More information it can come out. In Los Angeles on results Tuesday is the day I do believe the 17th of December that is always to have you along everybody look I know there are days when we start with this corporate story or that and you probably say C'mon it's one lousy company how much of a difference can it really make I mean the American economy is in $1000.00 trillion dollar beast right. Well yes right but we bring you now the Boeing Company which yesterday as you know announced it's going to stop making for a while anyway it's fatally flawed $737.00 Max a problem yes for the company for its suppliers to about which more in a minute but also quite possibly a problem for that 19 trillion dollar beast the American economy this is Marketplace just in whole reports g.d.p. Growth could hit some Boeing induced turbulence before Boeing announces production halt its growing stockpile of undelivered 737 next planes have been boosting g.d.p. Says Tim Quinlan senior economist at Wells Fargo and so when they just simply stop making enough well that inventory boost goes away so without that both growth is now lower and the 1st quarter Quinlan estimates that the production hole could lower overall g.d.p. Growth by half a percent that's a small fraction of the overall u.s. Economy but Lou Tilley chief economist at Wilmington Trust says it's hard to imagine any other company having such an impact on growth Boeing is incredibly large obviously and has a lot of employees and the scale of the cutback here would be in the billions of dollars Boeing says the production haul is temporary and that it doesn't plan on laying off or furloughing the thousands of workers working on the $737.00 Max assembly lines Tom Darry c.e.o. Of the Institute for Supply Management says those workers have valuable skills Boeing doesn't want to lose in a competitive job market hanging on to the skilled workforce they have key strategic imperative for Boeing but if Boeing's production haul drags on Tim Quillin of Wells Fargo says furloughs and layoffs will be harder to avoid that would immediately impact paychecks but eventually it starts to pass through to the various suppliers for that factory and knock on effects to other industries that service those workers he says of workers end up getting furloughed or laid off everyone from parts manufacturers to the sandwich shop across the street would be contributing less. The g.d.p. In New York and just in how the marketplace so along those lines part of the reason Boeing is decision to suspend production of the 737 Max is going to resonate through a very big chunk of this economy is that its supply chain reaches through a very big chunk of this economy Marketplace's Jack Stewart is on that on the 737 Max might be a Boeing plane but the 35000 parts that go into it come from an estimated 600 other firms Boeing suppliers a modern aircraft is not produced by a single company and modern aircraft is really a global undertaking. The engines for example of built by c f m International that's a joint venture between General Electric and a French company and each of them has its own hundreds of suppliers Samuel angle covers aviation a global consultancy I c f the fuselage maybe built by spirit in the us the vertical pillars may be dealt in Japan or in China the landing here somewhere else spirits are a systems gets 80 percent of its revenue from Boeing as well as the fuselage it builds parts for wings and engines I contacted spirits and a handful of other suppliers a large and small as well as the trade groups but none wanted to talk Sean preach Nicky at Ohio State University's Center for Aviation Studies says supply is a busy figuring out how to slow or stop their own production there are significant hurdles to overcome when you start a production line in then you try to restart it later like inventory where you store the parts you can years how do you redeploy workers and in a worst case scenario how do you even keep them on the payroll and Boeing needs everyone ready to restart production says Kevin Michaels Ara dynamic advisory if there is a small supplier in Kansas that maybe makes a few parts of the aircraft that is in financial distress that can limit Boeing's ability to ramp up in a statement Boeing says it will work with suppliers to minimize disruption in an effort to keep its global so. Intact for Marketplace Here's another company grounding some of its planes nothing mechanical though strictly financial delivery giant Fed Ex reported a Bismillah quarterly profits after the bell today down almost 40 percent 40 percent global trade woes higher costs and a falling out with Amazon are the proximate causes share prices tumbled after hours modest gains though on the major indices during the regular session we'll have the details when we do the numbers. We've been following a couple or 3 retailers this holiday season small businesses all of them in different parts of the country to see how this their most important couple of months of the year are going up we 1st heard from them back in November just before Black Friday we did our 2nd round of check ins this week and 1st up an e-commerce retailer not too far from Marketplace world headquarters here in l.a. Who's coming up on a critical deadline. To go got on the founder and. I think from now up until the 18th they're going to be our busiest days just because of where you have to hit the u.s. Cut off times for shipping for these orders to arrive by Christmas my 2 little brothers are coming to help me this week and I'm putting Be Happier our office still looks like a hot mess but times 10 I think there's a lot of packages coming in and out every day so we're trying to stay as organized as possible but it's. She does e-commerce here in Los Angeles a couple more check ins in a couple more minutes. We're still a pretty long ways from knowing exactly what's in that phase one trade deal the White House worked out with Beijing but one of the key things President Trump kept saying as that deal was on again off again and again was that his terrasse were hurting China more than they were hurting the United