yeah, chrysler as well. it'll be interesting to see what rolls out. >> is all of this enough to turn it around for chrysler? >> reporter: we'll see, right. the numbers are stronger. new ceo said today finances are improving. when you compare it to a while ago they've got $5.7 billion of cash on han. that was as of the end of september. up from $4 billion in cash for the company in june. analysts say, listen, this is a race against time andil knickly show you here why. when you look at sales for general motors, when you look at their october numbers they're down 30%. this is as their main competitors in this country. gm and ford. market share, year over year, down for chrysler. let's pull up those numbers there to 7.9%. and then up for gm and for ford. so that's what's going on here. it's going to be interesting to watch. chrysler hurting because it's dependent on pickup truck, suvs and minivans and we're seeing a shift to fuel efficiency. the story's getting updated constantly right there on cnnmoney.com. >>

. >>> chrysler is trying to trim its workforce even more. it's offering buyouts to 23,000 employees. the automaker says workers who qualify will have until november 13th to accept the deal. chrysler says it will determine who qualifies based on operational needs and that termination dates would be at its discretion. chrysler emerged from choopter 11 bankruptcy protection in june. at the time it said it would close some u.s. plants as part of its reorganization. chrysler is expected to reveal its five-year recovery plan wednesday. >>> the philippines battered by a typhoon for the fourth time in just over a month. this storm has killed 20 people. four others are missing. typhoon miranai is expected to hit the central coast of vietnam tomorrow. the two countries are still reeling from typhoon ketsana, which slammed ma nil will with its worst flooding in 40 years and killed 160 people in vietnam during late september. >>> good sunday to you. i'm reynolds wolf for hln. this is a look at your forecast across the nation. we're going to get things s

chrysler is shrinking again, buying out another 23,000 workers. this week, chrysler is going to lay out a five-year plan to try to get back into profitability, to become a successful company. it's out of bankruptcy, but still in a lot of trouble. so, thousands of people who work for chrysler, this is going to be a big week for them. they'll be sitting down at the kitchen table, looking at what they have in their retirement account, trying to make this big choice. what they can't tell is if they say i'm afraid to take the buyout, i'm just going to keep my job, we don't know if they might end up getting laid off down the road. real scary. back to you. >> anything else? >> i think we're out of time. >> okay, great. >> sorry. now they said there is time. it's just that we've got the big unemployment report this week, the big employment report and it's going to come -- usually friday and we'll see how the stock market does. that was a little -- >> look ahead. >> big rise on thursday, big fall on friday. >> appreciate it. >>> moving ahead here, an airli

chrysler sales fell 30% from a year ago. >> all right. there are still plenty of questions about how quickly and strongly the auto industry is recovering. so far, though, so far, so good? >> reporter: well, i don't know if we can go that far. that turns out to be the $62 billion question since that's how much they owe in bailout money. but a new report says the treasury recovery is likely to unveil its money in bailing out the companies. in the meantime, the gao wants to make sure the treasury is keeping a close eye on the investment in gm and chrysler and is recommending that treasury hire people for that job in particular and put together a formal plan for divesting the government's ownership stake. as always, we'll be watching to see exactly how it all happens. >> thanks, steph. >>> tyra banks has always been loud and proud about her figure. but is that changing? "showbiz tonight's" brooke anderson tells us whether she is sending mixed messages. >>> is tyra banks a flip-flopper on the issue of weight? she's defended her size in the pas

chrysler, another round of shrinking. it's buying out another 23,000 workers.says this week they'll lay out a five-year plan to get back to profitability. they're out of bankruptcy but still in a lot of trouble there. so thousands of chrysler workers will have a big choice to make over the next week, sitting at the kitchen tables and bars, trying to decide, are they going to take a buyout and give up their job or keep the job and there's always still a risk that you could get laid off and miss out on all that money. that's a big deal. >>> the white house, signaling, of course, it cares about the $1.4 trillion deficit is what they're trying to say but before they focus there, they want to try to get a heart beat in the economy. meaning, growth. >> unemployment is worse than almost anybody expected, but growth is back a little more quickly, a little stronger than people thought and growth is necessary. with growth jobs will come but growth has to come first. >> timothy geithner on nbc "meet the press." we've been following the home buyer credit, still happening i

