for "nightly business report," i'm eunice yoon. >>> coming up, the road ahead. why some auto plants are closing while others are expan >>> fiat chrysler sees a bumpy road ahead for 2019. the automaker issued a weaker-than-expected outlook after reporting disappointing ersales in north ama, which is a key market for the company. the ceo said the companylso trying to navigate the chinese lrket which weakened in the second half ofast year. that sent shares down 12% in today's ssion. >>>meanwhile, ford is investing $1 billion to beef up suv production at its plants in chicago. it's just the latest example of auto makers spending and hiring at factories to build trucks, while cutting jobs and shutting down assembly lines that build cars. phil lebeau has more. >> ford's big investment on the south side of chicago is proof the suv boom isng rol on. in order to build the new explorer, ford is addin 500 jobs and investing a billion dollars in its chicago plants. >>llhen it's finished, chicago assembly will have an all-new state-of-the-art body shop, an all-new paint shop

for "nightly business rert," i'm eunice yoon in beijing. >>> the cost of imported goods into the u.s. fell in january for the third strait month. the index slid after even steeper slides in december and wevember. oil prices played a role as did the price of some consumer and industrial goods. economists say that is more evidence ofwaning inflation pressures within the economy. >>> industrial production f fl in janua the first time in eight months. according to the latest report from the federal reserve, a large part of that decline was the result of a decline in production of autos and auto parts. economists say that that dip suggests factory activity in the cool.s starting to >>> a partial government shutdown has been averted. sthe president t afternoon signed the spending bill into law that congress passed sterday. but the president also declared a national emergency at the herder, as a way to secure the funding that wants for a wall. aim on jav is at the white the whitea ouse says asult of today's action there's going to be abo $8 billion in spending on a border wall. starting with

for "nightly business repor" i' eunice yoon. >>> coming up, how youtube's latest fumble could be an opening for the competi. >>> at&t today became the latest company to pull its ads from he youtube after discovery of inappropriate content on the social media platform. the telecom giant joins nestle and disney, who roved their ads yesterday. julia boorstin takes a look at >> reporter: youtu is the biggest video site in the worldt and the large when it comes to digital video advertising, but now it's facing criticism and concern. nestle, at&t, epic games, the maker of fortnite and disney are pausing spending on youtube in the wake of revelations that their ads ran alongside pedophiles' comments on videos of chilraen. >> theses need to make a statement to say that they're off toet parents know that they -- they don't subscribe to this bad behavior. >> reporter: phil says that disney may even use tss a pivot point to pull viewers over to its own streaming subscription service set to launch this fall. youtube saying, quote, any ontent including comments that endangers minors is abhorrent and we

thousands of supporters on the streets demanding he become prime minister instead of socks and machine eunice yoon power and yvel the travelling. he immediately set about tackling corruption with high profile cases like the mayor of yerevan his numerous mansions both filmed by a drain the video of which went viral on the internet people were incensed blog on it but these are options to push a new additional new. dish near us three little well those are two thirds of those that still in the copy. in order to see you. probably was to be something that when you bus on the. culture of corruption came from the soviet era and it was and it wasn't fought with in the early stages ah army is independence just like it was the case on other in other countries it became a norm. the mining industry and body thought corruption say activists extraction permits given by politicians without due process or proper scrutiny had terrible environmental consequences. the armenian environmental front a volunteer group one says pollution levels of mines across the country including country run or manias biggest we have ma

those meetings are taking place in beijingnd that's where we find eunice yoon tonight. t >> the trak are under way in beijingingut d level officials have arrived and setting the stage for bob light highser and steven minute unusual shin. the talks about last all week. we should have a better deal if a deal is in the cards by march 1st. the big question is, will the chinese make mceor cions on issues important to the u.s., subsidies for technology transfers. they haven't moved much. they don't want the outsideon pressure, csider industrial poli too important to be bought. if the u.s. squeezes china enough economically, beijing wi come to the table. we got some data which show the consumer isn't so confident here. sales are slowing pace. the sales are a gauge of the chinese consumer, china's equivalent to christmas shopping. and that could put pressure on the negotiators on the chinese side. for "nightly business re eunice in beijing. >> the trade talks i china, shutdown negotiations in washington and inflation data out later in the week. all could potentially be events f

