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☆ Fmr. United Airlines CEO Oscar Munoz weighs in on impact of Boeing strike
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. United Airlines CEO Oscar Munoz weighs in on impact of Boeing strikeOscar Munoz, Former United Airlines CEO, joins 'Closing Bell Overtime' to talk the Boeing strike and its impact on the company.

Persons: Oscar Munoz Organizations: United Airlines, Boeing, Former United Airlines CEO

☆ Boeing strike 2024: IAM union members set to strike early Friday after vote against proposed deal
▼ + stars: | 2024-09-13 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

New York CNN —Union members at Boeing overwhelmingly rejected a proposed a four-year contract with the troubled aircraft manufacturer, authorizing the first strike at the company in 16 years, said the International Association of Machinist (IAM) union. It also increased job security for union members, because Boeing promised to build its next commercial jet, which has yet to be announced, at a unionized plant. But 95% of members of the IAM union voted against the deal. In a separate vote 96% voted to authorize a strike, easily clearing the two-thirds threshold needed to approve a walkout. Boeing has nearly 150,000 US employees, including the 33,000 IAM union members.

Persons: ”, Jon Holden, Kelly Ortberg, “, Max, Holden, we’ve Organizations: New, New York CNN — Union, Boeing, International Association of, IAM, Alaska Airlines, Federal Aviation Administration, US Justice Department Locations: New York, Alaska

☆ Pilots who came within 150 feet of a crash in Austin share how they averted disaster
▼ + stars: | 2024-09-13 | by ( Pete Muntean | Marnie Hunter | ) edition.cnn.com time to read: +5 min

The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. On Thursday, another near-miss was added to the list when an Alaska Airlines plane and a Southwest plane nearly collided in Nashville. In some cases, hero pilots such as Bradeen and Carvajal have kept collision courses from turning deadly. But about three miles out from landing, they grew uneasy when an air traffic controller cleared the Southwest flight to take off in front of them. The pilots’ awareness was heightened, but Bradeen said he didn’t realize a collision was imminent until about 100 or 150 feet away.

Persons: they’re, “, ’, Robert Bradeen, CNN’s Pete Muntean, ” Bradeen, Captain Hugo Carvajal, Rob’s –, ‘, ’ ” Carvajal, Carvajal, Hugo Carvajal, Bradeen, they’ve, Hugo, ”, didn’t, Jason Ambrosi, Austin, Jennifer Homendy, we’re Organizations: CNN, FedEx, Bergstrom International, Southwest Airlines, National Transportation Safety, National Transportation, Alaska Airlines, Southwest Boeing, NTSB, FedEx Boeing, Southwest, Air Line Pilots Association, FAA Locations: Austin, Alaska, Nashville, Memphis

☆ Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.

Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, —, Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, —, Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China

☆ Boeing warns strike will 'jeopardize' recovery, hurt aircraft production
▼ + stars: | 2024-09-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. Boeing CFO Brian West said a labor strike that began Friday will hurt aircraft deliveries and "jeopardize" the company's recovery, hours after factory workers overwhelmingly rejected a new labor contract and walked off the job. West said the financial impact of the strike will depend on how long it lasts, but that it will affect the company's production of its bestselling planes. Jefferies aerospace analyst Sheila Kahyaoglu had previously estimated that a 30-day strike could be a $1.5 billion hit for Boeing. But workers had been looking for raises of 40% and argued that it didn't cover the increased cost of living.

Persons: Brian West, West, Sheila Kahyaoglu, Kelly Ortberg Organizations: IAM, Hall, Boeing, Max, Jefferies, International Association of Machinists, Aerospace Workers Locations: Seattle , Washington, US

☆ Oracle breathes new life into the AI trade. Here are two related stock plays
▼ + stars: | 2024-09-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

"When you have a new deal, it smashes the stock," Jim said. We are not surprised the transaction pushed the stock lower so it doesn't impact our investment thesis. 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.

Persons: Jim Cramer, Jim, That's, that's, Eaton, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Microsoft, Apple, GE Healthcare, GE Aerospace, Oracle, Nvidia, Boeing, Halliburton, Uber Locations: GEHC, Dover

☆ Boeing machinists go on strike: Here's what you need to know
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing machinists go on strike: Here's what you need to knowCNBC's Phil LeBeau reports on the latest news from Boeing.

