Squawk on the Street
Adding to Gains, Mnuchin on the Small Business Loan Program Backlash, Southwest CEO on the Future of Airlines
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Show notes
Carl Quintanilla, Jim Cramer and David Faber breakdown the busiest week of earnings season. The major averages adding to yesterday's gains, heading for a 5-day win streak. Treasury Secretary Mnuchin says the government will perform a full audit on any company taking out more than $2 million from the small business loan program. The program has faced backlash after several public companies disclosed they had taken out loans. Plus, the CEO of Southwest on the companies earnings and the future of airline travel in the wake of COVID-19. Southwest's Gary Kelly telling the "Squawk on the Street" crew they can't sustain the cash burn indefinitely and the airline is looking at strategies based on different demand scenarios.
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