calhoun responds that is a state issue. the federal government has no authority to interfere and joseph smith responds, i'm surprised someone of your stature would have a week view of the constitution. the state can dictate with the federal government can do that means it is the tail wagging the dog, the child governing the parent, the federal government has to be powerful enough to preserve the rights of individual citizens. the argument is pretty rare. it is in jacksonian america where the higher you get in political office the more prone you are to corruption so the best government is at the local level but other people making this argument, abolitionists primary argument is we can't leave this to be a state issue. the federal government has to be strong enough to take charge, the thirteenth and fourteenth and fifteenth amendment explicitly make the federal government far better of individual rights. i do want to qualify my answer a little bit by saying i'm not convinced joseph smith was a systematic political thinker an

calhoun. since monday, we have taken a number of action we have received 400 ventilators from the strategic national stockpile on tuesday. i spoke with the president, and he more are on the way, and that is great. we are grateful, but we still need a lot more. we recently announced that detroit will be one of the first cities in america to receive five testing machines and 5000 kits from abbott labs. the mayor announced that yesterday. these tests will be used to test fire, ems, and ddot workers. it produces results in 15 minutes, and that is fantastic. each machine does one sample at a time, so detroit will have the capacity to do 20 to 50 results per hour, and that is why it has to be focused on the frontline. providers. on monday, president trump granted my request for a formal mission to allocate 3000 members of the michigan army for up to 90 days to perform humanitarian missions across the state. our national guardsmen and women will do things like help run a mobile screening facilities,

what is the new thing ceo david calhoun needs to reassure investors about right now?er: a few things and thank you for having me on we are looking for more detail from boeing. we'll hear a lot about how they are going to manage their liquidity, whether they will tap private funds or source financing. we saw that out of airbus that they burnt $4.4 billion in cash and stopped net cash consumption by q4. the second thing is production rate changes we have seen this out of airbus a few weeks ago. third, any sort of update on the max, when is it expected to be certified. we saw southwest pushed up the max on their schedule until late october. >> how strong or solid or long-term is their balance sheet right now at boeing? i hear about borrowing multi-billion bond fund packages, you wonder what they are trying to do and how strong that package really is >> caller: this is a company that generated nearly $15 billion in free cash flow in 2018 that's just context because they are such an organization we think they'll end q1 with $15 billion on the balance sheet when the max was

becky just mentioned, dave calhoun marking 100 days as ceo. taking over already in crisis over the 737 max now compounded by the travel demand more only coming up in the 7:00 hour who could have imagined he was walking into this. more when we come back in a moment save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need- starting at just $12 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. it's the most reliable wireless network. and it could save you hundreds. xfinity mobile. >>> welcome back georgia planning to reopen some businesses on friday the lieutenant governor there speaking on wednesday. >> the steps we are taking are very incremental measured steps. we continue to look and analyze different sources of data an analysts one of the most important pieces that governor k

calhoun goes down? think ultimately they will have to go to government? sheila: i think it depends. they have two days to decide. it definitely seems like the bond market is more open than it was a month ago. they have a bit more options. obviously government funding is there and we have seen airlines access that liquidity market. tbd. it depends how large private funding -- how much private funding is available. airbus get an advantage because of this? i think what we have is a market share across boeing and airbus and we will see a shift on the narrow bodies given the max issues and what we heard about on saturday. we are seeing a shift on the narrow bodies longer-term where boeing seeds -- cedes some share. that is where the airbus advantage comes in longer-term, on the narrow bodies. boeing is more positively positioned on the wide bodies, demonstrated by the 787, it has been sold to 70 airlines, 40 have come back for repeat. that has been a huge success. guy: what happens to the middle of the marke

dave calhoun says they will be accessing the public markets in terms of getting more capital and then there's always the option of potentially borrowing from the treasury. that has not been determined yet largely in part because they don't know what the terms are from the treasury department the options are out there. >> all right phil, thank you for bringing us that interview we appreciate it. >>> coming up, battleground stock tesla set to report this afternoon. one analyst says the company will emerge stronger than ever from this crisis >>> plus battle royale a fight of amc and universal that could turn the movie industry upside down we will have the details "the exchange" is back after this quick break ♪i may be acting crazy now it's getting late♪ ♪they took my heart away ♪but i'll be okay, 'cause♪ ♪in my dream world ♪i'm still your dream girl ♪ooh, i'm still your dream girl♪ ♪ooh ♪ some companies still have hr stuck between employeesentering data.a. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with in

