chrysler, 4 million vehicles. kata forhan rely on ta replacement inflator's, we will turn to trw. 4 million vehicles where the replacements will come from trw. the customers who have come in, chrysler, who says it is 50,000 they are going to contact of those customers and say, come back for another fix. we are going to put a trw airbag in your car instead of the t akata replacement. a essentially confirmed this is related to ammonium nitrate, the chemical propellant that is at these various investigations into what is causing this. and they think it may be unsafe propellant isical a better choice to go forward. forne: thank you joining us. we'll take a more detailed look at the story later on. we want your opinion. let's take a look at some of the other stories we are watching. in focus. alexis tsipras returns to brussels to meet with the heads of the european commission. ecb and the international monetary fund. this amidst protests. prime minister sing alexis .sipras faces a bigger task a few hard-line legislator

you do see chrysler's stock down a little bit.eneral motors up a little and ford really close to little change. the interesting thing is when you take a step back and look over the last 12 months, gm up about 5%, for down about 5% but really looks like not a lot of movement on incredible performance where it is 17.3, maybe 17.5 million annual average units sold for the entire industry. of course, these two are reaping big gains but not as big as the gains of chrysler. if you take a full look -- a look at a full chart of chrysler, it is up 80%. a lot of money for john alcon and family because he is sending a ton of jeeps. jeep has sold more cars in the year than months this it has ever previously. the brand is doing incredibly well and trucks are doing incredibly well because of low gas prices but also because technology has enabled these cars to be incredibly fuel-efficient and get more than 20 miles per gallon in highway miles. some small suvs like a jeep renegade are getting more miles per gallon, more than 30 on the highway whi

fiat chrysler's stock is up 32% over the same time period.lebeau nightly business report chicago. >> day of the liston joins us to talk about gm and whether or not he thinks the deal is the answer for gm stock. he is the senior auto equity strategist at morningstar. david, thanks for joining us. we talked about this merger potentially for fiat chrysler and gm and the stock has been stuck. will this help move it? >> gm stock? honestly i don't think so. because there's so much let alone something of this size and gm's history is checkered and ugly and things such as the joint venture in fremont, cali and most recently with peugeot, saab and sud not a good history there at all and i'm not necessarily sure the market would welcome this merger. would the talk of it give the stock a short-term boost? just a buzz. >> i'm sorry, can you say that again? >> can just the buzz the talk of a possible merger give the stock a li >> well, without gm tying up with fca which i don't think they need to do at all. i think they need gm far more than the other way

gm chrysler fiat, should we also first gai who are not the fiat chrysler deal worked. >> the argumentock would be that it has gone pretty well, i know, marchionne has done a great job there company in better shape than it was he wouldn't be bad piece but you get too big at some point gm is focused on its own plan. >> gary kaminsky. >> chrysler has done remarkable job in this terms of turnaround jeep brands legacy brands the issue that we talked about earlier is that general motors stouk most of the time owned by hedge funds indices closest indices so important to understood sergio understands who shareholder base is here hedge funds, have been pushing for more rapid changes there so he has a very good audience, to want to listen to what the benefits are here so this is not going to go away. >> would probably like this to go away my guess going to get one of two major activities flooded, by the way, with cash coming in when hymn fipdz most activist put this to o work. >> 200 billion dollars in activist funds a new asset classy i think all is extremely interesting the timing of it conce

the ceo of fiat chrysler.s been courting gm shareholders, talking about hedge funds that have a stake in gm potentially activist hedge funds about the possibility of a merger. gm said it's not interested in a merge er merger with gm and fiat chrysler. mary berra saying we have a plan and plan to execute that plan. take a look at the dimplevergence between the two stocks. morningstar sent me a note. part of the rise for fiat chrysler is because of what we've seen with the euro in terms of its costs and how it's benefited there. the other issue coming into play here is when you look at where fiat chrysler is in terms of its execution, sergio marchionne is better interested utilizing the capital this company has in the form of a merger. that it's divergent. don't expect gm to talk to sergio any time soon. >> it's new to the market. up's interested why they ended up at gm? you will know it's no secret sergio was shopping fiat chrysler to anyone who would listen. why has he ended up at gm's door with this force? is

the free chrysler -- the yacht chrysler ceo made the offer in an e-mail.e is pressing for consolidation and the auto industry. the general motors ceo says its own plans can generate more value than a merger. american is the latest airlines to cut revenue forecast. the carriers announcement follows a similar revision last week by delta. americans as revenue each will fall 8% in each quarter. that may reinforce concerns that market made air getting weaker. this box if slumping pointing towards a larger losing streak and more than six month. and call it and call it netflix style and often. kellogg's wants to start a subscription snack service. they have assembled a team and invested in a direct to consumer food business. lastly, general mills ended its offering after 18 months. another disaster for fee five. fifa. this time it's at the movies. million passion project only made about $900 over the weekend. this is according to the ap citing someone who has seen the box office data from the 10 meters -- theaters. tim roth stars as the party president set bladde

