And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then
On making money. Today im proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before. U. S. Stock markets have soared by more than 50 since my election, adding more than 19 trillion to household wealth. Charles President Trump launching the explosive American Economy in davos, citing unemployment rates, Household Incomes and of course the stock market. America is the best economy in the world but what challenges does it face in 2020 . I have a allstar panel for you in studio. Money map press chief, Keith Fitzgerald and Shah Ghailani and Technical Strategist dr barton. Let me start with you. We pot major breaking news ten minutes ago with boeing now saying that their plane wont get faa approval until maybe july. So if 180 points on downside, 90, boeing, number one component in the Dow Jones Industrial average, in a freefall at this moment. So there are things that can delay this rally. Were looking at one of them right
His presidency on the line dont want trunk leaves the United States he opened the World Economic forum in davos switzerland today by posting about u. S. Economy saying america is winning like never before but teenage activists credit she says that leaders like trump are failing to avert a climate catastrophe and sounding the alarm to Chinese State media reporting a 6th person as the phone with that new Coronavirus International airports train stations are screening passengers from china concerned bros as Health Officials with the virus can be passed from human to human plus as all straw use wildfires burn some of the countrys unique wild wife tonight now a mother and her songs are doing their part to help save the king a route. Im burnt goff its good to have you with us and we start in the United States history being made at this hour donald trump is now the 3rd president in u. S. History to face possible remove all from office by a trial the u. S. Senate is the setting for his impeach
Teenage climate activists spread its wings there she says that there is such a strong are failing to avert the coming climate catastrophe and it sounding the alarm that new coronavirus is now in the United States that report comes as chinese as state media say a 6th person has died from the new Virus International airports and train stations are screening passengers coming from china plus as bush fires continue to believe so does the countrys unique wildlife tonight how a mother and son are doing their part to help save the nations beloved kangaroos. Viewers on p. B. S. In the United States and all around the world well. And we start tonight in the United States history being made at this hour dont know trump is now the 3rd president in u. S. History to face removal from office by trial and u. S. Senate is the setting for his impeachment trial where trump faces charges of abuse of power and obstruction of Congress Congressional democrats say that trump conditioned Critical Military aid
Nest nestle im morgan brennan. That news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets Software Stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. Great to have you. We certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u. S. And then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. Now we get a statement i was looking at it this morning. You hate to be reminded youre losing money i figure if the stock, when the max goes back stock maybe misses on the first 10 but i wont have to deal with that and losing capital heres the statement from the company. Ill read the first few words. As we have emph