and he said david calhoun is the right man for the job. they said we're going to entertain competitive offers and obviously you have to do what's best for the shareholders and customers. but i think the airlines don't have a lot of choice but i think boeing has done everything they can do since the crisis turned into a change of c suite, not necessarily from the outset of the crisis to begin to recertifies the sentiment against them. >> we're leaving this here and turn now to the latest developments on the deadly coronavirus. 39 cases confirmed worldwide including two here in the u.s. 26 deaths are being blamed on the outbreak companies across the globe are scrambling to contain the fallout from the virus lets get to meg tyrrell, back at headquarters with more on what we know at this hour meg this kins to change. what's the latest? >> rapidly courtney. the virus continues across the globe with the first two cases in europe confirmed this afternoon. and france and the second case in the united states also confirmed by the cdc today. a chica

that's what boeing ceo david calhoun told phil lebeau this on a day when boeing reports first annual loss in more than 20 years phil with an outstanding 15-minute interview with mr. calhoun. we'll bring you the story ahead. >>> you can also watch or listen to us live on the go check it out how's the it department liking the now platform? every time it takes care of something for us, we celebrate. how often does that... got it. servicenow -the smarter way to workflow. >>> welcome back to the exchange here's some of the individual movers that the hour shares of l-brands up nearly 13% following the reports of the ceo in talks to step aside and could result in a full or partial sale of the victoria's secret brands. ge up nearly 10% after beating on the top and bottom lines. results boosted by the aviation business the ceo saying he sees 2020 as a year of transformation investors certainly hope so. shares amd down nearly 7%. that on a disappointing quarter. slowing ahead of the new systems launch and a best performing stock in the market over a couple of months let's step outside the worl

what was the question that you asked david calhoun?that's why i was delayed in getting here i said, what was the trigger for the decision to put off plans for this plane or expectations of this plane being approved for flight again by regulators until the middle of this year? he said, basically, it came down to the decision that they made on requiring simulator training for pilots the rules still being written, how much training is required and remains to be said and he said once we made that decision it was clear that we needed to set perhaps a more realistic time line and he was talking a few minutes ago about what the company is doing and their expectations. >> i believe that it gives -- puts the right amount of pressure and but at the same time enough time in for discourse with our regulator at every level. so that we can get to the answer sooner rather than later. >> that's dave calhoun talking about the schedule and i asked him about production and when it will start up again. we have a plant out there completely shut down i thin

david calhoun has a very daunting task. in front of him and what should he be focusing on in the early months of his new tenure? >> he does have a daunting task. he has to establish a clean break from his pretty sdecessor he was very supportive of dennis muilenburg when calhoun was chairman he doesn't want to alienate anybody by throwing muilenburg under the plane, so to speak he also has multiple constituencies to address, everything from u.s. and global regulators he has angry air carriers, confused, general flying public, morale issues in this cache of emails that has just been released he's so well skilled for this. having led massive scale, i don't know, 65,000 people or more in the aviation infrastructure space at ge he's been a very successful ceo before at nielsen. as very active executive at caterpillar, he helped them reposition strategies, particularly for china i think he's all dressed up and ready to go for the jo be. >> let's talk about what kind of challenges he will face. you mentioned a couple of them there

remember on friday when boeing announced the pay package for david calhoun? in there is a $7 million bonus if he can safely guide the 737 max back to a return to service. well, just within the last few minutes we have had hear from senators saying cancel that bonus. they demanding they cancel that bonus. here's calhoun's priorities. it is the max return, with or without the bonus, rebuilding trust and focus on values. david calhoun will be out in renting at the 737 max plant guys, it would be interesting to see what he has to say from demand from the u.s. senators, who are saying you should not be get a $7 million for getting a bonus getting this plane back into service. >> there's been a lot of discussion about whether somebody who of course was on the board throughout all of the issues, is the right person to lead them forward. i feel like it's a bit of deja vu, baas tim slop sloan had been during the unfolding,but they needed someone internal, who also knew where the bodies were buried, as it were. >> correct. >> that was a bad line, i didn't mean to use t

