in terms of cabin comfort it belongs with short whole airliners like boeing seven three seven airbus a three twenty other than with jets like embraer or bombardier. technologies applied for superjet really reaches beyond the scope of a regional jet. as for larger aircraft we are currently working on a big project titled m s twenty one which should give us a product line of passenger aircraft ranging between one hundred fifty in two hundred seats. that should become our bid segment where most successful products in the industry are concentrated in those who are. but will boeing airbus lets you get a foothold in that market because those are mammoth competitors and they've been consolidating and expanding production too. is growing so rapidly specially in southeast asia the emerging airline companies just can't afford to sit around in a wait for five or six years before they can buy aircraft from the world's leading manufacturers the kind of waiting list they have struggling to keep up with demand even with their enormous output capacity running at three hundred fifty four hundred airc

but will boeing airbus let you get a foothold in that market. mammoth competitors and they've been consolidating and expanding production too. is growing so rapidly specially in southeast asia the emerging airline companies just can't afford to sit around in a wait for five or six years before they can buy aircraft from the world's leading manufacturers is that the kind of waiting list they have struggling to keep up with demand even with their enormous output capacity running at three hundred fifty four hundred aircraft per annum to me and is increasing pace so i think there is an opportunity for a third contender to enter the market and we have a chance to be there a contender we would have to be china to it. we don't just compete with china we're also exploring ways to cooperate and i believe we have some competitive advantages to get there the head of china we have a strong background in engineering research in training but. china will cooperate as long as you stay ahead but once they feel your behind they will lose interest. but agree now g

more so what do russian engineers have to press the world and would be enough to catch up with boeing airbus said the industry giant will discuss it with the man at the helm of russia to craft a manufacturing process that the united. all his guys. had been making superior fighter jets now iran's the project that is expected to conquer the international civil aviation market but last spring when you super jet one hundred airliner inexplicably crashed in indonesia despite the accident foreign customers remained loyal to the plane and sales have continued the asian expert has admitted this fact proved the amount of interest in the new russian aircraft as well as sound he believes in the super jet and the future of russian civil aviation.

. >> boeing and airbus come to -- the civil rights movement. these jobs would have gone north. once the bearers came down, why has it benefitted the civil rights? it hurts when you see poor people who are -- medicare. and when carolina plays a big football game, because -- >> you know what's changed in democratic convention politics? >> it used to be the guy who gave the best speech lost. teddy kennedy in 1980 and jesse jackson in 1984 and in 1998. this time, the guy who gives the best speech gets to be the nominee this year. thank you, sir. >> most content, too. has no empty chairs. >> thank you. the democratic convention kicks off tomorrow. we'll be back from charlotte in a minute. but tonight, join me for the premier of msnbc's documentary, barack obama, making history. a lot of people worked very hard op this and i think you're going to love this tonight. 10:00 eastern, barack obama making history. i stepped on the machine, and it showed me the pressure points on my feet and exactly where i needed more support. i had tired, achy feet. until i got my number. my dr. scholl's

air structure composites business both for military applications as well as big companies like boeing and airbus. so we're trying to expand that boundary as well as we can going forward. it represents opportunities and it's close to our our core. >> i look at all these defense stocks, i love high-yielding stocks. every one of them i'm worried about. you i'm worried about the least. it seems like you have always had in mind that one day the big projects might end. and you got to stay niche. you've done that very effectively. >> we're going to continue to do that and create affordable solutions for our customer to upgrade those things in the system they won't be able to buy new anymore. >> i don't want to get my dad mad at me. thank you for service. for being a general. >> you bet. >> thank you very much. thank you, david melcher, president and ceo of exelis, xls. inexpensive stock even if we hit the retaining wall. after the break i'll try to make you more money. >>> coming up, gold royalty? as the fed prints more money, gold bugs celebrate. tonight cramer's got a brand-new precious metal spec pl

