The United Auto Workers criticized Ford’s move to pause work on an electric battery plant and the Consumer Coওnfidence Index for September is expected to drop. Here’s what investors need to know today.

1. UAW Criticizes Ford Move🔥 to Pause Work on Battery Factory

Ford (F) said it would pause work on a $3.5 billion electric battery plant in Michigan, raising worries that it won’t be able to competitively operate the plant while it is engaged in contract negotiations with the 澳洲幸运5官方开奖结果体彩网:striking United Auto Workers. UAW President Shawn Fain criticized the move as a threat by Ford to cut jobs. Shares of Ford declined 0.15% in pre-market trading.

2. Consumer Confidence Index, New Home Sales Projected to Decline�♎�

The 澳洲幸运5官方开奖结果体彩网:Consumer Confidence Index is expected to drop to a reading of 105.5 for September, down from August’s 106.1, when that data is released at 10 a.m. ET. Also today at 10, new homes sales are expected to come in at 695,000 for August, lower than the 714,000 sales from the month prior, while at 9 a.m. ET the S&P Case-Shiller 20-City Home Price Index is expected to have risen 0.3% for July, up from a 1.2% drop in June.

3. Shares of RV Maker Thor Fa♉ll as Guidance Comes Up Short

Shares of recreational vehicle maker Thor Industries (THOR) fell 2.4% after its 澳洲幸运5官方开奖结果体彩网:full-year guidance for profit and sales fell short of analyst expectations on forecasts of lower consumer demand in the coming months. Thor projected full-year revenue of $10.5 billion to $11 billion, generating earnings of between $6.25 and $7.25 a share, where analysts were expecting $10.86 billion in revenue and earnings of $7.12 a share.

4. Intel Shares Dip After Reports of Sﷺlow German Factory Progress

Intel (INTC) shares moved 0.4% lower after reports that the company was having problems finding and training staff for a semiconductor plant in eastern Germany, signaling bottlenecks in its efforts to expand there. High energy prices are also slowing the semiconductor maker’s expansion into Europe.

5. Pfizer Forecasts Supply Issues After R꧃estarting Prod♕uction Facility

Pfizer (PFE) shares declined nearly 0.4% in pre-market trading after the drug maker said it has restarted production at a North Carolina facility damaged by a tornado in July. The site produces nearly 50 drugs equal to about 8% of the total U.S. hospital supply of sterile injectable medicines, and the company warned that some medications won’t be in full supply until next year.