one person for example said, i'm no longer a boeing engineer, i am an engineer who works for boeing. they are pulling back and investing in the profession. we thought that was a fairly significant change. you can be an engineer for another company, not tied to boeing per se. those are important findings we found with people's adaptation to the merger. >> something that should be clarified is the footprint boeing had is becoming smaller. in several ways. one is it outsourced a lot more than it used to especially on the new plane, the 787 which is a new way of designing and building a plane that had lots of foreigners from all over the world, going to take the risk and costs of producing this new plane, thinking financially, we don't have to bear the burden, creating a new airplane is very expensive. we will share it with lots of other people. they were warned by people in the company, cause a lot of problems, 31/2 year delay on the plane and something like $28 billion to $30 billion, they spends more than they planned, they have a whole to dig out of. the plane is out and doing well b

so far in 2017, it's boeing. boeing by a mile the aircraft maker is up more than 50% year-to-date.ond place, apple up 39% and while boeing has been doing really well all year, it's taken off over the past month thanks to the fabulous quarter the company reported last week boeing had a 25 cent earning base, and the stock caught not one, two, three, four, but five analyst upgrades in the wake of the report five that's how the stock rallied nearly 10% in a single day while i still like boeing very much, all this begs the question, how the heck did so many analysts miss this one? why didn't these highly paid professionals, the analysts, money managers, see this one coming what caused them to underestimate this perhaps the greatest american manufacturer let's set the stage. while boeing has been roaring, it seemed to lose its mojo in 2015 and 2016. investors started worrying about the slowdown in china. even when those concerns abated, it took a while to regain wall street's trust the company's long-time ceo and uber cramer fav jim mcnerney retired march 1 of last year what timing, huh

so one person for example said i'm no longer a boeing engineer, i'm an engineer who works for boeing. they're pulling back from the company and investing in their profession. and again, we thought that was a very late significant change because you can go be an engineer then for another company. it's not as tied to boeing per se though those are important findings that we found with peoples vocation to the merger. >> i think something that should be clarified is that the footprint that boeing has in the puget sound region is becoming smaller. in several ways. one is that it's outsourced a lot more than it used to. especially on the new plane, the 787 which was a completely new way of designing and building a plane that had lots of partners from all over the world that were going to take the risk and the cost of producing this new plane, that boeing fought against financially, hey, we don't have to bear the burden because we are creating a new airplane is very expensive. were going to share it with lots of other people. unfortunately, they were worn by people inside the company that ca

john harwood in washington. >>> still ahead, boeing is flying high. >> i'm phil la beau at the boeing plant in washington. why is it the best component of the dow this year? we'll explain what's lifting the company to new heights when "nightly business report >>> which stock helped lift the blue chip stock index to new highs? boeing. shares have climbed more than 50% this year. a big reason for that increase is boeing's rising profitability in its commercial airplane division. phil la beau reports from the assembly line in washington. >> reporter: the pieces are coming together in boeing's push to build and deliver more planes. now cranking out new 737s faster than ever after building 42 a month earlier this year, boeing has raised production by five per month and will increase it another ten per month over the next two years. >> what it's really about is flow management. for instance if we have to push the airplanes out quicker then how do we sequence the jobs for the mechanics and the engineers to assure they've got the right tools, the right parts, the right paper to make sure they

boe cutting its income growth forecast. of japan, average wages falling in june for the first drop in 13 months. japanese stocks easing losses, down .3%, but falling for a second day. auto companies rising. weakness thatlar rish highlighted, lifting asian currencies. the dollar falling against all g10 currencies. the aussie dollar climbing ahead of the rba policy statement as well as retail sales growth. it is easing today's gains today. falling for a third straight session, moves down under. 12.5%.rising retail stocks next the head of retail sales data. , myers forlers example, falling. amazon sang it has picked melbourne for its first warehouse. anxious ahead of amazon's entry there. commonwealth bank falling 2% and dragging the most in terms of points, falling as it gets hit by a money laundering scandal. , dbsck on singapore stocks and singapore posts after results. noble group falling 1.3% after the latest assault by short seller iceberg, which is said noble is destined to fail. noble group shares have fallen over 90%

