and i suspect that the united board said, look, this is a good time for us to transition, have scott kirbyound at least for a year as executive chairman and hopefully we can have a smooth transition. >> this settles it for where kirby goes there's nothing above this, phil >> right, right. right. look, i'm sure there will be people who will say, look, american didn't reach out to scott kirby. we don't know that american was going to hire scott kirby. the numbers speak for themselves over the last couple of years. united is performing much better than it did in the past. and if you were not american, maybe you're a different airline. at some point you might be saying who is the best person out there for us to straighten things out if we're not doing well it's a pretty short list in the airline industry, and scott kirby is at the top of that list >> investors are going to say united is up 50% the last two years, american is down. we like oscar. why is he leaving? and i think an obvious question that's going to get asked is, is this health related? i mention that because oscar had a serious he

right before scott kirby is echeduled toe ceo.hil lebeau "nightlrtbusiness re chicago. >>> a choppy day of trading on wall street. esocks finished little changed irs looked ahead to tomorrow's employment report and triedo make sse of the latest headlines on trade which we'll get to later in the program.the dow jones industriae was up 28 points to 27677. the nasdaq andhe s&p 500 both rose 4. >>> there wasrama in vienna austria where opec members met earlier today. the oil cartel was widely increase productiots.intain or and then make the announcement ring the traditional press tconference. one of that happened. the meeting did not end when and the press conference was abruptly cancelled. brian sullivan filed this report from vienna. >> reporter: it has been a day of surprises here in vienna, austria, at opec headquarters where it was supposed to be a relative quick binnual meeting where they contended cuts of $2.1 million barrels a day. past 10:00 p.m. local time, the ministers are inside the headquarters and they just cancelled th

you might be saying, who is scott kirby scott kirby is viewed as the best structure, route performs,rowing profit margins, growing revenues in the airline industry hands down he has long been viewed that way when he was at america west then u.s. air then american airlines, he was doug parker's right-hand man. united brought him over if 2016 and he has been the architect behind the rebound over the last two years. remember guy, he said at the end of 2018, we will add 4% capacity in '18, '19, '20 everybody said, no, terrible move guess, what it has paid off in spades for united airlines, they have boosted their revenue, boosted their profit margins kirby is by all accounts, he is the person to watch in the airline industry so from united's perspective, it was time to bump him up to that ceo job. oscar becomes executive chairman in may he stays in that role a year oscar munoz can take a bit of a victory lap here jim, you talked to him a number of times they were in bad shape in 2015 >> that is not the case anymore. >> that is largely due to oscar munoz the moves he made as ceo and in pa

scott kirby has been a man in demand in the airline industry for some time.that plays a role in the decision as well although nobody will come out and publicly say that. oscar munoz is going to be leaving the ceo in may of next year he is going to be elevated up to the role of executive chairman he'll serve that for one year, starting in may of next year scott kirby will become ceo. now he has been president at united since 2016. that's when munoz hired him from american why did munoz bring him over because kirby is widely regarded in the airline industry has the best operator. boost profit margins and that's what's happened with united over the last two years as they've added 4 to 6% capacity in 2018 and 2019 they raised their earnings guidance in october so the bottom line is this, tyler, while nobody will say that american, kirby's old employer, was interested in bringing him back as ceo, those rumors have been b swirling, and now you have scott kirby being ceo in may. >> all right phil, thank you very much and the president we're going to go to the white

oscar munoz, the latest exec stepping down in a busy week of top level shakeups united president scott kirby set to take his place. phil lebeau in chicago with more >> hey, scott, a move that doesn't come as a huge surprise in the airline industry. look, oscar munoz when he hired scott kirby in 2016 most everybody said look it's a matter of time before oscar munoz once he rights the ship is going to say i'm turning over the reins. munn ohs mofz up to executive chairman and kirby to ceo. this brings up the game plan for united it's the same we have seen since he came to united. it's a pretty simple formula that has paid off. he is he is adding 4% to 6% capacity in 2018 this year he will do it again next year. that means more flights here in the u.s. going through the hubs particularly denver, chicago, houston. that grows revenue the margins grow with that and guess what else grows. earnings take a look at united versus the biggest competitors over the last couple of years no comparison. they're up 40% over the last couple of years. yes it's been relatively flat this year. but the entire indus

you tweeted out your overwhelming support, it is fair to say, for scott kirby, the new ceo. >> yes evenwe have to give oscar credit for overseeing an amazing management and board transformation at this company now, to have scott kirby, who is not only one of the best executives in the airline industry, but i'd say he's one of the top three ceos in any industry we cover. he is an exciting and fantastic new ceo of the business. as owners, we could not be more thrilled with zoscott at the he. >> he could have gone to other airlines was this make him ceo now, don't let him out the door. >> if you have steph curry on your team, make sure steph doesn't go to your opponent. >> free agency is tough, even in the airline business expedia, talking about changes there at the top two top executives out you said you were -- you're in favor of this move >> yeah. listen, business is tough. at a personal level, i'm fans of mark and alan. i'm friends with mark and alan the reality on the ground is the company hasn't performed the board took steps we think is important to put new leadership in place. >> a

