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

she didn't save max. >> she saved max. she did save max. at the time.ou have to look at this in context. >> reporter: remember, rebecca said she did cpr on max after he fell. >> reporter: so at the time, those words were written, max was still alive. >> max was alive. >> reporter: and maybe because of her efforts. >> it wasn't maybe because of her efforts. it was exactly because of her efforts and that's why it's the key to the case because i know whoever committed the murder knew that rebecca had saved max. >> reporter: it was, he said, a small circle. mostly family. >> i had an eyewitness who put dina shacknai at the scene of the murder that evening. >> reporter: dina, the grief stricken mom. could she have blamed rebecca and then sought revenge? remember, mary recalled her sister saying, "dina's going to kill me." >> reporter: where were you when rebecca zahau died? >> i don't know what time rebecca zahau died during that time, but i was at the hospital all night. >> reporter: in 2013, keith greer filed a civil wrongful death lawsuit on behalf of the

grounded the u.s. 737 max fleet on march 13th 2019. that decision was based upon crash site findings and satellite data that together indicated some similarities between the ethiopian and indonesian accidents that warranted further investigation of the possibility of a shared car. in recent years congress and the f.a.a. have delegated more safety certification to manufacturers like boeing and outsourcing of sorts in fact last year 96 percent of boeing sort of occasion was delegated to the company. supporters of the system say that private companies know the latest technology better than government workers and that the f.a.a. isn't staff to do the work themselves the system the delegates authority outside the walls of the f.a.a. is a system that can work. and i've seen it work and i believe it. whether it's executed appropriately is obvious on the question they've taken it as we've said for over a decade way too far too fast for michael perlman the president of the union that represents f.a.a. inspectors agrees that the f.a.a. needs to

it's not clear when the 737 max be back in the air. and what it would take for passengers to trust it again. the system of regulations and oversight could almost fill. if it weren't for what's at stake. and hundreds of other families would know that too well. who is he like as a mom. she's the best mom you ever see. of her kid very much. how are you. you know that's what scares me the most. when of course i know how she used to care for her child and. when i beat up father you know for him. was able to do both things like a mom and dad. it's not going to make any difference what i am and we are matters that nobody cares about. but this one is a no like bigger than me what we're talking about it's not about me it's about everybody. we might don't have any power again it's boring. f.a. or something but as a human being. you know you don't let things like this to happen in all the time get away with. it and here. didn't the u.s. treasury or just a few months ago say that no chinese in terms of the goods we bring you the stories and develo

bottom three in the lineup for houston against max scherzer.ns about how the 35-year-old would get along here after the cortisone injection in the muscle spasms in his back, upper back and neck have been answered. throwing hard, throwing well, better than he did in game 1. strike two. correa bounced of base hit through the right side his first time up. a little more conventional defensive alignment on the infield than during that at-bat when alvarez was on at first with nobody out. 1-2. 1-2 pitch. same spot. 2-2. >> john: scherzer has the ability for this moment to go as long as he needs to because he trains for this moment. he's one of those guys, throwback guy that still runs a lot. we talked about his motor and how he generates so much on the mound. a lot of energy. there is a major difference between these two besides their stuff. it's how they finish. scherzer is going to give you everything he's got. not like goose gossage but he's going to give you legs, arms. when he finishes, his head is going to drop straight down and he's not going t

our review of the 737 max >> yes. i asked my board to set up an independent review committee five months ago and that provided inputs that were acted on. with the other authorities, we are continuing to take a hard look at that and we look forward to taking action on those reports. joint authorities technical review included recommendations that states, if any flight control surface is used in a novel manner, the faa should be directly involved. this is based on the observation that the faa was not completely but becausecas information and discussions were so fragmented and were delivered to disconnected groups within the process, it was difficult to recognize the impact and implications of the system. do you agree that the communication between boeing and the point that relative information on mcas was not provided to the agency? is this what you referred to as getting the balance right? senator, i think you raised some good points there. i think one of the areas we can improve and we've seen it in the jatr report an

