the preliminary vote is a victory for jetblue.aid they expected to close the deal which values spirit at $3.8 billion no later than the first half of 2024. the deal still faces hurdles including antitrust scrutiny from the biden administration. >>> that's your cbs "money watch" report for this thursday morning. i'm dan lieberman, cbs news, new york. >>> well, if all goes as planned, starting next year some floridians will will be able to buy marijuana at their local gas station. gas station and convenience store operator circle k is partnering with cap bill company green thumb to roll out the new pilot program. ten dispensaries with separate entrances from the gas stations are expected to be up and running next year. they're expected to sell marijuana flour, pre-rolls, gummies and vapes. >>> next, theater-goers can curb their munchies. a musical based on the show "the great british bake-off," if i can say that, set to hit the stage. don't mind me. i'm just the flu. i'm quite harmless, really. and when people ask, “but aren't you l

we're waiting on coca-cola and jetblue laters this morning.ews we're following for you. a federal judge ordering dr. to fauci and jen psaki to be deposed that claims top officials in the biden administration colluded with social media companies to censor stories about covid-19, part of a lawsuit filed by republican attorneys general eric schmitt in missouri and jeff landry of louisiana, they accuse fauci of working with social media giants like facebook to counter online content like the covid lab leak theory. and then there is this. a real big loss to the hollywood community to tell you about this morning. "will & grace" star leslie jordan died after crashing his car into the side of a building in los angeles yesterday. a real tragedy. it's believed he suffered some type of medical emergency while he was driving. in recent years, jordan become a social media sensation after sharing really funny stories in that southern drawl that he he had to his nearly 6 million followers. leslie jordan was just 67 years old, maria. so funny and so talented.

it is expected to take 2 days. >> jetblue airlines is taking over spirit. the spirit shareholders approved the merger of this move actually carves a path to create the country's 5th largest airline. the deal still does need to clear several hurdles with federal regulators in april. you might remember jetblue a budget airline with perks made a nearly 4 billion dollar offer for spirit, which is an ultra-low cost. no-frills airline. the airlines expect to close the merger transaction the later than the 1st half of 2024. and days after a proposal to merge kroger and albertsons. massachusetts senator elizabeth warren said that she will be calling on the federal trade commission to block that deal. in a tweet, senator warren road, big grocery chains like kroger and albertsons are already gallatin families with inflated prices. more mergers and less competition with mean even higher prices and layoffs for employees and quote, if approved by regulators. the nearly 25 billion dollar deal would be one of the biggest in u.s. retail history. >> coming up next here at 6

, 3m ge beat on earnings per share, but missed on revenue ge shares up 2 1/2% coca-cola up 2 1/2% jetblue down 3 1/2% 3m lower by two 1/3% technology the lead after the close alphabet, microsoft visa reporting quarterly numbers of after the bell tonight after rally yesterday on wall street dow rallied to highest close since september he went 12, bond yields picked up dow industrials up 417 the close, the nasdaq up, s&p higher by 45. above 4.1% even though yields pulling back this morning take a look where 10-year is 10-year yield down 8 1/2 basis points sitting at level 4.164%, you look ahead to next week's federal reserve meeting, fed in a blackout period next meeting november 1 and 2, where we are expecting another hike in rates. oil prices pulling back this morning price brent crude down 1% at 92.29, price crude oil down almost 1% 83.80 big banking executive headed to saudi arabia for the future investment initiative conference, wall street unfazed by biden's threat to consequences for the saudis after opec+ output cut two weeks ago, being european markets this morning, look like this,

