, paid for boeing and someone else works for boeing and paid for boeing and this person is stove piped, and firewalled, they're not responsible to boeing, but to the regulator and apparently that's not so they're going a development engineer or the ar. so, i mean, what happened between 16 and 18? apparently not much. can you point to any significant steps taken to change the culture and relieve this undue pressure? >> congressman, i can and john will feel free to add in as well. first of all, this survey is a survey that we proactively do with our oda team. the goal here is to identify any sources of undue pressure. so in this case, the these are the survey results that we proactively sought and we gathered all of these results and we've shared them with the f.a.a. and we've taken follow-up actions associated with these inputs. >> but then-- that's good, but i'm asking for like really concrete examples when you have the leader of the 737 team two years later work force exhausted, schedule pressure, it doesn't sound like these things were effective. >> congressman, if i could, i'm attem

boeing did not see fit to give this committee that exchange nor did boeing give it to the faa or department of transportation but what i find most stunning is your testimony here today that you said you first learned of this exchange a couple of weeks ago. these are senior leaders at boeing in an exchange saying, and i will quote again, so i basically lied to the regulators i practiced law a lot of years you had your lawyers look over this document and they read a senior leader after the crashes occurred saying they lied to the regulators mr. mullenburg, how in the hell did nobody bring this to your attention in february when you produced this to department of justice? how did you just read this a couple weeks ago >> senator, again, to clarify my earlier comments, i was made aware of existence of this kind of document, this issue as part of that discovery process in the investigation, early in the year as you pointed out at that point i counted on counsel to handle that appropriately. >> did you read this exchange? look, i was made aware documents were being produced, that is passive voice

is boeing or the f.a.a.iewing the elements of the 7 that are based in the 1967 are produced. >> senator, if i could ask john to field that question. >> senator, as you know, there's a single tight certificate for the 737, but as the design has evolved with each new generation of airplanes, the safety standards on which the airplane is designed to have also evolved. yes, there are some amendments that a design might reference back afternoon earlier amendment level, but those are likely changes that have not changed in the family of airplanes isn't original design. an example might be some of the structural elements. however, we have stepped up to later amendment levels to demonstrate that it still needs the latest standards in compliance. >> thank you, senator fisher. senator blumeen that will. >> thank you, mr. chairman. thank you both our witnesses for being here today, and thank you, most importantly, to the relatives who have lost loved ones. if you could please stand so we could thank you all. thank you

is currently testing fixes boeing has proposed to the plane. it's not clear when the 737 max be back in the air. and what it would take for passengers to trust it again. the system of regulations and oversight could almost fill. if it weren't for what's at stake. and hundreds of other families would know that too well. who is he like as a mom. she's the best mom you ever see. of her kid very much. how are you. you know that's what scares me the most. when of course i know how she used to care for her child and. when i beat up father you know for him. was able to do both things like a mom and dad. it's not going to make any difference what i am and we are matters that nobody cares about. but this one is a no like bigger than me what we're talking about it's not about me it's about everybody. we might don't have any power again it's boring. f.a. or something but as a human being. you know you don't let things like this to happen in all the time get away with. it and here. didn't the u.s. treasury or just a few months ago say that no chinese in te

details of the max's safety analysis by boeing are still coming out. but some things have emerged in the aftermath of the crashes. boeing safety analysis didn't test for what could happen if in cash was triggered by a broken or faulty sensor. it's also not clear if the company considered the impact of the software triggering more than once. boeing declined an interview with us but in a statement said they're focused on quote working with global regulators on testing and implementing the software update. but at the end of the day in the system the supposed to ensure our safety in the air the final approval was in boeing. it was the federal aviation administration f.a.a. the government agency responsible for certification of airports we learned their fate never performed his own assessments of the system and in fact that had delegated much of its oversight to the boeing company. this was a complex point ok now you do a lot of different things with the software system that wasn't even mentioned in the pilot's manual how did the f.a.a. come to the conclusi

