u.s. airways now. why am i so confident?ven when i hated the industry before, the last airline mergers, wow, when we have seen it before, with u.s. airways, as deutsche bank points out. back in 2005 they merged with america west. small airline pursuing a larger airline that was operating under chapter 11 bankruptcy protection. america west popped 7%. for the next month during the justice department 30 day waiting period the stock did nothing. they waited to find out if they had any issues with the deal. now once the waiting period ended and it turned out that the justice department was fine with that transaction, america west surged 54%. i want you in something like that. the next day u.s. airways came out of bankruptcy and from then on it was off to the races still. as stocks soared over 200% over the next year. this time around i think u.s. airways could perform like america west did in 2005. i think the sky is the limit. sky airways. get it? when the facts change i have to change my mind. this industry used to be a giant

u.s. airways. we'll show you that right after this discussion about the merger from saturday's "washington journal." host: you are looking at the main concourse at reagan national airport here in washington, d.c. we will be showing you activity at the airport as we continue our program this morning. we will be talking about the state of u.s. air travel. here to talk to us about that is karen jacobs. she works for reuters and covers the airline industry. she comes to us live from atlanta, georgia. good to have you here. the faa will announce on monday which air-traffic control towers will be closed in april due to sequestration. what should travelers expects regarding how they are going to get from one place to another and how that will be affected by the sequestration? guest: the sequestration can have a disrupting affect on u.s. air travel. the faa has said that it would be forced to furlough air- traffic controllers, which would mean there would be flight delays. secretary of good has mentioned p

u.s. airways. i think it is nothing but good for american and it is good for the state of texas and good for the dallas-fort worth area. >> a follow up question i would ask of both of you. in my view, the surest protection of consumers is vigorous competition. and the question i would ask both mr. parker... and mr. horton is -- post- merger, in your judgment, what would make the new american and more effective competitor and able to compete more vigorously ofh other airlines in terms prices and service, in terms of providing consumers ultimately with a better product? >> >> i will start. i think aviation is a very important industry. it's an industry where we have not in the u.s. been -- we haven't been a global leader because... the turmoil of the last decade. the u.s. invented aviation so i think we should have the best airlines in the world. that is what this is really about is creating an airline that is not only the largest but can be the best in the world and will have the financial capacity

u.s. airways have going for them is u.s. rways in particular which had pursued a merger with american, they started that shortly after american filed for bankruptcy protection in late 2001. they were able to reach agreements with the three major unions at american which represents pilots, flight attendants, and ground workers. they gained their support for the merger, which i think is a factor which helped the deal come to fruition. this deal has significant support among a good many employees who would be affected by it. i would like to go back to what the caller said about the effects on consumers. he mentioned he was a continental customer. i think that points to some potential problems with integration that you can have in a merger. the united-continental deal occurred in 2010. united-continental is the world's largest carrier. that will change assuming the american-u.s. airways deal goes forward. one thing united has talked about this year is how disruptions caused by switching over to a new reservation system alienated

u.s. airways is merging with amr, the parent of american airlines hence why i told you to buy u.s. march 5th for a 17% gain in two weeks and more than 10% today. i believe it will be given the justice department seal of approval, well, they approved all of these other transactions you will have three -- you will have three big players dominating the whole industry to include the next biggest airline, southwest and the top four players will control 80% of passenger revenues by volume. that's the very definition of an oligopoly. you land on it and you'll pay an awful lot of money and they have much larger barriers than they did nine or ten years ago and they'll make it far more difficult to borrow money. boeing and airbus, the two big makers of commercial aircraft. >> see the indonesian deal that went to airbus? they can't build them fast enough and even the currently grounded dreamliner and unlike the old days when they would overproduce aircraft. and undercut the existing players and the prices on like jetblue did in 1998. there hasn't been a meaningful u.s. airlines start-up in ye

u.s. airways flight to florida. when he told there were no seats available and these said he hated americans. he then boarded the plane and got into the cockpit. that is when cops and took the imposture into custody. >> a massachusetts woman is on quest to thank a stranger for a random act of kindness towards her and her boyfriend who is deployed in afghanistan. she returned to her car on sunday after picking up a cup of coffee. she spotted an envelope on the windshield. she thought it was a ticket but it turned out to be a note from a veteran who spotted a stick other her car half of my heart is in afghanistan. it contained $40 and noted thanking her boyfriend for his service. she plans to donate money for someone else in need. >>> let's go back. we talked with sandhya patel about the wind that is out in tonight and more is coming. >> by morning we'll see gusty winds and going up early tomorrow morning. live doppler, not tracking any rain. it's pretty clear across the bay area with the patch of fog around half moon

