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now sara boeing c.e.o. says that as far as reopening now and there are new safety measures that are in place the company is in uncharted territory and could forever change the business and the industry because of this pandemic but boeing is taking it day by day and they're hoping to come out strong and competitive throughout all and when you look at these plane makers you really have not much competition i mean there's boeing and then there's the airbus right so so boeing somehow needs to exist right in this type of of the center somebody who comes in that's going to start making planes isn't going to be a competition to boeing has been around for exactly right now you have air bus that's halted too so it's kind of like everybody's at a standstill and maybe the only possible way they can get ahead of this is by ramping up business again and going back to work but here's the problem there ok they're good they're going back to work and yes they're taking service certain safety precautions but will that be eno
now sara boeing c.e.o. says that as far as reopening now and there are new safety measures that are in place the company is in uncharted territory and could forever change the business and the industry because of this pandemic but boeing is taking it day by day and they're hoping to come out strong and competitive throughout all and when you look at these plane makers you really have not much competition i mean there's boeing and then there's the airbus right so so boeing somehow needs to exist...
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and now boeing finds itself in an even tougher position but the real losers in all of this are going to be the staff of boeing about $16700.00 commercial planes you know are have been grounded they're not going anywhere as a result of that boeing is also talking about layoffs for about 10 percent of its workforce which is about $160000.00 people so you're talking about a massive amount of people who may be out of the job and boeing doesn't see how it's going to be able to pull out of this so instead they cite irreconcilable differences on an agreement with amber in order to not be able to move forward boeing has actually a big week ahead in the next week boeing will hold its annual meeting report 1st quarter results and face the application deadline for a multibillion dollar aid package from the federal government what are we expecting this week here. well it's going to be interesting to see kind of how that plays out because obviously with the aid package boeing just wanted to be given a stack of money which doesn't everybody and 4 they was a going to work out that way so they do ha
and now boeing finds itself in an even tougher position but the real losers in all of this are going to be the staff of boeing about $16700.00 commercial planes you know are have been grounded they're not going anywhere as a result of that boeing is also talking about layoffs for about 10 percent of its workforce which is about $160000.00 people so you're talking about a massive amount of people who may be out of the job and boeing doesn't see how it's going to be able to pull out of this so...
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outbreak straight ahead we break down the global numbers and how international markets are reacting plus boeing is back in the headlines after scrapping a joint venture with them where we bring you a live report on the aerospace giant's latest move and oil continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy with a packed show today so let's dive right in. as the worldwide total of corona virus cases has officially clips to $3000000.00 the world health organization's director general on monday addressed the easing of lock downs in europe due to the klein new cases on the continent. the new hope is was declining numbers of new cases. we continue to urge countries to find isolate test and treat all cases and try this every 2 e. these declining trends continue but the pundit mickeys far from over w.h.o. warned that while western europe may be seeing declining numbers there is a concerning upward trend in africa eastern europe latin america and some asian nations the director general also spoke about the imp
outbreak straight ahead we break down the global numbers and how international markets are reacting plus boeing is back in the headlines after scrapping a joint venture with them where we bring you a live report on the aerospace giant's latest move and oil continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy with a packed show today so let's dive right in. as the worldwide total of corona virus cases has...
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boeing customers who actually canceled. orders as well we're talking canceling $150.00 jets alone in march and just today company shares fell more than 3 percent after the china development bank financial leasing company they canceled their purchase of $29.00 boeing 737 max jets still though boeing did have an order to make 31 jets but those are for military aircraft and actually one is a freighter for 5 x. but then just in the past day you had a big order come in from germany with the country's defense minister confirming their decision of ordering 30 f.a. 18 super hornets and 15 growlers bell ok what about this coronavirus stimulus bill you had many on both sides of the aisle getting angry at boeing that they roughly got what $25000000000.00 or so despite their massive failures especially with those max jets i mean they're getting bailout right but that bell out of 25000000000 though there are some strict conditions on that one namely that the money can only be used to continue paying their nearly 161000 employees all the
boeing customers who actually canceled. orders as well we're talking canceling $150.00 jets alone in march and just today company shares fell more than 3 percent after the china development bank financial leasing company they canceled their purchase of $29.00 boeing 737 max jets still though boeing did have an order to make 31 jets but those are for military aircraft and actually one is a freighter for 5 x. but then just in the past day you had a big order come in from germany with the...
