1071 through this magic act of swapping out our gold backed international settlement layer as all fiat's so they can take whatever because the. a uniquely have the asymmetric information of how much credit they're creating and how much wealth they're actually taking so we've had not a note a trace they not one night of sadness not an on yo trace they not a year of sadness but we've had it they kata or those they caught has or trace they got is which are decades of sadness because as an confiscate all my gold they can pick up and run away with it that's why because it's a period to gold on that level it's also as you point out the gold back settlement layer that used to be in place has been ripped out by the money could get the doors on the subtle banks you don't need a settlement layer because of because in the transaction is the settlement that's the genius of this hardest money ever invented or created ever in the history of humanity it's also highly divisible it's also fungible and it is a period to gold that's why people in these in this region a lot america if i have had this $500.0

so the joke is on them it took 500 years but the joke is on them the credit and fiat's doris are able to rule for a longer time because it's such so much more benign i mean cortez had exacting kill and take visibly people could see he was just taking your stuff the fact that it's so much more benign and that you can't really see that you think you're participating in a capitalist economy and it's up to you to compete with this next chart however shows that in fact they're starving you out so in cortez surrounds the city how do you isolate them how do you weaken montezuma well you prevent any food from entering you starve them out right use around. to a country or a region and you starve the people out well here in the credits that or system to see that they're choking out the credit system with this charts the decline in the velocity of money post g f c the global financial crisis has been remarkable 3 decades of a sideways trend 2 decades above trend and now a decade of utterly falling out of bed we had a brief post-crisis bump and a 27 $12800.00 tax cut then we left bomb but otherwi

borja: fÍate que la pregunta de muchos ahora es, el coronavirus podrÍa convertirse en pandemia? ♪ bueno, arranquemos por lo bÁsico. dicen que el coronavirus es un brote que tiene el potencial de propagarse por todo el mundo. pero quÉ diferencia existe entre una pandemia y una epidemia ? bueno, una epidemia solamente afecta una regiÓn definida. sin embargo, una pandemia es cuando tiene efectos globales. una hora el coronavirus es catalogado como una epidemia ya que la mayor parte del virus estÁ concentrado en china. la Última vez que el mundo vio una pandemia fue hace 11 aÑos cuandola gripe le quitÓ la vida a mÁs de 12.000 personas y enfermÓ a aquÍ en estados unidos 60 millones de personas. borja: salÓn nuevas imÁgenes que muestra la llegada de pacientes a los nuevos hospitales reciÉn construidos en la ciudad de wuhan. y por si fuera poco, el coronavirus y la gripe, ahora las autoridades estÁ monitoreando un brote de norovirus que se propaga por el sur de luisiana que enferma da 200 personas en estados unidos. carolina : el departamento de saluddice que podrÍa ser aun mayor. dice

brad clark, vice president of powertlan manufacturing for fiat-chrysler and uab region 2 director rich rankin are both with us tonight. and later this week, i look forward to going down to princeton for another special toyota announcement. congratulation, gentlemen, and thank you for choosing indiana. thank you. [ applause ] >> our strong economy didn't just happen. we did it the old-fashioned way, we earned it. throughout our time together, we've operated within an honestly balanced budget and protected our aaa credit rating. we set aside $2.3 billion in our state's savings account which is in stark contrast to our neighbors. others have notices, too. in 2019, we ranked first in the midwest and top five in the nation for business. number one for structure. top two in the nation for long-term fiscal stability. a recent editorial in "the chicago tribune" put it this way, they said what does indiana offer that illinois doesn't? lower taxes. more stable home values, balanced state budgets and funded pension systems. no wonder 36,000 people moved to our state last year, and indiana's welco

