Transcripts For CNNW CNN 20240703

The gloves are apparently really off between those two. Well see where this goes thank you, caitlin. Good evening, im abii phillip, we bring with Breaking News that will have as massive impact on the entire United States economy. Less than two hours workers across the country are going on strike against the three auto makers. The first ever simultaneous of ford, General Motors and stellantis. Which owns jeep and chrysler. Were expected to hear from the president of United Auto Workers. 145,000 union members. Economic impact of 5 billion dollars. The union is demanding 40 pay increases. Better benefits and a fourday work week. Among the players in this whole saga is shawn fain, shes that uaw president who has been pretty unpredictable in talks so far. Also, the ceos of these companies who say that the demands will them out of business. Also there is the president himself. President biden. Hes under pressure both economically and politically tonight. First lets start with cnn Business Correspondent vanessa. Who is live outside of the uaw headquarters in detroit. Vanessa, less than two hours until the contract is expected to expire. Where do things stand in the negotiations now . Listen, abby, deals have come together in the last moments. Two hours is not a lot of time to come to an agreement. Were waiting moments away from uaw president shawn fain to announce exactly where the uaw plans to strike starting at 12 00 a. M. Friday. Tomorrow. Hes going to be will you have from inside this uaw headquarters. But in terms of what the offers have been, General Motors came with a new economic proposal earlier this morning 20 praise across four years. Matches fords 20 offer and stellantis was at 17 and a half at the last public offer. As you mentioned thats nowhere close to the 40 the union has been looking for since day one. And what we expect to hear from shawn fain is that they are going to target select plants by activating select unions across the country. That is by design, to keep the companies guessing. So that they have to try figure out whos going on strike and who is not. That leads some workers still in the plants working. It is very unclear. Because there will be no contract. What will happen to those workers. Ford ceo earlier telling me that those workers will likely not be paid. But in just moments, well hear more about the rollout plan, as theres two hours until this very critical deadline. About that 40 pay increase that the unions are asking for. You spoke with the ford Ceo Jim Farley about this earlier today. Tell us what he had to say. Yes. The union is tying this 40 in pay increases to what they say the ceos of the big three made in the last three years, i will point out that ford said jim farley only received a 21 pay raise. Thats very close to what they are offering workers. But ultimately, he says a 40 pay raise for workers is out of the question. 40 would put us of our business, we would lose 15 billion dollars. We would have to cut people. Close plants . Whats the good . Its not a sustainable business. Theres a fine line. Which is we want everyone to participate in our successly but it prevents us from transitioning the efs, like we have now the f150 best selling vehicle in the world in the u. S. Everyones job is at risk if we dont invest i spoke to jim farley about two days ago. He was very optimistic that ford could reach a deal with the uaw. And avert the strike. But as days went on, you could see him becoming less and less certain that would happen. Of course, abby, two hours to go. The clock is ticking. We have seen deals come together in the final moments but as it stands now, at 12 00 midnight, we could expect thousands of uaw workers to head out to the picket lines. That, of course, will cause disruptions in the Auto Industry and beyond in the whole economy here in the u. S. Abby significant night. Were standing by for the announcement. I know that you are too. We will get back to you as soon as it happens. Next, i want to bring in a uaw member, charles wade, whos at a Ford Assembly line in michigan. So charles, can you tell us what are you and your colleagues feeling tonight ahead of the possibility of this historic strike . Anxious and ready to create a new standard for the american worker. You talk about a new standard. Is that what this is about for you . Its about a quality of life. Farley wanted to say im going to interrupt you. Uaw chief shawn fain is speaking now, bargaining with ford, General Motors and stellantis. For the unfortunate in our unions history, we had all three Companies Bargaining at the Solidarity House leading into the final hours of the deadline. Weve been working hard trying to reach a deal for economic and Social Justice for our members. We have been firearm. We are committed to winning an agreement with the big three that reflects the incredible sacrifice and contributions uaw members made to these companies. Weve been open. The companies, the members and public know what weve been fighting for. Weve been clear. Midnight on the evening of september 14 and is a deadline. Uaw family, that deadline is nearly here. Tonight for the fetal heart in our history, we will strike all three of the big three at once. We are using a new strategy, the standup strike. We will call on select facilities, locals or units to stand up and go on strike. Tonight we call on three units to