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i mean, this latest whistle blower, he is a former engineer at boeing. yep. you know, he could have gone public with this information earlier years ago, but he did not. we know the dreamliner. it is a new plane, but it wasn't designed just yesterday. i mean, we're talking about years and years of engineering here. i mean, does this put his credibility and his motivations in, in the question? i don't think so. for the same reason i said earlier, which is we have heard reports like this for years and yes, he didn't come forward right away. but other people have come forward and i think it's important to recognize that it's not easy to come forward or just just the ones that go killed themselves. having said that bone has harassed him, i think his life is quite difficulty. realistic. the yes, boeing has been in headlines recently because their claims have problems, but they remain very, very state air plants and the company remains beloved. there's many people customers, employees who are familiar with this company are familiar with the product and they love it.
i mean, this latest whistle blower, he is a former engineer at boeing. yep. you know, he could have gone public with this information earlier years ago, but he did not. we know the dreamliner. it is a new plane, but it wasn't designed just yesterday. i mean, we're talking about years and years of engineering here. i mean, does this put his credibility and his motivations in, in the question? i don't think so. for the same reason i said earlier, which is we have heard reports like this for years...
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c. mean boeing is under scrutiny, right? now, on their nearing the end of this 3 month period that they gave them back in january to say like we're, you know, we're going to review your operations. we want you to come up with a plan for how you are going to fix it. so this is not the start of this saga. this is sort of a late breaking development in the saga. this been underway for a while now. boeing is under scrutiny, is going to have to clean up its act. let me, it's before we've been out of time, last week's incident, the southwest airlines, this jet and engine cover breaking off as the plane was taking off. what should the flying public seat mean after all? statistically flying remains the safest mode of transportation. but it doesn't feel that way. yeah. it doesn't feel that way because in the wake of these 1st 2 crashes in 2010, 2019, and then this door plug incident, we are hearing these disturbing stories. and we are sensitized to every single thing that happens becomes a new story. now that the, the paddling coming
c. mean boeing is under scrutiny, right? now, on their nearing the end of this 3 month period that they gave them back in january to say like we're, you know, we're going to review your operations. we want you to come up with a plan for how you are going to fix it. so this is not the start of this saga. this is sort of a late breaking development in the saga. this been underway for a while now. boeing is under scrutiny, is going to have to clean up its act. let me, it's before we've been out of...
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the to top dogs are boeing and airbus the chinese suppliers. also one a piece of the pie. competition is getting fiercer and fiercer. more and more people want to fly. the industry measures this in passenger kilometers, like distances, times people on board. and that adds up to a lot since 2012 passengers have logged over 5.7 trillion kilometers in the air. and the trend is increasing. only during the pandemic. was there any noticeable decline? but forecasts predict the strong growth by 2041. humans, we left sloan over 20 trillion passenger kilometers. china is going to become the largest and transport market before the end of this decade. and what that means for china or line is it is going to be something like $1200000000.00 extra passenger jr. and these per year to from and within china, in 2014 compared with where we were in $29.00 saying air traffic is growing throughout asia including in up and coming to india the, you know, you have to. ready 100000000 indians to are now classified as middle class. that is a shock because one of the crit
the to top dogs are boeing and airbus the chinese suppliers. also one a piece of the pie. competition is getting fiercer and fiercer. more and more people want to fly. the industry measures this in passenger kilometers, like distances, times people on board. and that adds up to a lot since 2012 passengers have logged over 5.7 trillion kilometers in the air. and the trend is increasing. only during the pandemic. was there any noticeable decline? but forecasts predict the strong growth by 2041....
