40 Burst results for "Boeing"
Monitor Show 16:00 10-25-2023 16:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. 100 index at the closing bell right now, down 61 points, a drop now of 1 .4%. 10 -year yield, 4 .93%, with a two -year that's yielding, 5 .11%. Spot gold up $9 .50 an ounce to $19 .80. That is a gain of 5 .1 % while West Texas Intermediate Crude is up 1 .8%, 85 .26. Here you have the applause of the New York Stock Exchange, as we wrap up the trading day. Boeing meanwhile, member of the Dow, lowering its annual target for 737 aircraft deliveries as the American planemaker grapples with quality shortfalls afflicting its top -selling model. Boeing shares lower now by 2 .5%. Again recapping S &P 500 index, ending the day lower by 61 points, a decline of 1 .4%, 10 -year 4 .94%, I'm Charlie Pellet. That is a Bloomberg Business Flash.
Fresh "Boeing" from News and Perspective with Tom Hutyler
"They are free bring a family northwest news time two fifty four from northwest news radio you're home for breaking news and traffic and weather every ten on minutes the force here's kimmy klein from the high performance homes traffic center already seeing some drives slow through seattle south and i five into the city from lake city way and heavy again already from the boeing access road towards south two hundred were packed in the fight already to south and i -5 leaving highway 18 equal backups on the valley freeway filling in out of brenton towards kent and then more so between auburn empty wallet on the east side your travel time from bellevue to brenton's at 35 least or 40 minutes and getting to the north end bellevue to evert is 45 minutes seattle to evert 55 minutes next northwest traffic at 304. here's the pugetown forecast sponsored by northwest crawlspace services yep gonna have the rain continuing tomorrow and through the weekend highs mid 40s on friday and
A highlight from GARY GENSLER ATTACKS STONER CATS NFTS & RIPPLE XRP WILL FIGHT SEC, HEDERA HBAR STABLECOIN STUDIO!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off with the SEC versus NFTs. Stoner Cats agrees to pay a one million dollar fine to settle SEC charges. The Hollywood superstar backed Stoner Cats NFTs has neither admitted nor denied the SEC's allegation that it issued an unregistered security. So once again, folks, we see regulation by enforcement by scumbag regulator Gary Gensler. They're not putting out the clear rules of the road. And we even have two commissioners that dissented from this enforcement action. So we see even folks within the SEC don't agree. But we know Gary Gensler has been running around with a false narrative saying everything in the crypto industry is a security and that it's breaking securities laws. But of course, he's not providing any guidance. And we saw even members of Congress question him. Tell us what is it, which crypto coins and tokens are securities? Is Ethereum a security? Is XRP is a security? He can't answer. Right. So we are dealing with nonsense. And, you know, the challenging part here is that he takes these settlements here because these companies don't have the capital to fight the government, to fight the SEC. You saw Ripple. It's they spent one hundred million dollars to fight the SEC. So many of these companies don't have that type of capital. So they settle just to get the SEC off their back. But unfortunately, you know, Gary adds this to his wins list. Now, the good thing is that Stoner Cats is not some major brand, you know, well -known. The defeat that the SEC took with Grayscale and Ripple and I think soon Coinbase, those are big names and well -known. So they carry more weight when, you know, Gary takes the loss. So let me give you the details here, guys. The U .S. Securities and Exchange has charged and settled with NFT issuer Stoner Cats, too, for allegedly offering an unregistered security. Without denying or admitting to the SEC's allegations, Stoner Cats, too, has agreed to cease and desist from offering the NFTs and pay a one million dollar fine. Stoner Cats, too, also agreed to destroy all NFTs in its possession and issue a notice of order on its website and social media channels, the SEC said. Now Stoner Cats, if you're wondering who is the Hollywood backers, it was issued by actors Ashton Kutcher and Mila Kunis. They released 10 ,000 NFTs in a highly anticipated drop in July 2021. The drop raised eight million dollars. Now, folks, you see how ridiculous this is, you know? So what does that make any artwork that's put out there on the Web, right? Let's say it's not in NFT format. Let's say it's baseball cards or sports cards. This is just ridiculous. The SEC is completely overreaching here. And don't get me wrong, they have a job to do to monitor these NFT prices and crypto projects because there are bad actors. But clearly they're going after the good actors and they're leaving many bad actors to do their thing. So this really sucks. Now, SEC Commissioners Hester Peirce and Mark Ueda issued a dissenting opinion Wednesday arguing the Howey test cannot be met. So clearly, clearly the SEC is divided here and we know the entire industry and even members of Congress are not on board with this nonsense. But Congress has to act. The onus is on them to get the rules in place because Gary is just going to continue his nonsense and he's trying to get that Treasury job. So he's just trying to rack up wins here to say, see, look at all the enforcement actions I took. Look at all the capital I got. And he won't give the details to say, hey, these guys were just trying to issue NFTs. He'll say, you know, they're scammers, they're hucksters, they're doing all kinds of bad activity. Right. So that's his narrative. So we got to fight, folks. And this is why we use social media to our advantage, contact your representatives and much more. Here's what Mark Ueda had to say. Analyzing investment contracts in this way carries implications for creators of all kinds. We're to apply these securities laws to physical collectibles in the same way we applied them to NFTs. Artist creativity would wither in the shadow of legal ambiguity. Mark summed it up really well there. This is really, really insane what the SEC is doing. And we got to keep fighting, folks. But scumbag regulator Gary Gensler continues. Now, interestingly enough, yesterday, some folks from Ripple were interviewed by CNBC. And here's the headline from CNBC. Ripple says it will fight the SEC lawsuit all the way through. Ripple said it plans to fight the ongoing lawsuit with the U .S. Securities Exchange Commission all the way through its president, Monica Long, told CNBC. Ripple is among the crypto companies such as Binance and Coinbase, which are being sued by the SEC for violating laws. So Ripple is going to continue fighting. You guys know there's going to be even the proper party at the end of the month of September. And I'm looking forward to that in New York City. I will be attending. I know some people are down on it because the prices are down. But look, if you have to understand the market cycles, right, what's playing out, everything's down. Bitcoin is down. Even a large, large part of the markets out there because of the macroeconomic factors of inflation, rate hikes and much more. So I'm glad to see that Ripple is going to continue fighting and I'm sure they're going to push for some sort of settlement. And we know the SEC is trying to appeal, but, you know, Ripple took the bigger slice of the pie from a victory standpoint where XRP token was intrinsically stated as not being a security. And I think the judge got it right there. It goes back to how we test the orange groves and the oranges that we get at our supermarket or orange trees in general are not securities by themselves, but rather it's the packaging. So that's the key. So the tokens themselves, not securities is just how are they being packaged? And don't get me wrong, NFTs could be, and I say could be in certain circumstances, securities, right? If they're packaged in a certain way. But we know if you just simply issue artwork and NFTs on the blockchain, that does not make them intrinsically a security. But Gary Gensler, we know he doesn't. He's trying to muddy the waters and cause confusion and just saying everything that's issued is a security. We know it's nonsense. Now, moving ahead, Flare, many of you hold the Flare tokens. If you're an XRP holder who participated in the Flare snapshot, you got a distribution of your Flare tokens. You continue to get that. I personally am doing that and I delegate my Flare tokens and I'm earning rewards. I'm doing the same thing for Songbird. You can of course invest in the Flare token if you want. Well, Flare is going to be moving to a staking model and they provided an update here saying we will soon enter phase two of three in Flare's transition to a staking model, opening new opportunities to delegate stake to validators and earn rewards. The date when staking can commence will be announced in the coming weeks. So if you're a Flare token holder, this is great news and I'm looking forward to this. If I can stake and earn more rewards, that'll be great. And you know, I'm not selling any of the earnings I get from delegation because we're in a bear market. I am just delegating, earning more tokens, and then when the bull market comes, I will be looking to take profits as the prices rise. Now speaking of prices rising and selling, a great platform to do so is on Uphold, which is a great platform. I've been using them since 2018. They're one of my go -to exchanges. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities and 37 national currencies. So that's different Fiat currencies, and you can swap easily between precious metals, cryptocurrencies, and these different 37 national currencies. So if you'd like to learn more about Uphold, please visit the link in the description. All right, folks, we got some very big Hedera HBAR news. So recently I interviewed Leemon Beard, who's one of the co -founders of Hedera. They're doing great things. I think this is going to be one of the blockchain projects that can really come out of this speculative crypto bubble and be one of the winners, right? If you look at the speculative bubble of the dot -com boom, you had your Googles, your Ebays, your Amazons, and a few others that came out that did really well. I think Hedera is one of them. And part of their governing council includes Google, Dell, IBM, Boeing, some of the biggest names. And just recently, Hyundai and Kia started building on the Hedera network. So huge news. So they tweeted out, we're excited to announce the Hedera stablecoin studio, the all -in -one stablecoin configuration issuance and management toolkit tailored for Web3 platforms, institutional issuers, enterprises, and payment providers alike. By leveraging Hedera, the network, and in collaboration with our partners, the stablecoin studio delivers a highly performant, seamless, and end -to -end stablecoin solution with proof of reserve, dedicated custodians, and network native KYC slash AML flagging. So this is pretty big. They said with Hedera, predictable fees, high programmability, and robust network of ecosystem partners, stablecoin issuance and management have never been simpler. Everything you need to build and configure stablecoins with ease. So this is a really great feature. Obviously, stablecoins are going to be a big part of the token economy and the ability to have your blockchain utilized for tokenization, whether it be CBDCs, stablecoins, NFTs, tokenization of real -world assets, and much more is going to be key to adoption because that's the future. So Hedera is ahead of the curve in many ways. And if you haven't seen my interview with Lehman Abir, be sure to check it out because we talk about the Hyundai -Kia situation. We talk about Xinhan Bank with their stablecoin on the Hedera blockchain being used to improve cross -border payments. So it's really, really big things happening here. I'm very bullish on HBAR. Now moving ahead, Coinbase, to integrate the Bitcoin Lightning Network in a bid to drive adoption, Coinbase CEO labeled Bitcoin the most important asset Tuesday following an announcement his company would integrate Lightning. Now Coinbase is a little bit late to the game here. There have been other exchanges like OKEx that integrated the Lightning Network. But more and more, I think, platforms are going to leverage the Lightning Network to help boost Bitcoin's ability to scale. Look, I don't think the Lightning Network is even there yet. We know the folks at Lightspark are trying to do something, Jack Mahler's strike, but it's not there. Look, Bitcoin is a great store of value, great hard money, great digital goal. I view it from that standpoint. And that's why I hold it in my portfolio. It has made me money. But for payments, not great. Not great at all. Now there could be great improvements to the Lightning Network where it gets global adoption and people start using it. But we are far from that. And we'll have to see what guys like Jack Dorsey's Cash App, David Marcus's Lightspark, Jack Mahler's strike, and these guys do because they've done it in small increments and small markets. But there's no major global adoption here where people are like, I'm going to go spend some sats. Don't get me wrong, it may be happening in, once again, small scenarios in El Salvador. But what about the rest of the world? People are opting more for stablecoins. So this is something that the folks who are building the Lightning Network have to figure out how to scale this thing and make it easy for people to onboard. So Coinbase looking to make a push here and get more adoption around Bitcoin, and it certainly makes sense. Bitcoin is definitely the brand that's well known. A lot of people come into the market via the Bitcoin asset, and then they usually go to altcoins after that. Now speaking of altcoins, Vitalik Buterin was speaking at Permissionless, the crypto conference in Austin. It's actually held by Blockworks. And he talked a bit about what's in the future for Ethereum. Now, some people listening to this may be very upset at Vitalik, Joe Lubin, Bill Hinman and so forth. And that's fine. You know, I understand I'm not the biggest fans of these folks as well. I do respect Vitalik as a coder and what he has built. I think folks can't ignore that. He did build a great platform. First mover advantage, the EVM is used by many other different blockchains. And there's been a lot of building on Ethereum. You can't deny that regardless if you hate it or you don't hold it. The facts are there from DeFi to NFTs and much more. And a lot of smart contract tech is being used and built around Ethereum. And he made some interesting statements as to what Ethereum is going to target next. So he said DeFi is cool. NFTs are a new primitive, but an extension of something that has a history and using crypto for payments is good, but also familiar. These are individual pieces that are designed to fit it into an ecosystem that's otherwise the same as before, Buterin said. He said what he's excited about is decentralized social, repeatedly name dropping Faircaster, a Twitter like protocol on the OP mainnet with a companion warp cast mobile app that is currently invite only alpha release. Along with Lens developed by Aave founder Stani Kulichov and running on Polygon's proof of stake chain, Faircaster and similar social experiences are using crypto tools to complete with centralized platforms. Let's see how far we can push things in that direction, Buterin said. But where I see the longer term feature here is it really can plug into all the other stuff that we've been doing as a space. So it sounds like he's trying to build like some sort of decentralized social platform that will include the tokenization, the entities, the DeFi and so forth. That makes sense. And as we head into Web3, just as people transition from Web1 to Web2 and even earlier versions of Web2 social platforms like Myspace and Friendster to eventually Facebook, Twitter and so on, we're going to see a transition from the Web2 social platforms into Web3 social platforms, especially as they become more easy to onboard and use. And there's a layer of rewards of tokens. And if people can legitimately earn tokens and get paid for their activity and it's on the block chain, it's verifiable, it's hard to hack and things like that. They will come folks. They will come. People will come, especially as data breaches continue with social platforms mainstream and other platforms as well. So interesting statements here from Vitalik. And I think we want to watch this closely because look, like I said, Ethereum has the adoption, has a lot of developers, has a lot of capital behind a lot of resources. So if there's any token that comes with these social platforms, I'm going to be looking into that and be looking into these platforms and seeing how I can capitalize on it to make a nice return. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button. Hit the five star rating on the podcast platforms. Don't forget to check out the merchandise store. Link will be in the description where you can buy the podcast branded gear as well as fire Gary Gensler T -shirts and hats and much more. Thank you for your support. And I'll talk to you all later. Bye bye.
