CBS Morning News - 1998-06-19
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Read a transcript preview of “CBS Morning News - 1998-06-19” from malgent, uploaded on 2024-05-23.
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Language: English (original, YouTube automatic captions)
[0:01] the walk out at General Motors puts the
[0:03] brakes on production of GM's popular
[0:05] sports utility vehicles severe weather
[0:08] leads flooding injuries and property
[0:10] damage across the nation's midsection in
[0:13] parts of Florida they're praying for a
[0:15] lot of rain as wildfires Scorch
[0:18] thousands of acres and campaign Finance
[0:21] reform was it ever anything more than
[0:23] just a photo
[0:27] opportunity this is the CBS morning news
[0:30] for Friday June
[0:33] 19th good morning and thanks for joining
[0:36] us I'm Da stenland General Motors North
[0:39] American production could grind to a
[0:41] virtual halt this weekend two crippling
[0:44] strikes are getting worse they've now
[0:46] idled or slowed production at 21 GM
[0:49] Assembly lines including one in Oklahoma
[0:51] City where 2500 workers were let go last
[0:54] night the strike could not have come at
[0:57] a worse time the summer is the hottest
[0:59] selling season for cars dealers and
[1:01] others are really feeling the heat Jim
[1:04] Axelrod reports today makes two weeks
[1:06] for the general motor strike neither
[1:09] side is even hinting at a
[1:11] settlement jobs J OBS job the company
[1:16] and its
[1:17] Workforce are at odds over how much work
[1:19] can be shifted to non-union plants at
[1:21] home and abroad where the cars can be
[1:24] produced more cheaply as far as this uh
[1:26] global economy and putting work
[1:28] elsewhere I always feel like you take
[1:29] care of home first the strike is already
[1:32] slowing production 100,000 fewer cars a
[1:35] week now $200 million already in lost
[1:38] profits the price say labor analysts of
[1:41] a more competitive future GM is sticking
[1:45] to its guns it views this as an
[1:47] investment fo