china trade talks as an element here you know boeing is apparently. boeing banked $3013800000000.00 in sales in china for $2800.00 that's roughly 14 percent reportedly of the global total sales and the actual effect of the new chinese terrorists most recent chinese tariff since the weekend and boeing exports reportedly is unclear it's not clear what those tears will apply to if they'll apply to boeing's products but the editor of the global times newspaper a some official newspaper in china said china may stop purchasing u.s. agriculture products in energy reduce boeing orders and restrict u.s. service trade with china so what's your take on the effect of this other set of recent events on boeing. i saw that had and i still wasn't really swayed by that because again i think china's demand for travel makes them reliant upon boeing one thing you need to understand is if they're already flying on boeing airplanes then the pilots have been trained on boeing airplanes they would have to go through another set of training to switch to another airline they w

if they're already flying on boeing airplanes then the pilots have been trained on boeing airplanes they would have to go through another set of training to switch to another airline they would also need to order all the backup parts the spare parts that they now have in stock for the alternative airline so in the end game could there possibly be a change yes in the near future i don't think the risk justifies the reward for them to move away from boeing because they need them right and that's something we've seen as well in the reporting that it's not so easy to just switch suppliers with something like an airplane if they were to switch to a competing carrier speaking of speaking of those competing manufacturers is there any evidence so far of the boeing's troubles or redound to the benefit of any of their competitors in this case probably air bus would be the most likely candidate are they seeing any bounce from boeing's troubles. no air bus is not seeing a bounce they are the number one competitor to boeing so they are the one to watch looking at their stock price it hasn't moved tha

is still waiting for boeing to formally submit the patch for approval. financial pressure on boeing is growing global airlines who bought the fuel efficient long range aircraft had to cancel flights and scramble to find replacements on routes flown by the 737 max air china and other carriers are demanding substantial compensation. over to our washington correspondent helen humphrey helen or i bet is also going to be pressure on boeing over other on u.s. aviation regulators because they were the last to ground this plane. absolutely ben make no mistake the f.a.a. is in the hot seat at that meeting in texas today international regulators all 33 of them are there that meeting and they want answers we're also seeing ethiopia's regulator there and of course that was one of the countries where sadly this plane came down and we're not just talking about the safety of passengers in these jets we're also talking about the safety of people on the ground so you know the f.a.a. here in the united states used to be held up as the gold standard it had a strikingly slo

is investigating boeing what's going on. so this probe is only the latest of boeing's a growing problems with their airplanes of the company is already facing some federal and also some congressional investigations as well as a criminal probe and now also the f.c.c. a wants to know more about whether there is something odd here and whether the company shared enough information now with their investors for this reason investigators are looking now especially at boeing's financial statements to make sure they as sufficiently reflected and reported the possibility of the effects from the airplane precious to their shareholders but so far the f.c.c. declined to comment on anything in the meantime of the f.a.a. said they expect at the grounding as all the as late june which boeing's share to rise more than one percent at the end of this week but the jury is still out and the plans remain grounded the next week it's really looks that looking beyond boeing looks like u.s. markets are recovering from yesterday's losses but what's be

what it did about the boeing maxed before those incidents happened?axed before those incidents happened 7 absolutely, maxed before those incidents happened? absolutely, ultimately the pressure is on for the faa because today they will meet with regulators from 50 different countries and the 737 max is under the spotlight, these countries need reassurances before the grounding. is lifted and ultimately these authorities need to go to their countries and assure their nations. these airlines have been losing money and at some point they will wa nt money and at some point they will want compensation from boeing as well? absolutely. something like this is enough to send a fragile airline in terms of its financial stability over the edge, so compensation is key here. some airlines have been very vocal in slamming boeing and saying they need compensation soon and they will be exploring other aircraft order options, perhaps by boeing's largest competitor, airbus, in response to this ongoing grounding. . some expected it to lastjust this ongoing grounding. . s

