UK equities as cheap as they’ve ever been versus Europe, strategist says

UK equities as cheap as they’ve ever been versus Europe, strategist saysAlan Custis, head of U.K. equities at Lazard Asset Management, discusses the opportunity in British stocks amid the country’s trade negotiations with the EU.


UK equities as cheap as they’ve ever been versus Europe, strategist saysAlan Custis, head of U.K. equities at Lazard Asset Management, discusses the opportunity in British stocks amid the country’s trade negotiations with the EU.
UK equities as cheap as they’ve ever been versus Europe, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-17
Keywords: news, cnbc, companies, europe, stocks, equities, opportunity, trade, saysalan, cheap, strategist, negotiations, versus, theyve


UK equities as cheap as they've ever been versus Europe, strategist says

UK equities as cheap as they’ve ever been versus Europe, strategist says

Alan Custis, head of U.K. equities at Lazard Asset Management, discusses the opportunity in British stocks amid the country’s trade negotiations with the EU.


Company: cnbc, Activity: cnbc, Date: 2020-02-17
Keywords: news, cnbc, companies, europe, stocks, equities, opportunity, trade, saysalan, cheap, strategist, negotiations, versus, theyve


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Greta Gerwig: How movie directors use salary negotiations to bet on themselves

Greta Gerwig: How movie directors use salary negotiations to bet on themselves”I don’t want to ask for too much” says Greta Gerwig when talking about how salary negotiations work in the film industry. Hear her take on the importance of understanding your value, betting on yourself, and why she’s hesitant to ask for more money.


Greta Gerwig: How movie directors use salary negotiations to bet on themselves”I don’t want to ask for too much” says Greta Gerwig when talking about how salary negotiations work in the film industry.
Hear her take on the importance of understanding your value, betting on yourself, and why she’s hesitant to ask for more money.
Greta Gerwig: How movie directors use salary negotiations to bet on themselves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12
Keywords: news, cnbc, companies, greta, directors, ask, bet, salary, movie, understanding, negotiations, work, gerwig, themselvesi, talking, value


Greta Gerwig: How movie directors use salary negotiations to bet on themselves

Greta Gerwig: How movie directors use salary negotiations to bet on themselves

“I don’t want to ask for too much” says Greta Gerwig when talking about how salary negotiations work in the film industry. Hear her take on the importance of understanding your value, betting on yourself, and why she’s hesitant to ask for more money.


Company: cnbc, Activity: cnbc, Date: 2020-02-12
Keywords: news, cnbc, companies, greta, directors, ask, bet, salary, movie, understanding, negotiations, work, gerwig, themselvesi, talking, value


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

You could be negotiating your salary all wrong

When it comes to negotiating your salary, conventional wisdom suggests you should “go hard or go home.” But new research could turn those assumptions on their head and cause you to rethink how you approach your next pay raise. “We can’t assume that when we negotiate, the negotiation process ends with an agreement and we start fresh right after that. Rather, the negotiation process is part of a broader relationship that we have,” he noted. Co-author Hart said the findings demonstrated that the ne


When it comes to negotiating your salary, conventional wisdom suggests you should “go hard or go home.”
But new research could turn those assumptions on their head and cause you to rethink how you approach your next pay raise.
“We can’t assume that when we negotiate, the negotiation process ends with an agreement and we start fresh right after that.
Rather, the negotiation process is part of a broader relationship that we have,” he noted.
Co-author Hart said the findings demonstrated that the ne
You could be negotiating your salary all wrong Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, findings, schweitzer, negotiation, relationship, wrong, salary, hart, negotiating, process, ongoing, research, negotiations


You could be negotiating your salary all wrong

When it comes to negotiating your salary, conventional wisdom suggests you should “go hard or go home.”

But new research could turn those assumptions on their head and cause you to rethink how you approach your next pay raise.

Hardball “winner takes all” strategies are too short-sighted and fail to take into account ongoing relationships, according to researchers from Wharton business school, who argue that balanced bargaining — or avoiding negotiations entirely — could be the best route to achieving your long-term goals.

“Sometimes by being more assertive, by being more aggressive, you might end up with a better negotiated outcome … but ultimately, through that process, create conflict that causes you to end up with worse value overall,” the report’s co-author, professor Maurice Schweitzer said in a recent podcast.

The findings throw cold water on the traditional guidance of career experts and negotiating books, which Schweitzer said place disproportionate attention on the lead up to negotiations but fail to account for the aftermath.

