i have spoken with the president of the united auto workers. let me say a few words about uaw and the big three automakers. they have reached a historic agreement. a hard-fought agreement that was really bottled for a while. it was all done in good faith. these record agreements reward autoworkers who gave up much to keep the industry working and going during the financial crisis more than a decade ago. these agreements ensure that the iconic big three can still lead the world in quality and innovation. due to the commitment and solidarity of the uaw workers exercising their right to collectively bargain, they won a record contract with over 30% increases in wages, greater retirement security, and more paid leave. the commitment by the big three to create more middle-class jobs and invest tens of billions of dollars into plants and factories building the automobile future in america. [applause] i applaud the uaw and the leaders of the automobile companies or agreeing that all of those who were walking the picket line, they can go back to work i

a lot of united auto workers are on strike, afraid the government will deport jobs. i doubt seriously if the government can regulate it. i have seen this firsthand throughout my career. this is my business, this type of destructive technology to the world, to ordinary americans. host: we will good morning. i am not afraid of the artificial intelligence, i am afraid of the programmers. they can't do anything unless someone programs them to do something. ♪ [hail to the chief] ♪ >> the promise of a good job and a secure retirement gives americans a little breathing room. in president biden's america, we can to make good on that promise. this administration takes another step to help americans save for secure, dignified retirement. this builds on the other steps we are taking. for example, the butch lewis tension relief program shoring up financial troubled pension plans and helping millions of union workers and retirees get the pensions they have earned. [applause] we are implementing legislation congress passed last year to transform the retirement system and as part o

the united auto workers union called on 6,800 workers to walk out of a stellantis plant outside of detroitany makes its profitable ram pick—up trucks. it's stellantis' largest us plant. in total, some 40,000 workers are now on strike at stellantis, ford and gm, that's more than a quarter of the union's total membership employed by detroit's big three auto—makers, and the auto—makers have laid off thousands of workers. this strike is historic for targeting all three auto—makers at once. union members are asking for pay increases, as well as better benefits for retirees and others. this is the first escalation since the uaw ordered nearly 9,000 workers to walk out at ford's largest plant in mid—october. the tactic has been to play the auto—makers against each other in negotiations, and in this instance, the uaw may be trying to pressure stellantis into matching an offer put on the table by gm on friday. we'll get a glimpse into what this means for the auto—makers' bottom lines when gm and ford report quarterly earnings this week. in the past, the union has used earnings reports and executive

. >>> after six weeks of strikes the united auto workers reaching a tentative agreement with gm. the last of the big three still holding out. what's in the deal? >>> a chilling discovery near a colorado amusement park. a man found dead with multiple guns and explosive devices. what was he planning? >>> our nbc news exclusive. a mississippi man reported missing. turns out he was hit and killed by a police car. why didn't they tell his mother for six months? what she is demanding. >>> and remembering matthew perry. the beloved "friends" star dying tragically at 54. new details about his final hours. >> announcer: this is nbc "nightly news" with lester holt. >>> good evening. tonight much of the world is holding its breath, watching israel's ground operation against hamas in gaza unfold and wondering whether it could spread to other parts of the region. tonight the country's prime minister rejecting calls for a ceasefire. benjamin netanyahu saying "we cannot give up the fight." his comments coming on the same day we learned an israeli soldier held by hamas has been rescued by israel

let's stop this morning in the united states because the union representing auto workers has agreed to a tentative new contract with general motors two days after expanded strike at the car—maker. after a bruising six—week walk—out at america's big three car—makers, the strike could soon be over if members of the united auto workers union approved the agreement. from new york, michelle fleury has more. all three of the big american car makers now have a tentative deal with the united auto workers union. general motors was the last to settle. the chip—maker reached an agreement on saturday and ford announced its deal last week. with this positive reaction from one ford employee, walter robinson. it’s employee, walter robinson. it's definitel employee, walter robinson. it�*s definitely going to be life changing for the people, it's definitely going to be a career and notjust a job. {3m definitely going to be a career and notjust a job.— and not 'ust a 'ob. gm said it was and notjust a 'ob. gm said it was pleased — and notjust ajob. gm said it was pleased with _ and notjust ajob. gm said

