why now for gm?s the -- ford: it is the deadline opinions and testimony on this 232 investigation. it tries to find out if imported goods are creating a national security risk. they do with aluminum and steel, and the excuses that aluminum is sod in military production, we need healthy aluminum smelters and steelmakers throughout the country, and that was an acceptable reason, the commerce department decided, so the tariffs got put in place. with the cars, they are still investigating are giving this a good look and wanted input from the carmakers and anyone else who had interest. automakers decided to let their trade groups handle it, gm decided to come out with a two-page, fairly direct payment on this saying they do not like it and it could result in a smaller gm with fewer profits and fewer jobs. say, this is you unusual for general motors amongst its peers, but also the company itself to be taking this sort of adversarial attack with the administration. what is that telling us, and doesn't signa

>> absolutely. >> it's not just gm, right? it's harley-davidson. i can think of no more iconic brand than harley-davidson now exporting some of their production activities. the president tweeted. i want to put that tweet up on the screen. here is what your boss had to say with regard -- he said they surrender, they quit. what was harley supposed to do if the cost of bikes was going to rise by about $2,000 each? >> so harley, i think for america here out there was speaking with a little forked tailpipe. for example, they closed a facility with 800 workers in kansas city to ship that production offshore to thailand. they love -- harley, unfortunately, iconic though it may be, loves to ship their production offshore rather than build here. i think president trump felled betrayed legitimately by this because we've done so much for that company, including the tax bill. the tax bill is a tremendous boom for corporations and a great move for american workers. what it does is stimulates investment here and production here. it's unfortunate that companies l

tell us about what gm is doing.lly have been talking about selling cars to individuals or not so much? david: gm wants to start with ride-hailing services that runs without a driver. that is the first thing they were duped or could they sell cars to individuals that drive themselves? it is possible. those vehicles are expensive right now. and will be for the foreseeable future. you have to start off with a delivery service before they get into anything like that. what gm is trying to pull together are a network of other starting their own ride-hailing business once they get the autonomous car going, or someone like uber, and they have been rebuffed fight uber before. with softbank as an investment, could they possibly get an entree the? it's possible. caroline: mark, this is where the tactics differ. at waymo, your hearing them talk of making this an autonomous vehicle to individuals. this is not all about getting them as a taxi service. mark: yeah, the ceo has mention that is part of his four tier business plan. i

gm shares down 1.5% at 44.21 at this hour. business' jeff flock was in the room for the meeting and has more details, jeff? reporter: yeah, i tried, ashley. i triedo get an answer on that trade question. the other headline though is electric so i'll get to her and what she did say in a moment but first electric you mentioned before the break. gm despite the big display that it has of these high powered race cars, at its corporate headquarters in detroit that's corvette cr-7 by the way made for the 24 hours, gm has committed to an all-electric future. that is to say in the next five years, gm will introduce 20 all- electric models worldwide. currently, the company only has one all electric. that's the chevy volt with a v. i should say with a b, not to be confused as i just did with the chevy volt which is actually gas powered as well as electric. they only have one now they will have 20 in the next five years and they will eventually say make only electric cars and trucks. can you believet? it's hard to believe but that's what

so a lot of smoke and mirrors with gm and others. what we're seeing is the trump tariffs are working. and the bigger picture, michael, let's please understand two things. >> can i get a question in on this? >> absolutely. >> it's not just gm, right? it's harley-davidson. i can think of no more iconic brand than harley-davidson now exporting some of their production activities. the president tweeted, i want to put that tweet up on the screen. here's what your boss had to say with regard. they surrendered. they quit. what was harley supposed to do if the cost of bikes was going to rise by about $2,000 each? >> so harley, i think, for america here out there, it was speaking with a little tailpipe. they closed a facility with 800 workers in kansas city to ship that production offshore to thailand. they love -- harley, unfortunate, though iconic it may be, loves to ship their production offshore rather than build here. and i think president trump felt betrayed legitimately about that because we've been so much for that company, including

