joining us now to talk about all of this, phil lebeau who is covering the gm cross-ice fris day one. and also with us, collin langdon from ubs. so, phil, let me begin with you. you are just a few weeks ago the ceo of gm was saying that she thought that they were coming towards the end of this whole recall crisis. and now this. this is a big one. so what does this mean for her credibility? but also more importantly, what does this mean for the credibility of general metors? >> it means they're not clear to clearing out the potential cases related to ignitions, related to other quality problems and ultimately what this does is it calls into question the quality control at general motors. now this may be the last massive recall, suzy. but at some point, people are going to say when does it end? and there is no way of predicting that as we know from today's recalls. >> what do you by this that, collin? when do you think it ends? what about the pricetag they're putting on it so far? could the charges they're taking against earning goes even higher, do you think? >> i think if you look at t

right now let us bring in phil lebeau. the boeing 777 a very reliable aircraft. at that altitude the airplane would likely be on autopilot and it would take a mechanical breakdown of almost incredible magnitude to cause an event like this, would it not? >> that's one of the things they'll be looking at, definitely, brian. usually if you have an incident at that altitude where there's no contact afterwards, well, that means that there's something catastrophic happened. sometimes it's mechanical, but it would also indicate that perhaps you had a missile hitting the plane or you had perhaps a terrorist event on board the plane. too much of that is too easily to be speculated upon. as you're looking at pictures from the scene, we should note that the international air transport association has just put out a note saying that as best it can tell based on the information, there were no restrictions on the air space where mh-17 was flying at that time. that said, as michelle noted, there are a number of airlines that are now saying that pilots are being told, steer clea

phil lebeau is in chicago with the very latest. phil, a big day on your beat. >> huge day. tomorrow even big perp first start with delta today. beat the street by a penny. it's what the company said about where they are in the second quarter heading into the third quarter getting a lot of attention. delta earnings surged on strength in the u.s. and europe. particularly when you look at load factors for those two regions. passenger revenue increased 5.7% in the second quarter. expected to be up another 5% in the third quarter. and load factor climbing from just over 84% to 86.3%. that's why when you look at shares of delta, this stock is getting a half way decent run today as investors look and say we think there's more to come from delta. by comparison, take a look at shares of boeing. the dow components, it's been under pressure all day. despite the fact that it beat the street by a wide margin. people might say, what? beat the street? raised guidance? why is the stock under pressure? because of what the company had to say and the way in whichbeat the street pap couple cha

phil lebeau, "nightly business report", chicago. >>> the faa today extending its ban on u.s. airlines flying to te tel aviv for at 24 hours after another missile. the u.s. transportation secretary alex fox explained the reason behind the ban and another ban on u.s. commercial jets flying over eastern ukraine imposed last friday. >> we're continuing to monitor the situation in israel and other parts of the world. safety is the very first priority for the u.s. dot and faa. we will work in our government in the conversations that occur between governments continue. >> individual airlines in france, the netherlands and germany have all banned flights to israel but israeli owned airlines continues to fly between the u.s. and tel aviv. >>> general motors issued more recalls, toting more than 700,000 vehicles, none of the e new recalls are related to faulty ignition switches. one is to replace a bolt in power seats in some sedans. so far this year, gm has recalled more than 25 million cars and trucks in the united states alone. >>> and still ahead, the securities and exchange commis

phil lebeau has more. >> reporter: despite a rough spring filled with recalls, congressional hearings and federal investigations, general motors turned a small profit in the second quarter, officially g m's earnings were a penny below estimates. >> if you exclude the impact of recall campaigns that we booked in the second quarter, our earnings on year over year basis were up 20% with margins of about 9.2%. >> reporter: gm took big charges to handle recalls of millions of vehicles, including many with faulty ignition switches. one of them for $400 million covers a composition fund run by attorney ken feinberg. that fund will settle claims for dozens injured or killed in defective gm models. >> the $400illion estimate that we took in the second quarter is our best estimate based on the data available to us and using outside experts and outside actuaries. >> reporter: meanwhile at ford, steady business in the showroom drove the company to the most profitable quarter ever in north america bringing in $2.4 billion, that helped ford beat analysts estimates, but the good news also extended t