>> so the boeing oda and the boeing software engineers respond to their procedures. i'm going to defer to earl on whether or not the standards and the oda manual requires that. >> the obligation is to evaluate the anomaly to the internationally approved standards and procedures for looking at that. if those procedures indicate that it's an item that meets a certain level, then yes, it would have to be reported to the other airlines and to the faa. in this particular case, the approved procedures designated the risk of this item not being in a working condition was -- did not require immediate action. it did require action, and that's what we were talking about. we would like to see quicker reaction than 13 months in the future. >> and can you confirm that boeing continued to deliver planes with a nonfunctioning disagree light even after the discovery that it was only operational with add-ones and even after the lion air accident? >> i believe that the 737 max was delivered after the software engineers discovered that anomaly, yes. >> thank you. and finally, do you be

when will boeing's grounded 737 max return to the air global regulators mean the u.s. to discuss just that and why the americans were the last to ground the jet. also on the show deutsche a-box board faces off with investors were angry over the lenders corporate and legal woes how bad is the food we'll tell you how investors reacted. and the head of the european parliament elections what's on the mind of europe's youth well jobs for one to bring your report from paris. welcome to d business i'm stephen beard thanks for joining us the boeing 737 max has been grounded for 2 months following fatal crashes in indonesia and ethiopia boeing has yet to present a critical software update to american regulators who say they'll need some time to certify the plane they're under pressure from global airlines bottom lines demand they get the plane back in the air. the boeing 737 max will remain on the tarmac until the regulation is convinced the aircraft is safe the 737 max was grounded following an ethiopian airlines crash in march just months after a similar liner disaster in ind

boeing says it is close to fixing the software, and there have been reports that boeing rushed the planeit knew of problems with the mcas system before the first plane crash. in an interview with cbs, boeing's ceo said the company remains committed to safety. we can't change what happened in these accidents but we can be absolutely resolute in what we are going to do in safety going forward. we apologise to the families affected, and more broadly to the travelling public. confidence has been affected. for people who are scared. we have impacted our customers, we regret that as well. so we are stepping up, we are taking responsibility, we know we have improvements we can make and we will make those improvements. we are committed to safety for the long run. the primary focus for boeing is getting the 737 max fleet approved for takeoff. the real test will be if the flying public ever feels safe on those planes again. john strickland from jls consulting joins us now. welcome to you. thank you for being with us. as we heard there, bowing to get that plane. will they trust ain? to get that pla

is still waiting for boeing to formally submit the patch for approval. financial pressure on boeing is growing global airlines who bought the fuel efficient long range aircraft had to cancel flights and scramble to find replacements on routes flown by the 737 max. air china and other carriers are demanding substantial compensation. and let's talk now with our financial correspondent in new york jose luis de haro who is the f.a.a. is now saying late june is the earliest the 737 max could be recertified what does that mean for boeing well the bill for boy will keep growing and it seems that a $1000000000.00 taken inside in india 1st quarter to deal with these matters that are going to fall short some analysts are talking about a cost of around $5000000000.00 because not only this is hurting the economy internally in terms of a slowdown in production delays or any order of cancellations it's also affecting airlines around the world we are already claiming a boeing 2 food bill according to them is to make that industry over $44000000.00 for every day this $7

is still waiting for boeing to formally submit the patch for approval. financial pressure on boeing is growing global airlines who bought the fuel efficient long range aircraft had to cancel flights and scramble to find replacements on routes flown by the 737 max air china and other carriers are demanding substantial compensation. ellen humphrey is standing by for us in our washington studios following this story helena how's the pressure from china being such a huge market scene there way you up. i think the reality of the situation ben is that the f.a.a. and boeing might not like it but that is the reality of the situation china is the walls largest aviation market despite the fact that at the moment it's not building its own plane so boeing really does need to get a handle on this because china is looking to make its own airplanes in the future so if it doesn't of course then it will really risk missing out as china tries to wean itself off the likes of boeing as it tries to wean itself off the likes of us as well and of course not only have these chi

