fiat chrysler and ferrari both hold meetings today. aref our extremely excited about that, the first time that fiat, cnh, and ferrari shareholders meet the same day outside italy. what has been said so far? >> we just spoke with sergio marchionne. sergio who are the big guys that potentially could team up with fiat chrysler. essentially, he said that if you ork at them, the first four five carmakers in the world, gm, -- heagen, toyota, ford said gm closed the doors, so it is not likely we will have a discussion with them at this point. the koreans are not interested. potentially there are just three candidates left to dance with marchionne. mean that they are having talks with one of them, but ideally those are the three candidates that would make sense to team up with fiat chrysler. john said they were merging with one of the big guys and could give savings of $10 billion every year. francine: so that is for m&a. they want to become more of a lifestyle brand. i love that the ticker is "race u.s." is that being taken well by shareholder

. >>> fiat chrysler is recalling more than 1 million cars, and suv's tonight, that is because their gear shifters could confuse drivers and cause a roll a way accident. the recall covers dodge chargers, chrysler 300 sedans and jeep grand cherokee suv from 2012 to 2014 model years. the electronic shift levers make it very difficult for drivers to tell if they are in park and that increases the risk of the vehicles rolling away once the driver gets out. the recall comes after the u.s. government opened up an investigation into these vehicles following more than 120 reports of crashes. >>> right now in center city a portion of broad street is closed at philadelphia

fiat chrysler now reports most of the cars are in the united states, dozens of people have been hurt.chargers, chrysler sedans and jeep grand cherokees. can go the specifics online. drives 0 who put their cars in park didn't really put them in park, so when you get out, the car can just sort of take off without you. never good. the popular ride sharing service uber-agreed to pay its drivers $100 million to set lawsuits whether they should be considered employees or independent contractors. the company gets to keep its drivers' status as independent contractors, so it wins. the company wins. the company always wins. the drivers in the suit said they wanted to be considered employee, which would have maintain uber had to cover their expenses like gas and provides health insurance and overtime pay. that's not happening as part of the $100 million settlement. analysts estimate uber is worth upwards of $50 billion. about two million people ride in uber every day. $18 billion. how much volkswagen officials say the emission cheating scandal has cost the automaker, 18 billion. in finesses, le

. >>> fiat, chrysler and google are in talks to team up and create a self-driving car. in the past google has said it's not in the business of building cars but would like to licenses it's self-driving technology to a car manufacturer. >>> andly said they might could find a way to unlock an iphone by your voice. the technology was revealed in a patent application. >>> a new develop for a bridge running black dog called punch. no one stepped up to claim him, so today they announcedded his new family was chosen from some 50 applicants? we already have a small dog, so he's going be her brother. >> the san franciscodepartment of animal care and patrol is handing upon ch over to marilyn and finch. two highway patrol officers shut down the bridge to catch the run away. one of the officers today said he looks a thousand percent better than when we picked him up. >> he was so scared and now he's curious, alert and wants to know what's going on and eating treats. he wouldn't even eat any treats when we got him because he was so scared. the new owners say they love the name and h

you look at fiat chrysler's ability to make cars.acity is really expected to grow in the next few years. they could turn out to be a situation where they make the vehicles and you can see a google or a tech company essentially providing the brains or the ai for the product. emily: interesting. tim higgins for us in washington. tim higgins of bloomberg news. coming up, we will head to sweden and meet to scientists who might be onto a robotic breakthrough. ♪ emily: a story we are watching. yahoo! has shortlisted close to 10 bidders in the auction of its assets, according to reuters. most of those options require cash. bidders on the shortlist include verizon. yahoo! has declined to comment so far, they are expected to narrow the field of bidders as soon as next week. a regulatory filing has disclosed that marissa mayer will walk away with a $57 million severance package if the process results in a sale that ousts her from her job. her salary was down 15% from the year before with pressure to sell the company. google has just united har

