this new bellwether lao call micah's like general motors ford and the google parent company alphabet to each cell up to eighty thousand south driving cars every year if that proven to be say. the full senate must take up the bill before it becomes law. top wall street bank goldman sachs could become the first major fund to start trading in coins big investors have apparently shown a keen interest in the digital currency sources say goldman would likely create a team to trade the currencies much as authority trades euros and treasury bonds such a move would be a breakthrough for the cyber currency. huge quantities of change are no longer in circulation in germany over eleven billion one cent coins have been produced in the country but eighty percent of them by the bin hold it according to the government the two cent coin has seen a similar fate cent coins totaling two hundred twenty million euros are no longer being used in transactions and critics say making the coins is a waste of metal five eurozone countries have already scrapped the small coins including italy all prices around i

unanimously to enshrine rules for tamas vehicles in federal law that will help comic is like general motors ford and google's parent company alphabet to bring eighty thousand self driving cars onto american roads if they pass safety tests the senate as a whole still has to vote on the proposal before it'll be sent to the u.s. president to be signed into law. earlier this year apple supplier foxconn from taiwan said it planned to build a ten billion dollars factory in the united states but it didn't say exactly where but now the company has revealed its chosen mount pleasant in southeastern wisconsin it's a rural area for now but it's close to both milwaukee and chicago the state promised three billion dollars in incentives for plant which will make flat screen displays foxconn is best known for building apple's i phone but faced criticism for its use of low wage factories in china. european wine production is down and germany alone produces well bottle twenty percent less compared to last year due to unfavorable weather do not despair even though the vendors will most likely be of superior quali

general motors. tesla has come from nothing and overtaken them. in the eyes of investors, it is a more valuable company than fordlishers. so give us the background to this. newspaper publishers here in the uk hate google because they accuse it of parasiting off its content. so if you read a news story on google, you are not paying for the journalism that produced the story. google came out yesterday and said we will meet you slightly half—way. instead of having everything free on google, the first click is free, newspaper publishers will be able to introduce some access via google. the reaction from news corp, the chief executive robert thompson has been one of the biggest critics of google and he welcomed it. he said it was a welcomed it. he said it was a welcome step from google. so if robert thompson is saying it is a good thing, you can bet other newspaper publishers think the same. is this a shift in the attitudes from sn we have got google saying, "we are making things difficult for newspaper publications. " "we are making things difficult for newspaper publications." more able to relate to other commercia

unanimously to enshrine rules for thomas vehicles in federal law that will help carmakers like general motors ford and google's parent company alphabet to bring eighty thousand self driving cars onto american roads if they pass safety to the senate as a whole still has to vote on the proposal before will be sent to the u.s. president to be signed into law. google has announced its first smartphone made a fully in-house pixel to post what google says is the world's highest rated camera as well as an ultra vivid display it's the firm's first foray into hardware since google acquired key parts of taiwanese electronics group page d.c. earlier this year taiwanese electronics manufacturer of foxconn said it planned to build a ten billion dollars factory in the united states but it didn't say exactly where but now the company has revealed its chosen mount pleasant in southeastern wisconsin it's a rural area for now but it's close to both you know walking and she cargo state promised three billion dollars in incentives for the plant which will make flat screen displays foxconn is best known for building a

unanimously to enshrine rules for thomas vehicles in federal law that will help comic is like general motors ford and google's parent company alphabet to bring eighty thousand self self driving cars onto american roads if they pass safety tests the senate as a whole still has to vote on the proposal before it'll be sent to the u.s. president to be signed into law. earlier this year apple supplier fox kong from taiwan said it planned to build a ten billion dollar factory in the united states but it didn't say exactly where but now the company has revealed its chosen mount pleasant in the southeastern wisconsin it's a rural area for now but it's close to both no walk into the chicago state promised three billion dollars in incentives for the company which will make flat screen displays that foxconn is best known for building apple's i phone but faced criticism for its use of low wage factories in china. across europe one production is down in germany produces will bottle twenty percent less compared to last year and that's mainly due to unfavorable weather but do not despair even though the vintage

