general motors dealers have a supply. itits just that people are discourad from going out and buying them. laura: you are an experienced transportation reporter. what seems to you like a possible resol aion to this? mieline: the one complicat factor here is that the uaw leadership here is under a cloud. they very much need the workers to appro a contract because they want to show faith in them. there is a federal investigation of top leadership. but the workers are not about to approve a contract without the job security guarantees they want. so general motors and the uaw need to reach a deal and then wthe uaw needs to gkers to improve the deal. it is a bit sticky.ur general motors has experienced the ire of president trump for closing factor key political stakes. -- states. how much interest is the president taking in thistrike? micheline: well, it is very unusual for a car company have to manage a u.s. president. as we have seen with donald trump, he will tweet about just about anything that catches his attehaion. norma

story from detroit phil what do you have coming up for us >> reporter: becky the auto workers for general motorsalking the picket line outside the assembly plant how far apart is the union and 'lharel motors wel ve fsh reporting we'll give you the details when "squawk box" returns through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ some of the following has spoiling this is us for the few who haven't seen it. season 4 of this is us is almost here. to catch every past episode, just say "this is us" into your xfinity voice remote. like the one where i... [ buzzer ] or

uaw members walking off the job at general motors. we've got a live report from detroit. up. >>> and it's official. oxycontin maker purdue pharma filed for bankruptcy protection. it's monday, september 16th, 2019 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange" i'm dominic chu in for brian sullivan. today, let's get right to today's breaking news. a series of attacks on the world's two biggest oil processing facilities in saudi arabia has energy prices soaring with brent crude that world benchmark coming off its biggest intraday move ever in history. prices right now well off of those session highs at one point brent futures were up around 20% right when they opened they're currently up around 10%. $66.05 wti crude, u.s.-based crude markets $59.68 that's up about 9% as well now, as the saudis aim to restore at least one third of their lost output capacity by early this week, that is the current state of play for energy markets. yemen's houthi rebels claimed responsibility for these attacks, saying it was one of

which is what general motors has been doing. it's been a big part of their profit drive in north america. that is at the heart of the issue between the uaw and general motors. >> phil, you've covered these labor disputes, labor disputes like this for some time. how would you surmise this is going to play out? >> i think this is going to last at least a couple of weeks, maybe two or three or four weeks. i don't get a sense they're going to reach an agreement anytime soon. in part because, look, times are good. so if you're a uaw member you know that this contract was coming to an end. you knew that the possibility to strike was there. they can afford to a certain extent say we're going to try to put some pressure on general motors. from gm's perspective, craig, this is costing them $50 million a day. that's one estimate from one analyst but they've got plenty of inventory when it comes to high profit, high demand trucks and suvs. you're not going to notice an impact at dealerships, at least for four or five or six weeks. then you

reicher against general motors negotiations are underway to put an end to the biggest walkout in the u.s. since 2007. it's time for business on the w. and how you know i guess welcome global markets have reacted to a surge in oil prices after a drone attack on 2 major processing plants in saudi arabia the lower oil production is not the only concern u.s. president donald trump says he is ready for military action against those responsible u.s. government officials have blamed iran as the main culprit sparking fears of escalating geopolitical tensions. these are the images that inspired dread in politicians and investors around the world saudi arabia's largest oil refinery up in flames and half of the country's oil production slashed least temporarily by one airborne barrier. appearing on a t.v. station sympathetic to their cause rebels based in yemen said they carried out the attack but the u.s. has pointed the finger at the back as the iranians i want to reiterate that the united states whole heartedly can use iran to attack on the kingdom of saudi arabia. president trump went furth

cooperating representative for general motors automaker said that they will not close to plants that were scheduled to be closed they said they're planning to hire nearly $6000.00 new employees and that they're planning to invest nearly $7000000000.00 in various initiatives that will benefit employees so the company is saying this is just a matter of the union not wanting to cooperate however general motors has seen a big swing of events over the last decade or so it was just in 2008 that the company was absolutely bankrupt and it was one of 2 u.s. automakers that received nearly $80000000000.00 from the federal government to prevent it from simply going under since then general motors has fought its way back and just in the last 3 years or so it's posted more than 10000000000 in profits so this is the way of the union and the workers basically saying listen we stuck with you during the hard times and now that the company is doing so much better the workers are saying we want more of the profits coming directly to us so they say that they will plan to strike in the early morning hour

