and it's not like boeing is in debt. $4 billion in profits last year.e orders as you indicate, and what i see this becoming, unfortunately, is a race to the bottom. and that's not a race that we want our workers to be in. that's not ultimately a race that's going to be good for the u.s. economy. >> doesn't question come up about boeing's quality because the work force is there in seattle, all of the infrastructure, when i say infrastructure, i'm talking about all of the guts that are put together to put an aircraft like this together. this is going to have to be major facility construction in these other states that simply can't match what seattle has right now. what about that? >> absolutely. i've been to the campus and it's state-of-the-art. the work force is the best in the world at making airplanes. they actually have a comparative advantage. they do very well at that. and so it would take a lot. and one of the lessons, and this is the shocking thing to me, of the 787 dreamliner which had a lot of challenges coming out of the gate, that a lot of tha

runway, all of which the boeing plant here has.ut they have yet to come to a contract agreement with machinists, and hamilton believes that could be a deciding factor. >> right now both sides are in their respective corners doing their testosterone battle. >> it's huge. without the 777x here, i see the whole factory closing up in a matter of years. >> reporter: boeing expects to make a site decision early next year, with production giving in 2015. ♪ >>> at this hour it's -- i guess we can say wall street is stuck in reverse here, the dow is now down triple digits. investors continue to worry about the possibility of the federal reserve pulling back its economic stimulus soon. >>> the dow is up 21% for the year, however, and the stock market boom is very good news for pensioners. corporate pension funds will be able to cover 96% of future obligations. last year that number was 77%. public pension funds are also seeing gains. >>> the biggest increase in unemployment numbers. however, seasonal volatility may have impacted that data. >

the boeing representatives expected any airline trained to fly the aircraft. an aircraft pilot to have certain skills, and it seems as though in this case those skills may not have been there or been strong enough to deal with a situation like what happened in san francisco. >> is the problem with tripping? >> it may be training and aircraft procedures, and assumptions made by the designers of the aircraft. it go back to the design on the 777. were there assumptions made by pilots, going into the future? as the faa reports perhaps some of those that the airline pilot would have basic skills, perhaps they are no longer valid and the training should be reconsidered. >> are pilots relying too much on technology. >> some are if they don't have the proper procedures and proper examples given by senior pilots and if the industry as a whole. and the manufacturers of the automated systems don't emphasise the fact that basic aeronautical skills will be necessary no matter how automated the cockpit may be. do you think we upcovered a problem that needs attention. >> i d

more on that and it's everything you know is wrong and last month the state of washington offered boeing eight point seven billion dollars in taxpayer funds to keep its operations in jobs in the evergreen state and while that may seem certain it's actually common practice all across the united states so what can we do to stop this blatant form of corporate welfare i'll tell you it's united states. in the best of the rest of the news america is the richest country on planet earth but every morning millions of americans wake up to a life of poverty and despair according to u.s. census data in two thousand and twelve forty six point five million americans are living in poverty including sixteen point one million children and with a life of poverty comes other struggles like hunger in two thousand and twelve seventeen point six million households didn't have enough access to the food and nutrition needed to survive while millions of americans are struggling to survive lawmakers in washington are out concerned are more concerned about preserving corporate tax breaks and helping those who need

a very special thank you to everybody at boeing's vertical lift division. i'll be back next week at the same time. until then, have a great week. >>> the first hard deadline for the affordable healthcare act only a week away. anyone buying coverage on the exchanges has until december 23 to sign up if they want coverage to start on january 1. republicans we

last month a washington state legislature agreed to give an airplane manufacturer boeing a staggering eight point seven billion dollars in tax breaks in the attempt to keep that company from relocating elsewhere and taking thousands of jobs away from the evergreen state on those tax breaks were approved boeing turned around and told members of its machinists union to sign a new contract which meant giving up their hard earned pensions for a risky for a one k. plan union overwhelmingly said no to boeing's plan and now the airplane giant is threatening to move out of washington state or at least part of their operations and is looking for potential suitors elsewhere in the u.s. that's where missouri comes in after word of the union's no vote spread missouri governor jay nixon called a special legislative session in that state where lawmakers then approved a giveaway of more than one point seven billion dollars in taxpayer funds over the next two decades to try to talk boeing into moving to missouri but that move came just months after nixon the governor slashed a whopping four hundred m

