this is a live look right now at gm's announcement. and he must be listening to maybe some questions. the payback would be much earlier than expected. despite a recent upturn in sales, gm continues to struggle losing more than $1 billion since emerging from bankruptcy in july. reports that they were going to, and they are themselves confirming this. >>> if you want to sell your home, next year might be the time. the national association of realtors says that the home prices are expected to rise about 4%. call that good news in a bad economy. the group says that the extension of home buyer tax credit should continue to boost sales. the prices this year are projected to drop 13%. >>> vegas casinos are -- the hotel casinos are offering big bargains trying to get you back to town. the vegas visitors bureau tells "usa today" that hotel rates are down almost 25% from a year ago. it says that hotels owned by station casinos, for example, you pay $125 for two nights but get $100 for foot and drinks. some rooms at the mirage are going for $86.

affluence has made more mobility which is wonderful, and the way has been gm going to china and saying, buy cars. so, we're at the crossroads where it could be conventional or really could be different. and that is a lot of what the book is about. >> when you say, there are 1 billion motor vehicles on the world's roads today the title of your new book coauthored by daniel spurling says 2 billion cars. >> over the last 100 years, we have invented the car and fueled it with oil and have risen now to a billion. in the next 15 years, we expect to double that to 2 billion and that is the road we're on. it is incredibly fast. >> why? >> for the sake of affluence and mobility. and, right now the only technology we have for mobility is a motor vehicle. >> where is the growth, tro. >> the growth is in china, number one, india, number 2, brazil and russia, also, indonesia, rail, throughout asia, largely throughout asia, and in america we have over one car per person and we will be replacing our cars and that is a big question, what will we replace or cars with, with the 20 mile per gallon suv we

we just heard from gm. and october sales rose 4%. gm also gained market share for the third month in a row. and more good news for ford. u.s. sales rose 3% in october from a year ago. analysts expected a decline. ford also says its market share rose for the 12th time in 13 months. overall, analysts predict october sales will top 10 million vehicles on an analyzed basis, up from about 9 million in september. sales are not up across the board. chrysler sales fell 30% from a year ago. >> all right. there are still plenty of questions about how quickly and strongly the auto industry is recovering. so far, though, so far, so good? >> reporter: well, i don't know if we can go that far. that turns out to be the $62 billion question since that's how much they owe in bailout money. but a new report says the treasury recovery is likely to unveil its money in bailing out the companies. in the meantime, the gao wants to make sure the treasury is keeping a close eye on the investment in gm and chrysler and is recommending that treasury hire peopl

gm says it will start repaying government loans early. anticipating it will pay back $1 billion next month, since the end of 2008, if you are counting, we as taxpayers forked over $50 billion to help gm out. >>> and 2 looks like we're opening up our wallets more. it may about key sign the economy is recovering. retail sales rose more than expected in october. the government reported a 1.4% rise thanks in part to strong demand for cars. nearly half a percent more than most analysts expected. quite a turnaround. retail sales had fallen more than 2% the month before. >>> home owners in financial trouble can still have their homes and credit but acting fast. that is the key. hln expert clark howard tells you how. >> i get a lot of questions from people wanting to know if they negotiate a deal with their mortgage lender, how's that going to affect their credit score and credit standing? well, the three major credit bureaus have put out a report that says that if you just negotiate a new payment plan with your lender, that the affect on your cr

i also think he didn't think he was going to be much of a gm. people to this day are split in this town over whether he used michael jordan, whether michael jordan used him. bottom line is, it takes some huts pa to acquire michael jordan. >> turned out as gm, probably the right thing to do. capital center was his baby. he, he created that. then moving downtown with his own money was a financial risk. i know living in this city, getting anything done in this city is not easy. getting your garbage picked up is not easy, let alone running a school system, police force, everything that goes on in the system. he got this done and when it's done, how proud was he of what happened to that area? >> you know, certainly it seems like ray no-brainer at this point. but at the time, it was a big risk. there were a number of people, closest advisors, thought he was crazy for doing it. and he, he always had a goal to put an arena downtown. that's originally where he wanted to put the capital center back in the '70s and they couldn't get a deal done. he an oppo

when you look at the sales of chrysler compared with gm and ford, gm and ford had sales gains in october of this year. chrysler saw sales fall 30% last month compared to a year ago. same with market share. gm and ford increased market share in october, chrysler's fell to 7.9%. falling sales, less product coming in. they need mid size sedans, crossovers. analysts say you have to redesign these european based cars fiat has and make cars americans want to buy. this call going on all day. you can see the updates in our latest story on cnnmoney.com. this company owes the u.s. government about $13 billion in taxpayer money. you will watch how they revamp this company. >> on such a tight, tight, tight budget. thank you so much, poppy. >>> a jut of the peace who refused to marry an interracial couple resigned. this is the word from state officials. keith bardwell says he doesn't regret his decision but he says he was advised to step down. >>> a florida man who thought he won $166 million at a slot machine has settled with the casino which initially refused to pay him. women seabeck says after he

