0
0.0
Jan 25, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
some progress to get the max 9b9 9 back up in the sky phil lebeau has more phil >> frank, the faa madey that is good news for the airlines operating the max 9 thas that were groundd here is the faa decision that came out yesterday here is what it means for boeing as well as the airlines. the rules have been set for ungrounding the max 9s with alaska and united. they can start doing the work to make sure the planes are ready to fly again the faa is telling boeing you cannot expand max production if you want to expand in the future, we have to give you final approval that is one decision along with reviewing boeing safety culture. we expect a report from the faa recording that safety culture in the next couple weeks. it is the halt on expansion that is weighing on shares of boeing. remember, they make 38 737 maxs right now. supposed to go up to 42 this quarter and ultimately 50 per month in 2025 and 2026 does the company push those plans out further which has implications in terms of revenue and free cash flow in a statement yesterday, boeing said we will continue to cooperate and transp
some progress to get the max 9b9 9 back up in the sky phil lebeau has more phil >> frank, the faa madey that is good news for the airlines operating the max 9 thas that were groundd here is the faa decision that came out yesterday here is what it means for boeing as well as the airlines. the rules have been set for ungrounding the max 9s with alaska and united. they can start doing the work to make sure the planes are ready to fly again the faa is telling boeing you cannot expand max...
0
0.0
Jan 16, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i'm phil lebeau with breaking news regarding boeing. shares of boeing, the company has named an independent adviser to assess the quality of its commercial airplane manufacturing business the independent adviser is admiral kirkland donald, the chair of huntington eagles industry, he'll report directly to boeing's ceo. boeing announced it would be doing a review of all commercial airplane manufacturing facilities, the process from start to finish. now we know who will lead that again, admiral kirkland donald, will report directly to boeing's ceo dave calhcalhoun. >> i read an interesting article over the weekend that had the opinion that because it appears that the problem with the door plug was a manufacturing related problem as presumably opposed to a design related problem, that may make it, in fact, harder to fix, because a design related problem, if you fix the design and correct it on the individual aircraft, you're done. but here, you're kind of -- if it's manufacturing, there's so many steps, so many parts, so many chain of deliv
i'm phil lebeau with breaking news regarding boeing. shares of boeing, the company has named an independent adviser to assess the quality of its commercial airplane manufacturing business the independent adviser is admiral kirkland donald, the chair of huntington eagles industry, he'll report directly to boeing's ceo. boeing announced it would be doing a review of all commercial airplane manufacturing facilities, the process from start to finish. now we know who will lead that again, admiral...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau covering all angles of this story. it does seem to be a boeing and spirit aerosystems problem and not an airline problem, indicating this is not a prolonged issue that will ground flights for a long time, guy, but still, how do we think about this, a company whose reputation is really -- i'll put it to question once again. >> not the first time with boeing. we've done this story in different iterations, but we've done it a number of times. i think the question is, how do you trade the stock. everybody thinks boeing just makes commercial planes, they do. but guess what? $18 billion in revenue last quarter, $6 billion of it was defense. so, this is a defense company, as well. tim talks about that. forget about valuation for a second. and let's just talk about where the stock -- unfortunately, the stock had a huge rally, we rallied up to previous highs, seemingly have failed given today. 50% retracement of the fall low 170ish in this recent high gets you to 220. that's a logical police to start getting long again in the s
phil lebeau covering all angles of this story. it does seem to be a boeing and spirit aerosystems problem and not an airline problem, indicating this is not a prolonged issue that will ground flights for a long time, guy, but still, how do we think about this, a company whose reputation is really -- i'll put it to question once again. >> not the first time with boeing. we've done this story in different iterations, but we've done it a number of times. i think the question is, how do you...
0
0.0
Jan 10, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>> all right, phil, thank you. terrific interview. phil lebeau., 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 financial impact. and i understand. you're a financial analyst, so, you have to plug things into the model, but aside from a financial impact, which may be tens of millions of dollars in the next couple of weeks or so, is there a bigger impact that you're concerned about that will hamper the stock? >> sure. i think i want to take that in two parts and we can get into the backdrop of why boeing has a lot of let's say upside to it, over the long-term, just, there's a secular growth market for these planes, but in terms of the impact of this incident, i like that estimate of two-week grounding. what i would worry about is if somehow this bolt or door issue spreads to hundreds of more planes and the groundings go on for more weeks. that would, again, add up to some
>> all right, phil, thank you. terrific interview. phil lebeau., 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 financial impact. and i understand. you're a financial analyst, so, you have to plug things into the model, but aside from a financial impact, which may be tens of millions of dollars in the next couple...
0
0.0
Jan 10, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau covering the boeing story again today. the cnbc nrf index and what it's signaling about deflation in a minute. meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. >>> got some new consumer data steve liesman has that this morning. good morning, steve. >> good morning, carl. the cnbc retail monitor using actual credit card data from affinity solutions shows retailers chalking up decent gains but the true state of spending may be clouded by a new factor, guys, which is deflation. retail sales taking on auto and gas. that's our top line monitor. up 0.4%. down from that really strong november 0.8% gain. core retail taking out restaurants struggling a bit more. 0.2% compared to 0.7 in november. for the year, monitor was up 3.1 and core up 2.4%. economists have been expecting a cooldown after the outsiz
phil lebeau covering the boeing story again today. the cnbc nrf index and what it's signaling about deflation in a minute. meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. >>> got some new consumer data steve liesman has that this morning. good morning,...
0
0.0
Jan 19, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau has more on the story.melissa, this is part of the white house ongoing push to expand ev adoption. a big part of that is you have a lot of people when it comes to buying an ev, i can't do anything if i want to drive it long distance with charging anxiety. the charging network in the countr country stinks. the public charging structure. aside from the tesla network, there is a lot to be desired with the public chargers. the white house today is saying it is taking a number of steps between today and yesterday. here are the steps. first of all, it will come out with new charger tax credit rules if you want a charger in your home. they are putting $46 million into ev worker training. not just in work on ev batteries and electric vehicles, but chargers and networks.chargers,e white house will put 14mi$149 million into the network of public chargers. the public chargers in the country with wildly inefficient in terms you sometimes stop and you get one that works and a lot of times you get one broken or slow to c
phil lebeau has more on the story.melissa, this is part of the white house ongoing push to expand ev adoption. a big part of that is you have a lot of people when it comes to buying an ev, i can't do anything if i want to drive it long distance with charging anxiety. the charging network in the countr country stinks. the public charging structure. aside from the tesla network, there is a lot to be desired with the public chargers. the white house today is saying it is taking a number of steps...
