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☆ American Airlines CEO Robert Isom on Q3 results: Our team performed incredibly well
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom on Q3 results: Our team performed incredibly wellCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the company's quarterly earnings results, demand outlook, corporate bookings, impact of Boeing machinists strike, and more.

Persons: Robert Isom, Phil LeBeau Organizations: American, American Airlines, Boeing

☆ American Airlines lifts 2024 profit forecast after sales strategy shift
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines lifts 2024 profit forecast after sales strategy shiftCNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.

Persons: Phil LeBeau Organizations: American Airlines

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off. The carrier said it expects to earn between 25 cents and 50 cents a share on an adjusted basis for the fourth quarter, above the 29 cents analysts polled by LSEG expected. For the full year, the airline expects to earn as much as an adjusted $1.60 a share, ahead of an earlier American forecast for no more than $1.30 a share. American in May fired its chief commercial officer after a sales strategy that aimed to drive direct bookings backfired and quickly reverted much of its sales model. For the fourth quarter, American said its unit revenue will likely drop between 1% to 3% compared with last year, with capacity up as much as 3% year over year.

Persons: Robert Isom, LSEG, Isom Organizations: American Airlines, Unit Locations: American

☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
▼ + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.

Persons: Kelly Ortberg, —, Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest

☆ Southwest CEO Bob Jordan: Elliott deal is good for our shareholders
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest CEO Bob Jordan: Elliott deal is good for our shareholdersBob Jordan, Southwest Airlines CEO, joins CNBC's 'Squawk on the Street' to discuss Southwest's deal with Elliott Investment Management, the company's third-quarter results, and more.

Persons: Bob Jordan, Elliott Organizations: Southwest Airlines, Elliott Investment Management

☆ Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management. "Thus far in the quarter, travel demand remains healthy and bookings-to-date for the holiday season are strong, demonstrating the continued resilience of the leisure travel market," Southwest said in an earnings release. Southwest said Thursday that it will repurchase $250 million of Southwest stock through an "accelerated" program under the overall buyback plan. Net income fell 65% from the year-earlier quarter to $67 million, or 11 cents a share, though that was ahead of estimates.

Organizations: Southwest Airlines, Hartsfield, Jackson Atlanta International, Elliott Investment Management, Southwest Locations: Atlanta , Georgia, Dallas, Atlanta

☆ US to evacuate 20 embassy staff from Haiti following car attack and intensifying gang violence, say sources
▼ + stars: | 2024-10-24 | by ( David Culver | Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —Violence is intensifying in Haiti’s capital, Port-au-Prince, this week, which saw a United Nations helicopter hit by gunfire and two gangs apparently target US embassy vehicles. Thursday’s helicopter shooting will “likely” cause US airlines to halt their operations once again in Port-au-Prince, the second source told CNN. Last March, major US carriers like Spirit, JetBlue, and American Airlines suspended their operations at Port-au-Prince’s international airport for nearly three months after a sudden spike in gang violence. Gang violence in Haiti has spiraled in recent years, with attacks becoming more brazen and violent. Members of the “Gran Grif” gang used automatic rifles to kill at least 70 people in an attack that displaced 6,000 people, said a UN agency at the time.

Persons: “ Chen Mechan, ”, Shaza Moghraby, Toussaint, CNN’s Caitlin Hu, Tara John Organizations: CNN, United Nations, Food Programme, UN, WFP, JetBlue, American Airlines Locations: Port, Haiti, ”, Caribbean

The U.S. Transportation Department announced a $50 million fine Wednesday against American Airlines over allegations it mistreated passengers with disabilities, which the department said in some cases caused injuries. “They repeatedly failed to provide prompt wheelchair assistance, and they damaged thousands of passengers’ wheelchairs, which left passengers without the device they need to live their life fully,” he said. American Airlines may not be alone in violations of laws that protect travelers with disabilities. Buttigieg said there are investigations into other airlines, although he said that “American Airlines appear to be one of the worst offenders.”“The problems that we have uncovered in our investigation are not confined to one airline,” Buttigieg said. American said last year that it transported more than 146,000 wheelchairs and other mobility devices.

