our boeing 787 family. now, this is a big day for our entire 787 team because it's a team sport to design, build and service an airplane. but today recelebrate another exciting chapter in boeing, south carolina. the team in front of us not only makes the 787 and our new 787-10, but it is a center of technology here in south carolina for interiors, for r&d, for propulsion and for i.t. we are very, very proud of our south carolina team. [applause] now, let's just walk down memory lane a little bit and think about just five years ago boeing, south carolina, made history rolling out its first 787, and today we do it again with the 787-10. and just to put an exclamation mark on it, as if it needed it, you remember that boeing just celebrated last year 100 years of existence, so this makes the 787-10 our first rollout of the second century of boeing. [applause] kevin: now, this 787-10 is about 18 feet longer, puts 40 more seats on the plane. ok. i'll stop selling the airplane. but let's just say it's simply the m

i like boeing. i've liked boeing for a while. it made an all time high today. valuation, people say it is stretched. i disagree. the favorite is proctor and gamble. too rich, too. too fast. not a high beta stock. a high had market cap stock. >> it is a huge deal. >> doesn't this tell that you there is no pricing power? these guys are not going to top line. theon way to do it. it is almost out of desperation. in p & g's stock, this is $20 a share or so. i think that's the one you fade. oh, he fades yours. this is a company that is slowly transitioning. knile enterprise is growing. anything we want to believe about the economy, it helps these guys. the valuation is very fair. it is only recently trading out. . >> i think it will be stable. phaser is up 4% but only 3.5% for the year. that's something i would stick with. jpmorgan for a trade near term. fade on proctor and gamble. >> i will own boeing. i've will owned it forever. i still believe it is early winners, late losers. >> lockheed versus boeing. they're really close to the president. >> boeing is close. >>

the boeing team here after boeing announced it was going to cost $4 billion to build two new air force ones. the president balked that the price tag, tweeting out "cancel order." shortly thereafter he had some back door negotiations with boeing. boeing's ceo coming out later and saying they were going to give taxpayers a break on air force one. some of those folks who i talked to here, kate, say that's what they like to see. one of his supporters saying i like it when hetays in his lane. in terms of economics. he said yesterday at that press conference, not an example of that. one final point, in looking at this it we don't see an opportunity to be able to get our questions out to the president. obviously a number of us here in the media who the president likes so very much want to get an opportunity to get his take on robert harwood not accepting the position as security advisor. >> we will always see. right there on one side of your screen, air force one approaching, and will be soon landing in south carolina to head to where jason is to speak with employees there. meet it the top br

boeing, which is, you know, i'm great, boeing is great. jobs are great, but i have yet to hear any of the kind of connected tissue between all this greatness and what trump is actually going to do to help his voters. >> isn't that what paul ryan is supposed to be doing, kevin brady? they're working on the corporate tax reform bill. they're working on obamacare bill. ultimately, it's congress that writes legislation, just like president obama hand over to nancy pelosi at all, go write obamacare? >> not really. i mean, i'll tell you as someone who worked in the white house when there was a lot of stuff being done, where the white house stands on legislation is critically important. if you actually talk to legislators about the border adjustment tax, which i know is a very big deal around these parts. something by the way that boeing probably writes. >> they do. >> because their exporters. what everybody is waiting for is the white house to weigh in. so the absence of a kind of coherence systematic policy voice. >> let me ask you on that poin

taking a tour of the boeing plant. this is the first time he has been back to south carolina since he won the election, so we will take you there as soon as we have it. plus president trump slamming the media for slanted coverage at his news conference yesterday, howard kurtz says mr. trump has a point. he joined us next, but first, take a listen to president trump. >> quiet, quiet, quiet. see come he lied to -- he was going to get up and ask a very straight, simple question. welcome to the world of the media see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me to know that... ...i won't stop until i find what works. discover cosentyx, a different kind of medicine for moderate to severe plaque psoriasis. proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the majority saw 90% clearance. do not use if you are allergic to cosentyx. before starting, you shoul

for boeing -- >> good news for boeing, absolutely. neil: if you're walmart, not so, right? >> for boeing it's great, because it would create a tremendous penalty for airbus and other manufacturers abroad of airplanes. it is a boost for any exporter in the united states. keep in mind exporters have huge power inside of the beltway. so their lobbyists on k street in washington have been pushing this thing to the the nth degree, even though every american is an importer. not every american is an exporter. every american bought a foreign car or foreign pen. neil: david, that is integral to tax reform. that is crucial as we talk with grover norquist. that border tax, whatever you want to call it, would go a long way to come up with on the tax cuts. let's say that is taken out of equation, is there any danger that you're hearing that the tax cult thing was dialed back? >> yesterday was the first time i heard president trump specifically say it would take a back seat, tax cuts would take a back seat to obamacare reform. there are certain procedural issues that might make that nece

