a couple of notes regarding boeing and this tweet from donald trump. we've reached out to boeing. the company says it has no immediate comment on the president-elect's comment or criticism about the cost of air force one. by the way, on friday, former boeing chairman and ceo jim mcdurney was named to business leaders who will be essentially a kitchen cabinet of business leaders advising donald trump. it's interesting he is joining this group advising donald trump and three days later he takes a shot at his former company. one other note. it's been mentioned that donald trump had owned a sizeable number of boeing shares earlier this year. the trump transition team was asked about that a few minutes ago. they say that donald trump sold all of his boeing stock in june and that his comments today reflect their desire and his desire to keep costs down across the board, trying to save money, as much money as possible for the taxpayers. back to you. >> phil, a lot to talk about this morning. thank you for setting us up. phil lebeau. trump's tweets tie into a conversation we've been havin

>> well, we've got a call into boeing and we have asked boeing for a response. what's interesting is when i called boeing this morning, i said the president-elect has tweeted about your company and we would like an official comment on this. there was sort of a pause and a, okay, we'll get back to you. i think that says it all right there. couple of things to keep in mind. i'm curious about this $4 billion cost. david brought up, what did you see? >> $1.65 for two replacement jets. >> correct. >> that's the most recent press i've seen a couple of weeks ago. >> if you were to go out on the market, david, and you went to boeing and you said i want a brand new 747-8, it's about $345, $348 million. that's a commercial one. clearly what you need to take into account are all of the technologies and important elements of an air force one that is incorporated into that plane. many moons ago i had the good fortune of working in wichita, kansas, where boeing was building the current air force one. and we had a chance to go on it as they were finishing it and as they were s

i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> as you may know, the aircraft that carries the president is no ordinary aircraft. >> it stands as tall as a ticket story building and almost as long as a football field. more than a plane. air force one is a monument to american know-how and pride. >> underneath the skin and hidden from view, the plane carries an array of secret features, antennas, sensors to track attacks from cyber space or heat-seeking missiles. >> so you get the picture. it's not a delta airlines aircraft. joining our conversation, the representative for aviation week and technology, which to us in the aviation geek community is one fine publication that we subscribe to. welcome to you, lara, i'm looking at the headlines today, did donald trump tank boeing stock because he was mad about a news article? we have been able we think to trace his thinking, fox news segment on flag-burning preceded his tweet on flag-burning, do you think you found the sou

signaling out the boeing company. >> we want boeing to make a lot of money but not that much money. >> he first went after boeing in a morning tweet. boeing is building a brand new air force one for future presidents. costs are out of control. more than $4 billion. cancel order. speaking to reportaries short time later, he raised questions about two new presidential planes the air force is trying to get ready by 2022. to replace an aging fleet. >> well, the plane is out of control. it is going to be over $4 billion for air force one program. and i think it is ridiculous. i think boeing is doing a little bit of a number. >> donald trump didn't explain the $4 billion figure. a boeing official said the cost yet can't be estimated. the company said it would deliver the best plans to the president for the best value to the american taxpayer. opponents are bristling, including his threat to impose a 35% tariff. vice president elect mike pence arriving on capitol hill to sell the idea. tonight trump is making another stop on his victory tour. at a rally in north carolina, he is set to be joi

today boeing was the story. i understand why whole heartedly but there was a time where market movement was how we handicapped how something was. think back to tarp. what is boeing doing today? closing lower 52. high going back to april of 2015 where last week a little over 152. so in the end looking at what is going on with trump i understand but you can't back it up with the money which is all that matters. i think that the markets by holding is certainly not a bad thing. after this run you fear big retracements, not side ways to slightly higher. >> since you are looking to take profits from the equity gains we have had, what about the slide in bond prices? do you see value there? >> yes. yes and no. we are certainly not ratcheting up the risk scale here. we are not reaching out in terms of duration or credit risk. shorter term, tips oriented instruments. potentially higher inflation we have to keep the bond investments conservative, as well. >> keeping it conservative in the heartland. good to see you all. th

