a boeing 737 has crashed in southern china boeing stock down 6.5% that shaves 84 points off the dow. light volume 300,000 shares a story we will watch and bring you more as it develops throughout the day wishing the very best for anyone involved in that. >>> let's go global. asian markets begin a quiet week i should watch what i say, especially as oil continues the rise rosanna lockwood in the london newsroom i jinxed it by saying it was a quiet week that was an amateur mistake on my part. rosanna, good morning. >> brian, we acquired the quiet lead overnight it tras nslated into a volatile morning. the index rtrading in the red ftse mib up. a bit of oil news out. energy prices pushing higher trading off anything to do with the idea of peace talks. the market is saying it is okay. any possiitivity is being graspd let's give you a look at the sectors with all of this in mind i want to point out businasic resources and oil and gas up 2%. oil and gas off the jump in oil prices for the reasons you mentioned. basic resources. australia has banned aluminum to russia that pushed prices up 5%

it's critical to boeing.ars, the max deliveries haven't resumed. what does this portend for the future for boeing in its relations with china and chinese airlines a couple of notes that come out today already looking at this aspect of things given boeing's problems with the 737 max there is a chance that son consumers may not want to fly on a 737 until the cause of the china eastern crash is determined not to be a design or manufacturing issue. rbc saying one potential consequence to this tragedy could be the subsequent grounding of the 737-800 fleet in china by the way, china eastern has grounded the 737-800 but other chinese airlines continue to fly the plane. and finally, baird saying the flight was at a cruising altitude when it nosedived over into a vertical dive, which is highly unusual you wrant to see how unusual. >>> it happened in less than two minutes according to flightaware. this is the data of the altitude of the plane as it descended rapidly. tlos no indication that the pilot had a distress cal

as for boeing, we have reached out to boeing., was not a 737 max those planes, while they have been approved to fly again in china, none of them that are currently over there have entered commercial service this was a boeing 737 800, again, about seven years old other than that, guys, we don't have much information other than the fact it had rapidly lost power and was a deep descent into the mountain. otherwise we know there were 132 people onboard chinese investigators are trying to get to the skooen to see what they can recover as far as the black box, the flight data recorder, and try to piece together what may have happened to this plane. >> boeing shares were down this morning, down a little less than 6%, phil continue to keep us posted in the meantime, you're at launch event for general motors. tell us what's the latest with that. >> well, for gm, it's all about going electric today we're here in the plant in springville, tennessee, outside nashville. for this, cadillac lyriq, it's coming to market in the second quarter. th

so boeing is down about 6.25%.er big downside mover is nielsen holdings on news that a deal is not happening. private equity players including brookfield and elliott made a $24.58 bid per share for this company. nielsen saying that does not give adequate value to its shareholders, so that stock is down about 18% for the belt, trading just south of $20 a share. anaplan, a $10.7 billion takeover deal. $66 a share, a 30 percent premium to friday's close. the stock higher by 28% in early hours as a result. finally, to come back to the oil story, we are getting a lift in oil prices and a subsequent move when it comes to some of those energy stocks in early hours. devon energy up around 2.5%. i wanted to point out exxon, up about 1.5%, but exxon among the companies that are going to be meeting with janet yellen and jake sullivan later today in an off the record call, talking about sanctions. jonathan: very intrigued, aren't we? i think we all are. it is about a request, the debrief on sanctions, navigating sanctions, all

this is a measures to boeing employees.se, the investigation into monday's crash of the boeing 737 800 ng plane, flown by china eastern, is underway, focusing on what made the aircraft suddenly drop from the sky. 132 people on board, parts of the records have been found. it did go down in the mountainous area as you can see near the city of-- we do know that all of the boeing 737 jets in china eastern will be grounded beginning on tuesday and that coordinate investigations with the regulators across with boeing and now within china is underway at the moment and rescue efforts have been urged by president xi jinping following that crush. kathleen: coming up china is promising stronger monetary policies after banks cap lending rates unchanged. but will be enough to soothe this market? this is bloomberg. ♪ kathleen: china's cabinet is pledging stronger monetary support for the economy while cautioning against flooding the market with liquidity. that statement reported by the state broadcaster last night came after chinese bank

boeing shares dropping more than 3.5% today after a boeing 737-800 plane crashed in southern china ithina eastern airlines and had 132 pool on board. the stock has lost more than half its value over the last three years. 3.5%, tim, do you still own this one? >> i do. look, this is a horrible tragedy, and unfortunately, there has been too much of this around boeing. the big issue for boeing out of this is one for the drivers for the stock was essentially recommissioning and redelivering max 737s to china. and that's where part of analysts were getting ready to upgrade this stock if you look at the overall airlines sector as well today, the spike in oil is really what i think is pushing down not only boeing and airlines, and i think they were very highly correlated today, but this is something to watch. how the chinese government responds to this is very important for the direction of boeing stock. >> it seems like the response is pretty swift china eastern grounded all of its boeing 737-800s immediately, and president xi stepped in and said he wants to know the cause of this. he was ca

