that is one of the significant things i think about the uaw's calls for a cease-fire, they created aorking group that is going to look into the uaw's own investments in israel and talk about potentially divesting as well as talking about when they say just transition they're talking about in the arms industry because the uaw represents thousands of workers in u.s. weapons factories the weapons that are being sent to israel. if we want to talk about shutting down the actress, we also have to talk about what happens to the people who work there who are union members. dresimilar to fossil fuel workes will be transition to a green economy. back in the 80's and 90's, calling for an economic conversion from wartime economy to peacetime economy. the fact the uaw's new leadership under president shawn fain has committed to trying to work towards these goals, i think it is probably more significant than the calls for a cease-fire. after all, cease-fire is the bare minimum here. amy: bill fletcher, i what to bring you into the conversation. your new piece is "gaza, biden, and a path forward."

the historic negotiation and contract uaw won is a victory for a lot of autoworkers. also, i think, has put some unique pressure on the companies, and working with the leads of those companies, i think they have -- simply as a result of the contract, but as a result of what is going on in the economy, we are seeing continued investment in electric vehicles but the accelerion is not as quickly as some hoped. because of a lot of the politics around ev's, the adaption, the range anxiety. we know this is a global issue. but certainly i am not surprised that people are equal weighting the negotiatio with that. it may or may not be related. these companies are some of the white-collar jobs. i think they are changing and what they are anticipating, and that is why the re-skilling of our workforce is so important. building ev's even if it is slower than projected requires a different set of skills. skills for all peopl especially autoworkers who need different skills. >> are you concerned aut the speed of the transition? you mentioned it's going slower than some would like. >

is simple, the uaw has your back.our back. and our message is clear to — has your back. and our message is clear to the companies, an attack— is clear to the companies, an attack on _ is clear to the companies, an attack on a _ is clear to the companies, an attack on a worker anywhere is an attack— attack on a worker anywhere is an attack on workers everywhere. if you come after one autoworker, your coming after— one autoworker, your coming after all— one autoworker, your coming after all of us. gf one autoworker, your coming after all of us.— after all of us. of the activity _ after all of us. of the activity experienced l after all of us. of the i activity experienced by after all of us. of the - activity experienced by workers ranges from surveillance to harassment, threats and intimidation, confiscating, destroying prounion materials in the break room. volkswagen says it respects workers' rights seizure represent their workers' rights in the workplace and takes claims like this very seriously will investigate acco

the uaw has your back. and our message to the companies is clear.nywhere is an attack on workers everywhere. if you come after one order worker, you are coming after all of us. according to the end the activity experienced by workers ranges from surveillance to harassment, threats and intimidation, to confiscating, destroying and prohibiting prounion materials in the programme. volkswagen says it respects a worker rights determine who should represent the interests in the workplace and takes claims like this very seriously and will investigate accordingly. uaw membership is half of what was edgy thousand one and stands around a quarter otherwise at its peak in 1979. in response to the union claims honda has told the bbc it does not interfere with workers at�* rights to in activity and beyond i responded with a statement to say the union did not present an accurate picture of the offence. in other business news making headlines, hasbro says it will cut another 900 jobs around the world. the announcement is nearly a year after the maker of monopoly an

. >> one factor a talking point we had strikes get resolved uaw sag strike indeterminant expected tois report. so i want to point that out, here is piper sandler one fiem offset revolvers uaw sag strikes could add roughly 40,000 workers to friday's tall kwlooi we expect payroll growth to maintain well-established downtrend 30-year mortgage rates down for 6th week in a row to 7.03% lowest since august really the interest rate sensitive groups that have been most affected by rising interest rates not necessarily the a broad economy are you surprised? that we haven't seen a big impact from higher interest rates 11 rates from the fed? >> a little bit, you know, these things sort of have john probably the hash out the -- the specification but i feel like this some sort of, quote/unquote lag effect those sort of things i think more interesting aspect money being spent talk about spending construction, manufacturing numbers may be subpare some other months, so there is also a weird disconnects particularly cash funneled into economy of policy that dint immediately seem to correlate with dat

