this was a pattern at boeing. in 2013, they minimize the and cast to faa saying it's an extension of the existing speed trim system. everything i'm saying has already been found in reports. it's those reports linked in my testimony. in 2016, they drastically straits in the and cast and fill there's a critical system, safety critical systems. we now know that the chief boeing test pilot bragged about jedi mind trick-ing the faa in accepting the pilot training. in 2017, another boeing employee said the airplane is designed by clowns who in turn were supervised by monkeys. in 2018, yet another employee wrote, " i still haven't forgiven my god for what i covered up last year ". boeing engineers have told us, the families, that the faa industry has allowed undoing influence on safety engineers. the prior system resisted onto influence because faa appointed, they removed and supervised boeing engineers involving certification duties. now faa allows boeing to self certified, boeing engineers are cut off from faa technica

last october i asked then boeing president and ceo about that fragmentation and he responded that boeingneededab to make changes to improve the communications. do you agree the communication between going and faa that was fragmented to the point that relevant information cannot provide to the agency. and if so, how will steps that you have outlined such as a wsafety management system and just culture, include. stephen dickson: for the question . a couple of points >>there. i agree and i think our reviews and the other reviews have shown that information was presented in a fragmented manner. and i was difficult to follow the entiree thread. this is part of one of the major issues that we are dealing with. within the agency, we have recently taken steps to have our pilots and ourly flight standars wrote involved earlier in the certification process throughout. farmer effort to make sure human factor considerations are taken into account. an integrated into theer design process. safety standards are probably the biggest game changer in my experience in terms of turning a culture around maki

boeing soaring sky high. this monster move could be telling the real story about where the market is headed that in moments. plus zooming higher. big news out of china, shares from tesla sent into over drive. and general mills, pitching the next best idea, why they say this gaming stock is a total home run we start off with a record run on the nasdaq with a new all-time high since february and do you on the best winning streak since september this coming as states reopen if some form from the coronavirus shut downs and as cases are starting to rise, so does the market's resilience. in spite of this proof the rally has staying power. guy. >> it's remarkable, isn't it again, a lot of people say this is pretty obvious, was easy. clearly wasn't easy for me, number one i'm not going to all of a sudden change course. i respect the price, have to absolutely respect it. one thing i'll point out is this, in march there were couple days we saw what i deemed back then indiscriminate selling that was a good sign to lead

compensation how much more can boeing take. also coming up who's to blame for the downfall of wild card regulators are searching for answers as the investigation into in the solvent payment platform intensifies. and growing vegetables on a rooftop in paris europe's biggest urban farm gives 3 sions access to locally produced fruit and rich. but come to a business i want to get johnson berlin good to have you with us now these are trying times for the aviation sector on both sides of the atlantic today abas announced it will cut some 15000 jobs citing the coronavirus pandemic for the move its main rival boeing so it shares tumble after the region air shuttle cancelled orders of 97 aircraft the carious said it terminated the purchase agreements 45787 dreamliner and 92737 max planes the legion also wants compensation for losses east says it encourage after the global grounding of 77 x. jets and engine issues with the dreamliner. for more let's bring in our wall street correspondents caught in new york looks like just another blow f

time now for a quick break but stay here because when we return boeing driving up the dow is up after the 1st 737 max certification flight took off natasha sweet will join us this morning as we go to break here's a number that's above. oz no t.v. no crowd. no shots. actually helps. let me stress no one. points your thirst for action. i'm chris hedges the corporate coup d'etat has destroyed our democratic institutions the commercial media is burlesque part of the reality show presidents expose the trivia lives seen on contact question more. seen the horrors the lies the money and even combine. it with criminals who trashed countless lives to add just one more dollar to their millions. they threaten they bribe they'll do anything to keep their crimes in the door but the people they've heard are demanding justice their stories need to be told on america's lawyer. dear you are thank you for finally changing the channel understand you're tired of networks that are new with views ready. as they are. no matter what part of the. you know me 'd i'm famous for my views. and the me. yours truly

