Southwest CEO exams optimistic for Covid days after unmasked Senate listening to with different airline chiefs

Doug Parker, CEO of American Airlines, Gary Kelly, CEO of Southwest Airlines, and Scott Kirby, CEO of United Airlines, say during a Senate hearing on Commerce, Science and Transportation on Capitol Hill in Washington, DC on December 15 2021.

Chip Somodevilla | Swimming pool | Reuters

Southwest Airlines CEO Gary Kelly tested positive for Covid-19 after a Senate hearing with other airline chiefs earlier this week, the airline said on Friday.

Kelly, along with the CEOs of United Airlines and American Airlines, Delta Airlines” Chief of Operations and President of the largest flight attendant union in the country, testified personally for more than three hours At the Senate Commerce Committee hearing on Wednesday afternoon over $ 54 billion in federal payroll slips the airlines spent trying to get out of the pandemic. Witnesses and lawmakers did not wear masks during the hearing. Most of the other participants wore face masks.

“Although Gary tested negative several times before the Senate Commerce Committee hearing, he tested positive for COVID-19 after returning home, showing mild symptoms and a PCR test,” a Southwest spokeswoman said in a statement. “Gary is fine and is currently resting at home. He was fully vaccinated and received the booster earlier this year. Gary’s symptoms remain mild and he is getting closer to a full recovery each day.”

United boss Scott Kirby, who was Kelly’s left in the hearing, tested negative for Covid on Friday, according to a person familiar with the matter. American boss Doug Parker tested negative on Friday, a spokeswoman said.

Delta’s chief of operations, John Laughter, who testified at the hearing on Wednesday and sat two seats away from Kelly, tested negative on Thursday and Friday.

“He will continue to carry out tests and take other precautions if necessary,” the airline said in a statement.

To Laughter’s left sat Sara Nelson, President of the Association of Flight Attendants.

“I was advised by Gary Kelly shortly after he tested positive and, ironically, just as I was getting back to work after the booster,” she said in a statement. “I follow CDC protocols and will test multiple times within the recommended period of 5-7 days and before I go on vacation with my family.”

Senators questioned witnesses about recent flight disruptions, airline hiring issues, 5G, as well as vaccination and mask requirements.

When Senator Roger Wicker (R-Miss.) Asked airline CEOs during the hearing whether they assumed that passengers would not have to wear masks on board, Kelly promoted the effectiveness of the air filtration and circulation systems on board and said, “Me think the case is very strong that masks don’t add much to the air cabin environment. “

The Biden government has been requiring bus passengers to wear face masks since February, although airlines requested them in spring 2020 with the start of the pandemic. Earlier this month, the Biden government extended the mandate until March 18.

On Friday, Kelly softened his tone and said he supported the federal mandate.

During the hearing, “I mistook some for a short answer to a question about masks,” he wrote in a staff note in which he also disclosed his positive Covid result. “So, to be clear, me and Southwest and together with [U.S. airline lobbying group] Airlines for America are all coordinated and support the current federal mask mandate at airports and in airplanes.

“The majority of our employees and customers feel that it’s an important layer of protection, and I definitely agree,” he continued. “So we continue to rely on the advice of our medical experts about the need for masks. And I apologize for the confusion!”

Doug Parker, CEO of American Airlines, Gary Kelly, CEO of Southwest Airlines, Scott Kirby, CEO of United Airlines, John Laughter, executive vice president of Delta Air Lines, and Sara Nelson, international president of the Association of Flight Attendants-CWA, say before the Senate Committee on Commerce, Science, and Transportation in the Russell Senate Office Building on Capitol Hill in Washington, December 15, 2021.

Chip Somodevilla | Swimming pool | Reuters

American Airlines CEO Doug Parker said, “I agree,” immediately following Kelly’s response at the hearing, but the company issued a statement Thursday saying it would “approve of the comments made by other witnesses about the high quality of the Aircraft Cabin Air “agree and did not question the need for face masks on airplanes.”

Parker later posted a lengthy statement on his Instagram account saying the airline supported the mask mandate and that he “should have been more explicit in my answer to a question that misrepresented American’s position on the mask mandate has”.

Air travel is one of the industries hardest hit by the pandemic. In the meantime, demand has recovered, primarily thanks to domestic leisure travel. Delta and United executives announced this week that they are preparing Busy end of the year holiday season, despite the prevalence of the Omicron variant.