nearly 50,000 general motors workers walked off the job.es are he demanding better wages, health care and job security. production is expected to stop at 55 facilities all around the country for the company's first strike in 12 years. president trump weighing in, tweeting this. here we go again with general motors and the united auto workers. get together and make a deal. much more on this coming up. overnight, a major drug maker accused of fueling the opioid crisis files for bankruptcy. purdue far m& ma making the -- a making the bankruptcy filing as a way to protect them from the nearly 3,000 lawsuits that it is facing right now. the u.s. is locked and loaded following a crippling strike on a saudi oil facility. that's the word from president trump as iran is blamed for the attacks. >> reporter: tensions are at fever pitch as the world waits to see what happens next. first, let's take a look at the satellite images from saudi arabia. this is aramco, that oil facility there, after saturday's drone attack. this disrupts about 5.7 million ba

i think they'll reach an agreement. >> reporter: in a video released by general motors, executive viceresident gerald johnson said the automaker offered to invest more than $7 billion in plants and new product programs. >> we've also offered wage increases and/or lump sum increases over the life of this contract. >> reporter: the strike shuts down over 50 facilities in nine states. >> people's been worried for quite a while now. >> reporter: josh mohen works for a part supplier in indiana that deals with gm. >> we have a lot of customers and a little stockpiled, but i don't know how long it will last. >> reporter: strike pay for uaw members is $250 per week. analysts at cox automotive say gm has 11 weeks worth of cars, trucks, and suvs. those same analysts say gm has enough vehicles on dealer lots to last about 77 days at the current sales pace. >> all right. laura podesta in new york. thank you. >>> this morning iran is rejecting accusations by the u.s. that it was behind a drone attack that crippled saudi arabia's largest oil facilities. president trump says the u.s. is ready to resp

the last general motors in 2007. the strike lasted three days and cost general motors $600 million.ke western fpokesper united autoworkers only 2% of the contract terms have actually been agreed upon. "when you have 98% of the agreement to go, it's going to take a while." today the president refused to say whether he supports the autoworkers. >> do you stand with the autoworkers on the strike against gm? >> well, i have great relationship with the autoworkers. i got tremendous numbers of votes from the autoworkers. i don't want general motors to be building plants outside of this country, as you know, they built many plants in china and mexico and i don't like that at all. my relationship has been very powerful with the autoworkers. not necessarily the top person or two but the people that work doing automobiles. >> "doing automobiles." in tonight's episode of "meet the fresh panman" you'll meet alyssa slotkin who has two general motors auto plants in her congressional district in michigan. she is also a member of the homeland security committee and a former cia analyst. we'll get h

general motors stock down nearly 5% at the low of today's session as its uaw workers strike across theafter those contract talks broke down. to the epicenter of this strike, the motor city. grady trimble is live in the assembly plant in detroit three miles from gm's corporate headquarters. grady? reporter: three miles from here, that's where the contract negotiations are going on. they are happening behind closed doors but we have some information that we would like to break with you on this program. we are learning from someone close to the negotiations that today's meeting has been tense. the source describes the meeting as an exchange of words, to get back on track after the strike was announced over the weekend. a main sticking point at this point is gm's footprint in mexico. the source says gm has the largest footprint in mexico out of the detroit three auto makers and so far has refused to bring back any production. that's a sticking point within those meetings but it's also something that union workers are bringing up. i talked to a worker here today who says the new version of

and all the houses around general motors. they ever have, we feel like we should get some of that stuff back, like cost of living and things of that nature and a company doesn't want to do that. you know, fair day's pay goes with a fair day's work and we just want to recoup some of the stuff that we lost. >> joining us now is freshman democratic congressman elissa slotkin from michigan. she is a member of the armed services committee and the homeland security committee. she was the acting assistant secretary of defense for international security affairs under president obama and is a former cia middle east analyst. perfect night to have you here. let's start with the autoworkers. >> sure. >> do you support the autoworkers? >> i mean, of course. i mean, i'm from michigan so -- >> whoa, whoa, wait, didn't you see what president trump said about -- he said a lot of words, but he never said yes, of course. >> well, i mean, i think it -- >> don't you want to be more careful in your answer? >> no, it just -- it's not a hard one for