it's not a boeing test pilot a boeing test pilot is in the co-pilot seat. they essential draw up plans where we're going to test this plane to make sure the upgraded software for the flight controls can handle a number of different scenarios. again, what we are total is boeing is targeting don't a recertification flight or flights be the end of the month. >> nobody knows this industry better than you. when you look at the stock gains in boeing, up 50% in the past month, or american up 60 in the past month, delta up 34, united up 55 or southwest up 31, what do you think keep in mind that boeing has a backlog. its backlog is 4,744 planes. this is a company that's not going away it has secured enough financing so it can ride out the storm. i understand the investors looking at shares of boeing and saying eventually the business will come back and let's move it higher whether it's move as much as it has the past three weeks, that's a different question more people are flying, and today we got upgraded guidance from american saying the daily cash burn will be lo

take a look at boeing. that one is driving the dow higher it's been an unstoppable run for this stock up more than 160% from its lows in late march. one analyst think it's got even more fuel in the tank. he will joins as power lunch starts right now >>> the dow is higher for the sixth day in the row that's pacing for the longest winning streak since september let's get to bob for more on the markets. >> we are sitting at session highs. a little pop about an hour ago that was declared we had entered a recession in february. let me show you because once again it's the reopening story that's moving the tstocks laggig two weeks ago had been leadership groups. tech is under performing it's very interesting how it's underperforming. it's not like they are selling them the volume is light in this sector it's not a lot of buying interest the same with megacaps you know about the megacap leadership apple is at a new high this is another interesting group. visa and mastercard have been monsters they have showing some

chief was in the hot seat with lawmakers accusing him of stonewalling the probe into a boeing 737 max jets we've got the details for you. n.b.c. news coming under fire for reportedly colluding with a british watchdog group to smear 2 media outlets our panel of guests will weigh in on that all right it's time to. write. to days after the 1st deadly clashes in decades between china and india both countries now calling for a peaceful resolution but the violence also comes at a time when the u.s. has strengthened that relationship with india and has seen increased tensions with china rachel bludgeons is joining us live from the newsroom with the latest developments there rachel well manella secretary of state my pompei was to meet with one of china's top officials today increased tensions between washington and beijing trade disputes to involvement in hong kong to the coronavirus the meeting is expected to cover a range of topics but could now include the latest dispute between china and india and india has confirmed that at least 20 of its soldiers were killed following border clashes wi

officials in an investigation to see if boeing and the f.a.a. had a cozy relationship and overlooked problems with at $737.00 maxwell today the federal aviation administration chief testified before the senate commerce committee our future prospects joins me now with more on this affair and what did he admit to the f a a and boeing did they have a little bit too close a relationship so sir i mean to say that chief steve dixon was grilled by senators today is a total and complete understatement you had tons exchanges between all the senators and dixon but the short answer is he did not admit to the the f.a.a. and boeing being too close unfortunately the senate's investigation in fact the f.a.a. has been stonewalling lawmakers actually by either taking forever to turn over documents that they've been asked to give congress or just not even turning them over at all which was the committee's actually biggest frustration today listen here do you make every document every document. it's an easy question is it would you make every document. for the pub

are you a boeing buyer or believer >> we've held boeing a number of years. we've been holding onto it before the pandemic, boeing was really a 737 max issue the rest of the programs were on schedule and delivering airplanes. before this became a global crisis, this was about the max so if just the 737 max went away, this would be about boeing that wasn't just based on boeing but spirit air systems and others who make the planes wither going to go out of business going past that now, boeing has to find their equilibrium >>> investor attention turning to the federal reserve kicking off the two-day policy meeting the question on everybody's minds is will last friday's job number where we had 2.5 million job gain surprising everybody, provoke the bank to take its foot off the accelerator going to the cnbc contributor, sara bloom raskin. do you think jay powell and company will do anything to take their foot off that accelerator, if you will? >> good morning, brian and, no i don't think one set of data is going to change course we are still in the risk of bad num

officials in an investigation to see if boeing and the f.a.a. had too cozy of a relationship and might have overlooked some problems with the 737 max now. today the f.a.a. chief testified before the senate commerce committee that has been following the story she's joining us in studio now so erin was there any bombshell admission about you know a buddy buddy relationship well someone elect to say the chief steve dixon was grilled by senators today is a total understatement because there were some tense exchanges from each and every senator on this committee but the short answer is dixon did not admit that the f.a.a. and boeing were too close unfortunately in the senate investigation on this fact though the f.a.a. has been stonewalling lawmakers by either taking forever to turn over documents if they've been requested to give or just not even turning them over at all which was the committee's biggest frustration listen here you make every document be able to every document. it's an easy question is it would you make every document. be able for th

and other international regulators became involved boeing has improved several other features. they've also agreed to relocate electrical wiring in the cabin to avoid short circuits and if everything goes as planned and faster as they may shift their focus to pilot training and certification by non-u.s. authorities then they can determine just how to reintroduce their airlines amid this global pandemic and now you know officials say that they're aiming to have these planes returned to service by the end of the year but the max may have many more tasks and a lot more to prove before that liners can fly passengers once again reporting that l.a.x. and processed sweets are to. well that's it for this time you can catch boom bust on the man on the brand new portable t.v. up available on smartphones to google play on the apple app store by searching portable t.v. or stream us on your t.v. by downloading the portable t.v. on apple t.v. and online at portable dot tv able the next time. no t.v. no crowd. no shots. back she felt. lonely stretch of the 1st to. switch your thirst for actio

dump it and he dumped those so i think that's a big concern some really not looking to invest in boeing any time soon it would make the cut of biological investor stocks if it gets slammed down again and gives this little bit more of a margin of safety maybe so well and that's possibly what what we're seeing and looking at todd let's take this overseas let's look abroad hop across the atlantic ocean and check in on some european stocks the end x.'s is pushing higher it's still struggling as a coronavirus does continue to tear across the u.s. and those markets are reacting to that what could we see in the european markets given the they're reopening as will likely be much faster i mean they're already starting to to see to open their borders some some tour of them could be opening of the e.u. bloc to some travelers drive the rally even further. you know i mean again they're in the same position we are there there's so much money available. so little cost that it makes sense to invest plus the fact that they're much more beaten down than we are i mean we're basically we're still near our

boeing is completely different we got out of boeing a little while ago. i think there's going to be pockets of opportunity durability of cash flows, visibility of cash flows is what matters. you know, i would argue and agree with kerry that i don't see it in the stock like boeing right now. >> wiess, you used to own boeing where are you now? >> if i said i've got this great company that i want you to buy stock in and every single one of their customers is teetering on bankruptcy or is unside down their financing, would you say let me buy as much as i can. plus, you have a management that's out there bashing the customers basically saying one of my customers is going bankrupt i don't like the management and i don't like the business at this point no, i wouldn't go near boeing. >> how about black stone it got initiated today price target 65 bucks. you own that >> yeah. that's name we have owned for a long time. it's the leader in its field we know we'll have low interest rates for some time. that's a positive. they are there with multiple billions tens of b

time now for a quick break but stay here because when we return boeing driving up the dow is up after the 1st 737 max certification flight took off natasha we will join up with more as we go to break here's a number that's the but. i know team no crowd. no shots. actually felt. well it's true no 1st small. points your thirst for action. the world is driven by shaped by one person with those words. no dares thinks. we dare to ask. to have been to a national memorial has extended its deadline for submissions. all media professionals are eligible whether you were a freelance journalist work for alternative media or a part of a global news plus you can submit to you all published works in either the video. we will go to war go to you don't go home and get to know. pharmaceutical giant bayer has agreed to pay out more than $10000000000.00 to settle lawsuits by round up users in the u.s. who say the weak killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesn't mean they are is off the hook for future lawsuits well joining me now