. >>> investigation of a deadly boeing jet crash in china, could it have been equipment failer or even intentional, and children evacuated from ukraine to the u.s. with cancer for life-saving treatment. >> announcer: this is "nbc nightly news" with lester holt >>> good evening, the sense of history in the room was palpable, even if the process itself followed a familiar washington path of posturing and political opportunism, judge ketanji brown jackson, first black woman nominee to the supreme court facing hours of questioning to the senate judiciary committee in day two of her confirmation hearing, praised by democrats, grilled by republicans, both sides drag her into partisan food fights, the 51-year-old wife and mom defending her from what was coming, her philosophy, stay in my lane, in part, on accusations she was soft on crime including handing out lighter sentences to those on child pornography cases, nothing could be further from the truth she says and an action on roe v wade settled into law, the hearing going into the evening, our peter alexander with late details and highligh

here's what will happen next in our program in china, we found the second recorder of the fallen boeing37 in some regions of russia, winter has returned again. and you will find out how much they can increase the amount of cashback for the far east after the advertisement. wait for information programs, many such one venets valentinovich is on the spot behind the scenes now uh-huh yes, of course, what about medicines, on which there is a rush, and also putin spoke with europe in english french german, and he b decl outemron. now the west will have to learn new words russian rubles. why the european union mocked russia we are considering? it’s like not allowing a single failure in the supply of gas to the pipe where you drill a hole, from where it extinguishes the gas issue turned europe into a political weapon on the muscovites. we have long abandoned this thought, to which everything is rapidly moving between the tail again. we 'll see, we'll show more than the rest, it hasn't even changed. moscow kremlin putin watch today at 22:00. some viruses can cause damage vessels and thrombi. it

it is the boe's term next.ija veitmane was just discussing with us, is the boe going to prioritize inflation overgrowth? last time this happened was for one day in 2020 and before that it was 2007. the stock market powering higher as powell at his conference yesterday talking about the threat of inflation. marija veitmane saying it is ahead scratcher how stocks did what they did. europe has some catch up to do today. you're looking at two european stocks which are slightly higher this morning. they did close lower as the s&p moved higher. s&p little changed today. tech doing stronger now. maybe catching a bit off of the tech rally that continues in china and hong kong. hang seng up 5.5%, following yesterday rally thanks to policymaker's verbal intention to support the economy. yields moving higher and seeing the most of the action. a little bit of that is being undone this morning, down by 4.5 basis points for the 10 year yield. breakevens now slightly higher, but we did see that coming off of higher inflation

dani: what about boeing specifically in china?: boeing has been dealing with pressure on china and they were just on the top of returning the 737 max. boeing is in the midst of bringing back the 737 max after three years of being grounded in china. the country has regulated and are very serious about the implications of safety, so this will have an impact on the investors of the max and consumer sentiment in the country. dani: thank you very much for the update. that is sid phillips paid joining us now is aviation analyst, john strickland, founder of jls consulting. this is a different plane from the 737 max, but do you expect this to have an impact in terms of china's appetite for boeing aircraft? john: china is a highly important market for boeing. say boeing has been more successful in long-haul aircraft than short-haul, but it has the potential to stall the 737 in china. given that the country was in the process of 70 -- of setting back the process of the 737 max, this will have an impact on the sentiment and they will be watc

jonathan: let's turn to boeing. 177.10 on boeing, trading lower by a little more than 8%. you had a jet with 132 people on it crashing in the southwestern province and no news on the casualties but this is a 737 800g, not the 737 max. boeing china is saying they are investigating into the crash but there is still a lot of information we don't have. jonathan: thank you. crude is 108 point 82 and brent is 112. we have the chief oil analyst with us now. the lithuanian foreign minister said it is unavoidable to talk about the energy sector. your thoughts on those comments this morning? >> i know your is discussing potential bans on russian oil. they'd done the fourth rounds of sanctions and its mayor -- and it's making it difficult for european traders to move oil. particularly outside of europe if there is any european entity. given the banking sanctions, given other sanctions going on by european refiners in the fourth round of sanctions that come through, very few buyers in europe are buying russian oil and gas anyway. the pipeline is still flowing and there has been no dis

is there going to be fallout for boeing? >> absolutely. there will be fallout for boeing.l be going through that. they are pretty much baffled right now. this is the next generation version of the 737. not the max. it does not have the mcat software which is at the heart of those crashes. this is in the 25 year history. this was grounding the entire fleet of 737. this is an aircraft that plummeted in about five seconds after flying toward guangzhou. pretty much uneventful for most of the flight until they began the descent. part of the wreckage has been found but the answers to the questions are long. >> what does this mean for china's track record in aviation safety? >> china does have a very strong aviation safety record. you have to go back to 1994 to see this. china's aviation safety market is a strong one. they are already set to overtake the u.s. incised by the middle of the decade. >> when it comes to expectations on where the process goes from here, what can we expect when going from previous investigations? it can take a long time to determine cause. >> we heard t

