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U.S. stock futures inched up Sunday night as investors look toward the Federal Reserve's next policy decision. The broad market index and the Nasdaq both ended the previous trading week in the red, marking their second straight week of losses. However, Krosby believes higher prices could be ahead as the labor market remains strong. September's Housing Market Index data is scheduled to be released. The New York Fed will also be announcing September's Business Leaders Survey results.
Persons: Dow, it's, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Fed, LPL, PPI, United Auto Workers, UAW, New Locations: Detroit, September's
Ford also faces strike at Canadian plants Monday night
  + stars: | 2023-09-17 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
Unifor, the union that represents autoworkers in Canada, is preparing to go on strike against Ford on Monday night. The 3,400 Unifor members at the plant produce the Ford Edge and the Lincoln Nautilus SUVs. The two plants have a total of 1,700 Unifor members. It has not had a US strike since 1978, nor a Canadian strike since 1990. But Payne said her members at Ford are prepared to strike Monday night if the company doesn’t step up to its demands.
Persons: Ford, Lana Payne, “ We’re, ” Payne, , Jeff Schuster, , Payne, she’s, Unifor, ” Ford Organizations: New, New York CNN, United Auto Workers, Ford, CNN, UAW, Ford Edge, Lincoln Nautilus, Nautilus, – Ford, General Motors, North American, Jeep, Dodge, Chrysler, GlobalData, GM, Canadian, US Locations: New York, Canada, Toronto, Oakville , Ontario, Windsor , Ontario, Detroit, Windsor, Warren , Michigan, United States, Mexico, America
EVs have fewer parts than gas-powered vehicles. This means fewer jobs in the industry. That means fewer jobs because EVs are much simpler and therefore easier to assemble. Higgins wrote a book about Tesla, called Power Play, that expertly explains how the company developed a more efficient vehicle manufacturing process. The Tesla Giga Press is a giant machine that uses aluminum die casting to make much larger vehicle parts.
Persons: Stellantis, Tesla, I've, Jim Farley, Carl Court, Elon Musk, Tim Higgins, Higgins Organizations: GM, Ford, EV, Service, Bloomberg, Congressional Research Service, Labor, Auto, Financial Times, UAW, Street, Tesla, Shanghai, Giga, Tesla Giga Press, Toyota, Hyundai, Reuters Locations: Wall, Silicon, Dagenham , England
In addition to calling for a 36% pay raise and increased job security, union members want a 32-hour, four-day workweek with no pay cuts. Proposals to shorten the workweek have gained traction in recent years, with the flexibility of pandemic-era remote work fueling many of these calls. The accelerating use of artificial intelligence in the workplace has also pushed some workers to question the necessity of a 40-hour week. Sen. Bernie Sanders has long been a vocal proponent of a shortened workweek. “The question as a nation that we have to ask ourselves is: Who is going to benefit from this productivity?
Persons: Sen, Bernie Sanders, CNN’s Jake Tapper, , , Sanders Organizations: CNN, United Auto Workers, General Motors, Ford, Vermont Independent, UAW, Locations: United Kingdom, America, Iceland, United States, Canada
Bernie Sanders on Sunday voiced support for a 4-day workweek, a demand of striking auto workers. "People in America are stressed out for a dozen different reasons," Sanders said. "As a nation, we should begin a serious discussion — and UAW is doing that — about substantially lowering the workweek," Sanders, an independent who caucuses with the Democrats, told CNN's Jake Tapper. AdvertisementAdvertisement"People in America are stressed out for a dozen different reasons, and that's one of the reasons why life expectancy in our country is actually in decline," he said. Sanders argued that cutting time at work would also be a just reward for gains in worker productivity, particularly with the advent of AI.
Persons: Bernie Sanders, Sanders, Vermont Sen, , Stellantis, it's, CNN's Jake Tapper, They've, They're Organizations: CNN, Service, United Auto Workers, Ford, GM, UAW, CDC, Studies Locations: Vermont, America, Wall, Silicon
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.
