Avoid a new deal breakers that. And how the worlds gold fever is poisoning africa please look at the q mental in gone. This business im joined on in berlin welcome boeing has posted the biggest quarterly loss in its history chiefly to blame the grounding of its best selling 737 max aircraft following 2 deadly crashes now boeing says it may even temporarily shut down production of the model. Boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over 2000000000. 00 profit since then 2 of the companys best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 are craft were killed crash investigators have blamed Flight Control software for both disasters that pushed the nose of the planes downward the model remains grounded. Boeing posted a financial loss of 2940000000. 00 in the june quarter with sales sliding a hefty turkey 5 percent to 15750000000. 00 the Aerospace Giant del
Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. What do you make of that . Mandeep the fact is, uber is a global company.
And double digits, softbank announced its second vision fun after its wildly popular first tech fund. How it is changing up the landscape. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Sales, bookings, and monthly users all missing estimates. Shares down to the lowest level since may. Here to crunch the numbers and break down uber eats an active users is Mandeep Singh of bloomberg intelligence. Payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the use of subsidies in their ridesharing business, i the food business. I think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. It is just the law of large numbers is catching up. To me, it looks fine. Emily i should add that the adjusted loss was lower than anticipated, 656 million vers
Deadly crashes now boeing says it may even temporarily shut down production of the model. Boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over 2000000000. 00 profit since then 2 of the companys best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 aircraft were killed crash investigators have blamed Flight Control software for both disasters but pushed the nose of the planes downward the model remains grounded. Boeing posted a financial loss of 2940000000. 00 in the june quarter with sales sliding a hefty turkey 5 percent to 15750000000. 00 the Aerospace Giant delivered just 90 jetliners during the 3 month period. The 2nd quarter loss included a 5000000000. 00 reserve to cover costs linked to the prolonged grounding of the 737 max that includes compensation boeing will have to pay to its Airline Customers for delayed deliveries Many Airlines such as Ethiopian Airl
Following 2 deadly crashes now boeing says it may even temporarily shut down production of the model. Boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over 2000000000. 00 profit since then 2 of the companys best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 were craft were killed crash investigators have blamed Flight Control software for both disasters but pushed the nose of the planes downward the model remains grounded. Boeing posted a financial loss of 2940000000. 00 in the june quarter with sales sliding a hefty turkey 5 percent to 15750000000. 00 the Aerospace Giant delivered just 90 jetliners during the 3 month period. The 2nd quarter loss included a 5000000000. 00 reserve to cover costs linked to the prolonged grounding of the 737 max that includes compensation boeing will have to pay to its Airline Customers for delayed deliveries Many Airlines such as