dave calhoun has been on the board since 2009. he has been there a long time and this is a company that is desperately in need of rush perspectives. who should they get to bring in that fresh perspective? there'll be a lot of eyes directed towards larry culp given the turnaround he is been able to orchestrate at ge. i do not know if you would be interested in this because he is a great job in edd -- because he has a great job at ge. that is the type of person you need to get in there and focus on manufacturing that is the heart of what boeing does. they got off course as far as i am concerned and you need somebody to produce airplanes that do not have any defects. jonathan: how do you meet that with the need for industry knowledge? i am looking at the change for commercial knowledge. stephanie pope has been named. what you make of that transition? brooke: that is another one where it was not tenable to keep the management in place running the commercial airplanes division because that is a lot of the problems were from. you are se

you have the chief executive, dave calhoun, i going on.- executive, dave calhoun, whose to step down at the end of this year. his department as part of this broader management shake—up and you also have stern deal, the head of the division that makes the plane for commercial customers, he will retire immediately and is going to be replaced by stephanie pope. meanwhile you've got the company also announcing its chairman will not stand for election to the board. why is this all happening? because boeing is grappling with its most significant safety crisis in years. it's a crisis that has left its customers frustrated. last week a group of us airline ceos sought meetings with boeing directors to express their concern over what has been going on, starting recently with that alaska airlines incident. that was when a door plug fell out. it is an unusual sign, you don't typically see that frustration with the manufacturer and i think this was an attempt by management to try and restore faith. i was an attempt by management to try and restore fait

make some decisions and when we talked to dave calhoun he talked about that and we'll hear from him in just ray bit and his departure he leaves until the end of the year and one of three moves that were announced today dave calhoun remains ceo through the end of the year. he retires through the end of the year larry kellner, chairman of the board resigns immediately and stan deal, he has stepped down you have three major jobs that have changed quickly here's dave calhoun talking about the focus now being on the board of directors and what it does next. >> this is a long, very long cycle business and nobody is more aware of the mountains that have been climbed and the remedies that have been put in place than the board they want to go at the right pace and they want to do it the right way and they want to do it with real foresight and they want to see people demonstrate capabilities and position. so that set of moves that we just talked about in my view puts them in the very best position to make those decisions over the remainder of this year and be ready to go in the beginning of n

ceo dave calhoun steps down end of this year get to phil lebeau standing by with dave calhoun.his completely your decision? >> yeah. first of all 100%. why now? i've entered my fifth year end of this year i'll be close to 68 years old. i've always said to the board and the board has been very pre prepared i would give them plenty of notice so they could understand and plan succession in regular order that's what this is about. it's me giving them notice that end of this year i plan to retire and then, them taking the actions that they've taken i'm actually very proud of the way the board has handled everything very deliberate. the move with larry, in my view, very deliberate. the entry of steve as new chairman very deliberate all very qualified and great decisions. >> if you're going to be leaving, some will say, why not just leave now why wait until end of the year >> we have another mountain to climb. let's not avoid what happened with alaska air. let's not avoid the call for action let's not avoided changes we have to make in our factory. let's not avoid the need to slow dow

——in a letter to staff, dave calhoun. there and as she mentioned, mr calhoun was brought in in early 2020 after another safety crisis. ed pierson is the executive director at the foundation for aviation safety, and is also the former senior manager at one of boeing's 77 factories in the us. he said mr calhoon had no success at boeing. i he said mr calhoon had no success at boeing.- he said mr calhoon had no success at boeing. i think he “ust not success at boeing. i think he just got out _ success at boeing. i think he just got out of— success at boeing. i think he just got out of the _ success at boeing. i think he just got out of the gate - success at boeing. i think he just got out of the gate and l just got out of the gate and there were failures right away. ——mr calhoun. remember he was part of the old team, on the board of directors for ten years. he was there when the two crashes occurred. i don't think he has been successful at all. ~ . ., , , think he has been successful at all. ., .,, , ., ., all. what does this

calhoun is stepping down. the pain maker says his resignation is part of a wide and management shakeup to major crashes and the series of technical failures have cost out ongoing safety procedures. a true aviation giant. but boeing has been under increasing scrutiny from regulators and customers over quality control. when a panel do off a 737 max jetliner during the alaska airlines flight in january, the pressure on dave calhoun began to tell calhoun who spent much of his career of general electric. and it's been on the board of boeing since 2002 always pushed the message that it's planes were a safe place. we believe in our forties. we feel the safer planes. our people do. you have confidence of the safety of our planes. and that's what all of this is about. not everyone shares, calhoun, confidence, and discussions about our leadership change have been going on for some time. housing and stepped in as boeing's chief executive to deal with the crisis. the crashes of 2737 max planes, in 20182019 that killed 346

