look at fiat chrysler. up maybe 1, 1 1/2% to a little over 2%. the difference being, fiat chrysler has great exercise poesh you are under policies that will be promoting lower gas cafe standards. and there's the prospect you might have some kind of a merger acquisition in the future. so melissa, i know a lot of people want to say is this the end of the great bull run in auto sales? a little too soon to call it but certainly there are signs people are focused on. >> it is not peeve auto sales are peaking. more people he are within that broad camp of thought. this is, car prices are feeling the pressure. the context of that is the incentive environments. haven't automakers been keeping up with incentives in. >> correct. what you want to focus is the incentives relative to the transition price. it is still relatively in the range where it's been in that 10, 11, 12% range. if it spikes higher because they have to throw more cash on the hood. that's when you hear people say wait a second. >> all right. thank you. that special report. all right. people

to examine the volkswagen and fiat chrysler emissions scandals.. the senate environmental >>> i hearing will be held in sacramento today to examine the vehicles and fiat chrysler emissions scandals. she senate environmental quality committee as well as the transportation and housing committee will look at the settlement terms for volkswagen. volkswagen installed software on its diesel cars to cheat emissions tests. they admitted it. in january the environmental protection agency discovered similar violations by fiat chrysler. the committee plans to look at how to improve future enforcement actions in regards to fiat chrysler. >>> apple is unveiling new products and more disappointing news for wells fargo. joining us now kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning. apple adding a splash of color to the iphone. there is now a red version of the 7 and 7 plus. it will cost you more an extra $100 compared to the other colors in the 7 and 7 plus lines. also a new ipad a 9.7" retina display and the cheapest yet st

in part because consumer reports does not recommend a single fiat model. the automaker said we respect consumer reports' opinions, as they're one of three we've received comments frflt at the same time we encourage customers to experience our vehicles for themselves. >> people want to be in a jeep. they do offer something a little nontangible. that people do enjoy. that's okay. but as time goes on and more and more people drive these products, and they have the reliability products and they don't drive very well. it will hurt them. >> but so far, jeep has not been hurt by consumer reports' criticism. in fact over the last several years, regime sales have far outpaced the rest of the industry. proof the brand and its suvs are still attracting americans. even as others give it a poor report card. "nightly business report," chicago. >> the highest rated u.s. automaker. tesla. unbelievable. >> that will do it for us on "nightly business report." thank you for joining us. >> have a great evening, everybody. see you tomorrow. >> "nightly business report" has bee

fiat chrysler announced they will create 2,000 new jobs in michigan and ohio., general motors announced that they're adding or keeping 900 jobs right here in michigan. that's going to be over the next 12 months. that's just the beginning, folks. i told them, that's peanuts. that's peanuts. they're going to have a lot more. they're going to be building new plants, expanding their plans. my administration will work tirelessly to eliminate the industry killing regulations, to lower the job crushing taxes and to ensure a level playing field for all american companies and workers. before nafta went into effect, by the way, nafta, a total disaster. there were 280,000 autoworkers in michigan. today that number is roughly 165,000. and would have been heading down big league if i didn't get elected. plenty of things were stopped in their tracks. they were stopped in their tracks. lot of bad things were going to happen. lot of places that were going to get built aren't going to get built in other location. number of auto plants in the state has been cut by a third. motor

the fiat had been in the works over a year. japanese soft banks hundred billion tech fund three weeks before the u.s. elections, it is something he talks about but was already ongoing. >> so this is more fraud u lent ve verbiage so it was in a nicer tone but not really different from the lies he's been telling for weeks. democrats agree if this could be done will be good for the united states. almost all of the republicans voted against barack obama's infrastructure bills, in some cases won't let them even come to the floor. the trump proposal for infrastructure is overwhelmingly tax cuts for businesses that could help build new projects but there's no money in rebuilding the solar system. rebuilding a bridge. >> exactly. >> so the real repairs can't be done under the trump plan unless he changes. >> goes to what we were saying in the speak. as mentioned it -- >> mcconnell said no infrastructure until 2018 so this is way off in the distance. >> even a steady donald trump is stillrcissistic donald trump. we're have ag debate ove

chrysler was the fiat ceo. scarlet: we have breaking news on tesla.ising money, $1.15 billion, $250 million will be share sale and $750 million will 2022.vertible to the convertible note transactions will limit the solution effect of the share sale and they will use it to cut risk with the share sale. tesla is up more than 3%. the press release says elon musk will participate by purchasing $25 million of common stock. he's putting some of his own money where his mouth is. essay they're raising money to reduce the risk of the massive scaling up the business. the stock rising about 3% after hours. scarlet: let's get more analysis on the president's visit to detroit. .evin is standing by the message here from the president was that he will relax or look into relaxing fuel standards or take the first step toward relaxing fuel standards in return for the automakers hiring more workers in the u.s.. kevin: yesterday i was at a small business roundtable meeting with jamie dimon who spoke to reporters. he alluded to the economic confidence among ceos and busin