i know the people of boeing. you will know the people of boeing. these are 150,000 people that every day come to work because they have an important mission. they are honest key they are resolution -- they are honest. they are resolute. every employee at boeing -- that is how we think about the work that we do. we are going to continue to improve as a company. i am not saying we have done everything right. as i have noted, we have done some things wrong. this is a great company with a great legacy that has committed to excellence. where we will learn, we will. our culture is about safety. that is at the core of boeing. it has been that way for 100 years. >> i had to read three questions that senator rosen just asked pursuing that further. you have a 1967 certification that has had 14 variants since 1967. you have a significantly different plane based on the 14th variant with -- variant of the original plane. what difference do you think it would have made if the certification process would have gone back to the -- certifying a new plane? would that

manufactured by boeing. international aviation safety regulators began grounding the max the day after the ethiopian crash. on march 13th, federal aviation administration formally grounded the aircraft in the united states. the max's return to service is contingent on boeing's work with the faa to work on fixes to the mcast system. international regulators also need to be verified that it is safe to fly. as a certification process continues, many questions remain about boeing's actions. and the faa's actions during the design, development, and certification processes, as well as the operation of the max. today's hearing is divided into two panels. let me know for senators, that the committee will follow regular order in recognition of both panels. the five minute rule will be enforced strictly. denn dennis mullenberg will testify. he is joined by a witness who will provide technical expertise. robert somwalt and chris hart. chairman somwalt oversees the ntsb which recently released recommendations regarding

they think the faa is owned by boeing and didn't have the resources and boeing cut corners.hink that -- i'm taking my clue from doug parker, who said he would be happy to have his wife and kids fly with him on that plane, right now. you say he's self-interested i don't think he's self-interested in dying. >> do you believe gary kelly when he says they'll talk about diversifying their fleet >> i think you have to i think -- >> you don't think it is posturing to get a better price? >> look, doug parker says that more than -- they're owed more than 400 million i think everybody will submit a bill there are -- they owe a lot of people a lot of money. they're going to have to make good or, yeah, airbus, the one thing about airbus, they don't have enough planes either. >> right >> nobody is making enough planes. >> a long wait so with boeing at 340, does that feel like a cat situation where bad news comes and stock stops going down on it >> i think that -- i got the impression from speaking with four airline ceos that it is a first quarter, they'll be flying now, obviously, no gua

employee or a former boeing employee and another boeing employee about the 737 max certification process. we're still waiting to get those actual messages. that was just turned over. according to the head of the faa, they are concerned and he has sent a letter to boeing ceo dennis mullenberg about the fact that this was known about for several months and it's just now being turned over to investigators. so as i mentioned, we are getting the statement from boeing in fact, i think we do have it now. i'm not sure if we have it to put up it says over the past several months, boeing has been voluntarily cooperating with the house transportation and infrastructure committees investigation into the 737 max as part of that cooperation, today we brought to the committee's attention a document containing statements by a former boeing emplwe wl cont to with the committee as it continues its investigation and we will continue to follow the direction of the faa and other global regulators as we work to safely return the 737 max to service. >> phil, stay right there. we want to bring in david gellis r

of the boeing $737.00 next airliner the c.e.o. says his company deserves scrutiny also additional standing up to silicon valley growing in france increase their efforts to build rivals to u.s. tech giants and saudi arabia opens its doors to the globe's fast growing tourist train but is the country ready for it. i'm chris cuomo welcome to the program boeing c.e.o. done as model of berg admitted to a u.s. senate committee that his company got things wrong in the development of the 737. tuesdays hearing came exactly one year after the crash of a 737 max caused by a faulty flight systems for ram only weeks later a 2nd accident with the same type of aircraft likely caused by similar problems rose the 346 people killed watched mr berg of mit that the company has quote made mistakes on behalf of myself and the boeing company we are sorry deeply and truly sorry as a husband and father myself. i'm heartbroken by your loss. it was an emotional address delivered exactly a year after the crash of a 737 mosques in indonesia that killed everyon

is currently testing fixes boeing has proposed to the plane. it's not clear when the 737 max would be back in the air. and what it would take for passengers to trust it again. the system of regulations and oversight could almost fill. if it weren't for what's at stake. and hundreds of other families know that too well. who is she like as a mom. she's the best mom you ever see. of her kid what. how are you. you know that's what scares me the most. when of course i know how she used to care for her child and. well i mean of father you know for him. was able to do both things like a mom and dad. it's not going to make any difference whether a man we are mad or sad nobody cares about that. but this one is in no like bigger than me what we're talking about it's not about me it's about everybody . we might not have any power you know i get this boy. f.a. or something but as a human being. you know you don't need things like this to happen in all the time get away with. it and here. to strengthen the good you have to shoulder court all the more with t

