that's the kind of progress sean fain is looking for. the fact that we have not seen it regularly is not a surprise. i think that sean fain and the uaw look at in as we can push this further. we're not to a point where public sentiment or people on the line are saying settle it. we need to get back to work. therefore they will continue pushing this. >> that's kind of backed up in some of the chart work in the last week or so showing either that the union wages should have a relatively muted impact on overall wage inflation or in some cases have not even kept pace with nonunion wage increases over the past couple of years. >> that's what drives the workers. whether you go to some of the plants whether in wayne, michigan or toledo, they truly feel like they have been shafted over the last four years. yes, they were under contract and nobody is disputing that. but they look around at the rest of the manufacturing complex in this country and say, look at all these raises these people are getting. look at the record profitability of the big t

by taking on all three at once, uaw president sean fain successfully pitted them against each other.l weeks. analysts and pundits were crying that our union was going too far. that we were demanding too much. we didn't listen to them, and we never let up. the result is one of the most stunning contract victories since the sitdown strikes in the 1930s. president biden, who recently visited the picket line, applauded the deal. today's historic agreement is yet another piece of good economic news, showing something i've always believed worker power. worker power is critical to building an economy from the middle out and the bottom up. the new contracts push up costs for the car makers while they're trying to invest more in electric vehicle technology. ford estimated the new contract could add up to $900 in labor costs to each new vehicle. the worry is that the big three unionized american car—makers might struggle to remain competitive after the strike. staying with the us, presidentjoe biden has signed a far—reaching executive order on artificial intelligence, requiring companies to re

in may, i was honored to invite uaw president sean fain, and afl-cio secretary-treasurer frederick redmond to present and speak with my trade minister colleagues at a first-ever labor discussion forum at the aipac trade ministerial we hosted in detroit. in order to understand why we are placing the interests and needs of our workers at the center of our trade policies, and in order to work with us to develop more inclusive, sustainable, and resilient economy in the asia-pacific region, it is critical for our partners to meet and hear directly from the leaders of our worker organizations. not just our company ceos. during our aipac host year, we are seizing the opportunity to demonstrate the power of inclusion as a means to promote economic opportunity and competition. this means lifting up women entrepreneurs and workers, helping small businesses grow, and unlocking economic opportunities for underrepresented parts of our population. and we are walking our talk. in san francisco in november, trade ministers will hear from and engage with indigenous leaders from around the asia-pacific so t

. >> union president sean fain said they had a major break through on talks. take a listen. >> we're making significant progress. in just three weeks we have moved these companies further than anyone thought possible. >> the union says they're making good progress on issues like better pay and cost of living adjustments but there's still no finished contract in site. >> what's also noticeable that the union president did not say that strikes were expanding like we've seen over the past few fridays. >> jesse kirsch is in ohio outside of a strike at a stellantis plant. what did uaw's president say about where negotiations stand? we heard a little bit of it there. >> yeah. the union says it is moving in the right direction but there's still work to be done. what's notable is the union did not expand its strike against any of the big three automakers. in weeks past, even after having said that there was progress made with a company, the union wasn't afraid to then expand the strike against that same automaker. the example being ford. during the first expansion of

check to see can pay our mortgage and get enough groceries and settle our uh medical bills, so when sean fain quotes the bible saying that it's easier for camel to enter into through the eye of needle than rich person uh like these co's to enter into the kingdom of god, i think that uh rhetoric that anti-capitalist rhetoric speaks for millions and millions of workers across the country. in terms of wage increases um... it's it's pretty incredible uh william black when you take a look at the uh difference when it comes to the 1% versus the bottom 90% between 1979 and 2022 what i figured here through variety of resources adjustted annual wages of the top 1% rose by 145% and then for the bottom uh rose by only 16% why such disparity? okay so the disparity is actually massively greater. and that number indicates, because it isn't so much the top 1%, it's literally the top 1,0th of 1%. there the the gains are in the thousand percent range, however, the united states and what biden of course is calling biden nomics, turning around and insult into benefit um, or as we - economic ranks would call...

