the chinese need boeing more than boeing needs china? i bet you mullenberg will tell you that i'm sorry, things are better, the stock market took a big hit because of powell, if powell doesn't blow it, we're going to go back. it is not the companies. look at apple. apple is still making -- the dollar crushed apple who talks about that what we hear about is apple lacks innovation i don't know it is getting me angry, joe. it is getting me angry. >> boeing said we finally did $100 billion in revenue for the year but apple's revenue is disappointing at $84 billion for the quarter. >> yeah. i think that we should all just own shares in shaome thank you for saying china was weak everything is powerful and we're nothing, we're pitiful helpless chi giant, back to when nixon ran the country. things are doing well, like the s&p. they didn't pick those 500 companies out of the hat, by the way. they're doing well. >> jim, on boeing, would they ever split that stock? >> i wish. you know, these institutions tell them if you split the stock, we have to

uphil lebea has more on boeing's big earnings beat. >> pardon the pun, boeing is aring right now, delivering record earnings, revenue and cash flow in the fourth quarter. boeing's ceo says it's proof the company is performing at a higher level. >> i think what you see reflected here is a strong growth in the aerospace industrd the marketplace. in a way we're leveraging that growth as we ramp up commercial airplane production. we're driving bottom line profitability nd cash flow while we're doing that. >> boeing's earnings are surging thanks in largeart to the company's most popular plane, the 737, where monthly production has steadily dliecli higher, pushing airplane deliveries to a record high. >> deliveries are in place and the fe cash flow is there so we view any pullback as an opportunity on the stock. >> supporting the heoutlook, fact more people around the world are flying somewhere. in recent years roughly 4 billion people have taken to the skies, so airlines around the world are ordering more planes. >> the world needs 43,000 new airplanes over the next 20 years, abo 7700 o those are

so i don't like boeing here honestly and yes you're absolutely right boeing has been hit by a lot of the tariff wars but i'm thinking if we can see in a loop resolution with these tariff wars and the next month or two that can especially have a positive impact on boeing i'm looking forward to trade up to about a four twenty price point and you know as far as the stock split yes boeing does have a history of stock splits and if boeing does have a stock split that would make me even more bullish because that would bring down the price for other investors to be able to come in at a lower price than continue pushing up the stock of one of the best airliners out there so i really like boeing and i'm not the intimating anything here but. that boeing award today i thought it was interesting and you know patrick shanahan the acting secretary of defense back in the day worked for boeing so i'm sure that doesn't help i'm not saying anything different whatsoever but that usually never hurts maybe he's recused himself or for all i know adam people love and i love to talk about cosco i love to ta

so i like boeing here honestly and yes you're absolutely right boeing has been hit by a lot of the tariff wars but i'm thinking if we can see an aloof resolution with these tariff wars and the next month or two that can especially have a positive impact on boeing i'm looking forward to trade up to about a four twenty price point and you know as far as the stock split yes boeing does have a history of stock splits and if boeing does have a stock split that would make me even more bullish because that would bring down the price for other investors to be able to come in at a lower price and continue pushing up the stock of one of the best airliners out there so i really like boeing and. intimating anything here but that boeing ward today i thought it was interesting and you know patrick shanahan the acting secretary of defense back in the day worked for boeing so i'm sure that doesn't help i'm not saying anything different whatsoever but that usually never never hurts maybe he's recused himself or for all i know. people love and i love to talk about cosco i love to talk about it because it's

so i like boeing here honestly and yes you're absolutely right boeing has been hit by a lot of the tariff wars but i'm thinking if we can see an aloof resolution with these tariff wars and the next month or two that can especially have a positive impact on boeing i'm looking forward to trade up to about a four twenty price point and you know as far as the stock split yes boeing does have a history of stock splits and if boeing does have a stock split that would make me even more bullish because that would bring down the price for other investors to be able to come in at a lower price and continue pushing up the stock of one of the best airliners out there so i really like boeing and. intimating anything here but that boeing zero zero zero award today i thought it was interesting and you know patrick shanahan the acting secretary of defense back in the day worked for boeing so i'm sure that doesn't help i'm not saying anything different whatsoever but that usually never never hurts maybe he's recused himself or for all i know. people love and i love to talk about cosco i love to talk about

boeing's announcement and boeing's surfaces business is much more interesting to me than apple's services business. >> great stuff thank you so much for your time today. paul meeks with a surprise pick outside of the tech space today. >>> we have breaking news on jamie dimon. what is happening? >> yes, indeed so a statement from the jpmorgan chairman and ceo jamie dimon about income tax levels and context here this comes in part in response to some presidential candidates and another politicians outlining they feel the income tax and capital gains tax on the wealthy should be going up so it's in part of response so that, but also of the fact that jim dimon has been a supporter of the cut here's what he has to say about income tax level he says quote, i believe individuals earning the most can afford to pay more i have no problem paying higher taxes to address some fundamental challenges and equities in our society. however, we need to ensure our tax dollars are going where they can be most effective like expanding the earned income tax credit and other programs that support the people in

this plane was so big that boeing bet the company. here in the united states, we call them the ‘greatest generation'. they came through the depression, they lived that hard life, they fought the war, they had been tested. they believed that they could do anything. pan am's juan trippe insisted there be two decks. people would come to him and say, "we can't add a second level to this aeroplane". and he had this expression, "well, don't you see..." and he'd start in, "well, don't you see, if we did this...?" and he would wear people down. and he got what he wanted — revolution, not evolution. the giant was born. huge. it was breathtaking. we stepped into the plant and in front of us was this monstrous 747. i can't repeat what everybody says when they first take a look at this aeroplane. it was a massive wake—up call. file: september 30th, 1968. the first giant 747 is presented to the world. dad was thrilled when the 747 was actually a reality. a world launch, but few knew it still couldn't fly. today, that very first 747 rests at

boeing, i don't know necessarily if you get the read for boeing into the chinese economy you think to yourself for a second, if you're ordering a plane from boeing and you're the chinese, you're not going to cancel the plane because of kind of what's going on i don't know if you get the read through there. apple to me, the expectations were met they were low enough i think to lori's point, that's what this is about lowering the expectation on earnings which gives you an opportunity to meet them going forward. >> my answer is no it doesn't make sense multiple expansion at this point in the -- >> lori's target >> i'm completely disagreeing. you have earnings going from 20% down to single digits. what's your historical basis >> it's the work we have done about what pressures the pe multiples themselves we found you get that compression when you're in the fed tightening cycle. >> you've tightened four times >> we look at the amount we did 28% we just did it a heck of a lot faster >> you surely can't compare the multiples and the tech bubble to the multiples we have now. >> the multiples s

boeing doing its part today. up more than 6% after posting blowout earnings our phil lebeau joining us with more from freezing chicago where the polar vortex cold snap we hear, phil, has already been felt. >> reporter: it is chilly here but over at boeing headquarters, boy, is it hot, including a very hot and impressive fourth quarter earnings report for the aerospace giant. the company earning $5.48 a share. that was 90 cents better than the street expectation and that's the reason you see this, a pop of more than 6% for boeing shares the fourth quarter, listen to this record revenue, record free cash flow there's really very little not to like in this earnings report from boeing. its annual revenue, by the way, last year topped $100 billion for the first time a lot of this is due to the increased delivery rate when it comes to commercial airplanes which brings us what's the guidance for 2019? it's impressive. a boost of almost 10% up to 905 commercial airplanes, almost all of them exclusively 737s we'll speak t

this plane was so big that boeing bet the company. here in the united states, we call them the ‘greatest generation'. they came through the depression, they lived that hard life, they fought the war, they had been tested. they believed that they could do anything. pan am's juan trippe insisted there be two decks. people would come to him and say, "we can't add a second level to this aeroplane." and he had this expression, "well, don't you see..." and he'd start in, "well, don't you see, if we did this...?" and he would wear people down. and he got what he wanted — revolution, not evolution. the giant was born. huge. it was breathtaking. we stepped into the plant and in front of us was this monstrous 747. i can't repeat what everybody says when they first take a look at this aeroplane. it was a massive wake—up call. music sting. file: september 30th, 1968. the first giant 747 is presented to the world. dad was thrilled when the 747 was actually a reality. a world launch, but few knew it still couldn't fly. today, that very first

dowou take a look at the and boeing year, boeing is far outpacing it, but they are both putting in strong growth. also seeing boeing results having a strong impact on it. you can see how the stock really spiked when boeing's numbers came out a little early today. also, a lot of them gaining on the news today. there will certainly be some questions about the supply chain. because a lot of those suppliers have been squeezed, but also boeing's growth is really dependent on increasing their jetline reduction, and they have faced trouble him's with a shortage of parts in this last year. vonnie: a little surprising because the boeing outlook is somewhat at odds with the other outlooks. reporter: that is exactly right. . they have signaled concerned about a slowdown or weakness, particularly in china. caterpillar come out early this week. by reallybuttressed strong demand for commercial aircraft as more people want to fly, and particularly in china, as the middle class grows there. still, george ferguson at bloomberg intelligence saying this downturn is the biggest wrist. -- biggest risk. other

