. >> good morning to you general motors tentative labor deal with the united autoworkers moving closer to ratification. the union continuing to count votes by members following the approval of the agreement by workers at gm's arlington texas assembly plant yesterday that vote coupled with strong votes in favor by smaller warehouse and parts facilities, helping to offset votes against the deal earlier in the day. tiktok apparently joined meta platform in the fight against attempts to make the eu market more competitive the chinese based company challenging the decision to -- gate keeper under the digital markets act saying such a designation could hinder its ability to grow. tiktok arguing it does not meet the required criteria to fall under those rules. >>> and microsoft's ceo says his company is fine avoiding china's market is satya nadella stressing his company doesn't rely on the company for too much revenue as it navigating growing u.s. restrictions. >> the reality of tech as an industry today is it's globalized, and the question is how does it sort of reconfigure as all of these n

joining us to talk about the latest when it comes to the tentative deal with the united autoworkers strike and what it could mean for the future of electric vehicles. welcome back to the program. guest: thanks for having me. host: can you talk about the factors that led to the resolve of it? guest: the resolution of it, it was a long strike but interesting strike because it didn't involve every auto plant but spread out among the three carmakers, so you could see the u.a.w. raising the pressure as the strike went on. as the strike went on. the end came when the union struck the most profitable plants for all three carmakers and you could kind of see that that was a last effort to rest every last concession they could. finally, the agreements came in rapid succession. a week ago today, they said it was stellantis, the maker of chrysler jeep over the weekend, and then with general motors on monday. host: stellantis, one of the headlines today said that they estimate $3.2 billion lost during the worker strike and you say that is a factor in the results with the union. guest: that actually is

general motors has inked a deal with the united autoworkers union. auw went on strike against gm gm, ford and stellantis in september. after weeks of negotiations, the union approved the first contract today with general motors. now, working to come to an agreement with ford and stellantis. it would mean a 33% wage increase all over the next 4 1/2, 5-year contracts. >>> speaking of cars, if car shopping is something you dread, there's a new option on the way. amazon says starting next year, it's allowing autodealers to sell cars through its website. not all cars just yet. starting with hyundai. you order the car you want on the website. you can pick it up from a local dealership or get it delivered. your new hyundai will have amazon's alexa in its cars. >>> the silicon valley tech giant failed to deliver. cisco shares slid 11%, putting the manufacturer on page for the worst day since last may. stocks for the san jose-based networking manufacturer fell today after it reported a slowdown of product orders. cisco says it plans to make rez revenue in the

. >>> the united autoworkers union is hoping to steer more factory employees to unionize. at tesla, toyota, honda, and others. this comes after the union penned new employment contracts from detroit's big three automakers. >>> and those two turtle doves will cost a bit more this year according to pnc's christmas price index. the light-hearted take on the cost of the holiday values all the gifts over the 12 days of christmas at more than $46,000, up more than 2.5% from last year. >>> that's your cbs "money watch" report for this thursday morning. i'm naomi ruchim, cbs news, new york. >>> up next, the newest spotify stars. taylor swift and travis kelce shoot to number one on streaming. we'll tell you where they topped the charts. reaming. we'll tell you where they stopped the charts. tstopped the. . d the charts. ms tries to stop me. ms is like riding into headwinds, but i keep pushing forward. does ms define me? no, it does not. i take ocrevus, an infusion treatment that's two times a year. female vo: a prescription for adults with relapsing or primary progressive forms of

the united autoworkers union confirmed the laughs, saying the 40-day strike caused supply chain issues that backed up production at the assembly plant. the layoffs are only expected to last few weeks. >>> it might be the last hope at ending the ongoing actors strike for the foreseeable future. sag-aftra told members saturday it had received a last best and final offer from hollywood studios on a new contract. the guild representing actors has been on strike since july. source familiar with the studio's office tell "the new york times" it includes the highest wage increases in decades as well as protections on the use of artificial intelligence. that's a major sticking point during negotiations. the negotiating committee said they were reviewing the offer, but did not reveal when they would respond. >>> nearly two weeks after hurricane otis pummelled acapulco as a deadly category 5 storm, many residents are still struggling to find basic necessities such as food and water. chef andres is cooking thousands of meets each day to feed the community. the nonprofit is providing ready to eat f

