ford motor company and general motors will not spend billions as they have to traform their factories all of a sudden, because someone else's elected, they are going to turn around and say, we have a different view of the economic future. that is not happening. not in the united states, not anywhere in the world are people going to suddenly turn away from the science and the facts that are dictating that we have to deal with this crisis. even as we deal with ukraine and other crises in the world, the pandemic and so forth. that is absolutely essential. and it is clear that it will cost all of us much more money not to respond and make this transition now then it will to pay for it and do it now. . much more in the future, if you do not do it now. james: secretary john kerry, thank you for speaking to us. sec. kerry: thank you. james: let's turn to china which has hit back at the u.s. government, bans on tiktok. beijing has accused washington of overreacting after employees were given 30 days in which to remove the app from government issued phones. have a listen to the response from t

tune into our interview with jim farley ford motor and president and ceo ford motor company.bloomberg. keeping you up-to-date with news from around the world, here is the first word, i am lisa mateo. china is urging europe to further peace talks between russia and ukraine. the beijing proposal would freeze russia's gain. they spoke to a french official not long after xi jinping had a meeting with vladimir putin. regulators in the u.k.'s say that they have narrowed this scope of their probe into cloud gaming. in florida is raising its forecast on how many electric pickup trucks it can build by 40%. the new estimate 500,000 year. he is optimistic that the eb business will be profitable even though it set to lose 3 million this year. >> we think we will make money like tesla did. we have to scale, we have to design the vehicle differently for a smaller battery and we have to get our distribution to an manufacturing cost down. we are optimistic that we can get that profitability in that we can scale. you can see all of that interview with jim farley. he spoke tvid westin about co

when the army left, the site was in marked ford motor racing until klaus mondrey came along. he campaigned against turning the forest and meadows. if the $270.00 had to site into a race track. in doing so, the biologists saved the habitat of the thick antenna plant bug and numerous other species. some may not even have been discovered yet. screens in the a, d r. it's the unsaid calculus species that are disappearing for the ones we're not focused on and get us cuz i don't see it as a ranking because this species are unknown. i can't decide against his business if i don't know it exists on his printer on to him. so they're not just a multi unit. hm. and so the more appealing ones tend to be prioritized towards understand. we just have to accept it. what's going on about? we can't give up and allow ourselves to resist efforts to save other species. launching who lesson of the under an auto group looks just like the bug itself. it's happy tant, has suffered long term neglect. the ran insect thrives only in the transitional fringes between forest and field intensive, farming and

announced that it will fire hundreds more of its employees in order to reduce its costs . the past ford motor company also fired more than 3,800 of its employees. the victims of the collision of two trains in greece increased to 36. 85 people were injured . a cargo train collided. a greek official described the collision between two trains as severe. the spokesman of the greek fire department also said that due to the severity of the collision between the two trains , the evacuation of passengers was carried out in very difficult conditions. in the world, america died due to corona with 105 deaths, brazil is once again at the top of the list of deaths returning from america, with 81 deaths and japan with 67 deaths. the highest number of infected people in the last day and night were also recorded in brazil, japan and south korea. in the last 24 hours, about 95 thousand people in the world were infected with corona. as you learned in the news, after america, the european parliament also banned the use of the chinese social network tik tok for its employees. this country considers banning tik t

you're late on your payments, you missed a payment, ford motor has the capability to lock the doors,hile you're in it to the auto showroom. >> yes. well, or to the salvage yard or to repossession lot. that is something that when this came out, people were very upset. and i think we actually won on this one, though. the pushback is strong enough they decided we're not going to do this. they don't want to lose sales over this. maria: well, it's pretty incredible what's going on right now in the auto business. i mean, auto loan delinquencies are at the highest level that they've been since 2006. what are you thinking about these delinquencies? obviously, any area that's real sensitive to higher interest rates has seen massive demand he destruction. that's auto as well as housing. are you expecting more companies to take measures like this? >> oh, and we're already seeing it. there's a lot of rumor going on, i had a conversation with someone last night, about what we're hear aing ing behind the s of inventories starting to pile up and manufacturers thinking tg what a are we going to do.

