35 Burst results for "Southwest Airlines"
"southwest airlines" Discussed on WTOP
"The thousands caught in that Southwest Airlines major holiday meltdown back in December, and they say, despite promises of a refund from the airline getting reimbursed, has been in far from an easy process. Since last December Mark and Stephanie Hesse have been trying to get a full refund from the money they spent on their flight to get to cancun for a family holiday that never happened, but receiving the final 1500 they say has been a struggle. It's always the same response that I'm really sorry that this happened to you. This is the best that we can do. The problem is they use southwest gift cards they say to pay and the airline told them that means they can only get travel credit and vouchers, not money back. They spent hours on the phone with Southwest. You just almost want to say, forget it. The money's gone, but in our case, we can't. WTO reached out to southwest and was told the airline is taking steps to make it right with the customers. And since then, the Hesse say they've been told a check is on the way. Mike Murillo WTO news. You might have heard Steve rudin tell us a few minutes ago that we're going to approach 90° tomorrow. That's not all. We're going to be under a code orange air quality alert. It means staying outside too long poses risk to sensitive groups, including kids, people that suffer from asthma or heart disease or other lung diseases, and elderly folks. You can minimize the effects of the poor air quality by avoiding any strenuous activity by working out indoors, temperatures tomorrow will near 90 as we said will have your full forecast here on WTO. We've got a heads up now for Alaska airlines flyers. The airline is doing away with boarding past kiosks at the airport. That means the travelers will now have to pull up their boarding pass on your smartphone or you could print it out at home or in the office before heading to the airport. But if you're in a pinch, airline employees can still print out your boarding pass, if you show up at the airport without one. Alaska airlines executives say the goal of all this is to reduce congestion at the checking areas and get passengers to the security checkpoints faster. Now ten 55. Sports hit 25 and 55 powered by maximus, moving people and innovation forward. We're going to Frank hanrahan, saying he's not a cheater, Max Scherzer though, suspended ten games by baseball fine $10,000. When he was pitching for the mets yesterday against the Dodgers, ump said that he had a hand that was too sticky, you know, they check their hands and their gloves between innings.
Southwest grounds flights nationwide due to technical issues
"Southwest Airlines grounds flights nationwide due to technical issues. Southwest plains were stopped from taking off for what the airline called an intermittent technology issue causing more than 1500 flight delays just four months after the carrier suffered a meltdown over the Christmas travel rush. Southwest and the FAA said by late morning on the east coast that the pause had been lifted. The Dallas based airline blamed the issue on a vendor supplied firewall going down and a connection to some operational data was unexpectedly lost. By late morning on the east coast, southwest accounted for well over half of all delays nationwide, but the airline had canceled fewer than a dozen flights according to flight aware. I'm Julie Walker
"southwest airlines" Discussed on WTOP
"San Antonio. The flights are daily, spirit competes with Southwest Airlines for BWI to San Antonio service, spirit doubles its service from BWI to San Juan starting in May to two flights a day. Jeff Klebold news. All right, thanks so much, Jeff. Four 41 now on WTO, metro trains have been under manual control for more than a decade after the deadly crash of 2009, the biggest crash ever, but now metro is making its final preps to bring automatic train operations back NBC four transportation reporter Adam tuss joined us earlier to talk about when we could see it happening. What metro would like to do is switch the ATO system back on on the red line first and that'll be in the summer sometime in the summer. They can't say specifically yet. And then all of the lines by the end of this year and when you take a look at the operational efficiencies that something like this could have, it really could be big business for the metro system getting riders to come back because for so long now we've been hearing from riders who say, look, it's taking too long in between trains, the wait times are too long. Something like this, if you equate it to automated driving system in your car, it can cut down on seconds, which then leads to minutes and then leads to a better ride for everybody. 9 people died in that 2009 crash on the red line, as we mentioned, it was the deadliest in metro's history. The conversation around gentrification is happening in cities nationwide, a group of D.C. students is looking at what it means to residents in this city. Kennedy street out of northwest has been a staple in the district for decades. There are so many wonderful businesses and a very strong sense of community. Grew up here and goes to Duke Ellington. She directed a documentary she and her classmates put together. For the D.C. independent film form, it's called Kennedy street. They spoke with residents about gentrification. And I'm noticing that we have that. More people than I expected were not as angry
"southwest airlines" Discussed on Bloomberg Radio New York
"There are promise. Promise we made. Work hard and contributing when a times country to retire, you'll be there. We'll be there for you to help you out. Biden says if Republicans try to cut the programs, he will veto their bill. Yesterday during a trip to a union training center in Wisconsin, Biden talked about how his administration is creating more jobs. Southwest Airlines officials have been doing some explaining to lawmakers today on the Senate transportation committee about why the airline suffered such a chaotic winter meltdown. Captain Casey Murray said the southwest pilots association, which he heads, and long been warning about system inadequacy, when there is a disruption, any pilot who is here can attest to the chaos that they go through and going to work. They don't know where they're going to go. They don't know how long they're going to be on duty and they don't know how long they're overnight is going to be. Andrew watterson Southwest chief operating officer said it goes beyond investing in computer system upgrade. We need more infrastructure and airports for de icing we need more de icing trucks. We need to weatherize our ground support equipment. So there's lots of work and lots of expenditures we expect. Water since Chicago midway and Denver top that list. In Washington or Chapman Bloomberg radio. Three days before the Super Bowl, the National Football League faces a proposed class action lawsuit. It's been filed by former players who claim its disability plan prevents them from getting treatment they need. Ten former pros filed suit in Maryland today saying they were forced to sort through what they called an arbitrary obstacle course to back up their claims, they include claims for severe neurological damage that the players say were caused by years of brutal collisions on the field. Global news powered by more than 2700 journalists and analysts in over 120 countries. Bloomberg radio on demand and in your podcast feed. On the latest edition of the tape podcast
What Is a "Christian Nationalist?"
"They should fire the writers of this article if they have any honor at brookings. But hey, who fires anybody unless the person comes out with a conservative sentiment. Anybody at Southwest Airlines fired? I had heard it I haven't heard about it. How, so now we've moved to bias, they didn't cover any data on violence against Asians. No data. A recent study finds that, in fact, Christian nationalism is the strongest predictor of xenophobic views of COVID-19, what does that have to do with anything? If you understand the disregard for honesty in this article, Christian nationalism is the greatest predictor of xenophobic views of COVID-19. First of all, they made up Christian nationalism. This is invented at The New York Times. I know more Christians than almost any Christian does. I'm a Jew, and I am deeply involved in Christian life. As I am in Jewish life. I never heard of Christian nationalism until The New York Times wrote about it. What does it even mean? Somebody who says this is a Christian nation is a Christian nationalist. You may agree or disagree, but I don't even know what that means. Does it mean they want to throw non Christians out of the country, does it mean that they want to impose Protestant theology on people? If you don't believe in Jesus Christ, you can't have a job in the government. What does it mean? The greatest advocates of separation of church and state have been protestants, just for the record.
Did the Lockdowns Cause a Shift Towards Conservatives?
"I'd like to, I'd like to follow up on this. I haven't read any commentators. Have you who have pointed to the lockdowns as a shift to conservatism among Americans? I think that a lot of people thought to realize that every left wing group, especially teachers in medicine, are corrupt, are morally corrupt. So when you start to think that you start to think, wow, maybe conservatives have been telling the truth and the left has been hurting people. And lying. What teachers did is so inexcusable, but their excused, you know who might compare the teachers unions to Southwest Airlines. They do all this damage and nobody gets fired.
