chrysler closed at $28 then. investors who piggy backed on the government, buying chrysler when the government did at $7.50, the day the government signed the loan guarantee and sold it for $28 when the government sold back the warrant three years later, 280% gain. the government is great on piggyback. it can do more in shoring up the stock and push management to do the right thing than any big shot activist investor can. that's why i think investing alongside the government in this case in citigroup could produce stellar gains. the stakes for washington are much higher now than they were with chrysler. i remember chrysler because i was buying stock for individuals when i was working at goldman sachs, i was recommending it to everyone saying this is the turnaround of the lifetime. the government is holding 34% of citigroup when citi was trading $3.14. piggybacking has already given me a gain so far. this is the first inning. i think citigroup could reach $12 by 2012. i'm using that phrase, $12 in 2012 giving you

. >> susie: mewhile, chrysler creditors are suing daimr ag for billionsf dollars. they're accusing t german automaker of strping chrysler of assets before selling it

this couple wanted to buy a new chrysler today. the car they were looking for was sold out. >> i was looking at the compass. there's no more left in the country, i heard. >> reporter: in fact the real question tonight for these automakers is whether or not to rev up production to keep up with increased demand or whether or not this is really for the cash for clunkers program which ends friday according to the white house unless the senate approves more money, charlie. >>> david muir, ford dealer in new york. david poses the question. will the senate approve more money to keep the cash for clunkers program going beyond the week. jonathan karl joins us, i know they approved $2 billion more for the program. what's the senate going to do? >> reporter: no guarantee they'll do the same thing. there are hurdles to passing that bill. a big one cleared a short while ago when senator dianne feinstein who opposed the program because she didn't think fuel efficiency standards were high enough. said she favors it. points out offer average the c

now, chrysler creditors want a jury to hear the case and decide damages. daimler says the case is without merit. >> paul: tomorrow, while this looks like a normal trading floor second market's making a market in things you can't trade anywhere else. >> susie: the white house says president obama's pay czar will review the $7-million pay package being arranged for a.i.g.'s new c.e.o. a spokesperson for the president said a.i.g. needs good competent leadership that can return the bailed out insurer to profitability. still, incoming ceo robert benmosche could earn millions more in performance-based incentives. last fall, taxpayers paid $182 billion to bail out a.i.g. >> paul: just in time for the holidays, sony is cutting the price of its play station 3 by $100, to 299 bucks. it's also launching a smaller model with a 120 giga-byte hard drive next month. play station sales have fallen behind microsoft's "x-box" and nintendo's wii. but sony's c.e.o. thinks consumer reaction to the price cuts will be "phenomenal." >> susie: here's a look at what's happening tom

and chrysler as soon as possible. but he predicts chrysler won't go public until 2011, at the earliest. >> paul: for the first time ever, the securities and exchange commission is enforcing rules to limit naked short selling. that's where an investor sells stock that has not yet been borrowed. two traders and their firms have agreed to settle the charges that they violated rules without admitting or denying guilt. hazan capital will pay $3 million. tjm proprietary trading will pay half a million dollars. >> susie: cisco's c.e.o. gave today an upbeat outlook for technology spending even though the tech titan reported a big drop in quarterly revenues and profits. the stock surged as much as 3% in after hours trading. excluding charges cisco earned 31 cents a share in its fiscal fourth quarter, 2-cents ahead of analysts estimates. revenues fell 18% to $8.5 billion, but still in line with estimates. looking ahead cisco expects revenues to fall as much as 17% in the current quarter, even though orders are picking up. joini

41% of the new car sales went to toyota, honda and nissan. 39% of the sales went to gm, ford and chrysler most popular cars were toyota corolla, honda civic, toyota camry and ford focus. new cars bought under the program had an average fuel efficiency of 25 miles per gallon... compared to 16 miles per gallon for the trade ins. a04 one slice of the banking industry broke even in the second quarter but more than three dozen are now considered troubled. thrifts are designed by law to focus on consumer lending, with requirements to have at least two-thirds of their lending concentrated in home mortgages or other consumer loans. in the second quarter, thrifts collectively made $4 million. that's the first profit for the industry in almost two years, according to the industry's regulator, the office of thrift supervision. and it's a huge improvement from the almost one and a half billion dollar loss in the first quarter. despite the industry profit, more thrifts are on the regulator's watchlist. 40 thrifts are now called problems. that's up from 31 in the first quarter...and it's out of 794 nat