phil lebeau as more. >> reporter: this is a hot summer in downtown chicago. >> right now i'm saying we don't have enough inventory. we need more cars. >> reporter: it's familiar at dealerships around the country. over the last five years, annual auto sales have surged from just over $10 million to more than $16 million and with it has come a surge in auto production. third shifts have been added to assembly lines and all new plants are being built. that is adding so much supply of new vehicles, analysts are worried the industry is driving toward a wreck. >> we think we're adds back about 120 to 130% of the capacity from the downturn. >> reporter: that means more vehicles headed for showrooms. for now, there is enough buyers looking to replace an older car or truck, but as the supply of vehicles grows, some wonder if auto makers and dealers will start pushing sales by offering more generous leases and long-term loans. >> we think we're going from consumer attitude of i need to replace my car to i really just want to replace my car or i can't afford to give up this great deal given by va

phil lebeau has our report. >> for those who think demand for new airplanes can't go much higher. the international air show flies in the face of conventional wisdom, airbus is launching a new twin isle plane. it starts flying in late 2017 and is already requested by airlines seeking greater fuel efficiency. >> so far, we have studied how to reduce it, so it will be more efficient regarding shoe burn, lower capitol cost, higher maturity, reliability. so we have a market of better aircraft. >> reporter: with the backlog stretching beyond 2020, shows airlines remain hungry for new airplanes with lower costs. >> below historical averages right now, there have been some other deferrals and cancellations in the industry. i think others would have to answer to those trends, but we see ongoing strong demand. and we're going to produce to it. >> with several military jets soaring over the air show, many were hoping to see the lockheed martin f-35. the new fighter jet is still grounded while the pentagon tries to figure out why the f-35 engine caught on fire in late june. >> i'm confident

phil lebeau has more on the new fee and why airlines say this increase could keep people from flying. >> reporter: whether you realize it or not, when you fly, you pay to go through security. now, it's more than double what you were paying just a few days ago. the 9/11 fee has gone from $2.50 a flight up to $5.60. unlike in the past, there's no longer a cap on how much you might pay for a trip with multiple legs. >> i don't travel that much, but when i do, you know, i like it to be affordable. so, yeah, not good for people who travel a lot. >> i can nickel and dime my employer, it might work out. but yeah, everything just keeps going up. >> congress first imposed the tsa fee after 9/11. when airports had to beef up security lines, and thousands of officers were hired to check passengers, and bags. but over the last decade, the tax never went up while the tsa budget did. so congress has okayed a higher tsa fee that will generate another $16.9 billion. the excess money going to the federal deficit. for airlines, it's another tax they fear will hurt business. >> at some point customers w

we'll talk to an analyst in a minute about that, but first let's go to phil lebeau. what's going on with boeing? why is the stock sinks? >> it's the commercial side of the business, tyler. that's where the sentiment is focused for investors. a lot of questions about cash flow, the remainder of this year, particularly on the commercial side. that's why we look at shares of boeing. they've been under pressure all day long. at with you point the pressure let to about 20 points of the losses. most people are saying, look, it's likely staying in that territory for some time. on the defense side of the business, and yes, boeing gets a sizable chunk of its earnings from the defense side of the business. $7.7 billion in revenue in the second quarter operating margins of 7.5%. the military aircraft revenue of 3.5 billion, the backlog, by the way, when you hear people talk about the backlog, about pa% comes from the military side. as you look at shares of boeing over the last year, the thing to keep in mind is for investors, so much of what's happening with the stock right now

. >>> phil lebeau in maryland with the latest. phil? >> melissa, al little airline ad a little auto news. autos, don't look, we're on pace to perhaps see june auto sales come in at at rate that was better than may. not overall sales but the rate of sales trending at this point to come in about 16.8 million vehicles. again that would be the rate. the reason why -- all automakers, almost all of them, reported better than expected sales in the month of june. of the ones here, a couple stand out. chrysler, 9.2%. well above the expectation of a 5.9% increase. and look at gm. up 1% for the month of june. many expecting sales to drop 8.5%. that's the reason why you look at shares of general motors. they're fractionally higher today. anything he lost yesterday announces that recall or recalls for 8.4 million vehicles is all gone. look at shares of ford. again, ford generally has been trading in tandem with general motors. that's the auto news. now shift to the airlines. the reason we're here in baltimore today, southwest is starting its interna