"southwest airlines" Discussed on Bloomberg Radio New York
"The pioneering broadcast journalist died Friday in New York at the age of 93. In 1976, she became the first woman to anchor a nightly newscast. Things appear to be back to normal for Southwest Airlines, only about 40 flights were canceled Friday. The number is a huge drop from the almost 3000 cancellations on each of the past few days. The Southwest Airlines pilots association says the massive cancellations were caused by Southwest failing to modernize the computer software that controls work schedules and routes planes. That's the latest I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Disgraced crypto founder Sam bankman freed plans to plead not guilty to fraud after being charged with orchestrating a year's long scheme at FTX, we're hearing that bankman fried is due to appear before federal court in Manhattan January 3rd and is expected to enter pleas of not guilty to 8 offenses, including wire fraud, a spokesman for bankman freed declined to comment about the plans. Elon Musk was the second person ever to amass a personal fortune of more than $200 billion breaching that threshold in January 2021 months after Jeff Bezos. The Tesla CEO has now achieved a first of his own, becoming the only person in history to erase $200 billion from net worth. Musk has seen his wealth plummet to 137 billion after Tesla shares tumbled in recent weeks, including an 11% drop on Tuesday that, according to the Bloomberg billionaires index, his fortune peaked at $340 billion November 4th of 2021, and he remained the world's richest person until he was overtaken this month by Bernard Arnault. The French tycoon behind a luxury goods powerhouse, LVMH. Travel came roaring back in 2022, but the world's airlines just don't have enough planes. We get more from Bloomberg's Shirley pellet. With carriers from united to Air India placing or looking to place jet orders a number in the hundreds, Boeing and Airbus are crowing about blockbuster deals, but supply chain constraints mean those planes won't be delivered until possibly years down the road. Jeffries is estimating there's an order backlog of 12,720 aircraft currently. That means that sky high airfares the people have complained bitterly about over the past few months are here to stay. Charlie palette. Bloomberg radio. What's ahead after a turbulent 2022 for the markets? The fed keeps up the inflation fight, says James camp, managing director of strategic income with eagle asset management. I think the markets have finally gotten the point that the fed is not the fed of yesteryear that inflation is real, that its job one, two, and three of the fed and they are doggedly determined to get the inflation data under control. So this is a reckoning. This is regime shipped. And we're living in. Sherlock Holmes is finally free to the American public in 2023. The long
"southwest airlines" Discussed on Bloomberg Radio New York
"For not only our international tourists, but also domestic tourists. His remarks came at a safety briefing ahead of New Year's Eve in Times Square, where he addressed tourists. One thing, spend money, spend a lot of money. That's what we asked when you're here. He says agencies are working to ensure the area of tracks the amount of tourism it deserves. A man from Simi Valley, California, drove 1100 miles to Denver to pick up his daughter after she was left stranded by Southwest Airlines, Daniel martindale reports. The man's daughter had been stuck in Denver since Christmas Eve, her flight had been delayed or canceled for two days, then rebooked to New Year's Eve, the father and his wife got tired of waiting and drove 15 hours, which included enduring a winter storm in Colorado, then they took the 1100 mile trip right back to see me valley. Officials in New York City are getting Times Square ready for the New Year's Eve ball drop. This is the first time since the start of the pandemic that Times Square can be packed to full capacity on New Year's Eve. On Friday officials tested the crystal ball that will be lowered onto Times Square as the clock strikes midnight and ushers in the start of 2023. American girl is making history with its 2023 girl of the year doll. For the first time ever, a South Asian doll will hold the girl of the year title. Coffee Sharma is described as an Indian American from New Jersey who loves to sing, dance, and hang out with her friends. American girl said coffee's culturally relevant stories help inspire kids to shine bright in their own way and be proud of who they are. A journal included with a doll will detail more about her life while a book will be released later in 2023 that will go deeper into covey's backstory. I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Southwest Airlines is returning to a relatively normal flight schedule as the focus shifts to making things right with what could be well more than a million passengers who missed family connections or flights home during the holidays and many of whom are still missing their luggage. The Dallas carrier, which had canceled thousands of flights every day this past week after a winter storm last weekend, reported 43 cancellations early Friday. While that is still more than united American and delta combined, it marks a step forward after one of the most chaotic weeks in aviation history for a single ear length. Federal regulators have vowed a rigorous review of what happened at Southwest. Disgraced crypto founder Sam bankman freed plans to plead not guilty to fraud after being charged with orchestrating a year's long scam at FTX, the 30 year old is due to appear before federal court in Manhattan, January 3rd and is expected to enter pleas of not guilty to 8 offenses, including wire fraud, according to a person familiar with the case. A spokesperson for bankman freed declined to comment about the plea plans. Boeing shares posted their largest quarterly gain in 40 years, more from Bloomberg's Charlie pellet. It came after executives laid out a plan to turn around the company after four years of turmoil that have cemented Airbus lead as the world's biggest plane maker, Boeing shares soared 57% during the final three months of the year, according to data compiled by Bloomberg, adding $42 billion to its market value, Charlie palette, Bloomberg radio investors are saying good riddance to a turbulent 2022 which saw stocks tumble for the year. Tech stocks suffered some of the worst declines with the NASDAQ down 33.1% this year. Pockets of optimism exist for the new year, Ed yardeni is chief investment strategist at Jordan research. I think the banking system is in good shape, the consumers actually in good shape with. Obviously some concerns about some back credit quality issues in the auto market, for example, but all in all, wages are likely to rise faster than prices in 2023. And so I think the purchasing power is going to be there for consumers. As we all know, the labor market remains strong and likely remains so. Companies such as meta platforms and Tesla lost some two thirds of their value while losses at Amazon.com and Netflix neared or exceeded 50%. Bill Gates topped the chronicle of philanthropy's annual list of the ten largest charitable gifts announced by individuals or their foundations in 2022. This year's list totaled nearly $9.3 billion. Gates gave $5 billion to the Bill and Melinda Gates Foundation to foster the work in global health, development policy and advocacy and U.S. education. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This
Why the Release of Trump Tax Records Is Bad for Democrats
"Let's do this. Why don't we start with the Trump tax cuts and why I think this is a big mistake. But I want to do it a little differently, Chris because if they want to go this route, I want to say, hey, okay. Let's go, let's go tit for tat. 7 biggest Biden family business revelations of 2022. Why don't we start looking into the Biden crime family a little more? U.S. bank flagged over a 150 suspicious financial transactions from the Biden family. I mean, we can go on and on and on. Joe Biden met with Hunter Biden's business partner at The White House, voicemail proves Joe Biden spoke to Hunter Biden about the family business. Deputy DNI one hunter's laptop was not Russian, disinformation, CNN's Natasha, Bertrand, wrote now discredited story anyway. This has had to breitbart, by the way, White House debating, how to combat probes in the hunter. Hunters drag drug abuse reportedly delaying charges and tax gun related probe. Last thing, legal experts estimate Hunter Biden's legal defense cost a hundred grand. Was this a mistake, Chris, to go after Trump's taxes? I think so, absolutely. Because you mentioned the tit for tat. What this does is it sets a precedent that basically any elected officials taxes could be released and presumably even in any American citizens tax forms can be released to the public. Bad move, Donald Trump said, you know, be careful what you wish for. Sometimes you get it and sometimes you're going to result getting it because that can be used back against the Democrats as well.
Chaos at Southwest Airlines Defies Pete Buttigieg's Stern Words
"In July, Southwest Airlines had delayed 29 29% of its flights. 29% of its flights, so they were having troubles then, and I'm not trying to knock Southwest Airlines. I obviously they have to get their stuff together. Obviously, they're going to be held accountable. I like flying southwest when I do flights, rare, but when I do fly, I like flying southwest, I'll admit. I love their, I love the comedy. You know, I just love that. They make you feel comfortable. They treat you relatively good. But unfortunately, they've they're going to suffer a big ding. There's no doubt about it. But Buttigieg, he knew about this stuff. All along. See, here's what I can't stand about government officials. And it's not just government officials. It's big government. You should look at government this way. Government can't government can't do things better than you can. They don't know you. A lot of these people like the Pete booties of the world don't even understand business. Big government is never a good thing. So here this guy is trying to pass the buck, trying to pass a book and all along, he's been warned about this. 38 state attorneys told Congress that the DOT had failed to address issues months ago. The federal agency now vows to investigate the holiday travel chaos, but who's investigating Pete booty?
