he worked for general motors. he was sort of a boy wonder in the early 1960's for general motors.he was hitting cars out of the ballpark in a lot of ways. he was achieving success after success. for example, he was one of the champions of the pontiac gto muscle car. this is him accepting a motor trend award for the gto. -- the pontiac gto. this was another of his cars he championed later in the 1960's, the pontiac firebird. these were very successful automobiles. he was on the fast track at general motors. people thought he was being groomed to eventually be ceo of general motors. he felt straitjacketed at general motors. he did not like the corporate culture there, he thought it was restrictive and conservative. he was sort of a partier, he did not like dressing in suits, wore his hair longer and dated models. he thought the buttoned up culture at general motors was reflected in the automobile styling of general motors cars, which he thought was a stodgy. he quit in 1973, and when he quit, he said general motors is not making the kind of cars that interest the public and he vowed

and general motors said general motors has a strict zero tolerance policy against the use of child labor abusive treatment of employees or corrupt business practice in the supply of goods and services to general motors the company's contracts require that its supply represents that neither it nor any of its subcontractors will utilize child slave prisoner or any other form of forced or involuntary labor we learned in two thousand and six that a direct supplier of general motors may have been using materials purchased from an empty at that time we investigated immediately and took appropriate steps will cool promised the statements but did not provide one. in washington that was it but it. was a part of it is askew. don't play acting my school just sawyer home pretty soon so i'm going to put us in prison apart wanted to kill us the money. yes they shouted. it was all the more what was so enormous that. the settlement of that was going to be our disappeared. so only bare bones. made the flow less than one if you could talk to a family about to buy a car in the united states for japan or ge

david: we will be talking to the president of general motors about this. we will find out, but one of the things the last time she said was that they are starting with with kroos automation people that can be taken to the office with autonomous buses. it would necessarily be at the beginning, we will ask him. >> i also wondered at what point we begin to talk about gm as a tech company. we talked about tesla as a car company and the opposite seems to be true for gm, which seems to be a good thing. barra so that they were hiring from silicon valley. well, in the next hour they will the weed andith chief investment strategist as the markets are pretty call him, headed to jobs friday. this is bloomberg. ♪ >> i think that that is ridiculous. i don't think we are facing an existential threat at all. alix: that's ridiculous, james gorman says to george soros, saying that an eu breakup is unrealistic. a big vote of confidence, soft rank makes a 2.2 $5 billion investment in the kroos automation of self driving car units and gm critics commercialization in 2019. hel

and then, although you had a scholarship from general motors, you were not required to go work at general but you felt you should? ginni: yeah. this is -- these are -- some schools and these were wonderful programs from companies in that day and age. this was an effort to get women and minorities into businesses. and at that time, general motors had a program which was they went to some of what were the best schools and said, gee, if i can get you -- the deal was i will pay your tuition, your room and board, everything. and someone going to school themselves, a professor said to me, hey, you ought to look at this program. and in return, work there in the summers. otherwise, no strings attached. so i had a wonderful set of internships with them. themselves, a professor said to me, hey, you ought to look at this program. and then when i graduated, i did feel a sense, a real sense of obligation to first go to gm. i had a lot of other offers, but to go to gm. i was a computer science and engineering degree. david: were there a lot of women taking those courses in those days at northwestern? g

general motors david, softbank. >> and i know, we have to get to that first let's get to eamon javersee if he can make sense of any news we may get. eamon, what do you know and what can we expect out of your part of the world >> good morning. we're monitoring a conference call for 9:00 a.m. and they just picked up the phone on the conference call. the content of the call will be embargoed for the plan until the end of the call and i can tell you as soon as that is complete we can bring you up to speed on what we know whafs told this morning is it is 99.9% likely that the president will, in fact, impose those tariffs on canada, mexico and the eu in terms of steel and aluminum, that the announcement was likely scheduled for this morning and that the united states expects the eu will retaliate for its actions today. what we don't have is official word from the white house and that's what we're waiting on as of right now you know there's intense debate behind the scenes inside the white house about whether or not this is a good idea. we'll wait and see whether the president himself makes