Persons: CNN — “ Troy, Hadrian, , , George S, Patton, , Stephen D, Clay Jones, Elon Musks, Elon, Nicole Hemmer’s, Walter Isaacson, Musk “, Musk, ” “ Isaacson, Isaacson, ” Hemmer, Walt Handelsman, Kevin McCarthy, Donald Trump, McCarthy, Joe Biden, “ Trump, impeaching Biden, Norman Eisen, Trump, ” Eisen, Biden, James Antle III, , Hunter, McCarthy “, John Avlon, Dennis Aftergut, Lindsey Graham wasn’t, Michelle Lujan Grisham, she’s, Hunter Biden, Robert J, Spitzer, It’s, ” Vladimir, Kim, Vladimir Putin, Kim Jong, Frida Ghitis, Putin, vaingloriously, Peter the Great, Sébastien Roblin, Don’t, Romney Francis Chung, AP Sen, Mitt Romney, Romney, Sen, John McCain, Trump’s, Lanhee J, Chen, Lisa Benson, Kate Bahn, ’ I’m, , Dana Peterson, Erik Lundh, ” Dana Summers, Kunis Mila Kunis, Ashton Kutcher, Mila Kunis, Danny Masterson, Jill Filipovic, “ Kutcher, Kunis, Kutcher, Masterson, Danilo Cavalcante, Arick, Scott Stantis, Jeff Yang, Jets Phil Hands, Julian Zelizer, Aaron Rodgers ’, ” Don’t, Nick Anderson, Tess Taylor, Tommy Tuberville, Mahnaz, Roxanne Jones, Coco Gauff, Amanda Tyler, Lara Setrakian, Paul Hockenos, Don Lincoln, Sophia Nelson, Tim Scott, Kenneth Branagh, Agatha Christie’s, Hercule Poirot, Noah Berlatsky, Poirot, Branagh, Sara Stewart, Winona Ryder Organizations: CNN, US, Marine Corps, Third Army, Vostochny, Twitter, Defamation League, Agency, Caucus, Republicans, Democrats, White, North, Putin, AP, Senate, Hollywood, Motors, Ford, Chrysler, Dodge, Peugeot, United Auto Workers, UAW, , Federal Reserve, Conference Board, Ninth, Academy Museum of Motion Pictures, REUTERS, Reuters, Apple, European Union, Jets, Boston Red Sox, The Chicago Cubs, The New York Jets, New York Jets, MetLife, Tribune, Studios Locations: China, Washington, New Mexico, Detroit, Russia’s, South Africa, Hunter Biden’s, Albuquerque, Bernalillo County, Russia, Ukraine, , Los Angeles , California, U.S, Aude, Pennsylvania, Brazil, Cupertino , California, Iran, New Texas, Venice
The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal working conditions at mighty General Motors, the world’s largest manufacturer. The UAW’s sit-down strike across GM plants lasted 44 days. The 44-day strike birthed the United Auto Workers union. The UAW is calling its new strategy a “stand up strike,” a reference to the sit-down strike that started 87 years ago, and has launched targeted strikes at selected plants. The sit-down strike also prompted unionization and a wave of strikes in other industries.
Persons: Sheldon Dick, , Shawn Fain, “ Shawn Fain, , Thomas Sugrue, GM foremen, Steven Greenhouse, Tom Watson, Frank Murphy, , Joseph McCartin, Emily Elconin, Fain, McCartin Organizations: New, New York CNN, General Motors, Fisher, United Automobile Workers, GM, United Auto Workers, UAW, Detroit’s, Motors, Ford, New York University, American Labor, ” Strikers, Chevrolet, NY, Getty Images Police, Management, Flint police, Michigan Gov, National Guard, New York Times, Magazine, Chrysler, “ Auto, Georgetown University, Bloomberg, Getty, Unions, Current UAW Locations: New York, Flint , Michigan, America, Europe, Flint, Bettmann, Ford, Wayne , Michigan
Nike, under CEO John Donahoe, continued its total dominance that it had under previous leaders Mark Parker and Phil Knight. I really, really like Starbucks CEO Laxman Narasimhan and we are going to see a very strong executive make decisions now that Howard is gone. Apple weakness just casts a pall over everything. We have had weakness in the banks on fears of more regulation and that's only getting worse. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Let's, John Donahoe, Mark Parker, Phil Knight, It's, Armour, Nike's, Locker, Mary Dillon, Kevin Johnson, Howard Schultz, Schultz, Bob Iger, Robert Chapek —, Johnson, Chapek, Laxman Narasimhan, Howard, Gina Raimondo, Apple —, Stellantis, Joe Biden, Shawn Fain, Safra, Marc Benioff couldn't, LEN, Darden, it's, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Nike, Adidas, Armour, Dick's Sporting, China, Disney, Apple, Micron, Qualcomm, Starbucks, United Auto Workers, Detroit, , Motors, Chrysler, Ford, walkouts, U.S, UAW, Oracle, Marriott, Booking Holdings, Federal, FedEx, KB, Jim Cramer's Charitable, CNBC, General Motors, Big, Getty Locations: China, Europe, American, United States, Oracle's, Detroit , Michigan
UAW strikes are just the latest in a wider trend of increased labor action across the US. Over 4.1 million working days were lost to strikes in August, the highest in almost 25 years. Public approval of labor unions is also up, reaching its highest point since 1965 in recent years. This August 4.1 million workdays were lost to strikes and lockouts, according to analysis of Labor Department data by The Wall Street Journal. In August, 67% of Americans said they approved of labor unions in a Gallup poll, up from 54% in 2013.
