Fed's Goolsbee Says It Will Matter A Lot How Long Auto Strike Lasts In Terms Of GDP Impact
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has stated that the duration of the auto strike will significantly impact the GDP. The companies potentially affected include Ford (F), General Motors (GM), and Stellantis (STLA). The overall market, represented by SPY, may also be influenced.
September 28, 2023 | 1:48 pm
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NEGATIVE IMPACT
Ford could be negatively impacted by the auto strike, depending on its duration.
As an automaker, Ford is directly involved in the auto strike. The longer the strike lasts, the more it could disrupt Ford's production and negatively impact its financial performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
General Motors could face negative consequences from the auto strike, depending on its length.
As an automaker, GM is directly involved in the auto strike. The longer the strike lasts, the more it could disrupt GM's production and negatively impact its financial performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The overall market, represented by SPY, could be influenced by the auto strike, depending on its duration.
The auto strike could have a broader impact on the market, affecting many sectors indirectly. The longer the strike lasts, the more it could disrupt the overall market, represented by SPY.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Stellantis could be negatively affected by the auto strike, depending on its duration.
As an automaker, Stellantis is directly involved in the auto strike. The longer the strike lasts, the more it could disrupt Stellantis's production and negatively impact its financial performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70