u.s. department of commerce but now combined with the two companies of course do have the money the resources the lawyers to really negotiate this with the americans the boeing calls this a questionable deal is it. well what would you say if you missed out on an opportunity to get rid of one of your competitors whether or not this was a questionable deal whether or not the subsidies that the canadian government paid bombard you when it developed this airplane remains to be negotiated and according to the rules of the international institutions where we have for international trade nafta for example the north american trade agreement or the world trade organization provide rules for cases like this and just explain to us how the deal could get bombard you around trump's tough tariffs. well it's unlikely that the government of donald trump will impose tariffs on planes made in america especially made in the state like alabama where mr trump has a lot of friends jobs in america are at stake here rebels in the frankfurt stock exchange thank you. now have a listen to what's going on on wall street

u.s. department of commerce will even continue to put high tariffs on the parts which bombard the air bus are now going to import into alabama from canada and from northern ireland but it's really a brilliant move for air bus and bombard you to join forces borne by the will get a lot of resources a lot of money a big influential and powerful partner in those difficult political negotiations with the americans and when it comes to selling this c. series jet and on the other hand airbus will get a smaller airplane in its portfolio something it doesn't have yet and a very technologically advanced airplane and that's why the shares of both companies are great gainers here today in frankfurt trading current the dispute over state subsidies in the aviation industry is nothing new but trump you would have to say is certainly given that you revel relevance. yes he has i mean the first company that mr trump visited after his election was boeing and to be fair he also blamed boeing for being too expensive but given that he's now the president of the united states with a very protectionist sway of t

u.s. department of commerce but now combined with the two companies of course do have the money the resources the lawyers to really negotiate this with the americans the boeing calls this a questionable deal is a. well what would you say if you missed out on an opportunity to get rid of one of your competitors whether or not this was a questionable deal whether or not the subsidies that the canadian government paid bombard you when it developed this airplane remains to be negotiated and according to the rules of the international institutions where we have for international trade nafta for example the north american trade agreement or the world trade organization provide rules for cases like this and just explain to us how the deal could get bombard you around trump's tough tariffs. well it's unlikely that the government of donald trump will impose tariffs on planes made in america especially made in the state like alabama where mr trump has a lot of friends jobs in america are at stake here are rebels in the frankfurt stock exchange thank you. now have a listen to what's going on on wall str

u.s. department of commerce will even continue to put high tariffs on the parts which bombard you in the air bus are now going to import into alabama from canada and from northern ireland but it's really a brilliant move for air bus and bombard you to join forces bombard you will get a lot of resources a lot of money a big influential and powerful partner in those difficult political negotiations with the americans and when it comes to selling this c. series jet and on the other hand air bus will get a smaller airplane in its portfolio something it doesn't have yet and a very technologically advanced airplane and that's why the shares of both companies are great gainers here today in frankfurt trading current the dispute over state subsidies in the aviation industry is nothing new but trump you would have to say is certainly given it you revel relevance. yes he has i mean the first company that mr trump visited after his election was boeing and to be fair he also blamed boeing for being too expensive but given that he's now the president of the united states with a very protectionist sway of

series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for going to jobs canada's not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are you going to speak that's what the politicians need to realize that. we sell for. one of our cars commercials a suite. and they need to. for se to believe that they need to sell less. those jewels or us canada too is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the us company could be scrapped according to the prime ministe

series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could triple the price of the bombard planes and this government is holding crisis meetings obviously we're disappointed by the decision and i will continue to play hard we're going to do jobs canada is not standing alone in the u.k. bombarded a is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are you going to need to speak that's what the politicians need to realize that. we sell for. one of our cars commercials this week. and they need to. for c. to believe that they need to sell less. those are tools of us canada two is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the us company could be scrapped according

series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for the committee and jobs canada is not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose weight and i need to speak that's what the politicians we do realize that. we sell for. one of our cars commercials a suite. and they need to. for c. to believe that they need to sell less with those jewels or us canada too is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the us company could be scrapped according to t

