chrysler, fiat chrysler -- this is in complete contrast. fiat chrysler may open a brand new suv plant in detroit. this according to dow jones news wires and sources. fiat chrysler will open, it will be an assembly factory in detroit but are they going to close other ones? we will find out more and we have the perfect person for this. bob nardelli who ran chrysler. he's probably calling his buddies. we will put him to work and find out more. >>> with the market closing in 48 minutes and the closing bell, still, we are down about 341 points for the dow. well, chip makers are diving. that's what happens when you arrest the cfo of that chinese tech giant that buys a huge amount of product from u.s. semiconductor companies. investors fleeing the sector as the u.s. prepares to extradite huawei's finance chief who was nabbed at the vancouver airport on december 1st on charges she violated iran sanctions. >>> intel and qualcomm are two of its biggest suppliers. they are moving lower right now followed by nvidia and advanced microdevices, along with

shares of fiat chrysler are up 3 and 2/3%, nice number there.gain sources are saying that fleet sales helped offset declining individual consumer sales, with gm, gm shares up nearly 2%. tesla did not report numbers today. the stock is getting a nice bump on news that china will hopefully soon lower tariffs 40% on american made cars down to again we don't know what the tariffs will be. hopefully they will be 0. tesla is jumping 2 1/2%. news of the reduced tariffs sparking hopes president trump might back down from threats to slap tariffs on european carmakers, bmw, volkswagen and daimler all jumping with bmw with the biggest move, up 4 1/2%. embattled general electric, after shares tumbled more than 25% last month, ge is starting off december on a pretty positive note, after barrons named it one of the top stocks to play in december. enter the barrons bounce. ge shares, they were up nearly 8% in earlier trade. still up 3 and 3/4 on trading volume. $70.78 per share, the best day since november 13th. there were a lot of people waiting to see maybe

>> yes, fiat chrysler reported to open a new assembly plant in detroit, report to detroit news the companyrevive a plant that has been shut down since 2012, the new plant would make the 3 row grand jeep cherokee for model year, fiat chrysler down year to date. cheryl: fake sneakers, is it kicks? lauren: another way of saying tennis shoes. tracee: i thought they said kicks. cheryl: you know how uncool i am. tracee: u.s. customs and border recently seized counterfeit, from china, the shipment contained more than 9,000 sneakers that were on road to chino, california. lauren: never boring when you're talking about the boring company, what's the latest on elon musk's company and underground tunnels. tracee: he tweeted, more than a tunnel opening will include moted but fully rote transport cars and ground to tunnel car elevators, delay from initial december 10th target date for opening of long-awaited test tunnel, they'll be elevators to transport cars at both ends of the mile walk tunnel, a way to beat traffic, that's what elon musk wants to do it. cheryl: he wants to do it, will he do it, than

fiat chrysler is said to be planning a detroit engine plant to build a new jeep.e are told the proposal is for factories to a symbol and update of the grand cherokee. fiat chrysler could add 100 to 400 new jobs by firing up the plant, which has been idle since 2012. . tesla is about to hit the road in europe with drivers soon able to buy the model three. the netherlands, norway, sweden, and switzerland and france will be the first to receive the cars. fans in the u.k. will have to wait as the company is concentrating on european markets that drive on the right. global group intends to push for equity debt restructuring by an alternative process. forers likely to file insolvency in a move that could wipe out existing shareholders and put the business at risk after regulators in singapore and announced a probe into accounts last month and followed up by saying it would not allow a new listing -- cryptocurrencies have a fresh found -- round of losses. bitcoin was taken to the lowest level since september 2017. the sec plans to make its etf ruling by february 27. that