. >> scott kirby has president of the airline since hired by munoz to come over to american, where he president, come to united and essential fix the route knelt work this is essential an underperforming airline. under kirby that has changed dramatically he said, look we're going to at 4% to 6% capacity, more flights here in smaller cities in the united states going through the hubs of united that will produce efficiency, generate greater revenue, and that strategy has paid off, scot scott. oscar munoz is going to move into the executive chairman role starting in may. he'll stay there for a year. this is essential a case where they believe this is the right time to make this transition, eye specially as they get ready for the next three-year period where they'll outline the growth plan, but make no mistakes, guy, mr. kirby is a man in demand there had been rumors circulating that as american as struggled, perhaps they might look at trying to bring him back to america years ago. you used to have flight attendants saying, i don't like united. >> i heard that myself, phil. >> oscar munoz

parker as ceo >> after a while you make a bad chess move scott kirby is a star. he's shown what he can do. he's the turned the juice on oscar was a smart guy for snag him when he could. >> gordon, will mr. kirby be annoyed oscar munoz is sticking around as executive chairman it's still sort of like checking in on your junior to make sure he's doing the right thing if he's getting the job why not give him the job in full >> i think it's a compromise i know scott pretty well he's not hrchafing at the bit oscar has earned the respect both of those guys are mature and get it >> you nighted airlines stock has been relatively flat in the last three month, down 2%. what do you think is the lowest hanging fruit that mr. kirby could sort of attack to add value to the shares? >> well, he's been adding value as you see like even hubs like in houston are really strong, staff with professionals their on time performance, quality of their product, and quite frankly the amount of revenue they get has climbed under scott's stewardship. that will continue and continue to compete h

scott kirby who came from american airlines three years ago.sten to this, united is in a stronger position than ever. if you recall he had a heart transplant three years ago. from the land of retail, there is the stock down half a percent. from the land of retail, the owner of the gucci brand is in talks to buy high-end snow wear maker from italy, montclair for $1 billion. a highly profitable company. a big target in the retail industry. gucci is higher on the news. the company declining to comment to us about this possible deal. back to you. david: good to see you, gerri, thank you very much. >> thank you. david: billionaire steve cohen is in talks to buy majority of the new york mets? former miami marlins president dave sampson on another billionaire looking to take control of a franchise in new york. it is not entire control. he will own 80% if he successful but what do you think about this, steve? it has been kind of a joint ownership. the wilpon family had a stake in the mets for 40 years now. they will pull out. but having ownership by 80

we'll get an update from steve dick son >> a great get you going to get scott kirby on here >> will you>> do you have some questions for him? >> i do. we just want him on the show get the relationship going and everything else. >> sure. >> you'll work on that >> we are working on it. i have a menu pad here what does joe want >> great with steve dickson, congress has some tough questions he's the new guy he wasn't there for any of this. former air force pilot, former delta pilot. he's the new guy coming in to clean it up. >> correct he's not somebody they'll turn around and say why did you make that decision? he's a fresh set of eyes when you talk with people here in washington, that makes had imappealing. he does not come in with sacred cows where he says, no, no, no we can't change that he's coming into this job saying, okay, what works what doesn't work? what are we going to fix so that the faa retains the status it has had for decades when it comes to aircraft safety he wants to make sure that happens under his watch with the faa. under this report, this gets to that will we create a

directors stepping down as ceo changes take place following annual shareholder meeting in 2020 scott kirbyk to impeachment hearing for a second what i find extraordinary all this conversation, about this phone call with the president of ukraine, suggesting that president trump is trying to enlist help from foreigners in the election, in his election no comment about whatsoevers hillary clinton paid for dossier, dossier written in russia to undo donald trump so i mean, once again, it is exactly what the other side did they are saying donald trump is doing. >> well if we had more time as republicans you only get five minutes you have to kind of focus what thoughts are going to be one of the things i wanted to ask three democratic witnesses so you are saying a phone call asking a foreign leader to investigate corruption by american citizen is an impeachable offense then you believe that hunter biden, joe biden should have been impeached for their cut he admitted to on national television, of course, you only have five minutes can't get into a lot of details the chairman had 45 minutes with st

scott kirby is stepping in. know why he's stepping in?f you didn't get the ceo job, a lot of market rumors said he was going to move to united -- american airlines. stuart: he's supposed to be popular. united airlines for you. now then, speaker pelosi announcing that articles of impeachment would be filed, will be drafted, as i put it. republicans in the senate united, so is this all just a waste of time? two republican senators coming up on this show in the next couple of hours. >>> then we have elizabeth warren. she wants a bill that would reverse major corporate mergers going back over the last two decades. can you do that constitutionally? we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. . . my body is truly powerful. i have

talk about it with john kirby who served the state department and republican strategist scott jenningsmnist for "usa today." admiral kirby, is this how diplomacy is supposed to work? >> no. most decidedly not, anderson. two things count for a lot in diplomacy, accountability and alignment. if this is accurate, giuliani is out there meeting with maduro, trying to negotiate a deal, basically a regime change for his departure. not in alignment with venezuela. and of course the other thing is mr. giuliani's not accountable to the american people, to the congress, or to the state department for his actions. he's accountable to only one person, donald trump, and that means that he's undercutting u.s. foreign policy at a very critical time in a very important part of the world. >> kiersten, i guess the president can have emissaries outside the usual chain. we've seen that with envoys and stuff. usually that's in a public role and public position. they are usually trying to advance what is actually u.s. policy. >> right. well, you know, so this is similar to ukraine in a lot of ways as you poi