the wall street journal reports the m. cast software aboard ethiopian airlines flight three hundred two bound for nairobi activated automatically before the plane nose dived into the ground while one hundred fifty seven people on board died. the family of one passenger from rwanda has filed a lawsuit in chicago federal court alleging boeing defectively designed the automates of flight control system the m cas flight control feature has also been implicated in a fatal crash by a lion air flight in indonesia last year many analysts suspect that in both cases the software repeatedly pushed the nose of the plane down despite the pilots' attempts to correct the move. the world's largest tourism company is under pressure following the grounding of all those boring seven three seven x. it's after the two crashes germany's two we expect profits to fall by seventeen percent this year it's expecting a lot of cancellations and warns its forecast will be even worse if the planes aren't back in the air by july that's key season plane m

optimism at the very least thank you very much as carter on wall street u.s. and chinese trade negotiators have all wrapped up talks in beijing aimed at ending their trade dispute now that's no easy task the laundry list of differences to iraq ironed out is quite long the u.s. has accused china of unfair trade practices including cyber theft and forced technology transfers. what they discussed the night before is unknown but equity markets shot higher after negotiators exchanged smiles as they resumed talks on friday while. working as of. yet. then trigger e secretary steve minucci unjoined chinese vice premier luke a and u.s. trade representative robert light has a for a photo and perhaps a chance to rearrange their negotiating positions before starting the day's talks the chinese commerce ministry says the two teams will spin no effort in the negotiations to end the months long trade war u.s. president donald trump said the two sides were close to a deal but officials have played down expectations of an imminent agreement u.s. insistence on keeping the first

liz: the mardi gras beads are flying on wall street.ebrating fat tuesday by engaging in somewhat of an epic battle right now. the shoving match from green to red to green has wall street yelling from the sidelines as we head into this final hour of trade, the dow for now is up 20 points. the s&p up just a fraction. at the white house, president trump announcing moments ago he will travel to alabama thursday to visit tornado victims and to

the most reactive investor base in my 30 years on wall street.utt kicked in december. we rallied back. a bunch of investors bitter that they missed it. now they're hoping, praying for retest, retest every day. mention the word goldie locks. i think goldly looks and three bears. late 1994 fed misstepped and backpedal. '95, nifty 50. talking about foreign investor based not invested in u.s. stocks since trump came president, because of their hatred for the man and which is stupid because it is from their heart. three bears are china, earning recession. david: recession will not happen. one plus standard deviation to events earnings revisions to this low markets are higher. we have dealing with an investor base and analyst base and ceo base that are so defensive, charles, they dropped all their numbers to now achieving over next -- i think we'll see earnings surprise that, not buoy the markets to excessive isly new highs but at least provide a base of stabilization with respect to the buying earnings and stocks again. charles: phil, let me build on

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despite the downgrade the stock rose more than 9% to $43.99. >>> still ahead, wall street's >> i'mor robert frank in new city.ng on "nightly business report," did g just ll the suit? we'll take you inside one of manhattan' m top suitakers to find out what wall stree >>> facebook has admitted to inadvertently exposing the passwords belonging to hundreds of millions of its users.co ing to reports the social media company stored about 600 million passwords without encrypting them, meaning they were viewable as plain texts to some company employees. in a blog post, facebook did not say how many users were affected,ut it did say that it would start sending out notifications so users can passwords.ir most companies do encrypt passwords to prevent them from being stolen in the event of a data breach. >>> new crash tests are raising questions about the safety of some of america's most popular vehicles, pickks tr in fact a watchdog group says some pickups struggle to protect passengers in the front seat. phil lebeau has the detail >> reporter: the impact of new crash tests from the insurance i

. >>> to wall street now, andhe stock market where trade was once again in focus. u.s. officials are in beijing to resume talks between the world's tw largest economies, and nvestors cheered with hope today. the dow industrial average rose to 91 points to close at 25, 717, the nasdaq added 25, the s&p was up 10. eunice yoon has more tonight . >> trade representative robert lighthizer and treasurte secretaryn mnuchin are in beijing for their talks with china's vice premier. the two sides are going to hold discussions all day on friday and said that a lot more needs to be done. "the wall street journal" is reporting that the chise side offering to make concessions to give access to the country's cloud competing industry. under the proposal, foreign tech firms would be allowed to own data centers as p pt of aot in a free trade zone. this is the second report indicating that chi is making offers in its technology sector. trump administration offtoials reuters that the chinese have put forth proposals on forced tech t transfet have gone further in the past in their size and

