bob lutz thanks for being with us >> thank you bye-bye. >> we got that halt on gm earlier this morningow a halt on campbell's david faber is here with that. >> it is news we have been reporting on, not sure if campbell has been unhalted yet, ready to trade, it is in agreement, they have been waging a proxy fight initially for all board seats, then to five. they've got a settlement let's tell you about it now that it is official and announced by both parties after the annual meeting on the 29th, campbell's will increase the board from 12 to 14 members, add two third point slate nominees, sarformer director an ceo of blue buffalo company, and they'll have input on the new ceo or ceo search and who will be that person and as well, they say that they will also have at least a third director by the next board meeting in may that they will consult with with respect to the appointment of so general settlement that was not unexpected, given what's going on the last several weeks, trimmed down from 12 to 5, since campbell said it was willing to take two, ended up where we had anticipated in the

analysts are questioning whether the alliance will crumble, but one former critic of the structure, bob lutz who at different times once led each of the american bighree aumakers, ford, chrysler, and gm, says the success of ghosn's alliance speaks for itself. instead, lutz doubtson whether y person can or even should replace him. >> no ceo is immune to ceo disease. think about it. everywhere he goes all three corporations, nothing but admiration, adulation, yes, boss, et cetera, et cetera. over a while they tend toha believe they're above the rules and above the law andn t they start misbehaving. >> lutz and others are quick to point out there's no proof ghosn has done anything wrong. for now though dark clouds hang over his reputation and the future of one of the rld's biggest automakers. >> nissan's current ceo says he will propose removing ghosn when the board meets on thsday. >>> disney's ceo and fox will take a step forward. chinese regulators thumbs up to disney's proposed acquisition of 21st century fox assets. the unconditional approval marks a big hurdle for the company disney amid

. >> when we return, bob lutz will get his take on nissan and the arrest of carlos ghosn dow is downall for my neighborhood. i'm all for backing the community that's made me who i am. i'm all for my theatre, my barbershop and my friends. because the community doesn't just have small businesses, it is small businesses. and that's why american express founded small business saturday. so, this year let's all get up, get out and shop small on november 24th. i got croissant. small business saturday. a small way to make a big difference. >>> welcome back to "squawk on the street." i'm diana olick. home builder sentiment dropped eight points in november to 60 on the national association of home builders. wells fargo housing market index is the lowest reading since august of 2016, but anything above 50 is considered positive. the index stood at 69 in november of last year and hit a cyclical high of 74 last december the drop is way off expectations of a one-point decline rising interest rates weakening affordability significantly and the chief economist said in the release they are causing de

i remember bob lutz of chrysler said if you want to invest in something called nissan, get $5 and sinkfo the pacific. it was viewed as a monstrous risk. renault has a right to be rewarded for its risk-taking. at the end of the day, he is facing significant charges. do you think there was a serious lack of accountability, transparency within nissan, there was too much power at the , ifand perhaps carlos ghosn indeed these allegations are true, could get away with these financial crimes? christopher: i mean, it does raise interesting questions about oversight and corporate governance. after all, the only thing i have heard mr. ghosn has been accused of in financial statements is his income was understated on the financial statements. he doesn't write those. the accounts right those. -- accountants right those. they are audited. it seems like if you had lower income stated on their annual reports then existed, where was the oversight that nissan? -- at nissan. rishaad: have seen some headlines with regard to that, but to what extent -- a piece said it looks like a palace. -- jealousy in te