>> retraction of the fiat brand as well as overseas. who knows, maybe fiat or markioni brand.coming in, appreciate it. gerri: gary, great reporting, did this mistake cost lebron and the calves game 1. jared max with highlights and which word crowned this young man's as spelling bee champion. can you spell it. we will tell you, u.s. stock, dow up 121, the s&p poised to open 12 and a half and the nasdaq up only 25. you're watching fbn:am. brighthouse financial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com gerri: welcome back to fbn:am, well, game 1 of nba finals is indication, we are in for a treat in this series. cheryl: jared max, had a little bit of everything. jared: incl

we have chosen fiat-chrysler.uite well in today's session. , and i will report say those reports are not from , the "asia-times" is reporting hyundai interest in fiat chrysler. and -- theyto try are going to try and deal with this carmaker after making it much bigger. there was an expected decline in fiat shares before an expected takeover was launched. 5.5%e chrysler shares up in today's trading. the third biggest gainer on the stoxx 600. up next, the battle of the charts. this is bloomberg. ♪ matt: welcome back to "bloomberg markets. y can see the start that we use on the bloomberg. gtb go.pe this is the battle of the charts. you got? there are great stories all of the -- although for the bloomberg. when you is not so bad look over the past 15 years. i want to focus on you taking out of china -- if you takeout onna, should you blame this the trade that has been going on in the chinese stocks? the chinese stocks in particular, you can see what has been underperforming in the emerging market space. line has outper

julia: jennifer lopez in a fiat? i'm not buying it. joe: u.s.ates up across the board in the wake of that solid jobs report, which puts the fed path on a clear path. when the italy stuff was at its peak, they dropped to 2.76, now the 10 year up 2.9%. italy quieting down a little. some wild swings this week. they are forming the government. the panic has eased. a new prime has minister, it has a new centerleft, pro-europe government, and its two-year yield back in the negative territory. the two-year yield. it was in negative territory two weeks ago, then went as high as 2.8%. government,ly got a so what does that bring? have an appetite for riskier assets and safe havens under pressure. .6%,r-yen higher relatively unchanged towards the back end of the session. , the highest for one week. we spoke to philip hammond. he said there is scope for the boe to normalize rates over time. i'm not sure he knows better than mark carney, but sterling higher in the session. sense ofto give you a what we saw in the one-they move. the turkish lira developments

all of that would benefit if you sold some calls for fiat.ie: interesting, especially because the company said it is pulling the actual fiat cars out of the u.s. and is doubling down on jeep production. that goes to the suv thesis you're talking about. or at least protection. so -- comes and you want to sell premium, in general, the fix is low. brought hedges, it is cheaper to buy then to sell. -- called alling hedge. we would be reaping $.85. uptick in either an the doctor versus -- in the dollar versus the euro, or if the stock meanders, you get paid, or else your risk is cap. have another 30 seconds. i want to ask you about the broad market. this is a point when we talked to srikumar earlier. we have seen volatility go up even as the vix goes nowhere. thesis is thatrm as monetary tide goes out, you are going to start to see accidents here there. you saw it in volatility and into emerging markets. bonds are probably the next shoe to drop. the reason they are probably more nervous than equities is that equities still have buybacks going thro

white house move to slap steel and aluminium tariffs on canada, mexico, and the european union >>> fiathrysler set to add more than 60,000 drives to waymo. >>> not only did the may jobs number beat forecast, april revised higher unemployment rates dipped to 3.8. the lowest since 2000. wages up 2.7 from a year ago the lowest unemployment going back to data collection in '72 very little wrong with this. >> yeah. we have an amazing economy now we have an amazing job-created economy. and, by the way, the growth is happening, if you're a worker, with not that much wage growth but the fact is that jobs are plentiful. we do not have enough people in this country that's what this number is about, to me, david. >> three-month average 172,000 2017 average 182,000 2016 average 195,000. >> where are we going to find the workers? >> i know. by the way, what is weird another record high and a number of those in the labor force. how do you -- what how does that work >> yeah. disability you talk about disability >> yeah. >> i have a friend who has a business in wisconsin. 500 people he said we have to

