jetblue? as you mentioned, andrew, we are in the either where it is all putting your cards out there if you are jetblue and trying to tell the spirit shareholders, we can get you $30 a share, but get your management to engage with us >> guys, i'll ask both andrew and phil this question when you see something like this happen, i think about the board and what a difficult position they're in trying to handicap this and trying to explain this is a higher offer. $30 or maybe $33 i don't know if that will go through. i think about the shareholder lawsuits that will come no matter what happens in the situation. >> i think you are 100% right. either way spirit goes, you will see a shareholder lawsuit. you can see the argument from the person or a big group or firm that owns a big stake in spirit they are looking at this saying wait a second. $33 a share? that is superior to the money alone with frontier. you can also see another group of shareholders would say why go down this path if we think it is

i had a chance to talk with j jetblue ceo about the hostile bid. one, spirit's board has not done its job with engaging with jetblue. they tried to get spirit's board to engage and have a true full faith negotiation. that is one reason for the hostile bid. two, he wants to share what their logic and rationale is with spirit shareholders spirit said it has twice rejected jetblue offers on the be belief, in large part, they believe the doj will block the merger with spirit and jetblue it believes a merger with frontier is a better offer that argument is a smoke screen. as a result, they are launching the hostile bid of tender offer of $30 a share that extends through june 30th they already met with investors. they are willing to go up to put $ 3 33 a share this a full-on hostile tile bid buy. frank. >> we are looking at the stock up this morning. what is next in the saga >> reporter: it goes back in the court of spirit. they said repeatedly i talked with executives there they do not think that a merger with jetblue, even with certain difficu divestit

we have a battle where you have jetblue coming out saying we are the better deal and spirit will sayontier will be the better deal and interesting to see how this shakes up. >> spirit air up 13% thanks to you, phil lebeau and ted christy. >> when life gives you carbon, make caocktails one company making vodka with a clean start. check out shares of robinhood continuing its declines of more than 40% the company's ceo v lad tenev joins us tomorrow for a cnbc exclusive. - hiring is step one when it comes to our growth. we can't open a new shop or a new location without the right people in place. i couldn't keep up until i found ziprecruiter. ziprecruiter helps us get out there quickly and get us qualified candidates quickly. they sent us applicants that matched what i was looking for. i've hired for every role, entry-level technicians, service advisors, store managers. ziprecruiter helps me find all the right people, even the most difficult jobs to fill. - [announcer] ziprecruiter, rated the number one hiring site. try it for free at ziprecruiter.com ♪ ♪ - [man] i got my degree at snhu

it would all become jetblue. it would be no discount on jetblue, it would be all jetblue.will be costly. you would have frontier left alone but would quickly be able to build up by of the spirit customers who no longer have an ultra is counter to go to. guy: thank you very much indeed. i want to talk you through some headlines out of the treasury select committee in westminster. governor bailey, andrew bailey, the governor of the bank of england currently being cross-examined. a lot be made of this in the u.k. he says the u.k. has suffered unprecedented sequence of shocks here he is testifying here we will get more and see exactly what he is going to say maybe on rates going forward. economic activity has been a surprise, this according to andrew bailey. we will continue to monitor what is happening and bring you the headlines from it. governor bailey struggling a little bit in terms of mitigation strategy. we will commit to an economic shock, paying the price for the zero covid policy in china. data overnight, very weak. this is bloomberg. ♪ cal: our confident forever pla

is looking around i don't see this as jetblue saying we have to do a deal just to do a deal jetblue believes that spirit and jetblue combined is the best option that's out there and that's why they're making this play >> yeah. see if they come back. phil, thank you. phil lebeau. >>> take a look at shares of amazon off the session lows. this follows amazon's worst daily performance since 2 006. that was friday after the company reported a net loss and later than expected revenue guidance some on wall street are starting to turn a bit more cautious, like wedbush mike, the stock has recovered a lot, it's barely down right now, but has there been a big change in thinking about this company >> not in terms of formal sell side approach to amazon, no. this is kind of a lukewarm downgrade of an outlook, but it's not -- it's not to a sell you've still got 48 out of 52 analysts with buy ratings, four holds. so in other words you almost like to see more downgrades. the stock is a third off of its highs, and so it still seems as if just the multi-year brute force appreciation in amazon seems to

