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are doing that. >> i take your point that boeing is building a safe aircraft, the one that boeing had was not a safe aircraft. statistically safe incidents will happen, unfortunately in this case, nobody died or was injured in any amount that i think things happen, aviation and -- putting together complex planes highly variable is part of the manufacturing process. there will be errors, i think they will be focused on that, their focus going forward, they go for -- moving forward. as a shareholder, the change at the leadership of the company a good move. >> calhoun was going to be -- in or around the time he was going to at the -- we really focus on, going forward, boeing is a great opportunity here is a portfolio manager to earn it, the backdrop and fundamentals of the industry, travel is being set to outpace global gdp. all things being equal, we continue to do that and boeing is well-positioned to benefit. >> great to see you. >>> coming up, juicy details, we will get a little bit of insight. from a consumer facing ceo of the impact of stubborn inflation. inflation. we are back in
are doing that. >> i take your point that boeing is building a safe aircraft, the one that boeing had was not a safe aircraft. statistically safe incidents will happen, unfortunately in this case, nobody died or was injured in any amount that i think things happen, aviation and -- putting together complex planes highly variable is part of the manufacturing process. there will be errors, i think they will be focused on that, their focus going forward, they go for -- moving forward. as a...
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so boeing's statement there. keep an eye on boeing shares. we'll shift to another dow component, oil and gas giant chevron, higher by .1%. thinner premarket trading volumes. the stock could get a little help later on today as analysts at barclays initiate coverage of the company with an overweight rating. also a $203 target price. they think the stock looks attractive regardless whether the plan goes through or not and they like the company's more balanced portfolio of assets so those chevron shares in focus on the oil and gas side and we'll cap it off with a check on tesla, up roughly .5%, following up on yesterday's 2% gain we're seeing a bit of a bounce in that stock, short-term. always one of the most popular and searched stocks on our cnbc.com website. new this morning, analysts at jeffries have cut their target price on the electric vehicle giant to 165 bucks. it was 185 before. they keep their hold rating. they're citing things like shifting production propeioriti. so keep an eye on tesla shares up .5%. for those and other calls, head
so boeing's statement there. keep an eye on boeing shares. we'll shift to another dow component, oil and gas giant chevron, higher by .1%. thinner premarket trading volumes. the stock could get a little help later on today as analysts at barclays initiate coverage of the company with an overweight rating. also a $203 target price. they think the stock looks attractive regardless whether the plan goes through or not and they like the company's more balanced portfolio of assets so those chevron...
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the sector as a whole needs a strong boeing. >> the industry needs a strong boeing. we need to have competition with boeing and airbus. i'm confident that these issues will be addressed and we will see boeing to return to the numbers we expect from them. it is important that they face up to the problems that they are encountering and deal with them in an open way and move forward. >>> in related news, delta airlines is expecting bumper spring and summer demand to drive it to a record-breaking second quarter after posting its best ever first quarter as revenue jumped 6% on the year to $12.6 billion. we have arabile jouining us wit more. you wooshed in. >> i didn't. they wooshed in great numbers. first quarter saw record numbers. surprising actually. the first quarter is usually the least profitable quarter for the airlines in the united states. if you run through the numbers. adjusted earnings at $380 million. that is up 75% compared to $217 million you had a year ago. that's 45 cents a share when it comes to adjusted earnings per share. the market anticipated 36. blo
the sector as a whole needs a strong boeing. >> the industry needs a strong boeing. we need to have competition with boeing and airbus. i'm confident that these issues will be addressed and we will see boeing to return to the numbers we expect from them. it is important that they face up to the problems that they are encountering and deal with them in an open way and move forward. >>> in related news, delta airlines is expecting bumper spring and summer demand to drive it to a...
