Biden to back UAW strikes in person

United States President Joe Biden said on Friday that he is planning a trip to Michigan on September 26 to show support for the United Auto Workers union and their strike “as they fight for a fair share of the value they helped create.” “It’s time for a win-win agreement that keeps American auto manufacturing thriving with well-paid UAW jobs,” Biden said. Earlier in the day, UAW President Shawn Fain invited the president to join the striking workers. Fain also announced the union would expand the strike to more locations, criticizing Stellantis NV and General Motors Company but noting that Ford Motor Company seems “serious about reaching a deal.” NN: I believe this UAW strike action will soon be resolved. When FORD caves the other will follow. Not a stock market event. The pressure is on as Biden pokes his nose where it does not belong.