liz: dave: the fiat brand is facing problems overseas. liz: rolling out three new models, they are high functioning and the l a auto show, jeff flock is there with the head of fiat north american. >> i showed you the five door. here is the electric fee of 500. the head of fiat in the usa said to me is this a huge day for you. >> we have been in the market for less than two years, and launching five -- >> five new products. and we are looking at a huge success for us, we are launching the 500 e full battery electric. and the sport version of full battery electric watching the 500 l today which is the five dorr we're looking at and launching the treking version as well. >> you can imagine, those following this, fee of around the world has had trouble. europe is not a great place to be selling cars right now. the u.s. is. >> the u.s. is doing well and the market has adapted to the brand. we are not brand new but we're coming back to the country and it is taking off. we see it as a great sign of the future, things that work in california spre

analysts say the promotion helps fiat with banana republic's demographic.c penney is offering cashmere scarves and firewood. "we have this big rush, then the lull; and if it's extremely low, coming out of it may be very, very difficult." despite the post-black friday slump, retailers are preparing for a solid holiday season. the board of directors for groupon meets today, and speculation is growing it could mean the end for groupon's leader. the online coupon company has made some misssteps during the past year, although it is considered one of the fastest expanding u.s. companies and is doing well in europe. yesterday, groupon founder and ceo andrew mason told the editor of the business insider "if i ever thought i wasn't the right guy for the job, i'd be the first person to fire myself." the stock rallied 7% yesterday, but is down 80% since its ipo a year ago. california is no longer just dreaming of a better economic situation. it's slowly becoming a reality. one of the country's hardest-hit states during the recession has made some vast improvements in

period. >> well, i think what fiat was saying there, and by the way, we love the fact that fiat has investedow i supported a rescue package at the time and it was the right thing to do. but i think if you were to ask fiat about whether they're going to start production in china, that they would say, yes, to serve the chinese market. that's what they've said in the past and that's what that ad indicates. so -- >> well the ad says this -- >> there's a little disconnect here. >> no, i don't think so. the ad says this obama took gm and chrysler into bankruptcy, and sold chrysler -- >> that's correct. >> to two italians who are going to build jeeps in china. >> that's correct. >> the implication being that jobs were taken from the united states, and being moved to china. so politifact said it was untrue. the gm jumped in, that's why gm responded. and the head of jeep also -- rather the head of fiat -- >> soledad -- >> yes, sir? >> soledad, two things. one, it is correct that barack obama and the administration took the two companies to bankruptcy. that's correct. it is true that jeep now makes al

he says the expansions here could also underscore chrysler and fiat c.e.o. sergio marchionne's pessimism about europe. >> in the u.s., he is implementing well, making good cars with designs people want to buy, but when the market it is here, you spend your capital dollars here. >> reporter: fiat bought a stake in chrysler after it emerged from bankruptcy three years ago. since then, it's invested nearly $5 billion in u.s. plants and added 6,000 workers. >> and chrysler has been the cac auto industry. it's been ringing up month after month in both cars and trucks. >> it's interesting there is ad. are people interested in buying trucks like the dodge rams you are standing next to given the price of gas these days. >> that took a hit during there. a lot of builders that buy trucks stopped by them. we are seeing the housing march coat tur -- market turn around. we saw the dodge pick up sales up 20%. that is amazing. one thing we learned in the eat after hurricane sandy is that people wan want to have a car tt gets good gas mileage. are american automakers taking

does the struggling european fiat have the cash to buy the remaining stake in chrysler. jeff flock with a microphone in the troy talking to the man behind the machine. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others thrgh direct contact. women, especially those who are or who may become pregnant, and children should avoid contact whe axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditns and medications. do not use if you have prostate or breast cancer. serious side effects could includ increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankl feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the

we like fiat. and of course these are names -- along with aig frankly that a few years ago you would have said why would you even be looking at these? they are distressed companies, but again, it is about finding the value. liz: sure, the opportunities. you will come up with some shorts this a few minutes. thank you -- in a few minutes. thank you. >> of course. liz: coming up he will tell you the companies he's investing in right now and then ones he says pretty much stay away from. stay tuned for that. of course the first polls for the presidential election start closing in about 28 hours from now. so let's shake it up with the team. some of the most hotly contested swing states. just look at this screen right how the. we have our best and brightest all across the country. peter barnes in virginia. jeff flock in ohio. adam shapiro in nevada. peter is moving. peter is on the trail with governor mitt romney in fairfax virginia. peter, you get it first. peter: thank you, liz. we are on the press bus

