Janet Yellen Says Economy Shows No Signs Of Downturn, Too Soon To Forecast Potential Impacts Of UAW Strike
Portfolio Pulse from Adam Eckert
Treasury Secretary Janet Yellen stated that the U.S. economy shows no signs of a downturn, with inflation trending lower, a healthy labor market, and robust consumer spending. She also mentioned that it's too early to predict the potential impacts of the ongoing U.S. auto industry strikes. The strikes involve workers from Ford Motor Co, General Motors Co, and Stellantis N.V., who are demanding wage increases similar to the 40% increase CEOs have seen over the last four years.
September 18, 2023 | 4:48 pm
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NEGATIVE IMPACT
Ford is directly involved in the ongoing auto industry strikes, which could potentially impact its operations and financial performance.
The ongoing strikes could disrupt Ford's operations, leading to potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors is directly involved in the ongoing auto industry strikes, which could potentially impact its operations and financial performance.
The ongoing strikes could disrupt GM's operations, leading to potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis is directly involved in the ongoing auto industry strikes, which could potentially impact its operations and financial performance.
The ongoing strikes could disrupt Stellantis's operations, leading to potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80