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Market Chatter: Boeing Expected to Have Substantial China Orders, Treasury Secretary Bessent Says

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Boeing (BA) is expected to be awarded large aircraft orders during the current diplomatic summit in China, CNBC reported Thursday, citing an interview with US Treasury Secretary Scott Bessent.

These purchase commitments represent a primary economic goal for the visit, and are intended to help balance the trade relationship through increased domestic manufacturing exports, the news outlet quoted Bessent as saying.

The administration is prioritizing these deliverables to stabilize the financial connection between the two countries, the news outlet reported.

Shares of the company were down 3.7% in Thursday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $231.53, Change: $-9.07, Percent Change: -3.77%

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