China Cuts Reserve Requirements while Alibaba Founders Buy Shares Amid Boeing's Ongoing 737 Max Crisis
• The People's Bank of China cut reserve requirements for banks by 50 basis points to boost the economy as growth slows.
• Alibaba co-founders Jack Ma and Joe Tsai reportedly acquired up to $200 million worth of BABA shares, possibly signaling confidence.
• Boeing CEO David Calhoun will meet with U.S. lawmakers this week to address safety and manufacturing concerns after issues with the 737 Max.
• United Airlines expects to post a Q1 loss due to delays with the Boeing 737 Max jets; CEO questions if Boeing can deliver planes safely.
• Boeing will hold a "Quality Stand Down" meeting in Renton, Washington to address ongoing 737 Max problems impacting airlines and customers.