david: president-elect trump may have negotiated a deal with boeing ceo, but boeing is making a deal with middle eastern buyers, we'll tell you who after this. t. rowe price. invest with confidence. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance. david: pannallest argue that trump's plan to roll back regulation would help banks. but some are worries, it could put a dent in profits. joining me to discuss this, thbest banking analyst in the world dirk bove to join us, is it going to hurt or help. >> i think, first thing i heard, he was trying to fill a position of governor who would supervise the banking industry. there a

we have had the chairman of boeing, ceo. and i think they're looking to cut a tremendous amount of money. thank you, everybody. you comfortable? everyone okay? not bad, right? thank you. general, thank you. thank you very much. >> donald trump, thumbs up to people saying, look, i'm trying to get the costs down. that's what the meeting was about boeing and lockheed martin and admirals and generals. you are watching this, very unusual. it's happening with a president-elect and a republican president-elect, going after what he deems excessive contracts. what do you make of this? >> it's not only that he is upsetting the business as usual part that we talk to that had you with your previous guest in a sense that this is something that republicans have always been loath to protect, and that's defense spending. that's why you never can get a deal. the sequester was an accident. you have donald trump in the face of lockheed martin's ceo and sending a message to everyone else in the industry. there's a lot of money here to be made.

i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. okay. thank you. >> that was after the tweet. what's interesting here, he came out to the cameras and he's talking about fighting for u.s. taxpayers. it's hard to go against something like that. >> yeah, but i think what people need to know is that u.s. air force one is like the most sophisticated aircraft in the world. there's a great piece on cnnpolitics.com from reporters who have flown on the plane. i think what we have to communicate is that boeing isn't just throwing this number out there. the pentagon and white house has put specifications in place that require the costs to be what they are. they can be lower, but it's not something that boeing can do without permission. whether or not they will actually get to a number that trump will agree with, we'll have to see. >> and see if that number is question, that $4 billion. >> yes. >> and the plane, if you lower the specifications -- >> is it safe? >> yeah. >> eugene

it is boeing. we want you to make a lot of money, we don't want you to make a lot -- it is an interesting -- after you are saying that the pentagon is sort of defensive about the potential waste that they have got going on, he's not even pointing the finger at the government. >> well i'm not sure i agree with that entirely. >> okay. >> he said cancel the project, cancel the contract. the government and the air force signed the contract. and so i think it is both he's looking at. i'm sure he's being critical -- boeing will take what it can, but the government is the one that has signed the contract. just a little bit updated figures there, trump said, you know, $4 billion for the program. he's actually pretty close to that. people have been trying to add things up and the air force squarely about seeing what it is going to cost. if you look at the department of defense budget documents, you add in the development cost, the procurement cost over the next several years, you're looking at it right now,

we want boeing to make money but not that much money. >> boeing stock dropped today. it seems wall street figured out today that it will just have to continue to treat donald trump's comments as nothing more than out of control outbursts from an uninformed heckler even though he will soon be heckling from the white house. joining me from bloomberg politics and a host of studio 360. maybe if air force one's production schedule is a little faster and you could get that thing delivered, you know, during the trump presidency, might be a whole different response today. >> who knows, man. the reality here is that we're going to see this throughout the entirety of the trump administration if he believes the things he believes about trade. boeing is like every other large manufacturing company in the country. they brief in free trade. they believe in internationalism. they believe in all those things. they're going to fight with trump every time he talks about things that restrict trade and tariffs. that's a preview of what we're going to see over the next four years. >> it c

boeing, i love boeing. i think boeing is a great stock. and i will say, there was some news that came out a couple days after this tweet. i believe it was, and i could be wrong, there was a dividend increase or a buyback. >> $14 billion buyback. and increase of dividend by 30%. >> so that's part of the reason why it's up. >> f-35, 20% of lockheed sales to this point. think about the exuberance they should have had on the election. any pullback is an adjustment to a move they probably shouldn't have. by the way stocks in lockheed's case went from 180 to 280 over the course of 15 months. so these things, one, had big moves. it make sense. boeing is the one, yes, better mix of international sales that's positive. except for there's been an attack on the chinese. this is the -- a major customer. and to say that boeing isn't going to be affected by tariffs and trade wars and things when, in fact, there is one other major player. >> on both the commercial and defense parts of the business? >> i think certainly on the commercial side of the busin

it is boeing. >> unbelievably important that relationship, which is why boeing has a manufacturing plant in tianging and elsewhere in china which is why, if you look at the forecast, that boeing comes up with frequently, all the big sales in the future are going to be in china. and in addition, you've got the exem bank, the export bank, which it was a huge row over the authorization of before it was finally allowed, crucial to boeing's sales. you've got boeing with its factories across the united states, its headquarters in chicago. boeing is one of those rare companies where you can actually see boeing's effect in the national statistics on trade numbers. >> donald trump said the plane is totally out of control. it's going to be over $4 billion for this air force one program. i think it's ridiculous. i think boeing is doing a little bit of a number here. we want boeing to make money but not that much money. that's the tweet. i just read what he said to reporters this morning. is $4 billion too much? >> it's not $4 billion. we don't know what the number is. it hasn't been published yet.

boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> that was the latest estimate to complete two aircraft that would form air force one, the plane the president flies in. any plane the president flies and get that designation but we are talking specific claims boeing would be making on behalf of the president of the united states, donald trump's way of saying not interested in the stock is feeling the heat as a result. boeing keeping one eye on it stock price, put out a statement a short time ago that really did not address what donald trump was saying, we are currently under contract for $170 million to determine the capabilities of these complex military aircraft that serve the unique requirements of the president of the united states, look forward to working with the us air force on substantive phases of the program and allowing us to deliver the best claim for the president at the best value for the american taxpayer. that sounds to me like a company that is worried

boeing hit by a drop in new orders. the company will start reducing head counter by leaving open positions unfilled. it will then offer voluntary buyouts. it will turn to layoffs only as a last resort. boeing operates a large plant in delaware county. >>> stocks managed minor gains yesterday in a quiet kickoff to the preholiday trading week. right now futures pointing to a higher open. no major economic reports scheduled for today. janet yellen says the u.s. job market is the strongest it's been in nearly a decade. the federal reserve chair told graduates that the university of maryland that the prospects for college grads are particularly good. yellen said jobs created by globalization will be filled by people with college educations. while the unemployment rate has fallen to four pinterest 6 percent it's just 2.6 percent for college grads.

the president-elect suggested boeing is playing fast and loose with military budgets. >> i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. okay. thank you. >> reporter: trump today continued his search for secretary of state meet with exxonmobil ceo rex tillerson, first time he brougadened his horizon outside of politics for secretary of state. his vice president-elect insists trump is simply looking for the best person for the job. >> he's going to listen to on an ongoing basis a broad range of counselors, a broad range of candidates. i'm very confident he's going to choose a secretary of state that's going to be able to carry the trump agenda, putting america first, onto the world stage. >> reporter: as the president-elect continues his quest for a top diplomat, questions tonight over why trump took a phone call from taiwan's president last week. chinese officials complain the call broke decades of diplomatic protocol. cover governor pence said trump felt it would is been rude not to take the call. >> it was a congratulato

>> threatening boeing is one example example of that where boeing is supposed to do a new fleet of planes for a president who is not even him. so he wants to threaten this plane manufacturer from producing new air force ones which is not the right thing to do. and he is also. >> so it's -- hold on, slow down. wait, slow down. so you think that whatever boeing is charging for these two 747s, the replacements for air force one, that's a good number and it's somehow immoral to question that? is that your point? >> did i not say it's immoral to question that. >> then what's wrong with questioning it? >> is he canceling the order. that's different from canceling an order for them is a lot different than renegotiating a price. >> okay. that's -- >> am i right, tucker? >> i don't know that it is right. i don't know enough about and it i suspect you don't either and that's kind of my point. why should we, because it's never been done before say whoa, wait a second, i have never heard that before. i'm against it that's sort of we hate everything we don't understand. it's kind of an eighth grade po

i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. >> reporter: trump did not provide proof for his $4 billion claim. a boeing official says they are not sure where the president-elect got the number and that the cost for the planes is not final. it says trump faces a brewing fight with some in his own party over his proposal for a 35% tariff on u.s. companies that move their businesses overseas. >> i said we'd love to have your product. 35% tax. >> reporter: congressional republicans worrying it could spark a trade war. house speaker paul ryan signaling a broader rewrite of the tax code should be the focus. >> we think the real solution here is comprehensive across the board tax reform. >> reporter: all this as trump hits the road tonight for the second stop on his thank you tour. >> mad dog. he is great. >> reporter: holding a campaign-style rally in north carolina near fort bragg to formally roll out on stage his pick for secretary of defense, general james mattis. >>

