Biden hails labor deal aimed at ending UAW strike

-0.80%

-1.98%

-0.51%

-0.18%

+0.27%

Dow Jones Industrial Average DJI	42931.60	-0.80%
Ford Motor Company F	10.88	-1.98%
General Motors Company GM	48.93	-0.51%
S&P 500 index SPX	5853.98	-0.18%
NASDAQ IXIC	18540.01	+0.27%

WASHINGTON, Oct 30 (Reuters) - President Joe Biden on Monday hailed a tentative agreement reached between General Motors GM.N and the United Auto Workers union aimed at ending a walkout by the auto workers.

Biden, at a White House event on artificial intelligence, opened his remarks by saying the agreement is another piece of good economic news and ensures the Big Three auto makers can still lead the way on quality and innovation.

(Reporting by Trevor Hunnicutt and Steve Holland
Editing by Chris Reese)

((Steve.a.holland@thomsonreuters.com; www.twitter.com/steveholland1; 202 898 8300; Reuters Messaging: steve.holland.reuters.com@reuters.net))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.