the new boeing version is a 747-8, with the tail height of a six-story building. the four-engine plane has to meet a very specific size, weight, electrical power, safety, and security requirements. the air force has budgeted $2.7 billion for two planes. but experts estimate an additional $1 billion could be added for manufacturing costs. the pentagon says canceling the order, there could be significant delays in replacing the aging fleet, and it would drive costs much higher and cause real safety problems. >> next -- >> i'm putting joe in charge of mission control. >> the cancer moonshot lifts off. vice pres. biden: i think it's possible. >> can the nation go full throttle -- toward soledad: for some of us, or maybe most of us, we're in the thick of the year's most stressful season. so we wanted to end with a little hope, namely two stories that say we're not as divided a nation as we fear. vice president joe biden was on hand and clearly moved as the senate included a tribute to his late son in what's known as the moonshot bill. sen. mcconnell: that's exactly wha

the new boeing version is a 747-8, with the tail height of a six-story building. the four-engine plane has to safety, and security requirements. the air force has budgeted $2.7 billion for two planes. but experts estimate an additional $1 billion could be added for manufacturing costs. the pentagon says canceling the order, there could be significant delays in replacing the aging fleet, and it would drive costs much higher and cause real safety problems. >> next -- >> i'm putting joe in charge of >> the cancer moonshot lifts off. vice pres. biden: i think it's possible. >> can the nation go full throttle -- toward a cure? would you say no to a lot more money? [excited scream] you just won a million dollars! no thanks. nice balloons, though! or no to more vacation days? janet, i'm giving you an extra week's vacation! oh, ah... nooo. what? no way. who says no to more? time warner cable's all about giving you more. like the most free hd channels so you can binge all day. call now. and don't forget the free tv app. get ultra-fast internet with secure home wifi to conn

boeing tells its employees more job cuts will be coming in the new year. cuts will sum cum from boeing's commercial airplane unit which faces fierce competition with rival airbusly boeing hit by a drop in new orders. the company will start reducing head counter by leaving open positions unfilled. it will then offer voluntary buyouts. it will turn to layoffs only as a last resort. boeing operates a large plant in delaware county. >>> stocks managed minor gains yesterday in a quiet kickoff to the preholiday trading week. right now futures pointing to a higher open. no major economic reports scheduled for today. janet yellen says the u.s. job market is the strongest it's been in nearly a decade. the federal reserve chair told graduates that the university of maryland that the prospects for college grads are particularly good. yellen said jobs created by globalization will be filled by people with college educations. while the unemployment rate has fallen to four pinterest 6 percent it's just 2.6 percent for college grads.

the new boeing version is a 747-8, with the tail height of a six-story building. the four-engine plane has to safety, and security requirements. the air force has budgeted $2.7 billion for two planes. but experts estimate an additional $1 billion could be added for manufacturing costs. the pentagon says canceling the order, there could be significant delays in replacing the aging fleet, and it would drive costs much higher and cause real safety problems. >> next -- >> i'm mission control. >> the cancer moonshot lifts off. vice pres. biden: i think it's possible. >> can the nation go full throttle -- toward a cure? >> can the nation go full throttle -- toward a cure? at perdue, we take some unexpected extra steps... >> can the nation go full throttle -- toward a cure? ...to raise healthy chickens with no antibiotics ever. like putting oregano in their water. it has natural antioxidants and we don't have to use antibiotics in their diet. perdue. over 200 products. at perdue, we take some unexpected extra steps... to raise healthy chickens with no antibiotics ever. f

the new boeing version is a 747-8, with the tail height of a six-story building.ery specific size, weight, electrical power, safety, and security requirements. the air force has budgeted $2.7 billion for two planes. but experts estimate an additional $1 billion could be added for manufacturing costs. the pentagon says canceling the order, there could be significant delays in replacing the aging fleet, and it would drive costs much higher and cause real safety problems. >> next -- >> i'm putting joe in charge of mission control. >> the cancer moonshot lifts off. vice pres. biden: i think it's possible. >> can the nation go full throttle -- toward a cure? i'm hall of famer jerry west and my life is basketball. ving me at a higher risk of stroke. that'd be devastating. i took warfarin for over 15 years until i learned more about once-daily xarelto... a latest generation blood thinner. then i made the switch. xarelto® significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. it has similar

we are following news. boeing now responding after president-elect trump comments on cancelling a contract for two new air force one planes. >> the plane is out of control. we want boeing to make money but not that much money. >> within a half an hour president obama is set to land in tampa for his own road trip making his last big speech on national security. you can see him getting on his plane there in louisiana. a heated news conference as officials explain why now and not earlier did they charge the man who shot and killed an ex-nfl player in an apparent road rage incident. in california, the search back on for victims inside a burned warehouse as the building's manager breaks down in an emotional interview. >> i'm only here to say one thing. i am incredibly sorry. i didn't do anything ever in my life that would lead me to this moment. >> we start in the world of politics. let's get to our team on the ground. my fellow road warriors, kristen welker in manhattan. we have nbc's kasie hunt in capitol hill and ch

