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The First Look - Adam Shapiro, Fox Business

Jan 18, 2013|

The First Look - Adam Shapiro, Fox Business

Transcript - will not be 100% accurate

I don't know by huge at night that I am not getting on a polling 787 for -- -- and a and an awful. Now especially one as headed to Japan. Lou we're we're joined by Adam Shapiro from our president and. You do you -- you are doing. Cool I live at the defiant one you know united I think they'll -- their pictures -- of them already they're grounded today yeah I wanna -- it. Yeah you wanna see catch fire down. High school it's what is it -- inning it -- -- the lithium battery these I I lithium batteries just don't work did. -- dissidents for the safety of your listeners I am not an electrical engineer and I can't buy it but I -- about battery is that I'm amazed that these things that power forever and then get back greens it's when you don't use them. When I read about it was that they're like five times the the the Boeing 787. Is using five times as much electricity meaning that they they're much more fuel efficient -- To use a cables and wires. To do things on the plane and now using electricity. And -- I'd say that. A fly by wire had a profit of our. I don't know but it might my understanding is it was more fuel efficient would be very nice jet. Getting composite material too much light of -- and if they have to replace that -- in my batteries we've. But they kept him that they did that different kind of batteries and more static kind of -- It's heavier. The heavier batteries which will cut down on the efficiency the aircraft which kind of goes against what we need to be built at that -- significant about it sped that -- made by Boeing -- made by company in Japan that has no comment Boeing issued -- statement by the way on all of this and you know -- state -- -- him. -- -- They came passengers and crew members who fly aboard Boeing airplanes is our highest priority we are confident. 787 is safe and we stand behind its overall integrity we will be taking every mysteries that in the coming days -- sure our customers and the traveling public. -- -- and they speak to return in the airplanes are. Because this this plane at their building the 787 dreamliner supposed to be a heck of a plane but they're not making any money on either got. -- -- But -- got talent it take before you know it it's no and I think truly understand especially people on Wall Street how airlines make money. Or -- Boeing makes money by the united 7:20 -- program to -- before. They turned a profit on that and with 747. But he could -- playing in the they get used several different life cycle and look at that haven't -- that. Although it if you float you is that that is seventy at their party and the 80900 here it's it's that you make a profit years now. Yeah that make it what did dad Boeing stock do as a result of this and what do you think it'll do today. Similar to that event in April of nineteen test well yesterday telling Boeing started -- got -- pulled up on -- -- -- by the way which is now operating like -- commodore 64 very slowly. They closed down yesterday obviously and you know bid ask price. -- Rico would toward opening bell has come up a bit but they're gonna open and bullets it's closed that you could. They could come back and remember it's not as if they can't fix that they've got to take this problem they they they put their whole future that this aircraft. And -- Is maybe it's a buying opportunity. Did you -- a buying opportunity I'm reluctant to ever tell people yeah but they should do or should not do I would be very careful -- I mean you'll look at. But kind of dividend -- right now but you know Boeing has been around a long time and I would bet they're going to be your problem. All right well in -- fact that you're willing to fly on one is fighting on -- list. If they're not used to restore speed of baker and drive them if that should tell you -- that's your risk taker. That's great placed on my XP for a cruiser. But I living Cleveland and yet I don't know I'm -- I'm not a sensible risk. I'm never getting in the car with you -- just got to put that out there. The caveat -- don't get a car on which I've worked. -- -- hit a car that's been done by a truck mechanic might episodes in Jewish mechanic at that the car out art lies and. You sound like you have similar technology skill. Felt. My grandfather who at a junkyard in Portland Maine would be quite ashamed that I have these wonderful abilities to destroy cars. Well I I hope he's listening today thanks Adam Baker. Adam -- Fox Business Network we want to know you know be the Big -- Politicians in general love to raise taxes and create new programs I think we all know that I'm not telling anything you're not aware. I think the approach should be let's cut wasteful government spending would use see out there in Massachusetts in terms of wasteful government spending so we can rebuild our highways rebuild the MBTA agree that needs to be done. But I do not want taxes to go up I think -- cut. Pensions for firefighters. Cops and teachers should get rid of these defined benefit pensions and to replace them with for a case CG two billion bucks a year just doing that. -- you think where do you think the cuts should be made. 68680. Is -- -- number.