we even have a very tiny taxon wall street -- tax on wall street traders. host: this is the financial ceo.ces president and he issued the following statement. then there is this from the managing partner of a wealth management firm and the trustee for the national review institute. guest: this is a tax. when there is a tax, people have a tax burden. we are designing taxes to make sure they are progressive. in this instance, because stock ownership is very much concentrated in the hands of the wealthy few, three quarters of all stock wealth is held by the top percentage of our society. we will have an impact on average investors. the reality is existing fees of those investors are much higher than this small tax we want to put in place. there are commissions, overhead fees, clearing fees. we did some research a number of years ago. over can add up to be $800 in fees versus about per year in financial transaction taxes. that's extraordinarily small. those existing fees for investors, those are problematic when funds are being overly managed. very actively man

eye nutrition for today. ♪ ♪ maria: welcome back to "wall street."r special guest this weekend. before we went to the break, we were talking about this change in the fed in terms of the pivot. can you tell us what went on? what was it that the fed saw to decide we're not going to not only not do any rate hikes, but we're actually looking at the economy, and some people are i calling for a cut. that's a big swing. >> first of all, let me just say, it isn't a swing for me. i've been objecting to rate increases simply because we're not seeing evidence that inflation is taking off. we keep being more surprised how many americans want to work. let's let that continue to run. and if inflation picks up, we can raise rates then. i think my colleagues saw the balance of risk shift. we did see some weakness in data, we did see weakness in europe, we have seen weakness in china, so i think that motivated the committee as a whole to pivot this way. maria: i worry that we don't really have much wiggle room. i mean, the fed doesn't. because rates, even though you'

. ♪ >> from the fox studios in new york city, this is maria bartiromo's" wall street."aria: happy weekend. welcome to the programming that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. we have another jam-packed program this weekend. coming up, blackrock's rick reider is with me overseeing $2 trillion in assets under management in fixed income among other areas, in blackrock's firm of almost $6 trillion of assets under management. later on, minneapolis federal reserve president and ceo neel kashkari will be here as well. a big story for the market this is week was the inverted yield curve when short-term interest rates are higher than long-term interest rates. a couple of reasons why. the ten-year yield broke 2.4% this week. concern about global growth as well as trump's nominee for the federal board, steven moore, saying the fed should cut interest rates immediately. he thinks the fed should cut rates saying that the fed is sucking the oxygen out of the economy, and it's created an economically debilitating deflation, deflat

it is a chart wall street cannot stop talking about and could spell big trouble ahead. >>> fist, we start off with docks surging. the dow up 200 points adding to the year's rally the market is now on track for its best start to the year since 1998 it's not just here in the u.s., emerging markets are breaking out too. the eem etf is up 11%. and china doubling down on its fiscal stimulus saying it will cut into its own flesh, those are the words of the premier, to support economic growth this year wefrg looki with everything looking pretty awesome, did investors just get the all clear to buy stocks, guy? >> usually one question i can handle cut into your own flesh to make sure there's economic growth. >> they will do everything they need to do. >> i said to myself if there's about to be a trade deal, why would you need to cut into your own flesh. but i'll answer your question because that's what i do emerging market outbreaks. yes, it's up as measured by the ee -- eem you know where it was? 52.50 so we have a long way to go to get a breakout in this you're talking about eem levels with the

five hundred the wall street journal had a nice chart you know their earnings that the s. and p. five hundred going down and the s. and p. prices are going up so you're inflating the stock companies while the companies are being hollowed out they're not being more they're not producing more but they're the manager the companies are able to borrow and speculators can sort of push ups. being already to suddenly. make money by what the company isn't reducing anymore this kind of relates to your book here i would imagine the book is called and forgive them their debts the author is dr michael hudson he's warmed up i'd say preeminent authors in the world covering economics and finance and that going all the way back to super. imperialism i believe was the title of the book and he's been hitting home runs ever sense of this is the latest and dr michael hudson canon of instant classics but the book is called and forgive them their debts so these negative interest rates are a way of forgiving debts right for banks right so if we're going to forgive debts the question is who's debts shoul

car to there on wall street thank you very much and as a way lies economic crisis is now a humanitarian disaster food and other basic goods are in short supply and millions are fleeing the country now a prominent opposition leader alleges that president nicolas maduro people are shifting venezuela's gold reserves out of the central bank vaults the united states is backing an attempt by opposition leader want to force majeure zero to step down and calling you elections it well it has warned international bankers and traders not to deal in venezuelan gold. at least eight tons of gold are missing from the central bank's vaults in qatar has allegedly removed on president nicolas maduro his orders that's what opposition leader and head of arado says. it was taken without the internal bank procedures without the presence of fiscal organizations without the presence of internal security organizations of the bank and without the corresponding controls. and even by vehicle said a word from the central bank but private or identified vehicles that aren't armor and the destination is also irregular

