that solve all of fiat off problems.hey are facing what is certainly a weak european car market. >> i think there is two things. it doesn't solve all of fiat's problems. recentlyen propped up by money that it was able to take from chrysler. what it does do is give sergio marchionne a lifeline to try to turn fiat around. there is $12 billion of cash sitting in chrysler that he can now access. maybe as early as the end of this month. certainly in the next couple of months, next several months. he can use that money to sort of launch his restructuring plan for fiat, try to make fiat a luxury carmaker, that is the idea. a map with model that people actually want to buy. it is an insurance policy to get through what is obviously a rather difficult condition for seven cars in europe, 20 year low at the moment. it doesn't mean that he is -- his actual transformation of fiat will be successful. this just buys him some time to pull it off. >> ryan, thank you very much. that fiat story getting a lot of market attention this mornin

fiat takes full control over chrysler. how american does that make fiat?talian does that make chrysler? we'll have full analysis of what it means for both businesses. we'll also put retail in review. the retail champion. we'll look at the winners and losers over the holiday season. we have some clues already as to who those are. you can follow us both on twitter. ♪ >> fiat finally takes control of chrysler. shares soar in milan as sergio marchionne buys the union out. >> samsung's shift in strategy. they want to move beyond hardware in order to beat apple. >> hundreds of flights are canceled in the united states. due to blizard conditions. good morning to our viewers in europe. good morning to those in asia. a warm welcome to those just waking up in the united states. >> i'm anna edwards in for francine lacqua. happy new year. >> a very happy new year. let's talk about samsung. a cultural shift in the company to stave off competition. next. uld be ech changes quickly. >> some sung has had enormous success competeing with apple. samsung has gotten the farth

john, first to you, this is incredible deal for fiat. fiat wanted 100% of it for a while.ut up a graphic, i think we can put it up for our viewers this is how much u.s. taxpayers paid, $12 billion for chrysler bailout, various forms to either bailout detroit it has been said or bail out u.s. auto companies but look how much fiat paid for chrysler? got 20% for nothing. next 3.5%, 2.2 billion. final payment for 100% stake, 4.35 billion, but they're getting money from chrysler itself which cuts down their actual payment to 1.7 billion. so they total, they paid for this company, was 3.9 billion. that's about 1/3 of what the taxpayer paid. i mean, this is an amazing deal for fiat. >> and it is actually even less than that when you consider they're paying 4.35 billion to the to the uaw. not to the taxpayers. , what they're paying for the final stake. which, uaw is a fellow bailout recipient. so, yes, we literally gave the obama administration, literally gave chrysler a way to fiat. as the associated press reported today, fiat, chrysler is now fiat's profit center and we're holdi

fiat out with results this hour. chrysler out with results. fiat -- profits of missed estimates.with numbers. -- 14.6.dity number sergio marchionne plan for the newly combined companies are what we now await. that liquidity is important. that is the catch valve. >> that is critical for fiat's future and for chrysler. >> fourth quarter missing estimates. analysts were looking just over one billion euros. they were looking for 4.2 billion euros in trading profit. fiat is having trouble selling cars globally, in particular in latin america. chrysler has been driving things with the jeep cherokee doing really well. >> it is interesting to look at that liquidity story. sergio marchionne is recommending to the board that there is no dividend. that is something of a liquidity conservation exercise. they want to hang onto the cash in order to be able to invest them potentially in the sky and high end-- these markets, potentially like maza roddy -- masseratti. >> we will get the details of how fiat intends to spend. spend marchionne plans to on his master plan to reinvent italy -- fiat as

that alone will not help fiat.hey will have to come up with new products, new cars, and they have not done that for 2014 and are only planning for 2015. rex the italian carmaker is planning on profiting from its american counterpart's current strength as well as sharing technology and market access. that gamble, though, all the greater as the deal considerably increases fiat tossed that burden. >> the eurozone picked up pace in december, but at the same time, france is sputtering. the purchasing managers index in december, french manufacturing is still contracting, and it came in at a seven-month low. at the same time, the manufacturing index for the entire eurozone came in at its highest level in 2.5 years. a readingnd that under 50 signals contraction, and that is where france is, whereas the rest of the eurozone is much stronger with germany, for instance, at 54 point three. >> earlier, i spoke to someone at the etf capital in london and asked if the french figure was a surprise. >> the expectation was 40 7.1, w

