general motors shares up nearly 5.5%.r 5.5%, perhaps moving higher on some worries from the commerce secretary. howard lutnick that a compromise could be on the way. we're going to talk more about that with some of our guests. another stock to watch this morning. that is blackrock. those shares moving higher after a $23 billion deal to buy ports at the panama canal. it was a move praised by president trump in his speech last night. blackrock shares, as you can see, are up about one and three quarters of 1%. we also want to look at the etfs that are tracking tracking canada, mexico, canada and mexico that are facing 25% tariffs, and also china that's facing an additional 10% tariff. you see right here a bit of a bounce back when it comes to these names as well. the iww that tracks mexico up over one and three quarters of 1%. the iwc that tracks canada up nearly 1%. best performer the ncci that tracks china moving 2.25% higher. also, again, we're getting that chinese stimulus news this morning. perhaps another catalyst movi

entre las marcas que estarÍan sufriendo mayor impacto se encuentran huerva en, ni jeep, general motorstados. >> hay que ver las cifras de y/motors, estimulantes y ford, piden la cita el dÍa de ayer con el presidente trump y les dijeron que estaban muy serios cuando le dijeron seÑor trump, por ahÍ no es, nos va a desmantelar la industria automotriz porque tambiÉn lo sufrÍ no sÓlo consumidores, sino millones de trabajadores en nuestros paÍses. elian: a principios de abril la administraciÓn trump volverÁ evaluar la imposiciÓn de aranceles para esta industria automotriz. la corte suprema rechazÓ hoy la solicitud de la administraciÓn trump para mantener congelados miles de millones de dÓlares en ayuda internacional ya aprobada por el congreso. el fallo con una votaciÓn de 5—4 contÓ con la disidencia de cuatro jueces conservadores, incluyendo al magistrado samuel alito, el tribunal decidiÓ remitir este asunto a distancias inferiores para su revisiÓn. los Ángeles demanda a la empresa que suministra energÍa elÉctrica al sur de california, acusÁndola de ser responsable del incendio ocurrido en

ford and general motors kind of went off a cliff after inauguration, down 10% for general motors, aboutr ford. and here's a quote from the ford ceo before yesterday. tariffs will blow a hole in the industry that we have never seen. and so he said in his speech just now that he had spoken to all three automakers and they were happy. well, a day later they called the white house and said, no, we're really not so happy. we need you to at least pause these tariffs and hopefully get rid of them. >> so trump also touched on how tariffs, a different set of tariffs may affect america's farm workers. let's listen to some of that. >> our new trade policy will also be great for the american farmer i love the farmer. >> yeah. >> who will now be selling into our home market, the usa, because nobody is going to be able to compete with you. >> he later said. >> that farmers go have fun. >> but steve. >> you say that they'll lose a huge market to actually sell their goods. >> well, he may love the farmers. i'm not so sure they love him at the moment. let's just go back to trump one for a second, becaus

. >> hay que ver las cifras de general motors, hay que ver a ford, ellos pidieron la cita el dÍa de ayerstria automotriz porque tambiÉn lo van a sufrir no sÓlo los consumidores si no millones de trabajadores en los tres paÍses. >> a principios de abril administraciÓn de donald trump evaluarÁ la imposiciÓn de aranceles para esta industria automotriz. la corte suprema rechazÓ la solicitud de la administraciÓn de donald trump para mantener congelados miles de millones de dÓlares en ayuda internacional aprobada por el congreso. el fallo con una votaciÓn de 54. con la incidencia de cuatro jueces conservadores, incluyendo el magistrado samuel. el tribunal decidiÓ remitir el asunto a instancias inferiores para su revisiÓn. en los angeles, demanda de empresa que suministra energÍa elÉctrica, acusÁndola de ser responsable del incendio ocurrido en enero pasado. el siniestro dejÓ un saldo de 17 muertos y redujo a cenizas miles de estructuras, una zona muy importante para nuestra comunidad. jaime garcÍa tiene los detalles. jaime: como responsable de causar el fatal incendio que destruyÓ a 9000 resid

