gm says that could cause drivers to lose control of their cars.volves certain 2014 chevrolet silverado and gmc sierra trucks. most were sold in the u.s. gm will notify its owners, and dealers will update the software for free to fix the problem. >>> the long awaited stephen king adaptation of "the dark tower" took the top spot at the weekend box office. >> i see a tower and men in black and the gunslinger. >> it debuted with an estimated $19.5 million in north american ticket sales. the film narrowly eeked out the world war ii war movie "dunkirk." "the emoji move kwets came in third. >>> amazon is w offering audio books for dogs. thousands of classic titles are available. they're teaming up on the project with dog whisperer susan milan. listening to audio books rather than music reduces stress in animals. >> i wouldn't even know what genre to pick for me dog. what is he into? romance? horror? how do you figure that out? >> something calming. >> right, right. roxana saberi at the new york stock exchange. thanks a lot, roxana. >>> still to come, gun

the latest on this trade comes from the celtics gm.said boston was better off trading thomas for kyrie irving partly because isaiah has a injury that means he will miss the start of the season. meanwhile, the one-of-a-kind fight is almost here. boxing legend floyd mayweather returns after two years of retirement to battle champion conor mcgregor. it goes down saturday in las vegas. both fighters were greeted by fans outside the mgm this afternoon. this will be the most lucrative prizefight in boxing history. with a purse of about 390 million dollars. that yelling in my ear distracted me. the oakland a's beat the orioles 6-4. >> a looks so silly to me. >> you like me whether? -- mayweather. >> >> today was really hot and it sounds like it is going to get nice. steve: a cold front on the way tonight into early tomorrow morning. 84 for a high tomorrow. you will carry the game on used. 80 degrees on thursday and look at t 70's. into next week. >> jimmy kimmel is next. >> have a great ♪ hey, is this our turn? honey...our turn? yeah, we go l

the ceo of gm's car sharing subsidiary will join us. but first, mr.are you watching this morning? >> something interesting is happened in may, previous to that in april and just happened a couple days ago in august. it thooz do with treasury yields and the behavior of the vix. eae l talk about that after th brk. >>> here's what's coming up on the halftime report. top of the hour, famed investor david temper talking about the markets and his call on where stocks may go if here. and then the one beaten up name, kevin o'leary is buying. we're going to debate his trade and whether it's worth your money as well. and the latest on the retail wreckage, coach, dick's sporting goods getting hammered today is the bottom anywhere in site all that at noon eastern we'll see you in about 15 minutes. >> all right scott, thank you very much >>> as we're waiting for your show, we're getting into another resignation from the manufacturing jobs initiative at the white house. this is coming from scott paul of at license of american manufacturing. i'm resigning from manuf

. >>> on the "cbs moneywatch" oil prices hold steady and a gm truck raul.s at the new york stock exchange with that and more. good morning, roxana. the labor department said on friday they had 200,000 jobs. last week the dow gained 253 points, the s&p picked up 4 points, and the nasdaq lost 24 points. >>> oil prices edged down today, but they're still near nine-week highs thanks to upbeat data and u.s. oil drilling rigs. oil producers lead by opec have agreed to cut output by 1.8 billion barrels a day until next march. >>> gm is recalling pickup trucks because they could lose power steering. the recall involves certain 2014 chevrolet silverado and gmc sierra trucks. most were sold in the u.s. gm will notify its owners, and dealers will update the software for free to fix the problem. >>> the long awaited stephen king adaptation of "the dark tower" took the top spot at the box office. >> i see a tower and men in black and the gunslinger. >> it debuted with an estimated $19.5 million in ticket sales. the film narrowly elked out the world war ii war movie "dun

