707 -- a modified boeing 707.e yaw damper broke, and the plane entered dutch roll, and they decided the pilot wasn't properly trained to recover from it. you're not supposed to use the rudder. the problem if the plane -- well, a plane is not designed to fly sideways. if it yaws too much and you swing the rudder in the opposite direction it scoops out more air than it's designed to do and you'll do structural damage to the tail which happened to the ck-135 and the plane crashed. and this airbus crashed a month after 9/11. it wasn't dutch roll but it was flying too much sideways. yawed to much and broke off its vertical stabilizer and crashed. so it was a case of excess yaw and full rudder break offering the vertical stabilizer. this is also the first and only composite structural failure that crashed, big commercial jet. so, vertical stabilizer was attached with six lugs and they broke first. so this one has 150 plies or carbon come -- composite. the carbon fiber is small, 15 to 25 times finer than a human hair dep

here's why that's right i think the market is unjustly punishing boeing if you look alt what's going on, especially as it relates to china. boeing is mostly shifting 737s they're ultimately doing something that i think these are low margin jets. if you wipe china's deliveries completely off of boeing this is probably $5 to the share price watch are your choices are you going with an abus the neo a 320? they're professional seven, eight years behind >> tim, it's over 12% of their revenue is derived from china. how can it be unjustly in 2017, they had a 300 plane contract for $37 billion >> it's about 9% of their order book my understanding, listening to the street, you take added livery, it's five bucks off the share price. bottom line here, airlines are not purchased at whim. i don't think china is in a position also the deal they have means a lot of the small body airplanes are being made in china. >> that is what insulating for boeing here the bottom line is boeing had a miraculous run on the way up a lot of this is air out of the sales. >> eastern the market is beating this down,

this plane was so big that boeing bet the company.d states, we call them the ‘greatest generation'. they came through the depression, they lived that hard life, they fought the war, they had been tested. they believed that they could do anything. pan am's juan trippe insisted there be two decks. people would come to him and say, "we can't add a second level to this aeroplane". and he had this expression, "well, don't you see..." and he'd start in, "well, don't you see, if we did this...?" and he would wear people down. and he got what he wanted — revolution, not evolution. the giant was born. huge. it was breathtaking. we stepped into the plant and in front of us was this monstrous 747. i can't repeat what everybody says when they first take a look at this aeroplane. it was a massive wake—up call. file: september 30th, 1968. the first giant 747 is presented to the world. dad was thrilled when the 747 was actually a reality. a world launch, but few knew it still couldn't fly. today, that very first 747 rests at seattle's museum of flig

facebook you'll see numbers continue to ratchet up and i think boeing is a buy and weakness any typet dips. >> boeing had been down by 2% and managed to pair the losses tremendously by a point and a half on percentage basis. >> we saw the whole market turn, too, on that boeing could be the leading edge here and the place that will be most sensitive to this boeing also has operations in the middle east that we have to worry about. so this probably is the ground zero stock and something to watch. i guess i agree with the guys. if you want to say, all right, i'm concerned about the trade war. stick with small and mid cap that type of thing. >> the stuff that i think actually should be doing very well here, and i've been reflagsist over the last 28 months commodities got destroyed today. china is the biggest net importer whether it's copper or a number of industrial metals. look at what happened to steel companies. steel companies around the world got taken out. steel companies don't like trade wars despite the fact it should be supporting steel prices which are record highs i don't thin

the vice president of boeing.ness stories: europe's big five football leagues generated a record e14.7 billionn in revenue in the 2016—17 season, up 9% on the previous year, according to new figures from deloitte. the english premier league was the clear market leader, with 86% more revenue than its nearest competitor, spain's la liga. deloitte said the financial results reflected a new era of improved profitability and financial stability for european football clubs. volkswagen has warned its main factory in wolfsburg, germany, faces temporary shutdowns later this year because of new emissions test standards. it plans "closure days" to prevent a build—up of vehicles that have yet to be approved for sale. from september, more rigorous eu standards will be brought in to replicate real driving conditions more closely. that is your business briefing. see you ina that is your business briefing. see you in a moment. the government is being urged to reform the welfare system, so that fewer people are living in destituti

the boe is providing itself with more optionality. we don't know yet. why take august off the table. the pound benefiting from this. alix: i find it interesting the qe unwind will begin when the rate hits 1.5%. i feel like a more specific timeline for the unwinding. >> they want to make that clear and make the market aware of the process. the fed did something similar. had a slightly more and egress approach from the ecb in terms of how it will be rolling off its qe generated holdings. bank is tryinghe to provide clarity for the market. in theaying the slack labor market is likely used up. badboe has been very the labor what impact market will have in terms of wage growth. thates seem we are at neutral point and will see an acceleration in wage inflation. it is a more positive picture than anticipated. david: is it significant that that the center is the chief -- dissenter is the chief economist? it is the first time in seven years the chief economist has dissented. >> absolutely. it is fascinating. he is the chief economist. theoretically he is the guy

