The Takeout with Major Garrett, 5/04/26

The Takeout with Major Garrett delivers a comprehensive news roundup on May 4, 2026, covering major national and international developments. The episode opens with the sudden collapse of Spirit Airlines, which filed for bankruptcy after a failed $500 million federal bailout, citing soaring fuel costs tied to the war in Iran. Thousands of travelers were stranded, and over 17,000 employees lost their jobs, sparking political finger-pointing between Democrats and Trump administration officials. CBS correspondents detail the ripple effects on airfares, with domestic prices up 20% and international fares surging by 37%, warning of potential industry consolidation. Meanwhile, U.S. forces are actively guiding ships through the Strait of Hormuz amid escalating tensions with Iran, which has attacked vessels and attempted to block the waterway. The Supreme Court temporarily restored access to mifepristone by mail, pausing a lower court ruling that threatened to ban the abortion drug’s remote distribution, highlighting ongoing legal battles over reproductive rights. In domestic politics, Harvard economist Roland Fryer proposes a mathematical formula to combat gerrymandering, arguing it would make elections more responsive to voter preferences. The political panel discusses President Trump’s record-low approval rating of 38%, with Republicans attributing inflation to the previous administration and Democrats criticizing Trump’s policies for worsening affordability. The episode closes with live coverage of the Met Gala, where fashion and politics collide as Jeff Bezos, the event’s sponsor, faces backlash, including a boycott by New York City’s mayor and public protests. The show ends with a nostalgic CBS radio clip of Babe Ruth from 1939, celebrating his legacy and love for the game.