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Point72's Steve Cohen is stepping back from trading his own book
  + stars: | 2024-09-17 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Steven Cohen, founder of Point72 and majority owner of the New York Mets, attends a news conference at Citi Field, the home stadium of MLB's New York Mets, in Queens, New York, on Feb. 10, 2021. Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Most recently, the firm is planning to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom. Bloomberg News first reported on Cohen's move away from trading earlier Tuesday.
Persons: Steven Cohen, Steve Cohen, Cohen, Steve, he's, Point72 Organizations: New York Mets, Citi Field, MLB's New York Mets, Capital Advisors, Bloomberg Locations: MLB's, Queens , New York, S.A.C
Reuters —Dominique Pelicot, the Frenchman accused of drugging his wife and recruiting dozens of strangers to rape her over a decade, on Tuesday admitted to the various criminal charges he faces in a closely-watched trial, French media reported. Pelicot had been due to testify last week in the case that has shocked France, but his appearance was delayed due to health issues. In addition to Pelicot, 50 other men accused of taking part are on trial, which is taking place in the southern city of Avignon. Pelicot’s former wife, Gisele Pelicot, now aged 72, insisted on a public trial to expose him and the other men accused of raping her. ReutersPelicot faces charges including rape, gang rape and various privacy breaches by recording and disseminating sexual images.
Persons: — Dominique Pelicot, Frenchman, Pelicot, ” Pelicot, Pelicot’s, Gisele Pelicot, , , Dominique Pelicot, Reuters Pelicot Organizations: ” Prosecutors, Reuters Locations: France, Avignon
During Sunday’s debate among six hopefuls, candidate José Luiz Datena, a TV presenter, exploded when opponent Pablo Marçal, a far-right influencer, said Datena was not man enough to hit him as he had previously threatened. Datena had threatened to hit Marçal in a prior debate when Marçal raised a 2019 complaint of sexual harassment against Datena by a coworker. Datena throws a chair at Pablo Marçal (not seen) during a debate on Sunday. A half dozen pollsters announced new surveys to gauge the fallout from Sunday’s debate in the city of 11.5 million people. Pablo Marçal left the debate to seek medical attention after the altercation.
Persons: São Paulo, José Luiz Datena, Pablo Marçal, Datena, Marçal, Ricardo Nunes, Guilherme Boulos, Nunes, pollster, Marina Uezima, , Andre Cesar Organizations: Reuters, Reuters “, NBC Locations: São, Brazil’s, Eurasia
His comments come at a pivotal moment for the Secret Service. The Trump campaign asked the Secret Service for increased security on Monday morning, two sources familiar with the request told NBC News. It's not clear how the Secret Service has responded to that request. “The president is aware that he has the highest levels of protection that the Secret Service provides.”“We constantly evaluate based on threat,” he added. “The Secret Service operates under a paradox of zero fail mission but also that we have done more with less for decades,” he said.
Persons: Donald Trump’s, Butler, ” Ronald Rowe, ” Rowe, Ronald Reagan, Trump, Ryan Wesley Routh, Routh, Rowe, “ I’ve, , , Joe Biden, Sen, J.D, Vance, Kamala Harris, Tim Walz, Evy Poumpouras, Barack Obama, George W, Bush, Anthony Cangelosi, John Kerry, Biden, don’t, doesn’t, Cangelosi Organizations: , Secret Service, Trump, FBI, Service, NBC News, United Nations General Assembly, Minnesota Gov, MSNBC, Pennsylvania Locations: Butler , Pennsylvania, Pennsylvania, West Palm Beach , Florida, Minnesota
A sheriff in Ohio who made disparaging remarks about Vice President Kamala Harris and immigrants on social media is suggesting that local residents compile a list of addresses where they see yard signs in support of the Democratic presidential nominee. In a public Facebook post Friday, Sheriff Bruce Zuchowski of Portage County used anti-immigrant rhetoric and denounced both Harris and her supporters. I say...write down all the addresses of the people who had her signs in their yards! Zuchowski, the Portage County Sheriff’s Office and the Harris campaign did not immediately respond to requests for comment Monday afternoon. Springfield is a little less than 200 miles southeast of Portage County.
