boeing built a brand-new plane for this contract. leonardo's t-100 already trains fighter pilots in israel and italy. this is an upgraded version of the golden eagle which already trains pilots in south korea and other parts of the world. lockheed says if it wins the contract, production can begin immediately. >> we can deliver new trainer aircraft at least two years ahead of the air force's schedule. the reason we can do that, low-risk, on-time, on-cost program, is because we've done all the basic design and development and test work to shea th show that everything is ready today. >> reporter: analysts expect a bidding dogfight that will come down to lockheed versus boeing. >> i think lockheed has an in-production aircraft which gives us an advantage. but i believe what boeing is offering is more tailored to what the request for proposal is all about. >> reporter: for now, contenders are busy taking to the skies to rack up test miles, in a contract face-off that could over coming months prove to be a wild ride. for "nightly business

ever since boeing began to probe this -- here's the thing. is that iran stops funding terrorism. once they do, sell them anything. that's phone. the notion that the world's largest state sponsor of terror with an iconic american company makes no sense to me at all. i don't want to see a company like boeing be complicit forever more in terror. doesn't make any sense whatsoever. >> neil: i understand what you're saying about the commercial use of planes that could be reconfigured for nefarious purposes. i do want to switch gears on the tax cuts. we're getting different readings that the tax cuts could get delayed and might be watered down a little bit. depends on the eye of the beholder. do you think we will get tax cuts this year? the president told maria bartiromo that we will. >> i do. >> neil: the timetable might slip back. they might not be retroactive. what do you think? >> 2017 is the year for tax recode. there's a consensus that the tax ave to do the ving -- healthcare thing first. are you confident you can get that done? >> look, i'm n

boeings market cap, apple could buy boeing and still have half of its cash left over.as amazing opportunities. >> to add to that, one of the most amazing things i discovered is when they are developing new products, they don't take that many resources from other teams. they build up these teams. we had a story on the ar team. a bunch of outside hires. the apple car and what. anexploration. they are adding to the categories of technology. know mark gurman will be here and breaking it off for you. david kirkpatrick, brilliant to have you with me on this friday. snap has reportedly signed a deal to get its hands on photo filters based on locations. the parent company obtained a dollars.r 7.7 million according to the filing for the , three headed $61 in revenues is made by selling geo filters to advertisers. the purchase could give them leverage against facebook. coming up, more than one million people are expected to participate in earth day events on saturday. we will explore how one of the biggest tech companies on the planet is pushing its own agenda. this is bloomberg

coming up, earnings from boeing.d out if they are seeing clear skies ahead when it comes to the economy. about check out t futures suggest that the dow would open higher 35, nasdaq hire higher by nearly 5. >>> in what year did the hash taug fir tag first debut on twitter? you don't have.. aflac! paying you cash, so you might have to sell that sweet little muscle machine just to cover your rent. more funny juice. but my papa gave me...that...car. what do you wish you had? aflac. ohh, i love doing that. health can change, but the life you love doesn't have to. keep your lifestyle healthy with- aflac! flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. rea

and they said very proudly we're going to send not a plane, we're going to send a boeing 707. they were buying our products now. because the president you have

most of the money goes to just a few big companies boeing caterpilin ge. some principled republicans move to kill this and almost did. >> they almost did. spin table. it's probably going to be rather rise. john: they can kill anything? >> here's the thing why should taxpayers be on the hook to help the state-owned airline in ethiopia by airplanes from boeing. who decides whether boeing gets a subsidy and who decides whether ge or caterpillar who decides whether ford or chevy could get a? it politicizes the economy and that's a dangerous. john: i ask you on social media what is the worst crania -- cronies and you have. sean says the pharmaceutical industry. price-gouging so nobody can enter and compete. he is right. >> it not that nobody can compete. it's the fda has total power over which products will not be allowed and to get a new drug or device takes 10 years, billion dollars. that limits competition to the few. recently people got mad because the cost of epinephrine pence have increased from $100 to $600 each. >> that's because of the psyche price of