how much could destroy cost them when you know they've also reported general motors reported that they've made over $10000000000.00 in profits last year right so actually it's just coming down that the strike it is slowing down production and actually g.m. canada is going to be temporarily temporarily laying off $1200.00 employees at the plant and ontario now canadian workers there they're a part of a different union so they're not striking there so they kind of have a little bit of a break but after day 3 production losses they're looking at $23000.00 vehicles by the end of this week it could be up to $43000.00 but when it comes to money it's estimated that they're losing $50.00 to a $100000000.00 per day now we have we had a graph where we were showing the last strike in 2007 it lost $23000000.00 g.m. again if we're going to the conservative route with 5xw1c5xw by the end of today 350000000 by next monday 700000002 weeks from now now one of the longest strikes which is actually covered by an r t photojournalist here was back in 1988 were 9000 workers went on strike for 54 d

about 50000 general motors workers in the u.s.will continue their strike for a 2nd day because between the union call make a fail to reach a new contract you know the strike is hurting general motors with stocks falling about 4 percent back to go high and has more from the company's headquarters in detroit. in the shadow of the iconic headquarters of general motors their workers now off the job and really in the public. passing by with peeps of support daniel rider should be making engines but he's here and he's angry i'm also angry about the profits that they said. continue asking us to give give give the giant automakers asking employees to pay more for their health insurance but the union says there are bigger issues they want more money fewer temporary workers and a slowdown in downsizing g.m. has plans to close 5 plants in north america this one is closing in january taking with it chaz acres job installing headlights. every car keeps coming down the line we have a certain allotted time for each and every car there is no stop

this is a situation where the uaw believes that general motors has been highly profitable and generals has been importing more vehicles from mexico into the united states that has been driving up those profits. and yet, they're in the process of idling production at four plants here in the u.s. and from the uaw's that doesn't make sense. from gm's perspective they look at the taughe auto workers and you are paid far more in terms of health care and benefits than ford, chrysler and certainly well above what the foreign auto workers are paid. >> always a treat to have you on. thank you very much for that. i appreciate it. back in the world of politics, the president has got a you strategy for reelection and it's taking an interesting geographical twist. he hopes to expand the map not only sending money and resources into a traditionally blue state, but traveling there today for the first time ever as president. we're talking about new mexico and it's a state he lost in 2016 by 8 points, a state where the governor, the lieutenant governor, both senators, every member of congress are demo

workers at some 31 general motors plants are now officially on strike.toppage in over a dozen years we've got the latest. >>> oil prices spike as world leaders watch and wait to see what president trump does after warning the u.s. is locked and loaded following attacks on saudi oil fields. >>> then fat shaming on a grand scale as one late night host attacks another in a back-and-forth that's starting a national conversation. >>> plus oxycontin maker purdue pharma files for bankruptcy overnight. we'll have the latest. >>> i wa

why tens of thousands of general motors workers of walked off the job. however no surprises in the forecast across the middle east this drive pretty much everywhere we have got a few showers easing out as he heading towards georgia maybe into armenia by john to see want to see showers 60 something to clap in place here come a little further south 30 celsius there for beirut 5 draw and sunny still into the forty's the kuwait city and also for baghdad as we go on through the next couple of days or 33 there for karate again generate dry a little more class to start to push its way in a little bit some places the plan across the arabian peninsula where you see that cloud you could squeeze a spots or 2 with racially right outside maybe to the northeastern corner of saudi arabia over towards the red sea a possibility of a little bit damp weather has set in the case to into the fosse out of amman over the next couple of days here in doha temperatures getting up to 40 degrees celsius by choose they off name quite as hot as that but many of warmth plenty of decen

de un acuerdo que expirÓ elmohama sindicato quie o seguridad laboral y general motors ha ofrecido 7lÍderes asindicales argumentan que ayudÓ a los trabajadores cuando estaban en bancarrota y ahora esta alerta quiere que sea recÍproca es todo de regreso contigo paulina. >>> gracia rubÉn por la informaciÓn vamos a honduras mientras estaban festejando ayer una independencia de espaÑa una propuesta enfrentÓ a opositores y seguidores del gobierno juan orlando hernÁndez el grupo opositor estuvo dirigido por zelaya y exigieron el cese de hernÁndez porque dicen que aceptÓ dinero para su reelecciÓn. vamos a mÉxico porque este paÍs estÁ viviendo suse paÍs, escuche. s fiesta >> viva la grandeza cultural de ciÓn patrias las primeras del presidente lÓpez obrador al frente de este paÍs. >>> viva la grandeza cultural de mÉxico >>> viva >>> viva mÉxico! >>> viva viva mÉxico!. >>> viva >>> viva mÉxico!. viva >>> esto que tiene en su pantalla ocurriÓ anoche durante la ceremonia del grito de independencia la cual vieron en telemundo hoy se celebra el desfile militar conmemorativo en esta ocasiÓn a los

