Locator: 45509INV.
Existential fight: UAW -- "Last Call" on CNBC called it exactly right -- the union sees this as an existential fight for their jobs; the companies see it as an existential fight for their very survival.
Not a fight that can easily be kicked down the road. If this is too big for the companies to solve, the question is how much money does the US government need to put into this EV transition?
Recession, what recession? Look at this! Link here. This is not a "tech" story -- it's a retail story. Bumping average pay -- and no strike.
In Texas, twice as many as last year (the word on the street: to deliver all those Apple Watches and iPhones 15):
Joanna Stern buys an Apple iPhone 15: link here.
TSM: mulls advanced chip packaging facility in Arizona. Link here.
US: tech leaving China; migrating to the US -- Arizona, Texas -- seem to be in the news a lot. It is amazing how quickly China faded. Sort of reminds me of Russia during the Reagan/Gorbachev years.
EVs / UK: British to delay transition. Link here.
UAW strike: link here. This interview / story continued to play out on a day the overall market was down significantly, but both GM and F were up nearly 2.5%. It's just a snapshot in time, but right now, GM and F investors seem to be happy with the way management is working this issue. At the end of the day, neither side can "afford" to lose. If there was a mistake made by either side, it was the "40%-ask" that Shawn Fain demanded. "Everybody" knew that "40%" was a non-starter. The question is whether "20%" is on the table.
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