that industry has been marked by bad news from opal. prospect of the automaker changing into french hands it dominates the conversation. >> first the americans had control and took advantage of it and we had to do with they wanted and now the french are coming. we don't know if it will get better. the jobs are supposed to be secure, but you know hudgens, there's always a catch. >> eizenach itself could suffer as a result. on the outskirts of the city, we meet with a representative of a regional automotive association. he has high hopes of keeping the plant open, but he says opal's struggles have only increased. >> the markets have declined. i can understand if they want to minimize life -- losses. and if a buyer has been found, from this point of view, it is about adjusting their own production structures and integrating opal. if opal is sold to peugeat, what does it mean for the workers? >> we'll have to fight alongside the french for our jobs and that means fighting for compensation for shorter hours. the alternative would to the to s

the french firm wants to buy general motors european division opal. it employs 38,000 people half of the year. they say there will be no forced layoff until the end of 2018. opal has 10 factories in six countries though there is -- so there is widespread concern about the takeover. psa stands at 10 percent. together they have become the second-largest carmaker after volkswagen. gm is eager to unload opal. 14 million euros worth of losses since the year 2000. >> things are going well for psa group and its brands peaguet and other. s. presenting for your results, the chief executive was at pains to relay concerns the deal has stirred up. >> we want to keep this company german. we want to be competitive. in the business sense, we want to make sure we can get a wider customer base. but he added that any plan for restructuring would come from its own management and not psa. the german economy minister and her french counterpart were also optimistic about opal maintaining its independence. >> psa has agreed to a cold the existing works council and wage agre

eye hence the name opal eye. you some of the low tidal zones and play place like this we'll see sea stars, so you can see right here, this is a california sea star. this one is orange, this one is kind of a reddish brown, another orange one right here. >> this one is outside of the ter, can it survive out hear? >> you can see some are in, some are out. if it felt its skin it's like a sticky, moist skin it helps them stay wet during the day when they are exposed to the sun. >> so where are all the fish we only saw a few earlier? >> this kill the right here it's really a good place to hide. you might see them dash back and forth but they like to spends most of the day in this kelp, just because it's sort of a safe every place to live. i wanted to take you guys over here and show you a sea hair. it's this brown sort of slug looking thing. >> what kind of organism is this? >>think of it as like of a shellless snail. if you look down here you can see a bunch of different hermit crabs of different sizes and shapes. thi

willow, ruby, opal, and dottie.now until 8 am thursday morning on the maryland zoo's website. the winning name will be announced later this week. it may only be february but i's starting to look more like march or even april! that's because some spring flowers are already staring to bloom! we've seen cherry trees bloom in beltsville, blossoms popping in largo and that's just what our cameras spotted. and another sign of spring. next wednesday, the national park service is scheduled to announce the dates for this year's cherry blossom festival. that should include the first estimate for this year's peak bloom around the tidal basin. it's 5: and time for a check on weather. - cooler for back to work & school today - spring-like warmth returns wed. thru sat. - rain/storms saturday with cold front - cooler (seasonable) sunday today: partly sunny to mostly cloudy. cooler. highs: 56-61 winds: sse 5 mph tonight: mostly cloudy. cool, but mild for february. lows: 43-46 winds: s 5 mph wednesday: am clouds. pm sun. warmer. hig

gm and happening with opal? i can see why they want this deal. eugeot get out of this?k to the european market open. general motors is discussing the possible sale of opal to peugeot. ith us now is george galliers. why don't i start with guys question. in?does peugeot want werge: it is the question are asking as well. structurally, when we look at it, there are big questions. gm europe loses money, it burns exposure it has a big to germany, where 66% of its around 27% of its european production and as we know, germany is an expensive place to make cars, but it may see some near-term gains. firstly, opportunities for andrgies on capex white-collar jobs and in addition, as we look to the future and the investments required in electrification, autonomous driving, mobility, you may believe incremental scale is what psa needs at this point in time. matt: does he get access to technology, because general motors has done an amazing job with electric cars. the volt was a breakthrough when it first came out. it looks to be an affordable breakthrough right now as well. does it ge

