Cheddar News breaks down what to look for on The Day Ahead. The House will hold a hearing on the federal response to the recent banking issues while Starbucks CEO will testify on Capitol Hill about union-busting claims. Disney Parks workers are set to vote on a new contract proposal.

Closing Bell

The Day Ahead: House Hearing on Banking Failures, Starbucks CEO on Capitol Hill

Take a look ahead of the event. Sure to move markets tomorrow, a lot going on after a hearing in the Senate today, it's the House's turn to take on these recent bank failures tomorrow. The hearing will also discuss the federal regulatory response to the failures with witnesses who will be the same as the Senate hearing today. Chair of the Federal Deposit Insurance Corporation, the FDIC Vice chair of the Federal Reserve Board of Governors and the Domestic Finance Chief at the US Treasury. All three of these agencies are stepping in in the wake of those banking collapses. So today we saw two different narratives emerge about where exactly the problems lie. Democrats like committee Chair Sherrod Brown, pointing to deregulation as the big issue while GOP senators like vice chair Tim Scott, pointing to broad discretion for regulators over mid sized banks basically putting the blame on them. So yes, some of it was politicized. We'll see what tomorrow brings more highly anticipated testimony on the hill. Tomorrow, two former Starbucks, Ceo Howard Schultz is going to testify before members of Congress on claims of union busting at Starbucks Schultz stepping down as CEO earlier than planned this past Monday and he will be grilled by lawmakers on the Senate Committee on health education, labor and pensions. Democratic Senator Bernie Sanders is the committee head and Sanders has been very vocal in his allegations against the company. Some of Starbucks moves in question include retaliating against stores that unionized by providing raises and benefits to workers at local, at locations that did not unionize. Well, more than 280 Starbucks stores have voted to unionize since 2021. And the Hill reports that some 200 organizers in the union movement have been fired in that time. Plus Disney Parks workers also said to vote on a new contract proposal. It's going to come after unions for service workers at Walt Disney World reached a tentative deal with the company on Thursday of last week would raise the starting minimum wage from $15 to $18 an hour by the end of the year. Disney World Service workers are expected to vote tomorrow on the contract proposal. Well, they rejected an earlier offer last month that fell short of the $18 an hour minimum wage. And if the new proposal is approved, it could also set the foundation for starting pay throughout central Florida's tourism industry.