Blue Crime Wave Crashes Over Philadelphia
"A blue crime wave has hit Philadelphia surpassing 500 murders once again. I really do feel sorry for these people. There are a lot of good people that live in cities like Philadelphia, a lot of bad people too, but more good people, but unfortunately they fall prey to a lot of the bad people. A lot of the criminals had tipped just the news. I forgot, man, thank you, Philadelphia, has again failed to stop murders in the city as it repeats a homicide toll that surpasses 500 deaths. While murders are down compared to a year ago, the level of violence dwarfs recent years when as few as 277 murders happened in 2016. As of December 28th, 514 people have been the victims of homicide in Philadelphia. That number is down 7% from 2021, a record 562 people died, but higher than the 499 deaths in 2020 and 356 in 2019.
Judge Rules Illinois' Elimination of Cash Bail Unconstitutional
"A judge rules that the judge rules Illinois elimination of cash bail is unconstitutional. And I think this is very important, obviously. Here's the deal. A lot of people out there are suffering from crime, we have no idea about a lot of people in these blue cities. Democrats want to be safe to liberals do anyway. It is the leftist that are wreaking havoc on these blue cities. Democrats, if you happen to be in a blue city, I hope that you will start voting differently and recognize that voting for Democrats today, especially these leftists or these progressives are very, very dangerous. So this was from town hall hat tip forgot man cashless bail has ravaged Law & Order and states obviously like New York. Now, Illinois has taken a stance. So they are, they were set to implement a system, the no cash bail system, as of January 1, but on Wednesday, however, just days before the provision of the safety act, it's called was set to take effect a judge ruled that the cashless bail portion was unconstitutional. Thank God. The ruling came from the 21st circuit court judge, a judge by the name of Thomas conning connington as a report from NBC Chicago highlighted and I quote cunnington's ruling held that the safety act violated the separation of powers clause, the victim rights act and unconstitutionally amended article one section 9 of the state's constitution, which codified cash bail in the state. So cunnington root that since cash Bill is specifically mentioned in the state constitution, it would be needed to put before voters thank God and would therefore require an amendment to remove it.
Caller: Pete Buttigieg Is Wrong About Criticizing Airlines
"Yes there have been hate I want to go back to what secretary of transportation Pete Buttigieg criticized the airlines for doing In regards to their scheduling that he gave them no consideration for the safety concerns for the passengers that they have to attend to I think that's completely thoughtless and as part of the learn and I wanted to say if you are sitting in an airport because your flights delayed it's because somebody is concerned about your life Here's what I would say too There are a lot of pilots right That and I've in the process of getting my pilot's license What I've learned is you don't want to push the limit and try to fly just to check a box and move on That's like the worst thing you can possibly do is to treat a flight that way And just like oh yeah but you know push it push it we gotta go we gotta go These pilots and crew members their delayed as well They would love to be home They would love to get home They would love to be able to be sleeping in their own bed And if mayor Pete is the transportation secretary keeps up doing what he's doing today which is threatening the airlines the way he's threatening southwest They're going to start pushing those limits because they're afraid the federal government's going to come down them too hard Now I'm not sure anymore that they're really worried about that I think a lot of this is semantics from mayor Pete I think a lot of this is the Biden administration I know there's a bunch of people hacked off travelers out there And this is an easy way to jump on this bandwagon of these screws Southwest Airlines in the evil CEO over at southwest and we're going to hold them accountable They're not Right They're not going to And it's an easy way for them to be like yeah we're on your team We understand we fill your pain That's what this is politics to fill your pain part of it
"southwest airlines" Discussed on Bloomberg Radio New York
"Boeing shares managed to post their largest quarterly gain in 40 years. After executives laid out a plan to turn around the company after four years of turmoil that have cemented Airbus lead as the world's biggest plane maker, Boeing shares a sword 57% during the final three months of the year, adding $42 billion to its market value, according to data compiled by Bloomberg. U.S. labor board prosecutors have concluded that Starbucks illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year, Starbucks denied any wrongdoing. Southwest Airlines says it is sparing nothing in an operations review after that Christmas time meltdown stranded tens of thousands of passengers, but that is not likely to include junking its network or losing its top executive. Southwest airline shares today did advance by about 9 tenths of 1% along with other airlines, American, for example, up two tenths of 1% delta up four tenths of 1%, JetBlue up 5 tenths of 1%, but a down day for united falling 6 tenths of 1%. Tesla is expected to announce record quarterly deliveries in early January, the stock up today by 1.2%, but for all of 2022, Tesla managed to fall by 65%. And those are some of our top companies stories. I'm Charlie pellet. This is Bloomberg. This is Bloomberg sound on on Bloomberg radio. Bloomberg sound on brought to you by innovation
Is Southwest Airlines Conservative?
"I have flown southwest before And I always have a hunch that the flight attendants and the pilots are conservative I don't know why I just always I get the vibe I get the vibe And it was Texas based company I believe mister Keller was a conservative He seemed that way I could be wrong I don't know You know I always want to think that people are conservative if they got their act together But I think herb Kelleher was a conservative It sure seemed like it He loved America That's for sure The former CEO of Southwest the founder of Southwest cofounder who passed away several years ago In 2019 and For Southwest I think is indicative of a lot of problems with major corporations When a new generation of CEOs take over We can see it with Disney by the way
"southwest airlines" Discussed on Bloomberg Radio New York
"Right, you're right. What can I say? What do you do? What was the guy? Thank you. Thank you for having me what you guys are talking about. That's right. All right. Can we talk to you? So Tesla, the number one gainer in the NASDAQ 100, the number two gainer in the S&P 500 today, up more than 8% in today's session. Yeah. Pretty amazing. It's at a two day bounce. So investors, as you talk about remain, some of the investors coming in. I mean, at some point, Kathy, would we know has been buying in a big way? I do wonder at some point if you believe fundamentally still in this story. Do you say, man, this stock is on sale in a big way? Well, obviously, yeah, I mean, look, I mean, we've talked a lot about the big shake out that we had earlier. You and I, but on Bloomberg television. And I don't talk off air. Right, and this idea, no, never. But the idea here, though, that there are obviously a lot of Tesla Facebook and not just faithful to test really faithful in that growth story about EVs about batteries. And if you believed in that growth story a year ago, why wouldn't you believe it now? Because now you have Ford with the F one 50 lightning, you have the Ford Mustang, Mach-E that's able to be shipped now. You have Volkswagen working a lot of competition. I think that's the big story now. And maybe people are thinking about it. Less of an energy company. You know what pains me to give any compliment to Elon Musk. But I do think that one distinction and it's something that I think Adam Jones a lot of folks bring up is really the battery technology and some of the software gains that we made there that are really the differentiator between that and the F one 50 between that and G on his vehicles as well. Let me just say something about electric vehicles. Yes, more competitions coming up, but we had a Bloomberg story earlier in the year that talked about the tipping point when it comes to EVs and once 5% of new car sales go fully electric and they did some analysis of 19 countries. Yeah. You know, we've seen a lot of countries do that EV pivot. So that even if there's more competition for Elon Musk, there's still going to be more people increasingly buying more to cover. But did you see, I think it was earlier this week or maybe last week when the head of Toyota came out. And people with that specifically why they're so behind. And he writes, he kind of made the point here. They're more interested in hybrids. They're more interested in hydrogen, and he made the point that the future of alternative fuel vehicles, non combustion vehicles, actually isn't going to be electric. And a big part of the reason is he said his sourcing the materials. Look, he said. Your line got out there out in front of people. That's why he's able to do a lot of these things with the lithium, the cobalt and things like that. But Toyota sees a writing on the wall. They can't get that at scale. And maybe they have to find another energy. He sounds like a point. Might as well buy a car until it's hydrogen or hydrocele. No, it's not. Yeah, I mean, he thinks that