we were focused on jobs and saudi aramco, but fiat chrysler missed. are they all missing expectations? jamie: the estimates were too high. the sales of the estimates. estimates are high for a reason. analysts don't like to get tricked or feel like they look in the market and the economy and they see a number and they get beat every time because automakers dump a bunch of vehicles or they offer a big discount to the dealers that they did not tell anybody about. they can't to plan for those things. after four months of pretty generous incentives from last november, really do president's day, maybe the automakers dialed it back a little and showed a little restraint and some discipline. wall street is not going to assume they will be disciplined in restraint. they expected to sell the cars, make the deals happen. more.they showed a little we will be watching what happened with the incentives in march. i did not see the big 20% off ads we saw in the previous four months. how much of tightening the credit to subprime auto borrowers and prime auto borrowers

there was some thoughts that there is a huge recall of fiat chrysler. about 1.1 million vehicles. there are some issues if you put your car and a parked position the car may keep rolling. coming back to the scandal, what a lot of buyers like, on one side, you had great performance. on the other side the clean aspect. if you fit -- fix the clean aspect, the performance may suffer. it will take a lot of time to bring the reputation back. >> and earning season continues. companies published latest results. what can you tell us about that? >> it is almost a miracle. we had big u.s. corporations who disappointed with their earnings. the stock of microsoft alone fell by 6%. it lost $30 billion in market valuation. blue chips achieved a small plus here on the friday session for the week. oil prices increased by 8%. that did help the market quite a bit. >> thank you very much. now back to you. >> we turn to the best storyteller english language has known, william shakespeare who died exactly 400 years ago tomorrow. fans have been remembering him with interpretations that demonstrate how e

jonase talking with adam about fiat chrysler. not been able to keep up with the technology. marchionne has always said better late than wrong when it comes to a cars. the stock down. earlier -- wase down earlier. we will check that later. david: apple will report its earnings. in january, it warned it will probably have a revenue dropped. --t would be the third time the first time that 13 -- aligned our be the first time in 13 years revenues dropped. gene munster joins us now from minneapolis. and we still have rick rieder here. i want to go to jean -- gene. explain your view on apple. i think everyone agrees it is a great company. the question that strikes me is growth and valuation. gene: it is not as high as a growth story as it used to be, is reflectingion and even lower growth rates. the iphone will be down 15% in the march quarter, and it should be up 7% in the december quarter. we think the multiple will expand, going into reasonable growth. on top of that, you have the services business, which is a new aspect to the story

. >>> some news out on fiat chrysler. the ceo saying they see toyota, volkswagen, and ford as remaining potential merger candidates for the group. fiat chrysler ceo saying merger efforts have never ceased. just a couple comments there about potential tie-ups to take place. again, they're underlining that toyota, vw, and ford all remain as potential merger candidates. so wrapping up the show for the week, why don't we show you what european markets have done since monday in trade, in case you forgot. the ftse seeing a bit of a rally, up by just over 2%. nothing compared to what the dax did, what the cac has done so far, the ftse mib so far. all these markets higher by just over 4%. some strength in equities this week. the u.s. futures. we're 4 1/2 hours away from the market open stateside. the dow jones being called lower by 20 points. the nasdaq and s&p called pretty flat. a number of you have been writing in throughout the show. we're always on e-mail, live on twitter as well. have a fantastic weekend. immediate for swag

michelle: 7 on your side with a consumer alert, more than one million cars being recalled by fiat chrysler to clear up confusion about the transmission. apparently the gear shift design makes it too easy for forget to put the vehicle and out,before getting resulting in rollaway cars, leading to 41 injuries. the automaker will enhance warnings and modify settings. owners will be notified soon and repairs will be free. one major airline says the low prices will continue next year. americans is that it will offer low fares into 2017. delta, united, and self west have plans for lower fares this year. the industry is benefiting from cheaper fuel costs. jonathan: president obama and the first lady were greeted by prince elizabeth and the prince philip. the president also met with the british prime minister to try to convince u.k. officials to remain a member of the european union. leaving theama says union would adversely affect the u.s., especially when it comes to trade. after that, the president had another special meeting, this two-year-old who stayed up a few minutes past his bedtime to gre