. >>> fiat chrysler will build a new factory, ceo mary barra was meeting with lawmakers who were angry with the company's decision to close five north american plants and cut up to 15,000 jobs due to weak demand for passenger cars. >>> facebook is testing a new feature to let mer nt chas show off their wares in live videos. products and live videos and take payments or reservations through facebook messenger. the feature could help facebook gra grab more revenue outside of the ads in the news feed. >> think of something to create and celebrate on facebook. >> make it and sell it. frank, you can help brainstorm. >> always with the ideas. >>> coming up on "today in the bay," kari hall is tracking your weekend weather. >> as we start out today with sunshine and cool temperatures around the bay area. toward fremont, we'll be in the mid-40s. up to about 56 degrees at noon today. it will be a nice afternoon. we'll look at that forecast, and when our next rain arrives, coming up next. >>> and we have one person who has not yet opened their cash lane, that's why there's a little backup at the

the reason why, fiat chrysler needs the space.actories are far more efficient in terms of how much of the capacity is being used. as a result when you look at this it says it all. if you're general motors you plants not being used to their full capacity. you to close some of them and shore up the lack of capacity or lack of efficiency if you're fiat chrysler you're selling suvs, particularly jeeps at a record pace jeep will likely hit a million in sales this year 1 million vehicles for that brand alone. it meets the capacity. that's why we have confirmed to sources it will be building a new plant in detroit back to you. >> thank you very much we are going to continue this discussion let's bring in debbie who just finished meeting with them minutes ago. thank you very much for joining us i don't know if you caught the end of that report he was reporting on the appearance in front of you and your colleagues but also that they are building a new plant. are they sort of shaming gm as it were? >> yes obviously we are glad to hear they

a big announcement by fiat-chrysler the other day, they will be moving to michigan.ed three people at 3.7% unemployment. but they have to be brought in the legal way and we talk merit, we want to bring them in through merit. we want people who can love our country and people who can help our country. it is all very simple. to me it is simple. every american citizen is entitled to a safe comity and a secure border. in the audience today are three leaders, who are working to dismantle ms 13 over the past two years. they have have so much. they have done such an incredible job. been 13 members have charged and convicted just recently, despite being targeted for retaliation. these three patriots are u.s. trewilliger, -- where is a zach? i have heard great things about you. [applause] herndon police sergeant, claudio shaha. thank you, claudio. thank you very much. and, fairfax county police detective, ray best. thank you. thank you very much. president, nothing is more important than protecting the security of our nation and its citizens. so to every federal law enforceme

both gmac i should go through bankruptcy part of that the administration forced the marriage of fiat chrysler the italian auto company to control of question but had to meet benchmarks to get certain% stakes sticks of ownership in the o company. the biggest issue was in order to do this very fast restructuring it required that taxpayers to swap big chunks especially in the use of gm the loans for stock in the new company. the government came in with a huge amount of cash and said to the bankruptcy court, either agree to our deal, we will buy the company in essence, taxpayers will bite and we will basically did what creditors would pay because with so much money. u.s. tax biscay gm about $50 billion. canadian taxpayers about $10 billion. of that money taxpayers recovered about 40 billion. that's because the stock when taxpayers sold it was not worth as much as what taxpayers were owed. >> host: when did we sell that stock? do we still own any of that stock? >> guest: it took several years that was not until gm come first gm had an ipo and the government ended up selling out later in the obama

fiat chrysler thanks to the jeep brandes saw sump 17% last month. overall, 2018 sales are on track to top 17 million vehicles. a record four-year stretch for e u.s. auto industry. that strength is expected to continue through the end of the year. especially as automakers and dealers push year end sales promotions to bring re buyers into the philea l "nightly business report," chicago. >>> well, let's turn to karl brouwer to talk about the trade truce. he's the executive analyst at kelly blue book. >> great to be here. >> as it happens i was speaking with a soybean farmer in north dakota and he was pg out it's great that they want to when that's going h to happen because they have to make plans that go out much innger than 90 days and the auto industry is cer in the same boat, aren't they? >> that's exactly correct. kind of international issues and questions really tough for them. because the auto industry operates on a very long time frame. plans thy can take three years to reach fruition. and if things happen in those thre years, two years, that up

