and it's not the 1st time boeing's m. caste system has been blamed for a crash 6 months earlier a lion air plane crashed into the java sea minutes after takeoff from indonesia's capital jakarta. all 189 people on board died the aircraft in both crashes were boeing 737 max regulators around the world since grounded it. their lines often facelifts occasion off the air disasters manufacturers often try and blame the pilots and the airlines often try and blame the manufacturers for a technical fault following the european airlines crash the 2nd of 2 similar accidents lawyers representing the families of those on board say they have a strong precedented case against boeing boeing did wrong no man hussein's representing 12 families including asters there among many more who filed suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of t

since march of this year boeing 737 max has been grounded across the globe up for 2 fatal crashes of the narrow body aircraft in 2018 in 2019 now a whistleblower report has revealed that some federal aviation administration inspectors for the boeing 737 max planes were under qualified and actually misled lawmakers about that fact r t correspondent correspondent burned brunswick over the story. this latest federal investigation found that federal aviation administration inspectors weren't all qualified and that revealed the f.a.a. and boeing had a very cozy relationship now this all stems from a whistleblowers complaint about the qualifications of federal aviation administration inspectors who worked on training requirements for the boeing 737 max planes the f.a.a. is office of audit and evaluation found that only 16 of the 22 safety inspectors didn't even complete the formal training and 11 of those 16 that never finished didn't even have flight instructor certificates however back in april the f.a.a. told a senate panel that all of their inspectors for the boeing $737.00 max were qu

an insult to money to each country will decide for itself whether or not the boeing $737.00 max will return to its friendly skies airlines are still waiting on the f.a.a. to approve the plane and boeing says it hopes the 737 is back in service by the end of 2019 for watching the hawks i'm fair in front back. well. it's kind of interesting because boeing used to have months those in the aeronautics industry had this very proud of being having a safety culture where everything was around safety everything it was about making sure the engineers were at the top and making decisions and that has sort of gone down to the you know gone to the wayside. year after year they're either you know they're buying up big or you know other smaller companies are going and doing all of these deals and trying to maximize profits so one of the things that happened was that before the $737.00 max was ever even a development ploy so the f.a.a. had raised the alarm in 2012 that boeing had too much power and was a little too cozy with the f.a.a. and its decision making a lot of people even said that there we

and it's not the 1st time boeing's m. caste system has been blamed for a crash 6 months earlier a lie an airplane crashed into the jarvis minutes after takeoff from indonesia's capital jakarta. 189 people on board died. the aircraft crashes boeing 737 max regulators around the world since ground that it. is often face lifts a geisha and off the air disasters manufacturers often try and blame the pilots and the airlines often try and blame the manufacturers for a technical fault following the european airlines crash the 2nd of 2 similar accidents lawyers representing the families of those on board say they have a strong precedented case against boeing boeing did wrong no man hussein's representing 12 families including asters there among many more who filed suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of the warnings that w

who filed suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of the warnings that were occurring that it had and continued to market sell and deliver this dangerous product. boeing says it supporting investigations but doesn't comment on the lawsuit is the world's largest aircraft manufacturer and one of america's largest companies industry experts say it's likely to pay dearly for to survive for boeing of course being on the receiving end of legal action from the families is just part of a wider picture of a lot of legal action that is either being taken or set to be taken by the industry including by leasing companies who operate these and while this will be a very significant hit in the manufacture as lifetime. want to fly. investigations and court cases are expected to last months victims' families say they want to see boeing he

suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of the warnings that were occurring that it had and continued to market sell and deliver this dangerous product. boeing says it supporting investigations but doesn't comment on the lawsuit is the world's largest aircraft manufacturer and one of america's largest companies industry experts say it's likely to pay dearly but it will survive for boeing of course being on the receiving end of legal action from the families is just part of a wider picture of a lot of legal action that is either being taken or set to be taken by the industry including by leasing companies who operate these acts and while this will be a very significant hit in the aircraft manufacturers lifetime the aircraft will go on to fly investigations and court cases are expected to last months victims' fami

