which airlines are the worst. airlines mishandling bags, according to the department of transportation. they use the span of the start of the year to march, that is the time period we're talking about. flying in at number five, express jet airlines. that airline miss handled 53,000 bags. express jet among two other airlines with highest rate of canceled flights. number four, united airlines. a little over 71,000 passengers bags mishandled. delta comes in at number four. luckily for the airline its passengers had one of the lowest rates of flight cancellations. so that means less, fewer lost bags. number two, american airlines, 115,000 bags mishandled. and the number one airline mishandling passenger bags is southwest airlines. the airline mishandled 159,600 bags. the best airline for handling passengers bags? it was virgin airlines. the airline only mishandled 1500 bags. >>> next, you sound off what matters to you at the bottom of the hour. i will read your tweets and emails. >>> smucker's about to give you a sucke

only the airlines can deliver that. they're going to keep delivering it, they do need to be paid. i call on the venezuelan government to do what it needs to do and release the money. . talking off iata feeling comfortable, thousands of hours, tens or even hundreds of thousands of dollars going to make you feel comfortable when you are on a flight. angus bennett for a peek inside the studios were airline seats are literally dreamed up. overteam of designers pore and designer plans. they're working on the next generation of airline seating in top-secret. >> i can show you that, i'm afraid. i can't be more specific. >> we were all flying in the equivalent of dentist chairs. his firm helped change that, designing seats that fully reclined with luxurious material that made us feel at home. >> our challenge is to make something that is aesthetically pleasing and functional and satisfies all requirements. challenge.anding >> this is a hostile environment for luxury. sees can't just feel nice, they have to be safe. >> safety is

the bed. some airlines make the bed such as virgin atlantic. irlines that won't be named don't make the bed. >> that is an important point. if you are running an airline. if you are on the overnight and you get some shut eye before that meeting, probably quite important. anyway, those seats don't invent themselves. thousands of hours go into creating one of those seats. essence of making olivia comfortable. i guess and it takes up the studiothe secretive where the seats are dreamt up. >> a team of designers pour over 3-d models and intricate plans. they are working on the next generation of airline seating and top-secret. >> can't show you that. >> james park set up jpa design 20 years ago when we were flying in the equivalent of dentist chairs. his firm helped change that, designing seats that fully recline with luxurious materials. maker challenge is to something that is aesthetically pleasing, that is functional, and that satisfies all these requirements. it is quite demanding. >> 40,000 feet above sea level in below freezing temperatures, th

>>> do you need us to tell you the friendly skies aren't so friendly these days. why airline profit is your loss. >>> the nba experience. how nba students are going global to do good and do well. >>> and millennial investing. what 20 and 30-somethings can keep you about money. >> we're both optimistic and realistic as well. >> "on the money" starts right now. >>> here's a look at what's making news as we head into a new week "on the money." >>> tensions are spiking in the middle east and oil prices are rising along with that. radical groups are seizing control of areas in the northern part of iraq make being the oil market extremely nervous. crude oil closed more than $107 a barrel, up more than 2% at the end of the week. that helped send the markets down as well. the dow falling triple digits for the second day in a row and sporting a two-day losing streak by thursday's close. the s&p 500 had its worst day in a month and suffered its first three-day losing streak in more than two months. the markets recovered and rose on friday. disappointing retail sales in may rose for the

this is a historical moment once again my congratulations to the united airlines thank you. (clapping.) >> thank you, mr. ambassador thank you, thank you, thank you again. lame the next person i want to invite you up to the stage is definitely a good friend of united mr. particular i want to send a 92 thank you to our new ceo congratulations, sir (clapping) >> and i have to say we love it when united refers to sfo as a powerhouse hub it shows how important we recognize how important united is to sfo carrying 40 percent of our passengers it's very important an important occasion to welcome everyone on behalf of our director john martin who couldn't be here today but worked tirelessly we at 70 sfo continue to grow tremendous growth over the past 3 years 26 percent of air traffic control growth. and more our the last 5 years. our traffic growth to asia has been an important part of the story their counting up to 10 percent of our traffic into sfo and with an increase on an executives 20 percent in the last 5 years a trend which i hope will continue and service the needs of the s

