there are a lot of different organisms that are gm owes. from a plant point of view, those of us who do these things to try to improve agriculture, we would consider genetic modification the classical way or the modern way by adding genes or tweaking them. >> okay. >> that's what's so exciting >> i will come back to you about some more excitement. so ted, the next natural question would be, has there been work and how do we know these things are safe >> well you never know for sure because you can't prove a negative. science doesn't prove anything and anytime somebody demands scientific proof of something, whether it's scientific proof that human beings are changing the climate or proof that gm owes are safe, you know they are using debating tactics and that is not something that can ever be provided. we have an awful lot of evidence. if you think about, i have to say, i find it persistently puzzling what intense controversies there are around dmo. it seems to be a strange place for people that have passionate feelings and acute political c

everyone probably drives one of these, ford, gm, honda, daimler.kswagen, big names, so a big index. up more, mazda, porsche, kia. here's the etf. i think you can draw the lines like this, but i think ultimately we're going to break to the down side as least to there, if not more. let's peck a stock. gm, one way to draw the lines. here's another way to draw the lines. let's put them together. i'm looking for a move to these lows at 30. >> all right. gm reports earnings next week. what's your trade? >> i'm looking at the june 33 put spread. you can spend 80 cents with that. we have that catalyst. it takes us out to june. this is a technical trade. because on any of those. many of these stocks are cheap. we are talking about a big secular shift that's going on here. >> this is a short that feels like it should be pressed. ford is down almost 10% in the last month. i think the long-term trend line that you drew, that gm, it had a bounce earlier in the year. it's come back. that a bit of fundamental news will take it through there. >> deteriorate winner

to answer bob nardelli, what gm should do? gm should say, we are not going to colonize mars, we are going directly for neptune and saturn. >> the other point here is as we continue to gain energy independence, fuel prices are down, another record-setting year of driving, the best performing retail was auto parts. i'm not sure the need or the competition. again, the tesla is a little bit about status. it is about being brag doecious. i have got one. if you have a family, if you talk to the owners and you have a family and you want to drive on vacation, you are going to have a hard time. >> you want a mini-van. the 1.9 litre combination, continuous regeneration is probably more appealing now on an interim basis. we'll get there. not in the short-term. >>> president trump also speaking out this morning saying he still wants to tackle health care before getting to tax reform. a new health bill is currently being circulated to make it through the house and senate. what is the possible impact on employers that are expecting tax refo

for gm, it round tripped a lot of moves from early november. you have a stock yielding about 5% or something like that, as far as a dividend yield. tim said 5 1/2 times. but the only other thing i'll say is that we know about the news about einhorn last week, he wants to split the stock. the company obviously said no. you have an activist in there, when the only thing they can come up with financial engineering, you probably want to steer clear. and probably wait until -- >> but that wasn't them coming up, it was einhorn. >> i know. >> they declined it because they think they can grow in other ways. the more focus on the suvs and truck market, that's what continues to sell. and obviously they sold off some of their european entities and so forth. i think the focus on the asian market is going to be huge for gm, and ford for that matter. but gm, if they can have great success there, suddenly you can start to put a band-aid on some of this bleeding that we've seen. the stock last week got a little bit of a pop up. it's right back where it was. it

gm, 10% down. i'm looking for a move to these lows at 30. >> and gm reports earnings next week, so mike, what's your trade? >> i'm looking at the june $33-$30 put spread. you could spend 80 cents for that. the catalyst takes us out to june. this is a technical trade more than based on the historical fundamentals, because based on those, many of these stocks look cheap, but we're talking about a big secular shift going on. >> and this is a short that feels like it should be pressed. look at ford, down 10% almost in the last month. i think the long-term trend line that you drew, gm had that little bounce earlier in the year. it's come back to that. a bit of fundamental news is going to take it right through there. >> and you've got trouble spilling over. so, aap has been bad, carmax has had trouble, great winners like autozone, meaning there is something going on and the notion of cheaper expense. we saw this trade at 2% -- >> and you definitely want to use options to make a short, though. looking at

the whole group, gm in particular. looking for 10% line. >> if you do that, put spread earnings. >> can i make a point. it's a nice consolidation. it can break out. to me qqq strategy is impressive if you have massive performers. >> it looks like our time has expired. for more "options action," we'll see you back here next week at 5:30. meantime, have a great weekend. "mad money" is up next. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. hey, i'm cramer, welcome to "mad money," welcome to cramerica. other people want to make friends, i just want to make you money. my job is not just to entertain you but to educate and teach you as well. tweet me @jimcramer. maybe you can't smell it yet, but panic, it's in the air. panic that comesro

