The technology that the boeing 737 max airliners utilized. Lawmakers in both parties say they will not let the boeing 737s take off again until they are 100 confident that consumer safety is going to be completely verify. That is the policy standpoint of this. From a practical matter, Dennis Muilenburg was asked on his way in by reporters whether or not he was going to resign. He said his focus is entirely on safety. ; and beyond that we should note that while Dennis Muilenburg will be testifying in the senate today and house tomorrow, the department of justice has the criminal investigation looking into matters, and lawmakers, especially democrats, not just looking at boeing, but also the International Regulatory regime, domestic regulatory regime, and the role that wall street ed in perhapsy pushing boeing a little bit too fast to adopt technology. Something the democrats and the figure have been pressing on his how boeing disclose information to the regulators. I can also tell you t
Down more than 3 . These are very large Chinese Companies, could have major implications should they need to be delisted elsewhere like in hong kong. You are also seeing a lot of geopolitical tension in the oil market. Interesting story across a huge leg lower, down as much as 2 on news that peace between sally and yemen, between saudi arabia and yemen, or at least a ceasefire. President trump said he would not lift sanctions on iran in exchange for talks on oil. Speaking as trade escalation comes back into the market. A lot of fears about what trait between the u. S. And china will do. David markets moving on a report from bloomberg that the can tration is can considering imposing Capital Market restrictions on people in china investing in the United States. We come back to that story a moment, but right now we go to washington for an update on what is going on with the official impeachment inquiry. What is the latest . Josh we are watching for any kind of timeline to surface and to h
It. Is a sign from the u. S. Point of view that countries like the u. S. And brazil are not doing enough, in their mind to combat Climate Change,. David there are a lot of side negotiations reported. I will talk to you in a little bit about resident rouhani of iran. For now, we go to Wendy Benjamin down in washington. The week has been consumed as to whether or not President Trump did or did not intervene with the ukraine. Today, we heard him say he had a conversation with the head of ukraine. Wendy he acknowledges ringing up the case of joe biden, the Democratic Front runner, and his business dealings with the ukraine. He at the ledges bringing it up. He big question is, did overtly suggest that u. S. Aid was a factor in the decision of the ukrainians to investigate biden . Isid and on this one, it not just the he said she said, it appears theres is a record of that conversation, so if it were revealed, we would know the answer to that question. Wendy that is exactly right, but were n
Also weighing on investors, continued protests in hong kong. All remaining flights today out of hong kong have been canceled, as demonstrators are occupying the airport there. It follows a violent weekend of protests, including clashes between demonstrators and police, beijing officials condemn the violence and linked violent protesters to terrorism. A bad sign. Also, low Interest Rates affecting the market. Check the tenyear yield. Its 1. 69 now. The other big story of the day, the death of Jeffrey Epstein. Were learning that epstein was not checked on for several hours leading up to his apparent suicide in his prison cell. Attorney general william barr is furious and says there will be a federal investigation. Theres a lot of news to go at today. You dont want to miss a moment of it. Varney company starting right now. David a quick look at stock futures and they have improved a little bit from where they were. Lets go right to susan li at the stock exchange. Whats the buzz, susan . S
Numbers. Consumers are showing up and helping. The markets are counting on the fed cutting. Yelena the fed told us they want to see the whites of the eyes and chair powell said it is too premature. I think of the economy will hold up just fine, that is what we see in the data you just mentioned. Consumer spending is showing us it is ok. Then we are seeing the fed will remain on hold. Having said that, i think it will be markets that will determine what happens next. We do expect a couple of cuts at the december meeting. We will have to wait to see that. Marketsket david are waiting with bated breath. Lets go down to miami with tyler. We have had round two of the first debate. What is the update on what happened last night and wednesday as well . That the takeaway is Kamala Harris had a breakout moment, finding her voice in her criticism of former Vice President joe biden, attacking him for his record on race in segregation in personal terms. She had a breakout in miami. The night befor