The UAW strike against the “Big 3” automakers enters its 4th day. UAW negotiations with Ford (F) and General Motors (GM) resumed over the weekend. The UAW calls Stellantis’ (STLA) 21% pay hike offer a “no go.” Ryan Patel discusses the broader economic significance of the UAW strike. Ford and GM announce temporary layoffs at several non-striking factories. Ryan notes that the automakers are emphasizing the need for a sustainable future in the midst of the automotive industry's historic transformation; this indicates a broader context of industry-wide changes. He also goes over how the strike's effects may extend beyond the immediate parties involved, potentially impacting supply chains, regional economies, and the broader automotive industry. Tune in to find out more about the stock market today.
Trading 360
18 Sep 2023
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