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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 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 12, 2024
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the question is whether the boe will shift its forecast. a bath for interest rates backed by a model on judgment that will improve communications, i think this is the area we are focused on. kriti:. plots come with criticism as it is. anna, thank you for the review at 12 u.k. time. i want to bring in someone who has been in the room, michael sanders joins me, bank of england monetary policy committee member. thank you for waking up early for us. i would like to pick up where anna left off, the idea of communicating better, could this recommendation scenario, do you think it will make that big of a difference? michael: if the question is how to deal with uncertainty around the central forecast, the bank of england has a central forecast which is a thick line and gradually diminishing intensity around that. getting wider as the horizon goes forward to bill estate uncertainty around the central path. these charts are so wide that they sort of say two or three years out anything could happen. scenarios illustrate what might happen to the econom
the question is whether the boe will shift its forecast. a bath for interest rates backed by a model on judgment that will improve communications, i think this is the area we are focused on. kriti:. plots come with criticism as it is. anna, thank you for the review at 12 u.k. time. i want to bring in someone who has been in the room, michael sanders joins me, bank of england monetary policy committee member. thank you for waking up early for us. i would like to pick up where anna left off, the...
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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 10, 2024
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boeing says that is not true. they say they have robust processes, but the allegation is out there in the stock took a dip as a result. lizzy: deliveries came in, lowest in q1 for almost three years, but a glimmer of hope in march on the order side. >> first quarter was one to forget. this was a difficult phase. numbers came in light, but not terrible. so there is hope looking forward. they've managed to stabilize. they have in a border so it is a product people want to buy. if they can maintain this, maybe there is hope for recovery. lizzy: how does it compare to airbus? >> airbus had a strong quarter. first quarter is always weaker at the russian the end of the year. first couple of months are light. but airbus looks much stronger and that is the bigger story. two companies taking diverging paths. boeing working through a series of problems. lizzy: you have to tell me afterwards which kind of land i'll be getting on. benedict, thank you for the update and the latest numbers. now bloomberg source says at least th
boeing says that is not true. they say they have robust processes, but the allegation is out there in the stock took a dip as a result. lizzy: deliveries came in, lowest in q1 for almost three years, but a glimmer of hope in march on the order side. >> first quarter was one to forget. this was a difficult phase. numbers came in light, but not terrible. so there is hope looking forward. they've managed to stabilize. they have in a border so it is a product people want to buy. if they can...
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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 10, 2024
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boeing's worries continue. the whistleblower says the comedy cut corners on the sibley of the 787 dreamliner, which may dramatically reduce the life of the plane. the outgoing ceo dave calhoun called to testify on capitol hill on april 17. sometimes we talk about a grilling and they will not get a grilling. i think this guy will get a grilling on capitol hill. annmarie: boeing has repeated shocking allegations about the failings to appoint of an appalling absent. he's worked at boeing for 10 years. he obviously was committed to this company. to come out and outlined everything going wrong, he's clearly concerned. it feels like this grilling will be more bad news for boeing. jonathan: numbers from delta. lisa: this is connected to boeing. it raises the question of whether they can deliver planes that are very much in demand. the demand is very much there. delta beating expectations. expecting quarter profit and revenue to exceed expectations even more. giving you this from ed bastian, the ceo. delta expressed --
boeing's worries continue. the whistleblower says the comedy cut corners on the sibley of the 787 dreamliner, which may dramatically reduce the life of the plane. the outgoing ceo dave calhoun called to testify on capitol hill on april 17. sometimes we talk about a grilling and they will not get a grilling. i think this guy will get a grilling on capitol hill. annmarie: boeing has repeated shocking allegations about the failings to appoint of an appalling absent. he's worked at boeing for 10...