david calhoun officially takes the reins of boeing today as c.e.o. and he's already got plenty on his plate most importantly returning the grounded $737.00 max to service us a treasury secretary stephen newton said the ongoing crisis that followed 2 crashes of the best selling planes may knock off half a percentage point of us g.d.p. growth this year going suspended production of the $737.00 next earlier this month . just days ago one of boeing's biggest suppliers fuselage maker spirit aero systems announced it would cut 2800 employees due to the production stop it's unlikely to be alone boeing count some 600 suppliers for the program. its supply network is a big part of its significance to the u.s. economy the company reported in 2016 that it spent $45000000000.00 annually on suppliers for all programs generating an estimated 1300000 jobs in the u.s. . boeing is america's largest manufacturing exporter that means production changes often carry over to the u.s. trade balance and to growth itself treasury secretary steve has estimated the $737.00 max

david calhoun officially takes the reins of boeing today as c.e.o. and he's already got plenty on his plate most importantly returning the ground at $737.00 max to service and pacifying airlines which have lost revenues from the grounding boeing also wants to repair its relationship with u.s. regulators the federal aviation administration has distanced itself from the company and the recent release of internal boeing memos mocking regulators has added to the strain u.s. treasury secretary steve. nugent said the ongoing crisis surrounding boeing's signature jet may knock off half a percentage point of view is g.d.p. growth this year. for more on boeing and the u.s. economy let's bring in carson jet ski he's the chief economist at i n. g. germany welcome to the program carson how plausible is it that the world's biggest economy could be hampered this much by the troubles of just one corporation it is pretty plausible this way because boeing it is the largest company in the dow jones stock market index of boeing is a bit comparable to the automotive sec

onwill talk to david calhoun the big job ahead of him. this is bloomberg. ♪ ♪ york, i'mve from new vonnie quinn. guy: from london come i'm guy johnson. this is "bloomberg markets." big week for markets. we've got phase one and earnings. abigail doolittle come over to you -- epochal doolittle, over to you -- abigail doolittle, over to you. abigail: take a look at the moves we have so far. investors want to see that china deal. 0.25%, the german dax down about 0.4%. we had strength in the asian session. the shanghai composite up 0.75%. sometimes that moves through to the european and u.s. markets. that is not happening. we could see a more bullish tone come about. the 10 year yield up three points. we had another selloff continuing, and that is oil. brent crude since the tensions with iran bubbled up, we initially see a bullish reaction , at one point above $70 a barrel. after those have diminished, plus week supply data in the u.s., crude oil down overall 3% since tensions began. turning to some of the automakers in the u.k. and europe, st

maria bartiromo asked the new ceo david calhoun if the max 737 was really out of the woods. >> i understands a long lead time, quite a significant testing process here, by the faa, sort of wear alone, you -- software alone, you have retrofitting. pilot to go through simulation training, you do think that all of that is the schedule to have it back in the air by june? >> we do. >> that is a confident yes for a string of problems. >> there are many on the list, for sure, and i guess, i love david calhoun's moxie, you have to be confident going into that. seeing what happened to boeing stock, trying to reassert shareholders, there was a small caveat with that interview, revealing on they need to get it recertified by june, if it getting recertified by end of gianjuneand back in air that is important for the stock. the bad news is in the stock, i am an investment visor, clients are looking to take a bite out of this stock, you look to add or get in, bad news will knock it down but we know a lot of it already in the name. >> i think investors hungry for this do recover, this is a great american

phil lebeau with boeing's future >> one reason the boeing board selected david calhoun to become the new ceo is because he can hit the ground running he's been there. he knows what's good, bad, what works, what doesn't so his busy january includes immediately calling regulators, suppliers, airlines he's already been doing that since the end of december when they said he would be the new ceo. he'll visit the 737 plant in washington next week he wants to streamline the max processes. doesn't mean they're going to throw on the work that's been done, but it's a primary focus in fact he said to the employees in an e-mail today, look my primary focus right now, getting the max back in the air. they're going to be winding down production at the plant b probably in the next week or so. the last of the planes that were going through process when they said they were shutting down production, it's almost through. when you look at calhoun's resume, remember he's steeped in working with conglomerates, he wants to make decisions quickly and that's what you can expect from calhoun as ceo of boeing.

