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Fed Decision Countdown, Real Estate Risks, and Striking a Deal 7/26/23

The Exchange

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UPS Voting Ends August 22nd

Shawnee: Is there any risk here that of 340,000 Teamster members at UPS that this doesn't actually get voted through? Shawnee: One thing we would never accept an agreement unless we believed in it and we believed this was as far as we could go. We are going to endorse it and fully support it and encourage our members to vote for it. Voting begins August 3rd. It ends August 22nd. A lot of analysts on Wall Street are concerned about the impact of this deal to UPS earnings. They say quote unquote unequivocally a headwind to earnings.

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