you catch up >> that's dave calhoun this morning. who will replace dave calhoun when the new ceo is named? that's up to steve mollen cop and the new board of directors one other note, scott. boeing and spirit eaerosystems, they are moving closer to getting a deal done. scott, back to you >> appreciate that, phil lebeau. thank you very much. we're just getting started on "closing bell. up next, reddit surging, popping about 20% today, following its big market debut this week what might this signal about the health of the ipo market we'll discuss that with lo toney. we are live from the new york stock exchange and you're watching "closing bell" on cnbc. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you ca

this extends well beyond dave calhoun and the company. greenberg on the street and a cnbc contributor. always good to see you. your view is that dave calhoun, will be leaving, this is not really his mess, is it? it predated him, well, the seeds were planted before he came in. >> what a mess. you can say this goes back at least 20 years. probably more than that. remember, you had a revolving door of ceos for 20 years here. during that time, it was actually a cleanup from five over there when the company acquired mcdonnell douglas. at some point, if you go back and you look, about 2005 hen james mcneary came in, he was the former ceo of -- people love the company during that point of time. you can also see, there is a chart that i actually put up. you can actually see the amount of money they started just throwing the shareholders, trying to create shareholder return so they could pave the way as opposed to the money they put back into the business. you can see during the time, the stock went up, shareholders were happy. but what happened?

dave calhoun will step down as ceo as the company grapples with crisis. however calhoun will stay on through the end of 2024 and have a say in who his successor is. chips under pressure. after china has adopted new guidelines, designed to limit the use of u.s. microprocessors and intel and amd shares fall. in spring break in full swing. we will check in with priceline ceo brett keller about the state of revenge travel and how the outlook compared to last year. ♪ >> welcome to bloomberg markets. a look at markets on this monday morning and it is a sea of red behind me. we are talking about huge downdrafts year, the s&p 500 currently off by about 2/10 of 1%, even more so if you go down the list. those big tech names, that benchmark under pressure as well, currently off by about half of 1% and a love that ties back to what we are seeing in the chips face with intel and amd which we will discuss. the philadelphia semiconductor index currently off by about 6/10 of 1%. but we want to get back to boeing, one of the big stories today after announcing sweeping man

and then use of the people will review spelling, chief executive, dave calhoun is stepping down. the pain, the plane makers says this reservation is part of a why didn't management shake up. 2 major crashes and a series of technical failures have cost doubts and boeing safety procedures. a true aviation giant, but boeing has been under increasing scrutiny from regulators and customers over quality control. when a panel do off a 737 max jetliner during the alaska airlines flight in january, the pressure on dave calhoun began to tell calhoun who spent much of his career a general electric. and it's been on the board of boeing since 2002 always pushed the message that it's planes were a safe place. we believe in our place. we feel the safer planes. are people do we have confidence of the safety of our planes. and that's what all of this is about. not, not everyone shares, calhoun, confidence, and discussions a better leadership change have been going on for some time. told him and stepped in his boeing's chief executive to deal with the crisis. the crashes of 2737 max planes, in 201

dave calhoun says though he is leaving in on --'s terms. >> i will be close to 60 years old.e board has been very prepared i would give them plenty of notice so that they could understand that -- the plant succession in regular order. and that's what this is ab about. >> dave calhoun was dragged in front of congress to answer questions. has taken full responsibility for the quality issues and has said the company has to do better but dave calhoun the not come from a plain engineering background. is a financial guy coming from general electric and then blackstone group before that. he was elevated to ceo after the boeing group of directors in 2020 after 2 fatal crashes of max 8 claims called 2046 people and caused boeing in $2 billion in payouts victims and the government finds. he was on the board ten years before that. know a replacement for calhoun had not been named yet but we know that stephanie pope will replace larry kellner at the head of the commercial pain division and steve mullen coupled take over as a board chairman but, you know, charles is in the second major ma

the ceo dave calhoun be stepping down at the end of the year.atrina nicholas leads asia transport coverage. given the size and the scope of the issues facing boeing, do you think that this shakeup was inevitable? katrina: i think boeing's customers finale got what they have been after for quite some months now, is leadership shakeup at the lien maker. we are hearing that this was after the ceo of boeings three largest customers, united airlines and others, first boeing directors last week for a meeting where they could air their concerns with the ceo dave calhoun present, and that is according to people familiar with the campaign. pretty chilling that their largest customers wanted to meet with at top man of the job there. these leadership changes were formalized over the weekend. but really, these things have been in the works and been discussed hiding the scenes for months after this catastrophic incident on the alaska airlines jet in early january that really pushed boeing into a trash crisis that has been ongoing. the directors wanted the ov

dave calhoun came into power. now he is leaving as the result of another incident on the maxilla in this feels like a complete decapitation of the top layer of management at boeing p, i guess one question is, dave calhoun says he intends to step down by the end of the year it's still march that leaves a lot of months here between the end of the year. can he even last that long >> that's a great question. and you know, i think workers at the boeing plant in renton, washington to the cell under the microscope, not only by the top brass of billing, but also by the faa and the ntsb will have that question to they have had the pressure put on them with a day-long safety stand downs there at boeing. a lot of criticism about the type of work that they do on the line. and there's been a lot of question about whether or not there was proper documentation for this door-plug work that took place at the boeing factory, some work needed to be done near the door-plug. they removed the door plug and then it was clearly not prope

