for boeing is steven is a repudiation. becomes a permanent polluting danger backbone of commercial business that's why you boring has raised over twenty seven billion dollars of pizza market value so far is that this week also any older cancellation probably will favor airbus a three twenty neil or even newcomers as they call mike see nine nineteen that said boeing fifty billion dollars cash flow which it will allow the company to be able to deal with any immediate impact airlines rebooking cost their their bottom line and in the shorter term also a full suspension of deliveries that will pose that the highest risk is the airlines says come in marks a deliveries are defo called point expansion here in the u.s. . it was a luisa horo following the financial side of this evolving story for us in new york thanks was a only day after rejecting prime minister it's recent days bragg's a deal brit britain's parliament voted to reject a no deal brags that the risk of border gridlock still hasn't receded britain may crash out if it

comments on boeing. your thoughts what president trump had to say. >> smart to come down from the president, rather than from the faa shows leadership. i like the fact he did that rest of the world is doing it. no reason for the united states not to follow suit. charles: he made comments on china. first set of comments wanted a deal, but we were down. he was more optimistic this time, 50/50, very good position, china wants to do the deal. he sort of made the case also it doesn't have to be complete. they can get most of what they want, sign off, continue to work on other things. i think that could be the story going into tomorrow's session as well. >> that will be the story. that struck me also. exactly, charles. those words yes we'll agree to agree, move forward on details. that is sort of what i expected all along no way they can get everything done in this timetable. agreeing to agree, setting precedent the deal is done accept making details happen later. that will be positive for charles: how would t

first of what is boeing saying right now well boeing issued a statement today giving their condolences to the families they said boeing is deeply saddened to learn of the passing of the passengers and crew on ethiopian airlines flight three zero to a seven thirty seven airplane the extent of their sympathies and they also offered help with any technical issues that will happen after. specifically investigation into what caused. this crash which there's no information on this and here we see that statement as you said they're from boeing what about this specific plane we said it's a seven thirty seven max what do we know about it well this plane is almost brand new it came out in two thousand and seventeen it's supposed to be more fuel efficient but it has been involved in two deadly crashes since it was released the early one being just at the end of october the india the lion air crash in just off the coast of indonesia that killed one hundred eighty nine passengers an initial investigation into the cause of the crash showed that it could have been linked to malfunction of an end ties

many say they believe in boeing. ethiopian, for one, that suffered that catastrophe recently, saying it believes in boeing. 0ther catastrophe recently, saying it believes in boeing. other airlines are stepping back and have made their cancellations. 0bviously, that will put a dent in their finances as well. it is going to roll out and we have to see whether this aircraft will sustain the orders it promised. boeing is also bringing together a lot of its operators, operators of the max to go to safety issues. i just want to add that i've reached out to the department ofjustice in the usa and there are rumours that the usa and there are rumours that the department ofjustice will conduct its own investigation into boeing and the faa and that would therefore look at allegations of criminality, real liability if you like. the department ofjustice couldn't confirm. they said we will neither confirm nor deny it, that is interesting and something definitely to watch. thank you. we will keep across that senate grilling later t

you cover boeing >> yes, i covering boeing. >> so what does this move do for boeing's culpability, even potentially liability, as this plays out >> so i don't know that the faa or the president grounding the fleet changes anything with regards to culpability the facts are still coming out it's still days after the ethiopian airline crash, so it's still very early to say. obviously the president seems to indicate that he has some facts the rest of us don't have in terms of what boeing knows or should have known. you have to give him the benefit of the doubt. >> people who following boeing say and have said for the last couple days when they're focusing on the future of this company, which is, you know, one of the oldest -- it's a pioneer, it's a juggernaut, they've said look, they have a software fix, they're going to get it out there, they're going to move on. why has that not happened yet? why has it taken this long again, will the finger be pointed at them for some kulpa snblts. >> it remains to be seen how this is going to play out. certainly there are many blaming boeing you saw jim

