Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Sara, im disappointed. We just got back from the uk and you bought where is phil lebeau reporting from . Farnborough. Maybe phil will pick it up. Farnborough. Thats what i get for mocking you on almost every pronunciation. Shes been mocking me before the show went live. Lets check in on the markets this morning. Futures after a fantastic day on friday, the jobs number coming in much better than expected. Markets in line with the Economic Data as opposed to reacting to the rate hikes were basically fat in the premarket. The dow expected to open 12 points higher. The s p just below fair value and the nasdaq expected to open up about 7 points. We gained about 1. 5 all three of the major indices on friday. Last week, we hit a record alltime low. 1. 375 right now. After that big rally on friday from wall street, youre seeing the overseas International Markets respond. Lets show you the early trade over in europe. Green at least for the german dax. Up about half a percent. For france and for the ftse 100 as well. Italy and spain under selling pressure. Italy especially down 1 as theres more noise and more research, i thought a lot of research about the italian banks and whats going to happen. Whether they receive a bailout. Well get to that in a moment. Lets show you the action in the currency market as well. You saw a bit of Dollar Strength on the back of a jobs report. Seeing that Dollar Strength continuing this morning. Nothing sharp but its gaining by a weaker euro, stronger u. S. Dollar. In asia, big move here. Shinzo abe, his Ruling Coalition winning a landslide victory in upper house elections yesterday. Likely making it easier for abe to push through his economic agenda, ie, perhaps more fiscal stimulus, even monetary stimulus. The newspaper saying they will issue construction bonds for the first time in four years to fund that stimulus spending. We did see the nikkei react sharply. Best move since february. What has helped that moof . The japanese yen weakening after that election. That is some relief for the embattled Japanese Monetary maker, shinzo abe and his team, kuroda. Such a big move there. If you look at the fundamental data, its not like abes stimulus is really working. The fact it wont be easier for him to do more. Should markets rally so hard . Im not so hard. We did get data on the money supply front from japan. Broad money is not responding to what theyre doing on the narrow ends. Yes, theres lots of monetary easing. Well have to see whether get more fiscal stimulus going. Its been lagging behind. The policy at this point has been weakening the yen. The developments politically this weekend mean he has a more powerful bow to shoot his arrows. Absolutely. In other news out of asia to tell you about. New data showing the Consumer Price index rose 1. 9 in june from a year earlier. Thats notably under the official target of 3 this yeerg. Still we saw gains 1. 5 for hong kong, shanghai ending the first backtoback gain since april. Up about. 3 . Commodities, lets have a look at the action there. Saudi arabias Energy Minister says the oil market is more balanced and prices stabilizing. The minister was attending a climate meeting in berlin. Prices of oil are 1. 5 . 44. 7 for wti. They were down last week. Im not sure if thats stabilizing. Its falling certainly sharply last week and again today. 44. 7. Gold prices, of course, theyve been gaining in the opposite direction over the last couple of weeks. They are just above flat this morning. 13. 60 the price of gold at the moment. This week is full of Economic Data. Earnings season gets under way as well. Theres no specific Economic Data today. Look for may wholesale trade tomorrow. Followed by june import prices. The june Producer Price index on thursday. Also on thursday, Pay Attention to the bank of englands policy meeting. On friday, we get june retail sales. Cpi and the first look at Consumer Sentiment for july. In earnings, our current reports earnings after the close today. Csx and the report on wednesday, black rock out on thursday. Marking the start of earnings season. Well hear from citi, wells fargo, u. S. Bank corp. And Pnc Financial on friday and theres a meeting on thursday. The back half of the week will be fascinating. Many expecting a rate cut from the uk. After carney pretty much strongly hinted at why wait, this is his opportunity to start the easing. Whats interesting in terms of his rhetoric, the week before when i was in london covering that other meeting frngs he was suggesting that august that the rate cut would come. Well have to see. I think there will be a rate cut this summer. Possibly, people will be surprised if its in august rather than july. Britain dealing with aftereffects of the brex it vote. The Global Aviation Group is in farnborough, they come to announce big orders while other Companies Showcase their latest technology. Phil lebeau is there for us and joins us with the ceo of boeing. Phil . Reporter thank you very much. I am joined by Dennis Muhlenberg the chairman and ceo of boeing. Should explain to people, were not usually on the tarmac but were in front of the poseidon. Explain why were here with David Cameron coming in a few minutes. Were excited by todays news that the uk will be buying nine. Providing new product to the armed forces here and ramping up our supply chain. Reporter no better time than this to talk about the impact of brexit. Is it too early for you to have a true sense of what the impact will be for boeing and for other companies over the next couple of years . It really is too early. We dont see a Significant Impact right now. We have longer term perspective in our business. Weve doubled our presence