Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Friday, September 15th, and I'm your host Julie Morgan.

Thousands of auto workers at three locations of the big three auto companies are on strike.

Disney gets an offer from Byron Allen for ABC and other Disney networks, and P&G Walg Greens and JNJ are facing a lawsuit over a drug in cold medicine.

The United Auto Workers Union stand-up strike against the big three automakers has begun.

A deal was not reached by midnight.

UAW members walked out of three plants, including a GM facility in Winceville, Missouri, a Stellantis location in Toledo, Ohio, and a Ford Assembly plant in Wayne, Michigan.

This is the first time that all three Detroit automakers were hit by a UAW strike at the same time.

More than 12,000 members are on strike now, but more could stand up and walk out if the sides continue to be far apart on a deal.

In reference to the way the strike is structured,

UAW President Sean Fain said that this strategy will keep the company's guessing.

He went on to say in a video statement that if we need to go all out, we will.

The walkouts affect production of popular vehicle models, including Ford Bronco, Jeep Wrangler, and

GMC Canyon.

At issue are the terms surrounding new four-year labor contracts.

Demands range from higher wages, more paid time off, reduced work weeks, a return to traditional

pensions, the elimination of wage classification tiers, and a shift back towards cost of living

adjustments.

The union represents about 146,000 workers at the big three companies.

Pre-market Ford is down 2%, GM is down 1.7%, and Stellantis is up 0.7%.

Media Mogul Byron Allen made a $10 billion offer to Walt Disney to purchase the ABC TV network, local stations, as well as the FX and National Geographic cable channels.

According to a Bloomberg report which cited a person familiar with the matter,

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