he tweeted, i want you to make money, boeing, but not that much money. and i hope he has the pentagon take a look at costs because there's wasteful spending we need this money to be well and efficiently used, my dad was a military man who lived under the carter years and experienced how great it was to have ronald reagan come in and reinvest in the military. i think we're having a moment like that. the left hates funding the military because the military turns a lot of democrat minorities, my dad, a mexican-american who became a republican during the military because it's a culture of patriotism and discipline ap of course, merit-based promotion so i think there's a lot to it. i think there's a need for more investment in the military and i think trump's going to-- >> you point out the left. let's bring in richard. richard, we spent what could be $100 million in syria, but the mental was sent -- message was sent to the rest of the world. the moab that exploded in afghanistan, these are the things that send the message to the leaders like kim jong-un and

and look, he dealt straight with boeing. he got down the price of that plane.id: steve, the final point, it's still boeing and it still is one of these companies that have their fingers deep inside of the washington bureaucracy. how do you pry those fingers loose? >> through transparency and making those bidding procedures public and allowing as rich said, untraditional companies to come in and reforming-- the pentagon should be doing this stuff, weapons systems in three to four years and not 20. david: the trump administration should be listening to the forbes people, they have the answers to the questions. we've got to leave it at that. the cashin' in gang getting ready to roll. what have you got? >> mark cuban diving in and joining us on cashin' in. his take on artificial intelligence taking our jobs. plus, you've got to see this to believe this. why i agree with liberal comedian steven colbert what congress just did that could cost us all our privacy. see you at 11:30. david: and the irish-- and do the >> more tax dollars for the tax man. that's what some h

boeing was one of the names this morning. it happens to be up big today. leader of the dow. >> but it's a great company. we've made about 50% of our obama administration positions since putting in one of our etfs. cow. growing companies, so we like names like that. we like names that are also in one of our etfs, which is sort of a energy company, given what's going on in the regulatory front with the trump administration, i think they're going to be helped out with what's going on. liz: uh-huh and here's a. okay. actually, that's -- >> vlo is -- liz: different company. a different company you were talking about. and then jp morgan. there was an unbelievable piece over the weekend in the new york times saying jp morgan chase has somehow managed to capture the millennial spirit with its sapphire card and that is to -- i guess the negativity for american express, which is now seen as stongy. >> well, they have the highest revenues and lowest cost of anybody in their sector there, so they're a dominant force. they have a nice dividend, fairly cheap on the rela

. >> reuters said boeing is going to lay off hundreds of engineers. this is the second round of layoffs and will hit washington state. president trump visited their plant in february, where boeing was all too happy to credit the president for adding jobs. president trump tweeted, going to charleston, south carolina, to spend time with boeing and talk jobs. looking forward to it. not that the president is going to fly on the dream liner because earlier, the same man tweeted, lithium ion batteries should not be allowed on aircraft. i won't fly the boeing 787 airlines because it uses those batteries. that was back when he was civilian mr. trump. >> well, we'll see what happens there. >> we'll see. >> yeah. sam, let's go to the a.p. center. >> this was exciting because the sharks struggled putting the puck in the net. not a problem last night. a live look right now at the s.a.p. center. quiet right now, but a few hours ago, that place was roaring with fans excited over a historic playoff performance from the sharks. they scored seven goals last night wrfr

boeing did a good job. but just boeing did run up a lot. >> yeah.y do guide a bit higher driven by the lower than expected tax rate for the year. >> look, they have to do -- the dollar -- i interviewed paul poolman and he said i need your address. >> paul poolman is the ceo of unilever. >> yeah. i need to enroll you in the dollar shave club. he's selling you dollar shave club while you talk to him. the problem here is it's the emerging markets. unilever has a better business than the emerging markets. i think think that proctor does a terrific job, but not enough to move the needle. >> tryon can be part of the second half. it's a never ending effort. what is dave taylor willing to commit to, where are they? it's early days between tryon and p&g's management. i think they have only just begun to get know each over. but keep an eye on them. >> when we talk about proctor, i want to talk about ecommerce. where are they with amazon? is walmart giving you a tough time, no. clorox is 60% of the ad budget is online, what are you doing with amazon? what are

