a lot of oems are talking about working directly with chip suppliers. what do you think of that kind of new relationship, is it a problem for tier 1 suppliers like magna? swamy: i don't think it's a problem he would be can only solve the problem by working together through the entire value chain. we are talking about a longer time, not just three or six months. as you know, automotive is a really complex value chain. it is something that we all realize and are all learning. i am really proud of how the industry has addressed it. as you said, the situation is fluid what i don't think it is to the detriment of any tier 1. the whole ecosystem just needs to work together. amber: speaking of that ecosystem, when do think we are going to get that apple car? swamy: [laughter] i have answered the question before, cannot discuss any customers. i have also said, we are happy to have the ability and capability from design engineering, manufacturing from a broad portfolio. we are always excited to add anyone wanting to work with magna. matt: in full disclosure, i d

a lot of the oems aren't taking orders from fleets.shing those orders up by as much as 12 to 18 months. even the largest fleets which tend to get standing orders are not able to get those. guy: just to jump in, that is a direct result of the chip shortage we are seeing at the moment. that is the car manufacturers seeing the same thing. craig: it is also broader supply. one oem has had problems getting transmissions, so it is not just semiconductors, but the other product components that go into the trucks. we are told that some of the new truck dealers aren't able to sell trucks to the independent market when they show up at the dealers because they simply can't get capacity. taylor: truck driver shortages we hear within industries across the board. i want to read you a quote we just got at the top of the hour from the ism numbers that come out, including difficulty in finding qualified candidates. employees are slow to return to work. there's been turnovers to pursue new opportunities in a hot jobs market. what is that doing to wage p

a person who identifies as neither male nor female, they are oem users of russian photographer, christina vaccine. okay, very good sense of beauty is the name of this photo project. seen as aim as a highlight, people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standards related with close to so many voices all suppress and to be given. can you share your story? things really empowering. the models that i have today, shani very important or, and believe in themself and love themself, accept their own money. their own uniqueness has earned international a claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london and 2019, she worked in the us for 10 years, photographing people like artist marcia key at the massive discussion about females and cost as being a woman and need to change the office. 2021. it's time for change and roxanne wants to support that change with her photographic works. and the little more with the news the koran says, ah ah, ah, requiem 20 d w. in the heart

they are oem uses of russian photographer christina vaccine. okay, very good sense of beauty is the name of this photo project. are actually not the aim as a highlight. people who are often under represented and she wants to establish a concept of beauty that goes beyond the current standard, rated close to so many voices are suppressed and to be given. peter j a foreign hollering a model that i have today. shandy, very important to me is that you know, strength, that they've been able to understand themselves and find their place in the world and believing themself, and love themselves, except their own money. their own uniqueness, the rocks you know, has earned international a claim for her photographs. which are exhibited in galleries from new york to moscow before moving to london in 2019, she worked in the us for 10 years, photographing people like artist marcia as massive discussion about females and what cost as being a woman and need to change the office 2021, it's time for change and direction and wants to support that change with her

lots of oem's had huge shortages in being able to make vehicles. like this happening again is definitely on the horizon. i do agree with diess. i see by the end of next year supplies will be back to normal. theoretically the plants will be back at full production. what you will see is the cars we did not sell in 2020, the cars we are not selling this year, that will have a direct impact on availability of used vehicles years after that. every country is little bit different. the u.s. three to five year cycle, the u.k. as it does to four year cycle. next year we will be hard for used vehicles. alix: i'm glad i bought my car. bill berman, thank you very much. we have to leave it there. this is bloomberg. ♪ guy: that just about does it for alix and me. coming up on "balance of power" sarah house joining lisa abramowicz and annmarie hordern. alix: we will go to radio now. tune into the cable on dab digital radio. talking about the markets and what is happening in germany. the last time you will hear the dope -- the most -- last time you will hear the t

tom: we do very little oem business. we have a growing direct to consumer business.also sell through reseller partners. they sell primarily to enthusiast consumers. matt: what would you look at as your biggest growth market going forward? tom: our fastest growing segment of the business, i guess i should say channel, is direct to consumer. since we took the reins of the business about a dozen years ago, we really focused on the consumer. as a result, that is the fastest and highest margin channel we have today. matt: let's talk about the spac. i don't want to say controversial but it is a fascinating market phenomenon that we have really seen. a lot of popularity that kind of crested, has come down as they are making deals. why did you decide to go with a reverse merger, rather than a vanilla ipo? tom: we worked with private equity for a number of years, a number of different firms. for us, that put us in a cycle of looking for a new group of investors every three years or so. we were at a natural point of our development, we were growing rapidly. we were going out i