chrysler >>, send us more cars per -- >> chrysler, send us more cars. >> dealers credit cash for clunkers. the rebate offer brought this woman in. she traded her 1986 a van for a new ford escape. she more than doubled her fuel efficiency. and she helped to give up for its first sales increase in nearly two years. >> sales elevated as soon as the program became official a week ago friday. that is what put us over the top. >> but the popular program is a dazzling in cash. house leaders agreed to top off with another 2 billion at the white house wants the senate to do the same. >> if it does not happen this week, it is unlikely we will make it to the weekend with a program that could continue. >> it ran out of money in a week, prompting the house to run a $2 billion expansion before people had time to figure out what happened with the the first billion. >> are calls to figure out if cockers are scrapped and not me sellable. >> without those things, we are just having people money to buy out a new car. >> but bipartisan backers say they are satisfied and that drivers are getting on average 10

>> paul: susie, chrysler does make the jeep cherokee. it's one of the most popular clunkers, being traded in for a rebate. now let's take a look at some stocks in the news tonight. >> paul: tonight's "street critique" guest says right now the markets are particularly susceptible to bad news even with the economic optimism we've been seeing. he's doug roberts chief investment strategist at channel capital research and author of "follow the fed to investment success." doug welcome to the program. >> thank you, paul. >> paul: on wall street we saw big selling on monday followed by modest comebacks yesterday and today. what is your take on the current market? >> right now we've come a long way, paul, from a period in march where we had an extreme degree of pessimism. people thought the world was falling apart. now we've been fueled by basically better than expected earnings and also better than expected economic news. although the absolute news hasn't been particularly good, it has been better than expected. we're now seeing a few chings in

from the book, lockheed bailouts led to the chrysler bailout in 1980, the chrysler bailout kickd that further down the road and by 2008, g.m., chrysler and ford were in shambles and allowed toyota to become the largest automaker. had the chrysler bailout not occurred in 1979, it is very likely the detroit automakers would look quite differently than they currently do. sherry is joining us from texas. good morning to you. >> caller: thank you very much. the united states has a legalized bribe system where lobbyists give all the campaign money to congress. tom delay paid his wife a half million a year. he paid his daughter $100 ,000 year salary. the discretion aary cost from t funds is -- when we look at stimulus, look at the bailout, shouldn't we be highly suspicious of plunder? >> guest: absolutely. in fact, when we look at every company that's gotten a bailout, it's not just small companies or mid-sized companies. it's the companies large enough to have a very effective and costly lobbying effort. it's companies that are very well connected politically that have been making donations

as part of its partnership with fiat chrysler will reportedly produce the fiat 500 in mexico. chrysler could build engines for the cars in michigan. >>> i-hop is hopping hoping to go to new extremes to generate business. they are offering free kids meals seven nights a week for the next month with the purchase of any adult meal. according to "usa today" several smaller restaurants are offering similar deals but no national chains. >>> "district 9" was number one. the sci-fi movie about aliens forced to live in a ghetto in south africa opened number one. >>> and coming up on "good morning america" -- who has the next dance? so we reveal the new cast of "dancing with the stars." that is after your local news. that is your "moneyscope report." i'm vinita nair. >>> good morning. i'm meteorologist susan schrack. it's a little muggy this morning. let's look around the region. using some of our cameras, let's look at what is happening. the temperature in winters mill high school in westminster 73 degrees now. the winds is fairly calm there. looking in look annapolis, the harbor schoo

