max: hello. kathy: hi. max: hi, kathy. kathy: hi, max. kathy. max: i know who you are.: how are you? max: it's very nice to meet you. lemonis: over the years, kathy has built a multi-billion-dollar branding and products company. very few people know branding better than her. and what i was hoping happened more than anything is that max would listen to her, because she hasn't listened to me yet. max: i'm a bit of a fan girl. so i'm a bit -- [ laughs ] kathy: you've got a great product. now we've got to get people connected to it. max: yeah. lemonis: let's see some new packaging. max: okay, so, this is our current bathroom cleaner. and this is what it looks like. we came up with a new name called may home. it's easy to say. the second one, we went with m&h. no? okay. lemonis: last week, we talked about moving away from the name murchison-hume. but the first thing she brings out is a murchison-hume product. if she thought she was gonna find a receptive audience in kathy, sorry, i don't think that's gonna happen. max: i brought you a wild card, clean evolution. lemonis: whe

max: how are you? -lemonis: are you max? -max: i'm max.onis: what do you make here besides mustard? -max: barbecue sauces... -lemonis: okay. max: ...hot sauces. lemonis: when i walked in the building, i smelled the spices. max: yeah. lemonis: how much business will you do a year? max: 30,000 cases a month. lemonis: so you're bigger than your daughter's business. max: yeah, yeah. lemonis: do you worry that you're running out of space? max: it's a little crowded. lemonis: this is all you, too? these are all your bottles? max: yeah. lemonis: and so it's how much a month? sam: $2,000 a month. we pay the entire bill and all the utilities, and then max reimburses us what he feels is equitable. -max: it cut their cost. -sam: it raised our cost. -lemonis: it raised your cost. -sam: yes. lemonis: how did it raise it? sam: max hasn't been paying his share of the rents and utilities, and he's up to $10,000. max: no. lemonis: max is strangling this business from several different angles. he's taken over most of their space, which ultimately slows down

my family won't fly on a 737 max.operly or adequately. if i have to hear another talking point that "safety is our numberone priority", i get that. how about you change the system? boeing sold a plane with a fatal flaw — a computer system that could kill all the passengers. 00:28:33,186 --> 4294966103:13:29,430 and 346 people paid the price. of those on board. this is bbc news. welcome if you're watching here in the uk, on pbs in america or around the globe. i'm mike embley. our top stories: north korea fires two short—range ballistic missiles. the south korean military says they landed in the sea of japan. the democratic party's 2020 presidential hopefuls start a second round of debates on the road to the white house. the haunting image of a child clinging on for life in war—ravaged syria and her remarkable escape. we hear from her family. russia launches a criminal investigation into saturday's free election protests in moscow. anyone found guilty could face up to 15 years injail.

plains and a nalyst say grounding of its 737 max plains and analyst say it is far from maxed out.er earlier in march a whole host of asian countries from singapore to australia, they suspended these planes from flying into and out of the country ‘s. it is unclear how much asia contributed to this $5 billion charge of the grounding of the planes but given how many airlines in this region use that model, analysts say it could well have been significant. the crisis is heading others as well. when boeing announced quarters —— results in april it said it delivered 149 in the first quarter four to 184 one quarter last year. it we will see more pain when boeing releases its results later on. i believe you are right. it is certainly not the end. now let's brief you on some other business stories. ross mcewan, the outgoing ceo of britain's royal bank of scotland has been hired as the new ceo of national australia bank. this follows the abrupt departure of its leaders this year in thefallout of a misconduct inquiry. mr mcewen is widely credited with turning around rbs after it was rescued b

to crank o a 42 max planonth. down from 52 earlier this year. for now, it's not orders but production a deliveries driving sentiment on shares of boeing. as long as the company's 737 max production schedule remains unchanged, many analysts believe shares of boeing are move much lower. phil lebeau, "nightly business report," chicago >>> let's turn now to sheila, she's with the -- talk about boeing. the aerospace and defense analyst at jeffreys. thanks for joining us tonight. >> thanks for having . >> you don't think this whole mess with the 737 max grounding will have a lasting impact on boeing lon term, why? >> we don't think this is a long-term impact. clearly, fly a deal was a setback ultimately, it is. we point to four things. first, this is the first n cancelation,fact, and it was a commitment of an order. so it wasn't a firm order, in a fact it's only 1% of that 4,400 backlog. so longer term we don't think this is a big ill packeimpact. started operations in 2017 that needed aircraft immediately., the last po