. >>> the deadly crash of a boeing 737 in china. the passenger jet just six years old, suddenly plunging 29,000 feet. what we've learned tonight. >>> here at home, two state troopers and a pedestrian they were trying to help, all killed by a driver on i-95. what we're now learning about the driver. >>> and that little girl from ukraine you saw singing "let it go." and what's now happened to that girl tonight. >>> good evening and it's great to start another week with all of you at home and we begin tonight with the breaking news coming in now, the tornado emergency playing out in texas at this hour. all part of a series of dangerous storms set to hit for several days now across many states. tonight, just in, a confirmed tornado touching down in texas. there are reports it hit a school. images tonight of the large tornado seen crossing u.s. 287, this is near bowie, texas. severe damage in jacksboro, where that school was hit. several homes badly damaged. all of this part of dangerous system taking shape for the next three days or so,

how does the boe straddle this line?a: i think it is important to distinguish between the different starting points of the fed and the boe in the sense that we are starting to work out of the u.s., the u.s. seems to be more shielded from the impact of the ongoing geopolitical tensions. the u.s. is one of the major oil producers in terms of producing a lot of the foot commodities, so the u.k. is much more exposed to the increase in costs of various commodities. when it comes to the boe, it was very clear the dovish tilt in the policy decision at the meeting last week. they didn't turn much more cautious, -- they did turn much more cautious, given the fallout of the sanctions, so investors are turning more cautious, but they also flag the two cited risks to their policy outlook. we need to get more data before we can make a solid call in terms of how much more time -- tightening is likely to be necessary in the coming months. dani: let me take you to the wider economic picture. this forecast made by the dallas fed yesterda

boeing says it's cooperating with investigators. china eastern meanwhile has grounded the rest of its 737-800s, a plane flown every day worldwide. lester >> all right tom, thank you for that >>> up next, how far will vladimir putin go in ukraine can diplomatic efforts be revived centuries ago, native californians thrived on this land. now, we share a destiny with all californians. when voters granted our sovereign nations exclusive gaming rights, it advanced self-sufficiency and created thousands of good jobs. but now, out of state corporations are coming to california. their online sports betting initiative would break the promise between us. it's bad for tribes and all californians. join us. protect the promise. >>> let's return to the war in ukraine and sputtering diplomatic efforts to bring the two sides together almost one month since the bloody russian invasion began keir simmons has that part of the story. >> reporter: tonight, hopes fading of a meeting between russia's president putin and ukrainian president zelenskyy. zelen

boeing fell yesterday after that boeing 737 800 ng jet crashed in china.gators still trying to figure out the why behind that. shares are rebounding just slightly, about 0.2%. going to point in -- i want to point to okta as well, authorization software. there was actually an incident in january. there is no ongoing kind of malicious activity. still, that stock is down about 7.5% before the bell. a quick check on alibaba and how the action is in the u.s. alibaba announcing a boosted buyback program of $25 billion, the second time in the last year it has hiked that program. maybe a sign of optimism about the easing of the regulatory crackdown from beijing. alibaba adrs 8%. jd.com and baidu each moving higher to the tune of 4% or 5%. jonathan: when the chairman speaks at a news conference for the federal reserve, he's got to reflect some form of consensus. when he speaks in a forum like he did yesterday, he is speaking for himself. ian lyngen joins us now come of u.s. rates strategy at bmo capital markets. what did we hear when we heard the man speaking for h

francine: we've tried to reach china eastern and boeing.e any thing else -- anything else you're watching out for the next couple of hours. we've heard from the chinese authority confirming something has happened. who do we go to next? kyunghee: we will have to wait to see the rescue occurs and sets the -- assess the situation if there any survivors in the next thing would probably be we will have to get information on what happened that caused this plane to crash. a 737 800 is a very good operating plane, it's a reliable aircraft for many airlines around the world so we need to get information from those black block -- lockboxes to see what's the cause of the plane crash. >> we also know from flight radar 24 they basically attribute this or say it's chinese eastern airlines flight mu5735 from kunming to guangzhou took a steep dive. and try to think of some of the other crashes we see. we haven't by memory have that -- had that many in china or elsewhere because of the pandemic. kyunghee: correct. the last time a 737 800 was involved in an

