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Apr 16, 2014
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phil lebeau has more. so phil, mary talked in a question and answer after that speech. what did she say? anything stand out for you? >> nothing, really, what stood out, if mary barra thought the intensity in both the public interest of her tenure of ceo, as well as the recall crisis if she thought it might die down, take a look at this speech at the conference she held for auto dealers. she was supposed to address repo reporters for maybe five minutes, it was a zoo. there were dozens of reporters not only from here but from around the world, muscling each other and pushing each other. it was chaos there for a while. we had a chance to ask her questions, one question i asked her was how soon does she believe the internal investigation authorized by a u.s. attorney, how soon does she believe there will be concrete answers on what went wrong with the recalled vehicles, here is what she said. >> as i said, we'll be transparent. so that is where we're at. >> how much longer for the investigation? >> again, you know what i said had i was in washington, we said 45 to 60 days,
phil lebeau has more. so phil, mary talked in a question and answer after that speech. what did she say? anything stand out for you? >> nothing, really, what stood out, if mary barra thought the intensity in both the public interest of her tenure of ceo, as well as the recall crisis if she thought it might die down, take a look at this speech at the conference she held for auto dealers. she was supposed to address repo reporters for maybe five minutes, it was a zoo. there were dozens of...
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Apr 9, 2014
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phil lebeau joins us from chicago. phil, what does it mean for general motors? >> susiusie, this is another example of them saying knock it off, give us all the information as quick as possible or else we'll go to federal court and demand it if you don't turn it over as quickly as possible. some people will hear it and say $7,000 a day? will that really compel general motors to come forward and turn over the documents? that is not the point here, that, the maximum allowed by law, $7,000 a day which is what they were fined per day. this is more of the frustration that they have dealing with general motors on this recall ignition switch recall issue and not getting documents. just a quote i want to give you guys. at the end of the letter it says to be clear a complete response by gm means gm fully and substantively releases all documents, in other words, gm is not complying completely and the federal government says enough, we want all the answers and documents. >> has gm said anything? why wouldn't they produce all the documents? >> well, gm answered the question
phil lebeau joins us from chicago. phil, what does it mean for general motors? >> susiusie, this is another example of them saying knock it off, give us all the information as quick as possible or else we'll go to federal court and demand it if you don't turn it over as quickly as possible. some people will hear it and say $7,000 a day? will that really compel general motors to come forward and turn over the documents? that is not the point here, that, the maximum allowed by law, $7,000 a...
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Apr 8, 2014
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phil lebeau joins us now with more. you know, it was a rough winter for flying and it's really surprising that care line service reached a new high. a high in 2013. is that what the report really says? >> well, remember, the rough winter started mostly in 2014, tyler. and yes it was a record high when it comes to airline service. people will say, well what improved last year? a couple of things did. first of all the airlines did a better job when it comes to bumping passengers. they bumped fewer people, and the other thing to keep in mind is that the airlines, as far as they were handling complaints, they got fewer complaints. 15% fewer in terms of complaints to the federal government. so you put those two together, and you're looking at a record performance in terms of the quality of ire line service. >> let's face it, phil, not everything was better, right? you know, where are the airlines still falling short? >> when it comes to getting you where you want to be on time and get being your bags there without any proble
phil lebeau joins us now with more. you know, it was a rough winter for flying and it's really surprising that care line service reached a new high. a high in 2013. is that what the report really says? >> well, remember, the rough winter started mostly in 2014, tyler. and yes it was a record high when it comes to airline service. people will say, well what improved last year? a couple of things did. first of all the airlines did a better job when it comes to bumping passengers. they...
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Apr 21, 2014
04/14
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phil lebeau is working to confirm this. we're watching shares of ford right now. melissa, over to you. >>> thank you very much, seema. we've heard this before. we heard that deals westbound the replacement for. >> but if it's right, in september she said i'm going to stay at ford forever, now merrill he may get replaced. we just had the news or the discussion about immelt et cetera future. me laly came from ge. >> you think he's going to go back in. >> now pitching for the a's, colon. you never know. just like at that. >> only down 0.4%. >> but down in a matter of minutes. >>> we'll watch the story, of course, at the le lo another delay in the final decide on keystone likely putting it off until the midterm elections in november. how is oil getting shipped around the? >> jackie deangelis has the story. >> being accused of kicking the can down the road. the timing -- we do know it will be after those midterm elections in november november. clearly two sides of the story here that i want to point out. they're arcing that -- world's dirtiest oil, the oil that comes f
phil lebeau is working to confirm this. we're watching shares of ford right now. melissa, over to you. >>> thank you very much, seema. we've heard this before. we heard that deals westbound the replacement for. >> but if it's right, in september she said i'm going to stay at ford forever, now merrill he may get replaced. we just had the news or the discussion about immelt et cetera future. me laly came from ge. >> you think he's going to go back in. >> now pitching...
