the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still lantis group so these she measures we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel. and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes uli still and his might have just come together but it

the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as they're still lantus group so if you measure we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide which will go off. it was a bumpy road but now p.s.a. and fear at chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes usually still and his might ha

not exactly unknown it's the fusion of car makers chrysler out of the u.s. and france it's now the world's 4th largest auto company but is the largest for the car industry's electric digital and possibly automated future is a look. still mantissas portfolio includes pleasure opel and sits home all of which are very popular in europe and chrysler has added venerable u.s. brands jeep into the mix. the new transatlantic automaker owns 14 stone mantis is now the world's 4th biggest co maker off to vote track and toyota and the red no nissan mitsubishi alliance. c virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on his hopes to make an easy a shift into electro mobility. analyst 4 counts that the merger could see the closure of underused factories virus is notorious for tough cost cutting measures the official line however is that all counts will remain open. so how did the markets received the losses on its 1st day our financial corr

and fear chrysler. and betting on bio gas will look at the energy source the germany hopes will help it and its reliance on fossil fuel. this is due to be business on. welcome to the program. now when it comes to customer data commercially sensitive documents or even secret production plans companies no longer storing them on servers in their basements they're using cloud providers like amazon google and microsoft and there is no unified standard to speak of but since last year a german french initiative has promised a european alternative guy x. aims to stand out against the competition by being quick secure and using a set of rules that everyone dares to more than $300.00 organizations are already involved in guy x. including major unknown europeans such as amazon microsoft and china's far away so what would the advantages be for european companies well that's a question i put to suzanne damore from bits com which represents thousands of firms in germany's digital sector well the general idea of guy i

carmakers he had chrysler and p. as a c.e.o. their long awaited merger on saturday creating still lantus the world's 4th largest auto group the 14 brand all the giant is not only expected to take on industry heavyweights like fox wagon and toyota but also to have deep enough pockets to fund the shift to electric driving. distance of his portfolio in cade's. opel fiat's and sit home cars on which a very popular in europe and chrysler has added venerable u.s. brands don't keep into the mix. then you transatlantic were to make a owns 14 grams stand on tissues now the world's 4th biggest co make an offer of oaks mike and toyota on the run no need son mitsubishi alliance. c commerce to bomb is hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on to sites to make an easy a shift to and train my ability. analysts full cost that the merger could see the closure of underused factories congress to vote as is notoriou

the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still land to scroope so if you measure we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide which will go off. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. still and his might have just come together but it may yet ha

and fia chrysler makes its trading debut bringing together a whopping 14 different brands.and samsung's top last. returns to prison an appeals court sentencing jay widely to 30 months in a retrial of his corruption case. global welcome to the show i'm stephen beardsley in berlin it's good to have you with us 9 months without a real stream of foreign visitors that's the limit facing south africa's critical tourism industry since the beginning of the pandemic how important is tourism where it employs 740000 people directly and almost twice as many indirectly and the government banned international tourists in late march 2020 and it prohibited terse overnights at hotels at until rather the end of july 2020 course that would affect mostly domestic tourist not the real focus there for the industry restaurants to force to close for months or restricted only to take away options now many restaurant hotel owners had signed up to sun times contingent business interruption insurance but south africa's biggest insurance company is now challenging their claims and for more on that i'm

and fia chrysler makes its trading debut bringing together a whopping 14 different brands. and samsung's top boss returns to present appeals court sentencing jay widely to 30 months in a rich. proud of his corruption case. hello welcome to the show i'm seen beardsley in berlin it's good to have you with us 9 months without a real stream of foreign visitors that's the dilemma facing south africa's critical tourism industry since the beginning of the pandemic how important is tourism where it employs 740000 people directly and almost twice as many indirectly and the government banned international tourists in late march 2020 and it prohibited terse overnights at hotels at until rather the end of july 2020 course that would affect mostly domestic tourists not the real focus there for the industry russia wants to force to close for months or restricted only to take away options now many restaurant hotel owners had signed up to sun times contingent business interruption insurance but south africa's biggest insurance company is now challenging their claims and for more on that i'