and soft bank, let's bring in dan ammann from tenl general motors headquarters. ain this, general -- from general motors they are making a 1.1 million into gm cruise this is about the funding necessary of cruise automation, correct? >> yeah, that's absolutely right, phil. i think it's a big recognition of the validation of progress we've made to get to this point. i think it also is a big recognition of the opportunity that lays ahead. we looking to commercialize this technology and sales will require capital to do that this is a new source of capital for us as we look to grow this business and realize what we think is a very large business around autonomous technology >> are you still on stooul schedule you said you would like to see the commercial launch next year or is there a possibly when it comes to autonomous drives this may get pushed back to 2020 or 2021 >> we said last year, phil, you were there, based on the rate of progress we were making we see a path to commercialization in 2019, we continued to make a lot of progress since then >> that continues to

it moves lower while both fiat chrysler and general motors moved substantially higher why? one reason is the perception amongst investors that ford is just not at the same level of progress in terms of autonomous vehicles as general motors, nor does it have a partnership with a leader like waymo, so as a result when people look at ford, even though they are investing heavily in mobility, they are not seeing the level of excitement and perhaps a path to profitability when it comes to mobility that they think they see with both general motors and fiat chrysler. >> phil, we also saw tesla trade lower by about 2.5% a session. is that related to this, do you think, or is it just idiosyncratic to tesla >> reporter: no, i think it's idiosyncratic. i think that's a stock that moves for a variety of reasons, up 2%, down 2%, any yuf reasonu reasons. it could be people involved in crashes in tesla vehicles, even though we've seen no additional investigations it's one of those stocks, melissa, we see this on a regular basis, up 2, down 2, not a surprise. >> phil, thank you phil lebeau

and the leader of general motors. he is vastly wealthy and delete in all senses of the word, he supported robert taft throughout. he was anxious about eisenhower, because general motors had done a very particular kind of corporate structuring where, ,ather than exporting products they bought companies all over the world and allowed those germany, or england, or australia, or canada, or pretty much any major country in the world, to manufacture cars for that whole market. they had a very different take than what was good or bad for general motors in terms of international, economic policy. they gambled on a non-investment oriented approach to an export. to theally gets down particular jesus rather than some sort of abstract ideology particulars,- rather than some sort of abstract ideology of elites. chris nichols said the way to understand america, but here you are telling us, there is a fragment of the elites, a very significant one, that constitutes sort of a poor element of the america first element, or a -- core of

they exported cars in the one hundred seventy eight thousand cars to china last year general motors for eggs for instance they hardly export anything the cars that they sell in china they produce them in china so they are not part of those tariffs anyhow and also the number of cars that ford is exporting to china is not that much so the big beneficial risk could be companies like b.m.w. or. so that is funny so that this kind of approach from china might help the competition to u.s. carmakers more than the u.s. carmakers themselves ok not outcome there but an interesting one for sure young's quarter on wall street thank you very much for that. could a novice speed the next prime minister of italy whipping the italian economy into shape is a big ask what political party the five star movement has nominated little known law professor just said picante despite his lack of political experience and he'd have his hands full italy is deep in the red with national debt of over two trillion euros that's a quarter of all eurozone debt. markets are already making its lead pay more to borrow money e

general motors up nearly 10%.e marketplace shipped, they will launch same-day delivery service in illinois, ohio, wisconsin and michigan. target down 20 cents. price of oil this morning i believe it's way down, last time i checked it is still way down, down about a buck at 67 and the price of gasoline stopped rising, it's actually fallen a fraction in the last three days. good, indeed. 295 is national average and there are now 16 states plus the district of colombia where the average price per gallon is $3 or more. okay, fiat chrysler, this is a fascinating story. they are looking to expand jeep and shrink fiat. liz that seems to me they are getting rid of small cars. liz: yeah, they are, they will go big-ole luxurious, jeep is 7% of profit, ford got rid of small cars in north america. you wonder when gm was going to follow. sergio is retiring, this is exit plan and watch whether or not he talks about merging with another car company because that's on the radar screen as well. stuart: okay. just getting rid of sma