time now for a quick break but stay here because when we return boeing driving up the dow is up after the 1st 737 max certification flight took off natasha we will join up with more as we go to break here the numbers that the boat. with yeah you know what. pharmaceutical giant bayer has agreed to pay out more than $10000000000.00 to settle lawsuits by round up users in the u.s. who say the week killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesn't mean they are is off the hook for future lawsuits well joining me now to explain is that legal journalist molly barrows contributor to america's lawyer what are the terms of the settlement and does this mean that there is now admitting liability. i stare at will of course bear says in no way shape or form does this mean that they are admitting liability they're in fact fighting 3 individual verdicts that happened that they basically got verdicts against in the case of other individual people who say they got cancer from using round up in particular there's an active ingredient

time now for a quick break but stay here because when we return boeing driving up the dow is up after the 1st 737 mock certification flight took off natasha we will join up with more as we go to break here the numbers that but. you cannot be with me yet you're like. oh. i don't know correct. no shots. actually. let's. go 1st to. switch your thirst for action. from. the. pharmaceutical giant bayer has agreed to pay out more than 2. $10000000000.00 to settle lawsuits by round up users in the u.s. who say the week killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesn't mean they are is off the hook for future lawsuits well joining me now to explain is that legal journalist molly barrows contributor to america's lawyer what are the terms of the settlement and does this mean that they are is now admitting liability. hi sarah well of course they're says in no way shape or form does this mean that they are admitting liability there in fact fighting 3 individual verdicts that happened that they basically got verdicts against in t

i think boeing mr. >> i think boeing will go out of their way to make sure to not get ahead of the faa norwegian air has cancelled and filed suit goodness boeing for damages. filed suit against boeing for damage so a lot of work to do to clean up the industry. management changes, i think the folks the at the helm hold those relationships especially at the chair man's level. it's something to watch. doesn't change the dynamic demand for the industry. as covid-19, the data we're quoting, morgan stanley, whatever you look at, it doesn't bode well for quick return to air. but this was weighing down boeing well into this crisis this is a very, very day. >> yeah when phil said november as revenue-generated flights i was thinking who will be on the flight first you got the covid scare and in the back of your mind you think of the fatal crashes of theed 737 max maybe you're thinking i'm not going to be the first one on that plane. >> i couldn't say it any better. aside from the financial dynamics boeing has to overcome along with the rest of the travel sector there's still real psychologicalic

the boeing 737 took to the air again today.he faa cleared the way for several key test flights to recertify the aircraft. the faa just issuing a statement. quote, the certification flights are expected to take approximately three days. they will include a wide array of flight manuevers and emergency procedures to assess whether the changes mead faa certification standards. the flight took off for the first flight from one p.m. eastern time from boeing's facility in seattle. the 737 max, remember, has been grounded for 15 months after 346 people were killed in asks involving that plane. obviously a human tragedy but having impact on the stock over the course of the year as well. when the last crash took place march 10th, 2019, boeing was trading just under 400 bucks a share. since then boeing conducted a number of its own tests made critical fixes to the 737 max jets but this test by u.s. and air safety regulators would validate if the hardware and software changes the company made would actually comply with the certification st

boeing calls, too. there was a rumor going around today that dan loeb of third point had bought boeing stock. i can tell you that third point bought some boeing debt. i can confirm that third point, dan loeb, bought boeing debt, which they thought was nicely priced but not the equity, as some have been speculating on for at least part of this day so, i just wanted to get that in there, steve as we talk about, boeing is having a really nice day, obviously. up 8%. and you bought calls tell me about it when did it happen >> i bought them earlier in the week i think i bought them on monday, actually the reason being on the max news, which is why i owned the stock originally, when it got hit, that the max would be relaunching mid-year this year so it's on a timetable look, i think management, new management is absolutely horrendous it's not a company i want to own long-term. i think there are big issues one issue, of course, is as matters escalate with china, if they say we're not going to buy anymore boeing