night, marie joined, as did dorothy hanner and carolyn davis, the women's department of the united autoworkersn had met while researching her still uncompleted second book. there was also catherine k clarion, back head of the wisconsin commission on the status of women, mary eastwood and catherine conroy, who worked for the communications union. conroy and clarence beck wanted to work through existing channels by introducing a motion condemning the employment opportunity commission. murray, armed with a yellow legal pad, sided with friedan's activist approach at around 11 p.m., nancy, a young dean at the university of wisconsin, sitting on the floor, dared to wonder if the needed a new women's organization. friedan shouted who invited you get out? get out! this is my room and my liquor. thank you, rachel. so can you can see why people not very often did not like betty friedan and found her difficult and rachel, why should we care about? betty friedan today? well, so as you anouma stated in your introduction, betty wrote the feminine mystique, which is one of the most important feminist books o

she joined as the cartagena and carolyn davis at the women's department of united autoworkers. friedan met them while researching her on concluded secondte book. there was catherine claire and ike had to doth this to the stas ofy, women married eastwood and catherine conroy who worked for the committee patients union. conway and claire and back wanted to work through existing channels by introducing a motion condemning the equal opportunity commission. murray armed with a gala we both had sided with friedan's activist approachm. by 11:00 p.. nancy matt lee young teen at the university of wisconsin sitting on the floor dared to wonder if the world needed a new women's organization. friedan shouted to invited you? get out, get out. this is my room and my liquor. >> thank you rachel. you can see where people very often did not like eddie fred and -- friedan. why should we care about betty friedan today? >> as you enumerated in your introduction that he wrote "the feminine mystique" which is one of the most important feminist books of the 20th century if not the most important one.

. >>> after a big six-week-long strike this fall, the united autoworkers announced today their memberse voted to ratify the historic new contracts the union was able to negotiate with ford and gm and stellantis. one of the interesting effects of this strike, though, is how the other auto companies, nonunion auto companies are also giving their workers a raise because of the uaw strike. it's almost certainly just about dissuading their own workers from also wanting to join the uaw, given what the uaw was able to get for their members at other automakers. but whatever the motivation, a raise is a raise. toyota was the first nonunion auto worker to announce a wage increase for their workers in the u.s. after the uaw got their deal. but now all these nonunion automakers are saying the same thing. honda, hyundai, nissan, subaru, all say they're going to raise wages for their workers too. they're trying to keep their workers from joining the union by showing them they can get a wage raise without being in the union. last week uaw president shawn fain told the senate they call this a uaw bump

those comments came after the president spent the day in illinois meeting with united autoworkers. mmed the former president and republicans for not doing enough for autoworkers. >> the entire uaw proved what i've always believed. wall street didn't build america. the middle class built america, and unions built the middle class. let's think about this. when my predecessor, the distinguished -- anyway. [ laughter ] >> we know. >> here's the difference. when you are in the middle of a fight, i stood and others stood with you shoulder to shoulder on that picket line. my predecessor went to a non-union and attacked you. i hope you guys have a memory. where i come from, it matters. the truth is if you hadn't listened to him, thank god you didn't. >> something you have been talking about for weeks now, the white house and campaign going right at donald trump, and really this is a two-front fight that he's looking at. it appears anyway which is number one this issue of abortion which obviously was so critical to those wins on tuesday and have been critical to democratic wins for last 16 m

> that was president joe biden in illinois today in his fetching red sweater celebrating the united autoworkerthree major auto plants. workers not only got significant wage increases but they reopened the plant biden was speaking at in belvidere. in a historic move, joinedhe uaw on their picketline. it's a huge time for unions with workers taking hundreds of labor actions since january. just yesterday, the culinary workers union in las veg reached a deal with mgm, right before they were set to strike. last the writers guild ratified an historic agreement with studios after striking for 148 days. and last night, sag-aftra, whose hundreds of thousands of actors had been on strike for a record 118 days, announced they had come to a tentative agreement with the studios. i should note comcast, nbc's parent company, is one of the companies represented by the alliance of motion picture and television producers. and some editorial employees of nbc's news division are represented by the writers guild. in a statement last night, sag-aftra said in a contract valued at over $1 billion, we have achieved a

united autoworkers with ford and ending six week strike that put the big three automakers on pause.assed both agreements with an overwhelming majority and new deals include 25% wage increases for workers, cost of living adjustments and more agreements are set to expire in april of 2028. a christmas classic is celebrating a very merry anniversary. >> i think that says fragile, honey. ♪ ♪ >> what -- it's a leg. >> but what is it? >> it's a leg! like in a statue. >> christmas story remered 30 years ago this weekend since debut in 1983 classic coming of age story rail if i a sequel came out last year and those are your headlines. will: kathleen texted me said would you sending me the christmas play list on spotify? >> i will. a little early. that's what i felt. i felt that too. pete: this is that kind of transition phase like behind us. we have the fox news christmas tree is up. but it is not lit yet you wait to light it until after thanksgiving. will: four more days fully appreciate thanksgiving. pete: makes you enjoy it more. i haven't gone for the peppermint whatever -- rachel: candy

