The Economy Booms in the Third Quarter and Ford Pays Dearly for Labor Peace
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 26 October 2023
⏱️ 21 minutes
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| 0:00.0 | Get a better grip on the markets. |
| 0:02.7 | WSJ's Take on the Week is here to give you a look ahead to the most important events |
| 0:07.8 | on the economic and business calendar and what they mean for your money and investments. |
| 0:13.1 | Subscribe wherever you listen to podcasts. |
| 0:20.1 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:26.0 | The remarkable U.S. economy keeps rolling along with a blowout. |
| 0:29.5 | Third quarter in which growth, domestic product grew 4.9 percent in the price level fell |
| 0:35.5 | as well over the third quarter. |
| 0:37.4 | How do you explain this? |
| 0:39.0 | Amid rising interest rates and slower growth around most of the world. |
| 0:43.2 | And is it a sugar high that won't last? |
| 0:46.0 | Plus the United Auto Workers strike a deal to end their walk out against Ford. |
| 0:50.4 | The union is claiming a big victory with wage increases and an end to the tiered pay system |
| 0:55.2 | for new workers that had accepted in 2008. |
| 0:58.0 | The union is still on strike against the Lantis, which is the former Chrysler and General |
| 1:02.8 | Motors, but did the strike strategy work for the UAW? |
| 1:07.3 | Welcome. |
| 1:08.3 | I'm Paul Gigo at a Toro page editor to the Wall Street Journal and I'm here with my colleagues |
| 1:12.1 | Alicia Finley and Joe Sternberg. |
| 1:15.1 | Let's get to the growth third quarter report first. |
| 1:18.2 | The economy has defied predictions of recession all year and in third quarter, it's fair |
| 1:23.6 | to say at 4.9 percent, it's booming. |
... |
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