35 Burst results for "Dennis Muilenburg"
Lennar Stock Jumps as Pivot to Low-Price Homes Pays Off and Boeing Stock Loses More Support Over the 737 MAX
"Got two very different announcements from the same company. We have a group of economists to consider. But we're going to start today with housing Lanar the number two homebuilder in the US reported fourth-quarter results profit and revenue both came in higher-than-expected Lanar also bumped up their guidance for the number of homes. It expects to deliver in two thousand twenty. This is a really good way to end the fiscal year. It's a boomer of story. They we're supposed to turn they. They were supposed to report expected report about six point. Five billion in revenue and they came in at about seven billion which. That's a lot more. I mean for housing. That's a pretty predictable industry so for them to come in that much higher some of it has to do with the fact that you know interest rates have remained remained so low and people are the housing market has done really well but lenore made a great choice a couple years ago. And it's a really interesting study study in you know in in corporate governance where they kind of leaned into the trend of people renting instead of buying. You know what we're going to go back into low priced and we used to call starter homes. We're going to make that a core of our business and not too many other homebuilders. I did that. And it's paying off in a huge way so shares of Lenora up about three percent this morning. You you look at this strong quarter bumping up the guidance for for twenty twenty I felt like the stock should have been up a little bit more but it had a pretty good run over the past twelve months. It's had an okay run. I mean it's trading get a pe of less than ten even after the run-up and one thing that is definitely true about homebuilders is that sometimes low peas are or not necessarily a signpost that the that the stock is undervalued because because it's such a cyclical industry. And I don't know I. I don't know that people still trust that. Interest rates are going to remain. Low inflation is going to remain. Jack I think people are still a little oh bit shell shocked from what happened a decade ago in this industry. But it's a well run company. I'm and and we In other areas have you know have have looked at this trend of low cost housing and low priced housing stock as well we. We've recommended a company called legacy housing which is very similar. You know has a very similar strategy. So yeah it was a great quarter and the companies You know the company's running on all cylinders but it yet but you're right. The stock didn't seem mm to react in a way that you might expect Boeing shares down a bit this morning in the wake of the crash of Ukraine International Airlines flight. Seven fifty two minutes after taking off in Tehran. The seven thirty seven crash killing all one hundred seventy six people on board of the terrible tragedy the from the business standpoint of a new crisis. Well she's GonNa say you know. This is not a seven thirty seven Max. Because they're all grounded. This is an older model. The seven thirty thirty seven eight hundred but to your point this is yet another thing for For Boeing to respond to. Yeah so the grounding of the seven thirty-seven Max and how Boeing handled that entire situation As cost them about nine billion dollars in revenue so far they were selling about one point. Five a billion dollars in the 737 Max per month and it costs Dennis Muilenburg the former. CEO His job. The seven thirty seven eight hundred is a different beast. According to air safe which is an organization that tracks airline safety you know. So it's very well named organization seven thirty seven eight hundred among the world's safest planes So we don't know as we're recording this what has happened with the flight The Iranian government came out immediately and said that it was an engine. Malfunction The Ukrainian embassy in Tehran came out very quickly. Cleon said that it was not terrorism and then they pulled that report the Ukrainians The governments of France Germany and Netherlands or have have restricted their planes from flying in Iranian airspace as a result the crash. So we don't know it's it's it's it's you know obviously Veasley. My first thought goes out to those affected. Because you know anytime you see something like this. It's it's gut wrenching but there are you know there are implications for for you. Know for for Boeing as well and they're neat new. CEO's going to you know is going to have to address it. When you look at Boeing Stock Doc which is close to a two year low? I don't know there's I feel like they're still so many questions that it's not even something I wanna want to put on my watch list. Even though I completely understand that a reasonable outcome for this business and therefore for this stock is that twenty twenty years the year all of these issues get resolved The the Max's get back online order star bumping up and in the next five years. This is a stock. That's up fifty to seventy. I hope it doesn't sound too cra- crass to say that passenger deaths are apart of the business of making airliners. I mean that's just airplanes. Do something that is bending the laws of physics and occasionally physics wins But given what happened with seven thirty seven Max. They have billions of dollars in potential liability in suits from you know from from from passengers because it does seem like and I'm not making a legal judgment here that there's a case to be made that there was malfeasance or misfeasance or something of that nature. On the part of Boeing. Boeing is still the one half of a duopoly and in the long term. I think that had you know I. I think that the stock is probably a pretty good bargain where it is here but there are going to be plenty of of questions in the near
Boeing CEO Dennis Muilenburg resigns
"The air Boeing announcing the departure of embattled CEO Dennis Muhlenberg yesterday in a statement the aerospace giant called the move quote necessary to restore
Boeing CEO Dennis Muilenburg resigns
"Hour as Ali travel is peaking Boeing announced it CEO Dennis Mollen Berg is resigning its fallout from the deadly crashes involving two Boeing seven thirty seven MAX jets mark Dawson was Atlanta's Hartsfield airport it takes a lot to rebuild that faith once it's been crashed and Boeing did a very bad job in that on several levels Boeing is been unable to get approval from regulators to put the plane back in the air the Dow finished up ninety six points a new record I'm AT
Boeing CEO Dennis Muilenburg resigns
"Have your a year of tragedy in turmoil CBS news transportation correspondent Chris van Cleve says Boeing CEO is out Boeing's board of directors made the call Sunday night asking for and receiving Dennis Mullen Burcham mediate resignation calling it quote necessary to restore confidence in the company they were mounting calls for his ouster as Boeing's problem stemming from the two fatal seven thirty seven MAX rashes piled up the fifty five year old CEO had been insisting for months he was staying on the job like here his exclusive interview with Norah o'donnell did you ever consider resigning no it's it's important that I continue to to leave the
Boeing CEO Dennis Muilenburg resigns
"Hour as all of the travel is peaking Boeing announced it CEO Dennis Mollen Berg is resigning its fallout from the deadly crashes involving two Boeing seven thirty seven MAX jets mark Dawson was Atlanta's Hartsfield airport it takes a lot to rebuild that faith once it's been crashed and Boeing did a very bad job in that on several levels Boeing is been unable to get approval from regulators to put the plane back in the air the Dow finished up ninety six points a new record I'm
Boeing Shares Rise after Resignation of CEO Dennis Muilenburg
Boeing fires CEO Dennis Muilenburg, as the company struggles with 737 Max crisis
"Boeing CEO Dennis Mullen Berg is out after two crashes they killed three hundred forty six people Wallenberg initially denied the seven thirty seven Max was on safe but investigators have sense link them to software problems Cairo radios Erin Brunello mon Brooke was grilled by the Senate they were questioning his his leadership at the top they were saying who's going to be held accountable for for these two deadly crashes and clearly of the board decided that now was the right time to to lead Mullen broke out the seven thirty seven Max is still not flying we have entered our our tenth month now of the grounding and in all signs point to the plane remaining to be grounded through at least looks like late February early March so once the plane actually returns to the skies that would have been a full year knowing chairman Dave Calhoun is scheduled to replace Mullen Berg January thirteenth
"dennis muilenburg" Discussed on AP News
"Boeing's board says Dennis mall in Bergen stepping down immediately current board chairman David Calhoun will become president and CEO in January 13 the board says a change in leadership is needed to restore confidence in the company as it works to repair relationships with regulators and stakeholders Calhoun is a strong believer in the 737 Max the Max was grounded worldwide in March after the second of 2 crashes that killed a combined total of 300 46 people I'm I counted
Boeing CEO Dennis Muilenburg to step down immediately
"Boeing's board says Dennis mall in Bergen stepping down immediately current board chairman David Calhoun will become president and CEO in January thirteenth the board says a change in leadership is needed to restore confidence in the company as it works to repair relationships with regulators and stakeholders Calhoun is a strong believer in the seven thirty seven Max the Max was grounded worldwide in March after the second of two crashes that killed a combined total of three hundred forty six people I'm I counted
Boeing fires CEO Dennis Muilenburg.
