the f.a.a. regulated boeing, in part, with a handful of boeing employees, whose paychecks came from boeingor: it's a decades-old arrangement known as "delegation" that allows federal agencies to give oversight powers to the companies they regulate. >> in the beginning, there was a really good reason for this. the f.a.a. was certifying things that made no sense to have them certify every single exit sign or bathroom sign or paint. the issue that many of the f.a.a. employees that we talked to had was that it went way beyond bathroom signs. over time, congress passed laws that pushed the f.a.a. to hand over the responsibility for more and more tasks to the company, to boeing. >> with this level of delegation between the company and the f.a.a., it became hard to understand who was working for who. there was one key person inside the f.a.a.: ali bahrami. >> i'm ali bahrami, my job at the f.a.a. is to lead and manage aviation safety organization. >> narrator: in the midst of a long career at the f.a.a., ali bahrami had left to spend four years as a lobbyist for the aerospace industries associati

especially when it comes to those spice between boeing and airbus. it is, and it's not just a money issue. it's like, it's a national pride issue. boeing is the number one exports in the united states. i mean, we and they, it's not just boeing, it's all the parts and pieces that go into these planes and, and of the, the services that around those airports around those manufacturing plants. all of those things tied together. it reaches bar into our economy and j b a, you know, i want to talk on one more thing that regulators have been looking at. you know, we've seen kind of an unruly passenger situation, a mid flight. what can regulators do about that? and i apologize to give you a time that we do about 30 seconds. this is an easy hazard. federal law says that you cannot, you cannot interfere with a crew. you cannot threaten a crew if you do so. there are fines and, and imprisonment that you will have at this at this time. boeing. i mean f a is enforcing i 100 percent policy, all enforcement, they are not 0 tolerance, i'm sorry, 0 tolerance policy. a

but they are not going to be under the same scrutiny as boeing. it because boeing has been its own worst enemy, it keeps things just keep rolling out that day. almost like every week, sometimes daily. the things are coming out about boeing that they've done that failed on safety, on bullying within their employees. all kinds of factors that have been just really ruined hartner reputation and jamie, is that a corporate culture issue, or is it just the snowball effect of one thing goes bad and other thing goes bad? no, it's pretty. starts with the top, and this has been something has been going on for a while. boeing's shifted a few years ago, back in the mid ninety's. i was a, when boeing acquire, merged with mcdonald, douglas falling had always been known as a engineering company company, an actual incident and ingenuity and, and really forward thinking. mcdonald douglas was based on bottom line. that's where they were a very, very accounted count base and bottom line, profit driven company. they are unfortunately boeing took on the mcdonald dougl

said, you are not to say anything negatively about boeing. you're not because therefore, the grace of god go watch. i mean so, so they've been very, very careful and making sure that they haven't been outwardly pointing fingers or making fun of boeing because it could be them next. so i think that we'll see more and more people watching them. people are going to be making sure that there's other that the rules and regulations and safety standards are being followed, but they are not going to be under the same scrutiny as boeing. it because boeing has been its own worst enemy. it keeps things just keep rolling out of the day. almost like every week. sometimes daily. things are coming up about boeing that they've done that as failed on safety, on bullying within their employees. all kinds of factors that have been just really ruined in heart, their reputation and jamie, is that a corporate culture issue, or is it just the snowball effect of one thing goes bad and other thing goes bad? no, it's not pretty. starts with the top, and this has been

that is 5.9% larger than what boeing forecast last year.the company warned that the recovery could come in fits and starts. that is your latest business flash. guy: let's pick up and talk more about that. thank you very much, indeed. boeing's outlook, i still slightly struggle with how you could forecast something 20 years forward. we will talk about that in the next hour. let's talk about what is happening with boeing and a bit more detail right now. david wilson breaking down the numbers. over to you. dave: boeing is now talking about $9 trillion in terms of aerospace and defense in the next decade in the markets that it serves. that is up from $8.5 trillion a year ago, $8.7 trillion two years ago, pre-pandemic. and a roughly even split between planes, aircraft services, and defense in space. boeing getting more optimistic because in part, as they put it in a press release, the global market is recovering largely as boeing projected in 2020, so you've got domestic air travel coming back. they figure regional markets will be next. when you

