so, have you been in good health before you went to united airlines?you shocked you had a heart attack? oscar: that is the one thing about heart disease. it is one of those diseases that you don't often know. i was a marathon runner, a vegan. i worked out as much as we can given our schedules. it was a bit of a shock to have that kind of a disease. not so much to have it as the others as it manifested. david: you were running the company. you came back from the heart attack. you said to your colleagues one day, i have to go do something today. by the way, i will let you know what it is. then you had a heart transplant. oscar: exactly. technically, the legal people have to say i was technically on medical leave. were mind, i knew we waiting for the heart but we really couldn't tell anybody for all the obvious reasons. on the morning of my birthday, i got a call from my doctor saying we have a heart for you. that's terrific, when do you need me in? well, not until this afternoon. we had a wonderful strategic conversation going on about the future of the

united airlines planning a major job cut. as a result, details are straight ahead payday, elon musk appears to be a bit richer this morning. it is tuesday, may 5 "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin. yesterday, the dow went from 362 to up 26 at the end of the session. right now, it indicates the dow futures are up another 368 points the nasdaq which was the big winner is indicated up about 60 points the nasdaq

market is saying we've got enough for now. >> phil, thank you phil lebeau with the latest on united airlines. mike, i'll go back to you. what do you, quickly, it sounds like it's an airline-specific issue. >> it is an airline-specific issue and there will be businesses that will be able to hit the reset button and i'm not sure that that necessarily applies to the airlines. there has to be some evidence that there will basically be a return for levels of air travel that's significantly higher and even if it increased dramatically, that's not going to get us to where we were we've all seen the statistics to levels that haven't been seen and of course, we're dealing with infrastructure in a very capital intensive business where investors are skeptical about where they recover quickly that's one of the things you need if you're going to loan money to somebody. i'm not surprised to see what we're seeing here and i think there's more uncertainty to come in that space. >> it looks like the united airline stock is dropping in the after-hours session down now 3.3% very quickly, carter, what does this

i love united airlines. host: ok. guest: thank you. i think that you are accentuating the fact that the airlines are really the people that make them up and aviation is all about connecting people and making those personal connections, so good to hear from you again. as far as the seat covers go, that has not made it into the mix, but there are efforts going on to try to think about how we best protectd people, and how we can best protect -- best follow through with cleaning. that the cabin is disinfected before we load them up again. so i think that is something that could certainly be considered. and we will be looking at that. but very nice to hear from you into thinking for focusing on the fact that airlines are not just people in a board room, it is all of us on the front lines who think of ourselves as family and we love being together. host: also on that line is rick. go ahead. caller: yeah, i am retired. i retired in 1995. i know about the cabin, the drums in the cabin and cockpit, you know, it is unbelievable. address are start

plus an internal memo from united airlines. we have it suggests up to a third of all pilots could be furloughed. a top official with united is out front. i just love hitting the open road and telling people that liberty mutual customizes your insurance, so you only pay for what you need! [squawks] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ and your medicine, abbvie may be able to help. myabbvie assist has been providing free abbvie medicines to qualifying patients for nearly 30 years. and in today's difficult times, making sure patients have access to our medicines matters more than ever. find out if you're eligible at abbvie.com/myabbvieassist find out if you're eligible when bugs move in we stress out and spray. well, we used to. new ortho home defense max indoor insect barrier kills and prevents bugs for up to a year without odors, stains or fuss. new ortho home defense max. bugs gone. stress gone. >>> tonight the race for a vaccine. scientists identifying 14 potential vaccines to focus on for preside

