Boeing revenue falls

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 24 April 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks close mixed; Boeing slows production of 737 MAX planes; mortgage rates at highest level since November; durable goods orders rise.

Transcript

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0:00.0	This is the Marketplace Minute.
0:03.4	I'm Justin Ho.
0:05.0	Stocks were mixed on Wednesday.
0:06.9	The Dow fell a tenth of our percent,
0:08.8	but the NASDAQ rose a tenth of our percent,
0:11.0	and the S&P basically didn't change.
0:13.7	Boeing says revenue fell last quarter, down 8% from the same time a year ago.
0:18.3	The company has been slowing down production of its 737 max planes, and regulators have been stepping up inspections after a cabin
0:25.2	panel blew out earlier this year.
0:27.8	The average rate on a 30-year fixed mortgage rose to 7 and a quarter percent last week,
0:32.2	according to the Mortgage Bankers Association, that's the highest since November.
0:36.2	The MBA says mortgage applications declined because high rates and prices are causing potential
0:41.5	homebuyers to put off purchases.
0:44.6	And durable goods orders rose 2.6% in March, according to the Commerce Department.
0:49.4	Most of that was orders of aircraft.
0:51.4	Orders of other vehicles, computers, and machinery rose too.
0:55.0	I'm Justin Ho, with the Marketplace Minute. You're going to.

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