This chapter discusses the ongoing strike in the auto industry, particularly its impact on Stellantis and the availability of Dodge Ram pickup trucks. It then transitions to an explanation of the recent spike in the 10-year Treasury yield, exploring its reasons and potential consequences. The chapter concludes with billionaire investor Bill Ackman's perspective on the bond selloff and its implications.
Episode 176: Neal and Toby have the latest news surrounding the UAW strike and why workers walked out of a Ram 1500 truck plant. Plus, Bill Ackman doesn't want to bet on bonds and Chevron spends billions in another oil mega deal. The guys also recap stories including the off-duty pilot who tried to take over an Alaska Airlines flight, what happened at a Chinese beer company and the latest lawsuit against Tesla. Finally, Toby shares his favorite trends and Tinder wants your friends to help you swipe.
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