and the strike continues for more than 10000 john deere employees, who have been on the picket lines for nearly 3 weeks now. they turned out an offer from the company that would have given them a 10 percent pay increase, along with an $8500.00 ratification bonus, and benefits and included earlier access to insurance. while the support for last month's offer of a 5 percent pay increase was voted down by 90 percent of the union workers. the latest offer was only declined by 55 percent of the workers who say they are still holding out for a better offer. and the workers have pointed to the fact that john, deers, profits have stored this year, earning a record high of around $5800000000.00, putting the company up 27 percent in the last year alone for the workers who are on strike right now. they are earning around $275.00 per week from the united auto workers union, but that's more than $500.00 less than they would typically earn through their current wages from john deere. now i know that when it comes to a strike like this, i mean you're getting into week 3 and you do have people that

and the workers have pointed to the fact that john, deers profits have stored this. you're earning a record high of around $5800000000.00, putting the company up 27 percent in the last year alone for the workers who are on strike right now. they are earning around $275.00 per week from the united auto workers union, but that's more than $500.00 less than they would typically earn through their current wages from john deere. now i know that when it comes to a strike like this, i mean you're getting into week 3 and you do have people that are saying, is this worth it? are we going to keep holding out? what exactly are we going for here? especially when they're taking homes, $275.00 a week, but then at the same time it makes you wonder, is john dear, really going to give in when you're talking about 10000 workers? well, absolutely. i mean, eventually they will, but that's where it becomes this game of chess where each side has to hold out as long as they can. and the workers are hoping that john deere and their labor before they decide that the workers can no longer liv

. >>> a worker strike at john deere entering its second month.eal that could end it but is it enough for the thousands of workers who walked off the job? >>> and 20 years since harry potter hit the big screen. the magic still at work today. a look at the staying power. >>> and the next generation who missed out the first time around as must goals young and old mark a milestone. sentyx. four years clear. a milestone. must goals young anr a milestone. ust goals young andk a milestone. ust goals young anda milestone. ust goals young and a milestone. must goals young anr a milestone. get checked for tu. an increased risk of infections —some serious— and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms, or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. learn more at cosentyx.com. certified turbocharger, suspension and fuel injection. translation: certified goosebumps. certified from headlamp to tailpipe. that's ce

. >>> a worker strike at john deere entering its second month.gh for the thousands of workers who walked off the job? >>> and 20 years since harry potter hit the big screen. the magic still at work today. a look at the staying power. >>> and the next generation who missed out the first time around moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >>> roughly 10,000 john deere workers set to vote on a new contract offer from the company. if union members approve the deal it could end the strike the united auto workers union announced last week it reached a third agreement with john deere. officials say it includes modest modifications from the second offer. workers rejected

. >>> a worker strike at john deere entering its second month.ands of workers who walked off the job? >>> and 20 years since harry potter hit the big screen. the magic still at work today. a look at the staying power. >>> and the next generation who missed out the first time around ♪ limu emu & doug ♪ got a couple of bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. what do you say we see what this bird can do? woooooooooooooo... we are not getting you a helicopter. looks like we're walking, kid. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ to make progress, we must keep taking steps forward. we believe the future of energy is lower carbon. and to get there, the world needs to reduce global emissions. at chevron, we're taking action. tying our executives' pay to lowering the carbon emissions intensity of our operations. it's tempting to see how far we've come. but it's only human... to know how far we have to go. >>> roughly 10,000 john deere workers set to

but others said with john deere in the middle of the most profitable year can it's ever had, the companyigger increases. no word yet on when they'll return to the bargaining table. >>> the great resignation. we've reported on the growing trend of workers quitting their old jobs during the pandemic but there are still many employees who want or maybe need to stay in their role. so what's it been like for those who stuck around cnbc's senior finance correspondent sharon epperson found out. >> we've lost quite a few people and as a result, there's increased response ibilities. >> reporter: project manager carol sloan is not alone a new survey from the society of worker management finds more than half the workers who remained on the job after former colleagues left said they had to taken on more work on and responsibilities. >> it's a vicious cycle. employees leave, which means all of their work has to be done by the employees who remain and the employees who remain now say, i'm working too hard. i don't have balance in my life. >> reporter: nearly one-third of workers report struggling to g