david: we saw boeing's old guard, juxtaposed with this boeing dreamliner. this is a good picture for donald trump. this is something he has wanted to have here for the first few weeks. kevin: he insisted he was a builder, he was going to build things. he wants toistently lower that corporate tax rate. he has also said he would not be afraid to work directly with ceos. frustrations at some of the controversies around this campaign, this administration. like have been ceos lockheed martin and tesla that had worked directly with the administration. a sign that many would argue has led again to that culmination. this is someone who has tried for several days to highlight this type of focus. we heard it earlier today in his weekly address. there is skepticism that he will be able to move beyond the questions of general flynn, the questions of why general harwood not accept that position. effort to move on. >> we see signs being held up by the audience. i know dennis is on the president's manufacturing counsel. talk about the way the president has been reaching o

the boeing team here after boeing announced it was going to cost $4 billion to build two new air force ones. the president balked that the price tag,

when he said we're going to put a very big order with boeing, maybe, he's negotiating both with boeing and lockheed martin, which makes the f-35 at same time. he's pretty sh rude in that regard. when he finishes by saying, god bless boeing. i agree with dana, that's what we like the president to say. but if connects up to the 77 minutes yesterday when he talked about the mess he inherited. jim mattis -- general mattis, secretary mattis, made the same point in europe yesterday when he lectured nato on how only four, five of the cntries in nato were spending his 2%. he has a huge problem set. i kind of thought yesterday's press conference had its peaks and had its valleys and certainly had entertaining moments but this connects with it very much. >> president trump appears to be a long with governor master,there making his way across the tarmac, headed to march mar mar-a-lago for the weekend. president trump taking a close-up view of the f-87 dreamliner. that compared to what we saw yesterday. >> right. this is donald trump's sweet spot. frankly, he should do more of this and stay on mes

his messaging was boeing and south carolina. by the way, he came out -- >> why the border adjustment? >> we don't need it. we don't need it. he didn't say anything about the exit bank. >> he's for the exit bank. >> i don't know. we're giving him low tax rates. >> you know he is. >> the point is, evan, you have a million lawyers, tax lawyers, you know, detail people. that's not the job of the chief executive of the united states. he's got a vision. >> i agree. >> he's putting that vision out. alls i'm saying is some key decisions will be made about legislative strategy and the republican party has got to get on board, in my view, and get this reconciliation story right because the backbone of economic growth that trump is running on comes from the business tax reform. >> yeah. >> it's also the back bone of the stock market rally. if you wait a year, the economy will under perform, people will postpone decisions, the stock market will be very disappointed. we don't have to wait another year. >> yeah. >> it could be done through re

aircraft and a massive customers for boeing. if there is any poster boy for jobs customers for boeing. if there is any poster boy forjobs it is boeing. you are right that all three are fast—growing and emirates has been around since the 1980s but they are all fast—growing and they purchase a lot of aircraft, they seem purchase a lot of aircraft, they seem to have the money compare to others, but is it at a point where the worry is if president trump says, 0k, the worry is if president trump says, ok, you know what, iam scrubbing the open skies with the uae and the gulf regions, they will save goodbye to boeing and go to airbus. with the buyback and jobs for america, the aerospace industry, not only boeing, sub suppliers and engine manufacturers, are a massive pa rt engine manufacturers, are a massive part of the economy and supportjobs at home. we don't have a unified view in the airline community. the d3 might lobby against gulf carriers but others like federal express have the reverse id and they say the open skies agreeme

workers at boeing who are not part of a union are voting to join. it would be historic given the location and the state of unions in america. >> reporter: in a state where blue collar workers are typically not in a union, boeing's plant in charleston, south carolina, is taes of whether attitudes of workers in the south are changing. nearly 3,000 of the 7500 workers at boeing's plant will vote on joining the international association of machinists. if they say yes, they'll join boeing workers in the seattle area who have long been represented by the union. it would also send a message to president trump who as a candidate hoarded blue coloradoar workers but for the most part he did not embrace leaders. after his electionering feuded over twitter with a steel worker in indianapolis. and he blasted the local union saying if it was any good, it would spend more time working. less time talking. and since taking office, trump has met with numerous ceos at the white house about adding jobs but he has seldom meant fighting for organized labor. does that mat