Persons: Phil LeBeau Organizations: Boeing

☆ Boeing workers overwhelmingly reject contract, prepare to strike
▼ + stars: | 2024-09-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing Co. workers and supporters hold signs outside the Aerospace Machinists Union District 751 Hall ahead of a vote on the union contract in Renton, Washington, US, on Thursday, Sept. 12, 2024. More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new labor contract. Workers in the Seattle area and in Oregon voted 94.6% against a tentative agreement that Boeing and the International Association of Machinists and Aerospace Workers unveiled Sunday. They voted 96% to strike, far more than the two-thirds vote required for a work stoppage. He characterized it as an "unfair labor practice strike," alleging that factory workers had experienced "discriminatory conduct, coercive questioning, unlawful surveillance and we had unlawful promise of benefits."

Persons: Jon Holden, Boeing didn't Organizations: Boeing Co, Aerospace Machinists, Boeing, Workers, International Association of Machinists, Aerospace Workers Locations: Renton , Washington, US, Seattle, Oregon

☆ Over 30,000 Boeing workers are preparing to strike after rejecting a new labor contract
▼ + stars: | 2024-09-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOver 30,000 Boeing workers, or about 20% of the company's employees, are preparing to strike on Friday after rejecting a new labor contract. Workers in Washington and Oregon voted against an agreement that Boeing and the labor union for machinists and aerospace workers proposed on Sunday. The vote was the first full contract vote in 16 years. The tentative labor contract, which included a pay increase over four years, was touted as another win for the beleaguered company. The proposal left workers unsatisfied, Jon Holden, president of the IAM's district 751 and lead negotiator on the Boeing contract, told Reuters on Monday.

Persons: —, Max, Kelly Ortberg, Ortberg, TD Cowen, Jon Holden, Holden Organizations: Service, Workers, Boeing, Business, International Association of Machinists, Aerospace Workers, IAM, Reuters Locations: Washington, Oregon, Boeing's, North America, Pacific Northwest, California, Renton , Washington, Seattle, IAM's

☆ CNBC Daily Open: With all key data in, the Fed's policy path looks more uncertain
▼ + stars: | 2024-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hotter-than-expected core, againThe U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. However, like the consumer price index, core PPI came in 10 basis points higher than expected. But investors are ignoring two big risks to the market, said a chief investment officer of a wealth management firm.

Persons: Hong, Dow Jones, Sheila Kahyaoglu, Safra Catz, Bond Organizations: CNBC, Nasdaq, Dow Jones Industrial, Nikkei, U.S ., Bureau of Labor Statistics, PPI, Boeing, Jefferies, Oracle, Amazon, Google, Microsoft Locations: Asia, Pacific, U.S, Seattle, Oregon

☆ Boeing workers strike for first time since 2008 after rejecting contract
▼ + stars: | 2024-09-13 | 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 EmailBoeing workers strike for first time since 2008 after rejecting contractCNBC's Phil LeBeau reports on news from the Boeing strike.

Persons: CNBC's Phil LeBeau Organizations: Boeing

☆ Boeing workers are set to strike — and it could cost the company billions
▼ + stars: | 2024-09-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The walkout depressed revenues in the period by $4.3 billion, Boeing said at the time. Another strike of that length would cost Boeing at least $3 billion, according to a TD Cowen research note cited by The New York Times. The rejected deal would have cost Boeing an extra $900 million a year if passed, they noted. A Boeing strike in 1989 cost the company $2.5 billion in lost revenue, and the next one in 2005 cost it about $1 billion, the American Action Forum noted in a paper this week. "This may be because Boeing generally delays orders rather than losing them, so their revenue is time-shifted rather than diminished."

Persons: —, Cowen, Kelly Ortberg, they're Organizations: Service, Boeing, International Association of Machinists, Aerospace Workers, IAM, Business, The New York Times, Jefferies, CNBC, American Action, AAF

☆ Boeing on workers' strike: We are ready to return to the table to reach a new agreement
▼ + stars: | 2024-09-13 | 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 EmailBoeing on workers' strike: We are ready to return to the table to reach a new agreementCNBC's Phil LeBeau reports on the latest news from Boeing's strike.

Persons: Phil LeBeau Organizations: Boeing

☆ Here's what the Boeing strike might mean for flyers
▼ + stars: | 2024-09-13 | by ( Rob Wile | ) www.cnbc.com time to read: +3 min

Boeing workers went on strike Friday, the latest disturbance in what has proven a devastating year for the American aircraft manufacturer. Southwest had sharply brought down its delivery target for Boeing aircraft earlier this year. A United spokesperson said the carrier was working with Boeing to understand what the impact to the airline's delivery schedule might be. "There will probably be very little direct impact on consumers as a result of the Boeing strike," Harteveldt told NBC News. The previous Boeing machinists strike, in 2008, lasted nearly two months; however, in a note to clients, Bank of America analyst Ronald Epstein said the latest one could prove as short as a week.

