why the underperformance of jetblue?ing in the last few months since the spirit drama, right >> sure. i'm not sure it is underperformance i think it is a case that the guidance, which was pretty broad, is just not going to the upper end of what people were expecting. all it takes is one mention of things slowing down a little bit in december, boom, that's enough to spook people, especially not just with jetblue, but with all of the airline stocks. the number of people i talked with, sara, who say i hear about great demand, but i think we're going into a recession doesn't add up to me, i think that's part -- that's at play here for the most part. >> no question thank you, phil. phil lebeau, jetblue down 8% right now. if you lock look at what's selling off, airlines, automobile manufacturers, food retailers are getting hit. staples are underperforming. a good day for technology, good day for the reits, the office reits, home improvement, some sectors that are sensitive to rates perhaps. >> a lot of it is the rate move and

even just airliners today with jetblue, they have that warning about the travel demand. and bringing up concerns about consumer spending, buster holiday shopping season. they are buying up technology and growth shares today or over the next week. but when it comes to the longer-term trajectory that is the tricky part. we will get more indications from the fed tomorrow. kriti: you want those tech stocks on your side to make sure this is a sustainable bull market rally. jess minton and michael mckee nailing it with the cpi take. let's continue with a true expert. veronica clark joins us from citigroup global markets. she is an economist. give us your initial take on the cpi reaction. i feel like markets are celebrating. are you? veronica: a little bit. we are moving in the right direction and i think the fed can sleep easier tonight relative to the alternative if we had a pick up in inflation. i would be cautious that if we have learned anything over the last year, it is not to get optimistic too soon inflation is coming down. if you look at the details of this report, you

jetblue is the same thing there's this enormous asin asynchrony jetblue, they may say, consumers areough time that's where you hear walmart. but they're spending hand over fist on trarchlt jetblue has been really good on pricing, which stinks for me. i wanted to go to florida with my daughter a couple of weeks ago, but tickets were $800, so i didn't go. you jetblue trading at $8 a shafrmt 62 cents in 2023 they're going to earn $1.48 in 2024, which puts them in six times multiple on 2024 earnings. meanwhile they were earning $2 a share before the pandemic do we think they can get back there? absolutely there's opportunities out there, and let's see. who was it one of the ceos yesterday said, hey, if i didn't have to be on cnbc, it wouldn't be in my dialect. yeah, yeah, yeah so i think that's really important is there are 7,000 publicly traded stocks out there. they're not all having the same experience at the same time, and i think we need to move away from the past decade of passive investing, index investing, rising on all shifts, and we need tole appreciate it's stock picking manag

you'll keep following that for us. >>> we're going to a scare on a jetblue flight.ion after landing in new york with 160 people onboard. take a look. >> we have a report of a possible fire at gate 29. >> reporter: terrifying moments for passengers on a jetblue flight from barbados. >> looks like they're doing an evacuation. >> reporter: passengers fleeing the plane by emergency slide and by the wings. >> they're jumping off the wing right now. >> reporter: after smoke was observed coming from a phone charger of the jetblue a320 as it was reaching the gate on saturday. >> when you have smoke on the ground and you're not right at the gate and it's getting worse or you don't know what the source is, there's only one thing to do, and that's get everybody out of the airplane. >> reporter: jetblue saying, safety is always our number one priority and we're investigating this incident in coordination with the faa and ntsb. the likelihood of something like this happening is very low. but if you spot smoke on a plane -- >> you need to take caution immediately. in other words,

stuart: jetblue is down to $7 a share. tesla, goldman sachs. target, 235 from 305. this has nothing to do with twitter. goldman sachs is worry about demand softening. they say the brand is more polarizing and cut their delivery target by one hundred thousand, to one. 85 million vehicles for next year. that is from goldman sachs on chesler. stuart: a guy from goldman sachs, very important guy actually not only for goldman sachs but personal-finance, the whole of goldman sachs. your company, goldman sachs, expects 3, 25 basis point rate hikes into thousand 23. if you are right, if goldman sachs, the mighty investment banker, with 25 basis points. >> we thought we would be between 4000, 4150. 5 or 6 weeks ago it seemed like a stretch. the forecast is relatively accurate. next year around 4350 to 4450. it doesn't mean a straight line. into recession, the last two years, the market, you should see more volatility. 16% on the us and b, much more on the nasdaq, dow is doing very well. we took value stocks which the dow predominantly is. that was a goo

but with that in mind and given what has happened since the storm ceded, jetblue, delta, american, you name it, they're up and flying. so what makes southwest different? >> so, the systems that we use are different and it's an older methodology. we also fly a hybrid of point-to-point, and then we have megastations, which means that instead of having hub and spoke returning back to certain city where people have to connect from, southwest can offer routings where people don't even have to touch some of these big central cities that you have to make connections through. it can offer some better services through some of the smaller cities across america. and that's one of the things that's made southwest airlines very successful. however, it does make it hard to recover because you may not have the capability to put airplanes and crew back into locations that don't have the bad weather or don't have the disruptions. >> this is a story that's certainly not disappearing from the headlines. passengers still stranded, luggage lost. we'll be talking more about it. we appreciate it. the preside