and in the end, all three u.p.s., the uaw, and s.a.g. a lot of what they wanted at the end of the day. because they pointed back to those three reasons of why they really felt like their workers deserved so much more in these next contracts. >> one of the big sticking points in both the writer's strike and the actor's strike was artificial intelligence, ai and the role of ai and compensation for all of that. how do you think that plays in the new year and going forward in labor and tech negotiations? >> we're in the age of artificial intelligence. companies, businesses, all of us are grappling with what this means. in terms of these negotiations with actors and the writers and the studios, this was the sticking point. for the actors and the writers, they said that this was an existential threat to their livelihoods. in many ways, it was. chatgpt could write scripts, a lot of the studios could use artificial intelligence to re-create actors in the background. and the actors and the writers fought tooth and nail to get protections in their

again, take the out the uaw chains going back to work, and manufacturing hasn't seen much job growthack to retail, liz, consumer borrowing in october is now up about 9% year-over-year. sorry, that's a november number. 9. consumer spending and retail in october, which is the latest month we have, was only up .2%. so it's all about the consumer now. that's what's been driving our economy. the question is, are consumers now laden with debt to the point where they're really going to sort of roll over in the fist quarter? that's what i think's going to happen. elizabeth: interesting. you know, liz, the other thing too is "the washington post" workers and reporters, the workers are going on strike, right? the workers want higher wages. liz, they're saying they want higher wages because of record inflation. that's what the washington post is saying. and now biden is turning to hollywood celebrities for campaign donations. the president's going to be in los angeles from friday to sunday, liz. again, what we're seeing out of california, they have a massive hole blown open of $68 billion in th

shawnte and when he looked -- lifted up that piece of paper, president of the uaw. when the uaw started its strike and all the big three car company said, oh, no, we cannot possibly do that, we would not be able to compete or develop our research and manufacture, and there was the one company called stellantis, which gave him a proposal. and on video, he took the proposal, looked at it, tore it up, and he put it in the wastepaper basket. and they won, by the way. that is what we need to, that leadership. that is what we need in leadership in this country. no, when you come to me with a negotiation that is fair, i will talk to you. until then, i will tear this up. look how it motivated people and excited people. and look how it won. >> how come you are accepting that the state of florida will put you the ballot then? i do not want to see you say that the state of florida would not put you on the ballot. i would like to see you rip that up somehow. >> this is the deal. these are the choices. first of all, i hope you will make sure you sign up on my mailing list today,

the uaw is also creating a divestment and just transition working group and taking a closer look at the union's economic ties to the conflict. the united nations cop28 climate summit opened here in dubai thursday with delegates agreeing to adopt a new loss and damage fund to help poorer nations deal with the disproportionate impact of the climate crisis. initial funding will start at $429 million, just a fraction what's needed to address the annual cost of climate catastrophes. governments from the global south and climate activists welcomed the fund but underlined its deficiencies. this is libyan activist nissa bek. >> considering the fact most of the developing countries that need the find are politically unstable, already the prerequisite for receiving the fund is not there. the loss and damage fund will only be a band-aid if also fuel is continue to be produced. loss and damage from climate change, $1.5 trillion last year alone. amy: barbados' prime minister mia mottley called for major reforms to global financial institutions and for firm and binding commitments from governments. >

i stood with the uaw to save those jobs and always be with auto jobs be preserved. >> thank you, mr. chairman. >> would you like to finish her statement. >> think i'll try to be as concise as i can there are some people that believe there should be no subsidies for anything and all transportation isu memphis under philosophical consistency they will be against oil and gas and against americans been able to afford and ev there are others that believe we should force americans to be in the technology of the past forever then this administration the recognizes that the world is moving to ev's with or without us and those will be made by chinese workers were being made by american workers. we respect the uaw stated up at the dawn of a new chapter in the automotive industry that created my hometown to make sure those are not american jobs but good paying american jobs. >> thank you very much i apologize for stepping out but i spoke to 200 members of the southern advantage chamber of commerce and they said tell him thank you for partnering with us for all the infrastructure funding that is