>> a bankruptcy of 200 million jetblue put in the latest offer.t and others in the company, the feeling is doesn't matter how much you might modify the deal between spirit and jetblue, they honestly believe the doj is not going to approve it. so, why go down that path? the only teal that will get approved is between frontier and spirit, two low-cost carriers coming toofrgt together >> maybe they have more faith in the strength of the doj than microsoft does because it's cert ly trying to take out some things as well thank you for the insights can't wait for the interview with spirit coming up. and another rough day for the cloud stocks cloudstrike, dai dog, all lower. dare i ask is it time to buy the cloud? we will ask a top analyst next use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, empl

the s&p 500 lost 15. >>> jetblue really wants spirit airlines.lders with its offer to buy it in hopes of pushing the board of the florida airline to the negotiating table. jetblue is asking spirit to reject a proposed $2.9 billion acquisition by rival frontier. jetblue saying it offers value and certainty, claiming frontier would offer more risk and more overlap on nonstop routes. jetblue made its first offer to buy spirit for about $3.6 billion last month. >>> mcdonald's is pulling its iconic golden arches out of russia. they say the invasion of ukraine is not consistent with its mcdonald's empty into the soviet union 30 years ago was a symbolic show of the western influence. now it's willing to sell its restaurants to a local buyer. >>> uber is making sure baseball fans do not have to wait in long lines for peanuts and cracker jacks. they are working with a handful of parks including yankee stadium, dodger stadium and miute maid so fans can use uber eats to order their food and pick it up at a nearby concession stand. that's your "cbs moneywatc

at the same time, things like jetblue and spirit make a lot of strategic sense when you start looking a business long-term because they need to get their size to be competitive in the coming years as united and others add to their fleet and become mega, mega carriers there's a lot of upside and growth, and there's a lot of pent-up demand, and leisure traffic as you know is a canary in the mine shaft. it's the first thing to go, and it's really, really strong because it's been pent up for so long. >> so is jetblue's bid for spirit, then, really a defensive play rather than an offensive play in other words, if they don't go out and get scale, they're not going to be able to compete with the airlines like united, american, delta, that do have scale? >> i think -- i think, tyler, it's defensive, and it's strategic as well. they need scale, and to get the scale they need another 150 airplanes, they're not for sale, and in the short-term you're not going to be able to do it. while companies like united have announced 500 new airplanes in the next five years. so the seawall is coming at you.

jetblue initially wanted more. supporting saying the jetblue offer is not the superior proposal. interesting to see how this shakes out. spirit trading at $23 a share. >> jetblue has not had a good time of it. they failed to take over my mosaic status for. that's another story. would you take the flight from australia to new york? >> it depends if they have a track for me to run around inside. jonathan: you get a whole bedroom. a lie down bed and a seat. >> no way on economy. jonathan: that would hurt. we will talk about that later. ed moss joins us now. it's not all doom and gloom. you say on natural gas this perfect storm how this market should loosen up later on. compared to the consensus view that's giving you pushback at the moment. >> natural gas we are getting significant them out of pushback. the issues we see is where markets are loosening up and we are dealing with a problem in the powergenerating sector not of the moment to transport -- not in the transportation sector. or the agricultural processes but

yet another twist and turn in this ongoing battle between jetblue and spirit where jetblue says yeah,eal can still come together. >> thanks or that, phil. >>> coming up, what you need to know as we head towards the opening bell on wall street. we have your blportfolio covere with some of the brightest on the street katie stockton will be our guest and jeremy segall will join us it leads up to our interswru esther george. all that's ahead we'll be right bac rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investmen

here we go pro, jetblue is offering to buy spirit airlines for $33 a share.ke, "heck, you can take the whole plane for $25. [ laughter and applause pro, jetblue promises to bring all new features to spirit airplanes. con, like pilots [ laughter ] you're going to want those [ applause ] pro, now the two airlines can join forces and get back to doing what they do best. con, inventing new ways to charge for luggage [ laughter and applause "it's too small. it's too small you've got to pay $5 small luggage. [ laughter ] >> steve: "it's got a handle." >> jimmy: yeah oh, it's a wallet. yeah [ light laughter ] pro, jetblue is attempting the purchase through a hostile takeover con, a hostile takeover is how spirit describes their boarding process. [ laughter and applause "i have baltic i have baltic! pro, jetblue wanted to sit down with spirit airlines and make a deal con, spirit doesn't do seats [ laughter and applause everyone is just standing. hold - [ light laughter ] hold the pole. >> steve: "next. go ahead." >> jimmy: "you can go ahead. [ laughter ] you can go a