no certaintyd those opal talks will conclude.t's what we've learned about this potential m&a so far. >> this is exactly what we heard from the cfo on the conference call earlier before the press conference. he said there is no certainty that the deal will be reached, even though a lot of analysts we have been talking to here at peugeot headquarters expect some kind of announcement over the next few days, probably by the middle of next week. obviously there will be a lot of questions about how they are planning to protect jobs in the u.k., germany, and the same for opal. this will actually increase the dependence of peugeot on europe. anna: thank you very much. at the peugeot headquarters in paris, all details on the m&a and earnings story. coming up, the european open, how shares in barclays and glencore perform. this is bloomberg. ♪ >> welcome back to the european open. european equity market about to get underway intimidates equity trading in around 50 seconds time. futures suggest we will be fairly flat at the start of the tra

the staff at the zoo's giraffe house are considering imara, safara, willow, rudy, opal, and [ cheersapplause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- first lady michelle obama, stevie wonder,

if gm did not have opal, it would have been.id, if amazon did not have amazon web services, you can't. it has it. >> yes, it does. and we have you. so just stand by for a few minutes. we'll get to the opening bell and we'll be right back with jim and carl and myself. mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell in 90 seconds. fed chair yellen, about a half hour from her semi-annual testimony in front of the senate finance. we'll take you there live when that happens. in the meantime, got some numbers out. guys, nfib, december, 105.9, where we were in december, about the same as january's number. ppi, 1.6 near on near. gasoline up almost 13% month on month. >> look, these things are -- what we've seen is when w

care about the legacy of whether our children and grandchildren are going to be radicalized by the opal jihadist and whether we want to leave behind a home with constitutionalism or freedom or a home with theocratic ideas. that's a battle that needs to be fought on the front lines on american media university platforms. [applause] >> i'm really glad you said that. the war of ideas applies to the concept of peace through strength just like military conduct and to hearken back when poked with benedict made his address he spoke out more clearly and aggressively against radicalized islamic terrorist than any elected official had. we saw this moderate muslim leaders business people and scholars come out all around the world to speak up and call for an interpretation of the koran which is consistent with 21st century values respect for life and the same old thing, appeasement -- weakness begets appeasement which begets more complex in strength begets opportunity for people to stand up and whether it's a jordan religious minister who said we have to fight the idea with diplomacy or some the pe

general motors is also up on the hopes that the auto giants european opal division is on the sellinglock. phil lebeau has more. >> i think there were some people who said really? gm's been in europe for 90 years. take a look at the numbers and you will see why they're looking at this option and engaged with talks with the psa group. essentially comes down to this, general motors 12% of its sales are in europe, but they've been losing money there for a long time. the company has lost $15 billion since the year 2000 in europe. last year the company lost more than 2$257 million. in a statement today, general motors confirmed it is in discussions with the psa group, saying, they confirmed they are exploring numerous strategic initiatives. including a potential acquisition of opel by psa. these are the folks who make peugot. if you take a look at gm, they have lost money every single year going back to the year 2000 in europe, not just a little bit of money, a lot of money, what they're thinking about doing is saying, look, why do we keep throwing good money after bad money? lop it off. i

broke earlier this hour, gm and peugeot are said to be discussing a $2 billion vibration for gm's opal. this is fascinating, the division and an associated division of gm, they do not make money, why would peugeot what these divisions that want these divisions? >> they want the size and scale from these businesses, peugeot is a regional car company, they have good growth in china but largely a european carmaker and they need greater scale in order to generate more cash and pay for new technologies car companies will need in the next decade. they are too small to be a big player now. they see acquiring opel as a sees aget that and gm way to get out of the unit that has lost billions of dollars for them for 20 years. it change thees automaker landscape in europe and if it does happen in the u.s. with a leaner and meaner general motors, particularly someone dying for more consolidation in the industry. >> this would be good consolidation in the industry because you are probably see some factories closing or reducing capacity in europe. the biggest problem with european business, particula

proper, but nonetheless, a rain drop or two down through opal, virginia this morning and our future weather forecast carries the tiniest weather forecast between now and about 7:00 or 8:00 this morning. with time that will be a drying trend and a warming trend big time. here's your five-day forecast. 65 today. 74 for both thursday and friday. near 70 saturday too but we have outdoor plans on saturday. may want to have a backup plan ready to go. your rain chance on saturday stands at 70%. a little bit more february like for sunday. let's go over to traffic with melissa. >> i like that thursday and friday. taking a look here northbound and southbound on 270 you can see everything looking quite good there through montgomery and out of frederick. no problems on the beltway right now. live look inner and outer loop and you can worries. 66 and 95 also rolling along just fine here this morning and take a look here at 95 there in maryland. from 32 down to the beltway, no big worries this morning. in november, i told you all about the adoption of our daughter. here i go again. i thought i could get