ceo of fiat chrysler is still interested in pursuing a merger with general motors. speaking to reporters at the geneva car show said the deal at gm remains attractive after he questioned the automaker's move to sell european operations to france's psa group. in 2015, marky on a sent a letter to gm to consider a merger saying it could lead to billions of dollars in cost savings. gm cto project did the proposal and a spokesman said yesterday that a deal still makes no sense for gm customers, shareholders or employees. lauren: chinese telecommunication giant has agreed to pay a heavy fine and plead guilty to selling u.s. technology to iran in violation of u.s. sanctions good commerce secretary wilbur ross said on fox business the settlement includes measures that will keep the company in line. >> it is 1,190,000,000, a portion of which is being held back from being paid right now as an incentive for their continued complaint over the next seven years to very rigorous auditing and other measures the gernment will be taking to make sure that they fly straight. lauren: an

fiat chrysler has announced that they will create 2,000 new jobs in michigan and ohio. and just today breaking news general motors announced that they're adding or keeping 900 jobs right here in michigan, and that's going to be over the the next 12 months. and that's just the beginning. i told them that's pea nuts. that's peanuts. they're going to have a lot more. they're going to be building new plants, expanding their plants. my administration will work tirelessly to eliminate the industry killing regulations, to lower the job-crushing taxes, and to ensure a level playing field for all american companies and workers. into effect, nt by the way, nafta, a total disaster. there were 280,000 auto workers by the way, nafta, in michigan. today, that number is roughly 165,000. and would have been heading down big league if i didn't get elected. i will tell you that right now. that, i can tell you. plenty of things were stopped in their tracks. they were stopped in their tracks. a lot of bad things were going to happen. a lot of places are going to et built here than other lo

it's a similar story for fiat—chrysler which has profit margins of 7.4% and 2.5% respectively. export for many of europe's biggest economies. given that national elections are due to take place in france and germany later this year, european governments will be keen to keep their domestic car industries ticking over. christian stadler is a professor of strategic management at warwick business school, and specialises in the car industry. good morning. given what i havejust said, why is there such a gulf between the profit margin in north america and that seen in europe? two factors. labour cost is higher in europe and there is still quite capacity in the european market which keeps down margins. the issue of currency has played a big part, certainly since the referendum in the uk? certainly for general motors, this was one of the reasons that they state why they did not turn up profit in the european operations and it drove them to finally sell the european operations. what are all those companies selling cars in europe doing to counter this and improve profit margins? we are se

and it is also wonderful to be here with the leaders, workers, engineers and suppliers afford and fiathrysler and general motors, and many others. we have so many leaders we just met, all the leaders of the major car companies and the automobile business. they are wonderful businesses, but it has been pretty much hurt here. it is not going to be hurt for long, that i can tell you. [applause] i am sure you heard the big news that we are going to work on the cafe standards so you can make cars in america again. [applause] pres. trump: we are going to help the companies and they are going to help there is no more beautiful sitght than an american-made car. [applause] pres. trump: i love this state. i love the people of this state. you did me a big favor because you gave me a victory and that victory has not been won by a republican in a long time, a long time. you are going to be very happy, believe me. you are going to be very, very happy. during the campaign i came to michigan, again and again, and i made this promise that i am going to fight for your jobs and fight very, very hard. [ap

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. >> coming up, we hope to get reaction from chrysler fiat. the chrysler fiat chief was hoping for a merger with gm over the years, we will see what he thinks about this headline that continues on here. >> let's look at u.s. futures, a couple hours away from the start of u.s. trading. here's the picture. looking at a negative picture. the s&p 500 off by 2 points. the dow jones set to fall just fractionally. the nasdaq seen off by 5 points. this after small losses for stocks across the board yesterday. the dow, s&p 500 and nasdaq saw their third decline in five sexes, cond sessions, as this trump rally keeps fizzling out. the xetra dax is clinging on to some modest gains, the cac 40 is down by a quarter of a percent. we are broadly lower for the fourth day in a row. once again weighed down by some company results. casino in france was a disappointment. in the currency markets, it's all about the dollar. the dollar has stabilized in asian trading. euro/dollar 1.0574. the australian/dollar 0.7590. no dovish buys. >>> coming up, dismantd dismanta