the aerospace company announcing this morning ceo dave calhoun will leave his position by the end of the year bones chairman larry kalmar in the commercial airplane unit also outstripped the shakeup after five years of problems with airplanes including two fatal crashes involving 737 max in 2018 and 2019th that combined the two crashes killing 246 people and then the recent door close and flew out the side of in alaska 737 max midflight in january. the problems to think a big members of congress including the chair of the senate committee science and transportation said there will be further congressional action on this. grady trumbull, live our d.c., i'm guessing they're not buying the changes are solving all the problems. >> we don't know, that something i've been trying to get the answer to, they want dave calhoun to come to washington to testify before the commerce committee. i reached out to the chair of the meeting and ranking member, democrat and republican and a desk, you want to hear from him knowing he's departing the company? we have not heard back from either side but thi

and then, them taking the actions that they've taken >> boeing's dave calhoun says he's stepping downs ceo. good monday morning, welcome to "squawk on the street. i'm carl quintanilla with jim cramer david faber has the morning off. premarkets red on this final q1 and plenty of activity for a holiday-shortened week and at least three firms eyeing higher year-end s&p targets our road map begins with boeing, dave calhoun stepping down at year-end the eu launching a probe into big tech, going after meta, apple and alphabet >>> the dow and the s&p posting their best weeks of the year let's begin, though, with the shake-up at boeing in the wake of that company's safety crisis. jim, we heard calhoun with phil, and you said, as predicted >> i just spoke to david i think this is something that kind of had to be done not forced, necessarily, but the idea that they have to pick someone new. david's going to stay until the end of the year. it's a long-cycle business, that makes sense. but you get someone new in there, maybe you get a little heat i think that the faa is charging -- every single m

does it mean that dave calhoun is going to be leaving? who knows.y may be saying, look, we're going to make even greater changes, but it's clear, the customers now have the attention of the board of directors of boefing, and that's what these meetings are about next week. >> is there -- are there any executives that come to mind, phil, that could be a future boeing ceo? are there any obvious names to you? >> there are some obvious names out there. i'm going to refrain from saying anything, but that implies that they are looking for a ceo, but look, when you have a company like boeing and you have an industry like the airline and the aviation industry that has a slew of very talented and capable executives, yeah, there's some possibilities out there, both within boeing and outside of boeing, and again, this is not to say that dave calhoun is going to be replaced. >> right. phil, thank you. f >> you bet. >> all these airline ceos, they want their pound of fresh, i'm sure, mike. is it going to be in the form of dave calhoun's head? >> yeah, i mean, loo

george, what is interesting to me here is that dave calhoun, boeing ceo, he is going to stay on through end of 2024 and you will have a say in who his successor is. what do you make of that? to me that seems a little unusual. >> it seems a bit long to us too. what i make from it is that the board is kind of flat-footed on the search for a ceo. i don't think they were thinking along those lines. my guess is they met with airline ceos in the last week without the ceo there, without dave calhoun there, and i think the airline ceos may have impressed upon the board that really to restore confidence fully and boeing, they need to think about a change of the very top and a change of commercial airplanes. i think the timing of bringing a new ceo on really snacks of them not having even started that process yet. >> we heard from ryanair ceo earlier saying that he welcomes a much-needed boeing management change, so to your point of course, the airlines coming out here. but talk to us about who it could be. of course that is the natural next question here about who is going to be the next ceo bec

boeing, a headline story, and the issues with dave calhoun deciding to step down, seems to be somethinghat may take a long time to execute with capacity across the sector industrials are sliding by itv is weaker today. construction is drifting we have given up a fraction with healthcare and financials. to the upside, real estate is a slight arrow to the upside the retail basket of stocks we have been talking about with atos and h&m it is up .10%. autos with porsche moving into the green. stellantis and renault are early move movers interesting yesterday with the moves across the board stateside, that the banks were resilient. not suffering in weakness. the sector was still positive. we are seeing that reflected this morning let's look at the index level. the ftse is weaker and we have slipped be low the 7,900 territory. stocks in france snapping a losing streak. nowputting on .10% the dax is also leaning positive not much strength, but tracking all-time highs and we remain in that territory this morning. ibex from spain is positive. same, too, for the swiss market. >>> atos has withdraw

you spoke one-on-one with dave calhoun, what did he say. >> reporter: it's the right time.pressure has been building not just on dave calhoun but the board of directors to make some concrete changes to put in steps that they can show their customers, show the regulators we understand the significance of the moment, we're putting in a reset if you will, so that will include a new ceo at the end of this year or maybe before that if they find the right candidate, but david calhoun is retiring at the end of this year. a new chairman of the board in charge of the ceo. stephanie pope moves up from the coo position and she's going to be in focus, because it's the commercial airplane division at the heart of the problems at boeing right now, and this morning when i talked to dave calhoun, we talked about the importance of the moment and making it clear that boeing needs to tackle the challenges in front of it. here's what he had to say. >> let's not avoid what happened with alaska air, let's not avoid the call for action, let's not avoid the changes that we have to make in our fact

