now finally jetblue. shares are down 40% this year as investors seem skeptical of the spirit take over bid winning regulatory approval. investors also listening for any insight into consumer travel trends heading into the fall phil lebeau has the story on jetblue. >> reporter: hey, a few things people will be looking at. the obvious question that is going to come up during the conference call with analysts where do things stand in terms of progression toward talking with regulators getting the spirit merger approved by spirit share holders, etcetera. we know those calls are coming up but the business itself in terms of the airline, profitability level, where is it relative to other airlines they had a really bumpy may and june for jetblue so that is going to get a fair amount of attention. what type of growth are they seeing in their strongest markets talking about the routes down to florida, the trans continental which has been growing, and obviously they've added service over the last couple years to th

jetblue make a deal. they make a deal to buy spirit airlines. why this might result in changes to air travel where the talks more about this merger. will we get back? well for your money this morning, jetblue's takeover of spirit airlines could mean changes to air travel, but the justice department still has to approve a 3.8 billion dollar deal. if the deal is approved, it will make jetblue the 5th largest airline in the u.s.. that's right behind american delta, united and southwest. it would also make frontier which failed to take over spirit. the largest discount airline. jetblue says its goal is to offer lower fares that compete with the 4 major airlines. its plan is to retrofit spirit planes that can offer more leg room and amenities if the company gets a green light. the deal expected to close in early 2024. still ahead on the kron 4 morning news. we are remembering the life. >> legacy of in bay area legend bill russell will have more on his legacy when we get back from break. well, welcome back to the kron. 4 morning news can't believe we

interesting thoughts | there of the chief executive of jetblue. more than 80,000 tourists have been left stranded in the popular chinese resort city of sanya. a new coronavirus outbreak has triggered a lockdown and flights have been cancelled. the tourists will be forced to stay for a week, and can leave only after 5 clear covid tests. sanya, on the southern island of hainan, is known as china's hawaii for its sandy beaches and forests. joining me now is our asia business reporter monica miller. this zero covid policy continues. now holidaymakers are stuck. continues. now holidaymakers are stuck-— are stuck. indeed, as you 'ust mentioned i are stuck. indeed, as you 'ust mentioned they i are stuck. indeed, as you 'ust mentioned they have * are stuck. indeed, as you 'ust mentioned they have not b are stuck. indeed, as you just| mentioned they have not been able to leave there's been no transportation in or out of the islands. these are for domestic travellers. china has not issued any travel visas for international travellers in some time. there a

she knows about jetblue. she outperformed on jetblue. she is this morning going to have the good counsel of mark mccormick. they will take out a good match. mark mccormick and elaine becker. mr. mccormick joins us, the global head of fx strategy at td securities. what is the dollar going to do in the next year? mark: we will talk about the peak dollar story. that's not where we are at in the next couple of months, but if we look where we are and extrapolate past this year it looks like we will be at the conditions of the peak dollar, the fed cutting rate. the euro zone is looking into a recession, but all of those factors could turn by next year, so that is the big forecast in the story, the turning of the dollar in the next year. tom: on a risk-adjusted basis, including geopolitical risk adjusted, which is the currency flat on its back with the greatest weak dollar opportunity? mark: it is billion. from an evaluation -- it is still yet. from an evaluation perspective talking about the yield curve, 50% of the yield curve is inverted. if

disney to 10 bucks of earnings, 11 1/2 times jetblue we think $2 of earnings. that would put it at four times. the earnings growth is coming. all you need to do is hop on a flight to see it >> travel is crazy flights are packed year to date, i'm looking at it right now. jetblue down 42% if you can't get while the getting is good. >> you buy low and sell high you didn't want to buy it when we did at $15. we should have bought it here. you need to look forward and you need to be early jetblue's share price is kind of specific, too, to the spirit the spirit acquisition was so noisy and so cloudy and so emotional it distracted people from the fact estimates for 2024 really are about $2 a share. and so i think now that spirit's over that shift will start to happen and people will see it as just a cheap company >> okay. we'll take a break and come back with your final trades next. >> announcer: are you following the "halftime report" podcast? ll nngor you waiti f foowow (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-str

jetblue and southwest are the biggest offenders. 19% jetblue, 13% of southwest flights delayed today. not hurting most of the airlines all though jetblue is down just a fraction here but now the u.s. department of transportation says, yeah, we really need to do something about it. they've proposed a cash refund to fliers for canceled flights. how are the airlines responding to the plan? ashley webster joining us from orlando international airport in florida to break it down. ashley. >> reporter: hey, liz, there was a time when i really looked forward to coming to the airport and taking a flight somewhere but now, it's just a giant game of survivor, is it not? let me show you the departure board at orlando international and every red sign on the far right is a canceled or delayed flight. to your point, yep, the chaos of the summer goes on. the summer of discontent i like to call it. the airlines are still trying to get more pilots on board, trying to beef up their ground crews but at the same time, demand remains very high and that also raises the question, well, what happen ifs your f