experience in europe indicates what can happen with fiat here. it makes fiat a real global player. through proxy or a lot to use chrysler, it can co-mingle the money. there are a lot of things that can happen to it from a business point of view that a very beneficial to the business. cheryl: what do you make of this deal in terms of ford and general motors? not that they aren't a real competitor, but become more of a competitor against them? >> they have been a great competitor over the last several years for ford and eneral motors. for the imports in the north american market as well, it is going to make them stronger. they will not have to go the flip-flopping around managing the two businesses not as seamless as it can be, ust makes more sense to manage this global business as one business. cheryl: were you surprised the unions finally agreed to this? >> i knew it was coming at some point. they rest a lot by going to an ipo. an ipo can do well or it cannot do so well, we have seen both recently, haven't we. so i think this takes the risk out of it for the union. cheryl: and eval

. >>> today was a huge day for fiat. shares soared more than 16% on kpt change after announcing plans to buy up all the remaining shares of chrysler that fiat didn't own. the 4.35 billion-dollar deal is due to close late they are month making it the seventh largest auto maker. phil lebeau has more on what this deal means for chrysler, fiat and investors. welcome and happy new year. will this change the face of chrysler in any measurable way or fiat here in the u.s.? >> no, not in a measurable way. look, what we see from chrysler day in, day out here in the u.s. is not going to change. this does give chrysler and fiat more sinner gee. this gives fiat the bankroll, the cash flow it needs to restructure the european operations, and that's really crucial here. >> phil, over the years, it looks like chrysler is like a cat with nine lives, so many different configure rations and you sort of answered this, but i want to get more how critical is this arrangement for fiat to own all of chrysler? >> very critical. it has access to

at the time, fiat bought a 58 point five percent stake in the company. it is now pages three point .1 6 billion euros. the deal makes fiat the world's second largest auto company. shares jumped after the news. the investment in chrysler was initially same as a risky bet after the german carmaker previously failed to turn the company's fortunes around. the move paid off. chrysler sales in north america are now booming after years of decline. the takeover will be completed in three weeks. click to find out how that big fusion went down on the markets, we went to frankfurt. >> fiat and chrysler, that is the news of the day. no ipo but instead toning the companies together 100%. that will allow the fiat boss to take control of the things that are inherent in the union. merging the technical activities, for example as he wishes to do so. size is everything in the mass automobile market. that is what the experts say. there was not this kind of spectacular news to propel shares further up where. -- upward. still, people remain optimistic for 2014 because many o

fiat struck a deal to take control of u.s. automaker chrysler. we'll see fiat around the 41.6%. we'll get more details in a few minutes. the ceo of debenhams has announced he is going to resign from his role. the retailer, which operates 240 outlets in its domestic markets suffers poor trading. the stock still up 0.8%. as far as the eurozone pmis is out, we had china pmi. that came in at 50.5. in december. unchanged from the earlier flash reading and down slightly from 50.8 in november. another indicator that the rate of growth in china's manufacturing output is easing. new orders up at a fractionally lower pace while few export orders declined for the first time since august last year. shanghai didn't have a brilliant 2013. it's down another 0.3% at the moment. the hang seng was up marginally last year. it's up 33 points. the s&p/asx was up around 15%. it's up about a quarter. the kospi in korea down 2.2%. talking about korea, it's worth looking at what's going on with samsung. shares trading lower on a weak earnings outlook because of smaller margins in its display business. s

now both of these companies, fiat, fiat has to repair itself in europe, and chrysler has to increasets asia presence. and a larger entity will be able to do it. >> yeah. i remember when the obama administration got a lot of criticism for those when they first decided to let fiat make the move but it seems to have paid off now there don't forget there are some of us just about old enough to remember lee iacocca and the famous line, chrysler sought a bailout decades ago, lead, follow, or get out of the way. chrysler has never been smooth sailing in terms of corporate governance. >> thank you, richard. appreciate it. >>> take a look at this. this is two major rescues. watch this. so this one from the antarctic ice, and then the other from the mediterranean sea. those stories, straight ahead. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is

