jack ford became the chairman of the ford foundation. at the library and the museum for a few years. and then steve ford for a while. i'm sorry mike ford is the chairman right now. susan plays she is part the uss gerald r ford. she is active in many of the programs we have. exhibits have been very supportive. they and the foundation have been very supportive of the library and museum in the exhibit program. participation efforts also. >> you touched about betty ford with the cancer experience. the museum himself is there talk about that? and later on the addiction connection what you have with betty ford? >> we are fortunate to have first lady who is open come as much as she was. she said if i'm having these problems, others are having these problems and they might benefit. so class in 2016 and in betty ford footprint in that. a great deal about her advocacy on behalf of women's rights. the breast cancer, the betty ford clinic, for the arts in particular american arts and dance. also her and see for children. who are suffering health pro

ford passed away in 2011. marty allen, who had been a longtime chairman of the ford foundation, stepped down about that time. jack ford then became the chairman of the ford foundation, and acted with activities at the library and the museum for about three years, and then steve ford took up that mantle for a while. jack ford is -- i'm sorry, mike ford is the chairman right now. so susan plays an important part. she was a sponsor of the uss gerald are forward. she is active with many of the programs that we had, exhibits that we do, they have been very supportive. the foundation has been very supportive of the library and the museum and the exhibit programs and the digitization as well. >> you touched about betty ford 's -- obviously, the cancer experience. in the museum itself, is there -- do you talk about that, and obviously later, on the addiction connection, what kind of narrative do you have in the museum about betty ford? >> we were fortunate to have a first lady who was so open, as open as betty ford wa

ford daughter susan ford bales. >> thank you and welcome everyone. you know, today many people call washington a swamp. day, but back with when the ground breaking began in 1790 and the white house itself is situated on top of the hill, and just like capitol hill, there's literally a physical hill underneath the white house. the white house looks down in historical time on swampy land historical time on swampy land i like to call it the three bs, bare, bleak and brown. when john adams moved in in 1800. and the period accounts go on to state visitors from that time described as, i believe the it was a barren, stony, unfenced waste. it was not a great looking place simply because it was a construction site for so many years -- >> well, but the world was used to the european standard of fabulous palaces and manicured gardens. and europe, which had been around for centuries building up its public places, it sounds to me like the early white house is what george washington would have wanted, something simple. an executive mansion, not a palace. >> that's

ed ludlow walking us through ford.ipstick with the auto story, because it is not just earnings that you want to watch, sometimes it there is dealmaking. an ipo in garnering enough orders to cover the 9.4 billion euro offering multiple times over within just a few hours at porsche. you have been beating the drum on how ford's volume has been on both sides of the atlantic, so explain how this porsche ipo is doing so well. sonali: it is harder in europe than in the united states, but in a tough market you are seeing one of the biggest listings you will see in a long time in europe. early in the offer period, the carmakers come in going through september, you see that it is coming through on valuation. but remember, it is still electric carmaker that we are talking about. and -- a luxury carmaker that we are talking about. there's robust demand for something that is a unique asset, and it opens a question for some future share sales for an asset like this in the future. muted ambitions, but a clear anchor for investors on

you will see that in all kinds of ways, including from ford. as we continue to live up to our purpose and promised to help build a better world where every person is free to move and pursue their dreams. thank you for your time and interest. now it is my privilege to turn the podium over to the 78th treasury secretary of the united states, janet yellen. [applause] sec. yellen: before i get started, i just heard the sad news does the queen of england has passed. our thoughts are with her family and the people of the united kingdom. it is great to be in dearborn and later today in detroit. it is the global capital of the automobile industry. this region will experience significant growth from the recent enacted biden economic plan. i would like to acknowledge -- gilchrist for knowledge me today. many provisions of the inflation reduction act and the chips act make them a reality, including her critical work on the energy manufacturing tax credit. i want to thank senator peters for his equally strong advocacy and leadership. thank you also to the

