Auto workers threaten to expand picket lines against Big Three automakers Ford (F), Stellantis (STLA), and General Motors (GM) if progress isn't made in contract negotiations by noon tomorrow. Fed officials are set to release statements tomorrow following Wednesday's decision to hold interest rates, alongside the services and manufacturing indexes that are due out. Lastly, the Powerball Jackpot currently sits at $725 million. Yahoo Finance Live co-host Josh Lipton runs down what investors should look out for on Friday, September 22. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Auto workers continue to strike against the Big Three — Ford (F), Stellantis (STLA), and General Motors (GM) — as ongoing negotiations fail to make "substantial progress." In the event an agreement is not reached by the noon deadline of Friday, September 22, strikes are expected to expand to additional manufacturing facilities. The strike has prompted General Motors to lay off 2,000 employees at its Fairfax facility, while Stellantis is in the process of executing 368 layoffs across two of its manufacturing plants. Yahoo Finance's Rick Newman and Pras Subramanian analyze the profit margins of the Big Three and assess the impacts the United Auto Workers' (UAW) ongoing strike has had so far. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Auto workers are on the sixth day of their strike against the Big Three automakers: Ford (F), General Motors (GM), and Stellantis (STLA). As of now, there has been no notable progress in negotiations spearheaded by the United Auto Workers (UAW) union, with plans to extend the strike to additional plants if a labor contract agreement is not reached by tomorrow — Friday, September 22. Yahoo Finance Live's Seana Smith and Brad Smith sit down with The Nation Correspondent John Nicholas to discuss the UAW's demands, concerns surrounding workers' job security, and the strike's potential expansion. "The union has been flexible on some of this," Nicholas says. "Yes, they made a very, very big ask, I think, understanding that they would step back from that to some extent." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.