CVS, Lucid, Southwest Airways, Boeing, GameStop and extra

People walk past a CVS pharmacy store in the Manhattan neighborhood of New York City.

Shannon Stapleton | Reuters

Check out the companies that are making headlines in midday trading.

CVS The drugstore chain’s shares rose 3.8%, hitting a 52-week high, after the company said Sales will accelerate in the coming year. CVS will introduce new health services and pool its drugstore and insurance businesses.

Hormel foods – Hormel’s shares rose 5.7% after the food maker beat quarterly earnings estimates. The company posted earnings of 51 cents per share for the quarter, one cent above Refinitiv’s consensus forecast. Sales also exceeded Wall Street’s expectations.

RH Home furnishings retailer RH rose 9.6% after reporting above-average profits and revenues that exceeded forecasts. The company also raised the lower end of its sales forecast. Guggenheim also reiterated the share as the best idea say the “catalyst path remains intact”.

Rent the runway – Shares in the fashion rental platform fell by 3.5% in midday trading Losses widened in the third quartereven though sales are up 66% year over year. Amid investor concerns, Rent the Runway has not yet made a profit and the number of active subscribers has not recovered to pre-pandemic levels.

GameStop – The video game retailer saw shares fall more than 6% after the company reported losses that widened in the third fiscal quarter. The company announced that its net loss rose to $ 105.4 million, or $ 1.39 per share, from a loss of $ 18.8 million, or 29 cents per share, last year. The stock, which was once at the center of the meme stock mania, is still up more than 760% this year.

Clear group The electric vehicle startup’s shares rose more than 12% a day after the company announced a proposal $ 1.75 billion convertible bond. Lucid also recently announced that it has a Subpoena from the Securities and Exchange Commission “Requirement for certain documents to be presented in connection with an investigation.”

American Airlines, Boeing American Airlines shares were down nearly 1% after the company said it was Reduction of the flight plan next summer, because it is waiting for Boeing to deliver its 787 Dreamliners. Boeing also plans to compensate the airline. Boeing’s shares plummeted 1.7%.

Southwest Airlines – Southwest stocks fell. more than 3% after Jefferies has downgraded the airline’s stock, citing the persistent inflation that weighs on profitability. Jefferies lowered his rating on Southwest to keep buying and also cut his price target on the stock from $ 60 per share to $ 45 per share.

EVgo – EVgo shares rose 7.1% JPMorgan initiated reporting of the operator of fast charging services for overweight electric vehicles. “We expect the company to achieve above-average sales growth through rapidly increasing fleet acceptance and higher utilization,” noted JPMorgan.

Pfizer – Pfizer shares gained 2% Wells Fargo has started reporting of the stock with an overweight rating. The company said Pfizer’s Covid treatments were in place and could continue to grow the company’s sales in the years to come.

Sun run, Sunnova Solar company stocks plummeted despite JPMorgan naming stocks the top picks for the next year. Sunrun lost 3.8% while Sunnova lost 1.7%.

Solid strength – Shares in battery cell maker Solid Power for electric vehicles rose 6.4% at noon. The enterprise debuted on the Nasdaq Thursday morning after completing a transaction with a special acquisition company. Solid Power’s investors include Ford and BMW.

– CNBC’s Yun Li, Maggie Fitzgerald and Tanaya Macheel contributed to the coverage.

Southwest affords workers additional pay, frequent flyer miles to keep away from vacation journey disruptions

A bag handler pushes a bag near a Southwest Airlines plane at Hollywood Burbank Airport in Burbank, Calif., October 10, 2021.

Robyn Beck | AFP | Getty Images

Southwest Airlines On Saturday, its flight attendants offered new incentives to avoid further flight cancellations, especially during the main holiday season, amid staffing concerns, an internal memo said.

Southwest canceled more than 2,000 flights around Columbus Day weekend, disruptions the airline said cost it $ 75 million. American Airlines, which also offers flight attendants and other crews additional payment for vacation shifts, had to contend with mass cancellations of flights at the end of last month and also at the beginning of November.

Flight attendants, pilots and other operations staff could earn up to 120,000 Rapid Rewards points valued at more than $ 1,400. Flight attendants are entitled to work 36 days between November 15 and January 14, while cabin crews who work 28 days during that period could earn 60,000 points, the note said. Southwest said the number of qualifying shifts or days varies by work group.

