So representative babbin. Yes, sir. Mr. Chairman, thank you very much. Id like to join the others in acknowledging those in attendance here today who lost loved ones in the accidents and our sincerest condolences to you and thank you for being here today. In the interest of time, id like to get right to it. Instead of directing my questions to one of you specifically. Id like to address these to both of you and let you decide who is best fit to answer. I think there is a feeling out there that after the lion air crash in indonesia boeing sat back and did nothing in terms of addressing the causes of the accident and since the second crash in ethiopia, weve heard a lot from boeing and the rest of the industry about how the information gleaned from these tragic accidents helped to ensure that they are not repeated. With that in mind, what did boeing do after the lion air crash to ensure that those circumstances were not repeated and do you have any specific examples of Lessons Learned tha
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c
Lets get a check on the market stocks higher to close the week. The s p 500 and nasdaq are on track for the worst week and shares of boeing, the big dow winner is up 4 . Well have much more on that story later on. Melissa, we begin with confusion at the fed and the president throwing another haymaker, the new york fed president John Williams with some market moving comments yesterday interpreted by some as signaling an aggressive rate cut. The new york fed later walked back those comments. The president tweeting today in part i like new york fed president John Williams first statement much better than his second statement his first statement is 100 correct in that the fed raised too fast and too early Steve Liesman joining us now with fresh. Lets do this one by one. Fresh fed speak first. Thank you. Speaking at the same conference where william spoke yesterday turned up that dust said moments ago the fed needs to follow through on what he said was a promise made to markets made in june
Adam thank you. There s still no update on billy s condition. Chelsea [ sighs ] i feel so bad for victoria. Adam yeah. Chelsea i know exactly what she s going through. But at least katie s sleeping and johnny is busy upstairs with connor playing cars, so all is well in their world, at least for now. Adam because you stepped up, babe. You stepped up and gave them all a place to land. Chelsea well, everyone was going to the hospital. Adam hell of a way to start the new year, isn t it . Makes me sick. Chelsea it s sweet that you feel this way even though we re talking about billy. I m sure this stirs up a lot of feelings for you. Usually you guys are breathing fire at each other and now he s there fighting for his life. Adam well, no matter what happened between me and billy, the man doesn t deserve this, you know. Paul so, any possible bookie connection for billy abbott . Kevin not yet. Paul you know, i am fascinated by that theory you pulled out of your a hat. You know, that billy s in