the white house says the president spoke with the leaders of stellantis, general motors and ford todayhe granted them a one month exemption from his 25% tariff. there are reports that other industries may be given exemptions, including agriculture. president trump spoke with canadian prime minister justin trudeau by phone today. trudeau has refused to lift canada's retaliatory tariffs so long as the u.s. is taxing canadian goods. >> we do like to go over and spend money in the united states, especially detroit, and go to the games, and that might be a little bit less now because, you know, we want to support our own country right now. and that's it's unfortunate that it's come to this. >> canadian leaders are also fighting back with a bold move. the premier of ontario said the province is removing all u.s. alcohol brands from government run stores. mexico is set to announce its response to the tariffs on sunday. and taking a look at wall street where stocks did rebound today, the dow gained more than 485 points. that's a little more than 1%. the nasdaq added 267 points, or a 1.5% gain.

. >> reporter: trump is pushing ford, general motors, and stellantis to shift all production to the u.s. as early fallout builds from his new 25% tariffs on canada and mexico, plus 20% on goods from china. the president said the countries are not doing enough to stop the flow of fentanyl into the u.s. a point trump says he reiterated to canadian prime minister justin trudeau in a 50-minute call yesterday. trudeau and leaders of the other nations responded with tariffs of their own. on russia's war in ukraine, one day after president trump said ukrainian president volodymyr zelenskyy sent him a letter -- >> the letter reads, ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer. >> reporter: cbs news learned the trump administration has stopped sharing intelligence with ukraine that could help the country target russian forces. hoe -- show some defensive intel is still being shared. no word on when the intelligence sharing or the suspension on military aid to ukraine could resume. meanwhile amid sweeping federal cuts and the government shutdo

still up here, ford and general motors kind of went off a cliff after inauguration, down 10% for general we have never seen. and so he said in his speech just now that he had spoken to all three automakers and they were happy. well, a day later they called the white house and said, no, we're really not so happy. we need you to at least pause these tariffs and hopefully get rid of them. >> so trump also touched. >> on. >> how tariffs, a different set of tariffs may affect america's farm workers. let's listen to some of that. >> our new trade policy will also be great for the american farmer i love the farmer. who will now be selling into our home market, the usa, because nobody is going to be able to compete with you. >> he later. >> said that farmers go. have fun. but steve, you say that they'll lose a huge market to actually sell their goods. >> well, he may love the farmers. i'm not so sure they love him at the moment. let's just go back to trump one for a second, because he also put tariffs on, as you remember then. and there were retaliatory tariffs in 2018 and 19. the government col

he spoke to stellantis, ford and general motors. they requested the call and the president is happy to give a one-month exemption. >> the president just posted he spoke with prime minister trudeau and he is not satisfied with what he said when it comes to fentanyl. but less than 1% of fentanyl came from the northern border. what else does canada need to do? ms. leavitt: the president did just put out a statement on his call with justin trudeau of canada. he said he was not pleased. he said it is not good enough. he told prime minister justin trudeau that directly. the call ended in a somewhat friendly manner, but he is not going to stop spending up for the american people. to answer your question directly when it comes to fentanyl, for the last four years unfortunately our neighbors to the north and the south, canada and mexico, have allowed america to be a dumping ground not just for illegal aliens but for illegal, poisonous, deadly fentanyl is now the number one killer of young people in this country aged 18 to 34. through the nor

this comes after he spoke with the heads of general motors, ford and stellantis earlier today. automakers have urged trump to waive 25% tariffs on mexico and canada on vehicles. shares of those automakers stocks so far trending up between 4 and 8% right now. well, just into our newsroom this midday, an investigation underway into a homicide in the east bay. this happened last night in north oakland just before ten. the citizen app video showing that scene there on 61st street. this is near bushrod park. opd saying that they got a call about a shooting. and when they arrived, they found a man shot. he died at the hospital. anyone with information is asked to call police. well, the supreme court is blocking president trump's move to freeze some funds to the u.s. agency for international development. in a 5 to 4 decision, the court has ruled in favor of an order which would force the white house to pay $2 billion to usaid contractors. specific projects affected in the payment freeze include installation of water pumping stations in ukraine, the supply of medical equipment in vietn

