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How Boeing's 737 MAX Troubles Ripple Through the Industry

  • How Boeing's 737 MAX Troubles Ripple Through the Industry How Boeing's 737 MAX Troubles Ripple Through the Industry 4:36
    Why the Agency That Regulates Boeing Is Under Scrutiny Why the Agency That Regulates Boeing Is Under Scrutiny 8:58
    Boeing: 'The 737 Is a Safe Airplane' Boeing: 'The 737 Is a Safe Airplane' 0:44
    FAA on Boeing: 'We'll Go Wherever the Facts Lead Us' FAA on Boeing: 'We'll Go Wherever the Facts Lead Us' 2:16
12:33 p.m. Aug. 17, 2019 - By Jurica Dujmovic
SpaceX is staking its future on this one rocket as it prepares for Mars The Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonizationThe Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonization.
6:51 a.m. Aug. 17, 2019 - By Chris Matthews
These 10 ‘grey swan’ events could conspire to imperil global economy and markets With all eyes on U.S.-China trade, these macro risks are underexaminedEven as high-probability risks capture the minds of investors, there is a growing combination of lower-probability risks, that could create even more heartburn for investors as the third quarter draws to a close.
5:32 a.m. Aug. 17, 2019 - By Tonya Garcia
Walmart CEO calls for discussion on reauthorizing the ban on assault rifles Walmart is not one of the top three gun sellers in the country, CEO McMillon said, and has about 20% share of the ammunition marketDoug McMillion, Walmart’s chief executive, addressed gun policy in his remarks about the retail giant’s quarterly earnings.
7:29 a.m. Aug. 16, 2019 - Associated Press
Man who lost lone family member, his wife, in El Paso mass shooting invites all to Friday funeral Overflow crowd expected“He felt like he was going to kind of just be by himself with this whole thing but it’s not so — it’s going to be amazing,” Perches Funeral Homes director Harrison Johnson told the Associated Press on Thursday.
4:47 a.m. Aug. 16, 2019 - Associated Press
New York police: Suspicious devices at Fulton Street subway station aren’t explosiveTwo suspicious objects that prompted an evacuation of a major lower Manhattan subway station during the morning commute Friday are not explosives, police said.
3:47 p.m. Aug. 15, 2019 - Associated Press
Virgin Galactic unveils its New Mexico base for space tourism Test flights still needed before first commercial flights beginSpaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert.
9:18 a.m. Aug. 15, 2019 - Associated Press
Netanyahu government bars Israel trip by U.S. Reps. Ilhan Omar and Rashida Tlaib Tlaib’s family immigrated to the U.S. from the West BankJust minutes after President Donald Trump tweeted that Israel should bar a planned visit by Democratic Reps. Ilhan Omar and Rashida Tlaib, Israel’s deputy foreign minister said the government has decided not to admit the congresswomen to the country for an upcoming conference.
2:11 p.m. Aug. 13, 2019 - Associated Press
Norwegian Air cutting some trans-Atlantic routes due to 737 Max grounding Flights between Ireland, 3 airports in U.S. and Canada to end in SeptemberNorwegian Air says it’s ending trans-Atlantic service between Ireland and three U.S. and Canadian airports because the grounding of Boeing 737 Max aircraft makes the routes “no longer commercially viable.”
8:33 a.m. Aug. 12, 2019 - Associated Press
State Department hiring freeze under Trump harms morale and capacity to perform core functions: internal watchdog Inspector general’s report unable to assess whether the freeze saved moneyA 2017 Trump administration hiring freeze at the State Department had devastating effects, hurting core functions such as providing services to U.S. citizens abroad and protecting embassies, the agency’s internal watchdog said Friday.
7:26 a.m. Aug. 12, 2019 - By Catey Hill
‘Why go back to the U.S.?’ This divorced retiree left L.A. for Mexico — where he found love and halved his cost of living The costs, health care, safety and lifestyle in the central Mexican city QuerétaroThe costs, health care, safety and lifestyle in Queretaro, Mexico.
