we will keep a close eye whether fiat chrysler ends up with a new owner.alking trade today as the us, canada and mexico finish their first round of talks to overhaul north america's free trade deal, known as nafta. it comes after president trump threatened to scrap the pact — saying it's been a disaster for us workers. the countries have pledged to reach an agreement by early next year, but some trade experts have warned it could take much longer. there are huge challenges ahead. the us says it wants new promises that more vehicles are manufactured in america. at the momentjust over 62% of each vehicle must come from one of the three countries, but the us hasn't yet explained how it wants this changed to boost its own automotive sector. with me is cailin birch, global analyst at the economist intelligence unit in london. welcome to the programme. which is the most challenging for them to reach a consensus? there are a number of areas that could be promising for a potential agreement. one of the automotive industry. we are seeing some disagreement about wha

-- chrysler, and jeep.ue breakdown between the mass market segment, the big green line, and maserati, the smaller blue line, and its component, a small part of fiat chrysler's revenue. maserati is about 3% of revenue and 5% of profit. we are hearing that these luxury brands could be worth about $9 billion is it spun off the parts unit, $6 billion. an opportunity for them. mark: if the brands are doing well, why bother selling them? >> it is all about unlocking value. i have another chart. i will pull it up on my bloomberg. now, the white line, the bottom line, their estimated price to earnings ratio. it is below the blue line, meaning it is undervalued compared to its peers. goldman sachs estimates fiat chrysler's are worth 50 billion euros, twice the current enterprise value. this is all about trying to get some value not reflected in the stock price. remember that the family who founded fiat, on 25%, just under that, all -- there fiat chrysler 's ceo owns shares and he is planning to leave. they have done

to seattle and tacoma, so they chose chrysler. and when that caused the collapse of the milwaukee road -- i'm not saying that was congress' fault, there was a whole bunch of to other extenuating circumstances -- they didn't get the bailout, and chrysler did. it became the single largest bankruptcy in american history at that particular time. what i'd like people to take away from books like "rails to paradise" is that railroads are relevant, and they're relevant for a number of different reasons. they contribute to broad patterns of our social history. a tacoma would not have developed the way it had, had it not been for the advent of the railroads. there are also persons that are very important to our past which leaf us a legacy -- which leave us a legacy for future generations to be able to the remember them by. there's also engineering significance, the construction or the aid that was lent in the construction by the japanese. that's an oft-overlooked aspect of it. but we also have to look at what a story like the development o

it does begin to set the market value of what chrysler is really -- fiat chrysler is really worth. >> bill. managing director and former senior executive for chrysler. here is our interactive tv function, you can find it at tv . you will not only be able to watch us live but you can see previous interviews, dive into any of the securities or the bloomberg functions that we talked about. you can become part of the conversation by sending us is messages during the show. this is for bloomberg subscribers only so check it out at tv . >> a quick check of the business flash headlines. green line is facing the payment problems for a project in the country's northeast. they are already in default on $30 million of debt. -- is 46% onas 46% by the shanghai government. japan tobacco is to buy the number two cigarette maker in the philippines for over a billion dollars. the assets of mighty core will help weakening demand in the home market. that deal would be the largest purchase in the philippines in over eight years by an overseas company. you can tobacco is buying an indonesian cigare

jeep fiat chrysler putting in the driver seat.s setting ambitious path forward for jeep, forecasting sales the jump 30% worldwide in the next year. for more on their strategy, tomaso, are these goals looking ambitious? tomaso: it looks like they believe in those goals. if you take jeep in the last few about 300,000ld cars, actually suvs. last year they sold 1.4 million suvs. the median targets look achievable. they manage to this production outside the u.s. they have just started to build in india following china, brazil and italy. that is why jeep is so interesting and there is interest alongside some m&a talks. mark: in a week where you broke the story that fiat chrysler is considering's bidding off some fiats brands, is jeep and chrysler inseparable right now? tommaso: jeep is clearly crucial and the most profitable part of fiat chrysler. you mentioned selling jeep and keeping the other car businesses. that is why we are gearing fiat chrysler may consider spinning off some premium brands, italian ones, maserati, alfa romeo, but

he was a former chrysler executive in asia. he introduced the great wall chairman to chrysler i asked him about great wall's interest in jeep and whether or not sergio marchionne would be willing to spin off jeep in a sale given that it's considered the crown jewel of the company >> the question is what is left in the crown when you remove that jewel i don't know what else in the fiat -- obviously ram pickup trucks are probably valuable within that group. but jeep is certainly the most valuable, the most international brand of fca currently one that has the most relevancy in china >> so as bill russo points out, the big question is what is left of fca once you remove jeep if, in fact, that is the only part of the company that great wall motor is interested in we don't know that yet. that's the assumption. when you talk about the market cap of fca, that stands at $21 billion. great wall motors market cap is $16 billion. other analysts have raised questions over whether or not this carmaker can get the financing together to put t