list bring in ted cannis, ford pro ceo. obviously matt is a big truck fan.'s give us a sense of how this ties into the demand picture right now. ted: well, i will tell you, so this super duty is the number one commercial vehicle in america. you were just talking hurricanes, when it comes to construction, emergency response vehicles, utilities, we have over 50% of the business. i saw a lot of bucket trucks heading down yesterday, as they get ready come and we have always been working to support america's workers, with a profile, power those situations where you don't have power anymore. so we are real excited about this all new super duty. jon: well, it is interesting, following on your -- go ahead. what is the story with ev's? matt: are you going to electrify the super duty? ted: not yet. too much towing, too much hauling for those. the technology is not quite ready. here in kentucky, we are investing 5.8 billion 5000 new jobs for our next generation of new vehicles, and we are in both sides of that business. we will see huge growth in huge opportunity to le

ford seems confident it will work through this backlog.you are waiting on expensive model like trucks and suvs, what is your patience? we note there is a tight supply of iphones but the consumer is buying those products with more resiliency. guy: when does it end? ed: i don't know. the full-year forecast stands for ford but the third is revised. fedex described was worsening macro conditions that accelerated from the second into the third-quarter and it would get worse in the fourth quarter. ford says they will work through this but the street does not believe them given the market reaction. we don't think it will improve at the end of this year despite ford saying it will. guy: i thought he knew average. -- i thought he knew everything. thank you very much. that's what is happening with ford. let's talk about what's happening in europe. we broke this story earlier on. uniper is in final talks on a capital increase. an $8 billion capital increase. the stock spiked and then dropped a little bit. they are negotiating the sale of shares but a

they are feeling the pinch at ford and what's interesting here, sarah, i've talked to people at fordse are not chip-related supplier problems. i can't say that enough. this is not because of having a shortage of chips. it's a shortage of parts across the board. and that speaks to the stress for tier 1 and tier 2 suppliers in the auto industry, which is not new. this has been known for several months i talked with somebody just a few months ago when i called them up, ford's warning, who the you think about this who isn't warning? the supply chain is breaking down in certain areas. not across the board. >> i thought it was getting better, phil >> no, it's not. it's not getting better. it's getting better in terms of chip supply. but in terms of the costs and the ability for all suppliers to ramp up their production to the level, whether it's ford or gm or anybody, it's tough for these smaller suppliers, and there are also some tier 1s. they cannot increase they don't have the manpower, the costs are going up, and in many cases they cannot meet the demand for a variety of reasons. again

up tick today in otherwise tough time for telco and ford stock give upping the engines and ford downsalling con trucky and unveiled the 2023f series super duty and first pick up truck in the u.s. with embedded 5g capability and the super duty truck is souped up with a bunch of new features in tech including this one, it can power a job site. in a time when ford is having trouble delivering finished cars and missing some parts due to supply chain issues, will they be able to deliver the brand new vehicle that will surely have quite a bit of interest? let's start with the struck. if you had point out the cooler feature off the bat, what is it? >> to me, it would be the 5g conductivity and the full flat seats. if you want to take a nice nap in the middle of your day, there's really cool seats. liz: i'm thinking, aren't these people who buy these work aholoicks and they're out there and mining and they're contractors but it is a beast. it's the first pick up in the u.s. with embedded 5g capability. let's talk about that 5g capability and trailer nab identifies the best driving route to ta

ford f1 50 lightning truck. i can't help but think that the auto industry is now at a cross. a crossroads. typically we do not do automotive reviews on kpix 5 but this is the best selling vehicle in america for 40 straight years so that begs the question, what happens when the most popular vehicle in the country goes electric? it's fate fate may rest in the hands of people like gary, he helps run the bear creek horse stables pit pit >> would you consider electric truck? >> i could. >> reporter: he says the truck makes a good first impression sharing that much of the same body styling as the gas powered version so it doesn't attract a lot of attention. >> most people who want trucks don't want flashy, they want to work vehicle. >> reporter: we are getting help help testing the trucks towing capabilities hitching up two horses for a total of about 5200 5200 pounds. the trucks towing capacity is 10,000 pounds. we got 0 to 60 in 4.3 seconds, typl seconds, typical for an electric electric vehicle, remarkable when you

