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May 23, 2017
05/17
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BLOOMBERG
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fiat chrysler went ballistic.y were very upset, to be accused of this kind of cheating when they characterized it as a sort of clerical error, sort of paperwork error of omission kind of thing. here we are months later, still no resolution. there's this consumer lawsuit, several consumer lawsuits being brought together in a california court tomorrow. the epa and justice are filing today in detroit to try to get their case added to that one. it's complicated. scarlet: it's complicated and i guess you sort of address to this. the sounds like an obama era complaint picked up by the trump department of justice that says because of these deadlines, they felt they had to strike now. been under aa has lot of pressure since the volkswagen case. while they were involved in it, it was the discrepancy between the official omissions and real-world omissions that was found not by the epa's big laboratory in ann arbor, but a private one in west virginia. and in the confession was brought out by the california regulators. some o
fiat chrysler went ballistic.y were very upset, to be accused of this kind of cheating when they characterized it as a sort of clerical error, sort of paperwork error of omission kind of thing. here we are months later, still no resolution. there's this consumer lawsuit, several consumer lawsuits being brought together in a california court tomorrow. the epa and justice are filing today in detroit to try to get their case added to that one. it's complicated. scarlet: it's complicated and i...
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66
May 18, 2017
05/17
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CNBC
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eye 66
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this is mainly because of fiat chrysler given the u.s. investigation and the pressure on the carmaker. we'll get much more from nancy hungerford. utilities, household goods are the few out-performers. utilities up by 0.4%. in the financial space, this is one of the sectors that suffers so heavily in yesterday's trading session in the u.s. when we saw financials off by roughly 3%. given the concerns around the trump trade. the stoxx 600 financial services off by 1.3, given worries that trump will not be able to roll back regulation as much as he promised during his campaign. >>> let's show you what the dollar index is doing. it's slightly higher today. not by much. 97.64. the dollar index still very close to six-month lows. it's given up all its post-election gains. once again, all down to the trump worries. when it comes to the vix, this is the fear gauge for the markets. the vix at 14.63. yesterday it went above 13 for the first time in a month that shows you the degree of nervousness in the market. it comes back to this story, deputy at
this is mainly because of fiat chrysler given the u.s. investigation and the pressure on the carmaker. we'll get much more from nancy hungerford. utilities, household goods are the few out-performers. utilities up by 0.4%. in the financial space, this is one of the sectors that suffers so heavily in yesterday's trading session in the u.s. when we saw financials off by roughly 3%. given the concerns around the trump trade. the stoxx 600 financial services off by 1.3, given worries that trump...
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May 28, 2017
05/17
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CSPAN
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chrysler -- of fiat chrysler started his career as a tax accountant, and he is now running one of the largest companies in the world. it is all because we started with the focus to be great on something to begin with. the third thing i would say is to find something you are passionate about. something you love. find something that gives you excited. find your passion and let it. -- and live it. life is short. go for it. the fourth thing is the question of taking risk in making decisions. manage risk, do not avoid it. at this point in your life, experiment and try new things. you can do that. "i worst you can do is say, cannot decide what to do." when you say that, you are making a decision to let events take you in a direction rather than you taking a direction yourself. be proactive and go for it. number five, learn from mentors. mentors have been an important part of my life starting with my parents. you have had great faculty and staff here at adrian. it was wonderful hearing of the given to someone who has worked hard to help students. differentntors from points in your lifetime.
chrysler -- of fiat chrysler started his career as a tax accountant, and he is now running one of the largest companies in the world. it is all because we started with the focus to be great on something to begin with. the third thing i would say is to find something you are passionate about. something you love. find something that gives you excited. find your passion and let it. -- and live it. life is short. go for it. the fourth thing is the question of taking risk in making decisions. manage...
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May 25, 2017
05/17
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BLOOMBERG
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even see chrysler didn't clear any of these.y unauthorized software, regulators can see it, it is there and not supposed to be. the preponderance of the claims and lawsuits, having to throw them out, the be problematic. it makes it less appealing to be in the diesel business going forward under any circumstances. mark: problematic and costly. it has been costly for vw, and that has not run its course. do we dare even try to put a figure how, when this is over, how costly this could be for the auto industry? reporter: altogether, it is a little soon on that. $2t chrysler or maybe billion is what is estimated on the fines that if it is fully prosecuted, could go higher than that. estimated $24.5 billion, that is the latest total. assuming the chapters all the things still hanging out. they have a few cases left. they have not had any major cause, we will see how they went through the legal system. mark: the credibility of clean diesel technologies certainly has been damaged, jamie, beyond redemption or not? very challenging, and t
even see chrysler didn't clear any of these.y unauthorized software, regulators can see it, it is there and not supposed to be. the preponderance of the claims and lawsuits, having to throw them out, the be problematic. it makes it less appealing to be in the diesel business going forward under any circumstances. mark: problematic and costly. it has been costly for vw, and that has not run its course. do we dare even try to put a figure how, when this is over, how costly this could be for the...
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May 23, 2017
05/17
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LINKTV
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one headquarters raided today and now fayette chrysler must face the heat.nment has filed a lawsuit accusing them of using software to bypass emissions control in diesel vehicles. the car company denies wrongdoing. fiat chrysler shares fell in the minutes after the report and were left at 2.4% in u.s. trading. now we will return to analyze that. remember when the first diesel scandal came up with vw. we had an expert that told us all car committees do the same thing. are we seeing that statement come true? >> to a certain degree, yes. it is hard to judge from over here, but we did get more and more cases. and in the u.s., people and never really wanted so much h te diesel vehicles in the first place. wall street is taking those allegations quite seriously and it seems authorities have done the research for quite some time. it will not be easy for fiat chrysler to convince the justice department otherwise. the stock has dropped by a good 4%. general motors on the other side gaining 1%. gm is much heavier invested in electric vehicles, so at this point that se
one headquarters raided today and now fayette chrysler must face the heat.nment has filed a lawsuit accusing them of using software to bypass emissions control in diesel vehicles. the car company denies wrongdoing. fiat chrysler shares fell in the minutes after the report and were left at 2.4% in u.s. trading. now we will return to analyze that. remember when the first diesel scandal came up with vw. we had an expert that told us all car committees do the same thing. are we seeing that...