scarlet: general motors tells chrysler it will pass on takeover talks. mark: and he's the man who made history at the belmont stakes, guiding american pharaoh to winning the triple crown. he will join us live in the studio. mark: good afternoon. this is market day and i'm mark crumpton here with scarlet fu. scarlet: let's get a look at the markets -- it's kind of boring and equities right now. the dollar is rebounding but we are in search of a catalyst right now. and consumer sentiment are due out later this week. if we look at treasuries, we have resumed a selloff with prices down and supply pressure this afternoon. this afternoon, there's 58 billion dollars in bonds being auctioned off when investors are expecting higher interest rates. the dollar trade is kind of a mess -- not much of an overarching trade. high trading at a 12 year versus the yen and recoup some of yesterday's weakness against the euro. a man whonterviewed oversees chief equity strategist who says equities are struggling to maintain their swagger. let's get a look at some of the top s

chrysler going great guns, he got chrysler for a fire sale. given 20% of the company. the question is whether he's been using that money to keep fiat alive. >> you can't blame him. playing by the rules he's been given. might be frustrating to the american taxpayer. david: remember american taxpayers were on the hook, it was about $2 billion all in that we gave chrysler in the bailout and essentially you wonder whether there needed to be bailout, if it had gone through regular bankruptcy because it's doing well right now. melissa: absolutely. great point. alibaba chairman jack ma laying out strategy for competing with amazon in the open market. he spoke in new york this afternoon. jo ling kent was there. what did you hear from him? >> reporter: jack ma revealed more plans for alibaba pitching hundreds of the very top business ceo's and executives in new york. first news that we got from him. i spoke to ma and he told me he has new plans to open brick and mortar stores in china within the next five years. this is a big move for e-commerce company, right? the inventory wi

we have news on his chrysler and ge. it is -- everyone wins.ve heard that before. the brazilians by america's iconic catch up. living on the edge of synergy and yet it always ends badly. bob nardelli, are we there yet? guest: there is a frenzy. money is relatively cheap. corporations are desperate for growth. driving earnings-per-share are nation of stock buyback and acquisitions. 76% of the corporations are going to do an acquisition in the next 12 months. tom: how will this end? guest: there are two points. ending ugly. if it is, that it is a huge competitive advantage. if you think that you are done when you close the deal it will end badly. tom: that brings us to a different kind of merger. a chrysler fiat, i guess gm. you have had this conversation before? guest: we went through this during the bankruptcy period and 2008 and two to nine. we put on the table part of the viability plan to geithner and steve ratner and the whole group. we showed a $10 billion productivity improvement. we were not talking about illuminating labor, we were talk

chrysler made sales up 4%. talk about auto sales is matt miller and jamie butters happens to be in new york city as well. >> i feel you do not like to say monster truck rally because you do not appreciate the genius of that. erik: i prefer the radio advertisements. matt: sunday, sunday, sunday. the seasonally adjusted average selling rate is up, but the action -- actual sales rate and units will be down. people were like, how could that possibly be. there was one fewer day this year, so that explains the discrepancy in those two numbers. >> it is even harder in michigan to buy them on a saturday. you cannot buy them on a sunday. dealers are not you cannot buy them. nowadays, people shop online, and people got a lot of their shopping done sundays even if they cannot do the transaction. klassen those people are buying a ton of trucks. they continue to do so. it has been a trend i thought just since the recession. i set imo is shocked to hear that people buy more trucks. i looked at the longer chart, back 20 years

chrysler came in 4%. the best may in ten years. there is a ton of news regarding cars today. >> fiat chrysler is doing so many things right. marcione distinguishes himself as the person who most gets it. i saw ford the other day. still can't produce their best truck, the f-150 at a level they want to. >> they've got frame supply issues. >> that's just killer. when we look at this year we'll see fiat pulled off maybe the steal of the century. they put together an amazing car company with tremendous momentum. taking share. fantastic turn. >> we'll hear from other automakers this morning. we are talking 17.3 million is the estimate for this year. that number is-0 i remember that number from years. that's a good number. >> i saw an $18 million figure yesterday. 18 million unit. i've got to tell you, if we are doing 18 million units, you've got to buy everything related to autos. that was extraordinary. this is the strength. we are seeing it we saw different federal reserve numbers and so many numbers aren't good. auto line? autos are f

fiat chrysler are ceo is looking at candidates for a merger as the chances with a deal with gm are fading. let's get the latest on this bloomberg scoop from chris in berlin. what are we hearing about marchionne's plans? >> we are hearing that he hasn't quite given up on gm entirely. he has advisors that are canvassing investor interest to see if he can put some consortium together. investors shareholders, that might force mary barra and the management of gm into talks. that is a tough consortium to put together.

