i'm contessa brewer. coming up on "nightly business report," how these companies are hoping for a piece of the march maess ac. >>> lastight a jury awarded a california man $80 million in damages after he claimed that the weed killer roundup caused his cancer. the m h used that product on his 56-acre property for two decades. bayer now owns monsanto, the maker of roundup. it insists that the weed killer is safe and said that it will appeal this verdict. in the meanti though, bayer and monsanto still face hundreds of other lawsuits tied to roundup. > well, the sweet 16 portion of the ncaa men's basketball tournament gets unde today, and so far march madness has been big money for bookies and in sports books. with sports betting now legal iy tates outside nevada, contessa brewer has a look at all of the ways that americans can get a piece of the action now. she reports tonight from east therford. >> reporter: for the first time in history, the sports book here at the meadowlands is accepting bets on march a

contessa brewer back with those.g to go out and buy another powerball ticket >> i forgot to buy one now i get -- >> you are getting -- >> yes here we go a second chance. >> the powerball jackpot is continuing to grow there were no winners in last night's drawing. the pot now grows to $625 million. i could definitely do some damage with that the fourth largest in powerball's history. the next drawing is saturday night. it's weird that it's the fourth largest, right we're getting such huge jackpots >> it seems like all the time. the fourth -- >> true that the united nations just named the happiest place on earth. it is not disneyworld. it's finland the nordic country is taking the top spot for a second year in a row rounding out the top five. look at the nordic countries right? denmark, norway, iceland, netherlands. there's something about that north sea that is very happy the rankings are based on things like income. the perception of freedom, life expectancy and as for the united states, we came in at number 19 just

keep us posted contessa brewer. let's bring in representative graves ranking member of the aviation subcommittee and transportation committee congressman, you just heard the update, the faa says new evidence collected at the site and analyzed today along with refined satellite data available today, do you have any more details on what they found that led them to change their mind and ground these planes? >> we have been in touch with the faa and ntsb and boeing and airlines and other officials it does appear that there's new information both from the faa teams and ntsb teams on the ground at the ethiopian air crash site as well as some satellite data from one of our partners country partners that has provided preliminarily, connects some of the characteristics of the ethiopian and lion air flight and until we better understand that the administration determined the appropriate thing to do is to ensure there's not a systemic problem here and they determined to ground the aircraft. >> congressman, so you are -- are yo

contessa brewer here with those details. contessa >> the big headline here is that fedex continues to see a big slowdown in the global economy the company reported weaker than expected earnings and revenue in its third quarter, which included the holiday season. while fedex also cut its full-year outlook for the second time in three months, the company's ceo fred smith spoke to jim cramer on "mad money" last night, and he said the u.s. trade war with china and the brexit drama are weighing on global commerce. >> well, we certainly are levered to it, but on the other side of the coin, some of the things that we have done, like our integration of tnt, and some of the programs we have in asia should mitigate some of that, but no question about it, jim, if there's not some solution to brexit and some resolution of the china-u.s. trade dispute it's unlikely to see much global growth >> fedex also reports continued weakness in its international express business that division includes the former dutch delivery company tnt. fedex has

let's get first of all to contessa brewer for an update on all the latest breaking news as it relateing. >> today has been

the faa, grounding all boeing 737 max jets following two deadly crashes in under five months contessa brewer has the details on this story. >> ground sg temporary while the investigation continues, but, look, this is a dramatic reversal from the support the faa was voicing earlier this week about the safety of the particular aircraft. >> we are a data-driven action-oriented agency we don't make decisions about regulating or grounding aircraft or even shutdown decisions for airports and aircraft without actionable data, and in this case the actionable data didn't arrive until today >> in the order to ground the boeing 737 both max 8 and max 9, "the acting administrator has determined that an emergency exists related to safety in air commerce." the data recorder in the cockpit voice recorder were damaged in the crash, and special equipment is needed to extract that information, so they're in paris, france, this morning. ethiopia is leading the investigation with assistance from the faa and ntsb. it's part of the information they collect to monitor planes globally it was given to the faa monday