where are we now in the 737 max. seems like every week an airline believes they're going to have that plane flying again or that certification is nearby. what is status? >> senator, we're in the final stages of the process so we are currently testing the final software updates when ready and with the faa's approval, we'll proceed to a certification flight in the near term. ske subsequent to that, it will be the faa's responsibility to issue an airworthyness directive. that's work we're proceeding on over the next few weeks and months, butten i think important again that the airplane will return to service when it's safe. this is not going to be timeline driven. we are committed to answering every question regulators have and the airplane will fly when everyone is convinced it's safe. that's the most important thing here. >> it troubles me that to get to that point is certainly it's taken so long. we want the right circumstance before we're flying again. but it suggests to me there was much more significant problems w

that was supposed to be a standard feature on all max planes was inoperable on the m max, on maxes where they didn't purchase the option. the optional aoa indicator. it seems as though 20% of the max airplanes purchased the aoa indicator, so the aoa disagree alert was inoperable on 80% of the aircraft. does that sound right to you? >> congressman, i can't give you the exact number, but it's correct that it was not implemented correctly. we made a mistake on that and we discovered-- sdovrd it a discovered it and subsequently-- >> that's good. when did boeing learn that aoa wasn't operable on 80% of the aircraft. >> i don't want to guess on the timeline, but it was discovered by engineers-- >> when did you personally know about it. >> i don't know the timelines, there was a lag between our discovery and it being reported to the f.a.a. and-- >> was there a lag between the discovery and your finding outten a then the f.a.a. finding out? >> congresswoman, the communication timeline on the aoa disagree alert was too long. the communications were not done the way we should have done them and th

was our future, we have orders for the max 7 in addition to the max 8.t is something we will have to take a hard look at next year. having a320 fleet is clearly an advantage. how hard is it going to be to persuade the traveling public not to fly on an airbus aircraft and to fly on the max? you have toe will be once you get this aircraft back in the air to get the customers back? >> i'm confident but you make an obvious and excellent point thoseis that there are who are unconvinced and it will , thecumbent upon boeing faa and the airlines including southwest to convince the traveling public that it is safe, as long as the airplane performs well i think that will be a nonissue. there are airplane issues around the world every day and most of them don't make headlines. it would be best if the max is returned to service and there aren't nagging issues that are dogging the airplane, and hopefully there won't be. >> we have heard from delta which has claimed they are picking up business from southwest. what is your current capacity situation relative to the re

it is the stoxx best day since january despite 737 max groundings. more on the airlines earnings results. this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york. amber: i'm amber kanwar in toronto. shares ofk out southwest air, reporting third-quarter adjusted earnings per share, beating estimates. but the company took a hit from the grounding of the boeing 737 max. earlier, bloomberg spoke to the southwest ceo gary kelly about his expectations to have a controversial model back in operation. >> we have one issue, the max. everything else is in good shape. i am proud of our people. -- we are weaker working on an assumption that the max will be ungrounded in december. based on that, we have the max published in our schedule. joining us now is helane becker. she has a market perform rating on southwest. when you hear the ceo say we are looking at this jet being back into service in december, does that strike you as realistic, overly optimistic? how are you interpreting it? it will not be back in service in mid-december. i th

>>hbo max sun veiling the pricing.kers friday and disney plus launches in two weeks. and then the incumbent netflix. the key to understanding the company'so ammunition one the streaming wars is the fyre power of content defined with how much they p charge. disns cartridging $7 a month and apple five dars dollars aonth for streaming service. both lessxpensive than expected .. the price tag of hbo max service is in the spotlight. >> the big challenge for at&t pring power of hbo max is hbo is already a proposal yum to other services. disney plus law firng at 6.99. apple p tvs at 5.99 and slight if hbo is premium to hbo now that makes it more difficult to addbe subsc. >> they will give to 10 million subscribers and we can expect a free trial to get consumers hooked. all of streaming services looking for allies distribution partners to give theea a start building the subscriber base. disney pittnering wh verizon gichg 50 million subzureks access for a year. hoping that many will sign on themselves when the year is up. >> co