. >>> fiat chrysler is also pushing further into the self-driving car business. that automaker is expanding its partnership with alphabet's a autonomous driving unit waymo. fiat chrysler is adding tens of thousands of mini vans to its autonomous fleet of self driving cars and that sent the stock up. >>> and from cars to planes, there's a big battle brewing at los angeles international airport. airlines are pouring billions into that airport into a costly but critical fight to win other those traveling through the country's second biggest airport. phil lebeau is at lax for us tonight. >> reporter: this is ground zero in the airline war to win over customers. l.a.x., considered a hub by three major airlines, is being remade by those carriers. the latest investment, $1.9 billion by delta to renovate two terminals. >> we're the fastest growing airline here in l.a. over the last ten years, over the last 5 years we've grown 60%. we're out of capacity. we can't bring anymore customers in and through until we redesign the terminals. >> reporter: delta is in a dog fight w

the president was told by lawyers that he could not change immigration law by fiat." for all the president's talk about his predecessor and his executive orders, this really exposes a full-scale ignorance of the process or just separation of powers? on just a basic level? >> look, it is true of every president, the modern presidenty -- go back to, say, john f. kennedy. they end up spending at least their first term if they're lucky enough to have two, learning about the limits of what they can do. they are the most powerful person in the country and the world. there are checks and balances. the framers of the constitution put all kind of things in place. no, the president of the united states, not this one nor any other president, can make the law just by signing an executive order. his whim in the morning does not become federal law in the afternoon. it just doesn't work that way. >> let me ask you about congressional republicans, we've heard a lot or did before the executive order was signed about getting families back together, that that is not america. we've not h

and fiat chrysler adding its vehicles are engineered to address realvi world d situations. no singl test measured overall vehicle safety. ford said we continue to makeo improvementsur vehicles to help customers stay safe on the road.ar 4,000 front seat passengers were killed in auto accidents in 2016. the most recent data available. these tests measure how well mid size suvs protect people in thea front during certain collisions. with the kia sorentoag and volk atlas and gmc acadia gets top marks. >> one of the things we observed is that the three -- the good rated vehicles are newer designs than the poor rated grand cherokee and ford explorer. >> the jeep and ford suve h been popular for years. and that is unlikely to change. even though these crash tests could give buyers something to think about the next time they go in theoo sho phil be low, "nightly business report," chicago. >> h&r block hikes the dividend and thais where we begin tonight's market focus. the tax company raised the quarterly dividend to a dollar a share after the bell and came an h&r block announced th

inact, jeep sales surged 29% pushingth, fiat/chrysler's may sales up 11%, better than expected, which was also the caseor ford, while toyota posted a slight decline last mont t as for best-selling vehicle in the country, theck f-series , ford had plenty in stock to grow sales in may, despite a fire at the plant, knockingut f-series predictioduction for ae of weeks last month. overall, 2018 is still on pe to be the fourth straight year with auto sas topping7 million vehicles. fiat/chryslerec exp auto sales to remain strong or the next five years, during which the company plans to double global sales for jeep and expand ram's business in north america. the strong economy is what's driving auto sales right w. it is also convincing consumers they can afford to buy the newm l that they're looking at. in fact, the average auto loan yment for a new vehicle is now at a record high, $523 a month. phil lebeau, "nightly business report," chicago. >>> walmart is embracing change. at the company's shagholder meettoday, the ceo said, change is a key part of his company'strategy. and that transforma

fiat chrysler is up 1.5%. saying it may bundle its tv, music and news offerings into one single subscription. it would work very similar to that of amazon prime as one-stop shopping for all apple media. no word yet of when the subscription would launch. still under development. take a look at apple right now, $186.20. up next, breaking detailsen on the deadly shooting in annapolis that broke during the claman countdown 24 hours ago. liz will be right back. ♪ ♪ running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today. my secret visitors. appearing n