joe biden is building momentum for his re-election campaign, trading his suit jacket for a united autoworkershed donald trump's record. >>> plus, democratic congressman jim clyburn of south carolina and seth moulton of massachusetts will join the conversation. >>> also ahead, the actor jason sudaikis will join the show. n sudaikis will join the show. ica, including mental alertness from one serving. to help keep me sharp. try new neuriva ultra. think bigger. oh, hello! hi! do you know that every load of laundry could be worth as much as $300? really? and your clothes just keep getting more damaged the more times you wash them. downy protects fibers, doing more than detergent alone. see? this one looks brand new. saves me money? i'm starting to like downy. downy saves loads. rsv can severely affect the lungs and lower airways. but i'm protected with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. rsv can be serious for those over 60, including those with asthma, diabetes, copd, and certain other conditions. but i'm protected. arexvy

what we saw with the united autoworkers with the feeling all over the country.ent where companies profits are through the roof the margins are through the roof and las vegas room rates and visitations are record levels when companies are setting records workers should have record contracts were not looking to keep up with inflation we need to do better. neil: if you have to weigh the odds of a strike on friday what do you think as things stand n now. >> i think we've seen some movement by these companies and as i said earlier were cautiously optimistic, the issue of technology in robotics is a job security issue and the issue of the daily room cleaning and folks have to keep up with the cost of living in their setting records. if the companies do the right thing and get on the right path will have main table negotiation hundreds and hundreds of negotiating committee and will go over the wire and were hoping for the best. neil: i hope it works out. we did reach out to the casino industry and some of the entertainment conglomerates to get their take and we've yet

that was because the united autoworkers were on strike. that strike is over.o want to point out retail created 700 jobs. that's it. the state of the consumer ahead of the holiday season. bottom line, not a great report, but it's great for the bond market yields, down even more. stuart forgive me for saying it, but i think that was a rather boring jobs report. let's see if brian brenberg agrees with me. >> he's wrong. this is not a boring jobs report. stuart: excuse me. [laughter] lauren: can't even do it with a straight face. >> so i think it's one-fiftieth the headline level, but there's two surveys here, right? the establishment businesses, household. the business one said 150 gained. the household said a 348,000 decline in jobs. that's a huge gap. so what i'm saying is watch the months ahead, because those have to converge, those revisions that we've been talking about, that's where they're coming from. this is why bond yields have tanked, stuart, because all of a sudden everyone's seeing weakness here. stuart: in the household survey, how many jobs were lo

33,000 jobs in the month of october, understandably because of the strike that we saw from the united autoworkersow was recently resolved. they're back to work as of november, so that likely will reverse in the next month. now, one other thing we want to watch very closely is wage gains. even though people are getting jobs, we want to know how much they're getting paid in those jobs. the pace of wage gains, 4.2%. that yearly pace did slow down a little bit to 4.1% in the october to october period, but keep in mind, inflation 3.7%, so again, as we've seen the last few months, we have seen the pace of wages outpacing inflation, which is certainly good news. again, we want to see that number down even further from here, ana. >> don't ruin the good news there at the end. let's end on a high note today. wages above inflation. >> there you go. >> i like it. let's celebrate. thanks so much, brian. >>> now to a sweeping guilty verdict in one of the most high profile criminal fraud cases in years. a new york city jury convicted disgraced crypto king sam bankman-fried on all counts against him after just h

the president travels to congratulate the united autoworkers union, it's a victory lap. and today, wait for it again, students and teachers at more than a hundred new york city schools will walk out of class. they demand the u.s. end its support for what they call genocide. where does that leave jewish students in our schools? the kids have trouble reading and doing math, but they sure know how to hate. what a cities grace. thursday, november 9th, 2023. varney and company is about to begin. ♪ ♪ ♪ 'cuz it's the heat of the moment ♪ stuart: i love this song. it's got a nice rhythm to it. >> i thought it was heat of the morning, but i'll take heat of the moment. [inaudible conversations] this is the momentst starting right now. stuart: yes, it is. all right, let's get to the third gop debate. a few fireworks. good morning, lauren. i want the highlight reel. lauren: more time, fewer e candidates, more substance, that was my takeaway. trump still the hot topic in this race for who could be his number two. >> donald trump's a lot different guy than he was in 2016. he owes it t

