acording to bloomberg, boeing has 800 million in profits stashed offshon and boeing is pursuing these deals with the japanese banks and the company is less worried about this bill and that financing than my friend from washington is. so, this is simply about saying that are iran does notville direct access to the u.s. financial system. . i don't know why my colleagues on the other side of the aisle are so freaked out by. that this is simply making sure that our banking system is not going to finance this deal indirectly or directly. and the use of the export-import bank would be prohibited. this amendment says it's a sunset to this bill, upon presidential certification that iran has ceased support of international terrorism. a goal we all h

boeing went eight scoreless innings. cleveland threw in the towel, and sherwin-williams by the fourth called the bull. how about game three? archer daniels midland versus parker hannifin. oh, this was supposed to be a battle royal, but it was very clear who people were favoring. they were favoring parker hannifin. i heard people say it was a gimme, a gimme for cleveland because despite so many different industrials struggling, parker hannifin posted some good numbers especially in aerospace. and get this, fo i it reaffirmed its forecast. not many industrials have been able to do that. in fact, when parker hannifin announced its results, it actually set off a mini rally in the industrials. money was flying out, and health care was looking for a home. by virtue of its solid process control sales and its robust instrumentation business -- nitty gritty mental bending from the capital city of nitty gritty metal bending -- it looked like this was definitely going cleveland's way. by the end of the first inning, it was a walk.

the world trade organization says some of the tax breaks boeing received... are illegal. the ruling handed down today says the eight billion dollar subsidy boeing got from washington state goes against international trade rules... and must be revoked within 90 days. but... the u-s can appeal. that tax incentive was key in boeing's move to build its new jet and components in washington state. this latest ruling is part of a more than decade-long battle between boeing and its european rival... airbus an american airlines flight on it's way to las vegas had to take an emergency landing-- after one of it's engines broke down in mid-air. "you think there's something going to happen, you only got one engine, captain said no problem so we put our faith in the captain and he did a great job." the flight dallas and was able to land safely in albuquerque at 9 p-m. officials say it's not clear what exactly caused the engine failure. they say no one was injured. now fox5 weather 24/7 the fall chill has arrived with temperatures staying below average for most of the week ahead. the cl

in fact, they say that boe is on hold for the foreseeable future. rishaad: you caught up with the novell lori paul krugman and talked about the boe decision. when did he make of it? >> he does not agree with it. it is very interesting because paul krugman in june when brexit heated up said it won't cause a recession. he disagreed with many economists, and we see he was proven right, although we have to give mark carney credit for moving aggressively. let's jump into a bloomberg chart now. measure ofimple economic uncertainties, consumers, businesses, look at that spike at the right-hand side of your screen after the brexit vote. it is still at a relatively high level. paul krugman said that the boe at this point is just not seeing the economy properly. i don't see the case for hiking rates. blip inl be a brief inflation because of the declining pound. you still want some notion of core inflation that will include prices that will be volatile with the exchange rate. is policy is still tight everywhere, including britain. >> he also thinks that boe sh

they make more planes than boeing. they got together, all of these countries got together so they could beat the united states. so we are in competition. so we are in competition in one way and helping in another way. it is so messed up. >> that was donald trump as a candidate. let's see what he does as a president in terms of u.s. relationship with the wto. take a look at shares of boeing and airbus group. they tend to move relatively in tandem although boeing is out performing the air bus group. as i said earlier, while we may see judgments come down occasionally, because of appeals and how long this stretches out, rarely do we see bottom line impact on the airplane makers where they have to write a check. that is not the way the wto works. it gets a lot of play. i'm not sure it is one where investors say i see a substantial benefit here. >> it is a headline. we can talk about this. it is a headline that i think we are going to get used to, the rising tide of protectionism. it didn't start with donald trump. it was h

ruling has gone against boeing. the w-t-o says the aircraft manufacturer's 8.7 billion dollar tax incentive from washington state must be revoked within 90 days. that subsidy was a key factor in boeing's move to build its new 777- x.. and components.. in washington state. the w-t-o decision is the latest salvo in a long-running legal fight between boeing and airbus.. which is a european union consortium. the two companies have traded we are proud to report tonight... that our 13 days of giving is now underway. we want to make sure.... kids in need... get toys this holiday season. 13 action news anchor..... todd quinones is live..... at findlay toyota. todd... how's it going out there? 13-action news -- nevada highway partol-- and findlay toyota -- are asking you to donate -- a new unwrapped toy -- valued between 10- and -20- dollars -- during the 13-days of giving". donation bins are out right n valley -- including here at our station. the complete list -- is at k-t-n- v dot com. the las vegas rescue mission -- will

