boeing.shows that they prioritize speed over quality over serious safety concerns and this survey is illustrated behind me. according to it, conducted by boeing in may, i should emphasize, conducted by boeing, quote, schedule pressure is still significant. survey found one in three boeing employees said schedule pressure may cause their team to lower its standard. that is a profoundly disturbing finding. the memo also reveals that faa found more than 100 alleged instances of non-compliance with federal regulation and boeing's own procedures as part of a special audit examination of boeing and its supplier, spirit aerosystems after the door plug blowout. the faa found alleged non-compliance over crucial stages of the production process. for example, the faa found that, quote, boeing is failing to ensure many of their employees have the appropriate education, training, skills or experience to effectively perform their assigned assigned tasks, end quote. the faa found numerous instances of boein

boeing must do the same. they must make significant changes to transform their quality system and ensure the right layers of safety are in place. i continue to be directly engaged with senior leadership to make sure boeing executes the necessary changes, to transform and safety culture and address its production quality issues. i met recently with their new ceo and reemphasized our expectation that these changes must be sustained in the long term. thank you again for the opportunity to be here and i look forward to your questions. >> thank administrator whitaker. i'm going to defer my questions and yield to the senator for the first set of questions. >> thank you very much, mr. chair, for that courtesy and thank you in the ranking member for this hearing. mr. whitaker, thank you for being here today to speak about the importance of really robust safety oversight on the aviation industry. i want to start with a question you've just gone over a number of the things that the faa does to exercise oversight. but b

they are wedded to the _ seen from boeing. they are wedded to the boeing - seen from boeing. it's— wedded to the boeing 737 max and it's what _ wedded to the boeing 737 max and it's what they _ wedded to the boeing 737 max and it's what they fly - wedded to the boeing 737 max and it's what they fly so - wedded to the boeing 737 max and it's what they fly so they. and it's what they fly so they have — and it's what they fly so they have tteen— and it's what they fly so they have been impacted. - and it's what they fly so they have been impacted. they. and it's what they fly so they. have been impacted. they don't yet have — have been impacted. they don't yet have clarity— have been impacted. they don't yet have clarity over _ have been impacted. they don't yet have clarity over 25- yet have clarity over 25 aircraft _ yet have clarity over 25 aircraft that _ yet have clarity over 25 aircraft that are - yet have clarity over 25. aircraft that are supposed yet have clarity over 25- aircraft that are supposed to be delivered _ aircraft that are supposed to be delivered in— aircraf

it has been extremely costly for boeing. been for boeing.llow workers. they have had to get rid of their managerial workforce. they had to cut back. it is up to go to shareholders to raise more money. it has now raised tens of billions of dollars. this is a strong position and it was. but it now needs to concentrate on restoring relations with its workforce so we can get on with its other priorities. building their planes quickly and building them in a way that sec for spies regulators. safety standards are at a high level. there was a big scandal where boeing's quality control was in question. boeing's quality control was in cuestion. . boeing's quality control was in cuestion. ,, , ., �* �* question. stay with us on bbc news as we — question. stay with us on bbc news as we cover _ question. stay with us on bbc news as we cover our - question. stay with us on bbc. news as we cover our coverage of the us election. as you can see, there are like pictures of people voting here in new york. we will be talking to some of them. stay with us. we h

, , , s. , six weeks of the strike alone w estimated to cost boeing and s. , is estimated to cost boeing$8 billion. and the us economy as a whole about 10 �* the workforce are billion. if the workforce are not building planes, planes not leaving the factory, nothing is being sold and suppliers building up inventory are not getting money either. you building up inventory are not getting money either. building up inventory are not getting in oney either. building up inventory are not getting in some either. building up inventory are not getting in some respects in said building up inventory are not getting in some respects this id boeing in some respects this time around where on the back foot. how so?— time around where on the back foot. how so?_ and to deal with a major safety and quality control crisis triggered at the start of the year when a disused doorfell off a plane, a 77 max, a offa plane, a 77 max, a brand—new off a plane, a 77 max, a brand—new plane climbing out of portland, oregon. that put a focus on what boeing has been doing in the last few years in terms of trying to impro

i think that none of us want boeing to fail on the contrary. we want boeing's success. we need it as i said earlier. the faa has a vital role if safety as you well know, but i think being more aggressive an proactive and forcing a change in culture means the faa sometimes has to be the bad guy here. it has to compel change. and make sure that we're not just recycling past commitments and promises that have proved to be empty at the end of the day. thank you very much. really appreciate your being here. the ranking member promised that we wouldn't beat up on you, and we are on the same team. i hope. insofar as we have the same objective but our investigation will continue and we hope the faa will be a positive partner in this effort. >> absolutely, sir. we will do that and we've got a list to follow up so we'll communicate with your staff. >> thank you. this record will remain open for 15 days.er for additional comments or questions. senator butler indicated she may have some and my other colleagues as well. my thanks for being here administrator whitaker. thank you. wit

