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A federal appeals court ruled Friday that a Mississippi law allowing mail-in ballots to be counted if they are postmarked before Election Day — but received up to five days after Election Day — is pre-empted by federal law. It does, however, pave the way for a possible challenge that could go up to the U.S. Supreme Court, which could have ramifications for states that do allow ballots postmarked before Election Day to be counted. The appeals court ruling says that no such ballots should be counted. "Federal law requires voters to take timely steps to vote by Election Day. And federal law does not permit the State of Mississippi to extend the period for voting by one day, five days, or 100 days," the ruling said.
Persons: , Trump, James Ho, Kyle Duncan, Andrew Oldham, Rick Hasen, ” Hasen, , , Michael Whatley Organizations: U.S, Circuit, Supreme, statutorily, District of Columbia, University of California, Democracy, NBC, Mississippi, Republican National Committee, RNC Locations: Mississippi, Los Angeles
A World Series matchup for the ages is set to begin. The teams haven’t met in the World Series since 1981, and there are a host of other benchmarks that make this series extra exciting. Sports reporter Rohan Nadkarni explains the significance of this year’s Fall Classic and what to watch for:⚾ What makes the 2024 World Series so exciting? “Nevada” by YoungBoy Never Broke AgainRead more about the 2024 World Series. The report coincidentally comes on the eve of the World Series, one of the biggest sporting events in the U.S.
Persons: Donald Trump, Trump, Chelsea Stahl, Jeff Vega, Brandy Zadrozny, ➡️ Trump, Hitler, Jack Smith, Gen, Harris, Kamala Harris, Barack Obama, Bruce Springsteen, Beyoncé, ➡️ Harris, Harris ’, ➡️ Tim Sheehy, It’ll, Mike Johnson, , haven’t, Rohan Nadkarni, It’s, Ohtani, Aaron Judge, Mookie Betts, Freddie Freeman, Juan Soto, Giancarlo Stanton, ostseason, ames, S. Organizations: NBC, Trump, Election, Republicans, ➡️, Republican, Navy, Los Angeles Dodgers, New York Yankees, American League, National League, Dodgers, Yankees, New, Los Angeles Locations: Michigan, Wisconsin, U.S, Arizona, Nevada, Trump’s, Atlanta, Houston, Montana, New York, ely
Jones died of leukemia at a hospital in Rancho Mirage, Calif., his wife of 15 years, Eleanora Jones, said. Jones had hits on Billboard’s Hot 100 chart, but his highest chart numbers could be found on what was then known as the easy listening chart, which later became adult contemporary. 1 singles with “The Race is On” in 1965, “The Impossible Dream (The Quest)” in 1966 and “Lady” in 1967. 6 on the easy listening chart and No. Besides Jones’ wife, his survivors include daughters Crystal Jones and Nicole Ramasco, stepdaughters Nicole Whitty and Colette Peters, and three grandchildren.
Persons: Jack Jones, Jones, Eleanora Jones, , ” —, Stephen Holden, Frank Sinatra, — Jones, Will Friedwald, ” Jones, , — Sammy Cahn, Jimmy Van Heusen, Cole Porter, Harold Arlen, Michel LeGrand, Alan, Marilyn Bergman, Gerry Mulligan, Buddy Rich, Count Basie, didn’t, David O, Russell’s, Cy Coleman, Irene Harvey, Allen Jones, Marx, Jeanette McDonald, Nelson Eddy, You’re, Nancy Sinatra, Frank Sinatra’s, “ Lollipops, , Burt Bacharach, Hal David, Cécile, Jones ’, Tony Bennett, Times ’ Holden, “ Mr, , Holden, Mark Murphy, Jones’s, Eleanora Jung, Jill St, John, Crystal Jones, Nicole Ramasco, stepdaughters Nicole Whitty, Colette Peters Organizations: Rancho Mirage, Calif, , New York Times, ABC, Street, Opera, MGM, University High School, Capitol Records, Kapp Records, U.S . Air Force Reserve, Las Vegas, Algonquin Hotel, Times, Hollywood Locations: Rancho, America, British, La Mancha, West Los Angeles, Coachella, Palm Springs
Former hedge funder David McCormick has narrowed the gap in a closely watched US Senate race. McCormick's Wall Street allies are among the biggest donors to a pro-McCormick super PAC. Jeff Yass is among the big names making a final splash before Election Day. According to a pro-McCormick super PAC's final pre-election filing, Yass donated $1 million over the course of two donations earlier this month. He's not the biggest megadonor with Wall Street ties.