and dave calhoun, in fact, after reporting earnings will be on at 9:00 a.m. eastern for an exclusive interview. what are your thoughts here, mike >> boeing, when you talk about big industrials that have been shut in. it is about the balance sheet, cash needs, how fast they are burning it, what their expectations are to hunker down and get through it ford was a similar story they are burning a lot and not reopening yet. with boeing, they are already talking about perhaps in the private sector to raise more capital and use whatever they can in terms of their inventory and future cash flows. that is the story there as opposed to in the summer where things are normal. what is fascinating, the fed has not bought a dollar to bonds they've said they will do it the market itself has opened wide up. that is kind of the hope that you can bridge your way to the point when something like ramping back to normal and the default cycle across america >> okay. thank you. later today, will we see the boat -- whatever it is >> no. i'm not likely to be in that location today >>

calhoun would be a better person to answer it. thank you, governor. i am a practicing medicine physician, and one thing i know is that the most important relationship is that between the doctor and the patient. even with our executive order, we still allowed a physician to determine what was time sensitive and urgent. something such as diagnostics and treatment for cancer, for advanced heart disease. we don't want people to delay things that are necessary for health care and so we have been working closely with chief areth care officers who bringing back various procedures in such a way that they have enough ppe and hospital beds. particularly in making sure we don't see a surgeon cases. that aso important people have things like chest pain or difficulty breathing, our hospitals and emergency departments are open. please don't delay seeking medical care you think you are having an emergency. dr. calhoun, do you feel like if we end up with a second round of cases here, medically speaking, are we ready to handle that? are we ready? >> we are watching th

calhoun, it's david faber. i want to see if i can get more clarity from you in terms of your various efforts to raise capital. you said you will go to the public markets there's some reporting that says you will be offering bonds, a large amount of bonds in the public market soon is that going to be the case if so, when? does it mean you don't access government aid >> i hate to give the same answer to slightly different question, but we are going to look at all of our options the public markets are in better shape than they were several weeks ago post the c.a.r.e.s. act, post the fed program. so we're going to look at those. we'll look at the tools that are embedded in the c.a.r.e.s. act we'll look at the fed program. and we'll make decisions that are in the best interest of the boeing company and shareholders. it's -- i don't want to get ahead of ourselves, i can't predict the outcomes >> okay. >> work force reduction, 10%, there had been reports that you told some union officials that that percentage could be

calhoun, and the calhounites that were part of his cabinet. and the marriage of john eaton, member of the cabinet, his good friend, to margaret o'neal was a major scandal, and ultimately jackson wipes out the whole cabinet. and polk is over there in congress looking at that. brian: over this marriage? john: over this marriage. i mean, flora calhoun will not have anything to do with margaret o'neal, the wife of the vice president, and other cabinet officers follow her along. van buren, not married, is very nice to them. and... brian: what was he then? john: he was vice president -- no, he was secretary of state. and jackson wrapped his arm around van buren and named him vice president -- really ordained him for the vice presidency in the second term, because he was nice to eaton and mrs. eaton. so the whole cabinet is wiped out, eaton resigns and others are forced to resign. polk comes into office, and i think one of the reasons he didn't dump buchanan was because he didn't want that same sort of image that had haunted jackson. he didn't want a

boeing's calhoun, the ceo saying the thaw is beginning. you've got starbucks talking about reopening stores, when they'll try to get to even greater capacity by early june i mentioned small caps the home builders going for six days in a row. all of that is overshadowing that gdp number. so where does it take us >> well, scott, i think it takes us to a position where you're reacting to the messaging from the market and the messaging from the market is very difficult to digest relative to the economic news that we're going to be receiving. so that's where you have to have the discipline to stay focused on the investments obviously, as we've been talking about the last couple of days, it is the cyclical component of the market, which is moving higher in anticipation that some of the economy will be reopening here domestically. so financials, industrials, energy, that is where the leadership has been in the last couple of days the russell, which you mentioned, that's up about 10% in the last five days. it's now trading at its highest level sin