a big announcement from fiat chrysler the other day moving into michigan with a massive new plant.at 3.7% unemployment but they have to be brought in the legal way. and we'd talk marriage. we want it to come in through marriage. merit.we talk we want them to come in through merit. here in the audience today are three trailblazing leaders. to dismantle ms 13 over the past two years. they have done such an incredible job. members -- 29 ms 13 members have been convicted lately. these three patriots are u.s. wilijil. zach tru i have heard great things about you. claudia. thank you, claudia. and fairfax county police the decorative ray betz -- the tech detective ray betz. president, nothing is more important than protecting our nation and its citizens. to every law enforcement officer on the front line of that mission to the u.s. marshals, atf agent's come immigration agents,, fbi nda -- atf immigration officers, and atf officers, i say, keep up the great work. you know my administration will always have your back and will never let you down. moments in hazardous the high-speed chases a

and that lifted the shares of the maj auto makers gm, fiat chrysler >> now to washington and the remarkable oechl office meeting that played out onational television. the president was there with mike pence, along with congressional democratic leaders chuk schumer and nancy pelosi. on the agenda funding a border wall and a potential government sh down. as eamon javers reports no one could have predicted what happened next. >> for the first time since democrats won control of the house of representatives back in november speaker of the house designate nancy posi with her senate counterpassport chuck schumer cam to the white house to negotiate with president trump on keeping the government open but things went badlyrom the beginning starting with the moment in which ploels suggesteh any shut downwould be his fault. >> injury the american people recognize thatt we m keep government open. but a shut down is is not worthg anyt and that we should not have a trump shut down. did you say trump -- >> you have a white house. you have thesenate. you have the house of representatives. you have the vote

. >>> fiat chrysler plans to open a new the plant d inroit. the company will manufacture jeep suvs and has chosen a site reportedly. the facility will be the first w auto assembly line to open in detroit in 27 years. >>> though there are concerns about the outcome for the economy we report pts of th economy remain strong. including auto borrowing. new data sutws monthly loan payments are higher than ever, a growing numbers people borrowing at least $50,000 for a new vehicle. phil lebeau reports. >> reporter: americs growing love affair with bigger trucks, vs and crossovers means we are buying more vehicle was higherk st prices. so, we're bo borrowing more and spending more each month, repaying those loans. in the third quarter, the average auto loan hit aor r of just under $31,000. with theay average monthlynt for a new vehicle climbing to an all-time high of $530. and the average used vehiclelo payment also hit a1. record at $ >> if you've been out of the market for five or six years, then these numbers can be rprising but for the average con

announced they were ending production in ohio and michigan laying down 15,000 people, shares of fiat chrysler down 8% for the year. well, america saying its final good-bye to george h.w. bush yesterday, his casket aboard 4141 train that carried him to final resting place, he got a big texas welcome home yesterday and texas a&m, 21 jet flyover to honor 41st president, bush enlisted in the navy at 18 year's old, he was finally layed to rest with private service with family attending. maria: beautiful. a great tribute to a great man, cheryl, thank you, coming up oil slick, extending losses as opec talks with no deal in sight. comedy cut, kevin hart pulls out of being oscar's host of backlash over decade old tweets, we will tell you what happened, stay with us. ♪ ♪ the greatest wish of all... is one that brings us together. the lincoln wish list event is here. sign and drive off in a new lincoln with $0 down, $0 due at signing, and a complimentary first month's payment. only at your lincoln dealer. and a complimentary first month's payment. moving? that's harder now because of psoriatic arthritis