titled bold and finally in today's big deal rachel courteous and i talk about the state battle for boeing and i'm not talking about archery not you won't want to miss it and it all starts right now. our lead story today j.p. morgan the bank is dominating headlines yet again and no not this time for paying exorbitant fines to the federal government or for jamie diamond's after our sit downs with eric holder but for now protests nepotism now over the past couple months the new york times has run a series of stories exposing j.p. morgan's practice of hiring the children of china's crime data crim in order to secure business from the chinese government now the actual size was something of a quote open secret at the bank and violates several american laws. federal authorities have obtained confidential documents that shed new light on the bank's decision to hire the children of china's ruling elite and the documents are actually pretty funny true story now the new york times writes the documents include spreadsheets that lists the bank's track record for converting hires into business deals an

history conditional on boeing keeping their jet liner production their original ask you are these tax breaks than economic sweeteners are the only way of attracting business in today's economy comforted between all of these states as you said more than a dozen really underlines to me who has the power in this situation right boeing set a deadline the deadline is tomorrow everyone come at us with your proposals by then and state governments are scurrying to meet this proposal and to have to meet this deadline and have the sweetest possible options for boeing so what it says to me is perhaps it's not the only way to do business but it certainly seems to be the way that business is being done now and all of these companies are very much the ones with the upper hand but is this kind of a race to the bottom i mean like in terms of workers' rights and for the labor well you know that's a i think that's a really important policy question that a lot of policymakers are wrestling with right now even though a lot of people are asking why. is it that boeing is getting these huge tax breaks where

titled gold and finally in today's big deal rachel courteous and i talk about the state battle for boeing and i'm not talking about our trade not not you won't want to miss it and it all starts right now. our lead story today j.p. morgan the bank is dominating headlines yet again and no not this time for paying exorbitant fines to the federal government or for jamie diamond's after our sit downs with eric holder but for now protests nepotism now over the past couple months the new york times has run a series of stories exposing j.p. morgan's practice of hiring the children of china's crammed a crim in order to secure a business from the chinese government now the app store size was something of a quote open secret at the bank and violates several american laws. federal authorities have obtained confidential documents that shed new light on the bank's decision to hire the children of china's ruling elite and the documents are actually pretty funny true story now the new york times writes the documents include spreadsheets that lists the bank's track record for converting hires into busines

saab beating boeing for the brazilian air force order.he v-6 jet planes worth $4.5 billion for the next decade. when he three percent higher. a bit of m&a, edit of jet fighter for you. >> things for that roundup. let's bring you some pictures from vladimir putin. he is beginning a marathon q&a session over in russia. this is where he gives his floor, as takes open open as you want to believe. we will get back to that with ryan chilcote. this is before the sochi winter olympics began in 50 days time. let's get back to basics. how to deal with this taper. this is the senior global asset allocation strategist at ubs investments. we are having a little bit of a jump there. >> more m&a. >> this is a feature. a sweep of deals today, do you expect more and what is going to be the hot m&a industry of 2014? >> we think it is going to be tech. it is very much like 2000, 2001. they are forecasting about a 30% rise in global m&a. it could be in asia as well. we expect to see that pick up. that would be very good for the equity markets. >> what i want

this is the latest move in a batting between boeing and the union. they have been exploring ending the production out of the north-west. the local union voted one boeing offer down and another labour offer was rejected. now union officials are ordering another looking at the second office. replaces pensions with a retirement plan, and requiring workers to pay for more health care. some union workers made it clear they want another chance to strike a deal. >> i believe it will be different. i believe people know that jobs are at risk. families are at risk and community is at risk. a union rep tells us they'll vote no on the contract and are working out details on when the vote will happen. >> no matter where the 777x is built it will bring in many millions. >> a final deal between san francisco's transit system and the two largest unions is in site. the tentative agreement ends eight months of negotiations including two crippling transit strikes for bart. the contract gives workers more paid medical leave, which was the final obstacle in the way of a

