fiat chrysler sales fell 11%. gm sales grew by 7.5%, beating estimates. investors seem to be pretty pleased. it will be interesting to see in the month of september a toll of harvey is on car sales. 2.3% does come from texas. we will be reporting from that in a little bit. finally, rounding it out, let's go into the bloomberg. divergence,at that difference between what is happening in the real world perhaps relative to some of the fears and economic stress. print, ands good ism that is probably what the bulls are happy about. this is a longer-term chart. in the blue we have the s&p 500, on the bottom the merrill lynch investor stress index. when it goes higher, there is investor stress. we see when we had that volatility, it was very high. started to climb earlier this week. some believe this could pop higher, but it is starting to go back down. one point to pay attention to, in 2011, it went very high, that was around the debt ceiling crisis. if the debt ceiling is not raised, let's see if this index is higher in the weeks ahead. mark: this is an intrada

because he has not received any approach or offer for all of fiat chrysler. promoting its chief medical officer to be its new executive. narasimhan is a harvard-trained doctor who will be taking over for josÉ jimenez. that is your latest bloomberg business flash. coming up with all the focus on the euro and the ecb this week, how has the euro fared against other currency, including the swiss franc among the polish zloty, and the swedish krona? it is all about the yen and the swiss franc. they are the havens of choice today. this is bloomberg. ♪ mark: live from london, i am mark barton. this is the "european close" on "bloomberg markets." more around the globe, vicious what is for dinner. the average person eats 40 pounds a year, double the level of the 1960's. fishing is taking a heavy toll on the ocean population. >> fish is a heavy resource, large numbers can be caught with little to no effect on the population. at least that is supposed to be the case. today, about 90% of the world's areing grounds overexploited, risking total collapse. for nearly 20% of t

drink your fiat chrysler can catch fire. "fbn:am" starts right now. cheryl: 5:31 a.m. aired wednesday, september 20th. good morning, cheryl casone. lauren: good morning. i'm lauren simonetti. overwhelmed by the weather recently. lauren: over and over again. breaking news this morning. maria is about to make landfall of puerto rico as a catastrophic categories are formed with sustained winds of 155 miles an hour as i speak. the most powerful hurricane to directly to puerto rico in 85 years. trade to the governor puerto rico saying more than 10,000 people already in shelters. expected to dump 10 to 15 inches of rain in the storm surge could raise water levels anywhere from six to nine feet. first responders from the united states mainland are now in puerto rico ahead of maria. >> it is life safety first. we will do a quick assessment and i need the organization to figure out where the more damaged areas are and do us much good quickly because time is at the essence. trade to president lauren: device device may puerto rico being hit hard by monster hurricanes. be careful,

. >>> fiat chrysler is recalling pickup trucks. the problem is an overheating water pump that co fire. ram 2500 and 3500 trucks from the 2013 to 2017 model years are covered, specifically, though, pickups with a 6.7- liter diesel engine. fiat chrysler will respect and replace the water pump if necessary. >>> tracking the tropics. it is a monster still. take a look at this view of hurricane maria from the international space station. the video was shot yesterday as the powerful storm churned through the caribbean before it passed over puerto rico and the virgin islands. tuesday morning maria battered the french island of guadalupe. at least two deaths are reported. >>> and, again, where is it now and where is it going? >> looks like it's just emerging off the puerto rican coast and will head potentially towards the turks and caicos, and we're hoping just east of that, and staying just far enough north of the dominican republic that damage there will be minimal. but puerto rico a direct hit, and we're enjoying beautiful weather. harv

fiat chrysler says there are a few fires. >> calls will accept some is on returns. >> they are not rulingtionwide yet. only 82 stores in la and chicago, some of the items on amazon, comes after they announced they will be selling amazon devices like the eco. and they hope this will bring more foot traffic. they have seen a decline in sales, sales really falling there. >> we are talking free coffee. >> what better way to celebrate national coffee day which is tomorrow. you get a free coffee when you order medium large or extra-large coffee so get an extra one for yourself or a friend. a little better than the coffee i made myself this morning. it is 25 minutes after the top of the hour, donald trump catching the world's attention with his un debut. >> i thought it was very dark, dangerous, not the kind of message the leader of the greatest nation in the world should be delivering. rob: live report on the president's speech coming up, stay tuned. a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's something better th

