Boeing and the leaders of its union have reached a “negotiated proposal” that could end the weeks long strike. Transcript: CONWAY GITTENS: Stocks are coming off a six week winning streak - the longest of 2024.
Eric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss news of Boeing reaching a tentative contract proposal with the machinists' union, corporate fallout from the strike, the challenges facing CEO Kelly Ortberg, and more.
Boeing (NYSE: BA) has been one of the most troubled major companies in the U.S. in the last year or so.
“There was substantial upside if one bought Boeing stock” during prior strikes in 1989, 1995 and 2005, an analyst says, though a 2008 strike that coincided with the Great Recession was an outlier.
Doug Harned, Bernstein aerospace and defense senior analyst, joins 'Squawk Box' to discuss news of Boeing reaching a tentative deal with the machinist's union, impact of the strike on the company, the challenges facing CEO Kelly Ortberg, and more.
When earnings season comes around, pockets of volatility can be exploited during financial releases as long as investors get the direction of the stock right during the release. Ideally, positionings will be made before the reports are out, using the right indicators and gauges to determine the probabilities of an up move versus a selloff.
Aerospace firm Boeing and a union have a tentative labor deal to end a strike. Some 33,000 union members vote Wednesday.
Emirates has ordered five Boeing 777 freighters, eventually expanding its fleet to 21 of the planes. The order comes days after Emirates' boss criticized a fresh delay to Boeing's new passenger jet, the 777X.
Boeing is expected to book more than $1 billion in wage-related expenses from its proposed labor contract, analysts said, although its shares rose 4% on Monday on hopes of an end to a crippling strike.
Dubai's Emirates has ordered five Boeing 777F freighters and will make a decision this year on a purchase of further Boeing or Airbus models for its fleet beyond 2028/29, the airline said on Monday.
Boeing closed a deal this month to sell a small defense subsidiary that makes surveillance equipment for the U.S. military, the company said on Sunday, as the planemaker looks to shore up its struggling finances.
Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday.