gm, it's a much tougher sale. not opining whether it's great or not, i just think gm isn't going to get over the risk element. they can increase their buyback. issue a convert with the excess cash. there's so many things they want to do to get rid of the cash. >> pete, you own the stock, too? >> i do. as a matter of fact, last friday, there was huge calling. we know why today probably because of david ireinhorn. the most interesting part when he wdiscussing this with you, h view on the economy itself. didn't that strike you as this guy sounds very, very bullish on what's going on right now. talked ability age, personal income. and all of that as that ties into what everybody like to refer to as peek autos. that's an interesting take away from where he stands now about the entire stock market. >> sure, but talking about general motors and some of these other exhuconsumer names are ve very different stories. the cycle, you're still bullish general motors today with this plan. >> interesting. >> absolutely. i don't k

what about gm? caching if you are a shareholder at gm. share buybacks are on the agenda. what they intend to do with the proceeds from this divestment, a $4 billion to 4.5 billion dollars cash charge. and want to use approximately $2 billion for share buybacks. there are warrants. gm will retain the option to re equityeugeot with an stake. when it comes to the pension funds, gm is taking responsibility. anna, they will contribute to the active numbers and the retirees. anna: thank you very much, manus cranny with the latest in the auto story. we will get back to him for more there. let's get an update on some breaking news we have got here. standard life putting out a comment, based on all the press around the weekend around m&a. it seems the press comment was pretty much on the mark. standard life to buy aberdeen asset management for 286.5 pence per share. aberdeen is entitled to get an interim dividend of up to 7.5 pence. seedard life and aberdeen material earnings. this is the latest defensive move by the active asset management sector that is grappling with the pressu

>> it provides an opportunity to put somebody in a gm car that might not get into a gm car.through this experience at maven, these opportunities go on in 17 cities across the country. it is that exposure gm thinks is good for the brand. >> is it your contention that a lot of people in this country do want to own their own cars? a lot of lyft and east bayer's valuation have been predicated on the idea of replacing car ownership. it sounds like you see it as something a slice wants. >> it is a piece of it. when you put a car into rideshare, it is a double win. you have somebody that might not request, that is have a car new enough to earn a living. we provide a car they can earn a living so they get exposure to this car. at the same time they're picking up five, ten people a day. >> are people using maven cars as uber? >> we have a relationship with -- >> my question is will i be able to use it as -- >> with reach it is called express drive and we have a small pilot in san francisco with uber, those cars are made available. >> with a maven car. >> yes, those cars are made avai

what about gm? share buybacks are on the agenda. that is what gm intends to do with the proceeds from this divestment. >> being that europe is from a regulatory perspective and customer preference perspective, has divert somewhat from the risk of our global operations. as a result we need to find a way to get more scale locally here so we can make the investments necessary to be successful in the business going forward. >> i think having the opportunity to leverage two iconic brands like opel and auzhall is a big

gm europe is not turned a profit since 1999.ave cast laich this will change all that. —— 4,500. this is a result of a four—year joint—venture with peugeot, and devastated that because that is can be found. what about job security at vauxhall‘s plans? the boss has promised to ensure that existing production guarantees. he said after that the workers' future were in their hands. i trust my vauxhall employees in the uk. i trust them. i know that they are skilled. i know that they are dedicated. i know that they are committed. and i trust that they are committed. and i trust that they will be in a very good position by working in a constructive and open manner. as long as we improve the performance and become the best, there is no risk they should feel. here at els airport, the vauxhall last ride has been rolling off the production line since the 1980s. but to secure its future, younis two owners know they must develop a vehicle from the plant in the next few years. —— but to secure its future, the owners know they must. the convers

the regular gm shares, if gm wants to cut dividends the people depending on the dividend have no say. >> exactly. and we've seen these multiple voting rights and the multiple share classes before but we've never seen anything like this where the difference in voting rights also coincides with different types of investors being dividend investors as well as growth investors. that was one of the main concerns gm highlighted in terms of governance issues. >> a company is what a company is. you can't go to gm and say i want to buy a chevy cruz but call it a camry and in colors you don't offer. david einhorn can make a case for value but to go in and push around a company like gm and say you need to change the structure of your stock. >> that's what's so interesting about the strategy. there's no operational push here, no operational changes that he's pushing for with this company. it's more on the -- >> he just wants a different cone of ice cream, as he said best. sorry, you're getting vanilla. >> we should call it power dessert. >> you're getting none and like it. >> it's financial engin

