Spirit Airlines Collapses, Trump Rejects Latest Iran Proposal, Kentucky Derby History: AM Update 5/4
5/4/202623 min
Spirit Airlines shuts down after years of financial strain and a blocked JetBlue merger during the Biden administration, canceling all flights overnight and stranding passengers as rivals step in to help. President Trump rejects Iran’s latest peace proposal, while launching “Project Freedom” to guide ships through the Strait of Hormuz amid rising tensions and surging gas prices. Senate candidate Mallory McMorrow of Michigan faces scrutiny over resurfaced tweets criticizing the Midwest and questions about voting in California. A historic Kentucky Derby sees long-shot Golden Tempo surge to victory, delivering the first win for a female trainer and a rare one-two finish for jockey brothers.
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First 90 secondsSpeaker 00:00
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Megyn Kelly· Host0:29
[upbeat music] Good morning, everyone. I'm Megan Kelly. It's Monday, May 4th, 2026, and this is your AM Update.
Pete Buttigieg· Soundbite0:38
There was a, a significant effort by President Trump and the administration to make it happen, but in the end, uh, a deal couldn't be reached.
Megyn Kelly· Host0:46
Spirit Airlines abruptly shutting down after years of financial troubles and a blocked merger by the Biden DOJ, canceling all flights and leaving passengers scrambling to get home. President Trump rejecting Iran's latest peace proposal while announcing the US will begin guiding ships to safely make it through the Strait of Hormuz.
Mallory McMorrow· Guest1:08
I tweeted normal things like a normal person, and people are desperate for authenticity.
Megyn Kelly· Host1:13
US Senate candidate from Michigan, Mallory McMorrow, facing scrutiny over resurfaced social media posts critical of working class voters and questions surrounding her voting record. And a Kentucky Derby for the history books. The first female