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Apr 17, 2024
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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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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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boeing is putting profit ahead of safety and boeing needs to return to engineer ing excellence, which is what they were 20 years ago and what a lot of us thought they would become after the 348 people died in the crashes. that should have resulted in cultural changes, but has not and you now have a doj investigation in a senate hearing. >> carley: that happened in 2018 and 2019 and you represented some of the victims families then. and now more today. not a good sign when a company's safety culture is being analyzed. thank you for joining us. >> thank you, carley. >> carley: okay, remember the npr editor who called out his own outlet after liberal bias. he just got suspended without pay. >> todd: i am shocked, knock me over with a feather. and the ceo is giving clear picture of the bias inside that newsroom. knock me over with that same said feather. joe concha is here to react next. we love being outside, but the sun makes our deck and patio too hot to enjoy. now thanks to our new sunsetter retractable awning, we can select full sun or instant shade in just 60 seconds. it's 20 degree
boeing is putting profit ahead of safety and boeing needs to return to engineer ing excellence, which is what they were 20 years ago and what a lot of us thought they would become after the 348 people died in the crashes. that should have resulted in cultural changes, but has not and you now have a doj investigation in a senate hearing. >> carley: that happened in 2018 and 2019 and you represented some of the victims families then. and now more today. not a good sign when a company's...
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Apr 17, 2024
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at boeing. senators always hearing a bombshell account from a boeing engineer who blue the with one issues with the 737 dreamliner jet saying sections of the skin are not properly fastened and could bust apart. he raised questions about part of the 777 jet that he says were forced to fit, a shortcut that could turn fatal for passengers. the with the blower says boeing ignored his concerns and muzzled him from talking to experts about it. >> boeing had problems pushing pieces together, to appear the gaps don't exist even though they exist. effectively they are putting defective airplanes. later, saw people jumping on pieces of the airplane to get them to align, i was told to shut up. my boss said i would have killed someone who said what you said in a meeting. >> reporter: boeing disputes the saying we are fully confident in the 787 dreamliner because of the comprehensive work to make sure the quality and long-term safety of the aircraft, his claims about the structural integrity of the 787 are i
at boeing. senators always hearing a bombshell account from a boeing engineer who blue the with one issues with the 737 dreamliner jet saying sections of the skin are not properly fastened and could bust apart. he raised questions about part of the 777 jet that he says were forced to fit, a shortcut that could turn fatal for passengers. the with the blower says boeing ignored his concerns and muzzled him from talking to experts about it. >> boeing had problems pushing pieces together, to...
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Apr 17, 2024
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that is not a single person from boeing went to jail -- not a sigel person from boeing went to jail. >> he believes the policy that allows manufacturers to police themselves is a key part of the problem. >> the gold standard is fools gold because the only thing that is more dangerous than a dangerous environment is the illusion of a safe environment. >> the allegations land on a long troubling list. >> all the problems that we have had we put band-aid over band-aid to resolve the problems and band-aid over band-aid does not cover it. >> he says he and other whistleblowers endured professional retaliation and threats after raising concerns internally. >> you just try to escape from that because this is hell i was subjected to. >> rather than saying you have a point, we need to do something about this. they are telling you to hide it. they are threatening you. >> threatening you, sidelining you. transfer you. >> in response, boeing said retaliation is strictly prohibited. the company also said we know we have more work to do to foster a safety culture and we are taking action across ou
that is not a single person from boeing went to jail -- not a sigel person from boeing went to jail. >> he believes the policy that allows manufacturers to police themselves is a key part of the problem. >> the gold standard is fools gold because the only thing that is more dangerous than a dangerous environment is the illusion of a safe environment. >> the allegations land on a long troubling list. >> all the problems that we have had we put band-aid over band-aid to...
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Apr 17, 2024
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boeing engineer turned whistle—blower, sam salehpour, claimed boeing used short cuts to reduce bottlenecks during the assembly of its 787 dreamliner planes. he said he faced retaliation for raising safety issues. and after the threats and after this, you know, it's like, you know, it really scares me, believe me. but i am at peace. you know, if something happens to me, i am at peace because i feel like by coming forward, i will be saving a lot of lives, and i'm at peace. another boeing engineer, ed pierson, accused the plane—maker of a criminal cover up after a door blew out of a 737 max plane shortly after take—off. and a preliminary investigation revealed the door was missing four bolts. the ntsb chair reiterated to congress last week that boeing has said there are no records documenting the removal of the alaska airlines door. i'm not going to sugar—coat this. this is a criminal cover up. records do, in fact, exist. i know this because i've personally passed them to the fbi. boeing, which is one of the world's two major producers of commercial planes, insists its jets are safe. as
boeing engineer turned whistle—blower, sam salehpour, claimed boeing used short cuts to reduce bottlenecks during the assembly of its 787 dreamliner planes. he said he faced retaliation for raising safety issues. and after the threats and after this, you know, it's like, you know, it really scares me, believe me. but i am at peace. you know, if something happens to me, i am at peace because i feel like by coming forward, i will be saving a lot of lives, and i'm at peace. another boeing...