it's decision time for boeing. the jet maker is now sifting through proposals from states attempting to bid for the contract to build its new 7-7- 7-x jet. deadline day was tuesday. at least six states outside of washington reportedly submitted proposals. production was uprooted from washington, where boeing and its union clashed. boeing will make a decision by the end of the year. also, reports say polish airline "lot" will receive 32 million dollars in payback from boeing for costs related to its flawed 787 dreamliner jets. the fda is moving toward phasing out antibiotics given to animals processed for meat. cattle, hog and poultry farmers give animals antibiotics regularly to ensure the animals are healthy. however, the use can can spur drug-resistant illnesses in humans. the agency is now asking pharmaceutical companies to voluntarily stop labeling drugs used for treating human infection as acceptable for animals. monsanto is digging into a growing market. the company is working with a danish biotech company to

i think the boe will stond. think there are early signs of it. >> is the boe -- at what point will it strengthen? at what point will the boe have to do it? >> i think the boe is sort of behind the curve or lacking, the best way to describe it, in terms of anchoring its credibility. when the fed sets out its bar charts, its plots and for expectations of the fed funds target rates in the next few years, markets believe to anchor it straightaway. the boe has given much discretion. maybe next year we'll see more in communications. >> but you also have to wonder at what point the market is going to challenge the fed's new forward guidance, lower for longer. but we already see the belly of the curve, yields are rising and two-year yields are rising, as well. at what point is the fed going to push back? >> i think two things. going back to the earlier story about unemployment benefits starting to expire, if that isn't offset and if that doesn't start to impact growth, the fed starts to push back. secondly, watch for th

we'll cap it off with boeing.ying higher after they announced late yesterday it would boost dividend by 50 and approved $10 billion buyback program. largest in the company's history. boeing shares are up 8 1% so far this year. back over to you. >> dom, thanks very much. >> let's talk about that. could boeing stock fly even higher from here or will it finally be grounded? i got all the lame puns out of the way. >> thank you for that. john joins us from gfi group saying it has more room to run despite the climb. guys, welcome. john first to you, i would love to know why after this run you think boeing goes higher from here? >> we think actually boeing has a beta of one. we expect the market to go higher. backlogs are nice. we love buybacks. we love when the company's on our side. the institutional ownership is below 80%. we think that will ramp up. don't think you can have another nice move of boeing. as well as the fact they're buying back about 10% of the float. they're going to have to go and compete against boei

airbus or boeing? what do those customers want now?, they're choosing different ones. do they want the 787, the airbus 320? and what are you able to do for them? >> well, with the size that we have, so we'll be the go-to lessor for any airline in the world who's thinking of refleeting, they will come to us for sure because, first of all, we have the biggest part business in the world as well, we bought it back as part of the deal. so if an airline wants to get out of older, fuel-inefficient airplanes, they'll say, aircap, can you take these? then we'll say do you have some newer aircraft, sure, we have them, and then, of course, boeing and airbus will want us to cooperate with them -- liz: what will you do with those older jets? >> we will lease them out. those airplanes, there's still a great demand for them globally, and also we have the capability just to disassemble them and sell them for the parts as well. liz: so will you hire? how about that? layoffs or hiring, you said no layoffs, how about hiring? >> well, look, the business i

lee conk cook had less than 45 hours at the control of a boeing 747. he told investigators he was worried me might, "fail his flight and be embarrassed." >> a former new orleans police officer convicted of manslaughter has been acquitted. david warner was serving a sentence after fatally shooting henry glover. an appeals court ruled warren should have been tried separately from four others charged with a cover up of the death. warren said he feared for his life when he shot glover. >> the right to remain silent is usually reserved for those arrested. the dallas police station is allowing officers to take the fifth temporarily if involved in a shooting. mark schnyder has more on the policy. >> a police officer shot and wounded a mentally ill man doing nothing threatened. his partner said in a police report that the suspect held a knife and lunged at the officer who shot the man. >> a month later the department announced a new policy. the police chief would not talk to us. a police union vice president would. >> i think the whole goal is to get what happ

the report also says boeing wants the site for free or very low cost. a spokesman tells us the company has no comment on the report-- but expect to begin looking over porposals from other states this week. royal dutch shell is pulling the plug on plans for a gas-to- diesel conversion plant in louisiana. costs to build the plant were originally estimated at 12-and-a-half billion dollars. high material and infrastructure costs pushed it to $20 billion, which included a 112-million-dollar grant from the state of louisiana. it would have created 740-permanent jobs with annual salaries of roughly a hundred-thousand dollars. a genetic testing company will no longer sell certain test kits. online company-- "23 and me" will suspend the sale of "health" related genetic tests to comply with the u.s. food and drug administrations orders. the fda warns that warning that erroneous results could cause customers to seek unnecessary or ineffective medical care. 23 and me will issue refunds to customers. it will also continue to provide dna ancestory-related information

