it reported a wider than expected loss of $7.50 we will speak with scott kirby, the ceo, coming up in the 8:00 hour take a look at the "squawk stack" this morning. a lot of things to check out guys, do you remember one year ago today? it was when oil prices actually went negative. a long road we have come since then wti now back at $64 a barrel >> exactly a year? >> a year ago today. >> that's a good one >> a year ago today, we saw with the contract that was expiring at one point oil was given away at $40 the huge drop off. what a long way we have come back $64. >> at least nothing weird happens anymore. a headline, max mentioned to mow, on dogecoin it is in here. you know, the "squawk stack" with gme in there. we are trying to get our pulse on the wackiness of retail everything in the environment we're in the journal has a great piece. it is up $8,000. dogecoin started as a joke the headline was dogecoin soaring to $8,000 on pot-futured rally. we have marijuana in there because today is 4/20. they are trying to get it to $1 because some elon musk 4/20. things are crazy that is why we

. >> reporter: in an exclusive interview with cbs news, the united ceo scott kirby is announcing a new effort to bring balance to the flight back. >> we are excited to have united announce the united aviation committee to address the make-up of our pilots. >> reporter: they will enroll 5,000 new pilots by decade's end and at least half being women or minorities and scholarships can be applied for separately. smith, one of the applicants, toured the flight deck can captain shave. >> it allows me to believe i can one day become a professional pilot. >> reporter: aviation dreams coming true for girls. >>> coming up on kpix 5 news bay area, an incentive to travel. >>> and today on >>> at 5:00, a group of local fire experts describing the up coming wildfire season as grim. the ominous outlook at 5:00. one last look at weather with darren. >>> well, the day will work out quite nicely. we have more sunshine showing up for the bay area as a whole since yesterday at this time. if you look at the numbers, 72 for the day time high by the time we get to the top of this for the afternoon. that will

. >> reporter: in an exclusive interview with csu news, scott kirby is announcing a new effort to bring balance to the flight deck. >> we're excited for united to be announcing the united aviation academy to to address issues with the makeup of our pilots . >> reporter: the academy aims to enroll 5000 new pilots by decade's end with the benchmark that have will be women or minorities . scholarships can be applied for separately. smith, an if the eight program apical plant, sat in the flight deck with captain schafer. >> it allows me to know and see that one day, i can become a professional pilot. >> reporter: fuel for young girls' aviation dreams. harold barnett, houston. >> currently, 7% of united airline pilots are women . the company says that is one of the highest in the industry. 13% of its pilotsts are people of coloror. >>>>> southwhwest airlinines ha recalled over 200 0 pilolots f voluluntary extetended leavave program. thisis is airlines appeararing recovery and travel demand, as more americans get vaccinated. pilots will return to active status on june 1st. then, they will com

. >> in an exclusive interview with cbs news, united ceo scott kirby is announcing a new effort to bring to the flight deck. >> proud to announce that the united aviation academy to address the makeup of our structural issues with the makeup of our pilots. >> only 7% of united airline pilots are female. only 13% aren't white. okay. but why exactly should we care about those numbers? an airline pilot's job is to land the plane safely. everything else is irrelevant. if 100% of united airlines pilots were black women, or malaysian muslims come up for that matter white men from m alabama, not a single sane person would complain about it as long as the airplanes didn't crash. safety is all that matters pretty but you notice that the ceo of united didn't mention safety. safety is no longer the airlines top concern, the politics is. they don'tey dispute that characterization. in statements to the show two hours ago, they were ready disputed it. they are lying. we know they are lying and you know it too because in the airline business thereat is only one standard that matters and it is not race

month, down a couple days in the road, but it's very sensitive to commentary on earnings we had scott kirby on early, very enthusiastic about consumer travel, but the overall guidance was not terribly exciting. elsewhere, dow movers, a lot of earnings out, johnson & johnson, they narrowed their guidance, that was good. ibm is always a fairly low bar to get over, frankly, but they did all right. they affirmed their full-year guidance boeing had big management ann announcement the cfo is leaving nighti had a down grade from citi citigroup. nobody has come out and set we don't have any visibility. dover, one of the big global industrial companies talked about improving demand conditions that's the magic work. lockheed gave slightly higher guidance, though it's not moving the stock. united, philip morris, harley-davidson the other day raised guidance, so there really a lot of concern about the two-day drop not really, you can see it in the vix. we are at 16, 16 1/2, now just a bit higher that's not much. believe me in the last few days not a lot panic. we're peak earnings growth, we are at peak

