is it going the gm route? will it try to create a super battery, or is it going to go the tesla route and go off the shelf? cory: the interesting thing about apple going into this business -- the business it typically has relied on is outsourced component manufacturing. taking the best other companies are making, the best chips from qualcomm or once upon a time ibm or motorola and assembling them together in a way where the software performs the magic. they've changed it a little with their own chip design. do you get a sense they are going to go for their own design and manufacture of a battery? >> the latter part, we don't know. the signs are that they are trying to in-house create and design the battery and the car around it is exciting because already i have been looking at the race between tesla and gm. the 200 mile car is the inflection point, the proving ground that brings the electric age. now you have apple coming in and this is critical mass. was gm really going to be able to match tesla? apple can.

industry. >> my car, in a gm vehicle, >> my car, in a gm vehicle, needs to talk to a toyota needs to a toyota vehicle needs to talk to a ford vehicle needs to talk to a ford vehicle or a hyundai vehicle and vehicle or a hyundai vehicle and they need to send the same type they need to send the same type of messages. of messages. that can't happen if we that can't happen if we >>> >>> develop this technology. develop this technology. >>> john capp also had a hand in >>> john capp also had a hand in building gm's current crash avoidance system. building gm's current crash avoidance system. >> some of those alert systems >> some of those alert systems already exist in more higher end cars. what's different about the already exist in more higher end system that the v to. cars. what's different about the v vehicles offer. system that the v to. >> some v vehicles offer. >> some of our cadillacs have 6 of our cadillacs have 6 radas, two cameras and 8 or 10 ultra sonic sensors. radas, two cameras and 8 or 10 those aren't enough to see ultra sonic sensors. several car lengths ahead of you thos

this is gm's concept car, aided itself aided bio board cameras and v to v technology?take it off, the wheel. >> come 2017, gm starts selling cadillacs with super cruise, a semi automated system that can let the car do much of the driving and take control to avert a crash. >> we found quickly people get a just to the system, are willing to take hands off of the wheel and feet off of the pedals. >> gm is not the only auto maker gearing up for driverless cars. nissan is racing toward a 2020 deadline for a fully autonomous vehicle. and the top resea searcher let me figure out how it works. scanners. >> yes. >> they send out big people withes of laser? >> yes. >> to determine how far the distance is. >> yes. >> and here we have a big radar panel that can see 20 meeters ahead and in the back, another radar panel here and one over here as well. >> yes. yeah. >> they determine. >> centimeters. >> whether objects are approaching a car or going away from the car? and all of these little guys are sonar? >> yes the. >> they send out little trips and then you have cameras on every

back in the u.s., a stock that is in focus is gm. the automaker reported earnings above wall street estimates. boosted their dividends by six cents. delivering it strongest january sales gain in over seven years of over 18% in january. the stock is one of the most active now in the premarket trade. chuck stevens joins us now with more on the outlook of gm. matt miller is also joining me. chuck, much of what people say about auto sales for the last several months is whether cheap gas is juicing up the sales, particularly in trucks. how much longer do you expect that automakers will benefit of cheap gas? >> before i answer the question specifically about gas, looking at 2014, great results. a strong year from our operating performance perspective. led by north american and chinese markets. we expect in the united states for this to be a tailwind as we go into 2015. we expect to take advantage of that as we head through the year. >> you mentioned china, which has been a huge market for gm. we had this news out at the chinese government

a big day in terms of gm shares. is it time for general motors to free up some of the cash it's sitting on. >> phil, stick around. we'll trade gm first on the desk. >> this is sort of interesting, thoe. there's some smart investors. i think from his resume he'd understand the auto business, but this is such a sort of institutionally held name and a retail held name, they together only have 3%? that's going to be very difficult to do. let's say he's successful and gets on the board. i don't know if they mean expanded. that would be one of 15, one of 14. it's an uphill climb and you have to think that the culture at gm is one that they, not that long ago, were facing absolute annihilation. so, why they generate a ton of free cash now but things can change. you can understand them wanting to be conservative with their balance sheet. >> does harry wilson need to be elected to the board? a stock rising enough to make them enough to take notice? >> it's a very self-serving announcement. i think activism has been so hot and

