how is it working for boeing?fantastic idea, your point on vocational training is a really good one and we see a dramatic need for building manufacturing skills and talent in the future. many cases those could be two-year degree programs. >> right. >> for example, in missouri where we have a metal-forming vocational school, collaborative work, including boeing as well as higher education on creating these training programs. where students can come out of high school, go into the vocational training, within two years, be qualified aerospace metal builders to aerospace standards. we have an aerospace high school up in seattle. same thing we're tapping into high school level talent, getting them early training, qualifying them on next generation digital technologies for manufacturing. we think about automation and robotics in our manufacturing lines and new manufacturing skills. i think investment in vocational schools is a real enabler. >> i think only a company can do that. boeing can do it. look at what is behind

>> sell boeing >> sell boeing >> put spreads boeing. >> yeah.h put spreads >> all right a couple calls on boeing and iwm puts thanks for making it easy. i'm brian sullivan don't go anywhere. "mad money" begins right now >> this is a paid program brought to you by the international fellowship of christians and jews, presenting the plight facing god's chosen people today so that you can be a blessing to them through your prayers and christian love. >> and it was right here in those ravines jews would be brought. they were walked for kilometers. ♪ comfort my people... >> each of them went through unbearable darkness. ♪ comfort my people...

>> sell boeing >> sell boeing >> put spreads boeing. >> yeah.rch put spreads >> all right a couple calls on boeing and iwm puts thanks for making it make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. first, got to get something off my chest got to apologize to you. i forgot to pani

louis where he'll tour a boeing facility that produces some of the u.s. military's top aircraft including the f/a-18 super hornet. the f-15 eagle as well. the irony to the right-hand part of the screen with the dow down 204 points, it's boeing, that same company that is percentage loss leader right now, down 2%. so the markets began to nosedive around 10:14 a.m. eastern time when headlines hit the wires that the white house confirmed it is seeking a $100 billion reduction, trimming in the trade deficit with china. possibility of an expanding trade war making investors very nervous as the administration moves on from steel and aluminum tariffs to tech and telecom to protect american intellectual property rights. we're going to be live in st. louis as soon as the president arrives. after being down as much as 338 points earlier. the dow down 216 but it's paring the losses into the close, nasdaq briefly dipping into positive territory, it's down nine points right now. financials leading the way but back in the red. we're looking at the one company that presi

>> sell boeing. >> put spreads on boeing. >> i like march put spreads. >>> couple calls on boeing andiwmpreads i'm brian sullivan, appreciate that don't go anywhere, "mad money" with jim cramer begins right with jim cramer begins right now. if you are one of the millions of americans who suffer from muscle cramps in your legs or feet, relief is finally in sight. hi, i'm dr. drew pinsky. and today i'm here to share some news that got me excited when i first heard about it. it's called theraworx relief. this life-changing product is clinically proven to quickly relieve the discomfort of muscle cramps and also prevent muscle cramps before they start. now the word breakthrough gets tossed around easily these days, but theraworx relief is the real deal.

i can say that about boeing also. i see what is going on with boeing. but we've never had a time when we've had companies at this level of readiness, preparedness and stability. so i think you're going to see tremendous things over the next fairly long period of time. i don't see any downward movement. i see up. we've taken off regulations. you probably are seeing that very much. a lot of people -- we're talking about the tax cuts. a lot of the companies are saying that the cutting of regulation is more important to them even than these massive tax cuts that all of the employees have gotten and everybody. it just means jobs, projects that were stopped for 15 years and now under construction. great projects. projects that should have been approved rapidly now under construction. i want to thank you, dennis and thank everybody for the great statements. you know, make america great again. it's very simple. make america great again. that's what we're going to do and that's what we're doing. it's happening faster than anybody thought possible. thanks. apprec

or rules instead of guying boeing they could buy airbus i don't think i would make a call on boeinght here. we still like the market we think you're in a secular bull market. we like tech, financials, industrials. believe it or not we like the down and out energy space. energy stocks are trading at the same valuation levels they were when crude oil was $26 a barrel. >> jerry, same question. the context of the market is areas where the tariffs could hit the hardest are areas that have been performing the best this year. >> right start with the fact that the nasdaq is up today when the rest of the market is down. there is no fear and i don't think it's well placed for there to be fear. >> by .006 of a percent it's higher >> take it to the bank that area which has had all the money continued to see that in the face of something like tariffs is probably a better statement of what the outcome will be which is not particularly onerous to tech companies. i want to follow up on what jeff said the real story underlying the market is the fact there are places like financials and energy that a