. >>> that story plus a bullish call on sofi and jetblue's hostile offer. the dow is up 57 points.alize (laughs) they're gonna need more space... gotta sell the house. oh... open houses. or, skip the hassles and sell directly to opendoor. wow. get your competitive offer at opendoor.com this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th. (laughter and music) (bat swinging) the aflac pre-pain show. aflac! ohh, mark is about to become a living piñata. luckily, aflac will help cover his unexpected medical bills. aflac? - (whimpers) i don't think he has any candy in there. am i at least going to get hit hard enough to forget this? nobody is going to forget this, ever. (bat hitting) - ohhhh i'mma call his momma. aflac! aflac! as a main street bank, pnc has helped over 7 million kids develop their passion for learning. and now we're pr

that is the enhanced offer if there jetblue, but this morning jetblue said, look, we do not think this sue pea yore bid to the one from frontier so at this point, we'll see what spirit has to say about the enhanced offer from jetblue, but it's hard to see if this is going to get a whole lot of traction given the fact that their primary concern is that they do not believe the doj will approve a merger between jetblue and spirit even if the northeast alliance remains intact, which is what jetblue is calling for it would divest some of the assets there but they would not eliminate that agreement or alliance altogether if a deal was consummated. guysing back to you. >> all right, phil much ado, much ado going on there. we know you'll follow it for us and see which way it goes. fewer flights and higher fares, i guess, which you love. >>> meantime let's get back to this week's tech route i said this week last week. i want to bring in tim armstrong, ferrer chairman of aol and the founder of tech giant startup flow co- you see it on the screen all the time and elsewhere tim, we were talking to

frontier and jetblue want spirit. jetblue is saying, but we got to offer. while more money for starters, jetblue offering $30 per share. frontier offering just $21 and change. spirit airlines management rejected the offer, saying it was unlikely government regulators would approve the deal. if frontier were to take over spirit, you have still got a big low-cost airline. if jetblue takes over, jetblue, a full cost airline, simply gets bigger. jr. of the news, moments ago we learned mcdonald's is leaving russia for good. it will sell all of its stores. it had temporarily closed it's 847 russian stores. now they would just never reopen. mcdonald's says russia is no longer "consistent with mcdonald's dahlias." >>> green arrows on wall street on friday. don't let this mislead you. the stock market is how losses for the week took a the sixth straight week took a the s&p 500 very close to bear territory. look at futures, we see more red arrows ahead cannot add. but, still red. some startups here in silicon valley also worrying about funding drying up or at least s

both frontier and jetblue wants spirit. jetblue says look what we have to offer, more money for starters. jet is offering $30 a share. frontier is offering $21 and some change. spirit airlines management rejected jetblue's original offer saying it was unlikely regulated to approve the deal because if frontier takes over spirit, you have this low-cost airline that remains. if jetblue takes over, you get the full cost airline getting bigger. >>> we learned mcdonald's is leaving russia for good. it will sell all of its stores. it temporarily closed 847 russian stores, but never reopened. mcdonald's says russia is no longer "consistent with mcdonald's values." >>> rare green arrows on wall street friday, but don't let them mislead you. the stock market saw losses for the sixth straight week. the s&p 500 is very close to its territory. when we look at the future, we see more red lights ahead. some startups in silicon valley are worried about money drying up, or at least slowing. this week on the podcast, and all he really talks

jetblue hostile at spirit airlines. lower than the bid jetblue had on the table.will bring it back if spirit is willing to come into this. nevertheless spirit airlines up on the day just slightly weaker. keep an eye on the april 1 close of twitter right before elon musk disclosed that passive stake. stocks rallied. but now it's going to retrace all of its gains. those shares down in the premarket. tom: before the advent of financial media there was an understanding bonds were not just full faith and credit. the financial media only quotes full faith and credit, lisa has made a career of looking at credit. in the old days you what a blue book and you thumbed through it and looked at corporate bonds. and they said you can enjoy losing money in corporate bonds. how much are we losing now with the aggregate index down 10% plus. >> a couple of weeks ago we talked about how the high yield total returns were off to their worst start on record. i think the key risk for bond investors in our view is that's been entirely driven almost by the rate component. in the event tha

not to go with and from merger with frontier jetblue comes back topped 18% spirit rest of the marketoing hot decline the start of trading this morning, a new week after volatile one last week s&p lower by 14 1/4 nasdaq down 70 points right now all three finished lower last week despite rally on friday week's losing streak continuing s&p 500 flirting with bear market territory, worst we canly losing streak since january 2011 chief market stringent, also joining the conversation likale lee strategy. >> founder, republican strategist lead attorney, jab anthony madison great to see everybody this morning. thank you so much for being here, thanks for weighing in what is your take on markets goldman sachs ceo out this weekend saying that there is a very, very high risk factor for the economy go a recession as fed combats record-high inflation what do you think? are we going into a recession this year? >> i absolutely think we are going into a recession i don't think, saying anything new i think actually jay powell confirmed that last thursday after recon firmed thinks road ahead itself goi