because they're very they're very frustrated with boeing angry with boeing because they are actually putting their own self sort of occasion process in jeopardy and the government is just too small and the industry is just too big for the oversight it requires rect that's correct while politicians love to rail against big government and candidate trump promised to cut 2 regulations for every new one is the airline industry in general under regulated. no i would say that the in general the aviation industry is one of the most regulated industries as well as should you're when you're flying people at 35000 feet in the air at 500 plus miles per hour to their destinations which is become commonplace but obviously when you start looking at that's what you're doing you need to be extremely regulate the you would not what you would not like corporations to start cutting corners to in safety and so that's why regulations are so important now you went out with the industry it was boeing this this this selzer vacation they has has put all of that question jamie you're one. of the few people i

plus, more pressure on boeing over the 737 max crashes as us safety regulators point out failings in its warning systems, procedures and pilot training and on the markets: asian shares slipping tothree—week lows as the release of a whistleblower complaint against president trump add to uncertainties about the global economy. we start in france, where president macron‘s government will present the budget for 2020 to parliament later. it will include more tax cuts for working people as the government re—focuses on boosting household incomes after the wave of yellow vest protests that swept the country. on thursday, france's economy minister bruno le maire announced that taxes will be cut by more than 10 billion euros next year to address what he called a social crisis. this, on top of cuts on a similar scale this year. the government claims 95% of households will be better off. the tax cuts come despite weak economic growth in france. official forecasts are for it to slow to 1.3% next year. the macron administration pledged to reform the economy and balance the books by slashing

and it's not the 1st time boeing's m. caste system has been blamed for a crash 6 months earlier a lion air plane crashed into the java sea minutes after takeoff from indonesia's capital jakarta all 189 people on board died the aircraft in both crashes were boeing 737 max regulators around the world since grounded it. airlines often facelifts a geisha and off the air disasters manufacturers often try and blame the pilots and the airlines often try and blame the manufacturers for a technical fault following the european airlines crash the 2nd of 2 similar accidents lawyers representing the families of those on board say they have a strong precedented case against boeing boeing did wrong no man hussein's representing 12 families including asters there among many more who filed suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of t

. >>> new revelations about the final moments before the deadly 737 max crashes, the ntsb saying boeing wasn't prepared for the chaos in the cockpit. >>> the tragic failure in a prominent children's hospital. the malfunction that destroyed potentially life-saving treatments for dozens of young patients. >>> and at "joker" firestorm what many movie theaters are banning after warning the screenings could be targeted for mass shootings >> announcer: this is "nbc nightly news" with lester holt. an anonymous whist detailing not only his ask for political help from ukraine's president, but also a white house effort to lock down records of that phone call today the acting director of national intelligence faced a barrage of questions on capitol hill over why he held up the complaint, and tonight an embattled president trump facing an impeachment inquiry is angrily denying and deflecting the allegations. we're covering all angles here we start with peter alexander. >> reporter: within minutes of its release, the whistle-blower complaint sparking clashes on capitol hill. >> our president sacrifi

and activist taking a shot on at&t traders take a second look boeing pausing stress test on its new 777 after an issue is discovered we begin with big bang breakout. s&p 500 ended in the red check out these moves from citi, bank of america, wells fargo and jpmorgan all in the green. few days ago rates were plunging birds and cats were living together now look have the banks turned a big corner >> i don't know about dogs and cats living together >> if you had to be a cat or a dog -- >> i think of myself as a dog. >> it's not a good question to answer on tv >> let's go to the markets i think what happened everything got ahead of itself. you go back to tuesday i think before memorial day we power pitched southeast banks. citi, you know what boring market, slow week, into a holiday, market will rally tl tee gott ahead of itself. when citi discount at that discount tangible book it's been a buy. that's what's happening. i don't think again the landscape has gotten better for the markets. the trading landscape in the short term has does citi have more room yeah we'll undershot to 61. the head

suit against boeing in the u.s. in the 20 years i've been working on airline litigation cases i've never seen a case like this and in this particular case it's clear that boeing put profit over safety and decided to ignore all of the red flags all of the warnings that were occurring that it had and continue to market sell and deliver this dangerous product. boeing says it supporting investigations but doesn't comment on the lawsuit is the world's largest aircraft manufacturer and one of america's largest companies industry experts say it's likely to pay dearly for to survive for boeing of course being on the receiving end of legal action from the families is just part of a wider picture of a lot of legal action that is either being taken or set to be taken by the industry including by leasing companies who operate these and while this will be a very significant hit in the x. factor as life time. to fly investigations and court cases are expected to last months victims' families say they want to see boeing held to ac