to be a key market, they're going after an ev, and it's part of the green tidal wave not just the oems in the second inning of what i view as the fourth industrial revolution playing out. >> sounds like we have a long way to go, second inning dan ives, thank you for joining us >> from cars to casinos, could an investment opportunity lie in macao? as gambling begins to slowly pick back umin china, and which stocks stand to benefit the most here to help us break it down, david katz, who covers the global gaming leisure and lodging industries david, what's the state of macao right now? we have the delta variant raring its ugly head, but it sounds like things are starting to pick back up as it pertains to gambling in macao. >> i appreciate you having me. and the answer to your question is, things have recovered very slowly, surprisingly slowly. so far, the market is down 65% year to date, july is running so far down 73% versus 2019 normalized levels. you know, visitation has started to pick up month on month, but it's still 75% of where it was in 2019. you know, we do cover these globally

they are oem users of russian photographer, christina vaccine. okay, very good. thank instances. beauty is the name of this photo project. rock seen as aim as to highlight people who are often under represented and she wants to establish a concept of beauty that goes beyond the current standards with close to so many voices are suppressed and to be given. can you share your story? things really empowering as a model that i have today. shandy very important for me is that in a strength that they've been able to understand themselves and find their place in the world and believe in themself and love themselves accept their own money. their own uniqueness. roxanne has earned international a claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london and 2019, she worked in the us for 10 years, photographing people like artist masha as a massive discussion about females and classes being a woman and needs to change the office. 2021. it's time for change and roxanne wants to support that change with her photographic work

they are oem users of russian photographer, christina vaccine. okay. very good sense of beauty is the name of this photo project. seen as aim as to highlight people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standards with close to so many invoices are suppressed and to be given. sorry, things really powering the models that i have today. shandy, very important to me is that in a strength that they've been able to understand themselves and find their place in the world and believe in themselves, and love themselves accept their own money. their own uniqueness. the rock has earned international a claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london and 2019, she worked in the us for 10 years, photographing people like artist, marcia, th, of the massive discussion about females and classes being a woman and we've changed 2021. it's time for change and roxanne wants to support that change with her photographic works and a little more wi

confirm dead firefighters about link to contain ablaze for a massive explosion at a factory that makes oem and plastic pellets on the outskirts of bangkok. at least 11 people were injured. the blast shook the terminal, building of bangkok, main international airport. and prompted evacuations of residence in the area. authorities fair leaking chemicals may cause more explosions. in the us recovery cruise have been given the all clear to resume work at the sign of a collapse apartment tower in surfside, florida. just hours after the part of part of the building still standing, was demolished, already decided to bring forward the demolition with tropical storm. else at rapidly approaching search crews are still trying to locate 121. people who remain missing 24 bodies have already been found in the rubble. the width carefully placed explosives, demolition teams brought down what had remained of champlain towers fell, damaged and unstable. after last month's initial collapse, they were fears the structure might not withstand the winds of an oncoming tropical storm. putting rescuers lives at ri

next age is a humanoid. robots developed to collaborate with human colleague, companies like oem, run, and co water robotic are leading the race and developing collaborative robots. these new colleagues have one important advantage over people. their work is precise and they never get tired. we have to make various productivity improvement for that job and is that use in the robot to do? there were still no robot robotics trade fairs, like i read in tokyo, show what the future workplace could look like. in japan, robot production has long been a key industry around 130 companies make robots here. in the past, these trade pairs were opportunities for companies to show our big robots used in industrial production. now there's a trend towards service and partner robots. part, you know, where we also know or it's got a recently the government's focus has shifted from making new robots teasing them sensibly and society. so i thought that's what i have sort of the you go to the more up there. ha, i could chuck, i need to source, they got talk, i did call you and i think we need to think of

are suffering and chinese china had what went through china went through a great catastrophe from den oem and from bob wishing to realize that great revitalization of china has become the aim of the chinese. great dream of the chinese people. and joe, try now to save the country from the most difficult or dangerous times. but chinese people fought duck and every one everybody was fighting back and was different stages boxes, the boxes movement and sing, high revolution, cook and wolf, and find all kind of plan to save the country. i've gotten came about hub, all you lost your favorite china. the time really urgent needs a new ideology to leave me that and we urge and need a new group to unify all of the different powers. on the 1st of october, we received, mark, mark says millennium isn't came. was sent to china. and one, during the great awakening of chinese people and china under the unification of the combination of communist marxism and our china's internal movement ccp was funded. and this is a great invent. guy can buy a whole which fundamentally changed.

