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☆ Stocks making the biggest moves after hours: Microsoft, Texas Instruments, Capital One & more
▼ + stars: | 2023-01-24 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Capital One — The financial stock dipped more than 1% in extended trading after the company posted an earnings miss. Texas Instruments — The chip stock rose under 1% in extended trading after the company reported quarterly results that came in above expectations. Texas Instruments reported earnings of $2.13 per share, beating expectations of $1.98 per share, according to FactSet. Canadian National Railway — Canadian National Railway saw its shares dip more than 4% in extended trading, even as its quarterly results beat expectations. The company reported an EPS of 2.10 in Canadian dollars, compared to FactSet's estimate of C$2.08.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings could keep the market on edge in week ahead as investors wait for Fed
▼ + stars: | 2023-01-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.

☆ Factbox: Workers vs Macron: What to expect from Thursday's strike
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +3 min

Two cabin crew unions and a union at Air France (AIRF.PA) called on employees to attend the strike. FINANCEThe banking and financial industry branch of the FO union called on employees to join the strike. The Unsa-Sante union has filed a strike notice from Jan. 10 until Feb. 1, citing the pensions reform specifically. LOGISTICSThe FO union of truck drivers and other logistics workers announced "indefinite" strike action from Jan. 19 to "win the fight" against the reform. REFINERIESThe CGT trade union announced strikes in the refinery sector, where petrol supplies were disrupted last year during weeks of industrial action.

☆ Geodis’s Marie-Christine Lombard Sees Global Forces Continuing to Reshape Trade Flows
▼ + stars: | 2022-12-28 | by ( Paul Berger | ) www.wsj.com time to read: +6 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. MS. LOMBARD: The supply chain used to be quite seamless and fluid. The world order has a huge impact on the supply chain and its stability. The difference is that the supply chain itself was not disrupted. The entire supply chain is being rethought and recalibrated and re-costed.

☆ Kosovo closes main border crossing after roadblock in Serbia
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

PRISTINA, Dec 28 (Reuters) - Kosovo closed its biggest border crossing on Wednesday after protesters blocked it on the Serbian side to support their ethnic kin in Kosovo in refusing to recognise the country's independence. With two other crossings on the Serbian border closed by similar protests on their Kosovar sides since Dec. 10, only three entry points between the two countries remain open. Serbs in Serbia used a truck and tractors on Tuesday to create the latest roadblock, close to the Merdare crossing on Kosovo's eastern border, Belgrade-based media reported. Around 50,000 Serbs living in ethnically divided northern Kosovo refuse to recognize the government in Pristina or the status of Kosovo as a country separate from Serbia. Since Dec. 10, Serbs in northern Kosovo have exchanged fire with police and erected more than 10 roadblocks in and around Mitrovica.

☆ Russia launches another major missile attack on Ukraine
▼ + stars: | 2022-12-16 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Ukrainian authorities reported explosions in at least three cities Friday, saying Russia has launched a major missile attack on energy facilities and infrastructure. Kharkiv regional governor Oleh Syniehubov reported three strikes on the city’s critical infrastructure. Kyiv Mayor Vitali Klitschko reported explosions in at least four districts, urging residents to go to shelters. But trains continued to run by switching from electric power to steam-engine power, which had been readied as a backup. The previous such round of massive Russian air strikes across the country took place on Dec. 5.

☆ Britain's Christmas shopping hurt by rail strikes and snow
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 16 (Reuters) - British retailers have been hurt by a sharp dip in shopper numbers this week, a crucial Christmas trading period, as snowy weather and a national rail strike deterred people from venturing out, researcher Springboard said on Friday. It said shopper numbers, or footfall, in UK retail destinations from Monday to 1100 GMT on Friday was down 7.5% from the week before. Springboard said traffic was particularly weak on high streets - down 14% on last week. "The impact on high streets will have emanated from a mix of employees choosing to work at home due to the rail strike, and the cancellation of shopping and leisure trips. Official data published on Friday showed retail sales slid unexpectedly in November, despite the men's soccer World Cup and Black Friday sales promotions.

☆ Sick and family leave are top union demands post-Covid-pandemic
▼ + stars: | 2022-12-10 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Rail workers nearly went on strike over paid sick leave. Glen Stubbe / Star Tribune via AP fileMore than 100,000 rail workers were days away from a likely strike after the rail companies refused demands for five paid sick days. Labor experts and organizers say the pandemic aimed a floodlight at the public health ramifications of in-person work, elevating for workers the importance of paid leave in contract disputes. “This was the sticking point for the railroads.”Following Congress’ resolution of the impasse, activist investors have put forth proposals to get two of the biggest rail companies, Union Pacific and Norfolk Southern, to offer their workers paid sick leave next year. “We appreciate the work of the negotiating teams and the mediator in reaching this agreement in principle.”Other unions are paying attention to these fights — and gearing up to make sick leave a major part of their negotiations.