it also covers chrysler and dodge stratus cars that mitsubishi made for chrysler. five people have been hurt. donald trump is threatening to sue univision for beach of contract, the biggest spanish-language broadcaster is dropping his telecast of the miss usa pageant, trump is part over -- owner of the organization that puts on the contest or univision's upset with trump after comments about mexico and immigrants during his presidential speech last week. pbs is postponing a season of its genealogy show finding your group -- this move comes after it was revealed that ben affleck pressure show producers to leave out details about a slaveowning ancestor. this series violated network standards by allowing improper influence the network also says it will not air new episodes until the show makes some staffing changes. coming up, inside the church at the center of the international attention, the historic anniversary for saint matthews and the big name kellye: north of the mall stands a church celebrating an anniversary. we go inside the historic st. matthew. reporter: i

the issue becomes whether or not general motors is the right partner for fiat chrysler.rra at the annual meeting today was asked about whether or not gm and fiat chrysler maikz make sense. certainly in terms of scale and in a number of other ways. she doesn't think it makes sense at this point. swheerz h here's what she had to say. >> we have scale. we've leveraged the appropriate opportunities where we can benefit from co-development. that's something we've been doing for several years. so when i look at it the focus that i have is truly on the general motors shareholder and making sure we execute our plan. >> and again, that plan does not include fiat chrysler. remember, sergio marchione, he sent an e-mail to moory barra saying look, there are some synergies, we should look at this and the cross-savings could be enormous for general motors. but gm is in no position right now to take on fiat chrysler at least in terms of the desire. it's not there. and i don't think it's going to be there anytime soon, melissa. >> phil, thank you. well, it's uncollar at this point which

fiat chrysler had its best mate beatingcade, up 4%, estimates. sales of the chrysler 200 scythian sword. ford fell last month. lincoln was up almost 4%. greece plus creditors have --ched an agreement to un to unlock bailout. hans nichols is in london with more. hans: we have had a whirlwind morning. there weree heard five liters. mario draghi, lagarde, merkel, hollande, they worked late into the night. they now have an agreement to send to greece. alexis tsipras said independently that he would send his own proposal to his creditors. we have dueling proposals. the euro was gaining strength, and through this you had jeroen dijsselbloem leading the eurogroup who said we are not making enough progress. then, the euro dropped. you cannot leave jeroen dijsselbloem out of the conversations. he is one of the most important finance ministers, and he is saying no deal. the creditors were not simply capitulate. erik: i would call that a reality check. thank you, hans. of 3/10 of acrease percent is positive news for ecb policymakers. a deflation scare force

sales of the chrysler sedan sales dashboard.ell last month but not as much as much is expected. ford brand down 1%. meantime, nissan sales also felt less the next active. a scary moment today at the open. security guards evacuated scriptwriters, more than 200 underneath a giant these greens where a large piece of metal paneling fell, slightly injuring three fans. they cordoned off the seating tape.ith red and white strong winds rolling around paris all day. the quarterfinal match temporary but it didd it, resume a short time later. ellen says she will appeal her said high-profile gender case in silicon valley. jury rejected claims she was discriminated against as a junior partner at venture perkins.irm she said she was subjected to a charged atmosphere and was fired when she complained. she is now the and around ceo of credit. these are your top stories at this hour. we will stick with the gender diversity. google just updated the statistics. taking a look at what has changed and where google still needs to do some work. ♪ scarl

brianne: the four people inside the chrysler were trapped. a passenger yet to be identified died at the hospital. the other three people were taken to the hospital with serious injuries. >> people don't care about one another today. bad situation. brianne: this intersection is covered with cameras. investigators have been poring through the video throughout the day to see what clues may have been captured. at this point police say they are looking into why that driver was going at such a high rate of speed. they are also looking into why that passenger had a loaded weapon. now police say they are looking into all possibilities including whether or not this incident could have been connected to any others. they say right now they don't have any information. what happened here early this morning was connected to anything else happening last night in the city. reporting live, brianne carter, abc7 news. jonathan: the other big story heading in the weekend is this heat. is it prompted d.c. to initiate a heat energy plan. there are two big question

similarly a chrysler dealer in their independent used-car dealers. we would like to discuss the need to ensure oem. most definitely we support the concept. >> i know you reached out to the honda owners affected that could not contact them because they bought the car used. they died as a result. >> indeed, the unfortunate indeed, the unfortunate aspect of fatalities older model vehicles that tends to change hands. we have not been able to contact the appropriate party. we support the concept. >> thank you. i will be brief. last november as evidence emerged airbags might be susceptible i call on an expanded recall. responding to the responding to the recall request letter stating he believes the data currently available did not support a nationwide recall. what information did takata have last month that it did not have earlier? >> that is a great question that i would i would be happy to answer. we have much more test data now and have completed over 57,000 deployments most of the last six months that have helped us understand where these issues are a

