regional leaders u.a.w. workers are determined to draw the wine on wages health insurance cost increases and management exploitation of temp positions that action by u.a.w. workers does not affect their status under existing collective bargaining agreements with the other 2 of the famed big 3 u.s. automakers ford and chrysler g.m. workers so any gains despite describe the work mood among workers you'll hear another know. you say we. gave. our to keep this company running and now this company is making record profits they're making now off our labor they don't want to even give any bag what they want to take and that's not right this after betrayed. experts say both sides will feel pain from a long strike u.a.w. workers have a strike fund of $850000000.00 from which they will receive $250.00 in weekly strike wages meanwhile industry experts say g.m. will lose about $50000000.00 each day the strike goes on general motors stock fell more than 3 and a half percent in monday morning trading. and there was a dramatic thou

regional leaders u.a.w. workers are determined to draw the line on wages health insurance cost increases and management exploitation of temp positions the action by u.a.w. workers does not affect their status under existing collective bargaining agreements with the other 2 of the famed big 3 u.s. automakers.

over several key issues, including higher wages and limits on the use of temporary workers. the u.a.w some soncessions it made in 2009 to help g.m. through government-led bankruptcy including lower pay and benefits for new workers james cotton was on the picket line today in detroit. >> a few years back, we gave up a lot to keep this hse open and all the houses around general motors. and now that they're making more money than theever have, we feel like we should get some of that stuff back, like cost of living and things of that nature. >> reporter: last year, g.m. posted nearly $12 billion in profits. but the automaker says it needs to slash costs as it pivots to future technologies like electric cars and as sales decline. last year, isaid it wasra closing seplants including this one in hamtramk, micha an-- decision that president trump heavily criticized. late last year the newshour's yamiche alcindor went to hamtramk and spoke to one auto worker who said her job was herw ticket to the middle. >> i never made this much money hourly before in my life. ali never had these great benef

u.a.w. represents tens of thousands ofa workers anbe this isn't reflective of the entire organizationbut it ble for them to be b negotiating at the same time they're under investigation by the federal govnment. >> reter: earlier today the u.a.w. said, g.m., if you had given us this of earlier we might have avoid this strike. any sense of how lonthis might go on? >> you have to ask yourselouif this is the case of an unreliable narrator on both sides. i'm not sure when the official best offer was really made on each side, who camto the ble first, it's tough to say. i think at this point doesn'tre seem like theiles apart but they're n inches apart either. i think you have a little time to go. >> reporter: nathan bomey of chsa today," thank you so >> thanks. >> woodruff: as we mentioned in the news summa, airstrikes on o major saudi oil facilities over the weekend disrupted markets. but it's also hehtened tensions between the united states and iran.st the u.s. blames the regime i tehran for the attack and has reportedly shared intelligenceau with thes to back up that claim. the newshour's lisa d

. >>> u.a.w. workersamerica's biggest automaker the latest on the nationwide strike against general motors is straight ahead. >>> later, with stocks near all-time highs, will the latest developments on the geopolitical front derail the stock market? stay tuned, you are watching "squk x"n bcawbo ocn some of ths been omitted to avoid spoiling this is us for the few who haven't seen it. season 4 of this is us is almost here. to catch every past episode, just say "this is us" into your xfinity voice remote. like the one where i... [ buzzer ] or the one where we show... [ buzzer ] when he was a... [ buzzer ] plus you can watch this is us anywhere with xfinity stream app. especially the... [ buzzer ] episode. awww, that one's my favorite. catch every episode of this is us with xfinity. >>> what's the impact with general motors the estimate from the analysts at credit suisse, the production 7500 to 8,000 vehicles a day that are not being built they do have plenty of inventory, but that production over time, thos

u.a.w. local 12 which represents toledo area jeep. car workers specifically and they showed up in support of the us a w 15 workers which are the ones there that are going against g.m. interestingly enough the same union the u.a.w. so this isn't just showing like oh we showed up but we waved and we gave them high fives and that was it this same union actually did a walkout. earlier this year to support mercy health and medical center in toledo ohio when technical and support staff who are a part of their union were fighting for better working conditions so i think it could backfire when a lot of economists and a lot of people are saying like well they've got tons of stuff well if they did they wouldn't have to lay people up if they did they wouldn't do that so we'll see how it all plays out are underestimating him all right as we go to break court watchers don't forget to let us know what you think of the topics we've covered on our social media be sure to watch your speech was over was spotted by awful news are going to everywhere you go in the p