. >>> boeing is laying off hundreds of engineers. the reason? slowing aircraft sales.has shed more than 9,000 work frers its commercial airplane division in a little over a year. those departures have come mainly through buy outs and retirements. >>> uber may be forced to add a new feature to its apps to passengers can tip its drivers. the new york city regulators wants to require the mechanism despite uber's resistance. the push to driving concerns over lost wages. >>> and it is tax day in america. that means the time for procraft nation is over. your returns are considered on time if it's post marked with today's date but the irs says 80% of people will file electronically. either way today doesn't have to be so painful. dozens of retailers are offering deals to travel and spa treatments. >> giving ways four to spend your money if you're getting money back. thanks a lot. >>> still ahead, paving the way, we will meet the woman who broke the gender barrier at the boston marathon 50 years ago. >> when you tied your shoes that morning, you weren't setting out to be a rev

boeing's max eight jet. boeing also says the new jet uses 14% less fuel than the most efficient plane on the market. the flight testing is done to make sure the planes really safe for passenger flights. the problem for the carnival cruise ship means the passengers on board on a cruise to nowhere. the ship was supposed to go to mobile, alabama. the passengers never told the ship would be able to make it and back. now those who decided to stay they received a 50% discount and on board credit. and those who decided to skip the cruise well they're going to get a full refund. >>> jcpenny's close closures are delayed. >>> the fcc announced the winners of an auction of broadcast airway repurpose a television spectrum. t-mobile is the big winner paying $8 million. the company plans to use the airways to boost its network. the winners include dish network, comcast, and at&t. here in the bay area that includes kron channel 4 and kofy channel 20. in exchange for tens of million officer dollars but both are expected to

. >>> boeing meantime is planning more job cuts. in a memo to employees, the aircraft maker said it would lay off hundreds of engineers in its commercial airplanes division. the latest cuts are expected to take place in june. shares of boeing rose nearly 2% on the news to $179.02. >>> walmart is reportedly close to buying the men's online clothing company bonabos. the two companies have settled on a takeover price and they're finalizing the deal. the latest move represents walmart's desire to expand its ecommerce business. walmart shares rose 34 cents to $73.49. >>> coming up, americans are giving their credit cards quite a workout. but should investors be concerned about the mountain of debt that's piling up. >>> here's what to watch for tomorrow. a number of dow components report earnings including goldman sachs, johnson & johnson and united health care and ibm. they'll discuss the future of the insurance exchanges with president trump. housing inventory tight, investors will pay attention to the march housing starts report. and t

>> i think the earnings report will be good, i think boeing is a fantastic long-term story, because it'sorders out 10 years, so few companies have that long a visibility for their business, i like boeing, and on weakness, i would be a buyer of the stock. takeovers can take your portfolio higher, when it comes to cardinal held and most holdings, these mergers make things a lot more interesting, but nobody cared. spring is here, i'm starting any gard gardening, consumers demand for lawn mowers fuel briggs and stratton higher? could the cooler than normal weather dampen the company's prospects? you know i love surprises. i'm crunching the numbers. stick with cramer. >>> maintaining the beauty of america, to keep our fields green and our waves of grain amber. is there a company with the scale and the drive to make it in america? briggs and stratton thinks there is. >>> here's a puzzle, what the heck is going on with briggs and stratton? bgg, the maker of gasoline engines for outdoor power equipment like generators mowers and sod cutters. here's a company that seemingly reported okay, maybe n

shares of boeing were among the biggest drags on the dow today. the aerospace and defense giant reported better than expected earnings although sales fell short of expectations, due in part to fewer deliveries of aircraft. on a more positive note, it did boost projections. the stock is up by 17% from last year so perhaps a pullback is not a surprise. procter & gamble, responsible for big brands like tide laundry detergent and pampers diapers also reported mixed results with sales that narrowly missed expectations. procter & gamble said geopolitical instability could be affecting market growth and continues to see headwinds in markets. >> it's geopolitically volatile in this country as well. saudi is one of our top 15 markets. the prototypical saudi consumer has had their income cut by 20% while energy prices that they pay have increased and are set to double again in july. so that's an example of a very difficult market. and in those markets, as you could expect, it impacts consumption. >> reporter: when it comes to the dow, traders will be carefu