somebody going after boeing.top three things they will hit them on as far as litigation and you know, boeing i think said today something to the effect of they have no clue how much this is going to cost which means a heck of a lot, i gather. >> gary, this is fact-sensitive, meaning a fact finder probably a federal judge, will determine what boeing knew and when it knew it. to the extent of silence or deception on the part of boeing, the more the silence, the more deception, the more a jury will come down on them. that's pretty basic. >> judge, it's jonathan hoenig. thanks for being with us. these crashes are terrible, your heart goes out to the victims but air travel is unbelievably safe. your chances of dying in an aircraft accident are about one in five million. your chances of dying walking down the street are about one in 500. aren't these victims and families of victims going to have to prove this particular sensor was integral to these planes actually going down? it's a harder case to make than you initial

s the challenge for boeing and the f.a.a. is to reestablish that credibility the c.e.o. of ethiopian airlines for one says he'll take a lot of convincing to use the 737 max i cannot fully say that they are paying when for my back on it here paralyzed some wonder whether the economic importance of returning the $77.00 marks to the skies will drive the plane swift recertification in the current system that we have the wobbly wien airbus and boeing there's a sense that this is all too big to fail you know the airlines need to get these airplanes because the airlines need to upgrade their fleets they need to better fuel economy of the airplanes so there's an inevitable 80 of the plane coming back to service it's actually to the old days of dying in a plane crash are one in several 1000000 none of us what we've learned from the development of the 737 max is cause for concern i'm shihab rattansi al-jazeera a 16 year old cos i'm all in migrants has died in texas after a fall and yell and the largest part of the tension center in the u.s. he's the 6th child to die in the custody

one aspect which is interesting is for the first time boeing has admitted that mistakes we re boeingitted that mistakes were made in the manufacture of this aircraft. it relates to a warning light in the cockpit. that warning light in the cockpit. that warning light basically should have been there to flag up a discrepancy between two sensors on the aircraft. those sensors were linked to the two crashes. the ceo has admitted that warning light should have been on all of the plains and it was not an boeing knew about that in 2017 and they did not tell the regulators for two years after that. the implication of that software, he said we did not do that correctly and our communication on that was not what it should have been. there are multiple lawsuits, three more are multiple lawsuits, three more are coming tomorrow and from families and the victims on board theirflights. in families and the victims on board their flights. in the context of all those lawsuits, the ceo has to be incredibly careful. it is interesting he made that one admission. central for boeing is trying to get the 73

s the challenge for boeing and the f.a.a. is to reestablish that credibility the c.e.o. of ethiopian airlines for one says he'll take a lot of convincing to use the 737 max i cannot see that they are paying when for my quantity to paralyze someone to weather the economic importance of returning the 737 max to the skies will drive the plane swift recertification in the current system that we have to do up elite mean airbus and boeing there's a sense that this is all too big to fail you know the airlines need to get these airplanes because the airlines need to upgrade their fleets they need to better fuel economy of the airplanes so there's an inevitability of the plane coming back to service it sort of the old days of dying in a plane crash are one in several 1000000 none of us what we've learned from the development of the 737 much is cool's for consume she ever time see al-jazeera. canada is spending more than a $1000000.00 to fund dozens of containers of rotting rubbish back from the philippines the philippine government says it was shipped illegally in 20132014 mislab

the sort of actions boeing might need to take.ave a better idea of what the final package might look like? it is certain there will be more training required for pilots. it is not clear whether it includes more online training or even stimulated straining -- similar to training. there are regulators who may say, this is not enough to read we are going to force our part. it delays it further and it costs money. the hunt for north of $1 million for compensation. airlines are putting in their claims saying we want money. the longer it stays grounded, the more it is going to cost someone, probably boeing. the faa has been cautious. the bill is adding up for airlines. >> we will leave it there. to flash something when it comes to the market. seeing the benchmark and south korea following. we are set to a race all the gains we saw in 29 teen. we continue to seeing south korea weighted down by these trade tensions. what is weighing it down is energy. oil related stocks. another 2%.n we see the manufacturing side weighted down. still unde