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Apr 21, 2014
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phil lebeau will join us at 7:00 a.m. with more on this story. >>> and gm is announcing plans to invest $12 million in china by 2017. speaking at the auto china show in beijing, the president of gm china says they plan to build five more plants in china next year. eunice yoon will join us with more news in a minute. >> look at my font. >> what happened? >> who knows. >> wait a second. >> you have no idea. anything on any given day -- >> you can read that from 30 feet away. >> i can see it. i'm fine. >> that's right, you are good with the distance, right? >> i was a good boy in high school. anyway n corporate news, pfizer reportedly approached british rival astrazeneca to propose a $101 billion merger or takeover according to britain's "sunday times." the paper reported that informal conversations about a deal had taken place but no talks were currently underway after astrazeneca resisted the approach. they have been touted as a potential takeover facing patents on several of its best selling drugs. not a matter of complet
phil lebeau will join us at 7:00 a.m. with more on this story. >>> and gm is announcing plans to invest $12 million in china by 2017. speaking at the auto china show in beijing, the president of gm china says they plan to build five more plants in china next year. eunice yoon will join us with more news in a minute. >> look at my font. >> what happened? >> who knows. >> wait a second. >> you have no idea. anything on any given day -- >> you can read...
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Apr 12, 2014
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phil lebeau joining us now, how damaging, phil, are the documents especially for ceo mary barra? >>> on the surface it doesn't seem to be as damaging. but the e-mail indicates there was discussion about the steering issues that were at least e-mailed to mary barra, now whether she saw them, responded, didn't respond, there were no e-mails from her. and here is what the e-mail says, there was a response from one engineer outlining the document in the "the new york times." in the e-mail, he writes, mary, during the initial cobalt case, and that may be separate from the current one, he writes, during the cobalt case, this situation has been evolving, we'll meet and understand the latest data. now this afternoon, general motors has come out with a response, tweeting a response about what mary barra may have known, general motors says the e-mail dated on october 2011, references a saturn ion steering issue which is completely separate from the ignition-related recall. so that is general motors' response to this. so tyler look, you have to see a lot more documents in terms of what mary
phil lebeau joining us now, how damaging, phil, are the documents especially for ceo mary barra? >>> on the surface it doesn't seem to be as damaging. but the e-mail indicates there was discussion about the steering issues that were at least e-mailed to mary barra, now whether she saw them, responded, didn't respond, there were no e-mails from her. and here is what the e-mail says, there was a response from one engineer outlining the document in the "the new york times." in...
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Apr 14, 2014
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phil lebeau, in town for the auto show. what's the story here? there is a new development everyday that has people questioning whether they should be in this stock? >> what's concerning to a lot of people is where is the catalyst. if you're an investor you look at general motors, clear this recall crisis may last a month, two months, minimum, maybe longer depending what other damaging e-mails come out. you look at this, looking at june, july, what's this catalyst after that. the first half onslaught of new vehicles. the second half, the new vehicle onslaught, the excitement is with ford. if you have an auto industry 5%, where's the catalyst. that's what a lot of people are looking at despite the fact you have people saying buy this sock, buy this stock, very few people saying stay clear of it. >> what's this picture? >> you look at buying it because of some of the delay in buying that happened because of the weather. we talked about that ad nauseam, nonetheless, general motors and ford, bmw and tesla, if you couldn't get out in the showrooms for
phil lebeau, in town for the auto show. what's the story here? there is a new development everyday that has people questioning whether they should be in this stock? >> what's concerning to a lot of people is where is the catalyst. if you're an investor you look at general motors, clear this recall crisis may last a month, two months, minimum, maybe longer depending what other damaging e-mails come out. you look at this, looking at june, july, what's this catalyst after that. the first...
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Apr 11, 2014
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phil lebeau, what do you have for us?reporter: document have been released from general motors, same documents turned over to the highway traffic safety administration and 15 minutes ago we saw a headline who mary barra who said from the beginning had no knowledge about the incidents involved in the recall ever 2.6 million vehicles, she has said that now from the beginning, well, there is a headline saying that there was an e-mail, mary, we've had a chance to look at the e-mail and let me put this into context, from october 2011 and at the time there was an e-mail sent to mary, mary, during the initial cobalt case, the ion data did not justify being included with the larger recall that was being investigated. this situation has been evolving. we will meet and understand the latest data fyi, and that was sent to mary bar rra in relationship to an article about a further investigation by nhtsa about the loss of steering. the only e-mail that mary barra was named, no indication that she's read it or responded. we're looking
phil lebeau, what do you have for us?reporter: document have been released from general motors, same documents turned over to the highway traffic safety administration and 15 minutes ago we saw a headline who mary barra who said from the beginning had no knowledge about the incidents involved in the recall ever 2.6 million vehicles, she has said that now from the beginning, well, there is a headline saying that there was an e-mail, mary, we've had a chance to look at the e-mail and let me put...
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Apr 24, 2014
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phil lebeau has those numbers. and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. at delta we're investing billions of dollars, improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. >>> welcome back. valeant pharmaceuticals and pershing square teaming up to try to acquire allergan, but does al
phil lebeau has those numbers. and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. i've always kept my eye on her... but with so...
