Schwab Network | Morning Trade Live

Catch James Demmert, Founder and Chief Investment Officer at Main Street Research, and Oliver Renick, Lead Anchor at Schwab Network, discuss the UAW strike and how it affects the technology sector and market here.

The UAW goes on strike against the “big three” automakers. It's interesting to see what Washington has to say about the strike since they are a pro union administration, notes James Demmert. He talks about how this plays right into the hands of non-union automakers. He outlines how the UAW strikes will impact the big three automaker stocks. He highlights how suppliers to Tesla (TSLA) like Nvidia (NVDA) and Onsemi (ON) will continue to be attractive investments. He goes over the outlook for automotive semiconductor stocks, as well as what’s next for the tech trade. Tune in to find out more about the stock market today.

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