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The podcast discusses the ongoing United Auto Workers strike against General Motors, Coca-Cola's quarterly performance, the impact of weight loss drugs, and the trend of CEOs leaving their positions. Additionally, they provide retirement planning principles and share amusing anecdotes about retirement communities.
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Quick takeaways
- A record number of CEOs have left their seats this year.
- General Motors is slowing down electric vehicle production in North America to protect pricing and profitability.
Deep dives
General Motors reports earnings amidst ongoing United Auto Workers strike
General Motors reported earnings this morning, beating top and bottom lines. However, the ongoing United Auto Workers strike led to the company pulling guidance for the future. The strike has no definite end point, making it difficult for management to project future performance. Despite the lack of guidance, investors did not react negatively to the news, potentially due to focusing on the past quarter's results rather than the uncertain future.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode