Suspended

[The beef 675] [I'm an image] “SHUT IT DOWN!” - Jeff, imitating Jon Taffer [Read The Beef Online - Click Here]( Hey there carnivores, Markets rose again yesterday. #santaclausrallly Today we’re discussing Boeing FINALLY shutting down production of the 737 Max. Keep raging, Jeff & Jason [Image] [I'm an image] Suspended It’s been a rough year for Boeing and its big ol’ MAX airliner. The plane was grounded globally in March after crashing twice within the span of 5 months, claiming a combined 346 lives. Since then, Boeing cut its production of the model to 42 planes per month. And yesterday it announced the suspension of the production altogether come January. “Wait, they were still manufacturing this plane?” - the collective public of planet earth. If and when the airliner receives regulatory approval to take flight again, which at the earliest would be February, Boeing [would re-focus]( on delivering the backlog of 400 finished jets before trying to produce and fill the 4,545 MAX orders that exist today. This news comes less than a week after regulators warned Boeing of unrealistic expectations for the plane to return to service. Boeing and the FAA suggested the jet could fly in November or December, which, as you can clearly tell by my writing this newsletter, has not happened. Impact This news doesn’t just suck for Boeing though. [It will affect]( the thousands of jobs related to over 600 suppliers within the global MAX supply chain. The US economy will feel the pain too, as Boeing is the largest US manufacturing exporter and one of the country’s largest employers. As for workers at Boeing, the company has stated that miraculously, it doesn’t expect the layoffs and will instead reassign the 12k works at the 737 assembly plant in Washington state… for now. The bottom line... Shares fell 4.29% during trading and an additional 0.55% after-hours. The good news? This move [should halve]( the $4.4B spent each quarter to produce and store the grounded jets, but will likely inflate costs over time by spreading the fixed expenses over fewer planes. The aircraft creator has set aside nearly $10B to cover higher production costs and compensation. According to Luke Tilley, chief economist at Wilmington Trust, ceasing production of the MAX a quarter will shave 0.3% from the quarterly annualized GDP growth in the US. Woof. [I'm an image] Warren Buffett (ever heard of him?) has this to say about investing… “Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett If you’re ready to get greedy, join Jason for his [Smoke Signals event](on Thursday, December 19th at noon EST. JB will give the 411 on how to identify stocks that are heading south… and how to profit handsomely from a company’s free-fall. [RESERVE YOUR SPOT NOW]( [I'm an image] ☑️ Unsubscribe. Roku’s CFO is checking out other streaming options. Steve Louden announced Monday that he’d be [stepping down]( after helping to hire his successor. On the news, Roku stock dropped 3% after hours. It’s not all bad though, as the company is still up 352% on the year. ☑️ Across the pond. Netflix is proof that study abroad is good for more than sorority girls taking Insta pics and drinking rosè. On Monday, the streaming service publicized new metrics that show rapidly expanding growth overseas, in an effort to dissuade Wall St. from focusing on US growth, which as of late has been hard to come by. Paging Disney+. Netflix has reportedly more than doubled its users in Europe, the Middle East, and Africa since 2017. Shares are still [down 16%]( from July... but have you seen "The Irishman"? ☑️ Going green. DJ D-Sol is going beyond removing plastic straws from drinks at his shows. Goldman Sachs is pushing to spend [more than $750B]( on sustainable finance projects over the next 10 years, while also implementing stricter lending strategies for companies that specialize in the production of fossil fuels. David Solomon wrote on Sunday that he wanted to focus on carbon reduction that can be “tracked over time.” The firm went on to announce that it would pass on any project that “directly supports new upstream Arctic oil exploration or development.” Looks like the Alaskan Bush People will have to find new investors. ☑️ Habana, oooh nah nah. Intel is pushing deeper into the AI market with its purchase of Israel-based Habana Labs. The firm announced a more than [$2B deal]( for the Israeli startup on Monday in a move to bolster its data centers. Before this deal, Intel said it plans to generate almost $3.5B in sales related to AI this year. So it’s safe to say that Intel will be the teacher’s pet when the machines finally take over. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. 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