at least not for boeing. it was actually -- boeing got an $11 billion deal there.est deal there. they sold 100 737 aircraft there, which is not their hottest item. but it's a pretty good deal. they sold it to an air leasing company. but jim mcnerney came in just for context, remember everybody, a really troubled place that you had phil condit who had a pretty stormy controversial reign. many questionable deals in terms of defense contracting improprieties. and then a guy came in harry stonesafer a great guy, and he got caught up in a scandal. jim mcnerney came in this fallen icon and brought tremendous stability but also incredible growth. this is the best decade in the entire history. literally ten years to the day jim mcnerney took over. if you hear bells ringing in the background, i apologize. i'm on a train. >> i thought you were going to say you're at an airport jeff. >> no. >> this has to do of course with the explosion of demand for commercial aircraft in asia. it's a great time to be rung an airline arguably and supplying the equipment arguably. >> it is. a

. >>> boeing has a new chief. the dow component a today that its board has elected dennis mulenberg to succeed jim mcnerney. beginning july 1st, mcnerney has held it for the past ten years, and he has been with the aircraft maker for some 30 years. >>> a lawsuit filed in illinois accuses boeing of building airplanes ventilated the cabin with toxic fumes and now some of those w say the fumes cause them to pass out to ensure the air is clean. phil lebeau has more. >> the lawsuit accusing boeing of having faulty ventilation in its airplanes stems from a 2013 alaska air flight where four flight attendants got sick including thr who passed out. >> the next thing i knew i was on the galley floor, and the other flight attendant was on the p.a. system just mumbling incoherent i got on that flight i was healthy and i got off that flight and i have never been the same since. >> the other flight attendants say they were breathing toxic fumes because of the way boeing has ventilated thousands of airplanes for decade. it pulls

airbus and boeing dominating and orders coming through.st the bank the chinese orders -- francine: the chinese order what impact will they have in the next two or three years? guy: that is the underlying question. whether china will step in and break of the duopoly between boeing and airbus is what everybody is asking. the chinese at some point it will be being in aviation. the question is when will it happen? maybe a whole series of opportunities. a narrowbody airplane that boeing produced for years and years. will the chinese step in? the question people are asking is how big will the chinese be how will they change the market and what does it mean for boeing and airbus and the u.s. economy a european economy? it will be an interesting show. more coverage. the ceo of boeing and the ceo of airbus is coming up as well. francine: guy, thank you. looking forward to a lot of these interviews. the twitter question -- will chinese breakup of the boeing -airbus duopoly? we will be back. ♪ francine: welcome back to "the pulse." i am francine lacq

flight attendants claim boeing exposed airline passengers to toxic fumes. and american scott kelly on the dangers and discomforts of a year in space. what does it smell like in there? does it smell like a gym? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: this is our western edition. the confederate battle flag is seeing stars tonight after corporations and politicians ran over each other in a stampede to trample the banner into history. wal-mart, ebay, amazon, sears, and k-mart rushed to drop confederate merchandise, including t-shirt and belt buckles. valley forge, a flag maker, said it would stop stitching the stars and bars. the seams ripped with the massacre in south carolina at an african american church, and the suspect who embraced the flag. south carolina legislators had fiercely defended the banner which flies on the capitol grounds, but today, the flag they lined up behind was white. adriana diaz is there. >> i don't hate nobody! i got white friends. i got black friends. >> reporter: protesters took to t

. >>> this morning, four flight attendants are suing boeing. they same boeing knows about an effect that allows fumes that can cause serious illness to leak into a cabin. we have new details in this investigation. >> reporter: july 12th, 20022, a flight makes an emergency landing in chicago with four flight attendants seriously ill after complaining about fumes in the cabin. two of them passed out. >> the next thing i knew i was on the galley floor and the other flight attendant was on the pa system just mumbling incoherently. >> paramedics rushed all four of the hospital six disoriented and struggling to concentrate. two years later three of them say tremors and memory problems prevent them from returning to work. now all four are suing boeing accusing the plane manufacturing of exposing them and the passengers to toxic fumes that seep into the plane's ventilation system. >> i got on that flight. i was healthy. i got off the flight and i have never been the same since. >> reporter: most modern aircraft are ventilated by bleeding outside here b