f fiat deal is worth more than $4 billion. fiat began funding chrysler in an attempt to help the company emerge from bankruptcy in 2009. the ceo of fiat and chrysler says the unified ownership structure will be able to fully execute the vision of creating a global automaker. >>> indian women are breaking with tradition. they are finding jobs in workplaces traditionally dominated by men, but challenges remain, even for women are skilled, acceptance in the workrce may be some time coming. nhk world kyoko fujita reports. >> reporter: students at this job training institute near new delhi learn how to assemble electronic parts. the government is promoting women in the manufacturing industry. it's a sector that economists predict will grow. there are around 9,000 schools like this across india. more and more women are knocking on their doors. they want the better jobs that qualifications can bring. >> translator: i want to be independent with knowledge. >> translator: electrical assembly can be done by anyone. it's easy. >> reporte

it's clearly good news for fiat stock - up 15 percent on the news thursday. ford is hoping for sunny days ahead. the automaker is releasing a concept car that runs on solar power and does *not have to be plugged in.solar panels line the roof of the car and use the sun's energy to charge the vehicle's battery.the model also has a gasoline engine for backup.a small charging station where drivers could leave cars to catch some rays for a longer period of time is also in the works.the car will offically launch at next week's consumer electronics show. turbulent times for machinists in washington state...the president of the international association of machinists has called for local members to approve today, a slightly revised contract to build boeing's triple-7-x aircraft in the puget sound area. this comes after 22-states have tried to lure boeing production work, since the vote.local machinists may not go along, though. some say the offer is no less filled with pension freezes and other concessions.observers say the international sees the possibility of losin

it's outperformance because of that fiat deal. fiat is at the top of the stoxx 600 today because around 4.35 billion deal. that 41% stake with the united auto work's up. they're committing a further $700 million to be paid over thee years. the question remains whether there will be enough to wipe the debt. fiat stock, liked by the market, up 12.5% at the moment. and a couple of retailers you might be expecting in focus post christmas sales, a gloomy season for many uk retailers, but there has been an outperformance from john lewis and rival house frazier, as well for you. keel keep our eye out. >> dlorg/yen has been up at five year highs, too. that's it for this particular. we have in some pictures for you for what new year's eve was like in london. it's where i met joe. this is what it looks like. >> i saw that, ross. they didn't show the wheel immediately and then i saw the wheel. i hate that thing. you got nervous on that thing? >> petrified. i don't like that. hey, what was i going to say? i was going to ask you something else

fiat owns maserati.ively have maserati being built on the cheap wagoneer platform. >> why not? >> i cannot wrap my head around that notion. it is built on a jeep or form. >> i will not be doing it so it does not bother me too much. >> this was bothersome to some. it was not enough in the s&p 500 and i've seen some notes expressing concern here because the first day of the year tends to be an update. , the first trade of the year has been an uptick so this is a breaking of that trend. was the return not including dividends. nobody wanted to sell. .- 29.6% >> a lot of people saying that today. >> it's curious that people went into bonds because they ticked down four basis points. they are re-securing the allocations. >> the prices lowest we've seen. stocks highest ever, bonds lowest in two years. >> everything was down in terms so also a broad- based selloff today. >> time for the roundup, the stories that we are tracking ahead of tomorrow's open. carol massar are a bloomberg news -- of bloomberg news. rig

i am however, kind of with you, kind of with you on the fiat thing. i don't mind that we bailed chrysler out, i think it sed a whole t of jobs all the way down the chain, but there should have been a provision in that deal that called for the taxpayers to be paid back, plus some interest before fiat was allowed to take the company over. >> yeah, essentially what they're going to do is bleed chrysler to pay off the losses they have going in europe, but sabrina, let's talk about the coming insurance bailout. rick is right, hhs, which is controlling obama care so far, or doing its best to, came out with a rule book in which they predict that there's going to be a $2 billion of insurance companies in 2014 and $1 billion in 2016 direct from the u.s. treasury. there's kind of a bailout written into this thing. >> there is. not a good way to start off the new year. we're only a few days into the new year. i thought ending a great resolution. i don't have much sympathy for the health insurance coanies. they were given this great opportunity with the individua

