you can be short gm. i would also look at car max, kmx, which is the largest used car dealer out there. we've seen used car prices come down. a lot of used car owners now are underwater on their debt. so i think that's another place you could play. if for some reason you wanted to be crazy and actually buy something, look at penske auto group. and they tend to be in the jeep area. they would probably do a little bit better. >> it's just impossible to reconcile the valuation differential between gm and tesla. >> well, yeah. >> it really is. gm couldn't be more out of favor. you have to have such a long-term -- the best thing that could happen to gm is a big trough. and people will start to look forward. now all they're doing is looking down. >> up next, lululemon founder taking direct aim at the company's letter. the comments you need to hear. plus, if you're worried about a june swoon, we'll tell you how to beat it with the three stocks that always perform well in the hot summer months. and later, opec's

the question is, where is gm driving? ♪ i am david westin.as been at the heart of american business. for most of the time, it was a dominant force. it was number one in the s&p 500. foreign competition, crippling pension costs, leading to gm going bankrupt in 2009. it emerged a much different, leaner company. we travel to detroit to see where it is going. we want to learn from mary barra and her lieutenants about the changes they are making and if they are the right changes. mary: we are most part of the that ared crossovers the best we have ever produced. , gmc, ourand cadillac brands in china as well. every segment we compete in, we want to win. i would also say we're looking at ways to grow the core business. with gm financial and service parts, those are just two ways we can continue to grow the core business even in developed markets. it is a transformational time in the auto industry. we know that people are going to have to figure out how to get from point a to point b. you see general motors taking a very proactive measure to lead in

the question is, where is gm driving? ♪ david: hello, gm.or more than a century into the heart of american business. it was a dominant force, the number one car company in the world, the largest u.s. employer. number one in the s&p 500. but then came a host of problems. foreign competition, inferior products, all leading to gm going bankrupt in 2009. it emerged a much different, leaner company. we traveled to detroit to see for cells where gm is now and where it's going tomorrow. we wanted to learn from ceo mary barra about the changes they are making and whether they are the right changes. mary: one of the things we are most proud of is the crossovers we are putting on the roads. they are the best we've ever produced. and continue to build brands. both chevrolet and cadillac and gmc, and then our brands in china as well. segment we compete again, we want to win that segment. are looking say we at ways to continue to grow the core business. , after sales,ial that is two ways to grow the business. is is a transformational time in the transpor

what do you do to make sure gm is still the car company of the future?> well, we've had operations and people in the silicon valley for years now. it's important to me because it's the art of if i believe i can do it, i can do it. and that's what i'm working to drive into the company. so, you know, i don't know what everyone else is doing. i can't -- you know, you know as much as i know or maybe more about what the other companies are doing. all i can tell you, from a general motors perspective, with the core technology and experience we have, understanding functional safety and how to integrate systems that are going to be on the road in an infinite number of weather conditions, road conditions and having that piece of machinery last for on average 11 years right now, but much longer than that. i think that experience coupled with the software that really allows you to safely choose the route is something that general motors definitely can do and we're intent on doing and leading. >> you said something very interesting. with silicon valley, that can-do

next, our exclusive interview .ith gm ceo mary barra be sure to tune in tomorrow.will catch up with hewlett-packard enterprise's ceo from the hp discover conference. tune in 2:00 p.m. eastern, 11:00 a.m. pacific. ♪ ?c+sv mark: let's begin with a check of your first word news. the chinese president told the annual strategic and economic dialogue that his country and the u.s. should develop bilateral relations on the basis of mutual respect. secretary of state john kerry was also at the event and spoke to reporters. during the meeting, she told ke rry he is looking forward to meeting president obama at the g 20 summit in china. president obama welcomed india's prime minister to the white house. the leaders discussed climate change, security, and commerce. this is the prime minister's fourth visit to the u.s. since taking office four years ago and his seventh meeting with president obama. the prime minister will address a joint meeting of the u.s. congress on wednesday. russian president vladimir putin says his country is expanding cooperation with israel in the fight

what you saw with chuck stevens represents where gm is now.went through bankruptcy in 2009 and they are very much focused on the bottom line. they are making some very specific decisions based on money. vonnie: why are shareholders not responding to that? shareholders are not believing the story yet. david: i asked that question of the ceo, cfo, and the president and they all had a version of the same answer. the street is not sure the car business will keep growing. we have record card sales in america last year, 17.5 million. the are worried there will be a downturn. the street is anticipating a change ofl trans -- business. they think the whole business will go three major disruption. see: how does mary barra the threat from the likes of google and over? -- uber? david: they have invested in lyft so they put their bet to be part of that ridesharing ride hailing business. i think that is an important part of the future in urban, densely populated areas where the infrastructure is not there you can have these driverless cars that are shared.