>> it's like instagram in 2013. >> i can't believe i was defending the kardashians. >> contessa brewerleslie picker and bill griffeth, thank you. >>> they're facing on lawsuits, and who will get stuck holding the back that's next. . >>> join us me is katy, a "the washington post" report, covering this op jody story. how likely is it purdue will be allowed to file bankruptcy >> it's unclear. you know, it would be very significant, because the bankruptcy experts we spoke with said it could potentially bring a halt to civil litigation, also make it much, much harder to plifs to get awards out of a bankruptcy court rather than a civil court, and it couldbe used in the negotiation about what awards could be it's not clear whether or not they'll actually do it right now. it's an offense on the table. >>> i wonder how much they could be on the hook to pay out? is there any indication from the early trials about the sums we are tacking about? >> there are no early trials what in and out. the lane cap is there's a huge case in cleveland, ohio, a federal case, about 1600 plaintiffs in federal la

i am jon fortt with melissa lee and contessa brewer. carl is on assignment.is morgan brennan she's at the pentagon ahead of her interview with the u.s. army secretary taking place the bottom of the hour more from morgan in a minutes. we begin with boeing as the uk joins a lit of other countries in grounding its 737 max jets. phil lebeau joins us from chicago. what's the latest? >> it is a morning we heard from more aeriairlines and countries. there's a report from german tv the transportation minister in germany says german air space is shut to 737 max-8s that's some of what we're seeing today. when you look at the cascading number of announcements today, let me bring you up to speed in terms of how many airlines said they'll ground the max 8 and what percentage of the global fleet it represents. you're looking at 27 airlines around the world that's out of 46, 47 airlines that have the max 8. 48% of the global fleet. that's how many of the planes are now grounded, uk, malaysia, singapore, australia all saying they'll no longer allow the max 8 to be flown in t

. >>> good morning, i'm contessa brewer. here are today's top business headlines.l street is set for a mixed open. dow jones futures up 27 points right now. yesterday stocks mostly higher, the need dak rising for a second straight day. the dow closed in the red boeing was way down. on today's watch list for investors, a report on producer prices. paypal is giving consumers quicker access to their cash, rolling out an instant -- that sends money directly to your bank account. transfers typically take place within minutes, but it's not free. instant transfers include a 1% transaction fee that's capped at $10. >>> chipotle has launchesed its rewards program. they're teaming with venmo to give away up to $250,000. you can win anywhere from $1 to $500, no perform necessary. i feel like an advertisement right now. he you know -- anyway. if you're going go to the program. >>> coming up on "today in the bay," wednesday forecast this morning. >> i have a good forecast. 46 degrees right now in san jose. wind speeds are nice and breezy, but i'll talk about your daytime highs

i' contessa brewer at cnbc headquarters. celebrate the first day of spring with tasty treats.today touchdown free cone day -- it's freeone d at dairy queen, one per person and mall cations are not participating. the eventevrves as a fund raiser. rita italian's ice is also nning a promotion. the chain will give out more than 1 million free cups of the frozen dessert. rita's has about 600 locations in 30 states. i'm contessa brewer. >> i'm still thinking about the dairy queen. >> we got to find some ice cream, right? >>> we are working for you in the community with details on a , ique program in mccla virginia. >> the prom notes programs puts these little safety messagesde inhe corsages in an effort to prevent dru driving during the prom season. molette green has more from the flowers and plant shop in mcclain. >> reporter: i do want to give a big shout-out to our high school students from mcclain high school this morning and our senior right there who will be going to prom this year, these messag of safety you'll find this plant this flower shop started this so many years ago,

i'm contessa brewer at cnbc headquarters.ostmateas options that lets you have a meal delivered as part of a group o it will be sent out in a batch with a delivery person making multiple stops. e means your food could t longer to arrive, but postmates will drop its delivery fee. this is available in major u.s. cities and may not include all restaurants.cn with youbc morning business report, i'm contessa brewer. >>> i a is storm team 4 weather alert day. make sure you bcwnload our washington app. you can track the rain as it moves into your zip code. heavy rain forhe lat parts of the day. your forecast will be a wet one. indoor recess today. >>> new trouble spot right in the district. south on 295 towards pennsylvania avenue in the1th streetbridge. a crash along the right side of the roadway. that red line is getting brighter and brighter. slower traffic in that area. >>> plus, a water warning. what's coming ou t >>> new 4 begins with a storm team 4 weather alert. >> we are in weather alert mode, as youret morning started. the

