he was afforded the dignity of a life after ford motor company. he was able to have a life with his kids, his grandchildren and his great-grandchildren, be part of his community and not just work until he died. my grandmother, she had a different path. she was hit with lou gehrig's disease. she had to retire early for her illness. she didn't have to choose between doctors, rent, or food. she knew she had healthcare and a pension to rely on and she retired and struggled to her health. for me, in sickness or in health, i don't know what my future holds. it causes fear and anxiety in the working people that don't know how long they're going to be able to laugh at a job. it makes people think maybe i i won't buy that house, maybe i won't put down roots in this community, or maybe i will say at this company. i didn't become a fourth-generation autoworker because i love building cars. i didn't become a fourth-generation autoworker because i love the low starting pay. or the lack of a retirement security that we now know. i come from a family of auto wor

apollo missions, but they quickly moved to detroit, michigan and my dad had a 30 year career at ford motorpany. dr. shah:0 your mother? dr. shah: my mom is in early childhood education specialist and started a montessori school iran that throughout my childhood. david: i assume you were a superstar student. dr. shah: i was a pretty good student and a drop in an indian american community that was pretty focused on being a good student. david:david: you went to university of michigan. dr. shah: i did. david: and what did you want to study? dr. shah: i started as an engineer because they grew up in a family where you're going to either be a doctor or an engineer and i thought maybe be an engineer, the other designer was my early plan. i quickly switched to literature, science and arts and started setting economics and policy. david: so when you graduated from michigan, he decided to go to medical school at university of pennsylvania. but medical school wasn't enough, you also wanted another degree as well. >> in reality i think i felt i was supposed to be a doctor because i grew up with that

but they quickly moved to detroit, michigan, and my dad had a 30 year career at ford motor company.our mother? dr. shah: my mom's in early childhood education specialist and she started a montessori school and ran that throughout my childhood, right? david: you were a superstar student, is that right? dr. shah: i was a pretty good student and i grew up in an indian american community that that was pretty focused on being a good student. david: you went to university of michigan? dr. shah: i did. go blue. david: why did you want to study? dr. shah: i started in engineering because i grew up in a family where you are either going to be a doctor or an engineer and i thought. may be an outer designer was my -- auto designer was my sort of early plan. i quickly switched to literature, science and arts and started studying economics and policy. david: so you graduated michigan, and decided to go to medical school at university of pennsylvania? dr. shah: i did. david: medical school was not enough. he wanted to get another degree as well. dr. shah: i think i felt i was supposed to be a doc

so the best of them at the beginning might have a ford motor, even if somebody could have been with special a bio. and i think the idea i'm, i'm fine with that. we might have been on osland mobile because it, you won't even get you hooked up with even unless you're in the office. you can definitely say how many giving us that office and then the the highest, the flying. but that was the oven. and some of the who got some more look, somebody knows the different none of the little a i wasn't in a little bit hardly available, especially if i could have been hosted with him. can this will i still minutes to on my, on, on the phone, on and off. but luckily mine is the film and i'll give you, i'll give you the last talk of the show. so i was gonna call the cushion joe the father told the see about mama. so the shuttle truck i the company does oh do you have to go to the hill and look at the stuff and if it's to horshal good, really? what about as well? yes. hey, how's the weather? i mean, it's a lot, i'm gonna, i'm gonna just forward it to the, the cost of the oh, daddy bought those photographers

so, oh, no, that's what of them at the beginning might have a ford motor. you might have some of the kind of been with special a bio and if i could with the audio him, i'm probably the he might have been on the osland mobile car. the only one that you hooked up with, even unless you're in the office, you can definitely say how many occupants that are open and then the, the height, the flight in. but that was the oven in front of the wheel somewhere like somebody knows the different, none of them will a i wasn't in a little bit hardly available, especially if i could even hosted with him can as will i see him then it to a my on on the product and luckily mine is the film and i'll give you, i'll give you the last talk you did the show. so i was gonna call the cushion joe the father told the see about mama. so the shuttle charge of the company does. oh, do you have to come to him? i look at the stuff in memphis, georgia community. what about as well? yes. hey, how's it going to go? well, i mean it's like that. i'm gonna, i'm gonna just forward it to the, the m

