Well in many states. Businesses are holding back from spending amid the pandemic and stimulus talks appear to be at a standstill once again with leaders from both sides accusing one another of moving the goal posts in the negotiations. Unlikely we will get a stimulus before the election. 59 minutes to go, dow down 2. 2 . Lets get to the stories we are watching right now as stocks fall sharply mike santoli is tracking the market selloff for us. Which parts he is watching in particular meg tirrell digging into the latest covid numbers mike, whats the broader take on what is happening today average bit of a rethink on a mull pent fronts the idea that covid might cause more business disruption last week the s p 500 was skirting this boundary between this sort of breakout level we had and around 3,400 we are actually below that right now. Did a little bit of damage s p and the nasdaq fell below the 50day average the s. A. P. Warning probably evented the nasdaq from doing a better job of sup
Rose still who tragically died on Ethiopian Airlines flight 302 and thank them for participating. March 10th marked the 1year anniversary of the crash of Ethiopian Airlines flight 302 which was preceded by the loss of land near flight 602. The aircraft involved in both accidents was the boeing 737 max. Our deepest sympathies go to the families of those loved ones who are among the 346 lost in these crashes. Since the Ethiopian Airlines crash the committee has heard from many whistleblowers at boeing and in the Aviation Industry. It is increasingly clear from the investigation that the faa has the number of serious problems, the investigation staff of dozens of witnesses, thousands of documents and emails who have been diligent in pursuit of these facts no matter where they lead. However, i must express my profound frustration with the agencys lack of response to most of my requests dating back to last april, documents that stem from whistleblower disclosures. On april 2nd, 2019, i sent
Tamayo. Its nice to see. Its nice to talk about a dry weather pattern. There have been several new years where weve had flood advisories so its nice to get a break in the rain. This morning watch out for some patchy morning fog partly to mostly sunny skies this afternoon and highs will range from the upper 50s to the low 60s. Take a look at some of the visibility reports. You may have clear skies in your neighborhood right now. But livermore reporting visibility down to about a quarter of a mile and hayward jumped up to 9 miles. The real dense fog a dense fog advisory until 10 00 this morning. But no rain threat for today. The high clouds continue to head up to the north of the bay area but just bundle up this morning another cool start. Upper 30s to the upper 40s to right around 50 degrees. Lets check in be sal right now. Hes standing by. He has a look at the roadways. Good morning to you, sal. Good morning to you mark. Were looking at a commute here where the traffic is doing pretty
So representative babbin. Yes, sir. Mr. Chairman, thank you very much. Id like to join the others in acknowledging those in attendance here today who lost loved ones in the accidents and our sincerest condolences to you and thank you for being here today. In the interest of time, id like to get right to it. Instead of directing my questions to one of you specifically. Id like to address these to both of you and let you decide who is best fit to answer. I think there is a feeling out there that after the lion air crash in indonesia boeing sat back and did nothing in terms of addressing the causes of the accident and since the second crash in ethiopia, weve heard a lot from boeing and the rest of the industry about how the information gleaned from these tragic accidents helped to ensure that they are not repeated. With that in mind, what did boeing do after the lion air crash to ensure that those circumstances were not repeated and do you have any specific examples of Lessons Learned tha
Current and former ntsb chairs who provided safety recommendations. Both of these accidents were entirely preventable. We cannot fathom the pain experienced by the families of those 340 six human beings who were lost. Many family members were here today and we appreciate their attendance. Themreciate many of meeting with members of the committee. Committee, if this promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. ,hese families deserve answers accountability, and action. Deserves no less. Involved inaircraft both accidents is the 737 max 8 manufactured by boeing. International aviation safety regulators begin grounding the plane the day after the ethiopian crash. On march 13, federal Aviation Administration formally grounded the aircraft. The return to service is contingent on boeings work with the faa to test and certify fixes to the Flight Control system. Activated during both crashes. In order to return to service, Internati