Updwrading its International Business class. Well get those details plus well talk about which stock in the sector hee likes now. I wonder if they charge bag fees for that International Business class. Jamie does want to talk about that. Meanwhile billionaires going to space. Elon musk and jeff bezos soungd off on their intergalactic goals. Musk says why his company will send people to mars even before nasa does. Plus, an exclusive interview. Were going to get his take on mergers, deals, ipos and Work Life Balances for their junior bankers. A lot to get to. Lets get to closing bell. With the down 25 points, joining us today, wasif latif, and brenda. Keith bliss from cuttonen company. Hes at the post 9 Stock Exchange and Rick Santelli checks in from chicago. Keith, we have the jobs number tomorrow. If its a strong number, do you believe the good news will be good news for your the stockmarket . I believe its stuck where it is right now. Were 34 points from the alltime high we achieved last may. When you look at the charts on the nasdaq and s p, were back to the april highs we achieved. If we barack through those, we should be a little higher. I dont see the stockmarket having a catalyst whether the stork market is good, bad, or indifferent. I think a rate increase is off the table for them. I think the stockmarket will react very indifferently to whatever the market is tomorrow. One variable meanwhile is the price of oil, brenda. Moved lower. Its been hanging in there. Does that surprise you . I think whats interesting is the bump back up after the opec decision which reacted to the eia data. It responds more to that than oil producers. Now production has been coming down, brenda, and i know thats been contributing to the price. Once we get back to 50, we keep hearing maybe thats the pivot point to a lot of producers. Would you expect production to resume for a lot of guys who have been shut in as a result of the decline in oil prices . I think thats the big question mark. In terms of technology, the production of the u. S. Market is very able to rev up its production. The question is more connected to finance, the conditions of companies. So Many Companies have gone bankrupt, and the question is will banks and Financial Institutions be ready to jump back in at 50. I think its more a question of the market rather than the technology and the fields themselves. Wand receiand wasif, you don stocks too much either, do you . U. S. Stocks are a litsing overpriced but there are sectors that we see such as energy and materials and industrials. I think to your earlier point, if the data tomorrow comes out more stronger than expected and the market may not react too much butunderneath it you could see financials and those types of sector doswell on the back of improving Economic Conditions and the bond substitute such as the staples and the utilities of the world may not do as well, but the overall market will move a whole lot by itself. Rick, the expectations for tomorrow are not all that high. You know, i havent heard anyone guess. 200,000 for this jobs numbers. What are you guys expecting, and what do you think the market will do with it . Cnbc has been all over it and how the strike could have an impact on this data set, and i cant argue with that. No, the whisper number is not much higher. The whisper number is pretty darn close to what we received last month of 160,000. But i look eight from a bit of a different tangent. Is one number after all these years really going to make the difference . I mean i dont know. It sounds absurd. Ahead of an important fed meeting. No, no, no. I get that. I get thachlt im just saying if this one number is going to make the decision whether or not to normalize after all the history weve had, after all the quarters weve gone through, i think its a really crazy argument. Im not questioning the question at all. And i have to tell you, im getting a real education on brexit. I had jim bianco today and i think the way we were all looking at brexit, the fact it shouldnt be very disruptive to matter the outcome, and im starting to change my tune on that. Im starting to think theres a bit of a parenting issue here, that the group in the eurozone thats going to stay intact no matter what the uk does is not going to make it easy if the uk leaves because it could set an example that would unleash forces of exodus on the continent. I think the more you ponder that and make it a chess game, i think theres no chance, no chance the fed is going go before brexit. Oh, well. Okay. You mention thad you like the energy space. Why is that . Well, its just valuations, you know. We invest based on valuations. Thats what drives portfolios and returns. Theres a lot of noise and momentum that can happen. Valuations is something you can argue that you got such a strong pop and energy in oil earlier in the year because there was so much pressure on the downside. We like a lot of those sectors that i talked about mainly due to elevations. The trigger or the catalyst may be due to anything and may not be anything in the short run. Brenda, you know, he used the term parenting issue. We got to the last 30 years to be an adult in the world of oil, but they certainly lost a lot of their cachet in the last decade or so. So who do we look to now for the greatest influence, do you think, in the world of Oil Production right now . I think we got too used to low oil prices. We think no matter how much we think oil works in cycles is here and now and is going to stay. Theres nothing that cures low oil prices like low oil prices, and weve had two years of lower investment in the history of new Oil Production. So the stage is set for an increase. While were very happy that we dont have a cartel anymore thats calling the shots, no ones calling the shots. As you said, theres no adut in the playground and we need to be thinking about Energy Security as a policy issue because opec isnt going to be there to provide