Halting max production plus, iff is merging with duponts biosciences and nutrition unit it is a deal that will create a new consumer giant valued at more than 45 billion. Iff ceo and duponts executive chairman will be joining us to discuss the deal in just a few minutes. And record rally, the iss p and nasdaq new highs lets start with boeing, moving lower in the premarket, the journal is among those reporting that the company is considering suspending or cutting production of the 737 max. In response to the story, boeing issued a statement to cnbc saying it would continue to assess production decisions based on the timing and conditions of a return to service for the max. And as we know, guys, faa last week through cold water on that return happening before year end. Right i think that this is something that some people say it is a foregone conclusion. And that the reason why you didnt see this before was that the way that accounting works, something i think a great cfo would understan
The big story today is the weather. Its been raining much of the weekend. Its caused a number of week. This video was sent in. Flooding south bound 280 just before the Mission Street exit. Gingerly driving through that mess. Drivers had to navigate the big puddle, causing some mighty big traffic backups as well. The weather really cause problems all around the bay all night and all day. So whats in store for today . Rosemary orozco with more on how the state is shaping up for us. Perhaps just a few scattered showers. It started out a little slow, but then the sky opened up. Outside our doors at this hour, a slick roadway over the Golden Gate Bridge. Mostly cloudy skies, and we are going to remain mostly cloudy at least until the afternoon. Will get some breaks in the cloud cover as the system continues to wind down. Outside our doors at this hour, widespread scattered showers reported over the bay area. There is a look at the radar. You can see the north bay done really dry at the mome
Tensions have continued to escalate in hong kong where one of the worlds biggest airports Hong Kong International has been brought to a standstill by a huge gathering of protesters for the second day. Flights were cancelled, check in Services Suspended and demonstrators barricaded access to departure gates with luggage trolleys before riot police moved in to disperse the crowds. These are the latest pictures. This is the Moment Police moved into one of the terminals. There were violent clashes, including this one where a policeman is attacked by protesters. And you can see here at one point, he pulls out his gun. This has also come in to the newsroom you can see young protesters mobbing a man they suspected was an undercover policeman theyve zip tied his hands together. He was later carried to an ambulance. The editor of chinas global times, a nationalist tabloid newspaper, says the man who was tied up is one of his reporters. I affirm this man being tied in this video is the reporter
Of Liquified Natural Gas exports in the global market, the recent growth of u. S. Exports and concerns about Energy Relations with china and russia. The hearing was held by the Senate Energy and Natural Resources committee. Manufacturers and residential consumers alike. We have such a massive Resource Base that we can send substantial volumes abroad. Were now leading the world in natural Gas Production. Hopefully soon well also lead in exports. A few of those experts are here to tell us what is driving these trends, where they may be headed and how u. S. L and g fits into the equation. I use this term quite frequently but i hope were going to hear some ideas this morning on how to make our exports even more competiti competitive. Im particularly excited coming from alaska about the role my state can play. T furk has just released the draft for the Alaska Project, has great opportunity to move some tremendous reserves of gas on the north slope to market. Its a pretty important milestone
Morning everyone the committee will come to order, we are meeting this morning to examine the evolving Global Natural gas markets, the increasingly Important Role of u. S. Liquefied natural gas as well as the Competitive Outlook for elegy. America natural Gas Production has literally change the game, we say that a lot around here about that, but, it has been a game changer. Our production has started to the levels that many never even thought possible a decade ago. This in turn is boosting our economy as well as our National Security. It is providing a longterm low cost low emissions source of energy for our manufacturers and residential consumers alike. We have such a massive Resource Base and that we can send substantial values abroad. We are now leading the world and natural Gas Production, hopefully soon we will also lead in exports. Mobile demand for lng, we know is increasing. More u. S. Lng export facilities are coming online and more of our friends and allies around the world a