Surveillance: UAW begins strike
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 September 2023
⏱️ 35 minutes
🧾️ Download transcript
Summary
Sarah Hunt, Alpine Saxon Woods, Chief Market Strategist weighs in on what the UAW strike could mean for the share price of the big 3 automakers. Henrietta Treyz, Veda Partners Economic Policy Research Director weighs in on the UAW strike and says she does not think there will be another auto industry bailout. RJ Gallo, Federated Hermes Sr. Portfolio Manager says fixed income investors should extend duration over the next 12-24 months. Geetha Ranganathan, Bloomberg Intelligence US Media Analyst discusses the outlook for Disney after the company announced that it expects to fall tens of millions of subscribers short of its 2024 target for Disney+. Javier Blas, Bloomberg Opinion Columnist discusses rising oil prices around the world.
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Transcript
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| 0:00.0 | This is the Bloomberg surveillance podcast I'm Tom Keane along with Jonathan Farrow and Lisa |
| 0:10.2 | Abramowitz join us each day for insight from the best and economics geopolitics finance |
| 0:16.0 | and investment subscribe to Bloomberg surveillance on demand on Apple Spotify and anywhere |
| 0:22.6 | you get your podcasts and always I'm Bloomberg dot com the Bloomberg terminal and the Bloomberg |
| 0:29.1 | business app Sarah Hunt with us now chief market strategist Alpine Saxon Woods Sarah wonderful |
| 0:35.4 | to see you let's start here give us one good reason to buy GM Ford and Stellantis with this going on |
| 0:42.0 | I think that's a very difficult question I mean you'll see that the stocks are only a little bit |
| 0:45.2 | lower in pre-market it really is going to depend on how long this takes to work through I think there's |
| 0:49.4 | a lot of things that are on the table I think job security is definitely part of it for the union |
| 0:53.9 | and I think the real question for those three is how you continue to be competitive globally when |
| 0:58.5 | you've got these issues going on at home and you've got issues with higher oil prices right because |
| 1:03.7 | those cars are more expensive not only to buy but to fuel right now too so I think that there are a |
| 1:07.9 | lot of problems right now in the auto sector and I think for those three in particular this is |
| 1:12.1 | not a great time for them to be facing this sort of action the emotion here of a president today |
| 1:18.1 | goes down to the manufacturing multiplier years in my youth where it was simple a manufacturing |
| 1:26.4 | job was better than being a TV anchor because it was more productive for America is there a |
| 1:32.9 | manufacturing multiplier still in this nation well I think there's definitely a manufacturing |
| 1:38.4 | multiplier and I think that the targeted strikes are showing you exactly how when you've changed |
| 1:42.5 | the manufacturing to each plant does a different thing and gets it to the ultimate and assembly |
| 1:48.4 | that I can strike anywhere and I can have a big effect on a giant network in a small way so there's |
| 1:53.4 | definitely a problem there and the question about manufacturing we're trying to |
| 1:57.0 | restore manufacturing right so that this is part of I think the big labor question of when I |
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