tech shares edged higher, and an investment from softbank and general motors on a record rally. for all of this, our reporter is here. let's start with the trade concerns, those trade frustrations. reporter: there is a real concern about the tit-for-tat, that trumps actions will cause repercussions in multinational companies. you take a look at the snapshot. the s&p 500 is down for the fourth time in five days. this trade war is weighing heavily. bullsis a lot of gold with this demand. also the russell 2000 has fallen off its record. let's go to the multinationals. important to point out that companies like kimberly-clark sell to all kinds of countries. they get about half of their revenue from abroad. throttle and gamble, clorox sells its products all over the world. we did see some positive throughout the market. general motors on its biggest one-day gain ever, getting a big infusion from softbank. -- weo saw other stocks have another chart of stocks here. again, there were a number of stocks that moved higher. let's take a look at this chart. are.s where our charts this is an

dan nicholson, general motors on behalf of the united states council for automotive research. you're recognized for five minutes. >> chairman walden, chairman shimkus, ranking member sculoan and tonko and member of the committee, i'm dan nicholson, vice president of propulsion systems for general motors can't. i'm here today representing general motors, a member of -- i appreciate the committee's invitation to appear before you to discuss the importance of increased octane in gasoline. as you know, the automotive industry is changing at an unprecedented pace. this requires all stakeholders to be better coordinated and develop implementation strategies together. as the committee explores options such as changes to u.s. fuel standards that may include higher octane gasoline, it's necessary that the industries involved in this opportunity work more closely together in order to insure that consumers benefit and our industries remain strong. we believe increasing the minimum octane level in u.s. gasoline for new vehicles will be a win for all industries and, most importantly, consu

the account you will get in the exhibit called america on the move which you will find in the general motors hall of transportation in the national museum of american history which they paid $10 million to name after them out of generosity at least but perhaps some self interest as well. how did that happen? i'm going to give you a highly simple reason, but i think the questions will stand up when it gets to the level of detail i don't have time to get into, if i offer you this abbreviated account, the first obstacle to automobile predominance in american cities was the notion that people belong in streets as they did, and automobiles don't as they did not, and that was the general consensus view of ordinary americans, for example, expressed in letters to the editor in newspapers which were quite vocal about this, but judges, jury, police officers, and even transportation experts. they were also unanimous that the automobile is the wrong way to get around a city and in fact the single most predictable recommendation of traffic engineers in the 1920s was to forbid curb parking, well then it's

foundation, by then funded entirely by the automobile manufacturers association, predominantly general motors. they organized and are quite explicit, we have to redefine city streets as places predominantly for automobiles. we do that by redefining safety as keeping people off of the street, and we redefine safety also as making what they were then pleased to call "foolproof" highways, without grave crossings, median strips or shoulders, so you would not have collisions. they promised it would eliminate 98% of collisions. it never got there because they introduced new hazards having to do with things like speed and rear end collisions, for example. and they became the basis for the highway transportation engineering discipline, which promised to free us from the affliction -- that by the 70's was causing us -- more than 50,000 fatalities per year, traffic fatalities through highway engineering alone. we have learned the hard way that that was clearly not enough. we have since introduced, sometimes against objections from the automobile industry, ways to reduce those numbers. but as long as we

. >> general motors. [indiscernible] [indiscernible] [indiscernible] brian smith.s.hank you for having jim hackett, ford motor company. >> we know you well. president trump: these are the biggest in the world. we want them to build more cars in the united states. build them here and also ship them overseas. we are doing a reverse act. we see it happening. a lot of it has to do with the tax cuts. the taxes, the cuts people have been given. we have other incentives coming. we appreciate you all being here. thank you very much. you haveesident -- do confidence in -- >> i do. thank you very much. thank you, everybody. >> are you concerned nafta may adversely affect -- >> i have never been a nafta fan. it has been a terrible deal for the united states. one of the worst made deals in history. we have some bad deals in this country, between the iran deal, nafta, bad deals. now we are going to good deals. we are renegotiating out and we will see what happens. mexico and canada have -- look, they do not like to lose the golden goose, but i am representing the united states.