fiat—chrysler automobiles is reportedly planning to open an assembly plant in detroit.us media, the plant would start producing itsjeep sports utility vehicles in 2020, and create up to 400 jobs. the us—italian car—maker has not confirmed the plans. china's main equity market indexes ended flat in thin trade. trading volumes down by about a third. investors remain cautious after the arrest of a senior huawei executive sparked a global sell—off. after the furious selling of the past two days, there was some optimism after a report said the federal reserve could slow down its pace of interest rate hikes next year, providing some much—needed relief to under—pressure dealers. the general mood across trading floors is of unease, just days after the euphoria of donald trump's tariffs ceasefire deal with china's xi jinping at the g20 that put the row off for 90 days while they try to resolve the crisis. let's hear about what is ahead on wall street today. if you tuned into any market commentary this week, you will know that for all the strength of the us economy, some investor

they are all coming information big announcement by fiat-chrysler.ng into michigan with a massive new plant. we need people at 3.7% unemployment. but they have to be brought in the legal way. we talk merit. we want to bring them in through merit. we want people that can love our country and people that can help our country. it is all very simple. to me it is very simple. every american citizen is entitled to a safe community and a skura border. here in the audience today are three trail blazing leaders who are working to dismantle m.s. 13 over past two years. they have helped so much. they have done such an incredible job. 29 m.s.-13 members have been charged and quick the just recently despite being targeted for retaliation. these three patriots are u.s. jer.rney zach terwilli where is zach? there he is. [applause] president trump: heard great things about you. herndon police sergeant. claudia. thank you very much. [applause] president trump: and fairfax county police detective ray betts. thank you all very much. as president nothing is more importa

. >> meanwhile fiat chrysler is opening a new plant in detroit. the plant will produce three row jeep grand cherokees. a former engine plant to make the suvs. >>> 5:14 this morning gas prices are at the lowest of the year. aaa says the national average is now 2.$45 and can drop to 2.$40 by the edrinnia and hawaii are paying the most and while the cheapest prices are in missouri and south carolina. the crude supply growing faster than anticipated. >>> the cityamic hill are crumbling and filledhe eensy next year and some residents say they're fed up. >> look at this. it's very bumpy and especially after the rain it's impossible even to walk. yeah, getting muddy. our street is not lighted and it is dark. you can just walk right into the puddles. >> according to city officials the delay is due to a high turnover of staff in the public works department and highly competitive construction market. the berkley mayor's office had this to say. it is unfortunate that a culmination of multiple factors has led to this situation and we are moving forward with p

news parent company share common ownership, and "the wall street journal" has just alerted that fiat chrysler brand-new plant in detroit itself. and that plant will manufacture a new suv. this is the first new auto plant in the united states from a major manufacturing stomach manufacturer in more than a decade. closing some plans, they have announced that it will. moving six or 7,000 jobs. they are opening a new one in detroit to make suvs. expect that news on your phone presently. the pentagon reports it's carried out an observation mission over ukraine. the reason? it is in response to russia's unprovoked attack on ukrainian naval ships last month. an unarmed air force reconnaissance plane flew over the country for the first time since 2014. that's when the russian president, vladimir putin, invaded and it took over the crimean peninsula. the pentagon officials calling this omission "extraordinary." our national security correspondent, jennifer griffin, reporting live from the pentagon. >> we will give you an idea how unusual this was. the observation plane took off from the air force base

. >>> it has been a rough year for the big three automakers as well ford, gm, fiat chrysler all hittinghe skids in the back half of 2018 will these stocks turn around in the new year here is phil lebeau with your 2019 auto playbook >> 2019 could be a bumpy one for the auto industry. first expect auto sales to finally hit the brakes after the best four-year stretch of auto sales in u.s. history, americans have bought more than 50 million new vehicles and many believe the market is saturated. that may be, but as of now buyers cannot get enough trucks, suvs and crossovers. next year, smaller pickup trucks will see bigger demand ford is bringing back the ranger, jeep gets back into the pick jaup ga pickup game with the gladiators. buyers clearly want smaller pickups. finally the headlines will keep coming next year from the must-watched executive in the auto world, elon musk. his model 3 production push paid off with tesla turning a profit. and he's not slowing down. next year he's focused on ramping up sales in china and racing to build a plant in shanghai he'll make plenty of news touting