. >>> and also speaking of travel, it's a battle for boeing.look how states are competing to woo the company to build a new production facility. the incentives? huge. "after the bell" will be right back. ♪ [ male announcer ] here's a question for you: if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on t right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. so i deserve a small business credit card with amazing rewards. with the spark cascard

. >>> plus battle over boeing.tes fight over who will get to build its new jumbo jet. >>> and what the british prime minister is saying about that selfie with president obama. the anger all one sided? i hear rumblings from the people who cover the heat that the heat are not in love with players in the payer side, there is real hate here. >> there better be. they can really mess it up for them. when they dislike there, yeah, i think there is dislike but they've got the bravado. they got their chests out. it's still their game. but that's where the home court advantage is important, this game is important because miami used game seven to advance to the championship. they don't get one tonight, i mean, they don't get one in the end, that game seven here in indianapolis could be a problem. >> welcome back to joorms. i'm john siegenthaler in new york. here are our top stories. thousands of south africans are paying their respect to nelson mandela. thousands of people had to be turned away today because there are too man

boeing. rob, i want to get your comments on gatwick in just a moment, but first of all, boeing.e that have suggested this industry and boeing has a large defense side to it. it is going to be struggling going forward. this is a very positive vote of confidence in this business. >> absolutely. it is also part of a reward for the investors. on the defense side, actually, the outlook isn't great. there is more uncertainty after the budget agreement in the u.s. at least there are some parameters on which you can size your future defense business. >> does it mean the dream liner shoes are behind them? >> there is a new version that will be fielded next year that looks much more -- slightly larger and that program seems to be going much, much better. boeing is entering a cash-generated period. they are going to start delivering a lot of airplanes now that 78 7's are going outside the door. 777, we don't have the same level going forward. >> it is much easier. and it is much further out. it is not going to be eating a lot of cash for another couple of years. this is a good period for b

. panel ist( discussin design concepts and characteristics inside the boeing 777.in the cockpit aret(i] supposed to wor. before they began, chairman herzman began the hearing by outlining the five points ofi] focus of this hearing.xd ill discuss today a boeing t(777 flight deckko des concept andt(c characteristics. two, asian. p (t&háhp &hc& apilot trainingw3 on boeing 777; approach fáprocedures, three, effects and influence of autoçó four, emergency response and crashworthiness and occupant r(r"e the pilot, not repla the pilot. >> reporter: boeing's john cashman, the retired boeing executive said, we designed the cockpit automation so that the pilot is, quote, the final authority. clearly, as we first reported  issue in thisñr xdccrash, auto a automation and how it mayc have played a role on this crash that killed three and injured more than 180. this hearing is expected to last well into the evening here on the east coast. we will be monitoring it and covering it throughout the day and bring you the very ñrlatest. that is the latest from washington,ok d.c. i'mw

i am not talking about boeing, per se. i am talking about this because i want you to own stocks you like, believe in and have done the homework on. i want you to participate in the great capitalist wealth creation engine by picking ceos you want to invest with, who are doing a terrific job of surfing long-term themes. what are the waves you'll be riding? for boeing, it's the need for new planes that are fuel efficient because the cost of air fuel can eat up 50% of the budget, which is why you can't get a dream liner to 20/20. take a look at that deck. take a look at the slides they put out today. they had new products like film that enhances lcd panels, and they improved the energy-efficient abilities and reduced the composite materials. honeywell, it's seed planting and producing new products for airplanes and refiners and for whole foods? it's the pursuit of good foods that are healthy, organic and made, in the case of brooklyn, by local artisans and merchants who come together to create a gigantic farmer's market within

