China will be one of the world’s hottest aviation markets as the coronavirus pandemic recedes, accounting for about a quarter of expected growth in jet sales over the next decade
up ahead, it is the beltway brouhaha for the ages. president trump, vice president biden, you want to see either one of them in shorts an boxing gloves? pay-per-view. but first were here with the cnbc market wrap and a tariff terrible day. yes. definitely. u.s. stocks falling sharply. pressures from worries of a potential trade war and a decline in tech shares. the dow plunging 724 points posting the worst day since february 8th. the s&p fell 68 and the nasdaq closed 178 points lower and boeing one of the biggest decliners in the dow falling 5.2%. stoked by fears the company may be the target of backlash from china. following the announcement of retaliatory tariffs on $60 billion in chinese imports by president trump. china generated more than 12% of the boeing sales and that is it from cnbc, first in business worldwide. okay folks!
most of its money subsidizing one large, politically connected company? the agency is the export, import bank. the company is boeing. xm subsidizes u.s. companies by giving backed loans or guaranteeds to foreign governments so they will buy things made in america. in the last two years, xm issued $25 billion in loan guarantees, and nearly 17 billion has gone to subsidize boeing sales. that s almost two-thirds. other big manufacturers like general electric, beck tell, haliburton feed at the trough, but the banks love it, too. they get to shift risk to the taxpayer, while pocketing the profit. here is a typical year from last year. boeing wanted to sell some 747s with ge engines to a lucks emboring airline. they brought in jp morgan for financing. so far, regular capitalism, with risk and reward. then xm comes onto the seen.