and boeing has announced their intention to build the 1st advanced facility outside of the united states. we will tell you where and if it has anything to do with the continued hammering, the company is getting from us investigators. i'm gonna email you the stories and more on today's news views right here on our tea america. let's get started. ah, member countries of the russian organized collective security a treaty organization have agreed to deploy troops along the tajikistan and afghan . stan border all to help the threats from terrorism, illegal immigration, and to stop drug trafficking. and this is all on the heels of india's biggest drug bus to date. seizing a 3 tons of hair when valued to be around $2700000000.00, which originated, i can't stand following the taliban take over just a few weeks ago. now the director of revenue intelligence, which is india, the top anti smuggling agency, received intelligence saying 2 containers at the month report and the western estate of the charlotte had c received the containers, which had been declared as semi process of talk stones from afg

so it's boeing known for having military aircraft besides just, you know, planes. it can be also for passengers. there's this a new kind of area that they're branching into defense. and whether it's one of their biggest areas of inc. technology though they did it because boeing is not just but building it's been building defense aircraft in machinery. it's just building a space ships. and so they're very, very diversified when it comes comes to this. but this is a small. busy assembly plant, it's only going to employ about 300 people, but boeing already has a very large presence in australia with a plant that has about 3000 people, or they work other where they manufacture other parts for other commercial aircraft . okay, so i've already got that. okay, so that is that the reason why you think the boeing picked australia because they already are familiar with the officials and the laws of the land? i think that's part of the reason, but i think the main reason in this particular case is because australia is the one that's buying these drums well, and you have to lo

plus, boeing hitting head winds. one of its customers walking away from an order and later, a finger licking freak out. we start off with another record run for apple. shares jumping more than 1.5% after the company announced its next product event will take place one week from today. adding 40 billion to apple's market cap today alone what is your read on apple's big move, guy? >> i can't wait to the 14th, mel. you know i'll be locked into that apple as i've always been in the last decade we actually say cueing up, but that's neither here no there what do i make of it apple's impervious i always rail against central bankers. passive investing has been a great thing for the market it looks past all the bad news the market kocontinues to ratcht higher the big winners have been etfs apple is in about 320 or so etfs 247 of which have apple in the top 15 holdings. almost by definition, with that passive money coming in, apple's going to be the beneficiary. it's a great thing dan will correctly point out that since septem

you are a former president of boeing china. we get clarity on whether we will get recertification of the max and you have a huge timeframe you are talking about. when you think comb mac will be a serious competitor? it is a duopoly at the moment. when you think that changes? marc: the max has returned to service and over 140 countries. you asked about the china market. we had a test flight in the middle of august and we continue to work very closely with the regulator on all of the technical elements that will lead to certification in china. as we do all around the world we follow the regulators lead and we are making confident progress in a number of jurisdictions. just received india, just received singapore. we see the max strong on its feet and we are pleased about that. go again with the second question. guy: it was about the 10 year to 20 year timeframe you're talking about for this forecast. i'm wondering if that includes the fact it is no longer going to be a duopoly, that ultimately you will see comac coming into the m

. >>> breaking overnight, allegations of a stunning betrayal by a top pilot for boeing. did he deceive government regulators looking into safety issues with the 737 max jet? the plane involved in two crash disasters that killed more than 300 people. this morning the reported confession. >>> a crucial day in the pandemic. fda advisers meet to discuss who if anyone should get booster shots. what we're expecting today and the new data. >>> where's gabby petito? the search for the florida woman last seen on a road trip with her boyfriend takes a new turn. police now revealing two women were murdered not far from where petito traveled. >>> abc news exclusive. singer r. kelly's longtime assistant speaking out as her former boss stands trial for sexual abuse. what she's revealing about kelly's behavior at home. >>> and accuracy at the drive-through. the new way to make sure fast food chains never mess up your order again. >>> good friday morning, everyone. i'm andrew dymburt. >> and i'm faith abubey. mona is off. and we begin with breaking news. a new crisis along the southern

big piece of boeing news.s this year, folks for the nasdaq. that does it for me. liz back tomorrow. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so we begin, what did they hide and when did they hide it? key democratic committees, house ways and means and senate finance are marking up massive unheard of spending and taxes plans right now as we speak. but they're not telling the public what they're really up to. so the answer to what do they hide and when do they hide it is, they're hiding it right now but information is startingo