president's announcement in june and then the treasury department of commerce department statements immediately after that were last then the u.s. business community theory. they were inconvenient there are you know there is some unknown here in terms of the state department creating a list entities in cuba that are controlled by the cuban military and u.s. companies are supposed to avoid them travelers are supposed to avoid. this list was supposed to have been out it's not there is some believe that there are two events responsible for the delay one is the treasury department is overwhelmed with creating sanctions programs for other countries and then to hurricane irmo where the trump. rationed and said conveniently let's not add this to when it's impacting people cuban descent south florida they want to help their friends and their relatives and their other family members. and you've written about it this it's not getting a lot of play in the headlines there's so much more going on right now and there's so much infighting on capitol hill that it's sort of pushing this to the side of course the castro seem to be too closely in

of new homes in the u.s. have soared to the highest level in a decade. the commerce department says new home sales jumped 18.9% in september to adjust to 667,000. that's the most since october of 2007. it's a sign americans who have been unable to find existing homes are now turning to new construction. but here in the bay area, new study showing the bay area cities with the fastest rising rents according to data, rent in mountainview, petaluma, and walnut creek continue to soar while rent in berkeley, oakland, and san francisco considered to be dropping dramatically. >>> ups saying it'll raise rates on services by nearly 5%. the rate increase will apply to ups ground, air, and international services and will go into effect on december 24th. now the rise is e commerce and online retailers like amazon are increasing the amount much deliveries to residential addresses which in turn increases costs for shipping companies. ups isn't the only one, fedex announced last month it will raise rates on it's express unit by 4.9% on july -- january rather, january 1st. >>> kellogg says it i

of heart or policy in the u.s., are you hopeful for change? >> it is a complicated issue. put in aed when boeing complaint to the department of commercea over the sale of airplanes to delta. not useugh boeing does those types of planes, it is tod first who are involved understand how that can happen. taken by the department of congress and what we need to concentrate on is finding a negotiated solution out of this. we have been working closely as you would expect with the prime minister and her team and also through them the canadian --ernment and the barnier bombardier themselves. bombardier is a critical part of in economic infrastructure northern ireland and therefore it is important that we sustained the jobs in belfast. eileen foster speaking to me there. the bank of england is part of the story and the pound but in terms of the policy where do the various brexit scenarios leave the pound? i was looking for sterling to go lower and a got that completely wrong. i am happy to tell you. the mistake we made i believe is we concentrated on politics. as i said long-lived economics, the bank of england said they would raise rates. when

of new homes in the u.s. have soared to the highest level in a decade. the commerce departmentsays new home sales jump 18.9% in september to a seasonally adjusted annual rate of 667,000. that's most since october of 2007. it's a sign americans who have been una i believe to find existing homes are urng it to new construction. here in the bay area new study is showing the bay area cities with the fastest rising rents. according to data we uncovered from zumper.com. rent in mountain view, petaluma and walnut creek continue to soar. >>> confusion this morning about how much you will be able to put into your 401(k). >> scott mcgrew has been on the phone with congress people in washington. a really big fight ahead. >> we thought this fight had been totally settled. remember a couple days ago the president declared there was no way the republican tax plan was going to slash thement a of money you would be able to put in your 401(k) tax deferred. right now that limit is $18,000, the republican tax proposal had suggested dropping that to around $2,000 to which the president said absolu

needs more scrutiny >> reporter: and these have been statistics that the department of commerce has been homing in on they say the u.sng over the last several decades they've put out a study with their own data suggesting that we'll see whether canada and mexico are representaticeptive proposal if previous rounds are an indication, they will most likely not be. >> kayla tausche in washington, thank you very much. >>> apple products are ubiquitous in u.s. households. steve liesman has the latest from his all american economics survey how did you end up asking about iphones, steve >> we get to ask big economic questions and drill down on people's personal or economic or technological lives. we asked folks, do you or do you not have an apple product in your house check it out, we asked the same question five years ago. about half of the public told us they did that number now nearly two-thirds, 64%. going on to the next screen, nicely done. how many apple products do you have five years ago it was 1.6 on average. now it's up by a full gadget, up to 2.6 but while you said correctly it is ubiquitous, every single demograp

