China’s central bank cuts rate for medium-term loans to support virus-hit economy

Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019. China’s central bank cut the interest rate on its medium term loans on Monday as policymakers try to reduce the economic shock from a coronavirus outbreak that is severely disrupting business activity. The People’s Bank of China (PBOC) said it was lowering the rate on 200 billion yuan ($28.65 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions by 10 basis


Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019.
China’s central bank cut the interest rate on its medium term loans on Monday as policymakers try to reduce the economic shock from a coronavirus outbreak that is severely disrupting business activity.
The People’s Bank of China (PBOC) said it was lowering the rate on 200 billion yuan ($28.65 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions by 10 basis
China’s central bank cuts rate for medium-term loans to support virus-hit economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-17
Keywords: news, cnbc, companies, billion, pboc, loans, support, rate, chinas, repos, mediumterm, virushit, yuan, cuts, central, reverse, bank, china, economy, worth


China's central bank cuts rate for medium-term loans to support virus-hit economy

Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019.

China’s central bank cut the interest rate on its medium term loans on Monday as policymakers try to reduce the economic shock from a coronavirus outbreak that is severely disrupting business activity.

The People’s Bank of China (PBOC) said it was lowering the rate on 200 billion yuan ($28.65 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions by 10 basis points (bps) to 3.15% from 3.25% previously.

No MLF loans had been set to mature on Monday.

Earlier this month, as the virus outbreak escalated, the PBOC unexpectedly lowered the interest rates on reverse repurchase agreements by 10 bps.

Monday’s move is expected to pave the way for a cut in the country’s benchmark loan prime rate (LPR), which will be announced on Thursday.

The PBOC also said in the statement that it injected 100 billion yuan of reverse repos to financial institutions on Monday, when a total of one trillion yuan worth of reverse repos are due to expire.


Company: cnbc, Activity: cnbc, Date: 2020-02-17
Keywords: news, cnbc, companies, billion, pboc, loans, support, rate, chinas, repos, mediumterm, virushit, yuan, cuts, central, reverse, bank, china, economy, worth


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Traders bet on another rate cut soon, and other news affecting your money in the week ahead

Here’s what to watch in the stock market during the week ahead — and how the news could affect your bottom line. Traders will be scouring these notes for signs that policymakers will cut rates again after doing so three times in 2019. Meanwhile, traders see a 47% likelihood that central bankers will reduce interest rates at least twice by the end of 2020. What it means for you: The Fed lowered interest rates last year in an effort to stimulate growth. At the same time, lower interest rates mean


Here’s what to watch in the stock market during the week ahead — and how the news could affect your bottom line.
Traders will be scouring these notes for signs that policymakers will cut rates again after doing so three times in 2019.
Meanwhile, traders see a 47% likelihood that central bankers will reduce interest rates at least twice by the end of 2020.
What it means for you: The Fed lowered interest rates last year in an effort to stimulate growth.
At the same time, lower interest rates mean
Traders bet on another rate cut soon, and other news affecting your money in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: anna-louise jackson
Keywords: news, cnbc, companies, soon, fed, money, rate, filing, cut, interest, week, affecting, wall, bet, ahead, market, rates, unemployment, traders


Traders bet on another rate cut soon, and other news affecting your money in the week ahead

The U.S. stock market is shattering records once again, with the S&P 500 setting new, all-time highs in the past week. And with the month half over, this benchmark is up 4.6%. That puts it on track for its best February since 2015. Some of Wall Street’s fears about the economic toll of the deadly coronavirus have tempered, and there are other reasons to be optimistic, too. Federal Reserve Chairman Jerome Powell on Tuesday testified in front of the House Financial Services Committee that the U.S. economy is “in a very good place,” and a monthly report showed consumer prices picked up in January. The Fed will be in focus in the week ahead because on Wednesday policymakers are scheduled to release the minutes from their January meeting. And traders are betting that the Fed will cut interest rates again by June, which marks a shift from as recently as a month ago, when they thought rates were likely to remain unchanged. In addition, people on Wall Street are monitoring the number of Americans filing for unemployment benefits, which has increased slightly this year. Here’s what to watch in the stock market during the week ahead — and how the news could affect your bottom line.

