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Here’s what we got today:

• ✈️ Boeing To Raise $19 Billion To Avoid Credit Downgrade

• 🍏 Apple's iPhone 16 Lineup Gets Blocked By Indonesia

Boeing To Raise $19 Billion To Avoid Credit Downgrade

Boeing ($BA) is deploying a $19 billion financial parachute to avoid a credit rating crash. The aerospace giant is launching one of its largest stock offerings ever, aiming for up to $22 billion in total. The sale consists of 90 million shares in common stock and $5 billion in depositary shares. After a crushing $6.1 billion Q3 loss, the company faces more headwinds with an ongoing worker strike burning $50 million daily. Workers have rejected wage increase offers of up to 35% over four years. To stay airborne, Boeing secured a $10 billion credit agreement with major banks and plans to cut 10% of its workforce, aiming to dodge junk credit status.

• Largest share sale since SoftBank's 2020 T-Mobile ($TMUS) deal

• Starliner program has cost the company $1.85 billion to date

Apple's iPhone 16 Lineup Gets Blocked By Indonesia

Indonesia just hit the pause button on iPhone 16 sales. One of the world's largest smartphone markets claims Apple ($AAPL) hasn't met their 40% domestic content requirements for smartphones and tablets. The tech giant failed to meet investment requirements by $13 million from a total of $108 million. While rivals Samsung ($KS) and Xiaomi ($XIACF) have built local factories to comply with the regulations, Apple's four academies but no manufacturing facility isn't cutting it for the Indonesian government. With 350 million active mobile phones in a country of 270 million people, the Indonesian market has great potential for Apple products.

• Around 9,000 iPhone 16 units have entered Indonesia through personal imports but cannot be traded

• Old iPhone models remain available for sale

Markets

China again warns EU against separate talks with EV makers. China warned again EU not to hold separate talks with Chinese EV companies while in negotiation with the Chinese government, the commerce ministry said on Monday. [Read]

Commercial real estate industry worries over higher taxes as election looms. The commercial real estate sector faces mounting pressure as Trump-era tax breaks expire in 2025. The industry is dealing with record vacancy rates and rising delinquencies. [Read]

Treasury trims fourth-quarter borrowing estimate. The Treasury Department revised its fourth-quarter borrowing estimate to 546 billion, down $19 billion from its previous estimate. The end-of-quarter cash balance target is $700 billion. [Read]

Business

Google wants you to get better at interacting with AI. Google ($GOOG) releases "Prompting Essentials" course on Coursera for $49. Google search trends for "how to prompt AI" reached all-time high in 2024. Course completion is under 10 hours with industry-recognized certificate. [Read]

DJT stock skyrockets following Donald Trump's inflammatory MSG rally as election looms. Trump Media & Technology Group ($DJT) stock jumped 21% on Monday after controversial MSG appearance. Experts warn of a potential collapse if Trump loses. [Read]

Luxury fortunes lose $58 billion as pandemic era splurge ends. France's top 3 luxury billionaires - Bernard Arnault ($MC.PA), Bettencourt Meyers ($OR.PA), and Francois Pinault ($KER.PA) - see their wealth shrink amid reduced consumer spending after COVID, particularly in China. [Read]

Woman sues JetBlue over ‘dangerously cold’ ice cream sandwich Fortune

AT&T announces $1 billion fiber deal with Corning. Reuters

China launches new lending tool before year-end loan expiry. Investing.com

VW chief sounds alarm on mass layoffs and three German plant closures. Reuters

Citi moves vital infrastructure to Google Cloud as part of broader AI push. Fortune

Swiss president says deal with EU possible this year Investing.com

The Bezos-Washington Post crisis is getting worse. BI

Olympus CEO Exits After Allegation He Bought Illegal Drugs. Bloomberg

Partner pay at Big 4 firms is dropping, the latest sign of the consulting slowdown. BI

Boeing workers' demand for reinstated pension a long shot, experts say. Reuters

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.