Boeing stock slumps amid plane woes, FAA audit, reported criminal probe
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- čas přidán 17. 03. 2024
- Yahoo Finance spoke to experts about Boeing's stock falling amid mounting concerns, challenges and legal problems facing the company in the thick of 737 Max blowout, investigation, and lawsuit.
#youtube #Boeing #yahoofinance
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If it's Boeing. I ain't going.
Correcto mundo!
You will stay home if there's no Airbus servicingnyour route, then? Good for you and the environment!
The US should seriously look at modern high velocity transport by rail.
Takes more time but safe and so b for the environment 😊
RIP John Barnett. They murdered him.
He was a liability for stockholder value.
Really? This isn't Russia.
@@xiphoid2011I didn't want to believe it either, but the circumstantial evidence is so overwhelming that it just reeks to high heaven. This guy who spent the past 7 years trying to advance his claim in court suddenly decides to commit suicide in the middle of giving depositions. His family, friends, and attorneys are crying foul, and he had the gun still in his hand when they found him (which that alone means 75% of the time it was planted). It's so blatant. It makes me sick.
I would not rule it out either , is's a crazy world , human life does not matter to much there's plenty of us
Too big to fail, doesn’t exist, change my mind
People are calling airlines to see if they're on a Boeing flight.
Virgin Australia and Bonza have the MAX 8's and I'll drive thanks!
1. Killed hundreds of people with 2 crashes. No one held accountable.
2. Netflix showed their internal problems. No change on the management level.
3. Door plug falls off on a brand new plane. Bland apology.
People died, and yet boeings concern is only the stock price.
Corrupted US government and justice system basically made vanishing lots of people legal. (CZcams sick censorship won't allow to call it with a 'M' word)
And that’s where they got courage to do such heinous thing to John Bernett knowing nothing’s gonna happen and they have government backing being the only airline company of America.
Changing from an engineering to a financial firm and putting greed over safety sealed their fate.
The FAA has protected Boeing to Boeing's own detriment. But that doesn't mean the FAA is the main problem. The financialization clowns at the top of Boeing have to go. For the last 25 years all the effort was in pimping the stock and no one cared about building planes. Only because Boeing was in such great shape before that did the hollowing out of the company take so long.
That is debateable how good a shape Boeing was in. The failure to counterdevelop a modern answer to the A320 is not a new issue with the 737 max. The 737 design was already 35 years old by the year 2000, and the problem was only exacerbated when airbus fitted a new generation of engines upon the A320 a decade later. Being should have been in full development of an A320 modern counterpart already back then, but it wasnt. I would say even 25 years ago, there were signs that Boeing was living unhealthily off past achievements.
@@emilsohn1671 25 years was also my number, and not coincidentally. 1997 was the merger with McDonnell Douglas. That's when the spread sheet artists moved in.
The entire C suite of Boeing must be replaced ASAP and criminal charges must be filed against them!
I am sure they will get their bonus package instead.
Cite the statute....
@@Katchi_ Of course, "statues" are more important than human lives and bonus packages are even more important. At least for these people.
Boeing's story would make a great movie. Hardly any embellishment would be needed
They might murder the film makers for depicting Boeing in a negative light. That'd be a risky movie to make.
These dummies were never at risk of failure/bankruptcy at this point since they were in a solid duopoly with Airbus. They had more to gain from slowing down production and putting safety paramount above all else than this path of deaths, and credibility & value destruction. Stupid Greed.
FAA just as culpable as Boeing 😡😡😡😡
FAA (or rather legislators who allowed Boeing self regulate) is responsible for the accidents. However FAA is not responsible for Boeing making faulty airplanes. They are only responsible not rejecting them.
Well definitely the individual who was in charge of auditing Boeing and then took a job at Boeing.
It's important that really corrupt and malicious individuals can't spread around the blame to others at their organization - which is very common unfortunately.
Don't forget American's entiltment when it comes to business and manufacturing. Boeing lived on the idea they were the biggest, then the best, then that security just was meaning that Boiein was ruling the FAA. I highly doubt they'll understand their own entiltment. For that you need a lot of humility, which financial guys don't have much in stock....
FAA is like ADA (American Dental Association) or AHA (American Heart Association) funded by McDonald’s and other junk food companies to spread bs that their junk foods are healthy and FAA is spreading bs like Boeing is safe to fly.
when 75% of boeing engineers say they won't get on their own planes they make, it's saying a lot
Cite a source.
