betty ford. and the role she played. i was very struck by one of the quotations in that wonderful video. being a lady does not require violence. because the term first lady is archaic, in some fashion. and it has been both empowering to many as they have carved their own way, but also constricting to some. who have struggled against the norms. betty ford certainly broke out of those structures and she took chances. she was such a role model for me, long before i knew her personally. for my generation, which is the same as hillary clinton's generation, she was just a striking example, especially the e.r.a. as a young local reporter, i covered her in houston marching with gloria steinem. and the others in those early marches for equal rights. for her to do that against the wisdom of the policy advisors and people in washington who were in the cabinet and white house, she really did all this in such an extraordinary way. a few other memories i will share, especially as a breast cancer survivor, i ow

fast-forward, and when resident ford became president ford, -- president ford became president ford, i was introduced to betty ford. aside from being beautiful and graceful and gracious and humble and welcoming, she was fierce. i mean, standing up for the e.r.a., which at that time, was not quite as off-limits as it later became, because of all kinds of efforts against it, but betty ford, as a first lady, speaking out in favor of the equal rights amendment was astonishing. i was living in arkansas, and the work she did was just like a funder clap -- funder clap. people felted, believed it, were in all of it -- in awe of it. i thought that took so much great. we all know about her work on behalf of breast cancer. it was not just her openness about it. it was very personal to me because my mother's best friend, a woman who lived across the street from us back in the 1960's, pre-betty, came down with breast cancer and no one talked about it. the children -- i was friends with her children, and my mother was over there every afternoon just about, we had no idea what was wrong with her. b

that's why i'm pretty disappointed they're doing that. >> so why is ford now phasing out the ford, focus, fiesta and eventually the fusion while keeping the mus stang and a version of the c max the ceo is focusing on not only what ford does well which is pickups but also giving consumers what they want >> given the american market it probably makes sense suvs and pretty much everything dominate >> you talk about sedans and stuff like that, i see most people driving suvs. >> fords truck and suv sales have soared since 2009 when they were two thirds of the company's business now they account for 80% of ford's sales critics contend the auto maker is making a mistake by focusing on less fuel efficient ones. but dealers believe we are a long ways from where buyers will ditch their big vehicles >> well, we're kind of truck people anyway. so it fits right into our plans. >> ford is not the first auto maker to move away from building cars in favor of building trucks and suvs fiat chrysler made this decision about a year and a half ago. and kelly general motors has been shifting to suvs and away

but ultimately, ford loses narrowly to carter.es: that is because you were in the white house advising. [laughter] david: that was later when he lost. managed the campaign that lost for president. what did you decide to do? did you decide to go back to texas? james: yes. i tell people every time we lose an election, i come back here. a lot of people stay up there. david: you decided to run for attorney general. thes: i was bitten by political bug or the convention was close. it was very excited -- exciting. we only lost that election to you guys by 10,000 votes. out of 81 million votes that have been cast -- had been cast. i was bitten by the bug. practiced law for 18 years, and i was coming back here and i said to myself, well, maybe you ought to try your hand at this political game. david: while you were campaigning, you point out somebody came up to you and said, you look like jim baker. ofes: i have gotten a lot press time as ford's national chairman. a lot of tv time. people used to recognize me. they couldn't come up with a

. >>> breaking news on ford. let's get to phil lebeau in florida. >> reporter: the global president of operations at ford basically, the head of manufacturing there, ford has decide that had it will be halting all production of the f-150 starting at the end of the second shift tonight. essentially 11:00 p.m. eastern time. they've already completely stopped production at the f-150 plant in kansas city. they were still building at the dear born truck plant. that will stop at the end of the second shift tonight. they have also success pejded super duty production at the ford kentucky truck plant. it comes down to this. they do not have critical components that are needed for the instrument panel in the f. series because of a fire at a suppliers facility last week. that supplier's facility there was an explosion and a fire. that means they cannot make certain key components. those components are critical to building the f-150 and without them, ford can't build its best selling andmost profitable vehicle, the f-150. w

