all: general motors. both: we are... you're wating pbs. ♪ >> he's a late entry into the presidential race with a lot of catching up to do, this week on "firing line." >> i'm excited, i am humbled, and i am fired up. >> the only african-american still in the race, deval patrick ro from poverty to become governor of massachusetts. >> the people of massachusetts chose to take their government back. s >>f-made business leader, he advocates for american capitalism. [ bell ringing ]ac >> there is a for business in our lives. >> but he also criticizes the growing gaptw n rich and poor. >> the american dream is becoming more and more out of reach m for more ae people. >> with the first voting just days away, what does govern deval patrick say now? >> "firing line with margaret hoover" is made possible by... additional funding is provided by...

all: general motors. david rubenstein: do you think that women can run defense companies better than men, or theiecan run all compbetter than men? marillyn hewsome: i would just say, david, it's a team sport. it isn't all about me. david: donald trumsasent out a tweet ying that your biggest product, the f-35, was too expensive. marillyn: i pers tally engaged, mym engaged and had a chan to have a dialogue with him. david: what'so unique about f-35? marillyn: it is the most advanced fhter in the world. david: you were recently voted the 22nd most powerful woman in the entire world. marillyn: i get a note from my brother that said, "well, why was oprah higher than you?" or sometng like that. david: ok. woman: would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life ve being an interviewerthough i have a day job of running i

all: general motors. david: did you ever think that one day, you would be the chairman of the joint chiefs? powell: it was beyond any possible level of aspiration. david: people said this man should be president of the united states. davidpowell: it had thisnever occurred to me.ent david: any r about not having run? some people say ita great. ht david: ano?r [audience la]aving run? powell: prove it. david: ha ha! new national security advisor came in, and he wanteyou as his deputy. powell: so i said, "if it's that important, why doesn't the president call me? heh!" , general powell. this is ronald reagan." "yes, sir." ha ha! [audience laughter] woman: would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. y[woman giggles]? all right. i don't consider myself a journalist, and nobody else would consider myself a journalist. i began to tn e on the life of beingterviewer, even though i have a day job running a private equity firm. how do you define leadership? w

zero congestion. - we are... - we are... - we are... - general motors. rubensin: if president trump called you and said, "i really need you to come in and help your country," whatould you say? rice: i'm really happy to be doing what i'm doing now. rubenstein: you negotiated with the north koreans. rice: when i first heard the president had on the spot accepted kim jong-un's invitation, i thought, "oh, my goodness, what was he doing?" and then i thought, "you know, nothing else has worked, so why not?" rubenstein: now, on the iranian agreement-- rice: i did not support that agreement. rubenslet's talk about vladimir putin. rice: i know him well. he liked me. rubenstein: what are the qualities that you think great leaders actually have? rice: a sense of humilit about what they can achieve. woman: would you fix your tie, please? rubenstein: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. i don't consider myself a journalist, and nobody else would consider myself a journalist. i began toon the life of being

anuncer: senport for the pbs prestion of this program was provided by general motors. i see a future. i see a good future. a future filled with roads and no rage. - we see a future... - with zero crashes. whwoman: i see a future e fossil fuels man: are a thing of the past. we see a future with zero emissions. ici see a future where tra. keeps perfect time... where intelligence is always by design. we see a future with zero congestion... zero congestion. - we are... - we are... - we are... general motors. "i rlly need you to come in and help your country," what would you say? : i'm really happy to be doing what i'm doing now. rubenstein: you negotiated with the north koreans. rice: when i first heard the president had on the spot accepted kim jong-un's invitation, i thought, "oh, my goodness, what was he doing?" and then i thought, "you know, nothing else has worked, so why not?" rubenstein: now, on the iranian agreement-- rice: i did not support that agreement. abrubenstein: let's talk t vladimir putin. rice: i know him well. he liked me. rubenstein: what are the quali