Persons: David McCormick, Jeff Yass, , Dave McCormick, McCormick, Sen, Bob Casey, Joe Manchin, He's, Ken Griffin, Thomas Peterffy, Paul Tudor Jones, Stephen Schwarzman, Casey, Donald Trump, Trump Organizations: McCormick, Service, Susquehanna International Group, Wall Street titans, Bridgewater Associates, Democrat, Republicans, GOP, Citadel, Interactive, Keystone, The Washington Post, Trump, Biden Locations: West Virginia, Yass, Pennsylvania, China
My husband and I appeared on an episode of HGTV's "House Hunters International" in 2023. I was surprised by how long the pre-production process was and how many takes some scenes took. Here are five things that surprised me most about the filming process. Filming was done out of orderTo create a 30-minute episode, my husband and I filmed for four days. Filming was a lot of funOne of the best parts of the filming process was sharing our love story on camera.
Persons: , I've, we'll Organizations: Service, Facebook, HGTV Locations: Europe, Germany
The Basketball 100 The story of the greatest players in NBA history. In 100 riveting profiles, top basketball writers justify their selections and uncover the history of the NBA in the process. I had the Most Improved Player (Maxey), but none of the other 13 players who received votes made my list. Zion Williamson, PF/C, New OrleansThis one is a pure eye-test call: Williamson finished last season playing the best basketball of his career. (Photo of Anthony Davis and Zion Williamson: Tyler Kaufman / Getty Images)
Persons: Tyrese Maxey, wasn’t, James Harden, Maxey, — I’ll, Anthony Edwards, Chet Holmgren, Scottie Barnes, Charlotte’s Mark Williams, Davis, He’s, LeBron James ’, Anthony Davis, Dyson Daniels, Daniels, Zion Williamson, Williamson, Zion, Amen Thompson, Thompson, Josh Giddey, Chicago Giddy, he’s, Jalen Williams, Williams, it’s, RJ Barrett, Barrett, Tre Mann, Miles McBride, John Jones, Charlotte Mann, Mann, Charlotte’s, there’s, Julian Strawther, Denver I’m, Nuggets hadn’t, Kentavious Caldwell, Cam Thomas, Brooklyn I’m, Thomas, Dennis Schröder’s, Thomas ’, Powell, Norm, , Leonard, Russell Westbrook, Paul George, Harden, he’ll, Zach Harper, Tyler Kaufman Organizations: Philadelphia 76ers, NBA, Minnesota Timberwolves, Lakers, Denver Nuggets, Davis, SG, Hawks, Pelicans, Houston, League, Chicago, New Orleans, Thunder, Bulls, Oklahoma, Raptors, Knicks, USA, Hornets, Denver, Nuggets, Nets, Brooklyn, Clippers, The Athletic Locations: Atlanta, New Orleans, PF, positionless, Houston, Wembymania, Chicago, Oklahoma City, SF, Toronto, Canada, New York, Gonzaga, Brooklyn, playmaking, Phoenix
Watch and get the facts about the US population and how America lives. I am Steve Ballmer, I spent 34 years growing Microsoft, 10 years owning the LA Clippers basketball team. For men, that's actually a six percentage point increase since 1960, but the share of young women living at home is up 20 percentage points. Let's look at six different groups of people based upon Census Bureau data. First, let's look at people who identify as white, but not Hispanic.
