muilenburg, thank you for being here. following the grounding of 737 max, boeing stated in a cbs news report, safety and quality are absolutely out the core of boeing's values. speaking of, there is a culture we look into all issues that are raised. when the 737 max was being certified, when procedures were in place that there are safety concerns from designers, engineers, or mechanics were properly investigated and addressed by boeing. >> congressman, in addition to the specific updates that john will described on software and training which were an important part of that answer, we are also making significant restructuring of how we do our work. we have set up a new safety organization that will report to the new vice president, reporting to our chief engineer, creating a direct line of communication back to me. we have restructured all of our safety review boards within the company, so that they are elevated and again, provide more ready access, detailed access to safety data. and his safety concerns that our employees

muilenburg is an aerospace engineer that's one which makes me think maybe this is a guy that you want spite of everything that happened last week, in spite of what happened in the last -- in the last eight, ten months, whatever it is this is a guy you want do you need more engineers on the board at a company like boeing >> i don't believe we do i think we are -- we have an incredibly diverse board it's very strong everybody has a view and an opinion. we tap into it i personally tap into it on a very, very frequent basis. not just in board meetings but individually the safety committee chair admiral gene bastiani, one of the really terrific leaders, he has led an effort to study, look at, bring outside experts in to look at all of our safety practices across the boeing commercial and broadly across the whole company, and we have embarked on a program that will make significant changes to all of that. and i think he's doing it the right way. just one last comment, joe you may recall, you may recall in my life and leadership in the aviation business at ge and where we built the engines o

muilenburg? >> congresswoman, we have identified many of those challenges through to development program and some of those -- >> you've had issues in meeting them? this has resulted in the problems they bring us here today. >> congresswoman, i can't give you any specific examples and john do you have any? >> some of these agreements we work to make over the course of the five years and we provide a progress report on our progress. >> i'm not saying you're not making progress i'm saying the issue is black and white. >> there still time remaining for a legal obligation. >> within the last decade, boy has had to worldwide grounded of relatively new airplanes. seven 87 airliner and 737 max. encountered many compliance issues in the times where point paid that 12 million dollar settlement which was paid and has the faa and its financial penalties in released on boeing? >> in the 2015 agreement. >> were not aware of any additional penalties. the >> time has expired. we are now going to mr. crawford. >>

muilenburg. during my opening statement i mentioned an instant message conversation and then a series of e-mails. the instant message conversation was between the 737 max chief technical and a colleague and it expresses concerns about the operation of the mcas. boeing knew about this instant message for months, but failed to share it with the faa until recently. with regard to the e-mails, again, mr. forkner, the former max chief technical pilot calls for removing any mention of the mcas flight control system from the flight crew operating manual. he talks about jedi mind tricking of regulators, with at least one person who works for the faa. so with regard to the instant message conversation, when were you made aware of the existence of the november 2016 messages? >> mr. chairman, as i recall, i was made aware of that message earlier this year. it was discovered as part of a document gathering process in response to a government investigation. >> so it was after the crashes you? you were made aw

. >> do you think dennis muilenburg can survive >> i hope so. >> you do?ng hard. >> i think his chairman came out -- >> when was that >> oh, you saw that. >> yeah, yesterday >> i saw -- did you see some of the -- afterwards, becky, that said the crisp responses that calhoun gave to all the answers was in stark contrast to what happened in front of congress with the ceo. >> right. >> i was -- you know, we were part of the interview. that's sort of my take away, too. they were crisp, weren't they? >> absolutely. >> the stock was up -- >> he's a very talented individual. >> i think stock was up 8 or 9 -- >> i actually work with him at blackstone >> you're over there, too? >> yes, i have been for almost five years he's very talented and he's very committed to making sure boeing is successful. he's doing a good job. >> i think a lot of people are pulling for boeing. >> yeah. >> why wouldn't -- it's one of our premiere companies. >> yeah. >> the engineering that goes into those planes and the safety record over the past 50 years. >> it's amazing. >> it is >> and

dave hal calhoun on saturday said he received a phone call from dennis muilenburg -- on capitol hills and representatives, why are you being paid given the crisis involving the 737 max he didn't have an answer he said that's up to the board on saturday he called dave calhoun and said forget about my bonus and stock grants for 2019. also forget about them all the way until the max deliveries -- they're caught up completely which may not happen by the end of next year it could be early 2021 by the time they catch up with all deliveries he is -- his compensation question they have put that to rest at least for now. and don't forget, he is at deal book talking with andrew ross sorkin. >> it's interesting calhoun said it was a series of engineering decisions. what did he say in response to text gate, one of the most memorable emmoments in the hearings >> yes. >> why didn't somebody in the staff come running in with the hair on fire when they saw the texts. >> we did ask about the emails and whether or not this was a culture of oh not telling everybody everything, and essentially not a saf

