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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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Trump Says US Will Give Ukraine License to Make Patriot Missiles

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President Donald Trump, speaking at the NATO Summit in Ankara, Turkey, says the US plans to give Ukraine a license to make their own air defense Patriot missiles. During a meeting with Ukraine President Volodymyr Zelenskyy, Trump says it’s very complex, but we’ll “show them how to do it.”
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Ukraine Seeks Faster Patriot Production

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Axios defense reporter Colin Demarest says President Donald Trump’s proposal to let Ukraine produce Patriot interceptors faces significant manufacturing, licensing and technology hurdles, making it unlikely to address Kyiv’s immediate air defense needs. He says shortages of advanced interceptors continue to raise broader questions about defense industrial capacity, while Ukraine’s rapid innovation in drones is reshaping how allies think about modern warfare.
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Paramount-Warner Bros. Deal Challenged by California, States

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A group of 12 states sued Paramount Skydance Corp. Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery Inc., alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television.  Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust joins Bloomberg Businessweek Daily to discuss.
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Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth

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Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX

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Maine Democrats Face Tight Senate Deadline

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Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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