carlos ghosn is one of the most fascinating people in business.e's on the run from japanese, really. he fled japan in 2018 to lebanon and has been fighting interpol since. there's no extradition. he wants serious questions over his tenure in japan. he is fascinating for so many reasons. who is the automaker who led the way on ev? you find a hard argument to say it wasn't renault or nissan leaf. pretty visionary. extensive interview. i'll write it up and put it on cnbc.com. fascinating man. fascinating to get his views. >>> european bourses. are you watching? you are. good. ftse is open. .4% higher. cac 40 is open. .4% of 1%. the aex and spanish and my friends in the netherlands and madrid and spain as well. i hope you are having a quietish day. there's no bourses open in germany or italy. i hope you are enjoying yourself in germany and italy. not working too hard. it is not a most exciting session. it has been really interesting december and month that normally people calm down a bit. words from the fed and moves on nvidia and mergers in automaker

, where he honed his chops as kind of a turnaround artist under then—ceo and chair man carl —— carlos ghosn to being able to turn around companies that were troubled. he then became the head of the psa group, and then helped engineer the creation of this psa group, and then helped eng his er the creation of this psa group, and then helped eng his term creation of this psa group, and then helped eng his term through of this psa group, and then helped eng his term through 2026,; psa group, and then helped eng his term through 2026, but out his term through 2026, but then they announced over the weekend that it was effective december first. weekend that it was effective decemberfirst. so weekend that it was effective december first. so that maybe indicates that they have somebody already lined up — or that the urgency of fixing the problem was just too urgent. tavares was considered to be one of the most powerful people in the auto industry. help us understand better how stellantis is such a big player. stellantis is such a big -la er. ~ stellantis is such a big .la er, . ., stellantis is such

_ strategy ever since carlos ghosn was ousted and so you are having _ ghosn was ousted and so youed and so you are having a huge discount that now if a white — having a huge discount that now if a white knight were to come in and — if a white knight were to come in and save nissan, there would be a _ in and save nissan, there would be a good — in and save nissan, there would be a good thing. however, is this— be a good thing. however, is this realty— be a good thing. however, is this reallyjust rearranging this really just rearranging the this reallyjust rearranging the deck chairs on the titanic in the — the deck chairs on the titanic in the sense of that neither honda. _ in the sense of that neither honda, nor nissan really have any product planned or any technology that global consumers want, so from that perspective, it's a nice rescue but it's— perspective, it's a nice rescue but it's not— perspective, it's a nice rescue but it's not creating a new national _ but it's not creating a new national champion. it but it's not creating a new national champion.- but it's not creatin

tom: ok, carlos ghosn speaking to bloomberg friday. let's bring in a reporter danny lee in hong kong covering the story for us. we hear about the talks progressing today. making progress, we have been speaking to japanese government officials and we are likely to hears at some point later today. what is the latest? >> i think today we are expecting to hear the starting gun of an agreement to kickstart the formal merger talks here. and that's really came about because this morning, we had the presidents of nissan, honda, and nissan's junior partner mitsubishi all spotted at japan's ministry in tokyo, entering and leaving. so that kind of gives a strong signal that the group had also come to some kind of agreement and wanted to tell the japanese government they were going to press ahead. so the idea of this auto megamerger is one that honda is leading, is one that is the only option left on the table from the weekend. so as everyone coalesces towards this, it is important because of the way in which the japanese government is going to be

rising star at nissan where he honed his chops as a turnaround artist under then ceo and chairman carlos ghosnlly. so he was known for being able to turnaround companies that were troubled and he would then become the head of the psa group, and then health engineer, —— health engineer, this new company of stellantis, accommodation of stella ntis, accommodation of psa stellantis, accommodation of psa from france and fca, which was the fiat kriesler automotive group from, based in italy and the united states. putting that altogether was a very, very, related tasks, he initially did a good job by trimming outa initially did a good job by trimming out a lot of the fact and overlap through cost—cutting. standardisation and streamlining the business. but there is only so much that you can cut before you start to bone, and that is where the rubber hit the road in recent times, where critics would say he was just cost—cutting too much and delaying products, and also hurting quality. just much and delaying products, and also hurting quality.— also hurting quality. just one cuick also hurting quality. j