lln't believe it. >> s muilenburg is stinging from congressman questioning his $23 million pay package>>s anybody at boein taking a cut or working for free to try to rectify this oblem. >> dennis called me saturday morning, 10:00. with a purpose of suggesting that he not take anyen cotion for 2019 in the form of bonuses, which is of course most of your compensation. >> almost 90% of dennis eamuilenburg's pay last came in the form of a bonus and stock awards. notnly is he waiving those for 2019 but fors long as it takes for boeing to catchat up on 737 max deliveries which mnt not happen early 2021. phil lebeau nightly business report. >> kate spade drags on t evidentiary where we begin the market focus with a company formally known ascheating earnings expectations but they did fall slightly below revenues forecast tha in part to global same store sales at kate spade which fell 16% but seeing the full year outlook above esmate. the shares rose to 26.9537 regeneron topped analyst estimates because of the stropping staled of dupe iksant and the drug ily. the stocks rose 7% to 332.60. and m

. >> and done everything right going's new chairman backing embattled ceo dennis muilenburg of the maxs. uber, shares falling stocks now 35% below the ipo price in may yesterday on closing bell, the ceo said he sees profitability as david said for the company in 2021 >> it was a very significant beat on the top line in terms of revenue growth accelerating and the bottom line. we increased our 2019 midpoint of our guidance and ebitda by 250 million. i'll tell you, while we haven't finalized our planning, and it is going to take a lot of hard work from a lot of folks, we're targeting 2021 for adjusted ebitda profitability full year >> sort of echoes of what lyft said last week street is mixed on this. i saw price target cuts and raises today. >> you got rbc saying that there is 1.7 billion shares about to be unlocked. web bushes is has 163 million, interesting there was a dispute on that. this is one of those calls, you're listening, good, good, good, good then you get to uber eats and you say what why are they in that business? why don't they cede that business that would make it so 202

how key is muilenburg as ceo to the investment thesis right now? there would not be good. and despite what -- i had a boss at lehman brothers who used to say, he or she is your person until they're not. up until the day you part company, they're on your team. same thing here. >> but they already made a sacrificial corporate lamb at the head of the commercial airplane business. they booted him. >> that's true that's true. now they're talking about, oh, don't worry, the ceo's not going to get a bonus not going to get a bonus?! >> muilenburg should not be gone now because you need his outreach with the customers, stability with the regulators, it's the worst time to do it so i'm sticking with him for now. and i have been looking for him, actually i had thought that somebody's head should hang high, like his. i've backed off from that. i think he should be there now and see it through >> chris, it's pretty amazing, when you actually look at shares of boeing, they're up year-to-date, despite all of this pain, everything that we've seen play out with the

muilenburg, did you fly in a 737 max prior to these disasters? >> congressman, i don't recall flying on a max prior to, no. >> mr. hamtilton? >> yes. >> do you have any idea how many times? >> i don't recall the exact number. >> once, ten times, ballpark? >> i could count on one hand. >> i flew on one i don't know how many times but i know at least once. before. my point is that there are all sorts of things that have come out including the text messages and other things that some folks have said this is a smoking gun. i'm going to assume that you all wouldn't have ridden on an airplane if you believed that something is wrong. is that a safe assumption? >> yes. >> so here's where i want to transition. so i talked earlier about all the reports that i did from memory. i think the only one i left out was the department of transportations inspector general's report. we've got outcomes of a number including ntsb, indonesian, we've got the boeing board and others that have come out. how do we know that this new process is actually going to have the int

muilenburg. >> the mcas originally is designed to operate outside the normal envelope and then that low-speed envelope that you have referred to again that is something that was tested and certified with the faa early 2016. you said you are accountable mr. muilenburg. what does that mean are you working for free until you cure this problem cracks their relatives are not coming back. they are gone. is anybody taking a cutter working for free to rectify this problem like the japanese would do? >> congressman is not about the money. >> are you giving up any money quick. >> congressman my board will conduct a comprehensive review. >> you are continuing to work to make $30 million a year after this horrific two accidents that caused all these people's relatives to disappear and to die you are not taking a cut in pay at all quick. >> again the board. >> see you are not accountable the board is accountable. >> your time is expired. >> mr. muilenburg did you fly on a 737 max prior to these disasters quic