States and the china has lost manufacturing jobs as a direct result of the trade war 3000000 of them the actual figure according to the Chinese government is $3800000.00 manufacturing jobs lost in urban parts of that country last year because of the tariffs though not entirely says our China correspondent Jennifer Pak. He. Is in good spirits now but a few days ago he fainted at work on the factory floor he manufactures screws for golf clubs for the u.s. Market. I work nights but I'm too old for that I have trouble falling asleep during the day time so my body couldn't handle it it's a far cry from his previous job at the United shoe factory which manufactures u.s. Brands like Red Wing shoes there he worked the day shift then last year he was laid off his shoe factory moved to Cambodia. I heard the company is offering a salary of 800 un a month in Cambodia whereas our salaries are 5 times more his job is among the 3000000 President Trump says were lost because of the u.s. Tariffs now Chinese government statistics do confirm a drop in manufacturing jobs but employment in factories has been shrinking since 2015 long before the u.s. Tariffs were in place work early June. We heard from factory managers that our company wanted to move out of China starting a few years ago the United shoe factory did not respond to our interview requests but manufacturers say the rising cost of wages raw materials and rent are some of the top reasons they're looking to leave the u.s. Tariffs may have just sped up their exit plan we'll by next. Week way the end was also laid off by the United shoe factory but she was not left empty handed and the main thing that I received some compensation from the factory and also unemployment benefits but that's not enough for her to stop working even though she is 51 a year older than the official retirement age for women China has a pension system but for years employers could get away without paying into it so even though legally and work for 18 years her employer has not contributed enough for her to receive it. Unless she pays in a few $1000.00 more than my money which she tells me she doesn't have. Even with the social welfare system you still need big savings in China at the start we told you that worker Lee sent June had a fainting spell well he stayed at the hospital for a few days and. Their health insurance covered some of the cost but I was too scared to stay longer and checked out early I still had to pay $3000.00 where and that's about $400.03 weeks of his current salary the Sangean says he's lucky to have found another job factory work has helped him put his children through college and build a new house plus. My wife and I have helped our 2 sons pay for their weddings and put down payments on their 1st homes but at what cost. To give his family a better life both he and his wife had to travel 700 miles from their village in central province to work in factories they left their children behind when they were just a few years old almost And then one man. Today his wife may laugh when she calls their daughter but she says they're not close you again have them is a thing apart from our children for 2 decades our relationship has suffered even though he called and wrote letters to them regularly still she has fallen memories of working for the United shoe factory which she says was a good employer not an easy thing to find now says her husband but he doesn't blame the factory for leaving China. The boss wasn't making money the factories closure he says is just business in Junction City I'm Jennifer Pak from Marketplace let's do a little calendaring here if we might the house is set to impeach President Trump at some point the next couple of days as you know then probably 2nd week of January or so the Senate trial is going to start and you know what happens then right your public radio station. Is going to preempt us to cover that trial gavel to gavel but that does not mean you have to miss us one word people pod cast doesn't matter where you get it just get it because the economy does not wait you know. Ellena George is the next up on today's brief tour of small business retailers heading into the last shopping week before Christmas we're checking back in with somebody who's been running his store for 46 years last time we had him on business had yet to really pick up now though he's getting there and this is Gary Merriman I'm the owner of the fish shark in Atlanta Georgia. The time is $948.00. December 16th 2001 thing well it should be should be very busy on the floor today it has been and most of last week we had a couple of kind of slower days haven't really seen what we call desperate in the retail business you have is you get closer to Christmas you get people that have procrastinated so long that they get desperate so they're and just grabbing stuff we haven't seen that that yet but that's coming we had a very good weekend online sales are starting to pick up pretty well. On those during Merriman the fish aka fly fishing place down in Atlanta. Coming up it's not that hard sometimes kind of stressful when your 30 minute drive to school means crossing the border but 1st let's do the numbers. $31.00 day 110 percent close to $28000.00 to $67.00 the Nasdaq found 9 points also a 10 percent 23 the s. And p. $500.00 to the point of call that basically flat 31 and 92 years from Jack about the impact of Boeing's plan suspension of $737.00 Max production on its suppliers here with some of those companies spirit systems down 2.8 percent Xcel also down 2.8 percent Woodward incorporated 2 point one percent to the off side or chronic down one percent United Technologies off a half percent Boeing by the way basically flats struggling retail a Bed Bath and Beyond is replacing some senior executives it as it tries to turn itself around changed and frogland struggling rather to stay relevant as I struggle with this sentence and moving more jobs online shares jumped 11.2. 0 zero's just a tad shield on the 10 years you know fell the 1.87 percent you're listening to more of the. 