By Nora Eckert and Nandita Bose
DETROIT/WASHINGTON (Multibagger) - United Auto Workers President Shawn Fain convened with the union's executive board to express deep concerns regarding President Joe Biden's chances against Donald Trump in the upcoming November election, as reported by three inside sources.
Fain gathered top officials of the nearly 400,000-member union to address these concerns and explore potential actions moving forward. The UAW, a strong Biden supporter, is pivotal in securing crucial swing states like Michigan.
Biden and Trump have been actively campaigning in Michigan to sway voters, particularly those employed by major U.S. automakers such as Ford, General Motors, and Stellantis.
UAW communications director Jonah Furman and the Biden campaign declined to provide comments on the matter.
Fain, who endorsed Biden earlier this year, has been vocal in his criticism of Trump, stating, "Donald Trump stands against everything we stand for as a society."
President Biden recently met with AFL-CIO's executive council, where he emphasized the importance of labor union support in his re-election bid. Fain was present at this meeting.
Biden's strong pro-union stance has garnered support from key labor leaders, including Fain, who backed him after Biden's solidarity with autoworkers during a strike last year.
Despite this support, Biden is facing calls to step down as the Democratic candidate following doubts about his mental acuity, especially after a lackluster debate performance.
Several U.S. congress Democrats and notable figures like George Clooney have expressed concerns about Biden's ability to defeat Trump in the upcoming election.
**Analysis:**
The article discusses the concerns raised by UAW President Shawn Fain regarding President Joe Biden's chances against Donald Trump in the November election. Fain, a key Biden supporter, has expressed reservations and called for discussions within the union about their next steps. The UAW's role in securing key swing states like Michigan is highlighted, as both Biden and Trump actively campaign in the region. Despite Biden's pro-union stance and past support from labor leaders like Fain, there are growing calls for him to step aside as the Democratic candidate due to doubts about his mental fitness and ability to defeat Trump. This political uncertainty could have significant implications for the upcoming election and the financial markets, especially in sectors affected by the outcome, such as automotive and labor industries. It is crucial for investors to monitor these developments closely to make informed decisions about their portfolios.