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

i want to talk about boeing and bring in our farmer. steve weiss hates boeing, as you know, but what's your read what's your read on this year to date the stock's down 3.5% one month down 7% and somehow you will come on and tell me everything is just great i'm not going to tell you everything's great and there is a serious management problem here and you can see it when the call starts and when he talks about the vaccine mandates. >> he is dave calhoun, right he is dave cal hurhoun, the ceo, right? >> yeah. serious credibility here, what the investing community wants to hear is when is the 787 going to start getting delivered again. there's no update on that and it's been several months and that's a serious credibility issue. he says that the 737 max is going to be approved in china by the end of the year. that's a milestone that's two months away. okay i'll give him his two months because that's worth waiting for if it comes through this stock will take off. if it comes through they'll start delivering 737 maxes in the first quarter, a

to obtain tens of millions of dollars for boeing. a federal grand jury in texas indicted. 49 year old marc forkner on thursday, alleging he deceived the federal aviation administration, a g, or aircraft evaluation division during the 737 max jet evaluation and certification process by providing safety regulators with material false inaccurate and incomplete information about a new part of the flight controls for the boeing 737 max, called the maneuvering characteristics, augmentation system and cast in turn. the d o j says airplane manuals and pilot training materials like to any references to the cast and that boeing's us based airline customers, are deprived of important information when making and finalizing their decisions to pay boeing tens of millions of dollars for $737.00 max airplanes, prosecutor se forkner abused his position of authority and in doing so, also deprived the airlines and pilot from knowing crucial information about an important part of the airplane. flight controls. to fatal crashes were blamed on lack of pil

i wonder how boeing will capitalize on that.y are converting some of their jets into freighters. how much of the market could they capture, how much of a topline driver could that be? sheila: we think the cargo market is in adjacent market that is helpful but by no means the driver. the biggest driver is boeing commercial, 60% of sales. it is really all about the max. about 20 per month now, slated to go to 31 per month in early 2022. we think producers are in the low 20's, so we need to see china and asian countries start taking in the max to see a pickup. freighter market has been study but we really don't have that as incrementally positive to earnings. alix: we appreciate it. thank you very much. we are watching shares of twitter. the stock is dropping after earnings lagged expectations. we will catch up with cfo ned segal. in the bond market, canadian two-year yields are seeing an unbelievable move right now. huge selloff happening as they are bringing forward their right height expectations by 26 basis points? francine: th

all this as another boeing jet is also facing some problems. the 787 dreamliner. boeing announced this week that some titanium 787 dreamliner parts were improperly manufactured over past 3 years. but that the quality issue does not affect the immediate safety of the aircraft. that said, the f a is reportedly investigating how many plains contain the defective parts that are in operation right now. for r t john honey, russian president, putin as the latest world leader to comment on crypto currency during a recent interview, he acknowledged that crypto not only has value but also has a right to exist. while he said he doesn't see bitcoin replacing the u. s. dollar for trading commodities such as oil just to get. he did know that it is an alternative saying, quote, i believe that the united states makes a huge mistake and using the dollar as a sanction instrument, we're force, we have no other choice but to move to transactions and other currencies. while russia central bank is working on the roll out of its own digital currency, moscow has also

but boeing has experience managing it.ir targets are realistic, while i will say i have been skeptical of 31 a month that they have been talking about for early next year, simply because it looks like they have not been delivering enough planes now. they still have approximately 370 completed maxes in their inventory. so getting to 31 per month, which is what they have said they hope to do early next year, i don't think that is going to happen. alix: walk me through the end user demand. i wonder how it works when you have issues with ramping up capacity. southwest is a perfect example. they don't have the staff to meet the kind of demand they are seeing. how does that filter back through boeing? cai: the way it filters back is they will call boeing up and say deliver them a bit later. clearly, all of these issues, if the customers don't have the folks to fly the planes, that is an issue. if you have supply chain constraints, that is an issue. it is basically one large cycle. alix: thanks a lot , cai. we really appreciate y