in fact, back when i was inspector general we did a review of the boeing certification of the boeing 777. it's now a 25-year-old plane. we found that boeing had 95-98% self-certification. congress endorsed it to turn over to boeing and other manufacturers and certain processes of airlines the ability to self-certify, to inspect itself, to certify that it has met the parameters of the faa, that it has met the requirements and certify to the faa that it should have its certification, it's done its work. congress approved that. that's how the 737 max 8 was approved. >> you serve as a lawyer in this process. could you describe your role? >> i'm an aviation attorney. since i left government, i went back to practicing law. i represent several family who is lost loved ones on ethiopian airlines flight 302. >> did the questioners do it right? >> the questioners -- it was pretty much a consensus in the room. the senators did a good job, bipartisan good job. both sides pressed them on it and people were very dissatisfied with the answers. some people wrote it off to he wasn't seemingly prepare

he won't tell boeing. if boeing turned this over after the first crash, the indonesia crash and before the ooethiopia crash, do you think the goth would knowingly hold back information with the public safety at risk if there wasn't a criminal investigation that they were not telling the faa and the department of justice about something which they thought was a clear and present danger we have 346 deaths on our hands here this is a horrible situation that's a question you have to ask. what's going on with this test pilot? why does he not answer any questions? >> jeff, thank you we got do leave it there boeing shares are down more than 5% they are at session lows a 5% drop for boeing shares. there's the biggest chunk. we'll continue the keep you updated as we follow the story >>> still ahead, bill gross resurfacing from retirement. say good-bye to double digit market gains and he'll join us next in a power lunch exclosixl- exclusive. power lunch will be right back obvious. sometimes, they just drop in. cme g

i'm chris cuomo welcome to the program boeing c.e.o. devils' muller then a small and berger admitted to you u.s. senate committee that his company got things wrong in the development of the 737 max airliner today's hearing came exactly one year after the crash of a 737 next caused by a faulty flight assistance program only weeks later a 2nd accident with the same type of aircraft likely caused by similar problems relatives of the 346 people killed watched mr berg admits that the company has made mistakes on behalf of myself and the boeing company we are sorry deeply and truly sorry as a husband and father myself. i'm heartbroken by your loss it was an emotional address delivered exactly a year after the crash of a 737 mox in indonesia that killed everyone on board in march of this year tragedy struck again when the same model came down in ethiopia. since then 737 mach have been grounded the classes are thought to have been caused by a software fault us lawmakers accuse boeing of knowing it systems were subpar and of failing to train pil

is currently testing fixes boeing has proposed to the plane. it's not clear when the 737 max be back in the air. and what it would take for passengers to trust it again. the system of regulations and oversight could almost fill. if it weren't for what's at stake. and hundreds of other families would know that too well. who is he like as a mom. she is the best mom you ever see. of her kid we're about. how are you. you know that's what scares me the most. when of course i know how she used to care for her child and. will i be tough father you know for him. was able to do both things like a mom and. it's not going to make any difference where there are men we are mad or sad nobody cares about. but this one is in a lot like bigger than me what we're talking about it's not about me it's about everybody. we might don't have any power you know again it's boring. f.a.a. or something but as a human being. you know you don't need things like this to happen in all the get away. and here. strangers from across new york with a claim in common abuse at the h

boeing was about safety.uld never put anyone in an unsafe plane we see the documents coming now to capitol hill from the f.a. chl a. dennis muilenburg will be there in a couple of woks. the story is developing, tyler. >> it certainly is one topic is whether mr. muilenburg is long for in job. what do you think, phil? >> too hard to predict i mean they have split the job of chairman and ceo. he remains ceo. >> very recently. >> and david calhoun, did this last week. david calhoun lead director at boeing he is non-executive chairman but i think -- he even said in a statement he expects to be active and the brody has taken on a more active role, especially as the company is trying to assure regulators and the folks in washington that safety is a priority so there is no way for me to prognosticate the future of dennis muilenburg at boeing. but clearly the documents and the exchange between the f.a. chl a and boeing -- by the way dennis muilenburg and the f.a. chl a administrator it did talk this afternoon there is

