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☆ Milan Fashion Week: Stars and style align at the Spring-Summer 2024 shows
▼ + stars: | 2023-09-26 | by ( Marianna Cerini | ) edition.cnn.com time to read: +13 min

Milan CNN —Milan Fashion Week picked up where London left off last Wednesday, at least weather-wise. Both hit their strides with highly well received collections, as did a number of other familiar faces to Italy’s fashion capital. Overall, however, the festivities showed a consistency of form that continues to make the Italian city Paris’s greatest rival to the fashion scene throne. Cinematic sets and performative showsAlongside the clothes, many brands made their sets a main talking point at fashion week. Lodovico Colli di Felizzano/WWD/Getty ImagesRyan Gosling and Juila Roberts were among the star-studded crowd to pile into the Gucci show.

Persons: Milan, Gucci, Sabato de Sarno, Tom Ford’s, Peter Hawkings, Ford’s, Versace, Giulio Tanzini, Julia Roberts, Ryan Gosling, Gabrielle Union, Jessica Chastain, Paul Mescal, Jodie Comer, Emma Watson, Scarlett Johansson, Benedict Cumberbatch, Prada, Kate Moss, Linda Evangelista, Naomi Campbell, Anna Wintour, Kim Jones, Karl Lagerfeld, Rome, Tom Ford, georgette, Brigitte Bardot, Priscilla Presley, Lorenzo Serafini, Max Mara, Ian Griffiths, Carlyne Cerf, Dudzeele, Katie Grand, Lucia Liu, Gabriella Karefa, Johnson, Franco, Jeremy Scott, Cerf, Lucia Liu’s, Donatella Versace, Kendall Jenner, Gigi Hadid, Natalia Bryant, Precious Lee, Claudia Schiffer, lacy, Simone Bellotti, Francesca Murri, Matthieu Blazy, Blazy, Italy —, —, Paolo Fichera, Cavalli, Fendi, Shawn Kolodny, Pietro S, Beate Karlsson, Avavav, Sabato de Sarno's, Gregoire Avanel, Tom Ford's, Gaspar Ruiz, Pietro D'Aprano, Mattieu, Alfonso Catalano, Kim Jones nodded, Fendi Jones, Daniele Venturelli, Zakirova, Lodovico Colli di, Juila Roberts, Roberto Cavalli, Isidore Montag Organizations: Milan CNN — Milan, London, Bottega Veneta, Diesel, Prada, Britain’s Land Army, Dolce, Gabbana, Bally, Fondazione Prada, Accademia di Brera, Getty, Gucci Locations: British, Milan, Bottega, Hollywood, Fendi, organza, Los Angeles, Cannes, Bottega Veneta, Italy, French, Belgian, —, Missoni, Milan’s, Sunnei, Stockholm

☆ Live Updates: UAW strikers receive Biden's support as he walks picket line in Michigan
▼ + stars: | 2023-09-26 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

Left: President Joe Biden speaking about the auto workers strike from the Roosevelt Room of the White House in Washington on Sept. 15. Right: UAW President Shawn Fain at the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, on March 27. Susan Walsh/AP/Rebecca Cook/ReutersWhen President Joe Biden becomes the first sitting president to visit a picket line Tuesday, United Auto Workers union President Shawn Fain will be there with him. Six months ago, it was doubtful Biden or almost anyone else at the White House knew who Fain was. And in July, Fain was at the White House meeting with staff about the administration's support for EVs, and he met face-to-face with Biden.

Persons: Joe Biden, Roosevelt, Shawn Fain, Susan Walsh, Rebecca Cook, Biden, Fain, Joe Biden’s, ” Fain, he's, Donald Trump, Trump Organizations: White, UAW, Reuters, United Auto Workers, Ford, SK, White House Locations: Washington, Detroit , Michigan, Michigan

☆ Biden Joins U.A.W. Strike President Heads to Picket Line in Michigan to Court Autoworkers
▼ + stars: | 2023-09-26 | by ( Katie Rogers | Neal Boudette | ) www.nytimes.com time to read: +4 min

The high-profile contract fights have played out across the country, just as public opinion has been turning more in favor of organized labor. UPSThe union representing more than 325,000 UPS workers, the International Brotherhood of Teamsters, spent months negotiating a new contract with the company. The workers’ key demands included better pay for part-time workers, whom the company relies on heavily during busy periods, and improved heat safety. The work stoppage has grown in scope since, with the union expanding its strike to include spare-parts distribution centers for G.M. has pointed to growth in profits and chief executive compensation in making its demands for improved compensation for its members.

