Core Viewpoint - Boeing announced a $4.9 billion accounting charge and delayed the first delivery of its 777X jet, indicating a long recovery path despite rising aircraft deliveries boosting cash flow [1] Financial Performance - Boeing reported a third-quarter loss of $7.47 per share, worse than the expected loss of $4.44, with revenue of $23.27 billion, exceeding the market average expectation of $22.3 billion [1] - The company generated $238 million in free cash flow, marking the first positive cash flow since the end of 2023 [1][2] - Boeing delivered 160 aircraft in the quarter, the highest since 2018, with a 10% increase in 737 production rate approved by regulators [2] 777X Program Challenges - Boeing has accumulated nearly $16 billion in charges related to the 777X program, which has faced a seven-year delay due to stringent regulatory scrutiny [1][3] - The 777X project is in a "long-term loss" state, requiring the company to immediately account for any additional abnormal costs and overruns [3] - The delivery of the 777X is now planned for 2027, with ongoing delays attributed to new certification processes and testing phases [3][4] Management Insights - CEO Dave Calhoun emphasized the need for a more confident plan to stabilize the company amid ongoing challenges [1] - Analysts noted that while Boeing's overall recovery appears intact, there are concerns about the supply chain and the impact of a prolonged strike at the St. Louis factory on the defense sector [2]

Market Overview - US stock index futures are all up, with Nasdaq futures rising by 0.45%, S&P 500 futures up by 0.28%, and Dow futures increasing by 0.23% [1] - Major European stock indices are collectively rising, with Germany's DAX index up by 0.13%, UK's FTSE 100 up by 0.9%, France's CAC index up by 0.06%, and the Euro Stoxx 50 index up by 0.48% [1] - The Federal Reserve is expected to announce a 25 basis point rate cut, lowering the federal funds rate target range to 3.75%-4% [1] Company Insights - Wells Fargo predicts a comprehensive rally in US stocks by year-end, setting a target of 7100 points for the S&P 500 [2] - Nvidia's CEO Jensen Huang refuted AI bubble claims, stating that the Blackwell and Rubin chips will generate $500 billion in revenue; he also announced the launch of NVQLink technology and a partnership with the US Department of Energy to build the largest AI supercomputer in the US [2] - US President Trump indicated a potential discussion with China regarding Nvidia's Blackwell chip [3] - Tesla's chairman stated that if the compensation plan is not approved leading to Musk's resignation, the company is prepared to appoint a new CEO from within [4] - US RF chip manufacturers Skyworks and Qorvo have reached a merger agreement, with the new company valued at $22 billion [5] - Uber plans to expand its fleet of self-driving taxis supported by Nvidia technology to 100,000 vehicles starting in 2027 [6] - GlobalFoundries plans to invest €1.1 billion to expand its factory capacity in Germany, aiming to produce over 1 million wafers annually [7] - NASA and Lockheed Martin's experimental quiet supersonic aircraft X-59 has completed its first flight [8] Financial Performance - Glencore reported a 17% decline in copper production for the first three quarters of the year and tightened its guidance for 2025 [9] - Boeing's Q3 revenue reached $23.27 billion, with adjusted free cash flow of $238 million, both exceeding expectations; the launch of the 777X jet has been delayed to 2027 [9] - UBS reported Q3 revenue of $12.76 billion and a pre-tax profit of $2.82 billion, both surpassing expectations; the company plans to repurchase $3 billion in stock this year [9] - Caterpillar's Q3 revenue increased by 10% year-on-year to $16.7 billion, with adjusted earnings per share of $4.95 exceeding expectations [10] - Visa's Q4 revenue was $10.7 billion, with adjusted earnings per share of $2.98, both exceeding expectations [11] - Deutsche Bank reported Q3 total revenue of €8.04 billion and a net profit of €1.56 billion, both exceeding expectations [12] - GlaxoSmithKline turned a profit in Q3, recording a net profit of £2.01 billion and raising its full-year revenue growth guidance [13] - Electronic Arts reported Q2 revenue of $1.84 billion, which was below expectations, with net profit halving to $137 million [14]