10% raise after thsult of the union's vote was announced, a john deere executive indicated it would anfinal offe the strike involved some 10,000 workers who walked off the job in mid october. that's your cbs money watch report. head to cbsmoneywatch.com. i'm diane king hall. >>> it is 4:47. let's get a check of weather and traffic. >> we will start with mary lee with what it looks like outside. still a little bit showers. >>> we are looking at that wet start to our day so definitely grab that umbrella, your rain jacket. if it's not raining, we still have slick roads and of course gianna will have more on that. you can see the locations, especially east bay, tri valley, peninsula, south bay getting that wet start. this is because of a cold front pushing across the bay area, so looking at that light shower activity for the tri valley from pleasanton, livermore, dublin, as well as the peninsula, wood side, the south bay. right now san jose, you are getting that light rain as well as for milpitas, campbell, los gatos. a live look with our san francisco camera, a wet camera out there. ou

. >>> on cbs "money watch" now, a tentative agreement was reached with striking john deere workers, ande popular online game roblox crashed over the weekend. diane king hall is at the new york stock exchange with those stories and more. good morning, diane. >> reporter: good morning. this week investors will keep a close eye on a key federal reserve meeting starting tomorrow. traders will also be on the lookout for the labor department's monthly jobs report. that's due at the end of the week. meantime, all three major averages closed at record highs on friday. the dow gained 89 points. the nasdaq added 50, and the s&p 500 was up 8. >>> john deere union workers reached a tentative contract over the weekend that could end a strike. if the farm equipment workers ratify the deal, they'll get 10% wage increases. the up-front pay would be followed by 5% raises in the third and fifth years. workers at 12 deere locations in iowa, illinois, and kansas who are demanding better pay and benefits will stay on strike as they review terms of the deal. a vote on the agreement is expected soon. >>> this

. >>> breaking overnight, it is back to work for both sides in the john deere labor dispute after union members rejected a 10% raise. they said no to a tentative agreement giving up multiple pay raises and a bonus. a john deere spokesperson said the deal would have invested an extra $3.5 billion in employees, but opponents say it's not enough given the company's record profits. >>> the atlanta braves are world champions. they dominated the astros in game six of the world series last night. series mvp jorge soler hitting a three-run homer on the way to a 7-0 win. the team now celebrating their first title since 1995. >> we're in november right now, and we've been doing this since february, and we've had so many ups and downs this year, and for us to be world champions, again, that is awesome to hear. >> veteran freddie freeman there, happy, of course, getting that ring. now, this is the fourth world series for the franchise, the second since they've been in atlanta. some fans attribute the good luck to the pearl necklace that outfielder joc pederson has been wearing calling it his lucky

they voted 61% to 39% today to approve the third contract that john deere offered according to their union, it essentially doubles their wages, 20% wage increases over the next three years. it gives an $8500 signing bonus and enhances retirement options. the union president saying in a statement -- uaw john deere members did not just unite themselves, they seemed to unite the nation in a struggle for fairness in the workplace. >>> the pandemic has made our world more virtual, hasn't it? from staff meetings to birthday parties, even funerals and it's here to stay, but the technology keeps moving. next stop, hole ograms, life in 3-d, helping to bridge the distance between the physical and virtual worlds here's contessa brewer. >> macau, the gambling mecca of the world, and sands is welcoming guests with a superstar. soccer celebrity david beckham is sands' global brand ambassador even in a patterned with international travel shut down -- he personally promotes sands in china through a hologram. >> it's a big thing to have a technology like this that enables me to interact without being