Persons: they’ve, —, Shawn Fain Organizations: United Automobile Workers, SAG, Writers Guild of America, International Brotherhood of Teamsters, Gallup, Bureau of Labor Statistics, Hollywood, Guild of America, UPS, United Auto Workers, U.S, — Ford, General Motors, Teamsters Locations: Hollywood, Staten

They gave everything from their pensions on, and they saved the automobile industry,” Biden said Monday from the White House. Biden is also leaning in on his union support at a time when labor enjoys broad support from the public, with 67% of Americans approving of labor unions in an August Gallup poll. White House officials dismissed the notion that Trump forced their hand and noted that Biden was headed to Michigan at the request of UAW President Shawn Fain, who last week invited the sitting president to join the strikers. “He is pro-UAW, he is pro-workers, that is this president,” White House press secretary Karine Jean-Pierre said Monday. Dave Ellis, who stocks parts at the distribution center, said he’s happy Biden wants to show people he’s behind the middle class.

Persons: Joe Biden’s, Franklin Delano Roosevelt, Harry Truman, Theodore Roosevelt, Roosevelt, Biden, —, ”, Erik Loomis, “, ” Biden, Donald Trump, Gallup, Trump, President Trump, Joe Biden, Jason Miller, Shawn Fain, Karine Jean, Pierre, Carolyn Nippa, ” Nippa, “ I’m, Dave Ellis, he’s, Ellis, Gene Sperling, Julie Su, ___ Krisher, Jill Colvin Organizations: WASHINGTON, United Auto Workers, Democratic, The, University of Rhode, UAW, White, Republican, Biden, ”, Trump, Labor, Associated Press Locations: Las Vegas, The Palms, University of Rhode Island, Detroit, California, Hollywood, Michigan, Pennsylvania, Palestine, Ohio, Van Buren Township , Michigan, Washington, Summerville , South Carolina

☆ Takeaways from Biden's visit to the UAW picketline
▼ + stars: | 2023-09-26 | by ( Kevin Liptak | ) edition.cnn.com time to read: +8 min

Nearly as soon as the United Auto Workers went on strike earlier this month, Biden voiced support for the workers. Wearing a UAW ball-cap and speaking through a bullhorn, Biden’s overt support for the striking workers was a break from his predecessors’ attempts at neutrality. Biden was invited by the UAW to join their picket line, and has spoken out forcefully in favor of the workers. Trump, who is not planning on joining a picket line, will speak instead at a non-union facility. Speaking at the picket line on Tuesday, Fain praised Biden for being the first president to join a picket line.

Persons: Joe Biden, Biden, Donald Trump, Trump, ’, ”, ” Biden, “, picketers, wasn’t, Karine Jean, Pierre, “ I’m, Shawn Fain, Fain, John F, Kennedy, Bill Clinton, Barack Obama Organizations: CNN, United Auto Workers, UAW, Trump, Biden, Michigan, Republican, White, Drake Enterprises, Air Force, Democratic, National Labor Relations Board Locations: autoworkers, Michigan, Detroit, California, Clinton Township , Michigan, Kansas City, Las Vegas