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

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

on boeing shares iwould imagine, when will have an impact on boeing shares i would imagine, when wall street opens later today. boeing is one of the biggest components of the dow jones industrial average so it could hit markets later on wall street. now, let's move on to the other interesting story. former nissan chief carlos ghosn is seeking court permission to attend a board meeting at the japanese carmaker on tuesday. he was released from custody last week after paying bail of almost $9 million. let's go to our asia business hub where rico hizon is following the story. so, he wants to get back in the boardroom? it is a surprise move from mr ghosn that was not expected, but if he is given permission his attendance at this board meeting would mark the first time he will face colleagues since being arrested in november. nissan is scheduled to hold the meeting in the city off yokohama. even though he has been removed as the chairman of the company, he remains part of these companies, given that the shareholder vote is required to remove a board member. his lawyer said that he has a dut

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

for boeing is steven is a reputation. becomes a permanent polluting danger the backbone of commercial business that's why a boring has raised over twenty seven billion dollars of pizza market value so far is that this week also any older cancellation probably will favor airbus a three twenty neil or even newcomers as they call mike see nine nineteen that said boeing fifty billion dollars cash flow which it will allow the company to be able to deal with any immediate impact airlines were booking cause. their their bottom line in the shorter term also of full suspension of deliveries it will pose that the highest risk is the airlines says come in marks a deliveries are dead focal point of its expansion here in the us it was a louise toro following the financial side of this evolving story for us in new york thanks was. only day after rejecting prime minister its recent mazed brags the deal brit britain's parliament voted to reject a no deal brags that the risk of border gridlock still hasn't receded britain may crash out if

italy's safety organization ground in the boeing 737 max. -- grounding the boeing 737 max. let's get back to the stock story, it is related to that boeing news. the ftse 100, dax and cac 40 trading differently. the ftse 100 is higher. the story off the lower pound, driven lower by the attorney general, on his advice that the irish backstop, that the story around it has not changed. dax trading lower. we will hear from matt miller later on about numbers from vw, the margins being squeezed, but the company investing aggressively is raising targets. and the cac 40 trading higher by 2/10 of 1%. let's talk about boeing, the impact it is having here in europe. theitalians grounding boeing 737 max. they have also been banned out of u.k. airspace. that is having an effect. and easyjet is trading higher, they operate an all airbus fleet a321's.0's and some of its competition does fly and it will37 max's be impacted. norwegian has a big boeing fleet. safran is under pressure. it is half of the engine of enginee that -- alliance that makes of the engines for the boeing 737 max. safran

first of what is boeing saying right now well boeing issued a statement today giving their condolences to the families they said boeing is deeply saddened to learn of the passing of the passengers and crew on ethiopian airlines flight three zero to a seven thirty seven max eight airplane the extent of their sympathies and they also offered help with any technical issues that will happen after. specifically investigation into what caused. this crash which there's no information about this and here we see that statement as you said they're from boeing what about this specific plane we said it's a seven thirty seven max what do we know about it well this plane is almost brand new it came out in two thousand and seventeen it's supposed to be more fuel efficient but it has been involved in two deadly crashes since it was released early one being just at the end of october the india the lion air crash in just off the coast of indonesia that killed one hundred eighty nine passengers an initial investigation into the cause of the crash showed that it could have been linked to malfunction of an

for boeing is stephen is a reputation. becomes a permanent danger zone of commercial business that's why you boring has raised over twenty seven billion dollars market value so far as of this week also any older cancellation probably will favor airbus a three twenty neil or even new comers as the chinese say might see nine nineteen that said boeing has a fifty billion dollars cash flow which it will allow the company to be able to deal with any immediate impact airlines rebooking cost. their their bottom line and in the shorter term also a full suspension of deliveries that will pose that the highest risk to the airlines says come in marks a deliveries are defocus. expansion here in the u.s. . it was a luisa horo following the financial side of this evolving story for us in new york thanks was a only day after rejecting prime minister it's recent days bragg's a deal brit britain's parliament voted to reject a no deal bragg's it but the risk of border gridlock still hasn't receded britain may crash out if it cannot extend t

