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And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then we had these concerns with the cdc has con pirmed the first case of the coronavirus in the United States and there you see, theres boeing move to the downside and the s p 500 also losing some altitude late in the day on that as well. You can see the move to the downside overall here. If you just take a look at the sectors here, a lot of this was china related earlier in the day. So china stocks have been weaker metals and mine iing. Banks weaker as banks move to the downside th they, too, have now turned negative take a look at the ones that hit the most air liblines across the board having a tough today united, delta here in the United States luxury goods, remember the chinese new year, a lot of money being spent. So some goods like lvmh, gucci, all down finally want to make a note about downgrades today the markets very pricey now were at the highend. Some people came out downgraded stocks Morgan Stanley downgraded citigroup. Just the prices are high bank of america also here to the downsi downside, downgraded over atlantic also on valuations, so keep high on these high valuations weve got a couple of ipo announcements today. Important thing is start iing to heat up this market for ipos historic high on that one. A big one here with reynolds consumer announces terms today tinfoil. A big one. President trump in davos today declaring were in the midst of a blue collar boom in the u. S. Today im proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before. Weve regained our stride. We discovered our spirit and reawakened the powerful machinery of American Enterprise and the president is not alone. Top ceos echoing the president s confidence about the health of the economy and the consumer the backbone of this recovery has been the consumer and when you lock at what matters to the consumer, its jobs, employment. Strong, 30year strong backdrop to that in housing. Two most important things to a consumer if the u. S. Consumer is in good shape, that usually bodes well for the rest of the u. S. Economy because of that sheer volume we see about 3 trillion a year going through our customers account and see that rise about 5 year over year. Despite all this enthusiasm, the imf says growth around the world will remain sluggish and they are cutting their growth forecast for 2020. Lets bring in our guest host today, the profit, marcus. The ceo of camping world and investor in lot ts of businesses, small and large. Welcome. Good to see you. Its been too long it has been a while i have to admit that i think trump is right about the blue collar consumer. I think they are showing up and in a dirnt wfferent way. If you look at truck and boat sales, theyre showinging up and spending money i dont know if it speaks to the Overall Health of the economy. Why do they feel confident enough to come to one of your stores and plunk down or lease one of your big r, vs or o not so big it isnt just the rvs being sold you look at truck sales in america. We had good auto sales in 2019. Starting off 20 pretty wechl i think the American Consumer convinced because theyre also being told the economy is good so i dont know that they necessarily that blue collar consumer necessarily has the same indexes that all of us hs. E their 401 k looks different theyre dabbling in the stock market not as much they dont have the same assessment of whether their house is more or less. But blue collar wage growth has been better. It has picked up after languishing for years and in fact, blue collar wage growth is outpacing white collar wage growth right now except you see this divergence where manufacturing blue kocollr jobs are even though theres half a Million Manufacturing jobs open, that it is lagging blue collar wage growth overall. Why . Why arent we seeing more movement i worry about the man f manufacturing and that separation and the pay in the area because that tells us a lot about where the economy going so if youre a fortune 500 or fortune 1000 company today and youre planning out your Capital Expenditures for the next couple of years, machinery, equipment, things of that nature, if that isnt a very robust part of our economy, i wonder what the canary is telling us about the coal mine. What about the debt levels . Well, i dont know what that is. Well find out what about the debt levels youre seeing . Are they manageable . Do they have too much debt and what about businesses as you look at their debt levels . So theres two specific issues one on the personal side, i get the chance to see a lot of credit profiles from blue collar consumers all over america and were see iing them have less Credit Card Debt than they had a couple of years ago. Their fico scores are up and their credit is, amount of debt they have out there is down. So that has actually surprised me in terms of business debt, its a little tough because youre talking about big business debt right has bonds and a number of other Big Adventures some are going to mature on the Small Business side, its hard to get match up zbh we cover markets every day here and we look at how the stock market is doing as an indication of how our overall economy is doing do you think that thats fair . Is it a good indication of where were going . Are the markets right that weve got more room to run well i think we have more room to run, but qulon that most americans look at the stock market as