The dow was dragged lower in part because of boeing, which reported a massive loss for the Second Quarter. It also warned about something that no shareholder wants to hearabout, that itay have to halt production of its 737 max if the grounng of the jet liner drags on much longer. That pushed the stock 3lower in todays trade. Phil lebeau is on the story for us tonight. Reporter with the 737 max grounded for months, boeing ceo Dennis Muilenburg says his company could shut down the max Assembly Line if the current plan for recertifying the plane this fall is pushed back even further. If any of the timeline assumptions change significantly from start of the Fourth Quarter return to service, then we will have to evaluate alternatives, and those alternatives could include different production rate they could include a temporary shutdown of the line. Not something we want to do, but an alternative that we have to prepare for. Reporter stocting pron could mean temporarily laying off thousands
. your first concern would be the cost of diesel fuel. virtually everything you buy comes on diesel fuel. diesel prices get too high, transportation stops. nearly everything becomes unaffordable. inflation is directly connected to transportation. your second concern if you were transportation secretary would be domestic air travel. this is a huge country, it s fa too big of a country not to hav reliable commercial flights fro one place to another. we ll end on time, they don t crash. so maintaining that system of air travel is probably the top concern of the united states transportation department. that s what you re worried abou if you have a secretary, diesel and airlines. remarkably, in less than year i a half under joe biden, both these things have gone dramatically in the wrong direction. the price of diesel has hit its highest price ever recorded in history. the national average is up 70 percent since just last year it 5:53 a gallon. that s terrible for truckers, but al
joe biden seems to think our economy has never been better. earlier today he strode in from the beach and announced that america is on the move. we laid an economic foundation historically strong and i were moving forward to a new moment where we can build on that foundation. the challenges on the phone minds of most working families are prices at the pump, the prices at the grocery store, an both of these challenges have been directly exacerbated by th boot more in ukraine. prices are up $1.40 since the beginning of the year when he began amassing troops at the border. this is the prudent price hike. his war has raised the price of food, because ukraine and russi our two of the worlds major. baskets. they cannot quit russia, russia, russia. as you can see, joe biden wants all of the credit with none of the blame. it s no wonder the world s richest man has a super bad feeling and quote about the state of the economy. according to our incredibly intelligent president, eve go
All on the side of the student. Student says it is tough to be here at school, that some students turned on him can they shout when they see him that the guard should be freed and some students were passing around a petition today at lunch if people to sign in support of the security guard. It was captured on the surveillance video, a School Security guard is seen punching a student in a wheelchair and shove him to the ground. That student Francisco Martinez says he has back pain and headaches from the attack that feels it is important to come to school with his head held high. I want to see justice. I dont think it is fair for this event to occur during school day. If a school where im supposed to be coming in, safe, and not be brutalized and thrown around like an animal. Not even in prison do they do that. He showed pictures of the injuries taken after the attack. Marcel mitchell has been charged. We are sorry one of our employee could betray the public trust and injure a student. A
Monetizing mobile, and contrary to popular belief, teens are still using it. And General Motors is beating expectations and showing signs of improvement in europe. Plus one of the cars gets a rare award from Consumer Reports. And michael dell is writing a letter saying that he at peace because of what shareholders make. And sac capital could come the kaye and we could come today, and we could have more on that. And at least eight wall street firms raising the stock on facebook and the stock is growing after the Second Quarter results were out last night. They make up 41 of facebooks edadvertising revenue s and Mar Zuckerberg on the Conference Call last night. When it comes to mobile, i am pleased with the results. We have more actives on mobile than desktops and more than half a billion people use facebook on their mobile than desktop. And jim, everybody is buzzing that it is within 14 of the ipo price of 38. Well, it is a big position for the Charitable Trust and looking bad for a whi