finally browns boeing's seven three seven macs in the us and boeing in southeast tells customers to keep that planes in the high as the prices widens rating agencies want the plane maker and its suppliers credit rating to could be affected while european politicians are already sounding up opportunities for advice. also on the show sterling rises to new heights as friends lawmakers rejected no deal breaks it while many are beginning to doubt the president will ever happen welcome to business and apologies for the technical issues that u.s. president donald trump has issued an emergency order grounding all boeing seven three seven max x. profit in the wake of the crash of an ethiopian airliner last weekend many authorities around the world ordered the plane to stop flying days ago the latest developments pose a fundamental threats to boeing's operations a seven three seven max is the fastest selling boeing's history and a cornerstone of its strategy the plane maker employs tens of thousands and is worth hundreds of billions of dollars rating agency fitch warns the issue could threaten cre

it was fine flying weather but still the boeing seven three seven crashed tiny pieces of debris left behind the pilot sent out a distress signal and then just six minutes off to take off the plane hit the ground in nairobi kenya people gathered to wait for flight three zero to survive but it never landed. at first there was confusion. and complaints about the lack of information. everyone was asking probing was what his company but normal seeing and you're just going up and down until one of the passengers small and sees me plainly if you just think just a crush. that is a baby ate the idea as the afternoon wore on a sickening realize i should say the infant passengers loved ones. those who departed there this morning were never coming home. today is a very soft and tragic day for all of us at least it wasn't just whoever the border. investigators are at the crash site just outside the city there trying to determine causes the key question how could a plane with over one hundred fifty passengers and crew go down on such a clear sunny day. our east africa correspondent melanie corrida

well it's been pretty bad for boeing so far this is an all out crisis for the company its stock hit as low as thirteen and a half percent down at the beginning of the day it's now down a little over seven percent because the boeing stock is a component stock of the dow jones industrial average it's costing the dow about two hundred points in the days which really affecting is really affecting the global economy at this point it's definitely bad news for boeing this is its best selling jet ever they've only exported three hundred fifty of them they have five thousand still on orders so this is a problem this company very much wants to fix a quarter of those planes have gone to china and eighty percent of all of the planes that boeing sells it exports so it's very disturbed with the news that companies countries like china and indonesia have stopped those planes from flying that ethiopian in cayman airlines have stopped those planes from flying as well and that is because of the similarities between those two boeing seven thirty seven max eight planes that went down both of them turned a

over five thousand boeing seven thirty i've been ordered worldwide and a at the end of january boeing had delivereded three hundred and fifty of them with aroundd a quarter going to chinese airlines. now that t the model has seenn s second fatal accidentt in five momonths b boeing is doing all t can to reassure clients. safety is our number one priority and we're taking every measure to fully understand all the aspects of this accidents. at this point based on the information available we do not have any basis to issue new guidance to operates as many airlines are standining by the company boeing's biggest clients u. s. carrier southwewest. said that they are confident in the safety of their fleet. boeieing shares had plummeted as much as 12% during monday trade they close down just 5% as the us based giant shifts into damage control mode. boeing is one of the most important listings of the thirty companies that trade on the dow jones and its drop earlier in the day had cost the index s soe three hundred and fifty points. we did see the dowow rallying though it wass boosted by apple-

it's one of boeing's best selling jetliners and now it's grounds that around much of the world the e.u. joins a growing list of countries to suspend the seven thirty seven max after two crashes putting even more pressure on us authorities in airlines to do the same. and volkswagen report solid numbers for twenty eighteen of the world's largest carmaker can't get caught looking in the rearview mirror challenges are ahead like brakes that possible u.s. tariffs and oh yeah its departure from the internal combustion engine. welcome to business i'm stephen beers in for len thanks for joining us flight regulators in the e.u. join counterparts in china and other major markets in grounding the boeing seven thirty seven max that after two recent crashes in indonesia and ethiopia the issue is a sensitive one for the plane maker in particular which faces a tricky act reassuring concerned customers and protecting its business. iceland air is only one of the lines grounding their seven three seven max fleets by grounding its three max eight aircraft until further notice norwegian airlines also grou

more news on boeing. france, ireland, britain, australia, all grounded the 737 -- ashley: in austria just added. the stock is plunging. our authority, the faa says they basically won't take any action. there is enormous pressure on them to take some action similar to other countries. at the moment they have not done that. down $26. 373 as the price down another 6.5%. we are waiting for the big brexit vote just hours away. we are all over this. what a huge new statuses. we will keep you up to speed i promise you that. ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. stuart: we're at the point now where one country after another is ground in the 737 max age at. with just added austria. germany, france, turkish airlines. it's almost picking up momentum. you can feel it. stuart: a lot of the