U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, September 26, 2023. Democrat Biden traveled to a Belleville, Michigan, parts distribution center owned by General Motors (GM.N), and joined dozens of picketers outside. Auto company sources said Biden's support for a 40% pay hike may make it harder to reach a compromise with the UAW. Calling Biden's visit a "historic moment in time," Fain accused CEOs of taking the profits and leaving workers to "fight for scraps." Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Joe Biden, Evelyn Hockstein, Donald Trump, Democrat Biden, Biden, you've, Trump, Tesla, Elon Musk, autoworkers, Shawn Fain, Fain, Biden's, Dave Urban, Ronald Reagan, Jason Miller, Theodore Roosevelt, Jeff Mason, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Nick Zieminski, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Tuesday, Republican, Democrat, General Motors, Companies, U.S, Auto, Biden, Twitter, Secret Service, Drake Enterprises, AFL, EV, Trump, GM, Ford, Chrysler, Detroit, Washington, Democratic, Michigan, White House, Thomson Locations: Bellville, Wayne County , Michigan, Rights BELLEVILLE , Michigan, Michigan, Belleville , Michigan, Detroit, U.S, Pennsylvania, Wisconsin, Biden's Michigan, Washington, Philadelphia, Wilton , Connecticut

☆ 'Just shut your mouth:' Populist Republicans back UAW workers' demands while slamming union leadership
▼ + stars: | 2023-09-26 | by ( Bryan Metzger | Nora Naughton | ) www.businessinsider.com time to read: +11 min

Hawley and Vance support striking auto workers, but they're not on the same page as union leadership. AdvertisementAdvertisementAs strikes at auto manufacturing plants continue across the country, some populist-minded Republicans are breaking from their party's long-standing orthodoxies and backing the United Auto Workers' demands. Last week, Fain even slammed Donald Trump as part of the "billionaire class" following the news that the former president would address union workers in Michigan this week. So far, the only company that has figured out how to squeeze consistent profits out of electric cars is Tesla, which does not use more union labor. The union is now aiming to rebuild its reputation and influence in automotive labor and the labor movement writ large.

Persons: Hawley, Vance, they're, It's, —, what's, Sen, JD Vance, Ohio, Josh Hawley, Biden, Shawn Fain, They've, Fain, Donald Trump, Sherrod Brown, Brown, we've, Detroit's Ford, Matt Wegener, Wegener, EVs, Charmonique Demings, Trump —, Trump Organizations: PRO, Service, United Auto Workers, Republicans, UAW, GM, Stellantis, Biden's, Democrat, Michigan Assembly, Ford's Michigan, Trump, US, Detroit —, National Labor Relations Board, Supreme, Bloomberg, Biden, Battery, EV, Volkswagen, Tesla, Republican, Ford, Democratic, Democratic Party, American Locations: Josh Hawley of Missouri, China, Wentzville , Missouri, Michigan, Ohio, Detroit, Trump's Michigan, States, Mexico, Canada, Missouri

☆ UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
▼ + stars: | 2023-09-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

President Joe Biden is expected to visit a picket line Tuesday in the Great Lake State following a public invitation Friday from UAW President Shawn Fain. UAW members Niko Shinn (front) and Darius Collier (back) walk a picket line on Sept. 25, 2023 outside a Mopar facility owned by automaker Stellantis in Centerline. Fain has appeared with the independent senator from Vermont in Washington, D.C., and during a recent UAW rally in Detroit. Trump led Biden 46% to 43% among union members in an August survey, after Biden led Trump 51 % to 42% in June, according to Bernie Porn, president of EPIC·MRA. "With union members, he has been so supportive of just about everything that union members want.

Persons: Rebecca Cook, Joe Biden, Shawn Fain, Donald Trump, Leah Millis, Trump, Darius Collier, Collier, Stellantis, They've, Biden, Fain, Mark Burton, Gretchen Whitmer, Niko Shinn, Michael Wayland, Whitmer, Debbie Dingell, Sen, Bernie Sanders, Sanders, Fain's, who's, Bernie Porn, Trump's, Jamie Roe, Scott Olson Organizations: GM, United Auto Workers, Louisville Kentucky, Reuters DETROIT, General Motors, Ford Motor, Air Force, Joint Base Andrews, Reuters Biden, Biden, Trump, White, UAW, Michigan Gov, Democrat, Stellantis, CNBC Michigan, U.S . Rep, Washington , D.C, Detroit automakers, GOP, Trump's, Drake Enterprises, Republican, Plant, Getty Locations: Louisville, Detroit , Michigan, Michigan, Great Lake State, Clinton Township , Michigan, U.S, Joint Base Andrews , Maryland, . Michigan, Vermont, Washington ,, Detroit, Macomb County , Michigan, United States, Ford's Wayne, Wayne , Michigan

☆ Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
▼ + stars: | 2023-09-26 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM's Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. President Joe Biden joined United Auto Workers members Tuesday on the picket line outside Detroit and urged strikers to continue their fight for new contracts with big pay raises. You deserve a significant raise and other benefits," Biden said, wearing a UAW hat. The White House dodged questions Monday about whether Biden supports the specific demands of the UAW workers. But when asked at the picket line Tuesday whether he thinks workers deserve a 40% pay raise, Biden said "yes."