phil lebeau covering the aviation front. michelle, tell me if there'sing in i don't know that you might? >> i can give you more details what the ukrainian interior minister adviser is saying. appears he's talking somewhere. we are seeing flashes hit the wires. he's saying, things we already know. a passenger jet. that there were more than 280 people onboard. gives more details about where he thinks it happened. torres, the city of torres, on the ukrainian/russian border in an area that has been a subject of strife. the d d d donnets region, say the that the plane was shot down. we don't know in that's true at this point and not able to trust everything that's come out of the ukrainian government in the past. interfax, russian news agency, also saying it was shot down. again, another questionable source at this point. he's saying it was shot down at roughly 33,000 feet, or 10,000 meters. by beuke missile. seen a missile like that in that region, or that kind of a facility in that region in the last 24 hours as well. and once

phil lebeau covers airlines here for us in the united states. so can this airline, phil, stay in business after two terrible tragedies in just four months, of course the other being the disappearance of that airliner, still missing over the indian ocean? >> i don't think it's going to you the of business, tyler. keep in mind, however that malaysia airlines, even before this incident and mh-370, which disappeared over the indian ocean, it was struggling to cut costs and to turn a pro. and now you've got the fact that they are fighting negative headlines around the world, which is obviously gonna hurt perhaps passenger load factors. maybe fewer people flying the airline. you've also gotten a lists questioning the financial options for this airline as a whole. keep in mind that in the first quarter, malaysia airlines lost $139.5 million and they've had three straight losses, three straight years where they've reported a net loss for the entire year and then you have passenger yields under pressure ever since the mh-370 plane disappeared over the ind

to phil lebeau in chicago now.y important point here that frank gaffney made earlier, and it is an obvious one, is that when a plane goes down, obviously you want to get to the black boxes first and retrieve them, you want to look at the wreckage. but because, phil, this plane went down in an area where the separatists seem to hold sway, who gets there first and who claims that information is really going to be critical to the investigation. >> absolutely. you definitely want the flight data recorders because that's going to tell you hopefully what happened in the final minutes there, unless we're talking about something that was so catastrophic that basically you have a flight data recorder that just says nothing. but what remains to be seen exactly what happens there. let's talk about a couple pieces of news that just came out, tyler. first of all, the department of transport out of london, department of transport saying that it has advised all pilots around the world to avoid the area in question. here's what bo

phil lebeau joins us with another exclusive guest. >> thank you, carl. in scott keio, president of audi and joins us from headquarters in virginia. scott, heard about the percentage sales for the month of june. people can't fully appreciate how far the company has come over the last three or four years. give me perspective from where you stand now? where is the strength coming in terms of the growing sales? bringing in from other brands or bringing these people, existing customer, and bringing them back? >> well, phil, i can certainly appreciate it. as you said, june, up 23%, and really, it is a conquest story. just to give you some perspective, in 2009, the entire year of 2009 we sold 82,000 cars. if you look at the first six month s of this year, 82,000 cars. the growth is staggering. seeing business come in from bmw, mercedes-benz, lexus as you expect, but the new car bringing in non-business luxury as well. it's really been a boom for us. >> talk about the a3 in a second. how much of the growth in sales is driven by leasing? by people saying, i want

phil lebeau, also heard from malaysian airlines? >> yes.g they've lost contact way flight going from amsterdam to kuala lumpur with 295 passengers. malaysia saying via its twitter feed it's lost contact with mh-17 from amsterdam, last known position, over ukrainian airspace. it says nothing else in terms of what might have happened with the airplane. interesting, carl, because we're getting information rather quickly. a lot unconfirmed at this point, but we know that malaysia is saying, they have lost contact with this plane. >> this was a 777-200. am i right? >> right. extended range. the ones in a, these do the longest routes and, you know, it's not unusual you're going to fly this from amsterdam to kuala lumpur. >> you mentioned the unconfirmed reports, and anybody who wants to go on twitter can be handed a bevy of theories at this early stage. people, though, are recalling every instances in which a passenger jet did crash over russian airspace, or near russian airspace. most infamously, kaal in the earl '80s. >> a lot of speculation. w

phil lebeau has the details. >> melissa, this is ignition switch related. not general motors this time. it is chrysler, chrysler says it is recall 7 into,000 cheap models, the 2007 and 2006 jeep commander and '05 to '57 ig physician switch. it's not saying these are defective switches. they are saying they believe there is the possibility the driver's knee could bump them moving them from the on position that would cut the electronics, the airbags, power steering, similar to what we have been seeing with general motors. there have been 100 complaints, one case an accident has been reported fought. injuries. what is interesting, the interesting thing to note is the ignition switch is not made by delphi in this case. this brings up a lot of questions of whether or not eventually there will be a movement to get rid of these ignition and go to push starts. you don't have the knee bumping into the switch. >> phil lebeau, tanks for. that that was the gm recall, he had heavy key chains, they would put it in. >> that was a part of the recall. anyway, not to make li

