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WSJ What’s News

Just How Great Is the Strain on Boeing’s Balance Sheet?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 24 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Oct. 24. Heard on the Street columnist Jon Sindreu discusses Boeing’s big goals and damaged finances. And WSJ Justice Department reporter Sadie Gurman says U.S. authorities see an unprecedented surge in threats relating to the presidential election. Plus, we exclusively report that Russia helped Yemen’s Houthi rebels target Western ships in the Red Sea. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

People are the lifeblood of every organization, but they're also the greatest source of risk.

0:04.7

That's why Mimecast has pioneered the connected human risk management platform

0:08.6

to help your business protect collaboration, educate employees, and detect insider risk.

0:13.6

Learn more at mimecast.com.

0:15.7

As a Boeing's machinist continue to strike,

0:21.3

how bad can the company's finances get?

0:24.4

And U.S. officials say they're facing an unprecedented level of threats this election season.

0:29.6

It's really this sort of boiling cauldron of different threats and justice department officials haven't

0:35.0

seen anything quite like it.

0:36.4

Plus, Russia provided targeting data for Hootie assault on global shipping.

0:41.7

It's Thursday, October 24th.

0:43.8

I'm Tracy Hunt for the Wall Street Journal.

0:46.2

This is a PM edition of What's News, the top headlines and business stories that move the

0:51.0

world today.

0:56.0

Let's start with Boeing. The Jetmaker's new chief executive Kelly Ortberg has many active fronts in his battle to reset the company. He has to address the

1:04.6

continuing labor strikes by Boeing's largest union, re-establish a culture of

1:09.2

accountability, fix ongoing problems at the Defense Division division and figure out how to build

1:14.7

innovative plane models again. And now he has to worry about the company's

1:19.2

deteriorating balance sheet. Joining us to discuss Boeing's problems is heard on the street columnist John Sindhreu.

1:27.0

So John, how bad does Boeing's balance sheet look right now?

1:31.0

Well, it depends on how you look at it really if you're looking at

1:35.0

assets it's not so bad like they have a lot of cash they burn 2 billion in cash

...

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