Newsletter Sep 18, 2023

Quick Six

UAW chief warns of amped-up strike without higher wages
The United Auto Workers chief warned Sunday that a historic strike at the top three US car manufacturers will expand if the companies do not raise their wage offers in ongoing negotiations. The UAW is demanding improved conditions across the board for its workers, including a 40% pay raise over the next four-year contract. The auto companies are so far offering raises of around 20%. Only 12,700 of the union's 150,000 workers are currently on strike, but the UAW's comments pointed to the possibility of a much broader action, with echoes throughout the economy.
HOW THE GOP IS TRYING TO TIE STRIKE TO BIDENOMICS

Fed expected to hold interest rates despite untamed inflation
The Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of mixed economic data, while leaving the door open to another hike if needed. The Fed has raised interest rates 11 times over the last 18 months, lifting its key lending rate to a level not seen for 22 years as it tackles inflation still stubbornly above its long-term target of 2%.
WHY ANALYSTS EXPECT THE FED TO PAUSE RATE HIKES

California sues five major oil companies over climate change
California has sued five of the world's largest oil companies, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels. The civil case over the impact of climate change and alleged disinformation campaigns was led by climate activists in court in San Francisco against Exxon Mobil, Shell, BP, ConocoPhillips and Chevron.
SEE OTHER CASES AGAINST BIG OIL OVER CLIMATE WOES

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Markets

DJIA	34,618.24	-0.83%
S&P 500	4,450.32	-1.22%
Nasdaq Composite	13,708.33	-1.56%
Japan: Nikkei 225	33,533.09	1.10%
UK: FTSE 100	7,711.38	0.50%
Crude Oil Futures	90.96	0.21%
Gold Futures	1,945.70	-0.03%
Yen	147.74	-0.08%
Euro	1.07	0.11%
* As of market close

Zelensky to make second White House visit

Ukrainian President Volodymyr Zelensky is set to visit the White House this week as he seeks to solidify US support for the war against Russian invasion. Zelensky is expected to meet President Joe Biden following talks with world leaders at the UN General Assembly in New York. Zelensky may also travel to Congress, where Biden's Republican opponents have been increasingly hesitant on aid to Ukraine. It will be Zelensky's second visit to Washington since Russia invaded Ukraine.

SEE ZELENSKY'S MESSAGE TO UN ABOUT ENDING THE WAR

Trump eyes support of women, evangelicals

Former US president Donald Trump courted evangelical Christians and women at two Washington weekend events -- targeting voting blocks whose loyalties to him once seemed contradictory but have become a well-established part of his base. The frontrunner for the 2024 GOP presidential nomination is facing multiple indictments, but support among his devotees remains strong, with white evangelical Protestants (84%) and women (44%) voting for Trump in the 2020 election.

WHY TRUMP'S APPEAL REMAINS STRONG IN THESE GROUPS

Australians rally for Indigenous rights vote

Australians rallied around the country on Sunday to fight for a landmark Indigenous rights reform that is bleeding support in the polls before an Oct. 14 referendum. Thousands joined "Walk for Yes" events in major cities ahead of the vote that could grant Indigenous Australians a constitutionally enshrined right to be consulted on policies affecting them.

WHY MAINSTREAM AUSTRALIA IS RALLYING AROUND NATIVES

Extra point

Aboriginal Australians are believed to be the oldest surviving human culture on Earth. How many years ago has it been traced back?

Friday's answer: The first cross-species transplant -- a pig-to-human corneal xenotransplantation -- was performed by New York-based ophthalmologist Richard Kissamin in 1838.

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