boeing does the design, boeing does the analysis of how that design could fail in various ways.posed to be looked at by engineers. many of those engineers are former boeing engineers, but now they work for the faa. very few boeing insiders have spoken out publicly. but one has agreed talk to us. adam dickson ran a team of engineers working on the max. he says they were pressured to downplay new features. and by classifying them as minor, rather than major changes, boeing would face less scrutiny from the faa. differences on the max, the goal was to show that those differences were so similar to the previous design that it would not require a major design classification in the certification process. there was a lot of interest and pressure on the certification — and analysis engineers in particular — to look at any changes to the max as minor changes. when you drive a change in classification from major to minor, that reduces the scrutiny of the system in some ways that could impact safety. insiders at the faa were so concerned they sounded the alarm before the second crash in et

meaning to hot chocolate doesn't if you're watching the news from berlin up next the plane maker boeing announcing massive losses that and more business news with gmail stick around for the. birth. home to use of species. a home worth saving. given those are big changes and most start with small steps to. tell stories of creative people and innovative projects around the world. to use the country to try to stop green energy solutions and be forced into. the current interactive content to choose the next generation of voters but it took such action . using the channels available to inspire people to take action and more determined to build something here for the next generation along. the environment series of global $3000.00 on d. w. and online. from. the world's biggest plane maker sees its biggest quarterly loss boeing said it might even have to stop producing its ill fated 737 maps for a while if the plane remains grounded much longer. also coming up britain has a new prime minister and he supports brags that at any cost trade between britain and the e.u. already swindling businesses

later boeing's plane profits are boeing boeing gone for the aerospace giant as the problems continue to pile up molly barrows of america's lawyer standing by to take us through the turbulent by the air giant at a packed show today so let's go and dive right in. an opec plus deal before the opec meeting brings leads our global report today as russia and saudi arabia announce an agreement to extend oil supply in cuts russian president vladimir putin and saudi crown prince mohammed bin solemn on meeting at the g. 20 summit in osaka japan announced the agreement to support an extension of previously agreed production pullbacks mr putin indicated that the length of the extension could be 6 or 9 months seeming to leave that important detail to be resolved at the meeting of the organ in the organization of petroleum exporting countries which formally begins on monday in vienna opec member saudi arabia has effectively been steering opec policy in consultation with russia russia is not an opec member. but is attending the meeting as part of the opec plus alliance oil minister hinted at some o

adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. the new long haul wide body plane because of problems with the general electric engine. the company is working frantically to update it 737 mark software to get the plane back in the air however it admits it doesn't know when it will fly again investors are rattled ratings agencies moody's and fitch have cut boeing's investment outlook to negative as a result of the crisis. over an hour to wall street where our markets correspondent was selling we stay horo is standing by hi ho solo east so picking up on those boeing results what sort of future are investors expecting as specially given these developments with the 737 max. some are more optimistic than all those you know but the result concerned the of the $737.00 mags that does not to start flying again by the end of this year then boeing will will hardly its production as intuition we not only will have a significant consequences for the company but also for airlines like southwest or american among all those who we already canceled

boeing profit warning. the world's biggest planemaker reveals the multi—billion dollar financial impact of the 737 max groundings. and on the markets, oiljumped in asian trading on growing geopolitical fears and sterling edges higher as british politicians backed a parliamentary manoeuvre designed to stop a no—deal brexit. there is only one tech giant that is valued at more than a trillion dollars. it's not amazon or apple — but microsoft. and it has just proved again why it is the world's most valuable publicly traded company. injust three months, this giant brought in almost $34 billion in revenue. about the same amount as the value of cyprus‘s entire economy. and unlike a number of the tech giants, this company is actually making money. lots of it. in fact, $13 billion of profits. how? office software and cloud computing are proving to be the big money—spinners for microsoft. the likes of microsoft 365 and the azure business in particular. what's powering all of this? an unexpected rise in the number of