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boeing denies the claim. in a staemt adding, quote, the claims are inaccution inaccurat because of the comprehensive work done to ensure the quality and long-term safety of the aircraft. >>> there are two issues with delta. strong guidance may be too much to ask. analysts say delta is a leader in international and corporate travel but restraints could weigh on kacapacity in the comi months. joining me now with her expectations is aerospace and defense analyst at jefferies. sheila, great to see you. >> good morning. thank you very much. >>> let's start with delta. more than 20% upside on the stock. what are you seeing in the travel market that's giving you so much confidence. >> when we think about boeing, the pressuring capacity should be positive for the domestic airline industry. why is that? particularly on a 737, which is used for domestic travel versus the 787 which is the wide body for international travel, boeing is about 100 aircraft short already in the u.s.domestic market to start the year as we ori
boeing denies the claim. in a staemt adding, quote, the claims are inaccution inaccurat because of the comprehensive work done to ensure the quality and long-term safety of the aircraft. >>> there are two issues with delta. strong guidance may be too much to ask. analysts say delta is a leader in international and corporate travel but restraints could weigh on kacapacity in the comi months. joining me now with her expectations is aerospace and defense analyst at jefferies. sheila,...
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boeing has maintained there's no safety issue. joining us now is senator richard blumenthal, he's going to be leading today's hearing. we gotten a preview of what this whistle-blower is going to say, i'm curious, what are you looking for and how it contradicts what boeing is saying? >> what we'll hear today from this whistle-blower is a pattern of behavior that put profits over safety. the speed of production almost over everything else. and it's behavior described as whistle-blowers who suffered retaliation. really shockin i ing reprisals. which itself is worthy of further investigations by our committee, the faa and the department of justice and boeing at a moment of reckoning. a moment that's years in the making. it promised to be better after the plane crashes of 2018 and 2019 that killed 346 people and it's still failing. >> senator, what should the american public think as they watch this hearing today, and would you step on a boeing plane? >> not only would i do, i do step on boeing planes, and the american public should no
boeing has maintained there's no safety issue. joining us now is senator richard blumenthal, he's going to be leading today's hearing. we gotten a preview of what this whistle-blower is going to say, i'm curious, what are you looking for and how it contradicts what boeing is saying? >> what we'll hear today from this whistle-blower is a pattern of behavior that put profits over safety. the speed of production almost over everything else. and it's behavior described as whistle-blowers who...
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boeing down 13%. home depot down 12%. united health reports in a bit and that is down double digits. we are checking the bond market as treasury yields are mohoveri at the highest level in six months. we continue to watch the moves and impact on the overall markets. we are looking at energy and oil holding at $90 a barrel. brent crude is falling a few cents below the $90. wti is falling down one-third. we are looking at other commodities. gold is continuing to move higher. gold is up 15%. trading at 2,3 the $2,385 an ounce. and look at cocoa. it is up 150% for the year. >>> let's turn attention back to stocks and wall street bracing for the third down session in a row. the major averages are off the record highs. this is the fear gauge which pops to the highest level since october on fears of inflation following the hotter than expected retail sales report. to help us dig through the noise is andrew grinstead. celebrating 45 years in business with $2.5 billion in assets. good to talk to you from london. a lot going on in
boeing down 13%. home depot down 12%. united health reports in a bit and that is down double digits. we are checking the bond market as treasury yields are mohoveri at the highest level in six months. we continue to watch the moves and impact on the overall markets. we are looking at energy and oil holding at $90 a barrel. brent crude is falling a few cents below the $90. wti is falling down one-third. we are looking at other commodities. gold is continuing to move higher. gold is up 15%....
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listen. >> should boeing ground the 787 to check the gap sizes? >> i would say they need to. >> the entire fleet worldwide. >> the entire fleet worldwide as far as i'm concerned right now is they need attention. you need to check your gaps, make sure you don't have potential for premature failing. >> boeing has insisted 787 is safe and shows zero signs of fatigue and the planes have been stress-tested and the dreamliner is safe. they intended to lay out in detail its manufacturing process to refute the allegations. >>> tim cook is traveling in jakarta today. his company will look at building a manufacturing company in indonesia after meeting with its president. since 2018 it's been setting up app developer academies. this is cook's latest leg of his tour after visiting vietnam earlier this week. >>> video game company taketwo plans to cut jobs and cancel games. it's expected to save the company about $165 million a year and is also tasked with finding, quote, efficiencies across its business. efficiencies still the relevant world for many companie
listen. >> should boeing ground the 787 to check the gap sizes? >> i would say they need to. >> the entire fleet worldwide. >> the entire fleet worldwide as far as i'm concerned right now is they need attention. you need to check your gaps, make sure you don't have potential for premature failing. >> boeing has insisted 787 is safe and shows zero signs of fatigue and the planes have been stress-tested and the dreamliner is safe. they intended to lay out in detail...
