3. Strike extended
Boeing machinists rejected a new labor contract, extending a workers’ strike that’s already stretched more than five weeks. The contract included 35% wage increases over four years and failed by a vote of 64% late Wednesday. The work stoppage is the machinists’ first strike since 2008 and has brought most of Boeing’s aircraft production to a halt.
4. 2010 again
Existing home sales fell last month to their slowest pace since October 2010, according to the latest data from the National Association of Realtors. The seasonally adjusted, annualized rate of 3.84 million units sold represents a 1% decline month over month and a 3.5% decline year over year. “Home sales have been essentially stuck at around a four-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing,” said Lawrence Yun, chief economist for the National Association of Realtors.
5. Sitting down with Silver
CNBC’s Alex Sherman sat down with NBA Commissioner Adam Silver for the first installment of a new videocast series by CNBC Sport. They discussed the NBA’s break from its media rights partner, TNT, potential officiating changes coming to the court in the years ahead, and how best to grow WNBA revenue. Watch the full interview from CNBC Sport, and sign up for the CNBC Sport newsletter to get first access to weekly interviews.
— CNBC’s Sara Salinas wrote this newsletter. Lisa Kailai Han, Lora Kolodny, Leslie Josephs, Diana Olick and Alex Sherman contributed.
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