the global grounding of the $737.00 max drags on boeing now says it will show up billions to compensate airlines so why is the plane maker stocks going up. also on the show the island charges of mykonos cover to help the price tourists are facing sticker shock on the famed rico. and the new kind of electric motorcycle is throttling up get ready to pedal up to 80 kilometers an hour. this is your do you have your business report i'm stephen beard's in berlin thanks for joining us deadly crashes in indonesian ethiopia a long list of lawsuits and the aircraft at the center of the controversy still hasn't been fixed boeing hopes to get regulatory approval to return the $737.00 max to the skies in the 4th quarter but that timeline is only an estimate and with airlines losing money on the model the plane maker has now announced it will set aside billions to compensate them. it's the company's best selling plane and a model that's become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. the movement to the can

time now for a quick break by here because when we return those plane profits are boeing boeing gone by the aerospace guy as the problems continue to pile up molly barrels of american water standing by to take us through the turbulent times by the air and as we go to break here the number of. posts. so what we've got to do is identify the threats that we have it's crazy one for him to let it be an arms race of his on off and spearing dramatic development only closely i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. as we speak large organize care of our own the march to the united states. and then 70 and a player coming out for a caring. nowheres remains sitting down. this is a virtual invasion of our country for so far because anything we see. that i met him and i'm in there at our fallen ill for nothing up in the form of a feeling you know it's going to stop this is. a knife our feeling. is you know do is you know we're going to see a more locals who noticed this is for sure for players for to open. the. yeah. welcome bac

person who works for boeing and boeing person who works in public interest for faa? i voted against it when it first went forward but then when we got around to reauthorization seemed like it was working pretty well. we knew that we didn't have enough faa inspectors to do proper oversight. we raised concerns about that during reauthorization, but now we see that there's very, very significant questions being raised in this matter. the committee is involved in a very in-depth investigation in addition to other investigations and justice department and inspector general and others are undertaking on how this all happened. be you know, we will hearing from boeing in the future, when we finished going we received probe of documents and we are going through them, so that's a work in progress. but we are here today to talk about some concerns that are ongoing and hear from the families. a few other things in the bill that the faa has stone-walled, flight attendant, fight for that for years, mike did a great job, we held it against the wishes of some of the airlines and tho

time now for a quick break by here because when we return those plane profits are boeing boeing gone for the aerospace guy as the problems continue to pile up molly barrels of america's water is standing by to take us through the turbulent times for the air giant and as they go to break here the number of. posts. seems wrong. to me to get to shape out these days you can't get educated and in detroit because betrayal. when so many find themselves worlds apart. just to look for common ground. as we speak large organize care of a bar on the march to the united states. in a play and coming out party carrying. just war. this is a virtual invasion of our country. so far to. say . that i'm at the end i thought of it but i meant. for nothing i'm going to. you know it's going to stuff it in. a knife. if you don't do is you know we're going to see a more little goes unnoticed society player for 2 oceans that. the. magic mushrooms use down some contacts used in the wrong way carry carry potential arms like any any psychoactive substances. but used in the right way they seem to have quite a. pro

the world's biggest plane maker sees its biggest quarterly loss boeing said it might even have to stop producing its ill fated 737 that's for a while if the plane remains grounded much longer. also coming up britain has a new prime minister and he supports price it at any cost and trade between britain and the e.u. already is dwindling businesses on both sides of the channel urged boris johnson to avoid a new deal break that. and how the world's gold fever is poisoning africa we look at the human toll in dawn on. this business i'm joined now on in berlin welcome boeing has posted the biggest quarterly loss in its history chiefly to blame the grounding of its best selling 737 max aircraft following 2 deadly crashes now boeing says it may even temporarily shut down production of the model. boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over $2000000000.00 profit since then 2 of the company's best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 aircraft were killed