shares of fiat are up today. simon, as a lot of people are looking at this as sergio marchionne finally getting the deal he needed to get that cash flow and complete ownership into fiat. back to you. >> let's be honest, he's paying less in the market that many thought he would have to pay and there's no capital increase either. so they're saddled with that $14 billion of debt. that's a real issue going forward for them, isn't it? >> but he does have the potential down the road. if he wants to do an ipo to bring in more cash, he could do that. there are those options that are there in the future. in terms of the price, yes, it's more than what he wanted to pay but less than what the veba trust wanted. it's between that $9 billion and $12 billion valuation of the entire company. most people are looking at this and saying generally speaking, he's coming away with a pretty good deal here. >> phil lebeau joining us live from chicago. >> coming up, put being defense and national security on the radar. we'll talk with t

it's very helpful for him in the sense that fiat is still lossmaking. he can still use this plus get access to the cache file chrysler has. he can use that to do a launch on this project, this $9 billion investment to try to make fiat, i guess, sexy again by selling retro cars, luxury cars that people really want. it's really important. >> it is helping solve the ongoing problem, the slowdown in europe. >> at the end of the day, you still have to sell cars people want to buy it. i have a plan to try to do that but it's anyone's guess as to whether they will be able to alone off. they are facing major competition in the united states. gm is doing rather well. ford coming out with 23 models this year. in theo have to keep up u.s.. >> the competition is on. >> look at other markets like china. 1, the european union lifted restrictions on free movement of migrants from romania and bulgaria, the latest countries to join the european union. european editor david tweed is in london. this results in a lot of debate here in the uk but the concerns are not just h

as for fiat as a whole, if it wasn't for chrysler, they would be in the red. they would have reported a loss for the fourth quarter. but they posted a slight profit because of chrysler. take a look at shares of fiat, down 5% today. again, guys, they are not moving these headquarters. they are still going to be in auburn hills as well as torin, italy. back to you. >> thank you very much. >>> as you know, emerging markets fears continue to rattle investors. we also have the fed's latest decision on interest rates and perhaps more tapering in just over 30 minutes. how traders are positioning themselves as we head out. and the biggest losers in today's trading, mccormick down almost 6.5%. boeing down 5.5%. at & t and sprint are also down. back in a minute. plus -- >>> coming up, power pitch. this startup wants to reinvent the wheel. >> you feel like a hill disappeared or the distance has shrunk. >> does it have what it takes to pedal to success? stay tuned. nd. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to

italian carmaker fiat buys the rest of chrysler. we will take the new company for a test drive. >> and getting home, a massive storm is coming. we will talk to an entrepreneur whose black car app will surge pricing. >> vintage 2014. champagne glasses are back on the cupboard shelves but there's more where that came from. we will take a cross of the high-tech future of winemaking. happy new year, everybody. you're watching "market makers." i am erik schatzker, here, 10:00 in new york city. >> i am carol massar, everybody. stephanie ruhle is off today. >> we have raking economic news. this is a gauge of the u.s. manufacturing economy. just coming in right now, 57 is so reading, the economists we surveyed were looking for 56.8, so call it in line. above 50, carol, indicates an expansion, so it is not the u.s. manufacturing economy is on fire, but it is growing. for thers more evidence continuing growth of the u.s. economy. with all that final reading on third quarter gps 4.1%, surprising just about everybody. >> and that latest regan m

fiat received part of the company, meeting certain requirements. they bought some shares back from the trust, and in recent weeks reached a deal to buy the remaining part of chrysler, about 42%, from the trust. as of yesterday, chrysler is a wholly-owned arm of the italian automaker fiat. host: what does fiat one from the deal in terms of what is happening with the european art a market -- auto market compared to what is happening in the u.s.? guest: when chrysler was in trouble in 2000 nine, fiat was the stronger company. today fiat is in essence surviving because of all the prophets that chrysler is generating here -- the sales of pickups and suvs's. the european market has been in a 30-yearhape, at low. sales have started to pick up slightly, but because of the depression the recession through much of europe, auto sales are still struggling in europe. also a big drag on ford and gm profits, too. so fiat needs the scale of chrysler to create a global and also because of the profits from chrysler. host: some stats on the european auto market. a st

