jetblue crow robin hayes joining us now phil is with us.ank you so much great to be here. >> how would you characterize the current state of leisure travel as you're seeing it now some the other airlines ceos have been optimistic over the last week or so. >> yeah. we're optimistic we guided revenues down between 4 to 9% over 2019 levels so we've really seen a very, very strong recovery in all of our key leisure markets. what about the delta variant and the cdc news on the mask how does that factor into a wild card for the next severalmans? >> we've been living this for awhile now what we have seen is several months now vaccination is an important catalyst for people to feel comfortable flying again in terms the pent up demand for travel that is still true there's a lot of people who want to travel this summer that haven't. so i'm expecting the rest of summer to stay strong here as of now, we haven't seen an impact with the delta variant. that's something we continue to watch for. >> there is news today on the uk finally letting american and

who is this more important for come out of united, delta, american, jetblue?will be launching over in london i believe. just walk me through that is important for. mary: really for delta and american, a little bigger across the atlantic. for jetblue, just the fact of whether they will be able to start those routes to london from new york, that is critically important for them. they have but a lot on doing that. lisa: how strong is the lobbying arm of some of these airlines that have been talking to the white house, saying can you please give us guidance on what your criteria are and what you're singing is? that's what you're thinking is? -- what you're thinking is? mary: it is pretty strong and pretty effective. even just this week, delta's ceo expressed frustration. he said we have been lobbying for months and months to at least open some travel corridors between the u.s. and the u.k. and the u.s. and europe, and ed bastian said we have kind of done all we can do. we have been giving them information, and he was frustrated that u.s. travelers who have been va

stuart: not necessarily jetblue. there is no first-class on jetblue. >> that is a problem?art: you take first-class. >> if it will fly places you want to be that the most important part. stuart: show me ups, stock is down 7%. what happened? >> domestic sales, a bit shy, given we are in this e-commerce boom where you are ordering online, that was a disappointment, still a fantastic order. stuart: a were not spectacular earnings reports. >> high expectations when they make adjustments with apple and microsoft, expectations are high on wall street and they will come out and crush estimates later on. because they are making so much money. a lot of business is done in the cloud online. that is what wall street is betting. stuart: 9:070 sent time susan lee said it will be a blowout quarter for apple, google and microsoft. i will watch. check futures. overall the big picture, here is how we are going to the wall street open on the downside but not by much, luke lloyd is with us. i read your stuff and you are saying, quote, to put it bluntly the market isn't attractive here. what d

. >> boo-yah >> my stock is jetblue i opened a position early in the pandemic i'm up over 70%.and international routes but the last three months down 20% has got me concerned should i buy -- >> you know, it did poorly with oil down today i mean southwest is my favorite. but i'm not going to try -- i think jetblue -- i like the management, i see them come on cnbc all the time. but i feel very slighted because they haven't come on our show. that said, 16 bucks, i don't know, 14 down, 20 upside i like that. the stock market showed broad-based strength look at these different kinds of companies in q2. wow. i like it. a lot of serbs are working but we are so not done there's much more "mad money" ahead. my countdown of top stocks continues. this time i'm tackling the nas, this list will shock you and didi and what it means for the overall market and all your calls rapid-fire, tonight's ee list of "lightning round" so stay with cramer hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's

. >> the week of july 4th southwest delayed. 51 1% of its flights american 34 and jetblue. 51% are planeve on friday. >> and delayed every hour. and rescheduled for monday. take a look at this video in saint lucia. >> american airlines passengers sleeping at the ticketing counters after their flight was rebooked for the following day and american couldn't offer overnight accommodations passenger aboard nolan calling it a nightmare. i think the animals in a kennel actually probably were treated better than they treated. >> their passengers at this point. but the traffic volume is favorable for airlines delta air lines on wednesday reporting its first quarterly profit since the pandemic hit. >> and american airlines on track toward recovery that carrier going from losing a 100 million dollars a day during the pandemic to banking. 1 million dollars a day. and i know it isn't fun. but when you see long lines to their security in the sea lines of people. >> waiting to buy something to eat or full airplanes and so on. that's progress. this is a good sign. >> that was markie martin reporting fo

on the covid concerns delta, american, all down 4% united airlines, down more than that southwest, jetblueine stocks are up 1% to 2% right now not much better for the cruising companies yesterday. kind of a similar story. all coming back not quite to the level they dropped yesterday they are up still like norwegian down 5% on monday. up 2.5%. a bit of a clawback. not to the level they were >>> yesterday, the bulls, clearly, in charge sellers far out numbering buyers of course, buyers have had the upper hand over the past year. both sides, if you sat around the table at dinner, could argue they had a point what are both of those sides let us quickly run through each main case. then get our friend jeff kilburg's take here is what the bears would likely turn to market structure something we will hit on in a few minutes. pay attention. you have options bets to the down side that are hanging out there. you got inflation fears. we hit the container story you got new lockdown concerns. los angeles county, reinstituting the mask mandate even if they have people vaccinated telling people to wear a