Persons: Pete Buttigieg, ” Buttigieg, “, ”, Julie Rath, Buttigieg Organizations: U.S . Transportation Department, American Airlines, Transportation, Transportation Department, Airlines, Bureau of Transportation Statistics Locations: Delta, Southwest

☆ New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
▼ + stars: | 2024-10-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

watch nowQuarterly lossesBoeing reported a more than $6 billion loss for the third quarter, its largest since 2020 when the pandemic halted most aircraft demand and its bestselling airplane was grounded after two crashes. It disclosed charges of more than $5 billion across its commercial and defense units and said it ended the third quarter with $10.5 billion in cash and marketable securities. Its commercial airplane unit's losses swelled to more than $4 billion from a $678 million loss a year before. Ortberg announced the departure of the defense unit's CEO, Ted Colbert, in September. He is expected to face questions on the call about which units or projects the company will consider shedding.

Persons: David Ryder, Kelly Ortberg, Ortberg, CNBC's Squawk, Brian West, Ted Colbert, we've, LSEG, Rockwell Collins, Max, weren't Organizations: Boeing Co, Bloomberg, Getty, Boeing, KC, International, NASA, CNBC, Alaska Airlines Locations: Renton , Washington, US

☆ Boeing CEO says the company must fundamentally change as losses surge
▼ + stars: | 2024-10-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

That is the Boeing unit that has been the most troubled, but the strike affected only the last two weeks of the three-month period. Boeing reported a $2.4 billion operating loss in its space and defense business, which is not affected by the strike. “First and foremost on everybody’s mind today is ending the IAM strike,” Ortberg told investors. Members of the International Association of Machinists from Boeing hold a march during an ongoing strike in Seattle, on October 15. Fortunately for Boeing, it is not likely it will be forced out of business by its current financial crisis.

Persons: Kelly Ortberg, ” Ortberg, “ We’re, We’ve, ”, …, Starliner, “, Ortberg, Seth Seifman, Seifman, David Ryder, “ We’ve, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, CNBC, International, Station, NASA, SpaceX, IAM, JPMorgan Chase, Reuters, Alaska Airlines, Federal Aviation Administration, Airbus Locations: New York, ”, Seattle, Washington

☆ American Airlines fined $50 million for numerous disabled passenger rules violations
▼ + stars: | 2024-10-23 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

CNN —The federal government is slapping American Airlines with a $50 million fine after a multi-agency investigation uncovered repeat violations of the rules designed to protect airline passengers who use wheelchairs. The investigation by the Department of Transportation aided by the Justice Department’s civil rights division found that American made “numerous serious violations” of disabled passenger rules between 2019 and 2023. “These problems are not unique to American Airlines, and allegations of wheelchair mishandling and inadequate wheelchair assistance are far too common,” said the Department of Transportation announcement. “DOT has active investigations into similar violations at other US airlines.”Buttigieg said the fine is the largest ever of its type. If the agency finds that American does not meet that requirement, it will fine it the airline the remaining $25 million.

Persons: Pete Buttigieg, ” Buttigieg, ” Organizations: CNN, American Airlines, Department of Transportation, Justice, Transportation, American

☆ Union members reject deal with Boeing, prolonging strike
▼ + stars: | 2024-10-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —The strike by 33,000 workers at Boeing will continue after rank-and-file union members rejected an offer from the company in a vote on Wednesday and decided to remain on the picket lines instead. The membership of the International Association of Machinists voted 64% against the deal, the union announced late Wednesday. “Our members deserve more,” said Jon Holden, the president of the largest IAM local at Boeing and its chief negotiator. The offer would have raised wages for IAM members at Boeing by 35 percentage points over the four-year life of the contract, with an immediate 12% raise. Loss of pension a ‘sticking point’Among the major issues for many members was the loss of a traditional pension plan.

