U. S. Troops from iraq immediately. Can you comment on that . Sec. Pompeo he didnt quite characterize the conversation correctly, but to the larger, more important point, we are happy to continue the conversation with iraqis about what the right structure is. Our mission there is very clear. We are there to perform a Training Mission to help the Iraqi Security forces be successful and to continue the campaign against isis. We are going to continue that mission, but as times change and we get to a place where we can deliver upon what i believe in the president believes is our right structure, with fewer resources dedicated to that mission, we will do so. We also have today a nato team here at the state Department Working to develop a plan which gett birding sharing burden sharing right in the region so that we can protect and defend, keep the American People safe, while reducing our cost, our resources, and our burden in the region, as well as the risk to our soldiers and sailors. You s
This year, last friday, that round of risk off. It underperformed. That is true today. Over the last two days, down 2. 8 , the worst in more than a month. Investors not buying that area. One factor that could be at play, valuation. In blue, looking at the forward pe on the s p 500. Coming out of the financial crisis in 2009, we see suppressed levels for both. Over the past five years, lets call it 14 to 16 times. A pe on thee had s p 500 of about 8. 4 times. Unable to get back to that level. Last week hitting 20 times forward earningss, coming off of that level. It may suggest there could be a little bit of a coolingoff ahead given the frothy trading action. Renita i am looking at an big reduce her. The last timeshares had fallen this much was back in september. Big prices at the lowest for the season and at least a decade. They recently lost one of their major southeastern customers. All around, bad right now. Shut downans to older, less functioning, less efficient plants to defend th
Timeline solidified for putting the max back into air, and get everything going again. Guy why now . Why not later, and why not earlier . George this is sort of the season where you see some of these changes happen. It seems like it was a little earlier than we thought it would happen. I personally think the faa timeline we got a couple weeks the pushing things into earliest midfebruary to get the max back into fleet, i think that had something to do with it. I think the star liner might have accelerated some of this. I think the star liner makes boeing look bad. It makes it look like things arent getting executed correctly at the company. Maybe that accelerated the change. Guy does this excel or at the process of getting the 737 max back into the air, though . George i dont think it shortens it at all. The risk we had is without boeing working for the faa, you extended that timeline, and i think they dont want to extend that timeline. To have a new face in the ceos chair and approache
What is happening with the group market, down attached today. Big moving natural gas in the big move in natural gas in the u. S. Kuwaitis and thes may be doing a deal that would bring more to the market. Dennis muilenburg has been ousted as ceo of boeing. Chairman dave calhoun will take his place. Lets bring in Bloomberg Aerospace reporter justin backman. What did milind berg do wrong what did Dennis Muilenburg do wrong . Justin i think the issue was after these two fatal crashes from a Public Relations standpoint, the way that the families perceived him, the people in congress, and around the world come of the perception was that boeing was ready to just move along, fix this and move along, and it really took a different touch for the situation. Guy guy in terms of what this means for getting the 737 max back, does it change anything . Justin i dont think it is going to affect the timeline for the faa and for european and chinese regulators to do their work, but i think boeing is hopi
Communicating well as the year ended. Faarecent surprise is the was not ready to review the boeing until mid february to finish the review. Dennis muilenburg could be back in fleets by year end. This disconnect surprised a lot of people. That was the beginning of the end for denniss career at boeing. Kevin in terms of the shareholder response and the washington response, how have people been reacting to the news . George we have seen shares up. Was about this act trying to keep any further slippage in the timeline, trying to keep the max in front of the faa and reviewed and cooperated and looking like youre cooperated with the faa. I do not think it accelerates anything. I want to follow up. What is interesting is this is a company that is known for its checklist. For pilots talking to engineers, we have a great story in Bloomberg Businessweek on this and how there was a breakdown. What needs to change. Is it a big change within the boeing culture going back to where it used to be . Ge