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
program will ask for their money back. action in the meantime, travelers, mcdonald s, leading the dow, sarah lee and starbucks on the s & p 500 and the nasdaq on pace for the best gain since 2003. bob pisani kicks it off at the new york stock exchange. bob? a day here where names, mcdonald s, cokes, procter & gamble doing better, industrial names, big interlos angelesal names, caterpillar, united technologies, alcoa weaker today a few groups moving. michelle mentioned the airlines. remember, they have had big capital raiseds recently and very successful ones a big note this morning out, ubs talking about all that, where it might mean and upgraded bottom line they upgraded a couple of big airlines,morning out, ubs talki all that, where it might mean and upgraded bottom line they upgraded a couple of big airlines, qb homes down, did get earnings, while they did have a loss not as bad as expected, cautious comments from the economic outlook from the ceo weighing in on that s