he's at fiat chrysler lab in detroit.ing to show you what they do to get jeeps ready for the snow and cold. >>> hillary clinton compared to watergate tapes. james rosen has a life report next on "countdown." the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. . cheryl: well, 28 minutes to go until the closing bell rings. taking a look at your markets. down for the session, but not by a lot on this tuesday. trading is light on this summer day. a lot of the junior traders are on the desk and the older traders are out vacationing somewhere. there are the markets right now. housing market data heating up. the u.s. department of housing and urban develop

fiat chrysler has had an incredible growth rate story.onths in row, everything a month, sergio marchionne has provided row for fiat chrysler investors as far as sales. literally every single month for five years. will happen this august, labor day will be counted as part of september rather than part of august. because of this little calendar quirk, he might lose his perfect track record. some analysts are looking for a drop of 1.2% in sales growth this august. bummer as far as a little calendar change for fiat chrysler sales. everyone will feel the same issue, all automakers, but it is just kind of the end of a winning streak for fiat chrysler if they do not manage to pull a rabbit out of a hat. oil stocks obviously getting crushed as the underlying commodity falls in value, even with the rebound, we're looking at 44 dollars per barrel. phillips 66 getting a huge boost today from warren buffett here bestnote, and buying his as far as berkshire hathaway is concerned. people are still driving a lot and gas prices are still cheaper. that to

. >> fiat chrysler has patched the vulnerability in the jeep just one week before his article went to press in wired magazine. even though they alerted the company of the bug nine months before. >> security website that they posted with a press release on their website. what they did to fix this incredibly dangerous problem that could endanger people's lives. >> days later, chrysler issued a recall for 1.4 million vehicles. >> i don't know how quickly they moved, i suppose really slowly. >> fiat chrysler said in a statement, similar to a smartphone or tablet, vehicle software can require upstairs. for improved security protection to reduce the potential risk of unauthorized and unlawful access to vehicle systems. and that's part of the problem. as technology advances, cars are becoming slick computers. that are connected to each other. and outside networks. but without the sophisticated computer security that comes with things like our iphones and tablets. >> as we look into the future of how cars are designed there are more and more computers that are being placed into the network of

they will this year with the other 80% to the shareholders which also should help fiat chrysler's shareoys holdsferrari the other 10%. pimm: as far as the future of ferrari, they want to ramp up production? matt: they wanted to do it to maintain exclusivity. they want to sell more of those. i will miss you. i will be here. stay here for more "bloomberg market day." ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. ♪ matt: welcome back. we want to get a look at some of the top stories making headlines at this hour. amazon is cutting back on the development of smart phones and other consumer devices. amazon has dismissed dozens of engineers who worked on the amazon fire phone. it is also stopped or scaled-back work on other projects such as a large screen tablet. tiffany is getting hurt by this younger dollar. the jewelry chain posted a second-quarter profit that missed analyst estimates. the strong dollar has lowered the value of tiffany sa

of fiat chrysler and chairman of ferrari. 's notorious for working around the clock, never sleeps. doesn't he already have too many jobs? >> the guy's a bit busy. he's now c.e.o. for chrysler. he's already chairman of ferrari. chairman of the truck business which was spunoff from 2011. chairman of the swiss company s.g.s. and also independent director of philip morris. he has a lot of job. essentially he took charge of . rrari one year ago he already has ferrari was one of his main job. people tell us from he's deeply involved in the development of the future of ferrari. it looks like he really care about ferrari and that's why probably he will get the job when the actual c.e.o. will retire probably in the coming months. olivia: one final question for the americans in our global audience. when are we going to get a ferrari s.u.v.? i know that's zachery lidge for many italians? >> never. never. that's what marchianno used to say. it will never be an s.u.v. you can buy a four door ferrari, which is a sort of see dan. and this is

this is home to fiat chrysler, and this is a ram 1500 pickup. they call the snow lab where they test all of the jeeps, the trucks and all of the other chrysler and fiat vehicles. and what they can do is they can get the temperature down to -40 in here, which they had earlier. they can also get wined speed up to 10 -- wind speed up to 100 miles an hour to make sure the vehicles continue to function properly. and this was the design -- i'm going to stand right in the middle, if i can, of this wind chill. take a look at this! this is a machine that -- i walked too far over. there we go. this is the machine that generates it -- [laughter] hold on. blue the microphone right out of my hand. trish: careful! >> reporter: you can't stand there very long, something's going to fall off! trish: that's some pretty serious weather you're facing. >> reporter: yeah! that's a pretty good blow. [laughter] kind of fun though. trish: i don't want you getting hurt on my watch, jeff flock. thank you so much. [laughter] try and get warm. i don't envy you. >>> coming u