ed: ford, this was a biggest drop in its stock in 11 years.t they did was revise guidance for the current period. inflation around the world is meaning higher cost for them and supply chain pains continue, meaning there are part shortages. the net result, 40,000 to 45,000 ford suvs and pickup trucks sitting in a parking lot somewhere that are not ready to ship. the important point, ford reformed it's for your guidance and said they would be able to get the missing parts back, put them in these vehicles and sell them by the end of this year. clearly the market and believe them. when you look at the severity of that stock drop. emily: is it semiconductors that are causing the real pain? ed: this is fascinating, because in the statement, for didn't say much at all. they didn't specify. all we have to go on is that semiconductors have been an issue throughout the year and even before that. gm, earlier in the year, gave a similar warning that they had in these -- this inventory of not shippable cars because of missing cars and semiconductors were a

ford did not have the same weight to bear in personal terms.hoover it was personalized for hoover, you know, there were in this country, some of you have heard these are unemployed people, living in shantytowns on, the edge of cities. the other the armadillo. the armadillo show was nicknamed the hoover hog because there was so little meat on armadillo blankets. you put a newspaper yourself on a park bench that was a hoover blanket. so hoover was was vilified and so he had come in with this great expectations, almost this wonder, this great engineer, great humanitarian. and yet he and so many people personalize their their anger and took it out. hoover the the joke that went around in 32, which roosevelt told on the campaign even, was that there was hobo who held up a sign he was hitchhiking. and he said, science says, give me a ride or i'll vote for. and supposedly he crossed the country in ten days. so. hoover it's too bad because. hoover, i do believe cared, but did not have a kind of a persona owner that exuded, whereas roosevelt had what wa

if you own a ford suv, you're going want to listen up. ford is recalling thousands of its cars because they could catch fire. the recall affects nearly 200,000 ford expeditions and lincoln navigators from 2015 through 2017. the national high highway traffic safety administration says the models have heating and cooling fan motors that may fail. ford has received reports of 25 fires possibly associated with the fans. one person was hurt. the company says it's going to notify car owners starting september 12, and ford will replace the fan motor for you at no cost. >>> okay, a heads up if you're flying this weekend, pilots across the country are on the picket line over contract negotiations. this is what it looked like outside of the detroit metro airport. you can see dozens of pilots with signs say that say they are ready to go on strike. pilots say it is time they had a contract they can live with. >> delta pilots are here to bring attention to the fact that it's been more than six years since our last agreement. the delta pilots have led

so i, how big a problem is this for ford? well, at least short term war 3 and seems to believe it's a big problem. the stock came here on to stay dropped by 12 percent about $7000000000.00 of market capitalization got wiped away, and it was the 1st trading day for, for it in 2011. so in more than 10 years. so. so if you look at the short term picture, for ted to renegotiate with suppliers that lead to an additional cost up about $1000000000.00. if you look more on the midterm for it expects to actually meet a profit expectation for the full year. so some of the sales that are not happening in the 3rd quarter might happen in the 4th quarter, but overall, and at least what speed seems to be rather concerned. and that's what we see with them. has a reaction and she would say it's training sessions. 40 to 45000 doesn't finish cars, but the supply chain problem is that that's only not unique to ford. are they? no, definitely not rob. just meant of last week we heard from general electric for infant that they also the supply chain

grady, you spoke with the ford ceo jim fa farly.doesn't expect the problems to get better any time soon >> reporter: unfortunately not, liz. he said computer chip supplies have improved a bit but ford is still having trouble getting parts from other suppliers and he's expecting the supply chain challenges to last well into next year. hopefully it won't impact production of the new ford mustang that they just unveiled last night. this vehicle is a bit of a statement from ceo jim farly that even though the move to evs is important, there's still room for what you just called the good old internal combustion or ice engine. >> we have ice business, which is growing like the fuzz mustangs and super-duties and the electric that will be 2 million units and that will be largely growth and on that one, we're number two already behind tesla in electric sales. >> reporter: and a big part of ford's business already, electric aside, is the commercial business. farly see as lot of growth potential on the commercial side with electric vehicles. >>