much thanks to give out here, thanking the boeing folks. talk building a promise he made on the campaign to make it america first. brenda mcmanus said she slept in her car overnight to see the president, the president who got off the 787-10. she said he felt as though he did well talk building jobs. i asked her about that press conference yesterday. she said, look, i'm a die-hard republican. i like when he talks about jobs. i don't like it when he tweets so much. brooke? >> jason, thank you. this is one of those venues that reminds me of campaign rallies you went to so many of with the back drop of the plane, mega rally, crowds. i have a couple more i want to bring into this conversation. cnn political comment airport, ana navarro, andre bower, and the associate editor of the financial times. so welcome to all of you. you and i were chatting as we see the pictures of the president. boeing, in your book, you wrote about the dreamliner and the supply chain. let's just be on balance. on the one hand, this is awesome for america, in south carol

also hitting lifetime highs today, boeing. as you said, boeing's debuting that brand new dream liner. third member of the family flying in a couple weeks. billions in orders for it already. this is very good. >> sandra: the dream liner since its original debut years ago. it's been a game changer for the industry. really a game changer as far as exports from the united states. one of the president trump themes today was to buy american and hire american. that's what one grocery store chain is trying to do in virginia, despite calls for a boycott by anti-trump activists. is that what we're hearing? >> this is wegeman's grocery store. a group called stop trump wine based in charlottesville virginia. they are demanding all grocers as well as retailers and restaurants boycott trump product. wegeman said we're not bowing to this political pressure. here's the statement. how a product performs is our single measure for what stays on our shelves and what goes. wegeman's says they have been carrying trump man since 2008. it was sold th

you had the boeing event today. the epic press conference yesterday, and the big rally, billed as campaign rally in melbourne, florida, about two hours north of here, tomorrow morning, and you know these huge rallies were a hallmark of his campaign. we saw some of them, a little taste of it during the thank you tours during the transition. this will be his first big rally as president of the united states. listen to how he characterized this trip yesterday during that press conference. >> i'll be in melbourne, florida, 5:00 on saturday, and i just heard that the crowds are massive want that to be there. >> reporter: and we're expecting thousands of people to be there at that hangar in melbourne, florida. and after that, president trump is going to be returning to winter white house, mar-a-lago. his third consecutive weekend spent at mar-a-lago, and one of the main things he is likely going to be doing this weekend is meeting with potential candidates to replace michael flynn for national security adviser. and our jo

he will meet with boeing's chief executive. he'll also meet with workers at boeing. remember, he has that complaint about the cost of air force one, we'll see if he can get a better deal on that one. >> this comes, as poppy said, after talking about the cost of air force one for so long. there are also issues of china to deal with. brynn gingras in charleston, brbr brynn, what are you seeing there? >> reporter: this comes three days after workers here had a chance to form a union and unionize. they overwhelmingly turned that down. had it gone the other way, that vote, it would have sent a big message across the country about jobs here in south carolina. of course boeing came here, and a big selling point for them building this plant was to build the 787 dreamliner which the president is coming here to unveil, that enormous plane that boeing has been talking about, specifically for all the workers here in north charleston. and jobs of course is something the president said he's excited to talk about. he tweeted about it a few hours ago. that's certainly something we'l

that is a fresh high for boeing. again, we expect president trump to be here a little after 12:30 or so. and his comments are expected around 12:40 or 45 or so we'll see what he has to say regarding the export/import bank which by the way he has now gone on record to be a supporter of. it will be curious if that once and for all puts to rest any discussion of ending the export/import bank. >> phil, there's also been a curtain raiser that there could be some talk of unions and labor because this comes just after boeing workers shot down the idea of organized labor. what do you know about that? trump's position especially now he has a new labor secretary designee. >> we have not heard he will be touching on that topic. look, that's a hot button issue here in south carolina. we've been down here and we've done stories about how the growth in manufacturing in this state as well as other southern states is being fueled by the fact that for the most part it's a non-union workforce down here. and the fact that the machinist