Persons: Kamala Harris, Sheriff Bruce Zuchowski, Harris, We’ll, Zuchowski, Donald Trump, Sen, JD Vance, Springfield Mayor Rob Rue Organizations: Democratic, Facebook, Sheriff’s, NBC, Press, Springfield Mayor Locations: Ohio, Portage County, Portage, Aurora , Colorado, Springfield , Ohio, Springfield, . Springfield
Nearly 1,000 homes and businesses were covered by evacuation orders in La Porte, according to the city's statement. Additionally, the La Porte Independent School District said shelter-in-place orders were in place at multiple campuses in the district. A pipeline carrying natural gas liquids burns near La Porte, Texas, on Sept. 16, 2024. Deer Park said in its own statement that a Walmart location and an H-E-B grocery store were also covered by shelter-in-place orders. Multiple reunification sites in Deer Park and La Porte, including an activity center and a church, have been made available to evacuees.
Persons: La Porte, Lekan, I’ll, Jerry Mouton Jr, Mouton Organizations: La Porte Independent School District, Energy, San Jacinto, Facebook, Emergency, Control, Deer Park Locations: Houston, Deer Park, Pasadena, La, La Porte, La Porte , Texas, Deer, Porte, Harris
WASHINGTON — To hear Republican nominee Donald Trump and his running mate JD Vance tell it, he wasn’t trying to eliminate the Affordable Care Act as president. “Obamacare was lousy health care. Vance added: “It illustrates Donald Trump’s entire approach to governing, which is to fix problems.”Both Trump and Vance are misrepresenting the facts. As president, Trump fought to repeal and undo the ACA using executive action, legislation and lawsuits. “Which means no actual plan.”“And 45 million Americans are insured through the Affordable Care Act,” she said.
Persons: WASHINGTON, Donald Trump, JD Vance, , Trump, Sen, Vance, , “ Obamacare, It’s, , ” Trump, Kamala Harris, could’ve, Donald Trump’s, “ Trump, Larry Levitt, Republicans — Sens, Lisa Murkowski, Susan Collins of, John McCain, Arizona —, McCain, ” Levitt, Barack Obama’s, Joe Biden, doesn't, Karoline Leavitt, Leavitt, ” Harris Organizations: ABC, Democratic, Trump, Protection, Republican, American Health Care, Office, House Republicans, Republicans, ACA, Medicare Locations: R, Ohio, Alaska, Susan Collins of Maine, Arizona, Greensboro , North Carolina
Dreamers are voicing their disappointment with Nicky Jam after the reggaeton singer endorsed former President Donald Trump last week. "Fast forward to now where it seems Nicky Jam used me to promote his music + sellout our community. At the rally, Trump said: “Latin music superstar Nicky Jam, do you know Nicky? "Nearly half of DACA recipients are now married, and 50% of them have a child," Sollod said. "DACA is not just about the DACA recipients; it's about the ripple effect that would be caused if the program were to end."
Persons: Nicky Jam, Donald Trump, didn’t, Adrian Escárate, Trump, Escárate, Juan Escalante, “ Nicky Jam’s, Jam, Nicky, It's, , Maná, Astrid Silva, Jam's Trump, Silva, DACA, Bruna Sollod, Sollod Organizations: Spotify, DACA, National Immigration Law, Trump, Let's, Republican, United, NBC Locations: Las Vegas, Puerto Rican, Mexican, Spanish, Nevada, Texas, U.S
President Joe Biden’s administration is widely considered to be the most pro-LGBTQ in history, and as he enters his final months in the White House, Biden sat for an historic interview with one of the country’s oldest LGBTQ news outlets. In a wide-ranging interview published Monday in the Washington Blade, a D.C.-based LGBTQ newspaper founded more than half a century ago, Biden reiterated his commitment to the community while also speaking broadly about former President Donald Trump’s policies regarding the LGBTQ community and sharing his views on Project 2025. The interview is the first time a sitting president has spoken exclusively with an LGBTQ newspaper, according to the Blade. They noted that Biden has also appointed more LGBTQ officials to his administration than in any other administration in American history. Despite such advances for the community, Biden also spoke about the challenges all Americans face.
