▲ 695 ▼ Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month (abcnews.go.com) submitted 2 years ago by schizoidman@lemmy.ml to c/world@lemmy.world 105 comments fedilink hide all child comments
[+] helenslunch@feddit.nl 164 points 2 years ago* (last edited 2 years ago) (3 children) [deleted] permalink fedilink source hideshow 6 child comments replies: [–] _sideffect@lemmy.world 108 points 2 years ago (2 children) Don't count on it, the government will bail them out if they drop further permalink fedilink source parent hideshow 4 child comments replies: [–] saltesc@lemmy.world 38 points 2 years ago* (last edited 2 years ago) (2 children) I wouldn't be so sure. Government bailouts tend to happen because they're almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy's dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back. I don't know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can't imagine it's perceived to be as bad as the crooked banks. Edit: Oh, wait. The military is dependent on them. Yeah, there'd be a bailout lol permalink fedilink source parent hideshow 4 child comments replies: [–] Ookami38@sh.itjust.works 68 points 2 years ago (1 child) Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say. permalink fedilink source parent hideshow 2 child comments replies: [–] ZapBeebz_@lemmy.world 23 points 2 years ago (2 children) I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail permalink fedilink source parent hideshow 4 child comments replies: [–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent [+] webghost0101@sopuli.xyz -1 points 2 years ago* [removed by mod] permalink fedilink source parent [–] Ketchup@reddthat.com 1 point 2 years ago BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA permalink fedilink source parent [+] can@sh.itjust.works -22 points 2 years ago (1 child) You think Trump would do that? permalink fedilink source parent hideshow 2 child comments replies: [–] Lost_My_Mind@lemmy.world 47 points 2 years ago (1 child) How would he have any say over what the government does? He doesn't even have control over his bodily functions. permalink fedilink source parent hideshow 2 child comments replies: [–] can@sh.itjust.works 10 points 2 years ago I guess I'm just feeling pessimistic about the future tonight. permalink fedilink source parent [–] RvTV95XBeo@sh.itjust.works 34 points 2 years ago (1 child) They'll just start selling their planes at a discount to win back buyers, then cut more corners to make a profit at the discounted rate. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] RvTV95XBeo@sh.itjust.works 8 points 2 years ago (1 child) Stock prices to drop sufficiently. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent [–] NatakuNox@lemmy.world 9 points 2 years ago Boeing should be nationalized. If a company is "to big to fail" they inevitably do because of bad leadership and greed. They need to be nationalized as part of the bail out package. But because our government is corrupt Boeing with get billions of tax dollars to save them. permalink fedilink source parent
[–] _sideffect@lemmy.world 108 points 2 years ago (2 children) Don't count on it, the government will bail them out if they drop further permalink fedilink source parent hideshow 4 child comments replies: [–] saltesc@lemmy.world 38 points 2 years ago* (last edited 2 years ago) (2 children) I wouldn't be so sure. Government bailouts tend to happen because they're almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy's dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back. I don't know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can't imagine it's perceived to be as bad as the crooked banks. Edit: Oh, wait. The military is dependent on them. Yeah, there'd be a bailout lol permalink fedilink source parent hideshow 4 child comments replies: [–] Ookami38@sh.itjust.works 68 points 2 years ago (1 child) Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say. permalink fedilink source parent hideshow 2 child comments replies: [–] ZapBeebz_@lemmy.world 23 points 2 years ago (2 children) I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail permalink fedilink source parent hideshow 4 child comments replies: [–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent [+] webghost0101@sopuli.xyz -1 points 2 years ago* [removed by mod] permalink fedilink source parent [–] Ketchup@reddthat.com 1 point 2 years ago BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA permalink fedilink source parent [+] can@sh.itjust.works -22 points 2 years ago (1 child) You think Trump would do that? permalink fedilink source parent hideshow 2 child comments replies: [–] Lost_My_Mind@lemmy.world 47 points 2 years ago (1 child) How would he have any say over what the government does? He doesn't even have control over his bodily functions. permalink fedilink source parent hideshow 2 child comments replies: [–] can@sh.itjust.works 10 points 2 years ago I guess I'm just feeling pessimistic about the future tonight. permalink fedilink source parent