eunice yoon is in beijing with thatst y. >> today's data showed that china's s manufacturitor shrank for a second month in a row. the purchasing manager's index ticked up to .5n january from 49.4 in december, better than the forecast of 49.3. however, anythin under 50 indicates a contraction. production and raw materials inventories both edged higher, bu new orders, an important gauge of future activity, ctclined. manuers reported that they cut more jobs. manufacturers are under pressure because of falling profits, decelerati factory inflation tnd uncertainty over tariffs. the lat data is a reminder for chinese negotiators in washington of why the need to end the tariffs boy the march deadline. businesses here re waiting to see if beijing will ramp up fiscal stimulus at the upcoming parliamentary session in march or earlier. for "nightly business report," i'm eunice yo in beijing. >>> dow component due paunuponts closely monitoring trade negotiations and the pace of economic activity in china. this after thepa c said it is forecasting a slowdown in ales due to tepid economic growth.

eunice yoon is also in hanoi for us tonight. >> reporter: kim arrived in hanoi today. hend president trump a expected to first meet onve wednesdayng for a broef one-on-one and have dinner with their advisers. then on thursday the two will have a sers of meetings. kim is very security conscious and we don't know his exact movement so he has met with vietnamese officials. i'm at a factory that makesnd exports clothes to the united bly as and this is pos model for their own economic development. vietnam was an isolated state-led economy and llansitioned success to an open economy. managed to do that without political upheaval. kim ha feared that economic reform could lead to regime change. vietnam is also seen as attractive because it's been able to carve p outolitical independence. the u.s. used to be an enemy and now it' an export market and that has given vietnam leverage over china. north korea is entirelyt dependn beijing. he won't be able to do what vietnam did iforth korea remains wrapped in sanctions. the trump administration's offer on the table is we will make y

out their differences to avoid an escalation of the tensions betwn the world's t largest economie eunice yoon has been covering the story for us all along and she's back tonight with . >> today was a key day for the trade talks. all the majoray s, treasury secretary steven mnuchin, trade representative robert lighthizer and china's vice premier were meeting for their first day of two-day discussions. the two sides are trying to hammer out the framework of an agreemt that wou act as a basis for a potential summit between president trump and president xi later, possibly as early as next monts ther a feeling that the final decisions would be made by the two leaders if they do meet. from what we know, l a is on the table, but the negotiators are still far apart on how to address stickier structural ises and enforce a deal once it's worked out. but the two sides might get some more time. bloomberg is citing sources saying that president trump is extension a 60-d to the march 1st deadline. separately, we got trade data out of china that gives us a ood look int the impact of the tariffs on the trade

for "nightly business report," i'm eunice yoon in beijing. >>> back he in the s., oil prices rose along with stocks today after saudi arabia said it now plans to reduce oil production in march. the crudearket is brushing off concerns, at least for today that world oil demand could decline because of slowing global growth.do stic crude sits around $53 a barrel right now. >>>ub senator marco is the latest politician to target stock repurchase programs. the plan would taxuybacks as dividends, which are subject to a wide range of rates. buybacks are cly taxed at the lower capital gains rate. plan nator expects the would likely result in fewer compies pursuing buybacks a instead would encourage more capital investment. just yesterday, as we, report hedge fund manager paul tudor jones called buybacks a mia and said companies should focus more on what he calls ethical investing. >> i think we've got a mania going on in buybacks and a mania going on in terms o shareholder premisy. it wast always thisway, right? if we just go back to when i was a youngster, corporate pay, ceos made 20 times that

thousands of supporters on the streets demanding he become prime minister instead of socks and machine eunice yoon pilot and yvel the travelling. immediately set about tackling corruption with high profile cases like the mayor of yerevan his numerous mansions were filmed by a drain the video of which went viral on the internet people were incensed love that these are options to push you know that those films should be should dish in your us till well those are two thirds of those that still in the populace. well not all still sprouted leaves from the un you bus on the. culture of corruption came from the soviet era and it wasn't it wasn't fought within the early stages ah army as independence just like it was the case on other in other the soviet countries it became a norm. the mining industry and body thought corruption say activists extraction permits given by politicians without due process or proper scrutiny had terrible environmental consequences. the armenian environmental front of volunteer group mom says pollution levels of mines across the country including country run are manias biggest.