>> i think muilenburg, i think he is fine.done as much as he possibly can do in the situation. boeing's really stuck in a hard spot here. they can't get access to the full information contained in the black boxes. they have got a congress that is, grandstanding on this issue. and their product is the one that is taking the hit, just hitting on the ground, not making any money for them. he is really in a tough spot. i think he was smart to avert a pr hiccup here by declining his compensation. dagen: it is more than a hiccup. these planes are still on the ground. boeing has, bringing them back into service has been delayed time and again, repeated delays in fact. boeing said it expects regulators will sign off on a package to get them back in the air with software fixes, approve new pilot training in the coming weeks but could his job be in jeopardy after they get this bird back in the skies so to speak? >> i don't know. i mean i think boeing has done everything they possibly could do after what has happened. i mean they have be

days and calhoun coming to talk to cnbc yesterday, muilenburg today. the read-through i've gotten from investors is maybe we're starting to near the end of the worst of this crisis, the fact that they're coming out speaking publicly this week, is that an interpretation to be had here? >> they certainly want to get ahold of the narrative they lost the narrative on capitol hill last week at the end of the day, what really matters to everybody is can they stick to this timeline? can they get it certified by the faa by the end of the fourth quarter? if they don't change that timeline, i think you see the stock at least stabilizing where it is, perhaps moving higher we have six, seven, eight weeks until the end of the year. a lot of things have to happen between now and that certification. >> phil, i hate that they even mention that they've given up a bonus, as if a bonus was guaranteed in the first place. it should be for good performance. >> right i hear what you're saying. >> it would be something to say if you were giving up part of your base pay but to

that's the issue with dennis muilenburg.of compensation are you going to give up. i personally don't love when lawmakers try to dictate the decisions of a private company, publicly traded but not government run, and muilenburg was asked are you going to give up any of your compensation, have you lost any compensation. so this is a way to try and calm the waters, if you will. i was looking at the stock before you called my name. the stock hasn't performed that badly year to date. year to date total return is up about 11%, 10% through the close yesterday. it's underperforming the market. but nevertheless, now he's got the backing of the new chairman, dave calhoun, said he's not going to receive a bonus but he's standing by, muilenburg, for the time being. neil: you always just wonder whether he's potentially dead man walking, though. i always wonder, the problem with boeing is that so much goes through him, he's been the guy, you know, prior to this he often would brag about being a very hands-on, detail-oriented manager. we h

. >> dennis muilenburg is the ceo of boeing. he was on capitol hill for a second dayte

dennis muilenburg says he will not take a bonus this year following two fatal crashes involving the company'st. mr mullen berger recently faced us lawmakers who accused him of his firm building flying coffins. he ordinarily received a $13 million bonus on top of his $1.7 million salary. the us coats imports of chinese goods by more than a quarter according to a un study. the organisation found the feud between beijing and washington cost $35 billion in the first half of this year and drove up prices for american consumers. well, they are trying to move closer to a trade deal but beijing is also looking to make progress on a long—awaited european union— china trade arrangement. and i could get a boost today when french president emmanuel macron meets his french counterpart xijinping. i'mjoined by monica miller. macron is going on a charm offensive? a huge part of his agenda on this trip is trade. and to give you an idea of the sins of the scope, he has brought a large business contingent with him that represent 30 companies, all of them have a strong interest in getting their products into the

. >> boeing ceo dennis muilenburg facing u.s. this week, pledging his commitment to safety before the senate commerce committee. >> we are committed to answering every question that regulators have, and the airplane will fly when everyone is convinced it is safe. >> you had a number of senators pressing on commitments to changing that relationship between the faa and boeing. obviously there was some sort of lapse in how that relationship worked. you did allow these two planes to crash. but while muilenburg talked about needing to get that balance right, needing to evaluate potential improvements, he was not willing to commit to real change. they are trying to make changes, but i don't feel any of these changes have real meat. until boeing takes accountability, but let us to this point where we have to make these changes. i don't think we have seen that yet. >> the bank of japan says interest rates could go lower if needed. walk us through what we learned, and what it means for the lower for longer conversation. >> there were no s

