Strike threat. Alex . The Labor Department says theyre keeping close watch on the talks. Theres nine days left for the uaw and detroits big three to agree to a new fouryear deal. If they dont, the 146,000 members have voted to strike. The unions demands are bold. Members are seeking a 46 pay raise, 40 hours of pay for 32 hour work weeks and for traditional pensions to be restored and Cost Of Living increases. Workers say the companies have raked in billions on their backs. A g. M. Executive said the demands have significant costs attached that would threaten manufacturing momentum. Its clear the two sides are still wide aparty. While in philadelphia yesterday forks labor day, President Biden said hes not so concerned. Mr. President , are you worried about an auto strike . [inaudible] he said he doesnt think its going to happen. Uaws president says he was shocked by this reaction. They said maybe he knows something we dont know. This all comes at a time when ford and General Motors are
While Intel remains under heavy competitive pressure from Nvidia in the data center chip market, the easing PC slump and stabilization of its server chip business helped raise gross margins faster than analysts had expected.