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in a good market boeing stock would build on that advance. in a bad market appear let's come and go straight down. the letter is exactly what happened. i needed to get ahead of the people who were buying when boeing openhearted. they didn't care who bought it, and they thought picked off. they are no natural sellers. i see stocks like that all over the place. real landmines everywhere you look. take new corp. which we had on last night. told a good story about how this company miss the quarter. he will be able to straighten it out fairly soon. but, he said the next quarter will be even weaker. too many buyers agreed with me. nucor stock opened at 175. but, then like boeing the stock. waited and felt 172. the quarter was truly disappointing. only a treacherous market has that kind of action, and i don't like treacherous markets. finally, we had our monthly investment club meeting at noon today. and as much as i want to think that i like all the stocks. i found myself hedging so many stocks that it was quite chilling. when you own more than 30
in a good market boeing stock would build on that advance. in a bad market appear let's come and go straight down. the letter is exactly what happened. i needed to get ahead of the people who were buying when boeing openhearted. they didn't care who bought it, and they thought picked off. they are no natural sellers. i see stocks like that all over the place. real landmines everywhere you look. take new corp. which we had on last night. told a good story about how this company miss the quarter....
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Apr 24, 2024
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boeing and tesla, we are in washington with boeing, and interview we had with the ceo, dave calhoun. >> reporter: when you look at boeing shares, the main question on wall street, they are building a bottom, how much worse can things get? many on wall street leave they cannot get worse and pointed to the first quarter as an example. they lost a lot of money. the loss was less than expected but they still lost a lot of money. within that, there are some things boeing bowls, but if you just would look at and say free cash flow in the first quarter, the law smaller than expected and they are making progress on the faa review and the spirit fuselage issues appear to be declining. we spoke about that with dave calhoun this morning. >> it is more about whether it is low or not. wildly sporadic. we are trying to sync up our supply chain this will begin to steady as we get to the second quarter. and then it will be all about how many perfect uselages do we get from spirit. that will be the constraint an opportunity and i am confident we will get there. >> reporter: that raises the question,
boeing and tesla, we are in washington with boeing, and interview we had with the ceo, dave calhoun. >> reporter: when you look at boeing shares, the main question on wall street, they are building a bottom, how much worse can things get? many on wall street leave they cannot get worse and pointed to the first quarter as an example. they lost a lot of money. the loss was less than expected but they still lost a lot of money. within that, there are some things boeing bowls, but if you just...
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i do trust flying on boeing airplanes. i don't have any issue flying on any type of boeing airplane, to include the max. do i trust boeing, period? the jury is still out on that. i think they have done some things to lose my trust, and they're slowly building it back, but i'm not there. >> mr. munoz, same question. >> you know, flying on aircraft, i'll answer that question from a pilot's perspective. pilots don't have any reservation about flying on the aircraft safety is there. i trust boeing as well, but we don't know what's coming we don't know what the new ceo is going to do and answering that question is, time will tell not because of boeing and it's wonderful people and professionals, but because the leadership is still sort of in a mix there. and so ask us that later and we'll have a better answer >> i don't mean to embarrass you, but if they called, would you take the job as ceo? >> well, thank you i'll stay off that pattern for now. there's enough speculation going around, but listen, it's a great company. >> unde
i do trust flying on boeing airplanes. i don't have any issue flying on any type of boeing airplane, to include the max. do i trust boeing, period? the jury is still out on that. i think they have done some things to lose my trust, and they're slowly building it back, but i'm not there. >> mr. munoz, same question. >> you know, flying on aircraft, i'll answer that question from a pilot's perspective. pilots don't have any reservation about flying on the aircraft safety is there. i...