david calhoun said the assembly will start in a few months.lhoun believes passengers will fly on the max when federal regulators say it's safe. the faa grounded the max late last year after two deadly crashes overseas. >>> new vacation rental platform has launched that caters to women. it's called go lightly. renters must be women. rental platform is invite only if women want to join who have not been referred. men are only allowed if they accompany a woman. go lightly has hundreds of home rentals with the majority located in the u.s. and europe. >> plant serious mourning the loss of its long time iconic mascot mr. peanut. the company announced the passing of mr. peanut on twitter yesterday. mr. peanut was 104 years old. the company released a 30 second preview of its super bowl ad. it shows actors riding with mr. peanut in the peanut mobile. >> i have a prediction. he isreincarnated as a roast ed peanut. so i think he'll walk out with a nice tan. >> i was thinking is he going be peanut brit signal >> another good one. those ads work. we're ta

he was on squawk box today heard some comments from david calhoun and said maybe we vrnt as excited add mr. calhoun believes >> he said the pilots have experienced this aircraft and do they like it they do, but we're going to reserve that comment we like what we're seeing so far, but i think his exuberance over that is premature >> remember, you have american, united and southwest not showing you southwest right now, that are waiting for the max to come back hoping that it's by the middle of this year also delta really you see a number of airlines under pressure for a variety of reasons including the coronavirus and speaking of southwest, as we look at shares, there's a government report. the inspector general looking at the safety practices of southwest airlines "wall street journal" out with a report, an initial look at that investor, the inspector general report it blasts southwest safety record we reached out to southwest airlines it denies it is relaxing its safety tstandards, but this stor is going to get more attention when that report comes out so lots of airline news, guys >> p

david calhoun, it was a good outing today. of back to you. deirdre: gerri, thank you very much a skyrocketing stock in tesla. elon musk's company worth more than $100 billion in market cap. more than gm and ford combined. jonathan hoenig, with us now. so, jonathan, is it a buy at these levels? >> it is pair roll big, deirdre, you have to cautious of any stock. the story about tesla is pretty amazing. this is a growth stock in a growth market. why the stock more than doubled since october. you mentioned its size. it is quite stunning. tesla is bigger by market cap any other car company except for toyota. toyota has been around over 83 years. tesla is being valued now like a technology company and that is why it has only gone up. we're in a tech market and this is a tech driven stock. deirdre: the october move you alluded to was related to the surprise profitability which most people didn't think tesla would pull off but it did but also a very, very volatile stock. let me ask you about something, jonathan, a little less volatile which is apple.

alix: we have in a press release, david calhoun wrote, "we recognize we have a lot of work to do.turning the 737 max to to service." it is nice to say. it is a little harder to do. how much of this has to be a transformation of culture, which is very different than just dealing with a production fix? george: with think a large part of it has to be culture. it seems like at boeing, there has been a fix on numbers and not so much on maybe some of the engineering reality. that is going to be very hard, but i think some of the big things that calhoun has to do is get with the faa and work very closely with them and change the culture. alix: george, sex a lot for helping us break down those numbers. george ferguson of bloomberg intelligence. get to more earnings. revenuesued a wider range than usual due to uncertainty from the coronavirus outbreak. between $63o be billion and $72 billion. the wider range represent uncertainty related to the recently unfolding public health situation in china. alix: going me now from boston, analyst.mas, idc u.s. product perspective, what was your bigge

david calhoun, a very easy company to run. he just took over boeing. where's david? >> reporter: in a letter to president trump, chinese leader xi jinping who was not in attendance called the deal good for china, the u.s. and the world. president trump says he's confident that china will live up to its end of the truce and he plans to travel to beijing in the near future to negotiate the next phase. phase one of the deal leaves in place tariffs on about $360 billion in chinese imports. >> i'm leaving them on because otherwise we have no cords to negotiate with. >> reporter: myron brilliant the executive vice president of u.s. chamber of commerce said the deal is still a step in the right direction. >> if f we remove and eliminate tariffs on all outstanding products the benefits will flow to american consumers. >> reporter: beijing has agreed to stop the theft of intellectual property and refrain from manipulating its currency. >>> there are new details about that tense conversation between senators bernie sanders and elizabeth warren after the democratic debate on tu