they are oem uses of russian photographer christina vaccine. okay, very good sense of beauty is the name of this photo project. seen as aim is to highlight people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standard close to so many voices are suppressed and to be given. peter, share your story, things really empowering. the models that i have today shand, this very important to me is that in a strength that they've been able to understand themselves and find their place in the world and believe in themself and love themselves except their own money. their own uniqueness, the rock has earned international a claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london and 2019, she worked in the us for 10 years, photographing people like artist marshall as a massive discussion about females and classes being a woman and need to change the office 2021. it's time for change and roxanne wants to support that change with her photographic w

a heat wave cause temperatures to peak at 33 degrees celsius in the ot treat oem on the 1st day of competition set. lana come boy over collapse to she checked her final scores and had to have i supplied to head to call her down. she's reported a recovering well and will resume competition, heaters me only whether concern it's high food season in japan and there's one forming off the coast. but it's more competitive and welcoming the possibility. a big wave. many of the surface say they're looking forward to a good swell during the competition which begins on sunday. originally, obviously we thought it was going to be pretty small so much more white boards which are a little bit shorter, a little bit flat, a little bit better on the rails. but obviously now, you know, kind of seen the full costs and is a bit a swell coming of brought over a few step up, which are a few inches bigger, a little bit longer at different tiles. you know that, that, that go good in the big conditions. so we are very nearly a year later than planned take care. 2020 is finally about to begin these of a live shelter tak

saving whatever they can with fish and fish are going to have to do the sugar line of also some crystal oem, bar manager michael croyt shows us how high the water rose here. often there's some saturday was meant to be the brewery, the grand opening, after 4 month renovation. now he says he'll be lucky if they open within a year. the cushion line was annoyed on that, but i will not thousands. i'm not in. everything in the cellar was destroyed, the heating system and everything technical and the cooling. we're talking at least 3 quarters of a 1000000 euros to replace it all. with recovery and clean up effort fully underway, chancellor marco came to this region on sunday, promising give these people what they need and she was clearly touched by what she thought is this a 2nd? it's terrifying. i would say there is no word in the german language to describe this devastation. but what i witness is incredibly comforting. it's how people are sticking together, how they helping each other, the solar that the among people. the mercury cabinet is scheduled to meet on wednesday where, according to repo

go to 90 or 100 million units per year it's a collective entry from all the traditional automotive oemsrs, they're the principal migrators from those name plates to tesla they're all coming out increasingly with their own offerings. you have new upstarts, but it's really the question of whether, collectively, this is firms will have enough of an impact. >> china's also a question, tony what do you expect to hear from the company, given the hurdles on the pushback it's seen lately in china >> well, i think tesla has a very good story from a production perspective it's producing model threes and -- i'm not sure tesla is really going to weigh in on what they believe consumer sentiment is that's really the question, has sentiment shifted because of some high-profile -- and with the government also saying they're nervous or won't buy tesla vehicles for government use, given the fact they have cameras on board i'm not sure we're going to hear much about that on the call. >> speaking of china, toni, apple will report this week. you have written lately that the seasonal iphone trade is working.

. >> we're one of the only oems that offer a presol order process.il was presol so right now we're not sparing any expense, and we'll make sure we get as much product in the hands of our consumer as we can. >> how long do you expect these supply chain and pricing pressures to last? 2022 2023 >> we probably think it will be the end of probably 2022 before things start to move part of the questions was how fast do you think those will come down? that's a question we just don't know how to answer we have the ability to continue our pricing. we have model year '22 comes up shortly. >>> you mentioned the lack of inventory in the channel again >> that they'll have -- if you were to go to a dealer today, there's minimal stock. as i mentioned earlier, it's actually been sold already >> what happens to that trend as we hopefully get out of covid and are reopening more >> it's obviously not going to continue like last year even in economies that have already opened up, markets like texas, arizona, florida, that have been mainly open for some time, demand is st