mounting concerns about covid variants taking a look at specific airlines, hawaiian holdings down and jetblue time span as well not much better for the cruise line industry. carnival following 8.5%. norwegian 7% royal caribbean down 5%. stay at home stocks not seeing much of a pop. zoom and teledoc around 6% etsy has shed 5% doordash is down 3%. lumber's continued crash down more than 50% over the last two months that drop starting to show up in stocks with the wo-o-o-d or wood etf now down 8%. and thec---u---t washington, d.c., and new details with the senate democrat plan to legalize marijuana ylan mui joins us with the details there. what can you tell us, ylan >> reporter: top senate democrats will unveil new proposal for legalization and tax action at the federal level. this will direct the u.s. attorney general to declassify it within 60 days of passage that will clear the way for the businesses to have access to the banking system the proposal would establish 21 as a legal age to buy marijuana in keeping with the trend in state laws but producing cannabis could come at a cost. the plan

for the first time reporting more than a billion dollars in net income check out the airline stocks jetbluee group lower with a 7% drop as the fuel price pressures overshadow solid results. just a few minutes ago, u.s. airlines have filed an emergency petition with federal regulatory commissioner saying action is needed to prevent jet fuel shortages it seems out in reno first we heard american airlines sounding the bell on this. now it seems like there's airports in particular they're homing in on and it's obviously an issue. >> i guess as travel has come back they find themselves short and obviously travel is way, way back. >>> washington works to build a grand infrastructure bill. politicians could be overlooking a critical need for american made semi conductors we'll talk to jerry seib next. >>> plus our powerhouse road trip continues today we'll take a trip to raleigh, noh rona, rtcaliand give you a look at the booming house market there. "power lunch" will be right back it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. y

and still getting canceled, airline struggling to keep up with demand, southwest, american, united, jetbluelights. the numbers are not in 2019 levels as farce travel but pretty close to pre-pandemic levels. when you furlough tens of thousands of pilots and flight attendants, not going to reappear and remember they have to go through training was a pilot can't just sit around for your and then say i will get back in the cockpit. they have to go through recertification training is to flight attendants, and the backlog to get new pilots hired in particular but also to get the other guys recertified. businesses for 20 years, how do airlines not know this is going to happen. how do they not think about this? jillian: they should have been prepared for this. >> reporter: they should have. i am awestruck by the flights that have been canceled because 't have enough bodies, horrible thing to say, to get in the cockpit and fly the flight, come on, guys. jillian: thank you. she rests her case. we think. it is 25 minutes after the hour. rejecting calls to wear a facemask as the delta variant spreads.

jetblue just out with some aviation stress, as we have seen from southwest and the rest.e will go to julian emanuel. i think he's going to tell us to calm down. how about we calm down and look at the vix, 18.51. which of these matters to you? jonathan: record highs on the s&p 500, despite the conversations we seem to be having about record low real yields. this equity market on a five-day winning streak. tom: i was talking to martin schenker about this. china is a huge deal. i get that china is a huge deal. i get that the fed meeting tomorrow with our coverage is a huge deal. but i've said this for weeks, it is about earnings. they are better. jonathan: the earnings from 3m, as our team at bloomberg says, the beat goes on. out later, the juggernauts, the tech tightens. pick a name. i don't care what you call them. tom: that's the -- lisa: that's the issue, that numbers are expected to be stellar, and how much of a concern is the china crackdown on tech? how much are we seeing an increase in digital ad spending? how much do we see an increase in cloud use because people ha

they all came back pretty fast today >> yeah, tom has some airlines, delta, alaska is on the list, jetblue, southwest so best buy, mgm, hilton, southwest, eog, those are all on tom's list of stocks he thinks that you need to focus on. if he is right that rates will start moving higher and there will be a bit of a reversal in part of that trade >> exactly and we believe that we'll get that reflation trade will continue to work because what we're really seeing is that we're liking the position of the federal reserve. and it reminds me of a quote by general mcarthur that said that true leader has confidence to be alone and also the courage to move on and then also the compassion to heat tmeet the ne others and what we see with the federal reserve, the fed chair powell is making very good decisions because a few weeks ago, everyone was saying that he was making the wrong decisions so we're supportive of where the fed is and where we are with the economy and we're seeing that this reflation trade will work going forward. >> always take an army guy quoting general mcarthur any day of the week. t

most specifically alaska, j jetblue and spirit the other thing to keep in mind, we have earnings ands will be q3 booking trends that's what everyone is going to be looking at. >> help us understand the profitability and the business model behind just these bookings as well. business travel would tend to be profitable i'm not sure how many of the different airlines -- >> it's the most profitable. >> i'm not sure how many of the different airlines are discounting now to get that traffic versus it's luxury vacation travel is coming back is that revenge spending >> it's leisure travel right now. and leisure travel generally speaking will not be as profitable as corporate travel you want corporate travel if you're an airline. that's what they need to come back post labor day. having said that, they're not discounting the tickets for the summertime if you try to book a flight right now for the middle of august, you're going to be looking at the airfare and saying, where are the great deals? they're just not there and they don't have to be there because there's so much demand in the market.

