joanna geraghty, president and coo of jetblue.his is bloomberg. ♪ amanda: i am amanda ling in toronto, alongside vonnie quinn in new york. an ipokman has filed for that could raise up to $1 billion for a so-called special-purpose acquisition corporation, something he has done before. scott is following this. the so-called blank check businesses, a sign the obviously ackman thinks there is opportunity out there. but do we know about it? scott: it has been filed confidentially. he is looking to raise about $1 billion. and then he will use the proceeds to go out and try to find a company to acquire. vonnie: scott, has he already found one? rules actually, the dictate you cannot have a target in mind when you raise the funds. now, he might have ideas of things he might be interested in, but you cannot raise money with a specific target in mind. have a sense of what type of assets? he has done this before and merged it into restaurant brands international, the owner of tim hortons and other things. is he looking on that side of the wor

focused onre very the success of jetblue. focused on trying to ensure we are doing everything we can so that customers start feeling comfortable flying again, whether that is how we serve them, whether it is cleaning products and procedures we have in place. we have a unique culture here. it is very much a family. everyone is trying to make sure as when itas strong entered this storm. >> i want to talk about london. within the united states, you are likely a domestically focused carrier. how does the network change? how does the offering change? how are you going to reconfigure? joanna: i will speak to networks first. we are largely a domestic carrier. 70% of the seats are in the domestic market. 80% of the customers we carry are leisure. we feel we are set up for a recovery sooner than other airlines. we think domestic will return quicker. we think short-haul international will return quicker than longer whole international -- haul international. right international is a patchwork of different openings. from jetblue's perspe

jetblue is largely a domestic carrier.nk domestic travel will come back sooner than international travel and leisure will come back sooner than is this trouble. guy: in terms of how the businesses are going to evolve, there are key dates coming up. one of those is the end of september when the cares act money and the restrictions it brings starts to expire. you will then have the freedom to start to change airlines to face the new reality. what will jetblue look like in that environment? joanna: i will say we have been likely -- lucky to be a recipient of cares act payroll dollars. after september 30, when the cares act payroll dollars sees, we are looking at the saiz and shipe of what jetblue will look like. we will be a smaller airline. it is difficult to predict that far out. every week, the impact of the coronavirus. we are looking to june and july as signals as to demand recovery and what we think the coming months are going to look like. guy: in terms of what that demand is looking like right people going to see frie

our customers are very dedicated to jetblue.ng in the same direction so that jetblue weathers this storm. networko you think the will change as result of covid-19? within the united states, you are largely, as you say, a domestically focus carrier. how does the network change? how does your offering change? how are you going to reconfigure? as you mentioned, we are a largely domestic carrier. 70% in the domestic market. 80% of the customers that we carry our leisure. we will be set up for recovery sooner than some other airlines. we think that domestic will return it quicker. we think that short-haul international will return it quicker than long-haul. long-haul is a patchwork of different openings. from jetblue's perspective, as customer start getting confident traveling again, we are well-positioned to take advantage of that. that was the jetblue airways president and coo speaking with our own guy johnson. european banks are close to getting relief on capital requirements. that is after the eu agreed to sign off on legislation

jetblues is a large -- is a largely domestic carrier.ill be coming sooner than business travel. our business is ultimately going to evolve? -- how are businesses ultimately going to evolve? you will then have the freedom to start to change the reality. what is jetblue going to look like in that environment? >> we have been very lucky to be a recipient of cares act payroll dollars. it covers about 76% of payroll. after september 30, when the cares act payroll dollars cease, we're looking at what the size and shape of jetblue will look like. we will be a smaller airline. it is so difficult to predict that far out. every week, we learned so much more about the impact of the coronavirus. we are looking to june and july as signals to demand recovery and what we think the coming months will look like. >> in terms of what the demand peopleing like, is that -- are people going to be going to see friends and family? or will it be travel? >> it is a combination of things. we are seeing front of demand for leisure travel, but also customers going b

and robin hayes from jetblue joined us earlier. we were seeing 40% or 50% of customers fly as we came into may. we were flying about 10% to 15% of the schedule we plan. we're flying between 25% to 30% of how we planned and we just finalizing summer now. we continue to see some interest in sort of summer vacation and leisure travel we're seeing that in the bookings they're down year to date s that a good long term investment entry point? >> i think you can wait here the stocks had a bounce in my view it really was friday was a rush to get position because this news with the employment was probably a month or so earlier than people expected we thought july, third quarter would be, you know, at the time of a transition. i think the airlines here, you have to make a distinction the there is corporate travel, 50% of usair line revenue. and then leisure leisure is bouncing back that's where you have to look at airlines like jetblue, like alaska air that really cater only to the leisure section. jet blue is interesting. it is only leisure

