Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making
Couple of participants wanted to cut rates by 50 basis points, and the reason that they pointed to was that inflation has been so low for so long on the other hand, those who argued against any rate cut at all pointed to the solid economy, concerns about financial stability, and that some of the trade uncertainty had diminished over the summer now, we do know which side won that argument, but the minutes show that the voting members on the committee felt that any rate cut should be viewed as, quote, part of an ongoing reassessment of the rate path, and that they want to maintain optionalty Going Forward. Now, there was also a lot of discussion about financial conditions the fed acknowledged that markets had baked in an easier Monetary Policy. They talked about the inverted yield curve, the capital ratios, several participants brought up corporate debt and leveraged lending as potential sources of risk overall, the minutes do show that most fed officials supported the rate cut in july.
Adobe (NASDAQ:ADBE – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $18.00-18.20 for the period, compared to the consensus EPS estimate of $18.00. The company issued revenue guidance of $21.40-21.50 billion, compared to the consensus revenue estimate of $21.47 billion. Adobe also updated […]
Coastwise Capital Group LLC lifted its stake in The Boeing Company (NYSE:BA – Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,043 shares of the aircraft producer’s stock after acquiring an additional 600 shares during the period. Boeing accounts for about […]