the Tipping Point for them i dont know the thats the barometer. If you visit a small rural town in america which well cover in a little bit, i dont know if theyre paying attention to the stock market theyre looking at what are the Jobs Available in their community. I think theydoing theyre doin okay last year was a tough year this year looks like a lot rosier of a year we are going to come back and talk more about this, the stock market and as you know when youre here, at the a adult table. You can ask questions, whatever you want to do i feel like theres something coming no, no, no. I know you. Just want to make sure you know we expect you to play ball at every turn the cdc now confirming one case of the coronavirus in the United States and the dow taking a hit intraday on that news. Meg joins us now with more on this developing story. This is fascinating. Developing very quickly as of this morning, we were just hearing about mounting case numbers in china and other nearby countries more than 300 there and six confirmed deaths so far. What we know is this is a coronavirus similar to sars or mers the middle east respiratory system virus which was more recent, however, people are still learning about what this looks like and so far, six people dead more thamong more t infected not as high a mortality rate there are some 3 billion trips planned in china right now because of the Lunar New Year which lands late friday. When we look at how china is handling this, what are you seeing what we are hearing is that wuhan city, which is where this is thought to have originated, is thought to control the movement of people into and out of the city. That can be difficult and we know its already in other places now and one of the newest developments is that it appears that this does spread between humans and what people are trying to figure out is how easily does it spread from person to person what we saw with sahrs is that it spread more easily than mers. Mers was more deadly about a third of the people who got it, died sars, few eer than 10 died so people are very interested to learn just how interested this and they are still figuring it out. Here in the United States, we have entry screening on three airports san francisco, los angeles, here in new york at jfk, however the confirmed case were seeing reports of is in Washington State it appears so did not come through one of those airports where we are doing screenings so expect to do more today tomorrow, the w. H. O. Is convening to determine whether or not this is an international concern. And it would just be the fifth if declared such a thing f has anything changed with the government allowing people in and out of china have they embargoed people so far, we dont know what we are hearing is that people think the response was not fast enough because it was thought this just was related to anim animals, that people in the market, the seafood and animal market were getting infected and that it didnt necessarily spread between people. So everybodys kind of say iing the horses are out of the barn tla theyre playing catch up. We havent heard if theyre being restrained thank you very much bring you more. Coming up, more on boeing shares tumbling on new reports regarding the 737 max and were monitoring stocks as we trade at session lows dow down about 180 points now. Plus, earnings one of the potential threats to this rally netflix reports after the bell its First Quarter with disney plus as a competitor well tell you wt hato watch for. Stay with us here on power lunch. And shes on her way to our house. What. I thought she was coming next weekend. I got it. Alexa. Start the coffee. Set the temperature to 72. Start roomba. We got this. Dont look. What . Dont look. Lets move. Mom. The lexus es, eagerly prepared for the unexpected. Lease the 2020 es 350 for 389 a month for 36 months. Experience amazing at your lexus dealer. Welcome back as you just saw at the bottom of your screen a moment ago, boeing shares are halted after falling more than 5 on a new report that that 737 max may not get faa approval null june or july cnbc. Comair line reporter Leslie Josephs joins us now to discuss. What is the nature of the where did it come from how confident are we this delay is fact . Well, weve heard from sources, good sources, that boeing now expects the faa to sign off on these planes in june or july and i think youll remember the airlines that fly the max in the United States have all pulled the planes already until june this could mean a further delay for them because they dont just take the planes out of storage and start fly iing them the nex day. They have to check them for, do safety checks. Theyre going to have to train their pilots a pretty lengthy process could take 30 to 45 days this has been a rolling deadline i mean, in other words, were going to have them by the end of the year no, january. March. No, deeper in the year why cant they get it together. Well boeing, really. Not blaming the faa. I dont think boeing wants to put a firm date on this. Dennis muhlenberger lost his job last month now were in the middle of january and that didnt happen so boeing is give iing a a roug idea to its Airline Customers and others saying just fyi, this is what were expecting at this point and theyre probably better off surprising to the upside at this point than coming out and pushing the deadline back for another several months. I have a question whos playing the financial lease