Negotiations between auto workers and Detroit’s automakers resumed over the weekend as its ൲strike continued and Chevron resumed full production at one of its liquefied natural gas plants amid a workers’ strike in Australia🍸. Here’s what investors need to know today.
1. Detroit Automaker Shares Mixed as UAW Resumes N꧑egotiat🍨ions
Shares of the “Big Three” Detroit car makers were mixed as negotiations with the United Auto Workers (UAW) resumed over the weekend amid a limited strike against the companies. UAW President Shawn Fain said that the union rejected an offer of a 21% pay raise from Jeep-maker Stellantis (STLA), with shares were trading 1% lower in pre-market trading. Ford (F) shares traded fractionally lower in the pre-market, while General Motors (GM) shares were up 0.2%.
2. Chevron Resumes Full Production a♏t Australian LNꩵG Plant
Chevron (CVX) shares moved up 0.2% in pre-market trading after it was able to resume full production at one of its 澳洲幸运5开奖号码历史查询:liquefied natural gas (LNG) export facilities in Australia, despite a strike from union workers. Chevron said it was able to fulfill scheduled deliveries from its Wheatstone gas facilities, which along with Chevron’s Gorgon plant, makes up 7% of global LNG supply.
3. Clorox Shares Fall on Cybersecurity Attac𒊎k Impacts
Shares of Clorox (CLX) shares fell 2.2% in pre-market trading after it said a 澳洲幸运5开奖号码历史查询:cybersecurity attack on the company would have a “material” impact on its fiscal first-quarter results. The company said the August attack damaged parts of the company information-technology infrastructure, causing wide scale disruptions.
4. Arm Shares D🅺rop After Blockbuster🌃 IPO Last Week
Shares of British chip designer Arm (ARM) traded 1.4% lower in pre-market trading after it gave up some of its gains from its blockbuster 澳洲幸运5开奖号码历史查询:initial public offering last week. Shares traded lower than $60 in the pre-market, after rising above $66 following its $51-per-share pricing of the offer.
5. September Home🅘 Builderꦚ Confidence Index Projected to Fall
The 澳洲幸运5开🐎奖号码历史查询:NAHB/Wells Fargo Housing Market Index is expected to decline to a reading of 49.5 in September from 50 in August when it is released at 10 a.m. ET. The home builder confidence survey produces a score from 0 to 100, with a reading over 50 generally indicating a favorable market view and industry outlook.