Persons: Joe Biden, Shawn Fain, Biden Organizations: United Auto Workers, UAW Locations: Bellville , Michigan, Detroit

Trump has slammed the president for the visit, claiming Biden “had no intention” of walking the picket line until Trump said he would make a speech in Michigan. In the absence of an announced plan from the White House, speculation spread through the UAW ranks that Biden would go to whatever picket line was closest to the airport. Amid mounting political pressure to ramp up his public support, Biden is expressing solidarity with the union members, who are striking against the Big Three automakers – General Motors, Ford and Stellantis – for a second week. Union members, once a reliable Democratic voting bloc, have gradually gravitated to Republican candidates, according to CNN polls and the AFL-CIO, the nation’s largest labor federation. The historic presidential picket line appearance will reaffirm his commitment to the critical voting and organizing group ahead of the 2024 election.

Persons: Joe Biden, Donald Trump, Biden, He’s, –, Trump, Biden “, “, ” Biden, I’ve, Karine Jean, Pierre, ” Jean, Shawn Fain, ”, “ We’re Organizations: CNN, United Auto Workers, Trump, Republican, UAW, White, Big Three, –, Motors, Ford, National Labor Relations Board, Union, AFL Locations: Wayne County , Michigan, Washington, Michigan, Detroit

☆ Biden vs. Trump in Michigan: Views on unions, the UAW auto strike
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

U.S. President Joe Biden salutes as he departs Joint Base Andrews for Michigan where he will join striking members of the United Auto Workers on the picket line, in Maryland, U.S., September 26, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsSept 26 (Reuters) - U.S. President Joe Biden and 2024 Republican front-runner and former President Donald Trump both travel to Michigan this week to talk to local auto industry workers, as a United Auto Workers' strike spreads around the country. JOE BIDEN: SHARE THE PROFITSMichigan trip: Biden is expected on a UAW picket line in Wayne County, where he will meet with UAW President Shawn Fain. Michigan message: Biden is expected to side with striking workers and urge the companies to share their record profits with workers. As president: Trump lowered taxes for U.S. companies including the auto giants and appointed people to the National Labor Relations Board who unions say weakened protections for workers.

Persons: Joe Biden, Evelyn Hockstein, Donald Trump, JOE BIDEN, Biden, Shawn Fain, Fain, ” DONALD TRUMP, Trump, Nandita Bose, Nathan Layne, Heather Timmons, Matthew Lewis Organizations: Base Andrews, United Auto Workers, REUTERS, Republican, Biden, Democrat, Trump, U.S, UAW, Drake Enterprises, National Labor Relations Board, Truth, Thomson Locations: Michigan, Maryland, U.S, Wayne County, United States, Detroit, Washington, Wilton , Connecticut

☆ Biden will join striking auto workers on the picket line in Detroit — the first time a sitting US president has done so
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Biden will join the striking United Auto Workers on the picket line — a first for any president. Trump, like Biden, will also head to Detroit and hold an event to garner support for his 2024 run. Many unions have endorsed Biden but blue-collar workers are split on who they're voting for. "He is pro-UAW, he is pro-workers, that is this president," White House press secretary Karine Jean-Pierre said Monday. She said it was "great that we have a president who wants to support local unions and the working class."