. >>> we have headlines from chrysler. we all know chrysler is considered to be the weakest of the big three. >> yeah. >> okay? so they are going to have a year-on-year decrease of single digits, which would obviously be significantly better than they had. ford is the only one who came out and said they will have an increase in the u.s. the most important headline is perhaps this. chrysler says some plants are operating on overtime. >> wow! >> which we are assuming would be something that you do before you added a shift. >> yeah. >> but it would be a good sign. if there's any more to it, phil lebeau will join us. but that is an interesting headline out of chrysler. perhaps an important one. s&p now -- >> s&p right now is over 1,000. >> 1001, mark. >> 1029 and the nasdaq is at 2,000. >> there you go. >> all right. let's look at the internals here on this very nice day for the markets. they should be pretty good. and they are. that's a little better than 4-1 positive on the big board. on the nasdaq, that's a little less than

the first car chrysler produces with new partner fiat may not be made in the usa.l build the fiat 500 in mexico. that could lead to a backlash among u.s. taxpayers who helped save the automaker but chrysler is said to be building the engines in michigan. >>> a new promotion to build up sales. ihop is offering free kids' meals seven nights a week for the next month with the purchase of an adult meal. according to "usa today" several smaller chains have been offering similar deals. >> one more reason i wish i was still a kid. >> can you get the latest business news any time at our website. the address is abcnews.com. >> coming up next, the mayor who tried to come to the rescue but ended up in the hospital. >>> and india's biggest movie star questioned at a u.s. airport for over an hour which is now becoming an international incident. every day special.ke fancy feast introduces an entirely new way to celebrate any moment. fancy feast appetizers. simple high quality ingredients like wild alaskan salmon, white meat chicken, or seabass and shrimp in a delicate broth, pre

i have heard that criticism that it should be just for gm, ford, or chrysler. but honda is made in the u.s. by american worker, to white tee, manufactured in the united states buys -- toyota, manufactured in the united states, they should not be disadvantaged because they do not have a name on it that does not look like white border chrysler. we will not disadvantage car manufacturers like that. congress did not want to do that, either. there may be a couple of manufacturers not made in america but almost all are. all made by united states workers who are obviously been offending. >> corey boles from the dow jones. >> moving away from this, there are efforts in the congress mostly in the house to do more for the dealer is affected by the bankruptcy's. what is your position on that remark to gm and chrysler be forced to come back to the table to offer more assistance to these people? >> there is an odd a task force in the white house. nobody has taken more of an interest in the auto parts manufacturer than president obama. he has devoted a lot of time and energy

-- chrysler, jeep's, dodge. -- jeep's -- jeep. they got the clunkers in here, but toyota did not shed any plants down. neither did nissan. -- they did not shut any plants down. the cheapest here is the patriarch. -- petrie not. how many do you have? >> 9 -- patriot. how many do you have? >> 9. -- none. >> the japanese are going to win all of the clunker deals. neil: all right, thanks, buddy. >> talking about raising taxes. what is true is that we have a long-term budget problem, and the president is committed to dealing with that, and right now, the way we are focusing on that is with health-care reform. neil: no talk of tax hikes, but we do have a budget problem. steve morris says that is why a tax hike is coming to your house and soon -- steve moore says that. he is with "the wall street journal." what do you make of this? you say it is inevitable. we had art laffer a year yesterday saying the same thing. -- we have art laffer here yesterday. >> thank you. there is no more glass ceiling. there is no question when you are running

chrysler is saddled with more debt than gm. president obama has announced a major investment in clean car technology. money will be used to create batteries and electric vehicles. the top economic advisors will discuss the future of fannie mae and freddie mac today. the administration is set to be considering overhauling of them. one plan under consideration would strip the company's of their bad debts. one of the biggest hotel companies is planning to go public. hyatt hotels is hoping to raise $1 billion. the week used the money to buy new properties. coming up "good morning america," going from firing to hiring. turning a pink slip into a dream job. and that is your "money scope" report. 6 >>> o'clock 21 right now. -- 6:21 right now. >> a new crashed just reported on the beltway near georgia avenue. this makes the third, fourth rack so far this morning. here we are creeping and crawling. 95 virginia at delays. headlights are the northbound direction. growing through landmark. >> thank you. >>> 6:21 is your time. >> extremeome