expect more recalls because of the penalty from the government on fiat chrysler about the slow recalls repair vehicles. you will see lot more of them coming. severe weather same in in the midwestern and may be heading our way. let's go to fox meteorologist maria molina who has the details. reporter: good morning, dagan. a lot of severe weather across parts of the midwest and great lakes region great lakes region over the weekend storm system is on the move and forecast potential for severe storms from new england to the ohio river valley and further west into parts of the plant. that looking at the risk or large hail and even the threat for isolated tornadoes. more forecast along the east coast and parts of the planes. otherwise parts of central florida the big story the last couple days has been the ongoing flooding threat across the central parts of the state and the forecast is for more rain in the area. currently temperatures on the warm side early this morning across texas and forecast to get hotter temperatures with the troubled digits this afternoon. dagen: maria molina, meteoro

auto sales do out this morning main street wall street keeping eye on the big four, gm, fiat chryslerrecovery but fiat chrysler is making headlines, we are calling it the jeep effect fox business jeff flock in illinois with more, looks like you are standing in front of a je dealership. >> beautiful day not only jeep but entire industry you are right all about that jeep take a look at predictions out there, going to be good for everybody, sunny day for everybody today we think. according to kelly book true car, fiat chrysler jeep brand up between 3 and 4%, ford expected to be up as much as almost 4%, gm might be a lagard nissan a big month expected as we said, all about the jeep, according to kelly's blue book analyst jeep should extend sales gain streak to 6 consecutive months, on jeep. >> you are looking at a jeep cherokee but the cherokee and the grand cherokee, take a look at cherokee sales alone have to up incredibly this year, really is driving the brand, up 44% in january, 19% february, every month another big one, this is the cherokee right here, people seem to like it despite

fiat chrysler is not the only auto maker to be find. in may mitt sea fined general motors $35 million for failing to report defects leading to recalls. in 2010 and 2012, the agency levelied two multi-million fines aobtains toyota 64 million vehicles were recall that's a record in more than double the record set over 10 years ago. some want to go further in order to make sure automakers follow through. making sure that the issue does not remain on the road. >> this is part of a group of lawmakers calling for more legislation of car recalls. >> the prop is that n.h.t.s.a., a federal agency it doesn't have a lot of power to implement recalls. one of the parts of the legislation is to say that if there's an imminent hazard to people, they would have the right to do a recall right away. >> reporter: they explain how the recall separates now. >> as soon as or quickly after the automaker nose it has a safety problem, it's obligated by law to inform nitsa and initiate a recall. once it does that it will be obligated to send notices outs in the

take a look at overall, they really boosted fiat chrysler's numbers.ise i think this month up over 6 president. a lot of people thought they wouldn't be up by much of anything, ford almost 5% and toyota pretty flat for the month. the other thing, of course, in addition to jeeps is trucks. that's the ram truck right there. their sales, we can put those numbers up, kind of flat for the month. silverado, hi, ho, silver, i just asked some young person if they knew what it was, never heard of the lone ranger, but silverado up 33%. cheap gas, we love it. liz: first jeep i got was in 1989 in columbus, ohio. it only had one side mirror. >> that's where they made it, too, right there in ohio. liz: jeff, thank you. we've been following the jeep story very closely. a year now, just killing it. closing bell, nine minutes away. it's called black gold, but is there anyone in the lone star state who's looking elsewhere to make money? we've got one texas money guru who not only is willing to admit it, she called it back in january, said get out of oil. what is she say

thanks to friends at fiat chrysler for this extraordinary live act sercs fir time ever live reports fromis is what it feels like to be in minus 55 windchill. i'm growing to try to turn into it for just a second. oh, my god. that subpoena incredible. it is incredible in these vehicles. i have to get out of this. david: the horror. the horror. >> that these vehicles are able to make it through this. i'll tell you. if they can make it through this, they can really -- >> jeff, can you hear us? is it worth being outside of streets of chicago in the winter? i heard from my dad how brutal that is. what do you think of it there? >> i think it is worse. this is concentrated, intense, in regular blizzard you wouldn't have this kind of intensity at all times. this is just non-stop. it is unrelenting. and -- david: jeff, how long do they keep the blower, keep the blower going there? how long does a vehicle like this endure? >> not as long as jeff. >> today they kept it going longer than they normally do for us because we've done this all day like a bunch idiots. and it, it is really testing their sy

as a result, fiat, chrysler issued a recall of $1.4 million to fix the vulnerability -- the vehicle rather for the vulnerability. the two men will work out of uber wase re-- uber's research and self-driving car. the facility is where uber develops security software. >>> transportation authorities have approved the first ever air paper drone. the power up 3.0 is a light weight flying device used with a smartphone. they gave approval for the owner to use it for photography and data collection. the decision won't allow all paper airplane drones to fly commercially. just this one. >> it is an interesting contraption. it is not quite as hot. >> it is a cool down. sandhya patel is here with the latest. >> not only a cool down, but perhaps a few drops tomorrow morning when you wake up to your saturday. you might notice slick streets. live doppler 7hd is showing the cloud cover. green up to the north and there is moisture in the clouds. we are waiting for the rain. and right now yellows are showing up along with greens off the northern california coast. light to moderate rain in that direction. th