volkswagen wv reportedly open to fiat chrysler merger talks. what do we know?lkswagen ceo said this at a conference overseas. he saying you know what? i wouldn't rule out a merger with fiat chrysler. he hasn't talked to sergio marchionne at chrysler. big shake-up of robot cars and ride-sharing services there could be consolidation coming in the car industry. stuart: wouldn't that be something. got it. snow is falling. cars stuck all over the place. flights, thousands of them canceled. we'll bring in jeff flock at o'hare airport with the latest. what can you tell me, jeff? reporter: i have to foot of snow in my front yard. i didn't have to stay at hotel to get to work. but i digress. cancellations even as far as chicago. all the laguardia flights canceled. all the newark flights canceled. all the boston flights cans i would. all the washington flights canceled. we don't have too many people stranded, because people knew about this. heres the latest number on cancellations 5036. it's a mess out there. i hear you doesn't even have very much snow. stuart: in new yo

automakers may look unimpressive come appeared to the same time from aier ago, especially for foit and fiat which saw businesses fall last month. but the number of people buying remains strong and they picked trucks and suvs over cars. ford f-series vehicles jumped almost 9%. with gas prices holding steady, americans are looking to buyer bigger models. they've managed to bring down their inventories so they're in better shape heading into the spring sale season. most expect march, april and may to be busy for dealership. consumer confidence is high. a recipe for strong auto sales to continue. >>> after years, it increasing spending in investment. it is the first to do so marking a potential turning point. but as jackie reports, the move isn't without risk. >> when exxonmobil speaks, they listen. had that number up a bit from a pronls. now that it is stable, after a low last year. xonl seeped to feel more comfortable with short projects. ? it allows either up or down commodity prices and cash flow. more than one-third will be had invested in the long term inventory. they are primarily bought

becausery interesting sergio marchionne has been touting fiat chrysler, the other car company he runsossible target for general motors in a consolidation that he has long predicted. he is now saying possibly volkswagen could be the one that comes hoarding to italy and make a bid for fiat chrysler. we talked with other people who have been doing m&a. stood up with me earlier and listen to what he told us. >> if we have manufacturing in an. and a hard brexit as example, it is much better to source from inside then in other circumstances. in any case is if you look at different scenarios, because of course, neither you nor me will know exactly what will happen, i think we have more options on the table that we can leverage to find their own way and is very chaotic world -- in this very key audi chaotic world. thingsutomakers can do like m&a and consolidation to try to get around these uncertainties that they are facing. brexit is a different kind of uncertainty than automakers exporting cars into the u.s. market, but it's still a very similar issue. tavarez is saying that they have used

fiat chrysler is creating jobs in michigan. the ceo says he wishes he could gi trumpcredit.e well before the election. ford is cancelling plans to builds a plant in mexico. it's investing in electric and self-driving cars in the u.s. ford citing the pro business environment that says they did not cut a specific deal with president trump. other companies like carrier did cut deals with the president. and he does deserve credit for creating an environment where companies want to promote their u.s. workforces. that is what's really changed here. what's really changed here, these companies want do go out saying yes, we want to create jobs in the u.s. maybe they can creating those jobs our and didn't think it was necessary to promote it. but now you want people to know. >> even at that, we're talking about the fringes. we're talking about tens of thousands of manufacturing jobs, not enough to make a dent in the overall -- >> that's what we were talk about with border adjustability. there's this feeling among some that if you change the way imports and exports are taxed that you w

they were bused in by ford, gm, fiat chrysler. i want to thank him for what he was doing today. this is widely reported in advance, which is to say look at fuel economy standards. they are a little too tough on you guys. the president making no bones about how fond he is is of the auto industry provided they create jobs here in the u.s. here is how he put it. >> i'm proud to say i followed through on my promise and immediately with drew the united states from the tpp. i kept my word. the assault on the american auto industry, believe me, is over. reporter: now, how did the auto industry executives react to all this? we had all this talk about jobs in mexico and all that business? he made his point very clear. each of the ought to industry executives say they're on board with him. mary barra, for example, this midterm review of the fuel economy standards which they didn't get, they don't feel from the obama administration, really could be a boon to the industry. mary barra, to us. >> i'm very excited we're able to have that review because i think there is more effective ways we c

you made the point time and time again he's been able to rule by fiat, executive order after executive is not that. can this be the legislative, can this be the president that actually can win through legislation? >> this is the hard work of washington. this is why a lot of americans out there hate washington because they see it as gridlocked. in many ways this is how our government was structured and how it works and allows us not to my point about ruling by fiat, have a king or a queen who decides what we do. that's why we broke away from great britain, the legislative body. congress has as much power as the president does. that's what makes us special. last night i was more pessimistic this morning. i think we're at about a 51-49% chance. i think there's incredible amounts of pressure in the coming hours to turn these people around to make certain this isn't a loss of the first vote. this is the first of multiple votes not only in the house but the united states senate and they have to come back together. you don't want to deal your president a losing hand on the first vote. >> jack