the ceo of boeing was just saying that this deal with iran to sell the boeing jets over there that mr. trump doesn't want to happen, he's pointing out, the ceo of boeing is, that it will create thousands of jobs here in the united states, which should be music to mr. trump's ears. >> should be. and we're going to find out which of mr. trump's political agendas actually takes precedent. will it be the creation of jobs, will it be the cessation of the deal with iran? it's -- i mean, the jury is out on all of these things. but i think clearly, you know, we saw the carrier company is going to keep some jobs in the u.s., and not in mexico. and they're receiving kudos. but, you know, the ceos are doing what the stock market does. we adjust and adapt to these surprises. we've oddly and sadly been able to adjust and adapt to terrorism around the world. it's now kind of computed in and market returns don't go up or down much on acts of terror. it's sad, but it's true. so markets will figure this out. and markets will know how to react to these various tweets as they come out. it's an interesti

. >> and boeing, out with a statement. because that $4 billion number is so eye popping, making clear currently under contract for $170 million, a far cry from $4 billion, to determine the capabilities of these complex military aircraft, emphasizing obviously doing this in increments of government contracts and are stressing that they look forward to working with the u.s. air force to deliver the best planes for the president at the best value for the american taxpayer. eric, you're looking at this. this is -- some people look down and say, wow. that's a bit of a shakedown. you could also look at that and say, that's really effective. that's transactional, but really an effective way to move the bottom line here? >> i think it's fascinating he's targeting boeing specifically, because boeing is the united states largest exporter. so when we talk about the -- the possibility of trade wars. right? trump is going after china. china is a huge boeing customer. huge customer. when we talk about these in the weeds policies like ta

i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. >> the air force budgeted $2.9 billion for two new planes to be ready by the year 2022, but so far it is only awarded boeing one contract worth $170 million. president-elect trump is also focusing in on transition business today. he has a series of meetings before heading to north carolina for the next stop on his thank you tour. he holds a rally in fayetteville, north carolina, later tonight followed by stops in des moines, iowa, thursday and grand rapids, michigan, on friday. vice president-elect mike pence motorcade arrived back here in washington where some lawmakers are concerned about trump's threat to impose tariffs on goods made overseas. we get the latest from our correspondents jessica schneider outside trump tower in new york city. manu raju is on capitol hill. jessica, who are the people trump is meeting with today? what should we expect from him in north carolina later tonight? >> reporter: well, wolf, defini

we want boeing to make a lot of money, not that much money. >> reporter: all right, what does boeing have to say about that? it says in part -- and obviously josh earnest, the white house press secretary echoing that today in the gaggle aboard air force one on his way down to florida with the president. he said listen, you all know as members of the press the unique capabilities but challenges you have in riding aboard the presidential aircraft, and he was hopeful that eventually all sides could come together, liz, and agree this is a project worth taking on. the big question remains, what price? liz: like the play on words. thank you so much, kevin corke. the trump transition team is telling fox business that the president-elect emptied his portfolio of all stocks in june including boeing. we know that he once owned between 50 and 100 shares. his public attack on the publicly traded company wouldn't be a personal benefit because he sold before the stock moved higher and fell today, but just as trump tooketh this weekend, it's supposed to taketh, he has given to sprint and t-mobile.