a shutdown would come just as ford dealers are preparing for the busy summer sales season and r ford the f-150 is critical to its bottom line. it's not only the most profitable vehicle it sells, it's also the most popular. on average, an f-series pickup is sold every 30 seconds. for now, ford has plenty of f-series trucks i its inventory, so if there's a complete production stop for a ort period of me, the impact on sales is expected to be minimal. ford is working with its supplier to get pro those components up and running as quickly as possible, a while there is plenty of urge y urgency, it is too early to tela how long will take. phil lebeau, "nightly business . report," chic >>> the department of transportation is conducting an audit of the a' oversight of maintenance issues at bh allegiant air and american airlines. they welcome any analysis of its american said it was shocked to learn of the review and it stands by its strong safety record. nonetheless, those stocks came under pressure in trading today. >>> walmart buying a controlling interest in india's leading online tailer.

il lebeau has more on the trying times facing ford. >> reporter: with production of ford's f-15 nowstopped, the question for customers and investors is how long it will take to get assembly lines runningai once ford is working with the supplier whose plant in central michas knocked out by an explosion and fire last week. for now, ford has plenty ofck trucks in s but the pickup business is highly competitive. ford m be theleader, but gm is nipping at its heels and ram has been steadily picking up market share. while ford says second quarter results will be impacted by the shutdown, it'seaffirming ful year earnings guidance. the bigger question for investors is what it will take to get the stock moving higher. bill ford, chairman of the automaker, understands the frustration. >> this business can get fitter and it will get fitter and we have more actions to come that will show orthat. >> rr: ceo jim hackett's turn around plan calls for developing autonomous vehicles and mobility services that will create new rev the automaker. >> we'll drive new what we call sticky envenue, r that stays duri

looking at shares of ford.he company did reaffirm its full-year guidance reaffirming full-year guidance what happens in the second quarter remains to be seen given the fact we don't know how long production will be shut down the annual meeting is going on now. we're just getting to the point where we will hear from investors and shareholders jim hackett talked about the neat to develop sticky revenue in the future and when it comes to mobility. so getting you to pay when you go from your office to your home to your car. ford wants a chunk of that revenue. they believe they will have different business plans that can tap into that revenue when they start rolling out these mobility plans over the next 5, 7 years. >> as an aside, phil, on this cpi number, used cars and trucks down 1/6. >> the biggest drop in nine years. this is the return of those leased vehicles? >> yes that's not going to end any time soon that's likely to continued at least for three, four more years. we talked about this we talked about this a

henry kissinger was secretary of state under nixon and ford. we spoke with -- american history tv was at the organization of american historians annual meeting in sacramento, california, where we spoke with professor daniel sargent about kissinger's influence on u.s. foreign-policy. this is about 15 minutes. host: daniel sargent, professor of history at uc berkeley. the book is titled "a superpower transformed: the remaking of american foreign relations in the 1970's." a key player, secretary of state henry kissinger. what new have you learned about his role, his influence, and his tenure under two republican administrations? daniel: a great deal. during the research that ultimately resulted in this book -- i was able to read thousands of new documents, memoranda of telephone conversations -- i think there is an enormous amount on kissinger for historians to learn. too long historians have been occupied with making the case or against kissinger. there are familiar screeds, familiar critiques of kissinger, but when we engage kissinger through th

was introduced to betty ford. aside from being beautiful and grateful and gracious and humble and welcoming, she was fierce. standing up to the e.r.a. which was not quite limit as it became. betty ford as the first lady speaking out in favor of the equal rights amendment, it was astonishing. i was living in arkansas. and the work that she did was just like a thunder class. people felt it, believed it were in awe of it. i just thought that took so much grit and guts. we all know about her work on behalf of breast cancer. it wasn't just her openness about it. it was personal to me. my mother's best friend, a woman who lived across the street from us back in the 1960's, came down with breast cancer and nobody talked about it. the children, i was friends with her children and my mother was over there every afternoon just about. we had no idea what was wrong with her. she just didn't talk about breast cancer then. she did died. it was only after she died that i learned what she had been going through. when betty ford c