fiat says the plans to invest in that michigan factory had been in the works for over a year. soft bank's $100 billion tech investment fund three weeks before the u.s. elections. again, that's something that he talks about but was already ongoing. >> yeah. so this is more fraudulent verbiage coming from donald trump. so it was in a nicer tone tonight. but it wasn't really different from the lies that he has been telling for weeks. i want to just say something about infrastructure. because i think democrats agree if this could be done it would be a good thing for the united states. almost all of the republicans voted against barack obama's infrastructure bills, several bills over the last eight years. in some cases they wouldn't even let them come to the floor. the trump proposal for inf infrastructure is overwhelmingly tax cuts for businesses that might invest in infrastructure. and those could help build new projects but there is no money in rebuilding a sewer system, rebuilding a bridge. >> exactly. >> the repairs that we need can't be done under the trump plan unless he cha

fiat-chrysler recalled cars and suvs because the gearshift makes drivers forget to put the vehicle ink before getting out. for decades cars with automatic transmissions had a simple shifter like this one. but car makers say new designs can set their models apart or offer a touch of luxury. but consumer reports warns those new designs can be complicated and even counterintuitive. >> the problem with these unconventional gear selectors is that they make it hard to consistently pick the correct gear, especially park. in the worst case that means the car could roll away. i'm right now in an merced mer z mercedes-benz. the shifter is a mono stable electronic shifter. that means no matter what returns to the center. it makes it hard to see what gear you're in. to putting it park, there's a small button that completely blocks the steering wheel. >> reporter: another problem, on some models it's possible for the car to roll after the driver gets out. but some manufacturers have build in safeguards. ford, lincoln, acura, honda, gm, now automatically return to park if the engine is on or if the

other business headlines, volkswagen is not ruling out potential merger talks with fiat chrysler.embattled german carmaker appeared to do an about-face since dismissing the possibility last week. also slashing compensation of senior executives by 37% in the wake of the emissions cheating scandal. the bank of england's new deputy governor has quit before she even got the chance to start. she hadport showed hidden the fact that her brother worked at one of the bank she would be regulating. she said she was wrong for not declaring her brothers senior role at barclays. -- yahoo! chief executive to marissa mayer is expected to be out of a job when the company is bought by verizon. she set to take, record $23 million in severance pay. she will continue his head officer until the two companies sealed the deal. thomas mcinerney will take over as for director. the show that made the world of advertising seem cool, madmen has hit real-time success. it will be launched by the company itself. use the artwork as billboards in new york city as well as some publications and across social media.

police are looking for her 2013 silver fiat 500 with these plates. 0600. >>> well wherever you live kids need something to do and positive places to channel all that energy. montgomery county crown in the wants to put in a skate park where it could go has got people divided. fox 29's shawnette wilson joins us live from lansdale. shawnette, you talked to lost anybody's out there tonight. >> reporter: i did, iain. and some people who live in newly built homes in this community have collected a petition of 100 signatures against this forth street location. now other who's favor fourth street for the park say an active park is a safer park. >> it gave me so many fines just from riding the streets. >> reporter: i wasn't witnes witness-year-old anthony and his friends are masters at skateboarding and biking. but here in lansdale they say the only place to do it is on the street in some areas of town there's an ordinance against it. >> we had good skate park i think everyone would not be getting in trouble any more. >> reporter: the good news for these kids

it is a long shot because point about this, the judicial fiat still there.week going to go before a judge. it is going to be news. opponents are going to remain timber at the beginning he said i cannot imagine any candidate remaining as a candidate, but here he is doing just that. the hypocrisy is going to keep coming back. that must have terrible effect. we will have extensive coverage of the presidential campaign, and this week we are going to be live from the netherlands for the dutch elections. in a few minutes, we will be speaking to bbc arabic. significant stories relating to the islamic state group, one from raqqa, one from mosul. a senior british police officer has announced that 13 terror attacks have been stopped over 14 years. it was also said that over the same period, more than 500 life counterterror investigations at any time. the home secretary amber rudd was in parliament to answer questions but reminded the public she can also —— they can also help prevent attacks by reporting information. they can also help prevent attacks by reporting info

it's a similar story for fiat—chrysler which has profit margins of 7.4% and 2.5% respectively.europe's biggest economies. given that national elections are due to take place in france and germany later this year, european governments will be keen to keep their domestic car industries ticking over. but becoming more profitable. we will have lots for you from the geneva motor show. brazil is releasing its gdp numbers for 2016 today and it's set to be a disaster, quite frankly. officials are likely to confirm that brazil's economy has been shrinking for the past 2a months. but the government believes the recession may be near the end and that the economy could be already growing in this first quarter of 2017. to ordinary brazilians, the long recession has been devastating and is still taking its toll. we will have a special report from brazil and the other business stories soon. the chinese government has declared its aim of making the skies blue again by tackling the country's air pollution crisis. the authorities want to reduce reliance on coal, and invest billions in renewable

