3 days Ago
JHVEPhoto/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify South Korea to inspect Boeing 737-800s after deadly crash. (00:27) Snow Lake Resources drops, prices $15 million offering . (01:59) "Sonic the Hedgehog 3," "Mufasa" dominate Christmas weekend box office.
(02:35) This is an abridged transcript of the podcast. We begin with an update on a story we brought you Sunday here on Wall Street Lunch with Kim Khan. Boeing is down 4.
5% in premarket action following a plane crash in South Korea that killed 179 people. Two people survived. South Korea's Transport Ministry said Monday it plans to conduct safety inspections of all 101 Boeing 737-800 jetliners operated by the country’s airlines as well as a broader review into safety standards at Jeju Air, which operates 39 of those planes.
Many people worry how effectively the South Korean government will handle the disaster as it grapples with a leadership vacuum following the recent successive impeachments of President Yoon Suk Yeol and Prime Minister Han Duck-soo, the country’s top two officials. The Boeing 737-800 plane operated by South Korean budget airline Jeju Air aborted its first landing attempt for reasons that aren’t immediately clear. Then, during its second landing attempt, it received a bird strike warning from the ground control center before its pilot issued a distress signal.
The plane landed without its front landing gear deployed, overshot the runway, slammed into a concrete fence and burst into a fireball. Ministry officials also said they will look into whether the Muan airport’s localizer — a concrete fence housing a set of antennas designed to guide aircraft safely during landings — should have been made with lighter materials that would break more easily upon impact. Snow Lake Resources (NASDAQ: LITM ), doing business as Snow Lake Energy priced a public offering of 18.
75M shares at a public offering price of $0.80 per share. All of the shares in the offering are being offered by the company.
Total gross proceeds are expected to be approximately $15M . The offering is expected to close on Tuesday, December 31. Net proceeds will be primarily used for working capital and general corporate purposes.
Snow Lake Resources is down 33% in premarket action. “Sonic the Hedgehog 3” and “Mufasa” dominated the Christmas weekend box office, according to studio estimates released Sunday. Paramount’s “Sonic” earned $38M, edging out Disney’s “Mufasa” haul of $37.
1M. However, since Chrstimas was on Wednesday, the studios will also look at the five-day results. Since Christmas Day, “Mufasa” made $63.
8M while “Sonic” took in $60.4M. What’s Trending on Seeking Alpha: Top 10 REITs heading into 2025 Google CEO asks employees to brace for challenging 2025 What to watch out for in 2025 (including a rate hike) - Apollo's Slok Now let’s take a look at the markets as of 6 am.
Ahead of the opening bell today, Dow, S&P and Nasdaq futures are in the red. Crude oil is down 0.1% at $70barrel.
Bitcoin is down 1.5% at $93,000. In the world markets, the FTSE 100 is down 0.
2% and the DAX is down 0.2%. On today’s economic calendar: 10:00 am Pending Home Sales Index Editor's Note: This article covers one or more microcap stocks.
Please be aware of the risks associated with these stocks..
