one of the things i think is so special that general motors is the men and women at general motors.y worked so hard during that period doing what needed to be done to get the restructuring completed. david: the government put some money in a general motors. did the government get its money back in some form or another over the years? mary: there are a couple of points. we -- there was a portion of what the government provided that was loans. they had some ownership in stock. we paid back the loans and the stock piece, they chose when to sell it. but i would also say there is a difference, but when you look at the jobs preserved and created because we invested billions of dollars in the u.s. since the time to either create or maintain jobs, from that perspective it has been successful. i will tell you that at general motors we will be forever grateful for what the government did. david: when you meet with members of congress, do they understand your issues? mary: there is a willingness to understand how our business operates, how we create jobs, and what leads to success. david: do t

. >>> general motors posted its second most profitable quarter ever. questions are hanging over that company as it wrestles with slowing sales for the entire industry. >> business has seldom been better for general motors. thanks to surging sales in highly profitable utility vehicles. why are shares of general motors still lagging the market overall, auto sales have comed off, and many doubt gm can drive strong profit in a slower market. >> the problem here, you're fighting the cycle, people have been extremely skeptical they can deliver results. >> a big problem for gm is the fact people are buying fewer cars. take the chevy impala, in 2017 sales have been cut almost in half. with fewer buyers looking for sedans, there are reports gm could kill certain models in order to convert assembly lines to provide more cross-overs and suvs. gm is downplaying that possibility. >> we are always going to be very focused on aligning supply and demand. as we've seen the shift from passing cars to cross-overs, we've taken very proactive action to reduce our productio

general motors is hoping to get the all clear for the sale of its loss—making brand opel.aditional car industry coming to an end? we'll get a hands—on look at the latest in driverless technology. welcome to world business report. i'm rachel horne. today the eu commission will decide whether or not to give the green light to general motors for the $2.5bn sale of its european operations. gm is hoping to offload vauxhall and opel to the psa group — that's the french company which owns peugeot and citroen. it's easy to see why general motors wants to sell — their european operation, which is dominated by opel, has lost about $9.1 billion since 2009. if successful, the deal would make psa the continent's second—biggest car maker after volkswagen and ahead of french rival renault. opel employs 38,000 people across europe but it's feared the sale could put thousands of those jobs under threat with workers in the uk and germany considered to be most at risk. with me is anna—marie baisden, head of autos at bmi research. what you expect in the eu to say today? don't think we expect

that was general motors, during the financial crisis.k like going forward. in terms of the investment in europe, some of that did not make sense, to create cleaner diesel engines required for the european market, according to the seoul, only 20% of that actually overlapped with the rest of the general motors portfolio —— according to the ceo. in other words the technology in europe was not of much use in markets like the us, so then you saw how the numbers do not add up and they are using resources elsewhere. and what does this tell us about gm under the leadership of the ceo you just mentioned? i think the conclusion is that general motors is getting smaller, it is also getting more profitable. you are seeing it walk away from a whole region, at the time of the announcement that raised some eyebrows, it is no longer trying to compete to win the title of the world's largest car—maker but what wall street and investors seem to like is that it is positioning itself to win in a couple of friends. the driverless car market but also fast—grow

general motors is hoping to get the all—clear for the sale of opel and vauxhall today, but workers fearor their future, as the new buyers talk of "speedy" cost savings. and narendra modi has become the first indian prime minister to visit israel ever, with new military and cyber security deals at the top of the agenda. and we have the latest from the markets. all of them down, but the ftse only a touch, just .03 of a percent. more on that later. and we'll be getting the inside track on on a business that's been milking big profits around the globe, we're going to be speaking to the boss of arla, one of the world's biggest dairy companies. also, as volvo calls time on the internal combustion engine, are you ready to give up your gas guzzler? get in touch, just use the hashtag #bbcbizlive. hello and welcome to business live. today, the eu commission will decide whether or not to give the green light to general motors for the $2.5bn sale of its european operations. gm is hoping to off—load vauxhall and opel to the psa group, that's the french company, which owns peugeot and citroen. it's e