lots of the wall street crowd are left of center moderates.d looks like he will do it, it's a different campaign. he will stick out like a sore thumb. it will be a bunch of raving liberals and a couple of socialists and uncle joe, the center left guy that is not afraid to be friends with republicans and wall street guys sticking out. he's hoping sticking out like that will get him sticking out of the crowd, maybe get 20% of the voted by the lefties split of the rest. that is his calculus. >> neil: let's say he does raise a record amount but it's not in small denominations that beto o'rourke got or kamala harris got. would his colleagues say, oh, you'redd trapped to the wall street guys. it's not just the money, it's where you're getting it. >> yeah, in the old days, it wasn't so bad being associated with wall street. bill clinton was associated with them and hillary. it was good to be associated with moderate centrist to mildly liberal wall street guys that, you know, made money but want to make the world a better place. it's just so -- the de

david: on wall street stoke -- stocks closed mix. nasdaq up 33.e on big board, 3.4 billion shares, crude oil up a half percent. gold, up a percent. and silver gaining over a percent as well. >> reminder to listen to lou's report three times a day, coast-to-coast on salem radio network. >> largest college admission cheating and recruitment scheme ever prosecuted by different of justice, hollywood actresses felicity hoffman and laurie hawf -- laughlin among 50. >> the parents are a catalog of wealth and privilege, we're not talking about donating a building, we're talking about fake test scores, fake athletic credential, fake photograph, bribed college officials. david: joining me now editor in chief christopher bedford, and adam brandon. chris. does this scandal puncture that holier than thou altitude a lot of universities have. >> that everyone should get an equal chance, the university system is krup corrupt through . we're not talking donating a building so our kid gets a leg up, that does happen. the problem is the folks were lying. they have n

wall street has a huge contingent of moderate democrats. type democrats that are out there. they used to be very close to clinton. they been alienated by the current state of the party because it felt antibusiness and they are just begging joe biden to run it. what he is telling them is that he's all but him. why hasn't he announced? what they're saying this will probably announce something in april if he goes. the reason he hasn't announced his because he wants these current crop of candidates, it's a lot of them. he wants a little reservoir dog action. remember that? tarantino. everybody shoots each other in a kind of wants that. kamala harris, snoop dogg. stuff comes out that corey booker and elizabeth warren. his calculus as we just heard the negative of a centrist liberal. because he's a centrist liberal. works well with republicans. he said not something nice. but the interesting thing is he thinks they can essentially take -- split up those out to find a buyer, you know, by five and then he comes in with a solid 20%. david: the other

taking on wall street.ouse democrats introducing new legislation aimed at imposing taxes on wall street transactions. how likely is it to pass and how will it impact the stock market? connell: mark cuban creating buzz around a possible 2020 run. what that billionaire is saying coming up. melissa: devastation in alabama. officials are still searching for survivors as tornadoes completely destroy homes across the state. now the president is planning to visit. we have a live update from one of the hardest hit areas coming up. ♪ but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. s

and scored the joins us now from wall street to break this down for us now yes that we have to be reminded of the time where the trump administration said it would intervene in the case if it would help a trade deal with china how does this news mean we're further away from all of that . well i mean overall washington has claimed for weeks that those two issues so you are away and the trade talks are separate matters and if we look at the pasta a couple of weeks and the advanced trade talks we got some positive news from this and bill in the past couple of days so that doesn't really seem to be a big connection if actually the chinese government shares this pinion is so different a matter of at least for now and we've also seen that was the reaction on wall street overall these seem to be two separate cases. i see so not much of a reaction there on wall street at least with regard to this but stay varian's because we have more news to talk to you about now a test plot is finally going mass market the electric car maker said it would start offering a version of its model three in the u.s. a

for more on this let's bring in our wall street correspondent scored against buy your shares got hammered today in europe what was the picture like where you are. well i mean the one big question is if. does cause cancer and if so did monsanto all know about potential health threats and events could be or should be approved then it could really become expensive for a buyer then we're talking about punitive damages in the billions so what i'm hearing here on wall street from analysts is that those two trials that we've seen so far that went against once until and buyer will not be enough to really get a clear picture of what still might come for buyers so probably we have to wait for a couple of more trials before actually it becomes clear what a buyer at once andro going to face and he ends another news the federal reserve and it is second policy meeting of the year and there's no more talk about raising interest rates quite the opposite in fact. yeah actually there was a pretty interesting fed meeting nobody really expected it but the fed chairman paul hinted that that's it no more rate

