Page 46 - Auto Sector News Today

16% less than a comparable white american in the same job. yes, african-americans vote democratic, but remember the turnout was down in 2016 after the obamaary -- obama years and the key is to get them out. lets look at those who are left behind, those in the manufacturing sector and this chart focuses on the auto sector. you can see that on the inflation adjusted basis, autoworkers wages peaked back here in november of 2002 at about 31 or so dollars an hour. they have literally gone down 26% af...

Agreement and/or get the fed to lower interest rates and quit that quantitative tightening, wed hit dow 30,000. and i say that when the day after president trump got elected, i was on another network and said that we would hit dow 25,000 on the basis of president trumps economic program; tax cuts, deregulation, the unleashing of our energy sector, leveling the playing field on trade. and weve done that. so we need to get the next leg up, in my view, is u.s./mexico/canada deal is critical to that...

Legislative priority of the year. work working hard to deliver that message in congress as they need to move forward with the agreement and the assurance and certainty that it will bring. business right now with the tariffs on many fronts and the uncertainty about usmca is struggling to make decisions for the long term about where to invest in bricks and mortar, where to hire and were hopeful that moving forward on usmca and putting that tariff threat behind us can be a benefit to the economy mo...

Legislative priority of the year. work working hard to deliver that message in congress as they need to move forward with the agreement and the assurance and certainty that it will bring. business right now with the tariffs on many fronts and the uncertainty about usmca is struggling to make decisions for the long term about where to invest in bricks and mortar, where to hire and were hopeful that moving forward on usmca and putting that tariff threat behind us can be a benefit to the economy mo...

Of boris johnson. >> and what were not talking about is covert russian support for brexit. and when brexit unexpectedly won in june of 2016, the russians realized, wow, we have this candidate whos also against immigration in the united states and maybe we can do the same thing there. it was a predicate for what they did here and nobodys talking about that. >> certainly an important topic. if the president moves forward with some sort of trade deal with the uk, what does that do for our relations...

Companies. why in because they have supply chains in mexico. you saw the dow sell off 274 points. nasdaq, s&p all in the red. the issue, mexico is one of the u.s. largest trading partners. wal-mart or ford, gm, they all have supply factories in mexico. so those stocks, the auto sector, especially, is selling off today. one example chevy blazer made completely in mexico. so we could potentially start to see the price of several goods start to increase as these trade tensions now shift to mexico. ...

Cnbc joins us live from london. whats the market reaction to this? >> reporter: global markets have reacted negatively across the board to this development. overnight asian stocks traded lower. japanese stocks in particular a here in europe we are seeing markets react negatively as well. auto stocks in particular are taking a step down, the auto sector has a highly global integrated supply chain and tends to be very sensitive to any developments when it comes to trade. of course, investors had a...

>> you also have to make the point some of the presidents policies are hurting ohio. on the auto sector, it has been very clear that his steel and aluminum tougariffs, gm and for have lost a billion dollars because of tariffs. the presidents push to build that wall on the southern border also may mean that some money that was meant for an airport in toledo, ohio, that money would not happen because some of that would be repurposed potentially to go for the border wall. thats where theres some te...

We just pulled the numbers before i came to see you. did you realize since the election, there are 56,000 more autoworkers in the u.s. than there were when he was elected. when the president sees something like 56,000 more jobs in the auto sector and sees a plant closing, hes sort of puzzled about it. i dont want to speak about a specific company, but i think hes right given the big expansion of production and employment were seeing undurable goods and autos. probably someone is going to buy the...

Criticized the local union president. the tactics familiar. ford and carrier, the president leaned on them heavily. >> totally because there is only so much you ca do. this is from like the ultimate capitalist who would hate to be threatened to do something that was not good for his business. before you go, there are things that he is doing that have actually hurt the auto sector, as well. for example, the steel tariffs. the ford ceo said it would cost a billion bucks in profit. >> gm has said t...