, it it came back to haunt chrysler. had they been allowed to collapse normally, someone would have taken them over and would have started with a correctly structured relatively debt free car company. a lot of other things come from that. management of g.m. and ford should have been forced to do deep look and then the union would have been forced to look at the pay structure and said, hey, maybe we need to rethink this. if we put one of the big three out of business, there might be something wrong with this. throw enough money at a problem and temporarily it goes away and we are dealing with the exact same situation only putting g.m. and chrysler into bankruptcy this time. i think it was the better approach than just throwing a lot of money at them without causing them to restructure. >> host: our viewers are lining up to ask you questions. kenneth joining us from oklahoma city. good morning. >> caller: good morning. am i on? >> host: you are. >> caller: thank you, c-span. i live in oklahoma city and i drive to chickasaw

ford, chrysler, and general motors are all reporting their july sales figures today. chrysler is dropping an incentive plan offering to double the $4,500 cash for clunkers rebate. chrysler will still be offering some rebates, but the size will depend on the model of the car. barack obama is urging the senate to approve an additional $2 billion for the cash for clunkers plan. but dealers selling under this plt may nobe reimbursed if that money is not passed. that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you. >>> 5:27. the news continues. >> a deuced guardian heads to fairfax county court after he -- a goose guardian has to fairfax county court. >> a fire in this fire house. wait until you hear how long it took for help to arrive. ay right here. >> i am steve rudin. ay right here. >> i am steve rudin. we have 90 degrees expected hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started. i can help you with the paper

and chrysler.nd they say underestimating the popularity of the program raises downts about the administration's stintle about the cost of health care reform. >> americans are telling us that health care is too important to rush. they are staying it's too -- saying it's too important to base our decisions solely on the estimates we are getting from the same people who brought us the stimulus and cash for clunkers. >> but supporters say on average the new cars being bought get 60% better gas mileage than their clunker trade-ins. that is way more than expected. most people turning in gas guzzling trucks and suvs driving away in fuel efficient sedans. late today some skeptical supporters of the clunker's program including california democratic senator dianne feinstein and maine republican susan collins weighed in and may have tipped the scales in favor of extending the program. >> there were a number of us that wanted the most fuel efficient program. i think what you have heard here today is this progr

. >> susie: mewhile, chrysler creditors are suing daimr ag for billionsf dollars. they're accusing t german automaker of strping chrysler of assets before selling it cerberus capal management two years ago. the creditors claim daimledid that when it separated cysler fincial from its american car- making parent. now, cysler creditors want a jury to hear the case d decide damages. daler says the case is without merit. >> paul: tomrow, while this looks like a normal trading oor second market's making a market in things you can'trade anywhere els >> susie: the white houssays esident obama's pay czar wil review t $7-million pay paage being arranged for a.i.g.'s new.e.o. a spokespersonor the president id a.i.g. needs good compete leadership that n return the bail out insurer to ofitability. still, incoming o robert benmoschcould earn millions more in performance-based incentives. last fall, taxpayers paid $1 billion to bail t a.i.g. >> paul: just in te for the hodays, sony is cutting the price its play station 3 by $100, to 299 bks. it's also launching a aller model with

. >> susie: meanile, chrysler creditors are suing daimleag for billions odollars. they're accusing theerman automaker of stripng chrysler assets before selling it to cerberus capit management two ars ago. the creditors claim daimler d that when it separated chrler finaial from its american car- making parent. now, chrler creditors want a jury to hear the case andecide damages. daimr says the case is without merit. >> paul: tomorw, while this oks like a normal trading floor second market's making a market in things you can't tde anywhere else. >> susie: the white house ys prident obama's pay czar will review the7-million pay packe being arranged for a.i.g.'s new c.o. a spokesperson f the president sa a.i.g. needs good competent leadership that careturn the bailedut insurer to pritability. still, incoming cerobert benmosche uld earn millions more in performance-based incentives. st fall, taxpayers paid $182 billion to bail oua.i.g. >> paul: just in timfor the holiys, sony is cutting the price ofts play station 3 by $100, to 299 buc. it's also launching a smler model

press went to chrysler after a long and successful career at toyota. he went to chrysler a couple of years ago, was brought in to essentially help that company rebound under cerberus capital. never happened. in fact, his tenure might be best exemplified as somebody who was brought in with high expectations but due to a number of factors things never worked o out. again, jim press according to a couple of reports will be leaving chrysler by the end of the year. this was a rumored departure. so that if this is in fact the case in the months to come it will not be a huge surprise in the auto industry. that's the -- when people say, hey mike, why ford, why now? i say brace yourself. that gas guzzler in your driveway, just might be, a clunker. but don't panic, it could be a good thing. your ford and lincoln mercury dealers are cash for clunkers specialists. they'll recycle your ride, and get you a big fat juicy rebate from uncle sam. you can get all the details, charts, graphs, etc, at ford.com. why ford, why now? why not? visit your ford or lincoln mercury

