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Apr 17, 2024
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this opens the door to getting in front of what has been plaguing the boeing assembly lines. scarlet: people talk about this broken safety culture and culture is set by personnel so you need to change or personnel. we have stan retiring and there is a new head of the business, stephanie pope. she has been lauded for her performance. talk about what she needs to expand as she takes on this troubled unit. nicolas: i will say i think running the services business put her in touch with a lot of the logistics of maintaining and servicing planes. there is certainly room for the right tone which is listen to what is going on on the floor and how to these processes -- i think it is important to bear in mind that at boeing, they have a double whammy of both of their biggest assembly lines being stilled essentially before covid and then covid hitting. i would not want to have to run those assembly lines, personally, but you really have to dig deep to change behavior. i think there has been a lot of discussion about culture. i think of culture as how we do things around here. it seems l
this opens the door to getting in front of what has been plaguing the boeing assembly lines. scarlet: people talk about this broken safety culture and culture is set by personnel so you need to change or personnel. we have stan retiring and there is a new head of the business, stephanie pope. she has been lauded for her performance. talk about what she needs to expand as she takes on this troubled unit. nicolas: i will say i think running the services business put her in touch with a lot of the...
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Apr 17, 2024
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boeing under scrutiny. senators calling on safety experts to address gaps in the playmakers assembly processes. boeing executives will not be present in either gearing. the ceo expected to testify at a later date -- at a later date. talk about bad optics. lisa: they do not have the current ceo there and they are not sure who the future ceo will be. this is mostly theater at a time there are still questions around what actually happened. i am more curious about what people are questioning them about in terms of what we do not know yet given how long this has gone on and the fact that fact-finding should be number one and it is amazing we have not gone further. annmarie: you will talking -- you are talking about backward looking although senators will be looking to figure out who the next executive is. future looking, ryanair said boeing is it sick -- is taking steps to accelerate jet deliveries. they are excited they will get two or three additional planes before the end of june. important for summer travel.
boeing under scrutiny. senators calling on safety experts to address gaps in the playmakers assembly processes. boeing executives will not be present in either gearing. the ceo expected to testify at a later date -- at a later date. talk about bad optics. lisa: they do not have the current ceo there and they are not sure who the future ceo will be. this is mostly theater at a time there are still questions around what actually happened. i am more curious about what people are questioning them...
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Apr 9, 2024
04/24
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this morning, boeings ongoing issues. >> you are looking at airbus and boeing as purchasing airplanes. but you try to find the best quality, the best price, the best operating cost without the reputation of safety and consistency. you simply cannot compete. that is why everybody is worried about boeing. we have to get boeing back to the point where it produces an impeccable product. jonathan: the plane maker may not have delivered any of its 777 jets in the first three months of the year. the delays adding to the company's cash flow concerns. boeing also they sing another investigation after a 737 engine cover came apart during takeoff in denver. josh ferguson is with us with the story. what are we expecting on deliveries? george: we know it is not going to be a good delivery quarter with the faa review of their manufacturing process. we are thinking it is about 70 737s. a lot of them will come out of inventory. it may be up to triple sevens -- 777s, 787s. i think the market will look more towards earnings and see how bad cash burn was during the quarter. jonathan: can you tell me wha
this morning, boeings ongoing issues. >> you are looking at airbus and boeing as purchasing airplanes. but you try to find the best quality, the best price, the best operating cost without the reputation of safety and consistency. you simply cannot compete. that is why everybody is worried about boeing. we have to get boeing back to the point where it produces an impeccable product. jonathan: the plane maker may not have delivered any of its 777 jets in the first three months of the year....
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Apr 9, 2024
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i want to move on to what is happening on boeing. breaking news and deliveries for this particular company. trading off by .4% on boeing. besieged by issues amid a catastrophic incident in january. this is where we see the first quarter of sales for boeing be what we think is the worst we have seen all the way back to 2021. people are seeing a slowing of production of 737 maxes. they need to make sure the supply chain is ready and they are managing to ensure everything is safety first for boeing more broadly. let's dig into the story because it has a technology element. brooke sutherland is with us, i'm pleased to say. let's get to the deliveries from boeing. they are poor. we probably expected it. brooke: we did come and it is a good story, bad story for boeing. delivery numbers are not what they want them to be and what they are customers want them to be, but this is the result of the company taking the time to get to the bottom of the quality-control issues. the faa has kept going -- capped boeing's production rate. they are nowhe
i want to move on to what is happening on boeing. breaking news and deliveries for this particular company. trading off by .4% on boeing. besieged by issues amid a catastrophic incident in january. this is where we see the first quarter of sales for boeing be what we think is the worst we have seen all the way back to 2021. people are seeing a slowing of production of 737 maxes. they need to make sure the supply chain is ready and they are managing to ensure everything is safety first for...
