Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Boeing 737 MAX. Mustafa Yalcin/Anadolu Agency/Getty Images

Following 2 fatal crashes in less than 6 months, the FAA said it will issue an emergency order temporarily banning Boeing 737 MAX series aircraft from flying in the U.S., or entering its airspace.

Why it matters: The action is a retreat from the FAA's previous strategy of reaffirming the safety of the new aircraft, even as airlines and aviation regulators from dozens of countries, including Canada and the European Union, went ahead and grounded their fleets. The FAA has not grounded a new aircraft type since the Boeing 787 had a series of non-fatal lithium ion battery fires in 2013.

  • “The safety of the American people, of all people, is our paramount concern,” Trump said in advance of the ban, telling reporters the ban would be "until further notice."

A ban would affect 3 U.S. airlines that operate these aircraft: United, American and Southwest Airlines.

Details: In a statement, the FAA said it made the decision as a result of "new evidence" from the Ethiopian Airlines crash that was analyzed today.

"This evidence, together with newly refined satellite data available to FAA today, led to this decision," the FAA stated.

"The grounding will remain in effect pending further investigation, including examination of information from the aircraft's flight data recorders and cockpit voice recorders," the FAA said, declining to speculate how long the grounding will last.

FAA Administrator Daniel Elwell said "Since this accident occurred we were resolute that we would not take action until we had data," adding, "That data coalesced today ... added fidelity — missing pieces that we did not have prior to to today."

Boeing released a statement saying it remains confident in the aircraft's safety, but that it recommends a temporary suspension of operations of the global fleet of 737 MAX aircraft.

“We are supporting this proactive step out of an abundance of caution. We are doing everything we can to understand the cause of the accidents in partnership with the investigators, deploy safety enhancements and help ensure this does not happen again.”
— Boeing CEO Dennis Muilenburg

Between the lines: A suspected cause of the Lion Air crash in Indonesia on Oct. 29 is a malfunction with an automated system Boeing installed to prevent a dangerous flight condition known as a stall.

  • The system, called the maneuvering characteristics augmentation system, or MCAS, appeared to activate based on faulty readings from a flight sensor, pushing the plane's nose down repeatedly as the pilots struggled to regain control.
  • Investigators are looking to see if the Ethiopian crash, which also took place shortly after takeoff, was caused by the same system.

Read the FAA's emergency order:

Go deeper

Updated 11 mins ago - Politics & Policy

Gunman kills 8 people in shooting at FedEx facility in Indianapolis

A screenshot of the Indianapolis Metropolitan Police Department spokesperson Genae Cook during a news conference Friday morning. Photo: Indianapolis Metropolitan Police Department/Facebook

A gunman opened fire at a FedEx warehouse facility in Indianapolis late Thursday, killing at least eight people and wounding multiple others, authorities said.

Details: "The alleged shooter has taken his own life here at the scene," Indianapolis Metropolitan Police Department spokesperson Genae Cook said during a news conference early Friday.

Dems race to address, preempt stimulus fraud claims

Illustration: Aïda Amer/Axios

Biden officials are working to root out the systematic fraud in unemployment and Paycheck Protection Program claims that plagued the Trump administration’s efforts to boost the economy with coronavirus relief money, Gene Sperling told House committee chairmen privately this week.

Why it matters: President Biden just signed another $1.9 trillion of aid into law, with Sperling tapped to oversee its implementation. And the administration is asking Congress to approve another $2.2 trillion for the first phase of an infrastructure package.

8 hours ago - Politics & Policy

Scoop: Biden close to picking Nick Burns as China ambassador

Nicholas Burns. Photo: Alex Wong/Getty Images

Nicholas Burns, a career diplomat, is in the final stages of vetting to serve as President Biden’s ambassador to China, people familiar with the matter tell Axios.

Why it matters: Across the administration, there's a consensus the U.S. relationship with China will be the most critical — and consequential — of Biden's presidency. From trade to Taiwan, the stakes are high. Burns could be among the first batch of diplomatic nominees announced in the coming weeks.