NOMINATIONS.
WE'RE NEVER GETTING QUESTIONS
FOR US ARE PROUD OF OUR GAS YOU
CAN SEND US A TWEET USING THE
HASHTAG CHEDDAR LIVE CHECK THAT
OUT THROUGHOUT
THE SHOW.
>> OK IT'S TIME FOR THIS WEEK'S
GRAB AND GO SEGMENT BROUGHT
TO YOU BY DUNKIN IT WE'VE GOT
AN ORDER COMING UP HERE MORE
DUNCAN GO
YOUR GO TO 2 EGG AND CHEESE
WRAPS FOR 2 BUCKS TO BAGELS AND
CREAM CHEESE AFTER $4 TO BACON
EGG AND CHEESE CROISSANTS FOR 5
BUCKS AMERICA RUNS ON DUNKIN
PARTICIPATION MAY VARY AND IT
IS A LIMITED TIME OFFER
WITH EXCLUSIONS TEAM ON THIS
MONDAY MORNING TO BACON EGG AND
CHEESE CROISSANTS ARE YOU WITH
PERFECT I'M WITH YOU OKAY,
LET'S DO IT.
I'M GOING TO FEATURED ITEMS OR
YOU KNOW WHAT IS BETTER AT
ACTUALLY SOMETIMES THE
SANDWICHES AND WRAPS AND WE'LL
SCROLL DOWN TO BACON EGG AND
CHEESE 2 OF THOSE THE
CROISSANTS AND WE'LL GET THEM
ON THEIR WAY.
>> IT'S GOING TO GO GRAB THOSE
FOR US AND MAYBE WE'LL EVEN
HAVE THEM BEFORE THE END OF
THIS SEGMENT, VERY GOOD.
>> ALL RIGHT, LET'S TAKE A LOOK
NOW AT THE TOP TECH STORIES
THAT YOU NEED TO GRAB AND GO
BEFORE YOU START YOUR WEEK AT
TODAY DOES MARK A MUCH NEEDED
FRESH FOR BOEING DAVID POWELL.
AND AS
CHIEF EXECUTIVE. THE EMBATTLED
AEROSPACE COMPANY HE'S
PREVIOUSLY HELD EXECUTIVE ROLES
AT GE NIELSEN AND BLACKS DOWN
HAS BEEN ON BOEING'S BOARD FOR
THE PAST.
COMES AT A CRUCIAL TIME FOR
THE CUP MANY AS THE 7.37, MAX
DOES REMAIN AND IN WORLDWIDE
PLUS THE COMPANY'S DEALING WITH
YET ANOTHER
MESSAGE JEANS SCANDAL AND
DOCUMENTS TURNED OVER TO
LAWMAKERS EMPLOYEES APPEAR TO
MAKE FUN OF THE APPROVAL
PROCESS FOR THE 7.37 MAX AND
JOE THAT THE PLANES SHOT A
DEVELOPMENT WHO TAKES OVER FOR
DENNIS MUILENBURG WHO LEAVES
THE COMPANY WITH $62 MILLION IN
COMPENSATION AND PENSION
AND BENEFIT, BUT NO ADDITIONAL
SEVERANCE IT LOOKS LIKE HOW WHO
IS GOING TO BE PAID ABOUT A
MILLION DOLLARS A YEAR CHAM
WITH LONG-TERM COMPENSATION OF
ABOUT $27 MILLION IF HE DOES
IT ACHIEVE SEVERAL A LOT OF
MILESTONES OBVIOUSLY HE HAS 6.
BUT HE DOES REALLY NEED TO
REPAIR THE RELATIONSHIP WITH
REGULATORS, LAWMAKERS AND A LOT
OF
THESE AIRLINES.