fiat chrysler's going to open a new factory in detroit.p suv. they are going to hire thousands of workers. there's no word yet on when it's going to open. chrysler's stock is down a little bit. ain't that a good move, though, as gm is closing things down? let's get to that chaos in europe. they're bracing for more riots in france this weekend. paris will be virtually shut down. the eiffel tower, closed. the louevre, home of the mona lisa, closed. >>> now look at britain. looks like theresa may's brexit plan is going to fail. they could, could, crash out of the european union. as for italy, they've got a huge budget fight with the rest of their european compatriots. >>> steve hilton is with us, former strategy director for prime minister david cameron. it looks to me like europe is unravelling. i know we have been through this before, but to me, the unravelling process is speeding up. what do you say? >> i think that's right. it's really coming to a head but i think fundamentally, for good reasons, because what people are reacting to is bad

looking across the board, it's a negative picture for some of these equities with ferrari and fiat chryslerg about trade, let's talk about president trump. he's threatened to impose more tariffs on china if washington and beijing can't reach a real deal in a series of tweets trump seemed optimistic that his administration could reach an agreement, but he labeled himself a tariff man but warned he would restart the trade war if talks fall apart. >>> chinese authorities said they are confident about a deal with the u.s the commerce ministry said bilat wa -- bilateral talks were successful president xi jinping says he wants to deepen cooperation with the european union on a visit to portugal he said he hoped the hart geportuguese d benefit from the belt and road initiative that is a central pillar of china's foreign policy and growth strategy. >> as china prepares to once more ramp up imports of u.s. agricultural goods, investors can expect fresh tweaks to global trade traffic the sector's own index has seen its highest average year-to-date performance since 2011 someone who follows that close

gm, ford and fiat chrysler all higher despite weak november sales data. why? a tweet from the president. listen to this donald trump tweeting this. china agreed to reduce or remove tariffs on cars coming into the china from the u.s. currently the tariff is 40%. well that tweet lighting a fire under auto stocks. they're all inding higher. i should mention here, mary barra, the ceo of gm will meet with ohio senators this week to talk about the closure of plants that drew the ire of the president last week. meanwhile the race for the biggest market cap underway hard today. amazon, briefly topping apple's market cap but let me tell you the numbers kept changing all day long. everyone wants bragging rights to be the biggest company in the country. amazon is still in the hunt. back to you. connell: liz peek, foxnews.com columnist, jonathan hoenig, capitalist pig hedge fund. liz and jonathan fox muse contributors. always good to see both of you. jonathan, you've been enthusiastic of president's trade policies. what do you think happened over the weekend? the market s

fiat chrysler also had disappointing numbers.ata came from china, overnight retail sales came to a 15 month low the key drag there was chinese auto sales >>> the euro is lore againwer a the dollar french activity came in at the lowest pace in four years. german pmi also missed expectations hitting a four-year low. a weak day in terms of the data here in europe >> kit juckes from societe generale is still with us. going back to our european discuss. yesterday i was speaking to a strategist he said the three main drivers to watch out for as far as the european economy is concerned, italy, brexit, and trade if you take those three, italy looks like we have some positive news, or will likely be some s positive news. trade looks like there's a certain detente playing out between the u.s. and china here. the one big question then, brexit if we do end up getting a deal signed, shouldn't that in theory be all positive tailwinds for the euro next year >> yes it's not -- you have to stretch them all out from a deal in other words, i don't

