>> yeah, i mean, the one that everybody loves to hate is love now, southwest delta is going to be announcing a name we hold in our event fund typically this is a stock that moves 4% the options market implying a move of about 5 1/2% here's something to think about. they've obviously added a lot of debt during the pandemic this was a company that made $7.50 a share. think about that if it could get back there, the company would be trading at less than five times earnings that's not what i'm forecast, but they do seem to be climbing out of trouble we have slightly declining fuel costs and of course they have a little bit of a hedge going on because they own a refinery. on the counterpoint side you have got rising wages. when you take a look at this situation, you could of course go out and buy the stock but with that higher than average implied move, one of the move we saw somebody doing this week was going out and buying the slightly in the money 35-strike calls and they paid about $1.40 for those. as a alternative you can see you're going to be risking less than 4% of the current stock price

southwest. american, delta, southwest, united. they have the most flights and domestic business.ank you, a helpful breakdown as always. george ferguson. we talked about the fact that stocks are up. stocks, broadly speaking, are up the on airlines. the u.s. inflation data set to release tomorrow. i want to bring in chris murphy, that head of strategy at susquehanna. just looking at the advanced today, it looks fairly broad. how would you describe positioning in the market ahead of that inflation data? chris: i would say i am cautiously optimistic. it does feel like a softer cpi print, if you look at the rally from the last two days. it is somewhat priced in. usually, when the s&p is up like it is right now, you would expect the vix to be down. the vix is up. there is some caution heading into this number. if it is softer being priced in, maybe it will be a higher expectation to cross! the last couple of cpi's. on the flipside, i want to point out that i have to imagine if we do see a sharp rally on a softer cpi number, it's only a matter of time before someone out of the fed tries

delta. take a look at the number three spot, southwest airlines. delta, then alaska followed by southwest, united and allegiant. "the journal" points out the data their list uses like ontime records, lost baggage, wait times date back before december, so the southwest meltdown is not included when they consider their ratings. it's fair to say southwest will not likely appear so high in next year's list. back to the list. sixth place american, spirit, frontier and jetblue, which comes in last. i think some people would be surprised they scored so badly because a lot of people like jetblue. the problem is with jetblue, and we were talking about it earlier, it's mostly based in the northeast, the new york/boston area, which is a terrible place to try to run airlines in the winter. a lot of their planes get stuck there. jetblue's ontime record is something like 60-65%. >> which the weather plays a big part. >> mother nature has her hand on a lot. >> especially lately. >> don't we know. thanks, scott. >>> trending for you that morning, gen-z is no strang

a lot of people like delta but take a look at the number three spot, southwest airlines, delta, followedalaska and then southwest, united and alallegia. they date back to september. that's why southwest is number three. the meltdown is not included when they consider their ratings. it's fair to say southwest is not likely to appear so high next year. american and spirit, frontier and jetblue comes in last. i think some people will be surprised. jetblue is largely based in new york and the upper northeast which is where it gets such bad weather. and so that's when their planes get delayed, and so their delay numbers are terrible. i think on time is something like 60% but it's largely because of where they fly not necessarily how much you'll enjoy the flight. >> right, on the west coast, a lot more time. >> a lot easier. >> thanks, scott. >>> new this morning door dash will soon start delivering starbucks nationwide. the service will initially be rolled out to northern california, texas and georgia. as for the norcal most will be starting in sacramento. gen-z no stranger to trends, how phy

we can confirm, john, all the major airlines, american, united, southwest and delta, they are all waiving change fees as well as fare differences for people who need to rebook on new flights because of this travel mess. john. >> john: see how long it takes to get things straightened out. grady, thank you. >> sandra: sean duffy is here, former wisconsin congressman and elizabeth mcdonald paying a visit. wait a second, the new fbn evening line-up. begins january 23rd. >> i can't wait. it's awesome. >> sandra: you and i -- we all just had this conversation -- first of all, pete buttigieg, am i wrong to say he should be in front of a microphone giving updates on this situation? he has patrolized travelers coast to coast. >> go back on paternity vacation, it seems when pete shows up things go wrong. you would think a secretary would have crisis. i go to the microphone and fix the crisis. i should be commander in chief. >> you lead people through crisis. he cannot lead us through anything, he doesn't know what the problem is. >> feels like a wake-up call, a hinge point, maybe a game changer mom