thank you very much. >>> it was good news and bad news for boeing. orders outpaced cancellations for the eighth month and delivers of the dream liner remain halted. that seems to be the crux of the investor battle over whether to invest in the stock or not jim cramer remains faithful but the company feneeds to show a level of leadership. so what will it take for this name to catch up shia has a buy on the stock with a $300 price target. where are you? >> thank you so much i'm actually at ausa, the army trade show, and i'm standing behind the manufacturing b 280, which is a big army competition coming up in the spring of 2022. it's an $80 billion program, so it's one of the army's top priorities for its future aircraft >> i thought it was more than just a work from home background or something very, very cool. so tell me, maybe what would be the catalyst for boeing stock to break out from here? would it be dream liner news or more covid related what do you think? >> sure. i think boeing has several catalysts from here. first, total air traffic is 37%

if you're boeing, yeah, you settled. you don't want any more of this out there to be playing in the papers and on tv constantly that you had a test pilot who is accused of lying to regulators they already had this play out once they would not like to see it rehashed again >> phil, thanks so much. and for our viewers, we'll have a few write through on this and all the details up at cnbc.com and on the cnbc app. >>> first, though, officials in mississippi are now threatening to sue one of mississippi's favorite sons. brett favre. an auditor there says the southern miss hero and former nfl star still owes more than $800,000 in welfare funds that he received for speeches that he never gave now, here's the backstory. it's been developing for a while. brett favre got this money from two nonprofits, the founder of the nonprofits has been indicted as part of the largest embezzlement scheme in mississippi history. state officials say the money favre got should actually have gone to needy families in the magnolia state when the sc

, _ undertaking a boeing course which is an introduction, basically— undertaking a boeing course which planning, however not - an introduction, basically flight planning, however not its i an introduction, basically flight l planning, however not its works, what _ planning, however not its works, what to _ planning, however not its works, what to expect _ planning, however not its works, what to expect any _ planning, however not its works, what to expect any plane. - planning, however not its works, what to expect any plane. manyl what to expect any plane. many different — what to expect any plane. many different things _ what to expect any plane. many different things such _ what to expect any plane. many different things such as - what to expect any plane. many different things such as how- what to expect any plane. many- different things such as how weather impacts— different things such as how weather impacts flight — different things such as how weather impacts flight take—off, _ different things such as how weather impacts flight take—off, landing, i different things such as how

that is the storing of boeing. picks up, boeing will do better. >>> a shot in the arm. back in two. today, things can be pretty unexpected. but your customers, they still expect things to be simple. and they want it all personalized. with ibm, you can do both. businesses like insurers can automate it processes across clouds. so agents can spend more time on customer needs. and whatever comes your way, you've got it covered. saving time and improving customer service, that's why so many businesses work, with ibm. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> welcome back to "fast money. take a look at walgreens surging. the big reversal of the company kicked off investor day. there was a new $5.25 billion investment what did you make of this move and the ceo? >> i am long this stock. i think there is some concern about the village md investment. but there

the boe is taking a risk, too.uy: the bank of england's credibility is not great when it comes to promising rate hikes and not delivering. geoff: it is going to be an unreliable reliable boyfriend. the risk of credibility is your tightening into a cyclical slow on the household side. going back to mortgage servicing, if that impacts housing prices, that feeds back into a wealth effect that could impact demand as well. we saw that in the global financial crisis. i would like to see more data on the income side. if the market is roaring and can stand additional hikes, i will say i got it wrong. right now, we don't have confirmation yet. why can't we wait another quarter or two? alix: would you be taking an active position on the market with that? geoff: right now, i think the best view on that apart from pushing back against the december hike is the euro-sterling. on the fiscal side, i thought the view the u.k. was planning more aggressively than europe could result in upward moves in euro-sterling. i think euro-ster

the question for boeing, does boeing know something we don't know?s very confusing, whereas airbus has a more straightforward story, not the idiosyncratic max story. francine: you're absolutely right, and airbus seems pretty confident that demand will pick up and they will be able to sell them, which is why they are telling suppliers full steam ahead. alix: and guy johnson got on a plane, so there is that. we are still awaiting resident biden to speak on the infrastructure spending plan. we will bring you the market action. this is bloomberg. ♪ berg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. >> stock finishing up the day in european trading. this is the picture across the

