the deal also includes an option to buy a further 20 planes from airbus. in more business, japan's nikkei index plunged by more than 5% in thursday trading. sharp sell-offs of the past week in tokyo has been causing jitters for investors. >> after weeks of record closings in markets around the world, many fear a big correction may be imminent. >> japan's economy has been rising to new heights after years of sluggish performance. investors have welcomed the new government pose a policy of spending and the central bank's easing of interest rates, which have sparked a return to growth. since the start of the year, the benchmark nikkei index has risen by 1/3, making it one of the top markets. but gains over the past month have largely been wiped out. with the nikkei falling by 15% in the past week alone. some traders have been selling their shares to cash in while prices are still high. other investors fear that central banks both at home and in the u.s., will soon begin raising interest rates. that would likely send global stocks tumbling further. >> taking a

the deal also includes an option to buy a further 20 planes from airbus. in more business, japan's nikkei index plunged by more than 5% in thursday trading. sharp sell-offs of the past week in tokyo has been causing jitters for investors. >> after weeks of record closings in markets around the world, many fear a big correction may be imminent. >> japan's economy has been rising to new heights after years of sluggish performance. investors have welcomed the new government pose a policy of spending and the central bank's easing of interest rates, which have sparked a return to growth. since the start of the year, the benchmark nikkei index has risen by 1/3, making it one of the top markets. but gains over the past month have largely been wiped out. with the nikkei falling by 15% in the past week alone. some traders have been selling their shares to cash in while prices are still high. other investors fear that central banks both at home and in the u.s., will soon begin raising interest rates. that would likely send global stocks tumbling further. >> taking a

largest independent denier and manufacturer of aero structures in the world supplying boeing and airbus sweet spot. what do you think of spirit aero systems? >> i like it. i remember when it spun off from wichita. it's a terrific company. i will tell you if you want both airbus and boeing, i'm going to send you back to what a previous caller said you didn't hear is honeywell. i think it represents better value. spirit i would never tell you to sell. go to greg in missouri. greg. >> caller: yes, yes. >> hit me. go ahead, greg, you are up. >> caller: yeah, i'm here. >> okay. good, why don't we talk stocks? >> caller: okay. jim, i want to thank you for your market expertise. it's a great help. >> thank you. >> caller: my stock is erickson air crane, ticker symbol eac. any price below $25 means i lose out of pocket capital. unfortunately, i have all my eggs in one basket. jim, should i sell or hold? >> well, it doesn't matter how good it is, we could be talking about the greatest stocks since stroehman's sliced bread. you cannot put your eggs in one basket. i do like ericson, it's down too

it's enough to buy 431 brand new airbus double-decker planes and parents use prepaid debit cards to teachs about financial responsibility but ryan mack says there are better ways to do that. >> spending money to use your own money but they don't necessarily fix your credit and it is expensive. >> if you don't have a checking account, look for a credit union in your area and check out smarterchoice.org or go to bankon.org. if you are willing to pay for it, go for it but know the fees and know every fee and consider your other options. you don't want to pay to use your own money. you're going to have to try to do whatever you can to avoid it. i'll be back at 2:00 p.m. eastern for a new edition of "your $$$$$." what about low income children? what about seniors? how about jobless americans? i'll look at america's experiment with ouausterity, wh is winning, who is losing and why. you can find me on twitter. @christineromans. "cnn saturday morning" continues right now. >> reporter: good morning, everyone. i'm randi kaye in boston. a windy boston this morning. it's 10:00 here on the east coast.

these pictures were taken by one of the 75 passengers on board the airbus 319. thankfully there were no injuries when the airplane was forced to make an emergency landing at heathrow. you can see where it ended up. an eyewitness and afterward described just what happened. this morning.p we started carrying out our area delivery. one of my colleagues pointed up to the sky. i turned around and had a look and could not see anything. they said they had seen a plane on fire. the clouds were quite low because it is raining heavily. then it came out of the clouds and you could see it was a british airways airplane. the right engine was on fire. flames coming out, all the way back to the tail. cap coming in and out of clouds. as we kept looking, it came back outside the clouds again and it started getting lower and lower and then from side to side. , even morek smoke than when we spotted it first. it started getting lower and lower. it went behind an apartment on the river thames. all we could see was a trail of black smoke. we panicked. we were in shock. should have go