. >> jetblue was -- i mean, well, they have some problems, but jetblue set us all -- i think delta, again higher, but the market's problematic out of the fed but jetblue, no. delta, yes bastion, oh. he's a bastion of strength, bastion. >> he's on "squawk" this morning. talked about next year relative to this past year. take a listen. >> i'm thrilled to say while '22 was a crazy year, we hit our first-year targets, our profitability targets have been slightly ahead of plan on that our cash flow targets. we will be the most profitable airline in the industry, $2.6 billion of profit this year and we're going to be doubling next year, our eps, that we earned next year into this year, which is already in accordance with plan. so we have a very healthy outlook. >> you know, phil lebeau asks every tough question and i keep thinking that bastian is going to have an answer that's not what i want. it's just box check, box check, box check. i've never really been a big fan of the airlines, in part because of what happened in the pandemic, but i'm a big fan of bastian. he's the man he is the man. >>

today, over 160 evacuated from a jetblue plane at john f. international airport in new york due to a fire on the aircraft. that fire ignited right after the plane from barbados landed. >> the captain came flying out of the cabin, grabbed a fire extinguisher, moved over the seats, and putting the fire out. dion: passengers had to exit the plane using the emergency slides. officials believe an electronic device caused those flames and jetblue is currently working with officials from the federal aviation the national transportation safety board. there have been no reported injuries at this time. count down. we are a few days away from 2023 and that also means we are a few days away from new laws for california. take a look at the long list of changes we will seat in the new year. they cover everything from traffic and retail to crimes. you can find every of them on our website, abc7news.com. still ahead on abc7news at 11:00, a holiday cold like you had never seen before. the bay area home serving up all things disney. a special meeting --meanin

un aviÓn de jetblue fue evacuado en nueva york, luego de que la computadora de un pasajero estallararos con intoxicaciÓn por humo. la navidad no logrÓ una pausa en la disputa polÍtica por el tema migratorio. tres autobuses dejaron a 140 inmigrantes frente a la residencia de kamala harris en washington. los inmigrantes fueron enviados desde texas, por greg abbott. reportero: tres autobuses dejaron a 140 inmigrantes frente a la residencia de kamala harris el dÍa de nochebuena, con una temperatura de 10°. muchos venÍan en camiseta. tristÁn es una voluntaria que los vino a recibir y dice que los inmigrantes ignoraban dÓnde estaban. >> no tenÍan idea. muy pocos tenÍan idea de que iban a venir a washington dc. no sabÍan que es la residencia de la vicepresidenta. reportero: los inmigrantes dice que los autobuses los pagÓ greg abbott. dicen que se enteraron de que estaban en washington luego. >> los dejÓ con temperaturas heladas. reportero: los llevaron a una iglesia y les dieron comida, ropa. >> llegamos aquÍ sin nada, pero gracias a la colaboraciÓn de la iglesia hoy tengo ropa, tengo comid

marriott, jetblue, delta >> only jetblue is bad try to book a plane, try to book a hotel other than jetblue. i don't understand where these people -- i remember talking to brian chesney and saying people are saying you're saying the high end is bad. he said to me in an interview i did with him, what are they talking about? the high end is good so people want to be too negative on industries that are doing well >> right >> aerospace is doing quite well there's a dearth of planes people need planes what are you listening to? >> trying to listen to chip tell me something my hearing is gone >> i think people are too negative >> amex is a great example almost back to the 50-day this morning. that's a one-month low a little more on axp >> steve spruill is a good ceo he just told marc benioff, business is good i don't know like, travel is good although, anyone see the note upgrading gap stores and foot locker >> no, missed that one >> it was a good note. >> something i didn't miss and i want to get to, guys, is quick divergence into activism world here fis, fis you may know that company. a $48 bil

scary moments for passengers on a jetblue plane at jfk. flight attendants noticing that a passenger's laptop was on fire. the citizen app video showing the plane on the tarmac there. we're all passengers had to be evacuated. the flight landing at jfk from barbados after they saw the laptop. 5 people treated for minor injuries. a jetblue spokesperson says the national transportation safety board will conduct a formal investigation. it's the most wonderful time of the year, but it's also the coal dust. as many braved the freezing temperatures in the aftermath of the winter storm. amy yensi reports from new york city. residents are trying to make and cope with the cold weather. >> the holiday season is known by many as the most wonderful time of the year. but the 2022 christmas weekend has also turned out to be a record breaking cold. one, the low temperatures causing scenes like this frozen fountain across the new york region. still, the blistering cold hasn't stopped some people from taking in the iconic holiday sites the city is known for.

