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Stock Market ‘Re-Accommodates’ United’s Value by Almost $1 Billion



United CEO ‘Threw Gasoline on a Fire’

The stock market wasn’t especially concerned as video of security agents dragging a passenger off a United flight to make room for employees went viral on Monday, but after United CEO Oscar Munoz’s public statement apologizing for having to “re-accommodate” the passenger, a medical doctor, and a leaked memo to employees justifying the airline’s actions, shareholders and investors have taken notice.

After Tuesday’s opening bell, shares of United Continental (UAL:NYSE) tanked, dropping over 4%, losing shareholders nearly $1 billion in market value.

The passenger was not only dragged out by several law enforcement or security officers, but later video shows his face covered in blood, and him back on the plane, distraught, possibly disoriented, clutching a cabin curtain and saying, repeatedly, “just kill me.”

Instead of making the situation better, United’s CEO by many accounts has poured gasoline on the fire. 

Munoz described the 69-year old doctor as “disruptive and belligerent,” which is rather incredible since he had paid for a ticket. He also told employees worldwide that the flight crew on United 3411 “were left with no choice but to call Chicago Aviation Security Officers to assist in removing the customer from the flight.”

The airline’s ticket policy may land them in hot water, as it states they can refuse to board a passenger if they are overbooked, but some have noted it appears it does not state they have the right to remove a passenger for that reason.

Legal implications aside, this has now become an international incident.

In addition to the dropping stock price, which likely will recover, social media users in China have noticed the victim appeared to be Asian, possibly Chinese. CNBC reports “the top trending topic on Tuesday on microblog Weibo, China’s take on Twitter, was #UnitedAirlinesforcespassengeroffplane.”

“This went to the next level when the CEO and the [United] executives began to respond,” said Andy Swan of LikeFolio, which monitors social media for financial applications. “They threw gasoline on a fire.”

“When management stepped out — and [they did it] in most offensive way possible — you started to see negative mentions surge,” he said. “[United] invited some really negative stuff on themselves.”

ThinkProgress notes that United “made $2.3 billion in profit last year.” 

Here’s Munoz in 2015: 

Editor’s note: NBC’s Bradd Jaffy deserves credit for the headline: 


WATCH: Bill O’Reilly Laughs Over United Passenger Being Dragged Off Plane

‘Just Kill Me’: Disturbing New Video Shows United Passenger Bloodied After Being Forcibly Removed

Twitter Mocks United CEO’s ‘Re-Accommodate’ Apology After Passenger Forcibly Removed

Overbooked, United Airlines Uses Law Enforcement to Forcibly Remove Passenger (Video)



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‘Start the Kevin McCarthy Death-Clock’ After Biden Wins Debt Ceiling Battle: Rick Wilson



Appearing late Saturday night on MSNBC after it was announced that President Joe Biden and House Speaker Kevin McCarthy (R-CA) had reached an agreement “in principle’ on a budget deal, former GOP strategist Rick Wilson claimed this could be the beginning of the end for McCathy’s speakership.

Sitting in on a panel with guest host Michael Steele, Wilson suggested that McCarthy’s decision to compromise with the president to avoid a default that would spin the economy into chaos will not go over well with far-right members of his House caucus who could make a motion to “vacate the chair” to express their displeasure.

Asked by host Steel about what comes next, Wilson stated it was a win for the White House which will not make conservatives happy.

RELATED: ‘Crazy cuckoo MAGA people’ could sink debt ceiling deal: Dem strategist

“Great night for Joe Biden, great night for the White House even though I think their messaging has been kind of tentative the past few weeks” the Lincoln Project founder began. “I think though we are now going to start the Kevin McCarthy death-clock. He has certainly got a very angry part of his caucus tonight who probably burning up his phone no matter how good it is for the country not to default.”

“It’s not going to please the chaos caucus in the GOP,” he added.

Watch below or at the link:


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Debt Ceiling: McCarthy Faces ‘Lingering Anger’ and a Possible Revolt as Far-Right House Members Start Issuing Threats



As House Speaker Kevin McCarthy (R-CA) continues to negotiate a deal to avoid a debt crisis, members of the far-right Freedom Caucus are growing furious with him over broken promises he made to them.

According to MSNBC political analyst Steve Benen, with a slim GOP majority in the House, McCarthy is walking a tightrope to get a budget deal passed and may need help from House Democrats if members of his caucus refuse to go along with him.

As Benen points out, in order to win the speakership McCarthy agreed to an easier path for a motion to “vacate the chair” which could end his tenure as Speaker. That could come into play if the Freedom Caucus stages a revolt.

“… as the negotiations approach an apparent finish line, the House Republicans’ most radical faction is learning that it isn’t likely to get everything its members demanded — and for the Freedom Caucus, that’s not going to work,” he wrote in his MSNBC column.

ALSO IN THE NEWS: Trump in danger of heightened espionage charges after bombshell report: legal expert

Citing a Washington Times report that stated, “[Freedom Caucus members] want everything from the debt limit bill passed by the House last month plus several new concessions from the White House,” Benen suggested far-right House Republicans are now issuing veiled threats.

In an interview, Rep. Chip Roy (R-TX) stated, “I am going to have to go have some blunt conversations with my colleagues and the leadership team. I don’t like the direction they are headed.”

With Politico reporting, “The [House Freedom Caucus] was already unlikely to support a final bipartisan deal, but lingering anger with Kevin McCarthy could have lasting implications on his speakership,” Benen added, “If this is simply a matter of lingering ill-will from members who come to believe that GOP leaders ‘caved,’ the practical consequences might be limited. But let’s also not forget that McCarthy, while begging his own members for their support during his protracted fight for the speaker’s gavel, agreed to tweak the motion-to-vacate-the-chair rules, which at least in theory, would make it easier for angry House Republicans to try to oust McCarthy from his leadership position.”

Adding the caveat that he is not predicting an imminent McCarthy ouster he added, “But if the scope of the Freedom Caucus’ discontent reaches a fever pitch, a hypothetical deal clears thanks to significant Democratic support, don’t be surprised if we all start hearing the phrase ‘vacate the chair” a lot more frequently.”

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Prosecutors Tell Trump They Have a Recording of Him and a Witness: Report



Prosecutors in Donald Trump’s Manhattan criminal trial have notified the ex-president’s attorneys they have a recording of him and a witness. The notification comes in the form of an automatic discovery form, CBS News reports, which “describes the nature of the charges against a defendant and a broad overview of the evidence that prosecutors will present at Trump’s preliminary hearing or at trial.”

CBS reports prosecutors have handed the recording over to Trump’s legal team.

It’s not known who the witness is, nor are any details known publicly about what the conversation entails, or even if it is just audio or if it includes video.

READ MORE: ‘Likely to Be Indicted Soon’: Trump Might Face Seven Different Felonies, Government Watchdog Says

According to the article’s author, CBS News’ Graham Kates, via Twitter, prosecutors say they also have recordings between two witnesses, a recording between a witness and a third party, and various recordings saved on a witness’s cell phones.

Trump is facing 34 felony counts in Manhattan District Attorney Alvin Bragg’s case related to his allegedly unlawful attempt to hide hush money payoffs to a well-known porn star by falsifying business records to protect his 2016 presidential campaign.

See the discovery form above or at this link.

Image via Shutterstock


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