in gm's case there is questions about how profitable is gm going to be in the medium to longer term,t seems like a different question than for apple. >> and gm says as green light grants -- this would not do anything to change the underlying operations. >> all right. >> wapner will be asking the good questions on the half coming up. still to come, president trump reportedly striking a new tone when it comes to tax reform. but first a quick programming note. we'll be sitting down with fed vice chairmanstanley fischer at 1:00. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. it's your glass of willpower that helps keep cravings... ...far, far away. feel less hungry with the natural fiber in clinically... ...proven meta appetite control. from metamucil. >>> hello, everyone, i'm sue herera, here's your cnbc news update at this hour. a prominent republican is raising concern about devin nunes's action. nunes is under fire for visiting the white house to view classified information while leading an investigation into the trump administra

last year, gm added eight year, gm added 800 jobs to build the new version of the gmc acadia suv. the uaw local president is hoping that these layoffs since november that they are just temporary. >> we can't forget that they actually had a very important role in where we are at today. i am hoping we can bring them back to work. lauren: gm hopes it will continue to be an enclave in chevrolet traverse after free tools for a month. nicole: exxonmobil with within 45,000 high-paying u.s. jobs. it will invest $20 billion to the year 2022 to expand its chemical and oil refining plants. the project will create 12,000 permanent jobs and 35,000 temporary ones. exxon says it will expand tentative sites in texas and louisiana and plans to build a chemical plant coast. ceo darren was says it expects investments to create jobs paying an average of about $100,000 a year. president trump tweeting thank you to exxonmobil for your $20 billion investment that is creating more than 45,000 manufacturing and construction jobs in the u.s.a. lauren: is the honeymoon. over for snap? shares in the parent c

we're covering that deal, psa to buy gm's opal business.s live site. lots of speculation about what is going to be happening to jobs. speculation about what is going to be happening tojobs. thousands of jobs at stake. we will be following that story. you're watching business live. you're watching business live. our top story, general motors will sell opel and vauxhall to psa group, the french company that owns peugeot and citroen. the deal is worth $2.3 billion and will make psa the continent's second biggest car—maker after volkswagen and ahead of french rival renault. interesting. now let's get the inside track on a business which is hoping to return music back to its most stripped down form. in the age of streaming and social media, it's easy to become disillusioned with the commercial music industry. one company hoping to change this is sofar sounds. it provides small—scale gigs in secret locations such as converted warehouses and even people's living rooms. they're in over 300 cities around the world with a growing fan base. the compan

and peugeot buys the failing arm of gm motors. what happens tojobs in the uk? it has taken the white house above to produce its new revised travel order. this one will come into play in ten days and wouldn't wean a temporary freeze on visas from people travelling from these six predominantly muslim countries. it also places a 120 day freeze on refugee arrivals. iraq has been removed from the list. syrian refugees, green card holders and visa holders are exempt. 0n the decision to exempt iraq, here is rex tillerson. iraq is an important ally in the fight to defeat isis, with their brave soldiers fighting in close co—ordination with america's men and women in uniform. this intense review over the past month identified multiple security measures that the state department and the government of iraq will be implementing to achieve our shared objective of preventing those with criminal or terrorist intent from reaching the united states. the previous executive order was struck down by the courts, butjeff sessions said that both that version and today's revised order

there is no more gm in europe.uy: when we look back on this transaction, what will we take away as being the most important part of today's news. we are focused on capacity, technology, on what's happening in terms of financing. if you were to put your finger on one thing that would make this deal work, what is it? >> it is a fresh and clean start to an opportunity for opel operate with a european partner that knows how to get the job done. but the job is to be done by opel. it is a long journey, but a better opportunity than what opel ever have before. so, that is the opportunity. again, it is a very clean deal. when you look at the pension, how it is all being funded and financed, i think, it is justified to look at this from a more constructive point of view than being too skeptical here. matt: excellent insight. .hank you for joining us coming up on the program, we focus on the french elections. we are speaking to a key advisor to french presidential candidate macron. plus, we have a conversation about the stre

gm luton and ellesmere port and their a500 staff.urned a profit since 1999 but its new owners hope cars like this will change all that. the crosland x is the result ofa that. the crosland x is the result of a four—yearjoint that. the crosland x is the result of a four—year joint venture with peugeot demonstrating that big cost savings could be found. but what aboutjob savings could be found. but what about job security at vauxhall‘s plants? peugeot's boss carlos tava res has plants? peugeot's boss carlos tavares has promised to honour existing production guarantees. but today he said that after that workers' futures were in their own hands. i trust my vauxhall employees in the uk. i trust them. i know that they are skilled. i know that they are dedicated. i know that they are committed and i trust that they will be in committed and i trust that they will beina committed and i trust that they will be in a very good situation by working in a constructive and open manner and as long as we improve the performance and become the best ther