. >>> fiat chrysler reportedly plans to add a second plant in detroit in 2020 to build the jeep grand cherokee. news of the new jeep factly comes as general motors ceo mary barra was on capitol hill this week, meeting with lawmakers angry at the company's decision to close five north american plants and cut up to 15,000 jobs due to a weak demand for passenger cars. >>> social media news. facebook assessing a new feature to let her merchants show off their wares in live videos. they can describe products in live videos and take payments or reservations through facebook messenger. the feature could help facebook grab more revenue outside of ads in the news feed. those are your cnbc business headlines. back to you. >> i wouldn't mind seeing fewer ads. thank you very much, frank. >>> new details that petco is offering free trade-ins for a dog food recall, following the fda's recall of multiple dry dog food due to toxic levels of vitamin d. petco says it does not carry any of the brands listed in the current recall but it is still helping out. you can find a full list of the brands that ar

. >>> fiat chrysler reportedly plans to add a second plant in detroit in 2020 to build the jeep grand cherokee. the move could potentially add hundreds of jobs. news of the new jeep factory comes as general motors ceo mary barra was on capitol hill this week, meeting with lawmakers who were pretty angry at the company's decision to close five north american plants and cut up to 15,000 jobs due to a weak demand for passenger cars. >>> social media news. facebook assessing a new feature to let merchants show off their wares in live videos. they can notify people who follow their pages about their broadcast, demo live products in live videos and take payments or reservations through facebook messenger. the feature could help facebook grab more revenue outside of ads in the news feed. those are your cnbc business headlines. back over to you. >> all i have to do is come up with my company and i can start making the money, frank. >> it's just that easy. >> thanks, frank. >> have a good weekend, guys. >> you, too. >>> a christmas tree crunch has some bay area retailers working harder to meet

everyone is partnering up, ford might be with volkswagen, fiat chrysler with its provider and now bmw daimler. what is the story with stagecoach? >> there was an announcement that stagecoach is selling its north american business to variant equity partners for $271 million. a 20 year involvement for stagecoach in this region and the prices morning is a little bit disappointing but they are saying clear strategic rationale for this deal allowing it to focus on its u.k. operations. matt: let's get to you on ab it a beer maker or will it by him -- by weed? >> they are spending $100 million on investing with the research company that looks at canadian pot hoping to diversify their business. matt: those of the stocks to watch, the market open on the other side of this break. anna: a minute from the start of the cash equities trading day this thursday. let's see how we are positioned after hearing from the fed. we are factoring everything we heard from jay powell into the market open in europe. we've got the euro stronger, the pound a little stronger, both up .3% against the u.s. dollar. em

we'll show you gm, ford and fiat chrysler but tesla gets 14% of its sales in china and china is the largestet in the world it's the future of electric vehicles and if tesla were to sell its vehicles in china with a 40% tariff, it was killing sales over the last couple months this should help them until they get their plant built in shanghai and that's scheduled for late 2020. more likely 2021 by the time it's up and running so this is a huge boost for tesla we reached out to see if it has a comment regarding the change in the auto tariffs and they have said they have no comment at this point. guys, back to you. >> phil, thank you for that. phil lebeau in chicago >>> here to discuss the market expectations and impact, stefan selig is former undersecretary of commerce for international trade and in dallas, burns mckinney, allianz's chief investment officer good to see you. walk us through how you read the tentative nature of the announcements. how normal is that >> i don't think one should have expected a document, as eamon talked about or a fully fleshed-out deal in a dinner of 16 people, so

shares of gm and fiat chrysler down more than 20 % this year putting them in bear market territory.d down twice as much. what's twice a bear? two bears, i guess we'll look at what's ahead for the big three in 2019 as kelly ponders that deep question look at financials a rough year for key names goldman sachs the biggest, down nearly 40% see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade most kids today will have jobs that don't exist yet. the engine management systems coordinate with autonomous vehicles. financial data, so now we