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guests today he's here with what makes him so optimistic and the three names he likes right now >>> boeing's loss may have been smaller than expected, but it was an ugly quarter. we have the latest on earnings and how quality control issues are being handled at that big
guests today he's here with what makes him so optimistic and the three names he likes right now >>> boeing's loss may have been smaller than expected, but it was an ugly quarter. we have the latest on earnings and how quality control issues are being handled at that big
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Apr 24, 2024
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and bertha coombs is tracking biotech giants phil, starting with you on boeing >> you know, david, boeing shares moving higher as the campaign reported a massive loss for the first quarter. why is the stock high centre it wasn't as bad as many on wall street expected. they did lose $1.13 a share, street was expecting $1.76 revenue better than expected free cash flow, a lot of $3.9 billion but that was not as bad as many expected all of that contributing to the shares moving up 1% right now. the commercial airplanebusines is where the focus is, specifically 737 max production. revenue down 31% in the first quarter as deliveries and production dropped dramatically. deliveries, 83 in the first quarter of this year, compared to 130 last year they're working with the faa to come up with a new template, if you will, in terms of what's expected for quality control here's what dave calhoun had to say earlier today about where they are in those discussions with the faa. >> the review is going well. in the sense that we're both approaching it business like we all want the same thing we want a facto
and bertha coombs is tracking biotech giants phil, starting with you on boeing >> you know, david, boeing shares moving higher as the campaign reported a massive loss for the first quarter. why is the stock high centre it wasn't as bad as many on wall street expected. they did lose $1.13 a share, street was expecting $1.76 revenue better than expected free cash flow, a lot of $3.9 billion but that was not as bad as many expected all of that contributing to the shares moving up 1% right...
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boeing and at&t this morning meta platforms, ford and ibm after the "closing bell. it's wednesday, april 24th, 2024 "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" right here on cn we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin, and here we go this morning. let's check things out you're going to see a mixed picture right now when you're checking out the u.s. equity futures. dow futures are off by 30 points, s&p up by 3 points we shoals auld take look at what's happening with treasury yields a tz you know, the trend has been higher and that continues this morning the 10-year is at 4.63 the 2-year while it's in the green, it's a little bit below where we were yesterday, 4.94. still below 5% we'll take a quick look at oil prices data showing a drop in crude stocks, a positive sign for demand yesterday oil prices were higher, this morning giving back just about 39d%. but wti is just below $30 a barrel. >> meantime protests arrive ingn campus speaker johnson spe
boeing and at&t this morning meta platforms, ford and ibm after the "closing bell. it's wednesday, april 24th, 2024 "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" right here on cn we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin, and here we go this morning. let's check things out you're going to see a mixed picture right now when you're checking...
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boeing expected to report in just over two hours as the aerospace giant continues to face a bumpy road ahead around production issues and succession questions. it's wednesday, april 24th, 2024 and you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." we're coming to you live from cnbc london. thanks so much for being here with us. let's get you ready for the trading addai head we check on the tech stock futures with the s&p and nasdaq. the s&p has seen its best day since february the douceting its streak to four straight days. taking a look, a bit of a mixed picture. the s&p solidly in the green right now. investors getting more fresh momentum with another big day of earnings on tap. we get results from at&t, ford, boeing, meta, and ibm just to name a few the bond markets slipped a bit durable goods data, that's out later this morning right now we see the benchmark 2-year pulling back. it pulled back just about six basis points this morning. we also want to get a check on oil. data showing a surprise. a positive sign for demand ta
boeing expected to report in just over two hours as the aerospace giant continues to face a bumpy road ahead around production issues and succession questions. it's wednesday, april 24th, 2024 and you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." we're coming to you live from cnbc london. thanks so much for being here with us. let's get you ready for the trading addai head we check on the tech stock futures...
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Apr 23, 2024
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lots and lots of moving parts, literally here what would you do with boeing? >> not to mention, tyler, that on monday, one of the high-up executives said we're going to have a problem on the dreamliner because there's a couple parts they need to complete. so, we're not just in 737 max territory, we have the dreamliner they can't push out here is my issue, last two years they have been hitting about 500 planes delivered per year. last year about 525. i think this is a value trap number one let's say we got over the 737 problem. we have the best environment in the world. this decade, not this year, this decade in aerospace. it's heart breaking to see a great american company not being able to execute. i feel this is a value trap. i would rather buy it this year when i see planes getting delivered and hopefully air bus doesn't eat their lunch between now and then. >> let's pause for a moment and learn dave calhoun will join "squawk on the street" to discuss the company's results. that's tomorrow in the 9:00 p.m. eastern hour it's a cnbc exclusive you do not want
lots and lots of moving parts, literally here what would you do with boeing? >> not to mention, tyler, that on monday, one of the high-up executives said we're going to have a problem on the dreamliner because there's a couple parts they need to complete. so, we're not just in 737 max territory, we have the dreamliner they can't push out here is my issue, last two years they have been hitting about 500 planes delivered per year. last year about 525. i think this is a value trap number one...