phil lebeau is in chicago. >> just look at the stocks, tyler. let's be clear.ody is saying that allo sales are expected to fall. they're expected to remain robust. in fact when the go into showrooms you'll see a lot of optimism cheer expected to come in at a snail's pace. about the fourth straight month of sales over 16 million, and when we talked with the dealership here in chicago, they said 9 problem is finding enough vehicles to sell quickly enough. >> i'm more concerned about not having enough cars. it'sing a long time since i've had that feeling, usually you go into it you have too much inventory, right now i'm saying we don't have enough inventory. i'm saying we need more cars. >> or do we need more cars to be build by the autoindustry? look at the surge in auto sales over the last five years. nobody denies this has been fantastic for the industry. what you don't see, however, is the auto production, which has skyrocketed since 2010. in fact automakers are planning to all roughly 3.5 million vehicles in north american capacity, a lot of that down in memb

cnbc's phil lebeau joins us with the details. >> they say strike when the iron is hot. this is the airline industry, you see the return over a year or some here's what's going on with virgin america and for the time on when they start trading or a price. keep in mind, they first posted its first profit last year. that's the first time they posted an annual profit just $10 million. it has to be funding the expansion of flights and route forget. remember, most of tear flights are in and out of spraens and lax. they plan to do more with the dates they acquired as well as in washington and reagan. itative got nice assets for building up their network around the country. look at the returns over the airline index compared to the s&p 500. if you heard the commentary out of san diego from richard anderson the ceo of delta or jeff schmeiseric, they're bullish on what to get from the third quarter or the industry should get from the third quarter. who owns virgin america? a lot like to say richard branson, that's not the case. cyrus capital. the vir jen group which is richard br

phil lebeau has the story. >>> for years we have heard people say are the batteries inside the electrice they safe in case there's a crash? the latest test will perhaps shed more light on whether or not they are safe in all crashes. that story and more, when "power lunch" returns. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. white chocolate loversividual. don't like dark chocolate. milk chocolate lovers don't necessarily like dark or white. before we couldn't really allow the consumer to customize their chocolate. we needed a scalable cloud solution allowing them to select what they are looking for. now there is endless opportunity to indulge. customization is made with the ibm cloud.

phil lebeau will be with us in a few moments. he go exclusive interviews at the air show. he will join us in just a second. >>> plus things on the streets of argentina got quite messy after that country lost to germany in yesterday's world cup final. we'll have the very latest on the riots. >>> a different kind of mess in the western and central u.s. that and more on the the cold front that's about to hit. hang on to your hats. we're back in a moment on "power lunch." in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back to "power lunch." check out shares of whiting petroleum. it's biding kodiak, now this deal will create the largest oil procedure in the north dakota bakken sh

. >> plus our own phil lebeau is raising a red flag over consumer reporters' demand for a car recalling'll join us when "street signs" returns. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. when you run a business, you can't settle for slow. that's why i always choose the fastest intern. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. >>> stock news, views and analyst recommendations. the first one costco getting an upgrade to buy, and added to goldman sachs conviction buy list. getting a pop on tha

let's bring in phil lebeau with more details on faa's movie. >> it's a controversial decision by the faa, but it's pretty clear when you listen to the transportation secretary earlier today. we are talking with the israeli government. for now they are not comfortable allows u.s. airlines to fly once again into tel aviv. here is what the ban amounts to. essentially it's going to be extended for up to another 24 hours, it could be pulled back westbound 18 hours, 19 hours, but could be up to another 24 hours. the faa is consulting with israel about the situation, and the airlines involved here, we are talking about delta, united, us airways operating under american. they're suspending all four of their daily flights there. here's the transportation secretary earlier today talking about this ban. >> we're continuing to monitor the situation in israel, other parts of the world. safety is the very first priority for the u.s.dot and faa, and our work within our own government and the conversations that occur between governments continue, and as the situation continues to evolve, we will sdw

phil lebeau, thank you very much. let's go to eamon javers in washington with breaking news. >> white house officials are briefing reporters even as we speak on potential new sanctions against russia. we're getting some wire flashes here and just starting to see some of the reporting on this. what we're seeing is the white house is saying the u.s. will adopt additional sanction against russia. u.s. expect significant european sanction against russia as well as from the united states. also we're seeing the white house expects the eu to sanction sectors of the russian economy. that's the national security adviser to the president in the briefing room right now briefing reporters on what to expect from this round of sanctions. we're also seeing that the president has asked for immediate unconditional humanitarian cease-fire in the middle east. that's obviously a significant new development on some of the misery that we've seen in the gaza strip with the conflict there. so a couple different things here on the white house

