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boeing announces it will buy spirit aerosystems in a bid to improve the safety of its planes. as the eu's tariff deadline inches closer, we look at the impact those duties will have on the world's number two economy. hello and welcome to business today. i'm steve lai. we start with boeing. around two decades ago, the plane maker changed the way it was doing business and began outsourcing production of some of the major components of its biggest—selling planes, like the 737 max and the 787 dreamliner. now, it's reversing course and bringing one of its biggest suppliers, spirit aerosystems, in—house. our north america business correspondent erin delmore has more on that deal. the move comes after months of renewed scrutiny on the aerospace giant, after a door plug blew off a boeing jet mid—flight in january. that followed two fatal crashes in 2018 and 2019, which killed 346 people. since then, congress, the department ofjustice, regulators, airlines and customers have demanded boeing raise its standards on safety and quality control. the change will allow boeing to have greater
boeing announces it will buy spirit aerosystems in a bid to improve the safety of its planes. as the eu's tariff deadline inches closer, we look at the impact those duties will have on the world's number two economy. hello and welcome to business today. i'm steve lai. we start with boeing. around two decades ago, the plane maker changed the way it was doing business and began outsourcing production of some of the major components of its biggest—selling planes, like the 737 max and the 787...
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boeing agrees to buy spirit aerosystems at $4.7 billion.oeing says the move to buy back the troubled subsidiary will improve safety san quac and qua control. dave calhoun says the close will happen by the end of next year. all of this as the department of justice ready to charge boeing over the crashes and the january door plug blowout. boeing has until the end of the week to submit a guilty plea. l phil lebeau will join us later in the hour. >>> concerns about the health in the market are building with the s&p 500 having the best first half to the election year in almost 50 years. however, that move has been fueled by a few stocks with nvidia and the mag seven accounting for 60% of the return. another way to look at that c concen concentration, the average stock is up 4.1% this year and the lagging is up 14%. that is the largest under p performance since 1999. let's discuss the latest with alan mcknight. >> good morning. >> great to have you here to the second half of the year. we rattled off a bunch of numbers. stocks accounting for 16% o
boeing agrees to buy spirit aerosystems at $4.7 billion.oeing says the move to buy back the troubled subsidiary will improve safety san quac and qua control. dave calhoun says the close will happen by the end of next year. all of this as the department of justice ready to charge boeing over the crashes and the january door plug blowout. boeing has until the end of the week to submit a guilty plea. l phil lebeau will join us later in the hour. >>> concerns about the health in the market...
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and bringing one of its biggest suppliers, spirit aerosystems, in—house. north america business correspondent erin delmore has more on that $4.7 billion deal. the move comes after months of renewed scrutiny on the aerospace giant, after a door plug blew off a boeing jet mid—flight injanuary. that followed two fatal crashes in 2018 and 2019, which killed 346 people. since then, congress, the department ofjustice, regulators, airlines and customers have demanded boeing raise its standards on safety and quality control. the change will allow boeing to have greater oversight and influence over spirit aerosystems, which has been criticised for its own share of quality control problems. that includes ill—fitting panels and improperly drilled holes. the all—stock deal was valued at $4.7 billion, or $8.3 billion, including spirit's debt. now it goes to spirit's shareholders and to regulators for approval. the european commission is going after facebook owner meta, saying its "pay or consent" advertising model is in breach of eu laws. under the tech giant's new ser
and bringing one of its biggest suppliers, spirit aerosystems, in—house. north america business correspondent erin delmore has more on that $4.7 billion deal. the move comes after months of renewed scrutiny on the aerospace giant, after a door plug blew off a boeing jet mid—flight injanuary. that followed two fatal crashes in 2018 and 2019, which killed 346 people. since then, congress, the department ofjustice, regulators, airlines and customers have demanded boeing raise its standards on...
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2005 boeing spun off the kansas and oklahoma operations which later became spirit aerosystems, while deal is providing some hope that but we can get the safety culture back in order and fixed investors have been suffering the aerospace giant is down about 28%. to grady trimble in washington, a new plea deal offered by the d.o.j. over two deadly crashes of the 737 maxtor. >> break this up into two parts starting with the deal which is supposed to close by mid-2025 and as you noted spirit aerosystems is a crucial supplier to boeing and it makes the fuselage for the 737 max and famously or infamously made the door plug that flew off the alaska airlines flight in january because. also works for airbus some of spirit's operations will go to the european playmaker and as part of that deal spirit will actually play airbus within five under $50 million to take over manufacturing lines related to its planes, and announcing the merger boeing ceo dave calhoun says this is an opportunity to bring back critical airplane manufacturing work on boeing airplanes into our factories were boeing and spi
2005 boeing spun off the kansas and oklahoma operations which later became spirit aerosystems, while deal is providing some hope that but we can get the safety culture back in order and fixed investors have been suffering the aerospace giant is down about 28%. to grady trimble in washington, a new plea deal offered by the d.o.j. over two deadly crashes of the 737 maxtor. >> break this up into two parts starting with the deal which is supposed to close by mid-2025 and as you noted spirit...
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spirit aerosystems declined to comment on the deal, when the bbc reached out for comment. aircraft parts to both boeing and airbus. turning to the pharmaceutical industry, where the world of weight—loss has been revolutionised by a new wave of drugs. ozempic is probably the most famous, becoming a byword for rapid weightloss among hollywood celebrities due to its appetite suppressing properties. us pharmaceutical giant eli lilly has similar offerings of its own and their popularity has sent its share price soaring. the bbc�*s sean farrington spoke to the company's boss and started by asking him how much of an impact these drugs will have on the world. obesity is known, and has been shown in surgical intervention studies, but also in lifestyle intervention, when you can mitigate obesity in adulthood, you can mitigate downstream disease at some scale. there are estimates that 40% of healthcare costs — and maybe a little more than that — of chronic disease for adults is connected directly to overweight and obesity. of course, cardiovascular disease and diabetes are the larges
spirit aerosystems declined to comment on the deal, when the bbc reached out for comment. aircraft parts to both boeing and airbus. turning to the pharmaceutical industry, where the world of weight—loss has been revolutionised by a new wave of drugs. ozempic is probably the most famous, becoming a byword for rapid weightloss among hollywood celebrities due to its appetite suppressing properties. us pharmaceutical giant eli lilly has similar offerings of its own and their popularity has sent...
