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Transcripts For KQED Nightly Business Report 20240713

Evening, everybody. Sue is off tonight. Stocks again close at record levels. Well get to that shortly. First, another shoe hashe dropp inongoing crisis involving boeings grounded 737 max, and this te it fel in the companys c suite. Ceo Dennis Muilenburgs out immediately. Chan David Calhoun will take over next month and investors reacted positively to that news sending shas higher 3 . Phil lebeau has been following this. Why now . Reporter bill, i thiwo there were things that had happened within the last month that the board of directors ounally said,. We have to make a change. The first one being thatbu denn muil was called to washington, d. C. , and he was essentiallyressed down by the head of the faa. Theead of the faa said you dont make demands. We call the shots as to when this plane is safe anddy r to return to the air. That was a very public meeting. Maybe the meeelng i wasnt public but it was a dressing down. Ceos rarely he that happen. The second thing happened four days later

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