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Apr 23, 2024
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in the meantime, tomorrow, it feels like boeing will be the main story. a lot of the anticipation has been built in the we will see what they have built-in with orders and production. in the meantime, we are trying to break a midday selloff. >>> welcome to the halftime report. a bounce back with stocks 72 hours ahead. key inflation is looming in the markets. we checked the markets where this bounce back continues. you have stable yields, dipping to 458. let's assess where we are. it was rocky last week. we are getting a little bit back over the last couple of days. >> we had a big week. 30% of the earnings this week. you mentioned tech names. it is going to be pivotable for this market. we have to get through the inflation number on friday. for what i am hearing, a lot of people have bared up for this number. we are near 2%. i think it is going to come in line. that is a new reflection for pce. cpi is a big part of the shelter. i think if we get the in-line number on friday we will have solid earnings. maybe we can see a bounce. we are oversold for sure.
in the meantime, tomorrow, it feels like boeing will be the main story. a lot of the anticipation has been built in the we will see what they have built-in with orders and production. in the meantime, we are trying to break a midday selloff. >>> welcome to the halftime report. a bounce back with stocks 72 hours ahead. key inflation is looming in the markets. we checked the markets where this bounce back continues. you have stable yields, dipping to 458. let's assess where we are. it...
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ceo of boeing? >> i floated the idea that greg hayes should be the ceo of boeing. i got laughter. >> from greg? >> yeah. greg does not want that job because greg is going out on a high, and i'm thinking who is going to take that job. >> i don't know why culp would leave $170 billion market value for boeing. >> he's not leaving. >> i've got to take a look. >> he doesn't play for comp. >> okay. >> mahomes didn't play for comp initially. he's the mahomes of aerospace. >> larry culp is the mahomes of aerospace. >> got it. >> he'll like that, too. >> maybe he thinks he should be the andy reid, who is now the highest paid coach in the nfl. clark hunt, good owner. >> anything else you want to talk about? >> your guy is a rich owner. >> which guy? >> the jets. >> johnson? >> yeah. >> broncos and wilson. i got that. take a look at the premarket here. we're going to dive into so many more numbers including danaher, lockheed, spotify. not all earnings stocks are up today. we'll watch xerox, sherwin williams, u
ceo of boeing? >> i floated the idea that greg hayes should be the ceo of boeing. i got laughter. >> from greg? >> yeah. greg does not want that job because greg is going out on a high, and i'm thinking who is going to take that job. >> i don't know why culp would leave $170 billion market value for boeing. >> he's not leaving. >> i've got to take a look. >> he doesn't play for comp. >> okay. >> mahomes didn't play for comp initially. he's...
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>>> let's talk about boeing. it expects a increase in production because supplier shortages of the few key parts. they have been trying to boost the output after quality problems and suspending deliveries for two years. boeing was producing five dreamliners per month as of late last year and said it samaimed get up to ten per month next year. we will have more from boeing tomorrow before the opening bell when the company reports the quarterly numbers. we will talk about those and the state of the company. >>> former president trump set to receive 36 million shares of trump media today as long as the stock price remains above $35.50 share price. the receive of shares is based on the benchmark within the 30-day trading period. it would bring the stake in the company for trump at $4 billion. the question is when he will access that $4 billion. as of now, he would have to wait until september. >>> in the meantime, united health saying private information on americans may have been come promised in the february data a
>>> let's talk about boeing. it expects a increase in production because supplier shortages of the few key parts. they have been trying to boost the output after quality problems and suspending deliveries for two years. boeing was producing five dreamliners per month as of late last year and said it samaimed get up to ten per month next year. we will have more from boeing tomorrow before the opening bell when the company reports the quarterly numbers. we will talk about those and the...