u.s. airways flight to florida. when he told there were no seats available and these said he hated americans. he then boarded the plane and got into the cockpit. that is when cops and took the imposture into custody. >> a massachusetts woman is on quest to thank a stranger for a random act of kindness towards her and her boyfriend who is deployed in afghanistan. she returned to her car on sunday after picking up a cup of coffee. she spotted an envelope on the windshield. she thought it was a ticket but it turned out to be a note from a veteran who spotted a stick other her car half of my heart is in afghanistan. it contained $40 and noted thanking her boyfriend for his service. she plans to donate money for someone else in need. >>> let's go back. we talked with sandhya patel about the wind that is out in tonight and more is coming. >> by morning we'll see gusty winds and going up early tomorrow morning. live doppler, not tracking any rain. it's pretty clear across the bay area with the patch of fog around half moon

u.s. airways flight to florida.n he told there were no seats available and these said he hated americans. he then boarded the plane and got into the cockpit. that is when cops and took the imposture into custody. >> a massachusetts woman is on quest to thank a stranger for a random act of kindness towards her and her boyfriend who is deployed in afghanistan. she returned to her car on sunday after picking up a cup of coffee. she spotted an envelope on the windshield. she thought it was a ticket but it turned out to be a note from a veteran who spotted a stick other her car half of my heart is in afghanistan. it contained $40 and noted thanking her boyfriend for his service. she plans to donate money for someone else in need. >>> let's go back. we talked with sandhya patel about the wind that is out in tonight and more is coming. >> by morning we'll see gusty winds and going up early tomorrow morning. live doppler, not tracking any rain. it's pretty clear across the bay area with the patch of fog around half moon bay

u.s. airways that could result in the biggest airline. the 11 billion-dollar deal has to be approved by the department of justice and u.s. airway shareholder however the deal is expected to close by fall. a judge did not approve the 20 million-dollar severance package for the out going ceo after the department of justice called it effective. he's expected to rule at a later date. >>> stocks with lingering concerns how the financial bailout is being handled. the dow lost and nasdaq gained four. chuck reed helped celebrate the 71,000 square foot facility in san jose today. they have been in the city for more than 25 years but the new facility is triple the size of the former one and will allow the company to add new jobs and create shifts. it's encouraging with the work expanding. >> we discovered along the way that having the manufacturerring close to the invasion helps with invasion process. >> they provide a wide range of services for telecom hewn case, networking, wireless and more. >>> one person is dead and 19 others have been hurt in

u.s. airways network. they're going to do everything u.s. ervous when it's not? >> no, i think in terms of why don't they own the plane themselves? >> does it seem like there's been a lot of deaths -- take it back. >> please, please. you know i'm a very nervous flier. >> how long has it been? >> i fly all the time. >> last time you said that one happened, though? take it back. >> take it back. >> the safety record is -- it boggles the mind. isn't it 50,000 takeoffs and landings a day in this country? >> it's the safest means of travel in the world. >> these lights are much -- >> yeah. >> any minute. >> burned my laptop one time. you laugh, but -- >> or an asteroid. >> we keep harping on this whole idea. and i understand businesses, the airline industry more than any other industry needed to find ways to make it a smarter business. i also know i fly a lot. and i have run into trouble with just about every airline recently. seems like it is tougher to, a, find a plane that's going to get me there in the time i want to get there. and happened ov

u.s. airways are closer to landing a merger after winning approval from a bankruptcy judge yesterday. it leaves just three major u.s. airlines in the market. a controversial $20-million severence package for amr ceo tom horton was not approved. the department of justice and u.s. airways shareholders still have to approve the deal. ponzi schemer bernie madoff is casting blame from behind bars. the convicted con man who bilked $50 billion out of unsuspecting investors says banks "knew" about his ponzi set up. madoff reiterated to marketwatch.com from jail: "i have said that the banks must have known and were complicit and contributing to my crime." madoff hopes this will "prove helpful in future regulation of the appropriate institutions." the new york times reports prosecutors are checking into whether jp morgan failed to fully tip off authorties about madoff's suspicious finances. banks in cyprus are re-opening the doors, but not without some intense banking restrictions for the island's citizens. cyprus has imposed severe capital controls to avert the likelihood of a bank run. the new

u.s. airways were cognizant of that trend.we were unable to participate in that series of mergers, and tell now. last month we announced we had signed a merger with to build the largest airline in the world. we are very excited about what that means for the customers, employees, investors, and communities we serve. business depends on being able to meet our customer's needs. with the merger of us airways and american airlines, we are confident we can do that. job our demand in 2005 decisions to combine. -- drove our decisions to combine. compelling isso that u.s. airways, american airlines networks are so complementarity. out of the more than 900 domestic nonstop routes, we only overlap on 12 nonstop flights. that means we are going to need all of the aircraft, all of the , and will retain service to all the communities we serve independently after the merger. the merged airline which will retain the american name will provide thousands of passengers better alternatives including more than 1300 new connecting opportunities and

