Boeing stocks tumbled Tuesday after president-elect Donald Trump tweeted about canceling a $4bn Air Force One order. But it was a typical Trumpism: the number is plucked out of nowhere, and Boeing was forced to publicize the fact it's only got the U.S. Government on the hook for $170m, and that the two planes, if ordered, would be $850m each.
“The plane is totally out of control. It’s going to be over $4 billion for Air Force One program and I think it’s ridiculous," he said. "I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money.”
The president-elect's most recent financial disclosure form, filed in May and detailing his 2015 holdings, showed that the Manhattan billionaire owned between $50,001 and $100,000 worth of stock in Boeing, a purchase he announced on Twitter in 2013. Jason Miller, a spokesman for Trump, said Tuesday morning that Trump sold all of his stocks last June.
Miller added that the exact details of Trump's desire to cancel the Boeing order would be dealt with after he is inaugurated next month.
Boeing's stocks rebounded later in the morning as it became apparent Trump was saying untrue things.
(Maybe he doesn't want to fly on it. Same as not wanting to live in the White House.)
California and 23 other states are suing to stop the Trump administration’s shocking legal reversal of states’ authority to set their own rules on climate-warming tailpipe emissions.
How ‘high crimes and misdemeanors’ can it get?
Number of days since the Trump administration has done something performatively homophobic or transphobic? Zero.
If you’ve worked in any high-performing engineering lab, you already know about MATLAB. This computing environment and the language that powers it is perfectly suited to science and math, with an interface that makes it easy to express and visualize complex algorithms – not to mention an infrastructure that lets it easily work with other […]
Studies have shown cannabidiol (more popularly known as CBD) to be effective in two main areas: Pain relief and stress relief. Both of those make the non-psychoactive, cannabis-derived compound a natural for topical creams. There’s no shortage of CBD products out there, but here’s eight of our favorites, all specifically designed for dermatological use – […]
If you’re part of the maker community, you know Make:. Though Make: magazine is off the shelves as of this year, the eBooks and resources put out by Maker Media are still a fantastic resource for the new generation of tinkerers, hackers, and robotics geeks. If you’re in that tribe, listen up: they’ve released a […]