if the deal's approval make jetblue, the 5th largest airline in the u.s. that's right behind american delta, united and southwest, but also make frontier, which fell to take over spirit. the largest discount airline. jetblue says its goal is to offer lower fares that compete with the 4 major airlines. the airline plans to retrofit spirit plane so that they can for more leg room and amenities as the company gets the green light. the deal is expected to close in early 2024. >> some banana boat sunscreen is being recalled because of a potential cancer causing agent tests found traces of benzene in 3 batches of banana boats, hair and scalp. sunscreen spf 30. the recalled products have expiration dates of december 2022. february of 23 in april of 24, the company says they have gotten any reports of any adverse effects from the sunscreen. they will offer reimbursement for the product. it's 6.50, right now. and this is not quite as well powerful as would gallant was after in lord of the rings. but this ring is real and it lets you pay for things. rich demuro expl

jetblue ended up with spirit. how did that happen? >> the spirit shareholders voted and they chose that path and i think for consumers, this is disappointing. if you listen to what jetblue is saying, they're going to raise the spirit costs and i think if you look at jetblue ace prices, talking 160 bucks round trip per person, over $600 for a family, millions more than consumers are going to be playing and we understand that they're blue about fares fares and we're offering $19 fares at frontier.com. >> is that a gotcha thrown in? >> oh, yeah, absolutely. [laughter]. david: now, regulators didn't see it that way. very quickly. >> well, look, i think the regulators have got to weigh in and they're early in the process and they've still got to get a shareholder vote and see what the department of justice says, we've got to assume that it goes through at this point. david: good to see you my friend. good luck to you and we appreciate it. the spending bill showdown is about to go down in the senate. the debate before the vote is just minut

well, guys, some big business news today, jetblue announced they reached a deal to buy spirit airline. >> steve: oh >> jimmy: yes. jetblue and spirit it's the perfect marriage between broken tvs and broken planes it's unbelievable. [ laughter ] it's -- that's right spirit agreed to a deal with jetblue and cancelled their merger with frontier airlines. today, frontier was like, "well, it's spirit, how did we not see this cancellation coming?" [ laughter ] some news from washington, president biden is celebrating a huge win after senator joe manchin suddenly agreed to support his climate and economic bill, meaning it will now most likely pass [ cheers and applause this is -- this is a huge victory for biden. in fact, right after the announcement, his approval rating skyrocketed to 11%. [ light laughter ] >> steve: oh >> jimmy: switching gears. apparently, this year, hershey doesn't think they're going to be able to meet the demand for halloween. [ audience oohs on a related story, biden's approval rating just fell back under 10 [ laughter ] did you guys see this? in an effort to be more

if the bill's approval make jetblue, the 5th largest airline in the u.s. that's right behind american delta, united and southwest. it would also make frontier which failed to take over spirit. the largest discount airline. jetblue says its goal is to offer lower fares that compete with the 4 major airlines airlines plan to retrofit those spirit plane so they can offer more leg room and amenities if the company gets the green light, the deal is expected to close in early 2024. 8.49. right now and some sunscreen from banana boat is being recalled because a potential cancer causing. >> agent was found in 3 batches of the banana boat hair and scalp sunscreen with spf 30. so they say that nobody's gotten hurt, that they haven't had any reports of any getting ill because of this. but there is a risk. so they do want you to take it back to where you bought it or they give you a refund. the recalled products have an expiration date of december 2022. february of 23 or april of 24, 50 is the time we've got lots more news that we're following this morning. it's not q

if the bill approved, it will make jetblue the 5th largest airline in the u.s.. that's right behind american delta, united and southwest. it would also make frontier which failed to take over spirit. the largest discount airline. jetblue says its goal is to offer lower fears that compete with the 4 major airlines. the airline's plan to retrofit spirit airlines so they can offer more leg room and amenities if the company gets the green light. the deal expected to close in early 2024, you could be taking on those flights. it's 5.25, and elon musk countersuing. >> twitter this after twitter sued him in april saying that musk failed to follow through with the 44 billion dollar deal to buy twitter, twitter shareholders is supposed to vote on that deal in september in regulatory filing it. they are released that yesterday. our chart last week the company said the shareholders are recommending they complete the deal. no details of must lawsuit have been made public. we just know that he is countersuing. >> sure in the it's not the sun up in the sky. some of god. >> well

