fiat chrysler is disputing that this was a defeat device. but they're just been sued by the doj and daimlerchrysler is also being investigated a seems like something that is going to affect other carmakers, although i don't think anyone did it on the same scale in the united states as volkswagen or with the same sophistication. yes. >> i didn't catch whether you have drawn conclusions, generalizations in the book on this one incident. it obviously happens quite a bit, or whether in the process of writing the book you were thinking about how that might occur so broad across companies and within the context of maybe the societal norms or like whether these things should be read that on a company basis, they should be on a societal basis almost. i would be really kind of interested what you thought about how these occurred and why they occur and what kind of incentives and things like that make them happen. or what it is in people and that kind of thing. >> you did cover that a little bit. just try to get you to expand a little more on that. >>

fiat chrysler has won the approval to continue selling diesel in the u.s..he fiat chrysler is winning approval to resume selling diesel in the u.s.. it does sell a suit on the -- settle a suit on the clean air -- violationion and modified software that the u.s. says was illegal. mark: these industry groups are declining on the stoxx 600 group. it is all about banks. ubs shares falling as much as 4%. -- er reporters 13.5% in the second quarter. it fell from the first quarter's 14.1%. investors are worried that drop in the ratio could mean less cash available. net income did rise. ubs is down by 3%. credit suisse up by 3%. switzerland's second-largest lender. 78% rise in second quarter profit. lower expenses lifting profit at the global markets trading business. the biggest contributor to the top line, even as revenue did contribute. chief second of jobs in selling down bad assets to reduce reliance on volatile that trading in favor of more stable businesses. b.n.p. paribas is unchanged today. it is still possible to make a big investment banking franchise. of

ford, fiat chrysler, honda and nissan reporting better sales man estimated. give back for last month's dismal figures you think? it still might be a down month over all, the kleins we see our substantial from gm, ford and fiat chrysler. but not as bad as anticipated. as you see, the reaction on the markets mean that even gm, their shares are up as well. because what investors are liking is a little bit of discipline on the incentives, they are not eating into the margins, and especially the suv's, pickups, that is where they make their money. that is where u.s. automakers make their money certainly and it is the overriding theme of the sales and that is why investors are bullish today. >> a former executive appeared at westminster magistrate court in london, facing allegations dating back to the 2008 financial crisis. so what happened today? >> it was a hearing to have the charges laid out to the defendant and decide on bail. the judge decided that they must pay 500,000 pounds financial has flightcause -- risk, so they wanted that to be paid. they were allowe

" character will appear in an ad since big bird in the 1990s. >> i don't get this. >> this is fiat chrysler'sh into the family oriented audience >> does a parent think that the kids like "sesame street," therefore they'll like chrysler minivans >> it's more about the parents watching "sesame street" along with the kids who will say this looks like a good minivan. >> do you think? >> you have to look at your market segment families are watching. >> but the kids are not deciding which car to buy >> but the parents are typically watching the show with the kids. >> we'll see let's see if it leads to a jump in sales >>> a feel-good viral video. check out this footage of a dog coming to the rescue of a dear drowning off the shores of long island the pictures sending social media into a frenzy. storm jumped into the long island sound, swam towards the fawn a paddled the dee back to safety it is worth a watch. >> animal instincts. >> i wonder how the deer ended up in the water. >> not sure. the dog came to the rescue >> not big swimmers. >>> now to sports, get your checkbooks out the owner of the roc

fiat chrysler is calling the pacifica model a hybrid and is leaving out the second part.rs joins us now from michigan. what is your take on their marketing campaign? jamie it seems smart. clearly, their research shows that most americans, especially minivan buyers, who are not the most high tech or gear-headed consumers, get a little bit of range anxiety from the idea of a plug. it fills them with dread, the idea they will get stuck by the side of the road with a car full of screaming kids and they do not want that. the california market is the california market is different. it is much more familiar with electric vehicles, with plug-in vehicles, battery hybrids, fuel-cell vehicles. they got feedback from their marketers that this market was different, and please help us sell the plug. a state-specific campaign charges against -- across california. are they that much more amenable to electric vehicles? jamie: i think so. you have teslas, which are very common in your neck of the woods. i hardly ever see them here in detroit. two or three of them. it is a more advanced mar