last month more than 10,000 people who work at john deere walked off the line. five states, colorado, georgia, illinois, iowa, kansas, john deere workers have been in the streets for 35 straight days trying to get better working conditions. as a result of their strike, they won.ct veer they won a 10% pay increase that goes into effect immediately. they'll also get a signing bonus and better retirement options. that's what they were asking for. >>> here was yet action of yet another kind and yet another place. this was glenn county, georgia, today outside the trial of three white men who are accused of killing an unarmed black man who was jogging in his neighborhood, a man named ahmaud arbery.gh for days now, the defense attorney for one of the men who's accused of killing mr. arbery has attempted to have prominent african-american pastors removed from the site of the trial, removed from the courtroom because he says they n were intimidating.m he says it's black pastors specifically that are intimidating, and he wants the black pastors removed, just the black one

. ♪ >>> welcome back thousands of john deere workers have been on strike for a month now.vate sector strike of the u.s. since 2019 and there's still no resolution in site. seema mody has been following the story and joins us with the latest and what it could mean for the prices of deere products i would think higher >> definitely higher i'm told a meeting took place last night, but, alas, no resolution yet the 10,000 union workers continue to hold out for a better pay package deere indicated its latest offer including a 10% wage hike, $8,500 bonuses, was readjudicated by the union workers, who want more >> john deere's stock price more than doubled since the pandemic began, so there's sort of a sense that we sacrificed we were told we were essential now it is time to basically put your money where your mouth is in terms of these union contracts coming up. >> now, in the event this strike continues john deere is making contingency plans, leaning on salaried workers and international factories to produce extra parts needed by farmers in the u.s. as agriculture demand remains

yesterday, union workers at john deere finally rack defied a new contract. which brings to an end their labor strike. last month, more than 10,000 people who worked at john deere walked off the line, five, states colorado georgia, illinois, kansas, john deere workers have been in the streets for 35 straight days trying to get better working conditions. as a result of their strike, they won. they want to 10% pay increase that goes into effect immediately. they also get a signing bonus, and better retirement options. that's what they were asking for. here was direct action of yet another kind, and in another place. this is glenn county georgia, outside, where three men were accused of killing a man. a man name ahmaud arbery. four days, now for one of the men's who's accused of killing mr., aubry was attempted to prominent african american pastors removed from the side of the trial. removed from the courtroom. because he says, they were intimidating. he says it's black pastors, specifically, that are intimidating. and he wants the black pastors removed. just th

this is a massive win for those john deere employees.n to work. let's take a look at that new contract right now. they're going to get 10% raises immediately. 20% over the lifetime of the contract. essentially doubling their raises, an $8500 signing bonus, return of cost-of-living adjustments, dramatically improved pension plan options and workers will be eligible for health insurance a lot sooner. now, overnight, the union saying in a statement, our members courageous willingness to strike in order to attain a better standard of living and a more secure retirement resulted in a groundbreaking contract and sets a new standard for workers not only within the uaw but throughout the country. >> many were watching this and really sends a strong message about the economy here in america. >> reporter: oh, absolutely, because, remember, robin, there is still a huge worker shortage across the country right now. that's what was happening with these john deere employees. they were doing a lot more work during the pandemic, so a lot of experts beli

uaw contract agreement shows commitment to john deere's workforce.rt of the inflation, wage inflation which is maybe not quite there yet. lisa: yet yet that they are benefiting from what we were talking about, the demand for food has reignited the demand for good. interesting to see their 2022 production sales expected to be 20% to 25%. net sales in the fourth quarter are looking lower. tom: it is a mixed fixture. -- mixed picture. let's move onto this pandemic. thanksgiving will not be as stressful as last thanksgiving, but certainly the losses, the injury, the harm we have seen the last few months. bhakti hansoti joins us, professor of associate medicine. a major pharmaceutical company just stated this is trending towards endemic. for amateurs like me, that says all clear. are we all clear on covid? bhakti: absolutely not all clear, absolutely not and he endemic -- and not endemic. tom: it is radio and tv so you have to give longer answers. [laughter] the leader of new zealand said we still have a challenge here and a problem. we all know each and

