This hearing will come to order. Thank you all for being here today. One year ago today lion air, flight 610 crashed into the sea shortly after takeoff from jakarta, indonesia. All 189 people on board perished. Five months later Ethiopian Airline 302 departed out of ethiopia just like lion air flight 610, ethiopian flight 302 experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventible. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Many family members are here today and we appreciate their attendance. I appreciate many of them meeting with members of the committee over time. As chairman of this committee i promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability, and action, and the public deserves no less. The type of aircraft involved in both accidents is a 737 max
Shortly after takeoff. All 189 people aboard perished. Five months later, Ethiopian Air trio to departed out of ethiopia. Just like lie in flight 610, Ethiopian Airlines flight rio to experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventable. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Family members are here today and we appreciate their ascendance. I appreciate many of them meeting with membersrs of the committee over time. As chairman ofma this committeei promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability and action. And the public deserves no less. The type of aircraft involved in both accidents is a 737 max eight manufactured by boeing. Safety regulators began grounding the max the day after the ethiopian crash. On march 13, federal Aviation Administr
Beyond meat. Ten year 1. 83. Caseshiller up 3. 2 year on year road map, record watch the s p at the all time high dow and nasdaq not far behind. Streaming wars, hbo max, details coming today david is live in los angeles ahead of the warner media investor day and some tough questions for boeing what to expect as Dennis Muilenburg testifies later today. Well start with the markets, a day after the s p hits the 12th all time high and the 14th record close of 2019 jim, halfway through earnings season here. What does it all mean . I think you go back and i was going back and looking at some of the big Billionaire Hedge Fund managers and what they have been saying and almost in unison said, look, you got to be very careful. It cant last. Numbers can go back to the negative the companies arent letting it happen the companies, for the most part of, the Biggest Companies reporting great numbers. The classic one is merck last week, merck got hit down to 79. 80. Bristolmyers, a cocktail, that was
There is but also the most volatile they went to lithium. Which is why here is our danger look so step down to secure plane president just before the fire started a new company to make lithium ion batteries for business jets. Bugs i was a true believer in the technology. Then he began testing 23. 3 m. Series. Battery back. To even the latest industry guidelines going so far as to fire bullets into batteries to see if they could be made safe military applications. You know you could run the test that you feel that you need to meet the requirements. But. You also need to have a conscience thats going to tell you i want to do the extreme. In the end testing with a conscience couldnt make the batteries meet the requirements is new company failed. We became professional and destroying batteries and and the more we learned about it the worse it got i mean with home i got him to give it to him and we were sent to what the rest of the guys were doing i guess we knew why. By the rest of the guy
Knows well the chemistry of the dreamliner battery. Boeing chose the most powerful there is but also the most volatile they went to lithium. Which is why here is our danger look so stepped down to secure a plane president just before the fire he started a new company to make lithium ion batteries for business jets. Bugs i was a true believer in the technology. Then he began testing 23. 3 m. Series. Battery that. Went beyond even the latest industry guidelines going so far as to fire bullets into batteries to see if they could be made safe military applications. You know you could run the test that you feel that you need to meet the requirements to be safe but. You also need to have a conscience thats going to tell you i want to do the extreme. In the end testing with a conscience couldnt make the batteries meet the requirements is new company failed. We became professional and destroying batteries and and in the more we learned about it the worse it got i mean with home i got him to gi