usairways sale the door was open because they caught it. what if they didn't?epard: i bet they got the shampoo. >> he is facing state charges, false i.d. he had nothing to do with air france. air france issued a estimate this man that nothing to do with them. so we have state charges, facing five to 20 years on some of the charges. the feds are saying, hey, maybe this a patriot act violation. you don't have to necessarily intend to murder people, but when you enact a -- act in a manner that scares people or puts people at risk, that's a patriot act violation. that's why we have this to prevent people from doing this. it's a very dangerous situation. a man sitting in the cockpit? come on. >> shepard: he hates americans now. we're about to turn up the hate faucet. >> that's something else. you don't say those things when you're at an airport now and you're trying too nye and you're trying to get the safely. u.s. airways has to take every passenger on the plane safely to the next destination. he can't be threatening, alarming the flight crew. this is inappropriate

that's why i expect the profits to come in for usairways when it completes its merger with amr. capacity takeout just when you expect additional planes and routes to come online. i can't wait until "squawk box" tomorrow where the ceo of usair is going to come on. i bet he comes with my thesis that nobody is building so the profits are coming. don't build more cars, the profits will come, the heart of the rental car business. the consolidation is immense. the price increases are bounceable. if it weren't for hurricane sandy, pricing may not be that tight but getting a rental car is difficult because of capacity restraints. how can you not to want to own hertz. don't build it and the profits will come to the refiners. the profit margins were so horrendous for so many years and the competition way too vibrant. but there hasn't been a new built in this country for many years, many taken out of service, environmental issues. and we produce so much oil in north america, that many buy it here, sell overseas. lack of new capacity. and arbitrage between cheap domestic oil and expensive f

how much an opportunity does the american merger with usairways and expanding that group and -- and have a closer alliance and stimulation. >> i think that's something that's going to come -- it's not going to happen overnight. isn't going to be tenable to bring synergies to bear. american and u.s., as we talked about last time, have got enough on their plate to work through in their own back yard. i think the focus for iag needs to be the european sphere. >> yeah. >> and fixing their business there. arguably the challenge by iberia is it's distracting them from looking at the broader opportunities afield that would exist in the high growth markets like asia and the middle east. >> yeah. always good to see you. thank you very much for joining us. founder of athena aviation. >>> we've got more out from mervyn king. >> yes, we do. he's saying the bank of england wants to do more on leverage. they want to review supervisory system in four or five years. don't know whether powers will be adequate. this, of course, about the new committees that will be coming into existence here under andrew