Following 2 deadly crashes now boeing says it may even temporarily shut down production of the model. Boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over 2000000000. 00 profit since then 2 of the companys best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 were craft were killed crash investigators have blamed Flight Control software for both disasters but pushed the nose of the planes downward the model remains grounded. Boeing posted a financial loss of 2940000000. 00 in the june quarter with sales sliding a hefty turkey 5 percent to 15750000000. 00 the Aerospace Giant delivered just 90 jetliners during the 3 month period. The 2nd quarter loss included a 5000000000. 00 reserve to cover costs linked to the prolonged grounding of the 737 max that includes compensation boeing will have to pay to its Airline Customers for delayed deliveries Many Airlines such as
Chairman of the fed was asked does the fed need to cut rates with the economy as it is and he set you do not need to wait until things get so bad to have a dramatic series of rate cuts. Markets took that as a pledge they would do more, maybe shock and all. The new york fed had to walk it back and say we are not talking about the end of july yet. David please stay with us and we can talk about whether we need the rate cuts. In the meantime lets go to anna in wanting to in washington. We have a deal yet on the debt ceiling . Anna we are getting close but we are not there yet. There is a Firm Deadline of when the house is expected to begin its august recess. Mnuchinlosi and steve are trying to talk about not really the debt limit part, but everyone agrees they need to raise the debt limit. Leaders also want to attach an agreement on budget caps. They need to lift the budget caps that would impose these dramatic cuts and those are the details theyre trying to work out. Last night we got an
A 15 year old girl. Being gang raped. His teacher is beating a board for talking back and class for the rest of the transporters. Purist culture is being hit by his mother breaking up for us. Just because you can see violence against children doesnt mean others and there are make the invisible visible. Might violence against children. If the opium gets ready to privatized its telecoms sector out some 49 percent off the ethiope telecom are up for grabs as the government in addis ababa aims to attract Foreign Investment under rebuilt the economy. Also coming up how the worlds gold fever is forcing africa we look at the damage to the environment in the Public Health in ghana. Welcome to do business. Africa i want to get johns in berlin good to have you with us and we started with ethiopia a state owned Telecoms Company which today announced its acute a net profit of over 1000000000 euros in the year to july and that is good news also for if the opium Prime Minister made he plans to privat
All coming after the markets are coming off a very strong month of june. For the dow, it was the best june performance in over 80 years. You have to go back to 1938 for the month. The dow was up by 7. 2 s p was up by 6. 9 for the month that is its best performance since 1955 and the nasdaq was up by 6. 9 and thats its best performance since the year 2000. Taking a look at what happened overnight in asia, hong kong was closed for a Public Holiday but those markets that were open also up very sharply on again, this idea that trade talks are back on. The nikkei was up by 2. 1 . Shanghai composite up by 2. 25 europe this morning where early trading is taking place, youre going to see green arrows across the board there as well. Biggest gainer looks like the dx ax up by 1. 25 finally check out u. S. Treasury yields on friday we actually fell below 2 for the tenyear briefly. I think we closed right at 2. 0 . Ten year is yielding 2. 01 . Getting to all the weekend news President Trump returni
A little bit slow and once you get to livermore and pleasanton it is better. If you are driving on interstate. If you are driving on interstate 80 it when the major issubridge the d traffic is flowing normally through the entire called the cut tunnel but that is after was shut down last night after a shooting inside the tunnel and ktvus Elissa Harrington joins us now to explain what we know so far. Reporter morning, one person was shot inside the caldecott tunnel inside the fourth bore headed westbound and someone opened fire from inside another moving car and hit the driver in the head and the chp shut down the tunnel for 2. 5 hours to investigate and westbound lanes were also closed. The victim was taken to the hospital and a passenger in the car wasnt hit and the fourth court reopen around 1045 the fourth court reopen around 10 45 pm. We do not have us suspect description but chp said the car may have been white in color but we do not know the make and model and is for the victim th