right now chrysler has the money. think that is where the money will go to expand for fiat as we as alfa romeo brand will come back into the u.s. and but made overseas of the other big piece of this expansion is jeep. they will make jeeps in china, in brazil, elsewhere in asia. they're going to be making jeeps in a lot of places. italy as well. as you pointed out a certain political candidate in the last election said they will make jeeps in china and everybody said it was a big lie. they did make an ad said they were going to take away u.s. jobs. the jeeps made over there will be sold over there, only. that part was wrong. the making jeeps in china, that was dead on. david: that is all he said. got liar of the year award. turned out to be happening. jeff flock, appreciate it. good stuff. speaking of chrysler, it was u.s. tax dollars, you, who bailed outcries letter and now owned by the italians who paid a lot less for the operator than you contributed. who profited from the bailout? cheryl: alibaba expecting to be on

in its response, chrysler acknowledged stalls in its 2005 and 2006 chrysler 300, dodge charger and magnums were, quote, increasing after 55 months of service or 4.5 years on the road. the automaker knows about 1300 alleged stall incidents including four crashes and one injury and according to nhtsa chrysler was supposed to have notified customers of the potential hazard in january offering an extended fuel tank warranty and a fix but nearly 5 months later, when he contacted the carmaker -- >> chrysler says we don't have any record of this nhtsa thing and if you think it's a safety issue, you have to have your gas tank replaced to the tune of around $1,400-plus. >> reporter: chrysler hadn't even notified its own customers service employees let alone dealers or drivers of the stalls or the extended warranty. >> having said it's going to do that, failing to do it and then having one of those cars crash and hurt somebody, it is very vulnerable in a lawsuit. >> reporter: ben kelly used to work for the the department of transportation nhtsa's parent agency. even more concerning than the delay is

in its response, chrysler acknowledged stalls in its 2005 and 2006 chrysler 300, dodge charger and magnums were, quote, increasing after 55 months of service or 4.5 years on the road. the automaker knows about 1300 alleged stall incidents including four crashes and one injury and according to nhtsa chrysler was supposed to have notified customers of the potential hazard in january offering an extended fuel tank warranty and a fix but nearly 5 months later, when he contacted the carmaker -- >> chrysler says we don't have any recordth

chrysler hit a bump in the road. chrysler booked a $690 million dollar loss in the first quarter. the loss is connected to italian car company fiat buying the american automaker. chrysler had $1.2 billion dollars in charges winding down debt and financing payments to a health care trust for retired autoworkers. the new company is fiat chrysler automobiles. minus the costs.... chrysler earned $486 million on strong sales of pickup trucks and jeeps. the company is backing its forecast for the year in today's cover story--if general motors' suppliers are unhappy--could that spell more trouble than g-m has already? a survey of suppliers to the top six automakers say general motors is their "least preferred" customer. but the reasons that drew the most criticism are not couched in such mild terms. companies that make parts for general motors vehicles give gm low marks for "trustworthiness," "communication skills" and "protection of intellectual property." "gm's coming out of bankruptcy. it's trying to keep costs down and that gets passed along the supply chain." the annual survey by au

what else is working for chrysler right now? >> they've had 49 months of year over year sales growth, so that's good. i think what they have done is they've tried to expand into different markets. there still is pent-up demand, they've been successful there. that will not work forever. theys only need a brand renaissance. the jeep has been compared to chrysler doing doing very well. the world really wants suvs, places you wouldn't expect want suvs. jeep is primed to take that here in the united states and abroad. >> i'm curious to why jeep is doing as well as it seemsingly is. >> you've got new models, tyler, but my recollection is on some of the measures, they don't score particularly well. >> they're better than they used to be. that's the bottom line. they used to be really, really down at the bottom when it came to reliability, and frankly in terms of styling, you would get into a jeep about five years ago and say, i like it from the outside, i don't like it on the inside, and i don't like the way it drives. you look at the