autos have not kept up with the market now i'm going to introduce ford. look at this ford has not kept up with auto this has been a real laggard of late, up 14% in the past two months, getting a relief rally i think the relief rally is probably going to come to an end. so just as you get these countertrend moves in a big down trend, i think at this point you're about to get your next selloff, selloff, selloff, selloff, selloff >> ford, want to sell it >> let's go out to mike. what's the trade, mike >> ford's an interesting case of course because on a price earnings basis, the thing looks fairly cheap but of course we have a little bit of a disruption here on the supply side. the halt in production of the f-150, their most profitable vehicle and the most popular vehicle sold in the united states also they have recently focused more on suvs and trucks. as gas prices rise, that poses a risk when you're trying to take a bearish bet on ford, we know if you short stocks, you face unlimited risk if they should rise of course the most you can make is if the stock

look at ford. major newspaper the company halting all f. 150 production and this could take weeks. >> occurred, which is really bad news. a fire at a major auto parts supplier. a chinese owned company basically shut down and closed it in kansas city. now they have to shut down the facility and also one in kentucky. saying we have enough vehicles out there on the dealers bought for the short term. that would be the nightmare scenario for forward and it will have serious repercussions. train to the essay was the number one mike 87,000. 52,000 shows you how dominant the spring days and it makes a lot of money. >> it will hurt earnings regardless. once the vehicle is shaken when they're not being shipped it hurts the bottom line. train to thank you very much. and our broader economy. art laffer, then inflation news the economy is heating up. babies the art laffer curve is right. maybe lower taxes does produce something of an economic boom. how do you feel about this? >> i honestly agree totally. i love

ford had been vice president. he was president, and ford went on television on a sunday morning announcing he was giving nixon a full pardon for watergate. i really think ford hoped he could go on early on that sunday morning and no one would notice. but it was widely noticed. but not by me. i was asleep. and carl called me, and carl truly has the ability to say what occurred in the fewest words with the most drama. have you heard? no, i was asleep. he said, well, the son of a bitch pardoned the son of a bitch. [ laughter ] well, i had my decoder ring on, and i was able to figure out what had happened. instantly, i thought -- and carl agreed -- this is perfect. this is the final corrupt act of watergate. that nixon gets a free run and a pardon, 40 people go to jail, and thought that for a long time, particularly two years later when ford ran against jimmy carter and lost essentially because of the suspicions of the pardon, that there was some sort of deal. 25 years later, and one my books shadows the legacy of wat

with ford, kissinger had a much more open collaboration. with nixon, there was always a distance, a clear hierarchy. host: what was the 1973 oil crisis, and how did that impact foreign policy? daniel: the oil crisis was an important tremendous episode. the significance not fully appreciated by historians of foreign policy. what happens in the last quarter of 1973 is for complex reasons having to do with the interplay of supply and demand in oil markets, and also to do with the geopolitical disruption of the october 1973 war. domestic oil prices quadruple. that has a series of catastrophic economic effects, not only in the united states but the broader industrialized world. u.s. foreign policy decision-makers, who had not been suddenly have to take account of the ways in which energy shocks can impact the foreign policy landscape. oil becomes a central preoccupation of u.s. foreign policy. host: you are here at a panel of u.s. foreign historians, titled "remaking of american foreign policy." your panel was entitled "beyond good and evil: new

i said i would want to own ford or gm. most of the desk disagreed with me >> who was here that said peak auto -- >> steve weiss. >> i think it might have been josh i don't know >> it was josh >> it was josh okay so the go becomes now you get 10% gm, does that attract you to ford in any way? >> no, not me. listen, ford was left for dust about two years ago by gm. actually i think it is becoming interesting. i'll not going to make that switch today >> what would make you get out of gm to buy ford, or buy both >> i'm not getting out of gm, period the f 150 is still a really good truck. there's a lot of things that gm has going for it that ford doesn't. and really the international sector is so much stronger for gm than ford i think you have to look at ford >> all right speaking of auto news. we have breaking news on another story in the sector. our phil lebeau is in los angeles. >> take a look at the fiat chrysler stock moving higher as the company announced expansion of the partnership with waymo. here's the expanded war par

