Boeing's turnaround plan is something any business can relate to: focus on the culture and the work

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In today's large story, Boeing's caller CEO has large plans for nan company's turnaround, including executives rolling up their sleeves.

What's connected deck:

• Markets: Breaking down immoderate theories astir what's motivating nan Trump "whale" successful nan betting markets.
• Tech: Tesla trounced Wall Street's Q3 net expectations.
• Business: McDonald's E. coli outbreak has a cardinal quality from nan 1 that plagued Chipotle successful 2015.

But first, let's get this formation backmost connected track.

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The large story

Boeing's comeback pitch

Boeing's caller CEO is looking to navigate a turnaround that includes rethinking nan aerospace giant's culture.

Boeing reported a $6.1 cardinal nonaccomplishment successful nan 3rd quarter, nan latest sound for a institution that's faced changeless setbacks this year, writes Business Insider's Pete Syme.

But caller CEO Kelly Ortberg has immoderate ideas for really to hole Boeing's "festering of issues." In a memo to employees, he detailed a four-part plan for really Boeing tin regain its spot arsenic an "iconic institution and aerospace leader," BI's Benjamin Zhang reports.

You mightiness deliberation a astir $100 cardinal institution that builds airplanes needs a circumstantial solution. But astatine its core, Ortberg's scheme is thing immoderate business tin appreciate: attraction connected nan civilization and nan activity being done.

For Boeing that intends putting executives connected mill floors pinch nan dream it will reside safety, communication, and worker spot issues, writes BI's Taylor Rains.

Whether you're making sandwiches aliases 737s, having a front-row spot to really nan activity is being done often provides a amended position of a company's inefficiencies than immoderate boardroom can.

Of course, Boeing's problem's are slightly more analyzable than perfecting a BLT.

Just a fewer days into 2024, a Boeing 737 Max suffered a blowout incident that tanked nan company's banal and drew nan attraction of Congress. Since then, it has besides been dealing pinch a costly onslaught and a struggling abstraction program.

Plenty of business turnarounds see talking to those successful nan heavy of it.

Starbucks' caller CEO Brian Niccol, who is trying to extremity nan java chain's income slide, is looking to baristas for help.

He mentioned fixing immoderate of nan biggest problems Starbucks' "green-apron partners" person flagged to executives, for illustration devising a better measurement to negociate mobile orders.

The effort to get nonstop feedback from nan group doing nan activity is evident successful Big Tech, too. The "year of efficiency" has go much of an era arsenic tech giants for illustration Meta and Amazon proceed to flatten their organizations.

Those efforts person downsides, though. Tech giants' attraction connected nan activity has meant a dependable watercourse of layoffs arsenic they support removing layers. The extremity consequence could person an effect connected morale.

News brief

Top headlines

• Boeing workers reject nan company's latest proposal, which included a 35% costs hike.
• WPP's erstwhile dealmaker is joining finance slope Canaccord Genuity — a motion advertizing M&A could power up.
• This staid package institution is kicking butt successful AI. The CEO explains how.
• The US is facing a drugstore graveyard arsenic stores close. Filling nan leftover spaces is nan adjacent challenge.
• The CEO of Perplexity said nan AI-powered hunt motor isn't trying to switch nan news.
• Americans are quitting their jobs astatine nan lowest complaint successful years. It's making it harder to get raises and promotions.
• Life aft Intel: After rounds of layoffs and buyouts, immoderate Intel insiders are abandoning nan firm grind altogether.

3 things successful markets

1. What's going connected pinch nan "whale" betting connected a Trump win? Here are immoderate theories. Someone has stake astir $46 cardinal connected erstwhile President Donald Trump reclaiming nan White House connected Polymarket. Political and betting-market commentators person speculated it's either an power campaign, a pump-and-dump scheme, or simply a bullish position connected Trump's prospects adjacent month.

   2. Whether it's Trump aliases Harris, Steve Schwarzman isn't worried astir a post-election recession. The billionaire Blackstone CEO has publically backed nan erstwhile president, but he doesn't spot Vice President Kamala Harris winning arsenic a recession risk. "The system is beautiful beardown and some of nan candidates keep mentioning a batch of stimulative policies," Schwarzman said.

   3. Apple banal dips connected reports of dimming request for nan caller iPhone. Apple banal dropped arsenic overmuch arsenic 3% connected Wednesday aft expert Ming-Chi Kuo of TF International Securities said Tim Cook's institution trim orders by 10 cardinal units. Kuo besides saw "no evidence" AI features were boosting demand. Meanwhile, nan accumulation of nan Vision Pro is reportedly successful flux.

3 things successful tech

1. Introducing AI's powerfulness players. Now successful its 2nd year, Business Insider's 2024 AI Power database maps retired who wields existent powerfulness successful artificial intelligence and instrumentality learning. This year's database honors people hoping to effect alteration and lick problems crossed nan industry, from Groq CEO Jonathan Ross to Google DeepMind COO Lila Ibrahim.

   2. Tesla did amended than expected successful Q3. The electrical carmaker reported net per stock of $0.62 — a large hit complete analysts expectations of $0.51. It besides announced the Cybertruck turned a profit, marking a awesome triumph for Elon Musk arsenic he enters nan electrical pickup market. Analysts saw nan latest numbers arsenic a clear motion that Tesla shouldn't neglect its roots.

   3. A prohibition connected personage jet-tracking isn't a bad idea. But Meta still has immoderate explaining to do. This week, nan institution suspended Threads accounts that shared formation information of figures for illustration Taylor Swift and Donald Trump, citing information concerns. That seems reasonable, but it doesn't explicate why Meta chose to hold until now to use nan three-year-old recommendation.

3 things successful business

1. Millennials are making a monolithic financial mistake. If you came of property against a backdrop of 2 awesome crises, you mightiness beryllium near a small much risk-averse successful your investments. But sitting connected your rate will travel backmost to wound you successful nan agelong run.
2. McDonald's doesn't deliberation its E. coli outbreak will beryllium for illustration Chipotle's successful 2015. Execs said Chipotle's cases progressive nan handling and mentation of nutrient while McDonald's outbreak was related to perchance contaminated ingredients from a supplier. But that hasn't stopped victims of nan caller outbreak from getting fresh to writer nan Golden Arches.
3. Hollywood's prima is fading. Los Angeles is losing crushed arsenic nan halfway of nan movie industry, arsenic nan precocious costs of surviving and labour drives intermezo jobs to different locales. New York isn't doing excessively good either — nan country's No. 2 intermezo occupation marketplace besides saw its stock of jobs dip. The industry's halfway of gravity appears to beryllium shifting south.

What's happening today

• Southwest Airlines, Barclays, Capital One, and different companies study earnings.
• G20 finance ministers and cardinal slope governors meet.

The Insider Today team: Dan DeFrancesco, lawman editor and anchor, successful New York. Jordan Parker Erb, editor, successful New York. Hallam Bullock, elder editor, successful London. Milan Sehmbi, fellow, successful London. Amanda Yen, fellow, successful New York.