>> IT'S A REALLY GOOD POINT
CHRIS AND EARN THE TRUST BACK
OF CONSUMERS. THAT'S INCREDIBLY
IMPORTANT CUSTOMERS NEED TO
TRUST THAT THE BOEING EQUIPMENT
OTHER FLYING ON IS SAFER IS
GOING TO BE SAFE WHEN THE
7.37 MAX GETS BACK INTO THE SKY
LOOK CALHOUN COMES FROM
BLACKSTONE WORK. HE THE SENIOR
MANAGING
DIRECTOR HAD WE'RE FULLY ALL
OPERATIONS BUT YOU MENTIONED
SOMETHING INTERESTING THAT HE'S
BEEN ON THE BOEING FORT
FOR YEARS AT THIS POINT AND
WITH SO MANY QUESTIONS RAISED
ABOUT THE COMPANY'S CULTURE,
ESPECIALLY THE END OF LAST WEEK
WITH THOSE MESSAGES THAT
WRITERS SHOWING EMPLOYEES
WOULDN'T I AM
ON THIS. THIS THING AND THEY
WOULD BE CONCERNED IF THEIR
PATH OF THEIR THEIR FAMILY
WOULD FIND IT I THINK THERE ARE
SERIOUS CULTURAL
THINGS THAT WHO HAS TO CHANGE
IN THE COMPANY'S AND I WONDER
WHAT TYPE OF QUESTIONS WILL HE
FACE GIVEN THAT
HE'S BEEN PART OF THE COMPANY
FOR 10 YEARS ALREADY RIGHT THIS
ISN'T SOMEONE BRAND-NEW COMING
IN RIGHT AND ACT ACTUALLY SO
HE'S HE'S SO HE'S OVERSAW
ON THE BOARD THE DEVELOPMENT OF
THE 7.37 MAX BECAUSE THE BOARD
APPROVES THOSE SORT
OF TIMELINE IT APPROVES IT HAS
A WEB
A ROLE IN OPERATIONS OF THE
BOARD OF THE COMPANY RIGHT SO
HE DID WAS
STILL INVOLVED.
>> AND IT IS INTERESTING
BECAUSE IT'S ACTUALLY THE BOARD
OF DIRECTORS THAT HANDED OVER
THOSE 100 PAGES LAST WEEK OF
INTERNAL MESSAGES AND SHARED
AND WITH LAWMAKERS AND A SOURCE
CLOSE TO
CALHOUN REPORT. UTLEY SAID WE
WANT EMPLOYEES TO SEE THESE
MESSAGES. YES, THEY WERE
EXCHANGE BETWEEN JUST A FEW
PEOPLE APP COMPANY BUT IT
BASICALLY WAS PUTTING EMPLOYEES
ON NOTICE IF YOU'RE GOING TO
TALK ABOUT THIS A SERIOUS
SENSITIVE TOPIC LIKE THIS WITH
YOUR CAR.
BACK TO THAT THIS IS GOING TO
BE ON THE FRONT PAGE OF THE
NEWSPAPER THAT LAWMAKERS ARE
GOING TO LOOK AT AND THAT IT
COULD BE SUBPOENAED.
>> WHY DIDN'T THE EMPLOYEES WHO
FELT THIS WAY WHY DIDN'T THEY
FEEL COMFORTABLE TELLING
THEIR SUBPOENA.
>> AND DID WRITE SOME OF THEM
DID WE DON'T KNOW ABOUT THESE
EXACT EMPLOY AND THAT I HOPE
WILL ROBERT
NAMED RIGHT I NAME RIGHT IN THE
MESSAGES THAT WERE TURNED OVER
BUT YES, EVERYONE AGREES THERE
IS A CULTURAL PROBLEM RIGHT
THERE NEEDS TO
GET FIXED.
>> WHAT ABOUT THE NEW SPEAKING
OF CULTURE STUFF, COREY, THE
FORMER CEO OF THE HIT MILLENNIA
LUGGAGE BRAND AWAY IS ACTUALLY
COMING BACK TO RUN
THE COMPANY THAT SHE CO-FOUNDED
COREY STEP A LATE LAST YEAR
AFTER HIM WILLIE'S COMPLAINED
OF A TOXIC WORKPLACE FUELED BY
HER PASSIVE AGGRESSIVE AND
HARASSING MESSAGES FIRST
REPORTED BY
TOUTING HER MORE IMMEDIATELY
APOLOGIZED NOW KOREA IS
RETURNING TO AWAY AS CO CEO
SERVING ALONGSIDE FORMER
LULULEMON EXECUTIVE
STUART HAZELDEN IT HAS ITS
FIRST DAY AT WORK TODAY, IT'S
FOR A NEW CEO MONDAY GUESS.
I WAS VERY SURPRISING.
>> YOU KNOW I WAS READING THE
NEW YORK TIMES STORY.