Persons: Steve Ballmer, USAFacts, That's, that's, I've Organizations: Insider Studios, Watch, LA Clippers, Census Bureau, US Census Bureau, Seattle, Medicare Locations: America, United States, Russia, China, Brazil, Canada, Texas, New York, North Dakota
The Pre-Market Rundown 2: October 25, 2024
  + stars: | 2024-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Investors will contend with earnings results from five of the Magnificent Seven companies next week. .SPX 1M mountain S & P 500 "I sort of refer to this period that we're in right now as like a strange brew," said Mark Malek, investment chief at Siebert. On Friday, the Nasdaq Composite hit an all-time high , but the S & P 500 snapped a six-week win streak. In fact, the high concentration of the mega-cap leaders in the S & P 500 spurred Goldman Sachs' David Kostin this month to release a dim long-term forecast for the overall market. HSBC head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900.
Persons: Mark Malek, Siebert, Goldman Sachs, David Kostin, Siebert's Malek, they've, Nicole Inui, Inui, D.R Horton, Price, Eli Lilly, Lauder Organizations: Microsoft, Meta, Apple, Nasdaq, U.S, Treasury, Big Tech, HSBC, FactSet, Richmond Fed, Dallas Fed, Ford, Semiconductor, Caesars Entertainment, Devices, Pfizer, Royal Caribbean Group, PayPal, ADP, Kraft Heinz, Caterpillar, GE Healthcare Technologies, Holdings, ECI Civilian Workers, PCE, PCE Deflator, Chicago PMI, Cruise Line Holdings, Uber Technologies, Lauder Companies, Mastercard, Generac, Jobs, PMI, Manufacturing, Exxon Mobil Locations: U.S, Chicago
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Carahsoft, George Kurtz, We'll, Stanley Black, Decker, Eli Lilly, Eaton, Brian Niccol's, It's, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Communication, Newmont Corporation, Nucor, Universal Health Services, HCA Healthcare, Bloomberg, Carahsoft Technology, Internal Revenue Service, IRS, Bloomberg News, Microsoft, Club, Nvidia, Devices, GE Healthcare, Nextracker, Linde, Coterra Energy, Starbucks, Federal, Boeing, Jim Cramer's Charitable Locations: U.S, China
On Thursday, Spirit Airlines unveiled plans to cut costs and raise cash amid bankruptcy reports. Its stock rose after it said it would sell $519 million of Airbus jets and cut staff. AdvertisementSpirit Airlines' woes are growing more apparent as it works to raise cash by selling planes and cutting staff. AdvertisementIn a Thursday regulatory filing, Spirit said that it had agreed to sell 23 Airbus planes to GAT Telesis — a firm that specializes in aircraft maintenance, leasing, and selling parts. The airline's stock rose around 12% in pre-market trading Friday, suggesting Spirit may have found a route to avoid bankruptcy.
Persons: , Spirit, GAT Telesis Organizations: Spirit Airlines, Airbus, JetBlue, Service, Airlines, Street, Frontier, Pratt & Whitney, Spirit, Business Locations: Delta
CNN —Costco is recalling smoked salmon products over possible listeria contamination. There have been at least 10 reported deaths and 59 hospitalizations across 19 states due to the listeria outbreak, according to the CDC. In October, there have multiple instances of recalls like Costco’s salmon products due to potential listeria contamination, according to the FDA, which tracks public announcements. While the recalls come on the heels of the Boar’s Head listeria outbreak and McDonald’s E. coli outbreak, experts told CNN that an increase in recalls over potential contamination isn’t necessarily cause for concern. On October 24, the FDA announced a recall of chicken taco kits produced by Sprouts Farmers Markets over potential listeria contamination.