now under pressure, boeing's dave calhoun says he'll leave by year's end. after five years of crisis and groundings involving two max 8 crashes that killed 346 people, the max 9 door plug blowout and quality control breakdowns across boeing. >> we're going to get ahead of all of the issues with the faa and way more importantly our own people bring to our attention, and we'll get ahead of it. that will happen. >> reporter: it comes as the company is the focus of criminal, ntsb and faa investigations. last week faa chief mike whitaker told lester he was surprised during meetings at boeing that their priorities seemed to be production, not safety. >> i think it really shows how the mindset has been on production. and i think you would have expected at least more of a show of focus on safety. and that was lacking. >> reporter: calhoun responding today. >> i recognized exactly what he was talking about because i heard it from all of our own people. >> reporter: airline confidence in boeing has also been shaken following the door plug blowout. >> it makes you mad

next, a boeing bounce, shares of the aerospace giant rising 4% after announcing that dave calhoun will leave the company by the end of the year will new leadership get the company back on track? massive move for micron as it blocks the seventh day of gains and bitcoin breaks higher and takes the rest of the crypto space with it and reddit, we'll dive into the pits i'm melissa lee coming to you from the nasdaq. on the desk, tim seymour, dan nathan and guy adami we start with disney's proxy battle royale. just a week away, nelson peltz trying to find management to secure seats on disney's board just today it said it was withholding its vote from bob iger, a move that contrasts the recommendations and peltz's public statement and since he reignited his proxy battle for the kingdom in october, shares soared nearly 44%. barclays raising the price target to $135 that's on shares is up 3% to the highest close since august 2022. it is now nearly a dollar above the average analyst price target on the street. barclays, is right does disney shares go higher from here? tim, what do you think share

now the boss, dave calhoun, says he's stepping down.cidents involved in the 737 max, in ethiopia and indonesia, in which 346 people died. mr calhoun promised change, but critic says that hasn't happened. he had opportunities to make changes as a member of the board. certainly in a ceo position it has been one failure after the other so i can't say there's been really any successes under mr calhoun. humanitarian worker sam pegram died when the ethiopian plane crashed. not only does poor safety kill people, but it is pretty damming for the share price and the careers of ceos as well, so let's get somebody who can put focus on where it matters and make planes safer for everybody. in a letter to workers, mr calhoun said... "the alaska airlines accident was a watershed moment for boeing. we must continue to respond to this accident with humility and complete transparency. " his successor will need both qualities if they are to pilot the aerospace giant back in to less turbulent skies. theo leggett, bbc news. the cost of the gas and electrici

jonathan: if the latest now, dave calhoun saying he will step down at the end of the year.ys after major airline ceos turned up the pressure, demanding answers after a number of in-flight incidents. for more, i'm pleased to say we are joined by bob crandall the former american airlines d.l. and chairman. bob, you are a legend in the industry and we got a lot to talk about. i want to start with this issue first and foremost, owing. your experience, and what you think changed in the last decade or so. >> i wish i knew the answer to that, and i suspect dave calhoun wishes he knew the answer as well. during the time that i dealt with boeing, they were a very reliable supply. they built a great airplanes and they did a great job servicing those airplanes, and in every case where we had any kind of a disagreement or a problem, they stepped up and were very responsive. my experience with boeing has been that it is a great company and of course everybody in america is worried about what happened. the people that are running the airlines these days, the ceos and major carriers are g

now the boss, dave calhoun, says he's stepping down.was appointed at a desperate time for the company. bad design and corporate failures had been blamed for two tragic accidents involving the 737 max — in ethiopian and in indonesia — in which 346 people died. mr calhoun promised change but critics say that hasn't happened. he had opportunities to make changes as a member of the board. certainly in a ceo position, it's been one failure after the other, so i can't say there's been really any successes under mr calhoun. humanitarian worker sam pegram died when the ethiopian plane crashed. not only does poor safety kill people but it's pretty damning for the share price and the careers of ceos as well, so, let's get somebody who can put focus where it matters and make planes safer for everybody. in a letter to workers, mr david calhoun said... his successor will need both qualities if they're to pilot the aerospace giant back into less turbulent skies. theo leggett, bbc news. plenty more on this story including the news analysis on the bbc