mcdonald's here on the phone with southwest or delta or united and screaming at them, why is my bag and a mcdonald's in efforts is okay. okay. a little bit of clarity. all right. so on to the markets, what's up? yes. >> doctor us indeed. a big cpi. inflation number comes out later this week. some other stories out. disney's rolling back some price increases, givens more perks to annual a card members are annual theme. park members. that's interesting. it's it's kind of a band-aid of problem, fixer, but it's out there thursday night football, big disaster this year for amazon ratings are down. 25% of the nfl thursday against 9.6 million amazon's having to pay advertisers money back saying sorry, and i'm finally 20 trillions of water. are in the process of dropping this 2 weeks, period which covers all of california to half a foot of water. and i just go it with a forecast for more rain and quite a visual. >> yeah. yeah. half a foot of california would be submerged and wall street figure this out on some level diary up a lot of money into it and we'll come up with above stored below stora

companies, i like to look at what information these types of industries are giving us we own delta and southwest visa and mastercard. these give us insight into the health of the consumer visa and mastercard show consumer spending habits consumers are proxies. they are companies for the payment system they will show us what consumers are doing. are they paying off debt or spending in cash >> i have to imagine the companies are important. we had discover with charge offs rose they did move higher by 1% or more visa and mastercard have to be the best window in the consumer. they are up there. i'm not liking at microsoft numbers to tell me how the consumer is doing, are you >> no, i'm not that chatgpt stuff is interesting. it is a longer-term play >> creepy, but interesting it's okay. creepy got a b on a wharton mba exam. i may not be real right now. i was at newark airport. years over budget on the terminal it looked nice a lot of people there. what are you looking for in the airlines >> listen, we really do like delta. by the way, i travel a lot for work if you were trying to get into a delta lou

liz: let's just talk a bit first about that technology for southwest airlines. what is it that deltathat perhaps protected you from something like that? >> well, first of all, it's great to be with you. it's exciting to be back on the floor of the ces share. it's -- show. it's incredible. i don't know, i don't have any access, any nonpublic information on southwest, so i really can't talk about it. at delta the, obviously, staffing technology, planes, mine, we have an -- i mean, we have an awful lot of big, analytical decisions that we have to take into account and optimize particularly when you get into interrupted operations. so it was unfortunate. none of us, you know, none of us took any joy from if seeing that, we all felt bad for southwest and the customers and the people. but i think there's all things we can learn from. you've got to watch and make sure we go back and continue to test our technologies and our staffing models to insure that we don't get caught many that kind of situation. liz: transportation secretary pete buttigieg has said that southwest should pay for this,

we can actually confirm, neil, all of the major airlines, united, delta, southwest, and american are doing the same. the question now is, we expect the delays and cancellations to continue at least for the rest of the day but will this cause problems later in the week as well? we'll have to wait and see. neil? neil: thank you, my friend. grady trimble in chicago. let's go to hillary vaughn at the white house right now. the administration has gone out of its way to caution it's a little too early, to views of cyberattacks. they say that was not at play here, right? >> reporter: they say they can't rule it out, neil. transportation secretary pete buttigieg did an interview moments ago where he was asked that question, could this outage been caused by a cyberattack. he says they can't rule anything out. but the bottom line they still do not know what caused this outage. >> any indication there is a cyberattack involved? >> there has been no direct evidence or indication of that but we are also not going to rule that out. >> reporter: buttigieg did talk to president biden on the phone th

delta. southwest. they are all on twitter. and american and united are already tweeting out to people.ecause honestly, to thrive to get somebody on the phone right now if you have a flight at #:00. don't even bother trying to pick up the phone use technology. >> brian: other thing is, have you ever experienced this before when you have to -- when you have to delay everything, then everything is delayed forever. >> ainsley: days. >> brian: 6:45 flight is delayed an hour, maybe two hours. do they go out first and then the 8:00s and 9:00s? this is almost impossible to quantify the amount of disruption plus you have too many planes in one place. >> any aircraft that is sitting at a gate right now or tarmac anywhere, it's not going to go anywhere for now. this all just has to-we haven't seen this to your point 9/11 actually. haven't seen a full stop of the u.s. air traffic system since 9/11. >> this is the first time. >> steve: one of the problems, is brian is talking about the cascading effect all day. >> all day. >> steve: so if they are not -- a lot of airlines are not going to take off-

we can confirm, neil, that all of the major airlines, delta, southwest, united and american, they'reaving change fees and they are waving the fare difference if their passengers or their customers rather have to rebook on to a new flight because of this mess today. neil? neil: thank you, grady for that. we'll see how they sort through all of these delayed flights, cancellations, how they adjust to that because this could be an all-day maybe all-week affair anyway, peter doocy with the reaction at the white house and how they are dealing with all of this or at least trying to explain all of this. peter? reporter: neil, officials are saying they know what happened. they just don't know why it happened although at the highest levels of the government, even above the transportation secretary, to the president, they are saying they don't have any evidence right now that this was a cyber attack. >> somewhere overnight, there was an issue with irregularities in the messages that were going out, that reflected a bigger systems issue, and this morning, as of about 7:00, there were still probl