phil lebeau on why boeing is branching out. >>> boeing is best known for building some of the most popular commercial airplanes in the world, but increasingly it's looking to boost profits by making and servicing the guts of those planes. the avionics and key components from the cockpit to the tail. the company's latest move is a joint venture with the french aerospace firm saffron. together they will build and supply auxiliary power units used primarily to start up planes parked on the tarmac. the apu area is dominated by honeywell and they've grown their bottom line by offering apus to a wide array of aircraft systems and services to the airline and cargo operators who spend billions on new planes. it's a lucrative business with healthy profit margins, which is why boeing ceo dennis mullenberg wants more of it. as he told us in april, boeing is actively looking to make deals that will grow its services division. >> so where we can find strategic acquisitions that complement our organic services, that's a top priority. >> reporter: last year 1/4 of boeing's revenue came from the global se

boeing set about turning division into an aircraft. it was so big that boeing and the comely.ession, lived a hard life, they fought the war and they believe they fought the war and they believe they could do anything. they insisted there would be backs. people would come to him and say we cannot add a second level to this aeroplane. he had this expression, don't you see? do you see if we did this... he would wear people down. and he got what he wanted, revolution, not evolution. the giants was born. huge, it was breathtaking. we stepped into the plans and in front of us was this monstrous 747. i cannot repeat what everybody said when they first took a look at this aeroplane, it was a massive wake—up call. a look at this aeroplane, it was a massive wake-up call. september 30, 1968. the first giant 747 is presented to the world. dad was thrilled when the 747 was actual reality. our world launch, but few knew it still couldn't fly. today, but very first 747 arrests at seattle's museum of flight. these represented people for the wait? barry worked on board as a test engineer. carr

for boeing's new midmarket airplane, the 797, which is a midrange jet that boeing is looking into. is that still the case? and do you have enough information about the plane's capabilities to assess whether it would fit into delta's fleet? >> well, we are not at a position to be making those type of decisions. as i understand, the boeing board hasn't even made the decision to bui the aircraft yet. it's still in the discussion phase. but when we look at our fleet needs, we need a successor aircraft to the 767. delta has about 100 767s we fly as well as 757 and the larger version, the 757-300. the majority of those will be retiring in the next decade, and we'd like new technologies that they've been very successful around say the 787 to continue to upgauge that market segment and create what they call their next midmarket aircraft, 797, if that's what it's labeled. we've had discussions with boeing about being a potential launch customer. it'd be premature to make any comments along those lines, but i think boeing is interested in getting a feel from the marketplace as to where the p

that was aaron chatting to the vice president of boeing there. — us economic data strong — overshadowing trade concerns. and let's look at the markets. according to the lse some kind of technical glitch meant that the opening of trade, the auction, has meant that couldn't take place and london has actually opened for business yet. —— has not actually opened. and paul blake has the details about what's ahead on wall street today. well, so far at least, wall street has brushed off the threat of a global trade war. the stock market keeps rising despite new tariffs and new problems with trade talks but this determined optimism will get tested again on thursday when donald trump meets with japanese premier shinzo abe. japan, like most long—standing us allies, has found itself at the sharp end of mr trump's trade rhetoric. meanwhile, two more of those allies, canadian prime ministerjustin trudeau and french president emmanuel macron, will be holding a press conference in ottawa, where trade is almost certain to come up. all of this takes place ahead of

take a look at boeing.they had a nice move last year the backlog for commercial a airplanes stretched out for 11 years. when you look at deliveriedeliv0 of deliveries went to china airlines that's what pushed shares lower. >> is it easy for them to actually change direction, retaini retraining pilots and that service model etcetera >> it is not easily switched if you are a chinese airline and you are thinking of air bus or boeing or some that have split fleets then you can sit there and say now, let's think about this, do you want us to cancel some orders. we have not seen that yet. that's the concern that investors have >> phil lebeau, great stuff. >> we are keeping an eye on chinese stocks and how they rea reacted. seema mody >> just take a look at an etf that attracts major chinese company. now that index is seventh daily loss the first time we have seen such a move in 2016 down 3% on the week and led by 10% of the largest chinese company by market cap other major decliner including industrial and commer