until they get a plant built starting end of next year quickly, look at the auto stocks gm, ford, fiat, chrysler exports to china. all stocks move higher as the group moves higher with news back to you. >>ha y tnkou >>> "squawk on the street" coming back after this >>> stocks, bonds, commodities are negative on the year what do you buy when nothing seems to be working? ndutfi o on tradingnation.cnbc.com more "squawk on the street" coming up. >>> welcome back to "squawk on the street." stocks are losing steam this morning. 10 of 11 sectors in the s&p are in the green now materials are the outperformers, up 1.5%. check out these names moving to the up side, at least with the material sector. check out what's happening there. alvin moreau, one of the ones to watch. back to you. >>> keeping our eye on the pichai hearing, talking about privacy. >> interesting here, some of the question, and more to come as you point out potentially on how they treat candidates for office, folks, and whether or not they're biased in some fashion. let's bring in sara at coke's headquarters after her interview with the

but following a rough few months for auto names fiat chrysler and ford both 10% lower than three months in jamie albert ien from consumer research how much bad news in the auto stocks with a dismal auto stocks >> a lot of the auto stocks are pricing in era multiples most recessions you'll see stocks 25% to discounted to s&p 500. now closer to 50%. i think auto dealers there is a lot of value opportunity there >> not to cut you off but is it cyclical because we had john levin pounding the table for gm. and talking about big shifts with electric cars and the idea that we are not needing as many cars because we are doing ride sharing and shothose issues in multiples where we can't look back and say pricing in recession like prior cycles. >> i think some of it is cyclical for sure. the fall of car sales for example, right and sort of luxury manufacturing squeezing out mid-lines but a lot of it is secular. as we move to electric and autonomous it's not overnight. there is step functions into hybridize vehicles driving minute nancy costs hype rroic is where you want to focus and a secular tai

chrysler to go through bankruptcy. as part of that the obama administration forced the marriage of fiat and chrysler. ook control of chrysler what it had to meet certain benchmarks to get certain percentage stakes of ownership in the company. the biggest issue was in order to do this very fast restructuring, it required the taxpayers to swap big chunks especially in the case of gm the loans for stock in the new company. the government came in with a huge amount of cash and said to the bankruptcy court either agree to our deal. we will buy the company, we will basically out and what creditors would pay because we have so much money. u.s. taxpayers gave gm about $50 billion. canadian taxpayers about $10 billion. u.s. taxpayers recovered about $40 billion and that's because the stock when taxpayer sold it was not worth as much as what taxpayers were owed. host: do we still own any of that stock? guest: it took several years. it was not until gm, first gm had ipo and the government ended later in thet obama administration. it took several years because policy officials were deciding should we wait to see

you can see ford, fiat, chrysler, all moving to the upside i want to show you guys one stock that hasy. and that is shares of general electric which right now if you take a look on a longer term basis, we are currently up about a percent in the quarter in the premarket. but that's a seven handle you're seeing here. $7.01 in premarket trading you've got to go back to chrysler era levels before seeing a handle there on shares. you wonder whether or not there is a bottom in sight but that's certainly a stock we're going to watch to see if you can catch any kind of a bounce in any market move to the upside >> thank you very much dom chu. >>> let's get back to our guest host bob greifeld who is virtu financial's chairman he's also a cnbc contributor bob, what are your thoughts about ge just watching that stock over a long period of time >> i would say this. when oxley was passed and every quarter i had to sign the documents saying these numbers are correct and if they're incorrect, i could go to jail, that would wake your mind up i would say not too long ago ge was reporting $2 per share n

but ford up 2% along with fiat, chrysler. gm adding more than 3.5%.rope, we have stocks up across the board, gains in england, france and germany. germany being the biggest winner at the moment and gain of more than 2%. asian markets the first to react. it was buying across the board as well, in japan, shanghai, hong kong and south he korea. opec is set to meet this week. we have a gain on oil of more than 4% at the moment, up more than $2 a barrel, $53.07 at the moment. the cartel will be losing a long-time member next year, qatar is with drawing on januar. we have an opec meeting later this week. what all of this means for the market. and honoring a political icon, a former president and war hero. >> my view, his legacy, maria, was accomplishments. he got things done. when he left office the economy was growing like 5, 6%. the berlin wall came down. eastern, central europe freed from the joke of communism -- joke oyoke of communism. dagen: the nation says farewell to our 41st president. he will lie in state in the nation's capital. there will be a f