stand up and go on strike at midnight if we do not reach a tentative agreement in the next two hours. Were calling on gm, windsville Assembly Local 250 in region 4 to stand up and strike. Were calling on Stellantis Toledo Assembly Complex local 12 and region 2 bto strike. Were calling on Ford Michigan Assembly plant. Finally assembly in paint only, local 900 in region 1a to stand up and strike. These three units are being called to stand up and walk out on strike at midnight tonight. The locals that are not yet called to join the standup strike will continue working under the an expired agreement. No contract extensions. Though the contract is expired, most of your contract is still in effect. Management cannot change terms and conditions of work in your workplace. You do in the become an employee at will. You cannot be fired or disciplined for no reason. This strategy will keep the companies guessing. It will give our National Negotiators maximum leverage and flexibility in bargaining. If we need to go all out, we will. Everything is on the table. I encourage you to visit uaw. Org stand up for everything you need to know about working under an expired contract. No matter what, all of us need to keep organizing. Rallies, protests. Red shirt days. s community events. We must show the companies youre ready to join the standup strike at a moment. Notice. We must show the world that our fight is a righteous fight. Again, tonight at midnight, gm windsville assembly, local 2250 in region four, Stellantis Toledo Assembly Complex. Local 12 and region 2b and Ford Michigan Assembly plant. Final assembly and paint only local 900 and region 1a will stand up and walk out on strike. The rest of us will keep organizing and support them on the picket line. If we strike tonight, im see you on the picket line at Michigan Assembly at midnight. Tomorrow well be holding a mass rally at the Uaw Ford Joint Trust Building in Downtown Detroit at 4 00 p. M. We will show our strength and unity on the first day of this historic act. All options remain on the table. National leadership will determine the appropriate targets and timing for furthers standup strike acted. This is our generations defining moment. The money is there, cause is righteous, the world is watching and the uaw is ready to stand up. This is our defining moment. Thank you. You were just listening there to shawn fain, the president of the United Auto Workers made an important announcement that at midnight if thats no deal, which there is not yet. Hes called on three plant to go on strike. Striking three of the big three auto makers at once. Fain said everything is on the stable and he will use them to gain maximum leverage against the auto makers. Going back to charles wade. Charles, youre a uaw who works at one of the plants that shawn fain just mentioned. So you plan to go on strike at after midnight if there is to deal . I plan on going to join them as soon as it starts. And thats 6 00 a. M. Ill be shuttling people to make sure in any get out their membership to the line to hold the line for the strike line. Well be out there picketing the next, till they get a tentative agreement. Were ready. I noted mr. Fain said the a generational fight. What did you make of what he had to say along with the announcement of the strike. Absolutely. Like i said were trying to make a new standard the for the future. My children, to make this a job thats a career. Not a job. And i hired in it was a career. Made me feel i was proud to build a car that i built one now 70 easy of most of these plants cant afford a vehicle they build. Theyre buying foreign vehicle because they cant afford the vehicle that they build. When he says everything is on the table. How long do you think this can go on . Are you willing to strike for weeks months, longer . Until its equitable and fair for everybody in the uaw. The retirees, the new hires. We need to pop up the hire pay from 16 to a livable wage thats not creating these families that are struggling. Im a legacy that has a pension, lets get some pensions in there, give these guys these new hires and folks something to look forward to. Lets support our retirees. Do you have a sense how this strike, three separate plant in different parts of the country, each impacting one of the different auto makers. How will that affect the every day person . Give us a sense of what this means for the production of a car that an american might be driving home . Well, throughout history, every time the uaw has went on strike against the big three, theres anything that weve had significant gains on, it affects the whole united, the nation in positive ways. If our raise, if our pay goes up, we spend more. Were consumers. Were the middle class. And somewhere along the lines we forgot about and now were just upper poor. If you dont get the middle class back, well have a stalling in a minute economy. The more money you give us the more well spend, more likely to be able to afford and buy one of where you are cars earlier the ford Ceo Jim Farley said that a 40 increase over four years for auto worker would say bankrupt his company. Whats your reaction to that he is wrong. But at the same time, i can see where hes coming from in a Strategic Point of view. Were only 6 of the cost of the vehicle. If thats the case, tell him to stop gouging the consumers that arent the workers at 30 more on Vehicle Tag Gouge up the