butch ford. >> some of my colleagues was, well, who helped her do it. she is a woman.he's pregnant. in order to do this, she had to have help. >> prosecutors had a hard time believing she was capable of killing michelle le, all by herself. >> we encouraged them to make sure they eliminated any possible suspects such as the father of giselle's child. >> that would be scott, the ex-boyfriend, butch is referring to. everybody's antenna went up. in late july, 2011, 63 days of michelle's disappearance, as the le family searched the hills for her, richey got a very strange phone call from scott, who sounded out of breath. >> saying he believed he found michelle's phone. i asked him, where did you find michelle's phone? in the backseat of his car. >>> coming up, at first police doubt scott's story. >> have we missed something? is he the other part of this? >> or was he giselle's next victim? >> did you have concern about scott's safety? >> yes. we advised him of that. if it is giselle, you have to be concerned of your life. >> this is your last and final warning. >> when "dat

ford had been vice president. ford went on television on a sunday morning announcing he was giving nixon a full pardon for watergate. i really think ford hoped he could go on a early on that sunday morning and no one would notice. [laughter] bob: it was noticed. but not by me. i was asleep. carl called me. he is the ability to say what he wants in the fewest words with the most drum up. [laughter] he said, have you heard? i said, what? he said, well the son of a bitch fired the son of a bitch. [laughter] >> i had on my decoder ring so i figured out what happened. this was the final corruption. particularly, to yours when ford ran against jimmy carter and lost, essentially because of that suspension's of the pardon as being some sort of deal. 20 years later, in one of my books, i went back to re-examine the pardon. i called ford up, i had never met him, never interviewed him and i said, what to relook at a pardon and i thought he would say no. gerald ford turned out to be one of the most open, honest, direct people

harrison ford came in, have you had chance to meet him yet?. >> no. >> people keep saying that. he's like superman. he was just here. >> captain lando calrissian. >> han solo. >> he's getting a ton of buzz. the live-action remake of the line ki lion king sup next. your simba opposite beyonce's nala. have you started rehearsals? >> i'm fan. they're like, here are the lyrics. it's been great. hearing her do it has been, man, a special thing. >> you look good. >> game of throne car emilia clarke joins the "star wars" universe. john snow or han solo? >> oh. well, i'm on "solo" so i'll say solo. he'll get it. he wants to be in star wars. why does a girl have to choose. good point. oh, good point. i'll take both. >> good choice. though solo might be upset. his name is solo. >> i see where you're going. she's got the end up with someone. >> he wants to be the one and only. >>> meghan markle made a galaxy-sized leap from hollywood to the royal family. >> we know meghan certainly started her career on deal or no deal. but the rest of her tv past? we ta

here's a preview. >> when president ford became i wasdent ford, introduced to betty ford.m being beautiful and grateful and gracious and humble and welcoming, she was fierce. whichng up to the e.r.a., at that time was not quite as off-limits as it later became because of all kinds of efforts against it, but betty ford as the first lady speaking out in favor of equal rights amendment's was astonishing -- amendments was astonishing. i was living in arkansas. the work that she did was just like a thunderclap. people felt it, believed it, were in awe of it. i thought that took so much grit and guts. we all know about her work on behalf of breast cancer because it wasn't just her openness about it. it was very personal to me because my mother's best friend, a woman who lived across the street from us in the 1960's, came down with breast cancer and nobody talked about it. the children -- i was friends with her children and my mother was over there every afternoon, just about, we had no idea what was wrong with her. you just didn't talk about breast cancer than. and she died. it