and ford combined abrade in its initial success in china at the time for example the general motors a warmed over continued challenge there following a double digit sales decline in 2019 the chinese market it's not easy we cannot forget the focus there is because the chinese electric vehicles sales have been growing rapidly propped up by government subsidies so china has now begun reducing its incentives for electric cars and sales of new energy vehicles how it started to decline. thank you luis the high road there on wall street for us. prosecutors in tokyo have issued an arrest warrant for the wife of former nissan chairman carlos ghosn they accuse carroll going of lying to investigators over her husband's escape from japan where he was awaiting trial on corruption charges more details about the former manager stuff like escape from japan's justice system and this next report. his thoughts this is the moment when carlos ghosn left japanese soil since his daring escape on the 29th of december the story of how he managed to get out of japan has been slowly becoming clear it's believ

and general motors has unveiled the driverless car that will power its planned autonomy ride sharing services that's been developed and cooperation with japanese rival honda in an effort to catch up with rivals who are already far ahead. this is the origin story of g.m.'s self driving ride sharing aspirations the rather boxy looking symmetrically designed cruise is supposed to be the future of inexpensive day to day travel safer and better cheaper than whatever entering the room. but cruise has got off to a slower start than collaborators g.m. and honda would have liked regulators a yet to get on board with the $19000000000.00 project cruises still awaiting the permit it needs to do driverless test rights on california's roads however c.e.o. dan ammon is already planning the next steps i am your therapist. thank you very much to speak to me. he says cruz is well on the way to production but hasn't said when or where. and that's our show thanks for what. to come. from. his friends. losing money on macrolides to be seen as one of the driving forces for reform in you my guest is reclear

let's talk general motors.y will invest $2.2 billion to remake a factory as a hub for electric trucks production. let's send things over to david westin. david: a big announcement at general motors and we have the president joining us, mark reuss. congratulations. explain what you will invest is $2.2 billion in. mark: thanks, david. this is a facility that was put into place in 1985. we have made probably 4 million vehicles here. like a city within a city, which is great. we are redoing the whole plant to be our highest tech, most four-looking plant. everything from battery-electric trucks to the new autonomous vehicle we announced last week. it is a complete re-tool of the plant, from the body shop to general assembly, to the whole infrastructure of the plant. we2 billion in that, and will see a lot of money outside of the plant from our supply base to supported and a lot of jobs. -- to support it and a lot of jobs. 2200 jobs will be put back into this plant, and we cannot be happier. it is my down the street

general motors says, no problem.ing with honda unveiling the self-driving cruise origin. built for ride sharing, the vehicle seats six passenger, right here on your screen you're looking at it. it's being designed to operate 24/7, providing an alternative to car ownership. we bring in automotive editor gary gastelu. have you seen it? how far are we from concept to reality? >> well, look, that's the $19 billion question, which is what cruise is worth these days according to recent estimates that general motors controls. look, they hope to have this service up and running by the end of last year with the existing autonomous chevy bolt. it's already testing in san francisco, but they pushed that off to get the technology where i they wanted to be and also to build out this infrastructure. so we're really not sure when it's going to go into business, but it does have cars on the road, not this one, that it's testing right now that it drives most of the time in autonomous mode but does have backup drivers. another hurdle

it got a lot much buzz for general motors.'t think the name ultimately will matter much as big, bold styling we saw with the cyber truck. same sort of thing with this. maybe we'll see a little more on sunday. may 20th is a big day. that is when the full reveal comes. connell: should have lebron throw a brick through the window. >> they're not saying anything. connell: melissa. melissa: futuristic groundhog day? peta is calling for the retirement of the famous with predicting groundhog, punxsutawney phil. they want to replace the mammal with robotic version for the hog holiday. can this decades old tradition potentially die? who better to ask, david asman. we know exactly who to blame for this, brainless bill de blasio. killed it. >> it was 132 years old when he killed it, according to legend. there is a fact behind all this, groundhogs live six years in the wild in captivity, they live more than twice that. 14 years old. so if peta really cared about groundhogs would want more in captivity. unless you're being handled by bill