price on 30 on all vehicles. Charles wade. Thank you very much. Good luck to you, well be following this story. Important tiktok. Thank you. I want to bring in democratic congressman Dan Kill Defrom michigan. Thanks for being here. You her the announcement there from shawn fain at the uaw. What do you make of what he just said tonight . Well, you know, i stand with the workers of the uaw. These are my constituents. Tens of thousands are people that i work for. Look, they are fighting for the future. You know, it was a couple of generations ago here in my hometown of flint workers referred to a sitdown strike. Back then. Workers occupied the factories and got the first uaw contract. As the previous guest said. That led to the creation of the middle class in the United States of america. So what the happened in the last couple of decades is much of what was gain was lost. In fact. The workers that were talking about actually made concessions in order to keep the american Auto Industry alive when it was challenged back a decade or so ago. So this negotiation is really about getting back to that principle that says if you work hard, work for a high. Successful company, highly profitable. That the workers ought to share in the incredible wealth their productive hands actually generate. Thats what this negotiation is about. And if it does result in a strike. That the what the strike will be really focus the upon. So President Biden leading up to this spoken to the uaw president , hes spoken to the auto workers. Here we are all quite literally the 11th hour. Theres no deal. And President Biden said he didnt even think a strike was going to happen. Why are we at this point right now . And do you think President Biden and the white house could have done more . I know the president has been engaged on this. Jean sperling part of the president s team. I talk to jean on a regular barricades, most pro Union President weve had in my lifetime. Thats important. But the negotiation is between the worker, the United Auto Workers and the companies. The federal government is not a party to a contract. So we can encourage, we can provide support. But at the end of the day it comes down to the workers and their representatives and the uaw sitting across the table from the companies and coming to agreement they havent gotten there yet. They start the pretty far apart. But theres been progress. While obviously we all want to avoid a strike. What we dont want do is forego the opportunity to build a much stronger future for those uaw families. That the whats at stack at the Bargaining Table now. Everything they can gain as the previous guest. That auto worker from ford said, everything they gain go its right into the u. S. Economy. On the short term, this is challenge, its difficult. In the longterm, whatever theyre able to generate, get at the Bargain Table will benefit not on my auto workers but all the communities, the auto worker salary is what keeps the economy alive. Congressman dan kill dy, thank you very much. Thank you. More and what to expect in the economy tomorrow and the weeks to come. Plus, hunter biden is the first child of a sitting pretty to be indicted as he faces gun charges tonight. Why his lawyer now blaming maga republicans. And the tensions are flaring on capitol hill as speaker Kevin Mccarthy fight to save his job. For up to 44 minutes more restful sleep per night. Save 1500 on the sleep number climate360 smart bed. Shop now at sleep number. Com. Hi, im jason. Ive lost 228 pounds on golo. So when my doctor told me i needed weight loss surgery, i knew i had to make a change. Golos helped me transition to a healthier, sustainable lifestyle. Im so surprised just how crazy my metabolism has fired up. I have a trust in golo cause i know it works. Golo isnt like every other program out there, and im living proof of it. announcer change your life at golo. Com. Thats golo. Com. Hunter biden is the first child of a sitting u. S. President to be indicted. She was charged with three felony gun counts, illegal possession, lying to a gun dealer and making false claim on a firearm application. Its a rather stunning turn of events after the original plea deal collapsed. Heres what his lawyer said on cnn. Its the folks like Chairman Examiner and the republican maga crazies who have been pressuring this u. S. Attorney to do something vine indicate their political possession. Hunter loaned an unloaded gun 11 days. There would never have been a charge like this brought in the United States if this gets to a trial, its possible the would be in the middle of his fathers reelection campaign. Lets keep in mind that the charges contradict joe bidens defense over the years this is not about me. Its not about my son. Theyre not a shred of evidence hes done anything wrong. No one. No one has asserted my son did a and single thing wrong. No one has asserted that i have done anything wrong. Except a lying president. My son did nothing wrong. And lets get something straight. My son did nothing wrong or illegal. Period. Lets talk about what trump did and what hes doing. First of all, my son done nothing wrong. Lets discuss this with cnn legal analyst and former enemy thicks cz ar, also former doj civil rights attorney, and cnn political analyst gloria. I want to start with you, on the substance of these charges. Its start of the story here. The doj kind of declined to go here at first. And