airbus claimed she killed in self-defense after he attacked part of that was at least her third story of what happened. blimey that may murder on two masked intruder spiris. >> after all the lies you have told, why should we believe you now? >> catherine: becoming more graphic in regards to their sex life and abuse. catherine heenan kron 4 news. >> pam: new at 8-- a disturbing discovery in oakland. a mummified human skull found at a recycling center. police say, workers at california waste solutions, called them around nine- this morning to report the skull. authorities say, they are now working to determine an identity. >> number of investigators dental workers, the and and and try to identify this person. try to figure out where this person came from. >> pam: police say the skull was found among the recyclables. investigation. >> pam: major changes and a major surprise in oakland tonight.police chief howard jordan is stepping down. announcing he is taking a medical retirement. as kron 4's j.r. stone reports, the chief leaves the oakland police department at a time when the community

in that respect so far, the management of airbus has fared quite well.e clearly focused on profit improvement. working on the cost side of the operations and making sure that the very strong backlog translates into profit at the end. >> which is obviously the important thing in the end. this is a capital intensive business, right? that's got to play into the mix. >> yeah. clearly, today in that respect airbus is in quite a difficult situation. sure, they have been delivering a lot of aircraft, but on the one side, the s380 has not recovered fully from the quite issue the last year. this year, it will be catching up but not at full speed compared to the type of -- that could achieve. on the side of the air 350 which is the new program which is a very promising product, today we are at the stage of refiner assembly line. the slide is forecast for the summer and, obviously, the gas drain will remain. we have not averted to the market the aircraft which is not for this year. and in that respect, this is why eads is very cautious on the forecast and the run o

passenger managed to take a picture clearly showing a major malfunction of one of the engines the airbus was carrying seventy five passengers and flying to oslo but was forced to turn back shortly after takeoff. and a spectacular fire broke out in a fuel death row north of brazil's capital rio de janeiro at least one person a forty three year old man was killed in the inferno six giant fuel containers at the storage site ignited sending flames soaring up to fifty meters high forcing five fighters to evacuate nearby schools and houses according to officials the owner of the depo petra gold had lost its license to operate but continued working pending a court appeal. if you have access thirty minutes time next day people of l. is here with crossed on. paranoia and zero tolerance policies strikes yet again the latest in a string of children being punished for making gun noises or playing with toy guns involves a son of a us marine who had the audacity as a child to use his imagination and p. pretended his pencil was our gun banger children imitate what they see on every t.v. channel and in

and singapore airlines striking one of its largest aircraft orders with airbus and boeing.e order which is evenly split has a combined list price of more than $17 billion. singapore airlines becomes the first carrier officially to commit to boeing's 787 10x. and now we continue our "countdown to the closing bell" with lynn claman. liz: lynn? dennis? what did dennis -- lynn? >> liz, yeah. must have been a typo in the prompter or something. it must be somebody else's fault. [laughter] liz: i've been called jill a lot. people confuse -- thanks, dennis. a big day for corporate shopping, and right now we just want to let you know before we get to that story, we are well off session highs. remember the high, we were up more than 90 points for the dow jones industrials. buck see where we are right now, but let's find out where companies are when it comes to big buyout news. lauren simonetti at the new york stock exchange, she's got more details. >> reporter: hi, liz. don't worry, dennis always calls me nicole, so it's all good. shares that have been rocketing all day, nevada utili

we will take on boeing and airbus. that setback to liz at the global milken conference for more. ."song. joining us now in a fox business exclusive, the ceo and president. and i will tell you something, very few companies in the world take on the challenge of making both trains and planes. >> well, we like to think of ourselves as solving mobility solutions. mobility problems. so trains and planes, city's growing and more people wanted to connect. liz: let's get to the planes part of it. the c series is getting a lot of bias. why do i need to here about this? when i say here, i really mean that jet engines are much quieter. >> an airplane where we designed from scratch. we will bring 20 percent fuel efficiency. actually, 15 percent more efficient. so from our perspective this really brings a revolution in this category. chair able to offer something unique to the airline. liz: our the orders coming in? port airlines it's a nice little airline has ordered a few. >> porter is one of our customers. if we count the orders and options, we are about 300. we are about to fly in june. the f

