Activist investor Elliott Investment Management on Tuesday acquired a 10 percent stake in Southwest Airlines -- enough to call a special meeting of shareholders. It came on the same day that stocks overall performed poorly. KRLD Business Analyst David Johnson breaks down what both events mean.

Photo: A Southwest Airlines plane takes off from Hollywood Burbank Airport as other Southwest planes are parked at their gates on July 25, 2024, in Burbank, California. (Photo by Mario Tama/Getty Images)