but this issue isn't limited to autonation.ida car dealer we met three years ago who says it's still a problem nationwide. >> reporter: in lake park, florida, dealer earl walks through a lot that he owns but refuses to sell because they have defective takata air bags. >> if i can't sell a car that i would sell to my own family, i'm not going to sell the car. >> reporter: stewart estimates he has lost close to $600,000 on those cars over the past three years because he can't get the parts to fix them. >> we have to hold those cars until the takata air bag is available to fix it. so i'm suffering a huge amount. most of that, half a million dollars plus is from depreciation. >> reporter: but other dealers do sell cars with safety recalls. a new report from the u.s. public interest research group surveyed 28 autonation dealerships around the country and says of 2,400 used cars for sale, one out of nine had unrepaired safety recalls. some were takata air bag and general motors ignition switches linked to injuries and deaths. adam ga

. >>> coming up, quarterly results from autonation.l join us for the first on cnbc interview. >>> then a look at how the wildfires in california are impacting mifalies and companies out there. stay tuned, you're watching "squawk box" on cnbc servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. >>> welcome back to "squawk box. shares of beyond meat getting slammed. take a look at what's going on t

. >> this is an industry-wide question, and yet the consumer advocate stood in front of an autonation lot. here's why. in 2015, autonation stopped selling recalled cars, but it reversed that policy in 2016 and began selling them again. in a statement, autonation said it is in full compliance with all laws and regulations regarding recalls, and with all recall directives provided by vehicle manufacturers. the company also shared this recall disclosure form, which it said buyers must sign before they drive off the lot in a recalled car. a recent federal bill aimed to ban recalled used car sales nationwide, but it appears to be stalled in the u.s. senate. okay. what do you do about this? well, say you're car shopping. here's what you need to do to educate yourself about recalls. first, find the car's vin, vehicle identification number. that's where you're going to find it, and this is what it is going to look like. a very long number. take that number right there and you're going to pop it into safercar.gov. that is the u.s. government real-time database of recall. if that site lists tha

we will speak to the ceo of autonation, as well as the gm cfo.ell us about earnings and labor costs. coming up, the fed is expected to cut rates for a third straight meeting. the question is what happens in december. this is bloomberg. ♪ alix: it's a big week for u.s. data and the fed. out today, conference board consumer confidence, pending home sales, and the fed decision out tomorrow. the market is looking for a third street rate cut. michael mckee joins us now. still with us, christopher wolfe of first republic private wealth management. i feel like a week and a half ago, it was the market is still too dovish for the fed. tooi worry the market is hawkish. did the narrative change? michael: the narrative didn't change so much as the timing. they flipped. they are not pricing in a december move, but they are waiting to see what jay powell is going to say and what the data looks like from here on out because they can always change their mind. we went from about a 30% chance for october 2 now over 90% -- for october to now over 90%. if the market

workforce, they were forced to pull their ipo last month because of lack of investor interest, autonation, in headlines, the car retail chain accused of selling used vehicles with unrepaired safety recalls, autonation di denies report,. elizabeth: thank you so much. >> to one of most accurate election models run by moody's analytic, they back tested to 1980, they were correct every time, they say president trump will quote cruise to victory due to three different economic models, it looked at because voters feel better about their pocketbook, jobs and stock market gain. median income, gain of more than 5,000 dollars in two years under trump, that is 3 times more than under obama and george w. bush combined, and 8 years each, according to economist steven moore, we bring in joel. that moody's analytic model is stuff, trump does best under pocketbook model. >> the fact, if you look at the economic numbers there is a record long stretch of job growth, and a number that not discussed, looking at how so many millions of people have moved out of lower middle class and middle class to upper midd

autonation is down about 2% right now. it's at $50.79.p next, speaking of autos, major carmakers turning the keys er california's strict auto emissions rules. jeff flock has the insight on the power players sure to rev this up. that's straight ahead on "the claman countdown". don't go away. the dow is down 2 points now. does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. there are zero reasons to invest anywhere else. they give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family

autonation is intriguing. a lot of auto dealers all stocks popped pretty good.his is four years into peak auto. the consumer bedrock of the stock market rally still positioned to keep this going? >> that's it. if you look where the bears are, they're essentially circling wagons and manufacturing. they're wringing their hands, manufacturers do don't have enough visibility and clarity to expand. to some degree that is threw. but on other hand as you mentioned, u.s. economy is really more about the u.s. consumer. you know, a lot of results that we're seeing today are reflection of that. now i will say before we get too optimistic on kellogg, i think they did have 1.8 billion or raised 1.8 in some sales of ancillary businesses. that is really one-time thing. i'm not a huge kellogg fan, because they're really caught on wrong side of consumer tastes right now. charles: although, i see your point. organic sales were up. it is interesting you say that a lot a lot of people being in the hip investment, beyond meat are getting crushed. people say i'm sticking with poptart

we speak to the ceo of autonation and general motors' cfo later in the program.. i'm alix steel. where do we go from here? we are taking a little bit of a pause. is it value or growth that will lead the way? euro-dollar a little bit on the back foot. the cable rate is definitely one to watch. exchange,or global where we bring you today'

topics on the dealer satisfies side are group one gpi, penske auto group pag and we also follow autonationrs that are best positioned by implication, the oems, the manufacturers maybe not so much? ford and to a lesser degree gm the stocks have had a hard time getting out of their own way. >> they have they've been market performers ford's beat the markets by 8% year to date gm and ford, one of the things the market has not caught up with yet, both of the companies have reduced the break-even levels by 50%. there are questions in europe but gm is out of europe. china has hurt general motors and ford to a large extent this year i think as some of those things subside a little bit, the companies are in a much better position than the market gives them credit for, especially in north america. >> the general view on the gm/uaw strike which continues at this point is that probably not a tremendous blow yet to the company but how do you think it's going to play out what does it mean to gm? >> it's unfortunate, that's for sure, because over the last 10 to 20 years the industry's relationship with