Hong kong has started trading this morning and have opened lower this morning and have opened lower as this morning and have opened lower as well, as has australias market. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel, i think that would Rocket Markets very much to the upside as far as crude oil and the us dollar as a safe haven. We see how this all plays with it, but i do expect the markets to appreciate in value, itjust depends on how significant this response is going to be. Or is it
Sentiment this morning . Australian shares have opened lower on the Escalatin Lower on the escalating tensions. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think will see volatility, i think think will see volatility, i think that will be on the framework for that is a word to be some framework for that is a word to be some sort of counter move by israel be some sort of counter move by israel i be some sort of counter move by israel i think that would rock it markets very much to the upside it markets very much to the upside is it markets very much to the upside is far as crude oil in the upside is far as crude oil in the us upside is far as crude oil in the us dollar as a safe h
Good evening. Welcome to cnn tonight. The breaking news, we are less than one hour away, everyone, from what looks like maybe thousands of auto workers walking off the job. The deadline is midnight. You see the Countdown Clock right now. Dont turn away, that will be very important because it could mean that production could actually grind to a halt at general motors, at ford, at the company that builds jeep, ram, dodge and chrysler brands. The uaw president shawn fain saying just a little while ago if there is no deal by midnight, that means that three plants are going to go on strike. Tonight we call on three units to stand up and go on strike at midnight if we do not reach a tentative agreement in the next two hours. Were calling on gm, local 2250 in region four to stand up and strike. Were calling on stalantis, Toledo Assembly complex, region 2 b to stand up and strike. And were calling on Ford Michigan Assembly plant, final assembly in paint only local 100 in region 1 a to stand up
Stellantis, the country that build jeep, ram, dodge, and chrysler brands. The uaw president sean vein saying just a little while ago that if there is no deal by midnight that means that three plants are going to go on strike. Tonight we call on three units to stand up and go on strike at midnight if we do not reach a tentative agreement in the next two hours. We are calling on gm, a assembly, local 20 to 50 in region for to stand up and strike. We are calling on stellantis, Toledo Assembly complex, local 12 in a region to be to stand up and strike. And we are calling on forward, Michigan Assembly plant final assembly and paint only, local 900 in region one a to stand up and strike. These three units are being called to stand up and walk out on strike at midnight tonight. Thats 15 seven minutes away, everyone. Weve got much more to come as that midnight deadline is quickly approaching us. Plus, for the first time in American History the Department Of Justice has now filed charges agains
But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is ina he is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. Supporter of us industry on the otherside. He supporter of us industry on the other side other side. He is in a difficult other side. He is in a difficult position. Other side. He is in a difficult position. Us| difficult position. Us shareholders vote on friday now expected to approve the deal, thatis expected to approve the deal, that is the first step in the process i understand. What are the different hurdles that the deal will have to go through for it to happen . It deal will have to go through for it to happen . It happens on friday and for it to happen . It happens on friday and