"Email from Duffy to Pentagon officials said based on guidance. I have received it and in light of the administration's plans to review assistance to Ukraine including the Ukraine Security Assistance Initiative. Please hold off on any additional national. Dod Obligations of these Funds Pending Direction from that process. The new documents reveal how quickly the White House moved to to cut off military aid to Ukraine. Susan Smith Richardson Chief. Executive Officer of the Center for Public Integrity said in a statement Boeing has fired. CEO Dennis Muhlenberg as the company struggles to regain the trust regulators latest customers and the public after two fatal crashes of its bestselling plane the 737 Max Chairman David Calhoun will now become. The manufacturers factor is new CEO on January thirteenth. The transition period will allow him to exit. He's non Boeing commitments the resulting turmoil from the crashes has consumed Boeing the crashes have sparked numerous investigations including a federal criminal. Probe about the aircraft's development and certification by the Federal Aviation creation administration in two thousand seventeen earlier this month Boeing said it would suspend production of the seventy seven Max early next year. The company's these board removed Muhlenberg chairman in October saying he could better focus on bringing the Max back to service a
Boeing Will Temporarily Stop Making Its 737 Max Jetliners
"Boeing is going to temporarily stop making. It's seven thirty seven Max airplanes. This decision comes nine months. After regulators around the world banned the jets from flying lying following two crashes that killed nearly three hundred and fifty people. Despite being grounded Boeing had continued cranking the planes out of its factory near Seattle anyway but that is going to a change next month Dave shaper covers aviation for. NPR He joins us from Chicago. Hi David Good Morning David. So why this decision from Boeing. And why now. Well you know Boeing. Hiring is facing a couple of how hard realities one is at the head of the FAA last week told Boeing CEO. Dennis Muilenburg in no uncertain terms to just stop predicting that the F. A. A. Approve the return of the Max to service imminently. It's it's not happening. And maybe it's an effort to show an independent streak that the agency After the agency was accused of being too cozy with the company but FAA administrator. Steve Addiction told Wallenberg F the FAA sets the timeline not bowing in agency safety. Experts will take all the time they need to get its analysis and testing of Boeing's fixes for the plane done right and won't rush the plane into a return to service. I'm hearing that means that the plane will likely remain grounded until at least February or March and it now appears Boeing's getting got the message. Well how much of it also might be the company just realizing how much money they were losing. They were continuing to make these planes and not selling them. Yeah that's the second hard reality Boeing is facing you. Could they're burning through cash. Etta significant rate according to some estimates commits about two billion dollars a month the company did slow production a little bit back in April reducing the number of planes produced from fifty two a month to forty two but now it has about four four hundred finished Max jets just sitting in storage at cannot deliver them to customers and cannot get final payment. Richard Lafayette is an aerospace industry analyst for the Teal Group. It's been really painful for Boeing. They've been maintaining production paying suppliers to build fifty two per month while they build at forty two per month and not bringing in revenue. This is very painful From a balance sheet perspective. You know it's important to note David. Just how big of a deal. This is for Boeing seven thirty-seven Max is the best selling commercial airline in airliner in the company's history it had five thousand orders for the planes before it was grounded and it's a very profitable was anyway a very profitable profitable part rob product in a huge part of the company's future tied to this plane. Okay painful for Boeing. What about the people who were there? David I mean. This plane is assembled at a plant in Renton Washington outside Seattle. Twelve thousand people work there. How are they going to be hit by this well? Boeing is saying that there will be no furloughs and no employee layoffs at at least at this time. statement announcing the decision to suspend production says the company plans to have affected workers. Continue either seven thirty-seven related worker. Be temporarily temporary assigned to other Boeing factories in the area but there still is a fair amount of anxiety in and around the plant. We had Ashley Gross of Member Station K.. And ask around about about the impact. She talked with Veronica Medina whose family owns a Mexican restaurant called Toreros it a strip mall called the landing right across the street. From the huge Boeing plant. Well obviously being right here at the landing. It's very significant. We get a lot of lunch. Crowds we get you know. Renton General Very dependent on Boeing's wellbeing Medina says even if the employees aren't laid off if they aren't going in and out of that factory across the street her business may suffer. Well obviously it's going to be a head I don't know how big but I think as a city as a business owner. I think we will feel let David. What about the economy? The economy is gonNA feel here. I mean you've got to have the supply chain that that feeds this big factory. There could be a lot of sectors. Let a companies that could be it could be affected. Yeah I mean there's a lot of companies that could feel this more deeply not so much in Seattle but in places like Wichita Kansas where supplier spirit aerosystems zero systems makes the fuselage and other parts 737 Max and scattered out just around the country. But around the world suppliers Boeing may do something to help. Soften the blow for them. But many of these companies may be forced to to furlough or layoff workers themselves. It's not clear how significant that impact may be N._p._R.'s. David Schaper in Chicago. Thanks
Boeing 737 Max chief to retire amid executive shuffle
"Kharaldine. Chief Engineer for Boeing Commercial Airplanes. John Hamilton is resigning from the company. Hamilton was most notably most recently known and as the person who was sitting next to Dennis Muilenburg when he was on Capitol Hill for a couple of congressional hearings and he was asked a number of questions about engineers ears or employees at Boeing expressing concerns about the development of seven thirty seven Max so again John Hamilton. Chief Engineer for Boeing Commercial. Airplanes is is resigning. The company says he planned to retire last year. He pushed it off. They said to work on helping. Get the Max back his departure now. The latest executive to to leave the company as they continue to wrestle with the seven thirty seven. Max
Boeing splitting CEO and chairman roles
"On Swap pod Boeing owing speaks out hiding. It was a set of engineering decisions. That ended up being wrong. Boeing Chairman David Calhoun in an exclusive interview amid mounting pressure. The aftermath of two seven three seven Max crashes has put on the company this airplane will will fly it will be safe as well as the CEO. He is going to experience experience in his first period. One of the most difficult situations any CEO. That I've ever known has lived through and exclusive to this podcast. CNBC'S CNBC's auto and aviation reporter Phil above the narrative completely got away from them anchors on today's squawk box are Joe Kernan becky quick and CNBC contributor Surat Sethi joins as has guest host your host on this podcast that's me CNBC producer. Katie Kramer it's Tuesday November fifth. Two Thousand Nineteen Squad begins right now. So what's your process to hold people accountable to make sure this doesn't can happen again. Senator First of all my company and I are are accountable. I believe that accountability starts with with me My board took some recent actions regarding my position which I fully support and will allow me to focus even more on on safety so every action takes tried to focus on safety that was bowing CEO. Dennis Muilenburg and Florida Senator Rick. Scott during last week's blistering questioning joining of the airplane manufacturers leader on Capitol Hill one month ago Boeing's board stripped Lindbergh at his chairman title in the wake of months of criticism. Boeing grounded the entire fleet of jets. Let's call seven three seven Max. Following two deadly crashes one late last year and one in March of Twenty nineteen today for the first time we hear. From the new chairman of Boeing Blackstone. Executive Dave Calhoun. I caught up with my colleague film about Polo. Thank you Why don't you introduce yourself? I am Filipo. I cover aviation listen and the airlines for CNBC. And I've been doing it for twenty years. How long have you been covering the Boeing Company? Twenty Years Twenty years of watching this company company grow Go through some challenging times and this is clearly the most challenging time. They've gone through so. Tell me about that. The last eight months the headlines for Boeing have been really grim. Well anytime you have a plane crash. It's bad news and I know that's maybe we'll be listening to the same well Duh. Of course it's bad news but it's not just that there was a plane crash It was two of them very short period of time between them that led to the grounding of the seven thirty seven Max and had to put this into some perspective for people the seven thirty seven is the bread and butter for this company It is the cash flow generator. And so when you are effectively effectively saying we're not delivering any of these. You're cutting off. The cash pipeline for Boeing Commercial Airplanes It is a massively important story. Sorry one that everybody has a feeling about it. emotionally Whether they're in the industry or if it's somebody who who flies only occasionally