the airbus, because of the way airbus and boeing configure their control systems, completely different. a boeing is a lot more pilot sensitive. it's pilot to controls. the airbus is pilot to computer to controls. so what happens is, you wind up -- not that the boeing -- it's through the computer but the pilot has far mor control and feel for the aircraft than in an airbus. what happened was, when they took off and came out of j.f.k., there was a significant rudder input. that rudder input caused tremendous stress on the tail, the vertical stabilizer but the tail that is sticking up. it causes stress on that which induced a yaw and the tail broke off and at that point the aircraft wasn't controllable. this, you are not accelerating you are decelerating and you are slower to land. when they pull the black boxes, will tell air speed, engine settings, whether the engines were spoolg up or down. what the rate of descent was and take that and put that in simulator and sit there in that simulator and ride through the final moments of approach. >> heather: two different aircraft that we're tal

aerospace giant eads. >> eads says it reinforces the importance of commercial aviation. >> airbus, the flagship brand of eads, known worldwide for its passenger jets. last year, the division generated more than 38 billion euros in sales, accounting for almost 70% of the entire group. >> airbus is the most internationally known brand. >> the name change is part of a major restructuring. four divisions are being reduced to three. commercial airliners and helicopters both remain intact. defense and space, formerly separate units, will be merged into one to cut costs. eads says the move is in response to shrinking budgets in western countries, but management is not saying whether the restructuring will result in job cuts. but -- >> egypt's interim government has said it will no longer allow protests by supporters of ousted president mohammed morsi. they cited traffic is ructions and what they called terrorist acts. >> police in cairo have been directed to clear citizens by pro-morsi demonstrators as they continue to call for morsi's return to power. the u.s. has responded by urging egypt t

and these planes, boeings and airbus planes today, are built to give people extra time. that doesn't mean it always happens. you know, they are built to hopefully allow more time with fire resistant, if you will, materials inside. and hopefully the materials of the seats themselves allow for a little bit of give so that hopefully people don't immediately break their backs or hips in an accident. and they have been remarkably successful at building planes that do just that. and yet if this is true, if 60 people are unaccounted for, boy, this certainly is very concerning. >> and we went and pulled the language. the specific language from the fire chief there. upwards of approximately 60 unaccounted for. that's what we heard. that's what we wrote down here. and, again, 307 people onboard. 291 of them passengers. 16 crew members. at this point, two confirmed fatalities. but we also know at this point that there are at least 10 critically injured. scores injured in total. but at least 10 of them have been injured critically. the news conference there, edwin lee started off by

the airline is launching flights of the airbus a380 and boeing 787. according to australian business travel magazine, both jets will operate out of london heathrow. the dreamler and a350 are both considered big-ticket, high- profile aircrafts. theater owners are worried people will stop buying movie tickets because of the length of movie trailers. a series of trailers including commericals can run up to 20 minutes before the actual movie starts. a report on npr reveals theater owners are hearing complaints from audiences, and some are even calling for change. their reasoning is the teasy trailers that are the film studios' best form of marketing tool take too long and give away too much of the storyline. film studios are reportedly concerned threater owners might refuse to play trailers running longer than 2 minutes. still to come, small business owners that are seeing profit growth from yardwork. but first, is twitter the new linkedin for job hunters? bill moller steps in next. social media - first used for silly social interactions, it continues to

it is competing with the airbus 350. with this in any way influence orders to go toward airbus as opposed to bolling? >> not this incident. it is pretty clear that the track record and that things have we know now, it is not a design flaw most likely. but that is not going to stop you from buying airbus airplanes. great pieces of machinery. adam: only to manufacturers of airplanes in this world. who is winning the war right now? is a boeing or airbus? >> it is neck and neck. there are all looking over their shoulders. so there is -- they are on their toes. right now is neck and neck. adam: as we look at the share price, another 52 week high. they have even a new version of the triple seven coming out, long range. >> yes. they have larger ones. i'm not sure there's that much demand for super long range, but they're is a demand for that airplane as well as the 787 as well as for the airbus 8350. adam: if this was indicating so soon after the incident, pilot error, why didn't the tower notify them, perhaps, that they were t

ashley: j.b., does this give a boost to airbus? you mentioned airbus. are they a valid alternative if someone gets nervous with dream liner? >> i think airlines will definitely play these sorts of issues off the two manufacturers and it could be but for the most part when you're buying an aircraft you're making a board-level fleet decision, you know. it is not going to be subject to momentary problems like this. but certainly, you know, it doesn't, doesn't hurt. tracy: j.b. groh. thanks for joining us. you are neutral on the stock to reiterate. ashley: the next guest says they're focused on fed policy they're ignoring traditional drivers like earnings, you remember those? we have senior institutional equity strategist for wells fargo. gina, thank you for being with us. that's a good point, isn't it? is it all on the word of the fed? is there any fundamentals involved in this market at all? >> it is hard to see it. i think it is happening at the sector level. you do see sector performance following earnings trends to some extent. a good example is the fi