what they want and what this means for gm shareholders. puerto rico bonds hitting record lows.can handle the risk are they a good investment. we speak with one bond fund tied to oversees 11 million muni bonds and want to break into the 1%. start early. details of an interesting new survey all coming up top of the hour. join us on "power lunch." back over to you. >> look forward to that. >>> i want to show you shares of ally financial a bit of a pop. dr. j jon najarian, adding ally financial it to his portfolio mentioning that on the show, replacing it with rig. he is out of transocean, he is into ally and only hope that he gets a little bit of a pop in our portfolio competition. >> i need it. >> you do. >> you have unusual activity as well. >> you bet. in addition to ally today, judge, m pshg el, melco crown, it is a play on gaming in china and macau. take a look at the activity in the february 26 calls because that's where we saw immediately a lot of big activity come in there. they were basically buying them for 45 cents, bought them up to 62 cents in several large blocks, ju

gm recalled 12.5 million vehicles. at least 51 people have been killed. here's jeff glor. >> every time you saw lawyer remark she had a big bright smile on her face. >> reporter: jay and gerri gass' daughter lara died last month inside this saturn ion first, known death linked to faulty gm's switches after the recall started. >> they got off easy. >> jay and jeri accepted the compensation offered in a planned a ministered by ken feinberg. >> in family you made an offer to has turned that offer down. >> that's correct. some have it under advisement, but there is not one either family or injured victim who survived, not one has yet to declared they think they can do better in court and have rejected the offer. >> reporter: gm set aside $400 million for the fund. feinberg has received more than 4,000 claims for death and injuries. hundreds remain under review, no additional claims will be accepted. senators ed markey and richard blumenthal have called on gm to reconsider. gm says they should not extend the deadline again should they in. >> they need to exten

gm says they should not extend the deadline again, should they? >> they need to extend it until they fix every car. there is no reason for that not to happen. >> reporter: multiple criminal investigations continue, a federal grand jury is looking at this, the u.s. attorney's office in new york is looking at this.y why not wait until all that information comes out before closing this fund? >> those investigations may punish general motors. i can't speak for those investigations. this fund is designed with mercy in mind to compensate innocent victims. that's what we're doing. >> reporter: the fund pays out a minimum of $1 million for claims. feinberg is still evaluating the claims that have been submitted. that process will continue through the spring. scott, feinberg told us he expects the death toll will rise above that 51. >> pelley: jeff glor on this investigation from the beginning. jeff, thank you. an important story overseas now. the u.s. has been in a military and diplomatic standoff with iran since the hostage crisis back in 1979. but it tu

we're seeing a nice pop in gm shares today.we're able to break through current resistance levels the stock should continue higher if alone on the optimism that this buyback will go through. >> all right. thanks to you both for talking about this. we'll see what happens with that cash pile. phil lebeau and, of course james ramelli. we have 15 minutes to go before the closing bell. we're looking at gains across the board. apple reaching a record in terms of market cap and its price gain. >> only four members of the dow in negative territory. it's been an up day for most of the session on wall street, but as we've seen recently it says here anything can happen in the final minutes of trade. let's hope we don't plunge 151 points within those last 15 minutes because that really would be pretty down. dominick chu will tell us what's moving next. >>> 12 minutes until the end of trading. cometh the hour cometh the man. dom chu has the main movers. >> let's start with bad news first. on the jobs front, oil field services company hallibu