of boeing dave calhoun says passenger traffic in commercial airplanes is down 105 percent and that has just walloped the company airbus is down to half a $1000000000.00 in losses the c.e.o. of that company says this is the grave is crisis the aerospace industry has ever seen and it hasn't just hit them southwest airlines posted its 1st loss since 2011 analysts are saying this could hit the aerospace and airline industry for 5 years to come it could take them that long to recover and here in the united states boeing is the largest manufacturing export or so it said that when boeing sneezes america catches a cold and now foundations of highly skilled highly paid workers are going to be joining workers from the service industry waiters and others who were in that 1st wave of coronavirus layoffs this is going to be devastating not just to boeing not just to the aerospace and airlines industry but to the u.s. and global economies. the number of corona virus related deaths in the u.k. has jumped more than 26000 after the government included care home numbers for the 1st time that makes it th

calhoun will choose to say we'll come for 25 billion. it appears they will be able to get really whatever they would want at this point at those maturity levels in fact the pricing that i'm hearing right now is somewhere between treasuries plus 500 basis points or let's call it between 4.75 and 5% yield on the benchmark maturity for the company and they have access to durations across the board it would appear at this point. so sara and carl, right now it would appear boeing in a very strong position in terms of it looking at the market and how much it wants to raise and doing so, frankly, at a price that is quite reasonable one would say, let's call it 5% of ten-year money. maybe a bit less and looking at 5, 10, 7, 30, 40 year maturity with enormous demand >> you know what's interesting it's boeing today. it was delta a few days ago. carnival a few days ago. these companies were caught right in the middle of the storm from the pandemic and all companies mentioned as being recipients or potential resilients of government relief. all of t

of boeing dave calhoun says traffic passenger traffic in commercial airplanes is down 95 percent and that has just wallop the company and you're right airbus is down to half a $1000000000.00 in losses the c.e.o. of that company says this is the grave as crisis in the aerospace industry has ever seen and it hasn't just hit them southwest airlines posted its 1st loss since 2011 analysts are saying this could hit the aerospace and airline industry for 5 years to come it could take them that long to recover and here in the united states boeing is the largest manufacturing export or so it's said that when boeing sneezes america catches cold and now foundations of highly skilled highly paid workers are going to be joining workers from the service industry waiters and others who are in that 1st wave of coronavirus layoffs this is going to be devastating not just to boeing not just to the aerospace and airlines industry but to the u.s. and global economies i was there as john had written live for us in chicago many thanks indeed joe job at a europe's economic powerhouse is expected to plunge

calhoun. today, we have taken a number of have received 400 ventilators from the strategic national stockpile on tuesday. they said more on the way and we are grateful, but we still need a lot more. we recently announced that detroit will be one of the first cities in america to receive five testing machines and 5000 kits. used to testill be police and fire emf workers. it produces results in 15 minutes and that is fantastic. each machine does one sample at a time so detroit will have the 0-50 results per hour and that is why it has to be focused on the frontline. president trump granted my request for a formal mission to allocate 3000 members of the daysgan army for up to 90 to perform humanitarian missions across the state. helpwill do things like run a mobile screening facilities, distribute food and medical supplies, insure resiliency and supply lines, disinfect public spaces, and support public safety when required. formally declared a state of disaster and sent a letter requesting a conc

interesting ironies, interesting only to historians but it managed to shred the portrait of john c calhoun, the notorious theoretician of slavery and the confederacy who the great historian richard hofstadter referred to as the karl marx of a master class. it was an added dividend from this bombing, the group was able to unintentionally shred this portrait of an arch white supremacist. the college at yale was renamed the couple years ago. it definitely went off. it was a sophisticated device, it was powerful. at first when they issued a communiquÉ using the name of the armed resistance unit, they always had a communiquÉ after one of their actions and used a variety of different names. the guerrilla resistance, armed revolutionary unit and that was for two reasons, to throw off the authorities to make them think there were multiple groups but also to sort of as a way to suggest there is a bigger movement out there to the general public. it was only through the meticulous work of the fbi lab in quantico that they were able to figure out, picked up the scraps from all these bombs and eventual

calhoun and our medical community because we've got to be smart on both fronts. and you can't re-engidge on the economic side without knowing that you're doing the right thing on the health side. thank you. >> today, new jersey governor phil murphy gives an update on the coronavirus numbers and policies to fight the pandemic. live coverage begins at 10:00 a.m. eastern on c-span. update on the coronavirus response in montana from governor steve bullock. the news conference from helena is about 45 minutes. -- this news conference from helena is about 45 minutes. gov. bullock: good afternoon. on morning, we heard about the ground efforts of mitigation there. was briefed by the hospital c.e.o., the chief medical officer, the county public health officer and others. in taking necessary safety precautions we visited with aff at marius medical center and heritage assisted living center. we visited with them outside the facilities. i also had the opportunity meet with sheriff whit and the county commissioners. i also had the opportunity or chance to see the national guar