look at jetblue, even spirit what would you do? i think jeff, you would be top tier as well what do you with the rest of the field? >> we downgraded -- actually, we downgraded jetblue and allegian and don't have a buy on spirit on the cost side of the equation, rather, cost percent change basis, their costs are going up much faster that those of united and delta and american and you pointed out that those are two top picks. and that's how we're thinking about it we think the revenue growth will offset the cost pressure that those airlines will be affected with but from the consumer perspective, we're seeing a shift in mix, and we're seeing a change in the way that people are traveling. so -- >> what kind of change >> what kind of change >> interms of mix shift and th way they're traveling, we're seeing people not necessarily live where they work anymore, but they still have to come back in the office, so there's this hybrid environment, where they're back and forth, so they're traveling more than maybe they have in the past. and th

him to a trip to disney world. >> they have a good schhrimp cocktail >> what's your price target on jetblue >> >> prprobably $15, $16. and when it moves -- when they move, they move so fast that you've miss ed the boaif yt ou'r not early. >> i don't want to wait that long for this lunch. >> i do. >> final trades are next le scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body.

that's hitting the stock to the tune of about 2.6%, cowen chop ping jetblue to market perform sayinghere is no guarantee yet that that pending merger with spirit airlines will be approved regulators so jetblue is lower not on this screen let me just quickly punch it up here, jblu down about 2% and it's ua almost's loss a bit of a mystery. the carrier unleashing a flurry of positive headlines a few hours ago. closing in on hiring 15,000 pilots, flight attendants, ramp workers, because united is saying today, year-end travel will blow away its thanksgiving numbers which were very busy as well. ual down three full percentage points at the moment and as you see right now it's at $38.86. you know, it makes you wonder when you look at the lower right hand part of the screen with the dow down 709 points is it too dangerous at least right now to buy stocks? let's bring on the floor show joining me now baird asset management's founder and managing director mary ellen sta nick, and fitzgerald group principal keith fitz-gerald. keith what do you make of the sell-off? we've had ugly days recentl

i was not on southwest, i was on jetblue.s the airlines watch today. 60% of southwest flights canceled today. 90% of the flights canceled today are southwest airlines. my big question is why southwest, why not the other airlines? according to southwest, 23 of its 25 top airports were affected by this terrible weather we are experiencing. also some of their airline employees are talking about how the system needs to be updated before those same concerns from southwest in previous big cancellations they had back into thousand seven. we heard the same thing from the airline. if they are the biggest carrier to an area like buffalo, they are going to experience a lot of issues. caroline: you are reporting, where were you trying to get to and from and where were the people that you spoke to trying to get to and how disastrous was it? medicine: i would love to tell you how disastrous it was. i was going from seattle to jfk, trying to. the thing i really noticed was because of the things we talk about all the time, inflation, economi

thank you and terrifying moments for passengers on a jetblue flight landing at jfk airport in new york this weekend . the plane was evacuated as it was reaching the gate, all because of smoke coming from a phone charger. emergency exits were opened and slides were deployed. five people were injured. we turn now to renewed concerns about the security of the nation's electrical grid after more power substations were vandalized, knocking out power on christmas, and many customers are still in the dark this morning. here's a b cs derek dennis this morning new attacks highlighting the vulnerability of the u. s power grid on sunday. christmas day, three power stations in washington state were broken into two of them, tacoma public utilities in puget sound energy reported. 14,000 customers were left in the dark officials posting a message urging customers to report outages think nothing of when you turn on a light switch. but whenever you haven't had power for a few days and turnout light switches . it means it's just everything. the attacks come after at least five power substations were rep