ahead, then ing will come back, he took that round-trip on the boeing 314. twice --94380 come 1943 did he come twice in the same year. i am convinced that has to do with me. i was hatched in this town in april of 1943. winston came to check me in may and back in august to make sure all was well. sadly, i don't remember these. i wish i did. i was living in cleveland park. -- we to talk next about have used that slide. there we go. visits to congress and parliament specifically, the canadian parliament. on three of his trips, he addressed a joint session of congress. unusual.ssing one is we heard about that first one where he made the great statement where if his father had been american and his mother british, "i feel i might have got here on my own." the congressman enjoyed that. he made a trip to ottawa. as has already been mentioned, famous this photograph taken. most of you have probably heard this story. he had just addressed the canadian parliament. he comes into the anteroom, is briefly introduced to a young photographer, and you have heard the story,

. >>> aircraft manufacturer boeing received illegal tax break from washington. the wpo said in exchange for subsidies, boeing agreed to keep production for wings for one of its planes in the states effectively excluding foreign competition. this is part of a larger legal battle between u.s., boeing, european union and manufacturer airbus. >>> cyber monday packed a big retail punch but cybersales flourished over the entire thanksgiving weekend. the monday after thanksgiving is still the single busiest online shopping day on the united states. online shoppers were projected to hit a record $3.3 billion in sales. tracks sales said cybersales on black friday reached $3.3 billion, up 21%. >>> and tuesday, the actual kickoff with people around the world donating to the charity of their choice. last year giving $116 million. online, about 700,000 donors in 71 countries. anne-marie. >> love this idea. love it as a tradition. a good reminder of what the season is all about, >> absolutely, giving back a little. >> you got it, jill wagner at the new york stock exchange. th

. >> boeing could lose some big incentives to keep workers >>> got the sniffles? we have experts from the pharmacy here when you're asking can i take this with this? >> i know. >> the lines are open till 5:30 tonight. >> about that time. >>> there have been protests across the country today over minimum wage. workers in 300 cities and 20 airports say they deserve to be paid more. they're asking for a $15 in chicago some protestors were arrested. there were more in detroit. were protests were held in new york city. >>> a world trade organization panel has ruled that the state of washington offered billions in illegal tax breaks to boeing. the ruling also says the u.s. government needs to come up with a plan to end it within months. the washington legislature stepped in to keep the triple-seven at home. >> it's about the future, an authentic partnership. >> we have had a group of legislators that buckled down on a bargains basis. >> reporter: it was the continuation of a tax break the state made to win another jet. $8.7 billion to all companies building airlines par

so how do these boeing jets compare? we take a planes. >> reporter: they are the two most famous planes in the sky, air fofs one and trump's own plane. one represents the strength of the united states. it even has its own movie. >> get off my plane! >> reporter: the other the strength of the trump brand as seen in this promotional video. you will notice the seatbelts as karat gold plated. when donald trump assumes his presidency, is he updating or taking a trip back? air force one is a supd up boeing 23re6r7b, 231 feet long. it can seat 1 humidity and reach top speeds of 700 miles an hour. trump's plane is a smallerp 57, it's 155 feet long, reaches sp >> when you get on air force one, you are struck by the sheer enormous size. all of the white house, the defense department and some other departments do cram into one airplane. >> reporter: the trump plane is no budget airline. it has gold plated seatbelts a. bathroom with gold plated fixtures, on board features a. trumpish flare that could be brought to air force one. one

. >>> let's go to phil lebeau with details on boeing now. >> ray conner who has run the division of boeing since 2012 is stepping down immediately. ray conner is staying with the company through the end of 2017, replacing him immediately is kevin mccallister, the current president of ge. at the same time, boeing is creating a third business unit. remember, they have commercial airplanes, they have the defense business and now they are creating what they call boeing global services, which is basically taking the service and contract work from defense and commercial, putting it into one entity. that's a third division run by a boeing veteran stanley diehl. a replacement at the top for boeing, ray conner is stepping down replaced by the head of ge commercial airplane services. there's going to be a conference call with boeing's ceo later on today. we'll certainly have an update for you. guys, back to you. >> phil, just based on what you know about the company, how significant are the changes? >> it is significant. you're looking at a slowdown right now in orders for new aircraft. and that's i