one big reason for the rally in fiat shares.ler turned to fiat to help rescue it from bankruptcy a few years ago. it has been a smooth rollout for legalized marijuana sales in colorado. next up a dispensary owner who just med the switch from selling medical marijuana to selling recreational marijuana, and the impact on her bottom line. and forget selfie, and 3-d printers, the technology industry is in a frenzy over wearable tech. we'll have those stories and more as "real money" continues. >>> in colorado 24 newly regulated pot shops opened their doors to the public, giving the state's marijuana aficionados something to cheer about for the new year. on january 1st, a new law took effect that legalizes marijuana for recreational use. colorado is the first state where pot is legal just because. pot remains illegal under federal law, but that tension is not stopping tony fox owner of 3-d, denver's discrete dispensary, and you shifted from selling medical marijuana to 100% recreational use, what has been the comparison? >> 40 times

one big reason for the rally in fiat shares.ysler turned to fiat to help rescue it from bankruptcy a few years ago. it has been a smooth rollout for legalized marijuana sales in colorado. next up a dispensary owner who just med the switch from selling medical marijuana to selling recreational marijuana, and the impact on her bottom line. and forget selfie, and 3-d printers, the technology industry is in a frenzy over wearable tech. >> al jazeera's investigative unit has tonight's exclusive report. >> stories that have impact... that make a difference... that open your world... >> this is what we do... >> america tonight next only on al jazeera america new lights use low wattage led rights, neither harmful for the trees nor dangerous for the kids that may touch them. >> many play-off spots in the n.f.l. are still to be decided. mark morgan is here to explain it all. >> hey, a lot of anxiety in dallas, wondering what the dallas cowboys would do. tony romeo underwent back surgery. kyle ortman will start quarterback in the eagles ga

recently merged chrysler and fiat will be known as "fiat chrysler automobiles." it's "office" is based in the netherlands, however it operates out of a detroit suburb. the merger is off to a good start. chrysler's earnings report revealed the company quadrupled revenues in the fourth quarter, which will help boost fiat's results. now onto more earnings news.. boeing cruised through the 4th quarter with a 26% profit increase as the jet maker delivered a more orders for commercial aircraft. however the stock dropped 7 dollars as investors remain cautious about the year head. dow chemical shares moved up more than a dollar and stayed up in yesteday's down market. the company turned in sales that topped $14 billion. dow will triple its stock buyback to $4.5 billion and increase its dividend to fight pressure to break up the company. and nintendo profits plunged on weak sales of wii u. competitors are gaining on apple. just days after apple admitted to losing ground in the smartphone market...data finds companies such as lenovo and samsung are gaining marketshare. how

it's been a big money-maker for fiat. chrysler's sales rose last year. >>> ukraine could be the world's leader in exports of grain and other agricultural products. practices dating back to the ways of the old soviet union could get in the way. jennifer glasse has more on the story from western ukraine. >> reporter: in some ways agricultural hasn't changed much in the last hundred years. many work the fields by hand and most are still poor. the forced collective program was supposed to modernize farming, but it contributed to a famine that killed millions of farmers. when the soviet union collapsed in 1991 it met productivity plummeted at first but now it's booming. >> translator: look where we're standing now. this was an old collective farm in soviet times, and now it's one of the most modern agricultural complexes. >> reporter: even a farm like this one has a lot catching up to do. the average cow here produces 25 liters of milk a day, about 60 in europe. the sanitary conditions also leave much to be desired, so the mil

fiat will pay $3.65 billion to the union which pays health care bills for the retires.e company already owns 58.5% of it. >>> a security breach at snapchat. as many as 4.6 million snapchat may be at risk. their phone numbers and usernames may be leaked online. snapchat said it was no big deal and it had taken appropriate action. apparently the safeguards were not enough. >>> a georgia banker accused of embezzling millions is in custody. aubrey lee price was arrested tuesday in south jachlt he had been on the run for 18 months and was pulled over for a traffic violation. price disappeared in 2012 after telling family members he was going to kill himself. the fbi always believed he was alive. price and investors are accused of stealing $17 million of his clients' money. >>> a new study shows that dialing, reaching, or answering a cell phone increases the risk for a crash. the study did not distinguish between handheld and hands-free phones. anne-marie? >> there's so many distractions nowadays. wendy gillette at the new york stock exchange. thank you, wendy. >>> straight a