airbus has a manufacturing plant in china for the a320. both companies need this market in the future. if the name helps -- >> it seems to make sense. >> top of mind. absolutely. >> we don't talk much about the defense side anyway. >> absolutely. >> john, good to see you. thanks very much for joining us. john strickland at jls consulting. >>> french food giant danone, results were boosted by strong demand for baby milk in china. weak sales in europe weighed on the operating margin. nevertheless, the firm still reiterated its 2013 forecasts growth of at least 5%. the shares up 2.75% in paris. >>> now, just when you thought london's burger craze couldn't get any stranger, the world's first test tube burger, yep, this is one made entirely from meat grown in a lab. it's going to be served up in the british capital next week. the five-ounce patty which costs 250,000 pounds to produce is made from 3,000 tiny strips of beef grown from stem cells. professor mark post pictured there, i presume, is the brainchild behind the burger. he says the proje

you have boeing's philosophy and you have airbus, generally speaking. and boeing tends to, at the end of the day, leave it more up to the pilot than airbus does. but even boeing, as in the 777, has a lot of automated systems, including even when you're not on auto pilot, there's a system called auto throttles, which controls the power of the plane automatically. regardless of whether the auto pilot is on or not. and that's a system that would be used, even on an approach like this, during a, you know, as you described, a clear, rather good weather day. >> yeah. >> and again, you get into this realm of, how does the pilot interact with this automatic system? for instance, the system, when it gets close to the ground, automatically thinks you want to land. and when that happens, it brings the power back automatically. and if the pilot is in a position like he may have been here today, coming up close against the seawall and being too low, the last thing you want to do in that situation is actually pull back the power. you want to have more power on, in or

but airbus saw the issue ambac the way. but i think the paris air show was one month ago? is still looking at live pictures of the 77? >> but there is latitude it is bad but they have a pretty good customers just like pan am customers it was great but they will have to god of their way to make sure they give customers adjustments for their losses thank give additional training. they can mitigate the damage but they will have to hustle. i think they will. cheryl: now rob, you are a commercial pilot but from the faa perspective i think the timing would trouble me because i would say this is too much, too soon. it is one thing with the 737 but the 787 with this many issues in the six month time frame that has to give pause to cfa a. >> it is not just the number of issues it has but it is the severity. the battery issue, if it is. we don't know that but we have been extremely lucky because all of these incidents have occurred on the ground. right now i would imagine this ceo from boeing having a chat that says you have some time but not much. cheryl: this is the main internati

the pilot who was flying this aircraft was flying an airbus a-320 which is a much smaller aircraft and has many different systems. the most important difference, i think, that investigators are looking at, has to do with the auto throttle system. basically the automated system that controls the speed, the plane's speed and engine thrust. and because the boeing plane has a much different system, he would not have had any cues, perhaps, from the throttle, the actual leverage moving back and forth, as they should in a boeing aircraft. he was expecting him not to move because he was flying, he used to fly an airbus craft and he may have gotten confused, perhaps n exactly what the engines were doing. >> so are there not bells and whistles that sort of go off and say you're too low and too slow? >> no, there several are various warning systems already on this plane. and even beyond that, as the the investigators have made clear. one of the basic things the pilots learn when they start flying even small propeller planes, when you are on landing, on approach to a strip, you watch your speed. a

eads will no longer be calling eads, it is rebranding the group as airbus. and a major reorganization. the announcement comes as it also reported a better than expected underlying profit in the first half. and raised its 2013 aircraft order target by 25%. stock up 2%. and bayer up 3.7% today. the company is back to 2013 view but admitted it is ambitious in the face of tough conditions in both the plastics and chemicals market. those comments come as the second quarter adjusted was just shy of most analysts' forecasts. joining us now, mario decker, ceo of bayer. nice to see you again. why is the environment as we said, though, becoming a little more challenging? what is going on? >> well, as you can see in our earnings release, we have in our life sciences business still continue very good performance also in the second quarter, in health care, the pharma, new products very good introductions, and better than expected sales, also, signs continue to have great momentum in the second quarter. material side was somewhat disappointing. the demand for our products

dihora was bullish on airbus as well. it too has close to a five-year backlog of orders for new planes. banks owning commodities - it's an issue generating scrutiny, from the public, congress and the federal reserve. in 2003, the fed decided there was little risk in allowing banks to purchase physical commodities such as aluminum and oil. but now critics contend the banks are hoarding commodities, driving up prices and manipulating the market. we turned to lina khan, a policy analyst at the new america foundation, who just published an article on the subject. "i think the average american should at least be very concerned that we currently don't have the capacity to know whether the banks own railroads in this country, whether the banks own airports in this country." goldman sachs reposnded to the outcry, saying, "we hold an inventory position in a particular physical commodity for the purposes of meeting the needs of our clients or as a hedge for positions in commodity futures or derivatives we assume as a market maker."

