that's boeing recently slammed by u.k. pm theresa may on its sales. calls we have a long term partnership with boeing various aspects of government and this is not the sort of behavior we expect from a long term partner in this undermines. the pm talking the next goldman sachs remain a mark carney of the bank of england but of course what she was referring to was boeing trying to destroy the canadian company. just like u.s. companies allegedly helped thwart this project overseen by the mentor of president u.k. labor leader jeremy corbin i'm here to join with the people who built the concorde in this flight knowing now that the sixty eight are going to be built and will introduce. that come to. supersonic u.k. french concorde would be more bold thanks to companies such as lockheed allegedly lobbying the us government to prevent it flying to los angeles so that the plane could never fully make its money back there were other reasons but either way new york has never since been three and a half hours away from london this tim

firms are going after iran and one big exception is boeing as you mentioned they actually have a deal going with iran to deliver eighty commercial jets for a list price of about seventeen billion dollars u.s. secretary of state rex tillerson was out saying that if you got special licenses and boeing did so then those still should be in place as far as we know now but still there was a little bit of pressure building up on the stock price of boeing and at the end we really have to wait and see how this all plays out. still a lot of reports coming in next week we'll be covering them with you thank you very much and carter in new york was saying the u.s. washington is hosting be a leader of global finance this weekend two events are coming together the annual conferences of the international monetary fund and the world band plus a meeting of g twenty financial officials the talks started earlier this week and will and on sunday they will allow government officials demick said executives to discuss global economic trends the i.m.f. forecasts that the global economy will expand by three po

that's boeing recently slammed by u.k. pm theresa may on its sales. calls we have a long term partnership with boeing various aspects of government and this is not the sort of behavior we expect from a long term partner in this undermines partnership the pm talking the next goldman sachs remain a mock colony of the bank of england but of course what she was referring to was boeing trying to destroy the canadian company. just like u.s. companies allegedly helped thwart this project overseen by the mentor of president u.k. labor leader jeremy corbin i'm here to join with the people who built the concorde in this flight knowing now that the sixty eight are going to be built and will introduce their vision. come to a supersonic u.k. french concorde would be more bold thanks to companies such as lockheed allegedly lobbying the us government to prevent it flying to los angeles so that the plane could never fully make its money back there were other reasons but either way new york has never have since been three and a half hours

boeing supplies the us navy and air force.n europe and canada that those, they were paid well over what they would have been paid if they would not an american company because they wanted to keep this prestigious brand boeing growing and making profits. they complained that this was a subsidised gig for delta and that, first apartment has thus far agreed with them. a final question, is it likely that these ta riffs question, is it likely that these tariffs will be imposed, or is it likely we are at the stage that comes before negotiation? you have obviously been doing this a few yea rs! obviously been doing this a few years! what is happening is there is a dance that goes on and bombardier is entering into a market and the sharks are there with boeing and airbus and they are entering a market that could affect boeing. there is political play. boeing when they put out the statement, they gently reminded uk viewers they employ 80,700 in the uk, more than are employed by bombardier in the uk and so the uk government is in a bind,

boeing is wrestling with costs over air force refueling tankers. but the first planes are still on schedule to be delivered next year. overall, boeing's defense business remains strong, given the dow component a solid balance sheet as it heads into the end of the year. phil lebeau, "nightly bu. >> boeing is the best performing dow stock this year. while tech is the best performing sector this year. earnings for the group begins in earnest tomorrow with results from microsoft, alphabet, and amazon. as josh lipton reports, the biggest risk to this sector . >> reporter: tech has been on a tear so far this year. the sector is up 30%, about double the returns from the s&p 500. tech portfolio managers expect the rally to continue, pointing to attractive valuation and strong growth prospects. but tech investors also point to one big caveat, the increasing drumbeat of political and regulatory threats targeting mega cap tech companies. >> regulation is just bad. it's going to force innovation to happen where it's not. so if you regulate tech, you're just te