and the nasdaq is up 62 on these boeing numbers. it's not just boeing in the market. it's also general dynamics, better than expected for the fourth quarter as well. that stock is up. dagen: another contributor to the dow futures being to the plus side by 253 is apple stock being up. i think that's adding more than 50 points to the dow futures at this point. again, apple lost a third of its value since the middle of last year, since dan niles warned people about owning the company and it came out with revenue from other products and services, up 19%. that's the highlight. iphone revenue was down 15%. first holiday quarter decline in revenue an profits in more than a decade. but again, it's that services number that's really giving a lift to apple stock. it's up a 5.5%. maria: it's apple and it's boeing today really lifting markets. go ahead, michael. >> on those apple services, the margins on that business also surprising to the upside. again, upside surprise. that's not a surprise that iphones are down 15%. we know it if you were watching you and dan niles in october

fine but i think boeing is boeing specific so i wouldn't say -- if boeing beats i wouldn't take that as a tell for the rest of the space. >>> what should you buy amid the busy earnings season carter worth is looking at heroes and zeros and you have a record number of charts to share with us. >> let's go quickly then first the s&p. everyone know this is chart but sometimes the most obvious things are the things to stare at we know the peak was exactly 2940.91 on september 21. we have a three-month decline. we ended on christmas eve at 232 2346.58. we've had a perfect recovery of exactly 50% of the declining move you could call it a retracement, call it fibonacci, but the point is we've climbed back exactly one half of the proceeding move. there it is. that's the 50% level it's been here for a week and it's been stuck. the bull says can you believe this we've climbed back 50% the bear says can you believe this we've already climbed back 50% so quickly it's too steep, it's impetuous, not sustainable i'm in the latter camp i think it struggles and fails and we test those lows in terms of

. >>> leading the dow higher today was boeing. the stock was up mor than3.5% despite reporting slightly fewer deliveries than expected i 2018. boeing also said that the backlog of orders has actually grown. as phil lebeau reports, that's welcome news for shareholders. >> reporter: for all the concerns on wall street that airplanecommercial business may be flying into a rough patch, 2018 orders and deliveries paint a different picture. while boeing fell justf short its guidance for deliveries last year, the compa still s a record, turning over 806 planes customers. the increase due in large part to the company's most popular model, t 737. last year boeing raised production of that plane to 52 a month, and it's scheduled to hit 57 a month this year. even more important for investors, boeing'soo order grew by almost 900 planes year. despite concerns the president's trade war with china could hurt business, boeintill sees strong demand from chinese that's important, because one out of every four planes in boeing's order bk is schedule

stramg for veterans at boeing. jason is a graduate of the u.s. military academy at west point. while deployed to afghanistan in 2012, he was wounded by a dismounted ied. while on foot patrol. he medically retired from the army with the rank of captain. jason's awards and decorations include the bronze star and purple heart. moderating the boeing lecture is harris faulkner, co-host of "outnumbered" and host of "outnumbered overtime" on the fox news channel author of "9 rules of engagement: a military brat's guide to life & success." faulkner, the winner of multiple emmy awards, will call upon her own background in a military family to lead our discussion this evening. on behalf of boeing, we're grateful to harris, mary beth, to jason and admiral bill mccraven. before harris brings the panel out, we will begin with a short video on the inaugural bush institute stand to veteran leadership program. thank you very much. i look forward to the evening with you. [ applause ] >> our veterans are a tremendous national asset.

investors may have had to buckle their belts as boeing stock price wavered. dropping below three hundred dollars per share some say on concerns related to that boeing seven thirty seven max eight that had some problems like you know one of the planes falling out of the sky and crashing into the java cease killing all hundred eighty eight people on that line air flight in late october but boeing seems to be cruising comfortably in fact the stock price flew above the all time price high reach early in early october of last year. and another u.s. based company with significant vulnerability to the u.s. china trade conflict apple also seems to be showing resilience that all lower level with an earnings report that boosted their stock price by six percent you can see that jump on the news there i think it went from one fifty five to one sixty five apple revenue for q four revenue was eighty four point three billion dollars that figure was a five percent fall for the same quarter in two thousand and seventeen but above expectations apple's all time price high was b

from foreign companies seeking to do business in china and speaking of trade airplane manufacture a boeing seems to be flying high above the turbulence in a transpacific economic currents the seattle based company dropped a blockbuster earnings report today that seemed to fall out of the clear blue sky with revenue of twenty eight point three billion dollars in the fourth quarter and a total of one hundred one point one billion dollars for all of last year they q four revenue figure came in above market expectations by a billion dollars perhaps the experts aren't so expert look at that boeing bump today on the news from the three hundred sixty four dollars per share to three ninety one while boeing investors may have had to buckle their belt as boeing stock price wavered recently dropping below three hundred dollars per share some say on concerns related to that boeing seven thirty seven max eight that had some problems like you know one of the planes falling out of the sky and crashing into the java cease killing all hundred eighty eight people on that lion air flight in late october but