The number of no-shows or unreachable flight attendants has risen recently, Southwest’s vice president of Sonya Lacore, vice president of in-flight operations, said in her message to cabin crew that was reviewed by CNBC. Sick calls have also increased when the company lifted emergency policies that required flight attendants to produce a medical certificate when they called sick. Lacore said, for example, when the airline last lifted these procedures on Nov. 9, two consecutive hours of sickness went from 20 to 90 an hour.

“We have a great opportunity here to maintain that commitment to you and her amid a difficult time for all of us,” wrote Lacore. “Our first step in addressing this and actively working to keep operations safe was to cut the schedule and we believe this incentive program will take us one more step in the right direction.”

The airline also offers ground operations workers triple pay for Thanksgiving and Christmas work, and double pay for overtime between November 17th and November 30th and December 17th through January 3rd. half salary.

The airlines had offered their employees early retirement packages and leave of absence to cut their labor costs during the pandemic, but were under staff shortages when demand picked up again this year. More flight attendants are returning from vacation to America and the Southwest, while these and other airlines are also aggressively hiring.

Southwest Airways’ October flight cancellations value provider $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, the United States, on October 11, 2021.

Joe Skipper | Reuters

Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost $ 75 million.

Southwest based in Dallas more than 2,000 flights canceled between October 8th and October 13th, with Florida bad weather, air traffic control and staff shortages being blamed for the problems.

The hit came from flight cancellations, customer refunds and “gestures of goodwill”.

The airline reported a profit of $ 446 million on Thursday.

“Our active (as opposed to inactive) and available staff fell short of the plan and, along with other factors, caused us to miss our operational performance targets for on-time performance, resulting in additional costs,” said Gary Kelly, CEO of Southwest. That, along with a surge in Covid-19 cases, resulted in a $ 300 million drop in sales, he said.

Here’s how Southwest performed compared to Wall Street expectations in the third quarter, based on Refinitiv average estimates:

  • Adjusted earnings per share: a loss of 23 cents versus an expected loss of 27 cents.
  • Total sales: $ 4.68 billion versus an expected $ 4.58 billion.

Southwest drops plan to place unvaccinated employees on unpaid go away

Travelers wait to check-in at the Southwest Airlines ticket booth at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland.

Kevin Dietsch | Getty Images

Southwest Airlines has abandoned a plan to put unvaccinated employees who have filed an application but have not received a religious or medical exemption on unpaid leave beyond a state deadline in December.

Southwest Airlines and American Airlines belong to the transport companies that are federal contractors and are subject to the Biden administrative obligation, against which their employees must be vaccinated Covid-19 until December 8th, unless exempted for medical or religious reasons. The rules for state contractors are stricter than this expected for large companies, which enables regular Covid tests as an alternative to a vaccination.

Executives of both airlines have been trying in the past few days to reassure employees about job security under the mandate and asking them to apply for exemptions if they cannot be vaccinated for medical or sincere religious beliefs. Airlines are expected to ask more questions about the mandate when the quarterly results are released on Thursday morning. Pilot unions tried to block the mandates or looked for alternatives such as regular tests.

Southwest’s Senior Vice President of Operations and Hospitality, Steve Goldberg, and Vice President and Chief People Officer Julie Weber, wrote to employees on Friday that if employees’ requests for an exception are not approved by December 8th, they will continue to work in accordance with the mask and spacing guidelines until the request has been verified.

The company gives employees until November 24 to complete their vaccinations or apply for an exemption. It will continue to pay them while the company reviews their requests, saying that it will allow the rejected individuals to continue working “while we coordinate with them on whether the requirements (vaccine or valid accommodation) are met”.

“This is a change from what was previously communicated. Initially, we communicated that these employees were taking unpaid leave and that is no longer the case,” they wrote on the CNBC-verified note.

Southwest confirmed the policy change, which comes just weeks before the deadline.

United Airlines implemented its own vaccine mandate in August, a month before the government rules were announced. United had told employees that if they were given exemptions, they would take unpaid leave. More than 96% of the employees are vaccinated. Some employees sued the company for unpaid leave, and a federal judge in Fort Worth, Texas has temporarily prevented the airline from proceeding with its plan.