payment or b obligation payment on all these planes that have been grounded whos making that payment . Well, boeing, this is the issue with boeing and its a cash issue, theyre not getting paid generally, they get paid on delivery theyll pay a small amount, not the majority of the cost before. Those are for the ones being built. Now out of service. Right theyre in circulation. On my balance sheet. I have the financial obligation to pay for whatever the usage is whos toting the note during that period of time from the time they were shut down to the time theyre opened up again does anybody know . Thats why boeing needs to pay the airlines so theyre paying them back for lost revenue these planes are going to be out of service for more than a year now. Since the grounding. And thats why boeing in july of 2019 took this 5. 6 billion pretax charge that were expect ing, what were hearing from wall street analysts are they also in the process of raising 10 billion. Yes, we broke a story yesterday say iing that theyre going to bank on wall street with pretty hefty commitment so far for 10 billion in additional cash so american, united, et cetera, theyre all having the financing obligations of those planes being paid by boeing. Is that a fact no, boeing has reached a few agreements with the airlines with southwest and with american the terms of those they didnt disclose, they gave a few details about what theyre sharing with employees and thats only for 2019 so boeing has this sort of running tab open with all these airlines which is why investors are so keen about hearing on timing they want a better sense of how much this is going to cost boeing and some analysts, i heard an estimate as high as 20 billion. What ive heard is that they have been, is that boeing has been working to reimburse the airlines, but basically about operational losses in other words, revenues that the companies cant bring in because the planes cant fly but your question is about whos paying the lease payments on the planes or cost in capital thats tied up in not performing. From my per spspective, if we bk it down just a car, i would have a lep le monolaw i dont think thats happening in this case no. And theyre going to have to, theyre going to have a very big bill oh, yeah. The tab is still open leslie, thank you for that story. That move lower in boeing along with concerns of the coronavirus spreading, weighing on the market the dow down near session lows how worried should investors be and is this market looking for any excuse to sell off lets bring in jeff mills brian, chief investment strategist. Its great to see you guys first of all, these are the unknown unknowns that weve been talk iing about from the beginng of the year. What you cant plan for. Jeff, how concerned are you . The fact of the matter is you can point to any number of measures that might make investors feel the market is primed for a pullback. I think some 87 of stocks are above their 200 Day Moving Average so you can point to those numbers, but i was with clients this morning and the fact is the next correction is always right around the corner if you look back over the last 40 years, the average correction somewhere around 12 weve only finished negative on the year seven times, so i think for most investors, for our clients, for most people watching this show, you vnt be trading for the next 10 to 15 correction in the midst of what we believe is a bull u market. If you think about sentiment also just quickly, people are trying to make an analogy between now and the beginning of 2018 whee saw the big run off a sell off i dont think the euphoria is the same 60 of those stocks were two standard deviations above their 200 day. Thats below 20 today credits still stable. I dont think were in the same environment. Sure, the market could wobble a little bit, but what were seeing now with this boeing news and the virus in china, its not as primed as many people might think because were only down about 20 basis points. Brian, it seems like the headlines drive a lot of action right away we talk about that fear of missing out. How much of that comes into play here and how much of what were sighing today is fear of taking it on the chin. Well i think again jeff was betting on in terms of whats happening on a technical perspecti perspective. From an investor perspective, you should buy and sell stocks on fundamentals. The stock market hasnt changed the last few hours we believe stocks are going to be higher a year from now than they are today yes, again, stocks are rarely linear for long. Gravity will win at some point but if youre try iing to time h market and buy our sell today, thats not the right way to invest now, again, from a fundamental perspective, i think most inv investors are missing a couple of points. Number one, earnings have troughed were going to be seeing a recovery in the first two to three Quarters Number two, from an allocation standpoint, Portfolio Managers massively underperformeded, including a couple cnbc has been talking about, mr. Dahlia and tutor and the last five years and now were starting to see people pile into the market because theyve underperformed again, thats not fundamental, thats more human nature do wepg thats a near term problem . Yes. Do we think the bull market has ten more years to go, yes, we o do jeff, if you dont mind, i want to get a clarification on something you said did you say you dont recommend people trade right now did i hear that . Yeah, correct thats exactly right look for most of our clients who have to think about taxes, number one, and if youre talking about a 10, 15 drawdown to get in and out at the right time, i think if you think the markets going to be higher 12 months from now like i do, it probably doesnt make sense to be trading this market. I also heard brian say he thought the earnings had troughed is that right . It is where did you get that from get that from number one, is secular trend. Last ten years, that companies in america have underpromised and overdlied. If you take a look at revisions heading into earnings revisions on the next year out number, they bought them and are beginning to recover number two, the economy is in very good shape and we think thats going to continue to drive things and oh, by the way, too, once we get this phase two deal done, usmcas done, i think were going to see the semblance of some sort of cap ex for the time in 20 years and that will he lev tate earnings. So since weve got a real World Business person here, your companys stock had troughed and has come back nicely over the past three, four months. It has. How about your business what is the earnings arc look like there you know me that im not going to talk about that, but what i will talk about is the trough and peeks and all these different movements in stocks are attributable to the decisions we make at Business Leaders and i made a bad decision which took my company down what was it i decided to get into a retail space i shouldnt have gotten into. Early course correction and you see the rebound. But when we tack about the actual earnings improving 2020, were making the assumption that a consumer has returned to a regular spending pattern and that cap exis quoing to continue to get stronger. Im not sure where people are gathering that information from because i think theres companies starting to build their Balance Sheets with sh cash and not have everything just leave final question, brian, if i mig might. You said earlier and i agree on principle, that timing the market is a bad idea but is there a place in a market like this for dynamic rebalancing of your portfolio if you did so well in 2019 and in the first month of 2020 that now youre equity portion is higher than you want it to be. Well i think a great way to provide income for your portfolio quite frankly is Dividend Growth in terms of equities and Equity Income is a discipline that dramatically outperformed last year, but when you take a look at private client money in north america, the its still woefully underweight in the value category and Dividend Growth category so i think those areas that have dramatic upside, we could see rotation back into the Equity Income sleeve and provide income for those customers and clients that need that so dont move, dont necessarily move out of stock, but maybe change the kind of stocks you own i would do that remember, too, sometimes in life, we make binary decisions buy or sell, growth or value i think most people are not as diversify ied as they should in terms of equity and value. All right brian, jeff, gentlemen, thank you. Appreciate that. Coming up, well continue to watch the markets as stocks are trading near session lows. Shares of boeing, they are still halted eed on that news that ps the 737 max wont get cleared for take off until july. Costco shares up nearly 50 the past year. Stysheto it sa t scks ill undervalued and our traders will weigh in on that. You take a lot of trips to the islands, phil . Pretty great, right . Oh phils legally dead. Fell off a boat. Going by denis now. Celery. Long story. What do we got here. Oh. Not going to want to see this. I dont think this is going to work. Just ok is not ok. At t has americas best network, now with our best plans, at our best prices, starting at 35 a line for 4 lines. New from at t. When i see obstacles, i create opportunities. soft music when i see adversity, i find a way. When i hear never, i say now. [announcer] Southern New Hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. cheering so when i face barriers, i can break through. [announcer] breakthrough at snhu. Edu. And we have the latest on the impeachment trial. The timeline is already shifting mcconnell now saying each side will receive three days to deliver their opening arguments and thats instead of just two marathon sessions for those arguments. That meeps that this trial will last at least through the end of next week. It also shows that mcconnells under pressure from moderates within his own party to make sure that both sides are heard the president s defense team is speaking now on the senate floor and they argue that it doesnt matter how long this trial take, the outcome will be the same and the president will be acquitted. Back to you. Once you hear those initial presentations, the only conclusion will be that the president has done absolutely nothing wrong. And that these articles of impeachment do not begin to approach the standard required by the constitution. Now white house can still move to dismiss this trial entirely they have until 9 00 p. M. Tomorrow to do so, but its unlikely there will be the support in the senate nort to make that happen thank you very much and now over to seema for trading nation hello, tyler and weve got our eye on retail today. Costco shares trading higher after oppenheimer gave it a valuation based upgrade to outperform but the rest of the big box retailers are trading