i called gerald ford up. i had never met him or interviewed him. i said, i want to relook at the pardon. thought he would say no. gerald ford turned out to be one of the most open, honest, direct encountered.ever i read all the memoirs, interviewed everyone he was -- who was alive. i went to see ford many times at his homes in colorado, rancho mirage, and california. what happened? i remembered the last interview with ford, in his little house in ritual garage, -- rancho mirage, right off the golf course. i said, why did you pardon nixon? he said, you keep asking. i said, i don't think you have answered fully. he said, you are right. i will tell you what happened. he goes through and he said, let me take you to the moment -- i have been president 30 days. there was so much distrust and no one would believe anything. all the news was about, what is going to happen to nixon? the soviet union, the cold war was on, the economy was in trouble. nixon is a private citizen and going to be investigated. he is going to be indicted, convicted, maybe he will g

you've got ford now. at&t. novartis ahead of this. just seems like the companies keep racking up that michael cohen either successfully or unsuccessfully reached out to get contracts offering up his insight into the trump administration. any guess on how these companies are are going to be? >> interesting this is actually the first example of cohen actually not being successful in trying to get the consulting contract with a big firm as we have seen this week, companies like at&t and novartis, they're showing remorse they pen these deals in the first place. they said that was not wise of us. we should have vetted this person. with an example like novartis, they said this person was not suited to give us health care policy and i think you and would have expected that. i will say on the topic of robert mueller and the fact that mueller was interested in this specific communication, i think the challenge we confront every day is yes, it's always significant when we find out now information, but on the flip side of that, we also know that

to betty ford.illary: and aside from being gracious and welcome and humbling, she was fierce. standing up to the e.r.a., which at that time was not quite as off-limits as a later became because of all kinds of efforts but betty ford as the first lady, speaking out in favor of the equal rights amendment was astonishing. i was living in arkansas, and the work that she did was just like a thunderclap. people felt it, believed it, were in all of it. and i thought that took so much grit and guts. we all know about her work on behalf of of breast cancer, because it wasn't just her openness about it. me it was very personal to because my mother's best friend, a woman who lived across the street back in the 1960's, came down with breast cancer and nobody talked about it. and i was friends with her children, and my mother was over there every afternoon, just about. we had no idea what was wrong with her, because you just didn't talk about breast cancer than, and -- breast cancer then, and she died. diedt was

i called gerald ford. never met him, never interviewed him and said i want to really look at the pardon and thought he would say no. gerald ford turned out to be one of the most open, honest, direct people i ever encountered. i have the luxury of it full-time assistant. i read all the memoirs come interviewed all of those alive in wait to see forward many times. he had a home in rancho mirage, california. just, what happened? i remember the last interview with ford in his little house in rancho mirage right off of the golf course. said he pardoned nixon. he said you keep asking that question is that i don't think you answered. and then he said your right. i have not answered it fully. i'll tell you what happened. i haven't even told betty. and so he goes through and said let me take you to the moment. i've been president 30 days. it was awful. so much distress. no one would believe anything. all the news is what news is what is going news is that it's quite happy to nixon. so the cold war was sawed, the ec

a woman named antonio ford. ford was the daughter of a prominent local merchant in fairfax, virginia. as well as a loyal confederate. she had been61, camp an honorary aid to cade for jeb stuart. and sometime in the intervening years, she worked her way into a position spying for the confederacy. a entirely surprising, women were some of the confederacy's best spies. because there were plenty of men out there who were unwilling to believe that a woman would mix yourself up in such matters, and so her gender provided a great cover. unit officials eventually wised at oneord's actions and point, accused her of providing key information to the confederacy that enabled a successful confederate raid on the new headquarters in fairfax courthouse. after doing that, union authorities arrested her. forward -- brought ford to the prison and to joseph willard. they struggle conversation pretty quickly and this would continue over the six months that she was imprisoned at old capital. forde end of it, antonia founded that she

a woman named antonia ford. ford was the daughter of a prominent local merchant in fairfax, virginia, as well as a loyal confederate. back in october 1861, she had been named an honorary aide to camp for jeb stewart, some harper's weekly depicted in one of its cartoons. sometime in the intervening years, she worked a way into a position spying for the confederacy. women were some of the confederacy's best spies because there were plenty of men out there who were willing to believe that women would mix themselves up in such matters. union officials eventually wised up to ford's actions and at one point accused her of providing key information to the confederacy that enabled a successful confederate raid on union headquarters. after doing that, union authorities arrested her. that's what brought ford to the prison and to joseph willard. they struck up a conversation pretty quickly after they met and this would continue over the 6 months that she was imprisoned at old capitol. by the end of it, antonia ford vowed i