“We can’t assume that when we negotiate, the negotiation process ends with an agreement and we start fresh right after that. Rather, the negotiation process is part of a broader relationship that we have,” he noted.

The research, which was produced in collaboration with Uber data scientist and postdoctoral researcher Einav Hart, studied 1,200 participants to measure their post-negotiation performance. Six of the experiments were included in the final paper entitled “Getting to less: When negotiation harms post-agreement performance.”

Co-author Hart said the findings demonstrated that the negotiating process should be seen as an ongoing, mutually beneficial relationship. She likened the process to haggling a great price for a sofa, only to face terrible service when it comes to shipping the item.


Company: cnbc, Activity: cnbc, Date: 2020-02-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, findings, schweitzer, negotiation, relationship, wrong, salary, hart, negotiating, process, ongoing, research, negotiations


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

SpaceX restarts negotiations to build its Starship rockets in the Port of Los Angeles

A SpaceX facility under construction in this aerial photograph taken in April 2018 above the Port of Los Angeles. The new rocket factory would build SpaceX’s massive, next-generation rocket called Starship. SpaceX is talking to government officials about building a major manufacturing facility in the Port of Los Angeles, CNBC confirmed on Wednesday. This deal would add 18 acres in the heart of the Port of L.A., on Terminal Island. Port of Los Angeles spokesman Phillip Sanfield confirmed that neg


A SpaceX facility under construction in this aerial photograph taken in April 2018 above the Port of Los Angeles.
The new rocket factory would build SpaceX’s massive, next-generation rocket called Starship.
SpaceX is talking to government officials about building a major manufacturing facility in the Port of Los Angeles, CNBC confirmed on Wednesday.
This deal would add 18 acres in the heart of the Port of L.A., on Terminal Island.
Port of Los Angeles spokesman Phillip Sanfield confirmed that neg
SpaceX restarts negotiations to build its Starship rockets in the Port of Los Angeles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: michael sheetz
Keywords: news, cnbc, companies, negotiations, build, angeles, deal, restarts, rocket, rockets, starship, los, spacex, buscaino, texas, facility, port


SpaceX restarts negotiations to build its Starship rockets in the Port of Los Angeles

A SpaceX facility under construction in this aerial photograph taken in April 2018 above the Port of Los Angeles.

“We know the significance of building Starship in San Pedro,” Buscaino told CNBC. “If San Pedro is good enough for Elon Musk , then it will be good for other innovators.”

The new rocket factory would build SpaceX’s massive, next-generation rocket called Starship. But the deal itself is not entirely new: The company already had approval to build the facility in 2018, with the city and port signing off on a 10-year lease at $1.4 million per year. But SpaceX backed out last year, a move that L.A. City Councilman Joe Buscaino said “was just crushing” given the city’s high hopes for redeveloping the port.

SpaceX is talking to government officials about building a major manufacturing facility in the Port of Los Angeles, CNBC confirmed on Wednesday.

BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas.

SpaceX already leases more than 8 acres of land in the outer harbor of San Pedro. Yet the company largely uses those grounds as a transition point for when its rocket boosters land on a barge and need to be shipped back to SpaceX headquarters near Los Angeles International Airport. This deal would add 18 acres in the heart of the Port of L.A., on Terminal Island.

SpaceX declined CNBC’s request for comment on the discussions. Port of Los Angeles spokesman Phillip Sanfield confirmed that negotiations were ongoing with SpaceX but declined to comment further.

The Daily Breeze, a local L.A. daily newspaper, first reported the news.

Buscaino said that SpaceX CFO Bret Johnsen came to his office two weeks ago and apologized for backing out of the deal the first time, adding that SpaceX had a new vision for how to continue developing Starship. The rocket, designed to be fully reusable and carry as many as 100 people to space, has so far been built and tested at SpaceX facilities in Texas and Florida. But the majority of SpaceX’s more than 6,000 employees work at its headquarters within driving distance of the Port of L.A., so Buscaino believes it’s a natural addition for the company.

“I’m happy to know that Brett saw that it is fitting today, that it is a good business decision to keep its employees in the area,” Buscaino said.

According to the councilman, the new factory would bring 300 jobs – more than two-thirds of which would come from SpaceX HQ. Additionally, Buscaino said Johnsen pushed to see how quickly a new agreement could be drawn up. The facility itself would be a large tent-like structure, similar to those used when Tesla was ramping production of its cars in recent years.

