A daytoday contract. A clear sign that talks to reach a new labor deal have broken down. Phil lebeau has more on the main sticking points and what a strike could mean for Fiat Chrysler. Reporter for the first time in eight years, the uaw is ready to strike a big three auto plant. The union has told Fiat Chrysler its members will walk off the job starting thursday morning unless something changes in the stalled talks to get a new labor contract. Fiat chrysler and the uaw are not close to reach agagreement. Just last week, twothirds of the Union Members rejected a tentative contract. Partially because there is still a sizable wage gap between lower paid tier 2 workers hired in the last six years and those higher paid workers who have been at chrysler far longer. The autoworkers feel they should get more money because Fiat Chrysler is rolling up sizable profits, thanks to strong sales of jeep suvs and ram pickups. While Fiat Chrysler is no longer on the verge of bankruptcy, it is the leas
The last day its members work on a daytoday contract. A clear sign that talks to reach a new labor deal have broken down. Phil lebeau has more on the main sticking points and what a strike could mean for Fiat Chrysler. Reporter for the first time in eight years, the uaw is ready to strike a big three auto plant. The union has told Fiat Chrysler its members will walk off the job starting thursday morning unless something changes in the stalled talks to get a new labor contract. Fiat chrysler and the uaw are not close to reach agagreement. Just last week, twothirds of the Union Members rejected a tentative contract. Partially because there is still a sizable wage gap between lower paid tier 2 workers hired in the last six years and those higher paid workers who have been at chrysler far longer. The autoworkers feel they should get more money because Fiat Chrysler is rolling up sizable profits, thanks to strong sales of jeep suvs and ram pickups. While Fiat Chrysler is no longer on the ve
A flood of corporate headlines this morning. News to bring you on ge, intel, Goldman Sachs and many other closely followed names. But first our top story. Market turmoil. U. S. Equity futures pointing sharply lower as you can see. 243 points were expected to open down for the dow. The nasdaq down by around about 80 points and the s p expected to open down by about 28 points. Lets have a look at oil price which is have corrected to the down side today. A little bit of a bounce yesterday of course but were locking at below 30 for wti. Below 30 for brent and that reprieve yesterday seems like it will be short lived. Perhaps technical in nature because futures are down sharply. Heres what you missed while you were sleeping. What happened in asia overnight can be part of the story here. Shanghai stocks entering bear market territory which means theyre down 20 from the december 22nd peak. If youre having a case of deja vu thats because this is the second time china has dropped into a bear ma
Worldwide, please make a visit to Lower Manhattan. The drama there, and the improvement in the architecture, the new architecture, in the last two years has been extraordinary. Lets go to top headlines with david gora. Thewe could see forecast for crude has been lowered once again. Goldman is trimming a 2016 estimate for a west texas crude to 45 a barrel. That is down from the may projection of 57. It is also slashing its brent crude prediction. The Iran Nuclear Deal will be formally adopted the next month now that it has survived a congressional challenge. Send the democrats and the president obama a major foreignpolicy victory. Republicans were two votes short of what they needed to pass a resolution of disapproval. Worldple around the should know that todays outcome was clear, decisive, and final. There is no doubt that the congress will allow this historic agreement to go forward. Efforts by the opponents were soundly rejected, much larger than people thought. David the plan to i r
Energy actually is the Leadership Group with oil touching that fiveyear low and then getting a little bit of a bounce and energy names with it. Lets talk about the markets. Joining us now is dani hughes and kenny pulcari, diane gartnick and our own rick santelli. Dani, what do you make of todays move . It occurred to me months now we have one story of the stock market. Its great. Commodity and bond market tells us theres manager to worry about. What does today tell you about where we come down on the question . We dont know. We have seen the market fall off dramatically today and come back dramatically, as well. The underlying issue of oil and oil prices is big one and you see the dichotomy, as well. Consumers are benefitting and you see housing prices rising, as well, so they have a lot of juice in that and then the job recovery, as well. But then you see Oil Producers getting hit very hard and the concern about the price of oil and domestic Oil Producers and how to make money going f