and chrysler don't want this thing to pass.ly against it passing to reinstate these dealers. your prediction? >> well, my prediction is that september is going to be a critical month. i know everybody is home at town hall meetings talking about health care, if you care about small town auto dealers, you have got to put some pressure on your lawmaker for september. if we don't do it by september, general motors and chrysler are hoping these things just go away. gretchen: steve la tourette a republican congressman from ohio. thank you for your time this morning. >> thank you, gretchen. gretchen: more trouble for south carolina governor mark sanford. he came clean about having an affair back in june. now, more accusations. what a new investigation has turned up. and a puppy shot in the face. she survived the awful attack and now needs a home. the miraculous story next. plus, our all american bride give away kicks off in just two minutes. you can nominate a soon to be bride whose fiance is fighting for this country for a chance of

2000 mil millones de dolares paraaaao sedanes compaÑias como la general motor , la ford y la chryslern visto sus ganancias subir hasta el 47% en washington dc jose angel aguirre univision enes pdetectar enfermedades transmitidas sexualmente..maria rosa las autoridades policiales en el condado de montgopmery estan buscando a la persona o personas que se dieron a la tarea de pintar los lentes de las camaras que detectan a los infractores de trafico...los atentados se produjeron a lo largo de seven locks road en laa de cabin john..los vecinos dijeron que es la tercera vez que alguinen atenta contra los artefactos..u ventanales y puertas de un apartamento de dos dormitorios, aptemente fue provoca por el mal manejo de la marca or el mal manejo de foggers..una mujer que caminaba hacia su carro despues de dejar el apartamento resulto con herida leves por los vidrios de el departamento deios de bomberos del condado de prince georges por lo menos siete de esos pesticidas fueron ép? pesticidas fueron la confirmacion de sonia la confirmacion de sonia inminente, pero aun hay rep

i lost track how much money has gone to gm and chrysler. aig, 180 billion. so hay, 15 billion for bear stearns, that is in the discount rack but the thing that keeps coming out and began another false statement people don't and draw the conclusion by letting lehman brothers fail, aig collapsed and that is kind of an interesting way to look at it. they came right after another you had fannie mae and lehman brothers dan aig, but did lehman brothers really cause aig to collapse? you go and look at all of the derivatives aig had and remember, aig is a 100 year old insurance company that is broken into pieces, the big insurance half is fairly clean, fairly conservative, fairly well-run and then there's a sort of structured product hedge fund on the side that was very aggressive, very reckless, very speculative. all that stuff started out in that structured product half, and some of it adrienne better than others. in general it was pretty much a mess because again, you are dealing with numbers that are so huge there is no room for error. perfect example, aig essen

gm and chrysler even itled their plants. shipments to dealers ground to a halt. now -- >> everybody's scrambling, trying to find carps. >> reporter: chrysler report dlil plans to add shifts and overtime at some of their plants at the end of this month. many customers don't want to wait, fearing funding for cash for clunkers would run empty by then. >> in the beginning of the program, they were coming in for a specific car. now they buy what we got. >> reporter: the big question for all the automakers is, can they get the new cars on the lot before the demand runs dry? sharyn alfonsi, abc news, new york. >>> and "on the money" tonight, even with cash for clunkers, retail sales slumped in july as consumers pulled back. sales had been expected to rise, but were down .01%. and foreclosure filings jump again last month. a record number of homes, more than 360,000, received a foreclosure notice. >>> there is a possibility tonight that the only person convicted in the bombing of pam am flight 103 might soon go free. some rell gives of the 270 victims are outraged at the

