general motors está llamando a revisión unos 450.000 suv y camionetas por un posible fallo del módulolos propietarios de vehículos y el puerto más grande de la costa este se prepara para lo que podría ser la primera huelga en casi 50 años. el puerto de nueva york y nueva jersey esperan un paro total de la asociación internacional de estibadores, la cual representa 85.000 trabajadores. un paro cerraría 5 de los 10 puertos con más movimiento en norteamérica. una posible huelga podría afectar a más del 50% de las importaciones estadounidenses y tener un impacto devastador en las cadenas de suministro, provocando retrasos significativos en la entrega de mercancías y un aumento exponencial de los costos de transporte. yo soy silvana henao y ese es tu informe cnbc para. telemundo. brasil van ness. bienvenidos a palco deportivo. cada año, en el mes de septiembre, la mls arranca su campaña llamada kittredge school cáncer, donde la liga, junto con 1 de sus patrocinadores, hacen donaciones para la investigación del cáncer infantil, pero los equipos también ponen de su parte y por eso hoy los tu

. >> up against contrarian and looking at general motors and you would think general motors is contrarianels that look like they were viable when you get general motors and felt a little bit over 5% this week but is above the 50 day moving average and if you look at what's been going on it in great shape, it's been cutting back on the spending on tvs, it is buying back stock, is paying the dividend and cutting down expenses and it's still up 16% over the past month despite the pullback i think it's one that looks very strong and it trades at only 4.8 times earnings which is ridiculously cheap. jack: thank you for that. >> advanced micro devices is a robin to nvidia's batman nvidia is doing center sales some of that is artificial intelligence, amd a matter of months ago was doing 0 it is now talking about publicly doing more than 4 billion nai chips sales this is a company not to be doing 30 billion in total sales, the profitability from these chips are going to do wonders for earnings growth and amd the stock keeps getting knocked down it's trading similar to nvidia. jack: this is a dip o

it's one of the iconic brands of american business, general motors. company dating back to the early 1900s. but gm's ceo mary barra has her eyes set squarely on the future, an electric future at that. this morning she shares her vision with our kris van cleave. today is the autumnal equinox. the day we say goodbye to summer and hello to fall. we'll be turning over a new leaf as well because today marks the start of our 47th season of "sunday morning," which means that throughout the morning we will be previewing what to expect in music, movies, books, and more. in hollywood -- >> this is donald trump for mr. cohen. thank you so much. >> on television. >> who? >> madeleine. >> what a mess. >> at the nation's museums. the curtain is going up on the new season. a user's guide coming up. >>> demi moore has starred it in any number of hollywood hits, including "ghost," "indecent proposal," "a few good men." in our "sunday profile" she tells tracy smith about the ups and downs she has faced on the road to stardom. >> reporter: demi moore always looked flawl

general motors anuncia planes de recortes, mientras que los amantes del café prepárense para enfrentarplan de recorte y despedir a 1695 empleados en su planta de ensamblaje en kansas. la primera de 2 rondas de despidos comenzará en noviembre. en mayo. gm dijo que detendría la producción del cadillac xt 4 después de enero de 2025 en kansas, lo que resultaría en despidos de empleados de producción hasta que se reanudara la fabricación a fines de 2025. tanto para el chevy volt como para el xt 4. en la misma línea de ensamblaje. según un sondeo de bankrate, un 43% de los estadounidenses tiene al menos una tarjeta de regalo o algún crédito. sin usar. unos 27 mil millones de dólares, o sea 244 $ por persona. esto es más que el promedio de 187 $ el año pasado. así mismo, un 34% de las personas ha perdido dinero de tarjetas de regalo por dejarlas expirar o perderlas. y ese cafecito mañanero le podrá salir más caro pronto, ya que el mal tiempo está amenazando la producción en brasil y vietnam. y así, interrumpiendo el suministro global e impulsando los costos. brasil es responsable por el 40% d