well, good afternoon, boeing team. >> all right. so actually the ceo of boeing is going to be introducing him so we are going to chat over that for a little bit. i want to bring in my panel to talk to them. this is following obviously that -- it was supposed to be the announcement of a pick, right, yesterday but it ended up being this very long press conference. david, this is a chance for donald trump to talk about jobs, right? >> yeah, one of the core messages that got him elected, this notion of bringing back jobs and we know recently that plant also -- i guess they voted against unionizing so that works into his messaging as well. so this is chance one since that sort of rambling press conference to get back on board followed by tomorrow a campaign rally followed in ten days by a joint session of congress. if donald trump feels that a reset is necessary, perhaps he doesn't, but if he feels a reset is necessary this is an opportunity to bring that. >> do you think that after that press -- he thinks and he's saying thank you for t

as you look at shares to boeing now at an all-time high. so, again, guys, president trump gets here in about 45 minutes. he is going to be meeting with boeing ceo dennis muilenburg, touring the plant, and then eventually we expect to hear from him as they unveil or roll out the first 787-10 dreamliner, the largest dreamliner. guys, back to you. >> yeah, exciting day down there at boeing in south carolina. phil, thank you. for more on some of these policies that phil mentioned, we're joined by former omb director under george w. bush, jim nussle, and seth harris, former deputy labor secretary under president obama. gentlemen, welcome to you both. >> thank you. >> thanks for having us. >> good to be here. >> seth, maybe on this topic of labor, now that president trump has named his new designee for labor secretary, there was some talk going into this visit on boeing having just shot down a proposal, the workers there for organized labor. what is going to be president trump's policies on labor and unions? >> well, president trump ran as a sort

we're working for south carolina, and for boeing. we're here to stay. >> i love the fact that he's looking out for america. >> for boeing ceo dennis mullenberg this is the third time that he has met with donald trump. once at trump tower in new york, once at mar-a-lago in florida and today here in south carolina, as boeing rolled out its newest dreamliner. the 787-10. phil lebeau, "nightly business report," north charleston, south carolina. >>> energy shares weighed on the market today. it tends to be a sector that stocks follow pretty closely. and as bob fasani reports it's not clear if the bulls are in control or the bears. >> the markets may be at new highs but one sector is showing signs and that's big oil. the broad markets drifting higher since the beginning of the year, but oil stocks have been drifting lower. it's not a one-day affair. it's a trend. the evidence is everywhere. chevron's at a new low for the year. exxon mobil is down nearly 10%. the oil and gas exploration and production etf was weighted towards u.s. producers

of the 787 boeing dreamliner. he will also talk about jobs. the european close, we are looking at stocks, which are lower. -- sterling's weakness is boosting the ftse 100. this is bloomberg. ♪ . mark: 30 minutes left in the trading day in europe today, i am mark martin. vonnie: it -- i am mark barton. vonnie: i am a vonnie quinn. ♪ vonnie: you are watching air force one departing joint base andrews on the way to south carolina, he will arrive in north charleston before meeting with the president of mowing and touring via boeing company, we will keep a close eye on that live and also we will bring you the president's weekly address which he is releasing early to the public, releasing that today here and let's go to the white house and our correspondent kevin's are really -- the president en route to north carolina, having already taped his -- with charlton, softer line of -- north charleston, south carolina. >>

some members of the boe suggesting they are not happy with accelerating deflation. the close is next. ♪ mark: welcome back to bloomberg for the european close for it the bank of england raising its forecast. the interesting takeaway is more slack in the economy. those two facts leading many to believe the boe is in a hurry to thee interest rates against dollar. shares down as much as a percent. they warned prices for insulin continue to climb. insurers and payers keep demanding prices. this highlights the issue that novo nordisk has had. look at the rebound. by 1% today. keep executive nick hayek says he expects healthy growth after sales gains in the three months -- leading to a substantial improvement in profitability. election is making european markets very jittery. trade is right now pricing volatility t for april. the storm has put aching in the curve of volatility. record over the march ones. vonnie: let's have a look at u.s. stocks. 19,000 881. camilla ralph lauren down 11%. the dollar in continues to climb. yield at thethe tenure. the treasury market gett

gain, i would just bring you back to the boeing example. in that case, there was about 53 miles of wall that was built and hat came with a price tag of about 1 billion. to in you were to just do a little bit of math there, it be about 40 billion in whole border. the based on how boeing planned that ut guest: you mentioned cement earlier. how does a wall physically look? brick and mortar and steel and then we've read there will either be fencing on side of this wall. what does a wall look like in future do you think? guest: that's a good question. we haven't gotten a lot of trump.s from president we have heard from him that it and tall and ical inpenetratable. things. mean a lot of in the past when we've tried to build walls, they have been but also have had a virtual component with cameras nd sensors and radars in order to catch things that are going bove or below the wall or just areas where you might be able to o around the wall or through it. you also have to be concerned about tunnels as well. looking back at history. he president georg

