Wall Street Breakfast American Airlines jet, Army helicopter collide near Reagan
Jan 30, 2025
A tragic midair collision between an American Airlines jet and a Black Hawk helicopter highlights serious safety concerns. Meanwhile, Nissan is making job cuts and restructuring due to disappointing sales. Toyota remains a top contender in the automotive market, despite facing its own challenges. Additionally, discussions about the Federal Reserve's influence on the market and high-stakes bidding for TikTok by major players add intrigue to the evolving landscape of tech and finance.
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Plane and Helicopter Collision
- An American Airlines regional jet collided with a U.S. Army Black Hawk helicopter near Reagan National Airport.
- Dozens are feared dead after the midair collision and subsequent crash into the Potomac River.
Nissan Cuts Production
- Nissan Motor is cutting production and shifts in the U.S. to reduce costs.
- The company is offering buyouts and reducing shifts at its Smyrna and Canton plants.
Toyota Remains Top Seller
- Despite lower sales, Toyota remains the top-selling automaker for the fifth consecutive year.
- Lower sales in Japan were offset by record overseas sales, particularly in North America.