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we should point out, two days ago, boeing knew that this was coming. this complaint has been lodged with the faa some time ago. they did a deep dive, a technical briefing, explaining why they believe the gaps in the fuselage, where they're brought together, are well within conformance, and they believe that there's nothing to these allegations, that these planes are safe to fly. by the way, we talked with scott kirby, ceo of united airlines. they fly more dreamliners than any other airline in the world. here's what he had to say about these allegations. >> this is an airplane, there are thousands of these airplanes, flisk for decades. millions of the flight hours. i am totally confident the 787 is a safe airplane. >> take a look at shares of united, separate from all of this, that stock is on a rip higher today, up almost 12% given better than expected results yesterday. as for boeing, it continues to languish and probably will over the next couple of weeks, because we're a ways from seeing some stabilization here, guys. >> yeah, not to mention, of cou
we should point out, two days ago, boeing knew that this was coming. this complaint has been lodged with the faa some time ago. they did a deep dive, a technical briefing, explaining why they believe the gaps in the fuselage, where they're brought together, are well within conformance, and they believe that there's nothing to these allegations, that these planes are safe to fly. by the way, we talked with scott kirby, ceo of united airlines. they fly more dreamliners than any other airline in...
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everybody wants boeing to succeed. boeing, it's important for the united states for boeing to succeed and we think the sentiment will give whoever steps into this new leadership role significant runway to execute what we think will be some of the tough decision, and ultimately reposition the company here, to benefit from what is a very strong demand environment, across both the defense and the commercial portfolio. >> ken, thanks for joining us. appreciate your time. >> great, thanks, have a great day. >>> coming up, we'll talk more about the fight in washington over aid for israel and ukraine. things like they're starting to move in congress. after a break, south dakota senator mike rounds will joining us. but first, johnson & johnson beating estimates. ceo jeff wolf joining us roonlt on the show. here he is responding to a question about whether he's as optimistic about the rest of the year as j&j's first quarter results might suggest. >> if you listen to and look at some of the clinical advancements we've had, we'll
everybody wants boeing to succeed. boeing, it's important for the united states for boeing to succeed and we think the sentiment will give whoever steps into this new leadership role significant runway to execute what we think will be some of the tough decision, and ultimately reposition the company here, to benefit from what is a very strong demand environment, across both the defense and the commercial portfolio. >> ken, thanks for joining us. appreciate your time. >> great,...
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boeing says the claims are not accurate. boeing deliveries for the last month were below half the level recorded in 2024 -- or 2023 possibly as regulatory action and increased quality checks delayed production of the 777s. >>> it has secured 107 orders for buses compared to 121 just a year ago. >>> delta ceo ed bastien, you can catch that interview at 1:10 p.m. cte. >>> tesco expects a further rise in profits from 2023. it expected operating profits of at least 2.8 billion pounds in 2024. sylvia has more, and it certainly seems very encouraging, some of the commentary coming out of tesco, seeing food inflation, coming down to low single digits later on this year. that would be great, wonuldn't it? >> a lot of positives there. that is reflective in some of the share price reaction thus far in the equity session. they are indeed suggesting that the inflationary pressures are receiving. and when it comes to their market shares, you see important numbers here. they have said that are strengthening their market share in the unite
boeing says the claims are not accurate. boeing deliveries for the last month were below half the level recorded in 2024 -- or 2023 possibly as regulatory action and increased quality checks delayed production of the 777s. >>> it has secured 107 orders for buses compared to 121 just a year ago. >>> delta ceo ed bastien, you can catch that interview at 1:10 p.m. cte. >>> tesco expects a further rise in profits from 2023. it expected operating profits of at least 2.8...