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Apr 22, 2014
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last year more than 9,300 electrics were sold, and a 17.5% jump from a year ago, and phil lebeau coversnd he is here on earth day. great to talk to you, phil. but electric car sales are up, but how does that stack up to the total auto sales and the projected sales? >> well, it is a drop in the bucket, richard, and in fact, if you look at the projections from j.d. powers you will see the projected sales of 16.1 million and the hybrids with some of them plug-in models, at 624,000, and if you look at the bottom the electrics the leaf and the test models, a nd it is 47,000, an minuscule amounts in relative sales and we are a country by far driven by gas-powered vehicles. >> phil, i go to the dealer, and i get a hybrid or electric and when does that increased cost break even for the amount of money theym a saving by the time i get electric? >> well, it depends and that is what we are all waiting for which is the breakthrough which is going to happen in a couple more generations where you will see the price of the battery or the range of the miles you can get on one charge can, and the price
last year more than 9,300 electrics were sold, and a 17.5% jump from a year ago, and phil lebeau coversnd he is here on earth day. great to talk to you, phil. but electric car sales are up, but how does that stack up to the total auto sales and the projected sales? >> well, it is a drop in the bucket, richard, and in fact, if you look at the projections from j.d. powers you will see the projected sales of 16.1 million and the hybrids with some of them plug-in models, at 624,000, and if...
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Apr 26, 2014
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phil lebeau has more. >> reporter: an interesting day for ford as the company fell shy of investmentsby 6%, there were a number of one-time charges that brought the earnings down about $1 million, some are looking at the overall run rating in terms of the auto business over the next three quarters and they're pretty optimistic about where ford stands. but it is the mix, in other words, how many trucks versus cars that ford was selling that got a little attention. that mix was negative, and analysts wonder if ford can reverse that by this year. the cfo of ford said that will definitely happen. >> we did have mixed results, relating to the profit as we move towards new models. for the full year we believe it will be offset by the product mix or the types of products we sell. so i think for the full year it won't be an issue. >> there were a number of reporters, about how long the ceo mallaly will stay at the automaker. we report there were reports that the board of ford motor company will announce a succession plan in the next 30 days and that mullaly will be leaving ford at the end of
phil lebeau has more. >> reporter: an interesting day for ford as the company fell shy of investmentsby 6%, there were a number of one-time charges that brought the earnings down about $1 million, some are looking at the overall run rating in terms of the auto business over the next three quarters and they're pretty optimistic about where ford stands. but it is the mix, in other words, how many trucks versus cars that ford was selling that got a little attention. that mix was negative,...
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Apr 17, 2014
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phil lebeau has been at the auto show kicking the tires and has the latest. >> reporter: here at the new york auto show, three of the most well known names in the industry are getting plenty of attention, starting with this car right here, the all-new toyota camry. they are changing virtually everything to pump new life into the sedan, toyota has given the camry a likely more aggressive look and a more refined interior in hopes of keeping the car on topment speaking of being -- speaking of being on top, look at what is on top of the empire state book, the limited edition mustang. ford is selling over a thousand editions of the copy of the car to commemorate the fact it was unveiled in 1964 here in new york. >> we literally had about five hours to bring the vehicle up in the elevators. and the team had five hours to put it back together galloagain. they had to deal with the rain and sleet and wind, and had it looking terrific this morning. >> finally, looking great, the sleet 44 c, going on sale in june starting at just over $55,000. even though alpha romero's comeback has been expect
phil lebeau has been at the auto show kicking the tires and has the latest. >> reporter: here at the new york auto show, three of the most well known names in the industry are getting plenty of attention, starting with this car right here, the all-new toyota camry. they are changing virtually everything to pump new life into the sedan, toyota has given the camry a likely more aggressive look and a more refined interior in hopes of keeping the car on topment speaking of being -- speaking...
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Apr 16, 2014
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welcome back, everybody, let's go to phil lebeau at the international auto show in new york. for us. show us what you got, phil. >> we have the jaguar f-type. we will talk about that as well as land rover. the ceo. the last time we talked, a couple years ago you guys were starting to say, this is going to be our vision for the future an sales have just taken off. why do you believe you are just hitting the sweat spot when it comes to jaguar? >> i guess we have absolute focus on product and it's a very compelling combination and product substance and a very attractive price to deliver sensation of the vehicle. f-type, high power, high stiffness, it's a sensational car to drive. >> this starts somewhere between 60 and $65,000. that's becoming a kroulded space when you look at the high end luxury sports coup. you think there is plenty. >> the u.s. is coming back. there is enough space there. and we are delivering special experience for our customers and special products. not in volume, but really just a special product in there specialization. >> and this specialization pays off
welcome back, everybody, let's go to phil lebeau at the international auto show in new york. for us. show us what you got, phil. >> we have the jaguar f-type. we will talk about that as well as land rover. the ceo. the last time we talked, a couple years ago you guys were starting to say, this is going to be our vision for the future an sales have just taken off. why do you believe you are just hitting the sweat spot when it comes to jaguar? >> i guess we have absolute focus on...
