time there is feeling the pinch -- daimler is feeling the pinch. another setback for the chief executive. speaking at the company's main shoulder -- main shareholder meeting, he admitted that daimler has fallen behind its rivals, bmw and audi. earnings looks to be stagnating at 8 billion euros. he says difficulties in china and the shrinking european car market could undermine daimler's targets. >> investors were not so disappointed about that news on daimler. they sent shares higher on wednesday. our correspondent explains why from frankfurt. >> daimler's ceo had bad news for his investors on the investors' meeting. the first quarter has been far weaker than expected. he had to tell his investors a kind of profit warning, but shares of daimler started off rallying. they were up i far more than three percent -- up by far more than 3%. they think the new cars issued by mercedes will be a success. the market rallied. mainly because of the fact that there has been a record high rally on wall street, too. >> let's get a closer look at the numbers. it w

it is daimler's second profit warning in six months. german companies are increasingly being targeted for takeover by foreign firms. chinese investors in particular have been on a buying spree. >> price waterhouse cooper has released a report confirming that overseas investments in germany are on the rise. >> puts mr. may sound like a traditional german company, but the concrete palm producer was acquired by a chinese investment group in 2012. the buyout came as a major surprise. it was a healthy company and world leader in its field, but that is just the type of enterprise attracting foreign investment. in 2010, foreign companies bought out 90 german firms. in 2011, it was 100. in 2012, the number jumped to 113. foreign investors are increasingly attracted by german technical know-how and the prospect of gaining a foothold in the european market. one of those is a tiny solar panel producer that bought a majority share in a german competitor, but it has run afoul of creditors who have cancelled millions in badly needed loans. now, they

daimler isme or -- daimler isme or -- the foreclosures jumped a staggering 158 percent. [brian williams] the market fell as if down a well. [ed schultz] millions of jobless americans are about to get kicked to the side of the road by corporate greed. [woman] more and more homeowners in the crossfire-- [robert reich] people look upon wall street right now and they see record-breaking salaries-- there's something wrong with this picture. [van jones] if you want to understand why this country is in the appalling shape that it's in, many people look to the richest 1 percent. [commentator] anger at the us financial sector boiling over on wall street. [chants] occupy wall street! [chants] whose street? our streets!

. >>> an auto investment of a different speed, a 1939 daimler that once belonged to winston churchill believed to be the last of its kind. an anonymous owner in germany hopes the classic coupe will fetch over $500,000 on ebay. >>> the majority still buy flowers for mother's day and spend about 40 bucks. this is a reminder for you. >>> egg mcmuffins may soon be your new hangover food. >> would you ever consider the big one having mcdonald's serve breakfast all day long? >> yes, we would consider it. this innovation center has come up with innovative ways of us expanding the breakfast hours and some of those things we'll also be seeing here in the near future. >> dylan and i were saying we want the entire menu extended. chicken mcnuggets. >>> michael jordan and longtime girlfriend tie the knot. >>> plus chuckles from the white house correspondents dinner when "early today" returns. >>> you know, this weekend the president took some time out to make some fun of himself, the press and a few others at the annual white house correspondents dinner. in case you missed it, here are some highli

daimler even had to scrap its forecast due to be very bad shape of the eurozone economy. ammonal the details from the market, the numbers. the dax index in frankfurt was down slightly. euro stoxx 50 also down a bit more. over in the u.s., the dow jones is trading at 14,729, slightly up. the euro trading against the dollar at $1.3024. >> in china, the new black market is all white. milk. milk powder, and baby formula have become the commodities of choice among smugglers. in hong kong, arrests for milk smuggling have now surpassed the rest for trafficking heroin. the chinese, especially parents of babies, are terrified of any dairy products produced at home after a series of food safety scare is going back to 2008, and the huge demand now for foreign mill products is shocking the global market. >> she does not buy milk powder made by chinese producers. she prefers to buy it from europe, specifically germany or switzerland. she says she does not just chinese producers, and she is even skeptical about buying in china. >> when you buy a foreign brand in china, they have chines