makes much more sense in terms of the environment. I mean, there's a lot of things that was right. Don't tell him he's right. I'm just going to hear forever and ever. All right. You will always write. Southwest Airlines also up almost 4%, man. We've been talking about this all week. We know we know the story. You know this story, but nonetheless investors coming in. And it looks like Southwest has finally coming out and saying that we think we're going to have some normal flying schedules tomorrow. So that should be a good thing. Cross our fingers for everybody trying to get somewhere. Netflix, this was also top among the major averages, former bear turning to a bull. I always love this. Ken Leon coming in from CFR a upgrading raised to buy from self talk about a swing though. It's not like getting lukewarm about it. He talks about their best in class platform. I mean, price target raised from three ten, raised two, three, ten from two 25. Would the stock close at? Two 91, so a little bit of room for a movement. And then China names. I continue to watch them. I'm going to watch them. I'm going to talk about them a lot in 2023. This index has been on a tear from late October up another 2.7% today. All right. Tim, do you have any decline? I do. Yeah, I should have some decliners. Traditional names that have actually done pretty well this year, including those names like Campbell's soup and Cardinal Health, getting a little bit of selling today, down 6 tenths of 1% on Campbell's soup. Actually at a 52 week high yesterday, shares up 30% so far this year. Cardinal Health shares up 50% this year down 1% today. This is, I think, one of the most interesting decliners of the day. It's calming foods, the biggest maker of shelled eggs here in the United States, biggest seller of shelled eggs here in the U.S. down 14.5% its worst day since 2008. The company reported earnings yesterday. Said that they missed expectations analysts essentially said that because feed cost inflation could be hitting the bottom line and also a surge in egg prices could have peaked. So we could start to see those egg prices come down, not good for the company's bottom line. That thanks to a lack of late. Yeah, micro strategy down 1%. I had to throw that one in there. All right, well that's the read here on some of the individual movers on the day. The broader equity markets as well. We should point out the activity in the debt markets as relatively subdued. He did see some buying here with yields pushing down by about two to 5 basis points. Interesting that once again we're seeing the bond and stock market kind of correlate and that's going to be a big that was a big part of the story early in the year before that finally splitting a lot of people think that could be a big part of the story going forward. Let's keep this conversation going and bring in Michael Kelly. He's standing by right now. He's a global head of multi asset over a pine
"southwest airlines" Discussed on Bloomberg Radio New York
"Kayleigh Matt Southwest Airlines has canceled 2300 flight scheduled for today. As it continues to try and dig itself out of the chaos, it's been operating in since Christmas thousands remain stranded across the country, in Houston, airline customers arrived at hobby airport after a long bus ride from Laguardia airport in New York City. My feet are swollen. I'm upset. I'm stressed. I'm tired. While other airlines have recovered from last week's massive storms southwest issues have lingered experts say that's because the airline uses a point to point operating system, which makes it vulnerable to major disruptions compared to other carriers routing flights through key hubs. Effective January 5th, the U.S. will reinstate mandatory COVID-19 testing for airline travelers arriving from China where COVID cases are rising. Doctor Locke Patel. This is an unfortunate but necessary step, given the fact that we don't really know how much COVID there is in China. And we don't know the full spectrum of what variants there are. Doctor Patel spoke to ABC, Italy, Japan, Taiwan, and India will also require tests. Benjamin Netanyahu is set to return to office and in Israel as prime minister. The new government will be sworn in today. As the next Congress is set to begin in a matter of days and effort by the house January 6th committee to have former president Trump cooperate with its probe has ended, now with Republicans had to take over the house, the committee has withdrawn that subpoena. Kansas governor Laura Kelly has become one of the first democratic governors to ban the use of TikTok on state issued devices. Republican governors and the least 15 states have imposed such restrictions on the social
"southwest airlines" Discussed on Bloomberg Radio New York
"United States is going to demand a negative COVID test for travelers from China as of January 5th, U.S., U.S. also says a lack of transparency with getting any information from Beijing. Milan sees two arriving China flights with more than half of the passengers testing positive. Italy planning COVID restrictions on China travelers and asking the EU to do the same. UK prime minister bracing for what he calls massive disruption as worker strikes grow. He says they must stop the United States as reporting out an increase in COVID positive hospital patients day to day. Southwest Airlines continues to have major problems, has canceled already for tomorrow more than 50% of its flights and private investors hammered by the FDX debacle are demanding they be paid back before any corporate money if any are handed back. In San Francisco, I'm at Baxter, this is Bloomberg. All right, guys. All right, thanks very much. Had 24 minutes past the hour, has Linda amen and me, Brian Curtis. And this is Bloomberg daybreak Asia, our next guest is Jin Shan Hong, Bloomberg, Asia consumer, and healthcare reporter. We wanted to talk a little bit more about Hong Kong and China. More or less scrapping essentially most of their COVID curbs, Jin Shan, thanks very much for being with us. So we just saw this note from Citigroup saying that a lot of the China border reopening news is only really neutral now for airline and airport stocks and part of the reason for that is that a lot of this is discounted. So are we thinking that this will have a huge impact or that it will be incremental in nature. I think according to a lot of information that we're seeing about flight, it's quite interesting that airlines are taking quite a cautious approach even though there's a huge booming demand from China to get out of the country after being locked down inside the borders for three years. So what we see is that schedule flies from China from January to March, is only up below 3% in terms of weak and weak changes, according to data from Syria. And that's quite interesting compared to what we would have thought now that a lot of travelers wanted to have the chance of leaving the country. And then on the other hand, we are also seeing a lot of flight demand to go across from Hong Kong to China to enter the border right before the lunar new year. So that side we see travel search demand go up like 500% and that's also like a lot of discussions about how China will put a quota at the very initial stage. So it seems like they are still a lot of uncertainties when the two sides in terms of that Hong Kong ML and China are just freshly opening up. Well, the thing is jinjian, I mean, even as China is reopening in scrapping all this restrictions, the rest of the world are putting in vaccination checks, testing for travelers, you got to wonder how that will impact demand and interest in traveling. Actually, for from the travelers in China side, maybe those requirements wouldn't be so strange because there have been tested again and again for such a long time and actually what other countries put in place in terms of having a test before you travel is the same of what China will impose on foreign travelers coming into China because they will also need 48 hour testing requirement before departing for their flight. So it seems that that will be a new normal in terms of the first opening stage for China and in terms of Hong Kong is quite a different because Hong Kong used to be able to connect with everywhere everywhere else in the world other than men in China. But now with this huge outbreak, the new imposed rules is also going to affect how Hong Kong travelers will be able to access the rest of the world. For example, like Japan. I'm not curious at all about whether or not Chinese people would travel once they are given freedom. But what I am curious about is because of the negative news flow on this for such a long period of time. Will foreigners come to China? Yeah, that's a really good question, but we also know there's a lot of panda demand for business travelers to at least go to see their factories to visit their clients. That will happen a lot from the clients and a lot of factory a company owners in Hong Kong, at least to visit the other side of the border. But in terms of the rest of the world, I think people will still take away and see approach to see how China's latest outbreak is going to go because right now is really the biggest outbreak the world has seen like ever since the beginning of COVID. One of the things I guess that's really important to investors is Hong Kong's border with the mainland. I mean, we're getting reports that that will reopen on January 10th at the earliest with priority for travel, given to those of business and family needs. What else do we know? Quickly, Jim Sean. Oh, yeah. So that's a lot of news coming out from local media, the government is still working with the central government in Beijing to decide the quota. So it could be like at the beginning, you will be limited to 30,000 per day, and that will still be quite some hustle because you need to fight for that ticket. Thanks very much. Excellent information as usual, Jin Shan Hong, Bloomberg, Asia, consumer, and healthcare report of the time now 28 minutes past the hour