delta is the airline everyone seems to love to love. what do you see? >> yeah, i mean and the one that everyone loves to hate is love, i guess, southwest right now after allheir travel snafus. delta is going to be announcing earnings this week typically this is a stock that moves about 5% on earnings they've obviously added a lot of debt as they would need to during a pandemic. this is company that made $7.50 per share. that's not what i'm necessarily forecasting but they do seem to be climbing out of trouble and they have been paying off some of their debt. we do have slightly declining fuel costs now, and of course they have a bit of a hedge going thereon because they also own a refinery on the counter point side you also have rising wages when you take a look at the situation you could go out and buy the stock but with the moves we saw someone going out and buying slightly in the money 35 strike calls, and they paid about $1.40 for those. as an alternative you can see you're going to be risking less than 4% of the current stock price to make a bullish bet going into earnings. of course if news comes out more disappointing than we expect, that's all you

tomorrow, everything could come back, but we have warnings coming out of delta, united, southwest, thatnges have really impacted their schedule. even a two hour delay on a domestic flight can be pretty painful for a lot of these airlines. guy: kriti gupta at laguardia. a recovery, but the effect could last a while. balance of power is on bloomberg television and radio. alix and i are off to the cable show. we are watching carefully the ongoing strikes. ♪ >> from the world of politics to the world of business, this is balance of power with david westin. ♪ david: from bloomberg world headquarters in new york, welcome to balance of our. the big news tomorrow is likely to be the cpi numbers that takes another look at it elation with expectations of it may be coming down. we welcome the professor of

theft after he allegedly climbed over the airport razor wire perimeter and drove to delta service pickup truck was southwestlines hanger, boarded a plane and came face-to-face with an employee in the cockpit before leaving the plane driving off in another delta pickup truck. the same day another man allegedly slipped past the tsa document checkpoint without showing id or boarding pass. authorities say once he got to the other side, he walked through an open jetway where the pilot stopped him just short of boarding a plane. police arrested him for criminal trespassing. >> we believe you didn't allow proper credentials to get through the checkpoint. did you go through the checkpoint? >> i'm listening. i feel i'm being harassed right now. >> a spokesperson for the transportation security administration says tsa is investigating the incident further with law enforcement partners and local tsa officials looking into ways to improve visibility and strengthen enforcement around document checks stations. nationwide tsa says it's intercepted a record number of firearms in people's carry on baggage. last year the age

be delta airlines mike, delta is the airline that everyone seems to love to love what are you seeing? >> yeah, i mean, the one that everyone loves to hate is love i guess, southwestight now after all of their travel snafus, but delta's going to be announcing earnings this week this is a name that we hold in our event fund typically this is a stock that moves about 4% on earnings there are options markets implying a move of about 5.5%. they've obviously added a lot of debt as they would need to during the pandemic. this was a company that made 7.5 bucks a share, full-year 2019. think about that, if it could get back there, the company would be trading at less than five times earnings. that's not necessarily what i am forecasting. they do seem to be climbing out of trouble, and they have been paying off some of their debt. we do have slightly declining fuel costs now, and of course they have a little bit of hedge going on there because they also own a refinery on the counter point side you've got rising wages when you take look at this situation, you could of course go out and buy a stock, but with that higher than average implied move, one of the things we saw thi

both cities have airports that have flights directly to atlanta, southwest, i believe, flies from kansas city, delta flies from buffalo. the fans can get to the game. but i think is real question is what's the chance that this actually happens? it's about a 52% chance of happening, so there's a better chance than not that we could actually have history. the bills have to win their two next games, the chiefs must win their next game. they have a bye this week, the bills are playing miami. i love history, i love football, the two of those have come together here and we're maybe making history. maybe you and i can go down to atlanta. >> it's exciting. you're blowing my eardrums out. >> we need a little wake-up call in the morning, a little cup of morning harry. >> thank you, harry. >> i've got no comment on that. >>> russian president putin has lashed out over a lack of warplanes and the wife of alexi novalny is pleading for help. the director of the award winning film is going to join us next. can help you grow and protect your wealth, even when you'rere not workin. they'll look at your full financial

reportedly off the shelf software, and we talked to ed b bastian, the ceo of delta airlines and he said the vulnerables are not just southwestthey all face these kinds of things, listen. >> obviously staffing, technology, planes, it's -- we have an awful lot of big moving analytical decisions that we have to take after -- take into account and optimize particularly when you get into interrupted operations. it was unfortunate. none of us took any joy from seeing that. we all felt bad, we all felt bad for southwest and the customers and the people, but i think there's all things we can learn from. you've got to watch and make sure we go back and continue to test our technologies and our staffing models. liz: which airline would you say is the best at investing back into their infrastructure and their technology? >> yeah, i mean delta definitely leads the pack in my opinion following closely by united, but it's still credit how many times the airlines make us call to make changes. when the meltdowns happen, they should be using ai. i actually give kudos to american airlines in their app, they have a chat feature which will allo

