it's all about a comfort and familiarity between the cfo, dave calhoun, and brian west if you look at their histories going through nielsen, also through jay aviation he comes in as the new cfo brian is going to take over for the cfo in august. there will be an interim person from the finance department at boeing who will run the department between the end of -- or the beginning of july and then the middle of august or so, but again, brian west is the new cfo. he's got extensive experience in the aviation industry and in manufacturing, and there is a comfort level there between dave calhoun and him, and egshe is t new cfo for boeing >> thank you, phil, phil lebeau. >> he is part of the dave calhoun era. he is also a major executive i don't think this is market-moving news but it's an important part of the transformation of boeing's c-suite. >>> coming up, china's ride rail company didi we have how it stacks up against uber and lyft. >>> virgin galactic grounded today. we've got the details for you when "fast money" returns. this past year has felt like a long, long norwegian winter. b

dave calhoun is in the top position.n't essentially make financial sense to come up with an aircraft to chase after 5% of the backlog at the xlr house. then again, you've had issues with the recent aircraft like the 777x. so he is between a rock and a hard place. guy: does it accelerate boeing's decision to build an all-new body? sheila: i think does it -- i think the decision to build a new body means you need the technology to warrant the billion-dollar investment. i'm not sure the technology is there. if you were to wants and thing today, would it be considered an intra-america just a temporary fix or 2030 to 2040 until the technology is truly there, whether it is hydrogen or composite wings and you have a more engine efficient engine. alix: my question on united for tomorrow. the strategy meeting in 2018 did not please investors and analysts. what are you watching tomorrow? sheila: three things. one is what are they thinking on international? domestic in the u.s. is maybe 20% of 2019 levels, so the narrowbody -- the

i have spoke on the dave calhoun and hopefully today is a good day for him with the new announcement.is not just airplanes. it is china is a big market. we have to make sure american companies can do business there and export there. >> finally, talking about tiktok we chat. can you give us a sense of a timeline on that review and when you might reimpose or extend ban that came from the trump administration. >> the administration is doing a top to bottom review. i don't have a specific timeline per se. it is all part of the strategy of protecting america, national security interest and economic interest when as we need to, being defensive. but really an everyone sizz cyst on playing offense. investing in america. growing your own economy. maintaining our tech logical edge. making critical supplies in america. manny: that's the u.s. commerce secretary there speaking exclusively with david westin. coming up, we'll get back to our guest host and dig into some of the breaking news headlines coming across the terminal from china. this is bloomberg. ♪ manny: bloomberg day break. ed smith is

i have spoken to dave calhoun and hopefully today, it's a good day for him with the new announcement,i said, it's not just airplanes area china is a big market and we have to make sure american companies can do business and export there. >> finally, talk to us about tiktok and wechat. there is a review going on. can you give us a sense of a timeline on that review, when you have a decision and when might reimpose or extend the ban that came from the trump administration? gina: the administration is doing a top to bottom review of so i don't have a timeline per se. it is all part of the strategy of protecting america's national security interests and economic interests as we need to, but really, emphasis on investing in america, growing our own economy, maintaining our can additive technological edge, and as we started talking about making critical supplies in america. >> geomet speaking exclusively with david westin. we have lots more to, on daybreak. this is bloomberg. -- to come on daybreak. this is bloomberg. ♪ >> a quick check of the latest business flash headlines. shares fell af

i was talking to dave calhoun yesterday of boeing. very much back on airplanes. another person that i expect will be echoing that sentiment is the ceo of southwest, announcing that he is going to step down next year. he's been running southwest for more than 17 years. a lot of european carriers see him as the model, really. the vp of corporate services set to replace him. for more on this transition, brooke sutherland joining us now. was this expected? what does it mean? brooke: i don't think it was expected, but this is going to be a very orderly transition. gary kelly is going to step down next february, so was got a few more months of him in the top job, and then he is planning to remain executive chairman through at least 2026. that is ample time for wall street to get comfortable with this transition. i think this should also be a lot less jarring than if the announcement was made that time -- was made this time last year. if you look particularly in the domestic leisure spots, that has really come roaring back much faster than a