so as chrysler goes forward into this new world, they have stability at the top.hey have someone they know, and someone who is quite blunt so i don't think he minces any words about anything. but that's a nice form of stability for chrysler. >> that's interesting to hear after the fact when you saw the folks who were running chrysler before when they tried to sell it. >> exactly. it was -- yeah, definitely a bold move on fiat's part. they didn't have to put up any money at the beginning. so it wasn't that much of a stretch for them. but now it is paying great dividends. jeep and chrysler sales have been up for months now. >> thank you for havie-- being with us. >> thank you, ali. >>> seattle is about to give 100,000 workers a raise, but i'll talk to a man who says minimum wage hikes won't solve anything. plus making the grade or not. a scandal uncovered at one prestigious school. >> the debate that divides america, unites the critics, a reason to watch al jazeera america the standout television event borderland, is gritty honesty. >> a lot of people don't have a c

jeff flock at the chrysler headquarters. what do we know? jeff: the second biggest office building in the world outside the pentagon and plans to match it. one reporter called this a virtual firehose of news. extraordinary. we will show you sergio marchionne, the ceo of fiat chrysler automobiles been something no other automaker does, which is essentially lay out targets for the next five years. where they will do it in the world, nobody else does that kind of a thing. very plainspoken saying mediocrity is not worth the trip, and a lot of his minions also very plainspoken. one thing that is tie a big parf the strategy, the head of powertrains with electrification today. electrification is overblown by the media. also telling what brands are going away or what models are going away. the dodgers even though it has a second test and in the u.s., that is going away. taking it over, the dodge avenger also going away. being repositioned as a performance brand, pony cars, chrysler will be competing with ford and chevrolet as more mainline. you ment

chrysler's big comeback and new image problem for gm. a new widely watched industry survey ranks gm the worst automaker. first to sue at the new york stock exchange. >>> and we have a rally on the street, ty, the dow hitting an all-time high. dow jones industrial average last traded up 92 points. we have been up triple digits several times during the says. transports a new all-time high, a 1.5% up for the trannies. the s&p 500 intraday high up, nasdaq is up almost 1.5%, so the transports outpacing it on a percentage gain, but not by much. a ten-year yield is down to 2.64%. bob pisani is here to gives you the trading action where the bulls are firmly in charged. >> it's an -- why are we you will today? we shouldn't be up. they hate this rally. let me give you three or four reasons. >> they're very curmudgeon-y today. >> they've been that way for years. the biotech names, the nasdaq, internet index, a lot of shorting going on in that space when this kind of move happens, 2.5, 3%, you get short covering going on. there's been concerns about

chrysler was supposed to have notified drivers back in january. now, following our investigation, both the government and chrysler said that final notices to drivers went out yesterday. today we find that's not the case. chrysler admits it will be another week at least before it begins to send out notices. so far, more than 1300 2005 and 2006 chrysler 300s, dodge chargers and magnums have reportedly stalled on the roads. chrysler had extended the fuel tank warranty to cover the fix. >>> palo alto-based tesla lost nearly $50 million in the 1st quarter. that's because costs are up as the electric car company expands its line-up. but tesla says revenue is up, as well. shares are down 7% in after- hours trading. meanwhile, tesla says california is back in the running for that massive battery plant it starts to build this year. it's looking at nevada, arizona and texas. >>> linkedin is reportedly eyeing a site in mountain view at shoreline boulevard and 101 for its next major expansion project. len ramirez is live from there tonight. len, the company s

fiat chrysler is famous for its gas guzzling jeeps. rivals toward the all electric or hybrid route? think again. it is taking a different approach toking fuel efficiency. we'll go to a brand new fiat chrysler plant to see exactly what the ceo is saying. that is coming next. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or wheeeels? everything exactly the way you want it ... until boom, it's bedtime. your mattress isn't bliss: it's a battleground of thwarted desire. enter the sleep number bed, designed to let couples sleep together i