. >>> boeing's new concern. the airplane maker responding to a new report of cracking in a critical part in a small number of their 737 ngs. >> they're happening in a way that engineers never anticipated it would happen. >> what travellers need to know this morning. >>> road rage, the rush hour rumble. one driver armed with a baseball bat. commuters clashing, throwing punches in front of shocked drivers. >>> and "game day" honor, actress and husker's fan gabrielle union's touching move. >> there's a story behind the jersey you're wearing today. >> why her wardrobe choice is scoring points with football fans. er wardrobe choice is scoring points with football fans. >>> good sunday morning, everyb >>> good sunday morning, everybody. great to have you with us. we want to get straight to the new developments in the whistle-blower investigation that could threaten the trump presidency including new poll numbers showing how this story is playing with the american people. >> a new abc news poll asking whether trump's e

shery: we have breaking comment from the boeing ceo. he spoke to bloomberg, saying boeing is creating a new product and services safety organization, focused on sharpening the focus on products and services safety. they're also establishing a design requirements program to implement recommendations from the board's safety review. let's bring in brooke settlement to talk about the changes that boeing is implementing at the moment. the stock is falling 1.5%. how will these changes be taken by those observers and the markets? brooke: i think it is the right thing to do, not unexpected given the recommendations you saw from that board committee that was created to review their oversight and organization in the wake of those two fatal crashes. what those accidents have taught us is perhaps engineering was not as much at the forefront of culture as it used to be, and should be. this reinforces that focus. this committee will have a direct line to the board aerospace safety committee, who is in charge of their practices. they report up to the

to emergency when flying the boeing 737 max. boeing tested pilots by giving them a single alert that the plane's anti-stall system was malfunctioning and pushing the nose of the plane down. the company assumed pilots would is simply flip a couple of switches and regain control of the aircraft. but in the two fatal crashes, the pilots had several alerts going off at the same time, and they definitely did not respond the way boeing assumed they would. >> they had multiple alerts in the cockpit. and, obviously, the more alerts that you might get as a pilot, the more likely it is that you might handle something incorrectly. so we felt like the assumptions did not account for multiple alerts. >> reporter: so today the ntsb issued a number of recommendations to the faa to consider before allowing the 737 max back in the air. two main points, better understand how pilots react to emergencies -- especially when there are multiple alerts -- and come up with a tool that prioritizes those alerts to cut down on confusion in the cockpit. now

he has blasted boeing sand said just rename the plane. nobody will want the fly it when it's recertified do you talk with the president about the max and what's his take based on your conversations with him >> i think that i'm qualified on the 737 as well as a number of other aircraft i'm anxious to get out to seattle later this week and look into this myself and see where we are with the certification process and i can guarantee you that the airport will not be flying again until i'm satisfied that it is the safest thing out there. >> tyler mathison. i know you're new to the job and maybe this is a little unfair but i wonder if you have identified any flaws in the process of certifying that 737 max either at the faa's level or within boeing's processes that may have contributed to crashes that took place? have you put your finger on anything that you think needs changing >> first of all, it's a great question and with respect to the crashes first, first of all my heart and my prayers go out to the families these accidents should not have

shery: brendan case, thank you for the latest on boeing. coming up, my conversation with estonia on howf estonia on how brexit is helping other countries see the value in the european union. this is bloomberg. ♪ opean union. this is bloomberg. ♪ amanda: this is "bloomberg markets." i'm amanda lang in toronto. shery: i'm shery ahn in new york. estonian president kirsty calamtiy jane became the first resident -- female president of her country when two took office in 2016. i recently sat down with her at the u.n. general assembly and asked why the political empowerment of women has been difficult, and how her country views the latest exit woes. interestingly, if you look beyond the brexit debate, which we tend to do, because brexit is not essential issue, or european union even. we understand for u.k. people, it is these days, a very important task, but we look also how people voted, turned out the vote in the european parliament elections. the numbers were very high. -- support for the eu is in considerably higher than it used to be for