Persons: Ashley Landis Organizations: UAW, Service, Labor Department, Wall Street, Hollywood, NBC, United Auto Workers, Detroit, General Motors, Ford, Unions Locations: Wall, Silicon, Hollywood
About 12,700 UAW workers remained on strike for a second day as part of a coordinated labor action targeting three U.S. assembly plants - one at each of the Detroit Three automakers. However, the UAW comment about the tenor of talks at Ford was more positive than the union's characterization of progress ahead of the kickoff of the strikes. "As we have said all along, Ford has bet on the UAW more than any other company. We are committed to reaching an agreement with UAW that rewards our workers and allows Ford to invest in the future. GM said on Thursday the UAW wage and benefits proposals would cost it $100 billion, while Ford's Farley said the a 40% UAW wage hike would "put us out of business."
Persons: Stellantis, Jim Farley, Ford, Mark Truby, Mark Stewart, Stewart, Shawn Fain, Fain, Ford's Farley, Joe Biden, David Shepardson, Joseph White, Paul Simao Organizations: United Auto Workers, Ford, Chrysler, UAW, Detroit Three automakers, Union, General Motors, GM, North American, Ford Bronco, Chevrolet, Thomson Locations: Illinois, Belvidere , Illinois, Michigan , Ohio, Missouri, Chevrolet Colorado, Michigan, Kansas, Toledo , Ohio
Explainer: UAW strikes target Detroit Three automakers
  + stars: | 2023-09-16 | by ( ) www.reuters.com   time to read: +5 min
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 16 (Reuters) - The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action against the Detroit Three automakers. Detroit automakers, like their global counterparts, have been focused on cost reductions, which in some cases include job cuts, to help accelerate a shift to electric vehicles (EVs) from gasoline-powered vehicles. Contract talks between the UAW and the Detroit automakers in past years had gone on until the strike deadline and beyond. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike. The walkout on Friday was smaller than some analysts expected, with only three auto plants in Michigan, Ohio and Missouri targeted.
Persons: Andrew Kelly, Shawn Fain, Stellantis, Fain, Biden, Tesla, GM's, Nathan Gomes, Paul Simao, Sriraj Kalluvila, Diane Craft Organizations: United Auto Workers, UAW, International Workers, REUTERS, Detroit Three automakers, General Motors, Ford Motor, Chrysler, Detroit, WHO, Ford, FROM, GM, EV, Deutsche Bank, Lear Corp, Anderson Economic Group, Ford Bronco, Chevrolet, Thomson Locations: New York, Manhattan , New York City , New York, U.S, Michigan , Ohio, Missouri, Chevrolet Colorado, Bengaluru, Washington
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
  + stars: | 2023-09-16 | by ( Tim Higgins | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: uaw
Striking United Auto Worker Diana Osborne holds a strike sign outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S. September 15, 2023. GM CEO Mary Barra sent a letter to employees Thursday saying the company’s latest offer now includes a 20% raise, with an immediate 10% pay hike. The lower-paid temporary employees would get $20 an hour, which represents at 20% raise from current $16.67 an hour they receive. Anger is mounting with Stellantis:Stellantis is making greater use of lower-paid temporary workers than the other automakers. Eliminating or at least limiting use of temporary workers is a major issue for the union.