thousands of supporters on the streets demanding he become prime minister instead of socks in pushing eunice yoon pilot and yvel the travelling. immediately set about tackling corruption with high profile cases like the mayor of yerevan his numerous mansions were filmed by a drain the video of which went viral on the internet. people were incensed glove in the pit these are options to push an additional. dish near us through you know those are. those that still can look up you. know to see you sprouted leaves to be something that in your bus almost of the mood of the. culture of corruption came from the soviet era and it was and it wasn't fought with them.

thank you very much, eunice yoon live in china. >> larry, you heard what eunice and tracie talked aboutgard to u.s. developments on china trade. is this generally speaking a green light for the bulls in the market >> well, george soros has said over the years achieving gains in the market or alpha, it's about discounting the obvious and placing capital in the direction of the unexpected. this is groundhog day. i mean, we have had headline after headline for two, three weeks a month about this deal. >> we were aggressive buyers a lot of this has played out how advertising a successful deal do we have to have before we have to start questioning what's priced in >> what is priced in then? i mean, you mentioned the fact that you have seen emerging markets rally fairly strongly since the december 24th lows you have mentioned that weave seen some developments with regard to, you know, the types of investments investors are gravitating more towards the bullish side and more cyclical sides of things has it run its course for now, or is there a chance that we could see another headline that push

again this week to try to hammer out deal eunice yoon has more on what china hopes to gain from these talks. younis >> thanks, brian well, china's vice premier is on his way to washington today. a lower level official are preparing the vice premier for his discussions later this week on thursday and on friday with the trade representative robert lig lightheizer. the focus of the discussions is supposed to be about coming up with a memorandum of understanding that can be used as a framework for a meeting between president trump and xi at later date. the source from both sides have been telling me it looks as though the two were able to make some progress on the trade gap as well as market access issues. for example, china offered to allow foreign companies to weigh in on product standards before they are set the industrial policies of china are still up in the air. the two sides haven't been able to agree on that for example, china offered. >>> now, in a statement the white house said that one of its main goals for this talk this week is aimed at achieving needed structural changes in

let's get out to my colleague eunice yoon who has more >> thank you so much, juliana.u know, president trump said that he wanted to make sure that this deal was gone right, and the u.s. negotiators had put out a lot of demands, especially for the north koreans to address an important nuclear reactor complex. the north koreans said they wanted to have economic sanctions lifted of course, mike pompeo had said in the past that the u.s. wasn'ting to do that and to do it very rapidly, and at this press conference where he was there with president trump, he said that the talks broke down on sequencing as well as timing. president trump said that the two left -- the two sides left in friendly terms, and that he still needs very much in north korea's potential. >> if you think of it, you have one side, russia and china, and on the other side you have south korea. you are stick arounded by water, and among the most beautiful shorelines in the world is tremendous potential in north korea, and i think he is going to lead it to a very important thing economically i think it's goin

. >> eunice yoon, thank you very much >> we are in the middle of a best run to start the year since allay back in1987. with us now is ed campbell, senior portfolio manager of global multi-asset solutions i'm going to call this the paula abdul market >> paula abdul market. >> i think it was janet jackson. what are you have you done for me lately? that's what it comes down to we've got the gains. the question is have the gains for the year all been made >> i would say no. i thought it was calling for 10% to 15% returns this year we're right about in the middle of that range if you think about what's really driven the rally, three basic things, right? we've had a big shift in fed and actions going from nowhere near neutral to an emphasis on patients and a newfound flexibility on the balance sheet. valuations had gotten incredibly low. we go back to christmas eve when we had hit the low now we have geopolitical risks whether it's on the china front or, you know, the possibility that we could get a delay in brexit if we do get a greek e break lou with the china deal and if we do get a brexit