. ♪ mark: fit chrysler and ford came up short.s removed executor chairman bob mckenzie for gross misconduct, the company calls a personal conduct matter. shares plunged on the news. the aa provides cover for motorist insurance. this is bloomberg. ♪ mark: live from london and new york, this is the european close. stocks finishing up the tuesday session gaining for the first day in 4 after dropping for a worst straight month, the streak since october. industrial goods, utilities leading the advance, propelling the stoxx 600 up by 6/10 of 1%. lots to tell you about. even as the euro remains strong against the dollar, the german chair maker benefiting from increased computerization of cars and industrial production used in cars. transmission, steering, and comfort systems. also, surprise components, digitizing factory controls and initiative funded by the german government under the rubric of industry, 4.0. look at rolls royce. 10% up today. biggest gain since june 2016. beating estimates, restructuring measures, reducing costs faster

chrysler. chrysler. there are reports it wants to buy the jeep brand. a spokeswoman says the intention is there but fiat chrysler sister has a no contact with great wall. given the tensions between china and the u.s., a chinese acquisition of the big three u.s. automaker could encounter stiff resistance from the trump administration. for some more analysis was bringing our financial correspondent in new york. how likely is this deal? sohpie: well, let's put it like this -- fiat shares rose to their highest level in two weeks about speculation. now the stock rose even more on monday. investors are seemingly thinking there is enough competition to end up with a good offer. they said they were exploring a bit but fiat chrysler said monday it has not been approached yet. at the moment is not clear whether great wall target all of fiat chrysler are only fiat jeep. there is probably more news to come this week. christoph: in other news the first round of renegotiating the north american free trade ag

they had to make a choice, are we going to bail out chrysler or are we going to bail out the milwaukee road? chrysler's impact upon the nation was far bigger than in the walkie road because it was only felt from chicago to seattle and tacoma so they chose wisely. and when that caused the collapse of the milwaukee roads, not saying that was congress's fault but there were other extenuating circumstances, they didn't get the bailout and chicago did. became the single largest bailout in american history at that time but i'd like to take away from books like rails to paradise is that railroads are relevant and irrelevant for a number of different reasons. they contribute to broad patterns of our social history. tacoma would not have developed the way it had had it not been for the advent of the railroad. there are also persons that are very important to our task which leave us a legacy for future generations to be able to remember them by. there's also engineering significance, the construction or the aid that was went in theconstruction by the japanese , that's an often overlooked aspect

ford and chrysler to the tune of eighty billion dollars chrysler received twelve point five billion dollars in taxpayer funds the original american company has been zero now by german automaker daimler the federal government and now italian automaker fiacha but the chinese could be next the chinese government is said to be pushing companies to seek takeover opportunities overseas and chrysler seems to be a prime target. more than half of belgium's economic output is being funneled into tax havens that's according to belgian media. belgium's gross domestic product was around four hundred billion euros in two thousand and sixteen according to tax authorities belgian companies have sent two hundred twenty one billion euros to tax havens or more than half the country's g.d.p. back in two thousand and fifteen the european union released a list of thirty international tax havens to crack down on companies that might try to avoid paying tax in the block. these havens include hong kong monaco and the cayman islands if a belgian company pays more than one hundred thousand euros into bank accounts or

shares of chrysler are spiking.ny is said to have rejected a bid from a chinese automaker. joining us is abigail doolittle to break it down. why are stocks reacting favorably? >> it is in play. bloomberg intelligence analysts told me that where there is smoke there is fire. we don't know who the chinese automaker is but it is a matter of pricing. he also said it is nothing new. we look to the past. he is been shopping -- they have been shopping out and doing all the right things. if we take a look at what is happening here on the bloomberg -- this is a look at truckhrysler's production. it is going in the right direction, going up over the last several years. this is something that makes them attractive to a chinese automaker. plus, their footprint in the u.s. putting all this together, it looks like fee at-chrysler is again in play. fiat-chrysler. >> how does this compare to gm? >> when we look at ford and gm they have solid truck production but they are not all in the way chrysler is. for not being dinged being el