meanwhile boeing has begun testing models of its new triple-7x -- this is done with miniature models in a wind tunnel and is a major step in a plane's development process. a 2-day investigative hearing gets underway today in to the crash of asiana airlines flight 214. 3 people were killed after the jet built by boeing crashed on approach to san francisco international airport july 6th. the hearings in dc will focus on pilot awareness in the aircraft which was highly automated. testimony will include the design of the b-777, pilot training of the high tech instruments on board. and how the korean government overseas the training program. there will also be comments from the san francisco fire department on the emergency response. the new, largest airline in the world gained a little altitude in its first day of trading... floating above $25 for a brief time. american airlines group-- the new name for the merged american airlines and u.s. airways opened on the nasdaq under the ticker a-a-l. our cover story examines how it looks on takeoff. (clang, clang..(opening bell)) american airlin

and boeing is at our airport. hangar in fact. >> chicago corporate headquarters and they keep their planes here in gary. >> exactly. so we think it's a logical place for them to grow their business, and it's a logical opportunity for us to be able to grow around our transportation assets. >> they do have a lot going for them here. i'll tell you. one of the things i think they actually have going is this is cool urban ruin. a lot of people come here. they have shot music videos this place. this is the old, as i said, the what used to be called city methodist church. take a look in here. you got to see this. this is the old sanctuary, amidst this ruin. maybe dave can come down here and give you a look what this looks like. people come in here all the time to look at the grandeur that was this place. take a look up in the rafters. man, you see an incredible edifice. a lot of city looks like this. it has a lot of assets. as the mayor points out. maybe gary is on its way back. david: i hope so. i also hope and pray tha

particularly the use of auto throttle during the landing of the boeing triple 7 at sfo. boeing played out, even though automation could be a huge help in the cockpit, it doesn't replace the pilot. >> the pilot is the final authority for the operation in the airplane. we try not to put in design elements that could override the pilot. as we fly out as nation as a tool to aid the pilot, not replace the pilot. >> ntsb chairman, hearsman pointed out, the asiana planes flew for 19 seconds, be hoe the landing flight slope at sfo before the pilots reacted. by then, it was too late. the plane crashed, three people were killed in the crash. later this afternoon, they will be discussing the emergency response, one we will hear from san francisco officials, deputy fire chief and he will talk about the crash and more than likely, the young teenage girl, who suffered, for the young san francisco fire truck who also died in the crash. a long day ahead. this is not about assigning blame. this is about finding out what went wrong, ficking the problems so another crash doesn't happen aga

on boeing's latest 7-7- 7 x jet. a lot of air travelers complain about treatment at the hands of airlines but it's the behavior of passengers that has airlines calling for new laws. the number of incidents of unruly behavior in the air has grown from fewer than 500 in 20-07 to more than 6-thousand in 20-11 -- that according to an airline trade group that has been tracking the incidents. we spoke with one aviation expert who is not surprised at the call to give more latitude and authority to flight crews. "right now, flight crews feel hamstrung. they can't do much besides have a captain call ahead and have security waiting at the gate. so without any real options at the flight crew's disposal, it plays to the advantage of the unruly passenger." "you look at what flight attendants have to do to deal with passengers squeezed into smaller seats on crowded flights and they need something. whether its the ability to write citations or restrain with handcuffs, if necessary, they need more options." the international air tra

we have a rail, highways, the airport and boeing is at our airport.ve that hagar. >> chicago corporate headquarters and they keep their planes. >> we think it is a logical place for them to grow their business and a logical opportunity for us to be able to grow around our transportation access. >> this is a city with a tremendous history, it was founded, named after the president of u.s. steel, kind of like calling me tell and jobs or gates and this long history more recently has been difficult. you are a harvard law school grad who has come back to gary and you want to make the city what it used to be. >> absolutely and because of our story history, our relationship with industry and the fact the we were created by one of the largest multimillion-dollar corporations in the world, that does provide promise for our community and the fact that we can -- not just industry but other opportunities, i believe it is transportation and logistics but we can be a force to be reckoned with in economic development. connell: a lot of things going for you but the m

and this is why it's so important that we're losing the last few remaining things and once we lose boeingand we can export the weapons you know how much longer will people even believe in these hollywood stories we've reported on this ratio before debt to g.d.p. growth the. going back to the one nine hundred fifty s. it was almost want to once america would issue some debt and they'd get some some kind of g.d.p. kick as a result of it but it requires more and more debt to quibble cape equivalent same g.d.p. dollar of growth and what we now have is clearly a case of zombie banks and zombie corporations that would not survive if they weren't being transfused with.