david: the government put some money in general motors. did the government get its money back? will tell you that at general motors we will be forever grateful for what the government did. david: do your board of directors let you go in a driverless car? [laughter] mary: if it is from general motors, i think yes. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

general motors is hoping to get the all clear for the sale of its loss—making brand opel.s the traditional car industry coming to an end? we'll get a hands—on look at the latest in driverless technology. hello. the us and south korea havejointly warned north korea that war cannot be ruled out followed pyongyang ‘s intergalactic blouson ballistic missile test. tensions are continuing to escalate between the united states and north korea after the american secretary of state confirmed that the weapon fired by pyongyang on tuesday was an intercontinental ballistic missile. it means it may now be able to target the north american mainland, and comes just two days ahead of the g—twenty summit of world leaders in hamburg. with china's president, xijinping already in germany the bbc‘s greg dawson has more. a show of force and are not so su btle a show of force and are not so subtle message to north korea. this is the moment us and south korean troops fired missiles into south korean waters —— north korean waters on wednesday. the pentagon called it an exercise to show precision f

general motors new strategy appears to be paying off.ing sales to rental car companies and instead focusing on more profitable deliveries like pickups and suvs. the company posted second-quarter earnings that beat estimates. it's a milestone for mcdonald's after declining store traffic. the restaurant chain is lauren back customers. they saw an increase in diners last summer and posted same-store sales that beat estimates. among the reasons, all day drinks, all day breakfast, and higher-quality chicken. and bag maker michael kors has agreed to buy luxury shoe 41 $.2 jimmy choo billion. the brand had high fans like the late princess diana and the fictional carrie bradshaw in "sex in the city." deutsche bank is considering moving 300 billion euros from the balance sheet of the u.k. entity to frankfurt, according to a person familiar with the matter who says the --duct caused joining us now for more from london is ed robinson. great to have you with us. give me an idea of the strategy for deutsche bank at the moment, how dependent or indepe

and then at the bottom of the hour we're going to be hearing from general motors.ee how the bottom line was with auto sales. >> softbank has reportedly approached uber about taking a multibillion dollar stake in the company. the japanese company has invested in three ride sharing companies in asia. "the wall street journal" reports talks are preliminary and any deal would likely need to wait for uber to hire a new ceo. the uberreport comes less than a day after softbank teamed up to invest $2 billion in the singapore ride sharing company grab taxi. shares of softbank moved higher by 0.8%. >>> michael kors is buying luxury shoemaker jimmy choo for $1.2 kors will pay roughly $3 per share in cash a 36% premium to jimmy choo price the company announced that it was for sale and this next piece plays into just -- you see the dow is up about 80 points now. now europe is up europe is all up 1%. so i think that's pretty much is across the board but is there any -- >> dupont -- >> earnings are all good when does -- >> are you attributing this to -- >> no, no, no. >> -- sessi

in the ignition switch which killed more than one hundred fifty people in general motors got adeferred prosecution agreement out of it when they should have been criminally prosecuted. so it's it can be turned around we have the ability we need the resources we need the will and we be american people to demand justice because it's. it's just unconscionable to put pete you know to fill our prisons with poor people and let these people get away where do you see that coming from where is that pressure going to come from that pressure is going to calm. them and that's happening all over the country i mean one of the things speaking of west virginia where i'm from and i'm very upset about the fracking issue in sierra club because we could have been like you know i'm going to a celebration where the young grass grassroots people who led the anti fracking movement in maryland and convinced a republican governor to sign it they're going to be celebrating but. west virginia is seen as like a dumping ground and so we all know trans canada is the pipeline company that's putting the pipeli

on monday, a trial is set to begin against general motors.that a faulty ignition switch caused a power failure that led to an accident. general motors has conceded that an earlier version of the switch was defective, but denies any such problem with the newer version at issue in this upcoming trial. the other big event happening this week is of course the federal reserve chair janet yellen‘s testimony to lawmakers on wednesday. this is her semi—annual appearance, where she will be asked questions about the economy and fed policy. no doubt she will certainly be asked about the fed's plan to reduce some of its asset holdings. finally, the week ends with a bit of a bang as some of america's biggest banks will report second—quarter earnings. joining us isjeremy stretch, head of currency strategy at cibc world markets. let's start with talking about the us dollar. it has been given a boost by better—than—expected jobs numbers. indeed. the us labour market continues to generate a large number ofjobs. market continues to generate a large number of j

