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has dave calhoun come out and said that, too?ould happen, he talked about quality escapes and gathering everything, et cetera. >> sure. >> there wasn't sort of a clear ownership of this problem to me, at least. >> well, i don't think that there's going to be a clear ownership until people know exactly what caused this. and that's not, you know, i'm not defending dave calhoun or spirit aerosystems or anyone. until we know from the ntsb, this is what we believe caused this incident, it's hard for anybody to take full ownership having said that, melissa, dave calhoun says, look, unacceptable. it's a mistake, we need to be, you know, we need to own it. we need to say, okay, how do we keep this from happening again? >> all right, phil, thank you. terrific interview. phil lebeau. despite the latest developments, our next guest believes the financial impact to boeing is limited. pic nicholas owens is with us. what was so striking to me, just, you know, on monday, was to see lots of analysts come out and basically say, there is limited f
has dave calhoun come out and said that, too?ould happen, he talked about quality escapes and gathering everything, et cetera. >> sure. >> there wasn't sort of a clear ownership of this problem to me, at least. >> well, i don't think that there's going to be a clear ownership until people know exactly what caused this. and that's not, you know, i'm not defending dave calhoun or spirit aerosystems or anyone. until we know from the ntsb, this is what we believe caused this...
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Jan 10, 2024
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not the case today for dave calhoun. of the grounding of the 737 max-9s. 171 of the 218 that have been delivered, 171 are grounded. those are those that have a door plug on them. and of those, they are in the process of figuring out what the protocol is. the faa was emphatic yesterday in saying, look, the inspection rules to make sure that those planes are safe to fly again, that has not been finalized. they're in discussions with boeing. again, 171 of those planes are impacted. alaska and united, the two biggest operators of dash 9s around the world. we mentioned dave calhoun employee town hall meeting. if you have watched some of the clips that have been put out by the company or you listen to the audio, you can tell that dave calhoun and his team realize the significance of this moment in terms of what it means for boeing and its future. in fact, he said we want to be as transparent as possible. every detail matters as they work on trying to figure out exactly what happened on that alaska airlines plane and why that d
not the case today for dave calhoun. of the grounding of the 737 max-9s. 171 of the 218 that have been delivered, 171 are grounded. those are those that have a door plug on them. and of those, they are in the process of figuring out what the protocol is. the faa was emphatic yesterday in saying, look, the inspection rules to make sure that those planes are safe to fly again, that has not been finalized. they're in discussions with boeing. again, 171 of those planes are impacted. alaska and...
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we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now o reassure customers and investors. >>> natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas. let's get a check on the markets, the dow up 77 point, 2/10 of a percent while the s&p gained 17 and the nasdaq is a leader today in a reversal of a trend we have seen so far year- to-date adding about 6/10 of 1%. inside of apple being hit with another downgrade, this time there cutting the stock to neutral from by apple, down 6% in the past month. >>> from high-tech to low-tech, shares of wd-40 are soaring after reporting strong earnings and sales, the ceo says he is negotiated with big retailers on price increases. that would improve the company's margins. >>> we begin with a big interview in the last hour on cnbc, an exclusive with boeing's ceo. let's bring in civil now, what was your biggest take away from the conversation? >> they realize the severity of the situation and the need to find out what happened, tha
we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now o reassure customers and investors. >>> natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas. let's get a check on the markets, the dow up 77 point, 2/10 of a percent while the s&p gained 17 and the nasdaq is a leader today in a reversal of a trend we have seen so far year- to-date adding about 6/10 of...
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Jan 30, 2024
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romaine: discus to question about the leadership, dave calhoun has been there since 2020.u have heard some of the comments by some of the airlines that are clearly fed up with things going on over there. what does the story become, it is not just about deliveries is about making sure longer you have a customer base confident in your leader and boeing's company. sheila: the max nine issue was a manufacturing issue, we don't have an official conclusion but it seems that's the case. you have to exercise operational excellence it is difficult and a supply chain that is so vast. i think that is what management's focus has to be to restore confidence in his customer base. romaine: grade to stock up with you goodbye have a busy couple of hours over a jeffries. the stock is down 2.47%. a big day for dave calhoun and his team. coming up we will talk to a big name from hollywood. you know him from game of thrones but he has something new, a new show called an optimist guide to the planet. that conversation coming up after the break. this is bloomberg. romaine: welcome back to bloomb
romaine: discus to question about the leadership, dave calhoun has been there since 2020.u have heard some of the comments by some of the airlines that are clearly fed up with things going on over there. what does the story become, it is not just about deliveries is about making sure longer you have a customer base confident in your leader and boeing's company. sheila: the max nine issue was a manufacturing issue, we don't have an official conclusion but it seems that's the case. you have to...
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there's also some humility, and you saw that in dave calhoun�*s reaction. that's incredibly important here. that openness is what gets aviation safety to the very high levels we usually achieve. so in this case, recognising that there may be a problem, working with that national transportation safety board investigation, which is focused on the safety lessons, i think is the best way to recover this situation. so i feel heartened by that. yeah, i mean, there was, as you mentioned there, an awful lot of introspection after those first 737 max incidents, those two fatal crashes. the planes were grounded for a prolonged period. and you would wonder, with all that deep examination of these planes, how these loose bolts could have escaped attention. i think that's a really important question, and clearly the investigation will want to get to that answer as soon as it can. now, the ntsb have told us that that report may not come for a year or 18 months, which is why it's right that the company takes immediate actions to minimise any risk that might be there in th
there's also some humility, and you saw that in dave calhoun�*s reaction. that's incredibly important here. that openness is what gets aviation safety to the very high levels we usually achieve. so in this case, recognising that there may be a problem, working with that national transportation safety board investigation, which is focused on the safety lessons, i think is the best way to recover this situation. so i feel heartened by that. yeah, i mean, there was, as you mentioned there, an...
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Jan 31, 2024
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phil lebeau with dave calhoun this morning. page one of the "l.a.imes" saying a former employee says, "i would tell my family to avoid the max. kwlts >> we're dealing with a company that was the gold standard when everybody else was brass. when dave calhoun says he owns it, he doesn't own it. so, how do you say, own it? >> i'm not sure if we have phil at the moment. >> my problem is this. there was a great decision made by boeing, and i remember when the decision was made, i was -- i bought a ton of boeing because -- for my travel trust, because i realized they got rid of all the bad stuff where nobody was making money and all the union problems and suddenly they became an assembler instead of a manufacturer. i went down to the museum in new orleans, really studied boeing, and what they wouldnever do is let someone else have a part of the process. but when you want to make a lot of money, you do this stuff, sell it to private equity. i think it was greed that made this thing so dave calhoun has inherited a machine that he is not in charge of. >> by
phil lebeau with dave calhoun this morning. page one of the "l.a.imes" saying a former employee says, "i would tell my family to avoid the max. kwlts >> we're dealing with a company that was the gold standard when everybody else was brass. when dave calhoun says he owns it, he doesn't own it. so, how do you say, own it? >> i'm not sure if we have phil at the moment. >> my problem is this. there was a great decision made by boeing, and i remember when the...
