chrysler mades, it clear that it was the national highway traffic safety administration that had put pressure on them to do that. i think that is the most important reaction. detroit a message to and automakers around the world that there is accountability. actualu will face an ally demanded recall. gm did leaving this bug in the vehicle for five years will not fly anymore. this is a big wake-up call in the sense that if your vehicles can be hacked, you will face consequences and regulatory pressure. host: what has been the response of the carmaker? andrew: they don't talk to me very much. i hear that they are taking it seriously and that they have been secretly taking it seriously for a few years, but are incredibly shy about talking about the problem. they haven't even reached the stage where they believe they can get more positive press. than the negative press they get by just talking about the fact that cars can be hacked in general. believe ino just shutting up and hoping that the problem goes away, which it won't. that they are say not doing important things behind the scenes.

and it turned out within 24 hours chrysler kind of made clear that it was the national highway traffic safety administration that had put pressure on them to do that. and i think that that is, you know, the most important reaction to this, is -- because it sends a message to detroit and automakers around the world that there is accountability here, that, you know, you will face an actual regulatory, regulatorily-demanded recall if you leave these vulnerabilities in your cars. what gm did, leaving this hackable bug in their onstar vehicles for five years, that's not going to fly anymore. you know, i think that this is a big wake-up call in the sense that this is going to be -- if your vehicles can be hacked, you're going to face consequences and scandal and regulatory pressure. >> host: what's been the response from the carmakers? >> guest: well, they don't talk to me very much. [laughter] i think that they're -- i hear that they are taking this very seriously, that, in fact, they're secretly been taking it seriously for a few years. but they are incredibly shy about talking about the p

if you drive a car made by fiat chrysler. he company is recalling nearly 900,000 jeep, dodge and fiat suvs made between 2012 and 2015. they say moisture can build up in the brake controls totally disabling the brake system and the stability control. also several hundred thousand jeep grand cherokees and liberties are being recalled because air bags can inflate for no reasons. those cars made in 2003 and 2004 are affected. the dealership can fix the problem for you if you drive any of those cars. >>> an important update for those of you whose trip to work could see a setback in the new year. remember, watch news 4 when you're at work or on the go. open up the nbc washington app and tap watch live tv now. that's at the top of the screen. you can stream news4 midday live e >>> there will be no cuts to vre next year. president obama is expected to sign a three-year extension to the deadline for positive train control that will stop a train that is speeding. >>> the smithsonian will make a change for nursing mothers. right now only

the union recently made a similar threat against fiat chrysler before striking a new deal there. after that the union made it very clear it was expecting a higher pay rate from gm. we will have more on the story as it breaks. >>> fox news is america's headquarters and hillary clinton is wrapping up a pivotal weekend. she spoke to more than 6,000 democrats. historically it's a key event in the run-up to the caucuses. barack obama used it as a major spring board and so hillary clinton is looking to echo on that success. and already slamming would be republican points. >> when republicans debate, they compete. to insult each other, demean women, and they double down on trickle down. actually, it is reality tv. with a cast of characters who don't care much about actual reality. >> a room full of friends, you can say whatever you want. while clinton went after republican rivals she took some heed in bernie sanders. >> she did. hillary clinton is coming off of a very strong week. bernie sanders used his time to perhaps take her down a lot. he did go after her record and her reliance on

leadersover the united auto workers will vote today on a new contract deal with fiat chrysler, all of details have not been madeyet, but there are reports it includes a pay raise for younger workers. that was a key uaw demand. david ariosto has more. >> reporter: this was once the picture of american auto workers, assembly lines turned out cars at a frenzy's pace to make the united states the world's leading manufacturer of automobiles. in 1950 about 17% of all american worker produced autos or auto parts. today that number is less than 1%. following years of competition that hurt u.s. sales. and yet six years after an $80 billion bailout and mass layoffs the u.s. auto industry is poised for its best sales year in more than a decade. >> we're seeing new investment going on in this country both from the domestics and imports, so i think there is still a lot of viability as an automotive worker in the u.s. >> reporter: that's especially true in tennessee and mississippi where weaker unions and reduced labor cost has made manufacturing more attractive. >> it has shifted and there's more auto economy in the south t