lockheed martin shares dropping about 2% on the news. boeing shares moving higher. tement boeing says it has committed to working with the president-elect and his administration to provide the best capability, deliverability and affordability across all boeing products and services to meet our national security needs a spokesperson for lockheed mart be declined to comment to cnbc. president-elect trump melt with the ceos of both companies at mar-a-lago during his vacation on wednesday. >> working overtime. >> pr teams, traders, you name it. as we discussed earlier, you know a bit about this. the f 18 from boeing, not considered up to technological speed as the f-35. that might be a challenge. >> when i was growing up, the blue angels were still flying those. i think they still are. it gives you an idea of the age of the jets. >> i'm wondering, it boeing a valid competitor here for this? is this going to be an issue that affects lockheed martin's business? >> it's all a negotiation. >>> turning to wall street, bridgewater associates looking to change the management ga

well, earlier today, he wrote, "boeing is building a brand-new 747 air force one for future presidents costs are out of control, more than $4 billion. cancel order!" well, how serious is trump's threat to boeing? msnbc's ali velshi joins me now. ali, you've got a potpourri of stories tonight, we're counting on you. the boeing, is there some -- i think boeing -- i thought it had a monopoly on these big planes in the united states, unless you go to a foreign source. how does he threaten them? >> generally speaking, the american president drives an american car and flies an american plane. there are lots of airplane manufacturers. boeing's biggest exert is airbus. air force one doesn't cost $4 billion. it doesn't cost anywhere close. a fully outfitted air force one, which is a very complicated plane, not just a plane. most of the electronics and the security stuff is what costs the money, about $1.7, $1.8 billion. they build two of them at a time. so donald trump saying it's $4 billion was in typical fashion something of an exaggeration. it may have been triggered by a speech given by the

this morning he tweeted, boeing is building a brand-new 747 air force one for future presidents, but costs are out of control. more than $4 billion. cancel order he said. the president-elect talked briefly to talk to reporters in the lobby of trump tower and he was asked about his air force one tweet. >> i think it's ridiculous, i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. >> the new air force one planes would go into service afternoon 2024. that means mr. trump would not fly on the new planes unless he wins a second term. but the air force wants it to stay on schedule because the current planes are not in good shape. >>> joe biden is not ruling out a run for cabinet he miled and told reporters he was running in 2020. when reporters asked if he was kidding, he said he was not committed not to run. he said, quote, i learned a long time ago. barack obama gave what is likely his last major national security speech today. he traveled to mcdill air force base in tampa, florida to deliver the speech. in it he defended his

downgrade boeing is lower after the president-elect tweeted that "costs are out of control for the new boeing air force 1." " cancel the order." turning now to why the energy sector is the worst drag. oil down for the first in five days after the opec supply cut last week.out interestingly, after that deal was cut, news came today that production just hit a record for of 34.6 one million barrels million 34.61 barrels a day. looking at g #btv 399. in blue, the xop. in white, the uso, and oil etf. -- s have it appears investors would rather own oil companies rather than oil it self. mark: love that chart. i was going to do it myself. european equities rising a second consecutive day. the stoxx 600 all by one half of 1%. like in the u.s., oil down. down 1.4 percent. today, the highest level since october 24. it is too late to change the rally in european cyclical shares. that is the view of deutsche bank. check the utilities. this is shares of eon, the german utility. up 4.4%. it is surging. rwe surging. germany's top court ruling these utilities are titled -- entitled to compensation for reduct

more news from boeing or involving boeing. iran said it sealed the deal to buy 80 jets for about half the announced price of $16.6 billion. boeing and airbus both signed contracts to supply commercial planes to iran. these were the first deal since international sanctions were lifted under the deal to curb iran's nuclear program. we haven't heard anything from boeing in terms of the overall cost of the deal or the revenues that will accrue to the company over time from selling those planes. i'm still trying to figure out what the actual price of air force one really is. the ceo of boeing last week did say it won't be $4 billion. that's only because the president-elect said $4 billion but nobody else had ever said $4 billion. but that did come from the company itself. >> was that like a manufacturer's suggested retail price. but also does it involve service? there are other things that boeing gets over the life of a contract. very difficult to figure out what's being counted. >> and how common is it to get discounts on large bu

