this number has been slashed by 50% on the brand-new boeing 787. ana's main competitor japan airlines has adopted a similar strategy. both companies believe an increasing number of budget travelers will opt to fly with low-cost carriers. but there's another reason behind the disappearance of the 747 in japan. the country's airports. to use such a large aircraft it is essential for airlines to have a hub airport, as they have to sell a high number of seats for it to be viable. currently, there is no such airport in japan. in germany, lufthansa is betting heavily on two of the world's largest commercial aircraft. the latest model of the boeing 747, and the massive airbus a380. one of the company's executives explains why. >> we have to see the position of frankfurt and also our hub in munich, and maybe in zurich, vienna also in the lufthansa group system so we have a possibility to connect a lot of european cities from these huge hubs, which means if you compare this with tokyo, tokyo is not a hub like frankfurt when it comes to servicing so many neig

the boeing seven forty seven is the basis of today's aircraft. it's where everything is again from instrumental in the cockpit to the navigation equipment the sun and forty seven s latest theory is this concert is set to keep flying with many more years. not going to lose you. company officials here say they've decided to do away with two cats because of a change instead. don't pick them up. we're now focusing on high end accustomed to the so called premium class travelers the number of international flights from tokyo japan at the airport has just increased dramatically in the months that a pillar of our strategy is to take advantage of the airport's convenient location to attract business customers and to develop a solid network on the seven forty seven gmt use to allocate two hundred and fifty seats for economy class passengers this number has been slashed by fifty percent of the brand new boeing seven eighty three he and his main competitor japan airlines has adopted a similar strategy. both companies believe that increasing number of budget

businesses which collectively support in addition 1.5 million jobs across the country. boeing significant cogitation to the u.s. economy today and for the past 100 years is a result of the ingenuity of our highly skilled employees. in the vetting each step of the way they develop the most thought -- sought after project and technology and will. approximate $3 billion of research and development per year. the bulk of our innovations are protected as trade secrets. because of this, trade secret protections are vital to securing boeing's intellectual property. boeing does not have one recipe for its secret sauce. we have thousands of trade secrets that are critical to maintaining our unparalleled success. unfortunately, always valuable engineering and business information is at significant risk. once public disclose, rights and trade secrets may be lost forever. investments wiped out in an instant along with a competitive vantage those trade secrets provided. of course, boeing is on constant guard to prevent theft of our trade secrets but the discoveries cannot simply lock their

the boe rate decision as well. "on the move." ♪ [inaudible] . . >> welcome to "on the move." i am francine lacqua at bloomberg european 500 in london. joining us in just a moment is the chief executive of barclays. first we are just moments away from the start of european trading. our markets team has everything covered from companies to currencies. manus cranny and jonathan ferro. manus, we are seeing futures higher. >> a little bit of a better tone to the futures this morning on the back of yellen speaking. german data was a little bit softer. ,he chinese export data story it is waxed and waned with china. i am lost. >> a lot of people are very bullish on china. they say even if it is not great , they have a great handle on it. i am with you. buyers beware. jon, central-bank action will be the other big story. >> things are starting to get interesting at the bank of england. there is a division starting to emerge in the ranks. report.s the inflation june 17 is when the ftc meets. that could give you an idea of wh

let's get straight to the boe minutes for that april meeting. e bank of england minutes show the mpc voted 9-0 in may to keep interest rates unchanged at 0.5%. that of course is in line with expectations. and the mpc has been in accord over the rates since july 2011. for some mpc members, the decision on whether to raise rates is, quote, becoming more balanced and that, too, really shouldn't be a surprise given that we've seen this surprisingly strong uk economic growth. all members agree the need to see more evidence of slack reducing before raying rates. how do measures slack? that is the big question, though. there has been considerable uncertainty and range of views about the boe's 1% to 1.5% gdp estimate of slag. it could be argued that the more gradual, the intended rise in rates, the earlier the boe needs to start tightening and just to continue with some of the commentary this morning. it would be premature rise in rates and could risk a, quote, substantial cost in lost output. let's just have a look at what sterling is doing. also as we'

