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

Category

🥇
Sports
Transcript
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.

Recommended

1:13
I
Up next
Sneak Peek at the Next Episode of CBS’ NCIS
FanReviews
1:25
Get a Glimpse at the Next Episode of CBS’ Poppa’s House
FanReviews
0:42
Netflix Drops Official Trailer for When the Phone Rings
FanReviews
1:30
Is This The Real Life Mother of Dragons in Spain?
Buzz60
2:05
Boeing strike to continue after union rejects latest offer
The Street
1:53
What makes Palantir so appealing
The Street
0:55
How either candidate will impact markets
The Street
0:42
Nintendo Lowers Switch Sales Forecast as Demand Declines for Aging Console
Benzinga
0:39
Canadian Port Strike Halts $800M in Daily Trade, Impacting U.S. Imports
Benzinga
0:35
Restaurant Brands Q3 Earnings Miss Wall Street Estimates. Burger King, Firehouse Subs, And Popeyes See Sales Declines
Benzinga
2:10
TGI Fridays files for Chapter 11 bankruptcy
The Street
2:08
New 401(k) and IRA contribution limits announced
The Street
2:22
New car prices are up 21% over the last five years
The Street
4:46
How to be a better communicator
The Street
2:01
Boeing increases offer to striking workers
The Street
1:58
32,000 Boeing employees may go on strike
The Street
2:01
Boeing withdraws pay raise offer to striking workers
The Street
1:57
Boeing implements hiring freeze amid strike
The Street
1:59
33,000 Boeing workers hit the picket lines
The Street
2:00
Port strike over as workers agree to new deal
The Street
1:43
Boeing pleads guilty to defrauding the FAA
The Street
1:54
Boeing to borrow $10 billion and raise an additional $25 billion
The Street
1:55
Boeing could lose billions due to ongoing strike
The Street
2:01
Big corporations will increase pay by almost 4% in 2025
The Street
1:53
More affluent Americans are living paycheck to paycheck
The Street