last week there's a lot of attention paid to this green light proposal with gm to think about gm in termsome share and a growth share and while it's interesting for gm, i think the more interesting statement is applying that thought process to the rest of the market, to intel, where their stocks yield as much as their bonds do and i think the income share that you're buying in those companies accounts for almost all the value -- or almost all the price you're paying and you're getting growth for not very much today for what the market has asked to you pay for growth. it's another way of saying stocks are cheap given where bonds are as antive. >> kevin made the point why would you buy a ford or gm. if you're betting on autos buy a parts maker. is this one of the reasons you like delphi automotive. >> we own gm. we like delphi. it sells about ten times expected earnings for next year. should grow as fast as the s&p 500 because it's exposed to a connected technology, environmental and safety, which are all growth areas for auto parts companies. i think also the auto parts companies today hou

i'm with gm management on that.ter approach for gm to take, will be hard for them to do that, but a better approach is eventually eliminate the dividend. it's a cyclical industry, why not go no dividend and gm has a really good capital allocation frame work for returning capital buybacks. in any case, buy backs are a better way to get money to shareholders because you don't have uncle sam in the middle. >> depress the share price? people are there now partly attracted by the dividend because it was high when the stock was cheap. what happens if they leave? >> i can't see gm -- first of all, we shouldn't be making decisions because of stock price. that's not a good idea usually. i'm not saying this to drive the stock price up or down. awl i'm trying to say is that if the business delivers cash flows and it's run effectively, eventually, the stock reflects it. i've been a shareholder in gm for five years. we have not seen much of a return. i think he is fantastic, the company is run really well. they are firing on all

the same is true of gm and less so honda.erprise value of those big automakers still exceeds that of tesla slightly. what this is really about is that enterprise value of the total company is still amazing when you look at tesla given their lack of production of automobiles. julie: ok, so when does all this belief, when does all of this stock price value translate into the actual stuff? there is certainly a growth level for tesla, right? ever become worth it, so to speak? tesla and all of elon musk's ventures are all about what's about to happen or what could happen someday and whether the promises will be met. when the rubber hits the road come upon certainly intended, that is when issues arise. is the model three going to be any good? is it going to be as cheap as with $35,000 advertised? veryodel as looks different when it hit the streets as opposed to the glamorous they view had down in los angeles a month or for or year before the model s hit the street. gm is already making a $35,000 electric hybrid car. i got in this g

in a statement, gm downplayed potential legal exposure. it said, quote, as a practical matter, this doesn't change the landscape much in terms of the gm litigation. >>> medical device maker dickinson, it will acquire cr bard for $24 billion in a deal that will add new products to bechton's portfolio and help it create treatments. bechton also said the merger will help sales overseas, particularly in china. shares were off about 4.5%. cr bard was up 20%, or nearly so, to $302.41. a drug mark is alleging mi lan engaged in illegal business practices to make its life saving epipen more affordable for consumers. they said mylan offered rebates to insurers and medicaid, under the understanding that the treatment wouldn't be eligible for co mylan shares rose nearly 2%. and santa fe gained 4% to $45.90. has bro benefited from strong demand for digital games, as well as licensed products like nerf and transformers. we've got a few of those at my house. it was the first time hasbro has beaten mattel in quarterly sales since the year 2000. the shares

we go to stocks for gms mentioned. -- for gm, as mentioned. show herely stole the because as traditional cars are having some trouble, tesla has beaten all records in terms of a 25,000 delivery for the first quarter and let us going to the bloomberg if we can. what you had from the founder tesla, elon musk, was a tweet that pokes fun. stormy weather. the stock targets minus where the stock is, the bottom of the stock price, a lot of analysts are unconvinced -- >> that is the wrong chart. bring up the tesla chart. su: in any event, that was the inventory. i think u.s. versus eight shows a drop. tesla certainly indicating, there we go. unconvinced. a lot ofne is -- analysts are unconvinced the stock could really come up and meet the expectations in target price. betty: there was also dealnews. this one involves another consumer stock. su: this has been a hot stock since last year. it was up some 25% and what you have is a report from people close to the matter. penelope has gotten takeover interest. gotten takeover interest. the stock was up 12%

he said tesla is overvalued and gm is undervalued.s came close to a record $314 a share before dropping and up more than 44% so far this year. gm and ford both down. lauren: tesla school. cool ceo, cool cars. tragedy love their suvs. we'll see where it goes. transferring exclusive interview with maria bartiromo p. she said, donald trump as he took aim at syria. >> when you drive gas or bombs that have these massive arrows with dynamite and a drop them in the middle of a group of people and in all fairness you see no arms, no legs, no face, this is an animal. lauren: strong language. what is next for this year he later? we will ask evan siegfried, vigilante presidential campaign taking a look at the market. features at 25 looking at the dow retail sales from the end of the week. you are watching "fbn:am" at 8:42 a.m. in the east. sub-saharan ♪ e live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial

venezuela has already taken gm down there and gm is saying we will have nothing more to do with thisthink crunch time has arrived. >> yeah. stuart: crisis time is here. it's now. liz: a good point. canada has oil reserves too. but canada to dan's point has a diversified capitalist model and venezuela took everything stuart: that's very true. you're all right. thanks for joining us on thursday morning. >> keep an eye on it. stuart: we will. i think there's going to be headlines out of venezuela. >> yeah. i do too. stuart: now this. the cia. i was just talking about them. the cia is launching a manhunt to find the mole who is leaking documents to wikileaks. judge napolitano is here. what do you know about leaking? >> it probably is more the fbi with the assistance of the cia. i mean, this is certainly someone who had access to these materials, so it's a finite and relatively small universe of people who could have done this. so the fbi would be seeking guidance from the cia as to who are the people likely to do this. the fbi has actually arrested a couple of people in the past year who

let's take gm. >> how about gm. >> gm is the rodney dangerfield stock of the stock market, but face ityou're waiting for the stock to appreciate, it's up a little bit on the year. you get this 4.6% yield along the way. they will probably raise that, cha traded something like 1.1 times book value. this is a ridiculous price and a value that's gummed up by a lot of good will or stuff like that. it's six times earn, u be the problem is there's half f a world thinks earnings are going down versus last and half the world thinks it's going up. i happen to think it's going up and the evidence in the earnings says it is. >> i think half the world that's bearish on the stock sees that used vehicle prices are dropping like a rock. delynn quincies in terms of auto loans and pef talked about that, too. >> but here's and that's a very good point. the other side, the bull case says let's keep this simple. the labor market is very, very strong and as long as the labor market is strong, the average age of cars in america, something like ten and a half years. people want in general new er cars and if t

it is even bigger than gm and the 55en you look at billion dollar enterprise value and gm at $40 billion>> that's right. edge to their value. this is more of a symbolic ament when tesla has crossed line of being more five hole than gm and ford. you have to look at why. investors are seeing tesla as the leader in autonomous vehicles, of electric storage. they have a lot of businesses with potential, and that is what everyone is playing for. general motors and ford, auto sales are trailing down. both companies will still make a lot of money this year, but investors are seeing this as the and maybe wed us will put our money someplace else. tesla, there is still hope they can grow and get a bump in the stock. jaffray put it as optimism, freedom, defiance, the thing that auto companies are struggling to replicate. the disparity and number of cars these companies are pumping out. 10 millionl sell cars this year. tesla got a big bump in their stock when they sold 25,000 in a month. 10 less thanf general motors. look, it is not about car sales right now with tesla. model threethe coming out, the

past ford ande gm.with bloomberg's detroit bureau chief. >> tesla has more debt. this is more of a symbolic moment where tesla has crossed the line of being more valuable than gm and ford. you really have to look at why. investors see tesla as this possible future dominator of electric cars, maybe electric cars or electric storage. they have a lot of businesses with potential. it is a long-term play. with general motors and ford, auto sales are starting to trail down. both companies will make a lot of money this year, but investors are seeing this as the best is behind us over the last 12 months and maybe we will put our money someplace else. tesla, there is hope they will grow and get a bump in their stock. caroline: piper jaffray put it as optimism, freedom -- struggling to replicate that symbolizes where tesla is. remind us of the disparity and the number of cars these companies are pumping out. >> g.m. will sell about 10 million cars this year. tesla, they got a big bump in their stock when they sol

is that not the case in this instance for gm?tors has probably been benefiting the most in terms of when you look at incentives versus transaction prices. general motors has been below where the industry average has been in north america. while they are moving up the percentage of those incentives relative to what people are paying at the dealership are below industry average. yes they are moving up for gm and for everybody else, but relative to the transaction price general motors is lower than its competitors. >> on the bid ask on my screen it's indicated a little bit lower than where it closed yesterday. closed at 34.54. an ask of 35.35. was there anything in the numbers that were little weaker or what we're looking at it the board has it indicated higher. >> reporter: nothing that stands out here. the biggest question that's out there for analysts is when do we see as this auto market starts to turn over, when do we see some impact because let's be who nest. what's driving gm right now is the strength in north america. trucks

there are two figures from the gm sales release. attention because it will be troubling to some people. the first being that their prediction for the industry sales, the rate of sales this month is just $17 million. most will saying it will be 17.2, 17.3. it's not as optimistic as many thought. inventory, in this supply you want your day supply to be about 70, maybe 75 at the most. industries -- gm's day supply for vehicles at the end of last month, 98. 98 day supply. so there's an example of the inventory backing up gm sales are up 1.6% below the estimate of an increase of 9.6%. back to you. >> all right. phil, thanks for those internals. >> well, that's very disappointing. that's very disappointing. i know that there's a lot of hoopla about einhorn's proposal being able to separate the the two streams. the income stream and the dividend stream and the stock is now back to where it was when einhorn proposed that. >> a lot of hoopla, it didn't lass lo last long. it was completely rejected by gm that said it had reviewed the proposal

