joint ventures for servicing boeing aircraft and for distributing it boeing previously had signed an agreement with russia's silicon valley's skolkovo to design new planes. and russia's gross domestic product rose by four point two percent in the first half of these year as the country emerged from the worst downturn in about a decade the growth was underpinned by a strong rebound in industrial production it was more than two percent higher than the same period last year benefited from wise in commodity prices the can to support it. and it's time now to see how the equity markets are performing this tuesday first to asia and japan profit takers and the nikkei down mainly on a stronger and it's hurting export has to sony and fiji through some disappointing for part results from the united states are also adding to the pessimism meanwhile in hong kong the hang seng is gaining value in the news about china's increasing domestic consumption it mainly benefits the banking sector and the auto makers. and the russian markets started the day on a bullish notes the r.t.s. is putting on more t

and add their shows state corporation russian technology is a signed agreement with boeing agreed to future joint ventures for servicing boeing aircraft and their distribution boring previously agreed with the russian silicon valley's skolkovo to design new planes. and let's now see how the equity markets are performing this tuesday first to asia and japan profit takers some of the nikkei down mainly on a strong again it's hard to export institute of sony and fujitsu among them some disappoint corporate results from the united states also adding to the pessimism meanwhile in hong kong the hang sang is dating value in the news about china's increasing divest the consumption of mainly benefits the banking sector and the auto makers. and of the russian markets are opening up at about an hour you're seeing the closing figures from monday when both the r.t.s. and the my six hundred day in the black energy stocks rose as the price of oil hover around seventy six dollars a barrel is very bank of the top blue chip gainer up one and a half percent after saying last week of the growth of bad l

so is the world's number three producer but the first two places are taken by a law keyed and boeing will keep the ball which mainly provide aircraft what the u.s. department of defense used. for the counter bombs going to i would. always teach in the way it's recently china presented its new fighter jet cold f c one. mistaken it looks very much like our su twenty seven but i think it's also cheaper so two questions here first do you see this as dumping and will russia take any measures to protect its intellectual property which they have to skip iowa. more than twenty years ago to russian federation then the people's republic of china has signed a contract for the a license to production of ass u. twenty seven in china. it was under the contract with russia was to supply ports for certain number of planes but will china wants to manufacture a certain number of fear craft with the. and the deal also included some other provisions about the possibility of more knowledge being dear craft them developing the use a program further. could make honestly we do have some questions concerning

boeing claims planes for the next eighty years will be modeled on the dreamliner and they're hoping to drum up new custom for the plane during the course of this week last year's paris was disastrous in terms of orders as the aerospace industry took a beating jaring the financial crisis this year could be different according to boeing i think there is some signs you know that the market just government bad definitely no airlines you know way more interest for more than your airplanes you know definitely finance certainly is not the sole big problem like eighteen months ago bumper is traditionally a litmus test for the state of the global aviation industry and the world's biggest defense and aircraft manufacturers will hope for evidence of it taking off your and that business r.t. on. time to look at the stock markets now wall street has opened lower as expected of the health care join johnson and johnson cut its profit forecast for the year earlier today the company shares already down more than two percent along with other drugs. and in europe shares are slipping further into the red

but boeing's main hopes are riding on the new 787 dreamliner which made its european date -- debut. this test version is packed with sophisticated and the spirit it is collecting the test flight data needed for analysis before it goes into cereal production, a full two years behind schedule. >> the boeing company is always accompanied that innovate. it is always pushing technology. maybe we took a little more risk on this airplane and we should have, and in hindsight, because we are late, maybe we did. but this aircraft will be around for the ne 50 years. >> the first will not be ready for delivery until next year but boeing says it already has 56 customers waititg for delivery. >> thank you for that. large parts of central china are being threatened by severe flooding after weeks of torrential rain. floods and landslides and several provinces forced more than 1 million people from their homes. 146 people have been killed since the beginning of july. the flooding also poses a major test for china's three gorges dam. chinese media says the peak of flow of water hitting the reservoir