boeing, you know, boeing have given them a pretty good offer.what the general wage increase relates to other -- to other contracts. i think it's a pretty good -- a pretty good offer. i think eventually it's going to get figured out. i think you have to look in the long term with boeing. there's a half a trillion order backlog. >> a lot of people are saying that to us. cert certainly, if they dcan't get te deal done, is the idea of two contract proposals rejected? is that really priced into this stock? >> well, i think it is and i think the equity offering and preferred offering, you know, essentially helps them out to bridge that gap for, you know, for the near term. so, i don't think cash flow is going to be an issue, you know, essentially an alligator coming to the boat right now. i think, you know, over the long t term, if they can't have this over in a matter of months, i can't imagine as we are at two months now. they will get this figured out. they have to come back to the table and it will eventually work. >> you have confidence in the co

how costly has the process been to boeing? extremely costly.have figures for, it is estimated to cost boeing and its suppliers, don't forget them, about $8 billion. and the us economy as a whole about 10 billion. if the workforce are not building planes, planes not leaving the factory, nothing is being sold and suppliers building up inventory are not getting money either. you said boeing in some respects this time around were on the back foot. how so? boeing is trying to deal with a major safety and quality control crisis triggered at the start of the year when a disused doorfell off a plane, a 77 max, a brand—new plane climbing out of portland, oregon. -- a 730 —— a 730 max. that put a focus on what boeing has been doing in the last few years in terms of trying to improve its safety and quality control standards. regulators have clamped down on the company in a very big way, so it was trying to ramp up production. it was under the spotlight from regulators and then it had to deal with a serious dispute with its own workforce in some of its mos

boeing has yet to finish one calling scott a to better. boeing declined to comment for this story. astronauts, butch wilmore and suni williams took boeing starliner to the international space station in june. but after problems with the boeing capsule, a spacex crew dragon will bring them back, turning an eight-day mission into several months. nasa says working with private companies actually saves taxpayers money. the u.s. pays a fixed price and the private companies pay for any cost overruns. colorado senator john hickenlooper says boeing's results are unacceptable sit and >> watch it happen and and not raise a ruckus. shame on chairman frank lucas leads the house committee responsible for overseeing. there will be a grand reassessment of everything. and we'll see if the course we've been on us direction. we need to go and separate from congress. nasa's inspector general opened an investigation into the commercial crew program. >> in washington and in a better. >> back down honors to the racetrack we go. we're down to the championship 4 in the nascar xfinity series. the final rac

danny: the key thing now is to figure out what boeing needs to focus on next. does he jump to the space unit, which has been a money losing business, has cost boeing a lot of money? and the cash burn boeing will face into the first half of next year, how will they manage to settle that? there are so many things financially and also strategically that they will need to focus on, and of course, with the strike being done, this should alleviate the threat of a credit rating downgrade that was at risk from the strike. tom: bloomberg transport reporter danny lee, thank you very much indeed. a consequential day for boeing with the ending of the strike. coming up, the future of u.s.-china relations as voting gets underway in the u.s.. we will get the view from the european union chamber of commerce in china. that is next. this is bloomberg. ♪ tom: welcome back. chinese shares climbing after the services index picked up more than expected and the top legislative body reviewed a proposal to refinance the hidden that of local governments. comments from the premier at the

the - that is the weakness that boeing has. over four years. what the workers ended up with was 38% over four years, which is much, much better. the bonus for simply ratifying this deal is now $12,000. it started at 4000. it started at 4,000, so it is a significant improvement. and i think what's happened here is that boeing was taken aback a little bit early on by how strong the opposition to its initial offer was. and there are some deep—seated resentments within boeing's workforce over previous deals. ten years ago, for example, workers in that region lost their defined benefit pensions. at the time, boeing was in a stronger position, it could threaten to take work out of washington state and into a different part of the united states. it's not in that position any more. it's dealing with crises. it has a safety and quality control crisis on its hands, and it needs to fix relations with its workforce. so that's why i think we've had this holdout from the workforce and boeing ultimately giving in to a large extent on what the