“They want to be up and running within the next 90 days,” Buscaino said.

The Port of L.A.’s commissioners will discuss the permit next Thursday, with a deal coming as soon as the commission’s Feb. 20 meeting.

“We have daily calls with SpaceX and the city entities just to make sure that we’re continuing to be on the same page,” Buscaino said. “This would be a long-term lease agreement with SpaceX, with the investment coming from SpaceX itself.”

The port would provide SpaceX with immediate access to water, key to transporting its immense rocket from a production facility to launch sites in either Texas or Florida. SpaceX currently moves Falcon 9 rockets across the highway on super long trucks, but Starship and its “Super Heavy” booster would be too large to transport on the road.

Buscaino personally is a fan of Musk’s, writing in a tweet that the billionaire “is the modern-day Henry Ford, Leonardo Da Vinci, and Howard Hughes all rolled into one.”

“My message to Elon Musk and other innovators: If you want to try something new, come to my district,” Buscaino said. “We won’t get in the way.”


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: michael sheetz
Keywords: news, cnbc, companies, negotiations, build, angeles, deal, restarts, rocket, rockets, starship, los, spacex, buscaino, texas, facility, port


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The US could still put tariffs on EU carmakers despite new trade talks, Wilbur Ross says

United States Secretary of Commerce Wilbur Ross attends during the World Economic Forum in Davos, Switzerland, on January 22, 2020. FABRICE COFFRINIDAVOS, Switzerland – The United States could still apply tariffs on European carmakers, despite their aim to put together a new trade deal, the U.S. Commerce Secretary told reporters in Davos Thursday. “We are eager to make a peaceful resolution with the EU,” Commerce Secretary Wilbur Ross said at a press conference. The United States wants to conclu


United States Secretary of Commerce Wilbur Ross attends during the World Economic Forum in Davos, Switzerland, on January 22, 2020.
FABRICE COFFRINIDAVOS, Switzerland – The United States could still apply tariffs on European carmakers, despite their aim to put together a new trade deal, the U.S. Commerce Secretary told reporters in Davos Thursday.
“We are eager to make a peaceful resolution with the EU,” Commerce Secretary Wilbur Ross said at a press conference.
The United States wants to conclu
The US could still put tariffs on EU carmakers despite new trade talks, Wilbur Ross says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: silvia amaro
Keywords: news, cnbc, companies, negotiations, trade, united, president, trump, despite, ross, states, talks, carmakers, deal, wilbur, secretary, tariffs


The US could still put tariffs on EU carmakers despite new trade talks, Wilbur Ross says

United States Secretary of Commerce Wilbur Ross attends during the World Economic Forum in Davos, Switzerland, on January 22, 2020. FABRICE COFFRINI

DAVOS, Switzerland – The United States could still apply tariffs on European carmakers, despite their aim to put together a new trade deal, the U.S. Commerce Secretary told reporters in Davos Thursday. The U.S. and the EU have been at odds over trade for about four years, since President Donald Trump was elected and ended negotiations for a transatlantic deal. Trump has said that Europe is “possibly just as bad as China” when it comes to trade and called it a “brutal” trading partner. Trump has threatened to impose levies as high as 25% on one of Europe’s most important sectors – cars and automobile parts. Such a threat, despite recent positive statements from both sides of the Atlantic, is still on the table. “We are eager to make a peaceful resolution with the EU,” Commerce Secretary Wilbur Ross said at a press conference. “But the president, as you heard yesterday, also made it very clear that if that doesn’t work, he would go a different direction,” Ross said.

Ross explained that Trump decided that as long as negotiations are beginning to bear fruit he will continue to negotiate. “He has not ruled out putting tariffs if the negotiations fail,” Ross said. Trump met the European Commission President Ursula von der Leyen at the World Economic Forum (WEF) earlier this week. Speaking to CNBC on Wednesday, Trump said they had a “great talk.” The United States wants to conclude a new trade deal with Europe before the U.S. election, later this year, Trump also said during his visit to WEF. When asked if the timeline was perhaps too challenging, Treasury Secretary Steven Mnuchin said: “We don’t set arbitrary dates on these issues. The president thinks we should move forward quickly.” However, a U.S.-EU trade deal might prove difficult to negotiate. The EU has said until now that it does not want to include agricultural goods in the agreement – something that President Trump is keen to talk. “They barely take our agricultural products, and yet they can sell Mercedes Benz and they can sell anything they want in our country including their farm products, and it’s not fair,” Trump said last year.