. >> host: that is what to gm, chrysler, aig, fred friday, fannie. >> guest: exactly. one friend vice president at goldman sachs how the times has wall street been bailed out by the federal government? they will say one. last year. but the reality is when you look at the beginning of the clinton years, wall street goldman sachs goes in big for mexican bonds in the next king government says we cannot build them -- by then. >> host: why would wall street want to buy something that is not a good investment? they are in sharp. they would not buy bad stuff >> guest: they do because the profit is a function of risk part of you want to make a big returner wall street and make big risk of a that is okay but capitalism needs to be about profit and loss. with the clinton administration and mexico 94, russia 96, big and derivatives in asia and 98 come a long term capital management, brazil, each one the big wall street investment houses route overseas. >> was a problem the federal government did not regulate that enough? but they were making while that's prevented they think they

that's what led to gm. that's what led to christ but that's led to all of these. exactly. here's a question i asked a lot of people. the vice president of goldman sachs-how may times does the big wall street investment houses, common times had they been bailed out by the federal government? >> lasher was the only time. the reality is when you look back at the beginning of the clinton years, 1994, wall street goldman sachs gosen big for mexican bonds. the maximum under mexican government says we can't pay them. >> why would wall street want to buy something that is not a good investment? these are the sharp under sharpest attacks. they would want to do that. >> baby. a profit is often a function of risk. so if you want to make a big return on wall street, it will entail taking big risks. that's okay, but capitalism needs to be about profit and loss. what you have happen in the clinton administration in mexico in 1984, in russia in 1986, in asia, they were big in derivatives in asia in 1998. long-term capital management, same thing happened with brazil. each one of these ins

. >>> and gm is now saying it will start paying back more than $6 billion in loans by the end of this year. surprising some. much earlier than expected. gm said it lost more than $1 billion in the most recent quarter but that was far better than previous quarters. >> we feel confident we can begin the repayments as long as we can show the fact that we can pay back this investment. >>> and now we just learned searchers looking for a missing 5-year-old north carolina girl are now looking for her body. police say they have information that shania davis' remains may have been dumped near fayetteville. over the weekend they charged her mother with human trafficking and child abuse involving prostitution. the man whom police say was seen carrying the child into a hotel last week turned himself in. authorities say he admitted taking her but plans to plead not guilty. when that man turn himself in, they dropped charges against this manning the mother's boyfriend who says she was at home when the girl was taken. >>> the weather is getting rough in the midwest. check out the surf here. that is

gm will announce this morning that it will start paying back more than 6 billion of your tax dollars by the end of this year. that's according to several reports and will be much earlier than expected. stronger than expected sales are the reason. now, the government, though, will still own a majority stake in the company. >>> if you want to sell your home, next year might be a good time. home prices are expected to rise about 4%. so, let's call that good news in a bad economy. the group says that the extension of the home buyer tax credit should boost sales and prices this year are projected to drop 13%p. >>> you don't need to be a mover and shaker in hollywood to be a movie mogul, not if you're a master of won fu. stephanie elum has this in the small business success. ♪ dance like michael jackson >> reporter: they started making short films in 2003 while going to college in california. the buzz they created inspired them to form wong fu productions. thousands watch their work on the web. >> not only asian americans but also producing really good stories and showing that asian americ

gm has pointed out that the standards for determining mileage will get 230 miles per gallon of gasoline use. that is because most of the time it will be running on electricity. it will have a range of 16 miles. most daily driving can be done with electricity and recharging the battery at night. prius, toyota will have several hundred plug in hybrids in various commercial fleets and so forth in this country by the end of next month. next year will probably begin marketing on a larger scale. be widely, the chinese term, started marketing hybrids last december. they plan to be in this market next year. warren buffett is one of the stockholders in this company. we are looking at enormous potential for reducing gasoline use by moving to plug in hybrids and all the electric cars. engineers know but not everyone else knows electric motor is three times as efficient as the gasoline engine. moving to electric motors harnesses a lot of inefficiency. it also -- it also means we can be running cars on the electricity equivalent of a gallon of gasoline that costs $0.75. especially if it is wind ener

