shawn fain said, this is our generation's answer to the sit-down strike. as we have said, just under 13,000 workers on strike. this is an escalation tactic. shawn fain says not only once a week but several times a week he could call out new plans. every time one of these company gives an insulting proposal at the bargaining table, shawn fain and the leadership can stand up and say, "all right, new plans are out." it is this increase of leverage. there are risks, of course. the all-out strike at once would be powerful, would be important for the workers because it would be such a massive -- they would have their communities with them, it would be so visible. it of the same time, it is very expensive. so these workers right now are starting paychecks on the workers who are on strike are getting money out of the strike fund, $500 a week. this helps sustain the strike. so far we have seen -- i was a little bit of a skeptic about this and we have already seen it is paying dividends here. there have been a lot of reports from uaw members in certain plants that t

you her the announcement there from shawn fain at the uaw. what do you make of what he just said tonight? >> well, you know, i stand with the workers of the uaw. these are my constituents. tens of thousands are people that i work for. look, they are fighting for the future. you know, it was a couple of generations ago here in my hometown of flint workers referred to a sit-down strike. back then. workers occupied the factories and got the first uaw contract. as the previous guest said. that led to the creation of the middle class in the united states of america. so what the happened in the last couple of decades is much of what was gain was lost. in fact. the workers that we're talking about actually made concessions in order to keep the american auto industry alive when it was challenged back a decade or so ago. so this negotiation is really about getting back to that principle that says if you work hard, work for a high. successful company, highly profitable. that the workers ought to share in the incredible wealth their productive hands act

likely earlier today the ford ceo talking about -- farley, he had been blasting that very president shawn fain and he is claiming that fain is not negotiating in good faith. in fact here is the "chicago tribune" editorial board. i'll read what they have to say. "fain is the most belligerent union boss we've seen in a long time." so do you think that fain has gone too far in his negotiating tactics? as you say, these are member demands. >> not at all. you see that bias in the "tribune" right away .the boss of the uaw is a membership. shawn was elected by the membership. he reports to the membership. he has a responsibility to negotiate an agreement that he thinks honestly can get ratified. and it is sad to me that the companies aren't really responding to what he is expressing to them on behalf of the membership. so i think that is an unfair character staigs and i think shawn and the rest of the leadership team, chuck browning, mike booth, ritchey, they are all doing a great job. they are doing a great job for this member ship and presenting their demand, voicing their concerns and their frustr

president arrived at the detroit airport, about half an hour ago where he was greeted by the uaw shawn fain expect fain to be on the picket grounds. he had extended the invitation to president biden to come here where the workers are striking. but it's noteworthy that the uaw has yet to endorse in the 2024 election. the president was asked earlier what had would take to win that endorsement, he said it's not something he's worried about. the white house has stressed this trim about showing solidarity with the workers as the negotiations are ongoing with the three big automakers. the white house has walked a very careful line with the negotiations. they don't have a direct legal authority with the negotiations but tried to lend support. the president has come out in vocal support for the uaw since the strike has started. one thing that the white house has refrained from doing is weighing in specifically on how the white house used the demands of the uaw as these negotiations are under way. now, what's also playing out over the course of the next few days, the remarkable political split scree

the shawn fain event is ongoing.e continues to update and brief as to where the uaw is going to be moving next. he talks about the fact that gm and stellantis still need a serious push. he talks about the fact that there's been progress with ford and it looks like they are making the most with ford. so the uaw is going to expand his strike action against gm and stellantis. they will not do so against ford .it feels it needs to push ford carter. clearly it feels it needs to push stellantis and gm much harder so the strikes will be expanded. we will continue to follow this event for you. this is the facebook live event taking place now and we will continue to keep you abreast of what shawn fain is saying and the implications for the auto industry and economy. we need to talk about what's happening in the tech sector. microsoft, activision. that deal could actually happen, edging closer in the u.k. as regulators say they will accept microsoft's latest substantial concessions. details of the next. this is bloomberg. ♪ gu

going to come back and say, i don't care if you don't like shawn fain.d him. maybe not by a huge margin, but we elected him to be in charge of this union, and jim farley may not like it, but the uaw will come back and say, too bad. that's who we have here. you don't like it, that's the way it goes. so, i understand what you're saying. but i don't think that the solution is for ford to say, get rid of shawn fain. >> well, i -- >> nor do i think that jim farley will do that. >> how about if jim farley says, you know what? we're going to close all our plants. we got five months worth of strike fund. start dealing in good faith. phil, this was such -- you and i communicated. i thought this was such bad faith. i do feel a bit of pique because i thought the bad faith of these messages made it so someone in the industry has to say, this is not about the deal. this is about corporate sabotage and wrecking these companies. these were just egregious messages. >> and that's the anger that you hear from auto executives. and look, we all understand, the point of a st

