general motors is meeting with french car manufacturer persia. gm could be selling its main brand in europe, opel. here is why. in 2012, opel posted an operating loss of close to $2 billion. in 2014, losses amounted to over $1 billion. last year, opel promised to break even, but it couldn't. $300 million in losses reported. a lot of these loss on the balance setrehenc expes have pointed to the ntia for synergy between the two countries. for us, there is a strong existing cooperation that could be expanded. but that is not all. >> from the perspective of general motors, it is understandable that given opel's long history of lossmaking in europe, it would try to pull away from risk. from uncertainty. peugeot wants to build a big conglomerate. that is risky. daniel: the opel plant in the west german city of brussels, reactions were mixed. some are skeptical to deal with succeed while others expected both firms to put profit above all else, even at the worker's expense. >> i can't imagine it. general motors has always been concerned with maximizing p

lauren: disney and general motors.rs focus on subscriber wrote at espn and gm investors focus on what could be a record-breaking quarter. nicole: amazon wants to start grocery stores that employee robots. lauren: in overtime thriller in d.c. at the cleveland cavaliers beat washington wizards and hockey st. louis blues and the flyers. we love highlights. nicole: 5:31 a.m. in new york. we welcome you to "fbn:am." it is february 7th. the first look at today's markets in the latest breaking news. nicole: lauren: the legal battle over the temporary travel ban goes before a federal appeals court today. the ninth circuit court of appeals in san francisco will hear arguments from the federal government and states suing tribe. white house counselor kellyanne conway defended the ban on lou dobbs today. >> we are confident we will prevail. when at the is tough, but as you say, presidents have broad authority, but also a duty and responsibility to keep their nation safe and that's the president trump is trying to effectuate here.

general motors is incredibly opt mostic about the future of mobility. auto makers are faced with a tremendous opportunity to create a new model for personal transportation that changes the way society thinks about the automobile and we are rising to the challenge. in june of last year gm began testing self driving cars on public roads in arizona, the urban center of san francisco and in december we announced we would begin testing in metro detroit. we have more than 50 vehicles testing in these cities today with more planned in the future. gm will produce the next generation of our test driving vehicles at our plant in michigan. the vehicles will allow us to accelerate the testing of this exciting new safety technology. expansion of our real world self driving vehicle testing program will allow us to deploy self driving vehicles within carefully defined parameters and boundaries through ride sharing projects. the safety of our customers is our driving principal. developing self driving technology to uphold this standard is our top priority. our test veh

daniel: general motors head is on the defensive today. is looking to convince german authorities that selling will be beneficial for the country at the workers. they would be forced to overhaul the country, something that has germans nervous. >> a light has been shed at the headquarters. the general motors head has been the to employees, but stayed out of sight. opel workers already knew what was on her mind before she arrived. she sent a letter, possibly putting thousands of jobs on the line. the scale of a potential shakeup is caused to -- could cause the german government worried. >> [translated} we place great value on jobs in germany that are just. talks are taking place at different levels. with opel and general motors, but also on the french side. concern is not only mounting in germany. in the u.k., it union representatives are lobbying the government to make sure they protect jobs at opel's sister company. >> we need to be prepared -- we are not prepared to accept a single job loss in britain. britain is a huge market. it is the

general motors has moved aggressively. we've announced we are implementing 17, 2016, excuse me me 2017 and 2018 models. the rearseat reminder system that is monitoring when a rearen door is open on the vehicle, then when the ignition is turned off at the end of the journey, chimes sound any message is put up on the instrument cluster monday the driver to check the rearseat.essage we think this is been a very effective system to implement and one that i would save already in production on many to models. >> dr. pratt and mr. colberg,, all your companies working onmo technologies to prevent child heat deaths? >> first of all, consumer education is very important in this field. however what we recently ed introduced as an optional in our cars is in vehicle motionecently sensor. it cannot sense heartbeat but it can sense if an animal or if a child moves. it's a first step to this and i animalbe happy to provide for the protocol later on exactly how efficient these technologies are to protect our children. >> the problem of cou

