welch acolytes who were brought in to boeing since 2011 which was when they were learning let me let me explain this to me that proffer 2nd uses ok so boeing boeing becomes a passer mechanism right so they buy back their own stock with cheap money from the fed and it goes through the company ostensibly to help the company but as stott it's disenfranchising the company and then on the other side of the executives who are getting that money from the fed directly into their pocket they use the company as a pastor mechanism and what happens is it leads to incredible malinvestment so boeing now is no longer a viable company so bad in fact that and the debts are so onerous in fact that even money at 0 percent is not going to help them recapitalize this this this garbage company now boeing that's worthless essentially it's insolvent and so what do you do now because our law. companies in the s. and p. $500.00 zombie companies that are like this the executives stole all the equity through a pass through of of cash from the fed at 0 percent interest rates disguise the stock buybacks and now they're just a walking zombie and it's all fun and games are no v

boeing is seeking to get $1 million or more. it comes from rising costs for the boeing boeing 737 max jet maker. somableists estimate the company has been losing 1 billion a month due to the boeing 737 max jets that are grounded. >>> and it's been a profitable year for this company. it's 2 months of pay per worker. they'll receive their bonus checks on valentine's day. >>> microsoft plans to go carbon meg active. they'll spend 4 billion to achieve this. >> reporter: microsoft has a huge cloud business, the department of energy found 2% of all energy consumption comes from data centers r it's the big server farms. every time you go access netflix, it's going to be these things and pulling it down things, is the latest corporate pledge. they expect to put out $16 million metric tons of carbon this year, as much as 15 coal- fired power plants. you can find more information on our cbsn app or digital plat stormy may call this the trip of the lifetime. the pacific princess went on a 111 day around the world voyage. the crews for 670 guests, they'll visit 38 ports on 26 countries on five continents and

, boeing, boeing, boeing >> st its life span. what damage will it do in space? >> just the mere fact that it has boeing's name on it. >> they can't do anything right. >> it is rocket science, right >>> coming up, the latest on the coronavirus and the impact we'll talk about the airlines sector and the risk there. you can watch us live on the go on the cnbc app. we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking th

boeing. boeing, the aerospace company responsible for half the planes in the sky. and half the planes that are not in the sky. ( laughter ) now, for months, the company has insisted that they did everything they could to ensure the safety of their planes. but thanks to some leaked emails, that excuse is crashing to the ground. >> we are getting a look at some shocking internal emails from boeingting employees knew about problems with the 737 max before two deadly crashes. >> boeing has now released more than 100 pages of emails as part of f.a.a. and congressional investigations. in 2017, just as the planes were taking to the skies worldwide, a boeing employee sent this message to a colleague, "this airplane is designed by clowns, who in turn are supervised by monkeys." one test pilot wrote, "i'll be shocked if the f.a.a. approves this turd." ( laughter ) >> trevor: wow! i don't know if boeing has good engineers, but they do have some pretty good joke writers. ( laughter ) yeah, we should hire them for the next "comedy central roast." they'll be like seth rogan is here, the only thing that smokes more than a boeing and gin." ( laughter ) and just by the way, why are boeing please trying to drag. clowns and monkeys into it. first of all, clowns are good at what they do. it's are are ood. >> it's not their fault your planes suck. airplane makers could use a clown on the design t

boeing. boeing >> yep >> and i think that that did not represent boeing i think that's important i do not thinkhe messages represent boeing i do not think the ceo represented boeing and i know you could say ceo always represents i don't think he did >> okay. >> okay? meaning like okay? >> yeah, okay. >> okay. >> put a tie on. >> we're going to get kramer's mad dash countdown to the opening bell plenty of corporate news, there's grubhub, lilly, you got news on home builders, more retail tape bombs and we'll set up banks for next week when we come back. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk >>> all right, time for a mad dash, as we end the week of trading here at the new york stock exchange we'll get started with trading, of course. it's about 13 minutes from now amazon is a feature today? >> i think there's a fabulous report out by bernstein that rates everything, all the inter

the same time the pretty shocking how serious is the release for boeing it certainly is not really helping boeing's case right now boeing is really trying to get the f.a.a. and the u.s. airline regulator to approve the 737 max for to fly again and and these. boeing employees are making fun of f.a.a. regulators they're talking about sort of tricking them into approving the plane so i think this certainly is going to increase the tensions between the regulator and boeing which is one of the reasons why boeing had to let go of its c.e.o. late last year the f.a.a. for its part has said that this isn't really a this doesn't really shed new light on to on to new safety issues with boeing but i think this really points to a culture of. sort of thing lax about safety and sort of trying to get around regulators and that's really not going to going to help boeing you know convince regulators to clear the 737 but if you look at airbus bullish again about post brags that britain has it changed its tune there. they definitely are and it's generally just a much different story for airbus right now in terms of their big concern had be

