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

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

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

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

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

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

i wouldn't rule out a merger with fiat chrysler. he hasn't talked to sergio marchionne at chrysler.services there could be consolidation coming in the car industry. stuart: wouldn't that be something. got it. snow is falling. cars stuck all over the place. flights, thousands of them canceled. we'll bring in jeff flock at o'hare airport with the latest. what can you tell me, jeff? reporter: i have to foot of snow in my front yard. i didn't have to stay at hotel to get to work. but i digress. cancellations even as far as chicago. all the laguardia flights canceled. all the newark flights canceled. all the boston flights cans i would. all the washington flights canceled. we don't have too many people stranded, because people knew about this. heres the latest number on cancellations 5036. it's a mess out there. i hear you doesn't even have very much snow. stuart: in new york city we got enough to shut things down, that's for sure. it is most unpleasant. jeff, glad you're indoors. see you shortly. >>> president trump holding, he has phone calls today with the ceo of anthem. he is talking

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

fiat chrysler recalled more than is million cars and suvs because the gearshift makes it too easy for out. gearshifters use to be intuitive but many carmakers are adding style and design elements to their interiors. they might look on better but confusing and potentially dangerous. >> i'm right now in a mercedes-benz glc. the shifter is a )da]ñmon or st tr -- mono or stableul0shifter. putting it into park is a small button at the end which completely blocked by the steering wheel.s3i >> reporter: consumer reports believes so strongly that these confusing gearshifts can be so dangerous the now doing something about it when it comes to rating these cars. we will have more on that. plus, we will reveal some of the most dangerous shifters consumer reports found. >> see you at 11:00, susan. >>> it is all hand on deck. those words from maryland's heroin epi his state. what his declaration of a state of emergency means. >>> a woman's body was discovered near this while to i'm trac wyil ♪ ♪ >>> in maryland, deaths involving heroin and opioids doubled in the last year. >> the state's governor

. >> take a look what's going on with michigan and with ford and general motors and fiat chrysler. so many more. the jobs and wealth have been stripped from our country. year after year decade after decade, reaching more than $700 billion in a trade deficit and lots of jobs. thousands of factories have been stolen from our country. but these voiceless americans now have a vice in the white house. under my administration, the theft of american prosperity will end. we're going to defend our industry and create a level playing field for the american worker finally. today i am signing two executive orders that send this message loud and clear. that set the stage for a great revival of american manufacturing. you saw that today. you saw what happened. you saw the kind of numbers we have. survey actually showed 93% of manufacturers are now optimistic about the future. a record high. that is up from about 56% just a couple months ago. we're going to build on that tremendous momentum. we're bringing manufacturing and jobs back to our country. first, i'm signing an executive order to make s

we talked to mary barra, sergio marcioni from fiat chrysler. he said if you create jobs, i'll take the regulations off of your shoulders. mary barra said she's excited. listen. >> i care about the environment. general motors is committed to the environment. we're making -- i'm vesting billions in the technology of electrification and fuel cells and proving every system in the vehicle. so we're committed and want to have a safer environment across the globe. >> yeah, some people say the automakers don't care about the environment. they want to pollute. mary barra says a lot of people that buy cars worry about the environment. she doesn't want to hurt it. she says it's about competitiveness. tell me what to do and i'll do it. don't tell me how to do it. listen to what he says. >> we're smart enough and technologically astute enough to find the right portfolio of technology changes to make the numbers. i don't want to do it that i have to wear a head band and three stripes on the side. that doesn't make me competitive. >> sergio marcioni watering

does this matter for certain automakers like fiat chrysler?ecause they skew heavier than any automaker in terms of trucks, suvs, the vehicles that have lower fuel economy relative to a smaller car or an electric vehicle. here's the ceo sergio marchone talking about the standards set in 2012. >> phenomenally important. we need, all technologies, options need to be put on the table including targets, timing, all the stuff needs to be looked at. >> reporter: after that question aid chan i had a chance to askly, are you the big news next week? ahead of the ceo, all of emsaid the same thing. we looked around and said, well, somebody has big news next week but it's not us is what a lot of people were talking about as the president left this plant today. >> all right. i have to ask you about tesla as well. bits 1.8%. finally the long awaited off capital raise is happening? what does it mean for the company and what does it mean, they've made money in the past by selling emissions credits. sort of like bridge the two stories together if you will when