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. >> boe? >> we think maybe closer to where the fed is. june is less likely with the stronger data we have seen there. >> kiran from ubs. thank you very much for being here. >> thank you. >>> speaking of the ecb, we will switch gears. ecb kept rates on hold for the thing fifth straight meeting, but policymakers say cuts are on the way. they will look to ease policy if inflation is converging to the 2% price target. inflation across the eurozone has eased with the march print copp coming up in at 2%. speaking in frankfurt, the ecb's stournaras said it is rather moving by wages. >>> coming up on the show, ben bernancke's review comes out you later today. we will walk you through what to expect after this break. switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to sh
. >> boe? >> we think maybe closer to where the fed is. june is less likely with the stronger data we have seen there. >> kiran from ubs. thank you very much for being here. >> thank you. >>> speaking of the ecb, we will switch gears. ecb kept rates on hold for the thing fifth straight meeting, but policymakers say cuts are on the way. they will look to ease policy if inflation is converging to the 2% price target. inflation across the eurozone has eased with...
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i missed the 100 point move but boeing is still too early. >> it does go back. the reason i'm referring to, the conversation we had where you were talking about the pain and difficult things of boeing yet you hadn't chosen to sell the stock. >> you were right. i got out. i didn't make money but i got out. i have a company tonight, david, that is a little off the beaten track. it is a mushroom company. >> you got a mushroom company. >> a health care company. a little off the beaten track. >> mindmed. >> we're talking ha lewis najen eccs? >> yeah. not the kind from chatgpt. we can hallucinate chat. >> opening up new neural pathway. >> i thought it would be a nice diversion from the gloom and doom. >> you say you get to an age, a full trip, you have to have something guiding you. it can be beneficial. >> ket mien. >> maybe you and i will try that some time. not the ket a mean. get the mind guy -- >> you had a bad option today. if you don't know what you own, sell something. >> he's jim cramer you'll see him tonight on "mad money" as for us we'll stay on top of this
i missed the 100 point move but boeing is still too early. >> it does go back. the reason i'm referring to, the conversation we had where you were talking about the pain and difficult things of boeing yet you hadn't chosen to sell the stock. >> you were right. i got out. i didn't make money but i got out. i have a company tonight, david, that is a little off the beaten track. it is a mushroom company. >> you got a mushroom company. >> a health care company. a little off...
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traders now cutting their boe rate cut bets now pricing in at 34 basis cuts by december. >>> bank of england governor andrew bailey says the uk economy is disinflating at full employment, but he stressed falling inflation is working its way through. speaking of imf, bailey also addressed possible policy diversions between the bank of england and the u.s. fed. >> i think it's rather different between europe geographically now and the u.s. i think there's more demand-laden pressure that i think we're seeing. i think the inflation dynamics are different. we're still seeing an extension of the process coming out of the big supply shocks that we had, the impact of the war, the impact of coming out of covid. >>> with the latest comments from the fed, the boe, and now we look at our fed. christine lagarde said the ecb will cut rates soon barring surprises. it's steadily moving toward its target, adding that officials just need to build a bit more confidence before cutting rates. sara eisen asked the ecb president as well whether three rate cut this year is a reasonable expectation. >> i wou
traders now cutting their boe rate cut bets now pricing in at 34 basis cuts by december. >>> bank of england governor andrew bailey says the uk economy is disinflating at full employment, but he stressed falling inflation is working its way through. speaking of imf, bailey also addressed possible policy diversions between the bank of england and the u.s. fed. >> i think it's rather different between europe geographically now and the u.s. i think there's more demand-laden pressure...
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>>> and boeing, alleged whistleblower out with allegations. >>> and an audit of california's homeless programs making a discovery that every taxpayer needs to hear. >>> 2024's king maker? the secretiv
>>> and boeing, alleged whistleblower out with allegations. >>> and an audit of california's homeless programs making a discovery that every taxpayer needs to hear. >>> 2024's king maker? the secretiv
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. >>> boeing lower again today that stock on an 11-day losing streak, tying its longest downside streak on record. it still has not had an up day in april bowing's senate safety hearing scheduled for this wednesday. >>> shares of trump's made ya stock sinking 18% today. the company filing to issue millions of additional shares of stock. djt now down more than 57% this month. you have been following this -- >> i have, just because it's the most ridiculous thing, the whole structure. they filed to register shares to -- they're going to call the warrant soon they can do it as early as tuesday, so you -- if you own a warrant, you put up your 1150, you get a share of stock they registered those shares, plus, registering the shares of trump, everyone else anyone else who lent them money, who is getting shares, they just want to clear the deck for everyone to be able to sell as soon as they can it would seem. now, we would need to find out if trump gets a waiver, but they're just looking to raise cash -- >> dumb question >> not from you. >> you want to find somebody that wants to sell that sto
. >>> boeing lower again today that stock on an 11-day losing streak, tying its longest downside streak on record. it still has not had an up day in april bowing's senate safety hearing scheduled for this wednesday. >>> shares of trump's made ya stock sinking 18% today. the company filing to issue millions of additional shares of stock. djt now down more than 57% this month. you have been following this -- >> i have, just because it's the most ridiculous thing, the whole...
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ahead of that, former boe member said the u.s. will likely cut rates before europe. be sure to catch two interviews today. andy jassy joins "squawk box" at 8:30 a.m. and adam neumann joins us at 1:00 p.m. >>> and we have hotter than expected cpi report yesterday with the selloff across the board. we have bob pisani with more. >> frank, the reflation trade is back. a strong economy with earnings still strong, but inflation sticky creates a tricky narrative for investors. this is a tough environment for small-cap stocks and reits and utilities. higher rates are bad for reits. it is bad for utilities because when rates rise, treasury bonds are more attractive due to higher yields and higher rates mean increased borrowing costs for yo utilities. if utilities cannot pass on the higher costs, the equity investors have to suffer. some sectors may do well in the environment. the keys to the economy has to stay strong to prop up earnings. reflation trade means a focus on cyclical stocks, include energy, material and hospitality stocks. energy and material stocks have been ris
ahead of that, former boe member said the u.s. will likely cut rates before europe. be sure to catch two interviews today. andy jassy joins "squawk box" at 8:30 a.m. and adam neumann joins us at 1:00 p.m. >>> and we have hotter than expected cpi report yesterday with the selloff across the board. we have bob pisani with more. >> frank, the reflation trade is back. a strong economy with earnings still strong, but inflation sticky creates a tricky narrative for investors....
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. >>> a boeing whistleblower testifying on capitol hill, they're putting out defective airplanes and should stop their liner production. they need the latest
. >>> a boeing whistleblower testifying on capitol hill, they're putting out defective airplanes and should stop their liner production. they need the latest
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we'll start with boeing, stephanie link. 11 down days in a row. >> it's been a tough one for sure. it's down 32% year to date. we know the reasons why. i think this will take a really long time to play itself out because we do have new management, we're going to have a new ceo, and that will take a while for the transition. i still like the duopoly aspect of airbus. the backlog is still strong. i say it all the time, they have nine years worth of backlog of planes. they have to get it together and improving on quality long term will be very positive. you have to be patient. >> josh, why is berkshire down six days in a row? >> i think the stock has had a huge run, and they took down a lot lot of these names that i think were related to the rate cut. and having that get pushed out, i don't think it's more complicated than that. until somebody tells me otherwise, this is more of a buying opportunity than a reason to sell. >> jim, you have it, too. >> yeah, i agree. the only thing i might add to it, maybe it's the big apple position, but the stock is off what, 7.5% from its high. as jo
we'll start with boeing, stephanie link. 11 down days in a row. >> it's been a tough one for sure. it's down 32% year to date. we know the reasons why. i think this will take a really long time to play itself out because we do have new management, we're going to have a new ceo, and that will take a while for the transition. i still like the duopoly aspect of airbus. the backlog is still strong. i say it all the time, they have nine years worth of backlog of planes. they have to get it...
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we think with everything boeing is doing wrong, companies like ge, aerospace, honeywell can be beneficiaries. they're streamlining a lot of the business. aerospace is the key component to it. i think they can also be a beneficiary of restructuring, on shoring, the infrastructure play. so 2.2% dividend, big share buybacks, solid dividend growth. it's been a stalwart dog for a while, too. we're looking for something to break out a little bit. >> sold some calls in freeport. >> freeport has been unbelievable. what we're seeing in gold and freeport specifically has been fantastic. the spike in volatility the last two weeks is giving us opportunities to write premium. if you have stocks that you're invested in, that are appreciated, i would take advantage of write-in calls. we wrote a $57 strike two weeks out. an 11% premium. if the stock goes to 57 in two weeks, i'll ring the register. >> weiss? >> we're seeing the stock up for leidos today. it's one of the rare companies where it's both growing and it's also defensive. i use defensive in two senses of the word. number one, defense business is a
we think with everything boeing is doing wrong, companies like ge, aerospace, honeywell can be beneficiaries. they're streamlining a lot of the business. aerospace is the key component to it. i think they can also be a beneficiary of restructuring, on shoring, the infrastructure play. so 2.2% dividend, big share buybacks, solid dividend growth. it's been a stalwart dog for a while, too. we're looking for something to break out a little bit. >> sold some calls in freeport. >>...
