Price for taking american citizens hostage. The risk should be greater than the ransom they seek. How the white house continued support for ukraine. Here is what they had to say on that. Youll see him talk in a fullthroated way about the need to support ukraine as they support their sovereignty and the fact the United States will lead world efforts to do that. You will see him speak up for the un integrity that russia are violated inside u. K. Big story is encounter the president will have with irans president , coming one day after five americans were freed in a prisoner excharge. They are on their way back to the u. S. President biden celebrated the deal that required the u. S. To unfreeze 6 billion in iranian assets. This is a bad deal, it sets a bad precedence, it degrades National Security posture of our allies. President biden announced new action will be taken. We are sanctioning ahmadinejad for involvement in wrongful detention. The white house adding this. Run by a dangerous r
Secretary yellen later this morning. Auto strikes, day four with both sides digging in. The uaw rejecting the latest wage hike proposals while both ford and gm announce temporary layoffs due to the ongoing walkout. Plus apple reportedly seeing strong iphone 15 demand in china, and tim cook says the vision pro remains on track. Lets begin with the markets as we do kick off a new week. Jim, we didnt get to check in with you on friday. Any degradation, do you think, in this idea of a soft landing . Even the journal today takes a look at how it gets a little tougher from here. I do think that this auto strike is has potential to be very disruptive. I think that oil, clearly, to me, is headed to a hundred before it goes lower. Thats negative. The higher Interest Rates are starting to buy. Theres a really interesting call for lennar, stewart miller, the executive chairman last week, he was talking about the idea that the buyer is getting used to the idea that they have to pay more. Thats the
The gloves are apparently really off between those two. Well see where this goes thank you, caitlin. Good evening, im abii phillip, we bring with Breaking News that will have as massive impact on the entire United States economy. Less than two hours workers across the country are going on strike against the three auto makers. The first ever simultaneous of ford, General Motors and stellantis. Which owns jeep and chrysler. Were expected to hear from the president of United Auto Workers. 145,000 union members. Economic impact of 5 billion dollars. The union is demanding 40 pay increases. Better benefits and a fourday work week. Among the players in this whole saga is shawn fain, shes that uaw president who has been pretty unpredictable in talks so far. Also, the ceos of these companies who say that the demands will them out of business. Also there is the president himself. President biden. Hes under pressure both economically and politically tonight. First lets start with cnn Business Co
Was that the Immaculate Commendation that just happened to happen . It said donald trump awards spouting this combination. I thought it was really pathetic to sit there and listen to that dribble, it is totally false. Immaculate commendation. Thats when it does not roll off the tongue, thank you for joining us tonight, prime time with Abby Phillips starts right now, i dont think that would ever be what was said in the middle of this 2024 race. Gloves are apparently really off between those two, well see where this one goes, thank you, katelyn. Good evening, im abby philip, we begin with Breaking News that will have a massive impact on the entire United States economy. In less than two hours, workers across the nation are scheduled to go on strike against the Big Three Automakers. It is the first ever simultaneous strike of ford, General Motors and stolantis in moments we are expecting to hear from the president of the United Auto Workers union about the next steps. Here is what is at s
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in