Business
Boeing in Crisis Mode as Legacy Vanishes Into Thin Air
Boeing’s name and its troubled 737 Max model are linked to some of the worst aircraft safety and design failures in recent aviation history. Bloomberg’s Siddharth Philip reports.
Read more on this story here: https://www.bloomberg.com/news/features/2024-01-14/boeing-737-max-9-crisis-trust-in-airline-safety-will-take-years-to-repair
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Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg’s Ed Ludlow in New York at the Nasdaq.
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Business
Trump making “major mistake” with Nvidia chips to China, says Burns #shorts #china #nvidia #ai
Former US Ambassador to China Nicholas Burns tells David Gura President Trump is “making a major mistake” by allowing Nvidia to sell its products to one of the US’s biggest rivals, China https://bloom.bg/3SQPXSd
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Rep. Michael McCaul says Ukraine is gaining momentum on the battlefield but urgently needs more Patriot interceptors and stronger air defenses to counter Russia’s escalating missile attacks. He urges deeper US-Ukraine defense cooperation, including licensed Patriot production and joint drone development, while arguing sustained military pressure offers the best path to negotiations with Russia.
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Nuveen Head of Fixed Income Strategy Tony Rodriguez, State Street Global Head of Gold Strategy Aakash Doshi, Coresight Research Founder & CEO Deborah Weinswig, Principal Venture Partners Founder & Managing Partner Songyee Yoon, Alphasimplex Chief Research Strategist Katy Kaminski, Principal Asset Management Chief Investment Officer & Global Head of Equities George Maris, Morgan Stanley Equity Research Managing Director Alex Straton, MNTN CEO Mark Douglas, & Former HUD Sectretary Henry Cisneros.
Chapters:
00:00:00 Bloomberg The Close
00:01:12 Fed Minutes, Inflation Fears & Rising Treasury Yields
00:03:26 Nuveen on Bonds, Inflation & AI Debt Issuance
00:10:14 State Street on Gold, Geopolitics & the Fed
00:16:21 Top Calls
00:17:40 Levi’s Earnings Preview: Beyond Denim Growth Strategy
00:23:22 AI Infrastructure: Are Hyperscalers Overspending?
00:30:53 Stock of the Hour: Alibaba’s AI & Cloud Comeback
00:36:39 AlphaSimplex on Volatility, Oil & Inflation Risks
00:43:13 Closing Bell
00:46:35 Energy Stocks Rally While Airlines & Travel Sink
00:54:21 Post-Close: Tech Volatility and AI Leadership
00:56:30 Principal Asset Management on Navigating Market Volatility
01:02:05 Levi’s Earnings Beat: Guidance Raised
01:02:35 Morgan Stanley’s Retail Outlook for Earnings Season
01:08:28 Meta’s Cloud Ambitions & AI Infrastructure Debate
01:20:27 Toyota Expands U.S. Manufacturing in Texas
01:28:26 What to Watch
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Bloomberg’s Nic Querolo joins Katie Greifeld on “Bloomberg Real Yield.” After decades of drawing in tens of thousands of new residents as gleaming apartment towers rose near the Hudson River waterfront across from Manhattan, Jersey City has suddenly found itself teetering on the financial brink.
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@joshdenton611
January 18, 2024 at 1:28 pm
trust shmust. just sell them cheaper. bottom dollar always trumps safety. give each passenger their own parachute and say "do the other airlines do this?". Then you have the market cornered again. just stuff the individual parachutes in the same compartment that the air masks fall out of when they hit turbulence.
@xraylife
January 18, 2024 at 1:28 pm
MBA's are the best people to run technology businesses 😂
@francischan57c
January 18, 2024 at 1:28 pm
Have an independent QA for a start.
@douginorlando6260
January 18, 2024 at 1:28 pm
Management hated the Union for pressuring them to maintain quality. Management was hell bent on eliminating vital skilled employees while enriching themselves and Union reacted.
@douginorlando6260
January 18, 2024 at 1:28 pm
Boeing’s legacy vanishes into thin air because 737 max aircraft vanishes off the ATC’s radar screen
@desobrien3827
January 18, 2024 at 1:28 pm
The so called expert is a "drip under pressure".
@JS-gt5bh
January 18, 2024 at 1:28 pm
The media is never going to report on the thousands of safe take offs and landings of all aircraft. 😅 Obviously this incident is not good. My understanding is that in the 2 crashes of the MAX the pilots were poorly trained? Was that Boeing's fault or the airlines involved? Luckily nobody was killed in this incident and the good thing is that all the airlines are going to be taking a better look at all their aircraft. Travel by air in any aircraft is the safest form of travel out there. Do not let the MEDIA control you.😊
@azeoprop
January 18, 2024 at 1:28 pm
Honda should Start building big commercial jets.
@tylerdurden4006
January 18, 2024 at 1:28 pm
Legacy? Of always crashing and engine blowouts and incidents? Why does everyone act like this is the first time a boeing had an incident?