. >> pam: fiat chrysler has recalled another one of their vehicles.ge slam the doors shut. >> pam: nearly three- hundred-thousand chargers from 20-11 to 20-14 may deploy side airbags due to the impact. fiat chrysler believes three people were injured because of the malfunction. >> pam: no crashes have been reported. >> pam: the automaker says the problem is rare.but owners should use caution until >> pam: parts of the country have been hit with stormy everything from high winds to flooding. >> pam: this was the scene in providence rhode island this morning. where lots of trees are down. catherine heenan is here with more on some of the hardest hit areas.catherine? psst >> catherine: one of the trouble spots -- new hampshire. where monday night winds at a circus in the town of lancaster. >> catherine: the fairgrounds was packed with people when howling miles an hour. people under the circus tent began to get up and leave -- but too late. >> catherine: the tent collapsed -- and we killed were a father and daughter. the fire marshall had an update today.

fiat chrysler is recalling more than 322,000 chargers. the problem s the side air bags can inflate if the doors are slammed too hard. the recall covers models from 2011 through 2014. owners will be notified to bring their cars in for repair. the company says it knows of three minor injuries because of the problem. >>> the funeral was held today for bobbi kristina brown and word is, it was very tense. the service was held near a church at atlanta. the 22-year-old daughter of whitney houston and bobby brown died last week. she was found face down six months ago. an initial autopsy found no obvious cause of death or significant injury. a long standing risk between the houston and brown family boiled over the service. the sister of bobby brown, angry that houston's former manager spoke at the funeral. >> and still to come, banking on pot, why state regulators want banks to start doing business with marijuana dealers. >> and that other high, the one over the four corners is starting to retreat. we look live towards san for the 5 million americ

ford and fiat chrysler automobiles also turned in higher numbers. japanese makers saw gains. toyota sales edged up 0.6%. honda and nissan both logged increases of more than 7.5%. analysts believe sales for the year could top 17 million vehicles for the first time in 14 years, if the trend holds. >>> mitsubishi aircraft corporation has opened an engineering center in the u.s. city of seattle. the company is building the mitsubishi regional jet, or mrj. it's japan's first new passenger plane in half a century. the governor of washington state and industry people attended an opening ceremony. seattle is home to boeing one of the largest aircraft builders in the world. the mrj's maiden flight is scheduled for autumn this year in japan. mitsubishi is planning to hold expanded test flights in the united states. researchers at the center will analyze data and complete safety certification procedures. company officials want the mrj to be a major player in the growing market for regional jets. demand for 78 to 90-seater planes is expected to exceed 5,000 worldwide in the next 20 years

as a result, fiat, chrysler issued a recall of $1.4 million to fix the vulnerability -- the vehicle ratherhe vulnerability. the two men will work out of uber wase re-- uber's research and self-driving car. the facility is where uber develops security software. >>> transportation authorities have approved the first ever air paper drone. the power up 3.0 is a light weight flying device used with a smartphone. they gave approval for the owner to use it for photography and data collection. the decision won't allow all paper airplane drones to fly commercially. just this one. >> it is an interesting contraption. it is not quite as hot. >> it is a cool down. sandhya patel is here with the latest. >> not only a cool down, but perhaps a few drops tomorrow morning when you wake up to your saturday. you might notice slick streets. live doppler 7hd is showing the cloud cover. green up to the north and there is moisture in the clouds. we are waiting for the rain. and right now yellows are showing up along with greens off the northern california coast. light to moderate rain in that direction. that sam

this new worry over health care hacks comes just after fiat-chrysler issued a voluntary recall of 1.7 million vehicles to install software to prevent >> kill the engine. >> reporter: a vulnerability seen in this demonstration of this jeep. these two cases, showing how the rewards of technology also come with risks. and the fda says there was no specific hacking attempt that prompted this warning, but still says there's a very reel possibility, cecilia, this could happen. >> scary possibility, too. aditi, thank you. >>> and we turn to politics now. 17 republicans in the race for the white house, and tonight, another democrat maybe on the horizon. joe biden. while the vice president has not indicated whether he will run, an adviser tells our jon karl he is, quote, 90% in. biden has said that he would decide by the end of summer. >>> next to africa, and new questions about another famous lion. jericho, seen here on the left, is the brother of cecil, there on the right. cecil, of course, is the lion whose killing by an american dentist last month sparked international outrage. and tonight