what he had to say about boeing's new air force one. the chairman of the milwaukee county board weighs in on an audit looking at the quality of medical care at the jail... the questions raised because of four train has arrived in wauwatosa just a short time ago. the train makes stops all-over--- raising money for local charities. tonight -- the train will continue on to hartland, then watertown, and its final stop for the day is in president-elect trump is making another stop on his "thank you tour" tonight-- heading to north carolina to greet voters. before leaving-- mr. trump met with another slew of potential hires... while also blasting boeing airlines for the price of a new air-force-one. fox's joel waldman has more from washington. trump says: "i think it's doing a little bit of a number." making a surprise stop himself in the lobby of trump tower today, the president-elect taking issue with boeing, criticizing the american company's plan to charge, what he said was four-billion-dollars, for a new air-force-one. boeing responding,

boeing's stock into a slide today. the president-elect said he plans to cancel the contract to build new air force one presidential planes. boeing currently has a $4 billion contract to build at least two new planes. they were scheduled to go into service around 2024. today trump told reporters the much money. the air force has been looking to replace these current presidential planes for a long time. the current planes arrived in 1990, so they're nearing the end of their useless lives. the air force says the plane parts are also becoming obsolete. it's costing more money every year to keep the aircraft flying safely. the new boeing planes would be more fuel-efficient and have added safety features. >>> the california, warehouse where 36 people died says he was only trying to provide a place for struggling alterists to leave. derick almena and his family and dozens of others lived in that warehouse for the last three years. the city says it wasn't up to standards or zone for residential living. >> i'm only here to say one thing, that i'm incredibly sorry and that everything that i did bring people together. people didn't

the president-elect denounced the iran nuclear plan in the past and has yet to comment on this new boeingeal. instead, taking a second swipe at boeing's contract for air force one on fox news sunday. >> make good deals for this country. i don't need a $4.2 billion airplane to fly around in. i don't need that. >> reporte >> for more, ali ruzi in tehran. what do you hear about this deal and the president-elect and some of his language? >> reporter: the deal is significant. it's a massive deal. biggest commercial deal between the united states and iran since the 1979 revolution and the tomorr storming of the u.s. embassy. they had been complaining not seen any tangible results from the nuclear deal. borrow all of the planes from boeing which they really needed but what remains unclear is if this deal will remain airborne under a trump administration. he's been fiercely critical of iran and the iran nuclear deal so it all remains unclear whether this will continue later on down the tline. there have been groups against the deal saying boeing shouldn't have sold these planes because it will ul

. >>> it appears that boeing might be able to build two new air force ones after all. you'll remember that trump blasted the price tag of $4 billion for the new planes. boeing's ceo met with trump today and emerged saying he's committed to working with trump to lower the cost. >>> back in our area, authorities continue to investigate the whereabouts of missing marine lance james. he disappeared the night of december 2nd after getting into a fight at the hideaway tavern. police say he started walking back to his apartment a few blocks away. james served two tours of duty in the middle east. his family says he returned suffering from ptsd. >>> chester upland superintendent is moving on. he submitted his resignation effective next month. he was hired three years ago with hopes of turning around the troubled district. in that time reading levels did increase as did enrollment and attendance. however chester upland is still in financial trouble and still under the control of the state. >>> the new man in charge of new castle county police is making history. the lieutenant c

jon: president-elect trump doubling down on twitter threat to cancel the new boeing air force one overoncerns, there is word boeing executives told trump's transition team that the price could be adjusted if the government agrees to reduce requirements for the plane. but the whole incident is raising fears in the defense industry nationwide. joining us now marcus wisegerber, global defense one, as you wrote about the airplane and the costs associated with it more than a year ago before it was apparently in donald trump's crosshairs. you point out it's not the plane that's expensive, it's all the toys, the bells and whistles that the government needs to put on it. >> exactly. this is a flying mobile command center in the sky. it's not something that's gold plated with lavish toilet seats or something like that. it's a military command center. it is a boeing 747, but it's completely stripped down after its built and completely redone inside, all the wires hardened to withstand electromagnetic pulse from a nuclear attack and has special communications that allow the president to communica

new, or were they in the works already? >>> air force stun. the president-elect also shocks boeing by calling for the cancelation of a deal for new jets to carry future presidents. is he cutting waste or good-paying jobs? >>> touting his legacy. president obama visits the u.s. military central command and gives a speech defending his strategy on the -- in the war on terrorism, a strategy donald trump's pick for defense secretary has called a mess. >>> and un checked. kim jong un's hackers accused of a cyber attack on south korea's military and the worst may be to come. the former chairman of the house intelligence committee is worried about the threat north korea's regime poses to the u.s. >>> i am wolf blitzer. you are in "the situation room." >> announcer: this is cnn breaking news. >>> this hour's breaking news, donald trump touting a new deal. he says will create 50,000 jobs here in the united states. in a rare appearance before cameras in trump tower, he praised a japanese ceo for the deal. earlier on camera and also on twitter, the president-elect took on boeing, calling for

