when you're watching do you have your news coming up ahead been for job cuts and g.m. have factored workers are asking what happened to america first donald trump isn't very happy either. that and more coming up shortly with first in business news to stay with you news if you get. to russia is becoming a hotbed of aids accompanied by a lack of information and stigmatize ancient in some cities a child feeling is spreading rapidly. here in the several rows of russia's age i think if the democrats been moving to new theories making a definitive transition from the so-called vulnerable groups to the bain contribution. and h.i.v. in russia today on t.w. news. sometimes books are more exciting than real lives. to reach. home. once there's no escape. list one hundred german plus treats. at the. general motors is breaking hobbs despite being on solid financial footing g.m. is cutting fifteen percent off its global workforce and closing up to five factories workers are outraged as is president trump. germany remains in digital no man's land and the new ultra high speed mobile servic

watching news coming up ahead being for job cuts and g.m. have factored workers are asking what happened to america first donald trump isn't very happy either. that and more coming up shortly with first in business news to stay with news if you get. russia is becoming a hotbed of. accompanied by a lack of information and stigmatize ancient in some cities a child is spreading rapidly. here. has been moving to a new phase making a definitive transition from the so-called groups to the baby. and child be in russia today.

g.m. believes they have to act now all right so jim might adapt to changing marketplace here nevertheless president trump says he's not happy about this news and after all he promised to increase manufacturing jobs what we're seeing is quite the opposite . now certainly and also some other measure from the u.s. president you mentioned earlier the tariffs on steel and. hurt companies like general motors even if marion barry did not say that this is the reason why they're doing this restructuring well it is certainly a painful process but g.m. is also not alone other carmakers like ford or chrysler earlier have shifted away from smaller size kills but certainly there is fierce opposition from the u.s. president from car unions and also from employees with general motors and scored in new york thank you. a solid one eighty from siemens its chief executives are traveling to saudi arabia for a conference hosted by state owned oil company around co this is it comes a few weeks after public pressure over the murder of journalist jamal khashoggi prompted see men's c.e.o. joe kayser to pull out of

g.m. we're talking about the energy department specifically. they have given g.m. this year alone $76 million in grants. this is money that they don't have to pay back. the federal government has loaned g.m. $50 billion since 2000. all by $11 billion has been paid back. the white house economic adviser kevin hasert says that g.m. should be in a better position. >> it's easier than it used to be for manufacturers to succeed in the u.s. that's lower tax rates, lower regulation. we see the results. we have about 450,000 more manufacturing jobs. so when you see a specific company that is headed in a different direction, what's up with that company? why can they not keep up with the trends. >> the political outbreak for the president, this could be bad politically for him. talked about bringing jobs back to america. this obviously is the opposite of that. economically, g.m. says that they have to do this for the survival of the company. neil? >> shepard: thanks very much. on to some other developments. there was other news today. about the my grants arriving in mexico. n

g.m. also have profited from this massive tax cut from that on top of providing great if you could read of course is the one point five trillion dollars tax cut is meant to sort of encourage investment by businesses and by many reports they have saved on federal taxes this year about one hundred fifty million but they've also suffered a big loss from being able to write off past losses a much larger amount they've actually lost and that the point is this often isn't a one to one we cut your taxes you invest more we hire more as you can see it's much more complicated mr thank you very much. this time last year bitcoins meteoric rise was the talk of the town then started to plunge and. last december one big con cost nineteen thousand dollars now they're trading below four thousand digital currencies a facing the next crisis only the most hardened risk takers to touch them. this is has some on twitter have depicted what's happening behind the scenes during the ongoing bitcoin crash although these images are not actually connected to bitcoin they nonetheless serve to illustrate how dramatic th