took them so long that's one question many are asking after american regulators finally ground the boeing seven three seven max here's another question can boeing put its plane back in the air before the competition moves in. also coming up british lawmakers vote to delay bragg's it until the lease the end of june i think that gives clarity to british businesses think again. and more signs that chinese growth has slowed we'll take you through the latest numbers. of souvenirs in berlin thanks for watching boeing says it will continue production on the now grounded seven thirty seven max aircraft but it will stop deliveries the future of the program will depend on the outcome of an investigation into sunday's fatal crash of an ethiopian airlines flight so what does that mean for boeing and for the airlines now with a catalog price of some one hundred million dollars for a seven thirty seven max the groundings threaten hundreds of billions of dollars of boeing revenue the plane maker still has orders for more than four thousand six hundred of the planes it was meant to be the backbone of its

want to update our boeing continued coverage of boeing, the uk civil aviation authority and people may have seen it at the bottom of the screen, has suspended the boeing 737 max 8 operations in the uk you can't even use their air space, don't know how manyare in the fleet of the likes, for example, british airways but you're getting there now where it is going to be everybody in the world except the u.s. >> yeah. and, again, i'm going to reiterate, boeing will do whatever is the most responsible thing. that has been the record nothing has changed. from the world war ii, they do what's responsible so i'm not -- they'll react to this. >> you've got the airplane being suspended all over the world other than in the home country, what -- does that change the -- the responsible thing to do might be to say, okay, we're investigating, we're investigating, but -- >> when is -- only two have gone down let's understand, only two, that's a problem i just said -- i just said the wrong thing. i said only two. and it doesn't matter. two is too many. but they have flown, i mean, they have flown a lot.

the other one is the boeing story. boeing and the u.s. federal aviation administration, really being the squeeze as the groundings pileup around the world. the european aviation of authority are said to follow the 73 max flights. let's welcome our guest. he joins us from dallas. justin, for the europeans to break with the faa on a boeing issue is huge. normally it is the europeans who follow the faa on bowing and it is vice versa. how significant a development is this? justin: it is significant thatse there is usually difference between the two regulatory bodies. generally happy with that arrangement. we are seeing a definite flip. that increases the pressure that points to both boeing u.s. regulators and the -- that are still flying that aircraft in the united states and canada -- in canada and other places. it is a game changing situation. these: if the faa says aircrafts are air, can we not trust the faa? .ustin: you can one of the issues that is most likely playing a role is the pilots in the u.s. that fly this plane are not coming ou

how quickly can boeing certify a fix? will deliveries of max planes with halted, and how long will the grounding last >> thank you very much joining us, former ntsb chairman, current chair of washington, d.c. metro rail safety commission, chris hart. and vice president of equity research, covering airlines, joe kaida. chris, thanks for joining us after yesterday. >> thank you for having me. >> more opinions on how long a grounding could last some analysts say three to six months for eventual certification, does that make sense? >> that's a good question. this is uncharted territory. we never in the u.s. had a grounding for any reason other than catastrophic mechanical failure the pilot couldn't fix in the moment. the two were the d.c.-10 when the engine separated from the wing, and the boeing 787 in 2013 when they had lithium ion battery fires. those are events that are disabling, nothing the pilot can do about it in the moment, those were obvious reasons foregrounding. here is a different scenario you have automation usu

brexit, have boeing, and bribes. taking a look at the aftermath of the failed brexit vote in parliament yesterday. the cable rate up .6%. it feels like the brexit delay is what the market is talking about now. yields up by two basis points. $60 billion, what does that say about how the markets feel about inflation? downgrading forecasts for the u.s. peltz is joining aurora cannabis as a strategic advisor, getting some stock options. potill be the platform -- firm's second largest shareholder. wonder, when you have a strategic asset investor, what that angle would be. is it going to be selling or expanding, into what areas? this is medicinal cannabis. i wonder how that will wind up playing a longer-term strategy. david: the luster of that peltz, that'sson going places. we are joined by gina martin adams and michael mckee. we want to start with the brexit development from yesterday. is what theresa may had to say in parliament last night. >> let me be clear -- voting against leaving without a deal and for an extension