southwest now says it won't fly the max before january o next year.resulted in a mixed finis for the stocks. phil lebeau is in ft. worth, texas, for us tonight. ♪ >> the 737 max headache for american and southwest airlines has turned into a problem that is changing how the criers will operate the rest of this year. >> it is not a good situation. we're not happy about it. you saw here in the second quarter it cost us $175 millione hat will more in the third quarter. >> with 34 max models grounded for at least a couple more months,outhwest says its capacity will drop in the second half of 2019. that makes the most of a smaller than expted fleet, southwest will stop flying out of newark and it will focus its new york operations on laguardia airport. as airlineeep extending how long it will be before they expect to fly the max, they ale with more questions than answers about the beleaguered plane's future. >> we remain in limbo as we wait to hear from the faa as to they come to the conclusion that the aircraft is ready to go back in s bvice again. ing wil

max was a cigarette and cigar distributor. this is his daughter who is being escorted to the synagogue in kippenhein just a week or two weeks before hitler came to power in january 1933. you can see it is a perfectly normal scene a peaceful procession through the seat, through the street. people are looking respectfully at this jewish wedding. there is even a german policeman who is keeping order in the village. just two years later, a photograph down below, the brownshirts have arrived in kippenhein. and holding demonstrations. in this case, with the kippenhein firm. this demonstration is outside the house of one of the jewish residents of kippenhein. there looking through the window. the jews living in the house next to where the demonstration was taking place are looking peacefully through the window and actually enjoying, enjoying the music before they understand and really grasp the lyrics to the music which in many cases was death to the jews. there was a famous song that the storm troopers used to seeing about jewish bl

some are more optimistic than all those you know but the result concerned the of the $737.00 max that does not start flying again by the end of this year then boeing will will hard its production as intuition we not only will have a significant consequences for the company but also for airlines like southwest or american among all those who which already canceled thousands and thousands of flights and let's not forget all the orders either as specially the most reason ones coming from a g.e. of a 200 airplanes that also will impact those companies which make parts for the 737 max some investors. from the troubles related to the small to the rest of the commercial business depends on services or quarter meanwhile climbed about so deep caution indicating that boring has ample dry powder right now to withstand these issues at least in the short term. speaking of results though boeing wasn't the only one to come out with their figures facebook's numbers are out as well any surprises. actually a good surprise is that you know revenue was up 28 percent in the 2nd quarter while facebook mana

max: i don't think so. what the fed has made clear his they are relatively independent from the data and they want to get the insurance cut in. howard economists are looking for two cuts this year but the big problem will be from the communications side. not really from the cutting side, but the actual action. i think the real challenge will be how to communicate with market that it is one cut and we will continue watching the data, but if we do that, we have to wait knowledge there may be some upside risk for the second half of the year not only for u.s. globe -- growth but global growth. in the statement, it says we are watching international developments, as well. if they acknowledge that, there may not be the basis for as much in the curve right now. correlatione done between risk assets and yields and in particular real yields. talk us through what you observed and how that might change after the fed meeting. max: that is the interesting bit because one of the big challenges since the start of the year

pilots insist they will only fly the max once they believe it is safe. norah. >> o'donnell: that's some big news today. kris van cleave, thank you. facebook agreed today to pay a $5 billion fine for violating users' privacy. it is the biggest fine the u.s. government has ever leveled against a tech company. the company also agreed to notify users if their photos are used as part of its facial recognition technology, and it won't give users' cell hone numbers to advertisers. facebook c.e.o. mark zuckerberg could face criminal charges for any future violations. tonight, a cbs news exclusive. residents of an american town are fighting for their lives. they live in louisiana's "cancer alley," where more than 100 petrochemical plants and refineries pollute the air. for tonight's "eye on america," janet shamlian got an exclusive look at a report on the danger in the air. >> reporter: this is reserve, louisiana, a town of 10,000 the environmental protection agency says has some of the most-toxic air in america. the e.p.a. says the cancer risk here is almost 50

is issue of the 737 max 8 not just about stakeholders in the aviation industry. this committee is a public body and therefore has a responsibility to hear from those most impact did which unfortunately includes at times of tragedy. are mr.'s first panel joroge and mr. michael who bothichael stumo lost members of their family in the boeing 737 max 8 aircraft crash. to our witnesses, i cannot imagine the immeasurable grief that you and your families are experiencing. on behalf of the entire committee, the member is here today and those that cannot join us come i want to extend our sincerest condolences to both you, your families during difficult time and we appreciate your willingness to testify in front of our committee, your testimony is a crucial reminder of the international role the u.s. aviation system operates within. these crashes occurred on u.s.-made, u.s.-assembled, u.s. regulated airplanes. the faa's action have implications to travel around the world. the majority of the victims 302 d lion air 610 were not americans and therefore it is only right to he