the boeing, is there some -- i think boeing -- i thought it had a monopoly on these big planes in the united states, unless you go to a foreign source. how does he threaten them? >> generally speaking, the american president drives an american car and flies an american plane. there are lots of airplane manufacturers. boeing's biggest exert is airbus. air force one doesn't cost $4 billion. it doesn't cost anywhere close. a fully outfitted air force one, which is a very complicated plane, not just a plane. most of the electronics and the security stuff is what costs the money, about $1.7, $1.8 billion. they build two of them at a time. so donald trump saying it's $4 billion was in typical fashion something of an exaggeration. it may have been triggered by a speech given by the ceo of boeing last week, in which he rightfully voiced some concern that if donald trump gets into a trade war, particularly with china, boeing is likely to suffer from that, which is a fact. because boeing and airbus sell most of the commercial airplanes in the world. this may be donald trump taking a swipe at th

i think boeing is doing a little bit of a number. we want belling to make a lot of money, but not that much money . julie: there was a conference call to discuss this tweet and these comments. on a call withke reporters saying that the tweet shows and his comments obviously show he is focused on keeping costs down. spicer said people are frustrated with the government price tax. he did say that trump sold all his boeing stock in june. in 2013, he tweeted about buying some of that stock. spicer saying that trump sold although shares in june. mark: matteo renzi is not the only one rattled by the italian election. mario draghi also has to figure how to deal with the defeat of renzi and the resignation of the nation's prime minister. ecb couple of days, the will be to evaluate its qe program to determine the right economic path for the eu. here are some perspective from david islands. is it a given that we will see an extension from the program? david: i think we will, but the issue is how long and by how much. there are some who think i

. >>> trump tweet trips boeing. the aircraft maker is caught offguard and its stock stumbles briefly after the president-elect says cancel an order for a new air force one. how business must adjust to a new negotiator and chief. >>> the high court speaks. in a victory for prosecutors, the supreme court broadens the lines for what can constitute insider trading. >>> the biggest jobs challenge. it's not the migration of manufacturing jobs to foreign lands. it's automation, and artificial intelligence. it could kill not only factory jobs, but millions in the service economy, as well. those stories and more tonight on "nightly business report" for tuesday, december 6th. >>> good evening, everyone. and welcome. boeing finds itself in the cross-hairs. the world's largest aerospace company was the subject of a tweet by donald trump. the dow component is the sole supplier of air force one, used to transport the president of the united states around the globe. and has done so since the 1940s. but today the president-elect ha

boeing shares moving higher. in a statement boeing says it has committed to working with the president-elect and his administration to provide the best capability, deliverability and affordability across all boeing products and services to meet our national security needs a spokesperson for lockheed mart be declined to comment to cnbc. president-elect trump melt with the ceos of both companies at mar-a-lago during his vacation on wednesday. >> working overtime. >> pr teams, traders, you name it. as we discussed earlier, you know a bit about this. the f 18 from boeing, not considered up to technological speed as the f-35. that might be a challenge. >> when i was growing up, the blue angels were still flying those. i think they still are. it gives you an idea of the age of the jets. >> i'm wondering, it boeing a valid competitor here for this? is this going to be an issue that affects lockheed martin's business? >> it's all a negotiation. >>> turning to wall street, bridgewater associates looking to change the mana

this is how boeing is responding. in a statement writing we are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serves the unique requirements of the president of the united states. we look forward to working with the united states on subsequent phases of the program allowing us to deliver the best planes for the president at the best value for the american taxpayer. the question is what is going to happen next? transition officials not answering that question. they did point out the president-elect said he no longer holds stock in the company. instead of having them shipped overseas to mexico. is he able to pull off another deal? we'll have to wait and see. there is no doubt this got the attention of boeing. the white house, as well. president obama traveling today. we anticipate josh earnest will get questions about this. to put it into context the reason why they order up new aircraft is they have a life span of about 30 years. right now the plane

he says, cancel that boeing order. boeing stock is down. that accounts for about 10 points of the dow's 13 point loss at this moment. how about chipotle? take a look at that, please. they've announced-- well, the dow is down 13. look at chipotle. they've announced new board members and the stock is down 5 1/2%. the ongoing problem with chipotle, unsolved, they've not gotten over their-- what is it the e. coli scandal. they've not recovered, not at all. >> i don't know how much about this is about the new board. i was in there getting something and it was kind of a mess. you know, the first time i went into one particular place, it was clean and nice and management. the police is not being run right, which is why i understand they've not gotten the e. coli in there. it's not run the way it used to be. >> this dropped today, almost 6%, had to do with the ceo talking down guidance for next year, they're not going to earn as much next year as analysts predicted. stuart: that's a stock that has come down to earth. i want to thank everybody, todd