chrysler out of bankruptcy but still in a lot of financial trouble.o a lot of people are going to have a big money decision to make, do they want to take the buyout, do they want to take their chances and stay? a lot of people i think will be at the bars and kitchen table making big decisions that could affect their future. there still could be layoffs. >>> check this out! if you love cruise ships, you want to see this video. this is worth coming in the room for. this is the 20-story "so a sis of the seas." it only had two feet underneath that bridge. it barely made it under there. they lowered the smoke stacks. it's on its maiden voyage. they said there were hundreds watching it go by. from a shipyard in finland to port everglades, florida. the shipmakers say it is one of the greenest cruise ships out there now. there's been a lot of criticism, right, about dumping of sewage in the water. they say it doesn't do that at all and it also runs on less power than smaller, similar ships. it's so big, it's divided into neighborhoods. >> merry-go-round on th

they bought general motors and chrysler. what happened is, a lot of people said, another trillion dollars and four of lot of americans, they woke up and they said, the american government is owning general motors and chrysler? what has ruptured? there is concern that there is way too much big spending. this is not the fault of the president. they have combined billions of dollars from the big banks, and there is just huge, massive spending, and that is the stimulus package. we have 14% of the economy, that is the percentage of the debt this year, to the overall gdp. in 10 years, this will be 70% of the economy that will be -- this will be the gdp. it is rational to say, that is out of control. i think that this is huge. so much has happened. the fact that we bought those companies is a big deal. many people said, we are spending way too much money and using too much government. what happens in the election? the republican party has a lot of trouble. the mid-year election, this is too far. what has happened to health care is

. >> host: that is what to gm, chrysler, aig, fred friday, fannie. >> guest: exactly. one friend vice president at goldman sachs how the times has wall street been bailed out by the federal government? they will say one. last year. but the reality is when you look at the beginning of the clinton years, wall street goldman sachs goes in big for mexican bonds in the next king government says we cannot build them -- by then. >> host: why would wall street want to buy something that is not a good investment? they are in sharp. they would not buy bad stuff >> guest: they do because the profit is a function of risk part of you want to make a big returner wall street and make big risk of a that is okay but capitalism needs to be about profit and loss. with the clinton administration and mexico 94, russia 96, big and derivatives in asia and 98 come a long term capital management, brazil, each one the big wall street investment houses route overseas. >> was a problem the federal government did not regulate that enough? but they were making while that's prevented they think they

chrysler.- i understand that you were against saving chrysler. if that is right, can you tell me about your thinking in the strategy in detroit and why it came out like that? >> i am not going to get into who was for what and what was the ticktock on everything. as you know, we were in an environment where chrysler and gm were in different situations. i do not think anybody -- i think most people did not expect that we would be able to successfully worked them into and out of a bankruptcy as quickly as we were able to do so. we were trying to trade off a whole bunch of issues. it was not like the president or the administration, generally, has with the bank, nobody wants to be in a bailout situation. the administration acted because the collective judgment was to not act at that time would have had evean even worse spill over into the economy. that is where we were. i am glad with cash for clunkers. >> budget that ruling to the demolition industry with cash for clunkers. >> since you brought up

the way, there's a difference between us and the democrats, and who just bought general motors and chrysler and spent trls to bail out big companies and vote republican, that would be a colossal failure. will will lose an incumbent now and then, but guess what in a two person race, the strongest candidate usually wins. and in 2010 we'll be stronger as a function of the intensity out there and yes, we'll lose perhaps one or two people we don't expect today but in general we'll be stronger in the ballot box because of the movement that is taking place around here. >> and let me have a quick add on. foreign polls usually doesn't matter too much to american voters. and i think that -- that the administration is likely to experience a string of conspicuous foreign policy failures on the arab -- on a palestinian israeli peace, which is a conversation that won't happen with iran, which by 2012, will either conspicuously have a nuclear weapon or an israeli attack on them. either, one, a mess for the administration. and -- on ukranian and georgia and the whole front with russia, russia is going to b