he even has a correspondence with the john c calhoun the guy in south carolina known as the most a prominent voice for the state rights doctrine. and when he writes that. when your you're elected president what will you do to support the mormons. they responded saying that as a state issue. and then a response. i'm surprised someone well had that. the child governing the parents. and to preserve the right of individual citizens. this argument is pretty rare during that time. they believe that the higher you get in political office. the guest -- best government as is at the local level. their primary arguments said you can't leave this to be a state issue. they are passed following the civil war. it makes the federal government the arbiter of individual rights. i do want to qualify my answer just a little bit. i'm not convinced that he was a very simple automatic thinker. i think they're mostly reactive. and we find this in the mormon situation. i think the seats there. the anxiety that are driving the actions. i think they are quite amenable. i would like to think that there is an irony ther

in a note to employees, boeing ceo david calhoun says it is important the company start adjusting toew reality. southwest will become the second u.s. airline to apply for federal aid. in a filing today, southwest says it is looking for possible grants that could boost liquidity and provide job security for employees. american airlines has already said it is asking for up to $12 billion in aid. jp morgan ceo jamie dimon is back at work one month after heart surgery. dimonemo to staff today, says he is feeling stronger every day, and like so many of them, he is working remotely. he underwent emergency heart surgery march 5. that is your latest bloomberg business flash. guy. guy: that is at least some good news we are getting. a quick look at european markets. we are certainly seeing reaction to the move higher in crude prices. branch trading higher on the news, fading a bit -- brent trading higher on the news, fading a bit, but nevertheless higher. at the under ended -- at the other end of the spectrum, travel and leisure down. they use a lot of crude, but they are not running the airp

futures boeing will post first quarter earnings later today the ceo dave calhoun will be with us at 14 it for mejuan, lina tatelbaum. "worldwide exchange" is coming up next. these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. >>> the incredible bounce back on stocks. futures are higher by more than 200 points but why are wall street and main street telling such a different story right now? >>> the race for a vaccine picking up and the ceos on this network touting their progress on the fight against the virus >>> is the food supply chain at greater risk is president trump telling meat processors to keep working

if we don't have those masks on everyone in the united states doctor calhoun who advises michigan residentsays you can just talk to somebody and spread the virus or breathe it in the air and the particles continue to be in the air. it is unfortunate that we see it this way, the stay in your home, the economy crashing is a lot different than putting a mask on and you are looking at the same thing over and over again. how many deaths were caused by a common cold that turned into more of a problem later on and how many are caused by the coronavirus. shannon: can i ask why you think your status all of a sudden up there at third on the list, why your state has been so hard-hit, specifically the detroit metro area. if you look at the cumulative data, it has been hit hard. what do you attribute that to? >> if you look at like chicago, la, detroit, main hubs as relates to travel. a lot of people from china come through these hubs to do business in the united states. i think there has been in this country a lot longer - all of the international traffic the cost a lot of these issues. rob: we had ada

calhoun and our medical community because we've got to be smart on both fronts. and you can't re-engidge on the economic side without knowing that you're doing the right thing on the health side. thank you. >> today, new jersey governor phil murphy gives an update on the coronavirus numbers and policies to fight the pandemic. live coverage begins at 10:00 a.m. eastern on c-span. update on the coronavirus response in montana from governor steve bullock. the news conference from helena is about 45 minutes.

carolina senator known as the most prominent voice for the states rights doctrine and when he writes to calhoun he says if you are elected president, what will you do to support them and he responds that it's a state issue. there is no authority to interfere in the joseph smith responds by saying i am surprised someone of your stature could have this view of the constitution and the state can dictate what the federal government can do that means it is the tail wagging the dog, the child governing the parent, the federal government to step in and preserve the rights of individual citizens. this argument at the time is jacksonian america they believe the higher you get in office the more prone you are to corruption and so they are at the local level. but they are not the only people making this argument. abolitionists, the primary argument is we can't need this to be a state issue. the federal government has to be strong enough to take strides and that is 13, 14, 15 commandments remake the federal government did orbiter of the individual rights. now, i do want to qualify my answer just a little b