investors may have had to buckle their belt as boeing stock price wavered recently dropping below three hundred dollars per share some say on concerns related to that boeing seven thirty seven max eight that had some problems like you know one of the planes falling. of the sky and crashing into the job of cease killing all hundred eighty eight people in that lion air flight in late october but boeing seems to be cruising comfortably in fact the stock price flew above the all time price high reach early in early october of last year. and another u.s. based company with significant vulnerability to the u.s. china trade conflict apple also seems to be showing resilience that all lower level with an earnings report that boosted their stock price by six percent you can see that jump on the news there i think it went from one fifty five to one sixty five apple revenue for q four revenue was eighty four point three billion dollars that figure was a five percent fall for the same quarter in two thousand and seventeen but above expectations apple's all time price high was back in early october a

the last story is boeing. that stock is soaring right now after reporting a record revenue -- increased comp sales. this is a really important story. we are not talking about going specifically -- boeing specifically. what does it tell us about the global economy? binky: it is a more mixed picture than what is being priced and. as long as we are not in , we need a number of things to fall in place, but the baseline view is that growth is taking a pause. belong -- be long especially in industrials, which have been beaten up in the trade war. alix: if boeing gave these results last quarter, would you have been as optimistic about cyclicals and industrials? began in theatdown third week of may. and decembermber accelerated this relative underperformance. unless you are going into recession, it doesn't make any sense. alix: where does that leave value? binky: you look at value versus differently, we tie the performance of value in terms of the aspect of value that should perform to the stage of the business cycle.

donald in nevada, would you be buying boeing? >> boeing is a great company i guess i reject the premise of buying something going into earnings i think professionals tend to react to earnings. if boeing were to report a quarter, that short term is not great and the stock gets hammered but they want to be long term investors. they would use that to establish or add to a position i don't know a lot of professional who is say such and such is about to report today. let me play roulette and put my chips on black or red. thats to be an environment, an earnings environment where there are these huge binary out comes especially today down side it's a great company i'm not a buyer of the stock because they have earnings >> give me something on boeing real quick >> my number one position. 5% waiting boeing is a cash flow monster. if you want to own a name going into the trade deal, it's boeing >> okay. your turn. mark -- marque in california. >> it was trading at 22. now it's 16. it's a good defensive play i would be adding no these posit

boeing took a series of charges tied to the program. i asked whether investors should expect to see more of those. she declined to comment as the aerospace giant prepares to report earnings next wednesday i did speak with the u.s. air force secretary heather wilson about the tanker program and more >> there's always technical issues when you take a new weapon system like this, and actually there are fewer technical issues than there are on most major prokurmcurements. boeing has a fixed contract they have been working to and agreed with the air force to fix items that we found that are problematic, so we're ready to take the next step which is operational test and evaluation and get these aircraft in the air. >> they're worried we hit peak spending in terms of the u.s. defense budget are they misinformed to think that >> no, the irony here is that as a percentage of gross domestic product, we're at historic lows for what we are asking our country men to do to support our nation's defense, 3.5% of gdp we spend on defense, and i don't thi

you can't get a boeing plane for many when the boeing. not even airbus. you can't match the quality and excellence of this company. stuart: 324 points. 24,900. 1500 points away from the all-time high for the dow. we are going across that level. >> right in the mess of what they call key resistance. i've been talking for this for two weeks. i think it is the number now through they are about to say. will definitely be tested. stuart: because 26,000. >> no doubt in my mind. a lot of people believe 2600 is s&p and tested at all-time highs it looks absolutely phenomenal. oval or sold bounce to something a lot more presence. stuart: you should come on the show. more often. what is your show? >> 2:00 p.m. stuart: what's it called? >> making money with charles payne. stuart: i'm watching. i'm watching. nobody calls a broker these days. you can get online and buy it. >> i still get paper paychecks. i'm old-school. stuart: do you? >> they've been after me. they may stop hating me because the last one didn't come. it's been a week. what's up. is that the final mess

at boeing. for a senior manager at boeing global engagement, responsible for excomputing our strategy for veterans at boeing. the graduate of academy at west point. while we employed to afghanistan in 2012 he was wounded by a dismounted ied while on foot patrol. he medically retired from the army with the rank of captain. jason's awards and decorations includes a bronze star and purple heart. moderating the boeing lecture it harris faulkner, co-host of outnumbered and host of outnumbered overtime on the fox news channel. she's the author of "nine rules of engagement, a military brat's guide to life and success", faulkner winner of multiple emmy awards will call on her background from a military family to lead our discussion. on behalf of boeing, we're grateful to harris, mary beth, and mcraven. and we'll look at the stand to leadership program. thank you very much, i look forward to the evening with you. [applaus [applause] >> our veterans are a tremendous national asset. they have learned perso