in late march, they bought general motors and chrysler. what happened is that back to back in a three day time frame, people said another trillion dollars and for a lot of americans, they said what? the american government owns general motors and chrysler? governments don't own big companies in america. what ruptured? what ruptured is the concern that there is way too much in spending and to be fair, it's not the president's fault. but when you say -- and the combined the billions of dollars, there is one huge massive spending and as a stimulus package. . >> what happens is the republican party has a lot of troubles. we put on the brakes and send a missile. that was to park. -- that was too far. many private people said there will be a bill and we're better off negotiating in good faith because there is going to be a bill. what is going to happen is this possibility, which is the a.m .a is there because they thought they would get a deal. if it does not get fixed, i do not know where they will be. hospitals are there because they said they

the value, the valuations when one thing and aig thinks there's something very different and yet chrysler -- price waterhouse cooper says the both for them. in goes back to this whole issue. why so to their credit they did want by the protection and the assurance and carry who was the president of the company actually boasts to some people that morning that if aig goes down we actually may make $50 million to de. so there incentive who think would actually be for aig to die. now that's not true either because there was a sense that if aig went everybody else goes. hall the other counterparties to everything else that goldman sachs has sold it would have represented the destruction of the symptom and there for goldman sachs. when they have also gone out of business like everyone else? perhaps. it is a complicated question but that's the answer. again interestingly we have tadpole senate in the press as being sort of at some level of this villainous fellow who made this decision. i was suggesting you for better or for worse and i didn't know before reporting out the story that particular de

billion bailout buying banks, by aig, the largest insurance company in the u.s., freddie and fannie, chrysler, gm, taking over the whole student loan industry -- it's really quite breathtaking at 30% of the private economy is now owned or controlled by the federal government and if this health care bill goes through that's an additional 18% that the federal government will control, 40 percent of the private economy. it's really -- it really causes a person to cause and i think that's one thing to it about your book "architects of ruin", informed me how just a small decision, a small bill can be like a little bit of leverage. like if you have a teeter totters echoes one way or another, the fulcrum, one of bill can cause our entire huge wonderful american economy to tip. you talk about the kennedy reinvestment act, you talked about how lending standards were forced to be lowered, mandated by law, banks were forced to make those loans or they could expand as businesses and then the bad loans were sold off to freddie and fannie. the secondary mortgage insurance market, they purchased the loans, t

conflicting things, particularly, with the auto task force and what's going on with general motors and chrysler and i think us getting if and getting behind and looking under the hood and seeing exactly what's going on, i think that alone provides an important tool for the american people and for policymakers to understand what's happening and frequently we do an audit, just the presence of the audit has an impact. just the fact that my auditors are there reaching around asking the tough questions, that necessarily impacts how things are being done and i think it keeps people more honest when they know that there's going to be a t.a.r.p. report in a couple months detailing exactly what happened. >> yes. i'm a banker in south texas with international bank of commerce. and we're recipients of some t.a.r.p. money. it seems to me that some of the recipients of t.a.r.p. money or -- that there's been a stigma right now, a negative stigma with the banks that have received some of the t.a.r.p. money. when, in fact, a lot of regional banks including us and some of the smaller community banks were really

the way, there's a difference between us and the democrats, and who just bought general motors and chrysler and spent trls to bail out big companies and vote republican, that would be a colossal failure. will will lose an incumbent now and then, but guess what in a two person race, the strongest candidate usually wins. and in 2010 we'll be stronger as a function of the intensity out there and yes, we'll lose perhaps one or two people we don't expect today but in general we'll be stronger in the ballot box because of the movement that is taking place around here. >> and let me have a quick add on. foreign polls usually doesn't matter too much to american voters. and i think that -- that the administration is likely to experience a string of conspicuous foreign policy failures on the arab -- on a palestinian israeli peace, which is a conversation that won't happen with iran, which by 2012, will either conspicuously have a nuclear weapon or an israeli attack on them. either, one, a mess for the administration. and -- on ukranian and georgia and the whole front with russia, russia is going to b

general motors and chrysler are going out of business. we have unemployment coming down, with any confidence in the future. they will have to repeal this. >> they will not run on this in the primaries. >> will the nominee sesotho appeal it? >> i do not think so. i have had the unusual history of having worked with bill and i think -- they are both right. it is a problem because i have worked with you, too. >>and the outcome of the discussion that we had earlier, which i think would be released mark, is that president obama has had to do huge things which has created in siad across the country. there is enormous economic anxiety with all of the programs and the bailout's. those are things that he had to do and maybe a republican would have done the same thing. politically, the smartest thing for the president and his administration to do is to make whatever fixes you need and have a big entitlement spending deficit plan that addresses this anxiety about big government. that is a huge thing. it will not be exacerbated in the short term. >>