the safety crisis has raised questions about the ties between boeing and u. s. regulators and some agencies including the e. u.'s has said that they won't automatically accept the faa certification in the u. s. as they used to do automatically- before getting those. planes back in the air. okay the aviation industry has been among the most affected by the corona virus pandemic just how has boeing fat. what boeing has already spent over nineteen billion dollars on the max crisis alone- and that's control and the corona virus pandemic has now contributed to further job cuts ten at sixteen thousand. announced just in the past few months that's 10% of bones over work force. it's rating has been down. orders for its planes including but not limited to the max fleet. have ground to a halt and it reported record operating profit loss of one point seven billion dollars in just the first three months of this year. at boeing's share price has plunged around 40% since the beginning of twenty twtwenty it did jump over 14% this monday. as news of that test flight broke- a

welcome our viewers from across the nation and all around the world here tonight top stories 1st up boeing has already started test flights of its troubled $737.00 max jets what could this mean for the company during these very uncertain times and the coast of those serbia's summit that was supposed to happen this past weekend at the white house is put on hold after kosovo's president gets indicted for war crimes full report coming up and then you don't leave or looks to rebranding the skin whitening products even given all these controversies over what they're part of for those who are not white we're going to discuss that it's time to boost your immune i. despite the global pandemic and 2 fatal accidents boeing is now testifying it's 737 max jetliners the federal aviation administration is working to help certify boeing's new was plane that reportedly has made improvements since its last crash so what does this mean for the company's revenue stream r t correspondent natasha sweet is in los angeles at the international airport with more of the f.a.a. is indeed ready to fly the boeing max

the seventh -- for boeing. the 737 max getting closer to get into the air.hts could begin today. aerospace defense equity research specialist joining us on the line. how critical a moment is this for bowing in getting the 737 max back in the air? what is the lag time for a successful series of flights and getting back into service? of the timeline between the certification flights and we saw the news on thursday, we viewed it as a positive because it has been quiet for bowing since for earnings in april. we view some progress as a big positive and clearly the market is saying that. we think there are three test flights, and the time in terms of certification is mid-september. what could happen is there could be more changes if there are additional requests. obviously this an aircraft that flies around the world. the faa has, under pressure for not being more diligent in terms of the work it did surrounding the aircraft. other regulators around the world are likely to be involved in this process. we have a european regulator, a canadian regulator, chinese reg

boeing has had a cracking run, today down by 2.5%. a little later on we will be talking about what's happening in the aerospace sector with the french coming through with a big plan today, trying to help out its aerospace sector. we will get a take on this later. up next we are talking more about the fed. more about the fed. alix: live from new york, i am alix steel, this is the european close. i'm joined by guy johnson. the fed will take center stage tomorrow, here to look at the impact is scarlet fu. couple things i'm watching out for from the fed tomorrow, first will be acknowledgment of the thing data and pushing back on the idea that there will be less stimulus as a result. the fed wants to be accommodative. and look for potential details on qe or -- qe four. upon bases on a week by week basis to support market functioning but if you look at financial conditions they have been easing. so mission accomplished. defined orsome more formal details on the program that's currently in place. yield lot of talk about curve control, but an

dhachanger for boeing s the debt offering that was $25 billion. it was two times over p prescribed there's real demand. people believe in the duopoly. the story just got complicated from the max that was a surprise to everybody but now they are restarting to production of the max, 737 max they have to get certification in next couple of months, but they will. i think the big question is free cash flow. what can they generate it's higher than where we are today. i 100% agree with what you said in terms of this market is rallying because of liquidity rs going well and leading to better data points in initial claims and ism non-manufacturing, new orders, business activity and mortgage applications across the board. may is better than april i think going forward, you'll see june will be better than may and then july. it will continue if you do have this steelening yields curve continue along with better growth and maybe a little bit of inflation, then the value versus growth trade has legs to it >> look, the market is smart enough to know that even as