0
0.0
Jan 5, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau takes us inside the numbers. >> a lot of people were asking, what is wrong with the ev market? >> it's growing, just perhaps expectations were getting too frothy in terms of how quickly it would grow. look at the growth compared to '22 and '21. it's been steady. it might get close to 9.5%, 10%. tesla is the stock i want to show you. sales overall deliveries were up about 33% worldwide, up 25.4% in the u.s. they've had steady growth, especially when it comes to the model y and the model 3. has the dominance eroded? yes, largely because there's so many other evs in the market right now. this is the comparison of evs versus hybrids. hybrids have outpaced evs over the year. evs are about $so,000, on average, more expensive than hybrids, at least at this time. you have tesla at 55.1%, then hyundai, kia, gm, ford, volkswagen. they're all growing their sales, but when you look at gm and ford, once they said they would defer some of their ev investment, that was part of taking the bloom off the rose, if you will. finally, i have to look at rivian, fisker and lucoulucid, know how much
phil lebeau takes us inside the numbers. >> a lot of people were asking, what is wrong with the ev market? >> it's growing, just perhaps expectations were getting too frothy in terms of how quickly it would grow. look at the growth compared to '22 and '21. it's been steady. it might get close to 9.5%, 10%. tesla is the stock i want to show you. sales overall deliveries were up about 33% worldwide, up 25.4% in the u.s. they've had steady growth, especially when it comes to the model...
0
0.0
Jan 10, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
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 come out over the last couple of days, it'
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...
0
0.0
Jan 22, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau is on the newsline with that story. phil, this is beyond those 900 max planes.at are grounded. this safety alert is not for a max model. this safety alert that was issued last night by the faa is for 737-900extended range models and essentially what they're saying is look, we want the airlines that have these planes to do visual inspecs of the mid-section door plugs and that's because of the grounding of the max 9s. here's an important distinctions and of the 737-900ers, these aircraft remain in service. they are not grounded so why has the safety alert been posted? some of the airlines that have these 737s and by the way, these have been flying for a number of years. very -- a lot of service with these planes. some of the airlines were doing some checks of the door plugs once the max 9 as you came up and they came up with what the faa report says were findings with the door plugses and you need to do visual inspecs of these -- there are 504 of these that are in service around the world and the bulk of them flown by delta, united and alaska airlines. if you look
phil lebeau is on the newsline with that story. phil, this is beyond those 900 max planes.at are grounded. this safety alert is not for a max model. this safety alert that was issued last night by the faa is for 737-900extended range models and essentially what they're saying is look, we want the airlines that have these planes to do visual inspecs of the mid-section door plugs and that's because of the grounding of the max 9s. here's an important distinctions and of the 737-900ers, these...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil, thank you. our phil lebeau. let's talk about the markets more broadly. boeing is weighing significantly on the dow and the s&p and the nasdaq posting nice gains and my next guest says there's too much optimism and the market is no longer cheap. joining me is the vice chair at ariel investments. charlie, good to see you. welcome. >> good to see you, kelly. happy new year. >> you know what's been busy today? healthcare deals. every time i turn around there seems to be something else in the space. does that entice you as an investor to draw from it? >> i own a couple and we own dentsal implants and spinal products and they'll be taking over half their business and the stock is up 100%. as an owner, we have small and mid-cap value stocks and m and a tend to be bought rather than doing fine. >> right. >> i would say health care, there's a lot of change and change produces m and a and the roll out of the new weight loss drugs is going to have big implications for lots of people and some companies in pharma who lived off of covid drugs for the last couple of ye
phil, thank you. our phil lebeau. let's talk about the markets more broadly. boeing is weighing significantly on the dow and the s&p and the nasdaq posting nice gains and my next guest says there's too much optimism and the market is no longer cheap. joining me is the vice chair at ariel investments. charlie, good to see you. welcome. >> good to see you, kelly. happy new year. >> you know what's been busy today? healthcare deals. every time i turn around there seems to be...
0
0.0
Jan 25, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
lebeau what is it, phil >> contessa, it is lack of - look, if you are an investor and you listened tot cal and you read the report abou the queue for results, there i very little in there that give you optimism heading into 2024 it doesn't mean that there things are going to fall apart at texla, but the headwind are there in terms of what thi company is facing right now. if you look at it, it you have the global ev market the growth of evs worldwide, it's slowing it doesn't mean they're no growing, they're just no growing as quickly as they were, let's, say a year or two ago pricing pressure, we've talked about this will they have to cut prices even more, especially in china and speaking of china, elo musk talked about the expansio of chinese automakers. remember, their biggest factor is over in shanghai, and tha factory is a big part of the success they've had ramping up deliveries over the last coupl of years and for 2024, many wer expecting them to give guidanc saying hey, we are going t deliver at least, i don't know 2.1, 2.5, or 2.2 million vehicles they did not give any guidance
lebeau what is it, phil >> contessa, it is lack of - look, if you are an investor and you listened tot cal and you read the report abou the queue for results, there i very little in there that give you optimism heading into 2024 it doesn't mean that there things are going to fall apart at texla, but the headwind are there in terms of what thi company is facing right now. if you look at it, it you have the global ev market the growth of evs worldwide, it's slowing it doesn't mean they're...
0
0.0
Jan 16, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> phil, thank you very much phil lebeau reporting for us. >>> coming up, the goldman standard goldmanachs bhoeing away earnings estimates plus, top executives weighing in across the network today we'll recap the key take aways in three-stock lunch "power lunch. we'll be right back. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones >>> welcome back to "power lunch. earnings season heating up today with results from more big banks. let's bring in leslie picker hi, leslie >> hey, contessa yeah, morgan stanley results weighing on the stock today. currently down a little more than 5%. most analysts have described the quarter as effectively just okay and the stock reaction is reflective of that there was a slow down in net new assets into wealth management leading to flat revenue in that division during the quarter. here is the title of the note, they describe morgan stanley's quarter as, quote, similar to the cowboy's and eagle's the potential is much better than how they ended the year this, of course, was c
. >> phil, thank you very much phil lebeau reporting for us. >>> coming up, the goldman standard goldmanachs bhoeing away earnings estimates plus, top executives weighing in across the network today we'll recap the key take aways in three-stock lunch "power lunch. we'll be right back. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones >>> welcome back to "power lunch. earnings...