i'm on the board of directors of general motors. i don't think general motors needs any introduction. >> no. >> thank you very much. >> i'm the president and ceo of steel industries which is one of the world's largest recyclers of metal products, sold to steel mills around the world. i sit on the board at parson's corporation which has been a big participant and i sit on the board of variety, which goes back and forth between the u.s. and canada over 400 times everyday. and lastly, i'm the schar of the board of portland branch. >> i'm vice president of ge as well as lead ge's operations in canada and we're in digital industrial company working in 190 countries arnold the world. >> i'm an net, i'm the ceo of an energy development company. i worked for u.s.-based companies. home depot. i think that our countries have so absolutely bound together by our people, our resources, our trade. we have found ways to get products and services and people to the border efficiently. as you know. >> we'll be working on that very closely the next sh

, considering buying is considering general motors.es with goldman sachs saying fiat chrysler is in the best position for a wave of consolidation. alix: with+++ you will dovetail over what abigail was saying. it is the vix versus global policy uncertainty. huge uncertainty, the blue line. the vix around levels we have not seen since 2007. help me explain the denver -- the divergence. julian: we are seeing political confusion. not just here but elsewhere. a part europe, china has that will set the course for the next five years. rather than selling stocks and creating volatility, investors thesitioned taste on prospects for growth, that animal spirits could revive, with confidence measures. mode. in a wait and see there is really just an absence of trading back and forth. do with that?you how do you position your self to deal with uncertainty and low volatility when you do not know how to model your estimates because you don't know with the fiscal policy will be? : recognize the range in outcomes is much wider than normal. potentially c

ford, general motors, fiat chrysler are bringing in and bringing back thousands of jobs, investing billions of dollars because of the new business line that we -- the new business

because ford and fiat, chrysler, general motors, sprint, intel, nd so many little others are now, because of the election results, investments in the united states, expanding roduction, and hiring more

general motors like wise committed to invest billions of dollars in its american manufacturing operation. keeping many jobs here that were going to leave. if i didn't get elected, believe me, they would have left. and these jobs and these things i'm announcing would never have come here. intel just announced that it will move ahead with a new plan

here in the uk, the business secretary greg clark says he has held constructive talks with general motors emerged the owner of perjury, the psa group was involved ina perjury, the psa group was involved in a possible takeover in vauxhall‘s european operation. the general secretary of unite says he's not prepared to acceptjob losses. secretary of unite says he's not prepared to accept job losses. we have made the call, we want the government involved in the issue general motors. the french government own a stake in peugeot, they will be arguing and fighting for frenchjobs. basically they will be arguing and fighting for french jobs. basically i'll be saying to the government, that is what we need to do. we need to work together, the government needs to make it clear we are not prepared, in the event that peugeot five —— are buying vauxhall, we're not prepared to accept a single job loss in britain. iam i am ross atkins with 0utside source. 0ur i am ross atkins with 0utside source. our focus i am ross atkins with 0utside source. 0urfocus in this programme isa source. 0urfocus in this progra

general motors and peugeot lost market share. see the and the reasoning building up coming as the two companies are trying to work a secured deal for the sale of opel. 's unprofitable european arm. matt miller is at the opel headquarters in germany. good to see you. overall, european sales are strong but these brands are losing market share. he at chrysler. one has got to question the validity or the thinking of peugeot buying brands perhaps at the top of -- top of the market. there are two points to make their. one is that don't forget fiat chrysler is still open to a merger with general motors if they feel like it. he still wants to sell. general motorsnd wants to get rid of their european assets. they would not be money-losing if it had not been for brexit. general motors lost about $300 million after the brexit vote. that is what pushed them to a loss. if it had not been for that oakland locks all would have made money. all would have made money. if it were not for the drop in the pound and the operation we have got going in

