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Squawk on the Street

Aviation Tragedy, Southwest Airlines CEO, "Mag 7" Earnings Reaction, The View from OpenAI 1/30/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 30 January 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber and Sara Eisen led off in-depth coverage of Wednesday night's tragic collision involving an American Airlines jet and an Army helicopter near Reagan Washington National Airport. Southwest Airlines CEO Bob Jordan offered his perspective on the crash as well as his company's quarterly results. The anchors also discussed market reaction to earnings from three of the "Magnificent 7": Meta, Microsoft and Tesla. Also in focus: An OpenAI executive talks about the startup's future in wake of DeepSeek, Fed aftermath, Caterpillar and UPS join the earnings parade. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

0:06.1

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kingtonia with David Faber, Sarah Eisen, and post-night of the New York Stock Exchange.

0:12.2

Kramer has the morning off. Futures are mixed as the market responds to the Fed meeting, fourth quarter GDP numbers, and our first batch of mega-cap tech earnings.

0:20.5

But we are going to begin

0:22.1

with last night's tragic collision between an American Airlines jet and an Army helicopter.

0:27.0

A search and recovery mission is now underway in the waters of the Potomac.

0:31.1

Our Aiman Javers is at Reagan National Airport with the latest.

0:34.2

Amon, good morning.

0:36.3

Good morning, Carl.

0:37.4

It is a heartbreaking morning here at Reagan National

0:40.2

Airport authorities just within the past hour or so, giving us some updated details about what we

0:45.2

know about last night's horrific crash involving a commercial jetliner and an Army Blackhawk

0:51.6

helicopter just south of this airport. What we know right now is that there are no

0:57.0

survivors in this incident, and that means that as many as 67 people are dead. 64 people were on board the airplane,

1:05.0

three people on board the helicopter. 27 bodies, they say, have now been recovered from the airplane wreckage.

1:11.6

One recovered from the helicopter. The Secretary of Transportation, Sean Duffy, who was sworn in just a couple of hours before this incident,

1:20.6

said that despite last night's tragedy, air travel in the United States is still safe. Here's what he said.

1:35.8

Safety is our expectation. Everyone who flies in American skies expects that we fly safely.

1:42.1

That didn't happen last night. And I know that President Trump, his administration, the FAA,

1:46.8

the DOT, we will not rest until we have answers for the families and for the flying public. You should be assured that when you fly, you're safe.

1:54.2

And Carl, there have been a number of incidents over the past couple of years involving near

1:59.6

misses here at Ronald Reagan National

...

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