all over the place ko ra costco rallying while walmart and target tumble into the red so which is the best big box bet . Nancy and colleagues with the analyst behind the costco call joining me the chart. What do you make of costco im going to stick with the upgrade of costco. Hes such a good fundamental analyst because he likes companies with good technicals on top of it a as well listen i got a chart of costco relative to the s p 500 great run of outperformance in 2019 got to a very extended condition in september ch since september, its kreked back to its 200 day average. Its worked off those ovbought excesses maintain the uptrend now starting to inflict high rer. We think the longterm run of outperformance is just Getting Started again. Nancy, what do you make f co o costco and the threat of amazon . So we were e net sellers and all the way out by end of the year last year its too expensive for our blood at 36 times and with all due respect because i have a great deal of respect for ari, this is a little late. Feels like analysts piling out before apple hit a peek in 2012. Juch a stretch valuation and yet they have done a a good job in e commerce against ammazon we like home depot a lot better. Got a yield thats 2. 3 and Dividend Growth of 22 so we are big owners of home depot. Costco up 46 in the past year well leave the conversation there. Well get nancy to love some momentum 12 months from now. Catch jim cramers interview on mad money tonight at 6 00 p. M. Eastern. Back to you guys thank you ahead on power lunch, stocks at the lows of the day fears of the coronavirus spreading in china shares of boeing are halted. Were all over two big stories rocking the harmarkets. Much more right after this break. Before we talk about taxsmart investing, whats new . Well, audreys expecting. Twins grandparents we want to put money aside for them, so. Change in plans. Alright, lets see what we can adjust. Wed be closer to the twins. Change in plans. Okay. Mom, are you painting again . You could sell these. Lemme guess, change in plans . At fidelity, a change in plans is always part of the plan. Welcome back canadian Prime Minister Justin Trudeau calling on iran to release the flight recorders for the ukrainian passenger plane that iran shot down last month killing all 176 people on board including scores of canadians. We recognize that the black boxes are key to the investigation and there are rules around making sure that they are analyzed quickly and properly in cases such as these. That cannot be done in iran. Huawei chief Financial Officer arriving at vancouver courthouse to determine whether she will be sent to the u. S. To face fraud charges the u. S. Accusing huawei and wallet hub is out with a ris of the best and worst states for driving. Using 31 key metrics such as traffic and infrastructure, iowa snaggeded the top spot as the best state to drive in hawaii was ranked the worst. Youre up to date. Thats the news update this hour hawaii is the best place the drive if only because everywhere, its beautiful so come on youre sitting inting traffic no, its the state of the roads when you get out of the populated areas. A lot of them are not paved. Theyre not, the infrastructure is terrible. And the views not as pretty. You have potholes many hawaii, who cares, youre in hawaii. Almost better that way. Thank you, sue. Lets talk about stocks. They are sitting near lows of the day. The dow down nearly 200 points lets take a look there. Down 185 right now both concerns over the coronavirus and boeing those are the items that are weighing on the markets right now. Boeing shares actually halted. Reports that it may take regulators months longer now to approve the 737 max. And that took that stock down more than 5 boeing is a dow component and were getting a statement from boeing saying we are quote informing our customers and suppliers that we are currentliest mating that the ungrounding of the 737 max will begin during mid 2020. Bob is at the boeing post at the New York Stock Exchange with more hi, bob. It was down 5. . The news was from cnbc that boeing did not expect the max to return until june or july as you heard. The company is now confirming essentially what cnbc was talking about earlier. So where we are right now is the company sent a statement once the exchange is sats fied that all of the news is is out, a notice will be sent down on to the floor here and heres the trader and the stock as we call him. They will then be able to release the stock. Youll get indications of where the open might be. Youll start seeing more people start showing up u and i expect that to happen in a few minutes. Because of our reporting, the stock was down significantly and guys, 18 points. Thats 140 points on the Dow Jones Industrial average so boeing is a cig drag in addition to the news out of china be right back as soon as we get indications on when the stock may reopen well wait for that thank you for keeping us informed b about it. P in the meantime, lets bring in sheila, an analyst covering boeing this statement says this accounts for the rigorous scrutiny that regulatory authorities are rightly applying, but havent they been applying the regulatory scrutiny what was the anticipation from the analysts about when this plane was going to be free and clear to return to the skies so our estimates had forecast ed a return to service in april. And a production restart in april which is probably what drove the stock down today