that settle on gun charges that are already on shaky legal ground in another jurisdiction. Where does this end. I think its going to end in at least one of the gun charges being thrown out on constitutional grounds. The Supreme Court has said that you have to read the 2nd Amendment, the way it was written at the time that the constitution was adopted. You look at Gun Regulation in terms of what was permitted or forbidden that the another circuit in mind these identical charges are unconstitutional because there was no limit for drugs or Substance Abuse on ownership at the time of the adoption of the constitution. In the third circuit. The range case, abby, closely analogous provision almost identical for former felons unconstitutional. So i believe thats going to fail. This was the subject of a Diversion Agreement because its a weak case. Abby law, one of americas best trial lawyers, the government is going to have a real fight on their hands. I think my friend roger, we dont often agree things. But he probably agrees on my Second Opinion on that. Can i just say, how the tables have turned here. That quite the irony. You have the deferreders of President Biden to try to get President Biden off the hook. Its an extreme irony c do you think to what norm saying, its a weak charge. Because this gun statute being challenged on 2nd Amendment grounds. I think its a strong case. In fact. And the law is clear. You cant lie on a federal form. Thats one of the charges. He lied. Thats not a constitutional issue at all. He said that he was not addicted to drugs when hes a notorious drug abuser. Thats common knowledge. Strong 2nd Amendment appropriate he proponent have issues with selling a gun to in this Case A Crack Addict these things are normally noted the way this was charged. That hunter biden, whatever you think of him was not a felon using the weapon in a terrible way. Also had no prior convictions no prior convictions. Violent or otherwise. Sentencing how severe the punishment will be. I believe its also a question you go to trial. Its a question of whether any other person weve had a parade of lawyers on cnn today basically saying, they personally have never heard of anyone being charged. If you look at the statistics, for example, in 2019, there were only three referrals of these kinds of charges in delaware. Do you know how many were referred to the u. S. Attorney . Do you know how many were prosecuted . 0. This is a disproportion ate treatment, precisely because he bears the name biden. In a normal universe, this would never be charged. I represented people clicking on Weapons Charges for 30 years. This case would never be charged if his name were not biden. Well, hes not being charged on real, here. The dog that did not bark in the indictment are the tax charges. I think this is a smoke screen. Because the plea deal fell apart. It was sweetheart deal. Unusual and a good judge spoke outlet and said look, i have hard questions to ask. It fell apart because there will be immunity for what fell apart related to the tax evasion, we know he received millions. And we dont know that President Biden received any of that money. Im glad you said we dont know. Thats the truth. There is no evidence that he has received evidence. But preventing from asking those questions there is no evidence. I agree. I spoke to a senior white house advisor. Theyre not saying this out loud. They believe that if his name or and i think it is kind of i ron, that republicans are talking about the weaponization of the Justice Department. And now you hear democrats saying wait a minute. Why was this charged . This could be the weaponization of the Justice Department in the special counsel. And you heard abby law talk about the fact that this was influenced by politics. Now the democrats are talking about the Justice Department that really overreached here. Then you have the republicans talks about a Justice Department that wasnt that doesnt do its job or weaponized against republicans. Roger at the end of the day, this has been going on five years. The most weve gotten out of this in terms of charges has been a gun charge that honestly is probably weak. At the end of the day. How much longer does this have to go on for republicans to be satisfied . Its been investigated in the trump administration, under the biden administration, where does this end. When the doj stops politicizing this issue. This is the irs whistleblowers. How can they prove they are not politicizing it when it was a republican investigating it. They didnt bring charges. Its a democrat. They didnt bring charge we have two irs whistleblowers what do they do. Said they were hamstrung, were not able to for example issue to warrant to get documents because narp in President Biden of house. And they were ordered from the top to not do that. When the whistleblower was removed from the position, so you have two folks gone to congress. Theyre heros because theyre exposing that they were interfered with. Corruption of hunter biden to protect corruption at a higher level. Thats not accurately david weiss. The u. S. Attorney in delaware who has deny that strongly and in writing to congress is a trump appointed u. S. Attorney. A senior fbi supervisor. Has rebutted parts of that account. When you talk about barisima, i looked at that in the first trump impeachment. We clouded there was nothing improper as to joe biden. And