. >> reporter: meanwhile,ur treas secretary steven mnuchen weighed in on the max controversy and what president thinks of the beleaguered plane. >> i think as you know the president h said he is concerned about the 737 max. qu he frankle thinks they should bring back the 757 and look at selling 757 rs. orter: boeing is not bringing back the 757. in fact, it stopped building that plane in 2004 and reviving it would cost billions of dollars. instead, the focus right now is on getting the max backn the air by the end of the year. phil leau, "nightly business report", chicago. >>> you just saw jim corridore in phil's story there. he's industrials analyst for cfrg research. joing us to talk abo what he believes to be the best and worst case scenarios for boeing. welcome back. >> thanks, bill. >> let's start with theest case scenario. what do you think it is? >> best case scenario isve theye close to having the software ready to go. they bring it to the faa sometime early in september. the faa, who is at boeing's side imrough the whole process, in theators with boeing, approves the planes a

. >> reporter: treasury secretary steven mnuchen warned congress today that the government could run of cash in earlyef septembere lawmakers return from summer recess. as a result, mnuchen called on congress to increase the debt ceiling before they leave. now, if lawmakers don't, the u.s. could be left unable to pay its bills and forced to default on its debt, aop catasc scenario that both sides say they are determined to avoid. now, congress has been at work on a broad deal that not only lifts the debt limit but increases the caps on federal spending to prevent painful budget cuts. previously they thoug h they until late september or even october to reach a deal, but the warning from treasury has set off a scramble to get the job done in just a few weeks. >> we're having our back-and-forth conversations, but we understand ohe value that. we also understand how important it is for us to lift the caps so that we can meet the needs of the american people, and we're having those conversations at the same time. >> reporter: there had been a flurry of phoneet callsen mnuchen and pelosi ove

steven mnuchen taking aim at amazon as the retail giant gets ready to report results tomorrow we will you fupor the big report much more "fast money" right after this is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ ♪ >>> welcome back to "fast money" facebook making a big reversal in after hours that's all coming down by as much at 1.2%, now down about half a percent the conference call is under way. let's get to julia boorstin for details. >> reporter: melissa, facebook shares moving into the red on cfo saying that the company expects advertising revenue to decelerate in the fourth quarter and going into 2020. he is saying it is partially driven by ad targeted related headwinds and uncertainties. saying they expect full year expenses to grow 53% to 61%. that is adding the 2 billion additional cost to the full ft

the tax issue and more about the regulatory issue that's come up via libre, conversations with steven mnuchen't want to own bitcoin five years, forever, and there was a g7 meeting where crypto was a huge topic. is there any anxiety you have the g7 were to come together and say, you know what, guys, this bitcoin thing and other cryptocurrency where it is harder to track, where some of the fundamentals behind it are actual about undoing the monopoly that fiat currency has, we're going to make it very difficult in g7 countries to even get on a coin base or what have you and what that therefore does to the value of this? >> well, let's be very clear i was in the house last week testifying in the libre hearing and one of the things i want to make clear is bitcoin has been regulated in the united states for the last six years the technology and the network itself are a public good much like the internet. all of the companies building on bitcoin are regulated based on the fact of what they do the way the irs got the information of all of these crypto holders is through a john doe summons it sent coi