This hearing will come to order. Thank you all for being here today. One year ago today, lyon air 610 crashed into the sea in jakarta indonesia. All 189 people on board were killed. A few months later, an Ethiopian Air flight departed, and flight 302 experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventible. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Many family members are here today and we appreciate their attendance. I appreciate many of them meeting with members of the committee over time. As chairman of this committee, i promise their loved ones were working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability and action. And the public deserves no less. The type of aircraft involved in both accidents is a 737 max 8. Manufactured by boeing. International aviation safety regulators began grounding
Good Tuesday Morning welcome to squawk alley. Im jon fortt with Morgan Brennan and sara eisen carls got the morning off the art of the deal. Stocks up for a second day on renewed optimism for u. S. china trade talks. At the g7 meeting in france, President Trump told reporters that china will come to the negotiating table, whether it likes it or not. Im not sure they have a choice and i dont say that as a threat i dont think they have a choice in the meantime, the United States, which has never collected ten cents from china, will, in a fairly short period of time, be over 100 billion in tariffs. So, i think they want to make a deal, very badly those tariffs, of course, not coming directly from china joining us now, scott clemens, brown brothers, harryman, ceo of private wealth management. Also with us, mark mahaney, managing director and lead internet analyst guys, good morning good morning. Scott, youre optimistic about a trade deal and about the economy in general, because of consume
Smart home device and generative alexa. We discuss with david lynn. Ed we are going nowhere on any asset class related to technology or otherwise. It is fed day and we will have special coverage of that decision later this afternoon. Basically the market sees them holding rates steady. Nasdaq 100 completely flat. Nasdaq Golden Dragon index had been outperforming, up a few tenths of 1 . We will talk about u. S. China relations in the context of tech later in the show. U. S. 10 year yield, for 3 . Bitcoin at 27,000 u. S. Dollars per token. This is the definition of treading water ahead of the big fed decision. Caroline all eyes on the macro. Go micro for a moment, the stock movers are interesting. There are updates from Certain Companies and im looking at the likes of intel for example, has been paring an earlier decline but notably we are seeing currently off by more than 2 . This is maybe the invasion day did not live up to expectations and particular we wanted color around 18 a chips.
Cooperation, and not by human suffering but by human progress, a world that is safer and more prosperous and more secure and more free than the one that we inherited. Lets get to work. Thank you very much. [applause] francine that was president barack obama, speaking where leaders are gathering to try to thrash out an agreement for Climate Change. President obama warning of submerged cities if no action is made on Climate Change. We understand the u. S. Will not sign a legally binding agreement. He also talked about the future generation. Starting friday, surveillance will be broadcasting live from for thehe top 21 cop 21 talks in paris. the u. S. Jobs report may lead the fed to raise them. China may be finally getting the respect it has wanted. Showdown in paris. Global leaders meet to resolve their differences and come up with a deal on Climate Change. But the conference itself is a security nightmare. Bricks and clicks beat bricks over the weekend. David welcome to bloomber blg. Im
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We