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President Biden will travel to Michigan on Tuesday to join a group of striking autoworkers on the picket line, an extraordinary gesture of support to a labor union by a sitting American president. At first glance, the visit looks like a capstone for a politician who has for decades positioned himself as a champion of the middle class, but other political forces are at play as well. Mr. Biden will join the workers in Wayne County one day before his predecessor and likely 2024 rival, former President Donald J. Trump, is scheduled to visit a nearby county and deliver remarks to current and former union members. It is the first time this campaign season that the two men, whose political styles are as divergent as their visions for the country, will be competing in real time to present dueling messages to a powerful bloc of voters in a key swing state. In one corner, Mr. Biden has argued that his clean-energy agenda, including a shift toward electric vehicles, will create new manufacturing jobs, even as companies that make batteries and other electric-vehicle parts resist unionizing their workers.
Persons: Biden, Donald J, Trump Locations: Michigan, Wayne County
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
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
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 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
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
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
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
Biden and Trump bid for blue collar votesIn an extraordinary show of support, President Biden plans to join striking autoworkers on the picket line in Michigan on Tuesday. It comes a day before Donald Trump is expected to speak to union members in Detroit instead of participating in the second Republican primary debate. The competing visits come as the two home in on battleground states ahead of next year’s election. But their appearances also reveal a political battle to become the voice of blue collar workers at a time when both candidates are struggling to win over mainstream voters and even some within their own parties. is somewhat troublesome for him: It includes incentives for automakers to make more electric vehicles, which labor leaders say will depend on non-union jobs and require fewer workers.
Persons: Biden, Trump, Donald Trump Organizations: Republican Locations: Michigan, Detroit
[1/5] Florida Governor Ron DeSantis speaks as former U.S. Vice President Mike Pence, former biotech executive Vivek Ramaswamy and former South Carolina Governor Nikki Haley listen during the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August Acquire Licensing Rights Read moreSept 25 (Reuters) - At least six Republican candidates will take part in the second 2024 Republican presidential debate on Wednesday in California. Here are the candidates expected to be on stage for the debate, which begins at 9 p.m. DeSantis, 45, is Trump's top rival, but remains nearly 40 percentage points behind the former president in opinion polls. DeSantis' campaign says it is focused on stopping Trump in Iowa, where the party will hold its first nominating contest in January. The former New Jersey governor and federal prosecutor stepped up his verbal attacks as Trump faced a growing number of criminal charges.
Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Donald Trump, Ronald Reagan, RON DESANTIS, DeSantis, MIKE, Jan, Pence, Joe Biden's, VIVEK RAMASWAMY, Ramaswamy, Trump, NIKKI HALEY, Haley, Biden, TIM SCOTT, Scott's, Scott, CHRIS CHRISTIE Christie, Trump's, Christie, Tim Reid, Ross Colvin Organizations: Florida, U.S, South Carolina, Republican, Foundation & Institute, Twitter, Trump, Capitol, Christian, White, United Nations, Republican Party, TIM, Black Republican U.S, Reuters, New, Thomson Locations: Milwaukee , Wisconsin, U.S, California, Detroit, autoworkers, Simi Valley , California, Florida, Iowa, Indiana, Milwaukee, South Carolina, New Jersey
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. The 30-year bond was last up 11.8 basis points to yield 4.6397%, from 4.522%. The 2-year note was last was down 0.9 basis points to yield 5.1141%, from 5.123%. In currencies, the dollar index rose 0.455%, with the euro down 0.69% to $1.0578.Sterling was last trading at $1.22, down 0.31% on the day. In energy markets, oil prices edged lower in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand.
Persons: Brendan McDermid, Powell, Austan Goolsbee, Mona Mahajan, Edward Jones, Mahajan, Sterling, Kazuo Ueda, Brent, Sinéad Carew, Amanda Cooper, Stella Qiu, Himani Sarkar, Jacqueline Wong, Miral Fahmy, Mark Heinrich, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Chicago Fed, Dow Jones, Nasdaq, Bank of Japan, Thomson Locations: New York City, U.S, Russia, New York, London
[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 22, 2023. The MSCI All-World index (.MIWD00000PUS), which is heading for its worst monthly performance this year, with a 3.6% drop, was down 0.2% on the day. U.S. 10-year Treasury yields have nudged at 4.5% for the first time since October 2007, and on Monday were up 5 basis points at 4.491%, set for their largest monthly rise in a year, reflecting investor unease over the economic outlook. The dollar index got a boost from the rise in Treasury yields, rising 0.1% on the day. Brent crude futures rose 0.2% to $93.48 a barrel, while West Texas Intermediate rose 0.1% to $90.16.