i saw you last time - i wrote a book on henry clay, daniel webster and john calhoun. these guys are politicians and they don't do stuff, they talk and they talk, i did my best, they really talk well but they only give speeches so they don't do much. but in contrast to that, after that i want action, i want people to do stuff. i want motion, i want conflict and that is what i'm going to focus on it he said fine, let's do it and here i will share the challenge of any other history there can be great stuff happening but if we don't have sources we can't do anything with it or more precisely we can't make it come alive. i can talk in general about things that happened but even if i don't have much in the way of sources if i don't have any good sources, if i don't have any voices or eyewitnesses been the story bogged down and this actually was the problem with the spanish southwest because the stories, the voices are secondhand and not particularly compelling. the damn crystal, the author said let's start with this because that result another problem. what is the timeframe

calhoun and our medical community because we've got to be smart on both fronts. and you can't re-engidge on the economic side without knowing that you're doing the right thing on the health side. thank you. [captions copyright national cable satellite corp. 2020] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> on friday, new jersey governor murphy gives an update on the pandemic. live coverage beginning at 10:30 a.m. eastern on c-span. now an update on the coronavirus response in montana from governor steve bullock. this stews conference from elena is about 45 minutes. -- this news conference from helena is about 45 minutes. gov. bullock: good afternoon.

in a note to employees, boeing's ceo david calhoun says it is important the company start adjusting toew reality. southwest will become the second u.s. airline to apply for federal aid. in a filing today, southwest says it is looking for possible grants that could boost liquidity and provide job security for its employees. merrick and airlines is already said -- american airlines has already said it will have to up billion in aid. jamie dimon back to work today after heart surgery. , he is, like so many working remotely today. he underwent emergency heart surgery march 5. that is your latest bloomberg business flash. still ahead, we discussed the impact of the coronavirus .andemic jason gardner will join, ceo of marqeta. this is bloomberg. ♪ nowadays you do more from home than ever before. the xfinity my account app puts you in control with digital tools to give you the help you need when you need it. get fast and easy answers with personalized help 24 hours a day, 7 days a week. change your wifi password to a phrase that's easy to remember. even troubleshoot your services on your own.

dave calhoun is going to outline in broad strokes what they're looking at in two bridges. for the short-term liquidity and a longer term bridge for the fact that you have an airline industry there will be a new outlook for demand we may not get specifics today that may come on wednesday when the results are reported the 737 max, as we reported on friday, the 737 max, that is creeping to the right. we expected to be ungrounded now it's more likely you're looking at an ungrounding. at least their target initially or not rate now depends on grounding. all of this depends on what happens when they work with the faa or regulators around the world. take a look at shares of boeing since dave calhoun took over on the 13th they announced on saturday that they are ending their joint venture deal, the $4.2 billion deal for boeing and emb r embral be making small planes boeing said a deal could not be put together embraer says boeing broke the agreement. that will probably play out over the next few months. don't forget, we get the first quarter results. that is when we're going to ge

i wrote a book on henry clay daniel webster and john calhoun. these guys are politicians and they don't do stuff. they talk and they talk today did my best. they stood and made their speeches. in contrast to that i want action could i want people to do something. i want conflict and i want all this stuff. he says fine, let's do it. here i will share the problem and the challenge of any author in history. there can be great stuff happening but if we don't have sources we can do anything with it to or precisely we can't really make it come alive. i can talk in general about the things that happened but even if i don't have much in the way of sources. if i don't have any voices than the story kind of locks down and this actually was a problem with the spanish southwest because the story, the voices are really secondhand and not particularly compelling. the author said you know what let's start with lewis and clark because that was the problem. what was the timeframe we were looking at here? which west are we talking about? that we are talking about

calhoun, had already given that job to a south carolina friend of his, so they put baldwin on the court to give him something to do, and it cracked, somehow. there were stories he had a running fight with the court reporter, henry wheaton. wheaton would write letters of complaint to john marshall and joseph story saying, you know, i was at the court last night and bald kin is sitting in his room in the dark wearing nothing but his socks, and weird stuff like that. baldwin repeatedly -- the reporter decisions as to who handled publication of opinions, and baldwin refused to give stuff to wheaton because he couldn't stand him for some reason. so if you read through the court reports, they conclude with mr. justice baldwin declined to give his opinion to the reporter but he dissented, and he almost always dissented for some reason or another. what happened in worcester versus georgia, he dissented, he declined to give his opinion to the reporter, but that doesn't mean it never showed up. and i discovered this by accident when i was researching this book on these cases. and i can tell you,