but again, the third quarter for jetblue slight miss on earnings per share coming in line on revenue. back to you. maria: thank you so much. it is time for the word on wall street, top investors watching your money. joining me right now is former gartman p letter editor, dennis gartgartman and the fitz-gerald group principal, keith fitz-gerald. keith, i want to get your reaction to tensioner we're seeing so far. we've been waiting to see how much inflation is cutting into profits. what do you say. >> i tell you what, this season is was i call the yeah, but season for earnings. everybody's got results. everybody's 2k got an outlook, n they go yeah, but. inflation hasn't bitten as hard because the ceos are ahead of the game unlike the politician whose are chasing it frankly. maria: general motors stock is up 5 and-a-half percent. you definitely see investors taking a breath in terms of maybe these numbers are not as bad as we expected for the third quarter so far, keith. >> i agree. that's exactly my take. i think the companies themselves, particularly key industries, are a lot stronger

stu: show me jetblue, any good news? down 6%. lauren: yeah, this is harsh.naged to post a profit, that's good news. their costs are going up 35%. i think the cost of jet fuel; right. but that profit, a big deal shy of estimates. stu: down 6%, my goodness, $7 a share on jetblue. ups, they shipped less but charged more. lauren: volume fell, fell 2% and fedex volume fell worse and ups doing better. it's not a bat report card and -- bad report card and that's not bad news ahead of holiday season. stu: got to get back to big tech earnings and start after the bell this afternoon. what are we looking -- what are analysts looked for in big tech? lauren: david nicolas likes google and looking at alphabet and break it down a lit and will big theme is that there's still growth but it is slowing growth. so overall revenue is a big number, it's expected to come in at $70.6 billion in one water. that's an 8% increase but the fifth straight quarter of a slower pace of growth. that's the theme. they're tightening or seeing companies tighten their advertising budgets, that h

ibly1 what about jetblue, it is up. >> almost 2% on a down day, that says a lot. go back to the cpi report, annual airfares up 4.3%, fastest case on record, it costs you. ibly1 will we fly? >> you have to to see family for the holidays. ibly1 next case nbc's got 3 questions her own network's reporting on john federman's health issues. >> in small talk before the interview it seemed it was difficult for federman to understand our conversation. >> other journalists with federman said they had a different experience. ibly1 a conflict rate there. kayleigh mcenany takes on in the next hour. -- new york city homeless shelters, migrant buses rolling in. what is the mayor's response, put them up in a swanky hotel, we have the story. the central causeway in florida has reopened for emergency vehicles just two weeks after being severed by hurricane he and so how do floridians feel about governor desantis's response to ian. we will ask florida congress and byron donald's next. ♪ you love closing a deal. but hate managing your business from afar. you need to hire. i need inde

marriott a lot of companies involved in travel doing very well >> jetblue today was a miss.asically in lied with the guide. >> they were disappointing i was surprised with that. i think delta's quarter was amaze hg u-haulen credible. they just see more planes. >> razm is rate for relative seat mile. >> bryce harper is $40 >> he is worth that money. >> he is mr. razm. >> is that going to be every day now? >> until next tuesday when they lost game 4 on tuesday by wednesday, the tickets will be worthless >> okay. >> can i just say one of the greatest themes of this quarter is really surprising people. people are not buying things macy's, i thought they did well. but they just want to go away. it's my new theory i lived, so i travel >> that's interesting. we're going to talk about u.p.s. in a second. but they reiterate the guidance. brian cornell, not too long ago said people still want to celebrate the holidays >> they do >> we have not gotten major warnings >> look, if you're alive you want to buy. but i just think people just say, you know what, i want to see the world. or i

investors in spirit alliance, another company we talked a lot about, voted to sell the carrier to jetbluee saga is almost over? and they are, indeed, heading on their way to create the fifth largest usair line? >> john, nearly. i would say that it is just a further step in putting the sorry behind us. the next hurdle is regulate sorry. they expect to conclude the regulatory process and close the deal no later than the first half of 2024. the role reason that spirit was against this jetblue deal in the first place is it was concerned it wouldn't pass the regulatory test. this is a story that will continue from here, i'm afraid. >> and now the main event. we teased it coming in. british prime minister liz truss is fighting for her political career and describes herself as a fighter and not a quitter. there is speculation she may last the day. give us the very latest. >> it is something short of xraurd what is happening here in the uk, john. her premiership is in peril. some really remarkable scenes over in westminster yesterday. you saw a glimpse of it. her leadership hanging in the balance