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theoretically boeing might have to pay around $100000000.00 but the management of boeing believes that they did everything right for actually the stake in korea was supposed to give boeing a better position to compete with the arab us albus has a stake in the company's time zone but years so that is not happening at this point . it's also been a tough start to the week on markets we've seen big price drops. well we clearly saw price the sulfa oil under pressure here on monday dropping by more than 22 percent some analysts have actually discussing if it's possible that we might even go all the way down to an oil price of a negative $100.00 so far we are still in positive territory but the mixture is always in the for oil companies and for the industry there is hardly any demand i mean look at the gas station in my back there is not one single customer at this point and then on the other side we still have their problem with supply so specially if you look at capacity worldwide we really could hit a crucial point in this week and as long as this mitchell mismatch doesn't change prices ar
theoretically boeing might have to pay around $100000000.00 but the management of boeing believes that they did everything right for actually the stake in korea was supposed to give boeing a better position to compete with the arab us albus has a stake in the company's time zone but years so that is not happening at this point . it's also been a tough start to the week on markets we've seen big price drops. well we clearly saw price the sulfa oil under pressure here on monday dropping by more...
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major industry for the united states now middle boeing c.e.o. says that as far as reopening and there are new safety measures in place the company is in uncharted territory intended and it could forever change the business and the industry because of this pandemic but that boeing is taking it day by day and hoping that is going to come out strong and competitive. fronsac thank you for giving us that update what a wild story thank you. and elsewhere around the world today german chancellor angela merkel urged fellow citizens to remain on alert as the country takes its 1st steps in reopening some businesses and restarting public light last friday federal and state officials ruled to reopen non-essential shops with hygiene precautions merkel warns the country could return to a full shutdown if corona virus infections began to rise again. and then over to brazil now where supporters of president also narrow took to the streets of sao paulo to demand a coronavirus for strict restrictions lifted on saturday protesters denounced. put in place by the go
major industry for the united states now middle boeing c.e.o. says that as far as reopening and there are new safety measures in place the company is in uncharted territory intended and it could forever change the business and the industry because of this pandemic but that boeing is taking it day by day and hoping that is going to come out strong and competitive. fronsac thank you for giving us that update what a wild story thank you. and elsewhere around the world today german chancellor...
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now brazil's embraer is considering legal action after boeing called off the multi-billion dollar tire. and coronaviruses meant migrant workers have all but disappeared. to pick this. place is either your business in berlin thanks for joining us. now brazilian plane maker embraer has started arbitration proceedings against boeing over the failure of a deal between the 2 the $4200000000.00 deal ended when boeing decided it was going to cancel over delays during the negotiation process. let's get more on this now from our correspondent in new york let's speak to quarter. do we know exactly why this deal fell through we know there were delays but what's the actual reason. well we are still short of some details boeing claims that embraer actually failed some conditions so we might learn more on wednesday that's when boeing is due out to with their latest earnings report and theoretically boeing might have to pay around $100000000.00 but the management of buoying believes that they did everything right for actually the stake in was supposed to give boeing a better position to compete with
now brazil's embraer is considering legal action after boeing called off the multi-billion dollar tire. and coronaviruses meant migrant workers have all but disappeared. to pick this. place is either your business in berlin thanks for joining us. now brazilian plane maker embraer has started arbitration proceedings against boeing over the failure of a deal between the 2 the $4200000000.00 deal ended when boeing decided it was going to cancel over delays during the negotiation process. let's get...
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and yet boeing is planning to cut 10 percent of its workforce by laying those people off where's the money actually going and where is it flowing to especially when right now air travel is not back and boeing has preexisting problems it's not like boeing was humming along just fine when the coronavirus had these were problems of their own making and this is definitely been probably about an 800 to 2 year 18 month to 2 year issue for boeing really facing struggles and many of them of their own making and i want to take that away from them boeing's biggest competitor the air bus told its staff on saturday that the world's largest plane maker is bleeding cash it unprecedented speed and warned that its survival is in question quickly ben what does this mean for air bus and its employees the same thing but bad news for employees there about 3000 employees have been furloughed in france already air bus does not know how they're going to continue to pay all those people they've been trying to you know get those workers back to work as quickly as possible but in the over in france the union
and yet boeing is planning to cut 10 percent of its workforce by laying those people off where's the money actually going and where is it flowing to especially when right now air travel is not back and boeing has preexisting problems it's not like boeing was humming along just fine when the coronavirus had these were problems of their own making and this is definitely been probably about an 800 to 2 year 18 month to 2 year issue for boeing really facing struggles and many of them of their own...
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Apr 30, 2020
04/20
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economy boeing rival airbus also posted a $521000000.00 loss in what it c.e.o. calls the greatest crisis the aerospace industry has ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe they're all dressed up they've got nowhere to go the reason being there isn't any crap and certainly across the pacific coast that news europe not many people are planning a trip to the lake countries of italy right now so it's going to be a long time they're going to readjust and be a smaller company. although the global pandemic took just months to ground much of the aviation industry analysts say it will take years to arrive in a new normal john hendren jazeera chicago. nearly half of the world's workers are in danger of losing their livelihoods because of the pandemic the un's international labor organization is forecasting that up to 1600000000 people working in the informal economy could be out of a job most of them have no welfare protection nor access
economy boeing rival airbus also posted a $521000000.00 loss in what it c.e.o. calls the greatest crisis the aerospace industry has ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe they're all dressed up they've got nowhere to go the reason being there isn't any crap and certainly across the pacific coast that news europe not many people are planning a trip to the lake...