andres barry, jet jetblue vacations. we'll show grow more in the hot topic buzz when we come back. ♪ baby, you're a firework. ♪ come on, let your colors burst. ♪ make 'em go, a ah, ah, ah -- ♪ you're gonna -- meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. dolly varden silver is advancing one of the largest high-grade undeveloped assets in bc's prolific golden triangle. the property includes two past producing mines, and over 140 million ounces of silver equivalent. dolly varden. say goodbye to daily insulin injections. and simplify life with diabetes with omnipod. it's a tubeless, waterproof pod that provides insulin without multiple daily injections. now i

jetblue does launch that hostile tender offer sounds exciting, doesn't it? probably won't be. let's give you another look at futures before we get started with trading 16 minutes from now. a lot more ahead for you on "squawk on the street. but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. this is xfinity rewards. you can pick the best plan for each employee our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th. >>> jetblue announcing it has launched a tender o

. >>> spirit airlines has turned down an offer to merge with jetblue. but it made join forces with frontier airlines as they appeared in february, spirit agreed, in principle, to stop in cash with frontier valued at about $25 for each spirit share. then in march, jetblue made a more lucrative all-cash offer of $33 per share. but now jim is bored since such a deal could run afoul of antitrust investigators. so spirit is concentrating on the offer from frontier. >>> caltrain is scaling back services for the next three weeks. fewer trains will run as crew step up their electrification run. daily service is dropping from 104 trains to 88. and baby bella express trains are suspended. this continues until friday, may 20th with trains using a single track. the work was supposed to be finished in march but it was pushed back after a crash on march 10th, when a train slammed into a work vehicle and injured 13 people. >>> a day that started out relatively sunny, then this year we are starting to see the clouds fill in. the view over dublin right now, the camera s

concerns would probably impede a deal with jetblue. so why bother, right? chinese ev makers out with their monthly de delivery numbers, reporting a drop in april deliveries compared to a year ago, they said production took a hit from the resurgence in covid in china, but if you look at rival xpang, reported an increase in deliveries compared to april of 2021 all three are actually moving higher right now. investor appetite for blue apron wetted after the meal kit delivery company announced a plan to service its debt. look at this jump. nice move, blue apron raised $70 million in fresh capital through debt and equity financing, ceo linda finley also investing about half a million dollars through private placement but even with today's 37% jump right now, the stock is still down about 42% year-to-date. intense fighting in mariupol as the evacuation there is now underway. the war in ukraine showing no sign of ending, either the human toll or the supply chain distortion. the ceo of one company is here to tell us if his company could find i

in february date agreed to a stock and cash deal valued at $25 for each share and in march jetblue made a more lucrative all-cash offer which was $33 but now the board said such a deal could run afoul of antitrust investigators the spirit is concentrating on the offer from frontier. >>> it is fashion's biggest night and it is in full swing as we speak. this is a live look at the met gala and we will take you there >>> a court victory for the kardashians and the family had been sued by black china and she had accuse members of the family making false statements against her that led to the cancellation of her show and the jury found in the kardashians favor and denied her claim for $100 million in damages. >>> fashion's biggest night is in new york city. the met gala returns back to its original date and here is a live look. this is the grand staircase outside of the metropolitan museum of art. this year's theme is called in america, and anthology of fashion and focuses on the gilded age and you can see that camera is moving. and i actually recognize some of these people. >> it is okay an

, jetblue on the losing end today down 4.8%. the golden arches are leaving russia, after 30 years, mcdonald's says it's quitting russia due to an unpredictable operating environment related to russia's war in ukraine. the fast food chain expects to record an accounting charge of between 1.2 and $1.4 billion following the sale of its 847 restaurants there to a local buyer and by the way that buyer cannot use mcdonald's menu, golden arches, or official name anymore. mcdonald's pretty much flat on the session. regulatory filings reveal former president trump will have to wait for six hours before repost ing his messages from social media platform truth social on other platforms. the special purpose acquisition company dwac, which will take truth social's parent trump media and technology group public filed a statement with regulators and said it expects to close the deal in the second half of 2022 so dwac moving higher by 8.3%. and even a major reversal by noted netflix bear and wedbush analyst michael pachter not doing much to lif

jetblue is going directly to spirit airlines shareholders with a $30 share offer last month, jetblue offered $33 a share. but spirits board rejected that. spirits board has said it's more likely to avoid antitrust issues if it tries to merge with frontier airlines spirit is hosting a shareholder meeting on that proposed merger with frontier on june 10th. and netflix is making some big changes to keep and attract subscribers. it's reportedly looking into adding live streaming to its platform. according to deadline, the service could be used for unscripted shows and stand up comedy specials. the option would also allow for live voting and shows like competitions and talent contests. netflix is also bringing back black mirror, which is a popular dystopian series supporters of san francisco's d a rallied over the weekend against the upcoming recall vote chaser. boudin's future as d a hinges on the outcome of an election that's now just three weeks away. recent polls show that bodine is likely to be recalled ktvu greg ligon shows us how his supporters are trying to turn that around. suppo