she toured ford's ev acceptabilitier in dearborn, michigan, a few hours ago and ford is assembling theyper-popular all electric f-150 lightning truck. grady trimble was there as yellen toured the plant and made her firm prediction. >> reporter: hey, liz, the treasury secretary spent the bulk of her speech promoting president biden's economic agenda with the inflation reduction act and chips law and semiconductor law and the backdrop of the speech is significant and you mentioned it's where ford makes its electric f-150 lightning. yellen spoke about the president's climate goals and the administration's push to get more americans behind the wheels of electric vehicles. in doing so, she said we have got to get off of oil and gas. >> we will rid ourselves from our current dependence on fossil fuels and the whims of odder cats like putin. >> reporter: the fossil fuel industry didn't take too kindly to that especially at a time when americans are struggling with high energy costs and europe is on the brink of an energy crisis. the american petroleum institute says yellen's rhetoric is unhel

>> for ford, this was the biggest drop in its dog in 11 years.t they did was revise for the current time because inflation around the world's meaning higher costs for them and supply chain pains continue, meaning there are real part shortages. the net result is 45,000 suvs and pickup trucks sitting in a parking lot somewhere that are not ready to ship to customers. the important point, ford reaffirmed its for your guidance and said they would be ready to get the missing parts back, put them in the vehicles and sell them by the end of this year. clearly the markets did not believe them when they look at the severity of that stock drop. >> is it semiconductors that are causing the real pain here? >> this is fascinating because ford did not say very much at all. they did not specify. all we had to go on was that semiconductors have been an issue throughout this year and even before that. gm earlier in the year. they kind of gave a similar warning that they have this inventory of non-shippable cause because of missing parts and semiconductors were a

and they did it in style, riding in their 1946 ford convertible. way to go. >>> straight ahead we look at another ford classic. this one has a special charge. plus, now hiring. capitol police scrambling to replace more than 100 recent retirees. stay with us. with us. we depend on each other a lot. she's the rock of the family. ldeverything together. it's a battle, you know. i'm going to be there. keytruda and chemotherapy meant treating my cancer with two different types of medicine. in a clinical trial, keytruda and chemotherapy was proven to help people live longer than chemotherapy alone. keytruda is used to treat more patients with advanced lung cancer than any other immunotherapy. keytruda may be used with certain chemotherapies as your first treatment if you have advanced nonsquamous non-small cell lung cancer and you do not have an abnormal “egfr” or “alk” gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be sever

ford motor company, making a $700 million investment at a plant in kentucky. build? lauren: old fashioned big trucks with gas-powered engines. stuart: really? lauren: yeah, really like the super duty, and the expeditions and lincoln navigator. so here is the deal. ford spends billions of dollars on electrification but says look our big trucks are selling before we even make them and they are not abandoning that market so this is a $700 million investment it creates 500 jobs and kentucky says it's one of the biggest investments they have ever gotten from a company. stuart: i didn't know you were allowed to invest in combustion engine cars these days. lauren: shouldn't be doing this story. stuart: look whose here now. the car man his name is gary gary gasteleau in new york city. you've taken a look at the super duty truck, i guess, right? is it electric? >> it's not. it's not hybrid either. this segment is not ready for that. ceo jim farley said look when you're towing boats and big construction equipment around you need the range, battery power is not there whe

. >> reporter: this is not your grandpa's 1978 ford pickup. this this is completely electric. a 44-year-old classic now powered by a brand-new electric motor. >> you are basically taking out all the innards and putting in something new. >> reporter: taking it from about 150 horsepower to almost 500, allowing car buffs to go back to the future. >> it basically makes everything everything about the vehicle better. >> reporter: darren palmer is charged with electrifying ford. >> i imagine a traditionalist wd look at this and say you are ruining a classic. >> i would love them to try it. >> reporter: there are plenty who want to try. installing fords conversion kit, call the illuminator currently requires an experienced mechanic. which is keeping kirk miller in los angeles very busy. his company builds the electronics and hardware to turn a gas powered car electric. >> there's a massive shortage of of conversion shops in the longer-term goal is to get it to to where it's plug and play. >> reporter: the ford engine kit kit quickly sold out but the market for electric conversions is