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Apr 17, 2024
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. —— boeing. he told the senate committee that a race to speed up production has led to their �*s issues with the arab plans, including small gaps between sections of the fuselage —— aeroplanes. sections of the fuselage -- aer0planes-_ sections of the fuselage -- aerolanes. , , , aeroplanes. boeing hip problems -aushin aeroplanes. boeing hip problems pushing pieces — aeroplanes. boeing hip problems pushing pieces together - aeroplanes. boeing hip problems pushing pieces together with - pushing pieces together with excessive force to make them appear that the _ excessive force to make them appear that the gaps don't exist. the gap didnt— that the gaps don't exist. the gap didn't actually go away, and this made _ didn't actually go away, and this made us — didn't actually go away, and this made us premature failure. effectively, they putting out defected aeroplanes. but there were already some comfort to know what concerns —— some concerns. a safety board investigated problems with t
. —— boeing. he told the senate committee that a race to speed up production has led to their �*s issues with the arab plans, including small gaps between sections of the fuselage —— aeroplanes. sections of the fuselage -- aer0planes-_ sections of the fuselage -- aerolanes. , , , aeroplanes. boeing hip problems -aushin aeroplanes. boeing hip problems pushing pieces — aeroplanes. boeing hip problems pushing pieces together - aeroplanes. boeing hip problems pushing pieces together...
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Apr 17, 2024
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here's tom costello with more. >> reporter: today, two hearings with boeing in the crosshairs. >> boeing is at a moment of reckoning. >> reporter: as a former faa engineer, a former boeing engineer, and a current engineer all told senators, boeing is putting production and profits ahead of safety. >> effectively they are putting out defective airplanes. >> reporter: engineer, sam salehpour, who told us boeing's 787 dreamliner has a potentially fatal flaw. >> would you put your family on a 787 right now? >> right now i would not. >> reporter: today telling senators he warned boeing the fuselage could break apart. >> i raised concerns internally. i was sidelined. i was told to shut up. >> reporter: but boeing is pushing back hard insisting it does not tolerate retaliation, and after more than 4.2 million flights, 13 years of service and extensive stress testing, it has zero evidence of airframe fatigue. today the ceo of united airlines with 70 dreamliners said he's not concerned. >> i am totally confident the 787 is a safe airplane. >> reporter: in the hearing room, relatives of the 346 pe
here's tom costello with more. >> reporter: today, two hearings with boeing in the crosshairs. >> boeing is at a moment of reckoning. >> reporter: as a former faa engineer, a former boeing engineer, and a current engineer all told senators, boeing is putting production and profits ahead of safety. >> effectively they are putting out defective airplanes. >> reporter: engineer, sam salehpour, who told us boeing's 787 dreamliner has a potentially fatal flaw. >>...
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Apr 17, 2024
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and airbus and airbus and boeing and airbus and airbus and boeing both have absolutely full order books. that is for the next seven or eight years at least, and a queue of airlines wanting to join those waiting lists. the biggest challenge for boeing is about the reputational damage, notjust the reputational damage, not just the safety reputational damage, notjust the safety aspects, which are crucial, but also about the delivery of aircraft off the production line. they are now delivering approximately eight 737 max blue a month off the production line because they have to be more zealous about checks. therefore cost was 36. at the end of the year if they continue at that pace, they will be around 200 aircraft short on the deliveries airlines are expecting from them. and those aircraft deliveries are important. john grant, deliveries are important. john grant. we _ deliveries are important. john grant, we will _ deliveries are important. john grant, we will have _ deliveries are important. john grant, we will have to - deliveries are important. john grant, we will have to leave it ther
and airbus and airbus and boeing and airbus and airbus and boeing both have absolutely full order books. that is for the next seven or eight years at least, and a queue of airlines wanting to join those waiting lists. the biggest challenge for boeing is about the reputational damage, notjust the reputational damage, not just the safety reputational damage, notjust the safety aspects, which are crucial, but also about the delivery of aircraft off the production line. they are now delivering...