police are looking for a black chrysler or infinity with tinted windows. four other shootings happened within 2 miles of each other. police have not said if any of the shootings are related. and we don't know the condition of the victims. seven people shot in five separate shootings. >>> hundreds are expected to say goodbye to beau biden this morning as funeral services get underway in wilmington, delaware. president obama will deliver the eulogy. beau biden was only 46 and died of brain cancer. >> it's sadness that words can't express. one of the finest young men i've ever met. >> the funeral takes place at 10:30 in wilmington, delaware. >>> and also a funeral held for a reporter gunned down on her way home from a story. she'll be remembered at the living word church in southwest d.c. the family is urging the public to take a closer look at this surveillance video. it shows more than a dozen people of interest in that case. >>> we're following the details on the case of a map who went miss -- a man who went missing on the river. marco ray sanchez and anot

salesile, chrysler, u.s.rose 4% last month, beating the estimates, while ford sales actually fell, but not quite as much as expected, down by about 1%. lincoln was up almost 4%, and meanwhile, nissan sales fell less than expected. alix: the nsa surveillance bill has cleared the senate. it would you with provisions that expired on sunday, but it would put limits on them. the bill would end their authority to collect records. courtwould have to have a order to get records from the phone company. a final vote would come later today. however, harry reid says they could delay things for a week, and that is a look at our top stories this hour. scarlet: in focus today, greece, with the nation's creditors reaching an agreement with what might be a final, final offer. joining us from athens is a profession of economics at nyu a busted yesterday and, also an advisor to the bank of greece. -- a professor of economics at nyu stern. sir, you are joining us by phone. you are in athens. they are getting down to discussing s

fiat chrysler's ceo is reaching out to hedge funs and activist investors to persuade gm to agree to a merger. the wall street journal says he's been heartened by recent successes of activists at gm. in march they reached a deal over the balance sheet and governance and said it would launch a $5 billion buy back to avoid a proxy fight. gm is holding it's annual shareholders meeting today and you can see price action in both shares. down about .4%. we should point out that two weeks back he said he expects a mega auto deal merger to take place by 2018. i pose that question to the executive vice chairman of ford as to whether he sees some mna in the space and he said maybe but he's not sure if it will be between ford and fiat chrysler. >> tesla has its shareholder meeting today. the ceo isn't expected to face much criticism but he may try to reassure investors the company is on track to reach several goals. tesla rose 3% on monday. even as former gm vice chairman criticized the company on cnbc saying shares were overvalued. you can see that move up 2.9%. >> there could be a board room ba

she was in a chrysler said and that was hit by a speeding volquez video. three others in the chrysler were seriously injured. the driver of the volvo took off. if you witnessed something, police would like to hear from you. developing now police are looking for a burglar. they know what this guy looks like. they have the videotape. look at this. this is the video. the guy broke into a home in northeast. didn't does he he know he was caught on tape. it is pretty good picture quality. the home is in the 4900 block of had the h- 49th street. police are hoping somebody recognizes this guy and gives them a call. tonight's women's sweden world cup was watched by several. several swedish nationals were watching, most of the crowd were american. >> i think it is just really fun here to be here with a lot of people who are really excited about the game. it makes it so much more fun. >> that is a great hat. the game ended in a scoreless tie. we will have the highlights later in sports. still ahead, the search for escaped up mates in new york. a prison worker facing

world because of the whole chrysler story and that's part of it.er, bmw, those are weak european kind of euro stories with an export component also to the luxury base in asia. that to me is why they've outperfoou outperformed and i think the u.s. stocks are undervalued. >> you're spot dab in the middle of the range. i think there's more upside than downside in ford. but there's nothing really compelling about owning gm or ford right here. >> supposed to report good numbers tomorrow. >> i actually think of the auto loan side of it, like ally, the old gmac. what could go wrong, right? that actually is more interesting to me. it's not expensive and i don't know. i think there's room to run in that business. >> all right. carter, in terms of those charts, we're looking at the automakers. are the auto partsmakers, do they have the same sort of trend or because they're global suppliers they have a different story? >> considerably better. johnson controls, delphi, magna, the charts look good. if one wants to have skin in the game, i would prefer to do it

chrysler wants to merge with general motors. we gave chrysler away to fiat of italy and we bailed out gm. now fiat's chief says there are too many factories producing too many cars so consolidate. it's june the 9th. are you getting worried about a june swoon for stocks? it's supposed to be the worst month for investors and yes, we may open just a little lower again today. we're not quite done with american pharoah, the winning jockey is with us and he will give his winnings to a children's charity. there's a good way to start the day. "varney & company" is about to begin. ♪ ♪ but when i see you darling ♪ >> i'm not quite sure, but i think a little john lennon never hurt anybody. the new isis outrage. and please say tax cuts. and what's with the presidential press conference. we're talking with the man who is building small houses tiny houses, mobile homes for homeless people and $500 each and you can move around every few days. he's here. at in new york with me today. cheryl casone and benji, the scourge of obamacare. the fda is

