United Airlines Holdings Archives -

Trump Pushes for Plan to Save Spirit Airlines 0 (0)

George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, breaks down the latest earnings from Boeing and United Airlines. He also reacts to news that the US government is close to a rescue package for Spirit Airlines. The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter. The agreement, which has not yet been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up [See More…]

Bloomberg Television News & Politics

Stocks Hit Record Highs After Strait of Hormuz Is Declared Open | Closing Bell 0 (0)

This is comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. Stocks surged Friday, sending the Nasdaq 100 Index to its longest winning streak since 2013, as Iran reopened the vital Strait of Hormuz and President Donald Trump said a deal to end the seven-week war could be finalized soon. The S&P 500 closed 1.2% higher, extending a five-day advance that’s pushed it back over January’s record high, and the Dow Jones Industrial Average jumped 1.8%. ——– More on Bloomberg Television and Markets Like [See More…]