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FBN’s Cheryl Casone on the regulatory issues facing American Airlines as they attempt to merge and come out of bankruptcy.
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-- program that now at 21 minutes.
After the hour you see the breaking news on jobs at the bottom of the screen the ADP report private sector employment coming in below expectations ahead of tomorrow's big report from the Labor Department Cheryl Casone Fox Business Network AK could see at noon eastern on markets that now is with us right now.
Now -- matter a fact and or -- -- Yeah adjusting our report again I -- telling us a slowdown in the private sector market and you know we need to see a bigger -- -- what we got this morning obviously.
And I don't know what it means I was saying a minute ago sometimes this is bad news for the next day and then sometimes -- not related at all to the what you see on Friday but.
A lot of tension obviously as there is every month on the monthly -- Eighty PAP can be hit -- -- that's very very true but you also had -- come up this morning as well -- us I think if you take -- -- reports together because average that it really doesn't.
Paint a great picture about the jobs issue in America.
And it a lot of companies -- -- -- is come on our shows Connell and tell.
You and tell me that they're nervous about hiring whether it's the regulatory environment they're concerned about growth and they don't over the demand is gonna be to demand picture still.
Very suspect not just here in the United States but also.
Overseas now until we get some more clarity and maybe maybe it takes until November 1 -- -- -- that your hiring.
This country speaking of which and -- you're right obviously -- Election's going to be a big part of -- market by the way bouncing back a little bit today but that's just after a big decline.
Yesterday adding let's talk a little bit about the airline industry.
What I call the industry very closely -- -- -- he has to come on the Fox News -- and speak with me and what I'm saying now what this US Airways.
Potential TPG merger orders had a big piece on of -- wing talking about the fact that there is discussions that we knew that.
Is that AMR is very vulnerable position but do what I think that they're gonna be soaked up by US Airways no I don't here's why.
Because American Airlines because the -- of -- I don't think the Justice Department would ever ever allow for merger of this size.
In the airline industry to happen according to Reuters US Airways TPG the private equity firm there are discussions to make a joint bid US Airways can't do it on their -- they need the financing.
But I disagree with the fact that it would even go through eight you've got this the size of the deals are gonna have government issues regulatory issues number 20 you've also got.
Unions that are going back to the table with America once again the bankruptcy -- -- -- got to go back to the table.
Here's the thanked those negotiations are being stretched out and they're gonna come to some type of conclusion if America wants to get out of bankruptcy.
-- and move forward.
An airline going into bankruptcy court is like me drinking a -- coffee every morning it's pretty calm.
I notice and we've seen big mergers obviously.
You know and people would think they would happen in the past in this industry as you know but this time do not think it would be it americans'.
Interest to do this or just a regulatory hurdles will be -- but I think.
-- the regulatory issue is is a bedlam but I don't think it's an American's best interest to go through this because remember US Airways.
Merged with America west.
56 years ago now.
That company that combined airline -- -- years for them to get through because remember you got pilots who got flight attendant she got ground personnel you've got aircraft you've got training.
-- -- still leaves you got hubs.
All that has to come together that as it -- they want.
And frankly expense of profits prospect -- -- talk about jobs Connell -- talk about the jobs that would be lost.
If we saw American US Airways come together again and -- the consumer ankle.
What do you think your ticket's going to be.
Well that's been do you have another -- story with every airline analysis that and everything costs a little remarked -- -- noon eastern part of our markets -- coverage we'll see then I'll see -- then and -- -- -- Where else would we pick and -- that's coming up and I'll -- -- told 915 -- --