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May 18, 2017
05/17
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BLOOMBERG
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i'm looking at fiat chrysler shares opening up down 5.2%.ch as 7% is the drop we have -- we saw in milan. the department of justice is getting ready for a lawsuit against fiat chrysler for clean-air violations. if the two cannot come to an agreement. onp in mind, volkswagen was the hook for billions and billions of dollars because of its violations. fiat chrysler wants to obviously -- shareholders want to avoid that fate. guy: absolutely. fascinating story. we are not done with a diesel story just get. it is going to be an interesting one for the european carmakers as they figure out what exactly they are going to have to spend too electrified astride -- electrify those drivetrains. first quarter earnings match estimates. we will speak with the cfo, coming up, next. what could be the outcome of the last presidential elections about who is the supreme leader. live on the ground in tehran. this is bloomberg. ♪ guy: 12 minutes into the european equity session. let us talk about what is going on this morning. big day yesterday. this morning, som
i'm looking at fiat chrysler shares opening up down 5.2%.ch as 7% is the drop we have -- we saw in milan. the department of justice is getting ready for a lawsuit against fiat chrysler for clean-air violations. if the two cannot come to an agreement. onp in mind, volkswagen was the hook for billions and billions of dollars because of its violations. fiat chrysler wants to obviously -- shareholders want to avoid that fate. guy: absolutely. fascinating story. we are not done with a diesel story...
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May 23, 2017
05/17
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KQED
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>> i think that ford motor stock compared to, say, for example, general motors, chrysler, some of the other companies that compete in the u.s. market, ford's gotten into a product cycle lull. in the near term here. and we're seeing more product come out from, say, for example, general motors, or chrysler, you know, and because of that, there might be a little bit more excitement in the dealerships at gm and at fiat chrysler. this isn't to count ford motor company out. we go through product cycles in the automotive industry. >> is he enough of a disrupter as he was in his previous category to turn a company like ford around? >> well, you know, the only evidence that we have is what he did as ceo of steel case for 20 years. and at steel case he was a visionary enough to be able to tell the direction that the market was heading, for office furniture, instead of having cubicles or individual offices, it was going into more of an open environment. and he saw that in advance. so you've got to give him credit for that. and changing the company's culture and moving towards something that was
>> i think that ford motor stock compared to, say, for example, general motors, chrysler, some of the other companies that compete in the u.s. market, ford's gotten into a product cycle lull. in the near term here. and we're seeing more product come out from, say, for example, general motors, or chrysler, you know, and because of that, there might be a little bit more excitement in the dealerships at gm and at fiat chrysler. this isn't to count ford motor company out. we go through...
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May 31, 2017
05/17
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BLOOMBERG
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trump have let buy chrysler? bob: no.g that administration, you had pelosi and reid who really didn't want to take responsibility for assisting two buy chrysler? o.e.m.'s, gen and chrysler, so they gave one away. tom: what a great day to have bob nardelli with us and to wrap our heads around the central bank discussion and we'll do it later. i will speak with robert kaplan of the council on foreign relations, he's the interesting president of the dallas fed, robert kaplan on the two americas within the texas district. this is bloomberg. ♪ ♪ emma: let's get to the bloomberg business flash. deutsche bank will pay $41 million to settle a federal reserve money laundering investigation. the fed claims the u.s. operations failed to maintain adequate protections against illicit trade. the regulators say it involves billions of dollars and transactions. n.x.p. is facing fresh frur investors to do a takeover deal with qualcomm. elliot management is among those pushing to try to get a better offer. they argue the $47 billion offer
trump have let buy chrysler? bob: no.g that administration, you had pelosi and reid who really didn't want to take responsibility for assisting two buy chrysler? o.e.m.'s, gen and chrysler, so they gave one away. tom: what a great day to have bob nardelli with us and to wrap our heads around the central bank discussion and we'll do it later. i will speak with robert kaplan of the council on foreign relations, he's the interesting president of the dallas fed, robert kaplan on the two americas...
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May 24, 2017
05/17
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KTVU
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a hearing about possible fiat chrysler emissions cheating. a lawsuit filed yesterday that chrysler used software that allowed thousands of trucks and cars and suvs, to pass, when they were emitting past the limits. the company said it didn't set out to cheat the process, but the use of the software is different from that of volkswagen which admitted to cheating ton tests. >>> considering charging blift drivers, a $0.20 fee for every ride they provide. like one imposed in sfavk after the traffic concern caused by bliflt drivers, circling around streets or parking, 2,000 in san francisco. >>> uber is refunding drivers after miscalculating for the mras two and a half years. usually a 25% commission from u.s. drivers and in new york city, mistakenly took a bigger cut before accounting for taxes. comes to an average of about 9 $900 for drivers, going to cost uber an estimated $45 million. >>> paying millions as part of a settlement after a security breech in 2014, 20 million target customers had their information compromised in the 2013 holiday se
a hearing about possible fiat chrysler emissions cheating. a lawsuit filed yesterday that chrysler used software that allowed thousands of trucks and cars and suvs, to pass, when they were emitting past the limits. the company said it didn't set out to cheat the process, but the use of the software is different from that of volkswagen which admitted to cheating ton tests. >>> considering charging blift drivers, a $0.20 fee for every ride they provide. like one imposed in sfavk after...
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May 27, 2017
05/17
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BLOOMBERG
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to my understanding, feet chrysler is different from volkswagen -- fiat chrysler is volkswagenrom becausentinue to deny they knowingly engaged in cheating. is that is right? >> that's exactly right. we didn't learn anything about the vw case until it was already solved and california regulators extracted a confession and they 2015nced in mid-september, that vw is cheating every cop them, and here is how we are going to proceed. this has been so different because, you know, the clock was running out on the obama administration and the epa said, we're pretty sure these guys have some software here that is not acknowledged or disclosed, and that is a dashing your notice of -- and we are notifying them of the violation, and fiat chrysler went ballistic. they were very upset. here we are months later and still no resolution. at another deadline is coming, a consumer lawsuit -- several consumer lawsuits are being brought together in a california court tomorrow. so the epa and justice are filing today in detroit to try to get their case added to that one. >> general motors has been hit with a cl
to my understanding, feet chrysler is different from volkswagen -- fiat chrysler is volkswagenrom becausentinue to deny they knowingly engaged in cheating. is that is right? >> that's exactly right. we didn't learn anything about the vw case until it was already solved and california regulators extracted a confession and they 2015nced in mid-september, that vw is cheating every cop them, and here is how we are going to proceed. this has been so different because, you know, the clock was...