. >> i'm sure you have been following fiat and the combined chrysler fiat. theu think strategy he is trying to put together and execute at chrysler fiat? >> i have to tell you i have what sergio has been doing with amazement. he is in a class of his own. amazing performance and a bold move to acquire chrysler's when the industry was on fire. .is strategy is proven to work if i would have told you 15 so chrysler, can that would have never worked. in today's market, it does. you can get away with it. his results speak for themselves. so he has to be right in what he does. i am more than impressed with what he does. peopledustry has a few that are such outstanding leaders, alan mulally, elon musk, sergio, these guys are just true great entrepreneurial managers. >> my thanks to victor muller, the chief executive of spyker cars. you don't want to ruin your camera? i'm going to speak the chief executive of contour on building a camera that can take a beating. and the president of the growing restaurant chain tilted kilt. we will learn about his success and why it

even though chrysler saw gains i want lost a ton of money. fiat said the deficit was due to costs related to the merger. if you take those out net income for chrysler was nearly half a billion dollars. >>> chrisser, ford and general motors all faring poorly in relationships with auto parts suppliers. more than 400 suppliers were asked about their overall relationship with the six biggest carmakers in the united states. toyota, honda, nissan top marks followed by ford and chrysler. general motors was that's. meantime attorneys for the parents of a georgia woman killed in a car crash linked to general motors faulty ignition switches are refiling a lawsuit against the automaker even though they already settled the case with gm citing the admission by gm's ceo that an engineer in the case may have lied under oath. >>> some of the nations biggest retailers are out with earnings later this week including walmart, macy's and jc penney. some are warning the steep discounts and other promotions may have a big impact on their bottom line. courtney reag

i can always find just dozens of memoirs by men--how i founded general motors, how i rescued the chrysler corporation, how i discovered dna--which will maybe inflate the power of the narrator to control his own destiny considerably. but on the other hand, it'll be a working, sort of, road map for a young man to think about how he might plan a future. but if i am talking to a young woman, who's just finishing college and thinking about her life ahead, there are really very few memoirs about a woman's education that will help her think about it, and also, very few that deal with how a young adult woman sets about planning her life. and so i wanted to write a story that would be a useful kind of road map for somebody going through that process of graduating from college and thinking about the future. and so that was a second important motive. and then the third one was feminism today is expressed in rhetoric that's being so politicized over issues like abortion and the whole question of pornography, that most people just switch off. so i wanted to talk in a narrative voice that drew the read

we would not have saved chrysler if we had someone like chrysler step in as the ceo.e day i mettle, i thought he was an impressive ceo. here's an important lesson, how one guy from one huge company can make a huge difference. that's what sergio did. >> you told me before we went on, this was the process of fiat and chrysler coming together, it was like a dating process. you knew almost immediately. >> it was a day if process. people would set up a mind day. i get calls from bankers when i took the job saying you got to meet the guy. i didn't know who he was. he was trying to find me. he knew chrysler was a perfect fit for fiat. finally, we came together and got married. >> given the fact we have chrysler running at fear xavths you got ford and general motors running on three shifts for most of tore claims. is it time for the auto makers to start adding more lines, more plants, or do we run the risk you have too much capacity here in the u.s.? >> i think one of the queens of the auto rescue, which i confess we didn't fully anticipate was the way of taking so much capac

fiat chrysler's ceo going a very different route.the way, you're looking at video -- okay, how often do you see this, a ceo getting hugged by members of the uaw in detroit in the auto world. well, guess what? it's happening right now. fox business cameras caught it. sergio getting the bear hug from our own jeff flock. the real story at a new fiat chrysler plant in tipton, indiana. he's got the tip, stay tuned. ♪ ♪ (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. they're the days to take care of business.. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the wee

general electric, home depot, chrysler among the companies. we have a lot on the agenda, including american companies leaving the u.s. to avoid paying taxes, solving gm's problems, and who should be leading america's retailers? bob nardelli is with es, he's in the house and will join us after a very quick break. lots to talk about. we're back in a moment on "power lunch." how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. cozy or cool? "meow" or "woof"? exactly the way you want it ... until boom, it's bedtime! your mattress is a battleground of thwarted desire. enter the all-new sleep number classic series. designed to let couples sleep together in individualized comfort. starting at just $699