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Jan 25, 2024
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and boeing ceo dave calhoun was on capitol hill today.portation correspondent, kris van cleave. >> reporter: the gaping hole left after a door panel blew out leading to the grounding of the 737 max-9. now boeing ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes. we don't put airplanes in the air we don't have 100% confidence in. >> reporter: the ntsb investigators have honed in on the four bolts that should have held that door in place. an anonymous post alleging to be from a boeing employee saying those four were not installed, raising questions about quality control. cbs confirmed that fuselages arrived in a plant with so many problems that spirit aerosystems assigned a team to be on site to make repairs. ed pearson is a former senior manager turned max whistleblower. would it surprise you to learn bolts weren't put in a door panel? >> not at all. only thing surprising to us, we're thankful it wasn't a fatal crash. >> reporter: in a letter obtained exclusively by cbs news, senator tammy duckworth is demand
and boeing ceo dave calhoun was on capitol hill today.portation correspondent, kris van cleave. >> reporter: the gaping hole left after a door panel blew out leading to the grounding of the 737 max-9. now boeing ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes. we don't put airplanes in the air we don't have 100% confidence in. >> reporter: the ntsb investigators have honed in on the four bolts that should have held that door in place. an...
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phil, we're looking forward to your interview, we'll see you in 35 minutes or so with dave calhoun. that's phil lebeau. you own the stock. i see this coming down to two things one step forward to two steps versus duolply. jim raventhal says i'm out, and you stay in it for the duopoly. >> you do. we have small minor position. >> as we give you the business about that -- >> i know, in our value portfolio. so we have the good fortune of running ten different disciplines in ten different markets. in a value, a position in 50 stocks, you want to bet on the value that continues to get better because we've had say lot of two-minute minors to talk in hockey terms, but this is a five-minute major. they're going to be in the penalty box for a while and this is all on credibility. humility on the effort of the ceo is a good start. now we need to see accountability. >> what does that come down to in terms of cash flow expectations? that's what it's about for 2024? is the $6 billion consensus needing to come down to 4 billion or 5 billion? >> probably not. because we've seen some of the data com
phil, we're looking forward to your interview, we'll see you in 35 minutes or so with dave calhoun. that's phil lebeau. you own the stock. i see this coming down to two things one step forward to two steps versus duolply. jim raventhal says i'm out, and you stay in it for the duopoly. >> you do. we have small minor position. >> as we give you the business about that -- >> i know, in our value portfolio. so we have the good fortune of running ten different disciplines in ten...
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. >> within few days of the event, i had dave calhoun and his entire leadership team in our offices hered very tough candid conversations about what happened and why it happened yes, i'm angry it happened to our guests and our people the men on boeing is what are they going to do to improve their quality programs in house. >> today the political pressure increases as dave calhoun heads to capitol hill to talk with warner and ted cruz. they will keep, quote, boots on the ground at every boeing manufacturing until quality control systems are in check let's discuss this further with jeffries aerospace and defense analyst. good to have you this morning, sheila. >> thank you. >>> give us a general sense. how do you see the company and stock right now and what's the future of the max jets >> it's taken a downward hit since january 5th. it's lost about $2 billion in market caps since then the market is not just saying it's a one-time issue. it's really discounting long-term free cash flow so it's saying that the company could earn maybe 6 billion dollars to $8 billion instead of 10 to 15 like t
. >> within few days of the event, i had dave calhoun and his entire leadership team in our offices hered very tough candid conversations about what happened and why it happened yes, i'm angry it happened to our guests and our people the men on boeing is what are they going to do to improve their quality programs in house. >> today the political pressure increases as dave calhoun heads to capitol hill to talk with warner and ted cruz. they will keep, quote, boots on the ground at...
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dave calhoun basin questions about boeing safety procedures. elon musk facing investors as tesla reports after the bell. >> presidential politics, is trump-by linda siegel a certainty? if so, all of the big money that has been behind nikki haley, with the move to donald trump as he tries to retake the white house? but first let's get a check on the markets. the stock slightly higher. the nasdaq higher than a little less that 1%. there you are seeing the dow jones and the s&p 500 and half a percent it -- have a percentage. netflix getting a boost, helped by continued crackdowns on account sharing. that has been a big for them. >> boosting technology will be microsoft and meta. microsoft crossing the $3 million cab level. meta getting back above $1 trillion. >>> let's begin with the boeing ceo meeting with senators in washington to answer questions regarding the 737 blowout. the faa promises to take a direct inspection approach. and then on the ground tesla earnings after the bell have some firms expressing caution about the months ahead. wolf re
dave calhoun basin questions about boeing safety procedures. elon musk facing investors as tesla reports after the bell. >> presidential politics, is trump-by linda siegel a certainty? if so, all of the big money that has been behind nikki haley, with the move to donald trump as he tries to retake the white house? but first let's get a check on the markets. the stock slightly higher. the nasdaq higher than a little less that 1%. there you are seeing the dow jones and the s&p 500 and...
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ceo dave calhoun made the comments during a town hall staff meeting on tuesday, all boeing 737 max 9s being used by u.s. airlines, 171, are grounded until they pass a federally approved inspection. >> cnbc reporter phil lebeau was if washington state at the factory where boeing actually makes those 737 max 9 planes. the max plane involved here is actually pretty new, certified back in november, you spoke with boeing's ceo. >> reporter: they're trying to figure out what fuselage plug, the door plug to be sucked off the alaska airlines flight on friday night. dave calhoun is not wasting time saying we need to learn from this and make sure it doesn't happen again and how we can improve in the future. >> this one is a horrible escape. a horrible escape and we'll talk this one the same way. engineer answers and be certain it can never happen again, whatever information we get or glean we'll look everywhere around the spirit factories, our own factories and we'll make sure that we take steps to ensure that it can never happen again. >> reporter: part of determining what might have happened
ceo dave calhoun made the comments during a town hall staff meeting on tuesday, all boeing 737 max 9s being used by u.s. airlines, 171, are grounded until they pass a federally approved inspection. >> cnbc reporter phil lebeau was if washington state at the factory where boeing actually makes those 737 max 9 planes. the max plane involved here is actually pretty new, certified back in november, you spoke with boeing's ceo. >> reporter: they're trying to figure out what fuselage...
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now boeing ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes.don't put airplanes in the air that we don't have 100% confidence in. >> reporter: ntsb investigators have honed in on the forecourt and on my door both that should have held that% in place. an anonymous post appearing from a boeing employee alleges boeing's own records show these four bolts were not installed, raising more questions about quality control. cbs news has confirmed 737 fuselages arrived at boeing's washington plant, so many problems, manufacture assigned teams to make repairs. ed pierson as a whistle-blower. would it surprise you to learn bolts weren't put in a door panel? >> not at all. the only thing surprising to us as we are so thankful it wasn't a fatal crash. >> reporter: in a letter obtained exclusively by cbs news, senator tammy duckworth is demanding the faa decline bo boeing's. >> it is such a bold face attempt for profit over the safety of the flying public. it astonishes me that they would do that. >> reporter: tomorrow, boeing will pause production of a 737 f
now boeing ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes.don't put airplanes in the air that we don't have 100% confidence in. >> reporter: ntsb investigators have honed in on the forecourt and on my door both that should have held that% in place. an anonymous post appearing from a boeing employee alleges boeing's own records show these four bolts were not installed, raising more questions about quality control. cbs news has confirmed 737 fuselages...