. >> the airline ceos are in qatar for the annual meeting of the global association of world airlines. what is hanging over the events is missing flight 370. i talked about the technological issues. >> it is feasible to track aircraft in real time. there are solutions available today that will do that. ofestablished a task force producers of satellite services and the number of representatives. sure weorking to make are doing it in a way they can afford because we cannot to let this happen again. we have to make sure aircraft can be tracked all the time. we will be coming forward with proposals on how to do that. >> let's bring in elliott gotkine. >> good morning. >> good morning. >> i think elliott can hear us. i am not sure if elliott can hear us. >> i can hear you. >> fantastic. >> you have been taking the mood on the ground. tell us how the executives of the aviation industry are feeling right now. ceo isn tell you the at thely speaking opening session. they are really pulling out all the stops from the mind-boggling airport which has just opened. rising to 50 million next year. t

is not the only place you go. some airlines have better websites than others, and united has a very nice website for searching world travel. u.s. airways, and delta on the other hand have much more limited features on the websites, so they are not by themselves. you can redeem your miles for more than just american airlines. they have partners all over the world. but lots of times you have to call in to find the partner space, and you have to be patient. the airlines don't spend too much time on training their agents on how to book awards. why make it easy for consumers to redeem their miles? but if you do research in advance, you find the partnerships that the airlines have, and you search for the partners t. and chances are you can score a nice reward for the miles. >> what's a mile wort? is there a number in your head. >> depending on the program, 1 and a half to 2 cents each. >> what about credit cards? is that a way to redeem miles in this day and age? >> absolutely. a credit card, as difficult as the airlines devalue thei

it's tough not to make money at least for the airlines. one of the things talk about is we have high oil prices for a while. if we do, we're at a time of the year where it's fairly easy for the airlines to adjust their schedule and operations for the fall. i think this is a going to be a great year. >> how long does this have to last before you get concerned this is going to trickle through and mean higher jet fuel prices? >> well the jet fuel prices obviously were up today as was everything else. you know, i think in terms of the airlines themselves will probably sit quietly and we all talk about was this a knee jerk reaction. the airlines will wait for two to three weeks. but their not going to take any action. in terms of if in fact we do find that oil stays up, you know, like i say, the airlines have figured out how to deal with that. they reduce capacity and squeeze out flights in each market. and i think that will happen in the fall. so you maybe have 8 to 12 weeks where is the numbers aren't quite as good in terms of cost being highe

give us an opportunity to put money to work especially with volatility we like the transports and the airlines down 10 or 15%. liz: the transports are above 8,000 a jump of 60 points that was significant you like the airlines. >> we do. they have made money what they have figured out is price and capacity and how to make money. liz: where do you stand on the airline's? >> it is the good time to sell. [laughter] i don't disagree long term at all i think they have made the big turn fundamentally with operations but i think the stocks are ahead of themselves whole transport sector, rachel, truckers are doing extraordinarily well including industrials but i would like to know a little bit and move to new technology and materials and then on the other side look at the defensive stocks like consumer staples that have not done well over the last year. if market conditions get were turbulent people will look to sell those transport stocks. liz: then they can sell but has done well. sarat, a deal like technology? it is following through in and a big way. >> that is a good way to play grows with pricing

. >>> we debate, what is the worst airline in america? >> seven is my lucky number, brian, it might be the markets today as well. if it ends higher again today, it will be the seventh record close in the past eight trading days. however, i want to show you the vix. it might be rising today, but on friday, this so-called fear index hit the lowest since february 2007. we know what happened later that year. it does remain nearly half of the historical average? and the nasdaq's most active stock is, brian? >> no clue. >> apple. >> of course it is. 7 to 1 supplies today. split today. something to like 6 billion shares, your lucky number is 7, the late agreed comedian head burge, was 4 billion. he said it never came up. >>> the president signing an executive order to help students struggling with student local debt. why is college so expensive in the first place? head's bring in andrew kelly. it's great we're trying to do something for those struggling. we're trying to figure out why private colleges are now 60-plus thousand dollars a years. >>

