CNBC’s Phil LeBeau joins 'Money Movers' to discuss Boeing defense workers being on strike in St. Louis and Elon Musk's big pay package.
Breakdown
- Over 3,000 Boeing workers in St. Louis have gone on strike. 7s
- The workers rejected a contract offering a 20% raise and $5,000 signing bonus. 22s
- Striking employees build key military products like the F-16 and F-18. 32s
- Boeing's share price has only declined fractionally following the strike. 53s
- Workers are seeking a pay increase similar to the 38% raise received by commercial division machinists. 1m 45s