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Jan 17, 2024
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also happening today, boeing's ceo dave calhoun addressing spirit aerosystem employees at a town hallor more >> tyler, that town hall meeting has just wrapped up. dave calhoun, along with pat shanahan, ceo of spirit aerosystems, addressing employees there in wichita, kansas this similar to what we saw from boeing's town hall last week the idea here is to say to the workers there, we've got to do better you cannot have these kind of quality escapes that lead to this kind of a situation by the way, spirit aero, the quality controls there have been in question for some time over the last couple of years this is not the first issue that has popped up. with regard to this issue, when it comes to the 737 max 9, as you mentioned, 40 inspections of grounded max 9s have been completed. the cdata is being analyzed by the faa. when we see these planes return to service, when the faa gives instructions in terms of this is what you need to check for remains to be seen two airlines are eager to get these planes back in the air, united and alaska. for united, its 79 max 9 planes are grounded look at
also happening today, boeing's ceo dave calhoun addressing spirit aerosystem employees at a town hallor more >> tyler, that town hall meeting has just wrapped up. dave calhoun, along with pat shanahan, ceo of spirit aerosystems, addressing employees there in wichita, kansas this similar to what we saw from boeing's town hall last week the idea here is to say to the workers there, we've got to do better you cannot have these kind of quality escapes that lead to this kind of a situation by...
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don't miss an exclusive interview with dave calhoun in the next hour on "squawk on the street."r this hour with a boeing analyst. in other news, a delaware judge voigting elon musk's $56 billion tesla pay package ruling the company's board failed to prove it was fair or that board members even negotiated with musk. the judge noting the pay scheme granted in 2018 was largest in history of public companies. shshareholders weren't happy, including the one who brought the lawsuit. current lawsuit, against musk. he may appeal the decision to the delaware supreme court. like many other companies tesla is iran torpted in delaware. following the ruling musk post add poll on x asking followers if tesla should move that incorporation to texas. >>> and media mowing's bidding $30 billion for all outstanding shares of cbs paramount global. the $30 billion includes outstanding debt. in a statement allen media group believes its bid should be taken seriously and pursued. changes in the entertainment business shares the family that controls paramount to consider offers. >>> another stock to wat
don't miss an exclusive interview with dave calhoun in the next hour on "squawk on the street."r this hour with a boeing analyst. in other news, a delaware judge voigting elon musk's $56 billion tesla pay package ruling the company's board failed to prove it was fair or that board members even negotiated with musk. the judge noting the pay scheme granted in 2018 was largest in history of public companies. shshareholders weren't happy, including the one who brought the lawsuit. current...
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Jan 26, 2024
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and i think that is what, you know, what dave calhoun and the rest of the boeing people have to do, iserstanding, if you will, making that a kind of personal commitment to rebuilding the quality brand. boeing has been a great company for a long time. they can get this done, but they're going to have to work on it. liz: did you ever experience if something like this when you were ceo? and how did you handle it at that point? >> well, we never had this kind of problem. we operated lots of boeing airplanes, and when we had a problem with those airplanes, i remember in one circumstance is we had a terrible hailstorm, and a lot of the skins of the aircraft were punctured. and boeing found a way to -- [inaudible] them and participated in the repair of those airplanes. and there wasn't a risk problem. so once again i, i don't know, this is a tough chore, but the reality is that we have, we have done that. we collectively as a nation if have built a very fine aviation safety record. we've done it by enlisting all of the people who participate to support that encompassing culture. and i think b
and i think that is what, you know, what dave calhoun and the rest of the boeing people have to do, iserstanding, if you will, making that a kind of personal commitment to rebuilding the quality brand. boeing has been a great company for a long time. they can get this done, but they're going to have to work on it. liz: did you ever experience if something like this when you were ceo? and how did you handle it at that point? >> well, we never had this kind of problem. we operated lots of...
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Jan 29, 2024
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and i believe dave calhoun and brian west will do that. tom: i have confidence in the team.hat do passengers say? is there anxiety? neil: no. when the first max committed a flying we said we wanted to switch. nobody wanted to. we are flying a high load. i came over on a full flight from dublin yesterday. people are happy to fly and we operate a safe operation. we have 546 boeing's in the fleet and they perform at a high level. tom: you you are almost exclusively boeing. neil: there were certain airlines out there last week talking about delaying. but we are very happy with this aircraft and would love to get more. tom: you are sticking with boeing for now. the summer season is looking bright. how is the demand changing? you think about the wildfires and heat of last summer. you getting more bookings for scandinavia and eastern europe? neil: we are in over 37 different countries. we have new markets like morocco. domestic morocco, albania for the first time. and a lot of demand for dubrovnik. the destinations you referred to are filling up very quickly. tom: when it comes to
and i believe dave calhoun and brian west will do that. tom: i have confidence in the team.hat do passengers say? is there anxiety? neil: no. when the first max committed a flying we said we wanted to switch. nobody wanted to. we are flying a high load. i came over on a full flight from dublin yesterday. people are happy to fly and we operate a safe operation. we have 546 boeing's in the fleet and they perform at a high level. tom: you you are almost exclusively boeing. neil: there were certain...
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Jan 24, 2024
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speaking of congress, here's dave calhoun, ceo of boeing, walking.idence in. i'm here today in the spirit of transparency to number one recognize the seriously of what you just asked, number two to share everything i can with our capitol hill interests and answer all their questions because they have a lot of them. >> what is your comment today on the news that was boeing not spirit -- >> he needs to -- >> no comment. ntsb thank you. >> thank you thank you very much. >> did the senators ask for the meeting? >> took one question ceo of boeing there saying why he's there today, to answer questions full transparency, address the safety concerns although the news not moving in boeing's favor we'll monitor that from you, let you know if we learn anything from the boeing ceo as he faces lawmakers. i wanted to leave you with two quotes on the state of the consumer puma is one, after that nike warning, puma echoed the charge and had a big miss overnight and sounded i think pretty cautious when it comes to the consumer. if we have that puma quote to pull up.
speaking of congress, here's dave calhoun, ceo of boeing, walking.idence in. i'm here today in the spirit of transparency to number one recognize the seriously of what you just asked, number two to share everything i can with our capitol hill interests and answer all their questions because they have a lot of them. >> what is your comment today on the news that was boeing not spirit -- >> he needs to -- >> no comment. ntsb thank you. >> thank you thank you very much....
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we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now investors. >>> natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas.
we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now investors. >>> natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas.
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Jan 10, 2024
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there's also some humility, and you saw that in dave calhoun�*s reaction.ly important here. that openness is what gets aviation safety to the very high levels we usually achieve. so in this case, recognising that there may be a problem, working with that national transportation safety board investigation, which is focused on the safety lessons, i think is the best way to recover this situation. so i feel heartened by that. yeah, i mean, there was, as you mentioned there, an awful lot of introspection after those first 737 max incidents, those two fatal crashes. the planes were grounded for a prolonged period. and you would wonder, with all that deep examination of these planes, how these loose bolts could have escaped attention. i think that's a really important question, and clearly the investigation will want to get to that answer as soon as it can. now, the ntsb have told us that that report may not come for a year or 18 months, which is why it's right that the company takes immediate actions to minimise any risk that might be there in the system. so cle
there's also some humility, and you saw that in dave calhoun�*s reaction.ly important here. that openness is what gets aviation safety to the very high levels we usually achieve. so in this case, recognising that there may be a problem, working with that national transportation safety board investigation, which is focused on the safety lessons, i think is the best way to recover this situation. so i feel heartened by that. yeah, i mean, there was, as you mentioned there, an awful lot of...