☆ U.S. lawmakers urge Biden to guarantee rail workers' sick leave
▼ + stars: | 2022-12-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 9 (Reuters) - More than 70 lawmakers including Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez on Friday urged President Joe Biden to take executive action to guarantee rail workers paid sick days. On Dec. 2, Biden signed legislation to block a national U.S. railroad strike that could have devastated the American economy after some unions voted against the deal over a lack of paid sick leave. The White House did not immediately comment on the lawmakers' letter, signed by 72 Democratic lawmakers and Sanders, an independent who caucuses with Democrats. Railroad workers have no paid short-term sick days after unions representing 115,000 workers asked for 15 days and railroads settled on one personal day. "Guaranteeing that workers are not operating trains or inspecting rail signals while sick or tired would fundamentally improve the safety of our national rail operations," the letter said.

☆ U.S. railroad investor resolutions urge paid sick leave for workers
▼ + stars: | 2022-12-05 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

Dec 5 (Reuters) - Investors have proposed shareholder resolutions at two U.S. railroads calling for paid sick leave for workers, an issue that nearly caused a national rail strike, and they could go to an advisory vote at shareholder meetings in the spring. But the deal he approved did not include paid sick days for workers, a key sticking point for unions in contract talks with five major U.S. railroads. read moreProposals seen by Reuters filed by activist investors ask Norfolk Southern Corp (NSC.N) and Union Pacific Corp (UNP.N) to offer "a reasonable amount" of paid sick time, determined by company directors. Kate Monahan, a director at Trillium Asset Management, the socially minded investor that filed the resolution at Union Pacific, said more flexible sick time would have broader benefits like reducing workforce turnover. Railroads worry implementing paid sick leave would require more employees at a time when many have cut their workforces dramatically.

☆ Joe Biden Stops a Railroad Strike
▼ + stars: | 2022-12-02 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

A looming national rail strike next week will be narrowly averted, after the Senate voted 80-15 on Thursday to impose a bargaining agreement on intransigent unions. Brokered by the Biden Administration, the deal includes an extra paid day off, along with a 24% pay raise through 2024. Eight of the 12 rail unions ratified it, but four voted it down. After President Biden called on Congress to impose the agreement, the House voted to do so Wednesday. But progressives also insisted on passing a second measure to rewrite the deal and add seven paid sick days.

☆ Rail union bosses warn of election consequences as Senate moves closer to vote on labor deal to prevent strike
▼ + stars: | 2022-12-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

watch nowLeaders of the rail labor unions that have voted not to ratify the tentative labor deal tell CNBC that as the Senate moves closer to a vote on Thursday afternoon on legislation to prevent a rail strike, senators need to realize this is a humanitarian issue and their members will not forget who supported them. On Wednesday, the House passed the tentative rail labor agreement and additional legislation to add seven paid sick days, which has been one of the most important issues to rail workers in the breakdown of negotiations with freight rail companies. All three union presidents say they understand why President Biden had to push Congress to pass the tentative agreement. Biden's PEB deal 'missed the mark'Ferguson said the Presidential Emergency Board rail labor deal "missed a few marks and sidestepped a few, mainly our attendance policy issues." Supply chain congestion and rail embargoesThe unions argue that precision railroading and the lack of labor are the reasons behind congestion in the supply chain.

☆ House approves tentative labor deal to avoid rail strike
▼ + stars: | 2022-11-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. House Speaker Nancy Pelosi also plans to hold a separate vote to add seven days of paid sick leave to the agreement. He met with the four House and Senate leaders Tuesday in an effort to avoid the economic impacts of a rail strike, which the industry forecasts could cost the U.S. economy $2 billion per day. Railways and their labor unions had until Dec. 9 to reach an agreement before workers promised to strike. The tentative labor deal grants workers one additional personal day, for a total of three personal days for railroad workers.

☆ Biden urges Congress to pass legislation to avert nationwide rail strike
▼ + stars: | 2022-11-29 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

President Joe Biden on Monday called on lawmakers to quickly approve a labor deal that would avert what he called a “potentially crippling national rail shutdown” as early as Dec. 9. The tentative agreement, which Speaker Nancy Pelosi said the House would vote on this week, aims to prevent a freight strike just two weeks before Christmas, but it has divided workers at two of the country’s biggest rail unions. Shortly after Biden’s statement, Pelosi said the House would soon consider the tentative agreement. The deal would provide a 24% pay raise for rail workers over five years and bump the average pay up to $110,000 by 2024, the Association of American Railroads says. Four out of a dozen unions representing rail workers have rejected the tentative agreement, but just one union’s decision to strike would require all 12 to honor it, bringing the system to a halt.

☆ Marco Rubio slams Biden shutting down a rail strike for workers who want more paid sick leave: 'I will not vote to impose a deal that doesn't have the support of the rail workers'
▼ + stars: | 2022-11-29 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Rail workers were threatening to strike over lack of paid leave, potentially devastating the economy. "But if Congress is forced to do it,I will not vote to impose a deal that doesn't have the support of the rail workers." Congress is able to vote to step in and impose a deal for rail workers, overruling the normal bargaining process. Workers wanted 15 paid sick days, according to Reuters, but railroad companies agreed to just one paid personal day in the tentative agreement. Michael Paul Lindsey, a locomotive engineer in Idaho and steering committee member for Railroad Workers United, told Insider it was a "blatant betrayal," but he wasn't surprised.

