it is interesting. last month he received an award from p.r. magazine for best ceo communicator. that was not a great p.r. response, and that p.r. nightmare for united has a price tag of a quarter of a billion dollars. the airline stock down 4% during trading. it could have been worse, boris. earlier in the day a billion dollars was knocked off the market cap. by late afternoon the stock had recovered from the worst losses. shares now looking to see if there is going to be any more fall out. they re down 4/10 of a percent in premarket trading. we ll see it stabilize. in markets you don t have a lot of choice. united and most, i think most passengers will choose the right airfare. you made the point a moment ago which is united is trying to break into the chinese market and that is where this video has really caught fire. 100 million views by midday yesterday in the chinese market. and that s where united is trying to make a lot of headway. this is an international problem
it is standard practice to sell more tickets than there are seats. in american the back and forth usually happening at the gate not after the passenger is on the plane. that s mistake one. federal rules require airlines first check to see if anyone will give up his or her seat voluntarily. airlines dictate what the compensation looks like. they decide. a voucher toward a future flight or gift card. if airlines can t get passengers to switch, they can bump you from that flight. how often does it happen? 46,000 travelers were involuntarily bumped in 2015. there are rules. passengers must get to their final destination in one hour or the carriers have to start coughing up money. one to two on domestic, have to pay double the flight, $655 limit. shares of united airlines, that s why this is a business story, down 6% in premarket trading on the heels of this
money scene. the stock market enjoying a nice start to 2017. dow futures pointing higher. the dow starting the year with a 120-point gain yesterday. shares in asia closed. closed higher overnight. oil prices are rising. tesla today the stock is down more than 2% in premarket trading after the company missed its delivery forecast for 2016. the stock has struggled over the past year even as it has ramped up production. delivering about 50,000 cars in 2015. more than 76,000 to customer us last year but the forecast was 80 grand. the u.s. carmaker blamed its transition to new autopilot hardware for missing car delivery estimates in the fourth quarter. it rolled out that software update to all models after a fatal accident in october involving a driver using autopilot. facebook ceo mark zuckerberg is known for many things. a billion dollars in the bank. a billion that s like
shot of snow around sunday to new york and philly. notice the model discrepancy between the american and european models, the ones that we like to use most frequently. the american model brings tremendous amount of snowfall across northern georgia that would include atlanta. while the european one keeps it in the mountains. we ll follow this the next couple of days, guys. that s weather. this is money. cnn money stream, the stock market enjoying a nice start to 2017. dow futures pointed higher. the dow starting the year with a 1220-point gain. stock markets in europe are mixed. shares in asia closed high letter. oil prices up 52 bucks a barrel. tesla is down more than 2% in premarket trading after the company missed its delivery forecast for 2016. the stock has struggled over the past year, even as tesla has ramped up production. it delivered about 50,000 cars in 2015. delivered more than 76,000 to
wanted a hatchback version. they build those in united states. clearly they want to sell the more of them. gm said only the hatchback is made down there. but the bottom line is pay big border tax. nafta says no border tax. if you want border tarks you have to reform nafta or get riffed it. ford and gm are saying none of us are doing anything wrong. you can build cars and sell them in these three countries in an open trade zone. yet we saw an impact on the stock market. general motors went down 1% in premarket trading. then went up afterwards. investors are starting to hear the threats as noise. if you have a company a threat is serious. we saw that with lockheed martin. if you are a company governed by