and specifically, the ceo of fiat, servio marcchione, and the fit between the two companies was fabulousand we thought he could turn around chrysler, and he has done all of those things. and i think that all of us involved with this could not be more delighted with the partnership with fiat. >> explain the geography of the american auto production center. it's in detroit. how much of it -- what states really are involved in it, besides ohio, we've heard a lot about. where are sort of leviathan of the american industry? where do we build our cars? >> well, it's a national industry. the big three automakers, gm, ford and chrysler still have the bulk of their american production in the midwest. ohio, michigan, some in illinois. but it's in kansas city, in texas. there used to be plants in georgia and missouri. as we all know, the industry has shrunk quite a bit in recent years. part of the problem with general motors, ford, and chrysler has added too many plants and too few buyers. the industry has gone through a tremendous restructuring. but it is a national industry, and, of course, the j

check out these brand-new fiats. small economical cars loaded with all these beautiful cars at the car show. check it out. they have all the latest technology. pretty slick. let's talk about weather here on this thank. we are talking about a lot of sunshine coming our way and we are going to need it this morning. it's chilly in spots. 30s inland, the coastline into the 50s. into san francisco, high pressure sneaking in overhead making for a beautiful thanksgiving day, lots of sunshine toward the afternoon. and then it looks like the next few days going to be spectacular. highs today going to be running up into the 60s so we are looking at spectacular weather. not only do we have fiats here, we have mercedes, we have volkswagen, you name it, all kinds of cars coming up in a few minutes though checking out my favorite car, gianna, that's the latest, back to you. >> i know. we're all very excited to see what this favorite car, lawrence. >>> if you are in your car this morning or about to get into your car, traffic very

stuart: and chrysler the fiat 500 e sub compact in california. much demand for it it's a zero emission car. the state required car companies sell clean cars. won't let them get away with just selling high mileage gasoline cars, some will have to offer some electric cars in that state and chrysler says it went turn a profit on the new car sales. charles: what both of the stories have in common, they disturb the free market and usurp the decision of our own free will and make us ultimately have to buy cars we don't want to buy. either go out of business-- you know with the cap and trade thing. the caps go down and allowances go town, ultimately, how can a company have zero emissions unless of course they're floating one of these 21,000 species of algae and sucking up the carbon. stuart: good point. charles: it's a major tax that's going to make our businesses uncompetitive and take away choices for average americans. stuart: a gusher of money for the government and they're pushing you around. >> it should be mentioned that chrysler is owned by fiat

during the conference call, the ceo for fiat made clear that they want to be building jeeps in italy., this story also -- gerri: come on. i hear you say that, and as an american i think a much use in italy. are we going to move our production? and me, that makes the sense to me. and are these even going toobe sold in the us.? >> they are saying that they want to export them. in fact, negotiating with the italians to give tax rebates on the exports to help them export them to america. now, you know, they're going to say, yes, but you will still be it -- build jeeps and chrysler's this is new. it will be sold in europe, but also exported here. just because it's a new jeep people will be apologists and say, oh, well, that's a new one. they don't have to build the one here. that's a new vehicle. they can build that in italy. these are potential jobs lost. the car could have been built here. the car could have been built here and exported instead of built in italy and exported year. absolutely truthful ad by romney. and it's very, very clear from the bloomberg article and the conference ca

instead, we have the great reign of fiat currency. european central bank, the bank of japan, the bank of england. everyone is cranking and cranking. i think the poser teterity wil back and say, how? the central banks were reigning fiat currencies. >> unbelievable. jim, great to talk with you. by the way, we're going to talk with stan fischer from the israeli central bank. >> tell him i said hello. >> i will do that. thanks so much. jim grant joining us here at the nyse. we have breaking news in today's big insider trading case. let's get to kate kelly. >> maria, sac capital and stevie cohen, their founder, have broken their silence, at least for today in terms of the latest element in the federal prosecutors case looking at insider trading in a number of situations and focusing on many had former employees of sac. they say in terms of the latest case made today, which is against a former sac employee named mathew martoma, say they're cooperating with the government. cohen is outraged with folks formerly employed by his firm and have g

