g.m. and ford to produce millions of cars every year whereas a tesla is producing thousands why is the market value in tesla more not because they're namrud would be on musk personally but because they understand that his business model is forward thinking and that's what the future of the industry is looking like china my understanding is that they're pretty far ahead of the electric vehicle the private they're doing a lot out there and they're doing a lot in the solar energy with the renewable solar energy and strive is up is that part of the move china's making to dominate the twenty first century is what china understands and what they're able to do better than we are is invest in infrastructure right so historically governments have to invest in infrastructure because the believe the market to recover their capital investment plus make a profit on infrastructure is very limited you know just look at the constitution article one section eight says congress shall build the postal road writes. morse when he invented the telegraph congress appropriated all that money for that the rich. all r

and the future. some of the sectors that we saw hit hit the hardest, the autos were one of them. companies like g.m., like ford, like toyota, like fiat chrysler. g.m. got hit the hardest. 4% in losses today. this is because these companies import steel and aluminum from mexico. the car part makers, they lieutenant got hit. companies like stone ridge, dana incorporated seeing red as well. for the month, the dow suffering about a 6.5% loss. the nasdaq getting hit hard. the s&p 500, 6.5%. this is the worst made that the market has seen in nine years, charles. so since 2010. it was staggering for the losses. >> yeah, pretty good advice. doesn't always work that way. did this time. thanks, jackie. not everyone at the white house is on board with this new immigration plan. president trump's top trade adviser and steve mnuchin were opposed to these potential tariffs on mexico. so is this the right plan at the right time? ed, what do you through? >> i think the president missed a golden opportunity here. he has gone out and met with the people like kim jong-un and developed these personal relationships and tried to ge

and general motors g.m. has a very good electric program ford's technology has been a little bit behind that's one of the reasons that they've joined forces with volkswagen group in order to share those costs should us cost burden and kind of share some of the intellectual property that they have each company has pursued on their own so that they can be more efficient you know one of the is a very capital intensive time for auto companies because while they're doing a lot of spending in developing around electric cars and autonomous cars it's not like they're selling a lot of those out of the showroom right now they're still making their money their profit and their money off pickup trucks and s.u.v.s what they've done is they've stripped away the ford fiesta ford focuses and ford fusion is in other sedans that we're not making any money in many cases losing them selves of money so they just they're stripping away these these money losing propositions so that they can properly invest in these kind of future mobility solutions david really good to talk to many thanks dave for being with us david kiley the u.s. go

and general motors g.m. has a very good electric program ford's technology has been a little bit behind that's one of the reasons that they've joined forces with volkswagen group in order to share those costs should us cost burden and kind of share some of the intellectual property that they have each company has pursued on their own so that they can be more efficient you know one of the very capital intensive time for auto companies because while they're doing a lot of spending in developing around electric cars and autonomous cars it's not like they're selling a lot of those out of the showroom right now they're still making their money their profit and their money off pickup trucks and s.u.v.s what they've done is they've stripped away the ford fiesta ford focuses and ford fusion is in other sedans that we're not making any money in many cases losing them selves of money so they've steer stripping away these these money losing propositions so that they can properly invest in these kind of future mobility solutions david really good to talk to many thanks dave for being with us david kiley the u.s. government