trial in ed to go to three weeks over that -- airlines and united airways. how likely is it that you will case before it starts to trial? what are the status of the negotiations? is a matter that with the en in touch industry -- the airlines we sued. we expressed concerns about the reduction of competition that the merger would potentially impose. i'm not going go into any detail with regard to the discussions that we are engaging in. will say that they are ongoing. tried to focus son to make sure that any resolution n this case necessarily includ includes divestitures of key throughout the united states. that, for us, is something that has to be a part of any resolution. the conversations are ongoing and we hope that we will resolve this short of trial. meet those not demands, we're fully prepared to to trial. > that complaint was listed in more than 1,000 different c payer roots. would be ying you willing to accept a settlement lower d substantially number of payers that were part the settlement? our concern is to look at all cases to make sure we bring be

i was just on a united states airways flight where a cabin had to be told something to the effect of hey, we know the faa said you can use this stuff but turn it off because you can't use it here yet a few days before the announcement southwest announced it was allowing customers to before outer loop i-pad -- borrow i- pads but they weren't allowing customers to use them yet. remember regardless of the carrier you are still not going to be able to use a cell and larger devices still have to be stowed. we have all waited this long. i don't mind waiting a few weeks longer for the final to be finalized. >> more stories like this watch the list. you can watch it week nights at seven with our nikki followed by let's ask america right here. >> it seems more of us are picking airplanes when we travel and the total number of passengers for the first nine ins of the year was up 3%. passenger complaints have dropped by 14%. the biggest improvement came in a drop in complaints isn't reservation and ticketing problem. >> we have tough news to tell you about -- about the employees. the defense co

and people to stop coming in here, some of the airline, united, delta, u.s. airways and jet blue have offered travel vouchers so if people want to change their flights they can for free. though most of those airports that allow that are up near you. travel is okay here today. it looks to be easy going. >>ing us live from atlanta, and robert had that little tiny radar we go now to the man who has a bigger version, here is david warn. >> yeah, we are looking at this radar, of course it is a lot of rain. that will be mostly a rainstorm, but depending on where you are, it could be a little slick. this is where the storm is now, continuing to intensify, pulling in gulf moisture, and now you can see this pulling in the atlantic moisture. a lot of this will be heavy rain. seeing pockets of heavy rain, beginning the warm air coming up over it, and there's that rain snow line, as it intensifies and moves north. no mt. places above pittsburgh, temperatures still just about freezing and it is still great during the day when the snow is coming down. if you are dealing with that

delta, united continental, us airways and american.k in march it looked like the last two might be allowed to merge, so i gave the whole group my endorsement and us airways was my favorite because of that amr merger but you could own any of them. since then the stocks have roared. united continental, laggard, is up 23%. southwest rallied 45%. us airways is up 5 4%. and delta, the leader of the pack, has given you a 70% gain. but there's been one big change in the story. in august we learned the justice department might not allow the us airways/amr deal to go through. that's right. that was a big, big change. >> boo! >> apparently they picked up on the fact these airline mergers are terrible for you, the consumer. even as they are fabulous for you, the shareholder. of course, fabulous for profits. there's still hope for us airways. earlier this week they agreed to submit to a mediators in the anti-trust case. if you're a like a law professor who specializes in anti-trust situations, you'll see that that was a memo to staff. here we go.

airways, united, jet blue and american airlines are also reportedly waiving fees for changing plans for some travelers. >>james: the storm on the east coast is threatening macy's thanksgiving day parade. forecasters for tomorrow call for sustained winds of 20 mi. per hour and gus of 36 mi. per hour. in new york city rules say if sustained winds exceed 23 mi. per hour and gus exceed 34 mi. per hour, the parade giant balloons would have to be grounded. >>erica: those winds will hang around and we could see us up to 36 mi. per hour for the something will have to wait and see. as of right now we're starting to pick up some snow for parts of the sea and your right now. if you can delay your travel plans until after the thanksgiving holiday looks like dry and mild conditions into the weekend. fear of the bay area not to that of the stars. no surprise but we are holding on to colder conditions for places like santa rosa. here at the door to 35 degrees st futurecast 4 we are tracking the 60s by lunchtime. temperatures back in the '50s. i do want to focus on our afternoon highs for today. it's g