general motors likewise is expanding plants and going to build new plants. fiat chrysler was at a meeting where they're doing the same. jack ma. we have so many people that want to come into the united states. i think it's very exciting. i think it's going to be an exciting period of time for the united states and for the workers of the united states, because they have been truly the forgotten man and forgotten woman. it's not going to be forgotten anymore, believe me. so our relationship with canada is outstanding. and we're going to work together to make it even better. and as far as the southern border is concerned, we're going to get that worked out. we're going to make it fair but we are going to make it so that everybody is happy. it's very important to me. thank you. thank you very much. thank you, ladies and gentlemen. thank you very much. >> that is kind of the classic two and two press availability. opening statements by both leaders, and then two questions each from the white house correspondents and their visiting canadian equivalent. the news ou

the president of general motors — which owns vauxhall in the uk — has flown to london to hold crisisd unions, amid fears that thousands of jobs here could be axed. a rival french company is in talks with general motors about taking over its european business, but there's concern about what that would mean for vauxhall‘s plants in luton and ellesmore port. our business editor simon jack is in westminster. those plants employ more than 4000 people. how worried should workers be? i think quite worried, because i can tell you the government is taking this threat of deadly seriously. after meeting the president of general motors here today at the department of business behind me, this secretary greg clark got an eu i’ow this secretary greg clark got an eu row start train to paris and is meeting with his opposite number in paris, as we speak, the industrial minister. he will then meet the board of psa, deep company that owns citron and peugeot. this may come down to a 3—way fight between the french, german and british governments. in that fight, the french government owns 14% of peugeot. t

general motors reports before the bell along with adm and michael kors.>> still to come on "worldwide exchange," the top stocks to watch including another ceo change at teva. first, as we head to break, the major currencies right now. some marked dollar strength. euro, yen, and pound all lower. back in a couple minutes. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. at bp, we empower anyone to stop a job if something doesn't seem right, so everyone comes home safely. because safety is never being satisfied. and always working to be better. >>> good morning. welcome back to "worldwide exchange." a check in on the market action. the big mover this morning is the u.s. dollar. as you can see, marked moves to the upside for the dollar. the euro lower by 0.8%, as is the pound. the yen, as you can see, weaker by a half percent. big moves in the dollar. it comes amid a little bit of risk off sentiment yesterday. it

cybersecurity is an issue general motors takes very seriously. we had the onstar service for 20 years and we are not new to the connected vehicle space. specifically around cyb cybersecurity, we were also the first out to maker to appoint a chief cybersecurity officer who reports to the ceo and board of direct directors. we were also a founding member of the auto isac, an industry committee to share best pract e practices and learning on cybersecurity. jeff max imilla is our chief cybersecurity officer and also the vice-chairman of the auto isac. it's an area we've been very active in. we've worked with companies from other industries, the defense industry, and neurospace industry to make sure we have the most current learnings, not just in the out to space, but in industrial spaces, wherever they are. >> thank you. mr. pratt. in toyota's comments on nhtsa on the federal automated vehicles policy, toyota mentioned they would be deploying the systems in a step-by-step manner as the technology matures and becomes available. would you walk us throug

less than two weeks later he took aim at general motors for assembling cars in mexico and the share valueropped .7%. he criticized toyota for building a new mexican plant, dealing a $1.2 billion blow. more recently he sent delta airlines stock prices down after he blames the company for the chaos in airports across the country. with more than 24 million followers on twitter trump has had an unprecedented influence on stock markets, forcing companies to rethink their relationship with white house. get in the way the president and you will be named and shamed on twitter. there are signs that the trunk tweet could be losing its power. on wednesday he criticized nordstrom for dropping his daughter's clothing line. thatny's stock took a hit bounced back after about four climbingclaiming -- nearly 4%. >> european shares trading up this lunchtime. lots of companies moving the market. some of those company results for you starting with the french bank which reported better-than-expected earnings for the last three months of last year. have been suffering from low interest rates. income was booste