waiting to hear from boeing. full coverage here on bloomberg. ♪ >> good morning from bloomberg's european headquarters in the city of london. with dennis cranny live from dubai. here are today's top stories. grounded, china and ethiopian airlines suspend all boeing 737 max-b after the second fatal incident involving the aircraft in five months. the fed chair he is in no hurry to raise rates. watching economic conditions at home and abroad. and deal or no deal? theresa may is working on her plan. britain leaves the block in eight days. ♪ nejra: -- manus: welcome to daybreak europe. the main story is of course the tragic incident involving ethiopian airlines. the downing of that jet. the secondboeing -- boeing 737 max-b going down in a matter of months. china has grounded its domestic fleet as has ethiopian airlines. the stock price -- unfortunately, it does get turned into pounds and dollars. this particular boeing plane -- 11% of the is dow jones industrial average. 250 planes were delivered last year. the pl

i think boeing will correct this. we're down 95% in air traffic fatalities in the last 20 years and a lot of that has to do with boeing. right now, boning is the one that's hurting from this and it's very interesting to note that the chinese, the caac, they're the first ones to report this the day after the ethiopian crash and imply there could be a link to the indonesia lion air, so conspiracy theorists might say they're promoting a competitor to the boeing 737. cheryl: that issue has been brought up already. i always say you're going to die from a bee sting before you'll die in a plane crash, that's the stats anyway. lauren: all perspective. boeing isn't the only thing that is causing flight cancellations this morning. a bomb cyclone slamming the central u.s., grounding several flights. denver international airport closed all of their runways. cheryl: a bomb cyclone, we haven't seen that in a while. janice: this is historic. we had wind gusts in excess of 103 miles per hour. it dropped 33 mill bars in less than 23 h

for boeing and stephen is a reputation. becomes a permanent danger there backbone of commercial business that's why you boring has raised over twenty seven billion dollars of pizza market value so far as of this week also any older cancellation probably will favor airbus a three twenty neil or even new comers as the chinese said call might see nine nineteen that said fifty billion dollars cash flow which it will allow the company to be able to deal with any immediate impact airlines rebooking caused. their their bottom line in the shorter term also a full suspension of deliveries it will pose that the highest risk is the airlines says coming marks a deliveries are defo called point expansion here in the u.s. . it was a luis de haro following the financial side of this evolving story for us in new york thanks was a only day after rejecting prime minister it's recent days bragg's the deal britain britain's parliament voted to reject a no deal brags that the risk of border gridlock still hasn't receded britain may crash out if

and so of course a lot of this focus for boeing in fact on facebook has just asked does boeing have any response to what happened well the company's actually not said a lot yes it's offered condolences it's also sending a technical crew which will be helping with the investigation but given the popularity of this plane a lot of airlines and a lot of passengers are going to be asking a lot of questions no i showed you this on sunday's grid all of the airlines which operate the max seven three seven just want to be a little more specific today these are the thirty seven airlines which have actually taken delivery of the planes three hundred fifty aircraft so far in these thirty seven that you're saying but if we click view all and we actually see here the sixty nine airlines in total who ordered the seven thirty seven max and if you remember from yesterday there are around four thousand seven hundred planes in that backlog right now that is how popular this plane is that is how concerning it is that there have been two crashes in five month slips check in with john hendren he's in chicago

and look at boeing, you could see some of the suppliers that boeing has. united technologies, one of them earlier on but most of the suppliers also well off their lows united tech, as you can see, has gone positive. but elsewhere, it's one of the best days we have seen in weeks down here. the market internals, how it trades internally, looking especially strong 4-1 advancing to declining stocks right now. advancing volume is 83% of all the volume that's a really big day on the upside people are buying more stocks advancing than declining new highs modestly expanding close to 100 but if you look carefully, low rates creating opportunities in utilities and real estate investment trusts. most of the new high lists a smattering of wreaths. avalon bay, mid america and american tower, which is now a wreath by the way, and of course, the story here is when interest rates drop dramatically, or stay low, it makes other interest bearing mechanisms more attractive guys, back to you. >> bob, thanks to the big story of the day now. that is boeing shares tumbling after