drive to for employees at other non-union shops and started with this video reminding everyone the uawises for those at the big three. >> fort, general and stellantis, more raises, cost of living adjustments for one simple reason, they're organized. >> now, part of the challenge for the uaw, a lot of nonunion shops like bmw are located in the south, which have state laws making organizing labor much more difficult. those workers tend to get paid a lot less, too. >>> we've been talking over the past year about the trouble with cryptocurrency, ftx, biunanimous. now a group of investors are suing cristiano ronaldo. that's his advertisement on the left. the lawsuit says ronaldo did not follow u.s. security laws when promoting the tokens and they're suing for a billion dollars. >>> a federal judge has suspended montana's new law banning tiktok before it took effect. the judge ruling montana's ban would likely violate the first amendment and that the state probably doesn't have the authority, anyway. the power to ban that app is probably something congress should do, the judge said. >>> this

>> aabsolutely support biden, but the uaw, you know, we've known for a long time that the uaw seems toy has been going and whether it's making cars more expensive through the union demands or many other ways in terms of green agenda and in this case, it's very obvious they're simply going to support the biden administration. admin. administration >> in all fairness, the auto companies were all set and the electric vehicles because of subsidies and they take the blame as well. paul: kim, how big of an issue is this going to be the in the president issue election? the ceo saying we could change, is this going to be a dividing line in the election. >> this has been going up and heating oil prices and gas costs and on top of other goods they've been buying and republicans are gearing up on this and redoubling down on all of the above pointing out this is failing in other countries like europe and they're going to say that your choices are being stripped. those will be presented to the electorate. paul: thank you, kim. we're going to take one break. when we come back, it's thet misses of th

it's not union and now that we've seen this drama unfold with the uaw getting their contracts, are theyg to your shop or have they called you up? they would probably not call me up because i have a very esteemed colleague spartanburg was -- who is running bmw manufacturing. from my point of view, we have a huge success story as you mentioned. it started in 94/95. you need good employees, good talent to grow the business and build excellence out of the driving she's. i think we treat our employees the right way. matt: but you don't expect the union to make an approach or be successful? >> i cannot judge what the union will or will not do. i think we have a great relationship with all of our employees and we are planning for success in the future as well. matt: i want to ask about something quirky. you recently put manual transmission in the z four. a lot of people are worried that manuals will die is what's is soon but the take rate has been kind of hybrids twin brother. jesus picked them model to sell? >> i think there will be many aficionados who want to go with the manual transmission

that's too juicy to pass up x that was a result of the uaw struck where it was left for dead.o pay the additional $7000 per vehicle to get -- 700 per vehicle to get the uaw workers up to where they wanted to be. that's ancient history in the rearview mirror and, yeah, i'm very comfortable owning ford. as far as san francisco goes, that's the typical democratic state-run money grab where everyone wants a piece of the action. look what they've done to google, facebook, etc. follow the money, that's what democratic states do. they've got to try to find revenue sources to plug all the a holes as a result of their excessive spending. ash a ash san francisco is like the sister state of the withdrew people union. they want to tax everything, fine everyone -- >> yes. ashley: it is just one huge money grab request, you're right. >> it really is. ashley: let's move on. you can buy a wendy's junior bacon cheeseburger for just one penny. that's a good deal. but the catch? you need to order through the app or online and i think, adam a, that stu's favorite burger is at wendy's. so i guess

it is going to be a disaster for the uaw and the people of the uaw and how they approved that contractat. so these are just some of the many problems. one of the biggest is the world is not respect us anymore. they respect us at a level i don't think they ever respected us. now, they don't. i tell the story, you are going to do that? we are going to put 100% tariff on your wine and champagne. they are going to do something bad to our country, tax or companies, and that is not fair. we have to protect american companies. and people said, sir, there is no turning back. i don't think they're going to do it. i said, try it again. smart people. they came back, said, no, we will not do it. i said, let me handle it. and he said, yes, sir, it is already signed, sir. i said, that is ok, but on monday morning, we are going to put a 100% tariff on all wines and champagnes coming into the u.s. you cannot do that, that is not fair. you are doing is not fair, too. we got about three minutes, he said, may i call you back? this is macron, who i like a lot, but he is not for us. he is from france. he c