boeing, sears are dohares are d. liz claman, it's been a wild ride and i suspect it will continue during your last hour of trading. liz: considering the dow was up 229 and now we are up 94, it is a very fluid story right now, charles. breaking news, what were to be two major events that will unfold in this hour have just turned to three major events. president trump about to meet with gop senators about trade. number two, the british parliament minutes away from taking its second major brexit vote in london, this one to do a hard crash brexit, yes or no. the third just added. the president revealing he will meet with the faa within the hour in the wake of a mass movement by international airlines and dozens of countries to ground boeing 737 max 8 and 9 airplanes. the president just reversed his decision yesterday to keep them in the air and has now ordered the grounding of all 737 maxes here in the u.s. >>> lawmakers at the white house are facing an increasing faction press. the president on trade issues affecting th

boeing says in consultation with the faa, the ntsb, and customers boeing supports action to temporarily ground 737 max operations. boeing continues to have full confidence in the 737 max. but after speaking with the authorities and customers around the world boeing has determined out of an abundance of caution and in order to reassure the flying public of the aircraft's safety, we have grounded the entire fleet of 737 max aircraft. we also have a statement from american airlines, one of two that fly these planes, they say earlier today the federal aviation administration informed us they're grounding the fleet out of an abundance of caution. they have 24 aircraft affected by this directive. the two statements are in conflict with one another. the president said the faa is doing it, american airlines says they're doing it, boeing says they're doing it, someone is not telling the truth on this one. boeing lost 11% in market capitalization in the last two days because there are a lot of people in the world that think that boeing could have made a better decision about this whether or not y

i think that boeing probably is a great american company, boeing designed this airplane. boeing clearly believes the airplane is safe and they're looking probably at the pilots. but ultimately, perception is reality in some of these things. you had u.s. passengers refusing to get on the airplane. you had other countries already grounding the airplane. and boeing and the administration were put in an impossible situation where they had to act. and i think acting -- david is absolutely right. why it took this long, why it had to be elevated to the president, it should have been done earlier by the administrator. zpl >> it seems like new red flags kept on dropping in the last 24 hours, david. cnn was reporting on how pilots had flagged some issues, had mentioned that their own complaints to the proper authorities. what do you see as the biggest factor here? >> you mean the biggest factor as to why it wasn't done earlier? >> well, the biggest factor as to why we ended up where we are right now. what was the big factor, the big flag, i guess, that ultimately led to the decisio

boeing thinks so. today boeing's vice president briefeeporters on changes being made to the max and increased training for 737 pilots. >> we're working with customers and regulators around the wor to restore faith in our industry,nd also to reaffirm our commitment to safety and to earning the trust of the flying public. >> reporter: after analyzing crashay have caused the of the 737 max last october, boeing is limiting how often tht flight'sated controls can influence the max's flight path. it's alsupdating the cockpit display so pilots arert a when the system kicks in. a criticism boeing has facedsh since the cf a max in ethiopia earlier this month. will these changes ease the pressure boeing is facing? >> it's not going to alleviate the pressure. it's going to explain what happened and how they came to the processes and decisions they came to. but until the airplane is back in service and proven to be safe, if you sswill, pe will remain on boeing for quite a while yet. >> reporter: the m is not flyin

boeing the big stock. the we were up 184 points until what happened as blake described about boeing. has dang up about 52 here. it is all about boeing. intraday the stock hit a session low after trump said the faa was grounding 737 max jets. boeing saying we agreed with that. we were in front of that the stock has been down 15% month to date. today those stocks at end of the day trading higher as you're about to see here. interesting trajectory for the stock. we've also been looking at other stocks in the sector, united, southwest, american. those stocks had been weak. united airlines now trading higher. one of the interesting things going on today fitch said it is to early to talk about credit impacts for boeing. we're seeing the supply chain now being impacted. arrow parts suppliers, spirit trading lower on the buying news. dow rebounding 125 points. interesting turn at tail end of trading today as boeing gets a little air underneath its wings. back to you. melissa: that is interesting, gerri, thank you.

after another fatal accident china and other nations brown the boeing seven thirty seven max as best gaiters try to figure out what happened in ethiopia analysts asks how badly boeing's order book will be affected. also the u.s. is poised to become in that oil exports by two thousand and twenty one so what does that mean for global oil production and prices take a look. i'm stephen birds in berlin thanks for joining us. u.s. transportation secretary elaine chao said monday the u.s. regulators are very carefully reviewing the fatal crashes of two boeing seven thirty seven max eight jetliners the sunday's deadly crash of an ethiopian airlines flight is the second in only a few months for the model and it killed all on board the incident has also hit boeing stock badly its lead ten percent of monday trading wiping nearly sixteen billion dollars off its market value and sending the dow reeling this as an increasing number of countries around the airline or. the ethiopian crashes the second involving a seven three seven max eight after a lion a plane went down in indonesia last october th