Persons: Salmon, Costco’s, Francisco Diez, Gonzalez, BrucePac, Diez, , ” Diez, “ It’s, bode Organizations: CNN, Costco, US Center, Disease Controls, Kirkland, Acme, Fish Corp, CDC, listeria, US Food and Drug Administration, FDA, Center for Food Safety, University of Georgia, Farmers, Treehouse Foods, Target, Walmart, US Department of Agriculture, Consumers Locations: Virginia
A report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Longer flights require more fuel, which make flights more expensive. "Indeed U.S. carriers are making hard but very commercial decisions to drop Chinese services and redeploy the aircraft elsewhere," he said. China airlines' struggleLow demand has also plagued domestic airlines in China. Collectively, Chinese airlines have increased capacity to Europe, compared to pre-pandemic, even though the market and trade flows were much stronger then, said Grant.
Persons: Nicola Economou, John Grant, Grant, It's, Finnair, bauer, haven't Organizations: FIA, FI, British Airlines, Qantas, Nurphoto, Getty, Virgin Atlantic, Scandinavian Airlines, Boeing, OAG, EU, Aaronp, Cape Town, U.S, CNBC, Air China Locations: China, Asia, Hong Kong, Ukraine, United Kingdom, Russia, — Tokyo, Shanghai, Seoul, Bangkok, Delhi, Singapore, Thailand, Beijing, Cape, Sydney, Australia's, Melbourne, Brisbane, Perth, Hong Kong . U.S, Russian, U.S, Europe, Frankfurt
Tim Cook's path to becoming Apple's CEO started with an unglamorous job: waking up at 3 a.m. to deliver newspapers. Cook, now 63, started working at a young age, just 12 years old, to begin saving money, he told The Wall Street Journal on Sunday. "Throwing papers helped start my college education," said Cook, who became the first member of his family to attend college. DON'T MISS: The ultimate guide to negotiating a higher salaryAs a pre-teen, Cook found a job delivering the Mobile Press Register newspaper to start putting away money. "Everybody was expected to work in my family," said Cook, who described his daily routine at the time: "I'd get up at about 3 in the morning, pick up the stack of papers and start throwing.
Persons: Tim Cook's, Cook, Cook doesn't Organizations: Wall, Apple, The Washington, Mobile Press Register Locations: Robertsdale , Alabama
CNN —Former Abercrombie & Fitch CEO Michael Jeffries pleaded not guilty to a 16-count indictment at his arraignment in a New York federal court on Friday. Jacobson was employed by Jeffries and Smith to recruit, interview and hire men to perform commercial sex acts for Jeffries and Smith, according to the indictment. His attorneys did not comment as they left the courtroom, and Jeffries is due back in court on December 12. Jefferies stepped down as CEO of Abercrombie & Fitch in December 2014, having run the company since 1992. “As we shared when the accusations were first made public in October 2023, we are appalled and disgusted by the alleged behavior of Mr. Jeffries, whose employment with Abercrombie & Fitch Co. ended nearly ten years ago,” Abercrombie & Fitch said in a statement Wednesday.
Persons: Michael Jeffries, Jeffries, He’s, Matthew Smith, , Smith, James Jacobson, Jacobson, Jefferies, ” Abercrombie, Fitch, Gingras, Kara Scannell, Laura Dolan, John Towfighi Organizations: CNN, Abercrombie, Fitch, , Eastern, of, Abercrombie & Fitch, Abercrombie & Fitch Co Locations: New York, New York City, Long, Florida, Peace, of New York, West Palm Beach , Florida, Rice Lake , Wisconsin
One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. Millions of dollars lostEach bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar. Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.
