Bloomberg Businessweek
GM and Stellantis Facing more UAW Walkouts
Sep 22, 2023
Auto reporter Gabrielle Coppola and CEO Diana Lee discuss UAW strike impact on GM and Stellantis, while CEO Eloisa Lewis explains reimagining projects to be more regenerative. Joel Weber and Randall Williams talk about Deion Sanders' influence on college football. Sylvia Jablonski reflects on tech and growth companies debate.
36:17
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Quick takeaways
- United Auto Workers expanding their strike to 38 additional GM and Stellantis facilities
- New Climate Culture CEO reimagining projects for regenerative and disaster resilient purposes
Deep dives
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Following the recent Fed meeting, the market experienced panic selling and volatility. Investors have shown interest in income-focused ETFs that generate enhanced income through selling in-the-money puts, while also selling off tech-related AI ETFs. The market's reaction to the Fed's hawkish stance and uncertainty about a soft landing has contributed to the market turbulence.
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