boeing claims planes for the next eighty years will be modeled on the dreamliner and they're hoping to drum up new custom for the plane during the course of this week last year's paris was disastrous in terms of orders as the aerospace industry took a beating jaring the financial crisis this year could be different according to boeing i think there is some signs you know that the market just government bad definitely no airlines. way more interest for more than your airplanes you know definitely finance and he is not so the problem like eighteen months ago bumper is traditionally a litmus test for the state of the global aviation industry and the world's biggest defense and aircraft manufacturers will host the evidence of it taking off your and that business r.t. . now president very fizzing finland for a two day visit to discuss trade and all the mutual interests to find out the details on joined by correspondent you're go north from the finnish city of turku follow your goal was the president hoping to get out of this visit. well daniel as you've said this is a two day visit so quite

basically dowsett be the star of this year's show the boeing seven a seven dreamliner on british soil for the first time hailed as the first new generation of airline is its just c. an't wings are made of russian titanium the seven eight seven's made of composite material and capable of traveling huge distances with this model still equipped for test flights boeing's confident it can make the first deliveries by the end of the year following a tour of the brand new plane. explained to russia's involvement. in the last few years we have signed a lot of contract most of which were for targeting in production and newly built titanium the plane. that you and i just saw consists of about twenty tons worth of titanium product all of which were made in russia. boeing claims planes for the next eighty years will be modeled on the dreamliner and they're hoping to drum up new custom for the plane during the course of this week last year's paris was disastrous in terms of orders as the aerospace industry took a beating in the financial crisis this year could be different according to boeing i th

. >> i 24i both from airbus and boeing this week you'll hear a lot of orders announced. i think we're starting to see the upswing of a cycle. we're talking to a lot of customers we haven't talked to in many, many years. we think that ridership is up. i think that's something everybody understands. we think that customers that we have will be profitable this year or next year. and we're going to sell at a lot of airplanes over the next five or six years. >> earlier all eyes were on boeing's 7878 7 dreamliner entering the airspace for the first time. it's superefficient but two years late. 860 orders but admitted the first deliveries may slip into next year. so there it is, the 878 dreamliner has arrived safely here and it's that and also the arrival here of the a-400-m transporter from airbus. it is symbolizes something of a revival for the air show. last year in paris very few orders. the previous year here in fombra orders from the middle east. this time there will be a more balanced range of orders from airlines all over the world. nigel cassidy, "bbc world news." >> a

for military planes for example boeing seven hundred eighty seven on the it's you so. composed of materials so it's a whole new level aircraft design. so if we want to be a world leader in aircraft manufacturing we should develop both the military and civil sector. i know that fuel company plans to increase the share of civil aircraft because so far you make money mostly by making military acromion. do you plan to increase the share of civil aircraft by means of the russian market or are you planning to promote your products more aggressively worldwide. there is no russian market in the aircraft industry there is the world market would do if we want to succeed and this applies to both military and civil programs we have to consider the world aircraft market and the reason we have been successful with our military aircraft is because we considered the situation on the world market and we made them competitive over the same goes for civil aviation but you when you said something strange just now what do you mean there is no domestic market. here traffic inside russia is

boeing claims planes for the next eighty years will be modeled on the dreamliner and they're hoping to drum up new custom for the plane during the course of this week last year's paris was disastrous in terms of orders as the aerospace industry took a beating in the financial crisis this year could be different according to boeing i think there is some signs you know that the market just government bad definitely no airlines you know way more interest for more than your airplanes you know definitely finance and he is not so the problem like eighteen months ago bumper is traditionally a litmus test for the state of the global aviation industry and the world's biggest defense and aircraft manufacturers will hate the evidence of it taking off your and that business r.t. . time to check out the stock markets now european shares slipped into the red in early afternoon trade off the u.s. futures traded lower indicating a weak wall street opening in a few hours it follows disappointing results from goldman sachs and five year old monkey. and mosco has also fallen into negative ground in the o

