eventually be passed on to customers anyway in the form of higher fares or fees let's bring in jamie bakersenior airlines analyst with jpm jpmorgan he upgraded american airlines this morning and downgraded southwest and frontier airlines in the same note welcome, jamie by the way, congratulations on being inducted into the institution investor hall of fame, one of the best airline analysts out there let's talk a little bit about whether or not these kinds of issues and things can be resolved by a fee structure. i will say, jamie, i was flying from austin, texas, back to new york just this past week we were delayed for weather, by hours, and i understood why. because there was a ground stop in new york city what exactly can customers expect >> well, you know, as phil just eluded to, we don't have the fine print yet in terms of what the administration is actually going to recommend in the scenario, you know, in your example, for a weather-related delay, i would suspect that, unfortunately, there would be, you know, no compensation coming your way so we don't actually have anything yet to am

alright tom baker reporting live for us tonight in walnut creek, tom. thanks jpmorgan ceo jamie dimond says the acquisition of first republic is actually helping stabilize the banking system, adding that the threat of more regional bank failures in his mind is nearing the end. meantime some investors and economists blame in part the rapid rise in interest rates by the fed for the unstable economy . fed is set to meet this week regarding another possible rate hike. the f d i c is recommending the us rethink its decades old policy of ensuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a targeted basis. the proposed change appears to acknowledge that the fbi is looking for ways to calm both depositors and markets. as the corporation contends, with the failure of first republic bank, former house speaker nancy pelosi was in san francisco today to help kick off the start of the asian american pacific islander heritage month, pelosi sat alongside leaders in the api community for a roundtable discussion hosted

jamie dimon. he wandered through harvard business school with the guy from comcast, a great investor as well it slid out among that talent as a bakeras ever been made about it. baby it is his own fault, he downplays it. this is a guy who is chairman and ceo of a bag and we all had got his annual letter. lisa: it is not as if he has not been incredibly successful. he gets compensated just fine. there is an issue of whether he could build a successor because he really is the face of jp morgan, c get through a host of different times. tom: i want to frame out the annual letter. one letter, you could tell he was really upset about people do not understand the day-to-day executive grind of hard work. you know the romance of 18 hour days and libby got planes. this year was much more of a strategic response. this is where baking ftse it as essential part of the american economy. these are real sensitivities. with red seed it is the angst going out to jp morgan -- and the panic of 1907 jp morgan wrote the check to save the nation. this idea you go through our baking history and now there is an absolute dominance of jp morgan and bank of am