a huge amount, boeing supplies the us navy, airforce, etc. amount, boeing supplies the us navy, air forceing supplies the us navy, airforce, etc. there is the accusation in europe and now in canada that those contracts, they we re canada that those contracts, they were paid well over what they would have been paid if they were not an american company. they just have been paid if they were not an american company. theyjust want to keep this very prestigious brand in the background, boeing, growing and making profits. the commerce department has thus far agreed with them. final question on this, is it likely that these tariffs will ever be imposed, or is it more likely that we are at a stage that comes before negotiation? you must have been doing this for a few years, john! what's happening is, yes, there is a dance that goes on. bombardier is entering into a market, the sharks on there, with boeing and airbus. they are entering into a market which could affect boeing, but yes, there is a huge political play at this. when they put out a statement last night, they gently reminded uk viewers

boeing gets a sarah mack of government support. boeing supplies us navy and air force.nd canada that they were paid in what they would have been paid if they were not the american companies and those they need to keep this prestigious brand growing. the commerce department has agreed with them. is it all night and we are at a stage that comes for negotiation was you have obviously there is a dance going on. bombardier is entering into a market. it could affect boeing. there is a huge... when boeing put out this statement, they reminded uk viewers they employ 18,700 people in the uk, more than are employed by bombardier in the uk. the uk government is in a bind, politically ties to the dup. these jobs government is in a bind, politically ties to the dup. thesejobs really matter. at the same time they can do this and 18,700 jobs, especially the factory in sheffield. we could cross to madrid and look at scenes in the centre of the city where thousands have gathered for rallies with other rallies taking place in spain, in support of a united spain, in other words opposed to

that's boeing recently slammed by u.k. pm theresa may on its sale in relation to coles we have a long term partnership with boeing various aspects of government and this is not the sort of behavior we expect from a long term partner who's undermines that partnership the pm talking the next goldman sachs remain a mock colony of the bank of england but of course what she was referring to was boeing trying to destroy the canadian company of the eight just like us companies allegedly helped thwart this project overseen by the mentor of president u.k. labor leader jeremy corbin i'm here to join with the people who build the. in this fight knowing now that the sixty eight are going to be built in the introduction of mission that surely would come to a supersonic u.k. french concorde would be more bold thanks to companies such as lockheed allegedly lobbying the us government to prevent it flying to los angeles so that the plane could never fully make its money back there were other reasons but either way new york has never have s

aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern ireland is caught up in this route to as daniel lak reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for going to jobs canada's not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are you goi

aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern ireland is caught up in this route to as daniel lak reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could triple the price of the bombard planes and this government is holding crisis meetings obviously we're disappointed by the decision and i will continue to play hard we're going to do jobs canada is not standing alone in the u.k. bombarded a is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are

is it looking at contracts that have been given to boeing?overnment have a lot of cards to play in their deck, so do the canadian comment, bombardier are very much involved as well. we have to come added from all sides. the potential risks to belfast, to bombardier and to what is a world leading innovative aircraft is far too great. gavin robinson. foreign secretary boris johnson too great. gavin robinson. foreign secretary borisjohnson has become the latest senior party figure to voices support for theresa may, telling a group of conservative mps that they should get behind the pm. his intervention comes after former party chairman grant schapps said about 30 tory mps backed his call for a leadership contest. mrjohnson said, we havejust had an for a leadership contest. mrjohnson said, we have just had an election and people are fed a up with all this malarkey. it comes after the leader of the scottish conservatives, ruth davidson, told critics of the prime minister to put up or shut up. she is being viewed by some as a potential contender to

it is a small company, tiny compared to boeing and airbus.s developing this c—series plane which everybody agrees is a good product and it took longer and was more expensive and it got hand—outs from the canadian government, quebec government and some from the uk. they sold 125 aircraft to delta airlines at a knock—down rate which is when boeing said you would not be able to do that if it were not for subsidies, it is against the rules, and the us government agreed and slapped the ta riffs government agreed and slapped the tariffs on there and put pressure on the company. with this they get to move some of the production inside the us, fast removing the border tax and getting around the tariffs. the us, fast removing the border tax and getting around the tariffsm is key, airbus has a factory in alabama where they can put the c—series planes together. does that mean boeing's attack on this being anti—competitive goes away? mean boeing's attack on this being anti-competitive goes away? some would say this was never... boeing said it was about u