your dodge, chrysler, and jeep dealer guarantees everyone up to $4,500 cash allowance...n virtually every model. get to your dodge, chrysler and jeep dealer on the double, and get double cash for your old car! what are you doing for lunch? how about crispy beer-battered shrimp and chips at red lobster? or maybe one of our coastal... soup and grilled shrimp salad combinations. our wood-grilled salmon blt. or chicken and your favorite shrimp. seafood lunches, starting at just $6.99... that fit into your budget and your lunch hour. come see what's fresh today for lunch. only at red lobster. greta: 11:00 is almost here. flashed the studio lights. last call. leave it to conan o'brien to find a comedy in the growing problem in america -- flash the studio lights. >> they are complaining that americans are getting fatter and fatter, and is getting harder to lift them into ambulances. -- candidate is getting harder and harder to lift them. -- and it is getting harder. greta: that is your last call. the lights are blinking, and we are closing down shot. do not forget, and gretawire

chrysler's were up 16%. general motors up 8%. and cynthia bowers tells us it was the government's cash for clunkers rebate program that drew many of the buyers into the show room. >> reporter: at his suburban chicago ford dealership, sales manager mario sosnowski is seeing something he hasn't seen in a long time. >> this entire lot used to be full of new car inventory. that's what we have left. >> reporter: an empty lot and a jam-packed show room floor. >> starting from 8:00, 9:00 in the morning we're here until midnight because of the program, because of the excitement. >> reporter: he just did the most july business he's done in five years.Í >> i sold 17 cars. >> reporter: he says many buyers like the fact that ford did not take a government bailout but it is the cash for clunkers program that's the real driving force. >> we think cash for clunkers was worth about a million in annualized sales. >> reporter: 2009 could see $11.5 million vehicles sold, which sounds good in this economy, but the auto industry used to sell 16 milli

from the book, lockheed bailouts led to the chrysler bailout in 1980, the chrysler bailout kickd that can fther down the road and by 2008, g.m., chrysler and ford were in shambles and allowed toyota to become the largest automaker. had the chrysler bailout not occurred in 1979, it is very likely the detroit aumakers would look quite differently than they currently do. sherry is joing us from texas. good morning to you. >> caller: k you very mu. the united states has a legalized bribe system where lobbyists give all the campaign money to congress. tom delay paid his wife a half miion a year. he paid his daughter $100,000 a year salary. the dcretion aary cost from the funds is -- when we look at stimulus, look at the bailout, shouldt we be highly suspicus of plunder? >> guest: absolutely. in fa, when we look at every company that's gotten a bailout, it's not just small comnies or mid-sized companies. it's the companies large enough to have a very effective and costly lobbying effort. it's companies that are very well connected politically that have been making donaons and in fact if you

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chrysler, one of several carmakers reporting declines in sales, however, from a year ago, chrysler sales down 9%. i feel like i should say down only 9%. chrysler says sales were up 30% from june. toyota sales down 11%, but its sales soaring 32% from june. general motors had a 19% decline in sales, year on year, but its sales were up 8% from june. >>> well, the government's clunkers for cash program luring more car buyers into show rooms. that program will end friday, if the senate doesn't approve another $2 billion more for the program. two key senators, democrat dianne feinstein and republican susan collins, are both opposed -- well, they did oppose passing more money to pay for the program. now, they have changed their position and will support that extension. but the program is still facing stiff opposition. brianna keilar has our report. >> reporter: christopher sherrisome and mary lafleur were going to wait until next year to get rid of their 1998 nissan pathfinder, which gets 15 miles per gallon. then they qualified for as 3500 rebate toward a new car under the government's cash fo

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so gmac and chrysler financial, i mean, they need that.w, some of our manufacturers if you take toyota motor sales and toyota financial services, they work very closely together. they're a marketing arm of each other, so they're very closely partnered. you know, when you say you're not seeing a lot of deals, i think a lot of customers think if i don't have a clunker, there's really no deal. unfortunately, a lot of us including ourselves and our manufacturers have targeted most of our advertising towards, hey, we're in the clunker business or the cars program. but there are still great incentives, great rebates from the manufacturers, 0 percent financing, and dealers have all kinds of incentives on -- no dealer does not have an incentive on a vehicle. >> host: so finally, the initial program a billion dollar, it was supposed to go through november 1st, the government going through a billion in just over a week. the senate taking up debate this week for $2 billion. at what point will the program end? how long would $2 billion last in your mi

