braking news Boeing should be kicked out of the Dow
The document discusses the question of whether Boeing, an aircraft manufacturer, still belongs in the Dow Jones Industrial Average, a stock market index that represents 30 significant companies in the US economy. Boeing's inclusion has been questioned due to its recent struggles, including safety issues, financial losses, and a declining credit rating. The document highlights that the Dow, originally established during the Industrial Revolution, has evolved to reflect changes in the US economy, with companies from manufacturing sectors being replaced by those from information, services, and technology.
Boeing should be kicked out of the Dow
Boeing should be kicked out of the Dow
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00:00Hey, good to see you the English News TV.
00:15The document discusses the question of whether Boeing, an aircraft manufacturer, still belongs
00:22in the Dow Jones Industrial Average, a stock market index that represents 30 significant
00:28companies in the U.S. economy.
00:30Boeing's inclusion has been questioned due to its recent struggles, including safety
00:35issues, financial losses, and a declining credit rating.
00:39The document highlights that the Dow, originally established during the Industrial Revolution,
00:45has evolved to reflect changes in the U.S. economy, with companies from manufacturing
00:50sectors being replaced by those from information, services, and technology.
00:56Boeing has faced numerous problems, including a door blowing off an Alaska Airlines plane,
01:02which led to civil investigations and revelations of a company culture prioritizing profitability
01:08over safety.
01:10These issues have resulted in a significant drop in Boeing's share price and have raised
01:15concerns about its viability in the Dow.
01:18The document suggests that other aerospace companies, such as Lockheed and GE Aerospace,
01:24might be more suitable for inclusion in the index.
01:27It also indicates that the selection committee for the Dow has shown a preference for technology-focused
01:32companies, as seen with the addition of Salesforce and the removal of ExxonMobil.
01:38The document concludes by suggesting that Boeing's presence in the Dow may be reconsidered,
01:44with the possibility of it being replaced by companies like Tesla.
01:48It also notes that ExxonMobil has performed well after its removal from the Dow, implying
01:54that exclusion from the index does not necessarily signal a company's demise.