Podcasts about boeing co

US equity markets advanced as investors digested a cooler-than-expected inflation report that revived hopes of interest rate cuts later this year - Dow fell -270-points or -0.64%. UnitedHealth Group Inc slumped -17.79%, alone wiping ~410-points off the 30-stock index after the insurance giant withdrew its full-year outlook and announced the surprise exit of Chief Executive Officer (CEO) Andrew Witty after four years in the role. The withdrawal of the 2025 outlook comes less than a month after the company slashed its 2025 guidance, saying costs rose as Medicare Advantage care activity had increased at twice the expected rate. Nvidia Corp rallied +5.63% and climbed back above the US$3 trillion level in market capitalisation terms for the first time since February, buoyed by a Bloomberg report that President Trump is planning to unveil a deal that would afford Saudi Arabia more access to advanced chips manufactured by the company and the likes of Advanced Micro Devices (AMD) Inc (+4.01%). To deal with the U.S.'s national security concerns, the U.S. and Saudi governments have reportedly discussed creating data embassies, where data centres will fall under foreign regulations rather than local laws around data protection. Meanwhile, Nvidia Chief Executive Jensen Huang announced a deal to deploy 18,000 chips with newly launched Saudi AI firm Humain for a data centre that is expected to reach 500 megawatts. AMD also announced a US$10B partnership with the artificial intelligence (AI) company to build out its AI infrastructure over the next five years. Boeing Co rose +2.46% following reports that China had lifted its ban on deliveries of US-made aircraft.

US equity markets advanced but settled well off their session highs, with investor sentiment buoyed a new trade agreement forged between the United States and Britain, while President Trump indicated upcoming talks with China would be “very substantive” and, if productive, could lead to tariff reductions - Dow rose +254-points or +0.62% to 41,368.48, just failing to exit official correction territory.  Boeing Co rallied +3.31% and was the leading performer in the 30-stock index after U.S. Commerce Secretary Howard Lutnick said the UK would buy US$10B of aircraft from the aerospace company. Walt Disney Co +2.97% a day after the entertainment giant posted a stronger-than-expected adjusted earnings per share (EPS) and revenue and unveiled a plan to build a theme park in Abu Dhabi, United Arab Emirates.

The Dow and S&P 500 posted a fifth consecutive session of gains, booking their longest winning streak of 2025 to date and settling well off their session lows in a muted trading to open a very busy week of corporate earnings and economic data - Dow rose +114-points or +0.28%. Boeing Co rose +2.44% to US$182.30, buoyed by an upgrade from analysts at Bernstein to ‘outperform with a target price of US$218 (from US$181 previously), and as its deal to reacquire Spirit AeroSystems Holdings (+2.61%) cleared another hurdle. International Business Machines (IBM) Corp +1.61% after pledging a US$150B investment over the next five years to aid the development of technology in the U.S. The company said it would invest more than US$30B in research and development to continue its domestic manufacturing of mainframe and quantum computers. Nvidia Corp fell -2.05% following a Wall Street Journal (WSJ) report that China's Huawei Technologies has developed a new chip called the Ascend 910D, with hopes it will become be more powerful than Nvidia's H100. Huawei is already poised to ship more than 800,000 of its Ascend 910B and 910C chips to customers including state-owned telecommunications carriers and private AI developers, such as TikTok's parent ByteDance, according to the WSJ. Nvidia's H100 was released in 2022 and has since been superseded by later generations of its Hopper chips and its new Blackwell AI semiconductors. Nvidia is prohibited from selling its most powerful AI chips to Chinese companies.

The Dow and S&P 500 posted a fifth consecutive session of gains, booking their longest winning streak of 2025 to date and settling well off their session lows in a muted trading to open a very busy week of corporate earnings and economic data - Dow rose +114-points or +0.28%. Boeing Co rose +2.44% to US$182.30, buoyed by an upgrade from analysts at Bernstein to ‘outperform with a target price of US$218 (from US$181 previously), and as its deal to reacquire Spirit AeroSystems Holdings (+2.61%) cleared another hurdle. International Business Machines (IBM) Corp +1.61% after pledging a US$150B investment over the next five years to aid the development of technology in the U.S. The company said it would invest more than US$30B in research and development to continue its domestic manufacturing of mainframe and quantum computers. Nvidia Corp fell -2.05% following a Wall Street Journal (WSJ) report that China's Huawei Technologies has developed a new chip called the Ascend 910D, with hopes it will become be more powerful than Nvidia's H100. Huawei is already poised to ship more than 800,000 of its Ascend 910B and 910C chips to customers including state-owned telecommunications carriers and private AI developers, such as TikTok's parent ByteDance, according to the WSJ. Nvidia's H100 was released in 2022 and has since been superseded by later generations of its Hopper chips and its new Blackwell AI semiconductors. Nvidia is prohibited from selling its most powerful AI chips to Chinese companies.

US equity markets rebounded strongly, more than recouping the previous session's sharp declines as investors digested a busy corporate earnings calendar and comments from Treasury Secretary Scott Bessent  - Dow rose +1,017-points or +2.66%, with all 30 index components advancing.  Nvidia Corp +2.04% after Amazon.com Inc (+3.50%) pushed back against reports that it was pulling back on building artificial-intelligence (AI) infrastructure. “This is routine capacity management, and there haven't been any recent fundamental changes in our expansion plans,” wrote Kevin Miller, vice president of global data centres (DC) at Amazon Web Services (AWS), in a post on LinkedIn late Monday (21 April) in response to reports that the Cloud business delayed several new DC leases. Boeing Co rose +2.00% after the aerospace company agreed to sell portions of its Digital Aviation Solutions business to private-equity firm Thoma Bravo in a deal worth US$10.55B.

US equity markets rebounded strongly, more than recouping the previous session's sharp declines as investors digested a busy corporate earnings calendar and comments from Treasury Secretary Scott Bessent - Dow rose +1,017-points or +2.66%, with all 30 index components advancing. Nvidia Corp +2.04% after Amazon.com Inc (+3.50%) pushed back against reports that it was pulling back on building artificial-intelligence (AI) infrastructure. “This is routine capacity management, and there haven't been any recent fundamental changes in our expansion plans,” wrote Kevin Miller, vice president of global data centres (DC) at Amazon Web Services (AWS), in a post on LinkedIn late Monday (21 April) in response to reports that the Cloud business delayed several new DC leases. Boeing Co rose +2.00% after the aerospace company agreed to sell portions of its Digital Aviation Solutions business to private-equity firm Thoma Bravo in a deal worth US$10.55B.

US equity markets retreated in muted trading  - Dow fell -156-points or -0.38% Boeing Co fell -2.36% and was the worst performer in the 30-stock index after a Bloomberg report said China ordered its airlines not to take any further deliveries of the company's jets, marking the latest escalation in the trade war between Washington and Beijing.Nvidia Corp fell over >5.5% in extended trading (after rising +1.35% in the regular session) after the company disclosed in a filing with the Securities and Exchange Commission (SEC) that future sales of its H20 AI accelerators to China would require a license from the U.S. Department of Commerce. The licenses are unlikely to be forthcoming. As a result, Nvidia will take a US$5.5B charge in the current (first) quarter for H20 inventory and cancelled sales.

US equity markets retreated in muted trading - Dow fell -156-points or -0.38% Boeing Co fell -2.36% and was the worst performer in the 30-stock index after a Bloomberg report said China ordered its airlines not to take any further deliveries of the company's jets, marking the latest escalation in the trade war between Washington and Beijing.

US equity markets soared, arresting a four-session slide after President Trump's decision to delay some of the tariffs announced last week for 90 days, effective immediately, unleashed a flood of buying - Dow rallied +2,963-points or +7.87% biggest percentage advance since March 2020. Nvidia Corp soared +18.72% to lead all 30 index components higher, while Apple Inc (+15.33%, logging its best daily performance since January 1998 and adding more than >US$400B in market capitalisation) and Boeing Co (+15.37%) both jumped over >15%.

Friday (4 April) marked another brutal session for US equity markets as China responded in kind to the Trump administration's tariff measures and further fanned recession fears - Dow dropped -2,231-points or -5.50% , with Boeing Co (down -9.49%) and 3M Co (-9.18%) both fell over >9% to lead all 30-index components lower with the exception of Nike Inc (up +3%). The latter was buoyed by a friendly social-media post from President Trump about Vietnam, a country Nike relies on heavily to manufacture their products. China's finance ministry announced its own 34% tariff on all US imports, effective 10 April. The levy matches the 34% import duty the White House said it would impose on Chinese products slated to go into effect no later than 9 April. Beijing said Trump's tariffs were "inconsistent with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice." In addition to the tariffs, China imposed export bans on select rare earth materials and added two US drone manufacturers to its "unreliable entities" list, effectively restricting their access to Chinese components. It also expanded its “unreliable entity list” by 11 American companies and launched an anti-dumping investigation into imports of medical CT tubes from the U.S. and India.

Friday (4 April) marked another brutal session for US equity markets as China responded in kind to the Trump administration's tariff measures and further fanned recession fears - Dow dropped -2,231-points or -5.50% , with Boeing Co (down -9.49%) and 3M Co (-9.18%) both fell over >9% to lead all 30-index components lower with the exception of Nike Inc (up +3%). The latter was buoyed by a friendly social-media post from President Trump about Vietnam, a country Nike relies on heavily to manufacture their products.China's finance ministry announced its own 34% tariff on all US imports, effective 10 April. The levy matches the 34% import duty the White House said it would impose on Chinese products slated to go into effect no later than 9 April. Beijing said Trump's tariffs were "inconsistent with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice." In addition to the tariffs, China imposed export bans on select rare earth materials and added two US drone manufacturers to its "unreliable entities" list, effectively restricting their access to Chinese components. It also expanded its “unreliable entity list” by 11 American companies and launched an anti-dumping investigation into imports of medical CT tubes from the U.S. and India.

All three major U.S. stock indices snapped a three-day winning streak as an imminent tariff announcement from President Trump derailed the recovery from a month-long selloff - Dow fell -132.71-points or 0.31% lower. Nvidia Corp fell -5.74% amid concerns about possible new restrictions on the chipmaker's sales in China. Regulators in China have been discouraging the country's large technology companies from purchasing Nvidia's H20 chip - specifically designed to satisfy U.S. sanctions on exports - as it breaches energy-efficiency rules, the Financial Times reported, citing people with knowledge of the matter. Boeing Co fell -2.1% after a federal judge ordered the airplane maker to go to trial in June in a criminal case related to two 737 MAX crashes in 2018 and 2019. The Wall Street Journal reported Monday (24 March) that Boeing sought to withdraw an earlier agreement to plead guilty in the case that blamed it for deceiving regulators before the crashes. The broader S&P500 shed -1.1% and the biggest decline in almost 2 weeks. Consumer staples rose +1.42%, leading five of the eleven primary sectors higher. Information technology was the worst hit -down -2.46% and sat at the foot of the primary sector leaderboard followed by Communication services- down 2.04%

All three major U.S. stock indices snapped a three-day winning streak as an imminent tariff announcement from President Trump derailed the recovery from a month-long selloff -  Dow fell -132.71-points or 0.31% lower. Nvidia Corp fell -5.74% amid concerns about possible new restrictions on the chipmaker's sales in China. Regulators in China have been discouraging the country's large technology companies from purchasing Nvidia's H20 chip - specifically designed to satisfy U.S. sanctions on exports - as it breaches energy-efficiency rules, the Financial Times reported, citing people with knowledge of the matter. Boeing Co fell -2.1% after a federal judge ordered the airplane maker to go to trial in June in a criminal case related to two 737 MAX crashes in 2018 and 2019. The Wall Street Journal reported Monday (24 March) that Boeing sought to withdraw an earlier agreement to plead guilty in the case that blamed it for deceiving regulators before the crashes. The broader S&P500 shed -1.1% and the biggest decline in almost 2 weeks. Consumer staples rose +1.42%, leading five of the eleven primary sectors higher. Information technology was the worst hit -down -2.46% and sat at the foot of the primary sector leaderboard followed by Communication services- down 2.04%

US equity markets settled with modest gains on Friday (21 March) following a late-session rally, erasing earlier losses after comments from U.S. President Trump provided hope that previously announced tariffs expected to begin in early April may not be as burdensome as feared - Dow edged +32-points or +0.08% higher, with Boeing Co rising +3.06% after the Trump administration awarded the plane maker a contract to build the U.S. Air Force's most sophisticated fighter jet (to be called the F-47), beating out rival Lockheed Martin Corp (down -5.79%). While financial details were not disclosed, The Wall Street Journal estimated that research, development, and acquisition costs could exceed >US$50B. Nike Inc fell -5.42% and was the worst performing Dow component after posting its fiscal third quarter result after the close of the previous session and projected a sharper decline in fourth-quarter revenue than analysts had anticipated.

