Producer prices, Nvidia CEO, Boeing labor talks: 3 Things

After August's Consumer Price Index (CPI) largely came in line with economist expectations, producer prices came in a touch hotter than expected. The Producer Price Index (PPI) saw prices increase 0.2% month-over-month and 1.7% year-over-year. Initial jobless claims also came out above estimates for the prior week: 230,000 versus the 227,000 expected.

Nvidia (NVDA) CEO Jensen Huang's comments on the company's chip demand seemingly gave the tech sector (XLK) a burst of energy in Wednesday's session.

Boeing's (BA) contract with factory workers is set to expire today. The aircraft manufacturer reached a tentative agreement with union leadership earlier this week with the 33,000 union members to vote on the deal on Thursday.

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

It's 9 a.m. here in New York City.

I'm Sean Smith alongside Brad Smith and this is Yahoo Finance flagship show the morning brief.

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

Starting with the markets, stock futures are relatively flat.

After a mixed inflation reading, wholesale prices came in a bit hotter than expected on a monthly basis in August.

But on an annual basis, the number is in line with expectations and is cool significantly from July's revised level initial jobless claims though ticking up slightly last week coming in above estimates, the data comes as more investors pricing a 25 basis point cut from the fed later this month in video leading A I stocks higher.

The chip giant is back in favor on Wall Street after CEO J and W to incredible demand for blacks.

It's so great.

Uh And everybody wants to be first and everybody wants to be most and everybody wants to be and so that the intensity is really, really quite extraordinary.

NVIDIA is just below the flat line and pre market trading, but it did close up 8% yesterday on Wednesday and Boeing faces the threat of a strike as 33,000 union members head to the polls to vote on a critical labor contract.

The chief executive Kelly or beg is making final pleas to avert the strike saying it would put the company's recovery in jeopardy.

Here.

Boeing has been struggling to come back from a series of manufacturing incidents including one in January when a door plug blew out on an Alaskan Airlines flight.

The current labor contract was reached in 2008 after a two month strike and the tentative agreement includes a 25% wage bump over four years.