for "cbs this morning," peter greenberg, new orleans. >> well you knew peter greenberg was going to findeed. >> you know what my favorite thing about new orleans has been one of my favorites, the bin yeah. >> i thought i heard you say you're not going to eat as many today as you did. >> i'm cutting down. four the first day, one yesterday. i think i'm done. i'm -- >> you know what's great about the city is how these people feel such pride for what is happening here. >> exactly. a renaissance, exactly. >>> coming up the super dome and the city have come a long way since hurricane katrina. this morning we're going to go behind the scenes to show how this legendary stadium was actually rebuilt and we'll talk with patriots owner bob craft about winning the last super bowl held in new orleans. that's coming up on "cbs this morning." >>> coming up, the super dome morning." dare to create all kinds of drama. new revlon photoready™ primer and shadow add sparkle or use wet. so you can create whatever eye you're in the mood for. dare to be revlon. [ lane ] do you ever feel like you're growing old w

peter greenberg is with us this morning. first let me ask you about this ceo of carnival. some critics say he's not done enough. will he take some blame for t this? >> he probably will. mickey arison, he went to a basketball game the other night. the ceo kept a low profile after the "costa concordia" more than a year ago. it will be interesting to see how much he'll take from this. >> keep in mind you've got over 3,000 passengers on a ship. many have cell phones. they're citizen journalists. they're going to begin to share those photos worldwide. >> tell us what the passengers' rights are in this situation. >> remember, when it came into port, it was not only meant by the u.s. public health service, coast guard, a few officiaoffic there may be lawyers on board. they have to prove those damages. obviously their trip was interrupted, canceled. they didn't get what they wanted. carnival attempted to give them a full refund of everything they did and what they bought except for the gift shop and the casino and just yesterday they threw in an additional $500 and free cruise shi

travel editor peter greenberg is with us this morning.orning, peter. >> good morning. >> how bad? >> you have 150 facilities that could be closed just based on the number of operations every year. you have another 60 towers in this country where they're going get rid of the your night shifts so you're going to stop shifts at a certain hour of the day. >> this is because of the automatic spending cuts. everybody is taking a hair cut and $600 million for the faa. are these, though just scare tactics or can the faa move around money so there won't be these distractions? >> they can't move around money. the big airports will be operating but the problem is will the pilots get their push back from the tower and get direction from the air traffic controllers. if it's going to go beyond 90 minutes, they're going to say, let's just cancel the trip. >> what do you do? >> you heard the reporter say bring a book. bring two. there are going to be angry people. >> do you think lit compromise safety? >> not at all. it's going to be slower operations. i

we'll hear from peter greenberg.e much more from the red carpet at last night's academy awards. that's the "cbs morning news" for this monday. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >> your realtime captioner: linda marie macdonald >>> good morning. it's monday, february 25. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. you're pretty happy when you said that. >> i was being sarcastic. >> were you? >> i think we all have an oscar hangover. >> i didn't see it. >> i know. i know. >> i missed the whole thing. but i heard that "argo" won. >> it did. >> did i just ruin the whole newscast. >> no. [ laughter ] >>> around the bay area today we are expecting sunshine, patchy fog and high clouds. temperatures in the 30s and 50s. we cost some 70s coming up. we'll tell you when. >> on this post-oscar monday, some people are getting out of work or heading off to work he recalled. here's a live look at the golden gate bridge. things are light. i have a list of overn

peter greenberg is in las vegas. peter goorksd morning. what's the significance if this happens? >> you said it, charlie. an a valuation of about $10 billion. the only thing that's unresolved right now is the final hierarchy of the corporate board as well as the executive officers of the newly merged airline. >> passengers are saying this doesn't sound like a bigger deal for me, a bigger airline. how does it end up for passengers. >> bigger airlines don't stay bigger for that much longer. they tend to cut capacity and routes, especially domestically, and go for higher yielding international routes. look for that to happen. the real bottom line is whether the unions are going to get along. remember, they signed secret deals with us airways. the pilots have already met with others. flight attendants have met with flight attendants to work out seniority issues. this could happen very quickly. >> peter, what happens if this deal doesn't go forward? what happens if it falls through and what does it mean for americans? >> well, remember, americans have always taken the position that th