Traders bet the Fed will cut interest rates again

What’s happening: In two days of testimony, Fed Chair Powell assured Congress that the U.S. economy appears “resilient” to factors that could hurt global economic growth, though central bankers are closely monitoring the coronavirus. The minutes from the most recent Federal Reserve meeting, held in late January, are scheduled for release on Wednesday. Traders will be scouring these notes for signs that policymakers will cut rates again after doing so three times in 2019. In his testimony, Powell said Fed policy is well positioned currently. Why it matters: Traders are increasingly betting that the Fed will cut rates and see about a 45% probability of that happening by June, up from just 20% one month ago. Meanwhile, traders see a 47% likelihood that central bankers will reduce interest rates at least twice by the end of 2020. That’s at odds with the Fed’s current wait-and-see stance, and Powell’s recent comments about the economy. What it means for you: The Fed lowered interest rates last year in an effort to stimulate growth. That’s been a factor in making it cheaper for consumers and businesses to borrow money, like taking out a mortgage, and potentially saving borrowers thousands of dollars. At the same time, lower interest rates mean you earn less on your savings account.

More Americans filing for unemployment benefits

What’s happening: The number of Americans filing for unemployment benefits has been increasing slightly so far this year, particularly among those who have been receiving these benefits for a while. The weekly average this year, at nearly 1.74 million, is higher than both the comparable time period in 2019 and the full-year average. Economists currently project an increase in the number of new unemployment beneficiaries for the report scheduled to be released on Thursday. Why it matters: The labor market remains relatively strong, but people on Wall Street will be watching for a rise in jobless claims, both among those people filing for the first time and those who have been receiving those benefits for a while. However, U.S. employers announced more than 67,000 job cuts in January, which was the most in 11 months and a 106% increase from December, according to figures from Challenger, Gray & Christmas, an executive outplacement firm. What it means for you: Even if you’re working full time, it can be helpful to monitor job-related indicators because they give you a sense of how businesses are faring. Generally, labor market trends remain positive, and Wall Street is watching for any sign of a shift. Last week, for example, a report showed that optimism among small business owners jumped in January. It’s well above the long-term average — and in the top 10% of historical readings. Small businesses employ a large share of the population, so if these owners cut back on hiring or shed workers, that has a broader economic impact. More broadly, a recession doesn’t appear imminent, even in 2020, so you’re better off focusing on steps you can take now to safeguard your life before such a downturn occurs.

The bottom line


Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: anna-louise jackson
Keywords: news, cnbc, companies, soon, fed, money, rate, filing, cut, interest, week, affecting, wall, bet, ahead, market, rates, unemployment, traders


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Just how contagious is the coronavirus

Just how contagious is the coronavirusCNBC’s Meg Tirrell reports on the infection rate for the coronavirus. With Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.


Just how contagious is the coronavirusCNBC’s Meg Tirrell reports on the infection rate for the coronavirus.
With Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.
Just how contagious is the coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14
Keywords: news, cnbc, companies, contagious, tirrell, institute, infection, national, reports, rate, fauci, meg, infectious, coronavirus


Just how contagious is the coronavirus

Just how contagious is the coronavirus

CNBC’s Meg Tirrell reports on the infection rate for the coronavirus. With Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.


Company: cnbc, Activity: cnbc, Date: 2020-02-14
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Airbus plans to ramp up production as rival Boeing is embroiled in 737 Max crisis

Europe’s Airbus is planning to ramp up production of its A320neo single-aisle jet, putting the squeeze on Boeing shortly after its U.S. rival registered its worst annual orders in decades. The U.S. aviation company has been embroiled in a crisis since its best-selling 737 Max airliner was grounded last March, following two deadly crashes. Earlier this week, Boeing reported zero plane orders for new airplanes in the month of January. In contrast, Airbus reported Thursday that deliveries of the A3


Europe’s Airbus is planning to ramp up production of its A320neo single-aisle jet, putting the squeeze on Boeing shortly after its U.S. rival registered its worst annual orders in decades.
The U.S. aviation company has been embroiled in a crisis since its best-selling 737 Max airliner was grounded last March, following two deadly crashes.
Earlier this week, Boeing reported zero plane orders for new airplanes in the month of January.
In contrast, Airbus reported Thursday that deliveries of the A3
Airbus plans to ramp up production as rival Boeing is embroiled in 737 Max crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: sam meredith
Keywords: news, cnbc, companies, 737, plans, planes, crisis, orders, month, plane, rampup, reported, production, boeing, embroiled, max, airbus, rival, rate, ramp


Airbus plans to ramp up production as rival Boeing is embroiled in 737 Max crisis

Europe’s Airbus is planning to ramp up production of its A320neo single-aisle jet, putting the squeeze on Boeing shortly after its U.S. rival registered its worst annual orders in decades.