delta, united continental, u.s. airways and american. and back in march it looked like the last two might be allowed to emerge. i gave the whole group my endorsement saying u.s. airways was my favorite. but you could own any of them. since then the stocks have roared. southwest rallied 45%. u.s. airways is up 54% and delta, the leader of the pack has given you a 70% gain but there's been one big change in the story. in august we learned that the justin department might not allowed the u.s. airways amr deal to go through. that's right. that was a big, big change. apparently they picked up on the fact that these airline mergers are terrible for you the consumer even if they're fabulous for you the shareholder and for profits. they're still hope for u.s. airways. they agreed to submit to the trust of the mediator but unless you think you're an edge in legal side, hey, you ought to go back and read confessions, you'll see that that was a -- oh, here we go. confessions of a street addict. it's great in any language. you don't want to play the

u-s airways, united, jetblue and american airlines are also reportedly waiving fees for changing plansor some travelers. >> >> here is a live look outside at sfo. we will have more on that drop the morning. >> we are seeing rain, snow and ice. we are impacted by the storm. we have strong winds coming in from the gulf of mexico. we are stseeing snow for boston. they may get about 8 to 10 in.. we may see a healthy amount of rain. this system will continue to work its way east and it will land all over the ocean. what i went one is in affect we may see--this is something that will keep an eye on. >> in the bay area as we take a live look outside of vermont tam cam you concede the twinkling lights. the high clouds are above and they are keeping the temperatures all a bit warmer. san francisco is still in the upper 40's. issyk-kul star for the morning in santa rosa. there are waking up to 36 degrees. you will notice plenty of mid to upper 60s and the temperatures are pretty similar to what we sought yesterday. 66 this are high for santa clara. it will be a nice day in the east bay. walnut c

airways, united, jet blue and american airlines are also reportedly waiving fees for changing plans for some travelers. the check with your carrier if york and one of those situations. >>anny: and that storm on the east coast is threatening macy's thanksgiving day parade. forecasters for tomorrows call for a sustained winds of 20 mi. per hour and cuts of 36 mi. per hour. new york city rules say if sustained winds exceed 23 mi. per hour and does exceed 34 mi. per hour, the parade to giant loans would have to be grounded. it just would be the same. >>erica: live in the weather center all eyes on this deadly storm now impacting the east coast which could bring thanksgiving travel to a halt. full details on what to expect. this part of the forecast coming up after the break. 415 is the time. it's been almost a week since strong winds knocked over trees and downed power lines all across the bay area. the dust blew over this particularly large eucalyptus tree near lake merritt in oakland. but since then, the tree has become a tourist attraction. a steady stream of people have been stopping by

united and delta and us airways charge $125 and jetblue charges $100. >> mom who created a body image uproar with a photo of herself is at it again, you remember maria in this photo with the caption "what's your excuse," critics say it was body shaming. facebook has suspended her account for a response she posted to an article showing plus-size women in lingerie. here is what she wrote. >> you need to change the mentality we are breeding in the united states and why it is important to love and accept your body i was peeved because we are normalizing obesity in our society. >> facebook says someone reported the post and the cite removed it calling it hate speech but now they say that was a mistake. they have restored her account but not the post. >> all right. stay tuned to mike's postings in the days to come because mike is following the possible showers for thanksgiving closely. >> absolutely but nothing to worry about tonight if you attend the snowflake lighting ceremony at 6:30 and leading up to that we have clouds around market and powell but grab a coat because at 6:30 it will be

airways united and jet blue will waive any change fee for people who pet stuck for the flight get cancelled. it's it's likely that more air lens will do the same as this storm hits. >> in december san francisco international airport will bring in train dog like toby to help passengers who are feeling a little stressed. the dog will be deployed at all term national thanks to the spca and animal assisted therapy progra program. they are easy to fine. dog will wear red vest that say pet me. we may need dog like toby comfort dog at the airport in the next couple days because when this storm hits it causes problems all over the country. check in now with spencer and life doppler 7 hd. spencer this is a doozy. >> it is dan. travel delay all over the country because of all the popular destination and points of origin on the east coast. you can see here. no troublesome weather in the bay year but east coast it's quite troublesome and will be for the next 24 hours so here's how it looks right now. showers and thunderstorms surging up the atlantic coast and farther inland. cold air hitting the moistu