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boeing finally getting that deal done to buy its supplier, spirit aerosystems.alued about $4.7 billion. there's actually a collar that are preserve that value down to 149, i believe, on boeing's stock price. the commercial jet maker is gra grappling with safety issues. phil lebeau joins us on the deal. we've been waiting some time. >> four months ago is when boeing said, we're interested in buying spirit, and a lot of people thought it would come together quickly. there's a big component of this that involves airbus. we'll talk about that in a little bit. here's how the deal is structured. boeing will be buying roughly 80% of spirit aerosystems, including three plants in the u.s. we'll talk about the most important one in just a little bit. airbus gets most of the remaining 20%, including spirit aerosystems plants in the u.s. and in ireland. the most important plant, the one that gets the most attention when it comes to spirit aerosystems is in wichita, kansas. that's where they build the 737 max fuselage. boeing wanted to buy that plant and all of spirit so it
boeing finally getting that deal done to buy its supplier, spirit aerosystems.alued about $4.7 billion. there's actually a collar that are preserve that value down to 149, i believe, on boeing's stock price. the commercial jet maker is gra grappling with safety issues. phil lebeau joins us on the deal. we've been waiting some time. >> four months ago is when boeing said, we're interested in buying spirit, and a lot of people thought it would come together quickly. there's a big component...
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a third party here, airbus, taking a chunk of spirit aerosystems. it's $8.3 billion.l value of the deal including the debt. airbus gets 20%. for boeing, the importance here, and we talked about this for months. they have to have some way to better insulate the fuselage for spirit and in tulsa, kansas. they have to integrate it for better quality control and manufacturing process and so many problems we have detailed over the last year and a half have been surrounding the facilities of spirit in wichita. they get the plant. 14,000 workers at spirit will now be part of the boeing team. you look at shares of boeing and remember this is an all-stock deal structured that way to help boeing withstand a credit downgrade. if it were to pay cash, it would be a downgrade. aero's debt would be assumed by boeing. boeing ceo dave calhoun says this is in the best interest of the flying public and customers and spirit and boeing. more broadly, this deal will not close right away. it expect to take until the middle of incnext year. i mentioned the airbus comp component. separ spirit
a third party here, airbus, taking a chunk of spirit aerosystems. it's $8.3 billion.l value of the deal including the debt. airbus gets 20%. for boeing, the importance here, and we talked about this for months. they have to have some way to better insulate the fuselage for spirit and in tulsa, kansas. they have to integrate it for better quality control and manufacturing process and so many problems we have detailed over the last year and a half have been surrounding the facilities of spirit in...
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the aircraft maker announcing that it has agreed to buy spirit aerosystems. that's one of his major suppliers in a deal valued at more than $4 billion boeing says the acquisition will make safety better. all right, let's bring in cnn's pete man teen why does boeing the leave this purchase will boost safety. >> well, this will bring more of control under boeing's roof when it comes to actually building the airplane because the company has been sharply criticized for relying too heavily on contractors and subcontractors to build major parts of each plane. >> and investigators believe it was spirit aerosystems mistake that led to the january 5 door plug blowout. spirit builds the body or the fuselage of each 737 max plane, and wichita, kansas plant. and then they're taken by trump brian to boeing's planned and renton, washington this purchase is a major part of boeing's four four-point plan to make it so that this incident does not happen again, boeing's overall plan calls for revamping training, simplifying, assembly line instructions for workers, overhauling t
the aircraft maker announcing that it has agreed to buy spirit aerosystems. that's one of his major suppliers in a deal valued at more than $4 billion boeing says the acquisition will make safety better. all right, let's bring in cnn's pete man teen why does boeing the leave this purchase will boost safety. >> well, this will bring more of control under boeing's roof when it comes to actually building the airplane because the company has been sharply criticized for relying too heavily on...
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meantime, boeing has agreed to buy back fuselage maker spirit aerosystems in an all stock deal valuedat $4.7 billion. boeing spun off the company back in 2005, but it began talks to reacquire its supplier earlier this year. the move came after quality control problems at spirit aerosystems led to safety issues with boeing's aircrafts. the most notable one included the door panel blowout in mid-air on an alaska airlines boeing 737 max nine. let's go to wall street, stocks finished higher today to start the fiscal third quarter. those gains come as investors try to maintain this strong momentum from the first half of this year. the dow up 51 points. the s&p higher 15. and the tech heavy nasdaq up 147 points today. up next gymnastics biggest star performing to one of music's biggest artists. what taylor swift is saying about simone biles stunning floor routine coming up. teen at the olympic trials last night, and her song of choice ready for it by taylor swift. it's got swift glowing with support for the most decorated gymnast in olympic history. in a video of the routine posted by nbc o
meantime, boeing has agreed to buy back fuselage maker spirit aerosystems in an all stock deal valuedat $4.7 billion. boeing spun off the company back in 2005, but it began talks to reacquire its supplier earlier this year. the move came after quality control problems at spirit aerosystems led to safety issues with boeing's aircrafts. the most notable one included the door panel blowout in mid-air on an alaska airlines boeing 737 max nine. let's go to wall street, stocks finished higher today...
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and bringing one of its biggest suppliers, spirit aerosystems, in—house.
and bringing one of its biggest suppliers, spirit aerosystems, in—house.
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spirit aerosystems supplies aircraft parts to both boeing and airbus currently.pro headset has launched in asia, arriving in stores across china, singapore, japan and hong kong. the device has been on sale since february, but this is the first time the vision pro will be available for purchase outside the us. according to reports, the mixed reality headset retails in china for roughly 18% more than its price in the us. turning to the pharmaceutical industry, where the world of weight—loss has been revolutionised by a new wave of drugs. ozempic is probably the most famous, becoming a byword for rapid weight loss among hollywood celebrities due to its appetite suppressing properties. us pharmaceutical giant eli lilly has similar offerings of its own and their popularity has sent its share price soaring. the bbc�*s sean farrington spoke to the company's boss and started by asking him how much of an impact these drugs will have on the world. obesity is known, and has been shown in surgical intervention studies, but also in lifestyle intervention, when you can mitigat
spirit aerosystems supplies aircraft parts to both boeing and airbus currently.pro headset has launched in asia, arriving in stores across china, singapore, japan and hong kong. the device has been on sale since february, but this is the first time the vision pro will be available for purchase outside the us. according to reports, the mixed reality headset retails in china for roughly 18% more than its price in the us. turning to the pharmaceutical industry, where the world of weight—loss has...
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boeing announces it will buy spirit aerosystems in a bid to improve the safety of its planes.es will have on the world's number two economy. hello and welcome to business today. i'm steve lai. we start with boeing. around two decades ago, the plane maker changed the way it was doing business and began outsourcing production of some of the major components of its biggest—selling planes, like the 737 max and the 787 dreamliner. now, it's reversing course and bringing one of its biggest suppliers, spirit aerosystems, in—house. our north america business correspondent erin delmore has more on that deal. the move comes after months of renewed scrutiny on the aerospace giant, after a door plug blew off
boeing announces it will buy spirit aerosystems in a bid to improve the safety of its planes.es will have on the world's number two economy. hello and welcome to business today. i'm steve lai. we start with boeing. around two decades ago, the plane maker changed the way it was doing business and began outsourcing production of some of the major components of its biggest—selling planes, like the 737 max and the 787 dreamliner. now, it's reversing course and bringing one of its biggest...