the boeing numbers coming out a few moments ago. >> morgan, boeing shares are moving higher despite the company reported slightly fewer number of deliveries than previous the guidance was for 810 and 815 commercial aircraft. boeing delivered 806 they rallied in terms of 737 deliveries in the second half of the year they had supply chain issues that dragged down delivery in the second and third quarters. that started to change in the fourth quarter in terms of orders 893. $143.7 billion the backlog stands at seven years for boeing the stock moves higher following deliveries just shy of company guidance guys, back to you. >> phil, thank you shares are up 2.5% seven years. that is a case of this being a defensive play getting back to the conversation around tech stocks, specifically paul and mark. paul, i'll go back to you. in terms of the market volatility this year and this uncertainty around china and gl slowing global growth. ipo. comments from uber from "the wall street journal" overnight what do you expect from the mega an unicorn names going public this year? will they remain on tra

current defense secretary was a former boeing executive. so it is a bit of a complex story with boeing. shery: thank you for explaining it. [laughter] thank you. coming up next, government shutdown in its 20th day. we will year from democratic congressman tim ryan from ohio on the progress. this is bloomberg. ♪ ♪ kevin: this is bloomberg "balance of power." i am kevin cirilli. shery: i am shery ahn. at this hour, we would like to welcome our audience. the bloomberg first word news, we go to mark crumpton. is headingdent trump to the u.s. mexico border today where he wants to build a wall. his flying to mcallen, texas where he will meet of border patrol agents and take part in a roundtable discussion for you before leaving, the president has said that he has usingled out the idea of an emergency declaration to circumvent congress to fund the border wall. pres. trump: i have the absolute right to declare a national emergency. ie lawyers have advised me, am not prepared to do that yet, but if i have to, i will. i have no doubt about it. i

boeing pushing up the doubt. microsoft and the others boost it. s&p up .75%. before the fomc meeting, the 10 year yield, 2.72%. a stronger yuan as well. peso, back above the 19 mark. let's take a looking our global macro movers. inventories which did show a build, not as big of a build as anticipated. wti up 2.4%. copper also coming back a little bit. not so much the iron ore, though. guy: let's turn to our european banks. first up, the santander chair says the bank will push ahead with a new strategic plan. this, after reporting better-than-expected earnings. we are very proud of our results, actually. it has been an excellent year. we have grown profitability, we have strengthened the balance sheet. spain has done a great job with integration and the numbers. brazil and mexico have done really well with profits up. 42% on ans up underlying basis. it's showing really good underlying trends in all of our businesses. >> you've come to the end of your three year plan. what is next? >> our next business plan, we will show to the market in april, we will continue

i'm going to trade boeing. i think their numbers are solid and the company is first class. >> b.k. >> a couple of weeks ago people were buying steel stocks because they thought there was a wall being built. doesn't liook like it so sell it >> brian, thanks for hosting, big o.a. knows this, the other brian. funny things going on, newmont. >> i like that call. >> that deal they made recently. >> big show coming up. >> that does it for us "options action" is next everything i buy. % cash n and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪ >>> welcome. we are live, as always, as nasdaq's times square and we have gut a

. >>> boeing may be nearing a $3.5 billion deal with japan's largest airline. the manufacturer is reportedly in talks with a & a airlines to sell 30 boeing 737 max jets. a deal would be announced later today. it would be the newest version of boeing best-selling 737 fleet. >>> and sonic drivethrough restaurant is adding deep fried oreos to the menu. the new option called oreo a la modeludes hot battered and fried oreo cookie served with v. the treat mimics a decadent item that's usually found at a fair. it's available until march 4th. the fast food is also launching another from cinnamon called cinnasnacks. anne-marie. >> okay. so, i don't know how many of these you get, but i looked up the general calorie count for five of those oreos, it's nearly 900. i'm not saying you can't eat it. but i'm just saying plan accordingly. >> i guess, if peaches are out, fried oreos are in? i don't know. >> i like your thinking, diane king hall. thank you very much. diane at the new york stock exchange. >>> still to come. seeing double. an oklahoma couple with twins gets anothe