not exactly unknown it's the fusion of car makers chrysler out of the u.s. and france it's now the world's 4th largest auto company but is still on says agile enough for the car industry's electric digital and possibly automated future as a look. to says portfolio includes. opel and sits home all of which a very popular in europe and chrysler has added venerable u.s. brands keep into the mix. the new transatlantic automaker owns 14 grams now the world's 4th biggest co maker off to vote track and toyota and the red sun mitsubishi alliance. c. hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on his hopes to make an easy a shift into electric mobility. analysts cons that the merger could see the closure of underused factories. as is notorious for tough cost cutting measures the official line however is that all counts will remain open. so how did the markets received the losses on its 1st day our financial correspondent chelsea delaney ha

we've started seeing the cars from various manufacturers, bmw, fiat chrysler, others, come to fruitionast few years and now with the addition of alexa custom assistant it allows us to add even more flexibility to add it in and build it in moving into the future. >> david, when we think about the ways in which voice has been refined over the years, getting better at understanding slang, getting better at understanding accents, better at filtering out ambient background sound, where are we what remains the toughest nut to crack? >> yeah, the north star is to try to re-create that "star trek" computer we all grew up with and thinking about that, that computer could answer any question, understood any language and the other thing human beings are great at we have great short and long-term memories we have context and remember that even the advances with alexa and ai, we still have a lot more work to do the first thing is we need to get her more contextual and have that memory and understand what's going on around you and personalize. we see alexa getting more proactive, already one in five

leigh-anne: fiat chrysler and psa groups merger is finishing the finish line. two are poised to get shareholders to sign off on the deal which would create the world's fourth-largest automaker. executives thinks they will be able to boost returns and have greater resources to compete in electric cars. of its 2020hort target, missing its goal for delivering half a million vehicles by 450. it cap say year in which tesla joins the s&p 500 with shares rallying over 700 are sent in 12 -- percent in 12 months. in 2021, the firm is expanding in china and opening new factories in texas and germany. that is your bloomberg business flash. francine: thank you so much. coming up, the u.k. is going it alone after the departure from the eu was sealed in the new year. we take a look at what happens next and what it means for both sides. i want to focus time on equivalency and what it means for the financial services, when we will have a lot more clarity on that. in the meantime, if you look at the main market moves, i would suggest it is dollar lower, gold up, and bitcoin nea

for 2 as a result folks lock in has slowed production down in germany ford nixon and fi at chrysler have taken similar measures let's talk a little bit about all of that now and i'm joined with ana marie abased and she's head of country risk and industry research and fitch solutions in a fog in the united kingdom good to have you with us so could you 1st of all tell us a bit more about the scale of disruption that comic has currently experiencing. yes good morning this is global disruption as far as the carmakers are concerned we're hearing reports of their operations in asia in year in north america all being disrupted for some of them they're able to just close for a day some they're just reducing hours at some of their factories and for some they're closed longer term and of course this comes at a time when they're trying to increase their sales because sales are starting to take again after the pandemic and so we're also seeing reports of some carmakers trying to be strategic in how they allocate the chips that they do have so ford for example gave an example day in north america it'

it rose more than 7% as the ticker replaced the fiat chrysler symbol.n paris for the new company listed. the boss carlos tavares will lead a car giant worth more than $38 billion. bmw response to concerns about the price of trips for the auto industry and expect prompt delivery. it is watching the situation closely and reports chipmakers are concentrating and intimate from consumer electronics companies. tesla says it has become the first deliveries of the modely suv built in china. the car can run for almost 600 kilometers on a single charge and can start over $52,000. tesla says it has established a chain of more than 720 charging stations in china which we know is critical for the success of electric vehicles. now for the latest on stocks to watch as eight is it trading get underway, back to sophie kamaruddin in hong kong. sophie: aside from rio on its production update, after rbc said the risk for the minor will increase over the next few years, most notably with the iron bridge project. raising its price target. on the deal front, keeping an eye on

monday saw the market debut of the new name of the car company that includes fiat chrysler.he merger was finalized over the weekend crating the world's fourth largest car manufacturer by volume shared shares rose over 7% in paris and milan. moving on to some of the after business headlines. joe biden is planning to issue a number of executive orders once he is sworn into office this week including a u-turn on a controversial oil pipeline. the keystone xl wheel project aims to streamline the delivery of half a million barrels of crude oil per day from alberta, canada to refineries i texas. biden and barack obama have expressed concerns about the environmental impact. the president elect is reporting to evoke the permit. a french oil giant is buying a 20% stake in india's green energy. the two and a half billion dollar deal would give the company a stronger footing as it struck -- is it tries to shift to renewable energy sources. disneyland paris will not open its doors until at least april, seven weeks later than initially planned because of the coronavirus pandemic. the them