we question their safety why would anyone fly a southwest max if, say, an american max was grounded >, that's pure speculation. i don't want to speculate. there's no hint that that is going to happen. regardless, jim, we've got work to do to convince our people and our customers that it is wise for us to continue to operate the max. we know that, and we're up to the task all the research we do shows that southwest enjoys a very strong brand ranking and a very strong customer loyalty and following. there's a trust there. and i can assure you we're not going to do anything to lose that trust but nonetheless, yeah, we're going to have to have a lot of communication. our pilots will play a key role in articulating why why it is se to fly the max and i don't think safety is an issue here, but we're going to have to convince all of our customers of that and we'll be up a to that task as well. >> one last thing, gary, before we talked to you we mentioned muilenburg's comment yesterday raising the possibility of shutting down the line just your response to that >> well, i haven't talked to bo

it all comes down to when the faa and other regulators say the max is safe to take off.oftware fix for the plane is being tested in simulators, but ve it is app and airlines like southwest can resume max flights this year, then boeing will keep building 42 maxes a montn an p to ramp up production next year. >> if they are able tonc rel this plane and it is as they say the safest plane to ever fly once they bring it bk into service, then their reputation can be preserved. they are battling for their very existence, for their verre tation right now. >> reporter: meanwhile,ur treas secretary steven mnuchen weighed in on the max controversy and what the president thinks of the beleaguered plane. >> i think as you know the president h said he is concerned about the 737 max. qu he frankle thinks they should bring back the 757 and look at selling 757 rs. orter: boeing is not bringing back the 757. in fact, it stopped building that plane in 2004 and reviving it would cost billions of dollars. instead, the focus right now is on getting the max backn the air by the end of the year

the reason, concerns about the 737 max. and tha weighed on the stock price in today's session. phil lebeau has more. >> four months after the faa grounded the 737 max, credit firms are raising concerns about how long it will take to get th planes backe air. moody's and fitch both cut thein outlooks for b from stable o negative, citing issues surrounding the 737 max, including the possibility of delays in returning it to service. fitch says the 737 max situation of theduce much financial cushion boeing has at the current "a" raeting. boeing recent low reaffirmed its production schedule as well as its assumption the max will be flying again in the fourth quarter. what remains unclear is wanther testin approval of software, as well as pilot training for the max, will actually happen this fall. over the last four months, airlines like southwes repeatedly set dates they expected to resumelying the max, only to push them back as boeing ran into issues fing theplane. just last week boeing said issues with the 737 max will lower the company's q2ng ear by at least $5 billion. that impac

>> well, they've got a pile of orders, thousands of orders, not just for the max but primarily 737 max, for the next six or seven years. and boeing and airbus are really the only two places in the world right now where airliners -- excuse me, airlines can go to get their jets. so there's a big backlog and they've had to slow down production because they can't deliver the jets right now. they are piling up in and around their factories in the seattle area while they wait for the faa to give them the okay to fly them to their customers, and they need to also wait for regulators around the world to let the planes fly to the customers and also fly passengers around. there's just a lot of uncertainty now. the backlog hasn't really grown that much since the ethiopian crash in march because there haven't been many new orders except a few weeks ago in paris, boeing got a huge order for the max for 200 jets and a big vote of confidence from british airways operator. liz: i would think that was a huge thumbs up, which makes me wonder if the stock is $90 off its 52-week high, it is still yielding

pilots insist they will only fly the max once they believe it is safe.ah. >> o'donnell: that's some big news today. kris van cleave, thank you. facebook agreed today to pay a $5 billion fine for violating users' privacy. it is the biggest fine the u.s. government has ever leveled against a tech company. the company also agreed to notify users if their photos are used as part of its facial recognition technology, and it won't give users' cell phone numbers to advertisers. facebook c.e.o. mark zuckerberg could face criminal charges for any future violations. tonight, a cbs news exclusive. residents of an american town nre fighting for their lives. they live in louisiana's "cancer alley," where more than 100 retrochemical plants and refineries pollute the air. rr tonight's "eye on america," janet shamlian got an exclusive look at a report on the danger in the air. >> reporter: this is reserve, louisiana, a town of 10,000 the environmental protection agency says has some of the most-toxic air in america. the e.p.a. says the cancer risk here is almost 50 time

