let's check in with our brussels borough chief a maxell hofman what has happened in the meantime max. well it appears a couple of sources are saying this that the leaders have decided to draft a new text on the braggs it section of the conclusions here at this european council which means that it will take longer than anticipated apparently the original date that was in those conclusions of an extension until may twenty second was scrapped that doesn't mean it might not reappear in those conclusions but i can tell you from experience that once leaders start drafting their own texts because usually these things are prepared by so-called sherpas then it gets difficult and every anything is possible we've also been hearing that the french for example have suggested a deadline of may seventh but with no strings attached in this case the house of commons would not have to pass the so-called withdrawal agreement in order to have this extension ok so you can see we have a broad possibilities now here at this at this summit is this because i mean of course is a speculation is this because no way t

be on the show may actually watch an economic indicators the economists are some once again right max well they are not surprised yeah yeah we're going to talk about economic indicators in a second message i want to follow up on a point from our previous conversation and it has to do with competition first is non-competition the problem is with socialism social democracy m.m.t. keynesianism or our or the universal basic income is that it creates monoculture because there's no there's no competition and competition is needed for a species to survive there the way you end up with survival is you need diversity in a species not a monoculture and that is gives you protection against changes in the environment when the environment changes those those elements in the parts of the culture of the ecosystem that might be different than the other parts they survive the others don't a survival of the fittest the only way you get that is through competition if you have universal basic income you'll have one flat line monoculture you know dead zone there's no competition therefore you're threatening th

well you know i find it amazing max that you know you have to come on shows like yours that actually tell the truth and sarah is that the fed has admitted that they have her minutely monetized a little over a three trillion that's what she trillion dollars worth of consenting of their debt of the money they print x. neela ok out of nothing and that that was something i remember mr fischer of the dallas federal reserve once said that the federal reserve of the united states would never go down the road of a banana republic and rick hundreds of billions or even a trillion of its own units of currency but we just printed three point seven trillion dollars coming out of the great recession. and we're holding dealer to drain and maybe about six or seven hundred billion dollars of that there's going to announce very quickly very soon here exactly the final size of its balance sheet but let me make this clear the federal reserve of the united states is now acting like a banana republic has printed wellmost words trillion dollars and will currently monetize over three trillion dollars oh it'

-port dot com michael welcome back thanks for having me back on max well all right let's get into it since we spoke a month or two ago michael the fed has continued to iraq how they are now claiming that a is permanent and that in fact negative interest rates may be next year thoughts michael pent up well you know i find it amazing max that you know you have to come on shows like yours that actually tell the truth and center most of the mainstream media which obvious case what's actually happening to the middle class and to the american people as a whole. you know what's happening here is that the fed has admitted that they have her minutely monetized a little over three million that's what she really in dollars worth of consenting of their debt of the money they print x. nilo ok out of nothing and that that was something i remember mr fischer of the dallas federal reserve once said that the federal reserve of the united states would never go down the road of a banana republic and rick hundreds of billions or even a trillion of its own units of currency but we just printed three poin

that kind of stuff that kind of extreme rattle radicalism can put trump back in the white house max. well let's let's focus on the cost of this green new deal so their projections are fifty trillion sixty trillion we know that the bell outs of two thousand and eight they started out with a seven hundred billion dollar blank check hank paulson negotiate with congress and then over the years that morphed into roughly a seventeen day eighteen trillion dollar bailout for banks if you include all the guarantees and the extensions and the contingencies so. here you have a story that i would think if they're talking in the trillions and they're talking green new details in the talking reshaping the economy and radical ways here's a here's a headline that's a grab the democrats socialist attention to says that the fed recently indicated that quantitative easing will no longer be used just for emergency but it's now part of their ongoing official policy again so in other words they're already doing keynesianism they're already doing m.m.t. they're already doing money printing it's. it's there it's