details on the cancellation have not been released, however delta said it will take delivery of new boeing jets through 2019. yvonne: no asian billionaire has done better in 2016. has risen 4.9 billion dollars, a jump of 52%. soaredfited as mittal along with the price of steel. alibaba jack ma is worth more than twice that. betty: a good year for the billionaires in 2016. [laughter] anchor: there is a lot of billionaires in hong kong and saudi arabia. saudiong set to host the aramco ipo. the city should keep the title as the number one venue for share sales in 2017 however, with limited tech deals coming up, investors should not be getting too excited in hong kong. bloomberg gadfly columnist -- is that surprising? >> in a way, yes. when you look at it, hong kong raised around 25 billion dollars, and new york, just 14 billion, so it is a big difference, but at the same time, hong kong is home to a lot of company listings from china, and these listings are huge. for instance, postal savings bank of china rates all went $8 billion, so that is a lot of money. you don't see a lot of those big l

we want boeing to make a lot of money but not that much money. >> the u.s. government ordered two new air force ones from boeing to be ready around 2024. but the military has asked the company to speed things up because defense officials say the current presidential planes are getting too expensive to repair and maintain. both have been in service since the early 1990s and have a shelf life of about 30 years. the two new air force ones are set to be updated versions of the 747. the contracts for them were initially supposed to cost about $3 billion over the course of ten years but the pricetag has reportedly been getting bigger. president-elect trump has his own plane, trump force one. a boeing 757 with golden seatbelt buckles and bedroom and flat screen tv. after the inauguration, government officials will expect him to travel in air force one loaded with communication equipment. transportation officials say he once owned stock in boeing but sold it in june along about all of the other holdings in american companies. we believe that's new information, sold off all of his stocks in am

we are following news. boeingow responding after president-elect trump comments on cancelling a contract

he threatened to cancel a multibillion dollar contract for two new presidential planes from boeing. mr. trump first announced the news on twitter, sending boeing's stock sliding before it bounced back. in the meantime, a spokesperson for donald trump says the president-elect sold all of his stocks in june. that sell-off could help alleviate concerns about any conflicts of interest involving gun -- the spokesperson did not offer any proof of the president-elect's stock sale. >>> the man who allegedly gunned down a former nfl running man is facing charges tonight. ronald gasser was arrested in new orleans monday. he is accused of shooting joe mcknight during an apparent road rage incident. police say gasser fired three shots, each hitting mcknight, who was unarmed. sheriff newell norman was highly criticized for not charging gasser sooner. >> those who have criticized the men and women of this organization in the strategy, decisions that we made relative to that. tough. >> the sheriff also read off some racist hate mail messages that elected officials have received for backing his deci

he said, "boeing is building a brand-new air force for presidents but costs are out of control. cancel order." the planes that president obama uses are getting old and boeing signed up to build the new ones this year. here is how trump responded to reporters' questions about history in the lobby of his new york skyscraper. president-elect trump: well with the plane is totally out of control. it is going to be over $4 billion, the air force one program. i think it is ridiculous. i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. ok, thank you. reporter: trump has not specify the source for his claim that the new planes would cost $4 billion. the white house has said the figures are at least questionable. work on the new planes has not yet begun. brent: thank you very much. in other news, a senior come under -- commander of a ugandan militia blamed for tens of thousands of killings has portrayed himself as a victim of the group. at least that is what he said in the trial, which got underway today. dominic ongwen pleaded

the president-elect spent much of tuesday criticizing a government contract with boeing to build a new air force one. trump tweeting, costs are out of control. more than $4 billion. cancel order. it's unclear why trump attacked boeing, america's largest exporter or where trump even got that hefty price tag. boeing says it currently has $170 million development deal to study the new aircraft. >> i think boeing is doing a little bit of a number. >> reporter: trump also touting his dealmaking skills claiming credit for a month-old pledge by softbank to invest $50 billion in the united states aimed at creating jobs. details of the deal have not been released. >> masa, great guy of japan. he's pledged that he's going to put $50 billion into the united states because of our victory. he wasn't investing in our country. $50 billion. 50,000 jobs. >> reporter: staying largely on message, a more controlled trump promising to fight terror and increase military spending. >> in my first budget report to congress, i am going to ask for the elimination of the defense sequester. >> reporter: trump offi

we have breaking news on boeing. hil lebeau is here with the news. >> interesting news especially in light of the iran air deal announced yesterday. boeing cutting production schedule of the 777 from seven per month to five per month starting in august of 2017. this is widely expected by most analysts although there are a few who thought i'm not sure they are going to cut the schedule next year. boeing has been sort of forecasting that this is likely to happen. boeing cutting production schedule fraup seven per month to five per month. by the way, they say that they anticipate the iran air order going through as part of this reduction. if that deal gets scuttled somehow look for the production schedule potentially to drop further. >> that is what i was going to ask. when you read about the iran deal are these 777s part of the planes? they through are two different types? >> there are 80 planes all together. 50 of them are 737 max and other 30 are variations of 777. >> how important stht 777 program? >> they have a nex