0
0.0
Jan 3, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau has the numbers. phil? >> hi, melissa. what have you done for me lately is what investors say when it comes to the auto stocks. we'll explain why general motor shares were under pressure today, despite the fact it picked up market share in the u.s. in 2023. look at the december sales numbers, and a couple of things stand out. first of all, toyota up 15%. we'll talk about their hybrids in a bit, becausethe number of sales, the growth in hybrids in december was astounding. hyundai up 5%, gm, a fractional increase. for the fourth quarter, gm sales were actually down 7.3%, compared to the third quarter. as you take a look at shares of general motors, that's a little bit of what investors were digesting today, saying, okay, not real crazy about that, why didn't they have the same growth there? there's the full year market share, 16.3%. they pick up 0.3%. and then with toyota, listen to this. the december hybrid sales for toyota, up 63%. one out of every three vehicles sold by toyota last month was a hybrid. it's red-hot. that m
phil lebeau has the numbers. phil? >> hi, melissa. what have you done for me lately is what investors say when it comes to the auto stocks. we'll explain why general motor shares were under pressure today, despite the fact it picked up market share in the u.s. in 2023. look at the december sales numbers, and a couple of things stand out. first of all, toyota up 15%. we'll talk about their hybrids in a bit, becausethe number of sales, the growth in hybrids in december was astounding....
0
0.0
Jan 25, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
want to get straight over to phil lebeau.his is a beat on the top and bottom lines for american airlines, earning 29 cents a share, well above the street estimate of 10 cents a share revenue coming in better than expected at $13.06 billion the numbers within the numbers in the fourth quarter, revenue down 6.4%. cost per seat mile excluding fuel up 4.2% with capacity increasing 5.8%. now to the guidance, the first quarter, the company is expecting a loss in the range of 15 to 35 cents a share the consensus is for a loss of 17 cents a share revenue per seat mile will be negative 3.35% capacity expected to grow 6.5 to 8.5% for 2024, the earnings per share guidance is 225 to 325 the street is expecting 225. so they're a little bit above where the street is in terms of a full year profit with total revenue for the year flat to negative 3%. don't forget, we'll be talking with robert isom, ceo of american airlines coming up in about 25 minutes, guys american beating on the top and the bottom line. we'll send it back you to. >> thank
want to get straight over to phil lebeau.his is a beat on the top and bottom lines for american airlines, earning 29 cents a share, well above the street estimate of 10 cents a share revenue coming in better than expected at $13.06 billion the numbers within the numbers in the fourth quarter, revenue down 6.4%. cost per seat mile excluding fuel up 4.2% with capacity increasing 5.8%. now to the guidance, the first quarter, the company is expecting a loss in the range of 15 to 35 cents a share...
0
0.0
Jan 17, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's get to phil lebeau for more >> tyler, that town hall meeting has just wrapped up.t 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 the selloff here since this incident, really in the last week, as -- we don't know how l
let's get to phil lebeau for more >> tyler, that town hall meeting has just wrapped up.t 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...
0
0.0
Jan 2, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau has the details. phil?erally, in line with expectations. a little bit better than expected for tesla. let's start off with tesla. production just shy of 500,000 vehicles in the fourth quarter. the deliveries coming in at basically 485,000. better than the street was expecting. the street was expecting 473,000. in terms of deliveries for all of 2023, they did surpass their guidance of 1.8 million vehicles. an increase of 38%, compared to 2022. and then you have the question of, what is expected in 2024? the expectation is 2.1 million vehicles, that's theconsensus. though the tesla bulls are saying, look, i wouldn't be surprised if we get 2.2 to 2.4 million. those are the optimistic reports out there. a possible catalyst is the refreshed model y, which is expected in the middle of next year, starting first off in china and then potentially coming over here to the united states. take a look at shares of tesla. remember, the fourth quarter financials come out on january 24th. we'll hear from elon musk after the
phil lebeau has the details. phil?erally, in line with expectations. a little bit better than expected for tesla. let's start off with tesla. production just shy of 500,000 vehicles in the fourth quarter. the deliveries coming in at basically 485,000. better than the street was expecting. the street was expecting 473,000. in terms of deliveries for all of 2023, they did surpass their guidance of 1.8 million vehicles. an increase of 38%, compared to 2022. and then you have the question of, what...
0
0.0
Jan 16, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
so, cnbc's phil lebeau has the latest here. phil, this was one that was going to get a lot of scrutiny to begin with. why even go through with this and what happens now >> those are all the questions that we asked of jetblue and spirit when they agreed to this in july of 2022. well, here we are. and the judge has said, look, i'm looking out for those spirit customers who like the low cost model. so, as you take a look at this deal, it basically, the judge is saying, this is not good for cost conscious flyers. j jetblue and spirit is assessing, what is their next step? do we want to appeal there's no guarantee you may have a different outcome but it raises the question, what happens with the airlines away from the big four? delta, american, southwest, united they've got two-thirds of the market in the u.s. and then you have alaska at 6.4% if jetblue and spirit had merged and it went through, they would have had 10.5% of the market as it is,000 you have two companies that are looking at what their next options are jetblue's break
so, cnbc's phil lebeau has the latest here. phil, this was one that was going to get a lot of scrutiny to begin with. why even go through with this and what happens now >> those are all the questions that we asked of jetblue and spirit when they agreed to this in july of 2022. well, here we are. and the judge has said, look, i'm looking out for those spirit customers who like the low cost model. so, as you take a look at this deal, it basically, the judge is saying, this is not good for...
0
0.0
Jan 9, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau, thank you for following this for us.e appreciate it. >> you bet. >>> we'll do a three-stock lunch here in the top half of the program today because of the airline news. here with our trades is a partner with wall street alliance group, first up, welcome, adeal. we're glad to have you with us. >> great to be with you. >> fantastic. let's talk about boeing the company of course still dealing with those 737 9 max jets. the shares are flat today. down about 10% on the week. the trade here, adeal? >> so, for us this would be a sell. because, you know, this is a company every time it seems like they have things back on track, another major catastrophe like this happens and it derails it. so they just finished a very strong year with increased plane deliveries, and now investors have to deal with this type of a catastrophe again. we just feel that from an investment point of view, there are so many other opportunities available out there that we would simply stay clear of boeing. so for us, it would be a sell. >> okay. let's mo
phil lebeau, thank you for following this for us.e appreciate it. >> you bet. >>> we'll do a three-stock lunch here in the top half of the program today because of the airline news. here with our trades is a partner with wall street alliance group, first up, welcome, adeal. we're glad to have you with us. >> great to be with you. >> fantastic. let's talk about boeing the company of course still dealing with those 737 9 max jets. the shares are flat today. down about...