chrysler salesere down compared to a year ago but they also say more customers. >> it turns out it wasoone for forward. in detroit where the industry's pain has been felt the deepest, this couldn't have come at a better time. we've had focus waiting. >> reporter: running didn't ford is giving the program huge credit. their hot sellers, the 34 mushers, sales up 61%. the escape 34 miles per gallon. to focus, they'lls central arteried in four and a half. >> granted greater fuel efficiency was part of the deal but pears were helpless by the clunkers program he may emerge prom om saker want to see what you have that's soft. >> still, chrysler says for the first time in a long try. in recent months they had up to a 100-day supply in some cases. now it do i to just 40 days. people o who want to run the interior, don't have the recommends they were looking for sold up. . >> the only yow is whether or not these auto makesers to demand is really because of the cats for cluckers program unless. >> money sure did go fat. >> they -- thunderstormsg out west triggerinrighertnyin aong in the who wil w

and it's been a horrible year for chrysler.e're going to see positive numbers from general motors within the next half hour. what we are looking at here, andrea, one of the best months for the auto industry in well over a year, if not a year and a half, and the question is whether or not cash for clunkers continues, which, of course, it's in the hands of the senate now. >> exactly, that's going to be a big decision this week, a big political test for the senate. thanks so much, phil lebeau. >>> now back to the white house, and robert gibbs, who has said that he see is no reason for the middle class to be taxed, let's watch. >> again, i think the president has been clear on this. the first thing that we can do, the most important thing that we can do right now is get our economy growing again. we know that the deficit, part of the reason that the deficit is up right now is that the economy has slowed down so much that tax revenues, because this is what happens in an economic slowdown, have regressed a lot. i think the president,

some chrysler plans are now operating on overtime. and while chrysler will no longer offer a flat $4500 rebate on top of the clunker incentive for every customer, it will offer $4500 to match on some of its models. but for the rest, the incentive amount will vary depending on the model and the brand the customer selects. >>> and while we wait for gm's numbers, we do know about 6,000 gm blue-collar workers took the latest round of early retirement and buyout packages, but gm was hoping for more than 13,000 to take those packages. and since 75 fewer workers did than gm planned for, it does look like more layoffs will be likely. unfortunate news there. hopefully they report good sales resu results. back to you. >> tnks so much, courtney have a great day. >> thanks. >>> our time right now, 11:48. still to come, a wedding day disaster. you won't believe what happened to one couple after they said their i-dos. >>> plus, meteorologist will be back with another check on the forecast. >>> we're looking for people who e the day special in thema

american automobile companies, ford, gm, chrysler will live long in some form, a kind of marley's ghost dragging their chains and -- at takes pairs's expense and you know, and the fools in the corner uses detroit and the fool officials at detroit unions will retire to their vacation homes in palm beach and st. petersburg, respectively, i mean, and don't deserve our sympathy, any more than the malevolent trolls under the capitol dome in washington do. but, pity the poor american car when congress and the white house get through with it. i mean, a light weight vehicle with a small carbon footprint using alternative energy and renewable resources, to operate in the sustainable way, when i was a kid, we called it a should win. -- schwinn! [laughter]. >> it has been a great, 110 years, been a great run, 110 years since the daurier brothers built the first american automobile in springfield, massachusetts and if the motor wagon company, if it had been a success, springfield massachusetts might be today's motor city full of abandoned houses and drug dealing and violent crime an racial tensions

response was so strong at chrysler the company is running low on popular models including the jeep and mini vans. starting tomorrow it will no longer match the $4500 incentive. sales at chrysler slipped 9% last month. >>> more layoffs may be coming to gm. 6000 blue color workers took a buyout naught was about 7500 less than gm was hoping for. >> for more business headline goes to money watch. in new york. >>> coming up on the news at 4, a somber anniversary. after the collapse of a bridge in minnesota, how a film make ser ep hadding victims find closure. >>> honoring a baltimore family who lived in the same house for more than 100 years. their story next. >>> a nice start to the work week. the updated forecast is coming up. >>> first we're always on for the top stories at www.wjz.com for updates and weather all the time click www.wjz.com. >>> today was bearable. >> finally one day break we got that. we want to you show that there is nothing on it. we have not seen this in some time you can see how star they are. this is the next one moving our way so for today this is where we topped o