caroline: i remember talking to carlos ghosn about the nissan leaf. he was upbeat about the scale of the market they had in electric vehicles and out pales in comparison to tesla. how would the combined units be beneficial? craig: it would help nissan in a blank space which is hybrids. a few years ago we would've been talking about would hybrids have a future? are teslas the way of the industry going forward? i think we have seen this real renaissance, particularly in the u.s. market, but also other parts of the world where it is clear consumers are still not ready to pull the trigger on a nissan leaf or a tesla. it has been the case that nissan has had a lot of issues but one of them has been the complete lack of hybrids in the u.s. markets. honda has strength in that regard and would help nissan to better compete if these were to combine. tim: i am not -- caroline: i am not sure hybrids will help in california. tell us what is coming from the biden administration in terms of regulations compelling people to have ev zero emission cars. craig: califor

has been completely balmed out because the company doesn't have a future strategy, ever since carlos ghosnusted. so you're having a huge discount that, now, ifa you're having a huge discount that, now, if a white knight were to come in ask save nissan, that would be —— and save nissan, that would be a good thing. however, is this really rearranging the deckchairs on the titanic in the sense that neither honda nor nissan really have any product or technology that consumers want? in that sense, it's a nice rescue but it's not creating a new national champion. creating a new national champion-— creating a new national champion. creating a new national chamion. �* champion. right. and if we seak champion. right. and if we speak of — champion. right. and if we speak of national _ champion. right. and if we l speak of national champions, champion. right. and if we - speak of national champions, we can't not mention toyota. how do you think they're feeling about this potential deal? i think toyota just keeps on doing what it's doing. as you know, it is the world's largest car—maker. very importan

coming up in the next hour, we'll speak with carlos ghosn, longtime leader of nissan.r escaping japan. honda d annissan entering merger talks. that's all coming up in the next hour. keep it here on "squawk on the street". >>> netflix gearing up for one of the busiest days since the site's launch. airing two nfl games for the first time on christmas day. chiefs/steelers followed by ravens/texans. what's at stake here? >> well, i don't know if i'd call it at stake, but there's a lot of opportunity for both netflix and the league, in the case of netflix this is obviously another very significant foray into live programming, there should be a lot of demand and a lot of opportunity for the company to expand what they deliver to the opportunity to expand their partnership further into the streaming realm with the industry leader in netflix, but also the chance to expand globally in a much more significant way as net flikts is not only the domestic leader but the global leader in streaming. >> this is a flex of sort for netflix, you look at the stock chart we have on the scre

the sun big lots carlos ghosn to ang isang hanarenai ang makasama ka. >> tom homan.hank you jason. i never meant to be so bad to you. one thing i said that i would never do. one look from you and i would fall from grace. and i want to smile right from my face. cause it's heat of the moment tell me what your heart meant to. heat of the moment. shooting. your right baby. >> the band is keystone. >> keystone? yes. >> how long have you been playing together? >> around five years. >> five years? >> all right, guys, here we go. >> hey, a double is in the house. >> yes. looking pretty. >> thank you, thank you. >> as one does. i dragoon the band keystone in a lunch. assuming correctly, as it turned out, that one of these young punks would know how to make a good adobo. is there a single authentic adobo recipe, or does everybody do it differently? >> everyone would stake claim to having the best adobo, but the basic ingredients, i think, will remain the same. so it's garlic, pork. we can now add the chicken vinegar peppercorns, bay leaf, soy sauce. >> this adobo is amazing. i

carlos ghosn thank you so much for your time and really glad to hear that you and your roommate are doing okay and your dogs, thank you, thank you, thank you very much. >> i'll have a blessed day. >> you as well. well, the storm system is still on the move. cnn meteorologist elisa raffa is tracking its path. i mean, it's really harrowing to hear about this woman cat's experience as she saw this tornado touched down. uh, are there any risk areas still, and will there be any relief soon? >> we are still dealing with tornado watches as this same line of storms continues to charge eastward. after today, things will calm down. but we're still not done yet. we have a stretch of tornado watches from charlotte down through savannah, including charleston, columbia, south carolina. all of this until 1:00 this afternoon. as this line continues to move east, the tornado watches stretch down to the panhandle this morning, where we still have some severe thunderstorms. this line, again has just been intense with damaging winds. looks like we have a tornado warning right there in upstate south carolina