Available on CZcams, a video recorded by the murdered quality manager in Boeing's facility where almost all the guys working here are saying that clearly.....@@Katchi_
I heard it was 81%, not 75%.
This is a verified info.
Boeing stock is trending like MCAS flight path.
Some of my corporate friends in the U.S.have started divesting their Boeing stock,and they have serious airline connections!!😮
Underrated comment 😂
Brilliant! Boeing share price is on autopilot, MCAS autopilot!!
Imagine designing a commercial plane that can't fly NORMALLY and can cause a crash without software.
Then, said software still caused a crash because they didn't want people (even PILOTS) know that the plane have a BUILT-IN DESIGN FLAW....
And ... they assassinated the whistle blower ...
Cite your proof.
You're the only investment Boeing ever made theses last years......LOL@@Katchi_
The clean up that needs to happen is not at the manufacturing level, its at the management level.
Wrong.
According to numerous executive speeches, job #1 is shareholder value. They can't change that.
who can predict that when your products fall apart, your stock fall too
Pitch at Boeing board room: "Hey! Our shares will go up if we cut costs! So let's breeze through safety, quality, and the required documentation and just get those planes out lickity-split! We'll cut millions in costs!" Result: hundreds of millions in losses. Greed, meet your mate, Stupidity.
They got rich for a few years...remember the stock price was at an all-time high of $440/share...even after the first 737 MAX crash.
MBAs at it again! lol
More like MBG, Master of Business Greed
Ummm two planes crashed killing hundreds of people. No one was held accountable. What makes us think a blown out door with no injuries is going to make them take it seriously? These planes are death traps.
No single person was truly held accountable...only a $2.5B "penalty" of sorts.
More money less quality is the formula for bottom liners. Price falls like wheel falling or a sudden plunge.
I remember when a 60% score on a final exam resulted in a failure to pass the class. Send all Boeing non-engineer managers back to grade school. The worker cannot take pride in making a safe product when all the managers are busy counting beans.
“I can’t really comment on Boeing…”. Then why are we listening to you?
How can that lady say: More spotlight on Boeing, UNFORTUNATELY? Doesn't she want the planes as safe as possible?
She's saying the fact that more things keeps coming out about them is unfortunate.
Unfortunate = not lucky Translation - it is unlucky for Boeing that things keep coming out about them.
Boeing probably don't understand that quality starts from the top , not from the bottom.
JIT and SixSigma is laughing at you. Oh... I hear Toyota joining in...
People need to know FAA regularly audit factory, they have validated all process they need to be held accountable too.
Don't know where Boeing going but for sure im very scared to fly because we have to fly Boeing mostly.
The Max should be perminatly grounded as its unsafe.
Not only max, boeing should be close down , they make low quality cheese plane
Legally require Boeing executives to only fly on Boeing max aircraft. No private jets, no yachts or trains. A new world record would be set for how fast the issues get fixed.
Justice for John Barnett
Management needs incentive other than stock price. This is a common issue with many American companies, and is the primary factor in quality degradation.
Buffet's throwing a bulk of its investment into COMAC Aerospace next, just like it did in BYD years ago.
Planes built to date without reliable documentation of critical procedures are basically useless.
Fall baby fall
I think the problem reaches beyond Boeing and the FAA. I think the problem really lays in the workforce ethics in the USA. I remember working in the midwest back in the 1970's during my college years, and later in California in the 1980's, the labor forcé was proud of it's manufacturing prowess. Made in USA, was a brand in itself! Then came the geniuses of outsourcing and everything computerised, and Schumpeters "Creative Destruction" did the rest. Today's workforce does not only not have the 'knowhow' and skills of 'yesteryear', but the work ethos has diminished tremendously. Countries like Korea, Japan, China, to name a few, have 'eaten out lunch' so to speak, and to regain our status we have to better our family life, our public school system, and eat lots of "humble pie". Our exceptionalism is our worst quality, it prevents US learning from others. It's imposible to learn from those we consider lesser beings. Yet, those lesser beings came here, learned from US, and went back home to kick ass and eat our lunch. Those who think electing the right people will make the USA great again are deluded. Only the middle class, the working people, made US the power house we used to be, and it is only this people, the working class, that can bring that greatness back again.
I am with you, but we will get over this. As a SS&R engineer, I am seeing high demand. we’ll get back.