that is that fiat chrysler and ferrari both hold meetings today.so joins us from answered every great to have you on the program. on theerrari's first, car front, what can we expect from all of these big guys in the auto sector descending on the city? mean, today isi the first ever general meeting for ferrari, since it became an independent public company. ferrari,aly to discuss because they are already registered in the netherlands. it is quite important for ferrari. the head is nearing retirement. we are told that after today's new board is elected, he may step down. and ferrari has to renew the ambition to expand beyond the car business. the new board will include several figures, experts and the luxury business, like renauld. and ferrari was sold in the deal last week. usedhis has actually been by some companies today here. we are expecting the chairman coming from italy, quite soon. anna: fascinating to see how far they can push that ferrari brand. into the luxury space, they can really convincingly move into. on the subject, any progress on t

. >>> and fiat-chrysler recalling cars over gear shifters that may increase the chance of injuries. > when we come back, celebrating the life and legacy of an american original. almost everything, so we know how to cover almost anything. even a stag pool party. (party music) (splashing/destruction) (splashing/destruction) (burke) and we covered it, october twenty-seventh, 2014. talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ i tabut with my back paines, i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. type 2 diabetes doesn't care who you are. man. woman. or where you're from. city. country. we're just everyday people fighting high blood sugar. ♪ i am everyday people, yea, yea. ♪ farxiga may help in that fight every day. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. one pill a day helps lower your a1c. and, although

. >>> fiat-chrysler is laying off workers at a assembly plant. the workers will be let go for toyota rav 4 and lexus r 23-350 and e-350 are model year 2016. the problem is with the brake assembly that could result in a loss of stability. owners of recalled vehicles will be notified by mail. >>> the clothing retailer gap pulls an ad that some critics say is racist. in the ad, a taller white girl is resting her arm on a shorter black girl. one krk calls it passive racism. others argued that the black girl is being used as a prop. gap has apologized to anyone it offended. meg? >> all right. jill wagner at the new york stock exchange, thanks a lot, jill. >>> still to come, an emotional run. a woman injured in the boston marathon bombing gets ready to take part in this year's race. ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast and don't taste chalky. mmm...amazing. i have heartburn. alka-seltzer heartburn reliefchews. quilted northern works so well people can forget their bathroom experience. just lik

. >>> fiat chrysler and google are in advanced to talks to put self-driving cars on the road. the conversations confirmed by the associated press. technology for seven years but doesn't plan to manufacture them and will license them to automakers. >> i'm into the self-driving cars. hurry up. seven years too long. >> i'm with you. >> thanks a lot, henna. >>> coming up, presidential surprise. president obama drops in on college students visiting the white house for a day. the surface pro is very intuitive. i can draw lightly, just like i would with a real pencil. i've been a forensic artist for over 30 years. i do the composite sketches which are the bad guy sketches. you need good resolution, powerful processor because the computer has to start thinking as fast as my brain does. i do this because i want my artwork to help people. for the past 27 days, four men have outlasted authorities by making their getaway in a prius. this game ends now. to catch a prius, guys, what's that? oh, man. >>> after seven seasons and five emmys, "the good wife" is calling it quits. but not before

. >>> meanwhile, fiat chrysler is recalling more than a million jeep, dodges, and chryslers worldwide. the problem? drivers can't tell when they are in park. the gear shifters have been confusing some people whose cars have rolled away. more than 40 people have been hurt. >>> a state lawmaker has a novel idea to raise money for road repair. sell advertising time on the overhead signs caltrans uses to post traffic alerts. we look into how these might work and a possible downside. >> reporter: from traffic warnings to amber alerts, we drive by these changeable traffic signs every day. >> when it is not used for those messaging services, advertising needs to be up there. >> reporter: a state senator is pushing to bring much needed funding for california roads through a public private partnership he says would not cost taxpayers a dime. >> i'm looking for money that is not raising taxes on people more. >> reporter: sb1397 would allow advertising companies to bid for spots but caltrans would still have complete control of the content. there are 700 of these signs along the state and they m