delivery has been delayed due to glitches in parts from boeing suppliers. the airplane maker outsourced 70% of parts to overseas companies to cut development costs. >> there could be some unknown unknowns. it's possible that the airplane could slip into 2011. if it does, we are talking a matter of weeks. i think once this airplane is in service and people are flying it in, they will forgive us for the fact that we were late. >> japanese airliner all nippon airways ordered all 55 but boeing delayed the delivery five times. the first order is more than two years behind schedule. >>> an unprecedented heat wave and continuing drought in russia damaged 20% of the nation's crops. the russian government has declared an economic emergency in 17 western and central regions as temperatures remain at about 30 degrees celsius. the russian grain union, the agriculture industry group estimated this year's crop yield will be around 80 million tons, a 20% drop from the previous year. the union said the government is considering offering financial assistance to farms whose

airplane maker boeing is struggling despite the upbeat mode. profits fell to 605 million euros. the company delivered fewer planes. boeing management said the airplane maker remained well- positioned for growth in 2011 and beyond. boeing is working along the clock to deliver the 787 dreamliner. the new delivery date is december. that is 2.5 years behind one of germany's most successful businessmen is dead. theo albrecht, co-founder of the discount chain aldi, i'd at the age of 88. together with his brother, he created the discount supermarket concept in the '80s. he was the country picked third wealthiest man, with an estimated fortune of 17 billion year rose. >> a rare photo of theo and karl. only once was a theo in the limelight, kidnapped in 1971. he gave his only interview. >> i am injured and very tired of course. it was very stressful. >> did you believe during your captivity it would all and well? >> i did not let that hope died. >> the brothers laid the foundation for their empire in 1948, when they took over their mother's small shop. the first branch of aldi exists tod

from airbus and boeing, you are going to see a lot of orders announced. i think we are starting to see the of swing of a cycle. we are talking to a lot of customers we have not talked to in a lot of years. riders shift is up. we think the customers will be profitable for the next few years, and we are going to sell out their plans to return cards all eyes were on the streamliner, and during the years friess -- going to sell out their plans. >> all eyes were on dreamliner. they admitted the first deliveries may slip into next year. there it is, the 787 dreamliner has arrived safely here, and it is that and the arrival here of the delayed transborder from airbus the symbolizes something of a revival of fortune for the air show. last year in paris, it was very much orders from the middle east. the thought is this time there will be a more balanced range of orders from the world. >> for the last 60 years, it has been feared extinct, but wildlife experts have rediscovered a rare metal and the forests of sri lanka's. it was caught on camera after a painstaking

wall street continued its focus on earnings today, suzanne, with disappointing results from boeing, comcast and c.v.s. caremark. >> suzanne: tom, we're just over the halfway point for second quarter results, and despite today's numbers, corporate profits are a lot stronger than they were last year at this time. >> tom: but, remember where we were a year ago. the second quarter of 2009 was a disaster, making for easy comparisons this year. that has investors scrutinizing the quality of earnings. and, as scott gurvey reports, so far that quality leaves a lot to be desired. >> reporter: earnings up 52%. companies beating estimates. margins at record levels. what more could an investor want? but there's trouble beneath the topline numbers. economic growth depends on growth of sales. howard silverblatt of standard & poor's says that is still missing. >> sales are only growing at 3% to 4%, that's why the margins are so high. sales are key here, until companies get sales they are not going to be replenishing inventory, they will not be adding to capital expenditures, plant and equipment, and more

additional corporate funding for "washington week" is provided by -- boeing. exxon mobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting. and by contributions to yourpbs station from viewers like you. station from viewers like you. thank rozat k. sabich. and they're gonna charge me. don't be seen with me, man. they' your own autopsy notes? you dictate them you may stop answering questions at any timnt? any feeling that you might be a political scapegoat? is now in session, the honorable larren l. lyttle, judge, presiding.