brown has more now on china's order to ground this boeing seven three seven max. well in light of the ethiopian plane crash china has moved swiftly and decisively on monday morning the civil aviation administration confirmed that it had notified all of chinese airlines telling them that the boeing seven three seven max eight aircraft had been grounded and would remain grounded indefinitely it so far affects ninety six aircraft you know the administration felt that there were similarities between the crash in ethiopia and one in indonesia almost six months ago that also involved a boeing seven three seven max eight it was also practically brand new and also crashed shortly after takeoff and for china that was one similarity to many now the the max eight is basically the latest version of the boeing seven three seven which is very much the the work course of the chinese airline industry now it's not just boeing that china purchases from china also buys from air bus but it's also developing its own version of the boeing seven three seven the comac c nine one nine an aircr

because it applies to about one fourth of the global seven three seven max fleet and it comes after ethiopia open air lines as well as cayman airways have also ground their seven three seven max fleet meanwhile boeing says it has no new guidance for the operators of this aircraft ok so safety is of course an important for boeing is it and there's the airline type the boeing seven thirty seven is a work force for so many airlines around the world what do you tell us about the max version well it's a new generation of this type of plane it's boeing's fastest selling plane about three hundred fifty. models are in operation right now more than five thousand has been ordered because it's supposed to be more fuel efficient it also features and software so it's it's somewhat represents not only the future of flying for boeing but also the future for the company now this is the second time this exact same type of aircraft as crash from salt lion airlines them to but what four five months ago a similar crash there is there any link or is it too early to talk about that is quite early to talk about that however there are si

were given initial training of 56 minutes on an ipad about the differences between the new boeing max as well as a revision to pilot training to address concerns stemming from the lion air crash. mola lenghi, cbs news, reagan national airport, virginia. >>> a boeing max 8 planes remain grounded in the u.s. and other countries while the investigations continue. >>> another candidate has jumped into the crowded field of 2020 democratic presidential nominees, officially kicking off her campaign yesterday, the 6th female candidate to enter the race so far. and there are now 14 democrats in the running. and 15th came close to declaring his candidacy over the weekend. >> most progressive record of anybody rubbing for the -- if anybody who would run. >> president trump took aim at biden this morning in a tweet joe biden tongue tied over the weekend when he was properly deliver a simple line, get used to it, a low up beto o'rourke, announcing $6.1 million within the first 24 hours of entering the race. democrats will hold their first debate on june st., last a second night as well depending how many

boeing it is such an important aircraft it's a workhorse for so many airlines what about the max version well the seventy seven max is a new generation of this aircraft of the most popular aircraft around the world is boeing's fastest selling plane because it is supposed to be more fuel efficient which is very important in this time and age more than three hundred are flying around the world right now but more than four thousand are ordered at boeing so the seven to seven max as bigger and wider turbines which as we found out from the ports before apparently change the balance of the plane and the way it needs to be operated also boeing equipped the seventy seven x. with more automated computer systems which this is a big point of fist near apparently it did not tell pilots airlines about ok now this is the second time there's been a crash. the max a seven thirty seven x. eight is there any link i mean is it too early to look for one or to say there might be one it is. early stages of this investigation which is about to kick off and if you if you have but and we don't know if there is a link

set to rollout and what exactly is the problem with this system on the seven three seven max. well the way the system works is when they put the new engines on the max airplane the aerodynamics of the airplane were changed slightly the engines were mounted a little bit further forward consequently if you were aborting a landing for example an added power the nose would pitch up further than the standard seven for us seven three seven the software update puts a correction in there and it brings the nose down a little bit so you a pilot wouldn and permanently stall the air ply normally the software would never be activated and if it was a pilot probably wouldn't even notice that it was being activated the problem with the indonesian crash is that the sensor that drives that software called an angle of attack indicator was not functioning properly and hadn't been for several days the airline didn't seem to be able to repair it properly and on several preceding flights a situation wasn't countered that was similar to the accident situation however in needs the crews are able to success

decade old aircraft should boeing have done more to train pilotson the differences with the 737 max 8 >> well, the 737 max 8 of course has some differences, but it is not drastically different from the previous designs it has a little more automaticizati aspects. >> and do you think that there would be a difference between the training and capability of u.s. pilots to fly these aircraft which the airlines say are aven are -- which the airlines are saying are safe. and the international airlines and pilots flying these planes and the international response we've seen which is to ground the aircraft >> let's look at the history of the airplane a little bit. when it first came out a number of years ago, there was virtually no automaticization in it at all. we had pilots from the air force or civilian jobs or other airlines and they were the ones who manually flew it and could fly it well. and then it became more and more automated and the purpose of this was to allow people with less actual hands on flying experience to be able to operate it safely. and the world now, the economies of the develo

