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Paul Sancya/AP

General Motors released its 2016 earnings Tuesday morning, reporting that it earned $9.4 billion in 2016, enough to win unionized GM workers a $12,000 profit-sharing bonus. That compares to the $9,000 that Ford workers received in profit sharing.

Why it matters: There's no indication that pressure from the Trump Administration has caused auto manufacturers to significantly alter their investment and employment plans, though they have taken to highlighting already planned U.S. investment. And the announcement of profit-sharing figures reminds us that actual autoworkers have reason to dislike reforms that would make GM less profitable, even if that meant a few more Americans had good-paying jobs.

What's next: Analysts expect international sales growth to slow this year, and GM and Ford have both announced production cuts in recent weeks. The chances, therefore, that these firms will announce significant investment to ramp up production (and American jobs) are remote.

Go deeper

52 mins ago - Health

Cuomo advisers reportedly altered July COVID-19 nursing homes report

New York Gov. Andrew Cuomo. Photo: Seth Wenig/AFP via Getty Images

New York Gov. Andrew Cuomo's advisers successfully pushed state health officials to exclude certain data on the number of COVID-19 nursing home deaths from a July report, the Wall Street Journal reported late Thursday.

Why it matters: The changes resulted in a "significant undercount of the death toll attributed to the state’s most vulnerable population," the WSJ wrote.

Ro Khanna wary of Biden approach on Middle East

Rep. Ro Khanna. Photo: Cody Glenn/Sportsfile for Web Summit via Getty Images

An outspoken progressive Democrat is wary of President Biden’s approach to the Middle East, arguing it’s like “conceding defeat of the aspiration” to win a Nobel Peace Prize.

Why it matters: A number of members of Biden’s own party dislike his Middle East strategy, as his administration signals the region is no longer the priority it was for President Obama and his predecessors.

Democrats eye reconciliation for immigration

Photo: Chip Somodevilla/Getty Images

Comprehensive immigration reform is a pipe dream, but some Senate Democrats are hoping to tie key immigration provisions to the next big reconciliation push.

Why it matters: Immigration is one of the most controversial and partisan issues in U.S. politics, which is why the budget reconciliation process — which allows for bills to pass the Senate with a simple majority rather than the usual 60 votes — is so attractive.