, but jetblue did go up as well from neutral to underperform keep your eye on jetblue american express downgraded to american equities. you own it >> i do own it, and it was my final trade last week, and i've been buying it the last month along with wells fargo we all know that travel and entertainment is going to be miserable for the next couple of months, but i do think this is your classic reopen name they've got a global brand, a lot of market shares they can garner internationally because they were a distant third behind mastercard and visa, especially on the digital side of things. great balance sheet to fund the growth it's still down on the year. >> i'm looking at a dunkin upgrade here i don't think anyone owns it but starbuck's was played well by a lot of folks you said you sold it last week joe, you sold it march 4th why no dunkin? >> because i have starbuck's this is a nice spot for dunkin that's a spot you might want to reenter. i would consider taking half out of starbuck's and giving it to dunkin'. >> let's do trades liz, nice to see you again thanks for being here. >> th

.>>> in the meantime, jetblue is working to put some of its part planes back in the air. the airline will have 30 new routes between july and october. the flights are tailored towards leisure travel with the airline expecting more people to be taking to the skies to see friends and family but some of the roots include daily flights between sfo and newark new jersey and orlando florida. jetblue will still be offering half as many flights as they usually do this summer due to the pandemic.>>> the new home at the raiders has passed a key stadium test. the coliseum repeatedly struggled. take a look at the nearly completed home of the silver and black in las vegas. the two billion-dollar allegiant stadium pass a critical test this week dubbed the super flesh. workers went into all 297 restrooms at the venue and flushed more than 1400 toilets and urinals at the same time. >> we don't want ever want there to be 60-70,000 people in the building and the plumbing system fail us. >> the workers coordinated the super flesh test using walkie- talkies. the raiders old home at the colis

this will mean jetblue is operating more than half of it mid-year capacity by august. increasing its number of destinations to 40 by july. qatar will see its net worth rebuilt 239 flights next week by the middle of next month. the decision follows a recent move by the uae to ease travel restrictions. haidi: let's check in on asian markets on this final friday trading session. we are looking like a pretty mixed and muted start. after a largely unmotivated session in the u.s. overnight. kiwi stocks off the session lows, down .4% said they futures in positive territory despite state-actor cyberattack on australian institutions. more on the market analysis in the next hour of "daybreak: asia," with chris weston. that evening from bloomberg's global headquarters in new york. i'm shery ahn. >> asia's major markets have just opened for trade. welcome to "daybreak: asia." >> asian stocks face struggles -- weeklyly gam gains. the coronavirus continues to with new infection records and global debts up to 100 50,000. china says the beijing outbreak is now contained. protest than

saying that jetblue is a pure play on the recovery. amazon, online shopping has been the biggest winner from this pandemic. atally, we will take a look another chart inside my terminal. caroline, i made this just for you. global stocks have added $20 trillion in market value since bottoming out in late march. the trade the last couple of has been u.s. versus the rest of the world. caroline: i love it. personalization. i have to talk up the euros at the moment. we were all on the euro stoxx 50, but only by 0.5%. but that into context, the rally, 11%. in terms of where we are of the year. still plenty to iron out in terms of the brexit debate. also saw it in asia. overnight session in korea, that start -- that stock market erased all of its losses for the year. pare those gains into the close. you have seen the enthusiasm and optimism that has been a hallmark in the u.s. going back to late march. we have seen that increase into europe, into asia. alisha's let's get take. from ny investment management. talk to us about where the next attr

jetblue is bucking the post pandemic trend, restarting flights and adding new ones.rier will add 30 new domestic routes from the new york area. as well as extending its premium service to new work, new jersey. restarts will mean jetblue is operating more than half its typical capacity by august. areates and qatar airways adding more cities to their destinations and boosting flights on existing rates as they ramp up post virus. emirates is increasing the number of destinations to 40 by early july. qatar will see its u.s. network rebuilt to 39 flights per week by the middle of next month. the decision follows a recent move by the uae to ease travel restrictions. >> the biggest back to back monthly job losses on record amid restrictions to stem the pandemic. losses were felt keenly in the tourism sector. 20,000 jobs. our next guest says it's been an impossible few months for the sector. tourism and transport forum, ceo joining us now. great to have you with us. it has been painful. it looks like that is not likely to lessen anytime soon with international borders likely

and united united gets to neutral jetblue goes to sell from neutr neutral. you told us earlier you sold out of the united, so i suppose you agree with this call >> i do. i sold out of the delta as well. i do agree, they're weigh ahead of themselves, and equity investors are essential dissolved. everything is collateralized against the debt i think it does take a long time to come back so phil is saying what i said, you're basic lil taking a chart of the fundamentals, but from the bottom left to the upper right. however, it will stop my think, just plateaued to go down. they're way ahead of themselves. there were trades, stay away at this point they can go alternates higher, but eventually reality will set in markets can remain irrational just because they're irrational doesn't mean they need to go down a lot of our viewers don't greenspan irrational exuberance, the stock market went up for like four years after that >> right >> i agree we've been talking about fangs for 15 years in terms of outperformance that will continue. >>> let's get to sue herera with