boeing is up at 183 right now.apchat, more companies pulling ads over online hate speech what they call hate speech. amazon workers in germany, planning a two days strike over the company's lack of transparency over virus infections. listen to what gerald storch said about that last hour. >> amazon as they employ a million people now globally. they are the second largest private employer in the u.s. they are a big target. they know. i know jeff bezos wants to do the right thing. he is going to do the right thing. he has to. they are testing their own people, if you can believe that on top of temperature checks everything they're doing to make it well. i would be much more worried on a small company, struggling company, who could not afford to make investments. stuart: amazon down in a otherwise upbeat market. gerald storch appeared in the last hour of our program. we're at the highs of the day, up 280 for the dow industrials. ed yardeni back with us. ed, a lot of our viewers are worried about the market because of

they had the 737 issues but now when you look at boeing, i think, if you're investing in boeing here,ou're making a bet that the economy doesn't stay down forever. that there is an economic recovery, not just in the united states but globally. and boeing is one ever the names i like. i mentioned fedex earlier. also boeing because there is so much more upside for them if countries begin to order planes which i believe they will, boeing's stock is still undervalued at this point. you're not chasing it to buy it up here. charles: also i think the general consensus now, a lot of these airlines are probably not going to fix planes. instead will buy new ones as thinking that might be a better investment. you know, erin, wall street obviously missed this rally. most experts were down on the markets and now what i see almost every day they're chasing. amazon got a price target today, $3300 a share, almost up 1000 points. lululemon got a huge upgrade today. if you're an investor just trying to make money in this market, you see the names become unstoppable locomotives, wall street jumpses on t

that is largely thanks to boeing. boeing is up nearly 8% today on approvedafter the faa a critical set of test flights for the 737 max. this is not just good news for boeing and the potential recertification of that jet, but suppliers as well. you see the likes of raytheon and general electric higher as well. iifting away from equities, want to look at fixed income. we are quickly approaching the end of only one day to go. we are looking at the bloomberg barclays treasury index. it is up 9% so far this year, the best first-half performance since 1995. that reflects a certain pessimism about the economic outlook. vonnie: not that much pessimism when you look at the markets, so good to know that there is some baked in. thank you. one of the biggest areas of dislocation is in housing. forcedas a lot of selling, which our next guest was quick to notice. ceo and managing partner of kayne anderson real estate. welcome. explain what you see with default rates now that the fed has stepped in and the situation hadnot have been

we could not have done the work we did without significant input from boeing engineers. is the ultimate collaborative model to engage in. as for funding, there has been has over the years that never taken off. for reasons i don't want to get into right now. in public health it is always difficult. that is really hard to find something. to prevent this disease from happening on an airplane. thank you very much. thank you to our witnesses. my time has expired. >> thank you, madam chair. i appreciate all of the witnesses. i would like to ask to anyone who can answer this, how does airline travel compared to other ?odes is it riskier than trains, ships, buses? how does that health care risk compared to overall safety, including accidents, of each mode of transportation? can any of you answer that? quite an involved answer. understandthink we about airplanes in the same way we understand about trains and .uses and subways we don't understand how people move around on them. there have been a lot of publications over the years about disease transmission on airplanes. this is no

eastern time from boeing facility in seattle.as been grounded for 15 months, more than a year after 346 people were killed in accidents involving that plane. but the 737 will be instantly approved. the faa issuing a statement sayings hing, quote, the certification flights are expected to take approximately three days. they will include a wide array of slight manueverrers and emergency procedures to assess when they meet faa expertification standards. it was a huge human tragedy. of course it had an impact on the stock price. you need to remember that. march 10th, 2019, the stock was trading just under $400. now you can see it is up almost 14% today. a little less than 200. it has come back a little. since then boeing conducted many of its own tests and made critical fixes to the fleet of the 737 max jets but this set of tests by us air regulators whether the plane would comply with safety certification standards. the faa says there are more valuations here t could take several more months and a lot of seals of approval to go thro