airways, united, jet blue, already waiting fees for passengers to change their flights. that is good news for the consumer. but let's see if the stocks are taking a hit. will this hurt the bottom line? lets see perry's statement. ♪ you really love, what would you do?" ♪ [ woman ] i'd a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architt. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ ttdd# 1-800-345-2550 can take you in many directions. searching for trade ideas that tospark youruriosity tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 yolook for what's next. tdd# 1-800-345-2550 atchwab, we can help turn inspiration into action tdd# 1-800-345-2550 boost your trading iq with t help of d# 1-800-345-2550 our live online workshops tdd# 1-800-345-2550 like identifying market trends. tdd# 1-800-345-2550 now, earn 300 commission-free online trades. call 1-8-628-

united merged. american, u.s. airways had to do something. the d.o.j. at the last minute and tried to 61er it. what has come out of it is a slight rebalancing. i've spoken to people very familiar with this deal. what they tell me is that they, the airlines can live with it and now it is all about execution. >> so here you've spun me now. you're saying, your fares are going up but not sxs you think. here's the other thing. people complain about the planes them say this is a really old plane. >> they've gotten gins and wings. >> they fly but they're not the night of thing on the planett and you tell me that here again, there is another side of the story. >> i'm not going to sit here and do american airlines's pr for them. but they have put in the largest order for narrow bodied planes. 737s, a-320s. that is going on take its time over the next five or six years. this is an airline that has been in bankruptcy the past few years. what i'm hearing from passengers, marchly on long haul international destinations. >> sell me on that. come on! >> there was a hu

it was heavier in other places earlier, so delta, jetblue, united, us airways waiving the change fees. always check with them in advance, make sure your flight hasn't been canceled, then get to the airport in palinty of time. adam: steve, you mentioned the waif fees, my father was on a flight to new york, they actually called and and said do you want to go tonight? he's hopefully going to get in tonight, but you've got to check. >> reporter: absolutely. good luck with that. a lot of people not having any problems right now. it's hit and miss. it depends where you're going and what the situation is at that particular airport. so, yeah, get the lay of the land before you -- adam: we were expecting rain in new york, we saw just a little bit of snow before we came on air. >> reporter: yeah, okay. adam: steve centanni from reagan national, thank you very much. how could the bad weather impact one of the largest shopping weeks of the year? we want to turn to evan gold for a business weather intelligence company. thank you so much for joining us. i know in years past if there's been snow, th

united merged. american and u.s. airways had to do something.j came in at the last minute and tried to scuffer it. but what's come out of it is probably a slight rebalancing. i've spoken to people very familiar with this deal. what they tell me is that the airlines rather would not have gone through it but they can live with it. now it's all about execution. >> all right. so you've spun me now. you're saying your fares are going up not as much as you would think. here's what i always think when i talk about u.s. air or american. people complain about the planes. >> two engines and wings. >> they fly. but they're not the newest things on the planet. and you tell me that here again, there is another side of the story. >> now look, i'm not going to sit here and do american airlines or u.s. air's p.r. job for you. but american airlines has put in the largest order for narrow-bodied planes, a 737s, new generations, a 320s neo s. that is going to take its time over the next five or six years. this is an airline that's been in bankruptcy for the last f

united merged. american and u.s. airways had to do something. now, the doj came in at the last minute and tried to scuffer it. but what's come out of it is probably a slight rebalancing. i've spoken to people very familiar with this deal. what they tell me is that the airlines rather would not have gone through it but they can live with it. now it's all about execution. >> all right. so you've spun me now. you're saying your fares are going up not as much as you would think. here's what i always think when i talk about u.s. air or american. people complain about the planes. >> two engines and wings. >> they fly. but they're not the newest things on the planet. and you tell me that here again, there is another side of the story. >> now look, i'm not going to sit here and do american airlines or u.s. air's p.r. job for you. but american airlines has put in the largest order for narrow-bodied planes, a 737s, new generations, a 320s neo s. that is going to take its time over the next five or six years. this is an airline that's been in bankruptcy fo