now on bbc news, live to singapore for asia business report. 737 max review considered boeing told it needs to pay more attention told it needs to pay more attention to how pilots react to emergencies. and childfree zones. how a newjapan airlines see map helps passengers avoid screaming babies. —— seat map. hello and welcome to this friday edition of asia business report. we start with boeing because the world ‘s biggest plane maker has been told by us transport chiefs it should be more responsive to how pilots react to emergencies in its safety assessment of the 737 max jet. comments, is boeing ‘s bestselling aircraft remains grounded after two fatal crashes that killed 346 people. we have more from new york. the message here for boeing is that it needs to pay more attention to how pilots react in emergency situations. the national transportation safety board board said crews in both crashes did not react in the way the company assumed they would. and towing did not look at all potential flight deck alerts that pilots might face in a system failure. all 737 maxxis have been g

is, boeing inn the smithsonian focus on stem education programs for girls. the question was whether there were programs like that for you. no. eroprograms. however, i had great teachers. my math teacher, who was also the basketball coach, salome doing my homework and clasp while he was teaching that chapter. he looked at that, and i will never know whether it made him thought, i need to give this girl more work. he would go over five chapters. homework is, your to find the problems with chapter eight. ahead, doingetting it on the school bus, but i had all this other work. i had teachers like that. my biology teacher let me and my dissect an armadillo instead of a cat or a dog. it had seven perfectly formed babies when we dissected it. we were in the laboratory crying. teachers and our parents, my dad gave me a chemistry set. i believe the concrete on our patio. my mom and dad did not first. they said, how did you do that? between -- between wonderful parents and great teachers, we didn't have a special program. i think all three of us might have been lucky i

up next, more bad news for boeing, we will tell you what sent the stock into major headwinds today. >>> later protests turning violent in hong kong we're live there times squarine new york city. much more "fast money" right after this by the strolle♪s [ growl ] good boy. hey. hey. you must be steven's phone. know who's on your network and control who shouldn't be with xfinity xfi. simple. easy. awesome. >>> welcome back to "fast money. more bad news for boeing, the stock under pressure today on a report that the 737 max might not return to service until 2020 phil lebeau is in niagara falls with the details >> reporter: this report by the "wall street journal" highlights something that's been simmering under the surface when it comes to the 737 max, will regulators around the world, whether it's the faa, the europeans, china, canada, brazil, will they all be on the same page when it comes to recertifying the 737 max. this is what boeing's expectation is, sometime this month or early next month it will apply for recertification it's boeing's expectation that shortly after that the pla

so we advised boeing and boeing said, you guys know how to do this you do it. you decide we'll provide the money. >> ken, you've done this so many times it still comes down to the grim reality of trying to figure out how you value a life what do you do to someone who had a family with a lot of kids? what do you do to someone who maybe was young and had a mother or father that they may have been supporting? how do you figure that out how do you determine it? >> the same way courts and jurors and lawyers and judges do every day in this country, usually it is based on financial need and how much you would have earned in a work life but for the accident here, simple 50 million, 346 victims equals about $144,500 whether you were a lawyer in rwanda or a worker or whatever. >> how do you figure out -- how do you figure out who to pay if it's not clear-cut, if it wasn't someone who was married, had a spouse, had children, something along those lines? >> a challenge. >> it's a real challenge in a country, let's just take morocco. well, what is the local estate law in mo

boeing dragging about 65 points. goldman sachs 35 and home depot and united health dropping by maybe 25 points a piece. so from a kind of fast back in the envelope math stand point the four stocks represent half of the losses in the dow jones industrial average right now there are two market winners, procter & gamble and pfizer. seven to eight stocks collectively adding 20 points. four stocks taking 150 points off. eight stocks adding 20 points. decidedly down day like wilfred said, we are down 425 at the lows. we are down 300 now. see if that sticks to the closing bell. >> thank you very much let's get to seema for industrials trading today. >> stocks in the industrial sector hitting new intraday lows after the ism data showed the u.s. manufacturing sector contracted the first time in three years and it adds to the concerns about the health of the u.s. economy which so far has been a source of strength for a lot of these construction related names. while september is historically a back month for the stocks, the con

