the board has said we are going to waive that and dave calhoun is here for the foreseeable future >>ther things that boeing was dealing with. the chart certainly doesn't look too good okay all right. thanks, phil andrew >> you bet we got a lot going on this morning. before we head to a break check out some of the other movers right this moment. shares of twitter are higher, earnings of 18 cents per share, beat estimates of 15 cents revenue jump of 37% roughly in line with estimates. take a look at shares of google parent alphabet, reporting earnings per share of $27.99, much higher than the $23.48 analysts expected. revenue also beating "squawk box" returns with a lot more in just a moment. >>> time now for today's aflac trivia question. earlier this week wti crude traded above $85 a barrel. when was the last me itredtit ad at this level? the answer when cnbc "squawk box" continues. nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. >>> no

let's bring in dave calhoun. dave, third quarter, you knew this was going to be a challenging quarter. do you feel like, okay, i can see some light at the table, whether it's the 787 dreamliner or other issues? >> i absolutely remain a complete optimist. it's important we open with a decent trajectory. i think fourth quarter will get even closer. i am an optimist i'm feeling good about where we are and where the year is going next year. >> the dreamliner, still haven't begun deliveries you are making progress there. what is your outlook for resuming the dreamliners. >> we're following a very deliberate process et cetera, but we dotted all the is, crossed all the ts, and started delivers we're going to do the exact same thing. the max out there is flying like crazy, and it is as reliability as any airplane in any fleet in the world. so i feel have very good about that process i can't predict delivery times i have a counterpart in the faa, and for abnorm at products, and you're saying we expect altogether, whether i

phil lebeau speaking to the ceo dave calhoun earlier >> this was not an earnings report that boeing investors will like. when you listen to the analyst call, you kind of came away going, okay, when do things finally start to improve here? take a look at some of the things that came out in boeing's conference call and in the third quarter earnings you have them restarting 787 deliveries when well, dave calhoun told me this morning they're not going to put a date on it some believe it may happen before the end of the year they do believe they'll hit their target of 31 per month by early next year. but they haven't received any orders from china. here's calhoun talking with us this morning on "squawk in the streets. without a doubt if i got to the middle of next year and said there's no china, then we wouldn't cut rates, but we would not increase rates at the pace that we would otherwise increase them >> by the way, it is unclear when china, first of all, needs to recertify the 737 max dave calhoun is cautiously optimistic that they're making progress there, and that will happen weather plans th

. >> he is dave calhoun, right he is dave cal hurhoun, the ceo, right? >> yeah. serious credibility here, what the investing community wants to hear is when is the 787 going to start getting delivered again. there's no update on that and it's been several months and that's a serious credibility issue. he says that the 737 max is going to be approved in china by the end of the year. that's a milestone that's two months away. okay i'll give him his two months because that's worth waiting for if it comes through this stock will take off. if it comes through they'll start delivering 737 maxes in the first quarter, absent that, i'm not going to tell you everything is rosy if you'll ask me why stay in the stock? >> that's my next question. >> there's one very good reason. the airline industry is back in growth mode. plane orders are being placed including at boeing and if you want to grow your airline, as many airlines across the world do, you want to go to boeing and airbus has groewn over the past two years and i wi don't want t talk about the duopoly bet betweenburg