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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Boeing can’t catch a break.

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Transcript
00:00I'm Conway Giddens reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04The economy added 227,000 jobs in November, which was slightly ahead of forecast.
00:10The unemployment rate rose to 4.2 percent.
00:13Meanwhile, average hourly earnings were up 4 percent from a year ago.
00:17All said, this report points to a labor market that continues to slow enough to suggest the
00:23Federal Reserve can cut interest rates at its December meeting.
00:28In other business news, a federal judge has rejected Boeing's offer to accept responsibility
00:33surrounding one of the plane maker's darkest chapters in history.
00:38Boeing was all set to plead guilty to misleading the Federal Aviation Administration before
00:43the two deadly 737 MAX plane crashes in 2018 and 2019.
00:49Judge Reed O'Connor knocked down the plea agreement because he was not pleased with
00:53the selection process for an independent monitor.
00:56The chosen person would be responsible for overseeing Boeing's safety and quality progress.
01:02The original plea agreement would have given that responsibility to the Department of Justice,
01:07but the judge said, quote, at this point, the public interest requires the court to
01:11step in.
01:13Marginalizing the court in the selection and monitoring of the independent monitor, as
01:18the plea agreement does, undermines public confidence in Boeing's probation.
01:24The judge pointed to a January incident where a door on a 737 MAX flew off mid-flight as
01:29a sign the DOJ was not up to the job.
01:33As part of the now-rejected agreement, Boeing was to plead guilty to one charge of conspiracy
01:38to defraud the United States.
01:40The agreement came with fines totaling $487 million.
01:44Families of the crash victims criticized the plea deal, saying Boeing can afford to pay
01:50nearly $25 billion.
01:53That will do it for your daily briefing from the New York Stock Exchange.
01:56I'm Conway Gittens with the Street.

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