1 00:00:01,440 --> 00:00:04,520 Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Chrisner. 2 00:00:04,920 --> 00:00:08,320 Speaker 1: Factory workers at Boeing have rejected a new labor contract. 3 00:00:08,520 --> 00:00:11,119 Speaker 1: The union says sixty four percent of its members voted 4 00:00:11,160 --> 00:00:14,440 Speaker 1: against this deal. It would have increased their wages thirty 5 00:00:14,480 --> 00:00:18,400 Speaker 1: five percent over four years. Here's John Holden, president of 6 00:00:18,440 --> 00:00:22,400 Speaker 1: District seven point fifty one for the International Association of Machinist. 7 00:00:22,600 --> 00:00:26,440 Speaker 2: This contract struggle began over ten years ago. The company 8 00:00:26,520 --> 00:00:29,520 Speaker 2: over reached and created a wound that may never heal 9 00:00:29,560 --> 00:00:34,479 Speaker 2: for our members. These negotiations, this strike, today's vote, it's 10 00:00:34,520 --> 00:00:38,760 Speaker 2: a culmination filled with many emotions. We have made tremendous 11 00:00:38,840 --> 00:00:42,720 Speaker 2: gains in this agreement in many of the areas our 12 00:00:42,760 --> 00:00:45,879 Speaker 2: members said were important to them. However, we have not 13 00:00:46,080 --> 00:00:51,640 Speaker 2: achieved enough to meet our members demands. 14 00:00:52,600 --> 00:00:56,840 Speaker 1: That is John Holden from the International Association of Machinist Now. 15 00:00:56,880 --> 00:00:59,680 Speaker 1: The rejection of this deal is a setback for Boeing's 16 00:00:59,680 --> 00:01:03,760 Speaker 1: effort to overcome a crippling workstoppage. The company has suspended 17 00:01:03,760 --> 00:01:07,440 Speaker 1: work on several airliner models, and its costing Boeing one 18 00:01:07,520 --> 00:01:10,840 Speaker 1: hundred million dollars a day in lost revenue. Vice President 19 00:01:10,920 --> 00:01:13,800 Speaker 1: Kamala Harris and former President Donald Trump are now in 20 00:01:13,880 --> 00:01:17,240 Speaker 1: a statistical tie in each of the seven swing states. 21 00:01:17,560 --> 00:01:20,520 Speaker 1: This is according to the latest poll from Bloomberg News 22 00:01:20,560 --> 00:01:23,720 Speaker 1: Morning Consult. We have details from Bloomberg's Amy Morris. 23 00:01:23,720 --> 00:01:27,000 Speaker 3: In Washington, it is a dead heat each candidate at 24 00:01:27,000 --> 00:01:29,520 Speaker 3: forty nine percent support, with a margin of error of 25 00:01:29,600 --> 00:01:32,000 Speaker 3: one percent. It does not get much tighter than that. 26 00:01:32,440 --> 00:01:36,840 Speaker 3: Among likely voters in swing states, Trump is seen as patriotic, experienced, 27 00:01:36,880 --> 00:01:40,959 Speaker 3: and strong. Harris is seen as honest, compassionate, and mentally fit. 28 00:01:41,360 --> 00:01:44,399 Speaker 3: Fifty percent trust Trump with the economy compared to forty 29 00:01:44,400 --> 00:01:47,560 Speaker 3: five percent for Harris. Harris has made inroads among so 30 00:01:47,640 --> 00:01:50,840 Speaker 3: called double haters, those who did not like President Biden 31 00:01:50,960 --> 00:01:53,560 Speaker 3: nor Donald Trump. The bad news for Harris is that 32 00:01:53,680 --> 00:01:57,160 Speaker 3: among the new double haters, those with a negative opinion 33 00:01:57,200 --> 00:02:00,560 Speaker 3: of both her and Trump, she's trailing by eighteen points 34 00:02:00,960 --> 00:02:03,160 Speaker 3: in Washington. I Mamy Moore as Bloomberg Radio. 35 00:02:03,480 --> 00:02:06,560 Speaker 1: Earlier this evening, Vice President Kamala Harris held a CNN 36 00:02:06,640 --> 00:02:10,480 Speaker 1: town hall event with undecided voters in Pennsylvania. It was 37 00:02:10,520 --> 00:02:13,880 Speaker 1: there she addressed the proposal from former President Trump to 38 00:02:13,960 --> 00:02:18,600 Speaker 1: impose new tariffs on imported Chinese goods tariffs she referred 39 00:02:18,600 --> 00:02:20,880 Speaker 1: to as a national sales tax. 40 00:02:21,080 --> 00:02:23,720 Speaker 4: Donald Trump should be here tonight to talk with you 41 00:02:23,760 --> 00:02:26,040 Speaker 4: and answer your questions. He's not. He refused to come. 42 00:02:26,560 --> 00:02:29,639 Speaker 4: But understand that part of his plan is to put 43 00:02:29,720 --> 00:02:32,760 Speaker 4: in place a national sales tax of at least twenty 44 00:02:32,800 --> 00:02:38,680 Speaker 4: percent on everyday goods and necessities, and that, by economist 45 00:02:39,040 --> 00:02:43,200 Speaker 4: estimates independent economists, would cost you, as the American consumer 46 00:02:43,240 --> 00:02:46,200 Speaker 4: and taxpayer, and additional four thousand dollars a year. 47 00:02:46,360 --> 00:02:49,600 Speaker 1: That's Vice president Kamala Harris at a CNN town hall. 48 00:02:49,880 --> 00:02:52,280 Speaker 1: Lots of earnings after the bell, we heard from Tesla. 