kelly ortberg comes from rockwell collins.ective as a hard—core engineering guy helps a lot. rockwell collins was in a similar situation to boeing is at the moment, about 20 years ago. and rockwell collins has turned itself around and come up turned itself around and come up with a new range of avionic products and aerospace competence. so we have a guy who has ticked the boxes with a lot of the issues for boeing at the moment that rockwool had 20 years ago. he is not a pretty good job at rockwell stop he took a major chunk of the aerospace passenger market, which is very, very radical three orfour years ago. which is very, very radical three or four years ago. i think it is a good step for boeing, but the big challenge for kelly 0rtberg went to startwill ease stop customers getting orders, or will he get down and dirty and rolled his sleeves up and start fixing the house because they will have to see how he takes up the key role. , �* ., ., , , role. given boeing has been suffering — role. given boeing has been suffering a _

he’s do you think kelly ortberg felt he might want this job?nk kelly 0rtberg felt he might want this job? might want this “ob? he's come out of retirement — might want this job? he's come out of retirement for _ might want this job? he's come out of retirement for this _ might want this job? he's come out of retirement for this job _ might want this job? he's come out of retirement for this job and - might want this job? he's come out of retirement for this job and it's i of retirement for this job and it's the biggestjob in aerospace so i think that in itself is probably enough to tempt him which is a huge challenge as you'vejust enough to tempt him which is a huge challenge as you've just alluded to. all parts of boeing's business, not just commercial but defence, space, they have huge problems which he will have to sort out very quickly. the first thing he will have to do is restore trust with staff, with shareholders, with customers, government customers and passengers as well. so he really has a lot to do. �* , ., as well. so he really has

kelly ortberg has been making the right moves since becoming ceo.storing trust tour, including meeting with workers in the seattle area and met with employees at the spirit aerosystems. he has met with the ceos of boeing's customers. customers who have been very unhappy over the last couple years that includes united airlines and after having lunch with scott kirby, kirby posted on linkedin that he came away impressed by what he heard from kelly ortberg. he said i came away with the renewed confidence that boeing is on the right path and will recover faster than expected. you see the numbers right there. the big hurdle is coming up. the machinist contract is coming up. kelly ortberg started to meet with those employees to see where the two sides are on this. that will be a contentious negotiation, guys. at the end of next year, the target that boeing has never taken away of hitting $10 billion of annual free cash flow by the end of 2025. free cash flow is negative $8.3 billion to date. a lot of them are expecting to see kelly ortberg take that away.

>> what is his reputation in the industry kelly ortberg. kelly ortberg. >> he's a great choice. i really is the challenge that he has. but i'm not sure anyone would have had this, but when he ran collins rockwell as a ceo, there, he was very involved in the engineering, very involved in the quality and the manufacturing. very good person for this position. however his position they're only had 22 billion in sales and 70,000 employees boeing is nearly three times that size. and so it's a different challenge and it goes into the good thing is he does have the military background as well as the commercial airspace background. so i don't think they could have found a better choice than this. i think he's the right person to make sure that the employees get what they want on their union contracts and that their production increases. >> all right. good to hear. it doesn't have he doesn't have the most enviable job, but we'll watch and see how he turned things around. if he does david soucie. thank you. good to see you. >> thank you, ma'am all right simone biles and katie ledecky are a

and plenty of other problems in his in—tray, can kelly ortberg cut out the turbulence?elcome to business today. 233,000 is today's magic number. it was that many americans claiming unemployment last week. crucially that's fewer than expected. you could almost hear the sigh of relief on wall street as us markets rose on the news. investors confidence in the us economy is up and enjoying this postive sign from the labour market. it follows that sharp stock market sell off earlier in the week on recession fears. so let's assess where this leave things with our north america business correspondent in new york, michelle fleury. michelle, banks and ceos are now judging the likelihood of a recession or hard landing at around the 30% mark but it's a dark cloud that's been hanging over the economy for 18 months now. will these figures help calm fears? it certainly eased fears among investors who have been selling off stocks sharply in the last couple of days because they are worried about what will happen next with the world to�*s biggest economy. the data today shows how many a

. >> robert kelly ortberg, known for his leadership at boeing supplier rockwell collins, will step into the role of president and ceo starting august 8th. his mission to get regulators on their side for ramping up production and to pull the company's defense, space and security division out of its financial slump. the current ceo, david calhoun, announced his departure earlier this year following a series of problems. calhoun has been based at the company's corporate headquarters in chicago, away from boeing's main manufacturing plant in the west, and you can hear about the west coast top stories every weekday right here on ktvu. west coast rap with alex savage airs at 7:00 monday through friday, or find around the clock coverage at west coast rap.com. >> well, new at 11 tonight. police in salinas have issued an arrest warrant for a 20 year old man in a deadly hit and run. investigators say that last friday evening, a driver struck an adult man and a three year old boy in a crosswalk at east alisal and wood streets. the child was pronounced dead at the scene. the driver has been identif

faces a safety culture survey at its 737 max factory, one of the first challenges facing new ceo kelly ortbergfleury. 233,000 is today's magic number. that is the number of americans claiming unemployment last week, fewer than expected. you could almost hear the sigh of relief on wall street as us markets rose on the news. investors' confidence in the us economy was boosted by this postive sign from the labour market after a sharp stock market sell off earlier in the week on recession fears. joining me now is mark luschini, chief investment strategist at janney montgomery scott. what's your thoughts on this number?