gm and boeing both out >> hey, joe. is a beat on the top and bottom line. earning 1.52 a share, well above expectations for a profit of 96 cents a share. revenue a little better than expected, $26.76 billion just a smidgen above expectation. 10.9% profit margin for the third quarter. margin is going to increasingly be the story within the auto industry couple other notes they have a $700 million benefit from their settlement with lg chem for the chevy bolt battery fires. they said we're going to take a billion charge over a couple quarters, and then a settlement, $700 million benefit there the company is saying that it is approaching the high end of its guidance the guidance was set just a few weeks ago at investor day between 11.5 and $13.5 billion for the year don't forget coming up next hour, you do not want to miss this interview first on cnbc we will be talking with gm chair and ceo mary barra coming up at 8:30 this morning an interview a lot of people will be looking forward to let's shift gears and talk about boe

breaking news about boeing. the former boeing 737 max chief technical pilot has been indicted for fraud. the department of justice said the former pilot allegedly deceived the faa and provided materially false information. this relates to numerous problems the 737 max had faced. it comes on top of other issues regarding the seven or -- the seven 87 dreamliner's. this news coming out of the former boeing 737 max chief technical pilot has been indicted for allegedly deceiving the faa. we will keep an eye on that story. shery: take a look at after hours trading for johnson & johnson as well. we are seeing breaking news they will be forming a unit called ltl management to hold the manage cleaned. the unit will be filing for voluntary chapter 11 bankruptcy protection. for the payment of amounts, the necropsy court determines are owed, they will establish a 2 billion-dollar trust in furtherance. ltl has been allocated to world two revenue streams. to further contribute to potential costs related to litigations in plac

in 2019 boeing received a $4000000000.00 contract to build super hornet multi roll fighters due to be ready by the end of this year. although the u. s. general accounting office has found that 11 similar programs during the last 13 years have proven more expensive than planned or ended up behind schedule. we discussed a story with dave lind off editor of the news website. this can't be happening dot net. every district has some work on these big weapons systems like fighter jets and bombers and, and ships. and so every congress person wants to have some work assigned to their district so that they can say that they created jobs. but it's a terrible plane. and also incredibly expensive, it's the most expensive fighter plane that's ever been built, you know, rather than buying more of those there, there was an effort to get the f 18 updated a bit so that it could be bought. and part of the deal is that if you happen to have more boeing plants in your district than you want the 18 because it's made by boeing, it's all about having jobs in your district that you can brag about it the next

s. navy is asking boeing to stop providing new fighter jets saying it already has enough. although congress wants to keep funding the planes saying failure to do so would put jobs at risk. these critically important aircraft have been part of the fabric of our community for decades. but plans to cut honey for this program, put manufacturing jobs in our region. x risk. although is in the industry's best interest building the ships that you want to build lagging on repairs to ship santa submarines, lobbying congress to buy and cross that. we don't need that access to our needs. it's not helpful. in 2019 boeing received a $4000000000.00 contract to build super hornet multi roll fight is due to be ready by the end of this year. although the u. s. general accounting office has found that 11 similar programs during the last 13 years have proven more expensive than planned or ended up behind schedule. and we discussed a story with dave lind off editor of the news website. this can't be happening dot net. every district has some work on these big weapons systems like fighter jets

. >> meanwhile, boeing is going to open up. phil lebeau has a spect guest. >> on a day where boeing misses, the shares are moving higher premarket. let's bring in dave calhoun. dave, third quarter, you knew this was going to be a challenging quarter. do you feel like, okay, i can see some light at the table, whether it's the 787 dreamliner or other issues? >> i absolutely remain a complete optimist. it's important we open with a decent trajectory. i think fourth quarter will get even closer. i am an optimist i'm feeling good about where we are and where the year is going next year. >> the dreamliner, still haven't begun deliveries you are making progress there. what is your outlook for resuming the dreamliners. >> we're following a very deliberate process et cetera, but we dotted all the is, crossed all the ts, and started delivers we're going to do the exact same thing. the max out there is flying like crazy, and it is as reliability as any airplane in any fleet in the world. so i feel have very good about that process i can't