counteras its a-350 two the 737 from boeing.e smaller front, airbus has boeing has the a more max, fuel-efficient version of the best-selling 737. boeing and airbus both predict that about 75% of the traffic is on the smaller airplanes. the budget carriers all by these things and that is why they are the focus right now. what are we expecting in paris? they are not unveiling any new big models like they had in the past. they are expecting about 23 billion u.s. dollars in orders this year. that is a far cry from the record. $120 billion in last year alone. expected. korean air expected to split its order. ge leasing expected to go with 60 a-320. jumbos and about the larger twin aisle planes? stephen: not a lot of focus on the big superjumbo from airbus. very little being said about the 747-8 intercontinental. the focus is on the smaller airplanes. if the larger are going to get some love, it is from resizing them a little bit inside, squeezing in more seats. boeing is still trying to sell the old 777 er. that will have 14 more se

boeing presidentnt announced he is going tackle challenges in his company's defense and commercial businesses. but first, one of the rlds best air force us and a long history innovatio that hasas the attention of u.s. air force leaders. its planes are engagedn iraq and afghan -- in iraq and africa . along with the rest of the french military the air force received a bunch to cover anti-terror measures in the wake of the charlie hebdo attacks. we met with the chief o of the air force, who will arrive north of viinia to become nato's next commander. >> the budget increase was justified by the security. the homeland security is covered byby what we are running outside of franch. -- outside france. what we are doing in iraq, this fight againstt terrorism. we have so more peop in different areas. we had them introduced again in e defense. the a3 30 taers, 12 of them ordered. we tend toave more transport aircraft. these are the main priorities we have >> there was a deadly crash. it was a test aircraft in spain. do you still have confidence? it was an engine control progress -- engine control probl

i fly boeing. >> you fly on boeing airlines that were bought by their actual customers. >> okay. >>>e have the leader helping companies tap the power of those considered too shy. and we're going to talk about the housing bubble and go housing bubble hunting. more data pouring in. plus we have the arkansas governor joining us on his state's plan to create tomorrow's leaders in tech. and later, biotech high flier working on ways to treat cancer. we've got the ceo of kite pharma with us. "squawk box" beginreturns in a moment. >>> welcome back to "squawk box." what do tech pioneers have in common? well, they're all introverts. and usually they prefer listening to speaking yet they're often overlooked in our culture where being network savvy are prized above everything else. our next quit her job to pursue this quest. she's author of "quiet: the power of introverts in a world that can't stop talking" and her ted talk is one of bill gates' favorites. now she's started a company to help businesses cultivate the potential of their quieter employees. susan cain is the cofounder of quiet revol

over the next couple of days the ceo of boeing will be joining us.e talking to the ceo of airbus. check out bloomberg.com. a special page dedicated to the 2015 airshow. anna: we will take a short break here on the program. we will be back to paris. ♪ anna: welcome back to "countdown ." 7:30 here in london. let's look at what is happening on the currency markets. we've got some -- let's not do that. let's tell you what is happening on the equity markets. we are half an hour away from the start of european equity trading. on friday, we saw weakness across european equities into the u.s. session, and again into asia. now we are going to see some weakness coming through once again. we can see it on the futures. it looks as if we are going to be weaker on european equities may be down more than 1% on the cac 40 and the dax in germany. that is the equity picture. let's talk about what is happening on the foreign exchange markets. euro-dollar, 1.14 at the beginning of that period now 1.12 or so. during the middle of last week is when that started about the

stephen: that is randy 10 tinseth from boeing. the canadian playmaker, bombarded your -- bombardier, is here. in advance of the flight, my colleague has been looking more detail at this seafaring jet. >> world, meet the sea series the coming out of bombardier's new passenger plane. they previously focused on business jets and smaller regional aircraft. the cs 100 and its sibling, the 300, is meant to hold 162 300 passengers. it is a market clearly dominated by airbus and boeing. bombardier has been struggling to bring the program off the ground. it is almost $2 billion over budget and 2.5 years behind schedule. still, the passenger air show is said not to be make or break for the plane. >> it is a significant show to be able to talk about products, but for us, sales is a job 365 days a year, and for me the air show is another event. >> before the show in paris, he had orders for just 243 at crash. in the meantime, airbus and boeing have racked up thousands of their rival jets. bombardier shareholders have been wondering about the