stuart: it's fascinating 11 bucks a share on ford motor company. get into. >> yeah. stuart: and you know why. apple. a bidding war getting into it to stream premier leg soccer. >> yeah. it's gasping for stu there. stuart: i'm appalled. >> you're appalled? the streaming rights, so these are streaming rights and it's not for domestic from what i understand so it's not going to cost, they aren't going to pay $6.3 billion like bt sports guy and amazon does from 2022-2025. i don't know how you watch premier league football but you might watch it on apple in the future. they spent multi-billion dollars to get the exclusive right for major league soccer and also spent for that exclusive game for major league baseball on friday that you'll start paying for on apple tv plus. stuart: in the interest of getting as much news in as we possibly can, i shall ignore premier league soccer. >> wait i have one more apple headline with content and they are spending a billion dollars making films for the big screen before it goes on the streaming site. stuart: tesla. >

. >>> ford motor says its ev unit lost $3 billion in just the last two years.ompany says it sees this as an investment in new technology and expects its electric unit to be profitable by late 2026. cfo john lawler called the ev unit a startup. >>> and the new head of starbucks will don a green apron. in a letter to employees, ceo laxman narasimhan says he plans to work as a barista in stores once a month. he became chief executive this week and is leading the company during a tense period as the coffee chain tries to fight unionization. >>> that's your cbs "money watch" report for this friday morning. i'm shanelle kaul, cbs news, new york. >>> a new study on the health effects of coffee found it could help and hurt you. researchers said drinking caffeinated coffee causes people to move more. they take an average of 1,000 additional steps a day. but the study also shows people lost about 36 minutes of sleep on the days they drank coffee. that cup of joe could also cause an increase in one type of heart palpitation. >>> up next, zebra on the loose. the frantic ef

this is a ford motor mentality i need so, and i think there shows the relationship with us is all important in terms of economics and domes of energy because off russia being so close to us, we have seen that energy prices have gone down. india has benefited and india has become a bigger public health and rehab hide. oh, you know, we still, i'd beat in the 80 of energy but due to russia v. how board steady supply or oil steady supply august. and that has been a very important economy to leadership has benefited us a lot. we have seen that on partnership has no immediate it not only from defense, but from it one mix to energy. also, you'll find plenty more of the latest news updates on our website. r t dot com will be back in 30 minutes with more. see them. with one of the most important whistleblowers of this decade is a man who is mostly unknown to the world. daniel hale, a former national security agency intelligence analyst, and member of the u. s. air force bravely told the world that the u. s. drone war was wildly unreliable, and that it was causing the deaths of an untold number of in

in the european union, ford motors has caught nearly 11 percent of its workforce in europe over the next 3 years as part of its pivot to the production of ease. for european leaders advocating action on climate change have pushed back against that argument. the industrial revolution is happening, whether we like it or not, we can choose to lead it. we can to, to do it in a way that is socially compatible with our values. or we can leave it to other parts of the world to lead it. and then all we can do is follow. and d, industrialize we need to rebuild our industry on the basis of the future. and the car industry can lead this. all right, let's take this on. we can speak now to a casper rules to the chief dates or officer at a benchmark mineral intelligence, which is a price reporting agency consultancy focused on the metals supply chain at casper. first up, why is it that some european countries are pushing back against this ban? i mean, i think there's some concern over where the industry's going to be ready to, to move to a fully electrified future obviously that that's the target. but