julie: he has been trying to shop around fiat chrysler or find partnerships. erik: he believes they need consolidation among automakers but there -- that only the niche will survive. in the creditves card business. fidelity investments may replace american express as it credit card partner. it may drop bank of america. fidelity will try to find new partners. it is said to be in talks with visa and mastercard. another blow for amax after losing cosco and jetblue. >> they need to figure out a new strategy. it appears retailer after retailer, company after company, realized that customers want access. better access through visa. produces been known to so many phonies. designer purses, movies. now there is a fake chinese wall street right. goldman sachs leasing company right across the border from hong kong in mainland china. the company has the same chinese characters as the real goldman sachs. shenzhen financial leasing company. goldman has very little power in mainland china. not much the company can do to change this. apple runs into this all the time. julie:

vonnie: we have a big impact from fiat chrysler..8% adds to some of the other we sell this morning, including from nissan group. they had reported july sales of 7.8%. the estimate was 5.8%. stephanie: thank you. let's take a quick look at the top headlines of the hour. john kerry is on a fencemending swing through the middle east. he will stop today in qatar. he he restarted formal security talks after a gap of six years. now a new u.s. warplanes have been delivered and the u.s. is counting on egypt to help stabilize the region. secretary kerry: we have is in the can amount of increasing military to military cooperation. our f-16s have just arrived and the president has lifted a hold on other equipment and goods that are very essential in the fight against terrorism. stephanie: the last talks in cairo were in 2009. they were stopped because of the air of unrest and the ouster of mubarak two years later. the reopening of a five-week shutdown was not waiting for and the eu is saying quick economic prospects don't look right. -- greek

. >>> fiat chrysler recalling dodge charger sedans because side air bags may deploy when a door is slammedyears 2011-2014. that's your cnbc news update. >> thank you, sue. i want to call your attention to shares of twitter. people are looking for the stock to go into a downward move. the stock is off and barely holding on at 29%. pete, give me a comment here. we haven't heard from you about this stock yet. >> with the call post earnings itself, the earnings numbers weren't that bad but as soon as they started speaking about the future and they gave themselves all kinds of time, wall street does not like to hear that. they don't want to hear, well, in the distant future how we're going to do things and monetize and we're going to be able to show you. the problem is people have lost patience. i think what you're seeing is a flush. at some point this is a great buying opportunity. >> i think facebook put up such great numbers. what are we doing on twitter? >> it was exacerbated by bob peck who was on "squawk alley" the show before ours and said that he was looking for more fundamentals from t

field chrysler did not do so that itself -- fiat chrysler did not do so that itself.e will also talk to the ceo of barnes & noble education. data on manufacturing, construction spending. erik: now, the focus shifts to friday's jobs report. ist: joining us to discuss johnson goleb. thank you for coming on the program. we had a long discussion. we want you to know what you think the fed should do and what you think the fed will do. janet yellen has said she will raise rates at a slow and measured pace. one and done for the year? what do you expect the fed to do. investorsow, i think are putting 50-50 odds on the fed moving in september. with a 5.3% unemployment rate, if they still think we need zero rate policy, they are signaling to markets that this economy is more broken than we'll think it is. that is not a good thing. i want to see the fed moving in september. we could enumerate several reasons why the fed should raise an straits, right? because the economy is strengthening, because the unemployment rate has dropped. because it is important for the fed to prove tha

what would an ipo, what would a spinoff for ferrari mean for fiat chrysler?ng we essentially, it is for two regions. fors giving the freedom ferrari to be independent. it means that if they find the right partner for a merger, we know they have been looking to merge with gm until now for sure, then, the family will not risk losing control over for our if they merge with another carmaker. marchionne expects they boost .he value before the spinoff 10% now, a high evaluation. owned in for 80% area the beginning of next year. after the ipo, ferrari would finally get the value and after --gets real value, >> of course, marchionne already the ceo of fiat ricer as well as the chairman of ferrari, notorious for working around the clock. he apparently never sleeps. doesn't he already have too many jobs? busy. guy is a bit ferrari,hairman of which was spun off in 2011. chairman of the swiss company sgs. has a lot of jobs. he took charge of ferrari one over two decades. he already has the ferrari as one of his main jobs. involved it looks like he really cares about ferr

and fiat chrysler automobiles hold just 1% of the chinese market. after years of steady growth, car sales in china dropped by more than 3% this past june, so even as north american car sales remain strong, professor taylor said in the cars continue to fall in china, it will undoubtedly affect the u.s. economy. >> it has been a growing u.s. market for many companies, and that will slow and affect those company's profits, and their ability to employ people in the u.s. so it'sern a positive sign to see the chinese economy slowing. >> and a wider chinese slowdown could have an impact far wider than detroit. >> many u.s. companies rely on china for growth. if you look across the world markets, the growth has been in china for the last ten years, so as the chinese economic growth slows to more normal levels, compared to sustainable 6, 7, 8% in previous years, those companies will be losing out on some tremendous growth market. and they will have to ramp up their efforts and other countries, getting a market share of other countries around the world. >> so