for dave calhoun and bowing this is another question of what is going on between boeing and the faa andp when it comes to the inspection and certification of aircraft. dave did say earlier this year that they did not expect this triple 7 x to be certified until late 2023. so this is not new guidance from the company but as a glimpse into the relationship between boeing and the faa and in a statement today or yesterday boeing said it remains fully focused on safety as our highest priority throughout 777 x development as we subject the plane to a comprehensive test program to demonstrate its safety and reliability we're working through a rigorous development process to ensure we made all applicable standards. boeing has 320 triple 7 x's that have been ordered. it is hard to say that this is good news from boeing, from a customer standpoint. but one thing that you should keep in mind, melissa, is that these planes, basically replacing the 747, they're not in demand right now by airlines like emirates. it is not like the airlines are saying we need to fly people long distances that market i

breaking right now, let's put up the shares at the moment and look at boeing shares down about 2% ceo dave calhounhe recovery is robust , but he sees supply constraints, and is "frustrated as anyone" with the stability of the aircraft maker's monthly delivery rate. he is speaking right now the bernstein strategic decisions conference and he also said at this conference, the u.s. and china need to restore relationships on trade, and he also said, "we've got lots of time for the next new plane, won't be all that long before an announcement." well guess what? a lesser known name in aerospace has already beaten boeing to the punch when it comes to plane announcements. boom supersonic announcing today it has just struck a $3 billion deal with united airlines. ual is going to buy 15 of boom 's supersonic overture jets with the option to purchase 35 more in the future. okay, how cool is that thing on your screen? well nearly 20 years ago supersonic air travel came to a grinding halt after the concord 's final flight back in 2003 but now boom is flying ahead with promises to transform , let's say disrupt

in focus will be dave calhoun, the ceo of boeing.here the airline is now a couple of things on the commercial airline front that will get attention we'll see what he has to say about the 787 production remember, they announced just last week that they were going to be delaying their deliveries. why? because the faa still is not comfortable with their quality control measures in terms of final inspections. essentially for about 6 to 7. >> we'll see if there's some update >> thank you, phil that was number three, right got the boom, got the -- they're all over the place can you come back at the end and summarize? >> yeah. >> we've got delta, supersonic jets and now we've got boeing. thank you, phil. keeping us updated. >>> talking about shares with a man that knows a thing or two about retail investors joe moglia will join us on the return of meme stock mania stay tuned watching "squawk box" on cnbc. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq

i have spoken to dave calhoun and hopefully today is a good day for him with the new announcement.s i said, it is not just airplanes. china is a big market and we have to make sure american companies can do business there and export there. >> i talked to you about tiktok and wechat. there is a review going on right now. can you give us a sense of the timeline, when you might have a decision and whether you might reimpose or extend the ban that came from the trump administration? gina: like everything, the administration is doing a top to bottom review so i don't have a specific timeline per se. it's all part of the strategy of protecting america's national security interests and economic interests as we need to, being defensive, but really, emphasis on playing offense, investing in america, growing our own economy, maintaining our competitive technological edge, and as we started talking about, you know, making critical supplies in america. anna: the u.s. commerce secretary speaking with david westin. we are getting movement coming through on chinese equity markets. they have been

now let's be clear here, dave calhoun, the ceo of boeing, has said that they do not expect that this this is not going to change the company's immediate guidance this has been slipping they said, yeah, we expect deliveries by the end of 2021. boeing issuing a statement regarding this letter from the faa saying boeing remains fully focused on safety as our highest priority throughout 777x development. as we subject the plane to a comprehensive test program, we are working through a rigorous development process to ensure we meet all applicable requirements the 777x, which is essentially replacing the 747 which has been phased out, it's gone, it's going to be the largest of its commercial aircraft, they have 320 orders now we should point out that when you talk with the airlines that have ordered this or have made commitments to order this plane, airlines like emirates, they're not in the market for long haul aircraft like this simply because the international markets have collapsed so boeing to an extent is not going to feel a big impact right away by not being able to deliver this air

no 787s are delivering at this moment >> have you told this to dave calhoun and to stand diehl at boeingal but i've been very open with them that this is not the boeing we know they have to meet their promises boeing has let down a lot of their customers. i think they're working very hard, putting a lot of resources on getting back on track, but it's been a very, very difficult last two plus years with boeing. >> steven, you've seen a number of airlines that are starting up, whether it's avelo, whether it's breeze. david neilman's new startup. right now if you've got capital, there's access to aircraft how many startup airlines do you expect to last let's say five years from now >> i think we'll see as many as 50 to 70 airlines startup on a global scale with jet aircraft seating over 100 passengers. right now you have three ingredients that are helping start new airlines access to low cost capital, there's access to aircraft, both used and new at relatively favorable pricing and there's a lot of pilots and flight attendants and engineers so there is a labor supply that's available becaus