[applause] ford motor company could have picked any state in the country. why did they choose to plant their roots in west tennessee? in-n-out burger, iconic family-run company, of all the states they could have picked and the new hub east of texas is coming to the volunteer state. why tennessee? because american people know a leading state when they see one. and that's why people and families and companies are moving here in record numbers. our investments in public education and work force development, safe schools, and our commitment to freedom and to families have all earned national recognition. and our commitment to this high quality of life doesn't stop at the borders of our big cities. in fact, it begins in the most rural areas of our state. thanks to that commitment, the number of distressed counties in tennessee has dropped from 15 to 10. and we are not done. [applause] and all of this has paid off in the form of thousands of new jobs and historic economic development, creating more opportunities for every tennessean to have a better job, a better

ford motor company. what is the story?n: they just called a patent, which doesn't really mean anything, but shows how they are thinking that if you are late on your auto bill they can do things to your car that are really annoying. they could start gently, you miss the payment, they can send a message, or they can make the car make really obnoxious noise. or they can mess with the seats because your car is a computer right now so they can hack in and do this stuff remotely and even repossess the car. doesn't mean they are going to do this but exploring the option to do it. guess how much a car payment is? $717, a lot of money. once you fall behind you usually continue to fall behind. people aren't going to pay up. stuart: okay. we've got that. what have we got? tell the audience what is coming up. apple just blocked and apps that uses chat gpt. they have an issue with that but not tiktok? the report coming up. and agent turned whistleblower said the fbi committed threat tag to target pro-life supporters, it happened over t

children as young as 12 years old working for major brands like ben & jerry's, fruit of the loom, ford, general motors, walmart, whole foods, and target. in a, the biden administration has vowed to crackdown on migrant child labor. we will speak with hannah dreier who traveled to alabama, florida, michigan, south dakota, and virginia for the story and spoke to more than 100 migrant child workers in 20 states. then we look at how brazil's new president luiz inacio lula da silva could play a major role in peace talks to end the war in ukraine. >> my suggestion is we form a group of countries that will sit at the table with ukraine and russia to try to stop the war. brazil will make an effort. amy: we will speak with celso amorim, lula's foreign affairs adviser. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. u.s. treasury secretary janet yellen made a surprise visit to the ukrainian capital of kyiv on monday and announced the transfer of $1.25 billion in new economic aid to ukraine. >> as we mark one year since the beginning of this f

. -- tune in our interview with jim farley president and ceo of ford motor company.you up-to-date with news from around the world. here is the first word. u.s. prosecutors have charged terror firm with orchestrating a massive crypto fraud. he wiped out $40 billion worth of market value. he is already a fugitive in south rio. in japan, inflation slowed for the first time in a year. consumer prices rose 3.1% in february, down more than a full percentage point. but without government help it would've been higher. kim jong-un showed weapons used for attacks against the u.s. and allies. including an underwater drone. a drone cruised for 60 hours before detonating. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. alix: it is etf friday. we want to see where money flowed. i am gonna guess money market funds, and global market funds? katie: these aren't etf's per se but we have to talk about them. money market funds have taken $230 billion of new cash over the past two weeks. this mo

. >> a word about cattle senator, because glenn youngkin told ford motor you are not building your request because you use cattle technology, then we learn hunter biden is a big investor in cattle, got his hands on all chinese investments made so much money is that why joe biden doesn't want to get tough on ccp? >> that is a question for the administration i think reason to be spuchs suspicious why request in earn farmland expensive to be in farming because of rules regulations why they want it understand in time of conflict of crisis time of pandemic, what really matters can you feed yourself can you fuel yourself with oil and gas can you make things, things that matter the things that are durable resilient in an economy, that is what china and rush dominate russian economy is built on oil, gas fertilizer grains, chinese economy built on industrial capacity, and the minds and mines farmland around the world we are building our economy on services movies i guess social media influencers none is going to matter conflict is coming there is authoritarian bloc rising in china, russia noth in u

ford motor company. lauren: two issues, stock is down 3%, brake fluid can leak, the other which impacts 20201f 150, issue with the windshield wiper. stuart: would you ever purchased forward? >> that is a treacherous one. conventional car companies not the place to be. >> electric vehicles, pretty awesome, pretty awesome. the old-school manufacturers make some great rvs. stuart: senator bill cassidy's bars with treasury secretary yellen about social security. watch this. >> why doesn't the president care? >> he cares very deeply. >> where is his plan? >> he stands ready to work -- >> that is a lie. stuart: strong stuff. where's the president's plan for social security? china pushing back on a threat by us officials to ban tiktok nationwide. tiktok's chief executive says devasting the company from chinese owners will not solve national security concerns. we will follow up on that. florida's governor desantis against providing ukraine with f-16s. you wants peace talks now. i wonder what rebecca koffler thin