revenue expectations the stock outperformed some of its biggest peers including united, delta and jetblues and future of air travel let's bring in ceo ben minicucci with our own phil lebeau. phil >> kelly, thank you. ben, the spike in the stock in the middle of the day came during your analyst conference call i think it's when you said you expect to be fully back to levels beyond 2019 sooner than expected paint a picture for the second half of this year if you could and are you worried about any impact from the delta variant slowing down the growth that you're seeing? >> well, yeah, thanks, phil. thanks for having me yeah it was a great second quarter and i have to give credit to the people of alaska airlines it's just a great performance. we were close to break even. we beat the industry on pretax margins in the second quarter. and as we look beyond, the third quarter looks strong we're projecting double-digit pretax profits in the third quarter. single high digits in the fourth quarter. and i mean the question on the delta variant, the question is we don't know. what we're seeing right

. >> and jetblue, really didn't have the land mines you might expect. >> the delta variant, given that. >> and raytheon, same way. we talked to gray, going to say, listen, delta variant, we're not seeing it. ge's not seeing the delta variant. i mean, look what we're seeing delta variant. trying to tell us about the delta variant. unfortunately, if you have the delta variant. >> if you haven't been vaccinated. >> hmm >> you get the delta variant, you've been vaccinated, you might have agents bit of a cold. >> you getting political >> no. nothing political about it that's point he's making. >> that is the problem, everybody. >> don't bring up something like that and don't talk about -- >> who would have ever thought >> politics of life and eath very difficult here. >> and where we would be as a nation h. an inkling. >> you're anti-sickness, are you? anti-sickness. i have no room for that. >>> when we come back this hour, we said. ceo doubleheader jerry kulp and greg hayes joins us live. really important futures, five days up. if the nasdaq does it again today, longest sing july and augus

bezos case he has been working on this 20 years but people watching at home think this is taking a jetbluethe tough part for me. the 18-year-old, i think back to when i was 18, i don't know, he ought to have a little anxiety when he goes up tomorrow. actually they all should have a little anxiety. i did. i wasn't scared but i had anxiety. it is one of those things where you have the risk seems small but we don't know all of the things that can bite us and that is the concern. the more we do this, the more people get the opportunity to go and see our planet, that is all great but the more you do it, then the more, potential comes for something to go awry. obviously none of us want that. if you think back when alan shepherd did this for the very first time, the good thing for blue origin, when alan did we never done it before. we had never done any of this before. neil: right. >> those guys are able to piggyback on all we have learned since 1961. yeah, he has a great team i'm sure. i take issue with the fact where they said they think it is the best ever. i would argue that. the nasa was the

. >> one stat, zoom, market cap, greater than united, delta, american, southwest, and jetblue combinedt just tells you i think all you need to know, hunter just said that the ceo of united has better data than he does the market is speaking for itself in that regard, if you think about it to be -- i don't think that that level of business travel is ever going to be back to the prepandemic levels might have been going that way anyway because of the secular shift in technology. >> you can go see more clients on zoom than you can -- >> back to back to back. all right. by the way, hunter kay's top picks are ryanair and sun country. coming up, the quarterly stock report results are in. we're getting the traders to weigh in on the biggest questions. that's next. shares of wall ggreens in the r today. "fast money" is back in two. uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming [music ends] >>> welcome back to "fast money. cnbc is out with its exclusive quarterly stock report today we polled market participants. we start off with what is your favorite inflation trad

down big on reopening concerns and yet you have it, all sorts of red ink with united, american, jetblue in the early going. can we find some dow jones winners cracks i'm not sure we can, the only one was unchanged american express if you're there you go p&g, procter & gamble, merck, walmart is moving ever so slightly higher. those are the three winners right now. s&p 500 to see if we can find a stocks on the upside. clorox, maybe that is a tip to the added virus cases, but clorox up 1%, kroger, costco, all moving higher in a very downmarket. looking at that nasdaq winners as well, we have inside, costco again, xcel energy, those stocks are moving up about half a percent. looking at autonation, the auto retailer, they reported this morning. i have a feeling they did pretty well. lauren: demand for a new car is up 42% in the quarter, for used cars 47% and autonation expects that to continue until 2022. this is my favorite metric, this is a doll, supplies the issue. supply of new vehicles on the market 14 days. it was 49 days last year and that's why they have record revenue just under $7