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
A very warm welcome from right here in our blood body. We have a great day ahead of you. Many important figures speaking to the conference and they will speak to bloomberg. We have a real rally on our hands and a potential for more momentum. Or do we . Bitare looking at a little of a global risk on momentum. Before the powell testimony is saying sustained growth is there but he doesnt want to kill it off with high rates. Oil inventories could rise by 2 million barrels. In february. 1. 5 the best january in a decade for the oil market. This is dollaryen. The worst quarter in dollaryen in four years. Still the market is hungry for a bit of en. Of yen. 2018 special items will be slightly rising. This is a forwardlooking statements. That missed the estimates given the growth that the imf and the world and the ceos talked about. About slighting sales growth for 2018. Estimate. Eat on the would you have there is a green to measure manage merger their oil and gas unit. This is what the market
Footage of the man believed to be behind the van attack in barcelona. And u. S. Warship collides with a huge oil tanker in singapore. Ten sailors are missing in the second accident involving a naval destroyer in just over two months lets take a look at the picture that we have so far for the european markets there is quite a lot of red out there, with the stoxx 600 carrying on its negative theme from friday when it was down by 0. 7 its adding a further 0. 2 to that red line. As for the individual european markets, the ftse 100 sitting flat with a down side bias, the xetra dax down by 0. 4 , and ftse mib down by 0. 2 adding on to what was a negative day on friday these are the individual sectors that were following for you travel and leisure is managing a bounce back after a drop of 1. 5 friday loochk with travel and leisure, we have basic resources putting on a nice gain of 0. 7 food and beverages a also above water. Lets get to one that has popped on the stoxx 600 and that is maersk.
Love are you and ned ryan who joins us from cpac. Was it as electric as it looked to us on tv . It looked like he had the crowd eating out of his hand. The energy, the excitement. Multiple standing ovations. He had to tell the crowd to sit down multiple seems. Ed the one line that stood out to me is the gop will become the party of the American Worker. If trump can do that between now and 2020, he shored up 9 conservative vote with neil gorsuch he will win the next election hands down. Charles last year donald trump was not at cpac. But its been a long time and and lot has changed. What did you make of whats going on now and not on the reception, but the remaking of the conservative movement . Throughout the year President Trump stuck to his agenda. He won people like the tea party over to his promises. Way saw today as i watched his speech is hes continuing to advocate the same agenda he ran on. Hes keeping his promises and we have every reason to believe he will continue to do that.
Love are you and ned ryan who joins us from cpac. Was it as electric as it looked to us on tv . It looked like he had the crowd eating out of his hand. The energy, the excitement. Multiple standing ovations. He had to tell the crowd to sit down multiple seems. Ed the one line that stood out to me is the gop will become the party of the American Worker. If trump can do that between now and 2020, he shored up 9 conservative vote with neil gorsuch he will win the next election hands down. Charles last year donald trump was not at cpac. But its been a long time and and lot has changed. What did you make of whats going on now and not on the reception, but the remaking of the conservative movement . Throughout the year President Trump stuck to his agenda. He won people like the tea party over to his promises. Way saw today as i watched his speech is hes continuing to advocate the same agenda he ran on. Hes keeping his promises and we have every reason to believe he will continue to do that.