the first of which is all the international portfolio moves gm has made in 12 months.gest of which is exiting europe, exiting a bunch of other countries in asia, going to restructure the korea business all together, the moves, we think, add a couple billion, two and a half billion to profit and worth more than $10 a share. second is cadillac there's initiatives in place to double the sales and profits of cadillac that we think could add almost $1 a share, maybe 75 cents of earnings worth another $10 of share not properly priced in the stock, and third is all their adjacent businesses that gm defines as enstar and gm financial business, all in, that's two and a half billion in profit over two years, another $10 a share. the stock's worth $65, up 50% from here despite the good run in the last couple days issue and that's auto 2.0 piece. so cruise is - >> coming back to that, assume you get from $65 to 75 i want jamie to weigh in on what you said on the first part >> sure. >> you know, jamie, general motors did a lot, to its credit, to reinvent the business, are they gett

to sell here this is all happening while uaw-gm workers here in the u.s. laid off and unemployed. why is general motors bringing back the blazer? because it's a hot market right now for crossovers look at the sales in the first quarter for general motors these guys aren't the only ones who realize this is what people want high profit margin vehicles like a crossover are in demand and so they're going to add to that with the chevy blazer, again in showrooms next year. as you take a look at general motors exports from mexico are up 39% this year. general motors exports, melissa. and this news, maybe the optics aren't the best. they announced this vehicle and announced that it's being built in mexico one day before they layoff 1,500 workers at the lordstown plant in ohio. >> phil, thank you phil lebeau in chicago what do we do with general motors >> buy it or deny it >> no, no, that is not a thing that does not exist. but in thames of autos -- >> i would deny it then. >> you see what i did there? gm last fall traded up to 45 valuation is a compelling argument

bring up prices, bring down demand, gm has to employee fewer people. it does not quite like harley but close were gm it is a direct statement. takenave not really public stands, if any opposing the president. have a feel for how many vehicles are talking about? you're not just talking about finished vehicles, you are talking about parts that go into vehicles. what can you tell us about that? about fromtalking mexico alone, 800,000 vehicles. aided of the vehicles are actually sold in the united states. convertibleuick they get from china but you are adding it up and you are getting a million vehicles. that depends on how trump would structure a tariff. vehicleshe number of from general motors you are talking about. still a significant number coming into the u.s. by comparison. harnesses, a lot of that is done in mexico because it is labor-intensive work. most car companies are getting electronics from china. that is important. those are high-value parts. the vehicles. to you are probably talking about every car built here. most of the vehicles are carry

is this investment a vote of confidence in gm >> thanks for having me.ing it's an important component to what all auto manufacturers and supplierers are tiers are tryin, create a nar tefrative around technology they shored up their core business from a margin long-term. this is an element where we think gm is a leader, certainly among oem peers if not among waymo and others this is a very important data point here from a valuation perspective on a business that was progressing faster than the market may have appreciated. >> we've been trying to understand the winners and losers after that imposition of tariffs. what does it mean for the auto players? >> i don't think it really impacts gm, ford or chrysler or the 25% imposition on imported vehicles broadly there's an imbalance globally period we think certainly more tariffs probably is not good for any of the autos. at the margin we would favor midline domestics like gm, ford, chrysler relative to imports like honda and toyota. there's far more questions than answers at this point. a lot of these vehicles

so, this is a nice story for gm.that these are not hugely profitable vehicles because they are small and pretty cheap. carol: talk about it. that's what i thought was interesting. when you talk about baojun, this is a $6,000 a car that they are selling. were they see better margins is on the price of the cars. talk about the branding are selling in china. >> baojun started out in 2010 selling the small, cheap cars. the cheapest one was a small hatchback that sells for about $6,000. they have since moved up the range, so now they are selling a full-size suv that goes for $11,000, and or goes up as high as $17,000. they had the seven-passenger van that sells close to $20,000. so the vehicles are getting more expensive. and from a profit standpoint, the other part about this is that they make them inland, somewhere that is about a two hour flight from beijing. that is pretty far inland china. the supply chain is cheaper there. the vehicles of still not the same margins as you get on say a buick suv, or a cadillac, but t