u.s. airways and american airlines can move forward with plans to merge and create the world's largest airline familiar with the planned merger says, a federal bankruptcy judge gave approval today. federal regulators still have to give their ok. the combined u.s. airways and american company will join united continental, delta and northwest airlines as well as southwest air at the industry's dominant players in the united states. together, they accounted for 83 percent of all u.s. airline passengers last year. >> you better use for delta sky miles while you can. under the rules that went into effect this month your miles will die when you do. a delta policy is to allow members to leave their miles to family or friends. a spokeswoman for the atlanta based carrier said the bonus miles intended to reward those for his bed in the program. united, southwest and the jets blew already have similar rules in place. on the positive side, delta sky miles never expire as loud as you are a live. >> new technology is being unveiled at the new york auto show. honda introduced a minivan fully loaded and even

u.s. airways and american are merging. it needs approval by the department of justice. that is something we are watching. typically the mergers take about 18 months to close so we have time. if you have frequent flyer miles with american or u.s. airways you might want to e-mail into the airline tell them what you want so when they do baecome on airline they will be friendlier with the miles. >> you mentioned it still has to be approved federal regulator. is that expected to happen? >> it is actually. it would be 6700 daily flights. it is expected to get the green light. that can happen around the fall believe it or not. it's soon. >> get ready if you have your freak lent flier miles. >> paying the rice for a lot of problems in the past. betwe a billion dollars? >> $100 billion. that's what we are looking at for the bank's bad behavior. that's according to the wall street journal. >> it is less money available for dividend payments for shareholders and to lend out and also on the share price. first with the financial crisis the top four sus banks have shelled out $61 bil

u.s. airways is closer. a federal bankruptcy judge gave his okay to form the world's biggest airline. department of justice have to sign off on this deal. a merger creating an airline with 6700 daily flights. >> one major u.s. airline say whug die your miles die with you. michael finney says that is not all airline autos it's starting to get very, very personal. airlines may start watching our wae. i'll start with delta airlines. a policy says if you die your loved ones can no longer inherit your miles. delta says miles are supposed to reward the person learning -- earning them, not their families and most major airlines don't let survivors inherit miles. however, they may start watching your weight. a study out of norway says every two pounds of weight costs $3,000 peror for fuel so passengers should pay more if they weigh more but is that fair? >> for kids might be a good idea. >> men are larger than women. are they going to have to pay more to fly? >> one airline already charged by the pound. samoa airline out in the pacific. tax season has rolled around again. many californians ma

u.s. airways and the u.s. air marshalls and coalition of airline pilots.y have all come out in opposition to this. pistole says terrorists remain focused on using explosives to bring down aircraft and this decision, he says, will free up screeners to focus more on searching for explosives. >>> ed asner has been hospitalized with what was described as exhaustion. he's touring in his one-man show. he was appearing last night in gary, indiana. he had to be taken off stage, transported by ambulance to the hospital. ed asner, aka lou grant, is 83 years old. >>> on wall street here in new york today the dow continued its record-breaking winning streak. now nine days in a row. first time that's happened since 1996. >>> we are back with more from rome and some of the incredible moments you may have missed from this history-making day. >>> we are back with another look at what is one of the last remaining truly global spectacles -- the naming of a new pope in st. peter's square. it's one of the things left unchanged in the modern era of social media. it remained a

u.s. airways, one of the many, tal talking about that ear in the show.ecifically talk about that. that is one of your top picks right now. >> the energy business is equivalent to the industrial revolution. the next 10 years could be fantastic. our favorite area is the deepwater drillers. very low multiples, but yet we're going to see a rig shortage and as we find more and more, technology allows us to find more and more deposits in the gulf, in the deep waters that weren't even possible five and 10 years ago these companies will do extremely well and they will trade up. cheryl: i mentioned one of your top holdings, but another specialty we want to bring to your attention, shoe carnival. >> not a big name. hard to find growth in this industry, but a little company basically serves the family shoe channel, so to speak. but they have 350 stores and we see that growing to about 700 stores. it'll be a really good growth vehicle, but shoes are one thing that we noticed aren't really sensitive to the economy, people continue to buy shoes and around 21 probably

