it happens to come from its new parent company fiat. it's called the fiat 500.ar that people should think of as chrysler's attempt to emulate the bmw mini-or the new beatle that volkswagen came out with about a decade ago. it's cute as a button. it's been on sale in europe for about five years. it will be very interesting to see if this hits the sweet spot in the united states. there are a couple of other cars, the chrysler 200 the one you see in the commercial and there's the chrysler 300 which originally came out a few years ago and chrysler is trying to refocus that as a little less gutsy and maybe a little bit more fuel efficient. >> brown: what could you add to that in terms of how the company is trying to make its way now? >> chrysler has a real serious problem convincing buyers not that they're going to survive but also that their quality will be up to the world standards that you're starting to see from, say, ford motor company. that will perhaps be their biggest challenge when places like consumer reports question how good their vehicles are, if j.d.pow

but it can distance itself from an unpopular bailout and deepen its ties with italian automaker fiat. chrysler is swapping out of government debt with cheaper debt from institutional investors. the repayment plan and the strengthened alliance with fiat are expected to make chrysler more attractive in an initial public offering that should come later this year. the world's biggest economy continues to outperform expectations. german business confidence remained unexpectedly unchanged in the month of may. a booming exports and rising company spending continued to boost economic growth. while most economists had been expecting a decline, the survey held steady. germany's federal statistics office confirmed 1.5% in the first quarter pierre >> of this year, economic growth in germany is being spurred by a solid domestic demand. in previous years, it demand predicted a -- it depended on exports. it is run by 6.2% over the previous year. german companies are also investing again in plants and machinery. 4.2% more than last. -- that last year. the domestic market accounted for two-thirds of g

. >> today with the aid of fiat, chrysler is selling more cars, and recently they reported their firstit since 2006. >> it happens rarely in life that we're given a second chance. >> and for the american government, criticized for its auto industry bailout, it was a moment of satisfaction. >> since g.m. and chrysler emerged from bankruptcy, the auto industry has added 115,000 jobs,s fastest pace of job growth in the auto industry since the 1990's, and last year for the first time in 16 years the detroit three gained market share against their foreign counterparts. >> this is the motor city. this is what we do. >> once considered a long shot to recover, chrysler, helped by italian carmaker, fiat, is working its way back. stay with us. plenty more to come. you're watching bbc news. 

it can help chrysler with their car-truck balance. >> susan>> susie: that fiat 500 is ahead in italy, but shown in the showrooms here in the u.s. is this the kind of car people want to buy? >> the ones we're getting are in tuluca, new mexico. but they're made in italy. it is the kind of car people will have as thar second car. i have been driving one all week, both in l.a. and here. it is a lot of fun. it is a lot safer and has a much more stable stance than i expected it to have. and it is really a show-stopper. >> susie: looking at u.s. market share, g.m. is number one with more than 19% of the market, followed by ford, toyota, and honda. and then chrysler was under 10%. is chrysler in a position to boost its market share in the u.s.? >> i think the new product launches will do that. they really only started rolling them out at the end of december and into the showrooms. people still need to learn about the new brands, the new chrysler products. they need to get familiar with the company again. probably the only obstacle i see is they are so truck dependent. and with gas prices high

. >>> chrysler says fiat could own 70% of the chrysler group by this time next year. the development in an s.e.c. filing chrysler says that would happen after it pays off its government loans and fiat may acquire the 9% stake in the company currently held by the u.s. government. fiat also announced last month it would pay $1.3 billion to increase its stake in chrysler. >>> and general motors plans to add 400 workers at an ohio assembly plant. gm says workers who had been laid off will be rehired but most of the jobs will be new hires. gm will also spend $260 million to upgrade the toledo plant that now builds transmissions for trucks and small cars. >>> time now 5:52. she cheated death at an elevator shaft. how a woman survived a bizarre crash in a hospital parking garage. >>> plus putting school teachers under arrest as we go on protest against education budget cuts head into a new day. >>> welcome back. a seattle woman lucky to be alive escaping with just minor injuries after crashing her car through a wall and then plunging ten feet down an elevator shaft. this hap