g.m.? what kinds ofobs? >> there is two parts. one are, as you said, the car production facyotories. havee factories building cars like the sheby volt, impala, cars that are not selling well. acrosshe inustry car sales dramically declined as people buy more suvs,er crossand pickup truck. g.m. will cut about 15% of the salaried workers, about 8,000 jobs, of those roughly 2,000 taken voluntarily, and the other are the production jobs at thent five pplus the two supporting plants, plus two orthr plants outside america that are to be closed and identified sometime in the next year. >> woodruff: so people who work at plants. when you say salaried jobs, white-collar jobs, what do these people do?ng >>eering, financial, accounting, all sorts of white-collar jobs that are critical to the idustry. >> woodruff: and g.m. said today that, as part of what you just said, that the certain kinds of crs are just not selling anymore. is that the whole story here? >> that is big part, certainly, that people are not buying the smalcars and are buying the bigger cars on the same platforms, but it's also about

g.m. can't have that one hundred years ago so when you know when that dream of automotive engineering and innovation was born in australia you know one hundred years ago formally with g.m. canada that we never expected after a year or excuse me after a hundred years of commitment and investment from the community and loyalty that we would find ourselves with the next chapter. and automotive future to not be a part of it especially with such such an excellent facility g.m. canada has celebrated and fed it this particular facility they have said themselves that this is a decision that is does not reflect on craftsmanship you know workers excellence the product we are meeting all of our our targets we are the crown jewel for g.m. canada and to imagine that it would just walk away and say thank you for the memory in six dream really devastating for our community so what are what are the options as you see them emulate with just a moment ago we played a little clip from president obama saying that they better you know turn it around obviously just tough talk is not the answer what do you see is

g.m. does he maybe have a point this time he sure does because g.m. was close to bankruptcy it would have gone under if the american taxpayer hadn't saved it and nationalized that for a time ten years ago when the financial crisis was very long and the economy was suffering not just their elsewhere as well but on the other hand donald trump's own policies are part of the problem mary barra put the point to rising costs for suppliers and that's of course the steel tariffs that are making itself making themselves felt and worsening the situation for g.m. and the workers thanks when i bought them five. that's it for me thanks for watching bye bye. intermediate. miss markets in germany can be almost magical place. mr strong to sample their delicious treat special to her. christmas tree. this week. the romance next. kick off. was. ours was the last. the best place for. the best. one to sleep the highlights. of the sixteen of. the. continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech pro

g.m. they can be cold. the nature of the business. they could have> shepard: president trump is threatening to cut off federal subsidies to g.m. the white house wasn't clear about specifics but appears to be talking about the $7,500 tax credit or the buyers of electric cars. that could require an act of congress. the president first made the threat on twitter and the g.m. stock took a dive. fox business has confirmed that the president has looked at different subsidy cuts. the fox business network's susan li reporting live from new york. >> fox business sources are saying that president trump has directed what they're calling the appropriate agencies to look at cutting the subsidies with the energy department being one of them. the $7,500 green credit does go away after 200,000 of the eligible cars are sold. something that g.m. and other car makers have lobbied to extend. g.m. will hit this limit by the end of the year. there's proposals on the table to extend out the policy, which was initiated under the obama era. this morning we got another tweet

g.m. is ramping up its cost cutting efforts it's reporting high profits wall street is very excited. so you have the stock of g.m. pumped up by nine percent just here in the winds they say sion and the u.s. car industry in general actually did face some major headwinds with tariffs on steel and. costs increase for comic or silver all that was also true for general motors and then we are in an environment of rising interest rates meaning if u.s. consumers want to finance their new vehicles that becomes more expensive but still general motors was able to actually achieve the highest selling prices in the corporate history for their vehicles and then was one of the main factors and the u.s. market overall that even if g.m. sold fewer cars but for far higher price and that's why they beat estimates and the stock saw this huge increase and the ends wednesday was the last day of trading in october and overall it's been a brutal month for stocks tell us why and give us an outlook you know what a month has been so we did see especially high tech stocks under heavy selling pressure and for the month the

these big car makers like g.m., you know, they have not -- though actually g.m. lot better than others in terms of hybrids and electric and things like that but they have not been able to kind of tap consumer demand in the way tesla has. they are really good at doing large scale production so i think the fare would be if you were a tesla investor the fear would be that once the big car companies really start to figure it out they'll be able to undercut tesla in price. they have these amazing network to marketing and car dealerships and enormous ad budgets. tesla doesn't have any of those things. they'll sort of take over the electric car market. the counter argument would be tesla has spent years and years establishing itself as the name in electric cars and maybe consumers now recognize that and if they're going to buy an electric car they want to buy an electric car from elon musk rather than from g.m. emily: this is interesting because most talked about in general how hard it is to be a car maker tesla or not. it seems like no car maker is comfortable. are the

g.m. is doing this now so we have to consider that in twenty nineteen there will be a negotiations between the u.a.w. and general motors and i believe that this is going to be considered as part of the opening salvo by general motors for those contract negotiations but clearly there are changes that general motors is making in they not they may not be considering the fate of the workers in this in this proud of the earth yeah and g.m. says part of its strategy is reinvesting money away from cars and putting it into technology as a form of jim employee what do you think of that strategy so i think the most important thing the general motors is doing is the electrifying its vehicles i do not know what the technology direction they're going in but the electrification of vehicles is a very good move but i think that it ought to be another thing that will industries there will help a third driver thumb of the other crises that we're facing with the one that's been announced by the federal government regarding climate change and the climate catastrophe let's talk about the politics in this becau

traumatic experience that made dr refused to become a motivator to have to set up on charity to help and have g.m. . who are heading to the village of sandwich with one hundred sixty girls are preparing for an attorney to right of passage ceremony. we just saw me to be there because intelligible to us and to me all the babies into. the trip to sandwich from dawn to love house six two and a half hours through mountain passes on bumpy roads. to school and this is good. for the welcome when we get makes it worse or. in the pocket culture cutting traditionally involves a celebration in which the whole community takes part. the girls are to have sing their dances for the alternatives harmony. is real life come in it was beautiful i don't expect to see this the focus of mr love and thing and searing we wanted people to know that we love our culture we know we love every bit of it only but from the cut yes it was this way the feel of that is certainly not important here. the teachers are from the same community. the girls receive four days of lessons before their graduation day. one of the no no i. don'

. >> tariffs have impacted price. g.man a billion dollars, right? also last quarter something that was a little bit alarming if you are following their stock market share in three hot areas in this country all went down. market share in cars went from 11% to 10.6. trucks from 27 to 24. crossover 15% to 13%. so their market share in the hottest areas already beginning to slip. that's a red flag if you are managing. figure out a way to better market these and put out a better product or fire 14,000 people. brian: one of the big stories come out of this segment steve reads the daily news. i didn't know steve reads the daily news still. steve: i read all the papers. >> he is the one. steve: black friday. cyber monday broke all sorts of records? >> it certainly did. the entire so far holiday season which now technically begins on november 1st has been gang busters. you know, jedediah, the thing i love most about this is there is a lot of proof this is about people in this economy who never had a piece of the action. they haven

children's dignity forum and from what we're hearing a number of the girls who have head about g.m. being a rights violation and are seeking refuge in i.c.c. from the film there are a few refuges that have been set up to ensure that girls who want to run away and majority do able to seek refuge and be safe during the season i think what so many people struggle to understand with this procedure is why mothers who have been through this painful dangerous process then force it on their daughters. the sad reality is that this is a social norm and when something is a social norm there is huge pressure and as you can tell from the film the anger revise the call that the cutter that you just spoke to is someone who is actually nominated by the clan leaders not the clan leaders in terry me a hugely important they control a lot and when they decide something people follow so as g.m. is actually very well organized as a whole political economy around it which includes the very best being chosen and money which is paid from the girls a cut also goes to the cutters as well as the eldest so at th

g.m. is just saying that it's as to modernize that you know they have to change to low emissions vehicles electric vehicles to modernize their plants you know robotics are coming into place and things like that but when you really think about it there's more at play here and that really comes down to president donald trump and some of the moves that he's made in the past couple of years it looks like now things are catching up so when you talk about tariffs and trade wars well trade wars first of all the whole system that we had the supply chain system in north america has been disrupted people just don't have confidence in it just because of all the rhetoric back and forth from president trump when it comes to putting up tariffs and we know that there are tariffs in place when it comes to steel and aluminum which obviously makes cars more of as expensive especially if the stool in aluminum is supposed to come from canada into the states or from mexico into the states and get this even the tax and said to those huge tax incentives that he gave companies like g.m. are coming into play here