my idea with the, what you call it with boeing news i like the boeing news much more than the softbank news because this, this shows you "the art of the deal." if you read the "art of the deal" you know trump is a great negotiator. this is like a play from that playbook in the "art of the deal." it is the walkway. boeing, you're not going to -- melissa: i love the walkway. >> see ya. that is what it trump doing. he is exhibiting that i think is very, very good. i love this news. melissa: i love the walkway. you have to be willing to walk away. connell: always be willing to leave the negotiating table. a story that brings, this is kind of interesting, kind of business and politics together today. google is, hiring essentially. google's had, like any secret, friendly relationship with the obama administration. probably would have in a clinton administration if they had gotten that far. they're hiring and looking for a quote, conservative outreach manager this is true. i guess they want to cozy up to the trump administration, right, guys, to push their agenda. i guess, gary, that nowhere

. >> president-elect donald trump says he doesn't want boeing to make so much money off the new air force one. we have responses from boeing and the white house and a look at how this could impact defense stocks. "closing bell" starts right now. >>> hi and welcome to "closing bell." i'm kelly evans at the new york stock exchange. >> that makes me bill griffith. mr. trump announced a deal with softbank, the ceo there, they will have softbank invest $50 billion here in the u.s. sprint shares are popping on that news. we will have more on that story that could create as many as 50,000 jobs here in the u.s. >>> financials are up again today. bb&t up nearly 20%. the ceo will join us with his thoughts on the incoming administration. >> and then after the bell trump friend and adviser billionaire tom barrack will tell us how president-elect donald trump is handling u.s. businesses. his view coming up. >> so much happening on that front. >> let's go to president-elect's call to cancer order for air force one. phil lebeau has the latest. >> before the opening bell there was a tweet from president-

. >>> in corporate news, boeing reaching a $17 billion deal to sell 80 jet liners to iran.his is the first major transaction between an american company and iran since donald trump was elected more than a month ago. the deal was first announced in june and officially sealed yesterday. u.s. companies, including boeing, began to talk to iran earlier this year after a nuclear court removed sanctions on tehran. but there are questions about whether president-elect trump could look to stop dealings with the islamic republic. meantime, europe's airbus is reportedly close to finalizing a deal to sell dozens of passenger jets to iran. >>> now back to global market views on concerns about the stability of the eu that was a human theme this year. how should investors prepare for next year? joining me is the chief strategist to talk more about this. the dlaollar strength is a concn for investors and what it does to u.s. stocks next year, which of the companies across the u.s. have the highest exposure to international earnings we should be focused on? >> well, i mean, when looking at

details on why the country says it will pay half price for new boeing planes. a force to reckon with. we have the weekend box office report that you must see next. sandra: welcome back, futures right now, they are searching for some direction here as we slowly kick off this week. you are looking at dow futures up two points. nasdaq up 3 and a half points, we are looking at a few stocks on the move this morning including apple, apple stock trading up in the premarket on report that is the company is working on a new 5-inch iphone in 2017, larger iphone plus in case you were look approximating for that size. and also tesla owners can get back on the roadaster than ever in 2017. the company unveiled super chargers, reenergize the car in five minutes. russia now says it located the first black boxes on military plane that crash intoed the black sea this weekend killing all 92 people on board, cheryl. cheryl: recorder could help investigators identify the cause of sunday's crash, all 92 passengers and crew were killed in route to syria. the flight crashed minutes af

controversy over air force one threatening to cancel a multi-billion dollar contract for two new presidential planes from boeing. mr. trump first announced the news on twitter sending boeing stocks sliding before it bounced back, meantime a spokesperson for donald trump says the president-elect sold all of his stocks in june and that selloff could help alleviate any concerns about any conflicts of interest. however they did not offer any proof of the president-elect's stock sales. >>> folks in the poconos are waking up to the first significant snowfall of the season. that means that's good news for the contractors, and also good for the ski resorts getting ready to open for the season and not everyone loves the snow. >> would like to see it out here right now. >> i don't like to. >> tell us what you really think. >> my thoughts exactly. i'm with her. >> penndot worked through the night to make sure the roads were salted and safe for the morning rush. >>> you're looking at video from last january's blizzard in norris town. >> i'm remembering it and not liking it. the burrow was crippled and local leaders don't w

let me begin with the news jessica went through, this boeing news. jessica, walk us through this, because a really fascinating twist is the fact that the former ceo jim mcderny of boeing up until about a year ago is actually on a team set to advise the president-elect after inauguration on jobs and the economy. >> yes, that is an interesting twist. ways happened here is boeing reportedly got the contract to start preliminary work on a new fleet of air force one aircraft. this is on two jets. this contract for this preliminary work started in january. and says it was initially for $25.8 million. but the air force actually planned to spend a lot more. estimating at one point, $6 million. so that was a huge dichotomy in the number there. this is also an interesting story because you see the power of a tweet. let's bring up that tweet one more time. i want to tell you what happened to the stock price once he tweeted that. he said boeing is building a brand-new 747 air force one for future presidents but costs are out of control. more than 4 billion. cance