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Jan 26, 2024
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. >> reporter: boeing ceo dave calhoun was back on capitol hill. >> might want to make sure we're doing everything possible to ensure that these planes are safe. >> reporter: alaska and united airlines are now performing newly approved inspections on the door panels located in row 26 on alaska and row 30 on united. mechanics will confirm that door panel is properly secured and safe for flight. initial inspections found several jets with loose bolts. the airlines expect the max 9 to return to service as soon as tomorrow. >> does the plane have a credibility problem? >> the 737 max has a stained reputation as an aircraft, and boeing is going to have to work very hard to eradicate that stain, to make the public trust it again. >> reporter: the max grounding will cost alaska at least $150 million. >> the ultimate goal is to make boeing better through this process and keep our customers and our employees having a lot of confidence in this airplane going forward. >> reporter: boeing declined to comment about those reports, citing the ongoing ntsb investigation. united and alaska say passenger
. >> reporter: boeing ceo dave calhoun was back on capitol hill. >> might want to make sure we're doing everything possible to ensure that these planes are safe. >> reporter: alaska and united airlines are now performing newly approved inspections on the door panels located in row 26 on alaska and row 30 on united. mechanics will confirm that door panel is properly secured and safe for flight. initial inspections found several jets with loose bolts. the airlines expect the max...
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and in fact, the currency of, of boeing dave calhoun was brought on to rehabilitate boeing's image in 2020 now and he wants to. so boeing as a plane maker of technical prowess and not not taught follow the reputation that boeing had acquired as a plane maker. that was simply rushing planes down the assembly line with our thought rigorous control of especially supplier delivered parts. but now this incident has happened. the n t s b investigation alone is expected to take up to 18 months. regulators around the world have grounded the plane using this same adore plug. and that only means that cal, whose job has gotten that much harder for his part. however, he's problem is that boeing is going to show complete cooperation and transparency with the regulators. although it is expected that there is going to be an outcome to this investigation that would force some major changes on boeing's part a lot to find out for and i'm passenger 50. thank you so much for giving us those details to television. i do my own in washington dc as a lot of some other sorta is making headlines around the wor
and in fact, the currency of, of boeing dave calhoun was brought on to rehabilitate boeing's image in 2020 now and he wants to. so boeing as a plane maker of technical prowess and not not taught follow the reputation that boeing had acquired as a plane maker. that was simply rushing planes down the assembly line with our thought rigorous control of especially supplier delivered parts. but now this incident has happened. the n t s b investigation alone is expected to take up to 18 months....
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Jan 31, 2024
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shareholders taking comfort in what dave calhoun had to say. now after the giant reported softer add revenue than expected. evelyn mitchell wolf, let's talk more about that core search business. revenue was soft but it didn't feel that soft. is this overreaction? evelyn: it wasn't that soft. i don't know that it is an overreaction. google's business model is advertising heavy so when there is perceived weakness or volatility, it is a big deal. all that said, total ad revenue didn't miss by much. it did grow slower than we expected but search grew faster. youtube grew faster. overall, this was a decent report. katie: on ad spending, is there anything to extrapolate to other social companies? other companies reliant on ad spending? interest, snap both down this morning. evelyn: google is different. it's dependent on search advertising specifically. social media sites these days do a little of that but focus heavily on display advertising, video advertising, which google dabbles in, but it's a different advertising mix. google is well-positioned r
shareholders taking comfort in what dave calhoun had to say. now after the giant reported softer add revenue than expected. evelyn mitchell wolf, let's talk more about that core search business. revenue was soft but it didn't feel that soft. is this overreaction? evelyn: it wasn't that soft. i don't know that it is an overreaction. google's business model is advertising heavy so when there is perceived weakness or volatility, it is a big deal. all that said, total ad revenue didn't miss by...
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Jan 31, 2024
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boeing earnings beat expectations and the ceo dave calhoun publicly admits responsibility for the alaskair panel blowout. let's look at how we are tracking in australia. we have a staggered open with modest declines. we had a record high on the asx 200. it will be short-lived. we can think jay powell and the fed for that. we are backing off those highs as we speak. yields falling across the curve in the bond space. the yield on the aussie tenure now 3.9566. not a tremendous surprise. we saw u.s. equities falling off the back of the fed press conference as well. the aussie dollar 65 point five cents. new zealand trading for a while. no huge surprise. stocks off by one third of 1%. futures for the nikkei also negative. futures out of chicago modestly positive. we have a much stronger yen as well. 14682 there. annabelle: it is all about the fed. if the stock bulls have expected any rate cut by march it seemed some cold water was poured on that. futures are coming online here. some very small gains so far. in context, the moves of the prior session. the s&p 500 dropped 1.6%, the most we have
boeing earnings beat expectations and the ceo dave calhoun publicly admits responsibility for the alaskair panel blowout. let's look at how we are tracking in australia. we have a staggered open with modest declines. we had a record high on the asx 200. it will be short-lived. we can think jay powell and the fed for that. we are backing off those highs as we speak. yields falling across the curve in the bond space. the yield on the aussie tenure now 3.9566. not a tremendous surprise. we saw...
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Jan 10, 2024
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during a safety meeting on tuesday, dave calhoun addressed all of boeing's employees, the first time we've heard him speak publicly since the terrifying incident involving one of their 737 max 9 jets. calhoun describing the moment he saw the image of the hole for the first time. >> i didn't know what happened to whoever was supposed to be in that seat next to that hole in the airplane. i got kids, i got grandkids, and so do you. this stuff matters. everything matters. every detail matters. >> this comes as investigators have turned their attention to the four bolts designed to hold the part that ripped off in place. the ntsb stating that they cannot say for sure if the bolts were ever there to begin with. joining us now is the chair of the national transportation safety board, jennifer homedy. thank you very much for being with us. it is not clear yet what the mistake is that dave calhoun is talk about and i wonder if you know, does the ntsb know? >> i have a lot of questions on that statement. we don't know. we've been very focused on the door plug and on the surrounding structure,
during a safety meeting on tuesday, dave calhoun addressed all of boeing's employees, the first time we've heard him speak publicly since the terrifying incident involving one of their 737 max 9 jets. calhoun describing the moment he saw the image of the hole for the first time. >> i didn't know what happened to whoever was supposed to be in that seat next to that hole in the airplane. i got kids, i got grandkids, and so do you. this stuff matters. everything matters. every detail...