united. >> what does us airways/american merger mean to you and the industry?t was left for dead and now it's going to happen. >> i've been consistent. i think consolidation is very, very good for our business. we for too long had too many business plans chasing too few customers. driving down yields to blow the cost of the service. no business can make money if you sell for less than it costs you to sell your product. and consolidation has stabilized our business, capacity discipline has been good for our business, and our own investors holding our feet to the fire, demanding we turn cash to shareholders. that's what we'll do as united. >> how do you return cash to shareholders? >> we announced today we begin to return cash to shareholders in 2015. as we get close to that date, we'll talk about how we do that. >> jeff smisek, we see you on every flight before they tell us -- >> yes, we do. >> thank you for flying. appreciate it. >>> heading toward the close, 40 minutes left in the trading session with the dow, we're up 13 points now. maybe some of what charles

tell us about your conversation. >> united airlines had third quarter numbers and by the airlines own admission, they were not good enough. now, with an american us airwaysw hard competitor and with delta eating everybody's lunch, united's chief executive announced today they're going to save their numbers, $2 billion annually by cutting costs, and by finding some new ways to raise revenue. i asked jeff smizek, the chief exec of united airlines what that meant. >> we'll have hundreds of millions of dollars of additional revenue, including a pretty sizable amount of ancillary revenue. with that we ought to be able to earnen multiples of what we earn today. >> that means charging passengers for extra things? >> a lot of ancillary revenue, we have partners with marriott, with mercedes benz. we have a huge credit card base with chase today. that's a very profitable business force. we intend to expands that. >> is the goal to increase ancillary rev aus for things like baggage or food or any other things where you can charge passengers extra? >> not necessarily to increase. but to offer different products and services. we've unbundled a lot of things and we ca

airways-american airlines merger. rick seaney can the united states government ever say no to a merger now that they've said yes to this one after they were so opposed to it in the beginning? does this clear the way for even more consolidation? >> i think you hit it on the head. i don't think there are many players, many dance partners to consolidate at the moment. but if you look at the case they brought, the crux of their case was these small cities of which there are 120 to 150 of them that are between two and four hours away from major hub cities, they're only going to end up with one carrier when this is all said and done after this is the fourth mega merge center five years, and those folks are going to take it on the chin. not the family of four that has to drive four hours like terry likes to do up in south dakota, but businesses up in those areas that they would like to support. there is nothing in this particular settlement that helps these folks at all. which is really the crux why they decided to do it. we already knew they were goi

airlines across the east coast anticipate major travel delays and some airlines like delta and united and u.s. airways have already reduced or eliminated three booking fees so check to see if you can check your reservation if you like to avoid the storm. now the storm hit south west over the weekend and is already to blame for a dozen deaths and hundreds of car accidents. at the airport there were more than 300 flights canceled. that same storm is predicted to get worse as it approaches the east coast. heavy rain will reach the mid-atlantic and parts of the northeast later today. west virginia was turned into a van at an upstate new york will start to see snow this evening. the storm should be completely over by thanksgiving morning by thursday but certainly it would be a hectic 2448 hours for many people traveling this holiday. reported alive at dulles airport back steal. >>anny: it is a very big mass of what system that's been attacked. rain and ice and snow >>erica: let's talk about the storm in more detail for if this is actually the same system that brought to range up to the bay area late last w