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boeing announces it will buy one of its biggest suppliers, spirit aerosystems, in a bid to improve theafety of its planes. and an english summer garden. we find out how to create a beautiful space on a budget at one of the world's biggest flower shows here in london. welcome to business today. i'm sally bundock. we start in portugal, where some of the world's most influential central bankers are gathering to discuss what's been called an era of transformation for the global economy. hosted by the european central bank, the us fed chairjerome powell is there, along with the governor of the bank of england and a host of other leaders. the hot topic of the day is of course rising prices — inflation — and its management, as central banks use interest rates to head towards their 2% inflation targets. for the eurozone, inflation sat at 2.6% in may, which was up slightly from the month before, but significantly under half the level seen at the same time last year, a direction of travel that saw the ecb as one of the first to drop its main interest rate last month to 3.75%, a move the ecb's pr
boeing announces it will buy one of its biggest suppliers, spirit aerosystems, in a bid to improve theafety of its planes. and an english summer garden. we find out how to create a beautiful space on a budget at one of the world's biggest flower shows here in london. welcome to business today. i'm sally bundock. we start in portugal, where some of the world's most influential central bankers are gathering to discuss what's been called an era of transformation for the global economy. hosted by...
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. >>> boeing announced plans to acquire spirit aerosystems.nufactures key parts for boeing planes. the justice department is offering boeing a plea deal for two deadly crashes. courtney kealy has that and more in today's cbs "moneywatch." >> reporter: the markets ended friday in the red. the dow was down by 45 points. the nasdaq dropped by 126 points, and the s&p 500 lost 22 points. >>> the justice department is offering boeing a plea deal in connection with two deadly plane crashes involving its 737 max jetliners. under the deal, boeing would plead guilty to conspiracy charges, pay a fine, and agree to an independent monitor who would oversee its compliance with anti-fraud laws. a lawyer representing the victims' families say they object to the deal. boeing has until the end of the week to accept the offer or face trial. a judge would still have to approve it. >>> a surprise strike this weekend at canada's second-largest airline and on one of the busiest weekends of the year. west jet was forced to cancel more than 800 flights leaving more th
. >>> boeing announced plans to acquire spirit aerosystems.nufactures key parts for boeing planes. the justice department is offering boeing a plea deal for two deadly crashes. courtney kealy has that and more in today's cbs "moneywatch." >> reporter: the markets ended friday in the red. the dow was down by 45 points. the nasdaq dropped by 126 points, and the s&p 500 lost 22 points. >>> the justice department is offering boeing a plea deal in connection...
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dani: boeing has agreed to buy back spirit aerosystems.l stock deal that values the company of $4.7 billion. boeing looks to fix manufacturing defects it also ends a two decorated separation of the two. -- a two decade separation. as part of the deal rival airbus will take over part of spirit. mercedes is boosting spending on gasoline engine models after a first generation of ev's fell short. the ceo said it needs flexibility for longer into 20 30's but will not impact the goal of going carbon neutral by 2039. eb demand has slowed in europe where bmw is facing similar issues. they also faced the threat of cheaper chinese eb's. -- of cheaper chinese ev's. england somehow snuck through to the quarterfinals of euro 2024. england trailed for much of the match against the 45th right team but a last-minute equalizer set the match to extra time before harry keene found the decisive goal for england. they now meet switzerland in the next round. spain will meet host germany after their win over georgia. that is your brief. jonathan: a ridiculous we
dani: boeing has agreed to buy back spirit aerosystems.l stock deal that values the company of $4.7 billion. boeing looks to fix manufacturing defects it also ends a two decorated separation of the two. -- a two decade separation. as part of the deal rival airbus will take over part of spirit. mercedes is boosting spending on gasoline engine models after a first generation of ev's fell short. the ceo said it needs flexibility for longer into 20 30's but will not impact the goal of going carbon...
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we are talking about the body supplier, spirit aerosystems, which will soon become part of boeing forion. it was this company that appeared in the reports of informants. from alexey komarov. every year , the most anticipated event of the summer takes place on an area of 50 football fields. tens of thousands of spectators gather on the shores of the gulf of finland to meet each other and have a great time. vkfest has been held in st. petersburg since 2015. and all this time the concept of the festival is to get out of o'. with your favorite cartoon characters, but also to solve the riddle. what is your baby's favorite toy? good mummy, well done. at the end of august, the melnice studio releases new plan-metric adventures of the beloved luntik on the big screen. this time the cheerful company decides to help a friend find his mother and return home to the moon. to do this, luntik needs to climb. on the set of the film ogniva, everyone could touch that same mechanical horse and take a photo as a souvenir; the film will be released on big screen already in october. oh, beat yourself ove
we are talking about the body supplier, spirit aerosystems, which will soon become part of boeing forion. it was this company that appeared in the reports of informants. from alexey komarov. every year , the most anticipated event of the summer takes place on an area of 50 football fields. tens of thousands of spectators gather on the shores of the gulf of finland to meet each other and have a great time. vkfest has been held in st. petersburg since 2015. and all this time the concept of...
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. >> well, boeing announced today that it plans to buy supplier spirit aerosystems, a move the company says will improve quality concerns. as fox's grady trimble reports, this comes amid a plea deal proposal from prosecutors stemming from boeing's 737 max crashes. >> federal prosecutors have proposed a plea deal for boeing in connection with two deadly plane crashes involving its 737 max jetliners, the company must now decide by the end of the week whether to take the deal and plead guilty to fraud or risk going to trial, the justice department alleges. boeing misled federal regulators about the safety of their planes and pilot training requirements before the 2018 and 2019 crashes. last month, victims families pushed for a full blown trial. >> justice is for them to be held accountable and be criminally charged and to face us in trial. >> concerns about safety have been plaguing boeing lately, most notably the terrifying door plug blowout in january. under pressure boeing announcing monday it will require its supplier, spirit aerosystems, which builds the fuselage of its 737 max jets.
. >> well, boeing announced today that it plans to buy supplier spirit aerosystems, a move the company says will improve quality concerns. as fox's grady trimble reports, this comes amid a plea deal proposal from prosecutors stemming from boeing's 737 max crashes. >> federal prosecutors have proposed a plea deal for boeing in connection with two deadly plane crashes involving its 737 max jetliners, the company must now decide by the end of the week whether to take the deal and plead...