that's another layer to the boeing story. it has been remarkably range bound. >> based upon all the news that we go through every day. there is something almost every day coming out about boeing and effects it has had on different airlines. american airlines has struggled. you're exactly right. i look at the stock and i see it down. it's just something that's just another day for boeing. it's amazing because you think some of the news would hit the stock a lot harder than it has. i was expecting the stock to get under 300 again. it never happened. it's resiliency has been really impressive. >> the gap from where it sold off in march is 400 and pushing towards 400 which is rarbemarka. the house testimony to me will be interesting. that might be the ultimate buying experience. i think it comes back to when the max goes back into service, how quickly can they get deliveries up to 50 per month? in the u.s. that's the first place to get approval. the next question is how quick do they come around? slower than the u.s. >> especiall

the new boeing 737 max jet crashed off the coast of indonesia. boeing with with $1.1 million each. more than 50 lawsuits were filed against boeing related to the lion air crash. boeing also faces dozens of other lawsuits relating to the ethiopian airlines crash back in march. >>> today is a ceremonial groundbreaking for renovations of the oakland museum of california. the museum is celebrating its 50th anniversary this year and it is launching $20 million in campus and garden renovations. the museum is located on oak street. construction screws will provide a much better link. there is a look at the plan. no firm date on when renovations will be complete. they are dependent on future fund-raising. >> i can't wait to see it. >> gorgeous spectacular. >>> still ahead, a professor at uc davis robbed at gunpoint on the campus. still ahead the priceless materials stolen by the gunman. >>> and the deal that may keep thousands of kaiser workers from striking next month. >>> good morning. we do have traffic that is off to a nice start here on interstate 880 in oakland. we'll tell you more a

he died that day saving others. >>> still ahead, the boeing investigation. key safeguards were reportedly left out of a flight control system implicated in two deadly crashes. crashes. if you have postmenopausal osteoporosis and a high risk for fracture now might not be the best time to ask yourself are my bones strong? life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it or take xgeva® serious allergic reactions, like low blood pressure trouble breathing; throat tightness; face, lip, or tongue swelling rash; itching; or hives have happened. tell your doctor about dental problems as severe jaw bone problems may happen or new or unusual pain in your hip groin, or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping prolia® as spine and other bone fractures have occurred

indonesian investigators have released initial results into their crash investigation of a boeing 737 max operated by lion air last october the report blames design flaws and manufacture oversight for the crash backing up other investigations which have raised similar safety concerns about the boeing model. a steep drop in german manufacturing is dragging down the eurozone economy in september the purchasing managers' index dropped to a 6 year low suggesting the eurozone economy is stalling and close to recession news that the euro down 4 tenths of a percent against the dollar on monday. a group of insurers and investment funds including germany's promise to go green by the year 2050 the companies say they will no longer finance corporate projects that negatively affect the climate including fossil fuel ventures c.e.o. of a beta told the u.n. climate summit in new york that the fight against climate change is the most important task of our time. for it is recalling 100000 cars in germany due to the possibility of leaking battery acid which is a fire hazard subject to the recall our ga

of subsidizing the plane makers biggest rival boeing. and let's bring in our financial correspondent in new york jose luis to haro was is there was a could this open a new trade dispute between the u.s. and the e.u. . it seems to be decays id's point especially stephen even determined to ministration goes ahead with its strategy as has been reported of trying to implement what it's known as i approach what these they mean basically is a response designed to increase the negative impact of those targets against the european union under these kind of retaliation by country the united states regularly shift around to tell you that the goods of those. the same time increases uncertainty and pain over the receiving it won in this case europe by rotating around instead of choosing a detail at least all products could try to heat up broader range of industries but as i said this is not a done deal yet according to u.s. media and ministration. to impose duties on a range of european luxury items as you said and european aircraft and parts and of