amazon, boeing and other companies — safely. amazon, boeing and other companies are _ safely.zon, boeing and other companies are working with the i companies are working with the aviation regulator, shaping rules that may one day permit drones to transport human passengers. it transport human passengers. ut doesn't know if it's carrying a camera or a human in a drone taxi. after i go on a simulator, i don't think i should be flying any precious cargo. i don't think i'm going to be coming for anyone because myjob anytime soon. i'm quite nervous even though isn't real! i'm going to try to get through that without crashing. argh! 0n through that without crashing. argh! on a similartheme, through that without crashing. argh! on a similar theme, let's talk about how your deliveries are going to be dropped off in future. will it be by drone? by cute delivery robot? 0r dropped off in future. will it be by drone? by cute delivery robot? or by an overworked human driver? they've found a way to combine all three. the academy of robotics have treated a self driving electric delivery vehi

plus, boeing hitting head winds.er, a finger licking freak out. we start off with another record run fo

we look at decisions from the be away -- the boe.ands it off to other central banks around the world, notably the boe, with a decision out at midday local time. at least modest optimism continues in the asian session the pb eoc coming in with a $17 billion net increase. the central bank tries to ease the concerns around the property developers and stocks rally in. the context is in terms of a significant drop for shares. in terms of what else is happening, futures in the u.s. are in the green. closing up about 1% on wall street. futures in the u.s. pointed up by about 0.3%. goldman sachs predicting you could be seeing $90 per barrel for brent if there is a particularly cold winter. the bloomberg dollar index is on focus on the back of the fomc, close to a new record high for the u.s. dollar. let's get back to the ever grand story. policymakers are beginning to examine what went wrong and what the implications are for the wider chinese economy. for more, we are joined by finance professor at peking university, and someone who is on th

boeing is sasquatch, basically. if you look three to five years out, would hope it is a grim memory, when the middle class all of the world is for more airline seats, i think boeing is one of the few attractive pix in the market today. tom: is it a cyclical? chris: it didn't used to be. if you do a regression analysis, and the last few years, it correlates very closely with the airlines read but for the five or six years before that, it does not. in other words, in good times, when we don't have a worldwide pandemic, boeing is not a cyclical. it is a world leading manufacturing company that has terrific margins and terrific returns on equity. so i think it is a chance to buy a great company that is being labeled today is a cyclical. lisa: when you talk about being a bull in this environment, it really does come down purely evaluations in addition to a fundamental story. but how comparable is a relative value story at a time when people think aunt yields are going to go up, at a time when frankly there is so much eco

the pilot served as a lead boeing contact to the faa. they did reach out for comment but received no response. >>> the giants suddenly staring at a tie for first place in the division with two weeks left. yesterday's game at oracle not so hot. the padres beat the good guys 7-4 to split the four-game series. game back in the division race. the giants start a weekend series with atlanta at oracle. watch it tonight only on nbc bay area. coverage starts at 6:30. >>> the pride of san mateo county tom brady answering a question that gets more and more realistic each season. can he play until the age of 50? that question asked by his true football sidekick gronk. >> you're 44. six more years. >> i think -- i mean, i don't find it so difficult. plus, in florida it's kind of a retiree state so i feel like i can play and then just glide into retirement. i think i can. i think it's a yes. >> you know, there's a little spin to that question. i think it's will gisele let tom play until 50? >> i like the way he explained that. it's florida, right. so

boeing's pritikin that china will need 8700 new aircraft, doubling -- boeing is predicting that chinaill need 8700 new aircraft, doubling the size of its fleets. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i ritika gupta. this is bloomberg. ♪ es. i ritika gupta. this is bloomberg. ♪ >> i think it is clear we made substantial further progress on achieving our inflation goal. this also been good progress towards maximum employment. we continued to improve moderation in the pace of asset purchases. jonathan: boilerplate stuff from john williams, the new york fed president. good morning. tom keene, lisa abramowicz, jonathan ferro. equity futures down 37. yields are higher by five basis points to 1.54%. crude is positive, stronger to $76.26. euro-dollar -0.1%. a cyclical twist to this market in the last several days. tom: i like that phrase. i think that is very accurate. nasdaq 1.54% of the negative as well. you wonder where it will settle. jon, 1.5 4% is unimaginable months ago. the bulls ar

