or more this week for more on the impact on travelers and investor ace like, let's welcome in leslie joseph and patrick shoelz welcome to both of you leslie, is this nightmare almost over >> it doesn't look like it so southwest has canceled more than 60% of its flights tomorrow, another 58%, accounting for 99% of all of the cancellations in the u.s what that means is that every other airline is getting back on their feet, but southwest still struggling so that means tens of thousands of passengers, kind of the snowball effect, are impacted, stranded at airports around the country, very few options, of course, this is still the holiday period, so seats are pretty hard come by, still >> is it true that this was a failure of their internal systems that amounted to the kind of internal systems that make us go, hey, maybe ours aren't so bad. why are those so antiquated? what happened here >> when things go well, everything is fine you know, flight attendants, pilots, when things go wrong, they can rebook themselves on other flights, get hotels so the operation continues to run smoothly an issue

we appreciate our leslie joseph for the latest on southwest skee cancellations, head over to cnbc.com still ahead, elon musk telling employees not to be bothered by the stock market craziness, but it might be pretty hard to do. shares from gone from 403 to 108 this year. market cap, $1.2 trillion in january, now $376 billion. what the slide could mean for the whole ev industry. we've got those implications next ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. >>> tesla springing back today despite a price target cut from one of the most bullish analysts on wall street morgan stanley's adam jonas cutting his price target jonas acknowledges that 2023 will be a reset year for the ev market as supply start

our leslie joseph covers this sector. >> remember, erbilier this week, the ceo, bob jordan said we'll be flying about a third of our schedule to try to get the operations back on tracks, get planes where they need to do, flight attendants, pilots, because everything was in diagnose -- disarray very we don't know what's going to happen tomorrow and the next day. there is a chance it does get worse. they have a lot of people to get home there are people tranned in airports pretty much across the country. people in mexico and caribbean have reached out to explain their story, so this isn't something that southwest can clean up quickly, but they're hoping to. >> it's such a disaster. leslie, thank you. keep us posted >>> up next, dan arieli discusses his new corporate consul culture etf we'll explain what we come back. - life is uncertain. everyday pressures can feel overwhelming it's okay to feel stressed, anxious, worried, or frustrated. it's normal. with calhope's free and secure mental health resources, it's easy to get the help you and your loved ones need when you need it the most.

impacting the surge in travel ahead of the christmas weekend leslie josephs joins us.ot safe that are slowing everything down in what is supposed to be the busiest time >> i was going to say ultimately does it impact the airlines financially when something this big and widespread happens >> it absolutely does.e■ airlines had a pretty ea of it with thanksgiving and di$ a few victory laps there but motherÑ■ nature had other plans in store for christmas time and youe■ could alb?%q■ rem the store winter storm 8k because come xd■anuary, we're Ñ■ give af■#■w previews for earning which come out in the middle of january and this is going to come up and what it costs them to move thesexd■planes around. cancel and reaccommodate as man■ passengers as possible and christmas, you know, that's a set date, andr■ lot of people, if their flight is delayed two çp em1 people are asking themselves is it worth it to continue on the trip airlines might be on the hub for refunds asx■ well. those things will be outlinedçó■ probably midor or early in january. >> good luck with your own travel

. >>> now to the flight cancellations by southwest airlines let's talk about it with leslie joseph leslieto talk about what is going on here. a lot of folks don't know. there is con fflation of issues. is this operational or something else >> it is operational pretty much everything that could go wrong went wrong. the massive storm last week. every airline suffering from alaska and seattle and portland with issues. it is coast to coast of the denver, chicago, new york, washington, d.c. issues all over the country. southwest had more problems than other airlines crews were out of place. one by one, the systems seemed to breakdown at southwest. labor shortages with denver and crews and pilots and flight attendants were unable to rebook on other flights to get hotels and position p themselves it cascaded to the mess we see today. southwest says it will take days to get the operation cleared out. this is the busiest travel time. >> i get that. by the way, i had my own prevails we were talking about it i was canceled out of vancouver. drove five hours to seattle and took alaska airlines to sal

morning as transportation secretary pete buttigieg vows to hold the airline accountable cnbcer leslie josephry for us. walk us through where we're at some of the images in the last hours of luggage dumped on tarmacs, something like 11,000 flights canceled since thursday. are we through the worst of it yet with southwest >> we are not. these disruptions are actually snowballing. southwest has canceled about two-thirds of its flights for today. there's another about 58% that are canceled for tomorrow going into new year's eve. they do expect things to stabilize. you have tens of thousands of travelers all around the country stranded people are trying to get home after christmas, and the options are limited. sometimes you think, i'm desperate, i'll book a flight on another airline. there aren't a lot of seats available. the fares have been sky high the transportation secretary has been urging airlines to cap fares and we've heard from delta, united and american saying they are doing that at least in select markets, if not more, for any traveler that has been affected by southwest that's somethi