About to walk into a wonderful Exhibit Called Americas motor city. Its been the Motor City Capial of the world since 1914. We have been while other towns built cars, we built lots of cars. Detroit understood the Manufacturing Process but also understood how to deal with steel, iron, deal with wood, deal with rubber. Detroit had all of those talents right here and the designers and the tool makers and the things it took to make an automobile. Why dont we go inside and see the first car that traveled on the streets of detroit. What were looking at here looks very much like an old fashioned wagon. We dont have a horse in front of it. The horses are sitting inside the vehicle. Thats a motorized carriage. A horseless carriage in was the very first car to operate on the streets of detroit. Charles Brady King, not Henry Ford, Charles Brady King designed this car. He designed the engine that went inside of it. Oliver who helped him with the engine drove him down detroit. He was about 25 feet b
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 hasn t been a great road si
wealth of strong manufacturing, a lot of it based in the building of carriage bodies but also in building iron stoves and railroad cars and wield, so detroit understood the manufacturing process but they also understood had a steel and iron and wood and rubber. detroit had all of those talents right here in the designers and tool makers in the that in talk to make an automobile. so why don t we go inside and see the first car to travel on the street of detroit. so what we are looking at here looks very much like an old-fashioned right again, we just don t have a horse in front of, it in fact horses are sitting inside the vehicle, it is a motorized carriage, horseless, carriage this is the first to operate on the streets of detroit, charles brady king was the guy who designed this car and design the engine that went inside of, it it s an unusual engine, four cylinders at the time people were using single or double cylinder engine, so powerful little vehicle. so charles brady
wall street global economy editor jon hilsenrath. great to see you guys. we have a lot coming up. james carafano. mohamed on the economy and markets, former pennsylvania governor on 2020 race and policy director peter navarro joins us talking trade, markets and the fed, don t miss a moment of it, big 3 hours, markets have a firmer tone, mix trading dayiest, we are waiting on crucial speech this morning from federal reserve jay powell, the central bank chief addressing commentary policy and future rate cuts, we have jon hilsenrath to tell us what you re expecting, jon. jon: it ll be hard for powell to go on a limb, there s a lot of division within the fed itself. we talk about the pressure that powell is under from president trump. president trump wants him to cut rates, there s some he is attendance as we reported earlier this week about half of the regional bank presidents, one eager to move rates down at the last meeting, powell has to set the table carefully. you had exc
trade concern hitting companies, uncertainty looking forward to the fourth quarter and there s a slowdown in the china economy and it s going to impact some of our companies here. maria: well said, it s all about growth, dagen, that s bottom line. dagen: it is, technical things at play here as well with the stock buybacks that have really pushed up technology stocks this year going into the quarterly reporting season, you technology companies that traditionally step away from buying back stocks so that s play intoed the selloff that we ve got recently. maria: great point. dagen: stock buybacks that have been the underpinning for the stock market s recent gains, record particularly in technology stocks, you remove demand, the underlying demand even if it s temporary and exacerbates the selling. cfo s will be buying stocks at the valuations. maria: i would think so, you had a major day yesterday, dow plunged better than 800 points, the worst day since february as concerns ove