david calhoun has taken er as billing's chief executive with-- boeing's chief executive with a message to staff of the company needs to focus on integrity. replaces dennis muilenburg. the plane has been grounded in march of last year following two fatal ashes. you are watching "bbc world news america." still to come on tonight's progra-- you introduce me a joker? can laura: "joker" leads thek p for oscar gold, but once again there is drama on screen asrs female directore passed over-- off screen as farale directorpassed over for the nominations. officials in the philippines are warning that a hazardous eruption of toxi gas may be imminent from the country's volcano which has beenco spewing mns of ash into the sky. more than 8000 people have been evacuated from the area surrounding the volcano, around 70 kilometers south of the capital, manila. one province has declared a state of calamity. howard johnson reports. howard: organic lightning, a-- all caps lightning -- volcanic lightning, a spectacular event. the warning means a has a srtion could occur within hours or days. today, thickla

. >> boeing is betting on chairman david calhoun to get them out of its ongoing crisis. at 63 he is a veteran having spent ten years on the board and over 20 years at american engineering conglom rat general electric. viewed by many as a safe pair of hands. announcing his appointment in december boeing said that a change in leadership was necessary to restore confifiden in the company. calhoun has got his work cut out for him. he will have to get the beleaguered 737 max back in the air, and detoxify the brand. after two air disasters left 346 people dead investigators in both crashes pointed the finger at boeing peckism. they ation company said did not training. it now said they do. boeing handed over hundreds of e-mail to the f.a.a., the u.s. air regulater including messages that cast an unflattering light with two employees saying eight months before the first crash that they would not put their families on a 737 max plane. boeing is the largest exporter in the u.s. it has a staggering 137,000 employees across all 50 states. many more plires and airlines have close tie

david calhoun taking over as ceo.happens today as he told us exclusively last december, getting the 737 max back in the air is his top priority >> this control system will be fixed and it will be safe and it will have been tested like no other control system in -- at least in my history in the aviation industry. and this airplane will fly and it will be safe. and i'll fly it and my family will fly it and there's -- the only way to win a brand back is not to advertise it or talk about it, but to win it with every next flight. >> phil lebeau joins us this morning. he has a lot more on boeing's next chapter let's hope it's a new chapter, phil. >> well, yeah, i think everybody at boeing hopes it's a new chapter and certainly the end of the bad news we've seen over the last couple of weeks, andrew david calhoun out with a new email to employees this morning. in this email he says, look, the time to act is now and the time to perform better starts right now. he says, this is a crucial time for boeing we have to work to upho

david calhoun said the assembly line will restart in a few months prior to regulatory approval in june. it was grounded last year after two dudley crashes overse. aiersl productionnt according to limburg report. the tech giant is seeking to broaden its reach and the global market with a device that could be unveiled as early as march. it would be the first lower cost model since the iphone se. that first went on sale in 2016 for just under $400. >>> a new vacation rental platform has launched that caters only to women. it is called golightly. all managers are women and renters must be women. the rental platform is invite only. if women want to join who have not been referred, they can apply online. men are allowed only if they accompany a woman on the trip. that is your cbs money watch report. for more go to cbsmoneywatch.com . >> we may have to hit that up. >> road trip. >> darren is here. nice to see you. >>> nice to be seen. nice to see you guys today. the mornings have worked out kind of nice lately. whatever yesterday felt like to you, that is what today will feel like. temperatur