jetblue refuses to stop. i know they will try to solve the antitrust issue by trading to some other company but that will not be enough to -- antitrust issues. it is very good at pushing -- elliotts ballgame. not unlike what we sell with pinterest tonight. it was talked about it one time. on wednesday, this is what is so cool about this week. paypal, air b&b, starbucks. these are well-known names. these are all names you know, including cvs health. i expect a really good number. i have to address this. going to a drugstore is so horrendous with all the merchandise under lock and key. i don't get my toothpaste and shaving cream from amazon. it is faster than ringing that but belt. i need help, i need help. what the heck is that? humor me. what will they do with all of that vaccine money? it is a -- people don't like it if it is just a vaccine. they want something besides the covid vaccine -- pipelines and merge them altogether. that would make it into a major. young brand, i bet they could put up big numbers,

shares of jetblue, they're nose diving about 6% after the airline reported a loss of $188 million for the second quarter. the airline attributes the loss to higher fuel prices and labor shortages but says it does expect to become profitable in the third quarter and jetblue said demand soared with a record number of customers. second quarter revenue, 16% higher than in 2019 so, guys, let's get up to the earnings per share part here. all right. oakly shares dripping wet at this hour, after 15.6% after the oat based milk company lowered between 800 million and 830 million and that from a range of 880 to 920 million. oatly says the war in ukraine and supply chain issues are crimping growth and the company slashed 2022 capitol expenditure forecast by 50%, which will affect plans they had to ramp up production. by the way, at $3.30, shares have lost about 58% year to date. investors though are pending pinterest stocks to portfolio mood board after activist investor elliot management announced it's the biggest investor in the digital pin board platform. elliot says the company has significan

we are standing by for jetblue and uber earnings out in moments. they are expected to lose money in the last three months. i'll speak to the ceo of bank of america this morning to get the sense of the consumer and the macro story, brian moynihan will join me, one hour from now on his proprietary data on the consumer as well we'll get into the pressures that companies are facing today over climate rules and the biden agenda. "mornings with maria" is live right now. and it is time for the word on wall street. top investors watching your money. joining me, dennis gartman, payne capital management president, ryan payne and chief equity strategy quincy coosby. thank you for being here. we have uber reporting a revenue beat and the stock is on the move, even though it lost money in the quarter. jetblue is about to report a double miss on earnings as well. youtube -- uber is up 15%. they beat revenue. but the company is still losing money. jetblue just reported a double miss on earnings. they too lost money in the quarter. quincy, i want to get your take

this deal comes after a long bidding war between jetblue and frontier, which is why insiders say getting to an agreement was a rocky process. oh, you mean it was... turbulent? ( applause ) nothing is final yet, because the two airlines now have to wait for regulatory approval, but they expect to close the transaction no later than the sounds like a long time, but while they wait, they can go to sbarro, maybe check out the duty-free, get some cologne, liquor, and 700 cigarettes. walk back to sbarro. convince themselves that 9 a.m. is late enough for a cocktail. then, boom, it's 2024. but i gotta say, this merger is bittersweet for me, because spirit airlines is one of my favorite companies to make fun of. here's a taste. meanwhile, airline passengers were stunned when a women was caught breastfeeding her hairless cat on a delta flight. i know, shocking... that this didn't happen on spirit airlines. ( laughter ) ( applause ) spirit airlines released this pro-pride statement: "at spirit, we embrace all people who are willing to sit in pet cargo and pay for their ginger ale and peanuts with

jetblue is down 6.1%. higher fuel costs weighing on the profits. wider loss than expected. investors not liking it. transportation sector truly underperforming. guy: absolutely. ii will bei speaking to the ceo jetblue later on. they are distracted by the spirit story. let's focus on what is happening in taiwan. you are looking at a live shot from taipei. we understand that nancy pelosi's jet -- we think it is nancy pelosi's jet -- it is now in taiwanese airspace. we are getting cctv reports that a fighter jet is flying across the taiwanese straight, taiwan s trait. we will keep an eye on both of these aircraft. kishore mahbubani, distinct fellow at the asia research institute, joining us from singapore. he was singapore's ambassador to the un, sat as president of the un security council. he has watched situations like this unfold. we are interested in his point of view. thank you for your time, sir. how big an escalation is this, if nancy pelosi is about to touch down in taipei? kishore: is very, very serious. i think it is very important for americans to take a very long-t

jetblue. you own palo alto. let's go there first. >> this is interesting. i think we can both win here. this whole cybersecurity place is like the original razor blade model. we will never ever be able to get enough of it. we are going to need it forever and keep buying more and more new versions of it. in our case, we own palo alto because they have a higher cash flow. crowdstrike generated about 440 billion -- sorry, 440 million free cash flow. palo alto 4%. here is where you might do better than me. you've got a 50% growth rate. we've got a mid-20s% growth rate on growth revenues. for us, we need higher free cash flow yield. that's the way we play the space too. but in a way i think is a little bit safer. >> you've got something on jetblue, which i just mentioned, resumed neutral. $10 is the target. >> i think that's low. what's interesting -- >> but 15% from here. >> i think it should be up 100%. here's where we are. the thesis is exactly where we are now as when we overpaid for it. the thesis then was that they should get back the two earnings. consens