fiat chrysler up more than .25%. the deal should be done by the end of march.he name will be shiny and new, just like a new car. the vehicle giant saw strong shareholder report and the deal will combine some of the hottest names out there, jeep, fiat, dodge, maserati, peugeot, citron and opal. merger plans were announced in 2019 before the global coronavirus pandemic. terms were amended this past september, taking into account the new world order which led to a sweetened offer for fiat investors. there was a lot, by the way, of m & a. last year m & a was so big, deals hitting a total of $3.6 trillion in 2020. astonishing, right? only down about 5% from 2019. this included the s&p global $44 billion acquisition of ihs market, amd snapped up xilinx for $35 billion and astrazeneca absorbed alexion in a $39 billion deal. now we have car makers following in suit, strongly following, if you will. liz: who comes up with these names? did you know my very first car was, god, it was like a 7-year-old peugeot turbo diesel with 101,000 miles on it. cheryl: i want pictures.

shareholders for chrysler and france's p.s. have overwhelmingly approved the 2 automakers merger creating the world's 4th largest car company to merge firm will go by the names to lantus and be home to brands like peugeot citroen in jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resume talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan in egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. was something unusual happened in november in the cocoa industry american chocolate producer hershey's. purchase rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast

carmakers so if you had chrysler and p. as a c.e.o. their long awaited merger on saturday creating still lantus the world's 4th largest auto group in the world the auto giant is not only expected to take on industry heavyweights like fox wagon and toyota but also to have deep enough pockets to fund the shift to electric driving. distance of his portfolio in cade's pleasure opel fiat's and sits home cars all of which are very popular in europe and chrysler has added venerable u.s. brands dodgin jeep into the mix. then you transatlantic to make owns 14 grounds stand on tissues now the world's 4th biggest co make an offer to folks back and toyota on the run no nissen mitsubishi alliance. c camos to bomb is hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on to say to make an easy a shift to and train my ability. analysts full cost that the merger could see the closure of underused factories congress to vote as is no

. >>> shareholders of fiat chrysler and the parent company psa have given the go-aheado a merger.will create the world's fourth largest call maker to be called stellantis. the europe-based auto makers launched the talks two years ago. the eu granted anti-trust approval for the deal last month. >> we believe that the coming decade will redefine mobility as we have known it. we and our merger partners are intent on playing a leading role in building this new future. and it is this addition that has brought us together. >> brands within the combined company will include peugot, fiat and jeep. stlantis will trail volkswagen and the nissan and mitsubishi alliance in terms of global sales. executives reportedly hope to focus their expertise and resources on the development of electr vecles. they're aiming to complete the deal by january 16th. >>> on day two of our series of reports on key economic issues in 2021, we look at the global digital shift. the spread of the coronavirus issued a new normal, accelerating the digitalization of society. but the changes are posing many challenges,

chrysler is almost at the top of that large. families power level of the price here so it's gone where. yeah i turn a half an hour into the last 100 years it's a very fragile cat or glass or if you want so when are that china going to last another sort of trade of 300 years and then most of it will be gone. in our descent the storm took us by surprise. at the foot of the volcano you could glacier confronted with the vastness of nature and suddenly few very very small. blip was far more extreme than i expected with all the storms of the ice fingers it was just reminding. me. let's go back indoors now over the past 20 years munich based staff and its has created a wide range of everyday objects his designs are the combination of traditional craftsmanship and the latest technologies he has a look at some of his newest and a what's winning creations. colorful minimalistic and clever objects designed by munich stefan dietz range from lamps to furniture to table where. else they have one thing in common understated functionality. good

the last time i was in detroit, i was in the fork land, edge could have been general motors or chryslernt. i saw press stepping out fenders and i asked the foreman, how does it operate? he told me the man pushes the button and conveyor carries them away. >> how much is a machine like that cost? >> half $1 million. >> just one machine? >> just one. >> in american industries the cost of power tools and inventories was $35,000 per worker. american industry put out the capital so they can produce more and better goods, less laboriously and in a competitive market, so more people can enjoy it more and better products. that is the american capitalistic system. is that wrong? >> no. >> than what is wrong? [glass smashing] >> that is wrong. we have to put a stop to that foolishness. >> to think we can do it alone? >> not alone. i have done it once, i can do it again. this old musket. sorry, the best i could buy. it is quicker but i will straighten it out. >> how about that? quite a family i am from. >> and quite a country they built. [shouting mob] >> wait a minute, fellas. >> what is the matte