fiat chrysler, they want to go back into that business.ss before, as chrysler was, and they had to get rid of it when it went bankrupt. >> this is a startling story to me. you're a car guy, at the end of the day, and all of us really remember very sharply those years ago, the financial crisis, the bailout, and chrysler specifically really being at the center of all that. >> part of what he came here to do was get rid of that financing. not too surprisingly, fiat chrysler went down. santander had a joint venture, and went up. if they have to buy it santander, they will have to overpay. >> right. the reporting that we have this morning -- or yesterday -- show santander is very excited. the new ceo last year, first day, one of the first things he did on the job was figure out how do we get more business. when rates are going up in the u.s., and you have auto demand moving sideways, that is where a lot of people are concerned, particularly from the fed. -- and gm, they are making money now. >> let's turn to the carlyle co-ceo. we did a whole p

fiat down 2%. saying, 20% tariffs aimed at the european car market. , you automobile's coming into the u.s. could be exposed to a tariff of 20%. watch out for autos. let's have a look at what is happening in turkey. elections coming as soon as sunday. you will have to be paying a hedge that volatility risk. expecting the market, we could see swings in the lira a 3% up or down because it is not clear who could win the election on sunday. the options market is pricing in the highest cost of hedging for the lira, all the way back -- since the financial crisis, 2008 . significant volatility priced into the turkish lira. >> we look at the three major averages. continuing the next trajectory. -- mixed trajectory. the nasdaq is declining, a reversal of recent trends. the u.s. reaction to the tariff headlines. she talked about the european autos. both the s&p 500 in blue and the s&p autos and auto components index also falling. both recovering and not much change. ford both slightly higher after dropping.

that is exactly why they brought fiat here in the first place in 2011.ford, you have an interesting statistic on very biggest ford, very expensive, outselling theery smallest, cheapest ford. tell me. >> this draws the picture. ford expedition suv starts at $52,000, outsoldhe ford fiesta subcompact sold at $15,000. lincoln 1/2 straight gore, $80,000, outselling mk-z sedan, 35,000. you can pick up less than that once the money is on the hood. ford transit van almost cracked top 20 in sales this is commercial vehicle, outsold the ford fusion sedan, one ford will hang around. stuart: they don't make much money. more "varney" after this. : . : : i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medic

and i think he loves that, that fiat. i will say, brian, i've been skeptical about this theory that some of these pardons are meant to send signals to potential russia investigation witnesses. and then i read this "washington post" story tonight with this remarkable quote from newt gingrich essentially saying just that, saying that these pardons should be seen as a message to potential mueller witnesses, saying that help is on the way and trump is willing to wave the magic pardon wand. i was kind of gob smacked that newt gingrich would say that. newt gingrich talks to the president. i don't know if that is what the president thinks, but i recommend people look hat story because did change the way i thought about this initially i thought trump just liked the power for what it was. i do think that's true, but it makes me wonder what else is going on here. >> sometimes refreshing to see people getting more direct these days. so, joyce, the power to pard indeed goes back to the king's england. as you and i have discussed on t

fiat-chrysler. 80% of their operating profits from jeep and the ram truck.: ford getting out of the car business. they only are going to be producing trucks. that's so amazing to me. >> i hope they are not out of cycle. if we see gas prices, we'll be out of sync again with what the consumer wants versus what the auto industry wants to provide. ed the auto industry made tremendous progress in safety in the automobiles. mary power raised the bar for vicinity at gm. i think we are seeing more technology migrate into the car. lane control with safety devices for if you look at collisions, close collisions. so i'm pleads with what they are doing there. fuel efficiencies, whether the cafe standards gets rolled back. a lot of hybrid cashe -- cars we you have a combination of gas and electric. i think it industry has a bright future. leaders of those counsel come police focused on markets and consumers right now. maria: will the leaders of tomorrow be the same leaders of today in terms of the auto business or will we see these, apple, google become car companies? >>