time now for a quick break but then your because when we return boeing is back under fire again this time from beyond america for us from china to europe r.t. correspondent alex my heritage gives us an aerial view of boeing situation and as we get a break here the numbers at the club. really there's there's not much happening in the global economy as a result of the u.s. trying so called trade war just to put things in perspective you know most things that are exported from china's the united states are exported as finished products the same holds true for most things exported from the u.s. to china so any tariffs on those products while they might affect price levels in the u.s. or in china and they might affect the level of trade between the u.s. and china they simply don't disrupt the global supply chain and so the rest of the world is hardly affected at all. we ought to shy to talk about to turn chinese navy into a blue water navy actually we have but it's clear that if i need a century. will be developed hopefully. some military. would even crude less the closer the chinese navy

terms of getting confidence back but what kind of reaction are we saying from the airlines who buy boeing jets surely this one affect confidence not just in the 737 max but in the company's whole fleet well the airlines have varying views on this one thing they share in common of course is that they they are financially suffering and this grounding period continues i've met with so several c.e.o.'s of boeing 737 max operators who was at the cost incurred are astronomical and not sustainable and so on $1.00 end of this go we're hearing from airlines who are publicly saying boeing we will not wait any longer we are switching that would perhaps looking at us not because they can't be here it's there are other airlines who are standing behind boeing they are saying that manufacturers have suffered in years and years be a bull in a similar way and they are confident that boeing. in due course and that it will be accepted widely around the world but we are still in this hazy period where there is a very kind of range but billions alex let me ask you a little more about the perception within the

that's boeing's best seller. norah joins us now.nd, norah, there are a lot of nervous fliers already, and it really scared people. >> reporter: it did. good evening to you, margaret. it's been an extraordinary day for news. boeing is the largest aerospace company in the world, and tonight its c.e.o. told us it is at a defining moment. c.e.o. dennis muilenburg admits these two crashes damaged the public trust and confidence in flying, and that's why we began our conversation by asking him, "is it time to apologize to the families?" >> i do personally apologize to the families. we feel terrible about these accidents. and we apologize for what happened. we are sorry for the loss of lives in both accidents. and that will never change. that will always be with us. i can tell you it affects me directly as a leader of this company. it's very difficult. >> reporter: did you ever consider resigning? >> no. it's-- it's important that i continue to lead the company. and the fact that lives depend on the work we do, whether it's people flying o

airlines a boeing 737 max jets will need up to 150 hours of work before they can fly again. high pressure continues to dominate the weather across australia the moment that means lousy father dry the high as a lid on the atmosphere suppresses the cloud popham in the south where it is popping up we've got some wet weather rolling through the bite so you might see some gray skies even some wet weather there across southern parts of south australia pushing i've been to victoria could see some wet weather here just coming into port fairy pushing over towards the melbourne 17 celsius the top temperature in melbourne north of that is warm and dry 2324 along that east coast over the next couple of days 19 celsius the path by saturday a little more cloud just coming back into the stage and we'll see the cloud still clinging on to the coastal fringes of victoria on sas day the tasman sea for the clouds rolling into tasmania here and that will gradually ease over towards new zealand say spec to see some wet weather coming in here by the end of the weekend it's not too bad at the momen