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and boeing gets a boost, as it takes a step closer to buying back spirit aerosystems. i'm melissa lee coming to you live from studio b at the nasdaq. we start off with apple, gaining more than 2%, setting a new record close. iphone shipments in china staging another strong month, rising 40% according to bloomberg calculation. analysts at ubs throwing some cold water on expectations for a broader recovery. those analysts estimating china iphone sales rose less than 1% in may. discounting with a lot of analysts said. you know what, with heavy discounting, you can gain that share, but at what cost? >> to your point about what way, i think their sales in q-1 were up 70% year over year, so, apple's sales in china were down 20%. so, we have this data for the last two months or so, up 52%, up 40%, and again, that's 20% of apple's total sales. so, to me, you know, abpple doesn't do heavy discounting anywhere else in the world. so, they are obviously very focused on this chinese market and retaking some share versus huawei. but i want to think about apple intelligence. let's th
and boeing gets a boost, as it takes a step closer to buying back spirit aerosystems. i'm melissa lee coming to you live from studio b at the nasdaq. we start off with apple, gaining more than 2%, setting a new record close. iphone shipments in china staging another strong month, rising 40% according to bloomberg calculation. analysts at ubs throwing some cold water on expectations for a broader recovery. those analysts estimating china iphone sales rose less than 1% in may. discounting with a...
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the purchase of spirit aerosystems would reverse a longtime boeing strategy of outsourcing key work ons. all right. time is 746. there's one generation set to become the wealthiest in american history, but they're getting some help. >> all right, let's bring in pam cook back in the studio with details on this. and a look at wall street at dollars and cents. yeah, a little bit of a mixed beginning to the day for wall street. >> this morning. it's the beginning of the day. it's beginning of the week and the second half of the year. so as we take you to the opening bell this morning, originally stocks were headed slightly higher, a little bit mixed now. but as that bell rang, shares in chewy, the online pet store, jumped more than 13. that's after reports that the investor, known as roaring kitty, has a 6.5% stake in the company. all right. as we take a live look, the nasdaq is hanging on, hanging on to a little bit of a gain. but as you can see the dow jones down a bit. the s&p 500 down a bit should be pretty quiet this week. we do have a shortened week because of the holiday in the midd
the purchase of spirit aerosystems would reverse a longtime boeing strategy of outsourcing key work ons. all right. time is 746. there's one generation set to become the wealthiest in american history, but they're getting some help. >> all right, let's bring in pam cook back in the studio with details on this. and a look at wall street at dollars and cents. yeah, a little bit of a mixed beginning to the day for wall street. >> this morning. it's the beginning of the day. it's...
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we are talking about the body supplier, spirit aerosystems, which will soon become part of booing foron. it was this company that appeared in the reports of informants. who predicted the explosion of booing airliners right in the air, not only due to poor assembly, but basically due to low-quality components. working at spirit created fear in my head. you see defective parts and understand that you will never fly on such planes, on booing airliners. moreover, it recently emerged that boeing purchased counterfeit metal from a small chinese company. the investigation was published by the new york times. some media picked up the topic and found out that this was not an accident, but a corruption scheme in which it was noticed. booing itself and some european suppliers who, under the guise of chinese metal sold indian. this is incredibly dangerous. we are talking about a defect in aircraft production. we are talking about low-quality titanium with corrosion, which was used during assembly. and the fact that this was missed in production is terrible. they simply didn't check the documentat
we are talking about the body supplier, spirit aerosystems, which will soon become part of booing foron. it was this company that appeared in the reports of informants. who predicted the explosion of booing airliners right in the air, not only due to poor assembly, but basically due to low-quality components. working at spirit created fear in my head. you see defective parts and understand that you will never fly on such planes, on booing airliners. moreover, it recently emerged that boeing...
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spirit aerosystems, for more than $4 billion.ing spun off spirit in 2005, a move critics say represented a focus on cost cutting. the family's attorneys say the deal being offered would also require an external corporate monitor for boeing, and the company has until next week to accept the deal or face prosecution. neither the company nor the justice department commented overnight. >> andrew, andrea allison, thank you. a developing story overseas now, several u.s. military bases in europe are on a heightened state of alert. a defense official says the bases are now on their second highest state of alert, which applies when intelligence indicates the potential for a terror attack. officials are not elaborating on the potential threat or the bases affected. u.s. european command said it's constantly assessing a variety of factors when it comes to safety and security. breaking overnight protests erupting in france as polls show the far right party led by marine le pen holding the lead in the first round of national elections, presid
spirit aerosystems, for more than $4 billion.ing spun off spirit in 2005, a move critics say represented a focus on cost cutting. the family's attorneys say the deal being offered would also require an external corporate monitor for boeing, and the company has until next week to accept the deal or face prosecution. neither the company nor the justice department commented overnight. >> andrew, andrea allison, thank you. a developing story overseas now, several u.s. military bases in europe...
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and this morning, boeing announced plans to acquire the troublemaker of 737 fuselage is spirit aerosystemsal worth more than 8 billion in stock and debt. >> major: and overseas now where france's far right party just won the first round of legislative elections. cbs's elaine cobb is in paris and explains why that's so significant. >> reporter: in a historic result, france's far right national rally party which which is accused to being anti-immigration, anti-semitic, and anti-muslim led the first round of voting. that lead has sent shock waves through the country, major. the parties that usually don't cooperate from the left and center ground are now scrambling to form a united front. if they don't stop the national rally, winning the second round, france could see its first far right government since world war ii. >> major: thanks to our cbs news teams around the globe. "eye on america" is next with a new law aimed at protecting victims of domestic violence by tracking their abusers. ♪ ♪ abusers. ♪ ♪ where are you going? i'm going to get inspire. learn more and view important safety infor
and this morning, boeing announced plans to acquire the troublemaker of 737 fuselage is spirit aerosystemsal worth more than 8 billion in stock and debt. >> major: and overseas now where france's far right party just won the first round of legislative elections. cbs's elaine cobb is in paris and explains why that's so significant. >> reporter: in a historic result, france's far right national rally party which which is accused to being anti-immigration, anti-semitic, and anti-muslim...
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>> boeing just reach an agreement to fully bring in spirit aerosystems, one of its contractors that builds the fuselage of the 7:37. >> it's in wichita now. it will be acquired by boeing that means that boeing is essentially bringing in more control of its quality control. remember, quality control has been at the essence of the problems at boeing lately, there was the door plug blowout back on january 5th, the national transportation safety board said that boeing did not reinsert the door plug bolts on that 737 max nine that had that blowout on alaska airlines flight 12, 80 to the fuselage was built by spirit aerosystems and independent contract are affiliated with boeing. they essentially had a quality control problem on some rivets near the door plug and then the door plug was taken out at boeing, which led to this major omission at the boeing factory in renton in washington. so by boeing acquiring this company, it essentially brings it in house. it makes it so that boeing has more control here and the quality control has really been at the essence of all the issues at boeing pete man t
>> boeing just reach an agreement to fully bring in spirit aerosystems, one of its contractors that builds the fuselage of the 7:37. >> it's in wichita now. it will be acquired by boeing that means that boeing is essentially bringing in more control of its quality control. remember, quality control has been at the essence of the problems at boeing lately, there was the door plug blowout back on january 5th, the national transportation safety board said that boeing did not reinsert...
