Ford, UAW strike deal
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 26 October 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Show links:
Biggest stock movers today: ServiceNow, Align Technology and more
U.S. House gets a new speaker, but odds of government shutdown next month remain
Apple AirPods getting a makeover: report
California’s Cruise incident could have bigger ramifications for the self-driving vehicle industry
Choice Hotels calls on Wyndham to engage in merger talks
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Thursday, October 26th, and I'm your host Julie Morgan. |
| 0:12.0 | Ford and the UAW reach a tentative agreement. |
| 0:15.0 | Meta platforms outperformed, but they're trading lower in pre-market trading. |
| 0:20.0 | And UPS is making an acquisition. |
| 0:24.4 | Ford Motor and the United Auto workers have agreed on a tentative agreement to end a six-week-long strike. |
| 0:30.7 | The agreement will still need approval from a simple majority of the 57,000 Ford workers represented by the union. |
| 0:37.0 | UAW President Sean Fain, along with Vice President Chuck Browning, released a 10 minute video just before 830 Wednesday night, |
| 0:46.0 | calling the tentative agreement with Ford a major victory. |
| 0:49.6 | Some of the details were released, |
| 0:51.1 | but Faines said the members will have all the details |
| 0:53.7 | no later than this weekend. The leaders said the UAW Ford workers will get a 25 |
| 0:59.1 | percent general wage increase over the next four and a half years. |
| 1:03.0 | Browning noted that with cost of living adjustments or COLA, |
| 1:06.5 | the top rate will increase 30% to more than $40 an hour. |
| 1:10.8 | He added that over the life of the contract temporary workers will see raises of more than 150%. |
| 1:17.0 | The next step is for the UAW National Ford Council leadership to meet and vote whether to send it to members for final approval. |
| 1:25.5 | For now, Ford Stryker can go back to work. |
| 1:28.7 | Fain and Browning said this is a strategic move to keep pressure on Stelantis and General Motors. |
| 1:34.8 | Pre-market Ford is up 1.4%. |
| 1:39.0 | Meta Platforms is down 2.9% pre-market after rising 4% in early post-market action on Wednesday. |
| 1:47.0 | Meta gave up those gains toward the end of its conference call after its third quarter earnings |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.