. >>> ahead, general motors sticks the bay area to show off its latest jump in driverless cars, comingwhat they just unveiled this afternoon. so, as you can see, saving can be quite simple. case in point, if you get xfinity internet and mobile together, big savings on your wireless bill. write this down, this is important. amy, this is actually a life saving class. what a nice compliment, thank you! save on fast internet and the best wireless network together. what can i say, i love what i do. that's simple, easy, awesome. get xfinity internet and mobile together and save hundreds on your wireless bill. you'll get unlimited talk and text and no activation or line fees. switch today. asand achieved new york city'sed cacleanest air quality in more than 50 years. as a leader in the fight against climate change, he helped shut down over half of the nation's coal plants, then led one of the biggest pollution reduction efforts in history. as president, he intends to reduce emissions by fifty percent within ten years. because if we want to stop climate change, we need to make a change. this i

contrast with general motors and ford itself.ou put those two together tesla is now almost bigger than general motors and ford combined how big of a story will china be for all three of these given the rush to electric vehicles? >> i think it is going to be a major part of the story for all three of those vehicle companies just because of the potential for ev's and the fact that china is moving aggressively to ramp up the ev market and get people to switch. currently, the ev market is backed by government and government linkedini initiatives tesla is moving there to try to ramp up the appeal first of all with the model y, today, musk said he believes they are going to be producing model 3s and model ys there. he also sees the model y having more demand than all the other tesla cars combined. to give you a sense of his appeal he, himself, was dancing at the car factory. that dance in the video has been all over social media. also the pricing has been quite good for tesla a lot of people say it has been priced since it is made in c

i'm greedy in 2009, steve rachner, who was obama car czar, general motors was down, chrysler was down. he came to me and said, i talked to the president, we want you to become the ceo of general motors he has written this in his book so i'm not telling you stories you can look at the book, and he offered me a pay which was double my pay. i said you know what i understand your offer is very attractive, but captain of a ship doesn't leave the ship when the ship is in difficulty. this is not i agreedy guy talking. i agreedy guy would say sorry, guys, this is business, i'm going to go for my own interests and frankly, i made a mistake. i recognize it today i should have accepted the offer, but i have my beliefs, and i followed my beliefs. then this is about greed the third thing is about dictator well, they discover i'm a dictator in 2018 for 17 years, i'm a ceo of the company, i had 20 books, so many professors coming, i have so many cases in harvard, stanford, waseda, keio, all of them coming, the professors analyzing this nobody discovered i was a dictator all these people who made the

today we are talking about general motors, when steve ratner's adjusted i should become ceo of general motors in 2009, and i refused to take the job because i was faithful to renault-nissan, and mary barra, lastead of general motors year, nobody said anything about it. she lives very well. she's a very respected citizen. she had a far easier job because she had one company to run in her own country. it wasn't my country. i was working across continents. everyone was really happy for me to do my job, and now people say , mr. ghosn, you were traveling a great deal. you have lots of money. but people are really happy for me to introduce measures so i could live at the bottom of number of companies. i regret that. if i made that choice, i have to accept it. of course, there were some decisions i made are ok. other decisions, i was really stupid. [indiscernible] mr. ghosn: [speaking foreign language] mr. ghosn, "new york times." do you really think you can tear your name in front of an international as you can tear your name in front of an international -- you can tear your name in front of

thanks christine. and finally general motors is planning to unveil a brand new all electric pick up truck under the branding of hummer according to a report from the wall street journal now according to these reports the new hummer truck well hit dealerships in 2022 under the g m c brandon at this time it doesn't appear that there will be a full revival of the hummer line a bessie viz which was they each one h 2 n h 3 now previous versions of the massive asked you be were based on military humvees geom also sold to smaller versions branded as i said they each to an age 3 now the brand went defunct in 2010 follow in the global financial crisis crisis which set fuel prices skyrocketing and resulted in a bail out for general motors and several other automakers here in the united states now the new evie version of the hummer is part of g.m. as multi $1000000000.00 plane to release 20 bran new evey's by 2023 of the new vehicle will apparently get a star studded roll out during this year's super bowl with an ad featuring n.b.a. superstar le bron james now kristie i do find it interesting becaus

