Of pressure to get us, to motivate us to vote in their favor. Theres always something like that, you know, theres always an underlying threat. And if were not doing the right thing, then were hurting the company. Were not hurting them. Theyve got, they make way more money than we do. Why dont they give up some of their money to get boeing out of the problem theyre in . The bbc s Ritika Gupta has more on whats at stake. They havent had a new contract in 16 years of been bargaining for months of her higher pay, better benefits and job security, the latest dispute was centred around Workers Discontent with the tentative agreement reached over the weekend. The international associations of machinists and aerospace workers and boeing unveiled a package that includes a 25 Pay Rise over the next four years and 3000 Signing Bonus and other improvements that help gather a retirement benefit. Boeing also had the next in the State of washington. Some workers are unhappy with the outcome, given th
Make up your. Double made for mines. The euro hits a 2 and a half year high against a basket of currencies investors are bullish on europes recovery from the pandemic that has a strong euro but a strong euro rather has consequences for companies who bring you up to speed. Also on the show major Oil Producing nations agreed to bowl back some of their production pandemic production cuts can they ride an oil recovery or are they acting too soon. And the german state helps Small Businesses survive the pandemic by helping them go online. Welcome to the show. Stephen beardsley in berlin good to have you with us the euro is poised to hit a 2 and a half year high against a handful of rival currencies this week its the latest high point of a month long rally for the currency and it comes as rivals have weakens the European Unions common currency broke the 1. 20 cent mark as Inflation Fears hit the u. S. Economy itself against the pound sterling on fears that brags that brags a trade deal will n
Ive told me a lot of well its good to have you with us covered 19 on the road to recovery thats the focus of a special session of the u. N. General assembly almost 100. 00 World Leaders are taking part in the 2 day summit coincides with the release of a u. N. Study that shows that more than 1000000000 people could be living in extreme poverty by 2030 due to the long term effects of the corona virus now the german chancellor Angela Merkel addressed the assembly via video link and she stressed the need for Global Cooperation to ensure equal access to vaccines around the world through 200. 00 need we must never forget the pandemic can only be truly beaten in the long 10 when everyone in the world has fat access to effective vaccines. Oh the coming the pandemic in the long term also means doing everything we can to a much stronger with regards to future challenges and crises to this and we need to close the International Cooperation above all with strong the International Organizations the
Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
Oracles deal for tiktok hurdles as President Trump is not ready to sign off on the plan. And Hurricane Sally our conversation with the u. S. Energy secretary coming up this is Worldwide Exchange here on cnbc good morning, good afternoon, good morning and welcome wherever you are watching. Thank you for joining us on Worldwide Exchange. Now your money are setding it up for the day in the red stock futures at the bottom right of your screen we call it a bug, down 225 points on the nasdaq, the dow rather, the nasdaq down 118. It looks like Big Technology may be happening it is early and futures are turning around right now, we are down across the board. The dow got a minor gain it was a different story for the s p 500 which was a better measure of the market and the nasdaq has shed more than 1 the index has been dragged down by shares of apple facebook and microsoft also big laggards. Snowflake open raised from one day earlier. At one point, shares climbed up above 300 a share after pulli