that blue and you ask airways and delta and american and united airlines have already implemented thee. >> pam: coming up new surveillance video release of a deadly accident and vallejo what we are learning about the pick them plus an odd looking fish caught in frigid candidate waters what researchers know about the creature. you got to love the weekend. it's like everyone came to, "if it's good, let's save it for the weekend." so here's to the kfc ten buck weekend bucket. ten pieces, ten bucks. any recipe. just ten bucks every saturday and sunday. today tastes so good. >> pam: >> reporter: this is disabled vallejo president walking with the accused of decaying port intersection of broadway at 6:00 p.m. tuesday night. what happened next is rather disturbing. crossing the street surveillance cameras records this car sideswiping him knocking him to the ground. and second park nearly hits him and before he give back on his feet a third vehicle runs over him and it gets worse. apparently the driver did not know that he struck andrus who was he and underneath the vehicle and track 1 mi. fr

united and continental. now comes american and u.s. airways more planes and a larger presence in the market. so how did we get here? let's take a look at who merged with who and the roots. look at these routes. this is what they had to promise to actually get to where they are. look at how the airlines all came together. oh, they're getting together in a delightful little orgy of consolidation. and what you end up with is three legacies and one southwest. where's southwest? we couldn't find a model. it was too expensive, unlike the tickets, we couldn't pay for the model. what we ended up with was three legacy carriers now about to do battle. absolute head-to-head, foot-to-foot, whatever you want to say, battle between the three major carriers. >> does that mean they're fighting for my dollar and i'm going to get a better route and ticket price? >> that's what the justice department's lawsuit was all about, making sure certain key routes were kept open. and in the agreement that was announced yesterday, if you look at the map, every -- all the

jetblue, u-s airways, delta, american and united airlines have already implemented the change.sting the idea of letting customer *bid for upgrades to premium cabins. passengers can submit a big-- along with a credit card number, up to six days before the flight. on it's website, the airline invites travelers to make an offer-- saying they will be sent an email before check-in to let them know if their bid has been accepted. american will decide in the coming weeks whether customers like the bidding options. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ the morning. on

airways pulling back the 1.9% united continental and jetblue up 4%.the vix, the index to the upside, the dollar higher, dow jones industrials moving records, record close yesterday, the 35record close for the dow jones industrials pulling back 48 points, and that is something we are watching, the ten year, watching closely as they creep higher putting a damper on equity, 2.7% yield.

airways pulling back the 1.9% united continental and jetblue up 4%. let's look at major market averages, the vix, the index to the upside, the dollar higher, dow jones industrials moving records, record close yesterday, the 35record close for the dow jones industrials pulling back 48 points, and that is something we are watching, the ten year, watching closely as they creep higher putting a damper on equity, 2.7% yield. dennis: more in two years since the markets suffered a correction. the more concerned some investors become. despite this the next guest says investors should get invested and stay invested in equities. hank smith is chief investment officer who manages $6.5 billion in assets. welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying global market will lose steam and get a correction and we haven't seen it yet. even julie we will so isn't it time to take profit? >> eventually we will but at higher levels. therefore you are not doing yourself any good.

airways and american airline. if you want to sound spart today tell your friends this merger will be able to offer people 6700 flights to 300 destinations. compare that to unitedwhen they combined with continental. they had 5446 flights. this is bigger by a wide margin. >>> good morning. it was a casualty surrounding the miley cyrus "wrecking ball" video ♪ acame in like a wrecking ball ♪ ♪ all i wanted was to break you up ♪ ♪ all you ever did was break me ♪ >> the students at michigan will finally get their beloved wrecking ball returned. the school removed the pendulum sculpture after students kept riding it like miley cyrus. they kept damaging the cable. a fragile piece of art. they removed the sculpture which has been there since 1995. a four-foot-tall, $25,000 fence will be built to protect the popular piece of art. glad that sculpture's going to be okay. >>> lady gaga is set to host and perform this weekend on snl. if you're wondering what that will look like, take a look at this. >> i'm lady gaga and i'm the host and musical guest. >> we might flip things. >> upside down. >> okay. that's sideways. >> maybe we can turn it. >> uh-oh, wait, that's too far.