max isa the diagnosis four months ago.ame way without treatment but it will happen slower, we don't know how slowly, but slower than a classic kind of case. that a drug that you mentioned that you've been fighting to get funding for, what difference would it make, is it life prolonging, potentially life—saving? life prolonging, potentially life-saving? the key is to get on it really early, as soon as you are diagnosed. if you are a sibling because it is inherited, if your sibling as the disease they may need to get on the drug really quickly before they have any symptoms. so just to interrupt, you have felix as well. he's fine, luckily, we had to wait three months for that but he's 0k. lots of families have two or three children with the disease. so we can clearly see in the child, —— at the trials, many of them are stabilised, their condition, their siblings particularly, some of them are symptom—free whereas at the same age their older siblings are not in great shape. when you know the difference it can make and you're t

planes southwest airlines today cancelling max flights until next year. holidays here's tom costello. >> reporter: no airline in the world owns more boeing 737 max's, all of them grounded, forced to cancel 20,000 flights this year. southwest said it's cutting service to newark airport and doesn't expect to fly the max until january 5th at the earliest >> we're unhappy that it's taking so long we're in the dark on a number of technical matters. >> reporter: grounded since march 14th, no plane has been grounded so long southwest hoped to have 75 maxes in its fleet by year's end american 40, united 30 but if they can't fly it during the winter holidays, that could impact holiday travel. >> we're likely to see fewer seats av popular but frequently travelled during the holiday season. >> with new planes stacking up in seattle, boeing is warning it could cut production if faa recertification is delayed until the fall or winter >> this is a bad situation that keeps getting worse for boeing and for the airlines that fly the max. >> reporter: boeing tells nbc news

loss included a $5000000000.00 reserve to cover costs linked to the prolonged grounding of the 737 max that includes compensation boeing will have to pay to its airline customers for delayed deliveries many airlines such as ethiopian airlines are now turning to rival airbus. adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. the new long haul wide body plane because of problems with the general electric engine. the company is working frantically to update it 737 macsoftware to get the plane back in the air. however it admits it doesn't know when it will fly again investors are rattled. ratings agencies moody's and fitch have cut boeing's investment outlook to negative as a result of the crisis. over an hour to wall street where our markets correspondent who's selling we still haro is standing by hi ho solo east so picking up on those boeing results what sort of future are investors expecting especially given these developments for the 737 max. some are more optimistic than all those you know but the reason i concerned out of the $737.00 mag sai

fund for victims of two max 737 crashes. jooeks ...and brake too hard.dback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. are you in good hands? you eat right... mostly. you make time... when you can. but sometimes life gets in the way, and that stubborn fat just won't go away. coolsculpting takes you further. a non-surgical treatment that targets, freezes, and eliminates treated fat cells, for good. discuss coolsculpting with your doctor. some common side-effects include temporary numbness, discomfort, and swelling. don't imagine results, see them. coolsculpting, take yourself further. the no added hormones in land o' frost premium sliced meats have moms buying in. in bulk. boom! what a beefsteak. gotta love it. land o' frost premium. a slice above. >>> here's a look at today's forecast in some cities around the country. >>> at least one person was killed after a series of eruptions from one of the most active volcanos on earth. the volcano is on the italian island of stromboli

. >>> plus, a dive into the roots of boeing's 737 max crisis. >>> and beyond meats, what investors are watching and why it may be a make or break day for short sellers. that's it, that's exactly why i hate working with you. mr. arson here only knows how to blow sh... up. no offense, she hulk here only knows how to smash. [ screaming ] look at the two of you. the fate of the world is in your hands and you can't even get along. what do you think i'm stupid? of course i think you're stupid. woo! i got him. no i got him. no i got him. exchange, the fortnite world cup is in the books and the tournament champion walked away with $3 million in prize money, thousands of fans packed into the part thur stadium and millions more watched around the world. i'm joined by michael olson, and russ frustick, you were in the stands over the weekend. >> i was, i was. it was unlike any other sporting event in the world i think it's more about spectacle. there's all sorts of events happening in between the matches. sitting in the stands it might not be non-stop action in terms of the game itself but they ma

escapin, his lawyer confirmed he was flown by helicopter and then by plane to america's only super maxrison called adx in florence, colorado. he was sentenced to life plus 30 years on wednesday after being convicted on ten counts related to his drug trafficking operations. but tonight former dea agents and other analysts tell cnn they believe el chapo's associates may have already cased the super max facility to plot a possible escape, something he's done time and time again. >> you can find it on google earth now. there's no doubt that his cronies, his hardest men, have looked into all possible scenarios. would they be willing -- is he worth them launching a full-scale attack on the prison? >> the florence super max houses notorious terrorists like the boston marathon bomber and unabomber and no one has escaped. el chapo will be in a 7x12 foot cell 23 hours a day but this is an inmate who could test this air tight facility like no others. like mexico's prison in 2015, el chapo disappeared while walking through a shower stall. there was an escape hatch in the floor that led to an elabo