you look at gm and ford, the stock stories are very different. gm up 10%. ford down 10%. i think ford is a great company but they hit some missteps today, showing up in today's news. >> gm has lagged the market. down versus two years ago. not as much as ford but it is down so if you listen to peak sales, which i think are here, you just can't keep buying cars and buying cars. particularly with uber, less reason to own cars for the fleets. they signed fleet sales. >> earnings still growing. and by the way, the dividend -- >> they have always sold out. >> and i'm with jim on gm. >> when they were belly-up, they sold at an intimate multiple. >> totally different company ten years ago. >> that's the only time the multiple was high. >> scott, the best trade in the autos right now, i'm with jim. i actually own gm. they have a great dividend yield and continue to raise that up. the best trade of all, goodyear tire. look at the multiple there. look at the margins and what are they selling at ford and gm and everywhere else? suvs, pickup trucks. what has the best margin? the bigge

gm cto project did the proposal and a spokesman said yesterday that a deal still makes no sense for gm customers, shareholders or employees. lauren: chinese telecommunication giant has agreed to pay a heavy fine and plead guilty to selling u.s. technology to iran in violation of u.s. sanctions good commerce secretary wilbur ross said on fox business the settlement includes measures that will keep the company in line. >> it is 1,190,000,000, a portion of which is being held back from being paid right now as an incentive for their continued complaint over the next seven years to very rigorous auditing and other measures the gernment will be taking to make sure that they fly straight. lauren: another $300 million hub that during the seven-year compliance. coming up, wikileaks publishes thousands of documents and revealed how the cia had to do computer smartphones and even television. dennis is a major embarrassment for the community. >> uses this capability when your adversaries discover what you're doing, it's a real compromise and it's really damaging. nicole: fox news benjamin hall has

they do have some good numbers in china, but nothing like gm and look at gm.m yields ford and nobody wants it. you want ford with a 5% yield because they're producing jobs? it's great, i want american people to be hired. >> of course. >> but if you're in the stock, that's not as relevant. >> again, we are waiting to see the specifics behind this, and how many real new jobs are going to be part of what is this new apparently new investment from ford. let's move on to the markets. the dow is looking to snap an eight-session losing streak, that is its longest since 2011, both the blue chips and the s&p 500 closed well above their session lows yesterday. certainly trying to shake off concerns about president trump's ability to push that pro-growth agen agenda. the s&p is on pace to break a four-month winning streak, as we are only a few days left in the month of march. tax reform, jim, continues to be the key question. it's not -- i have conversations with people, not inside the white house. >> right. >> i don't have those sources at this point but nonetheless see

harry wilson who helped the obama administration bail out and rebuild the gm corporation, gm agreed toof stocks by the end of last year. kel kelly? >> thank you, leslie. our leslie picker there. what do shareholders think of it? joining us on the phone is one of them, bob olstein, owned 300,000 shares with gm, bob. thank you for joining us. your initial thoughts on this proposal? >> caller: well, kelly, david einhorn's a valiant investor as we are, big free cash flow, 11%, free yield right now. we know it can be cyclical. we think normalized earnings are $4 a share. 11%, the stocks worth 50-55, it's going to happen without any financial engineering. they have taken 7% of the company private. in the last two years, it sounds like they are going to take another 7% private. this stock is going to go north because of the free cash flow yield. we have a lot of confidence. i don't think you need financial engineering or take any risk whatsoever. in the stock is a 4.25% yield. wait, we back her, we don't need the need for financial engineering. we saw stocks taken out of the portfol portfolio

vauxhall‘s vast vehicle plant at luton, for decades a cornerstone of gm's european operations.re will be decided in france. creating uncertainty for thousands of workers. we've all been worried, of course. we're all going to be worried because we've all got families. i myself have been here nearly 30 years. disbelief because no—one really knows what's going on. as again, we haven't been told. do you think you are safe? i believe we are. i don't see the reason to shut it down. earlier in paris, peugeot's boss, carlos tava res, alongside his counterpart from general motors confirmed plans to create a european auto giant, second only to volkswagen. huge cost savings are planned, and we asked him what that will mean for vauxhall‘s workers. i trust my vauxhall employees in the uk, i trust them. i know they are skilled. i know that they are dedicated and i know they are committed and i trust that they will be in a very good position by working in a constructive and open manner, as long as we improve the performance and we become the best, there is no risk they should fear. the deal r

also, gm prevented vauxhall and 0pel from selling in the united states.e in the future. from selling in the united states. that could be more in the futurem could unleash 0pel in a way it has never been unleashed. we have seen that before with great car companies, big groups like ford, when it controlled jaguar, land rover, aston martin, when it let them go, they all thrived. it could be good on a global scale for 0pel. thank you very much for your time. we expect a press release from psa group in about 55 minutes time and the press conference is later. we will keep you up—to—date with the announcements come through. china's national people's congress convened this weekend in beijing's great hall of the people. the 3,000—strong event is staged each year by the party, and is usually a forum to rubber—stamp legislature for the year ahead. but china's economy is in trouble, and yesterday premier li keqiang's annual report gave some clues about the state of the economy in the year ahead, and there are a lot of problems ahead. here is what we know. economic gr