and shawn fain — but they are big vehicles. and shawn fain has _ but they are big vehicles.n the picket line himself at midnight. how significant is it that he is starting from a slightly smaller than the stand—up strike. where you make your profits, you have new to go up. your profits, you have new to .o u . _ , , your profits, you have new to '0 u. , , ., ., your profits, you have new to to u n , , , ., ., . ., go up. gives him another card to -la go up. gives him another card to play and — go up. gives him another card to play and that _ go up. gives him another card to play and that chevrolet - to play and that chevrolet plant in the story, that's a profitable vehicle and it doesn't make the margins of the pick—up so if he doesn't what he gets in the next round of talks, he would strike a plan that makes those vehicles. that would shut down multiple plants all at once and he has leveraged to do it and hasn't threatened to strike a plant that would make make this. and the car companies, he couldn't go there and he's only using the strength line to pay workers while they a

liz: he said shawn fain has been on tv more than jake state farm. if you wanted to say shawn fain has been on tv a lot, we are going to keep an eye on it. i get the frustration on both sides but with the government shutdown less than a day away we don't need more strikes. as traders say goodbye to another rough-and-tumble september, the outlook for the fall is historically better. what do two of the best traders in the business say? john and pete are about to join us with the best october trades, with 4 minutes left to trade, look at the standout names that buck a hideous september for shocks, best performers, rivian and constellation anyway. stay with us. ♪ this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their

shawn fain, your president. [ applause ] >> all right. good afternoon, uaw! >> thank you! >> i want to thank local 174. [ applause ] thank you to the leadership and director lloyd dickerson. [ applause ] you're all the reason we're here. this is all about the membership. this site, it holds a historic place in the history of our union and our country. this was part of the arsenal of democracy during world war ii. it is where they built the b-24 liberator bomber. that bomber, they built one of those per hour when they were at their peak. it is what helped us win the war. so, today, 80 years later, we find ourselves here again, with the democracy. it is a different kind of democracy and different kind of war we're fighting. today, the enemy isn't some foreign country miles away, it is right here in our own area. it is corporate greed. and the weapon we produce to fight that enemy is the liberators, the true liberators, and so working class people, all of you working your butts off, on those lines, that deliver great product for our companies. >> that's right. >> that's how w

they should agree to the increases that shawn fain wants.ases, that is just going to bring people up to the 2008 level. i believe donald trump is demagogue in the issue. his view that we should not have electric vehicles, a means all those elektra vehicles would be produced in china. of course we want to make sure they are produced in the united states and not in china and want to make sure those jobs are good union jobs. that is what shawn fain and the uaw are fighting for. amy: hakeem jeffries walked the picket line. do you think president biden should? what do you feel about your colleague covers member debbie dingell who represents the workers at the ford plant that is on strike saying that biden should keep his distance? >> i thought hacking did a good job -- hakeem did a good job. i like to see other congressmembers got to the picket line. it would be good for president biden to come out either to a union hall or to a picket line. i know the logistics are hard. i think what congress member debbie dingell meant as the president and his

shawn fain to his credit is saying enough.erve dignity especially because billions of your and my dollars are going to subsidize these companies. they can't come asking the government for billions of dollars and then say they're going to continue increasing executive pay, continue enriching share holders with stock buybacks but not do enough for the workers. it is just not fair. >> i want to play what president biden said. he called on auto makers to go further in their negotiating efforts. >> auto companies have seen record profits including the last few years because of the extraordinary skill and sacrifices of uaw workers. those record profits have not been shared fairly in my view with those workers. the bottom line is, auto workers helped create america's middle class. they deserve a contract that sustains them and the middle class. >> you've heard what he had to say today but i will note the uaw president shawn fain has withheld the union's endorsement of the biden/harris ticket and criticized him although president bide

as you mentioned, we are waiting moments away from uaw president shawn fain to announce exactly where the uaw plans to strike, starting at 12:00 a.m. on friday, tomorrow. he's going to go live from inside this uaw headquarters. in terms of what the offers have been, general motors came with a new economic proposal earlier this morning, a 20% pay raise across four years that matches fords a 20% offer, and stellantis was at 17 1/2% in their last public offer. as you mentioned, that is nowhere close to the 40% that the union has been looking for since day one. what we expect to hear from shawn fain is that they are going to target select plants by activating select unions across the country. that is by design, to keep the companies guessing so that they have to try to figure out who is going on strike, who is not, that leaves some workers still in the plants, working. it is very unclear, because there will be no contract, what will happen to those workers. ford ceo earlier telling me that those workers will likely not be paid. in moments we will hear more about this rollout plan as there