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Apr 14, 2014
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anyway, when we return, phil lebeau just flew in from the windy city. wow.n you put that in a teleprompter -- go back, let me read that better again. >> he just blew in. >> he just blew in from the windy city. anyway, he's in town for the auto show. next, the biggest issue facing the industry from gm's recall to tesla's industry battle. we'll return in just a minute. life with crohn's disease or ulcerative colitis is a daily game of "what if's". what if my abdominal pain and cramps end our night before it even starts? what if i eat the wrong thing? what if? what if i suddenly have to go? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your symptoms is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisadvocates.com to connect with a patient advocate from abbvie for one-to-one support and education. >>> the imac and the world bank held their annual spring meeting over the weekend. joining us is albert alberto alvarez from bank of america. al
anyway, when we return, phil lebeau just flew in from the windy city. wow.n you put that in a teleprompter -- go back, let me read that better again. >> he just blew in. >> he just blew in from the windy city. anyway, he's in town for the auto show. next, the biggest issue facing the industry from gm's recall to tesla's industry battle. we'll return in just a minute. life with crohn's disease or ulcerative colitis is a daily game of "what if's". what if my abdominal pain...
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Apr 22, 2014
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he talked about this with cnbc's phil lebeau last week. >> i take over some of the bpr meetings and the running of the daily operations of the company. but we're all working as one team and staying very focused on this record number of launches that we have this year, growing the business, both here and in international markets. so we're not missing a beat. we're staying focused and doing our jobs. >> mulally who entertained the idea of becoming microsoft's ceo is expected to take on another high-profile position as well. ford higher by 1.5% in german trade today. >>> it's one of those songs you can't get out of your head, "it's a small world." 50 years ago disney unveiled the it's a small world after all ride. disney hosted a 24-hour around the world sing along at all of its theme parks. much to the delight of many, many, many parents. for those of us who are still children at heart. right? >>> still to come here on the show, our mega mergers set to make a comeback in pharmas? we'll be talking takeovers on both sides of the atlantic. let's next. tweet us directly @louisa bojesen. good
he talked about this with cnbc's phil lebeau last week. >> i take over some of the bpr meetings and the running of the daily operations of the company. but we're all working as one team and staying very focused on this record number of launches that we have this year, growing the business, both here and in international markets. so we're not missing a beat. we're staying focused and doing our jobs. >> mulally who entertained the idea of becoming microsoft's ceo is expected to take...
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Apr 10, 2014
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brian, back to you. >> okay, thank you very much for that, phil lebeau. we can see on a generally down day, gm stock is marginally higher. straight out to bob pisani. as we were saying a couple of days of gains all but gone. >> yes. but remember, where we were just about two days ago on the indices. it's the sector groups you want to watch. health care was the market leader as well as telecom. here you see health care on the weak side. pharma also weak. tech weak. everything down about 1.8%. telecom is a very small group. that's been a market leader but it doesn't have a big impact overall. selling stocks, buying bonds. ten-year yields right now. five-week lows. this is a one-month chart you're looking at as people move into the bond market. take a look at your previous leaders. you heard sheila talking about biotech. more importantly the broader pharmaceutical group. that, of course, includes all the drug stocks. there is your semiconducts and airlines. these are all market leaders for the year. you can see they are on the downside. down greater than the
brian, back to you. >> okay, thank you very much for that, phil lebeau. we can see on a generally down day, gm stock is marginally higher. straight out to bob pisani. as we were saying a couple of days of gains all but gone. >> yes. but remember, where we were just about two days ago on the indices. it's the sector groups you want to watch. health care was the market leader as well as telecom. here you see health care on the weak side. pharma also weak. tech weak. everything down...
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Apr 16, 2014
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our phil lebeau is with a first on cnbc interview. hi, phil. >> hey, tyler. diesel fans, listen up.s one is for you. i'm with scott keough, in about a half hour you're going to unveil the clean diesel. what's your perception? >> we think for oughti it's very strong. tdi is about 10% of our mix, but if you look at specify car lines, q7, and if you look at the former, a3, 50% of all sales are tdi, but for us it works. >> it works for you. german automakers, their history is steeped in diesel, so it works for them. when will america as a whole start to accept diesel more? >> it's a simple thing. i look at behavior and i look at infrastructure. if you look at the customer behavior, minimal. move your hand, down the pump, put it in the car. infrastructure is in place. diesel is in gas station. >> changing perception. >> i think the way it comes, get more cars on the road, and then you have it. >> >> the standard a3, if you will, is already out in showrooms. what's the early acceptance? >> it's huge. the car's been on the market for a few weeks. a few thousand are on the road. >> it's a c
our phil lebeau is with a first on cnbc interview. hi, phil. >> hey, tyler. diesel fans, listen up.s one is for you. i'm with scott keough, in about a half hour you're going to unveil the clean diesel. what's your perception? >> we think for oughti it's very strong. tdi is about 10% of our mix, but if you look at specify car lines, q7, and if you look at the former, a3, 50% of all sales are tdi, but for us it works. >> it works for you. german automakers, their history is...
