December 7, 2016
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9:44Now PlayingTrump is acting concerned about the price tag of Air Force One. Cenk Uygur and John Iadarola, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"One of Donald Trump’s tweets has held the morning news cycle hostage, caused the stocks of a major multi-national corporation to drop and forced the United States Air Force to issue a statement defending Air Force One.
Seemingly out of the blue Tuesday morning, the president-elect tweeted a call to cancel Boeing’s contract for a new Air Force One plane:
"@realDonaldTrump:
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!"
Trump, who made a campaign promise to target “waste, fraud and abuse” in government spending, said “the plane is totally out of control.” Trump told reporters outside of Trump Tower “It’s going to be over $4 billion for Air Force One program, and I think it’s ridiculous. 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.”
Boeing stocks slipped in premarket trading after Trump’s tweet and continued to dip in early trading, falling 0.9 percent to $150.90. Trump used to own stock in Boeing, but reportedly sold all of his stock in June.
Boeing, which has supplied airplanes to the Air Force One fleet for nearly 50 years, was quick to release a statement pushing back on Trump’s claim that the two new planes that will make up the Air Force One fleet cost billions.”*
Read more here
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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