U.S. Day Ahead: Boeing faces investors over 787 nightmare
Wednesday, January 30, 2013 - 02:49
Jan. 29 - When Boeing reports results, investors are likely to ask Chief Executive Jim McNerney about the costs of fixing the grounded Dreamliners.
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We'll find out how much sleep Boeing is losing over its troubled dreamliner. When the company holds the earnings call on the morning. Investors are likely to -- chief executive Jim McNerney about the costs. Fixing the 787. -- you're still grounded and regulators say they are no -- near finishing their safety investigations. We note that Boeing is continuing to produce 787. But -- can't deliver. And they make about five Obama so that's 200000207. Million dollars. Project -- -- about a billion dollars a month. They're producing -- unable to sell the next cost is how much these investigations. Additional work and figure out problems and cost. About we don't know. Finally we don't know what the fix is -- cost whether it's a minor thing that. Design change. Meantime three analysts have cut their ratings on the stock it's down about 2% since the beginning of the year. And we'll have that earnings call live on insider 10:30 AM eastern. Mobile ad sales -- that's the name of the game when FaceBook reports results. It's a big chunk of change 14% of the company's ad revenues from mobile and analysts are expecting improvement. Facebook's last earnings remain roughly 150 million dollars from the business up from an estimated fifty million in the previous quarter. Still that's seemingly losing their nerves -- slumped 5% at the end of the day someone else's check out check what. That's like rim has also got Facebook's bug ahead of its highly anticipated Blackberry ten -- Research in Motion tumbled 3% at the close after climbing steadily from the beginning of the year. Pay attention to what's CEO -- Heinz says about sales points. The market in general is looking to see the devices in the hands of customers. In the first week the second week of bad. If the devices get delayed a sales get delayed into the latter part of bed or early march I think we could see a bit of self in the stomach. And the new device has been getting some solid backing on Twitter including from Def -- co-founder Russell Simmons and CNN's piers Morgan. Exactly them millennial. Your big economics that is GDP. Experts and I -- saying the economy should grow my measly eight tenths of a percent of what quarter mainly because of a slowdown in exports. I'll be the weakest reading since the start when he left. Don't expect much improvement and when he thirteen economy's growth might have been 2%. Because tax hikes and more government spending cuts according to time well. Catch us on Twitter at Reuters Insider and get more or videos at -- dot com slash Reuters TV. I'm Fred Katayama this is morning.
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