. >> you say the boe and other economists are not behind the curve what does it mean for the boe then? would they have to factor in more easing to contend that trend of slowing consumer growth? >> at the moment. if you look at what the pmi is saying against boe decisions, we're bang-on neutral at the moment. no tightening. no further easing. last month we slipped into the easing territory. it's saying the bank of england is likely to hold the course. keep stimulus in place for perhaps the rest of the year. that's what we're seeing. we're not expecting any big moves there the bank of england or the ecb this year. >> the pound and where the pound is heading in the near-term future. you're coming at this from an economist perspective. from was you are he what you ar there reason to fear faur theur weakening? >> we suspect so, yes. perhaps parody against the dollar as we go towards the end of this year, there is, we think, more bad news that will come in in terms of brexit negotiations. they will be tough as we've seen. there is going to be an increasing hit on the consumer side. the labo

boeing said to be delivering two iran within the next month.irst of which is due to be delivered next year under a sensitive deal announced in december. boeing declined to comment. a pharmaceutical company is looking to sell. teva's planpart of to reduce debt. the dubai gold and commodities exchange has become the first international user of cold futures. -- gold futures. they launched a benchmark in april last are so that china could control more pricing. david: that is a very interesting story oil. back to the jobs report. there is some doubt on the fed. st. louis fed president james bullard says it will not stop the bank from producing a balance sheet this year. $4.5 trillion is higher than anybody thinks it is going to be. if you want to create some policy space for the future and have the option of doing quantitative easing, you should get the balance sheet down to a reasonable size today. you have to do is allow the reinvestment policy to end. then you can gradually run off some of the size over town. is lumpy, itit does look kind of lump

meanwhile, boeing is taking the rapz off an astronaut zip line.se emergencies arise at the launch pad in florida. they sit in individual seats with harnesses. it will start a 172-foot drop accelerating to more than 40 miles per hour. 1300 feet away in 30 seconds. this is part of the sis tm for boeing star liner spacecraft that will launch from cape canaveral. that reached a milestone last month with a successful testing of a para chute system star liner will use on its return to earth. >> nasa could raise money selling tickets. anyone using google or facebook has this man to thank. he invented the worldwide web, not al gore. in 1991 he launched the first website. he won the am award today. it is the computing equivalency of the nobel prize. the honor comes with a $1 million prize funded by google. >>> and some children in san francisco were enjoying a coding competition. students from st. thomas the apostle school placed 5 th in the wonder league robot iks competition. they competed in the 6 through 8 age bracket. the online requires teams to desi

boeing, fiat chrysler, smithkline, procter gamble and twitter report before the bell.er the close, amgen and pay pal. bank of america's annual shareholder meeting today. the big vote on the table is to split the roles of ceo and chairman. that was on the agenda last year. brian moynihan won it convincingly. on the economic front, the bank of japan held the first part of its two-day policy meeting. the boj is expected to keep policy unchanged. that decision tomorrow. we'll have it on "worldwide exchange" for you tomorrow morning. >>> to a big stock mover today. u.s. steel shares are plunging after a surprise loss. landon dowdy joins us with the details. >> shares of u.s. steel tanking more than 16% in early trading today as the steelmaker reported an unexpected loss for the quarter. the firm announcing a loss of 83 cents a share. a far cry from the earnings of 35 cents that the street was expecting. revenues coming in at 2.73 billion versus expectations of 2.95 billion. the co saying while segment results improved over 2$200 million compared with the first quarter of 20