so the best of them at the beginning might have a ford motor. you might have similar kind of been was special, a bio and i think it was that was an idea of how much we might have going on osland because it, you won't even let you out of it even unless you're in the office. you can use it for me to even sit up with an m d and the height of flying, but that was the minimum of the wheel somewhere like somebody knows the different none of the little a i wasn't in a little bit hardly available, especially if i could have been hosted with him can as will i see him then it to a my on, on the product. and luckily mine is the film and i'll give you, i'll give you the last talk you did the show. so i was gonna call the russian joe, the father told the see about mama. so the shuttle truck i the company does. oh, do you have the stuff in memphis, georgia community. what about as well? yes. hey, how's it going to go? i mean, it's a lot, i'm gonna, i'm gonna just forward it to the, the me oh daddy bought those photographers but direct service the present as t

so, oh no that's, that's what with them at the beginning might have a ford motor unit of similar kind of been was special, a bio. and i think the idea of that we might have going on offline, most of the time that you want people to try out of it, even unless you're in the office. you can definitely say how many people are set up with an m d and the height the fly in, but that was a lot of them. some of the who you got someone with much, somebody knows different. none of them will. i wasn't in a little bit how do you bundle it with session with a free been hosted with him can as will i see him when it to a my on on the product the last 2 miners, the film and i'll give you, i'll give you the last talk with the show, so i was gonna call the cushion joe the father told the see about mama. so the shuttle truck i the company does oh do you have to go to the hill? i look at the stuff and if it's josh how what about as well? yes. hey, how's it going to go? well, i mean it's not. i mean it's, i mean, i know you have to forward it to that's what from the, the me oh daddy bought those photograph

so, oh no, that's what of them at the beginning of i have a ford motor unit of similar kind of been with special a bio. and i think the idea of that we might have going on offline because that you want people to show stuff. it even unless you're in the office, you can use it for me to even set up with an m d and the height the fly in. but that was a lot of them from of the who you got someone look somebody knows the different, none of them will. i wasn't in a little bit how do you bundle it with session with a free been hosted with him can as well i see him then it to a my on on the the last 2 minors, the film and i'll give you, i'll give you the last i could have the show salvage most of the cushion joe, the father told the silver mama. so the shuttle showing the company does oh do you have to go to the hill? i look at the stuff in memphis, georgia community. what about as well? yes. hey, how's it going to go? well, i mean it's a lot, i'm gonna, i'm gonna just forward it to the, the the, me oh daddy bought those photographers but direct service the present as they walk following to the.

c. overcrowded and also the lack of ford motor carter. that is why we have daily data that won't do. he says successive governments haven't listened. and that led to last week is off to female prisoners told us that the meet the violence things got even worse. they broke the door of the woman's block and they started draping us. they came with knives and razor blades. and if you refuse, they say they killed you. 2 women told us, they were gang rates by mail, prisoners, and another said she witnessed it was raped by several people. i don't even know what happened and i'm wondering what kind of justice we have in the country. now, i'm not even able to stand all work properly because of what they did to me. right. groups and prisoners say they've since held head counts and that they would know about to thousands here inmates. and before the incident, the say the government needs to show how many were killed and arrested. let's say if others escaped that night. the government says nobody escaped. it's still investigating those responsible wil

so the best to have them at the beginning might have a ford motor. you might have similar kind of been with special a bio and i think the idea i'm, i'm how much if we might have been on osland motor car. the only one that you hooked up with, even unless you're in the office, you can use it for me to even sit up with an m d and the height of flying. but that was the minimum of the wheel somewhere, not somebody knows the different. none of them will a i wasn't in a little bit hardly available with special at the 3 been hosted with him can as well. i see him then it to a my on on the other. it's been a product that now but luckily mine is the and i'll give you, i'll give you the last. i'll give you the show. so i was gonna call the cushion joe the father told the see about mama. so the shuttle truck i the company does oh, do you have the i look at the stuff and if it's really what about it? well yes. hey, how's it going to go? well, i mean it's a lot, i'm gonna it's, i'm gonna just forward it to the, the me oh daddy bought those photographers but direct