no surprise airbus is doing better than boeing, given the fact that boeing has had a number of issuesnt that we will see steady, continuous growth and basically a doubling am the global fleet over the next 20 years back to you. >> right now, do you think that airbus will continue to have an advantage, phil? kills me. >> on the narrow body? >> for the near term. >> in the near term, they do have an advantage because you have boeing that is still get ing back from the 737 max. it's lost a fair amount of market share there remember, the max is not flying in china right now that doesn't mean that chinese airlines are abandoning boeing they're not doing that, but the longer it takes to get the max back into service in china, th greater the opportunity it is for airbus to say to the chinese government, look, take a look at our a320 they already know about the a320 it's not like it's an unknown quantity certainly right now airbus has an advantage in terms of the narrow body market. >> it's so important you think american industry and, you know, there's only three or four companies like boein

. >>> boeing standoff with a customer coming to an end. ryanair has broken off talks over the purchase of 737 max jets worth tens of billions of dollars. they could not agree on price. despite that blow, boeing won ad you can see how the stocks are reacting in extended trading >> not much. boeing down a bit. contessa, see you back in a few minutes. thank you very much. >>> let's kickoff the market week with stocks at record highs and some economic data weaker than expected lately and september in a volatile month. lee baker is the president of apex financial welcome back to "worldwide exchange." we hope you had a good long weekend. let's get real in the fall what are you expecting for the markets that are currently standing at record highs where do we go from here >> i think for here for the rest of the year, i would say expect volatility disappointing jobs numbers we also got the issues contessa talked about the fact that the unemployment benefits will go away. i think what that will ultimately do because with most of the benefits, you ha

boeing is sitting at the top of the dow, boeing up 3% after the department of defense awarded aircraftow-on contract valued, could be as high as 23-pointbillion. the contract requires boeing to service various air force fleets. military contract, big knows for boeing a dow component. big tech is the big loser this week really in general. microsoft and google both down since monday, really under pressure microsoft down 3 1/2% and alphabet 5%. our "countdown" closer says hey, buy on the dip. get your hands on the tech titans while on sale. we have sylvia jablonski defy joins us now. you know i love tech. talk about the technology. with the higher yield environment out there ththat's been a big hit on tech stocks and we're seeing that again today. >> hi, great to talk with you today. i think that you know, the move in the yield is sort of irrelevant at this stage in tech. the market seems to be overreacting to it. part of pullback is the september doldrums and new drama on yields. the fact if you look at tech companies, particularly names like microsoft, doing 60 billion-dollar buyback. d

that's the situation from the boe, a hawkish stance from the central bank.ac 40 is down .4%, still waiting to see the action on the dax. it is the politics that takes front and center there two days before the election. we'll cut of coalition will be get and what will that mean at of europe's largest economy? the session in asia was a mix. you had strength coming through from japan, getting more than 2% in terms of the nikkei. but china was lower generally across the board, pboc pumping liquidity into the financial system, as you say, the concerns around evergrande have not dissipated entirely, but it seems investors are moving on that story at least for now. there's another bond papers coming up that will be in focus next week, as well. in terms of how things break across the sectors here, you're seeing a drop of about .3% despite higher yield of bonds, 1.43% in terms of the u.s. tenure. the auto sector is down .3%, losing 34 points in terms of energy. winds picking up, pressure on those energy prices coming off somewhat. let's check in on the map and see h

there's boeing. it is a dow component. is down more than a quarter of a percent, dagen, in the premarket. and those are some of your headlines. dagen: thank you so much, cheryl. futures are mixed after a slight dip following a weak august jobs report. the nasdaq on friday closing at an all-time high, 235,000 jobs were added in the month of august, missing estimates by nearly 500,000 jobs. goldman sachs is cutting the u.s. growth forecast, expecting consumers to spend less amid concerns over the new covid variant. this as extra federal unemployment benefits come to an end, impacting about 7 and-a-half million americans. joining me now, morgan creek capital management ceo and chief investment officer, mark usko. joining the conversation all morning long, republican strategist, jonathan madison, and michael lee strategy founder, michael lee. great to see you, one and all. mark, where do you think the market's going given the economic backdrop i was talking about. >> you bring up two important points. one is the bad breath tha