they got off in silver spring. >> gm is recalling 700,000 chevy and gm because of a possible steeringe steering maneuver and lead to an accident. the the 2014 chevy silverado and gmc trucks. good morning, thanks for joining us. i'm holly morris. >> and i'm wisdom martin. today is monday, august 7th. erin como watching the roads. mike thomas talking about weather. good morning. >> good morning to you as well. happy monday. we're starting off on a soggy note. it's going to be a little bit of a wet one. satellite and radar showing showers that moved through overnight. nothing too heavy just yet. we're expecting heavier rain later in the day. a swath of moisture heading in our direction as we continue to roll through these morning hours and again rain at times could be heavy. here's your futurecast. 8:30 -- 9:30 a.m. today, you can see the kind of green with the patches of reds. those yellows and reds are the heavy rain. we move into the afternoon. same kind of deal though it will be patchy, it will be around, it will continue through the afternoon and evening hours before things finally

but ford and gm thought they could manage it.at they did they wound up -- >> i want to get guy in here >> these stocks -- hertz and avis, they were in a bit of a death spiral into the summer june 26th, what was the headline that came out? apple was going to lease six cars from hertz. i'm not even kidding around. >> so how much in market cap each >> that's an important point there's a short interest that's explosive in both of these names. not a lot of positive news has to come out to spark the buy on both these names. >> all right last word. >> from an autonomous perspective, there will be so many new cars dropped on the used car market, unrelated to what's going on right now -- >> you're saying that's not retroactive. there might be technology you could overlay on a used car. >> there will be more used cars. >> okay. okay >> i'm sticking with it. >> double. maybe more says steve grasso coming up, the new iphone launch the rumors are swirling. we'll break down fact and fiction right after this break traders are betting the run is

a gm self driving division has its own right having which could be assigned gm is looking to developxis. acquired by gm last year's testing up a service for roughly 150 employees to be shuttled around silicon valley in self driving cars. also a partnership with the lyft to create self driving vehicles. silicon valley and detroit are enemies. they need to work together, doing things they don't want to. train to are you guys ready to get into self driving vehicles? lauren: i think it is commercial first baby of a couple years. cheryl: i'm not ready, but i'm a chicken. lauren: she's not a chicken. i'm more scared of the drivers. thank you, good to have you. coming up, investors rattled by threats over north korea's nuclear missiles. find out how to protect your investment from geopolitical risk. an iranian drone comes dangerously close to a u.s. fighter jet. we are on that story. you are watching "fbn:am". ♪ it's all right, it's all right, it's all right ♪ she moves in mysterious ways ♪ smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter

how many people work at the gm plant, can you raise your hand? any choice at the assembly plant? somebody might know that it's closed, it's just closed a. thank you. >> if we can hear the question back here, thank you. >> there's a chrysler plant just east of rockford just as well because [inaudible] they were earlier than here so i didn't look specifically that i know that there were people from the employment for a region. it's in the time the whole economy was bad so there were lots of jobs that have gone aw away. the customers didn't have the income they have had so it wasn't just gainesville and it wasn't just the auto workers. >> one of the things i already read the book. the parts that you left out you talked about the suburban leaving but you didn't make any mention at all that actually was kind of a unique story in itself in the relationship between union and management. there were actually two plant closings. >> i had to think about how to handle that, because if you are one of them working on that other contract, this book i'm a journalist, not a fiction writer and i t

of united states, gm and ford hitting the brakes. i am haidi lun in sydney.ack, up, the brics are inward fund flows the highest in two years. this is "bloomberg markets: asia." rishaad: right, records for the dow and onwards and upwards. the dow jones industrials up so far this year, 10% up, adding to the gains in the session on tuesday, we do have a move to gains toe, taking what? something in the region of 10.5%. 11%, in fact. that sounds good, but let me pull up this chart. btv 175 is telling you what is going on with the dow, u.s. equities, and how they are doing compared to the rest of the world. you could argue they have a huge waiting when it comes to global indices, perhaps reflecting the the blue line is showing u.s. stocks are ever so slightly lagging globally has we keep on striving towards global high records. haidi: that is almost unbelievable, really putting things in perspective. you do have the emerging markets inching higher. we see these renewed gains towards record highs despite the dysfunction that plays out in washington. earnings season