car manufacturers thirst specially general motors and ford increased sales so much more than expected and with chrysler there was the increase but now. as steep as fear to well we had the huge americans here in the united states sold some car owners had to replace their vehicles and also some car manufacturers offered bigger discounts that is good for sales but not necessarily for profit margins and then also some foreign car companies like for example was a sales increase of a good thirty percent did better than expected so overall a pretty good month and we will see how sustainable that trend is and keeping all four tires on the road a car maker test last dramatically missed the production target for its first car for the mass market how did that go down on wall street well investors here on wall street seem to be pretty forgiving at the moment if you look at the expectations tesla was hoping to produce fifteen hundred cars of the model is three in september but overall they only could finish a good two hundred sixty vehicle of the model three but if you look at other models like th

general motors and ford and others are currently investigating this latest development. 0nline retailing to compete with their traditional bricks—and—mortar competitors. amazon has setup its own bookstores and has bought the grocer whole foods. while china's alibaba is also pushing into the high street retail sector. emma simpson has been speaking with aliba ba about why they're making the move into bricks and mortar stores. no one knows exactly how retail is going to look in five years. i have my view that, as companies use of data and technology and the capabilities we are building in different areas, i think it is going to become more and more serious for a consumer to constantly be interacting with the product. smart phones will become more the foundation, as it is in china and europe. people will find ways to say i have immediate access to see the product physically all virtually or a combination of the two. to what extent is the rule book being ripped up extent is the rule book being ripped up and being rewritten. you have this tremendous shift from online retailers getting into

car manufacturers thirst specially general motors and ford increased sales so much more than expected chrysler there was the increase but now. as steep as a deer too well we have the huge americans here in the united states still some car owners have to replace their vehicles and also some car manufacturers offered bigger discounts that is good for sales but not necessarily for profit margins and then also some foreign car companies like folks watching for example was a sales increase of a good thirty percent did better than expected so overall a pretty good month and we will see how sustainable that trend is and keeping all four tires on the road a car maker test last dramatically missed the production target for its first car for the mass market how did that go down on wall street well investors here on wall street seem to be pretty forgiving at the moment if you look at the expectations tesla it was hoping to produce a fifteen hundred cars of the model is three in september but overall they only could finish a good two hundred sixty vehicle of the model three but if you look at oth

you can see shinzo corporation at the top, mitsubishi, toyota, general motors, ford, nissan, honda, clearlyn the road. michael: there are about 30,000 functions on the bloomberg and we always enjoy showing you our favorites on bloomberg television. maybe they will become your favorites. here is another function you will find useful. quic go. it will lead you to our quick takes, where you can get important context and fast insight into timely topics. here is a quick take from this week. ♪ protection from polio, three and occupations, the second given not less than two weeks after the first. >> a minority of parents believe the most life-saving advance in history does more harm than good. this group seeks to undermine progress against disease in europe and the u.s. and health officials worry about future setbacks. >> two years old, two and a half years old, a child went to have the vaccine and came back and a week later, got a tremendous fever, got very sick, now is autistic. >> >> here is the situation. the vaccine backlash took off in 1998 when the medical journal lancet turned out what tur

this new bellwether lao call micah's like general motors ford and the google parent company alphabet to each so up to eighty thousand south driving cars every year if they're proven to be safe. the full senate must take up the bill before it becomes law. top wall street bank goldman sachs could become the first major firm to start trading in coins big investors have apparently shown a keen interest in the digital currency sources say goldman would likely create a team to trade the currencies much as it already trades heroes and treasury bonds such i mean if would be a breakthrough for the cyber currency. huge quantities of change and no longer in circulation in germany over eleven billion one cent coins have been produced in the country but eighty percent of them by the bin hold it according to the government the two cent coin has seen a similar fate cent coins totaling two hundred twenty million euros are no longer being used in transactions and critics say making the coins is a waste of metal five euro zone countries have already scrapped the small coins including italy all prices