>> ask gm. once we determine a claim is eligible and we put a dollar value next to it we send it to general motors for payment. general motors has agreed they will abide our determinations and they have done so. there is not one claimant who we have found eligible who has turned down the compensation. >> how many have you turned down? >> hundreds. people who write in and offer a claim without any documentation. we have about 1500 claims were a claimant files a claim and did not attach any documentation. that is going to be ineligible. if they cannot supplement it. i think we have turned down and found in eligible about 400 claims. >> if people agree to all the claims, to the payouts, do you expect no one to sue gm down the road? >> if someone expects -- if someone accepts payment, they waive the right to sue. that is voluntary. i suppose someone could reject our amount and decide to sue. there are hundreds of other claimants who are not eligible because the automobile was not one of our eligible

gm whatever it will take, to make innocent victims who are eligible whole. so you start with knowing the amount of money that's available for distribution. >> let's talk about the basic legal principle that is used here in the united states. in most of the cases that you've dealt with. and in most of the world. and that is, that regardless of the punitive and the part of it that you think is about making right, a wrong often the calculation has something to do with the person's earning potential, what they would have earned had they not died. >> that is exactly correct. in every court in this country throughout the nation, courts ask the very same questions in determining the value of a lost life. one: what would the victim have earned work life over a lifetime of work. but for the tragedy. second: add to that number some amount for pain and suffering of the victim, the emotional distress visited on the survivors, equals a net number and that is the number that is calculated. >> have you ever had -- struggled with the philosophical conversation that says you

gm, good news for investors, hunting for yield, dividends moving.pping stocks. baltic dry index dipping now to 30-year lows. we have dry shipping stocks that have been rallying recently. why? and should you buy

right now, gm slayers on s right now, gm slayers on shares on the screen.us. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. >>> gm out with earnings earlier this morning. let's get to phil with the special guest. is this the first time we've done this with chuck, isn't it ammann just left this year. >> we've been here a few other time. >> but not as cfo. >> no i think we've had him on as cfo. these quarters all run together. let's bring in chuck stevens, the cfo of general motors joining us in detroi

gm is going higher. i believe that.fter all this the bumps in the road, all this headaches that have been going on, the legal issues, over time, the reaction is less and less gm will go higher. >> i love that hopeful attitude, i really do. >> it is a hopeful attitude. >> don't lose that. >> we knew something about these car sales when we got the railroads giving us numbers ahead of time talking about autos. these autos are kicking butt. >> telling me we have to god. a shame. that was solid. very strong. >> coming up, changing the way we fly, being packed like sardines into a tiny seat when you fly. the options may actually be getting worse. we'll explain it in today's worst trade. but next, it's time to head back to the future as we return to our series nasdaq 2.0 party like it's 1999. we talk start-up valuations with the founder and ceo of hinge. we're going to ask him what separates real value from the bubble we saw 15 years ago and how he's capitalizing in the love trade. "halftime" back after this. >>> from air b&b

of gm.letting the natural darwinian forces of the market actually take these assets, completely cleanse them through bankruptcy, the way it should have occurred we took my money as a taxpayer, your money, and allowed it to go through a very evil and unholy restructuring. didn't cleanse -- i look at it this way. claims the legacy cost -- >> mark hang on. kevin to the point that's being made here do you think it would be to the benefit of shareholders now if that cash was returned? they don't return enough cash to the shareholders and after all, it does belong to them. >> the business model is broken. we should have bankrupt that relationship put it through a cleansing so that it started as a new company, competitively on a global basis, and went out there and competed. the reason you're seeing it underperform continually and even now is because it bears legacy costs that were not shed through the bankruptcy. it was a huge mistake and you paid for it as an american taxpayer. i paid for it as a

task force, has nominated himself to be a board member at gm. spoke to mr. wilson about the reasons behind it and what actually came together here in terms of the four hedge funds he's in effect representing as their representative, if you will, on the board of directors though he'd be representing all shareholders. talked about the company's balance sheet. the fact that with 20 billion to $25 billion in cash it becomes a question as well if you can run this company at break even even if a downturn why do you need that much cash in opportunity costs that are -- come along with that let's call it not underlevered but simply not appropriate balance sheet, showing capital discipline perhaps, he would argue, that they need to buy and of course this is key part of the activists if you will of the hedge funds, returnsome of it to shareholders. this is what he said on the balance sheet. the difference between being conservative and being silly. we're clearfully the silly camp. that was mr. wilson's quote to me earlier when we spoke. and many people may