here in the uk over the last five years. Were going to continue to invest here. We dont really see our plans changing. Reporter in regard to this show, its a little different than past years. The huge orders that weve seen over the last five or six years, were not expecting that to the degree this year. The focus is on the backlog. What do you say to investors who are concerned that the backlog is so great that the execution may suffer . We feel very positive about our backlog. We have 5700 commercial airplanes in our backlog today. We expect to build as steady orders flow, not as great as previous years, stronger in narrow bodies than wide bodies. This is about execution and successfully delivering on that backlog. Reporter that means the 737. Youve laid out an aggressive production schedule up to 57 per month in a couple of years from now. Do you look out and see a day where we could see 60, 65 . Where is the limit on that monthly production for the 737 . Right now were focused on ramping the 57 a month. Were after the 42 a month. Over a step wise period over the next three years, well ramp up to 57 a month. We see that as sustainable. Were disciplined how we do the ramp ups. While we do that, well introduce the new 737 max. The elon orthopedic. I know its not an order, its a memorandum of understanding that could eventually lead to an order for 80 aircraft word 25 billion. A huge order for you guys. Last week the house of representatives passes two amendments as part of a bill that would block that sale. How confident are you that ultimately you get this done . Its a significant opportunity for us. Its important that we continue to follow the government process step by step as we have done. Its important that as we go through the licensing process that everybody is treated equitably in this process. Were still hopeful that this gets done. Well follow the u. S. Governments lead. This is an important part of being a Global Business in the long run. Youre saying if we cant do this, suppliers shouldnt be allowed as well. Is your feeling, youve got to open this up, you cant pick and choose which deals go through. This has to be equal treatment for everybody involved. If we cant get licensed to sell the airplane airplanes, nobody should. We think this is an opportunity opportunity and we want to follow that government process. A year into the job for you. Whats the Biggest Surprise in the last year since taking over . I tell you what, one thing ive noticed is things like the xm Bank Reauthorization of. The fact that it was last year supported and approved by the senate and house, yet a year later were still waiting for a full board quorum so that the bank can fully function. When you look around a show like this, its clearly a globally competitive environment. So things like xm bank that help us compete on april global stage, that needs to be reauthorized with a full quorum for the board. Weve heard that for a while. Is that hurting orders . Can you look at this and say its hurting our business. Were not getting orders we think otherwise we would get. It is. Weve lost three major satellite deals because of an xm bank thats fully functioning. Hesitancy in certain others. We need to get the xm bank fully functioning again. Chairman and ceo of boeing joining us from the tarmac as you wait for uk Prime MinisterDavid Cameron here at the farnborough air show. Well see you in a little bit. Phil lebeau reporting live from the boeing ceo. In the meantime, other stocks to watch today. Shares of nintendo on a tear thanks to pokemon go. It features augmented reality allowing players to catch creatures called pokemon using their smartphones. People all over new york city have been doing it. I have not played it yet. Thats why you stayed in the city this weekend. Look at the reaction for nintendo stock. Pokemon go doing so well, its about to surpass twitter in daily active users on Android Devices alone. Seeking to hire an Investment Bank to explore Strategic Options after pressure from the Hedge Fund Elliott management. Tomorrow is amazons prime day and walmart isnt sitting idle. They will offer free shipping, no minimum purchase on online orders for five days to battle against amazons big shopping event. More stocks to watch. Kinder morgan sell to Utility Southern Company for 1. 5 billion. Deutsche bosses considering lowering the approval threshold for the merger with London Stock Exchange group. A little bit of a move in the share price for lse, up onethird of 1 . Welker health plans and senn teen corp. Made competing offers for the aetna assets and looking to shed insurance plans to win approval for merger with humana. Summer travel getting a relief at the gas puchl. Prices dropping . 07. A gallon averages 2. 29. The lowest prices can be found in charleston, south carolina, an average of 1. 91 a gallon. When we come back, it has been a decade since elon musk unveiled the socalled master plan to make tesla into a powerhouse. Now hes hinting theres a part 2 and it is coming this week amid whats been somewhat of a difficult time for elon musk and tesla. Well talk about that speculation next. Today kicks off another earnings season. Brings us to our facebook and twichter question today. Will earnings recession end in q 2 . Much more still to come. Were back in a couple much minutes. [annouer] ist a force of nature . Or a sales event . The mmerf audi sales event is here. Get up ta 5,000 bonus on select audi models. You can flacross weome totown in minutes, or across globin under an. Whole commities are living on maransolar satellites in less than a century, boei took the world from seaplanes space planes, across the univse and beyond. An you thought thatas amazing, you just wait. An update