carmaker looking to sell the opal business to french automaker peugeot.no word on pricing yet but gm reportedly looking for a multibillion-dollar price for the brand that has been with the carmaker before world war ii. gm is trading up nearly 5%. peugeot was one of my very first cars. i had a diesel that chugged out black smoke. >>> self-driving cars the attention of capitol hill today. two senators, republican chairman of the senate commerce committee, john thune, and gary peters said they plan to work together to lower the hurdles for the entire auto industry as we create autonomous vehicles, hoping to put forth legislation this year. as experts advised a house subcommittee, how soon cars without drivers could really hit the road. jeff flock has been watching all the developments. i would rather leave it to the car guys versus congress. they don't have to be involved. reporter: could this be the thing that unites republicans and democrats, the one thing that could, self-driving cars? as you point out, liz, republican senator and a democratic senator, on

fans got to choose between willow, dottie, imara, ruby, safara and opal. reason willows and thin like the beautiful giraffes. jonathan: she is so cute. look at her. alison: beautiful. jonathan: she's like 6'6" when she is born. michelle: standing in 15 minutes. jonathan: get up there for mom. alison: i love the name willow. jonathan: she is cute. look at her eyes. gorgeous eyes. all right. a shopping spree by the vet can. pope -- by the vatican. they are giving food for those impacted by the earthquake in italy. he brought up cheese and local produce from the struggling businesses and hi gave them to soup kitchens. michelle: general motors is trying to keep the competitors off the road. the company is lobbying state lawmakers to pass self-driving car rules that directly benefit them. they want the company -- state to pass jonathan: coming up next at 4:00 for us, fired up in california. the reason an off-duty officer fired a gun in the air to get a group of teens off of him. michelle: next, he is the d.c. newton -- the new to cop. we talk to him. alison: da

opal. >> because opal shaped jewel. >> ruby. >> to symbolize rare and precious gem. >> willow because willow trees are slender. >> i like willow. >> that's a cool name. >> and safara african name that means fire or imar kiswahili name. >> amari. >> and i like raffi. >> i think raffi was a monkey in a movie. >> this is a giraffe in baltimore. >> i don't like to disagree with you but i don't lining that. >> allison hobb crabby after the maryland crab. >> no doesn't sound positive. >> raffi sounds good now doesn't it. >> thanks, tuck. >> i like amani strong and. >> don't you like the marketing campaign. >> your weather is p.s. >> thank you so much. >> and we have a couple of springls and showers not amounting to a lot we'll keep clouds around today and along with milder temperatures moving back in there's light rain shower activity fading off quickly to the south and again we'll be left with cloud cover for a good part of the day but temperatures is what we're really going to focus ob. 65 today. friday looks absolutely unbelievable for end of february. and maybe thunderstorm by saturday.

it's opal to business owners who say they've been living the american dream.fter donald trump's travel ban, some of them say they don't feel so welcome anymore. here's their message to the president. >> i'm part of a family that owns authentic yemeni restaurants. >> we own a bakery, middle eastern. it's been open for 30 years. >> we began in 1979. the founder was my father. he emigrated here from lebanon, due to the war, in 1976. and he came and began his own american dream. >> my family is from yemen. my father emigrated to the u.s. in 1973, i believe. my father moved here in 1995. >> we have about 200 employees, total. >> we have 10 to 15 employees. >> total of probably 20 to 25 in this location. >> many of our employees, what they do have in common, is that they're fleeing a difficult situation, whether it be lebanon, will it be iraq or syria. almost everyone here has found the american dream in dearborn and they've grown from that. >> we have a big community in dearborn. >> we're here to support our family, to make a better leaving. we're here to have our

these are the names now dottiete opal ruby, willow, our favorite, sephora and amar aam the official announcementappe the giraffe.g write it in. >> that is not on the list.t is >> no.th we like we illow.li time for the morning line.. >> caps ended a two gameo a losing streak beating thebeatinh flyers last night 40th victoryi of the season so far in phillyn on the ice that's alex ovechkin. let's talk about backstrom t.j. oshie withith goals.goals. that helps washington with a four-one win. win. there's his second of he th night. night. up for the caps their firsttheit home game in nearly two weekswes tomorrow night at the verizone center against edmonton.. >>> nba trade deadline. they picked up this guyhis guy yesterday. they agreed to trade 2017's first round pick and andrew nicholson to the brooklyn netsln for bog done very much.ne very u 27 years old a six-eight forward averaged 14 points per game for the last place nets.a he and otto shooting 3'sing should be good. o >>> another tough loss for the terps. lost to minnesota last nightastt at college park. maryland up by one at the half but then

