37 Burst results for "Dave Calhoun"
Boeing Raises Mandatory Retirement Age for CEO Calhoun by 5 Years
"There's a pretty big one. Also, we have Boeing. Speaking of transportation Boeing, they did have a kind of mandatory retirement age of 65, but they like their CEO. He's 64 years old. So now the board is saying, OK, OK, 70 let you retire. It's 70. So Dave Calhoun is gonna stay on as the CEO bowing. It would appear anyway for
Fresh update on "dave calhoun" discussed on Dave Ramsey
"Verdict is the right verdict, which is it's overwhelming and like you. I wouldn't say that must be jury was sequestered. Now hear me say that. The president said He spoke by phone Monday with members of George Floyd's family because he wanted to know how they were doing. I can only imagine The pressure and anxiety they're feeling. Karen Travers ABC News Be sure to stick with Katie are because we could hear a verdict in the trial at any time. Be sure to download the K T A R news app. So you don't miss a minute of breaking news coverage. When it happens now, let's get a look at your money. NBC News Wall Street now to north of the Border Railroad's Canadian national and Canadian Pacific, or in a super heated bidding war for Kansas City, Southern at stake, is a potentially lucrative transportation giant connecting the continent. From Canada to Mexico. Despite perhaps the most challenging year in the plane Builders history, Dave Calhoun will be staying on a CEO of Boeing. The company's usual retirement age is 65. But the board has voted to extend that to 70. So the Calhoun can stay on for Boeing's rebuilding. It's gonna be easier to buy and sell Bitcoin Venmo says. Users of its APP can trade in several crypto currencies, including Bitcoin. Still, they cannot send virtual money to their friends. Just yet. Jim Brilliant. ABC News, Boeing and 90 the Culbertson A Down day on the markets Dow Jones Industrials Down 321 Points the S and P 500 Down 35.
Suddenly, The MAX Is Boeings Good News
"On january the twenty. Seventh europe's jasa became the latest regulator to lift. Its flight ban on the boeing seven. Three seven max. If only the day had ended there but boeing still had report is full year earnings for twenty twenty and they weren't pretty. The company reported its largest annual loss. Ever nearly twelve billion dollars. It took a six point. Five billion dollar pretax charge on the triple seven x program and push that aircraft's first deliveries back another year too late. Twenty twenty three because of the need for late modification. To the aircraft's flight control system. Meanwhile quality issues forced boeing to pause deliveries of the seven eight seven and the cash. They bring in ironically the companies brightest news. Maybe the return to service of the max and ramp up of production and deliveries joining me to unpack. All of this are three. Aviation week editors guy. Norris who recently visited boeing triple seven x flight test program in seattle sean broaddrick who extensively about the max and seven eight seven and jens flottau the leader of our commercial aviation team guy. Let's start with you. Is it safe to say that you were fairly stunned by this news about the triple. Seven x after hearing from program leaders just a month ago that the certification effort was on track. Thanks joe stunned is probably pretty accurate word. I would say you know having been there. I was looking face to face with with the team. There was sitting in the flight deck and this is only a month just over a month ago. Really six weeks. Maybe through is not the faintest hints that this was coming down the track. I certainly got the feeling that we wasn't just as i was stunned by this. I got a feeling that a lot. Of the even the company boeing themselves. Let's just get the feeling this really come out of left field a little bit so just to put people in perspective. We don't actually at this as we're recording this podcast. We don't yet know the some of the specifics involved and we don't also know whether The ramifications of whatever's happening with this modification how it will impact the timing of the proposed beginning of the certification flight test program now just to remind our listeners. This was due to happen Virtually any day now under the schedule that we were talking about in december. Where the faa what grant type inspection authorisation to boeing to begin building credit towards certification with flight testing. Remember the aircraft has been flying for a year. now was four in the flight. Test program So you know the the the verge now getting to that point that would mark the final brolin towards certification and entered service. So just now twenty four hours ago. All of that changed. We don't know yet whether the tiaa started that stopped or delayed we're presuming it probably well but at this moment we don't know so anyway. What's going on. Well we know that Boeing is basically saying what Dave calhoun boeing. Ceo said yesterday was essentially that There's to be some modifications to the actuation system of the flight. Control system particularly. He said firmware and hardware changes to the actuator control electronics. And he said that reflected our current judgement of global regulators compliance expectations. So does that actually mean well Digging a little bit deeper we understand that somebody has raised concerns about the potential for single points of failure in the in the in the flight control system. We're not sure if it means changes to the flight control electronics unit which actually manages the surface actuators through a series of remote electronic units or whether it actually applies to the physical actuators themselves as far as we know the all commonly provided by the same company japan. So anyway that's in a nutshell where we are with with what we know so far and i think it's pretty fair to say guy that they wouldn't have had you out there for all those extensive briefings if they knew things were going to turn south. So this obviously was a big surprise to boeing as well. Yeah absolutely joe. i think you know. Let's not be fooled here. Companies like to sometimes keep things to themselves when it suits them of course But i think in this era of trend you know. They're trying to be more transparent and i literally. I don't think anybody at the time of our meeting. Saw this coming down the track so very disturbing of course for them. The only thing is no. No yen's is going to speak to this a little bit more in a second. But you know looking. They've also indicated oversee. The impact of covid continues. This is built into their new expectation of deliveries. Now by the end of twenty three. And you know quite frankly They've been talking to the customers as well about as and and we should say that. So so they so they know that you know the market itself is not really ready to take this aircraft
Fresh update on "dave calhoun" discussed on Bloomberg Markets
"Lower, or 33,963 S and P 508 points lower, lets down 2/10 of a percent at 41 54. The NASDAQ composite index. 15 points. Laurie, that's down 1/10 of a percent of 13,899 We check the markets for you everywhere you 15 minutes during the trading day, right here on Bloomberg Radio. I'm John Tucker. That each your Bloomberg business Flash Madden Paul John Tucker. Thank you so much. We do appreciate that. Is Jonathan's mentioning Read on this screen. Let's get Let's see where the action is on the individual stock level this morning. We do that with Bloomberg Stock, Senator Davis and David you looking at Well, I mean, if you go through the 11 main industry groups in the S and P 500, you see four up seven down real state utilities. The interest rate driven kinds of Areas. The market you know the best performers on the day energy taking a bit of a head, so financial stocks, consumer related shares that sort of thing and in terms of what's moving, you know, company or industry wide mean alive that's being driven by attorneys. And, of course, you know Kansas City Southern which you've already mentioned up about 15%. As Canadian national railway takes on Canadian Pacific railway in a bidding contest, so Canadian national No surprise down in U. S trading off about 6.5% at the moment. Beyond that. I mean, IBM is up more than 3.5% United Airlines, though down 6.7% on dragging down other carriers as well. Both those moves coming after results late yesterday. And then Altria. Uh, this is the company that new makes Marveaux cigarettes and other brands mean it's down more than 7.5%. You're talking about a second day of losses on the prospect that the Biden administration will require cigarette makers to cut the amount of nicotine and non addictive levels and possibly Then Hansel as well. So you know, some changes that lets just say would not go over well for the industry. Dude, when people aren't addicted to your product It makes it so much more difficult to sell. You didn't like you That point Absolutely. The name always makes me think of the dead. But that's