boeing is such a difficult story. why is now the right moment to get involved >> well, i like to tell people say boeing has hair on it. i say, forget that it's sass kwach. there's so much there on this thing. what i would say is take a deep breath and look down the road three to five years. what do you see? you see covid frankly probably being a grim memory by then. you see a growing middle class all around the world that needs more and more airplane seats and best of all you see an industry that has only two big players in it that can build the big airplanes. so, boeing remains investment great. and because of all this hair, you can buy it for half the price you would have had to pay during certain moments in 2019 for example. >> right >> so, it is a stock where people are still quite fearful >> exactly i was going to say boeing's probably a great example of what that looks like in practice. but your other one, explain to me, disney is hardly a name people are fearful about the pe is around 50. >> the pe like a numbe

the pilot served as a lead boeing contact to the faa.ut to the pilot's tern for comment but so far have not received a response. >>> developing now a south carolina murder mystery is getting even more bizarre. prominent attorney alec mur doff was -- has surrendered after investigators say he allegedly tried to stage his own murder. he's charged with insurance fraud and filing a false police report. he was shot in the head september 4th. three months after his wife and son were found dead in the family home. his attorney says he was depressed and hired someone to kill him because he believed his insurance policy contained a suicide clause. >>> one of the first known victims of team usa doctor and sexual predator larry nassar speaking out. sara cline says she was first abused in 1988 when she was just 8 years old. she attended this week's senate hearing that included a hearing powerful testimony from olympic gold medalist and other gymnasts accused by nassar. cline is the pillar of support for younger usa gymnastics victims and say they st

by the boe in 2022. you are seeing gains on the ftse 100.seconds for the cac, up 0.8%. we had the cpi print and ppi as well coming in slightly below estimates. in terms of spain, you are looking at gains of 0.8%, 70 points on the ibex. let's have a look at what is happening across the sectors. the energy price is back in focus in terms of the record highs in the u.k. in terms of gas prices. we talked about the utility sector and more of those company's are going to the wall on the back of these high energy prices. utilities getting two points. banks, again, you are looking at the 10 year yield, 1.53. the beneficiaries of this, even as tech sells off in the u.s.. technology in europe getting come up 1%. upside for -- technology in europe gaining, up 1%. francine: european equities opening higher after a rebound in u.s. tech stocks fizzled out to see the nasdaq closed to a third consecutive laws. investors contending with weak data out of china, skyrocketing energy costs around the globe. jay powell and others insisted that price increases wou

does this shift the needle for the boe?is definitely shifts the needle for the boe slowly and steadily here read the jobs market is evolving as expected, and the forecast for tomorrow's inflation data suggests we may see a 3% print. the markets are pricing in a 50 basis point hike over the next two years. however, we are unlikely to get before next year because the boe may want to see how the economy holds up after the furlough program ends, and given its stance inflation will fall back to 2% next year. anna: that furlough cutting a lot of mentions today. ven ram, thank you for joining us. "surveillance: early edition" is up next. this is bloomberg. ♪ >> this happened with the traditional stock market. >> we have a five-year time horizon. >> the potential for oil prices to explode to the upside. >> this is "bloomberg surveillance: early edition." with francine lacqua. francine: good morning everyone. i'm francine lacqua here in london. here's what's coming up on today's program.

what all this means for the boe next week. joining us is peter schaffrik, rbc global macro strategist. you have confirmed the data we are getting in the u.s., growth scenario. you have inflation expectations rising to 3% in august, 5% in the u.s. what kind of find does that put the boe in? >> one thing more central banks have told us is they think a good part of the inflation increases are temporary. the question is out there whether or not that is true. temporary is relatively -- you can stretch that definition. it could be two years temporary supply bottlenecks. that is obviously putting pressure on it. the bigger question is when you look at temporary factors and non-temporary factors, particularly wage develop in spirit in the u.k. you see -- wage developments. in the u.k. you see wage develop and's. next week, we don't think any of these things matter. we don't think next week we'll see any significant change. for the medium-term this will become a story. guy: there is a move in the market to price in an earlier rate hike

we're starting off with boeing shares rallying more than 3% today.at do you see >> i like it i also like that air force contract of $23 billion. the sense that people at some point have to come back in and this order book is out there i think boeing has struggled it's at the top of the trading range. you break above, and the chart looks interesting. >>-looking, 279 is the price target tim is right to point out it's been in this range for a while there is some tailwinds now and some blue skies. i like the call. i don't know if we'll hit the 279 level, but through 235 i think has room on the up side. >>> karen, this is one of your favorites, what do you make of morgan stanley here? >> yes, i lie morgan stanley if you read the report, the target is 112, i mean, to me, i look at one of the things they're talking about is that it's been so good for the investment banking capital markets bit. that part is true. that part of the business gets a lower p.e. multiple. the other parts of the business, remember, they did the acquisition of e-trade last year, and