. >> reporter: dearborn, hometown of ford motors is also home to a lrge amount of immigrants, a cityith the majority arab american population in the country. many lean democrat but have broken with the biden administration over the war in gaza. and there's no other issue? >> for the arab american community, it's one issue. >> reporter: do you think they'll sit out the election? >> a good chance. i'm considering sitting it out. >> reporter: next we're headed outside the state capital of lansing to eaton county, a swing county in a swing state. obama won it twice, so did trump. but trump's 2020 margin was less than 1%, 499 votes. ♪ eaon place is the place to eat here. major garrett, cbs. >> terry davis. >> reporter: how are you? when we stopped by, these guys on the wall weren't talking but these two college roommates were. >> my best friend, we're on the same page. >> reporter: retired nurse paul is a reagan democrat who backs vice president harris. there's an idea you hear in washington, excitement for harris, raising money, volunteers, in the bag. >> no. >> no, no, no. >> reporter:

that's having a halo effect on the likes of ford, general motors. but there's more bad news for ford. it's been put on a list of the companies that are most exposed to anything negative that should happen in china, whether tariffs or anything else. ford is down by 2.5%. bernstein last week said general motors should pull out of china completely. now let's look at some other stocks on the move today for our midday movers. c.v.s. health, "the wall street journal" said they're getting for a push there. he has about $700 million in cvs stock. that pushed the stock up more than 3% higher earlier on. it has carried some of the gains now. echostar's dish is being bought by directv. that stock down 12% because it's going to assume some debt. and then zim integrated shipping up almost 6%. it is up 160% year to date. a lot of unknowns regarding shipping around the world and also in the united states when it comes to that port strike that could start just after midnight. so again, east coast labor strike may begin in just a few hours' time. the long shoreman's

i worked at ford motor company for 25 years.ed going bankrupt because we had a great ceo, allen malawi that came over from boeing and he took a $20 billion loan out and then consolidated the company, sold off a lot of things they had gotten involved in and focused on just ford vehicles and got back to our core product. so, i know that the auto industry can go down hill. it goes up and down. cyclically, but, if they force mandates on the auto industry, again, i am telling you a matter of time 2348 they go bankrupt and then depending on china for all the components that go into evs. >> laura: that works out well. that worked out well during covid. brian, we got to roll. we will have you back. the union question, workers out there, pay attention to who is really representing your interest. brian clarified a lot. thank you. now, ahead, how extreme are the democrats? brian was just talking about it. a state rep totally fed up with the way things are moving is switching parties. why? she joins us next. ♪ clogged gutters can cause big

the president of ford motor company talk about shifting resources away from battery technology.y electric vehicle with on board generator, series hybrid. on leica toyota that is an engine powered by a little bit of battery, this one is all battery-powered with a little bit of a longer generator and that is gasoline. the news is welcomed by the industry. it's about giving consumers and automakers freedom of choice. neil: i always thought that was such a decent middle ground idea. you want one you get it, the other one is a backup. the best of both worlds. toyota siemens to seize on this before a lot of folks and it worked out well on them. where do you see this whole thing going? >> i think this technology is something you see the auto industry take on. this rv gets 500 miles of total range. that's a range generator, you have 150 miles but we love performance, they announced this has a 0-65 of 6 seconds. this is a test pilot here but they announced it would go into production next year. when you ask where do we see this going? ford has the intention of bringing this to market in

