The trade implications. Scotlands only Oil Refinery is to close with a cost of 400 jobs the Unite Union calls it an act of industrial vandalism. And Credit Crunch why are so many Women Led bUsinesses cancelling Expansion Plans because they are unable to access finance . Well speak to one big bank trying to address that. Live from london, this is bUsiness today. Im mark lobel. The Aircraft Maker Boeing is awaiting news from its workforce on whether its accepted a four Year Pay Deal which could lead to a walkout of up to 33,000 workers. The deal 25 over four years has been backed by the workers iam union, but many employees are not happy with the terms. A result s expected very shortly and could lead to Strike Action in the coming hours. That would affect production of the companys 737 and 737 max aircraft. Heres our North America BUsiness correspondent ritika gupta. Breaking news on the subject. Boeing workers have voted to strike after rejecting a Pay Offer backed by their own union. T
Of Thousands Ofjobs for other programmes leaving the state. Our business correspondent, theo leggett, joins us now. As we heard, this is Notjust A grievance about rejecting a 25 pay rise, this is problem going back over 15 years, what is the history . We have seen in this vote which was absolutely emphatic, 96 of both pulled voted for the strike shows the depth of feeling between the workforce against management and how little trust there is between the workforce and bowing management. As you say, that does go back a long time because in past renegotiations of Contracts Bowing was in a strong position and it went into these negotiations threatening to remove production from the pacific Northwest Area and take it into other states. That went down very badly with Boeing Workers in the region who are to accept reduced terms and conditions including the removal of Pension Schemes and those resentments have remained. Over the past few years as well while boeing has been trying to mmp while
Civility toward cities and the challenge that cities face. I future looks promising and i look forward to 2021. Regarding phase 2, i was joined by the chair, c. F. O. To provide an update to the california project of transportation, tony tavares and numerous staff from the cal tran team and the statewide division of rail and mass transit. We provided an overview on project history, outlined work completed since the projects reactivation in june, provided forecast of upcoming information and the funding plan. Further, to our advancing phase 2, on october 15, we provided a project update to the bay area delegation which included senator and board chair jerry hill, san mateo counties. Along with the senate and Assembly Transportation Committee Staff and offices. 20 legislative offices participated. We provided information about the project history, current status and activities as well as future plans to advance the project. The presentation was well received and we plan to continue our c
It will beevie says to salesforce what instagram was to facebook. Planning a new set of chips to outperform intel. What it means in the next generation of macs and more. First, u. S. Stocks dropped monday amid a surge in case of covid19. We are expecting to hear more about the Vaccine Distribution as states try to outline the doses, how many they will get, and one. Lets get to Abigail Doolittle with the latest on how it is played out in the markets. Breakdown that and what is to come this week. Abigail an interesting day we have had big gains on positive vaccine news and this week the vaccine will start to be distributed in the u. K. There is some expectation that will happen next week, but we had a bit of a down day in some of the indexes. We had strength is the nasdaq 100 and other techheavy indexes. The nasdaq 100 up a nice day in a row its longest daily winning streak going back to december, 2019. That strength, emily tesla the stock up 7. 1 , continuing to store up till it will be
We have some issues on the road. Lets turn it over to jobina right now. In San Francisco an intersection is closed after a crash involving a police car. We have new video right now. Police tape surrounding fillmore and waller streets. The police are seeing that theres a damaged cruiser there on the scene and also it appears theres a muni bus involved. It is believed that this was a Police Pursuit that ended in a crash injuring the suspect and the officer. A call is in to sfpd to confirm that. We want to take a live picture of the scene. Officers are still there investigating. The intersection of fillmore and waller is closed now. Well bring you an update on this as soon as we hear back from police. Now to the pandemic. Can cases spiking across the country and bay area counties moving into more restrictive tee tiers, one east bay county is cracking down to make sure businesses not only know the rules but are obeying them. Amy hollyfield is live in walnut creek with how this will work. Y