alix: that was an exclusive interview with gm ceo scarlet: mary barra.et:we will speak with one economist who says a job guarantee would be much more effective for solving the problem of economic insecurity. ♪ joe: "what'd you miss?" universal basic income has become the buzzword of the year, but crafting a policy is harder than it sounds. megan mcardle writes policymakers trying to craft a ubi and that with him palatable choice. -- an unpalatable choice. new idea --st has a a job guarantee, where the government would guarantee everyone is going to have a job. our guest joins us now via skype. whye your argument against they government for the sake of alleviating poverty or protecting against technological job change give everyone a check to meet their basic needs. why is that not a good idea? guest: there are a lot of different puzzles for basic income. the one i object to is precisely the one that divide space income grant to everybody irrespective of income level, irrespective of whether they work or not and a living wage. poor, good times or bad, tha

but first, gm ceo mary barra sat down with david weston. will reveal their strategies to increase shareholder value and plenty more. >.at's all ahead on

and i think while i agree both of you on the gml issue, i need gm foods and they are perfectly safe,e have to make sure we have a regulatory system that is modern and deals with these issues because the whole field is changing so dramatically there are new ways to manipulate genes we didn't have before, in order to give the public the trust that decisions are made independently and on the level. that doesn't mean excluding industry from the process but it does mean just saying something is safe doesn't make it safe unless you have a regulatory process people believe fully examines these particular issues. in the house, and implemented the organic standards act and the organic standards act created a whole new industry and agriculture where by and large it is certified organic, doesn't have gm ohs in it with limited circumstances and finding a way to allow people to buy non-gm oh foods without mandatory labeling is a much better way to go. i see some food manufacturers made the decision to go with labeling and mandatory labeling scheme, and some in the farm community have not necessar

. >>> we are expecting metro's gm to release more information within the hour about the next phase ofhe safe track repair program. right now, we are in phase two and that has the stadium armory and potomac avenue stations closed. until the end of the week. and those serve the blue, orange and silver lines. next month's surge thre lines near reagan washington international airport. gm paul weederfeld will outline the proct at 1:00 this afternoon at the braddock road station. >>> make sure to join us this thursday, at 7:00 p.m. for a live wusa 9 mission metro special. it is an hour-long town hall style event. gm paul weederfeld will be live in the studio, along with other local leaders and commuters, and we want to hear from you. he post your questions on the wusa 9 facebook page, or use the #wusa 9 on metro, on twitter. >>> still ahead on wusa 9 at noon, what is old is new again at the national air and space museum. we will explain. >> and leaders of all 28 countries in the european union now gather in belgium to discuss the u.k.'s break from the block. we will have >>> out of the e. u

and as we've seen in this committee on other subjects, such as the takata airbags and the gm ignitionwitch recall, individual components of vehicles with defects can suddenly snowball into major problems. so with an autonomous car, the stakes are all the more going to be high. you can imagine in this world of cyber security and cyber attacks, imagine what would happen to autonomous vehicles to get hacked while they're out on the road. one small defect could end up in a massive safety crisis. and if the problem comes up, manufacturers and regulators are going to have to get together and quickly find a solution. no more cover-ups, no more head in the sand approaches to safety. if we're going to avoid the tragedies, we've got to be johnny on the spot. thank you, mr. chairman. >> thank you, senator nelson. they didn't let me get behind the wheel, so -- >> i know! >> i suppose they figured if you could navigate a spaceship, you could probably navigate a driverless vehicle. >> well, it was a terrestrial challenge. >> i want to ask unanimous consent to submit for the record statements from t

gm brian cool launch joe says the roster is far from set.said the sixers the not make any trades at this point because the right deal didn't present itself. as for simmons being a cornerstone player he says the weight is not all on ben's shoulders. >> as much as we want to make things happen overnight, you know, there's got to be some patience to this whole process and i think that any young player coming into the game is going to feel that but, you know, we're going to try to spread that as much as we can across the entire team so that it's not just on ben's shoulders to bear that weight. >> well, looks like simmons is already loving philadelphia but an hour ago egg tweeted this amazing steel with amazing people. we think so, too. >>> the greenbrier classic scheduled for next month in west virginia has been canceled due to flooding. pga officials say the course sustained significant damage and can't be repaired in time. more than 150 players had committed to playing in the tournament which was scheduled to begin july 7th. >>> well, day two

