chrysler upgraded fiat to a triple b minus. this weakness is potentially because there are reports fiat chrysler may bid for exeter financial, which is a unit of blackstone. a financial company. it does have some stake in subprime auto loans. potentially fiat chrysler may bid for that company. there's also a lot of news in point is there is. trade takes the spotlight. for more on what's happening we are joined by michael mckee, bloomberg's international policy and economics correspondent. so far we had most if not all the leaders, with the exception of one join. merkel cominga late because she had airplane problems. got on a commercial flight from the dreaded to buenos aires. president trump was supposed to meet with her this afternoon and said they would meet tomorrow. it has been a day to talk about trade. the potential for a trade deal with china is on everyone's mind. this morning the president joined with the prime minister of canada, justin trudeau, and the president of mexico, at least for the next 12 hours, and they sig

did you turn it into fiat and lock in the gains?f our treasury justement is moved to fiat for conservative treasury. if you take a look at how we use the token, we did a token sale so it was through the business. you can use tokens for a whole host of different mechanisms like fundraising events, invitations, this about anything imaginable. joe: and you have transferred most of that money into fiat. one of the pushes was all i ceos and the degree to which anyone had visibility into what you have done with the money. how do the holders and anyone not involved directly with your company see how that money is being held? brendan: as you go forward, you can see the things we are doing. we had announced a billion-dollar commitment to a program which is designed to start investing in business is building on the protocol. if you look at other networks and how they created tokens, a lot of it is done through proof of work spending lots of money on electricity's that ultimately gets burnt and contributes to a lot of environmental negativity.

by government fiat, production gets rolling. the more industry board, armed with extraordinary powers, reporting directly to the president, keep the economy disciplined with a tough regime of priorities. it is a pattern alien to american. business by government regulation. blessed steel for auto parts, none for corsets, none for guns. less cltoh for blouses, more for airplane fuselages. even with the speed up, industry will never quite catch up with the war. in a single ceremonious day, fourth of july, 1918, 95 ships are launched. one will cross the atlantic by -- but none will cross the atlantic by the time of the armistice. nor will any american-made tank get into action. the american expeditionary force will fight with french and british tanks and artillery, while the bugs are being worked out over here. it is late in the war before the arsenal of democracy is geared up for the business of war. its problems of manpower and material settled. one new source of industrial manpower is the negro. recruited by the south of the thou

announcements where fiat chrysler stopped making the dodge start.ord saying it will get rid of all cars they produce in north america, with the exception of the mustang. this is something detroit carmakers have been up against able torms of being make sedans able to make sedans profitably that can compete with the japanese and the koreans and there waving the white flag at this point rather than continuing to try that fight. vonnie: we do have a response from the canadian prime minister, who says gm workers were the heart and soul of the city where the gm plant had been for years. the expect -- expressed deep disappointment in the gm ceo. let's check in on the first word news. courtney: president trump says the u.s. will close its border with mexico permanently. teargas wasfter shot at migrants trying to cross the border fence. he says many migrants are stone cold criminals. there was dramatic renewal tensions between russia and ukraine. russian forces fired on three ukrainian navy ships. the attack took place near crimea, which russian president vl

and just like, you know, you can buy a little fiat 500, you can buy a ferrari. right?is a ferrari. another one is a fiat 500. >> reporter: which leonardi thinks may be best appreciated simply on a spoon. >> mm. to me it just coats my entire mouth with a feeling that no other product gives me. it's more than just a food. it's balsamico. >>> the vietnam war is becoming a faded memory for many americans. but not for one soldier that steve hartman found on the road. >> reporter: inside a humble home in wendell, idaho on a shelf tucked behind this picture, john metzler keeps the letter that he says got him through the vietnam war. >> it's written by a girl in the sixth grade. >> you didn't know this girl? >> nope. >> reporter: john was a 23-year-old army helicopter gunner. >> when you got up in the morning you always wondered whether you would see the sun go down at night. >> reporter: and because he had such a deadly job in such a thankless war, that little girl's note mattered. it arrived on christmas day 1970. and it simply read in part, "dear serviceman, i want to give

fiats, fords in the u.s. and sales could decline.ost importantly, the bigger picture is that the fundamental technology driving these vehicles, batteries, and battery prices, are falling. in the next five to seven years, without any subsidies, these vehicles will be cost competitive on an upfront basis with combustion engines. it is important to put this into context. over the long-term, rely onication does not subsidies. in the short-term, it would put a drag on sales in the u.s. emily: what is -- what does it mean for tesla more specifically? being an electric car company building a factory in china. david: if you're talking about the tax credits, it does not mean much for them. the trade war is a bigger problem because tesla is exporting a lot of vehicles to china. they will build more there. it does not hurt them unless they intend to sell their chinese production to chinese buyers as opposed to bringing them to the u.s. longwill be problematic as as the trump administration is calling the shots on trade. with : david walsh along