airlines and pilots complained boeing never told them of the new system. boeing has since sent out bulletins to max pilots informing them of how to react. but many veteran pilots say in an actual emergency, they're not sure they'd remember. >> as a pilot, i'd feel very awkward or uncomfortable about flying this airplane knowing that that potential is out there until this investigation runs its urse >> reporte354 maxes in service. flown in north america by air canada, american, southwest, west jet, and sun wing. united flies the max 9, a longer version of the same plane. said they're watching the investigation but so far, the 737 max has been very reliable. boeing says it has no new guidance for the airlines but underscored safety is our number one priority, and we are taking every measure to fully understand all aspects of this accident. working closely with the investigating team and all regulatory authorities involved. among the eight americans who died in ethiopia, georgetown law student, cedric osiavuga, flying to kenya for his fiance's mother's funera

so number one we think that the boeing planes are safe we think that boeing director pilots on how to handle the software . there's ways to override the system american airlines. believe the plane saved we expect the order book to be largely intact u.s. carriers say they will continue operating the planes as normal for now but pressure is growing on earth or to take action over the boeing seven three seven max eight many airlines are citing customers frightened by sunday's ethiopian airlines mux a crash which killed all one hundred fifty seven people on board. and let's bring in our financial correspondent new york jose luis de haro for more on the business side of this now jose i can't imagine it looks any better for boeing today than yesterday in terms of share prices what are you seeing there. no it's not looking any better at old stevenson's have been closed down an additional six percent on tuesday or no on hearing wall street are trying to figure out how much of the current situation will cause the company similar episode in two thousand and thirteen when boeing grounded fifty s

tom: we will touch on boeing in just a moment. i want to show the boeing chart in a moment. this is the jobs report. -- this puts in perspective 20,000. it's not that unusual to have one data like that. the remarkable stability of monthly job growth at 200,000. i just wanted to bring that up to show the one-off this of 20,000 right now. francine: what i'm looking at is what jay powell said over the weekend. he was saying interest rates can remain on hold as the u.s. central bank wait to see how conditions abroad involved. this is what i'm looking at. theation, if you look at university of michigan outlook and the employment outlook, they're looking at a couple of things to see if conditions are stabilizing or evolving. best selling plane is coming under increased scrutiny after another deadly accident. china has counted its fleet of 737 fax jets after a model operated by ethiopian airlines crashed sunday. ben katz joins us now. with think about the tragic loss of life and all of the victims, but we look also at the business angles to this. do we know -- there was a crash tha

this is on boeing. heather: ethiopia didn't have the capability of extracting the information they needed from these black boxes. what do you think we will get from them and how will that help? >> in the end it will solidify what people already believe, that there was a correlation with the air flight and there were autopilot issues that took place that they need to fix with a software update and it will provide the evidence of this case and they will release that information to the public. at the same time how much of this is on the airline as well. the airlines are responsible, being there is problems with these aircraft, why does it take so long, they don't feel like they can report without getting in trouble and the faa has to do a better job pulling this data together and making sure skies are safer. heather: american airlines, 84 flights a day, using the max 8s and max 9s, how quickly will it spin around and we will have these planes back in the air? >> hopefully soon. you've got a lot of money be

the boeing stock is still bound. without boeing and the dow 30. right now all the news broke down about 12. the dow dominated just on a price basis for nearly 30 points fall off in boeing today down 110-point. a little more after this. >> the lack of information. a few results talk about the economy, 53% rate in inflation. lack of basic products for my medication, food. if we look at the database suffering, that's not about numbers. it's about human beings. it's about lives who are suffering now who say their lives are in danger to sustain a society in the world. say regarding the crisis going on in venezuela. neil: god was guaido, the president were recognized as the leader of venezuela. obviously the regime in power feels a little bit differently. those who wonder about were coastal of them can go might want to go to venezuela to see the impact. democrats are going too far left by pushing not in ignoring the fact that this was once the richest per capita country on the planet. all that money and all that influence is now gone. very good to have

we want from boeing's boss to boeing's bitch. >> in 2015 the f.a.a. moved from focusing on enforcement to compliance and relying heavily on the airline's own safety programs to meet f.a.a. standards. since 2014, the number of enforcement actions against airlines has dropped roughly 70%. scott brenner, former associate administrator at the f.a.a. says the agency doesn't have resources to certify aircraft without manufacturer. >> boeing is approving the work. >> boeing outguns the f.a.a. they have far more expertise and the f.a.a. has become pretty much a toothless tiger. >> trevor: towrnts that because the f.a.a. lacks funding, they can't afford to hire people skilled enough to certify the planes, so they just have to trust the plane manufacturers will regulate themselves, which is a pretty sweet deal for the plane manufacturers. i wish i could have done it in my life. i wish i could have graded my own homework at school. i would have sat there, like, none of this is right. a minus. yeah, don't want to be greedy. a minus, that sounds right. that's not