The US wants a deal with the UK too


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: silvia amaro
Keywords: news, cnbc, companies, negotiations, trade, united, president, trump, despite, ross, states, talks, carmakers, deal, wilbur, secretary, tariffs


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Macron and Trump declare a truce on digital tax dispute

President Donald Trump and France’s President Emmanuel Macron shake hands as they meet, ahead of the NATO summit in Watford, in London, Britain, December 3, 2019French President Emmanuel Macron said on Tuesday he had a “great discussion” with President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs. Macron and Trump agreed to hold off on a potential tariffs war until the end of the year, a French diplomatic source said,


President Donald Trump and France’s President Emmanuel Macron shake hands as they meet, ahead of the NATO summit in Watford, in London, Britain, December 3, 2019French President Emmanuel Macron said on Tuesday he had a “great discussion” with President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.
Macron and Trump agreed to hold off on a potential tariffs war until the end of the year, a French diplomatic source said,
Macron and Trump declare a truce on digital tax dispute Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20
Keywords: news, cnbc, companies, million, president, oecd, dispute, source, macron, negotiations, declare, truce, digital, french, tax, trump


Macron and Trump declare a truce on digital tax dispute

President Donald Trump and France’s President Emmanuel Macron shake hands as they meet, ahead of the NATO summit in Watford, in London, Britain, December 3, 2019

French President Emmanuel Macron said on Tuesday he had a “great discussion” with President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.

Macron and Trump agreed to hold off on a potential tariffs war until the end of the year, a French diplomatic source said, and continue negotiations at the OECD on the digital tax during that period.

“They agreed to give a chance to negotiations until the end of the year,” the source said. “During that time period, there won’t be successive tariffs.”

France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than $28 million in France and nearly $832 million worldwide. Washington has threatened to impose taxes on French products in response.

French authorities have repeatedly said that any international agreement on digital taxation reached within the OECD would immediately supercede the French tax.


Company: cnbc, Activity: cnbc, Date: 2020-01-20
Keywords: news, cnbc, companies, million, president, oecd, dispute, source, macron, negotiations, declare, truce, digital, french, tax, trump


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation

Fiat Chrysler was the last of the three carmakers to close its contract with the union. The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group. That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler. GM workers went on strike, and the company closed three plants. The union on Wednesday said 71% of its members with F


Fiat Chrysler was the last of the three carmakers to close its contract with the union.
The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group.
That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler.
GM workers went on strike, and the company closed three plants.
The union on Wednesday said 71% of its members with F
UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: michael wayland
Keywords: news, cnbc, companies, litigation, contract, strike, chrysler, negotiations, unprecedented, fiat, uaw, workers, billion, union, labor, detroit, deal, marked, talks


UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation

UAW President Gary Jones (left) and FCA North America Chief Operating Officer Mark Stewart opened 2019 contract talks with a ceremonial hand shake during an event on July 16, 2019 at the company’s North American headquarters in Auburn Hills, Mich. Fiat Chrysler

DETROIT — The 2019 labor negotiations between the United Auto Workers and Detroit automakers ended Wednesday with rank-and-file workers at Fiat Chrysler approving a new four-year deal with the company. Fiat Chrysler was the last of the three carmakers to close its contract with the union. The approval caps off an unprecedented round of negotiations that included a 40-day strike against General Motors — the UAW’s longest national strike in decades — and the resignation of the union’s president amid an ongoing federal corruption investigation. The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group. “There’s been more drama than I’ve ever seen before. That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler. Overall, the Detroit automakers retained much of the flexibility they gained in recent contract negotiations but were unable to make much, if any, ground on ballooning health-care costs and temporary workers. The union secured $18.2 billion in new investments in plants and the creation or retention of 25,400 U.S. jobs through the next four years. It allowed the closures of a handful of plants.

The negotiations between the UAW and GM were by far the most contentious. GM workers went on strike, and the company closed three plants. However, officials say Fiat Chrysler will likely see the biggest increase in labor costs due to its number of newer hires, also known as in-progression workers, that received significant gains as part of the pacts. “Looking back, I think for the Fiat Chrysler negotiations, it’s going to be looking for a rainbow in a bunch of different storms,” said Art Wheaton, a labor professor at the Worker Institute at Cornell University, referring to the drama surrounding the talks that eventually led to “a very reasonable contract.” The union on Wednesday said 71% of its members with Fiat Chrysler who voted supported the deal. That compares with 57% in support at GM and 56% at Ford.