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but now boeing has had a lot going on obviously. in particular with those max jets and those 2 fatal crashes but everybody still remembers fresh in our minds and the planes are still grounded it's been over a year how could boeing bring back these employees when all these planes are grounded and no one is traveling so how does that make any sense adding that to that. boeing customers who actually canceled their orders as well we're talking canceling $150.00 jets alone in march and just today company shares fell more than 3 percent after the china development bank financial leasing company they canceled their purchase of $29.00 boeing $737.00 max jets still though well. when did have an order to make 31 jets but those are for military aircraft and actually one is a freighter for 5 x. but then just in the past day you had a big order come in from germany with the country's defense minister confirming their decision of ordering 30 f.a. 18 super hornets and 15 growlers bell ok what about this coronavirus stimulus bill you had many on bo
but now boeing has had a lot going on obviously. in particular with those max jets and those 2 fatal crashes but everybody still remembers fresh in our minds and the planes are still grounded it's been over a year how could boeing bring back these employees when all these planes are grounded and no one is traveling so how does that make any sense adding that to that. boeing customers who actually canceled their orders as well we're talking canceling $150.00 jets alone in march and just today...
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Apr 28, 2020
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and bring in much needed revenue. >> it's pretty clear people will be looking at boeing. this is one of the steps back to getting people working again. >> reporter: general motors employees volunteered to come back to work building ventilators, requiring new procedures that if successful could be valuable lessons learned when it's time to >>afet is ourroducti iority we arngy stricocol as i r temperatures, screening, wearing masks. there's cleaning protocols from the start of shift to the end of shift. >> reporter: ford has hundreds back in factories building ventilators, making respirators and 3-d printing face shields. >>> how do you keep your workers from getting each other sick? >> we have pre-screening in place. we will have physical separation for the employees when making our own face shield so we'll be using that. >> reporter: boeing officials tell cbs news the health and safety of their employees and their families is the company's priority and their measures are based on federal and state guidance. >> the "cbs overnight news" will be right back. when our daughter
and bring in much needed revenue. >> it's pretty clear people will be looking at boeing. this is one of the steps back to getting people working again. >> reporter: general motors employees volunteered to come back to work building ventilators, requiring new procedures that if successful could be valuable lessons learned when it's time to >>afet is ourroducti iority we arngy stricocol as i r temperatures, screening, wearing masks. there's cleaning protocols from the start of...
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military base where there are lines getting a quote undeserved bailout what about boeing. all right all this week we're going to bring you our special coverage of the corona virus updates with information from all over the world that you may need to know to help protect you and your family we call it tracking coronavirus let's start with the airline story the airlines by the way some of whom pocketed as much as 95 percent of their company's revenues over the last 10 years in stock buybacks as you heard yesterday when we reported it they've been given a bailout by the government this is not sitting well with many americans and especially those on the libertarian side of the spectrum and then there is boeing nobody wanted its controversial airliner before and they certainly don't want it now joining us now is a former n.t.s.b. official jamie finch jamie joining us from his home jamie before we get into that i want you to take a look at some pictures and i shared with the viewers just a little while ago let's put those up once again this is the russian jetliner crashed in may
military base where there are lines getting a quote undeserved bailout what about boeing. all right all this week we're going to bring you our special coverage of the corona virus updates with information from all over the world that you may need to know to help protect you and your family we call it tracking coronavirus let's start with the airline story the airlines by the way some of whom pocketed as much as 95 percent of their company's revenues over the last 10 years in stock buybacks as...
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Apr 29, 2020
04/20
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hello i'm adrian for the get this is al jazeera live from doha also coming up airplane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. allegations that french fighter jets are helping the libyan war coming after. actually until. the outgoing un special rapporteur for man mark pulls out the nation's leader aung sun so much. of the continued persecution of rohingya muslims. the economic impact of the coronavirus pandemic continues to reveal itself in the last few hours the world's largest economy the us reported a 1st quarter g.d.p. loss of nearly 5 percent that's worst that's the worst result since the 2008 financial crisis airplane make a boeing suffered a $640000000.00 loss in the 1st quarter an abcess was also reported a loss of half a $1000000000.00 we have 2 correspondents covering these developments john hendren is standing by for us in chicago to tell us more about the flaws of the aviation industry but 1st let's go to a white house forest correspondent kimberly hellcats. kimberly these quarter one g.d.p. figures today suggest that
hello i'm adrian for the get this is al jazeera live from doha also coming up airplane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. allegations that french fighter jets are helping the libyan war coming after. actually until. the outgoing un special rapporteur for man mark pulls out the nation's leader aung sun so much. of the continued persecution of rohingya muslims. the economic impact of the coronavirus pandemic continues to reveal...
