By about 414 points. Things have bounced around rapidly. Weve seen the volatility. Part of that was the big selling that happened. Nasdaq off another 140 poijnts. Looking at the 10year trading down talking historic lows every day when the 10yearwas above 1. 2 on the ticker, i was looking for it this is an important time to watch that, didnt you think it is crazy its a new time line to look at global rates we never thought these type of rates would get to us. They are still higher than the rest of the world is at. It is still staggering it is unbelievable and shocking on the daily basis. Providing the context. It does not happen often they are usually tied to an event. 1998, it was the collapse of the he hedge fund in 2010, resulting in a drop 2008, the financial crisis led to a fourday decline of more than 1,500 points. And now the coronavirus with a loss of 3,200. The big one was 1987 that wasnt really precipitated by any other event other than insurance. 22 in a day i want to make a
The very best in the future and delighted in the knowledge that well be seeing him stauchoften. Having established and shown us how its done, on and offscreen, youre an example to us all, particularly the younger members of the onair talent like myself and courtney bill, thank you. You know, when the stakes and nerves are high, hes a mentor thats taught so much to so many of us, both directly and indirectly while his career cant be topped, bill also taught me to look at life as a threelegged fool, work, family and friends, and faith. Hopefully, weapon fi find a newc here with his new position as anchor at large. You know what he would be doing, he would be telling you that we have 59 minutes of trade, and in record close watch. Here is whats driving the action this afternoon. Stocks hitting record highs once again with the s p 500 poised for its straight fourth week of gains. Boeing weighing on the dow of troubles raise new red flags for investors. And Consumer Staples leading the char
Stuffers, four names you might want to put on your list but we begin with big news of the day, boeing shares getting a pop thanks to the company firing its ceo phil he wilebeau is in chicago the details. The board of directors met over the weekend Via Conference Call and sunday night the boeing board said weve had enough of dennis muilenberg. They reached the decision sunday night to for him effective immediately. Basic at this it comes down to this a couple of things happened in the last two months that the board said weve had enough. The broken faa relationship which weve talked about and halting 737 max production, thats a a mop umtal decision boeing reached last week, one they never had before. The new ceo is the former executive chairman dave calhoun takes over as ceo and president effective january 13th whats his game plan, rebuild the faa relationship and to that end he called the head of the faa this morning and said we welcome rigorous oversight also a reset for the 737 max, t
Expects to resume deliveries of the 737 max as early as next month and that airlines could be able to restart commercial flights in january lets get to phil lebeau with all the details on this. That was a heck of a move by boeings shares today melissa. It comes down to whether or not you buy into the latest timeline that boeing is putting out heres what it stands at right now the company says that it expects to have a certification flight by early next month, could happen late this month but you have that certification flight leads to the faa certifying the plane by middecember, freeing them to begin deliveries so thats the first part they could start delivering planes, perhaps by the end of the year, to some customers. Theoretically at the same time Pilot Training rules will be set and theyll be locked in by perhaps midjanuary. So if you are an airline and youve got the pilots trained and youve got the fixed aircraft, commercial flights, theoretically, could begin by the end of januar
Hours. [background noises] [inaudible conversations] good morning the. S. Senate committee were having a hearing on the National Transportation safety board investigation and r safety board director. Watchdog ensuring safety is a top priority for the transportation u. S. Department of transportation. Through s investigation into transportation accidents the board makes recommendation that have transformedransportation safety. Ntsb recommendations prompt action to require railroads to use positive control passengers to use seatbelts andd cruise. However the needs to continue to improve safety are ongoing but for instance run a weight near misses and close calls and aviation sector are far too frequent. We simply must do better. East of palestine ive been less than a lacking of the requirementsooking out for these longer trains and improvements. And that is refreshed rating in the drama in pennsylvania or three trains collided but receiving a crisis in the roadways in 2020 when the lates