automakers took the wraps off an all-electric fiat 500 chevy spark. meanwhile, jaguar and landrover unveiled lighter models and audi introduced four new diesel models for the u-s market. the l.a. auto show runs through december 9th. non-superheroes are going to get a chance to bid on batman's original batmobile this january. the one-of-a-kind, souped-up ford futura concept car was entirely-hand built for the 1960s tv series in turin, italy, of all places. the auction is set for january 19 in scottsdale, arizona. the final price is expected to reach into the multi-millions. still to come, traders debate which stocks could be next to offer special dividends. but first, are small businesses getting worried by fiscal fears coming from washington? that's next with bill moller. e have been signs that key elements of the economy are picking up. small businesses, they're the backbone of the employment picture. what about small businesses owners? what are they seeing? there may be no better measure of that than the surepayroll small business scorecard. the dat

chrysler is affiliated with fiat's. their october sales are up by 10 percent.like gm stocks is coming back up and the government may be able to get their money back. it will take time but it will be a good long-term investment. a guy named mark fields is the c 00. wall street really did this because ford has been sparking. and they did not have to give belau. net flakes karo announced that he is getting a stake in the company. their stake is up by 14 percent but he has had trouble with bay area companies. he had a problem with clorox and ship their investors be happy or worried? >> here say corporator and he tries to push things around. next slicks' is not going to be sold and the only one would have to worry about is amazon dock,..vom twa was a menr is takeover and he probably is going through the roof. this should be very interesting to watch. we would check back with a rock with winners and losers next. >> it is now 6:49 a.m.. >> in storm trackers for shows rank passing through the area and most of it occurred overnight. a lot of the wets whether impacted th

. >> the suspect is described as a white or hispanic male 20 to 25 years old fiat 10 or taller a hundredpolice said the first suspect was wearing black baggy t-shirts with the words giants on the front, dark jeans light colored shoes and an orange giants baseball cap. let's take a live look from our mount tam cam are. a lot of people are getting their lights up on their homes. will be right back in a moment. >> we are back. national news this morning paula broadwe brozlll is telling friends that she is devastated by the fall of the recent news. a person close to broad well cess she deeply regrets the damage this been done to her family and everyone else's, and she is trying to repair that ammo for. she is still being investigated by the fbi over classified documents found in laptop and in her home. >> the maker will be in bankruptcy court. hostess will appear in court to start the process of selling itself. they are the makers of hostess bread and twinkies. they decided that they will sale rather than to go to a chapter 7 restructuring. >> americans are carry more credit-card debt around

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>> in the case of fiat, quite a while, but the problem is reaching levels of instability where other't have a balanced ported folio of biographies taking it on the chin. such a painful succession of growth that eventually you cave in. we've seen now on the european side, some of the national governments stepping in to provide support, and that -- apart from the fact that it it s a vaird of negative implications, vis-a-vis the validity of rome, concept market of europe, they are big issues reflecting the fact that fundamentally the system is not stable and needs to be fixed. >> with all the over production in europe, sir, would you consider building chryslers in europe because of the over production and can't make them fast enough in the u.s. and sell them in the u.s.? >> no. i think as you heard from my comments, we've got -- we are adding on additional shifts. third shift of next year, added a third shift at jefferson. we keep on getting better and better and running the lines. things fall out before we spill over anywhere else. >> no time soon? >> no time soon. >> talk about the sh

when and general of murders and a chrysler and jeep all said this is as bull, he then said because fiatith a controlling interest of enter china, he said they moved it to china. he is now going after the italians. it is the irish as next i am told a. far worse. after every single red table authority said this is a false charge, he parked it on television and doubled down and cut more money behind it. he believes a middle-class people are so scared about their jobs and so uninformed of it will buy any line that they see on television. i think they and the arts marcher. i think barack obama will be elected president. [cheers and applause] i am for president obama because his plans for the future are better. i would just give you a brief outline. he wants us to invest even more in the first jobs of the 21st century. clean energy and manufacturing and modern agriculture. he was to educate and empower people to do those jobs. he wants to help employers cut back into the next by going to community colleges and getting skills that will give them good jobs. he has revolutionized the student loa

but chrysler-fiat is building jeeps in china. number one.s in italy including jeeps are going to be exported in to the u.s. what about the controversy. >> the "new york times" had this alone to say it concentrate on ad that will stretch the truth is unbeliev unbelievable. they want to liquidate the auto company and disappear in thin air. obama said it was not true that oil and gas production had declined. federal lands. of course it had. has there been coverage of that? zero. the jeep ad, which is 1 on a scale of 10 in terms of stretching is the cause celeb of the day. >> it's mystifying. to say i do think that the "new york times" decides what to put on the front page. if you are on twitter, the jeep thing was constant drum beat among the liberals. then suddenly, it becomes the front page news and what we're concerned about. they act like this is the willie horton add. >> it's in the president's speech. >> this is not a terrible ad. the president doesn't want to have a debate about this. trivial small ball. they will get a draw on. if i can