the dow jones lost 233 points and the nasdaq dropped 71 points general motors says a recent 40 day strikethe company financially. gm says it sold 25% fewer vehicles to dealerships in the last 3 months of the year. the strike stopped production at us factories from september the 16 to october, the 25th. gm says the strike reduced profits by million sales between dealerships to customers fell 6.3% in the quarter. >>warehouse tonight flu season is far from over already there been more than 2 and a half million flu cases, 1300 of those ended in tragedy mandy gaither has tips to keep you healthy in tonight's health minute. >>they can last as late as may in the flu season is already wreaking havoc on the health of millions. the first line of defense is well known washing hands but beyond that atlanta's northside hospital says 5 things can help keep the flu away first get plenty of z's having healthy sleep patterns help your immune system stay strong sue distress, easier said than done, but experts say it's crucial to your health stress makes bodies more susceptible to illnesses like the flu. ge

general motors is releasing its first driverless car.a tech sports wrap and general motors acquired them in 2016. it is now with an estimated 19 million after additional investments. and honda have helped develop the self driving car which is called the origin. his electric vehicle with sliding doors like in some way. sitting for six and no controls whatsoever or driver. the plan is for general motors to build thousands of them. it is setting up a similar to over but much slower rate. you should save a typical family of six for example, over $5000 annually. compared to a traditional car ownership right every. the ability for each is comes has over a million mile lifespan. they delighted to further develop the technology and didn't announce a new target date last night but it has been tested. nearly 180 self driving chevy in the past couple of years and backup drivers on board. only handful of accidents have been reported in so far most of them attributed to human error. they wouldn't send the cars off in their own until are capable of su

that was the general motors president speaking exclusively with bloomberg.up, the world remembers nba legend kobe bryant. we will discuss his legacy on and off the court next. romaine: basketball and sports fans around the world mourning the loss of nba legend kobe bryant, who of course died in that helicopter crash in california yesterday. he began a second career as a filmmaker, author, and investor after his retirement. we want to bring in bloomberg sports business per -- business reporter. pretty prissy and investments in epic games, which makes fortnite. i believe he had a sports drink as well. it seemed like he was kind of on the way to eclipsing in earnings what he made in basketball. >> kobe brought that same intensity, work ethic, passion, obsession for winning, he brought all of that off the court into the investment world. he cofounded a vc fund. games, alibaba, shallot sauce, legalzoom. he invested himself, personally, the sports drink in 2014. coco bond a majority share last year. he has done pretty well for himself just in the investing space.

the big strike with general motors we had things happen that were unusual to happen. including some unbelievably powerful storms. with all of that, had we not done the big raise on interest, i think we would be close to 4, 5,000, 10,000 more points on the dow. that was a killer. they admit to it i was right. i don't want to be right but i was right. >> some is say the uncertainty for ceo's in dealing with china and the future may have hurt capital spending do you expect that to come back? let's talk about phase two if we get a chance >> the big thing, number one, it is a great deal for us important for china. their supply chains were breaking it was tough for them. i was not going to let it happen i still have that negotiating chip we are starting phase two soon the relationship now with china. >> the relationship i have with president xi, president for life not that bad considering he's for china, i'm for us the deal is an incredible deal they'll buy $250 billion it could go higher than that >> i heard it was just going to be ag bots >> this phase one is an incredibl

so passing america's big 3 general motors ford and chrysler well another trade issue remains between the u.s. and other e.u. countries as of today italy is introducing a 3 percent tax on large tech companies it follows france which already introduced a digital tax last year prompting the u.s. to threaten paris with a list of punitive terrorist on goods such as french wine and cheese france argues it wants to hold leading tech companies like apple google amazon and facebook to account under current e.u. law or data collection is not classified as a taxable good even though selling data is central to the business models of u.s. tech companies of a more i'm joined by our correspondent lisa lewis in paris lisa u.s. commerce secretary wilbur ross and france's move to tax digital companies stems from being envious of u.s. companies success is there something to it. well there's that's one way of seeing it really you know france is not really known for being a haven for big large tech companies rather for its literally art and music however the french president over the past a few years he'

speaking of leaving fossil fuels behind, general motors, detroit plant, is set to go all electric nexttted to investing 2.2 billion as paper of a new waiver deal. g.m.'s president spoke with bloomberg monday about what to all-electriche venture. >> we're redoing the whole plant highest tech, most forward-looking plant. everything from our battery trucks to the new cruise origin, which is our autonomous vehicle that we announced last week. a completely retool of the plant, from body shop to general assembly to, you know, the whole infrastructure of the plant. so 2.2 billion dollars in that. then we'll see a lot of money outside the plant from our supply base to support it. lot of jobs. so 2200 jobs will be put back this plant. we couldn't be happier. it's right down the street from the headquarters. and then if you look in warren, we're developing -- warren, up the street, we're really developing all of our new battery chemistry and new technology with electric motors and the whole platforms introducing next year in this plant. >> so when you will be actually rolling those electric vehi