[–] saltesc@lemmy.world 38 points 2 years ago* (last edited 2 years ago) (2 children) I wouldn't be so sure. Government bailouts tend to happen because they're almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy's dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back. I don't know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can't imagine it's perceived to be as bad as the crooked banks. Edit: Oh, wait. The military is dependent on them. Yeah, there'd be a bailout lol permalink fedilink source parent hideshow 4 child comments replies: [–] Ookami38@sh.itjust.works 68 points 2 years ago (1 child) Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say. permalink fedilink source parent hideshow 2 child comments replies: [–] ZapBeebz_@lemmy.world 23 points 2 years ago (2 children) I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail permalink fedilink source parent hideshow 4 child comments replies: [–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent [+] webghost0101@sopuli.xyz -1 points 2 years ago* [removed by mod] permalink fedilink source parent [–] Ketchup@reddthat.com 1 point 2 years ago BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA permalink fedilink source parent
[–] Ookami38@sh.itjust.works 68 points 2 years ago (1 child) Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say. permalink fedilink source parent hideshow 2 child comments replies: [–] ZapBeebz_@lemmy.world 23 points 2 years ago (2 children) I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail permalink fedilink source parent hideshow 4 child comments replies: [–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent [+] webghost0101@sopuli.xyz -1 points 2 years ago* [removed by mod] permalink fedilink source parent
[–] ZapBeebz_@lemmy.world 23 points 2 years ago (2 children) I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail permalink fedilink source parent hideshow 4 child comments replies: [–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent [+] webghost0101@sopuli.xyz -1 points 2 years ago* [removed by mod] permalink fedilink source parent
[–] Badeendje@lemmy.world 6 points 2 years ago Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors. permalink fedilink source parent
[–] Ketchup@reddthat.com 1 point 2 years ago BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA permalink fedilink source parent
[+] can@sh.itjust.works -22 points 2 years ago (1 child) You think Trump would do that? permalink fedilink source parent hideshow 2 child comments replies: [–] Lost_My_Mind@lemmy.world 47 points 2 years ago (1 child) How would he have any say over what the government does? He doesn't even have control over his bodily functions. permalink fedilink source parent hideshow 2 child comments replies: [–] can@sh.itjust.works 10 points 2 years ago I guess I'm just feeling pessimistic about the future tonight. permalink fedilink source parent
[–] Lost_My_Mind@lemmy.world 47 points 2 years ago (1 child) How would he have any say over what the government does? He doesn't even have control over his bodily functions. permalink fedilink source parent hideshow 2 child comments replies: [–] can@sh.itjust.works 10 points 2 years ago I guess I'm just feeling pessimistic about the future tonight. permalink fedilink source parent
[–] can@sh.itjust.works 10 points 2 years ago I guess I'm just feeling pessimistic about the future tonight. permalink fedilink source parent
[–] RvTV95XBeo@sh.itjust.works 34 points 2 years ago (1 child) They'll just start selling their planes at a discount to win back buyers, then cut more corners to make a profit at the discounted rate. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] RvTV95XBeo@sh.itjust.works 8 points 2 years ago (1 child) Stock prices to drop sufficiently. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent
[+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] RvTV95XBeo@sh.itjust.works 8 points 2 years ago (1 child) Stock prices to drop sufficiently. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent
[–] RvTV95XBeo@sh.itjust.works 8 points 2 years ago (1 child) Stock prices to drop sufficiently. permalink fedilink source parent hideshow 2 child comments replies: [+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent
[+] helenslunch@feddit.nl 4 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent
[–] Laser@feddit.de 5 points 2 years ago They'll just use the opportunity to buy back stock. permalink fedilink source parent
[–] NatakuNox@lemmy.world 9 points 2 years ago Boeing should be nationalized. If a company is "to big to fail" they inevitably do because of bad leadership and greed. They need to be nationalized as part of the bail out package. But because our government is corrupt Boeing with get billions of tax dollars to save them. permalink fedilink source parent