Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Monday, March 25th, and I'm your host Kim Kahn. Our top story so far.

Bowing President and CEO Dave Calhoun plans to step down at the end of the year.

Word Chairman Larry Kellner informed the board that he won't stand for re-election of the upcoming annual shareholder meeting.

The Board elected Steve Moltenkov to succeed Kellner as Independent Board Chair.

In this role, Molinkov will lead the board's process of selecting Boeing's next CEO.

Stan Deal, president and chief executive of Boeing commercial airplanes,

will retire from the company and be succeeded by Stephanie Pope starting Monday.

Pope was chief operating officer previously.

The managerial changes come as Boeing grapples with significant safety issues and intense scrutiny

from aviation authorities.

The mid-flight emergency on a 737 max-9 flown by Alaska Airlines in early January led to the FAA

capping the company's output of some planes until it improves its safety culture.

Calhoun said, as you all know, the Alaska Airlines flight 1282 accident was a watershed moment for Boeing.

We must continue to respond to this accident with

humility and complete transparency. We also must inculcate a total commitment to

safety and quality at every level of our company. In today's trading stocks are on the

back foot but only down slightly following the best weekly performance for the

S&P 500 in 2024. Clark Bellin, president and CEOIO of Bell Weather Wealth, based in Lincoln, Nebraska, says

the stock market has seen a fast and steep climb so far this year, and the Dow Jones

industrial average is closing in on the next milestone of 40,000, which is a psychologically

important threshold for the market.

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