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Airbus SE (AIRD.XC)
- Yahoo Finance Video
Nvidia, EU targets Microsoft, reactions to Yellen: Morning Brief
It's Tuesday in the final trading week of June 2024 and stocks (^DJI, ^IXIC, ^GSPC) are roaring to give it the old college try after tech-heavy indexes have been dragged down by Nvidia's (NVDA) recent sell-off. The Morning Brief Co-Hosts Seana Smith and Brad Smith guide investors through the market open, reporting on the leading business stories and stock trends of the day. Kace Capital Advisors Founder and CEO Kenny Polcari believes Nvidia's downturn and the market's reaction to it is "way overblown," telling the Morning Brief team that investors should focus on the chip company's long-term story. Bank of America Securities Managing Director and Chief US Economist Michael Gapen sits down to talk about US Secretary of Treasury Janet Yellen's comments on the Federal Reserve's inflation target and the likelihood of a recession made in an exclusive interview with Yahoo Finance. European Union regulators are targeting yet another tech giant, this time it's Microsoft (MSFT), alleging the company breached antitrust laws by bundling its Microsoft Teams software with other programs. Other stocks trending on Yahoo Finance include Boeing (BA) and Spirit AeroSystems (SPR), Airbus (AIR.PA, EADSY), and Carnival Corporation (CCL) as the cruise line operator reports fiscal second-quarter earnings results. Watch Yahoo Finance's full, exclusive interview with US Secretary of the Treasury Janet Yellen. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Airbus stock slides after slashing 2024 guidance, deliveries
Shares of Airbus (AIR.PA) are sliding Tuesday morning after the commercial aircraft manufacturer slashed its 2024 guidance for earnings and deliveries, expecting only to deliver 770 aircraft, versus the previously expected 800. Ongoing supply chain issues were a huge factor in this decision, according to the company. Morning Brief Anchors Brad Smith and Seana Smith break down the latest developments for Airbus and what it could mean for the aerospace company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Reuters
Five-week Quebec Safran strike adds to aircraft supply-chain woes
A five-week strike by Montreal-area Safran SA workers who make landing-gear components used in Boeing and Airbus jets shows no signs of resolution as planemakers say supply-chain snags are hampering production. Workers picketed on Tuesday outside the factory in Mirabel, Quebec, where Safran has been running operations using personnel who are not striking, a company spokesperson said. European aerospace giant Airbus on Monday lowered its forecast for deliveries this year to around 770 jets from 800 and delayed a multi-year hike in narrowbody production, blaming shortages of engines and other parts, including landing gear.