. >> these boeing machinists are making it clear, they want their team to build boeings latest 80, a triple seven x. >> i wanted to get something started get some activists out here with me, and try to keep it here. it would have also assured assembly of the triple x. they now want formal negotiations to begin again, 8500 jobs are at stake, and the company has gone shopping. soliciting bids to land the assembly lines for the newest aircraft. >> fund mentally what bowing is asking is for any new location to replicate what is here in washington. >> at least 15 states are believed to be part of the bidding war, as of this week, missouri is offering $1.7 billion in tax rates the washington state, is offering five times as much, $8.7 billion the biggest corporate tax incentive in american history. it is a pricy, but worthwhile investment in the states future. je, it's been valued over $8 million but we think that will yield $21 billion in new revenue to the state over that same 16 year period. >> tax breaks are not the only requirements for the state that will ultimately build the triple

this is the latest move in the battle between boeing and the union. the aircraft making explores the triple x out of the north-west unless workers agreed to contract confessions. one boeing offer was voted down. a later offer was rejected outright. now, union headquarters is ordering a vote on the second offer. it would replace pensions with the 401 k style retirement plan and require workers to pay more for health care. some workers made it clear they want another chance to strike a deal. >> i believe it will be different. people know that jobs are at risk. family and community is at risk. workers will be urged to vote know. >> chase bank is taking steps to protect customer debit cards. the move affects two million chase card holders. chase is limiting 18 withdrawals to $100 a gay. and restricting total card purchases to $300. chase recommends customers go into a bank branch for additional cash. >> 40 million shoppers who were exposed at target - all customers this weekend are being given a 10% discount and free monitoring of people who bought in the

boeing! okay.oes a stock shortage mean an abundance of -- shortage of aircraft plays, maybe so, the twitters and facebooks of the world are winning because we don't have enough of them. "mad money" will be right back. >>> coming up -- mighty meds? generic drug manufacturer perrigo has been benefitting from the consumer and the stock is feeling healthy up over 40% this year. is it time to write yourself a prescription? don't miss cramer's exclusive. >>> and later, stocking stuffers, there's plenty of christmas cheer this time of year and cramer's feeling particularly generous. all week he's revealing the stocks to stuff your stockings with that could provide gifts all year round. tonight, two industrial power houses that could provide lift heading into 2014. plus, smooth sailing? american energy is powering industrial growth across the country and moving these newfound reserves has provided opportunities of its own. navigator holdings operates the world's largest fleet of heavy-sized liquefied gas c

they will hear from witnesses, pilot's association, some from boeing, we will have updates throughout the morning. >> right now it is wednesday december 11th, i am pam cook. >> steve, it was cold but not as cold. >> it is correct, 22 to 42, the lows are in the city but not all services but some areas on the coast are showing more 30s and we have cool to nice and then this afternoon 52 to 62, still a freeze warning and frost advisories for other areas. 20s and 30s and 40s, 40 fso 43 san francisco, 43 san jose, 26 santa rosa and it is cold for some. it will be another sunny day, just cruising on by, but overall, not as cold. just a whee bit here a couple of lower 60s, here is stall. there is there is an injury lane blocked and paramedics are trying to get to the scene at caesar chavez. they are working as fast as they can and this crash was just reported less than ten minutes ago and it is already causing a big back up on southbound 101 and right now it is not so far affecting the skyway but it will soon. if it starts affecting the bridge, you will start to see and hear a big back up. y

and this is why it's so important that we're losing the last few remaining things and once we lose boeing and we can export the weapons you know how much longer will people even believe in these hollywood stories we've reported on this ratio before debt to g.d.p. growth going back to the one nine hundred fifty s. it was almost one to one so marriage issues of debt and they get some some kind of g.d.p. kick as a result of it but it requires more and more debt to quibble cape equivalent same g.d.p. dollar of growth and what we now have is clearly a case of zombie banks and zombie corporations that would not survive if they weren't being transfused with more debt continuously which means that good businesses are being crowded out by zombies and it also means that you've got a. total loss of competitiveness so this is the worst thing really that quantitative easing is done to america it's just reuters competitiveness down the n.s.a. spying on top of it and again the only thing left are these belligerent quantitative easing moderating fear mongering really trolls whether it's john kerry going

