UPS (UPS) and Teamsters union avoided a strike and reached a tentative labor deal on Tuesday. The UPS CEO noted that "together we reached a win-win-win agreement." Pete Stein discusses the significance of the UPS-Teamsters deal. he talks about how the Teamsters union deal impacts other companies, including FedEx (FDX). He then goes over what we learned from the UPS-Teamsters negotiations. Tune in to find out more about the stock market today.
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