as much as gm edging them out a little bit today. >> what is behind that? are betting his vision for electric cars and possibly vehicles you can rent out to other people is more likely under him than say gm. >> this is about tesla's potential>> that's what stock prices are about. the future and potential in the marketplace. potential revenues and profits. >> general motors sold 20 times the number of vehicles than tesla. general motors is only worth $50.3 billion. how does it make up that?>> gm purchased a self driving startup for a deal worth potentially $1 billion. a right healing company trying to beef up his muscles and the future of mobility space. i was in detroit last week and detroit executives are frustrated when they see tesla stock prices. >> so it's above $300 for sure. how high will they go?>> that's the question. we will probably see volatility over the next few months. they're going to be bringing out the new model 3. they think the price should be $35,000 making it a more mainstream vehicle. can elon musk bring it out this year and really ma

gm says it wants to access the world class talent pool in the bay area. . general motors pulled out of taken by tesla. in napa earthquake repairs just started on the hiftsic goodman library the magny nude 6.0 hit two and a half years ago the large will have roof replaced and extensive work done to replace the interior. the restoration will take about nine months mp femalea is paying 75% of the cost of repairs. >>> also, in the east bay, a now mosque a getting ready to hold prayer services. >>> in this one unique led entirely by women. coronell is live in berkeley with the story. >> this mosque behind me the first of its kind in the bay area. the founder says she is boldly going where few muslim women have gone before. . the call to prayer is being perfected and so is the sermon. >> when i was 12 i went to the local mosque. and i was told that i couldn't come to the mosque because i was a girl. >> it's a rehearsal for the bay area first women's mosque led entirely by women. founder heard the calling when she converted to islam a decade ago. >> a in decade th

>> coming up, we head to the auction block where gm just delivered a record quarter.his is bloomberg "real yield." ♪ ♪ jonathan: i want to head now to the auction block where em just keeps surprising to the upside. $58 billion of benchmark eligible bonds. looking deeper into the numbers, the appetite was strong for financials, the sector even outpacing supply for energy. in south africa, check this out -- even with a downgrade to junk, investors bid more than six times the amount on offer on a government bonds sale this week. i want to get back to the panel. it's like this blanket trade, even with the downgrade, it was by south africa in that auction this week. what is the takeaway? >> the take away is there's nothing else that offers value is a consensus trade, but at least there is a decent entry price. price is important. everywhere else, i would argue be patient. we like e.m., but in the context of a de-risk portfolio. >> and i fading the reflation trade? what you've seen with breakevens doing this and rolling over, nominal yields doing this and rolling over, and

metro gm's plan to fix the beleaguered transit system is ambitious and comprehensive. it called for $1.5 billion in capital investment for ten years split between regional and federal governments, $500 million per year from a dedicated regional revenue stream. it would cap jurisdictional contributions at 3% annual growth so there is a limit to what taxpayers would be required to kick in. the plan called for a rainy day fund. >> if this region doesn't get behind him now then the region gets >> reporter: d.c. council member advocated for regional funds to be dedicated. >> our riders who are voters should vote out of office every politician that doesn't support this. >> reporter: larry hogan says the federal government should step up and pay more to fund metro. he says maryland is the largest funder of the system paying more than virginia, the district and the federal government. >> the discussion i had with the secretary of transportation was 40% of people are federal government workers and you need to pay more. they are trying to cut. they only say $128 million and 40%

let's start with gm.was it a couple of weeks ago we heard -- the green light in their proposal to have two classes of stock and it was roundly rejected because the board met with green light and they're evaluating the proposal and they were concerned on a number of fronts including potential down grades of the credit rating. it's funny on day one of that i made the observation that green light typically doesn't engage in proxy fights. well, they're proving me wrong here. nominating three members to gm's board. leo hindry. he's still out there? >> wow, i thought he was more of a tv guest. >> leo. nice to hear that you're still around. great. >> yeah. >> sethi and thorndike, jr. housatonics partner founder. green light goes after gm about this particular issue which is one of the crucial ones. because s&p and moody's came out and said we might downgrade you if you were to go down -- around and do this. separate, you know, into the dividend related security and one that was based on the growth of the company