louis, missouri. ♪ come fly with me. >> but that isn't save boeing stock.t's tumbling into correction territory, down from 11% from its all-time high in february. how important is boeing in the past year it has added more than 1,000 point to the dow jones industrial average is there more turbulence for boeing and has it falls does the rest of the market fall with it. >> i don't think there is gob for more turbulence or the full-blown trade war everybody is scared of china is going to buy 1 trillion dollar would the of aircraft from boeing over the next 20 years. is that number going to be tweaked in maybe i'm not certain that's going to case if you don't think the trade war is going to happen, then boeing growing at clo-- eps overover yr their backlog, unless you think there is going to be a full scale trade war i think boeing is cheap here. >> apparently on a day when they set the guinness book of world records with this 10 thousandths 737 in production. i don't know who else is close the dow isn't the s&p. in fact a lot of times most folks will say i don'

. >> i'm agreeing with you what's the big problem with boeing it's boeing. >> all right let's settle this debate with the charts the chart master, carter worth is at the plasma hi, carter >> i'm not sure i can win the debate one way or the other, but let's look at some facts and figures. you guys have covered a lot of it there's a valuation issue, there's growth there's defense, apple but i thought we would step back and look at comparative charts and then get to the individual stocks we have a one-year chart you all touched on this. it's the spread, right you can interpret this two ways. is amazon the better stock because it's outperforming and it's got better growth or is apple the better opportunity because you can play catch-up? the spread is what it is that's one year. what about, if i do it over five grasso talked about this how about over a longer term, ten years? now, again, it's that same double but what if i went back 20 here is the real truth they're identical. so at this point, long term, you could say who has the better growth going forward let's just go back to the here

stephen: a boeing spokesperson tells us, quote, "the safety of the flying public is boeing's primary concern, and any allegation related to safety is thoroughly investigated," end quote. the commercial airline cited in those faa records and in our report said they too work to make sure sups do not get on to their airplanes, but the cold hard reality is sups are making their way onto planes. you can read the entire statements from everyone who contributed to this report. just go to our website. go to nbcbayarea.com /weinvestigate. announcer: coming up, we investigate a landlord loophole some are calling a gateway to fraud. a loophole that may have led to hundreds of wrongful evictions in san francisco. lawmakers credit our reporting for spurring one of the city's largest housing reform efforts in recent history. but now we're revealing how landlords in oakland may have been using that same kind of loophole for years. and as we discovered, the cities still can't even tell when that kind of fraud is happening. josephine: this one too brings back memories. i think i had just had rasheed.

dow worst performing, boeing down 1%. >> boeing a third of the decline.arry kudlow is joining live and exclusive here at post nine to discuss his new role at the white house. >>> plussi ines boeing shares sl up 130% since trump was elected. could tariffs derail that rally? president trump is in missouri and we'll get live reactions from the president's remarks ayitus say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelit

they started hitting on boeing boeing accounted for over 100 points of the sell-off the other day. you will get this reaction as things heat up and cool down right now, they are in the wait and see attitude interestingly, as we are talking, we have rallied back to the day's highs. they have pulled back from that a couple times today it will be important to see if they can punch through here and maybe get a rally that holds for the whole day. >> to your point, as roach just said, boeing is down for a reason worst week in two years. you think that's true? it is down for a reason? >> oh, yeah. i think so there are not a lot of other people who can run the risk of stepping out of the waiting line on airplanes, but china can. they can shoot over to airbus. everyone else is afraid of losing a year or two in the waiting line i don't think that's as big a problem for china. that's why it made boeing as vulnerable as it was >> the context is also that for a lot of year to date performers, those are the ones who could be squarely hit. boeing had been up -- >> 80% over 12 months. >> so if the

