The U.S. Department of Energy is providing Xcel Energy with up to $70 million in funding for energy storage.

U.S. Treasuries were higher, with U.S. bond yields continuing to fall from multi-year highs.

Ford (FN): We will continue to negotiate with the UAW and are bargaining on an issue-by-issue basis, just as we did with Unifor in Canada.

Market news: Italy may set its 2024 deficit target above 4% of GDP to retain room to implement promised tax cuts in the 2024 budget.

Market news: Italy expects the budget deficit to exceed 5.5% of GDP in 2023, compared with the original target of 4.5%.

Ford (FN): The company has more work to do before it can reach a deal with the UAW.

Fed Governor Bowman: It is critical for bankers to provide feedback on recent plans to strengthen banking rules.

Fed Governor Bowman: Under current conditions, inflation is expected to progress "likely to be slow," suggesting the need for tighter policies.

Fed Governor Bowman: Bank lending standards have been tightened, but there has been no obvious "sharp contraction" in credit, which would significantly slow down the economy.

Fed Governor Bowman: The economy is still growing at a "solid pace," consumer spending is strong, and employment growth is solid.

Fed Governor Bowman: Continued risks of further increases in energy prices could reverse some recent progress in lowering inflation.

U.S. Trade Representative Dai Qi: The U.S. steel proposal aims to comply with WTO regulations.

Fain, the president of the United Auto Workers (UAW), did not order a strike at three other Detroit auto assembly plants.

United Auto Workers (UAW) President Fain: The union will not expand the strike against Ford Motor (FN) for the time being.

U.S. Trade Representative Dai Qi: We are hopeful that the U.S.-EU steel negotiations will make progress in the next six weeks.

United Auto Workers (UAW) President Fain: We are committed to the total elimination of "grading."

Fain, President of the United Auto Workers (UAW): Factories currently on strike will continue to strike; inviting US President Biden to join our fight.

U.S. Trade Representative Dai Qi: The United States and Europe are approaching the October steel negotiation deadline, and we are doing a lot of work before the October deadline.

Fain, president of the United Auto Workers (UAW), said the union will hold strikes at 38 locations in 28 states.

Fain, president of the United Auto Workers (UAW) union, said workers at Stellantis (STLA.N) and General Motors (GM.N) have rejected profit-sharing proposals and will strike at all parts distribution centers.