take a look at fiat chrysler. they did not disappoint.ally surprised the upside. 16% year on year change could the expectation was 12%. the jeep and ram brands, the big autos, up 9%. and 14% respectively. that is really the story. if you have a big auto, you are probably doing well. a.l. molly surprised how much americans love those big cars. they are the size of two cars in asia. [laughter] ramy: you are right. the thing is, if you are a purveyor of a sedan, you are still getting slammed. for example, when we are talking about honda, toyota, those are the cars that are actually getting hit. toyota, they did see some big numbers in terms of the big companies here -- big car companies that the corolla, as well as the prius, both of those fell in addition to the jeeps as well. were just the name of the game. also with honda, basically americans hate those small cars. those are the ones you see right there, the smaller ones that are so popular in asia. ramy: fuel-efficient. i like that personally. shery: thank you so much good rainy inocenci

i'm showing you this because remember two and a half years ago when then ceo of fiat chrysler said i'm throwing in the towel on sedans, nobody is buying them, they're low profit margin, get rid of them and everybody said smart move. since then fiat chrysler up 84%, general motors up 2.2% melissa, i find it ironic that for years covering this company i would hear from people saying they're slow they're plodding, they never make the moves when they need to to remain lean and that caused them to go into bankruptcy here's mary barra trying to get ahead of 2 curves saying nobody is buying these sedans and they're getting skewered from the white house down to politicians in michigan and ohio which issurprising given the fact they're cutting 15,000 jobs. >> the president saying they better open up something else in ohio, are there other vehicles that could be reassigned to those plants to appease the administration >> well, there are vehicles that could be reassigned. they won't do that because you have to retool the plants and that is extra cost what are you going to do, move something from

for that we turn to phil lebeau. >> we have numbers from ford, fiat, chrysler and toyota. are comparisons for a strong october last year. ford down 3.9%. that is a little bit better than the estimate of decline of 5%. the car business continues to be down 17% last month. fiat chrysler, an increase of 15.7%, much better than the expectation which called for increase of 9.2%. ram trucks best october ever up 14%. toyota up 1.4%, a little weaker than the estimate of up 2.3%. the bottom line is this, we will be seeing pretty strong numbers in terms of october auto sales probably in the range for a sales rate between 17.2 or 17.3 or 17.4 million. anything over 17 million is strong. guys, back to you. >> we'll see what mary bar tells the deal book. >>> let's get to the bond pits. good morning, rick. >> one week of 30s. we extended up to 341. let's zoom out the chart to july of 2014. 30-year bond extending the cycle high originally at 340. that is based on a close. what i'm really trying to show is how the curve has moved. if you look at the two-year the high yield close going bac

is following a road paved by fiat, chrysler and ford. lester? >> ann thompson tonight, thank you. >>> to the big storm socking thle of the country quickly asoving onto the northet, fueling frustration at the airport. nightmare delays and cancellations for families that want to get home. nbc's matt bradley is in chicago >> reporter: chaotic conditions. standstill trucks flying off the road. >> i saved it from hitting a guard rail because it would be more damage. >> reporter: power knocked out throughout chicago and nightmare travel with more than 0 flights out of chicago's o'hare airport cancelled. >> originally, they said i would be on 8:20 a.m. and then turned around and said i would be 8:20 p.m. >> hopefully get on tampa and go via tampa to phoenix, arizona. i tried to fly through dallas and that was also completely booked. >> i want to get back home. >> reporter: the storm is now racing for new england where it's expected to bring snow, highv winds, and even more headaches this week matt bradley, nbc news, chicago. >>> presidump is defending

coins like feather manipulate bid fiat. massive criminal amount. eight, icos are associated with security tokens are noncompliance securities that break all security laws this. re mostly scams an even the s.e.c. created a fake web site to warn investors of such initial pond scums. nine, utility tokens and widespread tokenization would mean a return to the stone age of barter. even the flintstones new better than crypto, as they used clam shells as their only one currency. tenth and final point. corporate block chain, so-called enterprise, are glorified databases and have nothing to do with block chain. they're private, rather than public. they're permission rather than per miss-less. based on trust of the authority, very fine transactions. they are not distributed on millions of computers but rather on a few selected controlled databases this. he don't ute crypto graphic authentic transactions but trust permission of authorities. in summary, they claim to be block chain, but they have nothing to do with block chain. and 90% of all corporation exper

