the company boeing is the biggest exporter. it's something to be concerned about.argument here is if china were to succeed it would actually become a easier china to deal with. the authoritarianism that allowed them to succeed won't allow them to succeed in this way. that's my case. >> stephen: last question: do they have honey roast peanut technology? >> not that i've seen. >> stephen: then we're still aahead. thank you so much. james fallows, "china airborne," we'll be right back. [cheers and applause]

the company boeing is the biggest exporter. it's something to be concerned about.argument here is if china were to succeed it would actually become a easier china to deal with. the authoritarianism that allowed them to succeed won't allow them to succeed in this way. that's my case. >> stephen: last question: do they have honey roast peanut technology? >> not that i've seen. >> stephen: then we're still aahead. thank you so much. james fallows, "china airborne," we'll be right back. [cheers and applause] [cheers and applause] >> stephen: that's it for the report, everybody. good night. captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org one, two, three, four... announcer: from new york city, comedy central presents:

the company boeing is the biggest exporter. it's something to be concerned about.argument here is if china were to succeed it would actually become a easier china to deal with. the authoritarianism that allowed them to succeed won't allow them to succeed in this way. that's my case. >> stephen: last question: do they have honey roast peanut technology? >> not that i've seen. >> stephen: then we're still aahead. thank you so much. james fallows, "china airborne," we'll be right back. [cheers and applause] [cheers and applause] >> stephen: that's it for the report, everybody. good night. captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org ♪ come one, come all to a beautiful show ♪ ♪ it's gonna be awesome and...♪ ♪ some other stuff ♪ dee-dee-dee-dee ♪ doo-dee-dee-dee, doo-dee-dee ♪ ♪ doo-dee some other musical stuff. ♪ what you doing, buddy? i wrote a musical. - huh? - you wrote a musical? why, why did you do that? just to write a musical. does there have to be a reason? i don't think so. yeah, there does. nobody writes a mus

the company boeing is the biggest exporter. it's something to be concerned about.argument here is if china were to succeed it would actually become a easier china to deal with. the authoritarianism that allowed them to succeed won't allow them to succeed in this way. that's my case. >> stephen: last question: do they have honey roast peanut technology? >> not that i've seen. >> stephen: then we're still aahead. thank you so much. james fallows, "china airborne," we'll be right back. [cheers and applause] ♪ [ male announcer ] introducing new dentyne split to fit pack. it splits in to two smaller, sleeker packs that fit almost anywhere so you can take them everywhere. dentyne split to fit. practice safe breath. [cheers and applause] >> stephen: that's it for the report, everybody. good night. captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org captioning sponsored by comedy central ( theme song playing ) ( cheers and applause ) >> jon: welcome to "the daily show". my name is jon stewart. we have a guest tonight, the great ma

this year's tally includes 150 planes for united airlines. 100 of them will be boeing 737 max 9's, the company's most fuel efficient model. it helped boeing grab some market share back from airbus, who sold $72.2 billion worth of aircraft last year. this year, orders and commitments totaled almost $17 billion. >> the show, in total, was a lot smaller in commitments than last year's paris airshow. did we expect that? a little bit, i mean last year's order book was so strong at more than 2,000 aircraft between the two, that you would expect some falling off this year. >> reporter: worries about the global economy held orders back at this year's show, also, weighing, massive backlogs, the combined companies have more than 8,000 planes already on order. >> there's just a lot of aircraft to be delivered, and the question is how much can airlines continue to order- including air leasing companies- continue to order without sort of having a product in-hand. >> reporter: even commercial commitments that don't top the charts are welcome in this industry. as boeing, and airbus' parent company, eads face c

rebates from health insurance companies. a boeing 737 and a bird have a mid air collision. and michael phelps is on a quest to break an olympic record set nearly half a century ago. when the cbs evening news continues. testing...1...2. am i on the radio? you wouldn't want your doctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. let your doctor do her job. and you do yours. ask if nexium is right for you. if you can't afford your medication, astrazeneca may be able to help. [ feedback ] atte