on hub for shorter distances and city traffic manufacturers prefer a battery powered vehicles like ford, with its e transit custom. it can travel 380 kilometers without charging, which is enough for the target group of tradesmen and delivery services. endorsement shaquanda, the average customer drives 80 kilometers a day, whether certainly some who really drive long distances every day. we found a majority of customers cover less than a 100 kilometers. that's where we're well positioned with our e transit customers and then it will help us day buying new electric vehicles is associated with high costs. logistics and automotive experts are seeking government support. then mon, via, if you really want c o 2 free transport, you have to pay for it, offered. so it's more expensive than diesel isn't. so politicians need to think about what regulations they put in place without regulations. this thing is just going to hit a wall, don't assist in getting new. and so far, diamond has claimed its 1st success amazon plans to test the e actress long haul in real world operations starting in 2023, i

and they did it in style, riding in their 1946 ford convertible.at is the "overnight news" for this monday. for some of you the news continues. for others make sure you check back later for "cbs mornings." and of course follow us online anytime at cbsnews.com. reporting from the broadcast center in new york city, i'm jericka duncan. >>> this is cbs news flash. i'm debra alfarone in washington. elon musk will be meeting with few days. a trial next month may determine whether the tesla ceo must carry through with his $44 billion agreement to buy the social media platform. >>> vice president kamala harris is traveling to tokyo to attend a memorial service for former prime minister shinzo abe. abe was shot and killed while delivering a campaign speech in july. demonstrations and protests are expected. >>> and superstar rihanna will headline the 2023 super bowl halftime show. this is an about-face for the pop icon, who turned down the 2019 show to support colin kaepernick. for more news download the cbs news app on your cell phone or connected tv. i'm d

david: elizabeth: ford, what do you think, final word?s a noble ideal but denying reality that renewables are not ready for prime time, putting your state grid at risk will create problems overtime and california will run into the problems germany has. let's hope it doesn't get to that. elizabeth: clean natural gas lowered carbon emission. >> that's right. elizabeth: there you go, steve moore, ford o'connell. that was fun. we'll have you guys back on soon. thanks for your time. a bail reform group in portland in a firestorm. it bailed out a man arrested on domestic violence. he went on to brutally murder the mother of his children. plus the judge deferring ruling on former president trump's request for a special master to vet the documents fbi seized from the mar-a-lago home. margot cleveland from "the federalist" breaks it down next on "the evening edit." >> we have the fox watching the henhouse. you know, public perception to me, the confidence in the doj and fbi is waning. ♪ (woman vo) sailing a great river past extraordinary landscape

. >>> let's start off with ford. he reported the august numbers today. it did not have a big reaction in the market. it is hard to read into this market, especially with what we saw with the broader market today. shares were down, or up 27.3%. this is a comparison to august of last year when they were down 35%. we saw the full impact of the chip shortage taking the impact from last year. the f150 lightning. i want to talk about this. august sales, 2300 were delivered. they will increase this every month for a year and a half until they bring in more factories to build more lightnings. the inventory return rate is eight days. what does that mean? that means that people are getting them as soon as they come off the assembly line. they put them on a carrier to the dealer, paperwork is done and out the door. it is extremely fast. let's talk about general motors. the company today says the buick dealers, if they are not going to be upgrading their dealerships as the brand goes all electric, buick dealers will be bought out or get a buyout offer from the compa

from what i hear of the ford report it was i i hear of the ford report it was probably— i hear of theection. well, i don't agree with you on that. million people didn't vote for us and we can respond to that by simply saying to those millions of people who did not vote for us, some of them voted tory for the first time, we can either say you were wrong and we won't listen or we can be myself reflective. if you lose that badly you put a mirror up and your sites not the electorate has to change, its the labour party. just to finish on my point, when we took over we were coming off the back of their worst defeat since 1935, most people said to me, good luck, when i became leader of the labour party but they said you will never do it within five years, it's too difficult to get the labour party off its knees and face down into a position where it can form a government. two and a half years later, the challenge i'm now facing is why aren't you further ahead in the polls. i is why aren't you further ahead in the olls. ~ ., , ., �* is why aren't you further ahead in the olls. ~ ., , . �* the