but it's also been a time for us to help each other along. >> reporter: wall street is projecting john deere to further raise prices to account for higher labor costs deere executives suggest the latest deal is the best and final offer. they're relying on salaried workers and international factories to produce extra parts, as demand remains high. kelly? >> thank you so much >>> a woman at the bronx zoo jumping into the lion's den. and we have the video. >>> uspl, taylor swift releasing her second rerecorded album, "red. what rules record companies could change after her big album drop at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs... being first on the scene when every second counts... or teaching biology without a lab. we are the leader in 5g and a partner who delivers exceptional customer support and 5g included in every plan. so, you get it all, without trade-offs. unconventional thinking, it's better for business. ♪ ♪ i still remember the first fall of

but it's also been a time for us to help each other along. >> reporter: wall street is projecting john deereest the latest deal is the best and final offer. they're relying on salaried workers and international factories to produce extra parts, as demand remains high. kelly? >> thank you so much >>> a woman at the bronx zoo jumping into the lion's den. and we have the video. >>> us ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ in business, setbacks change everything. so get comcast to un business internetorld. and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge. plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. ♪ i still remember th

but it's also been a time for us to help each other along. >> reporter: wall street is projecting john deere to account for higher labor costs deere executives suggest the latest deal is the best and final offer. they're relying on salaried workers and international factories to produce extra parts, as demand remains high. kelly? >> thank you so much >>> a woman at the bronx zoo jumping into the lion's den. and we have the video. and we have the video. >>> us when you hear the word healthy, it always feels a little out of reach. that's 'cause the way we're thinking about it is all wrong. so we made a healthier song. for some folks it's like baby steps. maybe it's a jump or eating something green. or taking mom to get that vaccine. ♪ healthier means bringing stuff to the folks ♪ ♪ that really need it. ♪ ♪ like millie's meds straight to her door or care at home. ♪ ♪ believe it. ♪ ♪ sometimes it's healthier to laugh. ♪ ♪ other times it's healthier to cry. ♪ ♪ we'll work through it together. ♪ ♪ when it works for you, drop on by. ♪ ♪ 'cause healthier happens easy ♪ ♪ when you just give people ac

john deere will be interesting post strike. bank of new zealand has a rate decision down under. we will factor that into our conversations tomorrow. mainly it will center around beijing. alix: it is, but i will not be here. you will be talking to yourself. i am interested in john deere after the union rage -- the union raise 10% and the signing bonus. i'm interesting to see what the commentary is on that. guy: maybe what we should be discussing is how much more expensive is thanksgiving this year? food prices have been going up. there's a big conversation happening about how food prices will be the story for next year. this could be a cheap compared to next thanksgiving. the line is this year we talked about energy prices going up, next year it will be food prices, one translates into the other. guy: i just hope i can -- alix: i just hope i get my bird this year. last year i paid for it and they did not give it to me. happy thanksgiving from the. guy will be here the rest of the week. richard haass will be joining "balance of p

john deere valves it will not return to the bargaining table.bal news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> if you take a look at gas prices and you take a look at oil prices, that is the consequence of the refusal of russia or the opec nations to pump more oil. we will see what happens on that score sooner than later. tom: if it is tuesday it must be belgium. i'm sure the president saw the movie years ago. now back to washington and the challenges postelection. the president of the united states. lisa abramowicz, moments ago the president speaks, he gets his act back together after the elections come and this involves 80 million plus employees where i guess we will get some very strict vaccine mandates over 100 employees. lisa: the idea of federal employees happy to get vaccinated. this is an administration tightening the screws. they have been outsourcing some of the requirements to private corporations. the

john deere up 6.2%.here are supply chain constraints and labor costs, we have strong farm demand helping out. nvidia and tesla are higher, not for any known reason but big floyd boost. we have the s&p -- but for big point boost. guy: who will be around to trade at 4:00 p.m. i suspect the robots will be in charge at that point. let's talk about what is coming next. we have the fed minutes a little bit later on today. tomorrow is thanksgiving in the united states. equity and bond markets are closed. for us, it is just a thursday. eu competitive council meeting in brussels. the reichstag also out with a rate decision. we will have all of that covered on bloomberg. i will be here. a great team lined up in europe. what we have coming up? tiffany wilding joining "balance of power" with david westin on bloomberg television and radio. i am off to bloomberg radio. the cable show coming up on dab digital radio. gina, thank you very much for helping me through the last few hours. my booster has kicked in and i'm fe