but is he winning companies like ge, boeing and jpmorgan over? ldfarb tackles the issue in today's "washington post." it doesn't sound like the companies are buying what the president is saying here. he's courted the executives. said lots of nice things about them. but seems like the affection isn't reciprocated necessarily. >> that's right. executives at these companies talk about two main concerns about why they don't appreciate all the things the president is doing. first, they say that the president sometimes has an unfair tone towards business. some of his rhetoric is too much. second they see the regulatory environment as too burdensome. but the president has tried to cultivate these companies whether through selling boeing ar airplanes around the world. >> you have some interesting numbers showing the detail, how much money obama as a candidate in 2008 collected from some of these companies that we've just mentioned versus how much he has collected from the employees of those companies so far in this election cycle. what are some of the det

companies you referenced. people like lockheed martin and boeing. where we see a greater concern is with the smaller companies such as represented by ms. williams today. that down to one company may has a unique skit set or technology -- skill set or technology that they're consider exiting the business. otherl go pursue or market. that's quite honestly where we're really starting to see some concern. >> excuse me. i would agree with the gentleman here that this is going to affect us greatly. >> mr. chairman, thank you, and i yield back. >> thank you very much. mrs. davis. >> thank you, mr. chairman, and thank you all for being here. i just want to say as someone representing san diego that i want to thank you for your work on behalf of your employees and certainly their families. and i really relate to what you're saying about people being affected, but as we know it is not just in the defense industry that we see tremendous affect on families today, uncertainty and i know that you have to be concerned about that. how young people are educated today

there has been a long-running trade dispute between the two companies. boeing long-complaining that the european governments subsidize the product that comes out of the airbus assembly lines. now apparently one of those assembly lines is going to be in alabama. we'll keep you updated. jenna: 1,000 jobs, is that right? jon: that's what they say. jenna: that's pretty good. violent storms are causing major damage across the country and we have new video coming in from ohio to show you what it looks like this morning. the cleanup begins on uprooted trees and downed power lines and hundreds of thousands of people across the state are in the dark right now. some of them just got their electricity back when winds knocked it all out again. three people were killed in north carolina. thunderstorms moving in with little warning, bringing dangerous lightning. that set at least one roof on fire. elizabeth prann has more details from charleston, west virginia. elizabeth? >> reporter: hi, jenna. that string of thunderstorms that came through last night really crippling effor

find out why the international aircraft leasing company has chosen boeing. >> the libor spread east. we'll speak to nikkei in tokyo after the report of japan dropped barclays. >> also in that story has the short fallout hurt london as the financial center. we'll speak to one of the city of london's policy chairman coming up at 11:20. >> we'll get the buzz from sun valley, idaho where top tech executives are rubbing shoulders with the world's biggest investors. >>> in a sign of the global slow down is raising real fears south korea's central bank made a surprise 25 basis point rate cut. first time they cut rates in more than three years and we have more from seoul. a rate cut supposed to fuel risk appetite but we're not seeing that stock market over there taking it so well. >> no, not at all. the kospi closed 2.2% lower. korean yuan lost ground against the there are. the exporters took a beating on this 25 basis point cut. many fear the korea economy faces headwinds from china and u.s., the bank of korea cited weaker than economic forecast as the main reason behind this move. exports

aerospace industry's biggest event of the year begins today, bloomberg reports boeing is set to earn an order on the heels of the company's saying he expects boeing to pull ahead of airbus soon, quote, for a number of years. >>> finally, the secluded red rock island in northern san francisco bay listed for sale earlier at $22 million can be yours for the bargain basement price of only $5 million. >>> the cards walk off in a record-tieing victory at wimbledon. like the rest of us, major league baseball players and fans also met with mother nature's fury over the weekend. your first look at sports is straight ahead. you're watching "first look" on msnbc. >>> welcome back to "first look." i'm veronica de la cruz. in sports last night the yankees finished off the first half of the major league season with the best record in baseball. here is nbc's bill seward. >> no better way to enter the all-star break than with the best rivalry in the game. yankees and red sox at fenway. new york clinched the best record in baseball with another win over boston. seems like every day another player steps up for the yanks. last night it was