. >> carlos ghosn have you decided if you're going to vote for johnson on january, that question and that was lauren boebert. i had asked her on the way in if he's going to vote for mike johnson. she didn't answer. and then that was her answer. on the way out of house votes. this is a problem for johnson. he's got his work to do to get these members in line. >> it absolutely is. and i think the bigger picture here is, as we've been saying, that nobody knows exactly what donald trump wants, but everybody wants him to lead the party. he is a powerful force of unity for these republicans. if he chooses to exercise it. but because he has stayed out of a lot of these discussions, you know, the biggest sort of political effort that mike johnson has made over the past year is to get close to donald trump. we see him with him all the time at the ufc, fights at the army-navy game. he has put himself in a very good position with that relationship, but it hasn't really paid any dividends in terms of actually getting trump to support him in return. you know, when trump came to washington after t

hitch its wagon to nissan given the track record it has had weird -- since we are talking about carlos ghosn the picture. we have seen a steady deterioration in the state of that company and the product portfolio is not in good shape. there's not a whole lot of reason for optimism. so there's potentially a distraction within an industry. it's a truly competitive more so with the rise of chinese companies like byd. >> there's been significant disruption around the world for autos. the rising tesla and the united states. then coming into china. and then you think of europe and you think of germany, that have been the beauty spot for all things autos. vw showing this time it's still hurting. >> we saw that towards the end of last week where for months now management has been pushing for restructuring of the vw brand which has long clearly been an issue for the company. it's just not been competitive. it has a thin profit margin, management wanted to nip that in the bud and really do something that is long overdue. they were not able to do that per they want to close as many as three plants, all

carlos ghosn said he did not see the synergies between the companies.desperate for long-term vision and potentially it will be good. scarlett: the trade ministry of japan proposed this five years ago and nothing came to pass. with nissan under further financial pressure it becomes a necessary step to take. elon musk, writing on x that the fed department is absurdly overstaffed. he says this from his position as cohead of doge. this is not a clear-cut government agency. doesn't have authority to do anything about this beyond talk about it. scarlett: this is basically a task force. they will offer up ideas to congress. what is so interesting is i tweeted something about something he tweeted. someone said i am a u.s. citizen that pays taxes. why don't you care what i have to say? his proximity to power and he will be leading this task force. he doesn't have the teeth and some of the capital to actually do the work. it will offer ideas to the administration. he took aim at the fed this time talking about how it's the easiest job in the world. the fed employ

years ago when carlos ghosn was unceremoniously pushed out at nissan, japan's government was concernedbout the long-term future of the company. and those concerns have only been sort of realized. and they saw in honda a potential savior in terms of a fellow japanese partner who could help them, and what we've seen since then is a company that has gone from crisis to crisis that really hasn't been able to get out of its own way. jonathan: it is looking more and more as a distressed asset. we will spend more time with you to talk about this. elsewhere, the biden administration is offering pgn the a loan of up to $50 million for rated generation, battery storage and transmission lines. it is to help them meet increasing demand and lower consumer bills. the ceo joins us now for more. cap sorry to closing the deal? patti: we have conditional commitments. a couple of weeks we think we could finish close the deal. jonathan: what would this enable you to do? patti: save money for customers. this is a straight passed through to customers and our service area and we would save over a billion dol

the former nissan chairman carlos ghosn tells bloomberg what he thinks the potential merger with hondag automaker. >> they have a cash problem, they have investment problems, they are being really hammered in the united states. they are being challenged in china. there is no plan in front of it. yahaira: that is your bloomberg brief. jonathan: more from yahaira jacquez in 30 minutes. next, wayne policy uncertainty. -- wayne policy uncertainty. >> some people to take a preliminary step and start to incorporate highly conditional estimates of economic effects of policies into their forecast at this meeting. jonathan: we will dig into that, next. live from new york city, this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. jonathan: welcome back to the

. >> carlos ghosn is thinking this is part of a crazy strategy by the japanese to merge up all of theirutomobile makers and that if he was in the mix they would not have ever let this happen. >> where is he now is he back here? >> no, he is in beirut, he is in lebanon. >> well, he is not in japan. >> and he can't leave lebanon. >> he can't leave lebanon. what if he came here >> he would be arrested. >> he would? >> remember, he was arrested. >> i know. >> in japan, he had to smuggle himself out. >> it was an amplifier. >> right in a music instrument box on a private plane, they went to lebanon. >> he can't come here. >> he can't go anywhere. i mean, that documentary they were filming him in lebanon. that was it. he's very limited. >> lebanon, huh? might be better than prison in japan, but wouldn't be my first choice. >> they used to call it the paris of middle east. >> it was, yeah. that was a long, long time ago. >> meantime, congressional leaders have struck a bipartisan deal to keep the government funded beyond friday's deadline, this is what joe was saying at the very beginning of t