john: not long ago general motors was. >> a role is talking about breaking of general motors and the today actually went bankrupt how does a monopoly go bankrupt? >> now they say it is google >> there is always of boogie man to have a temporary competitive vantage if you take microsoft able never know for sure unless bill gates writes his memoir but it was pretty soon after his antitrust case he decided i to be the richest man in the world and be hated or i can become a philanthropist and the rebate will love me and certainly negates foundation has done great stuff you can say they did more good making money. >> microsoft has made lives better in many ways and what has it done since bill gates retired? >> now you can be sued for being a monopoly if your prices are too low that is predatory. or if they are too high that is monopolistic or the save as competitors than that is collusion. [laughter] fall all of the above. that is how they want it if all businesses are guilty of anti-competitive practices then you can persecute any time you want i think that is how they like it. john: a r

general motors up all beating estimates.t their highest since march, especially for general motors. one company that was on the downward trend is your modern day electric car stock. that is tesla, down 2.5%. the closinge after bell which was at 1:00 p.m. eastern today. it announced that there were 22,000 cars that were shipped versus 25,000 in the first quarter. not enough battery packs. we will see how shares react to this when we open again on wednesday. about another day -- day in a have to go. haidi: thank you for that. have rescuedks u.s. auto sales again as remy was just touching on a few minutes ago. it is unlikely 2017 will match last year's record. manufacturers still selling expense trucks and sport utility vehicles. that is good news for investors. let's take a deeper look at the numbers. we are managing expectations, but things are looking up. were down 3%.les ford and gm were down 5% each area the market love it. this is counterintuitive because auto stocks have been beaten up of the past five months -- really t

general motors missed estimates, calling 4.7%.ling its organic yogurt brand for $875 million. by sale is required antitrust authorities. walmart is upgrading its beef to angus. the high-quality meat is available at stores across the united states at no additional cost to consumers. the move aims to help the retailer better compete. it last upgraded its beef in 2011. lots of food going on, making me hungry. scarlet: it is around lunchtime. it is time for deep dives. i am looking at the brexit barometer. it has fallen to the lowest level since the day following the referendum. this is a custom index designed to show the impact of the separation process on the u.k. made up of indicators from employment, inflation, growth, and uncertainty. there is plenty of uncertainty now. the lower the number, the weaker the perception of the economy. september of last year, we were at about 51. mid to late april around the time theresa may announced the election, a study decay since then. right now we are at eight. pmi notus -- the latest so great

we will also hearfrom general motors and mcdonald's during the two—day policy meeting.day, we find out how facebook and nintendo are faring, followed by amazon, twitter and starbucks on thursday. we learnt what to expect. there are going to be several 100 american companies reporting this week. as far as corporate earnings are concerned, what has been driving the market up to now has been companies cutting costs, and using those cuts, and not raising wages that much in america. what they do with the extra cash is to purchase their own shares back. when you do that, fewer shares in the market, it means that the profit per share goes up. that is what has been driving the stock market for the last ten yea rs. the stock market for the last ten years. people are now looking at whether these companies can grow their revenues. those that can go sales by mike grow sales will see a benefit, those who can't will not be rewarded as much. are you expecting much from the federal reserve on tuesday? no, i think it is much from the federal reserve on tuesday? no, ithink it is too much