via chrysler talking up a merger with gm. sergio marchionne given that the deal. the report is sergio marchionne has contacted investors to persuade general motors to agree to a deal. sources tell paternal marchionne has been inspired by investors that jihad and sees them as a way to consolidate the auto industry. the automaker holds its annual meeting later this morning so we will watch news from that. expecting to face questions about auto strikes this fall. shareholders will also vote on a proposal to prevent the ceo and chairman titles we've seen a lot of companies looking into that very closely. we know mary bharat has been very serious about her deals with general motors, tried to have the return on investment to remain in the top tier and whether or not they are sent via with fiat would that be any beneficial move. at the moment we are not really seen that as a possibility. sandra: albright. nicole: there is some bad blood that goes back to the early 2000 years. we will see whether that plays a part. sandra: already. lauren: jack ma here starting to plead b

with billions invested, and see a chrysler -- fiat chrysler carrying debt, there is not much room forjoining us for more on this revival at alpha romero is chris. chris, what is so special about this car? chris: as he said, it relaunches the brand. it reestablishes alfa romeo is a viable contender. -- as a viable contender. the fiat and chrysler brands do not produce the kind of margins they would like long-term, alfa romeo has the potential. it is a huge play for fiat chrysler in general. anna: why does he care so much about alfa romeo? chris: it has the potential to compete with bmw and audi. they're hoping for a serious margins from that segment which would help the overall group in a big way. it is important for the group. anna: chris, thank you very much. coming up, david cameron travels to brussels today to continue his renegotiation of the eu and greece membership. ♪ anna: welcome back. let's check in on the currency market. interesting research out of hsbc which is talking about whether we will see the strength in the swiss credit -- swiss franc continue. it does look set to c

a man was speeding when he t- boned a chrysler, both the driver and passenger in the chrysler were taken to the hospital. the driver will be okay but the passenger didn't make it. meanwhile police say the driver of the vol toe and the passenger -- vol toe and the passenger both -- volvo and the passenger both ran away. a third person in the volvo was taken to the hospital. to this point it's not cooperating with police. speed was a factor in the although it's not clear why they were going so fast. >> this point it's very early on in the investigation. and it was a very busy night last night throughout the city. it's one thing we always try to look and see if they were playing something. >> in the meantime they ask that anyone with information give them a call. in d.c., nikki burdine, wusa9. >> and police do not have a description of the driver yet but they say they're confident he will be found. judging by the amount of blood on his seat, he needs medical attention they say. >>> several people have been taken to the hospital after a major crash on i-395 in arlington. a box truck, a van,

formerly known as chrysler group. and mr. rick schostek, executive vice president for honda north america. so i'm going to ask if we could on my left and your right, mr. kennedy, if you will proceed with your testimony and we'll go from there. and if you can confine it to close to five minutes as possible. mr. kennedy. [inaudible] mr. kennedy: is it on now? my apologies. chairman thune ranking member nelson and distinguished members of the committee i'm honored to be here on behalf of takata and our employees throughout the united states. for takata, safety is the core of what we do and who we are. we're proud that takata air bags have saved thousands of lives and prevented serious injuries in hundreds of thousands of accidents. it is unacceptable to us for even one of our products to fail to perform as intended. we deeply regret each instance in which someone has been injured or killed. we will do everything in our power to address the safety concerns raised by air bag ruptures. our chairman met twice with administrator rose

the sales of the chrysler 200 sedan have soared.lly fell last month but it was not as much as analysts expected. .hey were down more than 1% meanwhile, nissan sales also felt less unexpected. ae apple watch has punctuality problem. the apps are slow to load. in order to fix that, apple will unveil a new tools for the programmers who write applications for the device. the upgrade will be one of'the many key highlights of apples annual conference in san francisco, coming up next week. those are your top stories of the morning. on "the bloomberg market day," it is hillary clinton versus the hedge funds. she has been attacking the industry on the campaign trail, but what do hedge fund managers have to say about hillary clinton? the homeownership appears low on the priority list for millenials according to a new study. we will tell you what they do care about in terms of their money. greece's creditors are trying to work on a new deal. we will talk about the latest and what it means for the markets with the chief investment officer -- an

fcau fiat chrysler looking absolutely gorgeous at the moment up 44% over year to year.gm down 4% year over year. >> keep in mind that a lot of that groat does have to do with the decision to skin ferrari off. >> correct. as its own. also this incredible growth numbers are 60 plus months of growth in the united states coming off of very low bottom. but they are doing much better than expected in the united states. and they don't have exposure to places like russia and just getted started in china. but yeah, it is -- it is a bit of a tail of two companies right now when it comes to share prices. but gm is far more profitable. far broader, and they have definitely more cash in the bank they don't have nearlys a much debt. now and hour and 53 minutes or so away from the tesla discussion. we know that elin musk already speaking so that is always interesting isn't it? that is a stock that is up one thousand percent over past five years what is he going to stay today any announcements? >> it is interesting we have a meeting today which they've become kind of side shows, you kn