some 10,000 union workers who produce farm equipment for the john deere company have voted to ratify a new six-year contract it will end their month-long strike. 61% of the united auto workers members at john deere voted in favor of the deal, which brings an immediate 10% raise, an $8500 signing bonus, two future 5% raises, and bonuses to workers who meet production targets. meanwhile, some 40,000 healthcare workers at kaiser permanente hospitals across northern california were poised to begin a sympathy strike this morning in solidarity with hundreds of engineers who've been on picket lines for two months demanding better pay. the cdc reports the united states saw more than 100,000 drug overdoses over a 12 month period ending in april, nearly 30% increase over the previous year stoppages the first time annual overdose deaths reached six figures. advocates isolation and stress brought on by the pandemic rot high rates of drug abuse. opioids, including fentanyl, accounted for about three quarters of all overdose deaths. and the winners of the 2021 national book awards have been announ

.3% and .4% but a lot of green globally right now. >>> to this morning's top stories including john deereting its foot down over contract talks with thousands of workers bertha coombs is here with that and more good morning. >> good morning. deere said it is done bargaining with striking workers after they rejected a second contract offer this week. the company says it will not raise its latest offer, calling it its best and final one. the six-year proposal would have givenworkers an immediate 10% raise with raises in 2023 and 2025, along with $8,500 as a bonus. >>> exxon mobile is warning that some of its assets may be at risk due to climate change according to "reuters," its board will test assets for potential climate impairments during an annual review. the report says directors will look at factors including future energy supply, regulation, government policies and green house gas restrictions with that review >>> meantime, google is apparently pursuing a major cloud computing contract with the pentagon according to reports the head of the division has met with officials on the proce

it's a significant improvement from john deere's final offer before workers went out on strike. in wisconsin, opening arguments begin today in the trial of kyle rittenhouse, a white teenager who faces seven charges, including homicide, for fatally shooting two men and wounding a third amid anti-police brutality protests in kenosha last year. there is only one person of color on the jury. rittenhouse was just 17 years old in august 2020 when he bought any legally some automatic assault rifle across state lines and join other white vigilantes in the streets of kenosha during protests over police shooting of jacob blake stop the judge overseeing the trial has ruled the three protesters shot by rittenhouse cannot be labeled "victims" during the trial but can be called "rioters," "looters," or "arsonists" if the defense can provide evidence to justify such terms. the senate voted monday to confirm beth robinson to the second u.s. circuit court of appeals, representing connecticut, new york, and vermont. robinson is a long-time lgbtq leader, who in 1999, argued a landmark case in verm

. >>> union workers at john deere. uaw workers are working on a deal that would double wages and enhance retirement and long-time bonuses for employees. sure to be relief for farmers. union workers will vote tomorrow >>> the astros played with their backs against the wall in game five of the world series but it was the braves who struck first. duvall's grand slam made it a 4-0 ballgame astros would respond trading the lead until gonzalez scored two they don't look back and the astros get a 9-5 win game six in houston tomorrow night. >>> a big halloween weekend with celebrities and their families check out lizzo as grugu and brought a big surprise performance to spotify party and then play sleeba >> and gabrielle union's daughter joe jonas dressing up from the lizzy mcguire film >> throw back. >> speaking of throw back, bill c karins >> the halloween forecast was pretty nice coast to coast now, as we start november. this weekend, we change the clocks and fall back sun set will get really early about a week from right no