, on china, so, i spoke with governor glenn youngkin on "sunday morning futures" sunday he told ford motorour ev you are factory in virginia you are using chinese technology, the company he mentioned was cattle, here is glenn youngkin with me. >> we went to work to fully understand what was going on between ford a company called cattle not just influenced but controlled by chinese communist party, to not allow them to use a trojan horse structure to gain access to taxpayer incentives, that were put into inflation reduction act, this is using taxpayer money to further enrich a chinese company at the compensates of america. >> ccp has been incredibly strategic smart the way infiltrated america from technology company cattle we learned later, is a hunter biden investment. so he also has a stake in cattle, energy the united states from things like that, to the universalities academia infiltration as well. >> hoo. >> maria first off i common governor youngkin for bold decision to refuse -- in virginia democrats reckless tax and spend package was designed to try o get america producing minimaliz

stuart: next case, ford motor company mother stock on screen, $11 a share, ford's electric last $2 billionctric vehicles. of the 25, how did they get out of this? >> reporter: they will continue to invest in this space and losing billions of dollars, hoping to have it by 2026 with e vs but billions in losses. ceo jim bartley says the e v unit should be seen as a startup company and they lose money at the beginning, we are just seeing these massive losses now, the number as you ran through because ford recently separated there ev operation from the rest of its organization. we are finding out how much their business is costing us. the ford f 150 propping up the evs, $10 billion in profits with our gas combustion engine. >> we are transparent with everyone. we don't want to hide our losses or hide the turnaround and profitability inside our company. we need a focused team working on the startup and make money. >> reporter: ford is one of the only wants to separate out the model that way to get of true sense of how much they are spending but they are not alone. $1.2 trillion spent through 203

. >> ford ford motor company.t repossesses itself if the owner misses a car payment. triggering a cycle of incar consequences with information on our infotainment screen, then if notifications are ignored the car will drive you crazy, cut off your air-conditions, then you will afr agrief not cool, it will a activate an unpleasant sound, will not stop until you play your bills, most likely bruno mars, car will lock you out, drive itself pack to dealership and flip you the bird. get ready to hear sad country song about a man whose car left him and took his wife. >> topic 5. we made it, time for kennedogs. let's show them off. angel. loves chasing squirrels, she is a good girl. you are such an angel. next, lula. playing with her unicorn toy and enjoying florida sunshine, she loves ron desantis. and chase loves riding in the car, his happy face. here is another one, hazel, she needs her coats and booting to survive the chicago winter, its hell out there hazel. and dolan with his bow tie on. and we salute, mattie, foun

. >> well, 9.52, ford motors now recalling nearly 100,000 of its ranger pickup trucks after discoveringnt air bag inflators warrant installed correctly. so this new recall covers ranger pickups from 2004 to 2006 model years. you may remember these are the models recalled back in 2017 18 because they have those faulty takata airbags in that could explode sending shrapnel flying people. well, owners of the rangers in this latest recall are going to bring their vehicles in once again for an inspection and if necessary, those airbags will be replaced free of charge. >> we're going take a break at >> we're going take a break at 9.52. we'll be right back. you go by lots of titles. veteran, son, dad. -it's time to get up. -no hair stylist and cheerleader. so adding a “student” title might feel overwhelming. but what if a school could be there for all of you? career, family, finances and mental health. it's coming along. well, it can. national university. supporting the whole you. >> 9.55, on the clock. and before we go, let's head upstairs check in with olivia horton. find out what's coming up

of course they face heavy competition from the like of ford motors as well. market player. but really a lot of hurt in that market structure, so this perhaps necessary for gm. >> and european banking stocks are headed for their largest one day fall in nine months. this comes after we saw a really significant sell-off in u.s. banks yesterday. tell us about what's happening with the bank industry and confidence. >> it does follow on from sv bank which had that capital raise it was capital raising for, now it's because of the deposit withdrawals they have seen at around $1.8 billion loss when it comes to the selling off of some of those deposits as well. that has really spooked the market. of course they're a real big vc player as well, so that has meant a lot of startups may find themselves in a difficult situation. so svb really struggling to get money, so having to capital raise the fear across the banking industry is that a lot more other banks will have to do the same. so you saw a sell-off in a large number of u.s. banks. that has then filtered through eur