check out ford here's the stock story of the day. it's at the very bottom of the s&p 500 getting crushed as the automaker joins a core russ of other firms warning about earnings we'll talk about that. on that note, coming up this hour, gm ceo mary barra will join us along with the ceo of hertz to talk about a new deal for electric vehicles. >>> plus, washington comes to wall street. national economic council director brian deese will join us live at post 9 to talk about the diverging signals we are getting from corporate america first up, though, today's market, mike santoli, we're giving off yesterday's gains and then some. >> yes, we are markets are struggling in the continued march higher of yields, apprehensive ahead of tomorrow's fed meeting bracing for hawkish, although trying to find its footing, the s&p is at the lower end, four to five-month range that's just over 3800. i say that because if you draw a line right back this way, four months ago today, may 20th, the intraday low was 3810. we bounced on of that a few times. the

ford thought that those continued investigations would tear apartnt the country and that's the reason he issued the controversial and damaging pardon and some of the aides including robert hartman who was close to him told him not to do it and he said about why now, why not do it later, why do you have to do it right now and we did it just a few weeks and to the presidency and ford i think correctly thought that this was necessary for the nation to heal and it hurt him, he lost that in 76 to carter and he may have wanted if he hadn't issued the pardon but the nation would have been in a poor situation. >> did he ever express regret about the action? >> not that i am aware of. i think that he defended it and it's been an important part of the legacy. they don't get to know in for much if you look later what each president is known for. president ford is forever known for those words our long national nightmare is over and those were the words he issued when he gave the pardon and i think that reflects well upon him. >> new jersey next on the democrats line. go ahead. >> i just wanted t

grants, which ford opposed. so now it's it's again, it's one of those things where you know, the world looks different from the white house than it does from the hill. and president who's concerned about budget concerns, you know because money. you're spending it here. you can't necessarily spending it there priority may differ, but you know, i don't think that one stuck with him too. badly. he knew was going to be overridden and you know, he supported probably 90 nine percent of the bill except for that one. why not? so now that didn't there were others i think been struck in his stuck in his prom more more than that sure certainly certainly. well, you know, we've got this really fantastic audience real history lovers here and one of our audience members has asked if there's a way that they as members of the public can get access to that early speech you mentioned that you had to root around and and dig for laying out some of president nixon's environmental interest. is that something they can go to the to the

. >>> ford shares are going to be down in the early going. they warn of extra $1 billion in supply chain costs it suffered during the third quarter >>> and swan song. shuttering two tech-focused spacs after not finding anyone to acquire >> let's begin with the markets, though, and the fed, jim expectations we got sweden now with 100 basis points it will be a waiting game all around the world >> sweden playing catchup what's important, carl, is the two-year treasury which is flirting with 4. the previous guest was talking about saying nothing that was compelling but something that yields 4% in two years if you can boy something 98.07, it is better than owning the average stock in the s&p >> you believe that right now? >> well, 4%, i think if you have new money you can beat that in yield, which you can in the oils i think it's a tough sell. that is one of the reasons i didn't trust yesterday's rally you need to see a piece of paper go back to 3.5 at 3.5, you would think, wow, i made a big mistake versus a typical yield on, say, verizon you know

they are saying the vehicles should be delivered in the fourth quarter and rival gm -- ford had been doing better with the inventory and had fire over in japan supplier a year ago that caused them to be able to fill. they have so many suppliers. >> you know what ithought when i heard this story we talked about every other industry that couldn't keep up with demand and all of a sudden, demand shifted and the stuff was here and you look at the retailers and any of the different industries and it made me think i want to wait before i buy a new car. you will go from a six-month wait and all of a sudden, the tens of thousands of cars almost ready to go will flood on the lots at the same time. >> you know what it is called? the bull-whip effect you know why i know? studying up for the supply chain conference with sal. i'm studying and learning about just in time and just in case and inventory. all of those. >> i don't know if we will have a shortage i think we will have a shortage. >> used car prices came down for the first time in a year. >> so many people have been holding off and waitin