spirit no longer flying solo, shareholders have finally approve a takeover by jetblue airways creatingst airline. the carriers still need to convince federal regulators that the deal will not crimp competition or drive up ticket priceses more than they already are. jetblue back in april made its $3.8 billion all-cash offer for spirit, derailing spirit's plan to merge with problem tier airlines -- frontier airlines. spirit up two-thirds of a percent. and generac down 25% at this hour after the leading home generator manufacturer reported preliminary third quarter profits and sales well below analyst expectations. the company also cut its 2022 sales growth outlook. the wisconsin company says that while installation for home generators is still growing, it's lagging the production output. remember, these are big ticket the items here. company also says that clean energy product shipments were negatively impacted after one of its large customers ceased operations and filed for bankruptcy protection. while generac did not name that the company, according to some reports they say that it's n

jetblue also up but year-to-date, you can see this more clearly and i keep coming back to the reasonfficult. you see pockets of strength. they are dictated by the areas. united airlines down sharply. delta is down similar. jetblue down catering to florida and a lot of families and vacation at a time when people are we thinking whether they want to fly around. some of these tickets are incredibly save. the money is declining very quickly. tom: my memory itemized airline fares were up 42%. lisa: this stems from business travel and people who can afford it, but a lot of cannot. so many people have canceled or not gone on vacation or they just drove because it is punitive for people who have constrained, discretionary income. tom: it will be interesting to see how they will do. i some chaotic that we have had. head of the fundamental fixed income at blackrock with decades of experience. i want to cut to the chase. what is the pain of level. what does it signal? >> that is a great point. high-yield spreads are not where we have seen historically, but the cost of capital has gone up substa

the airline merger between spirit and jetblue is one step closer to reality. however, travel experts are not celebrating. some say the sale could have a major impact on flight prices with if you're a competitor prices are expected to rise even more. the transaction is expected to be fully confirmed in 2024. still to come on the kron 4 morning news. >> health officials are warning that parents need to be on the lookout for more than just covid and the flu. why doctors are saying are he was coming back coming back with a vengeance. we'll be right back after the break. >> all right, for your health this morning there. something else aside from covid and the flu for the parents of young children to worry about. it's called rsv a respiratory virus is actually pretty common, but it's hitting harder this year bigger numbers. kron four's dan kerman talk to experts to find out why this is happening. >> surges of the respiratory virus rsv are now being reported at hospitals across the country, including packard children's hospital at stanford and ucsf benioff children's

we are coming off a strong earnings season, jetblue missed expectations but did eke out a profit withday travel and travel site hopper tells us airlines continue to see strong demand for leisure travel, search demand for travel is higher in 2022 in previous years as demand surged over the pandemic but data supports that, sunday was the second week in a row the daily screenings hit 2.49 million, the highest in february of 2020. we spoke about why prices are not slowing them down. >> the last two years regardless of the prices we need to go. >> to get out there, since everything is locked down for so long. >> go on and raise prices. >> a great comment but travelers are adjusting their habits with remote work. extending weekend trips because they don't have to come back to the office combining business and leisure travel and not only see more bookings but higher end tickets which is offsetting the loss in corporate travel but hasn't bounced back yet but things are looking up, i want to highlight, it is because the supply for pilots and planes themselves, adding to the demand, that is kee

spirit shareholders are voting on a merger with jetblue.to go through, we're looking at the s&p up 0.6%. we are done. you have balance of power with david westin,. mark warner of virginia it will be headed in with him. join us on digital radio or find us as apposite get -- as a podcast. this is bloomberg. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. announcer: the world of politics to the world of business, this is balance of power with david westin. david: from bloomberg world headquarters in new york to our television and radio audiences, welcome to balance of power. we start with