TO THE
STORY CORY TALKS ABOUT HOW IT
WAS THERE WAS A LOT OF PRESSURE
AND A LOT OF THE MESSAGES THAT
SHE GOT
ON TWITTER AND I GUESS SHE'S
PREGNANT. I DID I DIDN'T KNOW
UNTIL READING THIS YEAR TIMES
STORY THAT
SHE'S PREGNANT AND SOMEONE EVEN
SAID IF SHE'S GOING TO TREAT
EMPLOYEES LIKE THIS IMAGINE HOW
SHE WOULD TREAT HER BABY AND
SHE TALKED ABOUT HOW THAT WAS A
VERY VERY HURTFUL FOR.
SHE MADE THE DECISION IN
THE MOMENT, THE BOARD AGREED
WITH IT I THINK IT'S ONLY A 4
PERSON BOARD LESS THAN HALF A
DOZEN PEOPLE. BUT NOW THE BOARD
DOES SUPPORT IN THIS DECISION
TO RETURN AND SHE'S HIRED A
VERY HIGH PROFILE ATTORNEYS TO
BRING.
SUCCESSFUL. DEFAMATION LAWSUIT
AGAINST THE ROLLING STONE, IT'S
UNCLEAR AS NOW WHETHER OR NOT A
LAWSUIT WILL BE BROUGHT
AGAINST THEM URGED FOR THIS
STORY BUT SHE SAYS THAT THE
VERGE STORY WAS INACCURATE.
>> BUT IT'S SO INTERESTING
BECAUSE YOU
SORT OF DIDN'T PUSH BACK ON IT
WHEN THE VERGE STORY CAME OUT
TO COLLEGE. I IT
AND QUIT WHICH THE VERGE SAYS A
COURT IN NEW YORK TIMES SPEAK
FOR ITSELF AND SURVIVING
BROUGHT BROUGHT UP THIS IDEA
THIS THIS
LAWYER WHO SUCCESSFULLY SUED
ROLLING STONE FOR DEFAMATION
ABOUT THAT UVA STORY THAT
ALLEGED RAPE OF
A CAMPUS. UVA ENDED UP WINNING
AGAINST ROLLING STONE AH BUT.
IT ALSO SHOWS A
DISTURBING TREND. THAT WE'VE
SEEN EMERGE OVER THE LAST FEW
THINK GOT THINK ANYONE IS HILE
CHART HIRED CHARLES HARDER TO
REPRESENT THEM AND GO AFTER THE
MEDIA
INCLUDING PRESIDENT TRUMP OF
HIRING LAWYERS TO GO AFTER THE
MEDIA AFTER STORIES UP HERE
THAT DON'T MISS REALLY SEEM
FAIR. THE COMPANY I WANT TO YOU
KNOW MAKE IT DISTINCTION
BETWEEN THE ROLLING STONE STORY
BECAUSE THAT AND IT BEING
PROVEN AND FOR AH, BUT YOU
KNOW DOCTOR ARE BEING SUED OUT
OF EXISTENCE AND OTHER
INCREDIBLY WEALTHY AND POWERFUL
PEOPLE GOING AFTER
THE PUBLICATION EVEN AFTER WHAT
THEY PRINTED IS GOING TO
BE TRUE.
>> AND AGAIN WE DON'T KNOW IF
YOU GET REALLY GOOD POINT WE
DON'T KNOW IF THE LAWSUIT IS
GOING TO COM RIGHT ON OUT OF
IT. BUT YOU KNOW WITH
THE COAST CEO ROLE NOW AND THEY
SAY THAT AT LEAST THIS WAS A
TRANSITION THAT WAS IN THE
WORKS IN JUST A LITTLE BIT
ROCKY IN BUMPY. OBVIOUSLY
TO THIS.
>> LOOK I THINK IT'S A TERRIBLE
RECRUITING STRATEGY TO DO THIS
IT'S GOING TO BE TOUGH TO FIND
TALENT TO WORK AT THE COMPANY.
AFTER THIS EMERGE, BUT LOOK AT
THE THINK IT'S RIGHT NOW THEN
YOU KNOW PERHAPS ON TO
SOMETHING.
>> ANOTHER STORY WE'RE
FOLLOWING HERE MATTRESS STARTUP
HAVE.
THE FILING FOR AN IPO ON
FRIDAY.