jetblue dealing with higher costs. we have some dealnews. cd bank acquiring -- the caterpillar outlook. impact in part by the realities of china. that is weighing on the dow component now. let's stay on the story of china and the tensions with the u.s. markets remaining on edge as the house speaker nancy pelosi visits taiwan, stoking tensions with china. she was greeted by officials in taiwan, much to the dismay of china which as a result announced missile tests and military drills encircling taiwan. let's get details from emily wilkins. thank you very much. tensions are running high. what can you tell us? emily: we knew china would be retaliating in a strong manner if pelosi made this trip. speaker pelosi went anyway with the backing of a lot of members in congress and the white house, both from her own party and republicans have backed this historic trip. pelosi says the trip does not indicate any sort of wider change in policy towards taiwan but it is a show that the u.s. stands with taiwan and with taiwan's democracy. there were question

report on job openings on the number people quitting their jobs, plus earnings from caterpillar, dupont, jetblue, marriott, airbnb and starbucks amazon is teaming up with select stores in local shopping malls to offer same-day prime deliveries. the service will only apply to orders from gnc, super dry and diesel and pacsun for now but they're working on delivery from others the coming months, and it is limited to certain cities which include atlanta, chicago, dallas, las vegas, miami, phoenix, scottsdale and washington, d.c. dallas, las vegas, miami, phoenix, scottsdale and washington, d.c. if you're in those areas you can browse through and ordered a select number of goods from local stores on the amazon website. stephen king will take the stand today in a federal antitrust trial in washington and he is a witness for the government as it tries to block a merger between two of the world's biggest publishers, penguin random house and simon & schuster. king expressed his displeasure with the deal, even though he may benefit. he has been published for years by simon & schuster. the king is worried

. >> reporter: as far as the worst on-time record right now, frontier, jetblue, and allegiant. i was in contact with the legion today. the rivers and said exactly what you said we are having trouble with staffing and then we got hit with nasty weather. but those two together, people are not getting where they need to go on time. about 40% of their flights have been late recently. >> frontier is endeavor a lot. what is happening in terms of cancellations and delays? will he get better now that the weather is getting better? >> reporter: yes, the weather is one thing. the kids are going back to school. fewer people are flying. there are fewer people to inconvenience. that is going to happen and is happening right now. let us hope that the airlines learn something from this summer and they can apply it to both the holiday season and maybe next summer. we will see. this report, discover the first part of the year. it is not the cover july or august. i'll be back with you in a month and we will see how much worse they got >> quick protect it if i'm taking a flight anytime soon -- >>

shery: the jetblue ceo speaking with guy johnson. we're counting down to the start of trade in korea and japan. the bok said to resend u -- we're keeping an ion earnings from banks, defense stocks are in focus. this with speaker pelosi's visit prompting china to announce military drills. in japan, we are watching for the release of economic data with services and composite pmi. the labor secretary seeking to raise the national minimum wage, earnings are due out from companies including nintendo. haidi: that's romantic recovery we saw in the -- dramatic recovery in the yen is coming to a halt. this is a key technical level we have seen the yen hold pretty much all year. is there an expectation we could see more haven demand given the geopolitical uncertainty? reporter: there is some of that. it's the v-shaped recovery in the dollar yen after it got too robust. the dollar-yen is in a strong downtrend after running into a wall. even with fed speakers pushing back against the idea they will pivot towards a slower pace of rate hikes, the

before the pandemic, i led jetblue. now, i know it's as much chance of a boston red sox plar getting a good hit as there is of my jetblue flight taking off. it's absolutely --ou know the thing is, pete, you know, if i don't make my flight, you know, nbc will figure it out. we got people whose livelihoods depend on getting on those flights. or who have kids, have minors, trng to get back from visiting grandmom that are stuck in an airport that missed three flights. i have somebody whose 14-year-old had three flights ncelled on them. you talk about them having to scramble. here's the thing, mr. secretary, we hear it ery day from our friends and from our relatives. and from people who are aren' as fortunate enough as us to be able to figure out a way, and you, out of the crisis. like, we need relief. what are the ceos telling you about what they're going to do? >> yeah. so, i've been talking to them a lot. brght them all in after the memorial day weekend whi you might remember had an unacceptable level of cancellations and

a jetblue airbus was pushing back from the gate when it clipped the wing tip of a southwest jet. a member of the ground crew was seen holding a piece of the wing tip. there were no injuries reported. the southwest jet was empty at the time. it's been taken out of service for repairs. >>> and when we come back, a young football fan makes the play of the game and brings down the house. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. life... doesn't stop for dia