gm's silverado pickups were down 50% less month, the sierra down almost as much.kups were flat. the big disappointment there was with the full-size trucks. vonnie: people just bought enough suv's, is that it? jamie: still a huge bias towards suv's. everyone is getting away from cars, sedans, and coups. you look at toyota which had the good surprise today. it was powered by the rav-4, which has become the dominant vehicle. this was the company known for the camry and corolla. the top seller now is the rav-4 crossover utility. vonnie: what about discounts and so forth? they areand 10% drop, not something you sort of overlook and say, it was a slower order -- quarter. this is a sea change. if there guarantees, was any doubt we would see decline from last year's record pays and the records set the year before that, that can be given up now. we're still looking at what will be the fourth or fifth best year in the history of the u.s. auto industry. it is still probably pretty good but some discounts are coming in, they could get bigger, inventories are pretty large. we

below expectations with gm down more than 15%. the only one to buck the trend, toyota, up 3.7%.ecting it to be down 3%, so it was the bright spot behind the day. what was the weakness in july? fewer fleet sales. not only for general motors an and ford, but we heard this from a number of automakers they realized those low quality sales are not doing anything to help the bottom line also no love for cars. not a new story. it's been going on for several months inventories remain high. as you look at the annual awe sales over the past six years, prior to this month, people thought we would come in about 17.1, 17.2, maybe down to 17 million even and finally, take a look at general motors this stock was under pressure today after the company reported its day supply is 104 days you want that to be closer to 65 or 70 days now, gm will point out they built up that supply because they're going to be transitioning into new pick up trucks later this year, still, when you have a couple of months in a row as we had with june and july, where the day supply is over 100, that has people worried

, which is what was left behind when the government bailed out the company gm shares today were up a tick to 34.93. >>> nvidia reported earnings and revenue that beat expectations, but shares analysts were disappointed by the company's data center and autonomous driving businesses. shares were off 5% to 155.96. >>> intuitive surgical, which makes robotive medical equipment, says it is planning a three for one stock split. if approved, investors would receive two additional shares of what they own. shares rose to 942.25. >>> time for our weekly market monitor, who's finding opportunity in some maul cap names he says you want to own long-term. this is his first time on the program. matt fin. matt, welcome, don't be ners. s nervous. going to begin by taking something that cures pain. your first pick is is a liquor company. tell us which one and what they do. >> hi, tyler and sue. this is a really great company. mgpe ingredients is a low cost wholesaler of liquor to brandy companies, so as you know, brown liquor sales have been b increasing i dec and that benefits them because the profit

gm will notify the owners and they will update the software for free to fix the problem. >>> growers began picking this morning. they say heavier than normal rain and hotter than normal temperatures pushed the harvest about 10 days later this year. one vineyard manager says the weather conditions were just about perfect for the grapes. >> it ended up ripening the grapes nice and uniform and slowed them down just in time for harvest. >> reporter: right now, the growers are watching the grapes transition from green to purple. that's the signal they are ready to pick. workers started doing that today. >>> growers are having a tougher time in italy. soaring temperatures there and months of drought are contributing to a drop in production. >> reporter: a summer heat wave forecasters have nicknamed lucifer is bearing down on italy. they've jump started this year's harvest an average of 10 days early and production is taking a hit. this spokesman says the high temperatures have created a decline in production of about 10 to 15%. violent hail storms and frost also hurt some of the grapes. it

when i graduated, i felt a real sense of obligation to first go to gm. have a lot of other offers, but to go to gm with the computer science and engineering degree -- david: were a lot of women taking engineering courses in that time? ginni: what do you think? david: you hear of an opportunity to go to a company called ibm. ginni: some think there was a long thought out career plan. i'm sorry to tell you i had been working at general motors and while i liked what i was doing, i felt because i liked technology, it was the idea of applying it to a lot of different industries. my husband said, i have a friend and his dad works for ibm. why don't you call them? i think it was my husband who set the interview up. finder'sl paying that fee. [applause] -- [laughter] anni: i started out as systems engineer. i worked in banking, insurance, and i had many experiences throughout the years. andd gone into consulting have learned a lot of things, and it was time to do a different job. the story i tell is that i worked for a gentleman, a very good mentor, and he said