that's having a halo effect on the likes of ford, general motors. but there's more bad news for ford. it's been put on a list of the companies that are most exposed to anything negative that should happen in china, whether tariffs or anything else. ford is down by 2.5%. bernstein last week said general motors should pull out of china completely. now let's look at some other stocks on the move today for our midday movers. c.v.s. health, "the wall street journal" said they're getting for a push there. he has about $700 million in cvs stock. that pushed the stock up more than 3% higher earlier on. it has carried some of the gains now. echostar's dish is being bought by directv. that stock down 12% because it's going to assume some debt. and then zim integrated shipping up almost 6%. it is up 160% year to date. a lot of unknowns regarding shipping around the world and also in the united states when it comes to that port strike that could start just after midnight. so again, east coast labor strike may begin in just a few hours' time. the long shoreman's

the then came the 1st problem, any attempt in decades by an american comic or general motors intellectual there in 1964, jim book, a chevy carver, and fitted it with a back to back. 2 years later, they went back to the drawing board using a 1966 month hot off model to come up with the electro bear to. because i had an induction mode this year and a battery pack upfront and was by far the coolest looking the manufacturer upon to land. the drawback was the back. she was extremely heavy and needed to be placed between the 651-2500 kilometer mark. which meant that the call was effectively a non starter. the gm also try the end of the building and electrified ship it called the electro bed in the least 19 seventies. they were confident that the battery technology had significantly improved by then. this is isaac nickel oxide battery, which has about $2.00 to $2.00 and a half times the energy storage capability of the letter acid batteries, which were formerly the only ones available. so this really is a, is the breakthrough that makes possible and electric car like this. but this fi testing mo

the week started out bumpy already for ford and general motors but today both stocks are heading a bit into sinkholes. what did one thing wall street auto analyst say and do that has shares of votes stalling out. we'll tell you next .x democratic presidential nominee kamala harris set to deliver the economic speech in just the next few minks. we're going to get reaction from the democratic congressman representing s silicon valley, o khanna. the claman countdown returns after this. ♪ ♪ oh in a valley, where the mountains glow ♪ ♪ are the hardest-working folks ♪ ♪ that you ever could know ♪ ♪ now the farmers work the land ♪ ♪ and the land is the home ♪ ♪ the home is the families ♪ ♪ and the families need care ♪ ♪ when care is close ♪ ♪ we all can grow... ♪ ♪ oh... ♪ jpmorganchase invests in healthcare to help create healthier communities. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪ (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man

moments where they a lot of power because if you go on strike, you're an auto worker and you're general motors. you see that strike coming, you increase your production, you store some you know, you can you can plan ahead if you are a farmer and you're growing green beans and your workers go on strike, you lose your green beans, right? that is just your income for a year can be totally gone. so farm actually have power but they rarely get to use it because the federal government has intervened to flood markets with labor and so world war two, that's exactly what happens a you know, increased demand because people are being drafted, they're going off to war jobs. and so farm workers are organizing not necessarily through unions, but just organizing themselves. we're not on that truck. we'll get on that one because that guy, you know, treats us decently and farmers complained bitterly about this and federal government intervene things because it's a war. you know, they need the to be produced. they need the soldiers to be fed. they intervene by saying, okay, we'll bring in foreign workers. and t

steve joins us now. >>> general motors is recalling more than 18,000 commercial vehicles in the u.s. because of an issue with brake lines the recall covers several chevy and gmc cutaways vans. gm dealers will inspect and replace the brake line if necessary. >>> about 2200 set of children's ring sold on amazon are being called because of high level of lead. the consumer safety commission said the recall effects the 36-ring package. sold exclusively on amazon. >>> ohtani's historic home run ball for the 50/50 is up for sale. sports memorabilia auction house will auction off the ball starting on friday with an opening bid of just $500,000. or if you have $4.5 million to spare you have until october 9th to buy it outright, but if the bidding reaches $3 million by that point it will sell to the highest bidder. as a mets fan, you couldn't pay me to take that ball. >>> she's the world's biggest >>> she's the world's biggest star on four when my doctor gave me breztri for my copd things changed for me. breztri gave me better breathing, symptom improvement, and reduced flare-ups. breztri won'

