Strike?

Wait, what strike? Oh, oh, that one.

You're listening?

Motley full money. I'm Ricky Mulvey joined today by Bill Barker.

Bill, good to see you.

Good to be here.

So one of the more exciting companies, at least right now, reported earnings this morning.

General Motors beat top and bottom lines but pooled guidance

because of the ongoing United Auto Workers strike. Often when management pulls guidance or

lowers it a little bit investors react negatively and there's a big sell-off

Didn't seem to happen in this case. What do you think's going on?

Well, I think that polling guidance is usually a sign that things have gone wrong or going wrong and the particular reason that no guidance can be given is already known.

The strike really has no definite end point and there's no

bargaining power that you can improve by saying well we think this is going to clear up at some certain point.

So we just take a step back, say we can't tell you what the next quarter is going to be like.

You already knew that.

You know, the market is going to react to the actual news which in this case is

what happened in the past quarter rather than what's happening in the near future.

Yeah there seems to be multiple games being played in this case where GM is not just reporting to shareholders,

but also there's the political game of what do you do about this strike.

There's a little bit of a disagreement between CEO Mary. game of what do you do about this strike?

There's a little bit of a disagreement between CEO Mary Barra and the United Auto Workers

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