the declines that we are seeing are pretty substantial from gm, ford, and fiat chrysler.y are not as bad as had been anticipated. as you see, the reaction on the markets mean that even gm, their shares are up as well. because what investors are really liking is a little bit of discipline on the incentives, they are not eating into the margins, and especially the mixed shift, the mix of light trucks, pickups and suvs, that is where automakers make their money. it is especially where u.s. automakers make their money and that is the overriding theme of the sales and that is why investors are bullish today. mark: a former executive appeared at westminster magistrate court in london, facing allegations dating back to the 2008 financial crisis. so what happened in court today? >> today was a routine hearing to have the charges read out to the defendant and decide on bail. the judge decided that they must pay 500,000 pounds financial security because roger jenkins is based in malibu and is obviously a high flight risk, so they wanted that security to be paid. the other ceos were

fiat chrysler recalling more than 1.3 million vehicles.e alternator, which could stall or catch fire in several models of the chrysler 300, the dodge challenger, charger, durango and jeep grand cherokee. the second recall is for a wiring problem that could cause the driver's side air bag to mistakenly deploy in dodge journeys from 2011 to 2015. more on our website. >>> when we come back, the 9-year-old facing unbelievable odds. can you do what he's done? who is our person of the week? ♪ depression is a tangle of multiple symptoms. ♪ that's why there's trintellix, a prescription medication for depression. trintellix may help you take a step forward in improving your depression. tell your healthcare professional right away if your depression worsens, or you have unusual changes in mood, behavior or thoughts of suicide. antidepressants can increase these in children, teens and young adults. do not take with maois. tell your healthcare professional about your medications, including migraine, psychiatric and depression medications, to avoid a p

fiat chrysler is recalling over one point three million vehicles worldwide. italian american automaker said potential fire risks an inadvertent airbag deployment where at issue in the two separate recall orders. the company said it's aware of several incidents related to the issues including two accidents but there have been no injuries. and grab is raising up to two billion dollars in funding from japanese investment firm softbank. in chinese ride healing company in tv. brad is uber's biggest rival in southeast asia the wall street journal reporting that the deal could close within weeks and value the company at over five billion dollars. grab operates in fifty five cities across seven countries it's also expanding into credits. and electronic money transferring services 07/14/17 07/14/17 [captioning made possible by democracy now!] amy: from pacifica, , this is democracy now! seeing, the we are new republican trumpcare bill is every bit as mean as the old one. amy: a revised republican plan to repeal and replace the affordable care act would gut medicaid, g

like fiat chrysler like daimler as well obviously the level two investigations going out so. you know companies are moving away from diesel but in the short term they are. pushing election vehicles you know to only to a certain extent equally tesla's by far leading the the push ahead back consumers they was going to be like for us driving electric because right broaden the traditional gas guzzler will see. experience going to be like i mean do people are you make one the actual performance of lecture cars is better faster zero to sixty time. ideas can be like give getting used to plugging your cell phones everywhere right i mean what you get you into that habit into action being behind the wheel. is really no difference the question is will there be enough places to charge will be easy enough remember with fast charging. you could basing it almost a full charge in about you know the eighty fe thousand vehicles sold this year. to millions of vehicles and and what happens if they you know we have serious grip problem s. no i it's gonna require more money more infrastructure mor

if you own a fiat chrysler .. your car might be on the recall list too.we'll tell you which vehicles are affected. those stories and more are ahead. but right now ... let's get back to the news at five. (vicki) in florida a massive sinkhole has swallowed two homes... and forced several evacuations in a neighborhood.(vicki) you are looking at an aerial view of the large sinkhole in pasco county, florida. once the sinkhole developed... it grew within minutes reaching up to 2-hundred and 50-feet wide and 50-feet deep. 11 homes nearby had to be evacuated and now officials say two entire homes have been swallowed by the sinkhole.