morgan stanley out of jonas, downgraded the space including moving general motors to under perform. that stock down by 5%. it takes us to the "talk of the tape." how much more can stocks rise? tom lee is fund strat's head of research, cnbc contributor. live at post nine. nice to see you. since the fed did the jumbo cut the market hasn't done much except for last thursday. why? >> you know, i think the fed unleashed us on an easing cycle, and that's going to be positive. we know it's actually historically positive, three months, six months out. what stocks do in the next month is a coin flip. i think that's what we're seeing because there's some repositioning that took place. and we're thinking about the 40 days until the election. >> so does the fact that the election is but 40 days away sort of ruin the perfect scenario for stocks to get that post fed bump? >> i think it delays it. just because -- in the conferences that i'vebeen speaking to -- speaking at and seeing wealth managers and family offices, a lot don't want to commit capitaled in after election day. -- capital until aft

role cracking down on chinese software and hardware are sending general motors stocks skidding. that did not take long the 50 basis point cut last week already slashing mortgage rates, next we asked the ceo real estate broker century 21 whether this is the heat needed to finally crack open the frozen housing market, that is next, "the claman countdown" is coming right back the dow with 33-point ♪ maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. [door creaks open] [floor creaks] [door creaks shut] (♪) (♪) (♪) relax, you booked a vrbo. (♪) as the world is growing, it needs copper, scandium, cobalt and gold. these metals power our technology and sustain our everyday lives. doubleview is transitioning from exploration to development. ready to meet the challenge. doubleview. the best ai assistant isn't one that knows the whole world. it's one that knows

general motors vehicles can now charge up at tesla superchargers.hose gm owners will need a specific adapter. it sells for about $225. gm electric car owners will now have access to almost 230,000 fast chargers across north america. now, last year, the white house announced that tesla was making 7500 of its charging stations available to non-tesla owners. by the end of this year. well, we are watching the markets this morning after the federal reserve board cut interest rates by a half percentage point. it's the first rate cut in four years. >> our economy is strong overall and has made significant progress toward our goals over the past two years. the labor market has cooled from its formerly overheated state. inflation has eased substantially from a peak of 7% to an estimated 2.2% as of august. >> now that decision comes after a long period of rate hikes and also pauses aimed at cooling down inflation. and millions of americans may now be trying to take advantage of the interest rate cuts. a big industry to keep an eye on will be real estate. real

wolf research has general motors basically saying long gm, short stellantis.the trade, according to wolf. bottom line is this, melissa. we're looking at a market right now that is in a wait and see mode. and people are interested, it's not like the consumer is saying, we're not buying at all, we're not seeing the level of demand that many people were expecting earlier this year. >> do we need interest rates to fall? and how good, how aggressive are the incentives right now? >> the incentives are improving. the prices are gradually falling. both of those are good news. but in terms of auto loan interest rates, they're sticky, melissa. they don't drop as quickly as the fed cuts rates. it's going to take some time for that to change. >> wow. phil, thank you. phil lebeau. >> you bet. >> gm. gm? you're in it? >> yeah, look, i like gm, i like the profitability, i like the stock. clearly it's had challenges finding the catalyst to match up with the performance dynamics. i would quickly mention, you mentioned hybrids. i think we have to talk about toyota. after a mass

digitalization of the profits of automakers, there are only three traditional companies, these are ford, general motorsl of them are at the very end, the rest are three startups from the usa led by tesla and four companies from china, and - in digitalization and connectivity, they are investing incredibly actively, for understanding the same concern. which, among other things, threatens to connect in russia those popular with us zicр cars, develops, installs its own dragon eagle processor, it is manufactured using a 7-nanometer process technology, is responsible for video processing and neural network tasks, develops its own satellite constellation gspace, now it is two dozen, in the future 240 spacecraft that provide transport around the planet, precise navigation and communication. volvo, lotus and smart, the chinese company has 50% of the last two, but these brands will probably also have to leave the american market. i am writing to you, what more, that i i can also say. oh, if only vtb had been there then, i would have read a different novel. oh, this gift is the key to the world of freedom, and p