. >> fiat chrysler. a gain of more than 50% since november 9th. two messages from donald trump.s, i'm going to work with your automakers to bring down costs. to a broader audience nationwide this is what the trump administration has said it would do for a long time. take on regulations that they believe are hurting american businesses. kelly, back to you. >> phil, real quickly because of fiat chrysler -- would they ever combine with vw? >> oh, boy, that's a loaded question. i think too much was made out of the comments from the vw ceo who said, look, if he calls me, i take the call. that was the comment in germany. it spread like wildfire. sergio believes there should be consolidation within the industry but it's way too soon to say fiat chrysler and volkswagen combining makes sense. attractive ideas but too early to say it's a possibility. >> you can see why the market likes the speculation. phil lebeau, thank you. out in michigan. >>> bringing in james albertine and dave wittman from morning star. what happens in 54.5 goes away? >> thanks for having me. good afternoon. i don't

we're seeing companies like exxon, walmart, intel, ford, fiat chrysler, so many others announcing theyill keep and create tens of thousands of jobs in the united states. many, many companies are not moving now, which normally they would have been out of here a long time ago. they're not moving. they understand there's going to be consequence. if they move, that's fine. there's consequences. first two job reports that have come out since my inauguration, we've added nearly 500,000 new jobs. right after this meeting, we will be signing a new executive order to begin the process of re-organizing the executive branch to make it less wasteful and more productive. we're also working closely with the house and senate republicans to repeal and replace obamacare. obamacare all of a sudden the last couple weeks is getting a false rap, that maybe it's okay. it's not okay. it's a disaster. people understand that. it's failed. it's imploding. if we let it go another year, it will totally implode. i told the republicans, why don't you let it go another year? that way everybody will really understand

prices cannot be controlled by fiat. that's the role for markets.u have a bureaucracy in washington trying to figure out how many bananas are consumed in des moines, it won't work. >> congress when and -- >> one of the things i was proud of that president trump did out of the gate was the federal hiring freeze. you can make a compelling argument that government is smaller today -- we're not replacing -- we have to realize it's not just fix cost, travel cost, it's housing cost, and the cost on the economy. it's not just 85,000 hammer or the boeing or the cost on the economy. it's hidden cost of the regulation putting on business that makes the cost more expensive. >> in oklahoma determined that obamacare medicate expansion was not the right direction for us. for the last five years, our medicate agency has spent time trying to force it on oklahoma. they grown our 124%. all while asking oklahomians for money more. the problem is that policy matters in your identifiology matters you tend to believe that humans are the ones to best help themselves flour

so ford's go it alone strategy, phil, may not even be working as well as waymo, which is all fiat.hey have 100 vehicles they did in december. i think numbers were very good. >> you're not saying this is a tilting windmills where no matter how much money they plow in they can't keep up? >> i am saying that i think we could talk all we want about google and this ad situation which i think will be resolved rather quickly by google, but the main thing to recognize is that waymo's figured it out. and driven in a waymo car, i've got to tell you, their cost, their disengagement, google will be an autonomous car play and a search company in three years. >> phil, we'll come back to you on this one. thanks for coming to the phone. our phil lebeau. we'll get cramer's mad dash and opening bell in a few minutes. futures, we'll see if they reflect any of the ford uncertainty. more "squawk on the street" from the nyse in a minute. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ hello, my name is watson. ♪ ♪ our first name has always been 'american'. at at&t, we employ more than 200,000 people with good-paying jobs. conn

it's a similar story for fiat—chrysler, which has profit margins of 7.4% and 2.5% respectively.ny of europe's biggest economies. given that national elections are due to take place in france and germany later this year, european governments will be keen to keep their domestic car industries ticking over. with me is bbc business correspondent theo leggett. we have dragged him out of the newsroom! good morning. rachel outlined the width in the profit margin that there is between north american business and european business, why? it is very easy to cut back over capacity and reduce costs if you are on the verge of ba n kru ptcy costs if you are on the verge of bankruptcy or have gone bankrupt, thatis bankruptcy or have gone bankrupt, that is what happened to the north american car industry during the financial crisis. general motors and chrysler both filed for bankruptcy, they restructured, had talks with they restructured, had talks with the unions, changed pension arrangements, massively cut costs. that did not happen in europe, we had a subsidy of the car industry with scrappag