that was huge, it had a profound impact on travel and subsequently on boeing. there was quite a bit of downsizing following 9/11, that was part of our study. >> there was a surprising response from the merger from engineers who had a fairly easy-going union. time -- it was the -- it is very unusual for that kind of employee to go on strike. it was the largest white-collar strike in american history. 2000 and on strike in a lot of the strike was about what they thought was respect, that they weren't being respected by the company for their expertise and their skills. that was a very clear message that the culture had affected that important element of the company, probably the most important element in terms of the people who design and ensure the safety of the airplane. they were a couple of strikes from the machinists union, the international association of machinists. the local went on strike twice after the merger. sense, the boeing company said they went to south carolina to some extent because of south carolina. there were three strikes, three significant

francine: on to the boe.ast year, in the wake of the brexit vote, the bank of england cut rates. talk of a rate hike is in the air, but the hawks are expected to be in the minority again when their latest decision is released at midday london time. policymakers will probably downgrade forecasts for 2017 growth. us.a joins what exactly are we expecting? it seems the market is expecting no change in terms of race, but a change in forecasting inflation and growth. francine.t's right, the consensus is we are going to get a vote in favor of keeping rates unchanged. in june, the boe surprised the markets with a 5-3 vote. dissenter,orbes, a is left the bank of england. her replacement's policies are not known to well, but she is not expected to go against the trend in first time voting. morgan stanley, goldman sachs thinking we could see 5-3 because of one of the votes that could turn into a surprise hot. -- hawk. then you have the outlier calls predicting a surprise rate hike. the consensus calls are predicting a 6

. >>> and boeing's stock surge as it ramps up plane production we'll go inside a boeing manufacturingrst, breaking economic data coming across the tape at the top of the hour. let's get to rick santelli in chicago. rick >> up 1.5%, making it the best read since june of 2015. that's a pretty good number. over two years with regard to a month-over-month percentage change that large. we have an august read for national association of home builders their housing market index for that, we head east to diana oleck and sara. >> four points in august for the highest level since may. national association of home builders, wells fargo index stands at 68 anything over 50 is considered positive builders say they're seeing stronger demand from buyers and chairman mcdonald says that's due to job and economic growth, low mortgage rates and growing consumer confidence. also due to a severe shortage of existing homes for sale. new construction comes at a premium, builders are starting to strip down some homes in an effort to meet entry-level buyer. growing demand may also be getting some juice from th

private space actors like --ce act, and also boeing, spacex, and also boeing, are playing a growing role in the program. andoon as next year, spacex boeing will be transporting astronauts to them from the international space station. on the privates for so-called routine space activities. that we nasa can focus more on next version. you see the nasa program going over the next 10 years? >> i think you will see continuation of the current strategy, of handing over more activities to the private sector, and developing some of the key technologies for going to the moon or mars. exactly when we will go to those places, and how we will go, remains to be determined. but we will see more of a transition by private companies in earth orbit. >> take us back to the budget process, for a minute. it has passed the subcommittee in the senate. in congress returns september, they have to get a budget done by the end of the month. where do you think that budget number will land, when it is all said and done? itthe house may ask what calls a combination of several appropriations bills, that would include

what should you do first boeing and general electric boeing adding 45 brmd in m$45 bn market cap andeneral electric shedding nearly 60 w$60 billion in marke cap. phil lebeau is in renton, washington phil, tell us about this ramp up >> east all about the execution. and we'll talk about the 737 in a little bit but first there a trifecta of good news. the company said that it was going to have operating margins north of 10% at the same time, it's expecting to grove its cash flow not just for this year, but over the next couple of years and it raised its earnings guidance for awful 2017 thousand abo now about the 37 they are in the midst of a dramatic increase in monthly production of it's monday popular plane. earlier they were building 42 a month. now they are building 47 a month. and next year they will go up to 52 per month and then in 2019, it will be at 57 per month how are they doing that? a little bit by trimming their payroll, getting greater efficiency from their workers, and adding in more automation. in fact we talked with one of the executives here, he said if we didn't have