apple and boeing. investors also spent the trading seion trying to figure out what the central bank will likely do following t strong jobs report that we told you about on friday. we'll have more on that in just a moment. >>> but first, the closing numbers. the dow jones industrial average dropped 115 points to 26,806. ase nasdaq down 63 and the s&p 500 sli 14. >>> let's start with apple. it was the worst performing dow stock today after analysts at rosenblat securities downgraded shares to a sell. they cited the weakening demand for apple's flagship iphone especially in china and also the potential for slower service revenue growth. e calling what they called fundamental deterioration in the sck over the next 6 to 12 months, and shares of apple finished 2% lower in today's session. >>> and now to boeing which ovec the weekendved its first major cancelation for the 737 max airpla it came from a low-cost airline in the middle east. that sent the stock down more th 1% and it renews focus on the backlog o

and so they see this as boeing trying to repaira so they see this as boeing trying to repair a loss statement, the boeing ceo says he hopes that this money will give some comfort to the families who lost their loved ones in the crashes. the $100 million, the plan is, will be invested over a number of years. boeing will partner with local governments and also non—profit organisations to invest in things like economic development for communities, and also to pay living expenses and educational expenses for the families. now, already one law firm in chicago, which represents 23 family members who have sued boeing, came out with a statement kind of pouring cold water on this pledge, saying that it was disingenuous when there are still so many facts that are unknown about what happened. they said boeing to take that money instead and help families recover the remains of their loved ones and ensure that the 737 max is safe to fly. nomaan husain represents seven families of victims who were travelling on ethiopian airlines flight 302 when it crashed in march. welcome. thank you for talking

, boeing being the biggest kpoent ent of xli.we have certainly a cautionary tale here in xli xli up here you can see struggling to move on to the 200-day moving margin where the broader markets are doing fine with it. here is the problem. this is xli divided into spx over here. if this one is dropping, it means the first is weakening against the second one, which of course is the s&p. clearly there's been massive performance in industrial. again, boeing being the largest component that's an issue. so obviously we've seen a huge run-up here in boeing. we have begun to consolidate but, again, i will draw your attention down to the lower ratio here you are seeing under performance of boeing against xli. so xli underperforming xpx, boeing underperforming xli that's a bit of an issue before we flip off the screen, i was listening to pete's levels back there if you look at the depth of prior corrections here, i'll highlight them -- i don't want to flip charts here so i won't hit clear. if you look at prior corrections, you are talking

last october, a boeing 737 max crashed into the sea off indonesia. people onboard were killed. within weeks, relatives were offered compensation by insurance lawyers. but families who took up the offer had to sign agreements that would prevent them from taking legal action against boeing or the airline lion air. merdian agustin‘s husband ika was killed in the crash. they give give me some document to sign, the document said you can have the money but you can't sue us, lion air, you can't sue boeing. merdian didn't sign, but it's believed around 50 families did. they will get compensation ofjust under £74,000 each. but under indonesian law, the families were entitled to £71,000 any way. the relatives of those who died in the crash had little to gain by signing these agreements. but they could be very valuable to boeing, because in signing them, the families have agreed never to take legal action over the crash. we asked boeing if they have had any communication with the insurance lawyers who helped organise the agreements. they didn't answer our quest

last october, a boeing 737 max crashed into the sea off indonesia.eople onboard were killed. within weeks, relatives were offered compensation by insurance lawyers. but families who took up the offer had to sign agreements that would prevent them from taking legal action against boeing or the airline lion air. merdian agustin‘s husband ika was killed in the crash. they give me some document to sign, the document said you can have the money but you can't sue us, lion air, you can't sue boeing. merdian didn't sign, but it's believed around 50 families did. they will get compensation ofjust under £74,000 each. but under indonesian law, the families were entitled to £71,000 any way. the relatives of those who died in the crash had little to gain by signing these agreements. but they could be very valuable to boeing, because in signing them, the families have agreed never to take legal action over the crash. we asked boeing if they have had any communication with the insurance lawyers who helped organise the agreements. they didn't answer our question. th