Investments, jobs

Fiat Chrysler’s contract included the Italian-American automaker investing $9 billion in its U.S. manufacturing, including $4.5 billion in previously announced investments, and the creation or retention of 7,900 U.S. jobs over the life of the deal. Under Fiat Chrysler’s new contract with the union, in-progression workers will receive the same health-care benefits as veteran workers. That puts those workers more in line with their counterparts at GM and Ford.

Mary Barra, chairman and chief executive officer of General Motors Co. (GM), right, and Gary Jones, president of the United Auto Workers (UAW), shake hands during a GM event at the Renaissance Center in Detroit, Michigan, U.S., on Tuesday, July 16, 2019. Jeff Kowalsky | Bloomberg | Getty Images

The deal, which was patterned off ratified deals with GM and Ford Motor, also includes $9,000 ratification bonuses, which match the bonuses of Ford workers but are $2,000 less than what GM workers received. GM agreed to invest $7.7 billion in its current plants and to add or retain 9,000 jobs, while Ford’s deal included $6 billion in investments and 8,500 new or retained jobs.

Missteps

GM, according to Wheaton, made the gravest missteps by announcing the potential plant closures in November 2018 and abruptly taking away, and then returning, health-care benefits of workers on strike. “Their missteps resulted in a strike that was fortunately resolved with the membership getting a decent amount of return from the strike,” Wheaton said. GM expects the strike to have cost it about $3.8 billion to $4 billion for the year in earnings before interest and taxes, including $1 billion for the third quarter.

United Auto Workers members with General Motors picket outside of one of the automaker’s truck plants in Flint, Mich. on Sept. 16. The union called a strike against the automaker after a deal was not reached by a Saturday night deadline. Michael Wayland / CNBC


Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: michael wayland
Keywords: news, cnbc, companies, litigation, contract, strike, chrysler, negotiations, unprecedented, fiat, uaw, workers, billion, union, labor, detroit, deal, marked, talks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation

Fiat Chrysler was the last of the three carmakers to close its contract with the union. The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group. That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler. GM workers went on strike, and the company closed three plants. The union on Wednesday said 71% of its members with F


Fiat Chrysler was the last of the three carmakers to close its contract with the union.
The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group.
That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler.
GM workers went on strike, and the company closed three plants.
The union on Wednesday said 71% of its members with F
UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: michael wayland
Keywords: news, cnbc, companies, litigation, contract, strike, chrysler, negotiations, unprecedented, fiat, uaw, workers, billion, union, labor, detroit, deal, marked, talks


UAW approves labor deal with Fiat Chrysler, closing unprecedented talks with Big 3 Detroit automakers marked by a strike, corruption and litigation

UAW President Gary Jones (left) and FCA North America Chief Operating Officer Mark Stewart opened 2019 contract talks with a ceremonial hand shake during an event on July 16, 2019 at the company’s North American headquarters in Auburn Hills, Mich. Fiat Chrysler

DETROIT — The 2019 labor negotiations between the United Auto Workers and Detroit automakers ended Wednesday with rank-and-file workers at Fiat Chrysler approving a new four-year deal with the company. Fiat Chrysler was the last of the three carmakers to close its contract with the union. The approval caps off an unprecedented round of negotiations that included a 40-day strike against General Motors — the UAW’s longest national strike in decades — and the resignation of the union’s president amid an ongoing federal corruption investigation. The talks were also marked by a lawsuit GM lobbed at Fiat Chrysler over alleged corrupt bargaining practices as well as the planned merger between Fiat Chrysler and French automaker PSA Group. “There’s been more drama than I’ve ever seen before. That’s for sure,” said Colin Lightbody, a labor consultant and longtime negotiator for Fiat Chrysler. Overall, the Detroit automakers retained much of the flexibility they gained in recent contract negotiations but were unable to make much, if any, ground on ballooning health-care costs and temporary workers. The union secured $18.2 billion in new investments in plants and the creation or retention of 25,400 U.S. jobs through the next four years. It allowed the closures of a handful of plants.

