Dennis muilenburg, replacing him will be the former chair, technically chair, will step out of chair, become president and ceo, David Calhoun he becomes president and ceo effective january 13th what was the final straw that broke the camels back in large part, the relationship between boeing and the faa which is completely broken down over the last several months. I learned from sources that this morning David Calhoun called the head of the faa, steve dixon it was a short but amicable phone call in that call calhoun said to dixon boeing welcomes rigorous oversight. He also said boeing wants to be regulated. This is a big change in tone for boeing compared to where it was a few months ago but in terms of whether or not Dennis Muilenburg was not going to be in the job for long, it was expected for some time his tenure would be short. This is our conversation with him in the halls of capitol hill just a couple months ago have there been discussions with the board maybe once this is certif
Up well dig into that. Celebrity chef eric ripert joins us live. It is going a big hour ahead but we begin with that massive shakeup in whats called the corporate story of the year. The most important stock in the dow. Boeing firing ceo over the 737 max crisis and poor communication with investors and regulators it cost his job. Removal is effective David Calhoun will take over as ceo in january some might say this is a complete 180 from what 180 and muhlenberg just said last month. From the Vantage Point of our board dennis has done everything right. From the beginning remember dennis didnt create this problem but from the ginger knew that mcas should to be done better. Have you ever satin company and thought you should leave i thought about it. To be frank thats not what is in my character. I dont see running away from a challenge, resigning as a right solution lets bring in our airline repo reporter and our cnbc contributor. Right move by boeing, right timing, overdone, too late a l
Billionaire. Lou is a salesman from the drop. He wanted to connect with you, and this was his skill. His belief in himself and his capacity to make you believe. Most people fell for it. We never even questioned if that was real or not. He was very good at being shady. Lou was so charismatic, so sympathetic, everyone wanted to be a part of his world that here created, without realizing he was robbing them blind. It was blimp money that started the whole thing. Thats incredible. Louis j. Pearlman grows up in queens, new york. He was born in 1954. And so right next to where lou pearlman is growing up, coming out of flushing airport, there are these airships that take off. And when lou pearlman is 10 years old, he sees his first Goodyear Blimp. The blimp transforms his life. I saw the Goodyear Blimp flying outside my window, and i was like, what is this thing flying around . It intrigued me. It was the worlds fair at the time and i managed to get a ride on it. I was hooked. I loved flying.
Purchases. They remain over odds on that. Apple and nike are leading the dow higher joining us for the hour to talk about all of that stephanie link, a tiaa company relatively quiet day but that doesnt mean that theres nothing going on we had Economic Data and now this headline with u. S. And china still at odds. Here we go again. I thought the data today, the Economic Data was the driver pretty good. Initial claims, the trade data in general thats going to help Fourth Quarter gdp i thought this week ism services was pretty good. Were seeing okay. Overseas were seeing some pretty good data especially the pmis in china, europe, europe gdp today no worse than expected all of this seems to be setting up for better growth for 2020. We just need trade resolution one way or the other german factory orders and retail sales softer than expected i get the trend is less bad in general in the last month. Factory orders actually was revised last month higher. Lets see. Less bad, but i think theres
Markets. Up and down. But right now if you look at what weve seen happen over the last month it has been impressive somebody this week was talking about 1938 in a different context. I cant remember what it was not political context in a fed or some type of economic context yeah. Yeah. So thats quite awhile may wasnt so great. May was terrible. That set you up for june all three major indices are having their best month since january of this year triple digit gains as we head into the g20 meeting this weekend with so many people watching what will happen between china and the United States look at what happened overnight in the asian markets you will see the nikkei was down by 0. 3 . Same thing with the hang seng. Shanghai was weaker. Down by 0. 6 then this morning in europe, where there is some active trading taking place right now, green arrows across the board at this moment. Biggest gainer is the dax, which is up by 0. 4 . Everybody is up by 0. 2 or more. Look at treasury yields thi