you mentioned boeing.hat the federal reserve is actually buying their corporate bonds, big-time, millions and millions of dollars. we haven't seen that before. we haven't seen intervention on a scale like this, even going back to the obama bailout in 2008. you've got that but you have also got real legitimate economic growth, names like apple, like amazon, are powering forward. they are not only the most expensive stocks in the market but they are also the strongest stocks in the market. so we always say the market hates uncertainty. it doesn't necessarily hate it today but it's really been flummoxed by all these winds buffeting the market and the economy writ large. neil: you talk about the strong economic numbers. these pending home sales up better than 44% in the latest month. that's a record pace. if that doesn't show pent-up demand, i don't know what does. i'm wondering what you make of that, because a lot of that was occurring through these spikes. >> i mean, this has been a difficult market to reall

herzberg, you talked about being in contact with boeing. boeing is the largest airplane manufacturer in this country, but there are other manufacturers, airbus in france, for example. any input from other manufacturers? have we reached out to them? >> not to my understanding. i am just a little old faculty member here, doing my job. >> well, i thank you for that. the last thing i want to say is that i like the line of questioning about nasa. obviously nasa is very very good at quarantining, for a lot of reasons, but any plans that anybody knows of to actually get nasa people in here and talk to us about that? does any of our witnesses witnesses have conversation with nasa? >> no. >> so i guess miss kraus, no? >> but i think that is to leverage the knowledge is important. >> i appreciate that. don't thank you, madame chair. i yield back. >> thank you very much, it is always a pleasure to have you with us on this subcommittee. we have gone through all of the members that are with us, wait, i stand corrected. i think we have one that has retur

you look at boeing, caterpillar, you look at deere, all up 20%. capital one, the stock bragt to you a week ago, capital one is up 30 some odd percent, in a month. that's most of that gain just coming in the last little bit here there's a significant rotation into these areas, scott. again, those rotations are not driven by retail if anybody wants to argue with me, happy to have that argument. >> i don't know. i think, jon, i think kramer in some respects, i'll get to you in a second, i think kramer is speaking to this sorts of hot retail money money that's coming in by virtue of robinhoods and that platform and other platforms where newer, younger investors have been attracted to the moves in the market where you can buy fractional shares of things. i think there may be more retail money that's come into this market and maybe people giving it credit for. i think that is driving some of the level doc of concern >> i always should that part should, scott. again, as you said, accurately, robinhoods and other places that allow you to do fractional inv

the very latest on chesapeake energy ahead plus a big day for boeing. it's 737 max returns to the skies but no passengers just yet. phil will be along to explain in ten years to the date today, a wild and profitable ride for tesla stockholders we will speak with a long time bull and shareholder about tesla's next ten years a very busy hour ahead dow futures up 105 we're back right after this. >>> today's big numbers 88%. that's how much wti has soared so far in q-2. on pace for the best quarter since 1990 but despite the gain the commodity is still down 37% this year. >> it's certainly a big quarter but far from all as well and energy stocks and the run up in crude oil prices the sector eyeing a 24% gain overall since april 1st but the green arrow is not without a major caveat breaking over the weekend, chesapeake energy and the second largest gas producer filing for chapter 11 bankruptcy protection the company unable to overcome record low energy prices amid the pandemic and a surging -- sorry about that, surging debt load so what does all of this mean