i'm contessa brewer at cnbc headquarters. post mate has optns that lets you have a meal delivered. sent out in a batch with a delivery person making multiple stops. means your food could take longer to arrive, but postmates will drop its delivery fee. this is available in major.s. cities and may not include all restaurants. with you cc morning business report, i'm contessa brewer. >>> ahead on news today, a heads up for some of you. your tap water may have a i different sme the coming days. >> we're going to tell you why. >>> plus, fix your credit. we're working 4 you, showing inat needs to be done to get you back on trackcially. news 4 today continues next. dearest britain. we love you. maybe it's your big hearts. your sense of style. welcome to ba100. (ba100, you're clear for take-off). how you follow your own path. you've led revolutions... of ll kinds. yet you won't shout about it. it's just not in your nature. instead, you'll quietly make history. cake. beds. poetry. trouble. ve! hope! and rather a lot of tea. the best of britain, from the momentyou step. >>> news 4 begins wit

contessa brewer with the latest on boeing. are these the software upgrades that traced back to that original hawaiian air crash last fall >> yes, and another crash with faa investigators very eager to dig into the information collected by the cockpit voice recorder and the data recorder to see whether they reveal why there are similarities between the aircraft movements before the lion air and ethiopian air crashes. those black boxes arrived in paris this morning, severely damaged in the crash they require specialized equipment to extract the information on them. so the process of collecting that data has been delayed this could be the key to clearing the boeing 737 max 8 or fixing any identifiable problem. in the meantime, the grounded planes expected to account for 48% of boeing's commercial aircraft revenue this year clearly, a major contributor to boeing's bottom line many on the street expect boeing to keep up current production rates of 50 to a month but expect that deliveries could be halted with boeing having to carry

i'm contessa brewer pinch-hitting for brian sullivan today.ig shoes to fill, i'll tell you. we begin with breaking news. after more than three months behind bars, former nissan chairman carlos ghosn out of jail he was released from a japanese prison overnight you can see him there. he is the one wearing the light blue ball cap. as can you see, they're all coming out with mask oerz their faces. posted bail. this was the scene outside the japanese jail where ghosn has been held since november he put up nearly $9 million in exchange for his release, but he has to remain in japan he has had to surrender his passport he has had to agree to extensive surveillance and, in fact, he is going to be living in a home that's been approved by the japanese government. ghosn was arrested in november allegedly for underreporting his compensation ghosn calls those charges meritless. that's his word. we'll continue to follow the latest developments on the story. we'll bring you more as it comes in to the cnbc newsroom here >>> let's get you up to speed on what e

john ford, contessa brewer and bill griffith. >>> shares of apple are down a little over a half a%. to go back out to cuber tino for the lesatt on this event when the exchange comes right back no matter where you are in life or what your dreams entail, a cfp professional is trained, knowledgeable, and committed to financial planning in your best interest. find your certified financial planner™ professional at letsmakeaplan.org. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. >>> welcome back, the apple news is coming fast and furious, a new service -- a new gaming service just announced, credit card teaming up with goldman sachs and mastercard what jumps out to you. >> the first major announcement that's a potential game changer. major shot across the bough at traditional gaming publishers. look at google last week, this is big, this is something investors are going to be focused on from a gaming platform perspective, that's a bit of a wil