s boeing boeing is a huge defense contractor in america but they also make planes that fly that fall out of the air boeing shares tumble after company suspend 737 max production so that suspended it they're going to have to wait probably until march or april. to get any f.a.a. approval for speaking of algorithms this is a plane that structurally cannot fly can't fly on its own it needs software and then algorithm an order to make it airworthy because of the design flaws of the actual plane so they're waiting for you know the f.a.a. to approve this i want to point out when the stock price tumbles and still over $300.00 which is up nearly $3.00 and $2.00 fold since chump came into office so you can see that as soon as trump came into office it spikes because there has been a huge increase in the budget for the military industrial complex underwriting so odd algorithms destroy the public discourse over social media algorithms destroy the public marketplace. relying on robots to talk about and then trade stocks and so the aviation industry is saying hold my beer let's take these algorithms and put them in cha

boeing. >> reporter: yep. >> and you wonder if the new ceo at boeing is part of this right now, that he likes what he's hearing from the new guy >> reporter: i think that there's a communication there, not only between dave calhoun, the new ceo of boeingand administrator steve dixon, but from the higher-ups at boeing to those at the faa who are overseeing this process. for a long time, bill, the communication was limited. >> right. >> reporter: and when you talked with people at the faa, they would say, not really hearing anything kind of hard to do what we need to do if we're not hearing anything that has changed and what you're hearing from steve dixon is, we're seeing progress now, let's not get ahead of ourselves and say that we'll see the plane certified say by may or june or july, but they're seeing progress, and that's a big change in the tenor and tone from the faa compared to a couple of months ago. >> and phil, we're seeing boeing shares reverse earlier gains, now up 1% at the highs of the session on those possibly encouraging headlines from the faa. at the same time, we're awaiting the launch of the 777 max. any progress there >> reporter: we are waiting on the conditions the weather is considerably better than it was a cou

boeing. you are a formally a pilot, given safety of 737 in past, what are your opinions about the company this crash could mean for it. >> there is no question that boeing is having problem with at m-cad system and the max, but let's not erase decades of history with boeing, boeing has produced a mode of aviation travel to be single most safest form of travel globaly. and yes, they have run into a rough spot here, they may have been too fast and too much liberalization to the part of congress and the faa, relative to boeing self certification process, i think with the new ceo onboard, who has extreme experience in this area, and with the new head of the faa, who has a tremendous aim of aviation knowledge. and backgrounds, air force academy graduate and thrown flown just about every model of boeing, i think these two reasonable men will come to conclusions to put boeing on the right foot, and save the 7 37 max. >> thank you, anthony for joining us. >> governor gavin newsom has a way to curve curb the homeless crisis. another one? we'll debate that next. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ s

boeing says it is conducting its own investigation. shares of boeing are down on the news about 2.5% there. so not what boeingds to hear a tragic crash 176 people, they don't think there are any survivors. a lot more to figure out there >> it is worth pointing out that the boeing share reaction is showing much of the loss stock futures sank on the news of those strikes the dow pointing to the open pairing those losses dramatically futures are down 46 points whip saw action estimate in crude oil prices spiking before leveling off in early trading. wti up on the day but only by six cents. 62.70 cents there for american crude. look at the asian markets. the nikkei off 1.5%. hang seng off almost 1% and the shanghai off over 1% and kospi down over 1% as well in european trade, off the worst levels in the session in europe. dax is down one-third of one percent. the cac in france off by one quarter and the ftse 100 off by almost 1% as well. futures in the united states actually turned positive s&p looking to open flat as we saw overnight given the missile strikes. we have global team coverage overall. cnbc contribut

boeing. boeing is not having a good day on its own. these documents they got leaked, my goodness gracious. >> it's another bruise. saidaa said one employee it was designed by clowns supervised by monkeys. it probably is just bruising on the reputation for a company that touts safety and prioritizes safety. it does not lend credence to the argument when you read that. the faa said no new safety concerns arose, but it's damaging to the overall picture for boeingif our investors it raises questions about the culture. what is it say about the employees down the line? maybe it was just one or two bad apples but it raises questions. >> it raises questions about the culture going forward. david calhoun is taking the helm on monday. in terms of ripple effects, one of its biggest suppliers, 50% of its revenue from the max, is cutting 2800 jobs with the production halt. you are seeing boeing investors and spirit investors, and this is trickling down to the economy overall. david: we will have to wait for job stay 30 days from now. thank you so much. oning up, new u.s. sanctions iran. scrambling to save the nuclear deal. fromrn to expert vali nasr johns hopkins school for international studies. next on bloomberg television and bloomberg radio. ♪ david: this is "balance of power." iran has been at the top of the news every day for the last eight days. today is no exception with european foreign ministers trying to salvage the nuclear deal and the annou