john cordoba from krasnodar and fords.arova from akhmat, the list of the most expensive players in the league is headed by five south american legionnaires. zenit, led by maycomm from the russians, the leader is the goalkeeper, krasnodar matvey safonov, the portal estimates its transport cost of 16 million euros. stanis, russian danil medvedev dropped from first to fourth place in the ranking of the association of tennis professionals, updated, the version of which was published on the eve of the official website of the atp, the russian led the world rankings for 13 consecutive weeks, the entire bear stayed. in status. the first racket of the planet for 16 weeks andrey rublev, who reached the quarterfinals at the us open, returned to the top 10, having risen from 11.09 place karen khachanov, who lost in the semifinals of the us open, moved from 31 immediately to eighteenth position aslan karatsev, who completed his performance at the us open in the first the circle lost one place and located on the 309th line ekaterina ale

you know, when they asked henry ford, when henry ford was asked what do people want, he always said fasterknow, nobody could think of the automobile as a practical thing that every american could have and what, are you going to replace blacksmith shops with gas stations that's what you're going to do yes. and that's what we did and eventually you will see gas stations being replaced by charging stations. but there are still horses there are more horses today than there were during the civil war. and i think all of these sort of cars will be somewhat classics and people will enjoy working on them and tinkering with them, but you use your electric vehicle to go to the airport or run errands. i have a little electric car that i use to run around town. you know to me it just seems to make sense, and it seems like the future >> jay, thank you so much for your time today. we appreciate it >> thanks for taking the time. >> oh, you bet >> tomorrow night. >> yeah, catch the full episode of "jay leno's garage" with elon musk that's tomorrow night at 10:00 p.m. eastern time only right here on cnbc th

elizabeth: ford o'connell, thanks for joining us tonight. >> thanks, liz.his november, be sure to catch a production of my play based on my book skirting heresy. a true story what was going on in catholic england before joan of arc was executed. it will be shown in kingsland, england, outside of cambridge, england. run starts november 9th. coming up texas governor greg abbott takes it up a notch. designates drug cartels as terrorist organizations. he is asking the white house. they have to do the same. will it? far left democrats at the last minute undercutting a pro-police funding bill as voters are focused on crime and inflation on the midterm.u' former nyc officer bill stanton next or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. another busy day? of course - you're a cio in 2022. but

why am i recommended ford? because it's the only auto maker with electric vehicles people want without advertisement there is a half they could hit a half billion by next year. that's why i think you're getting a very un uusual buying opportunity. ford can't produce enough vehicles on any product line that's how popular they are. buying back shares from the 20s. don't forget, they're paying it away with the 5% yield there is regional bank that is high on 4.9% yield the spread what they pay for deposits and loans is getting larger, banks used to love when the fed raised rates to save the banks from the savings and loan crisis good question. the worry with the high recession and rates is a recession which means people can't pay bills and more defaults very few bad loans and i like the cleveland location plus a great pal lance sheet. it's insane to get it with a 5% yield. i expect slower loan growth going forward. i'm not worried about the spike because people were borrowing attractive rates and many are locked in

a lot according to ford.ed they've been holding back shipments of some cars and trucks because of difficulty getting name plates and logos made. supply chain issues have been hampering the car company. the blue oval badges and the nameplates that indicate the model are important identifiers for ford's vehicles. >>> this is a record sure to warm your heart. wwe superstar and actor john cena now holds the world's record for the most wishes granted through the make-a-wish the foundation helps make dreams come true for children who have been diagnosed with a critical illness. cena is the most requested celebrity. he's granted 650 wishes, that's 400 more than second place. >>> that's your cbs "money watch" report for this monday morning. i'm debra alfarone, cbs news, washington. >>> up next, dog racers get a leg up. the annual corgi cup takes an unexpected turn at lumen field during halftime. i have moderate to severe plaque psoriasis. now, there's skyrizi. ♪things are getting clearer♪ ♪i feel free to bare my skin