mitsubishi, toyota, general motors, ford, honda motors.s is something that extends to the vehicles on the road. this is the big question everybody is trying to figure out now. the stock market may have been down 20% or whatever, but the question is, how far reaching was this, how many customers are affected by it? we have a number of customers on the record telling us we don't have safety concerns but we will have to look further into it. there's a huge question mark right now. julia: this goes back 10 years. scarlet: raises a lot of questions about the integrity of japanese benefactors. -- manufacturers. takata had their own problems. one, tensis the big of millions of airbags. nissan came out last week and inspectors who are not been approved. -- who had not been improved. this raises questions for customers who are buying these products -- julia: and the reputational damage here and the legal costs as well. >> kobe touches on that in their statement. they feel shamed for this happening, absolutely. scarlet: the dod and the army also cus

unanimously to enshrine rules for autonomous vehicles in a federal law that will help carmakers like general motors ford and google's parent company alphabet to bring eighty thousand self driving cars on to american roads if they possibly safety tests the senate as a whole still has to vote on the proposal before it will be sent to the u.s. president to be signed into law. back here in europe all eyes are on catalonia sumi that's right monica were returning to that story we covered at the top of the show a catalonia as a bid for independence has hit a deadlock spain's highest court says it is banning a parliamentary session in the catalonia that was set for monday on lawmakers were planning to use that session to declare independence from spain and we have been able to get the abuse funny for chara back up for us in barcelona where she's been covering the story high funny so if catalonia is leaders they do go ahead and declare independence from spain on monday especially after this ruling from the constitutional court how is the government in madrid likely to respond. well several legal math as that the

the scandal spread beyond japan with general motors and ford motor launching investigation into the possible effects on their products general motors said wednesday it is investigating aluminum and copper products supplied by kobe steel. shares have been free falling, down more than 20% for the last two days, but it finished a half percentage point higher today. that's all from the nikkei, back to you >>> earnings season is kicking off this week with a number of big banks reporting stateside. jpmorgan and citi group will report today followed by wells fargo and bank of america tomorrow wilfred frost breaks down what to watch >> banks share prices declined for the first two months of q3 this was in large part due to falling yields but also lower guidance particularly within investment banking and trading analysts expect a fall of 20% ye year-on-year or 10% quarter-on-quarter trading will be down about what analysts estimate, around 20% or something like that this quarter, jamie dimon said, going on to say last quarter for us a year ago was a particularly good quarter. citi and bank of america

car manufacturers especially general motors and ford increased sales so much more than expected chrysler there was a sales decrease but not as steep as feared to well we had the huge americans here in the united states sold some car owners had to replace their vehicles and also some car manufacturers offered bigger discounts that is good for sales but not necessarily for profit margins and then also some foreign car companies like for example was a sales increase of a good thirty percent did better than expected so all pretty good months and we will see how sustainable that trend is and keeping all four tires on the road a car maker test last dramatically missed the production target for its first car for the mass market how did that go down on wall street. well investors here on wall street seem to be pretty forgiving at the moment if you look at the expectations tesla was hoping to produce fifteen hundred cars of the model is three in september but overall they only could finish a good two hundred sixty vehicle of the model three but if you look at other models like the x. and the s. t

on things that didn't work out now got rid of mark fields i don't want to be in ford if i have to be in one, general motors but ford has got no mojo whatsoever least of any of the big cap stocks i follow. other than the retailers i hate towel throws, nothing but value subtracted throwers are late to the game, what a shame much more "mad money," including exclusion with constellation branch early on that 1. stocks heading higher on the news can they keep up momentum? what do you should with investments in energy. look at oil services company how it's surviving and thriving in uncertain market and lightning round. stick with cramer. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> how many times does a company need to blow away the numbers before investors and analysts stop underestimating it wondering about constellation brands wine business and hard liquor and high west whisky swed ka vodka. up 36% since the