reporter: even though this pilot only had 43 hours in a 777, he did 97 hours of experience flying in airbus 320 boeing 737 and a boeing 747, which he had, again, landed here at sfo, just never in the 777. federal law enforcement did talk to the pilot just after saturday morning's crash. they determined there was no criminal conduct. the ntsb, though, still wants to talk to these pilots to help them figure out what went wrong as part of their investigation into the safety and what happened here at this airplane crashing flight 214 at sfo. reporting live here in burlingame, bob redell, nbc bay area news. >> bob, thank you very much. just a reminder here, we'll be bringing you the ntsb news conference live here scheduled to start at approximately at 11: 11:30. >>> still to come, expansion of the bay area bridge. will it reopen in time for labor day. >>> the clouds have cleared but there is one of those lanes out of commission as we head throughout the day today temperatures are going to be warm but the good news is we're headed towards a cool down. your full forecast in just moments. mom... ye

ten more than european-based airbus. boeing is sending more 787s out the door. they're playing catchup because the dreamliners had battery problems earlier in the year. americans plan to spend more on fourth of july celebrations this year. the average person plans to shell out $300 for food, travel, fireworks, and festivities. that's up 58% from last year. people in the northeast plan to part with the most cash, $454 on average. midwesterners are spending the least, $195 per person. some of that money will be going toward gas. aaa predicts 450 million americans are traveling 50 miles or more on independence day. most are traveling by car. the fourth of july is typically the busiest holiday of the summer travel season. that's your "moneywatch." for more go to our website. >>> straight ahead, your thursday morning weather, and in sports it's graduation day for butler's brad stevens. he's taking over as head coach for one of basketball's legendary franchises. taking over as head coach for one of basketball's legendary franchises. ♪ i can't believe i still have ac

airbus is investigating the beacons but is not requesting a fleet-wide inspection. just in time for the rebound in business travel, entrepreneurs have launched a new website called "rocketmiles." our cover story takes a look at how it brings more smiles per frequent flier mile. rocketmiles is a hotel-booking website, but for its customers, the draw is how many and how quickly you can acquire frequent flier miles. for example, three nights at the chicago hilton over labor day weekend would earn you 13,500 miles on united. if you stay at the westin, 11,500 frequent flier miles. "our target is the business traveler who makes their own bookings and then expenses it to his/her cfo." jay hoffman, a former united airlines and groupon executive, found a way to merge aspects of both businesses. the company buys frequent flier miles from a growing list of airlines. it uses the miles as rewards for customers who book hotel rooms through rocketmiles' website. in premium hotel that are also purchased by rocketmiles at a discount, often these are rooms that would go unsold. "i co

that is the issue of airbus. they have instituted this technology, but in a different way. do you think that this will come back to haunt them depending on what this investigation shows from london? >> no. the airbus 787 that went down in flushing, new york, in november november 2001, they are still flying. what we have to find out is what i -- that will bring us back to wiring and battery issues. i think that this plane is probably done for. they cannot replace this section. i do think that boeing will make it right with ethiopia air. it is probably in their contract. thank you both. appreciate it. dennis: karl icahn working to fight off objections. cheryl: tesla motors joining the nasdaq 100 today. our panelists will tell us when it's time to buy. fox business with a pretty impressive finish. >> i am from the upper east side in new york. i want to say hi to my mom and dad in connecticut. >> we raised money for the ronald mcdonald house. >> a great race. love fox. ♪ i want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business ne

that's a result of many years of training airbus can be lauded for pushing this kind of training, and airlines for accomplishing it in asia as well as throughout the world. basically flight attendants are to get you off the airplane safely as fast as possible. all the other duties are ancillary to that one thing, and they do it well. >> thank you very much, john nance, kind enough to come on with us today. thank you for the wealth of information. we appreciate it enormously. >>> well, people having lunch alternate a strahan overlooking the restaurant saw the entire incident. >> the plane was coming in a little low. the tail seemed to have clipped the back of the runway, the tail seemed to fall off, and then the plane came down, hit heart, was scooting around, and then it began to roll, the winds hit and it took off almost like a cartwheel, and flat down and burst into flames. >> witnesses tell us that plane was burning for at least 45 minutes. >> but thankfully not until most of the people got off that plane. we've heard from so many witnesses. we have another one on the telephone wit

airways captain chesley sullenberger made the most famous emergency landing of all time when he put his airbus a-320 down safely in the hudson river after a bird strike knocked out both the engines. sully is now a cbs news aviation consultant. sully, the safety board told us today that the aircraft was about 30 knots below its recommended air speed just before it crashed. what does that tell you? >> it's a very large deviation, especially for an airplane at such a low altitude, it's going to be important for the investigators using all their human factors and knowledge to try to figure out not only what happened, how it happened but why it happened. >> pelley: how do you get 30 knots below your air speed. the things they'll be looking at when they investigate this is whether fatigue was involved. this was an overnight flight of ten hours from seoul. these pilots were on their body clock about 3:30 in the morning seoul time when they're landing at 11:30 in the west coast. they'll see if distraction was a factor, if the crew responsibilities in terms of the leadership and resource management was