as major companies like boeing and honeywell explore ways to integrate 3d printing.nings now is the ceo. great to speak with you once again. >> good to see you, melissa. >> i want to ask you because there are so many fans of your stock on the street. how can you not be a fan of a stock that's more than doubled in the past -- this year alone, in fact. but one of the knocks on your company and your stock is the exposure to europe at this point. of course, not many investors want to embrace a company with european exposure. i understand your exposure to europe is about 35%. what can you tell us in terms of demand there and your business there? >> well, i can tell you that our business in europe grew 33% year over year for the second quarter. demand remains strong in europe, and we have not seen any discernible difference in any of our european customers. we attribute that to the fact that most of o customers in europe have to continue to invest. they're under pressure to stay competitive. new product development cycles are compressing. that allows us. >> are you saying

companies you referenced. people like lockheed martin and boeing. where we see a greater concern is with the smaller companies such as represented by ms. williams today. we're down to one company that may has a unique skit set or technology -- skill set or technology that they're consider exiting the business. they'll go pursue or other market. that's quite honestly where we're really starting to see some concern. >> excuse me. i would agree with the gentleman here that this is going to affect us greatly. >> mr. chairman, thank you, and i yield back. >> thank you very much. mrs. davis. >> thank you, mr. chairman, and thank you all for being here. i just want to say as someone representing san diego that i want to thank you for your work on behalf of your employees and certainly their families. and i really relate to what you're saying about people being affected, but as we know it is not just in the defense industry that we see tremendous affect on families today, uncertainty and i know that you have to be concerned about that. how young people are e

companies you referenced. people like lockheed martin and boeing. where we see a greater concern is with the smaller companies such as represented by ms. williams today. that down to one company may has a unique skit set or technology -- skill set or technology that they're consider exiting the business. otherl go pursue or market. that's quite honestly where we're really starting to see some concern. >> excuse me. i would agree with the gentleman here that this is going to affect us greatly. >> mr. chairman, thank you, and i yield back. >> thank you very much. mrs. davis. >> thank you, mr. chairman, and thank you all for being here. i just want to say as someone representing san diego that i want to thank you for your work on behalf of your employees and certainly their families. and i really relate to what you're saying about people being affected, but as we know it is not just in the defense industry that we see tremendous affect on families today, uncertainty and i know that you have to be concerned about that. how young people are educated today

companies you referenced. people like lockheed martin and boeing. where we see a greater concern is with the smaller companies such as represented by ms. williams today. that down to one company may has a unique skit set or technology -- skill set or technology that they're consider exiting the business. otherl go pursue or market. that's quite honestly where we're really starting to see some concern. >> excuse me. i would agree with the gentleman here that this is going to affect us greatly. >> mr. chairman, thank you, and i yield back. >> thank you very much. mrs. davis. >> thank you, mr. chairman, and thank you all for being here. i just want to say as someone representing san diego that i want to thank you for your work on behalf of your employees and certainly their families. and i really relate to what you're saying about people being affected, but as we know it is not just in the defense industry that we see tremendous affect on families today, uncertainty and i know that you have to be concerned about that. how young people are educated today

. >> susie: the a-320 is airbus' most popular plane and it's key to the company's strategy of competing u.s. rival boeing. >> susie: some legal wrangling overseas for apple today. first, italy. that country is threatening to shut down apple's italian operations, if the company doesn't offer a free two-year warranty on all of its products, as demanded by italian law. the country's competition and market authority is giving apple 30 days to act. so far, no comment from apple. meanwhile, a chinese court says apple has reached a deal allowing it to use the name "ipad" in china. apple will pay $60 million to a chinese maker of computer monitors, that had patented the same name. >> susie: apple shares rose on that settlement, up more than $8 to $592 a share. meanwhile, it was a slow start to july and the second half of 2012 for stock investors, despite a hefty dose of that merger activity. the s&p 500 flip-flopped between positive and negative territory, tacking on its fifth straight "up" day for the index. volume here at the big board was a lonely 734 million shares, no surprise given the july 4 holiday on we

