. >> and david calhoun, did this last week. calhoun lead director at boeing he is non-executive chairman but i think -- he even said in a statement he expects to be active and the brody has taken on a more active role, especially as the company is trying to assure regulators and the folks in washington that safety is a priority so there is no way for me to prognosticate the future of dennis muilenburg at boeing. but clearly the documents and the exchange between the f.a. chl a and boeing -- by the way dennis muilenburg and the f.a. chl a administrator it did talk this afternoon there is no which to know his status at boeing. >> any final thaupts on boeing before we gets to final trades. >> it's strange how it even today holds in with the the news we heard about to guy's point it was moving sideways the last couple days or months and now you start to see this headline again risk. and it's still holding in. makes me scratch my head. >> down 25. >> this is as big of a move as we have seen, no. >> but when you look at it upon a cha

to focus on bringing back the company's 737 max jetliner from its worldwide grounding director david calhoun will take over as non-executive chairman according to the company. germany's federal transportation authority has ordered carmaker dime learned to recall hundreds of thousands of vehicles the recall is based on an unapproved emissions technology in diesel engines and that affects most of diamonds product range down there says it will appeal the decision and plans to cooperate with the authorities. the u.s. is set to impose a 25 percent levy on a range of agricultural products from europe next week the plan follows a world trade organization ruling that the e.u. had illegally subsidized aviation giant air bus to the detriment of u.s. rival boeing and its future still ongoing but european food producers are already sounding the alarm. this is parma the italian province that's been producing hard cheese for 9 centuries. jannie back to nelly's families be not it since $895.00. much of his product is banned for the united states it's the 2nd most important export market for parmigiano afte

as interim chairman or maybe permanent chairman, they'll make the right decision >> david calhoun has, i've heard you say you believe in term limits for directors. what's your sense of whether he's in a good place timewise to take over as chairman? >> actually, i think he's in a very good place. you know, he's been there since '09, so he understands the business he's got a fabulous background, a great reputation for being a steady hand in troubled times. i think they're very fortunate in having him step in. and i think that the board is happy to have someone who's dedicated and focused to getting their input, when the ceo is busy, they're busy operating and they only have so much time for the board. >> i want to go back to what you said it's slightly contrary to the tone of what your first answers were you do think dennis muilenburg's time as ceo as well is ticking away >> it's just the political realities of today's business place. obviously, as betty said, no one knew he was going to last this long it's actually leudicrous that he has. it's more than just boeing and the faa, it's di

take a look at shares of boeing, it's had a muted reaction to this news that david calhoun will be the chairman of boeing this is a stock that looks like it hasn't done anything since the grounding, they took off about $30 billion in market. when you go back to the high when it was well over $400 last year >> appreciate it very much we'll talk about whether wework can avoid a cash crunch. take a look at shares. smiles direct are sinking today by 10% this is a day after california passed a bill that include ke regulatory changes smile direct club has faced option from orthodontictists we're back in two. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as or

the new nonexecutive chairman i should point out is a long-time director, david calhoun, who has beenrd for about a decade he joined it back in 2009. ba blackstone managing director he's also on the board of caterpillar and has vast experience with large industrial companies. spent 26 years at ge at one point he was running the ge aircraft engine division. what's he doing at boeing now that he's the nonexecutive chairman he said i'm going to be focusing on the oversight of safety that's the big push at boeing right now. they made a number of changes that have already been jiend to increase and change the culture at boeing, which then brings up the question what's dennis mullenberg doing now that he's strictly ceo it's all about the max they have said and they maintain it will be recertified and back in service this quarter that means they have ten weeks to enclosure a number of hurdles with the regulators to get this recertified. don't forget october 30th he'll be on capitol hill there will be a congressional hearing. you can bet there's a lot of questions about the culture at boeing

