S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

The Latest: GM says it made 'strong offer' to its US workers

DETROIT (AP) — The Latest on labor strife at General Motors factories (all times local):

10:45 a.m.

General Motors says it presented what it believes was a strong offer to the roughly 49,000 workers at its U.S. plants, including improved wages and benefits and investments in eight facilities in four states.

The automaker says in a news release that it is disappointed by the United Auto Workers union's decision to have its members at GM plants go on strike just before midnight on Sunday.

GM says its bargainers "negotiated in good faith and with a sense of urgency," and that its goal remains to "build a strong future" for its workers and business.

Union spokesman Brian Rothenberg said at a news conference that although it's still possible the two sides could hammer out a last-minute agreement, it would be hard to believe they could resolve so many issues before 11:59 p.m.

The strike will affect GM plants in Michigan, Ohio, Tennessee, Kentucky, New York, Texas and elsewhere in the U.S.

___

10:05 a.m.

The United Auto Workers union says its contract negotiations with General Motors have broken down and its roughly 49,000 members will go on strike just before midnight on Sunday.

The union's contract with GM expired Saturday night and union officials said the two sides were far apart on economic issues.

___

10:40 a.m.

A United Auto Workers official says the union's General Motors workers will strike if the automaker "refuses to give even an inch" in contract negotiations.

UAW spokesman Brian Rothenberg says in a news release that such a strike would begin Sunday night.

The union let its contract with GM expire on Saturday, raising the possibility of a strike. UAW leaders are meeting Sunday in Detroit to discuss the union's next steps.


Union leaders have said the two sides are far apart on economic issues.

GM said in a statement Saturday night that it still held out hope for an agreement, saying it continues to work on solutions to difficult challenges.

___

8:15 a.m.

The four-year contract between General Motors and the United Auto Workers expired Saturday, but workers were told to report to jobs as negotiations continued and the prospect of a national strike loomed.

The union let the contract lapse, raising the possibility of a strike as early as Sunday night.

There was a wrinkle. About 850 UAW-represented janitors with Aramark, a separate company, went on strike Sunday after working under an extended contract since March 2018.

The strike covered eight GM facilities in Ohio and Michigan. It appeared that GM workers were crossing picket lines Sunday set up by their own union. The Detroit Free Press reported that GM workers at a Flint, Michigan, truck plant reluctantly passed picketers.

GM said it has contingency plans for the Aramark strike.

___

12:15 a.m.

The four-year contract between General Motors and the United Auto Workers has expired as negotiations on a new deal continue.

Union officials told GM they would let the contract lapse just before midnight Saturday, increasing the risk of a strike as early as Sunday night. Union members working Sunday were to report as scheduled.

There was a wrinkle. About 850 UAW-represented janitors who work for a separate company, Aramark, at eight GM facilities went on strike Sunday. Factory workers may not cross their picket lines.

UAW Vice President Terry Dittes (DIT-ez) tells members in a letter that the union and GM are far apart on economic issues. Talks continued Sunday.

Two groups of union leaders will meet Sunday to decide the next steps.

GM said it's prepared to negotiate around-the-clock.

Should you invest $1,000 in General Motors right now?

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Aramark (ARMK)
3.9662 of 5 stars
$31.86+2.1%1.19%13.33Moderate Buy$33.04
General Motors (GM)
4.6916 of 5 stars
$42.38-0.2%1.13%5.80Moderate Buy$51.57
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