of analysts and downgrading the entire sector to in line from attractive and taking aim at ford, general motorsd rivian from overweight to equal weight and chopping gm to underweight from equal weight. sites three issues, challenging auto market facing rising costs related to ai and autonomous features, falling prices due to buildup in inventory and fierce competition from china. online betting company outlined a $5 billion buy back plan and detailed a long term growth strategy and expects to achieve $21 billion of revenue in 2027 and representing annual growth rate of 14%. loring outlook for gross profit ma r gin in the west coast region and price and pressures home price increases are more likely in the coming spring. no love for love. east airline shares are dropping 4% after "the wall street journal" cited internal memo revealing new cost cutting plan. discount airline will reduce service and staffing in and out of atlanta to stem cash bleed from unprofitable roots and the memo indicates the airline will add red eye flights to and from hawaii. they come amid activists pressure and augustmen

. >> bill: brian worked for chrysler, recently retired from ford motor company. almost hit for the cycle. see where it goes, thank you. >> thanks a lot, bill. >> michigan will be the most fun because you have -- you are so set up for greatness. >> dana: former president trump and vice president harris both going all in on michigan. vp back there today and guess who she will be talking to? is farel showing shade at taylor swift for endorsing harris? what he said and it has people talking. ♪ you're the first to know when high rate debt is stressing your budget. but your family's service has earned you a big advantage. the va home loan benefit. with the lower rate newday 100 va cash out loan, you can pay off high rate credit cards and car loans. that's real money you can use to take care of your family and home. >> we're going to michigan because we want to be a little bit michigan-centric. >> bill: everything in yellow we consider battleground. michigan light blue. it leans democratic at the moment. there were a couple of polls that came out quinnipiac a couple of

democratic party is the party of coastal elites and the party of regulations like ev mandates that cost ford motor company 4 and a half billion dollars to make cars the customers didn't want, cars already being made by companies like tesla. that crushes high paying career union jobs and republicans are the party of no hard-working men and women, the people that make this country great but this is the first time nearly 3 decades the teamsters declined to endorse the democrat that's running for president so i guess that's progress but they need to be in sync with the rank-and-file. keep in mind the teamsters union has a huge presence in michigan, wisconsin and pennsylvania. the troubles don't end there. today for whatever reason she decided to resurrect 1 of her favorite words salads about the children in the community who are children of the community that lived in the community. take a look. >> i grew up understanding the children of the community are the children of the community. they live in the community and every thing. speaking at an event for the congressional hispanic caucus, naturally the

olympic games live and in color from mexico city another abc sports exclusive brought to you by the ford motor mr. edwards? >> i think it might help to a human and your position if you explained variety of boycott of the olympics, i think first of all, we have to understand that the olympic games in this serfaty and in the world is the second largest meeting of nation that the international level outside of the united nations itself. and it's just as political. >> the olympic project for human rights and effort to forge boycotts and demonstration that the 1960s eight mexico city games was to protest racism and discrimination in the united states. and in sports in particular i couldn't give you an information as far as black athletes is concerned at mexico city. all i can say is, you can expect almost anything john carlos and tommie smith were sprinters that harry which knew from northern california, who will also very politically active on their own there's no way you can really plan for anything like this because first you got to win, you got to make it to the podium. >> so this idea that som

all the business in vs is overcrowded and also the lack of ford motor got there. that is why we have daily data that won't do. it says successive governments haven't listened. dot net to last week is off to female prisoners told us that the meet the violence things got even worse. they broke the door of the woman's block and they started draping us. they came with nice and razor blades, and if you refuse, they said they'd kill you. 2 women told us, they would gang rates by mail, prisoners, and another said she witnessed it. the i was raped by several people. i don't even know what happened and i'm wondering what kind of justice we have in this country. now, i'm not even able to stand or work properly because of what they did to me. right . groups and prisoners say they've since held head counts and that they would know about to thousands here inmates. and before the incident, they say the government needs to show how many were killed and arrested. let's say if others escaped that night. the government says nobody escaped. it's still investigating those responsible

