Morning Brew Daily The Auto Strike Is Over? & Boeing's Billion $$$ Air Force One Problem
Oct 26, 2023
Negotiations between the United Auto Workers and Ford lead to a landmark agreement, celebrating a 25% pay raise for workers. Boeing grapples with significant financial losses linked to Air Force One contracts. Meanwhile, Meta sees a resurgence in revenue, and AppleTV raises its subscription prices. Bud Light aims to regain market share through UFC partnerships. The podcast also explores a cheating scandal in college football, raising eyebrows about ethics in sports. Plus, there’s a look at the integration of AI in sermon creation, highlighting its impact on spirituality.
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Boeing's Air Force One Losses
- Boeing lost over $2 billion on the Air Force One retrofit project.
- CEO Dave Calhoun blamed the fixed-price contract negotiated under his predecessor.
Meta's Revenue Rebound
- Meta's revenue jumped 23%, its largest gain since going public.
- Cost-cutting, a rebounding ad market, and AI hype fueled the growth.
Apple TV+ Price Hike
- Apple TV+ is raising prices, joining other streaming services.
- Expect further hikes, as Apple seeks to maximize profits from its services.