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boeing has slowed delivery and output of the 737 planes. don't miss cnbc's exclusive interview with boeing ceo dave calhoun tomorrow at 9:00 a.m. >>> the ftc is suing to block tapestry's $8.5 billion it takeover of capri holdings. that would put coach and michael kors and kate spade under one roof. the ftc says the combined company would harm shoppers and employees. tapestry and capri say they will fight for the deal to go through in court. >>> reuters reporting that china recently got access to banned nvidia super chips. the chinese universities and research institutes got access to the chips through resellers despite the u.s. expanding the ban on the sale of the technology to china last year. nvidia tells reuters there is no indication of any of its partners violating export rules while super micro and dell say they are investigating further. frank. >> zsilvana, thank you. >>> we have more coming up, including the one word investors have to know today. first, we get you ready for u.p.s. results due out in 0 min 30 minutes. we will ask wha
boeing has slowed delivery and output of the 737 planes. don't miss cnbc's exclusive interview with boeing ceo dave calhoun tomorrow at 9:00 a.m. >>> the ftc is suing to block tapestry's $8.5 billion it takeover of capri holdings. that would put coach and michael kors and kate spade under one roof. the ftc says the combined company would harm shoppers and employees. tapestry and capri say they will fight for the deal to go through in court. >>> reuters reporting that china...
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Apr 22, 2024
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apple, believe it or not, this year's not far from a 52-week low and 1% or 2% away and boeing is down more than 30% and also near a 52-week low and what i'm excited about is the ipo market and we had a bunch last week that are holding up well. rubric down here at the new york stock exchange should be trading this thursday and that's a big data security company and that's going to raise a lot of money and close to $700 million and we also had an announcement just this morning about another ipo that you all know and viking, this is the viking cruise company and they are set to start trading may 1st and that's on the ipo and this is scheduled 44 million and 21 to 25. you do the math here, tyler, that is close to a billion dollar ipo at the midpoint. we're getting several weeks in a row when we get a billion to 2 billion in ipo money raised and that's what we do prior to covid and you get 50, 60 billion. 2024, at least april really looking pretty good. >> back to you. >> thank you very much. our next guest says the outlook for the economy and corporate america are strong and even sees's r
apple, believe it or not, this year's not far from a 52-week low and 1% or 2% away and boeing is down more than 30% and also near a 52-week low and what i'm excited about is the ipo market and we had a bunch last week that are holding up well. rubric down here at the new york stock exchange should be trading this thursday and that's a big data security company and that's going to raise a lot of money and close to $700 million and we also had an announcement just this morning about another ipo...
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on wednesday, at&t, boeing, ford, ibm and we hear from meta and then on thursday is caterpillar and microsoft and comcast. on friday, we will hear from chevron and exxonmobil. there will be a lot of numbers to chew on. we can figure out what is going on. >> how far from toyota? >> in terms of the market cap? >> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie dimon say? 8%? >> he has been spot on. he has been consistent. >> he has. that seems like it would be significant. >>> news from washington. on saturday, the house passing the series of bills to provide aid to israel, ukraine and taiwan along with the bill that would force china's bytedance's tiktok. emily wilkins has more with us. do you clock in on saturday? >> reporter: you have to be paying attention. you have to stay on top of it. it was a working weekend for congress. you are not alone. the house passed that $95 billion foreign aid bi
on wednesday, at&t, boeing, ford, ibm and we hear from meta and then on thursday is caterpillar and microsoft and comcast. on friday, we will hear from chevron and exxonmobil. there will be a lot of numbers to chew on. we can figure out what is going on. >> how far from toyota? >> in terms of the market cap? >> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written...
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Apr 19, 2024
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starting with the controversy, it's not me, as above me, boeing, how few planes can they produce, this negative, maybe they have to buy spirit air systems to control the fuselage. give us a plan of succession, i can't be business as usual, that won't cut it. we do have the investing club meeting at noon on wednesday, after judy here and join the club, the monthly meeting is worth the price of admission. working on it this weekend. after the close we hear from tech, meta-platforms and it being a quarter, a death sentence, and earnings in forecast, and a lot of levers to push, and much lower basis. please wait, and grading the stock, and tech might be oversold for the time we get there. and service now, and they will deliver, deliveryman, and non- consequential, putting up great numbers because is clients trust him to install generative ai platforms and show them, and immediately, they will see the good numbers, integrated robots, and the best menu, and own the stores, it's not a franchise model, the stores are going up in average unit volume, making it thursday. continuing the run throu
starting with the controversy, it's not me, as above me, boeing, how few planes can they produce, this negative, maybe they have to buy spirit air systems to control the fuselage. give us a plan of succession, i can't be business as usual, that won't cut it. we do have the investing club meeting at noon on wednesday, after judy here and join the club, the monthly meeting is worth the price of admission. working on it this weekend. after the close we hear from tech, meta-platforms and it being a...