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Apr 11, 2024
04/24
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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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Apr 12, 2024
04/24
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boeing enterprises. the american boeing company is in turmoil more than ever. a whistleblower has accused the manufacturer of rushing the production process, which has cost the safety of its planes. he mentioned the defects and problems in dreamliner 787 and 77 models is. the lawyers of this engineer, who has worked for boeing for 10 years, in a letter addressed to the civil aviation organization of the united states of america, expressed an alarming figure. pointed out this problem exists in thousands of airplanes currently in circulation. they wrote in this letter that our client has personally observed that boeing's quality controls ignore approximately 33% of defects, and this figure can even reach 60% in some boeing programs. according to this whistleblower, parts of the body of the boeing 787 aircraft, which are located in the front and rear of the aircraft, have been modified for assembly. even if the pressure that must be borne is 165 times more than the recommended limit, but these accusations, which boeing rejected, were raised in a situation where th
boeing enterprises. the american boeing company is in turmoil more than ever. a whistleblower has accused the manufacturer of rushing the production process, which has cost the safety of its planes. he mentioned the defects and problems in dreamliner 787 and 77 models is. the lawyers of this engineer, who has worked for boeing for 10 years, in a letter addressed to the civil aviation organization of the united states of america, expressed an alarming figure. pointed out this problem exists in...
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Apr 17, 2024
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boeing denies that's the case. the departing ceo of boeing has repeatedly said the company is focused on safety after the two fatal 737 max crashes and an incident injanuary where part of a cabin wall fell off a plane shortly after take—off. let's take a listen to what mr salehpour is telling the hearing. its proven value in airspace industries, it should be made clear this culture concept is not only for airline operations, but rather, any aerospace operation where risk of injury or death is a possibility to employees in your customer after product delivery. this is extremely important in determining an organisation's overall safety culture, as they all complement each other. to be successful, organisations may not simply choose simply one or two of these components because they are less expensive or more manageable. in addition, in aerospace, not following all for components of the safety culture or just the following all for components of the safety culture orjust the ones that have less impact, thus to appear
boeing denies that's the case. the departing ceo of boeing has repeatedly said the company is focused on safety after the two fatal 737 max crashes and an incident injanuary where part of a cabin wall fell off a plane shortly after take—off. let's take a listen to what mr salehpour is telling the hearing. its proven value in airspace industries, it should be made clear this culture concept is not only for airline operations, but rather, any aerospace operation where risk of injury or death is...
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Apr 10, 2024
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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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Apr 17, 2024
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after saturday's uranium strikes and kevin and types of boeing, the usa crops manufacturer is facing most cooked, me in congress after a string of safety related into the thank you for joining us. and he's really as striking northern guys that has targeted a group of palestinians gathering at one of the few faces they can connect to the internet. at least 7 people were killed in 20 of those injured did happened in the she had one neighborhood of guys, a c. the attempt had been set up for those trying to access the internet. communications are limited throughout the gaza strip out of sydney and often have to gather at one point where connectivity is stable is get the latest on the situation. gov and speak to honey my motors in ra, how for us in southern gaza, honey. so people in guys are continuing to be killed as they go about trying to do the most basic things. talk to us about what happened in this latest incident. the yes, what we're seeing so far and just the other from the patterns of the talks across the gaza strip, one can give a live there, do all feeds into one conclusion ri
after saturday's uranium strikes and kevin and types of boeing, the usa crops manufacturer is facing most cooked, me in congress after a string of safety related into the thank you for joining us. and he's really as striking northern guys that has targeted a group of palestinians gathering at one of the few faces they can connect to the internet. at least 7 people were killed in 20 of those injured did happened in the she had one neighborhood of guys, a c. the attempt had been set up for those...