there are seeking airbus and boeing planes.n you would do such a purchase is to take things intercontinental. in amazon's case, to get products from east asia to the u.s. or europe. haidi: does that mean they're looking to increasingly bring more work in house? >> amazon has built a robust internal logistics operation. they can transport between warehouses with trucks and increasingly they're looking to acquire their own planes to move things within their network. shery: what do we know about the relationship between amazon and air cargo carriers? >> it's a little complicated. amazon is ups's biggest customer. they don't have a strong relationship with fedex. amazon will say they need all the capacity they can to grow and they still rely on partners and still have a good relationship with them. haidi: matt day there in seattle on those changes that amazon. jp morgan saw dealmaking almost triple. helping the bank beat estimates to just under $12 billion. jamie dimon says the bank will spend whatever it takes to keep up with the

awry, it's a boeing moment. they have to start using it as a descriptive. what do they have going this weekend? we'll play it out. >> i'm going up to boston. >> you probably not might be boeing the loss to the eagles that's a boeing moment for tepper i had a boeing weekend. >> it wasn't the only news this week the journal with that piece about -- actually the statement from the company about the 787. >> why do you still own it in your charitable trust? >> because if the chinese place the order, if there's a recognition there's nobody left to indict or go after, bud to this a runaway jury? >> in the early days of self-flagellation? >> you know what you have stowed they have to sacrifice some people faa, anybody has beewho touched 737, they're gone. i think it has to be a root and branch purge you could do this. david, you can't have a product that was defective, where people knew it was defective, okay? and prosecuted for fraud, because they didn't -- what they did is they didn't want to have to have people be tr

the jets were grounded for almost two years costing boeing more than $20 billion.ar son threatening to prosecute the st. louis post dispatch. the paper revealed a security flaw on the state education department's website that had exposed the social security numbers of 100,000 staffers, but two days later the governor lashed out. >> they were acting against the state agency to compromise teachers' personal information in an attempt to embarrass the state and sell headlines. >> now, the newspaper disagrees here, saying it informed state officials after discovering the vulnerability and delayed publication to give them time to fix the problem. >>> a once prominent south carolina attorney embroiled in several scandals has now been arrested again. alex murdaugh is set for a bond hearing on charges he swindled the sons of his dead housekeeper. he's accused of pocketing millions of dollars in settlement money intended for the family of gloria statter field, the housekeeper. she died after what was described as a trip and fall accident at the murdaugh estate back in 2018.

what does this tell us about the conundrum for the boe?on gauge has hit the highest since 2008. money markets are pricing two rate hikes next year, the boe did not rule out raising rates before the end of the year. you also have the furlough scheme ending last month. this month is a crunch when it comes to data. we will see how much is the economy recovering, and what the boe needs to do to supplement that. dani: thank you so much. that is it for us. equity markets continue to turn lower as we get further into the trading day. the stoxx 600 down nearly 1.5%. "surveillance: early edition" is up next. francine lacqua will walk you through that from paris. this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join

officials at the boe talk about the need for a rate hike to stem inflation.hat focusing on the u.k. next. this is bloomberg. ♪s is bloomberg. ♪ tom: welcome back to the open. 11 minutes in to the european trading day. currently, the european stoxx 600 is flat. gains in the u.k., 0.2%. let's take a look at what is on the move this morning. anna: we go straight to some of the things that the ftse 100 specializes in and that is the mining sector. the outperformer's explained -- the outperformance on the ftse 100 explained by the miners. benefiting from the ongoing focus on higher prices. anglo american up. the mining sector in focus in the ok you -- in the u.k. tom: looking at these corporate's in terms of this theme around inflation and cost prices. asos down nearly 14%. the ceo stepped down. they are talking about disappointing targets and supply chain constraints. really investors feeling the impact of that this morning. and the flipside to what we are seeing in the energy space. anna: total energies in paris is focused, 83.74 is now the print -- brent price.