like it because its exposure to airlines, not airlines but manufacturers of airplanes, boeing and airbus. as more manufacturers create airplanes, honeywell is completely levered to that. i see them as unique case. think they're going a lot higher than they are now..3 if you're talking about places where markets may be overvalued like telecom and utilities people bought those stocks for the wrong reasons. they have used them as bond alternatives and that i believe is a little bit frothy and could see a bit of weakness there. you saw it today, verizon and others had a weekday. i really believe that is where the frothyness occurs in the market. it is not in the industrial cyclicals or technology. those sectors have a long way to go. we're nowhere near the end of the run in these. lori: joe, i'm really interested in the sector rotation and great rotation i guess they call it out of bonds and into stocks. you saw interest rates climbing after big spike on jobs report, will we see a rise in interest rates rice sharp and dirty in interest rates? >> i don't know about sharp and dirty. i don't kn

the airbus landed safely and the 75 passengers and crew were evacuated. officials say three people suffered minor injuries. >>> you might call it a performance of a lifetime. coming up, how a hollywood actor became a bigger star than ever during brain surgery. >> and have you looked at your phone bill lately? what's being called a new sneaky fee. ,,,,,,,,,,,,,,,,,, surgery you think of the pat sedated and asleep. doctorst a >>> typically when you think of major surgery you think of the patient sedated, asleep. doctors at ucla recently performed a milestone brain surgery. amy johnson tells us what made this procedure hit just the right note. >> would i kill melinda. >> she was one of our best players. >> reporter: brad carter has made quite a name for himself in hollywood appearing in countless commercials and television shows including this shootout with actor gary sinese on "csi: new york" in last year's season finale. >> have it your way, man. [ gunshot ] >> reporter: but this may now be his biggest starring role playing guitar while undergoing a deep b

. >> off the wire, an airbus concorde crashes shortly after take-off, slamming into a hotel. >> it wasne from hell. absolute pandemonium. people were all around me shaking. we were all absolutely in shock. all we could see was a huge bonfire. >> immediately after the crash of air france flight 4590 outside of paris, aviation experts and investigators arrived to unearth clues from the smoldering wreckage. >> it was really a nightmare. i knew that the bodies were not there any more but death was everywhere. >> when the flight data and voice recorders are located, investigators take them in for analysis. >> the two recorders were not in excellent shape. especially the data recorder. initially we learned not much. slowly we began to make a scenario. >> the crash site is not the only place where investigators look for clues. >> the runway where the aircraft departed also becomes a focus. the streets of soot and fuel on the runway indicate a fuel leakage that could have fed the raging blaze. but how did the leak start? >> we found a part of the tank and small parts of the plane. we found als

aircrafts delivered from boeing and airbus over the past decade or so might come with the right technologyorities say 50% of their planes flying in the eastern part of canada can already use this texting system. air traffic controllers say the best benefit of texting while flying, believe it or not, is todayty. i -- safety. miscommunication is the biggest source of our traffic control errors and disasters, and apparently this texting service helps eliminate that or at least bring it down. so they're texting while flying an airplane. seems to be okay at the moment and a new trend. >>> let's talk about gold. what a trend it's seeing to the downside. for the past six sessions, gold has lost a total of 6%. shares dropping to the lowest level in nearly a month after a number of wall street heavyweights dimmed their stakes in the bright metal. is the gold rush over, or is now the time to buy? and if not now, at what price? we thought we'd ask commodity investor jim rogers, rogers' holdings chairman who actually called the fall several months before it happened, jim. how did you know? >> i watch

we used to like airbus last year and didn't like boeing if you went back a year ago but now boeing hasemand is there. we think you're going to head into some very nice free cash flow. david: if fuel prices stay low. doug, thanks for coming in. congratulations. one of our master stock-pickers. we appreciate it. liz: we will put his stock picks on our homepage. another company joins a list of potential acquirers. stay tuned. ♪ siemens. answers. david: hulu, we know you know it. the website where you get movies and stuff. it is owned by three different media giants. reports are it could get investments from another. the question is whether this is good thing. liz: dennis kneale joins us. jack-of-all-trades. get to hulu. >> a sign of love or aversion. reports say a new bidder for hulu website has emerged, time warner cable. "wall street journal" says a second big pay-tv giant may be key on hulu. they may be only interested in buying a stake at hulu. they already have a hard time serving three rival owners, fox, abc and nbc. another chef in the kitchen to be disruptive. hulu is hottie. reve