expected profits, thanks to strong sales — and crucially, what seems to be a limited impact from the united autoorkers strike that's been going on for several weeks now. general motors has however withdrawn its full—year forecast due to uncertainty over the strike, which is nearing its sixth week, and costs relating to the strike have jumped to $200 million a week during october. let's speak to our north america business correspondent, michelle fleury, in new york. they've exceeded wall street forecasts, or expectations. take us through the numbers. what does it mean? ., ., ., , mean? revenue, the overall money it made was up — mean? revenue, the overall money it made was up 5%- _ mean? revenue, the overall money it made was up 596. that _ mean? revenue, the overall money it made was up 596. that was _ mean? revenue, the overall money it made was up 596. that was how - mean? revenue, the overall money it made was up 596. that was how much | mean? revenue, the overall money it i made was up 596. that was how much it made was up 5%. that was how much it was able to bring in. in terms of cost of th

automakers, general motors, reached a tentative deal today with the united auto workers to end their strike jesse kirsch now with late details on that >> reporter: 46 days after the united auto workers' historic strike began the union and all of the big three are finally near the finish line. >> once again, we have won several astonishing victories. >> reporter: today the uaw announcing a tentative agreement with general motors after reaching similar deals last week with jeep owner stellantis and with ford. the uaw says all three offers include 25% base wage increases through april 2028, cost of living allowances and better retirement benefits. welcome news to workers like will prohoska, a husband and father who has been striking at stellantis's parts distribution center outside cleveland. what was it like going the last month-plus without your paycheck? >> it was actually pretty horrid. i went to salvage shopping, which is like expired canned food so that way we could save a little extra money. >> reporter: he says a new contract, which still has to be ratified by union members like

all three of the big american car—makers now have a tentative deal with the united auto workers unionas the last to settle. jeep maker stellantis reached an agreement on saturday. ford announced its deal last week with this positive reaction from one ford employee, walter robinson. it's definitely going to be life changing for the people. a career and notjust a job. gm said it was pleased with the outcome, with ceo mary barra, adding that the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements which still need to be ratified by rank and file union members include a 25% wage increase over four and a half years, as well as other benefits for the uaw. this is a big win. historically, the union has negotiated new contracts with one car—maker at a time. by taking on all three at once, uaw president sean fain successfully pitted them against each other. for the past several weeks. analysts and pundits were crying that our union was going too far. that we were demanding too much. we didn't listen to them, and we never let up. the

happy monday, ilvana >> good morning, frank the united auto workers widening the strike against general motors over the weekend targeting the spring hill, tennessee plant. the largest in north america gm is the last holdout among the big three after the union secured a tentative deal with stellantis on saturday that deal mirrors the one with ford last week which includes $8.1 billion of plant investments and $5,000 in bonuses and 25% wage increases >>> it turns out nelson peltz has more power in his corner with the proxy battle with disney former marvel executive is offering logistical and financial support for peltz as he pushes for changes at disney including board seats. according to the report, perlmutter has given voting control of the company which boost peltz's stake. now peltz has four times voting shares over the first campaign. >>> ozempic may have competition. eli lilly's drug helps people lose weight for almost a year during a stud any y in china wi 16% weight loss in weeks late stage trials begin later this year. shares are higher in the pre-market 4.5% for innovent. >> los