chrysler may want to aim at kind of a mainstream american. it is also not low cost, so they are going to make that the mainstream brand for middle america, and then dodge, and one.r, sportier take away some segments but make it kind of an edgy brand. interesting, but a very ambitious plan. >> bloomberg's matt miller in michigan at that fiat meeting. and coming up, pledging money to support veterans. i will speak to the vice president of global philanthropy about that and efforts to help american veterans and their families. ♪ it is time for today's latin america report. with just over one month until the world cup kicks off in brazil, we paid a trip to the adidas innovation center in germany. the sportswear brand is the official partner of the tournament, and we found out what goes into making an iconic tournament football. >> for football, the fans, the players, they are very emotional. symbol of the, a event. let's talk about brazil. the official match ball of the fifa what he 14 world cup. countries,ayers, 10 with 26 different teams. the b

ceo of newly created fiat chrysler. we knew he wanted to show us that he had some big ambitions. tell you, he certainly did that. because according to him, the company will see global sales rise by nearly 60% as the company rebrands towards more luxury cars and also increases its focus on sales, no surprise, in asia and latin america. let's look at the key pillars of his new strategy. they include to sell nearly 2 million jeeps in four years' time. that is certainly more than the double of 732,000 jeeps it sold last year. to invest $4.2 billion in the relaunch of, yes, the old alfa. the alfa romeo comes back with eight new modelmodels. it's going to drop the dodge mini van from the lineup. it will start to build jeeps in china and brazil. more details now from new york. >> reporter: back in the '20s when chrysler was helping define the american middle class dream, they probably didn't imagine a future with an italian firm and its flamboyant boss. but here we are. sergio maccioni, smooth talking chief executive of the newly merged fiat chrysler and his plans to steer the company t

problems with a million and a half ford and chrysler vehicles >> coming up a response in washington. here in the bay area. >> and better late than never. a wrinkle in motherhood. abc7 news >>> developing news out of arizona a pilot is unscatheed after this happened. his military plane crashed in the deserts south of phoenix jet went out around 3:00 this afternoon after experiencing engine trouble. you can see charred wreckage. the jet and pilot out of the air station yuma. he only had a small cut on the nose. >> two weeks ago a teacher flying from half moon bay to amador county. a report says the hawker was trying to pass the cessna. as the hawker passed he heard a thump then saw the cessna go down in the bay. the pilot david plum was killed the hawker has damage the pilot and wife were not hurt. >> a new admission is raising concerns about unmapped aircraft in u.s. skies. saying a jet nearly collided by a jet in march. word made public for the first time at a drone conference yesterday in san francisco. >> outrage over the kidnapping of nigerian school girls is expected to fuel a gr

>> a long fiat chrysler. >> tomorrow, a five-year plan. it is timely. they have not been doing very well now, have they? >> they have done quite well. the original five-year plan, the thing that people do not recognize the came out in 2010, they could not have foreseen the 2011 european crisis, so obviously, targets were missed, but he has done a great job with chrysler in north america and a great job of growing the maserati business, and i believe that the top line earnings do not fully reflect the total earnings power of the business. >> why is that, because fiat was a big guy, but if you look at european auto sales, they suffered, and they do not appear they are going to be getting any better, so where do you see the big opportunity? >> fiat has outside exposure, which has been one of the most hit markets, but the reason it happened was because of the complete lack of credit availability for a number of years. i think it will drive our recovery in the italian market. >> do you think they can make out for alfa romeo like what volkswagen did? they do

new at 6:00, firstg, then chrysler. now, we have learnedover catastrophic failures in some ford vehicle -- learned of some catastrophic failures in some ford vehicles. >>> if i had to hand grade them, it would take up to six hour us. >> instead, teachers getting high-tech help from so-called robo raiders. how the time saving tool might hurt your kid's education. allen, liz. >> we will see you again in 30 minutes. thanks for watching us at 5:00. scott pelly cbs evening news up next. >> remember, always the latest news and weather on kpix.com. who contro half a million personal computers. elaine quijano has the story. u.s. marines are ready to rescue americans as security crumbles in libya. david martin reports. deborah patta questions a boko haram terrorist about the 200 schoolgirls held hostage. >> reporter: if the government does not release boko haram prisoners, will the girls be killed? >> pelley: and in this season of graduation, wyatt andrews discovers a well-seasoned graduate. >> no matter how old you are, the wor

david faber in d.c. >>> coming up on the show, an exclusive with the ceo of fiat chrysler.gm and the state of the auto industry five years after the bailout. financial noise financial noise financial noise financial noise predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. beautiful day in baltimore where most people probably know that geico could save them money on car insurance, right? you see the thing is geico, well, could help them save on boat insurance too. hey! okay...i'm ready to come in now. hello? i'm trying my best. seriously, i'm...i'm serious. request to come ashore. geico. saving people money on more than just car insurance. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer c