about half of the damage spear coles were produced in opal factories which is along two american general motors until nine hundred fifty. a.c.c. movida so will. first be must. be it's. scheft. even if indians to salmon hang steve. only. fame is the fear that i have. been the creek. piece the scene he said beach up to facts to. after the war ended number of third reich real criminals who were employed by the us from a nazi generals responsible for the extermination of millions became nato general the cia hired thousands of s.s. offices and scientists there's a reason why operation paperclip was launched right after world war two brought sixteen hundred nazi scientists to the us. you know and those people were incorporated into the n.s.a. and those people were. you know were used for the manhattan project and used for all kinds of nefarious things and some of these people so you know it's basically the idea that we defeated fascism is is as false what we did is we sort of merged into fascism and took it over and you know so that's really where it's at and i the reason the again young people are c

you mentioned general motors. it had its biggest one-day rally since the bailout. up almost 13%. snap was up almost 7%. a big shortselling analyst said the shorts were overdone and the company might get acquired. that turned things around. also the fears. on an, on -- micron, bullish run, some are saying is pulling away. snapping back is what this chart is called. gtv is where you can find bloomberg's library of charts. this hit a high in february. it has come back to where it was two days ago. we had a rebound yesterday in the last session. in the thursday session we are down again. friday it will be interesting to see how we end the week. yvonne: it was not a rush to safety so to speak, it is not like they were rushing to sell indiscriminately. sanctions have been the roughest u.s. action yet. america's closest allies claim tit-for-tat tariffs on goods. on threats tod impose steel and aluminum duties. is his biggest action yet. , greg sullivan. thank you for joining us. we heard the responses from mexico and canada. how severe is the backlash? we have seen all the recipients of

general motors has changed and they produce them in china. things has changed since the 1980's. >> this has a political feel to it. we have midterms coming up. president trump not popular among women voters. he needs support. his base is the midwest. and the agricultural sector. the negotiations with china lately seems to want to benefit that group. beneficial to china and the luxury carmakers, which we don't have. alix: i want to go back to the 1980's where i wore my hair like this. david: can we put a picture of? vince, how do you understand what we are seeing in the dollar? it is a -- is it pause or a rollover? the trade has been exiting the em. they thought, let's get into the high yields. good growth and exports. trade tensions caused that to come off and everyone went into the dollar because that was the contrary side of the trade. trade tensions seem to be used and everyone is getting back to em and dollar is being sold off. what we are seeing from trade negotiations is some substance. eventually it will come out that this is not such

. >>> let's talk now about general motors, that stock is on pace for its best daily ever. back to the ipo in 2010 on news that soft news vision fund is investing $2 billion into gm's autonomous vehicle give me the skinny on this, big day for that stock and portfolio? >> yeah, you don't usually see gm up 10%. what this is saying, look, there's a private party on the autonomous vehicle here. stock is up. and that would tell you that the market thought the autonomous vehicle was worth 5 or $6 billion. frankly, i think the market is valuing it around 2 or 3 billion. by the way, not to steal any thunder from you, pete, stock still trades at six times their earning, unless you see a reduction in the next six months, i don't. >> do you wish that i sit next to you today >> he's begging -- >> will he ever say he wished steve weiss -- >> the answer is, he's sitting next to me >> i hope he's watching and heard that comment we talked about the international story with gm as well this is an interesting thing it actually shows the valuation that you're talking about. everybody liked to

in laurencetown, ohio, general motors announced that they would lay off workers. they saved millions of dollars. the money department go to ohio or workers or investment in communities, it went to the executives in higher -- and higher compensation. right before the tax breaks the five top earners at general motors brought home more money. that is before the taxes are raised on you in the middle class and working families and the tax breaks go to the richest people. we saw it with the tax bill and the rollback of protections for consumers. it is easier for pay-day lenders to deny customers their day in court. we see it in health care legislation when members of this body, well-paid united states senators, well-paid get good benefits, good health care coverage were willing to vote time and again to take that health care coverage away from consumers. in ohio alone 500,000 people right -- over the course of the last few years have gotten opioid treatment for their addiction because they have insurance under the affordable care act. these members of the senate have tr