think we're about, what, 15 years ahead of the curve and that capability does not exist with any other oemunds like when intel invented the microprocessor and said, knock yourself out, make computers with it. >> that's exactly the model. we complete, we do not compete everybody come in, use that technology, build whatever they want better vehicles, more economical, far safer, by the way. and at a very big diversity. >> if i say i want to be on this platform, can you help me make my car, i'll give you the sketch, and you'll make the car on that platform >> yes, absolutely we signed an exciting agreement with magna, we build the platform, you can do whatever size or shape you want, it will be powered by ree. >> and right now, you're a $3 billion company. do you have all the money you need i like this concept very much, sir. i really do. >> thank you. >> this makes so much sense. you'll be able to -- are you ready? you have it now, if you get with magna, suddenly ford calls you, can you do it? >> yes, we can we just announced a collaboration with toyota. we had a concept in 2019 that takes on

they are oem users of russian photographer christina vaccine. okay, very good sense of beauty is the name of this photo project. seen as aim as a highlight, people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standard with close to so many voices suppress and to be given a foreign powering a model that i have today. shan, this very important call it to me is that in a strength that they been able to understand themselves and find their place in the world and believe in the house and love themselves except their own money. their own uniqueness has earned international a claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london and 2019, she worked in the us for 10 years, photographing people like artist marcia th massive discussion about females and was passed as being a woman and need to change the office 2021. it's time for change and direction wants to support that change with her photographic works and a little more with the news

factors are what leads us to depths of belief or validated us with our channel partners, all of our oem partners that not only is the pc market over one million units a day, that will increase in 22 and beyond. we are getting more and more consensus for that even though there are naysayers in the marketplace. we think intel got this one right. we are building the capacity and the supply chains to satisfy that. emily: that was the intel ceo. don't forget, it is a who's who list of companies reporting. we will kick it off with tesla monday, apple, alphabet, on tuesday. paypal and facebook on wednesday. we wrapped the week up with amazon on thursday. next, we will stay with this week's earnings and snap the nagging back. reporting a strong quarter in digital e-commerce. can it sustain the gains? let us not forget what happened earlier this week with jeff bezos and three others landed safely after blue origin's first flight to space with passengers on board. i will never forget it. bloomberg brings you a special program called space race that looks into the future of the space industry, glu

you're seeing constrained production out of the oems we would expect that to normalize.oems start to out pace consumer demand, we would expect prices to gradually normalize. we think this is well into next year it's going to take timing before prices come off of what we're seeing today >> and obviously, you've accelerated your dividend payout and i think you're buying back as much as 2 billion in stock. i'm curious how you think about capitol valuation. >> sure. so, we were really excited a week ago we announced aldividend going from 19 cents to 25 sents per quarter for common share we upped it from 1.6 billion to 2 billion. we are still running at capitol levels and well above regulatory minimums we will continue to be disciplined in the way we deploy capitol. but we're seeing growth in other avenues of lending we have across ally. our mortgage business and point of sale financial as well. >> one of the big stories right now, and a positive one, is how good a shape consumer balance sheets are have a lot of pent-up savings and therefore, the credit loss ratios are low ac

talking to our guest from freightwaves a little earlier on, who was indicating that some of the truck oemsgling not only with chicks, but with -- with chips, but with transmissions and other kinds of parts. we have seen supply chains breaking down around the world. the shipping industry is still continuing to struggle. to boil it down, is it just chips, or are there other factors at play here as well? david: chips are the main thing. there have been other factors. some of them have been related to the weather. we saw a polymer shortage in a while for automotive foam for seating related to storms in the midwest and the south a couple of months ago. but it is primarily semiconductors. in addition, the industry is constrained from the plant in japan that is not online yet. they are talk about getting that back online in july, so there could be some relief this month, but even general motors, which has been the most bullish about this, is saying it is a fluid situation. that is the company that has been kind of held up in terms of sales and profits from production, better than most, and they a