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Apr 14, 2014
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phil lebeau is here. rst i want to go to you, phil, in the context of what has happened, and the internal documents that were revealed. >> officially gm will say, hey, both of these people have left the company, pursuing other opportunities, but let's be honest. i think you're seeing mary barra and the management team becoming much more aggressive at least in trying to convey the tone of we are going to change this company. whether that means they're going to be more aggressive with her coming occupy and speaking publicly remains to be seen. i don't think they'll get too aggressive. >> i think they'll no longer be played. >> they say not the good direction. >> the head of communications, also, by the way, mary barra was the head of human resources when all of this was going down? >> yes, her previous job was head of human resources. >> she advanced up through the ranking, but had been. >> this is just conjecture. what you're trying to send a message we are a different company, the people we will employ wil
phil lebeau is here. rst i want to go to you, phil, in the context of what has happened, and the internal documents that were revealed. >> officially gm will say, hey, both of these people have left the company, pursuing other opportunities, but let's be honest. i think you're seeing mary barra and the management team becoming much more aggressive at least in trying to convey the tone of we are going to change this company. whether that means they're going to be more aggressive with her...
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Apr 8, 2014
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. >> thank you very much, phil lebeau. >>> one beverage stock is slewly tanking today after an analyste soda has gone flat. >> if imitation is the greatest form of flatly, facebook must be blown away by what twitter is about to do. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a
. >> thank you very much, phil lebeau. >>> one beverage stock is slewly tanking today after an analyste soda has gone flat. >> if imitation is the greatest form of flatly, facebook must be blown away by what twitter is about to do. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve...
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Apr 7, 2014
04/14
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phil lebeau joins us now. to ask you whether or not there's been any big developments, but first i'm not entirely sure that that was a topic that one should make fun of. >> yeah, well, you're asking me to judge whether or not "saturday night live" should make fun of a topic. they have made fun of far worse topics in terms of subject matter so i'm not surprised and when i saw it on saturday night, kate kelly, on twitter, put it best. never good when your ceo is mocked on "saturday night live" in the opening skit, and so i wasn't surprised to see it. >> tell us what's happening and the latest with gm. sort of referring to the fact that obviously people have died in this situation. >> right. >> that's what i was getting at. >> nonetheless, what's the lateest? >> mandy, wait, they weren't mocking the deaths of people. nobody denies that this is a serious situation. i think they were mocking the way it all played out last week and how the testimony played out, particularly on the second day on capitol hill. having
phil lebeau joins us now. to ask you whether or not there's been any big developments, but first i'm not entirely sure that that was a topic that one should make fun of. >> yeah, well, you're asking me to judge whether or not "saturday night live" should make fun of a topic. they have made fun of far worse topics in terms of subject matter so i'm not surprised and when i saw it on saturday night, kate kelly, on twitter, put it best. never good when your ceo is mocked on...
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Apr 16, 2014
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i'm phil lebeau live at the new york auto show. this is the all new toyota camry unveiled within the last minute. might be saying all new, didn't they come up with a new one a couple years ago? because it's facing pressure from more competition, they have stripped it down and rebuilt it. it is slightly longer, a little bit wider, and a much more aggressive stance. whether or not that's enough to keep camry on top as being the best-selling car in the u.s. remains to be scene. that's what's happening right now here at the new york auto show. david, back to you. >> we were talking autos yesterday here with kyle bass as we get to our mad dash for this morning. specifically, gm. we had a conversation right here about that stock. >> let's talk about that. now my travel trust owns gm. i've been dead wrong about it. one of the things i've been dead wrong about i felt that frankly the liability here for these deaths could be huge. now it's very difficult to talk about this. obviously money and death don't go together. but no one could stop
i'm phil lebeau live at the new york auto show. this is the all new toyota camry unveiled within the last minute. might be saying all new, didn't they come up with a new one a couple years ago? because it's facing pressure from more competition, they have stripped it down and rebuilt it. it is slightly longer, a little bit wider, and a much more aggressive stance. whether or not that's enough to keep camry on top as being the best-selling car in the u.s. remains to be scene. that's what's...
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Apr 8, 2014
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it's a new group fronted by phil lebeau. >> wait until you see this video. this is the latest crash test to come to us from the insurance institute for highway saif. mid size suvs incredibly popular, but are they say? we'll have the results when "power lunch" returns. er lunch". sploo marcus le mone will weigh in when we come back in two minutes with "the profit." the p" ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status here. you can pay
it's a new group fronted by phil lebeau. >> wait until you see this video. this is the latest crash test to come to us from the insurance institute for highway saif. mid size suvs incredibly popular, but are they say? we'll have the results when "power lunch" returns. er lunch". sploo marcus le mone will weigh in when we come back in two minutes with "the profit." the p" ameriprise asked people a simple question: in retirement, will you outlive your money?...
