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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUAW Strike Set To Expand Today
A strike from United Auto Workers in Detroit is expected to expand today after union leaders and the Big Three automakers failed to deliver progress in negotiations.
- The Washington Post reports that an expanded strike, "could exacerbate disruptions to an industry that makes up about 3 percent of the nation’s gross domestic product.”
- Bloomberg reports: “General Motors Co., Ford Motor Co. and Stellantis NV are bracing for more walkouts Friday as the carmakers remain far apart from the United Auto Workers on key issues...”
- The strike is a delicate political issue in a critical swing state for the White House. President Biden has resisted sending advisors to Detroit despite a statement last week stating that he would dispatch acting Labor Secretary Julie Su to assist negotiations.
- Rep Debbie Dingle (D-MI) cautioned against President Biden appearing at the picket line: "This is between the companies and the UAW. It's not about President Biden."
- Former President Trump is expected to use a speech in Detroit next week, counterprogramming the second Republican Presidential debate, to burnish his blue collar credentials and criticse Biden's industrial agenda.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.