project, and very important to the future of the boeing company. first flight, 1954. and it was being introduced in the summer of 1955. boeing used to invite its airline customers to come to the hydroplane races every year on lake washington. the speedboat races. and that year, that summer, tex johnson, who was boeing's chief test pilot, had been instructed to take the dash-80 off, fly over the hydroplane races with all the airplane customers watching, and turn around and fly back to show the airplane off. well, as it came over the race course that time, he did a barrel roll with the airplane, went down, turned around, came back, and did it again. it is one of the famous moments in history of commercial aviation. the legend is that the next morning, william allen, who was the president of boeing, had him on the carpet saying, why in the world did you do that? and legend has it johnson's response was, "well, you told me to sell airplanes." but it was -- these airplanes, especially the 707, these were the airplanes that really gave birth to the mode

jack, thank you for that kind introduction and the kind words about the boeing company. we are honored to support and partner with you, the international air and space museum. thank you for your leadership and your service to our country. let's give jack dailey a round of applause. as general daily says, this is an exciting year for us. the 40th anniversary of the national air and space museum. boeing will celebrate its centennial. we will be 100-years-old on july 16. and the early celebration on july 1. one that involves all aspects of airspace. we think back to the first century of aviation, people went from walking on the earth to walking on the moon. we went from riding horses to flying airplanes and spaceships. it has been an incredible journey and boeing has been honored to be a part of that. and tonight, it is my privilege to introduce the speakers and moderator that will be leading tonight discussion around space i can tell you personally as a , space enthusiast how excited i am that this is the topic for tonight. first of all, i would like to recognize michael c

i'm greta lundberg, vice president for strategy and advocacy at the boeing company. be here with you tonight to celebrate the boeing milestone of flight hall during our centennial year as well as this museum's 40th anniversary. and also my birthday. so it's a special night for me as well. [ applause ] >> thanks. as a mother of a 4-year-old, my daughter talks a lot about what she wants to be when she grows up. some weeks it's a firefighter. other weeks it's batman or wonder woman. but after countless visits to the air and space museum, all she talks about now is wanting to be an astronaut. while her career options may evolve, i know she'll never lose that fascination with space and science and innovation, and that's a testament to the stories and experiences this place unlocks for its millions of visitors each year. that's the reason that boeing has supported the national air and space museum for more than two decades. we agree with the museum that our goals should be inspiring the next generation of innovators and building on the progress of the last century. now thi

jack, thank you for that kind introduction and the kind words about the boeing company. we are honored to support and partner with you and the national air and space museum. let's give jack a well deserved hand. and as general daily said, this is an exciting year for us. the 40th anniversary of the national air and space museum. boeing will be celebrating its centennial. we'll be 100 years old on july 15. we'll have that early celebration on july 1, as you said. and it's one that's involved all aspects of aerospace. we think about during that first century of aviation people went from walking on the earth to walking on the moon. we went from riding horses to flying in airplanes and space ships. it's been an incredible journey and boeing's been a part of. that it's my privilege toinlt deuce t -- to introduce the speakers. as the space enthusiast, how excited i am that this is the topic for tonight. first of all, again, i want to recognize michael collins. it's a privilege to have a national hero here with us tonight. and i mentioned earlier that when i told my 15-year-old

this comes from, again, the boeing company. this is their frontier magazine. military derivatives, front and center. this is a continuing problem. look, this isn't stark contrast, mr. chairman. for a company like lockheed martin. lockheed martin said this, they're not going to do business with the iranians. god bless lockheed martin. they could be selling helicopters. they could be doing all kinds of things. but they've recognized, mr. chairman, that they ought not to be complicit in this adventure. the also interesting to me to say, the gentleman, my friend from new york, a couple of minutes ago was echoing a criticism from the u.s. chamber. u.s. chamber said this, congress should avoid intervening in commercial contract agreements in instances such as these where national security matters are not involved. ok. wrong on two counts. numb one, it's an-- number one, it's an assertion that this is a commercial deal. i'm asserting it's military. that's true by definition. it's true by boeing's own admission. secondary, when do we defer to the chamber of commerce f

i'm greta lundberg, vice president for strategy and advocacy at the boeing company. r to be here with you tonight to celebrate the boeing milestone of flight hall during our centennial year as well as this museum's 40th anniversary. and also my birthday. so it's a special night for me as well. [ applause ] >> thanks. as a mother of a 4-year-old, my daughter talks a lot about what she wants to be when she grows up. some weeks it's a firefighter. other weeks it's batman or wonder woman. but after countless visits to the air and space museum, all she talks about now is wanting to be an astronaut. while her career options may evolve, i know she'll never lose that fascination with space and science and innovation, and that's a testament to the stories and experiences this place unlocks for its millions of visitors each year. that's the reason that boeing has supported the national air and space museum for more than two decades. we agree with the museum that our goals should be inspiring the next generation of innovators and building on the progress of the last century. now

then i got out of the air force and i was looking for a job and i got a job with the boeing helicopter company outside of philadelphia. i was building aircraft for couple years and then one day my wife saw this advertisement in a paper. she said have you ever heard of the secret service uniform officers. i said i've never heard of them i heard of the secret service but not this division. they said you had have a college degree and i said it was gonna work so i went to work at boeing but things were slowing down and i filled out this application for the secret service uniformed division and it took about three months and i got a phone call back. it took me two and half years to get to the point where they did enough background check where they thought i was a reliable person and then they started giving me the test. you have to give urine test and polygraph test and the polygraph test took me five and half hours you would think after five 1/2 hours they would've given up but i finally got through that and i'm then i was down in maryland for training. i was back in maryland to finish up my train

air force have led to costly delay, but dennis muhlenberg believes his company is close to revolving those issues and boeing still sees strong demand around the world for new commercial planes. that's reassuring to investors. as for the company's two most popular models, the 737 single al and 787 wide body, there are deep ord is delivering more commercial airplanes, the company has cut its full year earnings guidance . a sign the aerospace giant is paying the pricem line night business report, i'm. >> in a separate regulatory filing, boeing said it ig e prof its iconic 747 jumbo jet due to the low order rate. >> now to fellow dow component, coke, which saw sales fizzle. fell short of expectations as consumers across the globe drank less soda. the declin in volumes fell more than 3% and that made coke the worst performing stock on the blue chip dow index today. sarah eisen now with more on coke's challenges. >> coca-cola reporting a mixed quarter, beating on profit expectation, but lowering outlook for sales and mising analyst's forecast. the reason, coke is experiencing a challengo economic environment with

boeing has delivered more than 1500 of the planes since 1970, when the style was introduced. the company says production could end if there is not more sufficient demand for the planes in the future.ra is recommending all pregnant women in the u.s. get screened for the zika virus. that's whether or not they've traveled to zika hotbeds. the cdc is also recommending a more sophisticated blood test. zika is widespread in parts of south america and the caribbean and has been linked to a birth defect. there are now 450 pregnant women with zika in the united states. the library will be built in a park on the city's south side along lake michigan. it is also near the university of chicago, where the president once taught constitutional law. president obama is expected to announce the selection next week. randy: no winner for the powerball jackpot. last night's drawing failed to produce a lucky ticket. that means the jackpot is now up to $478 million, the eighth largest prize in u.s. history. the next drawing will be saturday night at 11:00. erika: check this out -- that's a 200 pound shark reel

of time with the boeing helicopter company up in pennsylvania outside of philadelphia. i was building aircraft for couple of years and one day my wife saw this advertisement in the paper. she said did you ever hear of the secret service uniformed division? and i said no. i heard of the secret service which when i first got out of the air force i contacted them and they said well you have to have a college degree and i said well that's not going to work. so i went to work at boeing. so things that boeing were slowing down so i filled out this application for the secret service you division. it took about six months and i got a phone call, took me two and half years to get to the point where they did enough background check for they thought i was a reliable person. then i started giving the test, you have to give a urine test and a polygraph test, test, the polygraph test took me five and half hours. you'd think after five and half hours they would have given up. so i finally got through. the next thing i knew i was down in maryland learning to be a police officer for the

today, over a third of fortune 500 companies, including companies like boeing, cvs, and ford, offer transgendered coverage. that is up from 0 from companies in 2002. nondiscrimination policies that 2/3 of fortune 500 companies -- and for the public sector, all civilian federal employees have access today to help insurance plans that provide coverage for transgender-related care and medical treatment. all this is a sea change from just a decade ago. based on its analysis of allied militaries, the expected rate at which american transgendered service members would require medical treatment that would impact their fitness for duty or deportability, rand's analysis concluded there would be minimal "minimal readiness impact from allowing transgender service members to serve openly." in terms of cost, rand concluded that health care costs would represent, again their words, "an exceedingly small proportion of dod's overall health care expenditures." as result of this year-long study, i am announcing today we are ending the ban on transgender americans in the united states military. effective immediatel

production of the companies other brands will take place in foreign countries including canada and mexico. ben: a bit of aviation history may be coming to an end. airplane maker boeing suggests that it may end production of the 747. the company has been building the jumbo jetliners for more than 50 years. boeing is already planning to reduce production of the planes to just six per year after reporting weaker sales this week. the next president gets a 747. maria: chipotle is getting into the burger business. made. the first location will open in ohio. chipotle has struggled to recover from an e. coli and norovirus outbreak last year. its profits plunged 82% last quarter as the company resorted to pricey promotions aimed at luring customers back. ben: nobody one last time. the jackpot prize. if you're wondering your odds of winning are about one in 292 million. maria: jc just said she is going to buy for everybody. this afternoon she is celebrating her 107th birthday. get ready to meet una and hear her secrets to longevity. that's next on newscenter 5 at >> don't act silly. that takes care of everything. maria: behave yourself. ben: that is what she said. she celebra

vast wheat fields, and yes, often the national christmas tree, also the proud home of the boeing airplane company celebrating its 100th anniversary this month, builders of the greatest jet in the world, we are named after the first president of the united states. and we are proud now to nominate for the 45th president of the united states, 44 votes for donald j. trump. cheers and applause] >> pursuant to the announcement of the delegation and the rules of this convention, washington, 44 votes, trump. delegates. inia, 34 >> madam secretary, i proudly hold up a coal miner's hat from an industry that's been pillaged from this administration. it's been devastating what has happened all across the country. as the son and grandson of coal miners as a proud son of west virginia, my state has paid a heavy price under this administration. tens of thousands of coal miners across this country have lost their jobs over the past seven and a half years. it's time we change course with a man named donald j. trump. [applause] this campaign is personal to us. donald j. trump is truly an instrument of hope for so

force, and i was looking for a job, and i got a job for a short period of time with the boeing helicopter company up in pennsylvania outside of philadelphia. and i was building aircraft for a couple years. and then one day my wife saw this advertisement in the paper. she said did you ever hear of the secret service uniform division? i said, no, i never heard of it. i heard of the secret service. when i first got out of the service, i contacted them, and they said you have to have a college degree. i said, well, that's not going to work, so i went to work at boeing. things at boeing were slowing down, so i filled out this application for the secret service uniform division. it took about six months, and i finally got a phone call back. it took me two and a half years to get to the point where, you know, they did enough background check where they thought i was a reliable person. so then they started, you know, giving the tests. you have to, you know, give urine tests and a polygraph test. polygraph test took me five of and a half hours. yeah. [laughter] and you would think after five and a half ho

boeing's still one company with a stock that has ignored the bloated inventories of the bigger planes. i don't want you to own it going in, because in the stock market, ignorance is not bliss. well, mohammnth leez, you mightt to take profits in norfork southern stock. i don't think norfork southern's ready to call a turn in the key cargo, something that hurt union pacific's earnings when it reported yesterday. after the close, we get reports from one of the most beloved, facebook and whole foods. facebook has rallied so strongly, it is hard to ma'imag it will put up the kind of numbers. meanwhile, whole foods will talk about the 365, smaller format, it's going to talk about how that gamut is working, and i think we're going to like what we hear. plus there's less competition these days. we know the company's been vigorous in buying back stock. then we get bristol-myers. and i recommend some before and some after. it is not as good as j&j, but nobody is anymore. after the close thursday, we're going to be judge being the two most difficult tech stocks, alphabet, former lly known as goo