think about the business boeing for one does with a nation like china. how much of their inventory comes right off the line in everett, washington, and goes overseas? >> quite a lot and boeing would be greatly affected if we got into a kind of economic trade war with china which is something that seems totally plausible under donald trump. we just saw an appointment today to a key trade position where trump put in an advocate of essentially economic confrontation with china and when it comes to boeing, by the way, brian, remember that boeing has struck a deal to sell a bunch of its biggest planes to iran and there's strong opposition to that in congress and for a guy like donald trump who is a hawk on iran, not clear whether that deal is going to be able to go through so these big aerospace companies are definitely caught up in geopolitics and the future is unpredictable when it comes to donald trump, as it is on so many issues. >> kristen welker, a brief question about a "washington post" article that went up tonight that will probably get more talk int

what does this mean for boeing? we reached out to the company for a statement and they september us this. that's a strange answer. sam, this was one of -- i mean, i think trump had two big issues. build the wall and -- >> no more planes. >> and reduce costs on air force 1. >> it is amazing. trump is so good. first of all it is easy to say we are not doing the upgraded plane when you are already a plane owner. like no other president has come in with their own plane already. this plane would be built for future presidents is what the article said. this was not going to be ready in two weeks. this is for future presidents. donald trump does president want -- doesn't want this plane for the same reason he wants to change the laws. he will take advantage. >> why is the plane taking 30 years to build? somebody needs to ask that question. it is a terrific plane. >> thisy have to be careful. when you work at the boeing plant building air force 1 you have to show id and everything, right? >> 30 years to do "red eye"? >> loo

look, if the boeing contract is inflated and the president-elect and the chairman of boeing say they are going to work it out let's see what that is. i think what is happening here in terms of president-elect trump and singling out boeing for intense criticism i think is something that americans should be very wary of. >> or maybe this is donald trump just putting a warning out there to companies with big government contracts better cross your ts and dot your is because we're coming after you. >>> katy tur live outside trump tower here in new york city. we have been talking all about donald trump being named person of the year from "time" magazine and the conversation this morning where he talked about his relationship with president obama blowing my mind given that donald trump is/was the commander in chief of the birther theory. i want to share a bit of that. >> i really like him. i can't speak for him, but we have a really good chemistry together. we talk. he loves the country. he wants to do right by the country and for the country. i will tell you, we obviously very much disagre

now, amid the boeing controversy, mr. trump is meeting with advisers today at trump tower, you're looking at a live picture. a lot of people going in and out. he's still searching for a secretary of state. exxon ceo rex tillerson met him at trump tower and remains a contender. former ronald reagan attorney general edwin meese is going to join me with his predictions for trump's cabinet. and on the other side, you've got the democrats that seem to be spiraling out of control here. right now they're poised to pick a radical, left-wing extremist, keith ellison, to lead their party. has this party not learned anything from the election? the esteemed alan derek wits is here, and why ellison -- a man who has ties to the nation of islam -- is about as bad as it can get for the democratic party. but first, blake burman is joining us with the latest on the hunt for our secretary of state. blake? >> reporter: hi there, trish. it's been a busy one here at trump tower, actually a first today. you just talked about it a little bit. af

i think boeing is doing a little bit of a number. we want boeing to make a lot of currently serve as "air force one" are more than 25 years old. they are the last 747-200 series passenger jets still in use in the united states. the air force contracted with boeing last year to begin designing two or three replacements, slated for completion in 2023. mark rosenker oversaw upgrades to "air force one" after the 9/11 attacks. >> it is cheaper to buy a brand new aircraft, bring it into the 21st century, than to try to maintain an aircraft that was built in thes. >> reporter: it was unclear what triggered mr. trump's comments today, but his tweet came just 22 minutes after the "chicago tribune" posted this article, highlighting differences between mr. trump and boeing's c.e.o. when it comes to trade with china. the president-elect has also signaled a preference for his own jet, insisting last summer that "air force one is a step down in every way," though his 757 can't refuel midair or >> it's a beautiful aircraft but is not capable of sup