aviation giant embraer is the world's third largest aircraft manufacturer behind boeing and airbus andr of regional jets to the u.s. market. eike batista says the one thing that brazil could use more of is skilled labor. >> we have to create more engineers. in my oil company, i'm importing americans to weld our platforms. >> to weld the platforms? >> yes. there's a lack of welders. we're walking into a phase of almost full employment. this country has created almost 1.5 million jobs this year already. that's unbelievable. >> brazil has seen periods of prosperity before, only to have the bubbles burst. it spent billions in the '50s and '60s moving its capital to a barren savanna near the middle of the country, where it built brasilia, a futuristic city right out of the jetsons. then it borrowed billions more to develop the country's interior. corruption and ineptitude eventually led to a financial collapse... >> [shouting in portuguese] >> 2,000% inflation, and, at the time, the largest financial rescue package in the history of the international monetary fund. >> [speaking portuguese]

that is driving the types of products that airbus and boeing are putting out these days. the 787 is the most important. they had some delays but now they are on track to deliver five of those a month, ten by the end of next year. this is a growth factor for the company. low double digit, trading 6.4 times. enterprise value, ebita. i really think this is a great value. >> let's talk about mike's bullish strategy. he's buying a call for novice investors this is about as simple as it gets but let's hit that playbook again for those new to the show. this is a bullish strategy where you buy the call you want the price to rise above the cost of the call. that's where you see the profits. however, anything below that level you see loss by expiration. with that said what's the trade? >> i want to buy the 75 strike call. it cost about a buck and a quarter. this is a little bit out of the money. why are you doing? the reason is this is a relatively low volatility stock but entering a high volatility period. september things move around a lot. i think i could see the market move aro

bae opposes the airbus title arguing that won't go over well with americans who see airbus oig boeing's biggest rival. if you want to share your own thoughts here, e-mail us or tweet us and respond to that or anything else you've heard on the program this morning. >> i think british airbus. i know they stopped coining it bae, but if you had british and airbus combined, it would be british airbus. >> i don't think that will go down. >> something else we'll be looking forward to today, because you have -- have been to a soccer match yet? >> yes. >> and i called it soccer just for you you. fourth quarter results since they floated back on you go a the 9th. stock hasn't done too well. before trade yesterday, it was down 9%. you can see it reboundi ining 4. so since the float down 7.#43%. we think it will see a fall in profits because they didn't qualify from the group stages of the champions league last year. what is interesting is they play tomorrow night, they kick off the champions league at home. but how they win will still an big question. merrill lynch saying if they win a championshi

boeing's main rival makes airbus planes with the british company. f says that deal is not a company. back with my take. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay ale... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. stuart: i want to wrap together two developments and give you a plea for the future. here is my take on a world without america's leadership, our sinking standard of living and what might happen if we in america could just change course. look across the middle east. you see a single muslim society that is prosperous outside the oil producing sheikdoms of the golf? e.u. cannot. that is a big part of the world and descending into chaotic poverty. japan is close and china slowing dramatically. it is a tense world on shaky financial pillars. and america has abandoned leadership roles. .2. back at home w

times" reports the parent company of airbus, boeing's main rival, is in rival talks with dae system, the two european defense giants would create the world's largest aerospace company with more than $94 billion. >>> the "washington post" finds more americans are giving up banking. a new fdic report says more americans are relying on check cashers and lenders to >>> this national weather report sponsored by -- the u.s. postal service. >>> and now we see the new iphone. is it everything apple customers wanted and more? explaining why the iphone 5 is an evolution, not a revolution. on cbs "this morning." >>> this portion of cbs "this morning" sponsored by -- pieces, your favorites in pieces. abracadabra. hershey's milk chocolate with almonds in pieces. your favorites, in pieces. the blissful pause just before that rich sweetness touches your lips. the delightful discovery, the mid-sweetening realization that you have the house all to yourself. well, almost. the sweet reward, making a delicious choice that's also a smart choice. splenda no-calorie sweetener. with the original sugar-like