max scherzer. it's amazing because three days ago, he literally fell out of bed, could not raise his right arm. when he woke up this morning, he texted manager davey martinez with two words: "i'm good." davey martinez saw him on the bus today. saw the game face and i knew, he said, he was really good. what's fascinating is scherzer actually has a longer leash than houston's starter zack greinke. greinke has pitched with traffic the entire postseason. he's going to get one jam to pitch out of and the second one probably is bullpen. martinez has taken scherzer out of a game mid ending only five times all year. as he told me, whom i going to bring in who's better? fascinating starting pitching matchup. guys, i'm fascinated about the role of gerrit cole in this game. the answer to that, here's ken rosenthal. >> ken: we are not going to see gerrit cole pitch five scoreless innings in relief the way madison bumgarner did on ono days' rest to close out game 7 of the 2014 world series. we are not even goin

reporting and why it's really clear that this case is about max is really about max is reporting and why it's really clear that this case is about max is reporting if if you the viewers probably don't know this a misdemeanor simple important if if you the viewers probably don't know this a misdemeanor simple assault which is what the accusation is if you sit in a court for arraignment you'll see which is what the accusation is if you sit in a court for arraignment you'll see $3040.00 people come up and their cases if it's a simple assault $3040.00 people come up and their cases if it's a simple assault allegedly. will be what's called no paper the prosecution won't brit's allegedly. will be what's called no paper of the prosecution won't bring a case here we have a dynamic where one individual was arrested in making a case here we have a dynamic where one individual was arrested in may and now 6 months later. may and now 6 months later. they're now bringing a case against max blumenthal on the same matter which is they are now bringing a case against max blumenthal on the same matter

in many ways the 737 max was born out of competition. we come to the paris air show. this is the largest air show in the world. and a chance for the aerospace industry in plane makers to celebrate their latest creations and commercial cells. it was here in 2011 that boeing's rival european manufacturer airbus broke records with orders for their new plane a 320 neo really isn't a story announcement bizarre just ever order for our a free to any family so we talk about the allen space where we basically fly every day on the domestic flights and smaller low short during the continent flights and boeing and airbus dominates that 100 percent airbus is a 320 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that they cited to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also rail. and in r. and d. platform 737 and 2 platforms. facing the loss of borders to airbus to

the max, and mr. gustafson who in 2018 was promoted to being boeing's 737 chief technical pilot. is that right? >> i believe that's the case, senator. >> so this exchange is stunning. mr. forkner, shocker alert mcas is down to m 2. it is running rampant in the sim on me. at least that's what vince thinks is happening. gustafson's response oh great, that means we have to update the speed triple description in volume two. mr. forkner, so basically i lied to the regulators unknowingly. >> gustafson, it wasn't a lie. no one told us that was the case i'm leveling off at 4,000 feet, 230 knots, the plane is trimming itself like crazy. i'm like what? gustafson. that's what i saw on sim one but on approach. i think that's wrong >> forkner, granted, i suck as flying, but even this was egregious. that exchange described what happened in lion air and ethiopian air. the men and women gathered here with photos of your loved ones, 346 people are dead because what these chief pilots described as egregious and crazy,

atnt mels at&t is about to start an investor presentation about hbo max.o unveil pricing for the streaming service, a launch date and a look at some of the exclusive content that will be included now, pricing in particular will be very much in focus, because hbo max aims to expand on content included in hbo now, ott service costing $15 a month. worth noting that's more than in netflix's most popular subscription $13 a month. and apple and disney streaming services both priced lower than expectations apple tv plus at $5 a month and disney plus at $7 a month. now hbo max is expected to introduce a lower cost add supported version next year. and remember that nbc universal cnbc's parent is also planning to launch ad supported peacock coming up in april to quickly scale the subscriber bases all streaming players have been announcing deals to get the services into consumer hands xiong stinky revealing friday that hpo max will be available for froh to 10 million subscribers. disney is partnering with verizon. offering disney plus to 50 million subscribe force a