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boeing announces it will buy one of its biggest suppliers, spirit aerosystems, in a bid to improve thea budget at one of the world's biggest flower shows here in london. welcome to business today. i'm sally bundock. we start in portugal, where some of the world's most influential central bankers are gathering to discuss what's been called an era of transformation for the global economy. hosted by the european central bank, the us fed chairjerome powell is there,
boeing announces it will buy one of its biggest suppliers, spirit aerosystems, in a bid to improve thea budget at one of the world's biggest flower shows here in london. welcome to business today. i'm sally bundock. we start in portugal, where some of the world's most influential central bankers are gathering to discuss what's been called an era of transformation for the global economy. hosted by the european central bank, the us fed chairjerome powell is there,
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now, it's reversing course and bringing one of its biggest suppliers, spirit aerosystems, in—house.nths of renewed scrutiny on the aerospace giant, after a door plug
now, it's reversing course and bringing one of its biggest suppliers, spirit aerosystems, in—house.nths of renewed scrutiny on the aerospace giant, after a door plug
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Jul 9, 2024
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aerosystems, a kansas-based contractor building the 737 fuselage. boeing spun off spirit in 2005 in an attempt to reduce manufacturing costs. >> you see, boeing seems to do the right thing only after they do the wrong thing. that's the problem. they react to bad things instead of being proactive. >> reporter: in captain dennis tajer's mind, boeing has much more work to do. >> how do you feel getting into the cockpit of your airplane today? >> more ready than i've ever been. i have absolutely no hesitation in flying the aircraft based on what i know about it. the unnerving part is particularly on a max is i don't know what you've put on it that you decided not to tell me. >> reporter: on the 737 max, captain dennis tajer uses an analog tool in an otherwise digital cockpit, a post-it note to help remind him of another potential problem, a design issue in the engine. >> the faa sent us this airworthiness directive saying, hey, you've got to be aware of this. it can get so bad, that it may cause you to have to do an off-airport landing, their words, off
aerosystems, a kansas-based contractor building the 737 fuselage. boeing spun off spirit in 2005 in an attempt to reduce manufacturing costs. >> you see, boeing seems to do the right thing only after they do the wrong thing. that's the problem. they react to bad things instead of being proactive. >> reporter: in captain dennis tajer's mind, boeing has much more work to do. >> how do you feel getting into the cockpit of your airplane today? >> more ready than i've ever...
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separately, boeing has agreed to buy spirit aerosystems for more than $4 billion after months of negotiations around the supplier to address safety concerns and supply issues. boeing will pay $37.25 per share, an all stock deal for the company. the deal will also result in the breakup of spirit, which would see some assets go to the french plane rival airbus. frances, back to you. okay, karen, thanks so much for the update. a strike hitting canada's second largest airline is over this morning. westjet just announcing that union mechanics will report back to work immediately. the mechanics walked off the job friday, forcing westjet to cancel more than 800 flights over the canadian long weekend. more than 100,000 passengers were affected by the cancellations. yet another delay for the return of boeing's starliner space capsule. the two astronaut crew could now be at the international space station for months after what was meant to be a ten day mission, nasa insists they are not stranded, though helium leaks and thruster issues are causing those delays. nasa says returning starliner home now wo
separately, boeing has agreed to buy spirit aerosystems for more than $4 billion after months of negotiations around the supplier to address safety concerns and supply issues. boeing will pay $37.25 per share, an all stock deal for the company. the deal will also result in the breakup of spirit, which would see some assets go to the french plane rival airbus. frances, back to you. okay, karen, thanks so much for the update. a strike hitting canada's second largest airline is over this morning....
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boeing announced plans to acquire the troubled maker of 737 fuselages spirit aerosystems in a deal worthebt. kris van cleave, cbs news. >>> well, if you're going away this holiday week, you're not alone. aaa is predicting more americans will be away from home this july 4th than ever before. cbs's jarred hill looked at how people are coping with all the crowds. >> reporter: daniela and william miramontes are heading to maine for the fourth, and this trip is extra special because they're also celebrating their son's birthday. he was born a year ago, prem premature. >> weighing a pound and a half. he was very small. he fit in the palm of our hands. we're very excited to be able to celebrate this big milestone. >> reporter: airports are expecting a crush of travelers in the coming days. one reason why, ticket prices are down 18% from last year according to the travel site hopper. >> we got a pretty good deal. we booked somewhat last minute, but it wasn't too bad. >> reporter: from thursday to sunday, the tsa screened more than 11.3 million people. that's a 5.3% increase from last year. >> as
boeing announced plans to acquire the troubled maker of 737 fuselages spirit aerosystems in a deal worthebt. kris van cleave, cbs news. >>> well, if you're going away this holiday week, you're not alone. aaa is predicting more americans will be away from home this july 4th than ever before. cbs's jarred hill looked at how people are coping with all the crowds. >> reporter: daniela and william miramontes are heading to maine for the fourth, and this trip is extra special because...
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. >>> and the growing list of candidates at boeing which include spirit aerosystems pat shanahan andcitstepha pope. >>> and "deadpool & wolverine" bringing in $205 million of ticket sales in the biggest opening weekend haul ever for an r-rated movie. here is what to watch for the week ahead. the list includes four mega cap the names in meta and apple. we while hear from mcdonald's and merck and chevron among others. we have a trio of central banks holding meetings this week. the fed and bank of japan will announce on wednesday. it is also a week full of economic data with housing and labor market topped off by the jobs report on friday morning. let's see how the trading day is shaping up ahead of the critical week for the markets and your money. joining me now is vince larusso of cloud capital. vince, this is a situation where few investors are just a little bit worried about whether or not the large-cap earnings season will do what it did last week. do you feel optimistic? >> good morning, dom. we are optimistic for sure. we are fund managers and we have an active strategy. we are t
. >>> and the growing list of candidates at boeing which include spirit aerosystems pat shanahan andcitstepha pope. >>> and "deadpool & wolverine" bringing in $205 million of ticket sales in the biggest opening weekend haul ever for an r-rated movie. here is what to watch for the week ahead. the list includes four mega cap the names in meta and apple. we while hear from mcdonald's and merck and chevron among others. we have a trio of central banks holding...
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. >> john, were you on the board for spirit aerosystems.e deal with boeing buying spirit. you interact with spirit and air lease with steve and leaders at boeing. they believe that they can get past this stretch here and quickly start to ramp up production. based on your con kconversationh them, how confident are you about that happening? >> i'm optimistic. a lot of work has to be done. i've never seen a boeing company more focused than they are now, phil, in righting the ship and correcting quality and doing all of the things we need to see done so they can get the cokc confidence back of the regulators and customers and flying public. i'm optimistic. >> do any of your customers say to you given the problems at boeing, i want to go with airbus before boeing, or is that overthinking it? >> that is a bit of over-thinking. supply is what it is and if they get it, they will get it from boeing or airbus. you know, i think that might be overdoing it a bit. no one said forget it. we will not consider boeing. i think the industry is trying to rall
. >> john, were you on the board for spirit aerosystems.e deal with boeing buying spirit. you interact with spirit and air lease with steve and leaders at boeing. they believe that they can get past this stretch here and quickly start to ramp up production. based on your con kconversationh them, how confident are you about that happening? >> i'm optimistic. a lot of work has to be done. i've never seen a boeing company more focused than they are now, phil, in righting the ship and...