first up — it's all change at boeing — the plane—maker has revealed that its chief executive dave calhoun the end of this year. the company also said the boss of its commercial airlines division will retire immediately, while its chairman will not stand for re—election. the firm is under pressure after a door panel on a plane blew out in mid—air injanuary. no—one was injured during the incident, but the firm's safety record has come under renewed scrutiny. let's get more now from john grant, who's an independent aviation analyst. change at the top often follows this sort of thing — but does it address the technical issues and safety? they have been these underlying issues with the technical they have been these underlying issues with the technical side they have been these underlying issues with the technical side of things. do you think this will convince people? it things. do you think this will convince people?— convince people? it marks a fundamental _ convince people? it marks a fundamental change. - convince people? it marks a fundamental change. we . convince people? it marks a | f

the boss — chief executive dave calhoun — has said he will step down by the end of the year.ivision will retire immediately and its chairman will not stand for re—election. this all part of the continuing fallout after an unused door blew out of a boeing 737 max injanuary shortly after take—off. chris roebuck is a business leadership expert from university college london. he says the company may need a fresh perspective at the top. this goes back at least five, six years where they've had leadership failures, they've had process failures, and then calhoun comes in and he's supposed to change it all, and it hasn't. and we get to the point where, you know, most of us, when we even get flatpack furniture, we know we have to put all the screws and bolts in the right places and do them up. you know, it's not rocket science. but he wasn't able to change it. and i think the point is that maybe he's been in boeing too long. and there has been this tension between the engineers who want to do the engineering right and the people on the management side who want to push the planes throu

. >> aishah: a major shakeup at beauing and dave calhoun stepping down after facing several lawsuits investigations into quality control and the safety of its planes. dan springer is live in seattle so, dan, why is this announcement coming out today? reporter: well, aishah, if you believe dave calhoun, it's because he told the boeing board of break torrs this morning he wanted to retire from the company by the end of this year and says he was not forced out but this was his decision but a lot of people saying that's probably not the case and it's been in the works for awhile. calhoun under intense pressure since early january and he was forced to answer questions at congress and he repeatedly took responsibility for a series of quality issues and the big one of course was january 5 when a door plug blew off a 737 max 9 and going for california and thankfully nobody was hurt and the scare triggered investigations by the national transportation safety board. the federal aviation administration and the justice department and ntsb said four critical bolts were missing and boeing has no r

calhoun is stepping down. the pain maker says his resignation is part of a wide management shakeup to major crashes and a series of technical failures have cost out on boeing's safety procedures. a true aviation giant. but boeing has been under increasing scrutiny from regulators and customers over quality control. when a panel do off a 737 max jetliner during the alaska airlines flight in january, the pressure on tape, calhoun began to tell calhoun who spent much of his career a general electric. and it's been on the board of boeing since 2002 always pushed the message that it's planes were a safe place. we believe in our forties. we feel the safer planes. our people do. you have confidence of the safety of our planes. and that's what all of this is about. i think not everyone shares, calhoun, confidence, and discussions about our leadership change have been going on for some time called him and stepped in as boeing's chief executive to deal with the crisis. the crashes of 2737 max planes, in 20182019 the kil

o dave calhoun is to step down by the end of the year. applying manufacturer assess his resignation as possible by the management shakeup. i think his face increased scrutiny following a series of safety incidents caused by mechanical issues. russia says its forces have down 11 drive is launched by ukraine of the region of rust of caves, increasingly relying on drones and its fight against russia to make up for his lack of october, re power unmanned aircraft, effective of destroying russian defensive positions. the minute you have a list of one that drones a low won't be enough to win this will ukrainian soldiers are instructed in how to operate drones on the battlefield and increasingly valuable skill in the nation's defense against russia. in the absence of expensive ammunition drums, which can cost just a few $100.00 euros apiece, have played a crucial role in ukraine's ongoing defense. the 1st person view devices allow the pilots to see live images of the ground as if they were on board. and those onto the explosives can attack, can any positions from kilometers away? there are 2 i

now the boss, dave calhoun, says he's stepping down.was appointed at a desperate time for the company. bad design and corporate failures had been blamed for two tragic accidents involving the 737 max — in ethiopian and in indonesia — in which 346 people died. mr calhoun promised change but critics say that hasn't happened. he had opportunities to make changes as a member of the board. certainly in a ceo position, it's been one failure after the other, so i can't say there's been really any successes under mr calhoun. humanitarian worker sam pegram died when the ethiopian plane crashed. not only does poor safety kill people but it's pretty damning for the share price and the careers of ceos as well, so, let's get somebody who can put focus where it matters and make planes safer for everybody. in a letter to workers, mr david calhoun said... his successor will need both qualities if they're to pilot the aerospace giant back into less turbulent skies. theo leggett, bbc news. plenty more on this story including the news and allow —— analysi

calhoun is to step down by the end of the year. the plane maker says his resignation is part of a wide and management shakeup. boeing has come on the spotlight following a series of safety incidents caused by technical failures. is that a goal is government? well, so sorry. you sent a goal is a governing coalition rather has. congratulations, the opposition candidate. pass through g o my fi on winning the 1st round of presidential elections, authority, se official results will be announced in the next few days. or some president vladimir putin has said for the 1st time that radical islamists carried out the attack on a constant hole near moscow boots and previously blaine to crane for the assault, which killed 139 people. i sis k, part of the so called this nomic state says it was behind the attack. some of those allegedly involved in the killings have been charged with terrorism of the one after another. the suspects are dragged into a course in the russian capital. investigators say all of them have confessed of carrying out frid