. >> and chrysler shares raise to a 19 year high as it reportedly coffin fi confirms they are interested this buying the jeep brand >>> and police believe new cctv footage of the man believed to be behind the van attack in barcelona. >>> and u.s. warship collides with a huge oil tanker in singapore. ten sailors are missing in the second accident involving a naval destroyer in just over two months >>> let's take a look at the picture that we have so far for the european markets there is quite a lot of red out there, with the stoxx 600 carrying on its negative theme from friday when it was down by 0.7% it's adding a further 0.2% to that red line. as for the individual european markets, the ftse 100 sitting flat with a down side bias, the xetra dax down by 0.4%, and ftse mib down by 0.2% adding on to what was a negative day on friday these are the individual sectors that we're following for you travel and leisure is managing a bounce back after a drop of 1.5% friday loochk with travel and leisure, we have basic resources putting on a nice gain of 0.7% food and beverages a also above water.

i we go to bill how chrysler or bail out the milwaukee? they chose chrysler. outre we going to bail chrysler or bail out the milwaukee? josephalt out -- chrysler -- they chose chrysler. it became the single bailout in history. railroads are relevant, they contribute to broad patterns of our social history. tacoma would not have developed of the way that it had if it were not for the advent of the railroad. this leaves us a legacy for future generations to be able to memorize them by. there are also engineering , itificance, construction was light in the construction by the japanese. what a have to look at story like the development of the tacoma eastern has to teach believee future and i that it does a great job of being able to lay out that this was an important and significant to, but toot only to the region as well. >> when you get to my age and you are still fairly active, when you are telling people things that have happened to you in your life and they will invariably say that i wish you would write that down, aren't you working on a book? that sort of t

it says it is interested in buying all of fiat chrysler, which is american.ite for more talks, if it happens, it would be the biggest purchase by a chinese car company. i guess the first thing is, how far down the line have we actually got with story? fiat chrysler are not officially confirming this approach, but certainly it has got many tongues wagging today. i think the reason for that is, because if you look at jeep, it has a long history in the united states, used by the army many yea rs united states, used by the army many years ago, but it is also considers the crown jewel of the chrysler, the most valuable part of the company, and the idea that a chinese firm might be able to buy part of it, buy it up in totality, is considered a big dealfor the it up in totality, is considered a big deal for the company because it up in totality, is considered a big dealfor the company because not only does get hold ofjeep, that it potentially gets a foothold here in the us market. and help us learn a bit more about this chinese car firm, how does it compare the big

. >> shares of fiat chrysler on otws of a chinese takeover and anher strategist on why this is stillght after this >>> welcome back shares of fiat chrysler up 2% on reports that chinese great wall motors is interested in a deal or are they? phil lebeau has been doing some reporting on this story for us phil >> reporter: no doubt they are interested especially talking to people who work with great wall over in chip, and they have made it clear great wall knows it has to expand and it has an interest in fiat chrysler but i think it might be overstating it to say there's been a formal offer extended there was a report out of asia that great wall had contacted fiat chrysler and when we reached out to fiat chrysler the company said we've had no formal discussions with any automaker including great wall about jeep or any other asset in the fiat chrysler portfolio by the way, jeep is widely considered to be the most valuable asset owned by fiat chrysler because sales totaling about 1.4 million this year worldwide and they are just scratching the surface in china which is a huge suv market a

coldwater on the process of fiat-chrysler. are no talks between the companies and it may not pursue a takeover of the jeep division. commenting one day after expressing interest, there are big uncertainties whether it will continue to study fiat-chrysler. john watson who has led chrysler's is 2010 is reporting to step down. with theople familiar matter, the company has not yet made a final decision on a successor but michael worth is seen as a leading candidate. an announcement is likely to be made next month. top apron has lost the human resources executive. a temporary hiring freeze of salaried employees and firing half its routing team. -- recruiting team. on augustinternally 10, the same day the company decided to halt the hiring of salaried employees. the move comes just as lou apron ramps up a new fulfillment center to help the troubled company expands. -- expand. manus: thank you very much. let's talk to the hermes investment management. we talked about addicted to base. 2051. this is the industrial metals index, up by