digitalization of the profits of automakers, there are only three traditional companies, these are ford, general motorsl of them are at the very end, the rest are three startups from the usa led by tesla and four companies from china, and - in digitalization and connectivity, they are investing incredibly actively, for understanding the same concern. which, among other things, threatens to connect in russia those popular with us zicр cars, develops, installs its own dragon eagle processor, it is manufactured using a 7-nanometer process technology, is responsible for video processing and neural network tasks, develops its own satellite constellation gspace, now it is two dozen, in the future 240 spacecraft that provide transport around the planet, precise navigation and communication. volvo, lotus and smart, the chinese company has 50% of the last two, but these brands will probably also have to leave the american market. i am writing to you, what more, that i i can also say. oh, if only vtb had been there then, i would have read a different novel. oh, this gift is the key to the world of freedom, and p

these are ford, general motors and bmw, all of them at the very end.rest are three startups from the united states, led by tesla, and four companies from china. they invest incredibly actively in digitalization and connectivity, for understanding the same concern gili, which among other things threatens to connect in russia the popular zicр cars, are developing and installing their own machines, their own dragon eagle processor, it is manufactured using a 7 nm process technology from. including for video processing and neural network tasks, is developing its own satellite constellation gspace, now there are two dozen, in the future 240 spacecraft, which provide transport throughout planet, precise navigation, communication. the ecosystem also includes meizu smartphones , the flimeos operating system. yes, and jelly is also volvo, lotus and smart cars. the chinese company has 50% of the last two, but these brands will probably have to leave the american market, who are you? i, a traveler, aeronaut, jean ivan, and so we are namesakes, what a fairy tale w

hassle later, it will not be accepted to remember it, as about the business with the nazis of ford and general motors about the shady dealings of american bankers on ... the united states of america, in america, by the way, knew already in the forties about germany's plans to take over the whole world to make america again an insignificant second-rate power, then they decided to bet on the soviet union. they did not think then that the soviet union would last long. in 1940, representatives of the british elite, fearing an invasion of the islands, they actually began to evacuate their families to north america. austin, and at the same time the chairman of the joint chiefs of staff of the us armed forces brown, based on the ku klux klan. in the picture is a ukrainian commander with the call sign percent in social networks, better known as percent 88. these numbers are a coded nazi salute. another character, a member of the official ukrainian delegation to a meeting with western allies at the ramstein air base this week, is a big fan of pizza. ukrainian neonations and not think to hide their convictions

it has a market cap that is the size of ford and general motors, so you see how much in terms of leaps makers have come on and how they have had to try to step in. when we see the u.s. taking action, there is concern when it comes to data management and also hacking but this does set the stage for more tensions in this strained u.s.-china geopolitical relationship. ed: tariffs on a physical product like an electric vehicle are easier to understand. what is harder to understand is what is a software curve? what with the mechanism look like? >> i think it is more the software contained inside these products and making these systems particularly around cars and electric vehicles come up which hurts chinese software and hardware cook for example lidar, a key part of the autonomous driver assistance. so we are seeing that there is this reaction that we will wait and see for what china says. once the plans are laid out by washington, it is interesting that the first time we saw these tariffs being hyped by the u.s. and even the u.s. secretary treasury was hopeful that china will not retaliat

last year, tens of thousands of uaw workers went on strike for more than 40 days at ford stellantis and general motors. federal trade commission says that social media sites are collecting even more data than initially believed. >> about 4 years ago, the ftc started collecting data from 9 companies, including meta tiktok, snapchat and amazon. the new york times is reporting that many of the platform's allowed under age profiles and kept collecting data from them. they also tracked users, education, income and marital status. many of the platform say that they have since updated those data collection policies. >> we are now just 47 days away from the presidential election and new polling shows a tight race in the most important swing states. countdown newsnation's. blake burman has the latest in today's political minute. >> it's the sprint for the swing states like berman with newsnation. former president donald trump and vice president kamala harris are locked in an incredibly close race, especially in the 7 key swing states expected to decide the presidency. a new poll from the hill and emerson colle