Persons: Biden, Trump, —, Joe Biden's, Franklin Delano Roosevelt, Harry Truman, Theodore Roosevelt, Roosevelt, Donald Trump, autoworkers, Erik Loomis, Matt Rourke Biden, Gallup, Julie Chavez Rodriguez, Cesar Chavez, President Trump, Joe Biden, Jason Miller, Shawn Fain, Karine Jean, Pierre, Carolyn Nippa, Nippa, Dave Ellis, he's, Ellis, Gene Sperling, Julie Su Organizations: United Auto Workers, Service, Republican, Democratic, The, University of Rhode, UAW, White, General Motors, Associated Press, United Farm Workers, Biden, Trump, Labor Locations: Detroit, Las Vegas, The Palms, University of Rhode Island, California, Hollywood, Pennsylvania, Michigan, Palestine, Ohio, Van Buren Township , Michigan, Washington

Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Striking auto workers say they would like to see more support from elected officials as they push to get companies to share more of the profits. Republicans believe Biden's push to electrify America's vehicle fleet, by pumping billions of dollars of tax rebates into EV manufacturing, is unpopular with auto workers. In Michigan, Trump will criticize Biden's economic policies and incentives promoting EVs and say he would do a better job of protecting blue-collar workers if elected to a second term, Miller added. Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Nalio Chery, Joe Biden, Donald Trump, Biden, Shawn Fain, Fain, Dave Urban, Brandon Cappelletty, Trump, Robert Bruno, Ronald Reagan, Jason Miller, Miller, Karen Finney, Finney, Theodore Roosevelt, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Jamie Freed Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, REUTERS, Rights, Republican, Biden, Trump, General Motors, Ford, Chrysler, University of Illinois, Michigan, EV, Democratic, White House, Thomson Locations: Wayne , Michigan, U.S, Dieu, Michigan, Wayne County , Michigan, Detroit, Toledo , Ohio, Pennsylvania, Wisconsin, Biden's Michigan, Kansas City

☆ Ford says 'significant gaps' remain in UAW labor contract talks
▼ + stars: | 2023-09-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The UAW, which on Friday cited "real progress" in talks with the No. In contrast to Ford, the UAW has expanded strikes against General Motors (GM.N) and Chrysler-parent Stellantis (STLAM.MI) to 38 parts distribution centers across the United States. The UAW began unprecedented, simultaneous strikes on Sept. 15 at one assembly plant each of the Detroit Three after the prior four-year labor deals expired. The strikes at additional GM and Stellantis facilities on Friday added about 5,600 workers to the 12,700 previously on strike. Stellantis temporarily laid off 68 employees in Ohio last week and expects to furlough another 300 workers in Indiana because of the strike.

Persons: Ford, Shawn Fain, Joe Biden, Donald Trump, Stellantis, David Shepardson, Muralikumar Anantharaman, Edwina Gibbs Organizations: Ford, United Auto Workers, UAW, General Motors, Chrysler, GM, Detroit, Detroit Three, Thomson Locations: U.S, United States, Michigan, Clinton Township , Michigan, Kansas, Ohio, Indiana

DETROIT (AP) — Ford Motor Co. said Monday that it's pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. Earlier this year Virginia dropped out of the race for the same Ford plant after Republican Gov.

Persons: —, Ford, Marshall, TR Reid, ”, Shawn Fain, Sarah Lightner, Ford “, “, ” Lightner, Sam Abuelsamid, Abuelsamid, Biden, Glenn Youngkin, Joey Cappelletti, David Koenig Organizations: DETROIT, — Ford Motor, United Auto Workers union, UAW, Ford, Detroit, General Motors, EV, Amperex Technology, . Ltd, Republican State Rep, Guidehouse, Republican Gov, Chinese Communist Party, ____ Associated Press Locations: Michigan, Marshall , Michigan, Detroit, Marshall, China, U.S, Virginia, Lansing , Michigan, Dallas

☆ These 5 Club stocks have defied the S&P 500's recent slide
▼ + stars: | 2023-09-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . Still, some Club stocks have been able to buck the downward trend since the start of the month — and none more so than Humana (HUM). The health insurer advanced 7.3% through Friday's close, putting it among the top-10 performing stocks in the S & P 500 over that stretch. In a year largely characterized by outperformance in technology stocks, health care has been one of the worst S & P 500 sectors . The stock entered Monday's session down more than 11% in 2023, the third-worst of any Club stock.