its that this aircraft might not get recertificate erecertif0 thats a lot later than folks anticipated. Why would the, why would the delay of the ungrounding affect the production of circulation in october . Thats a good question. One thing to be mindful of is theres 400 aircraft remember the chain was producing at 42 a month even though it was dwrou grounded in march so for nine months, the chain manufactured this aircraft. The focus item is is going to be getting those aircraft on the ground off to customers sooner rather than restart production so a mid 2020 return to service means you get more of a delay on the production restart one more question, sheila how do we know what kind of backlog boeing has for the 737s and more importantly for those that have placed the orders prior to the issue, do they have a right to cancel that order or modify that order . So, the backlog right now currently stands at 4900 orders or there abouts. Whats interesting with the exception of fly dubai that had a modest change, you havent really seen any customers change their orders because airbus sold out on its competing aircraft until 2024 so customers havent had much leeway, even though the down payment you know if youre expegting an aircraft in 2020, too, might have been minimal, you didnt change that order because you have nowhere else to go we reported on the settlements regarding the 2019 charges. I would think this is going to add significantly to the charges that the airlines are going back to boeing with so i think it all depends for every airline what their package look like but what we backed into with southwest, american is about 10 million per aircraft and maybe around 100 million so the concessions ta boeing has r reported, the charges that took in july with a pretax charge of 5. 6 billion assuming about a six month delay so you could at least double that charge from here do you know whether theres Insurance Coverage for any of this there is coverage but its why boeing is taking those charges. There will be some form of repayment back, whether thats on the aircraft or service agreeme agreement. Ask that question about the leases i think my other question is are writing checks back to these other companies or just discountying future orders i want to know how the cash is flowing. Are you writing me a check back because i lost revenue or if i have one of the 49 orders out there, are you discounting that amount it depends, varies by customer if youre southwest and youre a big customer, im sure you have a more favorable settlement that have aircraft in 2022 and its not affecting your capacity or airline schedules. I think the biggest customers have the most you know, impact southwest, 280 of teahese on order. Thats fascinating. The last Thing Companies want to do is write checks to somebody else final question is one that marcus asked in our last segm t segment. We didnt really know the answer are the airlines on the hook to the Leasing Companies that sometimes own those planes for the lease payments even though the planes arent flying and then do the Airlines Come back to boeing and make that part of their settlement deal with boeing when you look at an air palestiline theyre the official customer of the aircraft and the customer, the airline is the operator, so the that will be the recipient of those concessions and they could store that with their own base thats why weve seen some outspoken comments from some recently about name changes because they are in fact the customer it would come back to boeing and say here but what rights do they have to do that because they are in fact the customer whos putting down the down payment but the ones that are already in circulation, sorry to continue this, but the ones that are already in circulation and if Im United Airlines and i have 14 or 15 in a hangar and cant fly them but still have a payment thats due every friday or monday, whos making that payment and if im making that payment, whos giving me my money back i think of the 370 aircraft that are grounded at the moment, boeing has not emphasized what the concession exactly look like im sure if they have a cash obligation, boeing is refunding them for it. The ones that are in 2022 and beyond, im sure they have a different sort of f Pricing Agreement with boeing. Okay. Thanks very much power lchwi brit ckun lle gh zblncht marcus takes us to a small town on the mississippi ravaged by one of the worst floods that area has seen in 25 years. He shows us how the town rebounds and recovers. This is a crisis. What makes it a crisis or not . Level of water. Businesses affected. 80 off of revenues from year are 100 as is the case with some that havent been able to open theyre making acorns right now. Gratheir economy relies heavy on tourism ive had those calls that express if they dont get some sort of assistance, theyll go belly up this was f a business a barbecue joint . Biker bar and its packed on weekends and, and thats an incredibly, we doing sorry to interrupt you. Shares of boeing have reopened it was down more than 5 boeing saying it expecting thes the ungrounding of the max to happen in mid 2020 to bob well, weve reopened. And fairly quickly so remember just about five minutes ago, the company came out and said what cnbc had been reporting earlier, that the max would summer the the stock of essentially down 5. 