in turning away from passenger cars, gm is following a road already paved by fiat-chrysler and ford. lester? >>> thank you, anne. now to the big storm socking the middle of the country quickly moving to the northeast, fuelling frustration at the airport. nightmare delays and cancellations and a lot of families who just want to get home. nbc's matt bradley is in chicago. >> reporter: chaotic conditions after a heavy helping of early winter in the midmidwest. standstill traffic with trucks flying off the road due to hidden ice. >> i saved it from hitting the guardrail. it would have been more damage than it is now. >> reporter: power knocked out throughout chicago. a nightmare in travel with more than a thousand flights out of chicago's o'hare airport cancelled. >> origin nallily said 8:20 a.m., then 8:20 p.m. >> hopefully get on at tampa and go to phoenix. >> i tried to fly through dallas. that was also completely booked. >> i want to get back home. >> reporter: the storm is now racing for new england where it is pected to bring winds, and even more headaches this week. matt bradley,

and in turning away from passenger cars, gm is following a road already paved by fiat/chrysler and ford. phillip? >> ann, thank you. >> a major development in the robert mueller investigation regarding former trump campaign chairman paul manafort. federal prosecutors now say manafort repeatedly lied to federal investigators, breaking his plea deal. in court documents filed monday evening, prosecutors said after signing the plea agreement, manafort committed federal crimes by lying to the bureau of investigation and the special counsel's office on a variety of subject matters which constitute breaches of the agreement. but manafort's lawyers are disputing the government's claim with a broken plea deal bringing potentially serious consequence. nbc's tracie potts has the very latest from washington. tracie, good morning. >> reporter: hi, marlie, good morning. serious consequence could mean ten years behind bars and half a million dollars in fines just for the two counts that he pleaded guilty to. those two counts that were involved in the plea deal. there are ten other counts that were not

sanctions on iran to begin and who are days archies fiats have and you're helpless out plus former pentagonofficial michael maloof joins us to look at the largest defense companies there's a new kid on the block and take a guess at which specific area of finance was not on a roller coaster ride this last week wait for it crypto currencies the coinage some pessimists perceive is just up pesky problem well how weird is it that kryptos were the adults in the markets in the last week will it last kristie i have counterpart axes back until give us her thoughts and later many nations are seeking to ingratiate themselves with india steve walberg joins us for the tale of how all the spawning and flattery is all about big money all that directly ahead let's rock n roll. we start with major news learned from general electric's third quarter earnings report g. he has disclosed a criminal investigation by the u.s. department of justice and the securities and exchange commission they've also reported to be low expectations including a twenty two billion dollar loss in the company's troubled power divisi

"customer safety is paramount at fiat chrysler u.s." >> there definitely should have been a recall. >atter of people who don't know this can happen to them. >> we wondered how many chryslers, dodges and jeeps have these headrests. the cole wouldn't tell us. tally, the lawyer, believes it's millions. we also asked the national highway traffic safety administration if it's investigated all those plants it complaints it's gotten but we did not receive a response. >> i'd never heard of this. >> those videos on youtube really opened our eyes. >> thank you, chris. if you have a headrest problem in your car, let us know. go to nbc bay area.com/responds. chris and his team want to hear from you. you can also call them at 1-888-996-tips. >>> let's bring in chief meteorologist jeff ranieri. i was just asking you this question when we were off camera. why the livermore valley? is it because there's no wind? why is that area being impacted so severely? >> it's a one-two effect. we're seeing the very light winds. it's very calm right now. is the first thing. and because it's like a valley, it's li

because some countries are accumulating golf and some countries are accumulating paper assets and fiat's money and interestingly there's an appears at the switzerland is siding with the money printers and the money money hoarders. and so they have set themselves up to be in conflict with countries like russia and china that are actively accumulating gold and the price of golf would suggest that the fat money crowd is winning this war because the price of all this gone nowhere as it were as we both now for the past five years suggest that the strategy of accumulating gault is failing and a strategy of cats out into the money printers and what's the swiss national bank as one of the top money printers in the world is winning egon we're now winning this war you got what's what's wrong well miss the kaiser this is a low res. way to go i mean we've heard restarting n.d.s. and yes the national banks will then western national banks will not win then we big loses the eastern countries will win because as you rightly said they are accumulating gold and they're buying all the gold that is produce

