That is boeing. Today, there will be a test flight for the max jet. It will be put through its paces with all kinds of maneuvers. The results, recorded. This is part of the recertification process. The stock is up 5. 5 . Watch this stock, too. Facebook. The list of companies which will no longer advertise on it is growing. They want founder Mark Zuckerberg to weed out what they call racist or threatening or misleading advertising. That stock is down bigtime, seven bucks. How about this. Politico says the president has told close aides hes worried about losing in november. Former new Jersey Governor Chris Christie says mr. Trump will lose if he doesnt change course. 127 days to the election. Joe biden leads. The virus is coming back. And the market is rallying. Welcome to the monday morning edition of varney company. Stuart im going to start with boeing, almost two years after that fatal lion air crash involving the max jet. They are set to begin recertification testing. Susan, come in,
The dow was dragged lower in part because of boeing, which reported a massive loss for the Second Quarter. It also warned about something that no shareholder wants to hearabout, that itay have to halt production of its 737 max if the grounng of the jet liner drags on much longer. That pushed the stock 3lower in todays trade. Phil lebeau is on the story for us tonight. Reporter with the 737 max grounded for months, boeing ceo Dennis Muilenburg says his company could shut down the max Assembly Line if the current plan for recertifying the plane this fall is pushed back even further. If any of the timeline assumptions change significantly from start of the Fourth Quarter return to service, then we will have to evaluate alternatives, and those alternatives could include different production rate they could include a temporary shutdown of the line. Not something we want to do, but an alternative that we have to prepare for. Reporter stocting pron could mean temporarily laying off thousands
The Senate Banking committee yesterday held a hearing on Digital Currencies and how they should be regulated. Well hear from witnesses from a Financial Services company, the Congressional Research service, and a law professor. This is about an hour and 25 minutes. This hearing will come to order. Last congress, this Committee Held two hearings examining the Digital Currency ecosystem. In those hearings we heard about some of the development that is have occurred within the Digital Currency marketplace since the creation of bitcoin in 2008. The potential benefits of Digital Currencies and the concerns about the value stability, fraud, and illicit uses, market manipulation, and privacy. Since then, facebook announced its intentions to launch a block chain system, lee bra, that will be comprised of financial and nonfinancial members including facebooks digital wallet service. Facebook including how they interact with u. S. And International Regulatory frameworks, the potential benefits an
Island. President trump says it is the earliest he can visit without disrupting recovery operations. Hillary clinton says there is more than meets the eye regarding the relationship between president s trump and Vladimir Putin. Ms. Clinton i believe he has something on donald trump, or trump thinks that putin helped him so much that he is not going to turn on putin. Either is horrifying. Alisa you can watch the charlie rose interview at 10 00 p. M. Eastern. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is Bloomberg Technology, live from new york. Coming up, google searches its search and shop playbook with less than 24 hours before the e. U. Deadline. The tech giant faces an ultimatum to level the Playing Field for rivals or risk fines with 5 of revenue every day. We will discuss the big decision. Plus, the massive data breach at
Seen any innation as judged by the cpi since october. That number is due out at 8 30 eastern time. Then later in the morning watch for the Housing Price index. New home sales and richmond fed survey. St. Louis fed president gym bullard is set to Start Talking in london in a few minutes. In the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u. S. Economy. Gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. Given that Monetary Policy is a blunt instrument its going to have unintended consequences or effects. The goal for me is just to get the economy back to full employment. Get inflation back to 2 and Interest Rates back up as appropriate back to more normal levels. He will not be composing the music for the new movie. I thought he was. Originally he was signed on. He will not. Well check into that. But i thought i saw recently hes n