you added to jetblue you added to xpo you added to gxo you added to aptiv can you take me through those briefly? >> sure. but just one thing, we had to fund those so first let's start with the sells so we sold walgreens where we thought there was limited upside and trimmed huge winners, northrop grumman and repositioned it into growth stocks we think are legitimately oversold so jetblue, aptiv all down 30 plus percent we expect they'll haver earnings growth in 2022/2023 in the 20 plus range jetblue all the noise from the spirit takeover is completely clouding the stock i think they'll get back to $1.18 of earnings. turning out like $10, $9, $10 a share right now. xpo and gxo. no doubt logistics are so necessary, so in demand they have huge earnings growth and stocks down 34 and 42% aptiv benefits from evs and should have earnings growth -- i'm sorry. i messed up on that, i think 14% and disney down 34% year to date our thesis still intact we get back to 9 to $10 of earnings and, scott, that goes into your like we can't -- we can't look at travel and leisure and extrapolate that to the w

they said no to jetblue and jetblue is only down a nickel.ould like to see some consolidation, more consolidation. >> than the price would go up. stuart: everything is hogged by the top five. you see more competition to get involved. >> the top four have 80% of the traffic control for price. when you have a merger with jetblue i don't know they called him across carrier, i think they think it is jetblue comes in and you don't have as many low-cost participants in that case. what i'm not sure i like that with just the. stuart: pfizer 47 television. >> wells fargo looked at a trial in paxlovid and how we can prevent infection in people living with someone who has covid and they did not like what they saw. we could be living together and you have covid and i popped paxlovid for five days and i still get covid. it's not a good preventative rate and we will find out more tomorrow because pfizer reports tomorrow and they're expecting to say paxlovid would bring a $22 billion in sales at the household treatment if you have it in your medicine cabine

this morning, jetblue launched a hostile takeover bid for spirit airlines jetblue going directly to spiritirlines shareholders with a $30 share offer last month. you might remember jet blue had offered $33 a share. but spirits board rejected that spirits board has said it's more likely to avoid antitrust issues if it tries to merge with frontier airlines spirit is hosting a shareholder meeting on the proposed merger with frontier. june, 10th and netflix, making some big changes to keep and attract subscribers. it's reportedly looking to add live streaming to its platform. according to deadline, the service could be used for unscripted shows and stand up comedy specials. the option would also allow for live voting and shows like competitions and talent contest. netflix is also bringing back black mirror popular dystopian series and again, reportedly in an internal memo, netflix told employees if you don't like the content, you can quit. the average price of gas more than $6 a gallon in nearly every bay area county, the only bay area county that's still below $6 a gallon right now is solano

spirit rejecting jetblue's earlier takeover, but now jetblue may go hostile in this. >> definitely souse the tender offer in this hostile bid is $30 a share that's what jetblue is offering to buy spirit airlines in cash. now, remember that spirit said no the first time and guess how much jetblue is offering them. they were offering more at $33 but i guess because of the sell-off that we're seeing in virtually everything in the stock market, including in airline stocks, so jetblue is saying well, actually, $30 might look good to shareholders, i mean, spirit and their executive board can say no but stockholder s, that might be pretty lucrative in their view, so this deal gets done it be the fifth largest air carrier in america, but don't forget you still have frontier out there, they already have this agreement with spirit, but i think it depends on the stakeholders and whether or not they say $30 is enough to get it through. ashley: exactly. interesting to follow though, susan li thank you so much for that recap of some of the big stories going on. let's take a look at the dow winners

instead jetblue's board plans to sweeten the deal to try to convince spirits board to go with jetbluery initially from those big losses during the month of april and friday in particular, however, we do get earnings reports that should direct stocks. fizer airbnb, starbucks and cvs said to report their results. and the numbers are now down in the last hour turned negative, with the dow jones now down almost a half of a percent. it was up by that amount in just about an hour ago. the s and p 500 also down almost a half of a percent and the nasdaq was up about 100 points now down slightly as well. starting in november. companies that advertise job listings in new york city will be required to post the maximum and minimum salary for position. supporters say salary transparency as a way to fix gender and racial pay disparities. critics argue it will put small businesses that pay less at a disadvantage. colorado passed a similar law in 2019 and a dozen other states are considering similar laws. the toyota tundra is getting a brand new look. the 2022 redesign swaps the old v eight engine fo