. >> until i $23 a share down a tiny fraction how about ford and general motors. >> this is a china storyer highlighting still lantus who is the maker of jeep huge competition coming from china really under pressure cutting the guidance on the full year that is impacting other carmakers like ford and gm preparing for stiff competition to come. >> any developments in crypto i don't see that much price move. >> we are near records on the equity market although the crypto stocks track their risk on risk off trade in a particular breather bitcoin you see that as well with the crypto related stocks there was a new poll showing crypto voters are split between harris and trump. >> i see the dow is open with a loss of 200 points working to find out which dow stocks are creating the big loss. in the meantime look at the supermicro computer it is down 50 cents, what is the news on the stock split. >> 1041, usually have a huge run-up into stock split but this is a different story for the company through last august there down 30% since then and the big short sell the report that delayed reporting of

on november 21, 1985, the cheerful vayaki managed to pull the engine out of a ford escort, put another motor in there, connect it, start it and drive a few meters, all in 42 seconds, fast, though not... it is not clear how this can be useful in life, tambov smiley, you see, you laugh, this is about the tambov who knows trashka, once it was aka, and now it is a yellow convertible, and it complies with technical regulations and is registered with the traffic police, but you really can't look at it without a smile, or at it? yellow, small, cheerful, it feels like i'm getting there, as if the children are surrounding me, all so happy, before it was a nondescript ok, now it's a bright convertible, based on an old economy car, created by a stern tambov designer, the brake system is still there, the steering is still there, the electrics are still there, it is, that's what it is, mendeleyev dreamed of the table, newton put an apple on his head. pages with gosts, everything is spelled out there, that is, all the whole procedure for making changes to vehicle design, and if you start to mold first, an

many, many reports and stories for crime in the past few years about how automakers like ford and general motors and stellantis want to be all electric vehicle by 2030, or 2035. in california. and that's just simply not going to happen. james. okay. well. okay. all right. the past answer. >> before we go curveball at you, some sort of using this sort of as preface for maybe tomorrow. >> there was headline today and i did a little i watched a little video on this a while back on micro reactors. these small micro sort of nuclear reactors that are starting to come up in these startups. looks like some sam altman is just breaking ground on the startup. he's got to do this in idaho. and i think this might be a trend going forward as part of our energy mix in america. so i'd like to pick brain about that. stocks a bit hot and in the past month. for the exact reasons you're bringing up. need to lot of electricity and we have a shortage christine united states a work on that for you tomorrow, james? yeah, absolutely. and just like that, guys, if you've got a topic that you want to chat with rob about on

layoffs at general motors and ford.s is first year foreign made more cars than domestic automakers. it has been a disaster for this state. we have more people livi living paycheck to paycheck, that is why we'll flip this seat. our polls have been tied for months. we've been outspent, we are still tied going into fall election. people are tired of this direction and we'll win in november. >> todd: be careful, my co-anchor is a fan. >> my wife, by the way, my wife hears me, i might be in trouble at home even. >> todd: bigger issue than the senate. this is close race between you and your opponent, four-point margin, it could be tied and even closer when looking at voters over 50. you are tied. what is it about you that is appealing to those older voters? specifically what issues are you latching on to and getting their attention and potentially their vote? >> cost of goods and services. we have pressure here, to give a great example, mother of four children, i was talking to, what keeps you up at night? she burst into tear