is situated of max so good to see you so we've heard now we have this confirmation of these nominees from e.u. leaders we've heard that there's a little bit of a revolt there among european parliament lawmakers that they're not so happy about some of these choices is that true what's happening there. well remember especially the well the proposal in this case for commission president was enough on the line has to be approved by the european parliament and the european parliament insisted that they would only approve someone who previously was a lead candidate during the campaign the german word for it that everybody uses now is bits and county da so this is not a spits and cut it out was a left on the line so things get complicated things get complicated in her own party the european people's party the conservative party in this case even though she is from the same party the e.p. p. had insisted no one else but the lead candidate their lead candidate was monthly who by the way has announced this evening that he no longer wants this mandate as a spitz and county does so maybe they ca

plane maker has to compensate airlines for disruptions and delivery delays and it's unclear when the max 8 will take to the skies again. stephen beardsley will have that story and more coming up next stay tuned for that i'm always have more news coming for you at the top of the hour as well thanks for watching. how about taking a few minutes you could even take a chance on. don't expect happy endings. earth home to millions of species. worth saving. google indias tell stories of creative people and innovative projects around the world like to use them protect the climate boost green energy solutions and reforestation. using interactive content to inspire people to take action google audience the environment series of google 3000 on t.w. and online. the global grounding of the $737.00 max drags on boeing now says it will shell out billions to compensate airlines so why is the plane maker stock going up. also on the show the island charms of mika knows come a happy price tourists are facing sticker shock on the famed greek isles. and a new kind of electric motorcycle is throttling up get r

if you look at delta -- >> no exposure to max. >> or limited exposure to the max, and then you get american airlines with exposure or united with some exposure but the stark difference in the year-to-date performance you cannot deny. >> delta airlines, quickly, i thought the quarter was great. they raised full year guidance, the stock at 8 1/2 times forward earnings, still cheap. $60 was the breakout level, i think now at an all-time high. if you want to buy an airline, you trade delta. >> microsoft jumping after a conference meet. the conference call is about to kick off in the next 90 minutes. plus new kids on the street reported earnings, chewy and crowd strike out with their first report after going public. we will bring you the latest there as the stocks are up live itin mes square in new york city, much more "fast money" right after this ♪ oothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trad

and fly for any substantial time. >> >> the 737 max service, the faa is following the process, not a prescribed timeline. we continue to -- software to the mcas and in addition we're developing necessary training requirements as we support various investigations and audits underway. >> the 737 max has been grounded for months after two deadly crashes linked to the plane's software. you heard a second ago from the faa ali beramy in the senate sub-committee hearing and he's in charge of safety at faa. he wasn't involved in the certification of the 737 max or the faulty mcas software but "the new york times" report he was one of the administrators at the faa pushing to allow boeing inspectors to certify the boeing safety system instead of having the faa inspectors do it. laura. >> thank you very much. >>> jury deliberation may begin in the ghost ship warehouse trier file. the defense wrapping up closing arguments yesterday. they accuse prosecutors of using the defendants as scapegoats for a party that brought dozen to the warehouse on the night of fire. they urged the jury not to let em

mr happened's verdict, ad max verstappen‘s verdict, we have to stay home. a few weeks for the british grand prix. maverick vinales won the dutch moto gp at assen on sunday for yamaha's first win of the year while honda's world champion marc marquez finished second to extend his championship lead to 44 points. french rookie fabio quartararo, who started on pole position for the second race in a row, finished third but it was spaniard vinales who got the win — while his compatriot marquez now has 160 points keeping him well ahead of italian andrea dovizioso, who finished fourth for ducati in the 8th of 19 races. at the diamond league meeting in stanford, california — reigning 0lympic and world champion caster semenya claimed victory over 800m. the south african, who's appealing an iaaf ruling in order to have her take medication to reduce testosterone levels, never looked under pressure winning by around 20m — in a meeting record of1 minute 55.70 seconds making it three wins in a row at this event. iam here i am here to entertain people and inspire the world,

ce reporter: four months s a 737 max crashed in ethiopia, killing everyone on board.ain remains feunbearable carol, his three children, ryan, kelly, and ruby, and his mother-in-law ann all died paul, a canadian, is now all alone. >> they ok my life away. because without my family i don't have a life. >> reporter: the ethiopian cmesh ca just months after another 737 max crashed in indonesia he blames boeing and the faa max should never fly again and boeing execs should face criminal charges, though that's unlikely >> for the sake of human life th safety, e 737 max should be scrapped >> reporter: meanwhile, the 737 max remains grounded worldwide boeing expects to submit a package of software fixes in septembebut under intense scrutiny faa approval could take time u.s. airlines that fly the max are taking it out of service until early november at the earliest but aviation experts believe it could take longer than that. >> it's going to go out to the end of the year at least in my viewecause the es of the world are looking at the ungrounding of this airplane and there's s

