US grounds all 737 MAX 8 and MAX 9 planes

News

Trump makes the announcement

The US was in a tough spot after Canada grounded the planes earlier today. Some US routes fly in Canadian airspace so it created a headache. More importantly, a third 737 MAX going down in anyone’s country would devastate any politician who didn’t give the order.

Shares of Boeing fell to $367 from $374 on the news and hit a fresh six-week low.

Here is a somewhat related video:

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