fiat took that mantle. he passed away.this void of leadership that is going to be difficult to overcome. there is not a clear answer to how they overcome this anti-trade rhetoric. shery: and while you have the s on them, thank you for that. sign up for the balance of power newsletter at bloomberg.com. get the latest on global politics in your inbox every day. and of course tune into "balance of power" tomorrow. we have an interview with the morgan stanley chairman and ceo. this is bloomberg. ♪ mark: this is first word news, -- haste house is still still not returned the press pass of jim acosta. despite a court ruling. wrote saying it's a violation of his constitutional rights as well as a rejection of the court's decision. his lawyers about the white house to issue a final decision by 3:00 p.m. today. israel has avoided early elections after a key polling partners said he would not withdraw his party. education minister said his giveline party would netanyahu another chance to address the security challenges facing israel

they're not completely getting out of building cars but we saw that announcement from fiat chrysler they this direction. then you heard the news that ford would start going in this direction. those moves are in the process of taking place and now gm has finally said look we have too much capacity out there. especially at plants that are building sedans and cars we can better utilize that capacity in the future for autonomous vehicles, electric vehicles but who knows if that will take off the way the company is expecting so thereafter fiat, chrysler and ford in terms of making this mov move. >> why aren't people buying cars anymore? >> utility there's better utility and more options when you look at crossovers and lower gas rices that plays a factor here as well when you have gas well under $3 a gallon, in some parts of the country close to $2 a gallon, people want more utility, more space. they like sitting up higher in a crossover utility vehicle and don't discount the transition we're seeing in the middle of america towards pickup trucks. especially mid-sized we are a country that enjo

his party in congress to the agencies of the executive branch but he cannot seem simply by executive fiat. i've never seen anything like that in my life. >> i would completely agree about dan coats and they haven't been taking sides but when called for, they very quietly made the point that needed to be made. after that statement he came out and i'm sure he thought about this could be it but he stood on principle and that's why there is a double burden on the leaders of these institutions. as i characterize it between standing up for what's right and violating the norms. >> i want to second the motion and say thank you very much for being here. you guys are the best. [applause] what do you do about saudi arabia in light of current events? [laughter] >> this obviously isn't company policy. i think we should have been much more in response to that. cutting off diplomatic relations and really convey the message that the behavior is completely unacceptable. it is a term in the diplomatic world. >> we didn't do that. it's a very elastic at the dingy gerry standard that conveniently applies. >>

u.s., who is the most 5 out of 10 most american-made cars are made by foreign companies, honda, and fiat chrysler. so, you know, a complicated mess these days, it so inter twined there is no easy answer. >> a question, i have the president got through the usmca is there a sense of relief from auto executives about getting that done, getting supply chain in canada and mexico for car parts? reporter: that was their big fear, scott keogh, who now runs vw said it was huge, most of u.s. automakers have operation in canada and mexico, that is a bigger deal than anything else, money that gm makes in china, they do a fairly large volume, but a lot are low margin vehicles, canada and mexico piece of huge, scott keogh said, now that resolved that goes a long way to giving us more stability, that is what the automakers want is stability, what do we have to do in terms of mps, and plans for the future, you can't just, say i'm going to make a car, and then in a month have it done. this is a long range business, they need stability. david: jeff flock terrific stuff. >> just weeks ahead of a spending d

fiat in norway has adopted a measure not selling or producing gasoline-powered vehicles after 2020. the problem with those is it takes good government action and it's easier to do ironically in a dictatorship than non-dictatorship so it's harder to get the government to take constructive actions in our circumstance so working more on the companies to behave better is a better hope than the governmental piece though we should as spire to that but the -- aspire to that but the technological changes going on and there's predictions all the owe sales have peaked because millennials don't buy cars. if you can rent and not buy the car it's a better use of resources. there's thing going on that are constructive that we can take advantage of from an investment perspective that don't carry the negative consequences. >> what about our other consultants? >> having a holistic approach stands out in the combination of good analytics an action. there's a depth of analysis and i think andrew hit the ground running is an understatement. the deep analysis from investment perspective and looking at t

customer is paramount at fiat-chrysler u.s. >> it's a mat protect other people who don't know this can happen to them. >> we asked the national highway traffic safety association if it investigated the complaints, but we did not receive a response. we'll keep on them. >> do we have any idea how many of these headrests are out there? >> the lawyer thinks it's millions, but we really don't know. >> okay. >> that's a big number. >>> let us know if you have had a headrest problem of your own. you can call chris at 1-888-996-tips. >>> well, up next, should there be another trans bay rail crossing for b.a.r.t.? the talk's happening now, and when we might be able to see become a reality. it all about tr . >>> a warning tonight from san jose state university. it's all about those popular scooters. campus police say four to six juveniles attacked and robbed a student yesterday. they took the victim's cell phone before taking off on electricity scooters. two of the suspects were arrested but officers are still looking for the other suspect. the victim by the way did not suffer any serious injuri