general motors has reclaimed that title. the car industry, for years, companies like toyota we re for years, companies like toyota were concerned that younger people, so called millennial is, would buy fewer ca rs. so called millennial is, would buy fewer cars. but the japanese car giant feels that danger is no longer real, at least in america. michelle fleu ry real, at least in america. michelle fleury has more. further‘s new headquarters in texas. too did the centre, a climbing wall, two stories, doctors offices... it is all would you expect today in a modern campus. from the inside out, toyota is targeting generation y, those born between the early 80s and 905. the those born between the early 805 and 905. the group better known as millennial. there was a belief of years ago the general i was not interested in purchasing cars. that they were interested in ride—sharing and carsharing. —— millenial5. that i5 and carsharing. —— millenial5. that is not necessarily the case today. 90% of toyota's american 5ales is not necessar

alphabet is today, after closing bell we also hear from 3 m, caterpillar, dupont, eli lilly, general motorsmcdonald's, starbucks, chevron, take a breath, exxonmobile. it is obviously chalk full of earnings week. all that coverage this week. a lot on the economic agenda june existing home sales today tomorrow is the s&p 500 schiller home price index and consumer confidence fed begins a two day meeting wednesday. look for new home sales, and fed decision at 2:00 p.m. eastern wednesday. thursday durable goods, jobless claims and friday first look at second quarter gdp and consumer sentiment. a lot on earnings for micro, a lot on data front. >> busy week 180 companies i think reporting. >>> private equity firm making a bid for web m.d. landon dowdy joins us with more. >> good morning. the deal could be worth billions according to reuters, kkr is nearing a cash deal for web md, could be announced as soon as today. it would bring them into the five month auction to be bought. they solicited bids from more than 100 companies and firms since february acquisition would bring brands like medscape and

but i don't think they're going to be too off the mark >> general motors has some very good sedans. the malibu, the chevy impala very highly regarded and very successful but it sounds like the era of the sedan is waning. agree? and not just at gm. >> that's absolutely true. if you look at year to date, cars down 10%. trucks up 6% one of the reasons we like the auto names is they're still truck heavy. i actually, you know, tend to agree that as phil mentioned, there's going to be announcements later this year of more car cuts. maybe reducing while you might keep the cruz and malibu, you may cut certain models and versions and you also may actually relocate production to other parts of the world ford recently announced they're moving the focus to china. and that actually could help >> it trades at a big discount when it comes to its pe. why is that? do you expect that to turn around at this point where do you get growth in this stock? >> absolutely, i do expect it to turn around. if you look at the free cash flow yield, this thing is actually skraz cheap the problem here is you're lo

so now they have partnered with general motors, land rover and waymo.p spot at box office. the film is being talked about as an oscar contender for warner bros., holding more than $15 ,illion and another debutante girls trip from universal. that took $30 million. besides the movies, plenty coming up, we are covering them all on daybreak asia. the boj, after last week, they dug their heels in again and maintained the ultra-loose monetary scam. they are also pushing back on the 2% inflation target, but we will get an update on how the japanese will use that when it comes to the inflation prices. we are not expecting too much fireworks really. take a look at what we are looking at for retail sales. but here we have this chart when 7942,es to inflation, btv and we are well off the 2% inflation target when it comes to core cpi. even if you do the nationwide figure, the yellow is japan, which is the core core cpi which excludes energy or food. you are seeing a turn higher, not what we will need the 2019. so that is key data to watch out for on top of the gdp

and general motors just defied the gloomy numbers and the u.s. auto sector. hey, i'm investigating with magna international. so stick with cramer >> don't miss a second of "mad money. follow @jimcramer at twitter have a question? tweet cramer at #madtweets send jim an e-mail t madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. hey you've gotta see this. cno.n. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were ju

louis has a general motors plant in north st. louis, a big employer. i said we're closing. we're going to move the factory operation only 80 miles to winceville, missouri. we will give -- we offer jobs in any of our factories to anyone who is -- who loses a job in the st. louis factory because of our move, and many people took that offer and relocated to other factories. however in north st. louis today, there is a younger generation growing up and that younger generation might -- leaving high school, might have gone to work in a factory. it can't anymore. so we have a situation where, like ferguson, emerson electric made -- had factories in st. house and -- st. louis and ferguson. part of the tension, think, is that there just weren't well-paid unionized factory jobs for people in the st. louis area to go to. what bothers me is that -- i talked to a number of -- i went to st. louis to do the urban manufacturing because my brother happens to live in st. louis. my mother grew up in st. louis. my grandfather settled there in 1900. i won't get into his business. it's honest. a