boeing is doing an internal investigation. we have so many different investigations going on one thing we've got to make sure we do is focus on facts one thing i have seen in this body and the four and a half years i have been here is not responding emotionally but to fax if are going to do something it may make us feel good but it does not actually respond to the facts. so as we move forward i'm sure i have left out investigations that moving forward we have got to make sure we are acting on the facts every single outcome and probably have identified have got to make sure we are truly basing our solution on the facts so this doesn't happen again. lastly, mister chairman your families shared a number of concerns that i think are right on. and i do want to ask that boeing get back to us on these things like bully disclosed the disposing the fix before the plane was allowed to fly if it is allowed to fly again to death find the role of the mcat syste system. to make you could submit those for the record are asked during the ques

airbus and boeing. and that's it. so whether i've got to wait another six months or not doesn't matter whether they've got to pay a billion fines versus $500 million, it really doesn't matter at the end of the day so from a long-term standpoint, this is when you have to get involved in the stock. now, there's no excuse for that information, if it's true, that's disastrous, it means a new ceo. he's already been relieved of his dual duties. >> he's no longer chairman >> the question is why it was withheld, which weap don't know the answer >> and it's down not because of that, necessarily. that may be half the action, but it's, what else is there it's always the next shoe to drop i bought it. i don't have a full position so i can buy more i'm disappointed if i have the opportunity to but that's what's driving the market down and j&a news >> and american express. >> we're going to talk about this more over the next two hours. in the meantime, let's get to some of the big stories we are watching today phil lebeau has the d

impact of boeing once again. look at shares of boeing that stock was down by 9% last week big chunk of the losses coming on friday. right now, it is down another 2.5% and that is putting a drag of 65 points on the dow. so boeing wasn't there, being down by this, you would look at the dow up by over 120 points. that does it for us today. join us tomorrow right now time for "squawk on the street." ♪ >>> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber buckle up for a busy earnings week a quarter of the s&p reporting in the coming days what a week weend in the uk. the ten year 178 is about a one month high road map begins with new pressures for boeing, downgrades at credit suisse and ubs renewed congressional scrutiny, shares tumbling 10% on the past week. >> opioids on trial in ohio for drug companies reaching a last minute settlement ahead of a landmark first federal opioid case. >> and mark zuckerberg speaking out, why the facebook ceo tells nbc news it

the catastrophic story of boeing's best selling aircraft the boeing $737.00 max is weighing on the company's performance profits fell 50 percent to $1200000000.00 in the last quarter the news comes just as investigators in indonesia told relatives of the 189 victims of the 1st 737 next crash that it was caused by design flaws in the boeing jets at a stall software. families of the victims of the lion air disaster traveled to jakarta they were among the 1st to be told why the boeing 737 months went down last october killing all $189.00 people on board. indonesian investigators told them that the aircraft type included design flaws in its m cas anti stall system and that incorrect sensor data of course the system to fly the aircraft into the ground details the victims' relatives struggle to grasp. the result is out. but what happened has happened we just accept but whether i'm satisfied with the report no i'm not satisfied. because it feels like there bullying common people like us. you don't understand. the complete report on the crash will be published on thursday it's expected to reveal a f

in this very building boeing came in on november 27th and we question. the one asking the question how could you have designed a single point of failure and they quickly came back with us not the back of his you. and how responsive but we don't even know the system existed how can we be the backup for something that we don't even know exists. after the crash in indonesia but when the f.a.a. issued a directive to 737 pilots around the world to use a known emergency checklist if in cas kicked in when it shouldn't. according to investigators the ethiopian airlines pilots followed that but it still didn't save them. the forces were too bright they were too on balance in the train system that they could then get out of that seat and in my view the emerging to check at least it wasn't enough it should have mentioned things that call it the if you'll be in crew out later. it's not just the ethiopian airline pilots though since the crash other pilots have replicated the conditions of the ethiopian flight in simulators like this. and some haven't been able to rec