al FIA, not Altria. Correct. There's something else going on other than earnings because I noticed You know the gainers. Our utilities. Today Healthcare is up. It's kind of defensive stocks up and everything else down and investors are buying bonds as well. Yeah, There's been a bit of that which really kind of marks a change from what we've seen lately with, you know, bond yields rising. And as a result, so the rate driven areas of the market not doing so well, notably real estate, utilities and financial stocks, reaping the benefits, So you know what we're seeing. It's kind of popped up lately, but it's definitely a switch from What has occurred over say the past couple of months or so, and another thing that jumps out just if you're looking for you know what's happening in financial stocks. We got results late yesterday from Zions Bancorp and, you know We've had a lot of banks come out with numbers. Uh, last week was all about the biggest banks and a number of the regional lenders as well in science fits into that category. And the issue with that set of results is, you know, just not making enough In terms of, you know the gap between their interest costs and what they're earning interest that net interest margin to satisfy investors. So Zion's off 5.4%. The moments of people are definitely paying attention to how rates because stacking up across a number of industries here. Bowing in the news, Dave, but not for some of the reasons that we've noted over the last couple of years here, it's a person changes or some, I guess that the CEO staying on for extended period. Right. They increase the retirement age specifically for CEO Dave Calhoun by five years to 70. Now he's 64 so He would have had to leave and fairly short order. If not for that extension, as they put it, you know, looking a bony shares, though. I mean, they're not having a good day. In fact, Yeah, You're talking about a fist straight decline, potentially for the shares their off 2.7% at the moment, so it's not like the idea of continuity in the C E O chair is doing much Tonto help in terms of you know where Boeing is at this point, and it's interesting you could look back on the past couple years and say. Management do a good job with the 7 37 max out Just as an observer, I would say, boy, the messaging if nothing else was terrible. Yeah, you can raise that question. And clearly, you know in anymore some investors that kind of voting with their feet here. The product mix also, you could you could ask if they were great forecasting, you know? Do we want gigantic wide bodies or, you know, should we should We build a three twenties? Oh, Airbus already builds the a three time so they gotta build something else and But, you know, sometimes that kind might be a member of Augusta that sometimes sometimes, you know, it helps to have friends and powerful places. Just want to quickly asked Johnson and Johnson. We just see a red headline coming across the terminal. I don't know if I'm asking or telling, But you drug regulators say they found a possible blood clot link in the J in J shot, but the risk benefit remains positive. And you know, it. Looks like you're safer driving a safer taking A Johnson Johnson shot than driving a Tesla the way it is now, but we do see the stock rising up 1.4%. Yeah, Bear in mind to Matt. The change a had first quarter or Eddie's out and profit was higher than analysts are expecting, and Bloomberg survey they raised their sales forecast. They lifted the dividend by 5%. So you know you have the developments on the covert 19 vaccine the same time that investors are reacting to those results here. Right, Dave. We appreciate that. Bloomberg stocks editor Dave Wilson giving us the update, and again you're looking at Johnson and Johnson up 1.4%..
Boeing will pay $2.5 billion to settle charge over 737 Max crashes
"Charge of criminal conspiracy related it to 7 37 Max plane crashes, The company will pay $2.5 billion without pleading guilty. Here's NPR's David Schaper. Federal prosecutors say key Boeing employees to siege safety regulators about a new flight control system on the plane that investigators say played a major role in both deadly crashes. There's some really damning language in there about Sacrificing safety, you know for profit, basically Carl Tobias, his law professor at the University of Richmond, it did not find widespread fraudulent behavior in the company. But these two central employees did engage according to the government in very bad conduct. Prosecutors say the deception by those two Boeing employees quote impeded the government's ability to ensure the safety of the flying public. By singling out just the two employees. Critics say the Justice Department is letting blowing off the hook. I find this find to be inadequate, given the egregious nature of the defense organ Democrat Peter DeFazio chairs the House Transportation Committee, which found widespread evidence of management failures of Boeing. He calls the settlement to slap on the wrist and an insult to the 346 victims. 24 year old Samuel Rose Stew, Mo died in the Ethiopian Airlines crash in March of 2019. Her father is Michael Stew, Mo. This is the Boeing Protection Agreement. Studio points out that Boeing's criminal fine is just $243 million. Most of the breast almost $1.8 billion is compensation that Boeing has already agreed to pay airlines that purchased the 7 37 Max, There's nobody being held accountable. Personally. In a statement, Boeing CEO Dave Calhoun calls it a substantial settlement of a very serious matter that appropriately acknowledges how we fell short of our values and expectations. David Schaper NPR news
American Airlines to fly first Boeing 737 Max plane from Miami in nearly 2 years
"At Miami International Airport are boarding a 7 37 Max, take off. Four take off. It's an American Airlines jet that will go from M I a toe LaGuardia after two deadly crashes involving its state of the art plane across there's a Boeing 737. Max ate the same. Boeing reworked the Max and now is his CEO Dave Calhoun. I think we come out of here leaner, faster, smarter, better, most importantly, safe. But among families of the 346 people who died in the two crashes. Don't trust it. Elena Lopez Lewis and six other family members have written to the FAA asking that the max be Grounded again while acknowledging that I don't think that fake really cares about what we have to say, either Jim early in ABC News The
"dave calhoun" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Discussion. On bloomberg television between boeing ceo. Dave calhoun and reiner ceo. Michael o'leary they announced the deal today for some planes to be acquired by ryan air. Let's chat with george ferguson. Senior aerospace defense and airlines analysts for bloomberg intelligence. What we might hear. So george talk to us a little bit about this. Deal for boeing with a ryanair. Seems like really. Good news for boeing. Here yeah thanks paul. I think it's absolutely dorsey. Here for the boeing. Max and the sixers that have taken place and where you know where ryanair sees that whole process emma skillfully comfortable of the airplanes viability sang at the bible. So i think they feel pretty comfortable in there and they're coming in for a nice size order seventy five. I actually thought it might have been larger. It's not larger maybe a testament to the fact that we heard the boeing ceo. Kowloon say they're not going to buy themselves back into the market or something like that. An exact quote. But i think maybe a testament you know we know ryanair was sort of sniffing around looking for order actually. I think it's been at least two years so they love to by airplanes cheap. I guess is maybe An older didn't get quite precious. He wanted and sort of stepped in for seventy five. What's good endorsement dangerous. The airplane a good news for boeing could newsline. Erica search talks about this seven. Three seven. max i you know. I just speaking for myself. If i were to actually take a flight which is a huge if here in this world and i walked up to the gate and i looked out the window and i saw seven three seven max parked in my gate. I have no problems. Getting on the plane am i am i. The exception were. How do you think this plane is going to be kind of embraced by the airlines. As well as an passengers he you know. I think that. I think that the public has sort of short memory on some of these things and i think there are some people that would be concerned about flying the next given the history. I think really some of their concerns the bed. By the fact that the faa and european regulators really portable airplane. You make sure it's safe. They really don't want egg on their face with with another problem with the airplane. And we're now going to have simulator training for the pilots transitioning from the seven. Three seven eight. To the mac. Which i think she also give people covered. I think you'll see advertising campaigns around some of those Training and look again..
"dave calhoun" Discussed on Bloomberg Radio New York
"Honestly, most them will know. But if anybody does, you know for the 1st 36 months were so spires so proud and so assured of these aircraft. Somebody wants to get off a max aircraft. We're gonna let him off. You go on the next flight operated by an N g. You know, there will be no quibbles about it because it is so safe. I think once people get on the plane, see the interiors enjoy the experience Quiet her more fuel efficient. On, you know, in the history off aviation, you know, 99 99 airfares have conquered almost every known fear of air travel and where will be lost in 9 99 airfares across from Ryanair across Europe next year. Customers will convert to these aircraft very quickly. I go back a couple of years, just with the 787 side issues with the lithium ion batteries, you know, Fixed, redesigned fixed. 77 has been a fantastically successful program. And the 737 Maxwell, too. I appreciate your time. Thank you very much. Indeed. My plane. Dave Calhoun. Thank you very much. Indeed. For your time. That was Boeing CEO Dave Calhoun and Ryanair CEO Michael O'Leary. Discussing their deal for Ryanair, two by 737 Max JETS They were chatting with Bloomberg's Guy Johnson and Alex Steele. Let's bring it George Ferguson once again. George is the senior aerospace defense and airlines annals for Bloomberg intelligence. George just listening to that boy Michael O'Leary of Ryanair, really putting his support behind Boeing 7 37 Max in a big way. Well, he might not an equivocator, so I think it's a strong endorsement. I thought, actually one of the most interesting things in that discussion Woz he's already talking about in order for the Max 10. Yeah, I'm not sure why He didn't just get it done. Now get the right price yet. I don't know what he's talking about it following orders so easy isn't talking. You always talked his book, but We think if he was gonna negotiate that, if he was interested to be trying to play it again share, But so Yeah, you gave a strong endorsement. Yeah, it's interesting, You know, really a strong endorsement there for Boeing and looking at the stock. It's up about 7% today, George have talked to us about you know these 7 37 Max jets that air You know, you know, Honor you somewhere on the tarmac somewhere. I don't know They're out in Arizona Desert talk to us about when the final approval comes, What's the time frame for getting them in the air carrying passengers? Yeah. So, you know, I think Boeing wants to get those out of out of park status in tow in the customer's hands of serious possible. You know, our calculation of its 10 $12 billion worth of Cash that they could generate pretty quickly. What they've already taken cash into the airplane blowing a sedative. Be two years, Richard. They shouldn't be one year, but we just don't you two deliveries coming in 2021 so This is gonna be a couple of years. It's going to require a little bit of reworked. Not a lot of we worked a lot of software. We work with a limited wiling. He works. I don't think they're reworking the challenge. As much as getting the customers. Ready to take all those airplanes. We were wondering if some of this Ryanair order might come out of that sleep, but definitely from the you know from the press releases Houston today it looks like no, they're not. Reiner has a special version of the Max eight. It's got an extra door that you couldn't even more people in the airplane. And perhaps that's probably more of a modification. That boy must do. But it's gonna be a couple of years, Bones introduced an assassin possible. Delusion. One in three adults in America have pre diabetes, but most don't know it toe. Let people know it can be reversed before it becomes Type two diabetes professional basketball player Julius Randle is doing everything in reverse. I'm.
Seattle-Based Boeing Max Is Cleared to Fly as FAA Lifts Longest U.S. Grounding
"Boeing seven thirty-seven max has been grounded. Worldwide following two deadly crashes. The federal aviation administration on wednesday has approved for boeing's fixes on the airplane to clear the max to return to service. So if you're traveling out there now it's not going to happen right away but just think about in the next in the next year. The long delayed approved to mean that. The max is on track to fly passengers again in the united states. Before the year's end. I don't know if i if i want to be the first guy on that blaine after each plane and pilot meets requirements by the faa laid. Out in recent weeks boeing can resume jet deliveries and production of the renton ren thanh will begin to ramp up though very slowly since the first crash of the max two years ago has discovered the problems that has delayed this movement. Ceo dave calhoun in chicago in a statement says that lives had lost in two tragic accidents lessons. Learned from the max. Crashes have reshaped our company. The faa verdict says. That the jedis safe to fly. At least beginning. Of the end of the boeing crisis. For the max. But yet boeing grapples the logistics of getting more airplanes in the air the details because of the crashes tragedy surface. Over the past twenty months boeing reputation for engineers excellence has been shattered at the faa positions. The world as the arbitrator for for safety has seriously been undermined using flying the seven. Thirty seven max in the air. But they've made some changes they put a stick of gum on it. Put some duct tape over the things that said that the plane was what was it was an ultimate thing where it didn't didn't know how how close it was to the ground. Everything was off and all of a sudden you know planes crashing. So i guess boeing is going to let the seventh or actually the the. Faa's going to let the seven thirty-seven. Max a return to the
FAA enters 'final stages' of Boeing 737 Max review
"Aviation Administration tell Reuters the FAA will lift its 20 Monthlong grounding order on the max as early as November, 18th a week from tomorrow that would meet the expectations. Boeing CEO Dave Calhoun expressed last month that the troubled plane would return to service during the current fiscal fourth quarter were encouraged by the rigorous certification and validation flight conducted by the FAA. Transport Canada and the European Union Aviation Safety Agency. FAA Chief Steve Dixon personally conducted one of those test flights in September here in Seattle, after which he declared he liked what he saw. Dixon now tells Reuters he expects the certification process to be quote finished in the coming days. Corwin hey koe,
Boeing Reports Third-Quarter Results
"Executive, acknowledges his company's lost ground ground to to European European rival rival Airbus. Airbus. Especially Especially in in the the single single aisle aisle market, market, once once dominated dominated by by the the 7 7 37, 37, But But Dave Dave Calhoun Calhoun says says he's he's not not sulking sulking or or conceding conceding and and no, no, I'm I'm not sitting around a second. My phone that were that were disadvantage with respect to our product offering, Calhoun says. There will be a run on new 7 30 seven's When pandemic restrictions eased. The Max is recertified. In the meantime, it could be tough sledding for bowling and its workers. The company just announced third quarter losses of more than $400 million and expects to cut 11,000 more jobs by the end of next year. Analysts think the bowling job losses are mostly going to hit Western Washington couples. Charlie Harder has that part of the story. Aviation analyst Scott Hamilton of the Li Ham company says he doesn't see any good news in this earnings report from Boeing. He thinks most of those 11,000 jobs lost will be local didn't see were born specifically identified where the cuts are coming from. But I'm sure that were coming out of a Boeing commercial airplanes, which, of course, would be principally future sound jobs, Hamilton says the total number will likely be much higher. Because for every Boeing job lost is generally thought 3 to 4 jobs at outside suppliers and vendors get lost as well. Charlie
Deeper job cuts at Boeing as pandemic throttles air travel
"Will simply build less. That's the reality company executives were facing as they announced quarter, their losses and a new round of job cuts. Couples. Corwin Take Widmore It's a reality check two years after the first deadly crash of a 7 37 Max. And after nine months of the pandemic related cratering of air travel, the reality is that our industry as a whole will simply build left over the coming years. That's Boeing President Brad Smith on a day that saw the company reported third quarter loss of $401 million and also announced it will cut 11,000 more jobs by the end of next year. Dave Calhoun is Boeing CEO 19 Continue impacts have had a more prolonged and deeper impact on her industry and will have to further reduce our workforce. Calhoun says. The job cuts will be spread across all business units. Corwin Headache Cuomo New
"dave calhoun" Discussed on KOMO
"With Greg Herschel time. Manda Factor here. The top stories from the Coma 24 7 News Center, State Health Department is reporting 16 more deaths due to covert 19. In 527 new confirmed cases of the virus. Almost Brian Calvert reports. Our governor is putting pressure on our neighbor to mandate safety measures. Idaho has seen a new surgeon covert cases and hospitals just east of Spokane or so full covert victims are being sent to our state and Oregon. We will continue to help them in their hospitals, their losses. They're ours. We sure could use some help. Governor Inslee appears concerned because even though Idaho just step backwards from a phase for to a phase three reopening, there's no mandate to wear masks. They're like there are here but would initially actually consider closing the state line to prevent virus spread into the Spokane area. The interchange between the two states on a daily basis is so profound. Would be very difficult for people in so many different ways. Just yesterday, Oregon Governor Kate Brown expressed concerns with Idaho's lack of safety mandates and extended her state's pandemic state of emergency through the end of January. Brian Calvert. Come Oan you slowing, says it will cut thousands of additional jobs is that releases another devastating quarterly fiscal report this morning to get the details from comas? Corwin hate. Boeing's third quarter earnings report reveals a loss of $401 million Now, CNBC reports, Boeing is set to announce another staff cut. 11,000 jobs by the end of next year. That's in addition to about 16,000 job cuts announced earlier this year. No word yet on where those cuts might come. A statement from Boeing CEO Dave Calhoun says the global pandemic continued to add pressure to our business this quarter, he says the company is aligning to a new reality. That will leave it quote more resilient and more sustainable for the long term. Corwin Hey HQ CO Moh news. Come on. It's time 604, which traffic and weather every 10 minutes on the floors. Here's Kierra, Jordan. Well, we still don't have any big blocking crashes or stalls on our major highways. But North and I five will slow down as you're traveling through to coma City center, some lighter crowding approaching state route 5 16, and in the same story happens again around the sea tech area and then in Seattle, that communal be busy between Michigan and the convention Center. North found 167 will be slow and go from 5 12 into Pacific. Some hesitation approaching to 77th and then a minor slowdown again right at 405, then North found four or five That's now beginning to fill in more around sunset and in the North Puyallup area. We have been seeing this suspicious backup that's traveling North found on Meridian to this area just north of 36 Street East. Nothing reported in the area could possibly be some roadwork That's taking place our next Cuomo traffic up 6 14 are traffic this time is sponsored by Beacon, plumbing, heating and electrical called Beacon today and say $50 on all electrical work. Just call 1 800 freakin dead Stop Freaking call Beacon. Here's the forecast with meteorologist Kristen Clark waking up to a warmer morning cloud cover as we begin the day has kept low temperatures in the forties and fifties, almost a good 5 to.