the united autoworkers strike brings general motors production to a screeching halt. how both sides will feel a financial squeeze until a deal is struck. >>> plus a deadly explosion in maine. what investigators think triggered the blast that turned this building into rubble. >>> good morning from the studio 57 newsroom at cbs news headquarters here in new york. good to be with you. i'm anne-marie green. >>> well, president trump says he does not want to go to war following the attacks on saudi arabia's oil plant this weekend. mr. trump said it looks like iran is to blame. meanwhile attacks sent oil prices surging. gas prices here at home are expected to jump 10 to 25 cents. laura podesta is here in new york. laura, what is the president saying about all of this? >> well, when asked about it yesterday, the president essentially said not to worry, that they haven't risen very much so far and the u.s. has strategic oil reserves for situations like we're in right now. he said we'll dip into those reserves if necessary. president trump downplayed the saudi oil attack last

aquÍ vamos otra vez con general motors, jÚntense y hagan un trato.de sueldo y mejores condiciones. hace unos aÑos hubo una huelga parecida que durÓ dos dÍas y por fortuna hubo un acuerdo entre ambas partes. borja: esto afecta mucho la comunidad porque muchos hispanos que trabajan en general motors. al menos tres candidatos demÓcratas aspirantes a la casa blanca han mostrado su indignaciÓn y piden enjuiciar al magistrado y todo luego de que surgiera una nueva acusaciÓn en su contra sobre una supuesta agresiÓn sexual cuando este estaba la universidad y esto fue publicado por el diario the new york times. maxs stiers es un ex que habÍa notificado al fbi y tambiÉn a senadores que vio al magistrado bajarse los pantalones en una fiesta y que sus amigos lo empujaron para que sus partes Íntimas llegaron a mano del estudiante deborah ramÍrez. la denuncia representada nida e cuenta.agistrado recaen las acusaciones de al menos tres mujeres que lo seÑalan por abuso sexual. segÚn expertos si los nuevoso paÍs tiene consecuencias. vamos al escuchar lo que piensa un

do they care take a look at shares of general motors it's flat. one week into the strike shares have done nothing. there was a bit of movement last week and came back at the end of last week but generally speaking this is not having a huge impact in terms of how investors look at shares. that's because the third quarter impact expect to be limited at this point >> thank you very much >>> shares of netflix under pressure today despite big wins at the emmys who will be the big winners. plus pressure pointing on weworks. is he being made the company's fall guy for the disasterous non-ipo. the latest on the push to fire the founder micong up on power lunch. man: can i find an investment firm that has a truly long-term view? it begins by being privately owned. with more than 85 years of experience over multiple market cycles. with portfolio managers who are encouraged to do what's right over what's popular. focused on helping me achieve my investors' unique goals. can i find an investment firm that gets long term the way i do? with capital group, i can.

musica ademÁs este lunes: - trabajadores en huelga, casi 50 mil trabajadores de general motors en paroen reclamo de mejores salarios y beneficios, la huelga provoca el cierre de 33 fabricas en 9 estados. - desfile en mÉxico, el presidente lÓpez obrador impone su sello en el desfile militar por la independencia por primera vez... >>> perdieron el 96% de sus hielos. noticias telemundo josÉ dÍaz-balart. >>> buenas tardes soy felicid felicidad... >>> la administraciÓn trump quiere resolver el atraso de miles de pedidos de asilo. dicen que el proceso no es transparento y que deja a los migrantes mÁs volubles que nunca. >>> permanecen pÍtico. 10 carpas en la frontera de texas van a llegar a diario desde la madrugada. >>> es la primera audiencia. y tenemos que las autoridades norte americanas nos ayuden. >>> el juez no estuvo presente de forma fÍsica. todo se hace por video transferencia. >>> en laredo la situaciÓn del complejo no fue bien recibida. >>> activistas se han quejado porque las audiencias no son abiertas al pÚblico y muchos migrantes no tendrÁn abogados. >>> si estÁn en mÉxico, y