boeing is one of the perfect political settings for challenging donald trump. right from the heart of american capitalism. the way a republican would want to challenge donald trump for the next presidential nomination. speakers of the house do not do what paul ryan did today. this is not in the job description. they don't go around making presidential campaign-style appearances at factories around the country. they make public appearances in their district and they tend to make private appearances everywhere else. the way paul ryan did the last time that he visited seattle, which was when he was the republican vice presidential candidate for president. and even as a vice presidential candidate for president, paul ryan did not make a public appearance in seattle. he appeared at two private fund-raisers in private homes. what paul ryan did today is what donald trump likes to call very presidential. paul ryan is clearly delivering the image of an alternative to donald trump to the future republican delegates of the next republican convention. listen to his answer

we'll bring you the boe rate decision and mark carney's press conference live. that's with gemma and myself as you can see on your screens. >>> the ecb has lowered the emergency funding cap for greek banks. the bank of greece and domestic banks can draw up to 38.9 billion ewe euros in emergency liquidity. >>> do e-mail the show, e-mail us questions, comments on anything that you're seeing here the address is streetsignseurope@cnbc.com you can find us on twitter, streetsignseurope@cnbc and tweet me directly, @carolincnbc. >>> still ahead, scuffles break out on the floor of the brazilian congress as lawmakers vote on the future of the country's president. we'll bring you the details after this short break these days families want to be connected 24/7. that's why at comcast we're continuing to make our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that

. >>> interesting flight pattern by boeing tonight facing a by boeing tonight facing a little backlash. at at&t, we believe in access. by boeing tonight facing a little backlash. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. >>> remarkable change. today the last of the old vessels that were rusting at anchor and filled with toxic chemicals is getting ready for disposal. >> eric thomas reports. >> reporter: in her service life, the cargo ship carried bullets and bombs to vietnam and to the first gulf war. today crews were preparing to ship for her final mission. >> it was a long time coming to get to this point. >> reporter: as early as tomorrow, crews will begin towing the cape boarda for dismantling, the la

a lot of that, though in dow's case, has been boeing. >> boeing is the new thing it's really incredible y had some laughs this week where i read boeing, sell to hold this was, to me, the biggest cap stock that had sales on it not netflix, not tesla, but boeing there was a moment where one of the analysts said is it as really as good as the cash flow real not only is it real but it's spectacular. i really do think there was kind of a misdirection play a lot of people felt boeing could be like, say, some of the -- like a ge and it wasn't. >> how do you miss boeing, though seems to me their business is one that you contract very well. >> they missed the dreamliner. they missed the share from airbus, they missed orders from all different parts of the world. those guys really have to rethink. a couple of guys had it but oh, my, that thing is up on the back of shorts. nrg, short squeeze they got it together scripps was a takeover freeport and netflix, i don't know, combination of "house of cards," "stranger things," some of that foreign stuff. >> some wondered what earnings season would feel

what is boeing doing to try to meet that request?understood it, the 747 is going out of production as a passenger plane. >> it's not officially out of production yet, but they don't make many of them. they have production basically to a crawl what we reported yesterday afternoon is boeing and the air force are close to a deal where they will have two new air force ones remember, back in december president trump said this is an outrageous deal, $4 billion, cancel the contract. well, they're close to an agreement. basically they would take two 747-8 planes that were already built, but never shipped off to the customer they're parked out in the desert in california. guess who was the original customer transareao, a russian airline. it could be two planes originally scheduled for russia tacked eventually be part of the presidential air fleet >> that is rich. that is rich phil lebeau, thanks. >>> coming up on "power lunch", is president trump losing patience with china? is a trade war on the horizon? and is the stay-at-home economy killin