bay area business news, boeing, the aircraft maker has just bought the south bay company that makes thesebotic sail boats called wave gliders, a company called liquid robotics. at first scientists were using these to measure ocean data, temperatures and currents. someone figured out they could also be used to track airplanes overhead which would be invaluable in places around the world where there's no radar coverage. out don't realize it when you fly, guys, but when you're out there to europe or asia, there's a point where air traffic control has no idea where you are. these things do and i think that's why boeing snapped them up. >> makes sense. have you covered by air and by sea. scott mcgrew, thank you very much. >>> automakers getting an early christmas gift. the insurance institute for highway safety is announcing the top safety picks for 2017. >> half earned a higher ranking, top safety pick plus. awarded to good crash prevention features like automatic braking. toyota has the most 2017 models on the list with a total of nine. honda has five. you can read the entire list on our web

. >> and some breaking news. boeing is planning a deeper cut in production next year.is the company's second-biggest source of profit. boeing plans to slow output of its twin engine model. that starts in august of 2017. that is a drop from a previously announced cut. that is what you expect early next year. they are trading marginally lower. this is bloomberg. ♪ ♪ hasoldman sachs president accepted the job as chief donomic policy advisor for from. that's according to the truck transition team. he has been whether 25 years at the investment bank. trump is i'm former presidential rival college arena -- carly fiorina. she met with them in new york. >> we talked about the opportunity that the president elect has do reset things. to reset the trajectory of the economy, reset the role of government, to reset the role of america in the world, how we are perceived. i think that is why he's getting such fantastic people in his administration. >> he is mated with another former presidential rival as well. former texas governor rick perry. he is a candidate for energy secretary.

starting with this fox news alert, donald trump picking a fight today with boeing as transsis meetings roll on today. good to be with you this afternoon. so president-elect trump surprising reporters today. we usually see people going in and out of there, he came down, the elevator doors opened, and here is what he said. >> we talk about a lot of things to a lot of people. we is a v a lot of people coming up. doing very well. >> that was not the main point why he came down. the short list for secretary of state keep getting longer. so today we have the exxon ceo meeting with donald trump today. we learned something easy about mr. trump's investment. sort it out for us if you can. >> we learned that mr. trump dumped all of the took he owned for every company back in june. it became a topic of conversation because he picked a fight with boeing. a company he used to own shares of until a couple months ago. he thinks they're way over budget while building the new air force one. building a high-tech new plane and they don't think mr. trump understanding the nature of the deal, but it turns

he said boeing wants to spend $4 million to make the new air force one. e boeing company says they don't know where that number came from and says they'll do what they can to, a, make a good airplane for the next president and do it as efficiently as possible. jake, certainly an interesting series of events at trump towers. donald trump is quite literally through his showmanship unique to himself is trying to show he is creating jobs and bringing investment. we have to look at the fine print of all these details, of which there is none at this point. >> joining me to talk about this and more is vice president-elect mike pence. thanks for being here. >> good to see you. >> election day was four weeks ago today. congratulations. >> thank you very much. it's very humbling. it's hard to believe it's already been four weeks, but in many ways it, for all the progress we've made in the course of this transition, which is moving at an historic and a record pace -- i mean, this transition actually is now -- it's been certified that we're -- president-elect trump is

he tweeted, boeing is building a brand-new 747 air force one, more than $4 billion. cancel order! john gillham has worked at boeing for 30 years. >> the way he is talking about bringing back jobs, now he is taking them away. that's being a little two-faced. >> mr. trump's tweet came just 22 minutes after the "chicago tribune" posted an article highlighting the differences between mr. trump's position on trade with china and that of boeing's ceo. >>> there is still no clear indication of what caused last week's oakland warehouse fire that killed 36 people, but investigators are looking at whether a refrigerator or another appliance may have been involved. they do not believe the fire was deliberately set, though. a local state of emergency has been declared so the city can collect state and federal funds to cover the cost of the fire. danielle nottingham has more. >> reporter: crews have now searched most of the warehouse that was the site of a deadly fire on photographer. workers using heavy equipment to knock down unstable material on top of the roof line. to assure victims' famil

