fly, and boeing up nearly 2% today on the news. brian kelly, is this something that tempts you? no, it does not. getting on boeing itself, i'm old enough to remember when it was only three months before this thing was going to fly again. so for me, boeing is just an absolute no touch. people are canceling orders. it's going to be a long time before you get international travel again and i don't think this plane ever flies again. the defense side, maybe there's something to it and there's old type of defense and the new defense is cyber, so i don't even want to come close to it. >> it has not just the 737 max, pete and it has the problem that air travel might not come back and it is 2024 until a return to normalcy and that's a long ways off. >> i think that would be the biggest concern, mel, because i like what we're hearing. this news is obviously, solid news for boeing and i think we saw that reaction today and the reality is exactly what you said, when will they be able to start up with airlines actually coming back. commercial a

why some officials are still not on board. >> yuccas: these are turbulent times for boeing. the pandemic has collapsed the demand for travel, grounding planes and workers worldwide. but this week a glimmer of hope for the pacific northwest's largest employer. regulators took a key step toward returning the 737 max to flight following two deadly crashes. here's kris van cleave. >> faa administrator steve dixon pledged the grounded 737 max would not carry passengers again until he had flown it himself. last wednesday with the former airline pilot at the controls, the max took off from boeing's field in seattle. >> i luke what i saw on the flight this morning. >> the two hour flight aimed to give dixon a sense for how the design changes perform in a real world setting. >> it's been a constructive week. that doesn't mean that i don't have some de brief items for the boeing team and the fa team. >> the max has been grounded since march of 2019 after two deadly crashes killed 346. a the center of both accidents a faulty sensor prompted repeated activation of a previously unknown a

now, as boeing ends production... it's with heavy heart that we take off on this last flight. ..covid—i9 has written the final chapter. the covid—i9 pandemic has decimated demand for air travel. worldwide, these giants of aviation are parking up — many to never fly again. british airways is scrapping its entire fleet of 31 7a7s. klm, virgin and qantas also saying goodbye. covid had a devastating impact on the aviation industry. we are not anticipating seeing particularly long—haul passenger demand return out to 2024—2025. there isn't enough demand to justify the use of a very large aircraft. loyal operators of the 747 imagined their 747s having another few years before they went into a gracious graceful retirement. instead, they've just had to stop them, that's it. applause. sydney, and as a big farewell as the last qantas 7a7 jumbo jet departs australia for the breakage yard. radio: on this bittersweet day as we all suffer through this covid crisis — on behalf of australian people all over the country, many of whom h

boeing results just out.nt getting over to phil lebeau with that story phil >> andrew, let's go through the numbers and then we do have important news for boeing as they released the third quarter financials for eps a loss of $1.39 which is better than a loss of $2.52 revenue slightly better at $14.1 billion. operating cash flow, negative 4.8 billion. the cash burn, negative 5 billion. but they do end the quarter with liquidity of $27.1 billion now the news that's going to get plenty of attention today, certainly during the analyst call as well as by investors all day long boeing setting a new target for employment for the end of 2021 remember, they are expecting to get down to about 141,000 employees by the end of this year now they are targeting getting down to 130,000 by the end of next year, which would mean another 11,000 jobs being cut. they expect about 7,000 of those to come through involuntary or voluntary layoffs. what you have for boeing is further job cuts here. about another 7% if you go back to

airplanes we hope it stays all boeing. we'll compete to win it is in gary's court to maybe t make the decisions we are confident we have a competitive airplane to offer. >> you have a number of airline that have indicated they're not ready to pull the trigger, but they're starting to look at the other side of the pandemic, when they want to have the freshest, most fuel efficient fleets available. when do you start to see those orders or those commitments start to come in are we looking at six months down the road, do you think it might happen sooner than that? what is your sense >> there is a psychology here. and i believe a vaccine is central to that psychology and if i look forward, at least relative to our original prognosis of three to five years, the vaccine by all accounts seems to be way ahead of where we imagined it would be we guessed it would be sometime in 22 or 23 based on historic developments for vaccines. if a vaccine comes if a vaccine begins to be distributed globally in the first half of next year, i thin