, a white fiat being towed, and a guy came angry saying why his car getting towed, he's been living there for 33 years. it's crazy. >> and also, i have different cars, and i have towing by the city, and i was one time at the place, and they release my car. they give me a ticket. i'm okay with that, but they released my car because i was present. that's what i was telling them. we are over here. you can put it down, and please, we want to pay the $125 you wanted, but they don't want it. so -- they want more money, so -- >> thank you. >> next speaker, please. >> i think you already spoke, sir. >> yeah, i just -- well, i wanted to comment on -- >> no, you've already spoken. >> okay. >> thank you. >> okay. we will now -- we have another public speaker, my apologies. >> good evening, ladies and gentlemen. i'm officer thomas with the san francisco police department, and my main function is i'm in the commercial vehicle unit, and officer fornaris, he handles the permitting. >> i think this is the time for public comment. are you starting the rebuttal? >> okay. their time is up. >> my apologies.

this is an ultimate fiat power has. he basically wavesagic wand and absolves people, sort of like the inversion of condemning people to death, which i suppose fortunately he's not able to do. i don't want to imagine what he might do with that power. but no one can challenge him. his staff can complain, but congress can't tell him he can't do it. the deep state can't stop him from doing it. it's almost a regal power. and i think he loves that, that fiat. i will say, brian, i've been skeptical about this theory that some of these pardons are meant to send signals to potential russia investigation witnesses. and then i read this "washington post" story tonight with this remarkable quote from newt gingrich essentially saying just that, saying that these pardons should be seen as a message to potential mueller witnesses, saying that help is on the way and trump is willing to wave the magic pardon wand. i was kind of gob smacked that newt gingrich would say that. newt gingrich talks to the president. i don't know if that is w

are stress testing our system and working with the banks closely to ensure that they can process the fiatrocess and withdrawals and the engeneral we use to trade is going to properly handle the load the idea is to expand out as many market as possible on bittrex and every customer on bittrex will be able to have access to u.s. dollars >> you have global competitors that don't have the same rules and regulations that you have to comply to. how do you at bittrex compete against other asian exchanges? >> for us, we have this commitment to compliance we think that solving the regulatory puzzle in the united states really unlocks a lot of capital that really can't trade on a foreign exchange that does not have proper compliance so we think that we can add tremendous amount of values as we are working in the united states >> do you have to conform to the rules of security of exchange? i know it is a lot more paper work >> well, right today we trade things that are definitely not securities. that's one of the things that we screen for we want to ensure these are utility to utility tokens that we

the president was told by government lawyers that he could not change immigration law by fiat, said a person familiar with the discussions. he talked an awful lot about immigration since before he was president. the engagement of policy hasn't quite been there. >> not even remotely close. this is what happens when you have a president with strong opinions and weak grasp of the facts and his responsibilities. he's the president, not the god emperor of the united states. this is a situation where the only real solution is to work with congress on more comprehensive immigration reform that addresses the dreamers, that improves security at the border, that could involve is building a physical barrier like the wall when it's appropriate. the only way the president makes progress on his priorities is to engage with congress in a constructive way. the executive branch of the federal government cannot make the law. the executive branch, right now their response has been marked by cruelty and incompetence. the only way to get that better, the only way to improve the situation for these people

frankfurt finish the season on a high taking home the german company an astonishing upset against fiat what better way to lead up to the world cup with mexico's national team outreach. to fit a goal and the knocker will be in great shape for russia after all he's been through over the past year is likely just wants to make best use of his talent now that it's a talent the. makeover of young is back on top. doing what he was evidently ordained to do as his mother can perhaps ruefully confirm. his racing friend to say mummy when i said gold. it's. the. pyramid coupled with my life revolves around football even as a little boy i was always out playing on the street with two buckets for goalposts seem to last when i got up out but i was never without a boy around the one up at a time i kicked against the wall male adjust our low but i used to play my own joints imagining i was a professional model star as i watched on t.v. it was almost all prophecy and i will carry a lot they are flying high with front fighters. battle far beyond passion fueled football looks set to bring him and his club