"southwest airlines" Discussed on Bloomberg Radio New York
"Where you need to go, or you're one of our heroic employees caught up in a massive effort to stabilize the airline. To know is that we're doing everything. We can to return to a normal operation. And please also hear that I'm truly sorry. Well, there he is, the CEO of Southwest Airlines commenting in a video a public video yesterday, Southwest has already scrapped 60% of its flights today. It's expecting to do the same tomorrow. Here's what cowan analysts to lean Becker had to say about the airline issues. Everybody else is pretty much within what I would call their normal course of doing business. The cancellations are relatively low, southwest accounted for more than 80% of all cancels yesterday. And for them, they're just, they're just behind the curve here. And they probably won't get caught up until the weekend at the earliest. Well, and we have seen modeling from analysts over at city that talks about a three to 5% earnings hit for the fourth quarter, but I'm wondering what kind of signal this is on the longer term operational health of Southwest. Beyond just what is ongoing currently. If something like this could happen at this scale for this long, does that just mean they are ill equipped to handle weather events like this? I mean, what went wrong here that could go wrong again? Yeah, they had a confluence of a lot of events. So you had the weather and it moved across country, hitting Denver and Chicago, particularly hard. United is in both of those locations didn't get hit quite as hard, but still impacted. For Southwest though, I think at midway there was a lack of de icing fluid, then they had an issue in San Diego with fog. They had ice in Dallas. So everywhere they were, they had weather. And the worst of it is their systems are just not equipped to handle it. Historically, southwest underinvested in IT in technology and this is has come back in the past to hurt them. They were investing aggressively this year. That was one of the catalysts we thought for the shares. Later this year is the new scheduling system for employees was coming up. But one of the issues we saw yesterday was an aircraft with a bunch of flight attendants dead heading to a city. But the crew working the plane was short a flight attendant, and according to the pilot on board, any one of those other flight attendants offered to work. The flight that they couldn't get through to scheduling to say, hey, we're here. We'll take it. And so southwest canceled the flight. They're doing what should be automated by hand. When you have 6000 flights a day and you probably shouldn't, you should probably have two thirds of that. It's not that I don't have enough people. It's that they don't know where their people are. Hello and Becker there over at cowan and making a very present comment there about not knowing where other people are as Southwest still tries to dig out from all of the issues and we did hear a little bit earlier from the CEO of Southwest in a video and then we're learning that there was a statement to employees where he did say that he is accountable and he's doing everything in his power to make things right as they try to recover from this. I want to bring Madison mills into the conversation right now our special correspondent with everything airlines right now and there's a great story on the terminal today talking about their IT issues. Helane Becker I think kind of hit on a topic though here. And we also have some quotes from people in that story from some of the unions. Why don't you say this is actually not so much about IT specifically that there are broader issues with that point to point system that this company is straight away from that might have been more the cause of what happened over the last few days. It's an excellent point Roman. I'm so glad you bring this up because decades ago, all the other airlines seem to get on board with this hub and spoke system that you've all heard about as we've covered this story. JetBlue, for example, has these big hubs in an area like San Francisco and their planes go out from that hub to various cities across the U.S.. Southwest operates on a point to point system. So your plane could be coming from any random city across the country. They call it the Greyhound of the sky for that reason because it just hits so many cities throughout the U.S., which can really help keep costs down, but it's a disaster in some cases, particularly when you have extreme weather events and other factors that you can't anticipate and bake into your procedure. We talk about, I mean, the big headline today was Jordan apologized. The CEO apologizing. I actually went back and there was a great headline on the Bloomberg terminal about a year ago. Southwest CEO apologizes for breakdown. There was a one about a year before that year before that. Of course, Jordan was a CEO then. This is the previous CEOs. But I guess my point is, this has been a recurring issue. Maybe not frequent, but it's certainly not something that's rare. Right, October 2021. We saw this exact same thing. We saw the Valentine's Day crash years before. I mean, this is a tried and true story for Southwest. And pilots, union leaders have been raising the alarm, particularly about the IT and the technology side for years. But this was supposed to be the fun airline. Remember, it was
"southwest airlines" Discussed on Bloomberg Radio New York
"Good morning to you and thank you, Tesla's tumble has accelerated with the stock falling 11% yesterday. It is now on the longest losing streak since 2018 and down some 70% in 2022, the latest punch follows a report of a plan to temporarily hold production at its China factory. Now this has rekindled fears about demand risks, Tesla has now fallen out of the top ten most valuable companies on the S&P 500. For FTX customers have sued in bankruptcy court in the hopes of being the first in line to recover some of the billions lost in the meltdown of Sam bankman freed's digital asset empire. They have amongst a judge to rule that they are holdings belonged to them rather than to FTX. Meanwhile, separate court papers show that bankman fried and former FTX executive Gary Wang borrowed over half a $1 billion from Alameda research to buy an almost 8% stake in Robin Hood markets. And Southwest Airlines canceled almost two thirds of its flights yesterday, still hobbled by the mass of winter storm that has blanketed much of the U.S. in a very deep freeze. Southwest plains to operate only about one third of its schedules for the next several days, city analysts do estimate that the disruptions could shave up to 5% from the airline's fourth quarter earnings. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in 120 countries and the Ann gorans, this is Bloomberg, Stephen. Yeah, and thanks very much. We're going to get a Bloomberg business flash for you now. And at 20 past 8 this morning, let's check in on where we are moving on markets. The stock 600 is four tenths of 1% higher this morning the FTSE 100 outperforming though up by 1% in trading the cat car on
"southwest airlines" Discussed on Bloomberg Radio New York
"And Tuesday I'm Chris coraggio An operation is underway in Europe to protect Ukraine's artwork during the war with Russia Brad Siegel has more Venice civic museums foundation is set to send special fabric to cover the sum 65,000 paintings and 2000 sculptures stored away at lviv's National Gallery and other museums throughout Ukraine The fabric will protect the prized works for most solvents and gases and also help prevent mold and fungus while the pieces are being stored also being sent or polyethylene foam shock resistant panels Venice museum's experts also gave advice in a video call with the lviv galleries management about how to best store the art I'm Brad A planned system outage at Southwest Airlines is affecting flights in the Houston area the airline said in a statement that the outage was due to technical issues following overnight maintenance it mainly affected flights departing early Saturday morning passengers reported delays throughout the country including in Houston's bush and hobby airports the airline reported that the issues were resolved earlier today but passengers said to depart on later flights may experience further delays Los Angeles County's gas prices are under the $6 mark for the first time since march 21st the automobile club of Southern California says local drivers are currently paying an average of $5 and 99 cents for a gallon of self serve regular gasoline that's 7 cents less than last week's average but a dollar 7 higher than last month's price of the pump It's also an increase of $2 5 cents over last year's average LA county's gas prices have fallen 7 cents the last 7 days following a 32 day streak of increases totaling a dollar 28 The mega millions jackpot is getting bigger a lottery officials say there were no tickets sold with all 6 numbers in last night's drawing That means Tuesday's jackpot will be worth $81 million Friday's numbers were 26 42 47 48 63 and the mega number was 21 the odds of matching all 6 numbers in the multi state lottery game are one in nearly 303 million As for tonight's Powerball drawing that's worth 222 million I'm Chris And I'm susannah Palmer in the Bloomberg newsroom New York State outlined its second COVID booster eligibility guidance today This just days after the 5 boroughs started.