what you did for yourself, do for us, there is a whole strike of shooting words, uaw president shawn fain for the big automakers, those big pay raises you gave yourselves over the last four years, give them to us for the next four years, fox on top of union members going for the gold not necessarily going for ceo pay, the same percentage height that ceos are seeing in their pay that is why strikers can reject 20 and 21% pay increases compared to the boss, this game of chicken has only just begun. ♪. neil: welcome everybody i am neil cavuto let's go right to just lock in toledo ohio on how workers are turning generous pay packages for the boss to their advantage. >> it sounds like a lot you make a great point, 21% over four years, that is 5% a year that is a whole lot less then what the big guys got his compensation at tstellantis they said give us te same percentage increase, that is what shawn fain the uaw president said to msnbc this is toledo ohio, we have ten, 12, gates they are all surrounded by picketers and shawn fain says the whole two-tier system where some workers make you two,

concerned about inventory and they're trying to build cash to get through this downturn. >> but i think shawn fain the uaw -- that's the point of leverage, though, right? you've been through these negotiations. you came up through the top tiers of the business world. you understand leverage and the point here that fain and his people are utilizing to get to here. they're saying -- they're doing that knowing all of that because they want leverage in these negotiations. >> no question they have the leverage right now. i mean, they look over the fence, phil, they see u.p.s., 40%. the average full-term driver is making $174,000. you look at american airlines, you look at the dock workers on the west coast, uaw is saying, hey, it's my turn. i'm standing in line and all these other companies have been able to get wage increases or a standard of living for their family. so i don't deny the importance of that. but again, we have to have sound mind coming together. we could both stay polarized here and basically shut down ford, shut down chrysler. i like to call them chrysler. and general motors. that's no

we turn to united autoworkers president shawn fain. good morning to you, sir.ou have said that you had reasonably productive conversations with ford yesterday. does that mean they're going to put a more generous offer on the table? >> good morning. thanks for having us. you know, that's up to them. that's -- you know, the reason we're in this situation right now because all three of the big three companies chose to wait, they chose not to negotiate for the eight weeks we had, we started this in july and told them then don't wait until the last minute or you will find yourself in a bad position. unfortunately they chose to wait until the last week to get down and start talking and get serious and that's where we are now. if we don't get better offers and get down and take care of the members' needs we're going to amp this up more. >> progress is slow. will you order strikes at additional plants this week? are you preparing for that? >> we're prepared to do whatever we have to do, so the membership is ready. the membership is fed up. we're fed up with falling beh

when our jake tapper asked shawn fain about that this week, shawn fain said i think there is a lot ofork to be done in that category. i look at fdr and presidents in that timeframe and they did a lot of work for labor. are you concerned about what this means? the union withheld their support for biden so far. michigan's a critical state. >> right. well, president biden, in my mind, no question he is the most pro-union labor president we have had. and we are right now in a fight. and he is leading that to restore the middle class of our country. so it's a process. it's not there yet. i understand the workers' frustrations. but we are turning things around to bring jobs home with the chip plants and rebuild america and be laser focused on the middle class. this is something in process. we need to keep our workers, strengthening the middle class as the focus and i know that that's what the president is doing. >> let me -- senator, let me ask it in this way. could not having the support of the united auto workers for biden's re-election campaign tip the balance against him in michigan? >>

we're talking with the uaw president shawn fain. you have been in that position and the minimalist notions of what is being offered, the delay that he's been very vocal about as well. but you also heard, likely earlier today, the ford ceo talking about farley. he had been blasting that very president, shawn fain, and is claiming that feign is not negotiating in good faith. in fact, here is the chicago tribune editorial board. i want to read a quote about what he has to say. -- feign is the most belligerent union boss we've seen in a long time. my question to you, bob, do you think that shawn fain has gone too far in his negotiating? of course, these aren't member demands. >> not at all you see that bias right away. he is not a uaw boss. the boss -- it is a membership. he was elected by the membership, airports to the membership, he's got a responsibility to negotiate an agreement that he thinks honestly can get ratified. it is sad to me that the companies are not really responding to what he is expressing it to them on behalf of the