allies to try to determine what brought the plane down the future of the boeing seven thirty seven max could well depend on the results of that investigation america's aviation regulator the as a has grounded all seven thirty seven max series aircraft until further notice affected airlines are facing growing costs. to sports now and byron munich have crashed out of the champions league after losing at home to liverpool three one it is the first time that the german champions haven't made the quarter final stage in eight years of a game started out on an even playing field until an error from byron goalkeeper munnell neuer allowed sadie on monday to score in the twenty sixth minute now biron did tie the game just before half time through a job own goal but it was all liverpool in the second half a header from van dyke and another goal from monday sealing the three one aggregate victory. we have young expat from to get you sports with us to weigh in on last night's champions league action what happened to byron simply just one good enough second best i think especially in the second half and we saw

we still don't know how that deadline will look at that summit in brussels exactly one week max thank you. well u.s. president has said that the golan heights should become a recognized part of israel he tweeted today that after fifty two years it is time for the united states to fully recognize israel's sovereignty over the go on high on his role to control of the strategically located go one hides from syria in the sixty's were in one thousand sixty seven the area has been occupied by israel ever since the end exemption has not been recognized by the international community. and the news is a major boost for israeli prime minister benjamin netanyahu he is facing reelection in two weeks netanyahu had this to say tonight about trump's announcement the president. has just made history i called him. i thanked him on behalf of the people of israel he did it again first to. recognize to swim israel's capital and move the u.s. embassy. then he. pulled out of the disastrous you won't really read bull's arms but know he did some through. the stork importance he recognizes ruse so we do with the golan

well well that let's go now to london and you have used baggage last joining us from strasburg a state of years max hoffman good morning to both of you let's start with london baggett what's it looking like after the massive defeat last night will we see a no deal bracks said today in parliament. well it's expected that paul newman is voting against just that scenario brian so we're expecting that m.p.'s really think that's crashing out of the european union at the end of march so in just two weeks time is for many of them something that they want to avoid at all cost and there is a vote later on and it's expected that it's going to voted against the question of cause what comes next and the government and really parliament here in the u.k. is an absolute disarray we don't know what's going to happen if you fell mentioned jeremy corbett in your piece of the door of the opposition asking for president actually and that's something that even us some loyalists into reserve mais own party all asking for so the future as of today extremely unclear ok if as expected as we just heard there from barry go o

boeing can't find into, out of, over canada and the restriction's affecting not just the max 8, but the 9 as well the transport minister said he had full confidence in the canadian pilots and there have been no abnormalities reported, but he says he believes the data between those two deadly 737 max 8 crashes were just too similar. he was asked if he believe d th faa would follow suit. here's what he said. >> got this data this morning, analyzed it and made a decision. i can't tell you for sure if the faa has the data and but we are in touch with them and so they will know by now. and they have to make their own decisions about wla they feel that in comparing the flights, whether that is a threshold point for them >> but at this point, it is just the united states, which is still allowing these boeing max 8s to fly. american and southwest continue to fly the max 8 publicly, they're standing behind the safety. the faa says it's confident in the plane's safety says look, we're just waiting on data from these black boxes, which by the way, are still sitting in ethiopia. it doesn't have the capabilit

banville planes that have been delivered well why it so far but is already the second time that one of them crashed last here in indonesia a boeing seven thirty seven max eight crashed as well speaking of the airline itself if you've been allies as one of the biggest carrier as in africa and it's widely considered to be one of the safest and best managed adeline's in the region that is despite the fact that in two thousand and ten one of their planes did crush that was in the mediterranean sea just after having left beirut in back then ninety people die and. people have been gathering at nairobi it was we just heard and as we said it was the flight just a nation tell us a bit more about the reaction there. well messages are just starting to pour in that is because a lot of people are only finding out just now about the tragic incident we have people that can out to our port gathering there many of them to support friends and family but we've of course also have people all across the country reaching out one of them for example was the president or who are can now to himself he tweeted out my prayers go to all the families and associates of those on boa