"dave calhoun" Discussed on KOMO
"The camo Morning news. Good morning. It's 50 to his Tuesday morning. Clear skies a very pleasant start to the day 63 degrees in Seattle, along with Greg Herschel time mad. The factor the hear of the top stories from the coma, 24 7 News said. Washington Attorney General Bob Ferguson is teaming up with Pennsylvania's attorney general in the battle over the post office. They say they're going to file lawsuits regarding changes at the USPS impact A mail in voting and other mail services will be speaking with reporters later this morning. Meanwhile, two of our state congressional representatives will be in Everett this afternoon. Rick Larson and Susan Del Bene will talk with local postal workers. They plan to stress the importance of the jobs they're doing for all Washingtonians. That meeting will be held at 3 30 at the corner of 32nd and Hoyt Avenue. A new round of voluntary layoffs is expected to help Boeing slash its workforce as the pandemic related slow down. Continue. We get the update from Kemal's Corwin Hick Boeing announced in April it would shed 10% of its workforce by year's end. In July after a second straight quarter of historic losses, Chief Executive Dave Calhoun warned Mohr staff will have to be shed the further reductions in our production rates. In the lower demand for commercial services means we'll have further assess the size of our workforce. Now, Bloomberg News reports Boeing will seek to buy out some workers in its commercial plane division. In what the company calls voluntary layoffs. Boeing will unveil buyout details next Monday. If too few eligible workers choose the buyout. Calhoun has said involuntary layoffs are likely. Korwin Hey, HQ co moaning. The effort Assembly line that makes the 7 87 Dreamliner could become a pandemic casualty. Last month CEO Day of Calhoun hinted at a consolidation of the Everitt and Charleston, South Carolina lines. We will prove Most efficient way to produce the 787 to include the studying a feasibility of consolidating our 7 87 production into one location. Everett Herald notes that the Charleston facility offers lower production costs. It's the only line equipped to build the stretch version of 7 87 10 1, Boeing executive tells The Herald of decision on the Everett line is likely months away. Seattle police are investigating a deadly shooting just south.
"dave calhoun" Discussed on KOMO
"75 sunny and 70 for now, in downtown Seattle. Come on news time. 12 36 more hard decisions lie ahead for Boeing. As the Koven 19 pandemic forces. Further production cuts his Corwin Haig has more meowing is announcing further cuts in commercial airplane production. As the airline industry slump continues. The reason uptick in coded cases has slowed its recovery. That's chief executive Dave Calhoun talkingabout the canceled orders and lack of new orders that have led to second quarter earnings 25% below this time last year. More hard decisions are likely ahead of us. As we try to limit the impact on our people as much as we possibly can. Calhoun announced last quarter the company would reduce its workforce by 10% this year. Now he's saying Boeing will have to further assess staffing needs. It doesn't help that the company says it will further cut production of the ever built Triple seven and 787 and Renton will also slow its ramp up. Of the 7 37 line. Corwin Hey HQ co Moh news health crisis is dealing another blow to Seattle's cruise industry in the port of Seattle is canceling plans to build a new cruise ship facility, a terminal 46 downtown. This after taking a look at the shorten long term effects of Cove in 19 Report says Instead will focus on making the current facility ST for passengers and crew during the 2021 cruise season. There's a new warning about the dangers of indoor spaces and Koven 19 Como's Keith Aldrin says tomorrow. A new 10 PM curfew takes effect on alcohol service Along with restrictions on indoor seating Jenna Decker manages the body like tavern with new mandates from the governor's starting Thursday..
Troubles abound, Boeing losses bloom to $2.4 billion in 2Q
"Boeing announces further Cuts in commercial airplane production Is the financial losses mount that story now from comas? Corwin HATE. The aerospace giant Second quarter earnings report released this morning details nearly $3 billion in losses nearly $5 per share. Second quarter revenues of $11.8 billion represented 25% decline compared to this time last year. Similar losses for the first fiscal quarter prompted Chief Executive Dave Calhoun to announce earlier this year. We have decided to reduce the production rates of several of our commercial airplane programs now, the company says. Even further production cuts are needed in the ever built 787 and triple Seven programmes and production of the rent and built 7 37 will ramp up mortgage gradually than expected to 31 per month by the beginning of 2022. That's only about half the number of Boeing was expecting to build before the pandemic
Behind the Curtain With Aerospace CEOs: Dave Calhoun
"Tron. Let's start with you because you sat down with me with the new CEO of Boeing. Dave Calhoun What was your impression? And what was your takeaway from that talk? I thought that Calhoun was very forthcoming didn't didn't dodge any of the questions we had, and he gave a Franken forthright answers and pointed to. Pointed to. showed his awareness that that Boeing has some significant challenges that that need that. They need to overcome and those go beyond the challenges that the entire industry is facing in terms of the novel coronavirus pandemic, focusing on the Max specifically, which has been the topic. I have been most interested in the last year plus he called out to very specific areas that are one could argue or systemic. He focused on the need to to Reim- power I. Guess You could say Boeing's engineering function to make sure that the products they design and develop. Our first and foremost passing muster at the engineering level in that extends into system safety assessments, and the things that the Max is focused on and the other one is the pilot interface recognized very clearly that Boeing. Boeing absolutely missed it when it came to determining what pilots would do in certain situations again. The folks that know them. The Max accident histories know this all, too. Too well and he made, he said. We need to make certain that we that that never happens again and he. You know as our interview shows. He quoted and said that you know that's one thing. We don't think we're ever going to miss again. So those are two things that he pointed out voluntarily that he recognized really need to change. The I thought it was extremely forthcoming. One of my takeaways from the interview was that he said he's going to prioritize selling new airplanes that airlines need to park their older airplanes, and if that hurts their aftermarket business, so be it. That was certainly stood out to from a company that for you know? A couple of years have been hammering away about trying to get fifty billion dollars in an aftermarket revenues which are nowhere near, but certainly signaled a at least a little bit of a shift in priorities now. I think it's a recognition that Boeing is going to succeed by building the best possible airplanes that it can build on. No matter their role many on the air transport side it clearly recognized the long tail benefits of having a strong aftermarket business, and they're not going to get out of that aftermarket business, but you're absolutely right. The the fifty billion dollars in revenue for the Global Services Group driven primarily by commercial aviation is now a a little less important and making sure the products they get out the door are. Are Right when they get out the door. We've been so focused on the Max. It's easy to forget their last major new program. Seven eight seven also ran into a situation where it was grounded. No fatal accidents thank goodness, but really fundamental shortcomings in the developing a product, so calhoun recognizes that we need to get the products built right first, and then we'll worry about services and insularity income
"dave calhoun" Discussed on KOMO