jobs, boeing planning to lay off hundreds of engineers.ve been pushing for changes and he replied in a letter to elliott management, they lose his job at the company. oliver: in south korea, they met with u.s. troops in a demilitarized zone on the border with north korea. the north to abandon its nuclear weapons program a day un launched ag-na failed missile test. kevin, a lot to keep track of here as it seems that there is a lot to do in terms of the news flow coming out of north korea, south korea, china. kevin: it is described as a one to policy punch. the first tour through asia. taking the foreign-policy concerns into account. a point of leverage. president trump has reversed a key campaign promise of his from the campaign cycle. but he's hoping that by doing so, he will be able to work the china president. between president she and president trump scarlet:. we learned the white house was surprised by china's lack of leverage with north korea when the president mentioned that he justed quite a bit about how complicated the situation i

i mean, i'm all for boeing makingoney, but why does it have to be with iran?y, moving on, lots of news today. washington lawmakers are taking on the irs right now. the irs has the power to seize your assets if it suspects you were doing something illegal with your money. no proof required. although the law is meant to stop crime, you know what it's doing? it's hurting small business owners in the process. now a new bill is making it through congress to try and limit the power of the irs. gerri willis has more. >> reporter: that's right. congress may soon make it harder for the irs to seize your money in what is called civil asset forfeiture, the tool used by the justice department and irs agents enable government to seize people's money if banking habits were similar to money launderers and drug cartels. amounts as small as $10,000 could spark a seizure. agents scam the continuous small deposits into bank accounts, they watch that. trouble is plenty of small business other than ors do exactly that with no intention of laundering money or selling drugs. randy s

i like that, boeing was going to be my first choice.a wonderfully positioned stock we're going all in. it's had amazing percent gain in 2016. it took a pause in 2016 recent earnings. we're strong, weak on the international sub-scribner growth. i think they're going to pick that up. we're look for $3,000 in 2017. >> you should have had your team to be moe moe gourd don. >> you got to be in it to win it. >> you know what brian i like his strategy, i'm a huge netflix fan. and i've said this to jim, i think there is a real chance that 2017 is the year disney buys netflix. >> get rid of espn's something like that is that what you think? >> throwing it out there. >> netflix is a thing you do when you know your schedule. you think the schedule is bing to be good. this is a beckham pick. he has to hope this company doesn't take a boat trip. >> all right third pick now in this second round. alisha's angels, bryan. >> probably the biggest surprise in the first-round picking gold because she wanted to have a hedge. are you taking oil in the second

charles: boeing under fire for its 3 billion-dollar deal to sell planes to iran.ongressman peter roskam explaining his worries to neil. >> on the day of the chemical weapons attack boeing makes announcement that they plan to sell to an iranian airliner more planes. this is just, it is completely incongruous. makes no sense at all. it comes down to jobs argument. what is more important than jobs is obviously lives. charles: iran could get boeing's new jetliner next month. we'll keep you updated. boeing is the biggest loser on the dow jones industrial average right now. >>> north korea meanwhile threatening a nuclear attack on the united states. president trump giving fbn into what he asked china to do to help get a handle on the situation. >> i think china can help us. i hope china can help us. we talked about trade. i can tell you china will do much better on trade if they help us with north korea. >> you think he knows that? >> i think he knows that. i told him that, yeah. charles: meanwhile we're hearing the chinese president telling president trump he wants to

plus, the boe inflation task to get cpi for the u.k.e figure is said to fall, wage growth remains even weaker. is the party over for the british consumer? tillerson's mission to moscow. the secretary of state arrives in russia today as the white house steps up warnings on syria, russian equities continue to weaken. how real is the risk of further sanctions? welcome to "bloomberg markets: the european open." i am matt miller alongside guy johnson. guy: 30 minutes into the trading day, let's talk about word equities are. sense of direction being demonstrated by european stocks right now. london is outperforming a little, but where we are seeing outperformance this morning is in the luxury sector. dialoguewnside, getting hammered on the apple story. aat is an index point, so huge chunk of this company's value has just this appeared. nearly a quarter of its valley -- value. anheuser, that is where you are seeing weakness in the wake of money. on the upside, the top line beat from lvmh having an effect. also, the rest of the sector trading h