the department of transportation would be looking into the certification process of the boeing 737 max wellnow, it is official. the department of transportation secretary elaine chao asked the inspector general of department of transportation to do an audit of the certification process for the 737 airplane, the max 8, in sesks. what they're looking for is how did this process develop so this is going to be a probe from the department of transportation looking at the process and specifically i would imagine they're going to be looking at the question whether or not as the faa was going through the process, guys, and had boeing doing self-certification and say, okay, this is how we believe this part will work or certain process will work with this aircraft and then report back to the faa, how was that work divied up and was the faa perhaps not stringent enough on bioing that's an idea or suggestions that has been floating around since the crash of the two boeing 737 max airplanes guys, back to you. >> phil, thank you very much for that update. we have also got a market flash on altria. >> hi

max: not well based on the stock's performance today.interesting bet because of elon musk is right, if tesla can sell hundreds of thousands of cars a year on the internet. having people just buy it based on his reputational or day-to-day have driven in a friend's car -- or maybe they had driven in a friend's car, that would dramatically remake the auto industry which is dependent on these dealer networks. everybody test drives their car. it is a huge part of the marketing and how business is done. thise other hand, it adds additional layer of complexity. we have seen elon musk do this basically throughout his career. when they were launching the model 3, they did it with the robots. you can look at this as either a grant bet or another case where tesla is over complicating things or increasing the level of difficulty in a way that will make certain investors a little scared. emily: $35,000 is still a lot of money for a lot of people. if you look at any add-on, you can get up to $60,000 plus. are people going to buy tesla just because it

recorder and flight data recorder arrived in paris overnight the future boeing seven three seven max aircraft could well depend on the results of the investigation america's aviation regulator the f.a.a. has joined a number of other national regulates real sources in grounding the seven three seven max planes until further notice affected airlines are facing mounting costs. south korea's k. pop sex scandal has claimed another high profile star twenty nine year old a young would join he'll ask quit the band highlight and apologize for his involvement in sharing nonconsensual videos of women having sex he is the third member of the ring to be outed after another singer joan june young admitted secretly filming the women on sharing the footage with other k. pop star. k. pop careers ending where they began in front of the cameras seeing your children young from the band drug restaurant hand himself over to police for questioning after admitting to filming sex with women and sharing the videos with other k. pop celebrities. i am really sorry to the public for causing concern i will fully cooperate with the i

. >> uk civil aviation authorities have ordered their boeing 737 max 8 grounded as well. >>> less than two weeks remain until britain is scheduled to leave the european union. it is still unclear whether lawmakers will agree to may's strategy. >> tonight members of this house are faced with a very clear choice. >> politicians have to come together and get their act together. the general public is sick of all this procrastination. >>> 2020. all eyes are or beto o'rourke but has the delay in making an announcement making a bid for the presidency? and then you have joe biden make weighing his options. >> run joe run, run joe run. >> flattery is fine as long as you don't inhale. i look out here and it looks like my ole neighborhood, ready to take anybody on. >>> we're learning explosive new details about the largest college admissions scam prosecuted boy the department of justice ever. prosecutors say 50 people are being charged nationwide in connection with a $25 million cheating scheme designed to get students into elite universities. much of the indictment ties to william "rick" singer,

fact in april sixty seven a month before i was born but this seven three seven max is a new explain the differences for us well the max is as you said it's a new airplane sort of the it's the follow on from the seven thirty seven new generation that's got a longer fuselage it's got. more fuel efficient engines it's got to be for your under kerridge the landing gear and things like that and it's really sort of the the hopes and dreams of boeing future because the seven thirty seven's narrow bodies which is a seven thirty seven and also the airbus a three twenty those are really the work courses of the aviation industry now. if you look at the numbers for more than four billion people flew last year and a lot of those people flew on narrow body aircraft are very good at point to point the airlines back into the gills and they really are the future of aviation especially in asia because you've got very short hops from vietnam to malaysia or singapore to to the philippines or something like that and those planes are perfect for it. we'll come to you taught in a moment because you used to work for boeing and this i