Airbus is widely thought to be well-placed to benefit from Boeing’s protracted demise. The U.S. aviation company has been embroiled in a crisis since its best-selling 737 Max airliner was grounded last March, following two deadly crashes.

Earlier this week, Boeing reported zero plane orders for new airplanes in the month of January. It also recorded a negative order rate for 2019 for the first time in decades, as customers either canceled or converted orders.

In contrast, Airbus reported Thursday that deliveries of the A320neo aircraft — the direct competitor to Boeing’s 737 Max — rose by 43% year-on-year to 551 in 2019.

The “ramp-up” continued for Airbus Cabin Flex (ACF) version of the A321 plane too, the company said, with almost 100 more deliveries than in 2018.

The aerospace group also confirmed it was discussing “further ramp-up potential” for the A320 program beyond a rate of 63 planes per month. It already sees a “clear path” to further increase the monthly production rate by one or two planes that would mean it could produce 67 planes per month, by 2023.


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: sam meredith
Keywords: news, cnbc, companies, 737, plans, planes, crisis, orders, month, plane, rampup, reported, production, boeing, embroiled, max, airbus, rival, rate, ramp


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Federal Reserve’s Patrick Harker says interest rates should ‘hold steady for a while’

Interest rates should stay where they are as the economy grows and the consumer continues to be in good shape, Philadelphia Federal Reserve President Patrick Harker said Wednesday. A voter this year on the policymaking Federal Open Market Committee, Harker endorsed a wait-and-see approach to monetary policy after a year in which the central bank cut its benchmark rate three times. “The news in general continues to be good for the consumer sector,” Harker added. “Thanks to the lowest unemployment


Interest rates should stay where they are as the economy grows and the consumer continues to be in good shape, Philadelphia Federal Reserve President Patrick Harker said Wednesday.
A voter this year on the policymaking Federal Open Market Committee, Harker endorsed a wait-and-see approach to monetary policy after a year in which the central bank cut its benchmark rate three times.
“The news in general continues to be good for the consumer sector,” Harker added.
“Thanks to the lowest unemployment
Federal Reserve’s Patrick Harker says interest rates should ‘hold steady for a while’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: jeff cox
Keywords: news, cnbc, companies, rates, hold, policy, philadelphia, monetary, steady, patrick, good, interest, harker, federal, committee, economy, meeting, consumer, reserves, rate


Federal Reserve's Patrick Harker says interest rates should 'hold steady for a while'

Interest rates should stay where they are as the economy grows and the consumer continues to be in good shape, Philadelphia Federal Reserve President Patrick Harker said Wednesday.

A voter this year on the policymaking Federal Open Market Committee, Harker endorsed a wait-and-see approach to monetary policy after a year in which the central bank cut its benchmark rate three times.

“My own view right now is that we should hold steady for a while and watch how developments and the data unfold before taking any more action,” Harker said in prepared remarks for a speech in Malvern, a Philadelphia suburb.

He described the national economy as being “in good shape.”

“The news in general continues to be good for the consumer sector,” Harker added. “Thanks to the lowest unemployment rate in 50 years and growth in wages, consumers are upbeat about the economy. Consumer confidence is high, and the optimism should support household spending this year.”

At its January meeting, the FOMC elected to keep its funds rate targeted in a range between 1.5%-1.75%. The post-meeting statement said the committee would “continue to monitor the implications of incoming information for the economic outlook.” At the December meeting, the “dot plot” of individual members’ rate expectations pointed to no moves in 2020.

Still, the market is pricing in a 60% chance of a 25 basis point cut by September and a 41% probability of another move by the end of the year, according to the CME.

Fed Chairman Jerome Powell, who has said repeatedly that monetary policy is in “a good place,” returns to Capitol Hill on Wednesday for testimony before the Senate Banking Committee.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: jeff cox
Keywords: news, cnbc, companies, rates, hold, policy, philadelphia, monetary, steady, patrick, good, interest, harker, federal, committee, economy, meeting, consumer, reserves, rate


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Reserve Bank of New Zealand keeps rates on hold, sees limited coronavirus risks for now

Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012. While the central bank flagged coronavirus risks, more upbeat comments about employment and consumer prices bolstered expectations it may not need to cut rates this year, which helped the New Zealand dollar climb 0.5% to $0.6440. “Nevertheless, some sectors are being significantly affected,” RBNZ’s monetary policy committee said in a statement accompanying the rates decisio


Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012.
While the central bank flagged coronavirus risks, more upbeat comments about employment and consumer prices bolstered expectations it may not need to cut rates this year, which helped the New Zealand dollar climb 0.5% to $0.6440.
“Nevertheless, some sectors are being significantly affected,” RBNZ’s monetary policy committee said in a statement accompanying the rates decisio
Reserve Bank of New Zealand keeps rates on hold, sees limited coronavirus risks for now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12
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Reserve Bank of New Zealand keeps rates on hold, sees limited coronavirus risks for now

Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012.