boeing was down more than $1.10. other big industry names like caterpillar were also weak i call this a bit of hangover from the tariff story because these stocks are moving. the other big problem we had today are banks. the ten-year yield has stopped moving up. we were also waiting on news potentially for regulations on some of these banks, on some of the regional banks and they've been weaker today. finally i want to note a cup of other things the kbe, the highest since 2000. so a lot of expectations for regional banks here. the big issue right now is we don't have a lot of news going on until the fed meeting we've got the job report earnings out of the way here so the bad news i think we're still very susceptible to these inflation news and tariff news the good news is we're just slowly drifting towards record highs. the dow and the nasdaq more than 2% >>> ten year notes up for action what can you tell us, rick >> reporter: well, you know, demand it straight up. one eastern for this ten-year auction i grade it a c

i thought i would be tough on boeing.an't think of any company that has done better than boeing since president trump took office. now even with today's losses, about 320. not bad. as you point out in addition to the ceo roundtable they will do here behind me somewhere, he will be stumping at a fund-raiser for josh hawley, running for claire mccaskill seat. the president has been out in front supporting hill. josh hawley i would point out to you, trish, got more votes, in the wake of this whole presidential, or this whole seat battle in pennsylvania, josh hawley got more votes in presidential election for attorney general than trump got here in missouri for president. trish: wow. >> he did that based largely on a pledge that if he got the, became attorney general he wouldn't use it as stepping stone to run for higher office. well he is running for the u.s. senate. but you know, in fairness to him, republicans, they recruited him. he is a good candidate. there you go. trish: will be interesting to hear what the president h

the boeing plant in st. louis. very serious danger of shutting down and we've got it going again. i think probably going like it's never gone before. better than it's ever done before. i'm proud to say we kept it up and keeping thousands of americans employed lauren: boeing faces big trouble. let's take a look at shares of boeing down more than 2% yesterday in correction mode after china threatened to buy plans for the rival airbus if the u.s. does not back down from these trade tariffs. we bring him mark avalon to discuss this. good to see you, mark. potential trade war is brewing. obviously implications. his bowling a perfect retaliation target for china considering one out of every four sales is to china? >> it absolutely is. that's why. that's lazy to move them move out and boeing stock down 10% in correction mode as he said and it's not just china. boeing has contracts with the canadian canadian government and they canadian government and they could easily move those to their manufacturer and you'll see airbus

of boeing versus the dow, boeing really literally did take off and now come back in line with the overallndex, down 10% for the month. what's going on? >> look, there's an underlying theme here that's not just china. i think the most respected analyst in the entire aerospace group, he came out with a piece yesterday, the quarter is not going to be as good as people think. the estimates are just probably not going to be made they have to come down a lot of us deal with bottlenecks and units shipped in february and i think it was the idea that the numbers are too high that really got this thing rolling in the second flight down the first flight down, you could link that with caterpillar and idea of being tough on china it was an actual story about boeing's earnings and today we have a pushback, bernstein saying don't be so worried about it the business is solid. when a stock is up from 279 in december of 2017, you have profit taking here the quarter is not that great. >> people looking at volume on boeing, versus this time last year you get the sense that some guys are trapped in there havi

one explanation is boeing, down 4%. boeing is a dow stock.na, it takes 100 points off the dow. liz: the trumpet ministrations is china has to reduce the deficit by $100 billion. that and the intellectual property, the industries will make it on china. >> old faithful could erupt very soon. it is showing signs of activity, 569 small earthquakes detected in the last month. the largest had a magnitude of 3.1. national park experts believe the geyser could erupt within hours. grizzlies beginning to emerge, and 11-year-old male grizzly in the park earlier this month, males tend to come out of hibernation before females do. they are out. donald trump says the border wall prototypes during his trip to california. chris cabrera, national border patrol council, is it true the president said california is begging for a wall? >> he did say that. we finally got a president who realizes what it will take to secure the country and building a wall is the first step. stuart: there is already a wall in southern california, partially a wall around san diego an

those parts remain on boeing aircraft to this day. spokesperson for the company shi worked for, moog incorporated, said the parts had been tested and met specifications and none of the parts are flight safety critical. the third party chinese vendor that supplied them no longer supplies boeing. >> i don't think anybody knows how serious the issue really is. >> reporter: foreamer acting fa administrator says the faa is not doing everything it can to monitor, track, and keep unapproved parts out of the system. >> they need to treat an unapproved part no differently than any other safety issue. >> i don't believe the faa has kept up. >> reporter: congressman peter defazio of oregon says right now the faa does not pay attention to unapproved parts. >> one critical component that isn't up to manufacturing standards could take down a plane midair. >> reporter: that concern prompted him to ask the faa's inspector general to weigh in. >> a lot of our airlines have outsourced their heavy maintenance overseas, where, you know, one criminal coul