☆ 400 groups urge U.S. lawmakers to take 'immediate steps' to block potential rail strike
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders seen by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." It warned a strike could halt passenger railroad Amtrak and commuter rail services that "would disrupt up to 7 million travelers a day." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes. But railroads would halt hazardous materials shipments at least four days ahead of a strike deadline.

☆ ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
▼ + stars: | 2022-11-28 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start causing chaos in the economy as early as next week. The 449 business groups – which range from the Aluminum Association and the Beer Institute to the US Apple Association and the Window & Door Manufacturers Association – said this is a matter of “grave urgency” as even a short-term work stoppage would cause large problems. A rail strike could become a reality as early as December 9, causing shortages, spiking prices and halting factory production. They noted that the potential rail strike earlier this year caused “significant disruptions” for critical goods and products, including fertilizer, chlorine and other items, before the strike was averted with an 11th-hour tentative deal. “The uncertainty of rail service during this year’s protracted contract negotiation has created enormous anxiety.”

☆ Biden asks Congress to avert rail strike, warning of dire economic impact
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 28 (Reuters) - U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of the potential dire economic impact. Biden asked lawmakers to adopt the tentative deal announced in September "without any modifications or delay - to avert a potentially crippling national rail shutdown." "The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders first reported by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes.

☆ British transport cleaning staff to strike over pay - union
▼ + stars: | 2022-11-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Henry NichollsLONDON, Nov 26 (Reuters) - Cleaners will become the latest set of transport workers to strike over pay in Britain, the Rail, Maritime and Transport union said on Saturday, adding to a wave of industrial action sweeping the country. The RMT said its members, working as cleaners throughout the transport network, had voted to hold their first national strike action. It said over 1,000 contracted out cleaners working for the likes of Churchill, Atalian Servest and Mitie (MTO.L) were eligible to strike. The RMT wants the cleaners to be paid 15 pounds ($18.14) an hour, with sick pay, holiday entitlement and better pensions. Railway workers, nurses, doctors and teachers, as well as emergency services, postal services and telecoms workers have either been on strike or plan action.

And a freight rail strike could cost the US economy $1 billion in its first week alone, according to a new analysis from the Anderson Economic Group. But that’s nothing compared to what would happen with a prolonged rail strike. CommutingOnly the nation’s freight rail lines face a pending strike, but commuters would likely be affected, too. Many commuter trains travel on tracks maintained and operated by the freight railroads and passenger railroads expect they’ll have to shut down their operations once the freight strike starts. Many commuter railroads also move over freight rail lines and could not operate if a strike was called.

☆ US Freight rail strike could cost US economy $1 billion in first week
▼ + stars: | 2022-11-23 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

CNN —A US freight rail strike could cost the US economy $1 billion in the first week of the strike, according to a new analysis from the Anderson Economic Group. In the first three days alone, US workers and consumers could see potential losses of a quarter billion dollars as a transit strike involving rail is one of the most expensive and disruptive events that can happen to the economy. It does not include indirect effects or losses on other industries or income losses for rail company investors and managers. Second and third day strike losses would increase to $91 billion per day because of lost agricultural goods and food spoilage. The four rail unions who voted down the tentative agreement with US freight railroads have set a joint strike date of December 9 if they do not reach a deal on a new contract.

☆ ‘Christmas is not canceled’ despite growing risk of rail strike
▼ + stars: | 2022-11-22 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN Business —Leading retailers are sounding the alarm about the danger of a national rail strike while simultaneously stressing that a potential work stoppage won’t ruin this holiday shopping season. “Christmas is not canceled,” Brian Dodge, president of the Retail Industry Leaders Association, told CNN in a phone interview on Tuesday. Concerns about a rail strike have mounted after the largest rail union announced Monday its rank-and-file members have rejected the tentative agreement reached in September. A prolonged rail strike could cause product shortages and price spikes as nearly one-third of all freight in the United States moves by rail. “It would utterly upend the supply chain,” Dodge said, adding that concern among retail CEOs is “high” because the risk of a national rail strike is high.

"There's a lot of anger about paid sick leave among the membership" who kept goods flowing during the early days of the COVID-19 pandemic, said Seth Harris, a professor at Northeastern University. Labor unions have criticized the railroads' sick leave and attendance policies and the lack of paid sick days for short-term illness. There are no paid sick days under the tentative deal. Unions asked for 15 paid sick days and the railroads settled on one personal day. Railroads have slashed labor and other costs to bolster profits and are fiercely opposed to adding paid sick time that would require them to hire more staff.

Train and engine service members of the transportation division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) narrowly voted to reject the deal. Three other unions that rejected the deal have already agreed to extend a strike deadline until early December. Labor unions have criticized the railroads’ sick leave and attendance policies and the lack of paid sick days for short-term illness. Beginning on Dec. 9, SMART-TD would be allowed to go on strike or the rail carriers would be permitted to lock out workers, unless Congress intervenes. The Biden administration helped avert a service cutoff by hosting last-minute contract talks in September at the Labor Department that led to a tentative contract deal.

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