united states over the past five years. a judge has signed off on the merger between american airlines and u.s. airways.cs are claiming the deal will cut competition and raise fares. the justice department made those same arguments when it sued to block this merger. but the feds settled the lawsuit saying the airlines have agreed to give up dozens of slots at major airports to make room for smaller carriers. hence, more competition. american executives say they plan to finalize the merger next month. well, by this weekend, you should be able to jump on to the government's ailing healthcare web site to shop for insurance coverage. but, wait. in the last little while, we have learned of, yes, and i'm going to say the word that night show comics have had some fun with there is another glitch to slow things down with obamacare. we will tell you about it. and a complicated and dangerous situation when several train cars go off the track, house after house being evacuated. cer ] and the unspoiled cst of maine. maine lobster is the tastiest, the sweetest. [ male announcer ] we serve it the only way seafood sho

airways. it means we will go from 10 major carriers are the last decade to four. >> there been a bunch of consolidation. northwest then unitedand continental joined and then southwest bought airtran and so now we're waiting oft for the final approval the american and us airways merger to go ahead. they been hoping to finish in the december, but a court has question whether that might push into the new year. host: let me share this editorial calling this merger unwise saying -- is that the case? guest: that is the concern that prices will go up, you'll have fewer choices, the loss of the justice department filed worried not just about the erect flights that might be reduced, but also -- direct flights that might be reduced, but also about 1000 city pairs that can be affected. connecting flights. those sorts of flights could all be subjected to less competition, higher prices. i was absolutely the concern. the remedy now is the airlines will be giving up slots, permission to fly at some of the key airports around the country. just as things even though it doesn't deal with perhaps the thousand city pairings that spur competiti

the united states coming the world's top oil producer, two years sooner than had been forecasted. and the iea will plateau by the end of the decade. u.s. airways and american airlines are moving forward with their 16 billion-dollar merger and follows a doj settlement with the two airlines agreeing to reduce daily departures by 15% and this includes some gates of five other airports. we are coming right back. >> the secretary lou: stunning new statistics saying that college students are were under president obama. one result is the outstanding federal student loan debt. it has soared to $675 billion and this includes a fivefold increase since president obama took office. more than five times greater than one president bush was in office. this psident has also presided over an 8% increase in disability recipients and a 62% increase in the national debt. our next guest is the author of an amendment that would put an end to health insurance subsidies for president obama. lawmakers and their staffs. he claims that mr. obama has ignored the law and has featured prominently in many citizens united media campaign. >> it was a backroom political deal a

us airways waves includes northeast and canada's destination tomorrow and today. the largest chip maker is asking for $500 million for the unit and intel is hoping to seal a deal with a possible souter being verizon. >> california housing market is showing a slow down falling 15 percent in california in october compared to a year ago. >> futures are quiet so far today. maybe we can expect that for the let of the week as we are closer to the holiday. >> if you looking if a car on black fridays be ready for cruds november new car sales could jump 3.5 percent open black friday because of all of deals that the car dealers are offering. >> may not want to be driving a convertible. >> maybe if you are traveling thursday morning, what is the best chance to get the rain. the forecast continues to trend dry but we cannot rid it of the rain chances. live doppler 7 hd showing thing for moving an in the north bay and novato reporting five mile visibility. bart as you wait is 39 degrees and oakland is at 45. hayward is 47. and san francisco is about 51 degree right now. from mount tamalpais, it is clean compared to year. we will still hav

the united states coming the world's top oil producer, two years sooner than had been forecasted. and the iea will plateau by the end of the decade. u.s. airways and american airlines are moving forward with their 16 billion-dollar merger and follows a doj settlement with the two airlines agreeing to reduce daily departures by 15% and this includes some gates of five other airports. we are coming right back. >> the secretary at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. the ocean gets warmer. the peruvian anchovy harvest suffers. it rses the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. just by talking to a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [

airways doug parker will be the ceo. stock is up on the news. other airline stocks higher as well, delta, united, jet blue, southwest, all flying high. >> thank you very much, dominic. watch out saudi arabia, the u.s. is on track to become the world's top oil producer. the international energy agency, the iea says the u.s. will overtake saudi arabia and russia to become the world's top producer of crude by 2016 bringing the u.s. closer and closer to energy independence. crude oil down more than 7% over the past month with the prices at the pump also heading lower. joining us now two cnbc contributors, addison armstrong and jeff kilburg. addison, let's start with you, on your mid and longer term view of where oil will trade? >> well, you know, we think that in the mid term, you know, starting beginning of next year, we're looking at a really stable environment fors u.s. oil prices. you know, demand is still going to be somewhat impacted by the state of the economic recovery. we're obviously producing much more than we ever thought we would, 7.9 million barrels a day at last count, and i think we'