. >> from the delaware county county time boeing employees celebrate the company's 100 anniversary while also celebrating the anniversary of the delaware county site. 4800 employees work in the h47 chanook and b22 osprey programs, engineering labs, and the philadelphia design center. >> and that's a a look at some of the newspaper headlines from around the delaware valley. >> well, pat joins us now with a pro view of sports, good morning, sir. >> morning, guys, phillies didn't have very much luck with the mets this weekend, sunday they struggle. we'll show you what went down next in >> welcome bark, 5:23. busy weekend in the worlds of sports. >> and here is the man to tell us all about it, pat gallen. >> good morning, guys, who you are you? yes, phillies, are try to get back on track when they open series against the miami marlins tonight, in south philly. yesterday, the mets, jumped out to a one-nothing lead, in the second inning. that ball, yes, just inside the line right there. as the mets would take the early lead. that's juan, the phils were never in this one. and mets fans enjoy a

among the flights were the m-346 trainer company leonardo, the boeing hornet, the euro titan typhoon, and the f 35. the impressive formants of the forer was a victory lockheed, which had to cancel its appearance two years ago due to engine trouble. now my interview with joseph white. i asked him what the israel-turkey reconciliation could mean. white: it is- mr. not a secret that we have good defense contact with turkey and turkish industries. the project went ahead. we were very proud to cooperate with turkey for the benefit of turkey. unfortunately, what happened happened. it is sorry. after these agreements have come to a reality, we need some time time tosides will need digest, renew connections, have a government before we as an industry will run and grab from both sides what is there for the turkish government. i believe also, and i want to industries,turkish they are advancing the technology base, i'm sure, for that. i am a aware of part of that. come, we will have to be more creative, and of eight of, and more open in what we call today -- innovative in what we call data share

airbus and boeing [indiscernible] .oth companies when deals david: thou post is making money again afterg money. it rose about 1.25 percent in june, bringing the year's gains to a person with knowledge of the company. a call for a financial transaction tax on wall street, but likely presidential nominee hillary clinton is not taxing big x, but instead wants to .arget high frequency traders david: the republican national convention starts monday, and donald trump may be on the verge of naming his running mate. he was seen arriving at the home of indiana governor mike pence. there was speculation the governor could be the top contender for the position. for more, we go to bloomberg politics managing editor, john heilemann. your partner in crime, mark halperin, had his cell phone out to capture donald trump arriving at the governor's mansion. from all this, do we assume tenses the front runner? john: i don't know that that is true. for a moment this morning, when it was clear trump was meeting with pens and that his family was there, it all seemed like this was obviously headed toward tense

is it too early for you to have a true sense of what the impact will be for boeing and for other companiesr the next couple of years? >> it really is too early. we don't see a significant impact right now. we have longer term perspective in our business. we've doubled our presence here in the uk over the last five years. we're going to continue to invest here. we don't really see our plans changing. >> reporter: in regard to this show, it's a little different than past years. the huge orders that we've seen over the last five or six years, we're not expecting that to the degree this year. the focus is on the backlog. what do you say to investors who are concerned that the backlog is so great that the execution may suffer? >> we feel very positive about our backlog. we have 5700 commercial airplanes in our backlog today. we expect to build -- as steady orders flow, not as great as previous years, stronger in narrow bodies than wide bodies. this is about execution and successfully delivering on that backlog. >> reporter: that means the 737. you've laid out an aggressive production schedule u

now you can't tell me and i know enough about boeing and other companies, that they know their supply chain right now to where it starts in the ground somewhere. everything that's in a plane, they know where it came from. for them to say they don't know where it cames from or i can't know is simply that they want to get it on the cheap. and don't care about the human values in central africa. now, the gentleman has taken -- given me the opening which i didn't know if i'd have, but his own church, the christian reform urch of north america, their coordinator of office of social funding section 1502, amendment number 34, is immoral. it will result in violations and will undo works toward conflict free mining in africa. this is a longtime battle and we have had no one come up with any other way to deal with this except to autooff the money to the militias. to say there's not armed conflict in eastern congo is someone who has their head buried in the sand because if you go over there, you know it's con frict from rwanda and uganda and all the countries in that area because this stuff is v

companies like boeing and air bus. they make us great. they make america great.we heard him speak and talk about good trade deals and creating more jobs and putting more americans back to work and bringing our companies back to this country, he spoke to us and people that felt like they had not heard people actually speaking what they want to do hear from for way too long. we heard it and supported it and alabama has been on the trump train from day one. >> yes, you have roll tide. >> war eagle. >> oh. now, bill, we have one more person over here. south dakota, what's your name? >> hi, i'm lynn. >> how are you. >> i'm good. how are you? >> you have mount rushmore there. >> we are famous for mount rushmore everybody should come visit us. >> do you think trump should be on mount rushmore. >> i think we have room for him but we would have to get the hair just right. >> a lot more construction there. >> i think we can make it work. >> thank you very much. we have the last personal, bill. rhode island, smallest state in the union, and how tall are you? >> i'm about 4'

