Let's start with Boeing.
Workers at an aircraft parts supplier spirit aero systems in Wichita,
Kansas are now back to work that after a short
lived strike after reaching a new labor deal yesterday,
the production pause lasted for about a week and workers
will now return to work on July the fifth.
The workers union says that agreement addresses the member's
concerns with substantial wage increases will also maintain the
core health care plan benefits that the membership insisted
on and also includes mandatory overtime as well.
Elsewhere,
the new Mexico Environmental Department announced a $40.3 million
penalty against Texas based oil and natural gas producer,
Amer death.
Now the department alleged that the company ignored
local pollution reporting and control requirements by burning off
excess amounts of natural gas and they did
it without authorization back in 2019 and 2020.
State regulators also accused Amer
De of mining oil and natural gas without transporting that gas
away via a pipeline which is required by state law.
They say the company's excess emissions were equivalent to pollution that
would come from heating over 16,000 homes in just a year
fed chair Jerome Powell says the central bank may have
to tighten its oversight of the American financial system.
Speaking at a banking conference in Madrid yesterday,
the Fed chair said that the collapse of Silicon
Valley Bank signature Bank and First Republic Bank exposed
vulnerabilities of the banking system that the FED will
likely now have to address through new proposals.
Now, he did not provide further details.
All he said quote,
I look forward to evaluating proposals for
such changes and implementing them where appropriate.