. >> and fiat chrysler taking the cover of its latest jeep. the concept that is will hit the trails in utah. at nature valley, we know that you have to put good in here to be great out there. real good energy. real delicious energy. nature valley granola bars. just good. you don't normally run through a meadow at sunrise. but once you indulge in rich, dark chocolate, lightly salted almonds and slow roasted peanuts... you might surprise yourself. nature valley sweet and salty bars. blissfully good. >>> welcome back to mornings on 2. they packed a church gym to call for stronger protections against evictions. >> there's a lot of people being pushed out, taken advantage of. people who represent vulnerable communities. >> right now landlords in san jose can evict renters without a cause. renters say it can be difficult to find housing in silicon valley forcing them to move elsewhere. it's a problem people are now facing. they were all ordered to move out of their rent controlled apartments by april 1st, tomorrow. the complex is set to be demolishe

. >> recently we reported on a recall involving gearshift confusion, fiat chrysler recalled more thanillion cars and suvs because the gearshift makes it too easy for drivers to forget to put the vehicle in park before getting out. for decades cars with automatic transmissions had a simple straight forward shifter but some newer cars have shifter that lok the new designs can set their models apart or offer a touch of luxury, consumer reports warns those could be complicated and even counter intuitive. >> the problem with the unconventional gear selectors, they make it hard to consistently pick the correct gear, especially park. in the worst case, that means the car could roll away. >> i'm am a mercedes benz and it is a electronic shifter, it means no matter what position you're in, it returns to the center and makes it hard to see what gear you're in. putting it into park there's a small button at the end blocked by the steering wheel. >> reporter: another problem sinces not immediately obvious on some models it's possible for the car to roll after the driver gets out. some manufacture

. >> looking at fiat chrysler, volkswagen, those could be hit the most, and zodiac, meggett, do you think this is sufficiently priced in. is this something that is underappreciated by the market or priced in? >> a couple indicators look at this and say how this may be a possible policy 5:shuchbaction. right now the market is skeptical of this. if you look at the sector level, one stand-out sector is the autos. for out toes thautos that are e earnings could go down 15%, because they have very little production in the u.s., a lot of sales exposure and thin margins. so autos is one sector that could certainly move. >> sebastian, we have to leave it here. thank you very much. >>> world markets live is the blog that runs throughout the trading day. we'll be right back. we'll be speaking to a front national member and gina miller. >>> welcome to "street signs." i'm carolin roth. >> i'm louisa bojesen. welcome. good morning. your headlines. >>> shares in the advertising group wpp slide after the firm says it sees a slow start to 2017. ceo sir martin sorrell tells cnn he's bullish about president

since my election, ford, fiat chrysler, general motors, sprin sprint, lockheed, intel, walmart and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. >> sean: really, nancy? you could not stand or clap for creating jobs? it just shows how much influence the alt left has over the democratic party and that the democrats have zero interest in working with president trump even though he is trying to clean up the mess that they made with their failed leftist policies. the responsibility now to fix the country falls squarely on the republicans in the house and senate. now is the time they have to lead. look at the reaction to last night's speech from the american public, cnn had a pole. at 78% of people had a positive reaction to the president's speech. 69% of the policies he had laid out it would move the country in the right direction. cbs poll found the same thing. at 76% of the people who watched approved of the speech. the address and made them feel more optimistic. take a look how

and we're seeing companies like exxon, walmart, intel, ford, fiat-chrysler and so many others, announcinghat they will keep and create tens of thousands of jobs in the united states. many, many companies are not moving now, which is normally they would have been out here a long time ago. they're not moving. they understand there will be consequences. if they move, that's fine. but there will be consequences. it's not going to be so easy. they won't fire our people and move and think they're going to ship their jobs back here and we won't be doing anything about it. the first two job reports that have come out since my inauguration, we've already added nearly half a million new jobs. right after this meeting, we'll be signing a new executive order to begin the process of reorganizing the executive branch to make it less wasteful and more productive. we're also working closely with the house and senate republicans to repeal and replace obamacare. obamacare all of a sudden, the last couple of weeks, it's getting a false rep, that maybe it's okay. it's not okay, it's a disaster, and people un

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

since my election, ford, fiat chrysler, general motors, sprint, soft bank, lockheed, intel, walmart,many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [applause] [applause] . liz: house minority leader nancy pelosi joining democrats in reducing to applaud job creation at the president's address to congress last week. today over 300 companies now bidding to build the border wall. many of them run by hispanics and women. it's a multibillion dollar project that's estimated to create thousands of new jobs. this as the new report says another democrat senate minority leader chuck schumer plans to block it. nexgut says senator schumer is hoping to demolish an essential feature of president trump's political identity. the border wall. safety. job creation. with me now, look who's here. former arizona governor jen brewer. good to see you, governor. so is it more important for democrats to block donald trump than create jobs and safety? >> absolutely not, liz. we're talking about the le