the white house says the president did speak with the leaders of stellantis, general motors and ford. he granted them a one month exemption from his 25% tariff. and san francisco could be turning a page after dozens of businesses have closed or just left the city's downtown area. one popular sf based company, though, is moving in. new tonight fitness tracker app strava has just announced plans for a major expansion, something that businesses and residents in the area see as a major victory. ktvu betty yu has the story. >> this is a representation of just the activities on strava that are happening today. >> the popular fitness tracking app strava celebrated the grand opening of its new global headquarters at 181 fremont, an iconic commercial and residential tower and the third tallest building in the city. >> every time that a business signals their commitment to san francisco and being downtown, i want to celebrate it. >> strava said the new office takes up more than 40,000ft!s across four floors. it's taking over part of the space formerly occupied by meta. it's 175 employees will h

. >> see general. >> motors up 7%. stellantis also a big move to the upside. now this morning in the pre-market we're seeing a bit of a pullback. right now we're seeing general motors down just about 1.5% for down more than 1%. tesla shares pulling back more than 2%. also looking at rivian those shares pulling back 1.5% right now as well. bond yields they continue to tick higher. the fed beige book showing signs of tariff related inflation. take a look at the benchmark. we're seeing the benchmark ten year yield ticking up to just about 4.3 right now. moving up a few basis points from the levels we've seen yesterday. the two year still staying below 4%, something we'll continue to watch. take a look at the dollar. also, it's continuing to move lower on pace for its worst week since november of 2022. take a look at the dollar right now. fractionally lower for the week, down just about 3%. a similar story. for oil wti. of course, that's the us benchmark when it comes to oil hitting multi-year lows right now wti up just about a half percent a. bit of a rebound. bu

following a cool with the ceos of salons is ford and general motors. but the levies on other goods will remain in place. move the canadian government has said will devastate the economies on both countries. we spoke with the big 3 auto dealers. we are going to give a one month exemption on any autos coming through us. m. c. a reciprocal terms will still go into effect on april 2nd. but at the request of the companies associated with us m. c a, the president is giving them an exemption for one month. so they are not an economic disadvantage. when i come down a com, a coast came after a phone call between trump and canadian prime minister justin to go by the say she ever time see, has been following the story from kind of this capital altura. the white house says old trump told justin true that he was in please the canadian government's actions haven't been good enough as far as preventing fentanyl from reaching the us all concerned. although the conversation did end in a somewhat friendly mama, it has been made to buy something from administration offic

. >> reporter: the ceos of the big three american automakers, ford, stellantis, and general motors, making a personal appeal to president trump, calling him to say his 25% tariffs on everything imported from canada and mexico, will devastate their industry. begging him for a reprieve. in his speech to the american people, trump declaring the ceos told him they loved his policies. >> spoke to the majors today, all three, the top people, and they're so excited. >> reporter: but the president tonight agreeing to pause his tariffs for one month on cars coming into the u.s. from canada and mexico. vice president jd vance making it clear it's only a short-term fix. >> the way to avoid application of the tariffs is to have your factory and have your facility in the united states of america. >> reporter: economist warn american businesses pay the tariffs and pass the costs along to consumers by raising prices. by one estimate, the price of a new car could shoot up $3,000. prices expected to spike across the board, on everything from clothing and electronics to fruits and vegetables. i asked the wh

following a quote with a ceos of strategies for general motors, but deliveries on the other goods will remain in place. the canadian government has said to devastate the economies of both countries. we spoke with the big 3 auto dealers. we are going to give a one month exemption on any autos coming through us m. c. a reciprocal terms will still go into effect on april seconds. but at the request of the companies associated with us, m ca, the president is giving them an exemption for one month. so they are not an economic disadvantage. she ever time see is following the story from kind of this capital ultima. he says the worst times has been kind of to rise. my worth was, the white house says, all trump told justin true that he wasn't please. the canadian government's actions hasn't been good enough as far as preventing fentanyl from reaching the us all concerned or. busy the conversation did, and in a somewhat friendly mamma, it has been made by some trump, administration officials. they'll unhappy with some of the rhetoric from the to the government regarding from styles including wha