louis for example, have a general motors plant those in north st. louis that was a big employment of people in north st. louis. where closing come work on a this factor operation only 80 miles to win seville, missouri. we will give come with our jobs in any of our factories to anyone who loses a job in st. louis factor because of our move. and many people took that offer and relocated to other factories. however, in north st. louis today there is a younger generation growing up and that younger generation might, leaving high school, mitochondria worked in a factory. it can't anymore so we have a situation like ferguson, emerson electric had factories in st. louis and near ferguson that had headquarters campus in ferguson but it doesn't factories. part of the tension i think is that there just weren't well-paid unionized factory jobs for people in the st. louis area to go to. what bothers me is that, and i talked to a number, i went to st. louis to do the urban manufacturing because my blood brother happens to live in st. louis. my mother grew up in

guest: this is an interest in development to goes directly to how russia's general motors tend to work -- general motives tend to work. the obama administration expelled about 35 diplomats they accused of engaging in spying in the united states. a closed down the russian properties in the d.c. area that were used allegedly, according to the obama administration, to carry out spying activities. the russian government at the time did not retaliate. the russian president, president putin specifically said we will take no actions. i think the desire and the hope was that relations would normalize and stabilize under the new administration. we have not quite seen that come to fruition yet, but i think now the russians are realizing that maybe there hopes were set a little too high. maybe they were are not going to get what they were looking for from our president and his administration. now the are thinking we are not going to get what we thought we would get so why should we continue to play nice? weekend expel u.s. diplomats, close down u.s. properties as well. host: henry from new york c

general motors is building three chevrolet suvs. they were chosen because they fit the vatican. they will provide a glass cover so people can see the pontiff. 360air that can rotate degrees and since the pope will be standing most of the time, the floors will be ergonomic in stark contract to pope benedict who drove around in a mercedes-benz. donning a sombrero in mexico. host: i was about to ask you if a those stores will be glass. a chinese startup learned of the old adage when it rains, it pours. >> a bit of a sad story. a company that launched in april, a set up, announcer: this is a production of china central television america. mike: "awesosome" is an adjectie used to describe everything from the latest trending youtube video to life-changing moments, but some ideas are simply just, well, awesome. this w week onon "full frame," e awesome episode. i'm m mike walter coming to you from the heart of new york city's vibrant times square. let's take it "full frame."

fleet penetration is much higher than what general motors is. inventory levels are more manageable than where gm is. ands retooling factories inventory to prepare for downtime. ford was through that when they redesign the f-150 in aluminum. ford is in a better position for supply versus demand. where the risks lie for ford is north of america, exposure to the european market, south american market, where gm is starting to pull back from those regions. yvonne: kevin come i want to talk about the news from germany. allegations that daimler, bmw, and of have allegedly colluded when it comes to technology. do we know that magnitude of this scandal yet, if in fact these allegations are true? kevin: the fine can be as high as 10% of global revenue, which for a company like volkswagen, is significant. been some rules that say, if you come forward with these things and provide evidence for the investigation, they are more lenient on it. if volkswagen is the company that tipped off the e.u., there may be a lower fine. companies, with some air-conditionin

both ford and general motors said sales fell 5%. u.s.nue to purchase suvs and trucks shunning cars. toyota, honda and nissan reported sales increases. microsoft is ready to announce thousands of layoffs as early as tomorrow. the world wide sales force comes as microsoft plans on selling its cloud software. microsoft reportedly unveiled the reorganization steps in an e-mail yesterday. jiet . >>> it's summer. protecting your skin is important but for some, sunscreen is not the answer. the potential for a more natural solution. >> reporter: slathering on sunscreen is an essential step of summer but its ingredients aren't for everyone. >> a lot of it gives me rashes. >> reporter: researchers say they found a natural alternative to synthetic sunscreen. a tie gnu type of algae that live in the sea and protect themselves from dangerous sun rays. >> they do this by producing a very high compound and they scream at the harsh conditions of the sun, the ultra vielith let rays. >> reporter: her team at the university grew the light in a lab. they we

