WEBVTT

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Ford saying it fast tracked a pay boost for 8000

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UAW employees as of Labor Day. This after the

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union made a counter offer ahead of next week's strike

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deadline. Let's get your team coverage. Bloomberg's A

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Mh alongside Kie Lyons in Washington DC. Kelly Lyons

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. What's the latest? Well, I would point

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out that this raise for these 8000 union represented workers

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at Ford is a product of something that was agreed

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to back in 2019. That is when those negotiations

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happened. It's just accelerating now the time it takes

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for a worker to reach the average top rate of

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$32 an hour. And Ford said in a statement

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that these pay raises are an example of Ford's commitment

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to improving the lives of our hourly workforce. And

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we are offering further improvements in the next contract because

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of course, John, it is now the next

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contract that is an issue here. The current one

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expires on September 14th. And so we are staring

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down that deadline for these negotiations to actually result in

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a deal. And of course, this isn't just

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for GM and STIs are also locked in these conversations

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with the UAW. And if you remember just last

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week, the UAW filed a lawsuit against those two

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car companies saying that they weren't bargaining in good faith

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. Now, the late this there is, we

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do expect that GM and the U A are going

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to talk today, the union has said it does

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expect to get an offer from GM. Then first

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, thel is they are expected to present an offer

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by the end of this week but time is running

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short. We are just a week out now from

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that contract expiration. Remember the union itself has called

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some of what it is asking for audacious 46% pay

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raises 32 hour week, week, work week,

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other benefits related matters as well. And GM has

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been here before in 2019, there was a 40

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day strike of that automaker in particular that cost the

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company billions of dollars in I do so this is

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really go time here, John 150,000 workers risking walking

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out of all three automakers at the same time.

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If an agreement can't be made, it is go

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time. Anne Marie. What's the official line from

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this White House on this dispute? Well, you

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saw it out in the open yesterday, Jonathan,

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this White House wants to be seen as they are

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on the side of the unions, especially when they

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come out hailing the product of what happened between the

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dock workers in the Pacific on the ports. But

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overshadowing that of course, is this contentious contract debate

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between the UAW as Kayleigh just outlined and these big

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three auto workers and it puts Biden in a really

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difficult place. We already know that there's an individual

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in the White House that is been working with this

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gene sperling. He wanted someone to make sure they

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were involved in these negotiations. There's a lot of

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consternation within the White House one, the president doesn't

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want to see a strike on his watch. What

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does that mean for the supply chain? What does

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that mean for the impact on the economy? But

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also at the heart of these negotiations, Jonathan is

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a pivotal industrial policy that this administration wants to see

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through and that goes to electrifying the grid. And

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what you hear from the UAE workers is they want

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to know if they're not going to be left behind

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in this push. A lot of these battery plants

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are being developed in the south of America that usually

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doesn't have a pro labor union way of working just

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historically. And second, of course, is the

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fact that they want to make sure these workers that

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are working on ev that they are coming into the

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UAW, that they can look at their wages and

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make sure they're benefiting on behalf of them. So

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it's a really sticky situation for the president and that's

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probably part of the reason why the UAW has yet

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to endorse his re election campaign