and awe though theft after she allegedly climbed perimeter fence, drove a delta the service truck the, a pickup truck, to a southwesth an employee in the cockpit before leaving in another delta truck. that same day another man allegedly slipped past the tsa document checkpoint without showing any id or a boarding pass. authorities say once he got to the other side, he walked through an open jet where a pilot stopped him just short of boarding a plane. police arrested him for criminal trespass. >> we believe that you didn't -- to get through the checkpoint. did you go through checkpoint, yes or no? >> [inaudible] >> yes, i'm listening. >> i feel like i'm being harass ad right now. >> reporter: the a spokesperson says tsa is investigating the incident further, and local officials are looking into ways to improve visibility and strengthen enforcement around document checks stations. nationwide, tsa says it has intercepted a record number of firearms in people's carry-on baggage. last year the agency flagged a record 6,542 fire arms at 262 airports. but even unarmed passengers have caused problems using everyday airport

delta out of laguardia. some are waiving fees. southwest airlines getting hit by the lion's share of these delays. about one in every five of those delays are on southwest. we are just seeing the beginning of the end here. this is like planes and crews being out of position. the hallway is the airspace, it is crowded, hard to get people moving and out. now we will see, as crews are out of position and planes are out of position, which domino effect. this is so nearly unprecedented. the last time we have seen a nationwide ground stop was after the 9/11 terrorist attack. >> pete, keep tracking it. thank you very much. >>> this faa system outage, as pete's laying out, is impacting passengers and operations at airplanes across the country. it was just a few weeks ago that they dealt with another operational meltdown, this one with southwest airlines. it devolved into chaos of thousands of canceled flights. amara walker is at hartsfield-jackson airport with this side of the story. what are you hearing from passengers? >> reporter: first i got an update from a spokesperson. there is good news. she tells

and the airlines, united, delta, southwest among them, saying they're working to restore their flights give you a sense. pardon me, i'm looking at a computer screen off-camera here, of how many flights are delayed or canceled right now. let's go by airline. southwest at the moment has got 42% of flights are delayed with southwest. american, 19% right now. as i go down the list, united, 16% of flighs right now are delayed. sky west, 4%. delta, 19%. that's going to be the story of the morning. by the way, even air canada right now, 17% of flights with air canada right now are delayed. and as this rolls out through the day, as they try to play catch-up through the day, hopefully they can minimize these delays and cancellations. i think the good news is that, you know, the weather for the most part today is cooperating, other than california. the weather is not bad for flying, and as we've said many times, this is the day, this is the month, rather, when there aren't that many people flying, compared to the holidays, compared to summer and spring break. there are 19,000 airports across the

southwest epic meltdown was do to bad weather and an issue with their computer , or the companywide computer system. other airlines like delta, united, and american dealt with weather-related issues, but got back on track quickly. meanwhile, southwest had to cancel near 16,000 flights with over 2000 canceled almost a week after the storm had already passed. as a monday, they were operating at a normal schedule. the only cancellations were weather-related. we know it caused a nightmare for travelers during the holidays. >> it is hard to imagine how many people lost workdays, pay, that is a mess. >> the expenses to get a rental to drive ours home. >> it will take weeks for them to go through everything for everyone that has a complaint or filed an issue. that will take some time. >>> it is at 9 minutes after 5:00, with the intent rain we saw this weekend, we also got snow in the bay area. the unusual place the got hit by snow showers last night works like this is a lobster. this is the filet mignon. >>> mi (upbeat music and vocalization) - [narrator] experience the coolest new adventure with your family and all your disney fri

delta and spirit. those are your headlines. i guess too bad, so sad for the southwest name. >> steve: no kidding.re vouchers good for drinks on the airline? >> ashley: that's a good question. >> brian: give people a seat period. >> ainsley: if you get a middle seat you should gate free drink. >> ashley: i'm more of a window girl. >> ainsley: no one likes the middle seat. >> brian: if you see me in a window seat please switch with me. 18 minutes after the hour. coming up the man accused of killing four idaho college student set to face a judge today. a live report as the victim's families get closer to justice. nancy grace will join us live to react. ♪ y or lit. may i? we're definitely not lit. i mean seriously, we named ourselves booking.com which is kind of lit if we are talking... literal... ha ha. it's why we're planet earth's number one site for booking accommodation. we love booking stuff! and we're just here to help you make the best of your vacation. ow... hi... booking.com booking.yeah pain was keeping me from being fully present with my family. but now i can be myself again... with my fa