looking at 3m and boeing. boeing 1.3%. i have been leaders in the dow.about 11 points. as a boost their dividend by 35%, so

awarded a four point five billion dollar fighter jet contractors of sweet in it was expected to bed boeing would receive the contract but and i quote the n.s.a. problem ruined it for the americans a brazilian government source told reuters on condition of anonymity. anonymity those brazilians sure have a wacky sense of humor anyway the reason this is a problem is that new research suggests that humans descended from jellyfish more specifically the related warty see walnut a lot in this blog of blogs and blog and blog and there's warty seawall not lives inside all of us but especially inside americans floating through the credit space seeking to soak up more debt to feed the pool of the ribs and fraud in which it floats and survives and whilst awarding america debt not can survive on very little real wealth creation it does need some real income to keep its pyramid of debt due from imploding especially these days of the fed trying to taper its ponzi and as weapons and hollywood are the only two sources of export income it appears this population of war you see walnuts may soon be going hung

many questioning why boeing lost. it is a lack of trust created by the spying scandal. u.s.ed of course that the spied on the brazilian government. reports that the national security agency intercepted the president communications with staff. the president of brazil called it "an affront." and she called off her visit to washington. does that mean that it is? spillinginto the corporate worldis she being reticent to take on the assets of boeing, and going for a swedish company? saab share up the most on record. the defense minister has not been explicit about whether this decision is linked to the spying scandal. >> the defense minister himself has said the cause of the performance and the cost of aircraft. and because of the willingness technology.ransfer that is why they won out over boeing. saab has tried to make itself out as a less costly, more reliable alternative. and a french company was also overlooked. and saab has made inroads in south africa, thailand, and hungry. -- and hungary. and there is the question o

. >>> so what just hppened at a major boeing plant that shows unions may be blocking new jobs in americaedictios, gary b., take it away. >> brenda, casinos, i went to a casino on thanksgiving and it was mobbed. i think the same will be for the holiday season. i know, i'm a crazy guy. mgm is up 40%. >> we love that side of you. polar bear on that. >> you have to gamble those stocks. >> all right. john, your prediction. >> i discovered less than two weeks ago i like this stock. it's up 20% in the next four or five months. >> i didn't even know they were still along, s i'm going to say bear. >> the unions and boeing couldn't come to an agreement on pension numbers, so boeing, i'm going to go build the planes somewhere else. the unions blew it again. >> jonas, your prediction. >> americans have never been richer. $77 trillion in wealth. time to buy some expensive luggage and go on an expensive vacation. >> by the luggage,he stock, how does he talk that fast? >> are you talking to me? >>> fixing the budget, hi, i'm neil cavuto. depending on your point of view, your budget works, but whatever.

and what would you give to land a $10 billion boeing facility. it turns out some cities and towns across america literally giving the collective shirt off of their back and then some to lure boeing. jeff flock is in one such town. ♪ [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call e internet of everything. ♪ it's going to be amazing. and exciting. a maybemost remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets twork. cisco. tomorrow starts here. it's not the "fumbling arou with rotating categories" card. it's not the etting blindsided by limits" card. it's the noame-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take-- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1. cash back on ery purchase, everywhere, every single day. so let me ask you... at's in your wallet? [ male announcer ] if we could see energy... what wo

months. >> i didn't even know they were still along, so i'm going to say bear. >> the unions and boeingn't come to an agreement on pension numbers, so boeing, i'm going to go build the planes somewhere else. the unions blew it again. >> jonas, your prediction. >> americans have never been richer. $77 trillion in wealth. time to buy some expensive luggage and go on an expensive vacation. >> by the luggage, not the stock, how does he talk that fast? >> are you talking to me? >>> fixing the budget, hi, i'm neil cavuto. depending on your point of view, your budget works, but whatever. that budget deal passing the house and heading to the senate next week in passing the buck to travelers. it doubles the so-called airline fee to raise more cash are. you feeling safer yet? this is about $5.60 or so each flight to keep us safe. and it's double what it was, but it's good because we're safer. >>

