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Marketplace All-in-One

Congress has a deal on new air travel safety measures and consumer protections

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 29 April 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

House and Senate negotiators have agreed to a sweeping bill to reauthorize the Federal Aviation Administration; Supreme Court turns back Musk’s challenge of Tesla settlement with SEC; McDonald’s, other restaurant chains set to report earnings.

Transcript

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0:00.0

Congress has a deal on new air travel measures.

0:04.0

I'm Novasoffo with a marketplace minute.

0:06.3

House and Senate negotiators have agreed to a sweeping bill to reauthorize funding for the FAA,

0:11.7

among other things that requires airports to deploy new technology to prevent

0:15.5

collisions and extends recording times on airplane black box devices from 2 to 25 hours.

0:22.4

It also requires airlines to accept vouchers and credits for at least five years.

0:27.0

The Supreme Court has refused to take up Elon Musk's challenge of an SEC settlement

0:32.0

requiring that he first vets some statements with

0:34.5

Tesla lawyers before posting on X.

0:37.9

This came after a 2018 post in which Musk said he had secured funding to take Tesla

0:42.4

private. That did not happen.

0:44.0

Musk had challenged the settlement on First Amendment grounds. A number of

0:48.4

restaurant chains are reporting quarterly earnings this week. McDonald's reports

0:52.1

tomorrow, followed by Starbucks and

0:54.2

Yum Brands. McDonald's profits are expected to be down as the chain relied on discounting

0:59.3

to lure back customers. I'm Novasapo with the Marketplace Minute.

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