people have A real concern about whether or not these planes which are so popular Are they safe. Will they be safe in the future so today on the show we had David Calhoun. Who is the new non-executive Chairman of Boeing directors? But I but very active. It's pretty clear from his interviewees active. Tell me about the scope of Calhoun job now. And what makes him qualified to lead Boeing during chapter. He's been on the board since two thousand nine and he also has a history going back to his time with GE when he was CEO of Ge Infrastructure Working Ge jet engines He's familiar with the aviation the airline business and he's also familiar with the challenges that go along with running a a large industrial. Austria company like Boeing and essentially. Now that he is non executive chairman that title used to belong to Dennis Muilenburg. And the Board has said. We're going to split your titled. Dennis is going to be. CEO Run day to day activities. The broader questions for the company vision where they're going so forth. That will go to Dave Calhoun L.. Who and when we talked to Dave Calhoun he made it very clear? We want Dennis Muilenburg to focus on getting the Max back in service that is that is the main job really the only job that matters right now for him. I'm sure he's doing some other things as well. I mean it's not like he's in a vacuum But the Max is all encompassing right now. Why why is he speaking out now a month? After kind of taking the reins of Boeing. Will I think the narrative got away from them last week. When Dennis Momberg was on Capitol Hill It was a brutal brutal couple of days. I mean you had senators and representatives outright saying you have no business being CEO. You have no business getting the compensation in that you get. If you had any decency you would step down. You would do more than simply say we're working on this. Is Anybody at Boeing taking a cut or working for free to try to rectify this problem. Like the Japanese do congressman. My board conduct a comprehensive review. That so you're saying you're not giving giving up any compensation at all your continue to work and make thirty million dollars a year after this horrific two accidents that caused all these people's relatives took go to disappear to die. You're not taking a cut in pay. It all began. Our board will make those terminate. You're not accountable. Then you're saying the boards accountable. I went in Quebec. And kind of underlying Steve Cohen of Tennessee. In the second day of my Lindbergh's yeah in front of the House. We talked with them afterwards in the hallway. I mean he's disgusted rested instead. I'm disgusted at at this entire situation here and that he is getting paid what he's getting paid. Which is roughly twenty three million dollars last year so it was wild because Representative Cohen was asking question? Are you taking a pay cut. Is Somebody going to take some financial responsibility for this and mullet Bergara sort of during the headlights. Absolutely and You could fault Boeing for not being better prepared for that question. Look I've covered enough of these over the years on Capitol Hill when a CEO goes in front of a committee especially Leanna safety related matter. I mean that is almost a guaranteed question. Look if you would fault Boeing for anything last week. It's the fact that they didn't anticipate that. This question streams coming because they could've nipped in the bud much quicker by having Dennis Muilenburg even in his opening remarks say I understand what's going on. I understand that I shouldn't be getting the compensation or at least all of the compensation That I received last year That would've short-circuited a lot of this discussion. Instead he said Ed That's not for me. That's for the board decide really came off looking very poor for the company and for him to stand by Joe Three to one his mic. It's it's time for our newsmaker. The morning Boeing Chairman Dave Calhoun the Dow component is you know separated at CEO and chairman roles amid the seven thirty seven Max crisis naming. Calhoun Muniz chairman on October eleventh. Relatively quiet since then in terms of on camera interviews this morning. He's speaking out in a squawk box exclusive. Dave joins us now with their own Philibeaux. Oh global headquarters Phil Good Morning. Good Morning Mr Galvin. Who Good Morning Joe? Joe And I know you guys have a number of questions for Dave and Dave. Let's let's begin first off if you and I were talking before you came out here. Big Question right off. The Bat is about the compensation for Dennis Muilenburg. This came up on Capitol Hill. You have some news regarding and how that's going to be changing correct. Yeah I do of course it was sort of obvious to everyone that was uncomfortable question for Dennis. Dennis doesn't like to speak in behalf behalf of board activities anyway. Dennis called me Saturday morning at ten o'clock with the purpose of suggesting that he Not Take any compensation for two thousand nineteen as in the form of bonuses which is of course most of your compensation it
Boeing CEO Dennis Muilenburg said to decline his 2019 bonus
"This morning the chairman of Boeing Dave Calhoun says CEO Dennis Malmberg still has the confidence of the board this following a weeks and months now of the grounding the seven thirty seven Max and questions about the culture of Boeing the is the chairman of the company says Malmberg also will not take any bonuses for twenty
Senators Confront Boeing CEO on Response to 737 MAX Crashes
"It may or may not have been planned this way but Boeing CEO's Dennis Muilenburg spent a couple of hours sitting along green table in front of the Senate Commerce Committee today one year to the day after the first of those two Boeing seven thirty-seven Max Crashes Natalie Kickoff of the New York Times was at the hearing Natalie it's good to have you back on the program thanks guy first things first so tweet of years this morning as Mr Muhlenberg was heading into the hearing that his job was on the line do you think he saved it I think he performed pretty well honestly given the situation now keep in mind the he faces two hearings this week tomorrow he faces the House Transportation Committee the committee that has been leading the investigation into the Max and that's expected to be the more adversarial of the two hearings that's that's really interesting because today I mean there were moments of of collegiality in common cause but there was a whole lot of adversarial questioning as well right on these text messages and what Boeing knew when it knew it so the idea of the FAA and how Boeing works with them to certify this plan that's right I mean would I would say covering this for the last several months I think there was a lot of fear outside of the company about how he was gonNA handle this he's not known to be a particularly comfortable public speaker but he was able to navigate some of those tense moments tomorrow you're going to see the committee that has really been digging into this documentation these are folks that really know their stuff supposedly so we'll see what happens tomorrow I mean I do think there were moments of reckoning for the company and some really important admissions by the CEO Today do you thank you convinced the senators at least as you say we'll see how he does tomorrow do you think you convince them that Boeing's mission is safety first as he took pains to say Mr Muhlenberg well I mean it's unclear what they were convinced about I think what he was able to say and what was I think really important for the company to get across us is that they are committed to improvements you've seen this company kind of have a level of confidence in the past where they haven't won a to admit any error and that comes from Bloomberg as well this time around he was a little more flexible on that and I think that flexibility probably went over better than approach of nothing to see here we're not changing anything a word here about a Boeing as as a going concern as it were yeah I mean this company has tens of billions of dollars in backlogged orders the seven thirty seven maxwell eventually want imagine fly again so it's not like the company's at risk no that's right I mean this is the biggest aircraft maker in the world in an industry where it's essentially a duopoly so no one should expect that Boeing is going in anywhere that being said they have enormous brand risks to be managing right now and this is the person at the helm of all of that so whether he stays in his post whether he's able to get the company through this I think it's a big question that doesn't mean the company's going anywhere but the extent to which they can manage it I mean it's an open debate at this point less thing my my first question was sounded and was tone deaf right because first things first issue is not Mr Muhlenberg job at three hundred fifty or so people who are dead because of the seven thirty seven Max I want you to tell me what happened as he was on his way out of the hearing and and that I guess she's the mother of a victim stop them that's right and this was a really intense moment where Nadia Miller in who's the mother of Samuel Mo who died in the Ethiopian crash confronted Mr Momberg directly and said you need to look at people when you apologize to them and on his way out he spins around looks or right in the eye and said I'm sorry it was it was the first time that that's happened now Anderson he's meeting with the crashes couple of months Natalie thanks a lot good to talk to you thank you again far far from the most important thing about the hearing today but Boeing investors seemed pleased with how he's went shares up better than two percent
Congress Ramps Up Scrutiny of Boeing Executives, Board