if the united auto workers strike demands are not met, union president shawn fain says strikes will takeit's possible for all 146,000 union members to walk out over time. among the union's demands includes a 36 percent wage increase over four years. automakers have responded with wage increases ranging from 17 and a half to 20 percent over a 4 and a half year contract. live now to the bbcs north america business correspondent michelle fleury who is in detroit. (i.michelle, what is the latest? any sign of a deal being done? if you judge by the rhetoric and we heard earlier today it seems pretty unlikely. in part the car—makers have said they had at the office to make it more generous but the unions have said it simply wasn't enoughin have said it simply wasn't enough in the two sides remain far apart and enough in the two sides remain farapartand right enough in the two sides remain far apart and right now we are waiting for the president... michelle, i want to interrupt you. let's go live and take a listen to what the union representative is saying. ear and solidarity _ representative is

does that move the needle with shawn fain?he is about an hour ago on "morning joe". >> this battle is not about the president, it's not about the former president or any other person prior to that. this battle is about the workers standing up for economic and social justice and getting their fair share because they're fed up with going backwards. >> reporter: and as you take a look at shares of gm, ford and stellantis keep in mind we are starting to see the ripple effects, guys. gm may lay off up to 2,000 workers at its fairfax, kansas plant, where they build the malibu, cadillac ct 4. that plant gets stappings from the gm plant in missouri. the uaw is on strike in wentzville. if you're not getting stampings there they're not being sent. that's the latest from out here across from the jeep plant in toledo, ohio. >> phil, appreciate that. phil lebeau in toledo watching the strike. back to sara eisen as we said with a special guest. hey, sara. >> hi, carl. thank you very much. i am here with treasury secretary janet yellen. than

they did in 2020 and shawn fain has harshly rebuked trump. but talk about the rank and file here.mp feels he can peel off more than he did in 2020. is he right? >> i think he's absolutely wrong. workers saw that he didn't do anything for workers. uaw members the statement in lordstown, where he said don't sell your home, don't move, i'm going to save his plant. and he did nothing to save that plant. he did many things to hurt workers, workers' rights to organize, federal workers. it's just a long, long list of ways he helped the wealthiest and did not help workers at all. >> doug, tell us why these visits to michigan, to striking workers, matter so much when it comes to presidential politics? >> i really think it's the opening salvo of the 2024 presidential campaign. you see how president biden and former president trump are beelining it there. because we've spent a lot of time, brianna, talking about a.i. and technology of tomorrow. and this election very well might be about the midwest working class union workers, and how they vote. and both biden and trump understand that. i th

liz: you guys have not gotten the call to strike at your plant, shawn fain the way he is handling this in the standup strike level where it comes in stages with three plants striking he has a lot of press lately, today alone to headlines and i don't know if you saw them we want to show our viewers coming from outlooks that are procapitalist in the wall street journal on bloomberg the wall street journal headline says basically how uaw tossed the union playbook and pursued a surprise attack strategy, bloomberg said how auto executives misread the uaw ahead of its historic strike, give me a sense of how you feel about coordinating with shawn fain strategy and how that is working. >> i think the strategy is brilliant and i think it is fair, we don't want to hurt the company none of us want our company to do bad with the water company makes profit but we wanted equitable share in the profits of the company. i think they weren't bargaining in good faith of the labor charges that were put in and it's kind of ironic after those charges were filed they started coming with offers a multiple off

i think shawn fain and the uaw, they want it this way. they want to keep all three automakers guessing. they believe this is the way to put the most pressure on each of those automakers so that nobody can say, okay, these guys have locked in, here's a general idea of what we think we can get. he wants, shawn fain wants, each of them almost bidding against each other. you want to get this wrapped up? you better come more to the table -- come to the table with more than what we -- you had last time and enough to get the deal done. >> a lot of high stakes standoffs we are following into this weekend. phil, thank you very much. we'll turn to you for the latest. >>> we have a big hour still ahead on this show. ceos of arm, nasdaq and carnival. carnival with guidance coming in weak. >>> we watch the markets on the final day of the quarter. s&p 500 and nasdaq on pace for the worst days of the month. the s&p close to session lows. up 18. ve hearing aids from another company... i was just frustrated... i almost gave up. with miracle-ear it's all a

