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

Good morning, today is Friday, August 11th, and I'm your host Julie Morgan.

Union Trouble for major automakers.

The Supreme Court will hear arguments on the Purdue Pharma Bankruptcy Settlement,

and Hawaiian Electric sees a double digit drop.

Here's what's making headlines today. Electric sees a double digit drop.

Here's what's making headlines today.

General Motors Ford and Stellantis

slid Thursday amid worries that a strike or a big union wage increase may be imminent.

It also probably did not help that the United Auto Workers Union President

tossed STLA's contract proposals in the garbage on Tuesday. GM was down 5.8. is

on Tuesday. 5.8% while Ford fell 4.5% on Thursday.

STLA was down 1.8%.

Tensions remain high between the manufacturers and the United Auto Workers Union as

contract negotiations continue. Should a contract not be agreed upon, the union could strike next month. The UAW is reported. be which would include a 20% jump in wages from the start.

UAW President Sean Faines said in a statement that STLA broke a pledge not to seek give backs in this round of talks.

Last week, General Motors traded shots with the UAW ahead of the September 14th expiration

of the current four-year labor contract.

The company said it expects to offer unionized workers higher wages but warned that granting the United Auto Workers contract demands for large pay raises would hurt its ability to make sound business decisions.

Stelantis is the lead negotiator with the UAW,

but the union has also presented demands to General Motors and Ford.

Bloomberg reported citing people familiar with the company's estimates that the

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