"We begin tonight with Boeing C Dennis Muilenburg getting grilled by lawmakers Capitol Hill today over the seven thirty seven Max crashes let's get straight to fill Abo- in DC but all the highlights fell Melissa the senators blasted Dennis Muilenburg time and again on a wide variety of issues some accused Boeing and the CEO of not being straight with them outright lying to them in terms of certain questions about the seven three seven Max others basically said to him you're the CEO how could you let this happen the CEO the buck stops with you did you read document and how did your team not put it in front of you run in with their hair on fire saying we got a real problem hear those pilots never had a chance these loved ones never had a chance they were in flying coffins. I would walk before I was to get on a three seven thirty seven Max I would walk there's no way just a few of the comments from senators asking Dennis Muilenburg and also offering their opinions in terms of the seven three seven Max for Dennis Bloomberg's part he had time he said time and again look safety is at the core of our mission we are committed to making sure that the Max is safe when it returns to flight and that the company makes changes that are necessary to ensure that this never happens again guys that you take a look at shares of Boeing yeah this stock came back a little bit today and people are saying well does that mean that Dennis Muilenburg did a good job on the hill know it simply means that investors are looking at saying how much worse can it get what's the worst that can happen for Boeing. Yeah maybe this plane doesn't return to service by the end of the fourth quarter but it will at some point and there is a backlog of jeans and I know you guys have talked about this at length I think that's what the investors were looking at today saying get past the headlines Get passed a bad day for Dennis Muilenburg on the hill and focus on the backlog of forty four hundred seven three seven maxes that all implies fell that Congress will put the blame squarely on Dennis Muilenburg and Boeing and not early on the FAA which might cause the seven thirty seven Max v grounded for even longer end or change certification processes. Melissa I think you're spot on with that I think that the pressure is on the FAA and that when they finally decide Okay we've got all the material that we need from Boeing for the recertification of the Max how long does it take for them to do this because they were embarrassed by what happened a year ago when the rest of the world grounded this plane while they repeatedly said Dad is not their dad is not there and now everything that's come out in the last year I mean it's clear that the FAA is going to have to to show Capitol Hill yes we understand our role is a regulator is not just a rubber stamp this play and this also assumes that well regulators around the world I'm assuming watched the testimony as well even tougher than the way in terms of getting that Max recertified Chirp and we'll see that with Europe now they're not real far behind the FAA they basically said look we're within weeks when the FAA signs off. I don't we're probably just a little bit behind them but China's the one to watch and for all the reasons that we've talked about Melissa that this goes beyond just the certification process in China there could be a political element of this involved as well all right fell thank you Phil Lebow Bet with today's testimony tomorrow of course Malmberg returns to the hill for the house in the meantime what fills said was very interesting investors assuming that the worst may be behind sailing do you agree for today they did and listen I thought the stock would trade and tests three twenty one I think that was the August low on October twenty first I think it traded three twenty four thereabouts it's on fifteen million shares which is about four times normal volume so for the short term at least you have what we say is a pretty decent tradeable bottom but I'm hard pressed leave given everything we've heard that the headline risk still doesn't exist and the FAA they for them to certify this plane going forward they're going to have to go through things in the most rigorous way in the history of the agency so I'm again I'm hard pressed to believe that were on the other side of the bad news flow so might take is rally should be sold I think we go from here yeah I I agree I mean unfortunately you know the unknowns are just not quantifiable right here and I think that one of the senators made this when he said I would walk before I get on that's going to be an issue that a lot of carriers are GonNa have to deal with just from a PR standpoint when they finally agree to take those the planes will customers want to fly on them we just don't know and this is a long time coming and I just look at the estimates sales last year one hundred and one billion dollars expected to be eighty three and then I think consensus has been going up to one twenty-three that's assuming that all these planes that are being bill are going to be sold again Boeing may end up holding billions and billions and dollars these planes before the carriers begin that's the point about China I guess an stocks traded this way all year for the better part of ten months we've been in this range between three twenty and three eighths let's call it and effectively what investors have been doing is getting optimistic remember always supposed to be first or second quarter of this year was gonna come out then it was going to be September two keeps getting pushed back some push-back optimistic face but I think with everybody else here you get up to three sixty three eighty somewhere in that range I'd be selling it because I do think it's going to be longtime we don't know what kind of liability is there we don't know how customers are going to respond to this and then what are you what are you buying what are you trying to trade what's the theme you're trying to trade the airline industry but you're also trying to trade defense you'd better ways to do that you could buy. Ut Ex you can buy Delta Airlines if you want to try to play those things that have none of that on risk that Bowie also trying trying to treat a duopoly and that's dynamic that exists here that's different from any other crisis that you can point to and try and make comparison to is trying to make the comparison to wells fargo but it's completely different in that they've only got you've only got Airbus and you've only got Boeing which is interesting part and brings up the unknowns you bring up all the liabilities and I don't disagree with that and that's why I've had a really hard time I've looked at this so many different times Melwert said you know what I think I'm GonNa buy it if it gets to this level and I haven't done it and why haven't I done it even with the duopoly yeah there's still an issue out there we don't know what the actual impact will be I mean I think the one thing that we can look towards in the future we'll be I think they will eventually get that free cash flow back I think there's a lot of things I'll get back we know about the backlog their competitor has an unbelievable backlog so we're people can go if they jump out of Boeing are they really going to go to the competitor because if so they're in a multi year line right I mean so there's that that's what makes this so interesting and I think that's the stock hasn't cracked otherwise. I should have been a tweet eighty-five stock like it was a year ago December never got down to those levels again keyword is crack I mean I'm just I just pulled up the B chart from ten years ago and I'm not saying that this is equivalent to what happened in the Gulf in there but that stock went from sixty dollars to below thirty in a matter of aunts or something like that and then at some point you can say listen the all these unknowns the same thing the sediments horrible if I'm buying for ten years out will I be okay Zillion I think he's a deal of the century because of the duopoly or whatever you're saying there's a lot of stocks out there to trade so when there's this much confusion on trying to figure this one out I try it makes sense to me I asked yesterday but you weren't here yes gallivanting galvanic on here's a question if Dennis Muilenburg on the back of this to rally the Stock I think you're looking at the wrong places and understand what everybody says in terms of the stock hasn't broken down in a meaningful way but consider this I mean you've talked about the Apple Stock has been bolstered by the fact that the S. and P. Five hundred is an all time high so you've got tremendous market tailwind behind this and it's still down from four fifty ish back in February of last year right so I mean it's not like it hasn't it hasn't been punished I think our point is were surprised it hasn't been punish enough but if the broader market were ever to roll over for whatever reason I don't think Boeing would be I don't think they'd be safe from that move for more on Boeing let's bring in Ernie Rv the president of air inside groupies previously called for Mullen to step down Ernie great to have you back thanks for listening to nice to be here again I mean if you take a look at the stock today the stock is up we were talking about that what do you think investors should know about this process at Boeing has in front of it to get the seven thirty seven Max back in the air I think the process has been delayed several times they still haven't made the final submissions to the FAA although if we believe Mr Muhlenberg they're getting closer but that will take the FAA another five to six weeks to analyze after they get Boeing's final documentation that puts us in to into next year or late into December and the airlines will take probably one to two months each to get back into service so the earliest we say is is right about the end of the first quarter of next year and probably more probably the second quarter because our number of issues that have come up during that process that Boeing is is addressing as well as the the mental problem with the system I'm people are so focused on Boeing and Boeing can do to get that plane back in the Air Ernie but in terms of the pressure on the FAA the process by which it certifies aircraft do you think that will have to change permanently and that that could actually cause a longer path B