the origin, made by general motors‘ own crews, is also missing pedals and a rear—view mirror. also include honda, hope that multiple—occupancy electric vehicles will reduce emissions, accidents and congestion. and finally, spending too much time on your smartphone? google suggests popping it in an envelope. google envelope is an app used in conjunction with a paper cover you can print out at home. the combo can dumb down your device so it can only make and receive calls or transform it into a photo and video camera with no screen, although it only currently works on the pixel sa. will it work? answers on a postcard. now, much earlier than normal, we find ourselves in oscars season. it's the academy awards in a few weeks‘ time. and between now and then, we are going to be meeting the people behind the most innovative developments in the movies that are up for the awards. and we start with this monster hit. whatever it takes. this show had so many challenges, i think, because it's such a pinnacle of the marvel universe. excuse me, mr hulk? yes. can we get a photo? smart hulk in

the origin, made by general motors‘ own crews, is also missing pedals and a rear—view mirror.include honda, hope that multiple—occupancy electric vehicles will reduce emissions, accidents and congestion. and finally, spending too much time on your smartphone? google suggests popping it in an envelope. google envelope is an app used in conjunction with a paper cover you can print out at home. the combo can dumb down your device so it can only make and receive calls or transform it into a photo and video camera with no screen, although it only currently works on the pixel sa. will it work? answers on a postcard. now, much earlier than normal, we find ourselves in oscars season. it's the academy awards in a few weeks‘ time. and between now and then, we are going to be meeting the people behind the most innovative developments in the movies that are up for the awards. and we start with this monster hit. whatever it takes. this show had so many challenges, i think, because it's such a pinnacle of the marvel universe. excuse me, mr hulk? yes. can we get a photo? smart hulk in partic

the origin, made by general motors‘ own crews, is also missing pedals and a rear—view mirror.e that multiple—occupancy electric vehicles will reduce emissions, accidents and congestion. and finally, spending too much time on your smartphone? google suggests popping it in an envelope. google envelope is an app used in conjunction with a paper cover you can print out at home. the combo can dumb down your device so it can only make and receive calls or transform it into a photo and video camera with no screen, although it only currently works on the pixel 3a. will it work? answer‘s on a postcard. a couple of years ago, amid terrible wildfires in the us, we went on location with california's firefighters to see how they were using tech to battle the blazes. drones have become a big tool in the firefighters‘ arsenal, but for how much longer will they fly? early this month, the trump administration called

who are concerned about the future of jobs for your kids and grandkids, so are we and they said general motors, one of the biggest most iconic corporations in the united states, 7% of the workers were temps and 7% were factory workers and they made $15 an hour and said we've got to fix this. >> host: the strike lasted 40 days including after they were voting on it and went back to work and i can't tell you how many of the different lines i was on where i would talk to the senior people, the members ten, 20, 30 years and to say wha saye you really out here for an assuming he said i'm out here for the temps. they haven't had a raise in a long time. they had a lot of their own concerns that they felt it was so unjust that they were working next to somebody making half of what they were and it was corrosive to the culture of the workplace and they wanted to end the idea of two-tiered wages and temp workers that have few rights and they succeeded in the strike in improving the situation tremendously. so it really was a fight for the whole working class country and not just themselves. it was inspir

sold cars typically for $100,000 per vehicle, in low volumes, to one that aims to be sshlly the general motorss generation, if it can carry out this edition the model three goes for much less than $100,000 on average about $47,000 in the last quarter so, that's the challenge, as they try to grow that volume one of the keys is to bring down costs. that's why elon musk is talking about doing cheaper batteries or putting new technology into that battery pack that's so important of the and factories in china and berlin, they can bring down their production cost. that's been the challenge for the last 16iers for teacher esla. >> mass versus class, what does it imply about profitability what kind of company, five, ten years from now, is tesla, in your view, lookly to be? more of a mass market manufacturer or a class market manufacturer >> i think they'll be more of a mass market manufacturer i mean, they're already putting down -- you can see it the plant in china they'll have one come online in berlin, you have the one out in freemt he has talked about potentially building another one in the easter

