UAW President Shawn Fain plans to announce new targets at 10 a.m. in online remarks and workers would walk out of additional facilities at 12 p.m., the source added. On Sept. 22, the UAW expanded its strikes against Detroit automakers General Motors and Chrysler parent Stellantis, but kept its Ford walkout limited to a single plant. The union historically has picked one of the Detroit Three to negotiate with first as the so-called target that sets the pattern on which subsequent deals are based.
-- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.
RIAThe commander of Russia’s Black Sea Fleet reported to have been killed in the destruction of its HQ in occupied Sevastopol last week appears to have survived, if a video released by the Russian defense ministry can be taken at face value.Ukrainian officials publicly “confirmed” Monday that Admiral Viktor Sokolov was among 34 senior officers killed in a missile attack on the Black Sea Fleet headquarters last Friday that came as a hugely damaging blow to the Russian war effort.
A man who spent nearly 30 years in prison for kidnapping, robbery and rape has been declared innocent and freed, Los Angeles County prosecutors announced Tuesday. DNA testing helped exonerate Gerardo Cabanillas in a 1995 attack on a couple sitting in a parked car in the city of South Gate, the county district attorney's office said in a statement.
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Biden to join UAW strike picket line in ‘unprecedented’ move by sitting U.S. presidentExperts in presidential and U.S. labour history say they cannot recall an instance when a sitting president has joined an ongoing strike
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Live news: U.S. president backs UAW on picket line in historic show of solidarityThe Financial Post brings you the top business stories as they happen for September 27, 2023. Read on for breaking news you need to know.
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Live news: U.S. president backs UAW on picket line in historic show of solidarityThe Financial Post brings you the top business stories as they happen for September 27, 2023. Read on for breaking news you need to know.
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Mike Pence on Fed, inflation, economy, UAW, shutdown: YF ExclusiveFormer Vice President Mike Pence formally launched his 2024 presidential campaign in June. Ahead of the second GOP debate on September 27, Pence joined Yahoo Finance Live for an exclusive interview. Among other trending topics, the former Vice President weighed in on the Federal Reserve, inflation, tax cuts, the UAW strike, and the potential government shutdown. Federal Reserve: When discussing the Fed, Pence says he would 'absolutely go in a different direction with the chairman of the Federal Reserve (Jerome Powell).' The former Vice President continued, 'We need fresh leadership at the Fed that's going to step forward and join us in an effort to really tackle the inflation that is waging war on American families.' Economy: Pence outlined his plans for the economy if he were to be elected President. In addition to making 'the Trump-Pence tax cuts permanent,' Pence said, 'We need to take a hard run at getting to a 15 percent corporate tax rate in this country.' UAW strike: The former Vice President believes that the current UAW strike against the Big 3 automakers – Ford (F), General Motors (GM), and Stellantis (STLA) – can be attributed to 'Bidenomics.' Regarding the current policies of the Biden administration, Pence said, 'The green new deal buried in that so-called 'Inflation Reduction Act' is waging war on people that manufacture combustion engine automobiles. Let's get beyond this ... electric vehicle mandate and subsidies, and let's bring policies that will really get wages rising in the country.' Border wall: Pence says that he would resume construction of the border wall on 'day one' if he were elected President. The former Vice President explained, 'A nation without borders is not a nation ... I think securing the southern border of the United States, ending this avalanche of more than 5 million people into our country, is really job one.' Government shutdown: Regarding the potential government shutdown, Pence encourages 'Speaker (of the House Kevin) McCar
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President Biden heads to Michigan for UAW strikes, former Vice President Mike Pence joins YF: Yahoo Finance LiveWall Street is under pressure this morning as investors digest recent headlines out of Washington, including recent messaging from the Fed and a possible government shutdown. In Michigan, President Biden is set to visit UAW members as strikes continue at General Motors (GM), Ford (F), and Stellantis (STLA). Former Vice President Mike Pence will join Yahoo Finance Live at 10 a.m. ET to discuss the shutdown, the upcoming GOP debate, inflation, and much more. Trending tickets today include DraftKings (DKNG), Williams-Sonoma (WSM), and Sea Limited (SE).Top guests today include:9a.m. ET - Gargi Chaudhuri, BlackRock head of iShares investment strategy9:40 a.m ET - Kenny Polcari, Slatestone Wealth Management Chief Market Strategist10 a.m. ET - Former Vice President Mike Pence11 a.m. ET - Steve Schmidt, Political Strategist11:15 a.m. ET - Octavio Marenzi, Opimas CEO
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