on the brexit fallout. President obama saying at the end of the nato summit, he expects britt app to go through with leaving the european union. He also said its most important that neither side harden their positions in ways that will ultimately do damage to harm their economies, especially as the World Economy is so wobbly. On that note, treasury secretary jack lieu is kicking off a visit to europe today. Hell travel to london, paris, berlin and brussels to meet with counterparts and discuss the need to promote stability and growth following they will discuss the state of the global economy. British finance minister will meet with wall streets biggest investors today in new york. In a statement, osborne is saying that now is the time to make the uk the most attractive place in the world to do business. Also making the case in an oped which is my must read of the day. In the wall street journal, not the financial times. I went to the financial times, naturally. Switching gears to corporate tease. Elon musk took to twitter to let his followers know about his p intention to publish part 2 of the tesla plan. This follows a difficult week after two fatal crashes of tesla cars and all sorts of questions about how he plans to combine solar city and teslas stock price. And actually produce enough cars to meet the demand. Thats the biggest question for tesla shareholders. A knockout punch, ufc reporting selling itself for 4 billion. The details of that coming up. First, as we head to break, heres the National Weather forecast from reynolds wolf. Wilfred, sara, good morning to you. Your forecast around the country will be a jumbled mess. We do have a chance of severe storms today across the Northern Plains moving into the midwest. Chicago, a muggy and warm day for you. 91 degrees. New york with 83. A chance of thunder boomers in the afternoon. That would be good, we need the rain in the south. Miami with partly cloudy skies and 90 dallas. Oppressive heat thats been relentless. That will continue for a couple of days. 79 in los angeles. Seattle with 72 degrees. High up in parts of the central rockies including the tetons, maybe a touch of snowfall. 1 to 2 inches. On the other side of the break, more Worldwide Exchange. Sit tight. You geuse to pet odors your car. You thk it smes fine, but your passengers smell is. {ding÷ elinate odors youve ge nose blo, fw, it smells gd in here. E febreze car vent clip. So you a youpassengers can breathe happy. You wont see the folks they have businesses to run. They have passions to p psue. W do they avoid trips the post office . Stamps. Com ma letters, ship packages, get 4 week trial, pl 100 in extras right on your computer. Including postage and a digital scale. Go to stamps. Com tv like having somethingourhomen o . Fit u, jusrighagain. Every stitchnd seam of your home iurce,andall. Tailed to fit yoand your budget. With unique features, li claim free rewards. Ohh customized Home Protection extra features ohh all atn affordablerice im gointo live in this. In means gettingore from yourhoe with an expert allstate agent. Its good to be in, good hands. Welcome back to Worldwide Exchange. Lets get you up to speed with the market. A blowout session in asia. In part, responding to strong gains in wall street on friday. But also some Election Results in japan adding more power to shinzo abes position. Were looking at the nikkei up some 4 . The yen fell over 1 . Which has helped that move. Gains also for hong kong and shanghai. That is carrying through a little bit to the wall street session in the futures market. As you can see, only slight gains expected after we closed high on friday to the tune of 1. 5 . Sara. Inching towards records for u. S. Stocks. A news outside the world of business, president obama returning to the white house one day early from his overseas trip and tomorrow he will travel to an Interfaith Memorial Service in texas for the victims of the dallas shootings. Nbcs Edward Lawrence joins us now with more than. Good morning, edward. Reporter good morning, sara. A lot of healing that has to go on. The president wakes up in the white house. He will get a briefing this morning about the dallas investigation where five Police Officers were killed. President obama is back in washington after spending the weekend in europe. He now turns his attention to healing the nation. While balancing the call for justice from the black lives matter protesters. I think that the overwhelming majority of people who are involved in the black lives matter movement, what they really want to see is a better relationship between the police and the community. Reporter he will travel tuesday to an Interfaith Memorial Service for the victims of the dallas shootings. The Dallas Police chief says the gunman, micah johnson, had sinister motives for his spree. Based on evidence of bomb making materials and april journal that this suspect had been practicing explosive detonations and that the materials were such that it was large enough to have devastating effects throughout our city. Reporter brown also mentioned the suspects wrote the letters rb on the his own blood on the parking garage where s. W. A. T. Teams cornered him. Protests erupted in states recently affected by police shootings, louisiana and minnesota. And cities protesting this solidarity from the east coast to the west coast over the killings of africanamericans at the hands of police. The president still facing questions about the feeling among Law Enforcement that he sides more with activists than police. Wilfred, sara. Edward, thank you very much. In other political news, the rnc Platform Committee starts a twodoor meeting in cleveland today talking about key issues expected, abortion, and trade. Th