stuart: boeing a down stock. down nearly 2%.50 points. >>> another country now trying out a four-day work week, just as a national policy. we'll tell you which country we're talking about if you can't guess from the video. >>> at least 1000 schools have closed, excuse me, because of covid since july. college students say they need to be in person to learn. watch this. >> do you think you will have a better, easier chance of learning if there is teacher in front of you like being in classroom, lecture hall, whatever it might be. >> definitely. you're much more engaged. >> not there typically, not there mentally. stuart: got that right. mike gunzelman will hit the streeted and file the report shortly. americans desperate to leave span stan have been grounded for days. looks like a hostage situation. we'll get a report on that coming up. w how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. ♪ ...and i'm feelin' good ♪

the fed and the boe turning a little bit more hawkish. stocks are higher.lix: it seems like the path of least resistance is inflation and equities. the s&p up 1%. you have a huge rally in the financials. a great quote yesterday said we are trading like a reflation trade, except for the bond market because you had that flatter yield curve, the shorter end coming up a little bit on those taper indicators, as well as potentially bring you hike into 2022. now we are getting a pretty solid selloff on the back end of the bond market. this is nothing compared to what we are seeing in the u.k.. short-term yields flying higher, up by about 10 basis points. dollar a little bit softer, also because you're getting some strength in the cable rate. strength and the pound, i should say. the vix under 20. we got through it. there were no crazy surprises. we are set up for maybe one hike in 2022. we will see, but the transition seems to be set. guy: this was exactly what the script said, and it was delivered upon. as a result of which, the market is moving on from taper to

shares of boeing rallying 3% today.more safe re-opening plays, banks and some of those energy names, whether they're safe or not but with different characteristics. but clearly a bit of room for the likes of boeing. >> and boeing, of course, it really does just trade very sensitively to every marginal expectation for the travel miles and the airlines i do think if you look at the airline stocks they have had a little spurt higher recently as well the goldman sachs lockdown measuring any restrictions is pretty much at the lows for this year it seems as if the market's pretty much gathering itself for another little burst higher in travel volumes right or wrong, that's definitely the way things look right now. i would doubt that airline stocks become leaders. the real absolute epicenter of a crisi crisis-type stock. they usually have this massive relief rally but there's room within that to actually have them perform decently here. and boeing is trapped in this range. >> mike, two minutes to go we've lost a lot of the gai

boeing is making a bet on travel come backs.the they said the industry has lost two years of growth due to the pandemic. it hasn't under cut the need for thousands of more fuel efficient air craft. they said it's more encouraged by the rate of domestic travel. >> thank you. we will see you again when the stock market opens. >>> good news from the cdc this morning. california no longern has high community levels of coronavirus transmission. the golden state is now the only state in the country to have its risk level lowered since the spread of the delta variant. the positive rate is now 4.4%. the number of eligible people who have gotten at least one dose of the vaccine more than 82%. health care systems throughout the south are being pushed to the brink. a majority of icu case across its south are nearing or have exceeded full capacity. in west virginia the number of patients in icu has reached a pandemic high. >>> starting today health officials will require that all hospital, nursing home, jail and shelter employees be vaccina

remember, though, that faa bet t boeing certify the jet on their own.ell, the victims of scheme received 558 million from justice department. more than 3.7 billion has been given in victims and he died behind bars back in april. finally there's this, maria, ford is looking to hire more than 400 new workers to keep up demand for f-150 lighting trucks. car maker investing $250 million to ramp up production as it looks to produce 80,000 trucks this year. lighting set to go on sale next year. 150,000 reservations taking a look at the stop in the premarket fractionally down, maria. those are some of your headlines right here from where the city that you can't go out to eat because it's not safe. i was there, maria. can i just tell you i was there that afternoon. it's just -- maria: that day. cheryl: yes, i was there that day. i can't believe what is happening to the city. maria: it's really scary to hear the story. thank you, cheryl. a federal grand jury has indicted a former attorney for the democratic national committee. told the fbi that the trump organiz