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Apr 21, 2014
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phil lebeau has the latest. not good news for gm again. >> certainly not good news, sue. these developments came over the weekend when documents were released all surrounding a recall that general motors announced on march 31st. that recall involved 335,000 saturn ions that were cad for power steering problems, but it's the background, the history that's getting a lot of attention. the complaints involving this vehicle in power steering started all the way back in 2004. over time there were more than 30,000 warranty claims and three service bulletins were issued by gm to the dealers addressing this problem. 2005, and then again as we get closer to to 10, 2012, before they eventually said there's enough to issue a recall on march 31st. the new head of vehicle safety at general motors, he was very blurnt in saying we did not do enough when it comes to this recall. he also said that general motors is moving to change the culture so problems are addressed immediately and they don't drag on a number of years. >>> look at the first-quarter recalls according to steve. but two ou
phil lebeau has the latest. not good news for gm again. >> certainly not good news, sue. these developments came over the weekend when documents were released all surrounding a recall that general motors announced on march 31st. that recall involved 335,000 saturn ions that were cad for power steering problems, but it's the background, the history that's getting a lot of attention. the complaints involving this vehicle in power steering started all the way back in 2004. over time there...
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Apr 9, 2014
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phil lebeau, what is going on with all these car recalls.part goes bad, a whole bunch of vehicles were being recalled. that's what happened when toyota out of japan announced a worldwide recall totalling 6.7 million vehicles. we saw recalls, because there's actually a couple of them here. 27 models, we're not going to run down all of them, the corolla, highlander, almost all the popular models are involved in some fakes. they were made between 2004 and 2013. these recalls from toyota involve potential faulty air bags, seat rails, steering issues. there's a host of potential problems there, but we should point out that toyota says of no known accidents or deaths surrounding the recalls. and keep in mind, despite the recalls that have been announced by toyota today, what's going on with general motors and its recall of 2.5 million vehicles, auto sales have been picketing up. they're expected to be up about 5 to 8% this year. the large number of recalls again, it's all due to the commonalty of parts being used on platforms around the world, so
phil lebeau, what is going on with all these car recalls.part goes bad, a whole bunch of vehicles were being recalled. that's what happened when toyota out of japan announced a worldwide recall totalling 6.7 million vehicles. we saw recalls, because there's actually a couple of them here. 27 models, we're not going to run down all of them, the corolla, highlander, almost all the popular models are involved in some fakes. they were made between 2004 and 2013. these recalls from toyota involve...
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Apr 11, 2014
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we have some breaking news with phil lebeau. >>> on capitol hill, the house energy and commerce committeell investigation, and these documents apparently at this point, according to reuters, gmc ceo who has said in the mast mary barra said she had no idea about the recall issue, but according to the documents, maria barra received an e-mail in 2011, discussing steering problems in troubled gm models that were later recalled. and she received an e-mail discussing these models that were later recalled. those are the documents that just been released by the house energy and commerce committee. we'll certainly have an update as we look through them and see what other developments we notice. >> and we can certainly see that general motors stock is down by 4.5%, losing steam even as we speak. this could potentially spell a lot of trouble, because it kind of implicates she knew more than she was originally letting on. >> right. the thing to keep in mind is exactly what did the e-mail say. that's one thing. or did the e-mail say, look, we have a recall, but we're not sure if it can be recalled. i
we have some breaking news with phil lebeau. >>> on capitol hill, the house energy and commerce committeell investigation, and these documents apparently at this point, according to reuters, gmc ceo who has said in the mast mary barra said she had no idea about the recall issue, but according to the documents, maria barra received an e-mail in 2011, discussing steering problems in troubled gm models that were later recalled. and she received an e-mail discussing these models that were...
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Apr 15, 2014
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phil lebeau is here with joe lawrence, coo of porsche north america.eople are worried about the way the super sports car of the future is going to look because there's going to be so many regulations you need to adhere to. this is porsche's answers. you can get 67 miles to the gallon in a hybrid electric car with how many horses? >> 887. >> 887. >> just 887. >> a mere 887. >> beautiful paint job called liquid silver and carbon everywhere on this. >> carbon fiber tub. that's what helps save the weight because we have to overcome the weight of the batteries in the vehicle. this is the future of the sports car for us and this is what we would call a technology carrier for the whole rest of our lineup. you will see a lot of this technology filter down. we already have. we have a plug-in hybrid that uses some of the technology from this vehicle. >> basically $1,000 per horsepower. >> not quite. >> 850,000. >> 845,000. >> but that's standard. that's without any options. you get it loaded. >> comes pretty well equipped. >> so a lot are worried they love the f
phil lebeau is here with joe lawrence, coo of porsche north america.eople are worried about the way the super sports car of the future is going to look because there's going to be so many regulations you need to adhere to. this is porsche's answers. you can get 67 miles to the gallon in a hybrid electric car with how many horses? >> 887. >> 887. >> just 887. >> a mere 887. >> beautiful paint job called liquid silver and carbon everywhere on this. >> carbon...