"Week the cratering of air travel due to a coronavirus has dealt a serious blow to an already battered company Boeing chief Dave Calhoun announced last month layoffs were inevitable time we're taking action to reduce our workforce by approximately ten percent my end of this year sixteen percent in the commercial airplane division John Holden president of the machinists union tells The Seattle Times Boeing recently offered a voluntary layoff package and about twelve hundred members accepted now Calhoun says Boeing will this week notify six thousand seven hundred seventy U. S. workers they are being laid off no word how many of those are in the Puget Sound area more layoffs are yet to be announced to reach the ten percent mark Corwin hate komo news Seattle's Cinerama theater will feel the impact of corona virus pandemic for sometime to come come as bill o'neil with our stories in aroma owner Vulcan will shut down its arts and entertainment division as well as its filmmaking arm by the end of the year meanwhile renovation efforts that's an aroma have stopped and the theater will remain closed for the foreseeable future two other Vulcan museums the living computers museum labs as well as the flying heritage and combat armor museum's will also remain closed as a result of the pandemic Seattle art fair already canceled for this year will take some time to see how the situation evolves before making any future plans W. com owners well some students might not be too excited about this but registration is now open in Seattle to sign up for summer school Kumble's Carly Johnson reports the district is up in the month long remote learning program to all students district superintendent Denise Juneau says remote learning has been a bit of a challenge for some students it took several weeks to get laptops to students who didn't have a computer at home this pandemic has really showed the inequities in our system and that starts with access to devices access to internet you know says many families and teachers have expressed concerns that students are going to be far behind come September if they don't catch up a bit over the summer and what learning looks like for the next school year you don't know when it's going to look like yes but we continue do our research around the globe some countries that are going back to school what's happening there what are other states doing summer programs very in other districts in Bellevue they're doing it by invitation only for struggling students and the Tacoma school district says it will announce summer school programming in June Carlene Johnson come on news well the year twenty twenty is proven to be deadly for motorcyclists in Washington twenty four writers have now died with traffic being much higher than later than normal at the state patrol has been stopping car is going over a hundred miles an hour and Derek wing with Seattle based pemco insurance has some advice I wasn't sure his perspective from a safety perspective I think the number one thing is just slow down number two just follow the rules of the road and number three he aware of other vehicles around you wing says that goes for all drivers not just motorcyclists according to the state patrol most of the deaths are preventable trooper save even minor motorcycle crashes can have major consequences and there is a worldwide movement now to get everyone to wear a mask the group behind it masks for all once our state to join inductor Jimmy Howard one of the one hundred world's leading medical and scientific experts who signed a letter to all fifty governors in the nation asking them to require masks for all we know that in states that don't have that requirement most people don't wear masks and if most people don't wear masks then it's very likely going to see a second outbreak and that's gonna lead to more deaths and more lockdowns so far Washington has no mask requirement but there are local mask directives in king and county as well as Seattle that people should be wearing cloth masks it but not wearing one carries no legal penalty that brings us to nearly three ten if and when training camp opens the Seattle Seahawks offensive line will have some catching up to do and come those bills towards explains from the Harley exterior sports desk this offseason wrecked the Seahawks cut starters Justin Britt and DJ Fluker to save a ton of money they brought in multiple free agent sent a couple rookies now because the V. mac in Renton is shut down due to cover nineteen guidelines veteran Pro Bowl left tackle Duane brown has to get to know all these new teammates via text and Skype you know it still takes a little bit of time just to get that going and and and OTA's and minicamp I love that are essential so you know it will make you happy Seahawks cornerback Gino Smith spotted in Florida throwing the football to Antonio brown he's a much trouble but dynamic receiver who doesn't have a team right now the national women's soccer league which includes Tacoma's L. rain is training in Thurston county because they can't do so in Pierce county and they will be part of a twenty five game tournament starting June twenty seventh in Utah the nineteenth will play for preliminary games to determine seeding and NWSL is creating a safe village for the player ears fifteen minutes away on komo news no summer league baseball in the Pacific Northwest how would naturally fans are supporting the apple socks sports updates at ten forty after the hour bill Schwartz komo news the Miami Dolphins have a new use for.
Boeing is laying off more than 6,000 employees — will those in the Seattle-area be affected?
"Boeing has made it official more than six thousand of its U. S. workers are getting layoff notices this week the update from couples Corwin Hank Boeing chief executive Dave Calhoun made this prediction during last month's quarterly revenue call we will be a smaller company for a while he told investors the company would shed to ten percent of its workforce overall and fifteen percent in commercial planes now in a statement Calhoun rights we're notifying the first six thousand seven hundred seventy of our U. S. team members this week that they will be affected it's unclear how many total local workers will be laid off fifteen percent of the Puget Sound area work force would be a little over four thousand workers ever employees are most likely to be affected due to already announced cutbacks in the seven eight seven and triple seven programs
Boeing to lay off almost 7,000 workers this week
"Nearly sixty eight hundred Boeing workers nationwide getting laid off and that's just for starters last month chief executive Dave Calhoun said the company would respond to the coronavirus downturn by laying off fifteen percent of its commercial airplane workers now we says in a statement the first six thousand seven hundred seventy U. S. team members are getting layoff notices this week he adds quote I wish there were some other
Boeing to Start Voluntary Layoffs, Will Shed an Initial 2,500 Workers
"Boeing chief executive Dave Calhoun made this prediction during last month's quarterly revenue call we will be a smaller company for awhile because of an expected sharp downturn in airplane orders over the next several years he told investors the company would shed ten percent of its workforce overall and more than fifteen percent across commercial airplanes machinists union president John Holden tells The Seattle Times about twelve hundred workers already have accepted a voluntary layoff package now comes the tough part around nine thousand local workers are expected to receive involuntary layoff notices beginning as early as today the layoffs likely will affect Everitt workers the most due to already announced cutbacks in the seven eight seven and triple seven
Contact tracing, temperature checks and masks: airline industry outlines new norms
"Now to the high anxiety in the airline industry and the devastating prediction today. From the CEO of Boeing Tom Costello calling the threat to the airline industry. Grave the prediction from Boeing. Co Two savannah. Guthrie today sent shockwaves through Wall Street and airline offices. You think there might be a major. Us carrier that just has to go out of business. Well it's I don't WanNa get a t to predictive on that subject but yes most likely you know something will happen. When September comes around Dave Calhoun did not say which airlines are most at risk but with few exceptions every airline is flying less than ten percent full on September thirtieth. The federal government's Bailout. Money comes to an end. Airlines are already warning that as many as one hundred thousand employees could be laid off if passengers don't return in large numbers. You don't know who has what how clean things have been at least on the plane. Flying in a covert and post covert world expect airline and airport facemask requirements six feet of separation while lining up airport health screenings. A new scanner checks for elevated body temperatures at Paine field in Washington state. Now three hundred forty-six airports nationwide are calling on the TSA to check every passengers temperature at security the TSA so far not embracing the idea. We have to make certain that those who choose to travel by air make it through the airport and feel as though they are as safe as they were if they were in their own home. When we'll airline travel get back to normal Boeing again with a sobering assessment. It might take us three five years to get there. Meanwhile Delta United American Airlines are requiring passengers to wear masks board that can be denied boarding if they don't but wants to play leaves the gate flight attendants will ask not forced passengers to comply
Seattle-based Boeing plans 10% job reduction and jet production cutbacks after reporting loss