in a major victory, the united auto workers announced monday they reached a tentative agreement withrs following deals with ford and stellantis last week. this brings an end to uaw's historic 46-day-long strike against the detroit big three automakers. uaw president shawn fain addressed members monday. >> we have won regular agreements at ford, stellantis, and now gm. we have united our membership like never before. we have shown the companies, the american public, and the whole world that the working class is not done fighting. in fact, we're just getting started. amy: on monday, we spoke to scott houdieson, a member of uaw local 551 who works at ford's chicago assembly plant and is the steering committee chair of unite all workers for democracy, the union's reform caucus. >> our plant was part of the third round of standup strikes. the strategy was to play one company off the other looking for better terms. it is a new strategy. in the past, they have targeted one company and negotiate with him while the others were on hold. the standup strike also had an inside strategy where work

all three of the big american car—makers now have a tentative deal with the united auto

the united auto worker >>> back now.d autoworkers escalating their strike for the second day in a row. thousands more walking off the job. and as the strike nears the six-week mark, the real world impact on consumers is only growing. here is maggie vespa. >> reporter: tonight, another 5,000 autoworkers walking off the job, this time at a gm plant in texas. >> inflation left us behind. the greedy ceos left us behind. we just want what's right. >> reporter: nearly six weeks into the uaw stoppage, close to 45,000 autoworkers are on strike against america's big three car companies. >> they're all about money. you know, it's time to share. >> reporter: the car companies pushing back against uaw's latest escalation. a new analysis estimates the strike has already cost the auto industry more than $9.3 billion. >> for the first few weeks of the strike, we had some inventory on hand that we were able to get out and get to our customers. it's gotten a little tighter. >> we can't get the parts. >> reporter: the owner of chicago's w

we have more to come, this is bloomberg. ♪ shery: we have breaking news, the united auto workers laboring through a post on twitter that they have announced a tentative deal with ford. they are that record profits mean record contracts. we have a tentative agreement at ford, that post coming from the uaw. this after six weeks of strikes and as ford is preparing to release their third-quarter quarter earnings on thursday. we had already seen general motors falling back -- pulling back their full-year profit guidance due to the uncertainty around the strike but bloomberg have learned earlier that the deal with ford could include a 25% wage hike according to sources speaking to bloomberg. but that this was pending under union leadership approval and finally we have an announcement through twitter that they have a tentative agreement at ford. we continue to watch tensions in the middle east president joe biden saying he asked israel to delay a ground invasion of gaza to assist in the return of hostages by hamas but he asked that he sought no assurances from netanyahu. biden: no. what i hav

just moments ago, president biden confirming an historic deal between the united auto workers and the said. >> i have just spoken with president fain of the united auto workers, and let me say a few words about uaw and the big three auto makers. ford, general motors, and stellantis. they have reached a historic agreement and a hard fought agreement that was really battled for a while. but it was all done in good faith. >> nbc's jesse kirsch was in streetsboro, ohio, for us. jesse, what can you tell us about this latest agreement, and do we know when all of them could be ratified? >> the way the ratification works, these agreements, tentative agreements get presented @memberships, the rank and file union members will vote on if they want to ratify the agreement. however, the union has told workers from stellantis and ford who have been on strike to return to the job. we have not yet heard from the uaw on a tentative agreement from general motors. our colleagues at cnbc have been reporting that according to sources, there is a tentative agreement, president biden just confirmed this say

uh, united auto motorists. as a member of the security concepts taking some kind of lead into security through concept. uh and i believe that the, this kind of unity in the out of what the also can because of the popular pressure . there's for the auto industry from for motor thing, young and dropbox, all the way to equate and, and yeah, so that also another factor in putting the auto group and with a closer to each other with this issue, they truly, i think having the u. s. e, a vote against the u. s. a draft resolution was an important issue that tells you even the closest allies of the united states, they're not happy with the behavior of the united states. the live alone with isn't in the how many to say um we appreciate you being with us giving us the benefit of analysis. thank you very much. indeed with being with us deals on audra 0. thank you. now diplomatic efforts are continuing around the world, you know, being leaders and living in brussels. they're expected to call for the establishment of humanita