cbs news travel editor peter greenberg is in las vegas. peter, good morning. what's the significance of this deal, if it happens? >> well, you said it charlie, the world's largest airline with a market valuation of about $10 billion, it will still be called american airlines. it will still be based in dallas. the only thing unresolved is the final hierarchy of the corporate board as well as the executive officers of the newly merged airline. >> peter passengers out there are saying this doesn't sound like a good deal for me a bigger airline. how does it end up for passengers? >> well, it is going to be a bigger airline but remember history tells us that bigger airlineless don't stay bigger for that much longer. they tend to cut capacity they tend to cut roots domestically and go for higher yielding international routes so look for that to happen and the real bottom line here now is whether the unions are going to get along. remember they signed secret deals with u.s. airways, they wanted to work with them as well. the pilots already met with each other, meanin

cbs news travel editor peter greenberg is with us from abu dhabi. let me ask you about the ceo of carnival, some critics say he's not done enough. will he take some blame for this? >> he probably will. he's maintained a low profile, always maintained a low profile. he went to a basketball game two nights ago. he's also the ceo who kept a low profile after the "costa concordia" incident more than a year ago. it remains to be seen how much heat he takes from this. >> do you think carnival handled this well? >> it's a story they can't get ahead of. keep in mind over 3,000 passengers on a ship many cell phones, citizen journalists. they'll start to share the photos worldwide now. >> peter, talk about what the passenger rights are in this situation. >> well, remember when this ship came into port it was not only met by the u.s. public health service, the coast guard, their own officials, there may have been a few lawyers on the dock. there may be claims made for emotional distress from physical damage but the real challenge for the passengers in this cas

american's ceo tom horton told "cbs this morning's" travel editor peter greenberg last month that a merger was the only way to prevent collapse. >> you've got to move fast in this business and it's time for our company to start looking forward. >> reporter: four airlines would control 70% of the market. that has some concerned about the impact it will have on travelers. >> they say it isn't going to raise ticket prices. i don't believe that one bit. >> reporter: after delta bought northwest, the decreased competition sent ticket prices up more than 20% between minneapolis-st. paul and atlanta. and 30% between chicago and houston and newark and san francisco. consultant daryl jenkins says the battle between the big three may lead to a price war benefiting consumers. >> consumers are going to have a lot of choice. you're going to see fares moderated because of the amount of competition here. >> reporter: air travelers have a lot of other choices like jetblue and southwest. regulators are likely to approve the merger as long as they feel some level of competency is concerned in areas where th

peter greenberg is in mexico city with more. good morning. >> reporter: good morning. in not good shape in terms of the comforts on board. no imminent danger of sea-worthiness problems. when the fire started, the fire suppression system on the ship really worked well. what it does is it completely floods the engine compartment with chemicals that starve the fire. so the good news is the fire is out. that's what the captain was worried about the most. fire at sea. no fire danger. go ahead -- >> i think most people are worried about what's happening to the passengers, not the ship. clearly that's going to have to be towed to port. people are fighting over food and toilets. how deplorable are the conditions? >> you've got no electricity, no ventilation, no air conditioning, no refrigeration. the waste management system is powered by electrical, as well. you know what that means in terms of the toilets. if you're on an inside middle cabin, you've taken your mattress out on the deck, you're sleeping outside. it's not a pretty picture at all. here's the other thing, how long

american's ceo tom horton told "cbs this morning" travel editor peter greenberg last month that merging was the only way to prevent collapse. >> you've got to move fast in this business and time for our companies to start looking forward. >> reporter: four airlines will control 70% of the u.s. market that has some analysts concerned about the impact that will have on travelers. >> even though people say that this particular merger of u.s. airways and american airlines isn't going to raise ticket prices, i don't believe that one bit. >> reporter: after delta bought northwest, the decreased competition sent ticket prices up more than 20% between minneapolis-st. paul and atlanta. the united/continental deal resulted in 30% price increases between chicago and houston and newark and san francisco. the consultant daryl jenkins says the battle between the new big three may actually lead to a price war, benefiting consumers. >> consumers are going to have a lot of choice. we're going to see fares being moderate the because of the amount of competition. >> reporter: air travelers have other choi

morgan stanley retail analyst kimberly greenberger and peter king, senior research analyst at piper jaffraye to this from different places. kimberly, let's talk about some of the high end stuff that you think is working. and then we'll talk about some of the lower end stuff. we're going to put walmart probably in that lower end category. kimberly, what is working for you right now? >> the market has been incredibly robust and in fact through the holiday season the hand bag market was the single best growing market in the soft line space. we also look at the intimate apparel category. victoria's secret which is hosting very nice numbers. a couple of ways to play that theme, coach, and also limited brands. >> so, you look at -- to the extend that you care about walmart's earnings this morning, you think what as a result of them? >> well, we are cautious in general on retail this year and we downgraded the sector. the retail sector at morgan stanley to cautious early in january. the payroll tax increase we think is going to be a significant headwind for retailers this year. unfortunately the b