fiat automaker. back in 2009 the obama administration said they would only agree to additional bailout funds if chrysler could reach a tieup deal with fiat. responsible for paying for retiree benefits for chrysler workers got 55% of chrysler over the last few years. fiat received part of the company for meeting certain requirements. they bought some shares back from the trust and just in recent weeks reached a deal to buy the remaining part of chrysler about 42% from the trust. so as of yesterday, chrysler is a wholly-owned arm of the italian automaker. >> host: what does fiat want from the deal in term what is happening in the european and u.s. auto market. >> guest: it's striking. when chrysler was in trouble back in 2009, fiat was the stronger company. today fiat is in essence surviving because of the profits that chrysler is generating here the sales of pick up and suvs primarily. as you mentioned, the european auto market has been terrible shape at the 30 year low. sale have started to pick up s

officials found that upon impact, the steering column was bent back towards the driver and during the fiat testing, the front door opened after the hinges tour, meaning the driver could have been thrown from the car. happens regulates what when the front corner of the drivers vehicle collilides with another vehicle or something like a tree or telephone pole at 40 mileser hour. umventures is a local academic and business success story. it is the marriage of research and business. it takes ideas out of the lab and commercializes them. umventures is part of the unersity of maryland baltimore and college park and works with a local biotech industry to commercialize research. if a researcher discovers something useful in a lab, umventures helps assess whether or not there is a market for that idea. more often than not some of those ideas are turned into successful businses. umventures has two large businesses. joining us is jim hughes, the head of umveures. i'm curious. president obama was in north carolina this month talking abt the imimportance of the academic and business worl ming together

deal, few expected. >> why is this critical for fiat?f all the stake at 3.65 billion, they are paying for this with cash from chrysler and fiat. they are not taking on additional debt. and he wants chrysler's fash flow for expansion. what expansion? they are not a player when it comes to luxury autos in europe and in north america. a little bit. a niche player. they want to ramp that up and be more competitive. look for it to go on sale. fiat shares today, the strongest one day games for this stock since april which is one they will go. this is really more interesting than anything else. we're not going to see that any time soon. now cmax will collect solar power from a can pi above the solar rayors panels on top of the car. they then concentrate those rays and put them into the car and in theory, this car will be able to drive itself around and recharge without having to be plugged in. weight and practicality is the bottom line. we will not see this any time soon. but when they show it next week they will get a lot of attention because

"fiat completes its acquisition of chrysler." "a classic american car manufacturer has officially become 100% italian. tuesday that it completed its deal to purchase the 41% it did not already own of chrysler, the once troubled american car company. the transaction completes the 4.3 billion dollar deal announced earlier this month, making it the seventh largest automaker. you can see several of the papers around the country today on the completion of that merger. some stories on the automobile industry today. "the washington times" has a section voted to the auto show. the headline there is "future of driving and some firsts will be on display at the washington auto show." we will be talking about a few of those from the floor of the auto show. another headline, from "usa today." barrier,rs slam into and the spark was the only one to pass." later in the show, we will be bying -- we will be joined david strickland, former administrator of the national highway traffic safety administration, who talks new technologies and auto safet

fiat buying out chrysler. makin chrysler italian owned.g for .5 years after president obama brought in fiat to save amican jobs. our guess that this is his is what happens when governmen wheels and deals. >> who would've thought. melissa: it blows me away about this. their sales have slipped the lowest in two decades. propping them up. the map why do that. why do that with a failing company. look what the obama administration dead. >> and you know, the taxpayer basically gave the italians their company and we get nothing. melissa: they say that they get credit and error all these new models that came out and this is why chrysler is up and running. then give us $3 billion that we lost in the bailout. >> it's actually more. and i would agree with you here. melissa: oh,y goodness. [laughter] >> i'm continuing to support the bailout. and chrysler was not able to get financing of the time. so i like the blout. here's what i don't like. >> it's chrysler. in that taxpayer dollars are going die. >>nd it's going to be chinese jobs that it's creatin