there's 50 fiat 500's available as part of the initial roll out.the lime pod will cost $one to unlock the car. 40 cents per minute to use it. they plan to bring the shareable cars to california early next year. >>> it could be a record setting travel season at america's airports. san francisco international says the travel season will begin this friday. more than 169,000 passengers are expected to arrive and take off at sfo. >>> security screening lanes will be unveiled at san francisco international lawsuiter today. to use this n system. sfo will be the first bay area airport to have the advance screening lanes. airport managers say it will improve efficiency and provide better security. the new lanes are operating in time for holiday travel but they didn't give an exact date when they first will be used. >>> several people are arrested in multiple different incidents here in butte county all related to the camp fire. we'll tell you what they're accused of doing. >>> the woolsy fire in ventura county keeps burning out of control. we're watching th

and then with the president changing my executive fiat, the processes for asylum here in the united states hit with a court challenge very quickly, and we'll see if the president indeed has that authority. >> one thing that is a national security crisis is gun violence in america. the number of mass shootings has increased and the number, if i can just pull up for everybody. this is, i believe, since 2007. you can see these mass shootings that are ten people or above as we have seen again yesterday and, i mean, the numbers are so hideous general, the pulse nightclub 49 people killed. virginia tech, sandy hook. all of these have been sered into our national consciousness. in the past year alone, i believe, there have been four or five. so president trump has not made us safer in terms of these mass shootings. what is the solution? >> well, it's a long term solution. let me just say i am a strong supporter of the second amendment. i believe that, as a country, we are badly overarmed. i don't think those are inconsistent statements at all. when events like this happen, we have folks pointing

fiat/chrysler said the same. i guess he's trying to get general motors' attention.orks and we get another product. >> you mentioned when he said "don't move," we have that sound from his rally in 2017. guys, roll it. >> i rode through your beautiful roads coming up from the airport, and i was looking at some of those big, once-incredible, job producing factories and my wife, melania said "what happened?" i said those jobs have left ohio. they're all coming back. they're all coming back. coming back. don't move. don't sell your house. >> mayor hill, what about this president's trade war? how much is that a factor not only with gm but the american auto industry on a whole? how much are you hearing it's really hurting it? >> i really can't say how much it is hurting it. i know he's talked about tariffs, but i do feel right now the big thing is we have a fabulous product here, but we have no market. with low gas prices, with people trending toward pickups, suvs and crossovers, we can't hold guns to people's heads and say, hey, you have to buy our product. everybody is m

the divided congress, we will see more of this sort of proclamation, more of this attempt to rule by fiat on this front? >> i believe so. and what's ironic about that is that republicans lashed out at former president obama for doing basically the same thing. obama felt he couldn't get things through congress, so he started doing things by executive order. now you have president trump basically doing the same thing and threatening to do it on other issues even birthright citizenship, which people say is unconstitutional. but he does seem to be making this bet that he will be able to take it to the supreme court and with justice brett kavanaugh now and justice gorsich that he'll be able to get things through. whether that happens or not, remains to be seen. >> we have more to discuss. >>> irony hitting home for the first family. ivanka trump used her personal e-mail account for government business. that of course draws embarrassed comparisons for this administration. >> right. hillary clinton, you remember the president tweeting more than 60 times about her private e-mails, lock her up cha

fiat chrysler will spend $5.7 billion to revamp factories in italy.e in demand suvs and electric cars. fiat chrysler has struggled for years to run at full capacity. that is the bloomberg is this flash. tom: thank you so much. with jean-claude trichet, central banking in a bit. but now, i imagine two chinese ships showing the flight between key west in cuba? how about the taiwan strait, only 81 miles, and for the third time this year, two ships have gone through. joining us now is our guest, and of course jean-claude trichet continues with us. what is the tension you just observed in your trip to singapore and hong kong, that trump tension that you see? >> we are seeing more concern about the leadership of china than the leadership of the united states. tom: discuss it. it is important. francine: it is important. >> it is important. the perspective in the u.s. and asia is entirely different. the majority, not all, of course , but the majority of people i talked to, corporate feeders, government people, investment of them over half support with the pre