. >> there is no question, that the boeing, the boeing situation is going to slow down the gdp numbers. boeing is one of the largest exporters and with the 737 max i think that could impact gdp as much as 50 basis points this year. connell: now with a new ceo in place, let's go to kristina partsinevelos for more on boeing. kristina? reporter: the crisis for boeing continues. you have a new man at the head, dave calhoun but i would like to talk about dennis muilenburg for a second. that is the former ceo. he worked at the company 30 years. he was pushed out in terms of how he handled the 737 deadly crashes. you're wondering how much did he walk away with? $62.2 million. may sound like a lot. he is not taking 2019 bonus or additional severance package. dave calhoun, he is known in the industry as a turnaround specialist. he has experience at blackstone as well as ge. everybody loves to hear about the salaries. making a base of 1.4 million, with possibility of additional millions in bonus, including 7 million if he gets the 737 max in the air but other news in the boeing space, boeing suppliers t

boeing making a satellite for directv but it's in danger of exploding in space calling for an emergency operation to remove it from the orbital zone, but on the plus side for boeing , faa, steve dicker son, telling senior u.s. airline officials the agency could approve the boeinghe 737 max to service before mid-year, and that is according to a government official. boeing also preparing to take its latest 777x model to the skies for the first time in washington, fox news dan springer, live on the ground with the latest so a lot going on for this company, dan. reporter: yeah, deirdre, and this was supposed to be one of those feel-good days for boeing a company that needs it, but for the second straight day, they had to strap the test flight for the brand new wide body 777x, the plane that was really, the next generation of the 777 plane, yesterday was due to an all day downpour of rain and today was strong and sustained winds but unlike yesterday, today they got media from all over the world out here , and we had a pretty thrill ing sight actually when this massive 777x plane was taxiing right by all of our cameras. boeing touted as the world's most efficient wide body commercial plane in the world, with the largest engine and the first passenger jet plane with

boeing those are the items that are weighing on the markets right now. boeing shares actually halted. reports that it may take regulators months longer now to approve the 737 max. and that took that stock down more than 5% boeinga dow component and we're getting a statement from boeing saying we are quote informing our customers and suppliers that we are currentliest mating that the ungrounding of the 737 max will begin during mid 2020. bob is at the boeing post at the new york stock exchange with more hi, bob. >> it was down 5. %. the news was from cnbc that boeing did not expect the max to return until june or july as you heard. the company is now confirming essentially what cnbc was talking about earlier. so where we are right now is the company sent a statement once the exchange is sats fied that all of the news is is out, a notice will be sent down on to the floor here and here's the trader and the stock as we call him. they will then be able to release the stock. you'll get indications of where the open might be. you'll start seeing more people start showing up u and i expect that to happen in a few minutes. because of our reporting, the stock was down significantly and guys, 18 points. that's 140 points

boeing when it comes to the world's largest plane maker. airbus delivered 863 jets last year after hustling in september to ramp up output, that's more than the 800 planes delivered by boeing. boeing struggled in 2019 with several high profile setbacks including the 737 mac grounding a max grounding and delays to the 777 x program. >>> kona tanaka of japan turns 117 today. guinness world records verified her standing. they say she was born prematurely in 1903. that's the same year the wright brothers achieved first flight. she's still six years shy of the record for oldest person ever. >> >>> coming up at 6:30, a small earthquake at the south bay late last night. what we know this morning. >>> if you plan on coming out to the beach today, beware. it's calm behind us now at half moon bay. the national weather service extending a high surf advisory talking about 11 to 14-foot waves. what else to expect if you come out to the beach. >>> chilling new video showing a woman running up to a home crying for help and a man grabbing her and pulling her into a car. the possible kidnapping police are investigating now. >>> as we head to break, we're taking a live look outside at the bay bridg

earlier and suggested that boeing ceo said it hadn't happened this is the airline ceo saying it didn't happen but what does this headline risk mean for boeing shares and boeingnce. anything that even has the word boeing in it. >> we had the 777x first flight on saturday is being overshadowed by this there was only one fatal accident in 2020 that was one way too many. same thing in 2019 in the last decade that was the most fatal accidents there was one boeing and so the mix was different. and they're not all boeing aircraft you go back to 2016. that was the last airbus crash. >> the stock looking to open down again this morning but of course the market is almost in line with where the market is, what do you think the value of this >> irrational. >> how should a rational investor look at this company today? >> they look at this as a global monopoly and cash flow problems will be resolved that's why we're maintaining our 390 tampl 390 target we get there by looking at the concessions. the two things concessions to the airlines that they have to pay out and gross profitability of the aircraft that's now lower because of the additional cost chlts a. >> the map yo