fiat chrysler is having to shutter a plant in serbia.n is that the stereo it puts in the veh icle is made in china. so they can't ship these things. are we going to see similar cases like this all across the auto sector? >> this is one of the big risks to the auto companies. a vehicle takes 2000 or 3000 parts, and if you are missing one, it doesn't get off the assembly line, doesn't get shipped to dealers, and they don't book revenue. all of the car companies i know are going through their supply chains, looking at risk, looking at what they could lose from parts shipped from china to any market. fiat chrysler is in serbia, but there are plans in the u.s. that can get parts from china and mexico as well. there is risk to auto plants all over the world. it just depends on how long this goes and whether or not they can find another source for these parts. i talked to general motors this morning. i just generically said they are looking at their supply chain to see if they can identify any potential shortages coming up, and if they can find

the number equal to the entire market cap of fiat chrysler. pulling back about 2% this morning.quadrupled since october. tesla's market cap has topped $160 billion that puts the company in rare air ahead of big names like nikki at $156 billion. in individunvidia and mcdonalds and citigroup. that market cap is roughly equal to the total market caps of these companies. $85 billion gain almost the same as morgan stanley, altrea, goldman sach and more. let's talk about what is happening with mark tepper i don't know what to say, mark do you buy tesla at this point >> i think tesla is the most dangerous stock in the s&p 500 i'm terrified to own it, to short it it has a mind of its own it seems like every time there is the slightest bit of good news, you've got a lot of shorting we prefer to invest in a good, solid, tradeable management team for tesla, it doesn't fit our strategy wish i had a crystal ball a couple of months ago and was getting outright now but it is dangerous right here >> tesla belongs in the s&p 500. you wonder when it is going to be included. i got to ask you this.

fiat chrysler has had to close a factory. 500an build a fiat beautifully, except that it doesn't havereo to put into the car. peter: exactly. you are struggling, but i think that most investors will, too. we don't really understand the full implications simply because it is a very complex situation with lots of moving parts. we don't know how those also together at the moment. there is a sense for the time being that we have enough to get us over the next week or two, but after that, things will start to bite. we also find those companies with a lot of exposure to the chinese and asian market in terms of their business model will find their earnings start to get hit as well. you had that already start to happen. there's plenty of bad news out there for the markets to digest. guy: another reason to stay in the united states? do european companies have more exposure? i assume they do. plenty of them have exposure to china, and there is the demand stock as well. is it only going to encourage more people to put money to work in the united states? paul: i looked at one analysis that actual

fiat chrysler suspending production that an assembly plant in serbia.his the first european body -- auto plant was seen affected by the virus. that continues reverberations across the auto space. fiat chrysler joining what we are seeing with their operations being affected as we have ford feeling the pain. it's looking to extend for production staff in china. this as it's trying to get its operations online february 24. so far the operations outside of china remain unaffected but a quick word on volkswagen feeling the pain there as it stays closed through this week. does not bold well for car sales given the output seeing another setback. >> what are you looking for in terms of how hong kong and china respond this weekend. it will be a long weekend in the u.s. so investors are keeping their eye on potential headlines and potential negative headlines. what are things you are keeping an ion there? >> we are expecting more measures from authorities in china. for example there's reports they may be less strict when enforcing a quota on property beated loans

fiat chrysler plans to halt operations at a plant in serbia due to a lack of parts from china.enault's interim ceo told bloomberg they may be forced to close additional plants. >>>> we had to close our plant in bussan, korea. damphere with insight is locations on the global economy, joining us from hong kong is sophie kamaruddin, and matt security at the munich conference with more on germany's stagnating economy. sophie, what is happening in china? we are increasingly seeing higher and higher numbers. we are also learning that beijing is now telling people returning home that they need to stay in their homes for 14 days. the chinese don't see any let up in this story. sophie: china will want to ramp up quarantine measures, and as you pointed out, we got the latest reports regarding cases on the mainland, and there were some inconsistencies in the data , which has sparked some confusion. the big jump we saw in hubei today,as a one-off, but china did lower the hubei reported cases by more than 1000, why also -- while also trimming the nationwide death told by more than 100, citi