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. >>> also breaking this morning, boeing seals a deal with the supplier and spirit aerosystems and theight takes the lead in the snap electio
. >>> also breaking this morning, boeing seals a deal with the supplier and spirit aerosystems and theight takes the lead in the snap electio
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. >> and regarding the deal with spirit aerosystems, what does this mean for both boeing and airbus?> i think it's a long-term process for boeing to reintegrate its spirit into the manufacturing process. we don't think that the kloss of t the deal will happen until next year. there are terms in the production that's already been ongoing, but, you know, i think long term it's a plus. airbus will -- i think there are still some details that need to be worked out in terms of testify work that spirit does for airbus. but i think it's a move in the right direction. >> ben, thinking more broadly about the airline sector, what are you expecting in terms of their earnings, the next release of earnings because i was just reading it yesterday on how a lot of airline companies are struggling with new and additional costs and even though people are very keen to travel at this stage, those costs are putzing a lot of pressure on the bottom lines ultimately. >> yeah. the airlines are outside of my area of expertise. i would say demand for air travel is very strong. the supply of aircraft is a conti
. >> and regarding the deal with spirit aerosystems, what does this mean for both boeing and airbus?> i think it's a long-term process for boeing to reintegrate its spirit into the manufacturing process. we don't think that the kloss of t the deal will happen until next year. there are terms in the production that's already been ongoing, but, you know, i think long term it's a plus. airbus will -- i think there are still some details that need to be worked out in terms of testify work...
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aerosystems, that is the company that makes the fuselage and the alaska airlines plane that had theworking have better control of the production process after all of the mishaps since the crashes about five years ago you could cease. aerosystems of 4.2%. ashley: interesting development. let's get to a stock that we talk about, gamestop, means stock, start 6.5% it has something to do with roaring kitty. >> the guy behind during kennedy has been sued and accused of security fraud in a class-action lawsuit and he uses his social media post to cause stock volatility in other words he is pumping and dumping gamestop and not disclosing all of his trades, flip the screen do we have chewing shares it is searching 6%, keith gilroy in kennedy picked up a seven steak and the pet product retailer, he consistently moves the market. ashley: the kitty roars. let's go to disney's animated film inside out two past a huge milestone. >> $1 billion at the global box office, the first movie since barbie to do so it only took them 19 days, here is the deal, 70% of the audience is families, when was the l
aerosystems, that is the company that makes the fuselage and the alaska airlines plane that had theworking have better control of the production process after all of the mishaps since the crashes about five years ago you could cease. aerosystems of 4.2%. ashley: interesting development. let's get to a stock that we talk about, gamestop, means stock, start 6.5% it has something to do with roaring kitty. >> the guy behind during kennedy has been sued and accused of security fraud in a...
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the spirit aerosystems thing, fine, that's a loose end that was tied up, but in general, it feels likehe market's treating it as that. >> the ceo search being led by steve mollenkopf, who used to run qualcomm and is obviously leading that search as a board member of boeing. >> yeah. the balance sheet's -- we've got this deal in the works with spirit aerosystems, which is over $4 billion. >> first at the big board, merchant marine. at the nasdaq, industrial manufacturing company tungray technologies. that's a recent ipo. merchant marine academy based in kings point, not far from the border with new york city. >> that's right. right on the border. >> and on the water, as you might expect. >> exactly. >> makes sense. >> it does. yeah, you know, i think the key thing in the outset is how the bond markets script has been scrambled a bit in the last few days. remember, we were just a couple days away, a week ago, really, when we were dealing with, uh-oh, we have another melt-up in yield, people focused on the fiscal situation, maybe handicapping the presidential outcome, and now this run of
the spirit aerosystems thing, fine, that's a loose end that was tied up, but in general, it feels likehe market's treating it as that. >> the ceo search being led by steve mollenkopf, who used to run qualcomm and is obviously leading that search as a board member of boeing. >> yeah. the balance sheet's -- we've got this deal in the works with spirit aerosystems, which is over $4 billion. >> first at the big board, merchant marine. at the nasdaq, industrial manufacturing...
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. >> this is boeing's deal for spirit aerosystems. all of this is to address manufacturing defects, especially after the piece of fuselage blew off the plane in january. the deal will be worth 4.7 billion dollars, all cash transaction. 30% premiums on the february 29 christ. -- price. bloomberg news reportedly yesterday the doj is going to charge the company with criminal fraud for violating the deferred prosecution agreement. the company still has to decide whether they will plead guilty or go to trial. none of this is great for boeing. shares are up 2.6% this morning. katie: interesting contrast. bone c-shares having a great monday -- boeing shares having a great monday. roaring kitty appears. >> we saw crisis spiking premarket but down 4%. it started with a tweet from keith gill, or a post on x of a cartoon of a dog. that raised potential interest that roaring kitty may be taking a stake in chewy or petco. it turns out it is in chewy. 9 million shares, roughly $250 million or 6.6% of the outstanding. one interesting comment steve m
. >> this is boeing's deal for spirit aerosystems. all of this is to address manufacturing defects, especially after the piece of fuselage blew off the plane in january. the deal will be worth 4.7 billion dollars, all cash transaction. 30% premiums on the february 29 christ. -- price. bloomberg news reportedly yesterday the doj is going to charge the company with criminal fraud for violating the deferred prosecution agreement. the company still has to decide whether they will plead guilty...
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and the headline overnight that boeing is set to buy spirit aerosystems. >> robin: deadly police shooting. the new body camera footage after a 13-year-old boy was fatally shot by police. >> got a gun! got a gun! >> robin: pierre thomas with the latest on the investigation this morning. >> george: curve ball. what the judge in the karen read murder trial told jurors after they said they couldn't reach a verdict. >> rebecca: high five heist? the brazen jewelry robbery straight out of a hollywood movie. >> robin: going for gold again. overnight simone biles headed to her third olympic game. plus we're jumping into the pool with the top american swimmer caleb dressel opening up as his imposter syndrome as he heads to paris, with a special guest in the stands. ♪ lights will guide you home ♪ >> george: what a weekend. >> ladies and gentlemen, please welcome michael j. fox! >> george: the moment michael j. fox joined cold play on stage rocking out on the guitar. the special connection between the beloved actor and lead singer, chris martin, and what fox is saying this morning. >> announcer: live
and the headline overnight that boeing is set to buy spirit aerosystems. >> robin: deadly police shooting. the new body camera footage after a 13-year-old boy was fatally shot by police. >> got a gun! got a gun! >> robin: pierre thomas with the latest on the investigation this morning. >> george: curve ball. what the judge in the karen read murder trial told jurors after they said they couldn't reach a verdict. >> rebecca: high five heist? the brazen jewelry...
