Boeing drags down the Dow

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 8 January 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks open mixed as Dow component Boeing tumbles; Congressional negotiators reach a spending deal; China sanctions U.S. defense contractors.

Transcript

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0:00.0	Boeing drags down the Dow.
0:02.8	I'm Nancy Marshall Genser with the Marketplace Minute.
0:05.6	Stocks open mixed today with the Dow Down as Boeing shares tumbled at the open.
0:10.6	Federal investigators are looking into why a panel on a Boeing 737 Max Nine
0:16.0	fell off in flight. The FAA has temporarily grounded all Max Nines operated by U.S. Airlines or in U.S. territory.
0:24.8	Congressional negotiators have reached a deal to limit spending to almost $1.6 trillion for the
0:30.7	rest of this fiscal year.
0:32.4	They still have to agree on how to allocate
0:34.4	that money, otherwise there will be partial government shutdowns. The first
0:38.3	shutdown deadline is in less than two weeks. China has announced its sanctioning five US defense contractors.
0:45.4	The sanctions come after the State Department approved new sales of US
0:49.4	military equipment to Taiwan. And JPMorgan Chase, Wells Fargo, and Bank of America are all scheduled to report fourth-quarter earnings
0:57.6	this Friday.
0:58.6	I'm Nancy Marshall Genser with the marketplace minute.

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