i will intensify the debate whether the boe should raise rates. bless rate has been the focus of the bank of england. back in line with estimates. the wage growth figure is the key one. for the first time since 2010. >> we will see, all lies ahead for the bank of england. -- all eyes ahead for the bank of england. the cofounder of skype spoke at the idea summit. him how the tech scene has changed since skype was started. we started skype in 2002 and i remember moving from london to stockholm and there was no tech ecosystem. it is difficult today. today, whether it is in london goodockholm, you have a and emerging ecosystem. you have a lot of investors and entrepreneurs who have been successful. you have people who want to join technology companies. students think, i want to work for technology companies instead of investment banks. >> ironic. is it easier? if the access to capital easier? company, to start a that you need less capital. more technology available and you can use the cloud. there are more companies being started, so more competition t

on behalf of the boeing company, i thank you for convening this hearing grateful for your leadership on the efforts to improve trade secret laws. bowling first began making -- while much as changed since we first started, our company is unique in that we sample tests and deliver most of our highly competitive products right here in the united states. the final assembly facilities for commercial products are located in the states of washington and south carolina come but we have facilities for engineering and manufacturing major components in multiple states, including oregon, florida, california, montana and utah. our defense and space related production is pre-lim -- is primarily located in california texas arizona florida missouri and florida. 100 thousandees people in the united states. we have crated more than 50,000 new high-paying jobs driven by her new backlog of over 5000 commercial airplanes. last year, we paid $48 billion to more than 15,600 years businesses. for the past 100 years, is a result of the ingenuity of our highly skilled employees. innovating each step of the way

the recommendation comes after uncontrolled overheating lead to a battery fire on a boeing dream liner, that happened last year. lisa stark has this report. >> reporter: the ntsb believes the process used to certify the batteries was inadequate, not taking into account how the batteries would be used in the real world. they are still investigating a battery fire on the japan airline jet, happening a year ago in january. the safety agency wants better and more testing for the lithium ion batteries to make sure they don't overheat and catch on fire. the f axe a in response says -- f.a.a. in response says it's working with battery experts and foreign officials to come up with standards. boeing says it improved the battery design and the testing in the wake of the problems with the batteries. the way the batteries are tested and designed should meet the ntsb recommendation, and the ntsb says it looks like boeing is meeting the new recommendations that the agency made, but the f.a.a. still needs to come up with new better standards for the, and needs to apply them across the board to the ba

the design were inadequate. it released new recommendations to boeing and the faa.onduct short circuit tists on board -- tests on board an airplane. test all permanent lithium batteries. develop better battery test standards. and appoint an independent over sight panel. this comes a year after the federal aviation administration pronounced the batteries safe for passenger flights. >> this has a certain sense of urgency to it. >> reporter: he believes the ntsb which can only make recommendations is trying to force the faa and boeing to do all these things. >> they are saying we are not happy with the work you have done on the 787. we are concerned any aircraft could have problems. they think they are not safe yet. >> reporter: in a statement today boeing said we remain confident in the safety and integrity of the battery solution which was developed by boeing and approved by the faa last year. we will keep on this. tom vacar, ktvu channel 2 news. >> and on www.ktvu.com we posted our full 2 investigates report, including more of the video of the batteries failing and

the boeing 747 was containing a thousand lithium batteries. a chain reaction filled the cockpit with smoke and both pilots died. following the ups crash in 2010, the faa wanted to tighten the rules in cargo planes as well. and even classify them as dangerous goods. industry groups and lobbyists fought that hard. the final compromise approved by congress in 2012 blocked proposed tougher federal rules on transporting lithium batteries on planes. instead, relying on international standards set by the u.n. randi kaye, cnn, new york. >>> and we're back with miles o'brien and richard quest and david souci. as we said it is really interesting when we look at this report. we'll put it up on the screen, on the cargo manifest released today. it says the package containing lithium ion batteries, david you know when we look back on this how big a concern is it to you? >> it is not only about these flights, but the previous flight she talked about. the batteries are very volatile, they put off gases, and it burns very, very hot. >> it is interesting, though

