Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, January 24th. I'm Julie Morgan.

Pacificor is ordered to pay millions of dollars to families affected by wildfires.

Southwest Airlines flight attendants are ready to strike and Netflix is doing quite well.

Pacificor, which is an electric utility owned by Warren Buffett's Berkshire Hathaway,

was ordered by an Oregon jury to pay at least $62 million. The money goes

to nine survivors of the Labor Day 2020 wildfires that swept through the state.

The Portland jury awarded the homeowners nearly $6.3 million in compensation for the property damage and other economic losses and $56 million for emotional distress, pain, and suffering.

According to the reports, the $62 million will increase to about $85 million once punitive

damages are included.

The jury verdict was the second awarding damages over the fires that killed nine people

and caused nearly $1.9 billion in property damage.

Pacificor could face billions of dollars in liability to the thousands of

homeowners affected by the fires.

5,000 homeowners and business owners filed a class action lawsuit against the company in 2020.

Southwest Airlines flight attendance voted nearly unanimously in favor of a strike

authorization. The union representing the flight attendant said if they can't

come to an agreement they would request a 30-day cooling-off period, after which 21,000 Southwest Airlines flight

attendance would be free to strike.

Flight attendants have been working without a contract after their last contract expired

in October of 2018.

Last month, the union rejected an offer by Southwest for an immediate pay hike of 20% and an additional 36% increase over the five years of the new contract.

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