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when do you think the boe will start moving considering the hawks have been falling out of the sky. >> the last meeting we got from the bank of england is a move to the dovish side. you no longer have members voting for a hike. that move will shift. you have seen the inflation come down dramatically. a year ago, no market participant was looking for cuts from the bank of england. that changed because the inflation outlook has come down. actually in the second quarter, you expect inflation to undershoot the bank of england. you could get cuts as early as june. that's what the economy is telling you. >> i don't think anyone is expecting any further hikes from the boj soon. what do you think they might do old intervention front, s skyla? we play have been getting more jaw boning from the governor there. does the break necessitate intervention or not necessarily? >> i think the struggle is the intervention which is them talking down the currency. you can have fx reserves to supporting the yield target. you can't continue selling. there is a limited amount of fx. history tells you that doe
when do you think the boe will start moving considering the hawks have been falling out of the sky. >> the last meeting we got from the bank of england is a move to the dovish side. you no longer have members voting for a hike. that move will shift. you have seen the inflation come down dramatically. a year ago, no market participant was looking for cuts from the bank of england. that changed because the inflation outlook has come down. actually in the second quarter, you expect inflation...
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boeing shares down every trading day in april. that's its longest losing streak since 2018. finally, moves in the metals. copper ticking higher, silver dropping almost half a percent and gold reversing into the red after hitting yet another all-time high today. the sprott physical gold trust is up as investors lean into the commodity. the fund offers a way to hold the physical metal. demand is so strong, people are flocking to costco. a recent wells fargo report estimating the warehouse store selling as much as $200 million worth of gold bars a month. let's bring in sprott's firm ceo. great to have you with us. >> great to be back. >> i guess costco shoppers are buying gold, but it's really central banks that are doing most of the buying. do you see the trend continuing? >> we've seen a meaningful shift, i would say, over the last 18 months or so, where central banks around the world are starting to increase their percentage of gold as part of their foreign reserves. china is clearly leading the way there. they have a voracious appetite to add more gold. we think this is par
boeing shares down every trading day in april. that's its longest losing streak since 2018. finally, moves in the metals. copper ticking higher, silver dropping almost half a percent and gold reversing into the red after hitting yet another all-time high today. the sprott physical gold trust is up as investors lean into the commodity. the fund offers a way to hold the physical metal. demand is so strong, people are flocking to costco. a recent wells fargo report estimating the warehouse store...
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boeing deliveries and airbus deliveries, they've kind of slowed. >> yeah, they have. take a look at the incredible action in rtx, greg hayes' swan song. that's thegood analog and not seeing any letdown. i remember positive with ge aerospace and really positive on all the other parts of it. i think they're really good. >> you thought vernova was your top of the three? >> i think people don't understand the power of vernova. down a lot from where it came public. the turbin numbers which david used to look at in terms of trying to figure out service revenue. remember turbin numbers? don't you remember that the tu turbin. >> turbine. not a turban, something i'm wearing on my head. yes, i did look at those numbers, jim. the awesome acquisition. >> suboptimal. >> remember when they were going to make it so it was software. >> remember what they said about that. >> industrial internet. >> remember john flannery? >> he's a red sox fan. >> a lot of deep tracks on ge this morning. market continues to kind of sit on its hands a bit ahead of cpi tomorrow. dow hovering above 5200.
boeing deliveries and airbus deliveries, they've kind of slowed. >> yeah, they have. take a look at the incredible action in rtx, greg hayes' swan song. that's thegood analog and not seeing any letdown. i remember positive with ge aerospace and really positive on all the other parts of it. i think they're really good. >> you thought vernova was your top of the three? >> i think people don't understand the power of vernova. down a lot from where it came public. the turbin...