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Speaker 1: News when you want it with Bloomberg News Now I'm

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Speaker 1: in Coleggy AT and T and joint venture partner TPG

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Speaker 1: are in talks to combine their DirecTV service with Dish,

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Speaker 1: according to people familiar with the matter, a deal that

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Speaker 1: could create the largest PATV provider in the US. The

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Speaker 1: discussions between DirecTV and dishparent EchoStar are in the early stages,

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Speaker 1: of the people, who asked not to be identified because

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Speaker 1: the information is private and agreement has not been reached,

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Speaker 1: and they said talks could still end without one. Intel

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Speaker 1: has officially qualified for as much as three and a

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Speaker 1: half billion dollars in federal grants to make semiconductors for

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Speaker 1: the Pentagon, according to people familiar with the matter, after

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Speaker 1: the chip maker reached a binding agreement with US officials.

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Speaker 1: The secretive program, called Secure Enclave, seeks to establish production

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Speaker 1: for advanced chips with military and intelligence applications. Bloomberg has

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Speaker 1: reported It spans multiple states, including a manufacturing facility in Arizona.

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Speaker 1: The funding could be announced as soon as next week,

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Speaker 1: said the people who asked not to be identified because

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Speaker 1: the discussions are private. Boeing's largest union, thirty three thousand

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Speaker 1: members of the International Association of Machinists and Aerospace Workers

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Speaker 1: have voted to go on strike. The union says ninety

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Speaker 1: four point six percent of voting workers rejected the contract,

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Speaker 1: which would have raised pay twenty five percent over four years,

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Speaker 1: and ninety six percent to prove the strike, easily surpassing

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Speaker 1: a two thirds requirements. Friday afternoon, John Holden, president of

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Speaker 1: IAM District seven five one, told Bloomberg TV and Radio

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Speaker 1: what is next for its members.

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Speaker 2: We're going to talk with our members. We just are

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Speaker 2: getting our picket lines up and running. It'll be a

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Speaker 2: little chaotic for the first few days here, as we

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Speaker 2: get into a well oiled machine sending a strong message.

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Speaker 1: Holden also shared a message with the Bloomberg audience that

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Speaker 1: he recently delivered to Boeing.

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Speaker 2: You can either meet the demands of our membership now

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Speaker 2: or it can cost more later. I think it's important

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Speaker 2: that we resolve this as quickly as we can if

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Speaker 2: they take seriously our proposals. It's what our members have

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Speaker 2: earned and deserved, and I think that's the best way

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Speaker 2: to resolve this quickly.

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Speaker 1: Once again, John Holden, president of IAM District seventy five one.

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Speaker 1: Boeing is at risk of losing its investment Greade credit

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Speaker 1: rating as the Embattle place maker faces the prospect of

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Speaker 1: a drawn out strike by workers that will further disrupt

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Speaker 1: production and cash flow. Bloomberg Intelligence Senior analyst George Ferguson

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Speaker 1: says this is important because.

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Speaker 3: The cost of raising debt is going to go up

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Speaker 3: with that, you know, and I think that Boeing will

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Speaker 3: need to come to the capital markets to raise some cash.

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Speaker 3: Like they're near the bottom of where they want to

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Speaker 3: be for running the company. So they either need to

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Speaker 3: go to the equity markets and raise some equity, and

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Speaker 3: you know, equity holders never like getting diluted, or to

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Speaker 3: the credit markets.

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Speaker 1: George Ferguson talking to Bloomberg's Joe Matthew. The credit score

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Speaker 1: on Boeing's unsecure debt has stood at BAA three with

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Speaker 1: Moody's ratings since April. Moody said in a statement Friday

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Speaker 1: that we will assess the strengths, duration, and impact on

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Speaker 1: cash flow and the potential equity capital raising Boeing may

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Speaker 1: undertake to bolster its liquidity. Donald Trump says he plans

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Speaker 1: to keep his DJT stock.

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Speaker 4: Oh I'm not saying I know, I love it. I mean,

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Speaker 4: I use it as a method of getting out my word.

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Speaker 5: You know.

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Speaker 4: When it opened, it went way high. But then the

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Speaker 4: SEC gave us nothing but problems. We had to go

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Speaker 4: through a long, long process with the SEC. But people

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Speaker 4: think that I'm leaving. That's why they're down, because if

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Speaker 4: I leave, you know, it's different. But I'm not leaving.

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Speaker 4: I love it.

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Speaker 1: Trump will likely be able to start selling shares as

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Speaker 1: soon as the evening of September nineteenth, when a lock

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Speaker 1: up period barring insiders some sales has lifted. Astronaut Butch

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Speaker 1: Wilmore says he and his colleague Sunny Williams are lucky

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Speaker 1: to have the option to stay in the space station

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Speaker 1: after the Boeing Starliner capsule returned to Earth without them.

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Speaker 1: Speaking from the International Space.

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Speaker 5: Station, we were very fortunate that we have the space

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Speaker 5: station and that we had the option to stay, and

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Speaker 5: we had the option to come back a different way.

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Speaker 5: If that's what the data showed. I think the data

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Speaker 5: could have gotten there. We could have gotten to the

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Speaker 5: point I believe where we could have returned on Starliner,

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Speaker 5: but we just simply ran out of time.

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Speaker 1: The two Americans launched at the space station on the

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Speaker 1: Starliner in July, only expecting to stay for eight days,

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Speaker 1: but the capsule experienced problems with helium leaks and the thrusters,

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Speaker 1: so NASA brought Starliner back empty, extending Butch and Sunny

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Speaker 1: State to eight months. United States Steel surged after The

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Speaker 1: Washington Post reported President Joe Biden and would not immediately

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Speaker 1: move to blocking upon Steel's takeover bid. While Biden remains

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Speaker 1: opposed to the deal, a decision on blocking it is

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Speaker 1: unlikely in the short term and may not be reached

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Speaker 1: until after the presidential election. The newspaper reported this, citing

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Speaker 1: people familiar with the matter. US Steel share surged as

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Speaker 1: much as ten percent, the steepest inter day gained since

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Speaker 1: December eighteenth, the day the deal was announced. White House

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Speaker 1: spokeswoman Saloney Sharma disputed that there had been a change

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Speaker 1: of plans, saying an announcement was never imminent. The President's

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Speaker 1: position is that it is vital for US Steal to

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Speaker 1: remain an American steel company that is domestically owned and operated.

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Speaker 1: Crowdstrikes Board is being sued by a shareholder over the

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Speaker 1: cost of this summer's huge IT outage. The investor says

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Speaker 1: the company's losses include overcompensating at CEO and other board

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Speaker 1: members considering their failure to adequately carry out their duties,

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Speaker 1: and an email CrowdStrike says the case lacks merit. That's

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Speaker 1: news when you want it with Bloomberg News. Now, I

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Speaker 1: made Kleggy and this is Bloomberg