® i'm contessa brewer. here are today's top business wa street is set to open in the red.w futures are off by 20 points. yesterday stocks slipped with the dow snapping a four-day winning streak. the nasdaq eked out a small gain to close at its highest level since october. investors are on fed watch today. the federal reserve wraps up a two-day meeting this afternoon. while the fed is not expected to hike interest rates, the market will look for clues on the economy. >>> directv customers may have a few less viewing options. viacom's contract with at&t which owns directv expires midnight friday. that means channels like nickelodeon and comedy central could go dark. viacom is warning subscriberers they could lose access to 23 channels if the companies can't settle a dispute over programming fees. at&t is the celebrate the first day of spring with dairy queen's fifth annual free done day. it's giving serve cone. mall locations are not participating. it serves as a fund-raiser for the children's miracle network. rita's water ice will give you the free cups of the dessert. most

contessa brewer has a first look at the >>eporter: elon musk's energized over his high-speed transportation tunnels. >> at 150 miles an hour. phenomenal. >> reporter: now his company, the boring company, is proposing one for nevada. the las vegas convention and visitors authority is spending $1.4 billion to renovate and expand a massive campus. ra you know, wve been the top city for shows 24 years in a row. we certainly aim to keep thate. ti >> reporter: moving customers over 200 acres is a challenge, an seen a crucial to competing successfully against other cities for megaconferences. the boring company is proposing an underground people mover in a tunnel called the loop. >> this kind of innovation is an attraction in and of itself. it helps our customers to experience everything on our campus. >>eporter: and at an attractive price tag of $35 to $55 million, a fraction of a competing above-ground proposal. it's likely to be the boring company's first commercial project and could boost future projects. boring unveiled a test tunnel in december but proposals have been stymied by complex bure

contessa brewer, thank you, as always. >>> turning toall street, the s&p 500 hit a new high thanks to a rise in technology shares and economic data that showed stability in the manufacturing sector and mutedinflation. the dow jones industrial average rose 148 points to 25,702. the nasdaq added 52 and the s&p 500 was 19. we're almost midway through march, and if things continue t hu along, the market could ending the quarter m new milestones. dominic chu takes a look. >> it's been a banner start tohe 2019 for stock market. if the s&p 500 can stay above a gain of12%, we will be on pace for the best first quarter performance for that large capc index sin the start of 1998. now, during that quter, the s&p gained nearly 14%. but it's not the only part of the market that's moving up at a break-neck pace. after gteting bn down during the final weeksfnd months 2018. the nasdaq composite is up arou 15% so far this year, meaning it's on pace to have ist uarter to start a year since the year 2012. drilling down into aouple of key industry groups to watch, transportation stocks, often a focus for

as girls take wall street, i 'm contessa brewer. me in a minute with mike santoli, senior markets commentator. and here is how we are finishing the day on wall street as you can see the dow industrials up almost half a percent. s&p up, nasdaq composite up .8% and the russell 2000 also up .9% on the day coming up, the lackluster hollywood box office this year and joining us to talk about the market day, rob cox from reuters. good to see you. but first, let's get right to mike santoli here are the markets are playing a little bit of a ballroom dance it's the chase come here, come here get away, get away. >> that's right. everyone said it's this point, logical point to pull back and didn't really pull back. it's halting moves lower sideways i don't think there's edge in terms of today's action telling you exactly where the next couple of percent are going, up or down. but it does seem as if it's a pretty comfortable environment in terms of the rally being on decent footing, credit markets seem okay. volatility bled out of the market so

i'm contessa brewer.ns me with mike santoli here's how we finish the day on wall street. right now the dow jones industrials off by .3% s&p up a .3% the nasdaq up nearly half a percentage point and the russell 2000 just barely in the green hanging in there here are the stories on the radar. boeing under great pressure as airlines and countries suspend operations of the 737 max 8. the nasdaq outperforming second straight day global debt up 50% over the past decade and the results of a key brexit vote last hour. we'll get to all of those stories but first joining us is barbara durand but first, let's start with you, mike how do you read sort of what's happening today? rather smooth ride on wall street. >> little bit indifferent. follow through to yesterday's strong rally most notably i think apple and alphabet up. probably accounted for a big chunk of what the s&p was able to do but the index again got bashful, up to the 2800 level or a point and a half away and backed away. i think we are in the between ne