American CEO Doug Parker met with union leaders Thursday to discuss vaccination exemptions.

American Airlines management “indicated that, contrary to United’s approach, they are looking for accommodations that allow employees to keep working,” said the Association of Professional Flight Attendants, the union that directs American flight attendants Airlines represents, in a notice to members Monday. “You have not given any information about what such accommodations might look like at that time.”

Hundreds of Southwest employees, customers and other protesters demonstrated against the vaccination mandate outside Southwest Airlines’ headquarters in Dallas on Monday, the Dallas Morning News reported.

An airline spokeswoman said the airline was aware of the demonstration.

“Southwest recognizes various positions regarding the Covid-19 vaccine and we always support and will continue to support the right of our employees to speak up by having open lines of communication to share problems and concerns” , she said.

Southwest’s Goldberg and Weber advised employees that if their application for exemption is denied, employees can reapply if the employee “has new information or circumstances that the company should consider”.

Southwest is demanding that new hires be vaccinated, as is American Airlines for new staff for mainline operations, spokesmen said.

Delta Airlines is also a federal contractor who is subject to state requirements but does not yet require vaccinations for staff. Last week the carrier reported that about 90% of the approximately 80,000 employees are vaccinated. In August, Delta announced that unvaccinated workers would start Pay $ 200 more a month for company health insurance in November.

Southwest Airways cancels 1,800 flights, blaming climate and staffing

Southwest Airlines This weekend, more than 1,800 flights were canceled, thousands of customers’ travel plans mixed up and flight crews stranded.

“I know this is incredibly difficult for all of you, and our customers are not happy,” said Alan Kasher, executive vice president of Daily Flight Operations, in a statement on Sunday viewed by CNBC.

The airline blamed bad weather and an “FAA-imposed air traffic management program” for the initial problems.

“Although we were staffed for the weekend, we could not foresee the significant disruption caused by unexpected ATC problems and bad weather at our Florida stations,” said Kasher.

Other airlines have canceled relatively few flights. Southwest did not comment on the inequality.

The Federal Aviation Administration said there were “several hours” of flight delays on Friday afternoon due to severe weather and staffing problems at the Jacksonville Air Route Traffic Control Center, which controls the airspace in five parts of Alabama, Georgia, Florida, North Carolina and South Carolina.

“No staff shortages have been reported to the FAA in air traffic since Friday,” said the FAA. “Some airlines continue to have scheduling problems due to out of seat aircraft and crews. Please contact the airlines for details on current flight schedules.”

Southwest’s top destinations, Denver, Baltimore, Dallas Love Field and Chicago Midway, were hardest hit by Sunday’s cancellations.

Southwest apologized to travelers for long customer service waits. The airline said in a statement that it is expected to get close to normal operations by Sunday, but disruptions worsened.

Southwest’s Kasher admitted to staff in his note on Sunday that some crew members were out of hotel rooms last night and said disruptions can arise quickly when flight crews reach contractual and state working limits.

“Right now is ours [network operations center] The teams are working to protect our crew network and prevent bad connections – both for our crews and for our customers – that would have an even bigger impact, ”he said. “And the teams are working to determine the best course of action to be the quickest way to reset our network. “

The Dallas-based airline canceled 1,019 flights on Sunday, 28% of its schedule, after canceling 808 flights on Saturday, according to flight tracking website FlightAware. American Airlines, which operates a major hub in Miami, has canceled 66 mainline flights, or 2% of its operations on Saturday and Fort Lauderdale, Florida, by comparison Spirit Airlines 32 flights canceled, 4% of the flight plan.

Staff shortages resulted in hundreds of cancellations at Southwest this summer. the The airline has cut its flight schedule after the summer to avoid further disturbances. Other airlines have also faced labor shortages after encouraging thousands to take or buy vacations at the height of the pandemic, only to have travel demand return faster than expected this summer.

“Although we made changes to the timetable by autumn, our route system has not fully recovered – that will take time,” said Kasher. He said the airline had fewer frequencies between major airports to reroute or rebook travelers. Southwest doesn’t have what is called the interline arrangement that major airlines like delta and American Travelers have to book with other airlines.

Southwest did not immediately comment on whether staffing shortages contributed to the cancellations this weekend.