the session itself will center on the 737 max as well as this planned software update, which the companylans to submit to the faa by the end of this week. of course this is a software update set to resolve issues aviation authorities believe led to that crash of the lion air flight back in october when investigators have said that a malfunctioning sensor fed incorrect data to the system and of course the software system pushed down the nose of the plane while those pilots fought to correct the course of it. so this is a nation we knfix th could be finished by the end of this week. this is part of what we expect boeing to be telling industry stake holders at this open house and briefing today to maybe quell some of their jitters here. >> maybe a step towards making sure these planes are safe to fly. >> exactly. >>> coming up, the prosecutor who dropped the 16 felony charges against jussie smollett says he doesn't think the ak for actor is innocent. so many folks asking why then is he off the hook, why did it happen so suddenly? (client's voice) remember that degree you got in taxation? (d

restoring industry confidence in this product so we know that the session it will center on the 737 max as well as boeing's planned software update. the company plans to submit that update to the faa by the end of the week we have learned. this is a software update that is set to resolve issues that aviation authorities believe led to that crash of the lion air jet back in october. john, we do know while boeing won't be at the senate hearing today, senators do plan to call them to capitol hill soon to answer all of these questions. allison. >> jessica, that will be important to hear the answers to those, thank you very much. >>> so there is a stunning development in the jussie smollett case. why did prosecutors drop all of the charges? we will discuss that next. the pain and swelling. the psoriasis. cosentyx treats more than just the joint pain of active psoriatic arthritis. it even helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor

. >> reporter: word tonight that the 737 max in indonesia, as well as the ethiopian airliner, both of which moved dramatically up and down before crashing, lacked two available add-on safety systems which airlines have to pay for. the 737 max has a sensor on each side of the cockpit, which indicates whether the jet is level or pointed up or down. but boeing's anti-stall system, mcas, which forces the nose down and was activated in the lion air crash, relies on just one of those sensors to engage. airlines can buy an option which shows what both sensors are saying in the cockpit. and another option is a light to highlight if those sensors disagree.ckt. you shouldn't have to pay extra to get them both to talk to the pilots. >> reporter: boeing's software update, which it is rushing to complete with the fleet grounded, will now provide that sensor disagree light as standard, and will, in the future, rely on both sensors before engaging the anti-stall system. >> it was incomplete design that the original design relied on the pilots to take appropriate action. what we've learned from these

delivered thousand orders five thousand ordered you know it could be the boeing max question of fact the global travel industry well people are beginning to have second thoughts when it comes to traveling on these macs and there's numerous passengers that have requested to be rebooked on other planes when it showed that they were traveling on this airplane and i'm not sure of the announcement of a software update call that many nerves. still we don't know the reason of this most recent recent crash and just like an in-car travel people will have to get used to the fact that there's more automation more augmenting flight assistant systems here when it comes to air travel that potentially obviously also being. causes or areas where there could be errors that then again could lead to problems so they're more automation more digital influence in air travel is something that people have to be aware of and comfortable with if they do want to step on an airplane in the future i'm sure boeing's concern that might be a long road kristoff go before us today thanks very much and more on this topic in about ten minutes and the

they're from boeing what about this specific plane we said it's a seven thirty seven max what do we know about it well this plane is almost brand new it came out in two thousand and seventeen it's supposed to be more fuel efficient but it has been involved in two deadly crashes since it was released the early one being just at the end of october the india the lion air crash in just off the coast of indonesia that killed one hundred eighty nine passengers an initial investigation into the cause of the crash showed that it could have been linked to malfunction of an end ties stall system that was not announced to the pilots so what could have happened was that the plane was information from the computer system show that the plane was going into an ascent when it wasn't and force the nose to come down there's no information about whether or not this happened this error happened in any other planes seven thirty seven max but people are obviously asking those questions yet very troubling indeed what did boeing say after that first crush the lion air crash well they issued a software update but there was a