were the Max gets back in the Air I think the process will change I think the review we've had with international regulators will be thorough enough that months the mission has made the recertification process will probably go fairly smoothly but for the next aircraft for the seven seven seven x for the new Middle Market aircraft that Boeing is thing I think for those programs will see much more scrutiny from the FAA as the process changes. And I think the whole of the process right now is the the station of the Delegation Authority Yoda in which Boeing employees can certify a certain requirements and where they used to have trek linked to the FAA now they report to the FAA through Boeing managers so that clear voice of potential whistleblowing to the FAA has been eliminated and what needs to change its Brian Kelly is there precedent for customer acceptance of this how long do you think it'll take for somebody for a client or a pass I want to step back on to one of these planes we don't have a lot of data on that we have to go back to nineteen seventy nine in the DC ten and that took about six months to for passengers to get back on board that aircraft and and have similar load factors but that was before social media so we we don't have the what if mouth that we have today through the Internet we don't have facebook we don't have groups that could potentially put together an Internet boycott of the airplane so we don't yet know the answer could take it could take a year before people got get back on board this airplane longer and if airlines find lower lower load factors that's an economic cost them versus the competing aircraft and that's going to reduce the value of the Boeing aircraft to them we're just about out of time Ernie but we were talking about how investors are happy to stay in the doc at least for now because it is a duopoly out there and I'm wondering in your purse you know in your experience how how solid is that duopoly and you've seen instances where airlines could actually switch to a different plane by different planemaker the deeply is is pretty solid it's Michael to switch if you're a major carrier with large with a large fleet because there just aren't a hundred delivery positions and Airbus available next year you've got to get in line and wait five hours six years but for the smaller carriers who by twos and threes of those can happen and Airbus can certainly increased capacity it's
Text Message from Boeing Employes in 2016 Reveals Awareness of Deadly Problems in 737 Planes
"I item comes from the Washington Post this text messages show Boeing Employees New in two thousand sixteen of problems that turned deadly on these seven three seven Max there's a number of good articles on this John oster Our has one from the air current that's new document and seven three seven Max investigation point is to chaos and pressure in M s development so the continuing saga in two thousand sixteen there were some text messages from Boeing's at the time chief technical pilot for the seven three seven writing to another technical pilot and he said that the canoeing characteristics augmentation system the M CASS was engaging quote itself like crazy and he called the problem agreed Gis Soho these kinds of well seemingly damning e mails text messages and so forth I don't know Max I find these kind of difficult to interpret at times because it's it's kind of hard to tell it taken out of context and and also you know one employee will write to another employee in ways that they wouldn't if they knew that these we're going to be published in the wall Ashington Post to the New York Times yes and I think the thing that really makes this a little bit more damning as that he continued his tex-mex Pigeon said so I basically lied to the regulators parentheses unknowingly and I guess the reply was something along the lines of it wasn't ally no one told us that was the case I don't quite understand the second part of that the yes I think probably Boeing has their legal department has probably come out said no more text messaging stop stop you know we're obviously seeing that in other places in the news or text messages are now becoming you know quoted and so on and I think a lot of people just think hey it's a private conversation nobody but us are on this and it's like no folks that is stored sadly it is available for discovery and when the lawyer start looking for it they're gonNA fight it and I think they're just it's like social media you know tell folks kids don't publish stuff it's got to be the same thing it's like when you're texting make sure you texts very carefully that's right that's right many corporations actually have training on good email and now texting etiquette if you will or best practices in one of the things is it they'll tell you is don't say anything or put anything down on paper or write anything that you wouldn't want to see in the front page of the newspaper because one day that's exactly where it may turn up and it's not that you're being trained to cover something up it's just you need to think before you make statements that you figure will be kept private another aspect of this recent revelation he is that apparently Boeing knew about these but only just recently provided the to the FAA so they're a little bit displeased with Boeing for having waited waiting so long for these one of the article says that yes in a letter to Boeing's chief executive Dennis Muilenburg that the F. A. A. Administrator said I expect your explanation immediately so the phase not too happy with Boeing on this particular development. Well and the the you know the interesting thing is that they say that the tone was set early in the messages when the same gentleman texted I'm locked in my hotel room with an ice cold grey goose and I think we can assume he's not talking about a bird because I'll probably fire off a few inappropriate emails before I call it a night yeah no kidding and the person he was is a texting with said something about had he accomplished anything in the flight simulator quote or what is the normal chaos there in another one message was I'd ask for a job in sales just get paid to drink with customers and lie about how awesome our airplanes are like oh my gosh it's just not the stuff that you want to see in the front page of the newspaper no and it may just be horsing around I mean some of it not not all of it but it sure looks bad now apparently C. O. Dennis Muilenburg is meeting with directors and senior electives has we record this basically in San Antonio for a regularly scheduled board meeting in that's going to occur over the course of a couple of days here and I I don't know what we'll learn from that or what result from that we'll see if anything but that's but that's coming up but Muhlenberg is also scheduled to appear before Congress the House transportation infrastructure Berkshire Committee on October thirtieth so that's coming up in and there's also a Senate hearing that may take place on the twenty ninth or it may take place after the House hearing on the thirtieth this is all coming from anonymous sources people didn't want to commit to this because it's not really can firmed but this is what the reports are so that'll be another very interesting event you can bet the Congress people will have some very pointed questions for me Lemberg at those those hearings well I think the seven three seven Max story is the gift that just keeps on giving I mean if you're funny comedians would be using this every night on the news it's not funny it's really Kinda Sad I think points to a lot of you know kind of breakdowns at many points in the process certainly within Boeing and perhaps to some extent within the the FAA end. I really am optimistic that we're all going to be better for this I think the people said Oh well people want to fly the seven three seven Max well of course they will this'll be the safest plane in the sky time people get through this recertification process so you could make an argument that that's the only plan you should fly Sir certification is completely because presumably those planes will never ever crash again because they've been going over with a fine tooth comb so I think this is a a sad chapter in a long story with Boeing and hopefully they'll move on quickly to a new happier at chapter and continue with a long term success always had I hope so and of course the longer it goes on in the morning expensive gets there's a Bloomberg article that says that these delays and getting this plane into service of cost Boeing least get this eight point four billion dollars so I obviously as time goes on the cost keeps going up
"dennis muilenburg" Discussed on Bloomberg Radio New York
"They, we need to make sure that as you said that, that at times downtown. We need to make sure that the airline will have a continuous investments in which we get a good return. And we sustain our cash flow that was cut her airway CEO Akbar, Alba car and coming up Boeing CEO Dennis Muilenburg. This is Bloomberg. With a Bloomberg business of sports report. I'm Michael Barr. A jersey worn by Babe Ruth as sold for a record five point sixty four million dollars in an auction over the weekend. The Yankees jersey has said to have been worn by Ruth in the late twenties. The previous record was held by another piece of memorabilia from the Sultan of swat a nineteen twenty Ruth jersey, which sold in two thousand twelve or four point four million dollars. The auction was held at Yankee Stadium long with other items contributed by members of Ruth's family, Ruth's, granddaughter Linda Ruth, to- city said, I just want people to enjoy and appreciate my grandfather stuff. The auction was conducted by Pennsylvania-based hunt auctions, the company's president David Hunt says while the record setting prices attained today are certainly astonishing. I am not surprised at all given the incredible materials and mythical status. The babe hold in the history of this country. And that is a Bloomberg business of sports report. I'm Michael Barr. Let's say you just bought a house. Bad.