uaw president sean fain said the strikes were working but that the parties have not reached a full resolutionthe uaw went on strike with detroit automakers to demand better wages, pensions, workhours, and retiree benefits. plans are reportedly underway for a face-to-face meeting between president biden and china's leader xi jinping next month, according to the washington post. speaking to porters friday, biden said no meeting was set up but remains a possibility. if it takes place, it would happen during the asia-pacific economic cooperation conference in san francisco. it would be the latest attempt to stabilize troubled relations between the two superpowers. tensions have risen in recent years over military trade and economic relations. the last time biden and xi met was on the sidelines of the g20 conference in november 2022. attempts to reignite conversations between the two countries have accelerated with four top biden administration officials traveling to china for talks. i asked conger met -- a congressman, the ranking member on the house committee select of china, to weigh in on the

speaking to facebook live on friday, sean fain didn't announce any more factory strikes and acknowledged both their wage and benefit offers. he said the companies can still go further. >>> toy company fisher-price is recalling over 20,000 thomas and friends toys due to choking and magnet ingestion hazards according to the u.s. consumer product safety commission. the recalled toys are the thomas and friends railway troublesome truck and crate set, and the thomas and friends wooden railway troublesome truck and paint. >>> chick-fil-a hasn't admitted guilt but will pay $4.4 million to settle a class-action lawsuit. the lawsuit filed in georgia said chick-fil-a overinflated delivery fees during the pandemic. eligible customers will be notified by email and receive either cash or a gift card for $29.95. >>> that's your cbs "money watch" report for this monday morning. i'm courtney kealy, cbs news, new york. >>> a homeowner -- homeowner in atlanta was shocked when she came back from vacation to find a pile of rubble where her house once stood. susan hodgson said a neighbor called her last mont

sean faine said the truck was called after ford failed to update its contract offer.ove grossly responsible. >>> and somebody just got a whole lot richer. a winning ticket for the 1.765 powerball jackpot was sold in frazier park, california. for more, download the cbs news app on your cell phone or connected tv. i'm jared hill, cbs news, new york. ♪ >> announcer: this is the "cbs overnight news." >> good evening again from here in tel aviv on day five of this war. the big headline here as israel prepares for a ground invasion and hundreds of thousands of its soldiers are on the border of gaza. now there is a new emergency wartime government here, a unity government bringing together prime minister benjamin netanyahu and one of his main political rivals. >> tonight we're also learning more americans are among the dead, with even more missing. some believed to have been kidnapped by hamas. hostage rescue teams, delta force, and seal team 6 remain in the united states waiting for israel to request assistance. a source telling cbs news that request could come as soon as t

but union president sean fain says it's still a win for workers. achieved what, just weeks ago, we were told was impossible. we have begun to turn the tide on the war on the american working class and we truly are saving the american dream. the sticking points in negotiations with gm said to be on retirement benefits and issues with temporary workers. general motors has more retirees than the other two automakers work hours are already striking at one of gm's biggest plants in arlington, texas. that makes the chevy tahoe and suburban and the cadillac escalade. the company says that walkout alone is costing them $400 million a week . a uaw lawyer calling out gm, writing on imagine everyone is making trucks but you. if everyone else could get it done, what does that say about you, president biden this weekend praised the deals reached with ford and stellantis workers still need to ratify the contracts before they become official in atlanta, jonathan serrie for fox news. workers from some of the nation's biggest pharmacy chains are planning another wa

kentucky truck plant where they make super duty trucks picket lines come down despite not yet ratified, sean fainony up they did we won things nobody thought was possible together, we are turning the tide for the working class in this country but, every uaw member of ford will get a vote on this deal and majority rules. >> will come next week in trmz what have they got a lot of money 68% increase in start at salaries 33% increase top earners, 25% overall, 11% increase in first year cost of living restored to get to tooir tiers retirement savings enhanced they will be able to strike if ford were to shut down a plant, as you know the president, was out at any picket lines one point during this strike, he issued a statement, saying, quote now, testament this is a testament to the power of employers employees coming together to work out differences at bargaining table in a manner that helps businesses succeed hoping pay benefits they can raise a family on no the strategy to bring picket lines down ad ford they think puts more pressure on gm and stellantis to fall in line but, as you know, in this str