he has an equal weight regulation on board and general motors -- ford and general motors.autor take on sales. we have seen what the turnaround looks like in september after a pattern of softness. >> absolutely. scott made a good point talking about audi in the market as a whole. it is a plateau. we have seen sales down in the first half of the year. when you see a month like this, you have to say replacing cars damaged in a storm has to be a big factor. we saw it a little sooner and maybe a little bigger because we sought numbers like nissan blowing estimates out of the water. everybody was over there estimates by quite a bit. there has got to be some replacement by the storm pushing this. people did not wake up and by providence decide they need to buy a lot more cars. david: how do you see the industry overall in the united states? is this a turnaround or a temporary blip due to hurricane damage? >> i think it is from demand due to the parking. we will get another read on that. group one automotive has an analyst meeting scheduled this morning. i have spoken to dealers f

as you pointed out in your function there, general motors, ford, all the carmakers have used parts fromsteel. this is a likely spiraling situation on the likes of toshiba or takata there in japan. the stocks aren't going to open limit down, looks that way. let's get to the first word news as we're awaiting kobe steel. let's get to paul allen. paul? paul: thanks, betty, three more companies are leaving cat lone yeah as separate leaders push ahead with independence. the property company colonial their mix are drifting company from catalonia to adrid. the u.k. has been warned it must make the next move on brexit if it wants to talk trade. the european commission spoke after prime minister teresa may's earlier comments in parliament that it was the e.u.'s turn to act. dush o sides have gun a begun a fifth round of negotiations. disagreements over the divorce bill and the rights of e.u. citizens. >> this is not exactly a ballgame. you know, we will not provide comment on comment but i will remind you that there is a clear sequences to these talks. and that has been so far no solution found o

so just a couple of weeks ago by general motors and ford introducing 33 new electric models and making pledges about the degree that it will not rely on internal combustion in the next five to seven years. those are goods x. i assume but i gather you are quite cynical about the u.s. industry on this especially the energy industry. are these going to make a difference? >> i don't view myself as cynical on the history. i am cynical about the actions taken by most of the remaining companies and several of the oil companies particularly exxon mobil which has been financing the climate of denial. they and some others adopted at the playbook. they hired actors and dressed them up and doctors and said i am a doctor and you don't have to worry at all and 100 million people died and they've hired many of the same agents and i am very cynical about that but the industry as a whole into business as a whole, i think they are moving. the number of businesses that have made a commitment to 100% renewable energy, recycling, responsible environmental stewardship, it is pretty inspiring and by the way,

plus adam jonas is here to tell us what he thinks general motors and ford need to do to catch up to tesla and bitcoin now worth more than $5,000 jamie dimon may be changing his tune >>> first, jpmorgan and citi reporting solid earnings but investors were pushing the sell button all day long, citi ending down 3.5%. given the quality of the earnings from citi and jpmorgan and the reaction we saw in their stocks, is earnings season going to shape up to be a sell the news event with stocks at record highs? karen? >> i agree, both earnings were very impressive on a lot of fronts if you really wanted to you could find things to pick out, as, all right, maybe not the best the only thing wrong with those earnings is both stocks ran up 8% or so before earnings is this market pricing in too much you kind of need to be worried i have positions like an alphabet, like a facebook, that have come back a lot at new highs now. and so i gotta think that pretty good earnings are priced in, i gotta think about that how do we hedge against earnings, even if they're good >> exactly, the earnings were good domi

there were announcements a couple of weeks ago by general motors and ford, two of the biggest automakers here. introducing 33 new electric models and making pledges about the degree to which their fleet will not reliant internal combustion in the next five or seven years. those are good steps, i assume. i also gather from the book and the film that you are quite cynical about you on this. especially -- which they are not, this is the vehicle industry. are these real steps? what they really make a difference with the automakers with a announcing? >> i do not view myself as cynical about american industry. i am cynical about the actions taken by most of the remaining coal companies and several of the oil companies, particularly exxon mobil which has been financing -- they and some others took, they adopted the playbook of the tobacco industry. back when the surgeon general linked smoking cigarettes and lung cancer and other diseases. they hired actors and adjust them up as doctors and put them in front of cameras and teleprompters to say i'm a dr. and you don't have to worry. in 100 millio