Fresh "Boeing" from Morning News with Manda Factor and Gregg Hersholt
"Of clothes and ribbons. They aren't hidden away then torn into with reckless abandon. Some gifts are needs like food or shelter, and those can be the most precious of all. In a year with fewer red kettles, help rescue Christmas for those facing poverty with a $25 monthly donation. Donate at northwest Northwest News time 154 traffic updates every 10 minutes on the force from the High Performance Homes Traffic Museum traffic build an effort on the Boeing Freeway eastbound 526 between Seaway Boulevard and Evergreen Way. We're also getting heavier in Seattle, a little bit lengthier of a slowdown south on I -5, leaving Northgate past Mercer Street and then heavy again I around -90. Eastsiders same situation although it's more of a scattered slowdown south on 405 at a 12 -year -old from southeast towards State Route 900. Northbound 405 is still rolling slow out of Renton 2 between 167 and Sunset Boulevard and you're if heading away from Sea -Tac Airport it's a little crowded down the hill eastbound 518 leaving Highway 99 towards South Center. Minor delays on 167 still between Algona and 24th in Sumner now. The support sponsored by Lowe's big save every day during Lowe's 25 days of deals. Shop daily deals for the whole home. Lowe's 25 days of deals. next Your northwest traffic at 204. And the forecast sponsored by Northwest Crawl Space Services. This weather is going to be pretty gray and rainy over the next week or so at least
Monitor Show 18:00 09-10-2023 18:00
"Thank you, Kaylee. That was Bloomberg Sound On co -host Kaylee Lines reporting from our Bloomberg 99 .1 newsroom in Washington. And you can hear Sound On weekdays 1 to 3 p .m. on Bloomberg Radio. And that does it for this edition of Bloomberg Daybreak Weekend. Join us again Monday morning at 5 a .m. Wall Street time for the latest on the markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com. And the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Monday, September 11th in Hong Kong. Sunday, September 10th in New York. And coming up today. Vietnam Air closes in on a $10 billion deal with Boeing for 737 Max jets. Italy signals it will exit China's Belt and Road investment path. And Alibaba's former CEO decides to quit just months after agreeing to lead its cloud division. G20 final wording on Russian invasion of Ukraine. Biden says climate change threat worse than nuclear attack. Fauci says Covid cases will rise but doesn't predict major surge. I'm Ed Baxter with Global News. Novak Djokovic battling Daniil Medvedev in the U .S. Open final. I'm Ian Schwartzman. I'll have that story more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Hi everybody. Good morning.
Fresh update on "boeing" discussed on Morning News with Manda Factor and Gregg Hersholt
"More Israeli hostages are expected to be released from Gaza as the ceasefire day. stretches through Talks going a on seventh to keep it going further so more people kidnapped last month can be freed. Meeting in the region with Israeli and Palestinian leaders, Secretary of State Antony Blinken. We share the elation, the relief of the families from more than a dozen countries, including the United States, who've been reunited with their loved ones. Answering a question about whether he believes that Hamas knows where all the remaining hostages are being held, White House National Security Council spokesman John Kirby. We do think that there are some other groups than other Hamas that might be holding hostages. But that's not to say that Hamas doesn't have visibility on that or doesn't have a way to find out about it. So the onus is really on Hamas. Once the ceasefire ends, US officials have asked Israel to debates going on in the house over whether to expel New York Republican George Santos. The debate was led by fellow Long Island Republican Anthony Diasposito. George Santos is a liar. Santos stands accused of 23 counts in a federal indictment. The House Ethics Committee says he used campaign cash to pay for Botox treatments and weekend getaways. But as the embattled congressman himself put it in his own defense on the House floor, I have been convicted of no crimes, Mr. Speaker. Expulsion requires a two -thirds vote, and several conservatives have spoken on Santos' behalf, saying they don't want to see the House setting a new modern precedent of expulsion before conviction. Steven Washington. After a nearly ten -month blockade on military promotion, Senator Tommy Tuberville, Alabama Republicans, as he plans to move forward with pending nominations as soon as next week. With oil and gasoline prices still dropping, Saudi Arabia and others in the OPEC oil cartel say that they will extend oil production cuts into the new year. You're listening to ABC News. Patrick was way behind on his IRS taxes. I was in way over my head. The total amount ended up being somewhere just over $30 ,000. $30 ,000. Then the IRS came to collect. Started getting letter after letter. A lien had been filed against me. They were gonna basically, like, hang me completely out to dry. to do He had something. That's when I reached out to Optima Tax Relief. Patrick's life quickly got a lot easier. It was very easy. Pretty much hands off. You know, they picked up the ball and ran with it. And how'd it go? I couldn't believe it. I had to ask, two or three times. I saved an incredible amount of money. How does Patrick feel about Optima? Couldn't be happier. They definitely helped me. Optima Tax Relief, the best place to call. They're the best in the business. Do what Patrick did and call Optima Tax Relief for a free consultation. Call 800 -343 -6460. 800 -343 -6460. -6460. 800 -343 Optima Tax Relief. Testimonial from an actual client. Some restrictions apply. For complete details, please visit OptimaTaxRelief .com. In Hawaii, a federal investigation into what happened at Maui's main airport today. An ambulance and fire engine surrounded a Hawaiian Airlines Boeing 717. The FAA says a plane hit an airport vehicle while it was pushing back from a gate. Local reports say an employee at the airport was injured. The flight was heading to Honolulu. Everybody on board had to get off using stairs and then they walked to the terminal so the plane could remain where it was for the investigation. Hawaiian Airlines put passengers on other flights to Honolulu. Alex Stone, ABC News. Elon Musk in the hot seat after New a York Times interview Wednesday where he used an expletive repeatedly to tell advertisers who pulled out of X that he doesn't want their support. The ads pulled after Musk agreed with an anti -semitic post on X. Musk's latest comments could be devastating to the social media platform according to ABC's Alexis Christoffers. I think it's going to be tough for X, formally known as Twitter, to get that money back, to get those advertisers to come on board. He admitted that if there was a massive advertising boycott, it would ruin the company. He said if that were to happen, users would know it wasn't because of him, but it was because of the advertisers. And when asked if he would continue to fund X, he basically said no, he would not be there to continue to funnel money into a losing competition. At a Republican lunch today, US Senator Rand Paul performing the Heimlich maneuver on Senator Joni Ernst when she started choking. Paul's an MD, an eye doctor. This is ABC News. Newsradio 1000 977. FM Stay connected, stay informed. Good evening. I'm Taylor Van Cise. We check the traffic
A highlight from HUGE HBAR NEWS! FEDNOW HEDERA DROPP - COINBASE CRYPTO REGULATIONS, ARGENTINA BITCOIN + COREUM
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off by giving you some perspective about all markets and bad actors and good actors. You know, quite often we hear Gary Gensler say there's a lot of scammers and hucksters and whatever else in the crypto market, right? He's painting the whole industry and asset class with broad strokes. But we know that's a lie and he's just gaslighting, right? But if you look at all markets, there are bad actors there. For example, UBS, one of the largest banks to pay $1 .4 billion for fraud in mortgage backed securities. So great example that even a established, fully regulated industry still has fraud happening, JP Morgan and all these banks, Wells Fargo, they all get billions of dollars in fines almost every year because they're doing something shady. And that is because in civilization and humanity, there are bad people looking to do bad things. So it's not that the technology or the asset class is bad, but rather there needs to be proper regulations and we have to weed out the bad actors. Now one could argue it's not possible to weed out every bad actor because we don't know what's happening in the minds of people. We're not mind readers, but we at least have to have proper regulations. So when you see the likes of Gary Gensler and others who are anti -crypto, gaslighting and putting out sensationalized headlines, don't be dismayed and realize what's happening. They're trying to put out a narrative. And we know crypto is here to stay. There are a lot of folks building with the technology. Are there bad actors? Of course, just look at Sandbank -Meerfried, right? But Sandbank -Meerfried is crypto's Bernie Madoff. So you just see these things when you line up all markets, you see the bad actors and of course the good actors. So a great example here. Now folks, Michael Burry, the big short Michael Burry, apparently he is running some shorts here and it's at a market value of $1 .6 billion. Apparently he bought $890 million of the SPY puts, bought $740 million of the QQQ puts Now, we don't know what the expiration dates are on these. So we don't know what the timeline is here, but he's looking to short the stock market and we'll see how that works out because look, he was right with the 2008 mortgage backed security situation and everything that took place there. He was absolutely right, but he hasn't been right every time. And we'll see where this goes. But I think he's seeing something on the horizon that what many of us have been tracking, many analysts is that the stock market is retracing. I don't know if this is a move to all time highs. I honestly don't know. I took some profits recently because I'm like, I don't know. I'll walk away with some money on my stocks, but we'll see what happens. And, you know, as far as the stock market and we know Bitcoin and crypto has been correlated to it, you know, Bitcoin is at a pivotal moment right now. So one of analysts tweeted out sideways at $29K has run its course. So it's decision time for Bitcoin this week. Is our next significant move up or down? You all know. I'm hoping it's upwards. Right. I've been sharing a chart with you guys for over a year now where we've been following Bitcoin's retracement. You know, certainly it's going to be a roller coaster ride upwards, just like it was in 2019. Nothing goes up in a straight line. But boy, I hope there's another leg up that takes us to, you know, 40K plus. And that will be a nice retracement move, at which point I'll take some profits. But there's no guarantee of that. And right now, Bitcoin is still holding support here with this trend line. But boy, like I said, guys, I'm hoping for another move up. We'll see what the catalyst may be, maybe some bullish news, some other big player entered in the crypto market. But let's keep our eyes on this. Hopefully it's not a dump. All right, folks, we got some very huge Hedera HBAR news. You all know I hold HBAR in my portfolio. I am bullish on it. I continue to dollar cost average, you know, not financial advice. Please do your own research. So here's the headline. FedNow showcases DLT powered payment system as service provider. The United States Federal Reserve's instant payment system FedNow has added a company powered by the distributed ledger technology platform Hedera Hashgraph to its showcasing service providers. On August 14, FedNow's official website added DROPP, a micro payments platform built on Hedera to its FedNow service provider showcase section. The section aims to connect financial institutions and businesses with service providers that can help them innovate and implement instant payment products using the FedNow service. Folks, this is really huge. I mean, the Fed endorsing micro payments provider that is built on the Hedera blockchain. That is huge news. If you hold HBAR, remember, they don't necessarily have to be using the HBAR token, but we're talking about Metcalfe's law, network effects, right? The more building on a network, the more adoption, the more participants, the stronger the network becomes, the more valuable it also becomes. And of course, in this digital realm that we live in, in the token economy, the native token will increase in value, folks, because the tokens grease the blockchain, right, help to process and fund the blockchain. So this is huge news. I'm very, very bullish on HBAR. Once again, not financial advice. Please do your own research. According to the FedNow site, DROPP is a digital solution that was made so that merchants can accept payments at low cost. The company uses DLT and regulated banking tech to build its solution that allows merchants to accept payments without paying huge transaction fees. While the new updates seem like the Federal Reserve is warming up to the DLTs, the FedNow service also wrote on its website that materials are only presented as convenience to potential FedNow service participants. So huge news, folks. And remember, the folks who are part of the governing council for Hedera, their global governing council includes Boeing, Dell, Google, IBM, LG, ServiceNow, Standard Bank, much more huge, huge brands. This is one of the projects I think will come out of the whole speculation bubble and enter the utility phase and be one of the crypto blockchains that have lasting potential. So I'm very bullish on this. All right, let's move ahead. We got some updates here from Eric Balcones of Bloomberg around Cathie Wood's ARK Invest crypto ETFs. So he said new filing from ARK for a digital asset and blockchain thematic ETF will hold equities. So this is interesting. Cathie, we know she's trying to get a Bitcoin spot ETF. She's in line with BlackRock and the others, but they're also looking to build new ETFs, too. So here, Nate Geraci of the ETF store said, odd filing, given how saturated this space is. He's talking about the equity ETFs. Wonder if there is anything to read into here regarding ARK's confidence around spot Bitcoin approval, which if it happens, these blockchain ETFs would face an additional headwind in terms of competition. So maybe ARK is not that confident. So we shall see. Look, I think it's certainly almost guaranteed that BlackRock is going to get approved because of their record and because they pretty much run the world for the most part. But let's see what happens. There's no guarantees here, folks. And look, there could be a buy the rumor, sell the news event around these ETF approvals. So just be prepared for that. If an ETF is approved, that doesn't mean billions of dollars are coming in overnight. They have to set up the marketing, the structures. They have to get the RIA's onboarded, right? It doesn't happen overnight. They'll probably need a few months. If you look at the when the gold ETFs were approved, it didn't pump instantaneously. It pumped maybe like six months later the gold market. So something to keep in mind, folks, and, you know, know how to strategize. So I think there will be, once again, a buy the rumor, sell the news event. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since twenty eighteen, one of my go to exchanges, so I can vouch for this platform. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. All right, folks, let's move ahead because we got Jay Coward Clayton. Yes, former SEC chairman that I call a coward because he's the one who filed a lawsuit against Ripple and ran out the door the next day. He did not approve a Bitcoin spot ETF. And of course, we know he was doing some corruption in the back room with Bill Hinman and Ethereum to get them the free pass, nothing against Ethereum, but rather the SEC corruption, because guess what? These are the people who are supposed to have integrity. They're funded off our tax dollars and they're supposed to be stopping the bad guys, but they themselves are the bad guys doing fishy corruption in the back room, getting paid millions of dollars. So Jay, of course, making his biweekly appearance on CNBC Squawk Box this time, he was talking about Sandbag Refreed and of course, the Bitcoin spot ETF. And of course, the Joe Kernen, Becky Quick, Andrew Ross Sorkin and these folks failed to do their job. No questions about the Ripple ruling. Of course, there was no question when he came on the show, I think last week or the week before, because they're clearly and probably Jay doesn't want to answer anything and they're kowtowing to that. So it's pathetic. It is not how a journalist does their job trying to bury a story when the man who filed a lawsuit is sitting right in front of you. Right. And this ruling, we know how huge it is. Members of Congress are using it as a president to push their crypto bills through and much more so pathetic. Jay's a coward. And of course, he doesn't want to talk about it. Pathetic. They won't even ask him the question. It's not like they ask him the question. He's like, you know what? Good for Ripple, but I don't want to talk anymore. You know, it could have been that much. But guess what? No questions. Zero, zero questions. So, you know, there's a big cover up. There's a big Jay is just a coward. Like, don't even ask me that question. So screw Jay Clayton. He's a coward. Let's move ahead. Coinbase launches nonprofit to advance crypto legislation to stand with Crypto Alliance will prioritize supporting and advancing legislation in the US that supports the industry and investors. The stand with Crypto Alliance is something Coinbase obviously is trying to get going and they want you to participate and sign up. This is great, guys. We need need more of this, more advocacy, more education, more getting the word out there so that we can bring more folks together and unite against folks like Gary Gensler and corrupt bureaucrats and regulators like Gary Gensler. So the alliance is a 501 C for organization under the internal revenue service, meaning it is an exempt social welfare group. The current discussion around crypto policy in Washington, D .C., between centralized players and other big groups. Kara Calvert, Coinbase's head of US policy, said Monday during a Twitter Spaces event, but the stand with Crypto Alliance hopes to bring new voices into the picture. Here's a quote. The alliance completely embodies exactly what the crypto industry is all about. Calvert said it's all about decentralized efforts, decentralized power, decentralized access. And that's, I think, really what the stand with crypto movement is about. So this is great. I love it. I wish more crypto companies would unite and do this. And get the once again, the word out there. Education is a big key in D .C., getting our representatives educated about blockchain and crypto. We're seeing more and more bipartisan support for crypto. So our efforts are paying off, but we need to do more, of course. Now, folks, there's some interesting news coming out of Argentina. So pro Bitcoin candidate Triumph sees Bitcoin reach historic high against Argentinian peso. So we got a presidential candidate. I honestly don't know much about this person, but, you know, a lot of people are bullish on this because his name is Javier Mele, if I'm saying that right, won the country's primary presidential race. He's pro Bitcoin. And we know the folks there are dealing with insane inflation. Many have been moving to Bitcoin as a store of value, as well as stable coins. So hopefully, you know, some things could happen here where they can maybe make Bitcoin a legal tender, something along those lines like El Salvador. But there is something else happening in the mix here. So Mele's unexpected triumph is seen as a rejection of Argentina's entrenched political establishment. The pro Bitcoin candidate became anti establishment after proposing the dollarization of the economy and call for the abolishment of the central bank due to the country's economic woes. So they want to certainly use the US dollar over the Argentinian peso. And I don't blame them. So this could be a really big move. And once again, this guy's pro Bitcoin. So let's see where it goes. Moving ahead, new indictment alleges Sam Bankman -Fried gave more than $100 million to politicians. Bankman -Fried and his associates donated across party lines to various candidates and political action committees. Boy, look, I am not a conspiracy theorist, but man, this guy donated a lot of money and it's probably why he's been getting the easy path, right? Being able to stay at home in his parents' house. And obviously recently they were like, no, dude, you're trying to, you know, game the system. He released Caroline Ellison's diary. So witness tampering and all that. And they were like, all right, we're going to put you in jail. So that's a good thing. He's in jail. But look, there are some people saying he could have an Jeffrey Epstein situation, if you know what I mean. And that wouldn't surprise me, folks. This man has a lot of dirt on politicians. He made them all look like fools, right? And that's, I've often talked about it. Optics is a big thing in politics. It's narratives and optics. So right now he's not making a lot of people look good and they want him gone. As you can imagine, like get the hell out of here, whether it be in jail or you know what else. So it looks like they may try to bring back some of the campaigns, finance charges that had been previously dropped, but we shall see what happens. And hopefully, you know, he sits in jail for a long time because he committed the crime folks. He's the one that was committing fraud. He's the one that was okaying funds, leaving FTX and going to Alameda, which was his firm. They were trading that money and losing it. So straight up fraud, as I said earlier in the podcast, he's the Bernie Madoff of crypto. But let's hope justice is served here and we'll follow this as it continues. Now, here's some not so good news. Coindesk lays off 45 % of editorial staff as an eyes deal to sell company. Look, it's not so much that they laid people off, but it's in conjunction with what else has been happening with Digital Currency Group. So Digital Currency Group owns Grayscale, Coindesk, Genesis Trading and much more. And we all know what has been happening with the Genesis Trading and Gemini situation. So Barry Silbert and these guys, it's not looking good. And I would not be invested or involved in anything Digital Currency Group, guys. If you're holding Grayscale shares, just be careful. I don't know what's happening here with this whole parent group and they could be in big trouble. So especially with the Genesis Trading situation and who knows if there's going to be cross contamination, the fact that Genesis Trading is in a hole and they are going to have to pull money and sell Coindesk and all these things, it's just a mess. So I don't think these guys are running the business well. Once again, it doesn't have anything specific to do with the blockchains or the crypto currencies, but rather, you know, the risks that you take and how you run your business. So we shall see. Finally, guys, our partner, Quorium, and I highly recommend you check out this blockchain. It is a third generation blockchain. They announced here new wallet integration. Frontier is now supporting the Quorium mainnet, prioritizing security through real time fraud prevention. It says Frontier Wallet offers a swap aggregator and cross chain bridges, a key partner to manage Quorium assets effectively. So once again, guys, check out Quorium. They're doing some great things and they got a new wallet support here. And I personally hold a Quorium tokens, not financial advice. Please do your own research. As always, don't blindly invest because you hear me holding a token or somebody else, any influencer or any YouTube or a podcast or whatever it may be, always do your research. So definitely check out Quorium. They're doing some great things. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button and leave a five star rating on the podcast platforms. And I'll talk to you all later. Bye.
Fresh update on "boeing" discussed on Bloomberg Businessweek
"Out and for some that feeling lasts more than a moment we can change that learn how it belonging begins with us dot org brought to you by the ad council all come shoes whether you're an in -house counsel or in practice bloomberg law gives you the edge with the latest in a high -powered legal analytics business insights and workflow tools with guidance from our experts you'll grasp the latest trends in the legal industry helping you achieve better results for the practice of law the business of law the future of law the difference is bloomberg law learn more at bloomberg law headlines dot com in king news twenty four hours a day bloomberg television this is a bloomberg business flash 340 on wall street we do check markets all day long here at bloomberg we are twenty minutes away from the trading month of december we've got the dow higher the smp nez stack they are both lower smp now right little change let's head right over the first word breaking news desk for today's afternoon call here he is bill and maloney good afternoon charlie u .s stocks are trading mixed right now with the dow currently up three hundred and seventy five the points smps are down too well the nasdaq is down by point seven percent the u .s. ten can -year -old at four point three six percent gold is down eight oil is sinking and bitcoin is little changed among the main 11 smp sectors leaders were health care and the materials telecom was under pressure and leaders to the upside in the dow salesforce and boeing while walgreens and microsoft led to the downside after earnings snowflake rose seven percent while pure storage plunged thirteen
Monitor Show 13:00 08-07-2023 13:00
"Billion dollars. So, Boeing and NASA, they're scheduled to provide an update on Starliner's crewed flight test at 2 p .m. Eastern Time on Monday. Getting a quick check of these markets as we come to the top of the hour. Good day on the market. Lots of green out there. S &P 500 up about seven tenths of one percent. The Dow up one percent. Sound on with Joe Matthew from Washington DC. That begins right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. Nixon's Watergate was like a lightning bug. Trump's behavior is like a lightning storm. He is using hard -working Americans' dollars to fund his legal bills. Bloomberg Sound On. Politics, policy, and perspective from DC's top names. This is the most serious charge ever brought against a former president. He will be trapped in a courtroom for two, three weeks at a time during the height of primary season. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Can the DOJ tame Donald Trump? We'll find out today. Welcome to the fastest show in politics as the Trump legal team faces a deadline to respond to the Justice Department's proposal of a protective order after the former president posted what some see as a bit of a threat on social media. It's all unfolding ahead of an important week on the campaign trail for Republican candidates in Iowa as we will discuss with longtime Iowa political analyst Dave Price and as President Biden heads west this week to sell his economic agenda. We'll talk it all out with our signature panel. Fresh off the weekend Bloomberg Politics contributors...
Fresh "Boeing" from Bloomberg Businessweek
"Upside in the dow salesforce and boeing while walgreens and microsoft led to the downside after earnings snowflake rose seven percent while pure storage plunged thirteen percent and in deal news abby to buy immunogen for thirty one twenty six share in cash in other news ford's cfo says it's evie prices will equal traditional cars by twenty twenty seven and wrapping things up del technologies and and all the beauty report after the bell live from the first breaking news desk on the launch of ok we think very much bill maloney near live breaking news over your bloomberg type squawk s q u a on on your bloomberg terminal i'm charlie pallet and that eternal but i hate i want to drive knowing It's a
"boeing" Discussed on Airplane Geeks Podcast
"Well, good night, thanks. Welcome to the Australia disc for this week's episode number 7 47. Well, grant, we thought since it's the 747 episode this week. We could have a little bit of fun and maybe talk about some experiences we've had on the Queen of the skies as everybody so lovingly likes to call that aircraft. Indeed, indeed, right? Maybe this could be the queen of our episodes. Well, jeez, I've got no comeback for that grant. They could be in so many responses to that really. Anyway, grant tell, let's talk about 747. There's been quite a lot of them here operating in and out of Australia for many, many years. We actually don't see a lot of them here in Melbourne anymore, in fact, really here in Melbourne the only ones that you would really say coming in regularly would be freighters on a cafe brings one in most days as does Singapore airlines, but it really they've all been replaced these days by dreamliners and a three 50s for long haul stuff. Yeah, and triple-sevens and things like that. So yeah, we've had some memorable flights and we've had some experiences with 7 fours. The interesting thing is for me at least that all this love of aviation that I have really stems from my first ever flight, which was in an air New Zealand 747 probably, I guess a 200 series back in 1989 when I traveled to the United States for the first time as an exchange student, a wide eyed 17 year old at that time. And I remember I was actually a bit nervous about flying. As I said, never done it before, but I remember rolling out onto the runway there at Melbourne and thinking, well, it's a heck of a long way to swim. If I'm going over there and anyway, it was quite an overcast day I remember and we sort of rocketed in around my two 7 there at Melbourne. You're throwing back into your seats. It's loud and it's rumbling and it's very, very cool. I always think in a 7 four. And rocketing up into the sky and up into the clears and I just thought, oh my God, how good is this? And I've been hooked ever since. Yeah, they are pretty good. I don't think I've ever flown on a dash 100. I've flown on a 747 203 104 hundred and the SP with any New Zealand Qantas airlines Argentina united I'm trying to think of all the other airlines I've been on 7 fours with. Yeah, well, interestingly, united they used to be quite regular visitors here to Melbourne into Sydney with 7 four 7s and I've done that flight in the early 90s. Can you believe grant doing that 14 and a half hour flight from Melbourne to Los Angeles, which just seems to feel like it's a bit longer every single time you do it. As you get older, back in those days, there certainly wasn't in flight entertainment. Basically sat there and read books or, you know, watch whatever movie they might pipe onto the screen at the end of the bulkhead of the cabin. Yep, that was it and you waited for the tranquilizer trolley to come round and you ordered two beers and everyone looked at you like you were being a bit rude, but they had finished theirs as you were just starting your second one and by the time you just finished your second one, the tranquilizer troll you'd come around again and everyone would go, oh yeah, I'll have a but yeah, I've done the transpolar route with the early news Argentina where they're 200s didn't have the range to do Buenos Aires Auckland direct. So they had to go down to Rio Geiger's to refuel and then go from there from the south of Argentina across to Auckland. That was, that was fascinating. I've been on a few flight decks. I got a personalized tour of the quotas jet base at mascot and Sydney and spent a lot of time on both 304 hundred flight decks with a check captain looking at how the engineers panel on the 300 got changed to a single well, the whole APU panel on the engineers panel and 300 got replaced by a single button on the 400 on off. Yeah, interesting times and technology certainly has moved on over time and it sort of moves with the 747 right up until just recently really with the obviously the closure of the production line there and Everett and that's a bit sad but really there's a lot of exciting things coming on in aircraft development and maybe the 747 has had its time. Interestingly, probably obviously the biggest operator here has always been Qantas. They ordered their first 747, actually a 100 in October of 1967, but actually grant, I think the first one that came here was a dash 200 in 19 71. The other probably really famous 747 of course was the Qantas 747 four three 8, which was the first 400 series that quotas took registration, the VH OJ a, that one actually flew the nonstop flight from London to Sydney in 20 hours and ten minutes, 18,001 miles that wasn't. It set a record for that time. And that aircraft has been memorialized. It's actually its last flight was actually also historic, taking up from Sydney, flying down to wollongong to what is now known as the shell harbor airport, and it is to this day on static display there with Haas. And of course, just a couple of years ago, quite as flew there last 747 across the Pacific to the boneyard. And that was a very famous flight in itself. Our flight growing, including our good friend Owens up was on board, and they went up and actually flew off the east coast of Australia, a flight path that looked like a giant flying kangaroo in the skies. It was absolutely spectacular. As I mentioned, our friend Owens up was on board. And here's what he had to say about the planning for that flight. It was a very interesting exercise because when they first pulled it up on Google Earth, they had to look at it and they had convert to that long, et cetera, et cetera. And then you had to consider how tightly an aircraft could turn around the tip of a tail and what speed you could do that. Oh gee, well, if we were doing that, we'd prefer to have the flaps out well then we can't be above flight level 200. But if we're sliding down the back of the creature, well, we don't want to waste time. There was a million variables. And I came in at probably the 11th hour after all the hard work had been done. So I was very fortunate. I take the head off tidally to the chaps that came up with it. And it wasn't just the tech crew who did it. It was all the support from the teams in airspace management. It was defense because the airspace at williamtown. There were just so many stakeholders that made that happen. And whilst it seemed to have a degree of secrecy about it, we weren't to tell anyone it was happening. It wasn't for media purposes. It was because there were certain environmental conditions we had to meet. To be able to do it. If the wind was above a certain speed or the turbulence level, well, it probably wasn't going to be ideal to draw the kangaroo. In terms of the harbor and the salute to aja and the kangaroo, those were all pre flying in the
"boeing" Discussed on Airplane Geeks Podcast