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>> he did get access to chrysler's cash. that was a huge part of the whole deal. he is expected to announce that he will spend at least that much over the next five years to achieve this plan in china, making out phil roe mayo his audi in the u.s. -- making alvaro mayo -- i'll phil roe his go to inromeo the u.s.. it might be an ipo auction for for now he is expected to go it entirely alone, do everything internally, possibly later take loans linked to another share sale. there will be some details about that, a lot of investors here in the plus loan where the meeting starts. >> matt, we will see you in a little bit. street, the 19th annual conference about high-profile money management, there is investment. everyone was in attendance. highlights, what stood out for you? >> we saw the biggest move from the last presenter of the conference, david einhorn of green knight capital, who said that he was shorted to become the internet based business service to physicians. he said that there was nothing against the company, that it was just in a bubble right now and it co

i asked why in the world did you allow that plan go through and chrysler ends up in fiat's hands, fordministration is scared enough. if they wouldn't have forced this to happen, everybody would be out of the car business. >> you worry about the precedent that was set because we're bailing out college loans and everything else. it hasn't stopped, has it? >> it hasn't stopped. it gets worse, and we have got to get the government to go through withdrawal and stop playing in the private enterprise business. >> congressman, thank you for visiting us. this memorial day week, let's focus on the heroes who are very much alive and counting on us.at ! you ain't lying! let quicken loans help you save your money. "i've still got it" when you think aarp, then you don't know "aarp". life reimagined gives you tools and support to get the career you'll love. find more real possibilities at aarp.org/possibilities and the award goes to ceramics house. congratulations. thank you. the success of your small business depends on results. go vests! all organic, and there's tons of info on our website. that's

italy and brazil but also due capitalact that the structure is highly inefficient, and with the chryslercquisition, what they have done in the rearview mirror, looking at the capital structure and a net interest cost of about one billion euros per year. >> do you have a price target? >> 1650. -- $16.50. >> all right, back to you. >> u.s. attorney general eric holder is signaling that he might be ready to press criminal charges against some egg banks as they shift away from previous department policy at the justice department. what do we know so far about this new effort? >> well, the interesting thing today is that the attorney general came out in the video roasted on the justice department website, saying he is overseeing cases that could result in criminal charges for thanks. we have known for couple of weeks now that two banks in particular, credit suisse and bnp paribas, were facing something like this from prosecutors. it is very rare that the attorney general would come out and talk about the possibility of it with ongoing cases. he did not specifically talk about these two compani

charge,e a one-time buying part of chrysler from the united auto workers.s what is remarkable o sergio as everyone seems to call him. he is a ceo with a first name. how a patientle is in light of what can only be read as disappointing quarterly earnings. he is looking to china, he is looking to south america. not so much to europe. it is an american sort of confidence. it is always about the future for him and we will see if investors believe it. >> he also dresses like jack kerouac. thank you for the update. brazilian beast and a russian rough patch. ♪ >> welcome back. i am francine lacqua. this is "on the move. carlsberg reported that the russian demand evaporated for carlsberg. we are joined by ryan chilcote. you have been drinking in the numbers. jokes aside, if you look at carlsberg, they have a tough this is because they are exposed to russia. >> that is right. the stock has been all over the place but it opened down. the reason is they said they are going to make less money than investors thought they were going to make. they warn investors that they