boeing, fantastic.his is not amazon these are not multiples, these are not unlimited multiples you can throw at the stocks. i agree with guy boeing is competing with main suppliers and this is something i'd be a little concerned about. rockwell crushed their third quarter. those were great, great numbers, but i don't see the street running to push these guys higher. >> yeah, my pushback would be, i'm inclined to take -- great company, collins i'm inclined to take profits at $127. >> all right for some clues on where traders think this deal could price out, let's turn to the options market mike joins us from austin to break it all down. hey, mike. >> reporter: unsurprisingly on the news we saw above average option activity in collins today, 6 1/2 times the average daily call volume, in fact, the most active contract for the august 130 calls over 1,500 of those traded for $1.60 on average. those are people that are obviously betting that the deal is going to take place above $130, $160 if it takes place w

mostly it's boeing 400 of those points of the 1,000 we had has been boeing but this was the close uppretty small numbers you got 4 to 5 stocks that moved us up here right now europe is down and the strong euro has been a problem. look at germany that's the orange line it's been going down and i don't know where it's going to resolve itself but they have a problem over there. a lot of people are talking about august can you pull out a surprise? august is the lousy month. nobody expects anything to period happen and that's why the bulls are hopeful that technology will hold up and not drop dramatically and that other rotation will happen so the hopes are around energy and financials yes energy with oil close tore $50 is another hope and there's some modest moves up so chevron had a good number overall. it's up about 6% eog had a good number so there's hope that oil may be starting to bottom the important thing is that's the issue right now. so also on bank stocks, kbe has been table for awhile now this will go up a little bit and finally you got the new leadership that's out there so w

what are we watching, the boe. widely expected to hold over brexit uncertainty.merica is betting on a high. we speak to the banks chief economist. president trump signs a russian sanctions bill. the administration in washington is said to be investing intellectual property violations. doha strikes. [indiscernible] has smashed the transport record by paying 220 million euros. story,take a look at the it is a great story. we will bring you those headlines. we are less than half an hour away from the market open. what are we expecting today? matt: we have a slew of earnings out this morning, we are getting the german tire maker out with estimates. it missed estimates. salesre raising their forecast to 44 billion euros. a big full-year sales were cast for continent tell -- continental. we have numbers from siemens, bmw, and a number of other companies in germany so you could see some action and the dax. we do not see a lot of action as far as futures are concerned. see them much action yesterday as far as the cash trade was concerned either. no solid direction here,

how much of this is a concern to the boe? for interest rate decisions and what does it mean for the pound? elsa: there is a broad market narrative that central banks are concerned about financial conditions, so they will deliver tighter policy. in the case of the bank of england, the market is pricing around a 30% chance of a hike. i think that is overdone. if you look at the fundamentals of the u.k. economy, it is hard to argue we need tighter policy. we saw slightly stronger pmi data this morning, but data into the end of q2 is showing weakness. i would not run with this trend for sterling. francine: we will be back with mark dowding and elsa lignos. coming up thursday, stay with bloomberg for the latest from the boe. the rate decision due out at 7:00 a.m. in new york, followed by the news conference from mark carney. this is bloomberg. ♪ ♪ francine: "bloomberg surveillance" with tom and francine from london and new york. a great story on the bloomberg terminal. this is why we picked our must-read. it comes from the former

