late on sunday the us national transportation safety board or ntsb confirmed the part had been found by a member of the public in his backyard in portland. i am excited to announce that we have found the door plug. thank you, bob. i will not give you bob s last name, but bob contacted us at witness@ntsb.gov with two photos of the door plug and said he found it in his back yard. it s the latest controversy to affect the boeing 737 max airliner, since it was launched back in 2015. 189 people died when a 737 max operated by indonesia s lion air, crashed into the java sea in october 2018 13 minutes after take off. then in march 2019 a 737 max operated by ethiopian air went down 6 minutes after take off from addis abbaba killing all 157 people on board. the jet was grounded worldwide for 20 months. a us investigation found boeing had failed in its design and development of the max. us aviation regulators were also criticised. our business correspondent, theo leggett, has b
emperor, one of the greatest players of all time stop tributes are flooding in for him at the moment. here s someone who has the unusual accolade of winning a cup as both player and manager. accolade of winning a cup as both playerand manager. news accolade of winning a cup as both player and manager. newsjust coming in that germany s franz beckenbauer, has died at the age of 78. we will bring you more on that and bring you more tributes as they come into us. for the momentjust bringing that sad news for you. let s get a quick look at the business news. we start with boeing shares in the us aircraft giant have sunk almost 9% wiping nearly $13 billion off its stock market value after the grounding of some of its 737 max planes on safety concerns. a door panel or plug on an alaskan airlines 737 max nine blew out mid flight over the us state of oregon on friday forcing the jet to make an emergency landing. there were no major injuries among the 177 people on board. late on sun
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is heating up. Sales have been falling and so has its stock. It up. Sales have been falling and so has its stock. So h
Senator Tammy Duckworth, who chairs an aviation subcommittee, noted the exemption Boeing had sought "involves an anti-ice system that can overheat and cause the engine nacelle to break apart and fall off