this boeing is the story boeing is the only exception. after second fatal crash after 737 max jet in just five months. we have number of developments. indonesia followed china grounding all 737 max

so number one we think that the boeing planes are save we think that boeing said a directive to pilots on how to handle the software play into it there is ways to override the system american airlines. and united also believe the plane is saved we expect the order book to be largely intact u.s. carriers say they will continue operating the planes as normal for now but pressure is growing on earth already to take action over the boeing seven three seven max eight many airlines are citing customers frightened by sunday's ethiopian airlines crash which killed all one hundred fifty seven people on board. i'm now joined in the studio by calling first of all it's been tracking that developing story of for us because of some major u.s. airlines have said the seventy seven is perfectly safe do they have a point or is it better to the side of caution well seeing that it is still possible it's not ruled out that the very same problem caused the crash of two airplanes within. a couple of months it seems the sensible thing to do what's interesting here is that usually other ignition authorities fo

first of what is boeing saying right now well boeing issued a statement today giving their condolences to the families they said boeing is deeply saddened to learn of the passing of the passengers and crew on ethiopian airlines flight three zero to a seven thirty seven eight airplane the extent of their sympathies and they also offered help with any technical issues that will happen after. specifically investigation into what caused. this crash which there's no information about this and here we see that statement as you said they're from boeing what about this specific plane we said it's a seven thirty seven max what do we know about it well this plane is almost brand new it came out in two thousand and seventeen it's supposed to be more fuel efficient but it has been involved in two deadly crashes since it was released early one being just at the end of october the india the lion air crash in just off the coast of indonesia that killed one hundred eighty nine passengers and initial investigation into the cause of the crash showed that it could have been linked to a malfunction of an

people were on board the seven thirty seven max it's the second crash in months six months involving boeing's latest airliner. and two german journalists are forced to leave turkey after officials there refused to renew their accreditation german public broadcasters that day and says turkey is trying to intimidate foreign correspondents. plus and going to sleep as soccer buyers now top the table on goal difference after their six nil win over votes for yourself dortmund knocked off top spot for the first time since september. thanks for joining us ethiopian airlines says all one hundred fifty seven passengers and crew have been killed in the crash of a boeing seven thirty seven jet the airliner lost contact with air traffic control minutes after taking off from his of about to nairobi passengers from more than thirty countries were on board the largest group was from kenya ethiopia has declared monday a day of mourning. why it was fine flying weather but still the boeing seven three seven crashed tiny pieces of debris left behind the pilot sent out a distress signal and then just six minutes

and boeing for competitive reasons? >> i think that there were decisions beyond just the evidence from the disasters, the influence decisions. when you look at the suppliers it goes well beyond just being in those countries where air bus has operations andso i think that possibly did influence because when you look at the evidence of the data that was out there, it did not justify the grounding until the new -- -- >> it does now, right? >> until the new information was available today. >> you don't think they just put safety first and erring on the side of caution and listening to some flight attendants and pilots. >> if we acted on emotion, if we acted on the feelings or emotions of flight attendants and others we would all be walking everywhere air travel continues to be the safest form of transportation there is in the world today. as keep in mind in the united states, we've had tens of thousands of flights on the 737 8s and flown millions of customers around the united states and not had a single incident that has o

boeing has turned positive they're the best performing relatively speaking. s&p down half a percent. nasdaq down b about 49 points or two-thirds of a percent and oil market close, crude ending down about 1% just over $59 a barrel >> thank you another company may be joining the recent wave of ipos. it's the mattress retailer, casper and it is reportedly hiring underwriters for a public offering our newest member of the cnbc family joins us with the details. welcome, nice to have you with us >> thank you let's talk mattresses. >> going to try to sleep >> got to wait and see the company is said to be looking for underwriters in april at a later doate. founded in 2014, casper was last valued about 120 million in 2017 the company premiered online only mattress sales then last year, moveded into the brick and mortar space their first location in new york city they planned 200 showrooms in the next few years now showrooms are risky. mattress r firm, the country's largest chain, just emerge d frm bankruptcy protection and will close as many as 700 stores. investors i