a boeing 737 800. a workhorse.ent investigation? >> reporter: well, that's a big question. boeing has said they're ready. they've been communicating with the national transportation safety board. waiting for the call from chinese aviation authorities. the china civil aviation administration. yet as of now we don't know if any communication has taken place. i've been speaking with investigators saying the track record with china, lack transparency. difficult to get information exchanged, get them to actually share information on a timely manner. in other words, could take well over a year before we have any answers what actually happened here. was it some sort of mechanical problem? pilot error? if the united states can't be involved in this yet china goes on the offensive against boeing airlines and their technical specifications, that can already complicate a troubled relationship between the u.s. and china. >> absolutely. this is a very significant issue in that regard. thank you. >>> thanks to all of you. "a.c.

today in china, at the crash site of a passenger boeing , rescuers discovered a second black box, andhe day before, the commission of inquiry officially recognized that the survivors of the crash. no, now experts have already begun to study both recorders in the hope that the data obtained will shed light on the causes of the tragedy, which still has more questions than answers, report by alexander balitsky. special commission to investigate the crash of a passenger boeing starts briefing with a moment of silence for the first time since the plane crash, chinese aviation authorities officially say not one of the 132 people on board survived no matter. in total , 120 victims were identified using dna analysis, including 114 passengers and six crew members, it took exactly a week to find all the bodies and exactly the same to find both so-called black boxes only this morning from under a one and a half meter layer of wet earth. ila rescuers were finally able to retrieve the second recorder. the first one that recorded the conversations of the pilots are already being studied in beijing

boeing says it's cooperating with investigators. china eastern meanwhile has grounded the rest of its 737-800s, a plane flown every day worldwide. lester >> all right tom, thank you for that >>> up next, how far will vladimir putin go in ukraine can diplomatic efforts be revived >>> let's return to the war in ukraine and sputtering diplomatic efforts to bring the two sides together almost one month since the bloody russian invasion began keir simmons has that part of the story. >> reporter: tonight, hopes fading of a meeting between russia's president putin and ukrainian president zelenskyy. zelenskyy had warned without those talks, europe faces a descent into world war iii the kremlin spokesman saying no significant progress has been made in negotiations so far. diplomacy deteriorating on multiple fronts. russia's foreign ministry calling in the u.s. ambassador to russia, threatening to sever ties, furious after president biden called president putin a murderous dictator the russian leader has called his critics scum and traitors.

. >>> in thchina, boeing and the a trying to figure out what caused the deadly crash of the 737. >>> shares of mnike higher. it's tuesday, march 22nd, 2022 "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc i'm rebecca quick along with joe kernen and mike santolli there are green arrows at this point. dow futures indicated up by 137. s&p up 14. as joe mentioned, stocks were down yesterday the dow down 200 points. breaking the five-day winning streak this came after jay powell spoke about the aggressive interest rate moves to tame inflation that putting pressure on stocks which ended down across the board for s&p and nasdaq treasuries with the opposite being the case take a look at the ten-year yielding 2.351%. the highest level since may of 2019 the two-year note at 2.191%. the two-year note hit 2.02%. you saw crude oil prices moving higher yesterday, too. wti and brent up 7% yesterday. touching back above $112 for wti and above $115 for brent down a little bit this morning wti at $109.63 and brent at $113 $113.76. rbob is up mike, comments coming fr

boeing telling abc news our thoughts are with the passengers and crew. we are working with our airline customer and ready to support them. and chinese investigators will be taking the lead on this case, but the ntsb tells abc news that it will be helping them along with boeing and the faa. gio benitez, abc news, newark, liberty international airport. >> more details to come. our thanks to gio there. >>> coming up, the airbnb guest who found himself in the wrong bed in the wrong house but maybe at the right time. what he told us about that encounter. >>> and the road to the oscars. and the hollywood legend who won four times but never bothered going. that's next on "world news now." scene 103, take one. here we go. my name is wesley, and i'm with my knucklehead brother. my friend nafi. my boyfriend doug. i thought we'd be on the same page about this and we're not. how do i know the way i'm going to respond to it? there's not that long term research out there yet. i don't want to be on the front line. but you're human. you're going to make a mistake. i'm j