. -- it is owned by at subsidiary of general motors. have a huge state in what gets done is far as big strategy decision like a sale to be joe. you have the politicians. the economy minister said she will fly to paris to talk with the government there which owns a huge stake in pew show. angela merkel government said they have not made a decision an opinion on exactly how to decide on this. they have to talk to a number of people, they talk yesterday to the gm president in berlin. it will be interesting to see first.ide budgets i can tell you that the german government and the unions are not happy about how they found out. bloomberg roca story of couple days ago and that was the first they heard in berlin of this planned exposition -- acquisition. let's go to juliette saly. juliette: thank you. u.s. intelligence agencies and the fbi are conducting multiple investigations of a contact donald trump's advisors and associates had with russia during and after the presidential campaign according to for national security officials with knowled

the company is pushing ahead with talks to buy the opel brand from general motors. alexander hirst has more. psa is ready to let the good times roll. rescued from the verge of bankruptcy by the french government in 2014 europe's third-largest automaker nearly doubled its profit last year. it is issuing its first dividend in seven years. can pull a similar turnaround with the german car brand opel which has lost billions since 2000. part of general motors european division. >> we believe there is opportunity to create a european car champion. resulting from the combination of a french company and a german company without forgetting our u.k. friends. which could be just weeks away would make psa europe's second-largest auto manufacturer after book volkswagen. it could result in savings for the company. some of that may come from cutting jobs. vauxhall employ 30,000 people mainly in germany and the u.k.. they recently met with theresa may and angela merkel. they say they will keep a promise to keep jobs in germany until 2019. jobs are a key point for the french governm

take a look at shares of general motors versus the s&p 500, we're going back to the gmipo guys.ook at that, no comparison at all. this has been essentially dead money since the ipo. i remember the day when we reported on the floor of the stock exchange, there was no shortage of people who said, at a minimum, you would see general motors go to 55, $60 within a year, i think it's gotten over $40 a couple times, that's why they're saying let's build on our strengths and look toward our strengths and get rid of the weakness and that would be europe. >> wolf was about to buy an opel car, right? >> well. it's quite a turnaround for poachers as well. to be in a position to buy the rest of this unit is a turnaround for them? >> in much better shape than it was a few years ago, now they're to the point where they're saying, how can we grow, how can we become even more efficient as an automaker, if you look at the european market, if they were to make this deal, they would jump past renault to be the second largest automaker in europe. obviously volkswagen is the largest. a far different

and so we have had a tremendous number of announcements, we've had forward and general motors and general motors, many others intel made a major , announcement, they did that because what is happening with our tax structure which is going along very well. we are going to have some very big news over the next short. -- short period of time. but we are a nation of tremendous potential, the expression "make america great again," i will tell you it will be greater than ever before. and i just want to thank the prime minister for friendship. we developed a great friendship when we met in new york city at trump tower. we spoke for a long, long period of time. when i greeted him today, i was saying -- i shook hands but i grabbed him and hugged him because that is how we feel, we have a very, very good bond. very, very good chemistry. i will let you know the changes, but i don't think you will. -- it will. [laughter] pres. trump: i\ want to thank the prime minister for being here. we are going to be meeting your wife and i look forward to that. i want to thank everybody in the room. we are going

general motors posted record earnings for last year and they expect to amass or exceed the profit, salessuvs in north america is one reason and they faces issues in the european union, we spoke with her cfo chuck stevens. mr. stevens: brexit is a reality and will be a headwind in 2017 for us, the impact from the currency standpoint, as we look at the overall environment, is prettyrowth challenging environment, especially with the currency in the u.k. we would expect flat performance from a profit standpoint in 2017 versus 2016. vonnie: they have a month extra unsold cars, compared to this time last year. look at where european markets are trading, four minutes away from the tuesday session, france is lower and germany, the stock europe 600, the ftse 100 up, the closes next. ♪ [ alarm clock beeping ] weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] ♪ mark: live from london and new york, this is the european clos