currently it is gm, hyundai, also working with chinese and japanese and german oem's.itely it is a global megatrend. we plan to work with all the major car companies. kailey: i will get back to your business in a moment. i want to ask why you picked a spac, and why do you think ivanhoe picked you? it was looking at a number of battery makers. qichao: on our side, we didn't really want to do a spac but there was a lot of serendipity when ivanhoe showed up. they are different from other spacs. ivanhoe is a leader in the supply of copper and nickel, very important raw materials for the battery industry. there is a lot of strategic fit with ivanhoe. in terms of why they picked us, it's very simple. they asked us to send the samples to third parties and we came out on top in terms of third-party tested data. we came out as the best. kailey: let's talk about the product you made that may be made you attractive to ivanhoe, lithium metal batteries. how are they different? qichao: today's batteries in ev are lithium-ion, and they don't have lithium metal. they use a mix of carb

obviously, important is the relationships that the rental car companies have the oems.r and maintain them longer. like the car business, it's going to be a very strong pricing market so even though you'll see less vehicles, whether it's automakers selling vehicles or in rental cars, you are going to see strong pricing offset to a certain degree the profit hit from having lower inventories. but in the case of hertz, it's a great brand. i am really pleased and happy to be able to join the board and i have a lot of good things going forward in terms of prospects for the business but overall, every industry, rental car, retail, government fleet, it's going to be tight. >> all right what about the good things for the prospects for the hertz business give us a sense as to what you are talking about there. >> i am in the process of joining the board. the bottom line hertz, which is a very strong brand, they are number one in the market here, and as greg o'hara, who is going to be the chairman of the company, said we are going to use technology to improve the customer experienc

they are oem users of russian photographer, christina vaccine. okay, very good sense of beauty is the name of this photo project, or actually as a, as a highlight, people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standard with close to so many voices are suppressed and to be given committee j, a foreign things were following a model that i have today shandy very important to me is that in a strength that they've been able to understand themselves and find their place in the world and believe in themself, and love themselves except their own money. their own uniqueness has earned international claim for her photographs which are exhibited in galleries from new york to moscow. before moving to london in 2019, she worked in the us for 10 years, photographing people like artist masha key. actually. the massive discussion about females and was passed as being a woman and needs to change the office. 2021. it's time for change and roxanne wants to support that change with her photographi

. >> yeah, interesting, we're going to find out what advantages some of these legacy oems may bring itear as this fight continues. great stuff. good to see you. thank you so much. >> thank you for having me, carl. >>> and we talked about cybersecurity names earlier on in the show with john chambers palo alto net works and z scaler from buy to hold says splunk is better positioned vendor to benefit from changes in the security software spending space take a look at these shares, lower today. more "techcheck" after the break. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. a

windows oem revenue down 3% and xbox content and services revenue down 4%. this is not the holiday quarter and there are those constraints, so maybe that shouldn't be a surprise. >> keep us posted on the call. jon fortt with the details there. guy, we'll go to you on this one. is it just that microsoft is up going into this quarter that is not helping? >> yeah, we've seen this before. people look at the valuation, but jon mentioned it, azure growth 46%, the street was at 42% and operating margins north of 41% there's nothing not to like. maybe the stock ran too much we've seen them run up in earnings and sell off in a couple of days a week from now we'll probably be talking about a stock making an all-time high i'll stand by that there's nothing not to like in this quarter. >> it's what we've seen in the past, which is an opportunity for people to kind of take profits. we've seen these companies have tremendous runs over the last few weeks. and as these fears around delta variant and other unknowns come in, you've seen a rush into these as havens. with all o

and with milly, ellis brown, a person who identifies as neither male nor female, they are oem uses of russian photographer christina vaccine. okay, very good sense of beauty is the name of the photo project. seen as aim as a highlight, people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standard rate of a close to so many voices are suppressed and to be given. can you share your story things really empowering. a theme out of that i have today. shan, this very important to me is that you know, strength, that they've been able to understand themselves and find their place in the world and believe in themself, and love themselves except their own money. their own uniqueness, the rock has earned international a claim for her photographs. which are exhibited in galleries from new york to moscow. before moving to london and 2019. she worked in the us for 10 years photographing people like artist marcia as a massive discussion about females and classes being a woman and needs change the office. 2021. it's time for change. and ro

they are oem uses of russian photographer christina vaccine. okay, very good sense of beauty is the name of this photo project. seen as aim is to highlight people who are often under represented. and she wants to establish a concept of beauty that goes beyond the current standard close to so many voices are suppressing to be given, sharing a story, really empowering a model that i have today. shandy very important to me is that in a strength that they've been able to understand themselves and find their place in the world and believe in themself and love themselves except their own money. their own uniqueness. roxanne has earned international a claim for her photographs which are exhibited in galleries from new york to moscow before moving to london and 2019. she worked in the us for 10 years photographing people like artist marcia as a massive discussion about females and classes being a woman and need to change the office. 2021. it's time for change and roxanne wants to support that change with her photographic works and the little more with