has the most departures from us airports today, with almost five—thousand, followed by delta air lines and southwestote some system there has issues as well. we can cross live to new york and aviation journalistjeff wise. we don't know and is not a good feeling when something this major can be disrupted and we don't know why. this code that we have that canada is having problems is there a connection or common cause. whether it some sort of system maintenance problem or a cyber attack affecting both countries. it’s problem or a cyber attack affecting both countries.— both countries. it's difficult to know exactly _ both countries. it's difficult to know exactly what _ both countries. it's difficult to know exactly what is - both countries. it's difficult to i know exactly what is happening both countries. it's difficult to - know exactly what is happening but we do know the impact. has there any number of lights big this much grounded since 9/11? this is one of the days in the people and the aviators in you're sure we want to forget. it aviators in you're sure we want to foruet. , ., , ., aviators i

, the airlines themselves we got terrific numbers from united and delta phenomenal that will be tested tomorrow when holy cow, southwest air reports in the wake of the holiday season scheduling snap we'll be interviewing the ceo on "squawk on the street. he's willing to come on. speaking of america, american airlines based on a strong preannouncement, i bet we'll like what we hear. fifth bull market. trucks that's what. a bull market trucks one of the best if not the best quarter so far this year has come from a company paccar, paccar, that's probably you noticed. everything was a record here including revenues and profits according to the ceo r. preston fate, trucks and transportation solutions and we look forward to 2023 being another excellent year end quote that's in keeping with what i heard from j.p. hunt, one of the largest trucking companies struggling now as retailers work through the glut but anticipates a turn as soon as next quarter the paccar is a prediction of the fav caterpillar when it reports. the stock is up a lot and might be a good- buy before it comes i for the quarter. remember, we finally started

we have seen that with delta and others. southwestled to a bigger than expected loss. it was expected to go over to the first quarter. 2.6% decline. american air up 2.3%. you can see that jetblue, also domestic, down nearly 3% after earnings. but how much is that the story, that business travel is back? >> business is back or domestic business is on airlines? >> domestic travel had been back, but that arguably is a sector that might be more affected by a decline in overall consumer sentiment and ability. the others i am looking at -- sherwin-williams, the paint company, gave some negative guidance, down more than 9%. i wonder how much this is tied to homebuilding and what is going on there given all the concerns around what will be happening with mortgage rates. chevron, talking about them earlier. those cheers up about 3%. ibm, to your point about intel, where is the bar? has it already been set? ibm hurdled over a lot of the expectations on both actual profits and guidance, lower 2.3% because they outperformed last year, so the bar

according to "the wall street journal" from best to worst, we have delta at the top, jetblue at the bottom. can you believe it, southwest actually came in number three. that does it for us. see you tomorrow. "the evening edit" starts right now. ♪. elizabeth: okay, the big showdown in d.c. tomorrow. the debt ceiling fight. the white house facing off against the house gop. who blinks in who doesn't? on stopping the government overfire hydrant of spending. this breaking news coming in. a controversy is resurfacing. the allegation, then vice president biden used a pseudonym, a non-government email during the obama white house to potentially send government information to his family including hunter biden? plus house gop set to probe links between the biden family selling access for the president's classified document scandal. with us tonight, senator bill cassidy, james comer, steve forbes, ron vitiello, dr. marty makary, former nypd officer bill stanton. we have more with president biden's lawyers talking the doj out of fbi agents monitoring the search for top secret documents in the president's home. this fiery debate, un

you heard the delta ceo talking about wednesday's faa technical meltdown that halted all commercial domestic flights. southwesthey canceled more than 16,000 flights. all of it coming as demand for travel remains sky high because the industry is trying to bounce back after nearly collapsing during the covid pandemic. our next guest is an expert on the airline industry. nearly 14 years ago, captain sully landed flight 1549 safely on the hudson river after the plane lost all engine power. all 155 passengers survived. the man behind the miracle on the hudson, captain sully, joins us now. it's very good to see you. i think i spoke to you 13 or 14 years ago for sure. it's good to see you again. it seems to me, when you are talking about the airline industry, there are a couple of buckets. one, the airlines. the other, the regulators. can we start with the airlines? what does this industry need to do for customers to feel like they are better, they are more reliable, they can be trusted? >> chris, it's good to be with you again. i think in every industry, we have to have the right values. we have to understand what a