8:03 a.m. Aug. 9, 2019 - By Andrea Riquier
Industrial ETFs take it on the chin Friday as trade tensions heat upExchange-traded funds with exposure to industrial company stocks slid on Friday after President Trump suggested he might cancel trade talks scheduled for September. The Vanguard Industrials ETF was down 1.40% midday, while the SPDR S&P Aerospace and Defense fund lost more than 1.7%. Industrial stocks like Caterpillar and Lockheed Martin Corporation also lurched lower on Friday. Both funds are up handily so far this year, however: VIS has gained nearly 18%, and XAR is up 33%, beating the 12% gain on the Dow Jones Industrial Average and the 16% rise in the S&P 500 .
3:11 a.m. Aug. 9, 2019 - By Tomi Kilgore
Vista Outdoor’s stock plunges to record low as firearms sales were ‘terrible’ Results miss expectations and outlook is lowered as demand fails to stabilize, tariff headwinds set to increaseShares of Vista Outdoor Inc. took a dive to a record low Thursday, as a “frankly terrible” firearms market led to disappointing fiscal first-quarter results and a lowered full-year outlook, dashing hopes that demand was finally stabilizing.
8:45 a.m. Aug. 6, 2019 - By Nicole Lyn Pesce
A New York Times column says Walmart’s CEO has a ‘moral responsibility’ to curb gun violence after El Paso and Dayton shootings A corporate Walmart employee also urged workers to go on strike Tuesday to pressure the retailer to stop selling gunsA corporate Walmart employee also urged workers to go on strike Tuesday to pressure the retailer to stop selling guns.
10:56 a.m. Aug. 5, 2019 - By Robert Schroeder
Trump contends China is manipulating currency and says U.S. must condemn white supremacy with ‘one voice’ Trump suggests pairing gun and immigration legislationPresident Donald Trump on Monday called for action in the wake of the deadly weekend shootings in Ohio and Texas and said China was manipulating its currency as markets plummeted.
9:06 a.m. Aug. 5, 2019 - By Shawn Langlois
Trump asks God’s blessing on shooting victims in ... Toledo Joe Biden also bungled the locations of the weekend’s mass shootingsTrump’s prepared speech mistakenly referred to Toledo, not Dayton, as the location of one of the two deadly mass shootings over the weekend. Joe Biden didn’t get it right either.
8:21 a.m. Aug. 5, 2019 - By Tomi Kilgore
Gun stocks surge after President Trump tweets about tightening regulations Stock rallies buck the selloff in the broader stock market, as fears of stronger background checks overshadow trade-war concernsShares of shooting sports companies surged Monday, bucking the sharp selloff in the broader stock market, after President Trump tweeted about pushing for stronger background checks for gun buyers in the wake of the tragic events over the weekend.
4:42 a.m. Aug. 5, 2019 - By Paul Brandus
Gun industry’s woes are accelerating on Trump’s watch Even as U.S. stocks trade near all-time highs, one industry has taken it on the chin in the Trump era: gun manufacturers.
7:27 a.m. Aug. 4, 2019 - By Dennis Friedman
10 things I wish I knew about retirement before I retired Unexpected events and expenses can derail the best-laid plans Unexpected events and expenses can derail the best-laid plans
6:08 a.m. Aug. 4, 2019 - Associated Press
El Paso native Beto O’Rourke at fore as Democrats call for gun control after mall shooting As death count hits 20, police investigate possibility the shooting was a hate crime; 21-year-old suspect Patrick Crusius had reportedly referenced racial ‘replacement theory’ As death count hits 20, police investigate possibility the shooting was a hate crime: 21-year-old suspect Patrick Crusius had reportedly referenced racial ‘replacement theory.’
6:00 a.m. Aug. 4, 2019 - Associated Press
Dayton mayor says quick police action kept bar shooting’s death toll from reaching ‘hundreds’ Alleged gunman carrying a .223-caliber rifle and additional high-capacity magazines shot to death by police at sceneAlleged gunman carrying a .223-caliber rifle and additional high-capacity magazines shot to death by police at scene.
