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☆ Boeing machinists reject new labor contract, extending more than 5-week strike
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

People hold signs during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. The strike is costing the company about $1 billion a month, according to S&P Global Ratings. Earlier this month, he announced Boeing will cut 10% of its global workforce of 170,000 people. The International Association of Machinists and Aerospace Workers union had originally sought wage increases of 40%. It is the machinists' first strike since 2008.

Persons: Boeing machinists, Kelly Ortberg, machinists, Ortberg, CNBC's, Ortberg's Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Boeing, Puget Locations: Seattle , Washington, Seattle, Oregon

☆ Boeing workers reject the company's latest proposal, which included a 35% wage hike
▼ + stars: | 2024-10-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Boeing workers just rejected a proposal with a 35% wage increase over four years. AdvertisementBoeing machinists have rejected a new proposal that included a 35% wage increase over four years, the International Association of Machinists and Aerospace Workers Local 751 said Wednesday. Along with the wage hike, the new proposal raised a signing bonus from $3,000 to $7,000. The strike, which started on September 13, began after workers rejected a proposal to raise pay by 25% over four years , demanding 40%. Analysts at Anderson Economic Group estimated that the first month of Boeing's 33,000-worker strike cost the company and workers $5 billion.

Persons: —, Boeing machinists, Kelly Ortberg, We've, Ortberg Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, Anderson Economic Group

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ Boeing’s turnaround just got even harder. Here’s why
▼ + stars: | 2024-10-24 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

Members of the International Association of Machinists just rejected Boeing’s offer to return to work after a bruising six weeks of strike action. But with 64% of IAM members voting no on the company’s latest offer, getting a once-great American company back on track appears harder than ever. Our members haven’t forgotten that.”Why traditional pension plans matterTraditional pensions are what’s known as defined benefit plans. Traditional pension plans are “one of the hallmarks of retirement security,” Holden said Wednesday night. But he said so far in negotiations Boeing hasn’t entertained any kind of return to a pension plan.

Persons: Kelly Ortberg, Lindsey Wasson, ” Jon Holden, haven’t, ” Holden, It’s, ” Nataleen Anderson, Stellantis, John Lawler, Max, ”, “, Holden, Boeing hasn’t, they’re, Ortberg, Marian Lockhart, “ We’re, We’ve Organizations: New, New York CNN, Boeing, International Association of Machinists, Poor’s, —, IAM, Volunteers, Research, CNN, KIRO, United Auto Workers, General Motors, Ford, Chrysler, GM, Reuters Locations: New York, Washington, Seattle, Everett , Washington

☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
▼ + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

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

☆ New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
▼ + stars: | 2024-10-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

watch nowQuarterly lossesBoeing reported a more than $6 billion loss for the third quarter, its largest since 2020 when the pandemic halted most aircraft demand and its bestselling airplane was grounded after two crashes. It disclosed charges of more than $5 billion across its commercial and defense units and said it ended the third quarter with $10.5 billion in cash and marketable securities. Its commercial airplane unit's losses swelled to more than $4 billion from a $678 million loss a year before. Ortberg announced the departure of the defense unit's CEO, Ted Colbert, in September. He is expected to face questions on the call about which units or projects the company will consider shedding.

Persons: David Ryder, Kelly Ortberg, Ortberg, CNBC's Squawk, Brian West, Ted Colbert, we've, LSEG, Rockwell Collins, Max, weren't Organizations: Boeing Co, Bloomberg, Getty, Boeing, KC, International, NASA, CNBC, Alaska Airlines Locations: Renton , Washington, US

☆ McDonald's and Boeing: The two stocks Wall Street will keep an eye on Wednesday
▼ + stars: | 2024-10-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Investors on Wednesday were focused on big news involving two Dow Jones Industrial Average components: Boeing and McDonald's. The current bull market and how much more stocks can continue to rally was also on investors' minds. McDonald's E. coli outbreak, Boeing earnings McDonald's shares were lower and the primary drag on Dow futures after an E-coli outbreak linked to Quarter Pounders that has killed one person and lead to dozens being hospitalized.

Persons: Sara Senatore, Senatore, Kelly Ortberg, Phil Lebeau, Tony Bancroft, —, Ortberg, Piper, Craig Johnson, Piper Sandler, Johnson Organizations: PRO, Worldwide, Dow Jones, Boeing, Dow, Bank of America, New, CNBC, Gabelli, Aerospace, Defense, Federal Aviation Administration, Max Jets, Piper, Marvell, Scotts Miracle, Gro Locations: Corning, Illumina

☆ Boeing CEO says the company must fundamentally change as losses surge
▼ + stars: | 2024-10-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

That is the Boeing unit that has been the most troubled, but the strike affected only the last two weeks of the three-month period. Boeing reported a $2.4 billion operating loss in its space and defense business, which is not affected by the strike. “First and foremost on everybody’s mind today is ending the IAM strike,” Ortberg told investors. Members of the International Association of Machinists from Boeing hold a march during an ongoing strike in Seattle, on October 15. Fortunately for Boeing, it is not likely it will be forced out of business by its current financial crisis.