a boeing bombshell. the aerospace giant getting slammed at this hour by both the federal aviation administration and investors, after a stunning revelation. instant messages between two employees indicate that the company appears to have misled its top regulator about key components of the very safety system blamed for two deadly crashes that killed 346 people and grounded the entire fleet. the faa demanding an explanation at this hour. and the revelations are, as charles said, taking the wind out of the market sails as well. before the news broke, wall street was cruising toward a second straight weekly gain. that is now in jeopardy depending how the final hour plays out. the dow down 179, the s&p lower by 5, the nasdaq losing 50. >>> plus, the key to life after apple goes right to walmart's door. we've got the former apple exec who is giving walmart direct access to your refrigerator and to walmart's new in-home grocery delivery service. the level home cofounder is here in a fox business exclusive with

in this very building boeing came in on november 27th and we question. i have been the one asking the question how could you have designed a single point of failure and it quickly came back with us not the back of his you . and how responsive but we don't even know the system existed how can we be the backup for something that we don't even know exists. after the crash in indonesia but when the f.a.a. issued a directive to 737 pilots around the world to use a known emergency checklist if in cas kicked in when it shouldn't. according to investigators the ethiopian airlines pilots followed that but it still didn't save them. the forces were too great they were too on balance in the train system that they could then get out of that seat and in my view be a model to check at least it wasn't enough it should have mention things that call it the if you'll be in crew out later. it's not just the ethiopian airline pilots though since the crash other pilots have replicated the conditions of the ethiopian flight and simulators like. and some haven't been able to r

boeing, as well. there is some potentially damaging news for that stock that's breaking. phil lebeau is going to join us for a news alert. what do we know? tell us what's going on as we watch shares of boeing here. >> this is the kind of story that ahead of dennis mullenburg testifying on capitol hill later this month, this is the kind of story that people will say what's going on here. according to reuters citing an faa letter that we are in the process of trying to get our hands on apparently the faa administrator is demanding an explanation from boeing regarding a delay in recently disclosed 737 max documents. among the documents according to this reuters report is some text messages or instant messages between employees that were discovered some months ago that were just now being delivered to the faa and investigators. in those messages from some months ago, it is suggestion of 2016 that there was a suggestion employees were discussing issues with the mcass flight correction system in t

boeing until now has continued to say that it doesn't think that they'll need more simulator time boeingas turned out to be overly optimistic about other things if that changes and turns out you do need simulator time and if it turns out that each 737 max basically comes with who knows millions of dollars perhaps of additional pilot training expenses over the life of the aircraft, then that puts downward pressure on pricing for this aircraft for the long-term, the thousands of yuns boeing has sold and hopes to continue selling. right now it's a volume questions. airbus is taking orders for the competing product. if it's a question for the long term, not just the volume, also of yield, then that's a long-term issue for boeing >> okay. ron, seth, thank you guys. appreciate it. >> thank you. >> it's a story that we will continue to have a lot more on throughout the program. >>> coming up, a number of firms initiated coverage of peleton. made its debut public last month. wasn't the greatest debut. said the stock could go 30% higher, 33 as we head to break, here is a quick check in what's hap

what do you think happens to boeing stock? >> i think itay be under pressure through this process and it could be under pressure into the end of the year as people who have losses sell it tond book '18. i'm sorry, 2019 bounces back in 2020nd i think that they should get close to getting the this affects very large consistency of stakeholders that include boeinin employees, boeig shareholders, boeing customers, the customers andhaholders of the airlines and the suppliers. this has been very damaging to the airline industry a to the consumer because it has caused a big increase in cost of flights. >> what do yoo expect happen to management or what do you think as you analyze this company should happen to e current management? >> overall you want to buyood companies when they're having a hard time or a bad time. that's why i thi there's a buying opportunity here. as phil lebeau said, thery indus so capacity constrained they need the planes. this has taken very long and i ink a lot of what's going on now is a lot o i people at boe

works for you. ♪ >>> mcdonald's, microsoft, caterpill caterpillar, boeing, amazon.etter brace for a big week as earnings season kicking into high gear. >>> damage control at boeing why some pilots say they've been worried for a long time about the 737 max. >>> plus, just what companies are going to win the streaming tv battle? barron is making its picks and one of them is very close to home it's monday, october 21st, and the second half of "worldwide exchange" begins right now >>> good morning, and welcome back it's 5:27 here on the east coast i'm brian sullivan nice to have you with us on this monday morning all right, which of you, all of you out there, is ready for a big week for earnings? because it's just hundreds of the biggest companies in the world set to show off their numbers. maybe, just maybe, this is the thing that we need to look past things like the trade fight and brexit as the main driver for stocks at least right now ahead of all those names, too many to name, futures are mildly higher, up 47 points right now the dow fractionally lower last week fr