and problems mounting for boeing u.s. pilots apparent lit complained about the boeing 737 max 8 jet months before the o t ethiopia crash all the late etest details and liar education the fallout just starting for the college admission scandal. could it change the way kids apply and are admitted to college? "power lunch" starts right now >> welcome to "power lunch." let's get you caught up on the market

it seems boeing only offered them as extras. tom foreman has more on the safety features and what the company is doing now. >> the heat around boeing is just getting hotter. these were considered add-ons by boeing and they would tell you that the pilots inside the plane, it would tell them that if these sensors on the front of the plane were reading that the plane was heading more up or if it was heading more down or if they disagreed with each other. readouts in the plane and also a warning light, these are two separate systems. boeing says that they will make one of these things no longer something that they charge for, no longer an add-on, but a standard part of the plane. but this is really ratcheting up the tension around boeing because people are saying if these are safety measures, to make this plane safer, why weren't they free all along. why weren't they considered a standard part of the plane. one of the answers is these types of add-ons are a big market for companies like boeing. nonetheless, this will make the invest

i mean, the 737 max 8 is a huge program for boeing. it represents about a third of their bottom line. they delivered over 300 airplanes so far. they've got 300,000 orders in backlog. this is a big program for a huge american company. i don't necessarily agree with the conspiracy theory that china is behind this but there's been two crashes in six months and even in the united states you're hearing reports of passengers in had guard ya airport that -- laguardia airport that were, quote, unquote, terrified to board the planes yesterday. there are people searching for other means of transportation if they have to take a max 8. the faa has to take a good look at this. there's other countries such as mexico that are grounding their max 8s overnight. there's eight different countries grounding the max 8. i think the issue isn't going away. there's a big drop in the stock yesterday, a little bit of a rebound, but if i looked at the options market, the vo volatiliy right now is running at its highs that it has been for the past year and i thin

who are investigating boeing. boeing was working on that software patch after the lion air and when ethiopia went down the faa quickly entered an order saying it had to be done by april. in that order, indicated that it might not have been done even at that time. and so now with the questions about the software and training and how many things went wrong, i think that won't necessarily be approved. there is issues about if the software was the right fix for the tendency of the plane to pitch nose up. and so they put the software and pitch the nose bag down. if the training specified is enough. and people probably i think that it will be determined that it's not enough. that you have to have hands on simulator training. it's a step forward, i don't think this will be enough and won't get approved. >> we're learning the justice department prosecutors have issued multiple subpoenas as part of the investigation into boeing faa certification and marketing of 737 max airliners. involved in the ethiopia and indonesia dis

i think that got lost in the noise with boeing. i was surprised the market didn't sell off more i've been in the camp this market is going to roll over here at 2800 last week i would have looked smart and here we are right back the fact that the market hangs out here as long as it does, is it giving you that much of an opportunity to sell what has at least been a high for the last couple of months maybe we do grind a little bit higher here. >>> coming up, it is the big story of the week. all of boeing 737 marx airplanes now grounded on track for its worst week in more than three years. >>> plus, aurora's new bud that stock soaring after the ratec s hired nelson peltz aa stgiadvisor. ♪ (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in. >>> welcome back to "fast money. aurora cannabis hitting its highest levels since october as the co

and after much of the world grounds the boeing seven thirty seven max would you still fly and want to put that question to passengers here in germany. i'm brian thomas thanks so much for joining us it is time for britain to get its act together that stern council coming from the use chief negotiator michel barnier ahead of a vote today in the british parliament lawmakers will be deciding whether to leave the e.u. without a deal on a future relationship now this follows last night's overwhelming rejection of prime minister may's final agreement with brussels. it was one of the biggest parliamentary defeats ever for a sitting prime minister many of the. dissenting votes came from within prime minister to resign may's own party as the results were announced it was clear may had lost her authority and her voice on a point of order with the speaker i profoundly agree the decision that this house has taken tonight i continue to belief that by far the best outcome is you know she's kingdom leaves the european union and orderly fashion with the. lawmakers were frustrated that we may have earl

if you questions why boeing isn't grounding all its macs. after sunday's crash on carrier once compensation from the american plane maker. and they can see them wind turbines are within range but they can't use the electricity the injustice of bringing power to kenya. and let's do business there are always two sides of the coin in this case some ugandans working abroad are striking it rich in some cases though some of those people a falling into the slave trade it's an unfortunate story but one that. brings us with this exclusive report just twenty three board robot owns his own house not many young ugandans property like these here in uganda's capital come. we're going to seize you could not have bought it if he hadn't sought employment outside his country. he has just returned from the middle east where he spent four years rocking as a casual liberal was. previously i wasn't living a good life and i had to rely on my parents for literally everything i couldn't even afford a phone there's a big difference now we've been sending money back t