and yet we saw shawn fain come out late last night with this new deadline, noon on friday, saying morego on strike which would mean more facilities may shut down. you heard him say, he said it would mark a week of really little progress in negotiations, really pointing the finger at the big three. so again, it says little progress is being made at the table. we know there's no main table negotiations happening today. they're scheduled with general motors and ford tomorrow and stellantis on thursday. right now nearly 3,000 workers across the u.s. are on strike. i want to actually bring one of them in right now. annette, you want to join me for a second. you're the strike captain here. i want to get your thoughts on this news, shawn fain's announcement yesterday, that more facilities could go on strike this friday if there's not progress. what do you think? >> it's a scary situation for toledo and detroit. for the big three. this is the moneymaker for all of us. so, we need to -- we need to -- you need to -- >> reporter: it's okay. are you worried that there hasn't been much progress at

joining us from detroit, the president of the united auto workers, shawn fain. thank you so much for joining us. you stood next to president biden today as he became the first sitting u.s. president in history to join a picket line. what was it like, seeing him there, wearing a uaw hat? >> thank you, wolf. you know, it was a great thing for our members. today was about our membership and their fight. people understanding that fight. and so, you know, it was a historic day. the fact that a sitting u.s. president visited a picket line for the first time in our nation's history -- that cannot be minimized. it can't go unnoticed. it's a very important time in our history. this is a very important fight we're in. this is a fight for the future of the working class. >> the president has joined you on the picket lines. he appears to also have expressed support for your union's demands for a 40% pay raise. but you've declined, at least so far, to endorse him. why? >> well, you know, wolf, first off, our focus right now is 100% on the fight for our members. you know, tod

that's a big part of what shawn fain does.where some plants have been forced to close down. i know at least one was forced to close down and lay off workers, they go on the government payrolls, right? they go off and file for unemployment. >> one of two things they can do, becky. the uaw has said, if you rn laid off, you are a uaw member, you can apply to the strike fund, which is $500 a week. or you could go to the state government and say, i want to go through unemployment insurance. kind of depends on, do you want to go through the whole process? is it easier to go to your uaw local union hall and say, i got laid off? they know who's been laid off and say, okay, i'll take the $500 a week. >> do the big three or the union do any polling? i think at this point it seems like we're at a point in time where the public is kind of with -- even people you wouldn't think would necessarily be with the workers this time around. at least the narrative about all the concessions during the financial crisis. even 40%, and maybe that might

john thain -- shawn fain was there to welcome him. mr. told workers they were entitled to much more. pres. biden: you should definitely companies are doing incredibly well and you should also be doing incredibly well. you deserve a significant raise and benefits. >> uaw workers have walked out and america's big three carmakers. their demands include a 40% wage increase and a four-day workweek. the strikes began september 15 with local members walking out of three plants. a week after, the union expanded its strike against all distribution centers in 20 states. it is now the 12th day of the strengths and there are warnings of more factory shutdowns. donald trump will also make an appearance at the picket line in detroit on wednesday. so far, the uaw has declined to support either candidate. for more, i am joined by the vice president of the local 51 uaw chapter from detroit. great to have you. what did you think of president biden's message today? >> it was good, followed in line with what shawn fain has said. >> listening to what presiden

and our president shawn fain, he's taken control of that.really needs to stay out of this. this is about the workers and the billions of dollars that we have made for these big three companies, and we still need to focus on the workers and what we are entitled to. >> i remember back in the day, when ford was haven't real trouble, and then we got into 2007-2008 financial crisis, when car companies were in trouble. they went to u workers and, said we need you to help us. we need you to help us get through this. and the uaw agreed to do that. and now you're asking for 30 plus percent increases over four here is. and when shawn fain was asked about that, he said, take a look at what our bosses are. and take a look at what our ceo earns. you're asking for your piece of the pie back, and the companies are saying, that too much money. >> yeah, they have gotten 40% races over the last decade. and actually, the big three ceos, they make 386% more than the average worker per here. that's outrageous. 2009, when we gave up or concessions and we started

what is the incentive for the uaw and shawn fain to settle?y transition has to happen. the big three have to transition. this is also a president when he was vice president was involved in bailing out the automakers and saying they were too big to fail like the banks. if i'm the uaw, the transition has to happen and the government will not let the automakers fail. if there is a real problem here, bigger subsidies for electric vehicles. you will not let the companies fail. we can push as hard as we want given that context. i think the essentials are poorly aligned here for a short strike. >> you don't seem surprised this has got even to be contentious and drawn out? you are saying the auto workers have most of the chips in their favor? >> what do they fundamentally believe? they believe that this transition, you know, could cost jobs if the cars are simplers. they view it as an existential risk. they look at automakers who supposedly have to make the transition and there's no way given what we saw during the great recession that the government