jetblue announced the hostile takeover of our first spirit earlier flight attendants at jetblue are the union. >> this is surprising. exams on hold at a louisiana high school. >> talk about crazy and kind of scary too. as excuses go, yeah, it is sure to be that an alligator made its way onto the campus. this is after a 30 minute standoff with police. animal control officers arrived to detain it. >> no one was hurt. probably everyone got an a on that exam. >> i'm late because there was an alligator. >> is not surprising when you say louisiana. >> i lived in louisiana for a long time. that was like our weekend. activities of outgoing and looking at the alligators. >> and now you are over here picking cherries. >> you're going to fill the california sunshine. >> it feels kind of like louisiana would. look at the humidity today. let's take a look at the high temperatures and how that compares it to a record high. santa rosa reaching 92 today. the record is a 90. it does look like we will set a new record that was set back in 2001. in concorde today, high temperatures are expected to reach 9

. >>> jetblue a term ing a hostile takeover of spirit airlines spirit rejected the offer, i should sayded to stick with a merge are plan with frontier airlines and it is calling on spirit shareholders to vote against the frontier merger. jetblue reports their offer is worth 60% more than the frontier deal. >>> and mcdonald's is closing its doors for good in russia the company behind the golden arches confirmed today it's selling all 850 restaurants in russia it paused operations there two months ago in response to the invasion of ukraine. as a result of the exit, 62,000 people will be out of a job and mcdonald's faces a hit of $1.2 billion mcdonald's first opened in moscow in 1990 it quickly became a symbol of the thawing old world tensions >>> on wall street, the dow up 27 and dow off 25% this year. >> some dramatic and significant twists just hours before voting begins in pennsylvania's senate primary. the democratic frontrunner, john fetterman sivered a stroke he's skipping his own election night party tomorrow so he can rest in the hospital according to the campaign. fetterman rele

jetblue offered a lucrative deal of $3.6 billion, but there were concerns that antitrust regulations-- supports the less risky offer of $2.9 billion. it expects a deal with frontier to move forward in the second half of this year. advertisers know how many of your streaming shows and movies at home and they are shelling out even more money to get on your screen. a report put together by an industry group found that spending on connected tv drew for -- grew 57% last year, reaching more than $15 million. the report found advertisers are also missing some opportunities to reach streaming audiences. dan: let's move on, once an idol, always an idol. tonight the return to american honor for special show. your nokia has a sneak peek. -- george has a sneak peek. george: special reunion concert, they invited several past winners including 2003's ruben studdard and jordin sparks from 2007. they reflected on the biggest lessons they learned from being on the show. the work ethic, i will say the one thing they instilled in us is to always be on time, number one. but be able to handle curveballs,

spirit airline has rejected jetblue's latest $3.3 billion takeover offer. that sets the stage for possibly a contentious vote by shareholders. their choice is either to back jetblue or standby a pending combination with rival deep discount frontier airlines. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. another crazy day? and helping you plan for future generations. of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business, with fully integrated security solutions all

jetblue says it would provide a $200 million reverse fee and would divest assets to meet the deal happen's board says the offer does not constitute a superior proposal. shares of videogame maker activision blizzard are rising today. berkshire hathaway raised its stake in a merger arbitrage bet. berkshire noun owns -- berkshire now owns 9% of the company's stock. the european union has hit apple with an antitrust suit over iphone payments. the complaint alleges apple abuses its dominance over mobile wallets via its apple pay service. the company could face hefty fines. apple says it's contactless pay system helps consumers. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. ♪ >> let's say you want to be positive if there's going to be china stimulus. because what you wish for because if it is going to be a 2009 style credit stimulus, then the inflation or impact on that, you ain't seen nothing yet. lisa: that was geoff yu of bny mellon. what we have seen overnigh

jetblue has begun a hostile takeover attempt of spirit airlines. it launched an all cash tender offer and is urging shareholders to vote no on the airline's takeover by frontier airlines. the purchase is three dollars less than its initial bid. jetblue says it will pay the higher price if spirit agrees to a transaction. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >> are big issue is how little tightening is priced for next year. 30, 40 basis, that is a joke. you think about the biggest inflation worry in the last 40 years, and how can the fed or other central banks really think they can get it under control in 12 months? i think that is incredibly implausible. so we expect a lot more tightening