i mean, fluoride calhoun will not have anything to do with margaret o'neill, the wife of the vice president. van buren, not married, is very nice to him. and -- >> but was he then? >> he was vice president. no, he was secretary of state. and jackson wraps him arm around van buren and really ordained him in the vice president because he was nice to eaton and mrs. eaton. well, so the whole cabinet is wiped out. eaton resigns and others are forced to resign. polk comes into office and i think one of the reasons that he didn't dump buchanon was because he didn't want that same sort of image that haunted jackson. he didn't want anybody to leave the cabinet over a controversy. he left george bancroft, a great historians, but he kept that cabinet as much in fact as he could. even though he was constantly as war with buchanon in the cabinet meetings. >> you have all of the names in your book back in those years. martin van buren goes on after president to run again. >> he runs. you know, polk's election was more than remarkable. it is astounding. it's richard nixon. james k. polk served as speaker

sue said we're looking at 1.5 fewer billion international travellers this year dave calhoun was on yesterday talking about he used the word thaw in terms of what he was saying how is your business of airline leasing doing right now? >> well, i mean, look that's having issues. we're working with everybody to just give people more time to pay to get back to normal. i think we have to work with people and give them the time. the question is it is three months, six months or a year obviously that business for us and things we have invested, that's going to get hurt because you have to give people more time on opportunity set, you're able to come in whether it's on finance i financiing you're able to do those at a pretty big discount >> almost more of the latter than the former. certainly thinking that part of the business would be hampered do you think on the back side of this, leasing aircraft, like you do to airlines will be more desirable for them rather than making a bigger ticket purchase from a boeing. >> we buy planes that are 8 to 15 years old people who need to sell will sell the planes

i mean, flora ada calhoun will not have anything to do with margaret oneal, the wife of the vice president and other cabinet officers follow her along. van buren, not married, is very nice to them. >> what was he then? >> he was vice president -- no, he was secretary of state. and jackson wrapped his arm around van buren and named him vice president -- really ordained him for the vice presidency in the second term, because he was nice to eaton and mrs. eaton. so the whole cabinet is wiped out, eaton resigns and others are forced to resign. polk comes into office, and i think one of the reasons he didnt dump buchanan was because he didnt want that same sort of image that had haunted jackson. he didnt want anybody to leave the cabinet over a controversy. he led george bancroft, his secretary of the navy, incidentally a great historian, become minister to great britain, but he kept that cabinet as much intact as he could, even though he was constantly at war with buchanan in the cabinet meetings. >> you have all these names in your book, back in those years, martin van buren goes on, later, a

david calhoun came on "squawk on the street" this morning he's going to get a loan backstop by the fed, low rate, not sell equity in the treasury department it wouldn't surprise me if they augment that southwest air did successfully this morning if boeing does a secondary, buy. as for ge, i don't know what to say. it's better to be lucky than good they're not lucky. still, i believe in the c.e.o., his ability to turn things around with the remdesivir data. i think ge, too, is a buy. how about alphabet a good quarter, saw the stock rally 9% did that contribute to the rally? wait a second. alphabet's fabulous cfo mentioned there might be green chutes in advertising. that was really visible before this was a burned down lawn. then she spent the rest of the conference pooh poohing her own optimism the word they used was efficient. the wordy use is end a cycle where it's trying to make as much money as possible, you have to own this stock this one took me by surprise i got used to blown quarters not blow outs. losing streak? over santa is all about the stroke, marking the turn tomorrow coul

then there's boeing, david calhoun was dealing with getting the 737 max jet, stock is up nicely today with how to accept potential federal aid at a time when 2500 aircraft are grounded. boeing is trying to restore operations at the same time in washington and also in ohio and do that while respecting social distancing measures. bed, bath and beyond, they hired mike triton back in november to improve sales, they had announced plans at the time to shut 60 stores, but now all of their stores are closed. and they're furloughing most of their workers as they deal with coronavirus. jack in the box, charles, yesterday announced their ceo is not going to start until june, right when most of the country tries to get back to business. so in all we're talking about a record 1,640 ceos leaving their post in 2019 -- that according to challenger -- [inaudible] and this january also a record, 219 departures. so many newcomers are finding their plates really full at the moment and, charles, i think that is an understatement. charles: it is an understatement. lauren, thank you very much. meanwhile, th