caterpillar and boeing. boeing is looking at the effect of the grounding of the 737 max.fraction this morning. cat pill r later icaterpillar ia percent. it will give us a look at the economic backdrop around the world. we'll tell you how it's impacting markets this morning. our top story this half hour are the earnings. joining us, fox business reporter jeff flock, bill baruk and aviation analyst gre mike b. lote m.what are you expecting of boeing? >> i think we're going to see a wider picture than just the max. remember, the max is just one part of their entire program. so it's affecting them. it's going to affect them big-time in the future. but we've got to keep in mind, there are a lot more things at boeing than just the 737. maria: jeff? >> yeah, i don't know that -- this is a huge pile of unknown at this point. it's uncertainty. i don't know that anything that you're going to learn today either from the earnings numbers or the earnings call, which it as 1030 eastern time is going o dispel any of the unknowns. maria: you're going to get an impact of the issue on the

boeing is having major growing pains. federal prosecutors reportedly issuing subpoenas related to the production of the 787 dreamliner which is a widebody aircraft built in south carolina. the 737, a single aisle jet made in washington state. but there are areas in south carolina that do some of the work. vertical research partners cutting its 2021 price target for boeing now from $417, not by that much, to $413, but the stock right now is at $353. they say they expect the 737 grounding to last nine months. add to this the 14-year-long trade battle between europe and the united states over subsidies that europe gives to its european counterpart, airbus. the boeing counterpart. the longest dispute in the history of the world trade organization. to the "wall street journal" aviation reporter, who broke the story on the dreamliner subpoenas and has been all over all things boeing. where do we begin? >> well, it's not clear what the connection is between the dreamliner inquiry and its relation to the 737 max issue. our counte

well, it's basically boeing and caterpillar.00, it is higher by about a fifth of a percent and nasdaq higher about a half percent. those are sitting at record levels the nasdaq, i should say, despite the hurdles facing big tech as the doj takes aim at the industry more broadly launching a broad review of big tech companies over fresh anti-competitive concerns. elon moy with more >> the justice department plans to look at three areas of concern. are the big tech companies stifling innovation or harming consumers? the doj said there are widespread concerns about practices related to search, social media and some retail the doj does not name specific companies, but google, facebook, am amazon and apple could get caught up in this. without the discipline of meaningful, market-based competition, digital platforms may act in ways that are not responsive to consumer demands the doj is not the only agency in washington responsible for regulating big tech. the ftc is conducting its own scrutiny of the internet giants, both over antitrust

it's the faa, it's not boeing. it's the faa, they got it wrong so they have to make sure they're meticulous in this whole process and it's taking longer >> every day there's an article, over the weekend an article about the faa outsourcing parts of their inspection process to boeing itself, then there's an article about the smaller high growth areas in the world that are buying these jets, the biggest customers for the max and they're really feeling the pain and how that's an impact. every day there's something. >> when it happened with facebook then it stopped >> and they announced the huge pieback at 125 a share for facebook mel, i listened to mr. o'leary a lot. he's trying to play poker here and he doesn't have a good hand. even though he's got all that money to spend he's playing poker, mel, because right now he is a one aircraft fleet. he just flies boeing that's all they fly. full stop, end of story, you don't have airbus mechanics on staff, and so forth. so for you to say, for instance, i'm going to go with

last october, a boeing 737 max crashed into the sea off indonesia. within weeks, relatives were offered compensation by insurance lawyers. but families who took up the offer had to sign agreements that would prevent them from taking legal action against boeing or the airline lion air. merdian agustin‘s husband ika was killed in the crash. they give give me some document to sign, the document said you can have the money but you can't sue us, lion air, you can't sue boeing. merdian didn't sign, but it's believed around 50 families did. they will get compensation ofjust under £74,000 each. but under indonesian law, the families were entitled to £71,000 any way. the relatives of those who died in the crash had little to gain by signing these agreements. but they could be very valuable to boeing, because in signing them, the families have agreed never to take legal action over the crash. we asked boeing if they have had any communication with the insurance lawyers who helped organise the agreements. they didn't answer our question. they said the insurers