frankfurt finish the season on a high taking home the german company an astonishing upset against fiat what better way to lead up to the world cup with mexico's national team outreach. to put out a goal and the nod to well being great shakes for russia after all he's been through over the past year is likely just wants to make best use of his talent none of the battle is without lendl. is back on top. doing what he was evidently ordained to do as his mother can perhaps ruefully confirm. it's raising his rent to say mummy and i but he said goals. it's. but. here in america for my life revolves around football even as a little boy i was always out playing on the street with two buckets for goalposts to improve that's when i got up i was never without a boy i looked up at home i kicked against the wall of knowledge of what i used to play my own children's imagining i was a professional one of the stars i watched on t.v. it was almost all prophecy and i love. flying high with frank fact. battle far beyond passion fueled football looks set to bring him up his club many more happy moments. i

gm and fiat chrysler have gone from bankruptcy to record ofits and auto manufacturing jobs in the u.s. have rebounded to precession prices. president trump wants europe and china to lower tariffs on the models being shipped overseas for the 7 million cars and trucks being imported to the u.s. could be slapped with hefty tariffs. >> it'll raise price dramatically for consumers in the united states. it will be uninflationary. ultimately it will slow down sales. >> reporter: right now, those buying a new car or truck areyi on average just over $32,000,hich brings up the question, how much more would americans be willing to pay for a particular model if the price suddenly spiked due to a border tax? a couple thousand dollars, $5,000? it's a guessing game the auto industry is hoping it won't have to play. phil lebeau, "nightly business report," chicago. >>> general mills is cutting obs and that's where we begin tonight's markefocus. the maker of cheerios cereal said its going te eliminate m than 600 jobs by next spring as it looks to cut costs while sales of his yurt continue to struggle.

fiat chrysler makes the jeep and says all vehicles exceed safety standards engineers to address realorld driving situations. no single test measures overall safety. >> my advice to people who are shopping for a new vehicle, is that they have got better choic choices. it its the only suv of the eight tested to earn highest overall rating, top safety pick plus. >> both the ford explorer and jeep grand cherokee are older designs. ford tells us it expects its all new 2020 ford explorer to do better in the test when launched next year. iihs expects the redesign jeep grand cherokee will do better grand cherokee will do better when the vehicle make the most of a few minutes with ky natural feeling with aloe vera about the colonial penn program. here to tell you if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54. alex, what's my price? you can get

you have fiat chrysler which employs a ton of people.ou have a situation where i don't know of the administration has addressed the fact that there would be significant punishment handed down to some u.s. companies in addition to germans that he has taken to task. vonnie: we have had the u.s. late tariffs, the eu has responded on bourbon and motorbikes. what response could we see from the eu in response? as you were mentioning not quite so much demand for u.s. cars coming from europe. >> interestingly there was reporting this week about the german u.s. ambassador talking with the industry. both sides of -- both sides agree to take their tariffs. the term administration would be in favor. it is one that would allow germany to engineer. we would have to bring around the rest of the eu and french automakers are going to necessarily be into that. it would be tough to execute. we will be speaking about this throughout the day from new york. this is bloomberg. vonnie: an exciting segment for you now. cio founder, we will talk opportunities. st

let's talk about sacking fiat's in goal for russia today over one hundred caps he's played so many games i think he first started playing for us he was saying when he was eighteen i don't know how many minutes of football how many russian president so i think he's just processing fifty thousand minutes of football for russian and you know he was one of those young goalkeepers that that when i left i left my position on one thousand nine hundred ninety was on that short list of potential replacements we will actually meet the guy that replaced me he's going to come on this program and. i'm not going to say who it is but you will find out if you just say it i just said it. ok never mind on television obviously there you go but the thing is and i find this a little bit unfair and sometimes i protect the gokey was a little bit too much people criticize me for doing that but the thing is you cannot even know you're the best goalkeeper in the world you cannot keep clean sheets if you're not protected by a defense and the obvious problem that russia has had in the last six seven eight months is