. >> reporter: fiat will take kroll of the auto maker next week. new owner providing new muscle as chrysler turns it's first profit in five years. >>> -- last year improved to nearly 11.5 million. this year's projections are for nearly 13 million units. nice progress but still off historic highs. >> we don't expect to see the industry get back to full levels of 60 million units for several years. >> not until the gridlock of too few jobs and too many foreclosed homes clears. >>> congress remains in formal session this holiday weekend as republicans seek to block president obama making recess appointments of controversial nominees. among them is elizabeth warren. we have more on her stormy week on capitol hill. >> whether it's hidden credit card fees, fraudulent mortgages the consumer protection bureau is to be the new sheufrb looking out for you. the new agency is already controversial. >> we had an agreement -- >> you are making this up. >> -- you asked for it. >> liz pwegtd warren sparred with republicans that week. president obama choice warren

. >> today, with the aid of fiat, chrysler is selling more cars.recently reported its first profit since 2006. for the american government, criticized for its auto industry bail out, it was a moment of satisfaction. >> since gm and chrysler emerged from bankruptcy, the industry has added 115,000 jobs, the fastest pace of job growth in the auto industry since 1990. last year, for the first time in 16 years, the detroit free gained market share against their foreign counterparts. >> this is the motor city. this is what we do. >> at once considered a longshot to recover, chrysler has worked its way back. >> the giant of the internet's world went head-to-head with the politicians today in france. >> they might have matched in an on-line forum, but this big, the internet industry has come together the old fashioned way. debate the big issues at the highest level of world politics. on the guest list, google's eric schmidt. one of the titans of the world wide web. president sarkozy acknowledges a huge gap of incomprehension between the attack and the coll

italy's fiat has taken a much bigger stake of chrysler these days and now owns 46% of chrysler. >>> on wall street back home in new york today the dow was down 25 points in today's trading. another break and when we come back tonight from joplin, missouri, we'll show you what happened to the president and first lady overseas today. >>> because we are tracking a lot tonight and because the weather to our west is so important to this vulnerable and exposed area in and around joplin, missouri, we are going to go to weather channel meteorologist mike bettes. you will recall he was the first one to offer television coverage of what happened over the weekend and because he apparently can't get enough of it tonight -- mike, you're in perkins, oklahoma, tonight. what's happening in the skies behind you? >> reporter: we have a tornado warning for our county on the northeast side of oklahoma city. the skies are ominous. we believe a tornado could be headed for stillwater and the university at oklahoma state. we urge everybody to take cover as soon as possible. tornadoes all over the oklahoma met

and canadian governments and fiat increases its stake in the company. sergio marcioni confirms that. chrysler owes the two governments $7.5 billion. >>> and concerns about the u.s. and european economies worrying overseas investors, tokyo's nikkei average up, hong song's hang seng up slightly higher. on wall street the dow fell 1%. meanwhile the nasdaq index was also down. >> good news. the fbi said crime dropped significantly. that is a surprise. property crime usually goes up during a recession. instead it's continuing to fall. criminal gists covered, describing the trend as remarkable and astonishing. of course they do hope it will continue. >> how many friends you have on facebook may give away how old you are. the study finds that 22-year-old has facebook friends, 50 times as many as young and dad. young adults define "friend" dlif and women have more friends than men do. >> interesting. definitely a younger crowd has more friends. there you go. >> coming up next on tuesday, in case you missed it, the first time the pastor behind the armageddon war