[laughter] when general motors and chrysler jeep all said this is bull, he then said because fiat ownscontrolling interest in china, -- in chrysler that the president had worked with the italians to move jobs to china. he said they moved it to china. he is now going after the italians. it is the irish is next i am told. -- if the irish are next, i am test. -- i am ttoast. [laughter] after every single reputable authority said this is a false charge, he put it on television and doubled down and cut more money behind it. -- and put more money behind it. he believes a middle-class people are so scared about their jobs and so uninformed of it will buy any line that they see on television. i think they and you are smarter. i think barack obama will be elected president. [cheers and applause] finally and most important,i am for president obama because his plans for the future are better. that's what really matters. he will talk about this buti would just give you a brief outline. he wants us to invest even more in the first jobs of the 21st century. -- the new jobs of the 21st century and in

back in late october bloomberg ran a store row saying that fiat the owner of chrysler plans to return jeep output to china and may eventually make all of its mod tphels that country according to the head of both automakers operations in the region. now governor romney mentioned that story in a speech later in ohio, but later learned it was incorrect. democrats and bailed out automakers rushed to say that jeep was not going to take jobs from ohio, but rather just open up a production line in china, which a later romney ad accurately repeated. listen. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their employers, worried, asking, is it true, are our jobs being shipped to c

and then, in the greatest move of all, chrysler is majority owned by fiat, an italian car company. then romney says, the president is working with the italians. to move jobs to china. there's this vast and dark conspiracy. i guess next week he'll come after the irish and i'll be in trouble. i don't know. this is the silliest thing -- look -- >> that is the former president bill clinton in st. cloud, minnesota, representing president obama on the campaign trail tonight. jessica yellin is traveling with the president. i want to remind you, though, if you want to continue to watch bill clinton, can you go to cnn.com/live and you can see the rest of that. i spoke to jessica yellin just a short time ago, traveling with the president in cincinnati. here she is. >> reporter: president obama rallied a crowd here in cincinnati of more than 13,000. he delivered his closing argument, telling the crowd that he, not governor romney, is the candidate of change. he's a candidate that as president voters can trust. he said he will fight special interests and that he is good for his word. listen to

and they pointed out that jeep is owned by chrysler is owned by fiat, you know?charge became the president is working with the italians. to move jobs to china. now we're laughing. but it's absurd. >> and so mitt romney has told one lie too many. everyone in ohio knows that mitt romney is lying about chrysler sending jobs to china, which puts ohio republican governor and romney supporter in a very difficult spot when nora o'donnell asked him about it this morning on cbs. >> is jeep creating more jobs in ohio or are they sending them to china. >> chrysler is the one auto maker that has increased employment. >> michael moore, i guess that settles it. there's john kasich, he's a big romney supporter. so romney is lying about this, right? and his answer is yeah, he's lying about it. >> you know what gets me about that whole thing is with the jeep thing is that romney and his big donors, all his money people, they actually -- they purchased, helped to purchase delphi which used to be delco which is where my dad worked at g.m. and then they sold like, closed down 24 fac

then not satisfied with that, since fiat owns part -- he said -- i can't make this up.id that the president had allowed the italians to move jobs to china. >> all right. you're listening there to bill clinton. he's in indian river high school there in chesapeake, virginia, campaigning on behalf of the president who is campaigning in the swing state of ohio. of course, if you want to see any more of clinton's speech, go to cnn.com/live right now. all right. now to the latest on superstorm sandy. there are reports that at least 22 million gallons of gas are headed to the northeast to relieve in the shortages. gas rationing got under way in new jersey in 12 counties in an effort to cut down on wait times. people there had been waiting in miles along lines for hours to gas up their cars and get fuel for their generators. >>> all right. some voters in new jersey will face a pretty big election day challenge because of superstorm sandy. five days after the storm polling station managers are working to make sure the voting goes as smoothly as it possibly can. joining me right