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Apr 25, 2014
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our own birthday boy, phil lebeau, is here as we wrap up earnings.for the birthday wishes. let's bring in bob shanks joining us from the ford headquarters. bob, an interesting earnings report today, because there are a number of moving pieces here. it gets a lot of people's attention is that, a, you didn't beat the street in terms of expectations, in part because you had a number of items in the first quarter that basically took out about $900 million. what happened? >> you're right, phil. and happy birthday from all of us here at ford, as well. >> thank you. >> yeah, we had three things that occurred in the quarter that affected north and south america. let me hit south america first. we had some balance sheet effects from the weakening currencies there, largely around venezuela and argentina. in north america, two factors -- the harsh winter weather that disrupted operations to some extent, so premium costs we had to incur to keep production going, and the other one was warranty reserve adjustments related to field service actions. >> and this gets
our own birthday boy, phil lebeau, is here as we wrap up earnings.for the birthday wishes. let's bring in bob shanks joining us from the ford headquarters. bob, an interesting earnings report today, because there are a number of moving pieces here. it gets a lot of people's attention is that, a, you didn't beat the street in terms of expectations, in part because you had a number of items in the first quarter that basically took out about $900 million. what happened? >> you're right,...
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Apr 22, 2014
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phil lebeau has more in chicago with more on what china means for elon musk and tesla. >> huge potentialit. we'll talk about that in a bit, the fact that china is a huge market, as well as the pump for e.v.s. but this was the scene earlier today in beijing as elon musk was on hand for the delivery of the first model ss that have been sold in china. selling price? approximately $122,000, which i know that sounds expensive, but most people are saying that's not a bad deal compared to other luxury vehicles in china. here's what he told us earlier today in beijing in terms of the demand he expects in china. >> as far as our sales in china, it's difficult to make precise predictions. what we see right now is pretty strong demand. i think probably more demand than we can fulfill this year. >> as a result, they're already taking some vehicles that might have been shipped to europe or here in north america and shipping them over to china. tesla expects to sell 35,000 vehicles worldwide this year, about two-thirds of those overseas, mainly europe, but also developing in china and asia. and becaus
phil lebeau has more in chicago with more on what china means for elon musk and tesla. >> huge potentialit. we'll talk about that in a bit, the fact that china is a huge market, as well as the pump for e.v.s. but this was the scene earlier today in beijing as elon musk was on hand for the delivery of the first model ss that have been sold in china. selling price? approximately $122,000, which i know that sounds expensive, but most people are saying that's not a bad deal compared to other...
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Apr 21, 2014
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phil lebeau will join us at 7:00 a.m.> and gm is announcing plans to invest $12 million in china by 2017. speaking at the auto china show in beijing,
phil lebeau will join us at 7:00 a.m.> and gm is announcing plans to invest $12 million in china by 2017. speaking at the auto china show in beijing,
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Apr 25, 2014
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our phil lebeau is covering that for us. phil?the top and bottom line from ford. interesting notes in the quarter that we will talk about in just a little bit. run down the earnings. earning 25 cents a share. 6 cents shy of analyst estimates of 31 cents a share. revenue at 33.9 billion. the street was expecting a little more than 34 billion. why is ford falling shy of at least what analysts were expecting and what many others were expecting? 17 cents worth of one-time factors. the company attributes to taking a hit in the first quarter. you take that 17 cents and it comes down to $900 million. three factors. 400 million in terms of venezuela, south american exchange. and another thing, warranty costs. basically these are reserve adjustments that based on the recent pattern the last couple of years of warranties for new vehicles, ford's expectation is that it will need another 400 million in terms of warranty costs and reserves. so they are going to be taking that in the first quarter. also, 100 million dollars due to weather in th
our phil lebeau is covering that for us. phil?the top and bottom line from ford. interesting notes in the quarter that we will talk about in just a little bit. run down the earnings. earning 25 cents a share. 6 cents shy of analyst estimates of 31 cents a share. revenue at 33.9 billion. the street was expecting a little more than 34 billion. why is ford falling shy of at least what analysts were expecting and what many others were expecting? 17 cents worth of one-time factors. the company...
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Apr 15, 2014
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. >> phil lebeau has a sneak peek for us. >> forget what's under the hood.hat's under the car cover? what do we get to see this? >> reporter: a world debut. steve, let's tell them what this is all about. >> let's get right to it, the world premiere of the s-63 amg coup. >> this is your performance line, but what stands out about the s-63 in your opinion? >> for me the s-63 is where beauty meets intelligence meets raw performance. i mean, i think if this car were a person, it would be kate upton with a harvard degree who could outrun usain bolt in 100 meters. that's how accomplished this car is. >> you haven't announced pricing yet but somewhere in that $150,000 range, at least for a start at that point. that's rarified air in the auto business, but you believe you'll see pretty strong demand. >> such a strong lineup for us to continue to flex our muscles at the top of the automotive range with the s-coup and the amg lineup it benefits the entire lineup, for the cla up to 29,9, that's quite a model. >> you have to tell everybody the statistic. what percentage
. >> phil lebeau has a sneak peek for us. >> forget what's under the hood.hat's under the car cover? what do we get to see this? >> reporter: a world debut. steve, let's tell them what this is all about. >> let's get right to it, the world premiere of the s-63 amg coup. >> this is your performance line, but what stands out about the s-63 in your opinion? >> for me the s-63 is where beauty meets intelligence meets raw performance. i mean, i think if this car...
