Boeing is Losing Clients Due to Several Flight Cancellations. Also, Another Stimulus Package Coming Soon and Ford Receives Money from the Government.

MARKET SYNOPSIS

When Boeing announced the 787 Dreamliner they were flying high, but after five flight test cancellation they have seen order cancellations and declining stocks. America needs another stimulus package, but all in due time. President Obama is waiting for the result of the impact the first stimulus package made, in order to make a smart decision for the second stimulus package. Ford Motors Co. finally gets a loan from the government, but it isn’t bailout money. Also, for 48 cents a day Americans can have more jobs and a greener U.S., what a bargain!

Two years past deadline, proves to be very hurtful for Boeing

Boeing 787 Dreamliner is the first innovative aircraft that is mostly made of composite materials. It will be more fuel efficient than any of the previous Boeing planes by 20%, and will carry more than 200 passengers. When Boeing first announced their 787 Dreamliner Aircraft they received several orders, however due to all the delays they have also seen many cancellation. Boeing is under a lot of pressure; they must move swiftly and make sure that their 787 Dreamliner is ready to launch soon or else they will see more cancellations. As a result their competitor Airbus is receiving an increase of orders for their aircrafts. Airbus is aiming to directly compete with the 787 Dreamliner with their aircraft A350. Airbus is expected to have their A350 plane to fly by 2013. However for now Boeing shares fell 6.46 percent to close at 43.87 dollars. Also as crude oil is making its way back to a high cost, as a result aviation shares are declining.

One more stimulus package

President Obama said that the U.S. does not need another stimulus package yet. Unemployment is already at 9.5 percent, the highest it has been sense 1984. Also, Foreclosure will reach almost 2 million by the end of this quarter, and yet we do not need another stimulus package. President Obama is not waiting for things to get worse in order to issue another stimulus package; instead he is waiting for the result of how effective the first stimulus package is. In addition, the economy is evolving and we need to wait to see how things turn out. What we do know is that the economy has lost 6 million jobs and prices of houses have gone down 26% since July 2006. Unfortunately, progress has not made the same impact as declines; but there is hope that the $787 billion stimulus bill, signed by President Obama in February, can hold down unemployment in the range of 8%.

Ford gets money from the Government

Ford Motor Co. did not receive bailout money, and they did not file for bankruptcy like their counterparts GM and Chrysler, but they are receiving $5.93 billion in loans to develop more fuel efficient cars. Other car companies that will also receive this loan, includes Nissan and Tesla Motors. Ford aims to be the driving leader in fuel efficient vehicles in the near future. Ford vision to become number one once again, is the competitive spirit America needs. In this tough economy a lot of companies are seeking to survive, but Ford is already planning ahead. They are going to retool 11 of their plants and expect to receive funds within the 35 days. As for Nissan they are planning to use their $1.6 billion loan to construct a plant, here in the U.S., which will focus on constructing electric vehicles. It is said that Nissan plant will hire up to 1,000 employees.

For 48 cents a day we could have more jobs and a greener America

President Obama wants congress to act promptly to the climate change bill. However, moving up the date to vote for the bill might result in a disappointment. Republicans are concern that if this bill passes, it will impose high cost to the average American families. Greenpeace said that the bill is not aggressive enough to cap emissions. Not to mention the Democrats from farm states, they are also opposing the bill. President Obama does not agree with opposition reasons, instead he feels that it will prove to be a great benefit to America. His bill will enable climate control from being a social issue to a profitable market. The non-partisan Congressional Budget Office released a cost analysis report, that this climate change bill will cost the average American household 48 cents a day or $175 by 2020. From here to Friday if President Obama wants his climate change bill, he must roll up his sleeves and pressure congress to pass this bill.

MARKET INDEXES

Dow Jones Industrial Average (.DJIA)	dropped   16.10	to close at	8,322.91
NASDAQ Industrial Average  (.NCOMP)	dropped   1.27	to close at	1,764.92
S&P 500 INDEX (.SPX )	dropped   2.06	to close at	895.10
Russell 3000	dropped   0.66	to close at	520.04
Dow Jones Wilshire 5000	dropped   9.60	to close at	9,139.20

MOST ACTIVE

TOP ADVANCERS

COMPANY	LAST SALE	CHANGE NET	VOLUME
MGRM	$4.52	2.84     169.05%	7,190,155
RJET	$6	1.90     46.34%	1,860,342
CWLZ	$2.9	.53       21.63%	3,100
OLP	$6.10	1.10     22.00%	159,368
HHGP	$2.09	.29       16.11%	135,768

TOP LOSERS

COMPANY	LAST SALE	CHANGE NET	VOLUME
TXICU	$6.19	1.72   21.75%	3,370
COBK	$7.40	1.92     20.60%	6,295
PCBC	$2.65	.66       19.94%	2,057,773
PGEPRB	$1.60	.40       19.80%	5,985
MCBI	$3.05	.64       17.34%	8,231