since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, walmart and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [ applause ] the stock market has gained almost $3 trillion in value since the election on november 8. a record. we've saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic -- and it is a fantastic -- new f-35 jet fighter and we'll be saving billions more on contracts all across our government. we have placed a hiring freeze on non-military and non-essential federal workers. we have begun to drain the swamp of government corruption by imposing a [ laughterlaug -- ban on lobbyi by executive officials and a lifetime ban -- [ applause ] thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken a historic effort to massively reduce job-crushing regulations creating a deregulation task force inside of every government agency. [ applause ] and we're imposing a ne

ford, fiat, lockheed, intel, walmart, and many others, have announced they will invest billions of dollarshe united states and will create tens of thousands of new american jobs. [applause] liz: president trump's first month in office bringing a massive economic boom. 290,000 jobs were add in february. 100,000 more jobs than wall street predicted. the co-chair of great american alliance. eric, what do you think of the blistering pace of jobs added last month? >> the last two months has bent largest increase in job creation since september of 2015, and it's interesting, we talk about the promises efrain on, now they are -- promises he ran on, thousand they are promises kept. i think the president is keeping his promises to the american people. the market looks like it likes these policies. and these are good paying jobs. these are construction jobs up by 66,000. manufacturing jobs up by 32,000. how is trump going to do that. he can't do that. was he wrong? >> he was wrong. he never had a private sector job before. so i have think what you are seeing is really the culture of confidence for t

since my election, ford, fiat chrysler, general motors, sprint, soft bank, lock keyed, intel, wal-martnd many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [applause] the stock market has gained almost $3 trillion in value since the election on november 8th. a record. we have saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic and it is a fantastic new f-35 jet fighter and we'll be saving billions more on contracts all across our government. we have placed a hiring freeze on nonmilitary and nonessential federal workers. we have begun to drain the swamp of government corruption by imposing a 5 year ban on lobbying by executive branch officials [applause] >> and lifetime ban. [cheers and applause] thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken a historic effort to massively reduce job crushing regulations, creating a deregulation task force inside of every government agency. [applause] and we're i

fiat, renault and pugoet could face charges as well.t's not clear if the france will pursue charges. investigation but it has been cleared. michelle: a few days after meating with president trump, german chancellor angela merkel is denying that they owe money. germany went through a significant military drawdown after world war ii. and merkel says the spending shouldn't be uncoupled from history. speaking of defense spending new pictures from north korea, kim jong un's state media calling a rocket engine test "a great leap forward for the nation's program." that technology could be used to launch a long range missile or satellite. they claim they are close to test launching intercontinental ballistic missile. jonathan: coming up, the have accepted. >> how would you describe your own actions? >> stupidity. >> that is a good way of doing it. you want to talk about a knucklehead move? the creature lurking below the surface that the kid knew was there before jumping in the water. michelle: your smart tv knows a lot about you. the data it's

he's done it by fiat and by -- >> that's the easy stuff. >> yes. >> i'm not saying it's not significant it's not the hardest, heaviest lifting. we don't know what's going to happen. but we do know the following. this party no longer at least for the next few months, maybe for the next four years, is no longer committed to the religious belief in the adam smith view of trade. this is truly important because it means that the party -- the republican party has a real chance to appeal to working men and women in a way that never happened before, including with reagan because workmen and women got left out when free trade, or buchanan used to say globaloney prevailed. it hurt a lot of americans and it made america no longer a nation of manufacturing. so this has already changed. >> is this permanent alignment? >> there's not a permanent alignment in american politics. american politics are constantly shifting. i know that people in this audience agree, enthusiastic about the fact that these three blue wall states went for donald trump. but they went for donald trump by a combined total of 10

since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, wal-mart, and others have announced they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [applause] pres. trump: the stock market has gained almost $3 trillion in value since the election on november 8, a record. we have saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic -- and it is a fantastic -- new, f-35 jet fighter, and we will be saving billions more on contracts all across our government. we have placed a hiring freeze on nonmilitary and nonessential federal workers. we have begun to drain the swamp of government corruption by imposing a five-year ban on lobbying by executive branch officials, and a lifetime ban -- [applause] pres. trump: thank you. -- and a lifetime ban on becoming a lobbyist for a foreign government. we have undertaken a historic effort to massively reduce job crushing regulations, creating a deregulation task force inside of every government agency. [applause