speaking at the "new york times" deal book conference, dennis muilenburg said the amount would be inhe tens of millions of dollars. he told andrew ross sorkin that he came to that decision in part after meeting with the families. >> i wish i gone to visit them earlier. we haveedeen foc ever since the accidents on understanding what happened,ve doingthing we can to fix the airplane, improve the max. we have been focused on working to make it the safest airplane ever to fly. but the personal element of this and the impac it's hadn families, you know it's reminded me of the importance of the work and we talk a lot about at boeing about the fact that lives depende on whatdo, rirltly. that should demand in incredible sense of excellent in how we do it. but until it's personal and you talk wh the families and really hear the personal stories, there is nothing else like that. that's going to stick with me forever. >> as we reported yesterday, boeing's new chairman said bonuses or equity grants for the year until the 737 max is back in the air and flaying safely. >>> time to take look now at

. >> boeing president and ceo dennis muilenburg testified about the safety of the 737 max airplane apologizing to the families of the victims of the lion air, and the ethiopia accidents. he was accompanied by chief engineer john hamilton. the commit heard from current and and former chair providing safety regulations. [inaudible conversations]

andrew has right now rometty of ibm, gorsky of j&j, later muilenburg of boeing upgrade of lowe's. warren responding to jamie dimon. a lot more when we come back does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. there are zero reasons to invest anywhere else. tell him we're flexible. don't worry. my dutch is ok. just ok? this man is very bendy. tell him we need this merger. he says he needs a hug. it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. that could allow hackers devices into your home.ys and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sit

dennis muilenburg will waive his bonus until the grounded 737 max plane is flying again.bird retains the confidence of the board and is seen as the right person to guide the jet back to service. max is boeing's best-selling jet but has been banned from the sky since march following fatal crashes that killed 346 people. shery: the union for flight attendants at united airlines says there must be a global consensus on the safety of the 737 max before its members will agree to work again on the plane. boeing hopes for clearance. e.u. regulators are looking at january for the earliest. the association of flight attendants says that if it is is confident the 737 max safe, the members will not agree to work. is planning airways a cochair agreement with indigo to follow more traffic to its networks from india. an official announcement is expected on thursday with the qatar ceo saying the move is not about buying a stake in indigo but merely a commercial arrangement. qatar airways is keen to expand in the indian market. plans for a new carrier have been frustrated over foreign ow

just capitol hill but a lot of the survivor relatives of people who were killed do not feel that muilenburgid everything right. the not so happily ever after ending that they are having for the session, first uber, stock record low down 37% from ipo price, this after posted a wider loss after the bell yesterday, the stock is dumping out by 8 and two third percent, the ride-hailing services lock up agreement that expires tomorrow, what does that mean, insiders get first opportunity to sell the stock, we shall see if they start jumping in and start selling. peleton, subscriber-base start-up, fiscal 2020 loss but also fail today beat quarterliest -- quarterly estimates, a loss today of 8 and a half percent. well, it's been real, real trying for the real, real, online luxury consignment pointing out authentication concerns over high-end items that it resells, we are talking about the louis vuitton purses and the gucci belts, et cetera, despite a beat and they raised the quarter, the stock is lower, the real real went public in june, below that there, 19.52, getting hit by 10% on the downside ri

and boeing ceo dennis muilenburg turned down his bonus until the troubled 77 max is flying again -- troubled 737 max is flying again. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. guy: thank you very much indeed. european stocks higher today, but only a little. over the last month in dollar terms, the dax up by 10%, outperforming the s&p, only up by 4%. backeans getting its mojo a little bit. this is bloomberg. ♪ vonnie: still with us, mike holland, holland & co. chairman and founder. have to ask you about the wework scandal, division fund throwing away billions of dollars in bailouts. is it times up? were you inspecting this would happen? how are we supposed to read the times right now? mike: this part of it is familiar from previous things that have happened over the decades. in the private equity market, that was the place where the most extreme, illogical valuations were. companies growing revenues rapidly, reported here, and we start with uber as one of t