Persons: “, ”, Jon Holden, Holden, haven’t, Seth Seifman, Seifman, Kelly Ortberg, ” Ortberg, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM, Union, JPMorgan Chase, Alaska Airlines, Federal Aviation Administration, Airbus Locations: New York

More than 90 flights from Indian airports have received bomb threats in just over a week, including about 50 on Saturday and Sunday alone, according to local media reports. Bomb threats against airlines are taken especially seriously in India, which was rattled by a series of bombings and hijackings from the 1970s to 1990s. Two days later, the British air force dispatched a fighter jet to intercept an Air India Boeing 777 en route to London. Air India said it would consider legal action against those responsible and was cooperating with the authorities to identify the perpetrators. Police in Mumbai have arrested one person on suspicion of posting bomb threats against at least three flights, Kinjarapu said Wednesday in a post on X.

Persons: Kinjarapu Ram Mohan Naidu, Kinjarapu, Ripudaman Singh Malik, ”, Sidharath Kapur, “, Kapur Organizations: Authorities, Indian Airlines, Air India, Airlines, ”, Air, Air India Express, Air India Boeing, London ., Police Locations: DELHI, India, United States, Kathmandu, Nepal, Delhi, Afghanistan, Toronto, New Delhi, ” Air India, Air India, New York, Mumbai, London, Chicago, Iqaluit

Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk's Starlink internet, paving the way for a new era of in-flight connectivity across its entire fleet by next year. To demonstrate the milestone, Qatar Airways CEO Badr Al Meer held a video call with Starlink founder Musk while flying at 35,000 feet from Doha to London. Qatar Airways' move to introduce free high-speed internet across its fleet is a direct challenge to competitor airlines who typically offer lower-speed and often patchy paid services, or status-restricted wi-fi access to the flying public. Over time I think you'll find it just gets better and better," Musk said before Al Meer gave him a video tour of the cockpit.

Persons: Badr Al Meer, Saad bin Ali Al Kharji, Elon Musk, Elon Musk's, Musk, We're, Al Meer, Saad bin Ali Al, Kharji Organizations: Qatar Airways Group, Qatar Tourism, Qatar Airways, Boeing, Elon, Qatari, Airbus Locations: Qatar, Starlink, Doha, London, Qatari

☆ The vulnerable GOP congressman convinced that economic interest voters will save him from the Trump and abortion backlash
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

He sat down with BI to talk about the race, the national debt, abortion, and the state of his party. In an era where college-educated voters have been bleeding out of the GOP, Schweikert is increasingly an outlier, and he knows it. In order to keep looking like his district, Schweikert — a one-time conservative rabble-rouser who rode his way into Congress during the 2010 Tea Party wave — has had to make some changes. But now that Schweikert's sharing the ballot with Trump, he's not sweating that either. But while Democrats are hoping the state-level vote will boost turnout on their side and remind voters of Republicans' opposition to abortion, Schweikert sees it differently.

Persons: David Schweikert, —, Republican who's, Donald Trump, Schweikert, Arizona's, Joe Biden, Katie Hobbs, Sen, Mark Kelly, Jevin Hodge, Jon Sutton, It's, I've, who's, he's, Shah, rouser, There's, Schweikert's, Tim Scott of, He's, Bryan Metzger Schweikert, Kari Lake, David Schweikert Decries, Trump, mailer, Sutton, JD Vance, Ohio, Matthew, Tom Williams, that's, Shah eked, Krysten, they're, Shah outraised, Bryan Metzger There's, Roe, Wade, Frederic J . Brown, Kamala Harris, Nikki Haley, Arizona's Haley, Harris Organizations: GOP, Service, Republican, Republicans, Democratic, Caucus, Trump, Capitol, YouTube, Forbes, Social Security, Medicare, Committee, Insurance Trust Fund, Federal, Commission, Electoral, FBI, Federal Aviation Administration Reauthorization, COVID, Mayo Clinic, Getty, United Nations Locations: Arizona, Scottsdale, Congress, America ., Phoenix, an Arizona, It's, Schweikert, Tim Scott of South Carolina, Springfield, America, AFP, Maricopa County, Schweikert's district, North Scottsdale