news for the relatives and colleagues mourning those killed in a second accident involving a boeing seven three seven max eight ethiopian airlines flight crashed shortly after takeoff from on sunday all passengers and crew were killed ethiopia has grounded all seven three seven. china has ordered all of its airlines to do the same citing zero tolerance for safety workers into the chatroom that's where a similar accident happened in. south africa and cayman islands are following suit now remember these planes are all brand new and there's a heap of deliveries on the way so this could be a huge setback for boeing. and before we go to our correspondents to talk about this let's have a listen to what officials from. the o.b. an airline's had to say it's the continent's largest carrier and his turn to add a savable into the gateway to africa. as of yesterday we have grounded on. going the seven three seven eight marks fleet in ones created and which was involved in yesterday's accident. as a precaution safety measure. but this does not mean that the incident was related to. these defects

what is the latest from boeing there? it is hard to imagine a worse position for a playmaker to find itself in. its most importantjet has been grounded everywhere and so now the pressure is on boeing to find a fix and to do it fast. already some airlines are talking about compensation and with almost 5000 outstanding orders for these planes, this crisis is quickly becoming a costly one. just this week the playmaker has lost some £20 billion in market value. while there are questions for boeing, there are also questions for american regulators. historically this country has been at the forefront of aviation safety, but in this insta nce aviation safety, but in this instance the leading authority was playing catch up. thank you very

strategically boeing us well positioned. because apis has to give up the base we had at eighty and boeing is continuing with the dreamliner aircraft. but as you say i mean unfortunately it's it's common that you are craftsmen to have some societies and problems we have this . hundred eighty and also with a dream and i know. tell me a bit about the long term effects here for boeing and its rival. i think that they will hopefully find the cause of this exit and quite soon i mean in the past they have also found the reason for that these teething problems relatively quick but for that time of course it's it's painful for the airlines because they have to grant the aircraft and of course pay for father benefactor out so i think before for boeing this would be quite a financial. burden that it will it's let's see if they get the investigation wrapped up quickly the last one is certainly dragging on yvonne thank you very much for joining us there great to get your expertise thank you looked around as chief executives as granted th

boeing is fortunate, that it is part of a duopoly. boeing and airbus are coke and pepsi. there is no store brand when it comes to aircraft. and if they ordered a 737, it's because they have a lot of other 737s, the older version, so they're going to want to tend to stick with it. it can be expensive to switch to airbus. we've seen a lot here in the past few weeks that obviously we wouldn't have expected not too long ago. cheryl: it's the jetways, it's the training of the pilots and the crews, it's the mechanics. there's so much involved in the upkeep of an aircraft, rightly so. you're correct that a lot of airlines are going to likely stick with boeing. i think there will be a financial penalty. i want to move to what boeing is doing. they reportedly are going to add a warning light to the 737 max. it would basically tell pilots when these two sensors are in conflict and that the measure of the plane, what the sensor are saying, the measuring of the plane, the nose down is in conflict with what the sensors are telling you. is that a fix? how fast can they make that happen

boeing is standing firm they say they're not planning on issuing any new guidance meanwhile. and they say that their plane is perfectly safe even though to now have crashed in a very similar circumstances we've also seen american companies refusing to their planes two very big ones southwest being one of them and they are facing pushback from their customers because they're not allowing them to change their flights if they're going to try and avoid flying this seven thirty seven max eight. change fees which you see in their customers take to twitter demanding that they ground these planes so far boeing says no signs of saying that they believe there is a problem with this very popular plane at the same time their stock continues to tumble and that one of the key things for any aircraft manufacturer is of course trust in their products and yet i'm just seeing and correct me if i'm wrong on this that donald trump himself has just tweeted saying airplanes are becoming far too complex to fly pilots no longer needed rather computer scientists from mit often older and simpler is fa

let's do business is protectionism a play in our skies europe has banned boeing seven three seven max from flying in it's a space but u.s. aviation regulator is standing behind the american company despite two deadly accidents involving the plane the latest with ethiopian airlines korea's chief executives has boeing should ground all its seven three seven max eights until it's established they're safe to fly at these forty six countries have banned the aircraft from entering their airspace the entire european union is off limits as are the skies above the united arab emirates many airlines in certain countries are voluntarily grounding their max series brazilian budget airline go south korea's east jet about half the fleets that have been running since twenty seventeen and not being used and dozens of deliveries of the jets still on their way this has the potential to destroy the plane maker. analysts boeing a starting to do the sums the aircraft maker has received more than five thousand orders for its seven three seven max if these get cancelled the company could end up on its knees

let's talk about the big story of the morning, crisis for boeing, human crisis as well boeing shares under pressure this morning after a second crash involving boeing's 737 max 8 aircraft in less than five months an ethiopian flight crashing shortly after takeoff, killing all 157 people on board. the pilot reporting technical problems before the accident which is a little different than the last crash we're going to talk about this. the cause of this crash is going to take weeks to determine boeing and the national transportation safety board have sent teams to the crash site back in october, lion air boeing 737 max 8 crashed into indonesia killing 189 people now, here is where the story turns. china this morning suspending commercial flights of boeing 737 max 8s after contacting both boeing and the faa to ensure flight safety and unprecedented step a lot of people putting this also in the context to some degree of even the trade war with the united states boeing saying this morning the investigation is in its early stage, but at this point based on the information available, we do n