Persons: Kelly Ortberg, ” Ortberg, “ We’re, We’ve, ”, …, Starliner, “, Ortberg, Seth Seifman, Seifman, David Ryder, “ We’ve, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, CNBC, International, Station, NASA, SpaceX, IAM, JPMorgan Chase, Reuters, Alaska Airlines, Federal Aviation Administration, Airbus Locations: New York, ”, Seattle, Washington

☆ Union members reject deal with Boeing, prolonging strike
▼ + stars: | 2024-10-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —The strike by 33,000 workers at Boeing will continue after rank-and-file union members rejected an offer from the company in a vote on Wednesday and decided to remain on the picket lines instead. The membership of the International Association of Machinists voted 64% against the deal, the union announced late Wednesday. “Our members deserve more,” said Jon Holden, the president of the largest IAM local at Boeing and its chief negotiator. The offer would have raised wages for IAM members at Boeing by 35 percentage points over the four-year life of the contract, with an immediate 12% raise. Loss of pension a ‘sticking point’Among the major issues for many members was the loss of a traditional pension plan.

Persons: “, ”, Jon Holden, Holden, haven’t, Seth Seifman, Seifman, Kelly Ortberg, ” Ortberg, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM, Union, JPMorgan Chase, Alaska Airlines, Federal Aviation Administration, Airbus Locations: New York

☆ Dow sinks sharply as Wall Street gears up for possibility of a Trump victory
▼ + stars: | 2024-10-23 | by ( Nicole Goodkind | Lucy Bayly | ) edition.cnn.com time to read: +3 min

Investors have been increasingly on edge about the prospect of former President Donald Trump winning the election, a possibility for which Wall Street has been preparing to a greater extent. While polls remain effectively dead-even, Trump’s prospects have grown since the start of this month in political betting markets. The tech-heavy Nasdaq Composite led the decline, ending the day down by 1.6%; while the S&P 500 and Dow both fell about 1%. Recent strong economic data has led traders to question whether the central bank might maintain higher rates for longer than anticipated. The current market environment suggests continued volatility ahead, said Torres, warning of the potential for further yield curve steepening and increased market turbulence ahead.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Kamala Harris, Dow, ”, José Torres, McDonald’s, Kelly Ortberg, Torres Organizations: New, New York CNN, Mizuho Securities, Treasury, Nasdaq, Dow, Interactive Brokers, Nvidia, Apple, Boeing, Federal Locations: New York, United States

☆ New Boeing CEO to give clues about company's future, while striking workers vote on new contract
▼ + stars: | 2024-10-22 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +7 min

Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a potential strike-ending labor agreement to a slimmed-down future. When he takes the mic for his first earnings call as Boeing’s CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. “I think it’s going to be a tight vote,” Jon Holden, president of the International Association of Machinists and Aerospace Workers District 751, told CNBC on Tuesday. Narrowing businessesOrtberg, a longtime aerospace veteran who previously ran Rockwell Collins, took the reins at Boeing in early August. Mending ties with workers, stabilizing supply chainThe results of the union vote will come out hours after the earnings call.

Persons: Kelly Ortberg, “, ” Jon Holden, RTX, Neil Mitchill, Collins, Rockwell Collins, Robert " Kelly, Ortberg, ”, Ken Herbert, Julie Su, Holden, ” Holden, Joe Biden, Biden, —, Phil LeBeau Organizations: Boeing, International Association of Machinists, Aerospace Workers, CNBC, GE Aerospace, AFP, Getty, Air Force One, Workers, Puget, Labor, Spirit, Aerospace Industries Association Locations: underperformance, Seattle, South Carolina

☆ New Boeing CEO to give clues on company's future, while striking workers vote on new contract
▼ + stars: | 2024-10-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

When he takes the mic for his first earnings call as Boeing's CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. Narrowing businessesOrtberg, a longtime aerospace veteran who previously ran Rockwell Collins, took the reins at Boeing in early August. Boeing's new CEO Kelly Ortberg visits the company's 767 and 777/777X programs' plant in Everett, Washington, U.S. August 16, 2024. watch nowMending ties with workers, stabilizing supply chainThe results of the union vote will come out hours after the earnings call. Meanwhile, the strike is costing Boeing $1 billion a month, according to S&P Global Ratings estimates.