you have 1.1 fiat chrysler models being recalled. >> 41 injuries sounds like a lot. for that already to be known and out there is a pretty high number. >> well, it depends. i mean, the way these work these are reported into the federal government. at some point, the companies -- as soon as one is reported, automakers are supposed to immediately start investigating it. at some point you say there is something more than just an isolated case here. while 41 may sound like a lot. i've seen other cases where you've have several hundred examples of a potential defect. and it does not result in a recall. >> true. phil, thank you so much. keep an eye on it. >> i actually rented a car recently where it was a dial. >> the gear shift? >> yeah. it was hard to get used to. >> bizarre. >> you don't hear a clunk or anything. >> i'm still getting used to the push button start. anyway. >>> hbo has a lot riding on its popular series game of thrones. we have the story on hbo's big weekend. >> this is hbo's biggest weekend of the year. rolling out its best content to lure subscribers. i

. >>> fiat chrysler and google are in advanced talks to put self-driving cars on the road.sations confirmed by the associated press. google has been working on the technology for seven years but doesn't plan to manufacture them and will license them to automakers. >> i'm into the self-driving cars. hurry up. seven years too long. >> i'm with you. >> thanks a lot, hena. >>> coming up, presidential surprise. president obama drops in on college students visiting the white house for a day. i can dra, just like i would with a real pencil. i've been a forensic artist for over 30 years. i do the composite sketches which are the bad guy sketches. you need good resolution, powerful processor because the computer has to start thinking as fast as my brain does. i do this because i want my artwork to help people. making their getaway in a prius. have outlasted authorities by this game ends now. ♪ to catch a prius, you've gotta be a prius. ♪ guys, what's that? oh, man. ♪ toyota. let's go places. today, the gop contenders hd to the bay area. a look ahead at the events here, a how police

now fiat chrysler is recalling more than a million jeeps, dodges, and chryslers worldwide because drivers can't tell when they're in park. the gear shifters have been confusing some drivers whose cars have rolled away. more than 40 people have been hurt. we posted a list of the vehicles being recalled on our web site, cbsnews.com. still ahead, anthony mason on prince's place in music history. and dr. jon lapook on the front line of america's zika battle continues. don't let dust and allergies get between you and life's beautiful moments. with flonase allergy relief, they wont. most allergy pills only control one inflammatory substance. flonase controls six. and six is greater than one. flonase changes everything. i'm phil mickelson, pro golfer. my psoriatic arthritis caused joint pain. just like my moderate to severe rheumatoid arthritis. and i was worried about joint damage. my doctor said joint pain from ra can be a sign of existing joint damage that could only get worse. he prescribed enbrel to help relieve pain and help stop further damage. enbrel may lower your ability to fight infec

. >>> fiat chrysler is recalling more than 1 million cars, and suv's tonight, that is because their gear shifters could confuse drivers and cause a roll a way accident. the recall covers dodge chargers, chrysler 300 sedans and jeep grand cherokee suv from 2012 to 2014 model years. the electronic shift levers make it very difficult for drivers to tell if they are in park and that increases the risk of the vehicles rolling away once the driver gets out. the recall comes after the u.s. government opened up an investigation into these vehicles following more than 120 reports of crashes. >>> right now in center city a portion of broad street is closed at philadelphia international festival of the arts or pifa takes place tomorrow on broad between chestnut and south. traffic is detoured to 13th and 15th streets. break down of the event should be complete by early sunday morning. >>> in tonight's health check a new report find more than half of the people in the united states live in areas with unhealthy levels of pollution. the american lung association in fact gave delaware, new jersey and mo