>> safety is in our dna as the number one priority here at united airlines. s been, always will be. we've led in safety initiatives throughout this crisis whether it's the first airline to require masks, putting up plexiglas counters, electrostatic spray. we announce ad partnership with the cleveland clinic and clorox to get experts in under the tent with us. helping us design the right scientifically sound policies for creating the safest environment possible and i'm confident we'll get this right at united airlines what we're doing right now is we are upgrading airplanes. that route you just talked about has bigger airplanes, already started flying we're on a daily basis upgrading 30 to 45 flights a day bigger airplane to promote social distancing on any routes where we have an aircraft available and given the number we have available to try to couple with social distancing. importantly, however, we also think it's important to get our customers where they need to go and in today' environment people that are flying need to travel it's medical professionals g

united airlines ceo oscar munoz joins david rubenstein to talk about actions he is taking to carriere the airline weathers the pandemic. ♪ staying connected your way is easier than ever.

we reduced our schedule to try to make sure that when demand does start to bounce back that united airlinesan bounce back quickly to meet that demand. >> reporter: despite outrage from critics who felt airlines were mismanaged long before this pandemic, the white house agreed to a $25 xwl billion bailout for the midge u.s. airlines comprised of grants and loans but some are still seeking billions more in federal loans to survive. is the government funding going to be enough? >> the assistance we received from the federal government was basically intended to cover our labor costs, our payroll expenses in the next six months and the truth is it only covers part of those labor costs in the next six months even including amounts we're expected to pay back to the federal government. >> every airline flying today is flying on taxpayer dollars. government funding for airlines will run out by the end of september. >> reporter: airlines are trying to keep costs down but still gearing up. the maintenance must be current so the planes can fly as soon as they're needed. at washington dulles internation

united airlines announcing plans to cut 30% of its management positions in october and telling pilotshey should brace for big changes as well. tom costello has the latest. >> reporter: with the nation's airlines fighting for their survival, new rules to keep both crew members and passengers safe. passengers on jetblue, delta and united must join crew members in wearing masks from the moment they check in. by next monday, frontier, american, alaska and southwest will also require masks. some airlines will provide them to those who don't have them. if paerssengers refuse, they cod be denied boarding. faith leonard, newly married on zoom was flying from new york to georgia. >> some are completely empty. most people are wearing masks. >> reporter: every airline now deep cleaning their planes, enforcing social distancing and limiting the number of passengers leaving middle seats open. southwest ceo gary kelly. >> we're doing everything we can to make it as safe as humanly possible. >> reporter: tampa international airport passenger volume down 97%. the airport now encouraging face masks. m

states we're talking about of all the major carriers in the united states american airlines delta united southwest across all those major 4 carriers they are averaging fare and 7 teen people per flight that is the average right now 17 and so what they're essentially saying is it's costing them tens of billions of dollars just to keep operating the ball and they're essentially him reaching tens of billions of dollars every single month and so they can't possibly keep going like this and so they have to start laying people off and they have to cut hours they listen i think that makes complete and total since i agree with the airlines but don't take the federal money you can't do both you can't say hey we'll agree to take billions in taxpayer money and not lay people off then you turn around and say well we actually have to lay people off or we'll go bankrupt you know the other option here is you just go bankrupt airlines have gone bankrupt in the past it doesn't mean they cease to exist it means that they can't pay their liabilities and so they have to restructure and then com

>>> new scenes from a packed united airlines flight, raising extreme health fears for the heroic ucsf. they are telling their story. some say the return flight was among their biggest fears. good morning, everyone. it is sunday, may 10th. i'm liz kreutz. happy mother's day to all of you moms out there. we will get to that united airlines cabin controversy in a moment but we want to start with a sneak peek at our mother's day forecast. here's meteorologist lisa argen. happy mother's day to you, lisa. >> good morning to you. thanks, happy mother's day to you. as we look -- to all you mother's out there. i know you're not a mother, liz, but yo inland es un w 50s in p . temras, while to pull back. once it does we will reveal a lot of sunshine. numbers are warmer than yes or no yesterday with the blanket of cloud cover from 5 to 11 degrees warmer an looking at the low clouds and fog pulling back to the coast, we'll reveal mostly sunny skies. notice through the 8:00 hour we're going to call it partly cloudy, and then back towards the 10:00, 11:00 hour still looking at a few clouds but sunsh

