Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, July 25th. I'm Julie Morgan.

Boeing is guilty.

Ford is losing ground.

And even though Warner Brothers Discovery tried to send the game into overtime, the

NBA said too little too late.

Boeing has formally filed a guilty plea with the Department of Justice.

The case has to do with Boeing making false representations about key software for the 737

max linked to two fatal crashes in 2018 and 2019.

According to the court filing as part of the agreement, the aerospace giant will also pay a

243.6 million dollar fine.

Boeing confirmed the plea deal to Reuters saying they'll continue to work

transparently with regulators as they take significant actions across Boeing

to further strengthen their safety, quality, and compliance programs.

In the filing, the DOJ noted that Boeing neglected to ensure employees documented removing

parts during airplane manufacture and did not confirm the work by mechanics and inspectors.

The profitability of Ford Motor Company eroded in the second quarter due to increase warranty costs and losses associated with its electric vehicle

division. Ford is down 13% pre-market. This left the carmaker with an adjusted profit of 47 cents per share, down 25 cents from the same quarter last year and 21 cents below Wall Street's expectations.

The company's CFO said they still have a lot of work ahead of them to raise quality and reduce costs and complexity.

By segment 4's commercial division reported sales of 17 billion, an increase of 9% with profitability,

increasing to 2.56 billion.

Ford Blue, the company's ICE Division, saw revenue improving 7% to 26.7 billion dollars, but profitability or EBIT

...