g.m. leaving these states as well so that there is a fight to be haves but whether donald trump i mean how much influence he's going to have it's difficult to see right now be interesting to see how it develops with the latest on that story from washington thank you. mexico has the port had ninety eight asylum seekers accused of trying to breach the u.s. border at one of the sunny seether a border crossing into california was shut down temporarily and tear gas was fired at the asylum seekers on monday is they attempted to jump over a fence from the mexican city of t one. child home and joins us live now from tijuana on the mexico border after what happened yesterday what is the situation there today because of course a lot of the pictures that have been coming out of there have been really disturbing to see. i think things calmed down last night after what happened in the day a lot of people returned to the camp that were outside now this camp in this center that was hurriedly converted into something else some people are deciding that they've had enough and they just want to go home eithe

and they have never before lost to benfica as the margin for error shrinks kovacs needs a win to breathe easy. you're watching data news life from birth and still to campaign for job cuts at g.m. affected workers asking what happened to america first trump is unhappy i think. i don't have it well. how about for you in the business update which is up on the way more world news for you at the top of the hour can't wait for either of those and there's always the website the w dot com of the day. raring to read. not everyone who loves books has to go insane. d.w. literature list a hundred plus treat. russia is becoming a hotbed of aids accompanied by a lack of information and stigmatize ation in some cities a child being.

you've had some of these issues like general motors and some of the car companies have had to back off and you know g.m. is now closing plants in this country i don't see much impact in a positive sense for example and things like aluminum and steel so. i'm not sure where this is going and i must admit one of the things i think the president seems very transactional as opposed to strategic to me so i'm not sure what the overriding long term approach on a consistent way is is his anger at general motors justified. well if you're if you're that the c.e.o. on the board of general motors you're your primary focus should be on on the business of general motors and if you have. plants that are are not productive a money losing and you reach you decide that they have to be closed that's probably what you should do but you do understand that particularly with this president that . you know he's going to challenge you because he thinks it's a negative for what he's trying to accomplish you know on the broader scale spectrum of you know middle american jobs. and you saw that yesterday i mean you know the g.m. an

g.m. is also not alone other carmakers like ford or chrysler earlier have shifted away from smaller size kills but certainly there is fierce opposition from the u.s. president from car unions and also from employees with general motors and scored in new york thank you. a solid one eighty from siemens its chief executives are traveling to saudi arabia for a conference hosted by state owned oil company around co the visit comes a few weeks after public pressure over the murder of journalist jamal khashoggi prompt a siemens c.e.o. joe qasr to pull out of a saudi investment invent infrastructure giant is a major contractor in saudi arabia it's currently building riyadh's new subway system and is on target for further contracts in the future is the spokesperson said casey is due to meet only aramco representatives but no government officials. one hundred billion pounds a year by twenty thirty that's what brags it will cost the british people according to a new study commissioned by group calling for a second referendum it sees a number of economic blows in the u.k. future if it goes ahead with its

president's pitch to the american workers who voted for him is friend you have a chance the al-jazeera frank hammer is a former g.m. employee and former leader of the united it was i was gaining he says general motors has moved towards electric cars.

that's what he should have said. ( laughter ) so it turns out america's top used car salesman clearly sold g.m. workers a lemon. and if you think about it, trump's promises are a lot like the chevy cruze: you can sell them as hard as you want, but at the end of the day, no one's buying it. we'll be right back. ( cheers and applause ) who doesn't love a deal? i do. check out the united explorer card. savin' on this! savin' on this! savin' in here. rewarded! learn more at the explorer card dot com. ♪ he's gonna do it! ♪ you gotta see this! ♪ owen's gonna do it! ♪ i got him. ♪ come on, come on, come on! alright! come on, come on! come on! yeah! ♪ so how about another game? >> trevor: welcome back toed is show. you know, so this past, this past weekend, there was a story that-- that caught my eye. there was a shooting at a mall in alabama where two people were shot. i think one died and one severely injured. and the police came in, and then the-- they said that they shot the gunman before anyone else could get hurt. all right. at least that was-- that was the first report that came out. and then t