. >>> i'm contessa brewer. here are today's top business headlines. red this morning do you futures are off by 136 points. the dow dropped more than 100 points as investors reacted to the federal reserve's decision to hit the pause button on interest rate hikes the rest of the year. that knocked bank stocks lower and pulled down the broader market. today we're watching for a report on the number of people filing for unemployment and earnings from nickie. passengers in pickup trucks may be at more risk than the driver. the insurance institute for highway safety said state of the art protection is not offered on the passenger side. only three got a good rating. the ford f 150, the ram 1500 and the nissan titan. the toyota tundra has the worst rating with a poor rating. alamo draft house is planning to launch a movie subscription service by the end of the year. the plan will cost 20 bucks a month and let you see unlimited movies. and lets you reserve your seats days in advance. alamo has 35 locations in 10 states, including one in san francisco. >> good

. >> i'm contessa brewer in for sara eisen shares of tesla tanking after elon musk says he doesn't expectompany to turn a profit in the first quarter. >>> plus amc on pace for the best day since going public in 2013 the company's ceo will join us for an exclusive interview that also is coming up. >>> first of all, market action. we have 59:3

i am carly fiorina with contessa brewer and jon fortt at post 9 morgan has the morning off obviouslyelloff on our hands, dow down 300 plus, session lows shares of apple on a tear, rallying enough to reclaim title of the world's motion valuable publicly traded company, trying to hang onto the flat line sending out an invitation earlier this week with the tease it's show time as wall street looks ahead to monday, some long term holders of the stock remain skeptical. joining us, jeffries analyst jeffrey oh shay, and chief investment strategist that remains in the stock as well good morning, guys >> thanks for having me. >> help us understand whether or not you think at least the streaming wars will change on monday >> yeah, well i mean -- sorry. >> nancy >> i think the announcement is exciting we have long been advocates for the stock for services revenue, recognize iphone sales had begun to slow awhile ago i don't think it is a game changer. it is more of a psychological benefit to shareholders and an indication that the company is innovating rather than -- and i wouldn't even see inno

i'm contessa brewer. here's your news update this hour papa john's reached a settlement they will mutually agree on independent director to replace him and if not named prior to shareholders meeting, his term will expire and drop two lawsuits against the economy >>> audi is recalling nearly 75,000 cars and suvs in the united states because fuel leaks in the engine could start a fire the recall involves the model years 2015 through 2018. >>> jeff bezos with net worth. and kylie jenner the youngest person ever as a self-made billionaire on this list worth more than a billion because of a cosmetics company >>> the first major parade of mardi gras this fat tuesday morning. the zulu parade had several floats and a marching band formed in 1909 to pay homage to zulu warriors. that's cnbc update >> thank you morgan brennan for the market flash. >> kelly, another stock that's moving back towards session lows right now. that's transdigm aerospace parts provider to the defense to the department of defense and elsewh

. >> i'm contessa brewer boeing is under some pressure as airlines and countries suspend operations of 737 max 8. the international transportation union calls for the faa to ground flights we'll talk to its president coming up. >>> plus crude oil up more than 25% year to date and bp's ceo will join us in a first on cnbc interview. you don't want to

investigation into massage parlors in florida how is this legal and what are the privacy concerns contessa brewer has that story >> reporter: this is hidden camera video inside a south florida massage parlor which captured customers getting sexual favors from employees normally you would expect complete privacy in a businesslike this. but this secret videotaping is actually legal it's done by police. the same hidden camera technique was used in the recent human trafficking investigation at south florida spas that's led to more than 300 prostitution related arrests including new england patriots owner robert kraft caught on hidden camera at this spa in jupiter, according to police records. kraft has pled not guilty to two counts of soliciting prostitution martin county sherif martin county sheriff secretly installed hidden cameras in five of the eight spas under investigation. through what's called a sneak and peek warrant. >> there was no other way to complete this investigation without having the court ordered surveillance in place. >> posed as employees in other occupations to get into the mass