u.s. airways flight 400, on board this man, tim sanchez u.s.reserve. >> it's an honor. >> reporter: she patiently waited inside terminal one with balloons in hand. just like that, the man they call a true american was finally home. >> he's an awesome dad and great husband. he loves his country. >> reporter: to tell the story of tim sanchez, you got to go back to his roots. he remembers the rough streets. now to his story, he hopes to inspire the youth who live here today. sanchez says with the help from his parents he steered clear of trouble in this oakland neighborhood. >> it's a tough situation. >> reporter: a successful businessman touched by the 9/11 attack, he joined the military. >> i'm not doing it for the money or career. i wanted to contribute. >> reporter: his god mother is barbara. >> there's a heart felt feeling what's going on in oakland. >> reporter: a man true to his roots with a message to the youth who live here. >> the thing i would say is to keep dreaming. i think these kids dream enough. they're limited by what they see aro

u.s. airways. the $11 billion agreement must still clear the justice department's anti-trust department. that's expected to take until this fall. once the deal is done, the merged company will form the world's largest airlines. >>> the stale of california filed a case for anyone for voter approved bond. the lawsuit which centers around $8.6 billion in voter approved bonds is being described as a preemptive strike. its goal is to sure its legal for the state to issue some of the bonds needed to begin construction on the bullet train this summer. where and when the case take place is not known at this time. >>> weather has been so dry lately. we can use a awful lot of rain. bill martin, that is not at all what we're getting. >> not going to happen. i know more activity on the weekend. it's just the way it is. the bring month is here. outside we've got clouds and we've been talking about those. we have a few springs fall out of those clouds earlier today in san francisco. little bit activity in southbound and san jose area. numbers in the 60s. tomorrow similar to this, unsettled pacific but

u.s. airways jet in philadelphia. how about that? from our fox affiliate in philly has our story. >> police say 61-year-old french national felipe jonard posed as an pilot. he is not a pilot at all. weighs wearing air france shirt. he carried air france bag. and he had some identification that looked like he was a crew member from air france. >> after being denied a seat in business class. police say jonard got upset, even telling the flight crew he hated americans. but eventually ended up in the cockpit sitting in the jump seat right behind the captain. >> he portrayed himself as a pilot. he gained access to the cockpit. a few minutes after that that they learned that he was not a pilot and police were called. >> airline passengers were shocked to hear of the breach security, especially passengers flying on that same u.s. airways flight a day later. >> not even a licensed pilot? that's more than uncomfortable. i would not say that's going to look good for the airport or the airline that let him on. >> all the security we do, what is

u.s. airways.he largest carrier in the world. but the judge did take issue with one part of that merger agreement, a ceo golden parachute. it's an $11 billion merger, bringing together american airlines and u.s. airways. understood the deal the new company would service 900 destinations, with 120,000 employees. the merger is backed by american's creditors and by the major labor unions, whose workers will see pay raises. a bankruptcy judge approved the deal, except for one part. the lavish payout to the outgoing ceo of american airlines. >> there's a bit of outrage. tom horton is leaving american airlines, about a year, and he's going to get $20 million in stock and cash. lifetime flight privileges, office for a couple of years. and some people are grousing. >> reporter: the loudest objection has come from the trustee in this case, who in court filings said, quote, the debtors are permitting the ceo and the insiders of this bankrupt company to hold this deal hostage to their self-interested, self-de

u.s. airways says no door was ever closed. the passengers were never in any danger.uspect is now facing five different charges. shep? >> shepard: something similar happened the end of last year, didn't it, trace? >> yeah, it was italian man who claimed he was a pilot who snuck aboard another european airline and into the cockpit. this time he flew from italy to germany before the authorities caught up to him. they think he did it at least two, maybe three times before that but nothing compares to this guy. his name is frak be a bin gail. the phony pilot who flew some 250 flights for panam back in the 1950s. and before the feds ever caught up to him, he had logged more than a million miles. he, of course, was the subject of leonardo decap preio's role in the movie catch me if you can. shep. >> shepard: trace gallagher live tonight. thanks. you generally don't expect to see cessna in your rear view mirror. one went rolling down the freeway in southern, keisel after the pilot had to make an emergency landing right there on the road. he reported he lost engine power. nob

u.s. airways merger.ittee wrapping hearings on whether the airline tieup violates antitrust laws. mike thinks so. the committee needed to hear that. director moss joining me now for the first on fox business interview. diana, thank you for being here. i know the hearing went a little bit late, but exactly what would your recommendations be here? would you say that we should not have u.s. airways and american merge at all, or would you put conditions on the merger? >> yeah, thanks for having me on. that's a good question. you know, at this stage in consolidation after six big mergers that have come through that changed the landscape of the aviation industry in the u.s., that's a tough one. i, you know, the analysis we've done and the discussion we just had points up a lot of really important tidbits that make up the bigger picture. that said, maybe we shouldn't have the emergencier go through. at a min hum -- >> assuming the argument is fares go up, flights restricted; is that correct? >> that is a high li