gm is down 18%. look at toyota down 9.6%.d, all of these basically weaker than expected although slightly better than expected for fiat and chrysler. the real concern is when you look at car sales. we're not talking about suvs and pickups. we're talking about car sales. the numbers, that's not a mistake there. that is accurate. fiat chrysler cars down 39%. gm down 25%. same with ford. toyota, down 15.9%. what is happening here? a couple things. moderate gas prices are having an impact. people are saying if i have gas at, what, $2.32 a gallon on average in this country, hey, it's still relatively cleep to where it was a few years ago. as a result, you see people rotating to crossovers, suvs. so when you take a look at the japanese automakers sh the reason we're showing you the stocks is because these guys have more exposure to the car market in north america relative to gm, ford, fiat chrysler. keep in mind, those guys have much greater exposure to trucks and suvs relative to the japanese automakers. any way you slice it, they

the gm says it's the basics of the basics. >> we're doing leakage and insulators and grout. i want to make sure customers understand this isn't a new system we get out of this. >> reporter: regardless, the work is happening and it's already having an effect on companies like startup muhungry. this group picked a location right along the orange line because of the proximity to office. we're excited it is working fine this week. we're nervous about what's going to happen monday. >> reporter: they're actually going to pay for employees to start driving next week. as you may or may not know, metro's late night weekend rail service also going away completely as part of this plan. coming up at 6:00, what's the gm telling those riders. >>> heroin overdoses are on the rise in virginia with a dramatic spike in hospital individuals. the commonwealth's emergency departments reported 500 visits for the first four months of 2016. that's about two and a halfti half times the number of visits last year. one possible reason for the surge new policies making it tougher to get prescription pa

organisms extensively in the book but i don't go into the pros of cons or the pluses and minuses of gm owes. in brief, the one thing i would say is that our sophistication in being able to create these is increasing daily and that obviously raises the chance of unintended consequences and the greater biosphere. i'm actually less concerned about the unintended consequences locally and more concerned about the greater unintended consequences. >> we won't come that is a question. we will count that as a lead into another conversation. we will take two more questions. >> my question is almost identical to his. >> i was going to ask your opinion. >> my name is allison bro, i'm a a graduate student finishing up at the national institute of health and recently i've gotten interested in science policy. one of the questions that you had asked was how much do the scientists who do the science talk to the policymakers and you had responded something like the scientists talk science and the policy makers talk policy and

and betting on the big two, and debate on ford and gm is ahead, and bigger, and faster and stronger.on najarian is ready for battle in this weekend's wall street decathlon. get a sneak peek at the training regiment, and check in with the halftime team's secret weapon. it is all coming up on the "halftime report." ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪ using 60,000 points from my chase ink card i bought all the fruit... veggies... and herbs needed to create a pop-up pick-your-own juice bar in the middle of the city, so now everyone knows... we have some of the freshest juice in town. see what the power of points can do for your business. learn more at chase.com/ink see great time for af points can shiny floor wax, no?. not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not

why is she so committed to gm's luxury brands?ogo -- oldsmobile was luxury brand, and they got rid of it. >> profit. their profit margin is much higher, and that is true globally. we talked to the ceo and he said, i don't want to project, but i think we could double cadillac sales. scarlet: the other thing you talked about was the sharing economy. why own a car? scarlet: are you a millennial? alix: no. did she talk anything about those lines and how it might sales?r help >> they think that in urban centers, dense centers, ridesharing will become the norm. they think you cannot cannibalize their core business. a lot of profits are going to with trucksreas and suvs. alix: let's take a listen. >> looking forward, let's assume that lyft is wildly successful and we have car sharing across the country. who will own those cars? will gm on those cars? >> that has not been decided yet. it is very exciting. i believe there will be fleets. i believe that individuals may also on their autonomous vehicles. there is a lot to be defined and to b