boeing doesn't have that, do they?s is the genesis of the entire wto, one side claims there was airbus getting into claimingbody market that boeing got subsidies via not loans but military subsidies. ruled onary -- the wto that slightly in favor of boeing but in favor of both sides. theory, we- in should approach some resolution. it will see if the outcome of the election has a material impact on that. the wto ruled both sides -- tom: you're an expert on this. my major travel issue is to they have all of its onboard or not and you are into the airplanes. there is an uproar about the ,etirement of the boeing 747 finally putting it to bed. is there any romance about the airbus design? guy: i'm a big fan of all of them. i think the 747 is a decent airplane. 747 will continue to continue. they are retiring the older ones, but will can you to operate the 747. if you want to fly to this part of the world, you will have to go frankfurt if you're looking for a 747 flight. the 747 was built an awfully long time ago. the 747 was

boeing has issues.nder if five years from now when i am 83 and doing fast money, if we are talking about boeing the same way we talked about ge earlier today i totally get it but the mmcicoeral airspace looks challenged to say the least. >> coming up, it has been volatile for foody irly pry 4 it to the cleaners >>> welcome back as you know, everyone is buying, selling or under contract right now. how should you play it >> the pitch today is whirlpool. somebody get me an appliance if you can get one and tried to order one during the crisis, not only is there extreme back order, but there is huge demand. these secular trend. not just people moving out of cities to urban centers, but people fixing up their homes building materials i think are a more interesting trade and have more room to run that's why i look at whirlpool but this is a company nine or ten or 11 times. it looks interesting finally the chart. it's breaking out after a five-year chart where we have gone to the right two or three years after

you have boeing and airbus.o the travel industry will recover and boeing is one of the few suppliers you can actually buy a plane from. liz. i guilt h it, but earned you concerned? american airlines can do what it is want. et to go back up intookay for service? >> boeing is big enough where they scrap the jet completely. it will hurt them in the short run but the long run there are only two places to go for commercial jet liners. liz: that and airbus. that is true. so, let me get to tesla. tesla had unbelievable runup. you see more opportunity here? what specifically says i'm putting my clients money in here for you? >> it is actually the other way around. i don't see any opportunity. tesla is up from $50 a year ago to in the mid 400s now. over other auto manufacturer is starting to produce electronic vehicles en masse. so i'm not a big fan of tesla. liz: i'm sorry. we must have had that wrong. my apologies there. they are coming out with earnings tomorrow. amazon, quickly. give me your thought. you like it? >>

when it comes back, the boeing company needs to treat taxpayers fairly.e need to look at their tax breaks. act in responsible ways so they have incentive to bring jobs back, make sure the next airplane is made here as well. i believe that should happen, because it is the best place to make airplanes, according to teal group, and it is fair to washington citizens. about have talked construction in western washington. you know a lot of these jobs. you are from the east side of the state. what would you do to keep jobs in western washington? lived most of my life on the western side. me keep trying to pigeonhole like it is a negative. i love the entire state. the problem in this state is the governor has lost touch with reality. he has been working in government for decades. he has no clue what is going on in the real world. he has never built a business. i have. i started with one employee and an old truck, bought from my grandma and payments. homemade single axle trailer. that is how i started my construction business. i've built it over 20 years. i had mu

boeing is up about 3%. the s&p up around a percent, close to that at the moment, 59 minutes left, sara. >> coming up on today's show, shares of kansas city southern they have held up relatively well this year ticking lower on the back of earnings today we will talk to the railroad's ceo about those results. >>> plus we will talk about the impact the coronavirus is having on the world of sports with the ceo of a testing company they test for big 10 and pac-12. the company is quidel. their stock be that flying 58 minutes left of trade, mike santoli, megger theel and joining us to talk about boeing today is sheila kaiialo. mike, the market strong. >> a gentle rise the market found its footing for the second straight day around the time the european markets closed in the late morning we have been trudging higher since then the s&p 500. 3508 would be closing weekly high for the s&p it is kind of interesting because we traded a couple percent higher than that at the peak but it was not at the ends of the week. so

it was not all clockwork, boeing had installed space—age autopilot. clockwork, boeing had installed space-age be on the astronauts, they would go and ta ke on the astronauts, they would go and take you to the moon and of the other side of the corridor would be the people of us, the same system and there was just the people of us, the same system and there wasjust pan and made the worlds first 747 passenger flight from new york to london. it certainly did not go to plan. before the pandemic, interest when the original crew to norway. amazing to meet you. so, this is you on the first flight? yes, just after landing in london and me between the captains. does still fityes. -- something happen for take off. 0ne -- something happen for take off. one of the engines heated up in some people said they had seen flames, maybe they did, but the captain decided to go back in. the worlds press watch the worlds biggestjet return. pan m. it was a state of shock throughout the facility. this was our worst nightmare. they said something was burning and we got off. a man-made giant crossing the atlantic, cenex