US equity markets settled with modest gains on Friday (21 March) following a late-session rally, erasing earlier losses after comments from U.S. President Trump provided hope that previously announced tariffs expected to begin in early April may not be as burdensome as feared - Dow edged +32-points or +0.08% higher, with Boeing Co rising +3.06% after the Trump administration awarded the plane maker a contract to build the U.S. Air Force's most sophisticated fighter jet (to be called the F-47), beating out rival Lockheed Martin Corp (down -5.79%). While financial details were not disclosed, The Wall Street Journal estimated that research, development, and acquisition costs could exceed >US$50B. Nike Inc fell -5.42% and was the worst performing Dow component after posting its fiscal third quarter result after the close of the previous session and projected a sharper decline in fourth-quarter revenue than analysts had anticipated.The broader S&P500 inched +0.08% higher, with Communication Services (up +1.0%) leading just three of the eleven primary sectors higher. Real Estate (down -1.03%) and Materials (-1.0%) both fell ~1%. Economic bellwether FedEx Corp fell -6.45% to be the worst performer in the S&P 500 after the package delivery giant reported a solid quarter result after the close of last Thursday's (20 March) session but cut its full-year profit and revenue forecasts, citing continued weakness and uncertainty in the U.S. industrial economy.

US equity markets weaker, extending the steep losses recorded a day earlier albeit settling off their worst levels of the session as tariffs of 25% on Canada and Mexico took effect - Dow shed -670-points or -1.55% to 42,520.99, having fallen as much a -843 points at its session low.  A close below 40,512.64 would mark a correction (defined as a 10% fall from the most recent peak) from the index's record close of 45,014.04, set on 4 December. Boeing Co (down -6.56%) was the worst performer in the 30-stock index. Nvidia Corp rose +1.67%, recouping some of the previous session's -8.81% decline that dragged the chipmaker into official correction territory (after settling more than >20% below its record all-time closing high of US$149.43 set on 6 January).

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Jimmy Carter, the former Georgia peanut farmer who as US president brokered a historic and lasting peace accord between Israel and Egypt in a single term marred by soaring inflation, an oil shortage and Iran’s holding of American hostages, has died. He was 100. (2) Investigators probing the cause of the worst civil aviation accident ever in South Korea will focus on a bird strike and the unusual landing-gear failure in the final moments of the fateful flight that left all but two of the 181 occupants of the Boeing Co. 737 jet dead. (3) South Korean police sought a warrant on Monday to arrest President Yoon Suk Yeol after the impeached leader repeatedly defied summons to appear for questioning over his martial law declaration. (4) Britain’s ruling Labour Party would lose nearly 200 seats if elections were held today as the populist Reform UK Party surges, according to a Sunday Times poll. (5) Elon Musk reiterated his support for the far-right Alternative for Germany party, or AfD, in a newspaper opinion piece published less than two months before Germans go to the polls.See omnystudio.com/listener for privacy information.

US equity mostly firmer top open a week punctuated by major global central bank meetings and inflation data - Dow fell -111-points or -0.25%, recording an eight straight session decline to book its longest stretch of daily losses since 2018. Unitedhealth Group Inc (down -4.22%), Verizon Communication Inc (-3.31%) and Chevron Corp (-2.93%) logged the sharpest falls in the 30-stock index overnight. Nvidia Corp lost -1.92% to US$131.46 and entered official correction territory (down over >10% from its 7 November all-time high of US$148.88). Honeywell International Inc (up +3.68%) was the leading Dow component overnight as the conglomerate issued an update on its portfolio review begun earlier this year, noting that it is considering spinning off its aerospace unit. Amazon.com Inc (+2.4%) and Boeing Co (+2.07%) both climbed over >25.

US equity markets declined ahead of the latest inflation figures tonight AEST - Dow retreated for a fourth straight session, down -154-points or -0.35%. Nvidia Corp fell -2.69%, extending its two-day slide to over >5% after China's State Administration for Market Regulation said it was investigating the company over possible violations of the country's antimonopoly law, opening an investigation into the chipmaker in relation to the acquisition of Mellanox and some agreements made during the acquisition. Nvidia's revenue in China totalled US$13.5B in the past four quarters, accounting for ~12% of its global total, according to The Wall Street Journal (WSJ). Caterpillar Inc (-2.72%) and Merck & Co Inc (-2.69%) both fell over >2.5%. Boeing Co rallied +4.50% after the aerospace giant said it had restarted production of its 737 MAX jets. Production was paused for more than 12 weeks because of a seven-week labour strike that began in mid-September and settled in early November.

US equity markets declined ahead of the latest inflation figures tonight AEST - Dow retreated for a fourth straight session, down -154-points or -0.35%.  Nvidia Corp fell  -2.69%, extending its two-day slide to over >5% after China's State Administration for Market Regulation said it was investigating the company over possible violations of the country's antimonopoly law, opening an investigation into the chipmaker in relation to the acquisition of Mellanox and some agreements made during the acquisition. Nvidia's revenue in China totalled US$13.5B in the past four quarters, accounting for ~12% of its global total, according to The Wall Street Journal (WSJ). Caterpillar Inc (-2.72%) and Merck & Co Inc (-2.69%) both fell over >2.5%. Boeing Co rallied +4.50% after the aerospace giant said it had restarted production of its 737 MAX jets. Production was paused for more than 12 weeks because of a seven-week labour strike that began in mid-September and settled in early November.

US equity markets advanced and bond yields retreated as investors digested President-elect Donald Trump's nominee for Treasury secretary, Key Square Capital Management founder Scott Bessent - Dow gained +440-points or +0.99% to 44,736.57, recording its 45th record closing high of the year. Recent Dow inclusion Sherwin-Williams Co was the leading performer in the 30-stoc index overnight, while Boeing Co (+2.55%) and Unitedhealth Group Inc (+2.53%) both rose ~2.5%. Nvidia Corp fell -4.18% to be the worst performer in the Dow overnight.

US equity markets advanced, underpinned by a fresh outperformance for industrial and small capitalisation names - Dow rose +426-points or +0.97% to a record closing high of 44,296.51. Boeing Co +4.10% was the leading Dow component on Friday (22 November). Nike Inc rose +3.06% Nvidia Corp -3.22% was the worst performer in the 30-stock index and one of just five (5) Dow components to settle in the red on Friday (22 November). Amazon.com Inc lost -0.64%

US equity markets advanced after logging their worst weekly performance since early September last week - Dow slipped -55-points or -0.13%. Nike Inc (down -2.31%) was the worst performer in the Dow overnight amid concerns that overall athletic apparel trends softened further in October. Walt Disney Co fell -1.34%, snapping a nine-session winning streak. Nvidia Corp fell -1.29%, with after The Information reporting over the weekend that the company's new Blackwell chips have faced overheating issues. The chip giant is slated to report its third quarter result after the close of Wednesday night's AEST (21 November) session. Boeing Co (up +2.63%) was the leading performer in the 30-stock index overnight.

US equity markets settled little changed as investors digested a benign October inflation report - Dow added +47-points or +0.11%, unwinding an earlier rally of as much as +230-points. Amazon.com Inc (up +2.48%) and Chevron Corp (+2.21%) both gained over >2%. Boeing Co (down -3.58%) was the worst performer in the 30-stock index overnight.

US equity markets settled little changed as investors digested a benign October inflation report - Dow added +47-points or +0.11%, unwinding an earlier rally of as much as +230-points. Amazon.com Inc (up +2.48%) and Chevron Corp (+2.21%) both gained over >2%. Boeing Co (down -3.58%) was the worst performer in the 30-stock index overnight.

Large capitalisation technology stocks led US equity markets higher as investors awaited the results U.S. presidential election - Dow rose +427-points or +1.02%. Intel Corp rose +3.55%, more than recouping the previous session's -2.93% decline to be the leading performer in the 30-stock index. Goldman Sachs Group Inc rose +3.03%. Boeing Co lost -2.62% despite workers voting by 59% to end their strike and return to work, securing a 38% raise over the next four years and paving the way for the troubled manufacturer's Washington factories to restart production.

Large capitalisation technology stocks led US equity markets higher as investors awaited the results U.S. presidential election - Dow rose +427-points or +1.02%. Intel Corp rose +3.55%, more than recouping the previous session's -2.93% decline to be the leading performer in the 30-stock index. Goldman Sachs Group Inc rose +3.03%. Boeing Co lost -2.62% despite workers voting by 59% to end their strike and return to work, securing a 38% raise over the next four years and paving the way for the troubled manufacturer's Washington factories to restart production.

US equity markets made a positive start to November as investors digested the latest results from large technology companies and labour market data that reinforced expectations that the Federal Reserve will continue cutting interest rates - Dow gained +289-points or +0.69%. Intel Corp (up +7.81%) and Amazon.com Inc (+6.19%) were the leading performers in the 30-stock index, with both companies posting quarterly results after the close of the previous session. Boeing Co +3.54% after the aircraft manufacturer reached a tentative deal with International Association of Machinists (IAM) on a new contract, potentially ending a crippling seven-week strike. The new offer includes a 38% general wage increase over four years, higher than the previous offer of 35%, with union members expected to vote on the deal tonight AEST.

US equity markets made a positive start to November as investors digested the latest results from large technology companies and labour market data that reinforced expectations that the Federal Reserve will continue cutting interest rates - Dow gained +289-points or +0.69%. Intel Corp (up +7.81%) and Amazon.com Inc (+6.19%) were the leading performers in the 30-stock index, with both companies posting quarterly results after the close of the previous session.  Boeing Co +3.54% after the aircraft manufacturer reached a tentative deal with International Association of Machinists (IAM) on a new contract, potentially ending a crippling seven-week strike. The new offer includes a 38% general wage increase over four years, higher than the previous offer of 35%, with union members expected to vote on the deal tonight AEST.

US equity markets climbed as of the busiest week of the US third quarter earnings calendar got underway and ahead of some key economic releases later in the week - Dow rallied +273-points or +0.65%, snapping a five-session losing streak. 3M Co (up +4.44%) after J.P. Morgan reiterated its 'overweight' rating and boosted its price target on the manufacturer of industrial, safety, and consumer products. However, Boeing Co fell -% after the aircraft manufacturer announced plans to raise ~US$19B to shore up its finances.

US equity markets mixed as investors trawled through another busy corporate earnings calendar - Dow eased -141-points or -0.33%, booking its fourth consecutive session decline. International Business Machines (IBM) fell 6.17% to be the worst performer in the 30-stock index after a mixed third quarter result after the close of the previous session. Boeing Co -1.19% after the International Association of Machinists and Aerospace Workers Union rejected a new labour contract, extending a six-week strike that has crippled production.

US equity markets settled with modest declines in the wake of slightly stickier inflation data for September - Dow slipped -58-points or -0.14%. Boeing Co fell -1.84% to be the worst performer in the 30-stock index. International Business Machines (IBM) Inc (-0.55%) touched a record all-time high (US$235.83) earlier in the session. Amazon.com Inc rose +0.80% after the on-line retailing giant said that sales and number of items sold during Prime Big Deal Days on Tuesday (8 October) and Wednesday (9 October) were the most ever for one of its October events. Doug Herrington, Chief Executive Officer (CEO) of Worldwide Amazon Stores, said it “marked a strong start to the holiday shopping season.” Amazon was in trying to get a jump on the key sales period heading into Christmas. Target Corp's (up +1.06%) second Target Circle Week of the year kicked off on Sunday (6 October) and runs through Saturday (12 October). Dow component Walmart Inc's (down -0.98%) Holiday Deals event runs until Sunday (13 October).