announced the united states a 1st nationwide strike at general motors in 12 years is due to take place at midnight on sunday 48000 members of the united auto workers union or walked off the job after talks of a contract with the motor company collapsed well because of pushing for better wages health benefits and job security guarantees what we're asking of general motors is simple and fair. we are standing up for fair wages we are standing up for affordable quality health care we are standing up for our share of the profits we are standing up for job security for our members and their families and for in this case joins us from live now from washington you're hearing there base about the rationale behind this proposed strike what's jams reaction been yeah the g.m. vice president put out a video statement and he basically is saying that the package that they're offering to these employees is very good he says that they plan to invest about $7000000000.00 in various different programs that would directly affect the plants where these workers work at and would also benefit the workers he

. >> thompson: talks continue between the unitedworkersn, and general motors on day seven of a national strike against the aumaker. an estimated 46,000 workersim walked out last week after g.m. and union officials failed to come ton agreement on a four year contract on issues including wages, healthcare and job security. the strike impacts more than 50 general motors plas nationwide, and the company stands to lose hundreds of millions of dollars as it continues. while negotiations continue, the u.a.w. is calling today "solidarity sunday" and is asking the public to join the picket lines to show support for the striking workers. phoebe wall howard covers the auto industry and labor for "the detroit free press," and she the strike.w for the latest on so i understand that democratic presidential candidate elizabeth warren joined the picket line today. how did her visit go? >> well, from what we understand, she actually met with labor leaders prior to meeting with members, and when she derioit, she met primarily with members.ou it wasn't giving a speech. she made slight remarks, perhaps not

workers at some 31 general motors plants are now officially on strike. it is the biggest american work stoppage in over a dozen years we've got the latest. >>> oil prices spike as world leaders watch and wait to see what president trump does after warning the u.s. is locked and loaded following attacks on saudi oil fields. >>> then fat shaming on a grand scale as one late night host attacks another in a back-and-forth that's starting a national conversation. >>> plus oxycontin maker purdue pharma files for bankruptcy overnight. we'll have the latest. >>> i was an undercover cia operative. i was to prevent terrorists and rogues from getting nuclear weapons. you've probably heard my name. mr. president, identi've got a scores to settle >> the president will be campaigning today, but he has a lcomparty he may not find all that warm. "early today" starts right now >>> good morning i'm gigi stone woods. >> and i'm frances rivera. breaking news. tens of thousands of autoworkers across america are on strike, concerns this morning about how much of an economic i

picketing outside of a general motors facility. michigan this is one of nine states when they have walked off the job. both sides are still laws. >>> workers across the country walked off the job and. one and 46,000 members with on strike after contract negotiations fail.>> we are standing up for fair wages. we are standing up for affordable quality health care. we are standing up for our share of the profits. >> it is the union's first national strike since a two-day walkout in 2007.>> they can make it a longer series for general motors to go to the table.>> in video, the executive vice president says the automaker offered to invest more than $7 billion in new product programs. >> we have also offered wage increases. over the life of this country. >> this is down over 50 facilities in nine states. he works for a parts supplier in indiana. >> i don't know how long it will last us. >> strike pays $250 per week. analyst say they have 11 weeks worth of cars and trucks and suvs. >>> this and they want to finish the contract talks with

son derechos acumulados por muchos aÑos trabajando para la general motors. sea necesario hasta alcanzar un acuerdo. viviana: la compaÑÍa dice que han ofrecido un paquete sÓlido a los trabajadores con una inversiÓn de 7.000.000.000 $ y 5400 puestos de trabajo pero no se vislumbra que se pueda llegar a un acuerdo en corto plazo. es la informaciÓn que tengo desde detroit. borja: tendremos que ver si esto tambiÉn afecta a otros paÍses porque las fÁbricas de general motors producen piezas que despuÉs mandan a fÁbricas en canadÁ y mÉxico a empresas que ensamblan los vehÍculos.veÁ lasrepercusiones. carolina: hablando de este tema, el apoyo de los sindicatos ha aumentado mucho. una Última encuesta indica que estÁ en el nivel más alto de los Últimos 50 aÑos. tambiÉn se habla de empleados como hazte contar!cada ano en estados unidos se realiza un censo.. y tu participacion es clave para que tu y tu comunidad se beneficien! pero, si te preguntas, ?por que es tan importante participar? aqui te contamos.. el prÓximo censo 2020cada dos aÑos se tomÓ nÚmero de personas que