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Apr 17, 2024
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i told coach, this is a former airline safety engineer full, boeing and ceo of s a dot com. and he says that problems at bowen has been assessed for years. in fact, there was a, an agreement with the us government in 2021 that identified a severe shortcomings with the 737 match program. and to this day, the boeing is under some investigation related to that related to the 737 max store event, january, but getting to the 2 periods today, one of them is from a committee that has been working for several months trying to understand boeing's process for certifying new aircraft because this process is very complex, that needs the expertise with a deep knowledge of the technology. was 787 has had problems when it was 1st put in the service about a decade ago. and in fact, it had been grounded for several months for an entirely different set of reasons. the allegations from this was of lower are indeed serious. and i would hope that in the hearing that's happening today that some of the facts will come to lie. and that appropriate action will be taken whether or not there was actua
i told coach, this is a former airline safety engineer full, boeing and ceo of s a dot com. and he says that problems at bowen has been assessed for years. in fact, there was a, an agreement with the us government in 2021 that identified a severe shortcomings with the 737 match program. and to this day, the boeing is under some investigation related to that related to the 737 max store event, january, but getting to the 2 periods today, one of them is from a committee that has been working for...
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Apr 11, 2024
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between the safety messaging from boeing executives versus the practice on the assembly lines? >> and you certainly saw that the issues with safety in several incidents and the ceo stepping down, boeing facing a lot of criticism and investigations at this point, gabe cohen, thank you so much for them >> all right. >> here's where futures >> stand this morning, markets took a hit yesterday after the release of new inflation numbers you can see not so great dow futures, nasdaq futures down, down, down. we're gonna get another gate look though at ppi that is coming up in the next ten or so minutes, we will bring that to you as soon as it comes in plus, it's a tradition, unlike any other. but golf fans are going to have to wait just a little bit longer. when we can expect the weather to let up at the masters, that isn't it >> sunday and ninth of space, for stoma whole story with anderson cooper, the james webb telescope. are we alone? >> followed by the two >> part finale? space shuttle columbia, both final flight sunday starting at eight on cnn with car gurus, you can by or sell y
between the safety messaging from boeing executives versus the practice on the assembly lines? >> and you certainly saw that the issues with safety in several incidents and the ceo stepping down, boeing facing a lot of criticism and investigations at this point, gabe cohen, thank you so much for them >> all right. >> here's where futures >> stand this morning, markets took a hit yesterday after the release of new inflation numbers you can see not so great dow futures,...
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Apr 17, 2024
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now boeing, boeing, and since there was no evidence of that and they 16 years at the 787 has been flying. there are about 1,100 flying worldwide i'd none launched to a crash salehpour was on nbc ahead of this hearing and he takes this accusation one step further. here is the section of that interview in which he says the 787 is at risk of falling out of the sky the plane will fall apart at the joints where the we talking about once you fall apart, you're going to descend all the way to the ground i don't really the asian administration says it's investigating this allegation. >> boeing held a press briefing on monday, but executives would not comment directly on salah pores allegations. here though, is the statement from boeing. boeing says we are fully confident in the 787 dreamliner. these claims about structural integrity of the 787 are inaccurate and do not represent the comprehensive work boeing has done to ensure the quality and long-term safety of the aircraft. remember, this is just the latest chapter in the years long saga of boeing issues to seven, max crashes in 2018 and 2019
now boeing, boeing, and since there was no evidence of that and they 16 years at the 787 has been flying. there are about 1,100 flying worldwide i'd none launched to a crash salehpour was on nbc ahead of this hearing and he takes this accusation one step further. here is the section of that interview in which he says the 787 is at risk of falling out of the sky the plane will fall apart at the joints where the we talking about once you fall apart, you're going to descend all the way to the...
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Apr 10, 2024
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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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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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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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Apr 17, 2024
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speaker's job threatened senators about to become jurors history is about to be made but what kind boeing back in the hot seat lawmakers are about to hear from a whistleblower who says assembly issues with one of their planes could be catastrophic and charged with murder. >> new details on why a man shot and killed an innocent uber driver. he believed was working with a scammer. i'm kate baldwin with john on berman, sara is out today. this is cnn news central remds, me whai ant to say is's 00 ahouse speaker mike johnson. do know where youjob is? >> will he me it till tomorrow? >> till friday tl next week? it's probably an important queson for mike joson. i might be le or death for the people of uke as the new york times ts mog, everything has to go rht for d for johnson toeep his jo a few publicans are threatening revolt.ohns has refud to step down, calling it an absurd notn. h says, we are simy hererying to do our bs with is now se as lauren fox, it' lay a tree and lauren, let' start with you and get a sense of where t things stand at 9:00 a.m. on wednesday morning for mike johnson yeah.
speaker's job threatened senators about to become jurors history is about to be made but what kind boeing back in the hot seat lawmakers are about to hear from a whistleblower who says assembly issues with one of their planes could be catastrophic and charged with murder. >> new details on why a man shot and killed an innocent uber driver. he believed was working with a scammer. i'm kate baldwin with john on berman, sara is out today. this is cnn news central remds, me whai ant to say...