-- max. every possible measure must be taken to enter the aircraft is safe before it returns to the skies. it is critical that boeing and the faa get this right therder to restore confidence in both the aircraft and the certification oversight -- oversight process. failure to do so will jeopardize continued us leadership in the aviation sector and faa standing as the gold standard for safety . as the chairman indicated new york times investigative report released last week describes in their words a broken regulatory process that effectively nuded the oversight authority of the faa you can see the deference granite industry reflected plainly in a joint industry faa product certification guide published in 2017 which highlights quote how an applicant and the faa can begin a transition to a state where there's progressively less direct involvement in the faa engineer summit had little power even when they raise concerns. these allegations are grave and speak to a need of a culture change that r

>>> more bad news tonight about the boeing 737 max plane, how it could throw a wrench into your travel plans and drive up ticket costs especially for the holidays. another major city laying down the law on escooters as deaths aninjuries rise. are they too dangerous for the ro >>> and our journey to e he top of the road wherscorching heat is melting nature's wonders. >> announcer: this is "nbc nightly news" with lester holt. >> good evening we begin with breaking news, a killing spree that held los angeles in suspense for much of a day just ended with theture of a suspect. since this morning at oteast six people have been four of them killed. the shootings happening at three locations in l.a. san fernando valley including a city bus where the latest viim was shot. h olly hunter is in l.a. we latest. sp> reporter: tonight the suect is in custody after a deadly shooti shooting spree across los angeles. >> he's armed with a 9 mm auto. >> they're searching. >> reporter: dramatic video shows s.w.a.t in teams zeroing . overnight, police say zaragoza went to an apartment in the valley shooting

taylor: max, nadine mentioned that keyword, inventory.s we push forward to earnings season, a lot of this does come down to inventory on the balance sheet. what are you looking for as we hit tech earnings that are coming up through the bottom of this? max: the thing that is happening right now is you have a lot of big tech companies doing very well for the last few years. that is reflected in the jobs data you are talking about. the question is, a lot of these companies are really dependent on china. we don't yet know how that is going to shake out. that is going to play a huge factor for a company like apple. besides that, there is a sense, as nadine was saying, there's been a lot of profit, but we haven't seen new products coming out. how much further can apple, facebook, google go before sort of reality starts to catch up with them? nadine: max and i were just talking about it. there is a table that shows earning estimates. they are supposed to be down 11% for revenues this quarter and in the high 20's for not just the top line, but th

max: great to see you.ly: still ahead, the slightest genetic mutation can have devastating impacts on a person's health, but there are -- genetics counselors are hoping to catch those problems before they are too late. we will take at a preventative counselor, next. this is bloomberg. ♪ emily: the deadly software glitch aboard some boeing 737 planes is not the only thing to be concerned about. there is now word that cell phone can pose safety hazards. a new faa report says potentially hundreds of planes are flying around the world with cockpits that are vulnerable to interference from wi-fi. mobile phones, and even things like weather radar. the new report said passenger cell phones could pose a crash threat to some models of boeing's 737 and 777 models. honeywell, which makes the screens, says it is unaware of any issues. boeing says it has not seen any issues on aircraft. that is frightening. genetic counseling could be key to good health. several commercial labs already offer genome sequencing for sick p

max -- nadine: max and i were just talking about it. there is a table that shows earning estimates. they are supposed to be down 11% for revenues this quarter and in thehigh 20's for not just top line, but the bottom line. that does not bode well for earnings season. taylor: you can cut me off as long as you follow up with a promotion for the bloomberg terminal. i'll give you a pass on that one. follow up with me on a more serious note about china trade. we are not quite sure where the china trade negotiations are going. how much of china trade is now behind us, or do we think there more of a headwind going forward? nadine: statistics show that the market went up, the infotech sector went up, because of hopes on that china trade being negotiated. but it was pretty much a nothing burger a few weeks ago. it basically prolongs the time that people are looking for resolution. whether it is soundbites or news cycles, the chinese are playing in dynasties. they are thinking ahead, not 2030, building roads and infrastructure in other countries. we are a little misguided, hoping there is a t