later, it will not be accepted to remember it, as about the business with the nazis of ford and general motors about the shady dealings of american bankers on ... the united states of america, in america, by the way, knew already in the forties about germany's plans to take over the whole world to make america again an insignificant second-rate power, then they decided to bet on the soviet union. they did not think then that the soviet union would last long. in 1940, representatives of the british elite, fearing an invasion of the islands, they actually began to evacuate their families to north america. austin, and at the same time the chairman of the joint chiefs of staff of the us armed forces brown, based on the ku klux klan. in the picture is a ukrainian commander with the call sign percent in social networks, better known as percent 88. these numbers are a coded nazi salute. another character, a member of the official ukrainian delegation to a meeting with western allies at the ramstein air base this week, is a big fan of pizza. ukrainian neonations and not think to hide their convictions

cruz, which is owned by general motors, now has a small fleet of cars driving in sunnyvale and mountain view. but there are humans behind the wheel. they're not exactly robotaxis right now. cruz hopes to bring more advanced testing by the end of this year. last october, here's the story we're talking about. the state forced cruz off the road after one of its driverless cars dragged a woman in san francisco after she was struck by another car driven by a human. regulators also accused cruz of trying to hide crucial details about that incident in the city. joining us now is our senior investigative reporter, bigad shaban. bigad has been leading our coverage of both cruz and waymo. bigad why now? why did cruz get the green light, so to speak? and how did they end up in sunnyvale and mountain view? so the answer really takes us back to october raj that incident where, again, a cruz vehicle dragged a woman in san francisco after that woman was actually hit by a human driver as part of a hit and run. but then there were accusations from regulators that cruz actually tried covering up what rea

one thing too quickly considers a size of general motors or u.s. steel. if you could organize them you had a large movement. fast food workers at a mcdonald's or something like that is so difficult. they are so dispersed. often the not working trick with her mcdonald's are more likely to work for franchisees. there is a scattering of different employers. much more difficult. changes in industry were important. i think another thing was were operated by the labor laws written in the 1930s and 40s. 1935 was amended by the hartley act and 47. basically is not been changed since it. work today is different. big employment, often those people were getting jobs like overlapping categories as workers h. labor laws as currently understood. currently understood. characterizes as independent contractor. rather than someone working for this company. >> the act that the widener actor gone too far. had given labor too many rights. we went to robert taft of ohio? set up that president william howard taft who is also been a supreme court chief justice. the taft hartley

difficult time organizing for friday of reasons, but one thing to quickly consider is the size of general motors for u.s. steel.oo if you can organize and then, boom, you a large movement. to organize say as today, fast food workers at a mcdonald's or something like that is a difficult, they are so dispersed. often they are not m working directly for mcdonald's. there are moree likely to work for franchisees who own franchises. so there's a scattering of different employers. much more difficult. so changes in industry were important. i think another thing was that we are still operating by the laborwa laws that were written n the 1930s and '40s. the wagner act of 1935 was amended by what's called a taft-hartley act of 47. 47. basically it hasn't been changed since. and work today is different. we have big employment. often -- digg employment there often is still getting jobs like safe driving uber are not being categorized as workers even. so how do negotiate with uber with labor laws as commander stood characterizes you as independent contractor rather than somebody's working for the company. >

these are ford, general motors and bmw, all of them at the very end.rest are three startups from the united states, led by tesla, and four companies from china. they invest incredibly actively in digitalization and connectivity, for understanding the same concern gili, which among other things threatens to connect in russia the popular zicр cars, are developing and installing their own machines, their own dragon eagle processor, it is manufactured using a 7 nm process technology from. including for video processing and neural network tasks, is developing its own satellite constellation gspace, now there are two dozen, in the future 240 spacecraft, which provide transport throughout planet, precise navigation, communication. the ecosystem also includes meizu smartphones , the flimeos operating system. yes, and jelly is also volvo, lotus and smart cars. the chinese company has 50% of the last two, but these brands will probably have to leave the american market, who are you? i, a traveler, aeronaut, jean ivan, and so we are namesakes, what a fairy tale w