AH WHAT A FILING
THAT IS THE COMPANY RECORDED
MILLION IN REVENUE IN THE FIRST
9 MONTHS OF LAST YEAR THAT'S UP
20% FROM THE SAME TIME A
YEAR AGO. BUT ITS LOSSES ARE
ALSO GROWING TOTALING MORE
THAN $67 MILLION DURING THE
SAME PERIOD OF THE
DIRECT-TO-CONSUMER MATTRESS
COMPANY HAS MOVED BEYOND
MATTRESSES THE CHOPPER SHEETS
BED, FRAMES AND BEDSIDE LIGHTS
AND IT IS A CONVENIENT
CERTAINLY HERE HERE IN NEW YORK
CITY BECAUSE OF WHAT YOU'RE
SEEING ON CAMERA THERE THE BED
IN A BOX, THE PHENOMENON YOU
YEAH WE CAN GET
OR ANYWHERE ELSE WHERE THERE'S
AN APARTMENT AND IT JUST.
IT'S VERY CONVENIENT. I SAID IS
COMEDIAN,
BUT LOOK.
>> THERE ARE HUNDREDS OF
COMPETITORS THE CASPER AT THIS
POINT OK THERE ARE AT LEAST
200 THE BETTORS THAT'S
ACCORDING TO THE GUYS THAT
MARKET SNACKS, LET'S GO THROUGH
SOME OF THESE NUMBERS HERE
BECAUSE WHAT I SEE THIS AS ONE
I THINK OF HIS
BLUE APRON THIS IS A COMPANY
THAT HAS HUNDREDS OF
COMPETITORS, YES, IT SORT OF
CREATED THE CATEGORY AND SPAWN
LOTS
OF COMPETITION, BUT IT'S
SPENDING MASSIVELY ON MARKETING
FROM 2016 SEPTEMBER 30TH OF
2019 THE
COMPANY SPENT NEARLY HALF A
BILLION DOLLARS ON MARKETING
AND AS YOU MENTIONED KRISTIE
LOST 10'S OF MILLIONS OF
DOLLARS IN 2019 ALONE.
THERE ARE
AND THEN ALSO THE LAST $18
MILLION IN 2019 ABOUT A 4TH OF
THE REVENUE AND JUST ON
RETURNS.
BRINGING MATTRESSES BACK YES
THAT'S THAT'S MASSIVE.
>> IT IS MASSIVE IT'S THAT AT
MILLION ON
MARKETING SINCE THAT HOT START
OF 2016 AND THAT SIMILAR TO
SOME OF THESE STARTUPS THAT
WE'VE SEEN THAT TRY TO TAP
THE PUBLIC MARKETS BUT TO THESE
MARKETING COSTS BECOME VERY
CALM.
>> LIKE AND IT GOES TO SHOW
THAT THEY CAN KEEP AND RETAIN
AND EVEN BRING ON NEW
CUSTOMERS DESPITE HEAVILY
SPENDING TO OBTAIN
THOSE CONSUMERS.
>> RIGHT, IT'S IT'S IT'S IT'S
IT'S ALSO THE THAT $80 MILLION
FIGURE THAT I MENTIONED IT'S
NOT JUST PEOPLE RETURNING A
PUNT ON THE INCENTIVES AS THEY
GO AND TRY TO BATTLE THE TOP TO
THE PEOPLE ARE BUYING A NEW
MATTRESS WHAT EVERY 7 TO 10
YEARS OR SO AND IT'S GOING TO
BE TOUGH IT'S GOING TO BE
REALLY TOUGH SELL IN PUBLIC.
A STRONG GLOBAL AUTO MARKET IS
NOT TRANSLATING TO AT LEAST ONE
MAJOR AMERICAN CAR MAKER FORD
SAYS SALES FELL FOR THE 3RD
YEAR IN
A ROW IN CHINA, THIS BY 26%
THE DETROIT BASED COMPANY NOW
SELLING LESS THAN HALF OF THE
VEHICLES IT WAS SELLING AT ITS
PEAK IN 20
16 IN CHINA, IT'S NOT LIKELY TO
CHANGE ANYTIME SOON FOR EXPECTS
THIS TREND TO CONTINUE IN 2020
THE AUTOMAKER PLANS TO LAUNCH
MORE THAN 30 NEW CARS IN CHINA
OVER THE NEXT 3 YEARS. MORE
THAN A 3RD OF THEM WILL BE
ELECTRIC.