gm saying again -- a lot of people don't realize this, gm has committed to an all-electric future.l not make any cars that operate on convention algas-powered engines. a lot of people don't know that, but that is the future. of course; they've got the chevy volt out there right now that is doing pretty well, despite the fact they make most of their money on the cadillacs escalade right there. speaking of cadillac, i love to go to shareholders meetings because you get shareholders that ask questions that us journals would never -- journalists would never ask mary barra. what's the deal with t doggone alphabet soup for cadillacs, and you know what? the guy's right. ats, cts, xts, ct6, x4, he said you've got one good name, escalade. that's the one that makes all the money. i would point out that back in the day theyed had el dorados, they had cure devilles, they had fleetwoods. now, those were names of cars. marchly barra did not have an answer for that question, but has an answer for stockholders, the stock up 29% under her tutelage in the past year compared to 7% for competitor ford

emily: gm president dan ammon on bloomberg television.ing up, has walmart gained the upper hand in the competition to dominate the global e-commerce market? we will discuss, next. bloomberg technology is livestreaming on twitter. you can check us out and follow our global breaking news network on tic toc on twitter. this is bloomberg. ♪ ♪ emily: this is "bloomberg technology." i'm emily chang. this week, amazon and walmart both holding their annual shareholders meeting. outlining accomplishments of the year and goals ahead. this is competition between the two companies heats up. walmart has been making aggressive moves to catch up to amazon. most recently with the purchase of a 77% stake in india's market. for more, we are joined by a former executive at amazon working on retell merchandising -- retail merchandising and supply chain. now he is ceo of glimmering commerce. it is a tech platform that works with the retailers. what is your assessment of amazon versus walmart? guru: if you look at india, it is the biggest, one of the biggest a

this is a nice story for gm.ust that these are not hugely profitable vehicles because they are small and pretty cheap. carol: that's what i thought was interesting. aojun,ou talk about b this is a $6,000 a car that they are selling. baojun started out in 2010 selling the small, cheap cars. the first one was a small hatchback that sells for $6,000. a full-size selling suv that goes for about 10,000 or $11,000. they have the seven passenger van that sells close to $20,000. the vehicles are getting more expensive, and from a profit standpoint, the other part about this is that they make them in somewhere that is about a two hour flight from beijing. the supply chain is cheaper there. the vehicles of still not the same margins as you get on say a buick suv, or a cadillac, but the president of the company described as a solidly profitable business for them. they expect to see a lot more growth. a company called lmc automotive's sees the chinese market growing in the next five years. i the rest of them will be on the l

." >>> gm is bringing back the blazer it's building the suv in mexico. it comes as president trump fires another warning shot on trade calling for a tariff on cars. >>> this red hot stock is up 30% in 2018, up 85% in the past 12 months how much higher can it go? we will talk to the ceo of this mystery company when she joins us on "power lunch," which starts right now ♪ who can it be now >> men at work welcome, everybody "power lunch" is on. i'm tyler mathisen stocks rebounding now on this lastity trading day of the week. finally the do you higher for the first time in nine days. trying to avoid its first nine-day losing streak in more than 40 years. triple digit gains biggest in more than three weeks. all three major arches are on track to post a weekly loss. >>> oil rallying following an opec deal. we will head to vienna for details on that in and the rally in oiling is fuelling energy stocks it is the best performing s&p sector today, led by marathon. >>> i'm melissa lee. what else is happening this hour >> the supreme court saying the government canno

so, does the gm administration approve of mr. pruitt's waiver? >> i don't -- can you ask last part of the question? >> does gm agree with mr. pruitt's opposition to the california waiver? >> that's not a question about the midterm review? >> that's right. it's a question about your agreement. >> i'm not really prepared to give general motors' point of view on that question. the propulsion systems and product development and we are here to talk about, you know, octane, and engines. and i'm not really informed about the waiver, or whether that's okay or not okay. >> this is an important question to california and the nation in general. the automakers understand in my opinion that the high fuel efficiency standards are in their interest, in the international auto market. they should be in opposition to this potential opposition. >> we have a midterm statement on the review and i'd be happy to share that with the committee. >> all right. mr. thompson has proposed replacing the renewable fuel standard with 95 r.o.n. octane performance standards. howev