spirit airlines officially approved takeover by jetblue in return shareholders were get a bag of blueotato chips and a case of ringworm. a new labor department reform finds that inflation has driven halloween cassie kinney prices to hit record highs freight issues trick-or-treaters will have to settle for generic razo blades. this week pope francis said eve nuns have problems with watching . according to their search history the favorite position t watch is missionary. it felt gross coming out of my mouth. usually is the reverse. >> iron playing your game. a florida marijuana company being saved after complains tha their weed wasn't making customer sign-up for the compan refutes his fame seeing the product seems to be working jus fine for john fetterman. and, finally progressives are launching a new plan to radicalize real housewives by literally social media with left-wing platitudes. we want to combine of knox's women in politics just turn on the view. [cheers and applause] >> i would give that a solid b+. to the big story of the day. the elon twitter purchase is official. no one no

and i think whoever watches this show on select jetblue flights.] >> this is news max, i hate to say news men. do you know what i mean? i almost -- my other son -- my little boy, we almost named him max. the reason we didn't is because when we were if the hospital, they come in and they were like, hey, max dosage of this. this story right now i would be so angry if my kid was named max. we ended up call him miles. but it made him -- >> this show is not on news max. >> news nation. >> dayshift. >> it's not news max? anyway -- >> did that change your joke? >> i don't know if change is the right word or derailed. >> but you were saying your kid's name was miles and? >> i was going to say it makes it impossible to look up a -- >> why did you do that to him? >> yes. my fault. >> you could have let him finish the joke. >> i think they should have called the show the lesser of two cuomos. >> nikki. >> i wish you didn't interrupt me on that one. >> yeah. nikki, do you have any jokes based on the wrong name of the network? get it out of the open. >> i just

check blue posted its first -- jetblue posted its first quarterly profits since the end of the pandemicvenue matched expectations, and that offset the impact of two hurricanes during the quarter. that is your latest business flash. guy? guy: thank you very much. european markets, let's take a look at where european markets are trading. earnings definitely a big feature of the landscape. ftse, dax, and cac in positive territory. the ftse is underperforming because of hsbc, which is a huge weight on that market. you have had a change of management, the cfo. plus, also provisioning rise. the dax and the cac are writing quite nicely. moves are sharply to the downside. what we are seeing today is technology stocks doing well. we are also seeing a move higher in rate-sensitive property stocks as well. that is giving the market broadly a lift all the way across europe. earnings are the future of the landscape. the other stock i want to throw in is germany with linde, the gases company. it looks like it is going to delist from the dax. linde bought the u.s. company, but it is increasingly look

. >> whoever watches on selectth jetblue flights --in [laughter] hey -- if this is news max i would haten, do you know what i mean guys? i have a son my little boy we almost - named him max and reasn e we were in thef max and reasn hospital thethy go hey max, you know dosag e of this max whatever and this story right now i would be so angry if my kid was named max and ended up calling him miles but makes him final to find if i'm looking for a i airline ticket -- but who's nation -- but who's nation -- not news max. but anyway, that change youryway joke. >> i think i don't know if change is the right word or derailed i. o but you were saying your kids name is miles and --ng y >> i was going say but it makes it impossible to --as [laughter] m>> to look up -- why did you do that to him?- >> i think i would say -- my fault.. >> you could have let him do thh joke. >> cal l it lesser of two cuomos.os [laughter]. [laughter]. one. niki do you have any jokes based on the wrong name of theba network? [laughter] it out of the open. there's a lot of day shift s stripping going on here.tu less time a

when i flew back home, you told me this would happen, there was a bunch of illegals on my plane, my jetbluee country 24 hours. they were already on a plane. people are throwing away identifications, creating new identities. we have untrained, young teenagers essentially on the american side vetting them. what is your thought? you're a vet. you've done so much to help this country. you started this amazing project to go and serve by picking up trash which we know is destroying the area in the border area where people are crossing. what are your final thoughts on what you saw and how you feel about this situation at our southern border? >> i mean, i'm heartbroken for our country. i'm heartbroken for the people that live in the county, valverde county, maverick county. they are americans like we're americans and they don't deserve to deal with the flow of people coming there, consuming their hospitals, consuming, food banks, consuming budgets for the sheriff departments. part of what we do is raise money. we donated maverick county departments and valverde departments. we're funding police. i'