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. >> let's talk about the safety issues that have bedeviled the boeing and then as an effect some of the airlines. do you think or expect the worst of that may be behind us as an industry? and how material have those disruptions been for some of the carriers? >> look. from where i sit, and i am not an engineer or mechanic or pilot, but there really hasn't been an appreciable increase in maintenance but there has been an increase in media scrutiny and obviously the issue was one- of-a-kind and highly unusual but things like the occasional compressor stall and plane that vacates the runway and i don't want to speak or anybody but given the sheer number of flights every day it's not all that unusual and i think in the united states it's a little like the summer of the shark if you remember that. >> we will leave it there and have a great weekend. pria it. that does it for the exchange and power launches up after this quick break. we will see you there. quiet cabin in the woods. the fully electric q8 e-tron. an electric vehicle that recharges you. how we get there matters. your record la
. >> let's talk about the safety issues that have bedeviled the boeing and then as an effect some of the airlines. do you think or expect the worst of that may be behind us as an industry? and how material have those disruptions been for some of the carriers? >> look. from where i sit, and i am not an engineer or mechanic or pilot, but there really hasn't been an appreciable increase in maintenance but there has been an increase in media scrutiny and obviously the issue was one-...
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Apr 19, 2024
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does aerospace anything we can find out about aerospace is important including the black hole that is boeing. >> tough week on the hill after that -- >> yeah. >> i think about the b-29. oh, my god it was all bad, all zeros. one day the b-29, and everybody clapped and maybe we'll win the war. go back to that period. >> good show we'll see you tonight. >> it matters. third quarter of proctor, 1973 or 1943. >> "mad money" at 6:00 p.m. eastern tonight. when we come back, wharton's jeremy siegel, his take on this market environment in a minute >>> good friday morning. welcome to another hour of "squawk on the street. i'm sara eisen with carl quintanilla. live from post nine as always of the new york stock exchange. david has the morning off. take a look at stocks this morning. we're starting on a high note up 155 on the dow at least. the s&p lower. it's been bouncing around between gains and losses all morning long and only a half hour of trading but all over the place. the nasdaq down 0.4 adding to its losses treasuries the story has been higher yields and bonds selling off. a bid this morning w
does aerospace anything we can find out about aerospace is important including the black hole that is boeing. >> tough week on the hill after that -- >> yeah. >> i think about the b-29. oh, my god it was all bad, all zeros. one day the b-29, and everybody clapped and maybe we'll win the war. go back to that period. >> good show we'll see you tonight. >> it matters. third quarter of proctor, 1973 or 1943. >> "mad money" at 6:00 p.m. eastern tonight....
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Apr 18, 2024
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the airline delivering a strong forecast despite ongoing issues with boeing deliveries. >>> and an e-commerce call out of morgan stanley. a pairs trade, double upgrading ebay while downgrading etsy. ebay up nearly 15% this year, while etsy is down 17% >>> and shares of jabil down slightly afterhours. the company saying the ceo was placed on leave pending an investigation related to corporate policies that stock is down 2%. >>> meantime, congress potentially fast-tracking a bill that would crack down on tiktok. the legislation requiring tiktok owner byte dance to sell the app or face a ban in the u.s. could be attached to an aid package for ukraine and israel for more on what this means to byte dance and the bill's chances in the house, let's get to cnbc's emily wilkins. what's the latest on this? >> hey, melissa. yeah, the legislation that could lead to a tiktok ban in the u.s. now has a new path to potential passage via the $95 billion foreign aid package the house is working on house lawmakers are debating this foreign aid package for ukraine, israel, the indo-pacific, but that funding coul
the airline delivering a strong forecast despite ongoing issues with boeing deliveries. >>> and an e-commerce call out of morgan stanley. a pairs trade, double upgrading ebay while downgrading etsy. ebay up nearly 15% this year, while etsy is down 17% >>> and shares of jabil down slightly afterhours. the company saying the ceo was placed on leave pending an investigation related to corporate policies that stock is down 2%. >>> meantime, congress potentially...