. >>> what the heck are we supposed to do with a stock like ford motor in this kind of environment? came in in 2020.Ñi finally brought in a car guy to run a car company. but after surgingw3vol to 26çó year -- it's been a bow wow. we bought ford for the charitable trust not long ago. we sold a lot higher. it's still down 55% from its highs, which is not good. it's juste■ one thing after another here. first the semiconductor shortage. supply chain disruptions. they had surging cost pressures, w!■ some operational issues, pension problems. much as i do like jim farley, this show's about making money not about making friends. my patience is starting to wear a little thin. as you could expect. as everyone's expecting. if ford can't deliver the last couple quarters we might have to couple quarters we might have to dit#iq stock for the trust. even though i love my/t maveric pickup and my daughter loves her sweetq blue bronco. that's why i pay close attention to ford's so-called teach-in yesterday, basically an analyst and investorq event that sounds and investorq event that sounds like a v

i just want to make sure the dod is aware of ford motor company partnered with communist china on the battery technology to make sure the dod committed to not purchasing communist china's battery technology. can you speak to the issue and what you at the dod are doing to purge china from the dod supply chain, make sure we're not buying chinese technology with the u.s. sticker on it? >> as you know this is a far bigger issue than just the department of defense. we support a rules-based global market, and that's been what we support for a long time. as you do that certainly you will have supply chains that run through places like china, but what you've seen our leadership do recently is move to, as best we can, begin to onshore some of those capabilities that are represented in the supply chains and limit our liabilities of their and limit exposure. >> secretary austin come if i could would you agree that if you send money to one person and that person since money then to communist china and communist china can use that money against the united states, i mean, that's a circle where our

in michigan, children make auto parts used by ford and general motors. i know this looks bad.ome up with a way for a mega corporation to break even without enslaving children. >> we talk a lot about sexual harassment in the workplace, but nobody wants to hear the obvious solution, a 7-year-old manager. >> my concern is the griffin college admissions essays these kids will churn out. it might be enough to take spots from some legacy kids. >> ultimately, we are the victims. up next, amc theaters. the movie giant knows that when people go to the cinema, they want to escape everything about real life, except for where they stack up in our inescapable economic hierarchy. similar to sporting events or broirks moviegoers will have the option to pay more or less for admission depending on where they choose to sit in the venue. i love being able to pay a little bit more to feel superior to the people around me. the lesson of every movie i go see. >> look, every experience should be fiscally stratified. why can poor people see the same sky as me? can't we make the sunset pay-per-view? >

brothers from tesla, general motors, ford, any other manufacturer. if you're using a driver assist system, the driver is still ultimately responsible and has to be paying attention and ready to take full control at any moment. the national highway traffic safety administration. it's a has sent investigators to 35 tesla crashes and which automated systems are suspected of being used. 19 people have died in those crashes. but analysts say federal regulators have failed to do anything about these auto pilot systems. they don't have to take the vehicles off the road. but i think that they should be ordeting tesla to, you know, to disable the system. analysts say nitsa has also failed to require any fixes recommended by the national transportation safety board. among them gio fencing, which limits what locations, autopilot can be used. >> as well as driver monitoring which other manufacturers are which use an infrared camera. >> that looks at the driver to make sure the driver is continuing to watch the road when using these types of systems and alerting