we have thinking about boeing now?p decline in the share price across this year. year—to—date, the share price is down a0%. if we put that into this of, the s&p 500, for example is up 20% year to date and air bus is flat across the year. that gives us some idea of the extent of the loss we are seeing. following the news of this latest offer, we have seen share prices rise 2.7%, but that is minimal compared to the losses we have seen, but in order to get investors back on board, there are a lot of parts that need to be worked on. the first one will probably be getting the workers back into the factories and the workers working again. indeed. thank you for that. the boss of one of america's biggest energy technology companies has told the bbc hydraulic fracking for oil and gas better known as fracking is still necessary. fracking is an important issue in the us presidential election and lorenzo similarly spoke to our north america business correspondence. fracking has been instrumental _ correspondence. fracking has been

to boeing and a hue traders visions. to boeing and a huge day — traders visions.for the struggling i a huge day for the struggling plane—maker as striking workers vote on a third they offer after rejecting the previous two. the strike by 33,000 machinist in the pacific northwest has been dragging on for more than seven weeks, halting production of the 737 acts and triple seven aircraft at two plants in the seattle area. boeing is now offering a 38% pay rise over four years as well as an immediate $12,000 bonus. there are still below the 40% the union initially asked for. let's take a quick check on the markets. if we look at uw are seeing stocks mostly higher, oil and gas stocks leading the gains. oil has been rising on opec plus and middle east tensions in asia we saw stocks mixed and here in the us stocks are modestly higher ahead of the presidential election and the federal reserve decision. that trump tried fading a little. that is all we have time for. hello from the bbc sport centre. i'm delyth lloyd. he may be the new manchester united manager but ruben amo

workers at boeing have voted to accept a deal to end a seven—week walk—out.eceive a 38% pay rise during the next four years, as well as a substantial bonus and improved retirement funding. it means 33,000 employees, mainly in washington state and oregon will now return to work, following a strike that analysts believe has cost the company and its suppliers more than $8 billion. rain continues to cause disruption in spain. parts of barcelona were flooded on monday — less than a week after the devastation in valencia which has killed at least 200 people. water entered parts of the main airport serving barcelona and some motorways were covered by water. further south down the coast, rescue workers in valencia are continuing to comb through underground car parks, searching for missing people. 0ur europe correspondent nick beake has this report. the official search for bodies goes on, all along the flood—ravaged ravines, but many of the families of spain's missing have given up on the authorities and are doing the work themselves. this new instagram page, part tri

boeing, getting off the criticism in a moment, and airbus is disrupted like boeing, and boeing gets alld it's unfortunate. boeing is at a low point but will come back in 2026. >> so you said she's answering the phone, and was that not happening before? >> no, dave calhoun who i dealt with in boeing before did a remarkable job, and he got the max ungrounded, but his managers were not in seattle but on tour around the world talking to customers, and we need people in seattle and fixing the problems and i am heartened by the job stephanie pope is doing, and she's doing her best to get things resolved. i hope the labor thing gets resolved in november. it will carry 210 million passengers instead of 215, and even though we have grown by 10 million passengers, we are the only airline in europe where costs remained flat. the gap between us and every other european airline is widening. if we see any upside in pricing next year that will flow straight through to our bottom line and shareholders. >> you mentioned most of the online travel agents have come back in and booking.com has not yet. how

we've got a little bit of good news around boeing, boeing stock up about 4% today. a tentative, and that's a critical word, tentative deal with their machinist union. the new offer would include a 38% raise over four years, and either a $12,000 signing bonus, or a smaller bonus, but an included 401(k) match. union members, tim, are set to vote on the contract on monday. is the strike, i don't want to say crippling yet, but if it goes on longer, it could be? >> yeah, and i think we've had some moments where we thought it was settled two weeks ago or ten days ago. this is a company that's coming to the market and has raised a lot of money. i think from a credit perspective that's been good in the short run. the bottom line is, when you talk about boeing, when i've been excited about boeing over the years, this is a company that's spun off a lot of free cash flow and that was part of the magic that was going to come back. the irony is look at airlines. they're now coming back and taking back what was theirs pro-covid. delta is soaring, up $60. there are a lot of indust

boeing has improved _ they are counting on. boeing has improved a _ they are counting on.improved a proposal- they are counting on. boeing has improved a proposal to l has improved a proposal to striking workers. offering a 38% pay rise over four years. more than 30,000 workers have been on strike for almost two months, slowing production for the company which is raising challenges on multiple runs. workers are set to vote on the new offer on monday. with just four days until the us election, it looks to be a tight race. one of the hot topics is the immigration policies of the candidates. vice president harris said us immigration system is a legislative fix, meanwhile former president trump has called for more restrictive measures at us borders. this chart shows the steady rise in migrants to the us from just before the 1980s. our correspondent explains why immigration has become so divisive. it immigration has become so divisive. , , , ., divisive. it is because we have not upgraded _ divisive. it is because we have not upgraded our _ divisive. it is because we have not u