coming up general motors and ford and the push for electric cars, i'm jim donovan, make it a great dith your life, every single day. so at aetna, we promise to keep finding new ways to join you so nothing gets in your way. because no matter where it is you're going, or whatever stage of life you're in. we believe that when it comes to health. you don't join us. we join you. >>> it is wednesday, october 4th, 2017. welcome back to "cbs this morning." ahead, how the las vegas gunman made up to a dozen rifles mimic fully automatic weapons. also why ford and general motors plan on electric cars for the future. >>> and ed sheeran named one big reason why he's a success, but first here's today's "eye opener" at 8:00. >>> our first look inside the hotel suite. his motive remains a mystery, it is clear he was armed for an even longer siege. >>> investigators finally have a chance to question the key figure. the gunman's girlfriend arrived overnight. >> she's someone who can fill in a lot of blanks. investigators want to get her into the interview room quickly. >> reporter: the sense of grief

like general motors, which as everybody seems to forget, had the first viable lithium ion powered plug-in hybrid with the chevrolet volt general motors is an extremely competent company, as is ford. general motors has demonstrate that had they can master any technology that they set their mind to, and as we now know from the cadillac announcement and the cross-country drives of the new cadillac ct six, general motors leads in vehicle autonomy as well and i've been saying this, you know, repeatedly but it always fell on deaf ears because it was dumb old detroit versus modern smart silicon valley and in the real world that just isn't true. >> bob, if in fact these companies can provide vehicles of any sort that the market demands, they still have to make some kind of a bet on how much the market is going to demand of electric vehicles. gm talking about 20 models by 2023 do you think they have the proportions right? >> well, you know, 20 models it depends on your definition of a model, but that's still going to be a relatively small fraction of the total gm fleet, and gm has promised that they will make money on them. right now hat the cost of lithium ion per kill watt hour without

general motors and ford report better than expected sales figures for september. the stocks headed higher when the opening bell rang this morning. analysts point out that a lot of cars will have to be replaced after hurricane damage in texas and florida. expect sales to go friendship here. checking in on the numbers. right now live look at the dow up almost 61 points. anything on the upside for all three of the indexes is new record territory. 22,618 for the dow up a quarter of a percent. the s and 5500 up as well. the nasdaq slipping a little bit. tiny little bit right now. >>> google unveiled a high tech tool that focuses on health care research. it is designed to help journalists, teachers and researchers better track health problems among other things. it shows the geographic areas where searches for such things as cancer, heart disease, stroke and depression are unusually high. the searches can often help pinpoint problem areas using google's rapidly growing volume of health information. >>> oracle's ceo opened oracle world saying he is going after amazon. he

general motors import for a longer-basis. however, on a short-term basis, we need to be careful. had great runs ford up. p 23% in six weeks they're getting very overbought. look at their rsi charts, relative strength index. general motors at 87 highest it's ever been four of the highest, most overbought it's been since 2013. so they might take a little bit of a breather here kind of reminds me of the virginia tech football team which had a nice run, had some great potential, but may need to take a little breather like the hokies did against clemson there. >> matt ma, that was good for yr final appearance on "trading nation" ever clemson plays big boy football we're getting there. no one is going to beat them mark, are you an owner of general motors >> i'm not gm certainly cheap, forward p/e under seven whereas tesla is pretty expensive we're intrigued by them. some of the recent jump in auto prices has to do with the hurricanes you know, the ism just went above 60 for the first time since five following hurricane kari karina what this is valely a story about is consumer strength consumer balance sheets c

plus adam jonas is here to tell us what he thinks general motors and ford need to do to catch up to tesla