andrea: let's talk a bit about boeing. you have said you would like to be a launch customer for boeing's new midmarket, midrange jet, the 797. is that still the case? do you have enough information to assess capabilities? ed: as i understand, boeing has not even made the decision to build the aircraft. we need a successor aircraft to the 767. delta has 100 we fly, definitely be larger version of the 757. the majority of these aircraft will be retired in the next decade. new technologies have been very successful. we would like to continue to upgrade that market segment and create the next midmarket aircraft, the 797. we've had discussions with boeing about being a potential launch customer. i think boeing is interested in getting back to the marketplace. it is where the price point needs to be, what is the range, the target we want to see, the expectation of the airlines, not just operationally, but from a customer standpoint. the largest new aircraft is extraordinarily expensive. the 787 was tens of millions of dollars to

>> boeing's biggest customer is if you look at markets, 202 of the boeing commercl airplanes delivered last year went to china. that is about 26% of the annual deliveries last year. it has a little bit of cushion the fact tha airlines order airplanes knowing they are not delivered for several years. it is unlikely that chinese airlines would cancel orders immediately. that said chioes have a reputation and a track record for sayin we are moving some of the orders over to air bus or any future ordersould go to air bus. that is why boeing is sensitive to t trade tensions. >> phil lebeau at the port of charleston. >>> the genehepy treatment shows promise. drug maker says three boys with muscular distrofy showed improvement. the trial is still in its early es saresta said it helped grow a key protein that is missing in people with this disease. >> we need to take the results we have and treat additionale children andeed to watch the children for a while. but this is potentially transformative. we have given this gene therapy that treplaces thock absorber and in these first three children a

the boe said it's chief economist is causing death is calling for a rate increase and daimler blamesrade tensions for lower suv sales and we will talk to an analyst to says trade policy may not be the driving force behind the company's outlook. have a look at what's happening to european equities. they are falling but were rising earlier in our down for the fourth day of five. it's a risk off day once again. the ftse is down by 2%. the italian political concerns are affecting markets. all the european indices are lower today. , no movinge today rates, no change in the qe program but they have a split. the ceo joined the hawks on the industryhe result is rate probability has moved up. sterling is rising, it was falling out of that. risinger currencies are against the dollar. we've got the japanese 10 year and the italian 10 year up 10 basis points. let's get to the big story which happened after the close last night. the news that msci including saudi arabia and argentina -- highlighting the move in the saudi arabian benchmark. today's decision and investors are pricing it in. you are

he is the boeing commercial vice president., it is all very exciting and the talk up a town. how far away are we from getting this ultralong plane ready to go from sydney to new york and melbourne to london? we saw qantas open up first to london. the next step is what can we do with our triple seven a has a thousand not a call miles of our air they met crew from perth to london. what can we do to open up these 21 our markets? i think we're imminent good place for the triple seven. we have to get the range up a little bit, maybe some advancements in challenging our engineering team. in the next two years we will see 20 and 21 hour-long fights. triple seven a, which will be the longest ranging airplane in the market will enter service in 2020. haidi: a 20 hour direct flight is not palatable for most people. tweets to the aircraft you make to make the experienore tolerable. we change the flying environment with bigger windows, new architecture, widening in the aircraft. what we have changed is what you can feel in the airplane. th

huge boeing has exposure but boeing would tell you boeing needs china more than china needs boeing i'm looking at united technologies, that to me is bedrock. otis is so clear but the same time you know as soon as that rockwell collins deal closes, you'll get a split up. >> most likely i think many people expect you'll get a split up. >> yeah. what do you do that's the toughest one. >> right. >> that's the toughest one because otis is 600,000 elevators. >> yeah. >> real china. >> people are going to be focussed even more on this you know, when they start to boycott apple over there. >> that's what i'm worried about. >> then you got -- >> that's what i'm worried about. boycott apple, starbucks, young china. that's what i'm worried about. >>> for more how this is playing in china we go to eunice yoon in china. >> reporter: china has described trump's tariffs as blackmailing. the commerce ministry today said that china would fight back firmly and is considering qualitative as well as quantitative measures. now those words have caught the attention of the american business community here be

is boeing up, a buy today? is apple a buy today >> here's what i would love to see, one of my biggest triggers is, do i see people coming in to give me the reason to be in there in terms of buying are they looking at upside options in boeing? a couple weeks ago they were going out to -- if you see paper down on a down day when a stock is getting crushed, those are the ones but those are the ones that you're looking for all the time. >> can i just make a -- just make a point that i think is maybe being lost here? there's a difference between a battle and the war there may be a resolution to this particular battle, whereby the restriction on component suppliers is dealing with zte gets removed and then the to veto that bill and maybe ve relations with china get a little better. so they can make a deal. and that would be great. but this man has been talking about trade wars and trade in general as a zero -- someone has to win, someone has to lose. this is generally his world view and the thing he's most consistent