but more deaths linked to gm cars with more to come? >> the list is building and building and building. the official death toll involving gm cars with defective ignition switches has climbed to 56. the new total which is four more from last week is from a list being prepared from compensation experts. each el jiblg death claim is worth at least $1 million. it's established by gm and nearly 500 claims have been filed. experts are going through them one by one. >>> there's been a huge recall of fire extinguishers. kidda is recalling some of their extinguishers. a faulty valve is to blame. recalled models were sold at hardware stores and big box retailers like home depot from august 2013 through last november, 2014. now we have more information from, if you want more information from kidda, you could go to their website or abc 7 news.com. >>> there is a lot for almond growers to be happy about today. the recent rain followed by warm, mild weather is perfect for almonds and the bees that pollinate them. it is perfect timing aside from being

two players buying into gm. is gm a gem or junk? our disappearing photo.king about that, really worth $19 billion, david? david: gem or junk, i love that. eps and revenue look like great numbers to look at, but really sales that drives growth. that is the bottom line. we'll tell you top companies with the biggest sales growth in the past year. >>> also when you think about saving for college, a lot of people think of 529s, but you may miss great alternatives to the program. we'll lay them out step by step straight ahead. >>> we want to hear from you. are you concerned about the rising cost of college? who isn't? is there anything the country can do to combat it? send us a message on facebook or tweet us, @fbnatb. your answers straight up. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start ov

phil, i mean, gm, sort of exhausted that yesterday. tesla, give me the scoop, give me the scoop as you're standing in front of one. >> all right. well we will talk tesla. we had plans to talk about our conversation with harry wilson -- >> do that. >> i didn't know we were doing that first. if that's where you want to go, you're the man, you do it. >> hey, we're on the lakefront, we can have fun. >> first up i had a conversation late yesterday with harry wilson and we talked about why he is nominating himself or wants to nominate himself to the board of general motors representing four funds, basically saying, he believes that there needs to be a shareholder voice on the board of directors for general motors. couple comments stood out where he's coming from and where these hedge funds are coming from. he says there has been insufficient speed and clarity of milestones, it meaning general motors will hit to repay investors. there are no clear metrics. investors are left to say i'm not sure what to expect. at the heart of the battle is gm

gm mike rizzo was impressed. he said i think zim is going to be outstanding at 1st base.great, great athlete. we shall see. that's going to do it for now from warm sunny viera. temperatures in the 80s. don't you just love it? me and my cameraman james do. back to you guys in the studio. >> yeah, just keep rubbing it in there, dave. >>> the wizards have declared themselves as a 3-point -- have never declared themselves as a 3-point shooting team but their best player from beyond the arc bradley beal has been out since february 5th and his absence is being felt from long range. in their two games since returning from the all star break wizards are 7-30 and outscored by 60 points from 3-point range. tomorrow night the wizards host the golden state warriors best team in the western conference. the wiz looking to get out of their slump. bradley beal gives us some insight on what's going on recently. >> i think we've lost that hunger. we lost that chip on our shoulder so to speak. i think we had a great record at one point then we just got comfortable. we're getting too laxed.

shares of gm and chipotle in opposite directions. busy day for earnings. also talk with lending club founder and ceo renaud laplanche, alliance with alibaba. premarket, recovered 70% of losses for the dow in january. 80% of the s&p's losses from last month. a lot more "squawk" on the street from post 9 in a moment. i am never getting married. never. psssssh. guaranteed. you picked a beautiful ring. thank you. we're never having kids. mmm-mmm. breathe. i love it here. we are never moving to the suburbs. we are never getting one of those. we are never having another kid. i'm pregnant. i am never letting go. for all the nevers in life state farm is there. >> demand for products related to frozen helped disney post better than expected results. ceo bob iger addressed the meesele situation last night on "closing bell". >> we have not been able to discern any impact if at all from that. if you look at disneyland the quarter that we're currently in we're up from where we were last year in attendance and in bookings or reservations. so we just haven't seen an impa