you can see those two lines, they are literally like parallel lines, you've got boeing, versus carnival all airlines, they're identical, meaning there's nothing idiosyncratic about the way ccl is trading, versus, could put norwegian cruise line on there or royal caribbean or boeing the point being that they're all sort of stuck doing nothing, and i think that's what's going to happen look at the second and final chart. that's just ccl itself so we know this was 7 on the pandemic low it rallied as high as 30 depicted here in this chart, and now we're just sort of wallowing. i don't think there's any big movement coming. >> very interesting. okay, some wallowing in the cruise lines or some of these other travel plays as well >>> up next, something to chew on we'll explain, but you're going to have to stick with "options action." we'll be right back. >> announcer: "options action" is sponsored by think or swim by td ameritrade. ♪ ♪ ♪ ♪ (man) so when in doubt, just say, "let me talk to my manager." next, carvana's 100% online shopping experience. oh, man. carvana lets people buy a car-- get

the catalyst for boeing is recertification for the max.to be recertified by the end of this year however, there will be political risks because we're seeing a lot of political issues with china and the u.s. right now we expect the max to get recertified. >> you picked cisco as well. and your notes say it's the poster child for the reopening child which boeing seems more the poster child for reopening than a cisco or any of the airlines or hotels or casinos. why cisco? f. you look at cisco's revus they are tied to commercial and enterprise as we go back to the office that's a positive for cisco. also a strong bags with webscale that's a positive for them they have the margin expansion with software increasing as a percent of their revenue stock ended down today because they guided to 5% to 7% revenue and earnings growth. we think that really they are undersmath margin expansion and earnings growth could be closer to 10% as they grow their software business and enterprise and commercial rebound >> thanks for joining us >> thanks for having m

it is helpful to boeing. it sounds cynical. if forkner is convicted, it is helpful to the management of boeing >> they can throw him under the bus? >> the previous man. >> over there. they can point over there. >> they must have a paper trail. there has to be something where he says you think back to saying one thing publicly and saying something else in email. >> mark forkner was one who said different things this emails in terms of reporting suggesting that he lied and knew he was lying. >> so "the drudge" has our story. we don't get the lead story in "the drudge. fed under ethics review. it is cnbc congratulations, thomas frank. another big story this morning >>> the federal reserve finds itself in the middle of controversy. this is something we have been talking about for at least a week since we first heard about kaplan trading stock by fed officials jay powell ordering review of the financial activities following disclosures of several senior officials made significant stock trades or held large stock investments. senator

this international 169 people in fact, deposit on this, boeing triple 7 on the way to door before flying on to various countries. all of them had foreign passports, or these is allowing them to enter these other nations. they came through the international terminal here behind me, the 1st time it has been open since to tell. yvonne took over and it was a very normal process. they came through. they had, they got tickets, although they were hand written tickets and then they moved to immigration. they showed their passports, they went through security and then they will bus to the flight. results from morocco's parliamentary election point to big gains for liberal opposition parties . the governing justice and development party has suffered a crushing defeat for the prime minister, losing his own feet. break and is planning to use so called pushback tactics to turn back illegal migrants on both trying to reach its southern shores. more than 14000 people have cross the english channel this year, migrants get on the bows from france and then try to cross one of the world's species shipping

do have at the moment, lockheed martin up 1%, yet boeing up 1.25%.also rocketing higher on a new deal with nasa the space agency awarding the drone software provider a five-year contract to provide drone and rover support for upcoming simulated mars mission, look at that gain, 51% it's a $3.64 share of stock, but nice move we'll take it 50%. not to be left out rocket lab also going full throttle the rocket launcher landing a $24 million space force contract to build the upper stage of it new drawn vehicle rocket lab. that sounds too cool. okay? so rocket lab is jumping a cool 2% as blue origin giving its own booster to the space sector, jeff bezos start up saying today , it will make its next man ned sub-orbital flight on tuesday, october 12. space tourism rival virgin galactic though losing steam in the past hour, right now we do have virgin down about half a percent, rocket launcher broadband satellite competitor ast right now up 3.6% for ast, astra up half a percent. american express under fire for promoting critical race theory among its employee