to compensate, boeing developed an -- a software fix. the on just one sensor with a record of malfunctioning, boeing did not highlight the new system to faa or pilots. despite the major design change, this was fundamentally the same plane as the 737, so the recertification process was speedy and costly additional pilot training would be minimal. the faa took boeing at its word. >> they make changes in 2005 effectively-- that pushed the certification process over to the manufacturer. there is very little evidence boeingowed bowing -- testing of mcas. reporter: the challenge is to reestablish the credibility of faa and boeing. >> i cannot fully say the --craft reporter: some wonder if the economic importance of returning the plaintiff the skies will drive a swift recertification. >> the duopoly between airbus and boeing there is a sense of, that this is too big to fail. the airlines need to get these needners in the air, they to upgrade their fleet, they need the better fuel economy of the airplane. so there is an inevitability of the plan

took boeing at its word they make changes that you 1000 live that that. only handed over all that sort of occasion process to the manufacturers and i think you know there's there's very little evidence that shows that boeing in any way gauge any kind of robust testing. but the challenge for boeing and the f.a.a. is to reestablish that credibility the c.e.o. of ethiopian airlines for one says he'll take a lot of convincing to use the 737 max i cannot fully say that they had been when for i wanted to penalize someone to weather the economic importance of returning the 737 max to the skies will drive the plane swift recertification in the current system that we have the wobbly wien air bus and boeing there is a sense that this is all too big to fail you know the airlines need to get these airplanes because the airlines need to upgrade their fleets they need to better fuel economy of the airplanes so there's an ebit ability of the plane coming back to service it's actually to the old days of dying in a plane crash are one in several 1000000 none of us what we

boeing has multiple issues.y is it being investigated by the faa and the fbi with negative news and we have the trade war issues and if we face tariffs they could face incr costs which could eat into the profit margins and there's just a lot of uncertainty and i don't see that t tting in right now, even though it's cheap,uld get cheaper and i just feel it's a little earlier and i wanto see more clarity before i feel comfortable getting in. >> eri gibbs, and gary bradshaw with the hodges funds. always good to see you. thanks for joining us tonight. >> new premium burgeps hel wender's earnings s that's where we begin tonight's market focus and the burger chain reported better than expected earnings and revenue and the launch of its new premium burgers and the company announced it introduced fresh ef burgers to entice customers for premium fast food and shares rose 4% to 19.20. online subscriheion groekts ed the new york times top wall street expectations and the times now has 4.5 million total iptions with the goa

break down how some neighbors on china's doorstep are capitalizing on the trade turmoil and finally boeing is back under fire again this time from beyond america's borders from china to europe to correspondent alex middleaged gives us an aerial view of boeing's turbulent situation all of that directly ahead but 1st we have some headlines let's go. huawei continues to make headlines today as the u.k. mobile carriers iii and vodafone drop while way devices from their 5 g. network both carriers were set to include weiwei but given the u.s. is government ban was always future looks uncertain while way runs on android outside of china but the band prevents it from buying u.s. goods including the crucial android license this throws how future a software updates will work and whether it will have access to the google app store into question both carriers refuse to launch a product until they can assure customers of long term usability by huawei is not without options in spite of the ban as the 2nd largest phone maker in the world qualities sheer size could create the one true competitor to i us a

and so on $1.00 end of the scale we're hearing from airlines who are publicly saying boeing we will not wait any longer we are switching that would perhaps looking at. because they can't be just waiting period there are other airlines who are standing behind boeing they are saying that manufacturers have suffered in years and years before in a similar way and that they are confident that boeing create in due course and that it will be accepted widely around the world but we are still in this hazy period where there is a very kind of range of opinions alex let me ask you a little more about the perception within the industry and how boeing if dealt with this whole situation do you know how long boeing has known about the simulator for despite only admitting it on saturday we do not know how long they have known but we do know like you just said that they have now it means that they know that this and past each is what they're calling a large cringe now you have a clear division right now between the manufacturer and the airlines ethiopian airlines have been very active on twitter sha

