Energy: Congress Bails Out Aerospace Companies

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 26 March 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Description: Late last night, the United States Senate passed a $2.2 trillion emergency relief package targeted at offsetting the financial damage of the ongoing coronavirus pandemic. Among the provisions of the bill were more than $50 billion in relief for commercial airlines and other aerospace companies. Motley Fool Contributor Lou Whiteman joins the show to discuss what it means for Boeing and the U.S. domestic airline industry.

Stocks Mentioned: BA, DAL, AAL, UAL, LUV, SAVE, UTX, RTN, SPR, TGI

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0:00.0	This episode of Industry Focus is brought to you by Indeed.
0:04.0	Welcome to Industry Focus.
0:10.0	The podcast that dives into a different sector of the stock market
0:14.0	each day. I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidwell. I'm
0:18.1	Dylan Lewis. And today we're talking.
0:20.8	Today we're talking consumer goods.
0:23.0	Wednesday and we're talking energy and today we're talking tech.
0:27.0	Let's dive in.
0:28.0	It's Thursday and we're diving into the government
0:32.6	bailouts ahead for the aerospace industry.
0:34.5	I'm your host Nick Saipold.
0:35.7	Joining me today to break it all down as Motley Fool contributor Lou
0:38.1	Whiteman.
0:38.6	Lou, welcome back on the show.
0:39.7	Thanks for having me, always a pleasure.
0:42.0	Yeah, it's great to have you on and you're on the show back in
0:44.4	February 27th since then the stock market is now down 12% after this rally the
0:48.8	past couple days but we entered bare market territory in that interim what have you been
0:52.2	doing as an investor during this kind of crazy
0:54.2	volatility?
0:56.0	So I can't, I can't, this is from Twitter so it may not be true, but I actually just saw we are technically
1:01.2	we are up 20% in three days so we are out of bare market
	...

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