Boeing CEO Muilenburg admits "mistake" in handling 737 warnings
"Of Boeing says he is confident the Boeing seven thirty-seven max will be cleared to fly again later this year by US and all other global regulators speaking before the Paris air show yesterday, CEO, Dennis Muilenburg says the company made a mistake in handling problematic cockpit warming warning system. And it's seven thirty seven max jets before the crashes in Indonesia, and Ethiopia killed three hundred forty six people muhlenberg promised transparency as Boeing works to the grounded planes, back in flight.
CEO: Boeing made mistake in handling warning-system problem
"The CEO of Boeing promises, transparency and says, he's focused on rebuilding trust as the aircraft manufacturer tries to get its grounded. Seven thirty seven max gets back in the air BBS news correspondent Elaine kiono, does that he spoke before the industry-wide Paris air show Boeing CEO. Dennis Muilenburg says his company made a mistake in how it handled defective. Cockpit warning lights. The company. Failed to disclose the defect on. It's seven thirty seven max planes to regulators and customers. The seven thirty seven max was grounded worldwide more than three months ago after deadly crashes in Indonesia and in Ethiopia. The FAA is faulted Boeing for not telling regulators for more than a year, safety indicator in the max cockpit did not
"dennis muilenburg" Discussed on Progressive Talk 1350 AM
"Already seeing benefits there. This streamlining with the FAA if you can talk Paul Hudson about what Boeing CEO Dennis Muilenburg is it middling as he praises the FAA under the Trump administration in two thousand seventeen. Well, you know, Tammy there's all expression law beware of what you asked for. You may get it. Boeing ask for it. They got it essentially, full delegation and self regulation. We went from the FAA, basically, not just being the oversight. But being the certifier we now have a situation not only with the seven thirty seven. But it was pretty similar to that previously with the the seven eighty seven Dreamliner in two thousand thirteen that was grounded with battery. Fires you have a situation where? The manufacturer designs systems that manufacturers employee's tests, the systems the manufacturer employees chosen by the manufacturer in this case Boeing, certifies the system and the FAA's is basically a bystander. So while safety was never deregulated with economics in the airline deregulation act of seventy eight. It's become a really a paper thing now with the FAA not only relying on the manufacturer for pretty much everything, but not having its own people that are competent and not consulting with outside experts that are needed to really vet these systems. Ralph Nader, even when the FAA was announcing they were grounding, the max planes under enormous popular pressure..
"dennis muilenburg" Discussed on 10 10 WINS
"Tax returns. Here's press secretary, Sarah Sanders, we're not interested in playing a bunch of political games. Like, the Democrats in congress clearly want to spend their time doing the president's focus on actually solving real problems like the crisis at the border dealing. With healthcare in a number of other fronts. The president told reporters he will direct the IRS Commissioner to not comply. The president also said trae talks with China are progressing. He's hinting at a possible summit with the Chinese president. If there is a US Chinese deal to be signed. It will be much fairer deal for us. Because over the years, we've lost a lot of a lot of money to Genoa China's done very well. And I don't blame China say it all the time. I don't blame China blame the people that set right at this this and the president heads to the border at collect Seco California today to focus on immigration and illegal drugs entering the US wins. News time six fifty Boeing CEO, Dennis Muilenburg is acknowledging link between the 737 max jet crash has in Ethiopia and Indonesia and concerns about the role sensors and the plane's automatic automated flight control system, probably played told us aronie. Activation of 'em cast function can add to what is already a high workload environment. It's our responsibility to eliminate this risk we own it. And we know how to do it. I'll the CEO also issued an apology and sympathy for the lives lost in the two. Max jet crashes the first wrongful death lawsuit. Meantime has been filed against Boeing any air in Chicago. By the family of a passenger killed the Plainfield New Jersey middle school has gone cell phone free, the principal. There says it was worth the effort because test scores had been down disciplined was high and students ability to learn had been affected. He says the school board and parents agreed and already there's been an improvement in those test scores wins news time, six fifty one. Time to check in with the ram trucks traffic.
"dennis muilenburg" Discussed on KOMO
"Ceo Dennis Muilenburg statement comes one week after the deadly crash of an Ethiopian Airlines seven seven max eight the same kind of plane that was involved in the crash of a lion. Aerojet over the Java sea five months ago. ABC news contributor and retired marine pilot Steve January seven thirty seven is the largest selling airliner in history. The max is a new airplane. There may have been some design flaw in the max that led to in conjunction with pilot error, one of these mishaps if that's true it will be a real black eye for Boeing, which is one of the real gems of American industry that will take some time to overcome the cockpit voice recorder from the airlines jet has so far only been heard by Ethiopian investigators Zealand's Prime Minister just into Ardenne says her government this week will look into stronger regulations on gun owner. Ownership in the wake of last week's deadly shooting, a two moss. I've already indicated it's mind tension that we will have an agency briefing four cabinet, and we will have preliminary policy discussions around issues like for instance, gun pull it at least fifty people are dead. Police believe there was just one shooter. Now in custody the race for the democratic presidential nomination is getting bigger former vice president Joe Biden's, all but officially announced twenty twenty one Senator Chris coons who hails from Delaware. Like, Biden is all four. We'll see the divisions in our country and inspire us to heal them to work together across them and move us into a better future as a country for all of them coons on ABC's this week New York Senator accused in Jilib ran posting a video today saying that she is in the president of Brazil has arrived in the US for meetings later this week with President Trump is his first official visit to the White House. You're listening to ABC news..
"dennis muilenburg" Discussed on KOMO
"Acting administrator the f._a._a. and to dennis muilenburg ceo of boeing and will be available shortly after conference today they are all in agreement with the action any played currently in the air we'll go to its destination and thereafter be grounded until further notice so planes that are in the air will be grounded if they're the seven thirty seven max will be grounded upon landing at the destination pilots have been notified airlines have been all notified airlines agreeing with this the safety of the american people at all people is paramount concern our hearts go out to all of those who lost loved ones to their friends to their families in both the the opium andy lion airlines crashes that involved the seven thirty seven max aircraft to terrible terrible thing boeing is an incredible company they are working very very hard right now and hopefully they'll very quickly come up with the answer but until they do the planes are grounded and you'll be hearing from the f._a._a. directly in a little while i would say probably in forty five minutes from now so you'll be prepared to hear they're going to go into great detail as to what they found where we're going what we're doing all.
"dennis muilenburg" Discussed on Corner Office from Marketplace
"It's gonna last for decades. We're we're flying airplanes day that been in fleets for twenty thirty plus years on the military side airplanes had been in service for fifty six years. Right. So so we have to have that long-term view. That's why we we can never make short-term motivated decisions. We really have to have this long-term strategic view invest for the future. It is a big stakes game. Right. We're. Were trying to navigate our way through disruptions in this pace. Technology is is always speeding up. So we have to create new airplanes for the future that can can soak up new technology incorporate new technology overtime, this is fascinating business model. That's a combination of short term technology pace and long-term investment fascinating. But it's got to be slightly terrified now. Well, I think it's part of what makes us business fund. Right. So it's part of what attracts us to this business. It's it's it's a business that clearly impacts the world we can do great things for the world positive things. Like, no other business. It is a high stakes investment kind of business. It's on the innovation leading edge. It does have risk. But we also know how to manage that risk. The Saul part of what makes aerospace such a great business. You know, it really moves the needle in terms of benefiting the world and an economic growth, and it's it's got a sense of adventure to it in a sense of the unknown that, you know. Part of what I think attracts talent that's in this industry, then a sexual approved. Great talking with incomprehension. There you go that was my conversation with Boeing's, yo..