we are on board a boeing 707 and it _ above. we are on board a boeing 707 and it is _ above. we are on board a boeing 707 and it is not _ above. we are on board a boeing 707 and it is not exactly - above. we are on board a boeing 707 and it is not exactly a - 707 and it is not exactly a passenger plane. for one thing there are hardly any windows and it is, in fact, there are hardly any windows and it is, infact, a there are hardly any windows and it is, in fact, a flying office. as you can see, a pretty extraordinary one. a very warm welcome to the programme. ukraine's president, volodymyr zelensky has accused russia of nuclear terror after it bombarded a large power station and caused the fire. authorities say the zaporizhzhia plant, the biggest of its kind in europe, is secure and radiation levels are normal. , ., normal. the fires did not affect this _ normal. the fires did not affect this is _ normal. the fires did not affect this is the - normal. the fires did noti affect this is the facility's or buildings. we have the latest on the situation. this is a moment to wait w

more than 130 people on board the boeing 737.orning. >>> overnight ukraine refusing an ultimatum to surrender with more air strikes hitting civilian sites in the capital while emergency workers in kyiv respond to a russian missile strike. it destroyed this apartment building. the u.n. now says 10 million ukrainians have been displaced while russia suffers its own revolt. tens of thousands leaving the country as president biden prepares to v

what's next in our program in china at the crash site of a passenger boeing found a second black box?will happen to the iss and with whom russia will continue the martian program and the tour to kamchatka dreamed of reality we will tell you very soon after the advertisement, wait for the information programs many such one unit litvinovich denis valentinovich came up to the place mechanisms of power behind the scenes. what about medicines, for which there is a rush, and also putin spoke with europe in english french german, and he is b decl outemron, now the west will have to learn new words russian rubles. why the european union mocked russia we are considering? it's like trying to just twist the arms, which did not allow a single failure in the supply of gas to the pipe, the hole was asked from where it goes out the gas issue turned europe into a political weapon on the muscovites. already left a long time ago this thought, to which everything is rapidly moving between the covers again. we'll see, we'll show more, we could n't even dream of moscow kremlin putin watching today at 22:0

investigators begin the arduous task of figuring out how the boeing 737 crashed.phen engle is in seattle near the boeing facility. it is quite an extraordinary disaster. what do we know about this? an aircraft falling that far and going up so quickly. stephen: the flight was by all accounts flying perfect refined, a cruising altitude of 29,000 feet and about to go into dissent. it was well on its way, two thirds or more on the journey. it did not come according -- it then, according to the flight data, went into a steep nosedive and the knee was a ball of flame in southern china -- nosedive and was then a ball of flame in southern china. there are some any questions. the fact that they found the wreckage most likely means they will find the flight data recorders and the like. there will be an investigation and a nod of dutch a lot of experts are perplexed. it's not the case of the 737 max, this is a next-generation airplane, and safe by all accounts. juliette: disastrous. just getting to the boeing reaction, we did hear from the country -- the company? stephen: th

the boeing 737 scattered across a remote forest after falling from the sky. villagers nearby described the moment, the plane went down. ah, one dahlia that i heard a loud bang, gong, young and other people were doing their work, peeling tree bark area formed as out, but they stopped everything again and rushed to see the crash. net. hello. then the police arrived no valera yet that bernard is under deity. but one whom noah. if you look i am going and there it was. as loud the thunder strike. there were 2 loud sounds. yeah. younger thing on my flight tracking data shows the plain plunge. 26000 feet in just 3 minutes. it's the countries to 1st commercial air crash since 2010. china eastern airlines has grounded all boeing 737800 planes in its fleet. china's president express his shock. an immediate investigation has been ordered. one day to come, we are deeply saddened by the accident of the chinese eastern airlines passenger flights. turning every effort to organ i search and rescue being made and we will find out the cause of the accident as soon as possible to ensure the ups much safe

the boeing aircraft quarterly reports from vision. hello. oh, perfect footage. verified by chinese state media shows the aircraft, nose diving to the ground in the remote southern province of gong sheet. the passenger plane operated by china eastern airlines departed from the city of coney, just after 1 pm local time. it was headed to the city of gwan, joe, a route which should have taken less than 2 hours when it suddenly lost altitude dropping more than 6000 meters in just 2 minutes. the 132 people on board, including 123 passengers and 9 crew members are feared dead. hundreds of emergency workers have been dispatched to the site. president sheet in ping has called for an immediate investigation. analysts say the bullying model, 77800 aircraft, has a good safety record. the 737800 has been work course. and i believe that to china aisd and have the over $600.00 jet aircraft. and i think they've got turn somewhere along the lines of the a 13737. so it's a very reliable aircraft. and it, sir, it's quite a amazing story that of an aircraft in

he notes the plane in question was a boeing 737 800. >> it's probably one of the safest airplanes ever built. this was the model before the max. and that didn't have the system in it. even though people hear 737. >> apples and oranges. same airplane. different problem. >> what was supposed to be a less than two hour flight, crashed in heavy forest. making access for rescuers difficult. witnesses say they saw no smoke coming from the jet liner. until it hit the ground. the 737 800 the second most common airliner in the world. there are more than 4,500 worldwide. including almost 800 in the united states. china eastern airlines is now grounding its entire 737800 fleet. >> the early evidence is very ominous. i'm afraid the early evidence of the accident is points that you'll do a hard look at the flight crew. >> you have likely flown on a boeing 737 800. hundreds are used by southwest and american airlines. boeing says it is in touch can china eastern airlines and says it will provide assistance to the chinese government leading the invest

. >>> to the tragic story around the crash of the boeing 737-800 jet liner china. officials looking through the wreckage reports say drones and a manual search are being used to find the black box. nearly seven year old jet crashed in the guangxi region. it was big enough to be seen on the satellite. it was flying at 29,000 feet and entered a steep and fast dive. the plane plunged to 7,400 feet before regaining altitude before diving again it stopped transmitting 96 seconds after beginning to dive. boeing shares ended the day down 3.5% >>> now to the fighting in ukraine in the 27th day. ukrainian president volodymyr zelenskyy says he is prepared to discuss a commitment that ukraine will not seek nato membership that in exchange for a russia cease-fire and total withdrawal of russian troops and guarantee from moscow and guaranteed security zelenskyy repeated his call for direct talks with russian president vladimir putin adding he is ready to discuss the status of crimea and the eastern donbas region held by russian-backed separatists we will have a live report comi

boeing has been under scrutiny for years, but again will note. not the same plane, the 7 37 max, that was grounded worldwide following this too terrible deadly crashes in 2018 and 19. when you look at the pattern of this crash. the rapid descent the nose dive. i know in the max crashes, there was the stick shaker element. there are some differences, but are there any concerning similarities? at this point. it's way too soon to speculate on things like that. that's one of the tough things we get to when an aviation it's just not good to start speculating from the get go until you know more. what we do know is that planes just don't fall from the sky like this. this is very unusual. there've been a handful of these since, like the 19 eighties, the one that comes to mind immediately for those of us on the west coast would be alaska flight to 61. which was flying from mexico to seattle. in 2000. it was a cruising altitude, and it just went straight into the into the sea. reason turned out to be. they lost the horizontal stabilizer, the ability to kee

boeing is part of it, set to drag the dow at least 100 points after a china that eastern airlines boeinghina. we'll bring you details on that situation developing. right now the dow industrials down 104, the s&p down 5.5, and the nasdaq is lower by 36. that is also a quarter of a percent as a sea of green was happening last week. in fact, it was the best performance since november 2020. investors see the u.s. economy as the best in a weakened and global backdrop. the dow industrials last week up 5.5%. the nasdaq rallied better than 8% on the week and the s&p 500 up 6%, cutting the performance year to date we are still looking at declines, but now they are just fractional year to late for the major averages. european markets this morning, the ftse 100 showing a gain of 48, the cac and the dax are down a fraction right now. in asia overnight, fractional moves there as well. japan was closed for a holiday, it was the vernal equinox holiday overmight in japan. "mornings with maria" is live right now. and it is time for the word on wall street. top investors watching your money. joining me ri

boeing stock down 5.5%. let's speak about what the costs for boeing are.e: if you are not delivering planes to china, it becomes very difficult to clear out the inventory of max jets that boeing built up during the course of the grounding. as of january, they had about 335 undelivered max jets in their inventory, and if you can't clear out that stock while , it raises questions of how you justify that 31 jets a month production pace they were targeting for early 2022. it is hard to see how you get there without china demand, china deliveries. we have seen other airlines increasing their orders. you need china if you are boeing. so i think any kind of delay does ralph questions about the timing of that pace. the reason that is important is we have seen aerospace struggling to ramp up output. it is very important to have a clear timeline as you try to work through all of this. guy: just to wrap this conversation up, the ng historically is a very safe airplane. brooke: yes, absolutely. this is the previous generation before the max. it has a very good safety

early data shows the boeing 737-800 plunging more than 20,000 feet in less than two minutes. first dropping to around 8,000 feet from nearly 29,000, then appearing to level off, before going into freefall. chinese officials saying today that when air traffic control noticed the drop in altitude, it called the crew repeatedly, but got no answer. >> we've got to know why the crew decided to do an emergency descent, if that's what they did. and there can be many reasons for this, starting with rapid depressurization, but it could also be an explosion. >> reporter: tonight, the ntsb, boeing, engine manufacturer cfm, and the faa now joining chinese investigators to figure out what caused this crash. and david, those data and voice recorders have yet to be found, but they could be buried deep underground. david? >> all right, gio benitez back with us tonight. gio, thank you. >>> now to the pandemic here at home and what they're now seeing here in the u.s. with this highly transmissible omicron subvariant. here's eva pilgrim tonight. >> reporter: with that highly contagious omicron