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May 23, 2017
05/17
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BLOOMBERG
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is filing a lawsuit against fiat chrysler for diesel emissions.freshing is surface pro. the tech giant unveiled a new laptop tablet in shanghai. cory johnson joins us from san francisco with more. greatew service pro is a product by all accounts. cory: they want it always is. this is been an interesting success for microsoft. when it first launched, it was a real disaster. they pushed it aggressively. we found that many of the services were removed. when they talk about products wereinventory, they wil not sold to consumers. over time this has become successful through a giant marketing effort by microsoft. --is a $2 million a year billion dollars a year product. vonnie: microsoft, when you think about primarily of software company, how important is hardware to microsoft? how: i think this shows you hard their job is. they are threading the needle with historic efforts, including massive failures, as well as trying to turn the business to areas with your success and greater margins. hardware margins will never be the same as software margins. took
is filing a lawsuit against fiat chrysler for diesel emissions.freshing is surface pro. the tech giant unveiled a new laptop tablet in shanghai. cory johnson joins us from san francisco with more. greatew service pro is a product by all accounts. cory: they want it always is. this is been an interesting success for microsoft. when it first launched, it was a real disaster. they pushed it aggressively. we found that many of the services were removed. when they talk about products wereinventory,...
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May 23, 2017
05/17
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WJLA
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the justice department is suing fiat chrysler over emission test. they accuse them of using records to falsify the records. it's similar to the scand that cost volkswagen $to billion -- scandal that cost volkswagen $20 billion. in the u.s., chrysler says unlike volkswagen it did not intentionally cheat the system. we are connecting you with attorneys. just call 703-236-9220. if you have any question that you want a volunteer to answer for free, that is the best part. it doesn't matter what the question is. the lines are open through 6:30 tonight. jonathan: well, still ahead for us, a hockey goalie collapses. his heart stops. it turns out he was playing the perfect team to bring him back to life. wait until you hear who he was playing. michelle: and this? this would be the most bizarre accuse for a major power outage. story involving a man with his pants on fire. yes. it's true. head in now to grab the five dollar footlong spicy italian. loaded with salami and pepperoni. for a limited time, the spicy italian foo
the justice department is suing fiat chrysler over emission test. they accuse them of using records to falsify the records. it's similar to the scand that cost volkswagen $to billion -- scandal that cost volkswagen $20 billion. in the u.s., chrysler says unlike volkswagen it did not intentionally cheat the system. we are connecting you with attorneys. just call 703-236-9220. if you have any question that you want a volunteer to answer for free, that is the best part. it doesn't matter what the...
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May 24, 2017
05/17
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BLOOMBERG
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if i look at what is losing, fiat chrysler down after the u.s. had sued it for violations.eging that nearly 104,000 vehicles contained those so-called defeat devices. fiat chrysler has issued a statement saying it is currently reviewing the complaint, but is disappointed the suit has been filed. it does intend to defend itself vigorously. this could have an intense showdown between u.s. officials at fiat chrysler, down some 1.6% at the moment. i am looking at glencore as well. we are seeing broadbase losses among commodity producers as industrial metals are heading lower on the news of the china downgrade. hard to say how much of that is priced into this and how much of the individual news of glencore saying it made an informal approach to the u.s. grain trader. it made this statement saying it has approached it about a consensual business deal. we saw shares soar. glencore as you can see, down 1% today. down for a second day. just a disclaimer, chairman of bloomberg lp, is a senior independent nonexecutive director at glencore. guy: thank you very much indeed, nejra. julie
if i look at what is losing, fiat chrysler down after the u.s. had sued it for violations.eging that nearly 104,000 vehicles contained those so-called defeat devices. fiat chrysler has issued a statement saying it is currently reviewing the complaint, but is disappointed the suit has been filed. it does intend to defend itself vigorously. this could have an intense showdown between u.s. officials at fiat chrysler, down some 1.6% at the moment. i am looking at glencore as well. we are seeing...
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May 13, 2017
05/17
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WTTG
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. >> if you own a fiat-chrysler vehicle, there's been a massive recall from fiat-chrysler tonight.lling 1 million wrap pickup truck pics off the road. the company says there's already been one death and two injuries in connection to the problem. the recall valves ram 1500 pickups as well as ram 3500 models from 2014 to 2016. >> a tattoo shop in california will soon be inking customers with audio tracks. this is so bizarre. the shop says they take a minute of audio and create a tattoo design which can be scanned and played through an app. although many people online believe this is fake the artist says it is completely real. they plan to start inking the tattoos next month and get this, there's already a waiting list. could be walking around your arms are going to be singing. >> i can understand people p-, understand people wanting that. >> yeah. >> it my say your baby's name or lover's name or something like that. >> i don't know, it's just too weird. >> when you break up or get divorced. >> good luck removing that. [laughter] >> can a laser just take that off like a regular tattoo
. >> if you own a fiat-chrysler vehicle, there's been a massive recall from fiat-chrysler tonight.lling 1 million wrap pickup truck pics off the road. the company says there's already been one death and two injuries in connection to the problem. the recall valves ram 1500 pickups as well as ram 3500 models from 2014 to 2016. >> a tattoo shop in california will soon be inking customers with audio tracks. this is so bizarre. the shop says they take a minute of audio and create a...
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187
May 24, 2017
05/17
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KQED
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. >>> the justice department is suing fiat chrysler, alleging that some pickup trucks and suvs cheat on emissions tests. the lawsuit claims more than 100,000 vehicles have software that enables them to emit lower amounts of pollutants during lab tests than would be normal otherwise. volkswagen was part of a similar probe, that cost the automaker $25 billion. that involved many more cars. fiat chrysler says it's working to clarify some of the issues and that it is disappointed the lawsuit was filed. shares of the company fell by 4% in today's session. >>> a controversial retirement rule will be allowed to move ahead. the so-called fiduciary rule requires advisers to act in the best interests of their clients and will go into effect next month as scheduled. in a "wall street journal" op ed, the president had ordered a review of regulations that included the fiduciary rule. that rule, they say, will help retirees. critics say it could have unintended consequences. >>> tech companies and app developers like apple and google are breathing a sigh of relief after the u.s. supreme court rule
. >>> the justice department is suing fiat chrysler, alleging that some pickup trucks and suvs cheat on emissions tests. the lawsuit claims more than 100,000 vehicles have software that enables them to emit lower amounts of pollutants during lab tests than would be normal otherwise. volkswagen was part of a similar probe, that cost the automaker $25 billion. that involved many more cars. fiat chrysler says it's working to clarify some of the issues and that it is disappointed the...
