In economic history and present day frustrations. Its part of a long running battle between titans of industry and those on factory floors. For the next half hour were going to look at whats happening at these three plants, owned by the big three General Motors, ford and stellantis and what it means for American Workers and the economy. The union at the centre of the dispute the uaw represesnts146,000 auto workers, who could all walk out over time. Currently 13,000 are on strike. This strike is of course just one of many industrial actions that weve seen in the us this year, and further afield. Heres a tiny snapshot ofjust some of them. Injanuary of this year, teachers in lebanon went on strike over working conditions and pay. In february, it was palestinian teachers who walked off thejob. March saw a Public Transit strike in germany. After german unions staged a one day strike calling for better salaries. In april, flights were disrupted in nigeria as workers protested pay and conditi
From new england all the way up to canada, Hurricane Lee On Track to bring heavy rain, wind and coastal flooding today and through weekend. As House Speaker Kevin Mccarthy stries to avoid a government shutdown, he has a message for the republicans threatening to revoke his leadership. Kareem abduljabbar asked the question, is biden too old to be president . The nba Hall Of Famer joins us live in studio just ahead. This hour of cnn this morning starts now. Working the uaw, we put four great offers on the table and we get little pieces of paper about one aspect or the other. We have never gotten a serious counteroffer in two weeks. These Companies Got to come to the pump for their workers. He want to call them family when its easy. But the proofs in the pudding. They havent taken care of their workers. We went backwards the last 16 years. Backwards. And breaking moments ago. Its white house says President Biden will speak today about that historic strike against all three automakers. Thi
Nasdaq indicated up by 1. 2 for the week to date for what we have seen. Look at the treasury market. You see treasuries here with 10year treasury at 2. 3 . Wti climbing above 90 a barrel. Right now, 90. 43. Of course, we have seen big news in other places. New overnight, positive data on china recovery overnight. Retail sales raising 4. 6 in august. The Unemployment Rate ticking down by. 10 . Chinas Central Bank Cut a shortterm lending rate one day after it lowered the reserves the commercial banks need to hold against deposits. That will free up funding to lend to houses and businesses sdpbusinesses. Im happy we have this guy around. Phil lebeau. It he iis interesting, the phil. You are in detroit. I saw you talking to one of the guys earlier. This is very interesting today. Especially where we have you perched. Reporter joe, it will be interesting to see how long the strike goes. Maybe a week or two weeks or looking at something extended out over seven or eight weeks. That remains to
Now. Off the job and on the picket line. Thousands of Union Auto Workers take part in a coordinated strike against the Big Three Automakers simultaneously. The first time this has ever happened. Well take you to where talks stand at this hour. Plus, donald trump denies he ever asked a maralago staffer to delete surveillance video, potential evidence in his classified documents case. And the former president says he is willing to testify under oath. But will his attorneys let him . And what trump is saying about the secret documents he took from the white house. Utter destruction. Thats how a cnn reporter is describing scenes in libya after catastrophic flooding there. 5,000 lives confirmed lost. Making matters worse, the u. N. Says most of the deaths could have been avoided. We are following these major developing stories and many more, all coming in right here to cnn news central. It is an American Labor strike unlike anything the nation has ever seen. Right now, thousands of auto wor
Ginger has the track, timing and big threats right now. Hunter biden indicted. The president s son faces three felony gun charges after his plea deal for alleged tax crimes fell apart, accused of buying a gun while lying about his drug use at the time. His lawyer joins us live. Alex murdaugh in court. For the first type since he was sentenced for life in prison for the murders of his wife an son as his attorneys push for a new trial. The major deadline. What the lawyer for four of the jurors is telling abc this morning. Hacking vegas. A massive cyber attack crippling some of the Biggest Hotels and casinos on the strip. Customers waiting hours to check in, slot machines silenced. The race to recover. New blind side drama. The tuohy family denies allegations they tricked michael oher into a into a conservatorship. Too good to be true. How some home buyers are scoring a lower rate. You have never heard of this method to get a 2 Mortgage Rate. Even with phort tkpwapbl rates soaring to thei