we have yet to restart talks with boeing. boeing is dealing with multiple issues.ll resume talks when there is a pricing point for us. dani: thank you for joining us, michael o'leary, ceo, ryanair. that is that for us at "daybreak: europe." bloomberg markets: europe is up next, anna and mark will walk you through that. this is bloomberg. ♪ so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. anna: good morning a welcome to "bloomberg markets: europe." i'm anna edwards in london. mark edwards joins us from singapore to take us through the market action. the cash trade is less than one hour away. turning on the taps, cre

you did not see those iranian boeing aircraft getting parts, getting service.an airlines went to when they needed to service those planes that is what at least for now is going to be happening with the russian airplane i asked boeing for a detailed number in terms of how many commercial airplanes are in russia there are a number of other smaller airlines as well they think it's probably between 200 and 350. hopefully they'll get a confirmed number a little later on today but, again, those planes will not be serviced by boeing any longer as the company suspends its operations in russia guys, back to you. >> phil, again, the longer-term implications for this, is this something that can be turned around quickly or would be turned around quickly, or could you watch a gradual fall because it's not just boeing it's airbus, too. >> right, in terms of how those planes operate in russia it's very similar to what we saw with iran for a number of years. the planes continue operating but you hear people making comments like you've got to go to iran and not many people did,

the boeing 737 left, couldn't ming and was on its way to one joe. but it came down in countryside near will. so in the going, she region of the country state media says the number of casualties on board the china eastern airlines flight is unknown president, she jing ping has ordered an investigation. it's really you is in beijing and has more it was a boeing 737 passenger plane, and it left the southern city of couldn't me in the province of you, not about 1 15 pm local time. now it was headed to the city of gong. jo, which is not far from hong kong, and that's like, should have only taken less than 2 hours. they're not very far away. but before, obviously you did not arrive at its destination and instead the plane has crashed in one she providence, which is a very rural mountainous area. the court is g to rule in the case of poor recess, a beginner. he's the man whose actions during the 1994 rwandan genocide inspired the film hotel wanda, was sentenced last year on terrorism, offensive prosecution as seeking to increase his 25 year prison. term ri

they have grounded all 737 boeing planes from the fleet.n immediate investigation has been ordered. >> we are deeply saddened by the accident of the passenger flight. every effort for search is being made -- for search-and-rescue is being made. reporter: at the airport, the plane's destination, families wait for news from the mountainside. the flight data recorders could provide clues as to what brought the plane down. but such investigations can take months or even years. >> here's a look at some of the other stories we are following for you this hour. a man wielding a knife has killed four people and seriously wounded to others in and is really down. he was shot and killed by unidentified bystanders care what is really media identified the attacker as a 34-year-old arab man. for people have died in a boating accident off the coast of new zealand. five other passengers were rescued from the wreckage. a charter fishing vessel storm in stormy weather -- sunk in stormy weather. divers are searching for one missing person. two women have died

the boeing 737800 is a predecessor of the 737 macs. a model that has been banned from commercial use in china after 2 crashes within months that killed 346 people in indonesia and ethiopia. the crash is china's worst aviation disaster in years. it safety record has been among the best in the world for a decade. though experts have questioned the reporting of safety lapses. china, eastern airlines says it's mourning the loss of doors on board and has grounded all of its boeing 737800 aircraft until further notice. katrina, you are the 0 dating a u. n. human rights investigator is urging north korea to lift its pandemic border restrictions because many are facing starvation without access to urgently needed aid. to my so our quint dana told the human rights council less than a 3rd of children from 6 months to 2 years old. are now getting enough to eat. he says pyongyang should urgently allow foreign aid into the country. many agencies had to leave because of corona, virus travel curbs. north korea does not recognize o'quinn tanner's mand

this was a boeing 737-800. even still, this is giving china lot of pause.rounded the 737s. it is the second most popular airliner worldwide. nearly 800 in the u.s. >> so most of us who have flown have probably been on one. >> very likely. let's discuss now with peter. peter, there are no details on the number of casualties. what do you expect to learn only front? >> well, given the video that we saw, there are likely no survivors whatsoever. in fact, it will be a very gruesome and difficult task even identifying the victims. this accident, you know, the early evidence is very ominous. because as pete said, these planes don't fall out of the sky at cruise altitude. there apparently was no radar, radio contact, and the idea that the plane dove until about 8,000 feet, then climbed for a moment, up another 1,000 feet and then plunged at a 90-degree angle into the ground is very disturbing and reminiscent of other tragic accidents. >> what do you make of the speed? the plane plunging 25,000 feet in less than two minutes. >> well, the thing that is true on that,