that oil. Okay. Very quickly before we go, because i see we have breaking news. 2100 has been talked about as a key level for the s p. What are you watching right now . Im watching two things. As much as you can watch on these weak volume days. Its the transports. Theyre actually down while the major averages are up. Thats a counter move. Also the russell. Take a look at the russell. The russell tried after the august selloff last year ten times to get above that 1160 to 1165 level and it failed. Were back there again. If we could stay up there and maintain, we could push for higher. Im not sure it would provide the catalyst to get to the alltime highs, but it could get us back up there. Very good. Thank you for jiening us. We appreciate your thoughts on todays market. Thank you. Were going to julia boorstin. Is this for the breaking news, guys . All right. Very good. Forget about the moon. Spacex ceo elon musk want is his company to be the Union Pacific of mars. Julia boorstin where musk is making headlines. Julia . Well, bill, elon musk wants the humans to be the species. He has a plan for spacex to do launches every two to four weeks, more than anyone else using reusable rockets. He explained a plan to colonize mars by shipping people and cargo on a sixmonthlong journey. Were going to send a mission to mars with every mars up charity. If things go according to plan, we should be able to we should be able to launch people probably in 2024 with arrival in 2025. Now, the other brilliant billionaire is jeff bezos. He talked on stage how his goals for space are different. He says that Space Exploration is necessary to help figure out,000 make the ertz a better cleaner place. We know about the source system. Let me assure you. This is the best planet. Now, musk is definitely more excited about living in outer space. In fact, musk said if he could choose a place to die that mars wouldnt be such a bad place, but musk may not actually be so concerned of questions of life or death. He explained in some great detail this theory that were all just living in a matrixlike virtual reality. Guys, back over to you. Meanwhile as we try to value his business, julia, i do wonder about the extent to his sort of visions and dreams listen, you love to hear somebody who talks so promisingly about the future, is that why people are willing to shell out the money fundamentally for his electric cars . Well, i think theres something compelling about listening to somebody who seems to think they know what theyre really talking about. Talking about going to mars in the very, very near future. Before he talked all this mars stuff, he talked a lot about his cars and how he thinks Autonomous Vehicles are going to be totally commonplace in just two or three years, so i think there are a range of things that musk can talk about. Some that seem a lot more tangible than others. And i think the thought of buying a car from someone whos the basis of iron man are pretty compelling. I get all, that but i just get the sense that all the space stuff between elon musk and jeff bezos are more like billionaires hobbies, right . I dont gather that the Business World is all that enamored of it. Do you . Am i misreading that . I think people were fascinated in this conversation listening to musk and bezos talk about Space Exploration, but i think its interesting to get to the heart of why they want to do it. For musk at least its about protecting the species. That if earth become as place you cant live, we need to think about mars. For bezos, its about improving life on earth. They have this grand vision that is about helping people. For them its also cool to think about than just the next cool app or something on the internet. Thank you, julia boorstin. I agree with you. Yeah, yeah, yeah, jeff and elon, thats nice you want to think about going to the moon. But how are you going to make money for tesla or amazon. Right. The s p broadly is up 2 points but most significantly its above 2,100. United airlines unveiling new plans to win back alienated business fliers, but is it too late. Well have that story coming up. And the number one Airline Analyst on the street jamie baker will tell us how long industry profits can rise as long as Oil Prices Remain cheap. Also ahead, john waldron discussing merges in business. Youre watching cnbc, first in Business Worldwide. Hiim here to tell homeowners that are sixtytwo and older about a great way to live a better retirement. Its called a reverse mortgage. Call right now to receive your free dvd and booklet with no obligation. It answers questions like. How a reverse mortgage works, how much you qualify for, the ways to receive your money. And more. Plus, when you call now, youll get this magnifier with led light absolutely free when you call the experts at one reverse mortgage today, youll learn the benefits of a governmentinsured reverse mortgage. It will eliminate your monthly mortgage payments and give you taxfree cash from the equity in your home and heres the best part. You still own your home. Take control of your retirement today now we have our breaking news. Its about paul ryan. John harwood speaking in. Paul ryan put out an oped, tweeting hes going to endorse donald trump. He was not going to endorse him. H has done so interestingly right now as Hillary Clinton is giving a speech in san diego, blaftsing donald trump as president. This is a useful counterpost for the Trump Campaign to come out and have paul ryan say, yes, im going to be voting for him. He said in his oped that he was confident that donald trump would help the house and the agenda even though they have significant differences on issues like trade and entitlement policy. Well see how those work out over the long run, but right now donald trump is please that paul ryan is saying hes going to support him. Are we splitting hairs when he says hes going vote for them. This is not an official endorsement. I asked his staff. I have