Global slowdown is the new reality. A booming bio tech stock shares this company doubled in the past week. The ceo will be here to explain why the party isnt over yet the power lunch party starts right now. The s p down about quarter percent. That would be coke up more than 2 we start with the big story of the hour. Boeing shares are near session lows as it deals with more fall out from 737 max safety issues lets go straight to phil for these developing details phil this is all about a document that boeing turned over late yesterday to congressional staffers who have been investigating the 737 max. This is a copy of that document. Were not going to read all the mes messag messages he said i lied unknowingly it was alerted to the faa and the head of the faa steve dixon. Why didnt we have this sooner . Boeing responded to the story as it developed over the last couple of hours saying over the past several months boeing has been voluntarily cooperating with the house transportation and in
Investment idea right now. It may vice you. And later hidden housing play. Why one options trader says in builder breakout is about to get hammered but we begin with big new developments on boeing the stock falling hard taking the dow down a former employee may have misread regulators about the safety of 737 max planes phil lebeau has been following the story joining us from chicago. You see the sausage being made my photographer handing me new documents we received from capitol hill regarding what a former chief technical pilot for boeing may have known when the m cast system, crucial to the 737 max was being developed. This all goes back to 2016 messages turned over on capitol hill in one of the messages he says oh, shocker alert, mcas is active down to m2 its running rampant in the sim on me. The sim referring to the simulator. Theyre in the process of developing the mcas in 2016. A couple of texts later or messages later he messages a coworker, so i basically lied to the regulators
Economists do most dont showing you where things are standing now three and a half hours before the opening bell. Looking at a dow that would open just about 11 points higher and nasdaq looks like it would open down going to china quick but showing you treasury yields. The 10year note at 1. 766. Joe mentioned, breaking overnight, the operatest rate of china slowing to the slowest pace in 30 years that may explain some is of what we are seeing here eunice un is now in beijing where tim cook is. Thats right. First getting to the numbers i think you can compare that policymakers will unveil more soon Third Quarter numbers missed coming in at 6 . That is because of the demand overseas and at home the september numbers rebounded. Most said those are something you usually see. They are more concerned about sluggish demand weighing on the out look of the economy. The more optimistic bureau saying china faced a big downward pressure. Planning to front load some local government bonds those wil
Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
Possible progress in detroit as uaw s uaw calls on its leadership. We have news in excess im sorry. I had to good morning, good afternoon, good evening im Brian Sullivan thank you for joining us we begin by tracking some wild moves. You may not care about currencies but you probably do care about brexit. You can see a wild move here around 1 30 in the morning or because of new developments in brexit talks see that moving up it has come down from its highs. That market reacting to a couple of headlines well get more of that coming up in a second. Here is how your macroand Global Markets are setting up should have a normal day of trading. Yesterday, columbus day, no bonds. Everybody is back. Kids are back in school. The bond market back open. Not moving a whole lot weve split the difference over the last couple of weeks going to asia. News coming out of china we had inflation data. It came in a little hot. It was the biggest rise in that number since 2013. Think about that inflation comi