at the end of the day, i believe that boeing is a cyclical stock. own honeywell right now, i think the valuations make a lot more sense here. >> 22% so far this year. kevin o'leary, how does the chart looks? >> i agree with mike a lot of the stocks are in the aerospace sector weekly divergence have started to show up and the stock moving higher and momentum moving slower at a sense of a time. i think that's a concern when ever you see rsi or the strengthen -- the stock on four of those have been down and 50% or more of the three or four more years to come >> wish to trade at 311. >> we got to leave it there. we got the target. thank you very much, mark and mike you can head to our website on tradingnation.com. >> now the latest from "trading nation" and a word from our sponsor. in rising low volatility markets and short term buy backs represent great buying opportunities. one approach is waiting for the second update after pull back before putting money back in the market ahh. where are mom and dad? 'saved money on motorcycle insurance with geico! g

hope so. >> boeing has unveiled a rendering of a hypersonic plane, traveling at mach 5.ne of this type would probably take decades of research and development unless you supply your significant brainpower to the project. >> i will not. we had to make an unscheduled landing in heathrow, united did a great job. united handled it well we parked right next to the concord. you think what happened, 40 years ago we were going i'm sonic, supersonic, why did we go backwards in air travel? >> have you seen the hand maids' tail it's possible to go back in many more ways. >>> still ahead -- we'll get a check on housing and what today's key housing data means for the housing market and your >>> again, wask, what do forest fires, wood-eati iniing e beetles and president trump have in common. >>> dow futures down big more after this. the digital divide is splitting this country. we have parents who are trying to get their kids off of too much social media and computers, and we have parents who would only hope their children have access. middle school is a really key transition point, r

i don't think -- i think this run is unwarranted boeing was an atm. stocks too, i get it, you want growth? go to the big tech stocks. we'll hit a wall sooner or later. you're not going to want to be all in on these things >> they don't like that argument, sooner or later, in the meantime, i'll collect the check. >> not saying cut short, just trim >> i hear ya the companies that have the biggest exposure, dom, talking revenue as we learn who, you know, who is the market focused on for the right reasons and who is swept along with it >> we know, kelly, these are the names to focus on because over the course of the past six to nine months, even a year as trade talks come to a head, these are the stocks that in real life show us volatility around trade-related headlines these are the numbers. not every s&p 500 company roberts sales on a regional country by country basis, but those that do, folks that look at the numbers, aggregate them together, and these are big names you all recognize as having decent sized exposure in terms of business to china you men

boeing is up boeing is actually up more than utx and honeywell on news of that. >> by the way, gave annterview to the street last week. >> yeah. he said stocks are much higher the stocks have been selli off on peace breaking out between the north and south. defense stocks go down every time north korea has a mcdonalds cheese burger? >> and, finally, back to microsoft. it's all stock interestingly for github $7.5 million worth. >> and people love t. >> yeah. it's is active. >> yeah that happens sometimes microsoft is -- satya, can we discuss it or not? >> apparently he's coming on "mad money." >> no on squawk alley. >> he knows i can't interview him. >> it's all about you. >> it's your world we're just living in it. >> let's get to courtney on the floor. she has more on what is moving this morning. >> good morning to you, david. we have another rally going on this monday morning. a continuation, really, of what we saw on friday we have stocks higher. most of the sectors higher here across the board with energy and materials leading the way. health care and telecom are among the laggered

>> my biggest issue with boeing, it's up 100% in the last year, year and a half.t may just be done for now. you can go through a one-year consolidation after a big move like thatment i think caterpillar has an issue, and i think boeing has the issue of the tariff situation. "usa today" had a good article today, the top ten stocks that could be affected, those two are in there, and i think that's what's holding them back right now. the louder the noise comes, the stocks get hit. charles: china has said that they may go after these dow components -- >> oh, yeah. charles: but having said that then, aren't they actually going to perhaps create an opportunity? do you think this is going to continue to ratchet up to the point where we get to a point of no return, or do you think we're actually propelling toward some sort of revolution here? >> all evidence in, i think we've got a soap opera which means it's going to last a while. whether the rhetoric gets a lot worse, i don't know. but every time you get a little more harsh rhetoric, boeing's down $6 on the day, caterpi

