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
Their highest levels over the past year. Scarlet mark had a lastminute first. About 1. 9 . No clear reason on why it got this pop at the end of trading but we will continue to look into it. Lets look at what our reporters are monitoring. Abigail i was watching those record highs and the very small gains. The reason we are doing it again today is to see how it is working. Seriesed we would see a of alltime highs back in october. The rally this year and then in the spring and summer, a battle between the bulls and the bears making it more constructive. Buyers were the getting more conviction, more confidence. Old we are above those record highs. , the rfi, a slight lower high. The rsi go8, we saw as high as 86. If it rise to above 74, it would support what this chart suggests. Also seeing small moves higher today are small caps. The russell 2000 at one point point half a percentage but we did see it trickle lower through the day. For smallweek high caps. This comes after a day like yeste
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange busy market day. Were going to start with tesla obviously, elon musks reveal of the companys new cyber truck. Phil lebeau has more about the window shatter heard around the world, phil. And a lot of people are watching that, carl. Cant say the unveils from tesla are boring they showed the cyber truck last night, the design had people saying whoa, what is that. When you look at this truck, it starts at 39,900 when delivery starts in late 2021, early 2022 range of 250 and 500 miles right now, analysts are underwe underwell whunde underwhelmed the appearance was met with criticism. Colin rush says we anticipate the majority of consumers will not be inspired by a vehicle so different from current norms as for the armor glass windows and failure, heres what elon musk had to say. We threw wrenches, literally threw the kitchen sink at the glass and
Jason and so many prominent alumni have made their way through the school. We will hear from the ceo of ab invev and the owner of the Golden State Warriors and the incoming ceo of nike, and they will talk about their experience here and also what they are seeing in the world of business. Carol so much here from stanford, plus, back at headquarters back in new york, this week it was all about the year ahead summit, a 306 to 360 degree view of the most urgent topics facing every executive. Jason we sat down with the Providence Equity ceo commend the ceo of macys and coceo jim coulter, and also i should an alum of the school. Carol first lets get to stanford graduate dean on taking the number one spot on the best School Rankings for the second year in a row. It is a testament to the fantastic faculty and staff we have here and i could not be happier to be the Top Business School this year. Jason the students will be Milling Around here very shortly. What is on their minds right now . As t
Amendment. Always. [applause] my administration has also curtailed harmful and intrusive use of federal consent decrease which wrongly give meddlesome officials in washington, d. C. , immense authority to tie down local Police Departments and make it very difficult to do their work. No longer will federal bureaucrats micromanage your local police. We will work with upon request local police to help them, not to hinder them. And were waiting for a call from chicago because there is is no place we would rather help than chicago. To reduce people going back to prisons and help nonviolent inmates successfully rejoin society. Last year we passed historic bipartisan criminal justice reform. It has been very successful. They have been trying to get it passed for a long time. We had conservatives. Connell President Trump addressing members of the police force in his first visit to chicago since he took office. The president as you heard on fox business taking aim at major issues facing the cit