this week. , gm the automakeeek, gm. the automaker sold $3 billion in bonds.d states treasury says it will maintain the issuance of longer-term debt at $62 billion. officials studied the introduction of ultralong bonds and borrowing needs to increase is the fed traces balance sheet. elsewhere, and eye-catching debt sale they got a lot of people talking. i sold $1 billion of bonds due in 2023 have yield of 6.75%. investor demand was massive. market pointing to this iraqi offering as a warning sign of a potential credit bubble, a debt bubble. a bubble is something that former fed chair alan greenspan spoke about this week. he told bloomberg by any measure that real long-term interest rates are much too low, therefore unsustainable. when they move higher, they're likely to move reasonably fast. we are experiencing a bubble, just not in stocks, but bonds. this is not discounted in the market price. joining me now is michael nick.s, periya, and what is a bond bubble? how do we define it? priya: a bubble potentially would be you have got fundamentals and pricing tha

gm says some early chevy bolt models. low states of charge. that can make the electric cars abruptly stop. gm says less than 1% of the more than 10,000 bolts sold to date are actually affected here. they are now arranging to have the vehicles repaired. >>> today, you will see the impact new ownership of whole foods will have on your pockets. the company says it will immediately start cutting prices. some fruits and vegetables, beef, eggs and peanut butter will all be cheaper. bargains galore if you go to whole foods today. amazon isn't revealing how they picked the items they wanted to discount or how much prices would drop. on the list we have we're seeing a lot of the organic produce and proteins will be cheaper. this has many customers food quality. too early to tell you about most say amazon will not want to alienate devoted customers by lowering quality. >>> september is right around the corner. that means get ready for your favorite autumn drinks and foods. >> i'm not ready for autumn anything. >> no. >> give me at least through labor da

thousands of gm pickup trucks recalled because of a power steering problem. let's get details from landon downey, here with this morning's cnbc business news. good morning. >> hi. good monday morning. general motors is recalling nearly 800,000 pickup trucks. the trucks all from the 2014 model year could lose electric power steering, especially during low speed turns. and gm says the dealers will update the vehicle's software to fix the issue. >> let's talk about apple making improvements to the watch. what is that about? >> they always have something up their sleeve. that's for sure. apple is reportedly planning to release an apple watch that can make calls later this year. currently the watch has to be connected to the iphone to send a message or stream music and reports say that the major u.s. wireless carriers plan to sell the new device, but it is unclear whether you'll have to buy a separate data plan. >>> also, a quick check of the markets, on wall street, could start the week off on a positive note. the markets froze friday following the better than ex

when i graduated, i felt a real sense of obligation to first go to gm.ad a lot of other offers, but to go to gm with the computer science and engineering degree -- david: were a lot of women taking those courses at northwestern in those days? ginni: what do you think? david: not that many? ginni: no, i was probably one of the only woman in many of those classes. even then. david: you hear of an opportunity to go to a company called ibm. ginni: some think there was a long thought-out career plan. i'm sorry to tell you i had been working at general motors and while i liked what i was doing, i really felt because i liked technology, it was the idea of applying it to a lot of different industries. it was as simple as my husband said, i have a friend and his dad works for ibm. why don't you call him? i think it was my husband who set the interview up. to be honest with you. david: did he get a finder's fee? ginni: i am still paying that finder's fee. [laughter] ginni: i went to the interview and was hired. david: what area initially? ginni: i started out as a

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depictingegins by traffic jams, unsafe roads and city congestions, then documents the results of a nationwide gmtest seeking road system ideas. infrastructure advocacy helped result in the passage of the $25 billion federal-aid highway act of 1956. this is about 25 minutes. ♪

