1 00:00:03,466 --> 00:00:09,100 OBSTRUCTION OF JUSTICE. 2 00:00:05,333 --> 00:00:11,266 >> DESPITE A SURGE OF COVID-19 3 00:00:07,266 --> 00:00:14,066 CASES UNITED AIRLINES IS ADDING 4 00:00:09,100 --> 00:00:15,933 HUNDREDS OF DOMESTIC FLIGHTS. 5 00:00:11,266 --> 00:00:20,800 MORNINGSTAR FOUNDER MAKES A HIGH 6 00:00:14,066 --> 00:00:24,900 PROFILE PURCHASE A HOTEL AND HOW 7 00:00:15,933 --> 00:00:25,300 SOON WILL YOU BE ABLE TO ORDER 8 00:00:20,800 --> 00:00:29,766 THE PLANT SANDWICH AT YOUR LOCAL 9 00:00:24,900 --> 00:00:33,200 McDONALD'S. 10 00:00:25,300 --> 00:00:34,933 HERE IS ANN DWYER. 11 00:00:29,766 --> 00:00:35,833 WE'VE GOT THE SKYROCKETING COVID 12 00:00:33,200 --> 00:00:37,133 CASES YET UNITED AIRLINES IS 13 00:00:34,933 --> 00:00:40,133 ADDING FLIGHTS. 14 00:00:35,833 --> 00:00:41,100 WHY IS THAT? 15 00:00:37,133 --> 00:00:42,133 >> FOR UNITED AIRLINES NORMAL 16 00:00:40,133 --> 00:00:43,933 CANNOT COME BACK SOON ENOUGH 17 00:00:41,100 --> 00:00:45,966 THEY HAVE SUFFERED. 18 00:00:42,133 --> 00:00:47,733 THEY ARE BETTING THAT AMERICANS 19 00:00:43,933 --> 00:00:49,766 FEEL THE SAME WAY AND THERE ARE 20 00:00:45,966 --> 00:00:50,133 ENOUGH OF THEM WHO WILL FEEL 21 00:00:47,733 --> 00:00:51,966 SAFE ENOUGH TO FLY AROUND THE 22 00:00:49,766 --> 00:00:54,766 HOLIDAYS. 23 00:00:50,133 --> 00:00:56,833 SO MUCH SO THAT UNITED ANNOUNCED 24 00:00:51,966 --> 00:00:58,633 TODAY THAT THEY ARE GOING TO ADD 25 00:00:54,766 --> 00:01:00,933 15% TO THEIR DOMESTIC CAPACITY 26 00:00:56,833 --> 00:01:03,233 AROUND THE HOLIDAYS TO 27 00:00:58,633 --> 00:01:04,800 ACCOMMODATE THE TRAVELERS. 28 00:01:00,933 --> 00:01:08,100 THE BIG QUESTION MARK IS WHETHER 29 00:01:03,233 --> 00:01:08,566 THIS COVID SPIKE WE ARE LIVING 30 00:01:04,800 --> 00:01:11,600 THROUGH IS GOING TO CONTINUE 31 00:01:08,100 --> 00:01:13,166 INTENSIFYING. 32 00:01:08,566 --> 00:01:15,600 IF IT DOES THE SLIGHT REBOUND IN 33 00:01:11,600 --> 00:01:18,966 TRAVEL DEMAND THAT WE'VE SEEN IN 34 00:01:13,166 --> 00:01:20,900 THE PAST FEW WEEKS IS NOT LIKELY 35 00:01:15,600 --> 00:01:22,833 TO BE LONG-LAST SNOOK REMIND US, 36 00:01:18,966 --> 00:01:24,833 IS UNITED PACKING FLIGHTS? 37 00:01:20,900 --> 00:01:28,200 >> THEY ARE REPORTING THAT 38 00:01:22,833 --> 00:01:28,600 DEMAND IS SIGNIFICANTLY UP. 39 00:01:24,833 --> 00:01:31,866 THEY HAVE HAD VERY GOOD WEEKS 40 00:01:28,200 --> 00:01:34,033 RECENTLY. 41 00:01:28,600 --> 00:01:36,166 AGAIN, WE'RE MEASURING AGAINST A 42 00:01:31,866 --> 00:01:38,966 POST COVID YARDSTICK WE ARE 43 00:01:34,033 --> 00:01:41,033 NOWHERE NEAR THE LEVELS OF 44 00:01:36,166 --> 00:01:42,900 TRAVEL DEMAND WE SAW PRECOVID. 45 00:01:38,966 --> 00:01:48,500 >> THE MORNINGSTAR FOUNDER, 46 00:01:41,033 --> 00:01:51,166 CHICAGOAN HE BOUGHT THE CHICAGO 47 00:01:42,900 --> 00:01:51,766 FIRE MLS TEAM NOW HE BOUGHT THE 48 00:01:48,500 --> 00:01:54,100 WALDORF ASTORIA IN CHICAGO FOR 49 00:01:51,166 --> 00:01:55,866 $54 MILLION. 