airways and american airlines. it now means we will go from 10 major carriers over the past decade 24. ofst: there has been a bunch consolidation. d started joining with northwest . united and continental joined. southwest bought airtran. we are winning for the final approval of the american and us airways merger to go ahead. they had been hoping to finish in mid-december but that has been questioned. editorial,e share an calling this merger unwise, simplethis is a concerned the justice department expressed, the four big airlines will have an even greater incentive to raise fares and fees because consumers will have fewer choices. is that the case? guest: that is the greatest concern, prices will go up, go up.-- flights will direct flights being reduced, but 1000 city pairings where perhaps if you are on u.s. airways you want to fly to texas but you connect through charlotte. those sorts of flight could be subject to less competition, higher prices. that was absolutely the concern. the remedy now is the airlines will give up permission to fly at some of the key airports across the country. justice thinks even though it does not deal with perhaps the 1000 city pairings t

units that was an interesting deal. vulcan, they had a terrific report. crudes, near the lowest levels since june. airline stocks doing well. delta at record high. we have u.s. air, us airways at six or seven high. southwest, same with them. steel stocks are high. goldman upgrade the entire area. this whole s.a.c. settlement. a huge part of the volume, some say as much as 5% but more importantly, they were the largest commission payer of any hedge funds out there. while the impact may not be obviously, we're certainly going to see somewhat lower volume slightly lower volumes. the big impact of course, is going to be on less commissions out on the street. of course, wall street runs largely on those commissions. guys, back to you. >> thank you, bob. joining us for "closing bell" exchange jenna godfrey, aaron gibbs, hank smith and our own rick santelli. good to see everybody. thanks for joining us. i want to begin with hank here because, hank, i know in the past we've talked about financials. we got those new capital rules for the upcoming stress tests and the bank capital requirements going into the next year. what's your take on that? would you put new money to work in the

united states done then arranged for the camera clubs to send him theclub photos that tourists had takenoo of militarily important sites around then world. in other projects he asked was projects a guard.ar. pan-american airways, all flown on pan am.t oan there is now a new tv series. back then project cigar, donovan are raised privately that the ticket agents for pan-american in africa will report to him onc the movements of munsey'sthe throughout the continent so that he can keep track of the agentsi in africa.ca he could to of all kinds of wild schemes. he was open to practically anyo crazy eddie had or at leastea, t willing to consider. his code number, which ec osstos currency grid zero ss documentsi was always one of nine, which just happens to be the room number of his office in the kremlin. his secretary and of the codeide name for impurities to currencyd basket because, like a racehorse, he was always kind ot running around all the time.rt he kept to a dozen dollars in kp his desk drawer at all times tod pay off sources or affirmation when he went prowling around washington. d don't think you'll find a cia director the keys to grand inic petty cash in his office now. ch he and the research andad a de

competitors such as united which had merged recently with continental but they will be allowed to merge. they will give up some landing slots in key airports but the american and u.s. airwaysger will go through as if i'm correct, that will make them the largest airline flying. in the meantime a michigan state trooper chases a suspect right over a bridge. take a look at this video. the squad car arrives just in time to see the suspect jumping over the rail. the officer follows right behind and off the bridge as other police on duty stand by in shock. take another look at it in slow motion. two men just run right over the side. that is about a 25 foot drop. they landed in a grassy area. even after that, both just had minor injuries. suspect is now in jail charged with a probation violation. some good news there. arthel: definitely. meanwhile, a deal between the u.s. and its allies over iran's nuclear program objected but ta rain will allow inspectors to visit a key enrich. site. those plans do not include sites u.n. teams have wanted to visit, sites where they suspect nuclear weapons are being developed so what should the u.s. do next? peter brooks is a former c.i.a. officer