rival boeing could be finalized before the end of the year the agreement would. eighty percent of its profitable commercial divisions and boeing for four point two billion dollars before taking office incoming president. had expressed concern boeing could eventually take over and completely the company is of strategic importance to the country and the government as it also produces military planes but the government has now said it would green light the deal. and a reminder of the top stories we're following for you the runner up in the democratic republic of congo's presidential election has said he will challenge the result in court disputed results rest of the congolese government has told the international community to back. a saudi woman who fled her family is on her way to canada where she's been given asylum mohammed new made global headlines after barricading herself in a hotel room at bangkok airport. and heavy snow has swept into the balkans and southeastern europe after burying southern germany and austria the army has been brought in to clear snow in

boeing did rather well. emma: a company that is different -- we heard from caterpillar this week and apple, all citing concerns about china. from the benefiting huge demand for air travel. next we will, continue to talk about the u.s.-china trade negotiations. a man who has served as the u.s. treasury representative in beijing taking us through what is possible and what isn't so possible. this is bloomberg. ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. david: this is "balance of power." westin.d for bloomberg first word news, we go to mark crumpton. mark: president trump is dismissing warnings from -- from national intelligence officials let north korea is unlikely to dismantle

so it shows the company's first successful test of its prototype flying car boeing is among a handful of companies working on developing a thomas air transport others include and a start up backed by glue founder larry page. that's a show thanks for watching of excess full day. grease is the first. response to you is promoting intelligent technology to make fit for the future. the government keeps throwing off details in its way. but he's convinced that solutions the only way out of the financial crisis. enjoy the conflict zone confronting the powerful. back six to each passing day it's come to mean a more united kingdom on the moon damaged week a government i guess this week here in london is changing. meeting brant said campaigning on a conservative and how did britain get into this crisis and how's it going to get out of this conflict. in sixty minutes. long. serial killers. some. violent robber gangs. and ugly and a prison feature of life in one nine hundred twenty s. berlin. but the criminals don't reckon with the detective superintendent just came out. revolutionizes from windso

boeing if you think china's a problem, you check the shares of boeing which are down 3%. that's not helping the dow either right now either. boeing will report later this week this is going to be tough to come back from this. >> even a company that reported great companies last week, united rentals, is feeling pressure from caterpillar this morning. just tells you the concern around the whole sector even for companies that have given an outlook, given earnings, and have delivered >> i think also the context. right? the market was basically flat last week from a level where people said, well, makes sense to have a bit of a pullback here yes in those sectors, the kind of industrial area will see some damage at least in the morning >>> coming up, shutdown showdown just three weeks for a deal and the president saying another shutdown is certainly an option. if you were flying on friday, you felt the effects at the airport. thepresident of the national air traffic controllers association joining us after the break. and then john taylor joins us. "squawk box" will be right back

boeing says it has conducted its first test flight of a driverless air taxi. the craft -- which is 30 feet long and 28 feet wide -- took off, hovered and landed, but did not fly forward. according to boeing, the flight lasted less than a minute. no one was on board. the prototype designed to fly up to 50 miles at a time using an electric propulsion system. there is no word on when boeing expects the self flying taxi to be ready for the public. ( james ) coming up after the break... san jose police are still looking for the person that shot and killed someone near s-j-s-u. back to the kron four morning news... lets start the half hour with a check of weather and traffic... a nice start to the new week as temperatures today peak well up into the 60's across the bay. skies won't be quite as clear as they were yesterday with an isolated shower possible along the coast. temperatures will stay warm in the days to come with showers around the corner later in the week. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less

but let's face it, you can substitute for apple you can't easily substitute for boeing i don't think you can tar all these companies that have china exposures with the same brush. >> so the two categories with value in this market are beat-up tech stocks and companies exposed to china what really caught my attention is you even like general electric, which is sort of -- it has china exposure, but it's also a story in and of itself in terms of being a turn-around story. >> ge has been so beaten up that at this stage if the management can chew gum and walk at the same time people will think they're geniuses it's a stock that i'm buying because people don't expect it to do much i think it still has some solid businesses that if it plays its cards right, you could see a significant recovery in the stock. >> professor, is it cheap? is there value there i've tried to make the argument there's a sum of the parts argument is that what you want to do or do you just think it's about chewing gum and walking? >> i think in a sense the quality of the management is how easily they can disentangle

i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed . martin take ads out between anderson cooper between rachel maddow and chris hayes ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again. sorry we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that we've starved hundreds of thousands of you many children women and children they're noticing saudi arabia and you know they behead people they behead poets they they execute l g b t and so here is a story that we've pointed out years ago under obama but now is becoming news under trump. this is from politic

i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed . martin take ads out between anderson cooper between rachel maddow and chris hayes ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again. sorry we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that we've starved hundreds of thousands of you many children women and children they're noticing saudi arabia and you know they behead people they behead poets they. execute l.g.b. t. and so here is a story that we've pointed out years ago under obama but now is. becoming news under trump. this is from politico