comfortable what about yours in a very profitable sort of companies basically singlehandedly with the airbus three forty out of business so in its entire history delta has a recall losses and only two of these were lost in service to british airways flight and today's crash so i don't think this should affect the. triple of his reputation but my sense that the ad has shown to be quite reliable and defend dependable aircraft right airline pilot mary matalin thank you so much for joining us here on our team to discuss the ins and thank you. well the hunger strike at guantanamo bay prison as now and it's six months with no sign of resolution guards and the u.s. military jail in cuba are resorting to new harsh tactics to force an end to the protests reportedly slamming cell doors up to three hundred times a night to keep prisoners awake as according to british inmates shakur on their sleep deprivation is allegedly linked to the upcoming ramadan fast when force feeding will be conducted at night the detainees lawyers warned datum view of the inmates weak condition keeping them awake at night coul

it would be really problematic for also the new model airbus. melissa: so the job of this plane is predicated on the battery so fe swapped out it would not work and be the same plane? how critical is it? >> it would not have the creature comforts and there would have to put on more battery wait. it would be different but it was still have a dual efficiency it's just that it would not have so many creature comforts and the power it can generate. it will be grounded for a while. melissa: the key for coming. what is the difference beeen the u.s. and zimbabwe? they have a beer tax system. seriously. a report says we are worse than zimbabwe and egypt. we lay out three fast fixes to fixt. plus the beatles on ed sullivan, the moon landing, the greatest movie of all time i watched every minute. sharknado devours the internet. we have a director to join us. i can wait. more money an plenty of sharks coming up. toxic chemals and carcinogens are leaching into the envirment. it's happening right where we live, work and play. everywhere. cigarette butts are

airways captain chesley sullenberger made the most famous emergency anding of all time when he put his airbus a-320 down safely in the hudson river after a bird strike knocked out both the engines. sully is now a cbs news aviation consultant. sully, the safety board told us today that the aircraft was about 30 knots below its recommended air speed just before it crashed. what does that tell you? >> it's a very large deviation, especially for an airplane at such a low altitude, it's going to be important for the investigators using all their n man factors and knowledge to try to figure out not only what happened, how it happened but why it happened. u get ley: how do you get 30 knots below your air speed? >> the things they'll be looking at when they investigate this is whether fatigue was involved. this was an overnight flight of ten hours from seoul. these pilots were on their body clock about 3:30 in the morning seoul time when they're landing at 11:30 in the west coast. dis'll see if distraction was a factor, if the crew responsibilities in terms of the leadership and resource le managemen

the spirit airlines airbus was forced to put the nose down and drop sharply. 1600 feet in very short order to avoid collision. crisis averted but it was harrowing for the 126 people on board the flight to dfw. one woman said every person on the plane was screaming. we thought we were going down. >>> william h. gray iii has died, after an illustrious career in public service. as a congressman representing philadelphia, bill gray was the first black majority whip in u.s. history. he left congress to run the united negro college fund. and after attending seminary as a young man, was pastor of his baptist church in philly for over 30 years. the mayor of philadelphia remembered him beautifully today saying, "he knew the guys on the corner. and he knew nelson mandela and everyone in between." bill gray died on a trip to wimbledon with his son, he was 71. >>> it's been a big mess in san francisco this week because of the bart strike. the bay area rapid transit idled for the first time in 16 years. it has clogged highways and roads and left 400,000 commuters looking for other ways to get to

and here it is in two words: if that had been an airbus airplane versus a boeing, that accident would never have happened, and i'll tell you why because the airbus will automatically go to full power when it senses a low speed like that regardless it doesn't need any pilot action. it will automatically go to full power. what has that good to do with the affordable care act. >> stephanie: that's what we're all waiting for. >> here it is. because boeing had an opportunity to use this technology but they were so try dent and obtuse they did not use it because they didn't think of it first. the same thing with republicans. they didn't think of it first. they will let the citizens of the united states die because they're not in control. >> stephanie: yeah, yeah i hear you, nicely done. you delivered on your promise. thank you very much. let's go to corky in rochester on the affordable care act as well. hi corky. >> caller: hello stephanie. when are you going to do a reunion tour. >> stephanie: we need to get on that the old radio warhorse door. >> caller: itour. >> caller: i want to talk a