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May 28, 2017
05/17
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BLOOMBERG
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fiat chrysler went ballistic. they were very upset.e months later and still no resolution, but another coming, a consumer lawsuit -- several consumer lawsuits -- are being brought together in a california court tomorrow. so the epa and justice are filing today in detroit to try to get their case added to that one. >> general motors has been hit with a class-action lawsuit. the suit alleging the carmaker put defeat devices in trucks to beat emissions tests. gm is the sixth automaker accused of cheating when volkswagen admitted to installing software to bypass emission rules. will gm try to fight this or will it admit that this alleged cheating did happen and try to settle? >> g.m. is fighting back very hard and right away. they put out a statement calling the lawsuit "baseless," noting that their vehicles, their diesel trucks, have been approved by the epa and by the california air resources board. >> the ecb says debt sustainability concerns have risen in the past few months. that stems from political uncertainties in some countries. t
fiat chrysler went ballistic. they were very upset.e months later and still no resolution, but another coming, a consumer lawsuit -- several consumer lawsuits -- are being brought together in a california court tomorrow. so the epa and justice are filing today in detroit to try to get their case added to that one. >> general motors has been hit with a class-action lawsuit. the suit alleging the carmaker put defeat devices in trucks to beat emissions tests. gm is the sixth automaker...
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May 13, 2017
05/17
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KRON
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fiat-chrysler is now recalling one-point- three-million trucks.ue could disable the truck's side airbags from deploying and seat belts from tightening in rollover crashes. check our website at kron-4-dot-com for a full list of the affected vehicles. .... (pam) comedian steve harvey speaking out tonight about the harsh memo he sent to his staff.... hear what he had to say and why he says he feels like a prisoner... [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] (pam) tonight comedian steve harvey is not apologizing for a controversial memo he sent to his staff... telling them to leave him alone unless they are spoken to directly .. the memo.... leaked by a blogger on wednesday. in it he says, he was frequently being ambushed by people at work... harvey had an open do
fiat-chrysler is now recalling one-point- three-million trucks.ue could disable the truck's side airbags from deploying and seat belts from tightening in rollover crashes. check our website at kron-4-dot-com for a full list of the affected vehicles. .... (pam) comedian steve harvey speaking out tonight about the harsh memo he sent to his staff.... hear what he had to say and why he says he feels like a prisoner... [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just...
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223
May 17, 2017
05/17
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CNBC
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eye 223
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government is readying a lawsuit over fiat chrysler's diesel emissions.eep if mind there has been an ongoing concern. in fact, in january, 2017 the e previously accused fiat of using soft what irware to alter emiss. they tend to work with the incoming administration to resolve this matter fairly. again the stock down as much as 4.8%. mellissa. >> thank you very much. i believe that we got headlines a couple days ago saying there was going to be possibly an investigation in europe. we saw the markets react at the time for that. you know, we have these headlines. i feel that stocks usually will recover after that. >> this stock has been very, very offensive within an auto sector under fire, 1050 on this thin sheet, trading up there. i think it's a thin sheet. anyway, it's at a key level. i don't think you need to get in the way of this. i'd get out of the way. >> let's see, if it holds 950. maybe. look at the environment are you in with what's going on before, what is going on with used cars. so i don't think this is lemon, if you try to buy the dip on it,
government is readying a lawsuit over fiat chrysler's diesel emissions.eep if mind there has been an ongoing concern. in fact, in january, 2017 the e previously accused fiat of using soft what irware to alter emiss. they tend to work with the incoming administration to resolve this matter fairly. again the stock down as much as 4.8%. mellissa. >> thank you very much. i believe that we got headlines a couple days ago saying there was going to be possibly an investigation in europe. we saw...
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110
May 13, 2017
05/17
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KRON
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fiat-chrysler is now recalling one-point- three-million trucks. could disable the truck's side airbags from deploying and seat belts from tightening in rollover crashes. check our website at kron-four-dot-com for a full list of the affected vehicles. ( marty ) now to a story you will only see here on kron four. a bay area woman says her wrist was burned by a fitbit. kron four's ella sogomonian spoke to the woman in san jose and has a response from fit-bit. friday morning around 10 denielle briseno of san jose says she felt a burning sensation on her left wrist underneath her fit bit bracelet.sot: denielle briseno, claims fitbit burned wrist//"i noticed a hot feeling to my wrist and irritation, a little, a little bit of an irritating feeling. shifted the fit bit up a little, noticed a burn." briseno says she has worn the fit bit night and day since her husband bought the tracker back in december and has never had issues.sot: denielle briseno, claims fitbit burned wrist//"it came as a shock i've had no problems with it. i sleep with it. the only thi
fiat-chrysler is now recalling one-point- three-million trucks. could disable the truck's side airbags from deploying and seat belts from tightening in rollover crashes. check our website at kron-four-dot-com for a full list of the affected vehicles. ( marty ) now to a story you will only see here on kron four. a bay area woman says her wrist was burned by a fitbit. kron four's ella sogomonian spoke to the woman in san jose and has a response from fit-bit. friday morning around 10 denielle...