. >> now, some airlines including american, southwest and jetblue, they are waiving the flight change fees. other carriers are offering waivers to cover the difference and if your flight is canceled by the airline experts, they say it's a good idea to ask about travel credits even if it was a nonrefundable ticket. aaa is predicting just over 7 million people are going to fly out. we're getting close to what we were before the pandemic. some people are driving and that's why we have mike to tell us what the roads and gas prices will be like. >> good morning, bob. first of all, very clear on the roadways and also much cheaper gas than for airlines but we're looking at better prices than even six weeks ago. here are some of the cheaper gas prices. if you're hitting the road today or the next couple of days, we'll start with 3.49 in mill valley. if you're traveling through or out of the north bay. south bay, it's 3.77 at the quick stop. in castro valley, 3.81 at the quick stop on grove way. that's the best we have reported for castro valley. it's the only thing we have reported for castro

what's notable about this is what a contrast it draws to yesterday when united and jetblue shares werewn >> jetblue brought everybody down, simply because it did not give a guidance that was as rosy as many people were expecting. if you want an expectations-filled guidance report, and you say, yeah, demand is there, check out what we got today from delta. delta is going to be better than expected, at least that's the expectation from the fourth quarter. and look at next year and the following year earnings, more than doubling ais the expectation for next year, then topping $7 a share in 2024. when we talked with ed bastian, they said it's clear that they continue to see very strong demand large corporate travel, which has lagged small business travel is continuing to gradually increase and that will probably happen even more in 2023. the one constraint, if there is one, is on the supply and the training of pilots here's mr. bastian >> capacity constraints are real and listen, we're not holding, we tried this spring, you saw it happen it broke we had to dial it back and so, it's still p

climatolÓgicas y tambiÉn una escasez de trabajadores, falta de tripulaciÓn, de hecho, por ejemplo, jetblues, complicado volar. una pesadilla navideÑa para los que quiÉn volver a casa luego de estas festividades. johana vuelvo contigo. >>> gracias lourdes. mÁs de 14 mil clientes cerca de tacoma en el estado de washington quedaron a oscuras la nochebuena. luego que 3 subestaciones elÉctrica fueron vandalizadas. ingresaron a 2 estaciones de los servicio pÚblicos de tacoma y a otra... no se llevarÓn nada. no se sabe si los incidentes estÁn relacionados. y sigue la controversia por el traslado de migrantes desde texas al norte de la naciÓn. greg abbott los mandÓ en autobÚs. en washington d c y baj temperaturas gÉlidas, la casa blanca calificÓ la situaciÓn de artimaÑa cruel, daÑina y peligrosa. >>> miryam, buenas tardes ¿de cuÁntos migrante se trataba?. >>> eran 140 migrantes. entre ellos niÑos pequeÑos y bebÉs. el viaje desde texas durÓ 2 dÍas. al bajar los migrantes se enfrentaron a temperaturas alrededor de los 18 grados. muchos de ellos no estaban vestidos adecuadamente para el frÍo y segÚn

. >> our thanks to jesse for that report >>> and now to a terrifying moment aboard a jetblue flight after a battery on a passenger's cell phone caught fire the plane had just landed at new york city's jfk. the flight arrived from barbados 133 people were forced to evacuate using the plane's emergency slides seven people suffered minor injuries and were taken to the hospital >>> this christmas offered another way for ukraine to separate from russia both countries usually observe the holiday on january 7th following the ancient julian calendar but in an historic move, ukraine allowed followers to celebrate on the 25th, with carols being sung in bomb shelters as air raid sirens ring out matt bradley is in steve kyiv >> reporter: christmas in ukraine is an act of defiance. soldiers at morning mass as russia's war rages, ukraine's president urging his countrymen to keep the faith. >> translator: we'll celebrate our holidays as always we'll smile and be happy, he said in a christmas eve message. >> reporter: in his christmas address, pope francis calling on the world to see the faces of our ukr

we're watching jetblue.related stocks, amazon and tesla will be in focus and traders preparing for the key consumer inflation data that andrew laid out this morning as well as the fed decision tomorrow. if the inflation does come in sort offer than expected it could come in for a tailwind with tech stocks hotter inflation means that you'll lower valuation and apple is up fractionally and microsoft up 1%. apple, amazon, tesla all showing gains right now. i'll send things back over to you, joe >> thanks. breaking news. ftx founder sam bankman-fried was arrested in the bahamas after being indicted by the justice department defrauding investors and his company. bankman-fried was set to testify today at the house financial services committee that will not happen, but the hearing will still go on ylan mui >> good morning, ylan. >> good morning. investors were stunned by the arrest last night and expressed initial support for the justice department's move. the chairwoman of the house financial services committee ma