"southwest airlines" Discussed on Bloomberg Radio New York
"In assistance to Ukraine during the Russian invasion I'm Lisa Taylor former vice presidential candidate and former governor of Alaska Sarah Palin is jumping back into the political arena Brad Siegel has more The New York Times reports the former Alaska governor announced she's running for Alaska's loan congressional seat She's up against nearly 40 other candidates all looking to fill the seat left by representative Don young who unexpectedly died last month Palin said she wants to honor young's legacy while blaming the left for high gas prices inflation and illegal immigration The Republican says the far left is destroying the country so she has to step up and join the fight A planned system outage at Southwest Airlines is affecting flights in the Houston area The airline said in a statement that the outage was due to technical issues following overnight maintenance It mainly affected flights departing early Saturday morning passengers reported delays throughout the country including at Houston's bush and hobby airports The airline reported that the issues were resolved early today but passengers set to depart on later flights may experience further delays The 64th Grammy Awards are tomorrow night and the show will open with a live performance by silk sonic nominated for four awards Other performers will include BTS Billie Eilish and Chris Stapleton I'm Julie Ryan The CDC will lift COVID border restrictions in late May the title 42 health order has allowed the U.S. to expel nearly 2 million migrants since the pandemic began Human rights groups have called it a blanket deportation policy that deprives migrants of the right to seek asylum in the U.S. Democrats and Republicans have warned that lifting title 42 could prompt another border surge that could be especially bad news for Democrats heading into November's midterm elections Will Smith is resigning from the Academy of Motion Picture Arts and Sciences Has more His decision comes after the academy began looking into possible disciplinary action against the actor following Sunday's Oscars Smith slapped comedian Chris Rock after rock made a joke about smith's wife Smith said he will accept any additional punishment from the academy's board of governors He added quote the list of those I have heard is long and includes Chris his family many of my dear friends and loved ones all of those in attendance and global audiences at home San Diego counties help save 60,000 lives with his annual blood and marrow drive Lucinda K reports For 38 years now the San Diego.
Is America Heading for Civil War?
"So the question is, are we heading towards a Civil War? Dennis has been prolific on this and prophetic because he said it earlier out loud. We're already living through. And it's just a matter of time before I think we really kind of it catches up to the what is going to happen is going to catch up with our living through, which is when I go to San Francisco, I have nothing in common with the people there. And it's mutual, by the way. Sarah Silverman who calls herself the comedian came out and she said, why are we living in the country with these unvaccinated people? I don't want to live in a country. Why don't they have their own country, and we have our own country. And exactly, and what I just heard from so many people, people just said, yeah, let's do it. And right. And so I just want you to kind of just absorb what has happened in the room here. You have a bunch of people who love this flag. That flag's not going to be around if those of you that just clapped, get what you want. I'm being serious. You just clapped for secession. And so that's a serious thing. That this room's enthusiastic about separating. We're already there, folks. This idea of like, oh, we're divided like you got one side that's demanding the severance and the other side that can't wait for it. And so and you're already seeing it through kind of the slow motion secession that's happening on Southwest Airlines or American Airlines of people that move to other states because they feel they don't represent them. And so who knows how this is going to end up? It could end up in physical confrontation. I think the regime is trying to provoke physical confrontation. I think they want us to get physical, which is why at every event on that and anyone asks me would literally someone ask me rather bluntly and suspiciously bluntly, when do we get the guns? I denounced him, and I said, that's exactly what the power grabbers want you to do. That will give them the Patriot Act two to be able to really seize control over you right now. It's that what they don't want you to do is keep on showing up to school board meetings and be patient and have self control and take back power through peaceful means. That's what they're really
Southwest Airlines Launches Investigation Into Pilot Saying 'Let's Go Brandon'
"So they have this Southwest Airlines pilot You've probably heard of this guy right Who said let's go Brandon before he took off He kind of muttered under his breath And they wanted to do an investigation on the guy Southwest promised to get to the bottom of this They said we will not allow political statements political statements What if the guy had a friend named Brandon I mean is that certainly a possibility Is it not He might just know someone named Brandon It might just want to be saying let's go Brandon But beyond that too beyond even wanting the investigation into the Southwest Airlines pilot for saying that they also said this now They said this was osha ranga on a Twitter who said as an experiment I'd love for a Southwest air pilot to say long live ISIS before taking off My guess is that the plane will be immediately grounded The pilot fired at a statement issued by the airline within a matter of hours See now if you can't figure out the difference between let's go ISIS and let's go Brandon I don't know what to tell you but you're clearly a leftist I mean there's no other way around it You're just clearly a
Juliette Kayyem Triggered Over Southwest Airlines Pilot Saying 'Let's Go Brandon'
"Juliet cam who's a Harvard professor said that passengers on that flight should file complaints with the federal aviation administration because their ears had to hear something they don't like This Harvard person said if Southwest air doesn't do anything every passenger on that flight has standing to file a complaint with the FAA and they should do so Southwest will then be compelled to investigate or defend the pilot Have fun with that No messing around in the air bright line rule
William Shatner Finally Went To Space
"I've got big breaking news with all hell breaking loose the country going down the tubes, crime, illegals, COVID vaccine mandates, people getting fired, Southwest Airlines. We can all breathe a sigh of relief. Captain Kirk made it to space and came back down alive. All is well with captain Kirk. William Shatner, 90 year old William Shatner. Made it into space. The second, space launch, the Bezos and all these guys do. Here's Fox News's description of the touchdown. What a day for our astronauts. So now our team is preparing landing safety operations and recovery of our astronauts from the crew capsule, will be on the ground at the landing site to follow the action in just a bit. Maybe even talk to the world's newest astronauts. So I'm absolutely breath taking stuff. And I'll note that you're going to see our recovery team show up very shortly because we actually send them out before the capsule has landed. Because through our modeling, we get by now, we're very, very good at analyzing where the capsule is going to come down that way. Exactly. Where the winds are. And so we're going to see the recovery team come out there. And of course, we will also be joined by some of their friends and family to watch as they emerge from the caps. So let's check out these beautiful shots of our four astronauts there in the Texas desert after having gone up over the karman line and back. They're up over the karman line. You couldn't pay me enough to go up over the Carmen line and back. William Shatner's 90 years old God
"southwest airlines" Discussed on The Drill Down
"Doing things that the way they're done for ten years twenty years so you evangelize you educate and then you get to a certain level mass today. Thirty five percent off fortune. Five hundred companies use skater. So then those ceos and cis talking to the appears they talk. A holiday have actually embraced cedar trust disease and they talk about how the risk posture has gone better. They use it. Expedience has gotten better and the cost has gone down so all that is accelerating on grown so we are still growing atom atom above fifty five to sixty percent euro rear at a pretty large scale on business is approaching a billion dollars in annual raccoon revenues and for that we had to train our sales teams so we don't sell the way we used to security vendors used to sell to technical audience about feeds and speeds of these boxes aren't dialogue starts the cio cis as they want to do digital transformation. They won't go online. They want to embrace cloud we show them. How are security platform can help them get their security. So have you therefore had to change the sales process or veto move bodies from one place to another. Obviously you're hiring like crazy but have you had to reemphasize things a warrant. The huge emphasis before federal bringing comes to mind once again. We had to chain the sales process. Typical sales process of security is sold fell to technical people on feeds and speeds of the boxes bid to show host. Ceos can accelerate digital transformation security if they deployed application the cloud hawk can they access them securely in a faster fashion if they embrace microsoft teams or zooms. Can they have good experience. Because we allow these customers to go back over the internet pig the shortest pat reckon going back through the old school data center because the security mode was sitting in the data center. It's faster it's cheaper and it's more secure fascinating companies e scaler as you say growing by leaps and bounds to charter. We so appreciate your time today. Thanks for coming on the show on the drill on continues. We'll have the drill down by that one number. That tells us a whole lot. In this case about these taylor. We're going to talk about. How many licensed seats there are people who are actually have z. Sale scaler and are paying z. Scaler installed on their machines and any given moment the numbers big and getting bigger. We'll have that number when the drill down continues. The drill down is brought to you by era with era. give yourself an information advantage. Connect directly to earnings calls and other investor events with live transcription and event. Intelligence era a. e. r. a. Dot com and you can listen to the drill down. I said in english again. You can listen to the drill down every day. these are smart speaker. Just turn that smart speaker and say for example alexa. Play the drill down podcast panel here our latest show and let us know what companies you think. We should be drilling down on talk to us on twitter instagram by following. I drill down pod and connect with us directly at our website. biz dot net. Okay we are back with the drill down on that one number that tells us a whole lot. Well wow they have so many licensed seats at z. Scaler twenty six million more than twenty six million.