we have fiat-based currencies. but the horrible system we have got now. taxing stuff overseas, even it's been taxed by foreign governments, this is a way to say we are going to tax what's consumed here. >> james' position is don't worry about any of this. it won't effect our trading relationship at all. the dollar will do you give up and everything will be the same as when we started. why do it in the first place. why not give us a flat tax and get out of our face in terms of whether we are buying or selling from abroad. paul: still ahead, attorney general jeff sessions under fire for his meetings with a russian diplomat. and e-trade... you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ >> let me be clear. i never had meeting with russian operative or russian interests meadearys about the trump campaign. and the idea that i was part of a quote continuing ex ask change of information during the campaign between trump surrogates and intermediaries for the russian government is totally false. paul: attorney gen

he took credit for fiat and intel bringing back jobs, jobs can companies had already announced. and one he repeats that got my attention, 94 million americans are out of the workforce. >> tonight, as i outline the next steps we must take as a country, we must honestly acknowledge the circumstances we inherited. 94 million americans are out of the labor force. >> this is true in the literal sense. it is called the biggest pinocchio by the "washington post". 94 million includes every single retiree, every student, stay-at-home mom and dad. if you include that, then it is a 42% unemployment rate. that's just not the case. was he specific enough? keep in mind as the president calls for unity it came roughly 11 hours after he went on fox and friends and called pelosi in competent. sam, you had mentioned the stock market going over 21,000 on the dow. clearly investors liked what they saw. >> they are bullish this morning. scott, thank you very much. scott will be looking at president trump's tweets, executive orders. he would like to hear from you. share your thoughts with him on twit

and fiat chrysler missed sales for february and were down 10%, but it seems that investors are a bit of a chrysler pastor -- bit of a pass. vonnie: more breaking news on the trump cabinet. the senate has confirmed ryan zinke of montana as the interior secretary. the second term senator had just been reelected and with him at is setm, the department to prioritize coal, oil, natural gas development over renewable projects. inke asain, ryan z interior secretary. some senate democrats were not convinced, including maria cantwell of washington state. i said earlier that ryan zinke had just been reelected as senator. of course i meant congressman from 110 of i but get back -- from montana. let's go back to politics and president trump taking a softer tone in his congressional address. chief washington correspondent kevin cirilli is that the white house. what is the president planning today post address? kevin: president trump will meet with senior congressional leaders in the roosevelt room this afternoon. is trying tor he galvanize support on capitol hill for his legislative agenda. he ha

conversation of what the leaders of this community need to be doing with the conversation around israel fiate dean of her academic said to not talk to or engage with the zionist. personally myself. so no way of being squeezed out on the right did is happening on campus and across the country into the j. st. students but i deeply believe in in the ability to do the grass-roots organizing and to know that we call about a center on campus that gets us closer to what we all want but what i need from this community is to give us that space in the fight to have the alternative resolution but it said in the alternative resolution the federation in chicago was not happy and so much pressure was put on the students the resolution actually dissolved so what i need is not just a helping hand but to do my work. [cheers and applause] >> i cannot tell sanford to say i m pro israel you should love it to. jay st. needs to think more pragmatic preferring to have you help me do that as well but is more than just to say i've of israel. [cheers and applause] -- i love israel. >> you are in a position heading an

. >> since my election, ford, fiat chrysler, general motor, sprint, softbank, intel, walmart and manythers have announced they've invested billions and billions of dollars in the united states and will create tens of thousands of new american jobs. >> as some of these executives have credited the president for his pro-business stance on tax reform and deregulation. that's one of the reasons so many of these stocks are r rallying here. some of these cases the jobs were part of a preannounced plans. intel with $7 billion in an arizona factory creating 8,000 jobs but iel announced that back in 2011 with president obama actually on hand there for the photo op. a strong demand for trump policies is the reason it's reinvesting now. chrysler ceo said he wishes he could give trump credit but those plan were in place. the ford cites the pro business environment but says it did not cut a specific deal. with president trump. other companies like carrier did cut deals with the president and he deserves credit for creating an environment, they say, where companies want to promote their u.s. workfo

is the fiat chrysler ceo saying some suvsexception, i hod exempt these cars from that.e are not trying to invade the united states with a lot of cars. also runs ferrari and says the company can't meet performance goals by selling an adequate number of cars was sufficiently higher margins. performance goals by selling an adequate number of cars with significant -- sufficiently higher margins. heinz reviewing bids summit it hewlett-packard enterprise is expanding its hardware lineup, they have agreed to buy nimble storage in a deal $1 billion. they will give hewlett-packard better reach to the lower end segment of the market. meg whitman is spending more on acquisitions after a mobile your effort to make theflh. bonds, currencies, gauges all of her plunging to 2017 lows as a near certain interest rate increase ring sphere of the markets desk brings fear of the market?or does it ? heidi richardson joins us with ideas. let's begin in the u.s. where getting a fed rate increase next week, most people think we are, we may not, where have flows been going? heidi:week about and

