The etf industry, big numbers are par for the course. Our analyst Eric Balchunas is used to big numbers. Eric this is no exception. This is the end of the year, the last show, so normally go over weekly. You today numbers are big. 324 billion. That is the second biggest year of etf flows ever. 7 organic growth. Lets look at the top leaderboard of the year. Bti broad market. 31 , that is the best return for the s p since 1997, even though it did not feel like that. Usmv was a shocker. Interesting for smart data. By one basisee point, enough to win this internal the battle. That is the hangover from 2018 and rates falling. Take a look at the Asset Classes. January to october, equities not that big. 40 of their flows in the past two months. Fixed income, look at that drop off. Gold as well. Look at their growth this year. A little below average but 18 look at their growth this year. Fixed, way above last year. Lets look at the leaderboard in terms of the issuers who won and lost. For the
Up well dig into that. Celebrity chef eric ripert joins us live. It is going a big hour ahead but we begin with that massive shakeup in whats called the corporate story of the year. The most important stock in the dow. Boeing firing ceo over the 737 max crisis and poor communication with investors and regulators it cost his job. Removal is effective David Calhoun will take over as ceo in january some might say this is a complete 180 from what 180 and muhlenberg just said last month. From the Vantage Point of our board dennis has done everything right. From the beginning remember dennis didnt create this problem but from the ginger knew that mcas should to be done better. Have you ever satin company and thought you should leave i thought about it. To be frank thats not what is in my character. I dont see running away from a challenge, resigning as a right solution lets bring in our airline repo reporter and our cnbc contributor. Right move by boeing, right timing, overdone, too late a l
Ceo Dennis Muilenburg pays the price for his repeated failings regarding the 737 max. And what were we thinking . The social habits, the fashion faux pax, the must have gadgets of the last decade, that we can finally say goodbye to. Hello and welcome, im katty kay in washington and Christian Fraser is in london. There are very mixed reactions today, to news that 5 people have been sentenced to death in saudi arabia for the murder of journalist Jamal Khashoggi. Amnesty International Calls the sentences a whitewash, the Human Rights Group criticised the process, because the trial was closed and there were no independent monitors. But mr khashoggis son, salah, publicly disagreed, tweeting. Fairness of the judiciary is based on two principles, fairness and speedy litigation, so there is neither injustice nor procrastination. Salah still lives in saudi arabia and its not clear what pressures he may or may not be under to support the government. The last public sighting of Jamal Khashoggi, s
Eight in a row for nasdaq. The longest string of records in 21 years. We have fox Business Team coverage. Grady trimble is in chicago with the latest on the bowing shake up. Boeing shake up. Phil flynn at cme. Grady, kick it off with you. Reporter no doubt, boeing new ceo, David Calhoun will have his work cut out for him. Having to get the 737 max plane back into the air. Also winning back confidence of people who might have lost it in the companys 737 max. All of this comes after the now former ceo, Dennis Muilenburg has been under fire for his handling of the 737 max crisis. A lot of people say the company under his leadership was too cozy with regular regulators getting the plane to market. Families of the victims said the company wasnt transparent enough after the two crashes and how boeing played at least a partial role in the clashes. Boeing halted production of the plane last week while it works with the faa to get it recertified. The company says the new ceo will bring new comm
Good. Varney company is about to begin. David lets get right to your money and there is more of it. Markets expected to open higher as china cuts tariffs on 850 products. Come in, market watcher Keith Fitzgerald. Will we hit 29k or even 30k before the new year . What do you think . That is not as outrageous as it sounds. We are within striking distance of that. We got to have a good broad session, but the lack of headlines that are going to interfere with that is key. I think we will get there. David you think of what has happened in the past year and again, a lot of it had to do with the fed, wasnt necessarily because of trade policy, the fed was pushing up rates, that was pushing down the market, but 6,000 points since a year ago, and i think the bottom was actually more than 6,000 points, when you look at it today. What was happening then thats not happening now besides the fed . Well, i tell you what, this is a real testimony to the faith and inspiration and innovation that drives