i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed . martin take ads out between anderson cooper between rachel maddow and chris hayes ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again. soria we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that we've starved hundreds of thousands of you many children women and children they're noticing saudi arabia and you know they behead people they behead poets they they execute l.g.b. t. and so here is a story that we've pointed out years ago under obama but now is becoming news under trump. this is from polit

i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed. martin take ads out between anderson cooper between rachel maddow and chris hayes ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again a story we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that we've starved hundreds of thousands of you many children women and children there notice things out here and you know they behead people they behead poets they. execute l g b t and so here is a story that we've pointed out years ago under obama but now is becoming news under trump. this is from politico and

i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed. martin take ads out between anderson cooper between rachel maddow and chris hayes essays ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again. a story we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that we've starved hundreds of thousands of you many children women and children they're noticing saudi arabia and you know they behead people they behead poets they. execute l.g.b. t. and so here is a story that we've pointed out years ago under obama but now is becoming news under trump. this is from p

de aviones eléctricos la idea es de presentar algunas empresas expertas en la materia y motores >> boeing espera desarrollar estos aviones eléctricos con capacidad para 60 pasajeros para el año 2027 falta poco pero van trabajando en esta >> para el medio ambiente muy bien >> muy bueno >> una empresa de alimentos con base en pensilvania estará presentando un nuevo asistente robot en todas sus tiendas se llama martí y puede identificar los peligros en las tiendas como derrame de líquidos lo que ayudaría a que los empleados humanos no se preocupen por ello y puedan invertir su tiempo para atender a los otros clientes >> ha sido todo un éxito y hay planes de lanzar este asistente en 172 tiendas para este año la razón por la cual le pusieron los ojitos al robot es para que la gente no se espante >> la gente va a estar curiosa >> este 2019 el el mundo de las redes sociales y el internet se revolucionará por usuarios bastante peculiares >> así es y se trata de modelos virtuales que tienen perfiles de instagram donde comparten una vida soñada por muchos méndez nos habla de esto >> so

according to boeing, the flight lasted less than a minute. no one was on board. the prototype is designed to fly up to 50 miles at a time using an electric propulsion system. (robin) coming up on the kron four morning news at five... kamala harris has begun her campaign... and she's already getting plenty of support. no major hot no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. ( robin ) police were called to a home in new jersey to rescue a toddler who was stuck inside a toy. 20-month-old luca got stuck in a toy that is supposed to hold different shaped blocks that go inside holes but luca pulled the lid off and climbed inside. his mom says when she realized luca couldn't move...she had to call in a professional. she also says she plans to keep the toy and a picture to remind luca of the time he got stuck. coming up on the kron- four morning news... the government shutdown is over for now... but a major issue could cause ev

boeing needs them, one out of four goes to china, but china needs the planes when att reports, we'll see how its cash flow was bolstered by the time warner deal meanwhile, mcdonald's has delivered and delivered and delivered again. i bet it happens mid day, the ice man cometh. i'm talking about the fed chair. his last indication was he wanted to wait before he tightened again. i feel like the guy that was trigger happy. if powell focuseson how hot th economy is, i think that's a signal we'll be getting another rate hike next month he may also talk about dumping the fed's long-term bond holdings it's a de facto tightening this guy can be a one-man wrecking crew if we're not careful. after the close, we have a boat load of controversy. if you love the tesla, you're free to own the stock, but tesla needs too much money if you're in the action alerts plus.com club, you're well aware of our position on it to this point. the ceo of facebook defended his company, weird timing. zuckerberg needs to talk about the return on investment from the projects and he needs to tell us if facebook can m

boeing was the leader. s&p 500 also good for a gain of 1% and guess what. all of the sectors actually closed in positive territory financials lagging all day and closed actually pretty much flat but mostly a lot of green. nasdaq composite up a percent and the russell 2000 index of small caps a second day in a row outperforming everyone up 1.5% today. a much better tone to the markets. oil's been rising. yields are higher. the dollar a little bit stronger some optimism around the u.s./china trade talks the ceo of pharmaceutical company editas talks about the company and for a drug treating a disorder of blindness. controversial practice of gene editing. but first, joining us to talk about the market day, michael yokashami. and breaking news world bank, releasing the prospects. ominous title here darkening skies saying that the global economy will only grow 2.9% this year down from 3% last year citing softening international trade, manufacturing activity and elevated trade tensions. the report also noting substantial financial market pressures in some large e