he had 15 years in at general motors in neighboring janesville when the plant announced it would shut down in 2008, the lot where it once stood, still empty. they were very hard times. lots of tears, lots of tears. when republicans want to give to the 1% and the working force is going backwards. i mean, 18 years and i'm still not making what i was was making. i do fear with the middle class shrinking, what that is going to do in general to the economy. harmony township, home to about 2500 people, like much of rock county, it has some of the best crop soil around now. some of that farmland making way for new subdivisions where many commute to nearby cities, mostly white, with a median household income of about $100,000, it is a solidly middle class, rural wisconsin town. name and address, please. they're also known for something else here. whoever gets elected. harmony has voted that way for more than four decades. harmony has picked the presidential winner with only two misses. no, i've been watching that. we caught up with town clerk tim tollefson manning, the polls during the state'

tens of thousands of uaw workers went on strike for more than 40 days at ford stellantis and general motors. federal trade commission says that social media sites are collecting even more data than initially believed. >> about 4 years ago, the ftc started collecting data from 9 companies, including meta tiktok, snapchat and amazon. the new york times is reporting that many of the platform's allowed under age profiles and kept collecting data from them. they also tracked users, education, income and marital status. many of the platform say that they have since updated those data collection policies. >> we are now just 47 days away from the presidential election and new polling shows a tight race in the most important swing states. countdown newsnation's. blake burman has the latest in today's political minute. >> it's the sprint for the swing states like berman with newsnation. former president donald trump and vice president kamala harris are locked in an incredibly close race, especially in the 7 key swing states expected to decide the presidency. a new poll from the hill and emerson colle

their main competitor is general motors cruise, but they've actually been off the road, audrey, since last october, when one of their driverless vehicles inadvertently dragged a woman some 20ft after she was trapped underneath the vehicle. they are just now beginning to come back in a very small scale way, with some testing and mountain view and sunnyvale, and actually they're on really on the receiving end of several government investigations. interestingly, just today, the federal government from nhtsa announced that it has closed its investigation, finding cruise a million and a half dollars and ordering the company to essentially continue to provide proof to the federal government that they're improving the way they report crashes and what happens as a result. all right. well, really appreciate all that information. just the updated information when it comes to our driverless cars here in california. appreciate it. yeah. thanks audrey. bigad. well, no more legacy admissions. the new bill in california and what it means for future college students. also, california's ag goes after

his hands and he cannot make trouble since the 19 eighties and nineties went several general motors plants close. and then most recently, there was daniel with lead in the water that made a lot of people feel like government hasn't been representing them. so here in the t swing state on this 1st appearance, and we'll let you know what he says after he speaks. that must be a lot of attention being paid to this assassination attempt the 2nd and just a 2 months that is, is that something that could potentially alicia? okay. it seems we've lost john, hindrance a little about the crowd and we will try to reconnect my connection with you. this is a crowd that started on the road that came into the parking lot of the venue that has snaked around, making several turns. there have been thousands of people lining up, and this is a venue that holds about 6500 people with a mac. so it is likely that not everyone will get inside, but at massive crowd massive show of support for the former president in his 1st appearance since that 2nd assassination attempt. all right, john, thanks for keeping us update

they really wanted to hear flint was pretty much devastated in the eighty's and ninety's when general motors to count a number several auto plants. and since then they've dealt with all kinds of economic flows and, and let in their water. and so they weren't happy, many of them with their government, he told them you would focus on manufacturing. he said connell, a harris would destroy their manufacturing industry in a matter of years. but he would put a 200 percent tariff on incoming chinese cars. so here in financially devastated slaves, those were well come words. he also made a joke. you can hear people walking out chanting usa. he also talked a little about the attempted assassination. he said he was very grateful to the woman who wrote down the license plates of the, of the government as he drove away from the scene. that's what helps police catch that person. and he said, only consequential presidents get shot at. but he went on to say, we must be brave, or we won't have a country anymore. so a trump a very different trump that we saw on the divan and don't give them the concerns, the