let's go to contessa brewer. >> they call it an emergency related to safety and commerce and grounded max 8s and 9s the acting administrator told cnbc they got new information just yesterday before the announcement was made, physical evidence from the crash site of the ethiopian flight 302, and refined satellite data, tracking data passed on by flight aware and partners at arion. there are some similarities between the ethiopian crash and a lion air crash five months ago. >> the full track of the ethiopian flight was close to lion air also, the evidence we discovered on the ground was even further evidence that the flight was very similar to lion air. >> boeing is standing behind the safety of the max aircraft, says out of abundance of caution is urging the faa to suspend operations of the max fleet, 371 airplanes globally american airlines, southwest, united have all given statements supporting the safety of the plane, especially because of their pilot training programs, and analysts like those at bernstein see that support as a positive sign that problems that led to the crashes can

i am jon fortt joining me, contessa brewer, andrew ross sore kin carl is on assignment, so is morganan at the kennedy space center we're going to hear from her in just a moment. >> all right let's begin with tech stocks major indexes off initial highs, nasdaq on pace for a tenlt straight week of gains first time in 20 years since christmas eve, up nearly 20%. faang stocks fueling the rally, all five off to a strong start for the year joining us where to find value, tom forte, and aaron kessler gentlemen, good to see you both. tom, we regained some ground we lost last fall heading into spring, what drives tech >> sure, you look at in particular for amazon and for apple, it's about maintaining strength in the u.s. consumer and then the cloud computing effort for amazon and then for apple it's really about finding new opportunities beyond the iphone but i do think that, you know, 2019 you're still looking at good up side, at least for amazon and apple on the cloud computing efforts for amazon, and apple's ability to find opportunities beyond the iphone. >> aaron, where are you looking f

here with their takes are contessa brewer, bill griffeth and kate rogers. hello, everybody first the deadly crash raising safety concerns for commercial air travelers. people talking about the fears of flying on the same type of plane involved here. 737 max 8. a traveler tweeting southwest, which is one of the two u.s. airlines that uses these planes, why don't my reservations indicate the air type? i don't want to fly a boeing 737 max 8. another asking american if it's grounding the max 8 planes citing concerns for her husband's upcoming flight. also, guys in the prior case 737 max as a line is much bigger than the max 8. >> yes. >> what do you make of it all? >> let's first acknowledge the more than almost 400 souls that have been lost as a result of the two crashes. one time is an accident. two times is a coincidence third time is a trend. are they going to wait for a trend to do something about this i heard your analyst last half hour was hardly endorsing people getting on a max 8. >> no. >> so there are 350 max 8s in service around the globe right now.

contessa brewer has the latest for us >> that was just breaking within the hour the canadian transport minister announcing a big reversal that the boeing max aircraft cannot fly into or out of or above canada's air space restrictions affect not only the max 8 but the max 9 as well. the decision made after what the transport minister described as new data >> what we looked at this morning was simply the profile in about the first ten minutes of the flight of the ethiopian airline when it took off from addis ababa. and we also drew up the same profile for the lion air one out of indonesia so that we could have a basis for comparison. and that's all we looked at. >> what he's saying is they looked at those two crashes and the similarity of what went wrong and went on to say he had full confidence in canadian pilots that they'd know what to do if facing a similar situation. there have been no reports of any abnormalities from any of the canadian operators of the max 8 or max 9 we know there's 24 max 8s in the canadian air fleet at this point it's just the u.s. who is flying the boeing max

learn what a cfa charterholdr can do for you at therightquestion.org >>> i'm contessa brewer.your cnbc news update this hour. students around the world protesting their government's lack of action on global warming. marches occurring here, in the united states, and switzerland and germany, italy, india, sweden, england. >>> rent for single family homes and multifamily on the rise as home prices are falling. the median monthly rent in february rose nearly 2.5% compared to february of 2018 >>> according to the bureau of labor statistics, job vacancies jumped to a fresh high of $7.6 million in january the jolt report is watched closely inside the halls of government it measures the level of employment vacancies as well as how many workers left their jobs and their reasons for separation and a good day in space. a russian american crew arrives successfully at the international space station today. that's five months after a botched launch led to an emergency landing for two of the three astronauts that's cnbc news update at this hour send it to you, melissa. >> thank you >>> 90 mi