. >> compaÑÍas como jetblue siguen dejando un asiento vacÍo-- aunque ofrecen a sus pasajeros cambiÓ la sus vuelos en plena pandemia. >> tenido que cancelar tres veces porque yo ya tenÍa un vuelo para abril primeramente, despuÉs en mayo y ahora en julio. tengo miles de dÓlares que estÁn en espera que no me han devuelto. >> esta neoyorquina dijo que vino recoger a sus familiares. dice que no viajarÁquizás hasta prÓximo aÑo. >> esmuy temprano. todavÍa la gente se estÁ . fÉlix: carlos desatÓ contra un hispano que iba a ser arrestado. el incidente ocurriendo schmid 18 y muestra como el uniformado, ryan hacen golpea a albert molina. creen que se tratÓ de un acto racista por violencia que fue presentada en el caso. el oficial tiene una fianza de dos y $5000. arantxa: la policÍa de lewisville en kentucky. entre los reclamos de un alto a la brutalidad policial tambiÉn se exigiÓ justicia por la trabajadora de salud y muriÓ en manos de oficiales que realizaron una orden de cateo en su propiedad. felix: la bandera confederada representa los estados del sur del paÍs que lucharon contra la aboliciÓn

and the low-cost airline jetblue is taking a different route and actually increasing services. the air carrier will add 30 new domestic flights starting this summer. jetblue says travelers are focusing on visiting friends and relatives rather than business travel. they're taking advantage of the demand in leisure to generate funds quickly. >>> some major u.s. companies are giving employees a day off for juneteenth and lots of americans have been skipping loan payment since coronavirus had the country. for more, diane king hall joins us live from jersey city this morning. good morning to you. >> good morning, we will start with a recap of stocks, it has been a bumpy week, the dow fell 39 points, the nasdaq at 32 and the s&p 500 inched up a point. americans are skipping loan payments according to trans union people have skipped 106 million payment since march 1st. the largest increase in missed payments was for student loans with 79 million deferring or seeking some other type of relief, that is up from 18 million a month before the pandemic script the less. it said missed paymen

and then even for southwest, jetblue -- jetblue has big exposure in the northeast, as well as alaska, they're under pressure as well, because you will have a real hard time as an airline instrument i if you start putting certain states away from the other states if you start saying to people you can't go here, or if you do you have to quarantine for days, that's when you see traffic falling off. i heard from a kreismt of an airline, who said i'm not happy with what i'm seeing >> stay with me, phil. cramer has something regarding the auto news you brought to us. >> phil, i'm trying to understand price disparity if you asked wealthy people what they're really in love with you, you get number 50 as number one, number 49 as number 2, explain it i was with someone who han as au and land rover, and they both did nothing but brag how great they are. >> when you talk to the auto industry, they bring of land rover. why? they think that land rover has a hex over buyers. it's always at the bottom of every list not just this, but "consumer reports" when you look at quality they are always at the

and the low-cost airline jetblue is taking a different route and increasing services.the air carrier will add 30 new domestic flight starting this summer. jetblue says travelers are focusing on visiting friends and relatives rather than business trouble. they're taking advantage of the demand in leisure to generate funds quickly. >>> new this morning, the theater chain says it will not require people to wear masks when it reopened cinemas last month. the ceo tells variety magazine he believes most theatergoers will wear a face covering anyway. but as amc wants to avoid getting drawn into a political controversy over mandatory masks. >> the new home of the raters has passed a stadium test. dubbed the super flush. they flushed more than 1400 toilets and urinals at the same time. and yes, before you ask, this is a real thing. >> we don't ever want there to be 60 or 70,000 people in the plumbing system fail us. >> workers coordinated. the raters old home dealt with multiple sewage and flooding issues over the years. on the roadways this morning. >>> give yourself some extr

i look at delta, american, united southwest and jetblue and carnival and norwegian doing greater thanverage daily volume, something feels off to me i don't know what it is but it's hamming and seemingly can't be stopped. these stocks are being bagged and gunned like never before i think it's irresponsible not to take something off the table now because you don't want to be fully exposed when they eventually get liquidated. the buyers will back again tomorrow i have no doubt when you have a hot hand you press until you get scalded if you don't pull away. there's a man with a buy order over there he's telling you don't beware. stick with cramer. stick with cramer. ♪ i got to beware and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech measier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new way