it is aimed at research, industrial, international, and commercial customers, the team includes boeing, sierra space, and some universities which plan to have the facility up and running by 2030. >>> the founder of the shape or company spanx is now sharing the wealth , sara blakely just sold a majority stake in her company to the global investment firm blackstone. the deal values her company at $1.2 billion and she figures there is plenty to go around. >> to celebrate this moment, i have purchased each one of you two first-class tickets to anywhere in the world. [ cheers and applause ] >> your each getting also $10,000. >> that is some pocket change. cheering, crying, some in disbelief as everybody is celebrating the gift emboss. she is seen here on cbs mornings founded spanx in 2000 with $5000 in savings you earn by selling fax machines . under the new deal, she will maintain a significant equity stake in the company and becomes executive chairwoman on the board of directors. great for her. and employees. time for a look at the forecast. >> nice to see somebody doing that instead of a

a lot of people felt leaving rockets to ula and boeing was the way to go. >> you can understand their skepticism to handing this over to the techno king. he's had that outsider personality. the fact of the matter was a lot of people in congress were trying to protect the vested interests of boeing and lockheed and spacex came along and was really trying to disrupt that and throw that, you know, toss the apples off the cart, if you will. they were succeeding with the falcon 9. as they went along, you know, 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 orbital -- cots, to which president trump took a lot of credit during the launch of the first private astronauts. cots was long before president trump. >> yeah, there was no question spacex got a lot of help from nasa. they got the cots award in 2006. and in 2008 they delivered cargo to the space station. you can look back under cots and that started under the bush administration. the obama adm

boeing taking a more cautious route.ustainable aviation fuel being the way forward, at least in the medium-term. then we migrate to other technology down the road. it will require a lot of innovation to get to the hydrogen story. alix: a hot -- aside from the hydrogen story, saf, that is great. there's not enough supply in any shape or form to supply the needs we need to see. guy: that is a huge problem. willie walsh at iata was getting hot under the collar because europe will mandate how quickly airlines need to increase the amount of saf they put into the mix. you have stable aviation fuel, you can mix those up, it will be mandated, where is the u.s. is trying to increase supply, which feels like it may be a better way of going about it. alix: it is also why carbon offsets are still necessary even though we can make fun of the fact you take a plane and you plant trees or you do not cut down a tree and that helps. that is a real thing for an industry like the airlines. they may want to do the right thing but they cannot

>> it is tough for the boe. rising concern about inflation.eginning of the year, everyone said it was transitory. people saying you can hope by october things would get better, not worse. things have gotten worse, everyone is concerned about inflation. however, as andrew bailey has said, they cannot put petrol in petrol pumps, it cannot put lori drivers into the u.k. workforce. so they should not be making policy to respond to the current inflationary situation. their job is to look at what inflation will be doing and respond to it. clearly they are increasingly concerned pressures will push wages up, in turn pushing inflation up over the medium term. rising inflation expectations from the household. and things look a little bit high above target history, therefore we need to raise interest rates. the question we get is when they do it. do they wait until february and proceed calmly, or as they have hinted, do they go even sooner? dani: money markets certainly putting an estimate they will indeed move this year. you even brought your forecast

andrew bailey says the boe will have to act.ar treasury yields the highest since february 2020. plus, gridlocked. global port congestion threatens the holiday shopping season. manus, good morning. it is all about bonds with perhaps a healthy tinge of commodity moves as well. what caught my eye this morning is the global macro movers. if you look at that screen, we have two nice black boxes on your bond screen. it is aussie, it is kiwi, and that means it is a more than three standard deviation move. could this be a coming bar shock if this spreads globally? manus: yep, we just have a conversation with scott from blackrock. he talks about the violence the past couple of weeks, he thinks inflation will top off. this is the narrative, martin malone gave it to us last week, be careful how you anticipate the bar shocks to come. blackrock believe we will top out in inflation. the violent repricing we have seen perhaps will not endure. the u.s. way ahead of itself. i think we are juxtaposed between the risk of handbrake turn, the risk o

