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.
Auto workers carry over their strike against the Big Three automakers Ford (F), General Motors (GM), Stellantis (STLA) into its second week. Autoblog Editor-in-Chief Greg Migliore joins Yahoo Finance Live to discuss how the United Auto Workers' (UAW) leadership — Union President Shawn Fain — plans to expand picket lines to more facilities after little to no progress made in negotiations, as well as how presidential candidates are weighing in on the UAW strike. "[Fain is] 'trying to flip the field' and try to bring things back to where the union does have a stronger say in things like battery plants, where EV factories are built," Migliore says. "I think he's sensing is this is the time to do it, there may not be a better time." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Markets aren't big fans of government shutdowns, historically.