Persons: Sanjay Lazar, Hilmi Tunahan, , Kinjarapu Ram Mohan Naidu, Lazar, , There’s, Naidu, , ” Lazar, Prakash Singh, pranksters, we’ve Organizations: New, New Delhi CNN, IndiGo Airlines, Akasa Airlines, SpiceJet, Alliance Air, India, Air India, Passengers, Vistara Airlines, Getty Images Police, Twitter, Police, Civil Aviation, Authorities, Indira Gandhi International, Bloomberg, Getty, CNN, Ministry of Civil Aviation Locations: New Delhi, New York, Chicago, Singapore, , India, Turkey, Germany, Erzurum, Anadolu, Mumbai
The S & P 500 is down 0.9% week to date, on pace to snap a six-week advance. There may be more turbulence next week as the election draws closer, but history shows all is not lost for the market. The week of the election itself, the broad market index has seen a median gain of 0.56%. In 2020, the S & P 500 dropped 5.6% the week before the election, then rallied 7.3% the week of the vote. Elsewhere on Wall Street this morning, KeyBanc downgraded Apple to underweight, citing concerns around the company's iPhone sales.
Persons: Kamala Harris, Donald Trump, Harris, Trump, KeyBanc Organizations: U.S, CNBC, America Economic Survey, CNBC Pro, Apple
Robert Roberson, 57, was set to become the first person in the U.S. executed in a "shaken baby" case until members of the state House Criminal Jurisprudence Committee issued a subpoena to have him testify at a legislative hearing this week. Despite efforts by the attorney general's office to appeal, as the execution was scheduled to get underway on the evening of Oct. 17, the Texas Supreme Court, in an 11th-hour decision, sided with the lawmakers, handing Roberson a temporary reprieve. Texas Attorney General Ken Paxton during the annual Conservative Political Action Conference meeting in National Harbor, Md., on Feb. 23. The attorney general's office also described alleged sexual abuse. The attorney general's office said Wednesday that state lawmakers have "attempted to mislead the public by falsely claiming that Roberson was unfairly convicted through 'junk science' concerning 'shaken baby syndrome.'"
Persons: Ken Paxton, Robert Roberson, Roberson, Paxton, Nikki, Mandel Ngan, Paxton's, Doug Deason, Greg Abbott, Joe Moody, untruths, general's, Robert, Brian Wharton, Wharton, Gretchen Sween Organizations: Texas Supreme, Conservative Political, Getty, Texas GOP, Gov Locations: Texas, U.S, National Harbor, Md, AFP
Garland — who oversaw the Justice Department in the wake of its biggest crisis since Watergate, when Trump tried to enlist Justice Department appointees to overturn his election loss — is likely to stay on at least long enough to ensure a smooth transition. Still, a few names have surfaced for the position of 87th attorney general of the United States. Roy Cooper, who was on Harris' vice presidential short list; former Associate Attorney General Vanita Gupta, who served as the No. 3 official at the Justice Department until earlier this year; and U.S. Attorney for the Southern District of New York Damian Williams. 3 position at the Justice Department.
Persons: WASHINGTON — Kamala Harris’s, Donald Trump, Harris, General Merrick Garland, Jack Smith, Garland, Joe Biden’s, Garland —, Trump, , Roy Cooper, Vanita Gupta, Damian Williams ., Damian Williams . North Carolina Governor Roy Cooper, Elizabeth Frantz, Sen, Catherine Cortez Masto, Cortez Masto, , ” Cooper, Cooper, Harris ’, Andrade, Rhoades, Gupta, Barack Obama’s, Grover Norquist, Williams, Bob Menendez, Eric Adams, Sean, Diddy, Combs, cryptocurrency, Sam Bankman, Jeffrey Epstein, Ghislaine Maxwell, Damian Williams, Eduardo Munoz, Tony West, ” Trump, , Trump’s Organizations: Justice Department, U.S . Capitol, Trump, NBC, North Carolina Gov, U.S, Attorney, Southern, of, Damian Williams . North Carolina Governor, Senate, Republican, NBC News, Democratic, Convention, Bloomberg, Getty, American Civil Liberties Union, Justice Department's Civil, Division, Major Cities Chiefs Association, International Association of Chiefs, Police, Fraternal, of Police, Tax, Black U.S, “ Sovereign, Democratic New York City, Department, DOJ, Capitol Locations: United States, American, of New York, Detroit, Philadelphia
Former President Donald Trump said Thursday that, if elected to a second term in November, he would immediately fire special counsel Jack Smith, who brought two federal indictments against Trump. "It's so easy — I would fire him within two seconds," said Trump, who added that he got “immunity at the Supreme Court" and called Smith a "crooked person." Firing him as special counsel potentially could end the federal government's prosecution against Trump. Judge Tanya Chutkan allowed the release of hundreds of pages of heavily redacted documents last week that contained evidence the special counsel was using for the prosecution. Last year, Trump warned that Smith and other Justice Department officials would wind up in a mental institution if he's re-elected.