0
0.0
Jan 10, 2024
01/24
by
MSNBCW
tv
eye 0
favorite 0
quote 0
katy, back to you. >> phil lebeau, thank you very much.se it's quite scary. >>> homeland security secretary, alejandro mayorkas, what republicans accused him of on capitol hill. flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. known as a passionate artist. known for loving the outdoors. known for getting everyone together. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 16 types of cancer, including certain early-stage cancers. one of those cancers is triple-negative breast cancer. keytruda may be used with chemotherapy medicines as treatment before surgery and then continued alone after surgery when you have early-stage breast cancer and are at high risk of it coming back. keytruda can cause your immune system to attack healthy parts of your body during or after treatment. this may be severe and lead to death. see your doctor right away if you have cou
katy, back to you. >> phil lebeau, thank you very much.se it's quite scary. >>> homeland security secretary, alejandro mayorkas, what republicans accused him of on capitol hill. flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. known as a passionate artist. known for loving the outdoors. known for getting everyone together. no one wants to be known for...
0
0.0
Jan 22, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and phil lebeau but united. 38,000 here at the close for the dow. >> little follow-through. for the first three weeks of the, year the message here was, you know, the market is you know, paying back in some ways for the rally in the fourth quarter but wasn't breaching any of the trip wires where you would, say okay, something a little more sinister is going on. still staying in that routine zone the breakout to new highs, as we've talked, about as other people talked about, it tends to be more bullish signal than a warning sign. all that in the books you say, what would i look for if i were trying to find something to worry about? credits not really going to do the trick. the market did not really surrender the breath move for the fourth quarter. definitely test today. you're seeing it bounce again today. here and i think the willingness of the market to live with a firmer economy, better economic news, pushing out of the fed first rate cut, at least on paper, it's a net positive. >> rates up for the right reaso
and phil lebeau but united. 38,000 here at the close for the dow. >> little follow-through. for the first three weeks of the, year the message here was, you know, the market is you know, paying back in some ways for the rally in the fourth quarter but wasn't breaching any of the trip wires where you would, say okay, something a little more sinister is going on. still staying in that routine zone the breakout to new highs, as we've talked, about as other people talked about, it tends to be...
0
0.0
Jan 9, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's goat phil lebeau to fill us in on what's going on. phil?nd alaska, when they initially started doing these inspections, preparing for what ultimately would be the checklist from the faa in terms of do these inspections, if they're clear, you're good to go. they haven't received the final word from the faa but they did start preparing their aircraft, the max 9s they have that are grounded for those inspections, and what happened when they started looking at them? alaska yesterday saying that they found loose parts in some of the door plugs on max 9s as they were beginning their inspections. alaska has 65 max 9 planes. not as many as united. united earlier yesterday reported that it found loose bolts in some of the max 9 planes that it was inspecting. united has 9 max 9 planes in its fleet. again, they are both awaiting final approval from the faa to do those inspections and then once those inspections, if they meet all of the requirements, that will clear the planes to go back into service. meanwhile, for boeing, the focus is on rent in wash
let's goat phil lebeau to fill us in on what's going on. phil?nd alaska, when they initially started doing these inspections, preparing for what ultimately would be the checklist from the faa in terms of do these inspections, if they're clear, you're good to go. they haven't received the final word from the faa but they did start preparing their aircraft, the max 9s they have that are grounded for those inspections, and what happened when they started looking at them? alaska yesterday saying...
0
0.0
Jan 11, 2024
01/24
by
KNTV
tv
eye 0
favorite 0
quote 0
after a near catastrophic midair emergency, the ceo of boeing, in an exclusive interview with cnbc's phil lebeau, says he was devastated and emotional seeing the gaping hole in that alaska airlines max 9 friday night. >> what i really saw was the empty seat, and i had spent a week with my kids and grandkids, and so enough said. >> reporter: thankfully no one was seated near the hole during a boeing safety stand-down tuesday, ceo david calhoun told employees, airline and passenger confidence in boeing is at stake. >> we're going to approach this, number one, acknowledging our mistake. >> reporter: the ntsb's focus, that blown out door plug, looking for signs of metal fatigue and whether it was ever properly secured four critical bolts have not yet been recovered. both alaska and united airlines, which fly the max 9, report finding loose bolts around other max 9 door plugs >> how did an unsafe airplane fly in the first place? >> because a quality escape occurred. >> reporter: calhoun doesn't know if the breakdown in production line quality control happened at spirit aerosystems, which makes
after a near catastrophic midair emergency, the ceo of boeing, in an exclusive interview with cnbc's phil lebeau, says he was devastated and emotional seeing the gaping hole in that alaska airlines max 9 friday night. >> what i really saw was the empty seat, and i had spent a week with my kids and grandkids, and so enough said. >> reporter: thankfully no one was seated near the hole during a boeing safety stand-down tuesday, ceo david calhoun told employees, airline and passenger...
0
0.0
Jan 17, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
will they reiterate it the next time they give guidance. >> phil, thank you phil lebeau. >>> still to's new ceo, alex chriss he'll give us the outlook for that business. it's been a rough couple of years. you can see that right there we're back with that how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> welcome back to "squawk on the street" i'm bertha coombs with your cnbc news update a deal to transfer medicine to israeli hostages is u
will they reiterate it the next time they give guidance. >> phil, thank you phil lebeau. >>> still to's new ceo, alex chriss he'll give us the outlook for that business. it's been a rough couple of years. you can see that right there we're back with that how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now....
0
0.0
Jan 25, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's get over to phil lebeau and find out what he's thinking when it comes to this earnings report is particularly good, phil? >> no. and basically it's what everybody else is thinking not just reporters but analysts. everybody says the same thing. where is the guidance? it's vague in terms of what you're expecting next year you give people vague guidance, you get the stock reaction that you have today here are the takeaways from tesla's earnings report last night. very scant in terms of details so if you're sitting there saying well i'm expecting this, hard to hang your hat on anything 24 deliveries, didn't give a number, notably lower growth than in 2023 and did say they expect to begin production on the next generation, this is the lower priced model in the second half of 2025 that's a goal not written in stone elon musk had this warning. >> the chinese car companies are the most competitive in the world. i think they will have significant success outside of china depending on what kind of tariffs or trade barriers are established. if there are not trade barriers established they
let's get over to phil lebeau and find out what he's thinking when it comes to this earnings report is particularly good, phil? >> no. and basically it's what everybody else is thinking not just reporters but analysts. everybody says the same thing. where is the guidance? it's vague in terms of what you're expecting next year you give people vague guidance, you get the stock reaction that you have today here are the takeaways from tesla's earnings report last night. very scant in terms of...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> we've got more breaking news on boeing and for that we get to phil lebeau. >> looking at sharesement from boeing regarding a report that came out this morning from dominic gates at the seattle time, long-time aviation reporter there. citing an anonymous whistle-blower who says that the door plug in question on alaska airlines, it was installed improperly by boeing and as a result, the blame when they ultimately figure out exactly what happened here will go on boeing the article goes on to talk about the culture, lacking the safe safeguards that should be in place. and from boeing, as the air safety responsible for investigating the accident only the u.s. national transportation safety board can release information about the investigation as a party to this investigation, boeing is not able to comment and will refer you to the ntsb for any information. pretty standard language what you would expect the company to say, essentially we're not commenting until the ntsb reaches an ultimate conclusion about the root cause for this accident we've heard from ntsb's chair, where she said
. >> we've got more breaking news on boeing and for that we get to phil lebeau. >> looking at sharesement from boeing regarding a report that came out this morning from dominic gates at the seattle time, long-time aviation reporter there. citing an anonymous whistle-blower who says that the door plug in question on alaska airlines, it was installed improperly by boeing and as a result, the blame when they ultimately figure out exactly what happened here will go on boeing the article...