investments revenues did come in much bert tbetter than expected and uber turned cash flow positive jetblue is down. the airline company reports a bigger than expected flloss on slight miss on revenue expectations and marriott up over a percent, just over 3,000 shares of volume earnings and revenues both beat estimates and gave upbeat guidance, indicating perhaps that travel demand looks to have momentum so mayrriott shares, jetblue shares moving in opposite directions >> regarding two of the stocks you just hit, viewers should hit a couple of big interviews ub uber's ceo and then the ceo of caterpillar. >>> president biden's going to make a virtual appearance in michigan to talk up the $280 billion chips and science act. the president is expected to sign the bill into law any day now of the joining us to talk about the measure as well as the climate health and tax bill that democrats are trying to pass through reconciliation, brian deese. it's great to have you on, as always can i just start by positing what some economists and others have said about what engendered the inflation we're see

jetblue falling after posting a wider than expected loss, the airline citing fuel costs and higher labor costs it says it's poised to return to profitability the back half of the year both cf and mosaic reported today. >>> now to tyler mathisen for a cnbc news update >> in the next few minutes merrick garland with announce it's calling the first affirmative litigation to protect access to reproductive health care following the supreme court's decision to overturn roe v. wade since that decision, kansas residents are asked today whether or not to approve an amendment to the state constitution it would give its republican-controlled legislature the authority to restrict or ban the procedure. right now the state's constitution protects abortion rights the vote is expected to be close. >> and stephen king testifying today, that the suggestion the two companies would bid against each other, is as ridiculous as a husband and wife would compete to buy the same house. >>> up next, the street looking for any guidance how the chips act may impact amd starbucks facing foreign exchange headwinds, an

we have another week of earnings ahead, caterpillar, uber, starbucks, jetblue and cvs out this week and the july jobs report out on friday. the expectation that 250,000 jobs were created last month with the unemployment rate holding at 3.6%. take a look at europe p mean markets -- european markets to the plus side this morning, gains in england, france and germany. in asia, green across the board. the biggest winner, the nikkei in japan, up about six tenths of 1%. a new study shows the inflation reduction act of 2022, guess what, surprise, surprise, will not reduce inflation. the bill raising hundreds of billions of dollars in taxes but senator joe manchin saying otherwise. >> i said all we did was close loopholes. dagen: all it does is close loopholes. tell that to manufacturers in this country. we'll get into it all morning long. "mornings with maria" live right now. a new study from -- ♪ it's raining more than ever. ♪ know that we'll still have each other. ♪ you can stand under my umbrella. ♪ you can stand under my umbrella. ♪ ella, ella. dagen: a new bill from shy you her

air force and nfl and raytheon and uber and jetblue. >> we take the airline protocol and we have room for insight to dashboard to tell them when it happens. we tell an airline over the week, these flights will be at risk of weather and if you need to deice the plane, do it now to avoid delays or safety impacts >> reporter: climate security is fast part of global is security as cities and governments and businesses start to build climate adaptation systems that's why tomorrow.io is sending satellites into space to send data back more frequently than government satellites. >> it will revolutionize weather operations for the entire planet >> reporter: tomorrow.io is not only company dark sky recently bought by apple. these companies are nothing like the legacy names this is intelligence and modelling and planning and prediction takes place before a drop of rain ever falls. brian. >> all right diana, we talk about how companies have to disclose potential risk from climate in the disclosures going forward. how could predictions and technology like this factor into that risk and help them p

meanwhile jetblue shares lower after the company reported a loss of 4 cents a -- 47 cents a share. higher than analysts expected revenue of 2.5 billion. the company sees profitability returning in its current quarter as all important revenue per available seat mile is seen rising 23% this quarter. by the way those capacity levels will still continue lower. and finally shares of british airways owned by this company, international airlines group, it is reporting it is suspending the sale of short haul tickets from london's heathrow airport. the airline saying the move which runs to august 8 travelers is in response to heathrow's request. as europe's biggest airport deals with luggage losses, staff walkouts, pilot shortages. i have to say, jackie, i was in the middle of all of that only a couple weeks ago. it's pretty intense. jackie: i hear if you're headed to the airport you better buckle up on your patience and not something that i'm willing to do. but i also will say, gerri, i probably contributed to the uber-earnings with the crime props in new york city, riding the subway, issu