you are required to keep them on if you're traveling with delta, united airlines or jetblue. a week from now on next monday, southwest, spirit and american airlines will join the list requiring those passengers and crew to wear cloth masks or homemade face coverings. >> you feel safer do you feel it may not be necessary? >> i think it is what it is. if it takes just wearing a little mask in order to travel, then so be it. >> other changes you'll see here at mineta san jose. crews regularly cleaning and disinfecting those high-touch surfaces throughout the day and also giving the bathrooms extra attention every two hours and deep cleaning public areas at night. a spokesman tells us. in order to get the passengers back in the sky, most american airlines at this point are blocking all or most of the middle seats during booking to try to give people some extra space to spread out. for now we're reporting live at mineta san jose this morning, i'm julian glover, abc7 news. >>> thank you, julian. the global airline industry is set to lose $300 billion and travelers want to know, will

carolina: un jugador de fÚtbol americano de la nfl y otro hombre demandan a la compaÑÍa united airlinesomunicado a la ediciÓn digital: la seguridad y el bienestar de nuestros clientes es nuestra prioridad. el cliente involucrado fue cambiado a otro asiento. borja: se declararon culpables de conspiraciÓn para cometer fraude. la pareja hace parte de una lista en la que decenas de familias habrÍan pagado altas sumas de dinero para asegurar la admisiÓn de sus hijos en prestigiosas universidades. la actriz podrÍa estar en prisiÓn dos meses y su esposo, cinco. tendrÍan que pagar una multa y tambiÉn realizar servicio comunitario. carolina: unas 20 millones de personas en varios estados del paÍs estÁn bajo alerta ante el riesgo de mal tiempo severo. mientras se conoce el pronÓstico de la temporada de huracanes, conectamos con nuestro experto de meteorologÍa albert martÍnez. albert: aquÍ tengo el mapa, la florida, llevamos unos cuantos dÍas con esas tormentas. en las carolinas con inundaciones. como podÉis ver en texas esas tormentas son acompaÑadas por viento fuerte. no puedo descartar nunca en

united airlines is still down 73% since january. t, it is probably a good time to go to our guest. let's talk about the airline sector in more detail. ryanair, europe's biggest carrier aiming to get packages back in july. let's take a little bit at what michael o'leary had to say earlier on. of datae supportive that is transparent and remain available to all competitors equally, such as the u.k. loan scheme. we qualified for the u.k. loan scheme because we are the largest passenger in the u.k. and we have a bbb credit rating. --t we are opposed to is the air france will receive 12,000, lufthansa, arra tell you that has been bankrupt for a number of years and has been nationalized and will now receive $3 billion. without a corresponding support to the other airlines operating in that market. the french are refunding french taxes to air france but not to easyjet or ryanair who also operate in france. what we are calling for is an and to those illegal discriminatory -- provide payroll support and government loans available to all airlin

to stick with the industries on a broad basis if just starting out >> we have breaking news on united airlines. phil >> two days after united's annual meeting, they have executive compensation the new ceo will be paid a base salary of $1 million it's important to note that both of them will be forgoing their salaries for the rest of this year that's a commitment they made back when everything started with covid-19. that b kopt through the rest of this year and also their bonuses will be continued upon united employees receiving profit sharing checks clearly that's not going to happen so they won't receive a bonus until the front line employees are once again receiving profit sharing checks and that's, people would be stunned if that happened this year melissa, back to you >> there's been a lot of scrutiny on the airlines specifically united. didn't they unveil plans to start laying off employees, the first day possible after getting the bailout money, october 1st is the date? >> well, they said that they plan with at least 30% of their management and administrative staff that starting october

maria: one of those investments new deal you are announcing united airlines introducing united clen+nt of consumer experience tell us the partnership you have with united airlines. >> yes, so many people are heart broken they can't visit family and friends everybody wants to go out and travel again this where is this partnership comes in, we have partnered with united airlines cleveland clinic i can in partnership the clorox company will provide cleaning disinfecting know-how products in lounges, gate areas terminals also clorox products will be used in between flights to disinfect planes we feel like a great opportunity to make people feel safe, as they get out in the and the country opens. >> let me ask you about this, sort of long term because i think some of the things that we are learning we are doing during this pandemic, we will take with us when we get out of this what expectations do you have in terms of partnerships like this united others no doubt making in terms can have long term sustainability here. >> for our company we think elevated demand for disinfecting products p