it will include gm's european autofinancing. global sales are expected to increase to 4.3 million units per year. they've been major european business for gm but it's been sluggish for a long time. gm will exit from the european market. let's check on the markets. tokyo stocks opened lower this morning as geo political risks are deafening sentiment. they weigh up concerns over north korea's latest missile launch. president trump's allegations that he was wiretapped is also reduced risk appetite. taking a look at the nikkei it is trading just a touch lower at 19,3 19,371. investors are selling technology and health care sectors. energy related shares are providing some support to the benchmark. the dollar touched 114 overnight and it is back above it. 114.00 to 05 at the moment. the greenback gained some ground against the euro on renewed concerns that le pen may be elected as france's next president. >>> let's move onto markets open this hour in the asia pacific. we're seeing seoul's kospi trading higher. australian shares are a

you can see gm's returns have lagged behind the s&p 500. company emerged from government control in 2010. they say guaranteeing a event could compromise its it rating. this sets up for a battle between the company and david einhorn. what do we know about high -- about how stubborn david einhorn is likely to be when he digs his heels in? david: he's usually a short seller, not an activist investor. we don't have a track record of taking on. lehmanim to fame was brothers and he was short on that before they fell on tough times. we'll see how much he wants to dig in, but it will be on the balance of the proxy. management has agreed to do that. we could have a vote come spring when the annual meeting comes around. oliver: let's look at green light's position here. you can get a quick glance of where he is. it is a smaller portion than i thought. you can see the green line -- that is his position. it has been steady the past couple of quarters but ultimately, less than 1% of the company. wants some shares and there's a dividend play as well. red

why does this make sense for gm?ooking at what is in front of them but it is just not performing as well across europe. and they are going to invest this money in other things, new technology, going to be looking at driverless cars. it already has a contract with lift, the ride sharing. we have got a lot of different avenues, people putting effort. and in terms of areas, it is domestic life. that has been a big moneymakerfor years. domestic life. that has been a big moneymaker for years. and of domestic life. that has been a big moneymakerfor years. and of course china. that is what they want to put a lot of emphasis on. and coming from bricks and —— brexit. it has so much of our opportunity elsewhere. thank you for explaining that. 30 yea rs thank you for explaining that. 30 years ago today, the zeebrugge ferry disaster took many lives. it size minutes after beginning its journey. ships bow doors hadn't been closed. today, ceremonies have been held in britain and belgium. our correspondentjoined families, rescu e rs

. >>> it's the end of the road for gm in europe. psa agrees to buy for $4.2 billion sending shares higher. >>> former director of national intelligence tells nbc there was no wiretapping of donald trump after the president accuses his predecessor, barack obama, of a watergate-style scandal. >>> good morning, everybody, and welcome to "street signs." deutsche bank shares hitting bottom of stock 600 of a after the group announced a strategic overhaul, 8 billion euros and reits issue to take place in march. they will list minority stake in asset management business to achieve capital ratio target, quote, comfortably above 13%. at a supervisory board meeting taking place over the weekend, the bank announced changes to its executive team, essentially chief financial officer and retail head named co-deputy ceos. they will work alongside chief executive. they will be uniting corporate finance, its global markets and its banking divisions. it also said that it would be holding only its trust fund unit which it's been trying to share for two

he called vauxhall a jewel within the crown of gm's european business.vernment did a deal to keep nissan in sunderland. the company was promised free access to european markets whatever happened after brexit. psa may well seek similar assurances. what more do we know about this? we know that the press have been invited to a press conference with the groups involved in this story. officially, there are no comments from either company. there was nothing they could add or see on or off the record. this negotiation has been very brief to joint companies, but general motors wanted to get rid of gm europe, it's been making losses for many years, and they want to focus on core american brands. for psa's point of view, they definitely want to be a bigger player in europe and this would make them toe to toe with volkswagen europe. there's the question of pensions? he's a very old companies with very generous pension schemes. there's an estimate they could be a pensions shortfall of 10 billion euros, mostly on the 0pal site, which is a german company, but about £1

to gm, though. gm shareholders are really liking that the stock is jumping more than 2.5% today. what's behind the move is causing gm management some real anxiety. activist investor david, that guy, attempting to jump into the driver's seat at the company. pressuring the automaker to make the market-friendly move of splitting the stock into two classes. one that pays dividends and then the other that also offers profit-sharing and share repurchases. the board already has rejected the idea. they say it is too risky but right now gm stock still charging higher. let me get to that breaking, developing news you saw moments ago. president trump signing that executive order to cancel the obama administration's clean power plan. this marks the president's first official swing at the epa, the environmental protection agency in an effort to roll back regulations. he's instructed federal regulators to rewrite key rules curving u.s. carbon emissions. fox business blake burman live at the white house with the breaking details, and it was dramatic. and if you're a coal minor, you are thrilled