>> jacques nasser, the ceo of ford motor company, paul ryan is close with lachlan and he is the seeminglyce of reason now pushing them to do what they didn't do. i think unless they see a dip in their ratings, unless they see a real kind of financial pain here, they're not going to do much. that's the bottom line to me. i hate to be so cynical about it, but i think there's very little financial reason for them to do much unless their bottom line is hurting. and right now it's not. i don't know that fox viewers know anything about what we're discussing right now. i don't know how, like, carefully they're -- >> it's so true. it's funny because it's so crazy but, yeah. you're right. i'm guessing that the board members do because it seems from the dominion filings that they've all been deposed. it is a fantastic sort of reality check to end on. jeremy peters, you and you, miles, are invaluable to these conversations. frank and mary are sticking around a little longer. next for us, we head to capitol hill where republicans again seem uneager or unwilling to denounce the growing rise of white n

in the ford general motors era that's when you get what we think of as mature mass production. we'd relative homogeneity and a very well functioning assembly line. we still have to realize now that most of what we buy is not the product. we are not paying when you buy meat in the grocery store. you're not often paying for the meat you're paying for all the processes. to prepare cut way measure and package that stuff and then transported to the supermarket so you can buy it for your home. and a lot of that comes about because you have a system worldwide at least among the developed economies that is created a very good system for either buying outsourcing a lot of things they can buy from foreign intermediaries. whether they be in china or elsewhere and combining them with things that are only made in house. within a support and service and marketing system. that is also very well developed in the home country. we're going to talk some more about this and the issues of what things impede development. what things impede did optional technology next week or rather the week after t

ford. general motors showing life today here we see new highs there a small group but almost all industrial-rand and united big internationals at new highs and some other groups in cyclicals. material stocks popping up and a gas manufacturer, mosaic, one of the big fertilizers companies in the world not quite a new high, almost new core lens, steel dynamics new highs and moved 90 points. that's 2% in 24 hours for s&p 500. breaking out of that dtrend we'v been into. the vix, droppeds below 19 called volatility friends why isn't the vix strong with all of this anxiety because s&p isn't moving fast enough to get anxious and drive the 6vix up unusual to be below 20 long-term average for that and getting into complacency territory, my opinion. just not volatile enough, not big enough moves in the s&p to cause a lot of panic and why the vix is going down. >> bob pisani with the latest on the markets. >>> rick santelli out of chicago. at least for today, yields are falling. there's a bid for those risk-free assets rick >> yes we see stocks in the green we see treasuries in the green, and that real

joey: from oneself importance flip-flopper to other maybe, senator joe manchin is slamming ford the motorny for partnering with a chinese company that builds batteries. joe manchin saying i'm totally opposed. i'll be danged if i'm going to give them $900 out of $7500 to let it go to china for basically a product we started. you're telling me we don't have the smart people and the technology and we can't get up to speed quick enough? that doesn't make sense. now, it's not that i don't agree concern i kind of start this not heavy on joe manchin. it's not that i don't agree with him, it's just this is a politician who we used to think would kind of be a maverick, but we realized in this last year will make bills thinking he's going to get something out of it and then get nothing out of it like he did with the inflation reduction act and where we are with coal mining. but this is a guy who thinks he's so important in d.c., i don't know if he understands how these batteries are made and that it's government regulation that has pushed china to be the ones that provide batteries. it's the votes

china flew a spy balloon across the united states less than5 days later ford motor compa's with most iconi brands that they were team with technology to devop a multibillion-doll battery pla. director hank is it time for us to declassify informaon we haven china, their espnage with the jointmerican our industries soe can expan to corpore america you have to break your ties with communist china? thank you sir we do actually have been continuing to try to declassify as much information as we can on these issues to ensure they have everything they need to protect themselves. >> the to not going toward china for corporate arica to understand they have dual source or multisource and get out of there. with that i yielded two seconds, te to cut you off bottom on the clock. thank you. director rate yesterday expressed concern about ability for the ownership to control narrative, software data on ktok. for another chinese entity owns or maintains control ofiktok or its algorithm would you maintain those concerns? >> yes. it's the ownership of the ccp that fundamentally cuts across all those c