the southeast manufacturing leader with companies including boeing and bmw. we are south carolina.all 50 delegates for donald j. trump. [cheers and applause] mr. kent: pursuant to the announcement of the delegation and the rules of this convention, south carolina, 50 votes trump. ms. hudson: south dakota. 29 delegates with the following bound delegates. 29 trump. >> madam secretary, the great state of south dakota, home of crazy horse, mount rushmore, and other great faces and great places, proudly nominate and votes for donald j. trump. [cheers and applause] mr. kent: pursuant to the announcement of the delegation and the rules of this convention, south dakota, 29 votes trump. ms. hudson: tennessee. with the following bound delegates. 33 trump, 16 cruz, nine -- >> madam secretary, the volunteer state, no state income tax, a budget surplus, and a balanced budget, a state that is in the top five in jobless growth, -- job growth, number one in auto manufacturing with a , twolican governor republican u.s. senators, seven republican congressman, and a 2/3 majority in the state house an

boeing and airbus getting a boost of another company. ff the action at the air show on monday with a deal for 30 boeing 737's. go airline india is looking to buy 78 at $7.5 billion. as you can see, aircraft leasings has been growing in popularity. increased competition and now brexit perhaps clouding the outlook. let's bring in our next guest. flattery. ceo donnell welcome to our studios today. if we take a look at it, it seems the appetite is robust. we know it is slowing down. guest: people coming into the show this year, it is interesting to hear an order coming from tony this morning. it is not surprising. airasia is growing really well. they had a difficult number of years, but their joint venture strategies and different countries is paying off. the world of aviation, you have parts of the world doing really well and's parts of the world that are plateauing. angie: ryan air is saying we don't know what the plan will be after brexit. domhnal: i have known michael for 25 years. he runs the most successful airline in the world. more ca

i'm encouraged that there's a memorandum of understanding with american company boeing to purchase 80 jet airplanes and lease another 29, supporting over 100,000 jobs in the united states over the next decade. rather than unwinding this agreement, people should support and strengthen it. notably, our own partners in the -- our other partners in the agreement have already started to take commercial advantages. i'd rather have american companies at ploge than airbus sell more planes to iran or the french bombardier manufacturer. the rest of the world has moved on, and america should not move backward. in a troubled world, an opportunity to strengthen ties with the former enemy through trade, job creation and bringing us a bit closer together should not be a major cause of concern. it should be a cause of celebration. the speaker pro tempore: the chair recognizes the gentleman from north carolina, mr. mchenry, for five minutes. mr. mchenry: thank you, mr. speaker. i rise today to honor mike ryan, a great man and a friend from rutherford county, north carolina. mike served as an alterman

airplane maker boeing suggests that it may end production of 747. the company has been building the jumbo jetliners for more than 50 years. boeing is already planning to reduce production of the planes to just six per year after randy: asian markets are in the red this morning. on wall street stock futures are higher. investors are looking for the latest snapshot on jobless claims. all pregnant women in the us should now be screened for the zika virus whether or not they have traveled to areas where there's an outbreak. that's a big change coming from the centers for disease control. zika, which is widespread in parts of south america and the carribean, has been linked to a birth defect. the cdc is also recommending a more sophisticated blood test for the virus. there are now 450 pregnant women with zika in the united states. the hot weather can really take a toll on your heart. erika: especially if you, or someone you love, already has risk factors. a few things to keep in mind, pick the right shoes. your feet certainly sweat a lot but well-ventilated shoes or

for stri titans, boeing and airbus, the big question is how do they manage a backlog of orders as new companies enter the mix. phil lebeau has more from marlbo >> after years of soaring higher with huge orders for new planes, boeing and airbus are shifting their flight plans. the focus now, delivering more planes and cutting int a massive backlog of orders. >> we get about 5700 commercial planes in our backlog today. we expect to build about one this year, so not as great as previous years. stronger and narrow bodies than wide, but this is about execution now. and successfully delivering on that. >> boeing and airbus have increased their annual deliveries and their latest models which are more fufl efficient are in demand, but new commercial planes like the cs 100 from bombardie is an option for airlines, in this case, offering a plane with a wider al and seats than those found on most planes in service. >> we believe we ha unique solution and the customer likes that. coming from a company based in canada a long-term threat? >> you've got a better experience, in flight poten to be perhaps. bett