guy: fiat chrysler having to shutter a plant in europe because it did not have stereos to go into a fiatas just one part of the process, which meant they cannot deliver. what is your assessment for how long this lasts? the market seems to be assuming it is a q1 phenomenon, it is a temporary phenomenon. as it ripples down through the supply chain, there is an effect that takes a long time to get through. ,hen once demand comes back does it come back in a big lump, does it trickle back, restarting production is quite difficult. john: i think so. manufacturers are working their way through their inventories. many are on short-term working. build largeannot machinery or even cars if you are missing too many parts. maybe you can manage without a stereo, but not without critical parts and the engines or the exhaust system. there is a lot at stake. there are small parts that go into cars and other machinery that are made in china and people are now discovering they have not got. i think this is a global phenomenon right now and it will take weeks to work through this, even if the virus situatio

dollars from a fiat currency distributor electronically.avid: if i am a college student watching this discussion and i'm getting ready for a bank of america interview, what should i do? dress appropriately, right? brian: demonstrate curiosity, that you really want to help people. ♪ david: i don't think the people watching the show are generally bank robbers, but for those bank robbers who might have tuned in, is it easy to go to a bank today with a gun and get cash out and escape? brian: it is harder than ever. david: because? brian: because it is not very fruitful. it doesn't happen often. it still happens. you catch the people. our teammates, once i went -- we have cameras that work all around the firm. the branches have them to record things. i went to see it. they were going to show me what a bank robbery up like and there was a live robbery at that time. there is nothing worse than seeing someone pull out a gun and point it at one of your teammates. we do everything we can to make ourselves less attractive to that activity. david: you

and goin is the opportunity to opt out of the fiat fiasco going on right now and, guy, you coined theg to keep talking about it. >> mark, it's karen. let me ask you something clearly that's god, the fiat currency crisis if we have one. >> yeah. >> but is that the main underinprocessing of bitcoin more than the digital currency at this point. >> really great question think about bitcoin itself food it's a store of value it's not designed to be a -- of an exchange traded token like a visa or master card substitute that's the lightning network companies like zap an investment we just made that takes care of the the second order payment level for speed. bitcoin is designed around most secure network in the world. most powerful computer network in the world it's a perfect store of value. if you follow the stock to flow model, you see that as the flow gets cut in half again here on the halving, the stock to flow ratio improves better than gold and becoming the digital form of gold, that pure store of value it's designed to be that -- that safe haven we use as a part of a diversified portfol

i've driven 94 different cars in the last two and a half years, so i've driven an original fiat 500.ite car to drive has definitely been an audi t.t. that was a lot of fun. it's pretty crazy that i can do this at 14. i firstjoined because my dad one day was like, come to this driving thing with me. the second i came, i loved it. i've driven ferrari an aston martin... what do your friends think about it? they don't believe me. they're just amazed. one of my friends came to see because she didn't believe me and her mum was in shock. she was like, you do everything you like, do the gears. and i was like, yeah. well, funny you should mention car parks target, too. time to put the pedal to the metal. lizzie, alice and i will all attempt the course in the same reasonably priced car overseen by car club graduate. we'll have to reverse into tight spaces, parallel park and slalom round hazards. the aim is to be the quickest, points will be deducted for hitting cones. first up, it's alice. she's really good. now it's lizzie‘s turn. i'm dressed in a jumpsuit made for someone much shorter than m

the worst frand fiat. mitsubishi and jeep at the bottom of that list. >>> uber is announcing a new feature. some of the issues riders can report include reckless driving or inappropriate conversation. the company says riders should still call 911 during an emergency. >>> time is now 4:47. the state of new mexico is suing google. new mexican officials say education services are collecting information on children. google uses the tool to track information including their physical location, passwords, websites, and videos they watch. google dismissed the claims as being wrong. >>> several bay area cities are now allowed to ban natural gas in new buildings. this comes after the state energy commission approved it. the use of natural gas in homes will reduce green house gas emissions. berkley, mountain view, and reamong the cities. the california restaurant association is suing berkley over the ban. they say it violates federal law and will hurt business. >>> california will now have to pay 50 million $50 milli