boeing board chairman david calhoun will take over as ceo toda grounded worldwide after two crashes of treasury secretary steve mnuchkin said boeing as problems could slow u.s. growth by half in 2020. the movie "1917" has dethroned "star wars" at the box office. >> i have a brother at the 2nd battalion. >> yes, sir. they are walking into a trap. >> reporter: it brought in an estimated $36.5 million in north america in its first weekend of wide release. "star wars" didn't fall too far. the disney film earned $15.1 million coming in second. "jumanji" rounds out the top three bringing in $14 million. general motors could be bringing back the hummer brands. according to the "wall street journal," the automaker is building an all electric pickup dubbed the hummer. >>> yes there's demand. i'm surprised but apparently there is. thank you so much. >>> you got it. >> still to come one of the biggest playoff come backs ever. we'll show you how the kansas city chiefs pulled off a record setting rally against the houston texans. with chantix you can keep smoking at first and ease into quitting. ch

david calhoun, who took over as chief executive on monday, says his priority is the max's safe return to the air. son of media tycoon rupert has accused the family business of denying, change. james murdoch says that a t link australian bushfire crisis is being ignored. rupert murdoch owns 3 major newspapers which have accused politicians of being alarmist over climate change. 9 people have been killed and 16 injured after a sinkhole swallowed a bus in a northwest china, triggering an explosion. several the sinkhole, as it spread, eventually covering an area of 10 meters. sinkholes are comm in china. they are often blamed on construction and the country's rapid pace of econom development.european nations han on notice over its breaches of the 2016 nuclear agreement. th deal was a bus to stop iran from being able to build a nuclear bomb. tean has been lifting limits on imaged uranium production in response to u.s. sanctions and rising tensions with america. y iranian officials ey are justified in what they are doing. hefrance, germany, and.k. disagree. an official dispute mechanism to

david calhoun. he has a very easy company to run. he just took over boeing where is david stand up, david. not his fault. he just got there. you'll straighten it out quickly, please? i have no doubt. it's a great company les daniels. dan damico, we've been fighting for years, i want to say 30 but 25, 30 years took a little change at the top, didn't it? you've been a warrior for g getting really taken advantage of as a country and you've been a warrior, i appreciate it dan and i, it was a fight of two people against the world tom don hue, u.s. chamber of commerce where is tom thank you, tom great job. brian duperalt of aig. you know that company, hank? have you ever heard of aig, hank greenberg? thank you very much. appreciate it, brian mary erdos, jp morgan chase. they just announced earnings and they were incredible where are you? they were very substantial will you say thank you, mr. president, at least? huh? i made a lot of bankers look very good, but you're doing a great job. say hello to jamie i think we're seeing him tomorrow na

what to expect from boeing's new chief executive, david calhoun, who takes over today and the futuref the 737 max. >>> then there were four, alphabet nearing the trillion-dollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. all three major indices are in the green since the beginning of the year led by the nasdaq's 2% gain as we were saying on "squawk" a few moments ago, jim, if lulu yes, ma'am of lemon is a clue to the earnings season, maybe this rally has been justified >> we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. they're used to be able to say better than expected, better than expected and a lot of companies saying the old estimates we have to throw them away things are really, really cooking. sop it does happen to the upward momentum i'm seeing a lot of it here. >> all right, we're going to watch health care, of course, a big part of it, but banks are the other big part and already the street co

expecting renew, earnings per share of 1.47, this would be the company's first earnings report since david calhoun office, the ceo, i'll be speaking with calhoun this morning at 8:30 a.m. eastern live, do join us for that, joining the conversation this morning, wall street journal wealth management report and host of the podcast secrets of wealthy women, verÓnica and fox business dagen mcdowell and moody economist john lansky. >> good to be here. maria: we want to talk about what is going on boeing, mcdonalds, earnings, what are your expectations for fourth quarter so far? >> you look at boeing they have the special factor 737 max that will weigh on earnings, weigh on performance, the other companies interesting to watch, they'll do okay, my sense still is that the balance is quite modest, i believe s&p 500 revenues in the fourth quarter my be rising by something between 2 and a half, 3% year over year, that's sort of like in line with overall retail sales growth, nothing to become excited about and the hope is that we have an improved -- maria: broadly speaking, are you expecting good 2020 in ter

and boeing's new chief executive officer david calhoun has officially taken the helm of the embattled aerospace giant calhoun who served as a member of the company's board of directors for many years was put in place following.