$1200.00 workers temporarily again at the ocean isle plant in ontario canada and workers there are not part of the u.a.w. union they're going to be ok but again they're temporarily laid off now business is an economic experts have crunched the numbers on this and they estimate that g.m. is going to be losing between $50.00 to $100000000.00 per day now take a look at this chart here so the last time that g.m. went on strike the workers there it was in 2007 and the it was for 2 days and g.m. lost 23000000 now conservatively conservatively if you want to say that g.m. is losing 50 mil a day by the end of day tomorrow they're going to lose 250000000 in a week which is monday 350 in 2 weeks 700000001 of the longest strikes ever was back in 19081000 workers 54 days g.m. lost 2000000000 now today if this were to go on for 54 days they g.m. could potentially lose 2.7 or up to 3. $3000000000.00 so again it's one of these things that they're going to be losing a lot of money the longer this goes on. and on the 2nd day of the strike the g.m. bosses decide to step on some throats and cut off health insurance benefi

decide to step on some throats and cut off health insurance benefits to striking workers and short the cost of the u.a.w. which will now have to try to pay strike wages and health insurance benefits out of the strike fund a labor relations expert a cornell told usa today regarding the cut off that he said they're pouring gasoline on the fire she thinks this will scare the workers or get them to rethink the cost of their benefits i think it's going to backfire it's quick ration insensitive where the 2 sides right now on this divisive issue well after the end of day yesterday with negotiations they said that they only greed on about 2 percent so we still got another 98 percent of it to go if we're keeping with the theme of math here but you know what the problem is is that the u.a.w. right now they have 4 percent of their health care covered and g.m. wants to raise that to 15 the national average is 29 percent so they would still be getting a great deal but you know g.m. only made 35000000000 in the last 3 years and they're seeing a downturn and they expect this downturn to go into 2020 so they're trying

u.a.w. once again called for a strike that now has over $45000.00 workers picketing the auto giant and the days following the strike to kick off general motors has stopped paying their share of health benefits for employees and are pushing the cost onto the union and what many are calling leverage against the strike however it isn't stopping workers who are now seeing temporary nonunion workers often called scabs brought in the plants and threats of arrest here is u.a.w. member shawn crawford with a view from the flint michigan picket lines over a decade after the historic plant set in everybody has been showing your support we appreciate it. they're talking about possibly arresting dictators right now for blocking traffic in preventing scabs and what is the plan with truck assembly. joining us now for the latest on the u. a g.m. strike is r t america correspondent fair and proper thanks for joining me here a lot has happened since i was here on monday right it's incredible how much you know what's taken place last $40.00 just up on this and actually a bit of a question is how much could this c

red and they run the company while unionized worser workers asking for profit sharing was an accidental threat to the free market system here is then u.a.w. president walter walter ruther a serious response to mike wallace well you'd have a very difficult job convincing ford workers and chrysler workers and general motors workers who are unemployed that they don't risk anything but they don't suffer a loss when the company's in band in bad condition they also suffer but here's the thing you need to understand that this principle is being applied in seward in general motors in chrysler's the executives are carrying in the profits now they're not sharing in the profits as stockholders they're sharing in the profits as employees because they run the company but they're still employees they're high paid employees. over 60 years later at 11 59 pm on sunday september 15th 2019 nearly 50000 members of the united auto workers union went on strike shutting down some 33 manufacturing plants and 22 parts distribution warehouses from michigan to texas. and profit sharing low wages and exorbitant c.e.o. salaries are at the core once again joining us