southwest, delta and jetblue are still blocking the middle seat or restricting passenger loads. >>> california resumed behind the wheel driving tests today. if you need to take one make sure you plan ahead. the dmv will take several weeks to clear the backlog of tests for first time drivers licenses. they are implementing new safety precautions. those taking a test must wear a mask, undergo screening questions and take a temperature check. two windows must be rolled down during the drive. >>> the coronavirus is changing how automakers unveil their new cars. ford f150 has been the best selling vehicle in the u.s. for more than 40 years but it has never been unveiled like this. the 2021 model rolled into view online. many auto companies are trying to attract customers after week sales during the pandemic. >> there is no playbook for launching a vehicle. everyone is trying to figure out with what works. the new ram is incredibly good and the silverado is incredibly good. ford has to absolutely nail this launch. >> ford borrowed $20 billion to whether the economic fallout of coronavirus. >>> talk

jetblue is blocking middle seats and some aisle seats through the end of july. delta and southwest say they are still blocking middle seats through the end of september. >>> airlines are moving forward with a contact tracing plan for passengers. following a meeting yesterday with vice president mike pence, airline executives got the go ahead to use a third-party app and website to keep track of all of their passengers. the airlines were reluctant at first to meet the government's demand of collecting passenger information and hand it over to public health officials whenever it's requested. >>> french cosmetics giant l'orÉal said today it will remove words like "whitening" from its skin care products. they released a statement saying they decided to eliminate the words white, whitening, fair appeared fairness, light and liedening from its products. l'orÉal's decision follows a similar decision by unilever. they have recently faced accusations of racism. >>> change is coming to the hit stv show "the simpsons." the show will have the familiar characters of bart, ho

jetblue is blocking middle seats and some aisle seats through the end of july. delta and southwest say they are still blocking middle seats through the end of september. >>> airlines are moving forward with a contact tracing plan for passengers. following a meeting yesterday with vice president mike pence, airline executives got the go ahead to use a third-party app and website to keep track of all of their passengers. the airlines were reluctant at first to meet the government's demand of collecting passenger information and hand it over to public health officials whenever it's requested. >>> las vegas is open for business again and some of the performers who dazzle on the strip have helped fight showir a oersed las s to tralers arriving aarran international airport. you're looking at a new act for these performers in video. masks are required in las vegas. >>> french cosmetics giant l'orÉal said today it will remove words like "whitening" from its skin care products. the company released a statement saying it decided to eliminate the words "white" and "whiteni

you have some like jetblue is saying it will block off middle seats until fourth of july, delta is saying until september 30th and others saying, you know, it's impossible to block off middle seats and that trend will just not continue. so until there is sort of a national standard from the department of transportation, i think the flying experience will vary between carriers that are blocking off middle seats and taking sort of more aggressive steps for social distancing and those that are ot. >> and are we getting any sense, phil, that those that are taking more aggressive steps are getting more benefit in sales as a result >> no. i have not seen any concrete data that says that somebody is booking a particular earliairli, whether it's jetblue or delta, because there's a guarantee that the middle seat will not be filled versus flying on united, who has said, look, we'll try not to fill that middle seat, but if a particular flight has a strong demand, we may have to put people in some of the middle seats. itch not seen any data that shows that people are staying away from flights that ma

international travel and their valuations look a lot better some of the names like american, spirit, jetblue, if you look at them even at these depressed price levels given the depth they've hadded the valuations don't look that attractive in a space i don't like that much, i think southwest might be the name. >> what do you make of that? the wyndham ceo said leisure travel is picking up jeff makes a good point about the business travel. what do you think that all adds up for for the airlines, opportunity or stay away >> i think it certainly depends name by name it's picking up off such a low level those types of increases in percentage terms are going to seem material. taking a look at american, this is a company where you're looking at relatively short data depth that's trading at just over 50 cents on the dollar. that tells you the bondholders still have significant concerns. the reason the equity does so well is because it is coming off such a low level it's a speculative buy on a reopening. but that doesn't necessarily mean that in the long-term these companies are going to end up being

delta, jetblue, and southwest are blocking the middle seats, or limiting the number of seats for sale. glenn henderson is the senior news editor with the points guide. >> they cannot be profitable if they don't sell all of their seats. it is surprising how quickly it happened. we thought maybe, the fall and winter is when we would see the airlines stop social distancing. >> united unveiled new cleaning protocols as part of their effort to fight the spread of covid-19. an american also touts extensive leaning measures. the change in booking policy comes as dozens of states have reported a jumping cases from just two weeks ago.:these are places that opened while increasing. to do that is like leaning into a left hook. he will get hit. >> reporter: they said they will fly about half of the domestic schedule and nearly 20% of international in july compared with one year earlier. and >> airplanes are a place where we will have to be extraordinarily cautious. is not really practical to properly social distance. >>> american airline says they will allow customers to move to more open flights