three major airlines continue to fly the max 8 jet, and then the max 9, as well.spoke with a number of passengers as they landed there at hartsfield jackson in atlanta. so who do they have to say, martin? >> reporter: brooke, we talked to passengers, they had been on a max 8 that had flown from las vegas to atlanta. everyone that we spoke to said they were well aware of the two tragic and fatal plane crashes. but many said they were not aware that they themselves were flying on the same kind of aircraft until they were on board the airplane and actually seated in their seats. they heard many of them say by the word of mouth from fellow passengers or they saw those emergency seat placards you that will find in the back of the seat in front of you that identifies the aircraft. and some passengers said it didn't bother them. others say that's when the anxiety really kicked in. as soon as we get, the lady said, there is the same plane that crashed. we're like, okay. she said, are we safe? the flight attendant said, well, i wouldn't be on here if it wasn't safe. >> i t

european council president speaking a short while ago well more on this topic now from correspondents max hoffman in a brussels for you and alex forrest whiting in the studio with me we'll get to her in a moment but want to give max the first word if i may a conditional extension that max o'donnell to us was speaking there from brussels where you are what you make of his reaction to teresa mayes demand for an extension to the end of june. you know we had to get some clarification from from our sources here in brussels to be sure to know what he actually meant to get into for taishan of what on the mend so what's going to happen is he is going to suggest what he just said to the leaders when they come on thursday to brussels for their summit meeting he will suggest that they're in favor of the short term extension until the thirtieth of june if the house of commons in the u.k. next week approves the already negotiated withdrawal agreement that they have already rejected twice if that does not happen then it gets interesting because then he at least that's how we read what he said he will c

today more there on the european airlines crash on the grounding of the boeing seven three seven max this well and i'm not sure if it's actually still there a little bit further down maybe there's been a story trending about yemen to do with a u.s. senate votes there. just dropped out of the top ten for now but luckily we're going to talk about it right now that's what's trending this those they are down to zero dot com. and for yet more information about this vote on yemen and something that's actually turning into an issue at the presidential campaign issue . as you said the u.s. senate which has a republican majority voted in favor of the resolution on wednesday to withdraw military support for the saudi coalition in yemen and when the votes were cast it was quickly noted that every democrat who's in the senate who's also running for president gave a collective rebuke of the president's foreign policy and yemen the ugly truth is that the united states is complicit in the deaths and devastation in yemen and we need to hold our partners and our allies accountable we need to end u.s. support f

max foster. >> reporter: well, we've now learned that she doesn't read the papers. engage on twitter. she's there for her public role and the causes she's out to support. >> again, it's our responsibility. we make a choice on what we click on. we make a choice on what we read, what we engage in. that is our personal decision to not feed into negativity. be be more cause-driven and action-based. >> reporter: this comes as cnn reveals the extent of it on social media. >> i don't read anything. it's much safer that way. but either way, that's my own personal preference. i think positive or negative, it can sound like noise. >> reporter: meghan was appearing on a star-studied panel including singer annie lennox and the former prime minister julia gillard. and the impending birth of her baby. >> we joking about basing this documentary on netflix. and one thing they said about feminism is i feel the embryonic kicking of feminism. i love that. >> reporter: the thought just dismissed the idea that feminism was just a fad. >> idea there's a headline saying feminism is a tren

faaan unced all boeing 737 max 8 and max 9 jets were being grounded as a result of new information being covered about that crash over the weekend in ethiopia, as well a a max jet crash in asia some months before. we c a tell you here the airport, that southwes s passengers aff did immediate rebookings and other airlines, too, to reshuffle their plans for the immediate future. this was a bit of a mess for passengers as thel spring tra season heats up. and for some yesterday, it was just too much to take. >>re you set? frustrated? >> not as much as the kids going to disneyland. thehere were kids crying on flight >> yes. that's the worst. >> reporter: the silver lining is that the passengers can rebook to get where they need to go. the airline is being flexible with the flit plans, too. saying the max 8 and max 9 jets only m up a small number of the fleet. it shouldn't have major impacts to flight plans going forward. if you are flying soon, it might be smart to checkithour carrier. >> justin, thank you. >>> we have an update to a deadly shooting we have been following for you. the woman killed in an apartment complex in hyattsvilgh tuesday nit, was s

