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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and the Boeing strike is finally over.

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00:00I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching
00:03on the street today. Stocks are in rally mode on this election Tuesday. October data from
00:09the Institute for Supply Management showed the massive services sector expanding for
00:13the fourth straight month. On the corporate front, AI software darling Palantir topped
00:19forecasts and boosted its full year outlook. In other news, the seven-week strike at Boeing
00:25is over and workers are expected to be back on the factory floor within 24 hours. A majority
00:31of the members of the International Association of Machinists voted to accept the deal, but
00:36at a much lower rate than the noes on the two previous votes. Nevertheless, this contract
00:43comes with a 13 percent raise right away, followed by a 9 percent raise for each of
00:48the next two years, and then a 7 percent raise for the final year of the contract. Add that
00:54all up and workers will get a total raise of 38 percent. In addition, workers get a
01:00$12,000 bonus. Some of that money can be put into their 401k accounts. The union did not
01:06get one of its big asks, the return of an old-school defined benefit retirement plan.
01:13The walkout by 33,000 machinists is likely one of the most expensive labor strikes in
01:18the U.S. in a quarter century, costing the economy $9.6 billion, according to the New
01:24York Times. Boeing CEO Kelley Ortberg is ready to move on to what's next, saying in
01:30a statement, quote, there is much work ahead to return to the excellence that made Boeing
01:35an iconic company. Top of the list? Fix the safety and quality control issues that have
01:40marred Boeing since deadly plane crashes in 2018 and 2019 and an incident in 2024 when
01:48a door panel blew off mid-flight. That'll do it for your daily briefing from the New
01:53York Stock Exchange. I'm Conway Giddens with the Street.

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