it rose but 7% with the ticker stla replace the fiat chrysler symbol, in paris the new company listedof peugeot. a car giant worth $48 billion. bmw responded to concern about supplies of tips for the auto industry by insisting it's ordering components and expect prompt delivery and is watching the situation closely amid reports chipmakers are concentrating on demand from consumer electronics companies. audi says it will delay some higher end models and furlough some stuff due to ship -- chip shortages. evergrand planning to declare a $2 billion bond early and avoid a premium pay out and says it will redeem the principal on 10 feb, and has arranged necessary funds. it says the redemption plan shows its cash strength and it pledged to cup obligations further -- cut obligations further. haslinda: chinese money washing into the hong kong stock market like never before, raising the likelihood of the hang seng index becoming 2021's star performer in asia. that flows pushing toward 2 billion box. -- bucks. can this reverse what we are seeing? hsi has been an underperformer. this will change

this is bloomberg. ♪ matt: fiat chrysler is going to formally merge with french auto group psa latershareholders approve the plan yesterday. the company will be called stallentis, which is weird but it will become the fourth biggest carmaker in the world. joining us now is bloomberg european auto team leader, craig trudell. i think this is such a cool story because there are so many brands now that are so spread out. you cannot by a peugeot or reinoehl in america. you cannot get a ram truck in europe. they are all over the place. they have the superstar ceo. what do we expect from carlos tavarez? craig: he has done some really interesting things that psa and giving people like you reason to be excited about what's going to happen with this combined company. because you look at what he's done at psa, it was a company that was really struggling when he took over as ceo. he actually left renault and was reporting to carlos ghosn actually before he joined psa. and the job he's done turning that company around a few years m andacquiring opel from g doing what gm was not able to do for dec

that they've put together and these automakers include vokes wagon nissan and chrysler and essentially there they were all affected to get by not being able to get the technology that they need for the computers in their cars so what the trucking ministration was able to successfully do was was go to war with china on trade by controlling a lot of the technology that they were sharing around the world and having an impact now the big question moving forward is how much is the buy administration continue that war with china and certainly on the trade side of it or do they walk back to these executive orders and allow for for greater trade and technology to be shared my guess is rachel that by administration is going to do that because i think what's a much more normalized relationship with china and doesn't see china knesset. the earliest approach trumps all of this you know and it really will be interesting to see exactly what he decided to do especially when you have these companies and these industries are really hurting after a few years of all of those policies that we've seen carr

success would come after fiat chrysler marched with renault -- merged with renault.ng to be another eventful year. here are some of the key stories bloomberg will be watching. not surprising, the first thing on the agenda is joe biden. first of all, his swearing in on the 20th, which follows all the promises he made during the campaign. they pretty much fall into two categories. one, where they can be carried out in the first days in the oval office, and those that will be extremely difficult number at or how long or how hard he tries. issues like climate change, immigration, taxes, guns, and don't forget foreign policy. biden sees the u.s. at the head of the table, leading the world to address the most urgent global challenges. and linked to that of course, relations with china. how will that go? will the ease on the tensions that we saw from trump? a lot of questions, and we w ill be watching. rishaad: yeah. what will the answers be? that is the other thing here. may well get answers when it comes to countries which are democratic of course. this year it was domina

it rose 7% of the ticker stla, replacing the chrysler symbol.he stock rose and paris listed in place of peugeot. the car giant worth nearly $48 billion. weighing a listing in the u.s. that could raise to million dollars, reuters says the deal is not final, with regional rival gojack in talks. grab ceo anthony tan is resisting pressure from softbank to give control by tying up with gojack. haidi: we are seeing in this market session mild positivity trading in stocks here in sydney, reversing weakness yesterday in materials and financials up eight -- up .8%. analysts expect further upside for aussie shares, with expectations the consumer recovery will continue. we will watch the minors with numbers looking to cash in on demand from china. we are getting breaking news, california becoming the first state, to top 3 million covid infections, according to the associated press. we will get more details on that. clearly the virus will continue to impact the markets, particularly in the absence of a strong vaccine roll. s&p futures up .25%. no trading in