US equity markets settled with modest declines in the wake of slightly stickier inflation data for September - Dow slipped -58-points or -0.14%. Boeing Co fell -1.84% to be the worst performer in the 30-stock index. International Business Machines (IBM) Inc (-0.55%) touched a record all-time high (US$235.83) earlier in the session. Amazon.com Inc rose +0.80% after the on-line retailing giant said that sales and number of items sold during Prime Big Deal Days on Tuesday (8 October) and Wednesday (9 October) were the most ever for one of its October events. Doug Herrington, Chief Executive Officer (CEO) of Worldwide Amazon Stores, said it “marked a strong start to the holiday shopping season.” Amazon was in trying to get a jump on the key sales period heading into Christmas. Target Corp's (up +1.06%) second Target Circle Week of the year kicked off on Sunday (6 October) and runs through Saturday (12 October). Dow component Walmart Inc's (down -0.98%) Holiday Deals event runs until Sunday (13 October).

US equity markets settled with modest declines in the wake of slightly stickier inflation data for September - Dow slipped -58-points or -0.14%. Boeing Co fell -1.84% to be the worst performer in the 30-stock index. International Business Machines (IBM) Inc (-0.55%) touched a record all-time high (US$235.83) earlier in the session. Amazon.com Inc rose +0.80% after the on-line retailing giant said that sales and number of items sold during Prime Big Deal Days on Tuesday (8 October) and Wednesday (9 October) were the most ever for one of its October events. Doug Herrington, Chief Executive Officer (CEO) of Worldwide Amazon Stores, said it “marked a strong start to the holiday shopping season.” Amazon was in trying to get a jump on the key sales period heading into Christmas. Target Corp's (up +1.06%) second Target Circle Week of the year kicked off on Sunday (6 October) and runs through Saturday (12 October). Dow component Walmart Inc's (down -0.98%) Holiday Deals event runs until Sunday (13 October).

US equity markets built on the previous session's solid gains, with the S&P 500 and Dow logging fresh record closing highs ahead of key inflation figures tonight AEST and third quarter earnings season moving into gear - Dow rallied +432-points or +1.03% to 42,512 . Honeywell International Inc +3.24% Boeing Co (down -3.41%) was the worst performing Dow component overnight after the aircraft manufacturer withdrew its contract offer to the striking International Association of Machinists, observing that "the union did not seriously consider our proposals," and instead made "non-negotiable demands" that the company could not meet. Meanwhile, S&P Global warned the strike was "increasing financial risk for the company," and estimated Boeing will have a US$10B cash outflow this year as a result. The ratings agency put its ratings on Boeing's debt on "CreditWatch with negative implications."

Technology stocks powered a rebound on US equity markets and overshadowed disappointment around a lack of detail regarding any fresh China stimulus measures - Dow rose +126-points or +0.3%. Intel Corp (up +4.2%) was the leading performer in the 30-stock index, while economic bellwether Caterpillar Inc and Dow Inc both fell -2.58% to be the key laggards. Boeing Co, with S&P Global Ratings weighing downgrading the aircraft manufacturer's credit score to junk as the company continues to suffer from the fallout of a protracted labour strike.

• US equity markets rallied as investors welcomed a stronger-than-expected monthly jobs report that bolstered hopes of a so-called soft landing for the US economy and a suspension of the U.S. dockworkers strike - Dow rose +341-points or +0.81% to a fresh record closing high of 42,352.75. JP Morgan Chase & Co (up +3.55%) and American Express Co (+3.02%) rose over >3% to be the leading performers in the 30-stock index on Friday (4 October). Boeing Co rose +2.98% after its joint venture with Lockheed Martin Corp (down -0.11%), United Launch Alliance, successfully completed the second launch of its new Vulcan rocket.

US equity markets declined as a major escalation of the conflict in the Middle East and the spectre of a large labour strike at ports on the U.S. East Coast and Gulf Coast weighed on investor sentiment - Dow fell -173-points or 0.41%, snapping a three session winning streak that had lifted the 30-stock index to record highs. Intel Corp (down -3.28%) was the worst performing Dow component overnight, while Microsoft Corp (-2.23%) and Walt Disney Co (-2.22%) both fell over >2%. Boeing Co rose +1.43% following a Bloomberg report that the aerospace and defence giant is working with advisers to explore its options to bolster cash reserves depleted by a machinists strike, including issuing at least US$10B in new shares. Chevron Corp (up +1.65%) was the leading Dow component, tracking the latest rise in crude prices

Boeing Co. has had more than its share of struggles in the past few years. The airplane and aerospace manufacturing giant has become a national joke owing to quality problems on its commercial aircraft that resulted in bolts missing or loose on cabin doors and other mishaps. Most recently, Boeing is being called to account by Congress for problems related to the Starliner, which recently got stuck at the International Space Station. For Peter Schweizer, host of The Drill Down, Boeing's problems are personal. He grew up in the Seattle area, where his father, an immigrant from Switzerland, worked as an engineer at Boeing for more than 30 years designing wing flaps and the hydraulic components that operate them. Boeing in the 1970s and 1980s was a different company, before its merger with aerospace company McDonnell-Douglas, but he remembers a proud company pursuing excellence and innovation in everything it did. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the last ten years, we have seen a marked shift from the Delaware Chancery Court chipping away at corporate board member liability claims. In a number of seminal cases involving Boeing airplane crashes (In re the Boeing Co. Derivative Litig., No. 2019-0907 (Del. Ch. Sept 7, 2021)), and deadly listeria outbreaks from tainted ice cream (Marchand v. Barnhill, 212 A.3d 805 (Del. 2019)), Delaware Courts have upheld plaintiffs' cases against claims of failing to adequately plead violations of the standards set forth in Caremark, 698 A.2d 959 (Del. Ch. 1996), (establishing basic pleading requirements to withstand motions to dismiss). In this episode, Mike Volkov provides a comprehensive update on the recent Caremark decisions issued by the Delaware Chancery Court, underscoring their importance for accountability and governance in the corporate world.Caremark oversight duties stem from the well-established duty of loyalty and its subsidiary duty of good faith. To plead a Caremark claim, a plaintiff is required to put forth adequate facts from which a factfinder can make a reasonable inference that the fiduciary acted in bad faith. Under Caremark, bad faith can be established when a fiduciary: “(1) utterly fail[s] to implement any reporting or information system or controls," or (2) having implemented such a system or controls, consciously fail to monitor or oversee its operations, which results in a failure to act or attend to a risk or problem requiring their attention or response. Last year, the Chancery Court made a groundbreaking decision, extending the so-called Caremark oversight obligations and governance requirements to senior management in the McDonald's case. In re McDonald's Corp. S'holder Derivative Litig., 289 A.3d 343 (Del. Ch. 2023). This ruling is one of the most significant developments in recent years, advocating for increased accountability for oversight and governance failures.Recent cases, such as the Boeing 737 MAX crashes and the Listeria outbreak from tainted Blue Bell ice cream, have highlighted failures in proper board governance and oversight responsibilities.In a case involving Segway, the Chancery Court dismissed a motion against an officer for failing to detect financial discrepancies, emphasizing the need to demonstrate a lack of good faith in monitoring central compliance risks.The trend in Delaware Chancery Court decisions is moving towards holding directors and officers accountable for failures to act in response to indications of potential illegal conduct, with a focus on bad faith actions.The Boeing case exemplifies the consequences of board members ignoring safety concerns and focusing solely on the bottom line, leading to tragic outcomes that could have been prevented with proper oversight and accountability.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

This Day in Legal History: President Johnson AcquittedOn May 16, 1868, a significant moment in U.S. legal and political history occurred when President Andrew Johnson was acquitted in his impeachment trial. Johnson, who had ascended to the presidency following the assassination of Abraham Lincoln, was charged with high crimes and misdemeanors, primarily stemming from his violations of the Tenure of Office Act. This law, which was later repealed, had been designed to restrict the power of the President to remove certain officeholders without the Senate's approval.The crux of the case against Johnson was his attempt to remove Edwin Stanton, the Secretary of War, without Senate consent, which ignited a fierce political battle with the Radical Republicans who dominated Congress. These lawmakers sought a stricter Reconstruction of the Southern states following the Civil War, a process Johnson had obstructed through his lenient policies towards the former Confederate states.The impeachment trial in the Senate was a closely watched affair, reflecting deep national divisions during a tumultuous period in American history. Johnson narrowly escaped removal from office by one vote, securing a "not guilty" verdict with a tally of 35-19, just shy of the two-thirds majority required for conviction.This verdict had lasting implications for the balance of power between the presidency and Congress, highlighting the complexities of presidential impeachment. Johnson's trial set a significant precedent, establishing that political disagreements alone were not sufficient grounds for removal from office under the Constitution. This event remains a pivotal chapter in the saga of American governance and legal standards, underscoring the enduring struggle over the limits of presidential authority.Ghostwriting in legal briefs refers to the practice where an experienced attorney, often a specialist in Supreme Court matters, writes or significantly contributes to a brief without their name appearing on the document. This tactic is predominantly used in opposition briefs—the documents that argue why the Supreme Court should not agree to hear a particular case. The strategy behind ghostwriting is to leverage the expertise of seasoned Supreme Court advocates without drawing attention to the case with a high-profile name. This can make the brief more persuasive without signaling that the case might be significant enough to warrant the Court's attention.Despite there being no explicit rules against ghostwriting in court documents, and the American Bar Association deeming it ethically permissible under certain circumstances, the practice has sparked debate. Critics, like law professor Daniel Epps, argue that it might be seen as misleading because it intentionally hides the involvement of influential lawyers to influence the Court's decisions indirectly. Advocates of transparency suggest that disclosing all authors of a brief could lead to more informed decision-making by the justices.However, some legal experts argue that ghostwriting is detectable by justices familiar with the distinct writing styles and argumentative structures typical of veteran Supreme Court lawyers. This recognition could potentially undermine the purpose of ghostwriting by making the justices aware of the underlying significance and expert handling of the case. Despite these concerns, ghostwriting remains a utilized, albeit controversial, tactic in the strategic presentation of cases to the Supreme Court.Ghostwriters Try Steering Supreme Court Justices Away from CasesQuinn Emanuel, a prominent law firm, has integrated an AI-powered tool from Pre/Dicta to predict judicial decisions in litigation cases, enhancing strategic planning and case management. The tool, developed by Pre/Dicta—a company specializing in judicial analytics—utilizes artificial intelligence to analyze various judge-specific factors such as age, gender, education, and net worth, which the company's CEO, Dan Rabinowitz, suggests, in reporting by Bloomberg Law, influence decision-making. This predictive capability is seen as critical for litigators, akin to writing briefs.The technology is designed to anticipate judges' rulings on various motions including summary judgments, class certifications, and venue transfers with an impressive accuracy of about 85%, as evidenced by tests on 50,000 cases. Ryan Landes, a partner at Quinn Emanuel, highlights the strategic advantage this provides, potentially altering the cost-benefit analysis of legal actions based on predicted outcomes.Currently, the tool is used only for analyzing federal court cases, with plans to expand to state court cases, starting with California. This AI application underscores the broader trend of law firms leveraging new technologies to improve efficiency and decision-making.Quinn Emanuel Adopts AI-Powered Tool to Predict Judicial RulingsFederal lawmakers have begun efforts to repeal a new rule by the Department of Labor (DOL) that broadens the definition of a fiduciary, impacting more financial advisors. This rule, finalized in April, extends fiduciary responsibilities to include advice on rolling over 401(k) funds into annuities and individual retirement accounts. Critics, including some Wall Street firms and life insurers, argue that this rule could hinder their ability to earn commissions and offer services, potentially complicating retirement planning for individuals.The resolution to overturn the rule is led by Senators Ted Budd, Bill Cassidy, Joe Manchin, and Roger Marshall, along with support in the House from Representatives Rick Allen and Virginia Foxx. They claim the rule constitutes executive overreach and could limit consumers' financial management options and access to advice, risking their future financial security.The rule is already facing legal challenges from the insurance industry, which seeks to prevent its enforcement through a lawsuit filed under the Administrative Procedure Act. This legal action requests both a preliminary and permanent injunction against the rule.The process to repeal the rule involves a Congressional Review Act (CRA) procedure, where Congress, after receiving a report from the Labor Department, has 60 days to pass a joint resolution of disapproval. If passed, this would proceed to President Joe Biden's desk, where he is likely to veto it based on previous actions, such as his veto of a resolution against the DOL's ESG rule in March 2023. However, there remains a possibility for Congress to override such a veto.Biden 401(k) Advice Rule Repeal Effort Begins in Congress (2)Boeing Co. is facing significant scrutiny from shareholders at its annual meeting on May 17, reflecting deep dissatisfaction with the company's management and response to ongoing safety issues with its jets. Shareholders, advised by proxy-voting firms Glass Lewis and Institutional Shareholder Services (ISS), are particularly critical of Boeing's board and executive compensation, signaling discontent with how the company has addressed the systemic safety failures that have plagued its newer aircraft models.Glass Lewis has recommended voting against the reelection of certain board members, including those leading the audit and aerospace safety committees, due to their perceived failure in overseeing necessary safety improvements. Additionally, ISS has advised shareholders to reject the outgoing CEO Dave Calhoun's pay package, which saw a substantial increase despite the company's troubling safety record and operational challenges. This package includes a significant bonus that coincided with additional safety incidents, raising concerns about the misalignment between executive compensation and company performance.The dissatisfaction comes amid a backdrop of operational failures that have not only affected Boeing's share price, which has dropped significantly, but also raised potential for criminal prosecution due to violations of a deferred-prosecution agreement related to past crashes. These ongoing issues, coupled with a wave of executive retirements, including that of CEO Calhoun, suggest a tumultuous period for Boeing.Despite the likelihood that the board members and executive pay proposals will pass, a substantial number of dissenting votes would highlight the shaky confidence investors have in the current leadership's ability to turn around the company's fortunes and address its safety culture effectively. This climate of uncertainty could also impact Boeing's ability to attract a capable successor for Calhoun, as potential candidates may be deterred by the reputational risks and scrutinized compensation involved.Boeing Safety Woes Fuel Opposition to CEO's Pay, Board Make-Up Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