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boeing is said to buy spirit aerosystems in the $4.7 billion all-stock deal now.agreed to pay $37.25 per share in boeing stock. boeing had spun off the operations if it became spirit. spirit shares are off 3.5% and now outgoing ceo dave calhoun says bringing spirit back inhouse will outline the workforces. he expects the deal to close next year while it is subject to regulators. airbus has reached an agreement where the european manufacturer will get half a billion from the company to acquire their money-losing manufacturing lines and spirit was split. they had a boeing piece and airbus piece and airbus shares are up 2.5% and floor and decor is moving lower after they disclosed a shore position in the stock saying they faced between 40% and 60% downside risk in the intermediate term and we'll had the you know when we hear back and shares are down over 4%. over to tyler mathisen for the cnbc news update. >> thank you very much. >>> house republicans sued attorney general merrick garland over access to audio of president biden's special council interview. today's le
boeing is said to buy spirit aerosystems in the $4.7 billion all-stock deal now.agreed to pay $37.25 per share in boeing stock. boeing had spun off the operations if it became spirit. spirit shares are off 3.5% and now outgoing ceo dave calhoun says bringing spirit back inhouse will outline the workforces. he expects the deal to close next year while it is subject to regulators. airbus has reached an agreement where the european manufacturer will get half a billion from the company to acquire...
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the rig understands that boeing has agreed to buy spirit aerosystems in an all stock deal.ck is buying private capital database provider for your pin -- preqin. the founder will join as a vice chair after the deal closes. he competes with bloomberg lp, the parent company of bloomberg news. there is plenty more coming up. stay with us. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." all eyes on the european asset this morning as the national rally of rants comes in first place as expected. real questions as to whether or not the party of marine le pen can get the majority that she says she wants. the market, a bit of a relief, a bit of risk premium being feted on the back of that. currently the single currency up .4% but the concerns of course about a national rally, the majority around the debt and of course the deficit given you have debt to gdp at around 111 sent in the deficit around 5.5% as well. let's have a look at the data coming through from china. this ties into the fortunes of the eurozone economy longer term. you are looking at the manufac
the rig understands that boeing has agreed to buy spirit aerosystems in an all stock deal.ck is buying private capital database provider for your pin -- preqin. the founder will join as a vice chair after the deal closes. he competes with bloomberg lp, the parent company of bloomberg news. there is plenty more coming up. stay with us. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." all eyes on the european asset this morning as the national rally of rants...
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spirit aerosystems for more than $4 billion boeing spun off spirit in 2005, a move critics say representedmily's attorneys say the deal being offered would also require an external corporate monitor for boeing, and the company has until next week to accept the deal or face prosecution. neither the company nor the justice department commented overnight. alison kosik, abc news, new york. >> new trouble for the 15,000 north american auto dealerships dealing with a cyber attack that took out a critical computer software system. many aren't able to make payroll. the issue has caused other major problems with order tracking, sales and negotiations. analysts estimate june car sales might be down 7 to 10. because of this, the software company cdk global says it's making progress getting dealers back online, but it has been slow. customers have a dublin based bank can't access their banking apps after a cyber security incident. several viewers have reached out to our newsroom. patelco credit union says it's working to restore service after a problem. over the weekend. they sent us a statement. it s
spirit aerosystems for more than $4 billion boeing spun off spirit in 2005, a move critics say representedmily's attorneys say the deal being offered would also require an external corporate monitor for boeing, and the company has until next week to accept the deal or face prosecution. neither the company nor the justice department commented overnight. alison kosik, abc news, new york. >> new trouble for the 15,000 north american auto dealerships dealing with a cyber attack that took out...
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and meanwhile competition has also reached a deal with spirit aerosystems to acquire that worked for the deal is expected to close mid-2025 after receiving regulators and shareholders approval. >> well, speaking of airplanes, airports across the u.s. are preparing for what could be the busiest fourth of july travel season on record. what's the latest there, charlotte? >> well, the transportation security administration is forecasting a record setting july 4th holiday period and expecting more than 32 million travelers between friday, june 28th and monday, july 8th. an increase of 5.4 compared to last year. so the busy week comes, of course, as we were just saying the air travel industry is facing many challenges, some delay in the jet delivery from boeing, supply chain, rising costs as well, and some shortages in air-traffic controllers as well as some episodes of extreme weather. but the travel experts do say that airlines and airports actually are a little bit better prepared this year than in the past few years after the pandemic. so hopefully, hopefully everyone will be able to t
and meanwhile competition has also reached a deal with spirit aerosystems to acquire that worked for the deal is expected to close mid-2025 after receiving regulators and shareholders approval. >> well, speaking of airplanes, airports across the u.s. are preparing for what could be the busiest fourth of july travel season on record. what's the latest there, charlotte? >> well, the transportation security administration is forecasting a record setting july 4th holiday period and...
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under pressure, boeing announcing monday it will require its supplier, spirit aerosystems, which builds the fuselage of its 737 max jets. in recent years, spirit's quality problems have mounted. it's gone through a leadership change and laid off hundreds of workers. company officials hope bringing spirit and boeing back together will enable greater integration. outgoing boeing president and ceo dave calhoun says in a statement. we believe this deal is in the best interests of the flying public. our airline customers, the employees of spirit and boeing, our shareholders and the country more broadly. problems at spirit have disrupted production and delivery of popular boeing jetliners, including seven 37 seconds and 780 sevens in washington. grady trimble, fox business reporter this is ktvu, fox two news at six three coyotes killed at the san francisco botanical gardens after a child was attacked, squashed into the location where the animal's teeth actually penetrated the little girl's skin. >> the attack happened friday while the little girl attended a summer camp. good evening everyone.
under pressure, boeing announcing monday it will require its supplier, spirit aerosystems, which builds the fuselage of its 737 max jets. in recent years, spirit's quality problems have mounted. it's gone through a leadership change and laid off hundreds of workers. company officials hope bringing spirit and boeing back together will enable greater integration. outgoing boeing president and ceo dave calhoun says in a statement. we believe this deal is in the best interests of the flying public....