gm is retreating after almost two decades without a profit. that is the latest from the business desk, back over to sarah. >> we will take a look at some sports news because this season is fast approaching its climax and if the results go their way. >> relegation's threats in this. they will be desperate to take every advantage. >> the weather but similar. the german cup troops are shattered in a near eight days. >> the moment is not easy, it is difficult. we have to be focused on the next game. >> if the closest challenge is likely to step up, they can wrap up the title. they will be away by the fact that this -- that they sealed the deal. they also have something for everybody to play for. in the 20th season, they are mired in the relegation battle. the coach is nonetheless happy with his players. >> things are getting better every day. i can only expect improvement in every match. football is not that easy. we have made important progress. it certainly won't be a walking apart for the record champions. it could be a happy and to a dark week

well gm john lynch and company wasted no time using those picks. and a 4th rounder to the seattle seahawks to move back into the first round. number 31 overall the 49ers took alabama's line backer ruben foster. he slid to the end of the first round after he had a diluted drug test. >>> well the 49ers sent out this tweet from john lynch. today was an extremely productive day. we got two of our top three players we are thrilled and ecstatic. the move from the 49ers office are excited. >>> there's some controversy this morning surrounding the oakland raider's first round pick last night. the raiders snagged quarterback garrett conley but earlier this week conley was accused of rape. raiders gm says his team did quote miles and miles of research on the corner back before selecting him. conley has not been arrested or charged and denies the accusation. >>> now you can head over to our website ktvu.com to see how social media is reacting to this year's draft pick and you can also check out our sammy says. >> is that our sammy? >> that's our sammy who kno

gm says it wants to access the world class talent pool in the bay area. . general motors pulled out of taken by tesla. in napa earthquake repairs just started on the hiftsic goodman library the magny nude 6.0 hit two and a half years ago the large will have roof replaced and extensive work done to replace the interior. the restoration will take about nine months mp femalea is paying 75% of the cost of repairs. >>> also, in the east bay, a now mosque a getting ready to hold prayer services. >>> in this one unique led entirely by women. coronell is live in berkeley with the story. >> this mosque behind me the first of its kind in the bay area. the founder says she is boldly going where few muslim women have gone before. . the call to prayer is being perfected and so is the sermon. >> when i was 12 i went to the local mosque. and i was told that i couldn't come to the mosque because i was a girl. >> it's a rehearsal for the bay area first women's mosque led entirely by women. founder heard the calling when she converted to islam a decade ago. >> a in decade th

i'm a little frustrated gm holder.ou a chart i find the most distressing, which is a chart of the pe ratio of gm versus the ratio of the s&p. can you see the nice increase in the s&p and look at the bottom line that ge, gmpe ratio is terrible, which reflects the expectation that earnings have peaked. it's interesting, know, that this expectation has been around for a while. yet they continue to earn and earnened ea and earn. i don't do you get it to clang? maybe they earned a lull in the markets. we need so see them do nicely in a down turn in sales. >> maybe they can see peak vehicles. >> they said that two years ago on this chart. so, i don't know, i'm still long. it's a frustrating position. incredibly cheap. it can stay that way. >> back to your call on the valuation, i'm in the name as well. i'm not in ford. i sold late last year. i think you have a company that's still delivering on their margins. i think what they're doing in carolina is very interesting with saic. even though we we heard, i think a lot of that

new gm john lynch as well as kyle shanahan. colin. >> the raiders will be picking their first pick in about an hour from now. baseball and the sunshine giants and dodgers who is that in kerch durant. >> my gosh. >> hanging out. >> he was sitting couldn't see how tall. >> kd and wear years have time on et last night just like we go to extra innings the dodgers come out on top l.a. scores four runs in the tenth inning. dodgers win 5-1 split the series. >> bay area women recorded in the restroom at work. what happened after they reported that crime to police? we investigate. tonight at 11:00. >> jeff back with us now we saw the sunshine and everyone at at&t park all weekend long. >> stay with us. see on the extended forecast 80 extended on saturday. possibly 87 by next tuesday. 89 on wednesday. may have to revise that put in a few low 90s a smidge cooler heading into next thursday's forecast. looks great. >> this is a pina collada weather. have a great evening. >> bye-bye. >>> nick cannon on the hot seat about mariah. are they sec

caroline: gm has the chevy volt. similar price point, but the optimism is still much higher about the model 3, which is yet to start coming off the production line. >> the big car companies had seen hybrid cars to meet regulations. tesla made electric cars cool. the model s is a cool luxury car, sleek, and fast. the sport utility vehicle, not as cool, but a neat vehicle. it has falcon wing doors. luxury buyers who bought porsches, audies, and bmw's, a model 3 still has a design that looks like it is still in the same family, but some people just fire to drive a tesla or a piece of the elon musk allure. the brand has become powerful because of those initial vehicles, and now people who can afford a $40,000 car can get a piece of that, but a chevy that looks like a compact minivan, not so much. caroline: let's remind ourselves it is number 6 in the world when you are looking at auto companies. it could quickly get to the fifth-place if honda does not look out. >> they could pass honda soon. getting to the value of toyo