formally known as chrysler group. and mr. rick chostic, executive vice president of honda of north america. so i'm going to ask if we could, on my left, your right, mr. candy if you'll please proceed with your testimony and then we'll go from there and if you can, confine it as close to five minutes as possible and we'll take it from there. mr. kennedy. >> [ inaudible ]. >> sir, turn on your mic. >> is it on now? okay. my apologies. chairman thune ranking member nelson and distinguished members of the committee i'm honored to be here on behalf of that cat fa and our employees throughout the united states. for takata, safety is the core of what we do and who we are. we are proud that takata air bags have saved thousands of lives and prevented serious injuries in hundreds of thousands of accidents. it is unacceptable to us for one of our products to fail to perform as intended. we deeply regret each instance in which someone has been injured or killed. we will do everything in our power to address the safety concerns raised by

charles: that's because of chrysler, i just got a jeep two weeks ago.i went to the dealership, they can't keep them on the lot. >> and the companies run well. they don't have to deal with the union stuff here. charles: hold a o a second. they're run well. they were run out of america. they couldn't sell their product here. we kicked them out. they couldn't even sell a product. i don't know what made them say you know what? let's find a company that's terribly unsuccessful in this country and give them a fiat car. >> well, i still look at -- and part of the reason why these bailouts were, you know, really i think funded and that they went ahead and did them was to protect this. . charles: it was called panic. >> protect businesses, protect america, these big companies, and you see it with gm. >> how many times have you failed in your life? >> i have made many failures in my life. . charles: you dusted yourself off. >> right. and i'm not saying i agree with it, but that's what the premise was; right? that they were going to protect these companies. so it

matt: fiat chrysler is looking at other potential merger candidates, not just general motors.be done to reinvigorate of the middle class -- middle class. hello, i am matt miller. mark: stocks rising today. bolsterings confidence. all of the major averages are in

huge game for chrysler as well, making up almost 80% of fiat-chrysler's total sales. chevy normally doing very well with trucks. ford had a decline in its f-150 segment because they cannot make them as quickly as they need to to meet supply. chevy on the other hand had an increase of 11% in its silverado, the heavy duty trucks did very well but not as well as the midsize trucks. chevy's colorado as well as toyota's takoma. the midsize showed a 51% increase as gas prices remain low. guy: we leave american cars in turn our attention to your. mark rutte, the dutch prime minister, is speaking at the oe cb. let's listen in to what he is saying. >> more sanctions? prime minister rutte: the european union has decided to roll through the existing sanctions. they will stay in place until the minsk protocol expires at the end of december. you can never guarantee or there will not be more sessions. at the moment, i would say for the european union it is important to hold onto the sanctions we have. and effectively have decided to continue them until the end of december. >> to br

formerly known as chrysler group. and mr. rick schostek, executive vice president for honda north america. so i'm going to ask if we could on my left and your right, mr. kennedy, if you will proceed with your testimony and we'll go from there. and if you can, confine it to close to five minutes as possible. mr. kennedy. [inaudible] mr. kennedy: is it on now? my apologies. chairman thune, ranking member nelson and distinguished members of the committee, i'm honored to be here on behalf of takata and our employees throughout the united states. for takata, safety is the core of what we do and who we are. we're proud that takata air bags have saved thousands of lives and prevented serious injuries in hundreds of thousands of accidents. it is unacceptable to us for even one of our products to fail to perform as intended. we deeply regret each instance in which someone has been injured or killed. we will do everything in our power to address the safety concerns raised by air bag ruptures. our chairman met twice with administrator r

jeff: they came really close to putting gm and chrysler together. they saw the fundamental logic five years ago, six years ago before the market came back. withins able headed miss the auto industry, especially when they are at the top of the cycle, when no one wants to admit that they would be better off if they merged with someone else. sergio is trying to make their way past the bull headedness and find a partner who is willing to partner up now. may be done -- maybe they don't need as many cuts. matt: the most recent mergers did not turn out so well. you, i tweetedsk this at you earlier, why a goodt to yoda be candidate for partnership with sergio? they don't have a lot of inspirations -- a lot of operations in europe, he doesn't have a lot in asia. does not like to go out and acquire. they do do partnerships very well. they have partnered up with mazda. they have had a partnership with gm. they are not a big acquirer. go into a market and do everything that toyota would and organically. that way that toyota way of manufacturing and engineering