policy can now be justified through juridical action in this international criminal court simply by fiat to crete and so the ludicrous nature of the entire operation is exposed and announced for all to see in that here is a humanitarian intervention that is now literally going to be bombing infrastructure for the libyan people on the basis of a human three intervention that's supposed to help the populace again it makes no sense on its face unless it's understood that this is simply an attempt at regime change and it is now being supposedly justified through this very troubling president of an international criminal court being able to dictate what happens within the boundaries of a sovereign country so again i think we'll see this president used as a way of basically allowing needle countries and nato has your money interests through to dictate their foreign policy through that score. check out of more on the stories we're covering at all to your home regular updates and i count your media as they're always on live for you and right now. the u.s. state department is on the hunt for whit

now be justified through juridical action meaning that the international criminal court simply by fiat decreed it and so the ludicrous nature of the entire operation is exposed and i'm asked for all to see and hear is a humanitarian intervention. that is now literally going to be blooming in an infrastructure for the libyan people on the basis of green intervention that's supposed to help the populace again it makes no sense on its face and once it's understood that this is simply an attempt at regime change and it is now being supposedly justified through this very troubling president of an international criminal court being able to dictate what happens if in the boundaries of a sovereign country so again i think we'll see this president used as a way of basically allowing needle countries don't need your head you want interests to dictate their foreign policy through this court. now will he stand ovaltine well that's a question about next year's presidential election in russia that still remains unanswered and that's despite a two hour long press conference with dmitri medvedev that

european stocks closed in the black on wednesday gains for banks such as commerzbank com a because the fiat's are providing supports in london barclays gained two point three percent of the world bank of scotland was one point three percent higher. here in moscow the main stock index has closed in the black stocks edged high an evening session climbing for second day in my eyes it's just one percent reverse and probably only a loss as. we've seen a bit of a rebound in the financial sector where no more clarity at the time and the parameters of ok your program which seems to be large enough for a bit optimistic also north korea question only we see a bit of mist and i was in the oil over there and there were many others in the market generally think we can solve the. this week having reached the low since the beginning of the year and the do truly look like attractive well as decided by the russian market will we feel the rebound is about to happen the it is going to be happening much slower than that than the correction and we've seen in may because there is a lot of global headlines of place

now be justified to put them through to recall action in this international criminal court simply by fiat to create and so the the ludicrous nature of the entire operation is exposed in one mast for all to see and that here is a humanitarian intervention that is now literally going to be bombing infrastructure for the libyan people on the basis of humanitarian intervention it's supposed to help the populace again it makes no sense on its face unless it's understood that this is simply an attempt at regime change and it is now being supposedly justified through this very troubling president of the international criminal court being able to dictate what happens within the boundaries of a sovereign country and so again i think we'll see this this president used as a way of basically allowing nato countries and nato had you want interests to dictate their foreign policy through that score. commentary from independent journalist james corbett will stay with us here on r t coming your way how a sex scandal could be you were all europe's financial or the i.m.f. chief in custody over allegedly as

when we start at the top of the show asking the question is the commodities boom over what is the fiat's currency collapse around the world is is that spending well you know nine trillion pounds which is. what fourteen trillion dollars needs there's a shortfall of that amount for people retiring so where is that money going to come from it's going to be printed or. older brits are going to have to accept a severely reduced standard of living yeah it's similar to the peak oil story i remember a story from a couple weeks come of people were driving around looking for gas that was cheaper or some other gas station until they ran out of gas and they were stranded and then they had to call the aaa service to tell them out because they had run out of gas or they've called nine one one and said i don't know if you do or run out of gas so you have all the pension systems credit you think people economy people have no idea how to prepare for this and just one day there's no more money so they have to have the spigot print print print and of course this is what is telegraphing in the prices of com

it raised another $1.3 billion by selling 29% of its stock to fiat. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childhood friend was left dead. >> in essence, that's what the guy did, take the bullets for him. >> reporter: the

it raised another $1.3 billion by selling 29% of its stock to fiat. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childhood friend was left dead. >> in essence, that's what the guy did, take the bullets for him. >> reporter: the