the test involved a bending the wings of the boeing 7, 7, 7, plane while it was parked, boeing said the wings were bent to a level far beyond anything expected in commercial service but during the test part of the fuselage the pressurized boeing also faces more serious problems with the 7.37 max, which has 4500 unfilled orders about 400 of the already deliver jets have been grounded since mid-march after 2 fatal crashes that killed 346 people. >>after being closed for years a fire station in lafayette is back open with a very different look the new station is on loss arab astride nerve, upper happy valley road. it was closed for years because of budget cuts it is no longer a portable building like it used to be it's been completely a reconstructed fire officials say they'll be able to respond to calls faster now that they are right back in the neighborhood. very high risk for us it's in the high fire hazard severity zone designated by cal fire. there's a the large urban interface issue there for us in the summertime has the potential to lose many homes and a wild land fire. and so for u

as you can see, boeing have already taken a $5 million charge. paul: how has that affected the leasing market? >> the thing is, airplanes are generally manufactured or released well -- or least well ahead of manufacture date. airbus cannot build these airplanes overnight. airbus has plenty of their own trouble building the a320 neo themselves. they don't have the capacity to take any boeing customers at the moment to the extent that they were willing to replace airbus aircraft. what is happening is the customers are struggling with having to pay for airplanes that are grounded because they have to pay for the ownership costs. they could be significant. you're talking about $5 million year in overshift costs. .ilots is sitting on the ground they have to get paid. you have to pay for the spare parts you bought for the aircraft. storage costs. you also have to pay for the fact that you have to hire someone else to carrier passengers that you thought you would carry on the macs. have to get someone else to do it for you. what are your plans portfolio

. >> we got some breaking news on boeing at well to phil lebeau in chicago. good morning, phil. >> good morning, carl. five months ago, the boeing board of directors as the 737 max situation was unfolding, they said, we'll have a committee formed on the board of directors to analyze our safety practices. well, they have now decided they will have a permanent safety committee on the board of directors, and not only that, but in the future, when directors are chosen, safety and experience in safety related matters will be one of the criteria for choosing directors in the future. that was one of the criticisms the company also out this morning with a whole list of suggestions from the safety committee that may be implemented. we won't run down all of them. there is an article up on cnbc.com, outlining those. don't forget, we're coming up to that critical point of the year, the fourth quarter, when dennis says the max will be recertified and flying again we'll see. we're almost here and this is the time when we'll see if it actually does get certified and is back

boeing's forecast looks like nothing more than boeing pressure on the administration to relent or at least mitigate its tariffs against china. surely not. a reminder. listen to my reports three times a day coast to coast on the salem radio network. the "new york times" reporters behind the latest smear effort on justice is brett kavanaugh. they are now blaming the "new york times" editors. >> during the editing process there was an oversight and this key detail about the fact that woman herself told friends she doesn't remember it and has not wanted to talk about it got cut. i think the way it happened was the editors being concerned about naming her. the "times" has a tradition of not naming the victims answer you have to deliberate whether to do that. lou: that is an extraordinary exhibition. the reporters received quote too much is being made about the botched kavanaugh element of the story. meanwhile cbs's jan crawford tweeted what she calls the real bombshell. saying ford ford's friend' from high school said she thinks' ford's story is unbelievable. president trump touting his e

so looking forward, what's the next step for boeing? they have to resubmit briefing documents describing proposed software changes according to the journal. faa officials then have to vet the changes and that's why we could be looking at after christmas for when the plane is back in the air and maria, that's bad for boeing's stock for two reasons. one, for quarter 4 earnings it's not good and already the holiday travel season is a super busy time of year, so this pushes it back farther and could make travel even more difficult, especially for the airlines coordinating the lodge is. maria: grady, that's certainly moving the stock as well, down 1 and-a-half percent on boeing shares. grady, thank you. we'll be watching. coming up, trade tensions, new u.s. tariffs are now in effect, charging a 15% tax on billions of dollars worth of chinese imports coming into the country. china's response, after this. and then apple watch sleep update, how its new feature will help track your z's. stay with us. we'll explain. devices are like doorways that