ford and the united auto workers union reach a tentative deal to end a 6—week strike. king sam bankman—fried as he agrees to testify at his fraud trial. welcome to world business report. we begin in the us where, after nearly 6 weeks of costly strike action, the american car giant ford has reached a tentative deal with the united auto workers union. the agreement needs approval from union leaders and is expected to provide a 25% wage hike over a four—year period. uaw has asked striking ford workers to go back to work while the deal is put to a vote. general motors and chrysler's parent company, stellantis, are both still negotiating with the unions. joining me now is car industry expert, professor david bailey, from the university of birmingham. professor, from the university of birmingham. welcome to th it professor, welcome to the programme. it has been hailed, hasn't it, as historic? it's hard to support throughout that strike by president biden, but people are already starting to express concerns about what is going to happen going forward. , �* , , what is going t

the united auto workers announcing a deal tonight with general motors, tentatively ending the strike against all three. tonight, what those workers will now get. here's our chief business correspondent rebecca jarvis now. >> reporter: tonight, breaking the stalemate, general motors and the united auto workers union reaching an agreement. >> we're officially suspending our stand up strike against each of the big three. >> reporter: gm, the final holdout, now joining ford and stellantis, the maker of jeep, which made deals with the uaw this past week. this is what the auto workers are getting. a 25% wage increase over the next 4 1/2 years, with 11% immediately coming once the deal is signed. a cost of living adjustment and boost to retirement income, including 401(k) contributions. >> we need this wage increase. christmas, thanksgiving, the new year. that'll help, you know? it'll help. >> reporter: the battle cost the industry an estimated $9.3 billion. and david, while this strike is over, the workers still need to vote to ratify the deals. david? >> david: rebecca jarvis with us toni

ford and the united auto workers union have reached a tentative deal to end a six—week strike.ellar quarterly results — even as it faces a lawsuit from dozens of us states, accusing it of harming young users. and india wants to bring millets back to the world stage — it's an ancient, gluten—free grain. but can it whet the global appetite? hello if you have just hello if you havejustjoined us, you are very welcome. we are looking at the top business stories. we begin in the us where, after nearly six weeks of costly strike action, the american car giant ford has reached a tentative deal with the united auto workers union. the agreement needs approval from union leaders and is expected to provide a 25% wage hike over a four—year period. uaw has asked striking ford workers to go back to work while the deal undergoes a vote. president biden in a statement praised ford and the union for reaching this deal after what he called a "hard fought, good faith negotiation". general motors and chrysler's parent stellantis are both still negotiating with the unions with workers on strike. joi

what this united auto workers strike could lead to.ys it's not just the vehicles they manufacture, but it's every little part that is used to put the car together. that could become hard to find. ford's ceo echoing these concerns in for sizing the thousands of jobs that are on the line. if the u a w goal is a record contract, they've already achieved that. >> that's grossly irresponsible to escalate the strikes and her thousands of families. but so far, the u a w isn't backing down. on friday, the union announcing 2 additional plans to join the picket lines, including a ford assembly facility in chicago. and a general motors plant in lansing, michigan. a total of 25,000 union workers walking off the job just like 80 years ago today. >> our union is building a different arsenal of democracy. but this war is against some foreign country. the front lines are right here at home. it's the war of the working class versus corporate greed. we are the new arsenal of democracy. the workers are the liberators and our strike is the vehicle for lib

according to an associated press source, general motors and the united auto workers have just reachedkers without this agreement. and it comes after united auto workers union leaders signed off on a tentative deal with ford yesterday. and now it goes to union members for final approval. also over the weekend, stellantis announced it's made a tentative deal with autoworkers. the stellantis deal is said to be similar to the one ford workers agreed to with significant wage increase. and now we take a live look at the new york stock exchange as trading gets underway. you can see that we're up about 310 points at. >> rumors are swirling over what apple might announce at its surprised product event today. the company already revealed its new iphone and its apple watch last month. but in honor of halloween, it's calling today's event scary fast. so some people think think this means that apple will debut its new faster processing chip and perhaps the next model of computers. >> apple is rolling out a controversial new pay later feature. it's marketed as a risk free way of purchasing somethin