[laughter] we are not here to discuss whether or not there should be gm of. the horses are out of the barn for decades now and so what i'mm interested in hearing about this evening is more about other technologies because it is such a small part to separate the larger landscape and then of course some issues about ethics and larger cultural questions. if we were to walk through thelh supermarket, what are we likely to put in our cards that might have gm knows sprinkled through them? >> depending how you shop and what coke you are, if you are buying processed foods that include different grain thehingh orioles, things that have cornstarch or corn product, the whole box and can part of the supermarket it's hard to avoid. if you are buying produce and fresh fruits and vegetables and meat, it is almost impossible to find anything. there's a few types of zucchini that have been genetically modified, hawaiian papaya. there may be other things coming down the pike but right now i think that it's pretty much thee limit of it. >> did any of you know that high a is gen

he wants one class to receive gm's current dividends and another to be more growth oriented.n a phone interview earlier today, mr. einhorn explained his plan. >> i would compare it to an ice cream stand, that just serves chocolate and vanilla swirl ice cream. if you gave investors more choice, some people like chocolate. some like vanilla, some like swirl. if you have to implement in our policy, you would wind up with one share each. so if you like the swirl that you have today, you could keep the swirl. if you would like to have more dividends, you could sell the capital appreciation sales. if you like just the capital appreciation the lone multiple, then you could sell the dividend shares and buy the capital depreciation shares. >> general motors is not buying the chocolate, vanilla or the swirl. they say it creates unacceptable risk. it is not in the shares, of gm up 2.5% today. >>> ford motor plans to invest $is billion at jobs. the investments were in the works, though, before president trump took office and the announcement comes a week after the auto maker provided a f

i noticed driving gm down. gm is getting rid of europe.ord has had problems in some of these if it's not latin america, then it's europe. and they go back and forth. they do trade and hedge on their materials, so that is interesting about the commodities because that may mean they got the commodities wrong. don't forget steel has risen in costs because of our tariffs in our country. emerging opportunities could always be positive because you don't know whether they're spending money to try to be in some markets they haven't been. nothing here about the f-150. nothing here about suvs, which are so lucrative. but i do want to point out that ford is only been indicative of ford. i think people really have to recognize that. we are pointing out that mark fields spent a lot of time with the president, that doesn't necessarily mean he shouldn't be on the assembly line. but ford has been such an underperformer in the group that you begin to question why can't they get it more right. now, they don't have enough china. gm moved into china very aggr

and for mary and gm to talk about retaining and adding jobs, ford doing the same. i think this is really encouraging and adding to the overall confidence with which we see in the business community, carl. i think this is great news. >> bob, it's jon fortt. it sounds like you're making this out to be kind of the auto industry's version of no child left behind, no car left behind. the government setting standards that are so high as to be out of sync with reality. but is there the chance that these types of standards are what was going to push the auto industry to a point of competitiveness in the future when it comes to things like efficiency and fuel standards, and that without it, the auto industry will end up disadvantaged longer term? >> no, jon, i think this was unrealistic, and the auto industry is going to have to make improvements, continue to make improvements, whether it's in safety, reliability, increasing the warranty on the drive train, the engine part, and obviously, continue to work on fuel efficiency. this was an unrealistic target that was really go

they haven't been profitable since the 90s for gm.sa joined the back gail bush versus taking over a dozen manufacturing facilities. meanwhile, germany's biggest bank announcing new plans to bolster its per-share sale. deutsche bank will seek to raise 8.5 billion through the sale which is due later this month. the move comes less than two years under a restructuring under chief executive john crime. shares of deutsche bank in the premarket. we could look at them. there they are. a little pressure in the premarket. finally, some of the biggest names in the music industry turned out for the i heart radio music awards last night. katy perry picked up the show with a pretty cute haircut. justin timberlake took home the first award of the night for can't stop the failing when he accepted the award, timberlake had a heart help message for his younger fans at the placenta. >> anyone that is treating you unkindly, only because they were afraid or have been taught to be afraid of how important you are. [cheers and applause] because speed differ

he called vauxhall a jewel within the crown of gm's european business.p nissan in sunderland. the company was promised free access to european markets whatever happened after brexit. psa may well seek similar assurances. the bbc‘s business correspondentjoe lynam says its expected to be confirmed in a press conference on monday morning. officially, though, no comment from either company when i called them last night, there was nothing they could add all would say on or off the record. suffice it to say that this negotiation has been very brief for two giant companies. general motors genuinely wanted to get rid of gm europe because it has been loss—making for about 16 or 17 years, and they can sustain it no longer. they want to focus on core brands in america, core american brands. for peugeot and psa, they definitely want to be a bigger player in europe. and this would make them toe—to—toe, almost, with volkswagen in europe. so there is a lot at stake. more than jobs and security as well, the question of pensions? yes, a really important issue actually. b

