BA Dec 2024 270.000 call
| Previous close | 0.1100 |
| Open | 0.0600 |
| Bid | 0.0500 |
| Ask | 0.2900 |
| Strike | 270.00 |
| Expiry date | 2024-12-20 |
| Day's range | 0.0600 - 0.1400 |
| Contract range | N/A |
| Volume | |
| Open interest | 84 |
- Yahoo Finance Video
Boeing union strike won't last too long, analyst explains why
Boeing (BA) factory workers are out on the picket line for the first time in 16 years after nearly 96% of its union members voted to reject a tentative labor agreement and go on strike. Bloomberg Intelligence analyst George Ferguson joins Morning Brief to break down the news and how it may add to an already rocky year for the company. Ferguson believes that the strike is "extremely significant" to Boeing's second-half recovery as it looked to deliver more of its 737 jets. "It's their money-making airplane, best cash generator, best profit generator. So to have deliveries get shut down on that is really problematic for their financials," he explains Ferguson notes that the workers on strike are likely looking at the agreement at Spirit AeroSystems (SPR), and will likely seek higher pay and a bigger commitment on the successor to the 737. "The way the commitment was written, Boeing sort of guaranteed to the union that they would build that airplane in the Pacific Northwest if it was launched in the next four years. I suspect they would want maybe a bigger commitment on that... That would ensure union jobs on the most important program," Ferguson highlights. He adds that the aircraft manufacturer has "really been sort of squeezing the union over the last bunch of years to try to improve financials, and I think they get a sense now for what their value is to the company." The company will likely have to "give ground" to the union since it "needs the workers right now more than the workers need Boeing." With this dynamic at play, Ferguson doesn't expect the strike to last long. However, if the strike persists for a longer period of time, there will be "ripple effects through the aerospace supply chain," and airliners like Southwest (LUV) and United (UAL) will be impacted most by a stoppage in deliveries. Ferguson expects these effects to be felt within a week: "I just don't see management teams going down there and getting that many airplanes completed and out to customers." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
Nvidia, August PPI and jobless claims ahead of Fed cut: Morning Brief
US stocks were mixed heading into Thursday's session, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) up, extending Wednesday’s gains, while the Dow Jones Industrial Average (^DJI) hovered below its flat line. Top Wall Street experts join Morning Brief hosts Seana Smith and Brad Smith to discuss the latest economic data, demand for Nvidia’s (NVDA) chips, a potential Boeing (BA) union strike, and top trending stocks. The Producer Price Index (PPI) showed prices increase by 0.2% month-over-month and 1.7% year-over-year in August. Initial jobless claims also came out above estimates for the prior week at 230,000, compared to the 227,000 expected. The new data comes after Wednesday’s in-line Consumer Price Index (CPI) print and ahead of the Federal Reserve's September FOMC meeting next week. Oxford Economics chief economist Ryan Sweet tells the Morning Brief team that the data is a "slam dunk" for a 25-basis-point interest rate cut from the Fed next week. KeyBanc Capital Markets equity research analyst John Vinh joins the Morning Brief to discuss competition among chipmakers during the ongoing artificial intelligence (AI) race after Nvidia CEO Jensen Huang’s comments about demand outpacing supply sent the chipmaker’s stock higher. Investors are watching Boeing (BA) as factory workers vote on the tentative labor agreement today, with a potential strike of 33,000 union members still looming. The Morning Brief team examines the morning's stock moves of the top trending tickers, including Kroger’s (KR) earnings-fueled gains and Moderna’s (MRNA) tumble. Other top trending stocks on the Yahoo Finance platform include Norfolk Southern (NSC) and 7-Eleven parent company Seven & I Holding (SVNDY). This post was written by Naomi Buchanan
Barrons.comBoeing Workers Are on Strike. It Can’t Afford a Long Walkout.
The big questions now are what’s next for the company and the stock, as well as how it came to this.
