Deadly crashes now boeing says it may even temporarily shut down production of the model. Boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over 2000000000. 00 profit since then 2 of the companys best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 aircraft were killed crash investigators have blamed Flight Control software for both disasters but pushed the nose of the planes downward the model remains grounded. Boeing posted a financial loss of 2940000000. 00 in the june quarter with sales sliding a hefty turkey 5 percent to 15750000000. 00 the Aerospace Giant delivered just 90 jetliners during the 3 month period. The 2nd quarter loss included a 5000000000. 00 reserve to cover costs linked to the prolonged grounding of the 737 max that includes compensation boeing will have to pay to its Airline Customers for delayed deliveries Many Airlines such as Ethiopian Airlines are now turning to rival airbus. Adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. The new long haul wide body plane because of problems with its General Electric engine the company is working frantically to update it 737 Mark Software to get the plane back in the air however it admits it doesnt know when it will fly again investors are rattled. Ratings agencies moodys and fitch have cut boeings Investment Outlook to negative as a result of the crisis. Over now to wall street where our markets correspondent host eloise the hearo is standing by hi ho sello east so picking up on those boeing results what sort of future are investors expecting as specially given these developments for the 737 max. Some are more optimistic than all those you know but the result concerned out of the 737. 00 mags that does not start flying again by the end of this year then boeing will will hardly its production as it was when we not only will have a significant consequences for the company but also for airlines like southwest or american among all those who we generally canceled thousands and thousands of flights and lets not forget all the orders either as specially the most reason ones coming from a g. 200. 00 airplanes that also will impact those companies which make parts for the 737. 00 max some investors are going from the troubles related to do small to the rest of the commercial business depends in services or quarter meanwhile dead climbed about so deep caution indicating that boeing has ample dry powder right now to withstand these issues at least in the short term. Speaking of results though boeing wasnt the only one to come out with their figures facebooks numbers are out as well any surprises. Actually a good surprise is that you know revenue was up 28 percent in the 2nd quarter while facebook and manage to post 2600000000. 00 even if you took aside 2000000000. 00 a deal with the federal trade Commission Fine lets not forget the Company Already took an Additional Charge of 3000000000 dollars earlier year 4 to support us as a tool and meanwhile daily a monthly fee of users were operated percent as we know it is a do come out right after the you have to see announced a deal with facebook a really good day. Company with a record of 5000000000. 00 fine over a consumer of privacy violations it may sound big about the company has already set aside money we said while some critics say the. Changes will change how to operate said but also looming over facebook is the Justice Department later proved to us scrutinize tech giants facebook and. Luis the hero there on wall street for us thank you very much for your insights. In a german Corporate News a Deutsche Bank announced a loss of 3100000000. 00 euros for the 2nd quarter its been attributed to the costs of the major Restructuring Plan announced earlier this month germanys biggest lender is drastically cutting back its Investment Banking operations with a loss of 18000 jobs. In savings says deutsche a has already taken significant steps as part of implementing the strategy to shares were down 5 and a half percent on the news. Now the keys to 10 downing street have officially been handed to Boris Johnson he marked the 1st day of his prime ministership with an overhaul of his cabinet among the key appointments sajid javid this man he was a banker before he was a politician and now hes. Tapped to lead the treasury as chancellor of the exchequer elby has responsibility to guide the british economy through the biggest challenge its facing breaks it and possibly won without a deal with the e. U. The u. K. s biggest trading partner thats something many businesses on both sides of the channel say they want to avoid. Embarrassment could be the least the u. K. Has to worry about if the doomsayers of its economy a proven right on the day that Boris Johnson gets to work on his promise to deliver brics it within a few months trading partners of warning him to go gently. German Business Leaders point out that even under his previous s. A to resume a trade between the 2 countries had been falling figures put the decline in u. K. Exports to germany of more than 6 percent between january and may the United Kingdom used to be the number 5 trade partner of germany and last year this fall down to number 6 and this year also 2 to number 7 so there is not directed at all and we can already see the negative impacts reacting to Boris Johnsons victory in the conservative leadership photon chuse day the World Trade Organization said it wanted to see the smoothest possible breaks it pointing out the e. U. Accounts for 47 percent of u. K. Exports but having been elected by tory members impatient to get out of the European UnionBoris Johnson will be considering who to listen to. Gold is one of the rarest elements in the world and its in high demand as a safe haven in times of market volatility quote gold never loses its appeal as one of its major exporters but as miners go for gold theyre poisoning rivers farmland and themselves. Makeshift gold mines like this one has made many young canadian men richer than their wildest dreams. They are also destroying their lives often the damage only becomes apparent when its too late. Many of the miners handle mercury with their bare hands the metallic element is used to extract gold from sediments. But its highly toxic poisoning every tissue it touches. It causes lung damage kidney failure tremors and paralysis in many cases exposure leads to death the symptoms are often misdiagnosed as tuberculosis. The turner store today in western ghana has a population of around 5000. 00 since 20081 of rice and gold prices led to a surge an unregulated mining dozens of young men have been dying each month no one believed mercury was to play in. We did know used to suck the mercury into our mouth and throat so that we could get the gold when she all the guys working with mercury got sick when they got sick we didnt think it was the mercury the brought about the illnesses we put into our minds that we had committed a sin against the gods. Back in april their voices news agency spoke to this man who developed lung problems after being exposed to talks and while mining heres what he had to say. So if theres someone out there if youre a young man today and you want to get into water cut gold mining i say to you you have to be careful of the dust. So i look at me now this isnt what i used to look like. A few weeks after the interview he died leaving behind his wife children and the house that gold helped him build. Now you may have heard that there is a bull market for legalized marijuana in the United States but now it looks like the bears are taking over the cameras out of mari juana dispensary in colorado caught this furry invader breaking into a storage area and trying to open a trash bin as you can see it wasnt successful so the bear dragged a large metal been off into the night. Dont get high on the supply mr bear thank you so much for watching. After. That. Information. That means the stress to facebook and twitter up to date and in touch. The World Population is increasing the climate is changing its getting warmer and there are going to be more more places where you cannot grow traditional props we have to fix that some the way to do that is to use the model tonight a modification methods to make that across it is a lot safer than anything weve done by traditional genetic modification you take one to me you know exactly what it is you put it into another plant to become a map exactly where its gone i think we will be able to provide enough food for people by 2050 if we can make crops that will grow under a semi arid conditions this will achieve a much greater stability in the food supply than we have at the moment. Welcome to trumps america. The country feels so good to hide it is still lingering in other parts of the