. ♪ ♪ ♪ >> bret: president sean fain said his union will not expend a strike against three major autoral motors raised its offer to the employees. gm matched boards 23% wage hike and other benefit improvements. the federal government has posted a budget deficit for fiscal 2023 of $1,695,000,000,000. that was a 23% jump from the prior year. the treasury department said the deficit is the largest sense covid fueled $2.78 trillion gap in 2021. the highest yield for 10-year treasury box since 2007 sent stocks down today. the dow jones sink 287 and the dow jones fell 54, the nasdaq 202 and the dow jones lost two-thirds of the percentage point and the nasdaq was off with 3%. three strikes, congressman jim jordan is out as republican nominee for house speaker. the judiciary chairman lost a house third vote today, colleagues dumped him with election for the job. and chad pergram tells us where things stand at this hour. tonight from capitol hill. >> good evening, the question is who is the g.o.p. to elect if anyone. they nixed the campaign of jim jordan after support on a third consecutive ba

uaw president sean fain says an 11th hour offer from general motors spared the company more walk-outsd most important plants to stand up. it was that threat that brought g.m. to the table. the big three know we're not messing around. they know if they want to avoid further strikes, they'll have to pony up. >> fain says g.m. agreed to include battery production in the contract. the uaw has been seeking from day one assurances from the automakers that they'll use union workers in ev battery plants. fain says they're making progress on pay, cost of living adjustments and other areas that have been contentious in these negotiations so far. we just learned from ford that they plan to lay off another roughly 375 workers in cleveland, ohio as a direct result of this strike. that is on top of around 1,300 employees that have already been laid off. so neil, to sum it up, there's still no deal. the strike continues. but the talks are going better today than they had in previous weeks. so the strike is not escalating any further, neil. >> grady, thank you for that. in case you're keeping count a

the ongoing auto strike heading into a new phase, that is a message from sean fain who says the uniont big -- start expanding to other days. they had been waiting until fridays to make any moves in contract talks. >> they thought they figured out the so-called rules of the game so we changed the rules. and now there is only one rule, pony up. we are at the point in those process where we are looking for one thing only, a deal. a tentative agreement. >> ford announced it would lay off thousands of employees. the strike started a month ago. more than 34,000 workers have walked off the job. u.s. has charged that there is evidence that north korea is applying russia for its war in ukraine. the white house released images that purportedly show ammunitions loaded onto a russian flagged ship last month. more than 1000 containers have been delivered. today marks the final day of campaigning in australia on changing the constitution on creating an indigenous committee that would advise the government. both sides held rallies and made their final days. if approved it would be the first time the

and members say that number will grow as the president sean fain says they're not backing down.in brand of cantaloupes are being recalled over safety concerns. thousands are being recalled over possible salmonella contamination. eagle produce, llc is recalling 6454 cases of candy brand whole cantaloupes. this action came after a distribution center test by the food and drug administration revealed the cantaloupes could contain salmonella. the products have upc number 4050. they were distributed between september 5th through 16th in 19 states, including california, all just crying and just like heather heart stopped. she had a heart attack and, you know, she was we were in shock. a story of survival, a family thanks those whose quick thinking and actions saved their young daughter's life. here's a live look outside after the break. meteorologist mark tamayo will have ur we 17 to address the overheating and that it's working with apps that are running in ways that warm up the phone system. this includes instagram, which updated its social media app earlier this week as well as ube