the commerce department said consumer spending, which accounts for more than two- thirds of u.s. percent last month. personal income rose 0.4 percent last month after increasing 0.2 percent in august.here's how much people your age are spending on halloween. between candy, costumes and decor, americans could spend $15 billion on halloween this year. and, according to a harris poll online survey of more than 2,000 u.s. adults, conducted on behalf cit bank, millennials will be responsible for most of that. on average, younger people are expected to spend $183 each on candy, costumes, decorations and miscellaneous items. that's compared to $70 for those in generation x and $23 for baby boomers. on costumes alone, millennials could spend $66 each, versus $25 for gen x and only $3 for boomers. and, 29 percent of millennials believe they'll likely spend more than they initially planned. only 20 percent of gen x and 11 percent of boomers say the same. the 49ers the 49ers trade their 2018 second round pick for patriots backup quarterback, jimmy garappolo. trade talks between both teams b

the commerce department said consumer spending, which accounts for more than two- thirds of u.s.ty, jumped 1.0 percent last month. personal income rose 0.4 percent last month after increasing 0.2 percent in august.here's how much people your age are spending on halloween. between candy, costumes and decor, americans could spend $15 billion on halloween this year. and, according to a harris poll online survey of more than 2,000 u.s. adults, conducted on behalf cit bank, millennials will be responsible for most of that. on average, younger people are expected to spend $183 each on candy, costumes, decorations and miscellaneous items. that's compared to $70 for those in generation x and $23 for baby boomers. on costumes alone, millennials could spend $66 each, versus $25 for gen x and only $3 for boomers. and, 29 percent of millennials believe they'll likely spend more than they initially planned. only 20 percent of gen x and 11 percent of boomers say the same. ♪ when you have doctors working as a team for your health, you get the care you need to help you thrive. ♪ visit kp.org to

the commerce department saying the u.s. economy grew at a rate of 3% in the third quarter. the boost coming thanks to strong investment by businesses and the news adds the strong gdp results in the second quarter. this is the best six-month stretch of economic growth for this country dating back to 2014. >> if there was anyone colluding with the russians to influence the election no further than the clintons and the dnc. this is hypocrisy at its highest level. i think it may be a new low in american politics. everything that the clinton campaign and the dnc were falsely accusing this president of doing over the past year they were actually doing themselves. >> bill: the white house slamming hillary clinton, sarah sanders with us yesterday after the report her campaign and the dnc paid up to $9 million for an attorney to retain a research firm behind that trump dossier. what has hillary clinton said about all this? matt schlapp former political director and chairman of the american conservative union and leslie marshall, talk show host from l.a. and good day to both of you.

of growing confidence as money pours into risk. the savings rate in september fell to 3.1%, according to commerce department data released monday. that's the weakest level since december 2007, just as the u.sisis amid the great recession. the august savings rate was 3.6%.as the downturn's effects back then ate into economic activity, consumers pushed their money into mattresses and reduced debt, which hit a historic peak of 13.2% of disposable income in the fourth quarter of 2007, the same time savings had bottomed. over the years, savings hit its peak of 11% in december 2012 and has been tailing lower since. winner: google's waymo is on the cusp of putting self- driving cars on the road for the public . . . . a recent ride in a self-driving van from google sister company waymo shows they're almost ready for prime time. waymo ceo john krafcik says we could see vehicles without drivers on streets and highways sooner than expected. waymo is already giving a select number of residents in chandler, arizona, rides in self-driving chrysler pacifica minivans. optimism comes as automakers like tesla market features like autopilot, which allows drivers to take their hands off the wheel for short pe