general motors can produce that, right? that is what you'll support for me for now, but i will have full and it's a bit later later on. thank you very much for that. and that's it for me, elizabeth put on him for this news out, but stay with us on algae 0. we're back in just a few minutes with all the latest developments. thank you for watching the connecting communities. what would you like to see happen for a new syria to emerge? there's no way we could live in the country again where i see it is for displacement is part of our presence. opening up the conversation representation methods. we haven't had the best representation of applicants, so for us as a mouse, so in that put into a representation pockets with fresh perspectives from lesser heard voices. the stream explores the key issues of our time on algebra, as the war and gaza is opened, 30000 children with 15000. you have lost both parents. these children are the strongest of survivors. we see them with the resilience. they carry bright possibilities they deserve.

after speaking to the ceo's of atlantis, ford and general motors, we spoke with the big 3 auto dealers. we are going to give a one month exemption on any autos coming through us m. c. a reciprocal terms will still go into effect on april 2nd. but at the request of the companies associated with us, m. c a, the president is giving them an exemption for one month, so they are not an economic disadvantage. uh for more on that story as well as uh, all the other stories were covering for you on culture 0. you can had online, there it is on your screen. our website is i'll just see where they'll come there. you'll find the days top stories from casa as well. we'll have more news coming up at the top of the hour. sounds faster, people empower, thanks for watching. and bye bye for now. the hod, hating interviews the results of the referenda. 50 and a half percent to $49.00 and a half percent. this is all this officially committed. impossible unless there is some serious interference facing realities. what deposit guaranteed in series of liability democracy based on the approval and based on the

o is this to lance is food and general motors and so cool. big 3 ladies on all the goods will remain in place to move the canadian government and said would devastate the economies of both countries. we spoke with the big 3 auto dealers. we are going to give a one month exemption on any autos coming through us. m. c, a reciprocal terms will still go into effect on april 2nd. but at the request of the companies associated with us m ca, the president is giving them an exemption for one month. so they are not an economic disadvantage. or i climbed down on call and make is came out to a phone call between trump and canadian prime minister, just intrude on wednesday. she have tons, he's been following the story, kind of his capital also. the white house, as the old trump told justin, true that he was in please, the canadian government's actions hasn't been good enough as far as preventing fentanyl from reaching the us all concerned or. busy the conversation did, and in a somewhat friendly mamma, it has been made by some trump, administration offic

percent interest by month for some vehicles for the quote with a see as to that just forward and general motors. so that is on other goods would remain in place. and there's a canadian government to schedule devastating the economies of both countries. as we spoke with the big 3 auto dealers, we are going to give a one month exemption on any autos coming through us. m. c. a reciprocal terrace will still go into effect on april seconds. but at the request of the companies associated with us, i'm ca, the president is giving them an exemption for one month. so they are not an economic disadvantage. but calm down on comic has came off to a phone call between trump and canadian prime minister justin to day on wednesday, she have a time she has been following the story from canada as capital ultima. the white house, as old trump told justin true, that he wasn't please. the canadian government's actions hasn't been good enough as far as preventing sentinel from reaching the us all concerned or. busy the conversation did, and in a somewhat friendly mamma, it has been made to by some trump, administrati

the f i, they will use for our we engines until the parent company general motors can produce the right. that is what you'll support for now we will have another, i'll say, nice a fully demo. thank you very much for that, betsy. for this miss out on knowledge is here, but to stay with us, we'll be back in just a few minutes with more of the days. top stories, thanks a lot. the hard hitting in to be used. the results of the referendum this p and a half percent to $49.00 and a half percent. this is all this the physically impossible, unless there is some serious interference facing realities. what are the guaranteed in series of liability democracy based on the approval and based on representative home sick and tired of spectrum of the people who wish to have the people represented when and said thought providing on, sending these voters or expecting your government to deliver how do you do? well, 1st of all, i think you have to put in solution. is that what you the story on the talk to how does era the a sense of belonging. we always look for ways to be together and the everyday heroes,