this week is a look on the economy did cause stocks here on wall street to fall and then also we had specifically fine and stocks under pressure because in general for big bangs higher interest rates a good lower interest rates are not as good for business you know scored in new york thank you. european union are going to have find google closed one and have billion euros for abusing its market dominance the misconduct involving its own price comparison results and searches of the last two years the e.u. has now find google a total of more than eight billion euros this is the third time european regulators have penalize google for abusing its market position this time it concerns it had since service the program pursuer types the purchase of advertising space related to searches that take place on third party websites chief among the e.u.'s objections is that it prevents the websites from displaying ads from google's rivals. google is why was they were unable to grow and compete and as a result it sounds well websites owners websites hat linux options for sending advertising space on

overall these seem to be two separate cases i see so not much of a reaction there on wall street at least with regard to this but stay varian's because we have more news to talk to you about now tess lot is finally going mass market the electric car maker said it would start offering a version of its model three in the u.s. at a price of thirty five thousand dollars a test flight had originally announced the model three and twenty sixteen as an alternative to its luxury offerings but the car still sold for an average of fifty thousand dollars much too expensive for many customers to cut costs the firm said it was cutting retails costs by closing stores and selling more vehicles online. now back to you yet and now these tesla updates don't seem to have impressed investors that much now have they. not at all the stock of tesla sold off quite a bit losing about eight percent in value here in the friday's session as far as i understand tesla is not just selling some we've killed some online but all of their week old so in the future it will probably not be possible to book the to purcha

that was 150% better than wall street expected. guess what, spending plunged .5.d up 7.6% from 6.1%. think about that for a moment, folks. i cannot remember the last time there was such dramatic shift in savings, especially as wages were erupting higher. it was december. now initially i thought, you know, maybe it was just all about wall street, you know, being down and stock market being down. remember the dow jones industrial average was off 7 1/2% for the month. but not enough americans are in the market to have that kind of knee-jerk reaction. i'm not sure how close we were to recession but i am now convinced that the market swoon and retreat of consumer was a mini panic and it was triggered by america's press. joining me to discuss, chief strategist for bubbatrading.com, todd horowitz, the author of the book, "how do i tax thee? ". kristin, let me start with you. it was chatter, chatter recession. i think people got scared. >> it seemed like the media was hoping for a recession, because many of them hate trump and they wanted to look like the tax cuts weren't

times and the wall street journal all for ninety nine a month and this is in addition to the existing apple news app that already has hundreds of new sites on it so that's t.v. and news boy what a great summary steve when you said three hundred subscriptions i'm like give me a break already there's just too much information out to the wall street journal for ten bucks a month boy would that be a good deal so we'll get to that we'll get to that later yeah ok and brant you're a gaming expert you've been on the program before and you did such a great job for us in hong kong but let's talk about apple with regard to gaming and particularly about their credit cards what's what's up with that brand all right well let's start with the important question here apple unveiled apple arcade the gaming subscription service customers of course will pay a monthly fee and they'll have access to a curated list by apple of some of their three thousand plus games they've already have in their marketplace plus they're claiming there will be one. the exclusive titles on the service are just for people who

. >> welcome to the "wall street journal" this is a intriguing new detail about the lifestyle of the rich and famous yes content of buying themselves privileges tv stars lawyers and financial chiefs have been paying large sums of money so their ambitious but not very smart kids can get into top colleges. the federal investigation into the college admissions scam is a reminder that for some people money and fame and success they want that validation and status only from a in ely university there is a certain class of successful people with the value of nothing and meanwhile greasing the palms of the right people politics as usual. president trump standoff with congress and emergency funding trade talks with china make slow and steady progress and to publish the fighting of the robert mueller investigation paul manafort sentenced to a total for various crimes. the 2020 democratic presidential pool expands as beto o'rourke joins the list immigration, change investigation and a presidential campaign with a controversy of the presidency so those are the biggest successes and what do you n

welcome to the wall street journal at large. with average monthly gains of 200,000 of last year. no request for alarm here. then employment rate fell again to just 3.8 percent and the u.s. has now had more than 10