looking at 3m and boeing. boeing 1.3%. i have been leaders in the dow. three and added 19 points, boeing about 11 points. as a boost their dividend by 35%, so many people buying stocks, a great way to get some return on their money. boeing approving a share buyback repurchase program showing confidence in the company coupled with a dividend raise of nearly 50%, so that is a big deal as well. they really are indeed bucking the trend area did back to you. lori: check the calendar. one week left until christmas. turning to their smart phones. discount luxury retailer is taking the world by storm with mobile with mmre than 40% of its revenue generated solely by mobile sales. joining us, michelle, good to see you again. congratulations i really strong holiday so far. thanksgiving sales driving revenue more than last year. black friday up 60% in revenue over last year. the big trend you are seeing is mobile. a lot of steps pointed to profitability hopefully very soon. >> we have crossed the threshold and are profitable company. we make sure we find something e

you can see in this video just released, the boeing 777 spun out of control. aviation experts, representatives from asiana and those involved in the response testified at the hearing. asiana officials insisted their pilots, including one landing flight 214 were well trained. >> captain lee is a well experienced pilot. >> an investigation concluded he was very concerned about the landing. the airport automatic landing aides, the guide slope were out of service this was his first time landing the jet at sfo. the chief pilot says he has confidence in lee. >> they shouldn't feel about the concern about the pilot to land in san francisco without the glide slope indication. >> i do not have any concerns. >> reports said captain lee told investigators he was unfamiliar with the 777 auto flight system, prompting a response from this chief pilot. >> we expect pilots to use a level of auto mags that is appropriate to the circumstance. >> the report from investigators released today the documents that, is, reveal that not one, but two fire rigs ran over the passenger. we

california wants boeing to set up shop in the state.ifornia will submit a bid to the company in an effort to land a production facility for the newest jetliner. according to the "sacramento bee" the governor will submit the proposal to host production of the 777 x airliner. boeing spokesperson says the company expects to make a decision by early next year. >> at the supreme court state goes head-to-head over a vool intended to reduce air pollution that travels from one state to another. the epa issued the good neighbor rule in 2011 but it was struck down by a federal appeals court. the supreme court could reverse that decision. the rule would require 28 upwind states to reduce the pollution carried to other states. now eight states are asking the epa to make the rules stricter but others say back off. >> the states that are opposing the epa are saying no, you can only regulate as needed to neat air quality standards. >> at least 15 other states like kentucky and west virginia are arguing that the standards prevent states from creating t

boeing isn't saying what it's plans are, but it just took out a lease, for 1 dollar, for 468 acres ofstate land near its plant in south carolina. this after one of the company's main unions again rejected boeing's offer for a new contract to make planes in the company's home region around seattle. as talks have founded hearly 2 dozen states have been making nice toward boeing, hoping to be picked as the new home to build the next generation 777. toyota is in talks to settle lawsuits related to sudden acceleration. the automaker will enter an "intensive settlement process" and begin conferences on a case-by-case basis in february. it has settled several lawsuits but still faces more than 300 of them. toyota has blamed driver- error for crashes since 2009 that have caused serious injuries and in some cases, death. but it recently lost its first trial in a sudden- acceleration case when an oklahoma jury found that defective electronics on a camry caused an accident that killed one woman and seriously injured another. ford is on a tear. it announced it's about to embark on, quote, "the fa

lee was training on the boeing 777. still, one pilot says he had confidence in lee. >> did you feel concern about the ability of any asiana pilot to land in san francisco without a glide slope indication? >> i do not have concerns. >> the reports that captain lee cold investigators he was unfamiliar wauto flight system. the board will public a final report. no word on how long that will take. >> and we have a pretty good idea now of the sequence of events. this animation shows it best. the image in blue shows what a normal approach should be. the other shows the approach the plane made that day. you can see coming in too low, too slow. the tail then brea off, then flies down the runway, spinning almost cart wheeling before going airborne, coming to rest between landing strips. abc7 news leanne melendez joins us now. you spoke to a daughter of a man who survived that. >> reporter: that is right. eunice started to text her dad the first text said are you okay? are you on plane? meaning the plane that crashed he meanwhile