just today, scott, fiat chrysler announced an investment of a half billion dollars in argentina to build new vehicle there for the latin american markets. >> pelley: and a lot of foreign car companies build cars here in america, as well. dean, thanks very much. howling winds across the plains have pushed forwildfires to merge in northwest, oklahoma. more than 55,000 acres of farms and ranches have bunched and manuel bojorquez is there. >> reporter: in woodward county, more than 200 firefighters on the ground and in the air are trying to beat back flames shooting as high as 100 feet. the fast-moving wildfire is being fanned by winds topping 40mph. george geissler is with the oklahoma forestry service. this area has not had a soaking rain in over 100 days, and the fuels combine with the moisture are causing very erratic behavior. yesterday four separate fires sparked by arcing power lines downed by high winds merged into one blaze that raged across more than 55,000 acres. >> this was absolutely the fastest-moving fire i've ever seen. >> reporter: val and amy cast your of cbs affiliate k wt

fiat-chrysler is recalling more than one-million vehicles. it's because of faulty gear shifters. e recall covers the 20-12 through 20-14 dodge charger and chrysler 300 sedans. it also includes the jeep grand cherokee s-u-v years 20-14 and 20-15. an investigation found that gear shifters were leading drivers to mistakenly assume they were safely in park. all owners are being notified and are encouraged to bring their car into the dealer. take a look at this. president obama's trip to england wasn't all business. the duke and duchess of cambridge treated the obama's to dinner friday night at their home in kensington palace. as you can see here, young prince george was allowed to stay up past his bedtime to greet the president and first lady. dressed in his tiny bathrobe and playing on his rocking horse-- the young royal spent about 15 minutes visiting with the grown-ups. you may remember, the obamas gave the rocking horse to george as a present when he was born two years ago. live look outside. san francisco embarcadero. for the weekend: it's the earth day festival and street fair i

in the premaet it was up after fiat chrysler-- talked about the vehicle recall.s suv's and cars, dodge charger, chrysle300 sedan, essentially 2012-2014, and t jeep grand chekee, 2014-2015. ananyone whoook driver's , when you shifted it into park, you could feel it was park. it's mechanical. today's electronic transmis, when you shift intoark,ou can't feel it and listening to the warning signal. fiat chrysler is going to modi the warngs and settings r you stuart, it has tdo with t crank in the front. stuart: funnyny. . and u make a good pot, the sound when sometng is in park. th's how i if i go yo-- ift't's in park. anlike anlectctron car, i don't want that noise somebody knows howe're coming. >> some eltric cars have fake sounds to adesess the issue you jujust raised. stuart: thank k you, adam. gannett isffering 815 mimillion to buy tribune publishing liz: picking up marquee inn los anangeles and orlando-- >> do yoreize how big of a news item that woulde 15 years o? a drug maker called perrigo, new y in, , a guy-- it's s a guy. do you like taking oral medications

lisa: fiat chrysler eliminating 1300 workers at a factory in michigan. midsize sedans.ughs will begin in july. david: brief family owned franchise dealers have filed a class-action lawsuit against -- three family owned franchise dealers have filed a class-action lawsuit against volkswagen. businessour bloomberg flash update. it has been two weeks since the attacks in brussels. nato is urging its member states to take a larger role in fighting terror. i spoke with nato security general jens stoltenberg. jens: our alleys continue to step up their efforts to fight terrorism in different ways. we are supporting the efforts of the us-led coalition fighting isil. we're focused on how we can enable forces in the region to fightsisl themselves -- isil themselves. we are enabling them to step up their efforts. david: how about on the continent and self come in -- continent itself come europe? is all about collecting intelligence. we have increased our capabilities when it comes to intelligence. sharing intelligence and looking at how w can do that -- how we can do that in a more

consumer sentiment fell which is a bad indicator for auto sales and also of note the chairman of fiat chrysler talking about a merger with any of the three big automakers in detroit. gm seemed to be conspicuously off that list, mentioned volkswagen, toyota and ford were potential candidates. grasso? >> in order is down 6% and gm is out of the picture and that's down basically 10% year to date and this one is down 18% year to date. is it a worth a flyer at $7.50? i think so. i think you can maybe bounce this thing to maybe 20% to the upside but you must bail out on the stock. it's a low-priced stock. if it trades below 7 it's a big move for a low-priced stock. i think you need to bail out of it, but i think it's worth the flyer because it's the most beat up and you get guys covering shorts with the potential of any m & a. >> going back to the notion that sales, auto sales are showing cracks. already we know with a surge in problems with subprime loans about increased promotional activity and now we're seeing consumer sentiment tick lower and we picked this up up off of phil lebeau's twitter fee