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in another development, boeing is buying spirit aerosystems, the supplier of fuselages for its 737 maxets. boeing says this acquisition will help shore up safety and quality control history making. >> hurricane beryl is slamming the caribbean. warnings are in effect right now for multiple islands, including barbados, saint lucia and trinidad and tobago. you're looking at video of barbados. beryl is the atlantic's earliest ever category four hurricane. it's expected to bring up to nine feet of storm surge, along with life threatening winds. beryl will continue to track toward jamaica, nearing the island on wednesday. >> what does on time mean to you? the new generational divide driving some tension at the workplace, plus remnants of another time. the financial future of those red dvd kiosks still in ♪ do what you want ♪ get into an audi and go your own way. find your way to exceptional offers during the summer of audi sales event at you local audi dealer. choice hotels is a family of brands that helps you get the most for your money, so you can be any traveler you want to be. you can be
in another development, boeing is buying spirit aerosystems, the supplier of fuselages for its 737 maxets. boeing says this acquisition will help shore up safety and quality control history making. >> hurricane beryl is slamming the caribbean. warnings are in effect right now for multiple islands, including barbados, saint lucia and trinidad and tobago. you're looking at video of barbados. beryl is the atlantic's earliest ever category four hurricane. it's expected to bring up to nine...
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it was the spirit aerosystems deal, now it's the doj agreement, next will be the ceo search.he question is, can they grow 737 max production? >> all right, phil, thank you. phil lebeau. >> you bet. >> you would think that it would be a great time for the airline stocks right now, tim. >> well, it had been. >> right. >> it had been a 65% move off of the recent cycle lows for delta and some of this is a function of just normalizing post-covid, and dynamics. and if you look at where some of these stocks at least traded both on multiple and in dollar prices, you look at delta, it was a $60 to $65 stock p pre-covid. i think they have the ability to continue to trade higher on that. phil nailed what's always the issue for airlines, which is efficiency and capacity and where they get a little either lazy or greedy or whatever, but the analyst community always assumes that's just around the corner. i think you could get delta a little lower here. >> yeah, with the airlines from a macro perspective, it's a great little microcosm of what's going on in the heads of corporate customers a
it was the spirit aerosystems deal, now it's the doj agreement, next will be the ceo search.he question is, can they grow 737 max production? >> all right, phil, thank you. phil lebeau. >> you bet. >> you would think that it would be a great time for the airline stocks right now, tim. >> well, it had been. >> right. >> it had been a 65% move off of the recent cycle lows for delta and some of this is a function of just normalizing post-covid, and dynamics. and...
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. >> boeing is higher after announ announcing it's buying back spirit aerosystems in a $4.7 billion all-stock deal after expressing interest in the company back in march. boeings is the move will improve safety and quality control. analysts noting while it will dilute boeing's earnings in 2026, the benefits of reintegrating spirit are "priceless." >>> the firm saying novsnowflak new ceo is likely to accelerate product development, which could boost topline growth and free cash flow margins, the symptom up 5%. >> pippa, thanks. talk to you soon. >>> we are just getting started here. up next, former federal reserve vice chair richard clarida is back. he's breaking down his rate cut forecast and where he thinks this rally could be heading in the second half. that's after this quick break. we are live from the new york stock exchange. you're watching "closing bell" on cnbc. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we
. >> boeing is higher after announ announcing it's buying back spirit aerosystems in a $4.7 billion all-stock deal after expressing interest in the company back in march. boeings is the move will improve safety and quality control. analysts noting while it will dilute boeing's earnings in 2026, the benefits of reintegrating spirit are "priceless." >>> the firm saying novsnowflak new ceo is likely to accelerate product development, which could boost topline growth and...
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. >> new this morning, boeing has agreed to purchase spirit aerosystems, its longtime supplier and manufacturerits safety reputation. it's coming as attorneys for the families of the people killed in boeing 737 max crashes say a plea deal is on the table and they're not happy with it. boeing is charged with conspiracy to defraud the u.s, accused of misleading the faa during evaluations of the 737 max, nearly 350 people died in two crashes involving those planes in 2018 and 2019. now, attorneys for the victims families say the plea deal isn't enough. >> on. i'll go on and take this now. they want the doj to take the company to trial and to impose fines upwards of $20 billion top california democrats say they will ask voters to approve a plan cracking down on retail theft. the plan would challenge an initiative backed by a coalition of business groups. that's already on the november ballot. lawmakers argue the current proposal would disproportionately incarcerate low income people and those with substance abuse issues, rather than target ringleaders who hire large groups of people to steal goods
. >> new this morning, boeing has agreed to purchase spirit aerosystems, its longtime supplier and manufacturerits safety reputation. it's coming as attorneys for the families of the people killed in boeing 737 max crashes say a plea deal is on the table and they're not happy with it. boeing is charged with conspiracy to defraud the u.s, accused of misleading the faa during evaluations of the 737 max, nearly 350 people died in two crashes involving those planes in 2018 and 2019. now,...
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number one, the company is buying spirit aerosystems which makes all of the big aluminum parts that createit back. that was spun out about a decade ago a, right? and they a want to own it because they want to control the quality. that's important. and also you have lawsuits or the threat of lawsuits where they're going to try to say that boeing has acted in a criminal manner? no. that's too much. ashley: right. we ran out of time. at least we got boeing in, and i understand what you're saying. thank you very much, adam. >>> coming up, most americans say they can no longer a afford a summer vacation thanks to the high cost of living. we're going to get into that. >>> van jones says democrats are in a full scale panic over joe biden. listen to this. if. >> going to be honest, i mean, everybody comes on the air and says all this great stuff, but behind the scenes it's full scale panic. there is a big conversation happening right now about how this happens, not whether. ashley: how, not whether. biden, by the way, is going to be rallying in wisconsin today as a his campaign tries to turn opini
number one, the company is buying spirit aerosystems which makes all of the big aluminum parts that createit back. that was spun out about a decade ago a, right? and they a want to own it because they want to control the quality. that's important. and also you have lawsuits or the threat of lawsuits where they're going to try to say that boeing has acted in a criminal manner? no. that's too much. ashley: right. we ran out of time. at least we got boeing in, and i understand what you're saying....
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aerosystems, the manufacturer of our fuselage. in consideration of these inputs, boeing developed a comprehensive safety and quality action plan with very specific metrics which we will use to hold ourselves accountable, and the faa will use to provide the oversight required. most importantly, it is our people, over 170,000 around the world, who are our greatest strength. we have asked every one of our employees to consider themselves an aviation safety advocate. we are committed to making sure every employee feels empowered to speak up if they see a problem. we also have strict policies that prohibit retaliation against employees who come forward. it is our job to listen, regardless of how we obtain feedback, and handle it with the seriousness it deserves. much has been said about boeing's culture. we have heard those concerns loud and clear. our culture is much from -- far from perfect, but we are taking action and we are making progress. we understand the gravity and we are committed to moving forward with transparency and acco
aerosystems, the manufacturer of our fuselage. in consideration of these inputs, boeing developed a comprehensive safety and quality action plan with very specific metrics which we will use to hold ourselves accountable, and the faa will use to provide the oversight required. most importantly, it is our people, over 170,000 around the world, who are our greatest strength. we have asked every one of our employees to consider themselves an aviation safety advocate. we are committed to making sure...