. >> i want to talk about boeing. governor inslee, you have said boeing threatened you. mug you.o get the largest tax break for a corporation in washington state history. you personally called for a special session years ago to get 8.7 billion dollars in tax incentives in exchange for the production of the 77x line but now boeing as you know is moving the entire 787 production line from everett to north charleston, south carolina. did you get fooled? gov. inslee: no. in fact we built into that , agreement things that had not been built in the 787 deal that was done before i was governor . and they are not building a second line for the triple seven uh so no uh we made a decision about jobs i'm all about jobs and i come from surrounded by boeing families in in my cousins and my my best friends growing up and i believe that these these planes should be made here we have the best workers in in the world on this to go elsewhere did not make sense and if it did make sense the thing that is most disappointing to me is that the company did not give us any way to consider bringing them b

the boeing 787 has been deemed safe to fly. the news comes besides a software upgrade, not being done it for up to two years. the max was founded in 2019 -- grounded in 2019 after two fatal crashes. president trump and joe biden held separate town halls last night, 1000 miles apart. the president clashed with the moderator and lauded his administration's handling of the pandemic. aimed ate answers avoiding anything that could imperil his lead in the polls. president trump is ready to lobby the republican party for a bigger stimulus deal. in a call, treasury secretary steven mnuchin told nancy pelosi that the president will lead on the gop if the -- lean on the gop of the two sides can come to an agreement. he wants a bigger rescue plan than the $1.8 trillion on offer. senate majority leader mitch mcconnell says that is too much. president trump says the u.s. will strike much harder if the eu goes ahead with $4 billion of terrace on american products. to imposence the wto the duty after a ruling on illegal state aid. the union.

and meanwhile as boeing attempts to get approval for the troubled 737 max to return to service f.a.a. administrator steve dixon piloted test flight of the jetliner earlier this week 737 max has been grounded of course for 18 months after 2 deadly crashes took the lives of 346 people following the flight dixon told reporters i completed a number of test profiles today to examine the functionality of the aircraft and i like what i saw so it responded well for more on this to break it all down let's bring in captain devastator the communications committee chairman with the allied pilots association capitated always a pleasure to have you and have your expertise on this program what do you make of the administrators test flight and his comments following. well i'm a 737 pilot he lived up to his commitment to get in that aircraft and see what boeing 6 this was not part of the certification it was just a leader saying i'm going to be 1st at the stick we don't know what profile he went through you know we reviewed a lot of the training right now and he submitted comments along with the rest

boeing releasing the 10 and 20-year outlook for commercial aircraft demand.ing says that over the next nine years, through the end of this decade, it's going to drop by 11% they're expecting the industry 18,350 new planes. here's the problem over the next four or five years, the snap back in demand, it's just not there. the when you look at the passenger levels here in the united states, look at how it has really hasn't picked up steam over the last couple of months in account fa, in september, parke levels were done 68% boeing, now says that they do not expect us to get back to 2019 levels until at least 2024. once we get past this, what's the outlook going out through 2039 most of the airplanes that are going to be ordered, no the just from boeing but from air bus and other manufacturers will go to china and to asia, north america will be about 21% of the market. and there you see europe at 20%. as you take a look at shares of boeing, remember, it it's backlog come down substantially for commercial airplanes now stands at 4,387 airplanes. we'll get their se

the top aviation regulator in europe says boeing's rebound -- boeings 737 max is safe to fly. it has been grouted for more than a year because of two fatal accidents. boeing still has to get approval for the faa for the plane can fly again in the u.s. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm ritikauntries, gupta. this is bloomberg. equities, bonds, currencies, commodities. i only have one board this morning. i'm going to go to the 10-year yield, going from 0.69 out now to 0.73. i'm going to call a little bit of a yield backup, ebbing away in the last two or three hours of trading. francine, the euro at 1.1705. a weaker euro seems to be a new theme in fx. francine: and something that could sway the european central bank, their policy decision. the british pound reversing some of thursday's drop versus the euro. the british prime minister said to decide on friday whether to abandon trade talks with e.u. after the leaders refused to give him a clear indication they are ready to compromise. this w