that's what he should have said. ( laughter ) so it turns out america's top used car salesman clearly sold g.m. workers a lemon. and if you think about it, trump's promises are a lot like the chevy cruze: you can sell them as hard as you want, but at the end of the day, no one's buying it. we'll be right back. ( cheers and applause ) are we ready for the halthe shot is up!ge? yeah! sir, your order is ready. sir, your order? it feels like a big win when you get a deal like this. oh! this is unbelievable. introducing mcdonald's new $6 classic meal deal, choose one of 4 favorites plus any size soft drink, small fries, and a pie, all for just $6 dollars. ♪ ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ daddy!! did you get my surprise? ♪ it's the little things that make life rich. ritz. the united explorer card makes things easy. traveling lighter. taking a shortcut. woooo! taking a breather. rewarded! learn more at the explorer card dot com. >> trevor: welcome back toed is show. you know, so this past, this past weekend, there was a story that-- that caught my eye. there was

g.m. to move production back to ohio. keith fromed by detroit. does gm have product it could manufacture in ohio? keith: that doesn't exist currently. doing so would be a tall order. you would have to come up with a product and then convert the plant. it would require billions to redo the paint shape and body shop. it is not impossible, but it would be a very tall order. vonnie: given that that is a whole other catalyst issue, what about the ones it is already targeting foreclosure? other any potential products that could be manufactured in the ones that are already slated in detroit and ontario for shutdown? if you look at the plants being shut down, the end if one is the plant in detroit. it is about 32 years old. the city of detroit bulldozed a neighborhood to build a plant. there is a lot of pushback here in detroit about closing a relatively young plant. if they are going to put anything anywhere, it seems that would be more likely. michigan also went for trump in 2016.there is precedent in this area. g.m. was going to close other plants, but found new p

have been injured since the war began 17 years ago. >> president trump is attacking general motors over its decision to idle plants and lay off workers. >> the president is threatening to cut all g.m. subsidies in response. >> the nasa spacecraft that touched down on mars yesterday has beamed back the first clear thoto of its landing spot on the red planet. >> new video released of a baby gender reveal gone wrong. >> this is what started the sawmill fire near tucson. one he fire burned nearly 47,000 acres. ar first lady melania trump and second lady karen pence visiting the red cross. >> to help put together comfort kits for troops overseas. >> these comfort kits are one small way that we can say thank you. >> first thing i thought was, "this is a beautiful view, and

g.m. shares are going up. only donald trump voiced his disappointment he said america had done a lot for general motors in the pond does he have a point for a change. in him who did it there was barack obama who saved g.m. from bankruptcy back in the height of the financial crisis the taxpayer did not barack obama with his own money but the taxpayer so there should be some thankfulness there canadians also did a lot for g.m. but you know the market is changing and policy raising tariffs mary c.e.o. mentioned herself that that was making production in north america more difficult will advance and frankfurt thank you. and that's all your business here's a reminder of the top stories we're following for you here on to w. the ukraine parliament has voted to impose martial law after russia seems three ukrainian ships near the disputed crimean peninsula on sunday ukraine's president has told it a new phase of aggression while the u.s. has accused russia of an outrageous violation of ukraine's sovereignty. and scientists celebrating after that spacecraft inside successfully touched on miles across town to survive really it's descent

have to come into play. >> neil: let me ask you, the president also warned g.m. e surprising job cuts, 15,000 of them, that the company might have to lose its subsidies first granted in the government rescue. do you support that? >> well, first of all, i didn't support the government bailout but at the same time, i think president trump is being very vocal and standing up for american jobs. if g.m. is going to close plants because there was one product line that wasn't selling well, what he's asking is go find a different product line. obviously they're going to build a new line of cars. >> neil: they blamed the trade tariffs for that and making business much pricier and tougher. you don't buy that? >> well, we are getting agreements in mexico and canada is almost fully signed but there is an agreement between mexico and canada that's going to end some of the tariffs that were going on there. you know, clearly china, the whole world recognizes that china has to stop cheating and stealing intellectual property and dumping products so the world is going to recognize