matt: that's right, the merger of psa and fiat chrysler. fascinating issues, it won't be traded in the u.s. today because it is mlk, martin luther king jr. day, so you could see some price discrepancies tomorrow that can be taken advantage of by u.s. investors. number two, this company, everybody is watching it closely because carlos tavares is the superstar in the automotive world and kind of taking the reins from sergio marchionne in a way as far as his aura, but now taking over sergio marchionne's former company in a sense. interesting to see what he does with this behemoth that has so many regionally dominant brand and also, i love the ticker, spla. it is very italian somehow. do you feel me on this? anna: i'm not sure i am. you can explain it in the break. we will take a break as we start european equity trading. equity futures suggesting downside. we are without the u.s. today so keep that in mind through monday's session. the open is next. this is bloomberg. ♪ anna: welcome back to the european market open. a minute to go. 6.5% growt

you chrysler has merged with the french auto group.oves, they will the fourth biggest carmaker in the world. it ends with a tie up ahead of schedule. fiat managing to catch up relations after an attempt to join first is that forces with arrival. they will take the carmaker into the future. >> we believe that the coming decade will have mobility as we have noted. atand our merger partners psa are intent in building this new future. this ambition that has brought us together. apple supplier foxconn has signed a deal with a startup, marking a big bet on sector. they will produce cars from the start of next year. they plan to invest $200 million in the venture. they have been struggling to deliver their first electric car after announcing the empire several years ago. bridgerton is on pace to be one of the most-watched shows. rymes has made this show the fifth-largest show on netflix. even though it has not passed money highest, or the documentary tiger king. the most-watched program in 2020. kathleen: let's get over to sophie kamaruddin w

fiat chrysler and psa group's merger is nearing the finish line. poised to get shareholders to sign off. it will create the fourth-largest automaker. it will boostnk returns and have greater resources to compete in electric cars. tesla fell short of its 2020 target, missing its goal of delivering half a million vehicles by 450. joins thewhich tesla s&p 500 with shares rallying over 700 are sent in 12 months. expandinghe firm is in china and opening new factories in texas and germany. this is bloomberg. that is your bloomberg business flash. matters is valuation the creed of our next guest. a time of says in surging markets, equity inflation is paramount. if i'm not mistaken, i saw the face of warren buffett creeping over your left shoulder. let me ask about the picks you've got at the moment. they seem to be related to the housing market. what is it that appeals right now on that front aside from low interest rates? yeah, the supply is tight in united states so in 2020, we went into an era where housing had been strong. you go into lockdowns that m

mitsubishi, but you are going to be in a sort of david and goliath situation soon when you go with fiat chryslerll the brands that come under that umbrella. do you think it will be hard to go against the fence competitor with so much scale? >> well, the difference of scale , there is not much difference in scale. what we need is to leverage to the maximum extent. again, 80% of our volume -- you look at the volume for each one of these platforms. we don't have any obstacles in order to be competitive with a strategy. alix: that was the renault deputy ceo speaking with matt miller. matt, thanks for staying up for me here. why did it take so long to get back to profitability levels? matt: that's a good question, and i kicked off with that. only in it for 3% operating margins by 2023 and they say they can boost it to 5% by 2025, which seems to me, coming from my background reporting on ford and gm with the super profitable big trucks -- pickup trucks commit is crazy low. renault had operating margins pre-pandemic of 4.8%. her concern is, as she just told us they are dumb it is going to cost a lot mo

toyota said that december sales are up from the year before and chrysler saw a bump for the end of the year. still nearly all major car makers anticipate total losses for 2020. >>> there is more trouble for macy's as the department store announces it'll close about 45 locations by midyear. the company is expected to announce which stores will close on their website today. its part of a plan announced before the pandemic to close 125 stores by 2023. >> new parents could be owed some additional coronavirus relief money from the irs. how much are we talking about? >> more than a thousand dollars. pretty good. if you had a baby in 2020 you could be owed all of that and a little more in coronavirus relief money. parents of children born before december 31th, 2020 qualify for $500 from april's stimulus and another 600 from the second package if they meet certain income limits. just make sure to point out your new addition on your return for 2020. >> i'm guessing fur babies don't count. got to be human. >> no. got to be human. >> all right. all right. thank you. parents will be glad to hear t