five and a half years of looking, they have not traced a single penny. Theyve got thousands of documents this congress has been looking. I think that both congress and those who are pressing these false charge against the president , there has to be an end at some point. It is so unfair. Now his son is being punished for it. Its wrong across the board. Let me just say theres a perception here, it may not be reality, of course, that the questions are being asked. Why was hunter biden doing all this foreign work while his father was Vice President of the United States . Thats a legitimate question to ask. Personally i believe that people shouldnt be doing if you had somebody in that high end office, you ought to be limiting your foreign lobbying. And so thats a legitimate question. But taking it beyond that and saying that you know, joe biden was involved in his sons Business Other than a few phone calls in which he may have exchanged pleasantries. Havent gotten beyond that. Showed up with at a dinner with Barisma Executives what was discussed . These are the questions. Is a dinner with his son with Ukrainian Business dealings when he was getting 1 million a year to advise this company, when President Biden, when he was Vice President moved to remove the prosecutor thats democrats and the prosecutor that both democrats and republicans agreed at the time was not prosecuting corruption. I have, to, we have to go. We got to go here. But at the end of the day, whats missing for you, whats missing for me. Whats missing for all of us is evidence of joe biden profiting off of anything that hunter biden did. We just dont have that evidence. Until we do, well keep discussion it. Norm roger and gloria, thank you very much next, anger and swearing erupting between republicans in the house, as Kevin Mccarthy tries to hold off his critics and hold on to his job. If the takes a fight, well have a fight. Plus, the big admission from donald trump about how he considered pardoning himself in office. Jim acosta joins me next. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Loving this pay bump on our allowance. Wonder where mom and dad got the extra money . Maybe they won the lottery . Maybe they inherited a fortune . Maybe buried treasure . Maybe it fell off a truck . Or maybe they switched to Xfinity Mobile the fastest mobile service. Save hundreds a year over tmobile, at t and verizon. Now i can buy that electric scooter. Im starting a Private Equity Fund that specializes in midcap. You do you. Switch to Xfinity Mobile today. Heres why you should switch fo to duckduckgo on all your Devie Duckduckgo comes with a built n engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch, its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Capitol hill is getting a little saltier than usual. Tempers flare and Speaker Mccarthy goes to war to keep his job. In multiple sources tell us mccarthy grew frustrated over the threats against him. Speaker then said, quote. Move the fing motion, hes been facing threats if gop hard liners chug florida Congressman Matt Gates whos threatening call for a motion on the house floor to vacate mccarthy as a speaker. Following that mccarthy pressed the risk of losing the dpafl. Threats dont matter. Sometimes people do those things because of personal things. Thats fine. I dont walk away from a battle. I knew change in washington would noting easy. People would fight or try to hold leverage for other things. Ill continue to focus on whats right for the american people. And you know what if it takes a fight, ill have a fight. Not long after that. Congressman gates weighed in himself. Im concerned for the speaker that he seems to be a little rattled and unhinged in a time we need folk and strong effort. Whether or not mccarthy face as motion to vacant is with his own hands. All he has to do is come into compliance with the deal he made in january. And joining us cnn anchor jim acosta. Jim. This, theres so many interesting things, the Body Language is interesting between mccarthy and gates. Mccarthy seems fed up and gates seems to, as we asked him earlier this week, throwing out these threats that he cannot substantiate. What do you think . Is Kevin Mccarthy at risk of losing the gavel here. He doesnt have lot of job security. I talked to a republican source close to members on capitol hill who said you know, a lot of these more moderate members in the gop conference think a lot of these hardliners are blowing hot air. Problem is it takes one of those members part of the concessions that Kevin Mccarthy made to become speaker. Only takes one number to begin the process to remove the speaker. Hes not in good shape now. The other two dynamics, one the hard liners have the support of the former president , donald trump. They can keep pushing knowing that Kevin Mccarthy will bend to Donald Trumps will. Other thing playing up on capitol hill is that a lot of these hardliners and the Republican Party arent really that worried about losing seats. They feel like they can do whatever they want. The other thing that happened, you mentioned donald trump. Megyn kelly, the Former Fox Host Sat down with trump this week and asked him about the Impeachment Inquiry. This is one of the issues the Impeachment Inquiry into President Biden. Listen to what he said they did it to me. And had they not done it to me i believe and nobody officially said this, but i think