It's not just the passenger airplanes, they are behind schedule and have quality problems with the military training jet they are supposed to deliver soon.
Boeing going where America and the rest of the Western world is going.
Just as expected since the two fatal accidents of the 737max Boeing didn’t do anything on its quality assurance processes. All the things they did was only a facelift. The 737max production must be closed down and the aircraft should be redesigned and given a new name. The problem of Boeing is very deep entrenched in the culture of the company. Solving the issues alone won’t help the company to survive. China’s C919 is going to snatch away Boeing’s market share in medium to short range and Airbus is taking away the other part of the market share.
John Barnett has been on the news since 2019 that Boeing doesn't take any responsibility for quality, so why now do you do the Investigation? Has anyone already sold out the stock?
I know I'm going to avoid flying until regulations and oversight are done in this country. I don't trust these shareholders with my life. Supreme Court needs to do more.
What is your "Supreme Court" supposed to do? Do you know the basics of law in your country?
19702s: I had a bumper sticker that said "I fly DC10" - but it fell off. Maybe it is time for a similar sticker!
Stock falling like the Boings!
Here in the EU we have now had CE standardization for many years now. As a newly qualified engineer, I helped to get the system introduced here in the EU and I also helped business partners in Australia to introduce a similar system and it is a system that everyone can eventually see gives great advantages on a global market.
Later in my career I switched to the aviation industry and was shocked by the antiquated rules used in this industry. As an example, they operate with different standards globally, in the USA they use Gallons and in the EU they use Liters, which as is known has unfortunately also led to accidents such as planes that ran out of fuel in the middle of the Atlantic and planes where the windshield was sucked out, because the thread on the screws was wrong.
These are just a few examples, so there is much more than Boeing that needs to change in that industry.
I’ll walk to where I need to go before I get on a Max or Dreamliner.
American short cuts ….. classic example here
10:39 - Notice how 'self-inflicted wound' is in quotes. Middle dude's reaction be like 😳
Dropped from 260 to 180 in 6 months. I hope they go out of business. John Barnett RIP. He was assassinated.
As a pilot I must say. Boeing jets are still insanely beautiful to me. Just look at the thumbnail.
Is the oversight actually performed by the FAA? Or is oversight left up to the manufacturer?
The government has companies file paperwork to certify that they have followed regulations. "Oversight" is usually making sure that all of the required certifications are made and then conducting random checks to verify the certification is at least not obviously falsified.
This is not just the FAA. The government doesn't have the staff to fully inspect every organization for compliance with every regulation.
Is Boeing hiring workers outside of Home Depot or what??!
I am wondering why Dawn dish soap is suspect, as a mild lubercant? I have been using Non-pumace Gojoe for coolant hoses on heavy equipment for decades. Using soap for air leaks on rubber and steel air lines and tubes. I would only be concerned about it reacting badly with Titanium and Aluminum blends would be the only concern as it is it is safe enough to wash crude oil off of baby Penguins😊
Oil based products would rot the rubber. You NEVER put silicone grease on a silicone rubber O-ring as the grease will desolve the O-ring.
It’ll be $50 soon. It’s going out of business and a total restructuring
Which is it? $50 is not "going out of business". Restructuring can and does occur while being solvent.
@@Katchi_ no. They raise rates then go out of business
I have been following this so much. I thought it was more of a quality thing and now it looks criminal.
I find it diverse.
Bro ran a top notch engineering company like a McDonald's
What are you waiting to put in jail all that bad management??? A complete plane crash???
I think for the next 10 years, nobody should onboard their planes.
The Boeing Board destroyed Boeing.
Who wants to risk thier life by flying a particular plane,? Not me.
"A bit under a pressure" lol
The day 1 priority is double down lobbying to the politicians to close one eye on accountability and that should pump the share up
How much did de-regulation contribute to Boeing's demise.
If it is boeing,im not flying.( rather take titanic or titan sub )😂
Okay let me ask u something? If there is duopoly with most of the airlines using Boeing airplanes. With increasing air travel What makes you think that you have been given a choice?
using soap as a lubricant was probably not a good idea
Good morning news
Is Boeing above the Law???
Too big to fail ?
I hope the stocks keep plummeting. All that effort to cut corners is finally "paying off".
Actually from now on I will not only NOT fly on boings, I will also NOT FLY on any American airlines.
