• last year
TheStreet’s J.D. Durkin dives into the biggest stories of the morning, including American Airlines flight attendants threatening to strike, jobless claims and previewing Friday’s jobs report.

Category

🥇
Sports
Transcript
00:00 I'm JD Durkin reporting from the New York Stock Exchange. Here's a look at what we are watching
00:04 on the street today. Wall Street is reacting to the weekly jobless report that came out earlier
00:08 this morning. 228,000 Americans filed for unemployment last week, marking the lowest
00:15 level we've seen in four weeks, suggesting that demand for workers is still healthy. And on
00:21 Friday, the monthly jobs report will come out. That'll tell us how many positions were added
00:25 across the U.S. economy in the month of August. Economists are largely expecting the economy to
00:30 have added 170,000 jobs this month, a slight slowdown from the previous month, but still
00:36 exactly what the Federal Reserve is hoping to see. The Fed tends to pay very close attention
00:41 to these jobs numbers when making their decision on whether or not to hike interest rates. And as
00:46 travel demand continues to skyrocket, American Airlines may find itself in a bit of a bind.
00:52 Flight attendants for American are threatening to strike if the company does not agree to quote
00:56 "reasonable" contract terms. According to the Association of Professional Flight Attendants,
01:02 more than 99 percent of Americans flight attendants voted in favor of authorizing the strike. The
01:08 AFPA covers more than 26,000 American Airlines flight attendants. Just last week, Pilots for
01:14 American Airlines approved a new contract that calls for $9.6 billion in pay and benefit increases
01:21 over the next four years. However, American is not the only major carrier feeling a bit of pressure.
01:27 Pilots for Southwest Airlines and flight attendants for United have pickets planned for Thursday,
01:32 as they also push for new contracts. That'll do it for your daily briefing.
01:36 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:40 you
01:40 you
01:41 [BLANK_AUDIO]

Recommended

2:01
I
Up next
Boeing door incident causes hundreds of flight cancellations
The Street
2:01
Boeing withdraws pay raise offer to striking workers
The Street
2:01
Boeing increases offer to striking workers
The Street
1:59
33,000 Boeing workers hit the picket lines
The Street
1:45
United Airlines is switching up its boarding process to save time
The Street
2:05
Boeing strike to continue after union rejects latest offer
The Street
1:51
Major U.S. airlines sue DOT over new transparency rules
The Street
1:59
Spirit Airlines files for Bankruptcy
The Street
2:05
Boeing plea deal with U.S. government rejected
The Street
1:58
32,000 Boeing employees may go on strike
The Street
1:57
Boeing implements hiring freeze amid strike
The Street
1:55
Boeing could lose billions due to ongoing strike
The Street
1:54
Spirit Airlines won’t file for bankruptcy
The Street
2:01
Southwest Airlines reveals how new boarding process will work
The Street
1:44
Southwest Airlines says it will no longer offer open seating
The Street
2:00
Airlines under fire for 'unnecessary' ticketing fees
The Street
0:36
'We Watch Where Taylor Goes Because Our Demand Booms:' Taylor Swift's Eras Tour Sparks 25% Flight Demand Surge For United Airlines
Benzinga
2:02
Boeing workers vote to accept new deal
The Street
0:37
United Airlines Boeing Jet Loses Wheel After Takeoff From Los Angeles, Lands Safely In Denver
Benzinga
3:22
Airline Earnings, Apple and Archegos– On TheStreet Thursday
The Street
0:35
Delta Airlines Baggage Claim Area at Denver International Airport Overwhelmed with Unclaimed Bags After Software Outage Disrupts Flights
Benzinga
2:06
U.S. airlines push for fewer flights to China
The Street
1:55
The holiday shipping battle is underway
The Street
2:08
Delta customers sue for refunds over flight cancellations
The Street
1:51
Delta delays and cancellations cost company $500 million
The Street