automaker is lining up bank loans and bond sales to raise cash and that would allow the italian automaker fiats stake in chrysler to more than 50% this year. >>> also coming up next week, barns and nobles set to launch an ereader. amazon's kindle dominates the market but barnes & noble's nook is picking up speed and should be a fun race to watch. back to you. >> all right. thanks so much. ladies. get your financial fix every day on cnn mauney.com. >>> a look at our top stories, president barack obama insists the controversy surrounding his comments on middle east peace negotiations is not warranted. during a highly-anticipated speech today to the american israeli lobby group aipac the president clarified his reference last week to israel's pre-1967 borders. >> my definition, it means that the parties themselves, israelis and palestinians, will negotiate a border that is different than the one that existed on june 4th, 1967. that's what mutually agreed upon swaps mean. it is a well-known formula to all who have worked on this issue for a generation. it allows the parties themselves to account f

of course, not a publicly traded company right now but fiat, the owner, looks to be moving quickly towards a potential initial public offering because of the news. only 116 million for a new company but for a brand that almost went away completely it's construed as positive news. dow up 30 points. have a great day. >>> 11:48 is the time. a sweet cooking lesson. plus, meteorologist tom kiernan back with another check of the forecast. >>> this morning, we continue our series, show me how to do it. a famous dessert, tiramisu. and chef joins us. nice to have you with us. >> thank you. >> you like this dessert so much you named your restaurant after it. >> exactly. it's the heart of the dessert in italy now. it's a positive work. tiramisu means cheer me up, pick me up. >> cheer me up, pick me up. >> we all want to be happy. this make me happy looking at all of this. what's in the recipe. here what happens you're going to need. eight whole eggs, ten ounces of sugar, a upon of mascarpone cheese, three cups of espresso coffee made with water, a teaspoon of vanilla, pack of lady fingers, 24 pierces

and that is that the president by executive fiat can do what the congress has not yet been able to address. and the president believes that that is not the appropriate use of executive branch powers solely. that this must be done by the congress. the president has laid out the principals of the bill. he has met not only with congressmen of both parties, repeatedly. he's also met in the last few weeks with business leaders, with faith-based leaders, other groups around the country, all of whom have reached the same conclusion which is that congress needs to act. >> woodruff: just finally i saw an editorial in the christian science monitor this week which said the president has been too overtly political about immigration. it said he's been seeking to appease latinos rather than uniting the country about an adequate method of enforcement. >> i didn't read that particular piece. i think the president is motivated by the need to solve a problem. and this is a problem that's not going to go away. i can say that, i'm a former border state governor. i myself supervise the prosecution of 6,000 plu

i think you've got to have -- you've got fiat working with chrysler.ven -- >> charlie: making it better. >> and making it better. mulally came in and said i'm going to get out of aston-martin and it took the u.s. government, too, quite honestly, to fix detroit. >> charlie: and you approve of that and you thank god they did it? >> i think it would have been -- for living in michigan, as i do, and the number of people that are committed to that industry to see those two companies go down and i'm glad to see they were able to pay back the government -- i can't thank them enough. i think the obama administration, obviously, the people there that made that risk to give general motors the capital they needed and also the same thing at chrysler, i think, was a terrific opportunity to see these businesses -- >> charlie: because it meant jobs for people in detroit. >> i'm talking about hundreds of thousands of jobs, not just in the motorcar companies but all the suppliers and to me what we've seen -- you know, as the byproduct today, these -- these three manufa

