stake inros cut his american, but he still owns american and ual. leon cooperman owns ual as well.erhaps these guys are betting that this big decline we have seen will not be sustained. in the meantime, they have potentially felt some pain as we've seen these stocks tumble. pimm: thank you very much, julie hyman. let's take a look at some of the top stories crossing the terminal at this hour. former british prime in his or tony blair is leaving his post as the international community's desk prime minister tony blair -- former british prime minister tony blair is leaving his post as the international community's envoy to the middle east. a formal announcement is expected later today. he was appointed to the post in 2007. spain's government is calling for an overhaul of the common economic policy, according to a spanish newspaper, which says madrid wants the ecb to play a greater role in the beauty -- in avoiding future crises. the spanish government is said to be urging greater labor mobility as well as completion of a banking unit. betty: some trying moments last week aboard a sing

does still hold alaska and ual and some american airlines as well and leon cooperman holds ual as wellthe prospect for the airlines might be changing because the view on capacity is changing. last year, we saw a 3% increase in capacity. this year, that number could go up to 9%. these guys are staying in. we will see of these airlines can rebound beyond what we are seeing in today's session. scarlet: great context with the big investors. the big names invested in these companies. mark: let's take a look at the top stories crossing the terminal. regulators have cleared the way for a huge takeover in the cigarette industry. antitrust officials have approved the $27 billion purchase. they will have to sell for brands, including winston and salem to the british company imperial tobacco. scarlet: portis offering drivers d is offering drivers -- others include bmw mercedes. go into ahad to dissent to restore power to its engines after they both malfunctioned in bad weather. the plane was cruising at 39,000 feet en route to shanghai from singapore. one engine returned almost immediately but th

leon cooperman, as well, he holds ual also.o, we will see if we see an adjustment whether or not they will hang tight. much,: thank you so julie. top stories this morning, in london ford is offering drivers a chance to share cars. one-way rides with guaranteed parking. i'd love to know how that works. it is their attempt to tap into the growing market for on demand driving. others, like bmw have been building programs at citibank to offer car rentals by the minute. once again burger king is number two. the chain be wendy's last year to regain their place as the second-biggest fast food chain in the u.s.. they added more menu items and focused on value. the results was sales rose while sales at wendy's fell. to put it in perspective, mcdonald's u.s. sales are four times more than either burger king or wendy's. it is a great time for the great white way. broadway shows broke attendance and box office records in the year that ended sunday. their top 40 theaters drew more than 13 million people and sold one point third -- $1.3 bill

ual look like it's broken down now. that stock since january. most of these names except jetblue topped out one january. ual look like it's broken. delta looks like it can long around the $42 level. jetblue obviously traded down in sympathy today but i think that story is somewhat intact. i think when you hear mr. parker say we're going to act in kind, what he said is scary stuff. when one guy goes the rest go. delta goes 42 and jetblue. >> if there's trouble in airlines, there could be more trouble for transports which is a group that has not confirmed recent highs on the broader market. >> you southern like a dow theorist. >> the airlines all year haven't acted well. one or two maybe had new highs. they have been in down trends. when you broaden it out, fed exnever made a new high. ups had some problems. to me i think when you look at the airlines today it was just such a crowded trade. when you see the volume that traded to the down side and the ferocity of selling it may not be done tomorrow. there will be sellers on balances for days. >> ag

but, you know i can't prove ual, but this, obviously, but if they were to watch or listen to a discuss on television or read the newspaper about the e politics, about the great issues of our time, debate on television among pundits, would they be mystified? would they feel lost and adrift? they might not. they may say, there's a problem about race. they can't stop take talking about it. it's all over the place here. they got all kinds of rights my god, now, and there's, my god there's a black guy president but, god, they got problems withcal race. if they kept listening to tten o political commentary, more so perhaps, they'd realize we never got over state's rights and federalivesm federalism. they would hear debates all over the radio waves, all over television don't after debate lati after debate about the relationship of states to the federal government. they would say my god, they ederal never got over federalism. seemed like the civil war put that to rest, but by god, it didn't. they might not be surprised if they listened to our politics. john quoted from a couple soldiers' lette

of our trading partners, especially the japanese, that real quotas and domestic content requirements ualthose of other nations should be laid in place by the united states. schoumacher: john dingell was one of the leaders of a building drumbeat of protectionist feeling in congress and in the press. free traders fought back. in the middle was the nation's chief trade official special trade representative william brock. you know, they came to us and congress and they said, "you got to protect us." congress started talking about passing a bill to hold imports to maybe half the present level at that time. we didn't like that because we felt it was the wrong answer. and once you protect something like that, you can't get rid of the protection. so we talked to the japanese and we said, look, it takes five, six, seven years to re-tool to a completely new market demand. you can't just dream up a new car and put it out for sale. you have to design it, engineering, build new plants for it, build new machines to produce it. and that's a long-term process. and we suggested that it would be appreciat

the alleged rapist, 24 year old ual sen tone he's from hunting park. you got logan on one side and of course fish town on the other side, so not very far from his alleged home turf. karen, back to you. >> thanks so much, sabina, we appreciate the information. an agonizing conclusion to the new york murder trial of a man accused in the 1979 disappearance of a first grader aton page. a hung jury leading one of the nation's most gut wrenching missing person's cases unsold. he is accused of dumping the six year old to death. jurors could not reach a unanimous guilty verdict. a judge was forced to a mistrial. her in ans admitted to killing pace in 2012 but his lawyers say he is mentally ill and made the confession up. pace of course was one of the first missing children who was pictured on a milk carton causing national discussion. this is a woman in our area who buys a phone for her little girl who is 12 years old and then only to find out there's explicit pictures on it. the mom's name is keisha washington and says she bought a phone at stand up wireless,

ual pretty much flat. alaska airlines, among the airlines that's been one of the better performers.eir 52-week highs, about six members of the dow transports that's down less than 10% from those levels. so again today with the sell-off, we see the transports fall back into correction territory. back to you. >> mary thanks very much. >>> we'll come back with the closing countdown and see how we close things out. >> stay tuned, you're cnbc, first in business worldwide. in the us, three in ten college students drop out. but how can you spot who's at risk? the one who lives far from campus? the one who works the night shift? the one with new responsibilities? one thing can't tell you, but the right combination can. universities are using ibm analytics to understand pressures in and out of the classroom- some expect to cut dropout rates by twenty-five percent. ibm analytics is working to make education smarter every day. there's a more enjoyable way to get your fiber. try phillips' fiber good gummies plus energy support. it's a new fiber supplement that helps support regularity and inclu