Diamonds and Dogs
Good news, the CEO was fired. Boeing (BA) rose 2.9% as the CEO, Dennis Muilenburg is "stepping down" as the company is seeking to restore confidence after two fatal crashes forced the world's biggest plane maker to halt production of its best-selling 737 MAX jetliner. The Board of Directors decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and their stakeholders.
The force wasn't with Disney? Disney (DIS) fell 1.5% as the last installment for Star Wars only brought in $175 million domestically, $373 million worldwide. The last of nine episodes in the Star Wars saga received lackluster reviews, with an average score of 57% from 363 movie critics, according to movie-review aggregator Rotten Tomatoes. Disney will generate $10 billion in sales this year from their movies with seven movies making a billion dollars each including such names as Avengers: Endgame, The Lion King, Spider-Man: Far from Home, Captain Marvel, Frozen II, Toy Story 4, and Aladdin.
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