gm has willingly gone along.d they will do and they are. >> when you talk with these victims, clearly this is an emotional situation. you mentioned that emotions are running high. in general, summarize what you heard back from these families in terms of how they feel about general motors. >> you don't hear much about -- you hear some criticism of general motors for not disclosing these problems earlier, what have you. most of the families -- and i've seen this in 9/11 and you know from bp most of the families most of the physically injured victims lament their plight. it's not so much gm they focus on. there's some of that. but most of them are emotionally distraught over life's unfairness. >> losing a loved one or a loved one being catastrophically injured. >> exactly. mr. feinberg why me? why did i lose my daughter? 17 years old, 19 years old. she had the world ahead of her. there is no god, mr. feinberg. there is no fairness in this world. it's not so much why it happened but that it happened and now they're b

you got terrible team that the gm has put in there to try to lose.s so bad he just hits the restart button and just starts all over again. he's like a gerbil running in wheel. there's never a finish. you got to come to conclusion. and todd harremins is a good guy. i'm sorry to see him go. they'll get a free age. you watch. >> all right. i hope so. be sure to to tune into fox 29 news at 10:00 on trial for murder cosmetic surgery gone wrong as known as the black madam behind a deadly butt injection. we talk to her family tonight. why they say she was just giving women what they want. >> that does it for us here at 6:00 tonight. have a great night. we'll see you back here at 10:00. inside edition is up next. >>> stolen, lupita nyong'o's $150,000 pearl oscar dress. >> ripped off, right out of her swanky hotel room. >> and oscar winner mo'nique, is she really being blackballed? >> you have to play the game and if you don't play the game, these are the things that can happen. >>> and the woman who lost her leg in the boston marathon bombing, you saw her fa

i talked to gms today they don't have any idea what he's doing.sam first time he's speaking since late june, what is going on? >> what we look at is how do we, um, how do we add to what we're doing in a way that gets us closer to our goal? we don't think it will necessarily be linear, that every year you will add five wins and after 10 years you will get to 50. like that's not the way we sort of think about the world. >>> you know what's amazing what is he adding? he just has draft picks. we'll get on to jonathan papal bon. spoke today at spring training. he waffled a few times. and there are pitchers cole hamels wanting to somewhere and win. cliff lee will wait and see. but what about papelbon? does he want to be here? >> you know my opinion i'm still not so sold on this entire rebuilding. um i know that that's one of the things that myself and some of the veterans are going to be comeing into camp, um, you know want to probably sit down with, um pat and ruben and rhino and say, hey you know, let's get a little bit better feel on the state of the

that is what this gm expo exhibit, a lot of pressure on gm inside to demonstrate to the world what the system of the future is going to look like. the problem is they got the incentive wrong. it couldn't be more diametrically opposed -- california made a bunch of mistakes. they had already been involved in this tug-of-war with the industry over the 1990s and before that was emissions technology. and auto makers understood what the incentives, automakers responded to, the chinese on the other hand, political pressure on the heads of major state-owned enterprises who are not just ceos but politicians, they put a lot of money behind the electric vehicles program, giving huge subsidies, $10,000 from the central government many cities and provinces behind electric vehicles. >> hasn't taken off in the same way. >> that is one of the most fascinating things because it shows propelling these industries forward is not just a question of money or how much money you throw at something but whether you get the incentives. >> there is the third player in this great race which is japan. how did japan