fiat chrysler, which is not reported, looks to be up about 3%.es of the things that make real money. david: it is softer, which is the headline, but on the other hand, i saw a report that they are on track to have the fourth highest year of sales in history. so it is not bad. is a: no it's not, this solid sales level, everyone can make money at this level of sales. the issue that has been hitting auto stocks all year long is the market looks at this and says we have seen the big growth, we've seen the big profits, maybe those best days are behind us. today you are seeing a little bit of a bounce because it looks like the car companies are not chasing market share, not chasing gains with heavy discounts, dumping cars into rental fleets, just kind of playing demand for what is out there, the cup trucks and suvs in which means money. down: fiat chrysler is 7.4%, the estimate was down 7.9%. so a little bit better than the estimates. now it looks like gm is the only one that missed estimates. david: you are seeing the same thing. if fiat chrysler is d

may be a down month over all the declines we are seeing are pretty substantial from gm, ford, fiat chryslert not as bad as anticipated. as you see the reaction in the markets, even gm, which had the big mess, their shares are up, too. what investors are liking is a little bit of discipline on incentives, not eating into their margins, and especially the mix shift. the shift of light trucks and suvs, that is where automakers make their money, especially u.s. automakers. that is the overriding theme of the sales, why investors are so bullish today. u.s. hearing from ford's sales chief, says the industry has he can and it is not likely to top last year. is that a view held by all of their peers? jamie: absolutely. the big issue is are we going to be able to stay at a pretty high level? record, 17.6 million. can we say around 16.5, 17 million, with a heavy truck mix, that will be profitable and healthy. or are we starting toward a traditional cyclical downturn that will take three or 4 million units out of sales and really put everyone's profits under pressure? this year, things look pretty goo

substantial from gm, ford , -- the declines we are seeing are pretty substantial from gm, ford, fiat chryslerare what investors are really liking is a little bit of discipline on the incentives. they are not eating into their margins. lightpecially the mix of trucks and pickups and suvs, that is where automakers make their money, and where u.s. automakers make their money especially. that is the overriding theme of the sales. that is why investors are so bullish today. ♪ executives former appeared in london today, facing allegations dating back to the 2008 financial crisis. what happened in court today? >> they had the charges read out to the defenders and decide on bail. the judge decided that jenkins must pay 500,000 pounds. because he is based in malibu, it is obviously a heightened risk for flight. they were also asked if they wanted to indicate a plea at this stage. that is not a formal arrangement, but they can give an indication. all four indicated they would plead not guilty. anchor: hsbc is said to approach peter hancock as a possible future ceo. >> he claims to have invented the der

meanwhile, fiat chrysler has announced two separate recalls which effects more than million vehicles.st, the dodge journey, 2011 through 2015 models because of a wiring issue that could cause the driver side air being to actually deploy unexpectedly. the secon of a fire risk. the chrysler 300 dodge charger and challenger and dodge durango. model years 2011 to 2014. plus the jeep grand cherokee 2012 through 2014. you can find all of these recalls and a lot more information on these on our nbc washington app just want to search call recalls, back to you. >> before the only cure was a bone marrow transplant, finding a perfect match could take years. they know about the firsthand. she spent years waiting for a match, until doctors at children's national medical center tried a half match procedure. now, she's got her whole life ahead of her. >> no more, you know, being afraid to get in the pool with you know, some problems. >> normally, the immune cells will attack. with this procedure, doctors take out the donor's immune cells. >> now has her whole life ahead of them. >> coming up more co

fiat chrysler reported a seven percent decline. analysts are seeing a pattern...ales in the united states have lagged behind 20-16 levels every month this year. if that performance continues, this year will mark the first since 20-09 that industry-wide sales declined. (steve) tesla is set to release its first mass market electronic vehicle this week. company c-e-o elon musk tweeted that the model three has passed all of its requirements. the first one is expected to be finished friday. the palo alto based company plans to produce 100 versions in august, and 20- thousand in december. pre-orders for these cars were opened about a year ago and there's a huge backlog. more than 300-thousand people have already placed a deposit, according to musk. these electronic vehicles have a pricetag of 35-thousand dollars... less than the previous models. (pam) if you're concerned about your packages being stolen from your apartment lobby or front porch, you can install a web cam which will help you identify the thieves. but, you still lose your package.. now, there is another te

