E*TRADE Generation Trader: Inside the Airline Price Wars
"Generation Trader" sponsored by E*TRADE explores the most compelling business stories moving the market, while utilizing E*TRADE's innovative trading platform.
In this episode we take a look at a big earnings week for the nation's largest airlines. E*TRADE Senior Equity Option Strategist Mary Ryan showcases how to use the company's mobile app to track these market movers.
Both Southwest and American Airlines reported quarterly earnings Thursday. Shares across the industry sank Wednesday after United Continental announced plans to increase capacity. This sparked concerns over possible price wars.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