just glancing at that report, more than 2 dozen diesel car models made by bmw, chrysler and mercedes benz are under scrutiny for potential rigging of emissions tests. volkswagen shares down by 3% but it's very interesting that the epa sees the need to expand that probe to other car brands. moving on, despite outperforming the other major u. s. indices the nasdaq posted it's first quarter? >> historically tech investors have had good news in the final quarter of the year. sam stovall of s&p capital iq says since 1990 the tech sector climbed an average of nearly 7% in q-4 and the sector is up about 80% of the time. now we know tech just dropped about 4% in the 3rd quarter but that should not worry investors. since 1995, the tech sector has climbed an average of about 5% in q-4 after afafalling in q-3 rose more than 70% of the time. now as for s&p's top tech picks right now they include alliance data system. a company that processes data for marketers. symantec trading at a big discount and xerox where analysts think the company could split in two creating value for investors. you might

chrysler leaders on the job. blavm >>> the nobel committee has made a strong statement in favor of democracy in the arab world thisng. it awarded the peace prize to the tunisian national dialogue quartet. a group of four organizations that helped smooth the political process. it cited the group for its efforts towards peace following the 2011 revolution. >> it was thus instrumental in enabling tunisia in a space of a few years, to establish a constitutional system of government, guaranteeing fundamental rights for the entire population, irrespective of gender, political conviction or religious belief. >>> nicklas is director of tunis exchange. he told al jazeera there are mixed reactions in tunisia to news of the award. >> they will be debating in these comes days, whether or not the stated purpose of the nobel committee which was to award islamist and secularist successful cooperation, whether or not that is served by giving the nobel peace prize to four ngo's that were intermediaries rather than the actual actor who had to go to the streets for protests, and work out bargains in the parliament. so i'm wondering

made. let's get back to the markets. we saw chrysler rising again despite plans for a strike.res climbed for a sixth straight session, up 4%. alife saw a decline after a cut its sales forecast, down 7.3%. tumbling to his lowest after its ipo after morgan the targetshed price, citing disappointing sales. as for the broader markets, the s&p 500 rose to its highest level since august, led by a rebound in biotech shares. let's get more with the president of kumar global strategies. always good to talk to you. the last time we talked, it was pretty much the same thing, right? china.ed about the fed, but what is different? >> what has changed recently is that we talked about whether the economy was weak or strong. analysts think about the economy as being strong, but there are signs of weakness. the jobs figure, you found people looking for 250,000 jobs being created in the united states. we had 542,000. not only that, but the numbers were uniformly poor, including a 38-yearparticipation to lows. there are greater signs of economic weakness. the china impact is being felt in german

chrysler. all details have not been made public, but there are reports it includes a pay raise for younger workers and improved health benefits. an earlier agreement was approved by union leaders, voted down by workers last week. >> federal and state investigators are reportedly looking into a possible second computer program that could have given false emissionles results for volkswagen's diesel cars. on capitol hill yesterday, volkswagen c.e.o. acknowledged use of a software that cheats those tests. lisa stark has more. >> the head of volkswagen of america faced rare agreement from both sides of the political aisle, anger and disgust. >> v.w. has betrayed a nation, a nation of regulators, loyalist, suppliers and innocent customers. it's time to clean it up or get off the road. >> the auto industry has deliberately chosen to perpetuate lice. american consumers are not crash test dummies. >> v.w. admitted to deliberately installing software to cheat on emissions tests. american c.e.o. michael horn offered his sincere apology. >> let member very clear. we at volkswagen take complete responsibility

chrysler. they reached a deal for 20,000 workers. the union says it made significant gains. workers will vote on the agreement tomorrow. many said it did not do enough to close the gap for lower paid employees. floodingis threatening the water supply in south carolina's capital. meanwhile, the state warns that the threat of flooding in coastal areas could last to the weekend. and the chicago cubs are moving up in playoffs. i know. they beat pittsburgh in the national league wild-card game. complete game shutout. next up, the st. louis cardinals. tom: just one example -- megan murphy of our washington office, she had to be sedated because her cubs moved forward. vonnie: bookies. they have 25% of the outstanding book. tom: $8 billion in all cash transaction. this is real estate. this is gorgeous city properties fancyton, san francisco, office buildings for fancy phd's and biotech. vonnie: we have a 24% premium. million deal to end the sec probe as well. tom: i want to get to the data check. looking at equities, bonds, currencies, commodities. within features. futures. looking

made in 2003 and 2004. now, several people have been hurt. now, fiat chryslerays the dealership can fix the parts iffer you if you drive any of those cars. that is the latest from the live desk. back to you. >>> first on 4, a virginia murder case. we give you the inside look. he was the lacrosse player accused of killing yeardley love. he claims love was slamming her own head against the wall the night of may 3rd, 2010. listen to the reaction when police tell him she's dead and he's the primary suspect. >> i don't know how the [ bleep ] she died. >> because you killed her george. >> i don't know how the [ bleep ] she died. >> because you killed her. >> investigators released it because huguely has exhausted all possible appeals. he was convicted of second-degree murder and sentenced to 23 years in jail. >>> another teen is charged after making threats in school. the alleged plot involved a student at a school in stafford. he threatened to bomb the school and shoot students. police found guns and rifles lockdown up in the teen's home and found no evidence of tho