the united autoworkers strike is likely one reason why job growth trended lower last month.rall, the cooling labor market is good news for the federal reserve as it tries to tame inflation after the fed this week kept interest rates at a 22 year high. some investors are now betting that it's done raising rates altogether. households are already feeling the impact of those higher borrowing costs. the average credit card interest rate is at a record high, nearly 21%. new car loans have almost doubled to 8%. mortgage rates are also hovering around 8%. if this jobs report shows job and wage growth is slowing down the fed could feel more comfortable holding off on more rate hikes for now. rebecca? >> big ripple effect. thank you very much. >>> coming up interview of the family of the utah man accused of poisoning her husband then writing a book about grief after his death. >>> plus robert deniro's girlfriend taking the stand. >>> powerful jetstream boost causing some planes to fly at more than 700 miles per hour. i know you're going to have more on that in a minute ginger. >> yes

and that's a big part of the reason for the extended contract battle with united autoworkers.n dollars in market cap. there has been setbacks and overall slowdown in global demand hit electric vehicles in part because they're expensive and consumers are stretched. the price of gas has dropped, which takes the edge off ev demand. that hasn't changed the overall direction the very has been moving in, the transition from blackberries to iphones. autonomous vehicles, they're making steady progress, self-driving company mobilized the standout of the past year, up more than 40% since the first day of trade last october. tesla, which launches the cybertruck today, by the way, continues to push forward with its autonomous driving software. this week the company is pushing out a new version to employees that supposedly uses more advanced a.i. to make decisions. with innovation like that, autonomous and evs are just warming up. >> jon, not just gm that is pulling back on the new vehicle technology though. is this a case of tesla versus everybody else. >> well, becky, it is true, on the

facilities by april of 2028, the united autoworkers union saying the investment, part of that recentutomaker has already announced some of those planned investments, including $4 billion for a factory in detroit and $2 billion for one in tennessee. meanwhile, lvmh is buying los angeles-based eye ware maker barden. i don't know how to pronounce this fancy name, carrera for about $80 million. seen as a part of the luxury giant's push into products with mass market appeal, we're going to talk to robert frank later about this deal and why it's so significant, and then mark zuckerberg, for those on instagram over the weekend or facebook, recovering from a torn acl. the meta ceo reveals his injury late last week on an instagram post. he said he tore his acl sparring in a mixed martial arts training fight. also said he hoped to participate in a competitive mma fight early next year, but now that would be delayed, and that's what he was training for. joe. >> ouch. >>> as we mentioned moments ago, we're coming off one of the best weeks, the best week of the year for the major averages and now

radio in detroit, joining us now to talk about the latest when it comes to a tentative deal with united autoworkerike and what it could mean for the future of electric vehicles. welcome back to the program. guest: good morning. thank you. host: on your webpage, your story concerning those things, can you talk about the factors that led to the resolve of it? guest: the resolution of it, i mean, it was a long and interesting strike because it did not involve every auto plant what it was spread out among the three carmakers, so you could see the uaw raising the pressure as the strike went on. the end came when the union struck the most profitable plants for all three carmakers and you could kind of see that that was a last effort to rest every last concession they could. finally, the agreements came in rapid succession. a week ago today, they said it was stellantis, the maker of chrysler jeep over the weekend, and then with general motors on monday. host: stellantis, one of the headlines today said that they estimate $3.2 billion lost during the worker strike and you say that is a factor in the resul

autoworkers. as we mentioned earlier, the us marks veterans' day this saturday, 11th of november. it is also remembrance day in the unitedell in service of one's nation. as part of the bbc�*s we were there project, allan little has been speaking to some of those who served in world war ii. i volunteered in the spring of 1942, just a few days ready before my 20th birthday. everybody wanted to be part of it, everybody wanted to be part of it. but — everybody wanted to be part of it, but there was about a two or three _ it, but there was about a two or three year wait for that —— everybody— or three year wait for that —— everybody wanted to be pilots. so i everybody wanted to be pilots. so i put — everybody wanted to be pilots. so i put my name everybody wanted to be pilots. sol put my name down to be everybody wanted to be pilots. so i put my name down to be an airgunnen _ so i put my name down to be an airgunner. we so i put my name down to be an air gunner-— air gunner. we 'ust thought it would be like — air gunner. we 'ust thought it would be like a]— air gunner. we just thought it would be like a little - would be like