Persons: Jon Holden, Henry Harteveldt, Harteveldt, Ronald Epstein, Boeing's Organizations: Aerospace Machinists, Boeing, Alaska Airlines, Southwest Airlines, International Association of Machinists, Aerospace Workers, Southwest, United, Atmosphere Research, NBC, Bank of America, FAA, Dow Locations: Seattle , Washington, U.S, Southwest, United, Renton , Washington

☆ CNN reporter breaks down why union members rejected proposed Boeing contract
▼ + stars: | 2024-09-13 | by ( Meneida Bailey | ) edition.cnn.com time to read: 1 min

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☆ The setup for Boeing still looks positive, strike will be short-lived, says RBC's Ken Herbert
▼ + stars: | 2024-09-13 | 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 setup for Boeing still looks positive, strike will be short-lived, says RBC's Ken HerbertKen Herbert, RBC Capital Markets aerospace and defense, joins 'Power Lunch' to discuss Boeing's machinist strike impact on the stock.

Persons: Ken Herbert Ken Herbert Organizations: Boeing, RBC Capital Markets

☆ Boeing Starliner astronaut: We ‘ran out of time’
▼ + stars: | 2024-09-13 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

We could have gotten to the point, I believe, where we could have returned on Starliner,” he said. During an August 24 news briefing, NASA officials also indicated that Boeing disagreed with some of the space agency’s risk assessments. There was “just a little disagreement (between NASA and Boeing) in terms of the level of risk,” NASA’s Commercial Crew Program manager Steve Stich said. …And when you do things with spacecraft that have never been done before, just like Starliner, you’re going to find some things,” he added. “In this case, we found some things that we just could not get comfortable with putting us back in the Starliner.”

Persons: —, Butch Wilmore, crewmate Suni Williams, ” Wilmore, ”, Steve Stich, …, ” Williams, Starliner’s, “, Williams, Wilmore, “ I’m, CNN’s Kristin Fisher, we’ve Organizations: CNN, NASA, Navy, SpaceX, Boeing Locations: Tennessee, Starliner

The Summary Boeing officials have made few public comments about the company's Starliner spacecraft over the last six weeks. Just over an hour after Boeing’s Starliner capsule made its uncrewed return to Earth, NASA convened a standard post-landing briefing to discuss the end of the tumultuous test flight. The capsule’s first crewed test flight, the mission was expected to last around eight days. The pair is scheduled to stay at the space station until February then return with members of an upcoming ISS crew. In 2019, an uncrewed test flight to the space station was cut short because of technical glitches and the company was forced to repeat it in 2022.

Persons: Eric Berger, Joel Montalbano, ”, Mark Nappi, “, NASA’s, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Boeing’s Organizations: Boeing, NASA, Space Center, Ars Technica, NBC, NASA’s Kennedy Space Center, International Space Station, Agency, SpaceX, ISS, Crew Locations: Houston, Florida

“Anywhere you walked, body parts,” he said. Many of the bodies were burned and dismembered beyond recognition, Gaza Civil Defense spokesman Mahmoud Basal told NBC News. At least 93 people were believed to have been killed in the strike, according to the Gaza Civil Defense agency. “We only saw body parts of him,” he said. Mahany said that in the days following the strike, he would also learn that two of his other children had been killed.

Persons: Ashraf Juda, shrouds, Noah Al, ”, Sharnouby, Mahmoud Basal, Ahmed Radi, ” Radi, ” Mustafa Mahany, “, Mahany, Israel, ” Mahany, Daniel Hagari, Richard Weir Organizations: Central Camps Brigade, NBC News, Gaza’s Civil Defense, Gaza Civil, Gaza Civil Defense, Al, Ahli Arab Hospital, IDF, Boeing, Human Rights Locations: Territories, Gaza, Ahli, Gaza City, U.S

☆ A pilot on the Alaska Airlines blowout flight said she didn't know there was a hole in the 737 Max until it landed — and feared passengers had died
▼ + stars: | 2024-09-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Emily Wiprud, the first officer on January's Alaska Airlines blowout flight, spoke to CBS News. Wiprud said she didn't know there was a hole in the plane until it landed. She said she thought people had died after being told there were "empty seats and injuries" on the plane. Go to newsletter preferences Thanks for signing up! AdvertisementOne of the pilots on the Alaska Airlines blowout flight told CBS News she believed passengers had died.