. >> we'll get gm in a few minutes. >>> meantime s&p will begin excluding companies that issue multiplelasses that takes effect today and does not impact existing members like alphabet and berkshire one company that will be affected is snap, class of stock with no voting rights, hit a record low in yesterday's trading. our friend josh brown said sometimes these interesting classes have consequences. >> look, i think that andrew, sorkin was saying this morning, the most buying group imaginable cfos and ceos who say i wish i weren't in the s&p a lot of what i do is being shot down by s&p selling. so it's a mixed blessing it's true, you want that buying power. but if you really excel, you could be brought down so quickly by, say, flash cash that happened in august two years ago. which, by the way, i am concerned about. remember that friday >> yes, i do of course, people made fun of me because i was like i have to figure out what's going on verizon was down 12 points. >> friday/sunday. >> two years ago when bullard said he wasn't worried about china. >> all the stocks gapping down for no re

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. >> how does this compare to gm?e look at ford and gm they have solid truck production but they are not all in the way chrysler is. for not being dinged being electrically minded. if we hopped back into the bloomberg and take a look at this great chart, it shows that we have huge performance over the last 12 months for fiat -chrysler up 80%. today but some of these gains reflect the fact that investors have been thinking that this could be happening anytime. something tells me that they would be happy to entertain a deal with the chinese. would there be a regulatory issue? >> that is a great question. that is probably something that could perhaps hold it up. i will have to look into that more. vonnie: i will talk you about it again. abigail, thank you for that. nejra: let's turn to japan where the economy grew for a six straight quarter extending the longest expansion and more than a decade. here is the latest from hong kong. >> a positive surprise out of japan this monday in the form of a luminary second-quarter gdp

depicting traffic jams, unsafe roads and city congestions, then documents the results of a nationwide gm contest seeking road system ideas. infrastructure advocacy, such as this film, helped result in the passage of the $25 billion federal-aid highway act of 1956. this is about 25 minutes. ♪ ♪ ♪ announcer: this is the american dream of freedom on wheels. an automotive age traveling on time-saving superhighways, futurama's free-flowing channels of concrete and steel. but these wide lanes of reality actually measure out to just a few miles, scattered far apart, across the friendly face of our land. we have become the nation on wheels. with more motorized mobility even ever dreamed of before. though we have the greatest in all the world, it cannot carry the mounting traffic of our growing greatness. ♪ announcer: we are running out of roads. we did not dream big enough. here is the problem, all mapped out. 3,300,000 miles of it, unimproved, improved, paved, superhighways, country roads, small city streets, big city , state highways, networking the nation. ♪ announcer: and here is the crisis,

julia: that was former gm chairman and ceo dan andersoake. let's take a quick break.ll ahead, we are watching the solar eclipse. wow. look at that now. julie: in washington, we have wilbur ross. there is jeff sessions. everybody. it brings the nation together, this u.s. eclipse. julia: wait a long time for the next one. 1918 was the last time. julie: 2024. from new york, this is bloomberg. julia: a specialist. ♪ from bloomberg world headquarters in midtown manhattan, this is "bloomberg ."rkets commodity markets are closing in new york so let's take a look at some of today's big movers. let's start with crude oil, which is now dropping the most since july 5. the opec technical committee is sent to see july compliance from opec and non-opec companies at 90%, which is below the 98% in june. accelerate, and it should start bouncing off the bottom. in metals, we have a rebound in gold today as concerns over the tension in north korea seem to be resurfacing to some extent. the u.s. and south korea have started military drills today. since we talked so much about gold and oi