new tonight, boeing selling 80 commercial airplanes to iran, made possible by last year's controversialuclear agreement, which trump has denounced. this is the biggest sale by a comp t republican since 1979. the president-elect yet to comment, instead taking a second swipe at boeing's contract. >> i want to make good deals for the country, i don't need a $4.2 billion airplane to fly around in, okay? i don't need that. >> that was peter alexander reporting. the president-elect says he doesn't need daily briefings. but a year ago, trump criticized president obama for allegedly skipping the briefings. trump accused obama of not reading the intelligence briefings, but fact checkers say that claim is false. >>> and heading home fresh after a close win from the eagles, that was a beautiful win. >> yeah, it was a beautiful win, they needed it after they performed out in arizona just a week ago. you know the redskins didn't make up any ground, they didn't kirk cousins, they finally found the rhythm in the second half against the eagles. the defense took a lot of heat this season, 21 seconds to

boeing is building a brand new 747 "air force one," he wrote. "costs are out of control. than $4 billion. cancel order." >> i think it's ridiculous. i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. >> reporter: the two planes that currently serve as "air force one" are more than 25 years old. they are the last 747-200 series passenger jets still in use in the united states. the air force contracted with boeing last year to begin designing two or three replacements, slated for completion in 2023. mark rosenker oversaw upgrades to "air force one" after the 9/11 attacks. >> it is cheaper to buy a brand new aircraft, bring it into the 21st century, than to try to maintain an aircraft that was built in the '80s. >> reporter: it was unclear what triggered mr. trump's comments today, but his tweet came just 22 minutes after the "chicago tribune" posted this article, highlighting differences between mr. trump and boeing's c.e.o. when it comes to trade with china. the president-elect has also signaled a preference fo

the new ones boeing were going to make was going to cost in excess of $4 billion. $4.2 something billion at the time. now an indication from the ceo of boeing that they have come to an agreement to bring that price down a little bit. we don't know how much it will go down. we don't know what is coming of the lockheed martin meeting that mr. trump is having with the ceo there, who is also come under some criticism for f-35 contract that donald trump is also criticized for being a bit excessive as he tries to use examples like this to send home the point that this can be a little bit excessive here. again, exacting at least a concession out of boeing. but again, how much is anyone's guess. again, this air force one contract which was reported to be in excess of $4.2 billion, we're just told it won't be that high. charlie here on that and what to make a finger wagging moment for the president-elect. charlie, what do you think? >> well, you know, neil, this is definitely unchart er eered tery for a u.s. president. generally you don't see president-elects come in there and start renegotiating

earlier, he tweeted boeing is building a brand new 747 air force one at a cost of more than $4 billion. cancel order. >> i think boeing is doing a little bit after number. we want boeing to make a lot of money, but not that much monday. >> i the air force awarded the contract. s area owe space company in january, siting obsolete parts in the current fleet and increased down time. two or more new planes would go into service around 2024. the original contract was for $3 billion, but costs are reportedly rising, as for comment, boeing spokesman said we're going to have to get back to after we figure out what's going on. mr. trump comment this morning, continue his pattern every calling out us companies. over the weekends, he tweeted that companies that move operations out of the country will face a 35% tar i have. but today on msnbc morning joe, vice president elect mike pence declined to endorse the plan. >> so are you for the 35% tariff? >> let me go back to the intervening part. >> are you for the tariff, though? >> well, i'm for us putting everything on the table and negotiations. >>

as for 2 stocks in the news, boeing and lockheed martin, after president-elect donald trump tweeted yesterday that he -- ks boeing should it caused going to pop higher and lockheed martin to drop. boeing has been trading in mixed fashion today. as analysts weighed in, including one military analyst, he says it is bizarre and late to the game and irrelevant. it is interesting to see how this shakes out. interesting about these stocks out of the election -- we look 1318.btv lockheed martin in blue, boeing in white, since the election. people thought donald trump's defense spending would be great. boeing, steady climb higher. now we are seeing a reversal. curious to see whether or not that reverses in the year ahead. some are thinking that the trump trade could reverse. right now we have boeing up more than 10% since the election. lockheed martin still up about 4%. as for defense spending, this is another great chart in the bloomberg. #btv 1034. since obama has taken office, 200e seeing a bit of a dip, billion lower than the high. this may suggest that it could come down. perhaps we have seen so

new a ... he was elected to a second term. he may never even fly on these. boeingng a brand new 747 air force one for future presidents. the costs are out of control. more than 4 billion. cancel order, exclamation point. >> you can imagine being a cooperative executive in the age of trump twitter feed wondering if you are next. in the inner circle this is to me. and i don't have insight into donald trump's brain at 8:00 this morning it seems to me likes negotiating from a position of strength. and he likes corporate america to be on watch and for them to say, you know what? i better be nice to this guy. i better make some concessions to this guy. it seems to me that this is a negotiation tactic. >> there is speculation this is in response to a speech by the ceo of boeing where he talked about democrats and republicans and had rhetoric that wasn't positive for trade and commerce issues. this is the statement from boeing today though say we are currently under contract for 170 million to help determine the capability of complex military aircraft that serve the unique