southwest airlines cancela vuelos en el 2021 cancelÓ mÁs de 3100 vuelos en el transcurso de 4 dÍas, jetbluearon mÁs de 14 mil vuelos en toda la naciÓn, cuando son las 12: 08, hora de revisar la pregunta de hoy, conoce a alguien que sea afectado por la cancelaciÓn de vuelos? cuÉntenos su historia, su experiencia. si quiere mÁs informaciÓn, puede visitar telemundo 48.com. pasando a otra informaciÓn. un grupo de inmigrantes intentaban cruzar a los estados unidos fueron salvados por oficiales de la patrulla fronteriza, cuando uno de ellos casi se desmaya en plena zona limÍtrofe. dayana villanueva nos cuenta qÉe ocurriÓ. >>> el migrante rubio nos habla de cÓmo un hombre casi se desmaya y cae al rÍo a un par de metros de cruzar la frontera. >>> cuando lo vi, nadie lo estaba viendo, lo observe y se estaba tocando el corazÓn. algo sucede. estuve hablÁndole para darle Ánimo y con dios, sobre todas las cosas, que sÍ podÍa que no se podÍa dejar vencer, en los Últimos momentos se puede caer y se ahoga allÍ. (gritos) >>> nuestras cÁmaras estuvieron presentes en el momento que la patrulla fronteriza con

the bottom four airlines are american airlines, jetblue, alaska, and united. on the others of the spectrum, the major airlines with the lowest theft rates will be spirit, southwest, delta, and hawaiian airlines. kristen: interesting. something to keep in mind. what are some factors that make luggage theft easy in the u.s.? is there something in our airport design? kevin: unlike some other countries such as asia, the baggage claim area for domestic flights here in the u.s. is open for anybody to access. once your bag hits the conveyor belt, it is up to the travelers to find and locate their bag. at sfo for example if it is irregularly shaped or things are left over, they will throw that in a separate but open area that is open to everybody. kristen: i have seen that. like, 20 bags pushed to the corner, anyone can take it. and i don't think they compare your claim check when you're exiting, so there is that too. so you have come up with four points for us to remember that might help us out a little bit. kevin: yes. go directly to baggage claim after landing. if

southwest united delta, american spirit, jetblue and alaska all waiving fees and fair differences foreople who want to rebook travel experts say that consumers need to check the terms and the conditions for their carrier very carefully. they also say that passengers do have the right to ask the airline to book them on a different airline. if there are no options that meet their needs , and if the airline cancels the flight, consumers have the right to a full refund. and they just run through the list of potential flight cancelations tomorrow from chicago, potentially dallas, potentially new york. when you cancel flights that sends a ripple effect through the system, right so that that's one of the problems so san francisco we may not have weather to contend with their seattle and a little bit of weather. you're going to be dealing with the impacts of those, um you know, extended flights or those, um, other flights. okay so this is the blizzard zone here. this is tomorrow afternoon or tomorrow night. all through here is going to be cold, icy and windy through here. you're going to have

for delays and cancellations nationwide a growing list, including united, american, southwest, and jetblue already waiving rebooking fees for those flying through airports in the storm's path officials at chicago o'hare, a hub for united and american, have cots ready for stranded passengers. >> we're out there with trucks in place, just in case we start getting sleet today. >> reporter: adding to the chaos, british airways canceling flights overnight, blaming a now resolved technical issue. some passengers told they could be here up to four days this woman is five months pregnant and is concerned she may get caught in the storm. >> really worried. no one will help us. no one will talk to us can't get through on the phone. >> reporter: meanwhile, the vast majority, 102 million americans, are hitting the road that drive fueled by falling gas prices, down 18 cents from a year ago should they be traveling earlier to get to where they want to go for the holiday? >> if you have the flexibility to get in your car and leave earlier, try to do that this week >> all right maggie vespa joining us now

. >>> tonight, new details emerging from the emergency evacuation of a jetblue flight at join's jfk airportristmas eve. authorities say it was a phone charger that caused smoke in the cabin on a trip in barbados. 167 people were removed on an emergency slide. five suffering minor injuries. >>> and tonight, long island congressman-elect george santos is answering his critics and admitting he lied about his past. the republican says he never worked droektly at goldman sachs or citigroup, claiming he made a poor choice of words. he also admitted that he never graduated from college, despite previously claiming that he graduated in 2010. santos says he is determined to serve out his two-year term. >>> and when we come back, the dramatic rescue in the alps. hundreds work to save skiers buried after a massive avalanche. on the shelf like a porcelain doll. but one out of two women over 50 will suffer a fracture from osteoporosis. you should know you can build new bone with evenity® for postmenopausal women with osteoporosis at high risk for fracture. ask your doctor if you can do more than just sl

while major carriers like delta, jetblue and american together had fewer than 200 cancellations today, southwest had to cancel more than 2600 flights. >> look at this mess. everybody over here is pissed. >> i went to other airlines, and everybody is booked up. everybody is booked. i can't get out. >> reporter: southwest ceo releasing this statement tonight. >> we're doing everything we can to return to a normal operation, and please also hear that i'm truly sorry. large numbers of scheduled flights simultaneously froze as record bitter cold brought record challenges for all airlines. >> reporter: but the department of transportation says it's concerned about what it calls an unacceptable rate of cancellations and is looking whether those cancellations were within the airline's control. southwest also acknowledged the situation as unacceptable. the airline took the worst hit, in part, because winter weather impacted two major hubs in chicago and denver. but the southwest flight attendants union points to the airline using out-of-date technology to schedule crews. >> we had flight atten