began to make changes in a similar direction as it expands its relationship with the italian company, fiat are leading the way to compete with japanese rivals and in the process they're also preserving americans jobs. ford has converted a s u v plant for smaller cars and gm is going to the first sub-compact it is ever produced in the u.s.. this could also burn better profits on trucks/suv is in no small cars are even commended better prices and the show room. >>catherine: of the golden gate bridge cars are going towards the toll plaza and moving fairly well. the chopper cam is near berkeley. falling well in both corrections. stay with us. more news coming up. [ jerry ] look at this! you got a state-of-the-art man-cave, but the savings account of a cave-man! hey sports fans check this out. [ beep ] oops, my bad. earn more with interestplus savings at capitalone.com. that's new school banking, baby! ooh, 3-d! instead of earning bupkus, your savings could be earning three times the national average! three times more. go online to capitalone.com. what's in your wallet? what's this do? [ beepin

been able to raise $7.5 billion through bank loans, bond sales and money from its corporate parent, fiatve years. >>> president obama's mideast policy speech will likely dominate the agenda today. when prime minister netanyahu visits the white house. netanyahu is not thrilled to say the least with everything that the president had to say. and as alex marquardt reports the speech also did not play well on the streets of cairo. >> reporter: it was a tough crowd for president obama. egyptians in cairo watched the speech with skepticism, those who cared to watch it at all. in the end, some positive steps but falling short. >> i still wanted to hear more. i expected some parts of the speech was a little bit late. he should have said that a long time ago. >> i have come here to cairo to seek a new beginning between the united states and muslims around the world. >> reporter: obama outlined his vision for relations with the arab world shortly after taking office. a speech that was widely praised and viewed as a new beginning. >> after that, nothing happened. no promises fulfilled. >> reporter:

fiat think tains including cato, heritage, and others agreed on the top 10 things the house gop needs to fix -- obamacare and boehner and ryan have ignored it all. we might be in a forgiving mood if the other health care entitlements of medicare, medicaid, and the medical inflation drivers get fixed before hand. everyone agrees from the president and deficit commission to conservative republicans that fixes are necessary. duh. what does paul ryan's budget delay these fixes for decade? another death. if the only thing offered is a dead hike of $100 billion, not a penny more, that is the amount house leadership, later denied to the 20 -- to the tea party. if the president does not like it, let him figure out what to prioritize, and there is a lot he can prioritize, and what to cut when the cash starts running out. that figure also approaches the all part of a month's worth of u.s. bonds, just one month. it says up another debt ceiling -- after we allow $100 billion in cuts, then we will talk about the next 100 billion. if they least half of discretionary spending gets cut, most of it ei

we believe in made in the usa and have companies like fiat, chrysler, ford, caterpillar, john deere, quinn of illinois, thank you so much for joining us. >>> he mentioned the corporate tax rates and what tax foundation, people advocates for lower taxes point out that when you add two different taxes together, that 7% tax rate he was talking about, 2.5% tax on called property replacement tax, that's 9.5%. that's what the corporations focus on. >> fudge the numbers a little bit, but, you know, it's clear as we've been talking to the governors, they're trying what they believe is best to try to generate jobs for their state. it's a challenge right now. that's why we're continuing to talk about it this week, partnering with cnnmoney.com, "time" magazine digging deeper on the job hunt learning where the jobs are, how to get them and keep them. you can check it out on cnnmoney.com. >>> it is the end of an era. two of the final three oprah winfrey episodes are shot and they're ready for air next week. and boy, it was quite a seen at the taping in chicago yesterday. speaking of illinois. the

as well that these rights would be more secure if one by the political process rather than judicial fiat. i wonder if you all agree with that? would abortion be -- with legalized abortion be more accepted had it been won through the conventional political process? >> it was not going to be won through the political process. in 1973 when roe v wade was decided to have decided only four states legalized abortion. in half the state's abortion was allowed only in case of rape or incest and in the other states it was not allowed an all. there was no national movement. if roe v. wade is overruled today about half the states have laws on the books now that would make abortion a crime. the michigan supreme court has said if it is overruled abortion will immediately be illegal in michigan because of a law that remains on the books. let's take the example of marriage equality for gays and lesbians. there are few states. the rest of the country gay and lesbian still don't have the right to marry. no indication that will happen through the political process. this goes back to, we have the constituti