"Mph. Wow. Yeah, ground speed. Pretty zippy. And normally that flight takes about 6 and a quarter hours. So that's pretty fast, which means that the return trip needed aerial refueling to make it back to it or not. Yeah, yeah. Well, we just passed a significant anniversary for the dash 400 as a piece and simple flying. That the 35th anniversary of the 747 400s first flight was just a few days ago as we record this April 29th. I was in 1988. It's hard to remember, sometimes it's just difficult or keep in mind how old this design is. We're talking about the engines before Micah was and when I think back on the technology of those old JT 90 engines, I mean, they're just a little even close to what is available today. But 35 years for the 400s first flight. Northwest airlines, I guess, was the launch customer for that. Yeah, I was looking at the very first flight 1969. So yeah, that was before most of us here were born, right? No. No. The only one, the only one. That same simple flying article also talks about Boeing 7 four 7s with the most flight cycles. And that was the one that was delivered to Royal Air Morocco in 1993 to dash 400 registered as CN RGA. It has 14,000 77 flight cycles. That's just phenomenal. Wow. I don't know how many flight cycles of B-52 has these days, David. It probably not as many as a commercial airliner, but 14,000 cycles. That's got to start to, well, the inspection procedures have to be pretty good because you're looking at some likely metal fatigue. I would imagine. Well, I'm sure they don't want to wear out the B-52, so I'm sure they purposely don't have them up in the air that often. I mean, that's a major consideration. You extend the life by not flying them too much. Years ago, I wrote an article for EAA's magazine about flying with CHP in their airplanes here as their patrolling in California. And they had a problem and that their assessed a two O 6 is they would only put them up four hours a day because they were just wearing them out too quickly. Well, you know, the 747 400 was a big major development. It went from a three person crew with a flight engineer down to a two person crew. And that was huge for the time. You know, that was a really, really big deal. I think that's something that the airlines really wanted to see then for obvious reasons. Sure, just like they'd like to soon see these cockpits down to one person. Cure. And eventually, maybe none. Yeah, and they put on a brand new wing. It was close to, I guess, 15 feet longer. And the wing area was, they added about another 150 ft² to it. I mean, just huge. You know, it shouldn't be too difficult to pick up a used 747. If you want one, probably without engines, but maybe not. My little research here showed that there are currently around 300 Boeing 747 aircraft in storage around the world. In most of those are stored in the United States, like at Victorville, in California in Tucson. But there's also 7 four 7s and storage other locations as well. The UK, Germany, China. But there are a lot of them around. Even at Victorville, and if you're familiar with Victorville, max treska, you probably. Yeah, it's in the high desert kind of north and slightly east of a Los Angeles. So yes, I've got a client down out of the William foxfield at Lancaster. So we fly by Victorville all the time, which is nearby. What are we in the air flying the vision jet nearby? We heard a united captain coming in and they were delivering an airplane there. Oh, yeah. It's final flight. Fake reveals an interesting place. I mean, that's what it's called, Victor ville airport, but I guess it's technically the Southern California logistics airport. And there's 54 Boeing 747 aircraft at Victorville stored there now. The UPS has 18 Korean air ten Qantas 7 China has 5 7 four 7s stored there. I wonder what it costs to store a 747 out there at Victorville. I guess it depends in part on if you want it to be preserved or not. I'm sure some of them are just carcasses basically that have been rated for parts, engines long gone. I assume. And maybe others are just in storage temporarily or for the eventuality they might need to be put back in the air again. I mean, those of you would certainly need to preserve. But if you just dump it in the desert without going through the preservation process, I don't think you ever fly it again. Hence you're used to the word carcass yes. Yeah. Sounds like we need to do some investigative reporting and head on down there and let everybody know what goes on at Victorville. I always wanted to go to Victorville because, you know, Victorville, over the past decades, I would say there have been different ideas for commercial enterprises that could take use or make use of that resource that facility. And I think they've tried to create it as a sort of a hub for certain aviation related activities. And I don't really know right now because it's been a long time since I didn't do a Victor Bill. I don't really know what exists there now other than the storage area. I don't know if there are businesses running or not. Victorville was originally an Air Force Base. George Air Force Base in Southern California. The home of the wild weasels and stuff and a very large fan base it was back probably in the late 80s, early 90s. And then proceeded to be converted to the Southern California logistics center. Yeah. We need to learn more about that. And maybe talk to somebody who's familiar with what's going on there if it's interesting. You know, another thing that sort of popped up here is the Russian invasion of Ukraine and the sanctions against the Russia that resulted. And of course, we know a number of aircraft are sort of stuck in Russia and they have a report from arrow time arrow that the aircraft lesser BOC aviation owns three 8 freighters that are the least by a Russian group and operated by their subsidiary air bridge cargo. And the company defaulted on the leases and BOC aviation went to court and the judges ordered them to pay more than $400 million. To the lesser BOC aviation. Now, the company did recover one aircraft that's currently operated by
"boeing" Discussed on Airplane Geeks Podcast
"And I can just tell from the sound of the engines because there are heavy and it's slow and I go, yeah, that's a 7 four and I go yep, sure is. Because nothing else makes that kind of not that it's a disturbing noise, but it's a very very prominent noise. And you know that those are four motors burning up there. But you know, you say it's slow, which it is when it's coming in like that because it's got all that great lift, but it's also, I believe, the fastest airliner in the sky. It's got a cruise speed of Mach .85 and a max speed of Mach .92. It's unbelievable. Very quick. I didn't know that. Yeah. Yeah, back in back in the day, when I was doing a lot of international traveling to meet with airline customers, I put a lot of miles in dash 400s, not Brian Coleman, lots of miles, but for the rest of us, lots of miles. You mean, you actually had a purpose in traveling. Okay, Brian, but I'm just kidding. Yeah. I had actual meetings on the other side, but mostly traveled to Asia, probably a dozen trips to Japan, maybe 6 or 8 to China, about the same to Singapore. And then a couple others, Australia won Sydney once and New Zealand once. And they were primarily flights on United, although I did fly on jail, Japan airlines occasionally and very occasionally Singapore airlines, but mostly I was on the united 747 400s. And they were just big and comfortable in a course, well, not of course, but I was in business class. Always, we were arrive that many time zones away and basically have to hit the ground running with meetings, the company let us fly business class, which was nice. And the real joy was the very rare occasions when I got on the upper deck. Because that was quiet. That was all business travelers, at least when I was fine. All business travelers, you know, no kids, no screaming babies or excessively drunk passengers. The ones that were sleeping. So it was nice quiet, right, and you can get a lot of rest. I loved doing that. You know, when it first came out in the 1970s, at upper deck, as I mentioned, there was a spiral staircase, but it was a lounge. It was a piano bar. I mean, this was really high class, it was back when there wasn't any business class. It was first class, and it was economy. And it weren't life flat seats, but yeah, it was a piano bar. And drinking and carousing and all those other kinds of things going on. And everybody had to have one. It wasn't just Pan Am. I mean, it was a prestigious like the 7 O 7. It was a prestigious airplane to have. And so everybody ordered them. There was one very cool return trip, which I think was from narita. Yes, it was definitely was from narita. It would have been to Chicago, actually, on a united 747 400. And about halfway or two thirds of the way through the trip, the flight attendant got on the PA system and made an announcement that the captain was retiring and this was going to be his last flight. And we had experience, we're continuing continuing to experience really significant tailwind. And there was a possibility that we may actually break the record for time between the Rita and Chicago. And that they had talked to the, I don't know, air traffic control I imagine who basically gave them priority. And so we would not have to circle or get in the line. Rob can tell us what the right terminology is. But we would be able to go straight in and land immediately. And we broke the record, which was a really cool thing for this captain on his last his last flight. I actually tried to find out today if I could see any references to this and who that captain might be or just exactly what the record was and if it had been broken since then, but I was kind of unsuccessful. In that I did find that there was in 2019 a 747 8, Japan airlines flight from narita to Chicago, which reportedly is the unofficial record. And that was in 11 hours and 55 minutes. Which my recollection of the time we flew that was less than that, but I must be remembering incorrectly or perhaps you would had a few too many libations during the flight. That's why it seemed so fast. I was passed out in the upper deck. So you might want to check with NAA the national aeronautics association. I think they usually keep the records for all those kinds of flights. I was thinking I was trying to remember back when I was on the 7 47. And I know my last flight, which was in 2019, flew a Qantas to Australia first time I had ever gone to Australia to teach at a cirrus event. The series owner piled association. And it was fabulous. I really enjoyed it. Just lots of good memories and nice seats, not business class, but premium economy. But I do remember, and I kind of wish I had kept log log of all the different airplanes I had flown in business and stuff like that. Because I just can't remember, I know I was on the 7 for multiple times because I remember I don't think I ever sat up top, but I remember kind of going up the stairs to take a look or something like that. It was nice just to at least see it. But I had never heard about seat one a. That sounds pretty spectacular. And Mike, you found a reference. We were talking about speed records there. You found a reference to a British Airways flight 747 that holds or held a record. I vaguely remember this happening. It was in the UK they named their winter storms and it was winter storm Sierra. It was back in February of 2020. And it was a British air 747 that did make a speed record as far as we know. Flew from New York to London in four hours and 56 minutes that clocking it, it was going with the 200 mile an hour tailwind about 800 mph. Wow. Yeah, ground speed. Pretty zippy. And normally that flight takes about 6 and a quarter hours. So that's pretty fast, which means that the return trip needed aerial refueling to make it back to it or not. Yeah, yeah. Well,
"boeing" Discussed on Airplane Geeks Podcast
"Geeks podcast. This is episode 740 7 of the show where we talk aviation. I'm max flight, and with me is trescott. He's host of aviation news talk podcast. He's a national CFI of the year. An expert on the series aircraft. Oh my gosh, did you say episode 7 47? Yes, I did. That number rings the bell. We should talk about that. Okay, we will. We will. And there help us with that is rob Mark, contributing editor to business and commercial aviation by the aviation week group. He's a biz jet pilot. Let's see if I and rob spent ten years, ten long years of his, I was going to say lonely career at the FAA as an air traffic, sorry, rob. Air traffic controller and supervisor. And of course, he publishes the jet wine blog. Good evening, I think. But I'm considered out of work release program actually from the FAA, but that's actually not for public consumption. Okay. Okay. Maybe next week I'll try to do a straight introduction, rob, just to give you a break. I know. So with this is David Vander hoof. He's our aviation historian. He's at the American helicopter museum. I never get the sarcastic starts. I always get to, I always get the straight straight ones. I don't know, rob. Hi, everyone. Looking forward to talking about Boeing's biggest failure. No, we're going to come on, come on. That's not true. Also, what this is our main man, Micah. Hey, it's great to be here and I guess I'll say it ahead of time. We were supposed to have a guest, but we don't. And it's my fault. And it's my fault because max flight, you are always right. And I forget that. And the rules are max flight is always right. And if he's wrong, check rule number one, because you always say never announce a guess, never speak about a guest ahead of time. And last night, in Isaac's chat, there were only 6 people there and I said, it's episode 747. We're going to have a very special 747 guest. I won't tell you who it is, but this guy is great, and he's going to be on the show. But unfortunately, due to a family emergency, he had to cancel. We'll have him on again and we're not going to mention his name, but it's my fault and I apologize to all our listeners and to all of you. Yeah, these things happen sometimes. And it's too bad we were really expecting anticipating a great conversation with him. But, you know, things happen. We'll leave it up to rob to pull us through this. It's an awful lot of pressure you realize, why don't you throw some of the pressure, David's way? Because you're so easy. Yeah, well. That's what you said. I'm not even going to touch that. Really? All right, so we're going to focus on the Boeing 747 this episode in celebration of this being the episode of the same number. And so we're going to kick it off with a little historical background that Micah provided us with in let's roll that right now. About ten months ago, back in July of 2022, the airplane geek celebrated episode 7 O 7, appropriately enough, we celebrated that episode number by honoring the birth of a jet airliner, and dedicating the episode to the Boeing 7 O 7. Well, its 40 episodes later, and it's only right that for episode 747 we talk about what is arguably the next big aircraft, that truly made commercial aviation what it is today. While there are other iconic commercial aircraft from many different manufacturers from my perspective, Boeing 7 O 7 and 747 are the plains that truly change the world by making airline travel affordable to the general public and allowing both passenger and the air freight industry to come into its own. Back in 1965, the 7 O 7 had been in service for about 7 years when pan ams won trip, talked to his friend Bill Allen, president of Boeing, saying that he wanted an airliner with two and a half times a passenger capacity of the 7 O 7 that would reduce seat cost by 30%. Now remember, in 1965, passenger jet travel was still relatively new. Airlines were still flying propeller aircraft, and not passenger propeller aircraft like we know today, not turboprops. Back then, airliners were still flying with piston engines. And sure, while developing a fuselage in wings big enough to handle two and a half times a passengers, was going to be difficult. Coming up with turbo jets to power it, meant developing a new engine technology too. None of this stopped Bill Allen from taking on the challenge. He took Joe Sutter from the 7 37 team, and assigned him to man at a design studies for one trips new airliner. Then he made another brilliant move, and consulted with many other airlines, so he could truly learn what was needed for a successful design. Now here's something else to bear in mind when considering 747 development. The mid 1960s was the high point of the Cold War, and the space race. The whole country had moon fever. Science and technology was on everyone's mind. This was the same time that Concord was in development and in fact there was a supersonic transport or SST race going on too. Boeing had its own design, the two 7 O 7, and don't forget that TU one four four, the Soviets SST, which was the first to fly. Many engineers believed that long range subsonic airliners were going to be a thing of the past, and would soon be replaced with supersonic passenger aircraft. Boeing thought this might be the case as well, and decided to design the 747 in both freighter and passenger configurations. This way, even if sales of a passenger version declined, the freight aversion would remain in production. What forethought some 50 years later, the SST has come and gone, while the cargo version of the 747 has remained in production until very reasonably, and will be flying for years to come. There are many great stories concerning the development of the 747, and just not enough time to tell them all. One of the early designs was for a double decker airliner with 8 seats across. But the idea was nicks due to evacuation concerns. The double decker concept, however, is part of how we ended up with the 7 47s distinctive hump. To maintain efficient cargo loading for the freighter version, the cockpit was placed on the upper deck of the fuselage, so the whole nose of the aircraft could open up for easy loading. With the full second level gone, no one was sure how to use the upper deck space behind the cockpit. You know the hump. In the very early models, back in the heyday of airline service, that remaining upper deck became a first class lounge at passenger access through a beautiful spiral staircase. Eventually, as the quality of passenger service deteriorated to what we have today, what we call the great race to the bottom, the upper deck just became more seating.