general motor concrete, collab diverse today. it is sort of that a small or 2nd. the color pauses show this up on the card. i think one later for the does you propose it and not the elastic, but assume the commentary you're going to make. so shall on that on one time in the car and say ok, i say they productivity. if it's already out of it to that fi visiting bus because they allocate differently labeled amongst stop us to the don't know if they've got a is there got a lot lot lot passivity date of birth on the bottom of it because used it it onto it was only able to see a dollar grab at the competition, the sort of going to use it on me and below. strategy must be a 2nd 5 dollar competition on we're not getting it on sunday. can listen so right. i get the chance to forward and then it goes through the saw this are legitimate day and i still a book and the purpose of exploiting what are comfortable, what else you need to put the 21 live d motion to set to move on. didn't even get cost better. see international it. so 2020 city default has rock center goal at 70 on

you can imagine that lock, general motors or chase mangheten bank will be nervously biting their nails , fascinated by the fate of the bone ball of the election. these corporations do not like chance and love to plan, they will buy the dealer, and the table, the whole casino, lick. plans to implement, as they say, everyone understands everything, but they continue to pour grist on the mill of political america, but how long will the americans last, especially since the mood in society is softly speaking so-so, this is indicated by a survey by cbs and the yuv company. only 6% of yankees believe that everything is fine in the usa. the overwhelming majority of americans consider the situation in the country bad, 34% of respondents said that things in the country are going very badly, 32% assessed the situation as bad. only 6% believe that everything is fine in the usa. americans are extremely dissatisfied with the state of the economy, as bad and rather bad, it was assessed by 59% of residents. surprisingly, exactly the same number - says another study by the medium portal, are tired of t

general motor concrete, collab diverse today. it is sort of that a small for shuck the gulf was the show this up on the card. i think one later father does you propose it and not the elastic, but i sure do commentary you're going to make. so shall on that on one time in the car and say ok and say they productivity that it's already on it to that fi visiting bus because they advocate differently labeled amongst stop us to the don't know if they've got a is there got a lot lot lot passivity data to another link. i need to look a lot more. it gets used it onto it. it's only able to see a dollar because of the competition, the sort of going to use it only and below strategy bhaskar. second $5.00 competition. we're not going to use it on sunday, can listen so right, i get the chance to forward and then it goes through the saw this are legitimate day and i still a book and the purpose of exploiting what i kind of what i say you need to go to a 21, live d motion to set to move on, didn't even get cost better, safe to national it. so 202

we if we write about things, we must write about princeton in general motors. but actually, that might be cutting off a lot of interesting ways of thinking about the intersections of race, sex, all these things. i wanted to i wanted to ask about the relationship between sexuality and gender and the different labor, the different ways of thinking about queer in quotes, queer and trans labor histories. it sounds from hearing the amazing stories you've recounted, that there's some ways in which there's a lot of overlap between subjects marginalized on the basis of sexuality and those marginalized on the basis of a gender transition in some ways in which there's not. and ryan, your your framework sort of emphasizing bodily discipline and unrestrained bodies can be a really interesting way of linking them. but i could that in some of your accounts there also might be some justification splitting off lgbt, lgb or histories of sexuality, trans histories of labor. so i'd be interested to hear your thoughts on how gender and sexuality you work or don't work as analytic