saying they will continue to pay for health coverage for striking workers after previously saying they would put those expenses back onto the u.a.w. the un union had previously said they expected to pick up the cost out of the strike fund if the strike were to commute continue for an extended period of time. self-aware robots similar to movies like the terminator and blade runner may 1 day be a reality according to a claim japanese roboticist hiroshi is. in japan japan robots are commonplace helping with past like cooking and physical therapy a girl who has already created it android version of himself so that he would spend on business trips believes that breakthroughs in tech and ai are moving us closer to robots that we see in movies as a scientist i hope to develop self conscious robots like you see in blade runner to help me understand what it is like to be human that is my motivation he told a.f.p. while there are many who fear this innovation he added that american filmmakers seem to paint a negative picture of the robotic future adding that i can understand why hollywood want to destroy robots look at the japanese cartoon

u.a.w. is calling today "solidarity sunday" and is asking the public to join the picket lines to show support for the striking workers. phoebe wall howard covers the auto industry and labor for "the detroit free press," and she the strike.w for the latest on so i understand that democratic presidential candidate elizabeth warren joined the picket line today. how did her visit go? >> well, from what we understand, she actually met with labor leaders prior to meeting with members, and when she derioit, she met primarily with members.ou it wasn't giving a speech. she made slight remarks, perhaps not even ten minutes.re but hu of people, ndreds, came to this location,s and her remacused on what she said holding general motors accountable.by anhat, members say, this bailout during themiceived a downturn from taxpayers, and today is seeing record profits as executive wages continue to grow. the workers say, uh, you know, it might be time to revisit their benefits, and their pay as well. >> thompson: how are they doing? how's morale >> what's interesting is workers say they're not angry. they're sad. they're very serious ab

workers needed to keep the vehicles running once sold. which, in turn, means fewer profits for dealerships and their mechanics. and yet, along the picket line. u.a.w. member karen huffman thinks there's a bright side. >> you're always going to need people to build these vehicles. >> reporter: analysts say the coming transformation is undeniable. >> we know that eventually electric vehicles, autonomous vehicles, new ways of us acquiring personal transportation is going to happen. we don't know when that will be and we certainly don't know when anyone's going to make money on it. >> reporter: big questions in need of answers-- and not just for autoworkers. dean reynolds, cbs news, detroit. >> diaz: here in new york, a landmark united nations summit on climate change takes place tomorrow. yesterday, teen activist greta thunberg of sweden-- who's mobilized millions of young people-- received a raucous welcome. many world leaders will attend, but the united states is sending only a low-level state department official. a 65-year-old lebanese man is under arrest in greece tonight, a suspect in the 1985 hijacking of t.w.a. flight 847. this photo of pilot

u.a.w. negotiators. more than $7 billion in investments creating more than 5,400 new jobs, boosting base pay, lump sum bonuses and improved benefits. now, without an agreement, workersre looking at strike pay of just $250 a week, far less than what they made on the >>'ve had 34 years at g.m. >> reporter: and it's come to this. >> it's come to this. >> reporter: kind of tesappointing, isn't it? >> it sure is. >> reporter: now, while g.m. may hold the upper hand in this, strikes are not painless. various estimates peg g.m.'s losses at 50 to $100 million per hy for as long as the strike lasts. norah? >> o'donnell: wow. we're wondering how long it does last. yoan, thank you. elopto an important development in the legal battle over opioids. last night, purdue pharma, the maker of oxycontin, filed for bankruptcy protection. the company says that will free up to $10 to $12 billion to pay state and local governments. the money would be used in part for treatment programs. 24 states have agreed to take part in the settlement. others plan to move ahead with a lawsuit against purdue and its owners, the sackler family. now building was leveled by a propane explosion. it narrowl