you see the established oems bring their full game from a product execution standpoint on top of thee costs down and come out with quality products i think in the new start-ups, there will be more losers than winners. the reason for that is as you have the established automakers come out with credible products, consumers will say how much risk do i want to take in buying an electric vehicle buy from an established oem where i can get service and i have confidence the company will be around for years from now or go with a start-up? a lot of the cars they are selling, the price point is something not many people can afford it is only such a big market the market is only so big for people willing to buy $75,000 cars and up. >> mark, we will leave it there. great to see you hope to see you again soon hopefully next time in person. we should mention as we noted before in the electric vehicle news, we will do an interview. a first on cnbc with lucid motors ceo peter rawlinson that is coming up in p twtwo ho as they complete their spac deal joe. >> we had a car there last week, sorkin now a

we see many auto companies -- the stronger auto oems are able to manage the input cost inflation as wellductor shortage. when you look at the service sector, this is a sector that is less impacted by input cost inflation as of now and so we are quite positive on those sectors as well. haidi: one of the big concerns for investors is a spike of new virus cases of the delta variant across the region. take a look at this chart when it comes to asia and asean. just being watchful of the seven day spike of new cases. one of your top investment ideas is india. does the virus situation not play too much on your outlook for equity performance? >> of course it would be -- i don't deny it does impact our investment views in the near term, but when you look at the situation where vaccination rates have risen such as the u.s., europe, the u.k., as the vaccination rates rise, the impact from the variants become less and less on the actual economic activity. for vaccination rates are still lagging, we do consider this is a matter of when if not -- when not if economic activity does normalize. we are st

. >> welcome to the oem business. >> exactly manufacturing is hard. tell that to ge, who's trying to get out of it. aerospace. talk about that -- >> i didn't need to hear -- >> i can go get a good tool and dye man if i want to hear how bad manufacturing is all right? >> we are going to talk to kulp. ge, 5 cents beats 2 cents. revenue ahead. nice swings in organic revenue and orders from q1. >> i like the cash position. i like what i think is a health care business that is a gem. that's reasserting itself as a gem. i think that, david, wind, not emphasized enough, i think when we talked to larry, but aerospace, looks like that -- that the airlines have money and they want to make their -- they want to surface their planes because they got a lot of money from the government. >> they did. interesting. almost -- the numbers from all four businesses in terms of revenues were roughly the same av aviation, perhaps, used to, outweigh all of them $4 billion plus. right. they raised guidance. >> says that's a coincidence norc . >> no. how quelly weighted. my po

is able to change the calculus from kremlin on all these rans oem wear attacks espionage, nord streamela merkel in germany finishing this pipeline could have taken sanctions against germany if they wanted to, the calculation that was made i think correctly was that whether or not the americans chose to put sanctions on germany, this pipeline which is well over 90% complete was going to get finished made operational either way, now, you can argue that the timing of sort of giving germany this win makes the americans look soft on moscow and why would you do that when russians aren't doing anything with the united states understand the criticism but the outcome, unless merkel is replaced by a green party chancellor is almost certain not to happen in germany, this pipeline will be completed will be become operational either way a big problem for ukraine yes dagen a win for moscow >> the reason people in this country take issue, with it is because biden and company, are number of ways tried to take a hatchet to our own energy economy you know energy independence, if you will. and whether i

12 months, the market start to appreciate that these products are coming out from the established oemsmarket here in the u.s. that's down now to about 50% you know, folks like ford bring out their products like their mach-e chevy with their products in the market now and coming out. others like hyundai. everybody is coming to the party now with great products, and i think you're seeing the market starting to give some love to the fords ans of the world on t efforts there. >> will that love be given to the automakers who still qualify to offer their customers subsidies? gm and tesla reached the cap, so it can no longer offer, at least for the rest of the year i'm wondering if you think that's a benefit to a bmw. the consumer will say, i'll go to ford and bmw to look at the offerings because i can still get that subsidy. >> i do think it's a factor. the bottom line is, you know, the early evs were bought by what we call early adopters in the industry these are folks that want new technology they have the income to do that. now, as you're getting to mass adoption, cost and price becomes v