>>i don't fiat baby talk it's important to talk though mandy gaither has more in today's health minute. >>and they don't like it. how parents talk to end fence is strongly linked to how the child speech deveps according to an ongoing study recently published in the preedin of the national academy of sciences, the study showed that children whose parents were coached and guarantees a near universal speaking style distinguished by higher pitch slower tempo and exaggerated intonation showed significant gains in conversational turn taking and vocalizations between 1418 months, the coating meant educating the parent on benefits of speaking to their babies and being encouraged to gage the child and back and forth conversational type exchanges, one of the authors says children of those coached parents produce real words such as ball milk at almost twice the rate of children whose parents weren't coach to speak parent eads. a previous study on thsame group of baby show parents who are coached to use parent. he's had baes who battled more and had more words by 14 months than those who are not t

the automobile giants can now direct attention to its next challenge, merging witith fiat chrysler whichld make ththe carmaker thehe indndustry's fofourth-largegest. 2/5 ofof apple shareholders supported a m mease that would ask them to be more transparent about censorship demands from beijing. it i is the third time that shareholders have voted on this type of motion but support jumped from her -- from 10% to 40% in two years. the vote sends a clear message to apple that they must do better on human rights. continuesprahinfrey to be a big draw for ww, known as w weight watctchers, but hehr power comes at a cost. she has been on a tour under the ww banner and has helped - - hey, i'm valerie j junu. comingng up on reel south . - [randall] some lss are mplyly unjusus - - [valie] ] a rth cacalina church offerers sanctuar to a grandmother fangng deptatition. [r[randa] ththerare times when people ofai haveo o make chohoice. - alaleriebut t acon oveve silence does come at se co. - theyeyall it harbining a gititive, d i think that those semtitics are verympororta in ththis 's's notarbobori a fu

tesla is now worth more than general motors, ford, fiat and chrysler combined.er is the latest on company to tackle doctored and misleading content. under new rules taking effect next month, twitter will label material that has been manipulated and removed post that could cause harm. in a blog post the company says it may make errors along the way until it figures out what qualifies as problematic. earlier this week youtube said it plans to remove misleading election content. macy's is shuttering 125 of its least productive stores as it struggles in the age of online shopping. it is also cutting 2000 corporate jobs. the company did not announce how many workers at stores to be laid off, and macy's also said it will begin testing a new smaller store format this week called market by macy's. it will be freestanding locations and set up inside malls. that you're cbs money watch report. for more head to cbsmoneywatch.com. at the new york stock exchange, i'm diane king hall. >>> happening today we are honoring those who work hard to accurately forecast and report the

dollars from a fiat currency distributed electronically. that is going to happen.id: if i am a college student watching this discussion and i'm getting ready for a bank of america interview, what should i do? i should dress appropriately, right? brian: make sure you demonstrate curiosity and make sure that you demonstrate that you really want to help people. ♪ david: i don't think the people watching this show are generally bank robbers, but for those bank robbers that might have tuned in, is it easy to go to a bank today and put up a gun, and get some cash out and escape or is that harder than ever? brian: it is harder than ever. david: because? [laughter] brian: because it is not a very fruitful exercise. david: are people still doing that? brian: it doesn't happen often. it still happens. you catch the people. that's the deterrent. our teammates, once i went -- we have cameras that work all around the firm. and the branches record things. i went to go see it. they were going to show me what a bank robbery looked like and there actually was a robbery at that time

1971 through this magic act of swapping out our gold backed international settlement layer as all fiat's so they can take whatever because the. a uniquely have asymmetric information of how much credit they're creating and how much wealth they're actually taking so we've had not a note a trace they not one night of sadness not an audio trace they not a year of sadness but we've had it they caught or those they caught us or trace they got is which are decades of sadness.