Persons: Joe Biden’s, Biden, Donald Trump’s, ” Biden, don’t, , I’ve, Sarah McBride, “ We’re, ” Trump, “ Trump Organizations: Washington, Stonewall, Republican, NBC Locations: America, Delaware
UVALDE, Texas — Relatives and friends of the victims of the Uvalde school shooting shouted “Coward! Gonzales and former school district police chief Pete Arredondo had been in the courtroom a few minutes earlier for the hearing. A Justice Department report said it was possible some children might have been saved had officers gone into the classroom earlier. Gonzales’ attorney had stopped to talk to the media. Gonzales’ attorney told reporters that investigative reports on the shooting by the Justice Department and the Texas House did not suggest prosecuting his client.
Persons: “ Coward, Coward, , Adrian Gonzales, Gonzales, Pete Arredondo, Gonzales ’, Brett Cross, Uziyah Garcia, Arredondo, Cross, , Uziyah, Cazares, Jesse Rizo, Rizo, ” Rizo, Torres ’, Ruben Torres, Christina Mitchell, Mitchell Organizations: Justice Department, Texas House, NBC News, Border Patrol, Judicial, Protection Locations: UVALDE, Texas, Uvalde’s, Arredondo
The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s Versace, Jimmy Choo and Michael Kors. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.
Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, , Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri
Circuit U.S. Court of Appeals sounded unconvinced Monday that the TikTok “sale or ban” law, signed by President Joe Biden in April, was unconstitutional. TikTok and ByteDance have since condemned the practice and said that three employees involved were terminated, with an additional employee resigning. Pincus also said that the data TikTok collects from American users is anonymized and is comparable to other Chinese companies, like major e-commerce platforms. TikTok creators and users in the U.S. have responded overwhelmingly negatively to the proposed ban. Trump then expressed support for TikTok following Biden’s passage of the national security package that included the provision to ban TikTok.
Persons: Joe Biden, TikTok, , Andrew Pincus, , it’s, Pincus, Pincus didn’t, Judge Neomi Rao, ” Rao, Biden, Kamala Harris, Kamala, Donald Trump’s, TAYLOR SWIFT, ” Trump, Trump Organizations: Circuit U.S, Chinese Communist Party, Oracle, Forbes, Palestine Information Office, ByteDance, Justice Department, “ Biden Locations: U.S, Texas, Oracle’s U.S, China, Palestine, Tibet
New York officials released Monday forensic sketches and informational flyers about a possible new victim in the Gilgo Beach serial killings case, in an effort to identify them and get new leads in the roughly 20-year-old homicide. The remains of the victim, referred to as “Asian Doe,” were found in 2011 near the bodies of at least 10 others near Long Island, New York’s Gilgo Beach. Long Island architect Rex Heuermann, 61, was arrested last year in connection with the Gilgo Beach serial killings. Heuermann was initially charged with killing three women — Megan Waterman, Amber Costello and Melissa Barthelemy — and dumping their bodies near Gilgo Beach. Authorities previously disclosed that “Asian Doe” was wearing women’s clothing, but did not provide further details.
Persons: , Ray Tierney, Doe, 5’3 ”, Tierney, ” Tierney, , Rex Heuermann, Heuermann, Megan Waterman, Amber Costello, Melissa Barthelemy —, — Maureen Brainard, Barnes, Jessica Taylor, Sandra Costilla —, Megan Waterman’s, “ We’re, Bill Blass, Shannan Gilbert Organizations: Attorney’s Office, Authorities, New York City Police Department, NBC Locations: York, Long Island, Suffolk County, Southern China, Gilgo Beach, Gilgo, Oak Beach
In today’s edition, senior political editor Mark Murray breaks down where the polling stands 50 days out from Election Day. Plus, we look at how Donald Trump is dispensing with unity in his response to the apparent second assassination attempt against him. Where the 2024 race stands with 50 days to goBy Mark MurrayJust 50 days out from the 2024 presidential election, Democrats are in a stronger place than they’ve been in this entire year because of their switch in candidates, but the contest remains close. In turning so fast to Biden and Harris, Trump skipped past appeals for sympathy and even a perfunctory call for calm or unity. Some Trump allies believe that the campaign squandered an opportunity for unity following the first assassination attempt.