union workers at john deere are set to vote tomorrow on a new contract that will offer bigger raises and bonuses. that company trying to end its first strike in 35 years. it announced a new tentative deal this weekend on a six-year deal. more than 10,000 workers at 14 plants in america and canada are on strike. at apple the item with the longest wait time is low tech. the most back ordered product is apple's $19 polishing cloth. if you order the cloth right now you could wait 10 to 12 weeks before january at the earliest before it arrives. the -- >> wow, can't go like this. >> probably shouldn't, but i do, though. >>> stay with us here on "today in the bay." when we come back, kari will be tracking that rain for our new workweek. >> yeah, more rain on the way as we watch it falling in the north bay. we have storm ranger powered up and tracking that. that's next. >>> san mateo bridge moving smoothly, and a crystal clear view but kari will talk about what may slow you down over in contra costa county, coming up. >>> under quarantine, singer, bon jovi testing positive for covid and how

and while john deere workers might be the biggest group, they are not alone in rising up together toives. just in the last few months, iatzi television and movie crew workers and kaiser permanente healthcare workers saw improvements in their contracts after the threat of a strike. and workers at classic-american brands, like nabisco and frito lays ratified new and improved contracts after successful strikes of their own. industries as different as manufacturing, healthcare, transportation, retail, and fast food are seeing their workers strike for more dignity and better-working conditions because the strength of the american economy is not some abstract thing. it is based on the labor of each and every worker in america. this chart shows the decrease in american union membership from 1967 to 2018, and the corresponding decrease in middle-class share of income. studies reported in"usa today" and "forbes" show that union membership is particularly advantageous for black and hispanic workers, and that the racial-wage gap is considerably smaller in unionized workplaces. so, if you believ

reporter: ongoing walkouts by alabama coal miners, health care workers in northern california, john deerespital in buffalo. it's brought out the tiger in these makers of frosted flakes. >> i feel we have the upper hand -- >> reporter: striking workers james jackson and robert jensen point to nebraska's unemployment rate, 1.9%. >> there just isn't enough skilled craftmen to fill all these openings. >> you're not that easy to replace. >> no. >> reporter: kellogg's told us intame "the prolon rk stoppage has left us no choice but to begin to hire some permanent employees to replace those currently on strike." >> we'll stay out here one day longer than they're willing to. >> one day longer -- >> reporter: that's at least through tuesday when negotiations resume. mark strassmann, cbs news, omaha. >>> coming up on "cbs mornings," we'll speak with dr. anthony fauci, president biden's chief medical adviser, for an update on the omicron variant. >>> plus, comedian kevin hart talks with gayle king about his dramatic series debut in netflix's true story. >>> and nate burleson convenes a hip-hop panel

kelly, of all of the industrials, john deere has put the most money to work in research and developmenttly acquiring bear flag robotics for $250 million. >> interesting, because obviously we could see the potential, gina, for use in farm equipment. are you saying home depot could be a good read for this one? i'm sure they're happy to have the labor dispute settled. what would you do with the stock? >> i think what we're looking at, seema hit the big points there's strong demand by farmers for crops. you look at lowe's, home depot, they're experiencing great sales as well. so really at the end of the day, it comes down to whether or not the disruption has mattered. so we haven't seen significant downgrades by analysts i think that's an important read right now because if there was an expectation we would have seen those analysts' expectations being revised down, and they stayed solid for the last four weeks going into earnings i think that we can expect a strong quarter this quarter. >> all right so gina, a buyer there, deere at 348. still 16.5 forward p/e seema, thank you >>> we will mo

if you look at john deere, their end consumer is farmers which are benefitting -- who are benefittingm higher commodity, agriculture, commodity prices that means they're sitting on a larger budget, and one observation from the earnings call today suggested that they now have more money to use to upgrade their agriculture equipment, which can be very expensive, and are also more open or receptive to experimenting on john deere's more disruptive technologies like the x9 combine which can increase harvesting capacity around 45%, which means you are yielding more crop per acre. stat at the same time there's other technology deere continues to invest in that farmers seem to be very receptive to one is just their spray and seed technology for some of us who don't own a farm, a weed may not seem like a big deal, but for a farmer sitting on acres of land, one weed can have a huge impact on other crops, their ability to grow they absorb nutrients. they're a game changer, and at a time where fertilizer prices are rising one option for the farmers is to invest in the technology that can identify