the facttis-s, means eading‘ino , ~ w- w to ukip. is t time me ‘t‘s ”gm ‘t‘t ”gm who ‘t‘t ”ttm who isck across to the conservative party is that under his own principles he would have to have a by—election. he doesn't want to do that. i suspect he willjoin the conservatives up just make joined the conservatives just make joined the conservatives just before the next election. just make joined the conservatives just before the next electionlj cannot just before the next election.” cannot help but think of winston churchill's phrase, he ratted and then re—ratted. churchill's phrase, he ratted and then re-ratted. douglas carswell is a tory and always has been a tory. as he said himself, as he was being interviewed this afternoon, he joined ukip because he was so passionate about brexit. at brexit is happening. ifi passionate about brexit. at brexit is happening. if i was a ukip minister i would say, that is all very well, but look at the political scene at the moment. we have a labour party that is deeply divided and according to the polls deeply unpopular. we have the liberal democrats,

>> i own gm trucks. >> farmer jim a little too revealing. >> by the way, really big trades in gm, tooht be on to something. >> very unusual. >> yes, very unusual. >> you have a final? >> yes, cisco. bought in big numbers and i followed in on cisco today. >> a number of stocks hitting new 52-week highs today. lennar. we like this? >> for the same reason as gm. purchases of housing has to go up. >> rogers. the demographic is coming into the age bracket where they'll start household formations. >> you don't care about interest rates? >> not yet. you heard me tubing to steve. i'm thinking about it. >> great weekend, everybody. "power" starts now. >> it does. a perfect ten, what the white house is calling today's job report. east german judge found one scary stat inside an overall good report. we'll let you know had an that is, straight ahead. plus, you'll hear exclusively from one of the most powerful men in washington right now, house ways & means committee chairman kevin brady, the man responsible for writing the tax laws, will join us. >>> and we found for you one of the most beautiful

gm paid 9 milli$9 million in got fines. before she became ceo, gm filed for bankruptcy.revenue of $66 billion last year. >> my love of math and science got me here. >> reporter: her father was a dyemaker at gm. she begn her career at gm in 1980, when she was just 19. you started here as an intern. and you've worked your way up. what have you learned along the way? >> growing up at general motors and progressing through to this position, it's all about people. >> reporter: from factory floor, industrial engineers, she is pushing for more women to be in leadership roles at gm. >>i >> i've engaged with women in the country to say what can we do to create a pipeline of women. >> reporter: bara is one of three ceos on president trump's economic forum. how important is it for women to have a seat at that table? >> i think it's very important. and i think it's important for business leaders to come together and really provide input. >> reporter: this past january, after bara was named the forum, gm made headlines when the president tweeted a threat, promising big border the act

what about gm, share buybacks are on the agenda. that is what gm intended to do with the proceeds.opeperspective is the from a regulatory perspective perspective has the average somewhat from our global operations and we need to find a way to get more scale locally here so we can make the investments necessary to be successful going forth. leverageportunity to to iconic brands is a big opportunity for a company like ours. we can expand the brand with a wider range of customers. and if we have a hard brexit as an example, it is much better to source from inside. onlet's turn to the latest brexit. stirling is falling to a seven-week low against the dollar. prime minister theresa may faces a new step back in the house of lords. added tondment will be this draft bill. is area they are looking meaningful vote to try to get theresa may to subject any deal she does strike to parliament for a vote. downing street does not like this. they view it as an impediment to negotiations. a worry that undermining the negotiation position and they would like to see none of that. it is a bit of a disa

i don't think investors buy into it all when you look at the price action with gm. >> how much financial engineering can you do? they haven't acted well if peak conditions. >> maybe it works. maybe you got a couple percentage out of it. you are in an industry, i mentioned that. there are some massive head winds here. we all know that auto coverage, we know it changes the game. we know millennials aren't going to buy as many cars in the future. to me, okay. you got to shuffle things around, move the shelves around a little bit. knock yourself out for a couple percentage points, this isn't the growth industry anymore. so you have to do these type of things. i would not buy gm because david einhorn suggested it. >> we have an auto analyst on from barclays talking about the proposal. essentially, he said, we think people are overestimating the peak impact of auto and underestimateing the positive impact of these guys, nobody is counting that in. they're willing to give high valuations for tesla. >> it's not big enough for gm to really move the needle. they have outperformed. you look at the