the account you will get in the exhibit called america on the move, which we will find in the general motors hall of transportation, which they named after them, out of possible generosity or self-interest. i will give you a highly simplified, and for that reason, it could certainly be questioned, but i think the questions will stand up when it gets to the level of detail that i don't have time to get into. if i offer you this abbreviated account, the first obstacle to automobile predominance in american cities was the notion that people belonged in streets, as they did, and automobiles did not, as they did not. and that was the general consensus view of ordinary americans, as expressed in letters to the editor of newspapers, which were quite vocal about this, but also judges, juries, police officers, and even transportation experts. the first generation of traffic engineers in this country that dealt with street traffic, as opposed to real traffic, were also unanimous that the automobile is the wrong way to get around a city, and in fact, the single most predictable recommendation of traffi

no one is winning the game playing ford long-term or general motors. that's dead on arrival. >> how do you think about -- we were just talking about interest rates and let's talk about the 30-year mortgage. when you think about this last leg of the s&p 500 that started the beginning of 2014 after the temper tantrum. we had the 30-year mortgage rate go from 450 to 350. how much do you think that was, you know -- how correlated are these stororts of things >> equally correlated. it really gets down to has the market and valuations -- is it all sort of propped up based on easy money policies? are we really -- i don't think the market can handle 350. normalized interest rates, the stock market in principal is not able to handle that. >> carter, thank you. what did you do today or what do you think of carter's analysis >> i love carter's analysis. go back to july 2015, traded up to 37.5 and failed. go to last year, that's where it exploded off of 37.5. what's the point looks like we'll trade down there. risk/reward in the xhb sets up decently on the long si

and kelly general motors has been shifting to suvs and away from cars. >> but if the pendulum switches back and ford needs to start making these decisions again, how quickly could they retool? >> it's going to take a while. and we would have to see a huge spike in gas prices, up to $5, $6 a gallon that ford would say, okay, we've got to bring this back they have ways of importing cars whether it's out of production in mexico or asia or other locations. but primarily they want to build trucks and suvs here in the u.s. >> is turning away from cars a good move from ford? rebecca is an analyst and joins us now same question to you what happens if those gasoline prices do spike again? consumer behavior changes and suddenly people want cars. is this a good strategy for ford >> you know what, kelly, it actually is a good strategy for ford what my research has shown is even when gas prices spike up, consumers change their buying behavior for about three months and then they go back to buying the vehicles that they really want and what i like about ford's strategy here is that it's not that for

about half of the damage spirituals will produce to total factories which is along two american general motors. until nine hundred forty. s. the movie does so with. steve must. be a chapter. even if to some in which the. only. fame is the fear that i. can eke. give up little beast the scene is he said v.h.f. ticket fax to. after the war ended huge number of third reich real criminals were employed by the us from a nazi generals responsible for the extermination of millions became nato general the cia hired thousands of s.s. offices and scientists there's a reason why operation paperclip was launched right after world war two brought sixteen hundred nazi scientists to the us. you know and those people were incorporated into the n.s.a. and those people were. you know were used for the manhattan project and used for all kinds of nefarious things and some of these people so you know it's basically the idea that we defeated fascism is is is false what we did is we sort of merged into fascism and took it over and you know so that's really where it's at and i the reason you know again young people ar

general motors partly exports anything. the cars they sell in china, they produce them in china.they are not part of the terrorists anyhow. the number of cars that ford is exported to china is not that much. the big beneficiaries could be companies like bmw or mercedes. this kind of approach from china might help the competition to u.s. carmakers more than the u.s. carmakers themselves. daniel: odd but interesting outcome, there. jens korte, thanking her much. a little over a month before the next election, turkey's president rest of thai have erdogan is trying to create image of a country with a strong economy. at first glance he is right. but inflation is way above target and the manager charged is dead against rating interest rates. going off script like that is not what foreign investors want to hear. reporter: many young people in turkey cannot find a job. a sure sign the boom years are over. one in five in that age group is now jobless. the country's economy has taken several hits in recent years. more and more foreign capitals leaving turkey. an emerging -- those factors h

