Boeing (BA) stock is falling off in Thursday's trading session as CFO Brian West warns that the airline manufacturer anticipates slowing fleet deliveries and negative free cash flow. Market Domination's Josh Lipton and Julie Hyman report on West's statements and what they may mean for Boeing's future. In an interview with Yahoo Finance on Wednesday, US Secretary of Transportation Pete Buttigieg said Boeing still has "a long way to go" as the Federal Aviation Administration (FAA) continues its review on Boeing production concerns. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Boeing is now aiming for its first astronaut launch at the beginning of June, after spending the past few weeks struggling with more problems on the space capsule. Officials for the company and NASA said Friday that intensive reviews indicate the Starliner capsule can safely fly with two test pilots, despite a small propulsion system leak. Boeing is targeting June 1 for the launch from Florida.
Deckers Outdoor easily beats profit estimates, Intuit stock tumbles after earnings, and Workday reduces its fiscal-year outlook for subscription revenue.