the chairman of fiat chrysler says his company is losing money fiatery battery powered 500 east thatlls. he says he only produces the vehicle because state rules require it. julie: this is about mary nichols and has some authority behind her. sergiofacing off against marchionne who says he loses money every time he sells a 500 e. he said he wasn't required to do it, he would not sell vehicles. he said he had to sell the government -- had to sell vehicles he would be there for a government handout. this were to become a pass, can we see this in court or is this a state regulation? scarlet: it's a proposal and it is what she wants to do. the target is 100% electric vehicles, new vehicles to be sold in 2030 to be almost zero emissions. that is a pretty stringent goals. even now it's goals are pretty stringent in california. going to be how each state deals with credits and a lot of automakers want more credits before they introduce more plug-in hybrids. is differentonne among automaker ceos in that he is complaining in public. other ceos have not. brownthe governor jerry said a target i

the spokesperson for fiat/chrysler says they are cooperating in a have not made any finding that thear has -- the cars have a safety defect. >>> air be in be will start -- air b&b says it will start collecting rentals. they say the tax will be expanded to other cities in france. they already collect rental in san francisco. >>> a >>> we sent john out to see what is going on and he found out, why the mystery. >>> what will happen tomorrow and what about those rain chances for the weekend? >>> there is something big in the works at the san francisco bill graham auditorium. one report suggest that vice president joe biden may announce his run for the presidency there. parking and sidewalks around the bill graham auditorium are closed for a month. >> reporter: a forklift operator moved one load after another into the legendary bill graham auditorium. it is hosted the grateful dead, the who and lady gaga. it was also home to the san francisco warriors before they moved to oakland. parking in front is banned for nearly a month. nobody here can or will explain what the event is. will anybod

the buyer, exor, the investment company of the company that controls fiat chrysler.re your top stories. ofm: after two decades cisco's chief executive, john reinsrs turning over the to john roberts. investors of course looking for the company's outlook for the rest of the year. now, we get a preview from bloomberg's editor at large, cory johnson, and san francisco. what can we expect to hear from cisco today? >> this could be an interesting earnings report for cisco today. not just because we have a different person at the helm, but when big tech companies sometimes we see germanic changes at the company. i look to ibm as an ample where the tenure tends to be 10 years. the end of tends to be celebration and lots of really good orders, and the new ceo comes in, and sometimes within , they will spoil the party and point out problems and change some goals, and the company will save that -- at least that company typically has problems when it changes ceos. ibm, you seerd of different stories. you see cisco doing a lot better . hp and ibm not doing what is well. turnaroun

fiat-chrysler is ferrari's parent. tiffany, it is getting hurt by the stronger u.s. dollar.uxury jewelry retailer chain posted profits in the second quarter that missed estimates. it has kept foreign tourists from purchasing jewelry stores in the united states. facebook is hoping to offer a service similar to apple's siri. it is testing a personal digital assistant to run inside its mobile messaging app. ." is to be called "m it is being tested in the san francisco bay area. mayia: now, robo advisors be the single most disruptive trend in the financial industry. loewe artificial intelligence driven services could put investors in h-appropriate i'm a risk-appropriate -- age-appropriate, risk-appropriate centers. pimm: cory johnson is standing by. cory: every time i talk to the money managers, they are talking about this rise in the robo -advisors. adam nash joins us right now. the whole business model is built on, we can handle the risk, we can handle the volatility, we can make better decisions. how did you do on monday? what happened? >> markets go up, markets go down. ther

. >> and another recall from fiat chrysler. this time they're recalling nearly 86,000 chrysler 200 sedans because of an electrical problem that could cause them the stall. no word of any accidents or injuries but you should still take your car in for free repairs if you're notified it's on the list. >> produce pete here with something that's insanely good. >> hey, good morning. well, do you know what this pumpkin shaped vegetable is? well, it's basically the same as this. that's right. it's an eggplant coming up next all you want to know about african eggplants and all the other eggplants. >> are you an eggplant? >> no, i don't think so. >>> they had a whole big article about this african eggplant in the new york times. aye had this is the eggplant. the fancier one we see all the time. now, jersey has a big crop of eggplants which is very, very good. eggplants need a lot of heat to grow. that's why eggplants actually came from india and came through europe. when buying this, your regular eggplant, let me skip around. i bought t

fiat chrysler says that some larger o connectors were damaged during production tests this could causes to stall or shift your on respectively in the neutral. no reports of any injuries related to the problem customers can get their vehicle repair for free through the dealer. while >> marty: look outside sfo beautiful conditions there have the latest on the hot weather in the bay area as well as breaking news with injuries and smoke eastern north billerica back. school starttomoow, antheyed noteok, lder. ¢, , ¢. aw, now m nosuref i'm ady r th to bac m soeady makeow pces ppen ma 110readhapp. aple ke me haen. we talked it palmitic- apartments. they both say they're not working any fires right now they to received a lot of calls about the increase in smoke. we're investigating whether not the smoke could be from the many wild fires that are burning across darling california democrat heading that way and an update for u.s. citizen get it again if you're in the area we would like to see if those ideas have this done to us. and we got a check and >> reporter: catholic county fire folks in ma