, all kinds of scale with boeing.th a lot of customers here. that doesn't mean the airlines aren't going to at least use that as leverage with boeing. even southwest made some comments within the past few months that basically there's no law that says they have to stick with boeing and that for me, cheryl, is my long-term concern here. look, obviously with a company whose market cap is still down, what, 30 something billion dollars, a lot is priced in here, in terms of compensation that boeing will have to pay to families of victims, to airlines being impacted by this. long-term, what's the pricing of this plane going to look like and that's what i'm interested in. cheryl: that volatility, we showed that year-to-date chart, that volatility is all over the screen. i want to switch gears with you, doug, before i let you go and move on from boeing. stocks rallied yesterday on news that the chinese and the u.s. trade officials are going to get together face-to-face in china next monday. we do have futures down today. is t

boeing didn't want to make a change the faa managers sided with boeing and cables went in as initially designed. >> last to phil, hearings later this week, what are the chances the planes are in the air early 2020 at this point that seems to be the betting line. >> oh, boy, they would have to do a lot in a short period of time and that's why i think dennis muilenburg softened the market last week. saying if this is delayed much further and we can't get them in service we may have to halt production increasingly when you talk to people in the industry they're not expecting it before the end of the year. >> david gelles, fabulous article. for all the viewers out there, if you've had a chance or haven't had a chance, go do it phil lebeau, great to see you, my friend. >>> a lot more coming up big pharma under fire. with bernie sanders coming out swinging ahead of tomorrow's presidential debate. how do they feel about the candidates debate about that after this deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent, but it do

boeing is an incredible company they are. working very very hard right down. and totally they will very quickly come up with the answer but until they do the planes are grounded. these incidents prompted the u.s. department of justice to investigate the licensing and marketing certification of buying 737 max aircraft issued by the federal aviation administration meanwhile boeing has said it does not respond to comment on questions concerning legal matters with internal litigation or governmental inquiries is it right to say that i didn't see like the federal aviation administration and the n.t.s.b. are frightened of companies like boeing. most definitely. they have to be the. the manufacturer the larger it is the larger the arms and the reaches are to it i mean he just if you look at boy look at how far reaching their capabilities are to they have more government. solicitors in washington d.c. that help him get their products approved there jordi of their companies to united states government. the inquiries into the 273 max i crashes will no doubt continue for

last october, a boeing 737 max crashed into the sea off indonesia.by insurance lawyers. but families who took up the offer had to sign agreements that would prevent them from taking legal action against boeing or the airline lion air. merdian agustin‘s husband was killed in the crash. they give give me some document to sign, the document said you can have the money but you can't sue us, lion air, you can't sue boeing. merdian didn't sign, but it's believed around 50 families did. they will get compensation ofjust under £74,000 each. merdian didn't sign, but it's believed around 50 families did. they will get compensation ofjust under £74,000 each. but under indonesian law, the families were entitled but under indonesian law, the families were entitled to 71,000 any way. the relatives of those who died in the crash had little to gain by signing these agreements. but they could be very valuable to boeing, because in signing them, the families have agreed never to take legal action over the crash. we asked boeing if they have had any communication with

the faa, who is at boeing's side imrough the whole process, in theators with boeing, approves the planes they get back to flying early october. then boeing can start delivering the planesarked at facilities all over the country and start gettingthe revenues and it moving again. >> all right. worst case scenario, how bad could it b >> yeah, the worst case scenario is thea finds a problem with the software fix, pushes back against boeing, says, "we're not ready to bring the planes back out again" and boeing has to halt the production line, has to furlough workers. their suppliers will not be able to continue to produce at the rate they're producing. it causes a supply chainffect affecting boeing and a lot of companies. >> let's talk reality. what do you think is most likely happen and what will be the impact on the company? >> yes, i think boeing was very careful not to announce a timeline for return of the plane until they felt i rwasdy. last week they said they felt it was goi to be early q4. this week they said early q4. they have been testing for qui sometime. before the end of 2009, m