and of course boeing's chief executive taking center stage. we should also mentioned they were discussing banking regulation and the vote on dodd-frank bill is continuing but the senate has enough votes to advance the dodd-frank release bill. now something discussed in the meeting, so that the note. scarlet: and the president made reference to it. we'll keep a night on development there in st. louis, missouri. let's get back to markets. if you look at how indexes by 250 the dow is off points, it is the third day of declines for u.s. stocks. for the nasdaq, it resumed the clients because earlier it bounced back and look like we were going to get a comeback. joe: one thing to remember it othertperforming the indices. scarlet: angela merkel was sworn in, and another grand coalition maybe the business establishments preferred option, but the chancellor's main is less secure than years past. claus, angela merkel can return to running the country and making sure relations with the rest of the eurozone is intact. what is number one on her to do list?

those parts remain on boeing aircraft to this day. a spokesperson for the company he worked for said the parts in question were lately tested and determined to meet specifications, that there had been no reported issues with these parts and none are flight safety critical. the chinese vendor that supplied them no longer supplies boeing. former acting faa administrator and his business partner at jda aviation technology solutions mike rio both say the faa is not doing everything it can to monitor, track and keep unapproved parts out of the system. >> they need to treat an unapproved part no differently than they do any other safety issue. >> reporter: this congressman says right now the faa does not pay attention to unapproved parts. >> one critical component that isn't up to manufacturer standards could take down a plane midair. >> a lot of our airlines have outsourced their heavy maintenance overseas where one criminal could put in a part that's going to cause a critical failure in that plane. one terrorist could put in a part that i

is boeing's incredible run done? >>> got a question tweet us @optionsaction. if it's not mean or laced with profanities we might read it later in the show. don't go anywhere, "options," back after this. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade so lionel, what does 24/5 mean to you?rade well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you

both boeing and spacex are leading the charge. and morganrennan got a closer look at boeing'sti opeons tats kennedy space center in florida. >> reporter: meet star liner, a boeing spacecraft that's been years in the making. if all goes according to plan before the year's out, it will carryna asts to space. it would mark a major milestone. the u.s. lost the ability to launch astronauts from u.s. soil when the space shuttle program ended seven yearsago. >> liftoff s of theay yuz racket. >> reporter: instead we have been relying on the russians to do it for us. president trump has talked about goinnd to the moon mars. >> it marks an important step in returning american astronauts to the moon. >> reporter: but the new space race really starts here. wi nasa's commercial crew program. >> every other nasa human space site program has been cost-plus and the responsibility of the contractor was to deliver the trsportation platform to nasa for their use. on commercial crew it's more of al renta car model where we retain the asset and they t

exporters like boeing. in fact, the president visited boeing in st. louis yesterday.is on the same day boeing stock tanked falling in correction. shaving 100 points from the dow. boeing is particularly v vulnerable to the trade policies. it imports lots of steel, but sells 80% of planes abroad. by the way, trump getting really tough, we're told, he wants to get tough on china with extra tariffs on china. boeing's second largest of market is china. interesting at boeing. >> this falls into the category of you can't make this up. >>> outgoing secretary of state rex tillerson is sitting down with the man nominated to be his successor. mike pompeo. senior officials say there is no bad blood between the men. tillerson assured pompeo he will work to make sure the transition is a success. this is getting complicated for pompeo and the woman replacing him at the cia. gena haspel. >> two senators say they have concerns of him elevated to head the state department. republican senator rand paul opposes pompeo and haspel. >> i'm perplexed by the nomination of people who love the

you look at boeing. boeing fell. it is the proxy for trade war. the president was at boeing when the shares were falling because of his policies. >> the president sees this as what he was intending to do and voted into office to do. we saw his confidence on the campaign trail. we saw how he spoke to voters and for voters. that empowered him. he has confidence. when he shoots from the hip, he is saying his impulses are the best way forward. we are seeing more people around him in high level positions echo that thought. >> we want to talk about a piece you wrote about the national walkout we saw across the country. one month after the shooting at parkland at stoneman douglas high school. it was incredible to see the students take action around the world as we reported. the question being how do they turn this into action? they have the march for our lives on march 24th in d.c. how do they turn this into policy? congress member be care about come l dollars and cents and votes. >> so many wanted to tell me about walking through the streets. the signs