but not if you are boeing. that is the challenge.e us consumer and us airlines, because they are being denied the opportunity to have a product that would be more fuel efficient, more practical and modern. than some of the other products on the market. there is a competition and innovation point that is probably bigger and has global implications. the final point from a domestic point of view, we are heading into brexit, and there are people in the uk who say it will be the two strike free trade deals. the reality is that the global marketplace is hard and competition is fierce. we have been fortunate over the last 40 yea rs been fortunate over the last 40 years that we have been sheltered to a degree within the european union and its single market. this should bea and its single market. this should be a wake—up call for people who think it will be the over the course of the next five, ten years, outside the eu. thank you very much. ryanair‘s chief operations officer is to resign at the end of the month, following mistakes over pilot

headlines airbus shares rally as it takes a majority stake in bombardier amid a trade dispute with boeing. >>> a bold move to break up credit suisse. shares move higher as a hedge fund turns activist on the bank, but credit suisse says it remains activist hedge fund confirmed it has contacted the swiss bank's management and says it will unveil its plans shortly. according to the financial times, rdr is hoping to tap into the turnaround program, a look at the stock this morning, up nicely to the tune of 2%. credit suisse issued this response to cnbc saying while we welcome the views of all our shareholders, our focus is the implementation of our strategy which is well on track karen has been talking about this story all morning long. i want to continue that discussion with her. i'm a bit flabbergasted by this. this is a share holder who holds 0.2% of shares, not a big fish do you think he'll have any success here >> he's an interesting character and has a track record he was trying to educate for higher share prices in other companies, and is involved in gama, he is taking on a bigger fish

taking the battle to boeing.rnings this year, we will keep an eye on all of these stories. ♪ manus: it is 8:19. the dollar flies a little bit higher, predicated that john taylor could be going from wild card to perhaps one of the top spots for the federal reserve. with that mean anything for rates in the united states? the aviation session was pretty flat. in,markets are factoring will it be yellen? we got the dubai market heading a little higher this morning. manus: keeping an eye on commodities as well. the move gives the plane a much needed that'll in the battle with boeing. good morning. airbus walked away from a deal to years ago. fascinating story, what has changed? what reignite it their interest in bombardier? sprung a surprise on his fairly early in the morning. we got a call that this would be happening. we all got on the call with the ceo. we put this question to him, two years ago you personally vetoed a similar deal. why now? time,sponse was at the bombardier wasn't in service, did not have a track r

of course we buy boeing jets. president trump and i just witnessed a signing between singapore airlines and boeing for sia to purchase 39 boeing aircraft worth 13.8 bill u.s. dollars. a win-win for both sides. it will modern nice sia's fleet and support many american jobs. our defense ties are very strong. singapore supports a military presence in asia, since 1990 we have hosted u.s. air force and navy everycraft and ships on rotational deployment. we thank the u.s. for hosting more than 1,000 singapore military personnel each year in training detachments in the united states. we have forces at luke air force base phoenix, and in arizona. at mount home air base in idaho, grand prairie in texas and in fort sill, oklahoma, where i spent three months years ago. our chinooks were deployed to assist in the hurricane harvey relief operations and have been glad to been of help off to great-hosts women have a close partnership in security cooperation, including transnational security injury, terrorism and cyber security.

realistically what can derail the boe hiking rates?hey want to make sure the market is fully pricing it to the fact that betting on the boe is so confident almost backs them into a wall. if they want to convince people they are not going to move or put more caution into it they really have to start speaking up. mark: it's not from a position of strength. >> exactly. they want to rein in inflation. at the same time they talked inut the two-way risk markets and expectations. the only way to have that is at some point to actually show the market that you mean what you are saying and you are ready to pull the trigger. mark: paul dobson, thank you for joining us to give us great insight on the markets. vonnie: president trump will sign an executive order on health care. we are awaiting the president's arrival. you can see steve mnuchin and linda mcmahon is there as well. the acting secretary for health and human services is there. that is the bearded man to the right of the podium. we will bring that to you live. this is bloomberg. ♪ vonnie