contessa brewer with the latest. >> the data recorder are in paris. investigators are eager to see whether it sheds more light on similarities any see between the lion air and ethiopian air crashes. the black boxes were severely damaged in the crash and require specialize the equipment to extract information. the process of collecting the data has been delayed. now check this chart out the max program expected to account for 48% of boeing's commercial aircraft revenue this year clearly a major contributor to the bottom line. many on the street expect boeing keeping up current production rates of 52 a month. but expect deliveries could be halted with boeing having to carry the inventory until the grounding is lifted. something boeing's balance sheet can handle mm but boeing has lost $25 billion in market cap since march 8. one analyst points lee ricks .1 the expense of implementing the stairs fixes the potential to airlines and leasing companies who had to ground prans map cory points out hawaiian and alaskan could benefit since southwest planned to us

is grounding all 737 max jets, as you know, following two deadly crashes in under five months contessa breweratest on what has become a major developing story contessa >> sure has, carl. the faa did an about-face after it got refined satellite data and crash site information that showed similarities between the crash site in indonesia and indian air flight 203. the cockpit voice recorder and data recorder are now in paris the black boxes were damaged in the crash and requires specialized equipment to extracts information on them meantime, boeing, southwest and american and united airlines all say they support the decision to ground the planes while standing behind the safety of the 737 max aircraft a pilot representing southwest pilots told cnbc in 90,000 hours of data, it shows it's safe. >> the 41,000 flights, and we've got to figure out why there's an anomaly between what we're seeing with our data and the two accidents that have happened overseas in the last six months. >> bank of america's analysts point out how important this max program is to boeing's bottom line check out the bottom l

i'm contessa brewer.nbc news update president trump tweeted this morning the fbi and justice department will review the jussie smollett case calling it outrageous and an embarrassment to the nation. tuesday prosecutors dropped all charges against smollett at an unannounced court hearing. >>> an explosive laden vehicle detonated outside of a busy res plant somalia's capital killing at least ten people and wounding 16 more. there was no yesterday claim of responsibility for the attack, although the al shabaab extremist group has been behind similar bombings. >>> a california jury wednesday awarded more than $80 million in damages to a california man who blames roundup weed killer for his cancer the six-person jury ruled in favor of edwin hardeman against monsantos, the maker of the fertilizer >> and a single ticket matched all six numbers sold in new berlin, wisconsin, the third largest lottery prize in history and would yield a lump sum cash payout of $4646.5 million. that's the cnbc news update. i've got

. >> thank you >>> now let's get a cnbc news update with contessa brewer. >> here's what's happening now. during a senate committee of vaccinations and outbreaks, a hearing, a 19-year-old teenager from ohio testified about getting vaccinated as an adult defying his mother's anti-vaccine beliefs >> i think part of the issue is being able to inform people about how to find good information because with my mother it wasn't that she didn't have the information but manipulated and that's part of the attack of the cdc made out to be a fraud lentd group. >>> extreme gusts of wind rocked a florida-bound cruise ship causing injuries to passengers norwegian cruise line says the "escape" ran into winds estimated at 115 miles per hour. those are hurricane force winds late yesterday that caused the ship to tilt to its port side. french carmaker bugati unveiled the most expensive car it's named simply the black car. except it's in french. despite the price tag, luxury automakers say the niche car for the superrich is growing i wonder how you take it to a car wash just saying. >> well, carefully i

i am carly fiorina with contessa brewer and jon fortt at post 9 morgan has the morning off obviouslyow down 300 plus, session lows shares of apple on a tear, rallying enough to reclaim title of the world's motion valuable publicly traded company, trying to hang onto the flat line sending out an invitation earlier this week with the tease it's