. >>> all right important news about general motors detroit amtric plans.illion dollar investment into the future of electric cars next. 't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! about the colonial penn program. here to tell you if you're age 50 to 85 and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 65 and take medications. what's my price? you can get coverage for $9.95 a month. i just turned 80. what's my price? $9.95 a month for you, too. if you're age 50 to 85, call now about th

delivered 100,000 in this quarter, that might not seem like a lot when you compared to ford and general motors them, the highest they've ever had ina single them, the highest they've ever had in a single quarter, and all of the good numbers are picking up. it is producing more and demand is growing in china. the chinese figure is problematic for tesla. it opened a new plant in shanghai and it has seen chinese customers really want a car, but the coronavirus is a problem as they start to expand. they said on their own in they expected to lose between a week and a week and a half of production because of the coronavirus and it could cost some of their earnings for the first quarter of 2020. they we re for the first quarter of 2020. they were uncertain on the effect that would have, and they didn't want to ta ke would have, and they didn't want to take too much of a prediction until they know more. they were trying to be very cautious because they like the results they are seeing so far and they want to remain optimistic. a tale of two earnings between facebook and tesla, zoe thomas in silicon va

. ♪ we have a futuristic car here to talk about from general motors. all new electric shuttle designed to operate without a driver. it doesn't even have a steering wheel. there it is. you are looking at it. the editor is here. tell us about it. what's the deal? >> this is the sort of thing you would expect from a startup like cruise which was a start up before general motors bought it four years ago. it's at the sliding doors, it doesn't have control of a driver. we've seen things like this before, they're trying to get that but the differences, you can focus on the highway. it's a low price that will allow it to have ridesharing services like uber. by the time you put these on the roads, it will be even cheaper. they want to do it by the end of last year but they haven't gotten there yet. they are not going to tell us when and where they will be doing this but pretty soon. >> you mention campus shuttles, that makes sense. maybe require or are people talking about maybe special planes in some areas where it would just be cars like this? no other human

ford and general motors -- pushing tesla up to that level that now exceeds the combined market cap ofwo of the detroit big three. amanda: shares of boeing on the move today. on reportson circulating of the cause of the fatal plane crash in iran. technical causes brought the boeing 737 down. president donald trump said today, he has doubts and u.s. officials seconded that. pres. trump: someone could have made a mistake on the others. and not ourg, system -- it has nothing to do with us. it was flying in a rough neighborhood. someone could have made a mistake. some people say it was mechanical, personally, i don't think that is a question, personally. we will see what happens. 1/3 of the 176an people on board were canadian, and one of the worst aviation disasters to affect canada. ouring us from washington, bloomberg reporter, and daniel, we have already heard from the canadian government that they believe u.s. government official reports that the u.s. officials believe it was a missile. what to expect a prime minister to say? >> presumably he will build on the comments where he said ye

taylor: that was general motor'' president mark reuss.tech earning season is under way. we bring you a few preview of what to expect from apple. that's next. this is bloomberg. ♪ taylor: apple is heading into earnings doing an about face from a year ago. despite c.e.o. cutting his revenue guidance in 2019, analysts are now bullish on 5g, air pods and streaming. let's bring you the details. >> what a difference a year makes. just one year ago, apple c.e.o. tim cook sent a letter to investors, saying the company was cutting its revenue in china. tim cook highlighted a major shortfall in lower iphone revenue due to fewer iphone upgrades than anticipated. air pod sales were also constrained. one year later and wall street has done and about face. they have 27 buys on the company and only seven sells. what are they expecting this time around to fuel the bullish sentiment? surprisingly, iphone revenue. despite the company saying it wants to transition to services, 52% of revenue still comes from the mobile device. morgan stanley is the latest t

