One of the most widely reported incidents of course was at chicago with united flight 3411 and lots of lessons to be learned and im sure were going to hear what some of those Lessons Learned both with the airport and the airline and the industry are today. In looking at what happened, Sarah Cantwell along with senator nelson sent an meddler and that letter said the last thing a paying Airline Customer should expect is to be physically taken off an airline and the purpose of todays hearing is to follow up on the letters we sent, the responses we got, and really to find out what went wrong and what are we going to do to be sure that doesnt happen in the future. This is a year where faa reauthorization needs to occur between now and december 30th and part of this hearing is to determine what needs to be taken care of without the congress and what needs to be taken care of in the law itself. Im going to turn to senator cantwell for her opening comments. Thank you, mr. Chairman. Before i st
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil
We want to start day off with nice weather, some sunshine, unfortunately not case. The best news is most of the showers we have had so far this morning that round is on the way out. We will continue to see, some cloudy skies, it will be muggy , hopefully get a few breaks of sun here and there but for the next couple of hours rain activity is done. Storm scan three is showing you those showers breaking up as they continue to move east and off the coast line but we will be watching for another line of showers, thunderstorms to fire autopsy long the cold front that will come in late tonight and early tomorrow morning. Temperatures were up in the higher 70s for a time, the rain did cool us down but where rain has moved out and moved out sooner then in the philadelphia area like near lancaster where we are back in the lower 80s to that 75 we have right now in philadelphia expect that to climb and pretty quickly as we go through afternoon. Dew points are still high, they have been in the zer
Good Tuesday Morning welcome to squawk alley. Were at the New York Stock Exchange joining us this morning from palo alto, cofounder roger m k mackname is google hit by this fine by unfavoring the search results over rivals . We talked to the eus commissioner for competition earlier this morning heres what she said well, the fine is a reflection of the abuse and how long the abuse has taken place and, of course, the importance of the Different Actors in this market and we find this abuse has been taking place since 2008. But also that it has taken place in every european country where google shopping has been ruled out. And that, of course, is a very serious matter and that is reflected in the level of the fine. Our google, roger, would argue it is also serious although they say they respectful respectfully disagree and are considering option onz appeal. What did z. This mean . I think, carl, there is an interesting sest tests coming in front of us. First of all, google, facebook, amazo
That is money in your pocket. The biggest banks in the land, they took the test, they emerged with a clean bill of health. All the financial stocks are going up, and look at that, bigtime. Politics is helping as well. Republican leader Mitch Mcconnell wants a new Health Care Bill tomorrow. The president said look for a big surprise. There is some new momentum for the growth agenda, and investors like that. Well, thats got the democrats worried. They plan to ramp up the outrage over the july 4th holiday. The demonstrators will be out there claiming death is coming. Overall, we have a positive start to the day, and weve got a big show for you. Blue apron feels the amazon effect. Martin shkreli channels lady baa georgia, and the president goes on an early fundraiser pulling in ten million in one night. Big day. Or Varney Company about to begin. Stuart when it comes to health care reform, do something, get something. Because anything obamacare [inaudible] its a piece of crap bill. Its a pi