Previous close | 19.24 |
Open | 19.01 |
Bid | 0.00 x 1200 |
Ask | 0.00 x 3200 |
Day's range | 18.66 - 19.17 |
52-week range | 11.57 - 20.71 |
Volume | |
Avg. volume | 5,758,492 |
Market cap | 58.211B |
Beta (5Y monthly) | 1.36 |
PE ratio (TTM) | 2.83 |
EPS (TTM) | 6.66 |
Earnings date | N/A |
Forward dividend & yield | 1.48 (7.71%) |
Ex-dividend date | 24 Apr 2023 |
1y target est | 22.25 |
As the United Auto Workers (UAW) union remains on strike against the Big Three, former Vice President and Republican presidential candidate Mike Pence blames President Biden for the work stoppage.
Former Vice President Mike Pence formally launched his 2024 presidential campaign in June. Ahead of the second GOP debate on September 27, Pence joined Yahoo Finance Live for an exclusive interview. Among other trending topics, the former Vice President weighed in on the Federal Reserve, inflation, tax cuts, the UAW strike, and the potential government shutdown. Federal Reserve: When discussing the Fed, Pence says he would "absolutely go in a different direction with the chairman of the Federal Reserve (Jerome Powell)." The former Vice President continued, "We need fresh leadership at the Fed that's going to step forward and join us in an effort to really tackle the inflation that is waging war on American families." Economy: Pence outlined his plans for the economy if he were to be elected President. In addition to making "the Trump-Pence tax cuts permanent," Pence said, "We need to take a hard run at getting to a 15 percent corporate tax rate in this country." UAW strike: The former Vice President believes that the current UAW strike against the Big 3 automakers – Ford (F), General Motors (GM), and Stellantis (STLA) – can be attributed to 'Bidenomics.' Regarding the current policies of the Biden administration, Pence said, "The green new deal buried in that so-called 'Inflation Reduction Act' is waging war on people that manufacture combustion engine automobiles. Let's get beyond this ... electric vehicle mandate and subsidies, and let's bring policies that will really get wages rising in the country." Border wall: Pence says that he would resume construction of the border wall on "day one" if he were elected President. The former Vice President explained, "A nation without borders is not a nation ... I think securing the southern border of the United States, ending this avalanche of more than 5 million people into our country, is really job one." Government shutdown: Regarding the potential government shutdown, Pence encourages "Speaker (of the House Kevin) McCarthy to continue to drive and drive hard for one more down payment on fiscal responsibility." Pence added, "I believe the majority of Republic voters, the majority of independents, and many Democrats look at that common sense conservative agenda that's defined our party over the last 50 years, and they know that's the pathway forward for America." Video highlights: 00:00:03 - Mike Pence on the Fed 00:00:32 - Mike Pence on the economy 00:00:59 - Mike Pence on UAW strike 00:01:37 - Mike Pence on border wall 00:02:14 - Mike Pence on shutdown
President Joe Biden heads to Michigan to join striking UAW workers. He's not the only 2024 hopeful making the trip - Former President Donald Trump is expected to make an appearance Wednesday. Strikes continue at General Motors (GM), Ford (F) and Stellantis (STLA). Carnage in the bond market. The 10-year yield hit (TNX) its highest level since 2007 yesterday, lifting the dollar on its way up. The sell-off comes from investors spooked by the fed's 'higher for longer' message, who fear another interest rate hike is on the table before year's end. JP Morgan CEO Jamie Dimon (JPM) is warning that the u-s economy may not be prepared should the fed raise interest rates to 7 percent. The big bank leader told the Times of India, “going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility. I am not sure if the world is prepared for 7%.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.