. >>> general motors on the move. the auto maker ahead of expectations with earnings, launching a pre-tax north american profit. >>> coors misses. >>> first up, china's foreign minister is speaking out on u.s./china relations, saying there cannot be conflict between china and the united states, as both sides will lose and both sides cannot afford that. that plus a new note out from goldman sachs saying, quote, the trump administration is likely to make an announcement on china's currency policy and impose unilateral tariffs on a number of products. we expect this administration to be active in using existing trade enforcement tools than recent administrations. on the immigration side, elon musk's tesla and spacex joining the brief filed by nearly 100 tech companies. a federal appeals court will hear arguments today 6:00 p.m. eastern time on the president's immigration order. three judges are going to hear the hearings by phone. one is a carter appointee. one from george w. bush. one from obama. we'll find out what hap

general motors shares closed the most 5% higher in yesterday's new york trading.er bloomberg revealed that psa group is exporting and acquisition of the carmakers european business. according to a person familiar with the matter, gm is seeking a multibillion dollar amount for opel which also operates u.k. sister brand [inaudible] that is your bloomberg business flash. matt: thank you very much. we are minutes away from the open. we will take a look at some of the possible movers in today's trading including credit agricole as the french inc. posted a slump in fourth-quarter profits. some feel it was better than expected. we will tell you all the details. this is bloomberg. ♪ matt: we are minutes away from the open. let's get some of the stocks to watch this morning. as guide put it, beer and banks set to rise. heineken is the beer we are talking about. the dutch brewer, the world's second-largest, putting out numbers that are better than analysts were looking for in 2016. $3.8 billion in operating profit and then forecasting growth in margins, in profit, in sales,

the french group psa, which owns peugeot and citroen, is in talks to buy the european arms of general motors the uk car industry was a "beacon of success" and known to be very efficient. but mps asked what effect brexit and the uk's less rigorous employee protection would have on the future of vauxhall production. vauxhall is one of our oldest and most valued motor manufacturers. it has been making cars in britain for 113 years and has been owned for the last 92 years by an overseas investor, general motors. there are over 115,000 people employed directly by gm or in vauxhall‘s retail or supply chain in this country. le egiiirf es 1551555442? tools in his disposal to protect jobs at vauxhall. this is a worrying time for everyone affected but it is not a new experience. there have been threats to the plant in the past. they have been seen off by industry collaborations between unions, management and government. i want that to carry on. can the secretary of state confirm he will work closely with everybody at every stage? every part of britain has a stake in vauxhall. i completely agree with h

look at general motors today.ard to describe that stock as over valued. >> that's right. >> those growth still lingers. >> that's always the question with every name, every sector. >> how much was gaining. is this as good as it's going to get for a few quarters. for some policy-related stuff with gm, i think in general aggregate earnings have been okay to kind of ratify the ideas, on the rebound. they have not given you an excuse to say, wow, they're really accelerating from what you expected and we're going to chase the market higher. you often get these stalled out zones where sector moves happen but not so much the broad market. >> rob, when we look at bond yields which are often the tell about how excited about growth, it's looking less excited these days. it's old news but the jolt support, job openings, labor turnover that was what he can it came out today from six weeks or so. job openings fell a little bit. so, you know, i guess the bar is so high right now to show the economy has or is gaining momentum. e

. >> hi, i am the ceo of general motors. jim, the boeing guy. [laughter] >> [indiscernible] >> kevin morse, stanford university. [indiscernible] jack welch. >> [indiscernible] >> jenny ramadi, ibm. pres. trump: thank you very much. the president mentioned during his business council meeting, the job numbers. january.obs created in the president also signed two executive orders dealing with financial regulation today. one directing that treasury department to renew the 2010 jobs right --. frank law -- dodd frank law. here is the president signing those. signing thesee the-- orders to regulate u.s. financial system. it doesn't get much bigger than that, right? pres. trump: would you look at that? >> what we are doing is returning to the american people, the investors and retirees, the control over their own retirement and savings. this is a big moment for us. pres. trump: she means that so much. chairman, i think we should hand the pen to this special person. >> thank you. pres. trump: you aren't it, it, youit -- she earned earned it. >> alright g

