Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march. The second crash, number cruncher Charles Brady says it shaved 641 points off the dow since that second crash in march. As for Dennis Muilenburgs exit package, were sitting for sec filings on that. Reportedly eligible for a 39 milliondollar payout including 6 million in cash and stock and bonds. Connell. Connell good for 80 points or so today on the dow, thank you, grady. Kaltbaum Capital Management president Gary Kaltbaum joins us now and lets talk about boeing for a second and then well broaden this out a little bit, gary. I said finally fired, before i went to grady, people could see it coming but took egg boeing aa long time to act. We know he was fired and replaced. How do you think this played out . The reason he did for a while, the man did a marvelous job before the crashes happened but total mishandling of the last few months. Eight weeks ago they said they would expect to fly by december or january. That was way off. They overpromised and underdeliverred. I think a matter of time, the fact that the stock is doing poorly, nothing is getting done. The change had to happen. Better days ahead but i keep hearing, march, april, may, june now for airlines. Im not so sure it will happen anytime soon. Connell from an investment perspective which is how you look at things many times, crystal ball is tough but we could look back on the event as a bottom for the stock, right . What do you think . Potentially i watch price first and only thing i can tell you i dont know just yet. I have this little motto in the market. Where there is uncertainty i tend to stay away. But this definitely is on my radar because if they get past this once, once they get past this, i suspect the stock would really do really well Going Forward but there is still too many things out there. You have airbus as great competition. We dont know if they get the thing up again, when they will get it up again. I take a step back. There are some other things working in the market right now i dont have to worry about it. Connell youre right about that. Talk about that a little bit. Eight in a row at the close for nasdaq in terms of record highs if we get there we havent actually had a string like that of records, since i believe 1998. Com, oh, right . We didnt know what was coming after that. So couple ways to look at it. You could say are there bubbles forming now that we should be concerned about . If so, where do you see them . Do you remain bullish on stocks, at least near to medium term. We keep this going . What do you make of the market . You have to be bullish, that is number one. Look for me, ive been writing if you get my reports, jay powell is providing more liquidity now than bernanke did when we were in the throes of financial meltdown and 9 unemployment and markets just love it. So i think thats whats fueling a lot of this. The economy is reaccelerating. Im actually guarantying you that right now. Connell okay. I think numbers, for this quarter, i think a lot of people would thought we would be low ones. I think well be in the low twos. That means earnings will accelerate a little bit again but if earnings dont pick up, eventually there will be a wall, but right now, i have to tell you, just everything is breaking out. I think there were 800 new yearly highs in the market last week. That is really good stuff. Connell right. Apple is just going insane because people believe 5g will be monsterous for them. You know, i cant see anything bad which worries the heck out of me but right now into the new year i think were in pretty darn solid shape. Connell ride the wave while it is still there. Gary Great Holiday. You too. Connell last minute shopping underway. If you look at numbers, shoppers are spending big, they dropped 34 billion over the holiday weekend. Put that number in perspective that was 3 billion more than spent on black friday. The former chairman of blacks, joins us now. Nice finish to the year, steve . I think connell, mastercard pulse spending data through the early part of december saying consumer is holding up healthy in the 3 plus range. The Consumer Shopping early, theyre shopping online, theyre shopping for discounts. Youre seeing at the close of the season, heavy rush to christmas. Im feeling, as gary your previous speaker said that we have a consumer that is 2 3 of the Economy Holding up pretty well. Connell the other thing i saw that they expect a lot of returns. Part of that is, you know, people maybe dont like what they get. Because it is bought online, it doesnt fit, whatever the case may be. Because so much of that was bought online, people dont like to ship things back all the time. Even if they bought it originally online they will go to the store in person for the returns. Maybe that gives us another leg in january or the next few weeks where the brickandmortar stores start to do better because people are running amazon packages. What do you think about that . Youre absolutely right. The returns are a while part of the equation. You have a return coming in, you didnt like what you got at christmas. You go back to the store, getting upsell, betting that return, turning it into a sale is critical for retailers especially now you have call it, 10, 15 of all commerce is being done online, so youre getting a decent return rate, and that up seller getting the consumer to translate it back into a purchase is critical for retailer profitability. Connell the economy is funny, conversations we have about it. To garys point, the term we may see a reacceleration in growth. Wasnt that long ago, people were saying we would head into recession. Then we would avoid recession but it is not great. Then more optimistic terms. Where did i think we are right now . Back in august we were talking about a recession. Right now were talking about a healthy consumer. I feel terrific we may get resolution on the tariff situation. That plays into the consumer. As we go into next year, were in a political year. Usually tend to have, youre not going to have dramatic things happening with the consumer that could hurt them. Ultimately the consumer speaks with their wallet. Right now theyre telling us unemployment is low, confidence is high. Theyre coming in next year with fairly good amount of momentum. 3, 4 , of growth in the consumer off last years growth. Holiday season, mastercard was off 5 . You have a twoyear stack very healthy. Connell yeah. Good momentum. Connell has this surprised you, how resilient it has been, how consumer kept it going for as long as it continued . This has been a long cycle. People thought it was longest cycle. People thought is it would end. You have reacceleration. You have continued momentum. As long as earnings continue to hold up, the consumer is seeing increases, low unemployment. Theyre feeling pretty good about their own situation. Theyre continuing to spend it theyre spending differently. We shouldnt assume that the world is the same. Theyre spending more online. Theyre spending more for experiences. Connell yep. Theyre shifting behavior. Digitally Disruptive Brands are coming and people are reacting to that. Value is even more important than ever, so the walmarts, targets, off Price Players are doing well. Department stores are not doing as well. But overall consumer feeling newness, excitement. Theyre out there shopping. Connell right. When you add it all up, numbers are huge like 34 billion over the weekend. Absolutely. Connell steve, thanks for coming on. Happy to do it. Connell the rise of skywalker is it the beginning of the fall of star wars . Where the franchise is heading after the break. Dont miss us after the bell today, 4 00 p. M. 