0
0.0
Jan 31, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
our phil lebeau is live with the ceo.ood morning, phil. >> dave calhoun, ceo of boeing, fourth quarter, smaller than expected loss, but it's the guidance for 2024. you're postponing it. when will you give us guidance for 2024? i say "us." investors. >> not surprising, i hope, to anybody, our full attention, our full focus as a company is to make certain that we never have a safety escape again, learn everything we can from the accident, learn everything we can from the faa's audit, learn everything we can from the standdown that we had and all the ideas that were given to us by our own people, and that ret requires all of our attention, all of our energy. this isn't a vote of confidence or not confidence. this just isn't the right time. nobody needs additional time pressure at this moment. >> the ntsb initial conclusions are expected any day, maybe within the next week or so, and the early reports that have leaked out say that the bolts were not in the door plug on the alaska airlines plane. if that's true, and we don't k
our phil lebeau is live with the ceo.ood morning, phil. >> dave calhoun, ceo of boeing, fourth quarter, smaller than expected loss, but it's the guidance for 2024. you're postponing it. when will you give us guidance for 2024? i say "us." investors. >> not surprising, i hope, to anybody, our full attention, our full focus as a company is to make certain that we never have a safety escape again, learn everything we can from the accident, learn everything we can from the...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's get to phil lebeau with the latest. phil?> and sara, let me give you an update on where the investigation stands because the ntsb and the faa are both working not only to figure out what happened, but also what airlines who have a max 9 should do to inspect those planes. in terms of the investigation into the alaska airlines flight, the focus for the ntsb investigators is the plug that was ripped off the 737 max 9 on friday night on a flight from portland to southern california. they have found the plug, by the way, and they are looking at that. in addition to what you see here, the hole in the side of the airplane, 171 max 9s have been grounded. alaska and united have been adjusting their schedules. they're the two u.s. airlines that fly the max 9. in terms of the global fleet, 218 have been delivered, but just 171 of them have the plug and the deactivated door in question. those are the ones that are grounded. united has 79 max 9s, alaska 65 and six other foreign airlines that have 74 max 9s. those are grounded until the fa
let's get to phil lebeau with the latest. phil?> and sara, let me give you an update on where the investigation stands because the ntsb and the faa are both working not only to figure out what happened, but also what airlines who have a max 9 should do to inspect those planes. in terms of the investigation into the alaska airlines flight, the focus for the ntsb investigators is the plug that was ripped off the 737 max 9 on friday night on a flight from portland to southern california. they...
0
0.0
Jan 12, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau joins us now with a very special guest this morning. phil? >> thank you, andrew. of delta airlines. beat on the top and bottom line. let's talk about the end of last year, more importantly what is going on in '24. strong end to the year. but it was a clean quarter and that's what you expected if you had a clean quarter, right? >> that's exactly right. thank you for coming down, phil. i know you had a busy week. appreciate seeing you down here in atlanta. i want to thank our team, our team did an amazing job, all through the fourth quarter. we did deliver a great set of results. starts with the operations, our operational reliability was best in class across the industry, all through the quarter. holiday periods, christmas, new year's, that's our super bowl. we showed that 15-day period during that stretch. we served a report 9 million customers on 60,000 flights, 90% on time, and less than 40 cancellations in aggregate over two weeks. so, that speaks to the health of the business, the demand set is following through accordingly. we set a record this year on revenu
phil lebeau joins us now with a very special guest this morning. phil? >> thank you, andrew. of delta airlines. beat on the top and bottom line. let's talk about the end of last year, more importantly what is going on in '24. strong end to the year. but it was a clean quarter and that's what you expected if you had a clean quarter, right? >> that's exactly right. thank you for coming down, phil. i know you had a busy week. appreciate seeing you down here in atlanta. i want to thank...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau joins us with more on this.ely, becky, and i don't think we're going to have answers. i would be surprised if we have answers today. maybe we'll get some more answers in terms of exactly what happened and a move towards a solution in the next couple of days. but if that happens, i think people are going to say, wow, boeing is getting off relatively kw quickly in terms of a major, major scare for the airline, for the company as well as for the airlines that fly the max 9. everybody has seen the video that came out over the weekend from inside the alaska airlines plane. we'll talk about that in just a little bit. here's the focus of the investigation. the fuselage plug, which is essentially where an emergency door would be. it's been plugged as part of the manufacturing process. the pressurization problems with this particular aircraft three times before this incident. the ntsb describes them at least initially as being benign issues, but did that play a role in what ultimately happened in the air and the groundin
phil lebeau joins us with more on this.ely, becky, and i don't think we're going to have answers. i would be surprised if we have answers today. maybe we'll get some more answers in terms of exactly what happened and a move towards a solution in the next couple of days. but if that happens, i think people are going to say, wow, boeing is getting off relatively kw quickly in terms of a major, major scare for the airline, for the company as well as for the airlines that fly the max 9. everybody...
0
0.0
Jan 25, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the ceo joins me now, along with phil lebeau. phil, the floor is yours >> thank you, tyler.anks for joining us today. let's start off with the max 9 we'll talk about the business in terms of what you want to get back to, but we'll talk about that in a bit. i want to talk first about the max 9. you have the first ones potentially going back into service tomorrow how long will it take you to get all of those 65 back in service? >> hi, phil. good to see you again. and good morning, tyler. so phil, we're starting the inspections today. like you said, the first one friday we expect within a week our entire 65 airplanes, or close to that, should be up, back in full service, and we should be back to full schedule sometime later next week. >> you've said that you're angry, understandably, angry about what happened three weeks ago. and the fact that the follow-up inspections, you guys found loose bolts in many aircraft the question that a lot of people have, have you expressed that anger directly to dave calhoun and stan diehl at boeing, saying this is beyond unacceptable what happen
the ceo joins me now, along with phil lebeau. phil, the floor is yours >> thank you, tyler.anks for joining us today. let's start off with the max 9 we'll talk about the business in terms of what you want to get back to, but we'll talk about that in a bit. i want to talk first about the max 9. you have the first ones potentially going back into service tomorrow how long will it take you to get all of those 65 back in service? >> hi, phil. good to see you again. and good morning,...