fiat chrysler up 4%. general motors up all beating estimates.t their highest since march, especially for general motors. one company that was on the downward trend is your modern day electric car stock. that is tesla, down 2.5%. the closinge after bell which was at 1:00 p.m. eastern today. it announced that there were 22,000 cars that were shipped versus 25,000 in the first quarter. not enough battery packs. we will see how shares react to this when we open again on wednesday. about another day -- day in a have to go. haidi: thank you for that. have rescuedks u.s. auto sales again as remy was just touching on a few minutes ago. it is unlikely 2017 will match last year's record. manufacturers still selling expense trucks and sport utility vehicles. that is good news for investors. let's take a deeper look at the numbers. we are managing expectations, but things are looking up. were down 3%.les ford and gm were down 5% each area the market love it. this is counterintuitive because auto stocks have been beaten up of the past five months -- really t

say good-bye to dodge viper, fiat chrysler saying it's shutting down detroit plant where the american sports car made. auto maker will no longer build the viper after the 2017 model and looking for a place to park your viper or any car? it's cost ago lot of time and money and motorists spend 17 hours a year searching for parking spots casting drivers $345 234 lost fuel and emissions. drive around and around looking. that's business. at's business. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. fast internet and add phone and tv now for only $24.90 more per month. our lowest price ever on this offer. but only for a limited time. call today. comcast business. built for business. snv his hosts of cooking competition show, "the f word" and owner of stripping of successful restaurants around the world.

.>>> fiat chrysler issued to recalls affecting more than 1.3 million cars worldwide.m could cause the airbags to inflate unexpectedly. some of the models are affected with antilock brakes. the first problem affects more than 771,000 dodge journeys and fiat fremont suvs from 2011 through 2015. the second problem affects less than hundred thousand chrysler 300, dodge challengers and durango suvs. from the years 2011 through 2014. honda is recalling 1.2 million cars because of a problem with its battery sensor. the company says the sensor can short out and potentially cause a fire. the recall covers honda accords from 2013 through 2016. honda says, there had been four reports of compartment fires due to a problem. nobody has been injured>>> 12 days of celebrating music and nature has returned to golden gate park. this is the third year of tall pianos they are around the botanical gardens. martin holston takes us to the event.[music playing] >> this is the flower pml. we have 12 pianos spread throughout the gardens. 55 acres for 12 days.[music playing] there are two gentl

. >>> fiat chrysler issue two recalls affecting more than 1.3 million cars worldwide. a wiring problem can cause the airbags to inflate unexpectedly and some of the models and another problem affects the antilock brakes. the first problem affects more than 771,000 dodge journey and fiat fremont suv from 2011 through 2015. the second problem affects almost 600,000 chrysler 300, dodge challengers and durango -- durango suvs from 2011 through 2014. >>> the justice department has taken down a healthcare for -- fraud scam that totaled more than $1 billion. hell -- thousands of healthcare providers have been suspended and arrested. here are the details. >> we are sending a clear message to criminals across this country. we will find you. we will bring you to justice, and you will pay a very high price for what you have done. >> reporter: it was a largest healthcare fraud takedown and u.s. history. 412 defendants charged including 56 doctors, caught any web of deceit and greed that the was attorney general said cost american taxpayers over $1 billion and ruined countless live