thank you and terrifying moments for passengers on a jetblue flight landing at jfk airport in new york this weekend . the plane was evacuated as it was reaching the gate, all because of smoke coming from a phone charger. emergency exits were opened and slides were deployed. five people were injured. we turn now to renewed concerns about the security of the nation's electrical grid after more power substations were vandalized, knocking out power on christmas, and many customers are still in the dark this morning. here's a b cs derek dennis this morning new attacks highlighting the vulnerability of the u. s power grid on sunday. christmas day, three power stations in washington state were broken into two of them vandal. sized as a result, tacoma public utilities in puget sound energy reported. 14,000 customers were left in the dark officials posting a message urging customers to report outages think nothing of when you turn on a light switch. but whenever you haven't had power for a few days and turnout light switches . it means it's just everything. the attacks come after at least five

we are seeing that spread to the economy, jetblue said it is seen disappointing bookings and its stock get through the lagged effects of fed tightening and what that is on the economy. i follow daily job cuts.com. they do a great job. they have 105 smaller businesses for perspective. in november 1, '30 for the whole month. we are starting to see pain percolate through the economy and we will see a broadening and deepening of these. neil: when people look at the mountains and say they accurately reflect the degree to which we have been punished and factor in the punishment to come what do you make of that? >> it misses the point. markets are driven by one thing and one thing only lately. that is cheap money from the fed. that is, i've been in the margins 30 years and never seen an economic release get the kind of reaction like you got from the cpi today. no other release produced these wild movements we've seen in the market and that is because nobody cares about earnings, jobs, gdp, they only want the fed to pivot and cut rates. the joke is pick the companies and hope they go to hell b

the airlines, all the majors, united, delta, american, jetblue, issuing waivers so people can be madeflights. remember the busiest travel days, thursday, friday, and next tuesday. people at aaa are saying you better plan ahead. >> if you have a ticket for thursday, friday or saturday, the time to be preparing is now. you don't want to wait until the last minute when your flight is canceled or delayed to figure out plan b. >> reporter: you want to hit your airline's website or their apps to find out if you're eligible for a waiver, that means any fees would be waived. if you decide to cancel your trip and get a refund, if they offer you a voucher be sure to read the fine print, the devil is in the details. remember, a lot of waivers issued out there and a lot of cancellations. you can see blue out your window and still have your flight canceled. keep checking it. dave: thank you very much. that is the bad news, the weather. the good news is the markets, looks like a santa claus rally. 531 points to the plus side on the dow, 166 points on the nasdaq. a good day. delta air lines is rolli

coming up, jetblue, the former u.s. -- jack lew joining david westin right here on bloomberg televisioness owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >> this is the world took note as the bank of japan with its limits are .5%. surprised by the governor, mr. kuroda. he thinks i might be the start of something. 0 there is no data my

. >> reporter: some airlines including americans, southwest and jetblue, they are waiving flight changer flight is canceled by the airline experts say it's a good idea to ask about flight credits even if it was nonrefundable. we have a lull at the tsa line to get to the gates. let's head over to mike inouye who has a look at how to fill up before your trip. >> some of the areas you and kari were talking about, running out of gas could be life threatening. here it's just a hassle and we are grateful for that. these prices come from gas buddy. the arco in mill valley at the top of the screen, this is traveling through or out of the north bay, that's a good spot. in the south bay, 3.77. a lot of prices there. you can use a gift card at costco if somebody gives one to you, even if you are not a member. and castro valley, it's kind of high but it's the only price reported. >>> let's go to the roadways where we are looking at the castro valley and the fog off the benicia bridge. there's debris in the road here because of a flat tire. >> thanks, mike. >>> parts of the east bay started shaking

ahead of the potential problem they anticipate later on this week and airlines including american, jetblueand southwest, they're already offering travelers to go ahead and book different flights, likely maybe a day early or even a few hours earlier than what you previously scheduled to try and still get you home and get you to your destination prior to what we really are expecting to see these impacts we talked about and those below freezing temperatures and it'll move over the northwest into the plains into the northeast by the end of the week there and unfortunately experts say it might be time to not only think about but put that back up plan into place where that's buy ago second ticket, maybe flying to a different airport that may not be seeing as tough of impacts and download the fox weather app and keep monitoring that radar not just where you are and where you're headed but potentially where your airline is based out of to get a good idea of whether the delays and cancellations we're seeing more than 1,000 today and could trickle in and impact your flight, david. david: of all full

