Nick Reed PODCAST 08.16.22 - Starbucks, Electric Vehicles, and Oil Prices
Hour 2 - Happy Tuesday! Here's what Nick Reed covers this hour: Starbucks is asking the federal labor board to suspend all mail-in ballot union elections nationwide, alleging misconduct in the voting process by the board’s personnel and the union organizing its baristas. Ford raised the base price of its F-150 Lightning electric pickup truck Aug. 9 following the passing of a bill by Senate Democrats that included a $7,500 federal electric vehicle tax credit. Oil prices have tumbled almost 30% in 2 months. So why are oil prices falling? The three Rs are to blame: recession fears, Russian resilience, and retreating demand. However, no one's quite sure what comes next.