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Apr 9, 2024
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how do we think about the first quarter relative to what has been going on with boeing? >> i think the first quarter isn't going to matter that much. they are a bit of an aberration. boeing is in the middle of these investigations from the faa and are putting together their plan for how they are going to stabilize production and improve quality going forward. we kind of knew it was going to be a light quarter. it was lighter than we expected. i think i was kind of hoping they could deliver more of the airplanes -- they have a number of airplanes in inventory already built. probably small modifications to get them to customers for the those drag financials, too. i think what really matters here is containment of cash burn during the quarter. we are going to look for them to come out of this quarter and give us a sense for what the plan is to improve production quality. at bloomberg intelligence we have them modeled for 38 a month rate on the 737 in 4q. we look for them to recover what they should have been out before the loss of the alaska airplane by the end of the year.
how do we think about the first quarter relative to what has been going on with boeing? >> i think the first quarter isn't going to matter that much. they are a bit of an aberration. boeing is in the middle of these investigations from the faa and are putting together their plan for how they are going to stabilize production and improve quality going forward. we kind of knew it was going to be a light quarter. it was lighter than we expected. i think i was kind of hoping they could...
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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 16, 2024
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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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then later, numbers for airbus and boeing deliveries. boeing has been in the spotlight for the wrong reasons, so deliveries have been slipping further behind airbus. interesting to see the gap. get a roundup of stories you need to know in today's edition of daybreak. the lead on the bullard comments on fed cuts, still three says james, but stories on blackstone and a deal to buy out the beauty skincare brand. they have ubs to attain full ownership of its china platform by swapping its holding in credit suisse with the beijing government investment. you can get those stories by going to dayb on your terminal. coming up, israeli officials signal optimism on cease fire talks, ministers threaten to bring down the government on those talks. the latest from the middle east. stay with us, this is bloomberg . ♪ ♪ lizzy: welcome back to daybreak europe. senior is really officials say progress has been made for a cease-fire in gaza including release of hostages and prisoners. it has drawn criticism from the far right who threatened to bri
then later, numbers for airbus and boeing deliveries. boeing has been in the spotlight for the wrong reasons, so deliveries have been slipping further behind airbus. interesting to see the gap. get a roundup of stories you need to know in today's edition of daybreak. the lead on the bullard comments on fed cuts, still three says james, but stories on blackstone and a deal to buy out the beauty skincare brand. they have ubs to attain full ownership of its china platform by swapping its holding...
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Apr 10, 2024
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that said, there's a very high chance that we will continue to make calls for rate cuts and the boe continuing to resist and wait until conditions warrant a certain move. haslinda: coming up, a deep dive into india's venture debt markets. keep it here with us. this is bloomberg. haslinda: welcome back to bloomberg "markets: asia." you're watching india focus. india starts trading in just under five minutes. futures point to a higher open. some individual investors in india are exploring a new and growing segment of the nation's credit market in pursuit of higher returns. our asia credit reporter joins us now. why? >> the nascent credit market of india is primarily because of the higher yields these kind of products are offering. it's a market where the debt is backed by the cash flow of bonds which have been issued by the nation's highest companies. when you compare it with the fixed deposit of similar maturity from the nation's largest lender, it is offering 7%. clearly the yield is the major driver of my these individuals are excluding the exotic corporate debt. the other reason is also beca
that said, there's a very high chance that we will continue to make calls for rate cuts and the boe continuing to resist and wait until conditions warrant a certain move. haslinda: coming up, a deep dive into india's venture debt markets. keep it here with us. this is bloomberg. haslinda: welcome back to bloomberg "markets: asia." you're watching india focus. india starts trading in just under five minutes. futures point to a higher open. some individual investors in india are...
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Apr 17, 2024
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marcus is currently seeing a first rate cut from the boe in september. we get a softer cpi print this morning. couldn't bring that forward to june? request that is under 10 minutes away from that inflation data. i want to thank you very much indeed. stay tuned for our interview with the form u.k. chancellor. plenty more coming up on bloomberg. a deep dive into the client and the pricing around the fed. stay with us. this is bloomberg. ♪ quick steel ethics, hookups, leap years, these happen every four years and in the crypto will, usually a boon for prices. in a nutshell, bitcoin harvesting means fewer new focused issue. they validate blockchain transactions receiving 50% less than a way for doing so. after because launch, minors received 50 new coins per block. that would be cut just 3.12 percent. in the past we were seeing positive gas prices spike. when the token jumped. this time around, the prospect for further gains is unclear. some analysts say there is upside of at least 80%. particularly as bitcoin already has mr. fresh records this year. that
marcus is currently seeing a first rate cut from the boe in september. we get a softer cpi print this morning. couldn't bring that forward to june? request that is under 10 minutes away from that inflation data. i want to thank you very much indeed. stay tuned for our interview with the form u.k. chancellor. plenty more coming up on bloomberg. a deep dive into the client and the pricing around the fed. stay with us. this is bloomberg. ♪ quick steel ethics, hookups, leap years, these happen...
