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Squawk on the Street
00:00
The Rise and Fall of American Express
No surprise this morning at the Open here, Marathon, Haliburton, Conoco, Schlumberj, Hess. How long does this last? I think that we're telling people in the investment club that it won't last and that it's good to lighten up. Meanwhile, it's taken some wind out of travel, names, namely airlines and cruise lines. Raymond James is all gearing up on the United Air. And we don't, those companies are heavily levered to fuel. But I, look, he thinks the travel thesis is still very much on this.
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