max: it is hard to imagine splitting up facebook. the u.s.nd regulators around the world kind of had a crack at this when facebook bought instagram. it is a little strange to say we are going to turn back the clock and change things. i think it is more likely to be regulations around data usage and sort of fair access to data, that sort of thing, or just big, fat fines. the thing about both of those outcomes is neither of them necessarily hurts facebook that badly. it is such a dominant platform that if regulators are paying -- picking away at their business business at the margin it doesn't do much damage. caroline: what does a $5 billion fine get your when they bring in billions per quarter? david, your perspective on how facebook continues to evolve and take on regulatory scrutiny. are they starting to seeming to handle it in the right way? david: they have made enormous progress in the challenges they face. i was in aspen and heard zuckerberg give a speech that was more contrite than some. one in which he does acknowledge a lot of things

profits impress, but the company took a hit from boeing's max grounding. we'll talk about how southwest and american are dealing with this spiraling disaster. >>> and spiked seltzer is bubbling up. the trend that's taking over parties and refrigerators across the country is giving big stocks a lift we'll have more on that in "rapid fire. i've already learned a lot today, dom dom chu is here with the numbers. >> a little bit of spiking in the markets yesterday, giving some of those gains back today the dow industrials now hovering just above the worst levels of the day. down 200-plus points at one point down 185 at this stage. the s&p 500 staying right at that 3k mark right there and the nasdaq composite, the real pacer in terms of weakness off by a percent a lot of tech earnings factoring into that trade. large-cap technology oriented stocks they've been powering gains in large caps versus their smaller cap cousins. a long way over the course of the past year. we did see a bit of a bounce in small caps yesterday giving some of that back today and that gap

the max was grounded after two deadly crashes that killed a total of 346 people.r: i miss every f. a man testified before members of the house transportation committee. >> if boeing's context continues, another plane will dive to the ground killing me, you, or your children. >> reporter: toronto resident paul ngroge lost his wife, three children, and mother-in-law. investigators believe a faulty sensor triggered the system pushing the plane into a nosedive shortly after takeoff. michael stumo lost his daughter in the crash and says they need to work for the faa, not the plane manufacturer. >> for us, we wish the faa had gotten ahead of it. we now have 346 tombstones. >> reporter: house lawmakers also heard from officials and flight attendants on the 737 max. >> it's necessary to hear how we can find out how to make this better. >> reporter: the 737 max fleet was grounded in march after the crash and the lion air crash in october. boeing software engineers are currently working to resolve zonishes with the 737 max fleet. there's growing concern the grounded aircraf

: meanwhile, the 737-max remains grounded worldwide. eing expects toubmit a package of software fixes in september, but under intense scrutiny, faa approval could take time. u.s. airlines that fly the max are taking it out of service until early novembert the earliest. but aviation experts believe it could take longer than tha it's going to go out to the end of the year at least, in my view, because the eyes of the world are looking at the ungrounding of this airplane, and there's still a long way to go. >> reporter: again tonight, boeing says it regrets the loss of life and is seeplyry for the impact to the families and loved ones. >> and tom joins us now. tom, there is new of another plane crash you are reporting on that happened a couple weeks ago in texas. what can you tell us? >> reporter: yeah, this was an addison texas just north of dallas on june 30. u may recall this plane had ten people on board. it was taking off and suddenly it seemed to rollover and go right into a hangar. newly released videoeems to show the plane pitching

gerry: max, the final word. what is the final word?age resonates with seniors that the president is losing. elizabeth warren is tied with him in texas. they go in the community and point out how donald trump is making you poorer, is the path to the white house. gerry: even with the counter that looks pretty strong. lowest unemployment rate in 50 years. median wages are rising. do think that is a powerful message? >> yes, the economy is doing extraordinary well if you're a massive corporation have a membership at mar-a-lago. but if you are in coal country are still waiting for those jobs that donald trump promise. if you're in iowa he is not worried about your soybeans are your corn for starting a trade war that's costing you hundreds of thousands of dollars. gerry: eric, your final word. it is at the right economic message? >> yes, i think donald trump is all talk and no action.gerry: thank you both, eric soufer and max burns. coming up i will look if american voters are indeed ready to go with the direction the democratic party -we bo