jackson a droste that was is a little school of thievery over at their general electric in fact david calhoun the new c.e.o. of boeing was trained under jack welch so here we're going to look at a headline from wall street dot com after blowing 43000000000 dollars on share buybacks and 6 years boeing scrambles to borrow 10000000000 on top of the $9500000000.00 credit line in october to fund its 737 max fiasco the 1st thing to know about boeing's mad scramble to line up $10000000000.00 or more a new funding by a loan from a consortium of banks on top of the 9500000000 credit line it obtained in october last year efforts to somehow get through its cash flow nightmare caused by the 737 max fiasco is that the company blew wasted and incinerated $43400000000.00 to buy back its own shares since june of 2013 having become a master of financial engineer. ring instead of aircraft engineer ng so the jack welch acolytes who were brought in to boeing since 2011 which was when they were alerted to let me explain this to me that proffer 2nd uses ok so boeing boeing becomes a passer mechanism right so they

incoming chief executive david calhoun is expected to take over on january thirteenth.fter dennis muhlenberg ousted at the end of last year. well monday has marked the thirty third consecutive day of strikes in france. as unions stand firm against the government's efforts to reform the retirement system. walk out to been a headache for commuters in paris but they're also affecting cargo and delivery services across the country. i'm gainsford has the story. these contain is ongoing anyway for now this stone que well the train start continues meaning the goods inside kombi delivered. the owner of this train arrived on sunday morning and was supposed to leave on monday it's in the best case scenario it will be at least a day like i said enough well. we now have three hundred and eighty contain is on the platform when usually that would be two hundred. don't clearly half of them awaiting to leave that up the drive is of the freight trains on striking the has a use the sncf national rail network this still disrupted by the movement gave one train signal goes on strike. and e

and boeing's new chief executive officer david calhoun has officially taken the helm of the embattled aerospace giant calhoun who served as a member of the company's board of directors for many years was put in place following the firing of former c.e.o. did a small and berger in december troubles related to 2 fatal crashes of $737.00 max jets which led to the ouster of mullen berger have cut have cut more than $50000000000.00 off the company's market value and now on that news u.s. treasury secretary steven the newton thinks that the loss in value could affect the overall u.s. g.d.p. by up to 50 basis points telling fox news sunday for this year we've been looking at 2.5 to 3 percent as i said it may be closer to 2.5 because of the adjustments of the boeing numbers and joining us now to take a deeper look into the state of u.s. china trade relations china trade relationship and boeing's effect on the economy are peter schiff c.e.o. of euro pacific capital and todd bubble or was chief strategist at bubba trading now i want to start with you with the situation regarding boeing what do

david? mr. calhoun: right here. pres. trump: stand up, david. see, he didn't want to stand. me tell you, it's not your fault. you just got there. you'll straighten it out quickly, please. mr. calhoun: we will. pres. trump: ok. i have no doubt. it's a great company. les daniels, ustr, actpn. ok? dan dimicco. we've been fighting the steel things for 20 years together, dan. i'd like to say 30, but i don't want to do that. right? we've been fighting together for a lot longer than 20 years on the -- mr. dimicco: we're winning. pres. trump: and now we're winning. finally. it took 25, 30 years. it took a little change at the top, didn't it? but you've been a warrior for -- for getting really taken advantage of as a country. and you've been a warrior, and i appreciate it. right from the beginning, dan and i -- we -- it was a fight of two people against the world. tom donohue, u.s. chamber of commerce. and that's -- where's tom? thank you, tom. great job. brian duperreault, of aig. do you know that company, hank? aig. did you ever hear of aig, hank greenberg? thank you very much. i ap