and james calhoun said, doesn't matter to boeing because both candidates understand what boeing does, both candidates understand the nature of the need, the boeing fills, and they're going to do just fine. so what he was saying was, we know that boeing makes uh, aircraft, uh, uh, parts and, and, and, and fighter planes along with lockheed martin any others. and so he's in the york basically what i took away from that was the year is going to continue. they're still going to get paid. it doesn't matter who's in the white house so. so that's the point about it's a matter of funding that the system yes, needs to be changed. but with in the established system, there could be space. if a candidate had got to stand up and champion the the, the proper issues. unfortunately, there is the financing that is um, that is corrupting the system. well, uh, the way i see both candidates right now, i champing sound, i champing some issues. for example, donald trump is speaking about with immigration and uh, he may be very unorthodox in the way he conducts his argument, but still, i mean, he seems to b

. >>> is a new era about to take off at boeing? striking workers at the aerospace company are set to hold another vote for a new contract. we're live with cnbc on whether this could bring an end to the seven-week work stoppage. >>> the colts ride into minnesota to take on the vikings. find out if the vikes were able to get their season back on track. >>> and you couldn't have asked for a better day to run 26.2 miles across the five boroughs. we have all the incredible finishes from the new york city marathon. it's monday, november 4th. "early today" starts right now. >>> good morning, glad you are with me, i'm frances rivera. we have reached the eve of the election and this race is razor tight. the final poll from nbc news has the candidates tied with 2% of registered voters undecided. and there is a gender divide. donald trump is winning over more male voters, while more women prefer vice president harris. we will be with jay gray in just a moment with the latest from the state that could make all the difference. >>> meantime, elo

we have breaking news on boeing.en on strike for weeks voting in favor of the contract. let's get to phil lebeau for the latest. phil, good morning. >> reporter: frank, 59% of the machinists who voted for this contract or voted on the contract approved the deal. 33,000 members of the machinist union voted for the deal. this is the third vote over the course of 54 days. this time, they got it across the finish line. 59% approved a new four-year contract. 41% said no. here's the reminder and the contract, basic tenets here. 38% raise over four years and enhanced 401(k) match from the company relative to the previous contract with what they were working on before the strike. you have a $12,000 signing bonus. you can take all $12,000 or $7,000 and a deposit in the 401(k). here is the union leader talking about how hard it was to get the deal done. >> this is a success. this was a win. it was a hard bargaining on both sides. there are always hard feelings. we'll get through it and get back to building airplanes. >> report

how are markets are pricing around the ecb and the boe?here was a surprise to anybody in the major markets yesterday especially, it was the weakness of the euro. i think people were taken back, they expected the gun and you want to be relatively weak, but maybe not the euro. people think there is a risk that potential new tariffs on europe, in relative terms, could be more severe than they are in china in the sense that they do not exist and europe is not so well prepared for it. so that is a shock in that point of view. that means, in turn, the european central bank will probably have to do more heavy lifting. because of the federal reserve next year will slow down rate cuts, possibly take a long pause, that means the european central bank who work cutting on the fed cutting to her basis points next year. that alex very unlikely so the european central bank will be thinking if there is a risk to our economies and the fed doing less, that means even more from the ecb. that is what markets are pricing into the euro. as you announced at the

boeing has yet to finish one calling scott a to better. boeing declined to comment for this story. astronauts, butch wilmore and suni williams took boeing starliner to the international space station in but after problems with the boeing capsule, a spacex crew dragon will bring them back, turning an eight-day mission into several months. nasa says working with private companies actually saves taxpayers money. the u.s. pays a fixed price and the private companies pay for any cost overruns. colorado senator john hickenlooper says boeing's results are unacceptable sit and >> watch it happen and and not raise a ruckus. shame on chairman frank lucas leads the house committee responsible for overseeing. there will be a grand reassessment of everything. and we'll see if the course we've been on us direction. we need to go and separate from congress. nasa's inspector general opened an investigation into the commercial crew program. >> in washington and in a somewhat. >> all right. now to the race track, we're down to the championship 4 in the nascar. xfinity series. the final race is going

also coming up, the clouds part for boeing.res have been on the rise as workers agree a deal to end their damaging strike. and from their damaging strike. and from the world travel market in london, we take a closer look at the bounce back in global travel and the big risks lying ahead. we will start in the us with the race for the white house which is in its final stretch with opinion polls mixed on who will become the next president of the world's biggest economy. any minute now we are expecting donald trump to place his vote in palm beach in florida. these are live pictures of the polling station close to his florida home at —— and we will bring you the live pictures when donald trump does show up to cast his ballot. his third ever presidential vote for himself. global investors remain on edge with many unsure which way us economic policy will swing, depending on who wins. kamala harris has pledged to raise corporate taxation from 21% where it stands now up to 28% as part of her plan to make the wealthy pay their fair share.