we see this as the next huge opportunity for boeing. >> how big do you expect the market to be? very different business model with our huge development programs usually centered around commercial airplanes and military aircraft, where there is a lot of foundation and the business. >> boeing hopes that those flights will be made in their new capsule. the weld lists design makes their craft stronger than traditional models. astronauts will fly in this capsule? >> right now the configured default is five. but it is up to seven. >> what about comfort? this is not the most comfortable thing i have been in. >> absolutely not, but because of the tet -- because of the landings, we rough needed a design that would satisfy that. >> chris ferguson piloted america's last shuttle. his new mission is to get 'sllings commercial -- boeing commercial space program off the ground. >> this is the simulator? >> this is our engineering simulator. >> how similar is it to an airplane? >> boeing has been fighting these airplanes for decades. we were able to take the expertise and involve a lot of the p

the boeing 77 disappeared march 8 with 239 people while traveling to beijing. radar and satellite data show the jet veering far off course for unknown reasons. analysis indicates it who is run out of fuel in the remote southern indian ocean where a national search has been foe kissed. not one piece of debris has been found. >> an nba committee is set to convene by phone today to discuss the next step forcing donald sterling to sell the l.a. clippers. all committee members have voiced thai support for commissioner's decision to ban donald sterling for life from the nba over the comments. legal experts say if donald sterling decides to fight back, which is what he promised, the litigation could drag on for years and set a resident for professional sports. oprah and other athletes have announced they are interested n buying the l.a. clippers. >> the warriors will try to keep off elimination bit clippers and force game seven after warriors lost on tuesday in los angeles. they trail 3-2 in the best of seven. warriors have beaten the clippers in 15 of the last 17 mee

they're the same type used in a boeing 787.he boeing -- today the ntsb criticized the process used by the federal aviation administration to certify the new jet. the ntsb is also reviewing the faa review its lithium eye on batter testing process. >>> some of the world largest draw makers face a lawsuit. officials from santa clara and orange county filed the lawsuit in state superior corey court. they say more than two decades, these companies have wage and campaign of deception about the benefits and risks of paper killers such as oxycontin. they are -- for common conditions without proof of their effectiveness. they say that's caused a big surge in ediction and deadly overdoses. >> we've seen increase in overdose deaths. babies born with drawl. we've seen skyrocketing medical costs and crime with opioid abuse. >>> they say they want to stop the deceptive marketing of these products. >>> the city of san francisco is -- harvey milk. people gathered at market today for a dedication sir known me celebrating the new stamp there. to

among the findings air traffic controllers did not realize the boeing 777 was missing until 17 minuteser it disappeared from civilian radar. >>> 55 colleges and universities are facing federal investigations for the way they handle allegations of sexual abuse by students. the schools include princeton, uc-berkeley, vanderbilt and harvard along with smaller state schools all under investigation for violating title ix which requires schools to advise victims of their rights, investigate their claims and ensure their safety. >>> toronto mayor rob ford may be in a rehab facility near chicago a day after new photos surfaced showing him allegedly smoking crack cocaine. he admitted to having an alcohol problem which he says leads to bad choices. ford is currently on a leave of absence from his job as mayor so he can receive treatment. he says he will continue his bid for re-election. >>> the nba is moving quickly to terminate donald sterling's ownership of the los angeles clippers. sterling has been facing intense backlash force his racist comments revealed in an audio recording. he is banned

but so far it's failed to turn up any trace of the boeing triples the event which disappeared on march a investigators say they believe the plane's wreckage lies at the bottom of the southern indian ocean australia's tertiary angus houston said on friday that the probability of finding missing children or has drawn but he remains hopeful that the underwater blue intro they find something by the end of this month. moving on to china with the nation is reeling from yet another mass nine attack. security remains high at the main train station at china's western city of one and she conditions young the region two days after attack which killed three people and injured seventy nine. train services resumed on thursday despite the overnight it's lotion and stabbing spree the us state department has condemned wednesday's violence saying that it appeared to be an act of terrorism. the chinese government says a suicide bombing was carried out by a least two suspects with a history of religious extremists of the brutal incident was the third such high profile attack against civilians in seven mon

roughly half support the boeing aircraft alone. they give the bank the nickname "bank of boeing." does anyone doubt that these multimillion dollar companies would do just fine without the banks? i like and respect these companies. i especially like and respect the jobs that they create. but i think most hard-working taxpayers would be scratching their heads if not throwing a fit, at the prospect of their government using their money to support a boutique export credit agency for some of the largest and deep-pocketed corporate titans in america. again, although few americans have heard of it, i suspect the bank will remedy that situation very soon, as they come to the end of their authorization. we create jobs. they have numbers, opportunities, and testimonies. here's the truth. we are not showing you both sides. rather than creating new jobs, we simply shift production from one side of the economy to the other. that is why the accountability office thinks it is important. they may largely shift production among sectors within the economy. rather than raise the overall level of empl

rrent to being appointed to his resition, he has served as the techntor of global research for boeing research and technologyol which is the company's advanced introduce an we welcome him and of you give your statement, i will introduce and take the statement of eaand each witnesss will open up for questions after that. please proceed, mr. hoffman. >> that afternoon, chairman white house. on behalfushe boeing of the boey i thank you for this hearing and i'm grateful for your leadershit on the laws. it's a privilege to be a participant and to provide thecp challenges faced by americans and invaders. we first began making twinlanes airplanes in 1915 from a boathouse in seattle and while much has changed, it remains our enique as we are right here in h the united states in the final assembly is located in the so states of washington anduth soh carolina and we have facilities for engineering and manufacturing in multiple state including oregon, florida, montana, and utah. it is primarily in a state ofara california, pennsylvania, texas, arizona, or in alabama. boeing employs 160,000 peopl

is in the investigation team? >> boeing> yeah. and because since -- would it be a conflict of interest since -- [ inaudible ] -- the investigation? >> boeing, yes. boeing not in the investigation team as such. they are an adviser to the effort rep of the usa, and usa being the state of design, state of manufacture, and the national of transport safety board of usa obviously needs a lot of important information from boeing, and that's the reason why boeing, same like rolls royce, representing the engine manufacturers, are in the part of the accredited rep team. thank you. >> all right. yes, second row. the lady, please. [ inaudible ] [ speaking foreign language ] [ speaking foreign language ] >> all right, you've been watching a news conference from kuala lumpur. that's the malaysian defense minister, the acting transportation minister, hishammuddin bin hussein. he was giving the latest update, this the day after malaysian officials finally released their official report on what happened to flight 370, at least as much as th

federal investigators strongly suspect pilot error caused the boeing 777 to crash into a sea wall while approaching the sfoway. >>> the former san francisco firefighter accused of driving an firefighter truck while drunk pleaded not guilty to felony charges today. sources said his blood alcohol level tested at .13. his attorney called the prosecution's case circumstantial and said he was surprised his client was indicted. >> we fell for the gentleman on the motorcycle. it was a bad accident. but it should not have been indicted, from my view. >> quinn resigned from the fire department after the crash. several supervisors in the department face possible disciplinary action related to this case. >>> oakland police are looking for a suspected carjacker who shot a man before taking his vehicle. it happened last night in the city's san antonio district. police say the victim was sitting in his vehicle on 23rd avenue when he was approached by a man with a gun. the suspect shot the man, then stole the vehicle. the victim was rushed to the hospital and at last check he was listed in stable cond