four flight attendants have filed a lawsuit against boeing which supplies planes to many of the world'sairlines accusing the manufacturer of knowing about a defect that allows toxic fumes to leak through the engines and into the cabin, potentially affecting the air all of us breathe on board. here's nbc's tom costello. >> reporter: july 12th 2013, a medical emergency on board alaska airlines flight 769. the plane diverted to chicago. >> we immediately began to feel ill. just dizzy nauseous. we just couldn't think straight. >> reporter: four flight attendants complaining of nauseous chemical fumes in the cabin. two of them passed out. paramedics rushed all four to the hospital, sick disoriented, and struggling to concentrate. most modern aircraft get fresh air by bleeding outside air through the plane's engines and into the cabin. but a burning oil leaks inside the engine it can send toxic fumes through the ventilation system. two years since the incident vanessa woods and two fellow flight attendants claim tremors, neurological and memory issues have kept phlegm returning to work -- kep

plus, boeing ceo is enthusiastic about the production of the 737.y spoke to bloomberg at the air show. jim: this plane was really worth everything we went through to get it done. you are right we do have a challenge to get down the learning curve. but volume is our friend here. we are going to go up to 14 per month, and no wide-body has ever gone that far. mark: mcnerney told the french newspaper that the 737 will break even the rest of the year. the u.s. -- a senior u.s. congressman wants to spin off the faa into a nonprofit. he says it would protect it from political interference and budget uncertainty. john schuster says that would find it with user fees. will beed auto workers nextgotiations with ford month. talks of gm and chrysler begin july 13. forgets its term on july 24. u.s. gasoline prices are up again, but rising out of lowercase host of the average price of regular jumped three cents per gallon in the last two weeks to $2.87 per gallon. it is the smallest height in nine weeks. the highest price in the continental united states was $3.62

all four are suing boeing. acusing the plane manufacturer of exposing them to toxic fumes that seep into the ventilation system. >> i got on that flight i was healthy. i got off the flight and i have never been the same since. >> reporter: most aircraft are ventilated by bleeding outside air from the engines. if a seal inside the engine leaks, burning oil can mix with the air. it cited internal documents the lawsuit says boeing has been aware of the danger for decades. including this 2007 e-mail from a boeing engineer who laments barack obama line is bottom line is we know about it. >> they've known there is a problem, they know the contaminants come in through the bleed air. >> emergency landings for fumes are not unusual. there's no good data on how many parges might have suffered ill effects. a man died after claiming he had been poisoned from fumes. in april a british coroner found symptoms. we are concerned that if certain mechanical failures occur, the cabin environment may contain contaminants. the natio

boeing is 100.t p and g, and boeing. >> i think what the analysts are really looking for because i think most of them think we have a winning hand the company has been doing well. the future is bright if we execute. i think that the source of reassurance that they can draw on is that we have crafted that strategy together. >> by the way, i was also thinking big departures in q 2. mcnerney, costolo, her dockmurdoch, chambers. >> those who want a sense of history, go to the boeing wing of the museum. you'll see what jim is capable of doing. telling the boeing story. maybe boeing, the most important part of winning world war ii you can make a case for that our air force, how many planes they bulletilt, and that museum is stirring. you'll be shocked about american industry. >> interesting point you make. july 1st we'll see a lot of significant change in the generational change in the ceo suite for iconic companies. >> people are in their companies. i regard that as young. mcnerney i said jim, come on yo

that complains -- compares to boeing's 380 order. of the confirmed orders boeing comes out on top.irbus received over 60 million confirmed orders. in france a popularity contest on the railways. it is hemorrhaging customers in the market. younger researchers are choosing cheaper car pooling options as ted -- instead. mark has details. mark: where would you want your train to go? would you want it run by the high-speed rail service that allows customers to book the train trip they want to take. and dealing with the popularity of transport bands -- brands customers are encouraged to share their experience on social network. these passages have worked for a particular train. the 15 most popular services in each state will be run by the network operator. it will only cost a maximum of 35 euros. with about 200 trains covering 30 destinations. the move is a response to a surge in popularity by carpooling. and they move that will allow intercity coach services in france. it is being headed by the government to kickstart the economy. the giant get the upper hand over its competitors. there