the markets also get a flood or earnings today from the likes of three of dupont, general motors and mcdonald's. dow slipping yesterday. the nasdaq rose 23 to 64 46410 another record high. >> thanks, talk to you tomorrow. >>> 5:25. sky high rescue. the story behind these officer's early morning climb up the ben franklin bridge. >>> and can't wait to hear what you think about this story. micro chipping employees. the company says it's implanting a chip in its workers and it's for their own benefit. >>> 67 degrees right now. still have some lingering clouds. we will see a bit of sunshine today. get a break from the heat and the storms. right now, mostly cloudy over center city. 67 degrees as 5:26. first alert forecast just ahead. >>> risky rescue. the story bind the high save. >>> water main roads. how it's impacting your morning commute and what you need to know to get around it. >>> day of reckoning. key vote in the health care showdown. is there enough support to start a long awaited debate. >>> a lot to get to. 5:30. welcome to nbc 10 today. i'm tracey davidson. >> i'm vai sikahema

in the banking crisis, we did nationalize general motors, chrysler, the biggest insurance aig in the world and it had we wanted to do it, the nationalization of several other banks. we are not at the end of the crisis at the national level. if you begin to see the model i am sketching to you and i speak as a historian, someone interested in politics, there are elements and fragments of what look like the possibility of a next system that doesn't look like corporate capitalism and doesn't look like state socialism and is radically decentralized and begins in community decentralization, but a visualization of what might be commanding because it has so much buildup in the ground up. i use the word might carefully. it might dk. we shall see. we are seeing beginning activity to put this into politics, politicians are beginning to run on this or think it is important to be the mayor who does this. rochester, minnesota, for instance, looking at the cleveland model, a wonderful wonderful mayor whose name is lovely warren. i love that name, has picked up this model and is doing a cleveland st

if you are here today visiting in washington and you work for toyota or ford or general motors or any big american company, any big corporation in our country, if you work for them, my guess is you're not worried about your wife getting sick and they fire you from your job or raise your rates. what happens when you have group insurance is if your family member gets sick, you don't lose your job, your insurance rates really don't change and you continue on with your life. you still have the tragedy to deal with of someone in your family being sick, but if you have group insurance, it seems to work in our country. so what you're talking about is the individual insurance market. we're talking about the plumber, the pesk control guy, the carpenter, the welder, the farmer, the people who are in a small business. either they have a few employees or it's just them. that's what we are talking about. it is horribly broken. i don't wish it on any american. i wish no american had to buy any insurance in the individual market. in fact, what i am proposing would so disrupt the individual market th

it says something about the gang of general motors and ford when alphabet can threaten them by saying fly me to the moon ♪ and let me play (bell ringing) (audience cheering) stuart: amazon stories for you. several of them. first up, blue apron gets amazonnized. amazonned. there you go. amazon has talk of launching a rival service to blue apron. look at it go down 9%. avis -- teams up with alexa. can rent a car through the echo, amazon related story. there is report that amazon so working on new messaging app. called anytime. three amazon stories. there is always one every day. now there is three. >>> apple shares leading the dow after morgan stanley raised its price target on the stock to $182 a share. now the stock has just hit 150. >>> our next guest says generation z, which includes people born from the mid 90s to 2010, much more conservative than millenials. keystone college professor jeff bauer says this, politically generation z, is liberal, moderate with social issues like support for marriage equality and civil rights and moderate conservative with fiscal and security issues.