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Apr 30, 2020
04/20
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economy boeing rival airbus also posted a $521000000.00 loss in what its c.e.o. calls the greatest. prices the aerospace industry has ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe you're all roughed up they've got nowhere to go even being there isn't any crap and certainly across the pacific coast bad news europe not many people are planning a trip to the lake generally right now so it's going to be own long time they're going to readjust and be a smaller company although the global pandemic took just months to ground much of the aviation industry analysts say it will take years to arrive at a new normal john hendren chicago other appears to be positive news for the treatment up front top u.s. infectious disease advisor dr anthony found she says seeing progress in trials with the antiviral drug render severe she says the average recovery time was cut from 15 to 11 days while the u.s. national institutes of health reported that they will toilet seat rate d
economy boeing rival airbus also posted a $521000000.00 loss in what its c.e.o. calls the greatest. prices the aerospace industry has ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe you're all roughed up they've got nowhere to go even being there isn't any crap and certainly across the pacific coast bad news europe not many people are planning a trip to the lake...
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Apr 29, 2020
04/20
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ALJAZ
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hello i'm adrian from again this is al jazeera live from doha also coming up a plane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. allegations that french fighter jets are helping libyan war. and farewell to an icon of both bollywood and hollywood's a fun car and dies at the age of $53.00. it's still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the world's largest economy the united states is wiped out a decade of growth shrinking by 4.8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least $600000000.00 while european rival airbus says that it lost more than half a $1000000000.00 in the 1st quarter of 2. europe's largest economy will have the worst year since the end of the 2nd world war germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop in quarter to compare those figures with what we heard from china 2 weeks ago
hello i'm adrian from again this is al jazeera live from doha also coming up a plane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. allegations that french fighter jets are helping libyan war. and farewell to an icon of both bollywood and hollywood's a fun car and dies at the age of $53.00. it's still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the...
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Apr 29, 2020
04/20
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for boeing these numbers were worse even than analysts expected it was hit by a double whammy 1st the company has been trying for a year to get its 737 max plane back up in the air that's its new most lucrative plane in that happen after 2 crashes the killed nearly 350 people is now hoping to get that plane back out mid-year but meanwhile it's losing revenue from that and then along came the coronavirus and the global pandemic just wiped out traffic the c.e.o. of boeing dave calhoun says passenger traffic in commercial airplanes is down 105 percent and that has just walloped the company airbus is down to half a $1000000000.00 in losses the c.e.o. of that company says this is the grave is crisis the aerospace industry has ever seen and it hasn't just hit them southwest airlines posted its 1st loss since 2011 analysts are saying this could hit the aerospace and airline industry for 5 years to come it could take them that long to recover and here in the united states boeing is the largest manufacturing export or so it said that when boeing sneezes america catches a cold and now foundatio
for boeing these numbers were worse even than analysts expected it was hit by a double whammy 1st the company has been trying for a year to get its 737 max plane back up in the air that's its new most lucrative plane in that happen after 2 crashes the killed nearly 350 people is now hoping to get that plane back out mid-year but meanwhile it's losing revenue from that and then along came the coronavirus and the global pandemic just wiped out traffic the c.e.o. of boeing dave calhoun says...
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Apr 29, 2020
04/20
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for boeing these numbers were worse even than analysts expected it was hit by a double whammy 1st the company has been trying for a year to get its 737 max plane back up in the air that's its new most lucrative plane in that happen after 2 crashes the killed nearly 350 people it is now hoping to get that plane back at mid-year but meanwhile it's losing revenue from that and then along came the coronavirus and the global pandemic just wiped out traffic the c.e.o. of boeing dave calhoun says passenger traffic in commercial airplanes is down 5 percent and that has just walloped the company airbus is down to half a 1000000000 dollars in losses the c.e.o. of that company says this is the grave is crisis the aerospace industry has ever seen and it hasn't just hit them southwest airlines posted its 1st loss since 2011 analysts are saying this could hit the aerospace and airline industry for 5 years to come it could take them that long to recover and here in the united states boeing is the largest manufacturing export are so it said that when boeing sneezes america catches a cold and now foun
for boeing these numbers were worse even than analysts expected it was hit by a double whammy 1st the company has been trying for a year to get its 737 max plane back up in the air that's its new most lucrative plane in that happen after 2 crashes the killed nearly 350 people it is now hoping to get that plane back at mid-year but meanwhile it's losing revenue from that and then along came the coronavirus and the global pandemic just wiped out traffic the c.e.o. of boeing dave calhoun says...