. > >> taking a live look at sfo or jetblue is cutting two roads to these coast starting next month. month. will no longer fly nonstop to newark. they are extending a suspension of nonstops to hartford, connectic. hartford, connecticut. the airline is cutting a total of 3s from the national network. it will ensure operational reliability. > >> we have seen studies measuring which city has the happiest people. i study is using tech to prove why one bay area city has been named the ha. the happiest. >> reporter: the city of concors the happiest people in all of a. of america. we know that becaust is written all over their facess faces. concord's plaza is an old-fashioned townsquare and he is not surprised people seem happy. >> i have seen some of the happiest people in this square. i have seen the kindest human i. human interactions. i have seen life in action. >> reporter: a business analytics company called house h has discovered just how happy people are. they analyzed tens f thousands of instagram selfie ps selfie photos from all over the country using a microsoft facial facial rec

a jetblue plane clipped the wing of a southwest jet. no one was hurt. there were no passenger on the southwest jet. but, the southwest jet's wing was damaged. southwest says that this aircraft involved is now out of service in order to make necessary repairs. reggie: now for morning minute report. california dmv is accused tesla of false advertising of about the self-driving technology. the dmv is taking issue of the claim on the website, that says all you need to do is get in the car and tell it where to go. there's concerns about the names of products like auto pilot that insinuate the cars are fully driverless. last year, senators call on the ftc to investigate tesla of misleading advertisement. the dmv tesla needs to to do more oeducate. demand for grocery delivery services taken a tumble. grocery delivers in june were down 26% from 2020. customers tell the ap, they need to cut delivery costs with rising inflation or they feel more comfortable shopping in person. cvs health is looking to expand it's reach in the medical field. "wall street journal"

look, they're switching on the after burners as we got jetblue, american airlines. everybody, ual, southwest, delta, all moving higher anywhere from 2 to 4%. even more impressive perhaps is crude line stocks. look at these jumps here. carve value up nearly 10 -- carnival up 10% and cruise lines and norwegian and these are impressive gains but none of the names is anywhere near the 52 week highs. that said, you'll take the jump. but look at how financials are joining the party. banks usually rally on the prospects of higher not lower interest rates because they can charge more for loans but we see all kinds of banks, both mayor and smaller ones -- major and smaller ones and citi up 2.6% and not just the goliath, 27 billion market cap and that one is jumping about 8.25%. first bank corp. about 2 billion market cap and jumping 2.5%. we have -- 3.5% and cintech 3.7% gain and the dollar and perception is that slowing inflation might mean less aggressive rate increases and it's bringing down the green back and it's falling right now against the yen, euro, and pound sterli

air force, the nfl, uber, ford, delta, and jetblue. >> we take that operating protocol and put in our system. we have room for proprietary insight in a dashboard to tell them what will happen. we tell the airline over the course of the week, these flights will be at risk. if you need to get the plane deiced, now is the time. >> reporter: climate security is becoming part of global security. cities, governments, businesses are building lima adaptation systems. climate security is a new cyber security.>> reporter: the company is sending its own satellites into space, sending back data far more frequently than the government weather satellites. this will revolutionize weather forecasting for the entire planet.>> reporter: this is not the only company in this space. there is also dark sky that was recently bought by apple. the new companies are nothing like the legacy name. this is whether intelligence, modeling, planning, and prediction. this takes place before a drop of rain ever falls. >>> in marching their way across several states, destroying dozens of plant species and causing hundr

air force, the nfl, raytheon, uber, ford, delta and jetblue. >> we'll take an airline's operating protocol and upload it into the system and proprietary insights and dashboards that tell them exactly how it's going to happen. we'll tell the airline over the cows of a week and this is the time to do it to avoid delays or any safety impacts climate security is fast becoming part of global security as cities, governments and businesses start to build climate adaptation systems >> it is the new cybersecurity that's why tomorrow.io is sending its own satellite into space which will send data far more frequently than government satellites >> it will revolutionize the weather forecast for the entire planet >> tomorrow.io is not the only company in the space there's also dark sky which was recently bought by apple, but these new companies are nothing like the legacy names. this is whether intelligence, model and planning and of course, prediction all of which takes place before a drop of rain ever falls. tyler? >> more and more companies are required now to disclose their climate risk so how will

american, delta, jetblue, united, and southwest have all rewritten their policies, before you almost had to be a lawyer to sift through some of these. all these airlines have rewritten their policies in plain language. in some cases, some airlines are going one step further and outright changing the policies themselves. here's one example. on united airlines, you used to be entitled to a meal voucher only if your flight was delayed four hours. now united will give vouchers to passengers delayed more than three hours. one big caveat here, these passenger protections only apply to delays and cancellations within an airline's control, we're not talking about the weather. but this is coming out right before the labor day rush. faa expects tomorrow to be one of the busiest days in terms of flights in the air. >> all right. pete muntean, thank you very much. i now i something to look forward to, now that we all know. >> that free meal. "the lead" with jake tapper startsts after this short break. . encourage one another..... i can buy gold for this?! you can buy gold for this. and talk abou