the british government being bullied by boeing. step in because of the fact they're being bullied now, too. it needs to stop, it needs to stop now. and for bombardier workers it's a waiting game. we know we've still got a job to do. and keep our fingers crossed we are keeping that one down and keep working away you know. it'll affect the whole company, probably. whatever the outcome is. and this is the plane that the americans object to. the c series is assembled in canada with wings made and sent from belfast. but the americans claim it has received $1 billion in subsidies from the canadians, which allows it to undercut boeing in bidding for contracts. this whole row puts the government, especially the business department, in something of a bind. it is kept in power by the dup. but boeing, which initiated these tariffs, employs even more people, almost 19,000 people, elsewhere in the uk. and it's building a new factory in sheffield. we have an international regulatory regime which has worked extremely well. these type of measures

boss every time he wants to develop a new airplane model because boeing doesn't get any money for its weapons programs from the us taxpayer right in fact this week's boeing results are arguably a testament to state subsidy which makes for a circular argument many more areas space workers are employed by boeing in the u.k. the body able to resume need to bone body aging maintain relations with her coalition partners the former paramilitary link buddy claims that makes up ten percent of northern irish exports someone pretty knowledgeable about for what causes britain uses its weapons whether british or american is britain's foreign secretary john sweeney is telling u.k. politicians not to come on this show despite his own father appearing and he continues to call out the government in syria for the alleged use of w m d well joining me now to help us is award winning journalist dr gareth porter who is by the white house in washington d.c. garrett welcome back to going underground so foreign secretary boris johnson here in britain has been in between telling politicians not to appear on t

aerospace giant boeing is causing waves across the pond united kingdom seems to be stuck right in the middle of the battle between the two and the government is speaking out about it artie's out somehow of edges and toronto with more lots of this alex what is this fight about because it's getting big it is getting big and we're talking about a two hundred twenty percent duty on bomb bargee planes the c. series when it comes to the u.s. so that's what the american government said basically was shut down. because boeing is complaining but there's a little bit of history by two hundred twenty percent let's break it down for you in a moment just so you know exactly how this all started her started back in april two thousand and sixteen with a one of the major contract to solve two hundred twenty five of these c. series airplanes to delta airlines. the deal was a major one i really put on the map when it came to selling to the states two months later though and get this this started before even the steel took place. back injected one billion u.s. dollars into the company in exchange for fo

firms are going after iran and one big exception is boeing as you mentioned they actually have a deal going with iran to deliver eighty commercial jets for a list price of about seventeen billion dollars u.s. secretary of state rex tillerson was out saying that if you got special licenses and boeing did so then those still should be in place as far as we know now but still there was a little bit of pressure building up on the stock price of boeing and at the end we really have to wait and see how this all plays out. still a lot of reports coming in next week we'll be covering them with you thank you very much and carter in new york was saying the u.s. washington is hosting be a leader of global finance this weekend two events are coming together the annual conferences of the international monetary fund and the world band plus a meeting of g twenty financial officials the talks started earlier this week and will and on sunday they will allow government officials demick said executives to discuss global economic trends the i.m.f. forecasts that the global economy will expand by three po

they will finalize a 30-nine jet deal with boeing -- 39-jet deal with boeing for $14 billion.t a particular jet costs but took some off to seal this deal. apparently that happened this morning. >> i'm kevin mcallister, ceo of boeing commercial airplanes. >> i'm from singapore airlines. >> we're very happy to be here today to celebrate the signing of 20777-9s and 19, 780-10. >> we're proud to be customers. >> in terms of the order is $13.8 billion. most importantly it is about 70,000 jobs. >> you bet. you bet. >> those are all jobs in this country, right? >> 70,000 in this country. yes, mr. president. >> otherwise cancel the order. [laughter] >> thank you. >> great planes. >> thank you, mr. president. >> so with that -- all right. >> congratulations. [applause] congratulations. >> thank you so much. >> thank you. >> thank you very much. >> great airline. >> thank you. >> fantastic. >> haven't flown it in a while. >> we always welcome you. >> thank you, mr. president. >> thank you everyone. [shouting questions] no -- great, thank you. >> we'll line up outside of the cabinet room