. >> when you ran gm, was this corporate policy and do you think it could be in the future?> i didn't run gm i was vice chairman. but i helped run it. and i controlled product development. i did not control finance and sales. and i'll tell you, all of the american companies i've worked at, whether it's ford, gm or chrysler, i've seen a lot of bad counterproductive behavior by setting quarterly targets. the big fear is that it would come in under what the analysts' expectations were. if that were the case, ceo would rally troops and say guys we've got to make those earnings per share. what else can we do? that's when a lot of really stupid, counterproductive stuff happened to me that's one of the worst ills of american business. and i wish quarterly earnings statements and projections and analysts projections would all go away. we would have a much better business climate as warren buffett says, it's one of the reasons that family-owned companies tend to outperform publicly held companies in the same industry. >> bob, i might argue that short termism goes beyonquarterly guida

gm ceo said today the automaker has not altered its investment plans but she did add that the uncertainty will have s somet of impact eventually. >>e we seeing cost increases but again i think there is still -- depending on how decisions were made will have an impact on that a we're working hard to understand the impacts to working to offset to the extent that we can but i think it is early days. >> as we have been reporting, gm make more than 1 million vehicles in canada and in mexico annually, most of which are imported for sale here in the united states. >>> meanwhile, tesla is cutting the work force. th electric carmaker said today it is laying off 9% of the 46,000 employees primarily salaried workers. the move is part of a lger restructuring and the company said it should not affect production. that help lift shared by 3% in today's trade. >>> a n round of crash tests are raising questions about the protection that certain vehicles offer in commoncrashes. the suvs in focus are two of the most popular onesht r now. built by jeep and ford. ur storbeau has >> the impact at 40 miles per

it's down 2% for today and its market cap is beyond general motors, ford or gm chrysler. have a great weekend. melissa: oil is a at more than 14% this quarter alone. that's a big jump. >> real big jump. but the big problem that's happening in the u.s. is first we don't have the pipelines there to take the oil to the coast. that's a real problem. we're going to run it 100% by the end of july. so there's not excess pipeline capacity. second thing that's happened is we lost a lot of the oil coming out of canada due to a power outage that happened up there and it's not going to come back online until july, the end of july. so you've got a combination of losing about 350,000 barrels a day come in from canada, our own pipelines are running at capacity, you see the baker heurs number fell today because why start the wells in the best areas you can because you can't get the oil anywhere. y oof got to sell it at a discount to truck it. it's a real problem for everyone. and the market is looking at the iraq -- iran oil and the loss of that. iran is selling its contract. there's rep

businesses like gm from the global market and could, quote, lead to a smaller gm with a reduced presencehome and abroad. of course, as you have heard president trump says he wants, he wants it equal. if the europeans are going to slap tariffs of 20%, 10%, whatever depending on the country on our cars going into their countries, he wants to do the same for their cars coming into our countries. gm says that is already going to hurt their company, and it's hurting the stock, taking a hit of about 2%. >>> all right, the temperature outside a steamy 90 degrees, and on wall street things are kind of heating up in this final hour of trade. i'm so glad you're with us here. all three major averages in rally mode right now. subsiding trade fears sending the dow on track -- well, ex-general motors -- the dow is on track for a triple-digit gain at the close, and that volatility index is falling nearly 8 percent. so what do we have? we've got the nasdaq up 52 points, the s&p better by 21. look at this, since the top of the show just two and a half minutes ago, we've tacked on another 10 points to the

tesla employees are not part of the united auto workers union like workers for ford, gm or chrysler. >> their safety record is terrible. they've got numerous occupational health safety violations. they've been caught hiding violations by keeping them off the books. their wages and benefits are lower than they are for the rest of the industry. >> reporter: tesla founder elon musk recently gave an inside tour of his factory to cbs this morning's gayle king, but so far there's only been a written response on the rebate issue and that was to state regulators. in a 16 page response, tesla said it already complies with california's strict workplace standards and said the state was unfairly singling it out, " at a minimum any procedures must be applied consistently to all companies that manufacture cvrp eligible vehicles including those that have manufacturing facilities located outside of california in jurisdictions with lesser labor standards." now this proposal could be approved in sacramento as early as next month, but it could take up to two years before it would be enforced giving com

