Straight to the gm plant in detroit. Where do negotiations stand now . Reporter david theyre happening behind closed doors a few miles away from here in downtown detroit and were not hearing much from them. Perhaps that bodes well for gm stock it was down about 4 at the closing bell yesterday today back up about 3 . The strike now, seven hours from entering day three, picketers are right now making a strike salary of just 250 a week, they admit they cant keep this up forever, but they are trusting Union Leaders to negotiate a deal in their best interest. I dont know about everybody else, but i rely on my healthcare, and i need it. For people to think that were overpaid, it only takes one person whose actually worked on the Assembly Line to understand where were coming from, so i am very passionate about what were fighting for and i believe in my union and i believe in our leaders they will do the right things. Reporter so how long can General Motors keep this up thats another important question. Some analysts say they stand to lose 100 million every single day that this strike goes on, but analysts also say they have about 77 days of inventory, so in a way, its a game of chicken to see who can outlast who, but its looking increasingly likely , david, that this strike is going to last at least until day three, maybe until later in the week. David all right, grady thank you very much. We will continue to monitor for any new developments in the negotiations. Meanwhile, auto workers are paying a very high price for the strike with many having to wait almost two weeks before receiving any assistance, the 250 a week, and now that only comes to 6. 25 an hour. Its below the federal minimum wage. It leaves many unable to cover necessities like rent in detroit for example, so is the strike really worth it . Steve what do you think . On the one hand theres such a surplus of jobs and a shortage of workers so from the workers standpoint this might not be a bad time to strike, because gm doesnt have a lot of alternatives, so in that sense, they probably have a little bit of Bargaining Power and by the way thats one of the things we wanted. We want workers to get higher wages. On the other hand, this is a tough time for a lot of the Auto Industry. Theyre looking at downsizing as the Auto Industry changes, theres a big article in the wall street journal about how the Driverless Cars and where theyre assembled and made is going to change that industry a lot so its a high Risk Strategy by the workers. My hope is this gets resolved as quickly as possible, so that gm can remain in business and the workers get a little pay raise. Yeah, i think there are times when the unions really help the workers and it sounds like gm has put a good option on the table, and so perhaps this isnt the best time for them to be pushing the envelope. Its also a little bit hard to be as empathetic given the fact that the uaw did get a huge bail out during the auto bailout. It wasnt a bailout of gm but to the uaw to the tune of about 23 billion so thats another factor that comes into play here there is, this is part of the 10year history of this back and forth between gm, the workers and the marketplace for that matter. It used to b bailout in 2009 that gm was a massive hmo that also made cars. Its paired back its workers massively. Its paired back its expenses so this core of workers is incredibly well paid relationship relative to the average nationally but arent having the benefits they did pre 2008 and there is this is probably on the left just like on the right, for a time when they had Massive Health care, guaranteed lifetime employment and even higher wages. I dont think either the company or its workers if you look at the past 10 years, have done an overly good job adjusting to the world that is rather than pining for a world that was. This goes far back before the bailout, this goes back decades of the boss not serving the rankandfile they supposedly reported to serving and these Workers Union dues have gone up 25 . The president s salary that is the union boss president salary has gone up 30 meanwhile they have what 10 people who have been arrested for corruption and this happens over and over again the unions force higher than market wages which of course leads to layautographs and people want picket lines and they are not training for that new generation of jobs building the new skills being told by the unions, just market round in the picket line and some other Government Force will come in and see you. David just a small correction for jonathan. Theyve been charged, ten officials charged but it is the corruption is a huge story. They may eventually be arrested, indicted. Charged. David the detried news by the way had a very interesting piece saying blame the strike on uaw corruption. Now the detroit news knows the uaw better than any newspaper in america, and what theyre saying is that all those workers who are giving up 1,000 a week not to mention gm paying 100 million a day for this strike, really are at the mercy of these corrupt Union Leaders who were using the strike as a means to cover up for their own in discretions. What do you think of that . I think theres a lot to that and by the way the other thing going on in the Auto Industry weve talked about so many times on fox business is were not losing auto jobs, michigan is losing auto jobs because a lot of are no going to the right to work states as you know david where the employers and the Auto Companies dont have to deal with these corrupt unions. We really have no idea what the right market price is for these workers because of the fact that weve had these middle men in the middle of this the entire time, the fact that there is a union, the fact that we did a bail out with the union first, the fact that they are charging these crazy union dues that potentially if you didnt have them in the middle of this would go directly to the workers we dont really have a good sense of what these workers should be paid. But the point that gm has offered they are going to invest what billions of dollars, they are going to create 5,000 new jobs, they are going to keep the Health Benefits the same and offering signing bonuses and an increase to base wages so what other type of industry has the type of assurances and guarantee s these Union Workers think they are entitled to because they happen to make cars Union Bashing is simple and easy but a lot of the contemporary political workers in america where they had more security was also where unions had more power and maybe they were often corrupt nobody could hold a candle, that kind of corruption but they did have a baseline ability to guarantee a certain minimum standard of both wages and benefits for workers that a lot of people on both the left and the right feel was a better time for our Economic System than a purely, you know, free market one. David we havent had a time like this where we have as many jobs as we have. Thats part of the evolution that this economy has taken. Steve youve written about this. The fact is that right now, we have many more jobs than we have job seekers and part of that is because of the evolution of the economy. Maybe there was a time where we needed unions but im wondering particularly corrupt Union Leaders you dont need them, right . Look i do believe in the right to unionize and i do believe that the union should have the right to collectively bargain. What i strongly disagree with is states like well you know a lot of these midwestern states that have forced union rules that force people to join those unions and pay dues, thats just not fair and i think again its one of the reason a lot of those auto jobs have moved to states that are right to work. David all right thats got to be the last word. New details were getting about involvement in the attacks on saudi oil facilities, we are now hearing that iranian cruise missiles were actually involved. How should the president respond well ask republican congressman jim banks with us next. If i ran conducted this latest attack to pressure President Trump to back off, they will fail. At fidelity, we believe your money should always be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Of the value youll find at fidelity. Performance comes in lots of flavors. dramatic orchestra theres the ampedup, overtuned, feedingfrenzyof sheetmetalkind. And then theres performance that just leaves you feeling better as a result. Thats the kind lincolns about. Its something we take personally, and believe in passionately. Its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. 