what's your take on boeing? >> i think boeing is 10,000 plane owns order. they've got the right planes. some bigger ones are winding down. i think boeing should be held. sat out to rally last couple years. thank you for the nice words. devon in missouri. devon? >> caller: i'm considering buying u.s. concrete. do you think the residential and nonresidential cycle can continue doing well in spite of rising interest rates? >> i do. by i prefer martin marietta materials. i know is a $200 stock you you may be reluctant to do it but that's a better situation. i have much more conviction and management there. stephanie in ohio. >> caller: hi, jim. >> hey, steph. >> caller: i'm calling about duke energy. we've been consistently losing money on duke energy until yesterday. and i want to know, do i sell it or keep it? >> no, no, you're in for 4.5% yield. true that could be headed higher but i'm not telling anyone to sell duke energy now. particularly in an environment where the epa may be denuded. these are interest rate sensitive. all right, this one trumps all. eve

and boeing is planning a plant in china. the question is, how is the new administration will do those plans? carol: we are talking about billions and billions of dollars that go to boeing as a result of china. ellen: they are a potentially huge customer. carol: staying on the president-elect, because there's so much to talk about, the teachers section, you look at whether or not if donald trump is a key economist. ellen: this is a story that digs deep into economics and how various economic theories are going to affect the trump presidency. it is very interesting because one of the things that economists do is a lot of modeling. there are various theories about modeling. really, what tax cuts are going to mean for the economy, and president-elect trump he has promised tax cuts -- and president-elect trump has promised tax cuts. we go into it so people can understand the difference in these models. the question is what the tax cuts will be like? and if spending well be more possible because of the changing in the models, and

. >>> a blow to boeing. the world trade organization said that washington state offered billions of dollars in illegal tax breaks to the plane maker. the key tax benefits came on the condition that boeing keep production of its newest long haul jetliner in that state. the ruling is part of a long-standing battle between boeing and its european rival, airbus. >>> "time" reportly says no to a takeover bid from a billionaire investor. multiple reports say edgar bronsman jr. along with two other executives approached the publisher of "people" and "sports illustrated" with a deal worth $18 a share. that values "time" at $2 billion but the company rejected that offer. "time" shares soared to $16 even. the activist invest fund elliott investment sent a letter to cognizant technology urging them to make changes it said could lift cognizant's share price above $90 by the end of next year. elliott management, which owns more than 4% of cognizant outlined plans for improvement which include job cuts. cognizant rose jus

. >> and boeing and airbus. >> well, boeing and airbus, it's the classic story of optimization versus disruptive innovation. it's really true here. they've been optimizing the same basic design for 50 years. it's that they've been making it safer and more efficient, but they haven't changed the standard of airplane performance. boeing -- they're in a battle with airbus for single market share. they're actually trying to make money on each striemliner they sell. you have your board and say i want to build a supersonic airplane. they'll probably find a new ceo. this is the kind of thing that needs to be nurtured in new companies. >> the airplane would then be sold to the major airlines? >> yes. very straight forward. we'll make the airplanes. sell them to airlines. >> tell them about the supersonic ride, and also -- the passenger experience will be like flying first class domestically. there's bun on each side of the aisle. you get your own personal overhead bin. it's going to be awesome on board. >> i'll take just the personal overhead bin. come back when you have an airplane. i believ

and boeing we have to see. but boeing on the conference call the two things they really pointed out were china and iran. that was like a kind of a clinton conference call so to speak. >> yeah, it won't be long before we're back to talking about the xm bank. >> oh, geez. >> remember that? topic last summer. >> you should be buying if you want to buy aerospace at this point, you should be buying companies that make them for both. make them for both. for instance, a honeywell. they are agnostic. you want agnostic airplane parts at this point. which is interesting because, you know, be aerospace makes for both, they're neutral. net neutrality. did he get rid of net neutrality? >> not yet. certainly something you can imagine trump fcc, not particularly focused on. >> is anything going to be the same, david? >> say again? >> maybe our friendship will stay the same. >> that will be unchanged. nothing can change that, jim. don't you worry. >> really? just because you're from queens doesn't mean you're going to washingt

. >> a world trade organization ruling pushes against boeing, calling it a subsidy. they want it back fast. the subsidy was boeing's move to it is scheduled to be delivered in 2020. >> the texas department of state health services announced the first zika case in the state likely to have been transmitted by a local mosquito. the patient is a woman who has no other risk factors for zika. the virus is known to cause birth defects. however this woman is not pregnant. >> an olympic gymnast now performing is recovering after a 12 foot fall during a show. officials say lisa skinner briefly lost needed to be treated at the scene by medical personnel. witnesses say she was performing areal hoops when she fell. the show was stopped temporarily but resumed after she was taken to the hospital, she's expected to be okay. >> if you couldn't be enticed to shop over the weekend, retailers >> with 122 million americans expected to shop online today. there's little peace for retailers, including amazon. it could be a matter of minutes when it starts to ship out of this building. >> t