during the administration of barack obama when i was in the treasury department working to save general motors and chrysler and millions of american automotive jobs as the companies were staring liquidation in the face. i'd also like to take a moment to share some words. on february 8, at the sheet metal workers union in oakland county, michigan, i was joined by an incredible medical expert from michigan, my friend, dr. angar, who happens to be in this very chamber alongside her family today. she read these words, which i would like to share and read on her behalf, on behalf of the american people in this chamber. the doctor shared, i am a pediatrician and an epidemiologist. after residency, i trained for two years at the c.d.c. and then worked in washington, d.c. at a n.g.o. and at the d.c. health department. she claimed, i'm here today to highlight the impact of recent policies and actions on scientific institutions and how that impacts us in michigan. she said, our scientific institutions are being attacked from many angles, but she wanted to highlight three areas, the spreading of misinfor

the white house says ford, general motors, and stellantis will get a one-month exemption from his importproducts coming in from canada and mexico. the announcement came after the president spoke with the ceos of those companies. cbs' erica brown reports from capitol hill. >> reporter: president trump is granting a temporary tariff exemption for u.s. automakers importing cars from mexico and canada. >> the president is giving them an exemption for one month so they are not an economic disadvantage. >> reporter: on tuesday, president trump imposed a 25% tariff on imports from both countries and doubled the new tariff on chinese goods to 20%. the countries retaliated with tariffs of their own. and as a peace deal to end russia's war with ukraine hangs in the balance, cbs news has learned the trump administration has stopped sharing intelligence that could help ukraine target russian forces. some defense intelligence is still shared to allow ukrainians to protect themselves. >> i'm also working tirelessly to end the savage conflict in ukraine. >> reporter: tuesday night trump said he receive

president trump spoke with the heads of ford and general motors before announcing the one month pauseident is open to a conditional exemptions. the white house press secretary told reporters that the idea is for automakers to use that time to shift more production to the u.s. >> he told them they should get on it. start investing and moving and shift production here to the u.s. where they will pay no tariff. anchor: there has been more global reaction to president trump's tariffs today. mexico's president sent her country could look for other trading partners if necessary. china's embassy to the u.s. posted on social media that if the u.s. once a tariff for, a trade war, or any other kind of war, they are ready to fight to the end. severe weather is battering a large chunk of the country. powerful storms killed at least three people in mississippi while other states are experiencing high winds, downpours, and lizard conditions. -- blizzard conditions. wind and snow in iowa stranded vehicles on highways. state troopers worn residents to stay home. on the east coast, officials in north

president trump made the announcement after speaking with leaders of ford general motors and stellantisutomakers imported significant percentage of cars and parts from canada and mexico. the 2 countries that now need to pay a 25% tax on the items that they export. the united states. canadian province in the u.s. are responding to u.s. tariffs. why moving nearly a billion dollars in american liquor brands from store shelves. this is some video showing some california wines in kentucky bourbon being removed from the shelves in toronto as the first wave of canadian retaliation for tariffs on canadian goods imposed by the president. ontario's top officials have also threatened to cut off electricity to michigan, new york and minnesota or impose a 25 per cent surcharge. the u.s. does not. now. all right. let's talk about the weather now. you know, the rain is supposed to be coming into the of the days of things being pretty dry. yeah, few more showers headed our way. we have some rain today but not for the entire bay area. so really this one headed further south. >> usually it's the north ba

are not at an economic disadvantage so the three companies he spoke to our stellantis, ford and general motorsuested the call, the president is happy to do it, one month exemption. >> reporter: company like walmart asking for suppliers in china to cut prices by 10% the company spokesman telling fox business they are working to keep prices down. hasbro pointing to tariffs is the reason it will affect those companies's bottom line, not clear if they will make price increases, the head of the small business administration says this marks an opportunity for a fundamental shift from external to internal. >> there are going to be a million jobs available within the small business manufacturers. it will strengthen supply chains and national security, we know china is ready to engage in any kind of war and we need to bring those supply chains back and strengthen our main street, this is a great opportunity for rural america. >> reporter: donald trump says that we know tariffs for any products made in the united states but you heard the headlines, howard lutnick saying this extension could expand to al