u.s. airways group. that merger is expected to be finalized in the third quarter. it's a dark day for solar panel company suntech. one of the largest makers of solar panels in the world defaulted on a $541-million bond payment. the industry continues to hurt under a glut of solar panels. suntech's stock now trades around 64 cents. the mayor of new york is taking on cigarettes as a follow up to his anti-sugar campaign. tomorrow, mayor bloomberg will propose two bills to the city council requiring retailers to keep cigarettes in a drawer or other hidden location. smoking rates have declined in canada, where such rules have gone into effect. phillip morris opposes the bill and tells us: "to the extent that this proposed law would ban the display of products to adult tobacco consumers, we believe it goes too far." the supreme court will listen to arguments from a generic drug company in a critical case. millions of dollars are at stake as mutual pharmaceutical asks the nation's top court to overturn a $21-million jury award to a new hampshire woman. she took the compan

u.s. airways stock?> > i have been looking at this one for a while, and it has recently had a nice little pullback. on the daily chart, it got down to $12.70, and then it had a big tail on the bottom - big tail means aggressive buying. on friday the stock surged up to $13.95. also we have seen unusual option activity. i have seen a lot of calls being bought, and a lot of traders talk about this a lot, calls being bought on the march 14 line and the april 14 line. so i am long lcc by buying the april 14 calls. i am on long those for about 61¢. > do you anticipate this volatility will continue in this stock? > > yeah. also, the airlines have looked pretty well. the market looks a little dicey here, the market kind of seems like it wants to roll over, but we also see oil heading lower, and oil heading lower is good for the airlines. i am also long calls of luv. that stock is at $13.82, that is a 52-week high. i think lcc, if it can pop through this $14 level, it can get to the recent highs of $15.50. and if

u.s. airways, american and delta, oppose allowing small knives on board. so does the union representing the tsa's own screening officers. >> i just don't believe that there is a place for knives or weapons of any kind on airplanes. >> reporter: but the agency insists since cockpit doors are now reinforced small knives do not pose a serious threat to an aircraft while explosives remain a threat. tsa chief pistole showed a video to make his point. >> this is the type of device i want our security officers looking for. >> reporter: in a twist the obama administration's tsa is getting support for its new list of what's allowed from some republican lawmakers. >> i want to commend you on this list you have come out with. i would like for it to be a little longer, but you have made a good start. >> reporter: while some democrats are threatening legislation to block the new rules. >> this tsa knife policy will not fly with the american people. we will not rest until america's flight attendants, pilots, air marshalls, and passengers are protected. >> reporter: but

u.s. airways, american and delta, oppose allowing small knives onboard. so does the union representing the tsa's own screening officers. >> i just don't believe that there is a place for knives or weapons of any kind on airplanes. >> reporter: but the agency insists that since cockpit doors are now reenforced, small knives do not pose a serious threat to an aircraft. while explosives remain a threat. and tsa chief pistole showed a video to make his point. >> this is the type of device that i want our security officers looking for. >> reporter: in a twist, the obama administration's tsa is getting support for its new list of what's allowed, from some republican lawmakers. >> i want to commend you on this list that you've come out with. i'd like for it to be a little longer. but you made a good start. >> reporter: while some democrats are threatening legislation to block the new rules. >> this tsa knife policy will not fly. with the american people. we will not rest until america's flight attendants, pilots, air marshals and passengers are protected. >> rep

u.s. airways want to combine forces. rene marsh is here.in, what does this mean for the passengers? >> i was just going to get to that, because i know you two fly a lot. the big question is, what does it mean? a lot of the consumer advocates say this is bad news for the passengers. brianna, i know you travel, so what does it mean for frequent flier programs, for example. for two companies the program would become one. advocates that simply means a larger pool of fliers will be fending for fewer seats and upgrades. but the airlines say not true. higher fares, delayed and fewer flights to small and medium sized cities, devalued frequent flier miles. consumer advocates say it could all happen if the justice department okays the $11 billion merger of american airlines and u.s. airways. >> the whole truth, the truth and nothing but the truth. >> reporter: airline ceos under oath and on the record, lawmakers on capitol hill pressing them on how you'll be affected when you fly. >> we have to get answers for the people of this country. whether it's