united states had said that osama bin laden was dead and chrysler was alive and that was the theme of their campaign. they are the ones who madet political and now they are trying to say that trey gowdy is a political animal. that's just not true. >> raul labrador, thank you very much. thanks for being with us. >> thank you. >>> we are not the only one with elections this year or next. our neighbors to the north have turned out their conservative prime minister, stephen harper, after nearly ten years in office. in a surprisingly strong victory, liberal justin trudeau about be the new prime minister taking over as soon as ten days from now or the most, two weeks. trudeau represents a reversal of politics for canada and could have a big impact on our politics as well by changing candidates' supports for the keystone pipeline. if his name sounds familiar, that's because his father was the late prime minister, pierre trudeau who held office from 1968 until 1984. >>> coming up next, hack attack. the director of the cia's personal e-mail gets hacked. what happened, what was revealed, coming up next. owned years. you named it brad. y

made a difference... >> unclear. >> it's hard to say. >> officials say they are not going to blal the budget. >> thank you. always good to see you. thank you for joining us from washington. >> chrysler avoided a strike. the drama is not over. a look at the rise and fall of american auto workers when we come back. >> that's what i want to hear. >>> there is another drama playing out in the auto industry that has nothing to do with volkswagen cheating on emissions. i'm talking about the strike that fiat chrysler avoided before a deadline - for now at least. local leaders from the united auto workers will hear details on friday, and then, if they vote for it, 40,000 union workers have to approve it. 65 of them broke against the first version one thing is clear, life for today's auto workers is a far cry from the au autoworkers. david ari otto has the story. >> reporter: this was once the picture of the american auto workers, at a frenzied pace. in 1950, about 17% of workers produce autos, and auto parts. today that number is less than 1%, following years of factory automation and overseas manufacturers that hurt u.s. sales. >> and yet six years after an 80 billion layout and massive la

fiat chrysler reaching an agreement on a four-year labor contract. the union threatened a strike if the deal was not madey sales today, and costco the first out of the gate saying september comps were flat. we have breaking news right now. we'll get over to rick santelli. >> well, we have down 13,000 on initial claims, now, that's not from the 277,000 released last thursday, slightly revised to 276. the new read takes 13 away down to 263,000. cometing claims move from 2.19 to 2.10. not big moves on continuing claim, and a week in the rears versus initial. maybe the big ongoing news is the weakness in the data points whether you look at japan or europe on the export side, which is very important to pay attention to considering the whole issue of vw, and if there's any contagious there with the german engineering scenario. there's evidence by the future markets lower, and that might put pressure on interest rates which continue to be supple, but to the upside. nothing urgent, but we really can't put kind of the ten-year under 2% even equities weak. they have stabilized. we have the last of supply today wit

30-year fixed rate mortgage was at 3.95%, and european regulators say chrysler pays back millions of back taxes after companies madernments declared illegaling and starbucks says they are appealing the ruling, and toyota recalls 6 million vehicles to fix an issue with a power window switch, and 2.7 million is in north america. they are not aware of accidents caused by the problem. >> biogen out with earnings, and the cancer society issued new mammogram guidelines, and we have more on a reversal from the grouping right, meg? >> yeah, just more confusing on mammograms. earnings update quick on biogen this morning with the beaten raise. both on top and bottom line, and company announced restructuring to cut 11% of the work force. that driving shares up in the early hours, and despite all announcing a phase three trial of a drug that failed in a less common form for multiple sclerosis. over to abbot. both on top and bottom, far lowed in the full year, emerging markets, the company announcing more than 20% growth there, and so looking pretty good, although, overall, results impacted about 9.5%, and moving over to the am

recently made headlines with the overnight 55 .old-of verrilli's cancer drug now it is under investigation on concerns the move may violate antitrust laws. bloomberg news reporting fiat chryslerouble the use of lower paid temporary staffers under new labour agreements. savings will be used to help offset raises for half of the companies unionized employee. the contract is up for a vote by next week. ubs will play 19.5 billion dollars to settle sec claims it misled individual investors in structured note. the agency's first case against the sec. -- ubsosed trade by ubs led to losses. you can always get more business news at bloomberg.com. investors anxiously awaiting earnings from jp morgan after the bell. reaction,om the stock they are not optimistic. julie hyman with the details. morgan just the first report in seems like there is not a lot of optimism generally even though the decline in earnings estimated to be smaller overall. jp morgan very little changed ahead of the earnings. if you take a look at the , youcial select spider etf can see it is a little bit lower today as well. .4%.by about we have been looking at different measures to gain the sentiment. one of them is