Persons: Donald Trump, Jack Smith, Hugh Hewitt, Trump, Smith, doesn't, Smith's, Tanya Chutkan, he's, Adam Schiff Organizations: Trump . Conservative, Department of Justice, Trump, Washington , D.C, White, Democratic, Republican Locations: Florida, Washington ,
The final pre-election edition of the closely watched monthly jobs report is set to be published Nov. 1, four days ahead of Election Day. All eyes are now on a handful of states expected to see razor-thin vote margins, likely to be determined by a small but crucial pool of persuadable voters. The exact impact on the jobs report is unclear. The strike, which kicked off in September, has coincided with layoff notices sent to 17,000 workers in Boeing's commercial aviation division. While the Keystone State's unemployment rate climbed by a tenth of a percentage point compared with the September 2023 figure, its latest reading, at 3.4%, marked two straight years below 4%.
Persons: Milton —, Boeing machinists, Goldman Sachs, , Goldman, Helene, Trump Organizations: Boeing, of Labor Statistics, Nomura Holdings, Nomura, BLS, Electoral College, Keystone, Democratic, Republican Locations: U.S, Milton, North Carolina, Georgia, Arizona, Wisconsin, Pennsylvania
If you’re in a similar situation, you can peruse my list of the best gifts for someone you don’t know. SKIP AHEAD The best gifts for someone you don’t know in 2024 | Why trust NBC Select? Stationery sets and notebooks are some of our go-to items when it comes to buying gifts for someone you don’t know. One of the best gifts I’ve ever received is this reusable water bottle from Hydro Flask. I’m an associate reporter covering skin care and hair care and frequently write about new products for NBC Select.
Persons: I’ve, , Rebecca Rodriguez, “ I’ve, I’m, Zoe Malin, Lindsay Schneider, Malin, , that’s, terry, Frank Stella, Schneider, Goetz, They’re, Le Creuset, Le, Cory Fernandez, Mili Godio, wicks, Fernandez, TikTok Organizations: NBC, Le, Stationery, Nordstrom, Facebook, Twitter
Audience members watch as Vice President Kamala Harris participates in a CNN Presidential Town Hall in Delaware County, Pennsylvania, on October 23. (Trump was invited but declined to participate in a CNN town hall.) … We don’t even know the people they are talking about,” Thistle told CNN’s John King after the town hall. Her performance at the town hall again showed that she’s not a natural politician. Vice President Kamala Harris speaks to voters after the town hall.
Persons: CNN —, Kamala Harris, Donald Trump, persuadable, Harris, Biden, John Kelly, Adolf Hitler, , ” Harris, ” Trump, ” It’s, , Trump, Rebecca Wright, Pam Thistle, trashing, CNN’s John King, that’s, King they’d, Harris —, ’ ” Harris, Anderson, hadn’t, Joe Biden, , she’s, Cooper, Bret Baier, he’s, Nikki Haley — Organizations: CNN, Democratic, White House, Trump, Justice Department, CNN Presidential Town Hall, Republican, trashing Trump, ” Thistle, Fox News, South Carolina Gov Locations: Washington, Delaware County , Pennsylvania, Philadelphia, Gaza, United States, American, Trump
The Pre-Market Rundown: October 24, 2024
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.
Persons: Kelly Ortberg, , Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest
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