you do have the airbus, and i'm curious if you're concerned about the age of the fleet. not reallyt now? worried about it because our average airplane lease is 12 years old, and 12 years is still pretty young for an airplane, and our average fleet age is under five years old. our average plane is only about four-and-a-half years old. we've been taking brand new airplanes, and the planes are getting retired at their 12th year, so the come by nation -- combination is going to keep spirit a young and fuel-efficient fleet which is important. cheryl: all right, ben, certainly one of the ways you've been making all that extra cash has been those fees. there's been a lot of controversial when it comes to those extra fees, but $100 to check a bag, do you worry at all about traveler backlash? it's not just you, it's every airline. are you worried about backlash, all of a sudden the consumer's going to say enough is enough of the nickel and the diming? >> well, you know, we don't see it as nickel and diming, and the reason we don't think we're going to see backlash is we look at w

there is the picture of the airbus carrying 80 passengers and crew.e plane captured this video. the damage engine cover. the pilot turned the flight around immediately and made an emergency landing. passengers had to be evacuated down the slides as a precaution. three people treated for minor injuries. but everyone is okay. they actually shut down the airport for a while, too. >> glad everyone is okay. >>> one of the heroes from monday's tornado in moore, oklahoma is out of the hospital this morning. doctors were worried that jennifer, a third grade teacher would never walk again. she was injured shielding students during the tornado but she was able to walk yesterday. >> take that first step was just -- oh. >> 24 people including 10 children were killed by that tornado. >> she saved lives of a lot of kids. >> she did. >>> 6:44. we have a birthday weekend, we have a holiday weekend. pressure is on. >> pressure is on this weekend. kind of a 50/50 weekend. sorry about that. >> by the way, it's a week-long celebration. >> thank you! >> just getting going

eads, parent of airbus, it looks like there is very little availability for new planes, out a couple years, maybe, which means you won't be seeing upstarts entering the market to compete with the usairways, amr behemoth any time soon. in the meantime, oil is plenty enough that jet fuel is staying tame, another key ingredient in this combined company. slap-happy oligopoly, here we come. boy my arms are tired. last week i fretted about froth, i said we need to see a return to the market's old leadership, generals, maybe the biotechs. sure enough, we cycled back to the four horsemen of biotech. now all these names have had huge runs, but i think they can work still higher. if you missed the move here, it's not too late to buy the stock of quintiles, the arms dealer to the biotechs. buy, buy, buy! and big pharma companies i mentioned last night. the letter q, like q in the old bond films, that's the symbol, does the experiment to develop new weapons against disease. and the stock remains very undervalued versus the orders it's about to receive, as well the reputation built as the best ou

and eight nap billion dollar order with airbus. the subsidiary, 18320 customer jets.er reports. brands from target and walmart fare the best overall. skin cancer is the most common type. and that's the latest from the fox business network covering giving you the power prosper. i want to make things more secure. whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to webosting to mobile apps,mall business solutions from at&t have the security you need to get you there. call us. we can show yo hoat&tolutions can help you do what you do... evenetter. ♪ ♪ cheryl: tense, stressed out, a journalist, feel like getting a little massage, it is possible now, the same date. joining me now, ceo. and first and foremost, you wer the ceo and the co-founder sold in 2007. you believe that they go together. >> absolutely. i don't have to tell you and your audience we are in the midst of a mobile revolution. the smart phone with this gps ca

just minutes after lifting off the british airways airbus was belching smoke. the right engine on fire after some kind of technical fault. up in the air david gallagher took this frightening photo, the engine exposed. >> maybe five minutes after takeoff there was a loud popping sound. not really an explosion but definitely not normal takeoff sound and i looked out the left window and i could see the cover had blown off the left engine. >> reporter: the plane banked around, the pilot quickly made an emergency landing flying low over london rooftops, the passengers evacuateded and police and firefighters rushed to the plane. ton seriously injured. the plane had to be towed away. the left engine still exposed and just minutes ago david gallagher tweeted one last photo watching coverage of his own emergency landing. >> i've been in close calls before but nothing like this. >> reporter: and this left behind an absolute travel mess. b.a. told us dozens of flights delayed or canceled. lots of flights have been diverted to other airports but the 75 people on that fligh