herzberg, you talked about being in contact with boeing. boeing is the largest airplane manufacturer in this country, but there are other manufacturers, airbus in france, for example. any input from other manufacturers? them?e reached out to [indiscernible] i am just a faculty member here, doing my job. billsentative: i like posey's line of questioning about nasa. good atvery, very quarantining, for a lot of reasons, but any plans that anybody knows of to actually get nasa? maybe the chairwoman might want to get some nasa people here to talk with us. of our witnesses had a conversation with nasa directed at this? >> no. think that is to lever rural -- but i think that to leverage whatever federal research and knowledge is out there is important. representative: i yield back. thank you, a pleasure to have you with us on this subcommittee. we have gone through all of the members, i stand corrected. i think we have one that has returned. mr. lapinski, are you here? mr. lapinski? lapinski: thank for letting mer, join the subcommittee today for

it's not just boeing, it's all -- supply who support parts. is there any indication as we anticipate more air traffic around the country? abigail: we have a rally for some of those air part suppliers, right across the board. every company really related to air travel, whether it's the planes themselves, the airlines, or the aircraft suppliers. big rally. investors want in on this beaten down sector. it was hit the worst coming out of the pandemic. there is a sense that if we really do start to see americans take to the skies, millennials a little bit more welcoming to this idea of wanting to get back in the air. if we see people get into the air more quickly than expected, not just for leisure but if there is more business travel expected, we don't know if that's the case but there is a sense of optimism that that could happen, that we could see more travel happening. speaking of travel, david, very interesting, president trump during his press conference mentioned the idea that he is buying an r.v. and on that we saw the shares of winnebago s

holde seeing the boe on until the end of the year on all fronts?ink the big uncertainty is the economic conditions as the economy opens up now. and we don't know how a second wave is going to look like in the u.k., but we do know that occasional outbreaks could lead to regional lockdowns. turnaround notth be as robust and if the market is not as stable as the boe seems to suggest and believe yesterday, then we could see them coming back. this is when they first brought up a negative rates and the market pricing that end, but now they are not talking about it anymore, markets priced it out, i think there is a lot of fluidity in terms of the path forward and it will be data-dependent. adjusts toe for all look into it. nejra: ok, so with all that fluidity for the outlook for u.k. policy and the economy, what kind of appetite from investors are you seeing for u.k. assets whether it is these, gilt, or the pound? wei: we are not seeing a huge amount of interest for u.k. assets. more on the fixed income side than on the equity side. the initial wave of go

and what happens if interest rates rise we'll explore that and the dow powerhouse as boeing rallying 62% in a month. apple hitting an all-time high see if they're still buys and beginning with the monster rally. dom chu is here with the numbers. >> monster doesn't begin to describe it. a big green monster. kelly, near the session highs. we were up over 1,000 at one point and 3.5% gains for the dow. the s&p 500 nearly 3% gains. and the nasdaq composite 9836 was the intraday high. that's just two points, not percentage points, two points from a record high for the nasdaq and keeping that record watch on the screen for right now. just to put things in perspective, what does a v-shaped recovery look like? you saw it over the past few months, lost about 45% to the downside for the s&p 500 to the covid-19 lows and now up about 35% from here so we are now approaching some more rarified areas. another place to watch, 10-year treasury note for the interest rate side. we have been locked in a tight trading range and now a breakout here can this keep going for both yields and stocks? we are app

you could have bought boeing on sale under $90 tuesday, june 9, 2020. "squawk box" begins right now. >>> good morning welcome to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. the dow, the s&p up sharply yesterday. the dow actually up 461 points led by another big gain from boeing shares. s&p 500 up by 100% yesterday turning positive for the year. one point this year, the s&p was down 30% now more than 47% off the march low. the nasdaq closed at the record highs as well. this morning, seeing give back the dow indicated down by 345 points the s&p indicated off 35 and the nasdaq off by 70 points. if you've been watching cha is happening with treasury yields, a lot happening. the 10-year at 0.82% we had been at 0.9%. we had been at 0.7%. we are seeing a little give back with oil prices seeing wti down just 0.5%. >> we have another big show. three squawk exclusive interviews taking place. finding solutions for economic racial inequality. the highlight is ceo of e sen sur. and from barrons with a lot to say. dick parsons