Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, December 23rd. I'm Julie Morgan. The Starbucks strike has expanded.

Honda and Nissan make it official, and Stalantis reverses its plans. Starbucks workers are now on strike in locations

across nine states as of Sunday, according to the Union Workers United, which represents over

10,000 workers and more than 525 stores. The strike could impact the coffee chain sales during the busy holiday season.

The five-day strike began on Friday in Chicago, Los Angeles, and Seattle. Union workers from

locations in Ohio, Colorado, and Pennsylvania joined the strike on Saturday, and those from New York,

New Jersey, and Missouri joined on Sunday. Around 30 locations were closed in the U.S. before Sunday,

and the union has warned that the number could reach hundreds by Tuesday.

The union said on Saturday night that workers are on strike

in response to Starbucks backtracking on their commitment

to negotiate a foundational framework by the end of the year

and resolve all outstanding unfair labor practice charges.

Starbucks said in a statement that the Workers' United proposals call for an immediate increase

in the minimum wage of hourly partners by 64% and by 77% over the life of a three-year contract.

They went on to say that these proposals are not sustainable.

Starbucks is up 0.2% pre-market.

Now, an update to a story we told you about less than a week ago here on Wall Street breakfast.

It's official.

Japanese automakers Honda and Nissan have entered into merger talks to form the world's third largest carmaker behind Toyota and Volkswagen. Over the next six months, the companies will explore

the best way to set up a joint holding company with the aim of completing the merger by

August of 2026. A majority of the holding company's board will be appointed by Honda, while Mitsubishi

...