Wall Street Breakfast Starbucks strike expands
Dec 23, 2024
Union workers at Starbucks are on strike across nine states as labor disputes escalate during the holiday season. Meanwhile, Honda and Nissan are in talks to potentially merge, aiming to become the third-largest car manufacturer in the world. Additionally, Stellantis has decided against laying off workers at its Ohio Jeep factories. The podcast also delves into the latest shifts and trends in the automotive industry, highlighting significant mergers and stock movements that could impact future investments.
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Starbucks Strike Expands
- Starbucks workers in nine states are striking, impacting holiday sales.
- The union wants higher wages, but Starbucks says their demands are unsustainable.
Honda and Nissan Merger Talks
- Honda and Nissan are in merger talks, potentially creating the world's third-largest automaker.
- Mitsubishi may also join, and a holding company is planned by 2026.
Stellantis Cancels Layoffs
- Stellantis canceled plans to lay off 1,100 Jeep factory workers in Ohio.
- The layoffs are now reduced to 125, and employees will return after the new year.