gm planning to produce a tesla fighting all-electric concept car called the chevy bolt. will tesla be a little dented under the wheels of a new and perhaps fierce competitor? big-name stocks in the spotlight on the story. so is jeff flock live from the auto show there. the gossip must be flying, jeff. >> reporter: tesla is not here, liz, unexpected focus on electronic cars. this is a kia trailster, this has a gas powered engine in the front and electric power in the back, unique power train. the big story is the story about the bolt. it was unveiled a month ago at detroit auto show and gm says, alan beatty telling us on fox business this morning, they will make the vehicle, bring it to market and fight the tesla with it. this will sell for about $30,000. much less expensive. 200 mile range, much more than volt. 80% charge in just 30 minutes, but in the face of a huge energy revolution in the u.s., i asked alan beatty, why are you fast tracking an electric car right now? >> i don't know if you noticed, there is an energy revolution in this country that brought gas prices

was gm going to be able to match tesla? apple can. >> i one time decided i've got to find some other crazy bet against something that's not going to work. there's got to be a publicly traded battery company that my firm is not already short. i did a search and found we're already short every single one and every single one worked out to be a pie in the sky promise or a stock fraud outright. is that the nature of this battery business? and it's going to limit -- we look at tesla's car sales you can see the limitations of the market. they're selling more cars than they ever have before but it's not a big number. and in a lot of markets it's already slowing down. i'm wondering if the better battery technology is never going to work out. like perpetual motion or something. >> batteries have been a special province of exaggerators and husmters. this is the -- thomas edison said this back in the 1920s. 100 years later it's the same. in the book there is an inflection point where pursuing everyone is pursuing the race and at one p

gm revving up profits and boosting its dividends. phil lebeau joins us from chicago with details on both of those stories. >> let's start with the ford news which came out early this morning. this once again another expansion by ford, adding jobs, creating more production when it comes to the f series. they're adding 1,550 jobs, about 900 of these are going to be at the kansas city truck plant. they'll have production later on this spring. once that plan the is up alongç with the deerborn truck plant annual production will top 700,000 vehicles every year. the reason they're increasing production, adding more jobs to support that production, f-series sales are soaring. they're just starting to roll into showrooms over the next month and a half. we just talked to the dealer here in chicago who said i just cleaned it up. the average days to turn a vehicle on the lot right now for the new f-series, 12 days. in the industry the average is 65, 70 days. that gives you some indication how big the demand is for the new f-series. general motor

baltimore headed gm assembly plant with several thousand employees. those employment levels of those big plans went down very sharply after the 1960s. starting in the 1970s our economy started to transform in those jobs went elsewhere. steele was produced elsewhere as we bought foreign cars. little by little they have been eroded. today those jobs don't exist. the steel plant is closed and edition and the general motors plant is closed. we have some good news in baltimore. coming in the parking lot where the gm parking lot used to be as an amazon distributorship. it's going to have 800 jobs. that's terrific but those jobs are going to pay maybe a half, maybe a third of what the unionized jobs of the general motors plant pay. we are replacing jobs but not but the kinds of benefits and pay that can support a family easily. so what has happened to baltimore's the old-time factory jobs have been drying up just as they have elsewhere in the country. they are either not here are highly mechanized with one worker operating a million-dollar machine. instead w

he says gm is undervalued.m disclosed a letter from wilson that says he plans to nominate himself to the board and push the company to buy back $8 billion in stock. they have been too low to make changes for products. he has teamed up with david tepper who together earn 2.1% stake. he stoke with mary bara last week about his plans and he says he doesn't think he was aware of the level of shareholder frustration. gm has plans to raise it's dividend by 20% which the board still needs to approve. gm has about $25 billion in cash. >> tesla ceo is threatening to fire overseas executives as weak sales in china cast down on his global expansion plans. he sold 120 cars in china last month well below the targets. he expects sales in china to rival those in u.s. two top china managers left tesla last year and more could lose their jobs. tesla reports fourth quarter and full year results today. investors will be focussing on delivery of the model s. it sold nearly 22,000 through third quarter. it needs to have delivered 1