"dennis muilenburg" Discussed on Corner Office from Marketplace
"Of cash is investing in innovation and RND. We've right raising salaries to an and raising salaries so let let me tell you what we've done with tax reform money so day one after tax reform was passed. We we allocated an additional three hundred million dollars directly to our employee base that went into three categories workplace investment. So impr-. Moving the work environment office spaces resources for our team a hundred million of it went into the actual workforce. And that went into educational programs health care investments in salaries and opportunities additional degree programs, and we put an additional hundred million into our community investment. So this was benefiting veterans and their families charitable, opperations volunteer operations that was the first thing we did with tax return money three hundred million into our workforce. We also amped up our D And our innovation spent over the last five years we spent more than thirty five billion dollars. The tax reform has given us another jolt of investment, and these are long long-term payback's. So that's that's part of what's happening right now. It's really driving. Our momentum is company I want to get to the long-term nature of your business in a second. But since we've danced around a little bit a do want to ask you about the president. President for those who might not have seen the news either had just been elected or was about to be sworn in. I forget exactly the timing. But the president went after Boeing for the Air Force One contract very early in his time got on the phone with you Unico. She a satisfactory deal with the president for the new air force ones. I don't want to get the merits of the contract. What I do want to ask. You is this do you think it's appropriate for the president of the United States to be negotiating one on one with the CEO of a major corporation in this economy. Yes. And I'll I'll tell you. Why it would it tells me it's is one? He cares about business, and he creates open communication lines. And you know, we we'll have differences time-to-time, obviously, we had a tough negotiation good negotiation on Air Force One. We may not agree on every topic. You know, we're dealing with things like China trade policy sample, and you know, we're we're eagerly supporting. Ongoing trade negotiations hoping to find a solution one. That's not based on continuing tariffs. Yes. That's that's wh what do you think? The odds are that. I I actually think we're headed towards a productive solution. I see both sides moving in a positive way. So we're hopeful that on the back side of the g twenty summit and they ongoing ninety day discussions that that's going to lead to a productive solution. I do think Boeing is part of that solution. But there are also others where we very much agree right on things like tax reform and regulatory reform from my view, the big thing is he's created an opportunity for businesses to have a seat at the table. Right. We're part of the conversation were part of the solution. And the fact that he's willing to create open communication lines. I think makes a big difference. So I I applaud him for doing that. Let me pick up on the China thing for a minute. Some enormous percentage of this company's growth is going to be in Asia over the next decade decade and a half, you're working with.
"dennis muilenburg" Discussed on Corner Office from Marketplace
"Just the pure joy of being involved in designing airplanes and these incredible flying machines? It's all part of what caught my imagination, and so, yeah, I get hooked on Boeing at an early age, and I've been here for thirty three years, and I just couldn't be more happy with the with the opportunities. I've had how come the United States dominates so much in aerospace? I mean, we've got Airbus and their, you know, there's bumper Jay and Embraer and all of those Boeing an American aerospace are pretty much it. How come I think America still wins because of innovation right? I I think the. Innovative spirit of our people. Our economic structure the way our companies run the way we were able to take smart risk and invest for the future, the incentives associated with driving innovation, and I think there's just a certain spirit of adventure the spirit of innovation that really allows us to lead globally. I think that's a differentiator. I see it in our culture, and then our -bility to do that at a global scale. So while we we have strong leadership here in America. We have you know, customers and talent and partners around the world. And this idea of of innovating and collaborating. I think it's just part of who we are. It's and it's it's unique to the American spirit. So here's the working thesis of this interview that aerospace is the global leading example of what America's good at right now. Right because of innovations both from this company and others, right. But in a way, what Boeing is is manufacturing company. Right. I mean, you're a big industrial manufacturing company. What does it take to be a manufacturing company in America today? Yeah. I think being a manufacturing company in America today is harder than it's ever been hookup. Because I think the the economy that the nature of work what's valued in our society that the perception of you know, what are the jobs of the future over time. It's it's moved a bit away from manufacturing and building hardware. It's moved more towards digital software different different sectors. And while we're we're a very intense software in digital business. We also build big complex hardware there used to be more of that in this country. And as a result say it has a limitation. Yeah. I think there's there's incredible value that comes from the ability to design and build complex machines. That drives economic value. It drives jobs growth it enables the rest of the economy. Yeah. I think about what we do in the aerospace world as an enabler, more broadly. And there is really no in other industry. Like, we we like to say our mission is accompanies connect, protect explore and inspire. The world to our space innovation that is a big audacious goal. And I think it's something that really drives economic value and talent more broadly and that idea of being able to take on the most audacious goals. You know, you think about what's happened over the last century the big steps of mankind. You know, going from from walking on the earth to walking on the moon right from from riding around on horses to flying in airplanes. Right. The massive transformations that have happened aerospace has been at the leading edge of a lot of that. And we tend to drive ripple effect into other. Sector's. You'll medical devices mobile communications, advanced materials, a lot of those technologies that benefit society. More broadly, get started in aerospace. So it's it's a high value sector in this idea of of having to design and build and in the end, you'll fly these incredibly complex machines, the act of flying is something that drives real technology advancement. So that's admirable and aspirational, and I subscribe to a good healthy chunk event. How you feel in now though about this economy, it's prospects, and where we are globally, given the changes that are happening in the global economy. Yeah. Well, it's it's a challenging geopolitical environment right now. Right. So we're dealing with trade issues and a challenging trade environment around the world at. At the same time. You know, we're seeing strengthening economy right now, which is is helping us in the business..
