The UAW is expected to call for more walkouts today, which would add over 18K factory workers to the strike. Jeff Pierce discusses this as Union President Shaw Fain is expected to call for new sites during a live stream. Jeff also talks about how HSBC initiated coverage of FedEx (FDX) and UPS (UPS). HSBC noted that even FDX’s partial success to reduce costs by $6B by FY27 could go a long way to boosting investor confidence. He then goes over how Piper Sandler cut 3Q deliveries forecast for Tesla (TSLA). The analyst note cut deliveries to 445K from 515K and says the move is “not bearish.” Tune in to find out more about the stock market today.