"Today Boeing announced that they will be cutting down their workforce by about ten to fifteen percent in the next month as production at the plants in in Renton and Everett and are all around the country are to far slower pace than the normal Boeing CEO Dave Calhoun gave the news during its quarterly earnings announcement for the company Boeing's earnings dropped by twenty six percent during the last quarter Calhoun claimed at the drop in earnings is due to a reduction in aircraft demand over the last several months the sharp reduction in demand for airplanes that we see out over the next several years won't support the size of the workforce we have today at this time we're taking action to reduce our workforce by approximately ten percent of our roughly a hundred and sixty thousand employees by end of this year through the combination of voluntary layoffs attrition and involuntary layoffs as necessary over seventy thousand Washingtonians are currently employed with Boeing and it's expected that as many as ten thousand of them could be let go Calhoun made the point that Boeing will have to downsize the entire operation in order to make up for the company's decline we will be a smaller company for a while we work hard to maintain the stability of our workforce avoiding Laos even though even through the suspension of mass production doubling the length of time we pay employees impacted by the cold induced shutdown of Puget Sound Charleston and other sites the company began offering voluntary layoff packages last week foreshadowing the big cuts that are going to be taken now Boeing officials are predicting that airline passengers will decline by as much as forty percent by the time twenty twenty is over one area of production that will take a particular hit over the next few years is Boeing seven eighty seven Dreamliner used primarily for international travel a production of the seven eighty seven will reduce from fourteen planes each month to ten planes each month for the next year and then down to seven planes per month in twenty twenty two years CEO Dave Calhoun on why a demand for the eight seven is is pretty strong our issue is in our assumptions and and we think we're right is that the international route structures are going to come back much slower than the domestic ones and as a result the eight seven suffers for that so production of all jets will be dropping including the seven seventy seven the seven seventy seven acts which will drop from five planes a month to three and then of course the big question how will the infamous seven thirty seven Max fair with the cutbacks a seven thirty seven Max jets of course have been grounded for over a year now and until the corona virus pandemic Boeing had continued manufacturing those planes Dave Calhoun claimed that the company hopes to slowly begin building the seven thirty seven Max again and gradually increasing until they are building thirty one of them each month before the jets were grounded in March twentieth nineteen Boeing was consistently producing forty two seven thirty seven Max's each month which they hope to reach again as the FAA gives them the go ahead to bring the jets back to service this all adds to the struggles the company's been facing for the entire year after those two seven thirty seven Max jets crashed leading to a loss of over six hundred and forty million dollars over the last year that's not to mention the companies facing criminal and civil investigations along with tons of lawsuits from family members who who died in those two
"dave calhoun" Discussed on KOMO
"Home I'm asking you my fellow Washingtonians to join me in a new challenge the Washington mass challenge by wearing making and donating cloth masks the Washington mascot challenge aimed at coordinating cloth mask donations from the public for essential workers in nursing homes shelters and food banks across the state Boeing says it will reduce its commercial airplane work force by fifteen percent as it struggles to overcome today's disastrous first quarter earnings report that report shows a twenty six percent revenue drop off from a year ago and losses of six hundred forty one million dollars sure production demand for airplanes that we see out over the next several years won't support the size of the workforce we have today chief executive Dave Calhoun says job reductions will come through voluntary and involuntary layoffs the company will also cut production of its average build triple seven and seven eighty seven models at the same time Calhoun says Boeing expects to soon resume production of the Renton built seven thirty seven Max meantime analysts say that there will be a lot of pain it will take you as for Boeing to recover from this downturn income was Charlie hawk or has that part of the story the number of layoffs in western Washington is likely close to ten thousand but as he Asian analyst Scott Hamilton I believe him company reminds us that's just the amount of layoffs at Boeing itself for every one direct job a phone in here in Washington state there are three or four indirect jobs meaning tens of thousands of jobs around here or on the line we are we are we at the bottom you oh no Hamilton points to customers like Southwest Airlines which expects to have its planes at five percent of capacity next month perhaps ten percent in June the start of what's usually the busy summer travel season Charlie Parker home o'neill's still ahead when Ryan Harris with the call for money for rural schools and other services from northwest representatives on both sides.
"dave calhoun" Discussed on WSB-AM
"Boeing CEO says air travel recovery could actually take two to three years that would that's Boeing CEO Dave Calhoun he says could be a few years for air travel to recover a Boeing they said specifically was doubly challenged due to the grounding of the seven thirty seven and the pandemic the cancellations are piling up but they said and what their rivals are also affected so obviously this is an industry wide thing I really hope that it doesn't take like two some odd years from Illinois governor Pritzker says Illinois students and teachers should prepare for E. learning in the fall this is during yesterday's daily Wuhan coronavirus press briefing Pritzker said that he wasn't sure if Illinois students and teachers could use E. learning or physically president classrooms next year he said I would prepare for both because it is still unclear not to I mean I I'm not a fan of hers but just you know that's also what a lot of other governors are saying including Texas governor Greg Abbott we just don't know we're taking it week by week so just roll with it we gotta roll with that also this is an interesting story and I don't like excuse but it's a bit interesting string in the last ninety six percent of nearly three thousand three hundred and meets with corona virus symptoms according to one study if four of the state prison system systems they were a symptomatic ninety six percent of over three thousand inmates were a symptomatic these were prison systems that were studied in Arkansas North Carolina Ohio and Virginia and they all tested positive for the corona virus but according to Reuters they did not show symptoms supers noteworthy especially when you consider how health officials are prioritizing testing and surveillance for people who are at least visibly symptomatic so they said that they think that they have a severe undercount of cases this continues to go along with that theory that it's actually more widespread than thought previously which means the brutality rate to be significantly lower stay with us quick five is brought to you by cal tech innovation quality performance cars.
Boeing CEO says air travel recovery could take two to three years
"Looking live in efforts Boeing plant tonight CEO Dave Calhoun is warning it could be two or three years for the aerospace industry to return to pre pandemic levels the drop in travelers forced airlines to park twenty eight hundred jets and reconsider plans to buy new planes Kallen spoke at a virtual shareholders meeting today we could get more details on the company's plan to address production and the potential impact on jobs on Wednesday that's when Boeing releases first quarter
Airline stocks rise amid coronavirus chaos
"Up sixty and a half percent hello Dave Calhoun told ABC the playmaker will find its way quoted the other side of its business and financial issues Calhoun said the company has a quick easy and is paying suppliers but that bad game is certainly in line with what we're seeing with the airlines delta up almost nineteen percent the carrier said late yesterday that's consolidating operations at some larger airports you look at delta security see American up seventeen and a half percent you see southwest up about thirteen percent you see United higher by more than twenty percent even as the the Wall Street journal report that U. S. airlines are directed plans for potential shut down of virtually all passenger flights
"dave calhoun" Discussed on AP News
"Dave Calhoun was very much looking forward to the start of the baseball season aside from his love of the game for the last 7 years she's worked as an usher at angel stadium I walk up to the place and it kind of spread my arms ago this is my office you know I got a lot of square footage here I got the biggest office in the world but the best thing about the job he says I get to watch Mike trout play every day hopefully and it's a pleasure but an unsettling health crisis is put the season on hold affecting Calhoun and thousands like him the obvious would be a potential income the other is of the camaraderie and get back together with the people you know the people you work with for 6 months of the year if and when the games resume Calhoun will be back in his familiar spot section 331 behind home plate mark Myers Anaheim
A stadium usher can't wait to get back to work.