reporting, china is an important market for american automakers andhe that ed lift the shares of general motors, ford, and fiat chrysler in sstoday's n. >> also in washington, the house this evening passed a measure that some call the largest roll back of wall street regulations since theinancial crisis. the legislation is designed to ease restriction on small and medium sized lenders. the senate has already passed this bill so it is entirelyib po it could be signed into law as early as this week. >>> so what impact might that legislation have on the regional banks? joining us to offer his insight is ed groshans,lt the h markets senior analystbanker. do you expect this roll back to basically lift all boats in the al banking sector? >> i certainly do. i think this is a big benefit for all the banks in that 50 t billio $250 billion range. a lot of these heavy regulations that were made for global international banks will be dialed back and give management teams more freedom to handle their capital allocations. >> so the restrictions -- these are coming out of dodd-frank. you feel that perhaps the

here is the president of general motors talking about where they see this deal setting up the companyo forward >> based on rate of progress we're making that we see a path to commercialization in 2019, comet to make a lot of progress since then that continues to be our objective, but importantly, ultimate decision to launch the technology fully driverless is dated by safety. we have to hit the right levels of safety performance, and when we do that, we are ready to go >> reporter: and, again, they are targeting 2019 gm moved high eer because wall street says, okay, there's the valuation on the cruise automation of the business, and everk evercorp. moved them up, one piece of the news involving autonomous drive vehicles, and the other is fiat-chrysler and waymo. they have been working together for a long time, vans that waymo modified, but they took at 6 62,000 vans, modify them and eventually be part of the fleet that waymo implements starts later this year as part of the autonomous ride share program. they start first in phoenix and move to the bay area, and, kelly, tomorrow, fiat ch

are good formations healthy vessel fans to carry me but i led by academy principal lieutenant general. motors to get the cheering the war fifty seven academy graduates who were awarded the title of hero of the soviet union with you today b.k. to meet produces with you here defense specialists for different. branches of the armed forces people that would be in the heat and i think it will be a. better deal than most of them but they are followed by the parade of formation of the military look just sticks academy rule led by its principal lieutenant general that you could get on the top of them and beat you up with plays night here with you eating the good of the putting you in the academy produces top notes or a logistics but specialists capable off performing barry's military and humanitarian missions. mean with very little but what you will joining the parade is the ship called ski and get out an air force academy representing the russian aerospace forces in the lead by the academy principal lieutenant general look at you not eat zebra all week that. was there but i feel that you can get imm

and the markets and your bottom line that is straight ahead plus, the race for driverless cars, general motors up on softbank's big investments in autonomous vehicles, and waymo teaming up with fiat chrysler. >>> and shares of this biotech company surging 135% 13 135% we'll reveal the name as "power lunch" starts right now. >> no such thing as a free lunch. i'm sara eisen, we are seeing fallout from trump's aid the tariffs, as long as sliding on this final trading day of the month. still, the old saying sell in may didn't pan out stock market on track to post its biggest monthly gain since january. there are some movers, the etf attracts the steel sector, slx moving higher on pace for a second straight positive day shares of u.s. steel leading the way but the etf that tracks mexico, the eww, down on pace for its worth month since september, 2011. the canadian etf down as well on pace for its sixth negative day in the last seven. melissa? >>> deutsche bank shares plunging on reports that the federal reserve reported that it's in troubled condition the designation that took place is one of the l

they exported cars in the one hundred seventy eight thousand cars to china last year general motors for eggs for instance they hardly export anything the cars that they sell in china they produce them in china so they are not part of those tariffs anyhow and also the number of cars that forte is exporting to china is not that much so the big beneficial risk could be companies like b.m.w. or. so that is funny so that this kind of approach from china might help the competition to u.s. carmakers more than the u.s. carmakers themselves ok not outcome there but an interesting one for sure yes quarter on wall street thank you very much for that. a little over a month before the next election turkey's president. is trying to create the image of a country with a strong economy and at first glance he's right the economy grew by more than seven percent in twenty seventeen but inflation is way above target and the man in charge is dead against raising interest rates and going off script like that isn't exactly what foreign investors want to hear. many young people in turkey can't find a job a sure