boeing supplier spirit aero systems has announced it's cutting close to $3000.00 jobs amid the continued grounding of the 737 max airliner meanwhile the federal the federal aviation administration also said it plans to fine boeing about prices surrounding boeing and what was once its best selling airliner earlier internal memos were leaked revealing staff were aware of problems with the jets and withheld information from the u.s. aviation regulators the plane has been grounded worldwide since last march following 2 deadly crashes a widely circulated quote from the so this isn't the sort of scandal that's caused boeing to lose its position as the biggest plane maker in the world but this isn't just going to hurt boeing as it. you know that old you know to $737.00 max a crises is having a chain reaction not only has it caused around $9000000000.00 so far to going according to some estimates but also the company has lost its position as the world's largest play maker in paper or airbus boeing is about to present to model production over decent hmong these are will affect suppliers such as you mention spirit to resist i'm already announcing plans had to cut 3000 jobs let's not forget airlines either which have been forced to ground the 737 since

boeing. boeing uncovered a new potential design flaw in the max 737 what does that mn teatohe troubled air giants? >>> welcome back to "street signs. >> these are your headlines. >> international calls for calm from beijing to berlin, officials urge restraint from both the u.s. and iran as escalating rhetoric threatens to collapse the 2015 nuclear deal and raise tensions across the middle east. >>> oil stocks rally as brent crude and wti drive higher on the tensions but equity markets fall with sharp declines across the middle east and asia impacting early trade in europe. >>> a slowing in china's services raises tension but they lift as china prepares to send a delegation to washington to sign phase one deal with president trump. >>> and "1917" and "fleabag" take the big awards at the golden globes. while hbo and disney win on the front while "frozen 2" loses in the animated category. >>> we're just awaiting the uk pmi data we had the eurozone pmi data coming in better than expected and the uk number coming in at 50 versus flash estimate of 49 positive. >> better. interesting the data on the pmi front has been better than expected across the board. the eurozone pmi also being revised higher and providing a nice boost to the euro if we take a look at sterling, we have seen sterling around 1.31 ahead of that data, trading 20 basis points higher so, some support for sterling as well as the euro on the back of those pmi numbers. >>> let's take a look at how some of the other -- well, currency and some safe haven currencies are trading today given the geopolitical developments over the weekend and the last 24 hours or so. you can see gold still very much in the spotlight up 1.6% this morning trading close to a seven-year high now, gold just shy of $1,600 keep an eye on that as we continue to see inflows into the precious metal also we mentioned some safe haven currencies we're seeing a bid for the japanese yen and in the u.s. we're seeing a bid for fixed income the ten-year note is trading around ten basis points lower than a week ago. that's the picture for safe havens how about oil? we are seeing a big bounce in oil. in fact, one of the only sectors trading positive in european sectors is the oil and gas sector brent just shy of $70. $69.70 we briefly broke through that earlier on in the session. have come off a little bit but still up 1.6%. wti up 1.4%. a big spike in the price of energy markets a lot of that is on back of risk premium being priced into these markets. as for european markets, friday was a day of red today wouldn't be any different. you can see there is a lot of red on the board ftse 100 down 1.1% despite the fact some oil stocks are doing well bp is big today but other names are declining. xetra dax down north of 5% this morning. some industrialing names getting hit. cac in france and ftse mib some banks underperforming. as for u.s. markets and friday was a day which saw the three indices in the red, about 0.8% lower across the board on friday, worst day in the month today doesn't look like it will be any different s&p and dow, nasdaq, all seen opening up in the red as well. the world is really gripped by the geopolitical events that are occurring. all eyes on the middle east and how things develop between the u.s. and middle east in coming days. >>> meanwhile, house speaker nancy pelosi says the house of representatives will vote this week on legislation to limit president trump's war powers as tensions with iran continue to escalate it comes after president trump ordered an air strike killing major general qasem soleimani. mr. trump did not consult with congress before taking that military action. iran has announced it will not adhere to its commitments to the nuclear deal it signed with western powers in 2015 it comes amid tensions of u.s. killing the general. nbc's ali arouzi has more. >> reporter: a massive funeral procession for the death of general qasem soleimani. a tide of people have flooded the streets of mashhad and ahvaz where the funerals have taken place. crowds were very emotional and a sense of anger in this country there is a sense of revenge in this country and there is also a sense of fear as to what is going to come next while there is just an official iranian government announcement saying it's going to completely shed its commitments to the nuclear deal, it is not going to abide by any restrictions on uranium enrichment, the number of centrifuges they have, how advanced they are or on research and development. also we're seeing calls from the iraqi government to expel u.s. forces from the region there are also varying calls across this country from senior officials calling for revenge and saying that it will be swift. the head of iran's national security council said that iran will not only strike back militarily, but it has other options available to it as well, which could include choking off the flow of oil and cyber attacks. ali arouzi, nbc news, tehran. >>> let's take a look at the corps. air france klm shares are sharply lower after the airline announced it would run its entire flight schedule amid nationwide protests. some crew union members are calling to join the protests over the government's move to reform the pension system. air france said it plans to operate at full capacity today and tomorrow >>> and it's a new year but the crisis at boeinghe aerospace giant says it's reviewing a wiring ground on the 737 max which the faa has flagged has potentially catastrophic the latest issue is likely to further delay any faa approval of the max and may even require a redesign it comes as boeing attempts to repair relations with regulators amid a corporate crisis which has thus far cost the company $9 billion and a ceo. >>> well, this may come as somewhat of a surprise but 2018 was one of the safest years to fly, despite the crashes involving the boeing 737 aircraft there were eight fatal accidents in 2018 -- '19, according to the aviation consultancy 270 compared to 13 in 2018 at least it's moving in the right direction. what does 2020 have in store for the airline industry let's bring in the managing director and associate director of research at citi who joins us great to have you with us, mark. >> morning. >> reading your notes, seems like you're quite positive on the airline industry in 2020 it's been a rough couple of years. le