0
0.0
Jan 10, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
lebeau. phil? >> thank you, kelly. dave, i think the main question a lot of people have, in addition to what the status of the max 9 is, what was your reaction when you saw the alaska airlines blow out in the video friday night? >> devastated, emotional. i saw the picture everybody saw in the opening, but what i really saw was the empty seat. and i spent a week with my kids and grand kids. so enough said. i imagine every human being who would see that understands the severity and the consequence. so, umm, immediately you get to work. that's what you have to do. i want to just take my hat off and our company's hat off to the alaska air team, specifically the crew that train most of their lives to handle that moment, hoping they never will, but they did. and the crew, alongside the pilots, handled it as well as it can be handled. the plane landed safely, and there are no fatalities. and then the leadership team did exactly what it needed to do. it grounded the airplanes. the faa immediately gro
lebeau. phil? >> thank you, kelly. dave, i think the main question a lot of people have, in addition to what the status of the max 9 is, what was your reaction when you saw the alaska airlines blow out in the video friday night? >> devastated, emotional. i saw the picture everybody saw in the opening, but what i really saw was the empty seat. and i spent a week with my kids and grand kids. so enough said. i imagine every human being who would see that understands the severity and...
0
0.0
Jan 12, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau will have an exclusive. faa administrator mike whitaker. the agency launched the investigation in the boeing 737 lineup. >>> and ed bastian will speak out as well. that is coming up in the 7:00 hour. >>> ahead of the closesinging bell, we get the let eatest loo inflation which is showing the increase from headline. >>> and earnings season kicks off. bank of america, citigroup and jpmorgan chase and wells fargo and delta airlines and united health reporting. on watching oil this morning on the back of the allied air strikes. wti is 4% higher. brent crude is easing back, but close tothe $80 a barrel. >>> crypto with the 11 spot etfs with massive in fflows yesterda. wisdom tree is down 3.5%. the grayscale etf down 1%. ahead of that, let's check on the futures. take a look at futures. we had a mixed picture today. still seeing the same thing. the dow off the highs from early this morning. it will open up 45 points higher. with all that in mind, let's bring in simeon hyland and bill stone. good morning to both of you. great to have you here. >>
phil lebeau will have an exclusive. faa administrator mike whitaker. the agency launched the investigation in the boeing 737 lineup. >>> and ed bastian will speak out as well. that is coming up in the 7:00 hour. >>> ahead of the closesinging bell, we get the let eatest loo inflation which is showing the increase from headline. >>> and earnings season kicks off. bank of america, citigroup and jpmorgan chase and wells fargo and delta airlines and united health...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>> a lot to follow here, phil, you will be talking about this all day. phil lebeau, thank you. shares of boeing down more than 8%. let's get more on boeing and the analyst view with sheila kahyaoglu. good morning. >> thank you. >> phil detailed the latest developments with boeing. the door plug flying off the plane mid air. does what happened here and these ongoing issues with the 76 737 max change your outlook? >> we remain with the target price. this is one of the smaller variants. there are 171 grounded. less than 1% of the global fleet out there. it is 2% of the backlog. there will be a cost implication of this. how we are thinking about that this morning is twofold. first, think about every max at $10 million of cash flow per copy. it is set to go up to $5 billion in 2024. we are assuming production goes up to 545 aircraft. boeing is generating $5.5 billion of free cash flow from the max. in terms of the cost implications, twofold. one is going to be cost concession to the airlines. some implication of that. second is the production ramp and will there be a hiccup from 38
>> a lot to follow here, phil, you will be talking about this all day. phil lebeau, thank you. shares of boeing down more than 8%. let's get more on boeing and the analyst view with sheila kahyaoglu. good morning. >> thank you. >> phil detailed the latest developments with boeing. the door plug flying off the plane mid air. does what happened here and these ongoing issues with the 76 737 max change your outlook? >> we remain with the target price. this is one of the...
0
0.0
Jan 11, 2024
01/24
by
KNTV
tv
eye 0
favorite 0
quote 0
our phil lebeau talked with the boeing ceo last night on "nightly news" as boeing tries to regain theorld's trust. >> i saw the picture that everybody saw was the opening, and what i really saw was the empty seat, and i saw the week with my kids and grandkids, so and i would bet everybody that saw that knows the consequence. >> google's parent company, alphabet, had a huge layoff about a year ago, thousands and thousands and then more cuts and drips and drabs. this layoff is bigger than usual, in the hundreds. inflation has been slowing. prices are steadying, and wall street last month got a little frothy thinking the fed will cut rates in response, and we will know more in 15 minutes. and then open ai is training articles. our podcast, "sand hill road," talk about the future of ai, and president biden signed the executive order over artificial intelligence at the white house. i asked what was it like to hang out at the white house? >> most breathtaking was when you walk in, just the amount of history in that building was frankly, overwhelming and at points emotional, and you see pict
our phil lebeau talked with the boeing ceo last night on "nightly news" as boeing tries to regain theorld's trust. >> i saw the picture that everybody saw was the opening, and what i really saw was the empty seat, and i saw the week with my kids and grandkids, so and i would bet everybody that saw that knows the consequence. >> google's parent company, alphabet, had a huge layoff about a year ago, thousands and thousands and then more cuts and drips and drabs. this layoff...
0
0.0
Jan 11, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
what david calhoun told phil lebeau. >>> and the countdown is on for what could be a major market event. december cpi report. we speak with moody's mark zander about that report. >>> and we look ahead to taiwan's presidential election and why events on the tiny island could have massive implications. >>> and later in the show, the big bank risking a fourth quarter loss in the middle of the hmassive turn around plan. it is thursday, january 11th, 2024. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome to "worldwide exchange." i'm frank holland. let's start your day with the kickoff of the u.s. stock futures check. after a higher day for stocks that saw the nasdaq extend the win streak to four and s&p turn positive on the year. we are seeing in the green across the board with the dow opening up 40 points higher. the nasdaq is the best in the pre-market up over .30%. we are checking the bond market with the ten-year yield holding below the key 4% mark. you see 3.994. we will continue to watch the moves on the bond yields throughout the morning. this action here
what david calhoun told phil lebeau. >>> and the countdown is on for what could be a major market event. december cpi report. we speak with moody's mark zander about that report. >>> and we look ahead to taiwan's presidential election and why events on the tiny island could have massive implications. >>> and later in the show, the big bank risking a fourth quarter loss in the middle of the hmassive turn around plan. it is thursday, january 11th, 2024. you are watching...