. >> general motors 2018 cadillac ct 6 with supercruise also has an internal camera mounted right on the steering column. it monitors the driver for signs of distraction. but gm says it doesn't capture or story video. between cameras and sensors cars are collecting all kinds of data about our driving habits. the question is, why? >> a lot of data is being collected to help auto makers prepare for self-driving cars. it's a machine learning process. they're using your data to map the roads and better understand how vehicles and people are going to react on the roads. >> the legal rules around car data are murky. a 2015 law says the crash data belongs to the owner not the auto company. but that's just a small fraction of the data your car is generating. the auto industry has issued volunteer guidelines around privacy practices. the consumer union consumer reports advocacy division would like to see more regulation and greater transparency with car companies being up-front about what they are collecting. >> consumers shouldn't be in a position where they have to search or the information

that's more than ford or general motors.nding it, it may find the wheels come off its drive to enter the fast lane of the motor industry. theo leggett, bbc news. and that story about after gap interpreters who worked for the british forces in afghanistan. about 150 of them and whether or not they can stay in this country, there has been a consume pain to allow them to stay, the defence secretary gavin williamson saying they should be able to settle in the uk, we have had a statement in from the home 0ffice, had a statement in from the home office, and it says that afghan interpreters who worked for the armed forces and have relocated to the uk will be able to apply for settle m e nt the uk will be able to apply for settlement free of charge, this is from the home secretary, the new home secretary, and this means that afg ha n interpreters home secretary, and this means that afghan interpreters who have been in the uk for five years will not have to pay the usual fee, which the uk for five years will not have to pay the usual

. >> general motors. >> [indiscernible] >> [indiscernible] >> honda north america. automobileance of infectious. >> global automakers. >> [indiscernible] pruitt, director, epa. >> jim hackett, ford motor company. president trump: that is right, jim. we know you well. these are the biggest in the world, and we are talking to them, and we want them to build cars in the united is, and building here and ship them overseas. we are doing a reverse act, and that will be something that is happening and we see it happening. a lot of it has to do with the great tax cuts and tax incentives that people have been given. and we have other incentives coming. so we appreciate you all being him. and thank you very much, everybody. appreciated. confidenceo you have and administrator pruitt? president trump: yes, i do. [indiscernible] nafta you concerned that -- president trump: we will see what happens. we are negotiating nafta i have never been a nafta plan. it has been one of the worst trade deals in history. we have some bad deals in this country. between the iran deal, nafta, we

self-driving cars is the likes of google and general motors racing to develop the technology. >> that is a question. are we ready? wi we have to face that question soon. >>> critical day for the parties trying to salvage the iran nuclear deal. groups coming together to work out a deal. we are live in vienna coming up. it sense every move and automatically adjusts on both sides to keep you effortlessly comfortable. and snoring.... does your bed do that? right now during our semi-annual sale save up to $700 on sleep number 360 smart beds. plus 36 month financing. ends memorial day. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now, i'll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america's largest

underappreciated value, oil is saying going up, don't buy automakers, cycle is rolling over, general motors, cheapest stocks in the world, ebb tax nice yield. liz: i would say buffett likes it. you're not buying at highs of the year. [closing bell rings] that is why pat kaisar invited back. he gives us idea. dow on pace for the fourth straight record close. the dow around 25,000 mark. 11 points above it. that will do it for the "claman countdown." melissa: stocks surging as trade send shuns beginning to ease between the u.s. and china. still off the session highs, but huge gain in the s&p 500. nasdaq also in the green. it is a new record close for the russell 2000. fourth in a row. i'm melissa francis. happy monday. david: happy monday, thank you for joining me for my daughter's wedding over the weekend. we'll tell you about that later. i'm david asman. glad you could join us after the bell. first what else we're covering very busy hour. toning down the rhetoric on tough trade talk in china.

if it came up in that area with the general motors or ford or whatever, on their own it's going to betransfer has got to tell you the sleepy little bureau beach looks really good this morning. thank you so much. trained to think he would trade us for the day? gerri: i would go there. i'd volunteer. cheryl: looks like summer is finally here. but so are the bugs are details on a new warning about a threat from those annoying insects. speaking of summer, it will feel like summer in the northeast today, but there's some trouble in other parts of the country to tell you about. janice dean's forecast coming out. it's all about apple today, but certainly the dow looking higher up 42 points. nasdaq up 31. we will be right back. ♪ into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic s