What to Watch Before the Bell Wednesday: Boeing, Nike and Coronavirus

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This morning, we’re diving into the coronavirus, Boeing  (BA) - Get Boeing Company Reportand Nike  (NKE) - Get NIKE, Inc. (NKE) Report.

Let’s Kick It Off With The Coronavirus

The virus has now claimed the lives of over 2,000 people.

And confirmed cases have surpassed 75,000. Outside of mainland China, there are now over 1,000 cases.

And, in the past week, Japan is quickly catching up to Singapore in the number of cases outside of China. Japan has nearly 70 confirmed cases of the virus.

However, due to the Diamond Princess, which was being held off of the coast of Japan, Japan has a total of 692 cases, most of those coming from passengers aboard the cruise ship.

South Korea confirmed 20 new cases Wednesday.

Hong Kong has confirmed another coronavirus case, bringing the total to 63. It also reported its second death from the virus.

And Then There’s Boeing

Boeing has ordered inspections of all of the undelivered 737 MAX planes after it found debris in the fuel tanks in some of the undelivered planes, which were being held in storage.

Around 400 planes will be inspected. The planes are stored in various locations.

However, Boeing has said that these inspections shouldn’t impact the MAX’s return to service.

And, Finally, An Executive Shakeup At Nike

Nike announced after the bell Tuesday night that it was shaking up some executives.

The company announced that Andy Campion, who has been CFO of the athletic apparel company since 2015, would be taking the helm as COO.

Matthew Friend will be taking over as CFO.

Friend and Campion will take over their new roles effective April 1.

Eric Sprunk, who has been Nike’s COO since 2013, will be leaving the company later this year.

The shake-ups come after John Donahue took over as CEO just last month. 

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