. >>> interesting flight pattern by boeing tonight facing a by boeing tonight facing a little backlash. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. and i am a senior public safety my namspecialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else. i love that people in this community are willing to come together to make a difference for other people's lives. together, we're building a better california. >>> remarkable change. today the last of the old vessels that were rusting at anchor and filled with toxic chemicals is getting ready for disposal. >> eric thomas reports. >> reporter: in

mark: let's get back to the boe decision.r mark carney saying today brexit will continue to take a toll on investment and growth. joining us now to parse through it, dan hansen. a smooth brexit? risky given the start we have had in brexit negotiations? we barely got over the first hurdle. dan: i think it is. injured, it is probably the biggest risk to their forecast. it is not encompassed in their forecast. it is apparently not really encompassed in their charts either, which is the range of possibilities around their central forecast. . we think that over the next twwe think that over the next two years will lay on growth -- weigh on growth. you cannot ignore that. vonnie: what would monetary policy be able to do to smooth a disorderly brexit? there is not much monetary policy can do in that situation, is there? dan: it would be really difficult because they would be presented with the same trade-off they are facing at the moment. you would expect the pound to fall further, but you would expect brexit to hit the supply capac

apple and caterpillar has been doing well today boeing has a contract out. coke and proctor gambles there to the downside. infrastructure has been a complete mess for most of the year rallied on trump election but they have gone no where. today, haven't seen them up a few percentage points for a long time another interesting thing is norway reported sovereign wealth funds where it was doing today they are increasing their stock holdings they are now at 65%. they will go to 70%. this is a big story. this is the biggest fund in the world right now. far ahead of everybody else. they own about 1.3% of the global stock market. if you look at the next screen, they will increase the stock holdings to 60%. that's a big one that's another $100 billion you're going to add into this. you can see right now the current state norway is far ahead of everybody else right now. my question is, i wonder if this will happen with some of the other funds. when you start dealing with 1.3% of the glow ball stock market, you'll increase another 16, 17, 18%, that gets passed around o

meet the demand wee live at the boeing plant straight ahead you always pay your insurance on time. one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >>> welcome back, everybody, boeing boosting production in the hopes of easing the company's backlog of orders, phil lebeau live at the boeing 737 plant in washington. hi, phil >> reporter: i don't know if you've had a chance to look at the percentage of the dow move this year that is responsible for coming from boeing, it's 560 points of a little over 2200 points that the dow has gained, 25% of the gain this year has come because of boeing we talk about the increase in production you can see it right here on the line in renton, washington thgs the 737 line. they did make 42 a month earlier this year. they've jus

some of the companies that have contributed to the big gains, boeing, mcdonald's and apple. dozens of companies are expected to release earnings numbers this mornings which could give the dow an extra boost. >>> president trump could tout the gains when he speaks in west virginia tonight. but it doesn't look like everyone will be excited to see him. someone vandalized the huntington arena where the president is expected to speak

boeing and northrup are doing well on the news but the rest are not doing much.i want to show you. this is the defense space index. since trump got elected in november, that and the corresponding etf are massively outperforming the s&p 500 week as we have heard a number of hawkish statements from the president since he took office. we saw a big spike in defense stocks. earlier this month, they hit whend highs when we heard, the president threatened fire and. from the threats from north korea. julia: and increased military spending is well. -- as well. thank is so much. president trump no afghanistan strategy gives the pentagon authority to ramp up troop levels in the country by several thousand. the u.s. currently has around 8400 troops in the region. some say the increase could help the current stalemate against the taliban but at what cost? defense analyst robert levinson has been crunching the numbers. great to have you on. per is the additional cost troop member in afghanistan? steadyas remained pretty over time so for every soldier, sailor, airman or marine

that definitely bolsters the argument about the boe moving. tom: not only the budget issues in the united states, but is brexit moves forward in september, i wonder where we will become thanksgiving. francine: who knows? let's get straight to the bloomberg first word news. korea may be signaling and wants to diffuse the deepening crisis with the u.s. kim jong un was briefed on the plan to launch missiles near watchbut he said he would the foolish and stupid conduct of the yankees in little more before deciding whether or not to go ahead with the launch. the ceo of intel has quit the

national association of manufacturers in d.c., yesterday in portland with intel, today here at boeing talking with the american people about the need to reform the tax system we haven't done it since 1986. it is a big drag on growth in america. we all know this i've been working on this pretty much my adult life, tax reform this is something we're all in on, we're solely focused on it and our tax writer, ways and means committee are deep into the details producing the bill those who are leaders can multitask and work on funding and debt limit while the committee of jurisdiction works on getting tax bill ready. it's the way congress works. lots of committees and lots of p pots on the stove and stick to landing, no pun intended this callen der year. >> the president seems to have other priorities at this moment. do you need him to be actively out there stumping for tax reform >> he is >> we have a shared agenda the president and congress we are eye to eye on this agenda and on these priorities. i've spoken to the president more times than i can remember how we agree on getting tax refor