brought to you by boeing. always - life can be full of unexpected surprises.p provide a little light in a possibly dark situation. the more you know. >> announcer: meet the press end game is brought to you by boeing. >>> robert draper, you wrote about a lot of this in your cover story and it just kept continuing. yesterday the president's director of social media went after an outspoken member of the freedom caucus and essentially threatened his primary. >> this is a war that president trump cannot afford to have. i mean, the notion that, as he said in his tweet, will be fighting the freedom caucus and dems then begs the question, who will he not be fighting? at a certain point he will have to build coalitions. underpinning all of that is the base of the republican party which the house freedom caucus is very much connected in. i know he feels betrayed by them but as raul labrador tweeted, we are your friends, it's these other people who are leading you astray with bad legislation. >> does labrador have a point? >> he does, but who would have guessed that the

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boeing was declared the winner. the idea was it was a three in one bargain. one common plane that could be tweaked to be suitable for the air force, the marine corps, and the navy. >> one plane fits all with minor changes. >> that was the way the pentagon could afford a massive replacement of cold war era planes. the original plan was for 2400 planes to the build for the three services that fly fighter jets. inevitably, as a plan that large without much play in it in terms of money, it ran into problems. the degree to what the designers call commonality among the variance of the planes turned out to be something approaching 25%, as opposed to 70-80%. the economies of scale went out the window quickly. costs began to overrun their targets by billions of dollars. delays set income amounted to something like seven years. >> it was let's build one model that can between. it ended up essentially making three different planes to theat contributed price, you have to have all the different changes for each plane. where did that bring the total cost to? where is it ri

a couple years ago they did sign a $1 billion deal, saying they could bring a lot of boeing planes tohina as that country does expand. we will have to see if anything does come from that. a lot of analysts are saying that if mr. xi jinping convinces donald trump not to carry on thatcampaign rhetoric, would already be a win for china. looking ahead to the next hour or so, donald trump and xi jinping and their wives will be out to dinner. they will be getting to know each other, it is the first time they do a face-to-face. tomorrow will be more substantive talks. caroline: thank you very much, live a from palm beach. our next guest says the different market relationships between president xi and trump is the most important in the world. lindsey ford is a director at the asian society and joins us from washington. it is amazing, the significance of that relationship. i am going to the bloomberg terminal, looking at a graph u.s. total trade in china, 17 percent of all world trade is coming from china. this is crucial. why is it worrying that trump is so tough on trade? lindsey: what is in

c 91 nine is built to challenge boeing's 747 box 320.ts have been delayed by production product -- production problem since 2014. catching youre breath from the results of the turkish referendum. we have the french presidential election just a week away. of course we are looking ahead and looking forward to that. there are several banks in several resource houses that are coming out with research of how to train scenarios for that. me run youhs, let through those, they are recommending selling french debt in the two round election on sunday, and on may 7. let's discuss that tactic. he is still with us of course. what do you make of all of this. what is your base case for what is likely to be a nailbiting time. ? xavier: i think a base case would be, some kind of tightening. i think it is running at over 70 basis point. it seems high, and this is a little high. outcome we do think the should not be a big surprise for the market. the yields will continue to come down. seeing his rising in the polls. the euro is doing fine, but there is ano

take a look at this chart #5548, fed, boj, boe, ecb, starting to see that the versions, no surprise isrom the boj or ecb, exitario draghi saying an is too early to talk about, things are going better and adjusting that language. we did see weakness in the euro as a response to those comments. the boj saying until we hit 2%, it is too early to talk about and exit. we are 30 minutes away from the open in china and hong kong, singapore, taiwan, malaysia coming online. some window dressing, distortion in the markets. let's get over to sophie to see how things are tracking. mix to session this friday in asia when it comes to equity markets come up at the regional benchmarks set for its biggest weekly gain in a month. breakdown,ook at the aussie stock swinging into the red, down a third of percent, and japanese shares down .2% 'sllowing that data this morning, reinforcing with the boj had to say regarding inflation outlook, and kospi on the up. take a look at the currency space as well, some weakness in southeast asian currencies as the dollar strengthens somewhat, and oil trading below $50