49 00:02:52,520 --> 00:02:56,519 Speaker 1: The company reported quarterly profit above estimates, and Tesla projected 50 00:02:56,520 --> 00:03:00,160 Speaker 1: a slight increase in deliveries for the current year. We've 51 00:03:00,160 --> 00:03:04,560 Speaker 1: got reaction from Tashakini, director of investment analysis at ARC. 52 00:03:04,919 --> 00:03:08,160 Speaker 1: She told us the report has something for both long 53 00:03:08,320 --> 00:03:09,760 Speaker 1: and short term investors. 54 00:03:10,240 --> 00:03:13,280 Speaker 5: The letter is very focused on their cost production efforts, 55 00:03:14,080 --> 00:03:16,920 Speaker 5: and that's that's great for you know, those short term concerns. 56 00:03:17,400 --> 00:03:20,680 Speaker 5: Long term, we are focused on the future of the company, 57 00:03:20,720 --> 00:03:25,280 Speaker 5: which is autonomy and robotaxis. So we're seeing higher full 58 00:03:25,320 --> 00:03:28,720 Speaker 5: self driving software revenue recognition. You know that tells us 59 00:03:28,800 --> 00:03:31,880 Speaker 5: just how useful these active safety features are. 60 00:03:32,080 --> 00:03:36,000 Speaker 1: She is Tashakini, director of Investment Analysis at ARC. Shares 61 00:03:36,000 --> 00:03:38,880 Speaker 1: and Tesla were up twelve percent in the late US session. 62 00:03:39,240 --> 00:03:43,320 Speaker 1: We also heard from IBM quarterly sales missed expectations. Overall 63 00:03:43,360 --> 00:03:47,200 Speaker 1: revenue was up just one percent to fifteen billion. Looking 64 00:03:47,240 --> 00:03:51,800 Speaker 1: more closely, IBM's consulting business was flat. Here's Bloomberg's on 65 00:03:51,880 --> 00:03:52,480 Speaker 1: a rag Rana. 66 00:03:52,760 --> 00:03:56,000 Speaker 6: Bookings are tied mostly to consulting, So you know people 67 00:03:56,080 --> 00:03:58,440 Speaker 6: signed that deal, but over the next twelve to twenty 68 00:03:58,480 --> 00:04:01,520 Speaker 6: four months that it's into revenue. So you're not going 69 00:04:01,560 --> 00:04:04,720 Speaker 6: to see that three billion dollars translated into revenue quickly. 70 00:04:05,000 --> 00:04:07,440 Speaker 6: It may take some time. But that's also we think 71 00:04:07,520 --> 00:04:09,960 Speaker 6: seventy to seventy five percent of that is skewed mored 72 00:04:10,000 --> 00:04:12,640 Speaker 6: on the consulting side rather than on the software side. 73 00:04:12,680 --> 00:04:15,960 Speaker 1: Bloomberg's oner rog Rana. Now, in terms of software sales, 74 00:04:16,839 --> 00:04:19,960 Speaker 1: those numbers reflect a gain of a nine point seven percent. 75 00:04:20,240 --> 00:04:25,000 Speaker 1: The South Korean chip maker sk Heinis posted quarterly revenue 76 00:04:25,000 --> 00:04:27,400 Speaker 1: that was at a record for both profit and as 77 00:04:27,400 --> 00:04:30,320 Speaker 1: I mentioned, revenue. Here's Bloomberg's Annabel Droolers. 78 00:04:30,200 --> 00:04:32,600 Speaker 7: The numbers that have come out now are an indication 79 00:04:32,800 --> 00:04:35,960 Speaker 7: just that market lead that sk Heinix has in an 80 00:04:36,120 --> 00:04:39,640 Speaker 7: HBM in particular, and that is a type of DRAM, 81 00:04:39,760 --> 00:04:43,479 Speaker 7: but it definitely is one that's more expensive to purchase. 82 00:04:43,520 --> 00:04:45,520 Speaker 7: And so that's why you see that lift coming through 83 00:04:45,560 --> 00:04:48,000 Speaker 7: in margins. You've seen that improvement of fifty two percent 84 00:04:48,279 --> 00:04:51,080 Speaker 7: that was actually above what analysts have been expecting. 85 00:04:51,120 --> 00:04:53,960 Speaker 1: Bloomberg's Annabel droolers. That is news when you want it 86 00:04:53,960 --> 00:04:57,240 Speaker 1: with Bloomberg News. Now. I'm Doug Chrisner and this is Bloomberg. 87 00:05:00,080 --> 00:05:00,240 Speaker 2: Yeah,