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How the shutdown is affecting the economy

  • The National Retail Federation expects sales during the November-December holiday shopping period to increase 3.9% to $602.1B, with growth accelerating from 3.5% last year. However, says the NRF, a prolonged government shutdown could hurt consumer sentiment and harm sales.
  • Boeing (BA) has warned that deliveries of some jets could be postponed, as the FAA officials who need to approve the planes before they're handed over to customers have been furloughed. Airbus has already delayed the delivery of an A321 to JetBlue.
  • The closure is hurting small businesses that rely on federal agencies to operate or that were trying to secure government-backed loans.
  • How the shutdown is affecting United Technologies and USEC.
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Comments (3)
  • PeteCal
    , contributor
    Comments (90) | Send Message
    A necessary evil
    3 Oct 2013, 08:46 AM Reply Like
  • thomas85225
    , contributor
    Comments (563) | Send Message
    The slow should allow Boeing more time to inspected the 787's before it leave Everett alone with 787 that are being returning to Boeing for repair


    Norwegian Air Returns Broken Dreamliner to Boeing
    The Boeing Co. (BA) 787 Dreamliner has broken off and on since the aircraft maker began work on the plane over a decade ago. The most well-publicized recent problem involved batteries and caused the 787 to be pulled out of service worldwide. Finally, one of Boeing's customers has taken significant action. Norwegian Airlines returned a 787 to Boeing to be fixed. If other airlines follow, Boeing's problems with the plane, which it has downplayed with investors, could become a big deal with investors. It is already clear that Boeing's main competitor, Airbus, has tried to take advantage of the 787's trouble.


    Airline are now leasing Airbus A340


    It would not be surprising if Boeing runs into a mushrooming issue that could trigger a drop in share price.


    Budget airline Norwegian Air Shuttle is returning one of its brand new Dreamliners to Boeing, demanding repairs after the jet has suffered repeated breakdowns, it said on Saturday.


    Norwegian Air Shuttle will instead lease an Airbus A340 from HiFly to keep its long-haul business going and will not take back the Boeing 787 Dreamliner until it is more reliable, a spokesman said.


    "The aircraft's reliability is simply not acceptable, our passengers cannot live with this kind of performance," spokesman Lasse Sandaker-Nielsen told Reuters.


    "We are returning the aircraft to Boeing to improve its reliability."


    Based on Boeing's luck with the 787, it may find more problems that it can fix.


    Built to save airline fuel costs, particularly on long haul flights, and to give passengers a better flying experience, the 787 has turned out to be a lemon.


    Boeing is being sue over fault and misleading claims over the 787
    The complaint, filed in the Southern District of Illinois, charges Boeing and certain of its officers and directors with violations of the federal securities laws concerning false and misleading statements regarding the 787 Dreamliner.
    3 Oct 2013, 10:21 AM Reply Like
  • Rodney211
    , contributor
    Comments (18) | Send Message
    "Small businesses are hurting"....who writes this bunk? I am not missing camping or the Panda-Cam yet.
    3 Oct 2013, 10:46 AM Reply Like
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