>> wednesday, i got a phone call from united airlines stating that they would -- they reviewed my case and that they would be willing to refund all of my money. >> great customer service, united. thank you. like i said, we receive about 2,000 complaints a week. if you have a consumer issue, throw it on top of the pile. make it 2,001. go to our website, abc7news.com. >> some great work. thank you. >>> as of today, friday, may 15, most of the bay area has been sheltering in place for 60 days. this sunday, may 17th, marks two months since the orders first took place. as we did for the first month, we put together a compilation of sights and sounds of what life has been like. [ cheering ] >> this is sfo. on an average day it sees 150,000 passengers coming and going. with covid-19, 4,000. in sacramento, thousands of protesters from all over california crowded on the capital grounds. ♪ ♪ i'm proud to be an american where at least i know i'm free ♪ >> alameda county is allows tesla to restart while other businesses in the county must remain closed. >> life is different in so many ways. >> we

united airlines flew him along with two dozen other volunteers for free, promising to keep the majority of middle seats empty. >> i'm more scared about getting on the airplane than i am walking into the hospital. >> reporter: but when the team boarded their flight, only 22 of the nearly 200 seats were vacant. the doctor tweeting, "i guess united is relaxing their social distancing policy these days." his post going viral with other airline passengers sending out their own full flight photos. >> are we talking about revenue for the airlines or safety for the people because they're on two completely separate wave lengths. >> reporter: among those complaints, this picture of a busy american airlines flight. the passengers saying it felt like a sardine can, showing at least six rows filled. but american says it held to its promise, even going above and beyond by keeping nearly 3/4 of the middle seats empty. >> we were sitting three in a row, like, six in a row and it was full packed. >> reporter: despite the airline's best efforts, many flight attendants say they're worried. >> this really

united airlines up 4.8%. scott kirby takes the reins from oscar munoz.lt time but he needed breath of fresh air -- but a needed breath of fresh air for united airlines. moderna has been up and down. we had a ratings change from morgan stanley with a price target up to $90. the analyst saying there is a huge amount of potential. we know the market was over and back on moderna yesterday. weal caribbean down, but found out the majority of customers are not looking for cash refunds. world caribbean say 55% are taking credit, which would suggest they want to take the cruise at some point. guy: yes. it will be interesting to see how many people are prepared to get back on cruise liners after what we have just seen. i think it is still an open question about those credits. let's get back and talk a little bit about what is happening with state eight and what the story looks like in europe. .- with state aid strongly in to act combating the virus pandemic. this after angela merkel and emmanuel cry problem -- and emmanuel macron presented their vision. dombrosky

united airlines' president scott kirby says the cav no choice but to reduce workers in october if things don't change. the airline has 93,000 employees. >>> another business hard hit by the pandemic is meat processing facilities, and that might lead to yet another shortage at the grocery store. kpix 5's devin fehely spoke to some experts who say, actually, it might be a good time to change your diet. >> reporter: with coronavirus outbreaks at multiple meat processing plants across the country and with the looming potential shortages, sustainability expert lauren olson says consumers may want to consider cutting back on the overall amount of meat in their diets. >> now is a great time to really explore the different options, not only for your health but because the supply chain issues. >> reporter: olson says you don't have to overhaul your diet. even going meat-free one day a week could ease the strain on the system. diet and exercise are key components of health, especially during the pandemic. >> how good you feel comes down to the food you're eating. and so kind of staying to eating t

