Greg Ip, Wall Street Journal deputy economics editor and chief economics commentator, joins 'Squawk Box' to discuss the challenges facing Boeing and Intel, what can be done to fix the companies, the role of government, and more.
Ron Epstein, Bank of America Securities senior aerospace analyst, joins 'Squawk Box' to discuss Boeing's quarterly earnings results, the challenges facing new CEO Kelly Ortberg, and more.
Boeing Co (NYSE:BA, ETR:BCO) offered a stark view of the struggles it has faced this year through results on Wednesday. Operating losses surged from US$808 million to US$5.76 billion year on year in the third quarter, as margins sank from -4.5% to -32.3%, the manufacturer reported.
CNBC's Phil LeBeau joins 'Squawk Box' to break down the company's quarterly earnings results.
Boeing Co.'s stock was slightly lower Wednesday, after the troubled aerospace giant's third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, weighing against a wider-than-expected loss.
Boeing reported a third-quarter loss of $6.1 billion on Wednesday. Its newly-installed CEO Kelly Ortberg said it will "take time to return Boeing to its former legacy.
Boeing CEO Kelly Ortberg laid out a turnaround plan on Wednesday, including a push for a "fundamental culture change," as the struggling planemaker grapples with a crippling strike, mounting debt and heightened cash burn.
Boeing's new CEO Kelly Ortberg is set to provide his vision for Boeing's future in his first earnings call since taking the top job in August. Boeing's more than 32,000 striking machinists will vote on a new contract proposal on Wednesday that could end a more than five-week work stoppage.
Boeing factory workers will vote on Wednesday on a new contract proposal that could bring an end to a more than five-week strike, in a crucial moment for the troubled planemaker as it wrestles with a deepening financial crisis.
Boeing has signaled it will report a huge loss when it announces third-quarter earnings before markets open on Wednesday, heightening attention on new Chief Executive Officer Kelly Ortberg's plan to steer the troubled plane maker through its mounting problems. Additionally, later on today, there is set to be a union vote of whether the strike against Boeing continues or ends.
The strike is an early test for Kelly Ortberg, a Boeing outsider who became CEO in August.
The Boeing Company BA will release earnings results for its third quarter, before the opening bell on Wednesday, Oct. 23.