what this united auto workers strike could lead to. ford says it's not just the vehicles they manufacture, but it's every little part that is used to put the car together. that could become hard to find. ford's ceo echoing these concerns in for sizing the thousands of jobs that are on the line. if the u a w goal is a record contract, they've already achieved that. >> that's grossly irresponsible to escalate the strikes and her thousands of families. but so far, the u a w isn't backing down. on friday, the union announcing 2 additional plans to join the picket lines, including a ford assembly facility in chicago. and a general motors plant in lansing, michigan. a total of 25,000 union workers walking off the job just like 80 years ago today. >> our union is building a different arsenal of democracy. but this war is against some foreign country. the front lines are right here at home. it's the war of the working class versus corporate greed. we are the new arsenal of democracy. the workers are the liberators and our strike is the vehicle

what this united auto workers strike could lead to. ford says it's not just the vehicles they manufacture, but it's every little part that is used to put the car together. that could become hard to find. ford's ceo echoing these concerns in for sizing the thousands of jobs that are on the line. if the u a w goal is a record contract, they've already achieved that. >> that's grossly irresponsible to escalate the strikes and her thousands of families. but so far, the u a w isn't backing down. on friday, the union announcing 2 additional plans to join the picket lines, including a ford assembly facility in chicago. and a general motors plant in lansing, michigan. a total of 25,000 union workers walking off the job just like 80 years ago today. >> our union is building a different arsenal of democracy. but this war is against some foreign country. the front lines are right here at home. it's the war of the working class versus corporate greed. we are the new arsenal of democracy. the workers are the liberators and our strike is the vehicle

at the same time, the united auto workers announced they agreed to reopen the belvedere production plantn illinois at the beginning of the discussions, in fact, stellantis was considering a 5,000 job cut. in the end, after the deal was happening, they are adding 5,000 new jobs this is according to the united auto workers also worth noting, this announcement comes after the similar deal with the same trade union and ford that was an important development we saw last week of course, there is the question mark of whether we will see the same with gm this trade union has been striking against these three big auto hemakers in the united sta. we have seen two deals so far and yet to see what will happen in regards to general motors when it comes to that, the trade union announced they are expanding its strike action against general motors still pressure there also worth looking at is in context of the resurgence of trade unions in the united states particularly in the wake of covid. we are seeing the deals not just in the auto secretary tornado watch -- sector, but with the writers union as we

industrial action by the united auto workers in the united states has crossed the one month mark. reat brands on of henry ford and he shed his first public comment since tens of thousands of workers in the auto industry went on strike. erin delmore has more from new york. figs erin delmore has more from new york. �* , �* ~ , ~ erin delmore has more from new york. n , ~ , york. as the uaw strike takes into its fifth — york. as the uaw strike takes into its fifth week _ york. as the uaw strike takes into its fifth week the - york. as the uaw strike takes into its fifth week the head . york. as the uaw strike takes into its fifth week the head of| into its fifth week the head of one of detroit's big three automakers is saying enough. this should not be ford versus the uaw _ this should not be ford versus the uaw. it should be ford and the uaw. it should be ford and the uaw — the uaw. it should be ford and the uaw versus toyota, honda, tesla _ the uaw versus toyota, honda, tesla and — the uaw versus toyota, honda, tesla and all the chinese companies that want to enter our home _ compani

the united auto workers union is back on the picket lines for another week.up has expanded its strike to include additional ford and general motors plants. grady trimble has the latest from michigan. the united auto workers strike is now in its third week and still no deal with detroit's big three automakers. some 25,000 members are now on the picket line. one of their key concerns remain is the upcoming switch to electric vehicles, which the union fears could put thousands out of work . with the cost of living going on and everything, that's all we ask is to help us feed our family and to go with the economic. over the weekend negoti aviators for both sides returned to the bargaining table after the union expanded its strike against ford and general motors. gm fired back, arguing the uaw has, quote, no real intent to get an agreement. ford ceo also criticizing the move, accusing the union of, quote, holding the deal hostage over the company's planned ev battery plants in the united states. the uaw is scaring our workers by repeating something that just is fa