, up 23% for crossovers they are in demand gm is hitting that look at shares of gm, the blazer will belt in mexico. some people will be saying, well, why not build it here in the u.s. they have set up their system so that the mexico plant that they have there, there's capacity, and they want to utilize capacity some of the blazers, a lot of them, will be imported from mexico gm's exports from mexico in the first year to date, guys, up 39%. it continues to build down there. >> wow >> that's not going to change unless we see something change with nafta >> yeah or another tweet, but the bronco was brought back and the blazer that's a good looking car. you're the car guy, but i think it's good looking. >> no range rover sport, though. >> it's a blazer phil, what are we going to do with him >> not meant to be, wilf, not meant to be. >> it's a good looking car >> that was my opinion >> candy apple red, thank you. >>> boosting oil output by 600,000 barrels a day, lower than anticipated so oil is spiking on that decision >> joining us on the hone is helima croft, good evening to you in vienna.

gm is going to be a loser there. if you want to do business there, you need to partner up with a local company they are all in bed with chinese affiliate, they would be cutting off their nose to spite their face another reason why the u.s. can win. another point. now politically, china has a clear edge when you have an authoritarian state, you don't need to worry about public opinion you can take it wherever you want it. president trump needs to keep congress happy or they can roll back everything he has done. economically, i think we have a leg up broke down badly last night with more than 1,000 stocks falling more than 10%. chinese government has gone to prop them all up but that is a trillion dollar under taking every time you ask me to recommend a chinese stock, i say no we have already done immense damage and the trade war has barely got started he also knows we have an incredible economy here, abundant natural resources now that we rediscovered so much oil and gas. to put it simply, if you are going to have a t

. >> there's gm, they're calling it autonomous gm cruise.ind of fight against themselves at some point? >> i think it's a great move for gm. they really have the infrastructure. one of the reason softbank wanted to invest and not put more money in uber and competitors is that gm already knows how to make cars. >> would you care as much about the car you're driving up at several. >> if you're just using it as a taxi service like the lookout over driver. >> in uber might be a better company to that on long-term. >> but wouldn't gm be making the car, it wouldn't be uber? >> i don't know. [inaudible] in europe a lot of cars have these auto features. >> while it got you here, joe broken is going to have roseanne on her show to talk about the plan. that podcast is not happening she doesn't feel well. there has been talk that she will try to make a comeback with producers behind her show to try to resurrect it without her. what you think back? >> listen. i understand she called in sick for this, whether she is or not she probably just needs a littl

saying it's conjek turl i will stick with the facts on the ground they make 1/100th of the cars that gmakes. >> if you want to stick with the facts on the ground you are never going to be a investor in tesla. that's the fact of the matter. [ overlapping speakers ] >> if you want to invest -- if you want to invest in the fantasy, tsla. >> energy up more than 13% on pace for its best quarter since 2011 wti is up 14% in the quarter what does this mean for the rest of the year? let's get to the third quarter playbooks. jim, you are up first? >> i think energy continues. there are simple fundamental reasons for it battle necks in the permian a. rig count that hasn't end kroo up i think oil stays high a lot of the names, services, e and p, integrated oils have lagged slightly the rise in oil. i see the xle and the various sectors continuing to go higher here i like that. i also like financial force the third quarter. we have gone through that. >> josh. >> we don't make changes in our portfolio just because the calendar turns over. >> what do you still like then >> we are strategically investe

if you look at other automakers like fiat chrysler, gm, these which tesl not.a lot of how concernings that? >> we think of tesla as a technology company. it is built from the ground up as a software company. that's where their competitive advantage lies, and other automakers are still catchin up to get there. are looking for the future. once elon musk is able to turn these vehicles autonomous, the business model changes. it's no longer a one-off sale of a vehicle, it's a recurring revenue model, because they will get revenues from the per mile rates of an uber-like service. those will have really good margins, better margins than the car business. we think that opportunity should be valued at trillions of dollars in the equity mar it is basically not accounted for at all. cash burn will not be a questio. we are really looking ahead to the long-term there. emily: but other tech companies like alphabet have giant piles of cash, and they are also working on cars. tasha:hat'true. on the cal their competitive advantage will really lie in the expertise. we think of tesla as a start up. com