chrysler, drove up route 115. came to the farm, the secret service agent honked the horn, made a u-turn, they pulled into the houseifferent from 1961 until today. >> and it was my father who did the driving because ike didn't have his driver's license yet. he was expected to go get his driver's license, which he did, since having a driver since the beginning of the war. ike was really a country boy and loved the outdoors, and my grandmother, our grandmother, came from denver, colorado and was a bit of a deb taunt, and she didn't like the outdoors vetch, although she thought there was some romance to this two up and two down farmhouse they bought. she used to say that she had one massage a week, and that's all the exercise she needed. but in any case, they had some great friends named george and mary allen on emmettsburg road. and this was a huge plus, because not only could ike come back to gettysburg, but mamie had her palmieri allen down the road. >> and i think the proximity to washington. they were in the country but still accessible to washington. if i may add one story, barbara walters interviewed my grandpa

made jack permanent ceo. he united auto workers union is turning to go on strike against fiat chrysler tonight.nd to the two-tier pay system. it represents about 40,000 fiat chrysler employees. shares of samsung on its biggest boosts and six years. stocks up nearly 9%. 7.5%.climbed you can always get more business news at bloomberg.com. let's head back to the markets desk where julie hyman has a check of the company movers. m! is seeing a plunge. 18.5% after they came out with results that missed estimates. china remains an issue. that is a big deal. it gets 50% or more of its revenue from the country. it had various issues there. sales were up 2%. analysts were looking at at a gain of 9.6%. you can see there was a bigger plunge, a huge plunge in sales of china. it tried to make a recovery here. represent a reversal of several quarters of negative sales on china but it is not enough and is surprising to investors. outanto is another company with earnings, also disappointing investors coming and far below what analysts had been anticipating. it has been coping with the decline in commodities pri

chrysler. they did very well, growth of 16%. they picked up market share. that was largely to do with the jeep brand which double sales thanks to the robust demand for the renegade madeanus: thank you very much. giving us the latest on the auto sales of europe. coming up next on "the pulse," it is 5:00 somewhere. yes, it is. and we talk big business of booze. are you a remi person? do you fancy beer? drinks anding chic global business on "the pulse." you can join me on twitter. francine we'll be back in the house and just under 30 minutes. we will come up with something witty before the end of the show. ♪ manus: welcome back to "the pulse" live from london. i manus cranny. me, that iscall what donald trump has said he'd let the fellow world leaders do if he was elected to the oval office. the controversial businessman is seeking the republican presidential nomination. has given his views on china and international diplomacy to bloomberg's stephanie ruhle. you are in the oval office, your first-day, first week. who are the first four global leaders you are calling on the phone? anytrump: i may not call global leaders. stephanie: stop. diplomacy. mr. trump: i have grea

chrysler. they reached a tentative deal covering 40,000 workers in no details have been released but the union says it madenificant gains. they rejected a deal that did not do enough to close the gap or lower paid employees. carolina,a, south flooding is threatening the water supplies and crews have given up the attempt to bypass a canal. the state warns the threat of flooding and coastal areas could last through the weekend. challenged onwere the south china seas. sail insideps will a 12 mile zone that china claims around artificial islands. the move is likely to increase tensions between the u.s. and china. dell is in talks to combine with all or part of a data storage company. it does may not result in a deal and emc has been looking at strategic options to boost its share price and dell faces a slumping market for personal computers. those are your first word headlines. now it's time for morning must read. we have former fed chair ben bernanke he and are joined by tom keene. please, leave the way. bring up the morning must read. the united states with is relatively flexible labor markets will prove mor

chrysler sales and italy are up more than 20%. fiat is clearly trying to profit off of the vw woes. guy: let's see who else can profit off of the vw woes, and german woes. madens this mean for germany. germany has prided itself on great engineering. where does this leave it? hans: if you look at the export side of things, 22% of germany's exports are auto sector related. campl has been trying to this down. clearly, germany is affected. when we saw pmi numbers come in yesterday and disappoint a bit.e today, in about 40 minutes time, we will get august factory orders. it will give us a sense if there is a slowdown in germany. anna: thank you very much. hans nichols joins us there with the latest on vw. ntdown."ing up on "cou one of bloomberg's most influential speaks to us. more from that interview when we come back after this break. co♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. ♪ it is 6:30 in london. here are the stories y