we saw the problems with southwest after the storms, getting people around, supply issues, computer issues. i'm curious what you're dealing with on that front. >> well, with delta, we've got the staff. we're continuing to hire we're hiring flight attendants, we're hiring pilots, mechanics for growth coming into 2023. but the team of delta did a really good job during the holiday period i was very proud of them it was a very difficult set of conditions they were operating in, and they got customers where they needed to go. >> ed, china is such a big part of your business obviously things have changed over the last three or four years, but now you have the chinese government opening up. what do you expect in a broad sense happens over the next year when it comes to demand in traffic to and from china? >> i think you're going to see what happens in china as you've seen with every country as countries open up. you're going to see an enormous demand of people leaving the country as well as trying to get into the country china is complicated they've had a little different policy toward protecting covid we'll have to see how it rolls out over the next three to six mon

delta number one with best scores on templates, cancellations, bumping. number two, alaska airlines, the carrier better than anyone else avoiding extreme delay spirit surprises number three. [music] >> southwestsouthwest that canceled more than 16,000 flights over the holidays. southwest rank of bumping. complaint from baggage handling in december not in yet. next year's rankings. >>> life of the king of pop. >> what's up? [music] >> landscape and director. [name] working on new michael jackson film titled "michael", address all aspects of jackson's like. unclear of how it is handling accusations of child sex abuse. film produced with jackson's estate, which has defended him against allegations. >>> bts man, five weeks military training in south korea. [singing] >> enlisted last month to be 1.5 years mandatory military service. shared first photos taken in uniform was a. 30 years old of a pop group. mandatory service. eventually all the members of group will do. you're welcome, song and your head all morning. >>> space ask second mission for u.s. military lesson three days. >> three, two, one. engines full power. >> falcon 9 rocket scented orbit, six new satellite is part of the next generati

delta's up 1%. significant gains there. that that matches the rest of the market where you see quite a lot of green. even southwestming back a little bit. jetblue just $7 a share. >>> the job web site -- i'm sorry, the job search web site glassdoor released their list of best places to work. lauren, two big names were dropped. why? lauren: meta, i understand, but apple as well. stuart: apple? lauren: gone havetive, perhaps, of the ec train wreck we saw last year. number one is still a tech company, it's a start-up -- well, it's a newer company called game site. they do remote work, unlimited time off. of course, that would be popular. box is number two. stuart: game site, box, bane. guess who's here, still with me, glut. ton for punishment -- gutten for punishment -- gluten for punishment, mark tepper. >> they've dropped off and, i guess, boohoo to their woke employees who aren't getting the free lunch, the free coffee. they actually have to go to work now. so i'm not worried about these employees and their negative reviews, okay? this is just a reverse -- can reversal of woke culture that's starting to permeate t

delta air lines up 9% this week after a few upgrades and the announcement of free wi-fi and booking tailwinds from the southwest2% this week and 6% today on an analyst upgrade and rising commodity prices let's bring in the managing director and cnbc contributor. let's start with costco. do you like the stock here >> 31 times earnings, a little expensive at this point. but it is the preeminent brand brand in the space i think, you know, this is the story that costco is telling us, the middle income and upper income american consumer has settled into this very comfortable two-way shopping behavior pattern where everyday goods are bought at amazon and you buy everything in bulk at costco i think that behavior pattern is clearly being reflected in the sales of costco at this point. company's tremendously great executor of talent they have some of the best merchandising and selection out there. so to me i think on a long-term basis, great compounding stock they've increased their dividends 19 years in a row. going to increase it more. it's not a rich dividend but it's all going to grow a long time it's an amazingly

delta, and united. you can pre-emptively make changes without any other fees. >> peter, when all the chaos was happening in the southwest whwe found out it was an i.t. problem. we found out they hadn't updated their i.t. system in a woefully long time. could it be something as simple and rudimentary as that that brought everything to a standstill this morning? >> that's what's going to be discovered in the upcoming hearings that are going to take place on this issue. the question is, did the faa apply the necessary funds to keep this critical system as current as they could? i mean, this is a system that is fundamental to safety, and, you know, it started out post-world war ii and has, you know, at one point, you've got your people via phone. now it's online. have they invested the proper amount of money to keep this system up to date, and apparently they haven't. >> all right. peter goelz, zach griff, thank you both. >>> so today, new york republican lawmakers called on congressman george santos to resign over the lies he's told about his professional and his personal life, but santos says that he will not do that. >>

outage for instance, delta said, "it's frustrating, but unfortunately, these things happen. [ laughter ] united said, "it's always better to be safe than sorry." [ light laughter ] southwestum, yeah. the faa, that's, like, totally why all of our planes didn't take off ha, ha, ha." [ laughter ] "yeah. and american airlines said, "once the issue was fixed, it was business as usual. and southwest continued, "yeah, it's so crazy how the faa lost everyone's luggage over the holidays man, these people are the worst! i mean, seriously, the faa's slogan should be 'fu,' am i right? am i right?" [ laughter ] jetblue said, "we're just glad everyone's safe. and finally southwest said, "anyway, if you're still at the gate waiting to get home for christmas, you know who to blame. 'cause it's definitely not our computer system, windows 95. [ cheers and applause windows 95 >> steve: wow. >> jimmy: well, hey, listen to this there was a report that the biden administration was considering a ban on gas stoves i don't know if you read about this well, after backlash from both parties, president biden said that he is not in favor of the idea people -- people stuck at airports have said, "i've