"southwest airlines" Discussed on The Drill Down
"To change. And it's good to see biden administration pushing for zito adoption to protect infrastructure and do protect her public right to that. I was going to save that for minute. But let's talk specifically what's coming out of the white house right now and how that's translating into orders. What are you seeing. we have had some Kind of i. i'm gonna call it pretty clear. Guidance like we don't usually see from washington clear guidance about what companies should do a private companies should be doing. Publicly traded. Companies should be doing about cybersecurity. Employing zero trust is that turning into orders and indeed azad turning disease killer orders with the federal government. What's up. What are you see on the ground right now. Let's separate two things. Plus let's talk nationals security security of the country then talk with the hold so fussell fall by raising visibility using the megaphone of the president the awareness across all companies that we must improve cybersecurity has gone up every cio every see iso and the boards on asking for how do we secured on companies do be secured on enterprises. I think that's goodness that's everything stocked. Then it comes to securing the federal government. It is true that every agency is looking for better ways to secure their agencies. Z's killer got it's close security platform certified on what's known as fat gram certification. You must have certification before you can talk. Got that you're gonna large sales team serving a federal government. We got tons of activities. Yes we are. We are doing business with federal goldman. You're seeing more opportunities. Though everything in federal takes longer it is actually awarding into real business. It you'll see a lot more often in the next ronnie six to twelve months. So is it stuff that's gonna show up in because it has been now good six months since we first heard this from the by administration no are those. It would seem like that's kind of the timeframe wouldn't if it's going to be immediate action. Immediate for the government might mean nine months. Yes it's big need to happen this tangible activities but as it or two for more tangible engagements than and projects to get started but it looks promising. A glad to hear that. But how does that look different like what happens. What's happening now. That wasn't happening two years ago when there's a big hack making headlines and the federal government of the white house was saying we shouldn't have these things we need to have more security. What what's tangibly different than you're seeing on your end right now. I think foster full concerted effort at the federal government. There's a security office. All these agencies are actually taking action taking steps to the next level so they are products. Been putting ways. They're coming in talking to providers. Like austin say i need to implement zero. Trust here on my gaps. It has been projects need to be done. This guidance on zero tresco provided by involving nist missed is a standards body this hall. You should get our talks coming out of the federal government saying what kind of things should you do if you could hack short. You really announcing it. Should you keeping under the run. I think all those things have good actions that are taking place which are missing before interesting. There've been so many Headline grabbing hacks for longtime now. I always felt that the sony hack was one that affected companies differently. In this case it was just embarrassing. Because you had executives who saw their private emails amount in the world and the indeed costinha sony executive job and had a big repercussions beyond that i feel like and i really mean it from feeling sandpoint that the colonial pipeline hack was just different. It was a different order of magnitude of you know it wasn't the biggest business in the world that wasn't the most impactful infrastructure in low in in the nation but it felt different to companies. I wonder if you're seeing from your standpoint that that hack in particular was one where companies changed their behavior toward cyber security providers. Such as yourself. Coney us started sony. Yes years ago. Then todd it was one of the biggest ones and then right in the past fifteen months solar winds actually shook everyone solar of infosys spy. Janet hack sola winston g. I am using the same software which is compromising. I could be compromised. So that was probably. The highest impact and after that colonial pipeline was big because it directly ties the infrastructure of the country. Where you could say. Gee i mean i could be impacted. So i would say in the past. Fifteen to eighteen months combinations. Colonial pipeline hand solar. Vince made the biggest impact and people are the dialogue has changed the board. Discussions have changed in the past six months. I've been asked who. Common present to several bulbs said on redoing the writing. Should we be doing the right thing. So this level of awareness at the board level. I have not seen the full. It's interesting to in the sort of We have a drinking came in the show i will. I'll say the word so you don't have to drink. But the digital transformation that so many companies talk about almost become a cliche. Whatever that phrase has mentioned on our show but i will looking at the aspen technologies acquisition today and it was just another sign of this dramatic move of companies that exist almost solely in the physical world in in industrial Production who are really engaging in software and a digital transformation. Yes in ways that they never have. Before creating a whole new vector of of of cybersecurity risk absolute and the need to because everything is changing invades interesting. See some of these breakdown motor companies in the past eighteen months. A lot of their business shifted to online people buying online and they needed to change that. A lot of businesses are very pleased amid a change. But that also makes it easy. Bought bad guys to come in steel. On do bad things are so they. We all need to have better. Cyber protection and dad's rear z's could've comes in part of the the growth of z's gutters driven by the fact that digital transformation going on everything needs to be done online. Then there's a cyberattacks papas that. So that's an rebuilt the right architecture which is meant for this new wall rather than the old school vital than vpn's alike so wonderful that you were prepared for this and and have the notion before was as necessary as it is now. But i'm curious what you do to change your organization to take advantage of this opportunity specifically on the sale side. What what have you done to try to change the way. Your sales staff works changed the way staffed period to try to take advantage of the changing opportunity. You know the biggest thing i had to do in the past several years was fight off. Inertia i was often asked by investors. Who is your biggest competition. And they'll name all these legacy companies five all companies and like. I tell them that. Smell the competition. In our shi'as powerful people liked to keep on.