the ripple effect of just the hollywood and united auto workers strikes is a nearly $10 billion loss to the u.s. economy. norah. >> elise preston, thank you. >>> the pandemic-era pause on student loan payments is now over, adding a monthly expense to millions of americans. for many, that will result in some drastic household spending cuts. cbs's carter evans takes a look inside the numbers. >> hey, payments start again in october. >> reporter: the constant reminders are inundating manuel galindo's in box. the berkeley grad owes more than $28,000 on federal student loans. >> i'm now in more debt than the amount of money i've ever had in my pocket. >> reporter: galindo grew up poor in south l.a., raised by immigrant parents from el sal salvador. >> i can recall sleeping on a mattress with my three other siblings and my parents on a second mattress on the floor, and that's all we had. >> reporter: now the 31-year-old has his dream job at a nonprofit that fights for borrowers. he makes about $80,000 a year, but much of that goes to support other family members. restarting loan payments w

blinken is not currently scheduled to speak. >>> the united auto workers union expanded its strike mondaying out of a stellantis plant in michigan. the uaw says it's called the strike because stellantis has, quote, the worst offer on the table of the big three carmakers. stellantis said it was outraged. >>> and the texas rangers are world series bound after beating houston in game seven of the american league championship series. they'll face either philadelphia or arizona, who have their own winner take all game tonight. >>> for more, download the cbs news app on your cell phone or connected tv. i'm jarred hill, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> tonight two israeli hostages are free, released by hamas as the war in the middle east intensifies. the women crossed into egypt with the help of the qatari government and the international red cross, reportedly taken by helicopter to israel. they were kidnapped from their homes along with their husbands, who are still held captive by hamas. the war now entering its third week, and israel launched one of its

i the united auto workers union called on 6,800 workers to walk out of a stellantis plant outside detroitere the company makes its pick—up trucks. it's stellantis's largest us plant. in total, some 40,000 workers are now on strike at stellantis, ford and gm. that's more than a quarter of the membership employed by detroit's big three auto—makers. the auto—makers have laid off thousands of workers. this strike is historic for targeting all three auto—makers at once. union members are asking for pay increases, as well as better benefits for retirees and others. this is the first escalation since the uaw ordered nearly 9,000 workers to walk out at ford's largest plant in mid—october. the tactic has been to play the auto—makers against each other and, in this instance, the uaw may try to pressure stellantis to match an offer on the table. we'll get a glimpse into what this means when gm and ford report currently earnings this week. in the past, the union have used pay and reports to fuel the argument that the companies can afford concessions to workers. gm reports tuesday. given wall street v

ford yesterday said it reached a tentative deal with the united auto workers union pending approval frome union has asked striking workers to go back to work during the voting process. in the world of sport, the rugby world cup closes this weekend with new zealand's all—black facing the springboks in paris. they expect record profits from the tournament. this isn't just a story about sport, it is also about travel and strong consumer spending. nuno guerrero told me that many fans are willing to forfeit goods so that money to spend to go see their favourite teams. we have seen travellers want to see their countries live, and one of the interesting trends is we've seen consumers telling us that they will forgo potentially buying physical goods to actually travel. that's one of the important elements. 50% say that they would prefer to go and watch their teams instant of travelling, but they're replacing that travelling to make sure they are connected to the sports and ensure they are in those moments that are happening around at the moment. one of the other interesting ones, and this is a r

