Stay out entire field put everyone in disarray. Im talking about the dems and a donnybrook with the dems. So much more on making money. Charles new 737 max fallout causing boeings stock to decline even more. After a report that boeing may have been hiding issues for the 737 max for years. Internal messages from 2016 between two boeing employees suggest that the aircraft maker may have misled the faa about the boeing 737 max, the safety system. Boeing expected to report Quarterly Earnings on wednesday. Bring in Kristina Partsinevelos to break all of this down for us. Reporter you mentioned the leaked messages. That contributed to a lot of downgrades across the board on wall street today. Focusing on three major firms right now. Credit suisse, ubs as well as baird switching positions to neutral. Look at price targets with Credit Suisse is the lowest, quite negative in the report stating 323. They wouldnt support this especially given the leaked emails. Neil, charles yourself, saying boeing is the worst performer on the dow today. Yeartodate it is still a little bit higher, up a little bit about 2 yeartodate for 2019. Latest story were hearing that the boeing ceo sent an internal message to all the employees today saying there is steady progress, steady progress, returning those 737 max planes into the air. Still no date. We dont know when this is going to happen. Benefits youre seeing on the screen, Dennis Muilenburg who is the ceo. He was stripped of title of chairman last week. There is Big Questions who is going to be held accountable for the two crashes, 346 lives that perished. Dennis muilenburg however does have to testify in front of capitol hill at the end of the month. They also have to deal with earnings. Doesnt seem like he would step down anytime soon. You have a meeting going on with executives. You can see on the screen, their plate is full, from the leaked messages from the pilot, the future of the ceo, earnings coming out, future jobs. There is a report they may have to cut jobs because they cant get the 737 max to customers. Of course the hearing they will have to deal with. A lot on their plate. But at this point boeing has a fix for the software. Regulators still need to approve it. Earnings out on wednesday. Charles . Charles kristina thank you very much. We have erin gibbs and david nicholas. Start with you, erin. I think there is Something Interesting going on here today. Im kind of surprised the wall street firms picked today to downgrade the stock. The leaked emails, all these other things, its a bad look for boeing but if there is a fix, and faa gives it the thumbs up that changes the fundamentals of this stock Going Forward. Maybe the ceo is in trouble but those are two different dynamics. Yeah, i think this comes, this is continuation of some of the stories weve been seeing a lot of Foreign Airlines that will be buying these airlines have announced in the past couple weeks theyre not going to be buying them until at least 2020. This is sort of a compounding. Certainly no airline wants to buy airplane if you have this kind of negative press. I think that is what it is. Even though after the fact it, could potentially hurt your sales even Going Forward into multiple quarters. Charles david, no doubt billions of dollars have already been put down on the 737. Boeing, from what i read, their examination position is not really that big, maybe 9 billion. There could be a issue there where do you see this boeing . Over the next 20 years, at least 10, this is one of the stocks you kind of put in your portfolio . Charles, i think you nailed it, right . There is a pot possibility difference between what is going on regulatorywise. I agree with that. Long term will boeing be profitable . Yes, i think it will be. We havent seen the u. S. Government necessarily halt majority of plane fights. I think if we get past this, like you said. I think it is even sooner than that, a year, yearandahalf out, this company is in a much different position. I think there will be damage in the short term. If you will own the stock, ready and willing to hold it. Long term wise, charles i agree its a great play. These airlines are a small percentage of their over all sales. It will not have a massive impact on overall revenues. Just that headline risk that keeps pushing down the stock. I wouldnt say this is the place to jump in just yet. Well still see more fallout, perhaps say, three months later, towards the end of the year we might have headlines a year later charles we might look like it was oversold not necessarily the bottom but oversold. Perfect value stock. At least a year out. Charles i want to segue from that to earnings season. We have 150 s p names. We got bunch of dow names. Some big names. And what i wanted to kind of go, we got names also on the board there, names reporting also. Halliburton for instance is one, david, that didnt have a great number. Stock of the day in terms of biggest mover, petmed. Revenues dune yearoveryear. They did beat on earnings, 53 of the stock was short. Up 31 at one point. I want to say here, maybe wall street is so pessimistic that theyre creating opportunities even nor names that dont necessarily knock the cover off the ball . Yeah. I mean the almost a perfect setup for low expectations this is an example where we have two