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Apr 24, 2014
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phil lebeau has a special guest. we're getting mail, phil. let them go back to marketing.e either. we're glad to have this guy. >> the open invitation to mary barra is out there. let's bring in chuck stevens from g.m. headquarters, cfo of general motors joiningquarters . two cents better than expecting. revenue a little lighter. specific to first quarter, what was the difference, if anything, in terms of what you saw once the recall scandal exploded mid-february versus the first month of the quarter. what impact was on the bottom line? >> well, obviously in q1, 1.3 billion charge related to the recall campaigns overshadowing our results. we were quite pleased are results. strong performance overall. north america, earnings were actually up 500 million year over year. that would have been the third quarter in a row. earnings up just under nine percent year over year. we were overall quite pleased with the results despite the impact. >> we saw it explode in the beginning of february. was there any change either in terms of the revenue you were bringing in in the first six we
phil lebeau has a special guest. we're getting mail, phil. let them go back to marketing.e either. we're glad to have this guy. >> the open invitation to mary barra is out there. let's bring in chuck stevens from g.m. headquarters, cfo of general motors joiningquarters . two cents better than expecting. revenue a little lighter. specific to first quarter, what was the difference, if anything, in terms of what you saw once the recall scandal exploded mid-february versus the first month of...
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Apr 9, 2014
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phil lebeau is live in chicago with more on that. it's getting a hit here. and that's because people are looking at this and they're saying, wow, this is a huge recall. second-largest ever for toyota. certainly the largest coming back in 2009 when there were, what, almost 10 million vehicles recalled due to unintended acceleration concerns. let's run down exactly what we're looking at. there are a number of recalls involved here. two major ones. altogether, number of vehicles impacted, 6.76 million vehicles worldwide. 2.3 million of those in north america. we should point out, some of the vehicles are named in both recalls. that's why you see a number -- numbers that are flying out there right now in terms of total number. 27 models. the corolla, yiris, rav 4, and depending on the recall, we're talking about vehicles made between 2004 and 2013. so what are the recalls involving? well, toyota says there could potentially be faulty air bags, problems with the seat rails, or potentially the steering involved in some of the vehicles. but
phil lebeau is live in chicago with more on that. it's getting a hit here. and that's because people are looking at this and they're saying, wow, this is a huge recall. second-largest ever for toyota. certainly the largest coming back in 2009 when there were, what, almost 10 million vehicles recalled due to unintended acceleration concerns. let's run down exactly what we're looking at. there are a number of recalls involved here. two major ones. altogether, number of vehicles impacted, 6.76...
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Apr 2, 2014
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they're offering great -- phil lebeau has been in a factory talking about $80,000 a year they will payter or worse than companies have talked about the skills gap over and over again. and yet in truth, the idea that there are remaining jobs out there has always been the case. he says it's the lowest it's ever been. just what it is. this next story's amazing. >>> coming up today, autism awareness day. up next, we're going to talk to pulitzer prize-winning journalist ron suskind about his done's struggle with autism and how disney characters helped him connect. >> if you do nothing else today, watch this. >>> today is autism awareness day. our next guest is well known for his pulitzer-prize winning book on the economy. but his new book is called "life: animated." it's a very personal story about his family's struggle with his son's autism and how he used his son's love of disney movies to communicate with him. ronn suskind is with us. there's something about disney movies. >> no doubt about it. there's a lot of disney kids out there. >> since autism speaks became, you know, so visible, w
they're offering great -- phil lebeau has been in a factory talking about $80,000 a year they will payter or worse than companies have talked about the skills gap over and over again. and yet in truth, the idea that there are remaining jobs out there has always been the case. he says it's the lowest it's ever been. just what it is. this next story's amazing. >>> coming up today, autism awareness day. up next, we're going to talk to pulitzer prize-winning journalist ron suskind about...
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Apr 15, 2014
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phil lebeau. >>> more and more people are filing their taxes electronically this year, according to there sent in electronically. but for the uninitiated, what is the best way to efile your taxes? our own jon fortt will talk about that later this hour. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. [wbecame your business. out how fpassion...can pay you at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings. ♪ >>> let's get over to the cme in chicago. rick santelli with the "santelli exchange." hey, rick. >> hi, carl. we live in a great country, and everybody needs to pay their fair share, and we have to keep the lights on and all the programs going, i understand it. but there are some trends, and i won't dig into them, they are what they
phil lebeau. >>> more and more people are filing their taxes electronically this year, according to there sent in electronically. but for the uninitiated, what is the best way to efile your taxes? our own jon fortt will talk about that later this hour. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal?...