jetblue through july 30th. tonight, both united and american say to you don't feel comfortable on a plane, you can change your ticket for free. >> thank you. >>> and breaking news, the european union will ban travelers from america, saying the virus is not sufficiently under control here. here's ian pannell from london. >> reporter: tonight, abc news confirms americans are set to be banned from europe according to the new york times. the paper, quoting eu officials, says most u.s. citizens will be barred along with other "countries considered too risky, because they have not controlled the coronavirus outbreak." even so the world health organization warning of a very significant resurgence of coronavirus in europe. and britain's on alert again after these shocking scenes at a south coast beach on thursday. so crowded the police declaring a major incident. in liverpool more mass gatherings as soccer fans celebrate a championship title. now prime minister boris johnson warning people must follow the rules, making

jetblue announcing today it is adding 30 routes to meet higher demand take a look at the airline stocks today a choppy day this is what we've seen from the airlines for the last week up, down, not really moving a ton aside from staying in the range that they've been at for the last week or so. >> phil, we were wondering -- sorry. we were just wonld whaedering w percentage of the total employees and how it matched up with the broader population whether it is egregious when it came to the covid-19 cases >> delta has 93,000 employees. if you take 500 as a percentage of 93,000, it's roughly in lin that's we've seen as states have been doing testing we don't know how many employees have been tested at delta. it is making it available for all employees. but they have not told us what number of employees have actually tested. they're only saying 500 positive cases. >> got it. phil lebeau, thank you >>> let's get to the economy now. the latest read on the state of the labor market in america. steve leiesman has details for us they still look ugly, steve. >> yeah. you said it best at the top. yo

alaska, american, jetblue, southwest, and united airlines all announced enforcement of face covering.ach will determine appropriate consequences for noncomplying passengers, including suspension of flying privileges on that airline. the new policy elicited mixed reaction from passengers at sfo. >> there's a lot of different reasons people don't want to wear it. first amendment rights and things like that. i think they that should as a courtesy wear the mask for everybody that is traveling. but you can't make them, and then to put them on a no-fly list is excessive. >> it is fair, because you have to think about the rest of the people. >> reporter: eddie and his son just flew from philadelphia to sfo. >> everybody has a mask. they ask you, if you don't have a mask, we'll give you one. >> reporter: young children and medical reasons are exempt from wearing a mask on a plane. >>> as a bay area starts to open for business, we're here to navigate the new realities for business owners and you. napa could push deeper into recovery mode. businesses that could open on friday include nail salon

. >>> jetblue, lauren, i'm going to call this a positive sign. adding more routes for summer?auren: yeah. i'm thinking where jeff bezos goes on vacation because jetblue is adding 30 new routes to possibly places people go on vacation. nantucket, martha's vineyard, puerto rico. they are actually taking aircraft that have been grounded, that have been out of service, and bringing them back in to meet demand. they are talking about more hthn half of their pre-pandemic capacity. stuart: i'm laughing because i'm just trying to imagine jeff bezos sitting in a jetblue seat when he's got a fleet of planes of his own. i digress. lauren: he will buy the airline. stuart: he could, too, several times over. i want to move to mcdonald's because extraordinary news there. they are hiring, they are on a massive hiring spree. give me the number on that, ash. ashley: yeah. 260,000 positions need to be filled. this of course as restaurants start to reopen. by this summer, that's the number they are shooting for. they also announced they are going to enact 50 new safety measures for these reopened

calls alleviate some of the pain while waiting for them to come back, particularly on a stock like jetblued they'll be increasing domestic routes mike, what do you say? >> first of all, covered calls is the same thing as selling puts would by selling puts in the airlines right now no way no way >> pretty direct answer. time now for the final call. carter braxton, what do you say? >> kraft heinz i'm a big buyer. >> mike khouw? >> selling puts in kraft heinz i think makes a lot of sense here. >> tony jiang? >> i think walmart here is best of breed for the retailers i'm going to go long by selling cash-secured puts. >> that does it for us here on "options action. special edition of "fast money" is up next ♪ ♪ ♪ it's got all my favorite shows turn oright there.boom, i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll

calls alleviate some of the pain while waiting for them to come back, specifically on a stock like jetbluerecently said they would be increasing domestic routes. what do you say? >> first of all, covered calls is the same thing as selling puts would i be selling puts in the airlines right now no way no way >> pretty direct answer. time for the final call. carter, what do you say? >> kraft heinz i'm a big buyer. >> mike? >> selling puts in kraft heinz makes a lot of sense here. >> tony? >> i think walmart here is the best for the retailers i like the stock i'm going to go long by selling cash secured puts. >> that does it for us we'll see you back here next friday special edition of fast money is up next. ♪ ♪ ♪ ♪ ♪ ♪ ♪ woi felt completely helpless.hed online. ♪ my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefe

alaska, american, jetblue, southwest, and united airlines all announced enforcement of face covering. each will determine appropriate consequences for noncomplying passengers, including suspension of flying privileges on that airline. the new policy elicited mixed reaction from passengers at sfo. >> there's a lot of different reasons people don't want to wear it. first amendment rights and things like that. i think they that should as a courtesy wear the mask for everybody that is traveling. but you can't make them, and then to put them on a no-fly list is excessive. >> it is fair, because you have to think about the rest of the people. >> reporter: eddie and his son just flew from philadelphia to sfo. >> everybody has a mask. they ask you, if you don't have a mask, we'll give you one. >> reporter: young children and medical reasons are exempt from wearing a mask on a plane. >>> as a bay area starts to open for business, we're here to navigate the new realities for business owners and you. napa could push deeper into recovery mode. businesses that could open on friday include nail sal

southwest and jetblue blocked the sales middle seats. southwest will go until september 30. a >>> the panic continues to assist in through the summer months, what this will mean for raw college towns that rely on sentencing a business booming. communities around uc davis have to population of 70,000 and a thriving economy, when the pandemic head. estimated 20,000 students and faculty left town, with them when a third of the demand of goods and services. they plan to be remote. officials report that the demand will stay gone even as the economy reopens. >>> happening today, the san francisco school district 33 for monitors to encourage nominating your health. thermometers have been donated and they will be given away at the high school between 1:00 and noon. >>> a long-term san francisco politician was memorialized at the bet awards the only problem is that he's still alive. really brown has been flooded with calls after is featured in an in memoriam tribute to the san francisco chronicle. he surprised himself. he was confused with hall of famer and former oakland raider will

delta, jetblue and southwest are blocking middle seats are limiting the number of seats for sale.nd henderson is senior news editor pick >> it cannot be profitable if they are not selling all of their seats. it is kind of surprising how quickly it happened. we thought maybe the fall and winter is when we would see the airlines stop social distancing. >> united unveiled new cleaning protocols as a part of the effort to fight the spread of covid-19. american also touted extensive cleaning measures. the change comes as dozens of states have reported a jump in cases from just two weeks ago. >> these are places that open while they were still increasing to open while you are increasing is kind of like leaning into a left hook. you are going to get hit. >> american will fly about half of its domestic schedule and nearly 20% of international in july compared with a year earlier. >> airplanes are a place where we are going to have to be extraordinarily cautious but it is not really practical to properly social distance. >> american airlines will allow customers to move to more open flight

carriers include alaska, american, delta, hawaiian, jetblue, southwest and united.assengers are allowed to remove their mask while eating and drinking.>>> 24 hour fitness filed for bankruptcy today after three months of coronavirus closers and the company is now set to permanently close scores of dems. the fitness gym says it's closing 134 facilities in 14 states. is more than a fourth of its gems and at least 5000 jobs are now at risk. 13 of the gyms are here in the bay area, including solano mall, vallejo, berkeley, fremont, walnut creek, san jose and four in san francio.s say t be using bankruptcy protection to downsize. >> if you can choose among those locations and keep the good locations, the ones that make money and shed the ones that do not.>> 24 hour fitness says it has secured a quarter million dollars in financing to help reopen its remaining gems hopefully by the end of june.>>> stocks rallied on wall street after an early slump, shares bounced back after the federal reserve announced more corporate bond purchases to shore up the u.s. economy. the dow ro

look at jetblue, it is down 11%. since the march low, jetblue has more than doubled. giving some back. the next test for the airlines does corporate travel come back because those are higher selling fares. that is the airlines. look at cruise lines whether you look at norwegian or royal caribbean. these stocks have more than doubled since the march 23rd lows. they're giving some gains back today. you still have a no sale order by the cdc. investors are saying, okay, back to reality. ashley: interesting. yeah, business travel jury is out on that, how quickly can that recover. susan, you've been looking at the big banks. financials have been doing very well. susan: especially people are looking at the faster recovery in the economy. these are proxy place. when the u.s. economy does well banks are doing well. it is on hold what will happen with the federal reserve meeting and what jerome powell decided to do. you notice a steepening in the yield curve for treasurys? that is how they price the credits and amount of interest they charge on loans they dole out. when it stee

jetblue and alaska airlines have similar policies blocking all middle seats until july 31st.elta air lines is actually doing the opposite of its largest competitors. the company has promised to keep middle seats free through september 30th, and they also plan to cap seating around 50 to 60% on most flights and are adding more flights to ensure a roomy experience for all. southwest airlines announcing it would match part of that plan by a blocking middle seats through the end of september. meantime, major airlines are requiring passengers and crew members to wear masks during the boarding process and throughout the flight and many are passing out hand sanitizer and water bottles to avoid in-flight during service. despite a recent increase in cases in states across the country, the tsa announced on thursday that it's green the highest number of passengers since mid-march, still overall air travel is down almost 80% from this time last year. >> brian: i'm going to say what tucker always says, thank you for that. >> thank you for that, brian. >> brian: have a great weekend. good