she would come back, get a deal with boeing or something and then those same companies and countries that got the deal would pay bill clinton double, $400,000, $500,000 for an hour's speefrp. in some cases they would send money to the clinton foundation is an e-mail to track that to say, hay, track that. pay to play and quid procrowe. >> you see republicans going on on with tajjing pounds. >> you have two islands, mainland china and the o'island and you need a ferry. >> wake up, everyone. get the book on amazon. >> you're doing a great job. >> thank you. >>> police hunting for a person of interest against homeless men in san diego with two of the attacks turning very deadly. the latest incident happening today with the homeless man set on fire and not expected to survive. this attack is not attacked to the laetsest. which including the murder of two homeless men and a stabbing of a third. take a look there. wearing a baseball jacket and baseball kachlt they describe him as being between 30 and 50 year ofrs age. >>> who's on donald trump's shortly v. pchlt list and what do they think?

the biggest loss is related to the dreamliner, boeing's carbon fiber jet. the companyted hits from the refueling tanker for the u.s. air force. goldman sachs is said to be about to start raising money for its first private equity fund since the financial crisis. according to a person with itwledge of the matter, may be up to $8 billion. the firm will contribute a relatively small amount of capital because of post-crisis restrictions on risk-taking. pokemon go is finally available in the country where it all began. after becoming a viral phenomenon in the u.s., australia, and europe, the app can be downloaded on ios and android in japan, the country that gave birth to the pokemon franchise two decades ago. shares are trading higher in tokyo, adding to a run that has seen the company's market cap double in two weeks. that is your bloomberg business flash. anna: thank you. philips lighting, the world's largest general lighting company, has reported second-quarter revenue of 1.7 3 billion euros. it's the first quarterly results after being spun off by its parent. manus: jo

boeing. two restaurants, voila, a heavy machinery company and the world's largest maker of airplanes. let's start with panera bread, yesterday, steeple recommended people sell the stock of panera bread on the same day that the company reported earnings. they predicted the company's sales would be not so stock and that the stocks would get hammered when we all saw the numbers. the reasoning? in was a broad macro call so to speak. the analyst thinks the economy is slowing down and the restaurant bitz is the wrong place to be in a slow down. but panera didn't stick with the script. no, no, no. it reported a surprise, a giant one. giving you solid projections that the numbers would continue. i would call the results better than expected. but more importantly, they were sharply better than what steeple me dikted. those who bet against panera were playing with the wrong thesis, playing with fire. at the same time, the panera bulls, who wanted to wait for the quarter in order to not get blindsided jumped in too. bingo, you get a magnificent run. buffalo wild wings, ooh, it's a little more co

violated evidence of the nuclear deal in their pursuit of different materials and you have companies like boeing and others poised to sell them something, that can be used for terror. it has not been a good year for the deal, it is an example of overpromising and under delivering by the administration yet again. charles: let's talk about the crony capitalist aspect, that is why the western world is pushing back on the establishment on both sides of the atlantic, thank you very much, appreciate your time. the bank of england not moving, there is more i had. what happens when the punch bowl runs out? we will can it next. ♪ i'm going to make this as simple as possible for you. you can go ahead and stick with that complicated credit card that limits where you earn bonus cash back. or... you can get the quicksilver card from capital one. quicksilver earns you unlimited 1.5% cash back on ev-e-ry purchase, ev-e-ry-where. i shouldn't have to ask. what's in your wallet? charles: looking at life pictures of martin's grilli expected to get a date for his trial. he has a lot of stuff he is working through f