. >> and the future takes flight at boeing. finds out more about what the aviation giant's high hopes are, that's when "eyewitness news" continues. >> ♪ >> ♪ >> and if it is friday it must be summer fest on cbs-3. this time tail of two towns as we head to stone harbor and avalon in cape may county. >> coming up this morning, pat gallen takes us to breakfast at the beach. doesn't that sound lovely? and jessica dean takes over on the witness news at 52:00 resort beautiful beaches, shops, and more about 7-mile island. >> i love history. why do the best things in life create so much mess! more nights in... more gooey cheesy dishes. more pie plates... more bake sales... so many goodtimes... so many dirty dishes. tackle them all with finish® quantum. even on the toughest messes finish® gives you a unbeatable clean. and now get 25% more loads then cascade® platinum™ the choice is clear, switch to finish® quantum. >> good morning, roxanna, so we here two japanese automakers are reportedly teaming up for a very big project here in the u

. >>> boeing is creating a new unit to develop aircraft electrical systems.he move could pit the plane makers against suppliers like honeywell and rockwell collins. the unit called boeing avionics will focus on aircraft navigation, flight controls and other core technologies. the world's largest plane makers said the goal is to lower costs, increase quality and deliver more services and revenue to the company. more services revenue to the company, i should say. shares of boeing rose in trading today. >>> a federal judge is ordering the faa to review seat sizes and leg room on commercial airlines. the advocacy group, flyers' rights, pushed for new rules regulating seat sizes saying smaller seats are a health risk and the average size of the airplane plane, itself, has shrunk along with the spacing between them. so how might this impact the airline industry, itself? james is aviation expert and attorney at motley rice law firm and joins us to talk more about that. welcome. nice to have you here, jim. >> thanks for having me. >> what's your reaction overall? it

we have a bit of a difference here between intel and boeing.ntel put out a statement in support of the manufacturing counsel. they were one of the first to pull the plug on the council. does that matter? matt: at the end of the day, the president is still the president. these companies will still engage in the white house. saying, president is they want to do a meeting privately, i think that is probably spot on. lobbying, influencing the white house is still a part of corporate agendas, especially with tax reform and deregulation going on. i don't expect any sort of white house meeting with a bunch of ceos. julia: boeing is the country's largest exporter. defense contracts. there is a lot on the line for these companies. continued to keep up the debate, lobbying, the talks with the administration is the right thing to do. matt: it is. with the congress in a stalemate, not much happening, what can be done? executive orders, deregulation. those all go through the administration. you still have to play nice with the white house, just maybe behind

has had a huge move up in the last few days first down day in a while for boeing, but it's up almost ten points in the last few days here that's about 70 points in the dow. we're also seeing a little bit of rotation. some of the other lag yards are starting to move up. some hopes that oil stocks might be moving so chevron has had very good numbers. that's been helping the dow since their -- their earnings, about four or five days ago, and then we've got a few of the other sectors, retailers, for example, a little bit better about, and walmart is slowly slowing every day climbing up fractions of a point here. the hope is maybe we can get some kind of summer rall re, and, guys, we'll be talking about that more and the prospect for it tomorrow. back for you. >> all right, bob. by the way, i do quibble, so we don't acknowledge 22k until we hit 22k, but i also digress. we'll see you later. apple for its own account has been a major contributor to the dow's record run and its earnings after the bell, could have a big impact on this rally josh lipton joins us from apple headquarters here in