. >>> new this morning, fiat chrysler is recalling millions of cars and yours may be on the recall listit covers dodge journey vans, model years 2011 through 2015. there's a wiring issue that can cause the driver side air bag to deploy, tun on windshield wipers, and affect how different switches work. some of the vans have alternator problems that could spark a fire. >>> loudoun county is on top again when it comes to the richest county in the united states. forbes magazine looked at information from the census bureau and found the average household income is just below $126,000. close to 10,000 residents there commute into the district for work. falls church is a pretty close second. other very wealthy d.c. suburbs are fairfax, arlington, and howard county in maryland. >>> your kids may have begged to visit this museum on the national mall, but now the naal >> yeah, news4's top sherwood is looking into the new efforts to protect its priceless exhibits. >> reporter: nearly 9 million people a year visit the air and space museum. all get excited, like 8-year-old benjamin carter. >> i like

got fiat chrysler today then added to a united position because it continues to be paper out there. the amazing story b about united is just think back to that whole issue with the passengers and all the rest of it and look at where that stock is now at $80 a share. it's inexpensive oil prices are at the right area for them for growth and i think delta has more upside. >> for more, check out the full show friday, 5:30 coming up, volatility hovering near its lowest level in decades. nancy davis will join us to explain why she doesn't think the trend will last. how she plans on making money when it ends you're watching "fast money" on cnbc here's what else is coming up on fast >> that's what the chip stocks have been doing and a top technician has two names he says will keep leading the way. he'll be here to break down those names. plus -- -- pete is stepping up to the pitcher's moupd to convince the traders he has the best stock pitch yet but will they pla ay ball? much more "fast money" still ahead. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can t

fiat chrysler fell 7%. that's the industry's sixth straight month of falling sales.st yearly decline since the financial crisis. a few reasons for the slump -- low gas prices mean consumers are opting for suvs over smaller cars. new cars are priced higher, and rental agencies are buying less. mainly many experts think sales have peaked. auto sales are an important driver for the broader u.s. economy. and the industry has seen seven years of growth. look at that. hitting record numbers of sales as automakers raked in billions in profit. now sales are pulling back from those highs. just as president trump is counting on the industry to add more jobs, pushing carmakers to import fewer and produce more in the u.s. however, auto makers are trimming. >>> the environmental protection agency reviewing legal options after court ruling that the administrator overstepped his authority by trying to delay implementation of an obama-era requirement for companies to monitor and reduce methane and smog-forming pollutants. the decision seen as a blow to the trump administration's bro

fiat chrysler fell more than 7%, while ford and g.m. were down roughly 5%.nwhile, korean automaker hyundai posted a 19% loss. analysts say a downturn was expected after last year's record sales numbers. wall street cut short its trading day, ahead of the fourth of july, but banks and energy companies made the most of it. they led the dow jones industrial average higher, adding 129 points to close at 21,479. the nasdaq fell 30 points, and the s&p 500 gained five. and, on the eve of the fourth of july, there's new evidence that americans need to brush up on their history. in a newshour/npr/marist poll, only 77% correctly said the united states won independence from britain. the rest were unsure or named another country, including russia and afghanistan. even fewer, only 69%, knew the american colonies declared their independence in the year 1776. still to come on the newshour: the march of dimes president on replacing obamacare. a new report highlighting the broad reach of the opioid epidemic. are americans less civil since president trump took office? a newsh

fiat-chrysler still planning to add thousands of jobs in america as well. >> the food network may gety at the dinner table. discovery communications is buying scripps networks in a proposed deal worth $12 billion. discovery com owns tlc and animal planet. scripps owns food network and hgtv. if approved they'll house five of the top paying tv networks for women. it would make more bundle options for cable subscribers. >>> summer olympics coming back to the u.s. but not for 11 years. tonight los angeles officials are expected to announce the deal that brings the games to the united states in that 2028. that would clear the way for paris to host the 2024 games after paris was passed over twice. paris and l.a. will be the second and third cities to host the olympics for a third time each right behind london. >> all right, much more still ahead on "action news" at 5:00 tonight. a check that of forecast for you. >> let's take you live right now sky6 hd showing you the beautiful commodore barry bridge, blue skies, puffy clouds above. meteorologist cecily tynan with that exclusive accuweather

