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Stocks on the move: American Airlines faces service cuts, Cisco falls on disappointing earnings

Yahoo Finance's Adam Shapiro breaks down the stocks to watch Thursday.

Video Transcript

ADAM SHAPIRO: Let's check some stocks on the move as we head into commercial break. First is American Airlines-- now, shares were up almost 2% at the opening bell. There's the news that's been breaking-- CNBC reporting that American Airlines will cut service to middle and smaller-sized cities after September 30 when the deals with the United States government in order to get some of the taxpayer-funded grants and loans expires. So there will be service cuts to smaller cities. American Airlines already looking at that.

The other thing that's going on with American is that-- and this is all the airlines-- TSA reported, remember, earlier this week, that last week had been the busiest level for air travel since the mid-March lockdowns began. Also, take a look at Cisco-- shares are down more than 10% at the opening bell. It was a disappointing earnings report that caused people to decide they had to sell off. We're going to take a look at those numbers when we come back.