general motors, for example, has assembly plants for the silverado in on or about with a, canada, fort wayne, indiana. flint, michigan, springfield, ohio, and in mexico. each time something crosses the border, including thousands of individual parts, and the final vehicle a tariff is assessed and paid by the company. now, companies, obviously can choose to absorb these tariff costs. that would lead to eating into their profits, obviously. bigger companies can try to force suppliers to lower their prices, something smaller companies really probably can't do. or, they all pass the cost on to consumers in the form of higher prices. on the international front, president trump's tariffs quickly set off a chain reaction today, mexico's president says she will announce retaliatory tariffs on u.s. goods sunday. canada responded right away with plans to impose 25% tariffs on nearly $100 billion of u.s. imports. and china says it will impose additional tariffs of up to 15% on u.s. farm products on march 10th. as countries vent their frustrations over what they see is an expanding trade war. >> o

automakers who happen to have plants in mexico let's look at auto stocks you see general motors fordou gm down for a half% stellantis down three and half percent and for john 1.7%, tesla is a u.s. carmaker as well tesla has been volatile, take a look at the intraday after powering higher earlier with morgan stanley reinstated the ev maker as the top pick in the automotive sector the brokerage firm has turned around the company said the future value lies in an expansion into a.i., robotics energy storage and autonomous vehicles. tesla has been bitten by the broader selloff and of course who knows, tesla operates in china but they sell the cars made in china to chinese. he also has the germany giga factory as well. were watching all of this. right now tesla down 4% year to date it's been clipped badly about 30% january cells in europe are down more than 50% year-over-year downward trend started laster but accelerated it to 2025 some analyst not morgan stanley but some have attributed the drop to a few factors including elon musk giving more attention to the white house and politics and

that coming up to the spoke to the leaders of four to, general motors and stellantis.he president told them they should shift production here in the u.s. that way they don't have to pay a tariff. the suspect in the deadly bombing at the airport during the chaotic withdrawal from afghanistan makes his first court appearance. following his extradition to the u.s. he was taken into custody over the weekend. he has apparently confessed to his role in the august 20 oh -- 21 suicide bombing that killed 13 service members and of about 170 afghan civilians. the president announced the arrest last night. now back to hannity. >> a big day here in the d.c. swamp where the mayors of several prominent sanctuary cities were called to testify before the house oversight committee. things got a little heated. what a shock. >> would you turn that criminal over to ice? >> this happened outside the city of boston but i can tell you in a city whenever someone commits a crime, whenever there's a criminal warrant we hold them accountable. if ice deems they are dangerous enough to hold and ob

if you look week-to-date general motors is down 4 and one-third percent. the president's constant shape shifting of the tariff position has the warning lights of wall street's fear index blinking wildly. the vix is up 16% and for the week, it has spiked about 25%. the vix is not the only thing blinking lights. wednesday, the "wall street journal" called out the president on his lifting of the auto levy saying this is the second time mr. trump has blinked on tariffs and investors may figure he will do it again in a month. well it only took a day to blink two more times and the market reaction is still pretty harsh. ten of the 11 s&p sectors are swimming in the red. tech consumer, discretionary, and real estate are getting slammed the hardest and investors are steering clear of the buy button, perhaps also because of this. look at the new trade balance data that just came out. the u.s. posted a record $131.4 billion deficit in january compared to the 127.4 billion estimate. the massive trade gap indicating companies scrambled to secure foreign goods ahead of