Persons: Jerome Powell, Frederik Ducrozet, Ducrozet, Powell, Evergrande, Andrew Lilley, Kazuo Ueda, Stella Qiu, Himani Sarkar, Jacqueline Wong, Miral Fahmy, Mark Heinrich Our Organizations: REUTERS, Staff, Global, European Central Bank, Bank of England, Federal Reserve, Treasury, Pictet Wealth Management, Nasdaq, Barrenjoey, Bank of Japan, Brent, West Texas, Thomson Locations: Frankfurt, Germany, U.S, Europe, CHINA
DeSantis is badly trailing former President Donald Trump in polls of 2024 Republican presidential nomination contenders. His agreement to debate Newsom is highly unusual. Not only does DeSantis not remotely have the GOP nomination secured, but Newsom is not even running for the Democratic presidential nomination. After the announcement of the debate with Newsom, DeSantis tweeted, "Decline is a choice and success is attainable." DeSantis is due to participate in the second Republican presidential primary debate Wednesday at the Ronald Reagan Presidential Library in Simi Valley, California.
Persons: Ron DeSantis, Gavin Newsom, Sean Hannity, Hannity, Donald Trump, Newsom, Joe Biden, Robert Kennedy Jr, DeSantis, Ronald Reagan Organizations: Gov, Democratic Gov, Fox News, Fox, Republican, GOP, Democratic, Ronald Reagan Presidential, Trump Locations: Florida, California, Georgia, Simi Valley , California, Detroit
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
Who will appear at the second Republican debate?
  + stars: | 2023-09-25 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsWho will appear at the second Republican debate? PostedFewer candidates and still no Trump. At least six Republican candidates will take part in the second 2024 Republican presidential debate on Wednesday (September 27) in California. Donald Trump will skip the event and give a speech in Detroit to autoworkers.
Persons: Donald Trump Organizations: Republican Locations: California, Detroit, autoworkers
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
Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, averting a threatened strike and potentially setting a precedent that could play out in the United Auto Workers' strike at automaker facilities in the U.S. The new agreement raises base hourly pay for production workers by almost 20% over three years, and by more than 25% for trade workers, the Canadian autoworker union Unifor said. Ford described the pact as a 15% wage increase over the three year life of the agreement. But, according to the union, that figure doesn't include compounding of each annual increase or the initial cost-of-living increase, both of which should increase workers' actual pay. It's been one week since the United Auto Workers launched historic work stoppages against major car makers.
Persons: Unifor, Ford, It's Organizations: Ford Motor, United Auto Workers, U.S, Canadian, General Motors, Stellantis
In the shadow of a shuttered General Motors plant in Lordstown, Ohio, far from the United Automobile Workers’ picket lines, the U.A.W. and the management of an electric vehicle battery plant are locked in a wholly different conflict. officials take pains to say the talks in Lordstown between the autoworkers union and Ultium Cells, a joint venture between G.M. and LG Energy Solution in South Korea that is building the fuel cells to power G.M.’s electric vehicles, are not directly linked to the strikes. Vance, Republican of Ohio, specifically pointed to the struggles of Ultium workers laboring near the old G.M.
Persons: Biden, Donald J, Trump, , Biden’s, J.D, Vance Organizations: General Motors, United Automobile Workers, Ultium, LG Energy, Democrats, Republican Locations: Lordstown , Ohio, Ohio, Lordstown, G.M, South Korea, Michigan
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
But beyond the presidential contenders, there were also the ostensibly populist Republicans who have placed workers at the center of their case. They haven’t even blamed management for the strike, despite the fact that the U.A.W. And they haven’t voiced support for the largest, most ambitious organizing goal of the U.A.W. As (my former editor and colleague) Harold Meyerson notes in a piece for The American Prospect:The long-term future of the U.A.W. foreign-owned auto factories that are spread across the South, also falls well short of the levels that U.A.W.