. >> the reason i ask is obviously dennis muilenburg had a tough week in washington last week i thinkof is there a mistrust issue, whether with the airlines themselves or with regulators in washington and other regulators throughout the world, and whether there's more benefit to having a dennis muilenburg sitting in that role, especially given and trying to get this plane in the air because people like you trust him relative to the issue of where regulators may or may not sit. >> as i said earlier on, safety is obviously every airline's first, second and third priority it's important that the hard questions are asked. it's important that the hard question are answered. i think in fairness there were two difficult days last week for dennis he is work on trying to get those aircraft back in the skies. that's what's important to his customer. >> is that all you want is the aircraft back? do you need or expect compensation for what happened >> i think it's reasonable that airlines like ourselves would receive some kind of reimbursement for directly attributable costs but our -- >> what is

muilenburg's comments. i also want to state heavy weekly -- we have a weekly meeting june report on whether they are potential safety issue or not. >> so the max issues are not issues that exist with your 737s, 800s, 900? >> no. >> that is correct. >> let me ask -- i know the house side was looking at this issue as we focus on the tragic 737ons learned from the max accidents. should we also take the time to ensure the other 737 models that are receiving less attention now are nevertheless continued to be safe and to take the opportunity to look at the faa certification process on those to make sure that that is not bedeviled with some of the challenges we are discussing with regard to the max? would you agree that as an opportunity to not just focus on the max but the overall process to reboot the focus, both of your company and the faa, on safety? areenator, i believe there a number of independent reviews underway right now looking at the broader certification process. we support that broader look. >> mode

lawmakers say boeing's ceo, dennis muilenburg, did not provide complete testimony when he was on capitol hill last week. leading members of the house say he left a lot of unanswered questions about the 737 max 8, adding their investigation has a long way to run. it was consistent with a culture of concealment and opaqueness. from brazil say top managers received an anonymous email warning about the safety of its mining two weeks before one collapsed and killed almost 300 people. dow jones says authorities are looking at the ceo's response, where he pursued the identity -- the january disaster was the deadliest incident to hit mining in more than half a century. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ready. -- i am ritika gupta. this is bloomberg. heidi. -- haidi. optimismwave of trade sweeping through markets as they are considering removing chinese tariffs. china is said to be reviewing locations in the u.s. where president xi jinping would be willing to meet with donald trump to sig

. >> this is the -- some is something dennis muilenburg said in front of congress and boy, did he ever on that, we're at a crisis, that was wrong. i -- this is what they always say. you know board comp. a guy on the comp committee, what does he do? for x, y, z that guy is making x, we have to give our guy x and so then it becomes just a self-fulfilling prophecy i wish that they had interviewed brian moynihan they have so many people at bank of america who are paid six figures. which is a good living but, yeah, compensation is a little crazy >> yes and they do have people on the comp committee who are -- and/or not necessarily on every board, but certainly there is cross pollen nation in terms of ceos on the board it is in their interest to make sure it is important that the metric used for executive comp are the right ones that has been a focus of activist investors are we focused as shareholders -- how should you judge how well management has done simply on eps? no most likely not. return on invest to capital. all sorts of different met ric s metrics. >> why didn't -- >> the numbers a

muilenburg. >> you're the ceo.f responsibility. >> were any cdc employees ever told stop using that phrase, climate change? >> not to my knowledge, but we did discuss it. >> what are some of the most vulnerable areas here in the u.s.? >> florida. the entire southeast coast. >> now that you've scared the bejesus out of us. >>> as they bring the city their first world series, national fans were going crazy. >> the last time a world series was won here, cbs didn't exist yet. >> i want to go! ♪ >> gave me a very nice sticker. i'm going to put it on my desk. >> we were literally asking you, you still get up at -- >> 3:23 4. but i love it. >> you love getting up at 3:24? >> no, i'm saying i love the job. i don't love getting up at 3:24 at all. it's actually crappy. i could think of another word, but i won't. >> diplomatic of you. >> get ready for an extra hour of sleep sunday. >> yay! >> lady diana, who is the executive producer of this show, said when you're dealing with the oven, the oven doesn't change. >> yes. >> app

flight attendants' union sent a letter to muilenburg after his testimony, saying the 28,000 flight attendantson the plane when recertified, they said we want assurances this plane is, in fact, safe these are some of the 737 maxes that are grounded. remember, about 500 of the planes were in service or had been built, they're waiting to be recertified as for when they're expected to fly, american, much like united and southwest, moved it to next year american has it off the schedule until january 16th boeing still stands by return to service target of the fourth quarter. by end of the year, get a signoff from the faa when they greet the planes back into service, boeing is compensating airlines and perhaps some flight's ten dants or pilot unions. put aside $5.6 billion how much they exactly pay each airline or union remains to be seen >> all right, phil, thanks quite a story as the max saga is far from over. phil lebeau. >>> when we come back, fitbit shares are surging google is buying them for $2.1 billion what it means for both companies. "squawk alley" starts in three minutes. as a principal