fiat/chrysler met with reporters near detroit and talked about boosting deliveries and for chrysler to go public in the u.s.. hope that weincere achieve our goal by october 1. my chief financial officer to my right reminds me of all the concerns he has of making that deadline. i am incredibly respectful of the function and i listen to him and i say we are still going to try. he does not like that as an answer. the listing process involves clearance with the sec and once we clear those hurdles am a shareholders meeting for fiat and go ahead with the merger. >> it will depend on market conditions as well. -- third front-page story disney is red hot with "frozen" sales. first-quarter profit is up 27% of and by "frozen" dvd and merchandise sales. 200 and $39 for the dress? >> i thought it was like $1500 for that dress. >> it's a major source of debate. "frozen" will now be a broadway show and part of the theme park. >> can you imagine the first meeting they had on this moving? >> those are our front-page stories. >> we have so much to cover. days and counting to what will be an election in

affected grunt care and and chrysler town and country. a lawmaker wants to replace windows which is on the driver's side which can short circuit of the get what did >> : company says it knows the incidents related as much as does not know if this is have caused any injuries or accidents did >> : right now to be tough to get what such as beverage right where warm conditions as " the trend will continue as the next three days or stay on sunday looking ahead of the warming trend only going to continue throughout the work week. downright caught by the middle of the week for now ones picking up 20 mi. an hour or the stars and the oakland hills conquered his 15 vallejo 22 the wednesday to picking up for this evening also want to bring some fog as well for more safar should burn off by early morning 66 and served as was done in oakland 67 for their word 73 conquered the goes for any act as well checking a 74 year after high. >> : some bear on the base for tesla sunshine all is too weak, possibly triple digits by wednesday >> : in sports garry ha

looking on whether there is a new ignition switch defect involving older dodge ram pickups made by chrysler. there've been three reports. one incident resulted in the death of a child according to investigators. google, intel, and adobe have agreed to pay to settle an antitrust lawsuit. lawyers are seeking approval of the deal. >> thank you. according to a recent consumer reports article, talenti was rated one of the best ice creams with less calories than its competitors. revenue was 2.5 million dollars pre-2013, sales soaring to $100 million. projected to reach sales of $150 million this year. i'm joined by the chief executive officer, steve gill. thank you for being here. you are a hero to the studio. you brought varieties of talenti. tell us about your involvement with the world of ice cream. >> thank you for having me. i joined forces with our founder in 2008. it was a match made in heaven. josh started a company in 2003 as a single gelato company in texas. he had changed into a retail brand being sold regionally. my business partner said we were in the process of selling vodka in 2005

chrysler already has dodge and fiat, so now their hat is getting handed to them.ow they have a foot in there. >> that's an interesting perspective. >> we talked about buying it before earnings, an excellent run-up. wait for lower price, but long term apple is going to crush it. >> skullcandy, what do you think? >> skullcandy is rallies, the market is misinterpreting this. the story is not about headsets. skullcandy does not look good to me. this story is about streaming. i wouldn't do nick -- >> i disagree, jimmy. >> if i had a gun to my head, i would sell it. >> i disagree. i think it's cool skullcandy i think is interior to the beats, but someone will buy them and they'll go higher. i they people are trying to get into the younger stream, and skullcandy is one tier lower. >>> jeff, i'm going to start with you, google? >> yeah, google, i want to sell short term. i think what google is doing is a phenomenal company, but i think right now it's had a great year. three years up 100%, so we have to will et it come back a bit. >> google is caught in the headwind of the

"countdown" starts right now. >> the italian job, chrysler gets that time makeover with a new logo andan. going global. will the ceo drive up sales and profits? facebook million dollars video ad challenge. an audition like none other. when thewe will tell you what id this unusual move and whether advertisers are willing to take this. and illumination, it is the energy of flowers. plus, can it out bloom big boys like ligh white hundred flowers? we talked the startups cofounder. "countdown to the closing bell" starts right now.

