Drought Strains the Panama Canal and Global Trade
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 18 September 2023
⏱️ 16 minutes
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| 0:00.0 | When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5, |
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| 0:20.1 | Historic auto strikes enter a fourth day. Plus, why the Fed's future rate moves have been dragging |
| 0:27.6 | tech stocks lower and drought backs up one of the world's major trade routes. |
| 0:33.6 | Some bulk carriers are already looking at alternate routes around the Panama Canal as a result of |
| 0:38.7 | these 20-day plus long delays. Looking ahead, this is going to have an impact on global trade and |
| 0:45.6 | prices for consumers. It's Monday, September 18th. I'm Luke Vargas for the Wall Street Journal, |
| 0:50.9 | and here is the AM edition of What's News, the top headlines and business stories moving your world. |
| 0:58.0 | Today auto maker Stellantis and members of the United Auto Workers Union are set to meet today |
| 1:08.0 | for talks as a historic UAW strike against Stellantis, Ford, and GM continues for a fourth day. |
| 1:16.2 | GM and Ford negotiators met with the UAW for bargaining over the weekend. |
| 1:22.1 | So far, targeted strikes have idled three plants, each of which make mid-size pickup trucks |
| 1:28.2 | part of a union effort to spread pain evenly across the three companies. |
| 1:33.1 | That is, according to people with knowledge of the plans, who said the union avoided |
| 1:37.3 | hitting companies with strikes and factories that produce money-making large pickups and SUVs, |
| 1:43.0 | in order to signal its intent to keep bargaining and reach a deal. Though auto execs have still |
| 1:48.5 | been quick to vent frustration with the move. White House senior adviser Jean Sparling and |
| 1:54.0 | acting Labor Secretary Julie Sue are due in Detroit in the coming days to encourage the two |
| 1:59.6 | sides to reach an agreement. Shares in Chinese property giant Evergrande have slipped today, |
| 2:06.8 | after police in China detained staff at its wealth management unit and urged the public to |
| 2:12.4 | report any cases of suspected fraud. The police said the investigation is continuing, |
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