and ryanair is cutting its passenger goal to 210 million on those delays from boeing. we know members will be voting on the latest offer. we know there's been significant delays in terms of deliveries as a result. and ryanair is a key customer independent on those deliveries and they project out. third quarter deliveries expected to slip in the fourth quarter on those boeing strikes. and we will be speaking to the cfo and asking him about that projection in terms of softer passenger numbers and the impacts of boeing on the airline. it is all about the dollar now. you have a softer dollar and bond futures are lower as well on expectations that this is a closer race with some polls suggesting kamala harris has an edge like iowa. but broadly it looks like an incredibly tight race and european futures are pointing to modest gains in the ftse 100 currently off by .1%. in s&p futures ending lower. nasdaq futures looking to gain around .4%. we have some positive earnings from intel and amazon to play into the markets let's lacrosse asset. the softness there is impacting to th

boeing with the pick and the dei and it's illegal, bottom line.l rights act and public accomm accommodationd they wrote it to apply to employment going for them to think about it and title two today and going for the civil rights act going for them in the line and going for dei. it's every company going for boeing just the latest and in the news and going horrible in the air and it's strike and going for the company teetering for the time and ceo and going for every company is scrubbing dei. going for trump. it's gone for them and going for the plan. dei is one aspect that if trump gets elected and you can see sec chair and doj. going there and at least that's what the talk is and obviously got to win it tonight and democratic ground game is great and going for them on the end and it's using them to see how the markets react and it's going after dei if he gets elected and people blend at the closest and close inside the campaign and they have the idea how to de-woke corporate america, liz. liz: very smart investors clinging to a pile of cash ahead

boeing was putting it together.till the right airplane. i am proud of the folks from of the engine that is critical to keep it flying. no bring chicken but all i can say is yes, we really need that aircraft and look forward to working with boeing. when i look at the impact, their pieces be kept putting. we really need the airplane. >> have to look at the latest based on continued resolution. i can get back to what the latest estimation but it's several years past. >> the only other question i would ask is the 238 and afford to. >> i don't think that is unique to. they have upgraded the cockpit but we're just learning how to fly. you not a pilot until you're done with 48. it's not unusual to have a different system because it's not necessarily just to make you a fighter pilot. understand fighter but is not unusual to have the leap. >> turned to your plans for the indo-pacific. >> tell us how that is going to play in a potential war with china. >> i think you may have been terms. cold war germany fighting not only in

workers at boeing have voted to accept a deal to end a seven—week walk—out.ive a 38% pay rise during the next four years, as well as a substantial bonus and improved retirement funding. it means 33,000 employees, mainly in washington state and oregon, will now return to work following a strike that analysts believe has cost the company and its suppliers more than eight billion dollars. mike dunlop, an independent aviation analyst and author of the art of the turnaround said boeing still has a long way to go to resolve its problems. a lot of work to be done at the union in the rank and file, and there is a full four years to get that situation improved. i would like to see an agreement on the next contract sometime in the next three years rather than waiting right to the last moment and then having another stoppage, because i don't think boeing can genuinely afford any more stoppages. they've had a number in the years that i've been in seattle and each one has been very, very disruptive. aviation analyst mike dunlop. extremely heavy rain is causing more floodi

. ♪♪ >>> >>> a deal to end boeing's machinist strike could finally take off.irst, we're just hours away from the last jobs report before the election. dow jones economists expecting to see 100,000 jobs added in october dragged down by hurricanes and labor strikes. cnbc's sylvia amaro is here with a preview. >> indeed, all eyes today on non-farm payrolls. this will be the last opportunity, really, to get a check on the labor market ahead of the u.s. election next week. but also before the federal reserve is due to meet as well next week. now the data is expected to show the smallest increase in nearly four years, and one of the reasons behind that is the recent worker strike, including at boeing. speaking of which, boeing workers are expected to vote on a negotiated pay package on monday. of course we know this could actually put an end to a strike that has dragged for more than a month. when you listen to what the union has said, they have suggested that they've indicated to their members that staying on strike longer wouldn't be the right decision, as we have