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Apr 17, 2024
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let's turn and talk about boeing. their safety record under the microsoft dust microscope today. two congressional hearings with lawmakers set to question safety experts and a whistleblower. the global head of aviation joins us now. set the scene for us. how we got here and what we are expected to hear from lawmakers? >> a very busy afternoon this day for us here covering these two hearings. one of them kicking off as we speak. this is the one that will explore the finer points of the faa report that came out a couple months ago which was a year-long effort that looked at the safety culture at boeing and what they did wrong, what they should be looking at -- doing differently. not very flattering findings. saying there was a disconnect between management and people in terms of what to do, what sort of safety culture the company should have. we got a little bit of testimony ahead of time that sets the scene a little bit. one of the people who will speak to this said he felt in his own words the pendulum had swung too far sort of giving boeing too much authority. there's a little b
let's turn and talk about boeing. their safety record under the microsoft dust microscope today. two congressional hearings with lawmakers set to question safety experts and a whistleblower. the global head of aviation joins us now. set the scene for us. how we got here and what we are expected to hear from lawmakers? >> a very busy afternoon this day for us here covering these two hearings. one of them kicking off as we speak. this is the one that will explore the finer points of the faa...
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Apr 16, 2024
04/24
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the boe as expectations of two. the data today will help inform whether or not that is reality or realistic, i should say. speaking to the u.k.'s chancellor, jeremy hunt. joining us seven 10:00 p.m. u.k. time. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. guy: good morning from london. this is bloomberg markets today. i'm guy johnson with kriti gupta, who's in brussels this morning. anna is out today. we are less than an hour away from trading. it will be a busy morning. th
the boe as expectations of two. the data today will help inform whether or not that is reality or realistic, i should say. speaking to the u.k.'s chancellor, jeremy hunt. joining us seven 10:00 p.m. u.k. time. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. people couldn't see my...
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Apr 16, 2024
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boeing engineers are carrying out a multiyear study of the wide-body plane's structural integrity and that is in the spotlight. engineers say that they found no risk of premature failure in the 787 carbon composite body. the senate at the same time will hold a hearing tomorrow with testimony from yet another whistleblower. jonathan: the sooner that we stop hearing about that company the better for everyone, including that company. next on this program come the uncertain path to rate cuts. >> we will need to start a process at some point to bring interest rates back to a more normal level. my own view is that that process will likely start this year. jonathan: the new york fed president sitting down with mike mckee. we'll catch up with mike and get reaction from mohamed el-erian. good morning. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. jonathan: if you're just j
boeing engineers are carrying out a multiyear study of the wide-body plane's structural integrity and that is in the spotlight. engineers say that they found no risk of premature failure in the 787 carbon composite body. the senate at the same time will hold a hearing tomorrow with testimony from yet another whistleblower. jonathan: the sooner that we stop hearing about that company the better for everyone, including that company. next on this program come the uncertain path to rate cuts....
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Apr 11, 2024
04/24
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george: boj first come ecb second, boe third. we have looked at the ecb as making policy mistakes. i think they are trying to do proactive. i think they will have to ease before the fed. that is a challenge for them. to sit here and do nothing is not the right course of action. jonathan: do think there is any ability to go further beyond the june rate cut? george: at a minimum what could have been his, you want to backpedal, this could enter into an environment where central banks ease and skip meetings and try to calibrate in between. slow down the process and not changing her to every other inflation report. jonathan: 152 was the line in the sand of intervention and here we are at 153. steve said a hot print would mean fighting market fundamentals, that is a difficult intervention proposition. given where the fundamentals are and how strong the tide is against the boj, do you think they can intervene in the fx market anymore? george: the challenge is for the better part of 18 months as the fed was hiking and all of these eases were present in, in many ways the bank of japan was b
george: boj first come ecb second, boe third. we have looked at the ecb as making policy mistakes. i think they are trying to do proactive. i think they will have to ease before the fed. that is a challenge for them. to sit here and do nothing is not the right course of action. jonathan: do think there is any ability to go further beyond the june rate cut? george: at a minimum what could have been his, you want to backpedal, this could enter into an environment where central banks ease and skip...