but we begin with boeing ceo dennis muilenburg grilled by lawmakers on capitol hill over the 737 max crashes straight to phil lebeau in d.c. with the highlights. >> the senators blasted dennis muilenburg time and again on a wide variety of issues some accused boeing and the ceo of not being straight with them, outright lying in terms of questioning about the 737 max. others basically said to him, you're the ceo, how could you let this happen? >> you're the ceo. the buck stops with you. did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here. >> those pilots never had a chance these loved ones never had a chance they were in flying coffins. >> i was walled walk before getting on a 737 max i would walk zbra there is no way -- just a few of the comments from senators asking dennis muilenburg and also

related to the 737 max?senator, our team continues to cooperate with all requests for documentation. i'm sure that additional documents will be provided over time as they're discovered, as would be normal to the process. but we will cooperate fully ith the request. >> it seems to me that a request shouldn't have to have been made with regard to that i.m. conversation, sir. let me ask you, when did you become aware of the emails that i referred to in the second part of my question, about jedi mind tricking regulators? >> senator, again, just recently i've been informed of the details of those emails and instant message. >> can you give us an idea of how recently? >> over the last couple of weeks when it became public news. >> ok, you did not know about it until then? >> sir, i don't recall being briefed on the details of those documents any time prior to that. >> can you see that this raises much concern about the level of coziness between boeing personnel and f.a.a. regulators? >> mr. chairman, i understand

approved 737 max training. so guys we're going through all of the e-mails we may have an update in a little bit for you but certainly a day where a lot of documents are coming on and people saying what did they know and when did they know and why aren't we hearing about it before now. >> let me asking ask a quick follow up question if, the lawyer for the technical pilot denied any kind of lie but what was this individual referring to ostensibly when he said, i may have unwittingly. >> unknowingly. >> unknowing i lied to the regulator. what was he referring to and what does he mean by unknowingly. >> two great questions there that we would love the answer to by the way, we have asked this attorney for the pilot if he could provide clarification on this we don't know, tyler there is no way for us to know exactly what he is talking about. >> okay. >> and in terms of why the documents are coming out for you -- remember that dennis muilenburg will be on capitol hill on october 29th and 30th testifying once before th

muilenburg did you fly on a 737 max prior to these disasters quick. >> i don't recall flying on a max prior to quick. >> i don't recall flying on a max prior to have any idea how many times quick. >> i don't recall. >> maybe i can count on one han hand. >> i know at least once before. >> there are all sorts of things that are coming out between text messages and other things that others have said this is a smoking gun i would assume that you would not board an airplane if you believe something was wrong. so here is where i want to transition. talking about the reports i did from memory. we have outcomes including ntsb indonesian air and the boeing board. how do we know this new process has the integrity to where the faa doesn't feel it's right but it actually is right? does that make sense? >> before you flew our i flew we believed it was right. now potentially we will and ground of this at some point how do we know the new process will work to yield the right outcome quick. >> i would say the software changes we are making will prevent the pilots from ever being in this position agai

today it fell almost amid mounding questions over the company's 73 max. it was a one year ago when their lionane crash in indonesia followed a few months later byat another crash and then the grounding worldwide of boeing's most popular jetliner. tonight pressure mounts as investors try to figure out if new revelations will return its date to service. here's phil lebeau. ng reporter: there's gro skepticism the 737 max will be back in the air before the end of the year which remains t guidance of dennis muilenburg. release ofnd emails a test messages from a boeing pilot suggesting he may he misled regulators while the max was in development has analyst questioning if the faa will slow down thef process flyin again. credit suisse downgraded them and ubs downgraded boeing writin we think af pushout the return to service could c increase the likelihood of a pause on the 737 max production system. meanwhile, boeing is wrestling with a crisis that seems to be getting worse. h then youe the theater of crisis management which is like an episode of succession whe

investigation into defense contractor boeing and its $737.00 max plane after 2 fatal crashes has many fascinating and alarming look into the safety culture of the corporate aviation giant and it seems that with each new sunrise even more information is coming to the service at ronald reagan international airport for joining us our team erica seren fronsac with the latest not only did investigators find out that a key feature wasn't installed on the boeing 737 max but for the regular boeing $737.00 airliners so wings are starting to crack now boeing has reported this to the f.a.a. or the federal aviation administration and they are on to expect inspecting all other planes boeing says the cracks were found in the pickle forks which connect the plane's body to the wings of these pickle forks they're designed to last for more than 90000 landings and takeoffs well in a statement boeing says no in-service issues have been reported over the coming days we will work closely with our customers to implement a recommended inspection plan for certain airplanes in the fleet this issue does not aff