the report i mean the 737 max was or still is boeing's best selling aircraft and it's been grounded since march so that's certainly not good for business it cost the company already billions of dollars and now they also have to make sure that they remain in their customer's good books which is why they've now made available those roughly $5000000000.00 worth of compensation that they will pay out to their customers so that they sort of hold onto it but we also must remember when it comes to the bottom line boeing does not just consist of the 77 max they also have other aircraft models for example the dreamliner and korean air has just decided to upgrade its fleet by buying 30. dreamliner was that deal is worth about $10000000000.00 so money is still coming in i still expect that they'll be a drop in quarterly profits next week but how big that drop is afraid will have to wait until next week yet we have to wait and see when the quarterly results come out next week as you said but how is boeing plan to pull out of this crisis because one must feel it is a crisis for the company who t

boeing is an incredible company they are. working very very hard right down. and totally they will very quickly come up with the answer but until they do the planes are grounded. these incidents prompted the u.s. department of justice to investigate the licensing and marketing certification of buying 737 max aircraft issued by the federal aviation administration meanwhile boeing has said it does not respond to or comment on questions concerning legal matters with internal litigation or governmental inquiries is it right to say that i didn't see like the federal aviation administration and the n.t.s.b. are frightened of companies like boeing. most definitely. they have to be the. the manufacturer the larger it is the larger the arms and the reach is hard to it i mean you just if you look at boy look at how far reaching their capabilities are to they have more government. solicitors in washington d.c. that help them get their products approved there jordi of their companies sells to the united states government. the inquiries into the 273 max i crashes will no d

boeing is an incredible company they are. working very very hard right down. and totally though very quickly come up with the answer but until they do the planes are grounded. these incidents prompted the u.s. department of justice to investigate the licensing and marketing certification of buying 737 max aircraft issued by the federal aviation administration meanwhile boeing has said it does not respond to or comment on questions concerning legal matters with internal litigation or governmental inquiries is it right to say that i didn't see like the federal aviation administration and the n.t.s.b. are frightened of companies like boeing. most definitely they have to be the. the manufacturer or the larger it is the larger the arms and the reaches are to it i mean he just if you look at boy look at how far reaching their capabilities are to they have more government. solicitors in washington d.c. that's what i'm good their products are approved they're jordi of their company's goals to the united states government. the inquiries into the 273 max i crashes will

we asked boeing for an interview, and they declined.y said: but, for the families, life is changed forever. their resolve now — finding the truth. simon browning, bbc news, in toronto. let's get some of the day's other news: british marines have seized an iranian oil tanker as it entered the mediterranean. the uk claims oil was being transported to syria, in breach of european union sanctions. commandos used helicopters and boats to take control of the ship around british—controlled gibraltar. no shots were fired. iran has accused the uk of piracy and summoned the british ambassador in tehran. southern california has been struck by its strongest earthquake in two decades, causing fires and some damage. the quake, magnitude 6.4, struck on the edge of death valley, and was felt from the mojave desert to the pacific coast. there are reports of significant damage in the city of ridgecrest. firefighters have been dealing with flames and providing medical assistance. the russian president has met the pope on a one—day visit to italy. their me

lyrica boeing is to spend almost $5000000000.00 compensating airlines that have been affected by the grounding of 737 x. the announcement comes a week before the company is you to reveal its quarterly results and the still no firm timetable to bring the planes back into service. it's the company's best selling plane and a model that's become synonymous with tragedy regulators granted the 737 marks in march after the deaths of 346 people in 2 crashes blamed on faulty software the move led to the cancellation of thousands of flights for which boeing is now counting the cost the company set aside $4900000000.00 to compensate airlines and their customers and has warned investors to expect profits to plunge as a result the announcement comes just days after the u.s. house of representatives held a hearing on aviation safety among those who testified was poor and who lost his wife and 3 children in the ethiopian airlines crash in march or in should not be allowed to act like an investment company extracting world to supercharge shareholder returns at the expense of safety and quality the l