"dennis muilenburg" Discussed on KFI AM 640
"Close to selling the seventy three year old restaurant is not known if the buyer will keep the business intact or whether they're buying the real estate worth an estimated twenty five billion dollars mammoth mountain is expected to reopen today the resort area was closed yesterday after an avalanche eight people were buried in the snow all of them were able to get out on their own commerce secretary wilbur ross says president trump's tariff plan will happen this week ross says this wasn't a sudden decision made by trump and has no reason to believe the president is going to change his mind who mood combed promos promises whose forty will prove and so for him terms would keep his campaign promises the president said during the campaign he was going to fix steel and aluminum the president less we can now say 25 percent tariff on steel imports and a ten percent tariff on aluminum imports you may be able to catch a flying cab boeing says lying taxis aren't far off ceo dennis muilenburg says real prototype vehicles are being built right now so the technology is very doable is already plotting what he calls the rules of the road four three threedimensional highways fleets of south piloted craft could be hovering above city streets within a decade nasser's already got an aim to the science urban air mobility aerospace experts seemed to agree taxis that fly will have many bugs to work out before we can whistle or tavern out to get airborne michaels repay kfi news the hybrid horror comedy thriller tale about racial tensions get out has one to film independence spirit awards the film nand at nabbed best picture and jordan peel to come best director honors frances mcdormand took home best female leave.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"In the clouds that describes boeing's jets and stock price over the past year and that's due in part to see your dennis muilenburg he took over the airline him in 2015 tanning the company unapologetically hardnosed julie johnson wrote this week about how boeing his sees the skies and she joins us now jeremy we all know the name boeing huge us company justice grime bates relative importance and who they are today we think we know boeing they've been around for a hundred years but in year 101 they've overtaken g aid to become the largest and most powerful us industrial company and they have really started to shake up the marketplace in ways that we're just now exploring and whose effects we ultimately don't know how much of this is to do with the new ceo i mean i call him new he's been around since 2015 dennis muilenburg i mean you described them is turning unapologetically hardnosed under his reign but you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic by again he just he has this goal of making boeing a global industrial champion sort of a 1990s erased g e that everybody looked up to and he he is you know his foot is on the gas this is a company right now the that seems determined not to let up so i think in some in some reflect regards companies reflect their leaders and so that might be true of what we're seeing at boeing today i mean the share prices doubled since january of last year it's the the best performer in the dow so investors kaley rewarding them at this stage they're happy yes absolutely and one of the things that's kinda fascinating has g e has imploded for shareholders who want to have large industrial stocks in their portfolio boeing has sort of become the only game and i think that it boeing has in terms of their share price benefited from sleep from the turmoil eci e but at the same time it sort of reflects the the.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"Paying off in the clouds that describes boeing's jets and stock price over the past year and that's due in part to see your dennis muilenburg he took over the airliner in 2015 tending the company unapologetically hardnosed julie johnson wrote this week about how boeing has seized the skies and she joins us now julie we all know the name boeing huge us company just describe its relative importance and who they are today we think we know boeing they've been around for a hundred years but in year one they've overtaken jld to become the largest and most powerful us industrial company and they have really started to shake up the marketplace in ways is that we're just now exploring and whose effects we ultimately don't know how much of this is to do with the new ceo i mean i call him new he's been around since 2015 dennis muilenburg i mean you described them is turning unapologetically hardnosed under his reign but you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic but again he just he has this goal of making boeing a global industrial champion sort of a 1990s era g e that everybody looked up to and he he is you know his foot is on the gas this is a company right now the that seems determined not to let up so i think in some in some reflect regards companies reflect their leaders and so that might be true of what we're seeing it boeing today i mean the share prices doubled since january of last year the the best performer in.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"We can be seven in the clouds that describes boeing's jets and stock price over the past year and that's due in part to see your dennis muilenburg he took over the airliner in 2015 tending the company unapologetically hardnosed julie johnson wrote this week about how boeing has seized the skies and she joins us now jd we all know the name boeing huge us company just describe its relative importance and who they are today we think we know boeing they've been around for a hundred years but in year 101 they've overtaken g eight to become the the largest and most powerful us industrial company and they have really started to shake up the marketplace in ways that weird just now exploring and whose effects we ultimately don't know how much of this is to do with the new ceo i mean i call him new he's been around since 2015 dennis muilenburg i mean you described them is turning unapologetically hardnosed under his reign well you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic by again he just he has this goal of making boeing a global industrial champion sort of a 1990s erased g e that everybody looked up to and he he is you know his foot is.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"Of this is to do with the new ceo i mean i called him new he's been around since 2015 dennis muilenburg i mean you described him is telling unapologetically hardnosed under his reign but you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic but again he just he has this goal of making boeing a global industrial champion sort of an 1990s era g e that everybody looked up too and he he is you know his foot is on the gas this is a company right now the that seems determined not to let up so i think in some in some reflect regards companies reflect their leaders and so that might be true of what we're seeing it bullying today i mean the share prices doubled since january of last year it's the best performer in the dow so investors kaley rewarding them at this stage they're happy yes absolutely and one of the things that's kind of fascinating has g e has imploded for shareholders who want to have large industrial stocks in their portfolio boeing has sort of become the only game and i think that it boeing has in terms of their share price benefited from men lee from the turmoil at g e but at the same time it sort of reflects the the underlying strength of the business they're very focused right now and profitability really shaking up the supplier community with with some of the ways they've gone about gaining that profitability and in their contracting on but that's that's a very high level picture with with a thousand little details that have sort of made it come together i'm so glad you brought that up as well the cost initiative that they're running now partnering for success critics of cold this pilfering from supplies just give us a sense of what they're doing here what they're achieving because it's creating a a fundamental reshaping of boeing's business at the same time yes yes that's absolutely true and this started on it and 2012 so under jim mcnerney the previous ceo and i think it was done at that time boeing was going through some tremendous sort of soulsearching after the the seventy eighty seven dreamliner the.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"Radio week seven in the clouds that describes boeing's jets and they stock price over the past year and that's due in part to see your dennis muilenburg he took over the airliner in 2015 tending the company unapologetically hardnosed judy johnson rate this week about how boeing has seized the skies and she joins us now katie we all know the name barring huge us company just describe its relative importance and who they are today we think we know boeing they've been around for a hundred years but in year 101 they've overtaken g eight to become the largest and most powerful us industrial company and they have really started to shake up the marketplace in ways that we're just now exploring and whose effects we ultimately don't know how much of this is to do with the new ceo i mean i call him new he's been around since 2015 dennis muilenburg i mean you described them as telling unapologetically hardnosed under his reign but you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person in charismatic by again he just he has this goal of making boeing a global industrial champion of the 1990s irib g e that everybody looked out two and he he is you know his foot is on the gas this is.
"dennis muilenburg" Discussed on Wall Street Business Network AM 760
"We pillar in the clouds not describes borrowings jets and stock price over the past year and that's due in part to see your dennis muilenburg he took over the airliner in 2015 turning the company unapologetically hardnosed judy johnson wrote this week about how burying his sees the skies and she joins us now duty we all know the name boeing huge us company just describe its relative importance and who they are today we think we know boeing they've been around for a hundred years but in year 101 they've overtaken chain aid to become the largest and most powerful us industrial company and they have really started to shake up the marketplace in ways that weird just now exploring and whose effects we ultimately don't know much of this is to do with the new ceo i mean i called him new he's been around since 2015 dennis muilenburg i mean you describe dimissed heading unapologetically hardnosed under his reign pull you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic but again he he just he has this goal of making bowling a global industrial champion sort of a 1990s era g e that everybody looked up too and he he is you know his foot is on the gas this is a company right now the that seems determined not to let out so i think in some in some reflect regards companies reflect their leaders and so that might be true of what we're seeing it bullying today i mean the share prices doubled since january of lost here it's the the best performer in the dow so investors kaley rewarding them at this stage they're happy yes absolutely and one of the things that's kind of fascinating has g e has imploded for shareholders who want to have large industrial stocks and in their portfolio boeing has sort of become the only game and i think that boeing has in terms of their share price benefited from it disley from the turmoil at g e but at the same time it sort of reflects the.
"dennis muilenburg" Discussed on Bloomberg Radio New York
"We can be oh in the clouds that describes boeing's jet and stock price over the past year and that's due in part to see your dennis muilenburg he took over the airline him in 2015 tanning the company unapologetically hardnosed julie johnson wrote this week about how boeing has seized the skies and she joins us now julie we all know the name boeing huge us company justice grime bates relative importance and who they are today we think we know boeing they've been around for one hundred years but in year 101 they've overtaken g eight to become the largest and most powerful us industrial company and they have really started to shake up the marketplace in way as that we're just now exploring and whose effects we ultimately don't know how much of this is to do with the new ceo i mean i call him new he's been around since 2015 dennis muilenburg i mean you described them as turning unapologetically hardnosed under his reign but you know he's very i think boeing has always been a tough competitor but dennis is he's he is i'd say very driven personally extremely charming in person and charismatic but again he just he has this goal of making boeing a global industrial champion of the 1990s erode g e that everybody looked up to and he he is you know his foot is on the gas this is a company right now the that seems determined not to let up so i think in some in some reflect regards companies reflect their leaders and so that might be true of what we're seeing at boeing today i mean the share prices doubled since january of last year it's the the best performer in.