think -- cruise control on your own car and now, the joysticks control the airbus 350, no, this bowling seven, 47, barrsimilar to the triple seven but now there is one however, on the boeing, 777, there are two different switches, and at the control center, that was new to the boeing, 777, there were different caught fire. police are looking at the possibility of foul play. 20 people have confirmed dead but thousands are still missing. >> pam: many of the people that are missing, the home was destroyed in saturday's crash. >> they were still alive but in my heart that he is gone. this happened on saturday when this runaway train derailed. that might never find the remains of some of these victims. >> until now, we have confirmed to 20 people dead. >> and others, saying that they found evidence of tampering making residents wonder who could be responsible. >> this person, kills these people! >> this person facing the public saying that the train's engineer is suspended without pay. >> be on to this i will do what we can to address the issues. we cannot roll back >> catherine: authorities

to understand what may have gone wrong, let's move over to the cockpit of a french=designed airbus. very different, with joysticks controlling the aircraft. >> reporter:now we're in a 747. very similar to the triple=seven boeing engineers deliberately gave it a retro look so pilots could transition easily from the older jets. but there is one crucial difference. on the 747, just one toggle switch turns on the autothrottle. on the triple seven there are two switches, one to arm, one to engage. the trainee pilot at the controls was new to the triple 7 but had logged thousands of hours on the older 747. so while he was depending on this, he may not have been paying attention to this. indicating that the plane's airspeed had dropped dangerously low. >> reporter:the opening of the new >> pam: stay with us as we bring you continuing coverage of aging and a 214. eastern span of the bay bridge is now delayed. it >> pam: was originally set for a labor day opening. and as kron 4's alecia reid reports. today officials spoke about why and when the span could open. >> reporter: at its current st

when the airbus's a-300 vertical tailfin snapped after takeoff. in that flight, all 251 passengers and nine crew members were killed as the well as five on the ground. and alaska airlines flight 261 crashed january 31, 2000. into the pacific ocean off point mcgoo. the md-83 had probl lems with i horizontal stabilizer. all were killed on that flight. in most of the cases we are looking at fatal plane crashes when most of the crew died, when the flights were a, a, either in the air like not most, and full of fuel. in this case, we were lucky they didn't have that much fuel on. working on reap serserves. >> steven. we want to got to our news conference and sfo what we saw this morning and the investigation half pppening. let any listen in. >> i want to thank you all for coming. it certainly has been a challenging, difficult day at sfo today. i want to start by reconfirming some of the facts. then provide updated information on passenger numbers for you. this morning at 11:27 a.m. we had an incident involving asiana flight 214, flight originated in sh

nation, captain sully sullenberger, landed his us airways flight safety on the hudson when his small airbus had a flock of birds. he's reacted to this crash today. sullenberger describing some of the difficulties he says pilots face when landing at sfo. here's a quote from him. the faa classified it as a special airport along with other airports worldwide that involve mountainous terrain or other special vachallenges. it is surrounded by water and of course water is a featureless terrain where depth perception can be difficult. there are shifting winds, low visibilities, so there are other things that make it difficult was high terrain just pass it. light winds yesterday when the crash occurred. investigators are considering all aspects. for more on the investigation of what happened and to try and prevent this type of accident from happening again we're joining by former managing director of the ntsb, a veteran of many of these type of investigations. peter, let's start first with the captain and the co-pilot. we heard adam housley say they seem to be in good condition. when will they be i

liz: your fleet is made up of airbus is. you have a bunch on order. some troubles with some boeing jets. does that mean you will never delve into boeing? >> most of our fleet is growing with the 20. we are only flying -- it is a fleet thrown around the world. very reliable sleep. very easy to finance. we loved the airplane. liz: we have 30 seconds. you had some job fairs where you were hiring flight attendants. are you still hiring? >> yes. flight attendants, pilots, mechanics, administrators. we are growing. we are a great job administrator. we think the economy should love spirit. liz: i love it. it is a great story. spirit airlines ceo and president. thank you. >> thank you, liz. liz: be sure to tune into "countdown to the closing bell" tomorrow. alaska airlines ceo and president. airlines turning into real businesses. something we have not seen in a long time. the concert venue many of you have not heard of. it is already earning top votes. perhaps, this is the most successful one. we will tell you which one and where. we are talking to the esteem

it would be really problematic for also the new model airbus. melissa: so the job of this plane is predicated on the battery so fe swapped out it would not work and be the same plane? how critical is it? >> it would not have the creature comforts and there would have to put on more battery wait. it would be different but it was still have a dual efficiency it's just that it would not have so many creature comforts and the power it can generate. it will be grounded for a while. melissa: the key for coming. what is the difference between the u.s. and zimbabwe? they have a better tax system. seriously. a report says we are worse than zimbabwe and egypt. we lay out three fast fixes to fix it. plus the beatles on ed sullivan, the moon landing, the greatest movie of all time i watched every minute. sharknado devours the internet. we have a director to join us. i can wait. more money and plenty of sharks coming up. ♪ clients are always learning more to make their money do more. (annto help me plan my next move, i take scottra's free, in-branch semina