>> THAT'S BELIEVE IT OR A LOT
OF CARS MAKERS IN EUROPE,
GERMANY AND ADDICTION EVEN
JAPANESE BRANDS HAVE GAY THE
MORE MOMENTUM IN
CHINA BECAUSE AS THE MISSIONS
AS STANDARDS ARE SO MUCH
STRICTER AND EVEN FOR CHINESE
COMPANIES, SOME OF THEM HAVE A
HARD TIME. I'M MEETING THOSE
STANDARDS US COMPANIES
OBVIOUSLY HAVE HAD A HARD TIME
MEETING THE STANDARDS THERE ARE
AMPLE COMPETITORS IN CHINA TO
A COMPANY. LIKE A FOR THAT HAS
BEEN SLOWER THAN OTHER ENTRANCE
TO MOVE INTO ELECTRIC VEHICLES.
BUT EVEN THOUGH CHINA'S AUTO
MARKET RIGHT THAT THAT'S
ANOTHER ELEMENT OF THIS RORY IT
HAD BEEN GROWING FOR DECADES.
BUT OVER THE PAST YEAR AND A
HALF.
HAS ACTUALLY CONTRACT TO DO AN
ECONOMIC DOWNTURN THAT HAS HER
CONSUMER A MAN AND THEN YOU ADD
ON TOP OF THAT THOSE TOP
EMISSION STANDARDS AND IT IS
HARD FOR THESE COMPANIES TO DO
WELL.
>> COMES A TIME WHEN INVESTORS
ARE INCREDIBLY BULLISH ON TESLA
WHAT TESLA WILL DO
IN CHINA. AND LOOK I MEAN I
THAT REMAINS TO BE SEEN AND
TEST US TO SUNSHINE OBVIOUSLY
REMAINS TO
BE SEEN. BUT OBVIOUSLY
INVESTORS ARE NOT THINKING THAT
FORD'S ROLE IN CHINA OR TOWARDS
PERFORM IT'S KIND OF LAST
YEAR'S ANY SORT OF CANARY IN
THE COAL MINE FOR US.
>> O ALL WELL, LET'S TALK ABOUT
SOME OTHER EARNINGS THAT WE'RE
GOING TO BE WATCHING AD THAT
SEASON. IT DOES TAKE INTO HIGH
GEAR EARNING SEASON THIS
WEEKEND FIRST ARE ALL OF THE
BIG DAYS WE'RE GOING TO GET
REPORTS FROM JP MORGAN.
GOLDMAN SACHS BANK OF AMERICA.
MORGAN STANLEY AND CITIGROUP
AND AND EXPECTING THIS RESULT
SAYS LOWER INTEREST RATES.
DO YOU OFFSET HIGHER
TRADING REVENUE, GOLDMAN SACHS
WILL BE PARTICULARLY IN FOCUS
AS THE BANK IS GOING RELEASED
NEW DETAILS ABOUT HOW AND WHERE
AND
MAKES MONEY AND THE SHOW OF
TRANSPARENCY AND HOPES TO WIN
OVER SKEPTICAL INVESTORS AND
THE STOCK PRICE THAT HAS BEEN
STUCK
IN NEUTRAL. WELL FOR A LITTLE
OVER A YEAR NOW BOMB ATTACKS
HAVE A BRAND NEW CEO. DAVID
SOLOMON WHO'S BEEN WITH THE
COMPANY FOR A LONG TIME THE
JAYS ON THE WEEKEND TRIES TO
YOU KNOW.
I SAY BLEND IN NO OR AT LEAST
RELATE.
A YOUNGER AT CRAFT OF BANKERS
THAT ARE CALM IN IT TO THE
OFFICES IN TRYING TO
KEEP THEM AND RETAIN THEM RIGHT
THAT'S BEEN THE MOST
CHALLENGING THING FOR THESE
BANKS, EVEN THOUGH MANY OF THEM
HAVE HAD TO GO THROUGH COST
CUTTING EFFORTS JUST TO STAY
AFLOAT IN THIS LOW INTEREST
RATE ENVIRONMENT. ALL RIGHT
THAT IS GOING TO DO IT FOR THIS
WEEK'S AND GOVERNOR A MINOR
ABOUT THAT SPECIAL OFFER FOR
SHOULD OUR VIEWERS YOU CAN HEAD
OVER TO DUNKIN DONUTS DOT COM.
YEAH EYEING UP THANK YOU CHRIS.