fiat dropping a whopping 5%. this is mounting concerns over prices.pecifically allied financial had a present participation mention ad number of metrics. we knew about the used car prices and how they're declining. but auto lease dwrees about 5.5%. in the second quarter of 2016, they were two percentage points higher. a dramatic change in the past few quarters. >> i think if we want to think about the auto sector, do they have credit issues on their hands like we've seen in the past? i think not. do we have a cycle for auto satisfies? very possible document we have valuation that's make a lot of sense? i've been trading gm pretty actively over the last few months. that's a trade by the way. but for a company reaffirmed a couple times. i'm okay with what i have for 2017 and a 5% dividend yield he. >> it is a trade in terms of offer autos. do you think it is an investment? >> a lot of the dealerships were pushed to take on inventory they couldn't sell. >> rights are moving higher. you said it. you have used car prices definitely hitting a wall at this p

he took credit for fiat and intel bringing back jobs, jobs can companies had already announced. one he repeats that got my attention, 94 million americans are out of the workforce. >> tonight, as i outline the next steps we must take as a country, we must honestly acknowledge the circumstances we inherited. 94 million americans are out of the labor force. >> this is true in the literal sense. it is called the biggest pin nokia by the "washington post". 94 million includes every single retiree, every student, stay-at-home mom and dad. if you include that, then it is a 42% unemployment rate. that's just not the case. was he specific enough? this is the perfect time to get the tkras therbrass there. remember that rally is based on expectations on tax reform and stimulus. investors were expecting to find out more last night. >> how is he going to pay for all of this stuff? that question still remains. thank you very much. >>> scott will look at the executive orders and speeches on today in the bay. he would like to hear from you. share on. @scottmcgrew. of course we have all the lat

since my election, ford, fiat chrysl, lockheed, intel, walmart and others announced they will invest billions and billions of dollars in the united states and will recite tens of thousands of new american jobs. [applause] liz: house minority leader nancy pelosi among other democrats refusing to clap when the president spoke about creating american jobs. this as democrat women wore white in solidarity with women's issues. the sufficient a jet movement wore -- the sufficien suffragete white. dog, what do you think of the democrats' reaction? >> it reminded me of the election. them were caught off guard. they were victims of his own propaganda. they expected him to be hateful, he was compassionate. they say he was a narcissist. he was sharing the stage with everybody in the chamber. they weren't prepared. they looked like a herd of and the lope out on the plains. i see elizabeth warren started to clap. can i clap? it was comical. liz: it started out that he was getting cornered and boxed in. now it seems like the democrats are boxed in. then we have an msnbc panel was mocking the democr

i saw the pope come to town and ride around in a fiat. and just now i saw our mayor pull up riding around in a a. pickup truck. the times they are a changing. mayor, could you do us the honors and give us a measurement here with the official pat collins snow stick. just find some untouched snow. and put it in. what do you got there? >> it looks like i have 3 inches, pat. >> 3 inches here in connecticut. . i know youen went to the white house the other day to talk to the president about our snow preps. what was that like? >> we appreciated the outreach from the white house. we have new president, new administration officials and they have to make some decisions about the federal workforce and so i thought it was important we established those new relationships. >> office? >> the oval office is as magnificent as you might think. it's the people's house. and that oval office is representative of our great nation. >> did you get a paperweight or a little souvenir? >> no, but we talked a lot about snow prep and metro and how d.c. and the feder

said that the courts have a clear message from truck trump's executive -- president trump executive fiatt up. and congresswoman lee posting once again trump's harmful, heartless muslim ban was no match for the constitution. this halt is another victory for the resistance. >>> and san francisco mayor lee posted this on twitter, no matter the version, the travel ban is discriminatory. we fight against intolerance and stand up for all of our residents. so far there's no reaction yet from the president and social media. and our channel 2 website, we posted a link to the judge's entire ruling. check it out andlike under web links -- and look under web links. >>> president trump is unveiling his budget proposal today. it includes a $54 billion boost for the military and $1.5 billion down payment on the border wall between the u.s. and mexico teen pay for the priorities, he's proposing cuts to several agencies, including agriculture, labor, state and the epa. the budget eliminates the nation will endocument for the arts and low income heating assistance and the american national service program