boeing reporting 111 jet orders, 85 delivery for the third quarter.he numbers in more detail are on the website for boeing. 26 of the 737 maxes in september , 62 in the third quarter. the issue is that they are having to push out the 737's as quickly as they can come up it they are slightly struggling to do so. but the seven program is still effective from a delivery point of view which is going to be a huge cast drain -- cash drain. we will talk about the green bond story in europe. we will go back to bilal. that is coming up in a moment. this is bloomberg. ♪ guy: in london, i'm guy johnson. alix steel is in new york. this is the european close, here on "bloomberg markets." a blockbuster debut for the eu green bond. it saw a record 100 to $6 billion worth of orders, and it is just -- record 130 $6 billion worth of orders, and it is just the first of european green bond sales in the coming years to drive a transition to a sustainable future. we are joined now by jill ward, bloomberg fx and rates reporter. did it live up to expectations? jill: thanks f

imagine taking an airbus a380 or boeing 777 on a journey and then throwing it away after a single use. that is what the space industry is doing now. you don't have to have the materials cost come of engineering cost to rebuild it, which baisley means most of the launch cost rides in the fuel. in this case, a mix of liquid hydrogen looks it i richard and -- and the good hydrogen, the byproduct being steam. alix: it looks like we are getting eminently closer to opening the capsule doors. very excited to see how they all emerge from this experience. do we have any indication on who is next? does this go up again? if the going to be another trick in here? ed: it is interesting. blue origin, we know from bloomberg reporting, from other media reports, internally, the engineering teams are under intense pressure to ramp up activity. jeff bezos over the last two years has not been happy at the rate of launch that blue origin has been deploying forget that is not just with this space tourism product, but across all business areas we discussed a moment ago. it is really hard to gauge the demand

hundreds of boeing workers have staged a protest over the planemaker's latest vaccination requirementshat it will require its 125,000 us employees to be vaccinated by december eight. the aerospace giant is complying with an executive order by presidentjoe biden, requiring federal contractors to make vaccines mandatory for their employees. the uk chancellor rishi sunak is considering a cut to the 5% rate of value added tax on household energy bills, according to the financial times. such a move would come at a cost of roughly 1.5 billion pounds, or 2 billion dollars, but would allow prime minister borisjohnson to deliver a supposed brexit dividend and help families through a tough winter. some conservative mps have demanded sunak reduce the vat rate in his october 27 budget to show the government is responding to a looming cost of living crisis. joining me now is russ mould, investment director, aj bell. energy prices soaring is a huge worry, so this could be a big boost? i think the chancellor, if he decides to go down this path will be able to pitch this is good politics because it sh

. >> let's turn to boeing. moving lower after missing on both the top and bottom lines. phil lebeau speaking to the ceo dave calhoun earlier >> this was not an earnings report that boeing investors will like. when you listen to the analyst call, you kind of came away going, okay, when do things finally start to improve here? take a look at some of the things that came out in boeing's conference call and in the third quarter earnings you have them restarting 787 deliveries when well, dave calhoun told me this morning they're not going to put a date on it some believe it may happen before the end of the year they do believe they'll hit their target of 31 per month by early next year. but they haven't received any orders from china. here's calhoun talking with us this morning on "squawk in the streets. without a doubt if i got to the middle of next year and said there's no china, then we wouldn't cut rates, but we would not increase rates at the pace that we would otherwise increase them >> by the way, it is unclear when china, first of all, needs to recertify the 737 max d

. >>> when we come back tonight, the former boeing pilot accused of lying about the 737 max jets. >>> and 38 million views. adele's new song and what she's revealed. 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 filipino: you'll always be in my heart. to be a thriver with metastatic breast cancer means asking for what we want, and need... and we need more time. so, we want kisqali. living longer is possible and proven with kisqali when taken with a nonsteroidal aromatase inhibitor in premenopausal women with hr+, her2- metastatic breast cancer. kisqali is a pill that's significantly more effective at delaying disease progression versus a nonsteroidal aromatase inhibitor alone. kisqali can cause lung problems or an abnormal heartbeat, which can lead to death. it can cause serious skin reactions, liver problems, and low white blood cell counts that may resu

