1) Boeing aircraft has released its second quarter delivery numbers and they are not good for the worlds second largest aircraft maker. For the second quarter, Boeing delivered a total of 20 commercial jets, which is down 78% from the 90 aircraft a year ago. This drop is primary from the effects of the coronavirus pandemic. This year, Boeing has delivered 70 commercial airplanes compared to 239 in the first half of 2019. The up side for Boeing is deliveries for military aircraft is up from last year. With the pandemic and the 737 MAX problems, Boeing’s stock is down 46% from last year.
2) There are four types of banking accounts to choose from. 1) Checking accounts- Easy access to your money, allowing you to deposit and withdraw money as often as you want. Great for keeping cash for every day use. 2) Savings accounts- For parking your money that you don’t want to spend right away, allows making interest on your money. Can have restrictions on number of times you can withdraw money. 3) Money market accounts- Combination of a checking and savings account. Higher interest rate but requires some minimum balance. 4) CDs- Certificates of Deposits where you invest your money for a certain period of time at a fixed interest rate with a minimum of risk.
3) With demands for $15 an hour wages for fast food workers coupled with political support from the Democrats to mandate that by law, the fast food restaurants immediately started looking for technologies to reduce their work force and consequently the cost impact of higher wages. A big step in automation is being made by White Castle, the maker of sliders or a brand of small size hamburgers. The robotic manufacture Miso robotics, who makes the robot Flippy, which cooks and prepares hamburgers automatically. The work of automating is governed on having a system that is comparable with present White Castle kitchens and Miso’s robot on a Rail seems to fit the bill.
4) Stock market closings for – 14 JUL 20:
Dow 26,642.59 up 556.79
Nasdaq 10,488.58 up 97.73
S&P 500 3,197.52 up 42.30
10 Year Yield: down at 0.62%
Oil: up at $40.44