just airbus.ot boeing announced restructuring plans. what does that say about the industry? >> the industry is doing well. the amount of people flying is going up to-3% per year. they are talking about doubling planes in the skies every 15 years. boeing and airbus are fighting over prices, so i guess the prices are less than what they would like. there are a bunch of new competitors. well, chinas doing and russia are working together, coming up with planes. they are trying to state nimble so cut costs where they can they are prepared for the new arrivals coming up to market in the next few years. in on thes check markets. airbus shares closed up half a percent. investors welcomed the news of cost cutting. the docs about one third, -- that dax about one third. as nasdaq hit a record high facebook and apple are performing well. they scaled back anes -- gains. 4%.prices dropping around opec won't agree to cut out what in the ad on wednesday -- output in the anna on wednesday -- vienna on wednesday. and oil cartel wants to scale back production and help global prices raise. the

air force one is a supd up boeing 23re6r7b, 231 feet long. it can seat 1 humidity and reach top speeds of 700 miles an hour. trump's plane is a smallerp 57, it's 155 feet long, >> when you get on air force one, you are struck by the sheer enormous size. all of the white house, the defense department and some other departments do cram into one airplane. >> reporter: the trump plane is no budget airline. it has gold plated seatbelts a. bathroom with gold plated fixtures, on board features a. trumpish flare that could be >> the president can put anything he wants on air force one. there is an enormous budget to take care of the president. >> if it lacks immeants, it lacks up for what is most important. security. it has electric shields average, fully functioning hospital. an ad advanced communications capability, including 87 different telephones, for the president is always in touch. for air force one, security, prri if trump wanted, will he be allowed to fly on his plane? >> the secret service will say it can't be done. the security will win o

we know that boeing you have to buy things in dollars, boeing could be heard. you get a company like a lot of the big time at salesforce, at adobe, these are companies that really key themselves on international growth. and they're worried about trade war. >> amazon's down $20. so do you believe there is a chance that the companies he targeted specifically in the race that that carries over, that he targets them as president? macy's, utx, apple. >> not to mention meg whitman, hpe because she was so aggressively -- >> they get a little personal. >> and he's known to go after people. he has done that. he always has. >> well, you know, the only issue there with amazon is you can go after amazon, but at the same time what are you going to do put a giant tariff on their stuff? >> i don't know what you're going to do, but when you're the president you have a lot of power. >> absolutely. maybe he just says amazon prime we should put a tax on it. i don't know. i just find that -- that's a little granular. >> you'll grant there's a lot of emergency meetings going on in

that subsidy was key in boeing's move to build its new 777-x jet and components in thanks for joining us at 4-30. the news continues with live at happening right now, county clerks throughout wisconsin, on standby. will a judge order them to recount each ballot, by hand? live at five starts now. right now at five: two big decisions on recount in wisconsin. will it be ?paid? for? and ?how? will it be done? this is a live picture from madison...where a dane county judge is holding a hearing right now on the green party's request to have ?all? the ballots in the state checked by hand. the computer science professor who raised the possibility of voting machines having been tampered with... is testifying right now. he's the judge says the hearing could go ?late? into the night. also today... the clinton campaign filed a motion to ?join? the green party's lawsuit. and the independent party ?withdrew? its request for a recount.the green party met the 4:30 deadline to pay for the recount. the state today ?increased? the estimated cost to three- point-8 million dollars. that's three-hundred-th

so how do these boeing jets compare? we take a closer look at both planes. >> reporter: they are the two most famous planes in the skies, air force one, the most secure airplane in the world. and trump's own plane, perhaps the most ostentatious. one represents the strength of the united states. it even has its own movie. >> get off my plane. >> the other, the strength of the trump brand, as seen in this promotional video. >> you'll notice the seat belts, as well as everything else, are 24 karat gold plated. >> reporter: when donald trump assumes his presidency, is he upgrading his ticket with air force one or taking back to basic economy? let's do the numbers. air force one is a souped up boeing 747 coming in at 231 feet long. it can seat more than 100 and reach top speeds of over 700 miles per hour. trump's plane is a much smaller 757. it's only 155 feet long, seats only 43, and reaches speeds of 660 miles per hour. >> when you get on air force one, you are struck by the sheer enormous size. all of the white house, the

well, in boeing's case, it was pretty obvious. they were in the middle of a merger talk which would have given them a lock on the american market. in the same week -- and this was at that time, exactly at that time -- in the same week that the department of justice approved that merger, they turned down a merger between office depot and staples which would have given them a 6% lock on the crucial office supply market. so boeing, if they wanted to survive, really didn't have much choice. twa, i've heard a lot of stories about why twa went along, and, you know, probably not a goo place to go into -- a good place to go into it all right now, but afterwards we may want to talk. many people have their theories. a lot of people think it was the death knell of the airline, and four years later it would be out of business and merging with american airlines at least for some unhappy, short period and then moving on. yeah, it's unfortunate. yes, sir. >> i was going to say, i worked -- [inaudible] many answer to your question, christina -- [

. , boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ?? hey there, hi. why do people have eyebrows? why do people put milk on cereal? oh, are you reading why people put milk on cereal? why does your tummy go "grumbily, grumbily, grumbily"? why is it all (mimics a stomach grumble) ooph, that milk in your cereal was messing with you, wasn't it? yeah, happens to more people than you think... try lactaid, it's real milk, without that annoying lactose. good, right? mmm, yeah. i got your back. lactaid. it's the milk that doesn't mess with you. safety doesn't come in a box. it's not a banner that goes on a wall. it's not something you do now and then. or when it's convenient. to better prepare for any situation. it's giving offshore teams onshore support. and it's empowering anyone to stop a job if something doesn't seem right. at bp, safety is never being satisfied. and always working to be better. let's dig in with the panel. kathleen parker and tom friedman. welcome to you all. robert, i w

on theat put pressure boe to strengthen the pound? will. none of us feel that about monetary policy anymore. u.k. now thee expectation is with inflation in 2017 to 2018 fourhere between three and percent. to a degree, the bank of england would allow that to happen. if they thought it was temporary. if they thought this is would linger, the whole interest rate discussion kingdom will be flipped around. broader talk about the political landscape next, populism, everything that's going on in the election here in the u.s. this is bloomberg. we're back with george magnus, he's sr independent economic advisor at oxford university china doctor. center. from story.tart with the big if trump wins that will be initial hit to initial asset and whatever else. at the brexit aftermath, okay, it was a hit rallied tworything days later. simple or initial jolt but business as usual for markets? or something deeper going on if wins? >> i think there will be something deeper. brexity.ll feel very there are differences in polling settings.litical , thehing abo

the boeing executive talked to him about a tough reality. the executive emphasized fulfilling difficult demands from the makers is the minimum requirement. >> translator: i think what i have to do is to make high quality products and get them out to our customers. i believe customer satisfaction will eventually lead to our benefit. >> reporter: yamada's company made a costly investment to win the trust of its business partners. this machine can measure plane parts down to the micron. the company hopes it will ensure all of its products meet exact specifications. the company has also spent $4 million to build a large factory as its production center. fujikiko will use high-end machines in the factory so it can make big parts at high volumes. >> translator: i would like to expand our production here. i want us to be a leading company in the aviation industry and grow further in the next ten years. >> reporter: for yamada, the future is promising. and officials at other aviation companies in fukushima feel the same. their propellers are spinnin

boeing's stock dropped yesterday after united said tell postpone delivery of 61 boeing 737 jets calling for new, more fuel efficient 737. >>> the ford motor company is not backing out of plans to move small car production to mexico despite the election results. they will be making the new cars out of the plant in mexico by 2018. president-elect trump has criticized this decision. ford'sceostressed that no jobs apartment build accident today. 600 tenants signed a petition saying they were embarrassed to live in a place named after the president-elect. the company that opens and manages the new york skyscrapers said trump place will be removed soon and replaced with voters in manhattan voted 87% for hillary clinton. >>> the capitol dome's restoration is complete. look at this here, look be fabulous. more than 1300 cracks were fixed and crews removed hazardous materials and used 1200 gallons of participate. >>> a handful of local businesses supported by loyal customers will have to find a is forcing them to leave. >>> plus, how twitter is empowering use tories fight cyber bullies. the new

a world trade organization is calling a deal between boeing and washington state illegal. the organization ruled yesterday revoked in the next 90 days. the wto is asking the u.s. government to end the subsidy. this conflict is part of a long standing rivalry between boeing and airbus, a european plane maker. melinda: black friday, small business saturday, and cyber monday. those are all over. so today, the focus is shifting to giving tuesday. it's a 24-hour-long push to get you to donate to any charity or non-profit organization of your reminding people to make sure they're only giving to legitimate and trustworthy groups. ben: new this morning, the u.s. capitol now has a christmas tree. the tree arrived yesterday. crews used a crane to get the tree upright on the lawn in -- look at how big that is too -- front of the capitol building. there is a wisconsin tree in the blue room of the white house. >> it is looking nice there and mild here too. >> most of the locations an inch orte steady rain in the late afternoon and evening hours and you are not shovelling the rain. tho