"southwest airlines" Discussed on The Drill Down
"Welcome to the drill down. We'll explain the business stories behind stocks in a move joining me. As always executive isaac webster. Isaac told me the three most important developments in the world of business today corey. Let's start with oil. The price of oil jumped above eighty bucks. Oil is now on track to outpace copper this year by the largest amount since two thousand two and has topping an index of raw materials by the biggest margin in more than a decade natural. Gas is in so far behind his climbing higher and outpacing other commodities as well why supply shortages. Yeah so you say outpace copper by the largest amount you mean. The increase in the price is greater than even copper. You got it amazing A new thing it as you mentioned natural gas. We're gonna talk about that a little bit later in the show. Yeah now let's move on to southwest airlines. I don't know about you but that was on the tip of a lot of people's tongues this weekend. Southwest airlines cancelling several hundred flights today. Monday and that's after cancelling over eighteen hundred flights over the weekend that's more than twenty eight percent of its overall flights. Over all the cancellations re tavak on travel plans as you can imagine. Southwest blamed the cancellations on several causes including problems with the weather air. Traffic control an inability to get flight crews and planes to where they needed to be. Yeah not dot. Maybe coincidentally but their union was protesting. A rule about a vaccine mandate for their employees just want to let employers decided not to go to work this week and they say it wasn't coordinated event but i flew this weekend and there were no problems on the other airlines and now let's move on amazon amazon. Once again changed its return to office plans. The company now expects that some corporate employees will work remotely for the foreseeable future amazon. Chief executive at andy jesse said in a memo to employees employees that corporate team directors will now decide if staff need to return to work of return to work in the office and just a few months ago amazon said it was delaying its corporate employees returning to the office until at least january third and earlier it had been targeting a return to a return to the office last month so moving target so no no target now disappearing. Target target is up to team directors. Corey woodstock's drilling down on today. Let's look at new fortress energy new fortress energy in f. e. shares rose almost two percent today but they fall in twenty eight percent in the year. Tell me about new fortress energy. Yeah the stocks actually been on a little bit of a run lately not so much today but in recent days Pretty interesting changes in this company. They looked back up both companies so they helped design massive ellen g facilities and mexican brazilian gas fired power plants in nicaragua all from headquarters based in new york city. Now the operating this quarter it had been looking like operating income was going to be bad revenues growing fantastically but it looked like because of high gas prices operating. You know the high gas prices. You were just mentioning that operating profits. Were just getting squeezed and the demand for new projects. Just wasn't there will. They came out and announced that in fact with k. filing just filed a couple of days ago that in fact the there's a meaningful increase in their outlook for q four and they're increasing their twenty twenty two goals for the entire year and then in fact high gas prices have been really good for them because they kind of operate at a margin where more projects means more prophets and bigger profits. They're operating profit goal. Would one hundred seventy million to three hundred seventy four million in the upcoming quarter and they doubled basically also into next year. They're saying they've got a margin goal of going from billion dollars to a billion one. What's next one hundred million dollars between friends. Well what's interesting about these guys is they say it's sort of an optionality that their industry provides for them that when things are good in that industry with prices. Prophets can be great here a ceo. Wesley edens when the market really moved dramatically. There's lots of different actions. You can take to try to increase your flexibility and move around you know volumes and you know deliveries and whatnot and relatively small movements across the portfolio results in a handful of of cargo moos. They may not sound like a very big time. But then when you get these kind of price movements results in a big big earnings and so the real question i think Remind my answering. The question have is. How likely is it. In the future that there's going to be future shocks in the system and this underinvestment hydrocarbon production. Which i think is actually very systemic issue is one that is going to be persistent and that puts the world on kind of a nice edge and the commodity cycle. And so you're going to get these hundred year floods happening. I believe you know with a much more frequently than every hundred years so interesting. You've got this big discussion about how much natural gas pump when prices are high. Has there been enough. Investment hasn't been too much investment from these guys perspective. There's an underinvestment. And that's going to mean greater price volatility and. That's good for them. Cory what is your next drill down. Took an aspen technology. Aspen technology trades under as e. p. n. shares rose twelve percent today and there is an eighteen percent a year. What's going on with aspen technology. You know the business emerson electric based in saint louis. You're very tunnel. You're actually yeah so these guys have been going into some really interesting acquisitions of late in an includes now aspen technology or more the point. They're they're spinning off two of their emerson. Electric software businesses and paying eleven billion dollars to acquire aspen a form. One big industrials offer company. Which will be called aspen They're combining cy company. They acquire a year ago for about a little less than two billion dollars emerson geological simulation software and aspen. All under one roof. So you're gonna have this. Industrial software company focusing everything from analyzing the results from oil drilling wells to streamlining mining operations to coming up with new ways is really important new ways to make plastic. That don't require the use of natural gas so by spinning off all these businesses emerson's going to have a greater valuation on their software business but will continue to fifty five percent which protects them from a taxable gain on the spinoff but that's software valuations going to be greater than there slow growing industrial business like making pipe wrenches which emerson does and interestingly again. They're looking at the kind of new more modern ways to make things like plastic without having to use natural. Gas here is ceo The aspen ceo antonio peretti now now been technology is incredibly relevant. f- for the power industry and really for the global economy as a whole around electrification. You've probably heard of some of our customers in the chemical space talking about electrical ethylene crackers were basically. They're gonna us guys to fuel the conversion of national or natural gas into into plastics. They're gonna use electricity and we're going to be able to take those capabilities into our customer base and talk to them about optimizing their micro grid and their power sources so very different production process for this company and that's leading.
Southwest Airlines Canceled More Than 2,000 Weekend Citing Bad Weather
"Poor southwest airlines will. They had to cancel their flights because of weather conditions. Unfortunately nobody really experienced any wet weather conditions because there were none there was no weather. South west is why. There's this mystery over. Southwest canceling a third of their flights. I'm told that already today. More flight cancellations are coming. But it's a mystery. It's a mystery meltdown. Nobody understands it. Nobody gets this mystery meltdown. Well i get it. Stop telling people. They've got to take a vaccine. Are you kidding me. That people are having a hard time understanding the resistance. That americans are feeling to the vaccine mandates. Do you know what let's go brandon represents. Don't you tell us what to put in our body.
Airlines Say Rise in COVID-19 Cases Is Hurting Ticket Sales
"Leading airlines are warning that the spread of the delta variant of the corona virus is hurting their bookings American Airlines says a slowdown that started in August has continued into September United Airlines says it'll reduce its schedule later this year to match the lower demand delta CEO ed Bastian says the rising coded nineteen cases will not derail the travel we're covering but it will delay it by as much as four months he says the variant has particularly affected business and international travel which are both critical to the big airlines Southwest Airlines says leisure travel to his weekend with more cancellations and softer bookings for September and October I'm Rita folate
Southwest Trims Schedule in Effort to Solve Flight Problems
"A leading U. S. airline is cutting its flight schedule after problems with cancellations and delays Southwest Airlines says it's going to drop nearly thirty daily flights from its September schedule and more than one hundred sixty a day from October through the first week of November the airline has had problems over the summer it's blamed on storms but it appears to be related to short staffing and the pilots union said that would continue unless schedules were cut back this C. E. O. of southwest is apologizing to customers the airline says it's aggressively hiring but ticket sales are slowing and the nation wide surgeon cove it cases has led to more customer cancellations I'm Jackie Quinn
As COVID-19 Worsens, Petition Calls for ACL to Be Canceled
"Nicks canceled her HCL festival appearance due to the Covid 19 outbreak, a group called Cancel a CL has gotten over 100 signatures on a petition to cancel the music festival in Austin, and the petition reads in part due to Governor Abbott's laws against vaccine passports and mask mandates. It is no longer safe to have this event. Southwest Airlines is
Southwest, American, Delta Airlines Break With United, Won't Mandate Vaccine for Workers
"Looks like american delta and southwest airlines. Have all agreed. They will not require vaccinations to either work for the airlines or fly with them. So if you're not vaccinated i guess you'll still be able to fly on american xiao th west or delta. I don't think united is taking that path. I'm pretty sure. United is requiring vaccinations for its employees. I'm not sure about passengers.
"southwest airlines" Discussed on WTOP
"They've been helping me. But now he's gonna go help someone else. Colin spoke to our news partner, NBC for Kevin Webb, who received the kidney was an end stage kidney disease, he says Collins generosity is mind boggling and life changing Web have the surgery around Christmas time. The two met for the first time this past week. Kyle Cooper w T o P News while you've likely seen all of the Bernie Sanders names from his appearance at the inauguration, well, now the jokes at his expense are translating $2. To help a lot of people. In just five days. Nearly $2 million has been raised for charitable organizations in Sanders home State of Vermont. The cash comes from people buying T shirts and other merchandise featuring Senator Sanders and his brown parka and his wool mittens. The first run of merchandise sold out in about 30 minutes and true to form, Senator Sanders says. Even this amount of money is not a substitute for action by Congress. Help people through the pandemic. Coming up next in money news, the market's a rallying back today. Southwest Airlines hasn't done this in 48 years. I'm Jeff Global. It's 1 24. Here's Emily Craig, partner for talent and transformation at IBM. US Federal on how technology can rev. A federal talent and skill development sponsored by IBM. There's so much information if you look at all the different position descriptions, all the personnel structures and the data that they have about the people who are doing those different jobs in the data that they have, like it's a great use case for artificial intelligence. Listen to the entire discussion on federal news Network search IBM. Today's government agencies have a significant gap between the skills they have and the skills they need..