coming up, why chrysler thinks a for jeep could cost millions.his is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. automakers around the world look and chrysler for potential for much more. chrysler is forecasting sales of believes theps and brand could eventually deliver 7 theion units a year as demand for suv's rises around the globe. we want to bring in our auto reporter, jamie butters, who joins me from detroit. does the brand intend for this to happen? jamie: he feels that jeep is such a strong brand, identified worldwide with the suv crossover movement that has become so he could haveinks 20% market share in with all the competition and sees it growing to maybe a third of global volume, 30, 30 3, 30 5 million utilities a year. 33, 35 million utilities a year. what seems to be going on, as my great colleague reported, it looks like they are probably going to spin off alfa romeo, maybe spin off the components business, the parts business, and then have a skinnier, less debt laden fiat chrysler that its centerjeep at and be

. >>> the largest suv maker is interested in purchasing the fiat chrysler and the chinese

. >>> a chinese car maker is considering making a bid to buy fiat chrysler's jeep unit.iat chrysler says it's not been approached by china's great wall motors about its jeep brand or any part of its business. if the move were to happen, it would give the chinese automaker a global brand. earlier this year, the chairman said his goal was to become the top specialty suv producer by 2020. that sent shares of fiat chrysler higher. >>> well, if you grew up in the '60s or '70s the volkswagon bus was an iconic image from that era from woodstock to scooby doo, the microbus captured the spirit of the days and volkswagon is hoping to recapture the magic but with a modern twist. phil lebeau takes a look at the updated all-electric van called the idbuz. >> reporter: it's a blast from the past planned for the future. voke wagon's idbusz zz is an electric van hitting the streets. >> it also carries into the future with all the electrification and sensors which will make the car fully connected and autonomous. >> reporter: volkswagon may pack the latest technology into the idbuzz but h

us >>> fiat chrysler reportedly puts the brakes on a takeover offer. that's where we begin tonight's market focus. according to a report from automotive news, fiat chrysler recently rejected the bid from an unnamed chin niece aese auto saying the is too low. shares of fiat chrysler rose more than 8.5% on the session to finish at $12.60. >>> the food distributor, cisco, said strength in its international operations helped the company's results beat estimates. shares still fell, though, down almost 1%, to 51.09. >>> vf corporation which owns brands, the north face and timberland, said it would buy work apparel maker williamson dickey. vf corp said it would strengthen their work wear business and add to this year's earnings and revenue. shares of vf corp rose 3%. >>> vm wear expects profits and sales for the current quarter to come in ahead of street targets. the provider of cloud computing software said it's seeing strength across its product p t portfolio and expects the trend to continue. as a result, the company lifted. shares were higher by 6%. >>> t

of fiat chrysler?of jeeps are made in china already. i don't know if it is such a drastic change for america. we have two strong companies. i don't know what opposition will look like for this deal. i don't know how well jeep would perform under chinese ownership. stuart: why? >> well, under american truck buyers, when they, i mean i guess there already have been ownership changes for jeep. american truck buyers, will they want to buy, untested so far. a chinese truck, will that sell well in america? stuart: how about bud wisers? >> right. stuart: the parent company is a belgian company. has bud sales gone down because of that? >> that is an excellent point. they have market shares of issues in the u.s. i don't know when you saw a bottle of budweiser. i saw one on the golf course. they replaced the budweiser with america and looked like a flag wrapped around bud wisers. i think they're struggling with market share. stuart: that is a fair point. talk about walmart. they seem to be emerging as a principl

that is fiat chrysler shares.his is a start showing the yield on the german ten-year, the white line versus the euro-dollar, which is the blue line. back in july, it was at a 16 month high -- an 18 month high in july. the euros 12% rally since the beginning of the year. there's a threat in exports. the international standard bank sees sustained exchange rate strength extending more supports to your area bonds. the ecb still widely expected to announce as early as september a plan to scale back its asset purchases. a strong bureau mean slower stimulus tapering than previously estimated, which ties in nicely to jackson hole on friday, when mr. mario draghi takes to the podium. vonnie: fostering a dynamic global economy. we finally got the scheduling out on thursday. we finally got the theme for this year's event. let's get to u.s. politics and what is next for president policy agenda following the ouster of white house chief strategist steve bannon. steve bannon told "the washington post" over the weekend that if th