$737.00 max but for the regular boeing $737.00 airliners the wings are starting to crack now boeing has reported this to the f.a.a. or the federal aviation administration and they are on to expect inspecting all other planes boeing says the cracks were found in the pickle forks which connect the plane's body to the wings of these pickle forks they're designed to last for more than 90000 landings and takeoffs well in a statement boeing says no in-service issues have been reported over the coming days we will work closely with our customers to implement a recommended inspection plan for certain airplanes in the fleet this issue does not affect any 737 max airplanes a boeing says the issues were only found in a few planes and that there was no indication it would cause. any flight issues for passengers now onto the other issue for boeing will investigators found that a key feature called the m c a s or m cas well it was installed in the regular boeing 737 and their military tankers but not the boeing $737.00 max now what the m. cas does it prevents the natural tendency for a plane to p

also provides subsidies to boeing.t too c has lodged a lplaint with the wto which says it hopes to rule on that early next year. .eu also said it's prepared to slap its own retaliatory tarif and american goods. for "nightly business report," rahel solomon. >> kmarlschwab announced this week it's allowing its customers to buy and sell o fractions shares a strategy designed to attract younger investors more a familiar with stocks like apple orr amazon or chipotle th high prices. joining us tooal t about what this means for individualor inven and for the brokerage industry andrews jones is the ceo of the planninin fir asset wealth. thanks for joining us tonight. >> great to be here thank yoot >> you're fan of this for individual investors. why? >> sonk it's an interesting innovation for annt invest product. it's kind of cool for people to be able to own a share or par a hare of a company like berkshire hathaway, largely inaccessible to most americans. but by and large, the vast majority of consumers really need a diversif

they say boeing has never contacted their families. this was their message.r for this do not happen again, we need to hit them where it hurts and i think it should be jail time but at the very least, economic. wednesday, dennis muilenburg faces another grilling from congress. boeing is hoping through these hearings the company can regain the public‘s trust. lawmakers and family members will be looking for a better explanation of what went wrong. india's prime minister says saudi arabia will invest in the country's oil and gas project in a strategic partnership. the comments come after 2— day visit to riyadh. what is narendra modi doing in the capital? is there for the annual financial summit which is dubbed davos in the desert. saudi aramco and the uae company will hold a joint steak aramco and the uae company will hold ajoint steak in aramco and the uae company will hold a joint steak in the mega refinery being built on the west coast of india which could refine 1.2 million barrels per day and given that india imports around about 80% of its oil, with 18% of

boeing is losing altitude in its economic performance as a direct consequence of the 737 max crisis the plane maker posts troubling quarterly profits as investigators in indonesia design flaws in the boeing jet for the deadly crash. also on the program internet giant google claims supremacy in quantum computing but when can we don't load it onto smartphones. and pollution is getting everyone worked up and as people they're asking is this the price of progress. it's time for business and how you got to get us welcome to the program the catastrophic story of boeing's best selling aircraft the boeing 737 max is weighing on the company's performance profits fell 50 percent to $1200000000.00 in the last quarter the news comes just as investigators in indonesia told relatives of the $189.00 victims of the 1st 737 next crash that it was caused by design flaws in the boeing jets and to stall software. families of the victims of the lion air disaster travel to jakarta they were among the 1st to be told why the boeing 737 max went down last october killing all 189 people on board. indonesian inve

boeing is losing altitude and its economic performance as a direct consequence of this $737.00 max the plane maker posts troubling quarterly profits as investigators in indonesia claim design flaws in the boeing jet for the deadly lion air crash. also on the program cheerless president promises wide ranging economic reforms to tackle inequality but the ongoing protests on the streets are not ending anytime soon. and you better love chocolate a lot if you want to buy one of these and indian company has just launched the world's most expensive chocolate. it's time for business on the w. i am how you got gas it's good to have you with us the catastrophic story of boeing's best selling aircraft the boeing 737 max is weighing on the company's performance profits took a nosedive a 50 percent to $1200000000.00 in the last quarter as announced today and the news comes at a time when investigators in indonesia told relatives of the $186.00 victims of the 1st 737 max crash that the incident of the lion air flight just over a year ago was caused by design flaws in the boeing jet. families of the