New Zealand’s central bank held interest rates at an all time low on Wednesday, as expected, and signaled no immediate need to adjust monetary policy but room to do so if the coronavirus became a more persistent threat to economic growth.

At its first meeting of the year, the Reserve Bank of New Zealand (RBNZ) held the official cash rate (OCR) at 1.0%, taking comfort from a stabilizing economy after its 75 basis points of easing last year.

While the central bank flagged coronavirus risks, more upbeat comments about employment and consumer prices bolstered expectations it may not need to cut rates this year, which helped the New Zealand dollar climb 0.5% to $0.6440.

All economists polled by Reuters had tipped a hold in policy given domestic risks had receded but said the big unknown would be the hit from the coronavirus epidemic.

RBNZ said the overall economic effects of the outbreak in New Zealand would be of a short duration, with most of the impact likely in the first half of 2020.

“Nevertheless, some sectors are being significantly affected,” RBNZ’s monetary policy committee said in a statement accompanying the rates decision.

“There is a risk that the impact will be larger and more persistent. Monetary policy has time to adjust if needed as more information becomes available.”

Widespread global travel and work restrictions due to the coronavirus, which has so far killed more than 1,000 people and sparked a global health emergency, are putting the squeeze on New Zealand firms doing business in the world’s second-biggest economy.

Meat, dairy, timber and seafood exporters in New Zealand have faced cancellations in China, which is its single-biggest export market.

New Zealand’s Prime Minister Jacinda Ardern said on Monday that the coronavirus epidemic would have an inevitable impact on economic growth.

RBNZ said in its statement that economic growth is expected to accelerate over the second half of 2020 driven by monetary and fiscal stimulus, and the high terms of trade.

However, soft momentum in economic growth has continued into early 2020, it said.

“Overall, it looks like the RBNZ expects to keep the OCR on hold this year, unless coronavirus blows up into something severe for New Zealand,” said Westpac New Zealand Chief Economist Dominick Stephens.

Australia’s central bank held its cash rate last week and sounded doggedly optimistic even as markets bet devastating bushfires at home and China’s virus would force aggressive easing.

The RBNZ’s 75 basis point rate cuts last year helped it inch closer to its dual mandate of lifting inflation and increasing employment. Inflation in the previous quarter rose closer to the 2% midpoint of RBNZ’s 1-3% target range, while the unemployment rate dropped.

Westpac has said New Zealand’s first quarter gross domestic product would be 0.6 percentage points lower than previously thought due to the impact of the coronavirus, assuming a two month ban on travel and one month of disruption in China’s factories.

New Zealand’s economy grew at a slightly below-expected 2.9% annual rate last year, as demand was partly hurt by the Sino-U.S. trade war.


Company: cnbc, Activity: cnbc, Date: 2020-02-12
Keywords: news, cnbc, companies, reserve, rbnzs, sees, economic, risks, bank, coronavirus, zealands, impact, rate, keeps, policy, rates, hold, limited, zealand, monetary


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Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world

The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds. Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019. He did, though, express


The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday.
In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds.
Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019.
He did, though, express
Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: ylan mui jeff cox, ylan mui, jeff cox
Keywords: news, cnbc, companies, rate, fed, rates, monitoring, semiannual, threat, stresses, closely, powell, hit, china, coronavirus, world, policy, economy, remarks, series


Powell stresses that Fed is 'closely monitoring' coronavirus for hit to China and the world

The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday.

In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds.

Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019.

“As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy will likely remain appropriate,” he said.

He did, though, express some misgivings about rates being so low, not only with his own Fed but in other central banks around the world. The Fed last year held a series of public hearings to discuss policy options in the future, in particular how to handle economic downturns.

“This low interest rate environment may limit the ability of central banks to reduce policy interest rates enough to support the economy during a downturn,” he said.

Powell’s remarks recapped the Fed’s 61-page semiannual report that lawmakers received on Friday. He said the economy is growing at a “moderate” pace, and he noted that the fundamentals supporting household spending are still “solid.”

Markets reacted little to the remarks, which strongly resembled the messages coming from Powell and his fellow officials over the past several months. Wall Street was indicating a 100-point Dow industrials gain at the open.