boeing will want to come here and stay here. host: you publicly threatened boeing taking a hard look at those tax breaks are you playing with fire? inslee: it's common sense the citizens of the state should be treated fairly that means if boeing's future improves, which are well, we want them to be inspired and incentivize to put things here. this is one way to do it. to give them the incentive they may think twice about the jobs. this is interesting. we have the highest rate of gdp growth a year or two ago the state has been named the best place to do business and it's named the best place to live and that's are moving here like crazy this is such a terrible business place why do they keep coming here and growing this is a growth oriented state and will grow again. host: i have to cut you off on time and she want to give you a chance for rebuttal there are no global aerospace programs they are what makes you thank you are better equipped to do with the company that size with your background? culp: the current governor thinks he

and boeing announced thursday it will shutter the original assembly line for its 730. 787 jetliner in the seattle washington area moving production to its south carolina facility now the relocation will begin around the summer of 2021 boeing will keep assembling other aircraft at the seattle plant while it's not clear what impact the move will have on jobs washington state representative j.t. wilcox said it could affect as many as 900 jobs in a facebook post washington governor jay inslee spoke about the situation thursday when this market comes back so should these jobs we will do everything in our power to resent him. including treating washington taxpayers fairly. and then obviously includes a hard look at the more than $100000000000.00 in tax advantages that are to be enjoyed the annually by the boeing company. and meanwhile as boeing attempts to get approval for the troubled 737 max to return to service f.a.a. administrator steve dixon piloted test flight of the jetliner earlier this week 737 max has been grounded of course for 18 months after 2 deadly crashes took the lives of 3

boeing, the boeing max is safe and may return this year, according to the european regulator.x jetft and its directive seen month. we can put that into slightly better english. europe's top angular regular -- ishuish regulator -- engl regulator says he is satisfied. by the end of this year, we could see the 737 max jet in the air, even though his agency will not be ready for up to two years. this is some developments on a story we've been watching for some time. we'll keep an eye on the share price as we get closer to the u.s. open. back to europe, european mocha #its opening higher, as -- european markets opening higher. across the continent, dashing reports a targeted report is sufficient. lockdown means many things in different places. many european leaders are saying they will not return to whatever it is the lockdown meant to them earlier this year. let's get to peter oppenheimer, who is with us this morning. peter, really good to see you. how is the focus on further restrictions to daily life across europe, how does that interact with your equity strategy at this point?

boeing continues to push back the time deadline. if i wanted to get exposure in this space, i still like southwest. the chart is showing good momentum here. exposure to business travel and international travel i think is better than some of the other carriers so i would stick there rather than boeing. >> finally, apple up nearly 57% this year as itgoers up to launch the iphone 12 >> i am going to trade it. every time i get a new apple product. i always have to use it. i have seen a pullback and i think investors are taking gains off the table. i think it's going back to the power of apple some of the things going forward, as iphone 12. and they are consistently giving people a reason to be into the stock. >> coming up, cars, clothes and cameras. why these names could deserve a full blown rerating. and later we have our head in the cloud. we started goodrx in 2011 because too many people in the united states can't easily get to a doctor or afford the treatment they need. that's why goodrx has built a leading consumer-focused digital

now boeing as you know is moving the entire 787 production line to north charleston, south carolina. did you get fooled? >> no. in fact, we built into that agreement think that it not been built in, the 787 deal that was then before i was governor. they are not building a second line for the 777. so no. we made a decision about jobs. i am all about jobs and they come from come surrounded by boeing families in my cousins, best friends growing up and i believe that these planes should be made here. we're the best workers in the world on this. to go elsewhere did not make sense and if it did make sense, the thing that is most disappointing me is that the company did not give us any ways to bring the back when market conditions improve. i know the market has been down for airplanes but this market is going to come back and when it comes back the boeing company needs to treat taxpayers fairly. we need to look at their tax breaks, act in a responsible way so that they have an incentive to bringing his jumps back and make sure the next airplane is made here as well. i believe that should ha

to drop tariffs in the boeing airbus dispute. well it's interesting i think that that's a great question because really it's a microcosm of exactly what you're talking about what these concerns are if they don't come up with an agreement that everybody likes for this new world digital economy taxation plan this is sort of a microcosm example because there's been this long going almost 20 year dispute between the e.u. in the united states over concerns that each has that their particular government is subsidizing or governments in the case of the you is subsidizing their civil aircraft industry in the united states it would be boeing in the u.s. government supporting boeing and then and that would be airbus and so you know the new trade chief for the e.u. is say hey don't pay tax and so much the united states is doing like 10 percent tariff and they want to up it to 15 and he say and if you don't do that if you don't drop this on these tariffs then we now have permission to go ahead and tax you on up to $4000000000.00 of your good