. >>> fiat chrysler is recalling more than 1.3 million vehicles around the world.here are actually two recalls. the first involving vehicles' alternators which could catch fire in several models of the chrysler 300, the dodge challenger, charger, durango and jeep cherokee. the second is for a wiring problem that could cause the driver's side air bag to inflate in dodge journey modesl from 2011 to 2015. >>> this from michigan near ann arbor, a home surveillance camera capturing a stolen car barreling into a tree. you see it there running over the front lawn of the house in pitsfield township. at least four people were spotted crawling away from the wreckage and running away. the suspects there still being sought in michigan. >>> and finally, president bill clinton, former president bill clinton gets caught peeking between the bushes literally. check this out. you see him poking his head out there between two statues. those are not the actual presidents, george w. bush -- >> thank you for clarifying that, ron. >> -- and his father -- for accuracy -- and george h.w. b

rd, fiat chrysler, toyota and nissan. investors pushed shares higher.and sales contracted there too. there is still demand for higher margin suvs and pickups pretty much across the board. 3.5 month price is a high. tesla closed at a session low and there is an is there is a shortage of battery packs to coding cars -- to go in cars. coming up, we are talking brexit, a sales merger. ♪ rashaad: almost 10:00 a.m. in hong kong and over in singapore it is 10:00 on the evening before independence day in new york. haidi: we are in sydney, this is "bloomberg markets asia." ♪ seeing lots nasdaq of companies either take on or died. apple has rose 350%. haidi: asian markets are extending wall street's rally. we have financials, energy surging here in sydney. shinzo abe under mounting pressure after bruising defeats in turkey. that may mean the end of some divisive policies. haidi: in moscow, china and russia say they are getting along famously. washington is warned about new negativity. at the be looking special relationship, the trump bromance, if you will. in aus

with that said, ford, fiat chrysler, and toyota all beat estimates. off the highs of course.ar, sales took a hit because of a battery shortage. the that be a problem for model three sedan production that will start on friday? ramy: looking at the share price it looks like it might be the ond -- case, it is down 2.5% monday. this might be the bottleneck when it comes to pushing new tesla models out. for the second quarter, they came in at 22,000 cars that were shipped. that is already notably down 3000 cars from the first quarter. that could way on the share price when we start trading on wednesday. also note for the first half brought it also towards the lower end of the estimate, between 47-50,000. yvonne: rainey innocencio a wrapup of u.s. car sales. still ahead, readings on global manufacturing gauges to talk about. but i change how central banks think about their policies. we will have analysis coming up. this is bloomberg. ♪ quite blue ing singapore. on yvonne man in hong kong. betty: looks gorgeous. i'm betty liu in new york. you are watching "daybreak asia." ramy: chin

keep that in mind although you had better than expected numbers from toyota ford and fiat chrysler they sales rate that we'll get later on today will come in at 16.6 or 16.7 million vehicles as we take a look at this chart it showed the annual sales pace compare that with where we were last year and the year before at 17.5 million june on pace to be the 4th straight month with sales. elon musk tweeting that model 3 production begins on friday of this week with first delivery scheduled for later this month and then they ramp up production ultimately hitting a pace of 20,000 vehicles by the end of december and because of that, take a look at shares of tesla and a little bit of a bounce today. guys this is a very busy second half for tesla i love this chart because it shows no comparison between tesla and the s&p 500 this year. so a busy day in the auto sector guys we'll get the full auto sales rate number later on today >> we take a look at the top sectors. tech and health care leading the charge in the first half worst performing sectors energy and telecom. the second half play book on

fiat chrysler figures coming out second-quarter adjusted and line with expectations -- and line -- inok at driverless cars are we 15 years away from that? is google going to be my driving person? robert: one strategy we had at chrysler was to provide the amenities and comfort as if you were sitting in your favorite room, whether it was ,nvironmental, acoustics regardless. i think there is more road to be achieved in driving innovation and technology into the car, not in lieu of a town was cars and so on, but there is a lot of fit, finish, and amenities that meet the desire of the consumers today. tom: thank you, so much. we will see you at 7:00 a.m. out with earnings, straightforward. let me show you exactly how i bring up tv you go to tv at your trading desk, the gerbil works, , and up away madly comes the tv screen of the present tense. what is valuable is you can go back and be dazzled by bob nardelli and richard clarida on pricing power. this is bloomberg. ♪ tom: "bloomberg surveillance." charge,t a single best the united kingdom insulation, governor carney is worried ab