at caterpillar, david calhoun took on that role very successfully, quite recently until last year, atll you know, there's a -- at raytheon in an earlier era, there was a great engineer who got the job earlier, tom phillips he created the patriots missile system he was ceo charles francis adams ran cover for him as chairman handling the regulatory front i think that can be a very effective partnership. it surely will in this case. >> i've known calhoun, dave, a long time. is -- what's the role of a non-executive chairman is he going to be more of a hybrid between executive chairman and non-executive chairman would you think, jeff >> that is such a good question, joe. one i didn't mention that you would know well would be the transition to the new york stock exchange when john fein became ceo at a time of crisis after dick grasso left we had a ceo, somebody step in there who was a former citigroup ceo, john bank he was executive chairman. that is a little bit more blurring of roles. they're obviously quite hands on in this case a non-executive chairman is very little difference than a p

he was not in the meeting when the board met and decided that david calhoun, the lead director at boeingve as nonexecutive chairman. now, calhoun has vast experience in industrials, long time ge executive, currently senior managing director at blackstone. so for dennis muilenburg, now that he's not chairman of boeing, and strictly ceo, what does that mean the fourth quarter is going to be crunch time for him he's got to return the max to service, that's the guidance from the company, they are not changing that guidance they have got a congressional hearing that dennis muilenburg will be at on october 30th he has to maintain 737 production this is important because they have said all along if they drop below 42 per month, the current production rate, the concern is that that could lead either to them or their suppliers having to institute a large number of layoffs and in this environment, where skilled labor is hard to find, especially in the global aerospace supply chain, they want to maintain 42 per month. that's going to be the challenge in the fourth quarter and into the first quarter

the board elected david calhoun to serve as non-executive chairman. time running the company as it works to return the 737 max jet to service. the fleet was grounded since march after two crashes. ♪ >> the whistleblower repori rely conversation, an exact transcript, and the whistleblower didn't say that. jackie: president trump on ukraine just earlier, as former u.s. ambassador to ukraine marie yovanovitch behind the house intel and foreign affairs committees. the former ambassador told the committees that the president pressured the state department to remove her from her post, according to prepared remarks reported by multiple outlets. chief intelligence correspondent catherine herridge joins us with the latest. reporter: jackie the former ambassador congressional appearance was in doubt. the house democrats said the administration told maria joe vaughn know very much. according to prepared remarks yovanovitch denied disparaging trump administration saying she was pushed out. i was incredulous that a u.s. bam does are based on what i can tell unfoun

the new chairman is a man named david calhoun.llow the blackstone group, you know the 62-year-old calhoun is the senior managing director at blackstone. he's the former vice chair of ge and ran ge's airplane engine business during 9/11. so he's been through a crisis or two. he is also the turnaround ceo at nielsen, the ratings company. he's described as intelligent, pragmatic and disciplined. now this is a high-profile board that boeing has. caroline kennedy is a member of the board. nikki haley recently added to the board. lots of other high-profile folks, b they have seemed to have stripped dennis mull enburg of his title as chairman of the board. the southwest pilots that you mentioned earlier they are currently suing boeing for 100 million dollars in lost wages because this aircraft has not gotten back in the air. on friday, president trump said that as part of the big great wonderful deal that he made with china, which may not turn outo be a deal at this point, that there would be between 16 and 20 billion dollars worth of bo

stripping chairman title of ceo giving it to lead director david calhoun, the panel saying the changeening at panel of aviation experts criticized boeing and faa for mistakes surrounding the 737 max, boeing's quarterly earnings due out next week, testifies at the end of the month, fortnite has gone dark going out with a bang and shutting it down, players seeing this massive light show along with rocket launches when they logged in, characters were then toward the center of a map and then the game turned into a swirling black hole and remains that way at its peak, the online game posted 250 million registered players, maria, it went away but i'm sure it's coming back, bigger and better. maria: that's what it looks like. [laughter] maria: all your kids play fortnite? >> yes. [laughter] >> football was on yesterday in. >> sure was. >> look, this is a monster game and whether this is some genius marketing trick or whatever they're doing, it's a big risk, huge gamble, literally shut down the game, twitter feed, instagram account, everything is dark, nobody knows how long it's going to last