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Apr 29, 2020
04/20
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largest export ing manufacturer and it said that when boeing sneezes america's economy catches cold now foundations of highly skilled highly paid boeing workers will be joining the waiters service workers and others who are among the 1st wave of coronavirus layoffs and that will reverberate down the boeing supply chain and throughout the u.s. economy boeing rival airbus also posted a $521000000.00 loss in what it's called the greatest crisis the aerospace industry has ever known. analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe you're all grown up and got no where to go really being there isn't any certainly a product of a separate post about bad news europe not many people are planning a trip to the lake cookery of italy right now so it's going to be only long time they're going to readjust and be a smaller company although the global pandemic took just months to ground much of the aviation industry analysts say it will take years to arrive at a new normal john hendre
largest export ing manufacturer and it said that when boeing sneezes america's economy catches cold now foundations of highly skilled highly paid boeing workers will be joining the waiters service workers and others who are among the 1st wave of coronavirus layoffs and that will reverberate down the boeing supply chain and throughout the u.s. economy boeing rival airbus also posted a $521000000.00 loss in what it's called the greatest crisis the aerospace industry has ever known. analysts say...
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Apr 29, 2020
04/20
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CNBC
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stock futures higher boeing, beaten up and dealing with issues on many sides. will the ceo calm investors with guidance today and the feud supply chain at growing risk trump moving to keep it open we'll talk about what to expect when you go to the stores? coming weeks that and more still to come here on cnbc. >>> welcome back it is almost 5:30 on this wednesday morning. i'm brian sullivan hope you are having a good start. happy 16th birthday to the world war ii monument in washington, d.c. hopefully soon all of us can go see it again in person good wish there. now let's get to your markets. stocks looking to continue the remarkable come back for lows indicating the jump at about 260 points oil remains one of the metrics to watch june delivery slightly higher around $14 a barrel. the july contract. it weakened late yesterday it is above that right now traders very worried about demand you heard our guests saying by mid-may, all of the storage in the world could be filled up >> you've got gdp numbers coming up backward looking. the market likely to pay more atten
stock futures higher boeing, beaten up and dealing with issues on many sides. will the ceo calm investors with guidance today and the feud supply chain at growing risk trump moving to keep it open we'll talk about what to expect when you go to the stores? coming weeks that and more still to come here on cnbc. >>> welcome back it is almost 5:30 on this wednesday morning. i'm brian sullivan hope you are having a good start. happy 16th birthday to the world war ii monument in washington,...
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Apr 17, 2020
04/20
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FBC
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boeing's rallies have been headline driven. the funny thing about boeing is what kind of government deal did they cut, how much patience does the government have, how much money does the government have for them and lastly, do they get that max 8 aircraft back in the sky when people do decide to fly again. for me, that is the real sentimental piece that could kick boeing back up to 200 but this is a very headline driven stock only right now. charles: rob, boeing will say we are essential to the nation's economy and security and president trump has already made certain overtures and comments. i believe they are going to get a huge deal, probably better than the airlines did. >> yeah. no, i agree. everything scott's saying makes a lot of sense. i spent time on the assembly line at boeing plants in washington. i mean, this is a fundamentally important company to the u.s. economy. that being said, as an investor, let's remember what happened during the financial crisis with general motors. general motors stayed around, it got -- bu
boeing's rallies have been headline driven. the funny thing about boeing is what kind of government deal did they cut, how much patience does the government have, how much money does the government have for them and lastly, do they get that max 8 aircraft back in the sky when people do decide to fly again. for me, that is the real sentimental piece that could kick boeing back up to 200 but this is a very headline driven stock only right now. charles: rob, boeing will say we are essential to the...
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Apr 30, 2020
04/20
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economy boeing rival airbus also posted a $521000000.00 loss in what its c.e.o. calls the greatest crisis the aerospace industry. as ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe you're all roughed up and got no where to go even being there isn't any crap and certainly across the pacific coast bad news europe not many people are planning a trip to the great country of italy right now so it's going to be a long time they're going to readjust and be a smaller company although the global pandemic took just months to ground much of the aviation industry analysts say it will take years to arrive at a new normal john hendren jazeera chicago now the international monetary fund has approved emergency funding and sold 3400000000 dollars from nigeria it's a colony relies heavily on oil revenue which has been hard hit by the unprecedented drop in demand and would address has more from. hours before the international monetary fund and now the $340
economy boeing rival airbus also posted a $521000000.00 loss in what its c.e.o. calls the greatest crisis the aerospace industry. as ever known analysts say boeing and airbus will have to restructure for a new marketplace and compete with their own cheaper used planes languishing on tarmacs around the globe you're all roughed up and got no where to go even being there isn't any crap and certainly across the pacific coast bad news europe not many people are planning a trip to the great country...