last year three of the four were up relative to estimates, that's toyota, that's also ford and fiat chryslerjust a little bit better than expectations but underneath these headline numbers, the sales really were not terrible you've got to look at the retail sales. and in that area, pickups and suvs remain strong average transaction price, that's what we pay when we're at the dealership, it was up slightly compared to last year, at almost $34,500. and then the june sales pace estimate this always gets a lot of attention. we'll find out the final number a little later on today. supposed to come in at 16.6, $16.7 million. put all of this together and that's one reason why you have the auto stocks moving pretty -- a nice pop today, especially general motors and ford. keep in mind, these guys have been beaten down they have not been rallying with the rest of the market over the last six months, so this is welcome to ford investors and to general motors investors now to the tesla story and a series of tweets that came out late last night from ceo elon musk. the one that got a lot of attention is w

auto sales for ford, general motors and fiat chrysler were down last month.up, personal spending was up one 10 to the of a percent. >> consumers aren't spending and saving now and you don't want to see that happen if you want to increase gdp. dagen: we talk about this add nauseam. we heard this from ben bernanke. please, you people who govern this nation, lawmakers, need to do something on tax reform, you need to do something on health care reform, so now you're getting into a situation where there's an even greater burden on the very lawmakers as the federal reserve is going to start pulling away, the economy start teetering and then you have no action down in washington, d.c. that's unthinkable. maria: if we only have fiscal policy, we may very well see things take a negative turn. we have the adp number out in you should two hours, expected to see 185,000 jobs added to the economy and 177,000 jobs added to the economy with unemployment rate holding steady at 4.3%. in terms of this report, what do you think is going to show. i thought it was really interest

check the share price of fiat chrysler.l new diesel vehicles blues not much impact, 1.5% higher for the stock. first solar, demand for solar panels up, giving an upbeat forecast, deutsche bank raised its forecast up a solid 9%. we expect more details of the gop tax reform plan today. we know the border adjustment tax is out. our next guest is one of the people who writes the tax code, he does write it loses name is kevin brady and he is chair of the tax-writing committee and the congressman joins us now. welcome back to the program. good to see you on a particularly important day. why should we have any confidence that you can get tax reform done or even a minor league tax cut done when you can't do anything about obamacare? >> last night's action was awfully disappointing. healthcare is still clashing around. i am always hopeful the senate can give us direction on what the next steps are but i can tell you this on tax reform, this joint statement from donald trump's team, when we are unified now behind a bold tax reform pl

. >> just crossing fiat chrysler june sales down 7% compared to june of last year. up. remember, again, wall street is expecting lower year over year sales so that's not hurting stocks as of yet. in the meantime, illinois in real bad shape. that might be an understatement and the state votes now to raise taxes. jeff flock joins us from chicago. is the governor, who is a republican, going to veto this, jeff? >> oh, absolutely. i think he absolutely will. he said he would yesterday. you know, he didn't get any of the reforms he wanted, charles. he said he would agree to a tax increase if they reformed the pension system, if they reformed the workers' compensation system. if they put a sunset provision in the tax increase. they he didn't get any of that. he said, yeah, i'm going to veto this. the question is, do they have enough votes to override the veto. 15 republicans voted against the governor, essentially and voted for the tax increase, they said it's gone far enough. we're going to get downgraded if we don't get a budget by wednesday i think is the drop-dead that

ford, general motors, and fiat chrysler are all expected to report lower sales than they did in the june in 2016. toyota, though, is expected to post a small increase. >>> stocks to watch this morning. glaxosmithkline signed a $43 million deal with privately held compa baron says bristol-myers squibb is undervalued because of setbacks because of the immune oncology drug. the paper says investors appear to be ignoring the lucrative market >> and casino operators in macau such as wynn resorts could see a boost today after gaining revenue rose 25% in june compared to a year ago that marked the 11th straight monthly increase >> all right now to politics this is pretty interesting i think this is mike allen's scoop from axios steve bannon, steve ban be reportedly pushing a tax -- hard for me -- a tax hike, a tax hike on the wealthiest americans to pay for some steep work -- tax cuts on the middle and the working class. and this is classic bannon, populist, axios is reporting the president's adviser has told colleagues that he wants the top income tax bracket to, in his words, have a four, a f

