Kilometers an hour. This is your duty of your Business Report im stephen beards in berlin thanks for joining us deadly crashes in indonesia ethiopia a long list of lawsuits and the aircraft at the center of the controversy still hasnt been fixed boeing hopes to get Regulatory Approval to return the 737. 00 max to the skies in the 4th quarter but that timeline is only an estimate and with airlines losing money on the model the plane maker has now announced it will set aside billions to compensate them. Its the companys best selling plane and a model thats become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. The movement to the cancellation of thousands of flights. For which boeing is now counting the cost the company has set aside 4900000000. 00 to compensate airlines and their customers boeing has also reduce production that will cost the company around another 1700000000 dollars it has warned inv
24yearold daughter in a 737max crash testified with pictures of Crash Victims on display. Boeings apologies to cameras have not been apologies to the families. I do personally apologize to the families. Reporter boeing c. E. O. Dennis mull enberg made that tv apology exclusively to nor a odonnell in may. We feel terrible about these accidents and we apologized for what happened. Reporter today boeing announced it would give 50 million to the families of those killed, part of a fund it created earlier this month. Some families called that a p. R. Stunt. Paul thinks instead boeing executives, including the c. E. O. , should face criminal charges. And the 737max should be scrapped entirely. I would like to see the plane not fly again. Kris joins us now. Kris, do you think that 737max is ever going to fly again . Reporter norah, the 737max is almost seen as too big to fail. It is too important to boeings bottom line and thus the larger u. S. Economy, and too important to several of the wor
To the skies in the 4th quarter but that timeline is only an estimate and with airlines losing money on the model the plane maker has now announced it will set aside billions to compensate them. Its the companys best selling plane and a model thats become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. The move led to the cancellation of thousands of flights. For which no one is now counting the cost the company has set aside 4900000000. 00 to compensate airlines and their customers boeing has also reduce production that will cost the company around another 1. 7 1000000000. 00 it has warned investors to expect profits to plunge as a result. The announcement comes just days after the u. S. House of representatives held a hearing on aviation safety. Among those who testified was paul. Who lost his wife and 3 children and the Ethiopian Airlines crash in march or in should not be allowed to act like a m
To the skies in the 4th quarter but that timeline is only an estimate and with airlines losing money on the model the plane maker has now announced it will set aside billions to compensate them. Its the companys best selling plane and a model thats become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software. The movement to the cancellation of thousands of flights. For which bowen is now counting the cost the company has set aside 4900000000. 00 to compensate airlines and their customers boeing has also reduced production that will cost the company around another 1700000000 dollars it has warned investors to expect profits to plunge as a result. The announcement comes just days after the u. S. House of representatives held a hearing on aviation safety. Among those who testified was paul. Who lost his wife and 3 children in the Ethiopian Airlines crash in march boy and should not be allowed to act like an
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. It was an extraordinary message from the democratic led house. It voted to condemn president trumps comments against four congresswomen of color. The measure met with four republicans, an independent, and all democrats supporting it. Speaker nancy pelosi used racist to describe president trumps tweets and thats when things got tweeted. Laura podesta is here in new york. What happened after that . Republican congressman doug collins said those words violated the house rules of decorum. They tried to strike her commentsen fr commentsen from the record and the statements will remain. Yesterdays statements will remain in the history book as its the first rebuke in the hous the president in years. They condemned president trumps tweets about the four women of color collectively known as the quad. The president s tweeted urges the women to go back whether they came fro