the year 2030. with growing demand, airlines say they'll need another 3,000 pilots by them. some educators are taking steps to fill the gap. >> reporter: planes take off one after another at airports across japan. but in the last few months, low cost carriers have had to cancel hundreds of flights due to pilots calling in sick or resigning. the shortage of pilots in japan has become a serious problem for the airlines. some educators are stepping in to help train new pilots. in april, this university and in southwestern japan started offering a flight training course. former airline captains and trainers were hired to teach. >> translator: we believe training new pilots in jean is an urgent issue. we're excited to make a great start as the timing is good. >> reporter: ten aspiring pilots, aged between 18 to 30 were admitted to the school. the students will start flying aircraft later this year. >> i train airplanes, i want to be a pilot. >> translator: i want to become the world's safest pilot. and wow my passengers. >> reporter: 75% of pilots in japan are either trained by th

the department of transportation says asiana airlines is the first to break a 1997 federal law that requiress to provide prompt and generous assistance to passengers and their families afterral plane crash. here is the time line -- it was july 6th last year when that plane crashed at sfo. the on-site ntsb investigation wrapped up on july 15th. on july 19th, the san mateo county coroner determined that the 16-year-old died of a being run over by a san francisco fire truck. on august 12th, the airline offered surviving passengers $10,000 each. on december 11th, the ntsb held an investigative hearing about that crash. >>> 8:36. later this morning, a group made up of the family members of people who died in police- related incidents will call for a federal investigation into what they call an epidemic of overuse of deadly force by police. the group claimed sonoma county is becoming like chicago and new york as one of the most likely places to die in police- related incidents. the group says sonoma county has seen almost police related death per month since the killing of andy lopez back in octob

i think you all should be congratulated for the great work you've done positioning this airline as such a successful business. and the fact all your colleagues joined you here today is a reflection of the good culture of the airline and your good leadership. so i want to make it clear that i think what you're doing is terrific. and my question is actually more of a factual question and perhaps like me colleagues i don't know the answer to my question before i'm asking it. but i was struck by this page when you put it up. and i wases very concerned by it because as i think many of my colleagues know i care deeply about three markets and believe that market pricing should

that the american taxpayers are subsidizing to compete with your airline. and that puts you at a disadvantage. >> that's exactly right. the prime examples would be singapore airlines, which is owned by the largest sovereign wealth fund in the world. our government finances the airplanes. the largest oil company -- oil-owning company in the world is abu dhabi. it has the largest oil reserves in the world and owns and operates a government airline. our treasury finances their airplanes well below market to fly into our markets. >> now, one of the things you mentioned in your testimony, too, is that you said that you did not support reauthorization of xm bank because you kind of felt like you got double crossed on the last reauthorization. but you would support possibly a reauthorization that had some reforms. do you want to elaborate a little bit on that? >> absolutely. our position has been consistent. it was consistent at the last reauthorization. language was put in the bill to fix these issues that hurt american jobs, and it was ignored. so we've take an

you'll meet the airline chief executive. the protector in soccer, the goalie. the former world cup goalkeeper for the u.s. talks soccer over the next hour. first let's get headlines. >> thank you. barclays is in legal hot seat being sued over allegations they gave traders unfair advantage. eric schneiderman is accusing the bank of falsifying marketing materials. in after the bell earnings, they are tumbling. this after the home good retailer profit fell. the u.s. economy shrank 2.9% in the first quarter. that is more than forecast. the worst reading in five years. gdp was hurt by a slowdown in health care spending. >> now to the big aereo decision. the u.s. supreme court ruling it violates the copyrights of broadcasters. >> it is a setback for aereo and aereo only. there are arguing before the supreme court was to mislead the court into thinking that we were going to be hurting consumers. what the consumer gets is the highest quality programming which costs a lot of money to produce. they will continue to get that. what area was doing was taking our technology

you have missed connections and uninsured on the airlines. people are missing the connections. the other is word-of-mouth. miami airport line is a nightmare. first world city, third world airport. miami airport is a joke. i stood in line for immigration for over an hour many, many times but we are now allowed three hours from expected london to departure of connecting flights. there's another chip advisor coming. warning to all continued passengers cling customs and immigration through miami. it is a nightmare. if you can avoid this, tried to do so. this is really, really obligated and problematic. then advocate some the models being used to make some decisions, about 2000 officers have been approved. i know it will take about 18 months to two years to get most of them online which is an of itself a very long wait given the damage that's happening. the model doesn't make a lot of sense to me. new work which is not even on the chart and major delays, they got 100 new agents. miami only got 60. the second busiest international airport in america that 3% of the new agents. can you