companies like boeing.ream liner manufacturing to north charleston, south carolina. at the time of the decision a boeing executive told the seattle times the overriding factor was not the business climate and it was not the wages we are paying today. it was that we can't afford to have a work stoppage every three years. and we can't afford to continue the rate of escalation of wages. boeing's machinists union and the general counsel of the national labor relations board charged the company was breaking federal labor laws leading to an all out assault in south carolina on the obama administration and unions. >> we will continue to be a right to work state. we are not going to get voted by the unions one more day. >> the machinists and the nlrb dropped the case when boeing agreed to a new contract with its unionized workers in washington state. still, unions stay getting workers in right to work states to join is difficult. >> have you tried to organize in right to work states and what is it like there? >> we

retooling to provide the aircraft engines for companies like boeing andockheed and rp macrs a t llanlveshetp b willow run outside detroit and wherefore takes on which seemed like the iossible task of building liberatorla hu cexne a ge b i gm itf,teirtlant wh takes plans pvided by or hw.in tt makes the wdat was shot down in, t avenger made by general motors as were thousands of others t. odve iatst well.ia cny these aviation companies, there is no defense industry. these are commercial companies that do militaryrders and hogera fs buiin oman shift to military aircraft becomes simply a process of retooling and redesigning to meethe ndd gi vo ineng foard tuin them to say can you design a boer that will do this? can you design a fighter that will do that? i discoved wking okryglla edteewnec d e one was the product of prewardesign. boeing and even the 29 and the 1 mta w a in o beur e. theeer t oers and knudsen gets tm started with that process. end result thousands oplanes not just for the united states but our allies as e t m wh isrk s ogill to the brits. they came over to north american iation

♪>> funding for this program is made possible by -- the boeing company. >> additional funding is providedy -- the national park service, department of the army, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. for comments, suggestions, and information on "a capitol fourth," visit us at information on "a capitol fourth," visit us at pbs.org/capitolfourth. its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night. >> rose: welcome to the program, we talk about the american presidency with five historians and presidential biographers, they are doris kearns good wins, jon meacham, robert caro, james fallows. >> what about the president, obama is the living proof that, you know, we talk about a narrative, what is obama's place right now in the american narrative? that he is the first african-american president, so 43 years ago, blacks still did not vote in substantial numbers in the south. >> i mean, he made a lot of talk about theodore roosev

of certain individuals in building up the aerospace industry and close relationship with boeing and other companies through their chinese counterparts. a cynic would say that is idiotic and they are essentially giving away their competitive edge and 15 years from now the chinese companies will put them out of business. how do you think about that? >> consistent with my past policies i think all attitudes are correct about this problem. let me talk about it first in general terms and then the sword of boeing specific situation. the chinese economy over the last 30 years is like the japanese economy after world war ii and like the u.s. economy from 18421890 and took significant advantage of other people's advantages and piggybacked on them. if you read charles dickens' travels on his travels through america he was furious about the pirated versions of the book very much like the pirated visions you see in china. this is an unfortunate but familiar traits so that is .1. .2 is the legitimate role of u.s. governmental policy and corporate strategies to put pressure on the chinese to change these practic

breaking news of boeing, just announced a few minutes ago. the companylanes to air lease corp., a huge order of $7.2 billion. let's talk with the ceo jim mcnerney about this order. people say this is a big show with the 737 max. >> i think we are going to feel very good about the show when we're all done this week. discuss merles will decide what to announce when and we're gratified with the air lease order this morning. it really -- it's really part of a tremendously positive introduction and customer acceptance with the 737 max. >> reporter: you have 549 firm orders. it is expected to hit over a thousand by the end of the year. it brings up the question that a lot on wall street worried about right now. are we in a production bubble because of all the orders this year and last yearhat you guys and airbus raked in, are we worried about a production bubble in the airline industry? >> i think we always worry about supply and demand matching up. in this case, i'm less worried. these planes are so much more productive than the planes that they're replacing