david calhoun is the chairman and by the way i think bill george and i agree it's not a panacea separation on the regulatory issues saw it well done at citigrou and raytheon they deal with regulatory issues and the ceo to run the company and been pretty effective. >> the other company that is continuing to be under pressure right now with the own issues is johnson & johnson. you have the tiny trace amounts of asbestos in baby powder one sample i realize but after years of coming out citing studies and saying asbestos is not in the baby powder, how do they need to respond what's the brand impact? that seems like the longer term issue here >> j&j is hit by a whole series of plaintiff attorney suits and no causeality demonstrated and an embarrassing moment and any trace indications of asbestos cause a great concern, one lot, 33,000 bottles have been recalled but they have to make absolutely certain that their production process is 100% pure. i don't think that indicates everything else in baby powder is unsafe but it's a different situation. they have just made a major set lment in the opioid

david calhoun is a busy man. he is on the board of caterpillar and still employed at blackstone. the timeline back forgetting the 737 max back in the air. switching up the ceo role came focus on getting the plane back in the air. they are saying that will not happen. brooke: there are a lot of questions. you still have looming in the background dennis muilenburg testimony to congress and making it look like they are not kowtowing to any pressure from lawmakers. potentially increased scrutiny from the faa, the report that came out of the review of the faa's process, showing they did properly evaluate the plane and boeing put undue pressure on its own employees. romaine: is it more because of how he has been communicating with regulators and pilots and the airlines? brooke: at this point it is a regulatory issue. to have these workhorse planes fall out of the sky and the way they did, the regulators want to make sure they get this right before they put it back in the sky. your point, there is a separate issue about how you convince the flying public to get on these planes. that is

incredible bench strength there are people who know safety, who know the aviation business, having david calhounbetween us, i wish calhoun was going with him to washington next week. person you just had on, who was coming off, very reasonable, patrick mchenry, you were worshipping as a wonderful balanced legislator. tim sloan, no daylight between what that kindly seeming patrick mchenry did to tim sloan at wells fargo, genuine hero, fi h fixing problems that he inherit and what elizabeth warren did to him in the senate. there are problems on other fronts at boeing the company has been great about disclosing them. the board has been a great job centralizing a focus on safety, that maybe should have done it even earlier, but unifying it -- the country -- company wide and having that report in a central engineering fund a great move. >> just to disagree on one set, you said they have been great about disclosing things. the company would tell you they thought the most latest -- the latest disclosure which came friday they said was unfortunate in terms of how it was done and how it was brought to the

. >> ralph, they did strip the chairman job away from dennis muilenburg it's david calhoun >> that'sgovernance to realize that the ceo has to be chairman of the board. the board has not changed either the board, either they didn't care to know over the last two, three years when all of this trouble was being exposed with the mcas or they were complicit, either way i hope there will be more light on it. >> the faa, you didn't touch on that we're finding out that there was a lot of -- i mean, they work closely with boeing obviously. the paths seem like what you would want but not if it's too incestuous >> that's right. >> i'm sure you're not too pleased with that. >> the new head of the faa is steven dixon he's been there about two, three months i think he's going to have to get his own team i think to have mr. atwell, the acting administrator, and mr. elbaharimi the acting safety chief there is baggage he does not want would seem to me. he would want his own team look forward to some personnel changes at the faa it's about time congress funds the faa. it's not entirely the faa's fault

on friday that dennis muilenburg has been stripped of his chairmanship, blackstone board member david calhounrmer head of g.e.'s aircraft engine business. we have basically boeing losing about $30 billion in market cap since these crashes. we see muilenburg set to testify the end of this month in d.c. charles: i'm one that will criticize a board but i think in this case, the board did probably the right thing. keith, before you go, want to bring you back in. you've got three big names to watch. in fact, you are calling them the big as, apple, alphabet and alibaba. tell us. >> all right. so i'm looking obviously at china and looking at big data and looking at things that are not in the regulators' crosshairs. i think all three of those companies are key buys if you can get the market to cooperate a little bit here. very excited about all three, even in the face of everything that's going on. charles: you own any of them? >> yes, as a matter of fact. family owns all of them, personally do not. and company recommends but does not own. charles: you're the best. thank you very much. >>> peloton, t