but uaw president sean fain is giving them his stamp of approval.ntract demonstrates the incredible power that workers have when they are not afraid to use it. the tentative agreements also a relief for president biden, who sided with the workers when he walked alongside them on the picket line. the uaw deal was the president. what do you think , greg? economists estimate the overall cost of this strike is over $10 billion. one thing to watch for consumer is if you're in the market for a new car, you might pay quite a bit more for it. ford already said it expects this new deal to add up to $900 to the price of a new car in washington, i'm grady trimble for fox business. tomorrow's halloween holiday means one thing to most people, candy, and lots of it. while some parents are already making deals and plans with their children about how many pieces the little ones can have. this next guest says there is a much better way for all of us. welcome back to the nine's signature opinion certified eating disorder specialist here in the bay area. thank you for

but that is still far below the bar set by uaw president sean fain, who is seeking a 36% raise for unionr four years. so far , the two sides remain far apart on that number. uaw did not expand its strike on friday, as it had in weeks prior. that's because general motors agreed to unionize its electric vehicle battery plants. those workers will be crucial as companies ramp up their transition to evs over the coming decade. we would stand to lose 20% of our workforce if our members don't have rights to move into those jobs or transition into those jobs. that's what we talk about, a just transition. that concession coming after the union threatened to shut down gm's crucial truck plant in texas. even with the standstill now in week for the union, president says they've been able to move the needle in negotiations. we are making significant progress. in just three weeks, we have moved these companies further than anyone even thought was possible about 25,000 workers are on the picket lines. the union says the strike will continue until a deal is reached with all three automakers in chicago,

our analysts saying one ford failed to go higher sean fain said if there is not a better offer you'veing to be given. delta did come in with a forecast on the lower end of expectations. those shares up 3.4%. not as bad as people expected. prices are going up just a touch. walgreens came in with a worse than expected forecast for 2024, talking about cost-cutting, which is interesting because this is what people are looking for. when will losses to margins end up in people losing their jobs or other trimming around the edges after already having cut so far. we want to parse through what the response has been to the cpi report. joining us is david kelly at jp morgan asset management. i want to get your thoughts on whether the cpi coming in hotter than expected moves the needle anywhere on your radar, even a touch? david: not really. on the cpi i think it was close to being exactly on expectations. the one thing that seem to be stronger than people expected was hotels. hotel rates had fallen 3.6% in the prior month. it jumped 4.2% this month. that was one of the things that pushed up shel

sean has been on the tv more than jake at state farm at this point. >> in a statement shawn fain quippedor he is available 24/7. he joined picketing workers at the stellantis plant in toledo over the weekend. >> this is a false narrative that they keep putting out were not willing to meet we've been there every day i leave right now and go back if they wanted to my phone is not bringing. around 7000 workers at a ford plant in the southside of chicago and a general motors in lansing michigan is the latest walk off the job. stellantis was spared in the latest round were the uaw has expanded the strike for the second week in a row. that might indicate the talks are going better with them but ford was spared a week ago another expanded the strike against them. week by week at this point. stuart: that is the truth of it. thank you very much indeed. from what you just heard you think automakers will get back to work at the auto union workers will get back to work anytime soon. >> despite shawn fain, i think they go back to work when joe biden puts the pressure on them and the white house polls

stellantis plant in sterling heights, michigan, that's where they make the ram 1500 truck and pictures of sean fain of the plant and greetings workers out the sign and we want the strike to be over. but it's not. listen. >> we don't want to be on strike but we're going to do whatever the hell we need to get it. reporter: first time i've heard he wants an end to the strike and they're outraged over the walkout and had multiple conversations and they thought were productive and left the bargaining table expecting a counter offer and it never came. nobody talked publicly and all out in public and at least nobody is busting hides on the picket lines. back to you. >> it's early. thank you for the live prosecutor from the area. brian, he's a big background and socialist and bernie sanders guy and can you be a socialist and run a union in a capitalist society? is that too deep a question at this hour? lawrence: they're not budging at all. >> ainsley: maybe the end is near. steve: house republicans are stet to meet behind closed doors to vote by secret ballot on their nominee for the next house speaker hap