fuel the boeing . boeing. boeing the be. mostly told. our i was obsessed you s. . thank you thank you thank you. and. the tough talk. having. to must dismiss me to keep it dismissed trust me. to. go stand by. the old phone. disciples in the stanley fund all right but he says the shrines learn that. the sounds and of a for the spirit right and all the sun yes all. the men to speech fire and so can i just burst on him has fought us to avoid. an. invention so it's made up by you know what our skin tire upon them hostiles us. since john vi had lunch milans in. of seeing the stuff. from all. mr schmidt snow. having fun. told. me. the most is the. goal. but. i am. told suburb. the bubble bubble. bubble . the book is called the told to. keep. the be. our troops loyal. to. the beast occupy salute above. the be. the last muslim smoothness of. the two officers who talked so much to. me i'll just shut. the. old spice girls been on the stoop to. insult me stop the fun censorship. goods are so stupid to smoke. in my veins. they give suspects money. to the staff now called. out

where we have some bearish activity, if we take a look at boeing along with two of their isoviders, boeingn pace for its worst day since february. this after the spirit aerosys supplier indicated it is a tough quarter. struggling to meet increased production demands. >> boeing is one of the main reasons the dow is doing worse. mark crumpton has more. >> across the u.s., thousands of students put down their books and walked out of class to protest violence. organizers hoped it would be the biggest demonstration of student activism yet in response to last months massacre in florida. at marjoryere killed stoneman douglas high school in parkland, florida one month ago today. purging donald trump not to undermine long-standing trends by seeking economic gains through punishing trade tariffs. they said the aim should be greater cooperation. >> the president seems unhappy about too many barriers and tariffs between us and the u.s., i can understand him. we are not happy either. that is the reason why we started trade negotiations with the u.s. a few years ago. we should go back to these talks now

those parts remain on boeing aircraft to this day. a spokesperson for the company she worked for mogue incorporated. the parts were tested and met specifications. the third party chinese vendor that supplied them no longer supplies bow egg. >> no one knows how serious the issue really is. >> joseph debouso and his business partner mike rye owe say the faa is not doing everything it can to track and keep the unapproved parts out of the system. >> they need to treat unapproved parts no differently than other safety issues. >> congressman peter defauz owe of oregon says the faa does not pay enough attention to unapproved parts. >> one critical component could take down a plane midair. >> he asked the inspector general to weigh in. >> heavy maintenance to overseas, where, you know, one criminal could fut in a part that's going to cause a critical failure in that plane. one terrorist could put in a part that intentionally is going to fail. >> finding record-keeping weaknesses, lack of management control, as well as inaccuracies in tracking

want to take a look at boeing, boeing, a great performer or the last 52 weeks, this year a winner, itre. down 2.6% currently, and the big picture is about the trade war worrying on this one as well. losing altitude on that one, back to you. charles: nicole petallides, thank you very much, appreciate it. with more reaction to larry kudlow tapped white house economic adviser, gaby morange yellow is with us along with senior fellow for fiscal policy, maddie doppler. larry kudlow didn't like the tariff initially, but warmed up with it being a negotiating tool, is he the right fit, downing, knowing the way president trump operates one year in office? >> right, very encouraging to see kudlow's name appear as the next for the position. there was a deep bench, very strong advocate for tax reform. larry kudlow as well, you have an ally in the white house who not only has been rock solid on pro-growth tax policy but an avowed free trader and decades of doing so. moving forward as we talk about what happens next in the trade policy, having someone in the president's ear who has a long history be

those parts remain on boeing aircraft to this day. a spokesperson for the company xi worked for said the parts in question were later tested and determined to meet specifics that there had been no reported issues with these parts. and none are flight safety critical and the company that supplied them no longer supplies boeing. >> i don't think anyone houngs serious it is. >> reporter: the former administrator and his business partner at jda aviation solutions both say the faa is not doing everything it can to monitor, track and keep unapproved parts out of the system. >>> they need to keep the part no differently than they do any other safety issue. >> i don't believe the fast has kept up. >> reporter: congressman difazio of oregon says they do not pay appropriate attention to unapproved parts. >> one critical component isn't up to faa standards could take down a plane mid air. >> reporter: that caused him to ask the inspector general to weigh in. >> a lot of them have outsourced the heavy maintenance. one criminal could put in a part