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alaska air's ceo joins us in an exclusive interview to talk about that, about boeing and more but we begin with today's markets and our friend, bob, at the new york stock exchange. hey, bob >> tyler, a pleasure to see you. we started flattish. we bov moved up in the middle oh day and losing steam we are flat on the day after being up about an hour ago the economy is still good, but the yields are still elevated. i think that's a problem here. we were up a lot more, we're basically flat on the season it's been a narrow trading range, about 40 points the dow industrials split, strength in united health. travelers bouncing back after a rotten earnings report and the nasdaq is a disappointment here. its big-cap tech is mixed but largely down semiconductors are a bit on the weak side. the tech space is the weak area. big-cap tech here, nvidia and google still -- apple, still mixed here alphabet is up slightly. micron is down almost 3% that's a really weak stock in that sector right now. for earnings, you heard about dr horton here. for all the worry about higher rates, dr horton has done
alaska air's ceo joins us in an exclusive interview to talk about that, about boeing and more but we begin with today's markets and our friend, bob, at the new york stock exchange. hey, bob >> tyler, a pleasure to see you. we started flattish. we bov moved up in the middle oh day and losing steam we are flat on the day after being up about an hour ago the economy is still good, but the yields are still elevated. i think that's a problem here. we were up a lot more, we're basically flat on...
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Apr 18, 2024
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revenue of $2.23 billion also beat estimates the airline took a hit from the blowout of boeing jet door plug during a flight in january, of course, and said the grounding of the 737 max planes extended into february significantly weighed on operations in the first quarter. the company's ceo will be on the exchange today at 1:00 p.m. eastern time >>> google terminating 28 employees yesterday after a series of protests over the company's contract to provide the israeli government and military with cloud computing and a.i. services. some said they were protesting the, quote, harassment, intimidation, bullying, silencing and censorship of palestinian, arab and muslim googlers on tuesday night, nine google workers were arrested on trespassing charges after staging a sit in at the company's office in new york and sunnyvale, california. a google executive telling workers, 28 people were fired. joining us right now is jason greer, greer consulting founder and president and i'm going to start with this very question, would you hire any of these folks who were fired yesterday for being involved i
revenue of $2.23 billion also beat estimates the airline took a hit from the blowout of boeing jet door plug during a flight in january, of course, and said the grounding of the 737 max planes extended into february significantly weighed on operations in the first quarter. the company's ceo will be on the exchange today at 1:00 p.m. eastern time >>> google terminating 28 employees yesterday after a series of protests over the company's contract to provide the israeli government and...
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boeing shares down 35% year to date silvana, thank you we have a market flash for you with boeing. reuters saying alaska air is looking for more inspectors over the grounding and they expect more delays in the 737 program shares of boeing down 1% phil lebeau will have more with the aldsaska air ceo at 1:00 p. >>> and we have more coming up on "worldwide exchange," including the one word investors need to know today and then micron air stock is popping. arjun kharpal is joining me here on set. >>> and sticking with chips. topping expectations for the recent quarter, but will the rising tide lift all boats >>> and the pension fund could be dealt a blow for the recent run-up we have a very busy hour when "worldwide exchange" returns stay with us tamra, izzy, and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now,
boeing shares down 35% year to date silvana, thank you we have a market flash for you with boeing. reuters saying alaska air is looking for more inspectors over the grounding and they expect more delays in the 737 program shares of boeing down 1% phil lebeau will have more with the aldsaska air ceo at 1:00 p. >>> and we have more coming up on "worldwide exchange," including the one word investors need to know today and then micron air stock is popping. arjun kharpal is...
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right now on last call, boeing whistleblowers. that is the blowing whistleblowers laying out shocking allegations in front of congress. one of the lawmakers there joins us here on what happens next. >>> something rare and strange happened in the market today and it could mean the bears are back in charge. >>> waiting on netflix. the one thing that could send the stock storing, or tumbling tomorrow. >>> reporting results that put new u.s.
right now on last call, boeing whistleblowers. that is the blowing whistleblowers laying out shocking allegations in front of congress. one of the lawmakers there joins us here on what happens next. >>> something rare and strange happened in the market today and it could mean the bears are back in charge. >>> waiting on netflix. the one thing that could send the stock storing, or tumbling tomorrow. >>> reporting results that put new u.s.