boeing says it expects the model to be back in the air by the end of the year but the shadows of the ill fated 737 marks will be cast far longer than the. dozens of lawsuits are still pending and boeing's reputation for safety may have been tarnished forever. now for more on this story for my great pleasure to welcome my colleague monica jones from the business desk i'm veronica so this whole issue would bring some of the damage to its reputation but also it's hurting its bottom lines. these are not good times for boeing no doubt about that and it sounds very dramatic and as we just heard the report i mean the 77 max was or still is boeing's best selling aircraft and it's been grounded since march so that's certainly not good for business it cost the company already billions of dollars and now they also have to make sure that they remain in their customers good books which is why they've now made available those roughly $5000000000.00 worth of compensation that they will pay out to their customers so that they sort of hold on to it but we also must remember when it comes to the botto

many believe boeing's response to the crashes has been tone—deaf and so they see this as boeing tryingage. in this statement, the boeing ceo says he hopes that this money will give some comfort to the families who lost their loved ones in the crashes. the $100 million, the plan is, will be invested over a number of years. boeing will partner with local governments and also non—profit organisations to invest in things like economic development for communities, and also to pay living expenses and educational expenses for the families. now, already one law firm in chicago, which represents 23 family members who have sued boeing, came out with a statement kind of pouring cold water on this pledge, saying that it was disingenuous when there are still so many facts that are unknown about what happened. they said boeing should take that money instead and help families recover the remains of their loved ones and ensure that the 737 max is safe to fly. nada tawfik with the latest on that story. let's go to asia now, and a historical row that has flared up in recent days betweenjapan and south k

we asked boeing for an interview, and they declined. they said: but, for the families, life is changed forever. their resolve now — finding the truth. simon browning, bbc news, in toronto. southern california has been struck by its strongest earthquake in two decades, causing fires and some damage. the quake, magnitude 6.4, struck on the edge of death valley, and was felt from the mojave desert to the pacific coast. there are reports of significant damage in the city of ridgecrest, south—west of the epicentre. firefighters have been dealing with flames and providing medical assistance in and around the city. stephen and misty sykes both live in ridgecrest, california. good to talk to you. i'm glad we can talk to you. what was the first you knew of this? well, hi. i was in the shower at about 10am this morning, and my wife called in and said did you feel that? it felt like an earthquake. and i said no, ifelt nothing. and i asked her if it was maybe the cooling system coming on. she said, no, i'm pretty sure it was a quake. anyway, around

qatar said it would buy five boeing 777 freighters for about $1.8 billion. >>> boeing's delivers thoughd that is where we begin tonight's market focus. in first half of the year tco any's deliveries fell more than 30%. boeing also reported no newde of its 737 max aircraft as that plane still remains grounded after two deadly crashes. at the same time rival airs is set to pass boeing as the world's largest plane maker for the first i time seven years. still, boeing shares were up a fraction to 353.09. >>> sisco is buying acacia communications for $70 a share. sisco hopes the deal will help its networking business by adding optical technologies. acacia soared 35% to 64.91. >>> shares of dialysis companies davida and fresenius dropped after word that the white house is planning toll ove the kidney disease treatment market. it is reporteresident trump will announce initiatives to have more kidney treatments perf rmed at homeher than in clinics with the government's intention to c reducee costs. shares for the companies fell about 5in today's trade. after the bell levi strouse posted better