by engineers nearly 10 years ago but in the 737 max version of the m. cas the pilots couldn't override the system when they pulled on these controls in the system would continue to push the nose of the plane down this is what we saw in the 2 crashes out in malaysia and in ethiopia a $737.00 max has been grounded worldwide since march after those 2 crashes within 5 months of each other that claimed the lives of all 346 on board boeing is expected to fix the 737 max version of the m cast making it exactly like the versions in their 730 seven's and military aircraft each country will make its own decision whether or not they want the boeing $737.00 max to return to service but many airlines are still waiting on the f.a.a. to approve the regulations and the training for the boeing 737 max a boeing says that they hope to return the airliner to the skies back at the end of 2019 at reagan national airport for watching the hawks i'm fair in front that. i'm not going on long enough are you don't trust boeing remember you're not getting on a 700 of them are going

grilled on capitol hill about the troubled 737 max... >> i would walk before i was to get on a 737 max o'donnell: ...and confronted by relatives of crash victims. caught on ra dives into a new jersey suburb, killing the pilot and setting homes on fire. a grandfather faces criminal charges in his granddaughter's deadly fall from a cruise ship. cbs news investigates a pattern of wrongful raids in chicago. >> they live upstairs! >> o'donnell: police storm the wrong homes, traumatizing innocent families. their ain't no mountain high enough to keep this climber from setting an epic world record. and game changer. the n.c.a.a. takes the first step toward allowing college students to cash in on their fame. this is the "cbs evening news" with norah o'donnell. >> o'donnell: good evening, and thanks for joining us. we're going to begin our western edition with that damning impeachment testimony today from a key witness, army lieutenant colonel alexander vindman. e coroversial phone calluncil's that sparked the impeachment inquiry. vindman says what he heard concerned him, and he alerted a top wh

max: so many hurdles.g is pretty much -- they did form the association, so in theory, it is separate from facebook. it is able to design this cryptocurrency and work with regulators. regulators have serious concerns about this because there is the risk -- and i think it is a really extremely modest risk -- that libra could supplant the u.s. dollar, the euro. basically allow the libra association, which in effect is facebook, to control a huge part of the economy. that is going to be scary for all sorts of powerful people. taylor: david, your thoughts on zuckerberg's testimony next wednesday, which could be centered around libra. any thoughts on what could or could not go right? david: it will not go well. i think he is making a gigantic mistake thinking he could somehow go to the house financial services committee and convince them that libra is a good idea. they do not think that. they are not going to think that after his testimony. he has boxed himself in by saying he will not launch it without the regu

the first of two deadly crashes involving the 737 max jet. mr. muilenburg began by addressing families of the victims telling them we're deeply sorry, we'll never forget the victims and admitting that mistakes were made in making sure those planes were safe to fly. >> phil lebeau is watching all of this today. >> i would give dennis muilenburg a "c," if someone said grade his performance today. the first half he did not get a lot of tough questions, but that changed in the second half of the hearing. when a number of senators said you're the ceo, the buck stops with you, how could this happen? here's a taste of some questioning and commentary he heard. >> you should take, you know, offense to the fact that people say it's a great company not being run correctly. for the 346 people who trusted boeing without a second thought, we need to get this right. >> boeing came to my office shortly after these crashes and said they were the result of pilot error. those pilots never had a chance. these loved ones never had a chance they were in flying coffins