Persons: Mark Murray, Donald Trump, Mark Murray Just, they’ve, Kamala Harris, Sunday’s, Harris, it’s, We’ve, There’s, Trump, Harris ’, Jonathan Allen, Matt Dixon, Katherine Doyle, Joe Biden, , Sunday . Billionaire Elon Musk, ” Biden, Mike Johnson, Ronald Rowe, Johnson, , Biden, hat’s Organizations: NBC, White House, Capitol, Trump, ABC News, Reuters, Democrats, Des Moines Register, Hawkeye State, Des, ABC, New York Times, Siena College, Sunday . Billionaire, Biden, Fox News Digital Locations: Pennsylvania, Iowa, Hawkeye, Des Moines
Kansas City Chiefs running back Isiah Pacheco will miss at least six weeks following surgery to repair a fractured fibula, according to NFL Network and ESPN. Pacheco suffered the injury during Kansas City’s 26-25 win over the Cincinnati Bengals on Sunday. The next running back on Kansas City’s depth chart is rookie Carson Steele, and he’s backed up by veteran Semaje Perine. Fifth-year running back Clyde Edwards-Helaire, who played in 14 games last season, is out until at least Week 5 after starting the season on the non-football injury list. The Chiefs will also bring in running back Kareem Hunt for a visit Tuesday, reports ESPN.
Persons: Isiah Pacheco, Pacheco, , Andy Reid, ” Pacheco, Carson Steele, he’s, Semaje Perine, Clyde Edwards, Helaire, Kareem Hunt, Hunt Organizations: Kansas City Chiefs, NFL Network, ESPN, Chiefs, Kansas, Cincinnati Bengals, Kansas City, Cleveland Browns, Bengals, Falcons, Sunday, Football Locations: Kansas, Cleveland
Amazon is requiring its workers to return to the office full time. He noted that the company's three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary. Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS. However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements. "As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers," Jassy said.
Persons: Andy Jassy, Jeff Bezos, Jassy, JP Morgan Chase, it’s, ” Jassy, It’s Organizations: Amazon, Boeing, UPS Locations: FlexIndex, U.S
The Miami Heat on Monday blasted "hateful speech" aimed at Haitian immigrants, who have been targeted by baseless claims they're stealing and eating pets in Ohio. "The false narrative surrounding them is hurtful and offensive and has sadly made innocent people targets of hateful speech and physical threats," the team said in a statement on Monday. Several schools and municipal buildings were closed in Springfield last week after threats were called in to the Ohio community. The threats unfolded in the wake of wild and completely baseless claims of Haitian immigrants stealing and eating pets. Those lies have gained strength in the past week, with Tump and Vance spreading the fringe, far-right tales.
Persons: Donald Trump, JD Vance, Florida's, Vance, , he's, that'll, Vanessa Cardenas, Sophia Pierrelus Organizations: Miami Heat, Dade, NBC, CNN, Union, America's Locations: Ohio, Springfield , Ohio, Florida's Miami, Dade County, Springfield, “ State, Port, Columbus
The winless Carolina Panthers benched struggling quarterback Bryce Young, the No. 1 pick in the 2023 NFL Draft, in favor of veteran Andy Dalton, the team announced Monday. “This is the best decision for our group, our team, going forward,” Canales said Monday. Young, last year's top pick after a stellar college career at Alabama, has struggled to up his game on Sundays. He started 16 games of the Panthers' woeful 2-15 campaign last year.