this company is burning through cash, has a higher market then gm and produces just a few cars.nbelievable. it is unbelievable but so far he has managed to write that unbelievable wave. very quickly, tackle the alpha males. they are calling on britain's banks and other financial firms to battle the alpha male culture. why is there still a story? i used to work in the city, and then i worked in industry, now i do my own thing to stop i don't believe we are going to stop i don't believe we are going to get there. (all me jaded. i we not making great strides? up is the 250 employees have to put out their... hopefully that will do something. i have not seen it is getting better since i was in the workforce. maybe i am just pessimistic. i don't know. workforce. maybe i am just pessimistic. idon't know. ithink things have improved. i think all that together, with the transparency on gender pay, there is an immense and right now. there is a momentum. and i hope we can get into good end. but we have had so many memento and they never went anywhere. cornelia, i hope you are wrong. thank

to check their back seatone of those is general motorsstarting with the release of the 2017 acadia gm has a "rear seat reminder" built into more than 20 of its 2017 & 2018 modelsit will flash a message on your front controls and ding five timesif the back door is opened and closed up to 10 minutes before the car startsand the navigation app waze has come out with a similar functionthe child reminder setting will alert you to check the back seatonce youve reached your programmed destination (grant) now to our four zone forecast... as we take this live look outside at the embarcadero... joining us now is chief meteorologist lawrence karnow... it was cooler around the bay area today but still warm in the valleys. highs there were still in the 80s but 5 to 15 degrees cooler than yesterday. on the satellite image you can see low presure moving closer to the bay area. it will conitinue to deepen and usher in more fog and cooler weather into the weekend. it will be partly cloudy tomorrow with patchy coastal fog. highs will be in the 70s to low 80s inland with cooler 50s and 60s at the coast.

gm does not like where this is going. a few cars from europe and a little bit from china, quite a bit from mexico. ,hey say if you tax vehicles you will reduce auto sales, reduce jobs. e wasr given a 15 month license to operate in london after working out most of his differences with regulators. a lot shorter than the five years they were hoping for. >> shorter than the 18 months they were apprised. this is a probation? >> exactly, they have 15 months to make good or continue making good on promises they have said they will make. behaving better and reporting crime and offering other changes. month time that he will have to keep doing the right thing and eventually reapplied for another license in 15 months. hopefully they will get it without having to go to court. >> battle control for fox entertainment assets, latest round going to disney with antitrust regulators approving a $71 billion did, raising hurdles for potential rival comcast, disney got the department of justice vote of approval but still have to jump through

this is gm really driving forward. alix: it is. and this really makes sense.ing at an ipo, spinoff, or tracking. we have seen these old school, traditional companies realize that they need to invest if they want to be competitive going forward. in the case of gnu have a history -- it would remove a lot of weight but if you talk about would still be able to benefit from that growth story and would still have that future in self driving technology to talk to investors without all the negatives. jason: they are a bit ahead. you get the sense that gm has an edge. >> i was struck thinking about this, because they purchased it in 2016, it was $1 billion all , ford also made a $1 billion acquisition with itself driving technology field, and it is still very significant. if you look at the stock prices over five years, three years, one year, you really see that laggard status. alix: it doesn't hurt that softbank put $900 million into crude. it's the right time to do something like this. jason: and arguably, the world's most important investors. >> that started the clo

gm 30% of its unit sales in the u.s. come from vehicles built in canada or mexico for ford, that number is 20% and that is particularly true with the high margin trucks and suvs >>> in other news, phillip hammond spoke to our colleagues where he insisted the uk would remain an advocate for free trade. >> we live in uncertain times because the old certainty for many decades has been that the united states was completely wedded to open markets and free trade. and nows united states is questioning the value, the fairness of some of our arrangements i very much hope that we can avoid a full scale trade war that would be a disaster for everyone, not least for the united states. but what i can say is this, whatever happens, the uk will remain an outspoken proponent of open markets and free trade, low tariff barriers and low nontariff barriers and i would urge india also to think when opening its markets further to encourage trade and stimulate competition. >> no one believes that a trade were is a good thing >> the dollar has