we added to our positions, even in expedia and united airlines near the bottom. and those are up 30, 40, 50% off the bottom we're in a very different position today than we were then but really, what we've done is simply emerge from the panic i haven't traded it perfect. i don't know anybody who has but still believe that if you take that two to three-year view instead of a two to three-month view, that there are opportunities in the market. >> let's talk about some of these individual names it's a perfect day to have you, because the conversation that we're having and what we've witnessed in the market over the past two to three days, and this seeming rotation from growth to value -- well, it's not been seeming, there has been a rotation, but whether it's going to be longer last organize another flash in the pan like we've seen in the past i want to ask you about facebook the price target gets raised at citi from 275 to 245, right? moffett nathanson had a note yesterday about facebook talking about the head room that's left in terms of thinking about where you c

officer at united airlines is here. josh, thank you for joining us this morning. >> good to see you, jim. thank you. >> a change in policy after employees threatened a lawsuit, but also they were concerned this violated conditions of the cares act, which provided support to the airlines. was this what made you decide to make this mandatory? >> it was, jim. we're looking all across our company to try to reduce costs because we're going through the worst economic impact we've ever had to face. this has gone deeper and sharper and lasted longer than we've ever seen before. we're doing everything we can to reduce cost. that's why executives have reduced their salaries by 50%. and we're asking for our employees to think of ways they can save money, including reducing their own hours. jim, we've been blown away by the responses of our employees. tens of thousands have come forward voluntarily agreeing to reduce hours because they know it will benefit the company in these challenging times. it's an indication just how loyal ou

severely limited or impossible, we invite you to take a virtual journey while watching the 1967 united airlines by actor burgess meredith the aerial trip across the united states supported the johnson administration initiative by highlighting natural and man made attractions from coast to coast. >> an invitation to discovery from each shoreline of this land, the most diverse upon our lanet. so it looked to norseman who in ships with dragon prows discovered the vineland of the year 1000.

a new relief package is in the works plus united airlines is out with some big changes.e have those stories and more in today's money watch report. >>> wall street was mixed to start the week on monday. the dow fell 109 points and the nasdaq rose 71 and the s&p 500 edged up a fraction of a point there the democratic led house of representatives may vote on a new coronavirus relief package as soon as friday. nancy pelosi urged lawmakers to quote go big but senate republicans are unlikely to take the bill up. mitch mcconnell says is there is no urgency to act. united airlines will let flyers know ahead of time if their flight is expected to be full or close to it. passengers can switch flights or receive a travel credit. it comes after doctor tweeted an image of a full flight drying backlash in the carrier on mine. that is were cbs morning watch report. for more, go to cbsmoneywatch.com. >>> the pandemic is not only changing how students learn but also changing how they get real- world experience. one reporter explains some businesses are getting creative ú>> it is excitin

passenger advocate about what's happening on the airline's amid this pandemic with kron four's dan thorn with the story. >>a picture of a packed sfo bound united flight chaired by a local doctor is highlighting concerns about safety on airlines ucsf cardiologist was returning home after treating covid-19 patients in new york in one tweet he writes i guess united is relaxing their social distancing policy these days every seat full on the 7.37 is it simply a another you know like i for united airline passenger advocate douglas kidd says even before the coronavirus pandemic his organization petitioned for more space and safer flights with fewer people flying kid argues new standards should be implemented right now the health and safety of the passenger has to come first. >>as a part of its social distancing policy united says they've been limiting seat selections in all cabins so customers won't be able to select seats next to each other or middle seats where available. but as documented by doctor weiss his flight had lots of passengers packing people together especially on a flight like this which is a medical mercy flight. it really doesn't ma

treasury gave united airlines part of the corona coronavirus aid relief and economic security or carriers always love those names. they gave the airline $5000000000.00 of us tax dollars but now suddenly they're cutting down hours of their staff. and they can get away with it because the conditions for accepting federal support stated that airlines have to retain their staff at the same pay rates but didn't mention how many hours they could work being go and you know the private sector is very shrill when it comes to things like this and they know that they can't let those individuals go because they will be a by a lady of the terms of the money that they agreed to get however they can reduce these hours and everything is extremely fine there is no penalty associated with that at all does it hurt the employees absolutely but this is something that we should have seen coming it should have actually been a part of aig should've been a clause in there that eliminated that being a practice as well because we've seen this time and time again if you tell someone that they can't fire people they