shawn fain would not shake hands of the ceo.transparent announcing the offers on facebook, live online. i think to your point yes, because president biden huge part of his agenda is fighting climate change by pushing much vacation and creating green jobs that are middle-class and whether or not he can deliver on that will come down to what this agreement looks like. former president trump fully aware of anxiety that autoworkers feel about education and how their jobs can change. the wages can go down. jobs. there's a lot of security there. he's working hard to make sure there's a good outcome. matt: president biden has said a couple of times there were not be a strike and he said he's the most prounion president in the history of america. does he get involved here and back the workers? gabby: i think he is limited in what he can do, legally, but i think -- he needs the success of the automakers just as much. if the automakers do not have a deal that a sustainable, then they're not going to support these jobs in the future. i do

but i trust shawn fain. i think he's done a great job. you know, every contract ends up in some kind of compromise. this one will, too, for both parties. where that fits into that we'll see. >> and how is the strike in your area impacting other businesses and other plants in the community? if you have seen that effect as of now? i realize it's only day one. >> yeah. first i've -- i've seen that firsthand. local 12 is what we call amalgamated local. we have contracts with 42 area cultures. 1 -- companies. 12 are shut down now because of jeep being shut down. we have companies that make our seats, companies that put our tires on the rim, companies that make our instrument panels. we have companies who do our frame construction. so all of those plants that i represent in local 12 are dark today because of this. so those people fortunately will be able to go on unemployment. but it is difficult to have that many of our company shut down. >> all right. uaw local 12 president bruce bumhauer, wishing you best of luck. hope the strike ends quickl

and shawn fain basically told them to pound sand, send the president instead to stand with us if you really want to do something for us. and they actually went along with it. and fain is withholding the uament with endorsement right now from biden. that historically has really been important for democratic candidates. i mean, how much is that weighing on the white house's thinking wanting to get their backing in a general election? >> i think you're right. initially to -- gene sperling and also the acting labor secretary had said that they had plans to go out to some of the strikes to help coordinate some of the negotiations. and that backfired. and so now we're at the place where the president is going out there themselves. i think the union endorsement is something that the president wants. historically large labor unions have backed 2democrats. the president has already wracked up a number of key endorsements from labor unions. but i think it goes beyond the union brass endorsing the president. teachers unions and the like have stood up behind joe biden. but it is more about those

this morning, shawn fain invited president biden to visit the picket line. whether or not these future ev jobs are good is critical not just to the uaw and these workers, but also it is going to be a huge issue in our presidential election for the coming year. ed: gabby coppola, so good to have you here on "bloomberg technology". coming up, the broader health of the tech sector denise chisholm. i love having her on the show. this is "bloomberg technology". ♪ sweat isn't sweet. it's salty. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops w

union president shawn fain spoke earlier on the lack of movement in negotiation.t four years. both of those companies have rejected all of ourjob security proposals. both gm and stellantis rejected our profit—sharing proposals, and both companies have rejected our proposals to convert temps. president biden has announced he will visit the striking auto workers on tuesday. a short while ago, i spoke to our correpsondent michelle fleury in new york. michelle, where did the negotiations go from here? will the president's arrival on the picket line make a difference? look, i think you've got the white house, and the focus from them, as you say, president biden during the picket line next week. he got donald trump who is potentially the republican presidential candidate next year. and he has said that he potentially will go to detroit next wednesday. so given this focus, i think that adds to the pressure. but if you look at what is happening, you've got shawn fain, the president of the uaw, basically praising forward for the progress that has been made and castigating

shawn fain said in the beginning that was definitely a no go.we haven't seen a lot of wiggle room in that key demand. you see the numbers, the difference there. all of that in the low 20s ballpark at this point. and again, we're on day four of the strike. you see the workers back out on the picket line. just as many as they were on day one. you hear the support, you hear the honking as drivers go by here. we haven't heard, you know, any sort of like weakening strength on their side of it. and shawn fain, as you have been seeing has been doing interviews all throughout the day. he talked on "morning joe" and said they have a long way to go. he put bridging the gap on the backs of the big three. doesn't seem to be a lot of wiggle room. we are just four days in, and where this goes next is sort of anyone's guess at this point. >> thank you very much. joining us now "new york times" chief white house correspondent and nbc news political analyst, peter baker. good to have you. how was the white house dealing with this? i heard this they have been in