Persons: Worker Diana Osborne, Rebecca Cook, Shawn Fain, Mary Barra, Jim Farley, Farley, Wheaton, Stellantis Organizations: United, Worker, Ford Michigan Assembly Plant, Reuters, United Auto Workers, UAW, General Motors, Ford, Jeep, Dodge, Chrysler, North America, Workers, GM, CNN, Cornell University’s Industrial, Labor Relations Locations: Wayne , Michigan, U.S, Wentzville , Missouri, Toledo , Ohio, Ford, Buffalo .
The truth is we are going to wreck the billionaire economy," said UAW President Shawn Fain. UAW vice president Chuck Browning, who is leading talks with Ford, told a rally of hundreds of UAW workers in downtown Detroit on Friday afternoon that recent talks have made "good progress, but we have far to go." Striking workers said "tier two" employees can make only half the hourly wages of senior UAW workers and get worse benefits. GM said on Thursday the UAW wage and benefits proposals would cost the automaker $100 billion, but did not elaborate. Biden's likely opponent, former president Donald Trump, on Friday criticized the shift to EVs as a job-killer for the UAW.
Persons: Ford, We’re, Shawn Fain, Chuck Browning, Joe Biden, Bruce Baumhower, Rebecca Cook, Arthur Wheaton, Jim Farley, Mary Barra, Bernie Sanders, , Sofus Nielsen, Biden, Julie Su, Gene Sperling, White, Stellantis, Fain, Biden's, Donald Trump, Joseph White, Kevin Krolicki, David Shepardson, Steve Holland, Mehr Bedi, David Gaffen, Peter Henderson, Matthew Lewis, Chris Reese Organizations: DETROIT, United Auto Workers, General Motors, Ford Motor, Chrysler, Ford Bronco, Chevrolet, UAW, Ford, Detroit, Ford Michigan Assembly Plant, REUTERS, Cornell's School of Industrial, Labor, CBS, Reuters Graphics, Tesla, GM, Thomson Locations: Chevrolet Colorado, Kansas, Detroit, Toledo , Ohio, Wayne , Michigan, Barra, Wayne, Milan, Washington, Bengaluru
New York CNN —The United Auto Workers strike isn’t happening in a vacuum. From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike in recent months to demand higher pay and improved benefits and working conditions. Members of the United Auto Workers union line up to enter a membership meeting in advance of the September 14 expiration of their union contract with Stellantis, Ford, and General Motors on September 10, 2023, Detroit, Michigan. Workers gained power during the pandemic as Covid-19 cast a spotlight on essential workers’ sacrifices and the vast disparities among America’s workforce. A striking SAG-AFTRA member pickets with other SAG-AFTRA members and striking WGA (Writers Guild of America) workers outside Warner Bros.
Persons: Paul Frangipane, , Joseph McCartin, Jim West, , ” McCartin, Mario Tama, ” Gallup, Ronald Reagan, Reagan, Dennis Caruso, EPI, Michael M, Shawn Fain, Fain Organizations: New, New York CNN, United Auto Workers, Starbucks, Teamsters, UPS, Labor, Bloomberg, Getty, Georgetown University, Economic, Institute, Ford, General Motors, Stellantis, ZUMA Press Wire Workers, Workers, SAG, WGA, Guild of America, Warner Bros, Gallup, Union, International Brotherhood of Teamsters, Air, NY, , Companies, Cornell University Institute of Labor Relations, Sinai, UAW Locations: New York, Brooklyn, Detroit , Michigan, Burbank , California, United States
UAW president Shawn Fain said “we’re not going to wreck the economy. For instance, if all UAW workers at Ford, General Motors and Stellantis strike for 10 days, it would cost the US economy $5 billion, according to Anderson Economic Group’s estimates. He estimated $440 million worth of income would be lost nationally if all the UAW members strike for two weeks. If the strike lasts eight weeks, he estimates a $9.1 billion hit to incomes nationwide. Cars could get more expensiveAnderson Economic Group estimated that 25,000 vehicles won’t be produced if the strike lasts 10 days.