he worked for general motors or ford or toyota. most people like that insurance.r in the test control guy, all those people join associations and get the same purchasing power, but also the thing that insurance big corporations get. neil: you're talking about the security act that would allow some of the flexibility extending each year. it would be curious, we notice, senator, a lot of related stocks were down in largely on fears i think that those who are not in a pool of healthy americans who are able to get a little more flexible coverage elsewhere would be in a pool of their own. that could be decidedly costlier. >> group coverage can't deny anybody. they can discriminate not to accept people with great skin conditions. the other things in economic principles. a year or three people in your business and one gets leukemia, your pool of three is devastated economically because the insurance company would gouge you for that. he joined the national restaurant association, 15 million people in one person gets leukemia come you are hidden in the large group. i promi

general motors, is finally shutting up shop. the plant closure follows the end of manufacturing by toyota and ford in australia.ot surprisingly, a lot of it is down to cost — particularly competition from lower—cost asian neighbours. we have a full report from our sydney correspondent on what caused the auto industry to break down, down under. soldo is the car a whole nation should love, holden has ford decade is traded on being born and bred in australia. —— for decades. in fact, since the 1930s this all—australian brand has been american owned. general motors was enticed by the australian government to kickstart its domestic motor industry and give australians a car they could call their own. it was for australian conditions. they were tough, they were rugged. they could deal with our temperatures. 0utback australia is a harsh place and these things were made tough. for decades, holden and ford battled it out to be the dominant brand. if you wanted a family car, those were your options until asian car manufacturers came along and offered a cheaper alternative. now holden production has reached the end of the

thanks thanks for getting me out of ford and into general motors you spoke highly of the dominican resourcesbe in con ed but i'm in duke >> con ed is better. those are -- actually even america wants your power to be on peter in massachusetts >> caller: okay. [inaudible]. >> general electric? i am shocked the ceo is out there. new c -- ceo coming in it's been a disaster maybe this is a shake up that's necessary. george in florida. >> caller: booyah jim. your opinion on light -- >> this thing is -- it's just fantastic today. i'm going to do more work on lumen tum, because the thing is all over the map and it's up 50%. i'm getting a lot of homework assignments but that's a lot better saying i like or dislike and don't know the answer. joyce in new york. >> caller: happy new year jim. >> same to you >> caller: can i buy gardner denver >> no i'm going to ask you not to do that i'm a believer if oil stocks and you're not going to be in -- it's a better sell than a buy. that ladies and gentlemen is the conclusion of the "lightening round. well, it's earnings season once again. >>yeah. lot of tech c

. >> one thing you pointed out numbers nerds here general motors versus ford, ford with numbers earlieruge winner for gm in the last year, and ford has done nothing does that make ford a buying opportunity. >> i think it does. you know. >> how much is gm up you told me. >> gm up 4 % last year ford absolutely flat gm paying 3.3% dividend to ford's 5% dividend gm has been able to deliver what they have been able to do versus ford is get more technology aspect become cooler more technology focus more on self-driving aspects getting a premium to ford's multiple. >> i am a big fan of the cadillac user interface in automobiles being a weekly render of cars i have driven literally everything you are right about that, coming up everybody the house is set to vote on the measure that would pave the way for trooem will battle between gop and president over 401(k) potentially cutting contribution maximums will should a he dodown. >> we go to white house next, a study finding most particular plans premiums will rise about 34%, the fallout ahead. ♪ ♪ at fidelity, trades are now just $4.95. we cut the