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Apr 29, 2020
04/20
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CNBC
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at 7:30 eastern time boeing's quarterly results. we'll bring the numbers and instant analysis "squawk box" will be right back. >> announcer: time now for aflac trivia question. who owns the world's largest building the answer when cnbc "squawk box" continues eighty dollars. a hundred dollars. i had good health insurance. why isn't this covered? well, then they started getting bigger. eight-hundred dollars. eighteen hundred dollars. i saved for this. but not that much. i'm glad i had aflac. they gave me money when i needed it most. that's why aflac is here, to help with the expenses health insurance doesn't cover. i love that aflac duck. aflac! get to know us at aflac.com birthdays aren't cancelled. hope isn't quarantined. first words aren't delayed. caring isn't postponed. courage isn't on hold. and love hasn't stopped. u.s. bank thanks you for keeping all of our spirits strong. we've donated millions to those in need and are always here for our customers and employees. >> announcer: now the answer to today's aflac trivia question.
at 7:30 eastern time boeing's quarterly results. we'll bring the numbers and instant analysis "squawk box" will be right back. >> announcer: time now for aflac trivia question. who owns the world's largest building the answer when cnbc "squawk box" continues eighty dollars. a hundred dollars. i had good health insurance. why isn't this covered? well, then they started getting bigger. eight-hundred dollars. eighteen hundred dollars. i saved for this. but not that much....
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Apr 16, 2020
04/20
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that's what really matters you also had phil lebeau come out with some breaking news on boeing boeing saying that it will resume production at its washington state facility next week and boeing jumping on that news, as well and uber, deidre bossa with the ride sharing company is withdrawing guidance for a full year and saying it will take a writedown of 1.9 to 2.2 billion. ride sharing crushed like all travel-related companies as everyone is basically ordered to stay at home three pieces of breaking news. three big calls on technology today. goldman sachs only on netflix, raising their price target to $490, and initiating roku as a buy this while j.p. morgan chase downgraded first twitter made so much of its revenue from events and new launches which j.p. morgan thinks we're just not going to have a lot of. >> yeah. and sports, too. it's certainly where they've been attaching some of the new launches and it's all about add revenue and certainly, this is a company that actually was building momentum into covid they had successive, and i think this is the environment where twitter shine
that's what really matters you also had phil lebeau come out with some breaking news on boeing boeing saying that it will resume production at its washington state facility next week and boeing jumping on that news, as well and uber, deidre bossa with the ride sharing company is withdrawing guidance for a full year and saying it will take a writedown of 1.9 to 2.2 billion. ride sharing crushed like all travel-related companies as everyone is basically ordered to stay at home three pieces of...
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Apr 23, 2020
04/20
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CNBC
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apparently you got burned in this one >> i hate boeing, if i saw boeing i'd purchase it in the face boeing has accounted for all of my losses and i learned how to short and i didn't know you could do that. it went up to 170, 180 and forced me out when i sold it fell right back down to 140. i can't figure out day to day if anything has to do with why boeing has such tumultuous rises and falls. i know it's in the news. i read it, but i can't tie it to why it has these wild swings >> i think is a very good question guy, i'm sure a lot of other traders out there are, you know, in this conundrum as well when it comes to boeing and right now we're in the land of federal bailout so it's a different dynamic. >> 100% different dynamic and i was watching the 2014 draft last night and everyone loved johnny mans man zell, and they thought he was getting a bargain at 22 and the browns and then we know what happened. i think that's exactly what's happening in boeing now. everybody thinks they're getting a bargain at 125 until they report earnings at the end of the month and i think boeing will turn into
apparently you got burned in this one >> i hate boeing, if i saw boeing i'd purchase it in the face boeing has accounted for all of my losses and i learned how to short and i didn't know you could do that. it went up to 170, 180 and forced me out when i sold it fell right back down to 140. i can't figure out day to day if anything has to do with why boeing has such tumultuous rises and falls. i know it's in the news. i read it, but i can't tie it to why it has these wild swings >> i...
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Apr 30, 2020
04/20
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coming up, the latest on boeing. what the future holds for aviation. ♪ boeing is selling $25 billion of bonds following its worst record quarter on record. the travel ban has davey stated cash has devastated the aviation sector. this is -- the travel ban has devastated the aviation sector. this is one of many sectors deviating. >> it is said they are burning through cash at a record rate, and for boeing, that has them going big on bonds. their debt was sold in seven different parts. again, it is 25 billion, the biggest issuance for the year, and the seven part feature of it is, according to people close to the matter. boeing was already hurting even before the covid-19 outbreak, but that had a lot to do with the fact that the troubled 737 max situation was just not resolving in a swift time period. boeing is now betting that its balance sheet strength and access to capital is going to get it through these tough times. and then you've got liquidity, along with its plan to cut jobs and production, boosting its stock,
coming up, the latest on boeing. what the future holds for aviation. ♪ boeing is selling $25 billion of bonds following its worst record quarter on record. the travel ban has davey stated cash has devastated the aviation sector. this is -- the travel ban has devastated the aviation sector. this is one of many sectors deviating. >> it is said they are burning through cash at a record rate, and for boeing, that has them going big on bonds. their debt was sold in seven different parts....