. >> around the globe the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> additional funding for "washington week" is provided by exxonmobil, the ethics and excellence in journalism foundation, the annenberg foundation, the corporation for public broadcasting, and by trutions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. after 40 years in congress capped by his tenure as chairman of the house ways and means committee, charlie rangel liked to say that having survived the korean war, he'd never had a bad day since. that changed yesterday. the house ethics committee charged the 80-year-old new york democrat with 13 violations, ranging from failure to report income to conflicts of interest. what's more, if no plea deal is cut, the trial on those charges will take place in the heat of an already heated midterm election campaign. how are democrats taking all of this, karen? >> well, it was just about the last thing that they wanted added to their plate

to follow boeing's example, katie. >> couric: mark strassmann in grand isle. mark, thanks very much. now to the latest on that small city in southern california where officials paid themselves huge salaries until tax payers found out and revolted. now it turns out that city manager who was forced to resign could make even more in retirement than he was when he was working. here's ben tracy. >> reporter: after years of exorbitant pay-outs, last night was payback. >> shame on you. all of you. >> reporter: furious tax payers angrily confronted the bell city council over their bloated salaries. >> you're disrespectful. you're piece of ( beep ). >> reporter: four of the five city council members were being paid nearly $100,000 for their part-time job. monday night they slashed their own pay 90% to nearly $10,000. citizens say property taxes and city fees have skyrocketed. for this woman they jumped from $6600 to $9400 in just four years. >> they looted our property taxes. take a look for yourself! >> reporter: city manager robert rizzo really cashed in making nearl

feed through into russia but according to peter westin chief strategist at on it may represent a boeing opportunity for investors. the exposure of the russian banks to the four south european countries plus ireland is two point seven billion dollars thousand times almost less than what they suppose is for european banks they will be punished the russian banking stocks will be punished but they probably will be punished and justifiably so do if you do see that negative reaction in the financials and you do see russian banks fall in with them and in fact creates another buying opportunity of russian financials. the stock markets here in moscow had a mixed day on friday financials look held by those stressed result of european banks p.t.b. and more than one percent but it was a big day for miners no real snicko ended up one point three percent reports the government may take a stake michel in one point six percent of the quarter to profit jumped to confident twenty percent year over year. is looking at announcing an initial public offering on its final business. president medvedev appears

funding for "washington week" is provided by -- boeing. exxonmobil. the ethics in excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, sitting in for gwen ifill this week, gloria borger of cnn. gloria: good evening. if you follow the economic news here in washington this week, then you would know that president obama signed one of his most far-reaching accomplishments. the financial reform bill. and it's designed to prevent another economic meltdown. meanwhile, democrats in congress and a largely partisan vote finally passed an extension of unemployment benefits for nearly 2.5 million people. and the chairman of the federal reserve, ben bernanke, was quite cautious when describing the state of the economy calling it "unusually uncertain." needless to say, republicans and democrats were not silent about their philosophical differences on how to handle this uncertain economy. >> after years of cha

shares of boeing rose 5% after receiving a $9 billion order they're looking for 30 of boeing aircraftcompany be piecing the cost of dealing with the cell is now reached $4 billion. nokia says the $1.2 billion bill company says the deal is expected to strengthen presence around the world and especially in the united states and japan that deal is expected to be simply by the end of the year. it expects to gain 7500 employes in the deal. new this morning top-secret intel has become so expensive and out of control since september 11th that nobody no rid how much people are involved and how much is being spent on intelligence washington post reports 1200 organizations in 1900 private companies are working on counter-terrorism 850,000 people from top secret. >> time is 623 back with more headlines in a moment. ?o al national pastime? saving money. and like baseball people love their stats. i started bringing my lunch to work -- 50 bucks a week in my pocket. here's a good one: state farm insures 40 million drivers. more than geico and progressive combined. i saved because i'm accident-free.