every time you book a flight, the airline makes an average of $5.42. at's a profit margin of only 2.4% according to comments this week from the international air transport association. so no monitor why your last flight was jammed packed. cost-cutting, rising fees, aging fleets, many passengers are frustrated with air travel, but the next generation of planes promised convenience and ease and bigger profits for the airlines. cnn international's esa flies us across the skies of the future. ♪ >> reporter: in the 1970s, the future of air travel looked supersonic. concorde hu concorde heralded a time of fast and luxurious travel. briggient engine ie brilliant engineering, the economics didn't add up. concorde speed came as a price. a noisy gas guzzler. the characteristics that today's planemakers need to cut. efficient green in performance is what's steering 21st century production. >> well, the energy problem is one of the major drivers of us, of course. so we have to do something about it. reducing fuel burn is one way we do everything. very successfully

airline pilots in the u.s. and canada. before becoming an airline pilot captain moak served as a marine corps fighter pilot. last but not least, steven willburn is the chief executive offer of firm green, a newport beach based energy company that participates in injure chul vir aspects of the green energy business. before we proceed, mr. wilburn, we have one clerical matter to clean up with you. we received two different copies of your testimony. one 6:00 last night. in that testimony, in that verse, when describing why your commercial bank officer could not provide financing to a brazilian company, you said, quote, simply out of the question given the new t.a.r.p. regulations and the then new dodd/frank legislation. a couple hours later from the democratic staff, we received a new copy of your testimony that struck that language and included the reason, quote, reluctance of banks to support small business exports, unquote. to ensure for the record we have the correct copy of your written testimony, which did yo

the airline said, this man is sick. we can't put him on the plane. so, they put him on the luggage rack. >> what? >> checked him in as luggage to find him back. >> are they real police officers or imposters. >> they're not real police officer is in mor because they're fired. >> like a "weekend at bernie's" moment. >> the man had trouble breathing. airport officers said, let us take him to the hospital. the during the argument the man reportedly died. >> i feel like some sort of bounty or some sort of reward for this guy that these officers were trying to cash in on something. >> doesn't add up. >> the fact that the airline considered, we could check this man, just tag him. >> one incident where the airline did the right thing and said, no, we will not accept him as a passenger, no not as luggage. >> dealing with a hitman, something shady's going on. >> yep. >>> guys, you want to wring my neck later because this song is going to get stuck in your head and you're going to be singing it the rest of the day. >> great. >> and maybe tomorrow. ♪ nice ride i

they were originally put into effect to keep people on the airlines. to keep you on united so you didn't fly piedmont or continental or ozark. they're gone. i have a frequent flier program to give away free seats is obsolete. the planes are full. they're going to be ratcheting these up so they'll only get relief from a lot of incon venuses. >> i've noticed i have to fly to houston to go back to omaha or go to south carolina to get somewhere north. you have to fly twice as far. >> air transportation does not work. the economics don't work for small community and point to point service. as far as these frequent flier programs, i look at them as almost being a union card you have to earn to not get nonperks. if you earn the right union card, booking two people that don't bathe. airlines want you to show your loyalty or you're not going to be very happy. >> it's not about perking anymore. it's about not getting demerits. >> that's exactly what it is. and don't try to book that free seat to hawaii. you're going to make 14 stops to get there. the frequent fli

this is a historical moment once again my congratulations to the united airlines thank you. (clapping.) >> thank you, mr. ambassador thank you, thank you, thank you again. lame the next person i want to invite you up to the stage is definitely a

so why are the airlines doing this? e they are making some of their most loyal customers mad. >> i think in american's case they are merging, and the faa is making sure that they follow their own rules, so whenever two airlines merge, they file a joint operating certification. but in delta's case it think it's really because it's the summer travel season, and the overhead bins are full, the flights are full, and there's not enough room. they used to gate check you. but now there are tsa checking you. and you have to go back to check in. and the crime is a lot of these b bags that have been sold as carry on compliant are no longer carry on compliant. so you have to make sure that your dimensions at least on delta, american, and united are compliant. it can't be 10 on one side, it has to be 9. it can't be 15 it has to be 14. >> it's not just the airlines that are going after people. there is a twitter campaign that has been posting pictures of people with too many bags. what do you think of that? >> well, obviously -- [ te