boeing. that company right now, they're down 7 cents. a big 7 cents at 71.59. actually, higher, excuse me. higher by 7 cents. at 71.59. year to date down about 2.5%. phil lebeau live in chicago. phil? >> reporter: the order announced today is about united upgrading the narrow body fleet and a major upgrade. ordering 150 planes of boeing. new 737 max. 50 of the current generation and totals $14.7 billion with deliveries starting next year. here's the ceo this morning. >> taken us almost a year 0 get to this point to get the best airplanes with the best engines, the best price. >> reporter: and the airplanes he is talking about, new 737 max. that backlog at 649 models own order. the delivery starting in 2017. expected to be 15% to 17% more fuel efficient than the current 737s and shares of boeing and eds, there's a real split over the last several months with eads outperforming boeing and the order is one that boeing needed in the battle against airbusads. >> thank you very much. >>> let's go to brian shactman now. >> you want a pop, tyler? take a look at apc, anadarko petroleum. they're loc

very close industry with boeing and other companies to their chinese counterparts. a cynic would say that that is idiotic and they are essentially giving away their competitive edge. fifteen years from now, chinese companies will put them out of business. how do you think about that? >> consistent with my past policies, i think all attitudes are correct. they are correct about this problem. let me talk bursts in general terms and then in the boeing ge specific situation. the chinese economy over last 30 years, like the japanese economy after world war ii, and like the u.s. economy from about 1840 until about 1890, took significant advantage of other people's developments and piggyback on them. if you read diaries of charles dickens, he was just furious about all these versions of this book. he saw the united states very much like the pirate videos they see in china now. this is an unfortunate but familiar trade up a ketchup economy. the second point as it is a legitimate role of u.s. governmental policy and also something for corporate strategy to put pressure on th

when this moment is clear, it is a company that is having, as boeing did have, a real hard time making a flight. these american companies are hit or miss. i go back over the terrible ups call. you just wanted to feel so badly about america. we should be feeling badly about asia. boeing is a defense story. they are making money but they did not dwell on the cliff. good quarter. >> they are defense companies. >> one would expect that see questions trags takes effect. >> drop of 500 billion defense spending. >> it will not happen. on the other hand, you feel like if i want to play the chicken way, the military, i will go back to boeing. they are saying listen, we are not as sensitive to the shorter term cycle. >> >> now it's no longer inverted. >> it's a complete and total mess. does this help a market that has seen -- i don't like to do the dow. >> i think it does. >> markable quarter. the cuts are starting to work. complete completely it was the wrong day because of spain. today not the wrong day because of europe. we will play catch up with the ones that did and the ones that caught th

boeing earned 1.27 and one of the best revenue growths of any major company. they raised guidance. ople thought they cut. announced it had $374 billion backlog. $13 billion in new net orders. boeing is mopping the floor with airbus and airbus is going the way of europe which means straight into oblivion. next up who will win following the dictum of bob dylan and the times achanging? how about caterpillar? this is a company with a stock nothing short of horrendous. it was down 10% but retreated from $116 to $80. it had been given up for dead because of the global slow down. what happens if the cat chose not to show? that's what it seemed like after the magnificent quarter, a record. along with a guide up and the stock popped a buck and change. at one point it was up three dollars. cat is a glass half full company. it acknowledged weakness, but caterpillar said china -- and this is the first company i have heard say this. china could actually react positively to the stimulus that the government is injecting. the united states may be actually seeing a real turn in housing. more importa