in the deep freeze for gm auto sales.eff flock with the latest from illinois. >> this morning i managed a room of woody gmc out side of chicago. maybe you can tell i'm surrounded by suvs. in front of me, this is the only actual sedan in the show room here that is because people are just not dying mahler cars. take a look at the numbers. smaller the car, worse to fail some most. chevy sonic down 47%. the lacrosse you saw down 46%. that meant that last month 80% of the sales for gm were trucks or suvs, not cars. is the car dead? >> you've got to sell what the customer wants. right now they want the suv. there is some demand for the smaller vehicles, but not that much. as far as this caring inventory, we will sell what sales. reporter: gas prices have to play a big factor in that. in terms of cars on the lot, 76 days, lot ticket sold. that is the highest since 2009. do you have any concerns we are getting into a bubble again? >> i'm in that bubble. i've got over 100 day supply. come on income you'll get it. >> that's the thi

. >> gm getting to robo car employees. >> how wow feel if you got picked up for work every morning. >> i would have lot it. >> in a car without a driver. >> i would love it. >> love it. >> to be picked up and taken to work. >> okay. so, general motors was in a deal with lyft to experiment with ride hailing and car sharing and autonomous car all those buzz words and that technology and now experimenting in silicone valley with own workers ar arriving hail be the apptic. now you have gm doing uber thing and lyft things in autonomous vehicles. >> old school, new school, competition running deep in autonomous car business. >> long live the dvd. >> and us driving to work or taking metro or subway. >> 6:25 see you tomorrow lauren, bye-bye. >> see you. >> someone picking you up a morning. >> i cannot ma'am ini would accept a driverless car for that. >> that may be the way to test it on us for sure. >> i'm all in when it's done. >> when serve driverless. >> yes then will be fine ri right. >> close your eyes stick to the west. >> winds out of the north at 7 that is not your imagination. what i

barra helped gm adapt to the auto industry's changing technological environment.sits on the board of stanford university. now to a bloomberg scoop. apple is seeking to revive its video ambitions. the tech giant is planning to unveil an upgraded apple tv set-top box that can stream 4k video thanks to a faster processor and highlight live tv. apple tv trails devices from roku, amazon, and google in the u.s. set-top box market share. joining us, mark gurman, and still with us, our guest host for the hour, david kirkpatrick. mark, what do you know? mark: we know apple is going to be announcing a new version of its apple tv set-top box in september, alongside the new iphones and lte apple watch. it will stream 4k video. emily: this is largely expected, right? mark: because we broke the news on it in february. we said that apple is testing the set-top box. j106. named codenamed j105. now we are breaking the news that it's been announced. emily: we know apple is planning to spend $1 billion on original content. we have talked a long time about whether they had something

the biggest names in business who sat on the strategy council including the headings of blackstone, gmpsi, walmart -- they employ hundreds of thousands of americans. the collapse is an unprecedented rebuke. a rebuke to the business, frankly, of the president. despite agreeing with climate change and immigration, most ceos were willing to work with him until he insistence that both sides were to blame in charlottesville, spurring customers and activists to pressure to cut ties. many did in statements called out a sitting president. we've never seen this before. big ceos calling out a sitting president like jpmorgan chief jamie diamond. he accused the of equivocating. and he's relying the biz community to push on things like tax reform. many ceos may think twice before working with trump in the future. the bottom line is their employees and brand recognition were two big problems. it's been an uncomfortable relationship from the beginning with the business leaders and the president. some, frankly, were at the table with him for the photo ops because they didn't want their p.r. department

sports director gary radnich sat down with the gm at team headquarters...and myers gave us tons of insight. they discussed his relationship with steve kerr, his early career as a college sports radio host, and a great moment came when gary asked him point blank...what will break this team up? "a couple of teams now, this guy doesn't like that guy. someone wants to be traded, do you ever worry this will to you?""oh it's going to happen. i hope not soon, but yeah it will happen. it could be ten years, it could be five, it could be 20. the idea we are going to be inhuman. now if the question is if wether it will happen to our guys, no because i know them and i know what they are about. the answer to all this is yeah who knows. in a world of a lot of media there's a lot of big egos and personalities big money big pay days big exposure highs and lows of winning and losing. will we one day have two players that don't get along? yeah man, it's going to happen " tonight at 10 so people recognize the difference between a 25 and a 19 mile and