>> sell boeing >> sell boeing >> put spreads boeing. >> yeah. i like iwm march put spreads >> all right a couple calls on boeing and iwm puts thanks for making it make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. first, got to get something off my chest got to apologize to you. i forgot to panic last night president's move to slap a tariff, i said it was not a reason to dump position wholesale, if anything do some buying on weakness like we saw now, given that the market was in total disarray yesterday, down almost 600 dow points and 400 points today i realize i should have tried you to get you to freak out. my bad, i didn't get the memo. obviously i am being facetious, but let's

i'm just saying, don't buy it because you think it's a crypto stock. >>> still ahead, boeing posting week in more than two years, shedding a cool $15 billion in market cap. so, is boeing's incredible run done the traders will weigh in. >>> plus, got a question for one of our traders of course you do tweet us @optionsaction. if it's not mean or laced with profanities, we might read it later in the show. live at the nasdaq market site in new york city's times squares. don't go anywhere. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td

the biggest laggard is boeing. let'sak

today he is arriving at a boeing plant in missouri. it's interesting.'s real conditions, the aero space industry and plane manufacturing because the president has suggested new tariffs and great concerns as -- some cheering for the president. let's listen there. big crowd out on the tarmac. the president arrives. maybe he will talk. let's listen. sometimes he does, you know. >> hi, everybody! >> you made our business so much better already. >> how are you? >> how are you? >> what's that? nice! that's beautiful. thank you. that's for you, right? i appreciate it. thank you. >> thank you. >> thank you, everybody. >> shepard: president signing a hat it looks like there. i mentioned there's concerns -- >> we're not tired of winning yet, mr. president! >> we're doing well. >> good job, mr. president. >> shepard: i don't have to tell many of you, this is the kind of thing that gives the president life. maybe the only thing better is at a rally. last week he did that rally in moon township, pennsylvania. pennsylvania's 18th rallying for saccone that appears --

president trump's visit to the boeing plant to tout tax cuts after touring the plant. let's take a listen. president trump: six months ago i promised we would cut taxes to bring main street roaring back and we did. all of that money that went into the pockets of people, thousands and thousands of dollars each, there are very, very happy about. charles: we should note boeing has been the biggest loser and they have taken more pressure because of their relationship with china. this is small potatoes with respect to the real trade war. that co-would be between the united states and china. joining me now to help break it down. tammy bruce, also independent women's voice president, gina loudon, and gayle trotter, attorney and contributor at "the hill." tam are you, last august robert lightheiser the u.s. trade representative initiated a 301 investigation into china's trade practices by which we know have been unfair. he came up with the idea of leveling $13 billion in sanctions and tariffs against them. apparently president trump wants $60 billion. the stakes are high. but

. >> some industrial names pulling down boeing down almost 5% and johnson controls down almost 3% too. >> lets get to the judge >>> all right, welcome to "the halftime report. i'm scott wapner we do begin with a sell-off in stocks as fears of a trade war with china continue to ripple through global markets with us for the hour today, jim laichb thaul, jon and pete najarian kevin o'leary, the chairman of otf. and we begin with stocks under pressure industrials, techs, financials pete, tell me what's going on. inflation a little hot, retail a bit weak real worries about a trade war and escalating one with china and all of it is having an impact on the market red in many sectors today. >> on the top of that list i'd put the concerns i don't want to overplay this, but the concerns of a trade war, scott. we saw it yesterday right before you went on the show, the market was looking pretty strong. we start to sell off and i think a lot of that sell-off in the latter part of the day was some of the concerns that people have about what this administration is doing and how they're going to be o