the national highway traffic safety administration says fiat chrysler admitted to violating federal rules requiring timely recalls and notifications to owners dealers and nitsa. fiat agreed to take action. they will also require the automaker to buy back some of its own vehicles. brent is a report for the detroit free press. >> the buy-back program involves over 500,000 vehicles. it actually will affect about 175,000 vehicles. and that's stunning. that is the largest amount of vehicles that have been subject to a buy-back program that nitsa has been able to impose on an automaker in history. >> and fiat is in the hospital hotseat again. it took 18 months to disclose a defect that allowed hackers to seize control of a jeep. fiat isn't the only automaker to be fined by federal regulators. in mayonnaise fined them $35 million for failing to report problems. in 2010 and 2012 the agency leveled two multimillion dollars fines against toyota. 2014 saw 64 million vehicles recalled that's a record and more than double the previous record ten years ago. some lawmakers want to go further when it com

. >>> the recall of a million fiat chrysler vehicles has sparked a federal government investigation. the hackers who dplon traited the -- demonstrated the vulnerability got into a control system in an electronic opening in the radio. fiat said it fixed the loophole. but the feds wants to know which other cars have the vulnerable radios. >>> another person has died of legionaires disease in new york city. health officials say they expect to see more people get sick. five cooling towers have been cleaned. cooling towers spread the disease through contaminated mist. in our area west chester has disinfected 8 cooling towers after an employee was diagnosed with the disease. >>> craft is recalling cheese singles due to a packaging error. there's a possibility when the individually wrapped slices are unwrapped, a thin strip of the packaging could be stuck on. the recall applies to 1, 3, 4-pound sizes of singles white american cheese. the packages have manufacturing codes of f54 or 55. >>> wild fires are burning in california that took the life of a firefighter and two thousand homes and forc

fiat chrysler ceo may soon have another had to wear.upercar maker ferrari may name sergio marchi one-and-one chief executive. chrysler is the ferrari parent and ferrari is going public later this year. bolt crossed the finish line on his feet but was short on his back after his historic win in the men's 200 meter at the world championship in beijing. he was bowled over by a cameraman on a segway as he celebrated his fourth 200 meter title. he regainand once composure, he made sure the camera guy was ok to. that is a look at the top stories we are following at this hour. it is certainly not easier to state, in the choppy swings in the market especially this one. there is new class of money management services trying to take the emotion out of investing. they are called robo advisors and they use artificial intelligence to investors inappropriate securities. with adamon set down nash, the ceo of a robo advisor called wealth fund. >> i think this is the problem with humans doing their own avenge -- investments is that they get very emotion

. >> caller: i'm look at fiat chrysler. they plan on selling off ferrari and issuing ferrari stock to current stockholders. they're around 15. revenue margins and return on equity is good. it's down 40% for the month. should i buy? >> that stock is up too much versus other stocks and it doesn't have that kind of yield that i would like for protection. i'm not a big fan of the auto stocks because they require worldwide growth and that is what's being questioned so i'm going to say no to that idea. dennis in michigan, please, dennis. dennis you're up. >> caller: hi, jim. i'm calling in regard to jet blue which is an american based a airline stock. it has nothing to do with china, europe or the world economy yet in the last several days it's fallen over 8%. i'd like to get your opinion on why it's fallen. >> of course. let's understand that july was a bad month in term of rate structure for united states airlines and more importantly that's barely down when you care so many other stocks that are down far more. it's not a blue

fiat chrysler recalling more than 322 to inflate doors slammed too hard. the recall covers dodge chargers from threrch to years in the united states and canada. news follows 800,000 dodge ram pickups for the same reason. three minor injuries have been linked to the safety issue. today summer streets in the city kicked off with a giant water slide among other attractions. take a look at this for six hours no vehicles allowed on seven miles of manhattan roads with park avenue and connecting streets from the brooklyn bridge to central park. people free to slide down a 270 foot water slide at foley square or run, walk, or use scooters without having to dodge cars. some streets will return next saturday incase you missed it today. empire state building illuminated with endangered species as you can see there. threatened animals including snow leopard and more than 450 tall and 160 feet wide covering 33 floors done to raise awareness for endangered animals. another new york city landmark bites the dust. the apple diner closed to force in order to make room for a

the one stock up is fiat chrysler. this stock has defied conventional wisdom, down on up days, up on down days. that's the case today. fiat chrysler up a little more than 1%. >> the dow is still down 270 points. but i want you folks to watch the russell 2000. that is a big index of mostly small cap and nearly entirely domestic u.s. stocks. it is down but only .3%. the dow is down 1.7%. if you're talking about a global route and currency concerns, many investors may be looking to those companies which sell and buy only right here in the good old usa. the res sell 3,000 or 2,000, it's only down .1%. could it tick higher? anything could happen. right now the dow is down 280 points. let's take a look at the s&p sectors as we go to break. it's a sea of red, but there is a little bit of a feeling of a comeback here as well. all in all it has been a heck of a week. after the break we'll try to look forward. where are some opportunities for you? is there anything out there worth your money? we'll call it our market crystal bal