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Jan 17, 2024
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ceo dave calhoun heads to spirit aerosystems plant today.e's going to try to address quality control issues for that company. >>> plus one name that's continuing to rally? there it is. amd. it's hittingclose to its highest level since -- highest closesince 2021. optimism related to its efforts in a.i >>> let's begin with the markets. yields have been elevated today. central bankers around the world continue to push back on market pricing, but this retail sales print control group, best in about a year >> it's funny, because we had a new york number yesterday that was too weak, and when i saw this number, i said, maybe this is what we need to appease those who think we're about to go into a recession. so, we care tremendously about whether we're going to lose the soft landing, but we also, david, as you know, care that the ten-year not go too far above 4% so, you've got this kind of push me-pull you. i like the retail sales because it's against the narrative that we're going have a recession >> right i like it. sure that works for me. i think
ceo dave calhoun heads to spirit aerosystems plant today.e's going to try to address quality control issues for that company. >>> plus one name that's continuing to rally? there it is. amd. it's hittingclose to its highest level since -- highest closesince 2021. optimism related to its efforts in a.i >>> let's begin with the markets. yields have been elevated today. central bankers around the world continue to push back on market pricing, but this retail sales print control...
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Jan 8, 2024
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yvonne: that's what we heard from ceo dave calhoun saying they will focus on this incident and the key question for investors is is this a one-off or we talking about longer implications. rishaad: they had a problem with planes having engines refitted for 60 days. that's another story altogether. really overshadowing the announcement of different planes, no one is even talking about that. david: one stock to track, japan is shut so futures are trading low, coming off a strong headline on the job sprint. bloomberg economics pointed out everything underneath the hood is pointing to further softening in the jobs market and we are book ended by u.s. inflation. we will talk more about that. this is a big story, if you had to bet as far as china trade that for more easing and yields are pushing to multi-year lows. rishaad: it's against a backdrop of staying higher for longer in the u.s. and the differential gets wider. the path of least resistance will be to the downside. if you are a china doll or bowl you might be in luck. yvonne: nobles were quiet. david: the santa claus rally took them b
yvonne: that's what we heard from ceo dave calhoun saying they will focus on this incident and the key question for investors is is this a one-off or we talking about longer implications. rishaad: they had a problem with planes having engines refitted for 60 days. that's another story altogether. really overshadowing the announcement of different planes, no one is even talking about that. david: one stock to track, japan is shut so futures are trading low, coming off a strong headline on the...
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Jan 10, 2024
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dave calhoun alluded to it.ht next to the hole in that plane. tom: yes but beyond that, will there be a next time? the news is not encouraging. to me the single tip point was when united said we've got problems as well. that is when it shifted from is this one isolated plane or not and not reigned supreme within our uncertainty. jonathan: what does it mean for the business? you heard what jeffrey said. you had michael complaining about the delays to deliveries. there is a real chance given that we do not know what will happen here that we could see further delays to those deliveries. the response from analysts is that opal tometi you will see cancellations -- ultimately you will see cancellations of all of this. they have been ramping up production because the oil block is compact. tom: the common thing from brooke sutherland at jefferies is simple. this is about covid and diminished labor force quality. frankly you are hearing that a lot from other industries as well. i look at team surveillance and there is no
dave calhoun alluded to it.ht next to the hole in that plane. tom: yes but beyond that, will there be a next time? the news is not encouraging. to me the single tip point was when united said we've got problems as well. that is when it shifted from is this one isolated plane or not and not reigned supreme within our uncertainty. jonathan: what does it mean for the business? you heard what jeffrey said. you had michael complaining about the delays to deliveries. there is a real chance given that...
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Jan 10, 2024
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boeing's ceo, dave calhoun, acknowledging the company's mistake after this dramatic an in-flight blowout. here's the issue as you mentioned -- calhoun did not exactly say what the mistake is. you hear ntsb chair jennifer homendy say this morning that she wants to talk to boeing's ceo but they have not spoken yet. one question investigators will ask boeing is whether or not they had any previous problems with the door plug, that is the part of the left side of alaska 1282 that shot off with an explosive bang on friday at 16,000 feet. remember, this is a door that's visible from the outside of the plane. normal window, wall, and seats inside the plane. what is critical here are the bolts that essentially keep this part from shooting off. both alaska airlines and united airlines say they've discovered loose bolts as they prepare for these faa-mandated inspections. united noted possible installation problems. want you to listen to now part of this company-provided excerpt from boeing's all-hands safety meeting held yesterday and ceo dave calhoun told employees that boeing will be a huge part
boeing's ceo, dave calhoun, acknowledging the company's mistake after this dramatic an in-flight blowout. here's the issue as you mentioned -- calhoun did not exactly say what the mistake is. you hear ntsb chair jennifer homendy say this morning that she wants to talk to boeing's ceo but they have not spoken yet. one question investigators will ask boeing is whether or not they had any previous problems with the door plug, that is the part of the left side of alaska 1282 that shot off with an...
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Jan 24, 2024
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>> john, the boeing ceo dave calhoun was asked about the report, said no comment and talk to the ntsb. it's not going to fly with lawmakers after the report even more fired up about investigating boeing. >> this is getting pretty crazy. seems a new story every second or third day about a problem with boeing. looks like the cause of the door plug coming out in flight was actually a boeing maintenance problem. so clearly they need to answer some questions and we need to get to the bottom of what's going on in the company. >> mr. calhoun met with senator warner and senator sully can, and tomorrow ted cruz, as boeing tries to save face with washington and regulators. faa is ramping up oversight of boeing. they have moved into boeing 737 max factory and boots on the ground there. faa says moving on from a trust but verify approach to a direction inspection of boeing aircraft and they say they will not leave the factory until they are confident the issues have been resolved. major airlines are losing confidence in boeing. united stepping back from a planned order for the max 10 aircraft, th
>> john, the boeing ceo dave calhoun was asked about the report, said no comment and talk to the ntsb. it's not going to fly with lawmakers after the report even more fired up about investigating boeing. >> this is getting pretty crazy. seems a new story every second or third day about a problem with boeing. looks like the cause of the door plug coming out in flight was actually a boeing maintenance problem. so clearly they need to answer some questions and we need to get to the...
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Jan 16, 2024
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this will be an adviser who reports to ceo dave calhoun and admirable kirkland donald.finds to ceo dave calhoun is boeing is moving quickly to try to say not only to advisers and wall street but also to regulators in washington, we are doing a deep dive quickly in terms of where our quality is and what needs to change so, that's the latest on boeing and the max9 investigation guys, back to you. >> seems like a lot more news on that front so much news in your world today, phil. i wanted to ask you about this tweet from elon musk over the weekend that reads in part -- >> yeah. >> i'm uncomfortable growing tesla to be a leader in ai and robotics without having approximately 25% voting control. enough to be influential, but not so much that i can't be overturned emphasize mine unless that is the case i would prefer to build products outside of tesla i mean a lot of people see this as thoughing down the gauntlet for the board. >> publicly negotiating. he wants more. and he's got the leverage to it, contessa that's why he's doing this look, he is enough of a maverick that you
this will be an adviser who reports to ceo dave calhoun and admirable kirkland donald.finds to ceo dave calhoun is boeing is moving quickly to try to say not only to advisers and wall street but also to regulators in washington, we are doing a deep dive quickly in terms of where our quality is and what needs to change so, that's the latest on boeing and the max9 investigation guys, back to you. >> seems like a lot more news on that front so much news in your world today, phil. i wanted to...