fiat chrysler is issuing two separate recalls involving 1.3 million vehicles worldwide they involve potentialsks and inadvertent air bag deployment the company is aware of two potentially related accidents but no injuries. >>> and arconic is facing a deadly lawsuit over the grab fell towers last month shareholders are accuse the producer of defrauding the shareholders over the use of flammable panels, arconic declined to comment on the suit. >>> former microsoft ceo steve ballmer is now a big numbers guy. always was but in a different way. his latest project usa fact is an exhaustive database as government information as part of his aim to make the u.s. government more transparent. usa facts has launched its first poll on americans' desire for trusted facts and unbiased information and steve ballmer joins us now you launched on tax day, right perfect. >> we did. we did people want to know where their money goes >> and crashed, too, didn't it so many people wanted to look at it >> we had a little problem as i was sitting in this chair. that's exactly right but we're up -- >> the power of "squa

in terms of making cars, 2016, and 2017, the rate for the big three, detroit based fiat, chrysl chryslcrie chrysl chryslergeneral motors, actually down. again, the president's rhetoric is more optimistic than the actual numbers and this is a snapshop. end of the year maybe different. the president's cheerleading impression. a political risk getting too far ahead of yourself. >> another fun tidbit in the jobs report and car numbers, fascinating, a secretary of the economy that grew the most was health care. talking about re-inventing the health care but that's where the most jobs were added. something to keep an eye on. >>> a quick break. waiting, more than two hours president trump in the room with president vladimir putin. talking about syria, we know they're talking about ukraine. are they talking about election meddling? we hope to find out when that meeting breaks up. stay with us. theso when i need to book tant to mea hotel room,tion. i want someone that makes it easy. booking.com gets it. and with their price match, i know i'm getting the best price every time. visit booking.com. booking.yeah! >>> w

. >>> fiat chris letter issued two recalls -- chrysler issued two recalls.t can cause the air bags to inflate in some models and another problem affect it is brakes in other cars the first problem affects more than 771,000 dodge journeys and fiat freemont from the years 2011 through 2015. that second problem, affects some 600,000 chrysler 300s and dodge challenges and durango suffers from the model years 2011 through 2014. >> honda is recalling 1.2 million cars because of a problem with the battery senator the company says it can short out and potentially cause a fire. the recall covers honda accord prosecuting the 2013 and 2016 model years. honda says they there have been reportsover engine fires and no one was hurt. >>> all right. our time is now 7:57. we're still following the latest developments from sonomaom. what we're finding out about the small plane crash, the deadly crash and the connection to a prominent san francisco family. >>> also we will dig deeper into the housing market, the reason some people are having to overbid by as much as 200,000 dol

fiat is recalling more than 1.3 million vehicles around the world. they're actually two recalls. the first involving vehicles' alternators which could catch fire in several models of the chrysler 300, dodge challenger durango and jeep cherokee and another is a wiring problem that could cause the side air bag to inflate. >>> this from michigan near ann arbor, a home surveillance camera capturing a stolen car barrel nothing a tree. you see it there running over the front lawn of the house in pitsfield township. at least four were spotted crawling away from the wreckage and running away. the suspects, they are still being sought in michigan. >>> finally, president bill clinton, former president bill clinton gets caught peeking between the bushes. literally. check this out. you see him poking his head out there between two statues. those are not the actual presidents. george w. bush -- >> thank you for clarifying? >> accuracy and george h.w. bush during a visit to the george w. bush presidential center near dallas, texas. clinton's presidency, of course, sandwiched like you see him there beten kind of cool. >> tell you a lot about american politics. so much -- if you go back to th