boeing's reputation for safety and quality. steve mnuchin warned the 737 crisis could have a bigger impact. >> there's no question that the boeing -- the boeing situation is going to slow down the gdp numbers. boeing is one of the largest exporters. and with the 737 max, i think that could impact gdp as much as 50 basis points this year. >> all right, boeing had continued to build the max for the last year even without being able to deliver it. it's preparing to temporary halt production of the model in the middle of this month. boeing's biggest supplier spirit air systems announced friday it's laying off 2,800 workers because of production suspension. boeing hasn't said how long that halt will last. by the time it's all said and done there are folks who watch this who say you could have 10,000 jobs lost relate today the boeing situation. >>> a cnn exclusive you cannot miss. cnn's arwa damon is the first journalist to tour the u.s. base that came under attack by iran last week. cnn's exclusive look what it was like to be on the receiving end of those attacks. sometimes your small screen is your big screen. and with the xfinity stream app, whi

boeing planes. i think boeing remains a central issue in the american economy, whether it be with jobs or exports. boeing was the way that the chinese often signalled that they were ready to do business now we're really limited to these ag deals it's not enough. they have to do something else i'd like to see more money spent here you know why i'd say that? we're going to get a tweet that says where's the buy the president is going to signal that they better start buying. it's not enough to let us do a little more business where are the buys where are the tractor buys where's caterpillar? where's trucks they have to start buying our stuff. >> we're going to wait for clarity on that for sure there's the opening bell, by the way. we'll talk to the ceo of the aircraft leasing company in about half an hour a biopharma focused of treating autoimmune diseases, a big health care conference next week i wurnlonder what you're lookino as we prep for one of the biggest conferences of the year. >> it's immunotherapy. what dovetails is the numbers for the american cancer society. i'm saying -- look, justice ruth bader

boeing. boeing said it will ground all flights through june 23rd. maybe the company's new ceo should listen to this guy, forward u.s. navy seal out with a new book "leadership strategy tactics." he goes into describing the kind of things that could make this crisis that boeing avoidable in the first place. it is a little late for them. i was thinking of you in some of the warnings that you have been an open atmosphere, one of the challenges of people talking openly and freely with each other. this seemed to be like a cancerous environment. >> it did, and it all results in the company not taking in the leadership of the company not taking ownership for these mistakes and saying, look, this is absolutely my fault. this is what happened. and i will not allow it to happen and hear the steps i will take to prevent it. and you got to make some drastic steps. it's a failure in leadership and it's hard to watch. >> neil: normally you try to deal with it before it gets out of control. in boeing's case, it was faulted after responding to two crashes. we find out communications were well telegraphed. engineers saying that all of you guys are dopes. the bosses were clueless. the ceo himself was out to lun lunch. >> when i'm in charge of something, if i'm not receiving