and god bless boeing. [applause] [cheering] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> tomorrow, president trump speaks to supporters at a rally in melbourne, florida. it is the first rally being held by the president since the inauguration. our live coverage begins at 5:00 p.m. eastern on c-span. president c-span as donald trump delivers his first address to a joint session of congress. >> this congress is going to be the busiest congress we have had in decades. 28 --e tuesday, every february 28 at 9:00 p.m. eastern. it has confirmed scott pruitt to the administrator of the environmental protection agency the vote was 52-46. the swearing-in ceremony took place in the white house three room with supreme court justice samuel alito administering. thank you, it is a pleasure for me to be here to administer the oath to scott pruitt upon his confirmation as the administrator of the epa. , ande in a beautiful venue a historic one. this is called the tree room and important treaties have been signed here over

. >> before his big rally in florida tonight, president trump stopping at a boeing plant in south carolina yesterday. that's where they're making the new dreamliner plane. trump: we want products made by our workers in our factories stamped with those four magnificent words. made in the usa. >> the president promising more manufacturing jobs for the usa and some here are saying that's a big reason why stocks are up. and why consumer confidence and retail sales are up. are they right? hi, everybody, i'm dagen mcdowell. this is bulls and bears. joining us this week welcome, everybody. gary b, we know this. the dow is up more than 4% since the inauguration. the best 30 days for any president since fdr in '45. right, gary b? >> exactly, dagen. look, this is a president who has tapped into what the majority of america wants and why they voted for him. look, we have to remember. we're in this little media bubble. even here in fox news. the vast majority of america does not read the new york times. they don't read the new york post. they don't tune into the academy awards. they don't hear what me

we go outside the boe. if you look at the market reaction, the take away seems to be investors thinking there will be no near-term move in interest-rate and the boe staying neutral. >> absolutely. i am glad that you brought that up, how many ways can you say neutral without saying neutral? mark carney said that the next move in rates could be up or down, and that is something in line with what the voa -- boe was saying in november. remainshe key rate unchanged. the growth forecast for 2017 was upgraded as expected, but the surprise was the inflation forecast between 2017 remaining largely unchanged. that is why we are seeing a weaker sterling in the market, because anything going into the meeting, what investors were expecting, was a different tone, given the strong data we have had recently in terms of growth and inflation. if you are looking for signals on where the bank of england might go next, mark carney was very rested on that today. mark: nevertheless, some members see this -- are a bit more worried

ceo and tour the boeing plant, a rollout for the company's new airline they are debuting. he is facing several questions about his previous campaign relationships with russia, off a fiery press conference we saw yesterday at the white house. we are minutes away from his weekly address as the administration looks to turn the page and again to execute some of their policy agenda within the new congress. vonnie: we will be hearing from mitch mcconnell in the next little while, he will do a wrapup of what is been accomplished over the last month, what will he concentrate on? kevin: he will look ahead, this is one of the first things on the to-do list by congress, rolling back parts of the affordable care act, in addition, they are beginning to lay the groundwork for tax reform and a point of contention among republicans is that order adjustment tax which retailer groups and retailer industries have opposed. there is growing dissent within the republican caucus on opposition to that. several prominent republicans are beginning to come out against that. all of this among several

the president helped to unveil boeing's 787-10 dreamliner airplane. there the president praised the corporation that he once accused of overcharging the government. remember that tweet from a couple minutes ago, air force one cost too much? this is him moments ago in front of a crowd at boeing. >> my focus has been all about jobs. and jobs is one of the primary reasons i'm standing here today as your president. and i will never, ever disappoint you. believe me. i will not disappoint you. i campaigned on the promise that i will do everything in my power to bring the jobs back into america. you heard me say it before, and i will say it again. from now on it's going to be to be america first. that's my message here today. america is going to start winning again, winning like never, ever before. we're not going to let our country be taken advantage of anymore in any way, shape, or form. we love america, and we are going to protect america. we love our workers, and we are going to protect our workers. we're going to fight for our jobs. we're going to fight