This Day in Legal History: WWI German Use of Chemical Weapons on Canadian TroopsOn April 24, 1915, during the Second Battle of Ypres in World War I, German forces launched one of the first large-scale chemical weapon attacks in history. This attack targeted Canadian troops stationed near the town of Ypres in Belgium. The Germans released chlorine gas, which spread over the Allied trenches, causing widespread injury and death. This marked a grim milestone in the use of modern chemical warfare. Initially unprepared for such a method of warfare, the Allies soon developed their own chemical weapons and retaliatory tactics. British and French forces began incorporating gas warfare into their strategies, leading to an escalation of chemical weapon use on all sides. The devastating effects of gas attacks during World War I highlighted the urgent need for regulation. Efforts to ban the use of chemical weapons gained momentum after the war. One significant advocate for such measures was the International Committee of the Red Cross, which pushed for international agreements to prohibit chemical warfare. Their advocacy was crucial in shaping public and political opinion on the issue.This advocacy culminated in the drafting of the Geneva Protocol in 1925. Formally known as the Protocol for the Prohibition of the Use in War of Asphyxiating, Poisonous or Other Gases, and of Bacteriological Methods of Warfare, this treaty marked a significant step forward in international law. Signed on June 17, 1925, the protocol was initially signed by 38 countries. The Protocol prohibited the use of asphyxiating, poisonous gases, and bacteriological methods of warfare in conflicts. Despite its limitations—such as not restricting the production, storage, or transfer of these weapons—it represented a key milestone in the efforts to control and eventually eliminate the use of chemical weapons in conflicts. This agreement laid the groundwork for later treaties that aimed to further control or eradicate weapons of mass destruction.Boeing Co. executives Dave Calhoun and Stan Deal are set to retire with substantial compensation packages totaling approximately $45 million, despite their tenure overlapping with significant manufacturing issues in the 737 series jets. This substantial payout is possible because they are retiring rather than being dismissed, allowing them to avoid the company's clawback policy which could have otherwise enabled Boeing to reclaim some of their earnings due to negligence or misconduct. Their strategic retirement comes at a time when Boeing is under heavy scrutiny following a safety incident involving a 737 Max 9, which led to a 32% drop in the company's share prices and raised serious quality concerns among stakeholders.In response to these quality issues, Boeing shareholders are expected to approve new compensation guidelines that tie executive pay more closely to safety and operational performance. This policy change follows a leadership reshuffle initiated two months after the incident, signaling a concerted effort to pivot towards stringent safety measures. The new policy is a shift from the previous model, where operational performance was less significantly weighted compared to financial metrics.The existing clawback policy at Boeing allows for the recovery of incentive-based compensation in cases of misconduct or negligence that impacts the company's product safety. However, this policy requires significant misconduct for activation, which has not been pursued in the case of Calhoun and Deal according to the latest reports.An element of law relevant here is the clawback provision under the Sarbanes-Oxley Act of 2002, enhanced by the Dodd-Frank Act of 2010. These laws were designed to improve corporate governance and accountability, especially in the wake of financial scandals. Under these regulations, public companies can reclaim executive compensation in the event of misconduct that leads to financial restatements or significant failures in corporate governance. This legislative framework is crucial for understanding how companies like Boeing create and enforce policies meant to ensure executive accountability, especially in situations impacting public safety and investor interests. Boeing Leaders' Windfall Predates New Safety Goals Tied to PayBoeing to face questions on potential CEO candidates, Spirit talks | ReutersThe U.S. Senate has passed a bill requiring ByteDance, the Chinese owner of TikTok, to divest its U.S. operations within nine months or face a nationwide ban. President Joe Biden intends to sign the bill, initiating a 270-day period for ByteDance to complete the sale, potentially extendable by 90 days. If no sale occurs by then, the fate of TikTok could depend on the incoming U.S. president after the January 2025 inauguration.Once the law is enacted, TikTok is expected to file a lawsuit challenging its constitutionality and seek a preliminary injunction to prevent the law's enforcement while the case is considered. This legal strategy mirrors TikTok's successful efforts in Montana, where it obtained an injunction against a state-level ban.If TikTok secures a preliminary injunction, the sale could be delayed, allowing TikTok to continue operating in the U.S. during the legal proceedings. This situation recalls previous attempts by the Trump administration to ban TikTok and WeChat, which were thwarted by legal challenges, leading to Biden rescinding those orders in 2021.The outcome of this legislation and TikTok's legal challenges could significantly impact its 170 million U.S. users, although no immediate changes to the app are expected until the divestment period concludes in early 2025.Regarding international considerations, the divestment of TikTok might require approval from the Chinese government due to export controls on certain technologies, including TikTok's recommendation algorithm.TikTok ban: What happens next after US Senate passed the bill? | ReutersThe Federal Trade Commission (FTC) has adopted a comprehensive ban on non-compete clauses, which are contractual agreements that limit employees' ability to switch jobs within their industry. This decision, prompted by an executive order from President Biden three years ago, aims to mitigate the restrictions that roughly 20% of U.S. workers face due to such clauses. FTC Chair Lina Khan highlighted that this rule is about protecting economic liberty and dismissed claims that the FTC lacks the authority to enforce such regulations.The new rule, passed with a 3-2 vote, will prohibit most new non-compete agreements, including those for senior executives. However, pre-existing agreements for high-earning executives in policymaking positions will remain unaffected. Lower-level employees' existing non-compete agreements will become void six months after the rule is implemented, potentially boosting U.S. earnings by over $400 billion in the next decade. This rule excludes employees of non-profits and franchises.The rule has significant support from labor organizations like AFL-CIO and the Service Employees International Union, as well as Democratic senators and attorneys general from various states. The public largely favors the ban, as evidenced by the overwhelming majority of supportive comments received during the FTC's consultation period.Opposition comes from business groups and some FTC members who argue that the rule is too broad and infringes on companies' rights to protect confidential information. Critics, including the U.S. Chamber of Commerce, argue that the FTC oversteps its regulatory bounds and threatens economic micromanagement. This has sparked promises of legal challenges against the rule's enforcement.The key debate here is over the FTC's rulemaking authority. This aspect is crucial because it underpins the entire legal challenge likely to follow. Opponents argue the FTC lacks the explicit congressional authorization needed to enact such broad economic regulations, a point of contention that echoes recent Supreme Court skepticism towards perceived agency overreach. This legal argument could significantly influence the rule's future and its impact on American labor markets.FTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms (2)U.S. bans noncompete agreements for nearly all jobsChangpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, is facing a proposed sentence of 36 months in prison after pleading guilty to charges related to money laundering violations. U.S. prosecutors have made this recommendation due to the severity of Zhao's infractions, emphasizing that his actions knowingly violated U.S. laws. Although federal guidelines suggest a maximum of 18 months for such offenses, the prosecution argues for a longer sentence given the case's circumstances.Zhao resigned as CEO of Binance in November following his and the company's admission of these violations, resulting in a staggering penalty of $4.32 billion for Binance. This penalty includes a $1.81 billion criminal fine and $2.51 billion in restitution. Additionally, Zhao has agreed to a personal fine of $50 million and to sever all ties with Binance, which he originally founded in 2017.Binance itself was found to have failed in reporting over 100,000 transactions suspected of being linked to terrorist groups such as Hamas, al Qaeda, and ISIS. Furthermore, the platform was implicated in facilitating the sale of child sexual abuse materials and processing a significant amount of ransomware payments.Zhao, who is out on a $175 million bond in the U.S., has consented to these penalties and has opted not to appeal any sentence up to 18 months. His sentencing is scheduled for April 30 in Seattle.US seeks 36 months' jail for Binance founder Zhao | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

米ボーイングの研究開発拠点「ボーイング・ジャパン・リサーチセンター」の開設式典で、テープカットする河村たかし名古屋市長、ボーイングのトッド・シトロンＣＴＯ、大村秀章愛知県知事ら、１８日午後、名古屋市米ボーイングは１８日、名古屋市に研究開発拠点「ボーイング・ジャパン・リサーチセンター」を開設した。 Boeing Co. on Thursday opened a research and development base in Nagoya, Aichi Prefecture, its first such facility in Japan.