fiat chrysler 2% solid gains on trade news. who is with me? fine day to start out with a dr barton mike murphy and suzanne lee i say this is driven by headlines mike you agree with me and headline that is driving this up is trade. >> it is trade and president coming out saying expect big news on china. i still think stuart is that this does get resolve ared at some point and you'll see algorithms kicking into the big rally nb market. inch wound per they'll pick up on what you said because we're up 340 points what do you say? >> i believe with news keeps driving it yesterday it was the delay of the intersection vote that turned things around i think it is a very sensitive market. you've talked about volatility all morning and remember 2017 we're coming off the least volatile year of all too many where a little bit we're a little bit spoiled on that nonvolatility so daily market. >> seeing now because we're looking at 4 six straights of a move on the dow longest stretch since 2008 and i would say two hurdles have been basically affecting the mar

. >>> and fiat chrysler is set to add a second production facility for the jeep grand cherokee model.ill be reopened in 2020 all of this comes as gm ceo mary barra fends off criticism for gm's decision to close five north american assembly plants >>> crude prices ticking higher in the last hour on the report russia would agree to a bigger output cut you're over there, sully on the same -- at the same time that the u.s. again became a net exporter of oil and fuels for the first time in decades. >> is he not being allowed in? >> it looks like -- that's the story of my life you're on the outside looking in there, sully why don't we ever decide we're going to cut production? because we're nice we don't want to gouge people. we could do that why aren't we part of these production cuts that get prices back up for our guys >> reporter: well, i'm not sure that the ftc would appreciate if u.s. companies came to opec and they all got together and sort of fixed prices. i don't know if that would work very well. either way, a group of crows is called a murder. it's a wedge of swans. i think this

>> chrysler is coming to detroit, just as general motors gets ready to leave, fiat plans to open a jeep in detroit marking first new assembly line in motor city in 27 years as general motors last woke announce plans to layoff workers in north america and close five of its plants. but a possible bright spot for both automakers could be on the horizon. as president trump agrees to hold off on raising tariffs on china for at least three months. >> and speaking of that trade truce concern about an a escalation into the dispute between washington and beijing. led to a brutal week on wall street and pun leashed another round of heavy selling on friday and chinese tech firm executive also adding to investors jitters. jeff paul joins us from los angeles with more. jeff. >> yeah, jon on friday the dow jones industrial fell by 500 point, bringing the weekly drop to more than 1,000. this makes for wall street's worst weekly drop since march, and analysts say there's a lot of anxiety in market right now with growing fears of a u.s. china trade war, and slowing economic growth. texas congressman kev

chrysler. ferrari. >> surprising news in 2018. the death of sergio, the. >>> of carlos ghosn in japan. but i don't think they affected the companies. there was a smooth transition at fiat chrysle ssan will see they are still working through all of that. but those will be things wetc in 2019 for sure. >> do we see the rise of electric cars more thisext year do you think? ? >> we will be watching tesla. they are the ones driving electric vehicle sales. they had a good year. they actually had a profitable quarter. that was one of the things we st undeated about last year. but can they continuehen there e more evs come to compete? and can they continue to earn a profit? those will be things we watch. >> who is the winner next year do you think, autowise. >> i think trucks and sport utilities will continue to be the cat's me ow. shots.ing the michelle krebs with auto trader. thanks for joining us. >> thank you. >>> wells fargo settles with state ags. that's where we begin the market focused. the bank is paying as the 575tl million to s claims made by states that the bank created phoney accounts and other consumer abuses. two years ago wells agreed to pay 190 million to sett