0
0.0
Jan 11, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
what david calhoun told phil lebeau. >>> and the countdown is on for what could be a major market
what david calhoun told phil lebeau. >>> and the countdown is on for what could be a major market
0
0.0
Jan 18, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> i want to switch gears to phil lebeau on spirit airlines. >> reporter: "the wall street journal" is reporting that spirit airlines is considering its financial options. they are not saying restructuring, are not mentioning bankruptcy, but that has been the concern that has been floating around among investors about whether or not spirit airlines, now that the jetblue merger has been blocked, has the financial wherewithal in order to continue or does it have to restructure in bankruptcy through chapter 11? look, they could ultimately go down to chapter 7 liquidation. they don't have a lot they can sell because part of a lease buyback raised about $400 million recently, in the last couple of months. what you're looking at right now is more pressure on spirit airlines down 23% and, again, "the wall street journal" reporting the company is looking at its financial options. guys, back to you. >> phil, thank you very much. that's a big, important move. kari, what do you make of something like this? not entirely surprising. what are they going to do? >> well, they don't have many option
. >> i want to switch gears to phil lebeau on spirit airlines. >> reporter: "the wall street journal" is reporting that spirit airlines is considering its financial options. they are not saying restructuring, are not mentioning bankruptcy, but that has been the concern that has been floating around among investors about whether or not spirit airlines, now that the jetblue merger has been blocked, has the financial wherewithal in order to continue or does it have to...
0
0.0
Jan 31, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> our phil lebeau has done a lot of great reporting on this.here are certainly a lot of unanswered questions when it comes to the max 7 and max-10. at the same time it ee like a good news, bad news situation. deliveries to china are still going on, but united starting to look at airbus. wrap it up in a bow for us going forward. if you're an investor, how do you deal with the risk around the new max certifications. china is good, but the airbus is bad. >> it's not a great headwindline. the max has a very large backlog. commercial travel continues to be very robust. there are other airlines that would gladly step in. there are some like united that might move out from some of their stocks. we feel like the company clearly has execution issues it needs to work through. that's why we think if we get through some of the near-term issues the stock remains attractive in the longer term. the max 7 likely pushing out very limited in terms of its backlog and what it represents in the business today. we still like the story longer terming and we'll see wh
. >> our phil lebeau has done a lot of great reporting on this.here are certainly a lot of unanswered questions when it comes to the max 7 and max-10. at the same time it ee like a good news, bad news situation. deliveries to china are still going on, but united starting to look at airbus. wrap it up in a bow for us going forward. if you're an investor, how do you deal with the risk around the new max certifications. china is good, but the airbus is bad. >> it's not a great...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the call kicks off later this hour phil lebeau joins us now on the numbers. phil >> the numbers are not encouraging if you are a tesla investor they missedon the top and bottom line. the company earning 7 is1 cents share. revenue coming in shy of expectations at $25.17 billion there is some encouraging news in terms of gross auto margins, excluding zero emission vehicle credits. the expectation was for 15.7%, as that gross margin figure, they came in at 17.1%. so, better than expected, actually, better sequentially than the third quarter so, why are people perhaps wringing their hands a little bit and wonder what the future holds for tesla? it's because the company is not giving guidance in terms of 2024 deliveries in fact, the company did say in its release and we'll get more from elon musk in a half hour, hopefully, that deliveries this year will be notably lower than the rate of delivery growth in 2023 the worlds note bly lower, those are tesla's words. just for a point of reference, the company's delivery rate increased by 24% in 2023 that was down from 4
the call kicks off later this hour phil lebeau joins us now on the numbers. phil >> the numbers are not encouraging if you are a tesla investor they missedon the top and bottom line. the company earning 7 is1 cents share. revenue coming in shy of expectations at $25.17 billion there is some encouraging news in terms of gross auto margins, excluding zero emission vehicle credits. the expectation was for 15.7%, as that gross margin figure, they came in at 17.1%. so, better than expected,...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
first in a cnb exclusive it was united airlines scott kirby speaking with our phil lebeau.e's disappointed the manufacturing chamgs keep happening and the adds that his fleet plans do not include versions of the 737 max-9 jet>>> as we've gone through the last year internally as united, we've grown increasingly to believe at best case the max-10 gets pushed further to the right the max-9 is probably the straw that broke the camel's back to us we're going to at least build a plan that max-10 isn't in it we're going to build an alternative plan. >> while boeing is not commenting, they did say in a statement in part, quote, we have let down our airline customers and are deeply soy for the significant disruption to them, their employees, and their passengers we are taking action on a comprehensive plan to bring these airplanes safely back to service and to improve our quality and delivery performance. just hours ago the ceo of alaskan airlines speaking with "nbc nightly news" saying they found many loose bolts on inspections of the planes and he's angry, frustrated, and disappoi
first in a cnb exclusive it was united airlines scott kirby speaking with our phil lebeau.e's disappointed the manufacturing chamgs keep happening and the adds that his fleet plans do not include versions of the 737 max-9 jet>>> as we've gone through the last year internally as united, we've grown increasingly to believe at best case the max-10 gets pushed further to the right the max-9 is probably the straw that broke the camel's back to us we're going to at least build a plan that...
0
0.0
Jan 26, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's get to phil lebeau with the latest good morning, phil. >> good morning, sara.k dropped within the last hour from jetblue a short 8 k, saying that they are looking at the merger agreement with spirit and that certain conditions, certain terms are not met they can terminate the proposed merger after on or after the 28th, which is sunday. i bring this up because not only is that in the 8 k but next week we get jetblue's quarterly earnings announcement or financials and so you get the question here, and i know it's going to be coming, is this them setting up say sunday, monday, tuesday, we're done with this merger, then they have the financial announcements and they can to a certain extent wipe the slate clean and go from here no one -- no indication they have decided to terminate the merger but the language in the 8 k says they have that option as of the 28th. they are assessing all of their options when it comes to this proposed merger. that's one story in the airline industry the other story, has to do with the 737 max 9 and the return to service. you've got ala
let's get to phil lebeau with the latest good morning, phil. >> good morning, sara.k dropped within the last hour from jetblue a short 8 k, saying that they are looking at the merger agreement with spirit and that certain conditions, certain terms are not met they can terminate the proposed merger after on or after the 28th, which is sunday. i bring this up because not only is that in the 8 k but next week we get jetblue's quarterly earnings announcement or financials and so you get the...