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May 24, 2017
05/17
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BLOOMBERG
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eye 42
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fiat chrysler intends to expand -- defend its stocks critically.alsifying results. that is your bloomberg business flash. guy: thank you very much taylor. the opec and non-opec joint committees are meeting in the anna. -- in vienna. the final decision by the participating nations will come tomorrow, we understand. the weather in the end is a -- is inclement but raving it for us. -- braving it for us. >> you are going to learn what wins boxing match. the iea says they are cutting at a current rate and they will have a deficit by the end of the year. the opec barrel finders that will meet today, and the monitoring committee will scare the pants off of opec. that is a polite way of putting it. i caught up with the venezuelan minister a little bit earlier and he is confident about complying. well,will speak today as the result of the presentation, it normally meets before the joint committee. what we have seen so far is that in a quarter of the year, it draws to -- a sharp decrease in inventories. so we are looking forward to seeing those. >> so reduct
fiat chrysler intends to expand -- defend its stocks critically.alsifying results. that is your bloomberg business flash. guy: thank you very much taylor. the opec and non-opec joint committees are meeting in the anna. -- in vienna. the final decision by the participating nations will come tomorrow, we understand. the weather in the end is a -- is inclement but raving it for us. -- braving it for us. >> you are going to learn what wins boxing match. the iea says they are cutting at a...
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67
May 7, 2017
05/17
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BLOOMBERG
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eye 67
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is there any truth about the fiat chrysler joint venture?cle company has been developing soundly in recent years p.m. we completed a -- recent years. we completed a new round recently. that is all i'm going to say today. betty: ♪ haidi: it is 12:30 a.m. in paris, 8:30 a.m. in sydney. we have futures showing the upstate -- upside close to 1%. shows -- these shares closing lower on friday. a lot of commodities. i am haidi lun in sydney. worried about the inflation trade. it is 6:30 p.m. in new york. you are watching daybreak australia through let's get to first word news with rosalind chin. rosalind: emmanuel macron is the new president of france after defeating marine le pen. he got 62% of the vote and was seen as a boost for the european union and a blow to the rising nationalism. the party leaders accepted the loss but said it was a massive success to the far right. the parliamentary elections next month, macron prepares to name his government. tonight and in the next five , i will take on the responsibility with determination to serve the
is there any truth about the fiat chrysler joint venture?cle company has been developing soundly in recent years p.m. we completed a -- recent years. we completed a new round recently. that is all i'm going to say today. betty: ♪ haidi: it is 12:30 a.m. in paris, 8:30 a.m. in sydney. we have futures showing the upstate -- upside close to 1%. shows -- these shares closing lower on friday. a lot of commodities. i am haidi lun in sydney. worried about the inflation trade. it is 6:30 p.m. in new...
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May 24, 2017
05/17
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BLOOMBERG
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filing suit against fiat chrysler. little to shout about today.all on sterling, blu-ray asset management said sterling is headed lower, yes the currency has rallied since theresa may called the election but begins setting -- selling sterling last week. the median view of sterling dollar and the beer is 126, 3% below the current level of 129 and change. 120 is where they say sterling will end up. on friday, 130-36, 13% weaker than it was before brexit, sterling up by 5% this year. this is gold, we have a golden cross in gold. it is bullish. a bullish indicator for chart watchers. if anything happens four times in five years, typically it does mark a multiweek trend, the last time gold 50 day moving average cross the 200 and moving average was in 2016. the rally peak 16% above the 200 day moving average compared to .7% above the line at present. watch gold. moodyis a massive story, 's cutting its rating on china's debt. it challenge the view that the nation's leadership will reign in leverage on maintaining the pace of economic growth. it cited the
filing suit against fiat chrysler. little to shout about today.all on sterling, blu-ray asset management said sterling is headed lower, yes the currency has rallied since theresa may called the election but begins setting -- selling sterling last week. the median view of sterling dollar and the beer is 126, 3% below the current level of 129 and change. 120 is where they say sterling will end up. on friday, 130-36, 13% weaker than it was before brexit, sterling up by 5% this year. this is gold,...
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May 23, 2017
05/17
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BLOOMBERG
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has finally sued chrysler, alleging that 100,000 of its trucks and suvs cheated on tests. u.s. in two hours, let's get a check on those skyhigh levels with julie hyman. we are approaching record highs
has finally sued chrysler, alleging that 100,000 of its trucks and suvs cheated on tests. u.s. in two hours, let's get a check on those skyhigh levels with julie hyman. we are approaching record highs
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May 27, 2017
05/17
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BLOOMBERG
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. >> shares of fiat chrysler he are falling amid the news the justice department is suing the automakersel emission violations. they say they are different than folks like an because they continue to deny they knowingly engaged in cheating. is that is right? >> that's exactly right. we didn't learn anything about case until it was already solved and california regulators extracted a confession and they announced september 2015 vw is cheating and we caught them. this has been so different was runningclock out on the obama administration and the epa said we are pretty sure these guys have some software here that is not acknowledged, not disclosed and we are notifying them of the wenttion and fiat chrysler ballistic. they were very upset. here we are months later and still no revolution, -- resolution, but another deadline is this -- several consumer lawsuits are being brought together in a california court tomorrow so the epa and justice to filing today in detroit try to get their case added to that one. has been hittors with a class-action lawsuit. the suit alleging the carmaker put dece
. >> shares of fiat chrysler he are falling amid the news the justice department is suing the automakersel emission violations. they say they are different than folks like an because they continue to deny they knowingly engaged in cheating. is that is right? >> that's exactly right. we didn't learn anything about case until it was already solved and california regulators extracted a confession and they announced september 2015 vw is cheating and we caught them. this has been so...
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May 23, 2017
05/17
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WRC
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government is suing fiat chrysler. they're alleging that some of its trucks and suvs cheated on emissions tests. the justice department said the automaker used software on some of its diesel engines that allow allow allowed them to emit more pollution on the road than on lab testing. about 100,000 ram pick-ups and cheap grand cherokees from the 2014 to 2016 model years are feeling the impact of this. fiat chrysler said it did not install the software with the intention of cheating on tests. last year, the government filed a similar lawsuit against volkswagen. that company pled guilty to criminal charges and it launched a buy-back program. >>> a local woman is out one iphone and a bunch of money as the counterfeit crime unravelled. but there were several red flags along the way. police are warning against movie money which is being passed off as the real thing. >>> and the effort to safe from the luref gan ogs to take on the "tom insurance companies and the credit card companies and the wall street banks... th
government is suing fiat chrysler. they're alleging that some of its trucks and suvs cheated on emissions tests. the justice department said the automaker used software on some of its diesel engines that allow allow allowed them to emit more pollution on the road than on lab testing. about 100,000 ram pick-ups and cheap grand cherokees from the 2014 to 2016 model years are feeling the impact of this. fiat chrysler said it did not install the software with the intention of cheating on tests....