mi-8, mi-24 engines, small engines for unmanned aerial vehicles were assembled on the motor sich conveyors. in general, the motor sich enterprise so important that at some point it even found itself in the center of the geopolitical confrontation between the usa and china. also, dsvo beijing tried to invest in the plant, apparently , apparently having forgotten who the real boss was in kiev. as a result, the celestial empire lost its money. and the former director of the svoboda enterprise, boguslayev, was looking for options for developing the enterprise and its existence in the new conditions, they negotiated with the chinese, those, as far as is known, they planned to invest 250 million dollars and 150, it seems they even managed to, of course, this could not please americans, boguslayev has been arrested since october of the twenty-second year, the enterprise came under state control. which implies certain security guarantees for the kiev regime from the entire nato bloc, but at the same time, washington is ready to continue to supply the vsu with a wide range of weapons, including extended -range

they taken a pretax it in consumer business as they move away from credit cards with general motors.st: i would say with equity you have a strong third-quarter in 2023, given this quarter, more challenging environment in the month of august, business is trending down. tom: australia's banking regulator has proposed phasing out the kind of securities wiped out after the credit suisse collapse. they say the move will support stability at times of crisis. now we will take you live to preparations for the spacex launch sending astronauts into space, counting down to the launch. life pictures cape canaveral of course in florida and the aims and ambitions of this mission including billionaire jared who paid much of the mission to attempt the first commercial spacewalk. so jared will be amongst two of the astronauts attempting the walk and they will also carry out scientific experiments in the orbit. counting down to the launch expected in the next few hours. we will bring you that live. a couple of delays before but of course they are hoping conditions will allow the launch including for p

million pretax hit in the consumer business as it moves away from its credit card tie up with general motors would say the equities, with the third quarter in 2023, and given this quarter, the knock on environment in the month of august, that is trending down close to 10%. paul: let's recap the china trade data we had a little earlier this hour. a mixed bag, exports accelerating much more than expected at 8.7%. we were looking at 6.6. imports slowed a lot more than expected, half of 1% increase, looking for a 2.5 percent increase. overall the trade balance expanding by $9 billion and thereabouts. that was $9 billion more than expected. the yuan, 71217 against the dollar and the csi 300 is the lowest we've seen in three years. china tv stocks are doing ok. august retail sales boost sentiment. we have retail sales for ev's passing one million units for the first time and reaching if he 3% penetration. that is it from bloomberg markets: asia. horizons middle east & africa coming up next. this is bloomberg. ♪ climb a ladder to clean out your gutters again. you know, that's peace of mind and then

caroline: general motors is in discussions to buy ev batteries that would use technology for china's it's according to sources. gabby is here to break it down. this is apolitical handball, it feels like. gabby: yes, it's very sensitive. we have u.s. and china, the u.s. is trying really hard to decouple from china and chinese companies are trying to access the u.s. market and the automakers, the american automakers are caught in the middle. gm, ford, stellantis, they have poured billions of dollars into making batteries and forming joint ventures with korean battery makers and got a lot of sources in order to do so. but because ev's are not selling well and they have had struggles making batteries, which is normal, making batteries and ev's for the first time in your hundred year history, it's not going to go smoothly. it didn't go smoothly for tesla and doesn't for anybody. they are under pressure. this potential deal which is still tentative, they are still under talks, nothing is finalized, would be a way for american car companies to get access to cheap, really cutting edge batter

it has a market cap that is the size of ford and general motors, so you see how much in terms of leaps makers have come on and how they have had to try to step in. when we see the u.s. taking action, there is concern when it comes to data management and also hacking but this does set the stage for more tensions in this strained u.s.-china geopolitical relationship. ed: tariffs on a physical product like an electric vehicle are easier to understand. what is harder to understand is what is a software curve? what with the mechanism look like? >> i think it is more the software contained inside these products and making these systems particularly around cars and electric vehicles come up which hurts chinese software and hardware cook for example lidar, a key part of the autonomous driver assistance. so we are seeing that there is this reaction that we will wait and see for what china says. once the plans are laid out by washington, it is interesting that the first time we saw these tariffs being hyped by the u.s. and even the u.s. secretary treasury was hopeful that china will not retaliat