." >>> coming up, new boeing ceo david calhoun will join "squawk box" at 8:00 a.m.ime >>> still on deck, investors are preparing for the latest federal reserve decision we'll break down the moves they may have you can always watch ulis ve or on the go on the cnbc app. back in a moment with more than 85 years of experience over multiple market cycles. with portfolio managers who are encouraged to do what's right over what's popular. focused on helping me achieve my investors' unique goals. can i find an investment firm that gets long term the way i do? with capital group, i can. talk to your advisor or consultant for investment risks and information. looking to get your business off to a fast start in the new year? hi i'm joan lunden. it's go time! switch to comcast business and get fast internet on the nation's largest gig-speed network. plus, complete reliability with 4g lte backup. and, cloud-based security to help protect the devices on your network. greenlight your business in 2020 with fast internet and voice for $64.90 per month. switch now and get a $100 prep

. >>> david calhoun may have the hardest job in corporate america. he has to fix boeing. calhoun steps into the ceo job today, and he has got a lot of work. his first task getting the 737 max back in the air. the planes grounded since march since two crashes killed 346 people. he also must rebuild boeing's reputation for safety and quality. steve mnuchin warned the 737 crisis could have a bigger impact. >> there's no question that the boeing -- the boeing situation is going to slow down the gdp numbers. boeing is one of the largest exporters. and with the 737 max, i think that could impact gdp as much as 50 basis points this year. >> all right, boeing had continued to build the max for the last year even without being able to deliver it. it's preparing to temporary halt production of the model in the middle of this month. boeing's biggest supplier spirit air systems announced friday it's laying off 2,800 workers because of production suspension. boeing hasn't said how long that halt will last. by the time it's all said and done there are folks who watch this who say you c

kelly, you know, i'm curious, have you had a conversation with or heard from david calhoun since he tookr as ceo if so, can you share at all what that conversation was like >> well, i know david well david is a friend. i've known him since his ge days 20 years ago and have kept up with him over the years and consider him an outstanding business leader. just a top-notch executive so absolutely we've had conversations. i had conversations with him when he was lead director at boeing and then of course when he was chair i would never want to share those conversations because, you know, they were private conversations. but, you know, certainly the things you hear from him publicly i agree with. i believe in him i believe in boeing. i've said that before. and they're an important company for our country. they'll get these things addressed. they made a lot of mistakes, they have got things they need to fix, but i think he's the right man at the right time. >> gary, last time you were with us, we talked about the prospect of maybe the board considering becoming a customer of a manufacturer othe

aerospace industry now david calhoun, day two of his job would have to deal with so much more thank yout >> earnings season kicks off we are expecting results from citigroup, wells fargo and jp morgan chase bank of america and more financials as a group have been on a tear up about 8.5% since august alone the stand out sector up in that time frame jp morgan chase around record highs. joining me on the phone gerard cassidy. can these big banks report results that would help power the recent leg of their rally? >> thank you i think they can what will be interesting is the big universal banks which you've described reporting today have a very diverse revenue stream. what we have seen from the federal reserve lending data is that consumer lending has really accelerated over the last six months i think all three of these press on wells fargo because of the issues they are having as you know, jp morgan chase, citigroup should see the results driven by the lending business, which are now stock prices >> the consumer stock prices are going to be key here, how much are you looking at the economi

. >>> david calhoun is taking over boeing after dennis muilenburg resigned. boeing said the change in leadership is necessary to restore confidence in the company. boeing is trying to repair its reputation with regulators, stake holders and the public after the grounding of it's 737 max aircraft last year. the model was involved in two deadly crashes. >>> in today's day first look, a new warning about the flu. >> a 4-year-old girl in iowa nearly died from the virus and is now blind. >> losing sight from the flu. >> she was, you know, just a normal bug, the flu for a couple days. all of a sudden, five days later she was unresponsive and she was sick. >> amanda phillips says her 4-year-old daughter jade who got a flu shot in march was placed on a ventilator after she was diagnosed with influenza b. >> i didn't think i would see her again. >> she was later diagnosed with a rare disease preceded by a viral infection and that affected her ability to see. jade's mom said she lost her vision and she's not sure she will get it back. coming up, we'll hear from the doc