thanks to my outpouring of grief the form of the boeing co announcement at a wet celebrations of the twentieth anniversary of the first all race elections. this is imo with the sides. mason. since the dawn. they don't you have done wet. to get the ball the us. yes that means the woods. given the demands and information polite. so as to who expected the democratic alliance leader ahead and say that when polls predicting shoe game the team to nineteen twenty five percent of votes in support of the seventeen cent in two thousand and nine opposition policies like dna and tedious made this firebrand economic freedom point is riding on but it's the frustration presence in the recently spent twenty million dollars in taxpayer money to upgrade his height it's been two years of democracy hasn't significantly improve living conditions for the masses the moon. and woohoo. these you'll meet. have i read labor's policy running for the first time in a national election is expected to gain around five percent of the place of the promising to nationalize industries. did paul writes i am currently ow

thanks to my outpouring of grief the form of the boeing co announcement that a wet celebrations of the twentieth anniversary of the first all race elections. this is the moon. with the sides mason. since the dawn. they don't you have done wet. to get the ball. yes that means the woods. the government's anti inflammation polite. so as to who expected the democratic alliance leader ahead and say that when polls predicting shoe game that seemed to nineteen twenty five percent of votes in support of the seventeen cent in two thousand and nine opposition policies like the yeti and judaism in this firebrand economic freedom point is riding on but to frustration. prisons in the recently spent twenty million dollars in taxpayer money to upgrade his height twenty years of democracy hasn't significantly improve living conditions for the masses the room. and woohoo. he is. you'll meet have i read. labor's policy running for the first time in a national election is expected to gain around five percent of the place of the promising to nationalize industries. did paul writes i am currently owned by

a british satellite firm has evidence that shows the boeing 777 went offcourse and ran out of fuel acrosshe indian ocean. families of the 239 on board hope independent experts can use the data to locate the plane which disappeared nearly three months ago. a third grader made her mark on history. that just ahead. then i got my number, which matched the custom fit orthotic inserts with the right support. go to drscholls.com for locations and save $10 i'm a believer. if yand you're talking toevere rheuyour rheumatologistike me, about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira is proven to help relieve pain and stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lympho

to discuss the details of the report as well as boeing's larger influence in washington r.t. political commentator sam sax sam what's up what's going on so let's take a look at more of the relationship between hillary clinton and boeing and how did they help each other while she was at the state department looking at her tenure there you see a lot of friendly deals between the two of them in what looked to be some quid pro quos so boeing wanted to sell over three billion dollars in aircraft to a russian airliner back in two thousand and nine so hillary clinton as the secretary of state went to russia and what she said she made a shameless pitch for this russian airliner to buy these planes and shortly after after that pitch we saw boeing make a generous donation to the state department of two million dollars so the state department can move through with the. pavilion for the united states at the world's coming up world's fair in china that two million dollar donation we know according the washington post reporting raised a lot of ethical red flags at the state department wheth

. >> i'm now joined by ed posen, the president of the peterson institute and of course the former boe lawmaker. can i say that? official. so my first question would be, it seems like the ecb rate cult is pretty much a done deal next week. are we going to hear something about easing of credit conditions? >> i think mario draghi and the team here are trying to set the foundation for more actively addressing the lack of small bids credit throughout southern europe and europe more broadly. that will require measures of l certain things. >> is that conference helping to push that topic a little bit? >> i think it is. you can see peter and ben have done the conference. they are in addition to being the house intellectuals, they're pushing this idea of dealing directly with the credit problems. certainly i'm about to give remarks and mine will be focused on the reasons why it's rational for the ecb to go down this path. others have raised it in the conference. i feel this is useful ground work. >> let us talk also about the effect of a potential negative deposit rate. there are people saying