recovery i would say i would be blended between gm and ford. and i would not be very aggressive in all of this because, again, the consumer is the one that's going to drive ford's pricing power ultimately, and the consumer is going to be dealing with rising energy costs and rising consumer private sector borrowing costs as well >> steph, you gave me a look of like, i don't know about that. >> you own gm, right >> i own nothing i own te connectivity, which goes into the car. i think the parts companies have been much more interesting because you're not dependent on the sales. you're just dependent on your relationships and contracts with the oems gosh, this stock has been cheap forever. i mean - >> give me a scenario where cramer goes on the air earlier today. he says he really likes the call give me the behind the scenes if jim comes to you in your former life and says, steph, i love this call. let's do this. you tell him what? >> auto sales have peaked. if they have peaked here in the states and they're kind of all over the place international

a bigger multiple than ford does and i think it will continue to trade its way into it. what does that mean? it's got to go north of 45 for it to break out. >> i'm not buying good m on this news because i'm like okay, what's next? >>> coming up, deutsche bank getting slammed and has some traders recalling the dark days of 2008. we've got the details. i'm melissa lee. you're watching "fast money on cnbc here's what else is coming up. >> $550 billion. with today's rally that's how much facebook is worth but tech guru gene munster says the stock is dead money. he'll break it down. >>> plus, bitcoin has had a brutal month, but a top hedge fund manager who made a fortune e meing on crypto says now is thti to buy, and he'll explain why when "fast money" returns. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer awar

that's dangerous go ahead ford. >> you're absolutely right.rless cars may be the future but they're not yet ready for primetime and i have to pushback a little bit with elon musk. when you're at the edge of technology you're going to get extra scrutiny and by opening your mouth you're actually drawing a negative perception. if i were advising him i'd tell him to shut his trap, keep working on this product. liz: that's an important point kelly maybe the guy is exhausted he is at the factory in california because they've not met his projections of car production. i mean he's working overdrive, go ahead. >> in i'm sure he's exhausted. i do believe he's on the forefront of technology and it's amazing to watch and he's doing amazing projects in solar panels taking us into the future but to have somebody with that kind of inspiration and that kind of brain you just need systems in check to make sure that it's all happening in a safe way. liz: people love his cars, ford they're gorgeous and there's talk tesla the debt swamps its shareholder equity th

this is a ford car. it is from the lincoln division of ford. it was designed by an italian company.the particular stylist who came up with this concept got the idea when he was diving. he was snorkeling or scuba diving. does this look like any underwater animal to you? a shark, maybe? he got the idea from seeing a shark when he was diving underwater. does this car looks familiar to anybody? like, from a 1960's tv series? the automobile stylist got a hold of this car, and in the 1960's, abc-tv approached him about designing a car for their new tv series "batman." he only had two or three weeks to do this, but he took the car out of storage and he created the batmobile. he used the lincoln future of car as a template for the batmobile. this will give you another idea of how concept cars, which harley earl really pioneered, were used by automobile makers and stylists. those were some of harley earl's contributions to you was a maverick stylist who pushed the envelope of automobile stylists and influence the way cars look. even up to today. i want to look at another maverick. does anybo

former first lady betty ford's room member on the centennial of her birth. hillary clinton joins lyndon to talk about mrs. ford's white house years and her contributions to the equal rights amendment and breast cancer prevention. is about 40 minutes. >> lena meyer, hank and lethal -- lisle, wally, wherever you are, joe, and donna, and the staff and trustees of dad's foundation. reverend charge, marco reeves, brother mike, distinguished guests, ladies and gentlemen, while come to a wonderful lovely luncheon.