. >>> there's turbulence for the airlines. >> absolutely. the industry may be set for record profits this year, but the airline has cut a forecast how big the profits will be. the blame, a slow down in china. we're going to look at the economic head winds facing the global carrier. >>> hello. welcome everyone to "gmt." it is midday here in london, 7:00 a.m. washington, 1:00 in the afternoon in madrid where the spanish king juan carlos has announced he's abdicating. he's been on the thrown nearly 40 years now. the king has said he will step down in favor of his son crown prince felipe. we haven't had a reason yet for the decision. we're getting reports from madrid that suggest the king made a decision based on politics rather than ill health. we are expecting a statement from the king at any moment. we'll bring that to you as soon as it happens. this is a king that guided spain from dictatorship to democracy. he has had a series of scandals surrounding him and his family. let's take you to madrid to our journalist covering the story extensivel

the u.s. are hawaiian airlines, alaska airlines and virgin america. express jet, southwest air. we're going to look at where air care may really be beneficial if you are a traveler. john, if you're traveling for business or traveling for a family, it seems like this is a product you could use. tell me the types of coverage. we covered the flight delays. but it groes beyond that, lost luggage, right? >> lost luggage. if it is lost for longer than 12 hours you get $500 to row place the items you're missing. if you're on a piece trip and need a suit and tie, it is going to be more. if it is lost or stolen, it is $1,000. >> wow. in addition to that weather delays. we saw thousands of flights canceled during this past winter. tell me how the weather delay function works. >> well, most people are going to purchase our insurance for all kinds of reasons. one of them is the my assist reason, just to rebook people on canceled flights as you indicated the statistics on some of the airlines. but if the weather situation occurs, hurricane, tornado, snowstorm, ice

i've been in the airline industry for a long time. in essence, the one thing i've learn, the way to make money in the industry is to be very disciplined, particularly in terms of incremental capacity. i suspect other airlines are coming to a similar view, not to get carried away in terms of the global recovery. and to stay level headed. >> now, better news for the spanish retailer inditex. investors are welcoming a better than anticipated set of first quarter numbers despite posting a drop in net profit. the retailer says it expects negative currency effects to lessen considerably by the end of the year. >>> switching gears from equities over to the fixed income markets, again, we've been looking at the yields following closely. today we're seeing a little bit of selling and the gilt pushing that yield higher. italy seeing a sub3% yield. the u.s. treasury hanging on to 2.6%. the bund, 3%. the currency markets, fs markets, euro/dollar, 1.3537. relative unchanged from yesterday. the dollar/yen, 102. the aussie/dollar, 0.97 and the pound

recently come back a lot but the airline sector has been fizzling. that gives us a dilemma. xecution is sloppy. the companies missed the consensus three of the last four quarters. i don't think it's cheap as some of the rivals. they have the business class thing, premium seating. i wouldn't buy the stock, having said, that i wouldn't talk them out of it because the chart looks good. i suggest $9. >> if fuel goes up, it's going to hit all the airline stocks. result of iraq. i don't know, i think everyone has a bad taste in their mouth for the airlines all around. you remember the tarmac disaster. charles: the airlines themselves the stocks are outrageously amazing. >> i love the stock markets, all the transports. for the first time in a decade if not longer, the business model that the airlines are using is working for the first time. j jetblue is not one i would buy you. >> make people suffer and shake them down for bag fees, kid fees. >> cookies! everyone hates them. charles: you have to separate your emotions from making money. >> charge you for exit seats, first class, coo