we have to have a look at the loss in value at boeing. boeing, as you mention has lost $40 billion and is that enough to compensate, number one, for the softwa re compensate, number one, for the software updates on its machines, for compensating airlines that have bought the boeing 737 max and to compensate companies that may cancel the orders and will it be enough to compensate the growth for boeing shares. we had the boss of cathay pacific and he said he is still confident in their safety record but as this crisis continues, will there bea as this crisis continues, will there be a wider impact on boeing's reputation and brand management?m ta kes yea rs reputation and brand management?m takes years to build a reputation and only one second to damage it. what boeing has cleverly done is to restrict the damage to the 737 max, rather than implicating the whole of boeing what they have done is the problem is isolated to the 737. companies who have ordered it, about 4500 orders outstanding at the moment, will those companies cancel the orders

all one hundred fifty seven passengers and crew have been killed in the crash of a boeing seven thirty seven max jet the airliner lost contact with air traffic control minutes after taking off from i disobey but to nairobi passengers for more than thirty countries were on board the largest group was from kenya ethiopia has declared monday a day of mourning. why it was fine flying weather but still the boeing seven three seven crashed tiny pieces of debris left behind the pilot sent out a distress signal and then just six minutes off to take off the plane hit the ground in nairobi kenya people gathered to wait for flight three zero to survival but it never landed. at first there was confusion. and complaints about the lack of information. everyone was asking. giving was not his company but normal thing and you're just going up until twenty one of the buses just on display like if must be just a crush. that is a baby ate the idea as the afternoon wore on a sickening realize i should say it in for passengers loved ones. those who departed dead this morning were never coming home today is

the boeing story -- boeing is a big component of the doubt index. dow an eye on the transportation index. friday, 11 straight days of decline, the longest losing streak in 47 years. could tell you something about the concern around global growth. and the bond markets can tell us a lot about that as well. manus: a line or two coming through. we will do the bond toward in just a moment. the turkish lira to climbing this morning. falling into its first recession. another blow to president erdogan. gdp, 2.4%. this was on the last quarter on a seasonably adjusted basis. turkey is entering recession. -- the central bank left rates unchanged last week and they came out with all of the right news to try to defend the currency. it is a red headline. turkey is in recession for attracting 2.4%. some pretty tough times last week. there it-- you can see is weakening in the dollar is higher. let me bring you to the bond markets. rough and tumble for the bond markets. and theail sales treasury after mr. powell reaffirming the proclivity for patients. going on cbs

what is the type of remedy that -- if any that will be recalled you know, boeing -- boeing and airbus both, you know, at their core are so fundamentally dedicated to safety. that's, you know, indispensable to their business. this is going to be their top priority to fix this i think their customers know that, and they will be in close touch to monitor how this plays out, and i wouldn't anticipate anyone would do anything precipitously until a lot more information comes forward, and the real -- you know, what the real cause of these two incidents is confidently identified and then the solutions to them are put in place. >> doug, do you think boeing is going to be on the hook for money to the airlines, liabilities of covering the cost of grounding and switching these place? >> you know, i guess from my experience that's -- that's a secondary consideration at the moment the first is, you know, finding out what happened here and getting the fix in place so that the airplane can get back in the air and the production can continue you know, there is a template for this in that the 787 was g

but the boeing news is big today and it's been dragged down by this one stock, boeing. if you look from march 1st, boeing has shaved around 430 points from the dow jones, mostly in reaction to the deadly crash that killed 157 people in ethiopia. that was on march 10th. now the company says it is doing all that it can to fix the software issue thought to be the cause of the tragedy. fox news' doug mcelway joins us now. boeing trying to repair its reputation, trying to ease the concerns of its investors and also the flying public. reporter: they sure are. and now on top of all their troubles is this grand jury subpoena. we are finding more about what this grand jury subpoena may be about. it seeks broad information about how ashgsfaa delegated authorit to boeing to certify planes for air worthyness. according to a source i spoke with, the faa can't keep up with its workload. additionally, some faa engineers do not have the same state of the art know-how as engineers employed by boeing. for that reason, boeing and other manufacturers received a delegated authority from the