u.s. airways flight 400, on board this man, tim sanchez u.s. navy reserve. >> it's an honor. >> reporter: she patiently waited inside terminal one with balloons in hand. just like that, the man they call a true american was finally home. >> he's an awesome dad and great husband. he loves his country. >> reporter: to tell the story of tim sanchez, you got to go back to his roots. he remembers the rough streets. now to his story, he hopes to inspire the youth who live here today. sanchez says with the help from his parents he steered clear of trouble in this oakland neighborhood. >> it's a tough situation. >> reporter: a successful businessman touched by the 9/11 attack, he joined the military. >> i'm not doing it for the money or career. i wanted to contribute. >> reporter: his god mother is barbara. >> there's a heart felt feeling what's going on in oakland. >> reporter: a man true to his roots with a message to the youth who live here. >> the thing i would say is to keep dreaming. i think these kids dream enough. they're limited by what they s

u.s. airways it's just a delay not a total cancellation. >> happy friday. >> happy friday to you. >> first degree weather update with janice dean. the parade should be okay in new york city but it will be dress . spring is five days away hopefully mother nature is listening. we have a system that is moving across the northern plains bringing snow and freezing rain across portions of the dakotas in towards minnesota. we have snow advisories through this morning and winter weather advisories through the northern plains where we could get a couple inches of snow. it could cause a new sense. 32 in minneapolis 31 in chicago. warm across the plains and even in phoenix we set a record yesterday 92 degrees that's the warm spot. we will watch a developing storm system. as we head into monday and tuesday perhaps a coastal storm to the northeast. blue line is the freezing rain. south of that will be a rain event north of it could be snow some impressive amounts of snow. >> i know i am supposed to have good news for you. >> i know it's friday. >> we will take it. >> straight ahead a video that is guar

u.s. airways world mastercard. for every $1 spent, you get two miles or two points. >> if you don't fly a particular bank card is the way to go they let you earn on purchases you make then use them to buy tickets on any airline. >> consumer reports says bank cards are not subject to blackout dates ask points don't generally expire. good cards are american express premier gold, and then, pin fed american express. a real benefit with all three there is no annual fee the first year. if you choose wisely a great vacation could be well within reach f you're a mem of several programs consumer reports says you're probably better off with one of the high end american express cards like amex premier rewards gold. also nice thing is that you're not stuck with just one airline or what they say is available. points go beyond that. >> something like amex you do have to pay to have it but it pays off? >> there you go. that is what you've got to check out. >> thank you. >> good stuff. >> yes. >> plenty of dogs exhibit strange beh

u.s. airways flight 400, onboard this man, u.s.y reserve special ops command. >> it's such an honor to have him out there fighting for our family's freedom. >> reporter: just like that, the man they call a true american was finally home. >> he's an awesome dad. a great husband. he loves his country. >> reporter: to tell the story of tim sanchez, you've got to go back to his roots. he remembers the rough streets, it being a rough neighborhood, and now through his story, he hopes to inspire the youth who live here today. sanchez says with the help from his parents, he steered clear of trouble. >> it's a tough situation to see what's going on in the city. my heartbreaks for the city. >> reporter: he even jumped into wall street. a successful businessman touched by the 9/11 attack. >> i'm not doing it for the money, not doing it for the career. just simply wanted to contribute. >> a heartfelt feeling of what's going on in oakland. we always talk about that being his roots and going back. >> reporter: a message to the youth who live her

u.s. airways flight 400, onboard this man, u.s. navy reserve special ops command. >> it's such an honor to have him out there fighting for our family's freedom. >> reporter: just like that, the man they call a true american was finally home. >> he's an awesome dad. a great husband. he loves his country. >> reporter: to tell the story of tim sanchez, you've got to go back to his roots. he remembers the rough streets, it being a rough neighborhood, and now through his story, he hopes to inspire the youth who live here today. sanchez says with the help from his parents, he steered clear of trouble. >> it's a tough situation to see what's going on in the city. my heartbreaks for the city. >> reporter: he even jumped into wall street. a successful businessman touched by the 9/11 attack. >> i'm not doing it for the money, not doing it for the career. just simply wanted to contribute. >> a heartfelt feeling of what's going on in oakland. we always talk about that being his roots and going back. >> reporter: a message to the youth who live

united airlines sales up, southwest, u.s. airway is called all of which have a paris today. which are hitting multi year highs. united and delta and jetblue hitting 62 week highs, a couple of factors go into play. obviously oil which has been favorable for the most part, obviously capacity, they have been full to capacity and have higher fares, that helps their margins and they are dealing with a snow storm, but that is something that is temporary and they are used to that but airlines that doing very nicely. liz: charlie gasparino came up with the new name for you. the money -- are you afraid to say it? it is so flattering. the extra money is what he calls you. nicole: very nice. we know where money honey came from. liz: super, there you go. >> going in front of the sensitivity committee in five minutes. liz: he is touchy, not sensitive. go with me, it has been quite a day for the dow, record highs on the s&p 500 and retail investors starting to wake up and get food, a little late. some hedge funds are not buying into a. should you be concerned about that? we are supposed t