comingp we'll have the gm's reaction to barry trotz signing from the capitals. >> money talks. dave, thank you. news of trotz's resignation is blowing occupy social media. grant paulsen tweeted thank you for the stanley cup and a job well done. didn't see him coming back. lots of water under that bridge. d.c. kpam examiner retweeted i found out barry trotz has resigned and i just had to havel a f on silent melt down in this the middle of judic l hearin >>> a tourist outside the white house stumbled on a security scare. he saw the man jump three fences. you can hear the suspect shouting shoot me before police tell everyone to get down. the secret service has not identified the jumper. news 4 pat collins spoke to the man who captured the video and he'llave that story coming up in our next half hour. >>> tomorrow voters wil decide whether to raise the minimum wage for tipped workers in the strict. it's measure that could impact restaurant workers and others too. even if youust need out. not all tipped workers want this measure to pass. news 4 derrick ward is in rthwest d.c. where

. >> i remember the gm and people were talking about he was a young gm. . >> he was a player agent after he got out of ucla. and a dream come true for him. there year, brown bought the trophy. remember bob myers bouth the pro -- bought the trophy one year. it was taken to la and put on the jimmy kimmel show. a big day for oakland. >> it's well traveled. it goes on tour and people get to take pictures with . oh, my goodness, mike is on the prowl. let's let him go. >> bob, congratulations. congratulations. just your thoughts on this day. >> this is the best day of the year. i mean, seeing the fans come out and appreciate the players, our coaches. i can't believe this is the third one. that's what's hard to believe. >> of the three, how is this one different? . >> it was harder. it was tougher. a longer road. harder regular season. trying to do a back toac we've never done that. but it wasn't always easy. but that's what makes this one the best. >> how would you describe the team? >> grit. found a way. >> i let you go. we have a draft coming up. who are you looking at. ? someone to help us

and we saw them coming but they moved so effectively with technology it took tesla 14 years to pass gmr seven years to pass tesla. 21, 14, 7. the next transition is 3 1/2 to 4 years. it will be very disruptive at the high end. >> i'm curious you mentioned that experience on the walmart board. when you see someone like amazon coming, how tortured are the board discussions about what to do, how to disrupt yourself, even if it costs something in the short term >> the answer is they are coming with increasing frequency. the automotive industry went through the exact same thing it isn't so much torture you have to play off the chess game established companies, regardless of how good they are today, if they don't reinvent themselves the next five years, they will get left behind. every board room in the u.s. will be looking at who are the disrupters the traditional competitors won't be the ones that get you it will be a new business model, a new change, much like what you saw amazon do, moving into a new marketplace or apple moving into a new area, et cetera. so it's something that is increa

gm is worried saying the import tariffs risk isolating u.s. businesses like gm.would isolate businesses like gm from the global market. that is just one of many concerns expressed by many like harley davidson that already said because of the approaching tariffs from the european union, for example, and fears that they were going to be put in place, it was already moving some jobs overseas. gm the latest to say we're worried too. more after this. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data

they realized how far along gm was with its vehicle program.purchased two years ago as a 50 person firm, now attracting capital and hiring people by the hundreds and looking to add a ride hailing service next year. julia: i mean, this is pretty impressive. we showed you the share price there, clearly having a positive share price reaction as well. scarlet: getting that pop. 1.6%, now let's get a first word news update from mark crumpton. has: president trump responded on twitter to the jailing of his former campaign manager paul manafort. a judge in washington revoked manafort's house arrest, citing newly filed obstruction of justice charges. trump noted that manafort has represented ronald reagan, bob dole, and many other top political people and campaigns. he added "didn't know manafort was head of the mob." the president has also said he will not sign a moderate immigration bill crafted by house republicans. it looks to protect young undocumented immigrants and end the commercial possible to -- controversial policy of separating families at