let's talk firstly though about ford, the us number two automaker.ast few days, in the buildup to negotiations, that their normal business in a key port up in the north—east china, where they import and export vehicles, i have been told that business has been put on hold there, suspended temporarily, but for the linking that the buildup to these negotiations and that is just a sign i think the pressure, the pushback the chinese authorities able to put on. and in terms of those who are there, we have the treasury secretary, the commerce secretary, there is a whole line of people. you mentioned the difficulty ford is facing, what are we looking for in terms of progress, what is the best hope? well, they are going to have meetings tomorrow, then there is dinner tonight. the plan is to leave on friday. aside from that, it is kind of a famous five really, led by steve mnuchin, the former goldman sachs executive. he is the perhaps most pragmatic amongst the five. steal is his speciality and thatis five. steal is his speciality and that is a big part of the

, ford down 4.7% last month in line with the expectations ford is the tale of two companies now.he car business, forget about it that's why they're throwing in the towel. down 13.88% last month the truck business continues to chug along the f-series had the best april since 2000 think about that go back 18 years also, fiat and chrysler numbers better than expected up 4.5% last month expectations decline of 3.7% much like ford it's the truck business ram sales up 3% last month we expect the sales rate to come in somewhere in the 16.9 to 17.1 million mark when we see it a little bit later on today. >> all right, phil, thank you very much. >> yeah, this is what i'm talking about. we hear a lot that nobody is spending but who buys these small trucks? it tends to be small business. f-150 small business what is ford doing getting out what it's losing i think that the next will put out of latin america entirely. ford stock can't get out of its own way because there are concerns about electric cars and whether younger people buy cars. ford is doing everything it can to make money and nob

first, in the campaign against president ford in 1976, he did call for reducing ford's levels of spendingy five to seven percent helmet did call by removing troops and when he we seesaw rerealities, he increased defense spending. and with the afghan invasion, 5% a year and put in place all of these other modernizations. now, there was one other thing that gave him this wrap of -- rap of being weak on defense. he killed the b-1 bomber and he thought it was insufficient, too costly and would be subject to soviet radar and so he opted for modernized cruise missile that could come in under the soviet radar systems. but the killing of the b-1 took on a symbolic importance. so this is another example of problems on curing very real accomplishments. host: and he knew in the military having been the first u.s. president to graduate from the u.s. say? value academy and serving in the u.s. navy. guest: not just serving in the navy but being an officer in the submarine corps. he nuclear navy. just after he announced his melanoma and just before he was oing to get new treatment, remarkably, he's been

david: that is why the chairman .f ford made a change that's right, ford is generally perceived as beingtrying to catch up fast. it's difficult for a legacy company to move into the new space of online digital. anything that you buy is dilutive. this is not going to be dilutive in any way to gm as far as i can tell. this is an interesting way for them to make a substantial of dollars.billions if anything, it will free up capital from general motors. question of softbank, two, $1 trillion to invest in their vision fund? how are they even going to find enough stuff to buy? they will be investing in this tech. with a car company, different than what we thought. , it's an valley startup melding between the old and new economy. we are going to keep following this, obviously. one hour from now we will have one of the senior representatives on to talk this through with them. briefing is coming from the trite and we will have representatives there and we will bring you up to date on anything more that we learned. right now let's get an update on what's making headlines outside the business world

like it or not, nothing is perfect, but capitalism is the way ford. look at america.ook wait has done for us as a nation. do we have problems in america? income inequality. entitlements. public education is a disaster. but capitalism against everything else out there, capitalism is it. when i look at my own life what happened to me. this couldn't happen except in america. i say to my grandparents. i say thank god for coming to america grandma and grandpa. you know it, and we are a nation of immigrants. maria: we are lucky our grandparents did come to america. >> exactly. one time i asked my grandfather, have you ever been back to italy? he said no, why would i go back? there was nothing there for me, that's why i left. mire grandfather insisted that his children speak to his grandchildren only in english. i regret that now. i wish i could speak italian. working in construction i learned a few bad words. and the biggest date year for him was memorial day when he hard with the sons of italy, and they had their caps with the lodge, and that was the biggest. he was so pro