airbus andtalks with boeing for possibly a new model that would enable you to do that. are you in talks and how optimistic are you? >> the main reason was this lack of viable intermediate points, and that is largely because the concerned are not giving us the rights. currently, there isn't really a viable aircraft that could fly nonstop. butsed to fly the 8345, that is not efficient enough. indeed, we had been talking to the oems, airbus and boeing, to try to get them to make an newraft on -- based on technology to offer a nonstop flight from singapore to the u.s. discussions are ongoing. haslinda: any feasible timeframe? >> as soon as possible. manufacturers are telling us, you need some time. i can't give a timeframe until they give me indications. have aa: you seem to comprehensive strategy in place for singapore airlines for the long to come -- time to come. when you take a look at the share price, investors don't seem to be buying into that story. sia stocks down 5%. -- pacific of which up 17%. what have you got to say to shareholders? >> i would assure them they s

a big story for boeing, a change at the top, david.some concerning news linked to your bank account. when it is time to tap into the emergency savings, 30% of the americans have none, zero, zip. that is according to a new survey by bankrate.com which also found 65% of respondents do not have sufficient emergency cushion to pay for six months worth of expenses if they lose their job. that is the highest level since the financial website began tracking since the great recession. culprit, lack of growth in household income retalked about before and remains a missing link in the economic recovery. melissa. melissa: the housing sector is looking rather healthy after new encouraging data came out. more first-time homebuyers taking the plunge in may to catapult existing home sales more than 5% higher that is the highest in six years. today new homes sales data shows a seven-year high with 526,000 sold last month. back to discuss all of this, kennedy, dan henninger along with thestreet.com's personal finance expert laurie lyons. i always had t

jim mcnerney, the ceo of boeing. in two weeks' time, he will celebrate 10 years running boeing.uite an achievement. tom: guy johnson, thank you so much, with jim mcnerney. richard haass is with us. with final thoughts this morning. what would you look for germany to do, given all the different situations in europe today? ambassador haass: the question is how they manage the grease issue and second, how they deal with what the russians are doing in ukraine. here is a country that has been on underachiever, an underperformer. is it prepared to play a larger role in europe and the world? when does germany -- almost like japan -- when do they become normal countries? tom: i cannot say enough about "foreign affairs magazine." the type is big. you can read it. i can also read the forex report. let's do that right now. the euro, one point 1211. stay with us. -- 1.1211. stay with us. "bloomberg surveillance." good morning. ♪ announcer: this is "bloomberg surveillance." tom: greece and its creditors moved toward realism. time is running out. as deposits run out of greece banks, tsipras c

this plane boeing sphaifn 787 dreamliner. garuda wants 30 of these. intent to buy 30 of those again it tells you about the hesitation in the market and saudi airlines from the kingdom of saudi arabia says it wants to buy 20 regionals. the big stuff is just not coming through at the moment. however we do have to remember it is just 75 months to the next big air show in du by. >> much more ondubai. >> much more to talk about. the address is aljazeera.com. ps 100 billion usd in reconstruction money spent here intended to forge a peace after more than a decade of blood shed. so where is it? >> nobody was in charge. nobody was held accountable for basically wasting billions of activity. afghanistan.