chrysler had planned to sell a nissan made small car in north america and europe by next year.nissan would have had a chrysler truck model in its lineup. >> plenty of auto news in europe here, as well, christine. car demand will fall better than expected in the second half of the year. the comments coming after data shows renault and pageo citron increased protection, but it's said 2010 won't be a year of growth. >>> the gfk consumer septemberment survey was up to a three-month high. consumer prices fell in july for the first tooichs time since german ee unification in 1990. >> and massachusetts top securities regulator wants more information from goldman sachs about the company's weekly trader tips meetings. secretary of state william gal vin says he's concerned the firm may be given preferential treatment. in 2003, gal vin helped negotiate a settlement with ten wall street banks. they were concerned at the time for winning investment banking business. in frankfurt, goldman shares right now are down 0.735%. and general elect has put its security business up for sale. jpmorgan

. >> reporter: chrysler sold so many cars dealers are running out. today the company stopped doubles reet bait. the government says more than 130,000 americans have traded for new cars. saving the typical buyer up to $1,000 a year on gas. ford rolling out its new taurus said it could boost the economy. clearly this h been a home run but at what cost? >> i'm not going to pass a bill on to our kids of 2 wld to buy a car today p about it's not fair to our children to keep doing this. >> reporter: and some ask is it fash just to help automakers. there are many people who are asking, well, why is that industry being assisted when my industry isn't. >> reporter: so far just under half the cars sold in this program came from america's big three. now some economists say because these cars that are being sold are the least expensive on the market, it won't have a lasting impact on the economy until the government can also create more jobs and boost consumer confidence. from washington, tracie potts, news 4. >>> so here's what happens to those clunkers once th

still and let him splurge a little and so he bought a car, a big black 1953 chrysler new yorker.uch to pay for the car, chrysler definitely gave harry and deal and have found a letter that suggested he may have been of little as $1 still he bought the car in some deals are even too good for harry truman to pass up. when he was president he would drive his own limousine the case nellie and talk about something you probably own cnn at one time for the july speaking engagement in charlottesville he drove his limousine back to washington and it was reported that he is traveling 65 miles per hour in a 55 mel barzun and he was furious about an editor of letter when he was one of was never sent and the truth was he did try to fast and of all the presidential i would say this is pretty much the indisputable fact. he was very meticulous about his cars and you measure the tire pressure and the tread in and regulate in the tire however he washed the them and change the oil and his very meticulous about keeping track of his gas mileage. he kept a little currents and every gasoline purchase h

and chrysler trying to take as much of these sales as possible. a lot of auto make ares have come out with incentives to go on top of the clunker plan. chrysler doubled the clunker benefit on certain models so they're fighting it out but i think it's inevitable that you see more of a shift towards foreign vehicles. we're talking about foreign nameplates some of which are now made in the united states. host: ruben on the democrats line in west virginia. caller: good morning. my concern is washington being washington, they love screwing up everything. i'm a car enthusiast. i have a couple of classics. are they going to try to include these antiques an classics into this stuff that they're trying to do, which i totally disagree with, because i love an old car, and i do love -- that's part of my hobby. that is my hobby. i like putting these things together. guest: well, i don't think you have much to worry about. the age limit is 25 years. anything older doesn't qualify. the voucher is only worth $4, 500. so if your cars are worth more, there is no ev

we'll see what happens come september, but like gm and chrysler, what a bankruptcy would do is allowem to renegotiate its debt and tear up the expensive union contracts and give the system a fresh start. we want to know what you think. this has never happened in the history of this country. should detroit public schools file for bankruptcy? quickly, heidi, one person said they think the whole u.s. government should file for chapter 11. let us know what you think. >> yeah, okay, all right. poppy harlow, sure do appreciate that. >>> want to get to this story now. a new study finds one in five teenagers in a relationship experience some kind of dating abuse and the impact could have a toll on teens later in life. so, could a successful dating violence protection program from canada work here in the united states? it's a problem we've also seen here. david wolf from the center of mental health in toronto, canada, is joining me more to talk about that. let's first talk about that number. seems pretty high, does it not, that this many kids are affected by their boyfriend or girlfriend, i g