union president shawn fain. >> our members are fed up.bers deserve more, and if they continue down this path, then, you know, we'll continue to amp up our strategy as far as striking goes. >> reporter: uaw is currently seeking up to a 40% raise over four years as well as job and cost of living protections. the union rejected offers from ford, general motors, and chrysler parent stellantis centered around a 20% raise. >> we've been under the thumb of these billion dollar industries for a long time, and we're fighting back. >> reporter: so far, just three plants have been targeted, limiting the economic impact. >> i think it's premature to be making forecasts about what it means for the economy. it would depend very much on how long the strike lasts. >> reporter: already affected is the northland chrysler dealership in oak park, michigan. 70% of their customers are uaw workers. >> you may not have inventory, but you also may not have buyers. >> correct. not having a paycheck for a week is an impact on the buyers themselves. so they're not g

the optics of the president, shawn fain, the uaw president, will be significant.we are still waiting for air force one to leave washington and head here to michigan. >> thank you both very much. with us now to continue our conversation, a tiffany simmons, and she is joining us by phone. thank you for being with us once again. what do you make of the president's decision to visit michigan today and join the picket lines? >> wow, we appreciate the support. the support is overwhelming and it's monumental to not only have a sitting president but a former president decide to join the movement. we are very appreciative. we want to make sure the movement stays at the frontline of the news or of the talk. >> how do you make sure the focus is on the fight for better pay and working conditions as opposed to the politics of this? >> well, that's why we have boots to grounds and we have all of these workers that are walking these lines every day. these picketers and these protesters, that is the -- that is how we keep it at the front, at the center, at the frontline. the poli

right back to our phil lebeau with uaw president, shawn fain.l, over to you. >> reporter: thank you, frank. we're outside of mopar parts and distribution center. shawn, why the parts and distribution center for the latest round of strikes? >> they've been stepped on a lot. they're one of the tiers we're talking about. one of the objectives is ending tiers. anyone who hires in since 2015 is capped atted 25dz an hour, making less than our typical workers are in big three plants. it's time we end that. they deserve their share of economic justice just like everyone else does. >> reporter: when we talked with stellantis earlier this week, owning mopar, they said if we have to close down facilities taus because we're trying to make a more efficient organization. what do you say to that and the possibility whether it's this or another one that they want to close down? >> they shunouldn't be closing any. this is the part they're not getting and the world needs to know. >> reporter: they say the workers will still have a job but not at this facility. >>

something uaw president shawn fain finds pathetic. >> the pathetic irony that the former president is going to hold a rally for union members at a non-union business. you know, all you have to do is look at his track record. >> to that point, trump made a lot of promises to autoworkers it in his first campaign. in 2016 he said this in warren, michigan. >> if i'm elected, you won't lose one plant. you will have plants coming into this country. you are going to have jobs again. you won't lose one plant, i promise you that. >> that's the promise in 2018, gm ended facilities in michigan. >> in 2017, listen to what trump said. >> and i was -- i was looking at some of those big once incredible job-producing factories, and my wife, melania said, what happened? i said, those jobs have left ohio. they're all come back. >> they didn't. two years later, that auto plant shut down. it was one of the largest employers for workers in that entire area. autoworkers union president shawn fain pointed out during a short strike against gm in 2019, trump and republicans largely stayed on the sidelines. al

>> reporter: remember, shawn fain was selected by fewer than 1,000 votes.a mandate. it is not as you come across every uaw member saying fain is putting our efforts in 1100%. we want the best deal possible and some understand the leadership has to fight for the best deal possible. becky, i'm telling you when you tell somebody we could get you a 20% raise, there are a lot of members who will look at that and say it's not bad. in the past, we were only getting 3% or 4%. >> or go on strike and get nothing or hope for more. >> look, becky, you will end up between 20% and 25%. everybody i talked with within the auto industry and the companies, they all said we will probably see these guys between 20% and 25%. closer to 23% or 24%. >> i know you are doing your best to get these guys on. i love to have farley on. i saw the interview the other night. he is amazing to talk to. he reminds me of a guy you can talk to which understand the hourly. he understand -- i'm not saying he is a blue collar guy. i wish we could get him on. >> reporter: we will hear from his comm