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

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

first of what is boeing saying right now well boeing issued a statement today giving their condolences to the families they said boeing is deeply saddened to learn of the passing of the passengers and crew on ethiopian airlines flight three zero to a seven thirty seven max airplane the extent of their sympathies and they also offered help with any technical issues that will happen after. specifically investigation into what caused. this crash which there's no information on this and here we see that statement as you said there from boeing what about this specific plane we said it's a seven thirty seven max what do we know about it well this plane is almost brand new it came out in two thousand and seventeen it's supposed to be more fuel efficient but it has been involved in two deadly crashes since it was released earlier one being just at the end of october the india the lion air crash in just off the coast of indonesia that killed one hundred eighty nine passengers and initial investigation into the cause of the crash showed that it could have been linked to malfunction of an anti st

when we issued the certificate, we relied on boeing and boeing's inspectors and boeing told us it was ok. until we get more evidence we won't change our certificate. that is not the same thing as representing to the world you are the foremost aviation safety agency. that is where they dealt the image of the united states as the aviation leader in the world, that has been dealt a blow. >> we talk about these issues, the work of the faa, how much sway does boeing have to say these are the issues? what is it say about the current condition of the faa of boeing has that kind of sway? >> boley has had that kind of sway for decades. boeing is not alone in controlling the debate and the certification process. that is how the faa over the years has deferred to the industry. we said the same thing when i was inspector general. we looked at the certification process of the 777. it was an airplane when everyone came to love.when it first rolled off of the assembly line it had glitches. none like this, but it had software glitches. we were tasked to look at it. being that i had great auditors in

our road map we'll begin the airline stock sinking after another crash involving boeing boeing shares on their worst day since '01. >> it is the oldest company on the new york stock eck change, sotheby turns 275. the ceo will join us let's get to rick santelli >> a final read on business inventory as we get ready to close out the first quarter of '19, right? that's our fourth up 6.10 read you can see we close rather firm that'll have some positive implications for any upside revisions to fourth quarter gdp as we all debate how soft first quarter gdp may be yields slipping just a little bit at this point, i am not sure if the trigger of that is inventories. we want to pay close attention, 10-year note yield are getting in the low 60s >>> investigators say the black box had been recovered from the fatal crash of the ethiopian jet. ethiopian airlines grounded all of those crafts. boeing shares down 9% this morning. our fipi phil lebeau joins us wh the latest >> you have to go back to 2001 where boeing shares dropped down as much as it is today faa and ntsb are investigating, they have in

the faa grounding all boeing 737 max jets following this weekend's deadly plane crash boeing shares are on the move this morning we have the latest ahead >>> u.k. lawmakers reject ag no deal brexit. they'll vote on to outright delay brexit with just 15 days to go. >>> and facebook recordly facing a criminal probe investigation into a data sharing deal the social media giant also facing a major global outage at this hour. we have full team coverage of all of these three big stories ahead. it is thursday, march 14, 2019 you are watching world wooitd exchange right here on cnbc. he zblanchts the faa calls it an emergency related to safety in air commerce and grounded those boeing 737 max 8 and 9s. a dramatic about-face from its previous stance of support they told cnbc they got new information just kbred the announcement was made. that tracking data was passed along by flight aware and its partners at arion. the take-away was there are similarities between this crash and a lion air crash about five months ago >> it was further evidence that it was similar to lion air >> boeing continues to

model the seven three seven max for boeing it's hard to understate the importance of this plane for boeing it is a new generation of boeing's very successful seven three seven sirius which has been around for more than fifty years and is the most in widely sold plane in. the world now the max serious features a new engine design which is said to be more fuel efficient which is highly important in this day and age for airlines has a backlog of fifty five thousand aircraft by far more than any other plane that boeing has on offer and that represents not only somewhat the future of flying for boeing but in that case somewhat the future of the company and if there was something systematically wrong with this product boeing would have a real problem because it's. deliverance that operate the plane after accidents like this do they get consolations from customers that say we don't want to fly the seven three seven anymore then how does that faked the airlines business well there might be some passengers dead reconsider and honestly if you told me today to get on a seven to seven max airplane i w