stephen: it is the hottest rivalry in aviation, the between airbus and boeing. airbus has come out on top at the end of the first day monday. but boeing is coming through with the launch of several 737's per we are going to see both major aircraft manufacturers adding new orders as the week goes on. they tend to end pretty neck and neck as the week goes on. it is not just aircraft manufacturers that are here, it is airlines as well. in the past few hours, we've had the sky trax airline awards take place. turkish airlines won four major awards ink including best airline. thank you for being with us on "france 24." congratulations on your win. what is your secret? >> in the last five years, we make sure that we are working hard enough. work for them, and they will love you. stephen: you say passenger growth at the same time, passenger numbers up nearly 9% again. where are you seeing future growth coming from? >> we are a traditional european airline. passengers were our boss, you know? from their, we expand really heavily in africa, central asia. we grow in the nu

boeing made dennis mueller berg as new ceo. grexit, followed by a frexit. marine le pen outlines her vision of the future of europe. we will bring that exclusive interview. do way and on all of today's stories. alexis tsipras heads to brussels today to meet with creditors. finance ministers are meeting tonight. are we going to get a great deal in the next 24 or 48 hours? i would love to hear your thoughts. you can find me right here. ♪ mark: i am mark barton in london. this is "on the move." . it could revise profits without being taken over. the paris-based conglomerate said the vote to turn down the offer was unanimous. the cable unit valued the business at around 10 billion euros. the greek prime minister will meet with the heads of the ecb, imf, and the european commission president in brussels today. that is ahead of a separate gathering of area finance ministers in the belgian capital. they discuss differences over a greek aid package. french president francois hollande has called an emergency meeting after wikileaks reports the u.s. spied on him. acc

he has been at boeing for 30 years and helps its defense wing boost profits. mcnerney had been ceo for a decade and will stay at boeing into next year to ensure a smooth transition. shares were down. blackberry tumbles after announcing disappointing results. shares plunged more than 4% in new york. the company posted a bigger than expected loss of five points per share. i have shifted their focus from phones to software with handset sales at their lowest in years. >> there are multiple things one have to do. there is not one thing that you can just do. the new designs we said we would release at the end of the year, i think all those things will add up. she militantly, we will get back on track. angie: petro china expects profits to rebound in the second quarter. said profit for the first half of the year would reach about 40 billion yuan. second-quarter earnings at almost $5 billion. way ahead of estimates. cost cutting was behind the rally. they are expected to report second-quarter results in mid august. china and the u.s. are holding their seventh round of

boeing. just named its successor to jim mcnerney.t boeing president and chief operating officer dennis mulen mulenburg. he will become ceo july 1st. jim mcnerney will remain on the board. the current coo dennis mulenburg becomes the coo effective july 1st. >> netflix will split its stock 7-1 effective later in july. right now looks as though it will be payable on july 14th to stock holders of record at the close of business on july 2nd. boeing gets a new ceo dennis mulenburg, effective july 1. netflix announces a 7-1 stock split effective july 14th for shareholders of record. back to you. >> thank you. we'll have much more on those two big stories. new ceo announced for boeing to succeed jim mcnerney. >> how calmly dom said a 7-1 stock split. >> gary cohn we were just hearing about the potential risks that lie in that clearing house system that dominates derivatives. what can regulators do about it now that it is making the system safer? >> clearing is very important. we need to be careful what we clear. we should be clearing the mos

the apple is between airbus and boeing.his time hostility between airlines and cells that is making the news. guy johnson is in paris for us and he joins us day one to boeing then guy. guy: day one to boeing definitely. there was a close run. the order flow bigger than anticipated. people are talking about demand picking at this stage. maybe because of lower oil prices meeting the less inefficient planes are required. maybe that is still the case but this time around there is next to twist as well. if you said between airlines themselves, we're seeing the gulf carriers, the u.s. carriers and to a certain extent the europeans fighting it out. they fight is between the gulf carriers and the u.s. carriers in yesterday we got more fuel added to the fire. we spoke to qatar's ceo and he made it very clear that the oneworld alliance which he recently joined which includes american airlines's airlines membership could be in doubt. >> they welcomed us and new york and it is the airline with the new management that does not understan

for companies like boeing, lonorthrop there's $55 billion on the line.ane wells has more. >> the next defense contract will be the bomb, well, real. a cost of $2 billion per aircraft. w the air force wants a new bomber at a quarter of the pr >> northrop is competing for the deal. total value of the contract could reach $70 billion. as the b-2 ages along with older b-1s and b-52s, it's anyone's guess who will win the secretive contract. northrop has expertise in building bombers, boeing knows how to build a lot of aircrafts. since this will be the last big contract for a manned combat aircraft for 20 years, whoever loses may have to get out of that business. in fact some analysts wonder if northrop wins will boeing's incoming ceo be under pressure to buy his rival. lockheed is okay either way, as it has the massive f-35 contract. california and florida are offering hundreds of millions of dollars in tax credits, hoping to land those manufacturing jobs but they may have to wait a while, there's always the possibil that when the contract is announced later