daimler shares are down in the market today by 1.3%. >>> portugal's government unveiled plans tryingpull the government out of the three-year recession. they will provide incentives for investment in the company. exports will represent 50% of gdp. before the stimulus program is passed, portugal may have to seek permission from creditors of its bailout package and spain's prime minister has said it is likely the country will face further spending cuts and tax hikes as it tries to bring down the deficit. the government will present new budget plans on friday. for more, let's get straight out to madrid for the latest. the budget statement sounds like a big deal. we'll hear about it friday. >> don't expect too much from this budget policy announcement on friday. it's basically what the spanish prime minister wanted to explain yesterday. to stop speculation about a stiff and radical change in policy. it's true over the last few days the spanish press has been speculating about the significant change to be announced on friday. especially after the finance minister told "the wall street jou

daimler even had to scrap its forecast due to be very bad shape of the eurozone economy. ammonal the details from the market, the numbers. the dax index in frankfurt was down slightly. euro stoxx 50 also down a bit more. over in the u.s., the dow jones is trading at 14,729, slightly up. the euro trading against the dollar at $1.3024. >> in china, the new black market is all white. milk. milk powder, and baby formula have become the commodities of choice among smugglers. in hong kong, arrests for milk smuggling have now surpassed the rest for trafficking heroin. the chinese, especially parents of babies, are terrified of any dairy products produced at home after a series of food safety scare is going back to 2008, and the huge demand now for foreign mill products is shocking the global market. >> she does not buy milk powder made by chinese producers. she prefers to buy it from europe, specifically germany or switzerland. she says she does not just chinese producers, and she is even skeptical about buying in china. >> when you buy a foreign brand in china, they have chines

a 1939 daimler db-18, if you don't know what it is, take a look, it once belonged to winston churchill, believed to be the last of its kind. an anonymous owner in germany hopes the classic coupe will fetch over $500,000 on ebay. what a beautiful car there. >>> a new survey finds most of us put more thought into a mother's day gift than we do for dear old dad in june. poor dad. but the majority still buy flowers and send about 40 bucks. which reminds me, i need to get a gift. >>> and finally, if you haven't heard, egg mcmuffins may soon be your new hangover food. >> would you ever consider having mcdonald's serve breakfast all day long? >> yeah, we've come up with innovative ways of us expanding the breakfast hours, and some of those things we'll also be seeing here in the near future. >> i like the sound of breakfast right about now. just ahead, some laughs from the white house correspondents' dinner when "first look" returns. changing the world is exhausting business. with the innovating and the transforming and the revolutionizing. it's enough to make you forget that you're flying fi

it sustained 32 bullet holes so the daimler leasing company says a month-and-a-half into the deal, danny's car is a total loss. you know what? he's okay with that. >> pelley: john, thanks. great interview. john will have more of this interview with danny tomorrow on cbs this morning. in the face of a growing hunger strike, president obama said today that he will try again to close the guantanamo bay prison camp. about 100 prisoners have joined the three-month-old protest being held against a protest against being held indefinitely without trial. in the first months of the war in afghanistan, terror suspects were flown to the u.s. base in cuba where they could be held without appearing in u.s. courts. there were 680 prisoners at one time. today 166 remain. bill plante asks the question that made news today. he's at the white house now. bill? >> reporter: scott, when barack obama was running for president in 2008, he bowed... vowed to close the u.s. prison in guantanamo bay cuba, a promise he did not keep. today he blamed congress. and with many of the prisoners there on that hunger strike t