fiat-chrysler is recalling more than one-million vehicles because their gear shifters may confuse drivers about when they're in park. >> britteny: 5 degrees warmer than what was all today and then also out " passing hour picking up a few of these raindrops and tell you what it looks like on the storm trackers it moves through a house small and isolated is and then passing showers as a going to the rest of the next couple overnight the next couple showers are to taper but tomorrow dry and breezy oakland 59 san jose 57 degrees livermore at 56 temperatures in santa rosa at 54. so making the rain falling down like tahoe else so it shows us a continuous cfe passing showers really more of a mix of sun and clouds as it headed to saturday sunday. drawing out we see that all weekend. and the napa cerros that and then 6769 to the trustee steady over the next seven days are so and drier conditions saturday sunday and try starts here workweek in monday 68 with a partly sunny skies as we go in to wednesday thursday. the next chance of showers we try out again before next began. >> catherine:the recall

. >>> and fiat chrysler is recalling several vehicles for a shifter that can confuse drivers, believingheir car was in park when it wasn't. >>> and your costco membership will probably go up as they will raise priceses -- prices from $55 to $60 for a regular membership. they last went up in 2010. >> what kind of details are beyonce fans finding in her new album? >> people are going nuts about this. >> reporter: i know. it includes accusations of betrayal by her husband, jay-z. it came out on tidal that was ranked 207th most popular app and then rose to 24th after queen b's album was released, and it's now also available on itunes due to high demand. >> hana daniels, thank you. >>> coming up, a plane that runs only on solar power lands here in the bay area. we'll tell you what's ahead for solar impulse. >> and taking a live look at the 880 in oakland. george will have much more in your traffic alert and watch what we come back. ,,,,,,,,,,,,,,,, impulse two are now in the y area... and plotting the ne leg of their around- the- w journey. the solar powered plane >>> the two pilots of the s

fiat chrysler will layoff employees in the plant in michigan. it is a mid size sedan plant. sales have fallen 63% this year. lower gas prices are pushing people to larger cars and suvs. the move will likely help position chrysler for better sales in the long run. the u.s. auto industry is growing. 260,000 new jobs in the last six years. 40% increase. car sales hit a record in 2015. they continue to climb in the first quarter. those march sales were weak. >> mixed picture in the grand transition. >>> "early start" continues now. a bitter battle brewing with bernie sanders and hillary clinton. sanders calling the democratic frontrunner not qualified to be president. >>> and donald trump blasting ted cruz in a late night rally. can the republican presidential frontrunner recover from his bruising loss this week? good morning. welcome to "early start." i'm miguel marquez. >> i'm christine romans. it is 5:00 a.m. in the east. breaking overnight, bernie sanders targeting hillary clinton with his toughest atta

fiat chrysler recalling more than one point one million cars and suvs worldwide, including more than in the u.s., dodge chargers, chrysler 300s, and the jeep grand cherokee. schlumberger trimmed its workforce by 2000 in the first quarter. the reductions,'s profit declined 49% because of the slump in oil and gas drilling. the company said the work force entered the quarter with 93,000 employees -- ended the quarter with 93,000 employees. puerto rico will default in may on some of the money it owes. the island is expected to fall short on $422 million from the government development bank. mayy's says puerto rico also default on debt from three other agencies. that is the bloomberg business flash. joe: "what'd you miss?" the boom in bitcoin. the virtual currency has been on a rally, doubling since last year, but why? does it have more room to run? joining us now is a technology analyst. what is going on? people don't talk that much about bitcoin these days. run.s been on a nice what is driving it and how much further does it have to go? the core constituents of bitcoin have continued to