gm missed estimates. i'm joined now from southfield, michigan.re expecting the declines for made but why were sales down so much? >> we are still trying to figure that out here it on the one hand, gm has signaled they were going to let off the gas. have been pulling back already on lower margin sales, rental car companies. brakes ony hit the that this month and reduced those sales, the biggest cutback in a couple of years. retail sales fell as well. it was a surprise, hit gm about 13%. retail sales were down about 11% across the board. news that it that is possible the reason the sales are down is that the automakers are not being as stupid or as generous as they have been in the past when demand softens a little and they go off her huge offers, and discounts. maybe they are showing discipline. >> have auto sales peaked, is that what you're saying? when we do not know. last year was a record year. the longest group streak in the history of the industry. the expectation was we would the more of it this year. there was some debate among analysts, w

me he is not surprised and says this needs to happen pete muntean wusa9. >>> well tomorrow metro's gm will talk about the surges that involves shut downs between reagan and brad dock and reagan and pentagon city. the free wusa9 app is the complete guide for safety plan and all of the disruptions that comes with it. >>> join us thursday at 7:00 for a live wusa9 mission metro special. the agency's new boss, paul widdafeld will be here along with local leaders from the town hall meeting. we want to hear from you, posture questions on the facebook page or use # wusa9 on metro on twitter. >>> showers and thunderstorms moving through the washington area right now. chief meteorologist topper shutt telling us more. >> mainly to the west. good news, just in the last hour. they have diminished in i-81. we have a few light showers pushing through the immediate metro. nothing crazy heavy. we will start out to the west and headed out 66 and get out far enough and light activity towards winchester and over towards romney and heavy and that has weakened and a good thing. we will zoom in and have a l

metro gm paul wiedefeld joins us for a live interview at 6:15. >>> a little relief for commuters. prince george's county is adding a second shuttle bus line to help riders get around. it will run between largo and suitland stations. there will be ten buses during rush hour. phase 2 will end on july 3rd. >>> we're still shooting out of northeast d.c. this as we just got some new video from the scene. take a look. this is in the 1600 block of montello avenue where d.c. police obviously still on the scene trying to find out why a man was shot and killed here. so far no arrests have been made in this case. it's still developing. eun? >> angie goff from the live desk. thank you. >>> a metro station back open after a stabbing. police are looking at security footage. officers believe the attacker may be a woman. the man is expected to recover and metro closed the station for about 45 minutes. >>> breaking news now. traffic moving again after a pedestrian accident in prince george's county. this happened about 10:30 last night on mlk highway in landover. we know there were as many as two

i think we told you to steer clear of gm frd for a long time. saidways to lower now for three years. until cently, has been an amazing market chlgt but name like auto zone, roughly 6, 7% off an all time high. valuation might be high, but they seem to be doing everything right. last quarter was good. liability charge. other wise, quarters are good. if you want to be in this space, it's a manny moe jack and peter os the world auto zone. >> i would look ate toyota. it's all about the yen to me. it's an exports and that's something that also it's unrelated to the european business. i think this is an opportunity. >> shift gears now from autos. i can't take credit for that. >> good. you shouldn't. really shouldn't. >> nike set to report fourth quarter earnings tomorrow. >> walk and talk. here's the deal. you wear nikes? >> no. >> about a 5.5% one-day move. a tad high of their fourth quarter average, about 5%, the long-term average has been about 4.8% toefr last ten years. think about what's going on here in nike. the stock is down 17%. this is a stoc

the steps that gm has taken with lyft and crews.t sure if the stock investors are willing to pay for that now but it should position them well for the next cycle. amanda: where does the u.s. dollar which is likely to stay strong, play in for gm? brian: not a huge impact because on the one hand, it does help the japanese but on the other hand, the japanese are producing so much in north america and mexico it is not the same dynamic. unfortunately the euros they do not make in europe, the dollar is not going to have that big of an impact. david: what about jam financial, will that -- gm financial? brian: gm financial is transforming to become a boring lender. boring is good in the consumer credit world so we think that will help fill in sales. we do not see the big swing factor on the upside and given that it had a sub prime heritage, that is one of the things investors were worried about. david: that is brian johnson coming to us from chicago. amanda: time to check in with julie hyman. let's start in europe and what is going on with

