Boeing strike, Adobe and Oracle, markets: 3 Things

33,000 Boeing (BA) factory workers decided to go on strike last night after unions voted to reject the aircraft manufacturer's proposed labor contract.

As Adobe (ADBE) shares fall in pre-market trading on weaker-than-expected fourth quarter guidance, Oracle (ORCL) is on the rise, presenting a mixed picture in the overall AI landscape.

Lastly, US stock futures (ES=F, NQ=F, YM=F) swing higher as the equity market hopes to offset the volatility seen at the beginning of September.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

Let's get to the three things that you need to know today.

More than 30,000 Boeing workers are walking off the job after overwhelmingly rejecting a contract offer that included among other things based wage increases of 25% over four years.

The union president of the local district saying that they'll have to go back to the bargaining table.

This is about respect.

This is about addressing the past and this is about fighting for our future.

The work stoppage will halt production of the company's aircraft.

This is the first strike of Boeing in 16 years.

The last one that lasted for 52 days.

We're also tracking a mixed A I picture this morning, Adobe shares falling on a weaker than expected sales outlook.

Investors were hoping to see stronger evidence that the company's A I tools are generating cash.

And on the other end, you got oracle shares on the rise on an upbeat long term revenue forecast.

The bullish signal for the company's cloud infrastructure business and stock features rising ahead of the open on track for the fifth straight day of gains and NASDAQ heading for its best weekly performance in 10 months.

Wall Street is looking ahead to the feds.

The next policy meeting where the central bank is largely expected to cut interest rates by 25 basis points.