@jeep146
January 18, 2024 at 1:28 pm
Old saying" It all rolls downhill". If Boeing management is bad it just rolls down till it gets to the floor worker. Change has to start on top but they are not willing to do it. I worked on military aircraft and to increase productivity they hired a company to check the process and times to do a job. In the end they just threw away the findings. They found nothing wrong with the workers it was all on management that was bad.
@EmperorShang
January 18, 2024 at 1:28 pm
Boeing and the FAA's decision to hire 2 managers for every factory worker is a bold move, Pepper. Let's see how this plays out.
Boeing: 🔥🔥🔥🔥
@josiepatrick406
January 18, 2024 at 1:28 pm
No issue past blue state clown car crisis. How's that having IT tell the engineers what they can and can't do working out for you folks?
@cpm_edc
January 18, 2024 at 1:28 pm
Too many bad engineers are coming out of college, its fucked.
@heyaisdabomb
January 18, 2024 at 1:28 pm
As your former employees said in the netflix documentary years ago, they cut from 15 quality control experts per assembly line down to 1. And allowed anyone around them to sign off on work done, no matter their qualifications. They found a ladder in the tail of a plane. All so they could increase stock prices. I will never fly on a newer boeing again.
@wademckinnon2429
January 18, 2024 at 1:28 pm
Too many overpaid executives – getting rich at the company’s expense.
@GH-oi2jf
January 18, 2024 at 1:28 pm
Responsibility starts with the Board of Directors. Boeing had a useless board at the time of the MCAS fiasco, and it is only marginally better today.
@ejny486
January 18, 2024 at 1:28 pm
I hope Boeing will be banned soon! Safety of all passengers is the priority! Condolences to those lives lost because of Boeing plane crashes. 😢
@johnjoseph3667
January 18, 2024 at 1:28 pm
Boeing execs have had plenty of opportunities to improve their game but all they've done is put lipstick on the pig (no offense the smart pigs).
The Trump administration let them off with a big fine after the 2 MAX crashes killed 350 people.
Maybe Biden should consider jail time for the Boeing people responsible for this latest catastrophe.
@TheBmco99
January 18, 2024 at 1:28 pm
I heard one of Bowens spokesman say in 2021. I believe that they were going to rename the Max eight max nine I believe this is the problem they need to quit associating the 737 with these Max planes the old 737 were great aircraft they were built by real aircraft builders now Bing owned by bankers And government official it seems that don’t have a clue about aircraft only about making money they might’ve should’ve bought some bolts for these aircraft would’ve went along way
@lours6993
January 18, 2024 at 1:28 pm
“Rebuild trust”?! That will take a decade and the purge of all management – This is their third time around the block at ‘rebuilding trust.’
@BigEightiesNewWave
January 18, 2024 at 1:28 pm
Scarier still is that Spirit makes airframes, stabilizers, etc. for Airbus.
@BigEightiesNewWave
January 18, 2024 at 1:28 pm
Perhaps FAA can add the door to the CDL. Albeit, fly no higher than 8-10k feet altitude. Place a sturdy net over the hole.
Config. Deviation List can include panels. Door-plug could be classified as a panel.
@nwmacguy
January 18, 2024 at 1:28 pm
Iir, Boeing started downhill after the McDonnell-Douglas merger due to McD execs coming onboard. Get rid of any remaining McD execs?
@Dan-gy3cu
January 18, 2024 at 1:28 pm
The Chinese government might want to think twice before putting into use the trade secrets it stole from Boeing.
@jermaineh6298
January 18, 2024 at 1:28 pm
The Boeing logo is Saturn
@alanccvoo
January 18, 2024 at 1:28 pm
man ..i feel for share holders..they though they are out of the fox hole ..but now being drag back in…very lucky that no fatalities ..can you imagine the headlines where a child and the mother suck out of the aircarft at 16000 ft and died …jesus
@pedrosmith4529
January 18, 2024 at 1:28 pm
If it's Boeing, I'm not going.
@kiatwatgiattanonphds5551
January 18, 2024 at 1:28 pm
Israel behind the scenes NSA know that
@user-yl4rr5no7q
January 18, 2024 at 1:28 pm
BOEING NEEDS TO BRING ALL THEIR WORK BACK IN HOUSE! SKILLED LABOR IN NOT CHEAP CHEAP LABOR IS NOT CHEAP! STOP SENDING WORK TO RIGHT TO WORK STATES WHERE EMPLOYEES CAN'T SPEAK UP WITHOUT FEAR OF RETALIATION!
@tobiwan196
January 18, 2024 at 1:28 pm
So now the airlines have to babysit Boeing during production. 😂
@unfixablegop
January 18, 2024 at 1:28 pm
They really have to concentrate on building planes that fly.
@vb4567
January 18, 2024 at 1:28 pm
For want of a nail (a bolt) a horse was lost…..
@jonpetter8921
January 18, 2024 at 1:28 pm
Airbus has been ahead of Boeing in civil aviation for sometime. Boeing is only history. Two of the best passenger planes in modern era were from Airbus: A380 and Concorde.