UAW Appears To Be Winning The Strike For Now

We expect General Motors (GM) and Stellantis (STLA) SUV plants to be on strike any day after the UAW hit Ford’s Kentucky truck plant, notes Morningstar’s David Whiston. He and Andrew Wang discuss how the UAW strike will affect earnings for Detroit’s Big 3. Andrew highlights that 2023 consensus estimates for automakers are likely to be lower and analysts are looking at hits to the Detroit three bottom lines due to wage increases. He talks about how a prolonged strike could impact spare parts at dealerships and E.V. production. David mentions that the UAW appears to be winning strike for now. Tune in to find out more about the stock market today.