. >>> coming up, another safety issue for a fleet of boeing planes after several cracks are found in some jets. >>> also ahead, four inmates on the loose after overpowering guards. new details about how they escaped as we learn overnight why they were in jail in the first place. >>> and breaking overnight, a raging fire destroys several homes along the carolina coast. that dramatic video coming in next. . >>> a massive fire on the north carolina coast is under control this morning. a drone captured images of six burning homes in surf city. crews from three fire departments battled the flames. no injuries have been reported. the cause of the fire has not been determined. >>> breaking overnight three of the four inmates who escaped an ohio jail were captured. they were being held for drug trafficking, robbery and assault. they overpowered two female correction ago officers with a homemade shank. police say christopher clemente was spotted later at the westmoreland mall near pittsburgh. the mall was shut down and searched. >> our detectives have established that the inmates had the assi

the recommendations reportedly include changes to boeing's organizational structure. the creation of new groups focused on safety and possible changes to the way future cockpits are designed. the committee is expected to deliver its findings to the full board this week. >>> the curtain has closed on moviepass. the movie ticket subscription service shut down on saturday. it underwent several changes to its pricing structure and business model but kept hemorrhaging money. the parent company of moviepass said its efforts to seek financing have not been successful. moviepass says it will provide subscribers with refunds for the period of service they already paid for. >>> "hustlers," the jennifer lopez movie, topped expectations at the weekend box office. >> game is rigged, and it does not regard people who play by the rules. >> reviews and oscar talk for lopez propelled the movie to second place at north american theaters. it wasn't enough to strip penny-wise the clown from the top spot. "it: chapter two" finished first taking in more than $40 million. "hustlers" earned

let's start off with boeing because families who lost relatives in the two fatal 737 max air crashes can now submit requests max air crashes can now submit req u ests to max air crashes can now submit requests to receive just under $145,000 each from the company. my colleague has the latest on this development. the fund was announced injuly, but some families aren't not happy about it. lawyers for some families have initially responded to the office saying that it was insufficient, but the world's biggest claim maker has set aside $50 million for direct payments to families of the 347 people who died in the indonesia and ethiopia flights. remember they occurred within five months of each other, raising concerns about the safety of the aircraft, and it led to a global grounding of the aircraft ‘s since march. it has been a huge blow to the compa ny‘s reputation march. it has been a huge blow to the company's reputation as well as its bottom line, and the fund has started accepting claims as rico mentioned, which must be submitted before 2020, so families are not given a lot of tim

before it can deem the boeing seven three seven max fit to fly in eururopean skies. sign changes must be approved by the asa and not delegated to us regulator the faa as would usually be the case. an additional a broader review must first be conducted by the european body the two fatal crashes must be deemed sufficiently on the stage and cruise adequately trarained in changes to ththe plane. it marks a major break away from the international norm under which aviation regulators except one another's reviews. it's prompted industry concern over the implications of regulatory approval being staggered in this way. with the seven thirty seven max we are a bit worried because we don't see the normal unanimity among international regulators. we see a discrepancy that's detrimental to the industry. the tough stance except to scupper boeing's hopes of having the seven three seven max back in action later t this year. which aspects were already describing is unlikely. the company's ceo is set to speak to investors next week will be keen for any hint of a more realistic time fr

boeing agreed to pay 11 families of victims in streamlin the lio, $1.2 million each. there are nearly 100 lawsuits that have been filed. the company has a victim fund set up of $50 million and it will compensate the airlines that bought the max planes and can't fly them $5 billion. in the second quarter alone of this year, the company lost a record $2.9 billion. boeing is still optimistic that it can get the planes recertified and flying again early in the fourth quarter which is just a couple of weeks away. cheryl, lauren. lauren: dan, thank you very much. remember that british oil tanker seize's by iran, it's now on the move. cheryl: tracee carrasco has the details on this. good morning, tracee. tracee: good morning. iranian authorities confirm the vessel left the port where it's been held for months. it is now heading towards dubai. iran's captured the ship in july for failing to observe international maritime law. it came two weeks after the british navy seized an iranian tanker. general motors and the uaw reportedly are closing in on a deal. negotiations are said