backed away from that and you heard donald trump talking about how fiat chrysler will move truck production from mexico to michigan but on until 2020. meantime, a lot of automakers are expanding in mexico because it is a low-cost market for them to build. until nafta is torn up, it makes economic sense to build their instead of the u.s. david: thank you. for more on trade and immigration, let's bring in our opinion columnist ramesh ponnuru from washington. let's start with trade and then go to immigration. on trade, the president said, if they do not drop the tariffs, we will impose these, on what authority, national security? the investigation in the department of commerce? >> president trump has been fuzzy on the rationale for his trade moves. out, he isted talking about this as a negotiation. if they move on tariffs, we will not impose them. part of the law his administration has been using, section 232, is a national security-based part of the law and not about what the other countries tariffs are. what our security needs are. that is regarded by most experts as a rationalization. the i

if you look at other automakers like fiat chrysler, gm, these which tesl not.a lot of how concernings that? >> we think of tesla as a technology company. it is built from the ground up as a software company. that's where their competitive advantage lies, and other automakers are still catchin up to get there. are looking for the future. once elon musk is able to turn these vehicles autonomous, the business model changes. it's no longer a one-off sale of a vehicle, it's a recurring revenue model, because they will get revenues from the per mile rates of an uber-like service. those will have really good margins, better margins than the car business. we think that opportunity should be valued at trillions of dollars in the equity mar it is basically not accounted for at all. cash burn will not be a questio. we are really looking ahead to the long-term there. emily: but other tech companies like alphabet have giant piles of cash, and they are also working on cars. tasha:hat'true. on the cal their competitive advantage will really lie in the expertise. we think of tesla as a start up. com

today, we are ruled more and regulation andve executive fiat. worse, we have done little to prevent our system of separated powers from yielding itself to the sweeping authority of federal agencies and what many call, and rightfully so, the administrative state. we cannot blame political ideology. republicans,ts or the administrative state has only expanded and is growing at the expense of congressional board -- authority and prestige. we have sacrificed our constitutional mandate on the twin altars of efficiency and expertise. we moved from a government by and for the people to government by the bureaucrats and the connected insiders. we areaid that experiencing what james madison warned about in federalist 62, when he wrote about the dangers murky,ing out so many burdensome rules. he warned about "the unreasonable advantage it gives to the sagacious, the enterprising, and the money few or the industrialists and uniform mass of the people." the modern administrative state is a good deal for congress, which can pass deals with lofty goals and ta

so if we think about all of the countries around the world, almost every major country has a fiat onramp people can use their u.s. dollars, their british pounds to go ahead and buy bitcoin. and no other coin has that kind of distribution. in addition bitcoin is the safest from a regulatory perspective. so while we're not sure which will be declared securities by the s.e.c., bitcoin and near i don't know -- is one of the only ones it's not like people are hearing about how uber will change transportation no people are riding in the cars today with boyne. >> here's what i think people are having trouble with in terms of the bitcoin bulls saying long term it's a have is that you cited examples as to how bitcoin is proving its use case. we're seeing the number of transactions increase so people are using cryptocurrencies many established companies are using the blockchain but while this adoption is taking place using blockchain technology we're seeing cryptocurrencies as a whole in this prolonged correction what point can we say that blockchain and crypto are two separate entities and maybe

implications for european automakers jpmorgan expects the tariffs to have a moderate negative hit for fiatler, but less relevant for volkswagen, bmw and daimler. so a bit of an impact there for the auto sector. all of those major european automakers now in positive territory. nbc news' kristen welker has more on this >> reporter: tonight, triggering a trade war. the u.s. announcing harsh taxes on steel and aluminum imports, now the retaliation from some of america's closest allies already under way. mexico vowing to slap fees on american pork, fruit and steel europe threatening tariffs on everything from whisky and motorcycles to denim and cigarettes canada's prime minister promising a dollar-for-dollar response and calling the u.s. move an affront. >> in particular an affront to the thousands of canadians who have fought and died alongside their american brothers in arms. >> reporter: and now, u.s. consumers and businesses bracing for impact. >> it could lead to higher prices on everything from beer to automobiles and that could mean job cuts at some companies. >> reporter: brent bible is