unionized boeing workers voted in favor on monday of a new contract.is brings to a close more than seven weeks of strikes. so members voted 59% in favor of this new deal, which will grant them a 38% pay raise over the next four years as well as a $12,000 bonus and new pension benefits. now it is the third deal that they've voted on after rejecting the first two. and it's slightly shy of the 40% pay raise that unions have wanted, but certainly an increase on the 35% that was orig originally offered. and the rippinepresenting u.nio endorsed the deal. it's certainly welcome news now for the embattled plane maker which has gone from crisis to crisis and will certainly be ready to get production back up and running, but it's also positive news for the workers, many of whom have suffered great financial hardship as the result of the strike. they'll be happy to get back to work, frances. >>> still to come, polls open in just a few hours, and all eyes will be on the results as they roll in. nbc's richard lui is here to break down the key brountd states to watc

about 33,000 boeing workers have been on strike for seven weeks, shutting down production of most boeingday. adani group, the indian conglomerate owned by the billionaire gautam adani, has begun to cut electricity supplies to bangladesh and threatened to completely shut down power exports because of a payment dispute. bangladesh owes nearly $800 million to adani for the power supply amidst the current political and economic turmoil. let's get more on this with our india business reporter archa na shukla. what's going on? well, if you look at bangladesh's - what's going on? well, if you i look at bangladesh's government power grid data, from october sist, power grid data, from october 31st, adani group has halved the exports of power to bangladesh from its 1600 megawatts coal—fired power plant in eastern india. reports say they have threatened that if the payment plan is not in place by the next few days, the company will cut complete supplies. adani's supplies account for 8—10% of the overall power demand in bangladesh. so any cut would definitely impact millions of bangladeshis who have

i had to look at the latest from boeing based on the contending resolution. i canan get back to us what the latest estimate is that it's currently as you said several years past when we had program for it. >> the reason we need a t7 his pilots don't have the right avionics package in the sea 48. it's a completely different avionics package. t >> i don't think that we need to f-35 for f-22. they have created the cockpit so they have upgraded that put the avionics you are just learning how to fly and you aren't even a certified ensure minute pilot until you're down with the t-38 so when you go into the next weapon system that's not unusual toal have a different avionics systems. a t-38 isn't just to make you a fighter pilot. thee high-performance aircraft helps you understand the flight dynamics and the aerodynamics of the fight for f the avionics is not unusual for that to be a big leap in training of the aircraft. >> let's turn to your plans for the indo pacific. there's this new exercise you are talking about the few weeks ago returning forces to the pacific

let' >>> let's take a look at boeing shares.g workers agreed to the deal bringing the seven-week long strike to an end. a 38% pay rise across four years with the union calling the vote a defining moment. boeing was pleased to have reached a ratified agreement and in terms of pre-market shares, we have that chart for you on the screen at this stage. it is definitely a positive move for the company, but let's see what the future will hold for the company. >>> it is, indeed, election day, not that we have mentioned that yet. all eyes on the u.s. political scene. the first voters will head to the polls in vermont in less than half an hour in what appears to be a neck and neck race for the presidency with close contests also likely in the battling for con trofl the house and the senate. there's a lot at stake as we await the outcome from the u.s. election. nbc's jay gray joins us from philadelphia in the key swing state, of course, of pennsylvania. jay, what an important day for u.s. voters, no doubt. given that you are in pennsylvan

we're on day 53 of this boeing strike.r who is have been negotiating at the table with boeing have told their members after members rejected two previous offers that this time they need to accept boeing's latest offer. and one of those leaders told "the seattle times" that boeing's ceo intervened directly in last week's negotiations with the labor department. he warned if the union rejects this offer, the next one will not be as generous. union leaders believe him. that's why they're urging the rank and file members to vote yes on what they call an historic agreement. the offer on the table would raise pay by 38% over four years, which boeing says would bring salaries for machinists up to about $119,000 for the average machinist. the deal also includes and has 401k contributions and a $12,000 signing bonus. all they need is a simple majority to pass this, craig. and we should find out hopefully later on in the evening. >> union leaders want a thumbs up vote here. can you lay out, tom, what's at stake for boeing here? >> th

silvana, good morning. >> good morning, frank striking workers at boeing will vote on a new contract that includes a 38% pay hike over four years and a larger signing bonus. the latest offer is being endorsed by union leaders who told members they extracted all they could from the company. the more than 33,000 factory workers rejected two previous offers it comes at a critical time for boeing which announced it would raise up to $24 billion to shore up finances. we are seeing shares right now slightly higher in pre-market up 2% down 6% since the strike began. >>> berkshire hathaway keeps adding to the stake of sirius xm berkshire bought 2 million shares berkshire owns one-third of sirius shares worth $3 billion the investment hasn't paid off with sirius shares down 50% this year they are higher in the pre-market. >>> volatility in the trump media and technology trading was halted for the second time this week. closing down 12% yesterday and was down more than 20% on wednesday after a cnn poll showed vice president harris with the lead in the swing states of michigan and wisconsin. ev