. >> an exclusive interview with as he gets news, scott kirby is announcing a new effort to bring balanceflight deck. >> were exciting stomach excited to address the structural issues with the makeup of our pilots. >> tucker: only 7% of united airlines pilots are female, only 13% aren't white. okay. why exactly should we care about those numbers? an airline pilot's job is to land the plane safely. everything else is irrelevant. if 100% of united airlines pilots were black, women or malaysian muslims, or white men from alabama -- not a single sane person would complain about it as long as the airplanes didn't crash. a safety is all that matters. you'll notice the ceo of united didn't mention safety as a top concern, identity politics is. they will dispute that characterization, of course, they already have disputed it. united airlines will continue to uphold its high standards, they told us. they are lying. we know they are lying, you know what to get in the airline business, there's only one standard that matters, it's not race, it's not gender, its confidence. the way people look is tota

scott kirby at united air is on a call talking about the fact he sees business travel likely to returnnuary. what is the potential, the long-term potential for banks traduced -- for banks to reduce cost as the pandemic. andrew: i'm not convinced that would be such a large cost, a good thing for their target, to reduce their own carbon footprints. it would help cost a little bit. i would not have said it was a material in 2020. i am interested from reducing their carbon footprint, but really for the banks. they need to look at the carbon footprint of their lending portfolios. that is where they can make the biggest difference. the emissions are almost insignificant versus the emissions from their lending portfolio. guy: baby i'm looking at it from the point of view of the airlines -- maybe i am looking at it from the point of view of the airlines. at some point appliance need to be visited -- at some point appliance need to be visited -- at some point clients need to be visited. european equity markets are done for the day. banks had a fairly good day, as do the travel and leisure secto

and july 13th at 12 pm, mull have scott kirby, the chief executive officer of united airlines. please watch your inbox four invitations to additional of coming events. and now it's my pleasure to welcome jerome powell, to our conversation. thank you very much for being here chairman powell. >> thanks david, great to be here. >> so let me again start by talking about the state of the economy, your public statements today in recent interviews makes it sound like you feel the economy is in reasonable shape to go forward from here and you are expecting growth of five to 6% this year, is that correct announcement of your views? >> generally, yes. i would say that the economy at this point does seem to be in a bit of an inflation point and that makes sense with ever more widespread vaccinations, with strong fiscal policy, would continue support for monetary policy. you see the economy opening, you can see ridership on airplanes going up and people going back to restaurants. i think the march jobs report that we recently got shows wet that can look like, which was close to 1 million j

we will havet scott kirby chief officer of united airlines. please watch your invitations for additional upcoming events. and now it is my pleasure to welcome jerome powell,wa j powel to our conversation. thank you. >> great to be here. let me begin by talking about the state of the economy and public statements today in recent interviews make it sound like you feel the economy is in reasonable shape from here and your exciting growth of five or 6% this year, is that a correct announcement of your views? >> general, yes. i would say that the economy at this point does seem to be at a bit of an inflection point and that makes sense with ever more widespread vaccinations with strong fiscal policy and with continued support for monetary policy and you see the economy opening and you can see ridership on airplanes going up and people going back to restaurants and i think the march jobs report that we recently got shows what that can look likea which was close to 1 million jobs in a month so i think we are going into a time of grower height job cre