. >> i am on the board of directors for general motors. we had another here last year. president and ceo of around thendustries world. i sit on the board with participants in the public trust and itship in canada goes back and forth with the u.s. and canada 400 times every day. also, we work with the federal reserve force. vice president of ge. in canada. ceo of a development company. nike,k with home depot, and crafts stores. countries areur , andund together by people for many years, and we were addetitively, we can services and people to the border. >> we are going to be working on that very closely. those are things happening that to be very good. am the ceo of north american for censure. lindam ceo of corporation. we are a manufacturing company, we have 57 plant and 125,000 employees all around the world. we are heavily invested in canada. we have doubled our workforce in the u.s. over the u.s. over the last five years. we have a lot of exciting opportunities for growth. mainly in the auto parts. >> thank you. >> c-span's washington journal, live every day with new

this week, general motors said it was in talks to sell vauxhall and 0pel brands to psa.inly want to cut costs if there is a deal, and that might mean closing down factories. after all, britain will be up against germany, where 0pel employs 35,000 people, in what is increasingly set to be a corporate beauty parade. if the takeover goes ahead, it's inevitable, i think, there will be plant closures. the crunch point comes in 2018, when a decision will be made on where to locate the next astra model. at that point, if the government want to keep investment in the uk and keep plants open, it's going to have to pull out all of the stops in terms of offering an attractive deal to peugeot. the meeting between these two could decide that. the boss of peugeot and citroen, carlos tavares, will want at least the same concessions from theresa may that she gave to the nissan boss, carlos ghosn, last autumn, to persuade him to stay in sunderland after britain quits the single market. nissan was promised more investment in locally made components, electric batteries, and free and unencu

a rival french company is in talks with general motors about taking over the european business, therelew in to have a meeting, the business secretary got straight donna traynor and is in paris and as we speak is meeting with his opposite number in paris —— straight ona train. opposite number in paris —— straight on a train. he will meet with the board of the french company that owns citron and peugeot in europe and these are the potential acquirers of 0pel in germany and vauxhall here. i think we are heading for a 3—way fight for jobs across the group between the uk 6overnment, across the group between the uk government, the french government and german government and that will be tough because the french government owns 14% of ps a and the peugeot family owns 14% and if you add that to the fact the german... it is three morrow times expense to sack workers in germany than here so the secretary of state has a fight on his hands. to underline that, 6reg clark is to travel to paris tonight to meet with peugeot executives, more about what message will be taking? well, he will say this is

honda said it would make joint feel systems with general motors. re will be used in electric vehicles and hybrids. we are already quite competitive in electric motors, but now we aim to have two thirds of the global market share by 2030. twitter says it is getting tough on harassment, rolling out how new changes will combat bullying by hiding abusive content and preventing bandit users from creating new accounts. it is part of jack overseas push to cleanup twitter after years of criticism that not enough has been done to curb abuse and harassment. this is "bloomberg markets: asia" global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. right, well, "bloomberg markets: asia". i am rishaad salamat. japan entering its lunch break. david, a few wobbles out there, all it playing a role? david: yes. about the japanese yen, there is an interesting note from pimco. shinzo abe scheduled to meet president trump this week. fact that japanese officials have come out and said our monetary polic

general motors, chrysler, so many more already are keeping in bringing thousands of jobs back into the country because the business climate they now have already changed. arizona until will open and a new plant to create 10,000 american jobs. [applause] we will see more and more of that cutting taxes and including for business to create a level playing field for our workers. and american workers will always always win. but we did not have a level playing field but very shortly you will hobble level playing field again. [applause] america as a country wins. that is my message here today we will start winning again to beat taken in vantage we love our workers and fight for our jobs. we will fight for our families. and we will fight to get more jobs and better paying jobs to the whale citizens of our country. [applause] you heard me say it before. from now what it will be america first. there is nothing we cannot accomplish. no dream of do great though gold beyond our reach. we will rebuild this country to be injured that every forgotten community has a bright future it deserves. by the w

scarlett: general motors reported record-breaking earnings.12 billion in profit shares down on the larger inventories. america,erg daybreak chuck stevens was asked about a tax plan currently and the house of representatives. support tax reform. we believe the border adjusted taxes are too complex. what we really want to do is work with the administration to make sure did changes beneficial to the united states and manufacturing competitiveness leading to growth and jobs for it when want to be part of the solutions going forward. oliver: the vortex might actually hurt gm and make up for it by other tax reforms and tax cuts? >> i think it's too early to speculate how early this plays out. thatnt to work to ensure it is best for the u.s. economy and manufacturing. a strong base is good for the u.s. and jobs in the u.s. oliver: oliver:are you having discussions with congress about specifically the auto industry? ofwe are engaged on a number regulatory tax reform and other issues. again, we want to be part of that discussion and be part of the oliv

