These 7 Countries (Not US) Have Grounded 737 Max 8s Post Ethiopian Crash

Boeing has over 500 pending orders for the 737 Max 8s. The company is making the bulk of the profits from 737s. The October 2018 Indonesian crash raised serious questions on altitude-speed indicators and sensors. Now the Ethiopian crash that is strikingly similar to the Indonesian crash has landed Boeing in trouble.

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Several countries have started grounding the 737 Max 8s. However, FAA of the US still stands its ground declaring 737s Max 8s are flight-worthy. They are placing their confidence in the robust and elaborate testing that the plane went through.

Whether the crash was due to a faulty software/sensor or a human error, only time will tell. At least 7 countries are not willing to take any chances and have grounded the 737s. Below is the list for you.

  1. China was one of the first to ground. The country leads the list in the number of planes grounded. According to reports the dragon country has grounded about 100 planes.
  2. Indonesia has grounded the planes after commencing fresh investigations on the planes operated by two major carriers.
  3. Ethiopia, the country that suffered most in the latest crash, has halted the 737 Max 8 planes. The announcement says the planes have been grounded as a precaution.
  4. On March 12, Singapore joined the list of countries banning the Max planes. The country has barred any carrier from flying in or taking off from Singapore. The country has initiated a review process to check the safety risks of the planes.
  5. Australia has followed Singapore's path by barring entry and exit of the 737s into their Country.
  6. By the afternoon of March 12, UK announced it is banning the 737 Max 8s.
  7. Ireland is the latest addition to the countries list.

More countries have been joining the list as the week progresses. A preliminary investigation report sounds positive with regards to worthiness will hopefully reverse the situation. Let us wait and see.

This Is The Reason Why Pelosi Says She Will Not Impeach Trump

On Jan 3, 2019, history was created. Democrats had obtained a majority in the House after a long time (since 2011). Nancy Pelosi became the speaker. The newly found majority was a second consolation win for the Democrats. The first was the winning of Hilary in popularity votes by 3 million margins.

Since January, some Democratic representatives had started calling for the impeachment of Trump. However, the country had to wait for Nancy Pelosi to speak on the matter until yesterday, March 11. The reply was a part of Pelosi’s interview to The Washington Post.

When asked about Trump’s performance as president, the response was that one would expect from Pelosi. She said she doesn’t think Trump is fit intellectually, ethically or politically. But, the reply to the impeachment question surprised many.

What Did Pelosi Say

Pelosi stated that she is not for impeachment. The reason she indicated was such a move could divide the country. According to her, such a move is not worth the cost (of time and resources).

Her view is in lines with the sentiment reflected during a recent Iowa poll by Democratic caucus-goers. The majority were of the view that their presidential candidate should harness positive energy rather than getting indulged in negative things like anger on the current government.

NASDAQ: Top 5 Stocks That Grew Between 14% & 24% On Monday (Mar. 11, 2019)

Inspecting top gainers on a given day is not just an activity of day traders. Both medium and long term investors can learn from them. Every market reaction roots from an underlying cause. Studying the root cause of why a stock jumped so high on a given day will help medium and long term investors in identifying future stocks.

Below is the list of yesterday’s (March 11) top 5 stocks and their gain in percentages. Following the list, you find a brief analysis of industries that top gainers belonged to.

The order of the stocks is from number 5 to number 1. The topmost gainer will be the last in the list.

Number 5: Waitr Holdings Inc. (WTRH) Gained 14%

Number 4: Forterra, Inc. (FRTA) Gained 15.4%

Number 3: USA Technologies, Inc. (USAT) Gained 17.6%

Number 2: Tonix Pharmaceuticals Holding Corp. (TNXP) Gained 20.4%

Number 1: Seres Therapeutics, Inc. (MCRB) Gained 24.9%

Which Industries Do The Top Gainers Belong

The top two gainers belong to the pharma industry. The third-ranked USA Technologies specializes in POS or Point of Sale Software. The fourth one, Forterra is a leading manufacturer of water and drainage pipes. The fifth-ranked Waitr holdings is a food order-delivery platform.

This Tweet From Trump After Ethiopian Crash Sums The Problem With Today’s Planes

Countries across the globe have begun grounding the Max 8s. Each country is waiting for investigation reports on the cause of the crash. In the US, the FAA believes there is no reason to ground the planes. They appear confident of the elaborate testing that was conducted before certifying.

In the backdrop of serious questions on the safety of Max 8s, Trump has tweeted. In clear words, the tweet sums up the problem in today’s planes. A direct mentioning of the 737 Max 8s is not there. But one cannot deny the fact that the recent incident could have been the trigger for the tweet.

The tweet reads like this:

“Airplanes are becoming far too complex to fly. Pilots are no longer needed, but rather computer scientists from MIT. I see it all the time in many products. Always seeking to go one unnecessary step further, when often old and simpler is far better. Split second decisions are….”

The above message is an accurate reflection of machines taking control of what a man used to do well. Machines controlled by supercomputers are becoming the norm these days. The programmed machines offer little or no control to humans who are supposed to be operating those. A plane is a flying supercomputer with two human pilots who are idle most of the time. When they take control in case of emergencies, if the machine doesn’t cooperate, a crash is inevitable.

Till now, the investigation is not complete on the cause of the Ethiopian crash. But experts doubt the autopilot and sensors coupled with problems with manual control. In such a scenario, Trump’s tweet is thoroughly justified.