detroit 3 is gm, ford and chrysler.nies will continue to meet gm's new standards. john? >> fascinating to see it play out. very grateful for your time today. we'll see you back here on monday. don't go anywhere, though. brianna keilar picks up our coverage right now. > >>>. >>> hello, i'm brianna keilar and i want to welcome viewers here in the united states and around the world. we are following breaking news. cnn has learned that pipe bombs found near the capitol on january 6th were placed there the night before. this is according to the fbi. two pipe bombs were discovered near democratic and republican headquarters on the day of the capitol insurrection

detroit 3 is gm, ford and chrysler. we'll continue to see if those three companies will continue to meet gm's new standards. john? >> fascinating to see it play out. very grateful for your time today. we'll see you back here on monday. don't go anywhere, though. brianna keilar picks up our coverage right now. > >>>. >>> hello, i'm brianna keilar and i want to welcome viewers here in the united states and around the world. we are following breaking news. cnn has learned that pipe bombs found near the capitol on january 6th were placed there the night before. this is according to the fbi. two pipe bombs were discovered near democratic and republican headquarters on the day of the capitol insurrection. cnn's justice correspondent jessica schneider is following this. what more can you tell us, jess? >> reporter: brianna, since this happened on january 6th, the fbi has been releasing more and more information. they're now saying the bombs were placed near both of those headquarters, dnc and rnc, between 7:30 and 8:30 p.m. on

>> caller: i'm calling about fiat chrysler automotive -- >> i'll make it easy for you buy, buy, buy,is such a well run company, had are remash srkable run kyle in connecticut, kyle? >> caller: boo-yah, cramer. >> boo-yah cookie, what's happening? >> caller: hey, man, calling about kodak. they took a big 700 -- the 700 million getting into the pharmaceuticals. it's hovering $6, $8 what do you think? >> i don't know. what's the kid thinking in the background the kid sounds like she doesn't like it. i'll agree with her. i'd sell mark in pennsylvania, mark >> caller: boo-yah jimmy >> man, i like your attitude what's happening you must be from philadelphia. >> caller: i'm a rookie trader and i like your show and i have a two-part question i'd like to ask starting with apple. ever since the split, the stock doesn't seem to be doing anything should i buy, sell or hold >> that's unfair the best performer, best -- one of the greatest performers of all year it's been remarkable you know what? it's a stock that goes and goes and goes and stops and goes and goes it's fueling station right now i

shareholders at fiat chrysler have approved a plan to create the world's fourth-largest automaker.t will be called -- it will have the capacity to build 8.7 million cars a year. a company has agreed to buy another company for 7.4 billion dollars in cash and stock. both make cameras for defense and industrial uses. teledyne says there is little overlap because their technology involves different wavelengths. maker virtualket financial is headed to florida. the firm is signing a 10 year lease to accommodate about 30 people who volunteered for the transfer. that adds to the wave of financial firm setting up bases outside of manhattan in the wake of the pandemic. the headquarters will remain in manhattan. that is your latest bloomberg business flash. still ahead, more covid concerns. the astrazeneca vaccine approved in the u.k. is supply keeping up with demand as a postholiday surge is coming? we will discuss. this is bloomberg. ♪ erg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. stocks are under pressure amid concern a surgeon coronavirus cases could crimp the i cannot --

a couple of other stocks to look at fiat chrysler, ram fourth quarter pickup sales down 5% and toyota, its december sales up 7.5%. bottom line is this, melissa you continue to see strength for the automakers in part because of the tight demand but also because there's just -- or a tight market in inventory, but there's just a lot of demand out there and it continues to be extremely strong when it comes to full-size pickup trucks as well as suvs. >> i'm guessing, phil, that the automakers no longer have to include incentives >> well, there are incentives out there. it's not hard to find 0% financing. are they as lucrative and rich as we've seen in the past? >> like rebates and things like that >> you will finding that on certain models but if you say i want a full-size pickup truck and i want it loaded x, y, z, it's going to be very hard to find a deal out there you'll find some but certainly not what you would see in a much slower market. >> phil, thank you phil lebeau. that is stuping, an average transaction price that hit a record in the fourth quarter. >>> we want to tell you with