but is it as low as boeing suggests which could be as low as $19 million which boeing is saying, lookhe market value. these are essentially being dumped because bombardier needs to sell these. that's the complaint from boeing delta's response is, no, we're paying market value, and that's why we're ordering these and we think it's a good plane. so that's -- you know, the crux of the issue here, and, of course -- >> yeah. >> -- the argument from boeing is, hey, now you have airbus stepping in because bombardier is losing money on this plane. >> i know. in alabama, you know, can -- there's a lot of interesting angles here. we'll see where this partnership goes and whether they keep the tariffs on them. phil, thank you. >> you bet. >>> speaking of tariffs, news on that out of d.c. kayla tausche, an update on the nafta talks. >> reporter: the lead trade negotiator for the united states, bob lighthizer, held a briefing with reporters following the conclusion of this fourth round of nafta talks and in it he said there is no active process to withdraw from the nafta deal despite a very sharpl

. >>> still to come, why a new jet making startup is turning heads at boeing and jet blue. the mayor of the biggest city in silicon valley says he is not offering a sweet hard tax deal to lure amazon's new hq 2. i sat down with white house cyber security coordinator at the cyber summit talking about the executive branch's new ask for silicon valley when it comes to encryption and criminal investigation. rob joyce who used to run the nsa's hacking says white house is no longer looking for a back door. >> has the conversation moved? are we on a different point from where you sit in the white house than we were a year ago? are you asking for a back door >> we are certainly not asking for a back door. what is really important for us is strong encryption is good for america, good for business, good for individuals. it is really important that we have encryption and strong encryption and that is available. the other side of that is there are evil people in this world. and in the end the rule of law needs to proceed and so what we are asking for is for companies to consider how th

one exception is boeing, as you mentioned.hey actually have a deal going with iran to deliver 80 commercial jets for the list price of about $17 billion. the u.s. secretary of state, rex tillerson, was saying if you have special licenses, and boeing did, then those should still be in place. still, there was pressure building up on the stock price of boeing. we have to wait and see how it plays out. >> definitely. in the meantime, companies began revealing quarterly results this week and as usual it started off with u.s. banks. what do the numbers tell us? jens: we are getting some good news and bad news. starting with the latter the trading business revenue dropping quite a bit for the u.s. financial institutions, even if we see almost a new record every single trading day, what the banks are going for is big swings and not just records. so that was down a bit. overall, j.p. morgan and bank of america me in better than expected, only wells fargo was a disappointment. overall, the stocks were mixed. wall street still achieving

well we are talking so much about driverless cars and boeing seems to be one step ahead or. they agreed to buy aurora flight sciences and that company is specialized in drone drones and pilot flying systems they already have a partnership going on with over so boeing now getting into this area with pilotless flight systems and we can expect that a lot more money will now flow into that area gets caught in new york thank you. cape town in south africa has for months been in the grip of what some call the worst drought in over a century authorities are trying to make people more aware about water saving no car washes pools remain empty showers need to be shorter less frequent and the water is to be reused. in cape town tourists are having to save water as well at this hotel shower water is collected in buckets. as is the dirty water from washing machines faced with drought hotels in cape town are trying to be practical soapy water for the plants is better than no water at all but with two and a half million tourists visiting cape town every year hotels are also the largest wat

gardiner.ry boeing responded to the allegations.ways and means committee chair joining bloomberg markets. what he has to say about tax reform and much more. vonnie: you can get all of our interviews on the bloomberg, with the function tv . this is bloomberg. ♪ >> it is 1:00 in washington, 6:00 in london, and one a.m. in hong kong. i am david gura. shery: welcome to "bloomberg markets: balance of power." here are the top stories we are watching. president trump meets with justin trudeau on the fourth round of talks on nafta. the house ways and means committee chairman will joins us -- will join us live on tax reform and nafta. we are keeping a close watch on the federal reserve as we await the latest on the search to replace janet yellen. ♪ david: president trump's infamous feud with senator bob corker is preventing him from uniting senate republicans on what he calls the biggest tax cuts ever. he will make a pitch on his tax plan later today in pennsylvania. joining us is sahil ka

