It's Jim Kramer here. You're listening to the opening bell of CNBC Squawk on the Street.

Don't miss a minute of the action.

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanee with Jim Kramer. David

Faber, the New York Stock Exchange. Futures are solid despite this notable drag from Boeing this

morning as investors continue to digest China Phase 1, USMCA, Brexit, and now some flash PMIs that mostly disappoint.

UK and France up more than a percent. Tenure 185 Empire was in line. Our roadmap this morning begins with Boeing under pressure.

Shares are down nearly 4% ahead of the bell as the company reportedly

debates cutting or halting max production. Plus IFF is merging with DuPont's bio sciences and

nutrition unit. It's a deal that will create a new consumer giant value to more than $45 billion.

IFF's CEO and DuPont's executive chairman will be joining us to discuss

the deal in just a few minutes. And record rally, the S&P and NASDAQ set to open it some new highs as

investors continue to digest China trade news. Let's start with Boeing, though, as we said,

moving lower in the pre-market, the journal is among those reporting that the company is considering

suspending or cutting production of the 737 max. In response to the story, Boeing did

issue a statement to CNBC, saying it would continue to assess production decisions based on the

timing and conditions of a return to service for the max. And as we know, guys, FAA last week

through some cold water on that return happening before you rent.

Right. And I think that this is something that some people say it's a foregoing conclusion. And that the reason why you didn't see this before was that the way that accounting works, something I think a great CFO would understand. And they have a great CFO there. That you had to state that things would be fine until they're not fine.

You literally just cannot make a conjecture against your own company's view.

So this is a more realistic view.

I believe that the cash flow will be enough to be able to sustain a dividend.

Cash flow will be enough to be able to make it so the company can work through this. But I also believe that the stock has been too high. Well, that sentence just could scare some people. You believe the cash flow will be enough to sustain the dividends. You're having that kind of a conversation about the ability to sustain the dividend. That's scary right there, isn't it? Well, I don't think so. I gotta be real. I have to be realistic. This is a very important issue. My point is though even having that as a consideration is enough to scare investors. If I take the dividend off the table, if I literally just say, you know what, don't worry about the dividend, and this dividend gets cut, I really think I'm being irresponsible.

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