i am carl quintanilla with jon fortt, contessa brewer is with us f

. >>> time now for a cnbc news update with contessa brewer. >> major flooding in minnesota that forcedto leave their homes. water is up to three feet, neely 300 homes affected here. the result of an ice jam in a nearby creek what a mess. >>> mgm got its gaming concession extended and will have the resorts pay $25 million to extend its license in the gambling hub that lifts uncertainty surrounding the concession there. >>> crazy video of a woman lifted into the aby strong winds and lifted trying to secure a canopy and came out of it -- look at this without a scratch. got a story to tell. >>> if you live in louisiana and got a big tax refund, you might be able to keep it 66,000 taxpayers double payed for the state refunds. now the state is trying to claw back the $26 million in overpayments a division of administration spokesperson says the problem was fixed. they're working to recover the money. i would say until you recover the money, the problem is not actually fixed my take on it. >> what a bummer for those people >> thank you very much >>> coming up, will tesla's model y be a big wi

squawk box" on cnbc >> the boring company on the verge of launching a new project in las vegas contessa brewerr the first look at the proposal hi, contessa >> hi, melissa yeah, this could be a win-win. boring in sin city las vegas would launch a transportation revolution. the boring company would get its first fully completed project. the company spent $10 million to roll out a test tunnel in l.a. it's also proposing projects in l.a., chicago, maryland, but nevada could be the first place to get a loop up and running at a cost of between $35 million and $55 million. all right. the las vegas convention and visitors association is spending $1.4 billion to expand and renovate two miles of conference space. it needs a way to move people more efficiently over 200 acres. unlike other regions dealing with complex layers of bureaucracy or not in my backyard opponents, the lvcva board only has to work with clark county for approval. the ceo sees it as crucial to competing with other cities globally for these mega conferences. >> we've been the top city for trade shows 24 years in a row. we certainly ai

max 8 that crashed over the weekend reported flight control problems before the plane went down contessa breweri there. yeah there are some 8500 max 8 flights globally every week around the world that particular boeing model has been grounded around the world let's talk about who is still flying them. american, southwest, west jet, canada air, and canada's transport minister says there are no plans to ground them there. the faa released a statement late yesterday saying thus far our review shows no systemic performance issues and provides no basis to order the grounding of this aircraft if any issues affecting the airworthiness are identified, the faa will take immediate and appropriate action late last night the european union celebrating 15 sthurkz zblinchtss. >> it expects boeing to pay for that norwegian air ceo posted a video on twitter >> they will not take the cost related to the new aircraft that we have to park temporarily. we will send this bill to those who produce this aircraft. >> boeing ceo dennis muilenburg spoke with president trump yesterday following his tweet. the president's

contessa brewer joins us now with more on this growing story. >> faa calls it an emergency and the safetyicates similarities between the crash of flight 302 and the lion air crash in indonesia. the acting administrator told cnbc his agency is data driven and the data changed yesterday. >> the initial track that we got on sunday and monday morning was only three minutes along, the first three minutes of the flight. the new track data we looked at was for almost the entire length of the flight. also, the evidence that we discovered and the ground actually was even further evidence that the flight was very similar to lion air. >> as he announced it, president trump applauded the faa for its decision-making process. here it is. >> they acted very quickly, yeah, and we acted also very fact based and very much working with other countries and with the airlines. >> we're told the data recorder in the cockpit voice recorder were damaged in the crash and need special equipment to extract the information this morning. those black boxes under paris. the information on them we're told is crucial to t

i am carl quintanilla with jon fortt, contessa brewer is with us for the hour.gan has the morning off dow trying to wrestle on a friday, boeing with a drag facebook shares down over 2%, crossing below the 200 day moving average two top executives leave the social network, following mark zuckerberg's plans to transform the company into a privacy focused platform apple, releasing its own on privacy. take a look. ♪ >> let me see that ♪ >> stocks going in opposite directions, facebook and apple for more, let's bring in tim lesco who owns shares of both companies. good morning to you. >> thanks for having me. >> we know that apple tried to use the issue of privacy as a kujol for awhile do you believe facebook is responding with the pit to privacy, is chris cox's departure, does that suggest it is for real? >> oh, i think it is for real. we're all looking down the barrel at similar regulations you have in europe and all want to be first to implement those changes before congress acts through all of these discussions, that's really what we need in the u.s apple already