Sen. Ron Johnson on Blinken's Lies About Meeting With Hunter Biden
"Dive right into it. I see here new emails show Tony blinken line to the U.S. Senate under oath about meeting with Hunter Biden, senator tell us about it. Well, Charlie, well, what he lied about is that he said he didn't ever email Hunter Biden. Remember, center grass and I were investigating Hunter Biden late 2019, early 2020. Remember December 2019, the FBI took possession of his laptop to 2020 was COVID. It wasn't easy to do an investigation. People wouldn't come in for interviews, but a number of people from the State Department did come in for interviews. We actually had an interview scheduled with Anthony blinken. Remember, he was deputy Secretary of State. And at some point in time, he decided to cancel that. The election happens, and then lo and behold, because he wanted to become Secretary of State, he decided to come in for an interview. And so we transcribed in and if you ask them all kinds of questions, we are primarily concerned about the May 27th meeting that he had scheduled with hunter, which got canceled because bull Biden died, I think, three days later. But then the follow-up meeting, a launch immediately occurred in July of 20 21. Of 2020. And so we want to ask him, what did he and hunter talk about and what he told us? No, it's just golf and grandkids. It's going to be golf and grandkids, just like Lois Lerner, remember that not low sort of Loretta lynch with Bill Clinton. Just golf and grandkids. Right. So again, they talked about Boeing. So how can you really press them too hard on that when you're talking about the tragedy of losing a brother? But during that interview, we asked him point blank. What kind of communications do you have with hunter? I mean, did you talk to him on the phone? He said he really didn't. We asked him, well, do you communicate him through email and text? And he said, no, now what we've seen because of the Hunter Biden laptop is we have emails where Anthony blinken was emailing Hunter Biden and probably even worse. His wife, Evan Ryan, is her name. She worked for the State Department also under Obama.
Report: FAA overruled engineers, let Boeing Max keep flying
"According to a report by the inspector general of the transportation department, some engineers for the federal aviation administration wanted to ground the Boeing 7 37 max soon after a second deadly crash, but top officials in the agencies overruled them. I Norman hall. The first 7 37 max crash occurred in October 2018 in Indonesia, and was followed by the second in March 2019 and Ethiopia, in all 346 people died, the report says that FAA officials wanted to sort out raw data about the two crashes and held off grounding the plane despite growing international pressure. The report says one engineer made a preliminary estimate that the chance of another max crash was more than 13 times greater than FAA risk guidelines allow the FAA says it concurs with the inspector general's recommendations and
Bird strike sparks plane engine fire shortly after takeoff
"A bird strike sparks an engine fire on an American Airlines flight Sunday morning. The Boeing 7 37 had just taken off from Columbus international airport in Ohio en route to Phoenix when it happened according to officials. We lost the number two engine on the bird strike with high vibration. That audio courtesy live ATC, the pilot and air traffic control communicating as American Airlines flight 1958 turned around for the airport. Close to the airport so that way you're not too far away if you could get in quick. Roger and showing
Saudi Arabia places order with Boeing for up to 121 planes
"Boeing is getting another major boost with a big international order. Two Saudi airlines say they'll order 78 Boeing jetliners with options to buy 43 more. Biden administration officials say Boeing had been discussing an order for three years in The White House says it's pleased the deals finally done calling it another milestone in the U.S. Saudi cooperation. The deal will support about a million jobs in 44 states, including 150,000 new manufacturing jobs. The announcement comes a month after Air India said it will buy 220 planes from Boeing Sagar Meghani, Washington.
"boeing" Discussed on CNBC's Fast Money
"Month, the latest hurdle alphabet could be facing a third lawsuit by the Department of Justice, which is looking into whether the company is illegally forcing app developers to use both Google's map Google's maps and search products together. The stock down as much as 2% at Lowe's today, closing off just one under a percent here .8%. Karen, what do you make of this slide? Well, you know, not happy. There's that. But I did buy some options today for next earnings. I just feel like, you know, there's a lot of negativity surrounding the name, understandably so, for a lot of reasons we talked about AD nauseum. But however, this still is an extraordinary company that now when you back out the huge cash hoard, is trading below a market multiple, which to me seems excessive. Excessively penalized. So I bought more here. This is more of a timing trade than I have a big position already. I trimmed some when the chat GPT things started to really take hold and now I'm buying it back. Julie, what do you think the slide is all about? Is it concerns about an existential risk of some sort because of chat GPT and Bing? Or is this just the markets don't want tech right now? I think it's actually both. I think if you look at the rest of tech, it's really been dragged down pretty hard. And then people were really concerned about the chat GPT situation, which, you know, I actually think gives them a leg to stand on when they're talking to regulators about competition. It's going to really help them to be able to say, aha. You have chachi PT now, and it's super elegant way to look at doing search. So I think it actually helps them longer term because I continue to believe that regulation is going to be the biggest thorn in the side of Google. When you have this level of market share in this level of profitability, people are going to come after you. But I agree with Karen. I think it's overdone when you consider the level of market control they have. I agree, there should be a discount given the uncertainty around it, but not this. This is too much. Yeah, it's pretty astounding. I mean, the stock was making a new all time high in early January of 2022. So just a little more than a year ago, put up a great quarter. And I mean, at that time, I think a lot of investors were not concerned about what the regulatory headwinds for these companies are because we've been talking about it for so long. And so when you think about it, okay, down 40% and if you look at those estimates for 20% earnings growth for the next couple of years and sales growth in the mid to high teens, trading at below a market multiple, 17 times this year, 1499. What investors are saying right now is they don't believe those estimates. And they're still waiting. And that's the one thing that we've talked about. All of these earnings periods over the last few years. Why have we rallied in and around them is because we haven't had those big gut punches. We have not had these companies that guide down for the full year. We were sitting here waiting for the Nvidia guidance last night and you were like, have they guided for the full year? And none of these companies are doing that. You know why the visibility is horrible. So we're getting death by a thousand cuts. This stock might be cut in half from its all time highs, but it might also happen without a meaningful guide down for a full year guidance or so. And that's what's different about this cycle to me. 83 and change, I think, was the low in November. I'm hard pressed to believe we get there, although if the broader market is going to cooperate to the downside, maybe we do. But this is levels where if you've been looking to get into Google, I mean, these are levels where you start layering in, I think. All right, coming up, the yield hunt is on with rates on the rise.
United Airlines flight turns around after fire in cabin
"Four people were treated at a hospital for smoke inhalation following a fire on board a flight traveling from San Diego to New Jersey. The United Airlines flight returned to San Diego international airport Tuesday morning because of the fire, passenger Anne Marie buckland tells KG TV they weren't in the air long. Probably about ten minutes into the flight. I started to smell something really bad and it just got worse and worse. Passenger Stephen Jones says some people panicked a guy next to me to seats over started to scream. The guy in first class said, oh, God put his shirt up over his face. And then I saw a flash of fire. Has entered Caroline lipinski tells KFM BTV that a first class passengers battery charger began smoking, and then it burst into flames, authorities say the crew placed the battery and especial fire bag in the Boeing 7 37 returned safely to the airport at around 7 30 a.m.. I'm Donna water
Boeing plans to cut about 2,000 finance and HR jobs in 2023
"Boeing has announced its cutting jobs in the finance and human resources departments. The company says a total of about 2000 jobs will be eliminated this year. According to the Seattle times, Boeing plans to cut about 1500 finance jobs and about 400 HR positions. But Boeing issued a statement saying it will quote significantly grow its workforce this year, with plans to add another 10,000 employees with a focus on engineering and manufacturing. Last year, Boeing said it added 15,000 jobs. The company had 156,000 employees at the end of 2022. I'm Mike Hempen.
"boeing" Discussed on Bloomberg Radio New York
"It's on track for Britain's first ever space launch tonight, the take off of a modified Boeing 7 47 jetliner with a rocket under its wing is planned between 9 40 and 11 p.m.. The mission will deploy 9 satellites for a range of customers. Global news, 24 hours a day, on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries I'm Lisa Matteo. This is Bloomberg, David. Numbers for the United States, particularly jobs numbers and the markets really reacted very positively, although there were also some ISM numbers in there that maybe we didn't pay enough attention to. And the markets today, I'm going to say continue to rise with equities up and also bond prices are going up as well with yields down. To take us through the economic numbers, what we're looking at and what we should anticipate for the CPI later this week, we turned out at Diane swank. She is chief economist for KPMG. Diane always great to have you with us. So give us your interpretation as an economist of what we're seeing. And maybe a little bit of why do you think the markets are reacting? Are they right? Well, I think there's a couple of things going on. First of all, the jobs numbers look like the most goat closest to a Goldilocks scenario that we could have hoped for with the job market cooling and still solid gains and a record low on the unemployment rate. Those were all good things that said, I do think it was interesting that much of the hours work decline, which people looked at and said, oh, that's abating demand for workers. Actually was driven. The second largest decline was in leisure and hospitality, despite the fact that hiring in that sector was way up. Business travel is down, but what we're seeing is that revenge travel up, in fact, vacation, people out of work on vacation in the month of December was the highest on record in December of 2022. That goes back to 1976. So I think there's a lot of mixed messages in there. The ISM numbers were much more dour and I think they're important too because they get to the rolling over. We're starting to see it's been going on in manufacturing, slipping into contraction territory. In the services sector, seeing a contraction, there as well, is very important. Again, I think that's more business related than consumer related at this stage of the game, but those are important things because they suggest the economy actually is weakening as we go into 2023 and rate hikes are starting to have a bite on the CPI numbers. We're going to see a better number come later this week and the tenth. We're going to we're looking for a CPI to rise 6.6% from a year ago and the court even cool a little bit more to 5.6% from a year ago. That will, again, feed this idea that the fed is done, but I think what's really important for markets to understand is the fed sees us as a marathon, not a sprint. The move from peak inflation to where we are is the easy part, the first part of the marathon. Now we're getting into the hardest miles between 18 and 21. And the fed knows that, and history is just littered with central banks that stop too soon and didn't cross the finish line. The fed is determined not to be one. Well, as you say, the fed particularly Jay Powell said again and again and again, one data point is not enough two or three aren't enough. It's going to have to be a consistent trend over time. Do you have a sense of how long that trend has to be if things as you say rolling over? You know, again, I think what we're looking at so we have an actual shallow recession in 2023, the fed has the economy slowing to just about zero and unemployment going up. We have a little higher, so our inflation rate comes down a little bit faster, but I think the fed has made very clear that they need to break through that 3% threshold on core PCE inflation before they really start cutting rates. They don't want to look like they're moving the goal post closer and stopping too soon. And that doesn't occur until well into the fourth quarter. So even though we have rate cuts before the end of the year, the fed is also very cognizant and it's something that's lost in translation and financial markets is how much more sensitive the economy is today to rate cuts than rate hikes. In fact, any time we start to see even a hint that the fed may be plateauing on their rate hiking cycle, financial market conditions, ease. And that's going counter and stimulating the economy, fed induced recessions that are much easier to recover from, but that also is going to make the fed more cautious on how they lower rates later in the game. And I think that's something that's not being absorbed by financial markets right now as well. So Diane, the fed has made a significant effect. They need things to cool down some. And they certainly are seeing them cool down or even more in places like the housing market. For that matter, some asset classes, if you look to cryptocurrency, but also things like some big tech. But one thing that's been really stubbornly resilient has been the labor market thus far. And even the numbers on Friday, although the wage increases weren't quite as fast, but we're adding a lot of jobs still. What do they need to do to the labor market to make sure that they are cooling things down? Well, this is really the interesting part. We just did some analysis that looked at the creation in high quality new business formations that we've seen since the onset of the pandemic, low rates, venture capital, and also easier could a conditions at banks. Those high quality new business formations generate paychecks
Kyle Seraphin: The Information Industrial Complex
"So I wanted to get your thoughts on this A lot of information emerging this week about these FBI biweekly meetings with Twitter Now as we know from Mark Zuckerberg from Facebook's appearance on the Joe Rogan show I don't know if the meetings were as regular with Facebook but it's clear that the FBI met with Facebook too This is troubling stuff I mean big tech is the new public square Kyle You were inside the FBI Do you see this as troubling a development as I do Yeah of course I do I thought I came up with this expression the information industrial complex turns out there are people talking about this all the way back to 2014 2013 So it's not something I came up with although I did kind of have an independent route to it We've got a lot of people that come right out of FBI jobs out of CIA jobs out of other intelligence agencies DHS and so on And they walk right into these high profile roles either as security or information management or attorneys you know straight into the big tech companies That's kind of the new that's kind of the new route to go in and get these jobs It used to be you go to Raytheon or Boeing or whatever that kind of route was But now these guys are going in they're catching these corporate jobs We've got Jill Sanborn is over at Roku She's a senior director of something She's still got an FBI employee number because my folks looked it up These people are very tied in to the agencies they came from and they've got a strong vested interest in making sure those agencies still look good because that's where their reputation is tied So it's kind of a scary thing It's the self licking ice cream cone but it's expanded to a whole new whole new area
"boeing" Discussed on Bloomberg Radio New York
"Bloomberg radio. Among the great business rivalries of our time is the duopoly of Airbus versus Boeing, Tim, you know this so well you love planes. Those two essentially own the commercial aerospace industry. Each plane maker has a lineup of products that compete with one another. Airbus answered a Boeing 7 37 family, for example, is that a three 20. Then for the a three 50, Boeing's got the 7 87. But that's about to change. Boeing recently revealed it won't design a new aircraft this decade, leaving it without a competitor to Airbus is smaller a two 20. And that narrow body design could be the next go to model in air travel. Bloomberg news aerospace reporter Julie Johnson writes about it in the business section of this week's issue of the magazine. It's a fantastic plane. I've flown on it a couple of times as well. And I'm a big fan. There's a window in one of the bathrooms. That's like one of the big highlights, right? Yeah, I guess so. I'm just gonna warn you, Julie. Tim is really, really into play. I know she knows. I bother her all the time with non work stuff. Like when we're picking flights to go places, he's like, well, you know what kind of plane that is. So anyway, so go ahead, tell us about your story, what you dug into. And by the way, Tim, I approve of this behavior. Thank you. Yeah. So anyway, the product strategy gamesmanship is really fascinating between these two. And as you hinted at, they've had pretty much a 50 50 duopoly of plane making for years. Decades. And that started to change recently, Airbus has taken control of the most important segment of the market, which is narrow bodies with a plane that has called the a three 21 neo that has just been a runaway sales success. So Airbus is doing really well at the top of the market, and we after Boeing CEO basically said, look, we're just not doing a play in the decade. Airbus CEO told Bloomberg. Hey, well, funny enough, we are looking really closely at a new member of the a two 20 family that would go right at the heart of Boeing's product lineup. Now, just a little bit of history here, but Airbus got the a two 20 at a fire sale. I mean, I think it was a dollar or Euro. I forget the currency from bombardier. Just it was really, it was a pittance back in 2018. Total fire sale. And when they picked up those first two a two 20 model, they also inherited really detail detailed engineering designs for a third and largest member of the family called the a two 2500. And so that's the plane that Airbus is now talking up publicly. First of all, what does it mean for Boeing if they don't have a comeback against it? So there are a couple of things going on and basically this is a classic pincer move. Where Airbus has the top end of the most important market in aerospace narrow bodies with the a three 21 and they would be coming back with a smaller plane that's targeted right at Boeing's bestseller, which is the max 8. So Boeing doesn't have a comeback that means they continue to bleed even more market share to Airbus and it's not good. Julie, you mentioned the max 8, so we got to go in on the 7 37 max and all the problems that Boeing has had. How much of Boeing's history of mismanagement with regard to the 7 37 max and the wake of the two crashes that killed hundreds of people a few years ago in the 20 month grounding of the plane, how much of that has to do with Boeing not coming up with a competitor to this a two 20? Well, Boeing's got 57 billion in debt right now. And that's a result of COVID and the max crisis. They had to stop building the max for a few months in 2020, but they were knocked out of sales for a long time. So anyway, the financial damage is going to be with Boeing for most of this decade. And that's a really big factor as to why they're just not in a position right now to do a new plane. But the max 8 has done really, really well in the market. And I believe it's outsold the a three 20 neo. So that's the comparably sized Airbus model. So it's definitely a success in the marketplace. Right now, Boeing's finances are riding on that plane. And the story that you guys report out says that that 7 37 max 8, that sales restart handed Boeing of victory over Airbus last year, the competition for the most aircraft orders. So Julie, the back and forth, I feel like anybody who's been in this industry of covering business news business stories, you know, from year to year, it's like Boeing got this order. Airbus got this order and kind of the back and forth. But I do wonder, is it potentially setting up for Airbus to have a longer term advantage here or how do you see it? You know, everything goes Airbus way, they will dominate the market. Not just this decade, but into the next decade as well. And so I think some people are really worried that Boeing might be facing sort of a slow slide in the mediocrity. But then I've got to just throw out just a grain of salt here because none of this is going to happen any time soon. Airbus has got some huge issues of its own and its production system is a mess right now. So they're not in a position to take on a new plane. And if they pursue the a two 2500, they're going to cannibalize one of their most profitable models, which is the a three 20 neo. So it's risky for them as well. That was Bloomberg news aerospace reporter Julie Johnson. I have to say we had so much fun with her. I mean, you guys, you, I know are so into planes and a big way she obviously is too. Well, speaking of that, it was a huge weekend for plane makers. Tuesday night in Everett Washington the last 7 47 ever assembled left Boeing's factory. The freighter is going to be used by the cargo carrier Atlas air. We did a feature over at Bloomberg quick take about the jets more than 50 year history and the way the airplane changed air travel forever. You can see that on our Twitter feed, just use the handle, add quick take. I think about so many movies, right? They use that plane like to show people going up, up the stairs, right to the bar or whatever. And it's not going anywhere. I mean, it's hard to find a passenger airline. They're none in the U.S. that actually fly it. Yeah. But it's going to be used as cargo planes for years to come. All right, good to know. Still ahead on Bloomberg businessweek from airplanes to automobiles. We'll hear from the CEO of car parts dot com and the president of Audi of America as the paradigm in the global car business continues to shift. We continue to see more and more consumers wanted to go into electrification and that's something where we well prepared. We're going to invest also going for 19 billion
Mark Levin: Glad J. Michael Luttig Did Not Serve on SCOTUS
"J Michael ludik used to be a friend of mine I've been talking to him in a long time I have no interest in talking to him now quite frankly At first met him when I was 20 Going to law school And I was interning for the administrative assistant To the chief justice of the United States back then Warren Berger He had had the same position at one point later on I believe he went to the University of Virginia law school he clerked for chief justice burger not once but twice And there were very very close Each somebody who I supported way back when To go on the U.S. Supreme Court And all I can say is I'm glad he didn't I'm glad he didn't Because in the end he left the circuit court he went to work for Boeing as general counsel for some period of time And now he's busy writing things And it's too bad when you allow your politics in my humble opinion To affect your straightforward understanding and reading of the constitution
"boeing" Discussed on Bloomberg Radio New York
"Its most sustainable flight ever with a Boeing plane traveling from London to Abu Dhabi and producing 72% fewer emissions I spoke to the CEO Tony Douglas about how did they achieve that So for us it was a really important flight It was actually the culmination of many other sustainable flights But this was the one where we connected all of the dots We put all the initiatives into one flight It was EY 20 London Heathrow into Abu Dhabi And it was 72% more carbon efficient than the equivalent flight in 2019 But it's probably worthwhile we will pack in this to explain the four big elements that contributed to the 72% And there are lots of smaller ones that added up to it The four big elements was the comparable aircraft in 2019 was an herbal say three 80 so a lot bigger a lot heavier full engines and sadly far less fuel efficient than the green line at which is a Boeing dream minor 7 8 7 The second part of it is we had 38% sustainable aviation fuel And the reason why we didn't have anything more than that is we simply couldn't get it We actually wanted 50% sustainable aviation fuel And this is a big contributing factor to the way forward The third part of it was a direct route plan So almost the a to B route which is most direct And a continuous descent That's a 40 minutes on the flight time 6 tons of CO2 And the final element number four is working with a very innovative company called savior is analyzing barometric pressure the temperature and weather patterns to make minor adjustments to flight plan to reduce the condensation trails So all of that together 72% but here's the point the sustainable aviation fuel one isn't repeatable.
"boeing" Discussed on Bloomberg Radio New York
"Com Pershing LLC member finra NYSE sippy This is a Bloomberg money minute FAA administrator Steve Dickson is stepping down at the end of March less than three years into his 5 year term Dixon led the agency through a tumultuous period following fatal crashes of Boeing's 7 37 max and the COVID-19 pandemic He said he'd been motivated to leave by the long periods he'd been forced to spend away from his family in Georgia Pandemic eating habits show no signs of slowing down DoorDash said customers placed a record 369 million orders last quarter a 35% surge from the year before DoorDash enjoys 58% of U.S. food delivery sales but has also moved into other categories like convenience store items and groceries The world's biggest food and drink company is not immune to inflationary pressures Nestlé warned its profitability may take a hit for a second year and it's the latest company to warn that inflation means passing along higher prices to consumers Gina survey Bloomberg radio The markets in focus every business day The Bloomberg markets podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got to vaccinate the whole world analysis of the days Wall Street action What's the thought on apple here from Bloomberg intelligence Bloomberg opinion and influential newsmaker The bond market was the boss Bloomberg markets with Paul Sweeney and Matt Miller Subscribe today at Bloomberg radio dot com The Bloomberg business app or iTunes Carol messer This stock has been on a tear Jim's den of X so take us into the economic impact And the reporters and editors you trust Let's dig into it with Bloomberg business week editor Joe Weber Bloomberg business week weekdays at 2 p.m. eastern on Bloomberg radio Waking up to dispute claims and counter claims If you look to the earnings from Walmart things look good If you look at the geopolitics you won't know where to look Futures right now Then a half of 1% on the S&P on the NASDAQ at the moment we're down a.
Why Is America Getting Mixed Up in Foreign Wars When We Have a Mess at Home?
"Angela Cote via wrote the book literally called the ruling class. He was also probably one of the wisest foreign policy experts ever. And for those of you listening that want to get a really good understanding of how we should approach American foreign policy, Angela Kota villa was one of the most prudent. One of the most fair and pro American thinkers. And challenge the CIA and the security apparatus unfortunately, he died tragically. I was supposed to spend time with him, actually, he was unable to make it because he got COVID and he died of something else. It was awful. But he had this, the reason I bring up Angela Kota villa and Michael Anton, who's with hillsdale college. That's a great actual reminder that I have to tell you about hillsdale, the wonderful hillsdale college Beacon of the north, Michael Anton, who is not, doesn't necessarily agree with everything that Angela coded via says, but is, in some ways, disciple, I don't want to speak for him, but he would say this better than I could, which is you should not get involved in foreign conflicts if you have extensive domestic problems at home. What are you doing saber rattling across the world? Trying to resolve border disputes when our when our own border is wide open, we have inflation, the country is politically divided and you have a regime that is wildly unpopular. Well, that is exactly what the security apparatus is doing. Partly to distract away from the failed regime of Biden, but also to try and feed the fire of the military industrial complex because look, if you're the military industrial complex, you're looking at Pfizer AstraZeneca Johnson & Johnson, Lockheed Martin Northrop Grumman Boeing, they say, hey, come on, cut us in for some of this. We got no wars going on right now. Front page of the New York Times, on Ukrainian front, warily awaiting the worst. After 8 years of war, grim anticipation of Russian invasion. So now we are being fed a nonstop line that we should care about the Russian Ukrainian border
Feds to Indict Ex-Boeing Test Pilot Over 737 Max Crashes
"Federal prosecutors plan criminally charged a former boeing pilot. They suspect of misleading aviation regulators. About safety issues blamed for two fatal crashes of the seven three seven. Max this is according to people familiar with the matter who add that mark faulkner is likely to face prosecution in the coming weeks. He was boeing. Seven three seven max. Chief technical pilot during the aircraft's development and attorney for foreigner didn't respond to our requests for comment a justice department spokesman and boeing declined to comment. We have much more on this. On wsj.com
Remembering 9/11, 20 Years Later
"At each american airlines flight seventy seven took off from dulles international airport outside of washington. Dc the boeing. Seven fifty seven was headed to los angeles like the other two flights. Sarah just talked about with sixty four people on board to pilots four flight attendants fifty eight passengers including three elementary school. Children selected for a trip hosted by national geographic. All five of these hijackers were flagged by security for extra scrutiny for one reason or another including that one of them didn't have a photo. Id and agents found them to be suspicious. The only consequence of being flagged for this extra scrutiny ended up being that they're checked bags were held off the plane until it was confirmed that they had boarded three of the hijackers set off metal detectors and had extra screening before boarding the plane. The screeners didn't resolve. What set off the alarms and allowed the hijackers to board the plane anyway and this seems unthinkable today and the reason that it seems unthinkable today is because we have all been flying in recent years in a post nine eleven world and i think this is one moment to kind of flag as a way in which our our everyday lives substantially changed after nine eleven when you read about the way security was conducted. Then it's just unimaginable compared to what we do now. The five hijackers boarded the plane at seven. Fifty a m two of them set in coach in three and first class. The plane was scheduled to depart at eight ten took off at eight twenty and reached its cruising altitude at eight forty six.