we do know that this was a boeing 737 passenger plane run by the airline china eastern and it deposit from the chinese city of couldn't me, in utah, proven at around 1 pm local time that it was destined for the city of wong jo, due to arrive at 3 pm, that's gone, jo, not far from hong kong. so this is not a very long flight. it's less than 2 hours. now, according to trying to do a v, a floor here with carrying 132 people including 9 crew members. now officials say that they lost contact with the aircraft as it flew of a globe. she proven an area known as joe, and at the time they said it was cruising at about 30000 feet before it abruptly started descending. now there is no wood on the call whatsoever. we do know that according to state media rescue, teams are on the way and there were a number of social media video circulating purporting to show scenes of the crash. and it tells us 2 things. one that this is the inexperience, the remote mountainous regions are, will not be easy for rescue team to reach this area. and secondly, this crash appears to have caused a wildfire as well in t

the boeing 737 came down in countryside. me were joe in the guam she region. st media says the number of.

all right, lauren what do we got here boeing?h more than 130 people on board crashed, and investigation underway. look, chinese media, they aired this video footage taken from a car on the highway the dashcam, it showed a plane just diving into the ground and at an angle of about 35 degrees off of the vertical so it was just like this crash landing and there was a fire in the mountains and this is a black eye for boeing and like i said, an investigation is underway. stuart: got it, ups, what do we have on them? lauren: just a little bit but the justice department says ups paid $5.3 million to resolve their probe it falsely reported delivery time so international mail, so they did it faster than they really did. stuart: 5 million for that. chevron i presume it's up, yes it is. lauren: yeah, but 500 steelworkers, on strike, in san francisco at a chevron facility. so right now, chevron needs to get replacement workers in asap so oil prices don't go up even more because of a lack of workers because of the strike stuart: so that strik

. >> reporter: boeing is in contact with the u.s.ansportation safety board, and our technical experts are prepared to assist with the investigation led by china's civil aviation administration. experts say information sharing could be extremely difficult. for the already troubled u.s./china relationship, this crash could not come at a worse time. for the families of 123 passenger and 9 crew members, closure may never come. the impact so violent investigators say even identifying remains could be nearly impossible. will ripley, cnn, taipei. >>> when we come back, history in the making in the u.s. capitol as senate republicans have some tough questions for the first black woman nominated to the supreme court. that's next right here on "cnn newsroom." why have over two million people welcomed bath h fitter into their homes? it just fits. call now or vivisit bathfitter.m to booook your free consultatio. aahhh let's get you lovebirds flying! book with priceline and you save more... so you can “ahhhh” more. - ahhh... - hhh... - ahhhhh!!!!!

time to take your tweets our first viewer asks what are your thoughts on boeing down in the low 180s,t i would resist the temptation, boeing has problems the stock peeked three years ago in march 450 and here it is at 180. something's not right. i'm sure someone would say the debt is bigger or they can't get the planes to operate. doesn't matter something's not right. the chart is bad i would resist the temptation, it does seem cheap or you could think boeing will be around forever, just don't do it. >> our next viewer asks -- my ira does allow covered calls is deep buy same as selling out of the money put, example, amd april 14th 85 strike buy/write basis below 85 my premium similar toll something the put right? anything i'm over looking? tony >> from a theoretical perspective you are correct because of put call parity when you sell deep in the money call option you have a risk profile that is in theory identical to selling that out of the money put option but practically speaking you will have potentially issues where if you wanted to roll these calls early because the stock has sta

he notes the plane in question was a boeing 737 800 which l lack -- >> this was the model before theporter: even though people hear 737 -- >> apples and oranges. same plane, didn't problem. >> reporter: what was supposed to be less than a two-hour flight crashed in heavy forest, making access for rescuers difficult. witnesses say they saw no smoke coming from the jet liner until it hit the ground. it is the second most common airliner in the world. there are more than 4500 worldwide, including almost 800 in the united states. china eastern airlines is now grounding its entire 737 800 fleet. >> the early evidence is very ominous. i'm afraid it points, that you will do a hard look at the flight crew. >> wolf, the chinese government is leading this investigation but experts stress that a boeing 737 should not fall out of the sky quite like this. southwest airlines and american airlines fly hundreds of these planes. you've likely flown on one of them already. what is also interesting here, the data shows this flight did this steep dive. then climbed back up just below 10,000 feet. and th