really the deal is how will gm and chrysler do? still, right a good sign in detroit. we'll take it. >>> here's other good news in a bad economy. one of the biggest problems in the job market, as we know, that small businesses can't get loans. and this sounds simple, but simplistic, but it's true. if the start-ups can't start up, you can't get a lot of job growth. most of the job growth in recoveries comes from small companies. help on the way from several quarters. first, goldman-sachs under criticism for other things like bonuses. they and warren buffett will invest $500 million to help 10,000 small businesses across the country. so that's one action point. second action point, the urban league also stepping in. they really give loans in, really, urban areas. for very small companies like barber shops, dry cleaners, also doctors' offices as well. those two action points. one talking point. today's president obama's economic team will meet on the same issue. >> very important as you told us before. small businesses comprise a majority, if not close to majority of our

i used to work for dimer chrysler and when the grass -- gas crunch hit, i lost my job. i went to work for home depot and then the recession hit. unfortunately, i lost my job there. now, my holiday spending spree has been reduced to zero. it is spending for bills only and trying to keep alive. on for sudley for me, the holiday spending spree was zero. i am worried about how the economy has affected me. host: there were a lot of sales yester day when shoppers went to the store for black pride. will you check those sales to see if the savings go up as we go further into the holiday season? caller: i am writing of holiday spending 100% pe. host: the next likely economic stimulus plan is "cash for greener washers and refrigerators." on the heels of the "cash for clunkers program, called the federal government is expected to complete details in the coming weeks of another shopping extravaganza known for -- known as a "cash for appliances." the program will offer rebates to consumers who buy energy- efficient refrigerators, dishwashers, air-conditioner, and other appliances to

the way, there's a difference between us and the democrats, and who just bought general motors and chrysler and spent trls to bail out big companies and vote republican, that would be a colossal failure. will will lose an incumbent now and then, but guess what in a two person race, the strongest candidate usually wins. and in 2010 we'll be stronger as a function of the intensity out there and yes, we'll lose perhaps one or two people we don't expect today but in general we'll be stronger in the ballot box because of the movement that is taking place around here. >> and let me have a quick add on. foreign polls usually doesn't matter too much to american voters. and i think that -- that the administration is likely to experience a string of conspicuous foreign policy failures on the arab -- on a palestinian israeli peace, which is a conversation that won't happen with iran, which by 2012, will either conspicuously have a nuclear weapon or an israeli attack on them. either, one, a mess for the administration. and -- on ukranian and georgia and the whole front with russia, russia is going to b

the way, there's a difference between us and the democrats, and who just bought general motors and chrysler and spent trls to bail out big companies and vote republican, that would be a colossal failure. will will lose an incumbent now and then, but guess what in a two person race, the strongest candidate usually wins. and in 2010 we'll be stronger as a function of the intensity out there and yes, we'll lose perhaps one or two people we don't expect today but in general we'll be stronger in the ballot box because of the movement that is taking place around here. >> and let me have a quick add on. foreign polls usually doesn't matter too much to american voters. and i think that -- that the administration is likely to experience a string of conspicuous foreign policy failures on the arab -- on a palestinian israeli peace, which is a conversation that won't happen with iran, which by 2012, will either conspicuously have a nuclear weapon or an israeli attack on them. either, one, a mess for the administration. and -- on ukranian and georgia and the whole front with russia, russia is going to b

could be used for institutions, very broadly across this country as widely as general motors and chryslercit and any other number of circumstances that we've already seen faced in our country. but again, as i understand the proposal, once the government acts, there is no limit, there is no limit on the amount of fund i funding that can be provided and there is no requirement that the institution must be liquidated. what that means is that when he literally be creating a circumstance in which we increase the potential for u.s. government and taxpayer interventions in the private sector when a company is failing with no limit to what the federal taxpayer can be asked to provide an no requirement that there will be a liquidation of the failing company. that, i believe, is a mistake, a huge mistake in development of a resolution authority. once creditors realize that the government still has this broad authority, there will be an increased hazard that there will be a rush to become those that are too big to fail, to become those that have the implicit government guarantee because those compan