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May 24, 2017
05/17
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KTVU
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chrysler says he did not set out to cheat the testing process . a hearing is scheduled for tomorrow. >>> luber said today it has been underpaying new york city drivers work uber is suppose to take its 25% commission from drivers after taxes and fees are deducted. over two years uber has been taking a higher cut for accounting for taxes. it is now refining the drivers plus interest which will cost $45 million. this is the second time in three months uber has admitted to not being drivers their proper earnings. >>> the british actor who played james bond in seven movies has died. >> my name is jake -- bond, james bond.>> roger moore was 89 years old. his final bond movie was a view to a kill in 1985. a third of that movie was shot in san francisco. >> dianne feinstein was mayor of san francisco during the filming of a view to a kill. she honored roger moore and the entire cast during a ceremony at city hall in the spring of 1985. >>> coming up number one goal of reducing crime. number two increasing the size of the department. up next we talked to o
chrysler says he did not set out to cheat the testing process . a hearing is scheduled for tomorrow. >>> luber said today it has been underpaying new york city drivers work uber is suppose to take its 25% commission from drivers after taxes and fees are deducted. over two years uber has been taking a higher cut for accounting for taxes. it is now refining the drivers plus interest which will cost $45 million. this is the second time in three months uber has admitted to not being...
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May 24, 2017
05/17
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BLOOMBERG
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fee at chrysler has run into trouble with the u.s. government.tment is suing the automaker claiming it cheated on the diesel emissions test. to it chrysler says it tends -- it will defend itself vigorously. accused fee it chrysler of falsifying results. they said they have not engaged with business talks. the giants said it approached about its conversation but there is no certainty it would happen. sales have fallen in premarket chairman of the bloomberg lp is the bloomberg independent nonexecutive director at glencore. are close toallies extending cuts to another nine months. ways toher to discuss revise the economy's. the influential disappearance publicly backed the idea of extending the agreement to next march. that is your bloomberg business flash. >> it was all about opec jobs in the last weeks, stepping up to the opec cut again. countrynot heard of any against the extension. everyone wants it because we realize we have not achieved our objective of being in global inventories. >> we can see we have full performance of the -- voluntary red
fee at chrysler has run into trouble with the u.s. government.tment is suing the automaker claiming it cheated on the diesel emissions test. to it chrysler says it tends -- it will defend itself vigorously. accused fee it chrysler of falsifying results. they said they have not engaged with business talks. the giants said it approached about its conversation but there is no certainty it would happen. sales have fallen in premarket chairman of the bloomberg lp is the bloomberg independent...
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May 16, 2017
05/17
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FBC
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fiat chrysler with 81.en it comes to lay people off, that is what you want the company to do, make too many cars that sell at a loss, show up in washington, gee, can we get a bailout? liz: we remember that. we remember the bailouts. but i have always argued, i know you're on my side on this. david: if you're going to bail somebody out, bail out automakers who actually have employees who make something versus the banks who move chess pieces on a board when it comes to, you know, the stock market and investing. i'm glad that auto workers were saved. reporter: ford employs 100,000 by itself, much less all the suppliers and the rest. i'm totally with you as well. liz: they didn't take bailout money. they got a loan from the energy department but they did not take the bailout money. >> reporter: paid most of it back. everybody else did. ford didn't get a loan, you're right. liz: that's true. businesses and hospitals are reeling at this hour with the closing bell ringing 29 minutes from now. the dow down two poin
fiat chrysler with 81.en it comes to lay people off, that is what you want the company to do, make too many cars that sell at a loss, show up in washington, gee, can we get a bailout? liz: we remember that. we remember the bailouts. but i have always argued, i know you're on my side on this. david: if you're going to bail somebody out, bail out automakers who actually have employees who make something versus the banks who move chess pieces on a board when it comes to, you know, the stock market...
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May 1, 2017
05/17
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BLOOMBERG
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oliver: this fiat chrysler doing anything wrong in its assessment of the american consumer?hey assuming income growth or an economic trend that will not sustain high prices for many events? -- for minivans? jamie: no, they are reading it perfectly right. they have the dodge caravan, quite a range to it. whenever there is any vehicle that summit he will pay $30,000 for or somebody else will pay $40,000 for come there is probably somebody who will pay $50,000 for a nicer version. that is the right way to play it. vonnie: what are we looking for in terms of overall figures tomorrow? still pretty healthy in the u.s. jamie: the clients for the fourth straight month almost certainly could every automaker expect maybe nissan is expected to be down. but it is a pretty modest decline could this the fourth best year in the history of the industry, for we are coming off of 2 record years and a seven-year streak of the gains. just kind of running out of momentum. the big debate in the industry, whether you are an executive trying to make plans or investors trying to make bets on stocks
oliver: this fiat chrysler doing anything wrong in its assessment of the american consumer?hey assuming income growth or an economic trend that will not sustain high prices for many events? -- for minivans? jamie: no, they are reading it perfectly right. they have the dodge caravan, quite a range to it. whenever there is any vehicle that summit he will pay $30,000 for or somebody else will pay $40,000 for come there is probably somebody who will pay $50,000 for a nicer version. that is the...
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May 24, 2017
05/17
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KNTV
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now fiat chrysler has been accused of doing something similar. chrysler have used software to cheat emissions test. the company says it hasn't. washington has gotten a chance to see president trump's budget. getting a thumbs down from both sides. dead on arrival is the the phrase we're hearing most. as we previewed for you on monday, the white house budget proposes severe cuts to programs for the poor and for children. i talked about w barbara lee, the congresswoman out of the east bay who points out not only with that budget her her constituents in oakland, it would hurt trump's most loyal voters in the south and the rustbelt. >> hopefully they will see the light now and they will wake up and understand that he stands for the billionaires and the millionaires and what he's doing is cutting budgets that they rely on. >> now the budget cuts $190 bill front from s.n.air. p., supplemental nutrition as taste program, food stamps. one, many people on s.n.a.p. and another third are children, women or the elderly. >> one supervisor has a plan to fix the
now fiat chrysler has been accused of doing something similar. chrysler have used software to cheat emissions test. the company says it hasn't. washington has gotten a chance to see president trump's budget. getting a thumbs down from both sides. dead on arrival is the the phrase we're hearing most. as we previewed for you on monday, the white house budget proposes severe cuts to programs for the poor and for children. i talked about w barbara lee, the congresswoman out of the east bay who...