manufacturers including general motors, general electric, 3m and boeing face logistics headaches andpersist into next year. on the other hand, big tech firms are powering ahead reporting strong earnings. joining me now is fiona cincotta from city index. it seems like at the moment in terms of earnings, there is a two speed situation from attack in the fast lane and everything manufacturing struggling like manufacturing struggling with these pick—ups. —— tech in the fast lane. with these pick-ups. -- tech in the fast lane.— the fast lane. correct, so what we are seeing _ the fast lane. correct, so what we are seeing is _ the fast lane. correct, so what we are seeing is companies i the fast lane. correct, so whatl we are seeing is companies and manufacturers very much struggling to bridge that difference and gap between supply and demand of parts as economies reopen. so that is being reflected, we are seeing that in part in shortages, and that in part in shortages, and that as well as hitting profits in these companies, so if we think about boeing, for example, they missed their revenu

i beat myself up with boeing where is it?ipped myself but oh, shoot, okay, that is how i feel and then disney entertainment, travel trust name. and retail, web services, entertainment and yes, aero space but you have to put the planes up in the air and then bank and auto. terrific i'm lastly going to betty in florida. >> good evening, mr. cramer. i'm betty from florida and i thank you very much for taking my phone call. i'm calling to ask am i diversified. i have stock in csx, pfizer, robinhood, zimmer bonnet and eaton corporation. and i do have one quick question, could you give us seniors advice on putting money into a stock that would deal with artificial intelligence thank you very much. >> i gotcha. we're going to do both of those things csx reports next week. it is going to be okay not great. and robinhood could go down and eaton had a good quarter not a great quarter. pfizer is good but it doesn't do as well as eli lilly and zimmer bio med is artificial knees and great parts of your body that you need and they've got t

nasa and boeing officials said it's now slated for mid2022. >>> time is 5:22. on kpix45 and streaming on cbsn bay area. >> the burrito challenge going viral and putting competitive eaters to the test. that's a bad boy right there. >> that's a big boy. >> we will be right back. snack competitive eaters have a new challenge to sink their teeth into. >> it's the karen. an eight pound burrito. check it out it. includes 16 chicken strips, 16 pieces of bacon and a pound of lettuce. it's all wrapped in four 14- inch shells and if you can stomach it also comes in two pounds of fries. the grand prize for winning the challenge with in one hour, $100. that's not worth it for me. >> i need at least a thousand. >> yeah. at least. >> you need more money with that. >> your stomach. i'm sure it its delicious. >> super good. >>> 5:26. also streaming on cbsn bay area. >> the rain is going to be sticking around for a while. >>> why california schools at risk of losing millions in federal funding. >> and the travel rebound for united airlines in the middle of the >>> live from the

. >>> busted at boeing, a former employee at the center of the 737 max scandal indicted for his role in deceiving government watchdogs. >>> and bitcoin booming, crypto climbing to the highest level in six months is it set to clear a key regulatory hurdle? bitcoin 60k, on this friday, october 15th and this is "worldwide exchange." >>> good morning, good afternoon, or good evening and welcome from wherever in the world you may be watching. i'm brian sullivan thank you very much for joining us happy friday it is looking like a happy friday with the everything rally looking to roll on again today the dow popping 500 points on thursday the best day since july. yet solid numbers out of bank of america, walgreens, boots alliance and united health that all helping the index. but it wasn't just earnings. it was buying across all kinds of markets the s&p 500 and the nasdaq each up 1.7% and unless we see a big change today, all indexes are on track to end their week higher like we said, it is the everything rally oil staying on the rise. brent crude above 85 bucks a barrel crude oil here above

. >> there are names here, michael, that include boeing you mentioned chevron, disney, wynn resorts cruz lines, caesar's and sands general electric also on the list are you agnostic in terms of things that pops up on the screen or do you try to go through and say actually some of these names we think are good opportunities? >> this sell list is really just a cautionary red flag list it has attributes that investors really start to navigate away from as the cycle matures. as we go into 2022, we are expecting a synchronized global slowdown we are already beginning to see earnings stag nate as mike santoli just said, many stocks have gone sideways here so it's really become a stock picker's market. those with positive momentum are seeing -- >> michael, i have got to kell you your backgrounds or your home or wherever it is is lovely, i am going to bet you on in the over/over for best back ground of the afternoon. i will mention that to my wife. >>> the jump in holiday travel bookings helps airlines. southwest bucking the down market rising after an upgrade at barclays. they expect next year'