espn or is reporting the gm is no longer involved in the team -- espn is reporting the gm is no longerolved in the team decision-making. alison: they thought they had lost their best friend. jonathan: four months pomeranian more than 100 miles and how a d.c. soccer star save him. for years, fios has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 150 megabits per second across our entire network, to more companies, in more locations, than fios. we do business where you do business. ♪ ♪ labrador retriever blind and lost in the woods. there is a good ending. sage wandered away from her california home it was missing for several days. eight days later, sage was spotted by a man who was hiking. >> i put my arms around her and hugged her and carried her up the mountain. jonathan: he scooped her up and brought her back to her family. they were very happy. alison: thank goodness. now, they had lost all hope after losing their b

gm get ahareholders at share of buyback.this the start of you doing something different on the buyback side? >> we have been returning a significant amount of capital to our shareholders. this will just accelerate a piece of that. >> people are going to ask the question, you are exiting europe. you pulled back from russia. what's next? now is we are focused on really growing the parts of the business where we can be most successful. we have number one position in the world's largest most profitable markets. we have great opportunity to continue investing. we don't know whether it's hard or soft. do you think from a global perspective do you look at the favorablypotentially as an investment destination? >> there's a greater level of uncertainty. it could be something in between. wherever we see that kind of it makes investment decisions increasingly challenging. we will continue to sell aaa and cadillac in europe as we have over the last two years. the south of france, we are hearing from mr. alain juppe. and there was a lot

what about gm? share buybacks are on the agenda.t is what gm plans to do. >> being that europe is from a regulatory perspective and customer preference perspective, has diverged from our global operations. as a result we need to find a way to get more scale locally here to make investments necessary to be successful. >> having the opportunity to is aage two iconic brands big opportunity for a company like ours. to a larger group of customers. if we have brexit, it is much better the source from inside. let's turn to the latest on a brexit. sterling falling to a seven-week low against the dollar. theresa may faces a new setback in the house of lords. what happens today? what amendments will be added? >> house of lords looking to rewrite the bill. they won a meaningful vote to get theresa may to subject any deal she does strike in a couple years parliament for a vote. they do not like it, they view it as an impediment to negotiations. undermine herwill negotiating position and they would like to see none of it. >> it is a blow? >> it

thatine: headlines out of saying that gm is to trend towards a percent overtime. it over, any key standouts to you? where else did you think is starting to win out because the --pany said, actually corey: a lot of us are on the receiving end of questions of clouds. ie bottom line is what thought was fascinating was one of the opening comments. larger than be their license revenue for the entirety of next year. basically they're hitting the tipping point this court or -- quarter. this is now a part of the business that is moving the needle for the entire company. i think the moment here is i've spent so much time talking about the four horsemen of tech, the new companies as well as the large companies struggling for relevance as we moved to this new era. i think this moment is when oracle is making its bid. they are relevance. transformation is working. given the high double-digit bookings compared to their competitors the revenue story is going to accelerate overtime. interestingly oracle is going to matter more in the future and not less. in all of a position us

gm operating under vauxhall-opel in europe.ank has by far been the biggest story this morning. they are raising $8.5 billion this morning and overhauling their business as well. this is the third capital raising exercise in four years. they are including 2 billion euros worth of asset sales and reversing their decision to sell the bank community they announced earlier this year. a big change for that stock around 6% this morning. >> louisa bojesen, thank you so much. >>> several countries near yemen are already in crisis. south sudan and somalia are already in drought and a food crisis due to war. >> reporter: a region shattered by war now aching with hunger. >> we don't have enough to eat. we are in the war. and we have many problems. >> reporter: nearly two weeks ago, the u.n. declared a famine in parts of south sudan, the first such designation in such six years. in somalia, the government said 110 people have died of hunger in the past two days. the u.n. warning the nearby yemen teeters on the edge of famine. and a lethal h

david: the feet this -- the thesis is that some people buy gm for the earnings stream.people buy for the dividend. he considers it a depressed stock. why not give investors a choice to buy a dividend stock or by a rate was stock and capture the earnings stream? these twoave different instruments, you will have greater value on lock because people can buy what they want. they counter argument is there are too many things that would hurt the company's like guaranteeing a dividend will and the problem is we don't know if it would create this kind of value where to stock separately are worth greater than the whole is worth today. the two debate points on whether this would work or not is uncharted territory. 74.4 million shares. it is worth noting. the other automakers, will they have to face anything like this? mark: -- david: we don't have a track record of this can of thing. a lot of the other stocks, fort has a secondary stock. that is different than the common stock that most people buy. we don't have a great track record on this thing working. perspective, they are al