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This is Marketplace I'm always here at Marketplace been a whole lot of time keeping track of financial news and there is always and I mean literally always some article or piece of click bait promise you the secrets of retirement how to have $3000000.00 in the bank by $65.00 no matter how much you make today or some such so with that in mind give a listen to today's installment of our series My economy My name is Janet Johnson and I'm 63 years old Avlon a small business in Raleigh North Carolina now days I read everything I can about retirement and finances and. I never did before because it was just too boring but never now I need to know this stuff and I'm realizing that I don't even know what I don't know. You know as I've learned about things like under some conditions you don't get Social Security if you have a state pension and so I've got to learn about that and I wonder what else do I not know that I don't know so I don't know how to research it so. I would like to say class of here's everything that you need to know. My husband will be 65 on his next birthday so we're getting all these advertisements for dinners we can go to in l. Teach is all about retirement and I had a friend go to one of those and then totally make bad decisions based on advice that they gave or I have several people who I can ask financial questions but they answer over my head in ways that I don't understand what they're saying and I'll just tell me things like Be sure to be inflation averse and I'm like wow I don't you know I sort of know that that's important but I don't know what you mean like how do you be inflation averse and then they'll tell me to do something that I don't know what it means and so I figure Ok and then I go home and Google inflation numbers and you know see what can I learn about what that means I don't feel like I quite have it completely figured out yet but I feel pretty good about the fact that I think we are to the point where we are but will be able to pay our bills and eat and get car repairs done and we'll have health insurance. I figure I've got a couple years to actually understand it all I'll just be super conservative until I do understand it. And now I'm trying to navigate Medicare and I think what did and make me and used to say on this boring commercials when we were kids. On the thing if you or someone you know is about to turn 65 and I would quit listening. Janet Johnson there she is in Raleigh North Carolina we cannot do this series without your help everybody should take a 2nd wouldn't let us know what is happening in your economy there's a place you can do it at Marketplace. There are stories told along the southern border of immigration and human rights abuses of hardship and of risk taking nothing really positive at all here though is a moment of opportunity driven admittedly by financial necessity the high and rising cost of college is real and it's everywhere but as Madge Rivlin meddler of key p.b.s. Reports some Southern California students have found another option. Rebecca Young is an archer of Vasquez carpool together most days at 7 am to cross the border to go to college these American students both went to high school in San Diego and are business majors. As they approach the u.s. Border with Mexico there's barely a line on his usually makes the trip from San Diego to her school in Mexico in half an hour hard sometimes kind of stressful just make a list of the problems at the border but besides that it's been Ok so far. Both are students at such a private university with 3 campuses close to the border one in 2 Quanah one in Mexicali and a 3rd and Sonata along the coast after of the 2008 financial crisis administrators at SETI speed gain are seeing an uptick in the number of American students crossing the border into Mexico to get their degrees Fernando Leone Garcia said he's president historically we've had on and off families with some links to Mexico however as a result of some complications within California in terms of Troy cos accessibility it all of us became a popular and increasingly frequent incident in-state tuition for the u.c. System runs about $14000.00 a year to issue at Cal State is about half that but many schools in the cow state system now require that students live on campus their 1st year that can cost about $10000.00 annual tuition at such East which has no housing requirement is just under $12000.00. Such as became the 1st university in Mexico to get accreditation by the Western Association of Schools and colleges in 2012 that's the same accreditation held by the California State University system if you have accreditation then you have a certain level of quality that people look for there are currently 337 students at SETI Sue graduated from Southern California high schools that's up from just 50 in 2010 last year the university launched a business program exclusively in English the 1st of its kind in Pa The university is located in an area surrounded by Nakia dot us multinational companies with factories along the border so collaboration with multinational industries and therefore employee ability all of these are factors have some impact in terms of the students decisions to come here Vasquez and Yana say they have to deal with some pushback from friends and relatives when they decided to study in Mexico that's just started out at a community college in San Diego before transferring to cities for its business program he says his parents disagreed with this decision and their original response was Well we already live and send you away don't you study here you know you already know the system you've been here. For your whole life a year and he doesn't regret studying in Mexico both students plan on working in the border region where they hope their cross border experience at such East will be an advantage and I'm actually now Adler from Marketplace. We've heard throughout the program from a couple of different retailers one whose business is still pretty fresh one who's been running he's for more than 40 years and we close out our short term with somebody in the middle of New England chocolatier in bus