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and 100% ofsiduals, our leases go through gm financial. closely linked with the lease guys relative to residuals. we monitor used car values, and we are taking actions outside kind of the lease business to ensure we optimize the car values. first, we reduced our reliance on fleets and we looked at weivery straight secondly, really try to optimize the supply and demand of used vehicles to ensure that we are being able to optimize residuals. : there are projections that there'll be many vehicles coming off of a lease, millions. won't that have downward pressure on used car sales? : what i think is that the used car pricing will normalize. it has been a pretty strong levels. leasing, tivoli 25% of the industry, fell to almost nothing, and now it is just building up to more natural levels, and we see used car pricing moderate. truckscally cars and continue to be very strong, but as we think forward, building into our planning that there will be some moderation to more normal levels. scarlet: that was chuck stevens. are joined now by our bloomb

with gm and ford, everything does not have to go perfectly.'re being paid a nice yield to wait for things to go right. >> everything almost has gone perfectly and the stocks haven't -- >> i'm not in any of these and i'd rather be in aerospace, frankly. companies involved in growth areas. autos are not going to be a growth area. they're going to be a grind it out area. look i know when jim leben thal pulls up to the hamptons in the chevy volt the girls go crazy. i don't look at that as a competitor of tess lore. the real competitors will be bmw and porsche are not eating crayons while tesla builds out the model three. >> he's more likely to be heading up to woodstock in this tractor. >> there's going to be serious competition and i'm not talking about apple cars, google cars. >> throw deer -- >> the real competition doesn't come from companies that actually have the experience to turn out half a million vex in a year. that can actually put millions of cars on the road. tesla may be able to do it but there's a lot of faith required here. so i th

stepped in the in position at the beginning of mai and the hope is that he alonge with metro's new gm can fix some of the troubles on the transit system. alexandra limon, fox5 local news. > beautiful weather we've hadee this weekend could be about too change. gwen is going to be back withbak storm chances for tomorrow and the seven day forecast coming up next. next. a hometown favorite clinched his first of pga tour victory at congressional country club today. congrats to billy hurly the third. the quicken loans national. he was on the golf team during his time at loudon high. and was a naval academy graduate. before today he never finished higher than fourth. > congratulations to gwen for delivering up on the lovelyely weather this weekend. great day for a golf game. but now we have to talk about tomorrow. but it shouldn't be that bad,, right. storms maybe in the afternoon. >> yes. that's what we're talking about, later in the day. > we're going to serve up a little bit of today, the first part of tomorrow so it's not al bad at least. we'll keep it rolling just a little bit. i wish i

mark: that was our extensive interview with the gm chief executive mary barra.e will have much more from her and other top executives throughout today. up next, bio techs moving for a second day. we will look at some names like sarepta jumping on new drug prospects. ♪ london andfrom west new york, i mark barton. vonnie: i am vonnie quinn and you are watching "bloomberg markets." time for the bloomberg business flash now. the euro disney group has been acquitted of discrimination charges. the association that filed the original complaint said that a 2006 job ad for the paris theme park was intentionally designed to exclude applicants from africa and turkey. euro disney admits the word was clumsy but denies discriminatory intent. toldas ceo stefan larson stores to eliminate three layers of management and/jobs as part of the ways for plan. the cost may be as high as $400 million. u.s. workers was not as severe as first bought. productivity declined at an annual rate of 6/10 of 1%. there was also a 1.7% drop in fourth-quarter. that is our latest bloomberg business f

i'm not a gm. i don't get paid by sixers. so i will not answer that. >> to golf, halfway through final round, u.s. open at oakmont, dustin johnson trails, ken lowery, by three strokes to begin the day. he is at five under par. lowery at four under. dustin johnson has the lead. >>> programming reminder sports sunday comes your way at 11:45. mike missanelli will join to us discuss phillies prefall and eagles recent spending free, that is tonight at 11:45. >> i'm going warriors. >> i'm going calves. i don't know judge good tomato, tomato. >> up next on "action news", meteorologist melissa magee has the exclusive accu weather seven day forecast. good luck to cleveland, that is all. >>> but first a preview is what ahead on world news tonight. >> coming up wild fires and heat emergency, 40 million facing dangerous temperatures. and how a mothers day drew a five-year old son from the mountain lion with her bear hand and superstars on the court and super dads off, a fathers day look at lebron and steph curry. >>> time for a final che

gm brian colangelo just wants to get it right. >> it is a big one for the organization. i have said it would be hard to imagine that there is a wrong choice here but making the right choice is a degree of separation that i'm not sure i can put an amount to oracle you'll but you are talking about in a brandon ingram or ben simmons, two players that will come in and help their organization. >> all right. we will find out thursday night. >>> on to baseball phillies take a seven game losing streak in minnesota tonight. numbers are against them this month the fightins are batting .202, worst in the majors, staff era is five ain't a half, second worst in the majors. first pitch at 8:10. >>> meanwhile future was at citizens bank park, mickey moniak the topic in the mlb draft introduced to the media today. according to baseball america, phillies gave him a signing bonus of 6.1 million. eighteen year-old from suburban san diego has a lofty goal. >> that is just ultimate goal, to make big league and be a guy like a bryce harper or strasburg. it is an honor to be select number one