european regulators just approved the boeing software overall. the faa could green light the plane by thanksgiving three weeks ago, the faa chief himself test flew the redesigned max. >> i liked what i saw so it responded well. >> reporter: no plane in history has ever been grounded as long as the 737-max getting these planes flying again will not happen overnight southwest has the most grounded maxes, 34 united has 14. american has 24. now american says it is preparing to fly a single max flight daily from december 29th through january 4th between miami and new york customers will be told in advance they're booked on a max and can rebook if they're not comfortable. most airlines suggest lit take a month o longer to prepare each plane for flight the faa expected to require simulator training for pilots. >> question i get asked frequently is, is it safe would you fly on it yes and yes. i would gladly put my family on the airplane. >> reporter: the max's return comes as airline passengers are returning. more than a million passed through tsa checkp

the aviation giant boeing is set to announce its third quarter results later today.ult of the pandemic. 2020 has been a terrible year for airlines — while boeing is also awaiting a critical decision from regulators to lift the ban on its 737 max planes following two fatal crashes. joining me now is sally gethin, who's the aviation editor of gethin's inflight news. boeing was already struggling before the pandemic with the grounding of its 737 max planes, what do you expect from the latest figures? you're from the latest figures? absolutely right and in fa ct you're absolutely right and in fact it was this time last it was haemorrhaging disastrous results are due to the max plane crash and now we have the pandemic and we are expecting losses to be greater than 30% and obviously the orders are down and so far boeing is only delivered around 90 aircraft, which they shadow of what it normally produces and it is also lacking greatly behind its greatest rival, airbus. how damaging it is for its long—term prospects? ithink damaging it is for its long—term prospects? i think

what he now demands from president trump >>> the plans to return the boeing 737-max to the air soon after two deadly crashes. should you feel safe flying in one? >>> and how the holiday shipping crush could cramp your gift giving this year >>> this is "nbc nightly news" with lester holt. >> good evening, everyone 15 days to go and you might expect candidates to be hammering their closing arguments. president trump is instead hammering dr. anthony fauci in some of his most explicit terms yet calling the nation's top infectious disease doctor a disaster after fauci called out the white house for hosting a covid superspreader event. it all comes as the president tries to regain critical ground in a western battleground state while the biden campaign focuses on florida where early in-person voting is under way. geoff bennett has the latest. >> reporter: president trump tonight trashing dr. anthony fauci complaining to his campaign staff about the government's top infection disease expert >> people are tired of hearing fauci and all these idiots every time he goes on television there's always

in the boeing subsidy case to airbus. thatxpectation was that would be about the number, but airbus asked for around three times that. let's return to the issue about what is happening with the banks. that jp morganse sounds as confident as it does, and is u.k. -- and as you say, it has reduced to those reserves as much as it has? sonali: they said that they are being more conservative than the fed. they have made their expectations for unemployment ng to be a little bit better than we saw before, but a huge degree of uncertainty, and they have been sounding the alarm on this for a number of weeks and months now. gormanimon joined james and said that stimulus was needed for small businesses in the broader economy when it comes to unemployment, and it is very clear that those issues will run off to the big banks if that is not taken care of sometime soon. will be back.ou we've got the citi call ongoing. it is a theme that is going to be running through the next couple hours. joining us to take the wider perspective on what

a very big deal there for boeing and american airlines.change" is back in just a moment. >>> welcome back to the show oo7 bypassing the big screen elon musk not saying so long to the golden state bertha kooms is back with a look at some of these top trending stories. bertha, i'm not sure where to start but we're talking about a lot. i'm a huge james bond fan. >> yeah. well this is one of those stories that was shaken but not really stirred james bond potentially heading towards netflix or the small screen well apparently there was an attempt. variety and bloomberg report mgm tried to shop no time to die to the major streaming services the movie's delay until next april. mgm not about to let daniel craig's final turn as bond go for cheap. reports say the studio wanted $600 million roughly 75% of what the last movie specter made at the box office as you can imagine, that's a bigelow of dough, netflix, amazon and apple said no mgm denying the reports. >>> meantime, elon musk may be moving some of tesla's production to texas but he's not leavi