☆ Elon Musk joined a video call at 38,000 feet to show off Qatar Airways' new Starlink WiFi
▼ + stars: | 2024-10-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Qatar Airways' first flight using Elon Musk's Starlink took off on Tuesday. The SpaceX CEO previously joined a video call with the Qatar CEO, who was on board a test flight. AdvertisementQatar Airways has launched its first flight featuring Elon Musk's Starlink internet. On a previous test flight, Musk joined a video call with Qatar Airways CEO Badr Mohammed Al-Meer. Related stories"It's only going to get better," Musk replied.

Persons: Elon Musk's Starlink, —, Elon Musk's, Musk, Badr Mohammed Al, Meer, Saad bin Ali Al, Skytrax — Organizations: Qatar Airways, Elon, SpaceX, Business, Service, Boeing, London Heathrow, Airbus, Qatar Tourism, Qatar —, Skytrax, Hawaiian Airlines, United Airlines, Air Locations: Qatar, Doha, Al, Air France

☆ Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.

Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, —, Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, –, Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations: –

☆ Why a hedge fund made a podcast about a shake-up it's pushing for at Southwest Airlines
▼ + stars: | 2024-10-21 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Elliott Investment Management launched a podcast to influence Southwest Airlines shareholders. AdvertisementLast week, activist firm Elliott Investment Management launched a podcast as part of its efforts to influence Southwest Airlines shareholders. Related storiesElliott said its "Stronger Southwest" podcast will have one-on-one conversations with the firm's nominated directors. But companies like Southwest and Disney, which saw similar activist interest last year, have a lot of individual investors. Before the podcast, Elliott rolled out a website and accounts on Instagram, X, and YouTube.

Persons: —, Elliott, Bob Jordan, Jordan, Gary Kelly, Southwest's, Gregg Saretsky —, Scott Bisang, Bisang, Cas Sydorowitz, Georgeson, Sydorowitz, Disney, Nelson Peltz, Bob Iger Organizations: Elliott Investment Management, Southwest, Service, Apple, YouTube, Bloomberg, Disney, Hollywood

☆ Stocks making the biggest moves midday: Boeing, UPS, Cigna, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.

Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, —, Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank

☆ I take over 100 flights a year. Here are 3 airlines I absolutely love, and one I wouldn't want to fly again.
▼ + stars: | 2024-10-20 | by ( Latifah Al-Hazza | ) www.businessinsider.com time to read: +1 min

I take over 100 flights a year and have booked on many different airlines. Cathay Pacific, Emirates, and KLM are some of my favorite airlines to fly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The airlines I love the most have comfortable seating — granted, I'm short (5-foot-3), so legroom usually isn't an issue for me. Here are my absolute favorite airlines to fly and one that I'm not planning on booking with again.

Persons: —, I'm Organizations: Cathay, KLM, Air Canada, Service Locations: Cathay Pacific, Emirates

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ Earnings playbook: More than 100 companies are slated to report this week, including General Motors
▼ + stars: | 2024-10-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.

Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elliott Investment Management and Southwest Airlines have been discussing a settlement that would give the activist investor significant representation on the airline's board, according to people familiar with the matter. The settlement talks are predicated on a deal that would give Elliott less than full board control, said the people, who asked not to be named because the negotiations are confidential. Southwest's board will drop to 12 members after Chairman Gary Kelly steps down next year, meaning Elliott would likely end up wither fewer than six selections. The talks are in early stages, and it's possible that no deal could be reached, some sources said.

Persons: Elliott, Gary Kelly, Bob Jordan, Jordan Organizations: Southwest Airlines, Hartsfield, Jackson Atlanta International, Elliott Investment Management, Bloomberg News, Dallas Locations: Atlanta , Georgia, Atlanta

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

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