and right now, them and -- they're maxed out, bad term, but they're maxed out with production.ull back. cheryl: you've got to wonder if they should just scrap the max name entirely. but they pointed to the m-cast system. there have been so many questions about the system. it relies on a single sensor. indonesian authorities said that was the wrong decision and that the design of the plane was off. again, another reason to maybe get rid of that max completely. >> that is correct. initially one sensor was feeding into that system and now there is two sensors that will be feeding into that. that should; correct that part of this the shy with the -- thee with the m-cast system. there have been other changes, such as the number of times the nose will be resulted as a result of the system kicking. cheryl: you think the max should come back. >> i think it should come back but it needs to be rebranded because of the explosion in the media from the two unfortunate crashes. cheryl: it's interesting, we've been watching the stock all year. this has been going on since march. the stock is

is it go, is it now, is it max, is it max go what is it now >> you know, jon, they are going to be --they said yesterday, they are all in on hbo max that's the product that they will be significantly marketing. i think the expectation is if you are an hbo subscriber, you may want hbo max because the price differential is so little. if you're hbo go, again, you're going to move to this new platform because of the added content, the breadth, the depth of it, all the classic movies. you can go through a lot of different things the real question to some extent is what are the cable companies going to have to say we didn't actually discuss that in terms of any pushback they might have because you are going to see people potentially say to their cable provider, well, all right, i don't need hbo here anymore and they will go direct to consumer and sign up obviously digitally for hbo max. so that certainly will be an important component over all of the change that they are expecting to take place. >> max, plus, i would love to be a fly on the wall for some of these meetings around names for t

the max has to get back.e when i look at what's going on with this situation, with ge, with honeywell, with united technologies, david, this max is everything it really is otherwise you want to own all the stocks what are you hearing >> i only listen to what phil lebeau tells me. right? don't you? i don't know how much longer is muilenburg going to be the ceo of boeing. that's where people are focused as much as they are when the plane returns to service, jim. >> it has become the ultimate guessing game. >> so the aforementioned tusa is out with commentary as well. no, quote, smoking gun here, as always the follow-up in details will be key for forward estimates, for which we remain well below consensus >> you know, look, he can keep talking about that i don't think it is about consensus. i think it is about credibility, which a year ago there was none. i think it is about the idea that there is no cash strain to the point we should be worried about the common stock i think it is about 20/20. culp always said

subtly making the public aware i was in houston right before the max.the last airline flying a max i was booked on the flight on a 737. i was going to get on it i had flown those for years but i will say it was in my head >> absolutely. and delta is very glad to be one of the only four giants without that exposure. most of that is because it is not dealing with the operational headaches. on day one, there are going to be consumers aware of the fact i'm not sure there is anything boeing can say to reassure people >> i'm sure you know a lot of pilots i've spoken to a couple of pilot friends who have flown the 737 max. they have talked about the plane, they don't really like it they say it is kind of jumpy is there any chance this plane will never fly again >> i've thought about that it is a good question. it is obviously a very, very small chance we have seen other things happen here that seem improbable. the idea we've been looking at a year of grounding. that is possible as march comes around here. it is a different kind of airplane boeing not being abl

i do agree with max.efinitely viable here, but their main competitor has more spaces than they do and has been around a long time, public company, it has a valuation of less than $5 billion. taylor: i want to switch over to netflix. another big tech earnings we were taking a look at. low expectations, earnings better-than-expected. on friday, people got nervous about competition. where does netflix fit in the midst streaming wars? max: the issue with netflix, they have a huge user base, but they have been spending enormous amount of money acquiring content. it is a two-part concert. one is has has there been overinvestment in the content bubble? are people overpaying for these original series? and then the risk of viewer fatigue. we are about to see disney launch a service. apple is launching a thing. these are big marketing machines that will inevitably take customers and mind share away from netflix. then, you start asking did we pay too much for some random show season three, whatever? cultured of very

the max is still not back.e momentum here >> david, i think it gets drug down in the regulatory process as they factionalize normally the eu and the united states would be the lead regulators and other countries would just follow their lead. today, there's a lot os umbragef criticism against ethiopia and indonesia. a whole lot of issues are at stake, and that's driving what i would say an objective assessment to make it nine months when it should have been two months i'm not saying that there were things that were not wrong, but we're now not fixing technical things we're arguing about who's right and who wrong? >> all right so put yourself back in the ceo position at a major airline. what do you do, you know, when you're at southwest or any number of other carriers that are relying on this plane to come back into service >> they're hustling, to get short-term leases to cover and in the best case, they rewrite their schedule they don't open new cities and it does slowdown their growth. so there's an economic im