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May 12, 2017
05/17
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LINKTV
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fiat chrysler is recalling 1.4 -- 1.25 million truck's worldwide. it has been linked to one death and two entries and crashes. the recall will begin in june with the complete reprogramming the effect vehicles. south korea has ordered him die -- ordered hyundai to recall a million of their cars. possible defects in 12 different models. the company initially refused to act until the transportation ministry stepped in with south korea's first ever government imposed recall. the eurozone has ordered a second consecutive month of industrial output drop. industrial production -- faring worse with a 2% drop in output, ok the trend with france , the best in your eurozone. -- a judge is asking for a federal investigation into uber. uber is being sued by alphabets self driving car unit for allegedly ceiling -- allllegedly stealing its technology. the e judge issued a a partial injunction that could prerevent uber from using its self driving tech while the civil case proceeds. the u.k. will be needing to rewrite and reprint a fair amount of laws as it exits th
fiat chrysler is recalling 1.4 -- 1.25 million truck's worldwide. it has been linked to one death and two entries and crashes. the recall will begin in june with the complete reprogramming the effect vehicles. south korea has ordered him die -- ordered hyundai to recall a million of their cars. possible defects in 12 different models. the company initially refused to act until the transportation ministry stepped in with south korea's first ever government imposed recall. the eurozone has...
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May 16, 2017
05/17
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FOXNEWSW
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if you look at ford compared to gm and fiat chrysler which makes jeeps, fiat chrysler up in the last and ford stock down about 18% in the last year alone. they've been investing in a lot of other things, making them a mobility company, electrics, self-driving cars, but that investment has taken away from profits and has concerned investors job loss, not job creation for ford. >> jon: just flock, >> heather: right now, three children from tanzania will be getting some much needed medical attention here in the united states as they were on a school trip with their seventh grade class in their home country when the school bus skidded off the road, falling and crashing into a ravine. 33 students were killed as well as of the teachers and driver. but some missionaries, christian missionaries who passed by it at just the right time, some american missionaries with the stem group were able to pull the three surviving children from the wreckage. rescuing them from almost certain death. now the boy in the two girls who survived will be flown to the mercy medical center in sioux city, iowa, th
if you look at ford compared to gm and fiat chrysler which makes jeeps, fiat chrysler up in the last and ford stock down about 18% in the last year alone. they've been investing in a lot of other things, making them a mobility company, electrics, self-driving cars, but that investment has taken away from profits and has concerned investors job loss, not job creation for ford. >> jon: just flock, >> heather: right now, three children from tanzania will be getting some much needed...
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May 16, 2017
05/17
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FBC
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fiat chrysler i quoted we are very focused like we are in a down term.re layoffs may be to come. cheryl: yeah, you can make them, but you have to sell them. it's cause and effect. >> exactly. you don't want them to have a situation where they make too many cars, have to sell them at a loss and need a government bail out. you'vyou've been there before. >> touchÉ. you and i have both been there. jeff, thank you for the memories. >> thanks, cheryl. cheryl: well, coming up, that's conservative push for more cuts to medicaid. our nation's governor expressing reservations about the plan to repeal and replace obamacare. we're going to ask new hampshire governor about this coming up next break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make
fiat chrysler i quoted we are very focused like we are in a down term.re layoffs may be to come. cheryl: yeah, you can make them, but you have to sell them. it's cause and effect. >> exactly. you don't want them to have a situation where they make too many cars, have to sell them at a loss and need a government bail out. you'vyou've been there before. >> touchÉ. you and i have both been there. jeff, thank you for the memories. >> thanks, cheryl. cheryl: well, coming up,...
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May 24, 2017
05/17
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KNTV
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fiat chrysler has now been accused of the same thing. the justice department says chrysler has used software in more than 100,000 cars to cheat emissions tests. the company says it has not. the dow gains again tuesday. the fourth day of gains in a row. nasdaq just in the positive. we'll get the minutes from the latest fed meeting later this morning. the house republicans get the cbo score on their health care bill today. the nonpartisan assist sesment of how much their plan is going to cost. this is super important because if the congressional budget office says the bill adds to the deficit, it changes the math you need to get enough votes to pass. instead of a simple majority, which republicans have, they would need the help of democrats to get their health care plan passed, and democrats are unlikely to vote on something that undoes obamacare. washington also examining the president's budget which has lots of interesting details, but neither side loves it. even republicans lindsey graham and mitch mcconnell have given it a thumbs down.
fiat chrysler has now been accused of the same thing. the justice department says chrysler has used software in more than 100,000 cars to cheat emissions tests. the company says it has not. the dow gains again tuesday. the fourth day of gains in a row. nasdaq just in the positive. we'll get the minutes from the latest fed meeting later this morning. the house republicans get the cbo score on their health care bill today. the nonpartisan assist sesment of how much their plan is going to cost....
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May 24, 2017
05/17
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LINKTV
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back in the united states, the justice department has sued fiat chrysler, accusing it of using illegal software to bypass emissions regulations. the epa accused fiat chrysler of installing the software on more than 100,000 ram pickup trucks, allowing the car to bypass emissions control systems and spew significantly higher levels of pollution. another car company, volkswagen, has admitted to using software to rig some 11 million vehicles worldwide, allowing them to emit up to 40 times more pollution than standards allow. and in chicago, thousands of people marched tuesday in advance of mcdonald's annual shareholder meeting today, demanding $15 minimum wage and better working conditions. despite rain, fast-food workers, home care aides and other low-wage workers poured into the streets, holding signs reading "mcjobs cost us all." protesters also gathered outside amazon's annual shareholder meeting in seattle tuesday to demand better conditions and contntracts for amazon workers,s well as that the company stop advertising on the far-right wing website breitbart news. and those are some o
back in the united states, the justice department has sued fiat chrysler, accusing it of using illegal software to bypass emissions regulations. the epa accused fiat chrysler of installing the software on more than 100,000 ram pickup trucks, allowing the car to bypass emissions control systems and spew significantly higher levels of pollution. another car company, volkswagen, has admitted to using software to rig some 11 million vehicles worldwide, allowing them to emit up to 40 times more...