workers confidence. desire on both sides to avoid a strike. for general motors it would be disruptive. unclear if the sales with be regained. u.a.w. and members it is costly and they want to see job and a successful company. so both sides want to avoid a trike but it is clear the possibility of a strike is much past reecein the -- arrest past and it is the saying they are prepared could provoke a settlement before sides want to avoid that. thank you for your expertise. i.p.o.'s.k about ome are coming even if we discu discuss. we have a provider of research. [inaudible]. set the expect for us. even though we worry about it is high i.p.o.'s there are plenty along.rs coming >> we have seen some good signs. e have seen some i.p.o.'s bolster price range and some of hem are indicating they were higher. o after quiet summer and problems the market is coming a busy it could be september. >> when you look at sort of i drama going on action we it with have soon in uber, lyft and -- and ve seen in uber, lyft some of the most watched i. pfppi.p.o.' what is aying more oing on here in the second d -- secondary market or how they are being value

u.a.w. negotiator saying a deal must resolve sticking points. among them, wages for entry-level workerss. nearly 50,000 g.m. workers are on strike. it's estimated the walkout is costing the automaker $50 million a day. global news 24 hours a day, on air and on twitter, powered by more than 2700 journal sandizz analyst in more than 12 countries. this is bloomberg. tom: thanks so much. let's do a data check. we want to get to professor shiller here, a lot to talk about on the american social economy. futures at negative four. dollar stronger over the last number of day, off of saudi arabia. the next screen, both oils. west texas, brent crude with a dash to 69. we didn't get to $70 a barrel. we pulled back in the last hour. as well.n, 108 francine: european stocks are drifting. again, investors weighing the fallout from the drone attack on the oil facility in saudi arabia, and what it means for the price of crude going forward. treasuries up with the dollar. i'm also looking at pound weakness, as the prime minister and his lawyers are preparing to defend his brexit strategy before the u.k.

driving by showing their support for the workers here what's happening behind me is the ongoing talks of those iconic general motors buildings they're meeting with u.a.w. right now but really what the from their public statements it seems both sides are pretty far apart for the company's perspective they want the workers to pay more of their health insurance costs the union says the company is using too many temporary workers they want to see that number decrease and they want to see g.m. roll back their plans then so they really should shutter about 5 factories in north america trying to streamline the process that was going to cost thousands of jobs they want them to reverse that decision at least a copy of plans and they want more money their argument is wasn't the federal government battled out g.m. it was here right before the recession that it looked like the company was going to go under the u.s. government gave them $33000000000.00 so that that wouldn't happen jim become incredibly profitable 8000000000 dollars just last year these workers here say they want to piece of that. and we're talking about a nationwide strike camp patty involving wel

took are picketing in solidarity with other u.a.w. workers at the empty plant. reporters asked them why and they answered brotherhood, brother and sister support. workers who transferred to other plants in michigan and missouri and kentucky and indiana are coming back to join them. that's what the labor movement is all about, brotherhood, sisterhood, solidarity. the recognition that workers should have a voice and should have a share in the profits that they create for their companies. g.m. made more than $10 billion. that's 10 billion. $10 billion in north america in 2018. it's u.a.w. workers who made that money for the company, but what's g.m. do? they shut down plants. now they have thrown striking workers off of their health insurance. we heard one worker at local 14 in toledo who said his 4-year-old daughter chesney had a doctor's appointment scheduled for next week to check on the tubes in her ears to help her hear, but g.m. canceled that family's insurance, so they had to cancel the appointment. that's what's happened. it's despicable. g.m. needs to agree

in large part because so many workers like u.a.w. members were willing to give up something at the bargaining table. some people said that -- in some cases, clearly some people in this town wanted to abandon that company. now that times are better, all workers are asking for is their fair share. so far, g.m. has not treated these workers as the critical partners they are in our auto industry. look at what g.m. has done in my state. look at what they did in lordstown, ohio. the company shut down its most productive plant in north america. by g.m.'s own measurements, the lordstown plant near youngstown, ohio, where as recently as two and a half years ago back during the obama administration, two and a half years ago, 4,500 workers were working there, and even though president trump said don't sell your homes, these jobs are coming back, they have been laid off. hundreds of workers, 4,500 over the last couple of years. at the same time, g.m. announced they were going to build the chevy blazer in mexico. g.m. could retool that lordstown p