. >> since the united auto workers has tesla and other carmakers in its sights, autoworkers at 13 nonunionility ces are organizing a campaign to join the uaw. some of the biggest targets include hyundai, toyota and tesla. after a six week strike that led to new contracts with the big three, the uaw says it wants to push for better benefits and pay at other auto plants. now, if successful, all the effort could double the union's membership, which currently stands at nearly 150,000. coming up tonight, a man charged with kidnaping in the south bay. also, frustration in alameda county over plans to welcome a new marijuana dispensary. the residents in one city who are now pushing back against the idea. >> and we saw some sprinkles this morning, but any more chance of rain to come? our chief meteorologist bill martin has your extend forecast coming u i know the importance of taking care of myself. how are you doing between practices? i feel pretty good. surrounding myself with a great team. de'aaron we're going to take a quick look at your knee with ultrasound. everything is looking great. but n

the tentative deal's guarantee autoworkers their largest pay increases in decades and cut affect how other unions bargain their future contracts. i spoke with the united conference worker, shawn fain, all about his victory. just before he met with the president. watch this. >> shawn fain. thank you so much for joining. i guess i should start with congratulations. how does it feel you've got the steal almost over the line. >> it's definitely a good feeling to be where we are right now. to be here today in illinois, sharing such great news with workers here and, you know this thing in the whole community, lifting it up. as a result of the work we've done and the work that our membership has done and delivering a record contract. >> for decades, the u.s. has not had a labor-led economy. and we've suffered in this country. does this deal signal a significant power shift between workers and executives? >> yes, i believe it does. i believe it's time. it's long overdue, for 40 years the class warfare has been going on this country, the billionaire class, the corporate class up and running away with all the profit. and the workers have been left behind. i tru

course, the uaw, united auto workers, a six-week strike against the big three automakers has brought agreements for what are being called record contracts, a 25% pay raise for autoworkers over 4 1/2 years, factory work at a detroit automaker, 40 hours a week, $84,000 a year. plus cost-of-living adjustments guaranteed as a protection against inflation. these are all tentative agreements for the big three automakers, uaw locals have to ratify the results but the terms, the union won in this strike are so favorable that when they were announced, toyota, which isn't union, unexpectedly announced a surprise increase in its own wages, for its own nonunion employees, presumably to try to preempt them all wanting to join the union now to get the same kind of deal that uaw was just able to get for its members at fort, mgm and stilettos. the uaw strike was audacious, it was pushy, it was a huge success. uaw's president sean fain said if the automakers have record profits, what they do, then we should have record contracts, and now, they do. just watch this. you can tell from the way their messaging on this from the very beginning of this strike, you can tell that part of the win

. >> the united auto workers has tesla and other carmakers in its sights. autoworkers13 nonunion facilities are organizing a campaign to join the uaw. now some of the biggest targets include hyundai, toyota and tesla. the uaw says it wants to push for better benefits and pay. if successful, the effort could double the union's membership, which currently stands at about 150,000 workers. >> our time is now. 445. this is just for pam cook. the state of michigan testing a new way to charge electric cars. now it looks like an ordinary street. we're going to show you. but it's the first wireless charging road for evs. the road is a quarter mile long. it's near downtown detroit. it has copper, inductive coils beneath the pavement. cars cars and vehicles that have a receiver on the underside of the car are and get a small charge for their battery. this will be revolutionary for electrifying vehicles and really being able to get the benefit to the max. now officials in detroit say they hope to have the system fully developed and installed by the end of 2026. a new survey taken

united states. always good to have you. i don't know the details of these latest deals, sir, the fact of the matter is some of them have been very good for workers, pricey for management. the autoworkersoing to be costly to digest, but digest them, they will. what do you make of them? >> well, we're certainly seeing a lot of attention to the strikes right now, and there have been some important ones. the uaw was the most closely watched and probably most important. and it does look that the workers there made some pretty significant gains, you know? 25% pay raise over about four and a half years, some pretty generous, immediate pay raises. but you really, neil, have to judge them in the long term. and i think the questions will be, as you say, whether the companies can digest these, remain profitable. and then the big question for the uaw is whether it can take wins like this and successfully organize other u.s. auto companies. you've got to figure that's hair greatest hope, that they got such a good deal, they'll hope, that they can have success at tesla, that they can have success at companies in southern states that aren't unionized right now. i think the uaw's long-term success ha