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Transcripts For CNBC Power Lunch 20130813

Later this hour, but first to sue at the nyse. Yeah, big recovery in the market which well get to in just a second, but were starting with the still developing story. The Justice Department grounding the planned merger between u. S. Airways and amr corp. Investors not happen we either stock, as you can see. U. S. Airways down 7. 5 . Amr is down had 43 to 3. 33. Phil lebeau is live in chicago and this has big ramifications, phil, for the rest of the industry. Reporter huge, sue, and thats why the airline shares have traded lower. The doj says this is about ensuring competition. Just had a Conference Call and we had a chance to hear what they had to say. One quote stands out from this Conference Call when it comes to the doj and their explanation for why they filed this suit. Essentially they say it all comes down to determining that the merger would have substantially lessened competition for commercial air travel throughout the united states. Importantly Neither Airline needs this merg

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