S&P cuts Boeing's credit rating on weaker cash flows

CNBC's Phil LeBeau reports that S&P has cut Boeing's credit rating to 'BBB' on weaker cash flows. With CNBC's Brian Sullivan and Fast Money trader Tim Seymour.



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[jeffheinzel]

100 billion in stock buy backs yet they want a bailout

[davy]

I will forever remember when CNBC had a panel on, talking about where a buying price for Boeing would be good. A woman on the panel said, "Maybe $300." They laughed. And here we are today.

[johnl.]

The previous share buybacks not looking so great anymore

[TakaG]

Yeah naw, the military loves their aircraft, Boeing is safe.

[fcceznr]

Who the hell is ordering planes? If anything we have too many planes

[SpitOnYourPalm]

"The market wasn't paying attention to what made sense on the way up." I agree.

[soulmate]

People can go to jail for insider trading but stock buy back to push up the value of your stock is legal. Can someone explain this

[xrtjrp-ixrb]

One grade above junk status... thx Shil... droppin’ it like it’s hot...

[twany]

He's the same one that was telling everyone it was a good buy a few months ago... Now look.

[runeaanderaa]

It is obvious that these analysts have vested a lot of pristige in predicting that the economy will grow into heaven. Boing was already struggeling, and there is no chance it will survive without a massive bailout.

[jameswang]

Tim not directly answering the question: is BA a buying opportunity or not? Can people imaging AirBus being the only aircraft company in the world?

[SabbathSOG]

Make no sense that gold is going down. But it's going down because people have margin calls and they need to sell their gold to cover their loans that they took out. Once that's done gold will go for the roof.

[eddywinata]

pre corona, they burn rate for cash is around 375 million per month last year. current cash position is good for another year or two with that rate. last year they also were still producing max which I believe has already been stop.

[serverok]

This is why Buffet keeps 150 Billion under his pillow

[landlord]

Imagine most of peoples credit rating will be cut...

[hansolo]

Boeing had to compensate the airlines. I would like to hear CNBC comment on Boeing's suppliers, they are hurting big time. They were geared to make 52 ship set per month for years to come.

[douglei]

Bail out ok, only if they fire everyone on the top.

[itrthho]

If they get a bailout...needs to be banned from stock buybacks

[joec.]

Just bought 100 shares at @ $100. I'll keep it for at least 5 years. Hope it flies!

[wm]

I feel that a Brian has upped his game recently.