time now for a quick break but hang here because when we return boeing and back under. fire again this time from beyond america for us from china to europe r.t. correspondent alex mahela which gives us an aerial view of boeing's turbulent situation and as we get a break here the numbers at the club. you know world big. lot and conspiracy it's. a way to dig deeper to hit the stories that mainstream media refuses to tell more than we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. we are not to shy to talk about vision to turn chinese navy into a blue water navy actually we have but it's clear that if by need a century. will be developed hopefully. the military. would even crude the claws the chinese navy. says and see it forms part of a high altitude nature reserve. it's one of the famous indian easy is principle which a way starts its journey. oh my god i said. this $300.00 kilo much as from a civil

what does boeing do for the federal government? guest: boeing produces a number of things, many of them with legitimate purpose. the $72 million they spent on huge.ng, the return was they received three quarters of a billion dollars in terms of federal grants, subsidies for boeing products. boeing.d into they also take a tremendous amount of taxpayer-backed financing through government banks like the export-import bank. during an eight year period that we studied, boeing received one dollar out of three dollars of total lending by export-import -- export-import bank. host: what role does the department of defense life? guest: they play a large role in this. six out of the top 10 companies are defense contractors. for instance, like lockheed martin, 84% of their entire revenue, than it has a wall street market cap of $90 billion, 84% of what they say on annual -- what they sell on an annual basis comes from federal agencies, specifically the department of defense. host:. host: our guest is with us until 10:00. if you would like to l

. >>> plus a shocking admission from boeing.pany revealing it knew about a flaw with one of its alert systems a year before one of two deadly crashes involving that system. why wouere the airlines never notified? i felt i couldn't be at my best wifor my family. c, in only 8 weeks with mavyret, i was cured and left those doubts behind. i faced reminders of my hep c every day. but in only 8 weeks with mavyret, i was cured. even hanging with friends i worried about my hep c. but in only 8 weeks with mavyret, i was cured. mavyret is the only 8-week cure for all common types of hep c. before starting mavyret your doctor will test if you've had hepatitis b which may flare up and cause serious liver problems during and after treatment. tell your doctor if you've had hepatitis b, a liver or kidney transplant, other liver problems, hiv-1, or other medical conditions, and all medicines you take including herbal supplements. don't take mavyret with atazanavir or rifampin, or if you've had certain liver problems. common side effects include

all of this has some aing what did the ceo and the boeing board know? and why didn't the company act sooner to notliy as and regulators? as those questions mount, the company has moved its chief legal counsel into a new position advising mullenberg and the boeing boardut the crisis. airlines continue to believe the 737 max will once again be flying some time later this summer. all of that is contingent upon the faa and regulators around the world approving a software fix for the plan boeing has yet to submit that fix for regulatory approval. phil lebeau, "nightly business report," chicago. >>> kraft hindz will restate more than two years of earnings results. that's when we begin tonight's market focus. and internal investigation revealed employees fabricatedsa trions that increase the cost of products sold. the company said it will restate results as far back as 2016. warren buffett who is berkshire hath sway kraft heinz largestar older says the company has the confidence. the shares were up a fraction today to $32.77. baush health reported better than

>> i think airbus is similar to boeing. players in the industry, airbus and boeing, they're both equivalent in my mind and -- lauren: i find it interesting that you used to work at the faa, you're a pilot yourself and you say you trust boeing more than you trust our regulators. >> well, boeing is a 102-year-old company. if you look at their stellar track record of producing airplanes, it's perplexing how good they are at what they do. i was a former faa safety team representative. the faa is aware of how good boeing is and the self-certification process really is -- it really does good for the manufacturing of airplanes. lauren: did it fail in the two instances involving the lion air crash in october and the ethiopia crash in march where there was an issue with the sensor and we found out on sunday, the wall street journal broke this news and boeing admitted it, that they knew about this sensor issue, which basically caused the plane's nose to push down so the plane was falling instead of flying, that they knew about this i