culture survey at its 737 max factory announced and plenty of other problems in his in—tray, can kelly ortbergthat many americans claiming unemployment last week. crucially that's fewer than expected. you could almost hear the sigh of relief on wall street as us markets rose on the news. investors confidence in the us economy is up and enjoying this postive sign from the labour market. it follows that sharp stock market sell off earlier in the week on recession fears. so let's assess where this leave things with our north america business correspondent in new york, michelle fleury. michelle, banks and ceos are now judging the likelihood of a recession or hard landing at around the 30% mark but it's a dark cloud that's been hanging over the economy for 18 months now.

last month it was announced that aerospace executive kelly ortberg would today replace dave calhoun asing's chief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. joining me now is sally gethin a global aviation and travel a nalyst. talk us through what is at stake here. we talk about this culture of the inner moment but just to put in perspective for you viewers, what a year it's been, with a door blowing off in alaska airlines plane in january and from then on, it's just been a disaster headline after disaster, hasn't it? absolutely. boeing has been blighted by a series of catastrophic errors with its aerospace business and particularly the boeing 737 max 9s which as you will remember was responsible for the loss of hundreds of lives back in 2018 and 2019. by literally, this instant with alaska airlines, blew the lid off let alone the door of the particular aircraft. it was a miracle that was no loss of life as has recen

administration officials will also be testifying this week, and this includes boeing's new boss, robert kelly. ortbergchicago, kelly saberi, fox business for more cleanup work underway in the south after former hurricane debbie. >> and authorities worry it could take some time to repair and rebuild. >> and a quick reminder here that you can get ktvu on demand on your smart tv through the fox local app. you can watch live newscasts and see all kinds of in-depth content from our newsroom on a variety of topics. it's a free download for your sm when we're young, we're told anything is possible... ...but only a few of us go out and prove it. witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, xfinity internet customers can buy one unlimited line and get one free for a year. get the fastest connection to paris with xfinity. >> one day after making landfall in northern florida, debbie is crawling through georgia's coast on tuesday, flooding roads and k

new boeing ceo kelly ortberg faces questions over the starliner program after nasa turns to spacex ton astronauts stuck on the international space station. nasa announced the decision after weeks of testing of boeings faulty spacecraft, the latest blow in the latest blow in a year that included a kevin blowout, federal investigations and an executive shakeup. china will bring up issues related to taiwan during the u.s. national security advisor jake sullivan's visit to the region this week, he will meet with xi jinping as the two political leaders look to maintain dialogue. beijing will bring up export controls as well as u.s. measures to cut off china from vital technology including semiconductors. u.s. vice president kamala harris' campaign says they raised 82 million dollars during the democratic national convention in chicago last week, pushing their total fundraising hall to $540 million in's president biden announced he would step aside, the money underscores the tailwind behind harris that has reshaped the race against donald trump. coming up, the future of ai in supply chains.

administration officials will also be testifying this week, and this includes boeing's new boss, robert kelly ortbergchicago, kelly saberi, fox business. >> next, at 530, the harris presidential campaign kicks into high gear with her running mate for the first time, right by her side when the oval office hopeful is expected to make a stop right here in the bay area. >> plus, elon musk's ex taking aim at some big brands. the alleged conspiracy that musk says cost the platform billions of dollars, and downtown berkeley looking a little different. >> how a new dormitory for uc berk ey students ing st when we're young, we're told anything is possible... ...but only a few of us go out and prove it. witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, xfinity internet customers can buy one unlimited line and get one free for a year. get the fastest connection to paris with xfinity. join the ticket. >> listen, i want you to do this with me. let's. let's

ceo dave calhoun will step down and kelly ortberg will take over and this isn't the only investigation with this summer. last month, the company plead guilty to one charge of conspiracy to defraud the us for its role in two fatal 737 crashes and this is something the victims say that they've been easily let off the hook for. stu? stuart: kelly, thank you very much indeed. elon musk closing down the x offices in san francisco. all right, ashley. where is he relocating? ashley: yup. not out of state. at least not yet. the workers are being moved elsewhere in the a basis points including offices in palo alto and san jose. musk is previously promising to move the company's headquarters to texas in response to a california law that stopped teachers from forcibly outing the gender identity of students. x of course formerly twitter, has been headquartered in san francisco since its founding in 2006 but it hasn't been a smooth ride. the social media company reportedly missed rent payments and even tried to turn empty office spaces into temporary residences for traveling employees. last month,