gm sales were down 18% due in part by a cut by fleet buyers.over 6% due to a slide in passenger car sales. overall, americans bought 6% fewer cars and light trucks in may than they did last year. >>> uber is getting a lift from saudi arabia. the saudis are investing $3.5 billion into the ride-hailing service. for the price, the saudis are getting a seat on uber's board of directors. uber has been raising money to fund its expansion. >>> big change in store for facebook emojis. five male emojis are being turned into female characters. the five emojis, the pedestrian police officer, jogger, swimmer, and surfer, will still show up as male on your keyboard but will appear as female in your message. facebook's also allowing you to select skin tone. >>> and want to know how much google has been digging into your life? google is updating its my account feature. that way it will be easier for users to find out what google knows about them. when users do a vanity search, googling their own name, a card linking to their account settings will show up. it'

now what does the gm brian coangelo think of ben simmons going into thursday's draft? it's all coming up in sports. ♪ to you, they're more than just a pet. so protect them... ...with k9 advantix ii. it not only kills fleas, ticks and mosquitoes, it repels them, too. so do more to defend your four legged friend... ...with k9 advantix ii. for the love of dog. ♪ >>> nba draft is this thursday night the sixers as we all know will have the first pick. it's been no secret to me. i have mentioned for at least three weeks both here and on the radio it will be ben simmons. today many media reports have caught up saying exactly that and how about ben simmons coming in early this morning to work out for the 76ers. now the media was not told or permitted at this workout. but the sixers posted a picture of ben simmons on social media. the perspective draft picks are not perm to do workout with the players from the team so the workouts really don't amount too much any way. simmons posted something on instagram trust the process. now he obviously was told to put this on social media.

. >> when we come back a bad start to the year for gm shares.own, despite the company's upbeat guidance. ♪ "dinner!" "may i be excused?" get the new xfinity tv app and for the first time ever stream live tv, watch on demand, and download your dvr shows anywhere. >>> gm saw record profit bus the stock is down about 14% year too date. got the chance to speak to ceo mary barra about whether she is frustrated about how wall street is valuing the company. >> we do feel the stock is undervalued but we also really focus on what we control. so really working to improve the business, put out great cars, trucks and crossovers and invest in the future and it will correct over time. part is an industry issue. there is so much concern in the u.s. and we understand that is kind of an overarching issue for the industry. we are just going to keep performing. >> i do think it is an industry issue. we've talked to a lot of people in the industry. we've talked to mike jackson of auto nation. one thing he thinks as a whole is they are setting production targets tha

earlier we heard from ford, now gm releasing may auto sales.ack to phil at hq. >> not good numbers. gm reporting a decline of 18% last month, 18% drop in sales for general motors. that was worse than expected. the edmunds.com estimate for a decline of 13.1%. keep in mind general motors has been pulling back on its fleet sales, whether it's to daily rental companies like a hertz or avis or whether it's to corporations. so that's certainly part of the decline, but you also have to wonder with their estimate for the industry monthly sales pace coming in at 17 million vehicles if that's correct, guys, this is going to renew chatter about whether or not we are in fact seeing the beginning of a slight decline from peak autos. again, gm coming in with sales down 18% last month. guys, back to you. >> thank you, phil. phil lebeau at hq. >> suvs in the lower price of gasoline changed things. >> suvs is obviously a much higher margin product. >> but, david, i have to ask, is gm a value trap at 30? remember we had all those very smart guys come in to gm, t

. >> let's get to gm now.hares higher today as the automaker hosts its annual shareholder meeting. phil lebeau is live in chicago with all the details. >> there was a time when this was a fairly important event in terms of how investors looked at it. today, just two cameras there, us and one other outlet. and listen, there wasn't a whole lot of news there. from mary barra, this is one of those cases they continue to post positive results at general motors, and they talked about today the importance of improving on retail sales. the most profitable sales, not doing as much in terms of the rental car fleet sales which are less profitable. as a result, gm's market share, look where it was in march, or i should say in may of this year. actually this is now year-to-date. down to 16.3%. still ahead of ford and toyota. fiat and chrysler picked up the market share. look at annual sales which right now were trending below $17.5 million for the year, being the record we set last year, the question becomes for general mo

the gm annual meeting is today.