goods over washington's illegal support the plane maker boeing it's one of the largest penalties imposed by the w t o but the e.u. says it will hold off on imposing the tariffs if the u.s. drops its current tariffs on european goods a year ago that said the americans could take action against the european union over subsidies given to boeing rival and us. let's cross to our correspondent in new york yen score to jens how is this decision from need to be likely to go down with the u.s. government. well i mean so far there is the appearance that the u.s. administration might believe that they have the stronger position because there were similar claims in regards to the united states were awarded to potential tariffs in the amount of $7500000000.00 almost double what the european union are now can kill a game yes i mean that's what i'm hearing overall that there might be some negotiations going on but overall i mean this dispute is going on it feels like forever it all started in 2004 and since then it's a back and forth the longest dispute in the history of the w t o thought well it's jus

the ones here named are not really doing defense business or arm sales with china if you look at boeing for example china is a very important customer and it comes to commercial airlines also lockheed martin for instance has been selling some private helicopters to chinese individuals but those businesses so meaning the non-defense parts though they are not impacted by this ruling from china therefore of the impact might be limited i mean the stocks of those 3 companies they did trade lower in the monday session but that was probably due to the overall negative sentiment on wall street now speaking of stocks trading lower we're at the start of what's promising to be a very significant trade week you are he said it's not looking great so far but can you give us an outlook of the days to come. yeah clearly i mean this is a wave of earnings reports that we will be getting this week specially from the big tech companies microsoft apple google facebook and amazon those 5 companies alone stand for roughly 20 to 25 percent of the market capitalization of the s. and p. 500 so you can imagine if

with the latest. >> let's take a look at shares of boeing. down 9% this week. under pressure today after the company reported a loss of $1.90 a share. this is a company that burned through $5 billion in cash in the third quarter. is not expected to be cash flow positive until 2022. it also announced it will be cutting more jobs over the next 12 to 15 months. by the end of 2021, it will be cutting an additional 11,000 jobs that's in addition to the 19,000 it's eliminating this year add it all up and the workforce will be down about 18% since the beginning of 2020. this morning on "squawk on the street" we talked with ceo dave calhoun and we asked him, is this the last of the major job cuts >> i'm very close to being right about that i will never just draw a floor on the other hand, you know, we've got to make the adjustments that we've got to make our production rates will hit their low, the same production rates we've described previously, will hit the low mid-point next year. >> what about the 737 max? as we've reported and others have repor

gave to boeing. airbus says it is willing to support talks for a fair settlement.ning us now is bloomberg world trade reporter bryce baschuk. what happens now? eu willhe u.s. and the begin talks in earnest. dispute, youame in could say u.s. has a bit of the upper hand in negotiations. the eu says it doesn't want to impose these tariffs, but it will if it has to. right now, this will go into a bilateral conversation, and as far as the u.s. is concerned, it is the eu's turn to accept its offer. alix: is the eu going to do a little dance until november 4? bryce: that seems likely. i don't expect them to act quickly here. with the uncertainty of the election hanging over this, it would probably suit brussels to wait to see who wins the u.s. election, and then regathered to figure out if they are going to have to deal with the trump for another four years or the potential of a biden administration. we push forward into the next generation of aircraft and engines, it is clearly going to be very expensive for aircraft em's, to make this leap. can a deal be made on how sta

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you are seeing a view that is relevant, you have to have 500,000 boe or one million boe today.ing amongst emp's with high quality assets and stronger balance sheets. so i think what you are going to see here is a group of companies , small cap emp's, 50,000 barrels a day or smaller being left behind, sliding into obscurity. i think time beats us. i would have loved to ask about yields. we really appreciate it. ben dell, thank you very much. this is bloomberg. ♪ alix: live from new york, i'm alix steel. i johnson in london. time for futures in focus. today is a monthly aspiration for -- katie grayfield has a closer look. what can we expect? katie: it is normally a nonevent. the stakes are a little bit higher this month, just because we have seen so much activity in the options markets. especially in those make a cap tech stock names. if you look at open interest, for example, total call open interests on bank stocks, is at its highest level in over a year just about full given how big those companies are in indexes like the nasdaq 100, like the s&p 500, analysts are warning that

i see on the prompter, good news for boeing, that's a rarity.t talked about good news for boeing in quite some time, here it is, the eu aba should safety says it is satisfied the changes made to boeing 737 max make the aircraft to safe to find your for the end of the year. it is the firmest endorsement yet from a major regulator as boeing decimal he tries to get the plane back in service since it was being grounded since march of 2019 following two fatal crashes, european regulators will soon release the final report and it will be followed then i-4 weeks of public comment but europe is one of boeing's biggest market for the 737 max in the u.s. the faa has held back making predictions of recertifying the max saying only the process is not complete, getting the max back in the air getting one for boeing with unwind inventories with 450 max jets that are being billed but awaiting delivery for customers because this comes at a time per week demand which in turn leads to weak pricing, a good news for boeing coming out of the eu. stuart: it is up for