Persons: ” Gabriel Ehrlich, Shawn Fain, “ we’re, Ehrlich, Tyler Theile, That’s, they’re, Theile, Jonathan Smoke, CNN’s Peter Valdes, Dapena Organizations: New, New York CNN, United Auto Workers, University of Michigan, CNN, UAW, Ford, General Motors, Anderson Economic, Anderson Economic Group, Suppliers, Big, Cox Automotive Locations: New York, what’s, Michigan
NEW YORK (AP) — The United Auto Workers said Saturday it had “reasonably productive conversations” with Ford, as its limited strike against the Big 3 automakers carried into a second day. Stellantis on Saturday also gave details about its most recent offer to the union, which brought its wage proposal roughly in line with its competitors. Now that number is zero, and Stellantis wants to keep playing games.”Nearly 1 in 10 of America’s unionized auto workers went on strike Friday. Automakers have since told some non-striking workers not to report to work, including 600 who were told not to report Friday to a Ford plant. Politicians have been pushing automakers to consider workers who gave up pay and benefits to help their employers during the Great Recession.
Persons: Mark Stewart, Stewart, Shawn Fain, Stellantis, Barack Obama Organizations: United Auto Workers, Ford, Big, Motors, Chrysler, UAW, North America, Stellantis Locations: Stellantis, Belvidere , Illinois, Belvidere, Wentzville , Missouri, Wayne , Michigan, Detroit, Toledo , Ohio, Ford
The standoff between the UAW and major automakers Stellantis, Ford and General Motors reached a fever pitch Friday, with the union starting work stoppages after an agreement wasn't met by a Thursday night deadline. UAW President Shawn Fain said earlier this week that Stellantis had previously offered a 17.5% increase. Under the new proposal, starting pay for supplemental employees would increase by $4.22, or nearly 27%, to $20 an hour. Stellantis leadership also pushed back against the union's descriptions of the automaker's plans to close or sell 18 facilities. The company has said it aims to run parts distribution centers more efficiently and continue shifting resources toward electric vehicles.
Persons: Stellantis, Mark Stewart, General Motors, wasn't, walkouts, Shawn Fain, Ford, Jim Farley, Stewart, Joe Biden, — CNBC's Michael Wayland Organizations: United Auto Workers, Detroit, Ford, General Motors, UAW, General, GM, CNBC
The Softbank-owned chip designer's return to the public markets — the largest initial public offering since 2021 — was the highlight of the week. Those are the three things that we'll be focusing on in the week ahead. While struggling to snap back after Covid, China this week reported better-than-expected industrial output and stronger retail sales, signaling that things may be looking up. The United Auto Workers strike against Detroit's three biggest automakers will continue in the week ahead, barring a labor deal. ET: Fed Governor Lisa Cook is set to deliver the keynote address at the NBER's Economics of Artificial Intelligence Conference in Toronto, Canada.
Persons: , Morgan Stanley, Wells Fargo, Jerome Powell's, Jim Cramer, it's, Jim Farley, Stanley Black, Decker, Eli Lilly, Jerome Powell, Mills, Lisa Cook, Jim Cramer's, Jim, Brendan McDermid Brendan Mcdermid Organizations: Nasdaq, Dow Jones, Federal, United Auto Workers, automakers, Fed, West Texas, Saudi, Coterra Energy, Natural Resources, Detroit's, UAW, General Motors, Chrysler, Ford, CNBC, Stanley, Housing, Apogee Enterprise, FedEx, KB, Darden, NBER's, Artificial Intelligence, Jim Cramer's Charitable, Traders, New York Stock Exchange, REUTERS Locations: U.S, Covid, China, WTI, Toronto, Canada, New York City
Biden leads Trump and DeSantis in swing state Michigan by 3 and 6 points respectively. Trump won the state in 2016 and Biden flipped it back in 2020. Ron DeSantis in Michigan, the Midwest battleground state key to his reelection chances next year. (In the 2020 presidential race, 97% of Michigan Democrats backed Biden and 94% of Republicans supported Trump, according to CNN exit polling.) "No one wants to strike," Biden said during his remarks at the White House.