does this recording suggest pilots were more concerned than boeing has led us to believe?reporter: well, john, pilots have been very concerned and pretty vocal about it once they learned about this mcas system. in fact, after that november meeting, the american pilots filed an information request with the f.a.a. for more information about the airplane. now, what i think is really significant here, is this is the first unscripted moment we have heard from boeing in this really entire situation here as they were struggling to figure out what they needed to fix. john. >> dickerson: all right, kris, thank you so much. extraordinary. and we have other breaking news from washington. the president's son, donald trump jr., has just agreed to answer questions from the senate intelligence committee on his contacts with russians. nancy cordes is at the capitol tonight. nancy, this is a bit of a breakthrough. >> reporter: it is, john, because the president and his family had not been happy at all that the president's oldest son had been subpoenaed to testify coittee. and, in fact, the

correspondent alex ahead of it gives us an aerial view of boeing harvey. and as they get a break here the numbers at the cloud. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been only implement inside venezuela things look different we're going to announce sanctions against a troll to venezuela so if you. have a son of a moment please. get out of that. battle scene on the keep. the moment the focus of the who story isn't new nixon called in henry kissinger to tell him that not be tolerated in latin america. an alternative economic and social system could take hold and therefore the policy would be to make. the economy scream so wants now making the economy of venezuela screed. there is more news about major brazilian mining company valley and their dangerous dams holding back waste at mining sites valley has warned residents of the town of bar around. that the company's sole superior dam 8 miles away is an imminent danger of collapse and almost c

boeing says it is close to fixing the software, and there have been reports that boeing rushed the plane to fast and that it knew of problems with the mcas system before the first plane crash. in an interview with cbs, boeing's ceo said the company remains committed to safety. we can't change what happened in these accidents but we can be absolutely resolute in what we are going to do in safety doing —— going forward. we apologise to the families affected, and more broadly to the travelling public. confidence has been affected. for people who are scared. we have impacted our customers, we regret that as well. so we are stepping up, we are taking responsibility, we know we have improvements we can make and we will make those improvements. we are committed to safety for the long run. the primary focus for boeing is getting the 737 max fleet approved for takeoff. the real test will be if the flying public ever feels safe on those planes again. let's have a look at the markets, and asian stocks are headed lower in mid—morning trade as investors continue to worry about the impact ofa continue

boeing is a great american company with many thousands of workers best in the world but boeing leadershipy now crooked, self-serving and shockingly irresponsible. they must be held accountable. charlie, you follow this all along. >> it's important to realize it's not the market work but cronyism and you look at the self dealing is a perfect way to put it government access to contracts for monopolization they have on the american manufacturing industry for airlines there's only two firms in the world to make the type of planes they make, transcontinental airline and that would be airbus in france and boeing in america and i like to think where the country that's a rich, 20 million dollars gdp or americans we have one company that can do that that goes to show that the tax dollars should always eat if used in decentralized when you bid for these contracts. steve: important point. so much the thing that's gone wrong in so many parts of the economy of the centralization not enough competition. >> so true. for me i fight frequently we put our lives in the hands of these companies and it's abou

we have a very good relationship with boeing.gest company -- their largest consumer in europe. timeframe, that if deliveries are pushed back to this date, we will have to have serious conversations? michael: the real date for us would be next summer. if there was something that prevented the aircraft for peak season 2020, that would hurt our capacity growth next summer. we don't see that happening. we have utmost confidence in the aircraft. it is a great aircraft. there has been this issue with the software. i think if you get it resolved like that problem number of years ago. david: let's talk about brexit. we talked about that in the past, and you were saying they are going to sort this thing out or it could really interfere with air traffic in europe. we thought a hard brexit was off the table. now it might be coming back. how big a problem is that for you? michael: it is an inconvenience in the short term because it definitely disrupts consumer confidence in the u.k. bookings are down, consumer confidence is low. i think the

