The Daily Money: UAW makes history, striking against big three automakers - at once

Good morning on this historic Friday.

The United Auto Workers, for the first time ever, is striking at once at all three of Detroit's top automakers after failing to clinch a deal on a new contract by the 11:59 p.m. ET deadline on Thursday. Not only that, but the way the UAW has chosen to strike is expected to keep the automakers guessing. Instead of all 150,000 union workers walking out, only members at three assembly plants in Michigan, Ohio, and Missouri did so on Friday.

The so-called "Stand Up Strike" strategy targets specific plants of Ford Motor Co., General Motors and Stellantis, which makes Chrysler, Dodge, Jeep and Fiat brands. Union leaders said they will select new strike targets in various waves if negotiations continue to fail.

But let it be known: "if we need to go all out, we will. Everything is on the table," UAW President Shawn Fain said in a late-night livestream to members on Facebook Live.

I'm not sure who will win in all of this, but Elon Musk isn't sweating it.

📰 More stories you shouldn't miss 📰

Stop telling me to feel good, please! If the economic statistics are good, why do Americans feel so bad?

There's a reason you always feel taxed: Is there a tax on student loan forgiveness? If you live in these states, the answer is yes.

Uncovering the true cost: Airlines are hiding the cost of air travel. Now the government wants to help them.

Losing the ability to stop: Lectric recall warns of issues with electric bike company's mechanical brakes

🍔 Today's Menu 🍔

Never choke on dry chicken again: How to boil chicken: Achieve the perfect breast with these three simple steps.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.