and of spare parts and essential bits of food are not coming into china, leucine the auto industry, fiatorshipping stuff out of suitcases yesterday. we don't know, other areas, suitcases yesterday. we don't know, otherareas, burberry, otherfashion people, mcdonald's, starbucks, all having to close. nikkei, adidas, closing huge numbers of outlets. how much of a domino effect is that going to have? the two interesting pieces of economic indicators that have interested me because when i look at the stock markets, particularly in the united states and it is something now like record levels and up to scratch the back of your head saying, good heavens. because there is a chance that global growth could drop but the two indicators that are interesting are gold. that is at 1627 dollars an ounce, the highest in seven years. when you look at the stock market, it is like, what is the problem. but people are seriously concerned that if we get serious parts of the world closing down economic activity than you get that domino effect of folding over. what i think the finance minister could ask for is p

and the most ever announced in a single year in the history of the medc. [ applause ] our deal with fiat chrysler is one of the nation's largest automotive deals of the last decade. adding over 6,000 jobs and generating $4.5 billion of in investment. and first time in 30 years opening of a new assembly plant in detroit. [ applause ] our deal with ford motor company will create 3,000 jobs, producing the first ever fully electric f-150 securing michigan's poll position in mobility and innovation. and just this week we worked with general motors to announce more than $2.2 billion investment in their detroit facility. [ applause ] i know you remember a year ago that that plant was on the closure list and now we are adding more than 2,000 new jobs for michiganers [ applause ] we are growing jobs outside of the auto industry. my administration is continuing to work with the canada administration on working on the bridge that will create thousands of jobs and spur economic growth in our state for years to come. the canadian council general is here with us tonight. please join me in applauding o

offset weak demand the result gives a boost to the group as it pushes ahead with a planned merger with fiat chrysler. the carmaker says it will pay a bonus of four thousand one hundred euros season please it represents two and a half months salary for those working on minimum wage. is the company's ceo collison virus speaking idea. but does also teaches we are sharing this wealth with our employees since over the last six years we have multiplied by a factor of five the amount of performance and incentive bonuses paid to them. i see a new collaborative. now the surprise management re shuffle in the magic kinom. bob i go has stepped down as chief executive of disney after fifteen years in the role to be replaced by another disney veten above topic. i go remains in the company as executive chairman ariel conky takes a look. you're an icon after delaying his retirement form times. walt disney's bob eiger finally relinquishes the keys to the magic kingdom. i gern was expected to retire in twenty twenty one said his decision to step down early would allow him to focus on the in thinking about wh

the holding company for fiat chrysler and for ra.e parent of mercedes-benz will announce reportedly as many as 15,000 job cuts, according to a german newspaper. i'm already saying it would eliminate 10,000 jobs -- daimler already saying it would eliminate 10,000 jobs. and oil hovering around $50 a barrel, and it is now looking less likely that opec and its allies will cut production in response to the coronavirus outbreak. russia has been resisting saudi arabian efforts to reduce out but the virus is negatively impacting the chinese economy. china is the world's biggest oil importer. that is your bloomberg business flash. francine? tom? tom: let me do a data check right now. it is all very subtle. you need to know oem currencies weaker, oil set nicely below $50 a barrel. it has been there 1, 2, 3 times in the last few days, but nevertheless kyra his -- nevertheless, there is a whole way to the tape, not seen in equities. francine: investors are trying to gauge the economic hit from coronavirus. the market is in a weight and see mode.