they're not unionizing with boeing. that helps the bottom line with boeing. but you have a competition brewing between boeing and lockheed martin when it comes to military aircraft. what do you make of that side of the story and is that good for boeing? >> the union is alive and well in the federal government, but the public sector the hold of union is weakening. look what happened during union-dominated industry during the great recession. they lock in expensive benefits when times are flush, but when times get tough, people get canned. the union is no longer a group that can preserve people's jobs like you are able to. cheryl: todd, final word on boeing, do you think this is good ph foboeing and will see more job creation by boein >> i think it's a great thing for boeing. trump did a great job pitting boeing against lockheed to create competition. i think it is great they didn't go for the union. all things look great moving forward. i think it's a wonderful way to go. cheryl: all right, guys, i have to say, david, what i find interesting about this entire

among workers at the boeing plant, mr. trump told the nation i wouldn't disappoint you. progress on the administration to tell you about. a new epa secretary but president still in the market for a national security advisor after michael flynn's resignation. the president hit social media tweeting about good progress and repealing and replacing obama care. so what is coming? let's do the news! >> i'm harris faulkner in today for shepard smith. president trump said he will create more jobs for americans one day after giving a tongue lashing to the press. he told employees at a boeing factory in north charleston, california saying he will level the playing field for american workers. >> i campaigned on the promise that i will do everything in my power to bring the jobs back into america. we wanted to make it much easier, has to be, to manufacturer in our country. and much harder to leave. >> the president also said from now on, it's going to be america first. he is set to arrive in west palm beach minutes from now to spend the holiday weekend at his resort. progress when i

while visiting that boeing

president trump traveled to unveil the tree minor aircraft that boeing. after words he spoke to reporters. [cheers and applause] >> i have to say i love self carolina. [cheers and applause] remember we came down altogether this would be a place tough to win and we won with a landslide so thanks to the people of south carolina and your governor is tremendous he has supported us from the beginning for the incredible job. thank you very much. you have been fantastic. i have to say also that is one beautiful airplane. [cheers and applause] congratulations to the men and women here who built this. what an amazing piece of art , what an amazing piece of work. thanks for the invitation to be with you today. in the old days when i made this speech i got paid a lot of money now have to do with for nothing. [laughter] not a good deal but that is so k.. it is wonderful to be back in south carolina. wearing is henry? stand up. i am proud of you. he helped us so much. also to your former governor who was doing an awfully good job for us presenting america very well as

again he's going to visit a boeing factory out there. one more bit of news out of the white house, peter, they changed up staff a little bit again, they hired a communications director, is this a hope to keep donald trump more on message? >> reporter: not so much they changed up, they've got one. this was a job sean spicer wassing to as he juggled duties as press secretary. jason miller decided not to be a part of this administration, he was an insider. mike dubke is his name, the founder of crossroads media, a conservative firm but what's notable about it one of the groups fighting to beat back the trump movement over the course of the campaign rubbing some folks close to the president insidehis white house the wrong way. they wanted somebody more of a, he hasn't taken the job officially just yet, he will be taking it over soon. the hope for the white house that struggled with commune indications, conceding publicly that's been the case in some recent occasions most notably with the immigration executive order where they say they had al

the first boeing dreamliner will roll off there. boeing stock straight up. border tax really helps exporters. >> huge support for donald trump. the south carolina one of the first to get hine donald trump's presidential bid. big antiunion state as well. stuart: you got that right. our time is up. neil, it is yours. neil: we'll keep eye on south carolina with the president to be there with boeing ceo, dennis all henneberg. an early convert to addressing donald trump's concerns. big dust-up over the cost of the air force one contract. rather than argue with the president-elect, he thought it best to work with him. that paid huge dividends in contracts but also this visit today. this is part of ongoing theme of the white house. to highlight successes in the in

may god bless the united states of america, and god bless boeing. [cheers and applause] president trump: thank you, everybody. thank you. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> tomorrow, president trump seeks to supporters at a rally in melbourne, florida. it is the first rally being held by the president since the inauguration. live coverage begins at 5 p.m. eastern on c-span. >>/please been as president donald trump delivers his first address to congress. if congress is: going to be the busiest congress in decades. february 28 at 9 p.m. eastern on c-span and c-span.org, and listen live on the free c-span radio app co. -- radio app. >> the senate has confirmed epat pruitt to be the -- administrator. the swearing-in ceremony took place in the white house treaty room with supreme court justice samuel alito delivering the oath. >> thank you. it is a pleasure for me to be here to administer the oath to scott pruitt upon his confirmation as the administrator of the epa. andre in a beautiful venue, historic one.this is called the indian treaty room , and