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Jan 30, 2024
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victoria, you say that this is in essence a job interview for boeing ceo dave calhoun. >> this might first times that investors will really not care about q4 numbers. they came in decently strong. we really are focussed what's the path forward? will the max 7 and max 10 get certification? we want information on that. are they going to pull their guidance? update their guidance. so much has changed since the end of q4. i hate to say this, i discount anything the numbers have to say because the new normal came around january 5th. there's so many signs we like. southwest today said, okay, fine, if the 7 certification is delayed, we'll take max 8. the max 8 is their most popular jet liner and 7 and 8 are fairly similar. 7 are smallest, 172. the 8s around 200, 210. they're trying to compete with air bus. the thing here, southwest pointed out recently, it's not like customers can go to air bus and say i would like some airplanes now, please, air bus. there's a lot of backlog. and so, yes, the 7 and 10, if they are not certified, that could slow things down. reduction in guidance. so we're
victoria, you say that this is in essence a job interview for boeing ceo dave calhoun. >> this might first times that investors will really not care about q4 numbers. they came in decently strong. we really are focussed what's the path forward? will the max 7 and max 10 get certification? we want information on that. are they going to pull their guidance? update their guidance. so much has changed since the end of q4. i hate to say this, i discount anything the numbers have to say because...
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Jan 25, 2024
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i'm going to have to interrupt we have the boeing ceo dave calhoun on capitol hill. >> do you agree with's decision to bar expansion of the max? is it too soon for the max to fly? >> mr. calhoun, obviously meeting with senators but not with reporters there as they follow him to an elevator bank in one of the senate office buildings on capitol hill. if there is any news made, well, there go the doors not going to be news made now. let's go back to kate and robert go ahead, kate >> thanks, tyler rob, thanks for sticking with us here i want to talk more broadly about your outlook you sound optimistic about the year you said you consider yourself to be an e-commerce company. it's fascinating to hear food executives talk about the restaurant sector. what is your biggest headwind right now for the sector for 2024 as you look out ahead >> i would say our biggest headwind as a company is probably the global instability we're seeing right now obviously, we have a lot of markets across europe, the middle east, even asia that still are figuring out, you know, what the future holds. you know, we are
i'm going to have to interrupt we have the boeing ceo dave calhoun on capitol hill. >> do you agree with's decision to bar expansion of the max? is it too soon for the max to fly? >> mr. calhoun, obviously meeting with senators but not with reporters there as they follow him to an elevator bank in one of the senate office buildings on capitol hill. if there is any news made, well, there go the doors not going to be news made now. let's go back to kate and robert go ahead, kate...
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Jan 24, 2024
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boeing ceo dave calhoun was asked about it, he says he has no comment and to talk to the ntsb, but that with lawmakers who are even more toured up about investing boeing. boeing's ceo said they don't put airplanes in the area -- air they are not so 0 -- is 00% confident in. mr. calhoun, how do you win customers back who say they're never going to get on a boeing mane because they don't feel safe? many calhoun, how do you get those customers back who say they're too scared to get on a boeing plane? you don't have any words of assurance for customers? >> we believe in our airplanes. we feel -- field safe airplanes, our people do. we have confidence in the safety of our airplanes, and that's what all of this is about. and we fully understand the gravity. >> reporter: but one of your planes fell apart in the sky. calhoun is continuing to meet face to face with senators, he met with senator mark warner, senator dan sullivan, he's expected to meet with senator ted cruz. lawmakers have been demanding an investigation into boeing in the aftermath of the mid-air blowout where a piece of the plan
boeing ceo dave calhoun was asked about it, he says he has no comment and to talk to the ntsb, but that with lawmakers who are even more toured up about investing boeing. boeing's ceo said they don't put airplanes in the area -- air they are not so 0 -- is 00% confident in. mr. calhoun, how do you win customers back who say they're never going to get on a boeing mane because they don't feel safe? many calhoun, how do you get those customers back who say they're too scared to get on a boeing...
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Jan 16, 2024
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this event involving dave calhoun will happen tomorrow around 12:30 p.m. eastern.hat story. >>> we have this breaking news, the u.s. military has carried out a third airstrike now aimed at the iranian-backed houthi mill that shah in retaliation for the rebel group's attack on a u.s. owned and operated cargo ship in the red sea yesterday. at a white house briefing in the last hour, the nsc spokesman, john kirby, confirmed the attacks but said the u.s. is not looking for a war with yemen's houthis. as the situation in the middle east escalates, big oil producer royal dutch shell has suspended all red sea shipments overliesing of more houthi attacks -- overliesings of -- over risks of more houthi attacks. edward lawrence at the white house with more on what appears to still be a very is serious hot zone. >> reporter: it is. and chevron is saying they will continue to go through the red sea, so we'll have to see when that shifts there. this latest flurry of attacks and responses by the u.s. comes after an anti-cruise, anti-ship cruise missile hit a u.s. owned and opera
this event involving dave calhoun will happen tomorrow around 12:30 p.m. eastern.hat story. >>> we have this breaking news, the u.s. military has carried out a third airstrike now aimed at the iranian-backed houthi mill that shah in retaliation for the rebel group's attack on a u.s. owned and operated cargo ship in the red sea yesterday. at a white house briefing in the last hour, the nsc spokesman, john kirby, confirmed the attacks but said the u.s. is not looking for a war with...
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Jan 8, 2024
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dave calhoun, ceo of boeing, will be there, as will stan deal, who runs boeing commercial airplanes. stephanie pope, new coo, there will be members of boeing's board there. there is no doubt that questions are -- keep cropping up here about quality control. and why there seem to be these persistent issues that come up when it comes to the 737 max. that will be addressed tomorrow during the town hall. also take a look at spr, spirit aerosystems. they make fuselages for the max. they make the door plug. no indication yet that they're responsible for what happened on friday night. but certainly, a lot of questions there, which is why spirit was down, look, melissa, earlier in the day, premarket, i think it was down 19%, 20%. a lot of questions in terms of what's been happening at spirit, as well as with boeing. >> yeah, other airline contractors also down on the back of just these fears they are associated in some way with the accident. phil, i'm curious, though, you know, when it comes to, spirit makes the plug, loose bolts, who is is in charge? there's an implication that whoever unsi
dave calhoun, ceo of boeing, will be there, as will stan deal, who runs boeing commercial airplanes. stephanie pope, new coo, there will be members of boeing's board there. there is no doubt that questions are -- keep cropping up here about quality control. and why there seem to be these persistent issues that come up when it comes to the 737 max. that will be addressed tomorrow during the town hall. also take a look at spr, spirit aerosystems. they make fuselages for the max. they make the...
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Jan 10, 2024
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. >> dave calhoun hablo a su personal durante una reunion y dijo que trabaja con los los reguladoresl fallo por parte de boeing. >> a y united son las dos unicas aerolineas estadounidenses que utilizan el 737 max 9 y han dejado su flota en (mÚsica) >> a viernes hoy comenzo la feria de tecnologia en las vegas dominada por la inteligencia artificial. >> alli encontramos desde un robot que sirve cafe, hasta el prototipo de un auto electrico volador, pasando por un vehiculo disenado para conductores en silla de ruedas y un monitor que con realidad virtual permite a los medicos diagnosticar enfermedades. >> las maravillas de la ciencia >> las maravillas de la ciencia y la kk - marcela y yo nos vamos a casar en un mes. - felicidades. - tÚ nunca vas a ser como armando. y nunca vas a tener una mujer como yo,
. >> dave calhoun hablo a su personal durante una reunion y dijo que trabaja con los los reguladoresl fallo por parte de boeing. >> a y united son las dos unicas aerolineas estadounidenses que utilizan el 737 max 9 y han dejado su flota en (mÚsica) >> a viernes hoy comenzo la feria de tecnologia en las vegas dominada por la inteligencia artificial. >> alli encontramos desde un robot que sirve cafe, hasta el prototipo de un auto electrico volador, pasando por un vehiculo...
