The SAG-AFTRA National Board over the weekend voted unanimously to express solidarity with the Writers Guild of America and its plans to go on strike amid ongoing negotiations with studios and streamers.
“History shows that fairness and equity to the workers who power the creativity of the entertainment industry has only been achieved through solidarity and the efforts of those workers working within their labor unions and guilds,” read a statement from SAG-AFTRA.
“Changes in the economics of the entertainment industry have worked to the great benefit of large corporate employers and in many cases to the detriment of the creators who make their businesses possible.”
With Netflix losing 200,000 subscribers in one quarter, and CNN+ shutting down just weeks after launch, the streaming industry is in a place of uncertainty. Hundreds of people who once thought they had steady jobs now face potential unemployment as streamers figure out how to navigate the constantly changing landscape. Greg Martin, co-founder of Rainmaker Securities, joined Cheddar's Opening Bell to discuss the state of streaming, its troubles, and how its impacting hundreds of workers.
Lance Ippolito, Head Trader at the Future Of Wealth, breaks down the most significant headwinds facing big tech and highlights how companies will fair amid high inflation.
In honor of Earth Day, Peter Krull, Founder and CEO of Earth Equity Advisors, joined Cheddar's Opening Bell to discuss how we can keep corporations accountable to their climate change promises. He argued the recent focus on ESGs and sustainable investing in some ways "has made it easier and more accessible to folks, but it's also made it easier for companies to be misleading in how they portray themselves."
Daisy Pitkin, author of "On The Line: A Story of Class, Solidarity, and Two Women's Epic Fight to Build a Union," joined Cheddar's Opening Bell to discuss her work as a union organizer at Workers United, helping Starbucks workers to organize. Pitkin expressed her enthusiasm for the recent labor push across the country, and explained how the movement can gain even more momentum in the future.
Lance Ippolito, Head Trader at the Future of Wealth, talks about the investor concerns leading to Big Tech earnings and how the shift in consumer buying habits may signal weakness for the overall market.
Brian Shepardson, VP & Senior Portfolio Manager at James Investments, discusses the takeaways from this week's earnings and forecasts market reaction as Fed Chair Powell signals a 50-basis point hike in May.
Patrick Healey, President & Chief Investment Officer at Caliber Financial Partners, breaks down Tesla's blowout earnings report and highlights the challenges the Fed will face if interest rate hikes are front-loaded.