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boeing touches a lot of suppliers. each plane has a million parts there are two big factories that have to be merit spirit aerospace systems if they decide to take it in-house which is currently in talks with boeing to be taken out. >> just curious. if it's found to have deferred that agreement, what do you think it means for the stock if they're found criminally liable, i don't know what fines there are. i don't know if it involves another agreement at that point, management will be involved, prior management will be involved how do you sort of play that out? >> i think it's hard to play it out in terms of investor sentiment in the share price performance. clearly another ding and a fine would be very negative for the stock in that you would have additional debt in place and their debt balances are already in the $45 billion range that wouldn't be positive from that perspective but dave calhoun is leaving, not because of anything he's done. the former management no longer is at boeing i think what we have to take back
boeing touches a lot of suppliers. each plane has a million parts there are two big factories that have to be merit spirit aerospace systems if they decide to take it in-house which is currently in talks with boeing to be taken out. >> just curious. if it's found to have deferred that agreement, what do you think it means for the stock if they're found criminally liable, i don't know what fines there are. i don't know if it involves another agreement at that point, management will be...
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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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. >>> a boeing whistleblower testifying on capitol hill, they're putting out defective airplanes and should stop their liner production. they need the latest
. >>> a boeing whistleblower testifying on capitol hill, they're putting out defective airplanes and should stop their liner production. they need the latest
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we 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 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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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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traders now cutting their boe rate cut bets now pricing in at 34 basis cuts by december. >>> bank of england governor andrew bailey says the uk economy is disinflating at full employment, but he stressed falling inflation is working its way through. speaking of imf, bailey also addressed possible policy diversions between the bank of england and the u.s. fed. >> i think it's rather different between europe geographically now and the u.s. i think there's more demand-laden pressure that i think we're seeing. i think the inflation dynamics are different. we're still seeing an extension of the process coming out of the big supply shocks that we had, the impact of the war, the impact of coming out of covid. >>> with the latest comments from the fed, the boe, and now we look at our fed. christine lagarde said the ecb will cut rates soon barring surprises. it's steadily moving toward its target, adding that officials just need to build a bit more confidence before cutting rates. sara eisen asked the ecb president as well whether three rate cut this year is a reasonable expectation. >> i wou
traders now cutting their boe rate cut bets now pricing in at 34 basis cuts by december. >>> bank of england governor andrew bailey says the uk economy is disinflating at full employment, but he stressed falling inflation is working its way through. speaking of imf, bailey also addressed possible policy diversions between the bank of england and the u.s. fed. >> i think it's rather different between europe geographically now and the u.s. i think there's more demand-laden pressure...
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i am >> antennae for brian sullivan, right now on last call a boeing whistleblower speaks out exclusively ahead of tomorrow's hearing. we have the disturbing allegations. new troubles with the cyber truck causing tesla shares to do something they haven't done in over a year. an election twist fit for hollywood. the producers son of republican mega donor just stunned the political world. we have the details. a fentanyl crisis, and explosive new report out of congress points the blame at
i am >> antennae for brian sullivan, right now on last call a boeing whistleblower speaks out exclusively ahead of tomorrow's hearing. we have the disturbing allegations. new troubles with the cyber truck causing tesla shares to do something they haven't done in over a year. an election twist fit for hollywood. the producers son of republican mega donor just stunned the political world. we have the details. a fentanyl crisis, and explosive new report out of congress points the blame at
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we're going to talk about what's happening at boeing, the search for a new ceo, if they have confidence in the dreamliner. lots to talk about with scott kirby. >> look forward to that tomorrow morning. phil, thank you. phil lebeau. tim seymour, much better than expected, and the bar was set so low, especially after they canceled that investor day meeting. >> again, i think this was much better than expected. the fact that they reiterated that '24 full-year guide of $9 to $11 a share, the street was not expecting that. the first operating profit s since -- for the march quarter since 2019, i believe. i think they're international business was a bright spot, it was up 11.7%, domestic was solid. so, if you look at united as a massive underperformer to delta, i think you're going to get more follow-through here. i think this is a huge relief. i think fuel costs were better. so, in a higher environment, where airlines are going to str struggle, always struggle with sentiment around fuel, i think this was a very, very strong number. just strong. >> carter, how does the chart look? >> well, it
we're going to talk about what's happening at boeing, the search for a new ceo, if they have confidence in the dreamliner. lots to talk about with scott kirby. >> look forward to that tomorrow morning. phil, thank you. phil lebeau. tim seymour, much better than expected, and the bar was set so low, especially after they canceled that investor day meeting. >> again, i think this was much better than expected. the fact that they reiterated that '24 full-year guide of $9 to $11 a...