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Were locked and loaded, and were ready to defend our interest and our allies in the region. As the president said yesterday, its certainly looking like iran was behind these attacks. Our Intelligence Community at this very hour is working diligently to review the evidence, the secretary of state is traveling to saudi arabia today. David Vice President mike pence doubling down on the president s statement that the u. S. Is locked and loaded after the drone attack on oil fields in saudi arabia. Now the good news is that oil prices dropped today amid a report that saudi arabia production has returned already to preattack levels. The bad news . U. S. Officials are now telling fox news that iranian cruise missiles in addition to the drones were used in the attack and that the weapons were fired from inside iran. Here now is House Arm Services Committee member jim banks. Congressman President Trump says hed like to avoid war with iran nobody wants a war but how should these attacks be handled if indeed iran was behind them . David, we need to keep doing what were doing. The retaliation of the iranians against saudi arabia is a testament that the maximum Pressure Campaign by the tough sanctions that this president has placed on iran are working and we can ratchet up those sanctions, but at the end of the day, we need to keep doing what were doing t domain tape that Pressure Campaign. I have no doubt thats what this president will do. The facts speak for themselves the iranian economy is literally caving in and feeling the effect s of those sanctions, the iranians have at this point acting out because thats all they can do and if we keep doing what were doing ultimately were going to succeed. Congressman, thank you for being with us and what were not doing is use of force of course thats what the phrase locked and loaded kind of suggests. Look both iran and saudi arabia are bureaucratic, islamic, third world countries. Why not in effect let them fight it out, not unlike iran and iraq did for the better part of 10 years as against getting american troops or lives involved in most likely another blood it conflict in the middle east . I appreciate that thats been this president s approach. The president has shown remarkable restraint in dealing with iran, and allowing some the things to occur and meeting those with a legitimate response , without getting america into another war. Thats been the president s approach all along. The maximum Pressure Campaign has led irans economy to the br ink of destruction and the facts speak for themselves negative 12 Economic Growth in iran, 40 inflation. Today, the oil revenue for iran is only 10 of what it was before. So youre not going to support any use of force, briefly, you wont support any use of force by the u. S. . At this point it doesnt appear to be necessary. Thats what i appreciate about the president s approach in how hes dealt with each of irans provocation. That doesnt mean that america isnt prepared to go to war. Its a big reason why this president has worked with myself , other members of the Arm Services Committee to build the most powerful military that weve had in a very long time and building up the American Military and showing a greater presence and force in the region , but this president is doing everything that he can to avoid going to war and thats what i appreciate. Congressman as well as you may be reiterating the administrations talking points im not so sure that a region thats veering toward greater in stability with the saudis on one hand, and the civil war that displaced millions of people without any objection on the part of washington combined with an iran that is suing, that it too may resort to force in these two countries may stumble their way into war. Im not sure how that justifies your point that the president s approach is working spectacular ly. What if they go to war. Well you can name a number of what ifs and we can have a hypothetical conversation but the facts speak for themselves. The iranian economy is on the br ink of a collapse and either its an overthrow of the government by its people who have had enough by the way, 17 18 Pension Funds in iran are in the red. The rare people arent going to allow same is true in illinois. I live in illinois. We might be doing that. Congressman, its carol ross. Im not trying to overthrow illinois but i do want to get your take on what you think irans end game here is. Do you think they are trying to bait the u. S. Into war to cover for a variety of potentially nefarious activities or some other reason . Well its pretty clear to me that the iranians while today theyre not willing to come to the table and meet with President Trump to negotiate a better deal to replace the failed jcpoa . I do believe thats on their horizon they dont have any other choice if we maintain the maximum Pressure Campaign. That is the administrations approach. That has been the approach since the very beginning, to force iran into a corner, so they come back to the table and negotiate a deal that will forever not allow them to pursue nuclear weapons, and will takeaway funding that will prevent them from funding their proxy groups that Fund Terrorism in that part of the world. Thats the end game. Thats been the president s approach and so far i appreciate how the president has handled the situation with iran. This is steve moore here. Watching the events over the last three or four days, it seem s to me to be a reminder of why its so important that were increasing American Oil Gas production, and i wonder if you could maybe talk to your democratic colleagues who say that we should shut down fracking and other oil gas developments in the United States, and remind them how important it is because of the instability of the middle east. Steve you make a great point , Energy Independence is a National Security asset for the United States of america. I also appreciate that this president has remodeled the reagan era peace through strength in a way building up the American Military deterrent to iran doing harm on the United States of america. David congressman banks thank you have much for being here and again thanks for your service in the armed forces we appreciate that as well. Coming up next we hear exclusively from apples chief operating officer on the tech giants big bet on america. I get it all the time. 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