things, strong consumer. Look at retail names consumers are regularly. I will take stocks higher. Headline confidence. If you remember last year at this time, there was all issues with the fed. Interest rates rise substantially. It spooked markets. So if the consumer stays strong, i think it will, we dont have the headline malaise, i think well see alltime highs through the end of the year. Charles right. Given numbers will be much better than most analysts thought. Charles could we be in a situation where wall street is so pessimistic, lower earnings, the stock is up 35 . A lot of winners today posted earnings that werent necessarily that great . I think that it is some of it is about valuations and just, you know, we are trading almost 18 times forward earnings, for particularly really big large cap stocks. Were talking like ibms. Those stocks have to hit it out of the ballpark. There are definitely opportunities. Earnings season where it is. If you can find names arent that followed, undervalued. Charles are you enticed by large short positions. Doubledigit short positions . Certainly. Those can be, like good oldfashioned staples. Im looking forward to microsoft earnings. Charles before i let you go, david, which one are you looking forward to the most . I like microsoft but i want to see other Companies Like kmart, a couple other retailers as well see how consumers are doing. Charles pet med had 53 of the float was short. That is why it was up 35 . Erin, david, thank you very much. Investors wait earnings report, President Trump says the trade deal with china is coming along great. Beijing has to make a deal. Deal with china is coming along very well. They want to make a deal, they sort of have to make a deal i think. They have to make a deal because the supply chain is going down the tubes. The supply chain is broken like you have never seen anything like before. It is broken. Charles phase one of the agreement could be signed and sealed by next month. If that happens, what can we expect from the markets . Like to welcome in still chief economist, lindsey piegza. Take both potential china, not a trade deal but moving along, phase one, announcement of removal of december 15th tariffs and usmca. Work with me on all these things. The potential for our economy and the markets . I think right now that the biggest focus is a agreement between the u. S. And china and even the prospects of a fade one deal is boosting optimism in the market we will see a lasting, broader based deal signed eventually. Weve heard from President Trump, we heard from chinese officials more recently. Reiterating the commitment to reaching a lasting deal, in part because they want to mitigate the downward pressure weve seen on the global economy. There is still some frustration. It has been very lean in terms of specifics for the deal. We havent heard much in the timeline there. Is hope getting it signed in november at upcoming summit. The administration is saying it is about the terms of deal, getting a good deal and noting it through by any set date. There is a lot of frustration reaching an treatment. Many assumed that would result rolling back some existing tariffs. As you mentioned we have seen some concessions made. Additional tariffs expected to go into play earlier this month have been postponed. As larry kudlow suggested we could see those december tariffs expected delayed as well, but nothing in terms of rolling back the tariffs that are already in play, already having a very detrimental effect on the chinese economy, on many european economies, and of course our economy here at home. Charles i want to let the audience, by the way you referenced larry kudlow. I want to share with them what he had to say so you could hear what he had to say as well. President agreed to suspend october tariffs. October 15th tariffs. I want to get my tariff dates right but i like what theyre saying on the other side. My hunch is, this is up to the president ultimately if talks go well on phase one there is a chance we get those december tariffs off. Charles lindsey, are you surprised though that the tone is really made a 180degree change, particularly from chinas side, leading up into the 70th anniversary of communism . I expected more sabrerattling. Instead we saw them buying soybeans. Really a different tone. Feels like the tone now is, sets it up for maybe a move us in the right direction . Well i do think the data is having a very impact full presence in terms of driving the chinese to make a decision. We have seen chinese growth slow noticeably. This is the weakest pace of expansion for the chinese economy in decades. Weve seen the key Manufacturing Sector fall into contraction territory. Exports down. A steep decline in a number of key indices. I think the chinese economy is being backed into a corner and they realize they dont want this to go on forever. They are willing to come to the negotiating table. I do see reason why you mentioned coming up to the political celebratory dates there may have been more harsh rhetoric expected. It comes down to the data, the fact that their economy is suffering i would say the brunt of the pain at this point. Theyre an export dependent economy that would be expected. Charles right. On the flipside, u. S. Economy is not being unscathed by any means. Charles good