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Apr 29, 2020
04/20
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FBC
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that's what's at play with boeing. boeing has been working with investment banks on a multibillion dollar bond fueled financing package, trying to right its balance sheet as it weathers what is a historic downturn in this business because of the pandemic. one thing to note, because it had considered applying for the treasury assistance, it doesn't want the government involved via an equity stake. if they can get this bond program in place, the fed, because of one of the primary market corporate credit facility, would essentially be there to backstop that credit facility and would be there to provide some support for those banks or people lending boeing money. so that's incredibly important to watch. remember, boeing is under both criminal and civil scrutiny into quality control problems related to the 737 max assembly line. maria: yes, that's and in the journal this morning as well. the company is also saying it is exploring all options in terms of liquidity. so there's the comment regarding liquidity and whether or no
that's what's at play with boeing. boeing has been working with investment banks on a multibillion dollar bond fueled financing package, trying to right its balance sheet as it weathers what is a historic downturn in this business because of the pandemic. one thing to note, because it had considered applying for the treasury assistance, it doesn't want the government involved via an equity stake. if they can get this bond program in place, the fed, because of one of the primary market corporate...
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Apr 29, 2020
04/20
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BLOOMBERG
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we are waiting for numbers from boeing. on the stock market, you are looking at a climb in the equity markets. nasdaq also rebounding. yesterday, the nasdaq was one of the hardest hit. detect winners became the losers, prompting calls for, is this a shift in leadership, or was this just normal trading? european equities a little more mixed, but they have negative autos and positive banks. nonetheless, stronger trading revenue at the big banks. other asset classes, looking at broadly weaker dollar, btp's getting moderately hit. boeing is out right now. revenue coming in $16.9 billion, down 26% year on year. their negative operating cash flow came in about $4.3 billion. loss per share was $1.70 versus $3.16 a year ago. let's take a look at the cash burn, $4.3 billion. airbus had an $8 billion plus, but have of that was due to some settlements, so it seems like there negative cash burn are relatively in-line line with each other. they're looking at a voluntary layoff program, and they are still looking for safe return of servi
we are waiting for numbers from boeing. on the stock market, you are looking at a climb in the equity markets. nasdaq also rebounding. yesterday, the nasdaq was one of the hardest hit. detect winners became the losers, prompting calls for, is this a shift in leadership, or was this just normal trading? european equities a little more mixed, but they have negative autos and positive banks. nonetheless, stronger trading revenue at the big banks. other asset classes, looking at broadly weaker...
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Apr 29, 2020
04/20
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through this -- sufficient liquidity to get boeing for this? we heard earlier on that they are looking at all options right now. brooke: right. i think the bond market has obviously loosened up from what we saw just a few weeks ago, but clearly, but when does need to get cash from somewhere, so what that looks like i think we are still waiting to find out. the ceo pushed back on the idea of the government taking an equity stake in boeing, saying it is not something he would want to consider. that is obviously a condition of the bailout money that did go to airlines, but today he is signaling that option may still be on the table as a possibility for boeing, so they are clearly trying to figure this out. i also wonder if you might see some sort of major equity investor providing an injection of cash. warren buffett is always a favorite that gets talked around. clearly, they need to get money from somewhere to manage through this, just given the magnitude of the problem they are facing. this is not what the rest of the aviation industry is dealin
through this -- sufficient liquidity to get boeing for this? we heard earlier on that they are looking at all options right now. brooke: right. i think the bond market has obviously loosened up from what we saw just a few weeks ago, but clearly, but when does need to get cash from somewhere, so what that looks like i think we are still waiting to find out. the ceo pushed back on the idea of the government taking an equity stake in boeing, saying it is not something he would want to consider....
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Apr 29, 2020
04/20
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outbreak warnings 2 that almost half the global workforce could lose their jobs airplane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. human rights watch says the u.a.e. ignored risks to civilians in a drone strike in tripoli last november. actually. going un special rapporteur from the young mom calls out that ations leader aung san suu kyi over the continued persecution of rohingya muslims. and well to what i call the problem of india act of funk rock dies at the age of 53. it's still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy are being impacted the world's largest economy the united states has wiped out a decade of growth shrinking by 4.8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least $600000000.00 while european rival air bus says that it lost more than half a $1000000000.00 in the 1st quarter to europe's largest economy will have the worst here since the e
outbreak warnings 2 that almost half the global workforce could lose their jobs airplane manufacturer boeing cuts its workforce by 10 percent as demand for global aviation grinds to a halt. human rights watch says the u.a.e. ignored risks to civilians in a drone strike in tripoli last november. actually. going un special rapporteur from the young mom calls out that ations leader aung san suu kyi over the continued persecution of rohingya muslims. and well to what i call the problem of india act...
