Traders are watching for progress in talks to avert a railroad workers strike as the deadline of Friday morning approaches. A strike could cripple the nation's struggling supply chain.
Here are the key events taking place on ThursdayThe deadline to avert a U.S. freight railroads strike by Friday morning is fast approaching with three unions still talking.one rejected a tentative deal, but agreed to delay a strike as talks with other union continue.
Two have ratified agreements and three others remained at the bargaining table just days ahead of a strike deadline, threatening to intensify snarls in the nation's supply chain that have contributed to rising prices. A BNSF railroad train hauling carloads of coal from the Powder River Basin of Montana and Wyoming is seen east of Hardin, Mont.
Nine had agreed to tentative deals, two — the Transportation Communications Union and the Brotherhood of Railway Carmen unions — voted to ratify their contracts Wednesday. A strike could also cause major disruptions to passenger rail. Amtrak has already canceled all Thursday long-distance trains as negotiations continue. in August to be flat for the second month in a row. Excluding the automotive component, spending is seen inching up 0.1% in August, below July’s 0.4% pop.
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