. >> airbus. >> airbus was like -- this was like ten minutes of this stuff or five minutes of this. it was a long time. here this landing was, you know much quicker when they realized there was a problem. >> part of the problem with the airbus is the computer, when it got confusing information, it shut down. it is up to you now. >> hal: which you should be able to do though. >> stephanie: you're a gadget guy. we may be overgadgetted. skills on how to do stuff. >> hal: they all learn it. again, there are four pilots in there. they can fly the plane. everybody there is capable of flying the plane without instruments for the most part. >> stephanie: so what do you think happened? >> i think it was that social deference. i think there might have been some instrumentation problems but every instrumentation problem they had could have been solved by what they were seeing visually. it was not like they were flying in a storm. not like they had fog. not like they couldn't see. it was -- you know, they just -- nobody socially in that moment went -- they're look out the window and not seeing

>> that's both boeing and air s airbus. it is the 787, the 777, the 7478, the a-380, and shortly the a-350. the requirement for lift, especially in the emerging markets, pac rim, asia, middle east, is creating demand for more wide body aircraft and the expectation is that deliveries of wide bodies will grow at a 10% compounded rate for the next several years. and we have a lot of leverage to wide body aircraft, especially the premium cabins with our equipment, which therefore puts us in a good position to grow at a double digit rate for the next few years. >> you raised your full year guidance by five cents a share in this release as well. i guess there are all these questions about the global economy, a lot of ceos saying they don't have visibility. what makes your situation so different? >> i think it is the structural growth in passenger travel in the emerging markets of the world. pac rim, asia, middle east. so there are middle classes emerging in many of those countries and people are able to afford to travel for first

the only one of its cage. >> the airbus a-380 has three levels. >> reporter: fire starts on the third level. >> what you get is gases across the ceiling. at that point firefighters have to get very low and fight back that fire to continue on with their main fire attack. >> reporter: the fire, the heat the smoke, they're all real. virtual reality also helps them train. >> you can say it but it's an interactive authentic to see it. >> reporter: they study the ins and outs. >> most passengers are included to leave the way they came in. that's usually at the l-1 door. all the more prnlt to show the fire crew how do it. >> they also learn how to shut down the electrical system and battery from the cockpit if the crew cannot. >> that's a lot of burden. >> yeah yeah. >> reporter: the ultimate goal is saving line remembering that plane crashes are survivable. >> we develop them and train them and try to make it as real less tick as possible so it gives them confidence. >> reporter: that confidence can save lives. for "cbs this morning," manuel bojorquez, dallas. >> it is so comfortable to me

airbus reviewing the way locator beacons are integrated into its aircraft. following a pulmonary report of a fire on a part boeing 787 jet earlier this month. u.s. gasoline prices up $0.08 over the past two weeks as retailers pass on higher wholesale cost to consumers. bmw unveiling its first mass production electric vehicle. expected to go on sale in the u.s. in the second quarter of next year. praise and $41,350 before federal tax breaks and other incentives.%. and starbucks bringing wireless cell phone charging to coffee shops in silicon valley next month. they will see them as 10 stores and can give their phones a quick boost. that is the speed read. david: we are continuing to follow what is happening with herbalife after hours just hopping after hours. getting specific growth areas for that company. north america grew by 10%, but listen to this, central and south america 45% increase. bicycle 21% increase. over in europe and the middle east and asia 15% increase, so this is really a worldwide company having a tremendous increase in worldwide sales. wh

you look boeing and airbus their order books are very strong. they definitely speak to travel strength. there is still global travel happening. consumers buy autos in record numbers. alcoa is snatching defeat from the jaws of victory. in markets they ought to do well they never seem to put up the profits. ashley: lincoln, very quickly, prices for aluminum too haven't been great, are they? the aluminum market i should call it in london have been pretty poor. >> prices for all base metals have been poor not only this year but the last 2 1/2 years. this idea there are pockets of demand or pockets of strength is really reflective of the way alcoa earnings have gone as well as most of the miners. we'll probably continue to base along these kind of patterns or along these levels for some time to come. ashley: all right. thank you so much, guys. patrick, lincoln ellis, thank you. we'll check in with lincoln in a few minutes to see how the s&p futures are closing. liz: we were telling you about the egyptian stock market falling 3.5% overnight? investors

at that time though it was legal for boeing and airbus to make the seats that weren't as heavy on withstanding the g-forces. now they have to be tougher. materials must be less flammable in that flame. if people had their belts latched down tightly because the seats didn't collapse on each other, they had a better chance not to have close head injuries on wounds that could be quite debilitating. >> thank you, dan rose and mary schiavo. >>> we are following every development coming out of san francisco. we have live reports with the latest next. >>> plus, we'll talk to a man who was onboard that plane. another fatal tragedy has shaken a town in canada this weekend. a train derail setting off a huge fire. some people, they said, may have been vaporized. now the search for the missing is on. the great outdoors... ...and a great deal. thanks to dad. nope eeeeh... oh, guys let's leave the deals to hotels.com. ooh that one! nice. got it! oh my gosh this is so cool... awesome! perfect! yep, and no angry bears. the perfect place is on sale now. up to 40% off. only at hotels.com does your dog food have