the unemployment rate did hold steady at 4.1% and here is where the boeing strike comes in. those striking workers accounted for 44,000 of the 46,000 manufacturing jobs lost. hurricanes helene and milton also had a big impact on the report, so this may all change next month, but part of the reason the markets are dancing in the green right now is because that jobs number might insure the federal reserve will cut borrowing rates next week. let's bring in the floor joe joining me manager jack make in tire and trader keith fitz-gerald. jack look no further than the market spike compared to treasury yields initial drop. if you put them side by side you'll see that the 10 year treasury yield dipped all over the place. here is the noise, and then began climbing. it is now up 8.5 basis points to 4.37% and they took that initial dive on the hope this week that non-farm payroll report solidifies the feds easing cycle. how do you interpret it? >> so you've got two big things going on right now. as you pointed out, the employment report was messy, it was skewed, so with the bond market

a strike that cost boeing billions is finally over.what mach ists will get investigating that small plane that landed on a south bay freeway, causing a massive traffic jam yesterday morning. that pilot had to make that emergency landing on the side of highway 85 in cupertino. the pilot says he was on his way from carmel to the palo alto airport when he had engine problems. no one was hurt. >> police are searching for the thieves, who broke into the boys and girls club of oakland and stole tens of thousands of dollars worth of items. the robbery was last wednesday on international boulevard. staff says the thieves took computers, video games and $700 worth of halloween candy. the trial continues today, and defense attorneys have a difficult case on their hands. a police sergeant testified he secretly recorded moments before he was arrested. police say the video shows mckinney acting out the killing. his defense argues the video should not have been admitted into evidence. >> all right. at 644, right now. a pennsylvania judge has ruled t

. >>> starbucks going back to the future, and boeing and their factory workers strike a new deal.cbs "moneywatch." >> reporter: u.s. stocks slid big time on thursday as investors await key earnings reports out today. the dow lost 378 points. the nasdaq was down 512, and the s&p 500 lost 108 points. >>> boeing and the union representing striking machinists have reached a new deal in a bid to end the seven-week strike. the workers will vote on the new contract offer on monday. it includes slightly bigger wage increases and other compensation after workers rejected the last deal last week. the strike has brought production of most boeing jets to a halt. >>> despite high interest rates, fewer americans filed for unemployment benefits last week. new numbers from the labor department show jobless claim applications fell by 12,000 to 216,000 fewer than 2927,000 -- 227,000 an was predicted. this as it remains at historically healthy levels. >>> big changes coming to starbucks. the business is looking to pivot from a fast food chain to a personal coffee house with personal touches to win b

how do you think the boe reacts into 2025?cuts do we expect from the boe or are you fading some out now? >> my view on the bank of england is where we got to markets is probably too few cuts. it's cutting bias. we saw the comments from members . indicating that they felt around 100 basis points felt ok and i would agree with that. i think the boe are likely to cut once a quarter next year to bring rates down gradually. i think the reason for the u.k. is that we have seen inflation pressures come down considerably . it's not necessarily where the bank would feel comfortable to leave them with services inflation running quite high. but as we start to see the services inflation numbers come down, i think they will come down a lot more materially from the second quarter of 2025, that will give the bank of england that pushed to continue their cutting cycle. tom: maybe markets have phased out to many cuts from the bank of england for next year. thank you very much. economist at jefferies on the euro zone economy with focus on the w

. >>> and later boeing votes on a contract overnight. is their seven-week strike coming to an end?g votes on a contract overnight. is their seven-week strike coming to an end? ultomiris is continuous symptom control, with improvement in activities of daily living. it is reduced muscle weakness. and ultomiris is the only long-acting gmg treatment with the freedom of just 6 to 7 infusions per year, for a predictable routine i can count on. ultomiris can lower your immune system's ability to fight infections, increasing your chance of serious meningococcal infections, which may become life-threatening or fatal, and other types of infections. complete or update your meningococcal vaccines at least 2 weeks before starting ultomiris. if ultomiris is urgent, you should also receive antibiotics with your vaccines. before starting ultomiris, tell your doctor about all of your medical conditions and medications. ultomiris can cause reactions such as back pain, tiredness, dizziness, limb discomfort, or bad taste. ultomiris is moving forward with continuous symptom control. ask your neurologis

do you think the boeing is complete the with a bus? and because when they are competing, they may be duties of the. this is not quite right, not quite legal. so that the same thing. the reason why they are having problems with boeing. also, they find that sets and planes have produced a boy defective. the m m megs, uh, 737, for example, very popular breed. but it is a d, this not as well as some uh, thing thing. they make a problem now over to another bullying across the incident because back in 2019, when you were serving as a prime minister, you've saved that. the pre minute, preliminary results of the 2014 and it's a 17 crash investigation. we're probably decide what defuses impression. well, the fact is that the plane was shot down. we throw kids fired or do that the me in that area. and in that area that the days fight there was fighting between russian in the ukraine and the you have been the you came in the government and actually the plan was playing over a better drown. and it is quite possible that uh, somebody of find there.