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. ♪ ♪ haidi: boeing shares fell to the lowest in five months after the new york times reported the federal is investigating complaints about safety issues. they say up going employee alleged sections of the fuselage were not properly fastened together. the plane maker over 83 jets for the first quarter, marking its lowest deliveries since mid-2021. the majority of those plans were 737 max jets. master's ceo says the carmaker is watching issues caused by battery issues and increasing exports from china. masa hero told us that that began after the baltimore bridge collapse. >> at the moment, our operation team has been closely working with the port of baltimore and concerned entities to find out ports nearby for inbound investors. and also working for alternative ports. we have on the east coast jacksonville to minimize the delay to the customer. that is the current outlook and we will come back to the port of baltimore when operation is back on track. >> that is dealing with the finished products. are you dealing with supply chain constraints? adding supplies? >> we have a separate issue gl
. ♪ ♪ haidi: boeing shares fell to the lowest in five months after the new york times reported the federal is investigating complaints about safety issues. they say up going employee alleged sections of the fuselage were not properly fastened together. the plane maker over 83 jets for the first quarter, marking its lowest deliveries since mid-2021. the majority of those plans were 737 max jets. master's ceo says the carmaker is watching issues caused by battery issues and increasing exports...
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Apr 10, 2024
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boeing shares off by about 2% down by more than 30% year-to-date. that pain continuing today. we want to look at charter communications also hitting lows after it was put on a negative catalyst watch. currently charter communications shares down about 4%. it is a down day for the broader market as well. after we got the cpi figures for march you take a look at what's going on with the s&p 500. it's off its lows but pretty close currently down about 1% or so even worse if you take a look at big tech which tends to be more sensitive in the bond market. you take a look at the nasdaq 100 currently off by 1.1% is that selloff in the bond market continues. the 10 treasury up 13.5 basis points. it's a whisker good low 4.5%. coming up, the general adventure partners joins us with caroline hyde with ed -- with caroline hyde and ed ludlow. that does it for bloomberg markets. this is bloomberg. ♪ hanging question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money m
boeing shares off by about 2% down by more than 30% year-to-date. that pain continuing today. we want to look at charter communications also hitting lows after it was put on a negative catalyst watch. currently charter communications shares down about 4%. it is a down day for the broader market as well. after we got the cpi figures for march you take a look at what's going on with the s&p 500. it's off its lows but pretty close currently down about 1% or so even worse if you take a look at...
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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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boeings supplier taps the new ceo. the new ceo oversaw a number of quality problems and margin issues. david kelly says today's data takes the june rate cut off the table. >> the sound you heard was the door slamming on june rate cut. it's more inflation than the fed wants. they still want to normalize rates over time. i think this means they won't cut rates in june. sonali: let's get straight to the cpi numbers with michael mckee down in washington. mike, i missed you this morning. would have wanted to know your reaction when you saw that hot print. michael: i wanted to know what you did for your birthday yesterday, but in terms of my reaction, i saw the markets go negative. 0.4% for the headline in the core in a month over month basis. it pushed the core and headline numbers higher. the fed has issues they are going to have to end up dealing with here, one of which is does the fed have control over inflation? the fed stopped raising rates in july of 2023 and ever since then, progress on inflation has essentially stal
boeings supplier taps the new ceo. the new ceo oversaw a number of quality problems and margin issues. david kelly says today's data takes the june rate cut off the table. >> the sound you heard was the door slamming on june rate cut. it's more inflation than the fed wants. they still want to normalize rates over time. i think this means they won't cut rates in june. sonali: let's get straight to the cpi numbers with michael mckee down in washington. mike, i missed you this morning. would...
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Apr 11, 2024
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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...