this new worry over health care hacks comes just after fiat chrysler issued a voluntary recall of 1.4 million vehicles to install software to prevent hacking. >> kill the engine. >> reporter: a as a rule jerk seen in this demonstration video when hackers took control of this jeep. these two cases showing how the rewards of technology also come with risks. aditi roy, abc news, new york. >>> police are using a new tactic to crack down on distracted drivers. officers are now being deployed and disguises looking for people texting in their cars. one police department in georgia is sending its officers out looking like construction workers. while one in connecticut looks like a land surveyor: it may be a novel approach to a problem but police say it is necessary. >> we can actually get close enough and actually get almost into the cars and look down into them. and see what people are texting and what they're doing on their phones. and it's still a problem but this texting is killing just as many people as drunk drivers. >> now one department in california even sent out officers in plain cl

general motors and fiat chrysler saw july business rise more than six percent over a year ago.said its sales for the month gained five percent.+++ nissan did better still: they were up eight percent. >> ifill: wall street gave up ground today, as oil prices sankat &f &c1 &d0 &q6 s37=5 n0 &k0 the dow jones industrial average lost more than 90 points to close below 17,600. the nasdaq fell 13 points, and the s&p 500 dropped six. senate republicans tried and failed this evening to cut off+++ parenthood. they pressed the issue after the release of videos that show planned parenthood officials casually discussing procedures to obtain +++fetal tissue.ath0 the videos were secretly shot by anti-abortion activists. >> woodruff: and, former pennsylvania senator richard schweiker has died.+++÷ >> today after working with states and cities and power companies, the e.p.a. is setting the first nationwide standards to end the limitless dumping from power plants. today, washington is starting to catch up with the vision of the rest of the country. >> ifill: the rule, to be implemented by the e.

as a result, fiat chrysler issued a recall of $1.4 million to fix the vulnerability. the two men will work out of uber's robotic research and self-driving car facility. they have not said what the men will do. it's the facility where uber develops security software. >>> well, france is in this morning for lisa argen. what do you have? >> we have cooler weather. things are going to change today. if you are like the san francisco people, you will like these temperatures. we show extensive cloud cover right now there. is a chance of sprinkles throughout the morning hours. mainly in the north bay, but you see areas of light green. we could be seeing trace amounts of rainfall just above ukiah. heads up if you are heading to the sierra, or the western part of nevada. a red flag warning in effect until about 6:00 tonight. and if you are driving, be careful because ridge top gusts could reach up to 70 miles an hour, making it especially difficult if you are in in a minivan to or a tall vehicle. i also wanted to give you an update on tropical storm erica as it moves through th

. >>> fiat chrysler's recalling more than 320,000 sedans due to a defect that can cause side airbags to deflate, dodge chargers from the 2011-2014 model years mainly in the united states and canada. the news follows last week's recall of more than 800,000 dodge ram pickup trucks for the same problem. three minor injuries have been linked to the safety issue. tomorrow some verizon workers could actually be going on strike. the company says the union contract covering 39,000 employees in nine states -- including new york -- expires tonight at midnight. union officials say verizon wants workers to pay more for health care and make concessions on their pensions while the unions want more health care and retirement benefits. verizon officials say the effect of a strike on customers should be minimal. >>> well, today the celebration of new york's roadways known as summer streets in the city kicked off. for six hours this morning, no vehicles were allowed on nearly seven miles of roads including park avenue. people were free to walk, bike and use their scooters without having to dodge any c

the hits keep on coming for fiat chrysler. it is now investigating the radios in nearly 1.5 million of the automaker's cars. the reason for this, hackers apparently got into a jeep cherokee through an electric opening in a radio. when they did that, the hackers were able to take control of the suv over the internet. the fiat chrysler recalled millions of cars in the past few weeks. just yesterday, it announced several hundred thousand more are being recalled because the side airbag might inflate if you slam the car door too hard. >> that's not good. >>> 6:17. you've probably seen the ads for websites that promise to hook you up with a contract for for the home improvement projects going on. what do you do when the contractor doesn't deliver. a new jersey woman got baquero. >> reporter: jean sharp shows us the three windows she had hoped to replace in her home. she searched for a contractor online and found one through home adviser.com. >> decided to start with the windows. get the windows out before i did anything else. he too

