Credit Suisse Posts "Unacceptable" Loss After Archegos Scandal, First On: The CEOs of Southwest Airlines and Dow Inc., Earnings from Airlines to AT&T, and "Jeopardy" Guest Hosts: Who Is David Faber?
b'Carl Quintanilla, Jim Cramer and David Faber began the show by highlighting that "Jeopardy" has chosen David as one of the guest hosts to close out Season 37 of the legendary game show. On the corporate front: Credit Suisse shares took a hit after the bank reported losses related to the Archegos hedge fund scandal. The anchors reacted to comments from the CEO -- he called the losses "unacceptable" but insisted there is no risk culture problem at CS. A busy earnings calendar also in focus: American and Southwest among the airlines posting quarterly results. Southwest Chairman & CEO Gary Kelly appeared on the program to talk about the carrier\'s first quarter numbers, why he believes the worst may be over when it comes to weak travel demand amid the pandemic, the company\'s climate goals and why it\'s forecasting a lower cash burn rate. Dow Inc. CEO Jim Fitterling also came on the show to discuss his company\'s earnings and where COVID fits into the picture -- as well as Dow\'s recycling strategy when it comes to climate initiatives. The anchors took a closer look at AT&T -- one of the big earnings winners of the morning as the company added more wireless customers in Q1 than analysts had been expecting.'