take a look at boeing right now. it is falling to session lows. as we bum up against the closing bell, boeing is having trouble with some parts for its dreamliners. we've been watching this all day. boeing down 4.58 to $217 and change. >>> now the fda advisory panel just in this hour approved moderna's covid booster shot for those 65 and older. it is j&j's turn to go tomorrow before the panel to discuss its booster shot. the pandemic forced major upheaval in the pharmaceutical industry and elsewhere. big changes particularly in the pet industry. according to the aspca, close to one in five households acquired a dog or cat during the pandemic. ah. today's "countdown" closer has the play to profit on. senior wealth advisor at strategic wealth advisors. we covered this the past couple months, it became such a thing. there is always a trade, is there not? what is the trade here. >> there is always a trade t comes with pets. so lettuce is the farm taught -- pharmaceutical company for animals. think dogs and cats. we love our animals. if they get sick w

it's a ledge for a line to see boeing money. some 37 months jets were grounded after crashes in 20182019 killing a total of $346.00 people. the us is unveiled plans to develop wind farms along the countries coasts, and the white house hopes to build 7 huge farms stretching from the atlantic in the gulf of mexico to the pacific ocean. it's part of a push to supply more than 10000000 homes with wind power by 2030. the government says farms would cut $78000000.00 tons of carbon dioxide emissions and create tens of thousands of jobs. well, sharks can grow up to 18 meters long, and they fascinate tourists and scientists around the world. but their numbers are dropping because they're threatened by commercial fishing and tourists. my mexico is trying to protect them. john holman, has worn smooth specks appearing in the ocean. you'd never guess what lies beneath the biggest fish in the world until the end of september. well, shots will be gracie mits goes caribbean walters, one of their main feeding grounds. but the shouts endangered.

the boe is looking more hawkish. jonathan: this market is just starting to push back over the last couple of weeks. tom: all of our conversations are different but i love the holistic 60,000 foot view our guest will give you distilled down to what i do monday in the marke jonathan:. jonathan:let's start a little rotter. why is it difficult for you to be bearish with the market at all-time highs? >> is an earnings story. corporate start telling this debt demand is really strong and global growth is accelerating and that's clear. inflation is a focus but the market has priced in a good amount of that. you mentioned inflation breakeven and that has come up a lot and we've seen a repricing of central bank policy. a couple of hikes next year and a couple more for 2023 the markets are adjusting so i think we will get through this. i look about where you talk about europe and japan outstripping american earnings. let's go back to the s&p 500 whiz -- which is multinational. can you give us a new s&p number and of 2022? as an

prosecutors argued forkner deceived regulators in an attempt to save boeing money. if convicted of the six fraud charges, he could face jail time spanning several decades. and jose, i'll add, an attorney believed to be representing forkner did not respond to comment. >> emilie ikeda in connecticut, thank you. >>> president biden is expected to head to connecticut to promote his build back better plan and there's word that the white house is getting impatient with negotiations over it. we're live with the latest. >>> and we're keeping an eye on the fda and its meeting over the j&j booster shot. you're watching "jose diaz-balart reports." g "jose diaz-balart reports. i discovered some very interesting documents on ancestry. this is the uh registration card for the draft for world war two. and this is his signature which blew me away. being able to... make my grandfather real... not just a memory... is priceless. his legacy...lives on. there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment

highs and one strategist says he has been buying some of the recently beaten down names including boeingnd facebook. what has him looking past negative headlines and seeing 100% upside in both. >>> jet blue posting better than expected results but issuing weaker guidance for next quarter citing pressure from fuel prices and labor costs. an exclusive interview with the ceo moments ago way. >>> big names reporting after the bell we will get the action, story and trades on ford, ebay and synovia. i will take dom's place today. the dow is now down 105 points today, so it has turned negative by almost a third of 1%. the s&p still slightly in positive territory by less than a point. look at the nasdaq though. this is the story of the day it is up two-thirds of 1%, in the green now. you might say, well, of course we had strong tech earnings. we also had a significant drop in bond yields look at the ten-year yield, hovering today around -- look, under 1.55 it is an extraordinary chart if you trace it back to last thursday when we were nearly up at 1.7% right here this has been a straight move lo