it is now the longest nationwide strike against general motors in almost 50 years. back to the most recent one in 2007, that only lasted a couple of days. before 1970, that strike dragged on for two months. how long can each side afford for the strike to drag on. citigroup says gm is moving up to $100 million a day during the strike. if you count last week and today, that is more than half a billion dollars lost. as for the ticklers, they're making $250 a week and that is paid for by the union which is paying for healthcare coverage for the picketers while the strike is going on. that is coming out of the union emergency strike fund. the picket line has a must become a mandatory campaign stop for 2020 presidential hopefuls. former vice president joe biden visited picketers over the weekend and so did elizabeth warren. both telling workers the strike sets the tone for workers and unions across the country. general motors stock took a hit since the strike started and so have stocks for companies that supply parts to gm. seats are no longer needed while these plans are

"aquÍ estamos otra vez con general motors y el sindicato de trabajadores automovilÍsticos.s de la primicia mundial que le dio el ex pelotero dominicano david ortiz a noticias univisiÓn quedaron muchas cosas por contar, como por ejemplo quÉ hizo durante los meses de recuperaciÓn. >> en sus ratos de soledad y dolor se dedicÓ a escribirlos. >> en esta casa que pasarÁ a ser parte de su pasado en boston fue nuestro encuentro con el ex pelotero de grandes ligas david ortiz quien se mudarÁ a florida. compartimos con Él durante cuatro dÍas antes de la entrevista exclusiva de noticias univisiÓn donde florecieron conversaciones muy Íntimas de lo que viviÓ el pasado 9 de junio cuando fue baleado por la espalda en 1 bar en santo domingo. >> todo el mundo quiere saber cÓmo te sientes. >> gracias a dios muy bien, creo que estoy al 100%. dios ha hecho un milagro conmigo y todo estÁ marchando bien gracias a dios. >> nos contÓ que mientras anotaba un jonrÓn a la vida en su recuperaciÓn descubrió un nuevo talento, escribir versos que publica en redes. >> solo quien ha pasado por un desierto

nearly 50,000 united auto workers now on strike against general motors. after contract talks broke down over the weekend. the strike is affecting more than 50 gm facilities across the united states. the union and gm are set to go back to the negotiating table in two hours. we're going to speak live with one of the union negotiators in just a moment. >>> the president says the u.s. is locked and loaded after the u.s. blamed iran for attacks on saudi arabian oil fields. about 6 million billions of oil a day were knocked out in the coordinated strike. stock futures pointing to the dow opening down this morning amid fears spiking oil prices could lead to a slowdown of the global economy. we'll start with the united auto workers strike. nearly 50,000 on the picket line this morning, joining us now is terry dittes vice president of the united mobile workers union and lead negotiator with general motors. thank you ver

. >> general motors workers are set to go on strike at 9:00 p.m. a statement suggests the two sides are farac negotiations. a strike will impact 48,000 workers across the country. >> the united autoworkers union announcing a strike against general motors effective midnight tonight. >> our membership opted to go on strike this evening. we do not take this lightly. this is our last resort. >> the union is choosing not to extend the current contract. which expired saturday. >> this strike is about us. about standing up for fair wages. affordable quality healthcare. our share of profit. and job security. >> it's members not ago helped save a company many didn't think was going fo they st up at the table. >> the uaweached would serve as a model for the late talks with the other two automakers. >> we're fighting for the future of the middle class. >> the last strike by the union in 2007 lasted two days and estimated to have cost the automaker more than $300 million a day. in a statement general motors insists it was trying to do right by the workers. add

general motors that could be fruitful? met and reconvened and every single committee is back working hard at trying to close the gaps. whether it's short or long, i have no idea. when we settle issues and when both sides are comfortable that we can both take this agreement to or membership and general motors i guess to their board, then we will close it up. whether that's now or sometime in the future, nobody knows that until we see those issues closing up. >> where would you say we are? obviously the fact that there's a strike means that there's been some breakdown, but strikes are hard for everybody involved. do you get some sense that this will be resolved? does there seem to be goodwill on the side of both parties? because your union had made a comment that the offer from general motors came in too late to avert a strike. does that mean there's an offer on the table that is close enough? >> there is no comprehensive pro proposal on the table to set this will strike. there is not one today and there was not one at the d