. >>> general motors came to san francisco today to unveil a driverless car.etween a minivan and dolly. it is not a concept car, it is a vehicle geared toward ridesharing. it has no vehicle steering wheel or breaks and no backup driver at all. it will be quite a while before driverless cars are commonplace on the road. >> reporter: using what he calls cruise technology, general motors, the 112-year- old worldwide automotive giant, showed us the true cause of the future that will be missing several critical components, like the steering will, a brake pedal and an accelerator. and in its true purpose, it's to be more of a rancher vehicle than personal transportation. ben mckeever is an automatic vehicle researcher. >> certainly the have the potential now and we are very excited about it and we think it's inevitable. >> experts say while intelligent vehicles will prevent a lot of rare enders, other common accidents and lower your insurance rates, those cars are years into the future. >> until there is real connected automated vehicles we will not see the full pot

choices well if we had a system like that a market system in a television ad would consist of say general motors putting up information saying here's what we have for sale a samba an ad for a car is an ad for occurs in football hero you know an actress in the car doing some crazy thing like going up a mountain or something the point is to create uninformed consumers who will make irrational choices that's what advertising is all about. and when the same institutions p.r. . system runs elections they do it the same way. they want to create an uninformed electorate which will make irrational truisms go off against their own interests and we see it every time one of these extravaganzas take place. right after the election. president obama won an award from the advertising industry for the best marketing campaign and was reported here if you go to the international business press executives were euphoric you know they said we've been selling candidates marketing candidates like you know toothpaste ever since reagan and this is the greatest achievement we have i don't usually agree with therapy. and

origin is powered by a brand-new electric platform powered by general motors.se benefits of safety, cleaner air, or less congestion it will only improve life in our cities. that is why we have been saying for a while now that delivering self-driving car's isn't just about winning the tech race, it is about winning the tech race and the trust race. we have seen what happens when transformative technologies are deployed without deep engagement and consideration for the community. we are taking a different approach. is wehat means for you are designing our service to complement mass transit, not to work against it. was people are lucky enough to live in a city with robust public transportation. for those of us that do it does not accomplish every need. -- you see in san francisco the current lines. the orange lines shows what one of our cars does today every day. you could travel from point to point to places that might be currently underserved by mass transit. that could help what is there and do it in a way that is safer and better for your citizens then current

general motors is said to be bringing back that big brand with a twist details coming up. >>> two dowtting new ceos today boeing and nike. we'll talk about the future of both companies with jeff sonnenfeld stay tuned u' wchg orwiyoreatin"wldde exchange" on cnbc. i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals. talk to your advisor or consultant for investment risks and information. talk to your advisor or consultant but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. but how do i know if i'm i'm

. >>> general motors has unveiled a driverless car here in san francisco.cross between a mini van and a trolley. take a look. gm says this production vehicle is geared towards ride sharing. now the vehicle has no steering wheel, no brakes, no driver. a look at the car and why it can be quite awhile before driverless cars will be on the road. >> using what it calls clue technology. gm showed that the true cars of the future will be missing several critical components like the steering wheel, a brake pedal and an accelerator. >> ben mckever is an auto mative at u.c. berkley's advanced technology. >> we're very excited about it and we think it's inevitable. >> experts say while intelligent vehicles will prevent a lot of rear-enders, t- bones and lower your insurance rates, truly driverless cars are years into the future. >> and until there's real true connected auto mated vehicles we're not going to see the full potential. >> that's because in a truly autonomous vehicle cars will have to communicate with every other vehicle out there. roadside sensors, weather

in the 1950's the ceo of general motors could still say what is good for gm, is good for america.here was a little bit of distortion but not that inaccurate. it would be inconceivable today to hear the ceo of goldman sachs or google to say, what is good for goldman sachs is good for america. it would be inconceivable. so even though this is the model that probably should still be worked on, it is a tough left -- tough lift. when you think of trade or immigration policy, the scale question is more sobering for the u.s. we are not able to compete with china at scale. when you have seven of 10 of the largest container shipping ports in china, and the largest in the u.s., los angeles, is only number 11. it is making the world safe for the chinese communist oneworld state at the end of the day, that is what you are tilting towards. iton the immigration issue, is striking how difficult, how much better china is that moving goods and people then we are. has had the greatest internal migration of any country in the world in the last 20, 30 years. if you look at shen jen in southern china,