in terms of do you invest in boeing stock do you trade boeing stock? i think you stay away from it until this is resolved there is clearly something going on with the culture at the company that we don't have a handle on yet. so for me, it's a no touch >> i just don't think anything is really changed in terms of the culture of the company in a long time. despite the tragedies, i don't know that's a bad thing. they're not going to stir up i think unnecessary dynamics if they don't have to as it relates to safety issues on a plane. and i think there is probably some responsibility to also not do that. so i don't think this is a great time go in and buy boeing that you have to. but if i look at the long term impact on what this means in the short term in terms of what they told you three weeks ago in terms of two weeks ago, i think in the short run there is a head wind n the long run, doesn't change anything. >> it's not much has changed and this and that. if this was a consumer product -- if this was a consumer products company, i mean this stock would b

also coming up boeing on the federal aviation administration want to global consensus to get the 77 knots flying again that could take time at every many places on both stops. and he wants to be a leader in technology but fails to create the right environment critics say. the business i want to get jobs in berlin and west starting with the latest twist in the u.s. china trade route china's foreign ministry has denounced comments by u.s. secretary of state peo who said that the c.e.o. of china's sure way technologies was lying about his company's ties to the beijing government the us government puts you away on a trade blacklist last week banning u.s. companies from doing business with it now the latest escalation makes a swift end to the trade route increasingly unlikely. u.s. president donald trump says he wants to help farmers who've been affected by the trade conflict with china he announced an aid package with $16000000000.00. the president also claim. that the trade war would end swiftly although no high level talks have been shadowed since the last round of negotiations ended 2 week

boeing reports, not a single new aircraft was ordered last month. this is certainly hurting them. >> absolutely. >>> 17 minutes after the hour. >>> she went to the hospital after she was raped. the hospital leaked her information to her rapist, who attacked her again. so again, using "para", you're talking about something that is for someone. ♪ pretty good. could listening to audible inspire you to start something new? download audible and listen for a change. so now you can bring in your own phone, switch wireless carriers and save hundreds of dollars a year. it's pretty much the easiest way to save since sliced bread. because savings is as savings does. and sometimes you've just got to stop and smell the savings. i'm sorry, i think you mean roses. oh right. you need to stop and smell the roses of savings. bring in your own phone, switch to xfinity mobile and only pay for data. now that's simple, easy, awesome. get $100 back when you bring in an eligible smartphone. click, call, or visit a store today. >>> he has driven for lyft. he has driven for

boeing argrgues computer trading is sufufficient for pilots to learn the new software.e safety at swear -- xmas and regulators say the pilot should practice on flight simulators, a requirement which could delay the 737's return for months and that boeing seems to be determined to resist. >> the airline industry has seen better days,. of one quarter billion euros over a six-month. until march and the british low-cost carrier depended on uncertainty over brexit. sightingsf drone resulted in a shutdown of the uk's second-largest airport for 2.5 days. the total cost to easyjet, 11 million euros. moving to markets. the european markets in negative territory today with investors increasingly anxious over the u.s.-china trade dispute. u.s. slammed huawei with sam -- sanctions. markets are still responding. ftse down slightly. --ger losses on the docks dax. in frankfurt.losses investors reacting to a story run in the p people's daily said that the trade dispute would never bring china down. the patriotic rhetotoric has let investors spooked. they feel the trade dispute might be

and the compensation claims pile up over boeing's grounded 737 max but u.s. regulators say they need global consensus 1st to get the passenger jet back in the air. i mean physical and let's do business while way has become a bargaining chip in the u.s. china trade war trump laying out his cuts saying a trade deal could include the tech giant but the american president's comments directly contradict his chief diplomat mike pompei or the secretary of state saying the trade issues are not linked he accuses the chinese company of lying about its ties to beijing financial markets were fairly muted friday investors torn between fears of a more protracted trade dispute and hopes the world's 2 largest economies would reach a deal soon it's a trade dispute that's playing out on many fronts including in rural america flanked by a group trump described as being with him from the beginning the president announced this concession to u.s. farmers so today i'm announcing that i have directed secretary perdue to provide $16000000000.00. america and ranchers are all comes fro