boeing. and other companies. to bring iran, closer in to a western market economy.is all good. i think that is all good for everybody. now we have a long way to go, is iran still a state-sponsored terrorism? yes, are they going to continue to play some vrs games? yes. but, again, these things are not resolved in one sweeping decision or agreement. maria: yeah. >> if you can keep moving in the right direction, yes, one last point on the vice president military issue. maria: please. >> yes, these are dangerous times but that doesn't mean you need a military earn to be president or vice president you have got a tremendous amount of other orifices would i you the put military people in. >> good point thank you so much. >> secretary chuck hagel there, we will be right back. to folks out there whose diabetic nerve pain... shoots and burns its way into your day, i hear you. to everyone with this pain that makes ordinary tasks extraordinarily painful, i hear you. make sure your doctor hears you too! i hear you because i was there when my dad suffered with diabetic nerve pai

boeing's cash holding up well even as the company recorded a net loss for the last quarter.ixedays, you have earnings news and you have mixed markets overall as well. vonnie: makes for interesting times. let's check in on the bloomberg first word news this morning. >> tonight, president obama will tell america why hillary clinton should succeed him in the white house. president's speech comes a day after the democratic party formally nominated clinton at the convention in philadelphia. mr. obama sat down with nbc news and talked about clinton's opponent. >> what i think is scary is a president who doesn't know their stuff and doesn't seem to have an interest in learning. what they don't know. courtney: the president also said that trump is someone who likes attention and may have surprised himself by getting this far. you're looking at a live shot of republican presidential nominee donald trump speaking to reporters in southern foot florida. a judge's order the man who shot president reagan 35 years ago be freed from a psychiatric hospital. john hinckley wounded three others

these guys talked about industrial companies, ge, boeing, going on the cloud.here's a huge amount of business done by kroshgs the regular renewal business. they have a gigantic amount of regular business that comes to them simply because they have recurring revenues, munster amount. it was a very, very good amount. incredible what you can do in 90 days. the previous quarter if you go through the arc of the conference call, the questions were like how did you come back so fast. it was very interesting. >> i did notice the tax rate, gap and nongap was 7 and 15%. >> they actually spent some time on the tax rate explaining at the top. i felt okay about it. >> you did. >> i did. >> another thing that's interesting, two interesting read through, one that economy is better. couldn't get that kind of numbers in surface and pc unless it was, japan is better by the way, europe be better. and this is a company that is very much different from the balmer microsoft. and that's just important. this guy did not take long to make this into a different company. >> he really has

planes.one boeing says it is working methodically to complete the $25 billion deal with iraq. preventing the companyrom selling up to 100 planes to iran's airlines. the planes could be used for military purposes. bloomberg spoke to boeing's chief executive about the airshow in britain. >> we made some good progress over the last few months. it is a significant opportunity for us but we are methodically going through the licensing process right now. i am encouraged by the progress we made. mark: boeing has said the iran sale complies with u.s. regulations. winningime minister is a victory in parliamentary elections. the conservative coalition now has a majority in the country. his liberal democratic party wants 56 of the 121 seats in contention. a junior coalition party, 114. broad, bolde measures to expand japan's economy. shares of nintendo rose as much as 25% in tokyo today. the company's new "pokemon go" game at rankings. the game lets players crackdown virtual characters in real locations using their phones. vonnie: time now for our bloomberg take on interest of interests -- issues of interest.

. >> boeing says it is working methodically to complete a deal with iran. this is aimed at preventing the companynes to un's -- to iran's airline. bloomberg spoke to the boeing ceo at the air show in britain. >> we make good progress over the last few months, following the u.s. process. we are methodically going through the licensing process right now. i am encouraged by the work we have made. >> boeing has said the iran sale complies. takata, ismaker, reaching out to buyers. they're working on restructuring the company. it is open to a sale to a private equity partner or a combination. at the box office, universal pictures "the secret life of was top in north america. it took in $103 million. dory" at theinding lead. after thee having fun jobs report on friday. david kotok is with us. -- they arez-eakin barely on speaking terms but they have gotten through the hour so far. we have to bring in somebody -- the most disturbing global outlook. basically, you are under the desk because you don't know what to do. what do you do professionally if wants are priced to perfection? >> they have to be close