jetblue has a policy to leave its middle seats empty through the end of july.a and southwest say they will leave the middle seat empty through the end of september. >>> baseball's black pioneers getting a long overdue tip of the cap. a salute marking the 100th anniversary of the negro leagues. entertainers, sports greats taking part in a virtual tribute along with several former presidents. >> i'm tipping my hat to everybody in the negro leagues who left a century long legacy of talent, spirit, dignity on our country. >> i can just imagine what baseball would have been like had the predecessors to willey mays been able to play major league baseball. >> the negro leagues made baseball better and america better. >> the campaign includes photos and videos from hank aaron and rachel robinson, her husband of course jackie robinson broke baseball's color barrier in 1947. great to see the amazing athletes honored. thanks for joining us, i'm boris sanchez in for christine romans. >> i'm laura jarrett. "new day" is next. energy. whoo-hoo! great tasting ensure with 9 gra

>>those other airlines that he's referring to our southwest delta and jetblue as they are all still blocking middle seats or restricting the number of seats for sale on each flight. american is offering flexibility for passengers alerting them if their flight is reaching capacity and giving them the option to change it. but american says so far only about 4% of passengers who have gotten those notifications have chosen to change their flight can am. >>noel thank you and more younger people are starting to get infected with the coronavirus that is a trend being seen now particularly along the southeast in florida, the median age of confirmed cases has dropped by 30 years from 65 years old in march to 35 years old now. >>we've seen particularly over the last we is the real explosion in new months or younger demographic. >>thanks to a house party for a cousin's birthday. and 3 days later in white star takes in saying that we all wasn't feeling. well. >>that patient jeri ward says he is one of 10 people in their late 20's and early 30's who attended a party in south florida all of whom have been

the company is dedicated to eliminating food waste so for just $3 a package, you can enjoy the jetblue crackers and cheese. >> trevor: yes, if you've been craving pulverized crackers and cheese that tastes like a pencil eraser, well, this is your lucky day. and, you know, i hope they don't stop at airline food, because in my dream world, for an extra fee, they'd send over someone with strong body odor to sit next to me on my couch and fight me for the armrest. i feel like i'm on vacation already! for real, though, guys, who in their right mind, who in their right mind, wowlz think airplane food is the thing that people miss most about air traveler. this would be like if coachella tried to recreate the festival experience by sending you dust and a porta potty. it's like i'm there. and, finally, do you sometimes wish that you could say, "screw safety. i'm just gonna grab all my friends and run wild through the streets"? well, it turns out, you're not the only one. >> invasion of the goats. that was the scene in one neighborhood after a herd of goats got loose. the goats managed to knock

jetblue has big exposure to the northeast.ven the southwest has a lot of exposure to the tristate area. a lot of people will self-quarantine, you know what i'm just not going to make the trip that's why a load of people say that will hurt of demand that also comes out on a day when we have big news of the initial survey of quality from j.d. powers, we won't go over the brands that are listed, but what is most noteworthy that j.d. power tess about tesla the brand. it says tess that has the worst initial quality in the industry, in terms of problems per 100 vehicles, as j.d. power calculates them. the biggest complaint, the fit and finish of tesla vehicles that raises the big question, as tesla has pushed manufacturing, pushed to build and sell more vehicles, does it take shortcuts? maybe not deliberately, but not as smart and as complete as it should be when it comes to the overall quality of its vehicles. that's what came out from j.d. power today, as you look at shares of tesla. keep in mind ntsa is opening an investigation i

carriers including delta, southwest and jetblue have tapped investors to boost funds as the virus hammersor travel. american has already receive almost $6 billion in federal payroll support. coming up, china may be warming to the prospect of another four years of a trump presidency. we will look at why some say beijing may prefer that to a biden administration. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. >> you are watching daybreak australia. the european union is taking on china's global trade ambitions with an unprecedented tariff decision to counter some cities to mainland exporters. for the first time ever, the eu is

jetblue is blocking middle seats and some aisle seats through the end of the july.ta and southwest are still blocking them through the end of september. >>> on this 50th year of pride a san francisco gay history museum struggling. a look how the ideas for the future are becoming different this year. >>> here is a live look from the roof camera there. time right now is 5:37. a little foggy this morning. we'll check in with lisa and what to expect for the day ahead coming up. stick with us. that could mean an increase byin energy bills.. you can save by using a fan to cool off... unplugging and turning off devices when not in use... or closing your shades during the day. stay well and keep it golden. >>> welcome back. with the return of camp grounds tomorrow, the national monument will get to reopen but this comes with limitations. as we told you, county leaders are delaying reopenings for hotels, gyms and personal services but for now,ark there limiting reservations to 1700 vehicle as day down from the typical 4,000. reservations are not required for those who walk o