The airline is struggling to hire new employees. New CEO Bob Jordan told CNBC last month that the airline was ready to cut flights during the spring break if it doesn’t have enough staff to support the operation.

The inequality between the operations of Southwest and other airlines fueled speculation on social media that employees called in sick, with some suspecting it was in protest of the vaccine mandate.

The Southwest Airlines Pilots Association, the Southwest pilots union, said, “We can say with confidence that our pilots are not participating in any formal or unofficial work-related activities.”

“Our pilots will continue to overcome poor planning by SWA management as well as any external operational challenges and remain the most productive pilots in the world,” it said.

Earlier on Saturday, the union noted that the company’s recent announcement that it would comply with the Biden government’s requirement that federal contractors commission Covid vaccinations for employees is adding to the distraction for airmen.

“Make no mistake – due to months of personnel problems and inefficient planning practices, we are working with a higher than normal operational risk,” the union’s safety committee told members in a post on Saturday.

It is said that reports of fatigue requiring pilots not to fly are triple historical norms.

“All of these challenges created an additional distraction in the cockpit,” it said. “The company’s announcement this week of the COVID-19 vaccine mandate only exacerbates the situation.”

On Friday, the union asked a federal court in Dallas to temporarily block implementation of the vaccine mandate as it was a unilateral decision and required negotiations with the union instead.

Southwest weighs schedule adjustments, apologizes to workers after complaints

A Southwest Airlines Boeing 737-7H4 jet rolls for the gate after landing at Midway International Airport in Chicago, Illinois on April 6, 2021.

Kamil Krzaczynski | AFP | Getty Images

Southwest Airlines Apologized to workers Friday after their unions complained about stressful schedules this summer, saying they would consider changing dates for later this year.

The airline has added more flights to its schedule compared to some of its competitors to take advantage of increasing travel demand.

The increase in bookings was a welcome change compared to “a year ago, but we have to be honest with ourselves: It also put a strain on our operations and put a heavy burden on you all. And I’m really sorry,” wrote COO Mike Van de Ven in an employee notice viewed by CNBC.

Staff shortages have exacerbated problems such as bad weather for some airlines this summer and contributed to flight cancellations and delays. Southwest had a 64% punctuality rate between June 1 and August 18, less than American, delta and United, according to information from Cirium.

Van de Ven said the airline is continuing to evaluate our fourth quarter flight schedules and we are seriously reviewing flight altitudes to ensure our flying matches the personnel required to operate in this more complicated COVID environment.

Southwest declined to comment, but TWU Local 556, which represents the airline’s flight attendants, told members late Friday that the airline had reversed its course of adding an additional 720 crew assignments to its September plans.

The Southwest Pilots Union said Thursday it was Consideration of picket lines at US airports over Thanksgiving and Christmas to protest over crowded schedules, a lack of hotels and dining options, and other issues. Flight attendants raised similar issues this week.

“We will not follow our traditional staffing models as we will reassess our current situation in October, November and December,” wrote Van de Ven. “You come first.

The airline said earlier this week that it was struggling to hire new staff and was offering bonuses worth about. at $ 300 for employee referrals.

Southwest “continues to invest in a very aggressive hiring plan, even on a reduced schedule,” said Van de Ven.

Earlier this month the company did cut its sales forecast, which blames the rapidly expanding Covid-19 Delta variant for a decline in bookings and an increase in cancellations.

In this week, Spirit Airlines said it will cut some of its flight schedules for the remainder of the third quarter after more than 2,800 cancellations cost the company approximately $ 50 million.

American, Southwest maintain off on alcohol gross sales after surge in unruly vacationers

A bird flies by in the foreground as a Southwest Airlines jet lands at McCarran International Airport in Las Vegas, Nevada on May 25, 2020.

Ethan Miller | Getty Images

Southwest Airlines and American Airlines said they are holding back from resuming alcoholic beverages service after a flight attendant was attacked and the industry grappled with a wave of others Incidents with passengers on board.

A southwest flight attendant sustained facial injuries and lost two teeth after being attacked by a passenger. This emerges from a letter dated May 24th to CEO Gary Kelly from Southwest flight attendants union president Lyn Montgomery. Between April 8 and May 15, there were 477 incidents of passenger misconduct on flights to the southwest, Montgomery wrote.

The airlines have slowly brought back a food snack and drink service that they had stopped early in the pandemic.