news for china. They also control the media. No matter what the deal is they can say they won. Half of americas media will say that too no matter what. Lindsay, great seeing you. It has been too long. See you soon. Charles folks it has been more than three years since the british voters went out there and decided you know what . Lets leave the eu Boris Johnson fighting to save his brexit deal. While protesters are demanding another vote. Well go to london with more details. Democratic Party Falling into further disarray, Tulsi Gabbard taking on Hillary Clinton after the former nominee hinted gabbard was a russian asset. That is not the only fighting going on, what im calling the democratic donnybrook. Well be right back. Great riches will find you when Liberty Mutual customizes your Car Insurance, so you only pay for what you need. Wow. Thanks, zoltar. How can i ever repay you . Maybe you could free zoltar . Thanks, lady. Taxi only pay for what you need. Liberty. Liberty. Liberty. Liberty. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Shipsticks. 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We go live to london with ashley webster. Ashley. Reporter another week of political warfare. So many false stores r starts, so many delays, 10 days before the next deadline of october 31st. Still brexit very much up in the air. As you say, though, the government tomorrow will introduce all the nuts and bolts of the withdrawal agreement. They will debate it over the next three days. Monday, tuesday, and then on, sorry, tuesday, wednesday and on thursday they expect to, if they get to that point, actually vote on that, that would be a huge step forward for Boris Johnson. Now as you said earlier today the House Speaker john bercow did throw coal water on the governments plan to have another vote on the eu dial. Guess what . You did the same thing saturday and just walked away. That is against parliamentary rules. Take a listen. Todays circumstances are in substance the same as saturdays circumstances. My ruling is therefore that the motion will not be debated today as it would be repetitive and disorderly to do so. Reporter repetitive and disorderly. Well, there you go. Now conservatives not happy with john bercow, the House Speaker. They believe he is a remainder who does everything he can to throw up roadblocks to brexit. In fact sir Bernard Jenkin challenged him saying youre supposed to be impartial. Listen to that. I note the dilemmas you face mean that on occasion you will sometimes have to please some and not others but it is becoming remarkable how often you please one lot and not the other one. Reporter but the House Speaker says that is not true. That he has ruled in favor of conservatives in the past. Where do we stand . We come back here tomorrow where the legislation, as i say the nuts and bolts of the brexit deal will be debated. The eu still has not agreed to the extension. By the way, no deal, charles, still on the table. It is still there. In fact the government says it has activated the latest phase of operation yellow hammer. Sounds pretty dramatic, does it not . Where the uk treasury is prepared for civil and government situations if indeed there is a no deal. Then the uk crashes out and they have plans in place in case that happens. So well have to way and see. Very unlikely but, you never know with brexit. Anything is possible. Back to you, charles. Charles real quick, ashley, bercow i watched saturday i thought was evenhanded. One liberal referred to her puckish yin, not serious, the right honourable gentleman is versatile, dexterous in parliamentary weaponry, to dismiss absolutely wonderful watching this all play out. Although getting exhaustive for all of us. Ashley, great stuff, my friend. Thank you very much. Youre dexterous as well. Reporter thank you. Charles will this move the needle in our nation ace fight against this killer epidemic . Well be right back. 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Well that settlement with the two counties in ohio, that was reached in the early hours of this morning before was supposed to be a landmark trial was set to begin around 9 00 this morning. However were just learning that testify have also reached an agreement in principle with several states including pennsylvania, tennessee and texas as well as the framework for a global settlement which would include several municipalities across the country. What teva has agreed to a contribution of 23 billion worth of naloxone. An opioid overdose reversing drug. So they would provide that drug as well as up to 250 million over the next 10 years. The goal of the settlement is one, to, avoid any further lawsuits and settlements but it is also to, as we understand it, try to reverse sort of the impact of this company in the opioid epidemic. But the company says, in agreeing to these terms it, hasnt admitted to any wrongdoing. That is the latest. Were still working through the terms of this agreement. But essentially an agreement in principle, a settlement in principle. Well try to get more information as it comes in. Charles . Charles grady, thank you very much. I want to bring in Trial Attorney heather hansen. This is our area. Every single day. So the audience knows, you have mckesson, amerisourcebergen and cardinal health, all those shares are