today is the first day of trading between the new fiat chrysler and psa combined company.t the market cap is 4.tuition billion. it shows you where investors think the value is in the future with rivian having that valuation right now. julia. >> just remarkable phil thanks so much for that. >>> and speaking of microsoft, it is also morgan stanley's top stock take for the recovery. these are the reasons why only on cnbc.com. we're back in a moment >>> welcome back ci citrix of reich stay-at-home capabilities that they can offer. joining us the ceo david henshaw and reich foundered and ceo, great to see both of you, david, give us your theory of the deal here because we associate citrix, of course, from being able to get work done from anywhere, focus on security and that but reich is deeper into this project management, the actual nuts and bolts of official work. what are you trying to accomplish >> if you step back and you think about this period of time, i mean, businesses aroundthe world right now are really looking to figure out what work in the post-pandemic how they cr

shareholders for chrysler and france's p.s. have overwhelmingly approved the 2 automakers merger creating the world's 4th largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen in jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. was something unusual happened in november in the cocoa industry american chocolate producer hershey's cocoa purchased rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory

buttigieg would be the first openly gay person to be confirmed by the senate for a cabinet post fiat chryslergreed to pay a $30 million fine to settle a federal criminal probe by former employees tied to a corruption scannal. in moscow, police have searched several property connected to alexey navalny where his wife is living we commemorate holocaust remembrance day. she asked lawmakers to protect germany from present day extremists that's the update at this hour halftime returns in two minutes' time sometimes, you want speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm. a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. good work little buddy. ♪ ♪ ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could ev

we are hearing names like nissan, honda, chrysler, they are all experiencing production delays for acars. some of the car manufacturers in china are in a fortunate position because they manufacture chips themselves, they have a ready-made supply. volkswagen announcing its being affected by the supply, although it did not quantify the impact. honda said last week it is going to cut domestic output by about 4000 cars at one of its output in japan. america a sport utility in kentucky this week, to help with the shortage. toyota is also cutting production of its full-size pickup trucks, one that is made in texas. this is due to the global shortage of semiconductors, and there is not a lot of clarity at this point whether this is a bottleneck that is going to be resolved in the next week, we can see this sustained into the future. she leaves our asia transport coverage. maker is upping the ante with tesla, lodging a mast produce electric car which could be the world's longest driving range. the chief executive spoke to bloomberg with why he says the car will not be in competition with the

of the company with the new name for fiat chrysler.uickly give you headlines on german chemical companies. basf has put out fourth-quarter adjusted earnings. the full year adjusted numbers, 3.6 5 billion euros. they say that is above their forecast. that is a stock you can watch at the open. i believe it is important to give our viewers a quick public service announcement. surgical masks, there is a metal bar. usually a strip. that you can bend in order to hold it on your news. the mask has to cover your nose and your mouth. anna: he seems to be wrestling with his. let's turn to italian politics. and i just where we are. giuseppe conte has survived. but failed to get an outright majority. how strong is this government? >> if you look at the votes from yesterday's session in the senate, which was wild, all kinds of things happen. two party officials decided they wanted to vote in favor of giuseppe conte. it was real italian drama in the senate. the numbers were very tight. the numbers are very clear. giuseppe conte has lost his overall

had this vision of king kong and the helicopters, you know, airplanes or whatever it was and the chrysler building. i thought, what's that going on and i couldn't figure it out. when i got to chris hayes the attorney general was on with me, and it was all about trump university. i realized they were trump. i thought, i never want to see that man and i never want to have anything to do with him because he's out there. i have not talked to him. i have not seen him. one time i saw him, i turned a quick 180 and got away. the man has been sick from day one. i did not go to his inauguration. with john lewis, we both said that he was an invalid president and we didn't go. didn't go to his state of the union. the man needs to go, in the next 14 days he can do a lot more. >> yeah. >> he encouraged these people to come to the capitol. he said, come, it will be wild. he wanted violence. he wanted a show. he's caligula. he is there watching it. luckily he doesn't have a horse or the horse would be attorney general. >> he is a little bit like cesar crossing the rubicon. i think he was looking as some