olympic team. >>> boeing beating the street. the companyffset higher pension costs. that stock also indicated higher this morning. that's been helping dow futures, which are up by about 90 points or so this morning. if you look at the nasdaq futures, they've been hurt badly by apple's third quarter results that came out after the bell last night. those numbers falling shorts of estimates. those were the company's second miss in the year. and there's also been a big pause in iphone sales ahead of a new version of that device. >> we have another interesting story this morning. carnegie hall is considered morning the best. joining us clive gillinson, artistic director of carnegie hall and sandy weill is a trustee. what's the environment like right now? >> well, i've always felt there's a degree to which the environment is what you make. i mean, eigit's a very tough ti but on the other hand people are always interested in great ideas. as long as you come up with ideas the world cannot live without, there's always going to be people willing to b

this guy is flying a boeing 737 and this guy is flying a boeing 737, they are both going to denver. one company makes me happy, the other pisses me off. i can tell everybody how much i hate that other company, yet they are doing the same thing, but it's the delivery somehow. >> i think it comes down to how the employees are hired, how they are trained, how they are motivated, and how they are taught to communicate with you, the customer. so apple has created what they call the apple five steps of service and use the acronym apple. >> they do? >> they do. i've seen this. i've seen it written down. every new employee is taught to go through the apple steps of service. at&t retail has adopted and modified the steps of service, because they work so well, and guess where apple copied it from, the ritz-carlton. the ritz-carlton three steps for service is word for word what apple trains to, and they created it 30 years ago. >> do you think companies can successfully replicate this? one of the sort of big failures, i guess, in the tech industry or tech retail is best buy, and they are trying to do some

how a san francisco company is empowering individuals to break the campaign donation mold. >> move over boeing. why a plane maker is setting up shop in the u.s. and what it could mean for the job market. >> she is not old enough to have a driver's license but she has a ticket to the summer olympics with the swim team. the record she broke to make that team coming up. >> for all of your news, weather and traffic, check us out on facebook. search nbc bay area. >> welcome back everyone on a monday morning. a live look outside over san francisco. you see some clouds in the air, but a nice crisp shot of all of the buildings. christina will be along to tell you about nice weather ahead. it's 4:46. >> during this decision 2012 campaign season, you probably heard the phrase super pac quite a bit. this is the first presidential campaign, many super pacs are funded by billionaires. one san francisco-based group is different. they raised more than $1 million through smaller donations, the group says their mission is to defeat what they have dubbed the tea party ten. >> these are men who voted against fun

the 787 is boeing's premiere plane and has a big impact on the company's bottom line. >> tom: it was a quiet day of trading after the stiff rallies late last week. for the first two hours of today's session it looked like the s&p 500 was going to be able to build upon last week's gains, but by late morning the index was trading in a narrow and negative range. volume was 657 million shares on the big board. just under one and a half billion on the nasdaq. the telecommunications sector led the gains, rising 0.7% food and beverage stocks helped the consumer staples sector rise a half of one percent. the telecom sector has been in focus over the past several trading sessions thanks to a mix of business outlooks and stock buybacks. sprint continued the climb it began last week over enthusiasm for its turnaround plan. the company has been overhauling its wireless network. shares were up 4.6% today, up 33% since wednesday. a.t.&t. added 0.8%, putting the stock at fresh four year highs. the company increased its stock buyback plan. since 2010, a.t.&t. has authorized buybacks totaling more th

basically, what boeing is doing, and many companies are doing, basically showing the chinese how to make airplanes. what have the chinese done? they are creating their own civilian aircraft industry. we were told in this country the idea was to have a presence there so we could sell them airplanes. where will that lead down the line if we're turning over to them some of the technology that will let them build airplanes that are our principal export in this country? >> how much of that knowledge is a tax-payer financed? >> boeing has been a major defense contractor over time, in many contracts have led to all sorts of technology that worked the way into both civilian and military airplanes. taxpayers have supported that. now you have a situation where some of the technology that taxpayers have paid for through boeing and other contractors is now would be handed over to the chinese to build airplanes to compete against us. civil aircraft is the only significant export this country has. >> and the number of jobs boeing has moved to china? >> i think it is 20,000 to 30,000 by boeing was on s