well, guy, this news that bloomberg broke that opal may be sold to peugeot causing shockwaves in berlingh the merkel government has not figured out how it wants to decide on it, but we have other german ministers that want to fly to paris to talk to peugeot's owners. we have a wait and see. guy: wait and see to see how these markets open as well. ftse 100 down at the 7300 level. shell, bp in the market this morning. that is something to pay attention to. opening negative. very negative session yesterday for the italian market at the back end of the day. let us see how it comes through and delivers this morning. it is excited to be negative. down by .2%. the mildly negative start that we expected. manus cranny, over to you. manus: you're right. softer opening. those dividends are weighing on the market. french unemployment at a four-year low. did not come exactly as the market had anticipated, but it is a four-year low. is this rally a rally of breath? one of the stock stores this morning says it has potential. defenses are rising as well as cyclicals. health stocks rise by nearly 5% in

they're called opals.otors has been in germany since 1910. >> i had an opal in russia that was exported from germany. >> mike, i was kidding some of our european viewers about those little cars that you see over there. with what's happening with oil prices in the long-term outlook, let's say we get even more aggressive here in developing our own resources and maybe we're not the only country that has some of these bigger cars, could you ever see us exporting cars over there that aren't those little -- >> no. >> that'll never happen? >> that's not going to happen. >> they're stuck with those things, squeezing in? >> because they tax gasoline in europe dramatically. >> so it's not going to help. >> you're talking $2, $3, $4 a gallon -- >> a liter. >> whatever. the federal tax in the u.s. is 18 cents a gallon. it's been there for 20 years. >> okay. >> i wish we could sell -- it would be nice to sell into the rest of the world. some of our stuff. they like buicks in china. >> the mood in the industry is 17 mil

gm is selling its european operations including the opal brand.s down 6% on the news that restaurant brands may not buy the company after all according to a new york post article. popeyes spiked yesterday on initial reports of a possible takeover and it is an ugly day for flowers foods down almost 9%, plummeting after the producer of baked goods missed fourth quarter revenue expectations. tyler? >> thank you very much, melissa. >>> the fight over drug prices have caused a rift in the industry. pharmaceutical civil war, next on "power lunch." ♪ heigh ho heigh ho ♪ ♪ heigh ho heigh ho it's off to work we go here's to all of you early risers, what's up man? go-getters, and should-be sleepers. from all of us at delta, because the ones who truly change the world, are the ones who can't wait to get out in it. because the ones who truly change the world, i love to see businesses that just started from ground up grow into further success. it just feels good to know that i'm helping someone else. my first goal is to learn about their business, what they're

so we're giving them a year supply of opal apples these aree the only all natural non browning non gmose, you y know h you're meryl streep yourl cannot be baking with brownro apple. >> we're excited to share thosee >> i have question.io i read so many articles about these gift bags. if this gift is not in therethie please forgive meme i readi read there's going to be sell lou l unite massage correct. >> you're concerned about your cellulite.ite. >> you've done your research. you're 100% correct.orrect. >> what is that.>>t is >> it's called sweet cheeks.he cellulite massage masks -- -- >> i need to find there. >> they have grooves on them. you simply sit on them thisve ii only for women obviously men don't get cellulite typically. l >> i know. >> you sit them 30 minutes a dad it increases the circulation ana flow in your upper legs andegs a helps reduce the appearance ofef cellulite.llul >> that is amazing.hat ama i'll take five if i can purchase th myself.f. but listen, lash -- lash -- >> just because you're oscarcae nominee don't mean you don't got cellulite.llul. >> sing it. here's m

german officials are vowing to protect opals workforce in the event of a sale. european union has approved a landmark free trade agreement with canada. and 99% ofntually the tariffs on imported goods. canada senate still has to ratify the deal. that is your bloomberg business flash. david: fed chair's congressional testimony reinforced that the fed is pretty much satisfied with their current interest rates and she warned about the risks of waiting to hike. >> as i noted on previous occasions, waiting too long to remove accommodation would be , potentially requiring the fomc to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession. and pushing the economy into recession. david: still with us is torsten slok and george goncalves. this picks up on our conversation we just had. janet yellen went out of the way to say the rate hikes are based on the economy, not on the trump administration. we are headed in this direction regardless. does that strike you as remarkable? torsten: she managed to keep the dis