next to the paris air show airbus and boeing continues to heat up.oeing still in the lead at the end of day two at the end of tuesday, compared to just over 16 billion for airbus. that was likely due to the aircraft leasing company for 100 737's. more deals being announced today, but boeing still looks to be in the lead. the paris air show is not just about the manufacturers of course but also the thousands of companies that supply them with parts and technology. 3-d printing is playing a larger role in billing aircraft. airbus revealed the more than 1000 parts of its a-350 had been used using a 3-d printer. i spoke with -- about the advantages of manufacturing for companies like airbus. >> the benefits is the wait compared to the cause, compared to the value of the part. you can build layer by layer, sunset of building a lot of material, you can build the inside with the structure, which is going to make it much lighter. so the benefit for the manufacturer will be the low conception of fuel. stephen: let's stay in france for our next story. a much l

. >> that's where that alley way is where the wall is boeing, right? >> right. >> is the footing of that retaining way, in the devisidaro street property based on what you saw, or is it in the adjacent properties? the footing? >> okay the footing itself my understanding, when we asked for the survey in the office we had a meeting with them concerning the posting violations, the footings were on the property line of the walls, the footing itself was not on the property in dispute here. >> in devisidaro. >> right. >> so the footings, are clearly in the other property not the devisidaro property correct. >> that is correct. there is 4 or 5 survey shg in this house, they will comply with the martin run survey there. >> we notice they bow into the devisidaro property, correct? >> yeah any where 2-7 feet. >> it bows depending on where you are looking at the walls. >> correct. >> because it's boeing into the property, it's falling, even though the footing is still in the other property -- i'm kind of confused why we would think that wall is in the devisidaro

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after the break we've got the brand new ceo of boeing dennis muilenburg and the outgoing ceo, james mcnerney, joining us on cnbc. aring them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. ♪ what if we finally had a backyard? that'd be amazing. ♪ hey, what if we took down this wall? ♪ what if this was my art studio? what if we were pre-approved? ♪ shut up. from finding, to financing. how'd you do that? zillow.

boeing plans to do the same demonstration during the paris air show. >> like being on a roller coaster. good night. >>> tonight, breaking news. a prison worker now under arrest, accused of helping two escaped killers, as locals are now told to clear out of the search zone. >>> skin deep. questions swirling over an naacp leader whose own birth parents say she's actually a white woman masquerading as a black woman. does it matter? >>> life without sunshine. children forced by disease to live in the shadows, and the camp where they can enjoy summer like everybody else. >>> and dino might. meet the real-life paleontologist who helped bring dinosaurs "jurassic world" as the movie roars into theaters. "nightly news" begins now. >> announcer: from nbc news world headquarters in new york, this is nbc "nightly news." reporting tonight, lester holt. >>> good evening. our top story is breaking as we come on the air. a suspected accomplice in the new york prison break is now under arrest. joyce mitchell, a prison worker who police say may have developed relationships with both escaped cons, is to

phil lebeau back with >> reporter: a busy day here at the paris air show with boeing airbus focusingess on the number of planes ordered and focusing more on the types of planes and the airlines that are ordering those aircraft. airbus announced saudi arabia airlines is the launch customer for the new a-330300 regional plane which will be used on high volume routes in the middle east and in asia. meanwhile, airbus says the new plant in mobile alabama, is on track to open in september and deliver its first finished plane next year. the plane maker is prepared t as it expands production. >> we have it in shape. we know how to work together with them to anticipate the issues. >> rep meanwhile, boeing announced kutr airways will buy three of the airplanes which a backlog of more than 5,000 planes boeing is expecting to set a new record with more than 750 planes being delivered this year and sooegthe sikh sayso is looking to profit. >> volume is your friend when you're trying to make money. we have big fixed costs. we have ree industry has never deliver as many airplanes as we delivered la