5 you can see now its reopened not recovered much what that tells you the market absorbed the information and the information the company has provided has not added anything more than what investors were thinking prior to that to the news that cnbc announced essentially here i want to point out 17 points here youre dealing with 130 points or so in the Dow Jones Industrials average. One of the reasons why the dow is underperforming the s p 500 thank you well keep watching boeing are we going to stay rhtig here were going to take a quick break. Well be right back. Its tough to quit smoking cold turkey. So chantix can help you quit slow turkey. Along with support, chantix is proven to help you quit. With chantix you can keep smoking at first and ease into quitting. Chantix reduces the urge so when the day arrives, youll be more ready to kiss cigarettes goodbye. When you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. Stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking, or lifethreatening allergic and skin reactions. Decrease alcohol use. Use caution driving or operating machinery. Tell your doctor if youve had Mental Health problems. The most common side effect is nausea. Quit smoking slow turkey. Talk to your doctor about chantix. And welcome back lets take a look at boeing shares they just reopened in the past five minutes or so after the company says it doesnt expect to unground the 737 max until mid2020 shares not recovering much stock is down 4 down five plus a few moments ago. Back to the story of grafton, illinois and the flooding it experienced. The mayor of grafton joins us now. Mayor, i watched the episode of the profit where marcus comes in and talks to you. I just want to ask you, is it a ground shift for you to think of your town the way Business Owners think about running their businesses yeah. Its definitely, you know, a unique situation that we are in. You know, i have to look at a town from a business perspective, and then also, you know, from the homeowners perspective. But the business, you know, what runs our town is the tourism and thats what makes us go. The flooding that you experienced was longlived it was devastating financially and emotionally as well. We see a lot of that in this episode. Are you experiencing some of what towns from coast to Coast Experience when industries leave, when they are crippled by opioid addictions that suddenly youre having to deal with a crisis without a doubt, you know there was tremendous emotion, you know, not only for myself and the many volunteers, the residents, Business Owners and we do share similar plights as other communities across the United States. Its just the facts of where we live and, unfortunately, its all too common, you know in this day and age where it happens again and again and again. Hey, mayor, its me do you remember . How are you doing, mr. Cause. Remember Going Forward we want to be enthusiastic how amazing the town is. Its important for people to see American Communities we live in today can rebuild themselves i want to compliment you in front of everybody and everybody else who lives in that town for picking yourself off the ground and doing it for yourself. Not waiting for the state government, federal government or anybody to solve your problems i got a text last night that said businesses are okay i really appreciate you saying that, marcus. You know, it was through not only myself, but the efforts of others, you know, collectively you know there was a lot of people that worked together to have us rebound to, you know, as fast as what we did. Were doing well quite well mayor, thank you so much for joining us the episode airs tonight at 10 00 p. M. Eastern and, marcus, it was great to see you get in there. You got your hands dirty but i made a friend for life with the mayor check please is next and dont forget wchat or listen to us live or on the go with the cnbc app and tuitionfree College Programs to generate the talent companies need. With a 150 billion investment in state of the art, modern infrastructure, and a nationleading commitment to lowcost clean energy, new york is doing more than any other state to build for the future of your business. New york state, the state of the future. Learn more at esd. Ny. Gov. This rounds on me. Eat. New york state, the state of the future. Hey, can you spot me . Come on in. Find your place today, with silversneakers. Included in most Medicare Advantage plans. Enroll today by calling the number on your screen or visit getsilversneakers. Com this piece is talking yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Well boeing is down a lot. It has reopened after the Company Announced that it does not expect to have its 737 maxs flying until mid2020. That is now the goal post and that goal post has been changing boeing down 5 but thats nothing compared to stocks you have been watching. Melco resorts down almost 10 . M fwrch mgm resorts down almost 6 wynn the worst performer in the s p 500 and ual. Fundamental, fundamentals, fundamentals, stick with them. Watch the episode tonight. Well see you tomorrow welcome to the closing bell. Im wilfred frost. Here at the boeing post today. The stock of halted. Now trading again after the company pushed back expectations when the 737 max will fly to the summer its down 5 as we stand lots more details on that coming up and im sara eisen at the Word Economic Forum in davos, switzerland where President Trump set the tone early talking about the americas economic achievements huge skpus for

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