boycott president trump's two business councils disband as ceos of blackstone, jpmorgan, pepsi and gm protest his failure to denounce white supremacists. >>> a divided fed. july minutes show some policymakers pushing for caution on rate hikes due to low inflation, while the hawks believe it's risky to divert from the path of normalization >>> blown away vestas shares sink as the danish wind turbine maker misses profit expectations >>> good morning it's thursday. we have another jam packed show for you. let's kick things off with a look at the european equity markets. we are fairly even steven. we are looking at a 0.1% decline for the stoxx 600 this morning we've lost a bit of steam in today's trading session after three days of gains. let's look at the european markets one by one the ftse mib in italy hanging on to some marginal gains elsewhere, the xetra dax, cac cac seeing small declines. we have plenty of data out today in the form of july retail sales, eurozone inflation and the ecb minutes. when it comes to the sectors, we're seeing once again basic resources leading the charge u

gm and ford are going to make a ton of money at this level >> okay. doc, tesla, after the bell. >> the stock has made an 18% correction from the recent highs. today i've noticed some upside call buying. 320, 325 on up i'm betting on performance >> did you see the dollar today? the euro is hitting a new two-year high against the dollar we'll give you the trades next on that on "half." >>> welcome back to "the halftime report. i'm jackie deangelis the euro hits a 2 1/2 year high against the green baback there are renewed concerns about the chances of pro growth policies there are 15-month lows. what else is pushing us lower? >> you talked about low growth maybe there is no overall stimulus package coming down the pipeline this year when you look at the german boone and japanese ten-year, that's been the flow of the u.s. dollar which our ten-year yields seem like eternity it seems like you want to chase yield in other parts of the world and if you look at the boone which holds above the 49% basis level, if japanese yields break above 10.5, people will ch

gm and ford gasol slumping deliveries last month. the cars, no longer driving the growth.rofits.ny's quarterly headwinds ing brazil and russia. in twoe highest and -- years. betty: i am betty liu in new york where it is just after 7:00 p.m. yvonne: it is just after 7:00 a.m. here in hong kong. it has been about the apple earnings. it was maybe a slow quarter before the new iphone, that we were going to see potential delays on that front. betty: it feels a little like deja vu. we have seen apple disappoint before on their numbers with investors for giving apple. there is certainly more tepid revenue numbers just in anticipation of the new devices, the new iphones to come. this one that is anticipated really has to deliver or justify the amazing stock rally we have seen an apple. yvonne: absolutely, i think it is 30% this year. let's see how the rest of the markets will be. a little quiet on the d.c. front. here is how new zealand is faring. we just got the jobless rate 15 minutes ago, falling to 4.8%. the reaction on the kiwi, we are down 6/10 of 1%, .7421 for the currency.

its vision of a high-tech, clean energy future has made it more valuable than ford and gm.esla says it faces at least six months of manufacturing hell as it ramps up production but also says there will be zero concern it will meet its targets. it will be a nervous pmos for can -- for investors as they see as they see it tesla can keep the promise. in new york, tesla was driving the market. can tesla really keep its promises? >> at least up the last quarter, they burned less cash than expected. even if they are not profitable, they have enough cash to fulfill protection plans. on the other side, the big russian is if there might be any delays with production. you also have to see that the suppliers will speed up their deliveries. the employees of tesla will be challenged. we have to wait and see for the next couple of months if everything goes smoothly. wall street seems to believe so. the stock was up by a good 6%. daniel: we're seeing president trump handing out sanctions. china next, we hear. surely, he wouldn't want to threaten his key trading partner. are these empty th

