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
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
Cash trade is less than 30 minutes away. I want everybody to know there are no circumstances in which i will ask brussels for a delay. We are leaving on the 31st of october. Matt scheduling difficulties. Chinese and american officials failed to agree on a day for their next meeting. Rebalancing the numbers. M s looks seter to drop out of the ftse 100 for the first time in years. Welcome to the european open. Less than a halfhour away from the start of cash trading. Im looking at the pound. This goes back to the beginning of 2017. I see the pound coming down, continuing to drop down to 120 01. Keep in mind, it has not closed below 120 for many years. Just didnt down below there. We are watching closely. Look at futures. Futures, wec, dax are looking at a mixed trade right now. Cac futures are marginally off. Decks futures fractionally higher. Dax futures fractionally higher. European futures looking better than a mixed asian session. Markets come back from the labor day holiday. A littl
Another strong system swe through the area bringing heavy rain and some isolated thunderstorms. After a tree crashed through one mans home in chevy chase he says he he is lucky to be alive. Michael zilinger was sitting on is couch when a tree fell through the roof. I looked up and there werehe brancs coming through and i was shocked. He is now working with his Insurance Company to see what is covered. Residents in louisiana are preparing for the worst as Tropical Storm barry moves to the gulf and the storm is inching closer to the ast. Tropical storm barry set to land tomorrow and evacuations are under way right now. New orleans is still drying out from more than 9 inches of rain this week, which means the misissippi river is higher than normal. Barry could lift the river to its highest level in nearly 70 years. 10 5 inches of rain are possible and if barry turns into a hurricane, that storm will make history. This will be the first time that we have had a hurricane make landfall in lo