side in the same note, morgan stanley also downgraded lockheed martin, lmt, boeing a dow component, by the way, an important dao component because it's a price weighted index getting an upgrade today. >>> stock stories, whoa, bed, bath&beyond soaring. beating forecasts. they also offered a bullish forecast for the year. this stock has been absolutely walloped this year guess what, a lot of short covering there perhaps, but either way it's going to be a big day for bbby >>> k.b. homes fourth quarter sales up you ever seen a home delivered that's a big truck the average selling price falling about 5% kb home up more than 14% in the past month and elon musk, you've heard of him, says tesla will stop selling the cheapest version of the model s and x cars in a series of tweets overnight. musk says tesla will stop taking orders for the cheapest models next week the cheapest tesla that you can buy of those models will be $96,000. you still have the model 3 let's find out what else you're going to be talking about today. frank holland, what's trending >> "bird box," good movie, terrible end

the first of boeing's long-delayed aerial refueling planes lands tomorrow at an air force base in kansas for a celebration. but the ceremony for the fc-46 may be marred by a three-year delay in important meeting milestones of boeing is far behind its original requirement of providing 18 planes and spare parts by 2017. that may not happen until next year. has steppedreserve into the investigation over money laundering at dansk back. the fed want to know how much deutsche bank handle billions of dollars in suspicious transactions. the danish bank admitted that much of the $230 billion that flowed through its tiny estonian branch may have been dirty. another democrat is joining the race for the white house, the mayor of south end, indiana. he is forming an exploratory committee. the associated press obtained his announcement. he is 37, a rhodes scholar, and a navy reserve lieutenant who served a tour of duty in afghanistan. 2017ised his profile in with an unsuccessful run for chairman of the democratic national committee. global news 24 hours a day, on-air, and @tictoc on twitter, powered b

just like in one nine hundred eighty three the malaysian boeing crash was leveraged against the enemy. a new wave of sanctions hit russia mediately after the tragedy. the united states is imposing new sanctions in key sectors of the russian economy. year and three months later the dutch safety board published a report that is itself a platts m.h. seventy crashed because often. i have three well for and or i have the today just outside of the arrow playing the best the left side of the cockpit the report didn't blame any specific group or person an estimated a very wide area of three hundred twenty kilometers as a zone from which the missiles fired at the same time the russian producer of boog missiles day conducted its own independent investigation. that they speeded me up the fullest. lou of the delegates i mean if you like it the nist is up a school during the experiment they blew up a retired airliner with a bouquet missile and came to the conclusion that the malaysian plane was brought down by the older type of missiles not used by russia anymore but still in the possession of ukr

andou buy into the conoco's boeing's or not? >> it's always what's going to happen in the future, not what just happened in this quarter. i'm not really a macro sort of investor. there are trends that investors need to acknowledge. one of them is aviation. still a lot of people in the world that don't have access to air travel. china is one of the larger areas that is underserved. they continue to biplanes -- buy planes. buyr parts continue to because they are more fuel-efficient. purchasen important for them because the fuel that goes in, the airlines can build their margins. aviation will continue to be a driving force for a very long time. is a clear and compelling analysis of why boeing makes good sense. compare and contrast that with caterpillar. it seems to be going the opposite direction. >> caterpillar is a tough call. are -- theirthey products are sold by third parties. there's a little bit of confusion about how much backlog their resellers have. building hasing is been going on for a long time. by that, i mean commerc

this is a -- liz: look at boeing. this should be a lesson to people that when you see a great brand name like boeing, or -- >> how about apple yesterday? liz: boeing is adding 150 points to the dow jones industrials right now. perhaps on the belief that we will have a better trade deal. >> how about apple yesterday? liz: they are the most exposed to china. >> apple went down not just because of a trade war. it went down because the chinese economy is slowing, therefore, it can't sell and do stuff in china. that is an issue. so remember -- liz: i just think the chinese don't want to spend that much on an iphone. >> maybe not. the booming middle class, still with their slower growth. i'm just telling you that those are the geopolitical forces, geoeconomic forces, that are in play right now. then you do have the overhang of donald trump saying crazy stuff, a very, very progressive base -- liz: what do you mean, crazy stuff? >> did you hear him yesterday? i mean, i think this rankles the market. yes, the market gets rankl

the major japanese airline company says it will order 38 airbus jets from boeing jets. the order includes one for the latest version of boeing's 737. trade -- to the united states. walking a tightrope there and buying airbus an samantha hawley: it's one of the most ambitious building drives in history as india fast-tracks its way to prosperity. but the boom has spawned a vicious illegal trade. we've seen someone there. we're just a bit reluctant. it's a really kind of hairy situation, and we're not sure it's really safe for us to go any further. crime gangs specializing in environmental destruction... the assailants came down from here, yeah? akaash chauhan: this is the room, and they came from this side and shot my father. [gunshots] man: this is not allowed. hawlan