"Dave Calhoun was very much looking forward to the start of the baseball season aside from his love of the game for the last seven years she's worked as an usher at angel stadium I walk up to the place and it kind of spread my arms ago this is my office you know I got a lot of square footage here I got the biggest office in the world but the best thing about the job he says I get to watch Mike trout play every day hopefully and it's a pleasure but an unsettling health crisis is put the season on hold affecting Calhoun and thousands like him the obvious would be a potential income the other is of the camaraderie and get back together with the people you know the people you work with for six months of the year if and when the games resume Calhoun will be back in his familiar spot section three thirty one behind home plate mark Myers Anaheim
"dave calhoun" Discussed on AP News
"Former U. N. ambassador Nikki Haley has resigned from the board of Boeing company over a possible bail out of the airline manufacturing giants because of the corona virus outbreak he we tendered her resignation in a letter to Boeing CEO Dave Calhoun and board chairman Larry Kellner dated March 16 this week Boeing said it was seeking $60000000000 in federal aid for itself and its supply chain as governor of South Carolina Haley opposed attempts by unions to represent workers at Boeing's north Charleston plant hi Mike Rossio
"dave calhoun" Discussed on KGO 810
"One of ours alone the whole time that would be a while it's bad enough meanwhile you saw that bunch of flights by the way worldwide are being interrupted by this corona virus so you can't we can't to stores in the sky with at least acknowledge out without acknowledging yeah that for example and in the UAE United Arab Emirates apparently that's one of the most critical aviation hubs I wasn't really aware of that I didn't realize you E. was so critical I didn't either but they say they're gonna suspend all travel to and from Iran because authorities there say that the death toll is now fifteen and in Iran an opposition lawmaker there and the deputy health minister both tested positive for the virus while now show there but all kinds of as I say travel restrictions and as a result yeah the numbers in Italy keep going up to yeah they had a hundred and fifty yesterday I don't know what it is today but United Airlines has sent a notice to its flight attendants regarding the Dreamliner that's the big plane the Boeing seven eighty seven Dreamliner and their windows are yeah this is cool I had no idea this technology existed until reading this article the staff has been reminded her not centrally locked the electronically dimmable windows mmhm E. D. W. is what they're called that right okay yeah the W. man everything's an acronym mmhm the Chicago that would be technically an abbreviation of surgery at a redistricting goal based carrier wants its passengers to be able to allow as much light in as that you want now what the flight attendants want so they don't want the flight attendants to centrally decide how much life should be in the cabin that should be an individual passenger provocative that is so cool so as as a passenger you get a window seat and you press a button and you can damage to how ever did you want to see it it's pretty cool I've been on a couple of leads and how dare to go yeah I would I didn't know it took kind of to your point is I didn't know they could be centrally done like that that makes total sense that they could right but but I didn't realize that you know they can press a button up there and all of the windows go damn yeah now it makes sense for safety purposes because when passenger jets are taking off or landing they like the passengers to have a view outside did just to get you know get used to not only the light but if there's an emergency today to set out to assess what side of the plane is safe too oh wait I didn't know that yeah that's that's really interesting the Boeing CEO Dave Calhoun yeah I mean let's face it being the Boeing CEO is not a great gig right now you've got a my you got a plan that many say which is not airworthy right in the M. in those Max jets yeah but he if he can turn the company around and they have a lot of issues his compensation package is substantial I mean it's even more than those barred people are getting in over late Monday Boeing spelled out the details of a seven million dollar bonus back Calhoun could receive in addition to his regular salary right seven million dollars more seven million dollars more if he's able to get the seven three seven Max safely back in the air now how does that make you feel as a passenger right I mean well honestly Brett's making a great point he's incentivized in essence to say Hey everything's great let's get those funds back send me my check my mom wants a new place at Lake Tahoe I need to get I need to get the down payment going but by the same token you hope that it makes sense that you would compensate an executive based on certain incentive programs built in but it is weird when you see it sort of nakedly out there like that yeah I mean I don't know yet should you incentivize the the safety of passengers no of course of course but I mean you know they incentivize profits are concerts and that's what they do I mean you got it you know it's not like well the companies you know the company is in the in the red but the couple have employees are so happy that's not what we're paying you for we're paying you for to increase the bottom line that's why you know executives come in a day and a slash in and make the changes they have to but it's I just wanna quickly said that's not the only issue on his plate you know they have to get this triple seven acts to fly and deliveries of that jet you know Boeing is a huge I should mention whenever we talk about Boeing defense contractor so we talk about passenger jets in relation to Boeing but they sell tremendous amounts in defense related weaponry and other hardware Boeing has is close to a joint venture with Embraer and they have to hit certain targets in that joint venture so he's got a lot of things in his compensation package but the big one is to get those seven thirty seven Max is back up in the air and it'll get that to seven million dollars yeah I mean just to look when you're talking about the size of Boeing and and how prominent it is as a company it represents about one percent of the GDP go there you go yeah very well put I know we're late I know all right because the next on KGO Johnson show on KGO eight ten.
"dave calhoun" Discussed on Newsradio 1200 WOAI
"Money in the world of business at Cory's live at the Bloomberg news desk big losses on Wall Street yesterday charity the Dow down more than a thousand points but some investors see buying opportunities today Dow futures up one fourteen S. and P. futures are up fourteen points in stock to monitor down ten year treasury yield is one point three six percent oil is up seven cents fifty one forty nine a barrel Boeing's CEO Dave Calhoun can get a seven million dollar bonus but several things have to happen for example the seven thirty seven Max has to return to service but we must achieve the first human flight of the starliner spacecraft and it has to fix problems with the KC forty six tanker among other things looks like Walmart is taken on CBS and Amazon with low price health clinics at setting up the retailer hasn't said how many it's going to build but it looks like these health centers or one of its top initiatives right now the Dow futures up one hundred and fourteen points live with the Bloomberg business report I made Korea news radio twelve hundred W. O. eight I think said for more news listen to the daily dive the big news stories explained it not shouted listen to the daily dive each day on the I heart radio app or wherever you get your favorite podcasts now traffic and weather together from the W. away I traffic center very good news cleared that website accident eastbound one fifty one of four tents where it's going but now traffic's gonna recover had the exit ramp ATA huddling close for quite some time so its move and it's just moving slow.