fee at chrysler reaching $17 a share up one and a half% today.uld make history or at least one of them. one of them or two of them i should say are being sold for bitcoin. how much does the owner want? we ask him coming up. joe biden made his stance on president trump's crystal clear telling reporters i think president trump should not be in office. what happened to calling for unity? kennedy joins me to weigh in on that next. ♪ ♪ everyone remembers the moment they heard... "you have cancer." how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda-a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer, where keytruda is approved to be used with certain chemotherapies as your first treatment, if you do not have an abnormal "egfr" or "alk" gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treat

just off the top of my head this might be the third or fourth one related to chrysler.e bargaining agreements are protected with language that ensures what we've agreed upon with the earlier company transfers to the new one. i have been in constant questions with fca leadership about the coming merger. there are some things we like and some things we don't like. but i am confident going forward we will be able to sit down and have those very protective discussions that ensure our members and employees of the new company are going to be protected and they are going to have very fruitful employment that will advance them in this country. matt: we can see and understand your priorities. rory gamble, thank you for your time, the president of the united auto workers union. this is bloomberg. ♪ >> 2:00 p.m. in london. from london, i am guy johnson. welcome to "bloomberg markets." happy martin luther king jr. day. superlight assets because u.s. markets are closed. the stoxx 600 near session highs here in europe. superlight volumes. s&p futures absolutely flat. a big day tomorr

just to the left of there as we slide over, you can see the chrysler building.hat's the building that has sort of like a christmas tree light sort of thing going on. then if you continue to your left and you look down a ways, that's times square. that big light in the middle, i can almost see you, i think, from way up here. and this part is extra cool. if you come all the way to the edge -- after all, we are at edge at hudson yards -- look straight down. that's what it looks like to look at the new york city streets 100 stories up in the air. not quite the hustle and bustle that you're used to seeing in new york city, of course. with the pandemic, everything has changed this year. we've all had to make adjustments. for a lot of us that means getting creative with how we exercise. as i know a lot of you are making those new year's resolutions, you might be thinking how can you get moving, especially with the coronavirus still around? well, we have an idea for you tonight. why not have a dance party in the sky to bring in the new year. this group is forward space.

it was created by the combination of chrysler.he coo about the challenges ahead including what brexit means for the sourcing of parts. >> we are pleased with the brexit deal. it has been dramatic. had this deal not been inked. but we are pleased with the deal. we are assessing two very different views. we understand that all of this is about electrification. it's about sourcing electrified parts from inside the u.k. and european union. we are strong in that kind of situation. we have vertical integration strategy which is very powerful as we are going to engineer and manufacture electric motors, electrified transmissions, battery packs, battery cells. our vertical integration is very powerful. therefore, we can source a lot of components from the territory which is the u.k. plus the european union. that's creating a good foundation. we are now in the process of calculating all of our business plans, making sure that it makes sense or not. at the end of the day, we will be fine. either we invest in the u.k. or continental europe. t

fiat koois chrysler is going to be adjusting production in canada and mexico n. they build the 300 and the dodge challenger, as well as down in mexico with the journey and the come pass. ford will be pausing work at louisville next week ford issuing a statement today, this is what we heard from a number of automakers essentially saying, look, we are trying to adjust to a global shortage. this is not just one company and one supplier that is exacted it is a global shortage of semiconductor chips. as a result they are saying we are working closely with suppliers to address potential production constraints tied to the semiconductor shortage the question is how long does this last? i have been told it may be several months it is a six-month supply chain when everything slowed down back in may and in juppe a number of the semichip companies, the chip makers shipped it from the auto industry to the entertainment industry, electronics. and as auto production increased this fall and winter the production hasn't been there from the chip manufacturers and that's the reason

numbers are we going to look for today >> reporter: you're also going to hear from toyota and fiat chryslerear from ford tomorrow. we're expecting similar to general motors better than expected sales still strong demand even though the full year sales for 2020 are going to be lower. that's just the fact of the matter because of how much production was shut down basically between april and mid may. >> yeah. we all remember what factories were going through at that point. phil, we'll talk to you at that time thanks our phil lebeau on gm. >>> when we come back art cashin with ubs will about back with a look at 2021 quick break. back in two minutes. ter decisions faster? workday. got to do something. workday! i think i got something. work... hey, rob, you're on mute. hello. [all] hey... there he is. workday, the finance, hr, and planning system for a changing world. ♪ch-ch-changes >>> we are about an hour into trading on this tuesday morning. dow did hit a session high up 162. we've given most of that back. let's bring in art cashin. director of operations at ubs. good morning good to talk to y