American Airlines said it will not sell alcoholic beverages in the main cabin until Sept. 13, when the federal mask mandate expires. Alcoholic beverages will continue to be offered in First and Business Class, but only during the flight.

“For the past week, some of these stressors have created deeply worrying situations on board aircraft,” said Brady Byrnes, executive director of flight operations at American, in a note to flight attendants. “Let me be clear: American Airlines does not tolerate attack or abuse of our crews.”

The Dallas-based Southwest had planned to resume alcohol sales in June for Hawaii flights and in July for longer domestic flights in the continental United States. A spokesman from the Southwest said there is currently “no schedule” for resumption of alcohol sales.

“If alcohol sales resume in this already volatile environment, you can certainly understand our concerns,” Montgomery wrote in the letter.

On Monday, one day after the incident aboard the Sacramento to San Diego flight, the Federal Aviation Administration announced that it had received approximately 2,500 reports of recalcitrant passenger behavior this year, approximately 1,900 cases of travelers refusing to do so Federal mask mandate to be followed during air travel.

The Biden Administration still requires that people wear face masks on airplanes, at the airport, on buses and trains until September 13th, despite the fact that the Centers for Disease Control and Prevention have done so relaxed guidelines for vaccinated people in other environments.

“We are also aware that alcohol can contribute to atypical behavior by customers on board, and we owe it to our crew not to aggravate what may already be a new and stressful situation for our customers,” said Byrnes.

Cramer’s Mad Cash Recap: Southwest, Nucor, Past Meat

The stock market is cyclical, Jim Cramer reminded his Mad Money viewers on Tuesday, and we have a lot of them in this market. In fact, there are almost too many mini bull markets to mention.

First up is the obvious bull market, the reopening of stocks. But this group is broad and encompasses everything from airlines and cruise lines to hotels, casinos, and more. Cramer’s favorites are Southwest Airlines ((LUV) – Get the report, Norwegian Cruise Line Holdings ((NCLH) – Get the report and Boeing ((BA) – Get the report.

If that weren’t enough, there are bull markets in agriculture like Deere & Co. ((OF) – Get the report told us on their conference call. Steel is also in demand at companies like Nucor ((Naked) – Get the report. And even insurance is popular at Centene ((CNC) – Get the report.

The Wall Street Bets crew is still betting on Beyond Meat ((BYND) – Get the report, a Cramer favorite, while overseas earnings improve results for many consumer and drug stocks.

Are you looking for more? Cramer said the house builders are still going strong with Lennar ((LENNAR) and Toll Brothers ((TOLL) – Get the report Joined retailers like Williams-Sonoma ((WSM) – Get the report and Home Depot ((HD) – Get the report. Speaking of retail, the mall is back to what Macy’s is all about ((M.) – Get the report a purchase. Cramer also recommended Target ((TGT) – Get the report.

Eventually, Cramer launched the bull market in semiconductor equipment. We need to make more chips, he said, and companies like Applied Materials ((AMAT) – Get the report can make that happen.

Cramer and the AAP team look at everything from revenue and politics to the Federal Reserve. Find out what they are saying to their investment club members and join the conversation in Action Alerts Plus.

Over for real money, Cramer explains why he believes the tech bull is not showing any signs of easing. He says, “Just like America runs on Dunkin, the stock market runs on cycles.”

State of the economy

In a special “State of the Economy” segment, Cramer welcomed US Secretary of Commerce Gina Raimondo to discuss the Biden administration’s plan to reduce America’s reliance on foreign-made semiconductors by building seven new domestic foundries.

Raimondo said the situation we are in today did not come about overnight. For decades, companies have opted for inexpensive labor and just-in-time inventory over US-made semiconductors. As a result, America’s share of chips has dropped from 37% to just 12%, with 0% of it being cutting edge technology. It is now a national security issue, she said, as well as economically critical.

Raimondo said the Biden plan is to split the seven facilities across several states to make the system more resilient. Not only are these foundries great for jobs, they will also increase the demand for math and science education and make America a leader in this important industry.

When asked if the plan has bipartisan support, Raimondo simply said, “We will do it.”

Off the charts: video game stocks

In the “Off The Charts” segment, Cramer asked his colleague Bob Lang whether video game stocks could continue roaring after the economy reopened.