then they get called out by the head of fiat. and then they get called out by gm.ggressive, and then paul ryan goes out on the trail and goes back to romney and romney's initial arguments about they're shipping stuff over and totally trashing the auto bailout without ever mentioning that paul ryan voted for the auto bailout. it is surreal and i have to tell you "the toledo blade" my old paper, front page stories each day about this isn't true, how are people responding. i think that when the history of this campaign is written, there's going to be a chapter on this and it's going to be mitt romney's -- i mean, it is a high bar, mitt romney's dumbest move. >> betsey, can you adjudicate a little bit this dispute about what happened in auto in terms of mitt romney's contention that he was basically for the policy that ended up happening even though he clearly was intervening in the debate to make sure that policy didn't happen. >> well, i think he wasn't for the bailout. i don't think anyone thinks he was. he's on record saying he wasn't. >> right. >> but to be fair t

fiat's electric car and dozens of other vehicles. that's all at the los angeles auto show.athisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." coming up, what you need to know before you buy toys this christmas. we'll show you which toys to avoid. >>> what you into ed need to kn heading out onn ethe roads betwn now and lunchtime. dense fog advisory around the bay area and pattern change back into rain in your seven-day forecast when we come right back. >>> welcome back. quite the change this sunday morning compared to 24 hours ago. the fog filled in and somewhere out there is the san mateo bridge. the sign to the right says heavy fog. mid span disappears into the clouds and you can see the visibility in miles dropped off. san francisco into san jose, you're looking at a quarter mile visibility just checking sfo now reporting flight delays of 30 minutes and increasing. that will be the case as long as these low clouds are

when general motors and chrysler and jeep all said this is bull, what did he do he then said because fiatcontrolling interest in chrysler, that the president had moved with the italians to move jobs to china. you know, first he took fsd notes on the immigration deal. and then a lot of other people, in ways i won't take your time up with, now he's going after the italians. if the irish are next, i'm toast. far worse, after every single reputable authority said this is a false charge, he put it on television and then doubled down and put more money behind the ad. because he believes that middle class people are so ascared about their jobs and so uninformed that they will buy any line of bull they see on television. i think they and you are smarter and barack obama will be elected president. finally, and most important, i am for president obama because his plans for the future are better. that's what really matters. and he's going to talk about this, but i'll just give you a brief outline. he wants to begin to invest even more of the new jobs in the 21st century and infrastructure and inform

jeep is owned by chrysler, is owned by fiat, you know. so then the charge became, the president is working the italians. to move jobs to china. a few days ago and i'm toast. now we're laughing. but it's absurd. is that the kind of decider in chief you want? i don't think so. >> nobody can point out the absurdity like bill clinton, krystal? >> he's absolutely amazing and i'm actually hopeful that this one time the lie actually caught up with mitt romney because people in ohio, they actually know what is going on with the auto industry and the lie was so blatant that the local papers have had to run articles about it, not just in the fact checking section but as headline news and that's to me what is so despicable here. he's not just talking about some random political fact that doesn't have a real impact on people's lives. >> right. >> he's trying to scare people about their livelihood and that is disgusting and pathetic and desperate. >> and also raise the hackels of the auto industry and gm themselves, these are lies. it could not have b

we have nissan, dodge, fiat, ford, volkswagen, subaru, you name it we have tons of cars but how abouts is the kind of car that i need to get to work. the sponsor geico. i could get to work in a hurry with this guy. the you're going to see a lot of really unique neat cars if you want to come out to the auto show in san francisco at the moscone center. it's going to be open at so a.m. until 10:00 tonight. a great time to get out here and maybe walk off some of those calories before you have that big turkey dinner. let's talk weather. around the bay area area some changes outside. remember yesterday it was very, very wet outside. temperatures though chilly under mostly clear skies. we have patchy fog developing in the valleys. down into the 30s in the napa valley right now. through the day high pressure building in overhead we are going to see a lot of sunshine coming our way and some very comfortable temperatures mainly into the 60s outside. so some beautiful weather to come. not only today but over the next couple of days. but oh, gianna, how about this? riding this little baby to work

they just decided by fiat. why? why do they get to do that?iolate free market economics? governor cuomo says this is a super storm, not a hurricane is -- >> it's a little worse are worse even than been described because we have to file and have have our rates approved and then we learn after the fact that they've been approved, they're ready for use, we have a situation like this where we're told you can't use them anyhow. so that creates a lot of sof uncertainty. >> is this a new category, are any policies written under this kind of event? >> yes, i think you did it set it up well because oftentimes hurricane deductibles are used to bind insurers to regulate their exposures. so they use hurricanes for the trigger of the use of those deductib deductibles. and regulators have said it wasn't really a hurricane, it was an extra tropical cyclonic event. >> whatever that is. but when we have a society built on rule of law, enforcement of private contracts and understandings of what outcomes are going to be, when all of a sudden the governor decides