i want to thank jim, the president and ceo of boeing as well as personal burns, the ceo of xerox. our efforts are off to a solid start. american exports grew almost 17% over the first four months of this year compared to last year. a part of this is due to the global recovery. we are also moving forward on improving conditions for america's exports. since we launch a national export initiative, we made progress across five objectives. first, we said that america would be a strong partner and a better advocate in the international marketplace for its businesses and work. -- and workers. we'll go to bat from everyone from the largest corporations to the smallest business owners with an idea that she wants to market and sell to the world. already this year, the commerce department has coroneted 18 trade missions with over 160 companies that compete in 24 countries. with eight more planned over the next few months. there advocacy center assists american companies, supporting a $11.4 billion in exports and an estimated 70,000 jobs. secretary clinton recently held a round table with bus

. >>> after two years of delays the boeing 787 dream liner has made its international debut.the much-anticipated jumbo jet touched down on british soil yesterday after a test flight from seattle just in time for the annual air show. the dream liner claims to be lighter and greener than its rivals. boeing hopes to deliver its first dream liner to a japanese airline by the end of the year. >>> one of germany's busiest highways came to a screeching halt all in the name of culture. nearly 40 miles of the autobahn was shut down to vehicles and transformed into a performance venue. some 3 million people turned out for the cultural festival which featured a giant table made up of 20,000 individual tables. kind of cool there. anyone who wanted to was invited to perform. >> that's actually very cool, to close off that much of the street. >>> speaking of cool, a bit of bubbly for divers in finland, enjoying a sunken treasure that hasn't seen the light of day in centuries. >> the divers exploring a ship wreck in the baltic sea found 30 bottles of champagne believed to have been made in

. >>> boeing boosted optimism on the street yesterday, landing more than $6 billion worth of sales for its wide-bodied planes. today yahoo! and goldman sachs are on deck to report earnings. keep an eye on chairs of amazon, the online retailer says sales of kindle e books now outpaced hard cover sales. no mention of specific models with steering problems. >>> and, finally, divers in the baltic sea found an unexpected treasure hidden in an 18th century shipwreck. some 30 bottles of what could be the oldest drinkable champagne in the world. the bottom-of-the-sea bubbly is expected to go for about $65,000 a pop. >>> a $100 million hockey deal, dwyane wade says sorry, and the cardinals go homer-happy. >>> plus, texas ranger dustin nippert takes one for the team against the tigers. your early morning sports headlines are straight ahead. >>> hot weather and thunderstorms dominate your tuesday forecast but not on the west coast. your regional forecast is coming up. you're watching "early today." do i look like someone who's at risk for heart disease? well guess what, i am. heart disease took m

boeing is at a three and a half week high after today's 5% jump.it added 103 new plane orders from the farnborough international air show in the u.k. this week. competitor airbus raised its new-order target for the year. bringing up the rear for the index was travelers insurance. midwest storms last quarter hurt its financial performance. profits were a penny light as bad weather took its toll. travelers also brought down the high end of its yearly forecast as commercial policy renewal premiums are not meeting expectations. shares saw heavier volume on today's weakness. the stock has traded between 48 and 52 since late april. three other dow components turned in their financial report cards today. 3m beat the street and raised its guidance again. shares were up 3%. at&t's results were better than expected. wireless subscriber growth continued, but it slowed from previous quarters. at&t was up 2%, and caterpillar was up more than 1% after much better than predicted profits. cat also raised its yearly guidance. pardon the pun, but transportation was

the united airlines boeing 777 took off from washington, d.c., yesterday afternoon. it was headed to l.a., but as it flew over kansas, the turbulence started so the pilot had to divert to denver. passengers talked about what it was like. >> the person behind me, he actually flew up and then he landed like kind of across the aisle on to somebody else's head. so he got a bruise on the chin. >> most of the people injured had bruises and some whiplash, even sprains. about 20 of them ended up going to the hospital. there is no obvious damage to the plane, but obviously they are going to inspect that. >>> as we mentioned a short time ago, they're about ready to change the straight lightbulbs in san jose. there's a reason behind it and a reason why people are concerned. we want to check in with kris sanchez now and she has the details on what's going on. kris? >> reporter: good morning, brent. you might be able to see right behind me over this shoulder bright, white norms. but the yellow lights is what we generally see around this neck of the woods, and it can make driving