airbus, the european aircraft company, they are building new planes in alabama. and american companies like ford are replacing outsourcing with insourcing. they are bringing jobs back home. we sell more products made in america to the rest of the world than ever before. we produce more natural gas than any country on earth. we're about to produce more of our own oil than we buy from abroad for the first time in nearly 20 years. the cost of health care is growing at its slowest rate in 50 years, and the our deficits are falling at the fastest rate in 60 years. so thanks to the grit and resilience and determination of the american people, the folks like you, we've been able to clear away the rubble from the financial crisis. we've started to lay a new foundation for stronger, more durable economic growth, and, you know, it's happening in our own personal lives as well, right? a lot of us tightened our belts, shed debt, maybe cut up a couple of credit cards, refocused on those things that really matter. as a country we've recovered faster and gone further than most

12th, 2001, american airlines flight 587 crashed into a queens neighborhood in new york city when the airbus a-300's tail snapped just after takeoff. all passengers and crew on board were killed as well as five people on ground, and alaska airlines flight 261 crashed on january 31st, 2000, into the pacific ocean, off point lugu. it had problems with the horizontal stabilizer. all 83 passengers and 5 crew members were killed. and a bit of background information on asiana airlines, now, it was founded in february of 1998. it's one of south korea's two major airlines along with korean air. asiana has headquarters in seoul. it operates 14 domestic and 90 international passenger routes throughout asia, europe, and a number of gateway cities in north america as well. by the end of the year, asiana plans to increase its transpacific passenger routes from 44 to 49 operations per week. the asiana airlines plaep that crashed was a boeing 777. the twin-engine aircraft is one of the most popular long distance planes used for flights of 12 hours or more from one continent to other, and typically for long

airbus had a series. 67 back in the late '90s and 2000. there was maintenance on the plane. various switches. hydraul hydraulics, et cetera, for the whole thing to collapse like that most likely was connectors. >> we got an update from southwest airlines today. here's what they said. the aircraft, a boeing 700 last inspected july 18th, 2013. southwest is working with boeing and the ntsb and boeing in a preliminary investigation. it was checked literally days ago. >> it was checked. it's disturbing because there are so many warning switches about the landing gear in the cockpit and the pilots did not have a warning. they didn't report it to air traffic control. they didn't have the brace for the passengers in brace position and having been there and done that, that's when they have knowledge that they've got a problem with the landing gear. that's why you tend to think it's something maintenance and it might have even been metal failure, metal fatigue. >> from your position where you sit, do you think passengers should be nervous these days about flying? >> well, i think pass

and the thing i'm thinking about as he is speaking is the airbus design which becomes even more automated where you don't move the controls in the cockpit and move a control on the wing. you simply make a request to the computer. and there is where you can get into some really interesting questions about the intent of the pilot versus the intent of the computers. >> i want to spend some time in a second here. i want to check in with miss m. melissa. i want to talk about when a pilot is landing a boeing 777 is it more the pilot landing the plane or more of the computers you were talking about? think about that for a moment. i want to bring in melissa who continues to monitor the injured, the hospitals where they are being taken and the extent of the injuries. i understand we are starting to get reaction from capitol hill? >> we are. we have just heard from the committee on commerce, science and transportation which aviationthe federal administration and national transportation safety board which will be responsible for investigating how this happened. we received a statement from the chair

from: airbus has benefited a number of subsidies and preferential treatment the european argument has done well. they have been competing with that issue. a critical element going forward. and if those enterprises are not forced to compete on similar economic terms, companies are certainly at a disadvantage. host: what do you expect to happen first with the agreements? guest: probably two things. the specific deal further along and could be deals on that as early as a few months from now, before the end of the year. it is worked for -- worth looking of the trans-pacific partnership. this is really where the first debate about trade will occur. but could heat up again after september. host: after september that could come to the floor? guest: it is possible. it depends on all the other issues. the previous guest talking about nominations on the floor. it is possible after september. host: director of global business and trade with liver government, thank you for your time. that does it for today. now, live coverage of the house. the speaker pro tempore: the house will come to order. th

in fact, i have seen the airbus 380 go in there which is the largest plane in the world. that's not a big factor going into an airport. of course, everybody does their performance data before landing, and they make sure they do have enough runway for landing, so that's all taken into consideration beforehand. >> well, i know that you haven't flown the triple 7. i imagine there are lots of sort of bells and whistles that might go off if there was some sort of alerts inside the cabin or the cockpit before landing if there's a problem? >> oh, sure. they call it a chip whiz, the ground proximity warning system that would give an indication that the pilot was too low when they were approaching the airport, you know. of course, the other pilot's there. they have to speak up alternates, too. that's called cockpit resource management. people have to understand this is a busy travel time of year and these, you know, crashes have to be taken into consideration as an individual circumstance and not just to cancel their travel plans and not travel and go to the places, the vacations