we also are going to see more wage increases as we see those uaw contracts kick in.e saw two of their competitors raise wages. those contracts were signed and verified, and i think that's important because that didn't happen until half the survey week >> and you thought we were going to get 190-kf you were very close. why do you think we dropped to 3.7%, is that an aberration, or is there real information in that move? >> you know, it was for all of the right reasons. first of all, we had a catchup in employment in the household survey that wasn't there last month. but we also saw an increase in participation at the same time that the rates of the unemployed went down. so it was for all the right reasons. we saw men increase their participation rate and teens this increase in teens has been ongoing, and that's something that, frankly, we have not seen the peak in the teen participation rate was 1979, back when i was a team so we're seeing some people come back into the labor force that weren't there before to see that increase in participation is really encouraging >

. >> yeah, they've been beaten down over the last four, weeks especially coming after the uaw contracta look at the stock today, it is moving higher because, when you look at sales, jim farley talked a few weeks ago, when you talk about going hard on hybrids, it is paying off. overall sales down fractionally, there you see the ice models. ice models are tougher to sell for everybody right now. but the hybrids are hot. it's not just fibers that are working at ford, the increase production on the f-150 lightning, the mustang mock e, they start that a few months ago and that's the reason why those sales of those evs are up 43% of the month of november. but for a company that has had not a whole lot to celebrate over the last month, aside from the uaw contract. they'll take this, this is proof that the strategy shift from jim farley is working. but take a look at ford forces honda and toyota. we're going to take a look at all of these. there's been a definite split in terms of performance this year. it is easy to see why when you look at what is happening with toyota in honda and the empha

that we know so well in terms of the recent uaw strike.y says gentlemen, i needed this minicars and i c need this many tanks, and i need this many planes. and all three of them said president roosevelt, we are, we are r patriotic americans and we will get you those things as soon as our quarters of car, quote of cars, you would get your ships computer get your point and you get your tanks. according to eyewitnesses, tough on that -- he said, gentlemen, i don't think you understand what i'm saying. we need this many ships, we need this many tanks, and we need this many planes. and you will not be making manufactured for selling one more card intel i get them. in other words, there was an overriding interest, traditional market principles were temporarily overridden because it was in the national interest. it was an emergency. that's why when you talk of something like a constitutional amendment, what, climate emergency means is we cannot wait while they are co-op the environmental movement. it's that even at this point they have proven they

secretary su's support, auto workers secured a transformational contract, a contract that will see uaw salary rise more in the next four years than they have in the previous 20. sean fain, the newly elected uaw president, showed his mettle in these negotiations as the country watched. significantly he too praised julie su's leadership, citing her work to build trust between labor and management and encouraging them to focus on their shared goals. in addition to these and many other settled labor disputes, acting secretary su is leading many initiatives, major initiatives to make life better for working people in our country and grow the middle class. from expanding overtime protections to strengthening apprenticeship and work training programs and much more. mr. president, julie su's work speaks for itself. she listens, she finds consensus, and she helps those around her stay the course for as long as it takes. what more could we ask of a secretary of labor? but still there are those who question julie's ability to do the job, either ignoring or willfully dismissing her track record of

. >> yes, the uaw was a very important and early supporter of the farmworkers.eader of the uaw, very powerful, gave enormous credibility to the strike early on when they needed it. the third thing that would be interesting is the banner that said penitencia, peregrenacion. they timed it to arrive at the capitol on easter sunday so it really was a pilgrimage. there were a lot of religious overtones that >> the words we heard valdes reading, do we give 100% credit to chavez for writing that? miriam: no, he really wrote it but very much witchez's pu there were some phrases he added , he edited it directly. it was a joint effort. it was read every night along the march. valdes also talks about how remarkable it was for farmworkers to risk everything by marching. he talked about how scared they were. this was a real show of strength. it also helps to catapult the march, catapult the union and the strikes to national consciousness. and got the first national publicity for chavez. >> i have to ask your about dolores huerta. miriam: she also came out of the community se