i mean, we have amazing product from hyundai and kia, ford, general motors, audi, bmw, mercedes.ry single car company is manufacturing evs now, and they're offering a lot of their different models both plug-in, hybrid and even internal combustion. as people experience evs and understand the benefits of evs, they're going to ultimately choose evs when they buy their cars. these car companies are going to have to switch over whether they like it or not. legislatively on a global basis, the world has decided that'll be better for the environment to use electricity to power up our transportation. and that's really what's driving a will the hot of the growth in our business. there are a lot more cars on the road. we saw from last year to this year on a global basis went from 6% evs now to 10%. liz: yeah. >> and by 2035, 2040, it's going to be almost impossible to i buy an internal combustion engine car. liz: i did not know there are about 223 dealerships that sell mitsubishi, and you got that contract too. >> correct. we've gotten a really lot of traction in the oem space. we're getti

china flew a spy balloon across the united states less than 15 days later ford motor company's with most iconic brands that they were team with technology to develop a multibillion-dollar battery plant. director hank is it time for us to declassify information we have on china, their espionage with the joint american our industries so we can expand to corporate america you have to break your ties with communist china? thank you sir we do actually have been continuing to try to declassify as much information as we can on these issues to ensure they have everything they need to protect themselves. >> the to not going toward china for corporate america to understand they have dual source or multisource and get out of there. with that i yielded two seconds, hate to cut you off bottom on the clock. thank you. director rate yesterday expressed concern about ability for the ownership to control narrative, software data on tiktok. for another chinese entity owns or maintains control of tiktok or its algorithm would you maintain those concerns? >> yes. it's the ownership of the ccp that fundament

china flew a spy balloon acrs the united states less than 15 days later ford motor company's with mostconic brands that they were team with technology to develop a multibillion-dollar battery plant. director hank is it time for us to declassify information we have on china, their espionage with the joint american our industries so we can expand to corporate america you have to break your ties with communi china? thank you sir we do aually have been continuin to t to declassify as much information as we can on these issues to ensure they haveverything the need to protect themselves. >>he to not goi toward china for corrate arica to understand the he dl srce or mulsource and getut of there. with that i yielded two seconds, hate to cut you off bottom on e clock. thank you. director rat yesterday expressed concern about ability for the oership toontrol narrative, stware data on tiktok. for anotherhinese entity os or maintainsontrol of tiktok or its algorithm would you maintain those concern >> yes. it's the ownship o thecp that fdamently cutscross all those conrns. >> the algorithm that co

it is a startup buried within ford motor company.tability of our ev business up to the 8% ebit margin we committed to by 1 >> getting there, you know there are more than a few skeptics i don't think the cost of batteries are going to come down as much ss■ you say they're goig to come down. i don't think they'll get the efficiencies they're counting on. how did you counter that? especially off the fourthxd quarter where you surprised everyone withñr higher costs? >> we have an incredible teamrwo generations of ev vehicles. they know the game plan here. it is not just about the battery costs. it is about simple efficient designs of the vehicle. we arelp obsessed with taking t energy efficiencyok of a vehicl up, which allows us toe1 put a smaller battery in thee1 vehicl lowers our costs and allows us to on that path toward 8%. >> coming off thee1 fourth quarter, let's be honest, it was a mess. you surprised a lot of people by saying, look, we left, you know, a couple billion dollars out there that we shouldn't have left out there. and i

you mentioned ford motor company. about how they have 60 billion dollars for -- in the i.r.a., 60 billion dollars for environmental justice programs. about the size of forward motors. employees over 200,000 people. all this money we put into the -- was put into the i.r.a.. i'm not saying we. he was put into -- it could've been used for better ways. can you give us an example? >> absolutely. the biggest injustice of environmental justice is poverty. the fact that we're using environmental justice money to -- that's going to lobbyists. never going into the community to create economic mobility. it's not creating any business districts. not industrial parks. nothing that's going to improve the lives of those individuals. that money was equivalent to 2000 -- the tulsa black wall street. we could've built 2000 black wall streets. for the equivalent of that environmental justice money. in other words, we wouldn't be having a conversation about poverty right now. because all of our black communities would be thriving. but in