i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> you looked in distress. >> i am. there's no contract yet. there's an -- i've got the details here. they put out an order, there's no specific agreement for any planes. the number being talked about is $2.9 billion, so far boeing has received a contract of -- >> $2.9 billion is what's budgeted by the air force. >> yes. >> $170 million is going for exploration and research. so you've got -- i'm not saying it's fake news but what he has done is putting this figure of $4 billion, nice round number, and he's put it front and foremost in people's minds and suddenly everybody sees these planes are $2 billion each boondoggle gold plated lavatories, whatever you want to call it. and as far as i'm aware there's no contract yet to build any such plane so i'm not sure -- and anyway, boeing may lose money on these planes they're so complicated to build. >> well, unfortunately we have to stop this conversation but there's much more t

numbers are 4 billion and boeing said $0.01 million. i know there is a long-distance between 170 million and power billion. and he needs to get his facts straight. he likes to circumvent the press and he really likes the drama. and the tv show aspect of the presidency and going to be a totally different president unlike anything that we have seen. i have spoken to investors who are terrified about what will morning will bring and tweets and markets open. it is a very new game, and you saw boeing stocks react. and it will be controversial and it is what donald trump will do and perfectly clear he will not get off twitter and avoiding press conference and doing it his way. >> aaron, his approval numbers have gone you up and disapproval went down. for him that is the right direction. but in terms of tweeting and so forth. those same people say it is unpresidential and don't particularly like it. what do you make of it? >> the tweeting and consequence of intervening in this way. people who like donald trump sure, you saved american jobs at

boeing inking a massive $16 billion deal to sell dozens of jetts to iran and yes, the same boeing company donald trump blasted over the price tag of a presidential jet. details on the deal and more next. moment of truth. and now with victoza® a better moment of proof. victoza lowers my a1c and blood sugar better than the leading branded pill, which didn't get me to my goal. victoza® works with your body to lower blood sugar in three ways: in the stomach, the liver, and the pancreas. and while it isn't for weight loss, victoza® may help you lose some weight. non-insulin victoza® comes in a pen and is taken once a day. (announcer) victoza® is not recommended as the first medication to treat diabetes and is not for people with type 1 diabetes or diabetic ketoacidosis. do not take victoza® if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. stop taking victoza® and call your doctor right away if you get a lump or swelling in your neck or if you develop any alle

boeing is not the only u.s. company going into iran. it gains tens of thousands of jobs, 100,000-plus jobs if you look at what's from off of the assembly line, vendors, procurement. when i was at ubs, we did not do business with those countries that were sanctions and those that were not sanctioned we did. that's how a public company has to act. >> shouldn't there be a greater moral good, a greater moral call regardless of commerce and bottom lines and dollars? >> well the answer is yes and they're working with the u.s. government who was part of this deal. they're also using no bank financing. it's not adds if they're being finance bdd by the u.s. if president-elect trump decides to go differently like he did in that speech, that's one thing. but the secretary of defense that he's talking about, general mattis said it's unluke lick wi going to reverse the deal. >> boeing is one of the things that trump used when it came to united technologies and carrier. when you do a lot of business with the u.s. government you have more leverage. do

now frumz boeing in a deal worth nearly $17 billion. this is the biggest transition between america and iran since the 1979 revolution and the storming of the u.s. embassy in teheran. and before the revolution in 1979, america was iran's biggest trading partner by a long shot, since then there's virtually been no trade between the two president elect trump, a fierce critic of iran and groups opposed to the nuclear deal that say boeing shouldn't be making the sale to iran because it's ultimately going to help the revolutionary guard who are no friends of the united states but there's no doubt that iran really needs these planes because their aging fleet is very dangerous. >> certainly a lot to watch in the aftermath of this deal with boeing. >>> authorities now are investigating multiple explosions that rocked the weekend. in istanbul, 155 injured after a soccerer match friday night. both blasts were caught on video. the first was believed to be a car bomb and detonated as police left a soccer stadium. and another close to the stadium. t

i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> reporter: the two planes that currently serve as air force one are more than 25 years old. they are the last 747-200 series passenger jets still in use in the united states. the air force contracted with boeing last year to begin designing two or three replacements, slated for completion in 2023. mark rosenker oversaw upgrades to air force one after the 9/11 attacks. >> it is cheaper to buy a brand new aircraft, bring it into the 21st century, than to try to maintain an aircraft that was built in the 80s. >> reporter: it was unclear what triggered mr. trump's comments today, but his tweet came just 22 minutes after the "chicago tribune" posted this article, highlighting differences between mr. trump and boeing's c.e.o. whether it comes to trade with china. the president-elect has also signaled a preference for his own jet, insisting last summer that "air force one is a step down in every way," though his 757 can't refue