shares of gm were a fraction at 37.91. meantime, delta cut its first quarter operating margin forecast because of rising costs. also delta sees the key metric of passenger revenue per available seat mile as flat instead of the 2% rise previously expected. shares fell 275% to 48.85. deutsche bank is lose to raise $8.5 billion and sell part of its assets management business in a major strategic overall. it comes as the bank posted a net loss of $2 billion in the fourth quarter following a settlement with the u.s. government over housing prices. >> we were listen to go some feedback from the market where there was sll concerns which were to some extent shared by our clients and our counterparts bank shares fell 't hav nearly 4%, 1861. >>> a strain of bird flu was found in a tennessee farm contracted by tyson foods. the usda says this is the first confirmed case in commercial poultry in the country this year. nearly 74,000 chickens have been destroyed to ensure the disease will not spread or enter the food system. shares of ty

still no sitting of the redskins gm at the headquarters.e question is what's going on there we tried to reach out to mack clue and to provides give us some and gold. no dice. did he and the team part what is, he originally called those reports false. when we asked the team for comment today we got this. we are focusing on free agency. s that he's it. nothing about his employment status, nothing about who the we may include. > we'll keep an eye on this. the wizards on the road, starting in phoenix against the sun at talking stick arena. that's the name. great start for bradley beal. he scored 156 the first 18 points. they're up by 22 at one point second quarter, jason smith, tyler hules hits the deck right there. derrick bradley comes up and chest pumps smith which sets off a little scuff. just pleasantries. > brand the game is in the fourth quarter right now, wizards down by three. out in west palm beach. they're staying put down there. the nats hosting the red sox. the second inning wilbur defoe rips one past the third base bag and derek n

vauxhall‘s vast vehicle plant at luton, for decades a cornerstone of gm's european operations.hat happens here will be decided in france. creating uncertainty for thousands of workers. we've all been worried, of course. we're all going to be worried because we've all got families. i myself have been here nearly 30 years. disbelief because no—one really knows what's going on. as again, we haven't been told. do you think you are safe? i believe we are. i don't see the reason to shut it down. earlier in paris, peugeot's boss, carlos tava res, alongside his counterpart from general motors confirmed plans to create a european auto giant, second only to volkswagen. huge cost savings are planned, and we asked him what that will mean for vauxhall‘s workers. i trust my vauxhall employees in the uk, i trust them. i know they are skilled. i know that they are dedicated and i know they are committed and i trust that they will be in a very good position by working in a constructive and open manner, as long as we improve the performance and we become the best, there is no risk they should fe

60 months plus find your tag and get $5500 on select chevy silverado pick-ups when you finance with gm financial. find new roads at your local chevy dealer. take delsym, the #1 12-hour uncontrolcougcougdifor . which means, you're controlling your cough on your morning commute. and later when you're joking with beth... even when most cough medicines stop, delsym is still working. ♪ and when your days' over, your cough is still under control. thanks to the #1 12-hour cough medicine. delsym. the cough controller. >>> jessica boyington with the check look on the 130, the southbound is closed around copper street due to a crash. we have two northbound lanes closed as well. southbound traffic is completely closed down right now for this accident scene. still watching route 17, around cooper road over in voorhees. not a lot of cars on the roads here. other than that it looks like a good drive there. 95 through delaware is okay as well. you can see we're in green. 11 minutes on the northbound side as long as it's going to take grow 295 to 495. average speeds in the 50s. we look good for new je

much. >> thank you. >> command joining us there a short break when we come back subscribe to luxury gms out a service to let you ride in style for a monthly fee details on latest plans we hear from millennials next disney not the just for kids the new be keep you oni line will make you feel like a princes. back in a minute. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life welanned. see what a raymond james financial advisor can do for you. gentleman welcome back markets are pointing legislator to look dow industrials expected down 20 points, today, we've got a move in yields, as well to talk about we are watching shares of deutsche bank this morning, bank reportedly cutting bonuses to nearly 80% of staff last year, the cuts part of another rough year for deutsche bank reported ill loss 2016 down 2 1/2%, qualcomm "the wall street journal" reporting chip maker debuting new product focused on lowerriced cell phones in merging markets says product beginning shipping second quarter will bring faster wireless

in 2009 before she became ceo gm filed for bankruptcy, but now gm seems to be make ag comeback with ad you always know you want to go into this work? >> i love math and science. my love of math and science got me here. >> reporter: she grew up in michigan. she began her career at gm in 1980 when she was 18. >> you started here as an intern around you've worked your way up. what have you learned way? >> growing up at general motors, it's all about people. >> reporter: from the factory floor to industrial engineers she's pushing for more women to be in leadership roles. >> i've engage nd the top 40 won in the country. >> reporter: she's one of three female ceos on president trump's economic forum. how important is it for women to have a seat at that table. >> i think it's very important. it's important for business leaders to come together and provide input. >> reporter: this past january, gm made headlines when the president tweeted a threat promising big boarder taxes if gm continued to make vehicles in mexico. >> have you changed the way you do business because of this administration