g.m. mr brand changing men's attitudes will be essential. to have not done university hospital collects detailed information on trends in female cutting. medicare only since two thousand and two all antenatal patients are asked what kind of cuts have had and if they intend to cut their daughters. they were kind enough to. say this is rare to see a woman who is. my daughter. in two thousand and two ninety seven percent of female patients had undergone the pharaonic cut and most intended the same for their daughters. but that has changed. improvement in the type. and the return to having now entire one to which they calls. but if they were risking cuts so. one is the one that this is a little bit the tip but tied to a dictator how fast can a truce we know or cuts doesn't have any benefits. i just. talked to my current doctor shukri introduces me to a friend who's at the hospital on a post natal liver she gave birth order days ago oh so there was a very interesting burst of that sort of stuff from. the midwife and know the harmful effects of for only c

g.m. is to end changing men's attitudes will be essential. to have not done university hospital collects detailed information on trends in female cutting. medicare only since two thousand and two all antenatal patients are asked what kind of cuts have had and if they intend to cut their daughters. they were kind enough to. say this is rare to see a woman who is i would love my daughter. in two thousand and two ninety seven percent of female patient had undergone the pharaonic out and most intended the same for their daughters. but that has changed. improvement in the time that. having now in one term to which they calls. but if they were escaping cuts still. taiwan is the one that this is a little bit the tip but tied to a dictator how fast can a truce we know or cuts doesn't have any benefits. i just. talked to my current dr shapiro introduces me to a friend who's at the hospital on a post natal liver she gave birth order days ago oh so you know there was a very interesting burst of that sort of stuff from. the midwife annoyed the harmful effects of

have that world, particularly with respect to china but not only china. and so he's taking actions that he thinks will get us closer to that world. yes, please. reporter: another g.m. plant question. when the president said they better damn well open a new quickly, was he just expressing frustration, or does he have a plan in mind? larry: i'm going to leave that to him. reporter: i want to ask you about what the ambassador said -- the chinese ambassador to the united states said, his thought was that there would be a real risk to the global market, if there was no deal. that they could become fragmented, as well. stakes if youe cannot reach a deal? larry: look, the ambassador makes a point. now if he would do his part or his government would do their part, then we can all make a much better point. that's what president trump is saying. i mean, i'll read you the quote again. there's a good possibility we can make a deal some ideas up into it. but certain conditions, you know, have to be met. certain things have to be changed. and the president again in the spirit of promises made, promises kept is going to defend, you know, the interests of american workers and ran

and girls opportunity to have economic mobility to own their own businesses to take care of themselves. that they don't go to us it is not just about dropping their rate of g.m. it's about creating a new culture it's about creating a new tradition and a new norm in our society how americans also will never have a role model our our messy our. what our social media i work with n.b.c. . i actually use social media to connect with a sister activists around the world. and i fighting against of two sisters from sudan from india from you know so malia all working in the all corner anough g.m. and we use social media through the group to savage arms to support one another. sometimes in activist my god. and tell us what do i do and we help them respond to it so when social media is critical it's critical to everything that we did. my father's captain in the thing he was an army officer of a loss of life during the cargo boy on sixth august one thousand nine. of always wanted to be a writer ever since i was twelve i knew that i wanted to write this book. it's called small acts of freedom it's a family of three it's a memoir a story about three generations of thing ov

safest cleanest air and water in the president's going to do exactly that they're able to have haven't come back to g.m. president john rowland on january twenty seventh that's the big three auto immune disease that wanted to make us some more attractive place for companies to manufacture products and on taxes and this is from relations but this is more action i can say certainly it's disappointing to see that g.m. decided to lay off these workers the president's been extremely committed to bringing manufacturing jobs back to the united states which is why since he took office we've seen four hundred thousand new manufacturing jobs created in the united states it's because of his policies that we've seen that grow this is not about the president's about the fact that they're making a car frankly that people don't want to buy and hopefully they will make adjustments and make changes and bring those workers back ever served back to up on air for. the special counsel's office saying to. the terms of this plea agreement by lying to investigators with the president right then that mr mannering we're going t

