NEWS
Boeings Workers Take Off

The U.S. is locking in some monster tariffs on China, kicking off September 27. We’re talking 100% on EVs, 50% on solar cells, and 50% on semiconductors by 2025. Consumer sentiment came today, barely a pulse, moving from 67.9 to 68.5. And gold extended its gains for a second day of new all-time highs. 👀

Your usual Daily RIP guide, Tom Bruni, is off exploring the wild unknown (Canada). He’s gracing the stage at the MoneyShow in Toronto. So today, you're stuck with me (Jon Morgan), your Litepaper author and humble stand-in.

Today's issue covers Boeing’s workforce walking out, SelectQuote’s losses despite higher revenue, and Medical Properties Trust’s big tenant swap. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with utilities (+1.41%) leading and health (+0.19%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $NOVV, $PLCE, $OMIC, $TNON, $RH, 📉 $SLQT, $OLB, $GOVX, $VEDU, $VMAR*

*If you’re a business and want to access this data via our API, email us.

COMPANY NEWS
Boeing Continues To Accumulate Bruises 🤕

$BA’s workers have officially taken off, walking out for the first time since 2008 after 96% of them decided the company’s 25% wage hike offer wasn’t going to fly. ✈️ 

They’re looking for something closer to 40% because inflation’s got their wallets in a nosedive. Now, production’s grounded, the 737 Max is sitting on the tarmac, and Boeing’s heading for a $1.5 billion crash landing if this strike drags on.

Meanwhile, Southwest Airlines has already pulled back on delivery expectations, and the FAA is circling after Boeing’s recent 737 Max turbulence.

Safe to say, this is one rough flight for Boeing, and it doesn’t look like they’ll be clearing the runway anytime soon. ✈️

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