you saw the tweet last week where the president said boeing is building a brand new 747 boeing for futurepresidents but costs are out of control, more than $4 billion, cancel order. that took a big bite out of boeing's stock price. today's agreement will support tens of thousands of u.s. jobs, congressman rick larson from the state of washington where boeing is based, of course, also hitting that issue saying this deal is good news for washington state, will help support the thousands of good-paying jobs in my district that rely on trade. you see two big issues there at stake, one the president elect's insistence that he's going to dismantle the iran nuclear deal that will open up to potential trade deals if the deal stays in place and that's competing, of course, with you see right there the president elect at carrier and indiana saying he's other big priority is to save american jobs in the case of carrier roughly a thousand jobs as you noted at the top, jenna, boeing said this trade deal if it goes through will create a hundred thousand american jobs. jenna: interesting comparison, tha

force one planes are nearing the end of their 30 year life span so it is time to get a couple of new ones. boeingdy signed a deal to bid the new -- build the new ones. they are under a $170 million contract right now but the budget is quite a bit larger than that. we're in the process of doing the r&d necessary to build these things. they need to be flying fortresses but also comfortable for the president and his family, and able to accommodate all the needs that he might have. there really is a lot that goes into that. julie: is there any sort of wiggle room on cost for things like that? rick: there may be, but not a lot. the most recent edge it figures -- budget$3.2 billion figures put it at $3.2 billion. cost $229 themselves million. there is so much more that goes into that including the r&d for all of the technology that these things need, and so the cost really does get pushed up. that $4 billion number is plausible. mark: it is not the first time that he has tweeted about boeing . i think it was back in february. rick: he mentioned a factory they are building in china. companies like boein

new air force one. it all started with this tweet quote boeing is building a brand new 747 air force one cancelling new . trump doubling down at trump tower. >> i think it is ridiculous. i think boeing is doing a little bit of a number. >> a little bit of a number. boeing fighting back claiming the contract is for $70 billion. the white house chiming in on the deal. telling reporters quote the statistics have been sited shall we say don't appear to reflect the nature of the financial agreement between boeing and the department of defense end quote. the white house pointing out the new plane, actually two of them recommended by national security advisor mr. trump and future president. >> paying to protect offering new york city $7 million towards rising security costs toward trump tower. that's far less than the 35 million mayor bill de blasio actually asked for. de blasio says protecting the future first family is straining police resources and finances and it should not be put on the tax payer. the 7 million will go towards covering nypd ore time. >> he lost his career for mishandling information while

went to boeing and said can you develop us up a couple new generation of 747s. ing gave them a contract of $700 million to research and development. further develop these. no air planes from been constructed. when trump found out the total cost of the program was going to be $4 billion he, he took to twitter to say cancel the whole thing. boeing says it is trying to keep costs down.nts these aircraft's we will see where it goes. trump continues search for secretary of state rex tillerson exxon mobil ceo ducked in the back door. didn't get any pictures of him. this is indication trump is not going to stick with politicians or military leaders as potential secretary of defenses to reach out to the business community to do that. also met with another businessman created 100 billion-dollar technology fund. he plans on spending according to donald trump 50 billion of that in the united states that could create some 50,000 jobs. one other piece of business that we expect to hear about the next 24 to 48 hours. terry branstad, the governor of iowa is the top con tender.

a few weeks ago, donald trump threatened to cancel the order with boeing for the new air force one, andg's ceo said today's meeting went well. >> i was able to give the president-elect my personal commitment on behalf the boeing company. we work on air force one, because it's important to our country. and we're going to make sure that he gets the bet capability and that it's done affordably. >> trump also recently tweeted that the costs of lockheed's f-35 program are, quote, out of control. >>> a bipartisan senate report calls on congress to take action to prevent big price increases in decades-old prescription medicines that have no competition. the report wraps up a year-long investigation. republican senator susan collins said the solution is not having the government set drug prices, but instead the report laid out several steps that can be taken, which include incentivizing generic competition, allowing for the importation of drugs in some cases, and preventing co-pay coupons from being misused and increasing transparency on drug prices overall. >>> the white house said today nearl

when trump discovered the price tag, he blew up on twitter today writing, "boeing is building a brand new747 air force one for future presidents but costs are out of control. more than $4 billion. cancel order." the president-elect suggested boeing is playing fast and loose with military budgets. >> i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. okay. thank you. >> reporter: trump today continued his search for secretary of state meet with exxonmobil ceo rex tillerson, first time he brougadened his horizon outside of politics for secretary of state. his vice president-elect insists trump is simply looking for the best person for the job. >> he's going to listen to on an ongoing basis a broad range of counselors, a broad range of candidates. i'm very confident he's going to choose a secretary of state that's going to be able to carry the trump agenda, putting america first, onto the world stage. >> reporter: as the president-elect continues his quest for a top diplomat, questions tonight over why trump took a phone call from