plus boeing workers are ending their weeks long strike. new contract the union has approved and the impact it could have on the giant airplane manufacturer. we'll be right back with that. t. dry skin is sensitive skin, too. and it's natural. treat it that way. aveeno® daily moisture with prebiotic oat is proven to moisturize dry skin all day. you'll love our formula for face, too. aveeno® >>> welcome back. time now for business on this election day in america. for that let's bring in cnbc's sylvia amaro live from london. silvia, good to see you. obviously all eyes from around the globe but certainly wall street are watching what happens in today's election. tell us how a kamala harris or donald trump victory will sape the market and what should we expect today? >> no doubt, john, this is the market event, the u.s. election. and at this stage investors are showing a bit of a cautious approach really as we await the outcome, but i have to say, though, futures suggest it could be a positive start to the trading session today. yesterday, howev

well, could the strike at boeing finally come to an end today?rike is in the seventh week, costing boeing an estimated $1 billion a month. international association of machinists and aerospace workers will consider boeing's offer of a 38% pay raise over four years, as well as ratification and productivity bonuses. taking a look at tbhoang the premarket, slightly higher. tgi fridays filed for bankruptcy protection, known for its hamburgers and potato skins filing in texas, citing legal liabilities and financial woes from the covid-19 pandemic. franchise locations are not included in the bankruptcy move but 339 corporate operated restaurants for now will remain open. well, vice president kamala harris dodging a question on a california tough on crime ballot measure. she was asked about proposition 36 when she was in detroit, michigan. watch. >> how did you vote on prop 36? >> i have -- my ballot is on its way to california and i'm going to trust the system that it will arrive there and i am not going to talk about the vote on that because honestly

don't drive distracted. >>> it broke overnight the boeing strike is over.lebeau has the latest. >> not much reaction in shares of boeing, they're fractionally lower, i think in part because many people thought, eventually this strike is going to end, it's not going to go on forever. and it is in fact ending with 59% of the machinists who voted approving a four-year deal. here is the president of the machinist union talking about this strike and the implications it's had for his union. >> this is a success, this is a win. it was hard bargaining on both sides and there always is hard feelings. we'll get through it and we'll get back to building airplanes. >> all right, so what's next for boeing? production resumes tomorrow, but not everybody is going to be back at work tomorrow. gradually they'll all get back into the plant by early next week. it will be gradual ramp in production. the boeing ceo putting out a statement saying the company still has much work to do and the investors, they want to see how quickly boeing can really turn things around when it com

. >>> more trouble for boeing on the horizon. but first, turbulence for spirit.ling for bankruptcy. for more on how it could impact holiday travel, let's turn to cnbc's karen gilchrist. good morning. >> good morning. good morning, frances from a snowy london. yes, spirit airlines, the budget carrier, announced on monday that it had filed for chapter 11 bankruptcy. now this is a process that would allow it to restructure and reduce some of its debts after years of mounting losses, failed mergers and generally increased competition in the sector. now passengers still will be able to book and fly with the carrier until the process is completed, which is expected in the first quarter of next year. and that's certainly good news over the busy holiday period. but it is a bad signal for the company and the sector at large. it's the first chapter 11 bankruptcy filing in 13 years, and the stock for spirit airlines has certainly suffered a large decline this year, falling more than 90% so far. in other news in the airline sector, around 2,500 boeing workers are to be laid

the boeing is now currently in the hot water over several scandals connected with the quality of the air planes. and we filled blower reports about mismanagement. what couldn't be the reason for the company turning a blind eye to these problems? do you think the boeing is complete the with a bus and i'm close to when they are competing, they may be duties of the. that is not quite right. not quite legal. so this, i think the reason why they are having problems with boeing also they find that sits and planes have produced. ready boy defective the m m megs. uh, uh, 737 for example, very popular page. but it is a d this not when it has some, uh, same thing. they make a problem now over to and that's are blowing across the incident because back in 2019, when you were serving as a prime minister, you've saved that the premium, the preliminary results of the 2014 and pets. uh, 17 crash investigation were part of the size. what diffuser impression? well, the fact is that the plane was shot down. we throw kids fired or do that the in that area. and in that area that the days fight there was