50 00:01:51,766 --> 00:01:56,333 IS THAT A STEAL GIVEN THE 51 00:01:54,100 --> 00:01:58,366 PANDEMIC HAS DEPRESSED PRICES? 52 00:01:55,866 --> 00:02:01,033 >> IT IS. 53 00:01:56,333 --> 00:02:03,333 IT IS A BARGAIN BASEMENT PRICE 54 00:01:58,366 --> 00:02:08,466 WHEN YOU CONSIDER THAT IN 2015 55 00:02:01,033 --> 00:02:11,066 THAT SAME BUILDING TRADED HANDS 56 00:02:03,333 --> 00:02:12,733 FOR I BELIEVE $112 MILLION. 57 00:02:08,466 --> 00:02:15,866 SO IN JUST A FEW SHORT YEARS THE 58 00:02:11,066 --> 00:02:18,800 MARKET VALUE HAS PLUMMETTED. 59 00:02:12,733 --> 00:02:20,166 TO BE FAIR, WE SHOULD NOTE THAT 60 00:02:15,866 --> 00:02:22,466 THE WALDORF ASTORIA HAD ISSUES 61 00:02:18,800 --> 00:02:23,600 BEFORE COVID CAME ALONG. 62 00:02:20,166 --> 00:02:27,133 THE PREVIOUS OWNERS WERE LOADED 63 00:02:22,466 --> 00:02:28,466 DOWN WITH DEBT. 64 00:02:23,600 --> 00:02:29,266 SO WHEN THE COVID TRAVEL SLOW 65 00:02:27,133 --> 00:02:32,300 DOWN HIT THEY WERE HIT 66 00:02:28,466 --> 00:02:34,133 ESPECIALLY HARD. 67 00:02:29,266 --> 00:02:38,300 >> GLAD TO GET IT OFF THE BOOKS. 68 00:02:32,300 --> 00:02:41,333 LASTLY, McDONALD'S IS UPPING 69 00:02:34,133 --> 00:02:42,166 ITS GAME IN THE FAUX MEAT ARENA. 70 00:02:38,300 --> 00:02:43,900 TELL US WHAT TO EXPECT IN THAT 71 00:02:41,333 --> 00:02:45,466 REGARD? 72 00:02:42,166 --> 00:02:48,100 >> McDONALD'S EVERYBODY IN THE 73 00:02:43,900 --> 00:02:50,000 INDUSTRY HAS BEEN WATCHING 74 00:02:45,466 --> 00:02:51,000 WONDERING WHY IT'S TAKEN THEM SO 75 00:02:48,100 --> 00:02:54,433 LONG TO ANSWER BURGER KING'S 76 00:02:50,000 --> 00:02:56,933 IMPOSSIBLE WHOPPER. 77 00:02:51,000 --> 00:02:58,933 WHICH CAME TO MARKET MONTHS AGO. 78 00:02:54,433 --> 00:03:00,666 AND ACTUALLY NOW TODAY THEY DID 79 00:02:56,933 --> 00:03:03,433 DECIDE THEY ARE JUMPING INTO THE 80 00:02:58,933 --> 00:03:06,033 CATEGORY WITH BOTH FEET. 81 00:03:00,666 --> 00:03:06,400 IT IS A VERY, VERY FAST GROWING 82 00:03:03,433 --> 00:03:08,033 SECTOR IN THE FAST FOOD 83 00:03:06,033 --> 00:03:09,600 BUSINESS. 84 00:03:06,400 --> 00:03:12,833 THESE FAUX MEATS. 85 00:03:08,033 --> 00:03:15,133 McDONALD'S HAS LAUNCHED AN 86 00:03:09,600 --> 00:03:15,433 ENTIRE RANGE OF PLANT-BASED MENU 87 00:03:12,833 --> 00:03:16,266 ITEMS TO ANSWER THE BURGER KING 88 00:03:15,133 --> 00:03:18,766 CALL. 89 00:03:15,433 --> 00:03:20,066 AND AT THE SAME TIME THEY HAVE 90 00:03:16,266 --> 00:03:20,933 SAID THEY ARE NOT GOING TO TAKE 91 00:03:18,766 --> 00:03:24,466 THE CHICKEN COMPETITION LINE 92 00:03:20,066 --> 00:03:26,500 DOWN ANYMORE. 93 00:03:20,933 --> 00:03:28,733 THEY ARE GOING TO LAUNCH A NEW 94 00:03:24,466 --> 00:03:31,300 FRIED CHICKEN SANDWICH TO SEAL 95 00:03:26,500 --> 00:03:34,166 BACK MARKET SHARE THAT THEY LOST 96 00:03:28,733 --> 00:03:36,400 TO CHICK-FIL-A AND TO POPEYE'S 97 00:03:31,300 --> 00:03:38,266 BECAUSE THEY'VE BEEN SELLING SO 98 00:03:34,166 --> 00:03:40,200 MANY SANDWICHES THERE'S LINES 99 00:03:36,400 --> 00:03:41,400 AROUND THE DOOR AND McDONALD'S 100 00:03:38,266 --> 00:03:42,500 MISSED OUT ON A LOT OF THAT