you know, general motors makes most of its money in the united states.ad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the u.s. embassy, which we have to have approved, not only for the unions, but for the auto workers, the farmers and that manufactures and everybody. everybody wants mca, more important, but people wanted, i'm sad to see the strike, hopefully it is a quick one. > >> president trump: it's never exhausted. in fact, the crown prince can tell you especially in your part of the world it's never exhausted until the final 12

in the shadow of the iconic headquarters of general motors their workers now off the job and rally inthe public and. passing by with peeps of support daniel rider should be making engines but he's here and he's ingrate i'm also angry about the profits that they said. to you guys guys to give give give the giant automakers asking employees to pay more for their health insurance but the union says there are bigger issues they want more money fewer temporary workers and a slowdown in downsizing g.m. has plans to close 5 plants in north america this one is closing in january taking with it chaz acres job installing headlights. every car keeps coming down the line we have a certain allotted time for each and every car there is no stopping there is no saying down we stand up and move 8 plus hours a day the closures have angered president donald trump and he has been rallying against him on twitter and in the white house that continued on monday we don't want general motors building plants outside of this country and we're very strong on that he hasn't been able to stop them but these worker

announcer: support for the pbpbs presentation of this program was provided by general motors. man: i see future. i see a good future. i see a future filled with roads and no rage. -we see a future... -with zero crashes. i sea future where fossil fuels... are a thing of theast. all: we see a future with zero emissions. i see a future where traffic keeps perfect time, whewe see a fgence is with zero congestion.on zerogestion. -we are... -we are... -we are... -general motors. bill clinton: nobody plays a song when you walk in the room anymore. david rubinstein: you are now both former presidents. [laughter] laura didn't bring the coffee. rubinstein: what dyou actually say to each other? george w. bush: rally, we say, "when's this program gonna start and when's it gonna end?" heh! clinton: and he'll say to me, "give shorter answers." [laughter] rubinstein: what was the biggest surprisehen-- the first day you're in the oval office? it really surprised me how easily i could be turned into a two-dimensional cartoon. in walks my dad, and i said,es "oh, welcome, mr. ent." he said, "tha

this affects general motors, ford, and feel chrysler.he extension can be removed ith three days notice, but is now being extended ahead of the satellite deadline, so presumably talks continue, and it looks like a strike this week and maybe averted. we work is not backing down from its ipo plans. a look at some of the changes the company is making to counter the doubters. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn in new york. amanda: i'm amanda lang in toronto. is moving ahead with its ipo but making a number of moves anxiety herestor in the office leasing company is revamping its stock structure, announcing a lead director by the end of the year, and will bar ceo family members from sitting on the yours. with us with some of the details are our reporter. the obvious question is is it enough? some of the changes almost three like an onion article, that his wife will not begin a discretion over a new ceo, but we know governance was an issue. that is a big question, we are hearing to wait from investors, and

my hometown once had 76,000 people working for general motors. today it's about 10,000.hey are being developed, to be developed south of the border. we need to get decent payroll for those people who are working. there's a two-tier pay system within the gm pay structure right now. and that was done in order to help the company over the hump. not to be a permanent under class of workers who receive literally half the pay that the people working right down the assembly line are gaining. that's one of the issues that has to be addressed. >> i hear you. and i think about it this way. you have got public companies that have to answer quarterly to wall street and the demands of investors. and they want to see quarterly profits increase. at the same time, you have the future of the american worker on the line here. do you believe that gm is being greedy? do you believe gm should take a reduction in profit for a number of quarters or maybe a matter of years to be able to properly train people for the jobs of the future? and if you do that, how do you convince the street? >> the

before occupy wall street there was occupy general motors for 44 days from 103621037 over 100000 members of the then rookie united auto workers union supported a sit in strike of the flint general motors plant the national guard was brought in tear gas was shot into the plant and at least 14 strikers were shot with guns during the standoff but in the end the union brought the largest automaker in america at the time during the great depression to its knees and that one strike changed the course of u.s. history. unions are probably jurors so much security and freedom and because 2 it isn't easy even to recall repairing the person that came to an end with the wedding a visit that was right. well made a middle class we could have decent food we could live in a decent place. where decent clothes. and on september 15th the u.a.w. once again called for a strike that now has over $45000.00 workers picketing the auto giant and the days following the strike to kick off general motors has stopped paying their share of health benefits for employees and are pushing the cost onto the union and what m