killed in a plane crash in ethiopia in march reject parts of a $100000000.00 proposal by plane maker boeing to compensate them also coming up. backing britain's new case because car maker jaguar land rover says it will invest millions in the u.k. to make a range of electric cars and mexico city is wondering what to do with something that could have eased its traffic problems that became something of a plane instead. i'm chris colfer and berlin good to have you with us and we start the program with grieving families trying to rip their heads around a big pile of cash u.s. plane maker boeing is setting up 100000000 dollar fund to compensate relatives of the victims who perished in the 2 recent crashes of its $737.00 max planes in indonesia and you see opium but many of the families feel patronized by the plan and some are already saying. ethiopia airlines flight 302 was one of the 2 fatal crashes a 157 passengers and crew on board were killed lawyers for some of the victims' family members say boeing's offer is tactical in light of recent lawsuits. to make the statement was meant to sui the m

the global grounding of a 737 max drags on it's causing us to make a boeing billions of dollars fall and there's no concrete timeline for the. passenger jets take up. increasing uncertainty over sudan's transition to democracy could lead to economic collapse. and it has brought businesses bolster security as traffic jams leave commuters facing a new crime wave. and painful that's their business 2 deadly crashes in indonesia and ethiopia a long list of lawsuits and the aircraft at the center of the controversy still hasn't been fully fixed boeing hopes to get regulatory approval to return the $737.00 max to the skies in the 4th quarter but the timeline is only a guesstimate and the plane makers announced billions more in extra costs surprisingly boeing stock took off as wall street opened investors obviously feared worse. it's the company's best selling plane and a model that's become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. the move led to the cancellation of thousands of flights. for which

boeing pushed back and the faa managers sided with boeing over the engineers in the faand then gave boeingthe ability to approve these cables. an engineer inside the faa filed a saabfety complaint this issue. but again, managers wereg deferr boeing and specifically cited boeing's timeline as one of the reasons. >> and talking about that timeline, boeing was rushing to get in plane approved because they wertifacing compe from airbus. >> that's right, boeing was in a competitiorwith ais to get a new plane out, boeing was behind, changing these cables would likely have meant delays and, so, again, faa managers specifically side that maing a change would be impractical this late in bog' timeline. >> could there be other problems, other issues that -- like th mcas that haven't surfaced yet because to have the relationship between boeing and the faa? >> i think everything is on thei table at tpoint. the investigations are still ongoing and i think it's really important to await the conclusions of these investigations, but what is clear is that lawmakers and federal investigators are now everyng

there was too coastally a relationship of boeing to the faa where to the point boeing was almost self-certifyingere is. if there is not a robust quality control program in place that is actually enforced, that is going to create all sorts of problems along the supply chain. including outsourcing of software overseas and at home. military itself reported that there were all sorts of quality control problems in manufacturing of their aircraft in the north carolina plant by boeing. this seems as more information comes out to be more and more of a problem. charles: this outsourcing thing considering where this country is, resentment towards big businesses offshoring jobs, highlighted by at trade fight in china, in one article, mark, a former software engineer, talking about important engineering jobs that were outsourced to india for $9 an hour. he said it was controversial because it was far less efficient than boeing engineers writing code themselves. would you be worried about something like that? that you would have new college engineers working on critical code? >> engineers in india we found a

definitely my daughter died for the profit of boeing andl daughter died for the profit of boeing andne else to die for that reason. i want these planes to be safe and invest in the company and the hardware and the infrastructure to make our aviation syste m infrastructure to make our aviation system safe. nadia and michael want to know why their daughter died, and theirfight has to know why their daughter died, and their fight has taken them to the top of the american government. they're now representing families from across north america. when it crashed there were passengers from more than 30 countries on board. the highest proportion of those were from kenya because the flight was bound to nairobi, but the second highest amount was from here in canada and families from toronto are starting to want answers as to why their loved ones were killed.|j starting to want answers as to why their loved ones were killed. i lost my wife, carol, my three children, ryan, kelly and ruby, and i also lost my mum. i feel so lonely. i look at people, i see them with their children playing outside an