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May 16, 2017
05/17
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FBC
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fiat chrysler laying off 1400 people coming in july. this is happening industrywide, people don't buy cars, well, you don't build cars. you don't want to build cars, if you do, sell them at a loss, they will be in washington saying can we have a bailout? david: we got to remember ford didn't take any bailout money. irony hereford has the best-selling vehicle in america right now, the truck, the f-150. reporter: f-150. explorer is made at that plant behind me. not too far behind. they're doing okay. it is profitable. david: little carries and electric cars. jeff flock, thank you very much. appreciate it. melissa: business and government agencies around the world still reeling from the massive cyberattack that targeted at least 150 countries and now we know who is behind it. david: a major threat to our loved ones in nursing homes. drug resistant superbugs are on the rise there. wait until you hear this. dr. marc siegel is sounding the alarm. you will only hear it here. he joins us coming up. melissa: president trump is defending his righ
fiat chrysler laying off 1400 people coming in july. this is happening industrywide, people don't buy cars, well, you don't build cars. you don't want to build cars, if you do, sell them at a loss, they will be in washington saying can we have a bailout? david: we got to remember ford didn't take any bailout money. irony hereford has the best-selling vehicle in america right now, the truck, the f-150. reporter: f-150. explorer is made at that plant behind me. not too far behind. they're doing...
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May 24, 2017
05/17
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KNTV
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well, fiat chrysler has now been accused of something similar. the justice department says chrysler has used software in more than 100,000 cars to cheat emissions tests. the company says it has not. >> the dow gained again tuesday. the fourth day of gains in a roy. we'll get the latest later this morning. washington has a chance to see president trump's budget. big thumbs down for both sides. dead on arrival is the phrase we're hearing most, as we previewed for you on monday the white house budget proposed severe cuts for programs for the poor and children. i talked to barbara lee, the congressman out of the east bay, who points out not only does the budget hurt her constituents in oakland, it hurts trump's most loyal voters in the south and rust belt. >> hopefully they will see the light now and they will wake up and understand that he stands for the billionaires and millionaires, and what he's doing is cutting budgets that they rely on. >> now, obviously, congress has the final word on what the budget really is because they hold the purse strin
well, fiat chrysler has now been accused of something similar. the justice department says chrysler has used software in more than 100,000 cars to cheat emissions tests. the company says it has not. >> the dow gained again tuesday. the fourth day of gains in a roy. we'll get the latest later this morning. washington has a chance to see president trump's budget. big thumbs down for both sides. dead on arrival is the phrase we're hearing most, as we previewed for you on monday the white...
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May 3, 2017
05/17
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KCSM
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fiat chrysler also lost 7%.he only one to reported increase, a 1% increase over sales that were depressed a year ago by the diesel emissions cheating scandal. let's take a look at this with our new york correspondent. good to see you. we see bad news from the car sector. is this the start of a paradigm change their -- there? reporter: long economic bright spots like car sales have begun to fade. economists say these do not match the hopes and that's on growth under president donald trump. that was the main cause for the postelection stock rally we saw in recent weeks. automakers signaled that it is a hot streak rapidly cooling down, reporting street -- steep declines. automakers continue to rely on discounts to maintain demand. inntory increases. dealers now need 50 days to turn a vehicle. the highest level since 2009. brent: not all bad news. tesla is at an all-time high read what is driving that -- high right now. what is driving that? >> the cheapest tesla is starting in july, ramping up to 10,000 vehicles we
fiat chrysler also lost 7%.he only one to reported increase, a 1% increase over sales that were depressed a year ago by the diesel emissions cheating scandal. let's take a look at this with our new york correspondent. good to see you. we see bad news from the car sector. is this the start of a paradigm change their -- there? reporter: long economic bright spots like car sales have begun to fade. economists say these do not match the hopes and that's on growth under president donald trump. that...
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May 3, 2017
05/17
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KPIX
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a company just got approval to rebuild the chrysler pump station. the station is currently at chrysler drive and bayfront expressway. the new system will move closer to highway 101. the goal is for the new system to be able to handle a 100-year flood. construction will start early next year. >>> a vote on electric car use has been postponed by san francisco's supervisors. the proposed legislation would have required city departments to use only electric sedans by 2022. but high costs have stalled the process. the city still needs to bit fleet of electric cars as well as install charging stations around the city. the estimated price tag could be between 20 and $60 million. >>> that's a big difference 20 and 60, right? >> big time. >> yeah. [ laughter ] >> $40 million. >> well you're going to feel the difference as you head out on the roads right now. because things are definitely slowing down. compared to what we were tracking 10 minutes ago. take a look at the bay bridge toll plaza. traffic stacked up beyond the maze. your ride along the eastshore f
a company just got approval to rebuild the chrysler pump station. the station is currently at chrysler drive and bayfront expressway. the new system will move closer to highway 101. the goal is for the new system to be able to handle a 100-year flood. construction will start early next year. >>> a vote on electric car use has been postponed by san francisco's supervisors. the proposed legislation would have required city departments to use only electric sedans by 2022. but high costs...
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May 24, 2017
05/17
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WPVI
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. >>> the federal government has file aid lawsuit against fiat chrysler for cheating on emissions testter they filed a modification on the software to resolve the issue. the epa accuse the fiat of installing the software or jeep cherokee suv's told from 2014 to 2016. >>> apple believes they have a solution to soggy pizza crust. this circular box was created by apple submitted in 2010, opening at the circular container allowed moisture to escape and prevents it from getting soggy and can be stored in stacks and the pizza boxes are expected to be available at the tech giant silicon valley campus, apple park. >>> a new study shows that people travel ago board may not be getting the proper vaccinati vaccinations. more than half of international travelers eligible to receive the measles mumps vaccine did not. people that did not put themselves at risk of of the infection. if you are not sure if you need the vaccinations before your trip the cdc has a list of travel notices. >>> and may is stroke awareness month. join experts on 6abc.com today to have your questions about strokes answered. i
. >>> the federal government has file aid lawsuit against fiat chrysler for cheating on emissions testter they filed a modification on the software to resolve the issue. the epa accuse the fiat of installing the software or jeep cherokee suv's told from 2014 to 2016. >>> apple believes they have a solution to soggy pizza crust. this circular box was created by apple submitted in 2010, opening at the circular container allowed moisture to escape and prevents it from getting...