this is the human cost. >> reporter: the 737 max has been grounded for four months. southwest, american and united, are cancelling about 300 flights per day. faa test pilots found a control issue with the max, likely delaying the approval process until at least september. the separate from any legal settlement the victims' families may reach with boeing. taking t m funeral in new york for a man you may have come to know in the last couple weeks. nypd lou alvarez became a symbol for first responders. he died saturday at the age of 53. there were hundreds of officers, 9/11 responders and family members who lined up outside of the church in queens to say good-bye to lou alvarez. >> it was hard to see what he went through. but it makes me proud. >> reporter: the mourners include alexandria ocasio-cortez and jon stewart, who saluted his cask casket. he died saturday, after a three-year battle with colorectal cancer. >> louis asked that we remember everyone who died on 9/11. >> reporter: alvarez spent months working on the pile at toxins that were released after the towers

max: it's huge.g a good car, if you are a car company, is definitely the most important thing, more important than anything else. and to ben's point, one thing about the conversation that has changed over the last year is about a year ago, there were people saying this company is doomed, they will never get to volume production, and now, the debate is a different debate. it is is tesla a niche manufacturer? that would be the bear case. the bull case is this is a company that is going to be bigger than toyota, daimler, and so on. and that is, if you are elon musk, that is a good shift in the conversation. you don't have as many people going around talking about this thing collapsing any day. which was happening a year ago. emily: talk about a shift in the conversation. he has been a little bit more restrained on twitter, let's say, since his settlement with the sec over how he is communicating with the public. ben, what is your evaluation of musk's leadership, given some of the hiccups over the last y

the global grounding of the $737.00 max drags on boeing now says it will show up billions to compensate airlines so why is the plane maker stocks going up. also on the show the island charges of mykonos cover to help the price tourists are facing sticker shock on the famed rico. and the new kind of electric motorcycle is throttling up get ready to pedal up to 80 kilometers an hour. this is your do you have your business report i'm stephen beard's in berlin thanks for joining us deadly crashes in indonesian ethiopia a long list of lawsuits and the aircraft at the center of the controversy still hasn't been fixed boeing hopes to get regulatory approval to return the $737.00 max to the skies in the 4th quarter but that timeline is only an estimate and with airlines losing money on the model the plane maker has now announced it will set aside billions to compensate them. it's the company's best selling plane and a model that's become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. the movement to the can

max: no, it is not.elecom companies, almost more than any other company in the economy, are dependent on these global supply chain. while he is talking about le in thethe ho android system, that is a big hole. lots of powerful consumer electronics companies have tried developing their own systems besides android, and it has pretty much been unsuccessful. microsoft is probably the most valuable company in the world, the windows phone isn't anywhere. samsung has tried, and i think it is really hard to see huawei getting it together quickly. i think they need a deal. om: i think this is a short-term problem for huawei. in the long term, they realize the u.s. to get off dependency on semiconductor components and software. i think that is one of the main huawei is going to try to create its own operating system. in their products have not gone down, they have gone up. which tells you that nationalism is not in their favor right now. that cannot be good for guys like samsung. emily: you are saying that no matt

there were calls today to ground the boeing 737 max forever. jets have been out of the sky for four months, and that is longer than any other aircraft in history, and it follows two deadly crashes. kris van cleave tonight on two men who lost family members in ethopia, who went before congress to demand changes in the way new jets are approved he boeg 737 max crashes killed my wife, my three children, my mom-in-law. >> reporter: still heartbroken, paul njoroge told the house transportation committee about losing his entire family when ethiopian flight 302 crashed. >> i miss going to the playground with them and, you know, having some playful moments. >> reporter: njoroge and michael stumo, who lost his 24-year-old daughter in a 737 max crash, testified with pictures of crash victims on display. >> boeing's apologies to cameras have not been apologies to the families. >> i do personally apologize to the families. >> reporter: boeing's c.e.o. dennis muilenberg made that tv apology exclusively to norah o'donnell in may. >> we feel terrible about th

max hoffman there in brussels and melinda crane our chief political correspondent thank you. just to quickly recap what you have been watching over the past hour and a half special coverage of germany's. underline has set out her stall in her bid to become the 1st woman president of the european commission she was keen to play up her own european court and chills saying that europe must rediscover its unity she stressed that europe should be open to a world and bracing multi-lateralism and fair trade. there was also a big appeal to the green lobby on the line said that the most pressing challenge is keeping the planet healthy she pledged a green deal from europe in her 1st 118 say. she set out ambitious goals such as making a year of the 1st climate neutral continent in the world much money $50.00 and on brags that she backed and extension to the u.k. leaving bill europe in a beyond the october 31st deadline should more time. and to keep it here on news we will be covering that vote a little bit later this afternoon but in the meantime we'd like to get you up to date with som