. >> mary bar are, chairman and rowe crow of general motor. >> doug mcmillan, walmart. >> mary. >> rick,. >> jim the old boeing guy. >> paul atkins. >> kevin war, standard university. >> toby -- cleveland clinic,. >> dan ihs markets. >> jack welch, -- >> clark, some day, maybe. >> jenny, ibm. >> pepsico. >> blackstone. >> thank you very much. thank you, folks. thank you for -- >> sunday night on "after words," radio talk show host hugh hewitt takes be "the fourth way: the conservative playbook for a lasting g.o.p. majority putt putt interviewed bay new york daily news columnist. >> what should the g.o.p. do to avoid sitting on their car and not making the most of this opportunity, which could be over in two years. who knows. >> a great observation. the democrats thought they had a long time, super majority so the did the stimulus, $850 billion, obamacare and dodd-frank, and all of that will be gone in two years. all be swept away. there will be no trace of the obama presidency. the 850 billion you cannot find when i talk about investment infrastructure. i want to build things. >> sunday

future of thousands ofjobs at vauxall‘s uk plants —— at ellesmere port and luton. a takeover of general motors business. coming up on newsnight, president trump's press conference was one of the strangest we remember and we will analyse it and how he is viewed by his opponents. good evening and welcome to bbc news. in a tempestuous news conference at the white house which lasted an hour and a half, president trump has rounded on his critics, especially in the media, and accused them of undermining his presidency. he sought to deny the existence of any compromising connections with russia and announced he was preparing a new executive order on immigration to replace the one suspended by the courts. our north america editor jon sopel was there and sent this report. ladies and the of § united ladies and the of i: united §fflfti ladies and the of é united % ati press c0 nfe re nce was notice a press conference was announced, highly unusual. ostensibly to announce his new secretary but really to get a lot out of his chest. the press has become so dishonest that if we do not talk about it, we are doi

general motors reports before the bell along with adm and michael kors.huck stevens will join us after the company reports, that's first here on cnbc. after the close, we hear from disney, gilead, mondelez and yum china. and the big thing with disney, bob iger. is he sticking around? >> 16 months until the turnover, they don't have another chief x executive lined up. >>> 21st century fox reporting second quarter revenue that missed estimates. earnings did beat the street. it's television and cable series benefited from the world series and the presidential company. >>> and an activist hedge fund manager has nominated four to sit on the board of buffalo wild wings. the move launches a proxy fight against the restaurant. the hedge fund has been lobbying since last summer for buffalo wild wings to franchise more stores. >>> and shares of fmc falling after the company fell short of estimates. it missed on the top and do the m lines. >>> senate democrats holding the floor in a marathon session to block the confirmation of trump's secretary of education pick. a

general motors has swelling and is -- swelling inventories.ed $12.5 billion of annual earnings before interest and taxes, adding that outlook as the trump administration levies. electrify america will invest in the construction and maintenance of electric vehicle charging stations, plus fund advertising campaigns promoting awareness. vw's investment is part of a legal settlement after the company was caught cheating on an admission test. a court filing said that fitbit is under investigation by a criminal gang jury -- a criminal grand jury for threat of trade -- under a grand jury for stealing trade secrets. coming up, we look at what is to expect when softbank reports third quarter results later on wednesday. this is bloomberg. ♪ yvonne: this is "daybreak asia." betty: time for a quick look at what is coming up over the next few hours. we are watching the dollar and whether the rally might be over. tag,ad: we saw this price that can be sterling pacific -- sterling specific. we're looking at moves in the yen. plus looking at the rate decision