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Apr 9, 2024
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light on boeing. it is already under scrutiny after the issues with the 737 max and we do have a statement from the whistleblower's lawyer, a engineer who worked on the 787 program alleging that he was moved off of the program on to the 777 and had other threat as ledging that he was threatened with termination, while working at boeing and i'll read you a portion of it. our client identified serious safety concerns and did everything possible to bring these concerns to the attention of boeing officials and they prioritied git gelling the planes to market as quickly as possible. they were paused from delivery to big customers, think american and united airlines all of boeing customers for the better part of 2022 because of issues with the fuselage. boeing has said they have closely looked at this, corrected a lot of problems, done a lot of rework on the planes and they are flying currently and without incident. >> but they're saying they know what he's talking about and if it is a threat, it is a threa
light on boeing. it is already under scrutiny after the issues with the 737 max and we do have a statement from the whistleblower's lawyer, a engineer who worked on the 787 program alleging that he was moved off of the program on to the 777 and had other threat as ledging that he was threatened with termination, while working at boeing and i'll read you a portion of it. our client identified serious safety concerns and did everything possible to bring these concerns to the attention of boeing...
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that is the safety culture at the top of the boeing company right now. >> boeing is disputing the claim , says its planes are safe, and that many of the issues raised have been subject to rigorous engineering examination under faa oversight. in a separate senate hearing this morning, lawmakers examined an faa program that allows boeing to sign off on its own work. the senate committee heard from a panel of experts they reviewed over 4000 pages of boeing documents, conducting surveys and met with boeing employees. the final report includes dozens of findings and more than 50 recommendations. >> our feeling is that while not a comprehensive set of remedies for all that ails boeing, it's at least a really good set of first steps. if they were to implement what we have recommended. >> the panel's report directs boeing to develop an action plan that includes how to comprehensively address each recommendation in the next six months. >> now imagine going to work and getting punched or kicked in the head, being spat upon or slammed against a wall. that is what the san francisco sheriff says is
that is the safety culture at the top of the boeing company right now. >> boeing is disputing the claim , says its planes are safe, and that many of the issues raised have been subject to rigorous engineering examination under faa oversight. in a separate senate hearing this morning, lawmakers examined an faa program that allows boeing to sign off on its own work. the senate committee heard from a panel of experts they reviewed over 4000 pages of boeing documents, conducting surveys and...
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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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boeing is part of the dow jones index now. as the opening bell rang this morning, boeing's stock dropped about a dollar a share. it is down more than $100 a share so far this year. the bright spot united airlines did indicate an up positive outlook for the year ahead. as we take a live look at the numbers. the dow started the day a little higher. it has fluctuated a bit up and down slightly at this hour. you can see right now up slightly. s&p 500 also maintaining a little bit of a gain. the nasdaq down a little bit this morning. so far apple is looking into sending some of its manufacturing operations from china to indonesia. apple ceo tim cook met with indonesia's president this morning in jakarta to discuss the investment possibilities. now, the tech company is seeking to diversify its supply chain away from china. the move is also part of an effort to by indonesia to bring in more manufacturing. >> i think the investor movement ability in indonesia is endless. i think that there's a lot of great places to invest and we're i
boeing is part of the dow jones index now. as the opening bell rang this morning, boeing's stock dropped about a dollar a share. it is down more than $100 a share so far this year. the bright spot united airlines did indicate an up positive outlook for the year ahead. as we take a live look at the numbers. the dow started the day a little higher. it has fluctuated a bit up and down slightly at this hour. you can see right now up slightly. s&p 500 also maintaining a little bit of a gain. the...