general motors of a canadian deal, they had a preassembled deal. what it amounted to was they allowed canada, they couldn't car into the united states completely assembled, so ade an exception, when you get it across the border, you put the air cleaner on it. washington, like i say, i'm 79 years old, anything lifetime, ned in my they're responsible, they have screw third degree country up big time. lawyers to doch of something is like herding cats, run them out of town and not let is where back, this the problem is. thank you. host: thanks for calling. any thoughts? guest: other than auto assembly, assembled, being which part consist cross the border from mexico to the u.s. contained g that is in rules of origin section of afta, something the trump administration needs to address to make more content more u.s. required under the agreement. the trump administration talked this trade policy. the problem is in today's congress, and today's economy, only a limited amount they can do. there is a world trade economics of the free trade, companies have be

general motors says it's going to manufacture fewer cars in the us due to a build—up of stock on itsr in the united states reported a 14% drop in profits in the last three months. let's get more with michelle fleury who joins us from new york. some of this news was expected. we are seeing american car sales coming offa are seeing american car sales coming off a record high in 2016, so people had expected that perhaps 2017 might not be as strong. this is a continuation of that trend. the company had to take a write—down on several of its other deals. you may recall it sold off some of its assets in europe. all of this as it tries to become more focused and shift its strategy on to more fast—growing markets such as india and china. the announcement by gm saying they will build fewer cars in the us will be up setback for president trump's plans for more americanjobs. president trump's plans for more american jobs. donald trump give an interview to the wall streetjournal in which he said he had heard from the chief executive of apple saying the chief executive of apple saying the company

have to pay for their directly for their employees health care and i remember a few years ago, general motors said their health care payments were the largest single component of the cost of a car. saying thisgain are is a really sustainable, particularly when we are competing worldwide. numbers. run the i know there is one report that said if you went to medicare for everyone it would add $32 trillion to the cost of governmental expenses over 10 years, but that is basically taking all the money spent in the private sector and transferring it into the government, so i'm not sure systemwide whether there is an opportunity to save money. >> we have a minute left. let me ask you this, you return home for august break with an electorate out there. what you think you'll find? >> what i find on a weekly basis when i go home is an incredible amount of angst. this administration has traumatized a lot of the country and they fear for the future of our government. they fear -- they are concerned about the cost and status in the world. they are just barraged by these many scandals and crises that occur

repeated many of the campaign promises he made before he became president, reaffirming his fans on general motorss loving it. he has taught about his appointments in the supreme court, pulling out of the paris climate agreement, listing his accomplishments. the healthcare victory, in his eyes today, he said that was won without a single democrat support. he said it is time for the democrats to stop resisting his administration. he has said that congress has only had our deals in terms of healthcare. we have really seen the crowd here supporting president trump, even amidst the criticism for some of the other... the fact that it is six months into his administration and he has not seen a legislative wing. president trump really working the crowd. live from the rally where president trump is currently speaking. and head to our website for the latest developments from president trump's white house as the us house of representatives considers imposing fresh sanctions on russia. also this hour, the two main rival leaders in libya have reached a joint agreement to try to bring stability to their countr

the likes of 3m, dumont, general motors and mcdonald's, to 21,513.he nasdaq rose 23 to 6410, that's another record high. >>> facebook has bought a startup company to help it crack down on users who share pirated video and other content without permission. facebook has had a lot of issues with pirated content in the past and it's been two since years it first announced to identify and remove video clips shared by people who don't have the rights. earlier this year facebook added another option for content creators, leave it out and make money pirate users are making for you. >>> michael kors is buying jimmy chao, of course known for its heels and accessories. michael kors was a big name in luxury but sales have struggled as fewer people are visiting the stores, sam and laura. back to you. >> interesting it would be michael kors which has become more affordable in the price range over the years. thank you, landon. >> new this morning the national archives has released hundreds of new documents about the jfk assassinati assassination. monday the agency

that don't have to pay directly for their employees health care and i remember a few years ago, general motors said their health care payments were the largest single component of the cost of a car. businesses again are saying this really is not sustainable anymore particularly when we are , competing worldwide. i haven't run the numbers. i know there is one report that said if you went to medicare for everyone it would add $32 trillion to the cost of governmental expenses over 10 years, but that is basically taking all the money spent in the private sector and transferring it into the government, so i'm not sure systemwide whether there is an not an opportunity to save money. susan: we have a minute left. let me ask you this, you return home for august break, what he going to find them of your citizens? rep. yarmouth: what i find on a weekly basis when i go home is an incredible amount of angst. this administration has traumatized a lot of the country and they fear for the future of our government. they fear -- they are concerned about our loss of stature in the world and abdication of her le

