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Trade but is the country ready for it. Im chris cuomo welcome to the Program Boeing c. E. O. Done as muslim berg admitted to a u. S. Senate committee that his company got things wrong in the development of the 737 max airliner to his days hearing came exactly one year after the crash of a 737 caused by a faulty Flight Assistance Program only weeks later a 2nd accident with the same type of aircraft likely caused by similar problems rather to vhs of the 346 People Killed watched mr berg admit that the company has quote made mistakes. On behalf of myself and the boeing company we are sorry deeply and truly sorry as a husband and father myself. Im heart broken by your loss. It was an emotional address delivered exactly a year after the crash of a 737 moxon indonesia that killed everyone on board in march of this y ....
Facebook shares are slipping. After federal regulators announcing it was punishing facebook with five billion dollar fine. Many are up in arms saying that is only a slap on the wrist. We have that and so more on making money. Robert mueller is in the hot seat right now. He has been there all day long, close right now to wrapping up this marathon testimony on his russia report. This before two house committees. Hillary vaughn will lead us off with a live report from capitol hill. Hillary . Reporter charles, democrats on the House Judiciary Committee are celebrating their hearing that wrapped up earlier this morning with special Counsel Robert Mueller because they think it convinced the American Public that maybe didnt read the report but saw the testimony that they need to proceed with impeachment. So ....
Joining us is josh brown. I think this is so important, we have this continued strength in the big indices and faang is not leading. This is the thing that everyone has always said. Its a very narrow market, only a handful of stocks. That is not whats get on this year yes, theres been huge performance in some of the faang names. A lot of that was recovery, but you have a broadened rally, something weve been looking for for a long time, and you have great rotation you still can get new highs out of the indices one thing i think is indicative of that, boeing down 2. 7 , give or take, thats the biggest weighting in the xli, almost 9 . Caterpillar, also a bad day. Thats either the third or the fourth biggest weight in the xli. Despite the xli, its doing great. You have other names picking up the slack. And that tells that theres strength everywhere. Thats really what a lot of people like myself have wanted to see. Of course in a price weighted index like the dow, they are dragging. Boeing ....
End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars ....
Of individual stocks im talking about these multiday up, extravaganzas hallelujah where investors cant buy enough in one session and they keep coming back day after day no matter how much the stock runs in the euro. Its becoming a defining thing in the market since the year began. Honestly, ive never seen anything like it, so i have to point it out exhibit a, the stock of United Health unh blew the door off the numbers. Newfound tax in technology and innovation things that have become the hallmarks. What happens first, the stock jumps up. Then the next day, another five, and today it adds another four points you might think thats just downright absurd how can buyers keep responding to the same news day after day after day. Doesnt everybody know everything already yes, in theory but thats now quite how it works anymore in practice. As a former block trader, meaning someone who used to buy large amounts of stock at once, i think were ....