>> we have three member companies, headquartered in the u.s., fca, which is fiat chrysler and fca, fordeneral motors are our members and the industry's incredibly important to the united states economy, and those three companies have a knew kwraebg and even more potent economic impact. >> as you are representing those countries, do you also represent the downstream dealerships for those company products? do you represent the union folks that work in the companies? >> we work closely with the union labor force as well as the dealer networks, but we primarily represent and really are focused on representation of the public policy interests of the fca, ford and general motors and with the principle focus on foreign trade issues. we export more cars and parts than anything else, so having a public policy that supports and sustains those experts are very important, and this year they will export about 1 million vehicles from the united states, so it's very important that policymakers are aware of the economic impact of the industry, and, of course, thinking about it as they shape policy. the

last week fiat chrysler reported global results for second quarter. for the u.s.ision, the profits slipped in the second quarter down to $598 million. revenue $22.6 billion. up 11% year over year and the adjusted net income came in at $726 million. there's a conference call going on, we're on that call. we'll hear what sergio has to say. always provocative comments, especially from a man who has been very blunt, carl in saying this industry needs consolidation. we'll see if he has anything to say in that conference call. >> we'll be listening, phil. >>> solar tech company sunrun has opened for trading at the nasdaq, under the ticker symbol, run. shares are just under $12 right now. let's talk to fishes on cnbc, the sunrun ceo, lynn jurich. you have $300 million in new capital. how much scale will that offer? >> you know, the market has been pretty choppy. as you can tell so we're really pleased that we got our offering done. we got our capital raised, which will support our growth. and we're looking forward to continuing along that path. >> we're two for two this

fiat chrysler and ford both reporting stronger than expected sales. in fact it was a record month for the jeep brand in july. biggest in ten years also ford's f series pickup did very well last month. >>> could be a fine opportunity for social media stocks this week. a big quartet pummeled last week, facebook linkedin yelp and twitter each saw the shares dissofty spite some pretty dong -- dissolve despite some pretty strong earnings. so far the shares are down once again this morning. overall a pretty flat start for the stock market. let's take a look -- maria and frank back to you. >> all right thank you so much jason from kcbs news. >>> thank you jason. it is 6:43 now. police are looking for a whom who they say rented a san francisco home through the online lodging website airbnb and then stole thousands of dollars worth of items inside. police say the surveillance video back in april showing the suspect 27-year-old j ooh na dominguez out of richmond and apparently booked the home through the website. the victim says she broke into a locked office a

we expect fiat chrysler and ford later today. phil le beau will be here to talk about it.legal offerings. legal costs could go as high as $5.9 billion up from the previous top estimate of $3.8 billion. it just never ends for these banks. >> we have a couple of stocks on move, tyson foods, missed estimates on the top and bottom line. just in the beef market. tyson also lowered its forecast for the year. partnerre will be acquired they have been the subject of an ongoing party. it will be our turn. >> a different viewer. people could be waking up. >> my alarge goes off at 3:45. >> why do you have to be here? >> all you have to do at 6:00 a.m. if i'm up and here i assume people are here. >> people in california they should watch at 3:00 a.m.? >> people in california governor moon i'm not sure. >> what time do you get up? >> i rolled out of the sack. >> i live three blocks away. >> i like to get ready for the show. >> it takes a lot. will you see. the first trading day of august. over the years, the month has proven to be volatile. 1998, the dow dropped on political concerns i

general motors and fiat chrysler saw july business rise more than six percent over a year ago.said its sales for the month gained five percent. japanese automakers honda and nissan did better still: they were up eight percent. >> ifill: wall street gave up ground today, as oil prices sank to near $45 a barrel. the dow jones industrial average lost more than 90 points to close below 17,600. the nasdaq fell 13 points, and the s&p 500 dropped six. senate republicans tried and failed this evening to cut off federal funds for planned parenthood. they pressed the issue after the release of videos that show planned parenthood officials casually discussing procedures to obtain fetal tissue. the videos were secretly shot by anti-abortion activists. >> woodruff: and, former pennsylvania senator richard schweiker has died. he was a liberal republican who became ronald reagan's vice presidential running mate in 1976, during reagan's first, failed bid for the g.o.p. presidential nomination. richard schweiker was 89 years old. still to come on the newshour: an intensified push to tackle clim

it prompted fiat chrysler to recall 1.5 million vehicles.s it is trying improve security at the company. high profileing movies, including "hunger games" and "transformers." netflix will be ending his contract with epix to focus on original content. those are the corporate headlines this hour. i am zeb eckert. angie: time for a look at what we are going to be watching in asia this week. tomorrow, we could see the manufacturing pmi for china at its lowest in three years. economists expect a figure of 49.7 compared to 50 in july. a number of this loan would put pressure on beijing. blackoverseas be the new for netflix? offering original local content at its launch in japan. netflix is hoping to expand into another 150 countries by next year. time for the battle between samsung and apple taking up again on thursday. samsung will release an update to galaxy gear at a trade show in berlin. a photo has been published of the new device, which has a round face and is rumored to feature gps. on thursday, we saw xi jinping welcoming world leaders to c