this is the first the boeing 787 dreamliner has flown outside the u.s.undreds of people came to see the aircraft. the fuel-efficient carbon composite jetliner has been plagued by production and delivery delays. the first orders from japan are not expected to be filled until next year. >>> the british open has a new champion. i'm dennis o'donnell. a play at the plate in the bottom of the 9th. you make the call. the minute is next. [ applause ] [ grunting ] [ male announcer ] venus williams doesn't let sweat and odor ruin her style. [ grunting ] [ male announcer ] new tide plus febreze freshness sport. the #1 sports detergent at putting away stains... and it eliminates odors, so your style is always fresh. [ venus ] i smell victory. [ male announcer ] if it works for venus, imagine what it will do for your family's clothes. tide plus febreze freshness sport. style is an option. clean is not. [ horns honking ] ♪ [ male announcer ] come into an at&t store and experience tv like you've never seen before. ♪ for a limited time, get u-verse tv for only $29 a mon

street, it will be all about earnings with results from bellwethers including chevron, dupont and boeing. in terms of important data, new home sales will kick off the week today followed by the home price index on tuesday. also tuesday, consumer confidence figures which are expected to show a slight dip. durable goods orders on wednesday are forecast to rise 1%. weekly initial jobless gains on thursday are expected to ease slightly from the week before. >>> and finally, benedictine nuns from a secluded convent in southern france have had their prayers answered. they've signed a record deal with the same label that signed artists like lady gaga and eminem. the nuns hope to create a chart topping gregorian chant album. >>> a winner in france, a big trade in baseball and cooperstown welcomes a new member. plus a-rod takes one on the hand and takes a seat on the bench. your early morning sports headlines are straight ahead. >>> it's still going to be a hot monday, but the humidity has dropped in many areas. finally a little bit of relief. your regional forecast is coming up. you're watching

there was an advisory commission made up of a number of corporate entities including starbucks and boeing and they came up with a plan for seattle the materials are there and if your interested i encourage you to go ahead and look at those and see the things being done with other mayors across the country. >> our system, we have two water supply systems the cedar system and toll system that supplies one third and we own the entire head waters on 90 thousand acres and we control that and it's secure so it allows us to not filter that supply and the toll system we own 15000 acres around. so we control a majority of our system which gives us a little flexibility in the way we design and manage our system and allows experiments that we could not do in other areas. again, 90 thousand acres, most of our reservoir gets a hundred thousand precipitation dependent water supply. we don't have multi-year storage so we depend on that's a rain. for us, there's a number of adaptive strategies we've been trying to figure out to invest in to deal with consequences of climate change. one of the first is to

. >> reporter: the boeing 777 took off from washington dulles airport at 5:27 p.m. headed for los angeles. the pilot flew around a line of thunderstorms, but hit turbulence over the midwest. all of the sudden passengers say there was a violent drop. >> it felt like i had gone down an elevator shaft and hit the bottom and came back up. >> the bottom fell out. people hit the ceiling. it was pretty bad. >> reporter: pictures taken by a passenger show just how bad it was. a crack marks the spot where a woman hit her head. tomato juice is splattered on the ceiling. the oxygen masks deployed. >> laptops everywhere. looked like there was a huge party on the plane, but there wasn't. >> reporter: the pilot diverted the plane to denver where emergency crews took 21 people to the hospital. most were walking wounded. moments before the drop, the pilot warned passengers to brace for turbulence and turned the seat belt sign on. in fact, most of the injuries happened to those who weren't wearing seat belts. >> that's why we insist, we always ask, please, folks, keep your seat belt