“Interest rates aren’t going up under his watch without more inflation and that is music to the stock market’s ears,” said Chris Rupkey, chief financial economist at MUFG Union Bank.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: ylan mui jeff cox, ylan mui, jeff cox
Keywords: news, cnbc, companies, rate, fed, rates, monitoring, semiannual, threat, stresses, closely, powell, hit, china, coronavirus, world, policy, economy, remarks, series


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Watch Fed Chair Jerome Powell speak to Congress live

Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Tuesday before the House Committee on Financial Services as part of his semiannual testimony to Congress. Powell said in prepared remarks that the Fed remains on hold in its interest rate stance following three cuts in 2019. Also, he said the central bank is continuing to watch developments regarding the coronavirus and its impact on global growth. Read more:Powell stresses that


Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chairman Jerome Powell appears Tuesday before the House Committee on Financial Services as part of his semiannual testimony to Congress.
Powell said in prepared remarks that the Fed remains on hold in its interest rate stance following three cuts in 2019.
Also, he said the central bank is continuing to watch developments regarding the coronavirus and its impact on global growth.
Read more:Powell stresses that
Watch Fed Chair Jerome Powell speak to Congress live Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jeff cox
Keywords: news, cnbc, companies, rate, fed, watch, chair, testimonymarkets, youtube, live, congress, testimony, worldwhat, speak, powell, reserve, coronavirus, jerome, timefederal


Watch Fed Chair Jerome Powell speak to Congress live

[The stream is slated to start at 10 am ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Jerome Powell appears Tuesday before the House Committee on Financial Services as part of his semiannual testimony to Congress.

Powell said in prepared remarks that the Fed remains on hold in its interest rate stance following three cuts in 2019. Also, he said the central bank is continuing to watch developments regarding the coronavirus and its impact on global growth.

Read more:

Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world

What to look for from Fed Chair Powell’s testimony

Markets are putting pressure on the Federal Reserve for at least one rate cut

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jeff cox
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Boeing posts zero new airplane orders in January

Boeing posted a slow start to 2020, recording zero orders for new airplanes in the month of January. The lack of orders last month stands in contrast to its competitor Airbus, which logged orders for 274 commercial airplanes in January. January is the latest month without orders after the grounding of the 737 Max in March 2019. Boeing recorded a negative order rate in 2019 — for the first time in decades — as customers canceled or converted orders. With the company’s beleaguered 737 Max still gr


Boeing posted a slow start to 2020, recording zero orders for new airplanes in the month of January.
The lack of orders last month stands in contrast to its competitor Airbus, which logged orders for 274 commercial airplanes in January.
January is the latest month without orders after the grounding of the 737 Max in March 2019.
Boeing recorded a negative order rate in 2019 — for the first time in decades — as customers canceled or converted orders.
With the company’s beleaguered 737 Max still gr
Boeing posts zero new airplane orders in January Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: phil lebeau
Keywords: news, cnbc, companies, posts, rate, told, zero, max, month, airplanes, airlines, airplane, boeing, 737, order, orders


Boeing posts zero new airplane orders in January

A pilot waves as a Boeing 777X airplane taxis during its first test flight from the company’s plant in Everett, Washington, U.S. January 25, 2020.

Boeing posted a slow start to 2020, recording zero orders for new airplanes in the month of January.

The lack of orders last month stands in contrast to its competitor Airbus, which logged orders for 274 commercial airplanes in January.

January is the latest month without orders after the grounding of the 737 Max in March 2019.

Boeing recorded a negative order rate in 2019 — for the first time in decades — as customers canceled or converted orders. In January, Boeing did not have any order cancellations.

Meanwhile, the company delivered 13 new airplanes in January: six 787 Dreamliners, a pair of 777s, two 767s and three 737NGs.

With the company’s beleaguered 737 Max still grounded, Boeing did not deliver any Max models in January. The plane’s software was at the center of two fatal crashes that killed a combined 346 people.

Investors and industry insiders have grown accustomed to Boeing’s low rate of orders and deliveries since production of the 737 Max halted earlier this year. Boeing has said it expects the Max to be recertified and for regulators to lift the grounding of the Max by the middle of 2020.

The head of the FAA, Steve Dickson, has told executives with Southwest Airlines, American Airlines and United Airlines that he is encouraged by the progress Boeing has made in fixing problems with the Max. On Tuesday at the Singapore Air Show, Dickson told reporters there could be a certification flight for the Max within weeks.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: phil lebeau
Keywords: news, cnbc, companies, posts, rate, told, zero, max, month, airplanes, airlines, airplane, boeing, 737, order, orders


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