Granted, as i said, tonight the democrats are trying to prevent that. Theyve got Amy Klobuchar and Pete Buttigieg dropping out of the race to endorse joe biden. Now, if bloomberg were smart, he would actually get out of the whole thing as well. But you cant buy senators, right . If smarts, right . Ill tell you. If you think investors are spooked about the coronavirus, i bet you aint seen nothing yet, folks. If Bernie Sanders wins and i dont think he can, but its not impossible so dont wouldnt it out. If he wins after nearly 250 years as an established country, as an established capitalist economy, as a beacon of hope, america as we know it will no longer exist. The values we have always upheld, they will no longer be american. Of course, thats the goal, right . I mean, if Bernie Sanders were to win the presidency, i dont know, what happens to us . What happens to our economy . What happens to all our wonderful innovation . Our entrepreneur, our ceos . If they are not properly incentivi
At new highs. It probably helped that phase one of the u. S. china trade deal has been reached andhat the fed is not likely to touch Interest Rates for the foreseeable future. Today theow rose 100 points for a 28,235, nasdaq up 79. S p added l. Weave more on the markets in just a moment. But we begin tonight with boeg d these reports that the rospace giant will temporarily halt production of the 737 max jetliner starting in january. Its the first halt in its development, something that few sawas coming when the jet grounded last march. That sent the stock lower. Phil lebeau is following the story for us, as always what are the details of the halt and how big of a deal is this for boeing . Its a huge deal, bill. 737 max production starting in january halt, likely lasting5 60 days. I say likely, because boeing is not putting a timeframe in tms of when it planses toe production. That will be determined by whether or not the a lifts the recertifies the plane, lets say, by late january, ear
And probably a vote we expect somewhere between 6 30 and 7 30. It is important that everybody remember that it is im not saying it is a side show there will be people who are going to be talking about and i heard some of them today saying, listen, there could be a surprise in the senate, might be some defections. I dont see it that way. I look at i only have history not a lot of history with these things, but day by day of when clinton was impeached in trial and anniversary of which is tomorrow. Yes, it is. And you got that period from january 7th, 1999, february 12th, really the most turmoil and thats where you at the height of when things were bad, the nasdaq lost. 18 s p down 3. 0 dow down 2. 6 and after that the market roared. If you want to know when to buy, might want it buy into the teeth of tomorrow, maybe even next day. Because it is just a great opportunity. It doesnt feel as though when it comes to the markets that there has been any real impact from this no. None whatsoever
Spreads a little holiday chiara. Very good holiday for this one name all right. Thats not obviously all thats going on today so let us begin with the latest developments out of washington, d. C. , we are looking at the live look at the house floor. Lawmakers are closing in on a vote to impeach President Trump. Kayla tausche has the latest details. And the likely time line for you now, kayla. Brian, there is roughly two hours left of debate and remarks from Party Leadership before the house takes up a vote on two articles of impeachment against the president of the United States we just heard from the two congressman from texas moments ago. Republicans have lebron jamesly argued that President Trump is falsely accused of wrong doing by a party who doesnt like him. Democrats tried to argue that history will be on their side. A few moments ago we from justin amash who left the Republican Party earlier this year and may have president ial ambitions. He is going to be voting for impeachment
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making