cat is down 9.5% boeing 8.5%. we know about ge's issues. it's down 8% travelers 5%, 3m, apple, intel what do you do with that are they bargains? do you continue to stay away from most of these names in the dow? >> i think it's a stock by stock basis. i don't think that intel is necessarily corrected enough off of this to go in all the way, but i think you start buying it. the bigger picture is that you've got active portfolio managers that are taking a look right now at what's performed the market and what hasn't there's a lot of pressure not to lag behind, not to lose money. so performance numbers have been very choppy from long only, from hedge funds. so it's typical to think at this point you're going with the winners. in terms of capex, it's interesting. but i don't like buying companies when they're starting out or in the middle of capex. because intense pressure earnings particularly if they don't have to grow. they want the next level of growth >> thesis at least part of it in this note. we hear all this hey, capex is going to be awe

and from wired — boeing's proposed hypersonic plane is really, really fast.entury that could cross the atlantic in two hours and the pacific in three. and don't forget — let us know what you are spotting online. use the hashtag #bbcthebriefing. up next, newsbriefing. one of the first fire fighters to enter grenfell tower has been describing the moment he realised the blaze was spreading outside the building. charles batterbee said at one point when he looked outside he said it "rained fire" as burning debris fell from the building. tom symonds reports from the grenfell tower inquiry. his report contains images of the fire which some may find distressing. firefighters charles batterbee and daniel brown, loaded with gear are headed up grenfell tower, the fire isjust a glow in the kitchen window of flat 16. the enquiry has watched them smashing their way in on a thermal camera. in reality, it was black with smoke. then briefly opening the kitchen door to blast water at the fire, and put it out. but then charles batterbee realised what was happening outside. itju

boeing says in theory the plane could go about three times faster than concorde jets. that speed could cut a flight from lfrmt a.kyto which normally takes 11 hours, down to thrers. don't get too excited about this yet because it's stillikely decades away from actually being built. >> still ahead, the number of opioid deathsacross ourrea rising. >> the new lawsuit aimed at saving lives. >> plus, caught on camera, the wild moments that shut down a portion of an l.a. freway. sheena. >> oh, that's probably not safe. today, though, we' going to be warming up this morning. a couple of showers. we'll show you that coming nu in a few s. as we go through the day, we're going to be heating up with more hot days ahead. uck isch at havertys we know everyone has different tastes. and this independence day... ...we're making it easy to find your style at havertys independence day sale. when you spend more, you save more up to $1000. how much you save is up to you! with more styles and custom fabrics to choose from. ce brate your independence with furniture that fits you. havertys. l

that assessment came after a decision to launch a "nose to tail" series of tests on this boeing 757 for hacking weak spots. those came after a task led by dr. robert hickey took two days to hack a plane back in 2016. the dh sk team got in through the radio's frequency communications using typical stuff that could be brought through airport security. in response dhs scheduled those furtherer hacking attempts on plane including efforts to handle the flight management, life support, auto pie lot, as well as electronics and fuel. >> my fear is that our nation acts most directly when they're on the backside of a crisis. the crisis has occurred, we lose a lot of lives, and now we're prepared to put money into infrastructure. >> reporter: while the 757 hassan been built since 2004, it's an aging workhorse for delta and united. trump's personal plane is a 757. so is the aircraft often used by vice president mike peps. documents say the experts were interested in finding out if you could hack into a plane through onboard wi-fi, infotainment systems or usb charges ports. boeing says its aircraft

china is now gm's largest market still the stock got hit today just like boeing some are betting that gm is going to be a loser there. if you want to do business there, you need to partner up with a local company they are all in bed with chinese affiliate, they would be cutting off their nose to spite their face another reason why the u.s. can win. another point. now politically, china has a clear edge when you have an authoritarian state, you don't need to worry about public opinion you can take it wherever you want it. president trump needs to keep congress happy or they can roll back everything he has done. economically, i think we have a leg up broke down badly last night with more than 1,000 stocks falling more than 10%. chinese government has gone to prop them all up but that is a trillion dollar under taking every time you ask me to recommend a chinese stock, i say no we have already done immense damage and the trade war has barely got started he also knows we have an incredible economy here, abundant natural resources now that we rediscovered so much oil and gas. to put it sim

we have boeing in trouble earlier. still down but not nearly by as much, and soybeans, by the way, taking a hit of 1.5%. in a spontaneous press conference this morning at the white house driveway, the president said there is no trade war because america lost it years ago, but now, of course, the president is engaging in tariff battles with 30 different countries. 28 with the european union, mexico, china and then of course canada. so make it 32. edward lawrence has reaction from the white house. >>> and china critic gordon chang whether the president has the right battle plan for a trade skirmish, war, whatever you want to call it with china. gordon chang is ready to say this one is easy to win, he'll tell us how. >>> and six months after the first tariffs that the president handed down against chinese solar panels, the industry here in the united states. how is it faring? we thought we'd do a checkup. six months in the rearview mirror. sun power chairman and ceo, one of the biggest solar companies in the world based i