general motors we'll throw in as well those car stocks generally performing very well on the traditional side those with ev ambitions in fordeneral motors, up 4.5%. tesla just about 5% on the week so far some saying a disappointing call tesla shares trying to kind of see if they can hold onto some momentum banks stocks big given what's happening with interest rates. we've seen a generally more negative trade over the course of the week for banks overall down about 2%. we're up on the day on the s&p 500 bank etf and on the consumer side of things, staples wise, hormel shares, take a look at those some interesting news there with regard to kind of the pricing power dynamic that's happening with consumers and whether or not some of these big brand names can keep up with it. shares are down about 9% over the course of the week, down another 2.5% today back over to you. >> dom, thanks. >>> china's highly anticipated gdp target is coming out on sunday with the wall street consensus widely above 5%. se seema mody with more >> lockdowns and covid heavily weighed on growth last year which slowed to 3% wall street is optimistic that

these kids are working from major brands like cheerios, fruit of the loom, ford and general motors. in violation of child labor laws, but these kids have really begun to make up a shadow workforce, with no government agencies looking out for them, making sure that they are okay. >> so hannah, what is the biden administration, and members of congress doing to stop this exploitation of children? >> so we put out a story last weekend, sort of detailing the scope of this labor exploitation, and to their credit, on monday morning, the biden administration launched a series of sweeping reforms, mostly in the department of labor. so the department of labor will now go allowed and try to find these kids, and focus on creating some accountability to companies. often what happens is children come into companies through a staffing agency, and then, they escape any accountability. biden's administration is now cracking down on that, but these kids are still out there, pretty much on their own. they are released to adults, and in most cases, nobody follows up. so as we are calling for them to at

in michigan, children make odd auto parts used by ford and general motors. nearly all of us are likely buying and using goods fabricated by children's hands. we're all implemented in this story. these migrant children are under intense pressure to send money home to their families or to the people who sponsor them in the united states. many of them extorting the children for smuggling fees, rent, and living expenses. these children are ostensibly under the purview of the department of health and human services who assign them case workers to make sure they're cared for while in this country. "the new york times" reports in interviews with more than 60 case workers most independently estimated that about two-thirds of all unaccompanied migrant children ended up working full time. michigan congresswoman hillary scholten who has one of these factories in her district is rightly appalled. >> stories of kids dropping out of school, collapsing from exhaustion, and even losing limbs to machinery. these are the things that one might expect to find in a charles dicke

think about the ford motor company, iconic company here in america. lost $2 billion on their electric vehicle segment of their business. i can tell you, contractors, loggers, farmers, they're not going to drive a ford lightning in northern wisconsin when it's 25 below because it does not work. i think about bilas county where they were going to apply to repair a road under the infrastructure bill. $1.5 billion using federal money. talked to a local contractor. without the federal permitting requirements they could build it for half of that. $750,000. one of the key provisions to this is the reform to nepa. it does not change environmental standards. it just makes it easier to get prompts done. it is time to reduce the red tape here in america on american people, on american job creators. what is this all about at the end of the day? this is about whether you choose america or you choose communist china. is this going to be a 21st century of the american people? just like the 20th century, one of the greatest centuries the people of this world have ever

most importantly, autos, ford, advanced auto, general motors, all outperforming the market this is a sign overall when you see technicals moving, tech stocks moving, along with these cyclicals. take a look at the laggards, though a lot of tech stocks are not performing as well as the market alphabet and amd are down this week, not up defensive stocks like united health, humana, pfizer clorox, kroger's, they're also down you see here cyclicals up, defensive stocks general low to the downside that's a sign of optimism overall. i don't want to take anything away from q1 for the tech. this is amazing when you get the five or six tech names moving 15, 20%. the fact that these are the biggest numbers out there, they move up so strongly, they themselves move the entire s&p 500. the rest of the s&p 500 is relatively underperforming in the last week the character of the market is changing and that's why people are feeling rather bullish right now if you take a look at the vix here, the most important chart for the month here, started at 19, went to 30 and back here to 18 contessa, the bottom