tens of thousands of united autoworkers from general motors plants across the country are on strike. contract negotiations broke down over the weekend. the fight is for wages, healthcare coverage, job security and a share of profits. union leaders are expected to meet with general motors officials this morning to continue contract discussion . >>> crude oil prices are rising after the attacks on saudi arabia and oil facilities. oil prices rose 10% after the attacks on saudi oil fields knocked out half the country's oil production. president trump says the united states is quote locked and loaded to avenge the attack. officials are still trying to confirm, who is responsible . >>> 2020 presidential candidates are making their way through the be area this week. author, marianne williamson is visiting san francisco. tomorrow beto o'rourke will be at a private home for a campaign fundraiser. also tomorrow president trump will be in the bay area for the first time in his rally in san jose three years ago. >>> we are learning more about a deadly boat crash on the delta that left one woman

merely 50,000 union workers across nine states go on strike against general motors.t trump said many of those workers supported him. will he take their side now? >>> and later, has kim jong-un invited president trump to visit north korea? it's not "pretty good or nothing." it's not "acceptable or nothing." and it's definitely not "close enough or nothing." mercedes-benz suvs were engineered with only one mission in mind. to be the best. in the category, in the industry...in the world. lease the gla 250 suv for just $329 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. the amount of student loan debt i have i'm embarrassed to even say i felt like i was going to spend my whole adult life president trump said many of thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free ♪ not owing anyone anything is the best feeling in the world, i cannot stop smiling about it ♪ (past them because she didn't sknow they were talking to her.g and she would just walk right (deborah) i just could not hear. i was hesitan

as of midnight last night they're on strike against general motors. to try to stop what is the largest strike by any union against any u.s. business since the last uaw strike and that was back in 2007. meantime here in new york, a really significant bankruptcy filing from purdue pharma, that is the drugmaker that makes oxycontin. it is the next step in a plan to pay billions of dollars in restitution over the accusations that company helped fuel the opioid crisis. in the settlement, though, purdue still maintains it did nothing wrong. >>> billions of barrels of oil up in smoke. this after a strike on a saudi arabian oil field. president trump says the u.s.

it is estimated general motors could lose upwards of $90 million each day. lauren blanchard, fox news. >>> children are ending up in the hospital because of marijuana ed westbounds. coming up, the potential changes for cannibus companies and how it could keep kids safe. >>> the famous washington monument repopes today. what has been happening after it was closed for the last three yearsable. burden of proof the weather's perfect... family is all together and we switched to geico; saved money on our boat insurance. how could it get any better than this? dad, i just caught a goldfish! there's no goldfish in this lake. whoa! it's pure gold. we're gonna be rich... we're gonna be rich! it only gets better when you switch and save with geico. >>> welcome back. it is 5:13. officials in the u.s. intelligence community filed a whistle blower complaint that reportedly involves communication that president trump has had with a foreign leader. the washington post says it has learned the complaint is about a promise president trump made to that foreign leader. it is not

all: general motors. david: what would you say the skill sewas that you brought? was it great intellect, great drive, great leadership? phil: all of that. david: all of that? david: let's talk about golf. phil: tiser woods you could coming from way back. david: in basketball, you have somebody named michael jordan. im.l: everybody want david: if i wore those shoes, i wouldn't be jumping higher, right? phil: i think you might. david: really? when y give a $400 mil gift or $500 million gift, do you actually write a check o? it hard to write that check or? phil: uh, ye david: what would you say is the most favorable memory you have? phil: kind of look at nike as my work of art, if youwoill. n: would you fix your tie,lease? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. i don't ounsider myself a jalist, and nobody else would consider myself a journalist. i began to take on the life of being an iakerviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it t

automaker general motors are due to go on strike on monday for more than for the 1st time in more than a decade $48000.00 people are expected to walk off the job at 31 factories across the country the united auto workers union is pushing for better wages health benefits and job security guarantees and they've threatened to stay on strike until an agreement is reached the talks to continue on monday well earlier we spoke to michael martinez who is a reporter for automotive news which is based in detroit and he says workers are demanding a greater share of profits and explains how the strike will impact general motors is. it could cripple g.m. if the strike lasts long enough currently the automaker has been preparing for some type of action and they have a 77 days supply of new vehicles on hand that number fluctuates depending on what the able you're talking about and they're more profitable more popular at c.v.s. and trucks they have a lower day's supply in the fifty's but if this drags on and then it essentially means they can't build any products dealers won't be able to sell those ne