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New UAW Contract Drives Up Labor Costs and Drags Down Profit Guidance for Ford

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Ford CFO John Lawler says the automaker must “work on driving productivity and efficiencies” to lower the cost and hours to produce vehicles. The company restored financial guidance Thursday, saying profits would come in lower than earlier projections due to rising labor costs.
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6 Comments

6 Comments

  1. @markets

    December 15, 2023 at 12:05 am

    Take this poll and help shape the future of "Bloomberg Surveillance"

    https://bmedia.iad1.qualtrics.com/jfe/form/SV_41oPm2bYfpiE9zU?source=YouTubeComments

  2. @philipmcardle3087

    December 15, 2023 at 12:05 am

    The only reason EV prices have come down is due to Tesla

  3. @michael2275

    December 15, 2023 at 12:05 am

    Dead man walking

  4. @Fj8282haha

    December 15, 2023 at 12:05 am

    Ford exc trying to sweet talk their stock price is a wet dream and HUGE ALARM for future of ford. UAW contaminated companies and industries is on death march to eventual demise.

  5. @bydarkwaters2055

    December 15, 2023 at 12:05 am

    Someone is living in fantasy land.

  6. @marjoriebreslin2995

    December 15, 2023 at 12:05 am

    No one is buying new cars due to high cost. And high interest rates.
    Thanks joe😮

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Russia Prepares New Attacks on Kyiv as Peace Frameworks Fail

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Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin. Bloomberg’s Anthony Halpin has the details.
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Humanoid Robots Put China Ahead in Tech Race

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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?

At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
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‘We Got What We Needed From This Speech,’ Says Citi’s Kate Moore

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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
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Trump Ally Says Fed Should Hold Rates Steady

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Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.
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Trump Renames Lake Ontario as Lake America, Says Canada Is Ripping Off the US

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President Donald Trump signed a directive renaming Lake Ontario as Lake America effective immediately. “Canada has been ripping us off for a long time on trade,” Trump told reporters in the Oval Office when asked what message he was sending to the US’s northern neighbor.
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