Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march.
Wealth of strong manufacturing, a lot of it based in the building of carriage bodies but also in building iron stoves and Railroad Cars and wield, so detroit understood the manufacturing process but they also understood had a steel and iron and wood and rubber. Detroit had all of those talents right here in the designers and tool makers in the that in talk to make an automobile. So why dont we go inside and see the first car to travel on the street of detroit. So what we are looking at here looks very much like an oldfashioned right again, we just dont have a horse in front of, it in fact horses are sitting inside the vehicle, it is a motorized carriage, horseless, carriage this is the first to operate on the streets of detroit, Charles Brady king was the guy who designed this car and design the engine that went inside of, it its an unusual engine, four cylinders at the time people were using single or double cylinder engine, so powerful little vehicle. So Charles Brady kang and his bo
Wall street Global Economy editor Jon Hilsenrath. Great to see you guys. We have a lot coming up. James carafano. Mohamed on the economy and markets, former pennsylvania governor on 2020 race and policy director Peter Navarro joins us talking trade, markets and the fed, dont miss a moment of it, big 3 hours, markets have a firmer tone, mix trading dayiest, we are waiting on crucial speech this morning from Federal Reserve jay powell, the central bank chief addressing commentary policy and future rate cuts, we have Jon Hilsenrath to tell us what youre expecting, jon. Jon itll be hard for powell to go on a limb, theres a lot of Division Within the fed itself. We talk about the pressure that powell is under from President Trump. President trump wants him to cut rates, theres some he is attendance as we reported earlier this week about half of the Regional Bank president s, one eager to move rates down at the last meeting, powell has to set the table carefully. You had exclusive and fantas
So, we had been, while other towns built cars, we built lots of cars. Prior to 1900, the detroit area enjoyed a wealth of strong manufacturing. A lot of it, based in building carriage bodies, but iron stoves and building railroad cars, building railroad wheels. Detroit understood the manufacturing process, but also understood how to deal with steel, deal with iron, deal with wood, deal with rubber. Detroit had all of the talent and the designers and the toolmakers here, and the things it took to make an automobile. So why dont we go inside . Lets see the first car that traveled on the streets of detroit. What we are looking at here looks very much like an oldfashioned wagon. We just do not have a horse in front of it. In fact the horses are sitting inside the vehicle. It says a motorized carriage, a horseless carriage. This was the very first car to operate on the streets of detroit. Charles brady king, not henry ford, Charles Brady king was the guy who designed this car, designed the
Island. As you mentioned, neil, this is the worst one they have ever seen here. The future path it will take it a little bit to the east of turks and Caicos Islands that said, those islands in the bahamian chain got absolutely devastated by irma. I dont think its a direct hit there. After that this is about a strange of a dance as you ever see in the western atlantic ocean. See it all the time in the pacific. It is called the fuji effect, jamessed after a japanese meteorologist in the early 20s, that typhoons would dance around each other when they got close to each other. We have the dying jose off the eastern seaboard of the United States. That tries to pull maria northward up offshore well to the east of florida. However, when jose dies completely, a ridge of High Pressure may build back across the top. It is not out of the realm of possibility this comes back towards the United States, specifically towards the carolinas in six or seven days. That is the worry right now. But we can