Newscasts - Trading at Noon: Markets pause while Boeing rallies on possible deal to end strike

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_ebn01vmx&referenceId=1_ebn01vmx&pageId=Newscasts Source: 'Reuters - Business videos' Description: Wall Street opened lower on Monday as investors awaited a clutch of earnings due this week. Boeing rose over 5% at the open, on the news that striking workers will vote on Wednesday on a deal that could their five-week walkout. Short Link: https://refini.tv/48k0kl8 Video Transcript: Wall Street pauses ahead of a packed earnings week. Welcome to Trading at Noon. I'm Elena Casas. Wall Street dipped at the open this Monday, as investors take a pause ahead of a hectic week of earnings with Tesla, IBM, and Boeing among companies reporting this week. The major indexes have clocked up six weeks of gains, their best streak of the year. Boeing opened 5.2% higher this morning on the news that staff there are set to vote on Wednesday on a pay deal that could end their five-week-long strike. That proposal includes a 35% pay hike over four years and enhanced retirement benefits, and it could cost the company $1 billion over those four years in extra wage costs. But the strike is costing it an estimated $1 billion a month. It's expected to report a major loss later in the week. Disney says it will wait until early 2026 to name a new CEO to replace Bob Iger, longer than most analysts expected. It appointed James Gorman of Morgan Stanley as Chairman of the board this Monday, replacing Mark Parker. Elsewhere, trades expected to perform well if Donald Trump is re-elected are catching a bid with the election just two weeks tomorrow. Bitcoin, gold, and the US Dollar gained ground. Trump himself is in storm-hit North Carolina this Monday, while Vice President Kamala Harris campaigns alongside former Republican senator Liz Cheney. Polls show the two candidates in a dead heat. Oil prices have gained some ground after losing 7% last week. WTI is at just over $70. China cut benchmark lending rates earlier on Monday to try and revive its economy, while Saudi Aramco's CEO told a conference in Singapore he was still "fairly bullish" on China's oil demands. Meanwhile, US Secretary of State Antony Blinken is in the Middle East to make a fresh push for a ceasefire in Gaza and Lebanon. Israel intensified its military campaign on both fronts over the weekend. Meanwhile, officials from around the world are gathering in Washington for the World Bank and IMF's annual meetings. The IMF Director General Kristalina Georgieva flagged a lackluster outlook, pointing to the weakness in China and high sovereign debts. The institutions hope to rally support for highly indebted emerging markets. But the elephant in the room will be the possible impact of a Trump second term on global trade. And that's Trading at Noon.