phil >> paul ryan, this came out in a letter that the flight attendant's union sent to dennis muilenburgol hill earlier this week and essentially, what they're saying is, we want to make sure that this plane is safe when it's certified before we get on these planes and, you know, wait on the customers, help the customers out. there's 28,000 flight attendants, according to the letter, working for american airlines, who refuse to walk on to a plane that may not be safe. we should point out that american, like other airlines, they haven't been flying the max since it was grounded back in march. they've got, what, a number of these that are parked around the country. 24 altogether. off the schedule until january 16th just a week ago, after they reported earnings, doug parker, the ceo of american airlines was on "mad money" and said, we fully expect when the time comes that this plane is certified, that boeing will make good and make up for the money that we have been cost by not being able to fly this plane. certainly flight attendants and pilots are part of that equation, as well. quickly,

the chief executive dennis muilenburg will not accept his bonus for 2019.have had some modest influence on the stock which is up four bucks right now at $355. >>> look at shake shack. ouch. cut its sales forecast, warning of slower growth ahead. the stock is down 17%. taken to the cleaners. shake shack. >>> two items for you on airbnb. very exciting company. they are banning party houses. that follows five people being killed in a halloween shooting that was in california. and they are working with the state of hawaii to track down vacation rental operators who owe back taxes. our guest got some money into airbnb, not at the very beginning, sort of midway through the fund-raising process. but you've got money in there now. >> absolutely. stuart: now, they are trying to straighten themselves out with the regulators before they do an ipo. they are trying to ban party houses, catching up with back taxes, that kind of thing. you think they're doing a good job? >> they are. they have been working with the regulators for a long time. it's been city by city, tryin

. >> between muilenburg's comments and air bnb sits down and breaks the news as we are sitting there, he is changing the whole company's policy kim kardashian and kris jenner show up and kanye is with them then i think i should ask kanye a question i give him a mic and he starts answering. and reed hastings made some comments >> this turned into one of the biggest things the cnbc deal book conference. can we take credit for it? >> we are all having fun together >> i take some satisfaction, some pride in my colleague >> that's so nice. heart warming. >> i'm taking these tapes. >> so much surprise. such crap. right kyle >> kyle on the camera. >> coming up, get ready for the trading day. we have a run down of the earnings and the data that could move the markets in today's session. "squawk box" coming right back >> announcer: today's big number, 75%. that's how many s&p 500 companies have topped earnings expectations so far this earnings season. better than the long-term average of 65% geico makes it easy to get help when i need it. with licensed agents available 24-7, it's not just easy

uncertainties, boeing for example, and whether the 737 max or their business is going, the ceo muilenburgwhat are you doing, d. do you think he should go? >> well, i'm not intimate enough with the details of what happened. i do think boeing is a very, very strong company. they're doing very many good things, not just with commercial aircraft, but in outer space, all kinds of sectors. so i'm sure they will pull their act together. neil: would it be doing better, secretary, without him? >> i think with a company that large, it's very dangerous to personalize it to one set individual. boeing is an enormous company. neil: absolutely. but there are signs that he either ignored or missed key concerns and warnings about the 737 max. obviously he's been stripped of the chairmanship and now everyone is going after this. when you look at the deal, the economy, manufacturing is a key components of that -- >> i think that's up to the boeing board to make that decision. they're the ones most intimate with the details. congress likes witch hunts. we've been seeing that with the impeachment. any time a

there was a moment where phil confronted dennis muilenburg, reminded me when cronkite went to vietnamwar boeing is losing the war here. and i just am very concerned that this is a pile-on at this point. i don't know about the 737 regular. i have doug clarker, he didn't mention a problem with that. and that's american and gary kelly from southwest didn't mention anything about it. boeing has to get this -- i mean, boeing has to get this behind them. i don't know this was a very tough week for what i regard as america's greatest company >> hey, jim, real quick, and i apologize, i don't know if you're seeing this crossing the wire as well. >> fitbit in. >> elizabeth warren -- no, we saw the fitbit news. i think it is still halted i'm seeing elizabeth warren proposing a $20.5 trillion in new federal spending for medicare for all program this is apparently financed by taxes on businesses and the wealthy. just -- >> leon leah >> -- not -- >> apple buybacks too. >> you spoke to her about her plans before. >> lee's letter, let's not be incendiary, it is not an incendiary letter. he's debating