u.s. airways plane going to florida and made it all the way into the cockpit.ard became argumentative when the crew asked for his credentials. he's being held on $1 million bail. >>> the federal aviation administration made a list of closure today. those that are staffed by private contractors so the future of tower operations at bay area airports such as napa, concord and livermore is still unknown. >>> famed ground hog punxsutawney is being sued. the prosecutor wants to hold phil personally responsible for the faulty forecast. many states are still seeing snow and temperatures in the teens. the prosecutor is everyone calling for the death penalty. >> ouch. >>> officials in san francisco are celebrating the completion of three conservation projects. the prompts are prompt -- the projects are expected to save millions of the gallons of water a year. >> we removed about 30% of the turf grass. we install add better irrigation system. spent about $1 million doing that and we're saving about 2 million-gallons of water a year. >>> around the bay area today warm and

u.s. airways. many 9/11 families are up in arms. pocketknives are too close a resemblance to box cutters, which was the weapon of choice of the hijacke of the 9/11 catastrophe. weent and saw what you had to say about these changes. >> how would you sit down with someone having one of these next few. >> we just flew in from nebraska. i don't want to fly with any passenger with a knife in their pocket. i mean, back in nebraska in farm country, all of those fellows carry a knife in their pocket, that's routine, but not when we're flying on an airplane. >> i don't see why we need to bring small knives on an airplane. >> in mississippi, most people have pocketknives. on the same note, it could be a problem on the pla. >> a blade as a blade. it doesn't matter the size. you can still do lethal force even as a small pocket knife. gerri: i'm trying to figure out how a knife is safe a bottle of lotion isn't. the tsa chief will testify tomorrow before congress, about allowing knives on planes. my next guest says this is really dangerous. marcu

u.s. airways is going to take his place. now the justice department, the u.s.ng big problems with it because the bankruptcy code, as you know, was rewritten in 2005 to prevent just this kind of thing, and they're saying, hey, you're saying that the companies will be combined and so they're not going to be in bankruptcy anymore. come on. we see through this. this should not happen. the fact we are evennwasting court time on this but my mind. that is a good question. talking about whether or not this guy should get all this money. ashley: part of the overall agreement on the merger. >> but can you agree to a merger that is illegal? mean, you know, illegal under law. you cannot write a contract that is illegal under the law. that doesn't work. ashley: the ultimate payoff for failure. tracy: he is laughing all the way to the bank. you going to talk about this tonight? >> we will be with an attorney, you betcha. we will be. ashley: we are on it. tracy: you're at the car show. >> and not from around here. tracy: what did you sit in? >> let me tell you, the most amazi

u.s. airways and continues a trend that combined united and continental.e going back to three or four carriers and that's it? >> that's pretty much where we are today. i'm not a fan of it. it is what it is. it's one less brand and it's a situation where the airline industry is mature. there aren't a lot of them. the communities that want a new airplane, you might as well find a new spaceship. it's going to be a shrinking system, not a growing one. >> neil: michael, you got the sumo wrestling foundation on line one. thank you, my friend. >>> to chicago, you're looking live where teachers are protesting school closures. are they out to protect the kids or themselves? save our schools, don't close our schools. save our schools, don't close our schools. michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for ad

u.s. airways. the $11 billion agreement must still clear the justice department's anti-trust department.eal is done, the merged company will form the world's largest airlines. >>> the stale of california filed a case for anyone for voter approved bond. the lawsuit which centers around $8.6 billion in voter approved bonds is being described as a preemptive strike. its goal is to sure its legal for the state to issue some of the bonds needed to begin construction on the bullet train this summer. where and when the case take place is not known at this time. >>> weather has been so dry lately. we can use a awful lot of rain. bill martin, that is not at all what we're getting. >> not going to happen. i know more activity on the weekend. it's just the way it is. the bring month is here. outside we've got clouds and we've been talking about those. we have a few springs fall out of those clouds earlier today in san francisco. little bit activity in southbound and san jose area. numbers in the 60s. tomorrow similar to this, unsettled pacific but nothing is focused. nothing is really focused enoug