thi -- chrysler to fiat.hen he wants to rewrite history and say the good days today are to his benefit. trump turned it around. 10 out of 10 americans know they are better off today. judge jeanine: bernie sanders is the lead contender for the democrat nomination. how do you think that will affect all these people who are better off because of donald trump primarily because of the economy and the solid footing they have. >> the 54% in nevada who just voted for him, that's his base socialist democrats. they believe if they take from someone and redistribute it, somehow everybody will be wealthy. the other half of what used to be the democratic party is coming in droves to president trump. that's why his reelection will be about increasing the number of people who used to be democrats. and they don't want socialistic policies to take away their children's ability to live a better life through hard work. darrell issa, thanks so many for being with us. will bernie sail on the socialissocialist express on toe nomin

is the holding company for fiat chrysler. now to parent company of mercedes-benz.ll announce as many as 50,000 job cuts, according to the german newspaper. they are saying it would eliminate 10,000 jobs. the automaker wants to reduce the amount it spends on projects outside its core business. we end with oil that is hovering around $50 a barrel and is looking less like he opec and its allies will cut production, in response to the coronavirus outbreak. output on theking virus is negatively impacting the chinese economy. china is the world. largest oil importer. that is your bloomberg business flash. alix: staying with commodities. one industry getting hurt by the coronavirus is shipping. the demand in china is collapsing. now earning 93% less for suppliers. hitseven chinese provinces the hardest make up 40% of the country's gdp. a huge center for auto making, producing 70%, and using copper. this could be an increase in inventory outside of china. recovers,he economy you have to import new things. that is when it gets murky. the coronavirus spread is front and cent

they are in the process of disembarking if they test negative general motors, fiat and toyota are reopening factories or restarting production in china following factory shutdowns. going to eunice yoon overnight, the bank of shanghai has announced a number of actions to help companies with the coronavirus. >> the chinese government has been directing local officials to assist any company struggling with this crisis the china units of unilever and 3m have apparently qualified for slow interest rate loans they have ban circulating lists some with up to 200 names on them companies can put themselves or nominate themselves. it looks as though the priority is to get companies that produce medical supplies and basic necessities. all of this comes as the chinese government continues to clamp down and try to rule out the spread hubei is trying to sweep for purchases of fever and cough medicine anyone caught selling to buyers need to make sure that they identify who those buyers are or they could get punished. >> it seems like they are trying to keep tabs on this eunice, we are following development

on a microeconomic level, we've got companies such as fiat chrysler halting production in one of its plants in serbia. they can't get enough parts out of china. if you want to buy a barbie doll in the future, mattel delaying production, saying that point production is falling. i'm going to leave you with a little bit of optimism. the chinese state biotech seeing says it has been dramatic improvements. back to you in london. alix: thank you. now we want to head to germany. gdp flatlined for the fourth quarter, which may leave the country vulnerable to trade uncertainty from the coronavirus threat. you can read this as a glass half-full or glass half-empty. reporter: you can, and you also need to make an important differentiation that u.s. viewers might find interesting. the german look at the headline number is quarter over quarter gdp. in the u.s., we would look at year-over-year figures at the headline number. in that case, there was growth in the german economy, 0.3%. quarter over quarter, it is an absolute zero. a lot of factors leading to that. one of them is less government spen

sophie: the fiat chrysler decision to halt at a serbian plant, that due to the shortage of parts from china. that is another example of the knock on effect of the global supply chain. that follows on the likes of renaud and g.m. operations being affected. we are seeing a slow restart of operations. power demand not picking up as was hoped for after the government called on companies to quicken the pace of reopening at their plant. we do have that in focus. david: really appreciate all of your reporting from hong kong. that is sophie kamaruddin, our colleague in hong kong. now we turn to michael mckee in sarasota, florida. we got retail sales numbers and consumer confidence. they are mainly positive but some mixed results. michael: definitely mixed results. years ago alan greenspan was asked about this and he said we watch what consumers do and not what they say. if that is still the case, there is reason for concern. the retail sales numbers for january were a disappointment. the headline number up .3%, but the december now more -- but the december number was revised down by point 2/1