. >> reporter: in an exclusive interview with cbs news, united president scott kirby is excited. >> we'recholarships can applied for separately. >> you need to have the resources, what we're really doing is opening ourselves up a huge pool. untapped talent and give them opportunities to create those kind of wonderful careers. >> reporter: smith and aviation program recently took the flight deck with captain sheaffer. >> i'm so enthusiastic when i see young people coming into the business and sharing some of the love of flying that i've had along the way. >> when i see other female pilots like captain sheaffer it makes me excited to know and see one day i can become a professional pilot. >> reporter: and smith wants to make sure that younger women see her as an example of what's possible. >> stay dedicated, no matter how many nos you get, there's always that one yes. >> reporter: fueled the aviation girl's dreams. errol barnett. >> i like that tahchiona smith, no matter how many nos, you get a yes. you know at 6 years old what you want to do. good on you. >>> on the cbs podcast, three-time

that is the magic word we need to hear about improving conditions in general i think scott kirby at unitedday leisure demand more than 100%. that's a great quote he was on this morning lockheed martin talked about new and better normal. the out nation ceo had great comments auto nation. we're getting the positive spin, the positive body language we were anticipating. i have not heard a single ceo come out and say we're not giving guidance because we don't have any certainty that is very good news nobody wants to hear that and so far nobody has been hearing it the other is the highest cost. prok procter & gamble hiking price for baby care and feminine care. already did to offset higher commodity costs. other cases maybe they are just eating it. the bottom line is they are able to do it and it doesn't seem to be affecting their profit situation. this it is ideal situation what you want to really see thanks to my colleague for doing the research there we've seen this with kimberly clark as well. so far the good news is higher costs do not seem to be dramatically impacting margins and that is

don't forget, tomorrow morning you do not want to miss our interview with united's ceo, scott kirby. talk with him on "squawk box" about the q1 earnings and the guidance for the company heading into the rest of this year guys, back to you. >> phil, thanks very much. >>> ibm shares are higher after reporting stronger than expected earnings we'll get analysts reactions to those results state ahead. >>> tomorrow don't miss citi's jane fraser interview at 3:00 p.m. >>> ibm shares are popping on the back of reporting revenue growth joining us now is an analyst with evercore isi who has a neutral rating on the stock with a $140 price target, which is not too far from where we are right now. this was a strong quarter for ibm. 21% cloud revenue, continued double digit growth for red hot. is this a turning point for ibm in the stock ahead of this planned spin-off by the end of the year >> yeah, you know, it's definitely a very nice stock year for them right now. i'll start there, which this is a very good start of the year. especially where revenue growth went positive after being down 7% i t

tomorrow, we're talking to mike jackson, procter & gamble cfo jon moeller, and united airlines cfo scott kirby we'll be right back. dave doesn't need a posh virtual receptionist, because he cloned himself. while his clone watches the phones, dave can work on his code. and lead his team. dave trusts his clone like he trusts himself. so, in summary, we're going to sell the company. who's in favor?... perfect. but if cloning isn't an option for you, just get posh. virtual receptionists who can answer and transfer your calls, because you can't be in two places at once. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america.

ceo scott kirby is going to address investor concerns on the morning's earnings call at 10:3.d. the airline is planning to add more than 40 new domestic routes, two international routes this year. they're looking to hope travelers will want to get back in the skies this summer. tough earnings quarter for united. a dramatic rescue off the coast of southern california, all caught on camera. officials say the boat started taking on water during a weekend outing, 14 people were on board. luckily, another boat was nearby, came to the rescue, pulling them out of the water with help of a harbor patrol boat. luckily, everyone was okay in this one, maria. those are your headlines. back to you. maria: that is a scary sight there. cheryl, thank you so much. investing for ton woke, a recent wall street journal op-ed documents the rise of stakeholder capitalism, how major companies are using environmental, social governance to push a progressive agenda. it argues the decisions can alienate investors, they have no place in your portfolio. consumers and diminished returns for shareholders. j

united airlines reported lower than expected first quarter results yesterday, the ceo, scott kirby, saidl with not fully recover until next year. some companies are looking forward. american airlines announcing it's going to resume hiring pilots later this year. what's your expectation for the airline sector? when would you expect the normalization and i guess it also has to do a lot with business travel. will businesses want to send their people to conferences and get on jets again? and what about the international side of things? do you have any visibility there? >> well, if you look just sort of taking it in reverse order, international, there's very few countries right now that the cdc and the state department are saying it's safe to travel to. so i don't see that happening any time soon. business travel's going to be really hard. i think businesses were looking at earnings season, we're seeing how well businesses are doing and one of the ways they're doing well is they're cutting costs. the typical corporate boonedoggle, i don't see that coming back any time soon and from a macroeco