the 49ers rookie coach and gm looked like shrewd veterans on night one of the nfl draft, moving up and down to get two players they hope will be stars on defense. the '9ers traded back a spot from two to three and got three picks tr the bears, then selected solomon thomas. he and '9ers gm john lynch attended a class at stanford a couple of years ago, lynch going back to complete the degree. thomas 6'2", 258, a man that can put pressure on the quarterback. >> it means the world. it is the biggest dream come true. this is what i wanted to happen. i'm happy to be here and to be a 49ers. >> the '9ers later swapped a second and fourth round pick to get seattle first rounder and selected reuben foster, at one point considered a top five pick. foster had an altercation at the nfl combine and a diluted sample and shoulder issues. those issues caused him to drop to 31. but the first linebacker taken by the 49ers since patrick wilson. >> i got to the point we felt he was a game changing player, and i think for that you go with the best player and that's what we did. >> what a night for stanford

fink and will be larry the ceos of ibm, gm, and walmart among other companies.is sahil kapur. what do we expect to hear regarding this meeting? many of the ceos have given their thoughts to the president -- president. what will we learn? sahil: this is a meeting between president trump and 20 ceos, and issues have not been listed but expected to come up our infrastructure and tax reform. they are in the early stages of dress -- crafting a plan. be from diverse backgrounds and companies ranging from walmart to ibm to gen gm and tesla. it is not clear what we will be hearing from them that president trump is amidst crafting policy plans for things like taxes and infrastructure. the white house billing this as a listenings -- listening -- listening section -- session. vonnie: apparently they will be discussing strategic priorities for five cabinet members and their staff. does that mean we are getting closer to some kind of actual proposition when it comes to taxes and infrastructure reform and various business interests? sahil: the white house is not put a timelin

and you have a fantastic product lineup that doesn't get the credit they deserve. 2017 for gm is ther of the crossover. the terrain getting regan. it is the hottest thing in the u.s. right now. trump keeps talking to the automakers, about the automakers, tweeting about them and meeting with them. does donaldl impact trump have on u.s. automakers and the u.s. economy, in general, through the automakers? there are a tremendous amount of jobs through the auto industry. according to a think tank. bey have said that it could jobs throughout the economy that could be unrelated. the tpp recently. i think nafta is a big one because even the american automakers such as gm -- they make pickup trucks. even ford makes sedans in mexico. so if that were to change with a huge tariff, it would be brutal. vonnie: david s. whiston, thank you. nejra: still ahead, dr. toby cosgrove is our guest. this is bloomberg. ♪ nejra: live from bloomberg's world headquarters in new york and london. vonnie: this is "bloomberg markets." we're waiting for weekly u.s. oil inventories from the department of energy. up 1

aboveeek, they popped up forward and now they have taken on gm. that is one reason they are higher today. what makes this remarkable is the fact that tesla's estimated revenue for this year is 11.3 billion dollars versus gm at 160 $3 billion. some are scratching their heads at that. but we do have them as the biggest automaker right now. and the only take a look across assets. not really a risk on or risk off day. trading is down slightly after haven bonds are rallying. the yen is lower against the dollar. gold is down but the fix is higher. on-riskt really a risk off day despite the fact that we have major averages on pace for the best day since april. mark: stoxx 600 down and we have been stuck in a trading range today. we rose last week by marginally gaining for the best run since geopolitics ist overshadowing equities which will come through in the next couple of hours. berkeley shares were down and are now higher. the chief executive will be reprimanded at barclays. it will be investigated how we try to unmask a whistleblower last year. the t

the 49ers rookie coach and gm looked like shrewd veterans on night one of the nfl draft, moving up and down to get two players they hope will be stars on defense. the '9ers traded back a spot from two to three and got three picks tr the bears, then selected solomon thomas. he and '9ers gm john lynch attended a class at stanford a couple of years ago, lynch going back to complete the degree. thomas 6'2", 258, a man that can put pressure on the quarterback. >> it means the world. it is the biggest dream come true. this is what i wanted to happen. i'm happy to be here and to be a 49ers. >> the '9ers later swapped a second and fourth round pick to get seattle first rounder and selected reuben foster, at one point considered a top five pick. foster had an altercation at the nfl combine and a diluted sample and shoulder issues. those issues caused him to drop to 31. but the first linebacker taken by the 49ers since patrick wilson. >> i got to the point we felt he was a game changing player, and i think for that you go with the best player and that's what we did. >> what a night for stanford

