Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march.
We will name names and later a prediction so wild and bold that honestly we question if we would even talk about it and bring it to you we debated it. But we are bringing it to you and you will hear it coming up true story all that ahead in the next 60 minutes. But nike bouncing back a bit after the steep post earnings drop lets get the numbers, talk about china with seema modi. Talking about her hometown heroes, nike, seema. Thats right, brian sthars of nike turning around after slipping as much as 2 in extended trading a solid beat on the bottom line. But the company said margins were negatively impacted by higher input costs primarily due to incremental tariffs in north america. Sfratly nike reported Greater China sales of 1. 85 billion up 23 this quarter but a slower pace of quarter than last quarter when sales grew 27 . Still, nike has been able to steadily grow revenue in the country over the past five years. Targeting the Chinese Consumer using platforms like alibaba to sell sho
Lets take a look. You can see what it looks like. It houses 200 beds and has a communal area and restrooms in between. There is an administrative building on the campus. It looks like a giant white tent or dome. It takes up a corner of a parking lot on beale and bryant street. It is owned by the port of San Francisco. The first residents will start moving in by the end of the month. This is about helping people not only off the streets but helping them into housing and helping them with opportunities to succeed in life. This is one of seven Navigation Centers in San Francisco. A few more on the way. The mayor says the goal is to have 1000 shelter beds in the city by the end of next year. Right now they are about halfway there. They say the goal of the shelters is to transition people out of homelessness. She and other city leaders faced stiff opposition from neighbors who have expressed concerns about crime and other concerns around the shelter like this. The group spent nearly a quart
Done their Christmas Shopping yet. Ive done a few things. Youve done a few things. Ill be done probably on tuesday. You were done in september. We buy so minimally, i probably buy three presents and im done. We keep it simple, people. Thank you for joining us. Its a bright and cold tuesday. I want to share a piece of video some people call chilling. Her home has one of those ring Security Systems and someone claiming to be santa. Listen. Dont you want to be my best friend . He says, dont you want to be my best friend . This is a stranger talking to the girl in her room on the ring security camera. Ring is owned by amazon. It says it does not have evidence that the system or network have been compromised but ring is telling its users to choose a complex password, change the password frequently. I think this is something a lot of people will be receiving as a gift. Everyone is interested in home security. What many people dont realize is you can be trading some of your own privacy in the
The road . Well tell you about the most dangerous songs to listen to while youre driving o driving. It is monday, september 23rd. Fbn a. M. Starts right now. Monday morning. Monday morning. Monday morning. Lauren it is monday morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, everybody. I am cheryl casone. Lauren how was your weekend . Cheryl great. Lauren markets not looking so great this monday, still within striking distance of record highs but the dow futures are down 72. Cheryl the yield on the 10 year, this is about your mortgage, your credit cards. We continue to watch whats going on with interest rates. Were seeing a bump up in bond prices, the lower yield 3 basis points to the downside. Lauren were getting reports it might take months, not weeks to get saudi oil back online after attacks. Thats pushing up the price of oil this morning. Cheryl weve been seeing gas prices rising. Also this, asian markets, after a chinese delegation reportedly canceled a visi