general motors has put six of its cars under review and is evaluating whether to cancel them outrighte coming years. they include the chevy volt and rethink why automakers comes as consumers continue to demand suvs and pickups over sedans. >>> and speaking of cars, gas prices are inching up. the latest industry survey shows the average price of regular unleaded rose a penny over the past two weeks to $2.32 a gallon. and that comes after 11 straight weeks of declines. gas prices are about ten cents above where they were a year ago, philip. back to you. >> cnbc's landon dowdy, thank you. >>> straight ahead, a new film released overnight features the rock and a very unexpected co-star. >>> plus, he may be the most decorated olympian. but michael fell phelps finally his match. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis... ...f

administration is that they speak in a belligerent manner and then we hear the secretary of defence, general motorsonald trump knows that really the rhetoric is not going to get him very much. —— mattis. whereas mattis knows that a massive escalation is in nobody‘s interest. there are options for additional sanctions, but that requires cooperation from china, and the rhetoric that the trump administration has been using with china has been mixed. so the meeting that donald trump will have with resident xijinping is going to be a significant one, potentially. 0f course, that is in a mix of a spectrum of other issues, because the protesting outside of the g20 summit is actually that is symptomatic of a tussle that is going to be happening inside the summit itself. the spectrum of issues that we are talking about here, we're talking about security, trade, climate... all of these things, and refugees. these are things, and refugees. these are things with which the united states under donald trump is not in agreement with europe, and on many of those issues, he is not in agreement with china or russia.

there was a corporate espionage scandal accused of stealing secrets from general motors. there was a scandal where the head of personnel was found to have been supplying prostitutes to labor leaders to keep them happy, and he himself was somebody who didn't live by the same rules as most of the rest of us. just give you a little anecdote of his life, at one point he started having an affair with his cousin's wife, had two children with her and at the same time, two children with another woman and her 12 children total during his lifetime. he wrote about all of this in his autobiography. it's not something he was ashamed of if anything he was proud of it. so after these scandals, there was never really any reform. but at a healthy company, went something like this happens, you should reform the compliance and look at your code of conduct. you should think about ways that you can prevent this kind of thing from happening in the future. and that didn't happen at volkswagen. so, around the mid-20s euros euros, volkswagen -- there was one thing that they never managed to do an

it's now fallen back below general motors at just under $52 billion. but, again, guys, these shares are in bear market territory >> i was going to ask you how they have done in past crash tests, but how do we -- you just told us there with that. >> two separate tests. >> how can it lead to two different tests here >> reporter: two different tests in terms what have they do the federal government does a -- this is not the federal government one that is the iihs the federal government does a full straight-on the front of the vehicle. they do not do the small overlap, and the insurance institute says, look, in our opinion, if you want to call yourself the safest vehicle in the world, that would be getting a five-star rating which tesla model s does get from the federal government and getting the highest possible rating, you know, that it could, good rating, from the insurance institute. that's the response from the insurance institute. the response from tesla is nhtsa gives us a five-star rating. the model s is the only suv to ever get a five-star rate an

investment in lyft general motors investment in maven, and so forth., that is where the value is going to be captured. but the sort of branded automobi automobile, oh, wow i have a bmw and you only have a chevrolet that is absolutely going to go away >> bob it's a much longer conversation and i want to have it with you. because i did not appreciate that you think that gm is on the same page as or even more advanced in some cases from the others but we want to have you come in at some point. >> okay, great >> thank you, sir. >> great too see you >> what are you mad at him you didn't appreciate that >> no, i'm not mad -- >> or you didn't understand. >> i'm saying i didn't -- >> coming up the telecom -- >> appreciate that the telecom sector's been hit -- >> on twitter disagreeith m whi already i'm sure >> he's a big gm >>> telecom is down more than 15% year-to-date compared to the over all s&p which is up nearly 10% and it's the worst performing sector in the past week this month this quarter this six months this twelve months, and year to date why, peopl