. >> some airlines, including american, southwest and jetblue are waiving flight change fees, and othersare offering waivers, and if your flight is canceled by the airline it's a good idea to ask about travel credits even if it's a nonrefundable fehr. it doesn't seem too chaotic and very orderly before -- what is today? thursday. three days before christmas. let's head over to mike inouye for more on who is going to be heading out for the holidays. >> looking over here, and we checked with our buddies at gas buddies, and we are starting with 3.49. it's the arco in mill valley. that's in the north bay. castro valley, 3.81, and that's over in the east bay. south bay, 3.77. check for gas buddy on what is closest to you. and then we are looking at green sensors, and the fog is called out by chp and by kari as well. fog in the north bay may affect folks heading to and across the benicia bridge. we are picking up a little volume and seeing more folks. back over to you. >> thanks, mike. >>> after a major earthquake shook humboldt -- >> the 3.3 magnitude centered east of union city. people say t

new this morning, authorities investigating after a fire erupted on a jetblue flight, forcing over 160 passengers to evacuate. it happened saturday night around 9:00 p.m. the plane was coming from barbados and landed at jfk airport. officials say the fire may have started due to a faulty electronic device, but they are working to figure out the exact cause. members of a local bay area band are recovering after their tour bus was totaled. it is also their mobile stage and their main source of income. as anser hassan tells us, they need help to get the music playing again. anser: this is not how members of the band hemorrhage were hoping to end their night. >> we just came from sacramento. now we are on our way home as we entered the freeway. some guy was going 60 or 80 miles per hour and hit as really hard. they dragged as. anser: john is the guitarist for hemorrhage. the crash happened early saturday morning in the soma district. nobody was seriously hurt. >> it was like slow motion. the next thing i know the next to me is not there. anser: he says the alleged driver that hit them was

you have some other airlines like jetblue and alaska trading lower in sympathy.bout it earlier in the hour, since the start of the week, the fact that you had all these cancellations from southwest airlines, all these passengers that are stranded across the country close to 11,000 flights have been canceled since last thursday that was according to flight aware as of this morning but here's -- we've got some sound from "nightly news" last night, pete buttigieg, the secretary of -- the treasury secretary of d.o.t., talking about this let's have a listen. >> we're going to have to take a deeper look at what's going on with their scheduling systems, other issues that may have contributed to this, because while we all understand that you can't control the weather, this is clearly crossed the line from what's an uncontrollable weather situation to something that is the airline's direct responsibility >> okay. says the woman with a 7-month-old who's still not sleeping at night. secretary of transportation pete buttigieg is whose sound byte we just played. going to have

>> everyone is trying to get their hands on things, as spirit/jetblue merger and acquisition.anes are difficult to come to because the market's there, as you can see from the traffic. the market wants to go they want to travel. a lot of pent-up demand. it's just getting the airplanes and the crews together to do that reliably. of course, we had a hiccup this past weekend >> gordon, happy new year. >> happy new year to you >>> still to come, the impact of severe weather on the energy grid the ceo of generac will join us. don't go away. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. the street." we want to get a check on bitcoin this morning, which is down a little bit again today. it's trading below 17,000. it's lost about two-thirds o

now several major airlines including american, jetblue, united and southwest are hoping to get a handle on the demand for travel and they are encouraging passengers to change their flights at no cost. they are offering them options to book their same flight for a different day, a different time or potentially to a different airport near their destination. now experts warn you may need a backup plan at this point if impacts start to trickle down. unfortunately as we approach later on this week they only expect those delays and cancellations to grow and all that system is going to move from the northwest through the plains into the northeast. it is just going to be a messy christmas unfortunately. it is about that time to start looking at the backup plan and potentially take action on it. >> bill: 21st is tomorrow, right? so we'll be in the season then. nicole, nice to see you in nashville. thank you. >> dana: fox news alert a magnitude 6.4 earthquake rattling california early this morning and leaving thousands without power. we have the latest. tell us more, claudia. >> i can tell you th

congress passed something like this was that time where people got stuck on a plane for eight hours on a jetblueengers bill of rights and you cannot be stuck one or two hours but go back to the gate. what happen in this congress or should happen nancy mace had there will be a hearing, mary cantwell and these hearings should lead to legislation were conch it, congress says if you do what southwest has done to their passengers we will pass a law to hold these airlines accountable that allows gives the secretary the authority to fine them and get this money back to the consumers, period. >> katie: i guess pete buttigieg gets credit for showing up to work when m.i.a. was shipping containers stuck offshore and m.i.a. real strike and import culture go on vacation. >> joey: he gets credit for being the least competent person with a level cabinet position in a cabinet full of people pretty incompetent at least through the president. what richard is saying isn't wrong. i would congress know to pass the law if the transportation secretary isn't putting reports out explaining the problem? you are actually