. >> i like beautiful duopolies like airbus and boeing. but cutthroat competition to get business. are you kidding? no, thank you. you can use this prism to analyze all the big capitalization stocks that have reported so far. honeywell and general electric have backed away from really competitive markets and again, they're doing a ton of business in aerospace. the oil and gas business seeing little competition on price. oil service king schlumberger had an amazing quarter. they have higher revenues and higher margins because they have so little competition. gross margins are going up. in fact, some of these big dogs have really killed off the little guy competition. both companies have sizable defense businesses while defense orders in the future may be slowing, there's very little competition for these contracts. hey, we know that from lockheed martin, which reported a marvelous number, and it has a stock that simply won't quit. or northrup grumman like we promoted last night on "off the charts." going higher. the defense names are the strongest stocks in this market this year. se

another panelist, chris hahn, goes to edas, the maker of the airbus, porsche, which is just a stake in volkswagen, but he believes the two company also get together, and an australian rail company that was recently privatized. as for mark, he said go with the japanese autos given the move in the yen, which he believes will be moving down. and a drugmaker. but all in all, always interesting to hear the picks from some very good stock pickers. >> just very quickly, before you go, david, i know that carl icahn is always a headliner, right, and always just about to come up at your conference. what are you hearing on the big dell battle? >> yeah, you know, mandy, things are moving pretty quickly there. what i can tell you now it does appear another index fund, from my sources telling me, vanguard, which is one of the top holders of dell, will also be voting against the deal. that's something of a surprise, particularly because usually the index funds take their queue from iss, which said to vote in favor of the deal. at this point, the math does not look good for mr. dell to prevail. we'll

. >> i like beautiful duopolies like airbus and boeing. but cutthroat competition to get business. are you kidding? no, thank you. you can use this prism to analyze all the big capitalization stocks that have reported so far. honeywell and general electric have backed away from really competitive markets and again, they're doing a ton of business in aerospace. the soil and gas business little competition on price. oil service king schlumberger had an amazing quarter. they have higher revenues and higher margins because they have so little competition. gross margins are going up. in fact, some of these big dogs have really killed off the little guy competition. both companies have sizable defense businesses while defense orders in the future may be slowing, there's very little competition for these contracts. hey, we know that from lockheed martin, which reported a marvelous number and it has a stock that simply won't quit. or northrop grumman like we promoted last night on "off the charts." going higher. the defense names are the strongest stocks in this market this year. sequester

[cheers] [applause] airbus, the european aircraft company, they are building new planes in alabama. american companies like ford or replacing outsourcing within sourcing and they are bringing jobs back home. [cheers] [applause] [cheers] [applause] >> we produce more natural gas than any country on earth. we are about to produce more of our own will then we have done for the first time in nearly 20 years. [cheers] [applause] and the cost of health care is growing at its slowest rate in 50 years. [cheers] [applause] and our deficits are falling at the fastest rate in six years. [cheers] [applause] so thanks to the grid and was williams and the determination of the american people. folks like you. we have been able to clear away the rubble from the financial crisis. we are starting to weigh a new foundation for stronger and more durable economic growth. you know, this is happening in our own personal lives as well. a lot of us have shed debt, maybe cut up the country in a couple of credit cards, we focused on those things that really matter. and as a country we have recovered faster an

eads may be soon taking on the name of its better known plane making subsidiary airbus. the they are proposing to change as part after broader strategy review. the topic could be on board members again today when they meet july 30th. >>> penske automotive driving up its quarterly dividend for the third time this year. stockholders on record as of august 12th can expect a 7% of increase of 16 cents a share to kick in on september third. >>> sears issuing a recall of nearly 800,000 kenmoore dehumidifiers because of a new report of fire. they were manufactured by lg electronics and sold at sears and kmart stores between 2003 and 2009. the recall includes the 35, 50, and 70-pint models. they initially recalled them in august of last year. that's the latest from the fox business network, giving you the power to prosper. dennis: the end ever july is critical for steve cohen and his hedge fund sac capital and fox biz senior correspondent and author of "circle of friends," charlie gasparino is here with exclusive details on this man uninvestigation. >> i always want the book up

lori: boeing, and airbus, that is it for your airplane manufacturers. that is a good market to have. >>> coming up, turning water into cold hard cash. demand rising along with supply concerns, tracy byrnes and ashley webster are looking for ways to play the water trade through the next hour here on fox business. stay with us. [ indistinct shouting ] ♪ [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> bacon, bacon, the restaurant is so nice, they named it twice. there is a bacon revolution going on in this nation. this week i was in the store and saw a bacon candy necklace. >> you have got to be kidding me. i wanted to ask him what the most popular menu item is featuring bacon? grilled cheese? >> deep-fried bacon, done in flou