. >>> gm walking away from a deal to sell opal.ys europe's business environment is improving. >>> and finally, while this is earnings season when companies of all different sectors and sizes show us their reports, millercoors makes beverages. cold beverages. its profit climbed to about $230 million. mostly, coors attributes the strength to cost cutting and to the strength of its brands like mgd 64. what does this stand for? miller genuine draft. ticker symbol is tap. up better than 1%. later on, we will have a cold one, you and me. >> cheers. after the delivery of the baby. >>> we just got in this video of anthony sowell just a moment ago. he's accused of keeping at least ten bodies in his basement. his backyard and his living room. he's being held without bond, but a judge decided to hold him for that and after prosecutors called him an incredibly dangerous threat to the public. police found four more corpses and a skull at his home yesterday. today, authorities will search the walls and floors of the home. we'll keep you posted,

but we have a cash for clunkers for the taxpayer who bailed out gm? host: thanks for your input. this is neal, an independent caller, from new york city. caller: i think that the lobbyist hold the high cards right now because they control the funding on electro events. if we could commandeer -- the funding on a like toelectoral e. i think during time of elections we should have commandeer the airwaves in have mandatory debates. try to basically fund the election processes. then these politicians will not have to worry about raising money all the time. host: here is a headline this morning from "the new york times" -- party for cash, senator max baucus will be busy trying to steer a massive health care reform through congress, but not so busy that he will be able to find time to hit washington's fund raise tdraisiy circuit. here is a republican caller, from mexico. caller: yes, i would like to know, going off the other individual who talked about the lobbyists -- seems like the democrat party if you look at them all, to see what they have in their background, where they're getting

they did business 5 for 10 years ago and that is not the way to do business now. 30 years ago, the gm motors' chevrolet cruz. and that meant that they needed to step up conditions that would allow the plant to be competitive there is a local hospital that we are trying to use the stimulus dollars to preserve 4000 jobs at local hospitals. the groups have been stepping ñrcertainly there are still unis that do not get it, but i can tell you that most of the union's have stepped up and understood that they need to be a partner with management and with the businesses to remain competitive. barista were to be done, but i want to speak very highly for those unions. host: bill is calling from new jersey. caller: thank you for taking my call. although, i do not support fascist c-span television. mayor williams, i am just doing the math here. you want $1 billion to employ several hundred people? guest: not at all, i do not know where you get that figure. caller: that is what the host said guest: no -- caller: but me finish my question, your honor. youngstown, ohio. a 33 million people at 3 $3,0

itself in our office exists as long as we own any of these assets, whether it's a share a stock of gm or citi or aig or the loans are written off or paid back. so i think it's going to be some number of years. >> you also concluded in front an october 5th audit that former treasury secretary paulson and the federal reserve chairman ben bernanke weren't truthful with the american people when they said the t.a.r.p. was meant for healthy banks especially because they knew citigroup and bank of america were in danger of collapse. has the obama administration done a better job based on what you've observed? how would you rate the secretary of the treasury geithner's handling of the program so far? >> i think our criticism of the prior administration, in particular then-secretary paulson was being less than transparent. in saying that the banks were healthy when he had his own private concerns about individual banks -- in coming out and saying that they were healthy was a lack of transparency. it also created unrealistic expectations. it created the expectation that the financial institutio

i spent a lot of time in detroit inside the gm facility and it permiates the spirit of people in detroitso good, good, good. good for them. jen westhoven, thank you. >>> jury selection today starts for a man accused of killing a tv anchor in arkansas. anne pressley found beaten in her bed and later died. curtis lavelle vance pleaded not guilty to all had charges. his attorneys say police coerced him into giving a dna sample before his arrest. >>> senator joe lieberman says he'll do anything he can to stop a health care bill that includes what is called a public option. yesterday he argued that kind of legislation would be worse than not getting a health care bill at all. democratic proposal with the public option expected on the senate floor soon. democrats need lieberman's support here to avoid a republican filibuster. remember he is an independent. >> it's fascinating and, frankly troubling, that it has suddenly become a litmus test. if you're not for government health insurance company, you're suddenly not a good democrat. if you look at the election last year, the presidential electi

good thing at face value, but if you tear it down you think people expecting pensions -- for instance, gm, guys work for eight years and then they are entitled to $80,000 after eight years of working for a company. for instance, the state pensions nationally are 272 trillion dollars in debt. i think the unions, which i equate to the bolsheviks these days, are a problem. my question, do you comment on how the unions have bled the vampire host here in seattle -- some to -- have gone on strike 18 times in six years and bawling through in the towel, moving to south carolina and the union is so good, what now for all of your union thugs? any comment on that? guest: i would not comment on union of, sir, but i would tell you right now you would not be as safe on the back of an airplane if it were not for this union. we fight against people only want to make money and said, no, we want it safely. we were formed in 1931 and almost 60% of the founders lost their lives. our members pay a huge amount of do so we can make airline flying safer. that is what unions do for you. you may have a different t