president agreed to a temporary exemption after speaking with america's big three automakers, ford, general motors stellantis. stellantis issued a statement saying that the company shares the president's goal of bringing more manufacturing and jobs to the u.s, the new york times reports. the three big automakers also want the president to keep the federal relations regulations in place that compel the carmakers to make and sell more evs. starbucks ceo issued a warning to corporate workers. starbucks ceo told them to get back in the office and take responsibility for the improving of the company's performance. the wall street journal reports the comment was made after widespread layoffs. starbucks is in a slump after a year of declining sales, as customers cut back on spending. boycotts as well have impacted starbucks and executive turnover, and workers are describing a new phenomenon called meeting hangovers. it's described as the feeling you get after a meeting leaves you frustrated and exhausted. a new study from harvard business school finds about 90% of employees surveyed experience meeting ha

general motors tried experimented with cruise cars in that city, but they stopped after its cars were crashes in other cities. >> let's check in with sal. yeah, speaking of cars driving around, how's traffic? >> things are okay. pam and dave, good morning to you. let's go right out to what we can see with the dumbarton and the san mateo bridge. on the maps, you can see that traffic looks good. aa traffic camera is showing us that traffic is moving along very well at the bay bridge toll plaza. we do have traffic. that is also looking very good. i want to show you a traffic camera here. it looks like it's raining here in san jose. definitely rainy weather. and that means you need to give yourself extra time on that commute. 550. let's bring steve back in with today's weather. >> you are correct, sir. it is raining in san jose. they've had eight 100 already. all right, let me load this here for you. trying to do too much. what's new? the system is all about areas to the south. if you're north, probably won't get anything. the key, though, is there's also a low dropping in late tonight. t

president claudia sheinbaum today after a call with the big three automakers stellantis, ford and general motors. the president granted them a one month exemption from the new tariffs. >> trump's tariffs are a tax on working and middle class families. the average american household could see an extra $2,000 a year in expenses. >> despite the reprieve. shares in the automakers have been hit hard by the tariff war. >> our time is now 506. sources at the white house say president trump will sign an executive order to dissolve the education department. the draft of that order calls for education secretary linda mcmahon to take all the steps necessary, permitted by law to close the education department, which has 4500 employees. political and legal experts say eliminating an entire cabinet department would need congressional approval. it's doubtful that the trump administration could get the needed 60 senate votes to override a filibuster, but the white house could strip the education department of all funding, staffing and responsibilities without needing the senate's vote of approval. >> the federa

this comes after president trump spoke to leaders of ford, general motors and stellantis wednesday.ation saying this is only a temporary reprieve. they are urging automakers to build more cars in the united states. so that they are less dependent on foreign imports. >>> the trump administration also backtracking on some of the layoffs that hit the centers for disease control. so here's the back story. about 180 people previously laid off are now getting emails saying they are cleared to return to work. latest reversal follows similar moves at other agencies as the white house makes adjustments to their cost cutting push. >>> president trump telling hamas this is their last warning to release hostage. he is sending israel everything they need to quote, finish the job. comes after the white house confirmed u.s. officials have engaged in direct talks with hamas. now that's a break from long-standing policy. >>> well, los angeles county is suing southern california edison alleging the utility's equipment caused the eatton fire in january. the fire claimed the lives of 17 people and dest

that move gives a big three automakers, ford and general motors one month month exception.o is how dealing with new tariff on mexican goods. the musical hamilton is canceling plans to perform at the kennedy center in washington. this comes after president trump ousted its leadership and assumed the role of chair of the board of trust years. hamilton's producer now said we are not acting against his administration but against the partisan policies of the contend center as a result. the interim director ric grenell saying this is a publicity stunt land backfire. the arts are for everyone. back in 2016 you may remember former vice president mike pence was booed from the crowds while attending hamilton. [applause] , boos] >> carley: the cast later read a letter to pence after the show saying, quote: we, sir, are the diverse america who are alarmed and anxious that your new administration will not protect us. so that is how that story is shaping up this morning. guys. >> ainsley: we remember that well, i mean, hamilton has been out for a long time and we have all seen it. it's -

the ceos of the top three american automakers ford, stellantis and general motors, making a personal trump, arguing these tariffs will devastate the industry. president trump agreeing to pause his tariffs on cars coming into the u.s. from canada and mexico for one month. the president is also considering other exemptions, including for eggs and some agricultural products. the president, acknowledging his tariffs might cause inflation. abc's rachel scott asking the white house how long that will last. >> how long should americans expect to pay higher prices again? >> i don't have a crystal ball. but what i can assure the american people is that this president and this administration is doing everything they can. >> president trump and canadian prime minister justin trudeau speaking on the phone yesterday, but no signs of a breakthrough. >> we don't want this. we want to work with you as a friend and ally, and we don't want to see you hurt either. but your government has chosen to do this to you. >> china's foreign minister writing on x, saying, quote, if war is what the u.s. wants, be