jetblue and starbucks among those reporting this week, two of the big names today's opening bell rang in a new start of the month, and that is following a big month in july best month for the s and p the down the nasdaq. all since 2020 so coming off of that, as we take a live look at the numbers started out negative but just turned positive moments ago. all three indexes the dow jones up slightly. the s and p 500 up slightly as well but gained about 9% for the month of july, the nasdaq of about 12% for the month, and it's a half of a percent this morning. trick or treaters may not get to indulge on their sweet tooth. as much as they hope this halloween. we talked about a little bit this about this last week. the hershey chocolate company is warning a nationwide candy shortage could be imminent. now. the company blames the shortage of supply chain issues. some of it is tied to with covid pandemic demand outstripping supply. also the war in ukraine, ukraine exports many of the ingredients used in many of her . she's halloween themed treats households nationwide are feeling the impacts o

there are tents jetblue in interests. it is more than about the facts of her case. she referenced that in her remarks to the court saying she did not want politics to play into her case when she addressed the court and made her apology and ask for the course consideration. for the biden administration there is a lot of play. they say they have made this substantial offer to the russians to offer a russians arms dealer in exchange for the two americans. that is a significant offer when you consider the very degrees of importance in terms of what he means to president putin and of course with these two americans mean to the united states. is it going to be substantial enough or is this going to be a protracted discussion? there have been some sense that it would not be likely russia would engage until his own judicial process concluded. today is perhaps an important marker in that time on. clearly the president made a very swift statement, calling this unacceptable and saying she needs to be released along with paul whelan. now the next steps will put more pressure on

while frontier, jetblue and aleejt make up the bottom three, landing two out of five flights late. the airline tells us it continues to be impacted by a labor shortage. adding they are actively working to mitigate the problem. on the cancellation front, american, delta, and united also have the highest cancellation rate this is june, though offer the most flights. american and delta tell us they have since improved their operations. >> june was the worst month of the year when it comes to flight delays and cancellations. now i think things have improved significantly, but i think it really underscores just how bad things got with air travel. >> reporter: one key tip ahead of the holiday travel boom. book early flights. the report finding those flights were about 25% more likely to be on time than those at the end of the day. and if you're caught in the travel nightmare with a delayed or canceled flight, be sure to ask the airline for compensation. >> everything is on the table and it never hurts to ask. >> reporter: still, some hope for travelers heading into the fall. many experts

we'll get the story on trade, uber, pinterest, and jetblue home prices are cooling off while inventories build. will it be enough to solve the affordabilit

so jetblue is one this offering some versailles, alaska airlines as well. those sales due expire today and this is for travel book from mid august through early november, walmart is cutting about 200 jobs. these are mostly corporate employees at its arkansas headquarters. the job cuts are coming from various units, including real estate technology and merchandising. last week, walmart warned its profits would decline because it was having to mark down clothing and other merchandise piled up in its stores. well, small so deaths appear to send kids back to school soon. there is a critical item needs to be included on the checklist. and that's checking all the online platforms. the kids are using, which are numerous these days and to have conversations with them about cyber safety, the kids and teens between the ages of 8.28 spent about 44 hours each week in front of digital screens, according to center for parenting education and cyber safety consulting. officials told fox digital there are spent a lot of hours attempting to groom children online. well, apple

it's where the jetblue airlines person of going down the inflated slide and say forget it. i'm done with this and then in the moment you think about that and what that would mean and realizing of course, it wasn't as if it was hunger games where i pointed a prosecutor i invite ask for the opportunity to do so and what that meant was also abiding by the law as it's currently written and being able to pursue justice when the constraints of that and so i hope when people read this book they're not with the impression of well there were, you know, you can just do whatever you want. it's also if you find yourself saying there should have been an alternative there should have been a different mechanism. the law does not compute and align with what we know is the right thing. that's where you've got the right fertile soil for reform and realizing that do we really want a system where when i was in private practice, i had personal clients as a prosecutor. it's the united states. it's society who's offended even for the so-called victimless crimes. it's the victim has a stance and h

topping that list were hawaiian and alaska air while frontier, jetblue, and allegiant make up the bottom three with the highest rate of delays allegiant landing two out of five flights late. adding they are working to mitigate the problem on the cancellation front, american, delta and united saw the highest cancellation rates this june though they offered the most flights american and delta tell us they have since improved their operations. >> june was the worst month of the year when it came to flight delays and cancellations things have improved but it underscores how bad things got. >> reporter: book early flights. the report finding those flights were about 25% more likely to be on time than those at the end of the day. if you're caught in a travel nightmare with a delayed or cancled flight, be sure to ask the airline for compensation. >> everything is on the table, and it never hurts to ask. >> reporter: still, some hope for travelers headed into the fall many experts are expecting ticket prices to drop after the busy summer season if you take to the road instead, gas prices are sti