that was a boeing 737 max 8. boeing 737 is the most popular, the most widely sold modern passenger aircraft in the world, and this is the new 737. this was a new plane. the new iteration of that workhorse of the commercial aviation industry, but in that new plane something happened shortly after take off in october. the pilots were reportedly basically wrestling with the plane trying to get the nose up but an automatic leveling future in the plane seems to have been fighting them pushing the nose down. the pilots on that flight requested permission to return to the airport because of the trouble they were having with that aircraft, but shortly after making that request, the plane went down, hit the ocean. 189 people killed. then this weekend on sunday,ethi 737 max 8. the new ititeration. 157 people were killed and the circumstances appear to have been remarkably similar. the investigation into the crash this weekend in ethiopia has just begun. we don't know how closely it will be mapped onto the circumstances of

boeing is an incredible company. they are working very, very hard right now and hopefully they'll very quickly come up with the answer, but until they do, the planes are grounded. >> pressure had been mounting, of course, for the faa to ground the jets, which were involved in two deadly plane crashes in just the past five months. and the u.s. was the final nation to make this call. possibly adding to the pressure, reports of at least five pilots in the u.s. who had anonymously filed these safety complaints about the boeing 737 max 8 jets. president trump said the faa will be announcing its determination about this model in just a few minutes here. but i want to bring in cnn's aviation analyst, tom foreman, our reporter, tom foreman, to fill us in a little bit more on exactly what that means and bring us up to speed on where things stand with the crash. >> it's a sense, ana, of how quickly things are changing here that truly not long ago at all that the faa was assuring us that there was still not enough evidence to g

and been fizzle and let's do business it's a bad day for business for boeing its share is tanking and horrible news for the relatives and colleagues mourning those killed in a second accident involving a boeing seven three seven max eight heave european airlines flight crashed shortly after takeoff from absolve a bar on sunday all passengers and crew including eight chinese nationals were killed if the opiah has grounded all seven three seven max aircraft china has ordered all of its allies to do the same citing zero tolerance for safety reasons indonesia is following suit cayman islands i just read now remember these planes are all brand new and there's a heap of deliveries on the way so this could be a huge setback for boeing. let's talk about this with christopher kobe's following the story for us christopher just how important first of all is the seven three seven max for boeing it's hard to understate the importance of the seven through seven max for boeing it is a new generation of boeing's very successful seventy seven series which has been around for over fifty years it is ext

charles: more on boeing fixes. the news just out, the stock reversing bringing the broad market up with it. meantime outrage erupting after "empire" star jussie smollett charges are dropped despite publicly the prosecutors laying out evidence against him. are lawyers opening up the doors for him to sue? is this elitism to the max? hour before senate voted overwhelmingly against it, alexandria ocasio-cortez and had a verbal sparring match over the green new deal. you have to see the exchange when come back. ♪ a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast. when it comes to type 2 diabetes, are you thinking about your heart? well, i'm

boeing is sliding again. more countries includingthe uk now grounding the company's 737 max 8 planes and now washington is weighing in we'll get you the very latest. >>> big new d.c. buzz words are break up big tech. we'll talk about the inch pli da implications and if they stand a chance >>> and college entrance cheating plot that involves celebrities and ceos is rocking the education world. the parties involved and what could happen next, that is all ahead in rapid fire. but we begin with dom chu. welcome back >> good to be back let's talk about what is happening with the markets we are seeing a mixed market overall. boeing the big story line with regards to the dow biggest price weighted part of that index but you can see the dow industrials down by 90 points. more than that is just boeing alone. meanwhile you have the s&p up by 11 points and nasdaq up by 45. about half a percent gain for each of those. take a look at what is happening with one particular sector out there and that is the industrials. this

boeing has taken a real hit in the public relations image. to be fair to boeing there are just certain things that it cannot say during an active aircraft investigation but when it comes out says we believe the airplane are safe they need to tell you why they believe the airplane a safe and they did convey that message i just say they are playing a safe without so to speak showing their math behind that. boeing still says the plane is safe and production continues but it's now halted all deliveries given the uncertainty surrounding the recent crash. in the over to europe now german rail firm deutsche bahn is expanding its digital network and the hardware will come from chinese telecom giant weiwei the same hallway now in the crosshairs of u.s. authorities who claim the company is a trojan horse for beijing state owned rail company says there's nothing unusual about the partnership. wants to go digital and for that it needs an ultra fast telecommunications network the german state rail company plans to operate is trains remotely and huawei is

it is of course boeing. of course after the tragic and deadly 737 crash, apple both -- both lifted, bank of america merrill lynch, down around the supply chain. consumersaying the are doing very well. natural gas, the worst two days for natural gas in about one month. the winter here just has not been as bad as it could have been. hopefully warms up even soon here. vonnie: thank you. we will be back with you shortly. about thetalking differences. there is all of this talk about how we might be in the eighth inning but we don't know if it is over at where are we in the cycle? >> no one said it was a doubleheader. you cannot be sure of that. what do we know. or some other impact, external event, something. something derails them. they cannot deliver a monetary shock. banksis a bias in central in a cause. you see that around the world. the stocks shanking its balance sheet proceeds very slowly and it doesn't want to derail the expansion. europe is seeing a struggle p are we see the expansion of the balance shee