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so now to more models being called into question so new challenges for boeing. gabe cohen, thank you very much for that >> a judge called their actions agreed? and despicable. now, six former law enforcement officer for service will learn the sentences for torturing and beating two black men >> a >> civil war-era abortion law. now revived what it means it was for women in the state where it's taking place. and importantly, what's next in the legal fight >> sunday, a nitro space for stoma, whole story with telesce. are we alone? mes webb >>re you finding out things about the first game? galaxies that we never knew in a way, it's a time machine followed by the two part finale ospace shute columbia, the final ight bng an astronaut was always recalled account collated grass. >> humans are explorers i wish i could've done something differently. you can just make it better for those that follow sunday starting at eight on cnn there thon nice to meet you >> i'm running >> boston to make sure childbirth is safe for all moms everywhere i'm one of thousands of runners run
so now to more models being called into question so new challenges for boeing. gabe cohen, thank you very much for that >> a judge called their actions agreed? and despicable. now, six former law enforcement officer for service will learn the sentences for torturing and beating two black men >> a >> civil war-era abortion law. now revived what it means it was for women in the state where it's taking place. and importantly, what's next in the legal fight >> sunday, a...
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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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major plane suppliers like boeing and airbus are dealing with production shortages. fox's kelly saberi reports on the latest industry challenges that boeing whistleblower says that he was working on. >> the 787 team when he noticed that the company was taking shortcuts in order to produce that jet. that's when he was moved to work on the 777 model, where he says he saw the same quality issues in the production at which point his lawyers say he was threatened with job termination and physical violence. boeing's first quarter deliveries fell to their lowest since 2021, while european rival airbus rose year over year. boeing produced just 29 aircraft in march, just two more than in february and january, for a grand total of 83 jets in the first quarter. the majority of those are 737 maxs. this while airbus turned over 63 aircraft in march alone. keep in mind, the faa has set a limit on how many jets boeing can produce each month. boeing cfo brian west, defending their slow pace, saying, quote, we're deliberately going slow to get this right. we are the ones who make the
major plane suppliers like boeing and airbus are dealing with production shortages. fox's kelly saberi reports on the latest industry challenges that boeing whistleblower says that he was working on. >> the 787 team when he noticed that the company was taking shortcuts in order to produce that jet. that's when he was moved to work on the 777 model, where he says he saw the same quality issues in the production at which point his lawyers say he was threatened with job termination and...
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boeing and airbus dominate the us market. boeing's shares dropped on tuesday to their lowest point in five months. the latest us inflation figures are due to be published later, with the cpi measure of inflation expected to rise to 3.4% year—on—year — up from 3.2% in february. that may make it harder to justify rate cuts. indeed, the boss of one of the world's biggest banks has warned us interest rates could climb to 8%. jamie dimon, the head oijmorgan chase, said his bank has prepared for interest rates to jump because of "persistent inflationary pressures". but the general trend has been towards falling inflation, and the overwhelming expectation is for the federal reserve to cut rates this year. live now to martin baccardax, senior editor of thestreet.com. are you sensing that is the way it will be, there will be cuts? yes, the fed has tried to be as transparent as possible in projecting the kind of rate cuts they would like to see this year, the expectation is for three in the market bets the first will happen injun
boeing and airbus dominate the us market. boeing's shares dropped on tuesday to their lowest point in five months. the latest us inflation figures are due to be published later, with the cpi measure of inflation expected to rise to 3.4% year—on—year — up from 3.2% in february. that may make it harder to justify rate cuts. indeed, the boss of one of the world's biggest banks has warned us interest rates could climb to 8%. jamie dimon, the head oijmorgan chase, said his bank has prepared...
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Apr 16, 2024
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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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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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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 11, 2024
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>> no, i think a lot of it is boeing has become complacent. as you mentioned there is only one major competitor. it's in europe. boeing is not just funded by the airlines but one of its largest line items from military spending and space spending and government spending. so we should have accountability as taxpayers over at boeing but we should also encourage new investments in developments and that means looking at the faa who has an incredibly slow process for approval of technologies and just overhauling a lot of the regulatory regime. they need to step up and get their act together to move quicker and faster so we can have more innovation. building airplanes is expensive operation. charles: right. >> china will compete with boeing on a global level. unfortunately boeing's problems are institutionally driven. we need innovation coming from new parts of the aviation ecosystem, frankly all parts of the transportation system. charles: i got 30 seconds, quickly, anecdotally from freight traffic, things like mes of strong and seems like a dichot
>> no, i think a lot of it is boeing has become complacent. as you mentioned there is only one major competitor. it's in europe. boeing is not just funded by the airlines but one of its largest line items from military spending and space spending and government spending. so we should have accountability as taxpayers over at boeing but we should also encourage new investments in developments and that means looking at the faa who has an incredibly slow process for approval of technologies...