boeing. boeing reporting its worst annual net orders in decades along with its lowest numbers for plane deliveries in 11 years. of course, the grounding of its 737 max jet hurt the business, but we should also tell you that boeing, for the first time in decades, is reporting a net negative when it comes to orders of all of its jets. >>> delta airlines is the only carrier that does not operate the max, something that has been a head wind for its rivals. that along with lower fuel prices and holiday travel demand ramping up helped lift delta to its tenth consecutive year of profit. look at that stock, up 4% now to $61.83. other airlines getting a nice boost from delta's news. ual up 1.5%. southwest better by 1.25%. american airlines picking up the rear, up .66%. >>> game over, at least for now, for gamestop after the video game retailer forecast same store sales will decline more than what it had estimated. gamestop getting hammered now. this is now a $4.81 stock, losing 11.5% right now intraday. >>> from a gaming retailer to video game publishing, take two interactive giant, it is lower by 1.5% after brokerage stevens cut its rating to equal weight and chopped the price target on take two by $35 to $110. we are

boeing. boeing, clearly other things on their minds, but this will be something the market is focused on. we don't know the timing of when these numbers are going to come. >> expect the numbers today. they usually trickle in late in the afternoon. it is a monthly fair. of 2019, they will get the full tally of where they landed. in thented to get vicinity of 860 deliveries. what we have been hearing is they actually slightly exceeded that. that is good news for airbus. it also means i have leapfrogged -- and they have leapfrogged boeingt a fair fight at the moment. is behind on deliveries because of the grounded max. we have 400 planes sitting on the tarmac. if you factor that in, boeing would not look so bad. boeing does look bad. even if this most recent air crash was not mechanical fault, we have the emails from pilots saying the plane was -- what, designed by clowns overseen by monkeys? >> there is no way you can write more damming emails than that. a fascinating read going through these, and what sort of comes out is the engineers, the pilots, deeply concerned about the direction of the company. a lot of pressure from the top saying, get this plane out. make sure it does not need the deep checks some customers want, regulators want. mind tricks to get customers not to demand extra checks. a lot of pushback from within the company. as we know now, they managed to get the plane out, but it led to tragic results. matt: thanks so much for joining us. our global business editor here in berlin. he covers the airline i

boeing. boeing was partnering in taking this great leap into the future. of the heads of this program was the famous and billy really it test -- famous and brilliant test pilot edmund turney allen who was fabless at his job. he was an unusual man. job.bulous at his , anas m.i.t. trained aerospace engineer, a practitioner of yoga, and a vegetarian. he was a very wiry, little wisp of a man but he flew immense airplanes. the stratasically, liner, the constellation, the coronado, the d.c. line for boeing. he was in on the shakedown of all this airplanes. in fact, it was hard to get insurance for these new prototypes, big prototypes, if eddie ellen was not at the controls. there were other folks involved, george scher designed a whole harland fowler designed the really revolutionary flaps. there, now what it the time they were religion or air catching flaps for the airplane. so many people who are really the best in the world were involved in this project. but, as you can imagine, with this much new stuff happening all at once, and you are trying to stitch it all together, or weld it into the same machine, you're going to have problems. this is a famous quote, the b-29 had as many bugs as the entomology department at the smithsonian. it was full of problems because it was being tested as it went into combat, literally. it was going so fast. as the biggest problem the airplane-it had many problems. had many things that were exciting but all those things that were exciting were also risk

boeing. some are looking at saying boeing, boeing, gone because the 737 max delayed yet again. will this thing ever fly? after this. ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. neil: all right, makes you wonder if not for boeing how would this market be doing? it would be up a lot more to put it mildly here. we have run down from the record territory we were in just earlier today but boeing's stock is indeed a drag. the jetmaker is pushing the return of the 737 max with some analysts now predicting it could ultimately cost the company in up front charges upwards of 25 billion. that might just be for starters. pilot, aviation analyst kyle bailey

boeing we're talking about. it is -- boeing is a great american company it is shocking to me how people say, i want to be on an airbus when can boeing make it so that -- geez, this max, can they do something so substantive? >> i think that it is going to take several months for them to get past that. i think once it starts again and we're going to have both on social media as well as other reports of let's say somebody takes off on a max flight. every day there are dozens of airliners that turn around for a variety of reasons they turn and go back and make a landing at the airport with the max plane, you hear people say, oh, boy, here we go, a problem with the max, a problem with the max, it is going to take them some time to get past this. that's the reality there is nothing else you can do can't brand your way out of this, you can work with the airlines to try to reassure customers. the i think it will take two, three, four months before you finally hear people stop bringing it up. >> phil, we appreciate it. lebeau handles everything. >> what do we think about the fact that the biggest stories right now are tesla, and the fact tha