i wanted to give a public thank you to gm for being such a good partner on the spectrum issues you all leaned in and worked with us in a cooperative manner. that meant a lot to me. >> we appreciate you as well. >> thank you. >> senator peters is up next. >> thank you. i have to say as a senator from michigan and representing the motor city that i'm very excited about these incredible develops in our auto industry and to see auto manufacturers coming together with suppliers, with technology companies all cooperating together to create some partnerships that will ultimately create an awful lot of new jobs and are going to lead to some extraordinary break throughs in terms of vehicle safety as well performance and as we've heard from your testimony and others deal with some of our mobility challenges general for various individuals. so i want to thank the witnesses for being here today to discuss this frontier, particularly connected in automated technologies and their life saving benefits. we know there are still some significant challenges that we're going to be facing in order to actua

grant,n the form of a that is what gm is hoping for? charles: yes.has been helpful to us in maintaining a primary stronghold. alix: ontario's financial minister charles susa. mark, back to you. mark: coming up, we are going to talk to fame and -- famed russian entrepreneur yuri milner . he has invested in facebook, twitter, and alibaba. we want to find out what he thinks of the microsoft-linked in deal. lies with the h you are capital management founder from the morningstar conference in chicago. later we will take you to atlanta or david westin sits down with former president bill clinton at the clinton foundation's sixth annual cgi meeting. ♪ mark: this is "bloomberg markets," live from london and chicago. in europe, about 50 minutes left of the session, the fifth day of declines for the stoxx 600. in that five days the european benchmark has fallen 7%, the most since february 11. that is the equity picture right now, european stocks 1.5% lower. they were down as much is 1.6%. have a look at the industry groups that are suffering, every single one,

tomorrow, an interview with gm ceo mary barra.exporter is raising prices on most of its deliveries to asia and the u.s. crude byincreasing $.35 a barrel to $.60 above the regional benchmark. the highestsets levels for asia since 2014. japan's mine corporation is aiming for the biggest ipo for a tech company this year with a major pitch to american investors. people say the company behind one of asia's most popular messaging apps lance to go public in july. the goal is to raise $2 billion with a valuation as high as $6 billion. office, thebox ninja turtles open to $35.3 million. that was half of what the first film opened two. it's the latest in a string of underwhelming openings for sequels this summer. apocalypse felt a hefty 66 percent in its second weekend. latest business flash area -- flash. pimm: let's check of a stock arc it members. julie: let's start with walmart. shares are up about 6/10 of 1%. daniel binder has been doing store checks. he has been doing it consumer surveys and he says that walmart investments in stores

that will run along the routeher that the metro trains wouldins have traveled.ve trave however, the gmaid thatid metro needs about a 30 percentt drop in rider ship, so three soh out of 10 passengers to find ain different way to get whereverete it is they're going. is they otherwise, these buses will not be able to accommodate all of those people and they will become overcrowded.vercro now back to the affected a lines. take a look at this this information on your screen.cree there will be no service for 16 days between eastern market r and minnesota avenue. also, between eastern markette and benning road.oa and between arlington cemeteryer and rosslyn. rosslyn. another thing is that thet the potomac avenue and stadium-armory stations willon be closed and what you reallyoua need to keep in mind is thatisha running in any direction atectit any time not during rush hour orot otherwise along those t segments again on the orange,gan blue and silver lines and this t surge two of the program is expected to last until july 3rd.july so, again, city officials,ic county officials in maryland,ar, d

adam, did the gm actually seem confident about the way the program is lining up now? >> reporter: he did. whether or not we're all ready for it is a different story. you mentioned the first part of the program is on the orange and silver lines here between east falls church and boston. 13 straight days of single tracking at all hours at all times, including rush hour. this is going to be something that is definitely painful and felt by a lot of riders. again, it starts this saturday, will go all through next week, and next week we'll get a full test about everything that is going to happen here along the orange and silver lines. the general manager trying to tamp down expectations that this is going to be the silver bullet that fixes the system. take a listen. >> we're getting the word out. i do want to make sure people do understand not to -- the expectation may be high of what this is. remember, all we're doing is basically rebuilding in effect the track and not stations. we still have issues with rail cars and all those issues, but the goal here is to reduce the tr