general motors anc roll out all electric vehicles by 2023. two will come in the next 18 months. fords in the future. nick lal thompson is with us. good morning. >> good morning, charlie. >> why are we seeing that happen? that's where the action is and that's where the world is going in terms of electric cars and you need to get on the bandwagon now? >> yes. one of reasons why is tesla has shown you can make it. you can have a battery in the front instead of an explosion battery in the back. he showed everybody can do it. they're like, oh, california is talking about. lots of countries are talking about it. cities are talking about what they're going to do. so people are going to have build the electric cars which means the infrastructure will follow. all the pieces that need to come together are coming together, the cars, the infrastructure. >> the other thing that's happening,'re trying hard including elon musk to develop batteries that will last even longer. >> but tesla has batteries of 330 miles. it keeps improving. >> and a big battery plant going up in las vegas. >> yep. and pl

finally, guys, take a look at shares of ford versus general motors year to date. we're slowing this is, they typically move in tandem, but you can see that general motors has been breaking out much more aggressively than ford over the last, what, month and a half, two months and a lot of that is because people are saying, look, ford's put the building blocks in place to profit on autonomous drive vehicles and electric vehicles we'll find out about ford's plan, again, more details about it in about 20 minutes kelly? >> all right, looking forward to it, phil, thank you very much. brian, before we go, i wanted to squeeze a word in with you about emerging markets today up another 1.5% even with the strong u.s. dollar, that's 30% year to date i mean, we don't see this kind of performance last like that very often >> no. we don't it does, however, seem to come in bursts for the emerging markets and there's a lot that's quite beneficial right now that's going on. this is a first time in a long time where we have growth throughout the world basically, every region is repo

. >> silly cheap tim, thank you very much speaking of general motors general motors revs up a bit, more pain ahead. so dan, gm good? ford trade i saw today wauchbt particularly that much more pain ahead. call volume was five times that of put today and then they sold 14,000 an in december 13 calls at nine cents to open. i expect that's an override. if the stock is at 13 or lower, that trader takes in 126,000 in premium against the long stock position two charts real quickly. the five-year has been a train wreck. it just peaked up. and then the interesting five year gm versus ford. they've been kind of tracking, then you see the break so that's an interesting juxtaposition. >> thank you for bringing us that you can check out the full show every friday at 5:30 p.m >>> many edge funds making that you are comback. we'll tell you what the smart moan is really betting on when "fast money" runs. returns. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have

. >> general motors surging 20% to a new all-time high as ford, toyota, and fiat chrysler are up around 7% gm rallying 11% and getting $5 billion in market cap. dan, i think it might be time to put on the brakes on gm. >> no doubt. mcc, this stock is up, today closing at an all-time high from its post financial crisis ipo highs. up 29% 25% has come since late august last month we saw deutsche bank basically get really excited about the potential with autonomous driving, electric vehicles and the like. and kind of raised their rating on the stock then today, citibank is saying they think that this company, given some of the technology drivers they have, should possibly get a multiple of 15 times earnings currently it's trading seven times. they see a path to $134 in the next few years to me, i just think it's gone too far, too fast. a lot of transition will take time if you think about from an earnings standpoint, earnings are expected to climb year over year this is a cyclical story there's huge secular headwinds in the near term, we have earnings on october 24th i think it sets up as a

risks engulfing japan's third-biggest steelmaker, whose products are used by ford general motors andoeing. confirmed shipments from western australia will hit 330 million metric tons this year, topping what was exported last year. the rail capacity increases and lsports by china's steel mil keep searching. francine: airbus has agreed to acquire a majority stake in the c series program come opening a new front in the battle with boeing over global aircraft sales. benedict, airbus walked away from a similar deal two years ago. so, what's exactly changed? >> so, we raised this question last night. they broke this announcement in the middle of the night and there was a conference call with the ceo. he said times have changed. was not flying and they did not know if it would be popular with customers. now there are more data points with this. theave some issues with larger planes. through. to work the timing at that time did not seem right. also, bombardier is in a bit of a funk. they tried to sell their train business, which did not succeed. the longer we wait, the more bombardier will h

