Because of the hong kong elections. Record turnouts sunday, big loss for scombrabeijing. I think its heartening to see the people stand firm. For xi jinping, its a setback. What will he do now . Investors round the world cheered. Its part of our rally on wall street today. No cheering for uber. The authorities in london will not renew ubers license to do business there. Ouch. London was its best European Market. Uber takes the hit because of passenger safety concerns . Gee, i wonder if londons famous black cabs had a hand in this. Ubers stock is down 4 premarket. Seconds from now, frozen 2 big box office, tesla, dare i say a smashing success, and a little blue box, tiffany, now worth 16 billion. Varney company is about to begin. Has elsa seemed weird to you . She seems like elsa. Theres voice. Voice, what does that mean . Head for the cliffs ive got you. Stuart there you have it. Frozen 2 debuted this weekend. 350 Million Worldwide. That was the opening Worldwide Box Office globally, t
Pressures for boeing, downgrades at Credit Suisse and ubs renewed congressional scrutiny, shares tumbling 10 on the past week. Opioids on trial in ohio for Drug Companies reaching a last minute settlement ahead of a landmark First Federal opioid case. And Mark Zuckerberg speaking out, why the facebook ceo tells nbc news it is more important to be understood than it is to be liked. Shares of boeing under pressure, having its worst day in more than 2 1 2 years, losing almost 7 friday. As we said, Credit Suisse and ubs cut the stock to neutral from buy today boeing under scrutiny following the revelations of the emails from 2016, which called into question the safety of the 737 max jets Flight Control system. The board met over the weekend, expressed regret over the message, continuing to investigate. Dennis muilenburg is scheduled to testify at house transportation next week reuters suggested this Board Meeting in texas may consider things like job cuts and some other kinds of trimmings
Information the government run health plan you will not believe what we found sallie mae the Student Loan Company flew 100 workers on a junket to hawaii to celebrated 106 trillion of student loan debt. How will Elizabeth Warren explained that one . But they the president does face problems of the big voting block. The impeachment just got real the senate is preparing by september but reports are coming in the motor show new light on why Speaker Pelosi is not holding a full vote on the impeachment hearing. The state Department Official in the Obama Administration said he got the Cold Shoulder when he tried to raise the alarm in 2015 about Hunter Bidens work in ukraine he reportedly earned 3 million with Ukrainian National gas company. He never worked on business in ukraine now there is a Record Number of arrest at the border so where or are the democrats . As the present orders more security im Elizabeth Mcdonald and the evening starts right now. Thank you for joining us youre watching
Charles boeing is up. Was up a lot more after it continues to expect the 737 max to return to service this year. Jackie the initial reaction sent shares down. It was down to 330 a share but as high as 346. What changed the dynamics . Reporter good afternoon, charles. On its face this was a big eps miss. 1. 35 expectation of 2. 09. Revenues were slightly higher than expected. What was said about the 737 max plane. Anment acknowledges they still plan to get it up and running in the fourth quarter. Ceo Dennis Muilenburg said it is a top priority to return it to safe service. That is all it took to get analysts excited. Credit suisse had a note that there was no incremental negative news on the 737. That is really all investors wanted to hear. They looked at this as a crisis. The company is handling it. They are managing it. We baked it into the numbers and it will be on target to get back up and running. Having said that, im not sure the market is looking the right way. There are still a
Quarter earnings and shares a spiking on a surprise profit. We have the latest. Cloud carries clout did microsoft revenue beats the highest analyst estimates. Demands come in strong that it may be waning. We will explore. First, to our top story. Mark committee on merits of its plan to establish its own digital money called libra. While he struggled to convince them of the plan, he did share one major view with lawmakers. Too big forect is anyone company to do on its own which is why we set up this independent association with other companies and nonprofits areas it is a very complex project. As you say, it is risky. For more, we had to washington where our own reporter was at the hearing. Whats your first takeaway . People still do not trust facebook. That was the overarching theme from the questions we heard today. A lot of the feedback from members of congress was basically pointing out that things that facebook has done wrong in the past and asking given your track record, why shou