i've been at boeing nine years. and parts of that was in private practice and part of that in the navy. but it is just interesting as a data point how much time i spend on sanctions analytical work and interpretive work and sanctions legislation now as compared to just, you know, four years, five years, when i first came to boeing. i would say that this is a, probably the majority, of my time spent on either interpretation because we have a footprint all over the world, as you all know. and not only that, but so much going on. i mean, you really just have to keep up. keeping up with not just regs, but what is coming down the pipe from the congress. the good news is, and in all the time i've been in this business, and it's been a long time, more than i will actually admit in this public space, i've never had a better bunch of government partners than we have. and i call them partners, you know, specifically, andrea, peter, andrew when he was at state department. sandra, the list just goes on and on. both at state and

boeing shaving about 100 points off the index.oeing, by way, not only broke the 50-day this morning, on pace for its worst day in about a month, but boeing is down 10% for the month to date and that's causing some pain here back in a numite >>> netflix under fire as fans discover pay disparities on the hit show "the crown. claire foy took home a smaller salary than matt smith who plays her husband, philip. the show's producers pointed to smith's can the dr. who" fame but the creative director suzanne mackey said going forward no one gets paid more than the queen they will recast foy's character as they move the show forward by decades. anybody who's seen the show, it's kind of like, what? >> it's mind blowing i just looked it up to make sure she did win the golden globe for best actress in a tv drama in 2017, naominated in 20 ape18 who looks at these someone has to have knowledge of both of their pay and thought, hmm, that makes sense. >> the only upside is that netflix copped to it publicly and said that it remedied in the forwar

so trumpian. >> he's there at the boeing plant now.oeing is down significantly today, 2.5% over the last five days. it's down 5%. airbus its rival flat. we know he looks at the stock market. do you think he'll be looking at the reaction to boeing's stock price today listening to people there at the plant, and thinking, gosh, maybe tariffs on china is not the right move because they can retaliate and it can hurt american companies like boeing. >> well, we will see. i must say as someone who doesn't like tariffs, i think china -- >> okay. thanks to cnbc for that. that is larry kudlow. he's had a long relationship with snib. as you heard him say he's had a long relationship with president trump. the reason we brought you that interview that way because that is the first we are hearing from larry kudlow who is going to take a remarkably important job with the president. this is the job that gary cohn is leaving. now, remember, it was gary cohn who shepherded those tax cuts through. whether you like the policy or you don't like the policy,

boeing, gm and ford. i have to be honest with you, a lot of uncertainty with the plan here. >> just from a process standpoi standpoint, it was surprising. no one knew this was going to happen yesterday and the way he shocked his administration. republican reaction with ben sasse from nebraska. the policy is something from the democratic administration, not a republican one. this is a huge job killing tax hike. this is drawing condemnation from the trading partners around the world. the president of the european commission denouncing the move as intervention to beiprotect american industries. we have china weighing in as well. we will go live to beijing and matt rivers. what is the reaction overseas? >> reporter: china has weighed in. we are interested in two reactions from china. what they side todaid today and will happen down the road. the foreign affairs minister said it doesn't help and it will hurt global trade and put a dent in u.s. and chinese relations. that is what we heard from the chinese gover

boeing, 129 on thursday.ay. >> i'm glad you brought up boeing and deere and caterpillar. they ripped higher last year it seems like an excuse to take profit off right now >> yes and boeing and all the aerospace is an enormous big earnings generator and earnings monster on the global expansion, the aerospace industry the street is reacting to the headline assuming there is going to be some material impact and the people who are actually paid to figure that out are not doing anything because they're not convinced there is a material impact. and that's why you get this -- we don't know where the market is moves all the time. >> all right thanks, bob. >>> as we head to break, a check on bitcoin at this hour. continues to fall. now twitter are banning all ads relating to icos and other crypto related topics. but before we go to break, rick santelli, what are you watching today? >> i continue to watch the fact that treasuries are still on a run of moving side ways. equity markets have righted themselves but what is

in a sense they were right and i point out boeing shares, boeing is responsible for most of the dow's climb. is that signaling to you that everything might be okay in the end as we're gambling with u.s. versus china versus the rest of the world? >> yeah, i think what you're seeing is usual stock market shoot first, ask questions later. you know, when you look at the data that we're getting. the march flash pmi signaling improvement in the economy. i think the big issue the people are getting caught up in is demand is improving but what's the cost structure going to be? that's getting people nervous, if we see the tariffs into effect. steel, aluminum will move higher. if the response is into effect, other costs could move higher as well. we're getting ready for the march-quarter earnings season where the market's predicated on 18-20% eps bump for the s&p 500 this year. if the story starts to come undone a little bit, likely means the market will give ground back. what you are seeing now is the market getting prepared for that potential conversation, but there's still strong well-positi