united airlines planning a major job cut. as a result, details are straight ahead payday, elon musk appears to be a bit richer this morning. it is tuesday, may 5 "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin. yesterday, the dow went from 362 to up 26 at the end of the session. right now, it indicates the dow futures are up another 368 points the nasdaq which was the big winner is indicated up about 60 points the nasdaq up by 1.25. netflix up and gains by apple and facebook getting help this morning from what we see in oil prices. you'll see wti is up almost 10%. up about 9.5% to $23.34. that is a big come back for wti. >> thank you, becky. oil market market oil that's been a lot of the story want to bring you other headlines. united airlines as mentioned, planning to cut about 30% of management jobs in october according to a company memo that works out to 2,400 white collar jobs and has also warn the pilots to prepare for displ

for most americans is severely limited, we invite you to take a virtual journey with the 1967 united airlinesdiscover america, which highlights natural and man-made attractions from coast-to-coast. ♪ >> her torch has been assembled through the years for those who seek discovery in this great land. ♪ of -- york city, for many here, united nations meets the talk of problems of the world. while others come visitors like e of skys are tall buildings. beyond the towers, bring central park. and emerald in an aisle of rocks. whitmanw york, walt said these words. an island 60 miles long, ,ehicles, broadway, the women the city of masses my city. the curious cliff dwellings tucked behind the edges. behindient indians left nothing more than empty shelves. navajo may discover a village today placed in secret in the land of prehistoric gods near lonely beauty. monument valley. in this jet age, a few short hours could take down those indian trails that lead to mighty texas. behind the glen canyon dam lies more than 100 miles of lake. >> travel across the u.s. tonight at 10:00 p.m. eastern, 7:00 p.m. specif

i love united airlines. host: ok. guest: thank you. think that you are accentuating the fact that the airlines are really the people that make them up and aviation is all about connecting people and making those personal connections, so good to hear from you again. as far as the seat covers go, that has not made it into the mix, but there are efforts going on to try to think about how we best protectd people, and how we can best protect -- best follow through with cleaning. that the cabin is disinfected before we load them up again. so i think that is something that could certainly be considered. and we will be looking at that. but very nice to hear from you into thinking for focusing on the fact that airlines are not just people in a board room, it is all of us on the front lines who think of ourselves as family and we love being together. host: also on that line is rick. go ahead. caller: yeah, i am retired. i retired in 1995. i know about the cabin, the drums in the cabin and cockpit, you know, it is unbelievable. address are startin

a changing of the guard at united airlines. munioz will stay on as chair united down about 60% of course along with all the airlines. the incoming ceo will be on "squawk box" today at 8:30 eastern. what a time to take a job as a ceo of an airline. best of luck also in focus. urban outfitters posting a big quarter loss majority of its stores were closed urban outfitters also says same-store sellers could drop as much as 60% this quarter due to what it calls a sluggish recovery in what it expects in consumer traffic watch out movie theaters another big movie is going straight to streaming. apple has paid $70 million for tom hank's film "grayhound." the release had been set for father's day only on apple tv plus this will be the largest movie debut on the streaming service as of yet. on deck as of this wednesday, do you wa you want football to come back this fall? we'll tell you what sun glass maker oakley is doing with player safety in mind. stay tuned >> announcer: today's big number, 17%. that is the drop of global carbon emissi