eunice yoon has more on this side of the story.s state media also weighed in saying china has played a fundamental role in insuring that a second tweegt e meeting between kim and trump goes ahead now, president trump seems to believe that as well after the trade negotiations wrapped up in washington over the weekend, and before he came here to hanoi president trump tweeted president xi of china has been very helpful in his support of my leading with kim jong un. now, because president trump has such a personal style of diplomaciy and continues to express his gratitude to president xi, here's a question that people have been asking will president trump feel that he owes president xi from the previous summit in singapore, president trump had decided to let off the hook the chinese telecom company, zte, who had been broken u.s. sakes at that time there was a widespread belief that president trump had decided to do that to give a favor to president xi and get xi to influence the progression for the singapore summit it will feel like he

point we don't know, becky, whether or not he would take that path of denuclearization >> thank you eunice yoon>> another big story we are following this morning, it is the saga that is tesla shares sliding after the s.e.c. asking a federal judge to hold elan musk in contempt of court over some tweets he sent last week we talked about them at the time literally in the 234 hours that it happened. the s.e.c. says musk violated the fraud settlement they agreed by tweeting material about tesla without preapproval. in a court filing the s.e.c. pointed a tweet from last tuesday where he said that tesla made zero cars in 2011, but will make around 500,000 in 2019. he later clarified to say that the production rate could be 500,000 vehicles, but deliveries estimated at 400,000 this year tesla, musk, and the s.e.c. settled a lawsuit last year over his mus misleading fweets e tweets as part of that deal, any material statement musk makes on local media will be vetted in advance. tesla hasn't commented, but musk has fired back, tweeting s.e.c. forgot to read tesla earnings transcript that includes 350,000

. >> eunice yoon, the clock on this next shutdown is ticking and it's kind of inscrutable for normaleople to figure out what's going on. maybe ylan mui can help us they have midnight friday night to pass a new spending bill. ylan, so it's about these beds there's overall cap of 40, 520 democrats want to cap it at 16,500 the white house is saying in terms of wall funding that it's nowhere near even 2 billion when president trump wanted more than 5 billion. but then i read john tester, who is in a red state, big time, so i don't know whether he sort of has to act like he's trying here he says something is going to happen between now and when the shutdown is going to happen. do you think they get a deal is it about the beds now is it about the funding? what is it >> well, those are two issues that are tied together what tester said is that he is not positive they're going to reach a deal, but she is certainly hopeful. there was a wlot of hope from lawmakers that they could reach a deal well before that february 15th deadline, but it does now look like this is going to come down to the w

chinese workers have been laid off as the nation grapples with some of the fall-out younunio eunice yoos s yooncompanies where i am here in the manufacturing south have already been hit by the uncertainty over the tariffs exporters and workers worry that these could get worse if there is no trade deal zbliefrmt this chinese factsry used to turn out shoes for shoppers in the u.s. today it's idol. >> back in december the factory shut its doors for the last time, laying off more than 1,000 workers. >> chu was one of them >> they up to date a notice to announce the shutdown and told everyone to pick up their salary and compensation, he says. and his fellow ex-workers had moved to cambodia. part of a broader trend of manufacturers shifting to cheaper countries to battle rising costs in china. one person's salary here is equal to six workers there, he says the trade war certainly had something to do with it, too after 20 years of experience, chu earned $725 a month. with china's economy slowing and exports to the u.s. under -- workers told us good jobs like that are harder to find. factories here in

yoon on the tube. >> i follow very few people, and i follow eunice. keep us -- i worry about you, too.erything is okay over there. anyway, let's talk about what a potential trade deal could mean for the markets. ryan deitrick, lpl financial, senior market strategist, and jason pride, chief investment officer of private clients at glen meade we're up a little bit this morning. i'm worried about -- i don't know what did retail sales tell us? that's front and center for what happened yesterday it kind of threw all of our thinking into -- or at least revising some of what we thought about this strength in the economy given the jobs that we've seen, and, you know, the notion that a recession is not at least a 2019 likely there do we have to change that based on retail sales. is the number right? >> you are right that was a wake-up call, that poor number. what did the markets do? took it in stride. you know, you think about my house, the deitrick household. we have a lot of the gift cards laying around. those gift cards don't really account for retail sales until you use them right there wit