Persons: Jim Cramer, Jim, Centene, Molina, it's, Ford's outperformance, –, Shawn Fain, Ford, Honeywell's outperformance, Vimal, Morgan Stanley, Kupar, Darius Adamczyk, Jim Cramer's Organizations: Federal Reserve, Treasury, CVS Health, Molina Healthcare, McKesson Corp, Humana, Costco Wholesale, Ford, Costco, Club, Detroit, General Motors, Chrysler, United Auto Workers, GM, UAW, Reuters, Honeywell International, Meta, Street Journal, Morgan, CNBC, New York Stock Exchange, View Press, Getty Locations: Friday's, Kupar, New York

☆ CNBC Daily Open: Summer of discontent
▼ + stars: | 2023-09-25 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 has fallen 4.2% this month, on pace for its second straight losing month and its worst month since December. CNBC screened FactSet data to examine what equities traders are betting on, or fleeing, as macroeconomic uncertainty continues.

Persons: Shawn Fain, Stocks, Goldman Sachs — Organizations: UAW, United Auto Workers, CNBC, Nasty, Federal Reserve, Dow Jones, Nasdaq, House Republicans, Thursday, Soviet, Economic Union, P500 Locations: Detroit, Detroit , Michigan, U.S, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moscow

☆ CNBC Daily Open: Summer discontent is spilling into the fall
▼ + stars: | 2023-09-25 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This has turned market attention to how long rates will be held at current levels, amid strains on economic growth. CNBC screened FactSet data to examine what equities traders are betting on, or fleeing, as macroeconomic uncertainty continues.

Persons: Shawn Fain, Evergrande, Will Organizations: UAW, United Auto Workers, CNBC, Nasty, Nikkei, House Republicans, Thursday, Soviet, Economic Union, P500, Federal Reserve Locations: Detroit, Detroit , Michigan, Japan, Asia, Pacific, U.S, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moscow

☆ Ford pausing work on $3.5 billion Michigan electric vehicle battery plant
▼ + stars: | 2023-09-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Ford is pausing work on a new, $3.5 billion electric vehicle battery plant in Michigan, even as the transition to electric vehicles has become a major sticking point in a United Auto Workers strike against automakers Ford, GM and Stellantis. No final decision has been made on whether the plant will, ultimately, become operational, said Ford spokesman T.R. If completed, the plant will be located on a 950-acre site in southern Michigan near the town of Marshall. The battery plant was planned to operate in addition to plants in Kentucky and Tennessee that Ford announced in 2021. Ford has said it plans to be able to produce 2 million electric vehicles globally by late 2026.

Persons: CNN — Ford, T.R, Reid, Ford’s, Ford, “, ”, ” Ford, Shawn Fain Organizations: CNN, United Auto Workers, Ford, GM, Marshall, General Motors, UAW, Ford Motor Co, Amperex Technology, SK Innovations Locations: Michigan, Marshall, United States, Kentucky, Tennessee, South Korea

☆ Biden's visit to UAW picket line not influenced by Trump's, White House says
▼ + stars: | 2023-09-25 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden hosts a summit with Pacific Island nation leaders at the White House in Washington, U.S., September 25, 2023. WASHINGTON — President Joe Biden's decision to join striking United Auto Workers in Detroit, Michigan, on Tuesday was not influenced by former president Donald Trump's planned visit on Wednesday, White House Press Secretary Karine Jean-Pierre said. "Absolutely not," Jean-Pierre said when asked at the press briefing Monday. "This decision to visit the picket line was based on his own desire. Jean-Pierre said Biden is visiting the picket line at the invitation of UAW President Shawn Fain and stands with autoworkers, though she did not get into details of the ongoing negotiations between the union and automakers.

Persons: Joe Biden, Joe Biden's, Donald Trump's, Karine Jean, Pierre said, Jean, Pierre, —, Biden, Shawn Fain Organizations: White, WASHINGTON, United Auto Workers, White House Press, UAW, Ford, General Motors Locations: Washington , U.S, Detroit , Michigan

☆ UAW President Fain to join President Biden on the picket line Tuesday in Michigan
▼ + stars: | 2023-09-25 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +1 min

CNN —United Auto Workers union President Shawn Fain will join President Joe Biden on the picket line Tuesday in Wayne County, Michigan, according to a source familiar with the situation. Trump will skip the second Republican presidential primary debate in California Wednesday and is expected to also head to Michigan to address union workers. Negotiations between the striking UAW and Ford remained very active over the weekend and on Monday, but there is still distance on some key issues. There has not been the same movement and seriousness of progress with both General Motors and Stellantis, the source added. Fain said Friday “all parts distributions centers at General Motors and Stellantis will be on strike.