that is impacting the ticket counters for people traveling on southwest, jetblue and american airlines harrison, who said her flight was supposed to leave about 5:45 a.m. and she is still waiting to board. we will continue to track this for you. kumasi: black restaurant week is kicking off today, celebrating the flavors of african-american, as well as african and caribbean cuisines. it started in 2016. it will feature more than 50 bay area restaurants. rogers says this is a big help for his restaurant. >> it is beyond a dream come true for us. with being a small business in san francisco, we have the top-rated restaurants in the country here. black restaurant week gives us a chance to show our highlights and voice our talents to the rest of the world. kumasi: black restaurant week will run until next sunday, may 22. reggie: the contra costa county fair is back for the first time since the beginning of the pandemic. amy gave us a preview yesterday of one of the rides. amy: i felt like it was my duty to test everything before they opened the gates. it has been a couple years. i wanted to

southwest jetblue american airlines check in counters are being affected by this problem. we were told there is no impact two flights that are arriving or departing sfo, but still we do have a crew heading to the airport now to get you more information at this point. if you're flying out of sfo, your best bet really is to print a boarding pass at home if you can or check in through the airline's mobile labs to try to skip those long lines. all right. thank you. time is now 7 35 will happening today. governor gavin newsom will tell us more about his plan for an $18 billion inflation relief package. ktvu is amanda quintana's here in the studio. you have more information. good morning, amanda. good morning. yes well, we are all feeling the effects of inflation at the store buying groceries, especially at the gas pump. it's taking a toll on californians and governor newsom says his plan unveiled yesterday would bring relief the $18.1 billion relief package includes $11.5 billion in aid to send $400 to car owners. also 2.7 billion would go towards emergency rent relief and 1.4

now, southwest actually expects revenue to be as much as 15% higher from 2019 and jetblue says thanksing in. they believe that the high end of their expectations contracts to buy previously owned homes dropped to a two-year low in april. that is the latest indication rising mortgage rates and higher prices are dampening demand for homes. meanwhile, mortgage rates fell to 5.1% this week in the biggest drop since april of 2020 and moderna ceo says he'll get most of his money away stuff and sell has an estimated net worth of 4.0. 1 billion, of course, moderna one of the key companies making the covid vaccine, he says he'll make sure kids get a good education and beyond that, the rest will go to charity by for the nasdaq market site. i'm jane king, back to james. all right. thank you very much, jane. >> well, coming up on the kron, 4 morning news, it case of monkeypox. it's now confirmed in california. we're going explain to you what we know so far. we'll be right back after when you see things differently, you can be the difference. this green space will help the sustainability committee

jetblue going hostile in its takeover bid from spirit airlines.was looking into merging with frontier airlines, now jetj jetblue is appealing to shareholders with an all cash offer of 30 bucks per share and that is your money watch report this monday. guys? >> anne, thanks. it's a little movement with a big message in the east bay. little, free art galleries are popping up in oakland and berkeley neighbors. >> a woman? seattle started that neighborhood. justin andrews found one in oakland. and there when a well-known artist was contributing his own work. i love that concept. >> inside the tiny, wooden boxes there are some gems inside, the pint-sized paintings and small artwork, making a big impact. we talked to fernando san toes founder of beast oakland, a brand he created to show the pride, the positivity and the unity of oakland, a strong parallel to the idea behind these little art galleries. in front of one of the homes you'll find this little, black wooden box. and fernando santos dropping off some of his work to put inside it. >> i heard abo

. >> low cost carrier spirit airlines has rejected a buyout offer from jetblue spirit executive cited a low likelihood of regulatory approval as the reason the company reports it plans to stick with its merger with frontier airlines. that deal predates jetblue's offer and is sig competently lower. >> spirit stock down nearly 10% on the news. >> and netflix pulling the plug on meghan markle's animated series called pearl. the streaming giant canceling the series before it even aired, telling cnbc it's part of a strategic decision around all of their animated series. it comes two weeks after netflix reported disappointing first quarter results and its stock tanked in 2020, meghan markle and prince harry signs a multi-year deal to create content with netflix. >> on wall street, stocks continued their slide before staging a huge comeback. the dow finished up 84 s&p up 23. nasdaq up 201. >> i'm shepard smith on cnbc it's the bottom of the hour, time for the top of the news >> a now former police officer charged with murdering a 12-year-old boy. >> big oil under investigation accused of lyi

sfo sent a tweet out around 7:00 this morning, the learning of ticket disruptions for american, jetblue and southwest customers, the airport says the tech issues have since been resolved, but travelers we spoke with are still working to find a way to their destinations. nbc bay area's cierra johnson is live this midday. people are just trying to get out on vacation, cierra. >> reporter: folks are trying to get out and enjoy their weekend, this morning here at sfo in terminal one, they were told they need to find another airline or another airport after some technical issues really left a lot of their flights grounded. many of which were left grounded with no explanation. now, travelers we spoke with say they began receiving notification around 7:30, saying their flights out of sfo were canceled. the techs did not explain why they were canceled and travelers told us the gate agent said their hands were tide because the issue was on the tarmac, not with the actual airline. a tweet from sfo says it was the network, network issue, and three airlines within terminal number one experienced th

