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and those directly affected for them, that s happening right now, right? no, it s real now. i have a client in the steel industry. there s mayhem. they have to do contracts out years in advanced. it s an impact if you re in that business, even though it s all talk mostly at this point. so there s no question a trade situation could get ugly. it already is a little ugly if you re in the commodity business but china has been taking advantage of countries because they don t want to take on their risks to the economies and et cetera. so you almost have to play chicken, the stage we re in now. in the industry, you re seeing the effect already. neil: it could work. real quick, i want to go to nancy pelosi saying if the democrats take over in the house, they re going to re-visit the tax cut thing. the same thing the president was bragging about in west virginia. she wants to change it, go after
evolved into where it doesn t matter. expensive baggage. going around the wrong airports. they have merged to such a level that they don t care. they don t have the compete in certain routes. in and they are really a commodity business. they you have choices anymore so there is no real regulation. it was the opportunity that was missed. that said it creates an opportunity for another airline to reward people by treating dogs like pets and people and not like baggage. right now nothing has hurt united. they ve have a whole series of things like this. please hold up so we can see
i m not joking. then you suddenly saw them turn a profit. warren buffett said the best thing that could have happened for investors is if orville had been shot down at kittyhawk. wow! little rough. it s a commodity business. people really didn t care. they just wanted price. and so it was a constant race to the bottom and bankruptcies and so on. the question of overbooking is a very simple one. why do airlines do it? some people don t show up and they have to have every seat filled. if you re 20, 30 minutes late to a flight, you miss it, the airline will accommodate you or, to borrow united s term, reaccommodate. in the case of yesterday when everybody shows up all of a sudden they have too many people on the plane and have to pull
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