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and the stock of boeing is below 170. that's quite a comedown -- lauren: and boeing refutes those claims. they say it is safe. stuart: take two, video game maker. cutting jobs. market likes it. how many? lauren: 600 jobs at 5%, they need to keep cutting costs. their blockbuster, grand theft auto, the newest installment reportedly delayed. stuart: eli lilly, their weight loss drug, is it showing promise for sleep apnea treatment? lauren: this is huge. it would be the first pharmaceutical treatment for sleep apnea which 40 million americans suffer from. eli lilly released the result of two hate stage trials -- late stage trials in cults with sleep apnea, and the drugs reduced the we havety -- severity by 63%. companies like resmed that make sleep apnea machines, they're all down because this news from sepp bound is so good. stuart: how about travelers? insurance people, or obviously. they dropped 7. %. what's the problem? some. lauren: revenue from all three of their units came in below with estimates. catastrophe losses ar
and the stock of boeing is below 170. that's quite a comedown -- lauren: and boeing refutes those claims. they say it is safe. stuart: take two, video game maker. cutting jobs. market likes it. how many? lauren: 600 jobs at 5%, they need to keep cutting costs. their blockbuster, grand theft auto, the newest installment reportedly delayed. stuart: eli lilly, their weight loss drug, is it showing promise for sleep apnea treatment? lauren: this is huge. it would be the first pharmaceutical...
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Apr 9, 2024
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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 17, 2024
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does boeing have a problem mastic safety culture? well clearly this is that something that has been talked about. in fact, there was a, an agreement with the us government in 2021 that identified the severe shortcomings with the 737 max program. and to this day, the boeing is under some investigation related to that related to the 737 match door event in january. but getting to the 2 periods today, one of them is from a committee that has been working for several months trying to understand boys process for certifying new aircraft. because this process is very complex, that needs the expertise with a deep knowledge of the technology. the federal aviation administration often allows the organizations like the manufacturers to have their own employees certify that the aircraft is meeting all regulatory requirements. and this is a very serious a responsibility. and one of the difficulties is that these are people who are on the one hand working on behalf of the federal aviation administration. on the other hand, they're being paid by th
does boeing have a problem mastic safety culture? well clearly this is that something that has been talked about. in fact, there was a, an agreement with the us government in 2021 that identified the severe shortcomings with the 737 max program. and to this day, the boeing is under some investigation related to that related to the 737 match door event in january. but getting to the 2 periods today, one of them is from a committee that has been working for several months trying to understand...
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your thoughts on boeing right now? keith? i think we're looking at the end of boeing as we know it. i see the price is dropping into the 150 range. if they don't get a handle on this anecdotally, we're hearing that, you know, here in the local market, which is obviously boeing is just down the road here. we're hearing people won't want to hire boeing maintenance tech. we're hearing people getting challenged because they've worked at boeing. we're hearing anecdotally every time i fly out of paine field or seattle, i see lots of boeing aircraft on the runway, on the tarmac that are not being delivered. so public confidence is getting rattled here. i think they've got a monster opening in china that is looking at it very carefully in the global transportation market. so do you want to own stocks going into all of this? i mean, look, the market is expecting still three rate cuts keith. it may not materialize a lot of debate on that. we're going to talk coming up with jim grant who said the fed may be, you know, moving its inflation target before it's actually partaking in in three rate
your thoughts on boeing right now? keith? i think we're looking at the end of boeing as we know it. i see the price is dropping into the 150 range. if they don't get a handle on this anecdotally, we're hearing that, you know, here in the local market, which is obviously boeing is just down the road here. we're hearing people won't want to hire boeing maintenance tech. we're hearing people getting challenged because they've worked at boeing. we're hearing anecdotally every time i fly out of...