more please, earnings, c, e o dave calhoun is to step down by the end of the year. applying manufacturing associates resignation as part of a wider management shaken, boeing has faced increased scrutiny following a series of safety incidents caused by mechanical issues to russia. and after initially pointing the finger i q crane i president approved to now says a radical islamist carried out fridays attack on a concert. told him in moscow in which at least 157 people were killed. the russian president statement comes days after repeated claims of responsibility by i says k, i is this case a branch of a so called is lumnick state based enough comics done that claims have been borne out by a french and us intelligence sources. is the russian president as me is names to there's probably as soon as we know the crime was committed by radical islamists who follow an audiology. the, as on the quote itself has been fighting for centuries, maybe human services. we're also seeing that the united states has been using various channels to convince the satellites and other countries that according to

remember dave calhoun became boeing ceo after the 2737 max crashes of 2,018.20, 193.46 people killed nobody died in the january 5, alaska let's get airlines door plug blowout, but it exposed a huge quality control issue at boeing. calhoun said this in his message to employees, quote, as you all know, the alaska airlines flight 12, 82 accident was a watershed moment for boeing. we must continue to respond to this accident with humility and complete transparency there is some surprise in the aviation community that calhoun is not leaving immediately. his resignation takes hold at the end of the year, but calhoun notes, there are these investigations taking place, not only the ntsb investigation that found boeing workers did not re-install the door plug bolts of the factory and renton washington, but also the faa audit of boeing quality control and a department of justice investigation to see if passengers on that flight may have been victims of a crime. the timing is telling and just last week, a boeing reported a financial loss, a huge financial loss in the first quarter boeing has lo

calhoun, is to step down by the end of the the plane manufacturer. it says these resignation is part of why did management shake up. boeing has faced increased scrutiny after a series of safety incidents close by mechanical issues for man charged over fridays concert whole attack. they most of being held in cost of a waiting trial on terrorism charges, at least $137.00 people were killed in fridays, a sold the deadliest on russian soil for 2 decades. france has joined the united states and saying it's intelligent suggests the attack was carried down by a branch of the circle is by mistake based in afghanistan, known as ices. k. the kremlin has so far, refused to comment on the lakes one after another. the suspect said dragged into a court in the russian capital investigator say, all of them have confessed to carrie. now it's friday's attack. inside a most cool concert, whole fi do is have emerged in social media is suggesting some of the group were tortured, well in custody. one of them brought in directly from hospital in a wheel chair. all 4 suspec

chair replaced in wake talking about the crisis around the 737, dave calhoun said going to step downt shake-up for embattled company chairman of the -- board kilmer resigning going to leave the board at boeing's annual meeting this may and president ceo of boeing airplanes leaving immediately, cleaning house around 737 people are afraid to fly what is your take on boeing news? would you look at this as a reason to actually get comfortable owning the stock? >> -- yes. i am amazed that it took this long, all of the -- all of the news has been negative, prior to calhoun, now with him there is not done anything to repair the problem, improve morale change culture i think bullish for the stock up he will modestly in premarket up a couple percent but i think this is where you let it settle then step in, we owned it we got out when they will eliminated the dividend, with all the problems. but because it has such a mode around it stock price much higher than it should be, if we were in a very competitive sector of the market but we're not. so this against who they hire i would wait to see th

now the boss dave calhoun says he's stepping down.appointed at a desperate time for the company. bad design and failures had been blamed for two tragic accidents involving the 737 max. in ethiopia and indonesia 346 people died. mr calhoun promised change but critics say that hasn't happened. critics say that hasn't happened-— critics say that hasn't hauened. . ., , , happened. he had opportunities to make changes _ happened. he had opportunities to make changes as _ happened. he had opportunities to make changes as a _ happened. he had opportunities to make changes as a member. happened. he had opportunitiesl to make changes as a member of the board. certainly in a ceo position is been one failure after the other. i can't say there's been any successes under mr calhoun. humanitarian worker died _ under mr calhoun. humanitarian worker died when _ under mr calhoun. humanitarian worker died when the _ under mr calhoun. humanitarian worker died when the ethiopian | worker died when the ethiopian plane crashed. hat worker died when the eth

chief executive dave calhoun, the chairman of its board, and another top executive have all said theyill leave the firm, that is facing a safety crisis. he has been under pleasure since the panel on boeing plane blew off in mid—january. two other senior executives are also leaving the company. theo leggett has more. a terrifying moment for passengers as a door flew off a brand—new alaska airlines boeing 737 max eight january. the incident plunged boeing into a crisis, raising questions about its attitude to safety. now the boss, dave calhoon, says he is stepping down. he was appointed at a desperate time for the company. bad design and corporate failures had been blamed for two tragic accidents involving the 737 max, in ethiopian and in indonesia in which 346 people died. mr calhoon promised change but critics say that hasn't happened. yet opportunity _ that hasn't happened. yet opportunity to _ that hasn't happened. yet opportunity to make changes as member of the board. —— he had opportunities. it has been one failure after another so i can't say there has been any successes under d