baltimore had a gm assembly poland that has several -- plant that had several thousand employees. those kinds of big plants went down very sharply after the 1960s. starting in the 1970s when our economy started to transform, those jobs went elsewhere as steel was produced elsewhere, as we bought foreign cars. and little by little, they've been eroded. so today those jobs don't exist. the steel plant has closed, and in addition the general motors plant has closed. we have some good news in baltimore. coming many in the parking lot where the gm plant used to be is a big amazon distribution outlet. that's terrific. but those jobs are going to pay a half or a third of what the unionized job at the general motors plant paid. so their replacing jobs but not with the kind of benefits and pay that can support a family easy. what's happened in baltimore is the old time factory jobs have been drying up. they're either not here or highly mechanized with one worker operating a million dollar machine. instead, we have the new economy, the amazon.com economy, the economy where you're making les

dupont 134, and -- gm has its own issues.y the kind of returns that ab activist would look at and go "mad money", maybe we should get involved in this company. >> i think in terms of yahoo it was heldz up by the chinese assets. i think the activists were tacking what do you do after alababa, and yahoo has been you should attack a number of teams. you can say dan lowe, put marissa in and he is an activist shareholder and took a man out. i think i more complicated than that premise that is attacking women. i think what's more important are two things. one is more diverse companies tend to do better with diversity throughout the entire organization. two, that what sheryl sandberg was talking about recently in a column is the perception of women leaders is more communal less aggressive less risk taking. . >> do you think avon -- that was andrea as well. do you think there's something to that? >> it's an interesting challenge. women are starting to rise to those levels of running these companies, and not all of them are going to b

let's talk about gm. gm truck sales, they jumped 42%, and the estimate on the transaction price, according to true car.com, they say it's going to be $36.173. that's up more than 7% compared to last year. that's why when people look at gm earnings tomorrow, there's going to be a lot of focus on those transaction prices and profitability here in north america. to get back to our original discussion here, brian, low gas prices do not drive auto sales higher. low gas prices do change the type of vehicle that people will ultimately go into the dealership and buy. >> so the new chevy tau hue starts at, what, 50, 55, 60? you could hit 70 probably easy on the tahoe? >> easily. >> i guess i'm just skeptical, phil, that somebody that's going to drop $60,000 on a new 2015 tahoe, by the way, it's a sweet-looking suv, is gas price sensitive. i mean, are people going to really go into debt for $50,000? $60,000 because gas is $1 a gallon lower. >> it's not that their gas price sensitive. what they are is they are looki

and that barra should take a bow for her performance and buy back gm's stock like a banshee. why don't we go to bobby in georgia. bobby? >> caller: hello, jim. thanks for taking my call. >> my pleasure. >> caller: my stock is microsoft, jim. i've owned this stock for a couple years. had a great return. and of course, we love the dividend. i have a couple concerns about one would be the amount of shares that's outstanding, and also the debt. would you hold or sell this stock here? >> all right, unfortunately it's been a real underperformer of late. we think the potential on the balance sheet is quite good. if you back out the cash it looks pretty good meaning you offset the debt that you just raised with the cash. they have a lot of divisions that we spun off. they could rationalize the company. it's not expensive. it did not have a great quarter. it had a worse outlook. i'm urging patience. because there's too much value there and it will be brought out. what happened last time was painful. let's go to hal in south carolina. >> caller: boo-yah, jim. good job on the etfs. >> w

. >> samsung has issued a stubbing warning to customers and life changing inside a gm car. the fight of trenton buzard. captioning sponsored by cbs this is the "cbs evening news." >> hi everyone i'm jeff glor and this is a western edition of the broadcast. if you are anywhere in the middle of the country you are enjoying a serene sunday. anywhere else it gets ict compled. two different -- complicated. >> out west, pineapple express spreading central and northern california oregon and washington with rain. first carter evans. >> for three days san francisco has faced downpours and gale forced winds. keeping utilities youth crews with downed trees and power lines. this is what it looks like inside what's known as the war room at pacific gas and electric where every problem area is plotted out. since the storms first hit more than 300,000 homes and businesses lost power. nearly all have had their electricity restored. the rain also caused long delays at the san francisco airport. with some flights running two and a half hours behind schedule. while northern california is beari