This Day in Legal History: Slobodan Milosevic Trial BeginsOn this day in legal history, the trial of Slobodan Milosevic, a pivotal figure in the Balkan civil wars of the 1990s, commenced on February 12, 2002, at The Hague, The Netherlands. Held at the International Criminal Tribunal for the former Yugoslavia (ICTY), this landmark case marked a significant moment in international law. Milosevic, who once held the presidency of Yugoslavia, faced charges that were both grave and far-reaching. Indicted on sixty-six counts, the charges against him included war crimes, genocide, and crimes against humanity, reflecting the severe impact of the conflicts that tore through the Balkans. The trial itself became a focal point for global attention, symbolizing the international community's commitment to holding leaders accountable for their actions. However, the proceedings were abruptly halted by the untimely death of Milosevic due to a heart attack, leaving the case without a formal verdict. Despite its inconclusive end, the trial of Slobodan Milosevic remains a cornerstone in the pursuit of justice for victims of the Balkan wars and underscores the complexities of applying international law in cases of mass atrocities.Corporate boards are increasingly facing legal battles with activist investors due to the implementation of stringent advance-notice bylaws, designed to complicate the nomination of rival board members. These legal disputes, involving companies like Halliburton Co. and Peloton Interactive Inc., question the extent to which boards can enforce these bylaws to exclude activist nominees from shareholder ballots. The bylaws, seen as a reaction to regulatory changes and a Delaware Supreme Court ruling that lessened scrutiny of potentially disenfranchising measures, have been criticized for their potential to be "weaponized" against dissidents. Recent court cases, including a notable decision involving AIM Immunotech Inc., have resulted in mixed rulings, indicating a complex legal landscape ahead. These bylaws are challenged for various reasons, from their use to uncover conflicts of interest to allegations of being used to unfairly disqualify nominees. The legal community is divided on whether overreaching provisions should invalidate the entire set of bylaws or just be selectively struck down. The ongoing litigation reflects a broader struggle over the balance of power between corporate boards and shareholders, hinting at future legal developments that may redefine the rules of engagement for corporate governance.Activist Investors Confront ‘Weaponized' Board Nomination BylawsA U.S. judge has mandated that Elon Musk, CEO of Tesla and SpaceX and owner of the social media platform X (formerly Twitter), testify in the Securities and Exchange Commission's (SEC) investigation into his acquisition of Twitter for $44 billion. This order, issued by U.S. Magistrate Judge Laurel Beeler, follows Musk's refusal to attend a scheduled interview in September as part of the SEC's examination into his compliance with legal requirements during the takeover, specifically concerning the filings related to his Twitter stock purchases and the accuracy of his statements about the deal. Musk contested the SEC's request, claiming harassment and arguing that he had already been interviewed twice. However, Judge Beeler dismissed Musk's objections, affirming the SEC's right to subpoena him for information pertinent to their investigation. This legal development is part of a broader history of friction between Musk and the SEC, dating back to a 2018 lawsuit over Musk's tweets about potentially taking Tesla private.US judge orders Elon Musk to testify in SEC's Twitter probe | ReutersIn late 2023, law firms experienced a notable financial turnaround, buoyed by significant rate growth and an uptick in demand for countercyclical services, which thrive during economic downturns. According to the Thomson Reuters Law Firm Financial Index, which monitors key financial indicators across 173 large and midsize firms, there was a year-over-year increase in profits during the fourth quarter, contrasting with the declines observed in 2022. Specifically, the Am Law 100 firms saw a 6% rise in profits-per-equity partner, while Am Law 200 firms enjoyed a 2.5% increase, and midsize firms witnessed a marginal 0.3% uptick in profitability.This recovery, however, did not reach the double-digit profit growth rates of 2020 and 2021, marking a period of recalibration for the industry. Law firms demonstrated resilience by aggressively adjusting their rates and managing expenses, particularly those related to associate compensation. The overall demand for law firm services rose nearly 2%, driven by strong performance in litigation and bankruptcy sectors, which saw increases of 3% and over 6%, respectively. Labor and employment demand also went up by nearly 3%.However, lawyer productivity is on a downward trend, with average billing hours per month dropping to 115 in the fourth quarter of 2023, the lowest since at least 2005. This decline is attributed to the impact of technology and the use of alternative fee arrangements, which decouple hours worked from firm profitability. The industry faces challenges in boosting productivity amid stable demand and headcount, setting the stage for a volatile 2024 with continued staffing and technological risks.Law firms' profits rebounded in late 2023 amid robust rate growth | ReutersDan Webb, a prominent lawyer from Winston & Strawn who has defended Fox News and Boeing Co., is actively supporting the centrist political group No Labels in its effort to launch a third-party "unity" ticket that combines a Republican and a Democrat for the 2024 election. This initiative is driven by a desire to offer Americans an alternative to Joe Biden and Donald Trump, amidst criticism that it could inadvertently benefit Trump. Webb, who identifies as a moderate Republican and has a long history of involvement in politics, including serving as US attorney for Illinois' Northern District appointed by Ronald Reagan, is volunteering for No Labels. He has participated in strategy discussions and is helping to vet candidates for a potential nominating convention. Despite the potential for political backlash and amidst a broader context where law firms are wary of political entanglements, Webb is committed to the cause, citing the unpopularity of both Biden and Trump and the need for a new choice in leadership. No Labels has made progress in getting on the presidential ballot in 15 states, with decisions about a third-party candidacy to be made after Super Tuesday in March. However, the group's efforts have attracted lawsuits and criticism, with accusations of being a threat to democracy and engaging in a "bait and switch" with donors. Webb's involvement exemplifies his lifelong interest in politics and represents a significant move in the current polarized political landscape.Trump, Biden Alternative Urged by Lawyer for Fox News and Boeing Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

On today's podcast: 1) A hard-fought bipartisan deal to impose new US border restrictions and unlock Ukraine war aid is on the brink of collapsing in the Senate, where Republican support crumbled in the face of opposition from GOP presidential front-runner Donald Trump. 2) UBS Group AG will buy back up to $1 billion in shares this year, as the bank seeks to keep investors focused on the upside of its complex integration of Credit Suisse. 3) Boeing Co. executives have spent the past month grappling with the aftermath of a near-catastrophe on an airborne 737 Max jet. As the US planemaker works through its latest crisis tied to manufacturing lapses, a new risk looms: a labor rift 10 years in the making.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Tesla Inc. shares plunged after Elon Musk's pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year. The company spent all of 2023 cutting prices to boost sales, which ate into profits. 2) Boeing Co. faces a commercial setback after the US Federal Aviation Administration froze planned production increases for its 737 Max aircraft, a move that interrupts the planemaker's growth ambitions at a time of surging demand and intensifying competition with Airbus SE. 3) Two days after his decisive victory in the New Hampshire primary, Donald Trump is set to take the witness stand in New York to rebut defamation claims by writer E. Jean Carroll — testing his ability to sway a federal jury and a judge he's already clashed with.See omnystudio.com/listener for privacy information.

My guest today is Joan Burge, 4x best selling author, professional speaker, consultant, and corporate trainer who is known as the pioneer of the administrative training industry starting her Business in 1990. She's also the survivor/thriver of more adversity than seems possible for a person in one lifetime and I know you'll love her perspective on time and life!   This Episode is for you if: → You want to find out how to be an influential assistant → You're ready for a fresh perspective on what's possible for you & your career → You're ready to learn from someone who's been knocked down by life more times than seems possible, but is not done yet and is here to share their philosophy on life and time!   “I'm not done yet.” Joan Burge   In this episode we also talk about: Joan's evolving relationship with time over the years Lessons from her father-in-laws shock death in his late 60's Work hard - Play Hard: Enjoy life now not waiting Lessons from her husbands Pancreatic Cancer age 57 In one day your entire life can change, you can do all the right things & still get sick It's ok if SuperWoman is missing in action, the art of delegation Joan's own near death experience in 2014 with a rare brain tumour  Surviving open Heart Surgery in 2015 A new perspective & respect for time Making the most of every day Daily quiet time, to recharge and reset your energy The time I take for myself is an investment in me Give yourself permission to live a big life, Joan's 5 pillars of life Energy Management - Getting into flow to increase productivity Influencing your own schedule Identify what drains your energy and eliminate it from your life Information & decision fatigue The art of using your PA & delegation Prioritising your life pillars and self awareness Conference: Shaping strategy steering success Building influence - nurturing the relationships you have FOCUS in moments to increase your Productivity Joan Burge's 8 Top Tips for a Productive Life And so much more I can't wait to hear what you take away from this episode. Connect with me on Linkedin or Instagram so that we can continue the conversation there!  ⏰ It's your Time!   Show Notes Links: The Conference for Administrative Excellence: https://officedynamicsconference.com/ Office Dynamics International: https://officedynamics.com/ Joan's Monday Motivator Newsletter: https://officedynamics.com/monday-motivators/  Free Webinars from Joan: https://officedynamics.com/webinars/ Joan Burge's Social Media Links: Joan's LinkedIn: https://www.linkedin.com/in/joanburge/   About Joan Burge: Founder & CEO of Office Dynamics International | 4x Best Selling Author | Professional Speaker | Consultant | Corporate Trainer Joan started Office Dynamics International in 1990, a global industry leading Organisation that offers a broad range of high-performance, world-class training and coaching solutions for sophisticated executive and administrative assistants worldwide. In 1990 when Joan started this business it served an untapped niche. In the early days to get the training to their clients they had to overcome monumental obstacles involving corporations' and managers' attitudes, prejudices, and stereotypes about executive assistants and administrative professionals.  Joan dedicated herself to inspiring excellence, championing and encouraging administrative professionals to reach for the stars! Joan's never-ending quest to provide top-notch educational programs has earned the respect of premier clients like Cisco Systems, Battelle, Huntington Bank, AT&T, Kindred Healthcare, The Boeing Co., Humana Inc., Sunoco, Nokia, Procter & Gamble, and Nationwide Insurance. Joan is the creator and host of the Annual Conference for Administrative Excellence™ (started in 1993), her highly-acclaimed Star Achievement Series® course, the World Class Assistant™ Certification course, and more than 100 customised workshops and seminars for executive and administrative assistants. Joan has produced more than 150 educational videos for assistants. Joan has authored four groundbreaking books for administrative professionals: Amazon Best Seller Who Took My Pen …Again?  Secrets from Dynamic Executive Assistants Become an Inner Circle Assistant  Underneath It All  She is a member of the American Society for Training & Development, the National Speakers Association Las Vegas Chapter, and the Society for Human Resource Management. Office Dynamics International's Social Media Links: LinkedIn: https://www.linkedin.com/company/office-dynamics-international/ YouTube: https://www.youtube.com/@OfficeDynamicsIntl Instagram: https://www.instagram.com/officedynamics/ Facebook: https://www.facebook.com/OfficeDynamics/ Facebook Group (The Assistant Exchange): https://www.facebook.com/groups/officedynamics  ……………………….. Success by Design Training Links: ⏰ Time Management for Entrepreneurs & Professionals → Download a free chapter: https://bit.ly/downloadfreechapternow → Buy it here: https://bit.ly/BUYYOURCOPY → Buy it on Amazon (Available Worldwide) Social Media Links: Linkedin: https://www.linkedin.com/in/abigailrbarnes Instagram: https://www.instagram.com/successbydesigntraining Instagram: https://www.instagram.com/thetimemanagementpodcast Facebook: https://www.facebook.com/successbdtraining Twitter: https://twitter.com/sbdtraining YouTube: https://www.youtube.com/@successbydesigntraining ……………………….. About Abigail Barnes: Abigail Barnes is the founder & CEO of Success by Design Training, an award-winning entrepreneur, author, speaker, and corporate trainer on time management and productive wellbeing. She is a qualified coach and creator of the renowned 888 Formula and host of the Time Management Podcast In February 2012 at the age of 32 Abigail had a stroke on a work business trip to Boston USA. This was her wakeup call; time is precious and we don't have any to waste! Her Organisation Success by Design Training is on a mission to teach 1 million people by 2025 how to Become the Productive Professional using The 888 Formula.  Abigail understands human motivation and uses her own near-death experience as a catalyst for change, to inspire, empower and teach others how to maximise their time. She holds a BA Hons Degree in Business & Marketing Management, a Professional Postgraduate Diploma in Marketing, DipM ACIM, a certificate in Neuroscience Professional Development, approved by British Psychological Society and is a qualified coach, approved by the Association for Coaching and the Institute of Leadership & Management, Portsmouth University Business School. Website: www.successbydesigntraining.com Email: enquiries@successbydesigntraining.com Audio Credit: Keith Hare ……………………….. Abigail Barnes Social Media Links: Instagram: instagram.com/iamabigailbarnes YouTube: https://www.youtube.com/@iamabigailbarnes Tik Tok: https://www.tiktok.com/@iamabigailbarnes