take a look at shares of fiat chrysler and general motors.s to make a deal if the price is right that's why shares of fiat have moved higher relative to general motors in the last year. phil lebeau, thank you >> queen b has a new hive. "power lunch" back in two. whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. of the iman that was killed as the master mind of the attack. 15 people were killed. >>> firefighters had their word cut out for them along the crotia coast fire villages have been evacuated as that fire inches closer to homes and buildings. more than 100 soldiers had been called into help >>> plans for people to visit russia are in the works. hi

but investors cheered by this news in terms of fiat chrysler? the company can find a way to perhaps sell off the cheap brand instead of the whole company, it's a way of getting access to more cash for that. typically, that tends to please investors, so that is not perhaps so surprising that they've reacted positively to use of the overtures. thank you very much. crawford falkner has more than 25 yea rs crawford falkner has more than 25 years trade experience. the uk wants to strike more trade deals as we leave the uk. spare a thought for the boss of the 100 ftse companies in the list. their pay has fallen according to accountency firm deloitte. the company says it looks as though policies aimed at capping bosses' pay may be work. you could be infora bosses' pay may be work. you could be in for a nasty surprise if you charge your electric car at the same time as using other appliances like the kettle. the national grid says using a powerful car charger could trip a using a powerful car charger could tripa mains using a powerful car charger could

now chrysler is partnered with the company to offer chrysler pacifica minivans to kango drivers, givingeace of mind to parents with more than 100 safety and security features. >>> the california-based kango will deploy the pacifica hybrid vehicles in the fall of this year. the service is currently only available in the san francisco bay area, but the partnership could lead to expansion in other cities in the near future. hopefully your kids aren't going that far. >>> also, apple may be partnering up with aetna. there's talk that the insurer is planning to offer a free discounted -- free or discounted apple watch as a perk to its members. there are more than 23 million members. that could be very good for apple and the apple watch. it offers health and fitness tracking as its primary use. >>> the hacking continues to trouble hbo as cyberthieves release even more future episodes on line. yesterday hackers leaked a stolen upcoming episode of hbo shows including "curb your enthusiasm" and "insecure." the hackers released a show that hasn't even aired yet. there are reports the hackers deman

said that, they have not formally contacted fiat chrysler i talked with people at fiat chrysler they'reot scratching their heads. they realize there is interest in the market. they said that he wants to do a deal with a number of automakers, potentially by the time he steps down as ceo at the end of next year but having said that, you've got to step up with something. you can't just say we're interested in buying you and there has not been a formal proposal and this one is a little baffling from the standpoint of you get your dmukz a row before you come out and say publicly we want to buy a particular entity. that doesn't appear to have happened so far with great wall which by the way has backed off a little bit and said yeah, well, we really haven't made a formal proposal. >> curious, how many anti-trust regulators would get involved in that does it go through a u.s. jurisdiction or just europe and china? >> yes oh, yeah sipius would get involved, the committee for foreign investment in u.s. entities because you're talking about these jeep plants and you're talking about even though fi

line, hashe blue overtaken chrysler.ri is the white line and chrysler is the blue line, currently worth about 1.9 billion euros more. , and out to brokerage cross, all have increased their price targets by about 25% or more after last week's earnings and reports of expansion plans which may include adding a in the sportsater car offering. wonderful shot showing the fiat chrysler blue line, ferrari gap in markets, capitalization. finishing with mining stocks, after two years finding shares -- mining shares have reversed the slump and pushed the gauge of prices back to its lowest in more than a decade. upload by companies to less profitable operations along with a resurgent chinese steel industry and refining demand for industrial chinese steel industries and demand for industrial metals. the bloomberg world mining index, it doubled since january 2016. that is the white line. the blue line is the commodity index. the measure still about 50% below with commodity prices boom then bust. the difference is between the world min