making headlines around the world. us call make a general motors has reached a text to deal with the united auto workers union to end the 6 weeks strike. the agreement includes pay increases, jim follows call make his ford and the lantus in reaching a deal with the union. on the costs of the tv show, friends has issued a joint statement saying they are actually devastated by the death of a costar. matthew perry is the 1st time the cost of spoken. now it's publicly since perry's sudden death on saturday, he was found unresponsive in a hot tub. at his california home a german politician has been arrested for indefinitely displaying not unsafe symbols. police said they found the badge material at the fraternity house of daniel helen, but a member of the far right alternative for gemini policy. linda has denied the allegation. is this john john slot? oh, that's schultz is holding energy talks in nigeria. the german government is looking for new sources of liquefied natural gas to replace russian energy imports. shelves, also called for coastal cooperation to manage migration. a german nigerian proje

he was car maker, general motors has reached attended of deal with the united auto workers union to end the 6 weeks strike. the agreement includes substantial pay increases. gm follow, so, automakers, ford and still enters and reaching and dealing with the union can you is to scrap these are requirements for african visitors. so by the end of the year, president william rudo said the current rules were bad for business. sheriff would make, can you only the 4th african country to go visa free german chancellor. all shots has been holding energy and talks and 9 deer in the german government is looking for new sources of liquefied natural gas to replace brushing energy and forth. sholtes also call for closer cooperation to manage migration. a german nigerian project in law goes nigerians. returning from germany receive support to make a new start in their home country. german chancellor off schultz visit the center for labor migration and reintegration. an office that helps return these find jobs . it is good for them to for the future with the being able to to of income to a fudge off, bu

as the us comic or general motors has reached a tentative deal with the old united auto workers union 2 and a 6 weeks strike, the agreement includes substantial pay increases for workers. gm follows fellow automakers folder and salons has been reaching a contract deal with the instagram and facebook will often paid ads free subscriptions in your parent company mentors set the plans were to comply with new rules introduced by the you. regulators have been putting pressure on the company over its use of personal data to target people with ads without their computer as well. you're watching dw news. as a reminder of on top stories is what is prime minister benjamin netanyahu says he's comfortable not to agree to cease 5 with her mom's speaking a short while ago, intel of the saying, he said that would represent a surrender to help him. it's now added that even the most just was have unintended civilian casualties. these radio, i'm, you says a female soldier cap should buy home us during the october 7. turbo tax has been rescued. you were in a ground operation in gaza. she's been identifi

to the united states, where ford motor company said it is at the limit of what it can offer the united autothe comment comes after the union unexpectedly walked out of the car maker's highly profitable suv and pick—up truck plant in kentucky. and as the industrial action is in its fourth week. the bbc�*s north america business correspondent michelle fleury reports. a stark warning from a senior ford official during a call with investors, the president saying the car—maker cannot afford to improve its offer without damaging its future. we're at the limit. going further will hurt our ability to invest in the business like we need to invest. his comments come a day after the uaw unexpectedly launched a strike at ford's kentucky truck plant. the car maker's largest plant of the world and its most profitable. generating $25 billion in revenue, about a sixth of its global revenue. we're quite surprised at the escalation. we made an outstanding offer — it's great wages, great benefits, we've been bargaining in good faith. in the past few days ford said it had been negotiating potential options for

i have an ongoing strike. gm in rival ford have seen stocks dropped recently after the united auto workers want as no account some less. and you live at the o, this reached union one say 40 percent pay hike. high pensions and union contracts at the battery plants. bitcoin hit its highest value and nearly a year and a half feet wide equipped to currency markets unrelated stocks have been searching on speculation. now the fis crypto exchange traded fund, or e t f, could be launch soon. the value of one bitcoin hit just over $34000.00 at its peak . this week. of more than that story, let's speak to nicholas shay from clean desk. pennsylvania with a nicholas, i mean why our investors getting so excited about the prospect on crypto? it's yes. hey, thanks for having me. yeah, basically. yeah, it has long bit see uh, well over 10 years now as a kind of easy to access products for not just your casual retail investors here. my son wants to go through the hassle of setting up to take my wallet or something . let's see. but also from institutional investors, the want a, you know, about regulated aud