fiat chrysler will notify consumers. >>> jimmy kimmel really went in blasting republican senator bill cassidy for what the host felt was a flat-out lie about the current republican health care proposal. >> these were his words. he says he wants coverage for all, no discrimination based on pre-existing conditions, lower premiums for middle class families and no lifetime caps. and, guess what, the new bill does none of those things. health care is complicated. it's boring. i don't want to talk about it. the details are confusing and that's what they are relying on. most of the congress people whot read it and they want to us do the same thing, treat it like an itunesan t shis erceguy, bill cd right to my face. >> kimmel contends the republicans' proposal doesn't match promises cassidy made in an appearance earlier this year. kimmel made an emotional plea for affordable coverage for everyone after announcing his newborn son needed lifesaving heart surgery. so senator cassidy issues a statement and responds to kimmel's monologue about what he and other senators are doing in regards to hea

why is fiat chrysler up 60% in the last three months? because everybody believes sergio marccione will make some type of a deal to sell the company, merge with an another automaker or potentially a tech firm, potentially with a chinese oug automaker. if you're a general motors investors, you finally have a little momentum. we haven't seen this since the ipo in 2010. i remember back then, melissa, the day of the ipo, how many people said no doubt this stock will be up to 50 or $60 in a couple of months that's not been the case >> no, it has not. phil, thank you, phil lebeau in chicago. we've had a couple of gm investors. hold on to it. >> hold on to it i think the multiple here, all the reasons i like to be for the multiple, just ridiculously low. i think what has happened, and i think it's a good thing, is auto sales peaked and everyone was afraid, what's going to happen to gm after auto sales peaked. >> and they continue to reaffirm >> and we've seen good traction. i still like it and am holding onto it. >> gm's got a big problem. it's

next at 5:00, new information about a recall coming from fiat chrysler. >> jimmy kimmel goes after asenator is now respondi oris >>> and i'm still track that go breaking news. a deadly fire firefighters tweeting about it. firefighters tweeting about it. >>> good morning, south bay. let's get up and get going. >> this is abc 7 mornings. >>> good morning. coming up on 5:00 a.m. a lot going on this morning, tracking what's happening with hurricane maria, looking at the recovery in mexico after the massive earthqua earthquake. there's a ton to talk about. >> jessica, of course, tracking a whole lot of that for us. busy morning. alexis looking at the roads, and mike nicco bringing us a good forecast. >> for us, absolutely. we'll talk about maria. the winds are blowing ashore. that means cooler weather today. so far it's dry outside as we're waiting for that cold front to roll down. look at the lack of clouds on the exploratorium. temperatures running from about 57 to 62. we'll be 63 to 69 at noon with increasing clouds. a stray shower, some sprinkles out there and then by 4:00, 64 at the

suv sales helped general motors and volkswagen see a sales jump last month, but not so much for fiat chrysler, and mazda. there was a $365 million class action settlement. those with defective airbags could get up to $500 each. they may also be eligible to get their cars fixed. >>> americans are getting in the winter holiday spirit early. a new bankrate.com survey shows 14 million americans have already booked hotels or bought plane tickets for travel in november and december, but airfare tracker hopper says the early birds may not get the best deals. they say the ideal time to buy is early october, and thanksgiving prices usually stay steady throw halloween. that's your "moneywatch." for more go to cbsnews.com. in new york, i'm nikki battiste. >>> still ahead, running on empty. we'll take you to beaumont, texas, where residents hit by harvey are struggling to find basic necessities. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the all new 2018 camry. toyota. let's go places. immigrants brought to the u-s as children... details on the last-ditch effort to save "daca". another day of dangerous conditions expected here in

ford, fiat, chrysler. the damage from hurricane party will not delay major automakers from their deliveries and inventory. that is a positive going forward. let's go to the bloomberg, g -- 7524.elp me out volumetook all of the averages together, the high average alone, it drops off toward where we are now, which is coming back in the september areas. this is a low point in terms of activity. it has to do with people being but lowvacation, volumes tell us there is not a lot of participation this particular week. we could see that play out in the way of the market reaction. haidi: if we can take our eye off of geopolitics, those earnings -- what are we looking ahead to? su: the u.s. services industry, one of the largest. it gives an eye into the world of economic recovery. let's look at some of the headlines here. economists are expecting interest rates to have ended at a faster pace. that will underscore steady growth in line. it is also, if you look at the fact that jobs data was not exactly where wall str

general motors, toyota, and volkswagen see a jump last month but not so good news for nissan, fiat, chrysler, ford, and honda, who saw purchases drop. >>> honda may lose more money after agreeing to a $605 million class-action settlement over faulty takata air bags. owners of 16.5 honda and acura vehicles with potentially defective air bags could get up to $500 each and may be eligible to get their cars fixed. >>> americans are in the holiday spirit early. 14million americans have already booked hotels or bought plane tickets in november. the ideal time to buy christmas ticketings is in early october and thanksgiving prices stay steady. that's your money watch report. for more, go to cbsmoneywatch.com. i'm nick by batiste. >> it's 5:41. >>> a number of officers find themselves in the middle of an unusual pursuit. details on the slow-moving cow chase. >>> as the california session winding down, major issues are unsettled. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast bus