a rebound in manufacturing after the uaw strike. after the map. the unemployment rate is 3.7%. remember people telling us we would go over for? i will have to check the numbers in terms of why that has happen which will do in a second but that's a stunning number. average hourly numbers were waiting on in labor participation at 62.8. there seems to be an issue with the website. let's see if everybody is going through that. we are not getting the data we normally get. jonathan: an upside surprise at 199, unemployment at 3.9. yields higher are up 11 basis points. the 10 year is 10, 11 basis points. wage growth in number higher month over month. michael: double than what we saw last month. it means nothing compared to the year-over-year. it's a 4% year-over-year basis so that tells us we are still seeing the progress you want to see in wages and that even with the large jobs number. the revisionists and and that's with the decline of 37,000. we don't know which months those are apportioned to but a smaller number for the net revisions

>> we had people sleeping in their cars when uaw was striking and certainly a story from the flight attendants with plenty of stories of flight attendants not making ends meet, have to work in the expensive cities sleeping in their cars, as well. we've got to get these things fixed and increase the conditions for everyone. what i saw in the airport it feels like is what we saw in and support for the strikes this year for the auto workers, the riders and is almost strike at ups. across the country, people are supporting unions, because there's a common experience across the working class. i saw people who were traveling workers themselves saying thank you to other workers in the airport, and this is a reflection of the solidarity of what is happening in the country supporting working people to fight back and make sure that corporation and billionaires are not taking all the money and inequality is not growing and there is a cap on executive somization and the staff getting relief money during covid, that ended a year ago, but we have been pushing the airlines for that, so far, so good, and we h

the onion it is not as rosy as it seems. 99,000 jobs breaks down 50,000, 40,000 from the returning uaws. 50,000 jobs were government jobs, 77,000 of those jobs were healthcare jobs which obamacare is the healthcare system so these are quasi-government jobs. when you look at the private payrolls and real jobs generated, we are talking 40,000 jobs. this is not healthy and remember that spending, a lot of that is on credit card debt which is at record levels, consumers $1.1 trillion of credit card debt in the holiday season. allysia: a lot of government jobs many of the government is actually growing. your organization, you've got the president as the grinch and we will read it. how bad are biden's policies, answer, so bad that with inflation and energy policies you can't even put colin people's talking this. why did you decide to do this? >> it drives the point home. energy policies are at the core of this disastrous economy biden has been over the past few years. it started with the decision on day one when he pulled back on the keystone pipeline and declared war on domestic energy prod

car prices close after several months of decline, rose in november from october by 1.6% because the uaw'site come more demand for cars, not as many cars to purchase but a lot of debt. higher used car price would be good. stuart: i would have thought so. stuart: who knows? stock is down 4%, 700% so far. tiktok, the first non-gaming apps to hit a milestone. what milestone did it hit? ashley: the apps become the first nongame mobile apps to generate $10 billion in consumer spending across the apple apps store. the only other apps to achieve this are games including candy crush saga, $0.10 of kings. data shows tiktok began this year with $6 billion in consumer spending and added another 3. 8 billion through the course of the year, 60 one% growth since january. according to a pew research center report, 20% of teens say they are on youtube or tiktok almost constantly. 9 out 10 use youtube making it the most popular channel for teens. followed by tiktok, snapchat, instagram at all the way down, meta, meta, facebook 3%. a separate bowl by gallup found teens spent an average of 4. out hours on so

the sentiment on gm is at the bottom and the uaw strike is behind them. >>> we have our top story inr carmot for $2.7 billion. if the deal is finalized, roche will have the development portfolio of the diabetes drugs and assets. >>> and origin energy rejecting the deal by brookfield asset. it received 69% of the votes compared to the 75% approval needed. it cites the strong level of origin shareholder support. shares of origin are falling. >>> and china's evergrande getting a petition postponed to january as it deals with the $300 billion of liabilities. >>> and coming up on "worldwide exchange," the one word every investor needs to know today and why shares of uber are riding high irrelevan > yiss us, check "worldwide exchange" out on your favorite podcast apps. more "wex" after this. then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. power e*trade's

