TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and how SpaceX made history with its latest launch.
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00:00I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:04It's going to be a busy week filled with earnings and economic data, so investors are moving cautiously on this Monday.
00:10The Dow was a laggard thanks to Boeing. Shares of the airplane maker are down after it announced it will slash 17,000 jobs
00:18and further delay production of the 777X. Boeing is looking for ways to save money as it hemorrhages from a workers' strike.
00:27In other news, it's another historic first for Elon Musk's SpaceX.
00:32The company was able to use gigantic arms attached to its launch tower to catch a rocket booster as it returned to Earth.
00:40The massive rocket booster was used to propel SpaceX's Starship rocket into orbit for its fifth unmanned test flight.
00:48This dramatic feat brings SpaceX one step closer to a reusable rocket booster operation that would lower the cost of space travel.
00:57There were celebrations all around as the massive 20-story booster successfully returned to the launch pad within seven minutes of the launch.
01:06NASA is partnering with SpaceX on developing Starship to be the vehicle of choice for NASA's Artemis moon landing program.
01:13NASA Administrator Bill Nelson heaped praise on SpaceX.
01:17Quote, as we prepare to go back to the moon under Artemis, continued testing will prepare us for the bold missions that lie ahead.
01:25SpaceX said it will use data from all five test flights to improve systems
01:30and will continue to push boundaries in hundreds of future test flights in order to ensure the safety of space transportation.
01:38Musk's eventual goal is to make the SpaceX Starship a fully reusable fleet of spacecrafts that can fly people and objects into space.
01:49That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittins with The Street.