Back to work we start with boeing, and the safety scandal over the 737 max. The plane maker has agreed to pay 2. 5 billion to settle us criminal charges that it hid information from safety officials about the design of the aircraft. 500 million of that will go to the families of the 346 People Killed in two crashes in ethiopia and indonesia. Prosecutors say boeing put profits ahead of honesty, as katie silver explains. They accuse boeing of one count of conspiring to defraud the United States, and that is because they allege that two pilots from boeing deliberately lied and tried to cover up information about exactly how their Safety Systems function. So we have heard from the justice department. They say that the company put profit over candour. They say they we re over candour. They say they were fraudulent and deceptive, engaging in half truths and a cover up. Of this 200 billion pay out, we expect the vast majority of that to go to airlines, about 1. 8 billion, as well as 500 milli
Shares in siemens slump with a quarterly loss it reviews the russia business no technical justification behind the cuts. We have no major announcement from the breakdown of operations this is why i cannot reconcile a technical reason for the supply of gas. And moodys cuts the italy outlook to negative with the political volatility in rome the center level is falling apart ahead of the key general election good morning welcome to another trading week. European markets digesting the strong payroll report of 528,000. Almost double what the market considered very strong number the Unemployment Rate also lower. Coming in lower heexpectations a recession defying number that reaction so far across markets has been positive. Stoxx 600 today is all trading in the green as far as the heat map is concerned the index is up 5 Percentage Points the week as a whole, the stoxx 600, down. 60 starting off on a better foot. This is the breakdown. The toftse 100 is higher today despite the gloomy Economic
Major comeback over the last four weeks. But heres the thing, guys, its not just those momentum stocks. Largecap tech stocks also moving to the down side. Steve malone vich at ubs has a buy rating on apple, but he did put out a cautious note today, saying apple could face pricing pressures in china. On that note, intel and ibm will be in focus, kicking off tech earnings next week. Thats when investors will get an initial preview of what to expect in the Second Quarter. Bill and kelly . Seema, thank you very much. Lets talk about whats going on today and what it means. Joining our closing bell exchange, winnie sun from Sun Group Wealth partners, rob morgan, mark matsen from matsen money. Anthony chen, maybe one of the most bullish economists on wall street. Hes with chase. And our own Rick Santelli. Anthony, im going to start with you. The tone of the market lately, weve seen very defensive issues moving higher. Utilities are actually up today, while the secondaries, the small cap stock
The stores and more next on prime time. To put any assets thursday to suffer fest here in korea lot from seoul. I need to pay them come and thank you so much for joining us. We begin with some welcome news for the nation into on the korean tradition of making and sharing and she paid unescos intangible Cultural Heritage of humanity list on this thursday korea time for more details on how the decision came about and what this means for the country. We connect live on the phone to professor pat sent me from azerbaijan shes a member of the World Heritage section of the Cultural Heritage committee and she took part at the eighth annual unesco World Heritage conference thank you very much for joining us and congress to link fence. You couldnt be well first off tell us what the atmosphere there was like at the moment the decision was made and what does it mean to be on this unesco blacks. Im going. Yes that is why. In it. On the point chc vez government welcomed the move. Erica like the prom
All across the country were seeing a lot of early voting. It means you dont have to figure out whether you need to take time off work and figure out how to pick up the kids. Experts say the share of early votes this time could reach 35 . The figure could exceed 60 in swing states such as colorado and florida. Obama visited six battleground states during a swing to win over undecided voter. He slept on air force one to save time. The president spoke before an audience of 15,000 people in the state of virginia. He told them that a republican policies had created an outflow of american jobs and caused the economic downturn. We cant afford to go backwards to the same policies that got us into this mess. We have got to go forward with the approximately see that are getting us out of the mess and thats why i am running for a second term. Thats why i need your help. Romney is targeting voters in swing states. People believe ohio will be crucial. This is an electtionion aboug things. The Ameri