they are turning to models from bmw,ikes of fiat chrysler, and daimler. 5.7% to 1.7 million cars.t the 31st consecutive month of growth. this is the chart of auto and auto related stocks since september 18th. that was the day the emissions scandal blew up last year. vw at thees to see bottom of the pile, but it is the other carmakers that are only just lagging it. ll sporting declines since last september. betty: all slowing down. we have had flow data from man group. talk about this reaction from the. at. mark: up by 7% earlier. the big story was the world's biggest publicly traded hedge fund firm, man group, reported net inflows of half $1 billion in the first quarter. it is computer-driven funds that attract investors. the industry had a tough first quarter as a whole. in the first quarter, the industry was down by .8%. the big damage was done in the first two months of the year. equities and commodity markets rebounded in the third month of the year. that is according to data from hedge fund research. the big inflow data from man group pushing its shares up by 7% today. just:

said to begoogle is in late stage discussions with fiat chrysler to form a technology partnership.avid: the latest meetings in stanford, california. many are calling for fast and efficient deployment. he had this meeting with industry players. what was the thing foremost on their minds, would you say? grexit is about trying to find a how do to save lives so we nurture innovation, get this out as quickly as possible to save lives but do not stifle innovation with too much regulation? close are we to a driverless car future? >> this is a question everyone loves to ask and i point out they are already here. we have automatic emergency braking, the safety technologies are already on the road which is why we have to figure out how to make sure they are safe when they get there. david: president obama has committed a lot of money here. do you expect more government investment in the sector? i think at some point it is going to have to. this is a down payment that shows the president's commitment. safety technology saves lives. this is the first part of this exciting journey. lisa: i want

just today, scott, fiat chrysler announced an investment of $500 million in argentina to build a newcle there for the latin american market. >> a lot of foreign car companies build cars here in america as well. dean, thanks very much. >>> howling wind across the plains have pushed four wildfires to merge in northwest oklahoma. more than 55,000 acres of farms and ranches have burned and manuel bojorquez is there. >> reporter: in woodward county, more than 200 firefighters on the ground and in the air are trying to beat back flames, shooting as high as 100 feet. the fast moving wildfire is being fanned by wind topping 40 miles per hour. george geisler with the oklahoma forestry service. this area has not had a soaking rain in over 100 days. and the fuels combined with the moisture are causing very erratic fire behavior. >> reporter: yesterday, four separate fires sparked by arcing power lines downed by high wind merged into one blaze that raged across more than 55,000 acres. >> this was absolutely the fastest-moving fire i have ever seen. >> cbs affiliate kwtv were covering the fire wh

effortsso snubbing its to resolve its omission cheating scandals from the likes of bmw, fiat chryslerand i' diamler. industrywide demand rose up to 7 million cars in march. that is the 31st consecutive month of growth. this is the auto index since the emissions scandal broke on september 18th last year. you can see that volkswagen is the bottom of the pile. the automakers have not fared very well since then. really quickly, a london-based company, the world biggest publicly based hedge fund firm, reporting net inflows of half $1 billion in the first quarter. it is computer-driven funds attracting investors. upes of that group are 6%. betty: let's get back to the bank earnings here in the u.s.. the fifth first quarter profit of citigroup topping highs. citigroup joining big banks by slashing costs more than anticipated. joining us now is josh rosner. your take on citigroup could that is the big hurdle for all these banks. how far can they go with these cuts? very there is still little real natural topline growth. trading is obviously hurting . betty: hurting less. josh: and the cost-cu

and a big recall from fiat chrysler to talk about. the vehicles may roll away after drivers exit.ecall affects several models from the past few years. meantime call it a ford first in china, starting next year the auto maker is bring it's f-150 truck to that country. it is the first time that drivers in china can officially buy this very popular vehicle. >>> and it turns out that breakfast is the most important meal for mcdonald's. the fast food chain seeing its sales boost over the first three months of the year, because of that all-day breakfast menu, which i suggested. you're welcome. that's business. i'm neil cavuto. we live in a pick choose, choose, choose. but at bedtime? ...why settle for this? enter the sleep number bed, designed to let couples sleep together in individualized comfort. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. save $1200 on the i10 mattress with purchase of sleepiq technology and flexfit3 adjustable