to betty ford. aside from being beautiful and graceful and gracious and humble and welcoming, she was fierce. i mean, standing up for the e.r.a., which at that time was not quite as off-limits as it later became because of all kinds of efforts against it, but betty ford as the first lady speaking out in favor of equal rights amendment was astonishing , and i was living in arkansas. and the work that she did was just like a thunderclap. people felt it, believed it, were in awe of it. i thought that took so much grit and guts. work onnow about her behalf of breast cancer, because it was not just her openness about it. it was very personal to me because my mother's best friend, a woman who lived across the street from us back in the 1960's, came down with breast and nobody talked about it. children, i was friends with her children, and as i say my mother was over there every afternoon just about, we had no idea what was wrong with her because you just didn't talk about breast cancer then, and she died.

that pushes a person ford. the e people. maria: will g.e. ever come back?like it was and a whole lot smaller than it was. >> it's easy to second guess the other guy, and i don't want to do that. i think some of the strategic decisions made at general electric for horrible. asset capital allocation was a disaster. to me they got out of the financial services business at exactly the wrong time. maria: and energy. >> that was done to accommodate wall street. wall street didn't like them being in that business so they got out of that business. look what jack did with gevment capital and the enormous contribution it made to the whole game. maria: where do you find growth right now? and where you are allocating your capital. >> i'm look at small to medium-sized companies. i can get to know them better. i can get to know management better. if you are right, one of the companies i like is first data corporation. i think they are in a sweet spot right now. i think more importantly they came through a rough patch. he kept it together. he's cleaning up the balance she

and ford rejected that. there's an approach to ford, we know at&t went in for novartis, the president on the campaign trail talked about drug prices and putting the screws to drug companies for drug prices. he talked specifically about ford making cars in mexico and bringing them back to the u.s. and was going to hammer them on that. and he opposed the at&t/time warner merger. there comes a time when he says, you need a friend. >> it appears if there's coordination wean the president and cohen on these topics. if there's no coordination at all, it looks like the business cohen was engaged in was identifying company that is were under the hammer from the president walking up to them very quietly and saying, give me some money, i can help you. and even if he didn't have the access he thought he had or couldn't change the policy, it's pretty sleazy. >> what would you want to know as an investigators, joyce, if you were sort of looking into this? >> so the most important question to me is where did cohen's money

with ford and toyota dropping 4.5%. gm no longer telling the public how sales went last month.nd suvs a trucks are still i demand. in fact, jeep helped power fia chrysler pass forfeitd when it s to retl sales. ford's had its best april sales since the year 2000. it is yet another example of why ford is throwing in the towel anlaing to stop offering all but a few cars starting next year. iile april was lackluster for many brandst was sensational for porsche which had its best monthly sales in the united states. even thoh the average price for a gallon of gas climbed by 50 sent lacent last month. s americans all clammering for less fuel efficient trucks and suvs. most believe that's likely toge chs long as gas remains lower than $3 a >> and just reported gas prices are indeed going up. this summer is expected to be the most expensive for driving in four years, drivers are taking notice. >> it has affected my driving habits because i have an suv, so, i no longer drive that. i use m honda civic to get better gas mileage. >>

unlike novartis and at&t, ford rejected his overture. counsel robert mueller heard about it, got wind of it, asked for records and e-mails from ford and ford was called in to testify about it. >> josh, put this into some broader context for us. we've learned a lot about the business dealings of essential consultants. there were many more dealings or attempts than we thought there were. how does this fit in to what michael cohen was trying to do? >> i think we don't know exactly yet what he was doing. the thing i would note about this payment, at&t, payments of $100,000 a month? you see a lot of people closely associated with political figures who end up doing work like this. this is is really an extraordinary sum. much more than novartis was paying any of its much regular lobbyis lobbyists. they looked at firms lobbying the u.s. government and there were no payments larger than that. he was not lobbying but given he was able to get payments this large from companies like at&t and novartis he must have promised something of greater value