uaw aligning with the squad on israel and look at all of these left groups and united farm workers andciu and volt multiplier factor for the democrats and my warning to republicans, ashley is don't measure the drapes because it's not about biden but democrats voting for the strategy and beating republicans. ashley: yeah, you make a good point, david. maine secretary of state barring president trump from their 2024 primary ballot. look, it's a stunt. he hasn't been convicted of anything, but it's a slippery slope. i wouldn't be surprised to see other states follow but my question to you, david, is do you think donald trump gets a bump from this? it's another example of the deep state trying to do away with democracy and take him off the ballot. >> clearly trump has shown he get as surge, a bump if you will and it's been consist because of this. it's a political play and unconstitutional by anyone but her and electorate for biden in 202 and should have ran in section three, electors of president and vice president. you know, that's someone that can be barred if they committed to insurrec

the uaw is working to organize nearly 150,000 workers at 13 non-unionized car companies.es the tesla plant in fremont. there's no guarantee each plant will unionize. workers have to vote for it. elon musk says he's anti-union because it creates a "lords and peasants atmosphere." >>> 7:48 right now. this week, controversial congressman george santos was expelled from congress. while santos was forced out, more than three dozen members of the house and senate have announced their departures. as many as 50 or more retirements are expected by early next year. nbc bay area political analyst larry gerston joins me now. >> good morning. >> good morning. great to see you. isn't that a large number? it seems like a mass exodus. >> yeah, it could be. we had in 2018, 55 members. this could approach that. that's about 10% of the total membership. so yeah, talking about a lot. you know, some of them are easy to see. adam schiff, barbara lee, running for the senate. others will go into states, governor, one will become a president of a college. but the fact is, you're looking at major

the jobs report is because the ending of the uaw strike as well as the sag actors strike, that's 40,000ere added to this number. the average jobs created per month this year so far is 240,000 jobs. that could give the federal reserve pause to raise rates because it might coming harder than expected but i don't think they will raise. i think they will keep things where they are because they see strikes ending, this is what markets factoring in the, they need to reconcile fed members saying rates will be higher longer, this is where markets believe cuts could come in as early as the second quarter of next year and that is why one of the markets believes that. there's a big slowdown coming and this is why. >> the consumer is living on debt like our country is. we are at an all-time high, $1.1 trillion into the holiday season. this is unsustainable. >> is where jobs came from. 99,000 came from private education and health services. other areas are down, retail is down, 38,400, the jobs coming in are from lower wage sectors and has not spread widely across all sectors as well as the governme

the uaw claiming a big win with increased wages and better benefits. winds knocking down power lines on the hawaiian island of maui sparking fires that quickly push into the historic town of lahaina. folks had little to no warning as the flames reached the town. some were even forced to flee into the ocean. 100 people were killed and more than 2,000 buildings destroyed causing some $6 billion worth of damage. the office of speaker of the house of the united states house of representatives is here by declared vacant. congressional dysfunction reached unprecedented levels in october after kevin mccarthy became the first house speaker in history to be voted out in the middle of his term. it happened when mccarthy cut a deal with democrats to avoid a government shutdown angering some conservatives who then voted for mccarthy's ouster. it took weeks for republicans to agree on a new speaker finally handing the gavel to little-known louisiana republican mike johnson at the end of the month. israel experienced the deadliest terror attack in its history. more

the forecast is for 180,000 jobs in november but we had 33,000 that we lost because of the uaw strike. it was 150 thousand last month. at this point it looks like hiring has slowed. on the others, does the unemployment go up? we are not expecting it based on the bloomberg survey. the question is do we need -- guy: do we need to see negative numbers before the fed starts thinking about protecting the labor market? what kind of numbers do we need see for the mandate? >> it will not just be jobs it will be a broad section of data that will come through. look at ed's point and the corporate profits have been really strong and there is a feeling that they have bottomed out and if it that is the case companies may not be quick to lay off workers. there is a lot of uncertainty and a bunch of officials tell us they don't know what will happen but they are not really getting rid of people yet. until they get the underlying feeling that something has happened the fed will probably be on hold because they want to make sure that inflation comes down. >> at one point we did see gold at a record hi