u.s. airways counter at the philadelphia airport.got angry when he was denied a seat in business class. passengers said he started screaming about hating america but still got on board the plane with a ticket. investigators say he was wearing a white air frans shirt and black leather jacket with tassels on the shoulder and he got into the cockpit. >> it's concerning because we don't know what his designs were. it could be just wanting to look at the cockpit to some other criminal designs. >> he was later arrested after not producing the proper credentials. no passengers were hurt. he is being held on $1 million bail. >>> the u.s. government expanding a cyber security program. that program scans internet traffic heading in and out of defense contractors but now the program is being expanded to include more private civilian run enterprises if. that means private sector employees at banks and utilities and transportation companies will have their e- mails and internet surfing scanned as a precaution against cyber attacks. this follows a

u.s. airways flight. he boarded the flight telling them he was a pilot for air france.s escorted offer that plane after failing to provide the proper credentials. air france confirms he does not work for them >>> the jackpot is up to $320 million. there have been 12 drawing without a winner. and the next drawing is tomorrow night >>> talk about march madness, harvard plays the arizona wildcats on saturday. >>> lawmakers could be a step closer to a bipartisan deal on immigration reform. chuck schumer told hispanic outlets about 90% of the issues including the path to citizenship are settled. meantime the immigration debate is hitting close to home for a group of fourth graders in california. they've launched a campaign to have their classmate return to the united states. in january, he and his family were returning from a trip to mexico, they were told their visas had expired and they were sent back to mexico. joining us is one of his classmates and his mother. so with a welcome to the two of you, i'm going to start with you. you call this the bring rodrigo home campaign

u.s. airways which is up from where i recommended it last tuesday.y're doing a different kind of airline, a nimble profit-hungry player named spirit. spirit. that symbol is save. that's right, save for you home gamers. spirit and save, the small ultra low-cost no-frills operator that's racked up an incredible track record. spirit has been profitable every single year since the economy peaked in 2007, including when oil prices spiked $147 a barrel and when business travel went into a recession it didn't matter. these guys didn't skip a beat. neither of these stopped the company from making money and that's where we had more than a dozen airlines and bankruptcies in the united states and how does spirit do it in 2005? the company brought in a new ceo and he restructured the airline so it can make money in any environment. right now spirit has 45 planes and they use those planes more efficiently than the competition. keeping them in the air eight, 13 hours a day versus the same for jetblue and 10.5 hours for southwest. the company outfits its planes wit

u.s. airways counter at the philadelphia airport. he got angry when he was denied a seat in business class. passengers said he started screaming about hating america but still got on board the plane with a ticket. investigators say he was wearing a white air frans shirt and black leather jacket with tassels on the shoulder and he got into the cockpit. >> it's concerning because we don't know what his designs were. it could be just wanting to look at the cockpit to some other criminal designs. >> he was later arrested after not producing the proper credentials. no passengers were hurt. he is being held on $1 million bail. >>> the u.s. government expanding a cyber security program. that program scans internet traffic heading in and out of defense contractors but now the program is being expanded to include more private civilian run enterprises if. that means private sector employees at banks and utilities and transportation companies will have their e- mails and internet surfing scanned as a precaution against cyber attacks. this follo

u.s. airways has to take every passenger on the plane safely to the next destination.n't be threatening, alarming the flight crew. this is inappropriate. so the feds are looking into this seriously. >> shepard: good. get 'em. >> that's right. that what i say. >> shepard: i just need a ticket to kansas city and they're hard to find. >> just get there safely. >> shepard: i need to get there might have to walk. nice to see you. >>> presidentpresident obama's t trip has now taken him to jordan, key u.s. allies but is facing growing unarrest among its people. president obama has had some very tough words about the future in syria where the president issued no threats to kill his people. [ male announcer ] dunes, desert, or trail, only rzr delivers. now's the time to buy during the polaris xp sales event. take your pick of our new limited edition rzrs and get financing as low as 2.99%. save even more with rebates up to $500... or totally customize your new rzr with up to $500 of free polaris accessories. razor sharp performance is waiting for you during the polaris xp sales

u.s. airways had to ground 350 flights, 20 american airlines flights were nixed due to the storm. let's get right to shannon travis. he's live at washington dulles airport. how's it looking where you are today? >> reporter: it's a bit of a ghost town here, soledad, although we want to tell our viewers the airport is open. we've heard a few jets take off here and there for a lot of the morning. mostly the sound that we're hearing are these big snow plows coming in salting the roads and moving the snow out of the way. in terms of those flight cancellations that you just mentioned, again, over a thousand. you mentioned united and u.s. air, i'll just rattle off a few more. american airlines for today cancelled 20. 360 cancelled yesterday. delta we're still waiting on word from them for flight cancellations for today. and southwest no major ones. one person that's hoping that he can find some rest here at the airport, because his flight was cancelled, was a man that we spoke with earlier on his way to a much sunnier place. take a listen. >> what are you going to do? >> i'm going to go