find new roads at your local chevy dealer. when you finance with gm financial.iverse a world that doesn't exist outside you, but within you where breakthrough science is replacing chemotherapy with immunotherapy where we can now attack the causes of disease not just the symptoms. where medicines once produced for all, are now designed to fit you. today, 140,000 biopharmaceutical researchers go boldly to discover treatments and cures unimaginable ten years ago and they're on the verge of more tomorrow. >> jimmy: welcome back to the show. still to come, gallant with asap ferg. our next guest has 42 film and television appearances to his name. and he's not even 30 years old. his newest is a romantic comedy called "set it up," available friday on netflix. please welcome glen powell. [ cheers and applause ] ♪ >> jimmy: how's the wife, everything all right? >> everything's great. >> jimmy: last time you were here you delighted me with a story about your monkey. what's the monkey -- >> charlie. >> jimmy: how is charlie doing? >> well, you obviously remember why we call

mary power raised the bar for vicinity at gm.nk we are seeing more technology migrate into the car. lane control with safety devices for if you look at collisions, close collisions. so i'm pleads with what they are doing there. fuel efficiencies, whether the cafe standards gets rolled back. a lot of hybrid cashe -- cars we you have a combination of gas and electric. i think it industry has a bright future. leaders of those counsel come police focused on markets and consumers right now. maria: will the leaders of tomorrow be the same leaders of today in terms of the auto business or will we see these, apple, google become car companies? >> i think google and apple understood quickly we'll focus on technology and they quickly discovered that building a car, aselcar -- assembling a car is tougher than they thought. tesla is going to be laying off 2,500 employees. they have been at it for years. they are now switching to batteries. so we'll see. maria: don't go anywhere. we have a lot more after this short break. we are taking a look

you act fast.an intruder... when you finance with gm financial. boo so do we.is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. to help protect my car? state farm will be here. okay, what about here? yup. nice! my screen didn't crack. thank goodness. what about... obviously. here? i don't think so. that makes sense. what about here? here too. awesome. that wasn't my fault. go with the one that's here to help life go right. state farm. too many devices on your network could mean you see this that's why you need fios-the 100% fiber-optic network. that means more speed for more devices at once -and to prove it, we'll help you add another. choose a free samsung chromebook 3 or a $200 credit toward

we'll be the on "power lunch." >>> gm is bringing back the blazer it's building the suv in mexico.t comes as president trump fires another warning shot on trade calling for a tariff on cars. >>> this red hot stock is up

. >>> coming up, the caps gm tells us what he thinks went into barry's decision to say goodbye. > here's jimmy fallon. >> jared will he toe is my guest tonight. plus we have music from aruna miller: almost every law i write comes from listening to peoples' stories. i'm aruna miller, and growing up as an immigrant, i know we have the power to improve peoples' lives. that's why in the state legislature, i fought for more computer science in our schools. gps tracking for domestic abusers. and some of the strictest gun safety laws in the nation. in congress, i won't let donald trump undo the progress we've made. i approved this message for all our stories. . >>> a stunner, fans not too happy. can we bring barry back? this is final. no going back. >> people say -- it's april 1t. people think it's a joke. it out? they work >> apparently not. this is why we're trying to make sense. of th there was jubilation followed by celebration and then that last word doesn't seem to fit, but it was used today as the capitals accepted head coach barry trotz resignation. that's not to say that's what the tea

local chevy dealer. rewards me basicallyaptain everywhere.obvious and hotels.com when you finance with gmause hotels.com lets me do me. mmm. foot juice. hotels.com. you do you and get rewarded. jump into summer! the entire store is on sale up to fifty percent off, with styles from five dollars! that's up to fifty percent off the entire store at old navy! the line between work and life hasn't just blurred. it's gone. that's why you need someone behind you. not just a card. an entire support system. whether visiting the airport lounge to catch up on what's really important. or even using those hard-earned points to squeeze in a little family time. no one has your back like american express. so no matter where you're going... we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. ♪ [ cheers and applause ] >> seth: our next guest is the editor of the "new yorker" and host of the "new yorker radio hour", a national radio program and podcast. please welcome back to the show, david remnick. [ cheers and applause ] ♪ >> seth