U.S. President Donald Trump has no position on Boeing Co's grounded 737 Max aircraft except that the plane's flaws must be fixed if the company wants to win U.S. approval to fly it again, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
"There's no question they've limited competition," Mnuchin said.
Alphabet sometimes assists the Department of Defense "and I think Google is an American company that wants to help out the U.S.," Mnuchin says.
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U.S. stocks fell on Wednesday after bleak earnings from industrial bellwethers Caterpillar and Boeing exacerbated concerns of a slowing global economy that have roiled financial markets this year.
Boeing Co posted its largest-ever quarterly loss on Wednesday, diving nearly $3 billion into the red as it wrestles with a longer-than-expected grounding of its best-selling 737 MAX.
Shares of the company dropped more than 16% and hit a new 52-week low.
While paying in cash avoids the cost of borrowing, it could affect other parts of your finances, depending on how you secure the money.
GlaxoSmithKline beat second quarter profit expectations with the help of strong demand for its shingles vaccine, prompting the British drugmaker to forecast a smaller fall in profit this year than originally anticipated.
"There's no question they've limited competition," Mnuchin said.
Wall Street analysts remain bullish heading into Facebook's earnings report on Wednesday after the close.
U.S. stocks were mixed on Wednesday as a series of disappointing earnings reports damped investor optimism over the prospect of a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low amid soft economic data.
United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.
Oil prices rose 1% on Wednesday, supported by a sharp fall in U.S. crude stocks and tensions over Iran, but concern about global oil demand capped further gains.
BMW Group said on Wednesday it would double its production capacity for electric vehicle batteries at its U.S. plant in South Carolina as it ramps up manufacturing of plug-in hybrid vehicles to include the X3 vehicle in addition to the X5.