david calhoun is taking the helm on monday.e effects, one of its biggest suppliers, 50% of its revenue from the max, is cutting 2800 jobs with the production halt. you are seeing boeing investors and spirit investors, and this is trickling down to the economy overall. david: we will have to wait for job stay 30 days from now. thank you so much. oning up, new u.s. sanctions iran. scrambling to save the nuclear deal. fromrn to expert vali nasr johns hopkins school for international studies. next on bloomberg television and bloomberg radio. ♪ david: this is "balance of power." iran has been at the top of the news every day for the last eight days. today is no exception with european foreign ministers trying to salvage the nuclear deal and the announcement of new u.s. sanctions against the islamic republic by steven mnuchin earlier today. >> we are announcing additional sanctions against the iranian regime as a result of the attack on u.s. and allied troops. david: to give us perspective on all this we welcome now vali nasr. he is

. >>> today is the first day on the job for david calhoun.ver for former ceo denn dennis muilenburg at boeing.ng.. boeing said the change in leadership is necessary to restore confidence in the company. boeing is trying to repair its reputation with regulators, stake holders and the public after the grounding of it's 737 max aircraft last year. the model was involved in two deadly crashes. >>> a new jersey mom says she got a gross delivery from amazon. she said she ordered two boxes of diapers from the amazon warehouse section. that's where the sites return items for sale at a discounted rate, but when she opened the diapers, she said half of the diapers appeared to be used. >> it was heavy, and i turned on the light and i noticed these diapers are neatly folded and soiled. >> amazon's website says it inspects and certifies all open box products before they resell them. the company says it is working with the family to resolve the issue. >> okay. >>> next at 6:30, a north day home targeted by arsonists not once but twice. >>> and the clock is

susan: i think that depends on the new guy, how well david calhoun does. you know, he has a tough job ahead of him. the new year starts at one of the world's largest plane makers, he steps in as ceo, ten years on boeing's board, also at general electric and caterpillar. known as a turn-around guy, good in crises but he has a lot to do. getting the 737 back into the skies, repairing the faa links and also fixing a company culture where supervisors are called monkeys and safety of planes are questioned internally. but you know, he's stepping in at a time where i think boeing is dealing with a big crisis on its hands. stuart: i bought some boeing with m so of tsome of the money liberated from microsoft. did i do the right thing? >> i think you did. investors will look out further. no one is taking market share from them. these are really two companies that are making these large planes and this -- boeing will get past this. they will be selling planes in the future. i think -- i'm surprised it hasn't sold off more but this 325, 330 range has been a winning tr

at boeing >> david calhoun, he's got a very easy company to run he just took over boeing where's david? david, where's david stand up, david. let me tell you, it's not your fault. you just got there you'll straighten it out quickly, please? okay, i have no doubt. it's a great company >> all right so, jim, the lesson here is at least if you're looking at big public businesses, they have a vested interest in making sure at least that this phase one agreement works. >> look, you can just go and look at the list of people i mean it's the credit card companies, it's the private equity companies, it's the natural gas companies, it's the tech companies, low end, typically g-rams and pure financials when i was listening to that conference, i was thinking raising numbers jpmorgan, raising numbers blackstone raising numbers carlisle it was really kind of a -- like being in a research department, except for there's a demand to be able to thank someone anyone who watched this was kind of like holy cow this is the private sector cashing in on an amazing deai me recommended list, for heaven ake anal

david calhoun, a very easy company. he just took over boeing. david?s stand up, david. it is not your fault. you just got there. strain it out quickly, please? i have no doubt. it is a great company. les daniels. been'amico -- we have fighting the steel things for 20 years together. i want to say 30 but i do not want to do that. we've been fighting together a lot longer than 20 years. now we are winning. it took 25 to 30 years to come up with changes at the top. we are getting really taken advantage of as a country and you have been a warrior. dan and i always felt like disco people against the world. john donahue, u.s. chamber of commerce. thank you tom, good job. aig -- hank greenberg, have you ever heard of aig? i appreciate it, brian. mary verio's, j.p. morgan chase. they just announced earnings and they are incredible. they were substantial, what'd you say thank you, mr. president? i made a lot of bankers look very good. you're doing a great job. say hello to jamie, i think we are seeing him tomorrow. nancy of ford. nancy, where are you? so young. that is very impr