instead, airbus at 146, boeing at 79.us over the last year, not real impressive returns. up 6.9% and 7.1%. so the bottom line is this. yes, there were orders here today, but this is clearly a much more moderate pace to the orders that we've seen announced here. there will be more tomorrow but when it's all said and done there will clearly be a drop down compared to what we've seen over the past few years. guys, back to you. >> phil lebeau out in france for us. they said lebeau was going to wear a beret. >> i wouldn't know, there was so much noise going on with the shirt and tie, he could have been wearing one, i just didn't see it. >> i like honeywell better. it is a very diverse business and it is extremely well run. cyclical business are margins that are just improving. if you're going to hold one of the conglomerates. if you look at why orders are down, oil prices are down so airlines are not replenishing as much as they were back then. they were trying to get much better planes that were new and more fuel efficient. t

we start with that 7 for 1 stock split at netflix, and later boeing's new ceo. but first, julia boorstin on netflix. you saw this coming clearly, julia. >> absolutely, simon. the 7 for 1 stock split will be effective in the form of a dividend payable on july 14th to shareholders who have owned the stock as of july 7th. this news of course sending netflix shares trading higher in after hours. this was very much expected, simon. after the company at its annual shareholder meeting about two weeks ago took a preliminary step for the stock, which is expanding the number of possible shares. now, this was key because they needed to get that done before the stock split. two weeks ago i reported that the split would be anywhere between 5 for 1 and 10 for 1. here we are with a split at 7 for 1. right in the middle there. now, the purpose of the split is to bring down the price of the

. >>> boeing under pressure. knew about fumes. >>> facebook revealing new tools as it looks to stay ahead of google twitter, and others in the mobile ad market. ♪ >>> live from the most powerful city in the world, new york, this is "squawk box." >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm andrew ross sorkin along with becky quick. scott wapner is here sitting in for joe. we are about 90 minutes away from the opening bell on wall street. dow looks like it would open up higher. nasdaq looking like it would open up about 11 points higher. let's also check out the markets in europe at this hour. things look -- by the way, if you'd invested in greece in the past day oar two, you would have done okay. the index up a little over 4%. >>> let's get you caught up. there is market optimism right now being driven by hopes for a greek debt deal. but the biggest obstacle may be here at home where people are angry over prime minister tsipras. we'll hear more about that. michelle caruso-cabrera

the fight between boeing and airbus resumes. economy announced $20 billion in orders for neri body jets. -- narrowbody jets. the ceo is ecstatic about the 737. he spoke to bloomberg at the air show. >> this plane was really worth everything that we went through to get it done. now you're right. we do have a challenge to get down the learning curve and to ring efficiencies out of the production line. our volume is our friend here. we're going to get up to 14 a month and no wide-body has ever gone that far. erik: he told the french newspaper that the 737 program will break even. we will have a live report from paris and next hour. olivia: two california homebuilders will merge this morning. the new company will have about 74,000 homes and a market cap of more than $5 billion. expansion plans include establishing a presence here on the east coast. it is the company that has made some of the world's most legendary firearms like the m-16 and the cold 45. now they have filed for chapter 11 bankruptcy protection. cold says it has been

in order to smooth the transition boeing celebrates it's centennial next year. 1981 as an intern and ran the company's defense and space business. he has been seen as the successor since being promoted in 2013 but the news came a bit sooner than expected. both men spoke to cnbc fast money saying there won't be any major shifts in strategy. >> it's a little bit of a generational shift. in a month or so i'll be 66: he is 51. this is a very long cycle business where living with your decisions is important. >> we are well positioned as we head into our second century as a company ramping up our commercial airplane business growing our defense business international internationally and we're investing in productive and innovation for the future. >> boeing stock more than doubled during his ten year as it regained it's crown by the number of aircraft deliveries. shares are up 11% this year. it's over the high cost of producing the 787 dream liner jet. it loses about $30 million for each dream liner it delivers each month. it will also include ramping up production of