Get ready for Chapter 11 yo!!
BOEING is DROWNING .. 🤣
They didn’t off everyone that was ratting them out
lol their stocks crashed
RIP Boeing 💀
They ain't surviving the entire decade
This is not an FAA issue. An aircraft manufacturer is expected to deliver reliable airplanes even without any oversight. This doesn't mean the FAA doesn't have problems. However FAA rejecting Boeing airplanes won't help Boeing. Boeing making good airplanes will help Boeing. The crux of the issue is Boeing makes crappy airplanes.
Ahhhh the ameritards... Failure MUST be singular. Anything greater than one is too much for their wittle heads.
@@Katchi_ no amount of FAA oversight will fix the quality issues at Boeing. FAA doesn't build airplanes, Boeing does.
Who said “for every new regulation, remove 2 regulations”?
The Orange One?
Airbus will start a 3th assembly line in the USA. But you then need experienced manpower. So Airbus hired them and send them on a 6 month training in Germany. So they are trained on the job. They came back to the USA and said : OK, we are ready to start. Experienced and motivated. Compare that to what Boeing is doing. Cutting the cost will not improve the quality of your product.
Sounds like Boeing are going for Chapter 11, leaving Alaska Airlines in the lurch of compensation claims.
Boeing goin down like BHS an Blockbuster
Boeing had a one day safety meeting. Boeing needs to stop manufacturing new planes and examine the finished planes and see if they are up to mark.
Hotel key cards are great disposable shim material. If the intent is a qualitative assessment of a seal fit I don't see why this is troubling news to anyone. Similarly, dish soap is widely used in manufacturing when a n easily removable non petroleum lube is used. There may be better options depending on their intent. None of this is surprising or concerning to me: the fact that they left four bolts out of the door without those bolts being FOUND and without the removal being DOCUMENTED to trigger someone to check them is the actual problem.
As the guest said, even a broken lav will be interpreted as a Boeing failure, but id remind everyone that aviation is safer than ever and this level of public scrutiny has the chance to discourage folks from speaking up when they see a problem. No doubt the culture and oversight need improvement but I don't believe for a moment that media bleating about dish soap is going to help anyone.
This is fucking CRAZY 😂
This company needs to be gone...nobody has any confidence in the company anymore...Bravo Airbus!!!
This doom and gloom is just insane, boeing still makes great aircraft, time to buy the dip.
Boeing has killed hundreds and killed a whistle-blower. No moral person would buy the dip.
It's still going to be one major problem after another.
Shareholders are culpable in wet job?
How many of you shorted Boeing?
I'm in the process of adding about 300k to my portfolio. Boeing has done me right over the past five years.
I keep seeing people pointing fingers at Boeing for Barnett. I don't think they would do it know all eyes would be on them negatively. I believe someone else did it, taking advantage of the current situation.
You're not much for facts...
Why is has the FAA been asleep, presiding over this scandal: because since Regan, Republicans have been systematically defunding regulation, largely in response to Boeing lobbyists and congressional donations. This is a feature, not a bug in the system, designed and chosen.
This should be a big cautionary tale to all shareholders who believe market de-regulation is the way forward...
It's what happens when you fire 30% of your quality managers, and when you actually fire to one of them who, strange coincidence, was a whisleblower....
Boeing put itself in secondary place on plane manufacturing business, far behind Airbus. You reap what you sow.
The mother of all evils for Boeing is stock price
Going bust!
RIP John Barnett. full investigation into this suspicious and convenient death for Boeing.
the US president should reconsider Boeing Airforce one that thing is a security threat!
President has no say. You clowns think a US president is a dictator.
The stock seems to be falling out of the sky
Headline should read, " Boeing stocks sink faster than their credibility and is getting as low as their quality".
Not helped by the 'suicide', cough cough, of the whisteblower.
Dawn soap is craaaazy
Why do you even put that stupid statement up about Boeing being sorry about his loss?? What BS, they killed him and they're happy he's gone.
Jai Hinduja. Move the 737 production line to India and let us Indians tackle all the safety issues.
No doubt you could, but the problem is in management. Sometimes the quality of pharmaceuticals from India is sub par, likely also due to poor management.
I'm adding roughly 300k of Boeing to my portfolio.
Does Becker work for Boeing?
Worst analyst ever.
Saying “ revert back “ when the word revert means to go back shows a level of ignorance that undermines your presentations .