ford says.s in response to reports of two dozen fires caused by failing cooling and heating fans . the second recall covers several models of ford pickup trucks and lincoln continentals in the model years. 2017 through 2020 ford says the rear view camera lens and those vehicles can get cloudy. it can make it hard for the driver to see. check your ford dealership to get that fixed. i'm pam cook. that's look at your dollars and cents. thank you. 8 48 your time right now. sal castaneda is here in sl. earlier you were tracking an issue in lafayette. how's that looking? it's still there. unfortunately i don't know what's taken so long. we've gone on an hour here where they had haven't opened the lanes here for this injury crash in lafayette. on 24 westbound, uh, they said. chp said that the injuries weren't that serious, so i'm not exactly sure what's going on. we haven't had a lot of information, but we do have it on camera and you can see that they're still out there here temporarily holding all th

the birthday and remarkable life of the first lady betty >> ford. i'm executive director the general art for presidential and on behalf of the president trump foundation want to express her warm appreciation to susan ford bales ann ladies d gentlemen the first lady of the united states accompanied by postmaster general lewis dejoy, mr. fred ryan and mrs. ann peterson. here thank you. thank you. thank you, dr. jill biden first lady of the united states for hosting us here today. it is a tremendous honor to be here with all of you. i have the privilege of announcing the united states postal service will issue a first class mail for ever postage stamp commemorating the life of first lady nancy reagan. so i'll stamp program the postal service seeks to commemorate and celebrate the very best of america. and nancy reagan truly represents that ideal. mrs. reagan will be the sixth the first lady honored with the us postage stamp. the previous stamps will issued for martha, washington. the first american woman ever featured on a postage stamp. dolly madison

the suspect that was driving a white ford mustang ran out of gas on the bridge. so he veered off to the shoulder. >> and exited the vehicle and he ran into the lanes of traffic and a passing motorist struck the suspect, officer bar. she says at least 2 vehicles struck yeager who died from his injuries. >> those chp was never involved in the pursuit. i asked officer about what warrants one from his agency. we out the the risk versus gain. >> we look at traffic conditions but look at weather conditions but are things we take into account whether we should continue to pursue, are we? we should just the chp also considers the type of crime that has occurred when deciding for pursuit is warranted or not pursuing a murder suspect, you know, are versus pursuing someone that that was speeding or person stole some items from a store. >> now, those are things we also take into account the stolen ford mustang has been taken by the san mateo county sheriff's office as they investigate the car theft and fatal crash reporting in the newsroom. i'm rob nesbitt kron. 4 news. we h

and ford says thousands of its most profitable vehicles are sitting unfinished because of pass shortages us car make and may the announcement is it flashed. it's 3rd quarter earnings forecast. it expects to have $45000.00 unfinished vehicles on its hands. by the end of this month, mostly s u v and trucks. let us get more on this from our financial correspondence in new york dance course again is always lovely to have you on. so i, how big a problem is this for, for well, at least short term was 3 and seems to believe it's a big problem. the stock came here on to stay dropped by 12 percent about $7000000000.00 of market capitalization got wiped away, and it was the 1st trading day for fort within 2011. so in more than 10 years. so. so if you look at the short term picture for 10 to renegotiate with suppliers that lead to an additional cost of about $1000000000.00. if you look more on the midterm for it expects to actually meet a profit expectation for the full year. so some of the sales that are not happening in the 3rd quarter might happen in the 4th quarter, but overall at least wall st

arizona attorney general mark brnovich and ford o'connell. california is doubling down and going electric still amid. wildfires sparked by downed electricity lines. they're not ready for this. florida governor ron desantis is firing back at governor newsom. states remotely control your thermostat to conserve energy without you knowing about it. mayor of memphis slams weak-on-crime prosecutors after a string he have deadly killings. hunter biden exposing access to the obama white house to get lucrative business deals with china. democrat mayor of d.c., her city council now claim texas and arizona busing migrants to washington, d.c. it turned washington into quote a border town. are they finally acknowledge, finally seeing this is biden's border crisis in full display? i'm elizabeth macdonald. "the evening edit" starts right now. ♪. liz: staying on the news about the passing of queen elizabeth today, buckingham palace relessing a statement saying the queen died peacefully at balmoral castle in scotland. the royal family traveled to be by her be