"dave calhoun" Discussed on 90.3 KAZU
"This is market place I'm car result Boeing's new CEO Dave Calhoun has been on the job nine days now and he picked today to start changing perceptions of the company and its most infamous product the seven thirty seven Max of course marketplace dexter has been on the Boeing B. for say Jack okay so what Mr Calhoun absent well as you say this was sort of a a a a signaling of a change of god if you like he seemed to be saying that look we're going to be more open going forwards is gonna be more communication coming from Boeing so he spoke first to employees and then he exited a media press school as well and talks a lot about obviously the seven thirty seven Max and how that plane will eventually get back into service yesterday Boeing released a statement with an estimate for that return to service of made twenty twenty I'm a way out and also interesting that they put a firm date on its until now it's always been like you know the end of the month the end of the year it's coming will get that could help me out here right because the FAA has been pretty insistent that they're the ones are going to decide and yet here's Boeing now saying in mid summer yes but again Calhoun in perhaps a departure from his predecessor Douglas Adams mon bug and was quite clear that that decision was the hand of the global aviation safety regulators but they said in the same way that they wanted to put a date on that because it helps everybody to get prepared and and get organized at least to kind of have an idea of when it's going to happen those who have to be organized are of course airlines which are now still say and we're we're not to be able to use this plan also yeah because at lines like certainty in their schedules this is always the things so you know until they know for a fact that that plane as flyable they will not put it back in their schedules so when it answering you know another busy some of it in a few months time and this will be the second summer period that they haven't had the Max because it was grounded last March so at that that's a big deal for the outlines the flight in the U. S. that's American United and southwest United came out yesterday saying that it was going to ask you earlier today saying I was going to remove it from its schedules right the way through the summer and you know they just a bed the hoping that what they see is this more realistic time line will actually pay off okay so if mid summer means say July that six months from now they've said that's when they're going to start and here's my favorite buzz word of the week on grounding this airplane it's not like July comes and they you know of fire to generate on this planet goes right on grounding will take a while it'll take awhile because these planes have been popped up but they they need maintenance they need checking it they'll need some fixes based on what the final fix for this app Croft is before they're even put back into service now Boeing is also stop the production line although it the it's saying that it might actually stop that back up even before the plane is certified to fly just to try and get things rolling again and and get this thing back in yeah and there is of course the issue of the following companies which is why this is such a big deal for the American economy and could cost you people once there's that Fuhrman in Kansas city the makes fuselage spirit that has laid off two thousand people I mean this is a systemic effect the supply chain of growing has is just enormous that stretches across this country and across the world and yeah the implications full of those people are now beginning to be felt Jack Stewart on the Boeing store today thanks Jack thank you more aviation news tomorrow of course American and southwest report earnings before the bell each of which have been hit hard by the seven thirty cemex groundings Jack was saying they run got show and the gang will have all of that on the marketplace morning report tomorrow I saw this on Bloomberg the other day that Venezuela has less.
"dave calhoun" Discussed on KIRO Radio 97.3 FM
"Made his way into court this morning appearing to limp while someone behind him carry the Walker he's used at previous court appearances after back surgery is accused of raping a woman in New York City hotel room in twenty thirteen and sexually assaulting a different woman in two thousand six one scene insists any sexual encounters were consensual Boeing CEO Dave Calhoun says the company expects to resume production of the seven thirty seven MAX jet months before its forecast mid year return to service the Dow slipped nine points this is CBS news CBS news radio is your home for breaking news with our team of reporters around the country and the world we give you the coverage you can trust the latest on local folks who may have been exposed to a deadly virus that originated in China details coming up but first however we DO real time traffic is Tracy Taylor we are so close to triple digits trying to get home tonight guys grab some snacks you're gonna need em or if you can't work a little late wait for everything to kind of fizzle out rains made a difference on the drive south and five nine hundred thirty six thank you for the text message at nine eight nine seven three same traits there's a stall it's taking up the right lane I get a pretty good line of a trying to get in and out of the area and now the south and five drive is rough and that's a leaving Seattle I'm not kidding when I say it goes from just after the Michigan curve all the way to a midway and that's from that really are still there one eighty eight making that real time I travel time from Seattle to federal way at seventy five minutes Seattle Everett one hundred minutes it is backed up on north money five starting at the Michigan curve it goes all the way to a hundred and sixty fourth I don't see anything in the way of relief there back up the north central five into Kirkland was founded ninety it flows at the lead at five twenty from four oh five east found nineties locked up between I five and heading out to build the away and the valley freeways bumper to bumper from just.
"dave calhoun" Discussed on KIRO Radio 97.3 FM
"Again Boeing CEO Dave Calhoun on the seven thirty seven Max still grounded after two deadly crashes and not expected to be cleared by the FAA to fly again until may twenty twenty Calhoun brushed off suggestions at the Max would need to be renamed to re branded to reassure the public hearing straight out change with a new name would be sort of silly insisting that the certification process this time it will have been the most thorough process I've ever been through we are going to have to make sure that the world understands that at that's on us knowing in the F. A. A. have been accused of rushing the original certification process for the Max and putting profits over safety the same company that allowed thousands of Atlantic salmon to escape into Puget Sound has just been granted a five year permit to farm steel head in Puget Sound on non native Atlantic salmon compete and threaten local fish CL times reports cook aquaculture was granted the permit only after it agreed to farm native still had western Washington health officials are reaching out to at least sixteen people who had close contact with the stylish county man who became ill with corona virus after visiting China as for the patient here's to last properly fears and won't distract Dr J. cook with Providence Medical Center in Everett he says the man is recovering and should be able to go home soon opening arguments from house Democrats got under way today in the Senate impeachment trial the here you you here today kicking off up to twenty four hours of arguments to be spread over three successive days Democrat Adam Schiff said the Senate must remove Mr trump from office before voters have their say the president's misconduct cannot be decided at the ballot box for we cannot be assured that the vote will be fairly one earlier before departing Davos Switzerland where he attended the World Economic Forum the presidents of the Democrats have no case there is nothing here Stephen Portnoy's CBS news the White House he was part of the renowned comedy troupe Monty Python spam sausage and spam very Jones appeared in the Monty Python TV show in the seventies and in films like Monty Python and the holy grail and the life of Brian Jones has died at the age of seventy seven let's go to Cairo radio real time traffic history see dealer that.
"dave calhoun" Discussed on KOMO
"Not perform elective procedures require plaid we've never done that we have never in our history down that one in six Americans will need blood in their lifetime and you just never know when that time will come so this is why Bailey says it's so important to give now bowling hosted earnings call with investors later this month almost Charlie harder tells us analysts expect some huge losses in Max's being grounded for more than ten months and eats truly unclear when it will be recertified as it stood in July the company had losses of over five billion dollars bank of America analyst say it's possible the company could be down twenty billion before the plane is cleared to fly again CNBC reporter Lesley Joseph says Boeing may release the news before is required to at the end of the month looking for and some of the report and maybe even before earnings on the twenty ninth this will be the first earnings report under new CEO Dave Calhoun stock was down more than two percent in Friday trading Charlie harder colonial laws you problems been discovered with Boeing seven thirty seven MAX jets they could keep the planes grounded even longer sources tell ABC news there's now an issue with the flight computer software when the computers are turned on they aren't communicating as they should this is a separate problem from the flight control system that caused two deadly crashes one was six all of the computer problems before the first test flights can be scheduled all next jets of already been grounded for ten months a representative MacShane who's accused as mastic terrorism spoke to a crowd of supporters in Olympia.
"dave calhoun" Discussed on KOMO
"Not perform the lack of procedures that require blind we've never done that we've never history down that one in six Americans will need blood in their lifetime and you just never know when that time will come so this is why Bailey says it's so important to give now Boeing posted earnings call with investors later this month couples Charlie harder tells us analysts expect some huge losses in Max's being grounded for more than ten months and it's truly unclear when it will be recertified as it stood in July the company had losses of over five billion dollars make America and say it's possible the company could be down twenty billion before the plane is cleared to fly again CNBC reporter Lesley Joseph says Boeing may release the news before is required to at the end of the month looking for and someone has to be reported maybe even before earnings on the twenty ninth this will be the first earnings report under new CEO Dave Calhoun stock was down more than two percent in Friday trading Charlie harder come on in new problems been discovered with Boeing seven thirty seven MAX jets that could keep the planes grounded even longer sources tell ABC news there's now an issue with the flight computer software when the computers are turned on they aren't communicating as they should this is a separate problem from the flight control system that caused two deadly crashes mon must fix all of the computer problems before the first test flights can be scheduled all next jets of already been grounded for ten months a representative match J. who's accused of domestic terrorism spoke to a crowd of supporters in Olympia.