. >> and that pause follows a meeting with the big three ford, general motors and stellantis, all those companies concerned about the effect that immediate tariffs would have on domestic manufacturing. ktvu tom vacar monitoring the latest developments. he joins us now live from our newsroom with more. >> tom did not give him much time. the cornerstones of the trump administration's tariffs are to reinvigorate u.s. manufacturing and stem the flow of illegal immigration, stop the flow of the deadly fentanyl trade, and also to lower prices at their core. tariffs are a tax on consumers and a windfall for the u.s. treasury. >> the president does love tariffs, he said. it's one of his favorite words in the english dictionary. and he believes in tariffs because they'll ultimately make america rich again. >> but faced with huge backlash from canada and mexico, mr. trump delayed for a very short time major tariffs on u.s. automakers with factories in those two countries. >> reciprocal tariffs will still go into effect on april 2nd, but at the request of the companies associated with usmca, the p

that's good news for ford and general motors though. those stocks are down about 14% since president trump took office. speaking of tariffs, strong words from the chinese this morning. the chinese embassy in the u.s. tweeting, if war is what the u.s. wants, be it a tariff war, a trade war, or any other type of war, we are ready to fight to the end. defense secretary pete hegseth, responding on fox news. well, we're we're prepared. those who long for peace must prepare for war. we are, we are. that's why we're rebuilding our military. that's why we're reestablishing deterrence. and the warrior ethos is because we live in a dangerous world with powerful, ascendant countries with very different ideologies. back here at home, the exercise app cocompany strava has opened a nw headquarters in san francisco. company ceo says san francisco has served as the launch pad for so many iconic brands, and we aspire to be part of that legacy. a new report says it's san francisco's nightlife that's likely to bounce back first. a company called deputy, w

general motors down 2.8%. both stellantis and ford dropped to multiyear lows. and as the alliance for auto innovation came out, they warned the tariffs will hike vehicle prices by as a much as 25%. and hen we've got bar with clay's predicting in a a note that the tariffs, quote, could wipe out effectively all profits for gm, ford and stellantis. so we're watching that. but we've got to bring in the other u.s. automaker, tesla. those shares are continuing their nose if dive right now, off the lows of the session but still down about 1.25. the stock has gone from $480 in december to $281 and change right now. financials, bring those up. the very sector that's supposed to have the least exposure to tariffs is the worst performing sector today. and if you think that this 2.5% hit looks bad, look at the individual bank stocks, the big ones in that etf. if you hook at everything from goldman sachs is and citigroup, bank of america, wells fargo all in the red, down anywhere there from 2.75% for goldman to ty down more than 5% -- citi down more than 5%, same with bank

general motors hires its first artificial intelligence officer. was the former head of ai for cisco and will focus on integrating autonomous driving across all of gm's lineup. i'm jeff von that your morning report. >> 7.15, with the outside this morning. definitely on the cloudier side of things all across the bay area. your view of san francisco, just one of many views that is showing these mostly cloudy conditions. we saw a line of brief showers rolling through earlier this morning for the most part today is going to be dry for most areas. but as you can see in the north bay, there are a couple of sprinkles that are just barely hanging on as part of this energy that is pushing up along the north coast right now. low pressure is actually going to keep things unsettled the next several days. and with that, we will see a few more sprinkles likely along the coast in in the north bay today. tomorrow itself will bring heavier rainfall mostly to the south of the bay area, as you can see, that energy building in especially for san jose. but some of it r