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Crash raises questions for Boeing; Tesla store switch; Fed chief preaches patience

https://www.cnn.com/2019/03/11/investing/premarket-stocks-trading/
See More From: cnn.com   ( Top Stories > Mainstream )

Mar 11, 2019 6:00 AM 1+ mon ago

6 things to know before the bell

London (CNN Business)1. Boeing crash raises questions: Shares in Boeing (BA) were poised to open sharply lower in New York after the second crash of a 737 MAX 8 in less than five months.

All 157 people on board a 737 MAX 8 operated by Ethiopian Airlines were killed when the plane crashed shortly after takeoff on Sunday. In October, a 737 MAX 8 flown by Lion Air went down off the coast of Indonesia.

Both the Ethiopian Airlines and Lion Air planes were brand-new aircraft. And both went down minutes into flight.

The crashes could result in major consequences for Boeing's 737 MAX 8 program and tarnish the US company's reputation for safety. Boeing stock was down 9% in premarket trade.

The Boeing 737 has been a workhorse on short- and medium-haul flights for decades. The 737 MAX is the latest version -- and the company's bestselling aircraft by far. Airlines ...

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