in 2025 as that opening bell ring this morning, some more good news, general motors, coca cola and jetblue up after reporting business is picking up and it is a very big week for earnings reports after the closing bell we hear from some of the big names in tech, including microsoft and alphabet later this week, we hear from ford, amazon, apple, southwest and mcdonald's long list of corporate earnings as we take a live look so far so good today, the dow jones more than a half of a percent again, october has been a very good month for the markets up 200 points the s and p 500 up one full percentage point. the nasdaq up one enough half percent 11,001 13 back above 11,000 this morning mortgage rates, which have increased dramatically this year , are expected to fall next year . that's according to the mortgage bankers association, which is expecting rates to fall to 5.4% now the average rate for a 30 year fixed mortgage currently sits at nearly 7% more than double what rates were to start the year. philips is announcing it will immediately cut 4000 jobs that represents 5% of its workforce. and

investors going to be watching very carefully for results from you've got chipotle, ups, visa, jetblue, apple, amazon and exxon just to name a few. we're also going to get a first read on gdp for the third quarter. how should investors proceed? let's get right to our floor show. joining me now are john mayer, and fitzgerald group principal fitzgerald. guys, great to have you here. keith, i want to start with you. pick up on that snap story, because the stock itself, i don't think that's really the issue here. it's the story behind the story and what that means for a meta. what does that mean for a twitter, etc. >> absolutely. and happy too. this is a case where the ceo is telling you the financial equivalent of the dog ate my homework. the ad model is broken, they have no plan to fix it, and they've never been able to monetize it. so i am not surprised in the least to get this thing being carried out. meta has got the same problem. zuckerberg is struggling and flailing, and he has no idea where to go. wall street's trying to defend stock, but that ultimately isn't going to work, cheryl

. >> reporter: jetblue rode it out here, alone. >> what would you like people to know? >> send help. whenever, whatever. >> reporter: his front door looks like a wave pool, the war kept rising. he had a lifejacket at the ready, still, hurricanes will not chase him away. >> not much you can do about it. that's florida. >> reporter: st. james city sits at the tip of pine island. the bridge to the mainland, gone. survivors hearsay friends with boats in cape coral and ft. myers have taken it upon themselves to render aid. so far, there has been no fema water, ice, generators, food. heather hoffman made her way here today, finally, to find her dad, joe, alive. >> what is that like, to finally know? >> there's no words. the destruction is mind- boggling, but just to know that my loved ones are okay, that is the most important thing. >> reporter: st. james city was hit by the same 10 foot storm surge that took out portions of sanibel island causeway and bridge. we made it to one of the newly formed sand spits where critical infrastructure was washed away. >> communications is

not so jetblue. not joining the airline industry, we're celebrating whooping it up.arge i went through the earnings, more green, more numbers better than expected. some of those numbers like i stress were ratcheted down on the belief they would enter headwinds. that is a popular wall street firm. sure enough they beat the headwinds or a little ahead of the headwinds. let's get the read from two very, very smart guys a huge help to me all during covid. they were dealing with the same thing, when it comes to dan geltrude going to the office every single day, which i learned he was doing that every single day. mark you would assume he is at the office in this gigantic mansion and you saw all the picassos on the wall. all that stuff. i'm kidding. very nice and smart guys. mark, bank rate senior economic analyst, dan geltrude, geltrude and company founder. good to both of you. kidding aside, first on the earnings side, we have big ones to come, meta, amazon, apple, microsoft, for example, how important will those earnings be to you concerning the earnings thus far. >> the

