DAL Misses On Earnings & SoftBank Sells BABA Shares

Delta Airlines (DAL) misses on earnings and projects strong summer travel. Renita Young discusses this as DAL's earnings were released today, April 13th postmarket. Its 1Q revenue came in at $12.76B versus an estimated $12.77B, while its 1Q adjusted EPS came in at $0.25 versus an estimated $0.31. She also talks about how SoftBank sold $7.2B worth of Alibaba (BABA) shares this year through prepaid forward contracts. SoftBank now has less than 4% ownership in BABA. Tune in to find out more about the stock market today.