president-elect, they say he is meeting with ford, chrysler, general motors, i just wanted to save ae time. chrysler, general motors, sprint, intel and 70 others are nowny making major investments in the united state, expanding production and hiring more workers and their going back to michigan and their going back to ohio and they are going back to pennsylvania and their going back to north carolina and to florida. [applause] it is time for all americans to get off of welfare and to get back to work. you're going to love it. you're going to love it. we are also putting in a massive budget request for our beloved military. and we will be substantially .pgraded -- all of our military offices, decent, everything. bigger and better stronger than ever before and hopefully we will never have to use it but nobody is going to mess with us, folks. it will be one of the greatest military buildup in american history. no one will their question, because they have been because we are very depleted. sequester. sequester. no one will their question our military might again. we believed in peace th

or general motors?la shares have been surging in recent months and more good news was delivered overnight — but will elon musk deliver on his promise of mass market car production byjuly? also in the programme: nissan boss carlos ghosn announces he's going to step aside as chief executive after 16 years at the helm — he remains its chairman — we'll be live in asia for the latest. and a mixed performance for europe's markets today. it was the turn of barclays to wow investors with its profits news shares are up over 3% in london. we'll continue our disability works series by meeting the woman whose college of fragrance is changing the lives of blind people in mumbai. and... tooty fruity! the president of iceland says pineapple on pizza should be banned! are you a lover or a hater of fruit as a topping? let us know your thoughts. just use the hashtag #bbcbizlive. welcome to the programme. i will begin by stating i am for pineapple on pizza. give us your views on this, it is a very hot debate. we will be a

mike ward is an auto analyst with a buy rating on general motors.ike, was this report as bad as the stock market seems to be painting it? >> no. no way. when you look at it from a financial standpoint, gm delivered what they needed to do. record results in 2016. ended 11 billion on the net cash. their pension liabilities came down. so i think from all aspects of it, gm's financial results were solid and don't justify a 5% selloff in the stock. >> so what -- if you can grasp at something out there, what is the reason the stock is off 5%? i read some place that it was concern over costs going into the future. concerns about the european and south american markets. i don't know. what? >> a lot of things. i think when you look at the grand scheme of it, there were a lot of questions about the border tax and so certainly that's an issue. there were about $200 million or so of costs of autonomous driving. everybody's caught up in the buzz but that's about safety and from my perspective, gm should be investing about a billion dollars a year trying to impro

ford, general motors, fiat chrysler, just to name a very few. so many more already. they're keeping and bringing thousands of jobs back in our country. because the business climate they know has already changed. in arizona, intel announced it will open a new plant that will .reate 10,000 american jobs they are spending billions of dollars. [applause] more trump: we will see and more of that across the country as we continue to work on reducing regulations, cutting taxes, including for the middle class, including four everyone's -- for everyone, including for business. a level playing field for our workers. if there is a level playing field, i have said this a long time, american workers will always, always, always win. but we don't have a level playing field. there is shortly, you will have a level playing field again. [applause] pres. trump: because when , americaworkers win big-league. wins america is going to start winning again, winning like never before. we're not going to let our country be taken advantage of anymore in any way, shape or form. we love america a

we also had general motors half a up a little over percent.at corporations are beginning to pick up m&a activity. use of, what is happening around this region question mark -- yousef, what is happening around this region? yousef: there is plenty happening. it is tough to keep up sometimes. let me show you some stocks to watch in particular. watched a mac -- watch dumac properties. also keep an eye out for bergen bank. they proposed a share dividend. that is one to watch out for. and a 5% ownership. we also have the us a be capital -- that will be interesting how investors digest that. that is all we have for this edition of "bloomberg markets middle east." tracy: we will be live from the region same time again tomorrow. this is bloomberg. ♪ announcer: the following is a paid advertisement for time life's music collection. mark: it's the attitude. >> ♪ it's all right now, baby, it's all right now ♪ mark: the killer guitars. >> ♪ american woman, stay away from me. american woman, mama, let me be ♪ mark: those unforgettable