Persons: Ryan Bergh, Jason Redmond, JASON REDMOND, Kelly Ortberg, Rockwell Collins, Ortberg, Marian Lockhart, Ken Herbert, Leslie Josephs Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Getty, AFP, Boeing, Reuters, Air Force One, Workers, CNBC Locations: Everett , Washington, Seattle , Washington, AFP, underperformance, Everett , Washington , U.S, Seattle, Renton , Washington

☆ New company culture at Boeing will take time, says Eric Dezenhall
▼ + stars: | 2024-10-21 | 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 EmailNew company culture at Boeing will take time, says Eric DezenhallEric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss news of Boeing reaching a tentative contract proposal with the machinists' union, corporate fallout from the strike, the challenges facing CEO Kelly Ortberg, and more.

Persons: Eric Dezenhall Eric Dezenhall, Kelly Ortberg Organizations: Boeing, Dezenhall

☆ New labor deal won't change Boeing's financials tremendously, says Bernstein's Doug Harned
▼ + stars: | 2024-10-21 | 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 EmailNew labor deal won't change Boeing's financials tremendously, says Bernstein's Doug HarnedDoug Harned, Bernstein aerospace and defense senior analyst, joins 'Squawk Box' to discuss news of Boeing reaching a tentative deal with the machinist's union, impact of the strike on the company, the challenges facing CEO Kelly Ortberg, and more.

Persons: Doug Harned Doug Harned, Bernstein, Kelly Ortberg Organizations: Boeing

☆ Earnings playbook: More than 100 companies are slated to report this week, including General Motors
▼ + stars: | 2024-10-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.

Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China

☆ Boeing workers to vote on new proposal that could end strike
▼ + stars: | 2024-10-19 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +2 min

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production. The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program and higher 401(k) contributions among other changes. Acting U.S. Secretary of Labor Julie Su met with both parties earlier this week. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. On Oct. 11, he announced job cuts of 10% of Boeing’s workforce and that the company will stop making 767s when orders are fulfilled in 2027.

Persons: Labor Julie Su, Kelly Ortberg Organizations: Boeing, Labor, U.S, International Association of Machinists, Aerospace Workers

☆ Boeing machinists to vote on new proposal with 35% raises that could end strike
▼ + stars: | 2024-10-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Boeing and its machinists' union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers' aircraft production. The strike began Sept. 13 after more than 30,000 machinists overwhelmingly rejected a tentative agreement that included 25% wage increases over four years. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. "We look forward to our employees voting on the negotiated proposal," Boeing said in a statement.

Persons: Labor Julie Su, Kelly Ortberg Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Boeing, Labor, U.S Locations: Seattle , Washington

☆ Boeing and union leaders reach tentative deal to end strike
▼ + stars: | 2024-10-19 | by ( Nathan Rennolds | Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Boeing and union leaders have reached a deal that could end a weekslong strike. AdvertisementBoeing and leaders from a union representing striking machinists have reached a deal that could end a strike that has lasted over a month. About 33,000 Boeing workers have been on strike in the Pacific Northwest for over a month, halting much of Boeing's production. Bank of America analysts estimated that the strike is costing Boeing $50 million a day. Less than a week after the strike began, Boeing CEO Kelly Ortberg said the company would furlough white-collar workers in an email to employees.

Persons: —, Labor Julie Su, who've, Kelly Ortberg, Ortberg Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, Labor, Bank of America, Federal Aviation Administration, Alaska Airlines, Space Station Locations: Pacific Northwest

☆ Tentative deal announced to end Boeing strike
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. A week after that deal was rejected, Boeing improved its offer to 30% in wage increases over the four-year deal, terming that its best and final offer.

Persons: Kelly Ortberg, Julie Su, Su, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, International Longshoremen’s Association, Gulf, Airbus, Alaska Airlines, Federal Aviation Administration Locations: New York

WASHINGTON — A Donald Trump supporter who stormed the Capitol and assaulted law enforcement officers now says she was "duped" by the former president's lies about the 2020 election. One of the officers who Bell, a 62-year-old Trump supporter, encountered was the late Jeffrey Smith. U.S. District Court for the District of Columbia. U.S. District Court for the District of Columbia. Moloney admitted that he assaulted officers with “Black Flag Wasp, Hornet, & Yellow Jacket Killer” spray and that he assaulted two people he thought were with the media.