you'll recall the big delta order, the big united order that just got announced you'll recall that southwestas one of the early sort of recovery stories, and their orders on the max. in the u.s., we feel very good about where we are competitively and pretty much everywhere in the world. just based on the order scoreboard with the exception of china. and if and when china comes back and we remain constructive on china, then my view is we will be back to that same competitive playing field that we were on before until eventually the next airplane gets introduced, and i have a lot of faith that boeing will do that really well >> let's talk about china. you know, the first max flight happened within the last few weeks. you're optimistic that these deliveries begin again do they start again this year, do you think >> i'm not going to get into the guessing game about the day they start. what i will say is that this is likely to start the same way it did in the u.s china has roughly 100 airplanes on the ground, already bought, that they have to put back into service. china southern launched, and th

named delta, frontier and spirit are up for adoption at a nevada-based animal shelter, offering four vouchers. the animal shelter renamed one kitten because of the travel chaos surrounding southweste for adoption for that particular kitten. joe, your thoughts, this is so cute. >> that is the canary in the coal mine for southwest. when you've lost the kitty market -- [laughter] certainly, something has gone rotten in denmark. again, get those passengers taken care of, southwest. things are not looking good. jackie: maria talks about this issue all the time, she's a big proponent of adoption. your thoughts on what this can kind of do to raise awareness to what's happening with animals out there. a lot of them need good homes. >> they were so cute. did you see those darling little kittens -- jackie: they're cute, but i am going to switch gears for a moment because i actually got a dog over the holidays -- >> there it is. jackie: her maim is friday, and she -- her name is friday, and she cannot wait to play with dusty. she is such a little -- speak of spirit, she's got a lot of spirit. she's very rambunctious and so cute and so fun. i'veed had her 10 days, i can't imagine my if life

, chief executive of delta airlines described the year as the most difficult operational year in the history of the airline. alaska airlines came in at number two and then southwestn number three. despite that meltdown at the end of the year. united came in and forth, jetblue came in and fits. airlines have been hit hard with staffing shortages and bad weather year round in 2022. reggie: day a bay area tennis star pulled and upset at the australian open. she advance to the third round. she was born in the bay area took ukrainian parents and grew up speaking russian. her next match is tomorrow. so far it is the best showing for americans in this tournament since 2004. kumasi: now let's talk about sleep. if you are having trouble falling asleep, a new study says listening to energetic pop music help you out. although it seems counterintuitive to add something in an up tempo to your soothing playlist, researchers in denmark say it works for a lot of people. by bts, jealous by labyrinth and music by billie eilish and dj call-up -- dj khalid. reggie: how is that goi work? kumasi: that that is more sleep music. it says it has to do familiar music. people listen to thei

delta wasn't giving people free wi-fi. well, it used to be if you wanted wi-fi, you'd have to book a ticket on southwest.thwest hate me? back in my day, new jersey wasn't increasing its minimum wage to $14.13 an hour no, sir. back in my day, if you wanted to make $14 in jersey, you went down to atlantic city and sold a bottle of water on the boardwalk. [ light laughter ] and someone would say, you know, walgreens sells these for 99 cents, and you'd say, well, then go there, you too-tan, jacked-up bastard. and then he'd throw you in the sea, jersey-style. and, oh, yeah, the seagulls would laugh at you back in my day, new york city didn't have a rat czar jiminy whiskers. back in my day, we had a rat mayor, and his name was rudy giuliani. [ laughter and applause "you dirty rat." back in my day, bill cosby wasn't planning a comeback comedy tour. puddin' pops back in my day, if cosby was playing in something, you'd best byob [ light laughter ] hopefully this time it will only be his jokes putting people to sleep. [ light laughter ] a lot of cosby fans here [ laughter ] back in my day, there was no "avatar" mo

delta apologize to the 145 passengers on board who were delayed overnight because of this near miss american airlines is deferring comment to the faa. southwest airlines announced a series of measures meant to improve customer service following an internal system failure over the holidays. the airline says it has hired extra staff to quickly mobilized to support crew recovery efforts. if another system failure happens. it's also improving crew communication technology so they can get information on schedule changes. the airline is planning to hire a consulting firm to review what happened and to make recommendations. 15 u. s. senators have sent a letter to southwest ceo robert jordan's they've given the airline a deadline of february 2nd to come forward with answers about what happened over the holidays. the senators want the airline to explain why an estimated 16,000 flights were canceled. they also want to response to claims by some southwest workers who believe the problems stem from outdated software and staff shortages. more people, including americans are coming around when it comes to electric cars here in the u. s more than 800,000 fu