dave calhoun told reporters this morning with 95 percent of passenger travel dropping off just devastating the company was hit by a double whammy 1st it had its 737 max airplane its most profitable airplane 2 of those planes crashed killing nearly 350 people that has been grounded for about a year now the date keeps moving back so companies are ordering fewer of those planes southwest airlines said it would order fewer of those planes the company is also cutting back on its big planes the 777 the 787 dreamliner because fewer people are doing those long international trips so a double whammy for the company is hit by the virus it's hit by its own problems with that $737.00 plane and. boeing is america's largest exporting manufacturer so it said that when boeing sneezes america catches cold and now thousands of highly skilled highly paid workers will be joining the waiters this service workers and others who were among the 1st wave of coronavirus layoffs and that will reverberate down the food chain of boeing through its suppliers and around the u.s. economy adrian 100 live in chicago john m

of boeing dave calhoun says traffic passenger traffic in commercial airplanes is down 105 percent and that has just walloped the company airbus is down to half a $1000000000.00 in losses the c.e.o. of that company says this is the grave is crisis the aerospace industry has ever seen and it hasn't just hit them southwest airlines posted its 1st loss since 2011 analysts are saying this could hit the aerospace and airline industry for 5 years to come it could take them that long to recover and here in the united states boeing is the largest manufacturing export or so it's said that when boeing sneezes america catches a cold and now foundations of highly skilled highly paid workers are going to be joining workers from the service industry waiters and others who were in that 1st wave of coronavirus layoffs this is going to be devastating not just to boeing not just to the aerospace and airlines industry but to the u.s. and global economies germany europe's economic powerhouse is expected to plunge into its deepest recession in 50 years new numbers released by the government of the country'

. >> i'm alana calhoun, and i was previously working for an soterpreting agency. >> i bough food for myself and for my family so they can have some food to survive. and right now, i just i just don't have nothing in my bank account. i just, not even savings. it's just been really tough. >> between both shops, we're used to serving 400 and upwardsd people. and so to go from that to no people a day was tremendously sheartening. but you still have rent and you still have lights and you still have bills and you still he staff. it's intense. >> i was in sales for a jor hotel company and i was living on 100% commission, so that is completely pulled t from under me. >> i'm a single parent of two young men. so i just try to hold it together and i've been talking with a lot of my creditors to make arrangements and to get extensions on a lot of things. >> you know, le i've always been the one to support my tmily and just it's really hard right now, like nk about everything. >> i ended up gettingel immedifurloughed the day after i had moved everything in didn't actually telly geto i to work eve

the shakeup is the first major move since dave calhoun took over as ceo in january.t the top, as boeing plans to cut thousands of production jobs. e its dailyto halv cash burn. it plans to reduce spending to $50 million a day by the end of june after first quarterly loss since 2012. delta has parked 650 planes, cut capacity by 85%, frozen hiring, and lowered executive pay. virgin australia's failure indicates the world's weakest carriers have little time to secure support as the coronavirus wrecks the aviation business. the airline is the biggest victim so far as a mere halt in revenue overwhelmed in less than two months. coming up on the next hour of "daybreak asia," we are joined by markets coanchor haslinda amin for an interview with singapore's minister. we also have the market open upon us, next. this is bloomberg. ♪ shery: good evening from new york, i'm shery ahn. haidi: and i'm haidi stroud-watts in sydney. asian major markets have just open for trade. welcome to "bloomberg daybreak: asia." follow u.s. stocks tech --treasury secretary steve mnuchin sees a res

ceo dave calhoun saying he plans to reduce the workforce by 10% through buyouts, turnover, and layoffsmber of commercial jets it builds each month. orders in the aviation business plunging because of the global halted air travel. ge is the world's largest maker of jet engines. profit missed estimates, saying this year it is targeting more than $2 billion in operational costs. higher.f alphabet are the cloud and you do business is kept growing during the pandemic. from a year ago, sales rising 14%, beating estimates. search ad, alphabet's s crumbling, but still better-than-expected. alix: for more on earnings in the equity market, katie nixon, northern trust wealth management cio, joins me now. what do you like right now? katie: good morning. we continue to like u.s. equities. clearly, this quarter is a bit of a buy, so to speak. i don't think the quarter is necessarily going to be market moving in terms of results, and i don't think anyone is expecting clarity from companies in terms of the near-term forecast, but i do think misstors are looking for a above the valley and anticipating