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we know what's going on with the boeing building fewer 737 maxes. that clearly has to impact united and then we know they were in the market for an air blast-- airbus replacement order because they will not be taking delivery of the max tends. don't forget united is expected to report a loss of $.57 so they are not expecting a profit here and tomorrow morning after the numbers this fternoon we will be talking with united ceo scott kirby. a lot to discuss beyond the numbers in terms of fleet plans, boeing, airbus. you don't want to miss that interview. >> we won't miss it and look forward to it. interactive brokers reporting by the way. >> the momentum for interactive brokers is expected to continue when we get that report out. account growth is a key thing to watch. trading activity will be reflected through something like daily active revenue trades, net interest income will be key as well. margin lending also a big one, piper sandler upping the price and saying any impact you may see from rate cuts that it could have on revenues has been overshado
we know what's going on with the boeing building fewer 737 maxes. that clearly has to impact united and then we know they were in the market for an air blast-- airbus replacement order because they will not be taking delivery of the max tends. don't forget united is expected to report a loss of $.57 so they are not expecting a profit here and tomorrow morning after the numbers this fternoon we will be talking with united ceo scott kirby. a lot to discuss beyond the numbers in terms of fleet...
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we'll start with boeing, stephanie link. 11 down days in a row. >> it's been a tough one for sure. it's down 32% year to date. we know the reasons why. i think this will take a really long time to play itself out because we do have new management, we're going to have a new ceo, and that will take a while for the transition. i still like the duopoly aspect of airbus. the backlog is still strong. i say it all the time, they have nine years worth of backlog of planes. they have to get it together and improving on quality long term will be very positive. you have to be patient. >> josh, why is berkshire down six days in a row? >> i think the stock has had a huge run, and they took down a lot lot of these names that i think were related to the rate cut. and having that get pushed out, i don't think it's more complicated than that. until somebody tells me otherwise, this is more of a buying opportunity than a reason to sell. >> jim, you have it, too. >> yeah, i agree. the only thing i might add to it, maybe it's the big apple position, but the stock is off what, 7.5% from its high. as jo
we'll start with boeing, stephanie link. 11 down days in a row. >> it's been a tough one for sure. it's down 32% year to date. we know the reasons why. i think this will take a really long time to play itself out because we do have new management, we're going to have a new ceo, and that will take a while for the transition. i still like the duopoly aspect of airbus. the backlog is still strong. i say it all the time, they have nine years worth of backlog of planes. they have to get it...
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everybody wants boeing to succeed. boeing, it's important for the united states for boeing to succeed and we think the sentiment will give whoever steps into this new leadership role significant runway to execute what we think will be some of the tough decision, and ultimately reposition the company here, to benefit from what is a very strong demand environment, across both the defense and the commercial portfolio. >> ken, thanks for joining us. appreciate your time. >> great, thanks, have a great day. >>> coming up, we'll talk more about the fight in washington over aid for israel and ukraine. things like they're starting to move in congress. after a break, south dakota senator mike rounds will joining us. but first, johnson & johnson beating estimates. ceo jeff wolf joining us roonlt on the show. here he is responding to a question about whether he's as optimistic about the rest of the year as j&j's first quarter results might suggest. >> if you listen to and look at some of the clinical advancements we've had, we'll
everybody wants boeing to succeed. boeing, it's important for the united states for boeing to succeed and we think the sentiment will give whoever steps into this new leadership role significant runway to execute what we think will be some of the tough decision, and ultimately reposition the company here, to benefit from what is a very strong demand environment, across both the defense and the commercial portfolio. >> ken, thanks for joining us. appreciate your time. >> great,...
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boeing 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%....