confirmed radar tracked the plane as it turned west but that air traffic controllers did not realize the boeing 777 was missing until 17 minutes after it disappeared from civilian radar. >> all that will be investigated. >> reporter: families of the 239 missing passengers and crew members remain frustrated at the lack of progress after weeks of waiting in a hotel, they were advised thursday to go home. susan mcginnis, cbs news, washington. >> along with the report, officials from malaysia, australia and china plan to meet next week in their quest to get to the bottom of this mystery surrounding flight 370. >>> what began as a peculiarity project may evolve into an even stranger business venture. this is a head shaker, folks. the so-called hookup truck is about ready to roll through the streets of the bay area. as the name implies it offers couples a unique place to have sex. once the truck's owner start charging people the service will cost between $75 and $150 per half hour. if you are wondering, it launches today in oakland. >> if i wasn't there, he would be dead for sure. >>> a life-saving d

the boeing 777 vanished march 8 en route from kuala lumpur to beijing with 239 people. oday, the airlines told families to go home to china to wait for word. today, the continuing saga of toronto mayor rob ford took another turn when he headed off to rehab. ford, who has admitted to smoking crack, said nothing as he left his home. in a statement last night, he alluded to a drinking problem and said his reelection campaign is on hold. today, a canadian newspaper showed a new picture of ford on its front page holding a crack pipe apparently last weekend. the lawyer for fashion designers domenico dolce and steffano gabbana said today he will appeal their tax fraud conviction to italy's highest court. yesterday, a judge gave them 18 months, but the sentence was suspended so for dolce and gabbana orange won't be the black any time soon. the dayl's have been married half a century. they are closer than ever. a poignant story coming next. apples fall, but the apples of your cheeks don't have to. defy gravity. juvÉderm voluma® is the only fda-approved injectable gel to instantly

the boeing 777 vanished nearly 2 months ago with 239 people onboard. investigators believe it went down in the indian ocean. no debris has been found. >>> the white house is back on the defensive over the benghazi consulate attack that left four americans dead. a newly released e-mail by a top political aide shows talking points used by ambassador susan rice after the 2012 attack came from the obama administration, not the intelligence community. that was on a series of talk shows. rice initially said the attack was a reaction to an internet offensive video. abc's jonathan karl wanted to know why it took a lawsuit to release the e-mail. >> why were you holding back this information? why was this e-mail not turned over to the congress? this is directly relevant. why did you hold it back? >> jonathan, again. >> why did it take a court case for you to release this? >> i can say it again and again, and i know, you can keep asking again and again. this document was not about benghazi. thank you. >> the white house says the e-mail was kept secret because it w

got those planes you know made the deal to sell those planes to this russian airliner that the boeing made another generous donation of about nine hundred thousand dollars to the clinton foundation. of course bill clinton's foundation which is also. run partly by hillary clinton's and she's left the state department so you see a lot of these deals kind of being worked out while she was at the state department and it makes you wonder whether or not boeing was receiving any more preferential treatment in other corporations that weren't as generous to clinton sure as i'm but now that she has been out of the state department for a little bit do you think that we can expect the thais to continue that i think it's fairly obvious that they'll maintain close contact look the clinton political dynasty is among the most powerful in the country and boeing is the second most powerful defense contractor in the world and it looks like hillary is the front runner for president so why wouldn't boeing use the money it has in the in the influence that the supreme court has given corporations to go ahea

he was raising these questions with no less than the ceo of boeing. it's very good to have you. you are saying is that the company had over the years given to the clinton initiative and foundation. he kicked in some dollars for the american civilian of the chinese world fair. but there might have been equipped pro-poe. but the ceo said the word is the stand. you just want to know what is going on? >> yes. as a personal shareholder in the national center for public policy research that we've been asking ceos to own up to some of the things, we are worried that boeing has committed fraud because they gave a donation to the foundation that is run by the spouse of a public official, in this case hillary clinton. right about the same time she was helping them get almost $4 billion with the russian state airline. neil: nothing wrong with being a selfish shareholder, has a sure holder i can date touchÉ, it helps me, mice.went up. the other set david, be quiet. >> is a shareholder you need to be concerned. because this is a vague law. the dc circuit court of appeals called it subtle. wh