at this moment is boeing a trade out?kay can people get out and get back in i have not seen people do that very well. i am just going to caution people if you go off the ball court presentation or largely, you will see it is penny per share and it is going to be passed on consumers, yes i am saying this form of inflation is tameable for verses other forms of inflation that we have been experiencing am i saying lets go buy it, i am not. we are not over sold we are stilwel well above wherew are in the lowest of february. this is can be the favorable retest david, i am urging people to not panic because panic is not a strategy >> so i am guessing journal opt ed today the economic damage will compound because other countries can and will retaliate it will punish workers and undermine tax reform benefits and anger allies, you disagree with this? >> these were stiff than a lot of people are looking for, remember looking for 24% >> potentially across the board without any. he has not decided yet but to the extent that we explain

boeing was listening. at boeing in st. louis. hazel, thank you very much. and congratulations for tell your story to the president yesterday. >> thank you. steve: you bet. all right. 7:20 now in new york city. actor sean penn writing a novel calling for the assassination of the president who sounds a lot like donald trump. the disgusting details coming up. and our next guest went from being a migrant worker to an army soldier, to a border agent. ♪ no place i would rather be ♪ steve: time now for news why the numbers. first, 345 minutes, that's how long passengers were left hanging upside down after that roller coaster sold out. unclear at this point that triggered a safety sensor stopping the batman ride six flags over texas. nonetheless stuck up there for 45 minutes. next, 130 pounds, that's the weight of that monster fish which is bigger than the 68-year-old woman who caught it. sue ellock reeling in the bass grouper in australia. it was 130 pounds. finally, $10,000. that's how much a silicon valley bill

this is boeing and this is china.se are big companies exposed to china, but 2.8%, that is barely more than the u.s. market , which fell 2.5% yesterday. not a hugection, but one. you cannot say that this is pricing in a trade war. thatn stanley said investor expectations might be off a bit and it will be quite a bit painful if we get a trade war. i would highly recommend watching this basket to see if we get more pain from a possible trade were priced in here. dani, commodities had a notable reaction as well in a way that actually may have ndlach'seff goou favorite leading indicator for yields. she'll was the charge for that. -- show us the chart for that. dani: in the white, we have the ratio for copper to gold and it is a classic safe haven ratio. people like it because people buy gold if you are concerned about the economy. traditionally, this has been tied to u.s. 10 years, which is in the yield and blue. it attracts really well. but check out this year. they have been diverging. that was extremely obvious yesterda

game and nasa is launches were all with the united space alliance which was a monopoly created by boeing and lockheed. and they had no real motivation to reduce the cost of flights because they were getting their contract basically they had no competition and they were getting a cost plus contracts so. the more the launch costs the more profit they've got now we have real competition and rocket companies all over the world not just not just boeing and lockheed but ari on space for us cause most of the japanese the indians the chinese everybody is concerned can we compete with space x. so it's really been revolutionary and it's led to a tremendous amount of innovation which i do not think we would have had if it had just been the government involved now i heard you seen one of the interviews that private companies such as basics of blue origin are willing and able to take more risks than nasa or any other government agency do you think government should play any role in determining the pair of amateur yourself though the risk just as a matter of public safety because i think you would agr

julia: and we are ready have reports from boeing indicating that. around the numbers that we are spending more time and attention on durable goods than before because if you look at what the fed says about their growth rates, we need productivity to get up. this is something jay powell specifically addressed earlier this week. >> i think there is a general view, as well, that supply-side there could be supply-side effects, as well, and you would see that the higher investment through lower corporate tax rates and investing, which would drive productivity and make investment more attractive the companies should do more of it. david: this is the chairman saying, maybe we will increase productivity in the past inflation we would otherwise expect. michael: this is the biggest macro question, are we going to see an increase in investment? and as we see the increase in investments, it allows productivity to rise, and with that, firms can pay more without raising prices. it is an exquisite equilibrium if we start getting more investment, and with the tax b