>> well, first of all, john deere workers are on strike right now, and they're the largest manufactureracturing state, believe it or not. the second biggest part of our economy is agriculture and agriculture is doing pretty well this year following that phony trade war that trump waged with china. and now china has been buying a lot of corn and soybeans and pork, and so that's buoying the iowa economy. but those same factors are at play, labor market participation is down farther in rural areas and not recovering as quickly as urban areas. there's a lot of anxiety in rural iowa about home heating prices this winter up 50%. and of course gasoline prices over $3. and we all know that corn eventually is going to settle back down near $4 once chinese demand catches up. >> michael, people who live paycheck to paycheck do not have extra money lying around. right now families of 60 million children are getting on average $430 a month from that expanded child tax credit. that is huge, but it runs out in december. come january, what could things look likes for economically vulnerable families? >

the strike at john deere is over. workers approved a new contract last night ending the month long walk out after rejecting two previous offers, members approved the deal 61-39 it's. it comes with immediate 10% raises, changes to healthcare, improvements to the pension plan. >>> get ready for thanksgiving to gobble your wallet. this year the cost of a turkey is $1.50 a pound up from last year. however the farm bureau says the number may drop because that's based on prices from two weeks allege before grocery stores started heavily featuring turkey and offering thanksgiving sales on the bird. the average cost of a typical feast for ten people is a little more than $5 a person. >>> apple users will be able to fix their own equipment. next year the company will launch online store to sell more than 200 parts and tools. only newer versions of iphone and mac computers will be available for self repairs. that's your cbs money watch report. for more head to cbsmoneywatch.com. i am diane king hall. >> i can barely figure out

. ♪ >>> workers at john deere will stay on the picket line after rejecting a contract offer yesterdaye given them 10% raises in the first year, but the union representing the employees said that wasn't enough. employees are holding out for a better deal. >>> on the cbs "money watch," facebook says that it's opting out of the facial recognition, and some mcdonald's are putting a meatless burger on the menu today. diane king hall is at the new york stock exchange with those stories and more. good morning, diane. >> reporter: good morning, investors will be monitor the federal reserve expected to announce the wind down of its bond-buying program. meantime, all three indices closed at fresh records again yesterday. the dow industrials rallied 138 points. the nasdaq gained 53, and the s&p 500 added 16. >>> facebook says it will end the use of its facial recognition software amid criticism from its more than one billion users. the software scans users' faces in pictures and videos and will notify them if someone else on the platform has posted images of them. the decision comes as growing c

. ♪ ♪ if today's tope stories, more than 10,000 john deere workers are back on the job this morning afterd their month-long strike. they ratified a new six-year agreement. the deal will immediately boost wages 10% and increase to 20% over the life of the contract. >>> if today's ground breakers, jessica watkins will become the first black woman to join the crew under the iss she will shev as a mission specialist she was chosen in 2017 she is set to plast off in april of next year >>> a car in washington, d.c. was vandalized the words mike is a cheater spray painted all over the suv. the problem, though, the car didn't belong to mike. pat collins from our washington station has the details. >> reporter: let's get this straight from the start. you're nedra brantley, right >> i am. >> is your name mike >> no, it's not. >> reporter: this is her mitsubishi car have you ever gone out with somebody named mike? >> i have not. >> reporter: this is what her car looked like. mike is a cheater spray-painted all over it. you know anybody named mike? >> i do not. >> reporter: so you could imagine how n

