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Qantas Cancels $8.5B Order After Reporting Annual Loss

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  • Description

    FBN's Adam Shapiro breaks down mid-afternoon market news.

  • Duration 0:58
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Insurance.

And Adam Shapiro here Fox Business -- the bears continue to claw their way down on Wall Street with the blue chips on track -- their longest losing streak in three weeks.

An unexpected rise in jobless claims as well as fading expectations the Federal Reserve.

We'll provide swift stimulus action are -- the markets right now the Dow is down 123 points.

Qantas Airways has canceled its eight point five billion dollar order for Boeing 787 dreamliner is after reporting its first annual loss.

In nearly two decades.

It's the largest cancellation for the 787 program dealing another blow to Boeing following lengthy delays to roll out the fuel efficient aircraft.

Fixed mortgage rates climbed for a -- Straight week remaining slightly above record lows according to Freddie Mac the average rate on a thirty year mortgages now three point 66%.

That's the latest from the Fox Business Network giving you the --

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