this is the next frontier for airbus and boeing.lucrative the indian market is? >> the indian market is a huge market. certain pockets of land in the world, of very established market. is a market, india that is growing exponentially. we have really strong, low-cost markets there. a new classdigo, of travelers that are coming u, leisure travelers. that is a market that both airbus and boeing has to win. what we are seeing now is bowling taking some orders away from airbus, particularly in the wide-body model, traditionally one of the wing -- one of boeing's strengths. it looks like they have taken away an order from airbus for the 330. s might get something in the single market, but it is a tough market. >> if you look at the crusade, how much of it is backed by aggressive pricing in the tax cuts implemented by president trump? and could've possible trade war change anything in all this? >> boeing is really the darling of the trump tax cuts. they almost doubled in stock price. airbus had a decent year, but nothing near that. there's

boeing says it's confident in the security of its planes. meanwhile tesla is handing out pink slips. >> the electric carmaker cutting 3600 jobs, 9% of the workforce. it's part of elon musk's plan for tesla to turn a profit this year. instagram users have more opportunities to shop. >> customers can ad link to their stories that will look like shopping bags. when users click on it, they'll be taken to the product without leaving the app, somehow making online shopping easier. >> just what i needed, another reason to shop. >> those are your tech bites. >>> the california academy of science opening a cool >>> you're never more than seven minutes away from my accuweather forecast. we're not under a fire weather watch or red flag warning, but just like yesterday when a couple of fires broke out, today there's a higher fire danger. warm to hot this afternoon, plus breezier than it was yesterday. that will help spread those fires that develop on the dry vegetation. be more cautious today if you can be. >> thanks, mike. happening today, dockless for

. >> boeing, buying boeing. i know this is the poster child for a trade war. it's pulled back -- >> i don't think so. >> it's not a trade war stock. >> it is a name in my opinion, china needs boeing. they have a backlog of seven and a half years. you got nine and a half years. they can't just pull out. they need to buy boeing planes. that's not going to shift. by the stock in weakness. >> great segment for us, trade war stock or not. >> the reason why i'm not trying to be overly pessimistic it because some of these retailers hang in there. you have to find the good within the bad. >>> the top technician says bitcoin is in no man's land. he will tell us the whole crypto universe is watching. >>> tesla ceo elon musk taking his trolling to a new level and his next target gas. we'll tell you what his words could mean for the stocks. >>> there's one energy stock that's about to break out to even higher highs. he'll step up to the plate and give us his fast pitch. we're live from times square. you always pay your insurance on time. tap one little bumper, and up go y

. >>> boeing says its hyper jet can get you from the u.s. to japan in two hours. >> in today's tech bites, tesla's all electric pickup truck. >> elon musk tweeted new details saying it will feature all-wheel drive, 360-degree cameras and the ability to auto parallel park. tesla expects to start building next year with a 2020 release date. >> boeing unveiled a design for a hyper sonic jet that could fly from new york to london in two hours. >> much quicker than the usual six to eight hours. there are questions about how much money the company is willing to spend on the project and whether it would be profitable. >>> you can now video chat with friends on instagram. the new feature called instagram direct allows four friends to join a chat. if things get boring, users can men mize and browse the rest of instagram without ending call. what's up, kendis? >> that's super offensive. i'm face timing youke- >>nstaam. can't keep up with the updates. >>> the bay area is about to get a new park. the sprawling force of red woods you'll soon be able to w

see airliners here in china cancel or change their boeings. the ante for the u.s. corporate's operating hereina has a playboos used in these situations. it has used it against south korea, the philippines over geopolitical spats to pressure those companies operating in the chinese markets. that is potentially what we are looking at in terms of how things unfold. china will be helping -- if those tariffs are in pose, that will have an impact on u.s. consumer that may have an inflationary impact and made lead to a change of heart from president trump. the focus is back to washington and what the response is from this first counterpunch is from china. yvonne: tom mackenzie joining us from beijing. we's get more now on what should be watching as trading is underway in asia. mark is joining us from singapore. we have hong kong/china markets closed for the dragon festival. we are seeing the reaction in the rest of asia being moderate. what is your take on this? mark: we only have smaller markets open. although, japan is trading today. singapore is a

boeing. boeing is so heavily weighted against the dow. you mention industrials and that helped lead the way. up 3%. jpmorgan, caterpillar, visa. record highs on the dow microsoft and nike moved higher and visa as take a look at 10-year treasury, that's moving higher ahead of the fomc next week. at 2.97% and the financials move higher along with that. nasdaq, we talk about the tech-heavy nasdaq, we watched , all-time high. third straight record close, 18th record close of this year and so many winners that moved it along including tesla. i'll get to that. the small caps are totally separa fm all things trade and the dollar, and know this particular index is up about 9% this year. another record. here's a look at tesla. i mentioned tesla. the shareholder meeting was yesterday after the bell. elon musk, very patient, hour and a half, answered all the questions, among which he said the model 3 is on target for 5,000 week, pumping those out. up 9.7%. be d in a couple of years, and also about batteries and the factory in shanghai. a lot of good

. ♪ ♪ ramy: a quick check of the business flash headlines, boeing is said to have fought off airbus toder of the indian affiliate of singapore airlines. they are taking six dreamliner's with an option for four more, considering whether to buy the 780 79 or the 10 version which could fly to europe. this deal is $3 billion at list price, will though it is traditionally discounting. sprawling hna group has made plans to make a deal with planes200 jets and some over sometime, but they say no specific order has been placed. the shanghai-based group is pitching the aircraft domestic carriers as part of a grand plan to eventually compete with airbus and boeing. haidi: it is 8:30 in sydney, the markets open in 90-minutes time. new zealand is closed for the kings does the queen's birthday holiday. futures looking bright. i am haidi lun. ramy: i am ramy inocencio where it is 6:30 in new york. you are watching daybreak australia. let's get to first word news with haslinda amin. haslinda: china said it will end all all trade agreement -- it will anul all trade agreements if they push ahead with ta

project ahead the next moves obviously industrials, materials are t"the biggest loser"s today bow boeing is right in the crosshairs and is dragging the market down. the market is less than half the loss of the dow at the moment. some stress in emerging markets. the worry is that it gets exacerbated. it's a pretty off-risk day you're seeing the nasdaq down, treasury yields go down. the dollar is up we'll see if it's a quick reset because the market has seemingly been craving a little bit of a pullback or if, in fact, the rhetoric keeps up and we get another exchange of china retaliation and it becomes a driving story as opposed to what i think it has been so far, more of an annoyance and distraction for big investors and ceos. >> again with these trade war fears. i think it's important to keep in mind if you're talking about names like boeing, caterpillar, 3m, these other industrials that are getting impacted by these headline headlines. >> exactly, morgan matter of fact, it wasn't too long ago -- really just a few months ago i was out here saying, oh, yeah, it looks like the market is up

among them boeing said today it is assessing their possible impact on its supply chain. fedex said the tariffs ones ch goods will raise prices for american businesses and consumers. and generalt electric said concerned that these tariffs will make it harder for u.s.nu cturers to compete in the global economy. >>> rising trade h tensionse kept investors on guard in recent months, and today it was no different. after falling as much a 280 points, by the close the dow jones industrial aveas do 84 points to 25,09 the s&p 500 slipped three. for the week the major averages were mixed. bob pisanias more on the down day on wall street. >> simmering trade tensions once again took the stock market for a ride, snapping a three week win streak for the s&p 500. stocks first sold off on presidentar donald trump'sfs announcements, but managed to end well off session ows. the news didn't exactly come as a surprise to investors. the bigger question, how much could trade ten eonsalate from here? the markets overall had a defensive tone throughout the day. consumer staples, telecom, and re

boeing and caterpillar. china is a critical market for boeing. it expe expects to make $20 bil over the next 20 years. >> they like the separation and might be givin two issues to democrats. >>> a strong earthquake hits the japanese city during rush hour with deadly results. we will have the details next. ho ou win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com but as it grew bigger and bigger,ness. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlid 2% cash back on everything i buy. everything. what's in your wallet? is not a marathon. it's a series of smart choices. and when you replace one meal or snack a day with glucerna made with carbsteady to help minimize blood sugar spikes you can really feel it. glucerna. everyday progress. ♪ ♪ if you have recurring constipation and belly pain, talk to your doctor and say yesss! to