. >>> the month-long strike at john deere is over, after work approved a new contract. employees will get better pension plans and an $8,500 bonus. workers across the country have gained new leverage because of the labor shortage. >>> new questions this morning about what can be done about rising gas prices. the white house wants to know if the big oil companies are taking advantage of drivers. em nguyen is here with more. >> reporter: good morning, andrew. president biden is calling for an investigation into gas prices, just as you know millions of americans prepare to hit the road for thanksgiving. with gas prices at a seven-year high, president biden is calling on the federal trade commission to investigate its illegal conduct is to blame. >> right now, it's difficult. >> reporter: biden writing in a better to the ftc, in the last month, the price of unfinished gasoline is down more than 5%, while gas prices are up 3% at the time. exxon and chevron were on-track to double their net income, compared to 2019. and saying, i do not accept hard-working americans paying mo

two weeks into a strike, united auto workers union has a tentative agreement with john deere. employees will get a bump in pay and no changes in cost of their healthcare. 10,000 employees have been on strike since october 14. they'll remain on the picket line while workers review the deal ahead of a ratification vote. >>> video gaming platform roadblocks back online after struck by a days' long outage. millions began having problems logging in thursday. by friday the service crashed. it took until sunday for the issue to be identified and fixed. the outage was result of internal glitch, not a hack or any other kind of external intrusion. that's your cbs money watch report. head to cbsmoneywatch.com. i am diane king hall. >>> the clock just hit 4:45. let's get a check of weather and traffic. >>> we will start with mary lee with a look at our forecast with rain. >>> we are tracking that rain, this cold front that is about to push across the bay area. grab your rain jacket, your umbrellas, because you will need it as we head through our day. it's reaknocking on our door here on h

investigated on suspicion of attempted murder >>> union workers are on the verge of a zdeal with john deereend their strike. negotiators agreed to a new six-year contract with the farm equipment giant that would enhance retirement benefits and retirement bonuses the agreement is sure to be a relief to farmers in the middle of harvest season. >>> all right. still to come, best costume from yodo to saleena. hollywood gets into the halloween spirit d? that means, you could be right back where you started. break the cycle with microban 24. just spray once and your surfaces are protected against bacteria all day. microban keeps killing 99.9% of bacteria touch after touch for up to 24 hours. these leading disinfectants do not. use the sanitizer 4 out of 5 doctors would use in their own homes. microban 24. air wick air wick scented oils are infused with natural essential oils to create authentic seasonal scents that fill your home with holiday spirit all season long. connect to nature this season. i took my favorite cereal and made it waaay better, tony. shaq you're using my crunchy, delicious kel

and wasn't enough for the 10,000 union workers that had been on strike demanding better pay john deere forward are limited. but some labor experts pointing to deere stock and 100% rise in total compensation from 2019 to 2020 as justification for higher pay and a better deal for union workers. now, what's next, more meetings with the workers union to discuss options in the collective bargaining process. time is really of the essence as deere and other industrials battle a labor shortage, soaring agriculture prices and an infrastructure deal that is expected to bring in more business for a company like deere. this is day 19 of the strike an strikes have usually lasted 30 to 70 days and the last demonstration back in 1976 lasted 160 days. the company is leaning on salaried employees to keep its plants and factories running analysts at barclay's this morning using geolocation data found that 10 are seeing, quote, lower activity no one on wall street right now, morgan, lowering price targets or earning estimates but because they're clearly under the impression that deere will give them a be

john deere recently settled with 10,000 striking workers, as did mercy hospital in buffalo.brought out the tiger in these makers of frosted flakes. >> i feel we have the upper hand right now. >> reporter: striking workers james and robert point to nebraska's unemployment rate-- 1.9%. >> just isn't enough skilled craftsmen to fill all these openings. >> reporter: you're not that easy to replace. >> no. >> reporter: kellogg's told us in a statement the prolonged work stoppage has left us no choice but to begin to hire some permanent employees to replace those currently on strike. >> we'll stay out here one day longer than they're willing to. >> one day longer! one day stronger! >> reporter: that's at least until next tuesday when negotiations resume. mark strassmann, cbs news, omaha. >> dokoupil: a warning for online shoppers looking for black friday and cyber monday deals. cyberintelligence experts say thousands of fake shopping web sites are popping up every week, and stealing money from shoppers like you and i. here's cbs' anna werner with tips on how to avoid getting scamm