boeing stock is rising on the session. returnstill targeting of service for its max, and sees a phased un-grounding around the world. dennis muilenburg says he sees the crisis as "a defining moment and notes that they still face open questions with the faa. max upgrades are being tested in labs, and he doesn't see independent reviews slowing become back of the max. once again, boeing still targeting the early fourth quarter returned to service for the max. it has flown more than 600 flights with updated software. stock is really taking a leg higher now, up 2.7%. checking u.s. markets broadly, we are shaving off some gains, but still higher on the session, with the dow and the s&p up 0.3% , and the nasdaq up 0.6%. gains, too, in europe. 0.7%,x in germany is up the cac 40 up 0.4%, and the ftse 100 powering up. the european close is next. this is bloomberg. ♪ vonnie: stocks finishing up the day in european trading. it was probably an update. quite positive for most of the major markets, including germany, britain, and franc

the national transportation safety board has said the crews in both fatal boeing crashes didn't react in the ways the company and the federal aviation administration assumed they would, and that boeing didn't look at all potential flight deck alerts the pilots might face in a system failure such as this. all 737 maxs have been grounded since an ethiopian airlines plane crashed shortly after take—off in march, killing 157 people. it followed a lion air crash of another 737 max which killed 189 people last year. in both accidents, investigators have focused on the role played by a software system, which was designed to make the aircraft easier to fly. the planes will remain grounded until aviation authorities around the world deem them to be safe to fly. joining us is justin urquhart—stewart, director of seven investment management. hello. how are you? absolutely chipper, thank you. lets talk trade, china's trade shenanigans go on decades through many presidents but do we have white smoke, do we have a new date and hope that maybe they thought might come good at some point, may be n

. >>> the boeing 737 max is still grounded. now thess a eligible for money from a fund set up by boeing. they can claim more than $100,000 from a $50 million pot. they have already filed lawsuits saying it was defective. the boeing ceo insists that there are more factors involved. >> a woman assaulted on the campus by brock turner is releasing her memoir tomorrow. we simply knew her as identity doe. now she's decided to reveal her identity and take control of her life and her own narrative. she said her book titled know my name gives reader the full picture of who she really is. the assault on her ignited an assault movement on campus and led to the recall of the judge who oversaw her case. >> the cable cars are back but so are the long lines. the city shut down service for almost two weeks so they could repair the gear boxes. it was part of an upgrade that started in 2017. we're back in a moment with kevin durant coming back to the bay area. maybe. >>> okay. it's been a while, a longiners 1998. >> just a few years ago. >> my c

, caterpillar, boeing technologies, all moved lower, but not too much another predictable group na moves on these, semiconductors otherwise, they're up -- nancy pelosi's drug pricing proposal would be on the senate finally, big volume several names. reductions in share count and the buy bacaktivity. bank of america, goldman sachs, while reducing their share count in the s&p 500 back to you. >> we turn to the fed as well. big interview is sarah today with richard his first appearance his wednesday's rate cut she joins us frhighlights hi, carl, clearly that growing division inside the federal reserve is front and center especially with two of the d dissent eers out, starting with the vice chairman about why it's happen he reiterated it's healthy and center of gravity was supportive of a cut. when i asked about future rate cuts and whether we could expect any, he was a little less clear. so i asked if it depended on what happens between trade on the u.s. and china here's what he said. le me talk more broadly. the ecd marked down its global outlook. obviously, the u.s. china relationship is

interesting, boeing shares up like 40 bucks in the last two weeks. sort of came back up below the lower end of the range, still does trade in the range. even as it gets deferred in terms of the comeback. i think the effect on the macro manufacturing numbers has been significant too. you look at gdp, if they slow down production, it actually -- it moves the needle even though it doesn't say much about anything beyond boeing i think it fits into the general overhang macro slowdown story, even if it is not something that has many legs beyond. >> if you have a grounding of any kind of airliner from an economic standpoint this would probably not be the time i heard anything from a quarter point gdp to maybe .4 it is significant, right >> it is it gives you an asterisk if you want to evaluate how the underlying economy is doing and feeds into the consumer and industrial split we have been looking at for weeks now. >> would not expect it would be outperforming the s&p over the last year to your point earlier about the s&p being flat. >> such a huge cushion.