gm is doing well navigating a environment. are probably expecting a sharper decline and that is going to be driven by underperformance of residual values and not to get too complicated over the phone, but when residual values fall, oem's like gm have to make changes to leasing practices. lease payments will go up and that will hurt car sales and truck sales and we think that is the big issue people are waiting for. david: before i let you go, i want to talk about a different part of the auto force. tesla, their stock is up. how is that going? james: it is going very well. model x deliveries were 2500 -- wehigher than the estimated. demand is very strong for the higher-end teslas. we think the stock is a model three focused stock for this year and we have a few months until we see whether or not they can hit their targets in terms of production starting and ramping over the back half of this year, but clearly a better number out of the higher-end tesla units in the first quarter. david: james, thanks a much were jumping on the

gm puts on the brakes. the automaker will idle factories. we will tell you what is behind not move next. right back here. ♪ think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp maria: welcome back to the passenger dragged from his seat in an overbooked airline flight is now suing the airline. lauren simonetti with the latest. >> drama continues. dr. gal who was left with a bloody face after forcibly removed from the overbooked united flight on sunday. lawyers now asking an illinois court to order the airline to preserve surveillance footage and any information related to the fly. they plan to hold a news conference in chicago this morning. meanwhile, the city itself taking action. tomorrow is or is involved in removing him f

this explains the push of companies like gm, ford, and mercedes-benz toward self-driving automobiles.a they work? >> camera systems act as the eyes of the vehicle. identify things like stop light, pedestrians. but they have problem with things like weather and depth. they send out electro magnetic waves to measure reflection. and toound the vehicle determine if there's anything in the vehicles have. systems are mounted on the roof, spinning at high waves. ofy currently cost upwards 70,000 dollars per unit. these three systems give a taunus vehicles and accurate view of the vehicles around them. -- and accurate view of the vehicles around them. >> connected and a taunus are developed in parallel. a you will start to hear more about the ultimate implementation. >> it is the brain. imagine in internet system working with other systems. it receives and fills request. as you add more devices, it becomes increasingly complicated. >> how does it manage all of this data? to vehicles ins the immediate area. for example, if my car is breaking rapidly, only vehicles within 200 feet need to know.

gm $163 billion. get tesla's market cap is now larger than that of gm.ered 80,000 80 but -- automobiles last year, jim deliver 10 million. think you very much, abigail doolittle. kevin: janet yellen is expected to be at the university of michigan later today. in the meantime, her colleagues spoke wi bloomberg earlier today, and wait on the importance of balance sheet normalization. four point $5 trillion is higher than anybody thinks it should be. that's number one. if you want to create some policy space for the future and have the option of doing quantitative easing in the future, you should start getting the balance sheet down to a reasonable size today. allow theve to do is reinvestment policy to end, then you can gradually run off some of the balance -- balance sheet size over time. if you think it is lumpy, if you look at the pictures of what is ensuring when and what month and that kind of thing, it looks kind of lumpy. but we could manage that and smooth it out in such a way that it declined at a given right. i do not think this is a matter doing

as it expands production here, it may not be long until gm sells more cadillacs in china than in the u.s. >> we are among the fastest growing luxury brands in china. and i'm very confident we'll be able to continue. you will most likely see a double digit growth this year in china. >> reporter: a big reason is not only because it's more cost effective to build here, but vehicles assembled in this country are not hit with a 25% tariff. that's the tax that china puts on all imported autos. and it's a hefty tax. but it hasn't stopped automakers like bmw from shipping thousands of suvs from its plant in south carolina to dealerships in china. u.s. exporting ten times as many vehicles to china as it imports? few expect president trump to start a trade war with china. >> the reality is that for most global automakers, american ones included, they produce most of their vehicles here in china. so the tariff issue is only for a very, very limited segment of vehicles, high performance luxury vehicles that are really almost immune to pricing. >> reporter: that's good news for chinese customers

elsewhere, tesla company it's now $51 billion which is a des malmore than gm, gm worth 50.9, the mostaker by value. >> thank you. >>> still ahead, the on-air mistake that has reporters around the world sharing their embarrassing moments. plus, the trio that is too much for the internet to handle. you're watching "early today." just like my moderate to severe rheumatoid arthritis. and i was worried about joint damage. my doctor said joint pain from ra... can be a sign of existing joint damage... that could only get worse. he prescribed enbrel to help relieve pain and help stop further damage. enbrel may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. tell your doctor if you've been someplace where fungal infections are common or if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for... heart failure, or if you have persistent... fever, bruising, bleeding, or paleness. don't start enbrel if

carmaker, bumping gm from the spot. tesla, valued at $61 billion, $64 million more than gm.n 2016, gm sold 10 million vehicles worldwide, more than 130 times the number sold by tesla, which is 76,000. >>> coming up, the giants hope to continue the home opening dominance. they were taking on the hottest team in baseball and the sellout crowd was silenced when buster was hit in the head. highlights and reaction, coming up. strap what is cool about your school? email your nominations for us. cool schools @kpix.com. ,, jack vo: things get a lot more interesting at night. jack vo: vampires wake up. jack vo: werewolves come out. jack vo: the boogie man gets his boogie on. jack vo: and my hashbrowns turn into my new munchie mashups. jack vo:they come with crispy hashbrowns and tasty white cheese mashed up with your choice of savory egg and bacon, buffalo chicken and ranch, or jalapeños and bacon. jack vo: so you can keep going until the sun comes up. jack vo: ouch, that's gotta hurt. jack vo: introducing my new munchie mashups. only at jack in the box. >>> good morning. drama at th