buffett's box a half away dumped its stakes in the sector delta airlines american airlines and united airlines fell more than 8 percent of the buffet told reporters reporters the world has changed for the industry well for more than add to our financial market correspondent dns court to in new york where the sun is out i can see yes is buffett's move the final blow for u.s. carriers. well it's sunny but also a pretty stormy day as you might to tell and you see the skyline all part of the skyline of manhattan in the background and there are no planes flying over the city it's the case so usual so obviously the industry is still in a deep crisis mode and nobody really knows what's going to happen in the near future let's just last week we heard from american airlines for example that they had a quarterly loss of more than $2000000000.00 there's talk that maybe the government might jump in maybe taking a stake in some of the struggling airlines and the reaction on wall street was quite obvious the shares prices already had been under heavy pressure and that selling pressure continued and personal

is it time to take a chance and by united airlines? i trust united airlines.ever, what would i be buying? i'm going to be buying what i consider large small-cap, market over $1 billion cap-valued companies, like , and motormotor oil oil quick lube centers that take care of -- they are drive-in, drive out. there is a lot of pent-up demand. people are not buying cars anytime soon, and if they are, they are going to take good care of them. valvoline is down $15, and our valuation on it -- and this is airtight -- is $23 on valvoline. we don't see that it could possibly end up anywhere below there. it's just that right now, all the focus is on liquidity. itflix hit another 52-week today, and i know why. i know wipers. -- why personally. [indiscernible] haidi: hilary, we are going to have to leave it there, but really appreciate your time as always. are going tot, we get a gauge of china's economic health as the nation has started getting back to work after the virus lockdown. we have a slew of economic data do in the coming hours. ♪ china's data is expected to show

economy, even as the number of cases continues to grow >>> outrage at united airlines after a viral tweet of a jam packed booking >>> elon musk ordered to keep his freemont factory closed. >>> and boeing ceo on the record about the future of his company and whether all carriers will ultimately survive it is tuesday, may 12, this is "worldwide exchange" here on cnbc >>> good morning, good afternoon, good evening. welcome. i'm brian sullivan thank you for spending part of your tuesday with us a look at your money and markets. stocks coming off a mixed session yesterday, the dow down 109. the nasdaq higher again today. nasdaq 100, if you are counting at home is now just 4% from its all-time high. we are going to show you how that stacks up against other global indices and we'll show you how the united states is still a haven. starting again with the global consumer we are getting more and more signs of the impact of the virus or the lockdowns we'll get shocking word from toyota >> in the asian markets, we did see a weaker session unfortunately closing down around a tenth of 1% toyota down cl

united airlines up nearly 20%. carnival cruises up 17%.n optimism about the reopening of economies, easing of restrictions. maybe consumers will be traveling again sometime soon. shery: joining us now for more analysis is cantor fitzgerald global chief market strategist, peter cecchini. of course, not just a vaccine headline raising investor optimism but also chair powell's comments about not being out of ammunition. when it comes to the federal reserve handling the fallout of the pandemic and its efforts to stimulate the economy, in your you feelu tell us yo like you are watching a godzilla movie. tell us why. peter: thank you for having me. chairman powell did a great job last night communicating to the general public as well as market participants, i think, in an effort to work through what is largely known as the confidence challenge. give people the comfort that the fed is there doing their job, and has he put it, has plenty of ammo left. when we have been pointing out for some time is not the plethora of ammo, but rather its effectiv

demand is down by 95 percent now the 4 biggest airlines in the us delta american southwest and united airlines have lost one of their largest individual holders berkshire hathaway the conglomerate had only started investing in them in 2016 chairman warren buffett says the industry's outlook has changed rapidly the world changed per on sun i. wish him well but it's one of the businesses we have we have businesses we don't directly that are going to be hurt significantly the virus will cost berkshire money the announcement comes a day after berkshire hathaway reported a nearly $50000000000.00 loss in the 1st quarter of 2020 reflecting the outbreaks toll on the company's investment portfolio but it's not just the u.s. aviation industry that has been hit hard now bush chief executive wanted could take the sector 3 to 5 years to recover his core profits fell by 49 percent in the 1st quarter over industry no place in the greatest crisis in its history many customers are seeking to disprove that it is simply physical your navel to think that it will be archived we've gotten to the new reality. with a