regarding to some and 37 max crashes that killed a total of 346 people spoke about the efforts at the company invested in improving their aerial technology will spoke about the efforts that the company invested in improving their aerial technologies and their points going forward. we brought the best of boeing to the seventy's in airplanes going forward we brought the best of boeing to this effort we spent over 100000 engineering and test hours we've flown more than 800 we spent over 100000 engineering in test hours we've flown more than 800 test flights we conducted simulator sessions with 545 participants 100 test flights we conducted simulator sessions with 545 participants from 99 customers and 41 global regulators i flowed from 99 customers and 41 global regulators i flown on a couple of flights myself this is taken longer than expected and on a couple of flights myself this is taken longer than expected but we're committed to getting it right mr mulan bergs test but we're committed to getting it right. mr mulan berg's testimony on tuesday to the united states senate commerce com

understand you're actually familiar with what transpired here and you know max blumenthal what more can you tell us about what happened well this was really just to get. it charges i mean tell what more can you tell us about what happened. well this was an egregious assault against alternative been indeed meet the independent media the charges are 100 percent bogus their false it's a frame up i was there 100 percent bogus their faults it's a frame up i was there with the embassy protection collective for 5 weeks between mid april and may air with the embassy protection collective for 5 weeks between mid april and may. we the people who were there at the invitation of the legal owner of a. we the people who were there at the invitation of the legal owner of the building which would be the venezuelan government. we were there at their in the building which would be the venezuelan government. we were there at their invitation and we were the victims of we let less violent physical taishan and we were the victims of we let less violent physical and verbal assaults by the great dose of q

don't go anywhere. ♪ jet, max jet, boeing 737 max jet.of capitol hill where in a w moments the ceo of dennis muilenburg, will testify before the senate commerce committee answering questions about the 737 max. when that begins, of course, we will take you there live in the meantime good tuesday morning. welcome back to "squawk on the street." i'm carl quintanilla and leslie picker we're live at post nine. david faber is in california for warner media day a lot of coverage coming from david later on markets flat here. a lot of mixed bag of earnings today, including some blowups. we're getting data as well we'll go to rick santelli at the cme. >> looking for a read from the conference board expecting 128, we end up with 125.9 that might look like a disappointment based on expectations, but it's sequentially higher than -- well it was sequentially higher until we got a revision, 26.3 the new previous month versus 125.1. we're a bit down how does that stack up well, it's the highest number really since -- the lowest number going back to march now going back to march. it would have just be

cheryl: kathleen i talked to pilots who fly the max, who did fly the max when it was in the air. they do really fault the mcas system. the fact that boeing put that system in, software up grade. they had to do it because the way they redesigned the engines and the wings of the max. they didn't really educate pilots or really give a head's up, talking about southwest, american, in particular, that the system was even in place. that to me seems a big fault on boeing and the faa to be fair? >> well, that is the part that goes beyond the pale. even brazilian regulators, they were keen enough, they saw the mcas system and had their pilots understand it. pilots i spoke to in the industry were disappointed by today's presentation. they will have to be ones that determine the airplane is safe. they have to convince passengers and airlines to operate it. i feel they think that boeing can make this happen but who is the leadership we want to take us into the next decade with boeing, fixing this max problem? has muilenberg really earned the respect and the trust right now and the confidence

allowing design flaws on the 737 max to go unnoticed. while the max was in development, boeing did not fully explain the anti-stall system, known as mcas, to the f.a.a. and did not sufficiently update safety regulators on changes being made to that system. mcas played a central role in both max crashes, pushing the plane's nose down, causing pilots to lose control. the report also found f.a.a. staff had only limited experience and knowledge about key technical aspects of the plane. also faulted were assumptions made by the f.a.a. and boeing about how pilots would respond to an mcas failure. it is hard to see these two accidents happening without mcas. >> i think that's a fair point. >> reporter: f.a.a. administrator steve dixon spoke to cbs news last month. >> we're looking at the overall certification protocols to see where there may be gaps or where those processes could be improved. and, also, if there were any flaws in execution. >> reporter: the max has been grounded since march. this week, united and american joined southwest in pu