officials believe the boeing 7077 crashed into the southern indian ocean back in march. finding ways to attract foreign investment is one of the things on president obama's to do list this week. he's convening business leaders tomorrow at the white house to advertise success stories in the face of continuing public anxieties over jobs and the overall economy. that is a look at the top stories in the news at this hour. today's latin america report. authorities in colombia are trying to piece together what led to the deaths of 32 children when an overcrowded us they were traveling in caught fire. another 22 children and adults suffered burns in that fire that took place sunday as they were traveling home from an event in an evangelical church. the driver of the bus turned himself in on monday. witnesses said he left the vehicle running when he went to fill the tank with gas from a portable container. slowed economic growth more than analysts predicted the third quarter. prices -- al chile's central banks said gross domestic product expanded 2.6% from a year ago. that is do

authorities say the 15-year-old california stowaway coming out of the wheel well of the boeing 767 that landed in hawaii. moments later, it appears the young man is dazed as he walks on the tarmac. you can see he's obviously affected by 5 1/2 hours well above 35,000 feet and he staggers around. he's clearly affected. >> reporter: the boy continues walking until he gets past the stairs of the jetway. eventually you see him talking with an airport worker wearing a yellow vest. if there were any lingering doubts about this young man's story, this video should put that skepticism to rest. >> from what i know of he was a really shy person. you know, he didn't really talk a lot. he mostly kept to himself. >> reporter: he told investigators he was trying to get to so mmalia to see his mother. it's believed he hoped a fence at the airport shortly after 1:00 a.m. on april 20th and stayed on the grounds for nearly seven hours before the plane took off. medical experts say the lack of oxygen and subzero temperatures at high altitude put the boy in a state of hibernation. >> because of the hibernat

you see his legs dangling and jumping down from the boeing wheel well. stumbling there. somalia immigrant who ran away from home after argued with his father about the fact his father said his father di-- mother -- died. he jumped to plane to try to go find her. he is back in california in the hands of child protective service and his mother is in a refugee camp. he is having trouble in school but has a lawyer who is working with him to share the story of this investigation. they may site him for criminal tr trespassing. >> and incredible he didn't get crushed by there landing here. >> there is apparently just enough room for a body. >> washington's famous intern speaking out monica lewinski. what do you think about this? next hour at 1 p.m. we will have a great panel on it. but get into the action first at our website and slick click on america is asking. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked giants stood tall and the good queen showed the boy it could all be real avo: w

showing the teen being taken from the runway in hawaii after stowing away in the wheel well of the boeing 77 on a flight from san jose to maui. the teen was reportedly trying to reach his mother who still lives in africa. now he is back in california in the custody of santa clara's department of children and family services according to the mercury news. his father reportedly made the trip to hawaii to reunite with his son, but was denied access. and it is unclear where the teen will end up, but there were claims he was unhappy living here in santa clara with his father and stepmother. and that he had difficulty adjusting to life in the u.s. back out here live we are outside his family home and hope to obtain the update from the family on the teen's whereabouts and his conditions. he reportedly had some breathing issues following that stow away on the flight to hawaii, ultimately trying to learn an update from the family. channel news. >>> officers say it happened around 6:00 last night on the school road when the man lost control of his vehicle and then hit that tree. and the driver suff