9:17 a.m. Aug. 2, 2019 - By Victor Reklaitis
Trump signs spending and debt bill into lawPresident Donald Trump on Friday signed into law a bill that raises federal spending and at the same time lift the government's borrowing limit, the White House said. was the result of weeks of negotiations between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. It suspends the debt ceiling until the end of July 2021 and sets spending levels roughly $320 billion above limits set in a 2011 law.
9:11 a.m. Aug. 1, 2019 - By Andrew Duehren
Spending deal clears Senate, set to get Trump’s signature Legislation passes in 67-28 vote, with more Democrats backing it than RepublicansA two-year agreement to raise federal spending and at the same time lift the government’s borrowing limit will go to the president’s desk after it passed the Senate with more Democrats voting for it than Republicans.
2:40 a.m. Aug. 1, 2019 - Associated Press
North Korea says it tested crucial new rocket launch systemNorth Korea said Thursday leader Kim Jong Un supervised the first test firing of a new multiple rocket launcher system that could potentially enhance its ability to strike targets in South Korea and U.S. military bases there.
3:37 a.m. July 31, 2019 - By Andrew Tangel
FAA found high risk of additional cockpit emergencies after first Boeing MAX crash Regulators found it ‘didn’t take that much’ for a malfunction like the one confronted by the plane’s pilotsAn internal risk analysis after the first of two Boeing 737 MAX airliner crashes showed the likelihood was high of a similar cockpit emergency within months, according to a Federal Aviation Administration official familiar with the details and others briefed on the matter.
1:00 p.m. July 30, 2019 - By Sunny Oh
Global U.S. companies see strong earnings so far—once you rule out Boeing Companies that receive 50% of revenues from abroad saw earnings grow by 7.5% in the second-quarterAmerican multinational companies, excluding Boeing, are posting strong earnings growth in the second-quarter, says BAML.
2:28 a.m. July 30, 2019 - By Steve Goldstein
Air Canada to keep Boeing 737 Max out of schedule until at least 2020Air Canada said it will be removing the grounded Boeing 737 MAX from its schedule until at least Jan. 2020, though it held out the prospect of returning the plane to its fleet earlier as a replacement or backups. Third-quarter capacity is projected to fall 2% instead of rising by 3% as planned. Air Canada also said that it swung to a second-quarter profit of $343 million, or $1.26 a share, and a rise in EBITDA to $916 million from $739 million.
3:55 p.m. July 29, 2019 - Associated Press
Senate fails to override Trump’s veto on Saudi arms sale Meanwhile, House report reveals Trump friend Tom Barrack sought job in administration as he lobbied for Saudi nuclear planThe Senate failed Monday in a bid to override a trio of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates.
12:42 p.m. July 29, 2019 - By Chris Matthews
Dow logs small gain but S&P 500, Nasdaq retreat from records ahead of Fed meeting Pfizer and Mylan announce off-patent drug combinationStocks finish mixed on Monday, with declines in the financials and communication-discretionary sector preventing the S&P 500 and Nasdaq from scoring fresh record closes.
5:52 a.m. July 28, 2019 - By Philip van Doorn
Dozens of Dividend Aristocrat stock have been big winners in 2019 Few of them have declined, as low interest rates have made them more attractiveFew of them have declined, as low interest rates have made them more attractive.
4:40 a.m. July 26, 2019 - By Meera Jagannathan
Here’s one simple way to get more women into higher-paying STEM jobs Women make up only 26% of people in computer and mathematical occupationsWomen make up only 26% of people in computer and mathematical jobs.
3:11 p.m. July 25, 2019 - Associated Press
SpaceX beats weather, launches experiments and supplies to space station Dragon capsule to dock with station SaturdayA space capsule carrying a 3D printer to make human tissue and about 5,000 pounds of other experiments and supplies is on its way to the International Space Station after a thunderous SpaceX launch.