detained american journalist max blumenthal claims he was arrested on false. detained american journalist max blumenthal claims he was arrested on false charges of the soul for his reporting on venezuelan opposition violence we hear the charges of the soul for his reporting on venezuelan opposition violence we hear from his lawyer. he was denied access. he was denied access for a phone call to contact an attorney or his family these charges are plainly false all to contact an attorney or his family these charges are plainly false and highly inflammatory in the u.k. is heading for a general election as parliament and highly inflammatory in the u.k. is heading for a general election as parliament approved this bill seeking at the center the 12th to break the breakthrough the prudes boris johnson's bill seeking at the center of the 12 to break the breakthrough.

boeing is losing altitude in its economic performance as a direct consequence of the 737 max crisis the plane maker posts troubling quarterly profits as investigators in indonesia blame design flaws in the boeing jet for the deadly lie in your crash. also on the program internet giant google claims supremacy in quantum computing but when can we download it onto a smart focused. and pollution is getting everyone worked up in time to wait as people there ask is this the price of products. it's time for business on the w m how you know to get us welcome to the program. the catastrophic story of boeing's best selling aircraft the boeing $737.00 max is weighing on the company's performance profits fell 50 percent to $1200000000.00 in the last quarter the news comes just as investigators in indonesia told relatives of the 189 victims of the 1st 737 next crash that it was caused by design flaws in the boeing jets at a stall software. families of the victims of the lion air disaster traveled to jakarta they were among the 1st to be told why the boeing 737 months went down last october killing a

with disney plus launching followed byo max and peacock, roku is eected to gain ad revenue. if people t subscribe through roku it will earn a share. >> you want to be the switzerland during the streaming wars. they are switzerland, then the wars are occurring around them. they should be paid by the arms dealers. >> reporter: in addition to generating ad revenue and taking a cut of subscription revenue and downloads, ro also makes money from selling streaming devices which range from $30ge $100. al from f licensing its technology to smart tvs which cost $200 andup. roku had more than 30 million active accounts as of its last quarterly report and analysts expect that number to grow as roku capitalizes on a shift to streaming and as it begins its ternational expansion launching in europe next year. >> roku has been entirely north american, entirely u.s. phenomenon. they announced they're launching into europe. i don't see any particular reason why they can't bees suul as a device vendor. the roku devices as anra ong system vendor and intomart tvs and the rest of the world and a

more 737 max. update to provided an the output of the planes. this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york. boeing shares were on the rise after mapping out a sharp boost to output of the 737 max, saying it remains confident the beleaguered plane would be cleared to fly this year. for more, let's welcome brooke sutherland. what exactly did they say, are they being too optimistic? it is not up to them to fly the planes this year. they said they expect a plane to return to service by the fourth quarter, which would have been october, but they continue to say fourth-quarter but we are looking at a delayed timeline. this remains contingent on the faa approving the plane to fly again. it is unclear where we stand with that. bolland said on the call that the reviews of its software updates and other materials are taking longer than planned, and that the faa is being very diligent, making sure boeing gets this right. i also wonder if there might be political couplet k she for the faa running this plane back in the

grounded the u.s. 737 max fleet on march 13th 2019. that decision was based upon crash site findings and satellite data that together indicated some similarities between the ethiopian and indonesian accidents that warranted further investigation of the possibility of a shared car. in recent years congress and the f.a.a. have delegated more safety certification to manufacturers like boeing and outsourcing of sorts. in fact last year 96 percent of boeing sort of occasion was delegated to the company. supporters of the system say that private companies know the latest technology better than government workers and that the f.a.a. isn't staff to do the work themselves the system the delegates authority outside the walls of the f.a.a. is a system that can work. and i've seen it work and i believe in. whether it's executed appropriately is obvious on the question. they've taken it as we've said for over a decade way too far too fast for michael pearl and the president of the union that represents f.a.a. inspectors agrees that the f.a.a. needs