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That makes it the lowest opening for the Disney Star Wars trilogy. That is the last place reference. Fox news contributor Kevin Mccarthy joins us. Some would say 175 million is a good problem to have. Not if youre star wars, where you get compared to, star wars. What do you think . Good morning to you. Merry christmas, connell. This is an honor to be on. This is an interesting thing because i feel like the attraction for this Film Box Office in my opinion lower than the first two. You think about the first movie coming out, youre rebringing back han solo, luke and leia. Of course that movie will open up to extraordinary numbers, 248 million in the opening weekend. You will dip down to last jedi, 220 million. The appeal is still there the cast coming back, kind of what happened in episode 7 would lower episode eight. Now episode nine comes around, youre selling entire ending after trilogy without the idea of seeing visuals of hahn, luke, leia in the trailer. Besides that it doesnt have the core main characters in the promotion for the film. Connell right. So i think in my opinion were a bit of a star wars fatigue, right . A lot of questions where these even movies even fall in regards to the timeline. Solo the spinoff, rogue one, it did a lot of money it, opened up at lowest. It is at the end of the nine star wars saga. There is a lot of criticism. Episode 8 was very divisive among critics and audiences. This is other way around. Audiences enjoy episode nine. Critics were very divisive. Connell i dont know enough, my star wars fatigue set in much earlier. Im probably the wrong person to ask. Right. Connell a lot of people are obsessed with it, but maybe not level they needed to be. What is the critissue with the movie and what issue do have with it . What did you think of movie . Im on other end of the spectrum. I loved the force a wakens. I didnt like the last jedi. That film ways away took all the expectations in j. J. Abrams, the force awake. It was new fresh take on what was going on with luke. Audiences didnt get the familiar star wars sawing goo what force a awakens you had to finish what he did in episode nine or episode vii. A lot of audiences were starved for no, sir tall today. Critics were upset because they reverse ad lot of what rian johnson did in episode 8, the last jedi. Connell people thought 200 million plus. Any other studio fortran choice would take that. You want to talk about cats. I saw the trailer. It freaked me out. You have all the luge names. The latest news, universal has come out, i dont know if it is happened before but notified the theaters they will update the movie which cant be a good sign, update it with improved visual effects. What is going on here with cats. Want to talk about box office failures, opened up to 6 1 2 Million Dollars in the domestic box office. Which film reportedly cost over 100 million to make. The question youre referring to connell the idea what happened to the redone version of this . Tom hooper, who is great director, did films lemes. The movie was not finished until last monday before the premier. He didnt have a finished product to deliver. What happened to the rereleased version of this, studios, apparently theaters got a memo from universal as you mentioned, this is article in the the hollywood reporter, that they would get a updated version of the movie with new visual effects much the visual effects when i saw it last thursday were absolutely horrendous, to the point it was again win nightmare to experience as audience member. A guy next to me, one of four people in the whole theater who was snoring, his snoring was actually more interesting than the movie itself, by the time the movie opened, the visual effects were so frightening connell i didnt know cavuto went to the movies. He was right next to you. Neil was behind me passing out. He had popcorn. He was sleeping. The guy was genuinely out like a light. A hour later he got up and rolled out. I was super jealous. I was as a critic watched the whole film. Get someone up and snore and leave. That is not a good sign. Connell not a good sign. The movie is a actual genuine nightmare, to be honest. Connell good to see you Kevin Mccarthy. Genuine nightmare. Merry christmas to you too. The flip coming up that is not a flop. How the razor flip phone is making a comeback in a big way. Apparently there sis huge demand. Well talk about it. You dont use this old tno g, do you . Or how bout this dinosaur right here . Nope then why are you still using a laser printer . Its got expensive toner cartridges. But this. Is the Epson Ecotank color printer. No more expensive cartridges big ink tanks. Lots of ink. If you dont think this printers right for you, just pick up your phone. chuckling . And give me a call. The Epson Ecotank. Just fill and chill. Available at. And everyone has dads eyebrows we chose eleanor. It was greatgrandmas name. So apparently, we come from a long line of haberdashers, which is a fancy word for. They left everyone, and everything so they could get here. And start this family. Every family has a unique story. This holiday season, help your family discover theirs. Connell investor received a pretty big gift. China coupling out saying they are cutting back tariffs on 389 billion worth of imports. The china analyst gordon chang is here on signal being sent to the rest of the world. Good to see you, gordon. What does this tell you, that china made this announcement over the weekend . First of all, there are 850 categories of goods where there is tariff relief. There are 850 reasons why they did this. One of the important things china is going through a severe food crisis right now. Pork prices in november were up 119. 2 . Food prices in general up 19. 1. They were going to have to buy ag and they were going to have to reduce tariffs anyway. Part of this is victory on President Trump. They banged on the chinese. The chinese understood they have to come to the table, they have to trade more fairly. Semiconductors, they want the world to support huawei. That is a real threat to the United States and to our allies and friends. So selling semiconductors to china actually helps china and hurts the United States. So you know, of course they will reduce tariffs on it. They want to entice equal comes and microns and everybody else to sell to them. Connell who has the advantage now . Phase one looks like it is done, socalled fay phase one. It will be signed in january unless something strange happens, who knows, but if that is the case you have this reduction in tariffs. Chinas economy is doing what it is doing. Our economy still is in strong shape. Who has the advantage right now . We still have the advantage but our advantage is much less than it was before t