boeing is in a complicated position. boeing is an american corporation. as i said, blue chip company around the world. they're caught up with choices. unions don't like boeing when boeing gets around and fiennesed right to work states. boeing has found itself in a lot of political cross roads. i admire the president. i admire the administration for holding out this long and saying we want the facts. but at a certain point they need pressure. >> dana: this is not a partisan issue. there is no us versus them. there is no team sports when it comes to passenger safety. >> party registration does not matter. really have this extraordinary record of how safe air travel is. it's remarkable how rare these crashes are. you want to extend that string. diplom>> dana: diploma >> dana: what about going forward? you have orders that are out there. i guess there's 5,000 out there, plus the planes in the air right now, and you have other concerns competitively. >> this is boeing's apollo 13 moment where they get all the scientists in the room and say, how did this happen

is boeing a bit of the mach that clarify the technical issues best. well boeing has responded quickly but it hasn't responded in a way that would put trust back in the company and saying it's technology is working fine it is very safe but at the same time since the lion air crash in october there is a software update that is supposed to come for this airplane that hasn't come won't be available until april and that doesn't really you know respond new confidence in in the company of the share price has been suffering certainly and may continue to do so if boeing can put faith back into into its product. just. to both of you thank you very much. now the city off tomorrow will face entirely new challenges space is becoming. mega cities are already finding it difficult to organize municipal services taipei is coming up with a solution though why the data networks of sensors are intended to remedy the situation and to prove the quality of life for its citizens. more and more people are moving from the countryside to the city in asia for example almost half

regulators are very carefully reviewing the fatal crashes of two boeing seven thirty seven max eight jetliners the sunday's deadly crash of an ethiopian airlines flight is the second in only a few months for the model and it killed all on board the incident has also hit boeing stock badly its lead ten percent of monday trading wiping nearly sixteen billion dollars off its market value and sending the dow reeling this as an increasing number of countries ground the airliner. the ethiopian crashes the second involving a seven three seven max eight after a lion air plane went down in indonesia last october the latest crash could mean a huge setback for boeing the plane maker has delivered about three hundred fifty seven three seven months planes to scores of airlines with orders for more than five thousand or the seven three seven it's absolutely essential to boeing as the backbone of the company's cash generation and profits and it's also the back burner of many airlines operations around the world you have a seventy seven taking off somewhere in the world every few seconds it's absolu

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

that the company was deeply saddened by this crash boeing extended. sympathies to the relatives and friends of the victims obviously and it also said that it was sending a crew of technicians to help investigators to solve the question what caused the crash can you tell us a bit more about the technical specifications of the seven thirty seven because they've been around for many many years is this a new plane or what weld boeing's seven thirty seven is their best selling product virtually any decent sized airline will have one of these planes in their fleet or airbus is a three twenty which is similar model and they're basically the workhorse is of these airlines so any mid-range connection is likely to serve a service by one of these planes not the seven to seven max is a new generation of aircraft it's supposed to be more fuel efficient it has a bunch of new software in there and it has bigger and wider turbines which as we've. and from the lion air crash in october apparently changes the status of the planes and how it needs to be flown the boeing

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

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

and boeing so that's to a certain degree a bit of good news for boeing but still there kerry has to expect high costs for a pilot training also it will probably take a couple of more weeks if not months before those planes are allowed back in the air here in the united states and it also elsewhere around the globe. a long journey ahead still for boeing then but stay where you are yes we have even more ground to cover with you and that's because it fresh figures show that the u.s. trade deficit narrowed by nearly fifteen percent in january compared to the previous month but that was when the trade gap was actually at its widest in ten years analysts say that's mostly due to an increase in soybean exports fewer chinese imports to the u.s. amid an ongoing trade conflict between the two countries also helped train the trade deficit. back to you and carter on wall street now this narrower trade gap was of course a stated goal of the trump administration is the u.s. then emerging the winner in this trade conflict well i wouldn't go that far but what we did see in those trade figures is that impo