domestic production has cost 2400 layoffs with stellantis a thousand layoffs announced with general motors and fordnnouncing it will have the close some of its assembly lines for this is having a tremendous negative impact and people see it. so that is where this election is going to go. visit jen up some support in certain factions of the democratic party? c.s. and does c.s. and does he get the intensity up yes but we just had a poll come out 43-43 and that's why. people are scratching their heads saying i don't know if i can afford another four years of the biden/harris agenda. >> former congressman rogers thanks for joining us. once again kamala harris and her team are changing the positions. she trying to change the rules of the debate. we agree to the rules to the debate and we are looking forward to being on there but but the microphone so they often people be standing at the lecterns and there'll be no notes. that's corey lewandowski ripping vice president kamala harris for trying to change the debate rules for more let's bring in today's political panel. aaron parini along with democratic s

expected and says it's facing weakening global demand and stiff competition from china, general motors and fordthe worst point was the worst performer on the s&p it is the fifth worst performer on the s&p it's down to an hour percent and ford losing 3.5% ford losing 2.5% meanwhile u.s. listed shares of chinese ev maker nio are jumping through percent after nio china secured a 2 billion-dollar investment from the parent company and state backed investors nio has gained 56% over the past three months boosted by the top of the show economic stimulus announced by the chinese government flip it over to cvs health up to it have presented washing journal reports that the hedge fund glenview capital management will meet with top executives of the healthcare company to propose ways to improve operations according to reports the hedge fund has established a sizable position in cvs and here's why the stock is down 21% year to date, a week ago it was a rumor now it is news private equity firm tpg has agreed to by at&t directv steak and will merge the satellite company with rival dish at&t agreeing to sell

. >> general motors and ford are slipping as morgan stanley's adam jonas downgrades the stocks.nderweight and ford to equal weight. pointing to worsening u.s. consumer credit as well as china's growing car production capacity which is eating into the company's market share. vistra up, more than tripled this year amid increasing power demand to fuel the a.i. boom. vistra is the largest owner. of unregulated generation capacity in the u.s. and the beneficiary of those higher prices. the stock up 209% on the year. scott? >> all right, anyofothk u r that. pippa stevens. >>> ahead, southwest shares slumping as it changes up its service plans to one of the world's busiest airports. details straight ahead. >>> next, micron and what to watch for in the market zone next. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading eas

motors. it goes equal weight to underweight. ford, also now an equal weight, had been an overweight.his is analyst adam jonas, and he's citing what he calls a china butterfly effect when it comes to capacity. quick note apart from his note this morning, "credit losses and delinquencies continue to trentd upward. china's two-decade-long growth engine has not stalled. it has reversed in terms of profits flipping to losses and china producing nearly nine more more units than it buys, upsetting the competitive balance in the west, cutting estimates on china price/mix and lost share." this is a story, of course, and has been for some time. it's sort of the fungibility -- yeah, they're overproducing and not selling here, but it doesn't mean they're not selling in other markets where our automakers compete, and therefore, could suffer market -- >> and he argues, happening at a time when u.s. affordability of new cars is at a relative low. the average selling prices have gone up. and therefore, it's not as if they're equipped to compete that well for volumes right now. did say to buy the dea

of later, it will not be accepted to remember it, as about the business with the nazis of ford and general motors shady dealings of american bankers to launder funds for the reich, when things started to smell hot, when the british were already thinking of evacuating to the united states of america, in america, by the way, they already knew in 1940 about germany's plans to take over the whole world and make america again an insignificant second-rate powers, then they decided. to bet on the soviet union, they did not think then that the soviet union would last long. in 1940 , representatives of the british elite, fearing an invasion of the islands, really began to evacuate their families to north america, flirting with the nazis led to the deaths of tens of millions of people, and nevertheless, during the cold war , the former allies with the ussr actively used proven hitlerite personnel against it. for them , using the nazis against our country is an absolutely normal tool, one of tools they use to maintain their global dominance. you could say, hello bitch. on june 6 of this year, the united sta