boeing is set to face even more competition. it is important that it gets a deal from singapore air. shery: i don't care how deep my pockets are, i hate flying. [laughter] thanks for joining us. the markets not unchanged, gaining in the morning session. nikkeihanged, while the continues to be in the red, down 4/10 of 1%. that is it for this edition of "bloomberg markets: middle east ." all of the top stories coming up next. ♪ >> at 1 p.m. in hong kong. i that update of the top stories. boeing is the front runner of an order from singapore airlines worth $14 billion. the carrier is set to be considering buying 20 of the long-range triple seven jets. and at least seven of the dreamliner's. singapore airlines is studying a rival offer from airbus. softbank is rising in tokyo. they have continued to incur losses at the u.s. sprint unit. softbank up

got boeing in. but i told boeing it's not good enough. to do it.going the price is still too high. jet, we wereighter hundreds of billions of dollars overbudget. seven years late, great plane. lock heed martin. a great plane. so think of it, there's seven ears late, hundreds of -- billions of dollars over budget. other than by the way the is going extremely well. folks in from lockheed martin who are terrific terrific product by the way. ty also got boeing in. i said do me a favor. competing offer. and now they're competing and fighting and we've gotten of millions of dollars off the price of a plane that ordered.g to be in other words, if my opponent got in, there would have been no made to lockheed and boeing. they would have signed contracts. so they're going make plenty of it's going to be a lot ess than they would have made without trump. you might as well know about it. nobody talks -- by the way, for fighter jets, one of the biggest orders in the history of aviation. order for the f-35. you've been read aring about it. because it was a disaster under administration. a disast

in that case, then, there is the long—running competition between boeing and airbus, presumably boeing will be pushing very hard to ride on the back of donald trump's ambitions for by american, higher american. what could that potentially do to the balance between the two major players? i think it would depend on if they exist, but i think a lot of the fleet order from these airlines has already been placed, so to cancel those would cost a lot of money, to purchase american, they would have to say, ok, if we are denied landing rights everywhere that we want to fly to under the bilateral agreement, if that we want to fly to under the bilateralagreement, if that that we want to fly to under the bilateral agreement, if that gets torn up, then we have to reassess where those aircraft are positioned. but to suddenly switch from airbus to boeing can take a number of years and therefore may not be physically oi’ and therefore may not be physically or financially viable. we and therefore may not be physically orfinancially viable. we have and therefore may not be physically or financially vi

. >> boeing? >> boeing on a day where nfpb beats. >> i've already sold boeing because of the tweet. i guess i can buy it back now. >> yes, you can. i told you you would, but i thought it'd be later. i didn't know it would be later. >> too good. that's an interesting -- wow. i don't know. sometimes i see those relationships like from our friend kensho. but i always come back to this case by case because if the president tweets i want to nix that boeing deal at 833. huh-uh. i mean, like i don't know, probably praying for schwarzenegger and knocking boeing. >> the president did make what appears to be a light hearted joke at the prayer breakfast today about praying for schwarzenegger's ratings on "celebrity apprentice". >> that's a wide raising beneficial whatever -- i don't know. >> here's the opening bell on the s&p. the bottom of your screen. at the big board today it's teach for america recruiting promising teachers to serve in low income communities. at the nasdaq the breast cancer research foun

reticle for boeing as well. why? saidspondent: boeing has it will cut output of its current bottle. understandably, it has been trying to secure sales of its new aircraft. if and when singapore air signs the dotted line, it should give boeing the room it needs. even those who are trying to be part of it are set to debut is made in china just this year. it is a narrowbody c 199 in the making. it has a lot of problems with it. was scheduled to take to the sky back in 2015. that got pushed back several times. set to faceirbus more competition. it is a battleground. rishaad: thank you very much. may have gotten the yuan into its sweet spot, boosting the country's competitiveness. new claims from washington about deliberate undervaluation. k, or designk -- luc here? how did policymakers pull this off? correspondent: a bit of both, probably. the honeymoon period you talked about is pretty well illustrated by this chart. since the beginning of this year, you will see that your wan versus the bulk of -- the land -- the yuan that has strengthened almost as much as it has weakened. competitiv

what exactly he told the people at boeing in south carolina coming up in a few moments. back on the hill this afternoon, the senate officially confirms scott pruitt to lead the epa, a department he built a career fighting in court. he has sued and fought the epa tooth and nail over regulations, particularly when it comes to fracing. we'll get into that. >>> finally, what do coal miners have to say about president trump after he signed a roll-back of regulations on mining waste and water waste. that's coming up as well. we have our panel of pros to walk us through all of this. we'll start by talking about this afternoon's main event, president trump's speech to boeing workers in north charleston, south carolina, the main topics there, industry, factories and defense. >> we're also working on the air force one project, which was a difficult project for previous administrations, but it looks like we're getting closer and closer.