or ford i don't see people lining up to buy gm or ford cars. if it's never going to make a profit, probably not tesla was just a car company, most likely no however, if it's a tech company that makes incredible machines, that can eventually turn a profit, the answer might be yes. you love the car, you love the stock. it is that simple. secondly, other stocks are historically expensive right now. and perhaps with slower growth, both here and abroad, other than europe the asset class could be overvalued the asset class. i get that, troo too but here's the problem, i don't want to stop at the asset class. i don't like to look at the top and make a judgment. i'm a bottoms-up guy not just some basket of commodities. listen to the corn market, you're not looking at individual ears but these stocks, we look at the ears let's do this. let's look at the ten best performing stocks in the dow jones average this year. see if we can make a rational case for their moves for where they are now i get it this is a random selection but why not put the leading ga

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during the cadillac made to move 2017 clearance event, current non-gm owners and lease on this cadillac ct6 from around $529 per month. nancy: you always hear about lost jewelry popping up years later. a woman in canada went to her garden to pick carrots. alison: find a one caret diamond ring. she lost during judgment ring in the house before. she kept the loss a secret until her daughter found it in the garden with a carrot growing around it. >> she says, is this your engagement ring? i said, yes. telling herad of husband, she bought a slightly cheaper replacement ring. she has warned it until now. which she got back, she told her late husband would have cracked up at the situation. corny talking about s?e carrots around the caret robert: really good. nancy: i've been working on the delivery. robert: it was great, nancy. training cam p may be finished, but the work is not. ♪ ♪ award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. this august visit your

tesla is the story today though, getting a boost now worth more than ford or gm, again, the electric maker posting a smaller loss than expected sales nearly double. partly thanks to preorders of the new model 3. the company burned through more than a billion dollars in it's most recent quarter as it tries to get the three, production going, get the factory up and running. henry, some people have a problem with it, some don't, what do you think? >> i think they will need to continue to factor into your owning the stock they're going to be back to raising more capital. the idea that they're suddenly going to turn into this hyperefficient cash machine doesn't make any sense i think stepping back from it, eventually, tesla is going to trade at 20 to 25 times earnings we know that but, wow, is elon musk compelling as a leader, even beyond tesla, but the things that he makes happen that just seem impossible to everybody else, i've talked to portfolio managers recently, they used to own the stock because of that. it has the reminiscence of early google, early facebook, early apple recovery,

gm said early chevy bolt models have an issue. remaining driving range at low states of charge.hat can make the electric cars abruptly stop. gm says fewer than 1% or less than that they're arranging to have the vehicles repaired. >>> there is new boss at uber this morning. expedia's ceo, dara khosrowshahi is the uber top executive. he's taking over after a scandal filled year. changing the culture, which has bullying and sexual harassment. >>> a water rescue mission on the potomac river. the dramatic scene that unfolded and two men ended up in the water. why witnesses say they chose to dive in. >>> new images of the wild water rescues in texas. how one driver got into trouble and how he got out. a special live report from nbc news now minutes away. >>> good morning at 6:00 a.m. the first day of school for students at fairfax and prince william counties have a good day. i'm eun yang. >>> i'm aaron gilchrist. >>> we'll have you back to school coverage plus a special report on the impact of harvey. >> fooirirst, we get you out th door on time on the storm team 4 weat how is it feel

what would you say to that gm ceo that changed his image radically every day? >> would i say what any third grader would say to them, you stant for something. a brand is a set of you're going to stand for nothing. you within i would say people are going to turn you o flchlt nothing matters anymore. that's what happens. yours sffrpgs richard haas and we've all seen this through the years. at what point does his grace pull on to this and at what point does the stop trying to ul f the media is evil, the media is bad, the take news, fake media, fake news. after a while there were reports that the crowd started to dipercent and fade away in the middle of this speech in phoenix and that it wasn't as big of a crowd. independe independent. for frmt nobody was listening by in can be krk if you're going to feed the best, you have to keep it most and more and for me it impossible to sustain. >> and is this attempt from dies buyon ands will fchls it raises at least foreign policy concerns overseas because these things are heard around the world. it's not just an person ech