with german brands like bmw and daimler particularly struggling.ll discuss what they can do next in this competitive market. >>> investors cheer the eu government with a ten-year bond below 4% ahead of a key auction today. >>> the new prime minister has a cabinet made of berlusconi loyalists and technocrats and a record seven women face a confidence vote. >>> stokes in the green, central banks likely to set the tone. the fed meets first time this week and is widely expected to deliver eight rate cuts. >>> another member of jamie dimon is in a sickle leaving jpmorgan. we're an hour and a half into the trading day in europe. european stocks on the front. first thing this morning. up by much for the ftse. it was up over 2% last week. just up 0.2%. the xetra dax up 0.5%. the cac 40 up 0.89% and the ftse mib up 1.6%. on the bond markets, italian yield, 3.96%. we have an atial auction coming up, they're raising up to 6 billion. they've reopened five and ten years and japan is closed today. we'll take that out a little later. the pound is doing pretty wel

daimler ag says they are up 6.5% from the same time last year.ving you the power to prosper. tracy: stock but hotels and resorts expanding again this time opening 50 hotels across africa and the middle east. the company moved corporate headquarters to dubai for a month. chris joins me to talk about the expansion. >> remarkable to see the growth, rising confidence every time the come back. and hotel owners, and optimism here, and seeing increasingly traveled throughout the region, and all the travel -- going with them from australia to europe. it is an example how this has become a global crossroads between africa and europe. cheryl: you moved from sanford for one month and did the same thing in china. and curious what you learned, you have been using instantgramm to share your experience but what have you learned? >> one of the things quite clear to us, importance of relationships. and make sure we use the marketing ideas from here and other places around world so there are things we're doing in these hotels when it comes to guess service that we

president bush on september 11th, 2001 was anxious to get back to washington daimler-chrysler so he could demonstrate he was in fact the president of all the people. of course washington d.c. had been a target area as well and the secret service and others were saying please don't go back there until we know more about the nature of the attack, he was anxious to get back and important to speak to the american people and i'm glad that president obama delivered the mentssage that he has and do everything so this wouldn't happen again. it's important to understand what happened and build a case for prosecution, but it's more important to do everything possible to make sure there will not be another attack and i remember president bush being in the oval office on september 14th, 2001 and learned going over what they learned about new york and the pentagon and the president said i'm interested, but what are you doing to prevent the next attack. and that changed the mission of the fbi and changed that day. the primary mission was to prevent the next attack as well as build a case for prosecutio

the battery pack, battery management and they took that core technology and sold it to places like daimler they were able to fund the production of their car. so it's two different models. >> gregg: there is tesla. they made revenues by selling technology and that was their expertise, battery management system, power train. now i understand they are going to be turning a profit pretty soon? >> yes, we hope so because they got our money too. >> gregg: figsker vehicle is nice looking car. >> they design cars. it's very beautiful, very expensive and they had a lot of problems with suppliers and so did tesla. tesla worked that out before they started selling the car. >> gregg: energy department claims, i'm reading here, we carefully vetted loan recipients to minimize taxpayer risk. nonsense. are these people at doj or government at large, they are not qualified to be able to look at companies and do what is known as due diligence, determine the risk? >> the proof is in the pudding. if you look at the list of green energy busts. >> gregg: let's put it up on the screen. billions of taxpayer mone

. >> we are looking at the video that daimler benz did with the new refridge rant. >> they simulatedd two thirds resulted in fires like what you are seeing. the coolant burns. it turned into hydrogen florine gas which actually etched the windows of the vehicles. >> means it burns at extremely high temperature. >> high temperature. it's dangerous. it is so toxic that even a small amount of it if it got in contact with sea a portion of your hand could be deadly in certain circumstances. >> and this is what the gi. in mccarthy is proposing for refridge rant in our cars. >> they approved it because they believe it contributes less to global warming than other refrigerants out the there. >> why has this not been report north dakota. >> i think has been reported. >> or cafe standards for cars with higher mileage fuel efficiency for cars which carssarily means that cars have to weigh less and are more vulnerable to damage and or injury in a collision. >> and i think the only reason that gm is using this in two of the cadillac models because they received credits towards the cafe standard re