Persons: Bryce Young, Andy Dalton, Dave Canales, Young, ” Canales, I’m, He's, Dalton, he's, I've Organizations: Carolina Panthers, Panthers, Los Angeles Chargers, Alabama, NFL, Las Vegas Raiders, Bengals, Pro Bowl Locations: Carolina, Carolina's, Cincinnati
Elon Musk said his now-deleted X post about how “no one is even trying to assassinate” Vice President and Democratic Presidential candidate Kamala Harris and President Joe Biden was intended to be a joke. The tech billionaire’s comment came after what the FBI is investigating as an “apparent assassination” attempt on former President Donald Trump on Sunday. Musk, who owns X, had posted a response to a user who had asked, “Why they want to kill Donald Trump?” Musk, who took over X — then Twitter — in October 2022, has been known to elevate debunked conspiracy theories on the platform. Musk on Monday also responded to a post from Donald Trump Jr. on X about the former president. “The incitement to hatred and violence against President Trump by the media and leading Democrats needs to stop” Musk wrote.
Persons: Elon Musk, Kamala Harris, Joe Biden, Donald Trump, Trump, X —, Kara Swisher, , ” Swisher, Musk, Biden, Harris, ” Harris, Tim Walz, Donald Trump Jr, ” Musk Organizations: Democratic, Sunday, Twitter, Trump, SpaceX, U.S, Minnesota Gov Locations: Trump’s, West Palm, Florida, Pennsylvania, U.S, South Africa, zeroed
The remainder of the reunion tour by the original lineup of Jane’s Addiction, the group’s first in 14 years, has been canceled. At that point, Farrell was seen throwing a punch at Navarro, though it wasn’t clear from the footage whether it really landed. While Dave was keeping Perry at arm’s length to de-escalate the situation, Dan rushed over to de-escalate as well by holding Perry back. Farrell sang well, Perkins crushed it behind the kit, Navarro shredded and Avery anchored the band with his steady work on bass. … However, when it came to singing the songs, Farrell nailed most of them.”The tour by Jane’s Addiction was a co-headlining one shared with another veteran ’80s/’90s band, Love & Rockets.
Persons: Dave Navarro, Perry Farrell‘s, Farrell, , Navarro, Eric Avery, , Perry Farrell, ” Navarro, Dave, Eric, Stephen, Perkins, Etty Lau Farrell, Avery, who’ve, , hasn’t, Avery overreacted, Etty, Perry, cussing, ” Etty, Dan, Kevin, Eric nonchalant, “ Dave, “ Farrell, ” Farrell, JamBase, , Jane’s Organizations: Live Nation, Rockets, YouTube, Boston’s, Bank, Tampa, , Jane’s, Hartford Healthcare, WI, Huntsville, South Star, UT, Sandy, WA, Veterans Memorial, Sierra, Sun, San Francisco , CA Locations: Bridgeport , Toronto, Rochester Hills, Milwaukee, Chicago, Indianapolis, Huntsville, St, Louis, Denver, Sandy, Seattle, Portland, Reno, San Francisco, Los Angeles, L.A, Connecticut, Boston, upstage, Florida, New York City, New York, Las Vegas, Bridgeport, CT, Hartford, Toronto, MI, White, — Reno, San Francisco ,, Los Angeles ,
He said their rhetoric is responsible for threats and violence against him, even though they routinely denounce political violence and did so on Sunday. In turning so fast to Biden and Harris, Trump skipped past appeals for sympathy and even a perfunctory call for calm or unity. The Secret Service fired at a suspect, who fled and was quickly apprehended by police. "I am thankful that former President Trump is safe." The area around Trump International Golf Club was secured after an apparent assassination attempt on Donald Trump in West Palm Beach, Fla., on Sunday.
Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, Elon Musk, Biden, Harris —, Harris, Ric Bradshaw, Mike Johnson, Ronald Rowe, Johnson, won’t, , Spencer Platt, Musk, Joe Raedle, We're, ” Trump, George Floyd's, Nancy Pelosi's, — Biden — Organizations: Biden, Republican, Secret Service, Trump, ABC, Fox News, Convention, Republican National Convention, Democratic Party, Democrat Party, Trump International Golf, Minneapolis police, Capitol Locations: Palm, Palm Beach, Mar, Butler , Pennsylvania, Pennsylvania, Milwaukee, New York, West Palm Beach, Fla
Two former high-ranking New York City Fire Department chiefs were indicted by federal prosecutors Monday on charges of pocketing bribes to expedite fire safety reviews. The charges come as Mayor Eric Adams' administration has been under scrutiny from prosecutors from the U.S. Attorney's office in Manhattan. "New Yorkers deserve better," U.S. Attorney Damian Williams said at a press conference where he announced the charges against the former chiefs, Anthony Saccavino and Brian Cordasco. Jocelyn Strauber, head of the New York City Department of Investigation, told reporters all the sites have since been re-inspected. Both are no longer with the FDNY — Saccavino retired in March and Cordasco retired in June.