julia: trouble in the skies for boeing, u.k.etary of bete calls for boeing to investigated for business practices, including its push for tariffs against bombard e ier. >> no aircraft comes to the market these days without support from government. it is all through support from a way oft, and we need recognizing this in the international community. comes from that government has to be within wto rules. by slapping not only the countervailing duties for the subsidy on to the company, but putting on additional to that -- 300% of cost to delta and american operators. >> i want to be clear. is this a complaint against boeing of chicago and seattle come or is this a complaint against the current administration in washington? petition launched the with the department of commerce, and they knew this petition was ill-founded and -- >> why did they do it? alongy knew it would run and want to force a depression in the share price of bombardier so they can try to do a hostile takeover. >> we do need to get boeing in because they are not on

firms are going after iran and one big exception is a boeing as you mentioned they actually have a deal going with iran to deliver eighty commercial jets for a list price of about seventeen billion dollars u.s. secretary of state rex tillerson was out saying that if you got special licenses and boeing did so then those still should be in place as far as we know now but still there was a little bit of pressure building up on the stock price of boeing and at the end we really have to wait and see how this all plays out definitely no yes in the meantime companies began revealing their quarterly results this week and as usual it started off with the u.s. banks what do the numbers tell us well we got some bit of good news and some bad new was starting with the later trading business actually trading revenue would drop quite a bit for all the big u.s. financial institutions even if we see almost a new record every single trading day what banks are going for is big swings not just records so that business suffered a bit but overall citigroup j.p. morgan bank of america they all came in better

boeing is just releasing the third-quarter earnings.surprised by these numbers lindsay. >> boeing has only missed expectations one time going back to 2011 this is a good report. i want to know what the deal is with guidance. they raise their guidance. we also heard lockheed market --dash mike martin. that with geopolitical changes. a good airplane cycle. earlier you you said that the earnings estimate broadly speaking have come down. that 3% growth is what you're looking for. and given the reports at that you're getting today 40 companies will report. we will get a lot more companies reporting tomorrow and friday as will is next week. we will deftly have a better pulse and corporate america's health. for the next two weeks. in terms of revenue what is your reference for revenue growth. for the quarter it's expected to be 5.4% which also has pulled back slightly but it's hanging in there a little bit better you are seeing strength on the top line. they are beating the topline estimates. that is better than a historical average. a very po

having the states against boeing. well then of course it's both but i think it's a bit more about saving bombard you the company was in deep financial trouble up until now up until this deal it was unclear and unlikely that bombard you would have the stamina to stand through this conflict with the u.s. department of commerce but now combined with the two companies of course do have the money the resources the lawyers to really negotiate this with the americans the boeing calls this a questionable deal is it. well what would you say if you missed out on an opportunity to get rid of one of your competitors whether or not this was a questionable deal whether or not the subsidies that the canadian government paid bombard you when it developed this airplane remains to be negotiated and according to the rules of the international institutions where we have for international trade nafta for example the north american trade agreement or the world trade organization provide rules for cases like this and just explain to us how

so here's the story on boeing. they're down about more than 3% right now despite beating on third quarter results and raising full year guidance phil lebow has more on this story here, phil >> people look and say wow, boeing must have had a terrible earnings call because it was down so much it's fairly upbeat not only in terms of the third quarter but the outlook, especially wli you look at the commercial side of the business. couple of things stand out from the conference call with dennis mullenberg talking with analysts about the commercial side of the business. strong demand. they're even talking about possibly increasing seven production beyond what they've already forecasted over the next couple of years. they're still pressing their complaint against others and in terms of the overall market, listen to dennis talking about the demand for commercial and cargo traffic right now. >> airlines continue to report solid profits and passenger traffic growth continues to outpace gdp. the traffic growth of 8% through a

boeing declined to comment on gardeners interaction that boeing wants to hurt bombardier's share price for comment. let's get straight to the bloomberg business flash. taylor: billionaire steven cohen is apparently not concerned about a backlash. he may open a fund. people familiar with the matter say he may charge two and three quarters percent management fee and pass on certain costs for the first time. those charges would be well above the industry norm. uber faces at least five criminal investigations from the justice department, two more than previously reported. authorities are asking questions whether the ride hailing startup violated price transparency laws . they are looking into whether cooper had a role in the alleged theft of documents outlining -- uber had a role in the alleged theft of documents outlining alphabets vehicles. francine: let's get more with the story and future of uber with scott galloway who wrote this great book called "the four." york.riya misra in new when you look at uber, there's quite a lot of allegations. what do they need to do to regain public trus