out here in washington state, ryan will be touring this boeing facility that's behind me.ll be talking to employees and also be joined by boeing's ceo dennis muellenberg as well the whole idea is to show that businesses are getting behind the possibility of giving up some of their special tax breaks or reductions in the hopes of getting the corporate tax rate brought down but tax reform could be a moot point if republicans can't keep the government open. can't raise the debt ceiling if they can't do the basics of governing. i'm going to be speak with speaker ryan about all of this >> very timely conversation, ylan >>> when we return, what linked in executive chairman reid hoffman has to say about vul valuations, diversity and gender equality in silicon valley first a quick check of the markets. up about 14 points on the dow. the s&p and nasdaq about at break even fading up and down above that break even line at this hour as we approach noon on "squawk alley. we'll back in a moment >>> the president flat-out threatened a government shutdown over his border wall >> the story

--e to represent boeing is an air force. would you stand and be recognized? [applause] >> thank you to boeing for their many years of support to the john h glenn lecture series and are so many other important programs. we wouldn't be the museum we are today without your help. we are joined tonight by some of senator glenn's colleagues who will reflect on their time with him. proper job ofo it introducing our panelists, i would take the rest of the hour. so i have taken the liberty of consolidating their incredible careers into a few short sentences. sullivan is a distinguished scientist, astronaut and oceanographer. she was the first american woman to walk in space. -- was theith recipient of the very first national air and space museum trophy. ,er three space flights including the mission to launch the hubble telescope, was the beginning of a career in adventure and exploration. dr. sullivan was the inaugural director of the center in the john glenn school of public affairs at the ohio state university. she served as undersecretary of commerce and the chief

a lot of it is boeing as well.it but what a turn it has been from the days where the 787 was under some pressure. >> absolutely and i look back at the media coverage of boeing and they were getting beaten up by the week by the month. >> well, you know, it's over 50% this year. so what i found so interesting about it though is its like the poster child for everything that's driving the markets higher right now it has global growth behind it air traffic is out pacing global growth >> weak dollar >> that doesn't have that much effect on them but the key thing for them is people place their orders and get delivery and can't make the final payments 5, 6, 7 years out so the dollar doesn't figure too much in it that's probably the one thing that they're not a big beneficiary of now he's posing in front of the 787 and went so far as to say god bless boeing boeing is the number one beneficiary. i mean the ceo there went on a charm offensive with him and it's paid off. >> something else is cost cutting which is very importan

i can't remember and there's boeing, just take a look boeing is up by $10 in the last four days. that adds about 70 points to the dow. you see what i mean? price-weighted, big movers, move up suddenly. and you start moving the index along with it. what we need here is some new leadership so here's some ideas oil stocks chevron, good numbers. the stock has been moving up as oil has been moving towards $50. procter & gamble, good numbers stock not doing anything for a while, it too started moving up since its earnings report. how about retail doing better. walmart, waiting for the numbers out. but in the last four or five days, it too has been creeping up and that's why we keep hitting new highs. little, little revolving into different sectors. guys, back to you. >> all right, bob, thank you very much. >>> and as bob said, folks, lately everything is up. stocks are up. earnings are up. jobs are up. wages are up but you know what? it's good news, though it's in the past we want to know what is going to happen from here on out, and for that, kate warren, principle investment strategi

you like boeing.there you go, a little boeing love. >>> still ahead -- literally in case youi were living under a rock, today marked the first coast-to-coast solar eclipse in nearly a century jane wells in oregon are she witnessed it all. >> reporter: twitter tells us over 6 million tweets have been tweeted related to the eclipse, but it's gone. the aftermath continues. up next, we have some really cool timelapse video to show you as the country has its sort of woodstock for nerds. when "fast money" returns. duncan just protected his family with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than $1 a day! his secret? selectquote. in just minutes a selectquote agent will comparison shop nearly a dozen highly rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $21 per month. give your family the security it needs, at

