Cutting the Line? American Airlines Says, ‘Not Today’

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning! Today is Thursday, November 21st. I'm Julie Morgan. Early borders are getting buzzed on American Airlines, and no, I don't mean tipsy. Australia means business when it comes to social media, and President Biden wants to forgive more than $4 billion in Ukraine debt.

American Airlines is rolling out new software to more airports that will deter passengers from cutting in line while boarding ahead of the busy holiday season. If a customer bores before their assigned group is called, the new software will not accept the boarding pass and instead make an audible sound to alert the gate agent and customer that the group has not yet been called. In these instances, the American Airlines team member will invite the customer to rejoin the line when their boarding group is called.

The technology is being rolled out to more than 100 airports, including the world's busiest airport in Atlanta. More airports will get it in the coming months. American Airlines tested the software over the last month at Albuquerque International Sunport, Reagan National in Washington, and Tucson International Airport.

to gain insights on ways to improve the boarding process. American Senior Vice President of Airport Operations said the initial positive response from customers and team members has exceeded their expectations.

Australia is taking aim at the danger of social media poses for kids, introducing legislation that would ban children younger than 16 from accessing platforms like TikTok, Facebook and Instagram, Snapchat, Reddit and X. The law, which is expected to be passed by the end of the year, will make platforms responsible for not taking reasonable steps in preventing kids from holding social media accounts.

Any systemic failures can result in fines up to $32.5 million. Will there be exemptions for cases of parental consent? Our online gaming platforms included, and what does this mean for Google's YouTube? We're taking a deeper dive into this topic in the Wall Street Breakfast newsletter, our daily one-page news summary. You can find a link to sign up for the newsletter in show notes.

The Biden administration has moved to cancel $4.65 billion in debt owed by Ukraine, half of a $9.4 billion loan that the U.S. provided. The loan was part of a $60 billion military aid package approved by Congress in April. Republican Senator Rand Paul of Kentucky sought to block the loan forgiveness, but Congress voted against his resolution.

Reuters reported that President Biden directed U.S. officials to rush as much support as possible to keep before his term ends in January, as Trump has been critical of U.S. aid to Ukraine. Secretary of State Antony Blinken on Wednesday said the U.S. is providing another package of weapons and equipment to Ukraine, valued at $275 million. This includes anti-personnel landmines and nuclear protective gear.

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That's 20% off premium news and analysis, 20% off alpha picks, 20% off Seeking Alpha Pro and 20% off all our investing groups. Head on over to SeekingAlpha.com for more info. I have a few other articles that I'd like to share with you that you can find on Seeking Alpha. The CEO of Boeing tells employees that the aviation giant cannot afford another mistake. We have a list of the private prison stocks that have soared on Trump's mass deportation plan.

And the real real is seen as one of the bigger AI beneficiaries in the e-commerce sector. On our Catalyst Watch for the Day, there's a very busy day of investor events headlined by Procter & Gamble's Investor Day. Other companies holding Investor Day events include Paycore HCM, it's their first ever Investor Day, Procore Technologies, Kendrel Holdings, and GE Healthcare Technologies.

And the Los Angeles Auto Show will begin. Porsche, Hyundai and Kia will hold press conferences on the first day. Fiat, Ford Motor, Hyundai, Kia, Porsche and Volkswagen all have new models being unveiled during the week-long event.

Now for a look at the markets today as of 6am, ahead of the opening bell today, Dow, S&P and NASDAQ futures are in the red. Crude oil is up 1.7% at 69 dollars a barrel. Bitcoin is up 4.6% at 97,000. In the world markets, the FTSE 100 is up 0.1% and the DAX is down 0.2%.

Snowflake is on our list of the biggest movers of the day pre-market. Snow is up 20 percent following its Q3 earnings beat, highlighted by nearly 30 percent year over year growth in product revenue.

On today's economic calendar, at 10 a.m., existing home sales at 12.25 p.m., the Fed's Austin Guelsby will participate in a moderated Q&A session before the Central Indiana Corporate Partnership. And at 12.30 p.m., the Fed's Beth Hammock will participate in a conversation before the 2024 Financial Stability Conference.

That's it for today's Wall Street Breakfast. Thanks for listening. I'm Julie Morgan. Go out and make it a great day.