Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, July 8th. I'm Julie Morgan. Boeing is pleading guilty. Oil export hubs close ahead

of barrel and SKon is declaring an emergency. Boeing has agreed to plead guilty to a criminal charge of conspiracy to defraud the U.S. government.

The Department of Justice found that Boeing violated a settlement over too fatal,

737 max crashes in 2018 and 2019.

Under the proposed plea deal filed by prosecutors on Sunday,

the company will face the maximum criminal fine of $487.2 million.

The deal recommends that the court credit the $243.6 million criminal monetary penalty Boeing previously paid, with the net result being that Boeing will have to pay another $243.6 million.

The plane maker will be on

on the required to invest 455 million to strengthen its compliance and safety programs.

It'll also be on probation for three years subject to special conditions

including its board meeting the victims families and an independent

compliance monitor.

Wurries about Hurricane barrel which has regained strength as a category one hurricane,

led authorities on Sunday to close or restrict vessel

traffic at key ports.

The storm made landfall near Matagorda, Texas overnight.

The Port of Corpus Christi, the biggest export hub for crude oil

in the United States, closed on Sunday. No vessels are allowed to enter, transit, or remain

without the permission of the captain.

Reuters reported on Sunday that the closures may temporarily halt crude exports,

shipments of oil to refineries, and of motor fuels from those plants.

All inbound vessel traffic at the ports of Houston, Galveston, Freeport, and

...