Making Boeing great again starts with a labor deal, according to Wall Street analysts.
Shares of Boeing Co (NYSE:BA) are down 2.4% at $153.28 at last glance, amid news that the International Association of Machinists and Aerospace Workers' (IMA) will extend its prolonged strike.
Union members have rejected Boeing's latest offer, meaning a strike that is costing the company $1 billion a month will continue. Transcript: Conway Gittens: The Nasdaq leads the way Thursday after Tesla earnings far exceeded forecasts and quarterly revenue came in slightly below expectations.
Greg Waldron, Asia managing director at FlightGlobal, says it's going to be a long road for Boeing to start getting things back on track, as machinists reject new labor contract.
Aside from Intel (INTC), no company in the Dow Jones Industrial Average has had a more difficult year than Boeing (BA).
Mario Veneroso of Kingsview Asset Management says that Boeing has been "dead money" for awhile and he sees a tough road ahead even though it has a strong order book.
The stock market is about to undergo a major global shift. Over the next decade, the generational wealth accumulated over the past ten years may shift into a stagnant phase, resembling Japan's "Lost Decade" for U.S. stocks.
Boeing reported a huge loss, and its striking union rejected a fresh contract offer on Wednesday. CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan.
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news from Boeing.
Third Bridge's Peter McNally discusses the impact of striking Boeing workers rejecting the latest contract offer will have on the company's financial situation, as it continues to burn through cash.
Boeing workers rejected a deal to end the strike for the second time, late Wednesday.
Until recently, Boeing seemed insulated from any default risk but the continuing machinist union strike comes at a huge cost of about $1 billion in cash a month, and markets are worried.