>> well, the airline companies have found religion. they have rationalized pricing and capacity.is company is very well managed. it has a different root structure. stocks have done well but we believe we could do another 10 or 15% in the next year or so. >> and boeing which is obviously related to the airlines but in a different way. do you like it? >> well, you have about a four-year back log on that new 787 plane which is extraordinarily fuel efficient. so as the airlines continue to make money and look to upgrade their fleet with better technology, better fuel efficiency, this plane is getting a disproportionate amount of interest. >> we started with an a, went to a b, now to an h. home depot and the consumer. >> the consumer is back, it was the worst christmas since 2009, but easter was pretty good, the weather is rebounding so you will get good market and lawn sales, we do not believe the housing market is dead. depot has been going side ways and we believe the stocks will go higher as the transition materializes. >> the fed is probably going to end its buying of bonds somet

that the american taxpayers are subsidizing to compete with your airline. and that puts you at a disadvantage. >> that's exactly right. the prime examples would be singapore airlines, which is owned by the largest sovereign wealth fund in the world. our government finances the airplanes. the largest oil company -- oil-owning company in the world is abu dhabi. it has the largest oil reserves in the world and owns and operates a government airline. our treasury finances their airplanes well below market to fly into our markets. >> now, one of the things you mentioned in your testimony, too, is that you said that you did not support reauthorization of xm bank because you kind of felt like you got double crossed on the last reauthorization. but you would support possibly a reauthorization that had some reforms. do you want to elaborate a little bit on that? >> absolutely. our position has been consistent. it was consistent at the last reauthorization. language was put in the bill to fix these issues that hurt american jobs, and it was ignored. so we've take an

the united states. that's got nothing to do with this. our american airlines used to lead the world in these overseas routes. from the time that we reauthorized this with -- really, i say it's strong language, but it turned out it wasn't that strong. because it didn't forbid the sale. and i can tell you that they're going to -- as long as we don't forbid them, they're going to have them. because when mr. hochberg met with my office, and later when he testifies i'm going to show you my letter to him and his response which was a nonresponse. we've always got those. members also expressed to me some great concern on the australian loan. but there were members on both sides. i wrote chairman hochberg about that on behalf of several members on august the 2nd. we then inquired about the status of our letter, and we were told they were going to respond. december the 20th, i woke up to read in "the wall street journal" that the loan had been approved. after my august letter. no response. finally, on february the 19th, my office, two months after the loan was approved

fossil fuels entirely. >> australian officials announced another shift in the search for the missing malaysian airliner today. they said the underwater area will be moved even further south in the indian ocean and that the plane was probably flying on autopilot when it crashed. it has been nearly four months since it vanished with 239 people on board. but it's the biggest search operation in history. covering millions of square kilometers and using the latest military technology. hypersensitive microphones to fish for sound. sonar submarines to scan for wreckage. for months on, nothing. investigators thought they had pings from the plane's black boxes, but it was a false alarm. there is a new underwater search area, still huge, the size of norway. >> this is the best available and most likely place where the aircraft is resting. the search will still be painstaking. be fortunate could and find it in the first hour or the first day, but it could take another 12 months. >> experts are working on the thinnest of clues. basic satellite pings that were never meant for finding airplanes, and educated guesswo

the department says the airline was slow to publicize a phone number for victim's families and did nottact them until five days after the crash. the department of transportation said they are the first airline to break a 1997 federal law which requires airlines to provide prompt antigen roll assist -- prompt assistance to those families of victims who crashed. it was the last year when that plane crashed at fso and the on- site ntsb investigation wrapped up on july 15th. on july 19th, they determined 16-year-old girl died after being run over by a san francisco fire truck. on august 12th, they offered surviving passengers $10,000 each. on december 11th, the ntsb held an investigative hearing on the crash. make sure you stay right here all morning long as we speak. wewe will be streaming the meeting live and we will update facebook and twitter for you and we will have another live report coming up at 7:00. >>> a recent string of brush fires may be tied to camps and firefighters want to do something about it. we go to an area which has seen five fires in just four days, tara? >> it is pe

they are expected to make changes to the airlines as well. the boeing 777 was flying lower and slower and that it should have when it clipped the sea wall. that left three passengers dead and all of them were teens from china. >>> federal investigators say there was quite a bit of confusion in the cockpit about operating flight control systems as any approached the airport. the ntsb will focus in part on whether pilot training should be improved.. >>> we will look at how the crew relates to each other as far as any types of procedures. >> reports may also suggest changes to the design and it will analyze the emergency response at fso. one of the passengers was run over by two fire trucks. the analysts say the agency is likely guarded. that crash will be made public and it gets underway at 6:30 and we will be monitoring that event throughout the morning. el alex savage news news. >>> more details on the crash, in february the department the department of transportation fined them for failing to assist crash victim's families. the airline was sl