Persons: Shawn Fain, Joe Biden, Donald Trump’s, Fain, ” Organizations: CNN — United Auto Workers, UAW, Trump, Republican, United Auto Workers, General Motors, Ford, Big Three, GM Locations: Wayne County , Michigan, California, Michigan

Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment. The retreat has deepened with Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon. Pressure has built on Wall Street as yields in the bond market climbed to their highest levels in more than a decade. The Nasdaq composite, which is full of tech and other high-growth stocks, slumped 3.6% for its worst week since March.

Persons: Hang Seng, Australia's, They’d, Shawn Fain, Ford, It’s, Brent Organizations: American, China Evergrande, Dow Jones, Nasdaq, Federal Reserve, U.S, Motors, United Auto Workers, Auto, Treasury, that’s, Nvidia, Microsoft’s, Activision, Microsoft, New York Mercantile Exchange Locations: Asia, Tokyo, U.S, China, Shanghai, Seoul, American

☆ Job security provisions could be the key to ending the auto strike
▼ + stars: | 2023-09-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —As important as wages and benefits are in the unprecedented United Auto Workers strike against General Motors, Ford and Stellantis, nothing is more important than job security. When Fain announced an expansion of the strike against GM and Stellantis, he specifically exempted Ford because of that progress. The UAW hasn’t disclosed more details on job security discussions with Ford. And much of the job losses are due to the drop in US market share by the three unionized automakers. “One thing that’s most important is job security,” General Motors CEO Mary Barra told CNN the day the strike started, “When I talk to employees…they want to know their facility is getting a new product.”

Persons: Shawn Fain, Fain, Ford, ” Fain, ” Ford, “, ”, Stellantis, Jeff Schuster, Mary Barra Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, UAW, GM, Labor, GlobalData, Big, ” General, CNN Locations: New York, Belvidere , Illinois, Edmunds

Senator Tim Scott (R-SC) attends a "Politics and Pie" town hall at Phenix Hall in Concord, New Hampshire, U.S., August 25, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Sept 22 (Reuters) - The United Auto Workers (UAW) union has filed a labor complaint against Republican presidential candidate and U.S. Senator Tim Scott after his suggestion that auto workers on strike should be terminated. Scott doubled down on Friday after the complaint against him and said UAW "is one of the most corrupt and scandal-plagued unions" in the United States. * The automakers have proposed 20% raises over 4-1/2 years, while the UAW is seeking 40%.

Persons: Tim Scott, Elizabeth Frantz, Shawn Fain, Scott's, Scott, Ronald Reagan, Kanishka Singh, Chris Reese Organizations: U.S, SC, Phenix Hall, REUTERS, Rights, United Auto Workers, UAW, Republican, National Labor Relations Board, Detroit, General Motors, Chrysler, GM, Thomson Locations: Concord , New Hampshire, U.S, United States, United, Washington

☆ Canadian autoworkers vote on tentative deal with Ford
▼ + stars: | 2023-09-23 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —Members of Canada’s autoworkers union, Unifor, began voting Saturday on a tentative three-year agreement the union announced it reached with Ford Motor Co. last week. Ford has said it will not comment on the terms of the tentative agreement while Unifor conducts its ratification vote. The provisional agreement comes as Ford is making headway in its negotiations with the United Auto Workers, the union representing American workers. “We do want to recognize that Ford is serious about reaching a deal,” UAW President Shawn Fain said Friday. The UAW said it did not have a comment on the terms of the Unifor deal with Ford.

Persons: Canada’s, Unifor, ”, —, “, Ford, Shawn Fain Organizations: CNN, Ford Motor Co, Stellantis, General Motors, United Auto Workers, Ford, UAW

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