Persons: WASHINGTON, Donald Trump, Dana Jean Bell, Timothy J, Kelly, Bell, belligerently, Jeffrey Smith, “, ” Bell, Smith, Erin Smith, Jeffrey Smith's, Donald Trump’s, Trump, Dana, Peter G, Moloney Organizations: Capitol, U.S, U.S . Capitol Police, Metropolitan Police Department, United States Capitol, Trump, District of Columbia, Justice Department, Washington Nationals, Wasp Locations: Long Island

Trump was shot in the ear, one rallygoer was killed and two others were wounded before a Secret Service countersniper shot and killed the 20-year-old gunman. “We’ll continue to work with the department to look at those recommendations that are actionable and feasible to make changes in the Secret Service,” he said. He told NBC News that applications to join the Secret Service were up, with 400 people currently in various stages of training. Earlier this week, the two men who were wounded by the gunfire at the July rally told NBC News that the Secret Service failed them that day. A Secret Service agent spotted him and opened fire before Routh, 58, had Trump in his sights.

Persons: Donald Trump, Ronald Rowe Jr, Lester Holt, ” Rowe, ”, Trump, rallygoer, Rowe, “ We’ll, Kimberly Cheatle, skewered, Joe Raedle, David Dutch, “, Ryan Wesley Routh, Routh, ” “ Organizations: Secret Service, NBC News, Secret, NBC, Service, Officials, Trump Locations: Butler , Pennsylvania, West Palm Beach, Fla, West Palm Beach , Florida

☆ Boeing strike enters second month as workers rally in Seattle
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

SEATTLE — Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis. “We’re not afraid of them.”A strike rally for the International Association of Machinists and Aerospace Workers in Seattle on Tuesday. U.S. Representative Pramila Jayapal, whose district includes downtown Seattle, addressed the cheering crowd on Tuesday, criticizing Boeing and calling on Ortberg to end the strike. “Let’s make Seattle Boeing town again!”‘NO PENSION, NO WRENCHING’IAM members have been holding smaller picket lines in front of Boeing sites throughout the strike. A Boeing spokesperson said on Monday the planned job cuts included both union and non-union workers, but striking IAM employees were not currently affected.

Persons: Kelly Ortberg, Maria Cantwell, X, Patty Murray, Adam Smith, Rick Larsen, ”, Matthew Wright, We’re, Jason Redmond, Julie Su, Pramila Jayapal, “, “ Kelly Ortberg, Jon Holden, ” Holden Organizations: SEATTLE — Boeing, Reuters, Democrats, Boeing, U.S, West, International Association of Machinists, Aerospace Workers, Getty, Labor, IAM, Seattle Boeing, Seattle, Microsoft Locations: Seattle, Washington, West Coast, AFP, United States, America, Seattle —, ”

☆ CNBC Daily Open: The economy and inflation might stay strong
▼ + stars: | 2024-10-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 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. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. A soft landing is the scenario in which inflation drops to the Fed's 2% target while economic growth and employment remain healthy. A "no landing," on the other hand, is when the economy continues expanding as inflation remains high.

Persons: Jefferies, Kelly Ortberg, Christopher Waller, Waller, Fed Governor Waller, Henry Allen, Ohsung Kwon, BofA, Kwon, –, Jeff Cox, Sarah Min, Lisa Kailai Han, Yun Li Organizations: Shoppers, Miami Design District, CNBC, Grand View Research, Boeing, P Global, U.S . Federal, Fed, Deutsche Bank, Bank of America Securities Locations: Miami , Florida, U.S

☆ Boeing is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
▼ + stars: | 2024-10-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing said it has entered a $10 billion credit agreement with four banks, it said in a filing Tuesday. In a separate filing, the planemaker said may also sell up to $25 billion in securities. AdvertisementBoeing plans to raise up to $35 billion to help steady its finances as a machinists' strike enters its fifth week. In a Tuesday regulatory filing, the planemaker said it had entered a $10 billion credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase. Boeing also filed a prospectus stating that it may sell up to $25 billion in securities, including bonds, new shares, and stock options.

Persons: planemaker, —, Goldman Sachs, Ron Epstein, Julie Su, Sir Tim Clark, Max midflight, Dave Calhoun, Kelly Ortberg, Starliner Organizations: Boeing, Service, Bank of America, Citibank, JPMorgan Chase, Business, CNN, Anderson Economic Group, Labor, Emirates, Alaska Airlines, Space, NASA, SpaceX Locations: Seattle

☆ CNBC Daily Open: Economic growth and inflation might remain strong
▼ + stars: | 2024-10-15 | 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. Nvidia's numbers aren't a hallucinationNvidia shares rose 2.4% to close at $138.07, a new record for the stock. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. [PRO] Small cap strategyMarket wisdom has it that the performance of small-cap stocks will outstrip that of big-cap stocks.

Persons: Dow, it's, Christopher Waller, Waller, Kelly Ortberg, Russell, Bob Pisani Organizations: CNBC, Dow Jones, Dow, Nasdaq, European Central Bank, Nvidia, U.S . Federal, Boeing, P Global

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