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Apr 29, 2020
04/20
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ALJAZ
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boeing is america's largest exporting manufacturer so it said that when boeing sneezes america catches cold and now thousands of highly skilled highly paid workers will be joining the waiters this service workers and others who were among the 1st wave of coronavirus layoffs and that will reverberate down the food chain of boeing through its suppliers and around the u.s. economy adrian 100 live in chicago john many thanks indeed we will return in just a few moments to the economic fallout of the coronavirus pandemic but 1st i want to make you aware of developments in another news story that we're following from libya where the un recognized government has complained to france of allegations that french warplanes have been operating over the city of misrata the life out of tripoli of zeros muffled up to what is the tell us more about this. the spokesman of the tripoli. libya's foreign ministry stated that the foreign ministry can tack to its french counterpart demanding an explanation and complaining of what it calls the violation of the libyan airspace by french aircrafts today over the
boeing is america's largest exporting manufacturer so it said that when boeing sneezes america catches cold and now thousands of highly skilled highly paid workers will be joining the waiters this service workers and others who were among the 1st wave of coronavirus layoffs and that will reverberate down the food chain of boeing through its suppliers and around the u.s. economy adrian 100 live in chicago john many thanks indeed we will return in just a few moments to the economic fallout of the...
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Apr 28, 2020
04/20
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BLOOMBERG
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let's start things off with boeing. boeing is reportedly facing criminal and civil inquiries involving the 737 max. has to do with what are called years of widespread quality control on the 737 max. the plane has been grounded more than a year following those fatal crashes. ubs is expressing confidence and caution. the swiss bank says it can survive an increase in bad loans but is warning the coronavirus outbreak will put pleasure on its plans for business. -- will put pressure on its plans for business. in the banking sector, hsbc has taken its biggest charge for bad debt in nine years. europe's largest lender says expected credit losses soared to $3 billion in the first quarter. it was mainly asian focused, and that can rise to $11 billion. the ceo had a plan to increase profits but that has been derailed by the coronavirus outbreak. that is your latest bloomberg business flash. vonnie: on this week's leadership live, david rubenstein speaks with david mckennon about how the agricultural giant is managing fears over f
let's start things off with boeing. boeing is reportedly facing criminal and civil inquiries involving the 737 max. has to do with what are called years of widespread quality control on the 737 max. the plane has been grounded more than a year following those fatal crashes. ubs is expressing confidence and caution. the swiss bank says it can survive an increase in bad loans but is warning the coronavirus outbreak will put pleasure on its plans for business. -- will put pressure on its plans for...
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Apr 27, 2020
04/20
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boeing of acting in bad faith in the negotiations obviously, boeing needs to conserve cash for collapse and demand in planes that's the real reason the deal was killed andrew and becky, you've been on these embraer jets one seat on the left, two seats on the right easy on, easy off. i never feel like i'm on that small of a jet. >> i hate them. >> you do? i like them. >> i hate them >> you know you're on a jet. you like -- you like about 15 seats across. >> takeoffs and landings, if you're in the back of the plane, it's an issue if you get motion sickness. >> you know, andrew, if you're not in the front of the plane, it doesn't matter on those because there is no front of the plane. you don't have that stigma, you know what i mean >> no, it does matter. i don't throw up in the front of the plane. all the seats are the same, but i don't throw up in the front of the plane. when i'm in the back of the plane -- >> did you throw up to walking to sit down today? it doesn't take much for you, does it? >> no, it doesn't be take much. >> well, every time you're on a helicopter - >> bigger planes
boeing of acting in bad faith in the negotiations obviously, boeing needs to conserve cash for collapse and demand in planes that's the real reason the deal was killed andrew and becky, you've been on these embraer jets one seat on the left, two seats on the right easy on, easy off. i never feel like i'm on that small of a jet. >> i hate them. >> you do? i like them. >> i hate them >> you know you're on a jet. you like -- you like about 15 seats across. >> takeoffs...
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halted production of boeing's commercial airplanes and now the beleaguered aerospace company is being sued for hundreds of millions of dollars and this for refusing to return advance payments over canceled orders for its troubled 737 max but what does the future hold for boeing well for this we turn to the journalist molly barrows contributor with america's lawyer molly good to see you but let's start with this how has a coronavirus impacted the company. oh my goodness boy i bet boeing just hates to look at the newspaper headlines in the morning when some of their leadership gets up but i tell you right now they're slowly getting back to work they started production of some of their planes after the stay at home order was issued by the government last month they're just now starting to get back to work on some of those commercial airplanes but a lot of their facilities are still closed and you know this time last year in the 1st quarter they had produced around $150.00 planes this year the 1st quarter it's 50 planes and that's down from the 60 that was projected and. you talk about op
halted production of boeing's commercial airplanes and now the beleaguered aerospace company is being sued for hundreds of millions of dollars and this for refusing to return advance payments over canceled orders for its troubled 737 max but what does the future hold for boeing well for this we turn to the journalist molly barrows contributor with america's lawyer molly good to see you but let's start with this how has a coronavirus impacted the company. oh my goodness boy i bet boeing just...