not heard back. Interestingly paul ryan sent this note from his personal account, not House Speaker account. He did it by written word, not standing next to donald trump. Theres some distance there. But in the end its going to be a distinction without a difference. If youre voting for somebody, thats a signal to people who think like you do that they should do the same thing. So paul ryan may be trying to keep a little distance in the oped. He says, ill continue to express them when i think its warranted. But this is a signal that donald trump was looking for. And the timing comes as Hillary Clinton is giving her Foreign Policy speech right now. Thank you, john. You bet. John harwood there. United airlines ceo oscar mun yoes is wanting to beef uf profits. Phil lebeau spoke with him a little while ago. Phil . This is the new powe lars Business Class that united will be putting in all of its International Flights starting in december and rolling it out over time. Youve got aisle access for every seat, privacy access you dont have to be sitting shoulder to shoulder with the person next to you. Weve got some video about what this is about. Its not just about the seats. Its about a whole new image and approach to handling International Business travel which is crucial for the bottom line of the airline. It rolls out starting in december. Theres also going to be revamped business lounges so when youre going on an international flight, youll have a chance to get a different flavor from united. Betting deal with saks fifth avenue. If you take a look at where it is relative to its peers. Osc oscar munez believes hes got it. Weve approved along with everyone. It moves us ahead. B, the Human Connection that were providing is truly going to be different. Guys, this is all about the seat when youre traveling internationally. We dont have time to wait for it to go all the way down, but as you take a look at the shares of united, its been a bit of time. Im going to take a nap while you talk to jamie. How tall are you . 65 . 65 . Im 61. 65, i ought to be playing basketball. Thanks, phil. Nearly 40 billion. On the back of lower fuel costs according to a new report from the air transport. The aforementioned jamie baker. Hes with jpmorgan. He joins us right now on this exclusive. Jamie, welcome back. Good to see you back. First, just broadly speaking, how do you assess the airline right now . Are they just thanking the oil market . Is that why were seeing that . You know, the industry has paid under 2 per gone for fuel in the pachlt it did in 2005 and 2006, and yet at that time the industry lost billions. U. S. Airlines which only account for a little more than a quarter of global capacity are making up half of that level. American airlines this year is going to learn about what it on as recently as 2012. I get tired of typed the word unprecedented in all the research i put out, but time and time again, all of the output is without historic measure. Were at new highs. Jamie, that said, its so interesting to compare it to the auto space where you have the scorching pace of auto sales because of concerns about the future pays. As good as the Airline Business has gotten to be, theres a lot of concern about the slowing demand trends lately over capacity, lower prices and maybe even price war, all of those things. Are those all hurdles the industry is going to ee veenlts annu eventually clear here . We need to see improvement in unit revenue, and were confident were going to begin to see that Inflection Point mid to late summer. The industry is engaged in selfhelp at this moment. Were seeing further incremental capacity cuts, five fare increases since the beginning part of this year. Managers realize in order to satisfy their owners, they have to show resilience and Pricing Power and we think were on the precipice of improvement. Speaking of hurdles, before we can get on anirlines jet w very go through tsa and all the security all the fun things that entails these days including the long lines weve been expecting this summer. I know delta is trying to do something to speed up the process, but is there something the Airline Industry can do to improve that horrible experience for travelers . Look. The bulk of the responsibility falls on the shoulders of tsa. Youre right. Theyre going to be taking steps to speed up that process, maybe having lanes for their own employees or rather their best passengers. At the end of the day, we went through an event like this when they initiated 311 rule, remember, you couldnt bring fullsize toiletries anymore. It did slow down the market, so the industry is going to get over this hurdle how globalize dodd you expect the business to be for the u. S. Carriers going forward. In other words, united today were learning is offering more flights into interior china while at the same time theyre trying to keep some of those foreign middle eastern competitors out. How does this play out . The domestic market has fully matured at this point. This is not a Growth Market in the lower 48. We had the benefit of going first. We invented commercial flight, we deregulated before the first. Theres not a lot of growth hero above and beyond what the economy produces. Globally, thats a different karks ten years ago there wasnt much demand from here to china or india, hered on and so forth. For them to compete, theyre going to have to up their offer, be more consistent. Before we let you go, one of my favorite topics, also one of yours. Baggage fees. Spirit air is now going to be charging for carryon bags, is that a thing of the future or whats going on here . I have good news. The airlines are on the cusp of not charging for the bags. Things have to come. Pizzas have to stop charges for toppings. Phones have to stop charging for extras. People have to man up. This is how things are priced. Bill, are you listening . You had me for a second, baker. Oh, well, we can only hope some day for rainbows and unico