Lang first looked at a Roblox daily ticket ((RBLX) – Get the reportwho just reported blowout profits. He noticed the steady pattern of higher highs and higher lows, indicating a healthy uptrend. He was also positive on the stock’s relative strength indicator (RSI), which confirmed that there is more room to run.

Next, Lang looked at a daily chart from Take-Two Interactive ((TTWO) – Get the report, another game maker that made little promises and exceeded its revenue. He said the strong move in stocks passed their moving average resistance and is now above the 50-day moving average on strong volume. He was also bullish on the MACD momentum indicator and the strong Chaikin Money Flow (CMF).

Finally Lang looked at Activision Blizzard ((ATVI) – Get the report, which lost momentum in February to rebound on a bullish W-pattern leading to new highs.

Executive decision: GrowGeneration

In his first “Executive Decision” segment, Cramer spoke to Darren Lampert, Co-Founder and CEO of GrowGeneration ((GROUP) – Get the report, the hydroponic retailer, up 5.7% on Tuesday as investors acknowledge the company’s significant growth. The company’s sales increased 485% over the past year.

According to Lampert, GrowGeneration is continuing its strategy of acquiring and revitalizing hydroponics retailers across the country. He said that every deal they make produces results instantly, with store sales skyrocketing as GrowGeneration adds its people, choices and service to the location.

GrowGeneration is about a lot more than just cannabis, Lampert added. Controlled environmental agriculture is growing in popularity across the country, and because it is so specialized and technology intensive, they see little competition. The company’s 500 “Grow Pros” know how to grow plants, Lampert said.

GrowGeneration is also benefiting from private label sales, which Lampert says will account for 10% of all sales later this year.

Lightning round

Here’s what Jim Cramer said about some of the stocks callers offered during Tuesday night’s Mad Money Lightning Round:

Sunnova Energy International ((NOVA) – Get the report: “I say you have to stay away. All of these stocks are falling.”

Alibaba ((BABA) – Get the report: “I think you should buy this one and put it away.”

BHP Billiton ((BHP ADR) : “I like BHP. It’s a great idea and a mosaic of what works now.”

Virtu Financial ((VIRT) – Get the report: “This is a very good financial company that should trade higher.”

JD.com ((JD) – Get the report: “This stock was very weak. It’s not as good as Alibaba.”

BJ’s wholesale club ((BJ) – Get the report: “I would wait for Costco ((COSTS) – Get the report report something. If they do well, you can buy these. “

Search Jim Cramer’s “Mad Money” trading recommendations with our exclusive offer “Mad Money” Stock Screener.

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At the time of publication, Cramers Action Alerts PLUS held a position in COST.

New purchasing facilities, leisure, and eating places; southwest valley developments anticipated to be prepared in 2022

LAS VEGAS (KLAS) – New shopping centers, offices and apartment complexes are being built in the southwestern part of the Las Vegas valley. There are several developments near the busy Durango Road and 215 driveways.

Community members 8 News Now joined in, saying it was exciting to see all of the growth in the area.

Large cranes can be seen from Durango and 215 as the construction workers build the “uncommons,” which include shopping, dining, and entertainment, as well as residential and office units.

“It’s fascinating; there are more shops and restaurants every time I’m here,” said David Belding, resident of the Southwest Valley. “My grandchildren love it here.”

The first phase of the uncommons should be completed by early 2022.

“I think it’s exciting,” said Andy St. John, resident of the Southwest Valley. “A great place to live; my daughter and I enjoy it. The southwest meets all of my needs.”

Real estate agents and development companies are noticing a growing interest in living space in the southwest valley. A new complex near 215 and Buffalo will house more than 600 families.

“I think it’s wonderful,” said David Belding, a resident of the Southwest Valley. “The more development here, the better, the better for everyone.”

While many people are excited, some residents want to see more city services to keep up with the rapid influx of families and traffic.

“It would be nice if we could get a signal over there,” said Suman Sharma, a resident of the southwest valley. “I’m happy to see the restaurants here, but it generates a lot of traffic which I’m not so happy about.”

“I think we need more and better schools to support this at this point, but we certainly have lots of parks and lots of places for children too,” said St. John.

Another major development in the area, The Bend, is still under construction. Shopping, dining, and entertainment can be found near Durango and Sunset.

At this point there is no set date for The Bend to open.