The negotiations between the UAW and GM were by far the most contentious. GM workers went on strike, and the company closed three plants. However, officials say Fiat Chrysler will likely see the biggest increase in labor costs due to its number of newer hires, also known as in-progression workers, that received significant gains as part of the pacts. “Looking back, I think for the Fiat Chrysler negotiations, it’s going to be looking for a rainbow in a bunch of different storms,” said Art Wheaton, a labor professor at the Worker Institute at Cornell University, referring to the drama surrounding the talks that eventually led to “a very reasonable contract.” The union on Wednesday said 71% of its members with Fiat Chrysler who voted supported the deal. That compares with 57% in support at GM and 56% at Ford.

Investments, jobs

Fiat Chrysler’s contract included the Italian-American automaker investing $9 billion in its U.S. manufacturing, including $4.5 billion in previously announced investments, and the creation or retention of 7,900 U.S. jobs over the life of the deal. Under Fiat Chrysler’s new contract with the union, in-progression workers will receive the same health-care benefits as veteran workers. That puts those workers more in line with their counterparts at GM and Ford.

Mary Barra, chairman and chief executive officer of General Motors Co. (GM), right, and Gary Jones, president of the United Auto Workers (UAW), shake hands during a GM event at the Renaissance Center in Detroit, Michigan, U.S., on Tuesday, July 16, 2019. Jeff Kowalsky | Bloomberg | Getty Images

The deal, which was patterned off ratified deals with GM and Ford Motor, also includes $9,000 ratification bonuses, which match the bonuses of Ford workers but are $2,000 less than what GM workers received. GM agreed to invest $7.7 billion in its current plants and to add or retain 9,000 jobs, while Ford’s deal included $6 billion in investments and 8,500 new or retained jobs.

Missteps

GM, according to Wheaton, made the gravest missteps by announcing the potential plant closures in November 2018 and abruptly taking away, and then returning, health-care benefits of workers on strike. “Their missteps resulted in a strike that was fortunately resolved with the membership getting a decent amount of return from the strike,” Wheaton said. GM expects the strike to have cost it about $3.8 billion to $4 billion for the year in earnings before interest and taxes, including $1 billion for the third quarter.

United Auto Workers members with General Motors picket outside of one of the automaker’s truck plants in Flint, Mich. on Sept. 16. The union called a strike against the automaker after a deal was not reached by a Saturday night deadline. Michael Wayland / CNBC


Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: michael wayland
Keywords: news, cnbc, companies, litigation, contract, strike, chrysler, negotiations, unprecedented, fiat, uaw, workers, billion, union, labor, detroit, deal, marked, talks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Jared Kushner, Trump’s son-in-law, takes a bigger role in China trade talks

President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties — U.S.-China trade negotiator — as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15. People familiar with the talks said Kushner, who helped bring the U.S.-Mexico-Canada trade agreement (USMCA) to fruition, has increased his direct involvement in the negotiations with China over the past two weeks. A White House official confirmed Kushner’s


President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties — U.S.-China trade negotiator — as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15.
People familiar with the talks said Kushner, who helped bring the U.S.-Mexico-Canada trade agreement (USMCA) to fruition, has increased his direct involvement in the negotiations with China over the past two weeks.
A White House official confirmed Kushner’s
Jared Kushner, Trump’s son-in-law, takes a bigger role in China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, bigger, trade, soninlaw, takes, trump, china, house, secretary, agreement, chinese, talks, role, trumps, past, kushner, white, negotiations, jared


Jared Kushner, Trump's son-in-law, takes a bigger role in China trade talks

Senior Advisor Jared Kushner listens while US President Donald Trump announces an agreement with Guatemala regarding people seeking asylum in the Oval Office of the White House on July 26, 2019 in Washington, DC.

President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties — U.S.-China trade negotiator — as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15.

People familiar with the talks said Kushner, who helped bring the U.S.-Mexico-Canada trade agreement (USMCA) to fruition, has increased his direct involvement in the negotiations with China over the past two weeks.

While the talks have made some progress, these people said the two sides have not yet agreed on the extent to which the United States will remove existing tariffs on Chinese goods and on specific commitments by China to increase purchases of U.S. agriculture products.

A White House official confirmed Kushner’s involvement but declined to provide specific details on the influence he has had on the negotiations. Speaking on the condition of anonymity, the official said Kushner has recently met with Cui Tiankai, the Chinese ambassador to the United States.

The two have met multiple times since Trump took office, establishing a kind of back-channel relationship, trade experts say.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin have been leading negotiations with Chinese Vice Premier Liu He for the past two years over a range of U.S. complaints about China’s trade and subsidy practices, including the forced transfer of American technology to Chinese firms.