. >> kelly ortberg, he sold the business for 30 billion, six years later this guy knows how to createlder value and industrials and -- charles: and keep a door on the plane. >> well this is the beauty. finally at boeing we'll have an engineer versus a salesman running the company. his first day he spent on the floor of the factory and the united ceo he met with yesterday says i've got renewed confidence in boeing now that i've met with the new ceo. this is a great thing. at the end of the day it's good to be the king it's a duopoly. charles: if you look at the demand for commercial aircraft for the next 20 years, this was a stock i used to tell people never to sell and it's almost going to get back there. less than 30 seconds. cooper standard. >> we bought this in may of 2022 at $5.10. they refinanced the debt and went up to 22 now it's back town to 13. we haven't sold a share. we bought more shares and i'll tell you why. every single cycle in the last 45 years you've had 18 million sar is the peak. the sell-through total vehicle sales in the united states. we're at 15.8 right now. if

important part of our assured crew access to the iss i have just talked to the new boeing ceo, kelly ortberg i have expressed this to this to him. i told him how well boeing worked with our team to come to this decision and he expressed to me and intention that they will continue to work the problems once starliner is back safely and that we will have our redundancy and our crude access to the space station this whole discussion remember, is put in the context of we have had mistakes done in the past. we lost to space shuttles as a result of they're not being a culture and which information could come forward we have been very solicitous of all of our employees that if you have some objection you come forward spaceflight is risky. even at its safety safest and even at its most routine and a test flight by nature it's neither safe nor routine and so the decision to keep butch and sunny aboard the international space station and bring the boeing starliner home uncrewed is result of a commitment to safety are core value is safety and it is our north star and i'm grateful to nasa and to boeing f

. >> boeing's new ceo, robert kelly, ortberg, is also scheduled to testify this week, along with several faa officials, about the agency's oversight of boeing. >> our election coverage continues next. a closer look at the democratic presidential ticket, now set with just 91 days until election day. also, a man with ties to iran charged and accused of planning an assassination plot here in the u.s. what we're learning from federal officials and the a's and white sox out at the coliseum and some unwanted history was on the line. >> we're going to have that story coming up tonight in sports, but first, a strong message for oakland mayor xiang tao. the law enforcement organization now calling on her to it's your time to cash in. so don't just play. stay... at northern california's premier casino resort. book your getaway now at cachecreek.com. ok, 500 deluxe garden gnomes. wow. i only meant to order five. there's not enough money in my account for these. i'm gonna get charged. two things i just can't deal with. overdraft charges. and garden gnomes. but your bmo smart advantage checking accou

robert kelly ortberg will now be at the head of boeing. he's the former ceo of supplier rockwell collins and has a mechanical engineering background, whereas david calhoun, boeing's former ceo, had a background in business. earlier this morning, the plane maker reported a net loss of $1.4 billion, more than triple the loss from a year ago. >> san francisco is now the very first city in the nation to ban the use of a type of software. it's used by some property owners to determine the cost of rent. ktvu sally rasmus explains how this software works and the effect it has on the cost of housing in san francisco. >> one of the companies that makes this kind of software is called realpage. >> about 70% of multifamily apartment buildings in san francisco use some form of revenue management software. realpage is a really dominant player in that market. >> how it works the software allows property owners to input and share information about their rental units that is not publicly available. an algorithm then scans all that data and recommends the

. >>> less than two weeks into the new job, and the new boeing ceo kelly ortberg is dealing with freshompany said it had halted test flights of its 7779 aircraft after a component failed during a maintenance check and separately the faa would require inspections of 787 dreamliners checking into possible sudden movements of the captain's or first officer's chairs. joining us on the overall safety culture of boeing, former argumenting faa administratadmi. now chief safety officer at archer aviation and good to see you again, billy. as we always point out, none of this is great. makes us happy. but the safety record is still unparalleled, for the u.s. airline industry. >> absolutely, joe. first, again, thanks for having me on. always enjoy it. you've said it well. right? so by the time we closeds records on 2024 that would have been over 40 million flights on a global basis, and virtual i all taking off and landing safely every day. that being said, always say, safety is a journey. if we come back to boeing, this is happening at a critical phase, which is what this process is called a typ

it's day one for the ceo of boeing, kelly ortberg.d generation challenges in the commercial jet business but issues mounted in the space portfolio as well. yesterday nasa speaking the most openly yet about contingency plan to return astronauts to earth, possibly on board a spacex dragon capsule. that could happen next year. they have been the first two fly aboard boeing's starliner and have been aboard the iss since june 6th in what was originally an eight-day mission. that happened after helium have required month testing and now nasa considering sending star line are back to earth empty. that's a decision that hasn't been made yet but will likely be made in the coming days, coming weeks. for boelg, though, this could mean a failed test flight and more delays to certification. they have already taken $1.6 billion charges on the starliner. depending on how this shakes out here, that could potentially mean more. one more thing to add to the list for ortberg. >> they can't get them back on the ship they brought them on because nasa won'