Breaking: Boeing Stock Plummets after President Trump Halts 737 MAX 8 Flights

2019-3-14 21:53

Boeing stock is in free-fall on Wednesday afternoon after US President Donald Trump announced that he had instructed the Federal Aviation Administration to halt all Boeing 737 MAX 8 and 9 flights following the Sunday crash of Ethiopian Airlines flight 302.

Trump Halts Boeing MAX 737 8 Flights “All of those planes are grounded, effective immediately,” Trump said at the White House, adding that the FAA would provide more details in the coming hours. pic. twitter. com/2qWkPuFDL6 — Donald J. Trump (@realDonaldTrump) March 13, 2019 According to Trump, the FAA became aware of “new information” that led the agency to reverse course

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Dow Futures Plunge 200 Points while Fed Chair Powell Claps Back at Trump

The Dow stands poised to suffer a sixth-consecutive loss ahead of Monday’s opening bell, with the US stock market bellwether enduring a triple-digit beating in the futures markets. All fingers are pointing to Boeing as the source of the index’s woes, but Federal Reserve Chair Jerome Powell’s comments about President Donald Trump in a 60 Minutes interview could have far more impact over the long-term.

2019-3-11 15:55