they have just signed an agreement to purchase singapore planes from boeing.hey also have some notes coming up from their working lunch which they are going to be having in the cabinet room. so we will watch and listen to this as the president now is going to give us some details about this agreement and their working lunch. let's watch. >> president trump: why don't you introduce yourselves, start off. >> and kevin mcallister, president and ceo of boeing commercial airplanes. >> i am the ceo for singapore airlines. >> we are very happy to be here today to celebrate the signing of 20 triple double seven -- nine's and 19 boeing aircraft. >> we are very proud also. >> president trump: there going to have a total in terms of the owners, $13.8 billion and most importantly, 70,000 jobs. so those are all jobs in this country. >> 70 70 thousands in this cou, the united states of america. [laughter] >> president trump: there great plains. >> president trump: congratulations. [applause] >> thank you so much. thank you very much. >> it means a lot. >> president trump: i

and boeing pays extra close attention. >>> what's new on netflix? well, the stock price hit a new as traditional media s have headaches. those stories and more tonight on "nightly business rep. >>> good evening, everyone, and welcome. the stock market finished the week on yet another high note. the nasdaq closed at a record. the dow and the s&p 500 almost did. even with a number of developments out of washington, investors were focused on the possibility that corporate profits will be strong this quarter and that global economic growth will continue to improve. today the dow jones industrial aver rose 30 points to 22,871. nasdaq was up 14 to that record. the s&p 500 added two. for the week, all of the major indexes were higher. >>> the maet risen even more today if not for the decline in the health care stocks. shares of hospital operators and insurers were lower after president trump said the administration will immediately stop making subsidy payments to health insurers that sell plans under the affordable care act exchanges. those payments are us

us plane manufacturer boeing says it has not found any safety issues., mitsubishi motors, subaru and munster. the list goes on and on. they are all companies that are scrambling to figure out whether their cars have used products from kobe steel, the firm that has said it has lied about the quality of its products, it is japan's ‘s third—largest steel—maker, specifically how strong and durable sum of its copper and aluminium products are. it is not just japanese companies involved, aluminium products are. it is not justjapanese companies involved, us aerospace manufacturer boeing also users kobe projects and said in a statement that nothing in the company's statement that nothing in the compa ny‘s review leads statement that nothing in the company's review leads boeing to conclude at this point that the issue presents a safety concern for boeing, but the scandal has led to a fifth of kobe steel‘s value wiped off the japanese stock market and it is not just off the japanese stock market and it is notjust the off the japanese stock market and it is not ju

of course we buy boeing jets.ent trump and i just witnessed a signing between singapore airlines and boeing, to purchase aircraft or 13.8 billion u.s. dollars. it is a win-win on both sides. it will support many american jobs. our defense ties are very strong. singapore supports a military presence in asia since 1990 we have bolstered the navy aircraft and ships on rotation. we think the u.s. for hosting more than 1,000 singapore military personnel each year in training in the united states. we have forces in phoenix, also at mountain home airbase in idaho, in texas and in oklahoma. where i spent three many years ago. in fact, our military personnel were deployed to assist in the hurricane to harvey disaster relief operation and we are glad to abundance of some help to our very gracious host. we have a close partnership with the u.s. singapore has left early and consistent support to the defeat isis coalition. we were one of the first countries to participate and the only asian country to have contributed both mil

learned, quite quickly, the response from boeing in all of this.ittle questionable, that they could skirt the recent findings from the u.s. government under concerns that everyone should have -- i think this runs in the middle of the trade dispute that we see boeing and airbus. reporter: obviously, this will pose a very big challenge and competition to boeing. the c-series itself is in a category that boeing is not in, or does not have a product to offer in that segment at itself. this will be a major competition if the deal does go through. it will definitely pose a big threat to boeing in the offerings that they give to the customers. from the order we saw with delta, there are airlines that want plaintiffs in that segment itself as well. we will see how it goes. yvonne: thank you, joining us singapore, our aerospace reporter. coming up, indonesia looking for investment to invest in infrastructure. where that money may come from. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." i am yvonne man in hong kong. betty: i'm betty liu in