0
0.0
Jan 9, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau has all of the details. >> hey, kelly. the ntsb, we do not expect to have an update for several weeks. they had the last update last night in portland and said hey, we're going to go back and start analyzing the materials and go from there. meanwhile, the airlines, and we're talking alaska and united, they're waiting on the faa to give the final, yes, you can do the inspections and return your part 737 max 9s, when they return to service remains unclear. will it happen this week? will it be longer? part of the reason for this is that loose parts at both alaska and united were found on those grounded planes. how many, the extent of those loose parts when they were looking inside the fuselage remains to be determined in terms of how much we learn about those. meanwhile, out in washington at the 737 max plant, in will be an employee safety town hall that will be taking place in a couple of hours. that will be led by boeing's ceo. we know what his message will be. there has to be a better performance by the company, especially
phil lebeau has all of the details. >> hey, kelly. the ntsb, we do not expect to have an update for several weeks. they had the last update last night in portland and said hey, we're going to go back and start analyzing the materials and go from there. meanwhile, the airlines, and we're talking alaska and united, they're waiting on the faa to give the final, yes, you can do the inspections and return your part 737 max 9s, when they return to service remains unclear. will it happen this...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
lebeau here with the numbers and the narratives >> let's start with the numbers, because this will be -- this will drive the stock immediately after the release comes out after the bell before the earnings call. you're looking at eps of 73 cents a share. the gross auto margins, if it comes in north of 15.7%, that may give some relief to the investors trading after hours. free cash flow coming in, $1.67 billion. that in terms of the narrative, it's all about the 2024 production guidance, delivery guidance what does the company say in terms of what it expects to deliver in the coming year most believe it should be about 2.1 million. there's also this report that came out within the last 24 hours that they are planning a new lower cost model, not sure that they'll get into that on the conference call. elon musk has said you have to get to that lower market as much as possible. that's where the real growth is going to take off. as i mentioned, in terms of ev share, tesla, it still dominates this market. i get this question from people all the time they still have 50% of the market, but it
lebeau here with the numbers and the narratives >> let's start with the numbers, because this will be -- this will drive the stock immediately after the release comes out after the bell before the earnings call. you're looking at eps of 73 cents a share. the gross auto margins, if it comes in north of 15.7%, that may give some relief to the investors trading after hours. free cash flow coming in, $1.67 billion. that in terms of the narrative, it's all about the 2024 production guidance,...
0
0.0
Jan 10, 2024
01/24
by
KNTV
tv
eye 0
favorite 0
quote 0
. >> 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 is going back over the work history for the alaska airlines 737 max 9. every plane that's built here, every plane that's built boeing, airbus, any work that's done that job is detailed. in other wor
. >> 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...
0
0.0
Jan 2, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau joins us for more on that. phil, you're back!ers from tesla in terms of topping its own guidance, as well as better than what analysts were expecting. let's start first off with q4 deliveries of 484,507 vehicles. the street was expecting closer to 473,000. better than analyst expectations. and because of those deliveries topping 475,000, they topped their full-year delivery guidance of 1.8 million vehicles. officially, it's 1.808 in terms of 1,808,000 vehicles dloeliver in 2023, and the tesla's guidance was for delivering 1.8 million vehicles. fourth quarter production, just under 495,000 vehicles. we will get the fourth quarter and full-year financial results after the bell on the 24th of this month. so, what, three weeks away in terms of when we hear from elon musk, in terms of the set-up. and that's also, by the way, guys, when we are likely to get the company's guidance for deliveries for 2024. that's when we will probably get them, again, three weeks from now. guys, back to you. >> phil, you got anything else up your sleeve?
phil lebeau joins us for more on that. phil, you're back!ers from tesla in terms of topping its own guidance, as well as better than what analysts were expecting. let's start first off with q4 deliveries of 484,507 vehicles. the street was expecting closer to 473,000. better than analyst expectations. and because of those deliveries topping 475,000, they topped their full-year delivery guidance of 1.8 million vehicles. officially, it's 1.808 in terms of 1,808,000 vehicles dloeliver in 2023, and...
0
0.0
Jan 19, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau this morning. >>> still to come is 2024 set for a retail reckoning.workers as questions grow around the 'll .mer weget the read from the ground after a short break. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on
phil lebeau this morning. >>> still to come is 2024 set for a retail reckoning.workers as questions grow around the 'll .mer weget the read from the ground after a short break. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. you can't buy great conversations or moments that matter, but you can invest in them....
0
0.0
Jan 30, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
phil lebeau joins us for a "power lunch" exclusive interview and i understand you have the incoming jetbluessa. yeah, let's bring in joanna garretty. i'm glad you're joining us today. i want to talk about spirit in just a bit, but first i want to talk about your guidance for q12. you guys are expecting revenue to be down i think 5 to 9% a little greater than what the street is expecting. your capacity is going to be limited, at least in the first half of this year. how much of that is because of the geared turbo fan issues with those engine issues that is hurting your ability to fly certain aircraft? >> thanks, phil. it's nice to see you. you know, maybe i'll just highlight, we're really pleased with how we ended the quarter, last quarter. as we step into q1, we are under some pressure from a capacity perspective. the geared turbo fan engines are most certainly impacting that. we'll see about 5 to 7 aircraft on the ground this year, which will lead to a year where we do have reduced capacity. when you think about the revenue side of the house, you know, i view it as sort of a tale of kind o
phil lebeau joins us for a "power lunch" exclusive interview and i understand you have the incoming jetbluessa. yeah, let's bring in joanna garretty. i'm glad you're joining us today. i want to talk about spirit in just a bit, but first i want to talk about your guidance for q12. you guys are expecting revenue to be down i think 5 to 9% a little greater than what the street is expecting. your capacity is going to be limited, at least in the first half of this year. how much of that is...
0
0.0
Jan 22, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> all right, phil, thank you. phil lebeau. and i'm sure the frustration that boeing shareholders have, as well, how many times can dave calhoun billion let off the hook for things like this? guy? >> well, fourth or fifth time, and i think there's -- listen, at some point, right, you are going to have to answer a lot of questions. boeing traded down, filled a gap on the downside very quietly, probably rallied 7% in a couple days. with that said, united, the first quarter guide, we'll write it off. the full-year guide, they narrowed it from nine bucks to 11 bucks. start doing the multiple game, you put a 4 1/2, 5 m, it's a dea stock. >> i agree with you in terms of valuation, right, that's pretty compelling, but some of the economics were concerning. i see top and bottom line numbers which beat. when you're talking about, you know, the cost associated with average seat mile, revenue per average seat mile as well as now the higher cost of employment staff, i think that's just a bit of a tough makeup for me. >>> coming up, a bio t
. >> all right, phil, thank you. phil lebeau. and i'm sure the frustration that boeing shareholders have, as well, how many times can dave calhoun billion let off the hook for things like this? guy? >> well, fourth or fifth time, and i think there's -- listen, at some point, right, you are going to have to answer a lot of questions. boeing traded down, filled a gap on the downside very quietly, probably rallied 7% in a couple days. with that said, united, the first quarter guide,...