chrysler was up by 14% and toyota, up by 13%. one of the big themes here at the shareholders meeting is always value investing. looking for equities that trade below their value. joining us now are two of the best known value investors out there. mario gabelli and david winters, wintergreen advisers ceo and gentlemen, thank you both for joining us. >> great to be here. >> quickly, some broad thoughts on the market and economy. we did get jobs numbers that showed conflicts signals and mario, i just wonder when you add that up, what does it tell you about the market? >> i think the market is adjusting to the prospects that yellin will at some point, accelerate the tightening of the monetary supply and hopefully, hopefully, we get after the election in november, the fiscal dynamics in place. >> we also heard from janet yellin this week, david. she's talking about another tapering of $10 billion a month again. you think the fed's going at the right pace at this point? >> i think she's being very responsible central banker because you

for detroit's big three, the big winner was chrysler which had its best winter ever.es in the general division up a stunning 2%, sales at general motors still rose 7%, but sales at ford were down a fraction on wall street, stocks mirroring the figures with shares at gm a bit higher and ford just a bit lower. >>> and despite that slight selloff, ford motors made big headlines today announcing who will take over for ceo alan m mullaly when he steps down exactly two months from today. phil lebeau has more on what lies ahead for ford. >> a big day in the auto industry as ford motor company announced the succession plans for alan mullaly who steps down july first, and will be replaced by ceo mark fields, who says he has no plans to alter ford's business plan in the near future. >> our one ford plant has served us so well over the years and will continue to serve us well. >> field has run the day to day operations at ford since late 2012. but why did ford finally decide he was the person who should replace mullaly? the chairman 1ed it was all about finding the right person

the same time as a to go back to the previous photo was made on about that due to the bailout of chrysler and gm. i oppose that. because i see a few it every time the businesses is in trouble the government. it just comes in and prevents it from going through how many have seen is a sore arm by that even if that is if she is structurally they know that that they did the position of the company. we've seen its market that hasn't changed if it's the way that their union and management really still it means means that productivity is low and and and um you know profits are high enough or or or it did demand is is i'm anti supply is far outstripped by the mass of the one buying what you have um they just would just be bailing out a company walter who wants to solve the underlying problem um and and this copy of the european court nation and i think that that that sounds great if it is to oust him and and and as a member of one and think along those lines. but if there's clearly a reason why allison shareholders and the effigies shareholders prefer working together as opposed to the men's they

anotaciÓn de chrysler. sÉptima entrada y segunda base. lÍnea.serÁ a las 7:30 en el estadio de san francisco. >> ya este sÁbado tendrá equipo completo. como ves a la selecciÓn ya de cara al mundial? son pocos dÍas. >> es momento de empezar a pensar en el primer rival, que es camerÚn. >> ya regresamos. no le cambie. ♪ ♪ >>es recordamos que desde junio serÁn las elecciones primarias aquÍ en california. las urnas estarÁn abiertas de siete de la maÑana hasta las ocho de la noche. recuerden que su voto es su voz. las cifras muestran que la mayorÍa de sus empleados son hombres blancos, reforzando el estigma de la compaÑÍa de tecnologÍas sobre la falta de diversidad Étnica y de género. y para centroamÉrica no sÓlo cuentan en un 3% de los empleados. no son de raza blanca. y entre Éstos, 30% son asiÁticos. el magnate de internet atribuyÓ a la falta participaciÓn de las minorÍas en carreras relacionadas con la tecnologÍa. otra cita de impacto, gracias. ♪ ♪ >> es jueves 29 de mayo de 2014, estos son los titulares: millonario compensaciÓn para un hispano gol

the museum has reportedly reached out to gm, ford and chrysler for help. all are said to be considering the request. there are critics of the proposal -- several creditors - including the u.s. government- filed objections with the court. the bankruptcy judge will hold a hearing on the matter in july. coming up.... will soda stream fizzle out on earnings? one trader's prediction. plus... buzz kill. why the lunch hour isn't what it used to be. we'll be right back! the days of the power lunch are slipping away as american employees give up their lunch breaks to run errands or catch up on work. darren tristano of technomic is here and you are a restaurant consultant. do you see signs of the power lunch going away? > > we sure do. we see americans are very time pressured today so they don't have time to go to a full- service experience and as a result brands like chipotle fast casual have done a great job providing meals that typically americans are eating with one hand on the wheel and one hand on the burrito. > > people just don't take that hour any more so w