Tesla Drops Again After Earnings, Should It Still Be In The Magnificent 7? 1/24/24
Jan 25, 2024
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The podcast discusses Tesla's recent earnings and the debate surrounding its inclusion in the Magnificent 7 tech stocks. It also covers other topics such as IBM's transition to software and consulting, Nikki Haley's loss in New Hampshire and potential backers, and the FAA's announcement regarding grounded Boeing 737 max 9 planes.
Boeing's grounded 737 Max 9 planes can resume operations following FAA approval, while production expansion for Boeing 737 Max jet has been halted, raising concerns about future production plans.
The decline of local journalism continues as California bill proposes payment for journalist content on social media, but faces resistance from tech giants and limitations on effectiveness.
Deep dives
Return of Boeing 737 Max 9 planes after inspection
The FAA announced that airlines can begin bringing grounded Boeing 737 Max 9 planes back into service after a thorough inspection. United and Alaska Airlines hope to have some of these planes flying again starting as early as Sunday. This is positive news for the airlines, as they can resume operations with these planes. Meanwhile, the FAA has also halted production expansion for the Boeing 737 Max jet, which is a setback for Boeing. It remains to be seen how this will affect Boeing's future production plans.
Financial support for local journalism
The decline of local journalism is a growing concern, as layoffs and cuts to newsrooms continue. A California bill aims to address this issue by proposing that social media companies pay journalists for the use of their content on social media platforms. However, while the bill attempts to support local journalism, it is unlikely to pass due to resistance from tech giants and limitations in its effectiveness. The decline of local journalism can have broader consequences, including increased corruption and a lack of coverage for important national stories.
Microsoft's rise to a three trillion dollar market cap
Microsoft briefly crossed into the three trillion dollar market cap range, joining Apple as the only company to reach this milestone. Microsoft's success can be attributed to its focus on being a platform company, providing products like Excel and platforms like Azure and AI. This approach allows other companies to build products and services using Microsoft's infrastructure. Microsoft's ability to stay focused on its core mission and its emphasis on platform-building have contributed to its remarkable growth.
Challenges and advice for Boeing CEO Dave Calhoun
Boeing CEO Dave Calhoun faces significant challenges in turning around the company. To address these challenges, Calhoun should focus on several key areas. Firstly, he needs to improve accountability and quality control within the company, ensuring that production errors and supply chain management issues are resolved. Additionally, he should consider diversifying the supply chain to reduce dependency and vulnerability. Lastly, Calhoun must address governance issues and ensure that the board is effective in overseeing operations and decision-making. These measures can help Boeing regain stability and competitiveness in the aerospace industry.