the airline says it passenger's flights were rebooked. a similar thing happened on a jetblue flight headed to boston. the investigation into this latest incident is under way. >> scary stuff. also this morning, severe weather has parts of the midwest and south waterlogged. flash floods in eastern arkansas. it forced residents in several towns to evacuate. problems in tennessee. roads in memphis were littered with cars stuck in three feet of water. in minnesota, the land of 10,000 lakes has a lot more now. storms and heavy rains caused flood damages to the likes they have never seen before. indra petersons has more. are they out of the woods? >> that is what we are hoping for, but not the case. we have a huge upper low matching up with the jet stream. all this combining with the surface low. all the perfect elements are coming together and we have the threat for severe weather. take a look at the moderate risk out there. the moderate risk, where you see the red is the enhanced risk or threat of tornadoes. we are talking 44 million of you ta

how the airlines plan to fight back. >>> two children, the latest to be blown in the air on a bounce slide tossed nearly 300 feet by a gust of wind. a new federal investigation tonight. >>> and consumer alert. we investigate your favorite foods shrinking at the grocery store while the price tag says the same. how to stay on the lookout and spot it for yourself. >>> a good evening to you on this monday night we begin with the fast moving story of american bowe bergdahl and the fire storm over the deal that released him from captivity. five taliban leaders have gone free in the deal and lot of people arguing too high a price to pay. other people wondering about the young man who wandered off his post. the only thing everyone seems to agree on those sent to his rescue were heroic. our coverage of the release of bowe bergdahl begins with martha raddatz. >> reporter: tonight we are hearing stunning accusations for those who risked their lives to save him with even a former senior defense official calling bergdahl a deserter. >> reporter: tonight the question -- who really is bowe bergdahl

airline pilots in the u.s. and canada. before becoming an airline pilot captain moak served as a marine corps fighter pilot. last but not least, steven wilburn is the chief executive officer of firm green, a newport beach based energy company that participates in virtually all aspects of the green energy business. before we proceed, mr. wilburn, we have one clerical matter to clean up with you. we received two different copies of your testimony. one 6:00 last night. in that testimony, in that version, when describing why your commercial bank officer could not provide financing to a brazilian company, you said, quote, simply out of the question given the new t.a.r.p. regulations and the then new dodd/frank legislation. a couple hours later from the democratic staff, we received a new copy of your testimony that struck that language and included the reason, quote, reluctance of banks to support small business exports, unquote. to ensure for the record we have the correct copy of your written testimony, which did y

remember, the airlines have acted more or less as growth stocks in this market. ese were considered uninvestable asset classes. today the trade reversing. the question is whether people might be seeing the end of a trend, a chance to get out. maybe they are forced to get out. >> i think there's going to be some profit taking in the hedge fund community. hedge funds didn't do all that well last year except for a few. they're not doing well this year. they'll take profits where they can find them. while iraq is something we need to worry about in the market, i don't think so yet. but if this is a problem like we had have in turkey, then this in you look at your portfolio an decide where do i want to be. >> we'll talk that out in the next block. we have some guests specifically to talk about us. >>> couple other interesting developments in this market today, technology being one of them. jon, is it just a twitter-specific kind of day? there's amazon launching its music server. >> tech stocks overall didn't even do that much. i take a look at my list. a lot of things

the entrepreneurial spirit continued as more and more airlines took to the skies.ys blazed a trail across the atlantic with jet aircraft and trumpeting service. >> a new concept in air transportation. the trevail has been taken out of travel. the concept of risk and reward eventually went into reverse. panam couldn't survive. the ceo of the airline industries trade association tony tyler has seen them come and go. >> these names have come and gone. that tells us that consolidation is the way forward in this industry. it brings a new business model, that's something else that has happened over the years. every airline starts off with a new model and a new way to go. >> risk and reward is everywhere in aviation. a stroll through the engine display at the london science museum ends up at the rb 211 built by rolls royce. this more than perhaps any other engine symbolizes the contradiction in aviation. on the one hand sit is a technology marvel. ushering in a new generation of power plants. >> what we need in this industry to be really successful is a global mind set. t

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