Persons: , Joe Biden’s, Josh Hawley, J.D, Vance, Ohio, Marco Rubio, Harold Meyerson, , Elon Organizations: Republicans, GM, Ford Locations: China, Missouri, Florida, Stellantis
"Stellantis and GM in particular are going to need some serious pushing," Fain said Friday. Fain said Ford had improved its contract offer, including boosting profit sharing and agreeing to let workers strike over plant closures but said the union still has "serious issues" with Ford. "This is like union 101 in terms of divide and conquer, and put more pressure on GM and Stellantis," Ives added. GM, Ford and Stellantis have said they are making contingency plans for further U.S. work stoppages. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three Ford plants in the country.
Persons: Phaedra Grant, Michael Swensen, Biden, Fain, Shawn Fain, Stellantis, Joe Biden, Donald Trump, Ford, Daniel Ives, Ives, Karine Jean, Pierre, Mark Reuss, David Shepardson, Joseph White, Ben Klayman, Peter Henderson, Jeff Mason, Matthew Lewis, Nick Zieminski Organizations: Ford, UAW, REUTERS, Ford Union, GM, United Auto Workers, Detroit, General Motors, Chrysler, Ford Motor, Silverado, Ford Bronco, Chevrolet, Reuters, Biden, Republican, White, Detroit automakers, Thomson Locations: Louisville , Kentucky, U.S, DETROIT, United, California, Massachusetts, Oregon, Florida, Kokomo , Indiana, Kokomo, Michigan, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco
UAW President Shawn Fain speaks at a rally in Detroit on September 15. The UAW vastly expanded its strike against GM and Stellantis Friday, although none of the plants is particularly crucial to the automakers’ operations, surprising industry insiders – even experts who predicted the UAW would implement a targeted strike. Nevertheless, the strike marks the first time in history the UAW has struck at all three automakers simultaneously. In leaked messages obtained by CNN, United Auto Workers Union Communications Director Jonah Furman said the plan is to “keep them wounded for months." "They don’t know what to do… this is recurring reputations damage and operation chaos," Furman said in one of the leaked messages.
Persons: Shawn Fain, Matthew Hatcher, , Fain, Jonah Furman, Furman, they’re, Joe Biden, Biden Organizations: Getty, White, UAW, GM, CNN, United Auto Workers Union Communications, Democratic Locations: Detroit, AFP
President Joe Biden on Friday said he will visit Michigan next week to support strikes by the United Auto Workers. The president's announcement came hours after UAW boss Shawn Fain invited Biden to join the striking autoworkers. Record profits at Ford , General Motors and Stellantis "have not been shared fairly, in my view, with the workers," Biden said during a brief address. Instead, he aims to drive a wedge between striking UAW workers and union leaders like Fain. The UAW endorsed Biden's 2020 bid for the White House but has not yet backed his reelection campaign.
Persons: Joe Biden, Biden, Shawn Fain, Biden's, Donald Trump, Fain, Ford, Trump, Hillary Clinton, Trump's Organizations: White, United Auto Workers, UAW, Twitter, Republican, Detroit, Ford, General Motors, Michigan, U.S, Fain . Michigan, NBC News Locations: Rose, Washington, Michigan, California, Michigan , Missouri, Ohio, Fain .
Ranking member Sen. Tim Scott (R-SC) speaks during a hearing with the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill on September 07, 2023 in Washington, DC. The United Auto Workers has filed a labor complaint against Sen. Tim Scott for saying workers should be fired for going on strike. The complaint filed with the National Labor Relations Board on Thursday accuses the South Carolina Republican's presidential campaign of interfering with workers' rights to engage in union activity under federal law. "Tim Scott threatened employees with adverse consequences if they engage in protected, concerted activity by publicly responding to a question about striking workers as follows: 'You strike, you're fired,'" UAW President Shawn Fain said in the complaint. "He said, 'You strike, you're fired.'
Persons: Sen, Tim Scott, Shawn Fain, Fain, Scott, Ronald Reagan Organizations: Banking, Housing, Urban Affairs, Capitol, United Auto Workers, National Labor Relations, South Carolina, UAW, CNBC, NBC News Locations: Washington ,, Fort Dodge , Iowa, America
Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.
Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan
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