“Jared has been engaged in the process from the beginning in full coordination and in support of Ambassador Lighthizer’s and Secretary Mnuchin’s efforts,” the White House official said.

Kushner played a pivotal role in the later stages of U.S. trade negotiations with Canada and Mexico in 2018 to replace the North American Free Trade Agreement, helping to resolve final differences. Lighthizer said the USMCA deal “would not have happened if it wasn’t for Jared.”

Former Mexican Foreign Minister Luis Videgaray, with whom Kushner met frequently, said Kushner patched up the negotiations more than once after they fell apart.

Kushner, who is married to Trump’s daughter Ivanka, has taken on many challenges during the past three years, including trying to develop a Middle East peace plan, working on changes to U.S. immigration policies and advising Trump on dealing with opioid addiction and problems with Department of Veterans Affairs.

But sealing a deal with China could prove daunting. U.S. Commerce Secretary Wilbur Ross, speaking to Reuters on Tuesday, rejected any deadlines for a deal and launched a fresh attack on Chinese telecom equipment giant Huawei, accusing it of telling suppliers to move operations overseas to skirt U.S. sanctions.


Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, bigger, trade, soninlaw, takes, trump, china, house, secretary, agreement, chinese, talks, role, trumps, past, kushner, white, negotiations, jared


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

NHS is off the table and stay out of our elections, UK prime minister tells Trump

U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson arrive for a bilateral meeting during the G7 summit on August 25, 2019 in Biarritz, France. British Prime Minister Boris Johnson promised that the U.K. would walk away from trade negotiations with the U.S. if its National Health Service (NHS) was on the table. “Under no circumstances will this government or any Conservative government do anything to put the NHS up for negotiation in trade talks, or privatizing, anything like


U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson arrive for a bilateral meeting during the G7 summit on August 25, 2019 in Biarritz, France.
British Prime Minister Boris Johnson promised that the U.K. would walk away from trade negotiations with the U.S. if its National Health Service (NHS) was on the table.
“Under no circumstances will this government or any Conservative government do anything to put the NHS up for negotiation in trade talks, or privatizing, anything like
NHS is off the table and stay out of our elections, UK prime minister tells Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: elliot smith
Keywords: news, cnbc, companies, table, prime, elections, minister, trade, party, talks, tells, nhs, johnson, negotiations, stay, trump


NHS is off the table and stay out of our elections, UK prime minister tells Trump

U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson arrive for a bilateral meeting during the G7 summit on August 25, 2019 in Biarritz, France.

British Prime Minister Boris Johnson promised that the U.K. would walk away from trade negotiations with the U.S. if its National Health Service (NHS) was on the table.

Speaking to LBC radio on Friday, Johnson insisted that the NHS was “not for sale,” and promised that the NHS would not be part of any trade negotiations following the U.K.’s departure from the European Union.

The main opposition Labour party earlier this week released a cache of leaked internal documents from the Department for International Trade (DIT) pertaining to show the renowned state-run health service being discussed as part of bilateral talks between British and American negotiators.

“Under no circumstances will this government or any Conservative government do anything to put the NHS up for negotiation in trade talks, or privatizing, anything like that,” Johnson said.

“Were the United States or any other country to insist on that as a condition of talks, we would simply walk out,” he insisted, adding that any government which went down the route of privatization for the NHS would “never be re-elected.”

On a visit to the U.K. in June, President Donald Trump said in a press conference that the NHS could form part of trade negotiations between the long-standing transatlantic allies.

Johnson also implored Trump, a vocal supporter of the Conservative prime minister, to stay out of British politics when he visits London for next week’s NATO summit. The U.S. leader said in October that Johnson should enter into an electoral pact with Brexit Party leader Nigel Farage.

“What we don’t do traditionally is get involved in each other’s election campaigns,” Johnson said, adding that the ideal scenario for “close friends and allies like the U.S. and the U.K. is for neither side to get involved in each other’s election.”

Opposition leader Jeremy Corbyn has frequently used Trump’s praise of Johnson to attack the ruling Conservative Party during the campaign, suggesting that the NHS would be sold off to U.K. businesses after Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: elliot smith
Keywords: news, cnbc, companies, table, prime, elections, minister, trade, party, talks, tells, nhs, johnson, negotiations, stay, trump


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post