boeing equipment. we have 600 boeing planes in our fleet. it's still the primary source, is boeing equipment. boeing needs to get through this crisis. we want the max to be up in the air. we don't want to be a beneficiary for something like this, the plane not flying. liz: we don't know when and if it will ever be back up in the air, but once it is fixed, would you consider a delta buying some for the fleet? >> i think the plane certainly will be flying and i think -- i don't know when in the year it will be flying but i do think it will eventually get to a certification process with the faa and get both the employees as well as the customers comfortable with the overall safety of the airplane. i have a lot of confidence in dave calhoun, the new ceo. liz: would you add it to delta's fleet? >> at some point we would consider it. absolutely. liz: we have oil issues here, jet fuel. tell me how you are hedging when it comes to that. one minute it's up and spiking above $68 for brent and then now it gets below $60 here for west texas intermediate. >> that's actually the reason why we don't hedge. b

that this came from a government spokesperson in afghanistan saying this was a boeing aircraft it is not a boeing aircraft. boeingmake that aircraft as you take a look at shares of boeing, the focus today in terms of investors, when they look at boeing, is what happens when the company reports earnings before the bell on wednesday and specifically what does ceo dave calhoun say about a potential charge relative to the 737 max and his outlook over the next couple of quarters that conference call with analysts will be crucial to what happens in terms of how boeing shares react after the earnings are posted on wednesday morning. >> all right phil, thank you. it's not just boeing and airline stocks in the red amid today's sell-off coronavirus fears having an impact on several travel and tourism names as well. tom white and james hardman join us now good morning >> good morning. >> good morning. >> now, james, i'm wondering specifically about the impact here when it comes to guidance for some of these companies which have not been faring so well up to this point in the market what do you expect to hear what should inv

boeing 737 maxes return to service before meet the year than expected the f.a.a. described boeing's mid-year timeline for a return to services very conservative boeing stock rose sharply on the news shares had for an early on reports boeing was mulling more cuts to production of its 787 dreamliner. last month the watch trade organizations appeals court for dealing with trade disputes effectively collapsed when the u.s. blocked the appointment of new judges to it when now the here opinion union china and 15 other countries have agreed to create an ad hoc appeal body to overcome the u.s. blockage and to continue to have access to an impartial and high quality dispute settlement system. amid the snow capped peaks of devils last week something of a thaw set in on the chilly topic of world trade several countries trade negotiators met at the annual world economic forum gathering to agree a way forward for the w t o system for settling international trade disputes when the us blocks the appointment of new judges in december to the w t o's body the supreme court of trade dispute appeals that body ceased to function but the e.u. has managed to agree a temporary dispute settle

boeing employees had concerns about the plane and its apparent rush to market years earlier boeing apologized for the content of the e-mails in a statement. we have made significant changes as a company to enhance our safety processes the company says it is confident all of boeing's max simulators are functioning effectively. in december boeing announced it was pausing production of the max which isn't expected back in u.s. skies until this summer at the earliest stephanie gosk, nbc news >>> now to our nbc news investigation new alarms being raised about voting systems connected online in several states could that make them targets for hackers? nbc's cynthia mcfadden with the story. >> reporter: we've heard it at congressional hearings for years. >> our voting machines are not connected to the internet. >> those are not connected. >> voting machines themselves are not connected to the internet. >> we knew that wasn't true. >> reporter: cyber security expert kevin scoglan wanted to prove it so he and nine other independent security consultants created their own search engine looking for election systems online. habeen left online and we're still re. tinuing to find >> reporter: voting machines themselves are not designed to be online so how are some voting online

boeing life and an engineer. boeing has always shown as prowess in engineering which feeds through to safety. will he be close enough to the technical aspects of business? that aside, he has to start an enormous campaign of rebuilding trust overall in boeingrestore credibility internally, we have seen a constant newsletter about bits of toxic dialogue coming out, the cultural issue to adjust —— address there, the relationship with the regulator, not only the faa and usa, but the safety agency in europe, that has to be rebuilt if they are to get recertification. and building confidence to the flying public and the flight crew and cabin crew who will work on this aircraft. is resolving the issues resolving the 737 max if possible getting back in the air, as it were? it has to be. those aircraft are sitting there, they have altered production, it is disruption for airlines and they are already racking up big compensation claims from airlines. now with the supply chain disruption as well, that has implications forjobs and it means, ultimately, to restart productions quite complicated. it means, ultimately, to restart productions quite complicatedm sounds like there are multiple issues with regard to this new plane, as it were, not least publi

