U.S. President Biden Expected To Send Admin Officials Gene Sperling, Julie Su To Detroit Over Auto Strike Talks
Portfolio Pulse from Benzinga Newsdesk
U.S. President Biden is expected to send administration officials Gene Sperling and Julie Su to Detroit to mediate auto strike talks, according to a Wall Street Journal reporter citing sources.
September 15, 2023 | 2:42 pm
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NEGATIVE IMPACT
Ford Motor Company could be impacted by the auto strike talks in Detroit.
Strike talks could disrupt Ford's production, potentially leading to a decrease in revenues and a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
General Motors Company could be affected by the auto strike talks in Detroit.
Strike talks could disrupt GM's production, potentially leading to a decrease in revenues and a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The SPDR S&P 500 ETF could see some impact from the auto strike talks as it includes auto industry stocks.
As SPY includes auto industry stocks, any disruption in the auto industry due to strike talks could potentially impact the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Stellantis could be impacted by the auto strike talks in Detroit.
Strike talks could disrupt Stellantis's production, potentially leading to a decrease in revenues and a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75