First Civilian Flight Departs Afghanistan Following U.S. Withdrawal
"Not sure if we should have seen this coming. I certainly didn't see this coming but look this plane. We're going to see on your screen right here right here. This is a cutter. Airways boeing seventy seven. Excuse me boeing seven seven seven That is the first passenger flight to depart from the main airport in afghanistan kabul airport since. Us troops withdrew from afghanistan last month. The scene at kabul airport today was markedly different from what we saw. Just weeks ago Instead of us marines we had taliban fighters patrolling runways. The talibans white flags or surrounding the airport on those flagpoles the fact that. Us forces are in control. There and the taliban clearly are today. One hundred and thirteen people including americans canadians brits germans ukrainians all left on that cutter airways boeing seven. Seven flight flew out of kabul and landed in doha in cutter. More flights out flights out again have started. Maybe not just this one may be more to come in a statement today. Secretary of state anthony blinken said that today's flight quote was the result of the departments regular close engagement with our regional partners particularly with the cutlery authorities and taliban officials said today that another flight is expected to take off tomorrow that the taliban is expecting to let it go for its part. The biden news station says it won't divulge details about any upcoming flights due to what they called the ongoing terrorist threat to such operations. Clearly it is still a very fluid situation there. But by all appearances the evacuation flights from kabul appear to be back on as of today with the likelihood that more flights will continue at least tomorrow and maybe beyond that and that is something
The History of US Presidential Transportation
"First us president of any sort to fly in an airplane was theodore roosevelt. It was rather short flight as airplanes at the time didn't have a very long range and it was probably one of the more dangerous. Flights ever attempted by president sitting or former come over after this short sightseeing flight. Us presidents didn't do any flying. It would be another thirty three years before an actual sitting. Us president would get on an airplane. The first airplane designated for presidential use was purchased in nineteen thirty three it was a douglas dolphin amphibious aircraft and it was operated by the us navy as there was no air force at the time. The co name. It was given was r d two. It could seat four passengers and there was a small sleeping compartment. The interior was custom made for presidential use with leather seats. It was stationed at the anacostia naval airbase in washington. Dc until nineteen thirty nine and during that time it was never once used by the president to be fair. Fdr was in a wheelchair and getting in and out of an airplane especially a small amphibious plane was probably something that he wasn't keen to do however he did eventually take a flight the very first airplane flight by a sitting. Us president took place on january. Eleventh nineteen forty-three when franklin roosevelt flew on. The dixie clipper was a commercial boeing. Three fourteen clipper which was operated by pan. Am he flew fifty five hundred miles to the casablanca conference in morocco to meet with winston churchill and charles de gaulle. The flight was done in three stages any flu rather than took a ship because it was considered safer than risking german u boats in the atlantic after the trip the army air force didn't want to rely on commercial airlines for presidential transportation. They proposed the president. Use a modified. C eighty seven liberator express heavy bomber. The plane was dubbed the guess where to when the secret service reviewed the safety record of the plane. They rejected it. For presidential use. The plane was used for carrying the first lady. Eleanor roosevelt however on a trip to latin america. But it never carried the president. The secret service then approved a douglas. C fifty four skymaster which was a transport plane used in the war. It was named the sacred cow ended. Had sleeping quarters are radiotelephone and a lift for getting roosevelt in and out of the plane in his wheelchair. The only time you used it was to travel to the yalta conference in february of nineteen forty five. This plane is on display at the museum. At the wright patterson air force base outside dayton
"boeing" Discussed on WMAL 630AM
"Fourth sponsored by the Boeing Company, an American Airlines. Sunday, July 4th 87 Central only on PBS, go early. Stay late. Travel Stress free can spell upgrade bike. What you're doing The Bay Bridge needed jingle. Yeah, telling people to cross the Bay Bridge early in the morning or late at night Go early. Mm. Stay late. Travel stress free love. Great businesses on the eastern Shore are thrilled to have you back early and stay late. Get favorite Traffic updates at the M V to on twitter or bay bridge dot com. W email, Traffic and weather every 10 minutes. First on the fives, Here's Lisa Beijing and the Hadeed carpet cleaning Traffic center. Sometimes there's just not enough sand. They're spreading sand and absorb it, where a tanker flipped over this morning, Maryland Outer Loop closed between Rockville Pike in old Georgetown wrote. They're trying to stop up liquid asphalt that is pooled on the outer loop of the Beltway, trying to play beat the clock. Talk with Mother nature before she moves in with rain. I'll tell you that everybody has to exit onto 3 55 used for Chinese West Highway or the Intercounty connector. Instead going south of town onto the inner loop. There's an accident clean up near ST Barnabas Road. Your delays begin after Branch Avenue Interlude slowing in Virginia have a Springfield up to Merrifield now from garage door repair. Com W. M. A L STORE March seven forecast. We're going to see some storms start to.
"boeing" Discussed on Newsradio 700 WLW
"Calm. I don't like to sleep and drool. Money news. Sure is cool. Here it comes. The Bloomberg Market minutes on 700 wlw. All right, Jeff Bellenger more fall out now from the solar winds hacking campaign. What's the latest Well. Microsoft is reporting Mike that Russian cyber criminals behind solar winds have launched fishing assaults this week targeting 150, American and foreign government agencies and think tanks. The hackers used an email marketing account of the U. S Agency for International Development of Phishing Emails were sent to about 3000 email addresses. Don't open something. If you don't know who sent it? Absolutely. Leave it alone Mention that to your Bloomberg compatriots there. They remind us almost every week, but they do all right. Big lots with the big first quarter. Yeah, the Columbus face. The retailer did very well per share earnings were twice what was expected. Comparable store sales also beat they were up 13% from the prior first quarter. BigLots issued a profit forecast for the second quarter, but said it doesn't have enough visibility at this point to provide guidance for the full year. All right, and another delay for our friends at Boeing. What's up? Yeah, This is a report that Boeing has halted deliveries of the 7 87 Dreamliner jets. This is, according to Dow Jones, which quotes people familiar with the matter. The report says American Airlines has been told that a Dreamliner delivery schedule for this week will not be made until next week at the earliest. Boeing spokesman told Dow Jones. The company is working to provide information to regulators. And just just now, Boeing has issued a statement saying the 7 87 delays do not have an impact on the in service fleet. So apparently it's not a safety problem, okay. That's good news. Yes, Futures, please. They are still higher. Hessen P futures are up 17 points. NASDAQ Futures are up 55. The Dow futures are up 175 from Bloomberg. I'm Jeff Hullinger, a news radio 700 wlw. Alright, let's do the traffic there at 7 12 what he got Jack Ingram from the UC Help traffic center at the UC Health Brain Tumor Center are renowned specialist find answers for the most complex brain tumors. Learn more at u C, health dot com Rex clear South bound 70. Five just above Union Center. I'm no longer seen heavy traffic from Cincinnati Dayton Road South Bend 75 of the brand. Spence looks a little bit better in North bound 75. No more than an extra five minutes needed into town. And that appears to be dropping a bit chucking from NewsRadio 700 wlw. Not first morning weather today. That's rain right now, moving through tallies on the north end of town, then the brakes more rain later with a high 73 Tonight it's overcast. 48. Chili Low and then tomorrow chilly days. Slight chance.
"boeing" Discussed on WBZ NewsRadio 1030
"The board. Boeing says it's got a problem with it. Electrical grounding issue between the max jets were grounded for two years after two deadly crashes and then the pandemic. Now the new MAXjet issues She is as Boeing seeing orders continuing to plummet in the months to come. A mid air collision between two small Clinton planes over a suburb of Denver. WBC's Alex Stone has the story. The two planes hitting in mid air about four miles north of Centennial Airport in Arapahoe County, one pilot of a key lime air twin engine plane reporting any out of problem. The audio from live 80 si dot net curriculum, 9 70 declared emergency Once on the ground, it was clear a huge chunk of the back of that plane is missing, apparently taken out in the mid air collision with a small, serious plane that was seen falling from the sky with a parachute out. Incredibly, nobody was injured. Everybody walked away. Fine. Alex Stone, ABC, New seven. Oh, three. Keep you grounded on the roadways this morning, Laurie Grandi is watching the Subaru Retailers of New England all wheel drive traffic on the threes. What's going on, Jeff? We have some problems right now. In 93 south on its at Mystic Cabin, Somerville, the left and center lanes are blocked off there. The left and center lanes of 93 south and through Somerville. As they deal with the crash there and also trouble on the mass pike. Let's go right to christen AC in the WBC news radio traffic copter where we were Certainly the crash here on the Mass pike eastbound after 4 95. So it's before you get to read nine and framing him. This is it won't work somewhere the lanes air shifted over to the right, so they did manage to get everybody off over into the left into the construction area. Everybody is just about loaded up on the fact that records now But it's a curiosity issue at this point, and you are jammed back beyond 4 95, starting to back up the hill toward the West Forest Service Plaza. Mr Nakata, WBZ is radio traffic copter. Yeah. Route nine. Getting some of that. Some of the folks trying to avoid the pipe right now through Southborough. Especially slow going there 93 south. And like I said, we get that crash their mystic have actually prior to that, bluebird. It's very heavy as well. Approaching 1 28 to Park Street in stone. Um Stop and go. Traffic continues north on Expressway Adams Street to Columbia Road Lever Connector is full. The Tobin is jam from the center span. I'm sorry from Carter Street to the effort of on ramp there with the new, dedicated bus lane starts Watch out for delays as well. With the crash in the median 95 north bound. It is a slow going in North Attleboro. The crashes at 1 52. But the delays begin a 2 95. Laurie granted WBC's traffic on the three soaking up the sunshine this morning in Boston 52 degrees. It's beautiful. Once again, the winds of pretty much calm down to we're gonna see Son for most of the day as Heis approach.
"boeing" Discussed on Bitcoin Radio
"It. Well using hyphen later. Fabric kind of bubble gum together through it up on amazon services a little communities luster in that in itself seems very simple. Say but actually learn cooper nettie amazon web services to an extent that you can handle that. Learning religion fabric learning certificates. Pki all the different pieces that you have to kind of figure out just to get something to kind of maybe works and then on top of that a middleware so that a you. I can work so at this point. It's a broad spectrum of different things that you all. There's no way you're gonna be an expert at any of these things going up and ten years in industry not necessarily development but administration and technology. Whatever and i was bad at many different technologies but i learned enough to be serviceable in building. This piece of work is a proof of concept and you know we took it forward this great lettuce some other people and gained little traction and i got to kind of showed off and talk about it in that really built that confidence in from there on all right so i built something badly on my own. Now how do. I get somewhere where i can be with experts. Who know how to build things. Well who have large scale use cases where we can work on scaling ridden kind of get that information in that. That worked really tightened down and you find mowing fight. Whoever would be the big the big area and the goal is to try and get in that room with people who have done it before who are who are very knowledgeable or can give you that kind of that coke. Say yeah do this now. Or what have you try this piece or how are we going to make things ale. That kind of stuff. And that's that's the hard part. That's the fun part because that's where you slowly but surely can gain that insight into you all right so this works with three users. How do we make it work with four thousand users if we use cell sites how do we use you. Just science certificates. How do we use certificates. That are that are trusted by one group. An actress and by another things like that. How do you really build out a very mature environment. And so that's kind of your growth hassled and it doesn't need to be isolated fabric or court systems or anything else. It could be whatever it is that you want to find a solution to use that to help you on your journey and build those skills up critical thinking of building out what a project needs to have four to be sellable so the other piece i think i kind of ran into. Okay yeah i can build hybrid fabric with a couple of nodes and they can talk to each other and amazon and i can send command line commands to but no one cares like no one wants to see me. Can't walk into a room with a bunch of people who work in the end in an industry. That's not holding in show them that they'll be like us for command line so you have to look at. What can i do that. I can also you. I was skills i have. What can i do that. I can also show off the. How do i build this so that i'm showing off enough. It's not going to take me six years to build their right that kind of stuff. And that's i mean that is a one to one else. You brag management any industry of. What do we want to accomplish. What can we actually accomplish. And how can we find that neom in the middle of things that actually is the best possible outcome of between what we would love to do what we can actually do into time. We're given the into different Things that just come up. Yeah that's such a great Example kind of case studies for any student who is interested in and maybe getting into the blockchain space because it sounds like you took something that you were already kind of working on where you saw me. Balk chan can apply here You know went through all the steps of what it takes to build something. Got that experience of you know. How do i integrate with amazon. How do all these other things How do i show this to people. Do i need to build a ui for it And those project management skills and then That gave us background in blockchain to be able to move on to. Now you're blockchain architect at boeing absolutely. It's absolutely true. In in the blockchain industry is so young. And there's so many people who are just now starting to kind of get rolling in it that it is a very special place. I think right now where people can start from zero really build quickly and really start to kind of finding new and interesting ways to use blockchain to find their little niche within watching. What can i do to budget. It's different than everyone else's doing that can make me kind of a little expert that can have people come and ask me about certain things in my person personal place. It's kind of the administration the operations kind of piece of that i work. I work a lot in building out infrastructure that makes it more easy for administrators to run an checkup on and change. And do they need to do in watching our right a lot of the tools that are other. There's a lot of different options when it comes to watch a lot of companies a lot Works building out tools to make it quick or easy well. Quick and easy as relative orson industry but making it less complicated to get up and running with east tools and those are along the lines of what. I'm doing a mind lit more specific to some of what we're doing. But that's just because i had ten years. Prior of mostly being administered or running programs are trying to sell the idea of programs to upper management. Or whatever else is kind of where. I meander tune it just kind of where we can get. You doesn't mean we're not building the build stuff which is fine but it's an it's an it's not your typical building blockchain as as early or doing a lot of jeep. And that's also the fun part about this industry is you're thinking i'm going to build this. One specific staffer underbellies one thing. The next thing you know you're doing devops or the next thing you know you're you know you're you're working on some language you'd ever heard or you know somebody tran. Which is an ancient language. That used to haul i think. And that's another kind of i think something to take with. You is trying to get excited about challenges. Because there's going to be challenges. Never gonna walk into space where you're going to get what you expect especially in technology you're gonna walk in and someone's going well. This doesn't work to ease to work like yesterday. Can you fix it or i need to. I need you to help me do this or need. Take this task might player whatever else and you may have some sort of idea. You hopefully have some therapy but it's still going to charge you nonetheless. It's never going to be specifically what you're used to and you have a tendency your first couple times around to kind of during the headlights and what it says you know any and you're gonna think of yourself. Roy do you redocking start making it work and you gain that offense experience points to really kinda level up to. Yeah now. I can do this now. I can analyze any problems and you know obviously best case scenario your your schooling in your education. Got your face we already have. Some set of comments is but you just never know until you're there really working on a problem And sometimes there's problems that there is no googling that can help you sometimes. You just have to work through it. Plays figure it out. Although stack overflow greedy much knows everything but even in blockchain. There is a lot of newer stuff where you're not going to be able to lean on. Somebody must've run into this problem and don't be afraid of it. Be excited about that because if you can solve that now makes you the expert in that field. And that's true. Enfield really in technology. But i think that's another good piece of advice to take along with us. Expect challenge excited. By when you're overcoming..