. >>> chrysler may consider spinning off luxury car brands maserati and alpha romeo. the two brands combined are worth more than $8 billion. chrysler shares up 7% to 1742. >>> la-z-boy continued to fall after the chair retailer reported disappointing results after the bell yesterday. the gains seen in the latest quarter came mostly from acquisition, not from expansion in its most popular division. today la-z-boy said it was in talks with amazon regarding distribution opportunities with that e-commerce giant. la-z-boy reclining just a bit today, plunging from 28% to 24.55. >>> sonoma stronger than normal gains and a look at quarter earnings also cleared street targets. shares rows in the extended session and they rose at 4340. >>> samsung found itself in the spotlight. the company rolled out the newest version of its flagship smartphone. they had an exploding battery last year. as reported from new york, it's samsung's reputation that's on the line. >> reporter: this launch is seen as samsung's redemption moment. yes, samsung made the screen bigger. and the new gallaxy

jeep is fiat chrysler's crown jewel. accounts for most of its profits with low gas prices spurring demand. jeep sells 1.4 million cars globally. that's more than any other brand in the u.s. fiat chrysler tells cnn great wall has not approached the company yet. but fiat has been looking for a buyer, partner for years. costs are rising for things like meeting fuel standards and developing new tech. a chinese buyer for a detroit automaker, that faces political hurdles. the u.s. is currently re-examine its economic relationship with china, especially over manufacturing. this deal runs up against president trump's america first mantra. trump has criticized automakers including fiat chrysler for moving production outside the u.s., threatening u.s. jobs. currently about half of the jeeps sold are still built in the u.s. >>> navy officials say the "uss john s. mccain" suffered a "steering casualty" just before it collided with a commercial tanker near singapore. the head of naval operations expected to order a rare operational p

shares in fiat chrysler jumped 3.5% on the news. more on that shortly.ors that they are not lending recklessly but critics have warned that the lending boom bears many of the hallmarks of the financial crisis which hit in 2009. more than 100 leading robotics experts are urging the united nations to take action in order to prevent the development of "killer robots". in a letter to the organisation, artificial intelligence leaders, including the billionaire elon musk, have warned of "a third revolution in warfare". could the italian american car giant fiat chrysler soon have a new owner. a chinese one? the chinese carmaker great wall motors says it's interested in buying fiat chrysler — the world's seventh—largest car maker. it follows reports that the two sides met to discuss the sale of chrysler'sjeep brand. jeep, which celebrated its 75th birthday last year, is considered the most saleable brand and is one of the most ‘all—american' names in car making. shares in fiat chryslerjumped 3.5% in milan on the news. but president trump has criticised similar d

that's in line with what fiat chrysler said.ichelle is going to stop us for a second. >> i think it story is extraordinary, if you go back and real some of the original reporting. "automotive news" set they received an e-mail from the ceo of great ball. who does m & a this way? instead you tell a reporter via e-mail we're definitely going to buy it it's bizarro-land to me. you covered m & a. >> now they're playing the technicalities, did they get in touch -- clearly there must have been some back-channel -- >> how often does somebody on the record confirm to you via e-mail they're making a bid for a company without anything official -- >> i'm saying it's unusual. >> exactly call it what it is it's weird could we reach peak facebook according to research company e-marketer facebook will see a decline in teen users, the first time e-marketer has ever predicted a drop also the national transportation safetyboard has now scheduled september 11th for a hearing to determine the cause of a fatal may 2016 crash of a tesla model. that ca

but we're hearing fiat chrysler deny in a.reat wall up 1.6% in hong kong >>> time for the must reads. my pick is in the financial times titled in-sur begins city fits the campaign trail but flits the white house. write williing mr. trunmp's innl is like the hotel california mr. bannon's parting could endanger mr. twrumpg the big question has always been whether mr. trump would convert the republican part of the establishment to mr. bannon or whether it would enter a period of crisis. now we have an answer. so framing that departure as -- making the skrn repogeneral rep he may be still an adviser on to the president and with him back this breitbart, might be able to get the base back behind mr. trump. but we'll see what happens but that is a big focus for wall street and the fact that we didn't see likes of mnuchin and cohn follow mr. bannon, so perhaps slight support in the markets this morning >> not that i know mr. bannon at all, but i don't see him leaving his politics behind. so my choice is from the "wall street journal,"

chinese automaker great wall confirmed its interest in purchasing fiat chrysler automobiles. yeah chrysler is the seventh largest auto maker in the world a and is seeking a partner when you stop and tk about, we got to change the books whichch are sexist and racist. give me a break. columbus discovered america? everybody knows that punk got lost. amy: the pioneering comedianan d civil rights activist dick gregory has died at the age of 84. we will look at his remarkable life from being the first african-american comedian