the flames heading to tulsa, oklahoma, when one of the boeing 757 two engines caught fire. erican airlines only saying the planes suffered a quote maintenance issue. >> tens of thousands of people are on the move in southern california. they are trying to escape all of the planes that ravaged 10,000 acres there. they are trying to determine the cause and they are not ruling out arson. >> extreme weather as rains leave heavy rain. a possible tornado rips trees from their roots. >> a tornado touched down at an airport. it turned roads into rivers during rush hour traffic. this morning a fresh threat. >> maria molina tracking it for us. >> good morning heather and ainsley. the storm system that produced all of the severe weather from tornadoes to flooding this area today will be seeing the heavy rain system and could be seeing 3-5 inches of rain that's the reason we have the flood threat. we have areas of rain out here and the ground is already saturated. you are looking at the runoff and again flooding. i want to show you the temperature in chicago this morning. it is very coo

the airplanes. we generate new markets, seed new markets. it's a real partnership between us, boeing a airbus. >> i have only known irish companies in the leasing companies. what is it? how did that come about? >> it came about in the '70s. another company was our competitor called guinness -- >> yeah! >> gpa. >> i have a degree if guinness but the beer side of things. >> exactly. ireland has a favorable tax reare jet stream. they have a 12.5% corporate income tax rate and a lot of bilateral treaties with countries that are favorable. it's a haven for leasing companies. in california we make more money, we have better relationships with the airlines. we are almost like the boutique place for aircraft lessors. >> boeing said things look good in a conference call. you probably have a better view. is it just a terrific time to have as many aircraft on the books as you do? >> it is a good time. we have never had so many airplanes that are more than 20 years old flying for the airlines today. we see a huge replacement cycle. we have investment grade ratings. the company is well capitalize

two fighter jets escorted the boeing 757 back to california. >> it was different. w was very professional. they helped everyone. they took care of us. and we got down safe and sound. >> and as we said, the plane landed safely. passengers were rebooked on to another united flight. >>> two beloved members of the university of richmond's basketball program have been identified as the two the casualties from yesterday's hot air balloon crash in virginia. assistant coach guiney doyle and director of basketball operations nat lit lewis were aboard the balloon when it struck a power line and caught fire. search for a third person believed to be the pilot is set to resume at sunrise tomorrow. >>> at least 18 people died after a wall collapsed at a recycling plant in eastern china. it appears heavy rain caused it to topple. three other people were hurt. >>> now to the growing firestorm over the abduction of hundreds of girs in nigeria. in new york, hundreds gathered outside the ni year jan consulate. similar protests were held across the country. first lady michelle obama ha

. >> the boeing 757 safely landed around lax safely. none of the crew members or passengers were hurt. no word on what caused the smoke to appear. >>> sully constitutional enberger is the captain who -- sully sullenberger passed on his life lessons to a group of students graduating from college. >> i introduced you to you the man who saved my life and 154 others, ladies and gentlemen, captain sully sullenberger. >> he delivered the address at nova university in south florida. it offers programs in medicine and oceanography. he told them the importance of working as a team and the value of helping others. >> at the end of our lives we may simply ask ourselves a question. did i make a difference? my wish for each of you is that your answer will be yes. >> on january 15, 2009 he landed the u.s. airways jet on the hudson river. a flock of grease struck the plane causing two engines to lose power. he is currently an aviation safety expert and the founder of a safety consulting firm. >>> hundreds of law school students from uc hastings college

the day that boeing is out of business isn't on the horizon. what is depressing about this, although your book acceisn't depressing, but this is a lesson we refuse to learn. in the wilson administration we separated the founds based on the war. and the incoming congress and presidential nominations saw it wasn't a good idea to keep it around. they set it to one side and these ideas sat there and ferment until the depression and world war ii. the economy that emerged after the world war ii was a big moment. it happens because the united states has almost all of the worlds surviving non manufacture materials. europe, japan, united kingdom -- all of the sophisticated regions were destroyed. when people look back at those years, they draw precisely the wrong lesson. we set-up this that and the other program during the depression. and during the war we were involved in the economy and then a 91% top tax rate. maybe that was the growth. not the fact our competitors were cleared from the world change and by 1973 the rest of the world has begun to reco