. >> a fire on a jetblue fight. >> the captain came flying out of the cabin and was doing like an o.jsimpson over the seat and passengers. the guy was amazing and put the fire out. >> reporter: jet blue said the flight was evacuated during to the malfunctioning of a passenger's defective device or battery. >>> meanwhile in arizona a judge has rejected republican gubernatorial candidate carrie lake's lawsuit. the judge said there wasn't clear evidence of misconduct and affirmed the victory of democratic-elect hobbs. lake holost to hobbs by about 17,000 votes. she built her candidacy on former president trump's lies in the 2020 election. and hundreds of serving santas braved the water despite unseasonably cold temperatures on christmas eve. the santas hold this event to raise money for two charities. they have it every year. one of these charities helps people with transportation costs when they're trying to go to these cancer treatments and another helps preserve the history of surfing on the east coast. i'll see you back at 25 minutes past the hour. now back to boris and amara. >>> st

step, looks like what elizabeth warren is telegraphing is blocking the merger of spirit airlines and jetblue. is that really the solution? i don't know. but pete buttigieg it serves him. edward: i want to ask but the poll, fox news recent polling comes out. 23% of people feel like 2022 was a good year for the president. if you ask the administration it was a fantastic year. you heard jacqui heinrich lay out all the things president believe hes done. 23% say good year for americans. is the president out of the touch? >> the fact he is vacationing in the cared bean signing over $2 trillion of our money is the main issue. biden says inflation is abating. it is three times the benchmark what the fed wants. the federal reserve made very clearth not longer enabling this madness. can you take on an extra $10 in debt when interest rates artificially kept at zero, when the fed is doing massive quantitative easing experiment? sure. that experiment is done. fed shrinking money supply 1% first time in modern history, right? interest rates almost at 5%. they are going to stay there the fed repredicts int

plus, the passengers forced to evacuate a jetblue plane using the emergency slide, after a phone chargerernight, new attacks on the power grid. thousands losing power in washington state on christmas

but why are those shares down today, phil what is it about the outlook for the airlines >> it was jetblue'shat guidance saying they've seen a little weakness in the revenue translates into demand you combine that with some of the commentary and the reports from spirit as well as from a couple other airlines in the last few days that has people saying, wait a second, are we seeing a drop-off in demand? i should tell you, everybody else that we've talked to within the industry is saying we see strong demand going well into 2023 but all it takes is one or two airlines saying, we're not crazy about what we're seeing right now, and that has spooked investors. >> jet bblue down about 10%, dea down as well phil, thank you very much. >> you bet >> phil lebeau in charleston today. >>> coming up, shares of this payment company are up more than 23% over the past few months, and piper sandler sees more than a 30% upside from here the name and why coming up next. if your company actually practices the values that it posts about, then, yeah... you're on team earth. ...comes the legendary cat with 9 lives

jetblue had the tie-up in 2007 that led to the dismissal of the ceo, and it wasn't anywhere close to we've talked about layoffs in the tech sector but for those who lose their jobs, they find them again pretty quickly according to a new study from zip recruiter published in "the wall street journal" this morning. 79% of those laid off in high tech find a new job within three months. 4 in 10 found a new job in less than one month. while we see layoffs in tech, it's not reflected in the broader market. we're still 3.7% unemployment near record lows. as for that china news, china says visitors to the country will not have to go through a severe quarantine to determine if they have covid. they still have to test. considering china has been closed off to foreigners for years that's big news and has investors united. jinping's government eased off restrictions. bottom line these protests work. that's a lesson the average chinese may take to heart. we talked about that idea that china has been forever changed by this in our latest he soaped of the podcast sand hill road. do understand that

sliding today in a broad loop lower for travel stock american airlines, united, southwest, delta, jetblueelling off. southwest saying earlier today reinstate quarterly dividends after suspending it beginning of pandemic and ceo last hour said on cnbc demand looks strong. bring in senior analyst for the airlines at cowen. mouch of the boom that we are seeing in this industry is is already reflected in the price >> hi, sara. i think none of it is, frankly, because stocks are back to march 2020 levels for the most part and yet to bob's point earlier today at investor day he talked about the strong demand at the fact they think they'll get back to 2019 revenues in 2023 in our forecast for most airlines is to get most of the way back, at least 90% or more back so the fact that the stocks are trading the way they are is disappointing number one number two, i think it really reflects concerns about a recession and that demand turning down airline traffic is always good until it's bad you don't really see it coming that much. you don't see the downturn coming, and i thought with the dividend rein