. >>> federal prosecutors are investigating the faa certification of the 737 max gent as well as the ystem they may have played a role in two deadly crashes. ethiopian airlines said all of its pilots went through extra training required by boeing to find the max eight jet that was involved in the crash 11 days ago. the airline also said pilots were aware of an emergency directive issued to by the faa after the lion air crash which killed 189 people in indonesia last year. >> it was a connection between technology that may be new and training them might not have been ready yet either. >> boeing also says it will stop charging airlines extra for what has been an optional safety feature, a second sensor that can potentially detect an aerodynamic still. the pentagon is also looking to whether acting secretary patrick shanahan, a former boeing executive, used his position to improperly promote boeing products. >>> the governor missouri has declared a state of emergency as floodwaters rise along the missouri river. a makeshift levee broke in the town of craig, forcing evacuations there. you

growing around the world to ground the 737 max fleets and the statement from boeing, some of this is similar to what we heard from the company yesterday as wellfety is boeing's number one priority we have full confidence in the safety of the max. we understand that regulatory agencies and customers have made decisions that they believe are most appropriate for their home markets. we'll continue to engage with all of them to ensure they have all the information they need to have the confidence they need to safely continue to operate the fleets and to return them to service. the most important part of the statement is coming up right here it's also important to note that the federal aviation administration is not mandating any further action at this time, and based on the information currently available, we do not have any basis to issue new guidance to operators. that new guidance would be to ground it or just to continue flying so there you have it, guys it's going to be a day where perhaps we'll hear from more airlines, perhaps more countries. maybe we'll hear from the eu where they may ground more of these planes for now, boeing is saying i

crash in ethiopia and another in indonesia five months ago both involved seven three seven max eight planes as well from washington boeing is said that they're going to be issuing a software update to a particular system within the boeing seven thirty seven max so a lot of investigators here in the u.s. are looking at why if the problem was just a software upgrade did it take so long for it to the company to realize this and why wasn't it done previously now not to get too much into aeronautics here but this is a seven thirty seven max has very big engines for the size of the planes what boeing did is they moved the engines forward on the plane just a little bit and that causes the nose of the plane to go up just a little bit and so the company inserted what's called m cas maneuvering characteristics augmentation system it's fancy words for this computer system that would then bring the nose of the plane down the working theory is and this is only a working theory is that that is the system that perhaps failed at that might have led to the crash of the ethiopian airlines flight three zero two and l

max and the seven thirty seven max nine. well reynolds joins us live now outside the boeing factory in renton seattle rob it was interesting because actually a few american airlines were still flying this particular plane and they said that they had spoken to other airlines they had looked into at both incidents involving this aircraft and that actually they were happy that the way that they were flying the plane was safe so do we know if anything has changed that the president trying to make the statement. well we don't know the precise details of what may or may not have changed you heard the president allude there to a team of experts who are working on evidence we do know that just hours before president trump made his announcement the canadian government banned or grounded the seven three seven boeing max aircraft saying that they had done an analysis of satellite data comparing the crash of the lion air seven three seven in october in indonesia with the tragedy with ethiopian air over the weekend so that analysis led the ca

we did get that brazilian airlines have suspended its flights that use the 737 max as well saying that-- have been on account of that .rash we had a similar incident with lion air, the plane that crashed into the coast of -- of the coast of indonesia, killing everyone on board. we are seeing -- hearing from the new zealand aviation body that they are not grounding the planes used in new zealand. let's get you the first word news. research by bloomberg economics shows global growth at its weakest. knew gdp tracker puts expansion at 2.1% on a quarter on quarter basis, sharply down from 4% in the middle of 2018. the oecd adds to the sour mood saying momentum in the u.s., the u.k., and the euro area is slowing although there are signs that china is stabilizing. the week on the rebound as saudi arabia move to it -- to extended steeper supply curve and a power outage threatened production in venezuela. futures in new york rose 1.2 percent after falling last week. oil is trading in a tight range after rallying from december lows and -- amid opec driven output curbs. there are fears that it gl