a lot of people thought in congress that leaving rockets to ula and boeing was the way to go. >> youand some of these skepticism of handing over the u.s. launch industry to the techno king. but the fact of the matter was, you know, a lot of people in congress were trying to protect the interest of boeing and lockheed and spacex was coming along and trying to disrupt that and trying to toss the apples off the cart, if you will. and they were succeeding with the falcon 9. as they went along doing these things, like trying to reuse rockets, congress was not supportive by and large. >> well, one of the reasons that they were able to succeed, spacex was, was because of the commercial -- was the commercial orbital ship to which president trump took a lot of credit during that launch of the first private astronauts. but, in fact, it was long before president trump. >> yeah, there's no question spacex got a lot of help from nasa along the way. they got their first grant back in 2006. and then in 2008 they got a commercial resupply services. that was an operational contract to deliver cargo t

boeing says a coordinated global approach to easing them is "tremendously importa nt".'s and women's national teams in an effort to resolve a long—running dispute about equal pay. the federation said it believed that a single pay structure for both teams was the best way forward for the future of the sport. voters in california have been deciding whether to remove their governor, gavin newsom. the recall vote comes amid republican anger over his handling of everything from covid to wildfires. but he also enjoys wide support in the heavily—democratic state. as sophie long reports, there may be some strange contenders to replace him, but the result could have serious implications — notjust for the political future of california, but for the whole of the united states. people want regular people as politicians, not these slick, overly—produced people like gavin newsom. he is a disaster and ruining the state. i'm just disappointed with the way the state's being run. the list of reasons his opponent cite for un—electing governor gavin newsom is long. california is facing ext

taking care of the indexes in august today, deere one of the biggest losers boeing, toolworks.s heavy i think it's a plausible case we're in nor a staticy period in terms of growth, what the globe can deliver and what that means for nusmbers. i don't think it's fresh news necessarily in every respect of the market. >> it does talking about this quite some time that push/pull between reflation trade and i guess the more defensive growths or -- big tech growth trade that we've been seeing play out and continues to be prevailing, to your point it does sort of speak to, what's next in the midst of this economic recovery is it the idea of a low interest rate environment pre-covid again? or is it going to ultimately be more of this reoperationreopera- reflation trade? you mentioned boeing under pressure one of the worst performers in the s&p and particularly in industrials and also weighing on the dow as well, and you've got ryan air, boeing's biggest customer outside of the u.s. saying it's going to walkway from talks with boeing over potential new order for that 737 max because of

tom: simon french making the case for two hikes by the boe next year. economist, panmure gordon & co. let's get the bloomberg business flash. laura: discounted properties to repay for billions in investment products. evergrande will hold an online property event by september 30, offering real estate instead of paying retail investors in cash. piers morgan has signed a series of deals with rupert murdoch's media. he will have two weekly columns for "new york post." the tv show will air in early 2022, and will be broadcast on a new channel. will you be tuning in? tom: not necessarily my cup of tea, but i wish him well. back with murdoch, where he started. thank you very much. coming up, we chart the rise of so-called influencers, where those on social media platforms offer a variety of advice and insights on personal finance. more on that, next. this is bloomberg. ♪ tom: welcome back to the open peer rid 22 minutes into the trading day, optimism in europe. gains across the european benchmark, up 0.6%. a more positive readthrough from the asian session. fu

a boeing spokesman told "the journal" the incident was a personnel matter an air force suppose, persony assured the fllt was no effect on the aircraft modification work >>> president biden called it the silent killer. anybody can be a victim. it can strike any time, and now the administration is making moves to protect those of us who can't escape it. >>> thousands is ever haitian migrants removed from a makeshift camp in south texas. we're on the ground as officials try to determine who gets put on planes and who can stay and plead their cases. >>> and our coverage of the gabby petito case continues. what changes now that this is a federal case and what legal ground do the cops have? those questions as we approach the bottom of the hour and the top of the news on cnbc. >>> it was an ugly day on wall street as stocks tanked, and that's what's topping cnbc's "on the money. you can see deep red across the board. as we mentioned, the dow down 614 at the closing bell. its biggest one-day drop since july the 19. the s&p down 75. worst day since may. tech-heavy nasdaq down more than 2% pelot

. >> all right coming up, boeing lower as its la largest customer ends talk to build jets the trade is next here on halftime >> much needed shot in the arm for the industry top beneficiaries could be companies like brink charging, go, and chargepoint, which are underperforming the s&p 500's 21% gain so far this yr.ea that's your esg fast fact of the day. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in fi