[applause] >> also joining us is president linda calhoun, and lisa of the friends on the commission of the status of women. [applause] >> and i just want to thank my associate director carol for her exceptional support for today's event. we are also joined by many women department heads, raise your hand if you're a woman department head. [cheering and applause] >>, as well as many women leaders serving on our commissions and boards. can we have a wave from our women's commission and board members. [applause] >> so we mark 100 years since the passage of the 19th amendment. it's important to remember that as the sixth state to ratify the 19th amendment, california has played a major role in the suffrage movement. newly uncovered historical sources put together by the neighborhood history project indicates that san francisco was a site of the first ever suffrage march in 1908. over 100 years ago, suffrage leaders picketed the white house, went to jail, endured intense personal suffering in order to secure the vote for women. i do want to note, this is my last women's history month as the

[applause] >> also joining us is president linda calhoun, and lisa of the friends on the commission ofuse] >> and i just want to thank my associate director carol for her exceptional support for today's event. we are also joined by many women department heads, raise your hand if you're a woman department head. [cheering and applause] >>, as well as many women leaders serving on our commissions and boards. can we have a wave from our women's commission and board members. [applause] >> so we mark 100 years since the passage of the 19th amendment. it's important to remember that as the sixth state to ratify the 19th amendment, california has played a major role in the suffrage movement. newly uncovered historical sources put together by the neighborhood history project indicates that san francisco was a site of the first ever suffrage march in 1908. over 100 years ago, suffrage leaders picketed the white house, went to jail, endured intense personal suffering in order to secure the vote for women. i do want to note, this is my last women's history month as the department head. i will be l

suspended, boeing did that some time ago, but today during the company's virtual annual meeting, dave calhoun said it is likely going to be years before they reinstate that dividend because they're going to be focused on a, liquidity and paying down their debts. remember, boeing is reporting its qi results before the bell on wednesday and a big focus, guy ps, will be will be the state of boeing's finances in terms of where they are with liquidity and plans to borrow more >> to that point, phil, clearly, those headlines though were flashed this morning in terms of a down beat outlook for the industry as a whole. not necessarily that new given all the updates we've had from airlines so how big a swing fakih forctot and where do we stand on that and necessary government help or not? >> right well that's the big question, wilf, and that's really going to be the determining factor in terms of whether or not we see the stock say stay in this range where it's been in between i don't know, 130 and 140, 145 or does it move higher or lower that comes down to what they decide to do when it comes to aski

have their virtual annual meeting two days before that a number of times when we may hear from dave calhouner the next couple weeks. look at the airline stocks we're showing you these because at 5:00 p.m. is the deadline to apply for the treasury department for treasury loans. this was the bucket set aside in the cares act for loans, low interest loans to the airline industry back to you, sara. >> all right we'll watch it thank you. >>> as we head to break, dow is up about half a percent for the week not nearly as strong as the nasdaq, up 5% for the week here are the biggest winners in the dow. health care, technology, consumer discretionary those were the sndtaouts of the week we'll be right back. ♪ it's only human to find inspiration in nature. and also find answers. our search to transform... ...farm waste into renewable natural gas led chevron to partner with california bioenergy. working to provide an alternative source of power... ...for a cleaner way forward. >>> we are pulling back on most of our guidance we have previously given i think the best advice i've heard recently as we've

monday these are the wide-body planes this will impact about 20% of boeing's backlog for ceo dave calhounhis issue, which they are starting to address. by the way, we'll probably see south carolina come online likely in the next week or two as south carolina pulls back on the coronavirus restrictions he's also got to focus on liquidity, not just for boeing but for the airline industry and the aviation industry overall. a big determining factor, what happens with the government aid and potential loans from the treasury department. boeing is waiting on terms from treasury they're involved in discussions with treasury. it may go to the private market. may do a combination of federal loans as well as through the private market that's the key driver, if you will, in terms of what happens with boeing shares over the next let's say two weeks. we'll see if we get answers before boeing reports earnings on april 29th. so one big issue for the time being, guys, being taken off the table, now there's some others the biggest one being what happens with liquidity and the federal loans or the private lo