of grievances the u.s. has aired with china the commerce department on friday seeking tariffs on aluminum up to 162%.orrow, a trade panel will consider solar tariffs and actions on steel dumping and intellectual property penalties are being eyed on the other side of the president's trip to asia which begins in a few days with hawkish tones ramping up despite the absence of steve bannon and despite politico reporting that peter navarro, a well-known china hawk will not be attending the trip. inside the administration, top t trade officials bob lighthizer and ross are carrying the torch as well as malpass it's an interesting move with all this coming to bear before the president's trip, we'll see how this all plays out on the ground back to you. >> we've already seen the pressure on the chinese side as well questions about whether the waldorf's actually going to g renovated and maybe going -- what further impact would it have if the u.s. puts more pr l pressure on our side against china doing deals. >> we know china has usually been known to take a retaliatory approach when the u.s. takes very tough ac

the commerce department said consumer spending, which accounts for more than two- thirds of u.s.cent last month. personal income rose 0.4 percent last month after increasing 0.2 percent in august. winner: here's how much people your age are spending on halloween. between candy, costumes and decor, americans could spend $15 billion on halloween this year. and, according to a harris poll online survey of more than 2,000 u.s. adults, conducted on behalf cit bank, millennials will be responsible for most of that. on average, younger people are expected to spend $183 each on candy, costumes, decorations and miscellaneous items. that's compared to $70 for those in generation x and $23 for baby boomers. on costumes alone, millennials could spend $66 each, versus $25 for gen x and only $3 for boomers. and, 29 percent of millennials believe they'll likely spend more than they initially planned. only 20 percent of gen x and 11 percent of boomers say the same. winner: apple shares rise on booming iphone x demand reports . a deluge of orders for apple's luxury phone has pushed shipment times

downside, another executive departure in the video department, but on the upside, survey shows in the u.s. amazon's expected to capture 40% of the e-commerceat's that mean f torhe stock we'll dig in coming up on "squawk alley" i think it's terrific. your kids go to college and you start trading. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. >>> i can tell you, we do have the capabilities and competencies within the united states to counter the north korean threat, and we just need to continue to fund that capability, so we have the systems in place that can counter the threats. >> also asked kennedy about the united states defense spending listen >> this is not a time to be cutting defense budgets. this is th

it absurd that the department of commerce has said essentially we're going to slap a 300% tariff on the bombardierc-series planes because we think they were basically dumped in the u.sat a ridiculously cheap price. do you still feel that way >> i do. it was very disappointing. first of all, it was a preliminary ruling it's not the final ruling on the tariff we're in the early stages of where that negotiations eventually are going to go the bombardierc-series product is innovation. it brings 1 00 seat product to our market that no u.s. manufacturer produced. boeing stopped producing it, in fact, ten years ago. the 717. we're the largest user of the 717. it creates over 20,000 jobs in the u.s., and it's innovation that this marketplace needs. it's one of the most environmentally friendly aircraft on the market, and we're looking forward to taking it >> you know the argument from boeing that the price on this, the list price, $80 million per plane, is not what they're selling it to you for. >> of we have a great price on the aircraft, but at the same time it's great innovation that boeing defendant's exhibit have a product to compete with. >> can you give me a price th

of new technology, faster, lighter, more cost effective, and another company, a u.s. company, boeing, for example, says we don't like that. we're going to put counterveiling duties by approaching the u.s. department of commercesaying whatever they said, and 220% duties are assigned with another 80% for counter dumping. so 300% duties. wait a second. boeing didn't submit a bid for the aircraft type. because they don't have an aircraft which meets the qualification of the customer. who is american airline. so they didn't submit a bid. and one of the understandings is you have to show material damage. how do you show material damage when you didn't submit a bid? you didn't take part in the competition, and you don't have an aircraft which can compete. and the answer is, well, you can't. so why did they really do it? this completely hypothetical situation? because boeing is looking down range and seeing what they produce which is three different types of aircraft. one is 100-seater plus. one is about 150. i'm going to get the numbers wrong, because i'm a army guy, this is things that fly. the third is a dream liner area of competitive process, and boeing is back order, which is about 4,250, not that in hypotheti