A General Motors bring production to a halt at 55 plants across the United States the current contract between workers represented by the u. A. W. And bosses at g. M. Expired saturday night and the decision to axe to not to extend the previous agreement and extend instead strike was made by a unanimous vote of the u. A. W. Regional leaders u. A. W. Workers are determined to draw the line on wages Health Insurance Cost Increases and management exploitation of temp positions the action by u. A. W. Workers does not affect their status under existing collective bargaining agreements with the other 2 of the famed big 3 u. S. Automakers ford and chrysler g. M. Workers so any gains despite describe the work mood among workers here another know. You say we buy. Our to keep this company running. Record profits theyre making now off our labor they dont want to even give any bag what they want to take and thats not right this betrayed. Experts say both sides will feel pain from a long strike u. A
Are going to see people try to arm themselves with right information but no doubt about it this will change the economy in the coming years. Cheryl im excited because ive been talking for a few days and i know you talk today heavy hitters in the industry, cant wait to see it and i cant wait to see mornings with maria which is obviously starting right now, have a great show. Special debut sunday night at fox news 8 00 oclock, this morning we are gearing up for another big news day, good morning, everyone, im Maria Bartiromo, live this morning from washington, friday september 20th, 2019, top stories right now 6 00 a. M. On the east coast. Mark zuckerberg taking washington, facebook ceo met with President Trump and lawmakers yesterday and hes headed back to the hill today as he faces calls to sell instagram and whats app, back to negotiating table deputylevel meetings resume in washington this as President Trump prepares for tariff exemptions, exemptions on select goods. Is futures looki
Current currencies continue to disrupt the payments space governments are waking up to the risks christiane managed to catch up with matthew walk to get his view on the future of regulation in the thin tech space so much content to fit in just 27 minutes can we do it just watch lets go to the 1st strike in more than 10 years by the United Auto Workers union leads our global report today as 46000 workers at General Motors bring production to a halt at 55. 00 plants across the United States the current contract between workers represented by the u. A. W. And bosses at g. M. Expired saturday night and the decision to axe to not to extend the previous agreement and extend instead strike was made by a unanimous vote of the u. A. W. Regional leaders u. A. W. Workers are determined to draw the line on wages Health Insurance Cost Increases and management exploitation of temp positions the action by u. A. W. Workers does not affect their status under. Existing collective bargaining agreements w
Another know. You say we gave. Our to keep this Company Running and now this company is making record profits theyre making now our labor they dont want to even give any bag what they want to continue to take and thats not right this trade. Experts say both sides will feel pain from a long strike u. A. W. Workers have a strike fund of 850000000. 00 from which they will receive 250. 00 in weekly strike wages meanwhile Industry Experts say g. M. Will lose about 50000000. 00 each day the strike goes on General Motors stock fell more than 3 and a half percent in monday morning trading. And there was a dramatic though expected turn in the legal drama surrounding part Purdue Pharma the corporate career creator of oxycontin the drug experts place at the center of the u. S. Opioid abuse addiction an overdose crisis on sunday night Purdue Pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creat
Swing up to 50 points. This is going to be a bit of a wild roller coaster this morning. We are anticipating more comments coming from the president as he continues to have these meetings at the g7. This can be very far, wide ranging and a lot of things can get comment on youll see the futures potentially move around on all of this. The nasdaq is up by 82 points. S p up by 20 coming after a big down day on the markets on friday when the dow was down by 623 points that pushed the major average down for four weeks in a row and you are looking at august being a month where well see declines very likely. The only other month we have seen declines is the month of may. Ten year looks like 1. 49 . The two year 1. 45 obviously these markets keying off everything thats happening out of the g7, too lets get right to aimen javers in france at what has been a wild and memorable meeting aimen, good luck wrapping this all up for us. Reporter yeah, absolutely, becky. Let me start with the comments the