the house is the na majority fiat, basically. they can do whatever he wants by himself. would have a real breakdown on that committee. not just on the russia probe issues. judiciary reaches far and wide. they hit on some very important basic constitutional functioning of the country type of issues. and that would be completely snowed over. >> it's fascinating to watch this play out as the republicans become the minority. it is the freedom caucus types the jim jordan stooips types, that convince john boehner, i'm out of here. now kevin mccarthy has that job, but in the minority. he has less fruit if you will to hand out. less ways -- less prizes to hand out. i will read this from jim garty, the national review, if being in the majority leads to more bomb throwing than being speaker of the house, jordan might be ideal for the house. if the house freedom caucus thinks they can do a better job, maybe it's time to put up or shut up. but kevin mccarthy wants this job. now he has to deal with this. >> yeah. he s. i think the president is probably going to get what he wants. par

beat up the agencies of the executive branch that he cannot seem to bring to heal simply by executive fiat. i've never seen any like that in my life. >> speaking of the fragility of our institutions, i agree with mike about dan coats and chris wray, the director of the fbi. for,the occasion called they quietly and i think effectively made the points that need to be made. i think it was a very courageous thing that dan coats did after helsinki. in his statement. i am sure he thought that this could be it but he stood on the principle. think there is i a heavy and double burden on the leaders of these institutions. mikeread the fine line as characterizes it between standing up for what is right and not violating the norms. >> i went to second the motion of thanking you for being here. you guys are the best of america. [applause] my question is what do you do about saudi arabia in light of current events? [laughter] >> this is not company policy and mike might disagree but i think we should have been much response.art in our cutting off diplomatic relations. and conveying the message that tha

we ended up essentially subsidizing fiats takeover of chrysler. >> harris: how could we have done thatifferently? not to have too much revisionist history and pretend we weren't seeing things fall apart but the president is saying, look at what this country has done. doesn't gm know? >> gm knows it very well and that's part of the problem, gm has been stuck on the edicts coming from the government, president obama pushing electric cars, she's saying she's going to close down some of the plants in ohio to open up other plants that make electric cars and some of those plants are in china. that is really infuriating president trump, the fact that gm may close down plants in ohio to open plants in china. we should mention of course, ohio was won by president trump in the 2016 election. it's unlikely or it would be very difficult for him to win reelection in 2020 without ohio so there's a lot of politicking going on, he's lying to the crowds in ohio but these are real workers who will be losing their jobs, about 1600 workers in one town alone there which has already lost -- >> harris: can i

if you will, that the white house got from this federal judge who said basically you can't rule by fiat. there is broad authority for the president when it comes to immigration, but you have things like the 1965 immigration and nationality act or the refugee act that allow for different rules for people seeking asylum than other undocumented immigrants. if you were in the white house, how would you respond? >> i would respond by pointing out a key point of the act that you mentioned, specifically, 212-f, which specifically states if the president at any time deems a class of aliens coming into the country as detrimental to the interests of the country, he can by proclamation suspend the entry of them into the country. ithey do have a law on their side. it's not a surprise we had some justices that took exception to certain legal components. >> can i just say, alice -- hold on one second. you think they have the letter of the law on their side, but the president has said out loud, he doesn't even know who's in the caravan. he said at times it's criminals, but he's also said i don't even

by presidential fiat?k the president challenged harley-davidson and got into it and was arguing and yelling at them and they're now building plants overseas. and then there was the famous case of going to indianapolis trying to save that company and we find out that the promise there is were not made. you don't get this done by just sort of bluster, this is hard work. i think the president probably knows that but you have to be careful with your rhetoric. one thing you don't want to do with people in that part of ohio or any part of the country is to make a promise you can't keep. false hope leads to big problems. it leads to damaged dreams. don't false hope. that doesn't mean we don't have hope. maybe there can be something that can be worked out with gm. maybe we can repurpose the plant. we will be in the process of helping employees look for other work but as i talked to the youngtown vindicator today, i said i won't promise you false things. i can't promise that this thing is all going to work out but

fiat chrysler is up 38%. bottom line they did not address this.o come out at this time, eric, i think political ramification it will hurt hem. the reason the stock is flat, people were offended and a lot of americans did not buy this product. >> they should be he oaf -- offended charles. this is pretty disgusting. had americans not stepped up in 2008. it would be dead. we saved this company. frankly they have got a very short memory. this could have been done a year ago. they could have worked with the administration. they could have thought through workers best interests but instead what they're doing is, i think very unfair. it is very disloyal to americans who saved this, this company when you have got a ceo who is making $22 million a year. when they could have planned this a long sometime ago. you're providing a platform. this is my biggest concern, you're providing a platform for further anti-capitalism, with socialists like cortez from new york who will use this as further evidence that you can't trust capitalism, you can't trust business.

of trump's current immigration push, as you noted earlier, which includes the idea of presidential fiatamend the constitution -- which, by the way, could be accepted by the cavanaugh court. now that is on the table. and if they accept that, that opens the door to a president knocking out in the other part he doesn'ttitution like. a the logical conclusion of this israeli-typeng up steppers, like they have on the gaza border, or they pick off civilians, even pick up people who are wearing press vests, pick up medical personnel, pick f and people just getting there protesting. if you look at fox news and their demand, the pressure for opening fire o on the border, tt is the logical next step if the republicans win. if the democrats are able to get at least one house, that will be some constraint on trump's political actions. amy: we were going to go to break and come back to this election. on the trump has been told not to come to arizona or nevada doubt the republicans. they're deeply concerned about what his message will mean, that it could think of them. allan nairn andnd award-winning

i can also put an engine into a fiat 500. i don't think that's an anomaly. doing, i didn't ask because i'm not very curious. we talked about ca rs not very curious. we talked about cars and football and thinks that boys talked about. this is beyond 100 days from the bbc. coming up for viewers on the bbc news channel and bbc world news — the deadline approaches for the recount in florida. we'll have the latest from miami. and it is a heavily guarded trial — mexican drug lord el chapo is in court in new york. that's still to come. after the showers of the last few days, prospects today have been drier and brighter and we'll stay with clear skies for the rest of the afternoon and into the evening. beautiful picture from the coast of hampshire. the satellite showing clearly where we are, between the weather fronts we saw yesterday and the next system waiting to moving tomorrow. this afternoon, mostly clear skies, a light breeze and smiled again —— mild again. to the west of us, by the time we get into this evening, the cloud will be thickening, the wind will str

why would you be up in arms about president obama doing things by executive fiat but the idea that president trump can do this by executive order is fine? >> because when president obama did it he was going directly contrary to federal statute at 8 usc 1225. he was ordering i.c.e. agents to let go into the country individuals that the federal statute said they had to place into removal proceedings. so you can't use executive power in a way that contravenes and is against federal statute. in contrast, what president trump is talking about doing is something that is not directly contrary to any federal statute. it would be an interpretation of a federal statute, but there's nothing in the federal code that directly refutes or contradicts such a regulation. >> wouldn't it be altering the 14th amendment? isn't that something -- i understand you can agree or disagree with what the meaning of the words of the 14th amendment are, but isn't it something that congress are the ones that have to change? it can't be done by executive order? >> and that is why i said it will undoubtedly go to court. when

that's a really powerful connection to the perception of vietnamese refugees as potential communist in fiat filtraters when they were one -- infiltrator when they were ones who were fleeing persecution at the hands of communists in asia. i continue here. because that dozens have been rendered on many, or who were cast out or fled, it is important for those of us who were refugees to remind the world of what our experiences mean. a vietnamese colleague of mine, jokingly referred to his journey from refugee to borge wa see. when i told him i too was a refugee, he stopped joking and said you don't look like one. he was right. we should be invisible even to one another. but it is precisely because i do not look like a refugee that i have to proclaim being one, even when those of us who were refugees would rather forget that there was a time when the world thought us to be less than human. i will close there. any questions about even the material i've talked about today? okay. thank you. i will see you all next week. discussing the sympathizer. and the bon tempo chapter. i wish you a wonderful w

beat up the agencies of the executive branch that he cannot seem to bring to heel simply by executive fiat. i've never seen anything like that in my life. >> speaking of the fragility of our institutions and i completely agree with mike about dan coates and another one i'd cite is chris rae, director of the cia. and they're not calling for fights, but they've effectively making points that need to be made. and i think that was courageous of dan coates after helsinki, i'm sure he thought this could be it, but he stood on a principle and that's why i think there is a really, a double burden, a heavy burden on the leaders of these institutions, particularly to thread that fine line as mike characterizes it between standing up for what's right and not violating the norms. >> we'll come down around here. >> i want to second the motion, that -- thank you very much for being here. you guys are the best of america. and my question is -- [applause] what do you do about saudi arabia in light of current events? >> time is nearly up. >> this obviously is isn't company policy, but i think we should hav

compare top execs at fiat and ford. checkout those stories online and the terminal.asingut. -- the board voted unanimously to remove him. stephen engle has been covering this story all week and joins us now from tokyo. there is a new story that indicates that perhaps carlos ghosn underreported his u.s. dollars.ion surmised heation had underreported by some $44 million. numbers keep on getting larger. has notadd that carlos been charged with a crime yet but he is still being held in detention in tokyo, waiting for what prosecutors are doing now which is building a case for a possible indictment. local media said he could be held in detention for at least another week. another report said it could be extended as long as december 10 before any indictment, and therefore any eligibility for bail. he is in a pickle right now on the legal front. as far as the board vote last night it was a surprise it went unanimously. we were contemplating whether people who came from renault, we knew the day before they had not sacked carlos, they had employed an interim ceo to take over.