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there was a gm put up 1928 the creek is an almighty and only a few feet deep. >> it is unlikely yeahrk would venture there but the ghost of the attack will always heart -- haunt the garden state. >> with the high water sports. >> who is better? >> nicole. she is more athletic. i look like gumby. [screams] >> be on alert where three children have died and real looking at millions of the dressers to be recalled it needs to be secured to the wall the recall was made because it has toppled over killing three children. >> you may have seen this on a reality show it looks like you have a lot of money. thanks to a the. orders of the flyby watersports in north jersey. >> we take it to the next level resaw at a video and we thought we have got to do that. >> but there were no places that offer that in the area said they decided to do try it out. they fell in love and thought there was a market amri back to new jersey. >> fairly busy. >> so then we try a hover board. how works. [laughter] it is connected to a fire hose attached to the jets gave that is what powers it. so while you're out there

been's gm motors have ranked number one in the gm survey of new vehicle quality.he first time in 27 years i you are the maker has taken top stock -- top spot. they reported 100 vehicles in ownership,0 days of one fewer than porsche. shopping in south america, sources say china's favorite flcrse is in talks by brazil energiagia. at 1.8s evaluated billion dollars, not including premiums. global news sunday four hours a day, powered by 2600 journalists in more than 150 news countries. the latest from the markets now, it is awaiting day. 3.5 hours away from when voting gets darted. i will show you in a few moments. markets are trading bad. looking at the markets across asia, just to drive a point, asx 200. it is not so much it is trading, they are not. they are on top of the thin volume that can be seen, very defined what these limits are in the markets. if you look at australia, for example, that is a 15, 17 points swing. when look at the hang seng index, 100, maybe 120 points, the range is not very thin, but it is, the point, you put together with volume very thin,

call me out david: gm is trying to change his mission, its product, even change the nature of what itn the transportation business. the question is, where

metro's gm paul widdafell will be here as well as writers and key leaders. it is part of our commit tom make metro safe and reliable for everyone thursday night at 7. >>> a man is cited a second time for flying a drone in the d c no drone zone. howard solaman was cited the first time last october you might recall after a drone crashed near the white house. well he was cited again last night for flying a drone over a park in south dc. it is an $85 fine. >>> a man was charged with indecent exposure and disorderly conduct. rollins iii, policde report of a naked man on a hotel balcony. >>> coming up, more fallout to leave the more coming up. >>> word is hillary clinton's new al lie could give her the boost she needs to secure votes. senator warren offered a passionate endorsement on monday. presumptive nominee donald trump is calling warren out as a trader to her own supporters. garret haake has the latest. >> hillary clinton and senator elizeth warren holding hands high in the air. >> warren, her endorsement could help clinton win over bernie sanders supporters

we've had a lot of incidents that have happened over the pase couple of years and the new p gm is nosense over safety. i take metro every day to worko so i thought i'd participate. we have been emphasizing howmph important it is to have a safett culture at metro. we know there hasn't been oneben and that's concern that everyone has brought up time and timeime again. we have the new safety directorc of metro here today.e and this is a first time metro's new chief safety officer is overseeing a disaster drill. pat laugh in stepped into the position in the beginning of mai and with metro's new gm can fix som of the problems on the troubled transit system. reporting in fairfax county, alexandra limon, fox5 local new. > good to keep that focus onon safety going. i'm off tomorrow.orro i'm thinking about going to the pool tomorrow afternoon, is that going to happen.pen. >> go in the morning. what time do you think we'll see a little rain? once get closer to the evening hours we're going to have to see the keep the eyes to the sky. rush hour might be a problem tomorrow. >> we could possibly

gm would exit chapter is 1 in that year, but it would take gm more than four years to repay its loansnd for the u.s. treasury to finally sell its stake in the company. show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. >>> a very good morning to you. welcome back to "worldwide exchange." we finished in positive territory for may, all three incidentsies were counsel just eking out a gape. the s&p was up over 1%. the nasdaq was up over 3%. today we're just giving up those gains the nothing too pronounced. a wee bit of oil pr1áut()átááh % today, as well. >>> let's get to today's trade of the day. history suggests a negative hash inger for the stock market in june. but have no fear. there are some stocks investors can hide out in. these stocks perform well over a 30-day period. mana, alaska air, and united health. on the flip side, though, economically sensitive firms, commodity, real estate and financial sectors fall hardest. for more,