fiat has agreed to buy more than 40% chrysler shares from a united auto workers trust. so fiat's full ownership, and chrysler estimates sold 2.6 million vehicles worldwide last year. up 18% from 2012, and more than 70% from 2010. that was the first full year under fiat's control. >>> a priest, found dead in his own church. police say they're launching a homicide investigation. a lot of football fans, this is kind of really rare, i believe. a playoff game you can't see. we've seen blackouts for seasonal games, but three playoff games fans may not be able to see in their own home city. stay close. [ male announcer ] this is betsy. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ >>> police they have launched now a homicide investigation as a church in california after a church deacon found the priest dead inside the wreck torre. it rectory. it happened in eureka in northern california. the deacon went looking for the priest when he didn't show up for mass. the

fiat put up some cash.ney of $1.9 billion another $700 million of payment to the health care trust which owns the 41% of chrysler, so essentially they bought chrysler with chrysler's on money. a lot of people who helped, some have some concerns about that. dagen would say we have been working our hot off. we ought to derive some benefit from this. so i think they have. >> got me off the street. dagen: standing out in chicago, watching the storm that is hitting that city in the midwest. i don't know how you're staying warm, but i hope you are not freezing to death. >> 20 degrees outside the with the wind chill, 80 miles per hour, feels a little bit more like six, this has been going on for about three days now. the snow has been a foot in many areas around the great lakes, the snowdrift building up to several feet, the snow plows are out on the road. entire fleet has been able to be out on the streets almost nonstop for the last three days and that is expecting to continue today into tomorrow as well as we e

fiat already owns 58.5% of chrysler.s sent the stock soaring today in europe. >> wendy gillette, cbsmoneywatch.com, thank you. >>> it is 5:39. coming up, simple solution, researchers coming up with the most effective way to reduce smoking. >> changing the game when it comes to buying a car. the new trend that's giving you the power to get the best price. >> but first, it wasn't just fireworks. what else was lighting up the night skies over california on new year's eve. posturepedic, even tempur-pedic. puppy: i found a red tag! ha-ha-ha! bulldog: mattress discounters' year end clearance sale ends soon. >>> another check of your "kcbs traffic" everything okay on the bay bridge but there was an accident near the fremont street exit t looks like they just cleared it. this is a live look at traffic coming off the bridge into san francisco. we are not seeing a delay but there are more cars than when we last checked. no sign of metering lights. we'll let you know if they turn them on. they have not turned them on in a while at

they can start regulating by fiat. two, the law that is the starting gun for the regulations set the boundaries in which they have to operate. if the agencies are operating all by themselves they don't have any boundaries. they go as far as they want. so that is what we have been dealing with the balance of lawyers. the will go through some of the examples. okay. and by the wake alleges to be clear, it is not just obama. harry reid, the way he runs the senate is governing by fiat as well. he is famous for filling the amendment three. you guys know what that means. that means a bill is supposed to have amendments given to it. by both majority party members in the minority party members. what reid does is files of bill for consideration and then kills the tree, meaning he fills all the amendments lots so that no republican can get any amendment on any bill. so that is dictated by fiat. of course, we know he pull the nuclear option for judges. now, why did he do this? this ties into what obama is doing. remember, they sai

italian carmaker fiat buys the rest of chrysler.mpany for a test drive. >> and getting home, a massive storm is coming. we will talk to an entrepreneur whose black car app will surge pricing. >> vintage 2014. champagne glasses are back on the cupboard shelves but there's more where that came from. we will take a cross of the high-tech future of winemaking. happy new year, everybody. you're watching "market makers."

you could say after chrysler was paid by fiat, fiat is now being saved by chrysler.anyone would run my job. he committed to another three years on the job. when he does leave, it will be somebody from within the company not without. where is the corporate headquarters now? we have a company incorporated in the netherlands. the taxol is the uk. dagen: love it. love you more. jeff flock. thank you. connell: jeff flock has been talking all week about how cold the weather is. right now it is 34 degrees in new orleans. that is where the super bowl was held last year. dagen: we will do some super bowl whether comparisons. you are looking live at super bowl boulevard. let's just call it times square. a bunch of fools who work for the media who are out in the cold in the middle of, well, new york. that is what you are looking at. ♪ ♪ [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before, america's electricity is generated by it. exnmobil uses advanced visualization and drilling technologies to produ