. >>> getting breaking news on boeing orders and deliveries.lebeau has that presser in chicago. >> julia, another month where boeing is shutout when it comes to new orders. new commercial airplane orders for the month of september the company reported negative 51 planes on the order books year to date, negative 983 planes when it comes to orders. that means the boeing max backlog, what all 51 of the planes were in terms of of what was taken off the order books in september. the total backlog drops to 4,325 commercial airplanes they did deliver 11 planes last month. year to date, deliveries have not yet hit 100. 98 so far this year. the headline here is that the backlog continues to pull down as they report negative 51 planes in terms of orders for the month of september guys, back to you. >> phil lebeau on boeing >>> now take a look at shares of disney popping to day after that company announced it was restructuring the media and entertainment divisions do focus more on the streaming business here's what the ceo told me about the move "squawk a

boeing shares dropped about 4.6%. the united states says it will not endorse nigeria's representative as the next director of the wto despite consensus from the other states. wto said washington was the only delegation to not support the nigerian finance minister. the resolution does need to be approved by all wto members. the u.s. position sets the stage for more intense lobbying and what a spokesman described as frenzied activity. that falls a few days after u.s. presidential elections. it's not clear if the outcome of the domestic vote could affect the leadership contest in the election. either of the candidates would be the first woman to lead the wto. glaxosmithkline has pledged it will reserve 2 million doses of a covid-19 vaccine for equitable trials. there's concern about who will be able to access vaccines, and french and british companies have signed a statement of intent to make sure developing countries can be vaccinated, this as the world health organization has warned against vaccine nationalism. >> than

i want to quickly move over to boeing and raytheon, defense here. u.s.se contractors we need to tell you about. lockheed martin, boeing and raytheon are getting hit at this hour after china announced it will place sanctions on these three contractors in retaliation for a $1.8 billion proposed weapons sale to taiwan. you know the chinese hate taiwan. they want to own taiwan. they want to swallow taiwan. so in the past, u.s. hasn't exactly sold to taiwan but now there are relations because taiwan is a democracy, why not. so lockheed martin down 1.8%. boeing down 4.3%. raytheon down 2.9%. this is the latest spat between the u.s. and china, as the u.s. looks to strengthen ties with taiwan. now, as of now, the sanctions would not be too severe as u.s. defense companies are limited in their military sales to china anyway. so there. we gave you the whole story. maybe they are getting swamped by all this is happening. want to remind you we are going commercial-free until the end of the session because of course, we do have this sell-off. check the dow, down 762

over its support for boeing rival. germany has pledged solidarity with greece and cyprus in their dispute with turkey oversea boundaries in athens foreign minister heikal mas want to turkey have a major setback in relations with the e.u. turkish ship saffron searching for gas reserves in waters that greece and cyprus also play. a huge bomb has exploded while being to diffuse remotely near the polish seaport off we knew each to no one was injured the 5 and a half ton device was discovered last year during dredging up the operations it was one of several bombs dropped by british airplanes to sink a german warship in 1945 not through the regular malise i mean he says suspected jihadists have killed at least 12 soldiers and burnt down an army base near the village of so cool the army says 9 militants were killed the west african country has been struggling since 2012 to contain and islamist insurgency that has killed thousands to the u.s. now where president donald trump's nomination for the vacant seat on the supreme cour

the trump administration backs the sale of 100 harpoon defense systems built by boeing.ng's defense arms, and lockheed martin without specifying what those sanctions are. joining us is wang ting-yu, chair of foreign affairs and national defense committee, taiwan. it must be welcome news for taiwan to get the support of the u.s., but how far do you think that support really goes? wang: this is quite important and crucial to taiwan. first of all, the harpoon system can improve our defending capability, especially the taiwan strait. shipped toquipment taiwan, we can increase [indiscernible] we can increase the rate more than 75. that is important for our defense capabilities. administration, this is the ninth time with sales to taiwan. we try to use it as a symmetry power to defend our home. china have modernized capabilities, and integrate the navy since then. plays a great role, but knowing to the neighboring countries, we try to talk to china, be a good neighbor. we need to protect our home. of course china will be irritated by this, but they will always be angry because