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Jan 25, 2024
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. >> that was boeing ceo dave calhoun on capitol hill.makers grilling him behind closed door about the safety of his company's planes it all comes after that mid-air emergency after a door plug blew off an alaska airlines jet the faa halting production of 737 max planes until they are sure problems are resolved let's get a look with steve sedgwick >> good morning to you, frances. it was a mixed statement from the faa, from the regulators there as well. mike whittaker said we're not going to agree to any request for boeing expansion and production until we are satisfied quality control issues are resolved that was the bad news. the good news is they have approved inspection instructions for max 9 aircraft that's what they have been waiting for to get these planes back into service. a very mixed statement from the faa. tesla under a lot of pressure. 6% lower in shares overnight what they do in session will be very interesting they face slower growth. the numbers were underwhelming elon musk talking about a lower-cost car in the second half
. >> that was boeing ceo dave calhoun on capitol hill.makers grilling him behind closed door about the safety of his company's planes it all comes after that mid-air emergency after a door plug blew off an alaska airlines jet the faa halting production of 737 max planes until they are sure problems are resolved let's get a look with steve sedgwick >> good morning to you, frances. it was a mixed statement from the faa, from the regulators there as well. mike whittaker said we're not...
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Jan 9, 2024
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and at the facility in renton today, ceo dave calhoun will be holding an all-employee town hall safety meeting. he'll be there with the head of boeing commercial airplanes, chief operating officer stephanie pope who just moved into that job. essentially this is calhoun and the leadership of boeing saying we have to do better. what can we do in order to do better, that this is going to be a primary focus. we've heard thisbefore from calhoun and his team, that safety and quality is job one, as you take a look at shares of boeing as well as shares of spirit aerospace. the bottom line is this, jim, the question now becomes separate from the ntsb investigation -- and it may takes weeks or months until we know the cause of what happened friday night -- how does boeing -- how do airlines reassure passengers that the aircraft they are building are as safe as possible. >> phil, let's talk about the timeline here. where was boeing in saying, listen, we've got to take your planes out of service versus the faa saying you guys have to take these planes out of service? >> well, that's not boeing's j
and at the facility in renton today, ceo dave calhoun will be holding an all-employee town hall safety meeting. he'll be there with the head of boeing commercial airplanes, chief operating officer stephanie pope who just moved into that job. essentially this is calhoun and the leadership of boeing saying we have to do better. what can we do in order to do better, that this is going to be a primary focus. we've heard thisbefore from calhoun and his team, that safety and quality is job one, as...
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Jan 10, 2024
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. >>> boeing's ceo dave calhoun said the company is, acknowledging our mistake.following the midflight blowout of an alaska airlines door plugged that happened last friday. calhoun became emotional as he discussed the incident at a company staff meeting yesterday. he thanked the pilots and crew of the alaska airlines flight . the faa has temporarily grounded all boeing 737 max-9 planes pending inspections. calhoun said his company will cooperate with the federal investigation. >>> we say good morning to our friends in the community of san jose. as you wake up to the said line. your city is now looking for a new police chief. the city's top cop anthony mata announced he is retiring after 28 years, protecting and serving in san jose. while he will not be the chief, he is not hitting the links either. he will continue to serve as head of the investigations bureau at the county das office. we know recruiting police as a replacement may not be easy as cities all over the country struggle to fill police vacancies. here is the pitch for san jose two prospects from a or
. >>> boeing's ceo dave calhoun said the company is, acknowledging our mistake.following the midflight blowout of an alaska airlines door plugged that happened last friday. calhoun became emotional as he discussed the incident at a company staff meeting yesterday. he thanked the pilots and crew of the alaska airlines flight . the faa has temporarily grounded all boeing 737 max-9 planes pending inspections. calhoun said his company will cooperate with the federal investigation....
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Jan 25, 2024
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boeing's ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes. we don't put airplanes in the air that we don't have 100% confidence in. >> reporter: investigators have honed in on the four bolts that should have held the panel in place. an anonymous post appearing to be from a boeing employee alleges boeing's own record show these four bolts were not installed, raising more questions about quality control. cbs news has confirmed 737 fuselages arrived at boeing's renton, washington, plant with so many problems, the manufacturer assigned a team to be on site to make repairs. ed pierson is a former boeing senior manager-turned-max whistleblower. would it surprise you to learn that bolts weren't put in a door panel? >> not at all. in fact, the only thing surprising to us is we're so thankful that it wasn't a fatal crash. >> reporter: in a letter obtained exclusive by cbs news, senator tammy duckworth is demanding the faa deny bowling's request for safety waivers on a future version of the 737 max. >> it is such a bold-faced attempt to put profits ove
boeing's ceo dave calhoun is meeting with senators on capitol hill. >> we fly safe planes. we don't put airplanes in the air that we don't have 100% confidence in. >> reporter: investigators have honed in on the four bolts that should have held the panel in place. an anonymous post appearing to be from a boeing employee alleges boeing's own record show these four bolts were not installed, raising more questions about quality control. cbs news has confirmed 737 fuselages arrived at...
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Jan 25, 2024
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boeing ceo dave calhoun was on capitol hill today to meet with several senators following the meeting made some brief comments to reporters outside. >> shared everything i could understands the gravity of the situation going make sure that we convey our message and all the work that we're doing in our favor our people and our >> in a statement today, the faa was very clear. the agency will not agree to any requests from boeing for an expansion in production or prove any additional production lines for 7, 3, 7 max aircraft until the quality control issues they've recovered are resolved. >> the first look at sketches of california's high-speed rail cars. interior, people can expect to see the inside can expect to see the inside for themselves. look mom, i found one. oh, yeah, you did. but we need an atm from our bank unless you want to spend a small fortune in fees. uh, no, thank you. banking with us means more fee-free atms than the two largest us banks combined. well, that would be convenient but there is no b-m-o here. ah, you can just call us bee-mo, and there is now. you know what
boeing ceo dave calhoun was on capitol hill today to meet with several senators following the meeting made some brief comments to reporters outside. >> shared everything i could understands the gravity of the situation going make sure that we convey our message and all the work that we're doing in our favor our people and our >> in a statement today, the faa was very clear. the agency will not agree to any requests from boeing for an expansion in production or prove any additional...