1:15 p.m. July 25, 2019 - By Robert Schroeder
House passes two-year budget and debt-limit dealThe House of Representatives on Thursday passed a two-year budget and debt limit deal backed by President Donald Trump but opposed by a large number of House Republicans. The bill boosts federal spending on the Pentagon and domestic programs by about $320 billion over current budget caps, and suspends the government's borrowing limit until the end of July 2021. Trump urged Republicans to support it, but 132 voted against it in protest of what they said was excessive spending. The vote was 284 to 149.
11:22 a.m. July 25, 2019 - By Tomi Kilgore
Airline stocks dragged down as Boeing 737 Max groundings sully earnings reports American Airline’s stock tumbles amid questions about its raised profit outlook, Southwest’s bounces after 737 Max return pushed backShares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.’s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.
6:00 a.m. July 25, 2019 - By Tomi Kilgore
Boeing's stock drops again, shaves about 85 points off Dow's priceShares of Boeing Co. took another dive Thursday, and accounted for the bulk of the Dow Jones Industrial Average's decline, after Southwest Airlines Co. pushed out its expected return of the grounded 737 Max fleet to January. Boeing's stock dropped 3.5% in morning trading, after losing 3.1% on Wednesday after . The stock has now shed 7.5% amid a four-session losing streak. The $12.51 price decline on Thursday was shaving about 85 points off the Dow's price, which was down 126 points. Southwest said it will expand the 737 Max-related flight adjustments , while American Airlines Group Inc. said Thursday it was staying at Nov. 2. Separately, Boeing Chief Executive Dennis Muilenburg said the company will consider if its return is delayed beyond the current October forecast.
1:39 p.m. July 24, 2019 - By Bob Fredericks
Russian election interference didn’t end in 2016, Mueller testifies; it’s ongoing, he says, and will continue in 2020Robert Mueller told lawmakers on Wednesday that Russian interference in U.S. political campaigns continues unabated to this day — and will likely continue through the 2020 election.
1:06 p.m. July 24, 2019 - Associated Press
Boeing CEO says production of 737 Max could be suspended Dennis Muilenburg says pause may be needed if fleet is grounded past OctoberBoeing’s CEO says the company will consider temporarily shutting down production of the 737 Max if the plane’s return is significantly delayed beyond the company’s October forecast.
7:38 a.m. July 24, 2019 - By Claudia Assis
Boeing stock falls after ‘messy’ second quarter, doubts on yet another plane ‘It could have been worse’ at Boeing Boeing Co. shares fall after the aerospace and defense company reports a massive quarterly loss and casts doubt on yet another one of its planes.
5:50 a.m. July 24, 2019 - By Victor Reklaitis
White House: Lighthizer, Mnuchin going to China next week for fresh trade talksU.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to China to continue trade talks, the White House announced in a statement Wednesday. The negotiations will begin on Tuesday, and Chinese Vice Premier Liu He will lead the talks for his country, the statement added. The White House's announcement comes after a senior Trump administration official said Tuesday that a U.S. delegation for trade talks next week.
4:30 a.m. July 24, 2019 - By Tomi Kilgore
Boeing sees 'significant risk' to 777X delivery scheduleBoeing Co. said Wednesday that the grounding of the 737 Max planes acted as a $5.6 billion drag on revenue and cut earnings per share by $8.74. Adding that back to of a loss per share of $5.21 and revenue of $24.26 billion, Boeing still would have reported a decline from a year-ago EPS of $3.73 and revenue of $24.26 billion. Separately, Boeing said it was still targeting "late 2020" for the first delivery of the 777X plane, but said there was "significant risk" to this schedule given engine challenges, which have already delayed the first flight until early 2020. Boeing's stock fell 0.7% in premarket trading, with the implied price decline on track to act as a 17-point drag on the Dow Jones Industrial Average's price. Dow futures were down 88 points ahead of the open.
3:28 a.m. July 24, 2019 - By Jeremy C. Owens
Earnings Watch: Facebook’s fine, Boeing’s bind and Tesla’s bottom line Three companies that have faced tough questions from investors line up for more discussion WednesdayLast quarter, Boeing Co., Facebook Inc. and Tesla Inc. played “Hold my beer” amid controversies; three months later, it is time for an update as they work through their issues.
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