layoffs at general motors and ford.s is first year foreign made more cars than domestic automakers. it has been a disaster for this state. we have more people livi living paycheck to paycheck, that is why we'll flip this seat. our polls have been tied for months. we've been outspent, we are still tied going into fall election. people are tired of this direction and we'll win in november. >> todd: be careful, my co-anchor is a fan. >> my wife, by the way, my wife hears me, i might be in trouble at home even. >> todd: bigger issue than the senate. this is close race between you and your opponent, four-point margin, it could be tied and even closer when looking at voters over 50. you are tied. what is it about you that is appealing to those older voters? specifically what issues are you latching on to and getting their attention and potentially their vote? >> cost of goods and services. we have pressure here, to give a great example, mother of four children, i was talking to, what keeps you up at night? she burst into tear

. >> until i $23 a share down a tiny fraction how about ford and general motors. >> this is a china storyer highlighting still lantus who is the maker of jeep huge competition coming from china really under pressure cutting the guidance on the full year that is impacting other carmakers like ford and gm preparing for stiff competition to come. >> any developments in crypto i don't see that much price move. >> we are near records on the equity market although the crypto stocks track their risk on risk off trade in a particular breather bitcoin you see that as well with the crypto related stocks there was a new poll showing crypto voters are split between harris and trump. >> i see the dow is open with a loss of 200 points working to find out which dow stocks are creating the big loss. in the meantime look at the supermicro computer it is down 50 cents, what is the news on the stock split. >> 1041, usually have a huge run-up into stock split but this is a different story for the company through last august there down 30% since then and the big short sell the report that delayed reporting of

specifically the auto industry general motor and vice clear put federal man democrats on that industryre going to be going bankrupt again. i worked at ford motor company for 25 years. and we only averted going bankrupt because we had a great ceo, allen malawi that came over from boeing and he took a $20 billion loan out and then consolidated the company, sold off a lot of things they had gotten involved in and focused on just ford vehicles and got back to our core product. so, i know that the auto industry can go down hill. it goes up and down. cyclically, but, if they force mandates on the auto industry, again, i am telling you a matter of time 2348 they go bankrupt and then depending on china for all the components that go into evs. >> laura: that works out well. that worked out well during covid. brian, we got to roll. we will have you back. the union question, workers out there, pay attention to who is really representing your interest. brian clarified a lot. thank you. now, ahead, how extreme are the democrats? brian was just talking about it. a state rep totally fed up with the w

general motors is on the back foot this morning. stock from underweight to equal weight. this is the second slashing of this stock this week. this is a much more holistic view from morgan stanley, which is the consumers stretched, inventories are on the upper trajectory. and of course, affordability remains out of reach. it is some kind of tipping point in the auto sector. them into action that morgan stanley -- the m&a action that morgan stanley thought was going to come through, those actions have not played out. two strikes on general motors this would. let's talk about kb home. mortgage costs are high, softening demand. boom, look at refinancing today, of 20% last week after we saw those cuts. we've had five straight weeks of mortgage applications rising. this is on the back foot this morning because the numbers are there. if you look through the gardens today and you say, how does the housing market -- through the guidance today and say, how does the housing market shape up? i would you view with doordash, 25% on the upside --

let's move on to general motors, which is lower today.ff about 1,700 workers at its kansas plant. bernstein lowered its rating on the stock. they are warning about earnings headwinds and capital market risks. might be some financing needs coming up here. a little tougher one, will. what do you do with gm? >> i'm going to go ahead and say this is a sell. it's tough, as you just mentioned. you have the chinese software/hardware ban on connected vehicle from the biden administration, which is being proposed. which is a good thing for us here in america, bad for software use in those vehicles. layoffs in a plant in kansas. the stock hasn't gone anywhere in years. by years i mean decades. combined with huge company, a lot of issues with balance sheet, pensions, massive workforce. it's not going to go anywhere. play the range, sell here. it's up, you know, 50-some-odd percent year-to-date so it's an outperformer. i like selling it. maybe buy it at the lower end of the range, if that ever happens. opportunity calls here, so move on from it and s