Persons: Eric Adams, Edward Caban, Damian Williams, Anthony Saccavino, Brian Cordasco, Cordasco, Williams, Jocelyn Strauber, Saccavino, Robert Tucker, Adams, Caban’s, Sheena Wright, Public Safety Philip Banks III, , ” Williams Organizations: New York, New York City Fire Department, Police, U.S, FDNY, department's, of Fire Prevention, New York City Department of Investigation, Department, FBI, Public Safety Locations: New York City, Manhattan
The man arrested in connection to an apparent attempted assassination of former president Donald Trump appeared to follow law enforcement directions and was taken into custody without incident, footage of the confrontation released on Monday showed. Driver go straight back, keep walking," a law enforcement agent wearing what appeared to be a protective "SHERRIF" vest said. Two law enforcement agents then grabbed his hands and handcuffed the man, the video showed. A witness who spotted Routh and his car was crucial to helping law enforcement find the suspect quickly, Martin County Sheriff William Snyder said. "If he's a lone gunman, President Trump is that much safer because we have him.
Persons: Donald Trump, Ryan Wesley Routh, Routh, Martin County Sheriff William Snyder, Snyder, Trump Organizations: Sheriff’s, Martin County Sheriff Locations: Martin, Trump's Florida, Martin County
KYIV, Ukraine — The shots fired by the Secret Service near former President Donald Trump at a Florida golf course Sunday are ringing out 5,000 miles away — in the Russia-Ukraine war. After what officials called the second assassination attempt on Trump in three months, a man named Ryan Wesley Routh, 58, was taken into custody and charged. Routh had already been extensively profiled in the Western media as an ardent supporter of Ukraine in its fight against Russia’s ongoing invasion. Ukraine sought Monday to distance itself from Routh, with the country’s international legion — the military unit that includes foreign volunteers — saying it had nothing to do with him. “We would like to clarify that Ryan Wesley Routh has never been part of, associated with, or linked to the International Legion in any capacity.
Persons: Donald Trump, Ryan Wesley Routh, Routh, Kamala Harris, Joe Biden’s, Volodymyr Zelenskyy, ” Dmitry Medvedev, Russia’s, Dmitry Peskov, , Kathleen Shaffer, , Trump, Sen, Bernie Sanders, Tulsi Gabbard, Biden “, Putin, Kim Jong Un, Banner, Daryna Mayer, Alex Smith, Caroline Radnofsky Organizations: Service, Trump, NBC, Kyiv, Democratic, GOP, Nazi, Security, U.S, , International Volunteer Center, Facebook, Moscow, AFP, Getty, Ukraine’s International, NBC News, International Legion, Armed Forces, Russia Locations: KYIV, Ukraine, Florida, Russia, United States, Kyiv, U.S, Moscow, Kiev, Ukrainian, Hawaii, Kyiv’s Maidan, London
Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike of more than 30,000 factory workers. Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal, halting most of Boeing’s aircraft production. It was the first clear sign of how the strike will affect the hundreds of suppliers that rely on Boeing work. The financial impact of the strike will depend on how long it lasts, but Boeing is focused on conserving cash, West said at a Morgan Stanley conference Friday. On Friday, Moody’s put all of Boeing’s credit ratings on review for a downgrade and Fitch Ratings said a prolonged strike could put Boeing at risk of a downgrade.
Persons: Brian West, ” West, West, Morgan Stanley, Kelly Ortberg, Moody’s Organizations: Boeing, Morgan, Fitch Locations: Seattle
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