but at the moment it appears we have fiat, chrysler, honda, general motors moving higher. ford is slightly down, same with toyota. >>> there was a question on the floor of the new york stock exchange during this hour yesterday when i was there as to whether the jeff sessions situation had forced a sell-off because you may remember, you better have been watching i hope. a hastily called news conference announced in this hour and we saw the sell-off. we're pretty much flat, just slightly below 21,000. right to the floor show. matt at the new york stock exchange, alan knuckman at the cme group. we're at 20,999. i don't want to make a deal of a round number. what is not driving the markets. we see such flatness, is it too nervous to go into a weekend? >> a good time to take pause here. we had a huge rally on wednesday. a lot of it was due to president-elect trump -- president trump, not even elect anymore. and yesterday focused on snap. seeing all that volume going into snap, coming out of other sectors and that's why we're seeing the market flat here. not seeing sell-off but

that reminds me of about a year and a half ago when fiat chrysler approached gm and said maybe we should merge. gm said no thank you, we're doing fine they had several quarters of blowout earnings and the stock started to perform, so over the last year, whinclude dividends on gm and s&p 500, gm's up about 20%. the s&p 500's up about 16%. that's outperformance over the past year. >> would you vote for this plan? >> i would, but i'm not going to lose sleep if it doesn't pass and here's why. i understand what he's trying to do, break it into the growth and value. people don't believe the stock is growing. that's the problem right there. they announce d this year they would have $6 to $6.50 this year. >> that's david's point is that if that lack of respect continues and the multiple shrinks further on the capital appreciation security, it could be brought back at hire and higher numbers. >> i'm not killing the idea. that's not what my point is is. my point is that this shouldn't be what moves the stock higher. >> i'm glad you went there. so, if not this, then what? >> you know, i think the o

record sales for suvs and pickup trucks driving general motors up in february and ford and fiat chryslerg from the same time last year and american dream looks same for millennial as it did for mom and dad. half young home owners are picking the white picket fence and settling down in the suburbs. one of three choosing to buy in urban areas and one of five live in url rural areas. that's business, i'm charles pain. fios is not cable. we're wired differently. maybe that's why we've been ranked highest in stomer satisfaction jd power 4 years in a row. get our best offer of the year. 150 meg internet with equal upload and download speeds, tv and phone. l for $79.99 per month, r the first year with a o-year agreement. plus get hbo for a year and free multi-room dvr service for two years. go to getfios.com or call 1.888.get.fios get the best. get fios. >> kelly anne conway is apologizing after they had a field day of the photo snapped in the oval offi

since my election, ford, fiat chrysler, general motors, sprint, soft bank, lockheed, intel, walmart, and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [ applause ] >> we want to give people context on that. it is true there was an election. and it's true that after the election other things occurred. so technically the language there is accurate. i just want to put on the screen and get your response from the "washington post," trump taking credit for business decisions made. many of them coming before the election. ford deciding to abandon the plan in mexico has to do more with long term fwoels than with the new administration. fiat says the plans to invest in that michigan factory had been in the works for over a year. soft bank's $100 billion tech investment fund three weeks before the u.s. elections. again, that's something that he talks about but was already ongoing. >> yeah. so this is more fraudulent verbiage coming from donald trump. so it was in a nicer tone tonig

take a look what is going on in michigan with ford and general motors and fiat chrysler and so many more. the jobs and wealth have been stripped from our country year after year, decade after decade. trade deficit upon trade deficit, reaching more thanhundred billion dollars last year alone -- $700 billion last year and lots of jobs. thousands of and thousands of factories have been stolen from our country. these voiceless americans now have a voice in the white house. under my administration the theft of american prosperity will end. we're going to defend our industry and create a level playing field for the american worker finally. today i am signing two executive orders that send this message loud and clear. and that set the stage for a great revival of american nufacturing. and you saw that tay. you saw what happened. you saw the kind of numbers we have. the survey showed 93% of manufacturers are now optimistic about the future, a record high. that is up from 56% a couple months ago. we're going to build on that tremendous momentum. we're bringing in manufacturing and jobs back to ou

sold 200 million shares and is valued at $20 billion, making it bigger than tesco, ryanair and fiat chryslernus: it is of course, the controversial listing of the disappearing photo app maker, snap inc. the country has a strong criticism for issuing only nonvoting shares and a valuation that many analysts are skeptical of. these are the early days of twitter and of facebook. this is the facebook data. they had a little bit of a wobble in the first year and then they found the holy grail, mobile advertising. and then, twitter, which is not tweeting enough. ana: snap went mobile with valuation four times more costly than twitter. adam joins us now on set. what are the arguments on both sites, in terms of this ipo? arguments against our, there are many. you have the slow in growth, the unproven business model, no profits, incredible competition with facebook, and the no v oting. there is a lot to say of reasons not to, but why you would do it is essentially the chart you are showing with facebook. it is the idea of getting onto a rocket ship. manus: they found mobile advertising. they found mob

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

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

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