Evening, everybody. Sue is off tonight. Stocks again close at record levels. Well get to that shortly. First, another shoe hashe dropp inongoing crisis involving boeings grounded 737 max, and this te it fel in the companys c suite. Ceo Dennis Muilenburgs out immediately. Chan David Calhoun will take over next month and investors reacted positively to that news sending shas higher 3 . Phil lebeau has been following this. Why now . Reporter bill, i thiwo there were things that had happened within the last month that the board of directors ounally said,. We have to make a change. The first one being thatbu denn muil was called to washington, d. C. , and he was essentiallyressed down by the head of the faa. Theead of the faa said you dont make demands. We call the shots as to when this plane is safe anddy r to return to the air. That was a very public meeting. Maybe the meeelng i wasnt public but it was a dressing down. Ceos rarely he that happen. The second thing happened four days later
A sales miss and more weakness ahead. Is it time to trade out. The Investment Community is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this tuesday. Our Investment Committee at the terrible joe terranova, josh link and the chairman and ceo of the gobelli finds and chief executive officer of merrill private bank. We fin where else, the manchlgts a manchlgts. First though stocks lower as the twoday meeting in washington gets under way mr. Gobelli, the fed is going to cut, right im assuming 20 basis points and the real challenge is the currencies, the negative Interest Rates around the world are causing the dollar to get stronger so how does and what is the impact of that you think the fed should cut . Lets start there. Markets not that far. I dont spend a lot of time on it. I just assume that they will be cutting 25 beeps thats baked into the market of the for example, we have 100 u. S. Treasury fund. No sold taxes and its assuming that already,
Later this week, and a vote held next week. But the legislation faces an uncertain future. Over the weekend, senator john mccain said the bill was likely, quote, dead. Others have talked about working with democrats to pass a shortterm bill to help stabilize the individual insurance market. And some conservative members of the Republican Party want to see a full repeal of the Affordable Care act. John harwood is following the story for us from washington tonight. John, good to see you. So, whats the status of the Senate Health care bill . Reporter its not quite dead, but it is in very difficult condition right now, sue. The republicans found themselves before the break, they initially hoped to pass it by the fourth of july. They found themselves at least ten votes short. Youve got critics both on the left and the right. There are ways that they can tweak the bill that Mitch Mcconnell laid out the week before the fourth of july, but going in either direction risks losing senators at the
Getting some news from the International Energy agency. This is the balancing of Global Oil Markets has become less certain with opec production rising and little evidence that bloated stockpiles are shrinking as expected, while world of demand is climbing faster than initially estimated. Opecs implementation of the supply cutbacks of the implementation 30 come opecs implementation of the supply cutbacks needed to clear the inventory surplus has faulted to the lowest levels since january. That is according to the iea. That is a change from two months ago, when it said the rebalancing is here and was the shorting in term. Crude oil down by 0. 6 , 47. 44. Check out what is happening in the markets the day after that yellen testimony. The stoxx 600, as you can see, is up by 0. 25 . A big increase yesterday of 1. 5 , the most since april. The dollar spot index is down by 0. 1 , the lowest in september. Those comments on f inflation comes bring investors to lower their expectations. That na
ashley live now at 11. The amazing video. Three Police Officers confronted with a suspect. Not following orders. And then pulling out what looks like a real gun. That gun turns out to be an airsoft pistol. A toy. The shooting took the life of paul gaston. Tonight were hearing from paul gastons girlfriend. Nine on your sides John Genovese just spoke with him. John joins us live. That woman is still trying to understand why this happened. She cant bring herself to watch the video of the shootingand asked us to disguise her voice. 10 31 18i didnt believe it despite several commands police say 37yearold paul gaston was reaching for a gun forcing officers to shoot 10;31 08i think the shooting was senseless gastons girlfriend she asked us to change her voiceand not to show her face he wasnt a bad person he had a few issues here and there with drinking i do believe that played a role int he incident yesterday but overall he wasnt a bad person what we now know was an airsoft pellet gun recover