now. >> and affecting airlines such as southwest american and jetblue again, that's out of terminal onetoday, make sure to suppose website. see if your flight is going to be affected by one of those ticketing delays. it wasn't for this would have been an easy travel day. as you can see, the skies looking quite nice john issues in the skies and then issues on the road. so the accident we've been tracking here, 80 eastbound just east of sterling street as your ex, a teen getting ready to head from the city to the east bay. we have an accident there. >> one lane is blocked, but you're seen delays all along one o one because of that accident. so you might want to take to 80. but remember, you still have that accident there. one lane currently blot traveling into the city. no accidents here. so 17 minutes for your drive. >> on the westbound side of the bay bridge heading across towards the peninsula. a little under 60 minutes. no delays here for the san mateo commute, a crocodile towards the maze, 80 westbound at gilman street. that's in berkeley. there is an accident there. so you're defini

. >> reporter: it won't just be this weekend staff shortages also forcing airlines like delta, jetblue, and alaska to scale back hundreds of flights scheduled from july to august >> it seems almost contradictory fewer flights when more people are traveling. >> and if you don't have the pilots or the staff and there's a weather event and those pilots are not necessarily where the aircraft can fly, you start to see just how intricate of a system this is that we've kind of grown accustomed to. >> reporter: and today, more delays as severe weather is expected to bring high wind gusts, hail, and tornados to the central u.s., all promising more unpredictability and higher costs during this summer's travel season >> gadi joins us now from the burbank airport. gadi, you mentioned part of the problem with the airlines are staffing issues. what's behind the pilot shortage >> reporter: well, earlier during the pandemic, a lot of airlines started offering pilots early retirement as a way to save money a lot of pilots took that early retirement and now there is a pilot shortage of about 13,000 all

will not face charges after being recorded in a physical altercation with another passenger on a jetblue flight it happened on a miami-bound flight out of san francisco where a passenger was being punched by tyson both parties agree they did not want charges filed in the case which is now officially closed >>> hilary duff is coming clean on the cover of a magazine she opened up about body health. she is proud of her body for giving her three children. she said the all-female set helped her feel strong and beautiful. i absolutely loved her in lizzie mcgwire. even more so in "younger." so many females in that cast >> and her role as a mother. it's just fascinating to see her f grow >>> tom brady with a king's ransom >>> and the hi wghire act for home buyers as interest rates rise what goes on it. usually. and in it. mostly. here to meet those high standards is the walgreens health and wellness brand. over 2000 high quality products. rigorously tested by us. real world tested by you. and delivered to your door in as little as one hour. .. can i get ten large fries please? i'm gonna need lik

i think the least likely is jetblue/spirit they said the opposite it is not about the money.e don't think we can get it through. in part because of the existing government lawsuit in terms of jetblue and american. >> aaron, would you agree in that ranking order that it is the difficulty of things to go through? >> actually, i think if you look at where the market is pricing risk twitter is pricing 75% to 880% f odds stand alone value for where the company would trade assuming the deal terminated today. twitter is pricing 75 to 80 odds activision is somewhere in the high 50s to 60s. that moved up five points after berkshire hathaway's annual meeting. i would agree that jetblue/spirit deal looks the least likely here. >> the big question is, i think dan laid up nicely is it elon deciding not to do it or washington deciding not to get involved aaron, there has been a feeling just a general feeling on the street that you have to look out with the administration looking to make a move and looking to make its mark and that's created something over the deal of deal making to begin w

just case after announcing it's trimming summer flights by about 2%, joining jetblue and alaska airlines in pairing back schedules to reduce disruptions. passengers stuck in hartsfield-jackson today. the average cost of a ticket, nearly $400. that's a 28% increase from 2019. and the result of the summer season, steep jet fuel prices and surging demand but will that demand hold >> at what point do people say enough? i'm going to change my plans and not go anywhere that remains to be seen >> reporter: in the meantime, expert say book early, avoid checking bags and be flexible with your time line, as summer travel takes off nbc news, new york >>> good tips there. still ahead, tom cruise reaching new heights this weekend what he's accomplished that he never has before test test test test test test >>> the hollywood blockbuster is back big time the new "top gun" movie is flying toward a record-breaking weekend, but most surprising, it's the biggest opening weekend of tom cruise's 40-year career maggie vespa has more on the summer movie rebound. >> reporter: tonight, a heart-pumping throwback