. >> boeing says it may pull the plug on its iconic jumbo jet. the company will stop producing the 747 if orders for that plane don't pick up. boeing is slated to consult production of the plane in half in september. interest has waned in recent years thanks to airlines favoring smaller planes to save on fuel costs. >> the state's military academy will have a new place to train. construction on a new academic at the delaware military academy is under way. the facility will include eight classrooms a gymnasium and a training facility. >>> delaware governor jack markell announced today a long awaited $10 million grant to rebuild the claymont train station. the money came from the u.s. department of transportation. the current station serves 1200 weekday commuter rail riders but the structure is deteriorating. that new station will be built by 2020. >> today marks a major milestone for nasa. the agency was started 58 years ago to the day. under president dwight d. eisenhower congress passed the national aeronautics and space act back on july 29th, 1958. nasa wa

boeing. lawmakers want to scuttle the company's sale of jets to iran.he u.s.nie: and russia entering a new cold war? we look at the signs. we begin in italy where the bank is as it is working intensely with authorities on a solution for its bad loans. it is said to be the subject of bailout talks that have led to a deadlock between italy and other e.u. nations. the central bank has ordered the bank to offload 40% of nonperforming loans by 2018. the bank of italy governor says state intervention to support his bank may be needed. earlier, the citigroup chief said the banking problem in italy goes beyond the balance sheet. politics in italy are is threatening today is u.k. politics were a six months or a year ago. existential uncertainty. i am more worried about the politics than the banks per se. mark: the obama administration has imposed tough new rules for oil companies wanting to drilling arctic waters. slashers would have to equipment nearby and take costly steps designed to prevent oil spill's. the industry says the rules will discourage development

company. vonnie: julie hyman, thank you. expect -- we will discuss the boe first rate decision.his is bloomberg. ♪ ♪ just getting breaking news. more can the changes by the new prime minister, theresa may. jarvis has been named the community secretary. jarvid is the new secretary. it is been quite a 24 hours when it comes to shaping cabinet. he is a guest on bloomberg as well. check that out. the pound got a big bounce, the bank of england's decision. u.s.of gains over the dollar after the boe. the economy real from britain's decision to the european union. did you anticipate anything? we were leaning in the direction given the signaling that probably 25 basis point cut was coming. a statement on qe next. it was a bit of a surprise. because the easing caused by the pound partially did the job for them. financial conditions have not been tightening. sayne side, one could brexit aside, several aspects of the u.k. economy, particularly the service sector are rolling over. i can see why giving -- we are getting revisions to the forecast in a couple of weeks. i can see why from the p

all we will be watching including boeing, coca-cola and comcast. they are among the company'sfore the opening bell and after the close, we have a lot o hear from as well. amgen and facebook. so a little bit to talk about there. last night it was all about apple. the stock surging after the company said it sold more iphones than wall street had expected. in the third quarter also offering revenue outlook for the current quarter that is better than most analysts estimated

they climb to a record high, the company raising revenue for the full year. joe: earnings relating news from boeinga $2.1 billion after-tax -- after-tax accounting laws. dreamlinerhe 787 reduction, 747 jumbo jet and the refueling tanker contract for the u.s. air force. a $2.1 billion charge to boeings and as a result, is down 1.5% in the after-hours. after determining it cannot find any buyers it wrote off the aircraft. there were so many problems bringing it to market, and now they had this issue. we can pull together our collective savings and just pick up one of those aircraft. that would be cool. we've got to move on from earnings because one of the is that the rich of gotten richer. depicted inlass is this famous chart that many have deemed the elephant chart. the conversation may change because the chart does show how throughouts slower distribution income. us why this is a significant change. if you take china out of the occasion that the curve really looks different. >> what it means is very simple. another graph is very simple. , overallveloping world they had to terrible decades in the la

apparently going to order 20 planes from boeing, according to bloomberg sources. a german company.3 billion of planes, including a 787 dreamliner. india's goalking to airlines about nearly 70 planes, worth $7.5ets, billion if the order goes through. these smaller jets look like their performance is strong, orders coming in for those. wider, bigger planes, the growth not as strong in the coming months, and that is what industry sources will be looking at when they look at the orders this week. angie: thank you for that. coming up next, how has the world's energy giants change your views on combating climate change? hosts international water week. this is bloomberg. ♪ angie: 9:43 a.m. in hong kong. the latest first word headlines. standard chartered has started its first brokerage business in japan with 100 employees. 20 will sell in emerging market to brokerages, banks, and asset managers. the move comes as the ceo cuts costs and sales businesses, trying to turn around the bank, which last year posted its first loss since 1989. deutsche boers may lower the threshold for its london