Morning Brew Daily Auto Strike Gets Even Bigger & Tinder Lets Your Friends Play Matchmaker
Oct 24, 2023
The hosts dive into the expanding UAW strike, impacting 6,800 workers and the production of Ram 1500 trucks. They discuss an alarming incident where an off-duty pilot attempted to disable an Alaska Airlines flight, raising concerns for the aviation industry. The conversation shifts to Tesla's legal troubles over vehicle range claims and engaging social trends, including Tinder's new matchmaking feature letting friends play Cupid. Plus, find out how a Chevron mega deal is shaking up the oil market!
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UAW Strike Expands
- The UAW strike targets Stellantis's Ram 1500 plant, impacting its best-selling vehicle.
- This targeted approach could cost Stellantis over $100 million weekly.
Stellantis Overview
- Stellantis, formed from Fiat Chrysler and PSA Group, is a major global automaker.
- Despite offering a 23% wage increase, the UAW leader, Sean Fain, believes they can secure more.
10-Year Treasury Yield
- The 10-year Treasury yield hit 5%, impacting borrowing costs and stock prices.
- Bill Ackman believes investors will return to bonds as a safe haven amid global uncertainty.