general motors was enticed by the australian government to kick—start its domestic motor industry, and give australians a car they could call their own. for decades, holden and ford family car, those really were your options, until eventually asian car manufacturers came along and offered a cheaper alternative. now, holden production has reached the end of the line here, following ford and toyota in pulling out of australia. the holden brand will continue, but using imported cars. some argue the country's motor industry has been stalling for years. ...this commercial is brought to you by football, meat pies, kangaroos and australia's own car... holden says building cars in australia is no longer economically viable. it seems unlikely that other companies would be willing to take the risk, and so this really could be the end of the road for australia's own car. lucy has rejoined us to talk through the papers. we asked if you would like the new amazon headquarters in your city and how you would sell it. lots of you have been getting in touch. just read out some of the tweets, how many of these amazon jobs will be zero hour contracts? that's a good question. why doe

general motors, is finally shutting up shop. the plant closure follows the end of manufacturing by toyota and ford in australia.ull report from our sydney correspondent on what caused the auto industry to break down, down under. don't forget — you can get in touch with me and some of the team on twitter. i'm @bbcrachelhorne. two former american presidents have made veiled criticisms of the trump presidency. barack 0bama ba rack 0bama has barack 0bama has hit the campaign trailfor barack 0bama has hit the campaign trail for the first barack 0bama has hit the campaign trailfor the first time barack 0bama has hit the campaign trail for the first time since he left the white house, helping a democratic candidate for the post of newjersey governor. he has largely kept away from the public sphere since hillary clinton lost the election, though many demos wish he would be more vocal about president trump. president 0bama still knows how to draw a crowd, and they queued for hours around the block to see him here in virginia, racking the democratic candidate for governor in next month's election. but if they we re next

if you work for a big corporation, let's say you work for ford or general motors, if you get sick, you're erisa plans are protected. that is all we're doing set iting up so individuals get it as well. brian: senator paul, another challenge that some of these insurers might selling plans that are not comprehensive enough to give people coverage that is necessary that was there under obamacare, or was that the intent to loosen up the regulations to give people these very light plans? >> it does loosen up regular lace. it is unknown whether you get some that are catastrophic plans, really high deductible and don't cover much. you may get leverage to get even better plans. for example, the national restaurant association representing 15 million people. if 15 million people represented by one person, my guess the leverage with the insurance company will provide very good insurance. i anticipate people will get very good insurance at much less expensive cost because we're empowering consumer to have negotiating power. brian: of course, you have a lot of respect for the power of congress. you kn

general, and i sponsored this ad. >> this is fox5 news at five. ford motorpany offering free car repairs for its explorer suv s, about the center for auto say ticketed event sayses it's enough. pull more than 1.3 million exploressers off the road. the bigus recall follows a fire storm of concerns over carbon monoxide poise onlt you may remember this involving local police departments as well across the kupt requirement the auto maker is offering free repairs to give motoristses piece of mind. the recall for all explore ers made between 2011 and 2017. suv sur viefers of the las vegas shooting are returning home and reflect on the event. this is husband and wife, lori and todd cammerment the two deputies with the sheriff's department were at the country music festival in las vegasment they were helping others to get to safety when lori was shot in the pelvic area . several surgeries later she is now recovering at the hospital. what the tv is showing you,s it's not exactly what happened. it was a lot worse. literally all hell broke lose and that's when the it w

to mark the closure of the factory last year ford closed its last car manufacturing plant in australia and in two weeks' time. brand name for general motors cars look so. far in the world it will close its last factory and that will mark the end all car manufacturing in australia costs are simply too high compared to manufacturing costs elsewhere in asia but some say the closure of the car industry in australia isn't necessarily. the transition of australia's economy towards more insight. and it also suggests australian workers are getting jobs in. the strings of. russian opposition leader alexina valley has been sentenced to twenty days in jail for organizing an unauthorised rally he's charged with violating laws on public meetings and rallies the valet says that he hopes to run for president against vladimir putin in elections in march russian electoral authorities say that he's barred from standing because of a suspended prison sentence. but overall prize for medicine has been awarded to three u.s. scientists for their research on the biological clock by examining fruit flies jeffrey hall michael. and michael young were able to show ho