early this year, boeing made off about 1800 mechanics and engineers. union representing the engineers that 60 day notices will go out to workers on friday. the playmakers at the layoffs are part of an ongoing effort to stay competitive following shares doing pretty great. of more than 36% in the past year. lauren: test of faith and labor in germany. dow jones reported the most powerful union will meet today to consider calling a strike over wages. that is tesla's recently acquired industrial robotics internet. the possible walkout could come assess figures that to produce the model three, the more affordable sedan. the io elon musk plant due to its production capacity for the model three. tesla's dispute is that pays 30% below union wages and as it does in -- doesn't anticipate and the model three timeline. nicole: goldman sachs, more of the big u.s. banks post their quarterly results. goldman expected to report a jump in its first-quarter profit. jpmorgan cha a citigroup has beat the expectations. we will also hear from bank of america before the open

stuart: rosecliff capital, does it own or intend to own boeing. >> we do not own boeing and we do not intend to. there's political risk it's tough to figure out at this point in time. stuart: you don't like old industrial-- i'm labeling boeing old and industrial. >> we focus on the start-up world, companies that are going to disrupt the boeings of the world. stuart: these technology companies have so disrupted everything. >> they have and not just tech, stuart, it's food, it's clothing, the way you live your life. liz: razor blades. stuart: thank you very much, liz. next story, the new york fed says average household debt will reach the same level as it was in 2008, it will reach that level this year. big reason, auto and student loans. huge. what's with that? >> it is huge and read an article this morning how auto loans are the next sub prime crisis. everybody is trying to find the next sub prime crisis. there are tech companies looking to handle students handle students loans and auto lopez. stuart: 1.2 trillion of student loan debt and who would have thought we'd get it that. ashle

what the heck happened to boeing? i thought they had terrific numbers?ow can proctor and gamble end up so badly? the answer is that nothing is really wrong with any of these companies, except their stocks simply got ahead of themselves. investors got so excited that they bid them up to unsustainable levels, but don't confuse the stocks with fundamentals are as good as ever. while i want you to own high quality companies, i would like you to pick them off at bargain basement prices. they're having a selloff and they're doing so for technical reasons only. what kind of quarter did pepsico report? a dependable set of numbers, great execution and a lot more organic growth than coca-cola. why did it rally? it already went from 113 in february to 115 during the quarter. and pep just can't going to be rewarded for doing its usual great stuff. so you get this kind of pull back that lasts a couple of days and then you buy. it's been a core holding. as for boeing, the last type it reported, the company delivered much better cash flow, a phenomenal set of order win

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on the airline bores on airbus in boeing, very interested airbus. look for that at the 7:00 hour.erg surveillance." you are looking at the data surrounding the positioning on sterling. we have come down a long way. are we set to see a bounce on the pound? maintain their to position? let's talk to emmanuel has a few views on this. tom: peterkin cello is here with us. on sterling, this is simple. about capital flows or is it interest rate dynamics because sterling is so weak? peter: i think it is about capital flow and the interest rate side of things. you have noticed that markets have been getting excited about the boe and whether they will hike this year or next. personally speaking, i don't think they will. what is the question about kind of deal to the brits get. continue toes invest in the u.k.? i'm natural that they will to the same extent that they did in the past so we could see a roller coaster. tom: the dollar has been stable. is a two-part analysis that is about week's sterling and it is about strong dollar. what we are likely to see at the beginning of the brexit negoti