. >> joe was watching on a jetblue flight and kept screaming, oh, my god! and scaring everyone. >> we're starting to land. there's turbulence. >> are you kidding me? i don't like flying. >> it's tied and it's kind of quiet, we're going through turbulence, and alabama recovers the fumble. >> i did not like that. >> tennessee fumble. they run it in and they go ahead and they win. as they score the touchdown, i'm sorry, i shout out, "oh, my god!" and everybody on the plane turns and looks. i'm, like, in the middle of the plane. top of mind. everybody in the front talking about the people in the back. i had to announce. i had to announce alabama scored, they got the fumble recovered. sorry, the plane is fine. but tennessee came back. >> not good. >> it was an incredible gam. alabama fans upset, if we win the rest of our games or they do, we'll see them in december. that easy. but what an incredible game. >> you get one mulligan. you can lose one game and still be alive. not good generally in turbulence to scream out, "oh my god!" but 100,000 fans at neyland sta

about ten years ago jetblue had a month-long pass for unlimited flights costing between 500 and 700 bucksontier on this but clearly they're trying to do things differently. >> it's right to see you were rightfully bashed for burying the lede right there. >> luggage is another question. >>> coming up, we have a big surprise as we count down to the world series. it is our "play of the day." ♪ it is our play of the day. do you struggle with occasional nerve aches in your hands or feet? try nervivenerve relief from the world's #1 selling nerve care company. nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. ♪♪ giorgio, look! the peanut butter box is here. ralph, that's the chewy pharmacy box with our flea and tick meds. it's not peanut butter. ♪ the peanut butter box is here ♪ i'm out. pet prescriptions delivered to your door. chewy. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's ti

activity over the course of the last, let's call it, decade or more, which does still question whether jetbluend spirit are going to be successful in their attempt to get together. guys, you know, we've talked so much about the return of the "business traveller. carl here, corporate sales increased since the start of the pandemic 80% of 2019 levels >> and then they ask their business contacts, well, are you going to spend as much or more in q4? 90% say, yeah. it's going to stay the same or go up. >> ed was great when he said, my message to executives that are ongoing, the other guy's going, you better get on a plane. now, you can listen to him and say, wow, the cpi's going to be cool or you can realize that part of the cpi is going to be red hot next month so, accept the fact of what's happening in america we've not gotten control of this yet. >> right the demand is unabated at this point, in terms of air travel. >> and a lot of it has to do with covid and people don't understand that either there's a 74% spike in covid this week, so there's a lot of people who are thinking about looking for j

and gm did cut its outlook and it did see supply chain issues easing and we'll cap things off with jetblueto cnbc ppts com for previews of the big ones after the close, like alab, phet microsoft and visa "squawk box" will be right back with kyle bass keep it right here visa "squawk box" will be right back with kyle bass keep it right here they've got a guide to help them through, i definitely feel privileged to be in that position. ♪♪ fsd pharma is developing new treatments for neuro and inflammatory disorders. in a breakthrough discovery, fsd pharma recently demonstrated positive effects with their drug in treating ms in pre-clinical mouse models. fsd pharma go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. >>> welcome back to "squawk box. chinese tech stocks rebounding after tanking yesterday following news that china's president had secured another five-year term as leader and stacked the top communist commit we loyalists and here to talk about

are rallying after posting some good earnings reports this morning, general motors, coca cola and jetblueafter reporting business is picking up and it is a big week for earnings. after the closing bell. we hear from some of the big names in tech, including microsoft and alphabet and later this week. ford amazon , apple, southwest mcdonald's many more, but they're celebrating that company there this morning of all your business news coming up. thank you for joining us here on morning sun, too. i'm pam cook. good morning. i'm dave clark. welcome to tuesday, october 25th and steve paulson's here. he has the latest on your weather. it's an alley rasmus forecast. oh cooler. nice, right, ali. if he does this yesterday wasn't bad. i mean, we had a lot of seventies but today we'll get sixties and seventies. some fog is back sales mentioned it and a few high clouds very active pattern for extreme northern california, oregon and washington. not for us. not yet. cooler tuesday. fog is back, not widespread, but there is fog and some higher clouds. so it all in more of an onshore breeze. so we're seei