delta airlines apologized to the 145 passengers on board were delayed overnight because of the near miss american airlines is deferring any comments to the f a. a southwest airlines announced a series of measures meant to improve customer service following an internal system failure over the holidays. the airline says it has hired extra staff to quickly mobilize and support crew recovery efforts. if another system failure happens. it's also improving crew communications technology so they can get information on schedule changes. the airline plans to hire a consulting firm to review what happened. and make recommendations. 15 u. s. senators have sent a letter to southwest ceo robert jordan's they've given the airline a deadline of february 2nd to come forward with answers about what happened over the holidays. the senators want the airline to explain why an estimated 16,000 flights were canceled. they also want to response to claims by some southwest workers who think those problems stemmed from an outdated software and staff shortage system. let's take a check of the markets right now, the dow is down more than 350 points down being dragged down by weak

delta, which use a hub and spoke method of flying and scheduling and all of that. when they do that then the planes can react to bad weather. but what happened to southweste learned that the point to point that they use which was flying from one airport to another, originating from that airport to the next, that the that kind of a system is very efficient, very, very good when the weather is good. boy, when the weather goes down does it make a problem. neil: certainly does. sal, you have a interesting perspective on this, not only as a pilot but aviation attorney so maybe you can help me understand the customer base of the airline industry. they see those lines waiting, they see the baggage piled up, they see a lot of experiences we had a few weeks ago, the holiday season, they're not deterred. they're still making bookings, likes of which we haven't seen since pre-covid. what is it? from your experience what does it say? i know some airlines are offering super low air fares and the like but not all. is it just an itch to continue traveling, the post-covid feeling they were trapped, they want to get out, what? >> i think that is certainly part of it. you

southwest debacle over the holidays. what can you tell us? >> okay. let me start with the overarching picture for the airlines. you have american and jetblue reporting earnings and adding to what we heard from deltas that travel demand remains robust and many airlines are looking to add aircraft, they are looking to add routes this year to keep pace with that demand. the exception perhaps, it is southwest after that weather-induced travel meltdown we saw over the holidays that triggered the cascade of tech problems for the airline and 17,000 flight cancellations. southwest's ceo discussed the fallout on "squawk on the street" earlier this morning. take a listen. >> we are aligned and focused on taking care of our customers and ensuring we handle them properly. that's what you would expect southwest to do. we will collaborate and cooperate with those investigations. >> of course, that's in reference to the department of transportation which has announced it has launched this investigation into that december debacle and what specifically went wrong at southwest. southwest also saying that it has experienced an increase in flight cancellations and a deceleration in bookings to start the year really

the project costs $1 billion and puts delta ahead of its rivals including american united and southwestand the sixth largest overall. the estimated $940 million jackpot has a cash option of $484 million. the odds of winning, 1 in 302 million. >> so you're saying there's a chance. the next draw sergeants tonight. >> that's a lot of money. >> willie, final thoughts? >> we have talked about this before. by the time you take the cash option, thaw take tax out of it. what are you left with? it's almost the not worth the price of the ticket. i don't know if i'm going to play. i keep losing. i'm in a bad lottery losing streak. >> 1 in 302 million, also the odds of kevin mccarthy becoming speaker today. >> well, it could happen today. >> you think so? >> that does it for us this morning. so you think there's a chance? chris jansing picks up the coverage in one minute. life... doesn't stop for diabetes. be ready for every moment, with glucerna. it's the number one doctor recommended brand that is scientifically designed to help manage your blood sugar. live every moment. glucerna. >>> good morni

southwest air moving a percent higher in general on a downgrade, and the price target from 42 bucks to 35 bucks. deltalines, you can see those shares up a percent as well the top pick for 2023, over all in the new year for airlines, it's positive. >>> in washington today the new congress will convene, and one of the first items on the agenda, electing a speaker congressman kevin mccarthy worked yesterday to try and lock down support, but a group of five hard-right republicans plan to block his bid the house will convene today at noon the speaker vote will begin shortly after with nomination speeches followed by an alphabetical roll call vote. no speaker has failed on the first batter since 1923. if the republicans remain gridlock, lawmakers expect an emergency meeting in private, and an alternative candidate could emerge steve scalise has been mentioned as a possibility, and he said he's firmly behind mccarthy. >>> for more on the markets, joining us the ceo of a bared company. we are turning the page on 2022 and get into 2023, and what do you see that lies ahead of us? >> one problem is likely to sub