and tr friends, and then we have to come back to work, or wake up in the morning and hear this news. .t's not easy for everybody. >> reporter: the cuts are the largest since g.ms bailed out by taxpayers during the 2008 financial crisis. they come as steel tariffs imposed by the trump administration have cost the tutomaker $1 billion. the marketplace is also thanging. >> more and more people are buying these taller crossover s.u.v.s. and so, general motors needs to make some drastic shifts to its eroduct lineup to make sure that it's well-prepared to sell the cars that people want to buy. >> reporter: the layoffs are a blow to president trump, who promised this during a 2017 visit to ohio. >> i said, "those jobs have left ohio. they're all coming back. they're all coming back." ( applause ) don't move. don't sell your house. >> reporter: democrat tim ryan represents an ohio congressional district home to one of the nlosing plants. >> they got a bailout from the hmerican taxpayer, then they screw americans a few years later. they get a huge tax cut. their profits are through the roof. >> reporter: wall street at least seemed to like the news. g.m. stock closed

g.m.? only if you would agree to nafta. we have a differently named nafta but very much like the nafta we had. if you add tariffs, gm brings in the plant -- cars from the plant in mexico. but heuld hurt them would have to redo a trade deal he is already agreed to. it will not affect g.m. in that sense. he is using this for political capital to say we need bigger tariffs on cars coming in from a variety of other countries because general motors just laid off a lot of people. that is a different issue. it would be more widespread tariffs on asian and european vehicles that he is been threatening for some time which would affect not american carmakers but foreign carmakers quite a bit because they import a lot of vehicles into the u.s. every year. emily: these tariffs on trucks date back to the 1960's when the u.s. retaliated against chicken tariffs in germany. just context there. what does this mean for the finance of electric cars and the impact on electric car sales in general? >> assuming he is referring to the federal 718 -- 7500

g.m. really in such a bad way that it needs to five fifteen percent of its workforce. i think there's several aspects that you have to address there yes they are very profitable at the moment a quarterly profit of around two and a half billion dollars that's nothing to sleaze sneeze at and it's come comparing very well with quarterly profits that other companies as well but. c.e.o. mary barra had to issue a profit warning in the summer that things were not going as well and that's due to several factors one is the weakening car market in the united states so dance for example not selling as well and that's hitting g.m. and also a factor is that mary wants to look forward this these factory closures are part of the policy part of that strategy g.m. needs a lot of money in the next couple of years in order to invest in the mobility and eat cars and everything that has to do with that and has to do on top of financing ongoing operations so she sees itself very very well motivated to do the steps that said it does seem to run very much contrary america donald trump voicing his disappointment is he right. well he has a

g.m. was considering the us nor were the workers so it was a big shock for auto analysts many of us have looked at this plant and said there were lots of indicators for the last few years that this was a plant that was in trouble and needed some help well today or yeah today we found out that in fact it's not being helped it's being left behind in favor of other plants so it has been a shocking day and i think really shocking to the community i think in terms of its . overall impact on the international audience to understand this is a significant shift for general loaches this is the signifier that general motors is that jockeying a very aggressive a new marketing strategy which will impact its local in kind of footprint but is also trying to position itself in the markets for the future so what's this then or telling us about g.m.'s future strategy and they say they want to reinvest money away from sort of you know traditional petrol cars and put it into new technologies like electric and self drive cars but that's a good thing isn't it. it is a good thing and in fact canada has to some exten

many of their families have worked at g.m. i know this from our g.m. plants in new york. and to lose your job when you put so much into it. you wake up in the morning and say my job is to make the best car possible. a gut punch or worse. we need to do more, a lot more to encourage investments in american jobs, in american infrastructure, to bring back manufacturing. what we don't need is more rhetoric from the president who has made a whole lot of promises but unfortunately failed to deliver for these workers. here is what president trump said last year about manufacturing jobs in ohio. quote -- they're all coming back. don't move. don't sell your house. we're going to fill up those factories. we're going to fill those factories up or rip them down and build new ones, unquote. here is what else he said -- if i'm elected, you won't lose one plant. you're going to have jobs again. you won't lose one plant. i promise you that. president trump promised people in the campaign we would not lose one plant. a lot of people voted for him for that reason. guess where he said we won