had they not done it to me, im popular in the region they like me and i like them the Republican Party. Perhaps you wouldnt have it being done to them. Cliche at this point. But saying the quiet part out loud. Absolutely. Lets be clear about this. Donald trump is kind of the Defacto Speaker right now. Donald trump wants an Impeachment Inquiry. He gets an Impeachment Inquiry. He may want a Government Shutdown by the end of this month. He may get a Government Shutdown. Because the members of this republican conference are listening to donald trump and not Kevin Mccarthy. Kevin mccarthy is following in the footprints of two previous republican speakers, paul ryan and john baner. Both of those gentlemen dealt with difficult members of that Freedom Caucus and hardliners and the republican conference. Two big differences. One, that wasnt a former President Donald Trump back then. Other is Kevin Mccarthy is not as politically skilled as baner or ryan they still paid for it with their jobs. It was Kevin Mccarthy who resuscitated Donald Trumps political career after january 6. Lets not forget that. Mccarthy has himself to blame for this the other thing trump i was asked in a different interview is about what he would have done, whether he would have pardoned himself in those last days of his presidency. Listen to this. I could have pardoned myself when i left. People said would you like to pardon yourself . I had a couple of attorneys that said you can do it if you want. I had some people that said it would look bad if it. I thought it would look terrible. These people are thugs, horrible people, thugs, theyve been after me from the day i came down the escalator with milania. I did great job at president , great jobs, great this, that, we built a military. Everything. I can go on forever. I said the last thing id ever do is give myself a pardon. So i mean, you know a lot of people in trump world. I think some of this has been out there. The conversations what had you heard of whether this was on the table . If youre thinking about pardoning yourself, doesnt that suggest that you think you did something illegal . Well, certainly. I went back and looked at what we were reporting in the weeks after the November 2020 election. I reported in early december that donald trump and his advisors were talking about not only a self pardon for himself. But for pardons for his family. We were talking about a flurry of pardons and his advisors inside and outside the white house were telling him he could do it. I heard a crazy story from one that was say perhaps the president could resign from office. And put mike pence and then mike pence would do the pardoning. And of course, mike pence and donald trump werent really on speaking terms back then. The big show in the Republican Party now. There isnt really anybody it is r inside the gop who is willing to stop donald trump. If you listen to the rest of the interview. Hes talking about how he could continue to declassify documents. Despite the fact that obviously cant declassify documents by looking at them. Hes under the impression and keeps saying he could declassify documents. Hes talking about Vladimir Putin being a person judging the political and judicial process underway here in the United States with trump being indicted in all these different cases. Looks to Vladimir Putin for validation. Just goes to show you that inside the Republican Party right now, donald trump he answers to nobody. Almost like putin in that regard. And seems very comfortable saying pretty much anything. No one bats an eye. And the voters seem to be completely unphased by it. He is leading by a long way in this republican field now. No question about it. As i used to say when he was president as dishonest as he is, he can be remarkably candid and hes being very candid in these interviews. Hes showing as he did when president hes going to be corrupt at times. Hell be Lawless At Times and doesnt have much regard for the Constitution Thanks for being here. I would just say its important just because he says it doesnt mean that its not significant. Its important to note these things. Thats right, slightly. You got to wonder when the party is going to step in and try to do something about it. I talked to my republican sources they know the clock is ticking. Theyre running out of time to stop him from getting that nomination. Jim acosta, you can catch jims show this weekend on saturday and sunday afternoon. Dont miss it. More now on Breaking News, were an hour and a half away from a potential auto workers strike that could have devastating economic consequences across the country. With me is gina smilic the New York Times reporter and mark sand tea, Chief Economist at moodies. When we look at the potential of an economic impact. It could be days, weeks, months of a strike. Could this push the economy ultimately towards a recession theres lots of different scenarios. Depends on how disruptive the strike is. Of course how long it goes on. If its a few weeks, months, maybe two, probably not abby. I think the economy is resilient enough to digest that. If it extended on through the remainder of the year, then the economy would be really in trouble. Of course, its, you know, the economy struggling with other things, weve got Student Loan Payments that will resume. We have a potential Government Shutdown. Higher interest rates. Most recently the surge in oil