mary barra. i will throw it back to you, katie.tie: that is of course jonathan ferro with the gm ceo. for more on gm we are joined by david. really interesting interview there. a lot of focus on the push into hybrid models reintroducing into the gm lineup. david: i think this pivot has been coming for a few years now. toyota and hyundai and kia have shown the hybrid electric vehicles. consumers worried about charging and they are not quite ready to make the push. telling us consumers are interested in electric vehicles. it hasn't been seen, as long as there isn't they are not willing to go. consumers are happy with the gasoline powered vehicle. all that means is it will be tougher to make that stretch. in order to meet fuel economy regulations and some of the segments these gm competitors are selling in. katie: maybe hybrids here are a bit of a steppingstone, a gateway drug if you want to call it. i heard the comments that push back of the hybrids really driven by regulations, lack of charging. it feels like gm and the traditional

let's get to gm's ceo mary barra alongside our phil lebeau. mary, good to have you.hank you. it's good to be here. >> you know, there's a lot going on with the strike impact and the uaw contract and crude. how is the underlying business doing for you? >> the underlying business is doing quite well. we have a really strong internal combustion engine portfolio that continues to do well and we see growth opportunities building on what we did last year from an ev perspective, this is our year to execute and see growth there, so it's a strong performance in 2023, i'm really proud of the team and i think '24 can be another strong year. >> you're giving a pretty positive outlook here. some are wondering if you're setting the bar too high out of the gate, given some of the weakness we're seeing across evs? >> well, if you look at the entire market we think we're going to have another 16 million unit market. you shared at the beginning of your show how the economy is improving. we see that, and we still -- we ended the year with low inventory across many of our key segments.

jonathan: we will speak to mary barra.eed to speak about a future for ev's given the setbacks. ford pulling back from production of the f-150 lightning. we have had news in europe on the likes of vw as well. the news is not good at all. lisa: this comes as people are saying that it's not necessarily completely thrown out of the water but just delayed in terms of the transition. i want to hear from jm how are they adjusting the mix? all trucks all the time including gas guzzlers? if you have money, they are the ones buying too because no one wants to take out a loan for 7%. annmarie: dealers not only wrote a letter to president biden saying that the ev's are sitting on our lot, but the advisory board for the wall street journal says that people want hybrids. they are transitioning slower. they want to mix to make sure that they have the range capability. maybe they are moving into hybrids? jonathan: this is the intro moment for the auto industry and mari barrette has pushed fact that you need this because it pushes back on

would buy it first of all, mary barra would ever say that.say that. i doubt most ceos would ever say this elon musk, he's enough of a maverick that you have to take what he says and not dismiss it. really, you don't think he possibly would do that ultimately they'll work this out with the board but he's mickly negotiating because he has the leverage. he is the key man risk the biggest key man risk out there in the market and he knows that that's why he's doing what he's doing. >> well, if they want to keep his big brain in-house, don't want -- >> what is his stake in the company now, do you know he wants 25%. >> i think 16, 18% remember, he had to liquidate a number of his shares when he was purchasing twitter >> uh-huh. >> thank you, phil. >> shares of nvidia hitting an all-time high thanks to bull you shall optimism for ai-powered chips. we get key details after a quick break. >> announcer: crypto watch is spopserred by -- gray scale. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plent

we will talk with gm ceo mary barra coming up on "squawk on the street."ot of puts and taking with the uaw strike, but the guidance this year and guidance with regard to the certain things china and cruise and expect taugsations will be discussed after 10:00. >> phil, it feels like it is plau plausible. i appreciate that. >>> jetblue just out with the earnings as well. they reporting an adjusted loss per share of 19 cents. that is narrower than the 28 cents the street had expected. revenue better at $2.33 billion. some comments on this where they are looking to 2024 and these are comments from the president and coo, the incoming ceo. she is painting the next year as an important year of change where they say they are taking aggressive action. they will launch $300 million of revenue initiatives to return to profitability and deliver value. they talk about how the outlook with the balance sheet. they reached agreement to defer aircraft capital expenses from 2024 this year to 2027 and 2028. that will push off the costs. they say it will allow annual aircraft

barra says the company remains committed to the unit despite a federal investigation into an accident in san francisco last year. >> a woman was hit by another car, then was run over and dragged beneath a cruise car, leaving her severely injured. barra said gm will cooperate with state and federal investigations. san mateo county is now the first in the nation to declare loneliness a public health crisis. >> 45% of residents say they felt isolated or lonely in that county, and numbers like this have prompted supervisors to call on the state to take action. san mateo county supervisor david canepa is urging the state to create a minister of loneliness position. >> we want to do as a county is to make sure that we make the investments, continue to make investments, uh, to make sure that people have connectivity. um, you're right, we are reaching out to governor newsom through a letter and really, this is an issue people don't want to talk about, right? it's personal. no one wants to say i'm lonely. >> canepa says he hopes the resolution will draw more attention to the issue and that oth

staying with ev's, mary barra spoke with jonathan ferro moments ago to discuss the plans to sell 250housand electric vehicles and we introduce hybrids to gm's line-up. >> we are going to be building more ev's. we had a can trade with modules, we had to address that. we are on track for the first month and by the middle of the year, that should be behind us. that is going to allow us to build many more of the existing vehicles, like the catlike lyric and the gmc hummer ev, the silverado ev work truck, etc.. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. caroline: volkswagen and vw feeling the slowing of the market and the dim landscape continues into 2024. they could to hold off on plans to seek outside investors for the better unit. the carmaker worries it want be able to make it on batteries at scale and is no longer privatizing -- this is fresh off of a decision to ice its evr listing amid market file list

the disney board nominated 12 directors including mary barra, ceo of gm.re nelson peltz or an activist investor. stuart: okay. but bob iger is a liberal democrat. i wonder if he agrees with raising taxes on the rich. [laughter] i'm moving on. i'm not touching that with a 10-foot pole. spirit's stock is off, what's the percentage terms? down another 18%. this has to be because the her ier is with gent blue is dead can. lauren: the best case scenario for spirit is filing for chapter 11. stuart: okay. lauren: exactly. a federal judge says it would harm pages by taking out the cheaper competitor, which is spirit. it was a $3.8 billion deal. it would have made a combined company, the fifth largest carrier in the u.s. the airlines were saying, well, we need to compete with the big four, delta, american, united and southwest. they control two-thirds of air traffic. we need to compete. and the biden doj was saying, absolutely not. and i find it funny because this is a win for the biden department of justice. they're not doing well with big tech, but they're doing