a bill that will summaryial delist the gray wolf under the endangered species act by congressional fiat in direct controvention -- contradiction. in addition, in keeping with the sad track record of this republican-controlled congress, this is yet another closed rule, number 102 over the last two years, to be exact, that will prohibit consideration of any amendments. most egregious of all, however, this rule includes a totally nongermane provision that will deny debate of a separate resolution that will end u.s. participation in the saudi-led coalition's intervention in yemen's civil war. the separate resolution, the takano resolution, will be blocked from congressional consideration and debate by passage of this rule despite the humanitarian crisis and indiscriminant coalition air strikes that the u.s. has made with refueling, logistical support. this bipartisan resolution deserves debate and as a co-equal branch of government, congress should not be shirking its duty once again by allowing u.s. military forces to be used at the whim of the executive branch. sadly, this rule is another

, whether or not he made some type of a promise as you take a look at shares of general motors and fiathrysler go back to the middle of 2016. >> there was a little bit of a reassurance to get product line more in tune with what the market seems to want and not just sort of wait for the cycle to rollover entirely and go through another downturn before making some of these calls i understand why they would say this is based on good thing. it is unclear if it can carry beyond this point. basically you have to get reassurance that it is in decent shape. >> there could be political fight back as well which we'll have to wait and see let's discuss tesla. he said the company had been near death >> tesla faced a threat of death due to the model 3 production round. the company was bleeding money like crazy and just, if we will solve these problems we would die. it was extremely difficult to solve them >> how close did you come? >> within single digit weeks >> single digit weeks. i wanted to bring this up, how then can he look back at his attacks on the short sellers and members of the media that

gm down more than 2%, fiat chrysler just as much.ting hit less hard, down the better part of 1%. this is ongoing fears about tariffs adding the cost in china. china with the key issue, showing sales in china showed -- slowed for the fifth month in a row for october. the first annual decline in auto sales in almost 20 years. we can show you why this is so important to the likes of gm. , auto sales in china , 42%sent about -- 50% in china, of sales. ge.nd i am taking a look at the company cannot catch a break after reporting disappointing earnings last week. the stock is plunging again, down more than 10% at one point today. the catalyst of that, a downgrade from longtime ge bear j.p. morgan analyst steve jeter. he cut his price target to six dollars, six dollars per share for ge, well below or just below the recession era six dollars 66 -- $6.66. they cited widening liabilities resultsfourth-quarter across the board. his downgrade today. fromtock is down 70% its $30, but that is not even fundamentally reflect the flax ge, trading for

this is another one like ge -- david: or fiat-chrysler selling its robotics arm, daimler selling itsck. it will be a while. into thewill watch utx open. coming up, bloomberg markets with jon ferro. this is bloomberg. ♪ [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ jon: from new york city, i am jonathan ferro. the countdown to the open starts right now. coming up, raising the stakes ahead of g20, president trump signals he is ready to increase leverage on china. apple caught up in negative headlines. iphones could get hit with tariffs. are you blaming trade on

fiat chrysler surged the most in july on news it may sell its robotics.llion. a review of the operations is at an early stage and no final decision has been made. told it could attract interest from china. ramy: bitcoin extended its tumble, haiti, after -- haidi, putting this year's crash within striking distance of the cryptocurrencies worst their markets. cryptocurrency's worst bear market. $3000 seems to be within striking range. i mean, i remember we hit that record in december. this is in the gtv library. ,511 was hitthe 19 here and we have gone down, down, down. 80% is the loss we have seen from bitcoin. look at the relative strength. it is way in the green. if you wanted to follow technicals, you might want to follow this, but a lot of investors and analysts say we do not think there is an end in sight. haidi: it is always hard to talk about technicals and fundamentals when it comes to cryptos because of how new the asset class is. where is the floor? we have a story on the bloomberg saying we are seeing minors shutting down as well. the amount of