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Jan 24, 2024
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calhoun, heading to capitol hill meeting with lawmakers in the wake of the alaska airlines mid-air door blow out on a 737 max nine. >> this month, alaska airlines ceo ben minicucci, also speaking out, saying he's frustrated and angry, adding that inspectors have now found loose bolts on many of the max nine jets grounded since the incident. minakuchi is sending his own inspectors to audit boeing's quality control systems. he acknowledges his airline was lucky. no one was seated next to that door. >> there were only seven open seats and we had a guardian angel. honestly on that airplane. >> and now more problems for boeing. united airlines, which also flies the max nine, says it also found loose bolts and due to quality concerns, is now rethinking its commitment to boeing for future orders. boeing says workers at its 737 factory will stop work tomorrow to hold workshops on quality control. meanwhile in atlanta, one of your nose tires just came off. >> it just rolled off the runway behind you. >> a tire fell off a delta boeing jet before takeoff, and experts say it was likely a maintenanc
calhoun, heading to capitol hill meeting with lawmakers in the wake of the alaska airlines mid-air door blow out on a 737 max nine. >> this month, alaska airlines ceo ben minicucci, also speaking out, saying he's frustrated and angry, adding that inspectors have now found loose bolts on many of the max nine jets grounded since the incident. minakuchi is sending his own inspectors to audit boeing's quality control systems. he acknowledges his airline was lucky. no one was seated next to...
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Jan 26, 2024
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. >> boeing ceo dave calhoun was on capitol hill this week meeting with lawmakers trying to convince them his company's planes, our safe to fly. this comes 20 days now after that door panel blew off the boeing 7.37. max 9 jet liner mid-flight. senators say calhoun, we'll have to answer more questions from the commerce committee. a public hearing the planes are returning to service, but now the faa is putting limits on boeing's mass production of 7.37. max jets. other airlines are now counting on adding the max 7 to their fleet this year. they're not counting on that. congress is asking legislation they want legislation to hold boeing accountable >> they're a broader problem that makes likely that there will be other safety issues on other planes. don't think we know enough now. >> the national transportation safety board is actively investigating the accident to figure out exactly what caused the door to blow off. no word yet on a date scheduled for the public hearings with boeing's ceo. >> levi's is laying off 10 to 15% of its workforce. the denim giant, which is based in san franci
. >> boeing ceo dave calhoun was on capitol hill this week meeting with lawmakers trying to convince them his company's planes, our safe to fly. this comes 20 days now after that door panel blew off the boeing 7.37. max 9 jet liner mid-flight. senators say calhoun, we'll have to answer more questions from the commerce committee. a public hearing the planes are returning to service, but now the faa is putting limits on boeing's mass production of 7.37. max jets. other airlines are now...
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Jan 8, 2024
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that's from dave calhoun yesterday.e'll be holding an employee town hall tomorrow, along with stan diehl, stephanie pope, the new c.o.o. at boeing. there will be some board members there, the leadership team from boeing. they're in renton, washington, and they're going to be talking with employees tomorrow about focusing on making sure they build the safest planes possible. one last note. take a look at shares of spirit. jim brought this up earlier. i'm at a loss for words in terms of what to say here, jim. we have talked about this off air, on air, repeatedly. now, we don't know if spirit is directly implicated in terms of what caused this accident, but we do know that they made the plug and they make the fuselages for the max, so there are questions about whether or not spirit -- what role they may have played in this, and that's why shares of spirit are down more than 12%. >> you know, phil, we all remember when boeing kind of off loaded spirit. it was one of those things that really kind of raised numbers for boeing
that's from dave calhoun yesterday.e'll be holding an employee town hall tomorrow, along with stan diehl, stephanie pope, the new c.o.o. at boeing. there will be some board members there, the leadership team from boeing. they're in renton, washington, and they're going to be talking with employees tomorrow about focusing on making sure they build the safest planes possible. one last note. take a look at shares of spirit. jim brought this up earlier. i'm at a loss for words in terms of what to...
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Jan 10, 2024
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addressing employees, dave calhoun said boeing would approach the issue with complete transparency.on, dc on tuesday. he appeared before a threejudge panel, who heard his legal team's argument that trump is immune from criminal prosecution for allegedly trying to overturn the 2020 election. trump is testing the limits of what's known as presidential immunity: a legal defense that a us president cannot be prosecuted for most actions taken while occupying the oval office. here's our north america editor sarah smith. donald trump is arguing that the us constitution gives presidents complete immunity from prosecution, notjust when they are in office but forever afterwards, so he says he cannot be tried for his attempts to overturn the 2020 election result. his lawyer in court even suggested that, hypothetically, a president could order the murder of a political rival and still escape a criminal trial. and then on the other side, prosecutors are arguing that acts that they want to try donald trump for, election interference, were not official presidential actions and therefore not covere
addressing employees, dave calhoun said boeing would approach the issue with complete transparency.on, dc on tuesday. he appeared before a threejudge panel, who heard his legal team's argument that trump is immune from criminal prosecution for allegedly trying to overturn the 2020 election. trump is testing the limits of what's known as presidential immunity: a legal defense that a us president cannot be prosecuted for most actions taken while occupying the oval office. here's our north america...
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Jan 11, 2024
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. >> reporter: tonight, boeing ceo dave calhoun is working to understand the breakdowns in the company'sufacturing and testing of new boeing 737 max 9s rolling off the line in this renton, washington, factory. issues leading to a door panel blowing out in flight and the discovery of loose bolts on several other planes. >> i didn't even know what happened to whoever was supposed to be in the seat next to that hole. i got kids. i got grandkids. and so do you. >> reporter: 177 people were on that alaska airlines flight friday night. calhoun is now facing a second max crisis. he became ceo in the wake of the initial grounding of the 737 max after two deadly crashes linked to a design flaw killed 346 people. >> they need to be safe, reliable, and built to the specifications with the reliability. >> reporter: airline industry analyst henry harteveldt says it is more than rebuilding credibility with the airlines. >> if the public doesn't trust boeing, they will eventually start to avoid boeing planes and the airlines that fly them. >> reporter: with the max 9 grounded, alaska has canceled more
. >> reporter: tonight, boeing ceo dave calhoun is working to understand the breakdowns in the company'sufacturing and testing of new boeing 737 max 9s rolling off the line in this renton, washington, factory. issues leading to a door panel blowing out in flight and the discovery of loose bolts on several other planes. >> i didn't even know what happened to whoever was supposed to be in the seat next to that hole. i got kids. i got grandkids. and so do you. >> reporter: 177...
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Jan 25, 2024
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. >> reporter: boeing ceo dave calhoun was back on capitol hill. >> want to make sure we are doing everything possible to ensure that these planes are safe. >> reporter: alaska and united airlines are now performing newly approved inspections on the door panels located in row 26 on alaska and row 30 on united. properly secured and safe flight. initial inspections found several jets with loose bolts. the airlines expect the max 9 terrorist returned to service as soon as tomorrow. >> does the plane have a credibility problem? >> 737 max has a strained reputation as an aircraft and boeing is going to have to work very hard to eradicate that stain, to make the public trust it again. >> reporter: the max routing will cost alaska at least $150 million. >> the ultimate goal is to make boeing better through this process and keep our customers and our employees having a lot of confidence in this airplane going forward. >> reporter: now boeing declined to comment about those reports, citing the ongoing ntsb investigation. united and alaska say passengers who are booked on a max 9 who do not want to fly
. >> reporter: boeing ceo dave calhoun was back on capitol hill. >> want to make sure we are doing everything possible to ensure that these planes are safe. >> reporter: alaska and united airlines are now performing newly approved inspections on the door panels located in row 26 on alaska and row 30 on united. properly secured and safe flight. initial inspections found several jets with loose bolts. the airlines expect the max 9 terrorist returned to service as soon as...