div > div.group > p:first-child"> The 30-stock Dow ended the day up 67.89 points at 26,452.66 as Boeing gains 1.7%. Shares of the aerospace giant rose after the Federal Aviation Administration said in a report an update to the 737 Max software is"operationally suitable."
Johnson & Johnson climbed 1.1% on stronger-than-forecast quarterly results. More than half of its revenue came from prescription drug sales, which increased by more than 4%. BlackRock and Bank of America also rose on stronger-than-expected earnings. IBM, Netflix, and CSX are among the companies that reported earnings after the bell.
Those concerns weighed on the broader health-care sector, which fell more than 2%. Those losses kept a lid on the overall market's gains. The S&P 500 is up more than 15% this year in large part because the Fed indicated it may not raise rates at all in 2019. This is after the central bank raised rates four times in 2018.
Source: News Formal (newsformal.com)
Can you believe the timing of the $BA FAA pump? market Would have finished RED and they knew that !
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Airbus chief says hopes Boeing and FAA can resolve 737 MAX crisis soonAirbus outgoing chief executive Tom Enders expressed hopes Boeing and U.S. Feder... and then he laughed all the way to the bank! This guy must go
Source: Reuters - 🏆 2. / 97 Read more »
Elaine Chao Defends Timing of FAA Decision to Ground Boeing JetThe transportation secretary said the Federal Aviation Administration made a “careful and fact-based” decision as it waited three days before grounding the plane after last month’s crash. So they could sell off their stock. Saying they needed proof is disingenuous. Boeing admitted MCAS was pitching nose of LionAir aircraft when it nose dived, the pilots didn't do that an automated system did. The FAA knew about complaints filed against Boeing's new 737 max before 2nd crash & did nothing. CoverUp
Source: WSJ - 🏆 98. / 63 Read more »
U.S. transport chief defends FAA decision to not immediately ground Boeing 737 MAXU.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Avia... who's in line to use those planes? Of course she would. Her judgement isn’t exemplary - just look at what she married. 😷 Should FAA ground Boeing 737 MAX, and MAX Plus?
Source: Reuters - 🏆 2. / 97 Read more »
FAA panel finds Boeing 737 MAX software upgrade 'operationally suitable'A Federal Aviation Administration review board said on Tuesday a software update... Are they gonna rename it Spruce Moose? Wonder how many people will agree with that assessment and will fly 'with a good feeling...' Sounds like “adequate”, only less.
Source: Reuters - 🏆 2. / 97 Read more »
FAA panel says Boeing 737 Max software is 'operationally suitable' in new reportThe company's shares jumped by about 2% on the news. Can’t wait to get the MAX back in the air and go for yet another flight! Great job, Boeing. They also said they really liked New Coke, too. The let the FAANews FAASafetyBrief allow only American Airlines use the aircraft for the next 3 years on domestic routes only
Source: CNBC - 🏆 12. / 72 Read more »
FAA needs Boeing to help certify its own planes, despite criticism of cozy relationshipWhile lawmakers on Capitol Hill are clamoring for the FAA to get tough on Boeing, the agency doesn't have the manpower and budget to do the work themselves. Profits above safety. Capitalism Enjoy. That's like the FDA approving medications and recalling the same products. There should be some type of third-party influence. This is serious and very dangerous.
Source: CNBC - 🏆 12. / 72 Read more »
FAA to meet with U.S. airlines, pilot unions on Boeing 737 MAXThe Federal Aviation Administration will hold a meeting Friday with major U.S. a... Sounds like a little arm twisting will be going on. If to say these flying Coffins were made by countries like China or Russia, insane measures will be put in place to ensure the company cash I wouldn’t get on one if you paid me.
Source: Reuters - 🏆 2. / 97 Read more »
FAA meets with U.S. airlines, pilot unions on Boeing 737 MAXThe Federal Aviation Administration met for three hours on Friday with represent... THE LEARNING CURVE? I wish I had a billion dollars. I would immediately open a airline cooperative and poach the best pilots and business managers in that industry. and they are not happy, not happy at all:
Source: Reuters - 🏆 2. / 97 Read more »
FAA meets with pilot unions over Boeing 737 MaxPilots from United Airlines, American Airlines and Southwest met with federal aviation regulators Friday For the longest time my ADHD brain was reading this as 'pilot unicorns.' Xdfg ghf ggdb Blah blah blah, look guys Boeing pays us a lot of money, so we really need you to be okay with flying these planes.
Source: washingtonpost - 🏆 95. / 72 Read more »
Boeing shareholders sue over 737 MAX crashes, disclosuresBoeing Co's legal troubles grew on Tuesday as a new lawsuit accused the com... Wow, I’m shocked. 🙄🙄 Who wants to fly these days anyhow?!? These religions are setting the word on fire because their “logic” is very defective... Union Carbide carried out chemical experiments, termed leakages, in Bhopal. The tests caused more than 2000 deaths. Stunted, deformed life for generations.
Source: Reuters - 🏆 2. / 97 Read more »