last time president xi jinping visited the us, he made the point that companies like boeing earn goodey in china. but with economic growth slowing at home he cannot afford a trade war with his biggest market. and he will have to offer help for us exports and jobs. he can promise enormous investments in the deprived areas of the united states. and in a sense allow president trump to claim that he is bringing jobs back from china to the united states. 9096 of north korea's trade goes through china, which does give president xi jinping leverage. he has already stopped the coal barges of pyongyang. and he has done a lot to discourage the nuclear programme of north korea. he does not trust him, but he trusts the us even less. china believes the us is using north korea to deploy strategic military assets close to china and is using them to move in on their territory. they will try to build rapport. but if president xijinping can they will try to build rapport. but if president xi jinping can stop a trade war and tempered the tweets on north korea from donald trump, he will call this florida

but analysts say it will come down to lockheed and boeing.r is an upgraded version of the golden eagle that military pilots in south korea currently train in and lockheed says that gives it an advantage. >> we can deliver new trainer aircraft at least two years ahead of the air force's schedule and the reason we can do that on a very predictable low risk on schedule on cost program is because we have done all of the basic design and development and test work to show that everything is ready today. >> reporter: so lockheed chose that more off the shelf strategy because it wouldn't have been able to meet the own accelerated in house deadline if it had built a brand-new design. that being said, a clean sheet plane that was built specifically for this contract is what boeing is pitching. analysts estimate that boeing has spent 1 to $3 billion in development costs on that system which it created with saab. this is the 250-a behind me and i flew in very plane yesterday. i'll tell you it's fast. we pulled seven times the force of gravity. a lot of t

according to boeing, they are going to buy $1 trillion worth of aeroplanes over the last 20 years ——ion worth of aeroplanes over the last 20 years -- next. chinese carriers are overdoing it and buying so carriers are overdoing it and buying so many planes, but over, on the other hand the outlook for global aviation looks quite dim because you have the middle eastern carriers and the major legacy carriers in the region. the outlook, long-term outlook... short—term is a different story but the long—term outlook for china is very impressive, it will overta ke, china is very impressive, it will overtake, according to the international air transport association, overtake the us probably in the next two years as the top passenger market in the world. by 2035 you're looking at 1.3 billion passengers in china coming to an travelling within and leaving china. so that's a huge number. good prospects for the chinese carriers but a different picture in europe, alitalia is holding a shareholders meeting on thursday to discuss putting the italian airline into administration. this follows a union v

and that is what we're trying to do by making this show. >> producer joy goreman and actress boe spoke for a program about sexual assault on campus. >> we want the survivors in the room today to know that your voice matters. your story is important. and your truth is real. about it tell you the story of my sglivr in the netflix tv show. >> more specifically why my life ended. >> lead character commits suicide after being raped leaving her family, friend and entire school community devastated. >> the show really shows how painful and permanent it is. so i think since we're not roman anesthetizing suicide it makes kids understand that should not be the final option that there is a tomorrow and a next year and you should reach out to anyone, crisis line, parents, loved one. >> the sexual assault aw awareness program at george mason called "it's on us" bob barnard, "fox5" local news. >> all right. let's check in with tony and shawn to see what's coming up at 11. >> lots of good stuff as you know. we'll be talking about a possible medical break through. this is extraordinary. recreating a m

haidi: boeing is delivering two 777 jets.tined for turkish and lines, -- airlines, and now they are going to iran air. the first one will be delivered next year under a tentative deal announced in december. boeing declined to comment on the iran air reports. ramy: ford has big ambitions in newa as it searches for growth. it is planning to introduce pickup trucks and make 70% of its vehicles fully or partly electric by the year 2025. tom mackenzie asked the ceo about the plans and how the meeting between the presidents would affect automakers. >> when you have two leaders to meet face-to-face, they become people to each other, so that basis i think, and reading the reports from the meetings, that is a firm foundation to then go off and make concrete advances to strengthen the ties between the two countries. there is huge, enormous, mutual ties between the two countries from a trade standpoint, and we have to tread carefully on that because the economic the basis of the overall relationship. i am glad to see both leaders meetin