boeing. on top of a day that's already down, on top of a day seeing global markets under pressure, that headline is certainly not going to help boeing therefore, boeingh a large part of the dow is going to put more pressure on the dow and the s&p. but it's going to be difficult until you see what the -- what the cause of that crash was. was it, in fact, just pilot error or is it, in fact, another problem that's going to be very specific to boeing as the news comes out, you and i would be able to have a better conversation that >> absolutely. let's take a look at some of these other earnings names reporting before we move on. really, really big week. we'll hear from apple, we'll hear from facebook, caterpillar, mcdonald's, starbucks, so many others any opportunities you see here, which ones would you be watching most specifically for investors to make a little money here, especially as some of these names have run really far relatively quickly >> i actually wouldn't be surprised. any earnings coming out tonight, whether or not they beat or not might see pressure because of the overall tone one that will be curious to me -- certainly caterpillar will b

and boeing shares after a report that a boeing plane crashed in afghanistan. we'll bring you more information as we get it. >>> fugitive former ceo carlos ghosn speaking to phil lebeau. we'll show you what he said. that's next. sfx: [phone ringing]

boeing. bringing this huge business into the crosshairs of essid boeing's fault if the us gdp figures don't load where the president wants them to land. enter a remind our viewers why boeing is centred around this fleet of planes, the 737 max, rounded globally for the foreseeable future. it has been grounded since most since two tragic accidents, two crushes of these planes. as to what has been happening in whether has been change at the top of boeing, because what is been coming out through the development of this aircraft, questions, challenges, internal issues that went through the production. we don't know what that is all about and the investigation continues. but the macro effect on the size of boeing and the impact on the size of boeing and the impact on the us economy, we can see this when the us economy, we can see this when the treasury secretary is suggesting there will be a reduction to gdp growth. dave calhoun, 62, has a lot on his play. kulver ranger is back later —— plate. we have news briefing to come, of course. a massive column of ash is spewing out of a volcano in the philippines, which experts say could be about to erupt. thousands of people have been

employees also complained about boeing's senior management. boeingit is considering disciplinary action against some workers. faa grounded the max fleet last year after two deadly crashes within five months. >>> california could become the first state to sell its own prescription drugs. yesterday the governor released details of a new proposal as part of the state's budget plan. he said the plan would increase competition in the generic drug marketplace. it would also lower the cost of medications by having california contract drug makers to make certain prescriptions under a state label. the full proposal will be unveiled today. >>> and taco bell will now pay some of its general managers $100,000 annual salary. the pay raise will start this year at some of the roughly 450 corporate owned locations. general managers currently earn between 50 and 80,000. the company announced it will offer paid sick time for all workers at company owned stores. the move comes amid an increasingly tight job market. >> prince harry and meghan split from the royal family

boeing to lose its position as the biggest plane maker in the world but this isn't just going to hurt boeing is it. not old you know to $737.00 max a crisis is having a chain reaction not only has it caused around $9000000000.00 so far to boeing according to some estimates but also the company has lost its position as the world's largest playmaker in favor of airbus boeing is a baldor to preserve jobs let's not forget airlines either which have been forced to ground the $737.00 since march old mass who'd also raise up to have percentage point of the u.s. g.d.p. in the current quarter. there is still not real and being sorry for all of these crisis. thank you lisa harlow there with the view from wall street now to some of the other global business stories making news. and warren air busted throwing boeing as the world's leading plane maker the company delivered 863 aircraft in 2019 while boeing had made just 345 deliveries by november air bus would have sold even more planes but had some production issues with its a 321 which it launched in june a. german flag carrier and its subsidiaries including austrian airlines have canceled all flights to and from tehran for the next 10 days it follows the crash of a ukrainian airliner o

boeing over the grounding of the boeing 737 max following two fatal crashes, the carrier says.it did not specify the size of the payment but turkey's hurriyet newspaper reported that it was worth $225 million including $150 million in compensation and $75 million covering things such as spare parts and training. airbus has become the world's largest planemaker for the first time since 2011 after delivering a forecast—beating 863 aircraft in 2019. that's according to airport and tracking sources. a reversal in the pecking order between the two giants airbus and boeingcrisis over boeing's grounded 737 max drags on into 2020. patek philippe is one of the few luxury brands that's still family owned. the 180—year—old company also makes some of the priciest watches on the market. sharanjit leyl spoke to the fourth generation president thierry stern and asked if he'd consider selling the business. i'm not willing to sell, the fifth generation is going to take over, to be frank i think they know i'm not for sale and of course they will a lwa ys for sale and of course they will always try. we are only two family companies left. after that lucky said, they all belong to groups but is it good? i'm not sure. so at a time when you are seeing a global slowdown, trade wars, economy is slowing, how is that impacting your sales ? slowing, how is that impacting your sales? it doesn't impacted too much. as we are such a small amount of watches, the world, it's so big, if you compare yourself to another big company, some people would produce a million watches. i have