chrysler is going to be fully owned by fiat.reed to buy the remaining stake in chrysler. health care trust put up most of the funding for the deal. the whole thing valued at four point $4 billion. ford coming out with an electric concept car that uses solar panels on the roof to recharge itself. it goes on display next week. says the car may be the beginning of the future of the mass-produce rechargeable vehicles. that is tom with this companies news. go to philip mattingly, in washington where the affordable care act likes in today. who has the big relapse? -- who has the relapse? >> when you look at democrats as a whole and what they wanted to do, this is a very good day for them. how's summit -- house immigrants feel great. still a lot of skepticism. wille are wary of what happen this month. >> 2 million bodies in. how many bodies does the president need to have as part of his obamacare where he can is -- where he can say this has been a success. >> the target number everyone has been looking at is 7 million. this is what the

. >>> the poorest performers were the honda fit and the fiat 500. fiat says its mini car meets or exceeds government safety standards. honda is redesigning its are car for next year. >>> the federal government will propose new standards for child safety seats today. the national highway traffic safety administration wants to upgrade standards so children are better protected this in side impact crashes. they estimate the new standards could prevent the deaths of five children per year and injuries to 64 others. >>> well, an ohio man says he was yanked out of a movie theater by federal authorities for wearing google glass. the man was wearing glasseses like these during the weekend showing of jack ryan's shadow recruit. about an hour into the movie he was pulled out of the theater by officers with immigration and customs enforcement which also investigates piracy and counterfeiting. officers let the man go after determining the glasses were prescription and the recording function was turned off. the theater company says it takes movie piracy seriousl

no reason was given for pulling the ipo plans. >>> well, fiat along with some other automakers have a lot more to worry about right now like the safety of their small cars in crash tests. the latest crash tests of mini cars by the insurance institute for highway safety showed that only one of the 11 cars tested received a passing grade in a front end collision. the chevy spark was the only car to earn a top safety pick. the honda fit scored the worst. >>> we begin market focus tonight with a huge after the bell spike in shares of e-bay. the company announcing a $5 billion buy back plan after its earnings beat estimates by a penny. it was also revealed that carl icahn, yes, carl icahn again, owns slightly less than 1% of the company and is nominated two directors to its board. icahn also filed a nonbinding proposal urging e-bay to split pay pal and its marketplace businesses. the stock initially surged after the close. shares ended the regular session slightly higher at 54.41. >>> american eagle shares falling in the after-hours trade. the struggling teen retailer said its ceo of two y

tlanel car maker fiat when owns a major chunk of chrysler says ist own of chrysler for 3.6 million.te house brought fiat in to keep chrysler in as part of a bankruptcy proceeding. the take overof chrysler is expected to be an important step of initial public offering of chrysler. an ipo could happen the nextzfo three months. chrysler has enjoyed the comeback under fiat and began making a profit again in 2011. >>> first day of trading in the new year and i want to take a minute to go over some dow milestones. look at this. amazing what the dow gained. the fourth quarter the months from october through december, the dow gained 1,047 points or almost 10% and for the month oi december, the dow gained 490 points or 3%. wow. so when you take it all together, you have the dow up 26% last year. the nasdaq up 38% and the s&p 500 up 29%. you know it was the best year overall for stocks? since 1997! big donors feeling generous last charities. 15 individual donations exceeded at least according to the million and mike bloomberg, now the former new york mayor, gave 350 million to his alma mater

fiat is going to buy it instead. ceo wanted total control. >> it is what he have been working toward for almost five years since he took chrysler off the hands of the u.s. government as part of the bailout and the bankruptcy restructuring. it is a little more concretely integrated than it was before. the big prize is to let him get the cash that chrysler has and that chrysler was generating and do it to reinvest in fiat while the european auto market is at a bottom, try to kickstart that part. and then execute globally. >> a hybrid electric car that gets charged from the sun. this thing is a ford. the ceo will unveil the new concept car next week. since 80% of the electricity in the united states is generated by coal or natural gas, going solar makes the car totally green. we are back. a new year means new laws. the federal aviation administration trying to integrate drones in commercial airspace. the u.s. has approved flight centers in nevada, texas and virginia. why these sites are so important. >> this is technolo