On today's podcast: 1) Investigators probing the fuselage blowout on a Boeing Co. 737 Max 9 on Jan. 5 determined that the door plug moved upward before ejecting and that fittings holding the part in place came loose, as the two US carriers operating the now-grounded aircraft said their own maintenance checks uncovered loose bolts on the parked jets. 2) Donald Trump's lawyers will spar with federal prosecutors Tuesday in a high-stakes court battle to determine if he is immune from charges of trying to overturn the 2020 election because he was president at the time. 3) US lawmakers demanded answers from the Pentagon after Defense Secretary Lloyd Austin failed to notify the White House about his hospitalization for four days, saying they weren't satisfied with the explanation for his absence. 4) The White House's “work is not done” when it comes to lowering prices for American consumers according to the president's top economic advisor, Lael Brainard. That's despite the recent slowing of inflation that has seen the headline consumer price index fall to 0.1% in November. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the investigation into the door panel blowout on a Boeing seven thirty seven Max nine. Bloomberg's John Tucker is here with the latest, John and Nathan. More and more of the focus is turning to bolts and whether they were properly tightened, as the NTSB tries to find answers to how that unused door panel blew off that Alaska Airlines Boeing seven thirty seven Max nine over Portland. Another airline says it's found loose bolts. United confirms it found loose bolts after inspecting identical door plugs as the one that blew out on the Alaska plane. NTSB chairman Jennifer Hamendi, we are aware of the reports of that are coming back from the inspections from United and Alaska and Boeing. Our team is collecting that information and there will be some follow up from the inspections. It's unclear how many loose polts were found. The NTSB may now broaden the probe into other Max nine jets beyond the Alaska Airlines model on which the accident occurred. It intensified scrutiny of the manufacturing process at Bowling and its key supplier, Spirit Aerosystems, which makes the fuselage for the seven thirty seven Max. I'm John Tucker, Bloomberg Radio. All right, John, Thanks well. Another major story that we're following this morning involves a high stakes court hearing in Washington, d C. Lawyers for Donald Trumpell's spar with federal prosecutors over whether the former president is immuniform charges of trying to overturn the twenty twenty election results. Bloomberg's Amy Morris has more from Washington. Oral arguments are set for today before a three judge panel with the US Court of Appeals for the d C Circuit over whether Donald Trump is shielded from prosecution for his actions before and during the January sixth riot at the US Capitol. Now Trump said on social media he planned to attend, but he is not expected to address the court. The judges could hand down their ruling at any time after the hearing, and a ruling in favor of Trump could be a fatal blow to the Justice Department's efforts to try him. While either side has the right to appeal. Neither the full DC Court nor the US Supreme Court are required to take the case, so this Court's ruling could be the final word in Washington. Amy Morris Bloomberg Radio, Okay, Amy, thank you will staying in Washington. Bipartisan anger is building against Defense Secretary Lloyd Austin. We get that story from Bloomberg's Dan Schwartzman. Politicians on both sides of the isle are demanding answers as to why Defense Secretary Lloyd Austin failed to let anyone know he was hospitalized on New Year's Day. The retired general didn't even let the White House know he was at Walter Reed Medical Center for four days, depending on a day after that. Austin was hospitalized, but did not tell the White House, Congress, or even the deputy Defense Secretary for several days. Republican Senator Susan Collins Remaine says it's quote inexplicable that the Secretary's condition remains shrouded in secrecy, while Massachusetts Democrat Seth Mulden says this astounding that the president in Austin's own deputy did know he was in the hospital. According to White House spokesman John Kirkby President Biden has no plans to replace Austin. Dan Schwartzman Bloomberg Radio. All right, Dan, thanks now to the latest developments in the Middle East. Secretary of State Anthony Blncoln says, who the militants will face consequences if they continue to attack ships in the Red Sea, he told reporters, and more violence will be detrimental for the region. It's clearly not in the interest of anyone Israel Lebanon Hasbola for that matter, to see to see this escalator and to see an actual conflict, and the Israelis have been very clear with us that they want to find a diplomatic way for it. Secretary of State Anthony Blincn meets with Israel's leader Benjamin and Yahoo later today. Let's turn back to markets now, Karen, As you mentioned, futures are lower following yesterday's rally on Wall Street that saw the Nasdaq surge more than two percent. In Asia, the knee Can in Japan closed at its highest level in thirty four years. Me and mole Nathan. Former bond king Bill Gross is signaling he is now steering clear of treasuries in a post on x gros said ten year treasury yields at four percent are overvalued. Gross made millions late last year after a big bet the Fed would pivot toward interest rate cuts for twenty twenty four. Well Karen, the President's top economic advisor, says the White House's work is not done when it comes to lowering prices for American consumers. Lyyle Brainerd spoke with Joe Wisenthal and Tracy Alloway on the Bloomberg Godlots podcast. Some prices have not come down, and we're fighting pretty hard to get those prices to come down. One area that really is difficult for Americans is healthcare. White House Economic advisor Lyle Brainerd ads the administration will use its position to continue calling out corporations who aren't passing along cost savings to consumers. For the full conversation, download the latest edition of Bloomberg Odd Lots that's available everywhere you get your podcasts. And Shares of Nvidia closed at a record high. The company's chip technology dominates in data centers used to create artificial intelligence software where now in Nvidia's announced new products to help the personal computer industry lower consumers with AIPCS. Another chip maker in the spotlight this morning, Nathan Samsung Electronics has posted at six straight quarter of declining operating profit. The results underscore how demand for smartphones and the memory chips remained sluggish given economic uncertainty, and shares of Match are up more than eight percent in early trading. That says The Wall Street Journal reports Elliott Investment Management has built a stake of about a billion dollars in the dating app company. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. Homeland Security Secretary Alejandro Orcis was an eagle pass taxes to meet with elected leaders and border patrol agents at the southern US border. Now, he says it's too early to tell if the significant drop in border crossings over the past week is related to the holiday season or stepped up enforcement operationations in Mexico. Our immigration system is outdated and broken and has been in need of reform for literally decades. On this, everyone agrees. Arizona Senator Kirsten Cinema, an independent who has been central in negotiations, says She's not sure whether text is going to be available, but she hopes there will be something to present this week. House Republicans are pushing to impeach may orc As Senate Republicans want him to help cut a border security deal. President Biden meanwhile moving to win back black voters. Bloomberg's Nancy Lyons has more on his trip to South Carolina. President Biden delivered remarks at Mother Emmanuel Ame Church in Charleston, South Carolina, where white supremacist killed nine people in twenty fifteen. Biden says, our country must deal with racism. It is a poison throughout our history. Driptest nation apart, says no place in America, not today tomorrow. Ever, Biden's favorability among black voters in seven swing states has slipped so seven percentage points since October to sixty one percent in December. That's according to a Bloomberg News Morning Consult poll in Washington. Nancy Lyons Bloomberg Radio. Now. Former President Trump wants his supporters to give him a definitive win in Iowa, even with a commanding, leaving the polls with less than a week before the caucuses. Trumps stressed turnout the people of this state are going to cast the most important vote of your entire lives. I believe that too very much. I used to say that twenty sixteen, and I believed it then, and now I believe this is even much more important. The Trump campaign believes a decisive Iowa victory would put pressure on his GOP rivals to drop out. Florida Governor Ron DeSantis and former South Carolina Governor Nikki Haley have failed to gain much significant ground in the Iowa polls against Trump. Next up New Hampshire January twenty third. That's where Nicki Haley has been gaining more momentum while still trailing Trump. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I Mamy Morris and this is Bloomberg Karen righting me. Thank you. We to bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app Bloomberg dot Com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karn. The Michigan Wolverines national champions in college footwall in Houston. They beat Washington thirty four to thirteen. It was a quick start for Michigan. First two possessions were both Donovan Edwards touchdown runs. They covered forty one and forty three yards. Michigan didn't get into the end zone again until the fourth quarter. Blake Korum scored capping a seventy one yard drive, and later Quorum scored again, coming after Mike Stanisil's eighty one yard interception return. Washington star quarterback Michael Pennix junior twenty seven of fifty one, did have two interceptions. Mission goes fifteen to zero, wins the national title for the first time since nineteen ninety seven, and the question now is if Jim Harbar returns as coach or heads back to the NFL. The Washington Commanders looking for a new coach after they had the second worst record in the NFL. They've got new ownership and Ron Rivera fired after four years on the job. Carolina Panthers already knew they were looking for a new coach now at GM as well as the Panthers fired to the manager Scott Fitterer. Celtics got forty points from Jalen Brown, but lost at Indiana one thirty three to one thirty one. The Pacers lost their star player Tyrese Haliburton a hamstring injury. He's headed for an MRI. John Moran is headed for a season ending shoulder surgery. Memphisis star guard was suspended for the first twenty five games of the season and ends up only playing nine games on the year. Wizard's thirtieth loss to the year beaten by Oklahoma City one thirty six to one twenty eight. The Bruins lost at Colorado four to three in a shootout. John Stash Edward Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius, Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager Boeing is working to get at seven thirty seven Max nine Jets back in the air after the FAA ordered them temporarily grounded following last week's door panel blowout. But the investigation into the cash cow for Boeing is finding more installation issues maybe than just the ones on that Alaska Airlines flight. For more, we're joined now by Bloomberg News Global Aviation head Benedict Campbell. Thanks for being here, Benedict. Get us caught up on the investigation so far. Good morning. So we heard from the NTSB again yesterday, the holding daily press briefings to give the latest update. And what we heard yesterday is that indeed they are still focused on this particular Alaska aircraft, but they've said that they might well be looking more deeply at other aircraft broadly, more broadly than just the seven three seven Max nine. Right now, the focus remains very much on that door panel, on that plug as they call it, that came flying out, and they're trying to determine what exactly caused that component to come loose. One thing that they did say was they are focused intensely on the bolts that are sort of a fixing that particular component. And speaking of bolts, we have heard from United Air and from Alaska that they've found some loose bolts on their aircraft, so obviously that's sort of the area around which the investigation is focused right now. How unusual is it to see these signs of improper tightening on an aircraft like this? Is this part of the reason why we're getting these suggestions that the investigation could go beyond the Max nine Absolutely, and this is obviously something you don't want to find on an aircraft. Is something that they have found, not just in this case, but also in previous sort of investigations where they looked at improper manufacturing. We had a misaligned drilling holes on some seven three sevens last year. Then we had some loose bolts in another part of a plane. So these defects appear to come up again and again. And you have to remember the Max, the seven three seven Max has a very sort of fragile reputation after these two crashes that happened almost five years ago. A lot of people still somewhat squeamish about that aircraft and an Abbus not Abbus Boeing have managed to repair that reputation, but somewhat fragilely. And the question now is will that pull them back into a hole. How can they emerge from that? Those are a lot of things they're trying to work through right now. Yeah, it raises the question about whether Boeing could be running into a crisis of confidence with flyers. Is that the concern for Boeing? That is very much the concern. I mean, we've seen the crisis of confidence on the side of the investors. If you look at what happened with the stock yesterday took a deep tumble. Spirit Aerosystems, that's the company that makes the fuselage for the seven three seven is by An is by far Boeing's most important supplier. They also dropped quite sharply yesterday. So there is a real crisis and confidence For the time being, it's the focus is very much sort of on the investor side, on the financial side. But if this spreads into a bigger crisis, say the flyers, the flying public, and then the customers ultimately, that will obviously be something very hard for Boeing to get back from. This had been the year, or supposed to be the year of the great comeback of Boeing. They've they've had a couple of difficult years, as I said, but they'd managed to get their manufacturing back in order, the orders and deliveries are back. They'd planned to really increase the output rate of the seven three seven. All of these things were sort of what lay ahead for them for this year, and right now it looks as if things will certainly low down for them quite a bit. The FAA, which is the regulator in the US, they're saying, not so fast. We want to make sure this plane is ready to fly again before we can unground it, and Boeing has to sort of comply with that. Is this something that could put the relationship between Boeing and Spirit Aerosystems in jeopardy? I mean, where could the blame potentially lie for this? Got about a minute left. It's a difficult relationship that these two companies have. Spirit used to be part of Boeing. Then it will spun out, but they're still very much sort of entwined and then locked in a slightly unhappy marriage here. They obviously Boeing needs to have very close quality controls at Spirit to make sure that the products that get shipped over to Boeing meet their standards, and that's something that hasn't always been the case in the past. So Boeing really needs to tighten the screws, as it were, on Spirit and make sure that they have the right people there, they have the right controls. There's new management at that company. Ultimately the buck stops with Boeing. They need to have the final sign off on the plane. You can blame Spirit and point your finger as much as you want at them, but the plane is ultimately sold by Boeing, so they need to make sure that the network is up to snuff. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the new you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) US air-safety officials retrieved the fuselage panel that blew off during an Alaska Airlines flight on Jan. 5, as authorities begin piecing together evidence to learn what led to the sudden decompression on the almost-new Boeing Co. 737 Max 9 aircraft. 2) US congressional leaders announced a deal on a top-line spending level for the current fiscal year, lessening the chances of a partial government shutdown on Jan. 20. 3) The Pentagon's failure to notify President Joe Biden that his defense secretary had been hospitalized for four days was the result of a series of errors, including confusion over Lloyd Austin's wishes and his chief of staff falling ill, people familiar with the matter said. 4) United Launch Alliance's long-awaited Vulcan rocket lifted off on Monday, heralding a new era for the longtime Pentagon contractor fighting to expand market share against Elon Musk's SpaceX. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments involving Boeing after disaster was narrowly averted on an Alaska Airlines flight on Friday. Boring stock right now is down more than eight percent, and we get more from Bloomberg's John Tucker, John and Nathan. The airlines around the globe have been grounding Boeing seven thirty seven Max nine half to a fuselage section on a brand new Alaska Airlines jet blew out during a flight on Friday. This is a door panel that can be sealed or used for access, depending on the configuration. Only luck prevented a more disastrous outcome. The National Transportation Safety Board cheer Jennifer Homandi says Alaska Airlines pilots did report pressurization warning lights on three earlier flights of the two month old plane in question. The auto pressurization fail light that did illuminate in three previous flights, one on December seventh, one on January third, and one on January fourth. A schoolteacher in Portland found the missing fuselage door plug in his backyard. The door plug that blew out was next to seats twenty six A and twenty six P, and just by chance, there was nobody sitting there. The plane did carry one hundred and seventy one passengers, a valuable data usually collected by the so called black box that was a raised Boeing suppliers. Spirit Aerosystems Holdings was the company that installed the planel on the nearly new jet. John Tucker Bloomberg Radio, all right, John, thank you well be now when to turn to the latest developments in the Middle East. Secretary of State Anthony Blincoln is in the region for a fourth time since the Israeli Hamas war broke out. Lincoln is warning the war could quote easily become a wider conflict. He spoke during a news conference in Doha. This is a conflict that could easily a tastasize, causing even more insecurity, more suffering and Secretary of State blank And met with Jordan's Kingdomdullah on Sunday, a day after stops in Turkey and Greece. Well back here in the US here, and the risk of a government shutdown on January twentieth has eased somewhat with word of a deal on spending caps. Bloomberg's Amy Morris has details from Washington. Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson negotiated the bipartisan deal, which caps spending at one point five to nine trillion dollars. Republicans have agreed to a set of budget moves to spare immediate cuts to domestic agency budgets. The deal does not include an agreement to block all conservative policy writers, so there still may be debates over defunding investigations into former President Trump, and while that might cause an impass later, for now, lawmakers have the framework they need to avoid a government shut down this month. The next deadline is February second. In Washington, Amy Morris, Bloomberg Radio, all right, Amy, thank you now. The latest on the health of Lloyd Austin. Bloomberg News has learned the Pentagon's failure to notify prison and in bid and that his Defense secretary had been hospitalized for four days, was the result of a series of errors. They include confusion over Austin's wishes and his chief of staff, Falling Hill from a Republican Congressoman list. Cheney is looking for answers I think they've got some very serious explaining to do. I think that there's a real difference between public transparency and you know, alerting the commander in chief to the fact that Secretary of Defense is in the hospital. Apparently the deputy Secretary was on vacation in Puerto Rico. I think it's inexplicable. We need to know more about exactly what happened there. But that's not the way the Pentagon ought to be conducting business. And that's former Congressome and liszt Cheney. On Saturday, Secretary Austin apologized for failing to inform the public for days, while saying he's on the mend and expects to return to the Pentagon soon. Let's turn to Wall Street now, Karen Bank earnings and the possible Bitcoin ETF will be front and center this week. More from Bloomberg's Charlie Pellett. Friday, we hear from JP Morgan, Chase, City Group, Bank of America, Anne Wells Fargo. Early earnings reports come amid questions about the path of inflation and FED interest rate POTLESE. Cameron Dawson is chief investment officer at New Edge Wealth. The thing that's the biggest challenge for US for earning sestaments in twenty four is the expectation that topline growth will re accelerate in a year where nominal growth because of inflation is expected to decelerate. Also this week, the Securities and Exchange Commission will decide whether to approve an exchange traded fund tied directly to the world's largest cryptocurrency in New York, Charlie Bloomberg Radio, All right, Charlie. Thanks. In company news, Bloomberg News has learned MRK is in advanced talks to acquire cancer drugmaker Harpoon Therapeutics. The price tag about seven hundred million dollars. San Francisco based Harpoon is developing drugs that harness the body's immune system to fight cancer. Shares of Harpoon are up about one hundred percent well. Also, while following Apple Care, which has fallen almost six percent to kick off the new year, Jeffries says Apple's iPhone sales slump in China is deepening and the companies likely to see volumes decline further this year. Apple saw a double digit falled volumes in December. Jeffries forecast a similar decline for twenty twenty four. Checking shares of Apple right now they are a little changed to the downside. And on the economic front, Nathan, inflation will be the focus for our investors. Bloomberg's Any del Judaice has more the Labor Department issues the Consumer Price Index Thursday and the Producer Price Index Friday, both covered December. Rising gasoline prices could have an impact on the household data, says Bloomberg Economics. Looking further out, Bloomberg economics 's US inflation continuing to run above the federal reserves two percent target this year, even with all the raid hikes. Vinny del Judice, Bloomberg Radio, Nathan, thank you. It's time for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris, Sammy, Good morning, Good morning, Karen. Ukraine suffered a second large scale Russian missile barrage this year as temperatures dropped below freezing in the latest escalation of aerial attacks. Now, this barrage killed one woman and left at least thirty more people wounded. After months of relatively few air strikes, Russia is ramping up bombardment just before the new year, firing hundreds of missiles at cities across Ukraine, including the capital. Meanwhile, Ukraine has been targeting bases and occupied Crimea, with the Air Force saying over the weekend that it destroyed our Russian command post there. Meanwhile, President Joe Biden is set to visit Charleston, South Carolina, today, including a stop at Mother Emmanuel Ame Church, where back in twenty fifteen, nine church goers were shot and killed by a self proclaimed white supremacist. Charlotte City Councilman Malcolm Graham is the brother of one of those victims. Cynthia Graham heard and tells ABC News that when the President visits local black history points of interest, he's sending us strong message of visiting sites like the new Historic African American Museum, he makes a point that history matters, that black history matters. It just not just occurs in the month of February, that black history is also American history. Biden, meanwhile working to shore up support among black voters and Nicki Haley's home state as the Republican governor of former governor of South Carolina, is rising in the polls. Texas Republican Congressman Tony Gonzalez reflected on the third anniversary of the January sixth attack on the Capitol and stands by his labeling of the mob as domestic terrorists, refusing to accept former President trump statements made on the writers describing them as heroes and hostages. They're certainly not heroes. You know. They broke the law, and we have to obey our laws. We are a nation of laws, and they have to obey the laws. Representative Gonzales tells ABC's This Week he does not support Donald Trump's proposed plan to pardon those convicted for their actions that day. Hospitals across the country are telling people mask up flu and COVID nineteen cases are once again on the rise. The viruses have actually been on the incline for the past few weeks. Health officials are predicting infections will increase even more throughout this month. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now. I'm Amy Morris and this is Bloomberg Karen Hurry, Amy, thank you. We do bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update, here's John stash Hour John Karen. The NFL regular season is over. The playoffs begin on Saturday with a late afternoon game between the Cleveland Browns and the Houston Texans. A team that won only eleven games over the previous three seasons won ten this year, and the Texans won the AFC South when Jacksonville lost its game yesterday at Tennessee twenty eight to twenty. Saturday night, it'll be Miami at Kansas City. The Dolphins blew a lead in the AFC East and last night's lost to Buffalo twenty one to fourteen cost the Dolphins the AFC East, so they're a wildcard and they'll take on the Chiefs Sunday at one Eastern Pittsburgh in Buffalo. Then it's Green Bay at Dallas. The Packers gaining a wildcard spot with a seventeen to nine win over Chicago. The Cowboys won the NFC East. They blew out Washington yesterday thirty eight to ten. Sunday night, it'll be the Rams in Detroit, so Matthew Stafford will face his former team in the wildcard weekend will conclude next Monday night. Slumping Philadelphia at Tampa Bay, Eagles have been a train wreck down the stretch of the season, losing five to the last six. They were beaten by the Giants yesterday twenty seven to ten. The Bucks won the NFC South with a nine to nothing win over Carolina Atlanta Falcons of fired coach Arthur Smith. Will the Patriots part ways with Bill Belichick after twenty five years as coach there? We should find out soon. Michigan and Washington played tonight in the Houston for the National Championship, both teams fourteen and er. Although the Huskies haven't won a game by more than ten points since September, the Wolverines are the famous from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam. The Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Airlines around the world are starting to ground their Boeing seven thirty seven Max nine jets after part of the fuselage blew out on a brand new model operated by Alaska Airlines last Friday. It is another blow to Boeing's turnaround efforts after two deadly seven thirty seven Max crashes nearly five years ago. From More, we were joined by Bloomberg News. Aviations are Anthony Palazzo. Anthony, what more do we know about why this mishap happened and where the investigation stands? Hi Nathan, thanks for having me. Yeah, So, we had two developments late late yesterday. One is that the investigators have found the door panel that fell out of the plane. This is a key piece of evidence and they're going to be looking very closely at the condition of that panel to understand why it popped out of the fuselage section. The panel was found in the backyard of a Portland area school teacher. So what could that panel tell us about how this happened? Well, well, what they've what they've said so far is that they've looked at they've looked at the tabs that hold that panel in from the interier of the plane, which was largely undamaged, and that they didn't find a whole lot of They didn't find, you know, a problem there. So they're gonna so they're going to need to keep going to understand exactly how this came off. Those those panels are screwed in with four bolts. They're not in use, although they can be opened from the outside of the plane. Those are essentially openings that are built for an emergency door. But a lot of the a lot of the airlines that use this aircraft, it's a stretched Boeing seven point thirty seven Max Jet, a lot of the airlines don't use those exit doors because they're not needed for the seat configurations that they need. So this is putting more scrutiny on the manufacturing process at Boeing, particularly around the seven thirty seven Max. Is there something particular about the Max nine that could have caused a problem like this as opposed to the seven thirty seven Maxes that were involved in those crashes that we all remember just a few years ago. Yes, well, the well, the the Max nine is a stretched version of the of the core Boeing Max plane, which is called the Max eight. So it's a it's a bit longer, and it can seat more people. But because it can seat more people in its in its most densely packed configurations, it requires more additional safety exits. So a lot of a lot of the low cost carriers that would use that plane would would want to put in more seats and therefore more more emergency exits most carriers. So now the Max eight does not have that that kind of a kind of configuration, doesn't have those exits and doesn't need them. The way that Boeing has done it is that they put in the essentially modular cutouts into the frame so they can make all the fuselages the same, and then when they finish the aircraft they can decide, you know, with the customer whether or not to install those doors or to install plugs in those holes. So now that's the difference. Yeah, right, And now we have a couple of hundred of these seven thirty seven Max nines getting taken out of service, these low cost carriers including Alaska and United grounding these jets. How big a blow potentially could this be for Boeing When it's been trying to put a turnaround plan into place. Well, it's a real setback, you know. The extent to how deep or how long term it ends up being that's all yet to be determined. But certainly investors are selling down the stock. This morning we sell that shares go down about eight point three percent in pre market trading. Their supplier is Spirit Aero Systems, that is a former Boeing unit that makes the fuselage and they they're down about sixteen percent. I think there's been there's been a lot of there's been a lot of speculation about the relationship between Boeing and Spirit and how wise it was to separate the two companies. You know, Spirit's been responsible for a couple of the real supplier glitches that have held that production at Boeing, and they've been weakened financially. Boeing had to reduce some contracts with Spirit, they had to infuse some money into it. So this may be something that that Boeing recon suitors in the longer term. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed. At six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, December 22nd, 2022. Before we get to the news today… a programming reminder, the wives show will take place this Friday! So stay tuned, it’s a fun one. You guys know Christmas is a coming right? Maybe you should get someone you love a Fight Laugh Feast Club Membership! Club Membership Plug: Its Christmas, join our club. During December, the first 75 people to upgrade or join our Gold or Platinum club membership will get our 32OZ Kodiak Christmas water bottle and a free subscription to our Fight Laugh Feast Magazine. By joining the Fight Laugh Feast Army, not only will you be aiding in our fight to take down secular & legacy media; but you’ll also get access to content placed in our Club Portal, such as past shows, all of our conference talks, and EXCLUSIVE content for club members that you won’t be able to find anywhere else. Lastly, you’ll also get discounts for our conferences… We don’t have the big money of woke media, and so our club members are crucial in this fight. So, join the movement, join our army, and you can sign up now at fightlaughfeast.com. https://www.foxnews.com/politics/biden-admin-asks-supreme-court-end-title-42-short-delay-lifting-restrictions Biden admin asks Supreme Court to end Title 42, but with short delay on lifting restrictions The Biden administration on Tuesday asked the U.S. Supreme Court to let the pandemic-era policy Title 42 come to end, but requested a brief delay until at least after Christmas. In a filing on Tuesday, the administration acknowledged to the Supreme Court that the end of Title 42 will likely lead to "disruption and a temporary increase in unlawful border crossings" but asked the court to reject efforts by a group of conservative-leaning states to keep Title 42 in place. Migrants have been denied requests to seek asylum under U.S. and international law 2.5 million times since March 2020 on grounds of preventing the spread of COVID-19 under a public-health rule called Title 42. https://www.foxnews.com/politics/texas-gov-abbott-polar-vortex-threatens-migrants-bidens-border-disaster Texas Gov. Abbott warns polar vortex threatens migrants due to Biden’s border ‘disaster’ Texas Gov. Greg Abbott told President Joe Biden on Tuesday that his "disaster" immigration policy is putting lives at risk as a polar vortex expected this week will create bitter conditions for the thousands of illegal immigrants who continue to trek into the U.S. "With cold temperatures gripping Texas, your inaction to secure the southern border is putting the lives of migrants at risk, particularly in the City of El Paso," the Republican governor told Biden in a letter. "Your policies will leave many people in the bitter, dangerous cold as a polar vortex moves into Texas." "This terrible crisis for border communities in Texas is a catastrophe of your own making," Abbott wrote. The governor said Biden has failed in his constitutional duty to protect the border, which disproportionately impacts Texas. Abbott warned that the situation would only get worse if the Title 42 policy ends this week. That pandemic-era policy allows border agents to turn migrants away at the border, and ending it could lead to a surge of migrants at the southern border just as Texas faces some of its coldest temperatures. The Title 42 policy was set to expire Wednesday, but an appeal is being heard by the Supreme Court, which could decide as early as Tuesday evening. The Department of Homeland Security projects between 9,000 and 15,000 migrant encounters a day once the policy ends, which would add to the already highest annual total of encounters in U.S. history. White House press secretary Karine Jean-Pierre insisted an end to Title 42 would not mean the border is open. To suggest so, she said, is misinformation and "doing the work of these smugglers." Vice President Kamala Harris, who was tasked with identifying the root cause of mass migration to the southern border, has insisted in recent months that the border is secure. Abbott said he would continue to work with state-based officials to stem the tide of illegal immigration. https://www.foxnews.com/politics/white-house-confirms-zelenskyys-travel-us-ahead-massive-bill-funding-ukrainian-military White House confirms Zelenskyy's travel to US ahead of massive bill funding Ukrainian military The Biden administration confirmed early Wednesday morning Ukrainian President Volodymyr Zelenskyy is on his way to the U.S. to discuss more assistance for the country during its ongoing conflict with Russia. In addition to meeting with President Biden, Zelenskyy is slated to address Congress Wednesday afternoon as lawmakers plan to shell out more money for Ukraine in its latest $1.7 trillion spending bill. The budget includes more than $45 billion in new military and humanitarian aid for his country. A press statement from the Biden admin Wednesday morning said Zelenskyy's address to a joint meeting of Congress will demonstrate the "strong, bipartisan support for Ukraine." In its official statement, the White House added President Biden has been rallying the world to support Ukraine since the Russian invasion in February. "Three hundred days ago, Russia launched a brutal assault against Ukraine. In response, President Biden rallied the world to support the people of Ukraine as they defend their sovereignty and territorial integrity," the statement read. "During the visit, President Biden will announce a significant new package of security assistance to help Ukraine defend itself against Russian aggression." Extensive security measures were already underway in the nation's capital early Wednesday morning as the District prepared for the high-profile visit. As early as 4:30 a.m., Capitol Police cruisers could be seen lined up outside the Capitol building along with cement barricades blocking roads leading up to the building. On behalf of bipartisan Congressional leaders, Speaker of the House Nancy Pelosi, D-Calif., sent a letter to Zelenskyy encouraging his visit to Washington, D.C., in a letter explaining the leaders' "immense respect and admiration" for the Ukrainian president. The pending aid would be the U.S.' largest amount of financial assistance to Ukraine since the war started and is intended to support the fight against Russia for months to come, according to the Associated Press. Congress is also expected to announce a major package of $1.8 billion in military aid on Wednesday, which will include a Patriot missile battery and precision guided bombs for Ukraine's fighter jets. U.S. officials said the package will include about $1 billion in weapons from Pentagon stocks and $800 million in funding through the Ukraine Security Assistance Initiative, according to the AP. Though the massive spending bill is expected to receive support from many Republicans in the House and Senate, not all are on board with the additional funding. Some GOP lawmakers argued the new round of aid, which will bring the U.S. commitment to the war to over $110 billion, is improper without greater accountability. https://www.theepochtimes.com/us-senate-advances-1-66-trillion-government-funding-bill_4936469.html?utm_source=partner&utm_campaign=BonginoReport US Senate Advances $1.66 Trillion Government-Funding Bill A $1.66 trillion government spending bill drew overwhelming bipartisan support in the U.S. Senate on Tuesday as lawmakers steered it toward passage before a weekend deadline to avoid a partial shutdown of federal agencies. Democratic and Republican negotiators agreed early Tuesday morning on the sweeping bill to fund the federal government through the end of its fiscal year on Sept. 30, raising funding from about $1.5 trillion in the last fiscal year. The Senate voted 70-25 to proceed to debate of the bill, with some Republican senators hoping to offer amendments. A handful of conservative Senate Republicans on Tuesday said they objected to the bill, but would not try to stop its passage. The bill includes other measures agreed on by negotiators from both parties, including a ban on the use of TikTok on government-owned devices and clarification of Congress’s role in certifying elections, an attempt to avoid a repeat of the U.S. Capitol breach on Jan. 6, 2021. Senate and House leaders aim to pass the 4,155-page bill and send it to Democratic President Joe Biden for signing by the end of the week to ensure there are no interruptions to the government’s activities. The Tuesday vote was the first in a series of steps clearing the way for passage by Friday. Failure to pass legislation in time could bring a partial government shutdown beginning Saturday, just before Christmas, and possibly lead into a months-long standoff after Republicans take control of the House on Jan. 3, breaking the grip of Biden’s Democrats on both chambers of Congress. Budget experts found fault with the bill’s size. Included in the bill is $44.9 billion in emergency assistance to Ukraine and NATO allies and $40.6 billion to assist communities across the United States recovering from natural disasters and other matters. The Ukraine funds would be used for military training, equipment, logistics and intelligence support, as well as for replenishing U.S. equipment sent to Kyiv. It also includes funding to prepare for and respond to potential nuclear and radiological incidents in Ukraine. Russian President Vladimir Putin has not ruled out the use of nuclear weapons in the conflict with Ukraine. Included in the Ukraine package is $13.4 billion in economic aid and $2.4 billion to help resettle Ukrainians in the United States. The military aid would be on top of the record $858 billion in U.S. defense spending for the year, which is up from last year’s $740 billion and also exceeds Biden’s request. U.S. lawmakers also included a proposal to bar federal employees from using the Chinese short-video app TikTok on government-owned devices. And they backed a proposal to lift a looming deadline imposing a new safety standard for modern cockpit alerts for two new versions of Boeing Co’s 737 MAX aircraft. https://nypost.com/2022/12/20/intruder-able-to-walk-into-uvalde-school-unchallenged-during-safety-audit/ ‘Intruder’ able to walk into Uvalde school unchallenged as new report slams medical response A Texas safety inspector posing as an intruder was recently able to stroll unchallenged into a Uvalde school — as a damning new investigation also blamed a “flawed medical response” for failing to save some of the 21 slaughtered in a mass shooting at Robb Elementary. The inspector was even able to enter through a back door that did not latch, eerily similar to how 18-year-old madman Salvador Ramos got into Robb Elementary before killing 19 fourth-graders and two teachers. The shocking breach was revealed at a Uvalde school board meeting Monday night, attended by at least a dozen family members of victims of the May shooting, the San Antonio Express-News said. Grieving loved ones were furious that “somebody just walked right in” seven months after one of the deadliest school shootings in history, KSAT also said of the meeting. As part of a state-mandated security audit, an inspector posing as an intruder attempted to gain access to three different schools in the grief-stricken area — strolling into one unchallenged, the meeting heard. Interim district Superintendent Gary Patterson admitted the error, saying the ongoing security lapse “is really 100 percent my responsibility,” telling the meeting: “We have got to secure those areas.” Berlinda Arreola, the grandmother of Uvalde victim Amerie Jo Garza, shared a picture of a school safety officer sitting and looking at his phone. https://trendingpoliticsnews.com/breaking-kari-lake-trial-reveals-42-5-of-randomly-examined-ballots-were-improper/ Kari Lake Trial Reveals 42.5% of Randomly Examined Ballots Were Improper According to Republican governor candidate Kari Lake’s legal team, 42.5% of examined ballots in Maricopa County for the 2022 governor’s race were illegitimate. Lake’s trial began on Wednesday were she is attempting to prove that wide scale fraud took place in Maricopa County on election day. The Lake War Room tweeted on Wednesday that 48 of the 113 ballots that were reviewed during examination were “19-inch ballots produced on 20-inch paper,” In a separate tweet, the Lake War Room wrote, “This Is how they disenfranchised Maricopa County voters on Election Day. The ballots were designed to be unable to be read through the machines. This wasn’t an error. It was malice. The process worked exactly as they intended it to.” One commenter on Twitter noted that there was no way the improper ballot size could have been because of “error.” “The expert testified there are only 2 ways for the 19 inch image to have bee projected onto the 20 in ballot which would cause tabulator errors. Both methods require an administrator to change. This could not have happened by chance or error. It was fraud.” https://twitter.com/i/status/1605620894994354176 - Play Video The race between Hobbs and Lake was decided by less than 18,000 votes. The counts put forward by Lake’s team contest her loss. Most counts were thrown out by Maricopa County Superior Court Judge Peter Thompson, with 8 being tossed while two counts were allowed to proceed. Those counts deal with alleged intentional misconduct. Lake told Turning Point USA’s AmericaFest on Tuesday that this marked a “huge win” for her legal team, saying, “we got great news. We’re taking these b*stards to trial!” Adding that Hobbs would take the stand in the trial. It was later announced by Lake’s attorneys that they had withdrawn the subpoena for Hobbs to testify. “Maricopa County wants you to believe that they are so incompetent that all of the problems on Election Day can be written off as mistakes. New Saint Andrews: Today’s culture shifts like sand. But New Saint Andrews College is established on Christ, the immovable rock. It is a premier institution that forges evangelical leaders who don’t fear or hate the world. Guided by God’s Word, they take the world back because they’re equipped with the genius of classical liberal arts and God-honoring wisdom, thanks to a faculty dedicated to academic rigor and to God’s kingdom.Find out more, at nsa.edu/ https://thepostmillennial.com/airbnb-bans-the-listing-of-former-slave-plantations-and-slave-houses?utm_campaign=64487 Airbnb bans the listing of former slave plantations and slave houses Airbnb has outlawed the listing of rental properties on its site where slaves have lived or worked, according to an update to their anti-discrimination policy. The moves come after a TikTok video from July calling out the company for listing an "1830s slave cabin" went viral. The online short-term rental marketplace immediately removed the listing, then sought out others like it, enlisting the help of historical experts. Airbnb's "Work to fight Discrimination and Build Inclusion" now includes a section called "Prohibiting the Glorification and Marketing of Slavery," which states that in July 2022, the company "took a series of steps to address the listing of properties in the US that were known to include former slave houses," as they "have no place on Airbnb." The three main policies, which only apply to the United States, prohibit "prohibiting the listing of any home or other structure on a former plantation where enslaved people lived or worked if structures that existed during the time of slavery are still present on the property," bar "any structure specifically designed only to house enslaved people and that did house enslaved people," and prohibit "the promotion of slavery-related features as a selling point of a stay." Exceptions will be made for certain Experiences that "provide important educational context" led by "reputable partners and experts." "Currently we have removed listings and experiences associated with roughly 30 properties that are violating our policies," an Airbnb spokesperson told BuzzFeed News.