what did boeing know, what did they hold onto? was profit a driving motive that contributed se accidents? laura: are you also concerned that maybe boeing is bit too close to the federal aviation authority, and that thn e was approved to fly before it was really tested? rep. brown: so there is a lot of conc congress that the current certification process that was developed by the faa perhaps 10 years ago gets too much independence to industry. it is important that youe.trike bala there's a lot of expertise in industry that does not reside in government. are responsible for thelators questioning, for requiringor information to ensure that what we are doing is safe and reliable for the public. i don't know at thwhend of the da the result will be, but that is a line of inquiry about the certification process, and i see some changes fminge going to from ngress. laur what needs to happen before the boeing 73x can fly again in the united states? rep. brown: a few theed to happen. number one, we need technical experts to say all of the pr

in this very building boeing came in on november 27th and we question. the one asking the question how could you have designed a single point of failure and they quickly came back with us not the back of his you. and how responsive but we don't even know the system existed how can we be the backup for something that we don't even know exists. after the crash in indonesia but when the f.a.a. issued a directive to $737.00 pilots around the world to use a known.

in every. 32 kenyans the boeing 737 max which crashed soon after takeoff from addis ababa boeing admitted a faulty sensor contributed to the disaster the entire 737 max fleet has been grounded since the accident which followed another in indonesia a year ago boeing is paying compensation to the families of all the victims. that paid in this neighborhood and by every. community neighbors watched. and doted on how the grandchildren on holiday. family says for now just glad they can finally bury their loved ones. the impact was so. moving the budget cuts record when you rant. in the book since i'm afraid. of feeling. here. so. you just feel the she is the right person whom you have been bringing the drum did before. she'll be remembered for many things some say she brought out the best in children she taught she was also a loving mother and grandmother to those who died with katherine sawyer al-jazeera kenya. now a ballet dancer celebrated as one of the greatest of the century has died aged $98.00. long as our from cuba achieved global acclaim in the 1940 s. and went on to run her country's

>> that remains to be seen boeing and the faa have said, you know, there is no clear time line and boeing has said it's really in the hands of regulators now we know that the faa and boeing have informally sort of been targeting early november, early fourth quarter which we're now in for the ungrounding order to the issue but the faa is concerned about geopolitics and working with other regulators and the max in unison. so passengers and airlines can have confidence in the would, that boeing and faa have been working on to fix the system the faa and the like the european regulators to come along about them and it remains to be seen when the faa's european counterparts are going to agree the viewpoint and the technical aspects and training and other matters that come along with it it could be a matter of weeks or months, but really it has yet to be seen if if they're going to change the position and come onboard with the faa. >> yeah, no the to mention like you said it could set an industry wide precedent for foreign authorities second guessing determinations by the faa. so much more ramif

>> a big day tomorrow for boeing where do you stand on boeing >> they haven't proven boeing is a at fault> they have not proved that boeing is at fault >> that's right. have people proved that boeing is at fault with these deaths? >> do you think that the design contributed to the crashes >> i think you have a case where there's a software fix that people are concerned whether it should have come in time or not. maybe it should have, maybe it hasn't and it's obviously a horrible tragedy. i'm just saying if boeing was totally culpable, i think we'd be assessing this in a different way right now. has the credibility of one company, which at one point was as bulletproof of an american company could possibly be, certainly has been if you look at where the company traded as a premium to the multiple, i don't think you expect that in the short to near term you've actually had them downgrade their 787 outlook next year they have not told you where the 737 is going to get turned on because they don't know and the company is at 340. that to me is a pretty good sign i think you have a case where bo

boeing stocks, the mark would've been up a lot more today if not for boeing is the drug. >> criminal misconduct. whenever you see the sewers together, they're in for the long haul. this it's not going to be a short-lived lawsuit. even if they settle, and is likely to go on and on and on. right christine. christine: but monday investors in an analyst, long-term is that boeing is going to come up positive. thus flames, are going to get out there and and you have the executives, the see that they are going to get on the place the moment they hit the air. we all feel better now that the executives have said they were going to fly now. >> but we haven't seen them do that yet and that's a bold claim. christine: to have percent up for the socks. when is the opportunity to get in. it's not nice thing to see given all of the tragedies every thing but how monday loaves do we have to hit before we have to see it is a buying opportunity. >> uncertainty on wall street it's not a i'm going thing in the mean or sell there are a lot of politicians now being quoted on boeing. they are in the crosshai