i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> the u.s. government ordered two new air force ones from boeing to be ready around 2024. but the military has asked the company to speed things up because defense officials say the current presidential planes are getting too expensive to repair and maintain. both have been in service since the early 1990s and have a shelf life of about 30 years. the two new air force ones are set to be updated versions of the 747. the contracts for them were initially supposed to cost about $3 billion over the course of ten years but the pricetag has reportedly been getting bigger. president-elect trump has his own plane, trump force one. a boeing 757 with golden seatbelt buckles and bedroom and flat screen tv. after the inauguration, government officials will expect him to travel in air force one loaded with communication equipment. transportation officials say he once owned stock in boeing but sold it in june along about all of the oth

more news from boeing or involving boeing. iran said it sealed the deal to buy 80 jets for about half the announced price of $16.6 billion. boeing and airbus both signed contracts to supply commercial planes to iran. these were the first deal since international sanctions were lifted under the deal to curb iran's nuclear program. we haven't heard anything from boeing in terms of the overall cost of the deal or the revenues that will accrue to the company over time from selling those planes. i'm still trying to figure out what the actual price of air force one really is. the ceo of boeing last week did say it won't be $4 billion. that's only because the president-elect said $4 billion but nobody else had ever said $4 billion. but that did come from the company itself. >> was that like a manufacturer's suggested retail price. but also does it involve service? there are other things that boeing gets over the life of a contract. very difficult to figure out what's being counted. >> and how common is it to get discounts on large bu

we have breaking news on boeing. phil lebeau is here with the news. >> interesting news especially in light of the iran air deal announced yesterday. boeing cutting production schedule of the 777 from seven per month to five per month starting in august of 2017. this is widely expected by most analysts although there are a few who thought i'm not sure they are going to cut the schedule next year. boeing has been sort of forecasting that this is likely to happen. boeing cutting production schedule fraup seven per month to five per month. by the way, they say that they anticipate the iran air order going through as part of this reduction. if that deal gets scuttled somehow look for the production schedule potentially to drop further. >> that is what i was going to ask. when you read about the iran deal are these 777s part of the planes? they through are two different types? >> there are 80 planes all together. 50 of them are 737 max and other 30 are variations of 777. >> how important stht 777 program? >> they have a n

boeing wants to charge what donald trump says $4 billion for a couple airplanes. why wouldn't these companies come forward -- can you imagine having your name on the next air force one? they should give it to them at cost. >> i think there is no doubt that there is excessive waste, do you mean c duplicative spending, plenty of areas to cut out waste. there is an article out that the pentagon buried $125 billion in administrative waste. there are clearly areas to go after, clearly places where we quite frankly are being taken advantage of. i think it's the singling out of specific businesses that have, you know, some on the right and on the left criticizing donald trump on this specifically, but i think if you look at the big picture of what donald trump wants to do with this country in terms of the economy, that is all a positive. you look at even just his recent epa choice with scott pruitt, just energy alone is an area where we could add so much growth to the gdp, bring in revenue for this country and jobs. you look at the epa that has cost us hundreds of billio

that's a boeing project as well. if you look back at what president-elect trump said a few months ago. he said we are living through the greatest job theft in if the world. finds yeah, spinning pore and mexico. it's getting worse and worse and worse. this is fascinating. he may also be after that project movement as well, richard. >> i think you are right, martha. donald trump goes out there and says this is a bad deal for the american people and as president i won't let that go through. i think this is good. to your next point, we are making our military what he response overseas is shock. and boeing should be ashamed of themselves and maybe donald trump holds them accountable. martha: that was an obama-sanged project. they believe it improves the relationship with india to have the fighter jets made in india. >> i think that's fair. i was one of the democrats against the trans-pacific trade partnership. you talk to folks in ohio or wisconsin or michigan. this is why they voted for somebody like donald trump. e feel