Persons: Biden, Trump, Joe Biden, Donald Trump, Ron DeSantis, Hillary Clinton, Gretchen Whitmer, Dana Nessel, Jocelyn Benson, Sen, Debbie Stabenow, , Stellantis, Julie Su, Gene Sperling Organizations: UAW, Service, Florida Gov, Susquehanna Polling, Research, Trump, Michigan Democrats, Republicans, CNN, Kent County, Michigan, Democratic, United Auto Workers, — Ford, General Motors, Ford, White Locations: Michigan, Wall, Silicon, DeSantis, Wolverine, Detroit, Kent, Grand Rapids, Lansing, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio
The United Auto Workers went on strike on Friday after the union's four-year contract expired. About 13,000 United Auto Workers members went on strike on Friday after the union's four-year contract expired. An analysis by Edmunds.com showed that the average monthly new-car payments for the second quarter of 2023 reached $733. Now, experts say car prices could continue to rise — particularly from vehicles made by the Big Three — if there's a prolonged strike. Spokespersons for UAW, Ford, General Motors, and Stellantis did not return a request for comment sent outside of working hours.
Persons: Shawn Fain, Edmunds.com, hobbling, Ford, Stellantis, Jim Farley, Fain Organizations: United Auto Workers, Service, Detroit's, Motors, Ford, Chrysler, Jeep, UAW, General Motors, Associated Press, Detroit automakers, Deutsche Bank, The New York Times, CNBC Locations: Wall, Silicon
The UAW began striking at factories that make only a few vehicles – Ford Broncos and Rangers, Jeep Wranglers, Chevrolet mid-size pickups and GMC vans. Car prices were rising long before the auto workers even raised the possibility of a strike. Prices are almost certain to rise even if the strike is settled quickly, because the auto makers' labor costs will increase. “They could double our wages and not raise car prices and still make billions of dollars in profit,” he said during an online presentation to union members this week. It's all enough to make many motorists consider avoiding the car lot and keeping their current car a while longer.
Persons: Stellantis, , Ivan Drury, isn’t, Garrett Nelson, ” Nelson, , we’re, Tesla, Drury, Kelley, Patrick Anderson, Shawn Fain, Edmunds Organizations: DALLAS, United Auto Workers, Dealers, General Motors, UAW, Detroit, Ford Broncos, Rangers, Jeep Wranglers, Chevrolet, GMC, Chevrolet Silverado, Tahoe, GMC Sierra, Ford, CFRA Research, GM, Fiat Chrysler, Toyota, Honda, Consumers, Federal Reserve Bank of New, Anderson Economic Group, Stellantis, Locations: Edmunds, Mexico, Federal Reserve Bank of New York
Biden is trying to turbocharge the market for electric vehicles to reduce greenhouse gas emissions and prevent China from solidifying its grip on a growing industry. However, some in the UAW fear the transition will cost jobs because electric vehicles require fewer people to assemble. China is the dominant manufacturer of electric vehicles and batteries. Some environmental groups, conscious of how labor remains crucial to securing support for climate programs, have expressed support for the strike. Former President Donald Trump, the frontrunner for the Republican nomination, sees an opportunity to drive a wedge between Biden and workers.
Persons: Joe Biden, Biden, , Erik Gordon, Brittany Eason, Eason, ” Biden, , Dave Green, , Suzanne Clark, Sam Gilchrist, It's, Donald Trump, NBC's “, ” Trump, Shawn Fain, “ That’s, ” Ammar Moussa, Trump, Barack Obama, Fain, Madeline Janis, Joey Cappelletti Organizations: WASHINGTON, United Auto Workers, UAW, University of Michigan’s Ross School of Business, Ford Assembly Plant, White, , U.S . Chamber of Commerce, Natural Resources Defense, Presidential, Republican, Press, MSNBC, Energy Department, Ford, South, White House, Associated Locations: Michigan, China, Wayne, Mich, Detroit, Ohio, Indiana, U.S, United States, Tennessee, Kentucky, South Korean, Lansing
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Persons: Dow Jones Organizations: uaw
United Auto Workers hold up strike signs right across from the Ford Michigan Assembly Plant in Wayne, Michigan, on September 15. Rebecca Cook/ReutersUAW President Shawn Fain admits the union’s demands are “ambitious” but he insists they’re justified, given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands. Pensions and inflation adjustmentsThe UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. Job protections and benefitsThe union demands limits on the use of temporary workers and forced overtime.
Persons: Rebecca Cook, Shawn Fain, they’re, EVs Fain Organizations: United Auto Workers, Ford Michigan Assembly Plant, Reuters UAW, Ford, GM, Pensions, UAW, Workers Locations: Wayne , Michigan
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