. >> reporter: and the head of the auto workers union, shawn fain, said that more factories could gostrike in the days ahead depending how the negotiations play out. >> thank you. >> joining me is the executive director for the center for labor and a just economy at harvard, sharon block. thank you so much for being with me. you know, when the uaw characterizes their talks with ford as reasonably productive, it reinforces that this is not one big conversation with four players. these are three individual negotiations and conversations. how does this unprecedented trio of strikes influence uaw strategy, but also the individual automakers and how they approach these negotiations? >> sure. and you're absolutely right. this is an unprecedented strategy. so we're all just speculating as to how it's going to play out. but i think as shawn fain has said, one of the benefits from his perspective of the strategy is that it gives him maximum flexibility. i'm sure he is now thinking about what the next step is. is he going to ask his members at other facilities to go out on strike and now he ca

we heard from shawn fain the uaw president who made a threat that the strike could get bigger.ere's what he said on the uaw website last night. >> if we do make serious progress by noon on friday september 22 more locals will be called to stand up and join the strike. >> automakers also pushing back this morning, ford overnight appointing reporters to the per our labor cost they say right now there's putting $66 an hour with benefits for labor, nonunion tesla $45 if they meet the unions requirements and would go up to $136 an hour they just cannot afford that. ford is losing over $4 billion this year on ev's is another big issue on the strike, workers are concerned this morning and have been concerned for some time and it takes a lot less labor to make ev a nice powertrain component for gas powered car, 2000 of them right now for an electric car about 17. we talk to workers on the picket line yesterday about the 40% pay increase that they're asking for, here's what one worker told me. >> 40% is a lot but it didn't seem to be a lot first atlantis to give their ceo last year end

they are very disappointed shawn fain is speaking out, and i spoke to mary berra the ceo of ford asking about the demand of the 40% increase over four years, and they are tying it to the ceo pay. this the exchange with mary berra a few moments ago. >> the union is asking for a wage increase of 40% over four years, and they asking that, because of the ceos like the big three are making those big pay increases over the last four years, and you have seen a 34% increase in the salary, and you are making almost $30 million and why should the workers not get the same type of pay increases that you are getting leading the company? >> 92% of my compensation is based on leading the company. the aspects of compensation for representative employees is designed not only are we putting a 20% increase on the table, but we have profit sharing. so when the company is doing well, everyone does well. and for the last several years, it has resulted in record profit sharing for the representative employees, and we need to look at the whole competitive offer on the table, and that is why we want to get this

shawn fain is our guest after a very short break.y short break nicole: my daughter, natalie, she is the youngest of my five children, and she has neuroblastoma. she really didn't have any symptoms until one day she just stopped using her arm. andrew: by the time we realized that she was sick, it had grown into about a softball sized tumor and spread through her bone marrow, her lymph nodes. so it's a very fast, aggressive cancer. nicole: so we came to st. jude and learned how much hope there was and learned how much they could do for natalie here. [soft horn music playing] narrator: you can join the battle to save lives by supporting st. jude children's research hospital. families never receive a bill from st. jude for treatment, travel, housing, or food so they can focus on helping their child live. andrew: money wasn't even an issue. we just did the best treatment for natalie. nicole: it's the donors who have already taken on that burden on their backs and said, all right, we've got this. we're going to pay this bill and make sure

the president balked at that and is now going to be going after shawn fain, the uaw president invited the white house is trying to figure out who the president shawn fain is and the president doesn't have a long relationship with him. he's a bernie progressive, right, and it's made it more complicated and when the president gets out there this week as you speak to democratic allies they say two things, one, this is the most obvious thing to the president and core to who he is, and two, they acknowledge this is a bit of a risk because by going to the picket lines you also potentially own the outcome here and if it's not the one that the uaw workers like, perhaps, it could be a problem. it is a delicate, tricky political scene. >> fascinating point. let's turn to the shutdown, speaking of owning the outcome. republicans are deadlocked. leigh ann, it doesn't look like there is an end in sight? how does this end? are we headed to a shutdown? >> we absolutely are headed to a shutdown. this is a shutdown because republicans cannot agree. it's not a shutdown because there's a disagreement be

we talked to shawn fain about that when we were outside of detroit last week.e people, they don't want to be moved to another location where they might open up a larger distribution center. so those are two separate issues within any proposal and counterproposal between stellantis and uaw. and again, uaw has submitted a counterproposal to stellantis. we'll let you know if we hear anything. >> thank you for the update. time for today's three stock launch. we're looking at stocks in sectors at or all near oversold levels based upon their rsi or momentum indicator. relative strength index. first up is simon property group, it falls under the real estate sector which is down about 8% overall this month. so here with our trades is david trainer from new constructs. real estate has been a hot topic given interest rates. what about commercial side of things? >> yeah, simon property is one of those great companies but not so good a stock. i think that they have one of the best portfolios in the business of all the malls out there, they are usually the owner of the ones