great wall of china automaker great wall is a leader in china is set now to snap up the division of chrysler in a push to become the world's number one specialty s.u.v. maker and on to the north sea it's expensive for deep water drillers but one french company has staked a claim in the region by snapping up an oil and gas company by those low oil prices we've seen so much job and the massive eighteen tee time warner deal advances under regulatory review some fear a monopoly but lawyers are pushing forward we take a look at what could happen to eighteen t.'s user data as part of this agreement stand by right now. i. find out how they got some fast growing auto manufacturers and now one company is in talks to bid for chrysler's jeep unit great wall motors admits it is in an ambitious new step talks on to the global stage and what it would place great wall at second position in the chinese auto manufacturing industry if it did snap it up the great wall sold just fewer than one point one million s.u.v.s last year behind jeeps one point four million says jeep is on the chopping block as its abili

fear chrysler considering mass-market cars.nlian-american come say thatl brand, they would make fear chrysler more tractive for a possible combination. posting second-quarter earnings and missed estimates are net sales also came up short. posting better same-store sales growth. we will have more on those coming up in a few minutes. thank second is at bank of america are debating whether the eu trading hub -- where the eu trading hub should be after brexit. the -- vonnie: oil inventories in the u.s. let's get a check of u.s. markets and where we stand right now. getting back some of yesterday's gains dow is down at down quarter of 1%. the s&p 500 lower on disappointing earnings reports. a second day of declines. the winners in the s&p 500 include foot locker and some of the chipmakers. this is bloomberg. ♪ vonnie: we are moments away from for a drill down of more than 3.2 million barrels. as always, you can follow bloomberg coverage for weekly inventories at the function t live go. >> they have just come out and we are looking a

and eventually daimler chrysler was waiting to sponsor my work visa because the supply of the visa less than the demand so i was stuck in for five years with zero progress. so eventually i got married. at the end of the process i got married so that's how i became u.s. citizen through marriage. >> host: do you think if you hadn't gotten married you'd still be in the system. >> guest: probably not because by the end of the five year waiting run out of options and you talk about a hurdle. that's another hurdle. when you do not how long you can legally stay, cannot buy a house, i cannot easily change jobs bus the next employer has to be able to ready to assume all the legal costs and risks to help continue the process and not many police employers wastio that. i'm at the thorns rope back then and have to leave. >> host: so you right about rite about this in your book, the broke welcome mat, is the burden on employers or schools to say, yes, we want her to stay, and then they have to prove that you need to stay? >> guest: the burden is really mostly heavily on the applicant. so, this is ano

ford and chrysler otherwise known as the big three all posted bigger declines than expected in july the only automaker to post better than expected sales was a nissan with a three point two percent drop rather than a three point three percent and one as you might imagine that hasn't done much for auto stocks by tuesday morning shares of g.m. were down three point four percent ford was down two point eight percent and chrysler was down zero point three percent on the other hand some analysts are feeling positive about the industry as other parts of the economy recover for example as construction picks up the demand for full sized pickup trucks is expected to jump but as other industries grow especially in the tech space it's uncertain how much outside growth will be able to offset the auto industry's biggest challenges bianca let's talk about the biggest challenges that are facing the u.s. auto industry what's causing the drop in sales that you were just telling us about there was a lot to go over a year or so i think. the most obvious is right. and left you get yourself for anywhere fro

group buying group state owned begin are looking at to buy chrysler so u.s. is going to be down to two automaker g.m. and ford or chrysler will be sold by fia within you know within the year so chinese buy in essence it is they'd save mostly focused on europe for politics the state of the united states but you know you could continue to see who knows what eventually go for say oh yeah why that you know warren buffett you just sell berkshire hathaway to china for five hundred billion six hundred billion dollars and walk away from the table and having achieved the greatest heist of assets in the history of america. to have a foreign power as you say nothing is off the table now aside when north korea for a second reportedly has between six and ten trillion dollars of natural resources this mean they have you know what's going to happen there that's a lot of natural resources china's in the mix the u.s. is in them in their own north korea is back in play dan how do you see this unfolding. well i mean north korea is the x. factor because the leaders you know craz