A momentous day is on tap for the UAW and its ongoing strike with the Big Three as President Biden joins the picket lines in Michigan.
President Biden is set to join the United Auto Workers' strikes this week to show support for union workers, shortly before Former President Donald Trump joins picket lines in Detroit, skipping out on the second GOP debate. One of the issues at the center of the strike is EV production and what it means for the future of auto workers. Biden's policy to have electric vehicles account for 50% of all new auto sales by 2030 has been lauded by Trump, among other Republicans, over automation fears that could eliminate jobs and the auto parts needed for assembly. Yahoo Finance Senior Reporter Rick Newman joins to discuss what is factual and what is political strategy from both sides of the aisle. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
General Motors Co (NYSE:GM). saw its shares rise by 1.47% to $33.06 on Monday, marking an end to the company's three-day losing streak. The positive trading session also extended to the broader market, with the S&P 500 Index climbing 0.40% to reach 4,337.44 and the Dow Jones Industrial Average increasing by 0.13% to settle at 34,006.88.