Persons: Emily Wiprud, Wiprud, —, Max Organizations: Alaska Airlines, CBS News, Service, Boeing, Business

☆ Boeing machinists vote today on contract
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing machinists vote today on contractCNBC’s Phil LeBeau joins 'Money Movers' with breaking details about the Boeing machinist vote on a labor deal.

Persons: Phil LeBeau Organizations: Boeing

☆ Boeing faces strike threat as union members vote on tentative labor deal today
▼ + stars: | 2024-09-12 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

Among other benefits increases, the contract would increase union members’ pay by last least 25% over four years. Union members have launched a series of protests this week outside of Boeing plants and may ultimately reject the new contract union leaders negotiated with Boeing management. The deal will be officially approved if more than 50% of the members vote in favor of the tentative agreement. That would prevent a strike, no matter how many workers vote to strike. If just more than a third of members vote against a strike, then the contract takes effect, no matter the results of the ratification vote.

Persons: we’ve, Kelly Ortberg, Jon Holden, ” Holden, Ortberg, “, ”, Holden Organizations: New, New York CNN —, Boeing, Union, Alaska Airlines, International Association of Machinists, IAM, The Seattle Times, CNN Locations: New York, Oregon, Seattle, What’s, Washington

☆ Boeing faces strike threat as workers vote on new contract
▼ + stars: | 2024-09-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff members decide to reject the deal just as the plane maker is trying to ramp up its production. "I know the reaction to our tentative agreement with the IAM has been passionate," he wrote in his staff note. The union, which represents about 33,000 Boeing factory workers in the Seattle area and in Oregon had sought some 40% pay raises from Boeing. But the 25% increase would be in line with the United Auto Workers' deal last year that followed strikes at Ford , General Motors and Chrysler parent Stellantis. If approved, the Boeing deal would follow a series of union-negotiated pay increases across industries ranging from Hollywood to airlines.

Persons: Kelly Ortberg, Jon Holden Organizations: Boeing, International Association of Machinists, Aerospace Workers, IAM, United Auto Workers, Ford, General Motors, Chrysler Locations: Seattle, Renton , Washington, Everett , Washington, Ortberg, Oregon, Hollywood

☆ Alaska Airlines pilot: ‘I was in shock’
▼ + stars: | 2024-09-12 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —Emily Wiprud, the first officer piloting Alaska Airlines Flight 1282 on January 5, says she initially thought people had been killed when the plane’s door plug blew off shortly after takeoff, according to an interview with CBS News Wednesday. I was in shock.”Emily Wiprud, the first officer piloting Alaska Airlines Flight 1282 on January 5, in an interview with CBS News Wednesday. Federal investigations would later determine that Boeing delivered the 737 Max plane to Alaska Airlines without four bolts that were designed to hold the door plug in place. Wiprud said from the flight deck she knew something terrible had happened, but she didn’t immediately know that the door plug had blown off. For example, neither Boeing nor the National Transportation Safety Board know how the 737 Max was delivered to Alaska Airlines without the four bolts.

Persons: Emily Wiprud, “, ’ ” Wiprud, ” Wiprud, Wiprud, didn’t, ”, Max Organizations: CNN, Alaska, CBS, Wednesday, Boeing, Alaska Airlines, National Transportation Safety Board

☆ American Airlines flight attendants ratify new contract with immediate raises topping 20%
▼ + stars: | 2024-09-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines flight attendants approved a five-year labor deal, ending one of the industry's most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October. Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed. Flight attendants are the biggest unionized work group at the Fort Worth-based airline. "Reaching an agreement for our flight attendants has been a top priority, and today, we celebrate achieving this important milestone," American CEO Robert Isom said in a statement. United Airlines and its flight attendants' union are still negotiating for a new contract, while Alaska Airlines cabin crew members recently rejected a tentative labor deal.

Persons: Julie Hedrick, Pete Buttigieg, Julie Su, Robert Isom Organizations: Association of Professional, Fort Worth International, American Airlines, Fort, Transportation, Labor, National, United Airlines, Alaska Airlines, Boeing Locations: Dallas, DFW, Dallas , Texas, Fort Worth, Hollywood

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