. >>> and breaking overnight, a setback for organized labor courtesy of workers at a south carolina boeing plant. they voted roughly 3-1 against joining are the machinist union. fewer than 2% of south carolina, about 52,000 are union members. the union's main organizer says boeing put a lot of money into influencing its workers. >> i think you know, a lot that comes into play is human nature. boeing put on a very strong smear campaign, you know, i think it might have caused some people to change their focus as what it was really fighting for. >> manufacturers have been drawn to the south because of its anti-union history. the machinists have to wait at least a year to petition another vote. >>> north dakota's governor has sign add emergency evacuation or protests are. it's the latest attempt to clear the camp that served as the base for those opposed to the nearly $4 billion project. protesters now have till february 22nd to leave, that's the same deadline set by the army which owns the land. the governor says the camp poses a threat to the protesters and the environment. >>> researchers h

look at this, boeing. some of these companies, i don't think people realize, because i think a lot of them just say, look, trump, trump, trump, and trump is weak. right now, it is a bad week for trump. we grade trump every day. the fact is, boeing has huge cash flow. the cash flow is the determinant of this quarter. boeing's cash flow, comcast, caterpill caterpillar's surprising cash flow. >> we started off the show with the comments from the chinese foreign minister th. boeing needs china. they split the orders 50/50 right now. airbus boeing. what if that changed? >> it would be very big. >> suboptimal, wouldn't it? >> ill advised, if you were going to come down on the chinese in terms of boeing. i think trump is interested in saving certain industries or bringing back manufacturing. but boeing is the great manufacturer of this country. be careful. that's me saying, be careful. >> right. but that is a key consideration, isn't it, where things are going to go with the u.s. and china, in terms of relations.

a big moment at boeing. has this and then he goes off on twitter about the fake news media and, you know, had to drop the word sick which i'm sure was heartbreaking for him because he had to add in more news organizations. skeersly, why not capitalize on the fact that he had a good day at boeing? he looked presidential. everything was going his way. >> sure. he's an equal opportunity employer including more news organizes. it's a personal attack on the media. i think the public at large views the media with suspicion. i think when he attacks the media he highlights the coverage, encourages viewers to view the media and their coverage with discerning eye particularly when there are gaps in the facts like the flynn transcript and left wing commentators inserting wild speck haitian. i think when he calls out the media it encourages the public to scrutinize the public and the press and it is a win, supplements his message. >> keith, while kayleigh may have some points, i disagree on one important thing. the enem

boeing has said it will cut output of its current model. if and when seeing air sealed the deal, it should give boeing the boost it needs. the aircraft manufacturing space is getting increasingly competitive. even the chinese are starting to get into the market. they will debut a new chinese made jet later this year. it was scheduled to take to the skies back in 2015 but was pushed back again and again. as you can imagine, boeing and airbus are set to they best face more competition as more manufacturers get into the game. yvonne: thank you. that report from singapore. shares are rallying 1.5% in tokyo. the japanese company posted a third-quarter profit of 814 million dollars. they are focused on japan's business right now. doing as they are not badly as it has been doing in the past. take a look at the numbers for softbank postings. they said third-quarter profits 814 million dollars. it was a miss at that front. it was falling 3.2%. expectations were set at $2.6 billion. they do not give a four year forecast. it has been a problem for som

boeing. he's a lead negotiator with boeing's aco and he will focus on contracting with providers and their aco experience. with that, let me start with ellie and we'll move from there. >> thank you, alice and thank you all for being here today. there are so many different levers we as employers utilize to be able to influence healthcare at our organizations. we're all going to touch on different ones as alice has introduced. i will talk about how we have really focused on consumerism, how we focus on helping our team members make better decisions around their health care and specifically how we do that by utilizing health savings accounts. we are one of america's largest private employers and offer health insurance to 99% of our team members. to all our part-time and full time team members. so under that we offer heath benefits to about 515,000 americans between our team members and their families. this is a big investment for us. it's several billion dollars a year. within that we cover abou