gm ron hextall who knows something about the position disagrees. >> you have to have two goalies.ean, look what happened to that montreal last year. it's -- the games are too many competitive. you don't win games without really good goaltending and if you have one guy and he plays 70 games, there's going to be a few games there where he doesn't perform up to his best and you can't afford that anymore. >> ron hextall speaking from experience. >> yes, thank you so much joe. very good to have you here on sports. >> indeed. >> still to come a mom is taking her walk to school very, very seriously and her sons wouldn't have it any other way. >> i try to do things like that with them all the time. this one was i guess a little bit more extreme and it got a lot of attention. >> why this mom says she always wears her t rex costume and we're going to show you how so many people found out about her morning tradition ♪ ♪ with simply right checking from santander bank, just make one deposit, withdrawal, transfer, or payment each month to waive the monthly fee. and there's no minimum balance. y

this explains the push of companies like gm, ford, and mercedes-benz toward owards autonomous vehiclehnology. but, how do they work? >> camera, radar, and liday are systems that act as the eyes of the vehicle. they easily identify things like stop light, pedestrians. trouble determining the exact size and shape. current cost upwards of 70,000 dollars per unit. these three systems give autonomous vehicles an accurate view of the world around them. >> this combines autonomous vehicle technology. >> connected autonomous vehicles are sort of being developed in parallel. a you will start to hear more about the ultimate implementation. >> th ande short range communcication system is the brain. imagine an internet system working with other systems. it receives and fills request. as you add more devices, it becomes increasingly complicated. >> how does it manage all of this data? >> it broadcasts to vehicles in the immediate area. for example, if my car is breaking rapidly, only vehicles within 200 feet need to know. however, if there is a car blocking the interstate, vehicles as far away as

her book janesville looks at the devastation caused by the closing of a gm plant in the town during the great recession. it is a look at some of the events book tv will be covering this week and many of these events are open to the public. look for them to air in the near future on book tv on c-span two. this weekend book tv is life from the 22nd annual los angeles times festival of books. our two-day coverage starts today at 1:30 p.m. eastern with a conversation about biographies . at 3:00 p.m. a look at the republican party. it is a discussion on the environment with steve early. another day in the death of america a chronicle of ten short lives. and at 7:00 p.m. david horwitz on his book big agenda present trumps plan to save america. watch the 26 annual festival of books. like live today starting at 1:30 p.m. eastern. so the third major character in this text william lloyd garrison. went on to become one of the most famous if not the most famous white male abolitionists in history. he was also involved in the founding of many of the principles with the anti- slavery societies that r

they passed gm this week. gm has been on a roll ever since they went bankrupt.ot sports utility vehicles. they've got trucks. big profit makers, huge profit makers. if there was no tesla we'd being saying 'gm looks great.' but in the world of tesla where they're going to be delivering a new third vehicle, they've got a fourth vehicle lined up. they're going to space. they're going to put solar panels on our roofs. everybody's talking about the buzz tie towards the potential of a tesla and not the reality of a general motors."fletcher: "is that why it's in your losing. . . .i was curious why you thought this was a negative."black: it's a loser because it's a value stock and we love value. it's got nice dividend. they're doing well but ultimately wall street's saying money is saying. . . tesla is going to eat you. tesla's going to grab you. tesla's going to take you down like a shark. so the future doesn't look bright for general motors, if you're looking at the business aspect of where the money's going." fletcher: "don't forget you can always reach out to rob. a

. >> a bit of a reach to surpass gm. right, phil? >> yeah, but they're nip iping their heels.t's not going to happen real soon, but they continue at this trajectory and if gm continues to languish as ford is, don't be surprised if we're talk iing abt that atom so many point in the future. >> is this an indictment of ford and gm or just hoping gone mad with tesla? what has to actually pan out for this relative value to make sense? >> well, you have to believe that the model three is going to be successful for tesla and not just that they dlefr it, but that will it will be successful. >> thank you for that. we're watching egyptian president arrive at the white house this morning. pretty much on time. eamon javers, wea've sot of raised the curtain, but it's not just a bilateral. it's a, woing lunch following by the meeting with the secretary of state today. >> that's right. a whole series of meetings. you see the president there at the west wing door. this has become a tradition for this president doing the official handshake and greeting at the west wing door there. that's somet