prices and higher Gasoline Prices is starting to hurt. Theres a lot of head winds to the economy. This is one more. If it extends through the remainder of the quarter, remainder of the year, the odds of recession will rise quite significantly. We just heard the new head of uaw shawn fain. Clearly not man afraid to speak his mind. Spoke about this in generational in terms. Listen to what he had said. Takes heads, pundits, want to say if we strike and wreck the economy. Its not that were going to wreck the economy. Were going to wreck their economy. The economy that only works for the billionaire class, it doesnt work for the working class. Hes talking about this gap that we all know about between the ceos and their workers between the rich and poor. This is the story of this economy this year, seems yes. We have seen clearly workers trying to take back a lot of power in the economy. This is not the first Strike Action were seeing. Weve seen a big uptick in collective action. This is the latest part of this story we saw with the hollywood writers, news outlets. This has been a common theme this summer. I think that its interesting that theyre catching both in terms of inflation, what workers have lost, what theyre trying to regain. But also in terms of profits and the idea that ceos are making so much we need to even on it the Playing Field a little bit. Mark, last question. According to data from the auto website, admins. The average cost of a new car is 48,000 48,000. Thats a huge amount of money. Up nearly 12,000 from what it was just five years ago. These Car Companies are making a lot of money. Why cant they pay their workers a lot more. I think they will pay the workers more. I think its in negotiation. There needs to be compromise on put both sides to get this done. So i would be surprised if we dont see that happening. Both sides have to come to the middle and figure it out. Car companies are doing well. I think workers should share in that success. I think ultimately that will happen. To ginas point the labor market is tight. A lot of unfilled job positions. People have been quitting jobs. This is a time when i think well see that kind of rebalancing between the Negotiating Power between workers and employers. Weve been talking a lot about soft landings here. Whats the word among you know, the folks that you talked to about whether this will have an impact on this prepared picture . Yes, you know, i think it could go both ways. Were seeing data that suggest that consumers are resilient. The labor market is slowing down but doing so in sort of this moderate modest way. But way. But then we have this coming down the line, could be significant. Student loans restarting in october. We have a hire interest rate. Theres a lot happening right now to derail the recovery. So i think you got to keep your eye on these risks and say, theyre small individually. Are they going to add up to Something Big and aggregate for the biden administration, theyre navigating the tricky waters too, probably a moment there is that heing up a little bit late tonight to see if they can work this out. Thank you for joining us, he well be keeping an eye on the story. Coming up next daniel with a fact check with an interview with megyn kelly. Including a claim that one of his rivals is now mocking. Is this the immaculate commendation . Does this just happen in thin air . Air . Relief from Chest Congestion and any type of cough, day or night. Mucinex dm. Its comeback season. Feeling sluggish or weighed down . Could be a sign youre not getting enough daily fiber. Metamucil capsules can help. Psyllium fiber gels to trap and remove the waste that weighs you down. Promoting digestive health, for a better you. Metamucil capsules an easy way to get more daily fiber. Trump would have lobbied at this before she signed it. For him to claim she had nothing to do with it the pentagon pan tently absurd. The backlash against fauci was well underway. Trump claimed he never had an Impeachment Inquiry; he did claim that and he did have an Impeachment Inquiry. Lets listen to what he had to say on that subject. Thats up to them. If they want to do impeachment or Impeachment Inquiry. I never had an inquiry. Nancy pelosi, crazy nancy said were going to impeach him. They didnt do inquiries. They went out and voted. There was an Impeachment Inquiry. House Speaker Nancy Pelosi had it to pressure. This was public. You may remember. A high profile televised hearing. After a televised hearing that was part of the Impeachment Inquiry at the end of the democrats a house released a 300 page report titled the trump ukraine inquiry report. Trump could have said there was in inquiry the second time he was impeached in 2021. Based on his public statements, his speech on january 6. They didnt feel like they needed a lot of investigating of for him to claim he never had an inquiry and democrats rushed impeachment votes not true. To be fair, when impeached twice, sometimes its hard to figure out which one is which. Keep them straight, could be a challenge. It could be a challenge. Thats why we have you here. Thank you, daniel. Appreciate it. Coming up next, we have more on our Breaking News out of detroit. We are one hour away now from auto makers going on strike. Stand by for that. For up to 44 minutes more restful sleep per night. Save 1500 on the sleep number climate360 smart bed. Shop now at sleep number. Com