airbus. if they get the green light, that makes them the biggest defense company in the world, outdoing boeing. to order 20,000 workers worldwide with sales of $100 million. why are the even talking in the first place? we can tell you what eads wants out of this. they want what bae systems has. eads has been trying to crack the u.s. market for some time, because that is where all the defense spending happens. even with the talks of the defense budget cuts, americans spent 10 to 20 times more buying all of this. given the sensitive nature of industry, there are probably future regulatory hurdles to jump over. the companies will also have to take into account what the customers think about a merger. >> the u.s. has a history of preferring bilateral relationships, and that is one of the reasons the u.k.-u.s. special will ship has worked so well politically and in defense trade. the saudis also very much value the close government to government relationship with the united kingdom, and it remains to be seen whether america and saudi arabia, the biggest customers of bae systems, will make of dealin

boeing. and i know you touched on it a bit yesterday. but with the recent proposed merger between b.a.e. systems of britain and eabf, the parent of airbusthat would make them the largest player in the aerospace industry and the fact that boeing has been more or less straight-lining since the beginning of the year -- >> right. it has not done much. >> yeah, no. and i'm just wondering, should these observations be a cause for concern? is the dreamliner going to be a sufficient catalyst? >> let me give you two thoughts on this. one is that they have a big product cycle. i followed boeing for 30 years. when they have a big product cycle you get multiple years of gain. secondly, if the world improves, which is what seems to be happening in europe, which may be china stimulus, united states, then there's room enough for everybody. i think boeing is a dirt cheap stock and i really urge people to buy this. i've been doing it for my charitable trust. let's go to ira in california. ira. >> caller: hey, jim, this is ira, former marine corps captain serving in the first gulf war and a resident of passaic, new jersey. i've got a question about annal

airbus, eads, and b.a.e. are in talks to create the worlds biggest aerospace company, with roughly $90 billion in sales a year. you might think that would be bad news for rival boeing, but shares of that firm rose nearly 1% today after boeing's chief executive said he's not threatened by the possible merger. and some analysts agree with him. >> my opinion is that it's going to have limited to no impact on the u.s. defense contractors or, in specific, boeing which would be the most similar to the new entity if it goes forward. >> susie: but shares of northrop grumman edged down 1%. u.b.s. downgraded the stock to "sell," saying it has more exposure than other defense contractors to declining military spending. a good day for apple investors today. the stock stands at a new record high of almost $683. the shares gained 2% today on more enthusiasm about the new iphone 5. as you are probably well aware, apple unveiled its newest iphone yesterday. the device has received almost universal praise. and there are expectations that first-week sales will be the best of any iphone yet. now, let's switch focus from stocks to other types of investments, which also had big moves i

airbus's attractiveness. the companies will keep separate share listings this both london and paris. >> a combination of the two companies would create an industry giant to rival boeingfesays he's not thread by the deal. >> let's bring in our very own mr. phil lebeau. phil, we've been looking at this and it's pretty clear on this side of the pond that the governments in europe must have known about these discussions, so therefore there was maybe takes set approval. how about is the hurdle in the united states particularly from the second tier defense contractors? >> it's substantial, ross. and good more than ning to you kelly. i think what we'll see in the u.s., we call them second tier, but they're huge in their own right. lockheed martin, northrop grumman, general dynamics, those companies will feel immense pressure to merge or at least look at combinations in order to have the size to compete with a combination of aeds/bae and boeing. $90 million worth of revenue last year. boeing still is technically the largest at $67 billion in revenue. and as you mentioned, the approval here in the u.s. is going to be key because really this deal is all about greater access to

airbus maker and british rival bae. a big deal. yesterday bae systems and aeds said they were in talks to merge and that would create an industry leader that would even overtake boeing. sanofi winning approval for its multiple sclerosis pill. aubagio. sounds like a new casino. that's bellagio. i think they put -- when they come up with new drug names, they kind of just put a bunch of letters together. hopefully it doesn't mean something else like they did with -- >> oh, the nova. >> this which meant stuck in the mud or-will-the drug shown to being less effective, though, than some with milder side effects. analysts say it could find favor among newly diagnosed patients. 35%s to 40% of sufferers say they prefer to take no medication than face some of the unwanted side effects from the current drug regimen. >> also in headlines, prosecutors investigating the collapse of mf global are close to wrapping up. they are unlikely to file criminal charges. prosecutors met with the former ceo of the failed commodities brokerage jon corzine in the last week, but reportedly gained little new information.end of a criminal probe could pave the way for regulators, though, to bring