all three of the big american carmakers now have a tentative deal with united auto workers union, general saturday ford announced its deal last week with this positive reaction from one employee, walter robinson. tt’s employee, walter robinson. it's definitely going to be like changing for the people, it's definitely going to be a career notiust— definitely going to be a career notiust a _ definitely going to be a career notjust a job. gm definitely going to be a career notjust a job-— notjust a 'ob. gm said it was leased notjust a job. gm said it was pleased with _ notjust a job. gm said it was pleased with the _ notjust a job. gm said it was pleased with the outcome i notjust a job. gm said it was i pleased with the outcome with the ceo adding the deal would allow to continue to invest in our future and provide good jobs in the united states. the agreements which still need to be ratified by rank union members include a 25% wage increase over 4.5 years as well as other benefits. for the uae w this is a big victory, historically the union has negotiated new contracts with one carmaker at

ford and the united auto workers union reach a tentative deal to end a six—week us strike. fears of a recession. welcome to world business report. i'm lukwesa burak. we begin in the us where, after nearly six weeks of costly strike action, the american car giant ford has reached a tentative deal with the united auto workers union. the agreement needs approval from union leaders and is expected to provide a 25% wage hike over a four—year period. the uaw has asked striking ford workers to go back to work while the deal is put to a vote. the results comes out ahead of their results later today. general motors and chrysler's parent company, stellantis, are both still negotiating with the unions. ican speak i can speak to the managing director now at wedbush securities, and you join us from bangkok today, so welcome to the programme. what do you make of this supposing deal? we don't know the full details and we have a figure

frank, talks with the united auto workers and automakers continued over the weekend. shawn fain telling members not to let messaging from ford, gm and stellantis get them to give up the fight for justice. fain made the comments while working outside the stellantis plant in ohio. adding the automakers are trying to cause doubt with the membership and the leadership. the comments coming after critical remarks by ford and g ceos over talks with the union. >>> the chairman of china evergrande is investigated on suspicion of transferring assets offshore while the developer struggles to complete projects. this is according to "the wall street journal." had this comes after the developer revealed he was under police watch and suspected of committing unspecified crimes. >>> tesla rolling out the updated version of the model y in china. the car features minor changes to the exterior and interior. the price for the updated model y will remain at $36,000. >> that price war is continuing in china. >> it is. >> tesla shares up right now. silvana, thank you. >>> a lot more ahead on

. >>> the united auto workers union strike is now in its fourth week.dent shawn fain is scheduled to make an address and potentially expand the strike today at 2:00 p.m. eastern. talks remain ongoing between the union and all three major detroit automakers. >>> and the winner of the nobel peace prize will be announced today. top contenders include ukrainian president volodymyr zelenskyy and russian opposition leader alexei navalny. >>> for more, download the cbs news app on your cell phone or connected tv. i'm jarred hill, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> we begin tonight with a major reversal by the biden administration due to the ongoing crisis at the southern border. then-candidate joe biden. the president defended his decision saying he has no choice because the funding was approved specifically for a border wall. for just the second time in history, data from the department of homeland security shows apprehensions along the southern border surpassed 2 million in the past year. southern states are not alone in

news around the world today. us car maker, general motors has reached a tentative deal with the united auto workers union to end to 6 weeks. right. the agreement includes pay increases. gm follows carmakers ford and se lantus and reaching a deal with the german politician has been arrested for allegedly displaying nazi symbols. police said they found the band material at the fraternity house of daniel lamba, a member of the far right alternative germany, party member has denied the allegations. can you just describe these are requirements for asking visitors by the end of the year, president william router said the current rules were bad for business, the shift would make, can you only the 4th african country to go visa free local. this is dw news from berlin. business is coming up next. and course you can always get all the latest news information anytime you want on our website that's at the w dot com. you can get the very latest coming through on our social media feeds as well. you the handle there at the the universe fine. terry martin for me and all of us here at the w. those team. tha