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he was here in everett, a boeing facility and talk with employees as well as the compa yuleberg. but pump through a wrench in the speaker ryan and senate majority lead mitch mcconnell for not having raised the debt ceiling yet. i sat down with speaker ryan and here's his response to president trump. >> i don't really take it as going after me. look, an option we were looking at, but the va deadline came up and we wereno that then. i'm really not that worried about this. we have plenty options. we will pay our debt and hit the increase before this is penetrated. mean we wi increase. plenty of options in front of us. that wasn't available for us. >> do those options include a cline hike? >> there was bunch of different options, not going to negotiate tht worri about get thg done because i know we'll get it republican's signature issue. paul ryan wants to simplify the tax code and rewrite it, but that could mean taking on popular deductions like the for mortgage interest. >> we ackno and believe you need to maintain the mortgage interest deduction. whether it can be improved and how

. >> you're including boeing in that. >> boeing is so much more richly valued than united tech. >> i'm afraid i don't have much to offer although bankers have been hired on both sides so there's an indication that there is something going on here i think it was bloomberg on friday that reported interest from utx although no talks in that initial report. the rumor had been around earlier last week but the question was they just finished the bea deal and utx could have had a shot because people weren't happy with that deal. >> no, they weren't. >> they could have had a shot with rockwell back then and didn't go for it i don't have any insight other than it does appear that again at least the advisers that typically get hired in these things doesn't mean that anything is going to happen have been hired. >> i think they should pay 140: bow as good a big power grab because it was at 15 times earnings on friday united technology, 18, boeing 23 boeing needs to be reckoned with you can't go into boeing and say we have some great ones, you have to say we own it. and you have to deal with us in

government reportedly close to finalizing a deal with boeing to buy two of its aircraft for the next air force one jet fleet. earlier this year, president trump criticized the high cost of building a new air force one and according to a report by the news site defense one, the air force will receive a pair of jet liners at a discount. boeing shares were off 1% at 239.44. >>> blood testing start up ferrino has reached a settlement with walgreens. they said they'll dismiss the suit with no finding or implication of liability. last year, walgreens sued them alleging the start up reached its contract. they were higher, ending at 81.13. zblnc >>> snap will no longer be eligible to join the s&p 500 due to a new rule. the index proprietor said it won't accompanies that issue multiple classes of shares to list because of loading inequalities between shareholder classes. under snap's current structure, it doesn't offer any voting rights. the new decision does not impact existing s&p components that do currently have those several shared classes. snap shares down 4% to 13.10 and sprint reporte

boeing is responsible for nearly half of the events since 21,000. 400 points there.ve come a long way since 18,000, 18,333 to be exact on election day. the dow up 20% since president trump won nine months ago. this is the dow's sixth straight record close. the 49th record close since trump won. the president saying the u.s. is in a golden age for entrepreneurs, businesses big and small, he praised his administration for lifting the smothering blanket of regulations on companies and job growth as obamacare and tax reform have stalledoud. >> today, the stock market hit the highest level that it has ever been. liz: again, fighting over tax reform under way in congress, infrastructure spending, yet to pass. on capitol hill, the president yet to score a big win, overseas and domestic growth making gains. weak dollar helping overseas profits reported stateside here. let's take it to nicole petallides on the floor of the new york stock exchange with the latest. >> reporter: everybody loves the confetti. we love the hats. got the hats, the 22,000. it really is a feeling of c

boeing tweeted out an image of the flight path captured on a live flight tracker website. >> it looks like we made this one up, but that was actually for real. >> it took off from seattle and then started outlining it throughout the country. 18 hours, wow. >>> coming up, those endless robocalls. pretty annoying, but the fcc is cracking down on one man and his company. they say is responsible for making over 21 million of them. >>> and coming up in "the skinny," thor will be boosting into theaters, and we are learning the back story behind one of the most memorable lines in the teaser. you're watching "world news now." >>> "world news now" weather, brought to you by carfax.com. by carfax.com. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find o