to approve the regulations and the training for the boeing 737 max a boeing says that they hope to return the airliner to the skies back at the end of 2019 at reagan national airport for watching the hawks i'm fair in front that. i'm not going on long denied are you don't trust boeing remember you're not getting on a 700 of them in my summer going there was a little really gets read there is one of the biggest aviation giants in the world right making these plays and what really bothers me is the fact that they live one now but 2 things cracks to look at those pitch dives system and these 2 things and now there's kind of oh now we discover this but ok it's ok it's a. i finally got it we got it right so this cracked thing was interesting so it's a support it's called up pickle fork not a snack it's what it is attaches the wings to the fuselage so the body of the plane you have the thing and that's the thing that's cracking you know just the thing that holds the wing on the plane. right so this one part this pickle fork was meant to last the entire life of the plane and now they're starting

i'm hearing at boeing post today. that stock is down 4% following yesterday's 7% slide 6% gains for the s&p 500 with 59 minutes left to trade. >> i'm courtney reagan in for sara eisen let's look at what's driving the close today. brexit opposition. we've got trade optimism china's vice premier claiming substantial progress and president trump saying they're on target. and treasury yields are moving higher today with spreads widening joining us for the hour today is barbara duran from bd-8 capital markets. thank you for joining us today we've got a lot of forces at play again another kind of side waist market, but some risk appetite if you look at what's moving higher today >> i agree with that i think that the action has been very constructive. and i think what's going on is you've seen the earnings expectations come down you had just a little sample last week, but majority of companies beat earnings and the most important thing, i think, was jpmorgan and american express talking about the strength of the consumer in

breaking news now on what has been\for boeing. -- the backlash for boeing. this is the biggest one-day slide since february 2016. it felt -- 2016 those shares fell. the pilot to expressed worries about its safety was back in 2016 in private messages. still a concern is ongoing. let's go back to the senior global equities strategist at wells fargo. how much are we going to be individual company story and earnings stories going forward to break us out of a trading range? all about boeing and j&j but is that not the rule? cameron: those can explain a lot on a day-to-day basis but in aggregate you get some outperform and some disappoint. you see a trend of greater than average disappointment to get us to roll over. if you look at the absolute level of earnings in the s&p 500, it has not gone anywhere. since after the tax cut. the longer that versus, surely -- that persists, surely the greater the risk you start going lower in a more meaningful fashion in earnings and you would think the market would follow suit. 500 is: you say the s&p trading fair value at this

at the same time, boeing had set up a company to sell safety.were selling the second sensor on the aircraft. that is what is written in the seattle times. you know, these are things that obviously money became more important than safety. that can't happen in aviation. liz: i'm going to get yelled at because we're run aring out of time. -- we're rung -- we're running out of time. i do have to ask you, boeing tried to blame the pilots. what do you think of that now? >> i think it was shameful. at the same time they didn't give the faa the information at the time myself and others were calling for the grounding of the aircraft to put the aircraft on the ground and only in the last couple of weeks that the information that's referred to in the hearing come out. so we don't know what else may be there or what else may be as part of the criminal investigation. liz: former ntsb chair james hall, thank you very much. >> thank you. liz: boeing stock up 2 1/3%. the dow, though, down 27 points. james hall, we thank you. we are coming right back. don't go a

how come no one at boeing has been fired. the key question, did boeing make mistakes? tragedy, what exactly did boeing know? todid regu know enough and the whole system of how planes are certified need to be changed? >> these are some of theed messages uncov do you expect there to be more? >> another 10 pages ofmails involving the same pilot, that sheds a lile mor light. i think between th the eye -- fbi and aig, or will come out in terms of what boeing new internally -- knew internally. ing here. for ♪ >> o formero governor john kasich served in public office or over three decades, but in his new book, he calls on the american people to pay less attention to the president and the dramas in washington. instea he urges individual americans to vocus on the ility each one has to move their community and the country forward. welcome back. i want to ask you about the book, but first the news of the day. view that president trump should be impeachedof by the hous representatives. why? >> i thought there should have -- impeachment inquiry impeachment inquiry from the very beg