nhtsa is in the process of determining whether fiat and chrysler is part of the issue. nhtsa scheduled a july hearing to look at 22,000 recalls. we are doing everything to protect the public and one critical cool is self evaluation. at the urging of secretary fox and support of staff and leadership, and before i arrived, nhtsa was involved in tough self examining after one of the toughest years. on june 5th nhtsa released two reports. the first report nhtsa's path forward provides the result of a year long due diligence review of the defect process finding weakness in processes for identifying and addressing the defects. we are addressing them underway and within existing resources. the second record is a workforce assessment detailing how the budget request specifically request the mission needs. in addition the report examines the workforce of net given the 265 million vehicles we monitoring compared to other modes of transportation. it it provides one possible path for matching the request. the inspector general performed an audit of the investigation of the gm ignit

known as chrysler group and mr. rick schostek has the executive vice president or honda north america so i'm going to ask if we could my right if you will proceed with your testimony and then we will go from there and if you can confine it to is close to five minutes as possible and take it from there. mr. kennedy. [inaudible] >> i'm sorry. is it on now? my apologies. chairman thune ranking member nelson and establishment of the committee and honored to be here on behalf of takata and our employees throughout the united states. for takata safety is the core of what we do and who we are. we are proud that takata airbags have saved thousands of lives and prevented serious injuries in hundreds of thousands of accidents. it is unacceptable to us for even one of our products failing to perform as intended. we deeply regret each instance in which someone has been injured or killed. we will do everything in our power to adjust the safety concerns raised by airbag ruptures. our chairman met twice with administrator rosekind

motors board is telling fiat chrysler no thanks when it comes to a merger. the fiat ceo made an offer and it e-mail for the gm board to review. a decided their own plan for efficiency and growth to generate more value than merging. mark: mcdonald's is reaching of theto the early days obama administration, naming robert gibbs to lead its global communications division. he was the white house press secretary under president obama. he will -- he will report to steve easterbrook, who took over as ceo back in march. jeb is is in germany, saying demands agression stronger u.s. action in protecting european alliances. mr. bush will meet with leaders from three different countries. before leaving for europe, he shook up his campaign staff. the "washington post" is reporting mr. bush, who is expected to formally launches campaign on monday has filed his initial paperwork to run. that's a look at the top stories we are following this hour. betty: last evening saw a record willin housing --cerberus buy over 4000 homes specifically with an eye on sprucing them up and re

other possible merger options for fiat chrysler.the biggest oil process in the world, we will bring you a view of chevron you will not see anywhere else. erik schatzker, coming up. ♪ ♪ back.t: welcome i am scarlet fu. think of it as netflix for snacks. bloomberg learned kellogg's is looking to launch an online snack subscription service, just as rival general mills has its own year .5 venture. -- year-and-a-half venture. they reported a 44% drop in profit, kellogg's, and are looking for a way to grow. as -- if kellogg's does move -- i have to bring in alix steel because she is the commodities queen here at bloomberg, but also because you are a little bit excited by this service, unlike other food ventures, which we will get to in a moment. >> what was interesting to me, there are a lot of these kinds of services and you pick and choose what type of food you want. if you're into indie food, i do not know what that is but let's box is i did, nature free of artificial ingredients. if you are into sports, you need to hydrate. you can pi

cars chrysler and dodge that mitsubishi made for chrysler.t of to apologizing for the eight deaths and hundreds of injuries tied to its company's airbags. to cut about and apologized at a news briefing in tokyo after the company's annual shareholders meeting. they risk -- says he has no plans to serve -- to step aside. >> i feel responsible for what my products have caused. i should provide safety to our customers. i strongly feel i should continue to spearhead the mission going forward so i do not have any intention to resign at this point. mark: the grandson of the japanese company's founder, nissan recalls another 3 million vehicles with to cut a airbags. hank greenberg is hearing a court ruling that proved he was right. a federal claims court decided the terms of the federal bailout of aig were unfair, but in the lord -- awarded aig shareholders no compensation. betty liu had an exclusive interview with mr. greenberg. the government did something improper, overstepped its authority. they benefited to the extent of , and the oner more who

the probe covers 121,000 arts made by chrysler from the 2013 model year.has no reports of crashes or industry -- injuries. chrysler is cooperating with the investigation. concerns should be addressed with dealers. is facing three months on all strikes. talks about benefits broke down. strikes threatened to just direct the travelers during the summer. it's a setback for the ceo who is trying to lower cost. russia says the european union is only hurting itself. eu foreign ministers this morning have extended sanctions against russia for another six months. as because of russia's support for the rebels fighting ukraine. russia says the move could cost europe millions of jobs placing limits on trade and investment. starbucks is doing more, more than doubling the size of his loan program for coffee farmers. if aimed at helping starbucks fund a singly -- ethically sourced coffee. in pennsylvania maria's risen glass to joeing a paterno. the bsl longer will come in 12 ounce cans featuring his image and a competence. the burglary says it is working with his family

he believes the best fit right now for chrysler would be a merger with general motors.rs does not believe that. mary bara and her team are focused on putting their plan in place which is continuing to drive efficiency through general motors. they do not want to take on both the debt and the complexity that would be involved in a merger with fiat chrysler. this is a one sided discussion. >> thank you for getting up early with us here on worldwide exchange. meanwhile, a very modern way causing some confusion for those not versed in the language of emojis. it used the images popular in messaging apps but thankfully chevy later provided these full translations translations. this is what is bad with emojis. it's hard to figure out what the person is trying to communicate. you get a text message and there's a bunch of emojis and you don't understand what the person you're communicating with is trying to say. >> sure but that was an extreme example. they were playing a bit of a game. >> for me overall with emojis i get really annoyed in text messaging if people made spelling m

-- frtiz chrysler. after all, i was classically trained, but i was scared stiff. my mind went blank. i wondered how the sonata started, how does the fitz kaiser piece start. how does anything start? i was completely black. and i noticed that the murder kapo went for his pipe again, it up his bite -- picked up his pipe and was was walking toward me. every nerve in my body was concentrating on the blow that i'm going to get killed now. and i was standing there may be a few seconds -- maybe five, maybe 10, motionless, and then incredibly, my right hand and my left hand started to move in perfect harmony, and this is what came out of the violin. ♪ the beautiful "blue danube." everybody looked at the ss and the kapo with the iron pipe waiting, waiting for the sign, when shall i hit him, but the kapo was singing, humming the melody, and he was tapping his fingers, on the table. like a waltz. hitting the rhythm. "let him live." so really, honestly, i got food, but i was so terribly overtaken by what i noticed,

e-mail, fiat chrysler had the best may in one decade, u.s. sales rose 4% last month, beating estimates and the 200 sedan sales soared. ford sales actually fell but not as much as analysts expected. ford brand sales were down more than 1%, lincoln sales were up almost 4%. meanwhile, nissan sales also fell less than expected and honda sales in the united states rose more than 1%. analysts expected a drop of more than 4% at honda. the federal reserve governor says the weak first-quarter had a time to before rate increase. in a speech in washington, brainard said there is value to waiting for more data to see if the readings on jobs and inflation improve. there is an the net, value to watchful waiting. while additional data helped her find the economy's underlying momentum in the face of headwinds, broad. if the label market strengthens further and inflation readings continue to improve, liftoff could come before the end of one year. pimm: before the end of the year, all right. the weak first-quarter gdp reading has given federal reserve positing

he's not the driver we're looking for. >> reporter: and the chrysler struck, four people were inside. one person died and they are still looking for the driver of that volvo. back to you in the studio. >> thanks. >>> we have new information about the woman who may have helped two men escape a new york state -- upstate new york prison. sources say she was previously investigated for her relationship with those men. nbc's stephanie gosk live in upstate new york. good morning. what are you learning? >> reporter: hey, good morning, aaron. well first of all, you can see one of the major roads in this area closed for the second day in a row. you have schools closed again and investigators still focussing in on this one area three miles from the prison where they say they have picked up the scent of one of the inmates. meanwhile, we are learning more about joyce mitchell, that prison worker and her relationship to the inmates. sources close to nbc -- sources close to the investigation tell nbc news that richard matt the older of the two inmates, quote charged joyce mitchell and she told offi

three times during his he also famously tried to take over but failed to take over chrysler. > the is some big money in video games and it's all on display at e-3. that industry's biggest trade show. this year the big topic of discussi julia boorstin has more. >> big game names are in focus like "star wars" battle front. expected to sel well across the platforms but both microsoft xbox and sony's playstatio microsoft's xbox has halo 5, guardians and sony's ps 4 for blockbuster franchises including call of duty black ops 3. microsoft announcing it wil holidays. help it catch up to the playstation 4 which sold twice as many consoles. >> i thi it will be a big deal. i thk we're on the edge of people whot over sony talking up ps 4, announcing the individual service, rather than bundled subscriptionn peo are playing games they're watching tv. so we want to have that opportunit the platform here at e-3. sony showing off its virtual reality headset with a multiplayer headsets. >> more fees you bris to gaming wha goggles prind they're partnering with ok you louse risk. >> we fo and make it th

. >>> if you drive a mitsubishi or a chrysler, you want to hear this. 460,000 cars are being recalled because the air bags can push the sun visors into a passenger's face in a crash. the recall includes mitsubishi eclipse coupes. dodge stratus cars from the same model years are part of this recall. mitsubishi made those cars for chrysler. >>> a drone delivery system -- i should say, a popular salad dressing under recall this afternoon. wish bone ranch salad dressing may contain eggs, a known allergen and it's not disclosed on the label. anyone with an egg allergy runs the risk of a serious reaction if they consume it. so if you're not allergic to eggs, wish bone ranch salad dressing is safe to eat. >>> a drone delivery system could become reality next month, but amazon has nothing to do with it. this would be part of a test by a research group at virginia tech and the fa a. the drone would make medicine to an actual patient in southwest virginia and if it gets final approval, the delivery is scheduled for july 17th. it would be the first time the drone delivered something to someone's