nothing official at this point aside from saying dave calhoun and stan diehl are supportive of any meetings kelner and board members and customers to discuss how boeing can do a better job. that's the story what we can expect happening next week as part of a listening tour with larry kelner, chairman of boeing's board and board members and boeing's top customers. >> thank you. take it from here. interesting in the share price for today, still hanging on in the green. major averages rallying fourth straight day following the fed's plans to stick with its forecast of three rate cuts by end of this year. here we reaction, cio of global fixed income at blackrock. good to see you. thanks for joining us. >> thank you. >> when can we expect the fed to make the first cut? >> i think the market consensus going into the fed was june. i don't think we learned much different around that. you know, a couple comments yesterday that when the chair talked about, we're trying to hit the inflation target. actually said we are going to hit the target over time. we're still running above trend and inflation. y

look at boeing which is heavily sold after all the problems it faced, the news that dave calhoun willat the end of this year, that is good for a six-point bounce, boeing shy of $200 a share. you look it up for 23, the two years so well about four and half% you're looking at for 61 as of now. oil continues to be $80 a barrel and more, 81, gas that is moved above the 350 level, regular average 353, diesel 4.04, bitcoin not the action modest recovery $67000 per coin as we speak. house republicans and chaos after resignations. the majority is down to one. marjorie taylor greene challenging speaker johnson. biden signed the 1.2 trillion dollars spending bill in the dead of night. on the show today and outpouring of support for the royals at the princess katherine's medical video there are questions in the house of commons of chinese misinformation that fueled the wild conspiracy theories. medical experts believe that princess likely has colon cancer. isis terrorizes moscow, the claimed responsibility for the attack and they put out a video of the attack took place. now we have a tear group

dave calhoun says he will leave the company at the end of this year.es after a series of questions regarding the quality of the planes manufactured by boeing. scrutiny intensified after a door plug lou out of a nearly new boeing 737 max nine back in january. chairman of the board and ceo of boeing commercial airplanes are also leaving the company. >> countries largest real estate agency is trying to ease concerns about how agents can earn their commissions. -- held a nationwide webinar to help nations understand a court settlement involving the national society of realtors. right now -- starting in july the buyer may be responsible for their agent's fee. some realtors say the new rules are confusing and they worry they may see a drop in income but today they learned it's not impossible to navigate. >> it will require more negotiation on behalf of both of the sellers and buyers agents to understand the new business practices that will be adopted. >> agents say they are also worried about what could made for buyers and they face sentient agents commissio

the departure of dave calhoun is after nearly five years in a row. calhoun and boeing are working to make changes in the series of safety incidents. recently a door plug flew out of a side of a 737 max jet. in january the problem led to multiple groundings and more than $31 billion in losses. >>> ahead, streaming on cbs bay area, horrifying moments in northern california. two brothers attacked by a mountain lion. what authorities are saying. >>> why bay area singles are ditching dating apps and turning to an old school method to find love. >> a live look outside before break. a beautiful shot of the city on this monday. we'll be right back. you're looking at some real jack in the box haters. yeah, they exist. they have no idea they're about to try my new smashed jack. this is good. it's very fresh. i like the sauce. i'm a saucy woman. probably not the best. not the best... she came in a white sedan. tow it. almost like a flavor bomb. i don't think it's a fast food hamburger. this is more like homemade. -it's me! -ahahaha! oh shoot, jack! if this is y

dave calhoun says he will leave the company at the end of this year. his comes after a series of questions regarding the quality of the planes manufactured by boeing. scrutiny intensified after a door plug lou out of a nearly new boeing 737 max nine back in january. chairman of the board and ceo of boeing commercial airplanes are also leaving the company. >> countries largest real estate agency is trying to ease concerns about how agents can earn their commissions. -- held a nationwide webinar to help nations understand a court settlement involving the national society of realtors. right now -- starting in july the buyer may be responsible for their agent's fee. some realtors say the new rules are confusing and they worry they may see a drop in income but today they learned it's not impossible to navigate. >> it will require more negotiation on behalf of both of the sellers and buyers agents to understand the new business practices that will be adopted. >> agents say they are also worried about what could made for buyers and they face sentient agents c

dave calhoun hasn't been in charge of boeing for that long, just since 2020, took over as chief shortly after those two fatal 737 crashes, only to then be in charge as that door plug blew off another 737. here he is speaking to our colleagues at cnbc moments ago. >> if you're going to be leaving, some will say, why not just leave now? why wait until the end of the year? >> we have another mountain to climb. let's not avoid what happened with alaska air, let's not avoid the call for action, let's not avoid the changes that we have to make in our factory, let's not avoid the need to slow down and let the supply chain catch up. we will get through that. we will get through that, and i've committed myself to the board to do exactly that. >> the feds are treating the door plug incident as a crime, not intentional, perhaps, but negligence. as you recall, a part of the wall of the bulkhead gave way because of missing bolts in a plug placed where an optional door could be installed. it drew worries to the culture at boeing, which many say was ruined when boeing bought douglas back in '87. calho