more broadly lower this morning after morgan stanley analysts led by adam jonas downgraded ford, general motorsinia and lowered the view to inline or neutral. morgan stanley saying the china butterfly effect is in play, saying the country produces more cars than it buys which upsets the competitive balance in markets in the west. the commentary pieces driving some auto stocks broadly lower to impart that morgan stanley call. for more on those calls and top calls of the day, head over to cnbc.com/pro. >>> we're going to end with a check on bank of america. shares down slightly, .1% after a new filing revealed that yet again warren buffett's berkshire hathaway is continuing to reduce its stake. it recently sold an additional $863 million worth of that stock. berkshire began trimming the investments in july. it now holds a roughly 10.5% stake in b of a shares. becky, keep an eye on those stocks. back over to you guys. >> dom, we will check in with you in just a little bit. meantime, when we come back, geopolitical tensions and the markets. palantir head of defense and former congressman mike galla

general motors dropping 5%, while ford fell 4%. the moves coming after morgan stanley downgraded them from attractive to in line. with china producing millions more cars than it buys, it puts u.s. auto makers in a vulnerable position. meanwhile, long struggling tesla has been in high gear lately, rallying 8% just this week. it's by far the best performing mag seven stock so far this month, and this quarter. and is now positive for the year. so, how do you make sense of this auto divergence, tim? >> well, the news, at least, from tesla, around tesla, their china business has never been better. mr. jonah is talking about tesla as a driver where inventory dynamics, a price kind of headline mix that's not favorable to the legacy oil -- excuse me, the oems, is something you have to worry about in terms of their margin and where the industry is going. he also references that the affordability factor is, i think, stretched, was the word that was used. the u.s. consumer, despite the fact they probably need to buy a new car, is not in a pos

their tariffs will come down and finally ford and general motors will be able to sell in these places of course they're coming down. this is negotiating. >> absolutely makes sense. if you do it strategically across the board creates a problem. the question, will the president do it strategically or across the board. he ep keeps saying across the board. >> you make broads when running for office so people understand you. tariffs are an amazing tool for the president to use, but he understands don't tariff stuff we don't make. if we don't make it and you want to buy it. i don't want to put a price up there. pointless. we want to make it in america, tariff it. competing with a tariff. but we need to protect the american worker, finally someone's going to protect the american worker and donald trump is here to protect the american worker. >> make a lot of money in tariffs or used as negotiating tactics, look, tariffs come down there. we're not going to have super high tariffs here either. not a big pot of money. >> which is it? make a lot of money on tariffs or bring productivity here and

11th and 12th grade and i was in 11th grade they were discussing john kennedy threatening general motors fordnd chrysler for left this country would put an import tax, he said if you unemployed americans you build your product elsewhere, when you bring your products back of a put an import tax on you. we have open trade, you may know the man jeffrey sachs. he was on tucker carlson's show the other night talking about how automation has declined employment demand and i wanted to just scream at that manned and tell him here in georgia we have a 1500 acre container area and 80% of those products coming in on containers used to be manufactured in the united states and when people do not meet our demands and other countries do we go into a recession. we have unemployment people. october 1993 you all probably remember well when clinton signed nafta trade agreement, we lost almost -- i was working in lansing, michigan at the time and we lost probably 50% of our employment left and are whole motor plant went to mexico city and unemployed all those people. clinton told the uaw, they were all upset abo

of later, it will not be accepted to remember it, as about the business with the nazis of ford and general motorsas about shady deals american bankers to launder money for the reich, when it smelled like trouble, when the british were already thinking of evacuating the united states of america, in america, by the way, they already knew in 1940. germany to seize the whole world to make america an insignificant second-rate power again, then they decided to bet on the soviet union. they did not think then that the soviet union would last long. in 1940 , representatives of the british elite, fearing an invasion of the islands, really began to evacuate their families to north america. flirting with the nazis led to the deaths of tens of millions of people, and yet, during the cold war , the ussr's former allies actively used the tried and tested hitlerite cadres against it, for them , using the nazis against our country is an absolutely normal tool, one of the tools they use to maintain their global dominance. we can say hello from ukraine to pentagon chief austin, and at the same time to the chairman