>> well, you know, it was almost 20 years ago that jetblue decided their agents would best work at home, so there are jobs that it's ideal to work from home, but far more of the companies are going to come into the office for some of it. if for some reason somebody doesn't want to come into the office at all. it's only reasonable that the company doesn't have to pay them as much, if the company's even willing to accept it. but like i said, there are some jobs, a few, that working from home is fine. many, it's best if you come into the office at least some of the week, and then there's other jobs where a company is just going to have to say for the vast majority of employees, you have to come in once again, every single day. if somebody doesn't like it, then they can try to get, you know, work from home more often. i think it's reasonable for them to be paid less if that's not ideal for their employer. neil: you have to wonder in this environment, katherine. jamie dimon head of jp morgan chase, echoing the need to get people back into the office five days a week and i think you're buildi

this is on the bbc, and this is the head of jetblue saying i now need to over hire. to me, that is a fascinating sentence about the labor economy to come and wage dynamics. lisa: basically speaking to the great resignation, talking about attrition, how in order to have the qualified people that they need and to be able to keep their planes operating so you don't get stuck on the tarmac heading to atlanta instead of puerto rico, that you need to have an over-filled bench of potential people. how much are companies going to avoid firing in the downturn in order to get that? tom: absolutely fascinating. that just stopped me in my tracks. futures advance up 18, i guess it is a bull market. this is bloomberg, good morning. >> it is important to recognize that when you are in bear markets, they do not go straight down. >> the market seems to be more convinced inflation is close to a peak. >> core inflation represents the type of economy it is is still rising. >> i think it will slow organically. >> this is "bloomberg surveillance." lisa: it is merger monday ahead of cpi we

we will see if it will an awai regulatory caterpillar and dupont and jetblue with the deal with spirit and march riott before te bell we will hear from yum brands and under armour and robinhood we get eli lily and then draft kings and amc and cinemark we get the jobs july report on friday no adp private payroll report. you marked your calendar the company is still working to retool the methodology >> okay. whatever maybe we won't need it the next month. we will retool our technology. we won't need adp. >>> are these regular calendar year companies that are not ready by august 1st with reports? a lot are retailers. fiscal years are different this could be a quarter ended in july. >> are you asking why? >> why they expect us to jump when they totally miss the reporting period and we are still supposed -- why can't you get it done? if it ended in july, why >> about when they think they get air time not on cnbc. elsewhere. >> most people, if your quarter ends in june, how long does it take to do taxes do you get extensions? >> of course >> so do i >> this is an extension. >> if they miss t

stuart: tell me about jetblue. lauren: okay. they're still losing money. that's why it's down. but they do expect a current quarter profit. their costs are rising. demand's rising, costs are rising. i just picked out one example of this. their fuel costs, it was $4.24 a gallon in this past quarter, compare that that to $1.91 in the same quarter last year. you can't budget for a jump like that, and that's what corporate america, every industry i can think of, has been grappling with. as we criticize some of these earnings, everything that's been thrown at strong companies they've been able to handle. stuart: yep, you got it. tell me about apple. did i see that they are starting to see bonds? lauren: yeah. stuart: why are they doing that? lauren: well, i guess they find it attractive right now to tap the corporate market. my question is, why aren't they borrowing more in this way? $5.5 billion is pocket change. it's pocket change. go ahead. >> so they're borrowing money at a much lower rate to invest and buy back their own stock. it'd be like you taking a home equity loan and tak

. >> what do you make of this jetblue merger good for the business? bad for the business good for competition bad for competition? >> look, before i joined price line i was an investment banker and my clients were airlines so i dealt with a lot of m&a in the airline industry overall, air travel, i know people don't feel it today, but overall, overall air travel has significantly improved i'm an old guy now i remember traveling when it was a rare thing to do most people didn't travel by jet across the continent or across the ocean. now so many people can do it and certainly, the idea of bringing companies together, make things better for the consumer and i'm looking forward to the results. >> glenn, we got to run, but should we be buying insurance on all these trips? at the end, when i get down on the website and i've bought everything, and it asks me for the insurance, do i accept or decline? and a lot of airlines now do free cancellation. >> it's an individual choice we do off, i think it's a great thing in terms of feeling safe that if anything goes

airlines moving lower, jetblue down 3%, southwest 2.3%. you don't see a lot of smiles airports these days. now this, the 2,022 football season is kicking off and players are looking to profit off their name, image and likeness. grady trimble is at northwestern university. how much can players profit with these deals. >> some student athletes can earn hundreds of thousands if not millions of dollars. college athletics has always been big business but now it is when student athletes themselves can make money off of. here's a look at the highest earning teams and players making money off of their name, image, and likeness deals, one unknown football report could made a cup to $8 million by the time he graduates and it's not just football players playing at big schools making big bucks. olivia dunn is a gymnast at lsu but also a tiktok star cashing in on that internet fame making more than half $1 million. there's a company called athlete branding and marketing that represents the negra ask a cornhuskers players, it says it already helped stud