. >> boeing president and ceo dave calhoun says he is stepping down. >> why now, i've entered my fifth year. the end of this year. i'll be close to 68 years old. >> calhoun's announcement coming after a string of scares in the sky. multiple involving boeing 737 max planes back in january, a door plug flew off the plane, terrifying passengers on an alaska airlines flight. and in 2018 and 2019, before calhoun was ceo, two deadly crashes off the coast of indonesia and in ethiopia left more than 300 people dead. there have not done anything to repair the problems, improve morale, change the culture. these incidents, plus others close calls, have prompted the federal aviation administration and congress to scrutinize the flying industry. the faa even paused boeing's expansion of its 737 max planes, and found that the company had quality control issues. >> this should be able to be brought under control. i'm hoping the carriers have the backstop of excellent maintenance programs to provide the comfort of the public. >> wall street is also keeping an eye on the embattled company, while boeing

. >> the ceo of boeing stepping down, dave calhoun will leave the company at the end of the year. part of a management shakeup. chairman of the board, resident and ceo of boeing commercial airplanes are leaving the company, departures, as airlines and regulators are increasing calls for major changes after a host of issues with boeing planes. the scrutiny intensified after a door plug flew out of a nearly new boeing 737 max nine minutes into the alaska airlines flight in january. >> we have another mountain to climb. let's not avoid what happened with alaska. let's not avoid the call for action. let's not avoid changes we have to make within the factory. let's not avoid the need to slow down a little bit. >> calhoun was appointed to the top job in 2019 and took the helm in 2020 after the company ousted its previous ceo for his handling in the aftermath of the deadly 737 max crashes. >>> microclimate weather and we are drying out after a stormy weekend. you can see san francisco, san jose partly cloudy, partly sunny skies. we are not done yet. >> not quite yet. we did get some heav

to dave calhoun was brought in after the 737 max crashes precisely to fix the problems at boeing.hat? and how so? >> well, i don't think it's fair to say he failed. he didn't cause the crashes, and the problems that did have been fixed. but, you know, during that long shutdown of boeing's assembly line, they lost at lot of workers and have been trying to gear up production again. they've been overing taxing their work force and causing a lot of errors, and that's the problem that he gets responsibility for. i'm to not sure it's entirely a boeing problem, you know? the airlines and the airports are short of skilled workers. the defense industry is short of skilled workers. they're all competing for the same shrinking pool. so boeing probably overreached in trying to get its production up and running, but this is a bigger problem than boeing. unquestionably, there's problems inside the company too. ah. paul: so why do you think he and these other executives resigned? did they really have to? somebody have to take the fall for this in because you write in your column this week that,

ceo dave calhoun announced that he will leave by year's end after cascading concerns over quality control and safety the head of commercial aircraft is also out. and boeing's board chair will not seek reelection. the shakeup comes two months after that door plug blowout on an alaska airlines flight. now a focus of criminal and faa investigations >>> police in florida have arrested a reckless atv driver after he led them on a cross-county chase authorities attempted to stop the driver but he took off, jumping onto i-95, weaving in between cars and at one point even driving the wrong direction on the highway he finally stopped and police put him in handcuffs before taking him away in a patrol vehicle. >>> severe weather at risk in the south. nbc meteorologist angie lassman is tracking that system. she joins us now what does it mean for the east coast later this week? >> a couple days of unsettled weather. that's what it means we've still got this storm system bringing rain and thunderstorms across parts of the south this morning notice that snow across parts of the midwest. and this is what

. >>> boeing's stock climbed in early trading mondayed on news that the ceo, dave calhoun, will step the end of the year in a major shakeup with the company's leadership. calhoun has been under intense pressure since a door plug blew off a brand-new alaska airlines jet in february. federal investigators have found issues with boeing's 737 production process, including the fact that the door panel's bolts were not reinstalled after repair work. boeing's support chair and head of airplanes are also leashing the company. >>> the bird flu is spreading to dairy cows. unpast rised cow milk tested positive in texas and kansas for the virus. but the milk supplies are safe. they're only allowed to acquire milk from healthy cows and pasteurization kills viruses. >>> and don't let the government keep your unclaimed mon. the irs is reminding taxpayers there's about $1 billion in unclaimed tax refunds from 2020, and time is running out to claim it. uncle sam says 940,000 people have yet to file their 2020 tax returns, and they have until may 17th to do so. the average median refund is about $930.