i spoke with the defense side of boeing on a regular basis about it. the issue is frankly the technical solution that was the original design, it's now being redesigned but also, please have a myriad of manufacturing issues with other issues so we have both an engineering divide and execution issue as well as manufacturing problems. >> excuse me, can you explain what that is? >> foreign object debris. in other words, when you're manufacturing and aircraft, we want it to be very clean because we only want what should be in the aircraft and you don't want pieces and parts of the aircraft going in certain sections and so forth. that could potentially lead to operational issues and we have very stringent requirements for that. i fundamentally think the root cause of this is the contract type that was awarded for this and this is why, with our new adaptive acquisition framework, we are giving many, many different pathways to our professionals and we are teaching them how to use this in a very different way. in the past, we typically sort of lockdown profess

boeing is slashing 7,000 more jobs as it struggles to recover massive losses from the pandemic.e company says when retirements and other things are included payroll will shrink by 130,000. that's 30,000 less than the beginning of 2020. a loss compared to a profit of $1.2 billion a year ago. >>> tiktok is teaming up with fact checkers to curb election facts. the app will add new resources. it will limit premature victory claims until the associated press has declared a winner. tiktok says if results can not be verified or fact checking is inconclusive, it will limit. the company says it will remove continent that seeks to intimidate or supress voting. >>> new york wine and grape foundation is out with a list of wine to wear with halloween candy. white wine with skittles, rose snickers. sparkling wine with pop rocks. beer, best pairings include stouts and hershey's, porters with reese's cups. brown ales with kit kats. and ipa with cinnamon candy. i'm too excited about the wine and candy pairing. >> it is too early to be talking about that stuff. here is how i see it. i know hallow

the fourth straight quarter of losses for boeing. this is a dow component.s shaving off 8 points off of the dow right now. going into the report it was taking 20 points off. stock up half a percent. they did lose earnings per share. it was not as big of a loss as we expected. we were expecting a loss of 252 a share, they lost a buck 39 a share. revenue coming in a little better than expected, the estimate was 13.9 billion, they came in at 14.14 billion. that's still about 28% or so year over year declines on the revenue story. big news obviously is the max. what they're saying right now, they completed around 1400 tests, check flights and more than 3,000 flight hours right now on the max. they are expecting faa certification by the end of the year and the company is saying they expect to still start delivering and getting those planes back into the sky at the end of the year, the fourth quarter. also really quick, they have a backlog of 4300 aircraft. they delivered about 28 planes. this is important of because deliveries is when the bulk of the cash comes i

. >> reporter: university of arizona researchers working with boeing are applying a live virus that'sto humans but more resilient than covid-19 to airplane surfaces flyers are most likely to touch. they them applied the enhanced cleaning techniques airlines have been rolling out since the pandemic began: disinfectants, electrostatic sprars, antimicrobial coatings, and this ultraviolet light wand boeing developed to clean cockpits. the researchers found all four procedures were shown to effectively kill covid. >> it can give us a virus-free airplane. >> reporter: this follows research from the department of defense and darpa using a test dummy that simulates a coughing passenger spewing out the equivalent of thousands of coughs. when the dummy wore a mask, testing found on average just .003% of the particles reached another passenger's breathing zone. >> specifically, can i tell you sit in seat x,y,z? no, they all performed very well. >> reporter: this week, seven months into the pandemic, the c.d.c. strongly recommended people wear a mask when flying, are in a transit hub, on mass tra

. >>> boeing 737 max grabbed it since march 2019 maybe hitting the skies again soon. american airlines says pending fda recertification, it will fly from the 29th through january 4 between miami and new york as part of a plan to phase the plane back into service. the top aviation regulator told bloomberg last week he is satisfied with the changes boeing has made to the aircraft and up so that it could be flying again in europe by the end of this year. it was pulled from service after two crashes that killed 364 people. >>> they are going to make some noise this upcoming january. mike d is selling his late mother's art collection. our dealer and interior designer died earlier this year with a collection worth estimated $30 million. the auction house believes it is a sure shot. the marble figure will set a record for the sculpture anticipating it will sell for as much as $12 million. and that is your cbs money watch report. i am diane king hall. >>> let's get another check on the weather. it is good to know that it is cooling down a bit. >>> so nice to have that refresh