boeing unveiled a design for a hypersonic passenger plane at an aerospace conference in atlanta.eory, ultra fast planes like this one could fly mach 5. that means y-- boeing's ceo say can spp to see hypersonic passenger planes in the next decade or so. i'm in. >> the faster the better. it gets crazy at airports. >>> just ahead, argentina's lionel messi finally gives fans exactly what they've been waiting for. we have your world cup highlights next. women are amazing. our bodies grow babies. we run marathons, companies, solve problems. how? we fuel ourselves, with strawberries, almonds, and protein; chocolate, whole grains, and iron. food that's made for us to power us, food like special k. and try new special k nourish berries & peaches with probiotics. anfrom the moment you met you wantecomfort and protection that's why pampers swaddlers is the #1 choice of hospitals to wrap your baby in blanket-like softness so all they feel is love pampers swaddlers how did we test our with tin each hand.steak. dixie ultra. stress tested so you can stress less at dinner. my digestive system us

let's start with the boe, that is the immediate focus. that, formeans is now, we will probably see them giving themselves more optionality. they will signal a hike some point this year, but try not to be as explicit on the timing, because they have been here before. for the u.k. economy, more uncertainty. but the results show that there is at least leadership and a captain at the helm. so a little bit more uncertainty , perhaps more negotiation. you might see that pickup in investment to that we need once we know what is coming through. francine: simon, the chance of a rate hike? simon: less than 50%. very little core inflation went and next export growth. boe can afford to sit tight. francine: thanks for joining us. our guests stay with us. we talk about sterling and euro pound. labour, we speak to party veteran and what it means for brexit party talks. we are seeing movements when it comes to not only pound but currencies. this is bloomberg. francine: welcome back, let's get straight to the bloomberg brexit bulletin. theresa may has fen

the report follows a test by the homeland security department during which the systems of a boeing jet were hacked while the jet was on the ground. boeing has insisted that it's confident in the security of its planes. >>> the co-founder and chairman of guess has stepped down amid complaints of sexual harassment. paul marciano faces accusations from several models including indicate upton. an internal investigation found he, quote, exercised poor judgment in his communications. he denies the accusations. >>> and a backlash from hometown companies amazon and starbucks has now prompted the city council in seattle to repeal the ha fde affordable housing would in the city. the tax, which would have cost large businesses about $275 per employee each year, was aimed at tackling the growing income gap and homeless population. critics argue the city should take a regional approach to the problem. >>> a proposal to divide california into three states has now qualified for the state ballot in november. under the plan the new state of california would run along the coast while northern and southe

boeing points out that in the u.k. where libel laws favor the rich and powerful the ability to speak anonymously has been key to uncovering the historic sex abuse scandal and which the most powerful politicians and businessmen in britain were revealed to be rapists who preyed on children women and men with total impunity so if this law were in effect if they have a chinese sort of system any of those journalists that were pointing. out that you know the rich and powerful were preying on these children the jimmy savile's of the world memory took a punk rocker got bleeped by the b.b.c. by the way johnny rotten or said vicious one of those guys pointed out that jimmy savile long ago point out thirty years ago member when sid vicious was still alive that jimmy savile was a paedophile and they had they believed it because of these laws but now would have been kicked off public transport for saying that you know all you need to know about the u.k. is that jimmy savile almost became prime minister. that's just i'm not sure wh

in case you didn't know, this boeing exports the most of any company here in the u.s. to china. all these companies on your screen from deere, utx, honeywell to china, it's not a surprise to see them lower in your portfolio. if you like them as good companies, could this be a buying opportunity? want to look at the other side of the trade here. industrials, materials are the worst performing sectors in the s&p 500 if you want to go shopping. so where does this lead us? this news breaking right now. washington is bracing for a new wave of waivers as the so-called trade dispute intensifies. fox business learned that the commerce department is really being inundated by requests from u.s. companies, everyone from solar panel makers to pipeline manufacturers, chipmakers, begging for exemption from president trump's tariffs. we have numbers on this. congress has received more than 1,200 applications from just steel consuming u.s. companies, demanding waivers from the steel tariffs saying we need an exemption. we are awaiting a very specific updated number, but right now 1200 and as fo

the boe noted in a report that the u.k.ds a solution, including a pledge to grant interim permissions if necessary, but highlighting that the eu has not reciprocated, so there is pressure on the eu to do so. the boe has been sounding the alert afte about the issue of cross-border contracts. this is bloomberg. ♪ tom: "bloomberg surveillance" from london, new york. good morning. first word news. taylor riggs. taylor: the boe has stepped up pressure on the eu on derivative contracts. unless the eu puts in place temporary workarounds, firms could find themselves unable to service contracts from derivatives to insurance policies. the u.k. central-bank highlighted the issue in its financial stability report. 29 trillion towns of unclear derivative contracts are at risk. you can watch the news on yource on live terminal. an organizer for senator bernie longtimeas beaten a representative in a stunning primary victory in new york city. 1/10 as much money as the incumbent now becomes the standardbearer bearer in the struggle ove