why the company that invented blue jeans is getng ready to return to wall street. those stories and more tonight on "nightly business report" for tuesday, march 19th. >>>ood evening, everyone, and welcome. bill is off this evening. we begin witpa a c that has become synonymous with the global economy, fedex. e company, which ships more packages when activity is orrong, rd quarterly results below wall street estimates. and the fure doesn't look much better, fedex lowered its full-year outlook for profit again citing a slowdown in globaltr e. they earned$3.03 a share. that sent the sto lower in initial after-hours trading. kate rogers has more on fedex's results. >> the big thing to focus on are, continued impacts of global slowdown on the company's business, the cfo sd in a tiatement slowing international macroeconomic cons and weaker global trade growth trends continue as seen in our year-over-year declines in fedex revenue. they low its guidance for the itfull-year w a weaker q4 range than anticipated, due to concerns over global trade growth. this comes afterg lo

liz: the mardi gras beads are flying on wall street. bulls and bears celebrating fat tuesday by engaging in somewhat of an epic battle right now. the shoving match from green to red to green has wall street yelling from the sidelines as we head into this final hour of trade, the dow for now is up 20 points. the s&p up just a fraction. at the white house, president trump announcing moments ago he will travel to alabama thursday to visit tornado victims and to assess the damage, but investors are waiting for now on any news from his trade war front. we're not just talking about the war with china. european union trade reps just hours away from descending on d.c. there is a glaring single sticking point and no, it is not steel. we take you live to washington to tell you what it is and see how close we are to dealing with that. >>> plus, the democrats' hottest rising star putting a target on wall street's back as alexandria ocasio-cortez becomes the face of a new bill aimed at taxing nearly every stock trade we all make. could it take a bit

an investigative reporter for the wall street journal. michael, what is your finding in terms of when the last contact might have been about pardons? >> well, this would have been, so the raid was in april and then this would have been in the couple of months after that because things started to erode with michael cohen and the president probably about mayish and then i think in july is when he went on george stephanopoulos and said i'm going to protect my family and i'm -- they are the ones i'm loyal to. by that time, the discussions were obviously over. and -- go ahead. >> but why wouldn't michael cohen's view of protecting his family include getting a pardon from the president? >> well, i mean, what we're reporting is that he was largely rebuffed or there wasn't immediate commitment made in the conversations between his lawyer steven ryan and the president's lawyers that, you know, as you noted, the most possibility was held up by rudy giuliani who said we're not going to have any discussions right now about a pardon but maybe down the

this as the "wall street journal" has a survey that shows this.ally helps the fed and its new devilish stance. john will be here and we will get his take on that. ♪ ♪ ♪ ♪ >> charles: all right, apple out with a new ad once again pushing privacy. that's the key message tim cook has been pushing taking relatable moments in your life like taking a shower andunder score how much we value privacy. we know it's a direct attack against their technology rivals like the facebooks of the world which faces a lot of questions over selling data. meanwhile, shake shack is testing out a new four-day workweek hoping to boost recruitment. similar moves have been made overseas. the underwhelming debut of tesla's new vehicle the model y small electric suv helping to send those shares much lowered. coupled with worries about that company's need for cash and investors are now asking has ceo elon musk lost his magic touch? monica and heather are with me. let's go backwards. has elon musk lost the golden touch here? >> no. i don't think he has lost the golden touch. is

wall street lost its mind. the dow was off 666 points.he fed is going to come in and start hiking rates. wall street went crazy s the market fell apart. how come now this long period of growth like this? >> well the market is on a learning curve, okay? charles: the market or the fed? >> it is show to learn that the phillips curve isn't what it used to be, if it exists at all. we no longer have as tight a relationship between wage growth and unemployment and inflation as we did in the past. why in part? we have greater global competition. you know when i was young in 1970s starting off we didn't have any competition from china. we had no competition from india. so back in those days when you had faster wage growth that quickly led to faster price inflation. not the case anymore. >> i would add we've had a productivity turn around in the last year. look at the productivity data came out yesterday, 1.9%, we're seeing productivity gradually get stronger. if that continues around the rest of the recovery, that will lengthen the time of recover

regulators considering restrictions on bonuses through wall street.orting that even the anti-regulation trump administration might be keen on supporting the legislation. with more details, here is jesse westbrook. who revived this? where is the reasoning behind this right now? >> this is a requirement under dodd-frank, never done in eight years of the obama administration, although it did try. trump won the election and we never heard anything about it for a few years, but recently we fed anders that the other agencies are talking about trying to revive the rules, which i meant to curb the kind of incentive pay arrangements that prompted bankers to take dangerous risks. short-term clawback, longer clawback periods, making sure that deferred comp is over longer periods so that the bankers can do deals, walk away and make a lot of money, then those deals blow up and hurt the financial system. guy: at what stage is this at? how early in this process are we? jesse: i think that we are very early. there were sort of very thought-out, ironclad proposals tha