but we have a cash for clunkers for the taxpayer who bailed out gm? host: thanks for your input. this is neal, an independent caller, from new york city. caller: i think that the lobbyist hold the high cards right now because they control the funding on electro events. if we could commandeer -- the funding on a like toelectoral e. i think during time of elections we should have commandeer the airwaves in have mandatory debates. try to basically fund the election processes. then these politicians will not have to worry about raising money all the time. host: here is a headline this morning from "the new york times" -- party for cash, senator max baucus will be busy trying to steer a massive health care reform through congress, but not so busy that he will be able to find time to hit >> we'll leave "washington journal" at this point to go live to the state department for remarks from richard holbrooke. this is live coverage on c-span. >> with her, of course, was our special representative for afghanistan and pakistan, richard holbrooke. we thought it was important now that there is

really the deal is how will gm and chrysler do? still, right a good sign in detroit. we'll take it. >>> here's other good news in a bad economy. one of the biggest problems in the job market, as we know, that small businesses can't get loans. and this sounds simple, but simplistic, but it's true. if the start-ups can't start up, you can't get a lot of job growth. most of the job growth in recoveries comes from small companies. help on the way from several quarters. first, goldman-sachs under criticism for other things like bonuses. they and warren buffett will invest $500 million to help 10,000 small businesses across the country. so that's one action point. second action point, the urban league also stepping in. they really give loans in, really, urban areas. for very small companies like barber shops, dry cleaners, also doctors' offices as well. those two action points. one talking point. today's president obama's economic team will meet on the same issue. >> very important as you told us before. small businesses comprise a majority, if not close to majority of our

he was the coach and gm of the louisiana ice gators.doesn't like a penalty called on one of his players so just grabs pretty much anything not nailed down. >> was it a garbage can at the start? >> a lot of hockey sticks. it was only his second game coaching. the second time he lost his cool. goes out to a cascade of boos. he was suspended indefinitely from coaching. >>> falcons tight end tony gonzalez and his wife got naked for peta. gonzalez and wife october posed as part of peta's anti-fur campaign saying we'd rather go naked than wear fur. gonzalez's teammates had a bit of a chuckle. gonzalez says it was something they're very passionate ability. others who've done this, dennis rodman, paul mccartney and charlize theron. >> this is from a saudi american soccer league. that guy has got worse moves than saudi arabians. >> this game, soccer players who know it, very low scoring. to get one of those in a matter of seconds is like, wow. >> that's why you can see the look on the goalies face. totally stunned. >> did he blink? >>> to get to

as you know, we were in an environment where chrysler and gm were in different situations. do not think anybody -- i think most people did not expect that we would be able to successfully worked them into and out of a bankruptcy as quickly as we were able to do so. we were trying to trade off a whole bunch of issues. it was not like the president or the administration, generally, has with the bank, nobody wants to be in a bailout situation. the administration acted because the collective judgment was to not act at that time would have had evean even worse spill over into the economy. that is where we were. i am glad with cash for clunkers. >> budget that ruling to the demolition industry with cash for clunkers. >> since you brought up history, it seems that we do not hear what happened before that and only what has happened since then. at the end of the crisis, it was the investment banks and the securitization. this is my observation. how efficient in the 1990's that home ownership was a very good thing? i thought that was a good thing. tax policy consenting mortgages and

it was west, he was a gm a coach and a player.t hug from abe pollin, including his wife. >> we heard from west from the house that abe built. >> i don't have one fond memory. i don't know it was the time he showed up at my wedding or my fare's funeral. this was in kentucky. the time we sat down up in seattle after we won the championship and pe we had to share a beer because they didn't have any champagne. way too many. >> was he one of the most loyal guys you've ever met? >> that goes without saying. i've no doubt that he kept me longer in positions that i -- then he should have. and then longer than i wanted him to. he was loyal. and he understood the whole picture even though he was the type of person that i think never asked a question that he didn't know the answer to. it's a cliche but he did that. >> that's wes unsel senior. george, thank you. find this guy some work will you please. stay with us, "geico sportsnite" coming the night abe pollin passed away. one half owner of the wizards limited partnership. more after this.

and i visited ford, gm, and chrystler. this technology is something that will be in automobiles.but i will just tell you this. that point of view, i think any distraction is a distraction that takes away from driving safely. you can put your phone in this little container that they have in the middle, it does sync. it sync all of your numbers. you can sort of voice. that's a distraction, senator. but that is the latest technology. and all of the car manufacturers have it. i think if you are eating a hamburger, shaving, putting your makeup on, use texting, using a cell phone, talking to somebody, all of these things distraction from your ability to drive safely. >> well, one last thing. you mention as we close, you mention that it does have some -- 21 states ban teen drivers from talking on all cell phones. arkansas is one of those. 17 states school bus drivers from talking on cell phones. arkansas is one of those. 18 states ban all drivers from texting, arkansas is one of those. so i'm glad we're talking about this today. i'm glad we are having this hearing. because it is someth