cnn's aviation analyst and boeing pilot les abin has more. ♪ >> for boeing, this airplane is very importantesigned airplane. the 787 is an almost all composite aircraft. it is one of the most fuel-efficient aircraft designed out there. it's done to kind of enhance the performance aspects of the 787. remember, this airplane was taki taken off with just test pilots, maybe a handful of people in the back, but very, very light. so, the performance, like any transport category airplane, would be pretty spectacular. the perspective from it looks as though it's a 90-degree angle. you can't really get a transport category jet airplane up at that angle for any length of time. a lot of warnings will go off at some point. these test pilots, this is kind of the fun stuff for them to do. they've gone through very methodical systemic and very safe procedures for every airplane that's released. it's a fun experience to show a paris air show crowd exactly how much performance their new airplane has. >> that is amazing to see that plane take off, straight up from the runway. >>> fans of the american rock ba

boeing and airbus are very robust. the new once are coming out with efficiency and improvement over aircraft. and we've got a lot of share that we've gained on those airplanes so we feel good about the output. >> reporter: you've dot the content, particularly in the cockpit, we're going to see the "c" series fly later today. it stumbled there's no doubt about that getting off the ground. when you look at that over the next year do you find them gaining the traction that they need? >> yeah we do. they're getting through the flight test and certification program. as we've found in all airplanes that's a risky venture. but we're excited about getting that into the experimentation phase and then in the market. >> the last question the smart cockpit, we've talked about this in the past years when you've been here in the show and we've had you on. we're about to that take that next leap with even more capability inside of the airplane? >> yeah, we're equipping the aircraft. it's much more than just the smart airplane. it's n

up, changing of the guard at boeing. the incoming ceo dennis muhlenberg will have a lot of decisions to make when he takes over next week. hidden treasures. we look at some of the rare books and documents housed at your local library that you probably know nothing about, if you have even been to your local library. and justice department investigators already went after currency traders, now looking at the treasury market, and whether bond traders engaged in any collusion. scarlet: have you been to the bronx public library? when i was a kid, i used to go almost daily to my local library in ohio. it was kind of a civic center. with the budget cuts, not even open on the weekends. we are a few hours away from a pivotal meeting between alexis tsipras and his creditors. there is no deal for a bailout. braylon capital has been betting on a relatively happy ending here. ultimately, you believe a deal would be made. will there be a deal made by next week, two weeks from now? >> the timing of the deal is more difficult to predict

. >> boeing plans to add more seats to one of its most popular planes. tell you how that will further cramp passengers and in another way david. >> all right, guys, it is going to be warm today a fair amount of sunshine but at least less humid than yesterday. so, shorts and t's for the kids and they won't be sweating quite as much. we'll have your afternoon call and the return of a stretch and heat and humidity coming up in the accuweather 7-day. >> ♪♪ [ electronic dance music playing ] feel like a kid again with dunkin's new oreo and chips ahoy! flavored iced coffees. blank earth to tom! just day dreamin'. about an in-ground pool? yeah! i am! with a hot tub? uh-huh. and a waterfall! how did you know that? you've got that new instant game from the pennsylvania lottery. oh yeah! super $1,000 frenzy. with top prizes of $300,000. [announcer] want to see your dreams come to life? you could scratch your way to instant winning. the pennsylvania lottery. bring your dreams to life. people of the coffee drinking world, dunkin' has a dark roast coffee that's delic

now all four suing boeing accusing the plane manufacturer of exposing them and the plane's passengersraft have ventilated by bleeding outside air into the cabin. but experts say if a seal inside the engine leaks, burning oil can mix with the cabin air. the flight attendants' attorney says it happens once a day somewhere in the world and citing internal documents, the lawsuit suggests boeing has been aware of the danger for decades, including this 2007 e-mail from a boeing engineer who laments, bottom line is i think we are looking for a tombstone before anyone with any horsepower is going to take interest. >> we know that boeing has known this problem exists since the early 1950s. they've known there's a problem, they know there's fume events. they know that contaminants come in. >> reporter: emergency landings for fumes or smoky cabins are not unusual. but there's no good data on how many passengers might have suffered ill effects. in 2012, british airways pilot richard westgate died. he was on medical leave for 15 months after claiming he'd been poisoned by toxic cabin fumes. in apr