glenn fogel, my friend, a pleasure having you on the show. lot busier than that. and let me start with this, glenn, because this week's the show is on the american consumer. are you seeing, in general, confidence and the american consumer? thanks for having me. it's interesting because we hear a lot of concerns about the economy and inflation and recession and all these things but if you go out on the street, you see that people are going to restaurants, or if you look at the number of people travelling right now in the states, it's a lot of people and we announced the second—quarter numbers and they were very good and we talked about record numbers and we talked about bigger than we were in 2019 so there is still a lot of good feelings about going out and enjoying life right now. so yeah, there could be some concern about the future, but right now people are feeling pretty good. and because we've seen this huge surge in demand to travel, and as yo uknow, it's highlighted how airlines and airports have been caught wiht their pants down. tthere

glenn fogel, a pleasure having you on the show.e bet you a lot busier than that. you also run spline, rental cars dot—com, kayak and open table and let me start with this, glenn, because this week's the show is on the american consumer. are you seeing, in general, confidence and the american consumer?— seeing, in general, confidence and the american consumer? thanks for havin: the american consumer? thanks for having me- — the american consumer? thanks for having me- it's _ the american consumer? thanks for having me. it's interesting - the american consumer? thanks for having me. it's interesting becausel having me. it's interesting because we hear_ having me. it's interesting because we hear a _ having me. it's interesting because we hear a lot— having me. it's interesting because we hear a lot of— having me. it's interesting because we hear a lot of concerns _ having me. it's interesting because we hear a lot of concerns about - having me. it's interesting because we hear a lot of concerns about the economy— we hear a lot of con

gross bookings surging 38% with ceo glenn fogel saying it would have been higher say for the foreign exchange headwinds. and cfo said increase in flight bookings offset the foreign exchange headwinds. on guidance the company is expecting record revenue but warning about a 12% hit to revenue because of foreign exchange and they are talking a little bit about how to get others on the call, buying trips through buy now pay later and other payment options. this is the same story we heard with airbnb and marriott. no longer buying pelotons and air friers. people are getting out in the world. tune in to sidewalk box tomorrow morning. you will have mr. fogel on to talk about the second quarter results. >> groundbreaking show every morning. >> i heard of it, it's good. >> 6:00 a.m. to 9:00 a.m. thank you, steve. >> would you sell a stock based on currency helped winds? if management doesn't hedge are they bad manager. >> fx headwinds are transitory. i can't establish a thesis on trading -- >> it's a real number. i would be concerned with the 79% they get from europe. forget about fx. what is

online travel booking holdings reaching a pandemic recovery milestone in their latest quarter, but glenn fogelavel recovery isn't over yet. he'll join us to discuss the quarter and his outlook. futures. >> take a look at where we are nasdaq up about 39 points. we're back after this. >>> welcome back to "squawk box. we are in peak travel season here in august but airline troubles, soaring prices and investor recession concerns may be softening growth in the travel industry joining us is a member of the ceo council, glenn fogel they posted second quarter results but missing the street's expectation. we are in what people thought was going to be a yolo summer. i don't know if you think the yolo summer continues into the yolo fall. >> thanks for having me, andrew. i'll tell you, we are very pleased with what we saw for our second quarter, what we' n announced last night we look at the number, i am very pleased with where things are and certainly the sign that it is so crowded at the airports is actually a good thing for business, unfortunate for travelers. >> and so, what is your sense of the rest