. >>> singapore airlines struck multibillion dollars deals with jet making rivals boeing and airbus.bined aircraft orders are the largest in the carrier's history. singapore airlines is also the first carrier to officially commit to boeing's 787-10 x. >> foreclosure sales fell sharply in the first quarter to the lowest level since 2008. according to realtytrac, sales dropped 23% from the same time last year. rising home prices are, tighter inventory and low mortgage rates have helped the housing market get back to its feet over the past year. that is the latest from the fox business network, giving you the power to prosper. lori: in the aftermath of a series of high-profile battles with major companies proxy solicitation firms now find themselves in the spotlight. here's charlie gasparino with more. >> spotlight, investigations, kind of interesting. these are the firms that generally turn up heat on companies like jpmorgan, advising investors whether they should split the chairman and ceo role. jamie dimon won that battle, recently, won overwhelmingly. looks like proxy solicitation f

so that's very good fwor boeing long-term, good for airbus, the industry, as a whole been. >> peter, come here on the show, u.s. markets closing out the week with another record high last week leaving some investors looking for a correction. the next guest saying appears should stay away until at least july. raymond james joins us in a moment. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>> hi, everybody. i'm louisa bojesen. you are watching "worldwide exchange." getting you your headlines from around the world, yahoo! is expanding its foot print in social media. cnbc confirming with a source close to the deal that the internet giant is scooping up one of the hottest sites on t

. >> this was an airbus jet, so i assume they're going to be inspecting the entire fleet of these kindshat, wolf. i think they've got to work out, first of all, what happened. was it unique to the cowlings and to the engines on this particular plane. either because of a failure of maintenance, or because of an engineering fault. but bearing in mind, this plane's 12 years old and the engines are many years old. and they're way, way, reliable, tested. this is not new technology by any stretch of the imagination. hundreds of these engines are around. so i'm guessing before there would be any wide investigation, the authorities, the aaib, will grab this engine and really drill down to find out, was it manufacturing or was it a work of maintenance error. >> richard quest in london for us, as usual, thanks very much, richard. >>> happening now, breaking news. desperate cries for help as the tornado hit. stand by for the dramatic 911 phone calls that have just been released to cnn. >>> a firsthand account of a terrifying bridge collapse that plunged cars into the water. a witness joins us alon

passenger jetmaker airbus of course raising its most profitable plain output. had some weakness in the helicopter division, but investors like what they heard this morning. up 1.8% this morning, as well. and we had an auction out today from spain. a t-bill auction, but it was the sense of lower yields at auction in may than we had in april. ten-year spanish yields up 4.293%. italian yields have come back down. we have the zew investor sentiment survey out of germany. a little weaker than we had expected. that's it. that's where we stand. really a medium private price level action as we go towards the levels. >> it sounds like a meh price level action right? neither here nor there. >> these taking on this sort of whole american thing. >> is that what that was? >> people are already writing in. >> no, i'm getting people writing in saying tell joe to shut it, that the aussie accent is who i am. >> part of your charm. >> there you go. >> i saw that one, too. it was included on there. tell at joesquawk to shut it. >> thanks, ross. >> i was looking to see his other t

we will talk about everything from boeing to airbus. and later this morning, don't miss yahoo!' marissa mayer and tumblr's ceo david karp. that's coming up at 10:00 eastern. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> welcome back, everyone. for viewers just waking up this morning, we want to bring you up po speed on the situation in oklahoma. a tornado killing at least 51 people, including 20 children, officials are warning that the death toll is certain to rise significantly and mak

when the airbus headed to a different taxiway, its wing clipped the express jet's tail.january, two boeing 777s clipped wings at washington's dulles airport. two years ago, an air france operated a-380 super jumbo jet, the biggest commercial airliner in the world, clipped the tail of a regional jet at jfk airport, spinning the smaller plane like a toy. no one was injured in either collision. >> it's the inability of the pilot to accurately judge the distance all the way out to the wing tip. pilots taxi airplanes frequently, but when you have a lot of airplanes and it's at night, it's hard to judge something that far from you. >> reporter: scandinavian air released a statement saying, "the winglet, the very, very tip of the wing was damaged, and is being removed." while a representative from express jet said, "express jet is working in coordination with officials to determine the cause." neither plane could take off, of course. both returned to the gate. passengers were rebooked on to other planes. while the u.s. has not had a serious commercial plane crash in more than f