the president seems frustrated that he can't snap his fingers and by executive fiat get what he wants. >> this is a pattern we have seen with this president which is he gets pushed into doing something that he doesn't necessarily want to do. he wanted to make the tv images go away. he wanted this issue to disappear magically and quickly last week. initially he asked advisers, why can't i just do one giant immigration reform executive order. they said you can't do that. they settled for the lesser version, which as i understand it, they worked with on the department of justice. but there were concerns how it would be implemented. then the president watched the next three days the president still getting criticized because 2,000 children weren't reuniting with their parents. and he is wondering why did i do this in the first place. he said my people love this. he thought it was all playing really well. playing with -- we are talking about the act of separating children from their parents. that's what he is describing in very stark political terms. yes, he tweeted about wanting more powe

i think that sounds like something fiat chrysler wanted to rancher its investors that they are in then driverless takes over. caroline: mark, you are mentioning phoenix. talk to us about how the regulatory landscape fits into this? we haven't got a date of when waymo will be making this investment and getting the cars on the road. where do we stand in terms of this becoming a reality? and crews are going back and forth in their announcements. waymo said they are planning to launch their first commercial service in arizona outside of phoenix. they haven't given a date. i imagine the summer is so hot there, they have talked about testing without a driver in the front seat in the second city later this year. most likely to be either in california, texas, or washington, based on where they have the most robust tests right now. david, give us a sense of what detroit is talking about, particularly the car owners. i remember speaking to ford, and he said the fight is on for whoever joins the data -- owns the data. they don't want to see it lost to the tech companies. do they feel they have a

that reason, it is important, and even if someone does not buy into whether bitcoin will take over fiatlike dollars, most people should at least be interested in the fact that competition is now happening. that is generally seen as a good thing. caroline: will bitcoin remain the dominant layer within this asset, cryptocurrency space, or will we have room for many? erik: it has become an asset class. etheriums the biggest, is the second-biggest. i don't know which one we will be talking about five or 10 years now, the big thing is they can compete now. it has been exciting to see the innovation happening. there are a lot of projects. a lot of them are garbage, a lot of them are well-intentioned but will feel, and some of them will end up changing the world. caroline: this is perhaps related to a certain extent, people are losing their money, they are falling for scams and cheats in the space. do you think it needs regulation to a certain extent and how? erik: i don't think it does. largely what regulators should focus on is preventing fraud and theft. you don't need all be ages of regula

republican side that tariffs and trade policy should go through congress, and not be done with executive fiat. shery: especially when you consider a company like zte violated u.s. sanctions repeatedly and lied about it. what message would that send to the rest of the world? >> exactly the point they are making. a group of senators are trying to come to the president and trying to talk him out of taking this executive action on zte and allow for a toughening or legislation to make these kinds of exceptions go through or be subject to congressional approval, rather than allowing the president to do it by himself. david: over the years, congress has largely ceded this area to the president and let the president do what he wants, is there a prospect there could be a structural change because of these actions and congress could take back the responsibilities? >> it is difficult to say in this politically charged environment what the congress can and cannot do. is a bipartisan effort to rein in the president's power to execute trade exemptions and impose tariffs like the ones donald trump is pointi

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fiat-chrysler. 80% of their operating profits from jeep and the ram truck.: ford getting out of the car business. they only are going to be producing trucks. that's so amazing to me. >> i hope they are not out of cycle. if we see gas prices, we'll be out of sync again with what the consumer wants versus what the auto industry wants to provide. ed the auto industry made tremendous progress in safety in the automobiles. mary power raised the bar for vicinity at gm. i think we are seeing more technology migrate into the car. lane control with safety devices for if you look at collisions, close collisions. so i'm pleads with what they are doing there. fuel efficiencies, whether the cafe standards gets rolled back. a lot of hybrid cashe -- cars we you have a combination of gas and electric. i think it industry has a bright future. leaders of those counsel come police focused on markets and consumers right now. maria: will the leaders of tomorrow be the same leaders of today in terms of the auto business or will we see these, apple, google become car companies? >>