fiat chrysler's profit growth in america was things to pick up trucks.drop in shipments to asia. all of this highlights the italian automaker's problems as it prepares to merge. that is your business flash update. its goldman sachs took up tech division last year by bringing in outside executive to replace long-term veterans. now it is happening again kind of as the three top leaders have informed the firm in the past week that they are leaving. here with more is bloomberg's sonali basik. why are all these tech leaders -- for years, people talked about their advantage, but why are they leaving the firm? sonali: is a new era at goldman sachs. some great reporting by my colleague who has been on the tail of these executives coming in and out of this bank. came in, so many people just two years ago as a partner at a very high level here. it is not that this part of the business is not important to the business right now. that is the whole unique part of the story. these are people leaving at a very important part of change at goldman sachs. scarlet: if that

this is a why you can crack down using money, but you can't do it by fiat out of the executive branchwith you. at the same time, i don't think they ever had 60 votes. i am with you. there are some republicans who did not support this president. i think they see the success this president is having, a 75% decline in border crossings since may verity knows what he is doing. i think you would have more support now from those same people. >> dagen: good to see you. tom homan. we are little more than two hours away from the restart of the daytona 500. this after president trump made a big splash during his appearance. he hit the track, the presidential memo. the 2020 impact. the white house pushing back, bill barr to resign over fallout from the roger stone case. former u.s. attorney andrew mccarthy weighs in. physica as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu. they get that no two people

the fiat monetary system is pretty much what we have around the world. it works well, as long as it's well managed by the central bank. there's no need to have the inefficiency of tying things to a metallic standard or any other real asset, if needed. mr. crapo: thank you. senator brown? mr. brown: thank you, mr. chairman. i want to talk about fed independence in a slightly different way from the chairman. i appreciate his questions. mr. waller, i'll start with you. do you think that chairman powell's done a good job making independent decisions regardless of what the president tweets at him? dr. waller: i think chairman powell has been very professional in his job. in building a consensus on the committee. mr. brown: i'll ask you the same question, ms. shelton. do you think the chair powell has done a good job making independent decisions regardless of what the president tweets at him? dr. shelton: thank you, ranking member brown. i think chair powell and every member of the federal open market committee is sufficiently self-possessed to rely on their o

fiat chrysler ebit coming bang in line with estimates, 2.1 2 billion euros. had been looking for. they do see an increased ability uppede earnings, so they their guidance on that end. different story when it comes to gm and ford.

we welcome an expert in the .lobal supply chain, sig huber earlier, he was the global director at fiatler. good to have you here. let's talk about what we know going on in the auto industry in china. where this isrea was actually important to the auto manufacturers. sig: a very important part of the country for production of automotive components. a lot of the parts that go into tierehicles that may be a 2, 3, 4 level could be coming from this region. david: we have seen a number of sales of autos in china was falling. it was not robust before. they had been struggling for about a year with auto sales. what is the likelihood of a supply chain problem, that even when it comes back up, they will not have parts? sig: we are already seeing a problem. those producing vehicles in the aipac region are already suffering shortages of supply. automakers in europe, latin america, north america are enjoying a little bit of a buffer right now because they have parts traveling by ocean, so they have some safety stock by way of the transportation network. david: give us a sense of the timeline. we ju

the company is now worth more than general motors, ford and fiat combined. it's rocketed to nearly $900 a share. that's up more than 35% in just the past two days. the spectacular run-up in stock has been attributed in part to a squeeze in short sellers and calls from analysts. >>> lawmakers will soon consider reforming bay area transit. >> confusing and chaotic for writers. they will take the first major steps to create a seamless transit system. there are three components it will create an integrated world- class public transit system. the bill would create standard fares for buses trains and more creating a standardized regional map for those with the information here. a task force would also be formed working around larger reform here. infrastructure designs. >>> why this video has wildlife researchers here. >> the complete bay area forecast is here. and we show if there any changes in store coming up. the number of uninsured americans, rising. the cost of prescription drugs, rising. the threat to people with pre-existing conditions, rising. the good new