and boeing have negotiated and the f.a.a. will now come out with this regulation requiring a software fix there's some speculation that the problem that occurred in both of these rashes was that the plane was flying steadily but that the sensors told it it was tipped up and that in correcting for that it may have sent the plane to the ground investigators are still looking into that as a potential cause but meanwhile there is to be this software fix new training new manuals and meanwhile boeing insists the plane is safe to fly but it's getting hammered on wall street and many nations aren't waiting for the federal aviation administration here in the u.s. as you mentioned one after another they are grounding this plane around the world what do you think of boeing's response john obviously they don't want to jump too quickly and take responsibility for something which may or may not be bear fault as it were but they seem to been very well haven't been met forthcoming so far. that's right it's been a pretty tepid response so far

that was a boeing 737 max 8. boeing 737 is the most popular, the most widely sold modern passenger aircraft in the world. and this is the new 737. this was a new plane, the new iteration of that absolute workhorse of the commercial aviation industry. but in that new plane, something happened shortly after takeoff on that day in october. the pilots were reportedly basically wrestling with the plane, trying to get its nose up, but an automatic leveling feature in the plane seems to have been fighting them, pushing the nose down. the pilots on that flight requested permission to return to the airport because of the trouble they were having with that aircraft, but shortly after making that request, the plane went down, hit the ocean. 189 people killed. then this weekend on sunday, it was in ethiopia, same type of plane, the new 737 max 8. the new iteration of the boeing 737 jet. this time 157 people were killed. and the circumstances appear to have been remarkably similar. the investigation into the crash this weeken

mcas is new to the boeing max aircraft. i was wondering if you could talk to us about why this system was not included in pilot training materials and who makes the determination regarding what is included in pilot training materials? >> so when we are doing a new certification, whether it's an amended or a new type, there's a flight standardization board that is a group of experts and pilots and engineers whose responsibility it is to determine and in this case, an amended type certificate, if the handling characteristics of the new aircraft require flight training or if the differences between the new aircraft and the one that it's amending does not require flight training. what the mcas did was correct for some very slight modifications that the max had. the max had slightly larger diameter engines with not a whole lot of extra thrust, similar thrust, but because of the width of the engines they had to go forward on the wing and because of the diameter of the engines, the nose wheel had to be extended six inches. these a

boeing stood by the max 8. >> very important is that the 737 max is safe. we're very confident in that. >> overnight several airlines and entire countries temporarily suspended operation of the 737 max 8. singapore, air mexico joining indonesia and all of china. u.s. based carriers sticking with the boeing model. american airlines flights 24, southwest flights 34. and they will continue to do so. >> experts' opinions on whether to fly the 737 max 8 are mixed. former ntsb chief jim hall says boeing should, quote, do the responsible thing and ground the plaec plane until the cause is determined and any problems are addressed. farai sevenzo is where the doomed fly was supposed to land. good morning. >> reporter: good morning. look, the whole question about the 737 max 8 is plaguing everybody in this part of the world. and what about america, what have they heard, what have they read. here's what some are saying. >> people were nervous. a lot of reading on the paper and also the internet. i don't think we have the

mall from the boeing headquarters in seattle boeing insists that safety of its passengers and its crews is priority number one and it says that it understands why some other governments around the world and the airlines have decided to take the seven three seven max out of service until investigations are concluded into what went wrong in indonesia and in ethiopia but the company says at the same time it's relying on guidance from the federal aviation administration here in the united states and the f.a.a. is saying that it is found no systemic problems with the seven three seven max and therefore has no reason to order it to be grounded the company boeing says that it has taken on board all of the available information and according to what it knows it stands behind the safety record of the seven three seven max and says there's no reason for boeing to issue any new guidance to plane pilots or operators at this time. well still to come on al-jazeera tensions flare at one of the most sensitive religious sites literalise. and out on the streets again is the new prime minister small in th

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