. >> tindustry experts may be too negative jp morgan today downgrading a couple of the airlines jetbluend united, sending those stocks and others lower after what had been a promising rally. this goes to show you how people differ in the way they see the data >> he does quantitative work it's not qualitative like what we're trying to do here. i give them a lot of credit. they've done great work on the covid situation. if i look at zoom with a $61 billion market cap, i say to myself, oh, who are they taking market share not just from google of what are, from the airlines people may want to travel again. but until business travelers come back and start moving around internationally, these airlines are going to be operating very unprofitably. i haven't read the downgrade note but i sense that has something to do with it right here i just don't see it coming back any time in the second half of the year to pre-covid levels. >> tim >> business demand is definitely that which makes airlines profitable so the question really is after we get through the summer jp morgan is talking about exciteme

discuss potential safety procedures, that includes a leaders of united, american, delta, southwest and jetblue. also this afternoon president trump signed an executive order on federal government job hiri hiring, the basis of this one the hiring decisions for the federal government should be based on skills and not necessarily whether you hold a degree or what kind of degree that might be. back to you. we went interesting. thank you. connell: steve forbes joins us now as a force media chairman. let's start with the market and the virus news that blake was talking about today. as we see the dow on a friday down 730 points and not only watching what's happening in florida, texas and other states but how governments and people are reacting to what is happening, do you think the economic recovery in this country is going to be significantly delayed? >> in that question a big word is significantly. the answer is i don't think so, i think people were be more cautious about masks, gloves, washing the hands and things like that, young people will get reminded again, no you will not live forever, even

. >>> jetblue has announced that it will add 30 routes to its schedule, that includes new flights betweenrancisco and new airport. the airline says that the new routes reflect stronger demand for leisure travel. >>> and new at 6:00, an east bay college professor accused of a disturbing interaction with a student, and how the college is responding. >>> also a traditional treat with a powerful message inside. a local fortune cookie factory >>> having conversations about race can be uncomfortable, but a company in the east bay is using their culture and craft to educate others. they developed a fortune cookie specifically for the "black lives matter" movement. there is more than what is on the outside, it is what is on the inside that is starting a conversation. >> when you open it, not only are you rewarded with a delicious treat, there is a thought provoking message on the inside. >> they include quotes from civil rights leaders and other resources to get educated. the owners are handing out the solidarity cookies to protesters, in addition 50% of protesters wi proceeds will be donated to

jetblue is blocking middle seats and some aisle seats through the end of july.elta and southwest say they are still blocking middle seats through the end of september. >>> another delay due to the effects of the pandemic. fans will have to wait a little more for the much-anticipated new "mulan" movie which will now be released on august 21st. the movie was originally scheduled to debut in march but was postponed because of the coronavirus outbreak which shut down theaters across the growing and disney is the parent company of course of abc 7. >>> still ahead on "abc 7 mornings," six flags is getting ready it reopen its gates justi weekend. why park officials say they're hitting the rewind button. >>> and here say live look from our golden gate bridge camera. >>> with the return of campgrounds tomorrow in marin county, the national monument will reopen with some limitations. county leaders are delayin busi the reservations. vess reservations are not required for those who walk or bike. >>> happening today, most safe and sane fireworks sales start today but in rec

micron, cisco, chevron, jetblue, united, some of the down grades today.effrey's actually took the entire tech sector to market weight on a downgrade there. i know you talk about the starbucks with the squawk guys before the hour, comps down 43 in may, they did say 90% of corporate owned would be open by june 1 and that's essentially what they did, jim but then the preliminary adjusted loss for the quarter of 55 to 70, how does that match with what expectations were? >> yeah, when you hear that it's within the range, so to speak, it's not within the top of the range and that's why they will be selling i do think by the way the second half is going to be stronger, they are going to open up a lot of stores, china will be open, they're going to take advantage of the vacant storefronts, move in, have walk-in starbucks this is a fits and starts story. it wouldn't shock me if starbucks creeps right back as kevin makes it clear that the second half is going to be stronger than you think and that's what we should be trading on starbucks is a company that's here to

delta is down call it a fraction, united down 2.8%, jetblue down .25%. the eu prepares to bar american travelers when it reopens its borders july 1st. that trip to paris, forget it for the moment. >>> from planes to trains or rather, the runaway tech engine called the nasdaq. the composite hit an all-time high this session and is on track to close at its 21st record of 2020. that would be its longest win streak in six months. it's on pace for that new record close right now. we are at 10,166 at the moment. so the usual suspects are powering the nasdaq. everyone from apple to amazon, microsoft, netflix, they are all on track, all of them, for record closes once again. but instead of jumping on these pricey names that may have higher pe ratios than you would like to pay, let's go on a hunt for the next best thing. sort of the next apple of the world or the next netflix. they're not necessarily the same space. let's bring in our floor show traders. phil flynn, i will begin with you. what are you looking at that could be the next netflix, not as i said in th