Mercedes-Benz workers reject unionization
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 May 2024
⏱️ 1 minutes
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Summary
Stocks close mixed; UAW’s unionization efforts have been mixed; Conference Board points to weak consumer outlooks, factory orders; index of current economy improved in April.
Transcript
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| 0:00.0 | This is the Marketplace Minute. |
| 0:03.0 | I'm Justin Ho. |
| 0:05.0 | Stocks were mixed on Friday. |
| 0:06.7 | The Dow gained a third of a percent, the S&P rose a tenth of a percent, but the NASDAQ |
| 0:11.2 | fell less than a tenth of a percent. |
| 0:13.0 | Mercedes-Benz workers in Alabama voted against unionization on Friday. |
| 0:18.0 | The United Auto Workers Union has been making a push at foreign owned auto factories, |
| 0:22.0 | but so far those efforts haven't always worked. |
| 0:25.7 | An index of leading economic indicators from the conference board ticked down in April. |
| 0:30.1 | The conference board says that's because of factors including weaker consumer outlook, factory orders, and new building permits. |
| 0:36.2 | The conference board says it's not predicting a recession, but it is predicting slower growth, |
| 0:40.7 | since interest rates and inflation are still elevated. |
| 0:44.0 | On the other hand, the group's index of the current economy improved, |
| 0:48.0 | thanks in part to rising employment, sales, and industrial production. |
| 0:51.0 | The biggest factor? Rising personal incomes. |
| 0:55.0 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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