turbulent times for boeing. today, the aviation giant will appear at the senate to face tough questions on its 737 max plane. and counting the cost of tragedy. we take a look at what impact vale‘s recent mining disaster is having on local communities. and for stock markets today, it's a mixed picture in asia, as traders continue to weigh the disappointing economic signs and what central bankers might do about that. so the pressure is on aviation giant boeing. company executives and officials from america's aviation regulator are due to testify before the us senate in washington on the faa's certification of the boeing 737 max. there have been two fatal crashes since october. so questions will focus on why the regulator, the faa, agreed to certify the planes in 2017 without requiring extensive additional pilot training. meanwhile, the us department of transportation will establish a special committee to examine the close relationship between boeing and the regulator. boeing is this week briefing airlines on sof

this is not the original boeing to somebody but complains the mr boeing family. this is a huge huge company that has a huge impact on our economy so. so large largest export i guess i mean all those companies the largest u.s. export of anything and this is not just the one company it cascades through the entire economy you know and so this is really really scary it's interesting boeing had air bus with it where they wanted them they had them on the ropes. after they had to announce the a three eighty and closed shutting that down they really did have them on the ropes and they've been winning the seven eight seven competition with a three fifty there was a three fifty and they they were they were really i was wonder if they were going to absorb airbus quite honestly and l. now everything that's dangerous they put your life back into airbus but jamie finch former n.t.s.b. director thank you so much shame appreciate you haven't is always. present hardball scenarios in washington this week for meetings with president donald trump mr ball scenario is currently intent

we know 79% of boeing ordered backlog by units. and we are also hearing from norwegian air that they want compensation for having to ground their flights. this will continue to snowball. amanda: meanwhile, many experts expressing concern and a lack of understanding about the faa. listen to former ntsb. >> i think it is a huge mistake for both boeing and the federal administration. sending theally wrong message to the world, concerning aviation safety and our interest in maintaining our leadership on that issue. have aviation reporter ben katz with us. is this a matter of time before the faa has to move or can it remain in hold out here? ben: i think this is the critical issue. and the critical question. will the faa come under enough pressure in order for them to take their own decision to ground the aircraft in the u.s.? that would be a really significant take. and the european safety agency already taking these steps followed by so many countries, you have seen them up across the world deciding to ground these planes. there is de

boeing says it will continue production on the now grounded seven thirty seven max aircraft but it will stop deliveries the future of the program will depend on the outcome of an investigation into sunday's fatal crash of an ethiopian airlines flight so what does that mean for boeing and for the airlines now with a catalog price of some one hundred million dollars for a seven thirty seven max the groundings threaten hundreds of billions of dollars of boeing revenue the plane maker still has orders for more than four thousand six hundred of the planes it was meant to be the backbone of its future business but deliveries have of course been halted so is their replacement the rival to the seven three seven max is the air bus a three twenty neo which offers similar capacities and range but airbus has order books already pretty full over thirty six hundred on the record. simply changing planes isn't a great option for many airlines at least for now the investigation and its consequences for the seven thirty seven max will therefore be critical. now there's also growing criticism of the ameri

why it was fine flying weather but still the boeing seven three seven crashed tiny pieces of debris left behind the pilot sent out a distress signal and then just six minutes after takeoff the plane hit the ground in nairobi kenya people gathered to wait for flight three zero to survival but it never landed. at first there was confusion. and complaints about the lack of information. everyone was just. giving it was not his company but normal saying you're just going up until twenty one of the bus and just on display leave the bus he just brushed. the d. seven by as the afternoon wore on a sickening realize i should sit in for passengers loved ones. those who departed there on sunday morning were never coming home today is a very sad and tragic day for all of us. who are on board. atheist be a civil aviation authorities now ta squid leading the prog investigators hope to find clues amid the mangled wreckage explaining how this new boeing plane could crash site fost answers to this tragedy which can't come fast enough for ethiopians they've been gathering at the crash site the shock and gr

the f-a-a has grounded all boeing 737 max 8 and 9 jets. this as new details are emerging about the aircraft involved in sunday's deadly ethiopian airlines crash.( james ) the grouding is impacting travel at our local airports. kron4's sara stinson is live at s-f-o with more. at s-f-o at southwest - the airline had 31 boeing 737 aircrafts in service - but they are all grounded indefinitely now that an emergency order was put in place by president trump.all boeing 737 max eight and max nine are grounded right now in the wake of the crash of an ethiopian airliner that killed 157 people.other countries had previously grounded these planes already - but the f-a-a said it didn't have any data showing the boeing max's were unsafe and were against the grounding. president donald trump issued the emergency order wednesday saying new information has come to light in the ongoing investigation into the crash.satelite based tracking shows there are similarities between the deadly ethiopian airlines and the lion air crash that happened back in october 2