Wall Street Lunch: California Bill Takes Aim At Clear Secure [Seeking Alpha]
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GM reports higher-than-expected Q1 earnings, UPS and PepsiCo also release earnings reports. Apple prepares for product launch event. Stocks and bonds are in a correction that isn't done - J.P. Morgan. Listen below or on the go on Apple Podcasts and Spotify State Senator's bill would ban Clear Secure from security areas across the state. (0:16) GM handily beats earnings forecasts. (2:33) Apple sets special event for May 7 This is an abridged transcript of the podcast. Our top story so far No cuts in California? State Senator Josh Newman is sponsoring a bill that would ban Clear Secure NYSE: YOU ) from airport security areas across the state as the company's concierge service creates a “basic equity issue” that lets wealthier travelers bypass long security lines for a $189/year subscription. The Democratic Senator said, “It's about dignity in the travel experience of people who don't have money to pay for upsell services.” Clear provides expedited security screenings
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