fiat chrysler fell and honda also falling with gm and toyota posting gains.e top 10 market for new vehicle purchases is used in who lost nearly a week of selling days because of a hurricane. the aftermath of hurricane harvey. the latest revelation from wells fargo about millions of unauthorized accounts may jeopardize a $142 million class-action settlement which won preliminary approval in july the for the bank raised its fake account estimates by two thirds. lawyers for some customers are preparing written objections to the agreement. president trump will decide whether to block china back canyon bridge from semiconductor company after national security officials opposed the takeover. the deal is guy that $1.3 billion and canyon bridge will try to gain approval since agreeing to a deal last december and the president has 15 days to make a decision. that is related bloomberg business flash. faring, equities are here is a look with stocks up as investors shrugging off the weaker than expecting jobs report on numbers and wages appeared check out what is happeni

radios a ton of great assets that don't get respect right now within cbs think of this as being fiat chrysler when it spun after ferr ferrerry it's too small to be a new for fiat on but it own, per lawyer rhie -- ferrererer became a bigger stock intercom said there could be local cinergys that hadn't been broken out fifth and combine company is going to be a cash flow monster. they -- come and pay down a 20% special dividend just last month. intercom ceo told us, and i'm going to quote, the company will be well positioned to consider a larger difrd dend and create a share to pay down debt and for timeshare other uses, end quote. i really really like that the new intercom will combine the live events business of both companies. cbs radio has some fabulous live events the company has over 4500 a year, ranging from concerts to music festivals to speaker series i'm a big believer in the power of the experimental economy. we know from live nations, one of our favorites, the high -- intercom may be one of the best instagram plays around as the millennials love these concerts and are willing to pay

. >>> fiat chrysler hasn't received an offer and is not working on a deal, according to the ceo.ast month, their share price surged when the great wall motor expressed interest in a deal currently down 1.3% this morning. >>> and former racing driver considering a bid to buy back subsidiary after the merger six years ago. air berlin, second largest airline filed for bankruptcy last month. >>> and this is big news in switzerland. novartis ceo announced he will step down from his position at the swiss drug maker in 2018, replaced by chief developer in february he became ceo in 2010, leaves after successfully securing u.s. approval for new leukemia treatment which is expected to help offset declining sales. the company's pipeline puts it on a strong path for the future. reiterated confidence novartis will return to growth next year. speaking to cnbc in july, he was positive on the future of novartis >> business seems to be turning. i've said at the beginning of this year that we're reviewing that business for all options, including capital markets exit you can imagine that the busine

it affects models 2013 to 2017 you'll receive information from fiat chrysler if you have an affected a in the your dealer will fix or replace the water pump for free. >>> if you need to mack a return to amazon you might sdoon be able to do that as kohl's store. they are offering some instore amazon shops and will open in los angles and chicago later this month. kohl's will pack and ship amazon return items for free. no word if it will expand to other kohl's. >>> 5:25 let's hop over to the weather center with mike. >> hey, mike. >> good morning let's folking on weather 2340u. jose rotating off the coastline. winds 65. now a tropical storm. continuing to bring high surf and winds north and east. things gotten better for our beaches. clouds out early. conditions improve this afternoon. we should actually end up with a pretty sunny day today. 71 outside now. humidity down from the past several days. suburbs waking up to temperatures in the 50s. mannasas good morning 58 for you and winchester 9 and mar tipsburg good morning 58 and leonardtown 5. sun shrine through the afternoon. summer an

. >> fiat chrysler is recalling pacifica meny vans seatbelts in the second row can unb unbuckle. they're from 2017 and 2018. this recall comeing a day after the company called baca round a half million rams due to 235u89y water pump that could cause engine fires. that's business i'm david asmond. ♪ ♪ do you want to do a monster check? yes. no monsters. ♪ ♪ ♪ ♪ no monsters. nightly monster checks are how grant makes home his. and homegoods is what makes it all possible. amazing finds. always great prices. make home yours. when i was 3, children's national helped me beat the odds so i can play with my grandkids. so i can celebrate 50. when i was 14, they saved my heart so i could bring family together. so i can help cardiac patients just like me. so i can do what i love. so i can give back. so i can play in the junior olympics. so i can make plays. so i can do this. so i can race my friends. children's national didn't just help us grow up, they helped us grow up stronger. baa baa black sheep