meantime, over to phil lebeau with breaking news for us. phil? >> andrew, boeing released its june and 2 it q commercial airplane delivery numbers, in line with expectations, roughly. maybe a little better. second quarter, boeing delivered 181 airplanes, up 7% compared to the 2 it q of last year. 342 year to date. increase of 11%. a lot of people focused on the dreamliners as they ramp up deliveries this year. boeing delivered 30 in the second quarter. 48 this year. the target is for 110 for the entire year. in june, really rampd up deliveries. remember, a surge line there delivering 15 dreamliners last month. there you have the boeing delivery numbers. also getting sales numbers shortly. those are the latest numbers from boeing. guys, back to you. >> phil lebeau with breaking news. >>> and stock looks up. talk, of course, about the much better than expected june job reports. pushing the dow over's 17,000 mark for the very first time. good news is good news, dan? >> the good news is good news for a long time now and i think everybody's focusing o

phil lebeau joins us with ford's cfo. >> carl, bring in the krcfo of e ford motor company in dearborn record profitability for any quarter in north america. how much was driven by stronger pricing? >> well, actually not so much by stronger pricing. the story in the quarter for north america was more around cost. we had really good cost performance, and we also had good profitability coming from our parts and services business. but as you said, a report, and very, very strong margin as well at 11.6%. >> meanwhile, in europe, you did something you haven't done in three years. that's turn a profit for a quarter. it wasn't a huge profit, but nonetheless, it was a profit. how close are you to saying, look, we think we're out of the woods in europe? >> well, we're certainly on track to profitability in 20120. the quarter profit, relatively small, you said, it's a signal we're definitely on the right track, and we're definitely going to deliver that profit in 2015. so everybody was extremely excited by that inside of ford. >> bob, are we clos e to a top for auto sales? you're forecasting a r

>> i think they did but we meant aluminum. >> phil lebeau joins us now. e must be -- they're probably unbearable, isn't he? has he mentioned it at all? has he brought it up or do i need to do that? klaus kleinfeld, chairman and ceo of alcoa. has he mentioned it? does he play soccer? >> we'll talk about germany and the world cup in just a little bit. believe me everybody over here in london has been talking about it. we'll ask about that in just a little bit. let me bring in klaus kleinfeld, chairman and ceo of alcoa. very happy not wearing german colors. let's talk about this $1.1 billion deal between you guys and united technologies, pratt & whitney, when you look at the aircraft engines, and the drive for fuel efficiency, where are we on that scale in terms of being able to wring out more mileage fuel efficiency from the aircraft engines? >> i think we're still going to have a lot to go forward. the a380 is just starting and we've got a little bit of dust here. so, the deal we sign today has a whole group of things. we're now moving into the fan blades w

phil lebeau, what happened? >> they've faulten to number five. that's what happened.cadillac is number five behind audi. what stands out? their competitors are all having great years. their sales are under pressure because of the increased competition, particularly on the lower end. the cadillac ats sales, meanwhile, you have the audi a3, the mercedes cla class, they're cutting into the ats sales on the entry level market, and then there is, well, one offering that has clearly missed the market this year. >> i worked hard, create your own luck, and you've got to believe anything is possible. >> remember this commercial? ed cadillac elr? we first saul it on super bowl, got a lot of airplay. well, they've only sold 39 on models this year, it starts at 75 grand. that's part of the problem. >> you think that's part of the problem, or the entire problem? >> the price? >> yes. >> well, the price and the range, i mean, if you're going to spend $75,000 for an extended-range electric vehicle, a lot of people are saying why don't you buy a model s? why spend it for an elr? >> i

gm missed its qe reports and our phil lebeau is live in chicago with more of those. g questions from general motors just a few minutes ago. ceo mary barra says i believe we have addressed the major outstanding issues when it comes to hunting for defects so it become as question of whether or not they can put this behind them. there is a certain impact on the performance in the second quarter. the company earning 58 cents a share, 1 cents shy of analyst estimates on the revenue side. here's a look at what the shares of general motors are doing today and like ford and other automakers, it has had problems moving beyond the 36.5 to 37 range. the company will be taking $400 million charge to handle the compensation program being run by ken feinberg. this morning, the ceo of general motors talked to us about that program and the money that they are putting aside. >> there is no cap on this program. ultimately, the cost of the program will be independently determined by ken feinberg and ken feinberg alone. the $400 million charge that we took in the second quarter is our be