"boeing" Discussed on WFAN Sports Radio_FM
"Even when their official make the call on her and there aren't home and it doesn't go for the home team. They're getting booed. That's till they have the pipe in Boeing for the referees, Uh, they can't win. I love those lines. Last official question and I'll I want to move on to the NFL with you. First touchdown in today's game. Were you watching the Ravens in Tennessee game before you hop down May I was, uh, brown push off on that touchdown that looked like a blatant pass interference to me up end to pass interference. And they just let that one slide. You see, now you're talking to a former corner, right? Yes. I know who I'm asking. I do know this. When you start getting hand play, and there's hand plate was involved in that place corner turned into the chest of the wide receiver and that part of it, he turned the correct way. And the way they officiate that is that someone gain advantage. That that that's how they look at that. It's someone gain an advantage. I think the way they look at it. No one gained it advantage. The corner was in a tough spot. In my opinion, he would have been in a better spot if he was outside leverage because it could never throw the ball to the field. He got caught inside due to the fact that the formation Put him inside a little bit. If you don't work outside of that wide receiver, he would have been a better position. That wasn't the case. So they're not gonna call that I mean, if there was a push Extended arm. They might call it. Oh, I want a whole slave. No one gained advantage, so they don't let it go. I absolutely saw a point and the back ended up on his rump. If that's not gaining an advantage. I don't know what it is. I think what happened was it just where I looked at it is that when the receiver went back to catch the ball When he put his hands up to catch it. He never extended his arms. Go catch the ball. He's a big, strong, powerful guy, too. Now understand that that receivers about 64 he weighs about 2 15 to 20. And and that's a tough matchup for corn like cover the tight end. And so he fell down, and I think when he fell down, people felt that the receiver pushing down I don't think he pushed you down. It all goes back to one of the former corner. Now I say This is the corner. Now. Come on. Now. I think you're doing any justice your fellow corner on that particular play, But that's just make harmony. Edwards here with a signed CBS sports radio. I one of the reasons why I thought to get you on this week was because I do Children. Philadelphia's well your old town where you played with the Eagles on have a good standing relationship with the organization. Still, AH lot of people chime ng in about the fact that the Eagles might not have put Their best foot forward and week 17. They decided to pull that starting quarterback in the second half and put their backup Nate side felled in and a lot of speculation that the Eagles weren't giving their best effort to try and win the game and it could be advantageous. It ends up. They will now draft six rather the ninth because they lost that game in New York. I am pants were all up in arms because they thought the Eagles kind of rolled over in that game. The line You play to win the game immediately came to mind for me and I don't know if they did or didn't tank. I don't know if Doug Peterson, although he said he made the decision to put in a tub filled in the game wasn't influenced by anybody else..
"boeing" Discussed on WTOP
"Is gonna be multi rations between Quail Hollow Road in Avondale, Drive the crash and apparently went off the road. Follow police direction to get around it. He and Crawford w T o P Traffic starts in four meteorologist Lauren Riggins on a day like today, you're really Thankful for heated seats. You're absolutely right. It is a frigid morning out there is those temperatures are continuing to stay put in the twenties and thirties right now, so a little chilly. Plus, we've got a little bit of a windows well, but as we continue through the day, a lighter when temperatures in the low to mid mid to upper forties today I want to shave any degrees off of you. But, yeah, mid to upper forties for daytime highs today, so all in all, not bad, plenty of sunshine. Excuse me. We'll have a few more clouds around tomorrow. Temperatures will be in the mid to upper forties. Excuse me, then sunshine to finish. The rest is work Week. John right now, and temperatures are in the mid thirties. Washington at 36. Yeah, 36 degrees Right now It's gonna be cold, but at least Sonny as the day moves on today, it's 5 51 and dozens of people are feared to be dead after a Boeing 7 37 passenger jet. Disappeared from radar minutes after taking off in Indonesia. CBS is Roxana Saberi. Reports from London Indonesian Tree Vagina Air flight was due to arrive on a nearby island around 90. Minutes later, this'll man says his wife and three daughters were on it. I was supposed to pick them up, he said. I won't be able to meet them again. Boeing 7 37 500 was 26 years old. It did not have the automated flight control system that played a role in two recent crashes involving the Boeing 7 37 Max. Search and rescue officials have spotted wreckage in the Java Sea. They've also found human remains in that area. The white.
"boeing" Discussed on News Radio 920 AM
"This is the financial exchange with Mike Armstrong and Barry Armstrong. Bowling. Shares are down about half a percent this morning on news that they're going to be paying 2.5. Billion dollars to resolve a Justice Department criminal investigation, and they will admit that employees deceived aviation regulators about safety issues. No news on any jail time here, Michael Now none And frankly, I just don't suspect there will be but more so the $2.5 billion Fine is a huge fine of Boeing's total 2019 revenue was 76 or $77 billion. This is not an insignificant, insignificant sum of money. What I think is the big news here, though, is something that we didn't see in any of the lawsuits following the 2008 financial crisis as an example, which is an admission of guilt here. Boeing had to settle this lawsuit by Doing so they had to admit that they intentionally that they employees deceived aviation regulators. That is a huge piece of all of this. And, yeah, The fact the matter is it's Boeing, right? There isn't competition in this space. And so you know if you had this against the bank, if you had this against another organization, there might be a different a different outcome here where consumers would change behavior. The fact of the matter is, consumers aren't really able to avoid flowing up flying on Boeing jets if they're going to take to the air, But still do you think it is a significant step here that regulators pushed for this in the settlement of admission of guilt here? Yeah, with that does is. It sets up the plaintiffs of the wood? They killed the 400 people. So those 400 families that were killed by Boeing now have that in their negotiations so that that's the next you know, they're going, how much more they're gonna spend on settling those lawsuits. Is there any estimates out there? That has to be built into the stock prices? Well, yeah, I don't know. Um, So look, Boeing kind of regardless of the price is happy to just put this behind them and move forward and their stock prices reflected that, you know, really since body cratering and body him bottoming out back in March, they've started to come back. Part of that's certainly duty. Oh, covert pressure, not being quite a strong But the other part is, you know, certainly do tow putting this at least partly behind them like to remind everybody that you know, bowling General Motors Toyota companies that have killed people, right thing. Executives don't go to jail and you know, In this instance Boeing Murdered. I don't know 400 people onboard there. They're going to pay billions of dollars in fines. But nobody's going to jail and those fines were paid by the stockholders. But let's not forget that the owners of the company are ones writing that check for $2.5 billion. It's not the Boeing executives that are writing the check. It's the stockholders. Now, as stockholders. We have been remiss because we didn't manage the company properly right? We should have been more involved in the selection of a board of directors and you know what kind of supervision is going on in the company, But the fact that matter is you know, corporations don't kill people. People within those corporations are the ones that are responsible for those deaths. And it's a shame that Nobody is being prosecuted and to your point. Nobody was prosecuted in the general case of General Motors, and nobody was prosecuted in the case of Toyota, and those were just a couple of this similar examples that we've talked about the only real examples that I can think of with corporate executives going to prison is blatant accounting fraud. Right. That seems like a pretty low bar like that. That's what we're going to put people in prison for right. We'll go to jail for cooking the books, but you don't go to jail for killing people. Anyway. I dyed dress federal and investigators are now probing American express card sale practices. You know, this is all an offshoot of the Wells Fargo story, and what's happening is through financial institutions across the country is You've got whistleblowers coming out and saying, Well, if you think what Wells Fargo's doing was bad, you should see what we were doing over at American Express or your what's going on in the financial sector as related to this topic. I think it's going to run right through the whole sector. I think they're all guilty of this. Yeah. I mean, this is frighteningly reminiscent of what was talked about it. Wells Fargo. I think the big question here is how high up like Wells Fargo. We went pretty darn high up where executives were aware of what was happening and shows to do nothing right. There were High level employees there that were failing to check in on what was happening there. The question it Amex is, you know how high did this go? So in terms of the allegations here, More than a dozen current and former Amex employees have told the Wall Street Journal that some sales people strong, armed or misled small business owners into signing up for cards to boost sales numbers, some salespeople misrepresented card rewards and fees or even issued cards that customers had not sought. A lot of it goes back to if you're a call Amex had the partnership with Costco that ended and the salespeople were, uh, likely pressured to, you know, get new sales if for the lost customers from that deal, um Yeah, it's good that this investigation is occurring. It is specifically occurring because after the Wells Fargo investigation, they told all the big banks Hey, doing Internal review a swell as the whistle blowers that have come forward. In this case you like we said over a dozen people have talked to The Wall Street Journal about this. Um Yeah, My big question is just was it significant here? It was significant, but was it significant enough that it made it that higher level executives were aware of it and ignored it. To the same degree that happened at Wells Fargo. If you missed it In the first hour of our program, we saw job losses in the For the first time in eight months during the month of December during the jobs report that came out this morning, Michael We did. Yeah. So we have seen, you know recoveries in the job market really since the high the pandemic when unemployment topped out at what 17.5% that as high as we got highest on record, those numbers were actually revised pyre. They were worse than had initially been anticipated. But this most recent month of December we saw job losses, You know, specifically the biggest section of job lost being in the leisure and hospitality sector. We lost nearly half a million jobs in that sector just in the month of December. I don't think that's hugely surprising. I don't know about you bury, but I have Seen and spoken with so many restaurant owners and staff who just said Hey, we made it this far. We can't really find a business model that works. We're going into hibernation. And that really happened, Jim, right around November, December time, friend. Yeah. Yeah, well, you know, it might be the smart move, you know, work something out with your landlord. Yeah, He's not going to forgive the rent, but maybe he'll tag it onto the end or increase your rent later on. Um and let your workers collect unemployment. I do think you get to, you know the beginning of the second corner and your receipt, a dramatic decline in the virus numbers and then people are going to say, Well, let's go to Morton's again. Let Z Let's go out to dinner. You're gonna see large groups of people going out to indoor dining, but you haven't seen since February. You know that battle will all change and then the demand will be there. It's a matter of now. How many of the what is about 40% of restaurants have closed? 30 40%. Yeah, I I'm sorry. I don't know the number. I know the quote from the country. Yeah, you know, either closed or to Michael's point Gone into hibernation. Tucker, right? I Yeah, I know the numbers from I think Yelp had done the survey or maybe open table had done the survey with tens of thousands of restaurants nationwide. Certainly, If you look at independently owned restaurants, I have no doubt that the numbers would be that high. What I would like to see you know, on top of what we're talking about now at the local level. I'd really like to see some long term changes for restaurants. The stuff that we saw, for instance of blocking off sidewalks, blocking off parking spots and allowing them to take over that space for outdoor dining..
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"Is AP News. I'm Rita Fall away. Five people have now died after the violence of the U. S. Capitol building on Wednesday when Trump supporters stormed the building. Capitol Police officer Brian Sick Nick collapsed after returning to his office. On Wednesday, a protester was shot dead by police and three other people suffered medical emergencies and died. And now it appears President Trump is responding to talk that he should be removed from office. Talk like this from Republican Congressman Adam Kinzinger of Illinois. The president is unfixed. The president is unwell. And the president must now relinquished control of the executive branch voluntarily or involuntarily. AP Washington Correspondent Soccer Madani In a video shot at the White House, the president admitted for the first time his stay there will soon end Congress has certified. The results and new administration will be inaugurated on January 20th. The video appeared aimed at fighting back talk that he should leave office. Now this man is deadly. House Speaker Nancy Pelosi is among lawmakers calling for This President pen saying the cabinet to remove the president immediately threatening another impeachment push. If they don't Neither option seems likely, though they're mere discussion is a warning to the president. AP Washington Correspondent Soccer mahogany reporting there on President Trump Two Cabinet secretaries have now resigned Education Secretary Betsy DeVos. And Transportation Secretary Elaine Chao LeBron James is talking about the storming of the U. S Capitol building on Wednesday. Last night after the Lakers lost to the Spurs, he said, We live in two Americas. He said, had had been black American storming the Capitol. We all know what would have happened. New research suggests Visors Cove in 19 vaccine can protect against a variant found in Britain and South Africa. This is AP News Boeing will admit that employees misled regulators about the safety of its 7 37 MAX Aircraft, Boeing has reached a hefty settlement over criminal charge that it defrauded safety regulators about the MAXjet. The Justice Department says Boeing has agreed to a $2.5 billion settlement that includes money for crash victims, Families, airline customers, the airlines that bought the planes and a fine two crashes. One in 2018 killed 346. People after the planes were grounded in 2019, Boeing redesigned and automated flight control system blamed in both crashes. And in November, federal authorities again allowed the Max Jets to fly. Jackie Quinn, Washington The Dow was up 211 points yesterday. The S and P up 55 the NASDAQ Up 326 points. I'm Rita Foley AP News in the hours after his supporters rampage through the cap. But all we love you. You're very special. But yesterday to those who engaged in the acts of violence and destruction, you do not represent our country and to those who broke the law. You will pay. Still, The president's role in urging backers to march on the capital in the first place is having an impact. Transportation Secretary Elaine Chao, who is married to Senate GOP chief Mitch McConnell, resigned, saying the attack deeply troubled her education Secretary Betsy the boss has also quit telling the president. His rhetoric on the situation was an inflection point. Saga room agony. Washington For the first time President Trump is admitting his White House term will soon end more than a month after Joe Biden beat him, the president is conceding, saying in a White House video, a new administration will be inaugurated January 20th. He did not name by then, or explicitly say he lost on Lee that he'll work on an orderly transition. We must get on with the business of America. The video came amid more talk here in Washington of immediate action, too. Remove the president, a very dangerous person who should not continue in office. House Speaker Nancy Pelosi is pushing the Cabinet to invoke the 25th amendment or Congress will consider impeaching him again with just a dozen days left in his term. Neither option is likely, though there are fears of what having the president may wreak in his final days. Saga room agony. Washington Thank you for listening to the AP Radio Network. Hey, did you know that The Associated Press produces news related books? Here's what's new enough coming first pet presidential dogs, cats and other.