companies show off their newest wares. >> planes, trains, automobiles, he does all this, and phil lebeau's in the middle of the action again this year. phil? >> reporter: hey, guys. here at farmboro, sure, airbus and boeing, their commercial airplanes get a lot of the attention, but it's the military jets, well, that's what everybody's looking for, and we saw plenty of them today. usual cast of characters were here from all of the major defense contractors putting on a show for everybody. but one thing that we noticed is what you didn't see. amidst all of the planes that were flying around, including a few unmanned military aircraft, you did not see the lockheed martin f-35. it was supposed to make its public debut here in farnborough, but it didn't. it's been grounded since an engine fire in late june in florida. that's just one of the latest problems facing the f-35. there have been cost overruns, lengthy delays. today we talked with the ceo about all of the criticism. she says this plane will eventually pay off. >> we have to have military superiority in order to protect our citizens. a

phil lebeau is joined exclusively by the ceo of lockheed martin. >> reporter: thank you. i am joined by marilyn here, will we see this fleet here in the u.s.? >> we are in a development program right now, so we are in the midst of dealing with a particular issue, but it is like any aircraft development program. we have worked with the issue and get to reboot and we are hoping to see it on the world stage later this week. >> reporter: and the reports that are defense officials looking at this say we have not found the root cause yet behind this engine fire. are you confident that that will make the final determination in the next day or two? >> i'm certainly confident they are going through a disciplined process. they always do. this is normal for any aircraft development program to go through a disciplinary process, get to root cause and we are very hopeful it will be in time for the aircraft to be here. >> reporter: this is the latest setback for at least partial setback for the f-35. many people look at this program and say, great potential but it's having trouble getti

phil lebeau is contributing to the story.to him for the latest developments on malaysian airlines plight 17 and perhaps the boeing aspect in this? >> we've reached out to boeing. an accident involving one of their planes will go and assist the ntsb or whoever the investigating agency is, in this case because of circumstances, bogue is taking a step back saying, we're ready to go, ready to assist but they need to be officially invited in by the investigative authorities and the ntsb, going there. we all know highway complicate -- how complicated it subpoena bring you up to speed. a report the missile had been fired by a russian separatist group, whether or not that is actually the final determination remains to be seen, but that report is out there. also, that flight data recorders, the black box and the flight data recorder, the loe s locations still unclear. reports they were in the hands of ukrainian or russian separatists, i should say. still unclear exactly where they are. finally, recovery of the wreckage may be limited

phil lebeau joins us with latest. phil?body thinking thicks are slowing down in the airplane tri, they would be mistaken on the news coming out of here today. airbus, announcing this morning anew wide body plane, a-330 neo, a plane 14% more fuel efficient according to airbus per seat than the current a-330, competing with 787 dream liner. people have said the market has had big business over the last several years -- excuse the plane plying over -- people have said is there enough demand? talked with boeing ceo jim mcnerney, sees no slowdown in the demand for not only wide bodies but all planes. >> we anticipated that the middle of the big airplane market was where the action was, not at super big airplane or the smaller wide bodies but right in the middle. that's what's happened. we've got 1100 orders for dreamliners spread across dash 8s, 9s, 10s. we've got the market covered and the market is there we think it's great. >> reporter: meanwhile, lockheed martin's f-35 getting a lot of attention, not because it's flying but

phil lebeau has been following the story all day and joins us with the very latest developments and what we know now, phil? >> tyler, what we know is the u.s. said that it was a surface to air missile that brought down mh 17 earlier today while it was flying over eastern ukraine. here is what was involved in this entire incident when you look at today. the number of passengers on board, 295 -- 280 and a crew of 15. it lost contact. the plane lost contact at 33,000 feet. there was no signals. it was clear whatever happened was catastrophic at 33,000 feet and surface to air missile is no longer a question. the u.s. government says intelligence confirms for them that this was in fact a case of the plane being shot down out of the sky, that's according to vice president joe biden. those were his words, shot down out of the sky. if you look at maps of the incident, it's clear as the plane went from amsterdam, we looked at the same maps from flight radar 24 an hour or later, all airlines flying around the air space of ukraine, not surprising given the fact shortly after this happens, almost ev