i like gm. >> to be clear did we refer to gm as ge. >> no i said gm could be the same situation that ge finds itself in now. >> you did say that. >> i know. >> that's absurd, not close to ge proportions the realize the stock has been side was this stock has record earnings trading as cheap as it has and that should tell you something but i think they are doing it right at gm pmt they will have the autonomous business and robo taxi business. if we want to annoint tesla the head of the pack the market has done that. that's fine. you have a dynamic where ge first of all one of the reasons the put itself at odds with the white house is that it runs more efficiently. it's focusing on the most profitable vehicles we know are suvs and pickup trucks and well positioned on technology this is a long-term holding of mine the valuation is good. a solid dividend yield the balance sheet as strong as it's been. i know you weren't doing this. but this isn't a broken story like ge, not even close. >> right. >> it's not even close, because ge is up 15% and gm down 8% i think what guy was talking about

it is all part of this move by gm to get out of this move by gm to get out of these under profitableces like the us, china and south korea. gm had stop —— stop manufacturing in australia three years ago, but it carried on making and marketing these vehicles in thailand and china's great wall motors has already agreed to by the manufacturing plant. the statement by gm did not say how manyjobs would be lost, but reports suggest it could be as many as 600 layoffs, and in a statement, thejeon website chief —— gm website chief exec said they would do the right thing even when it is hard, and this is one of those times. it seems certainly for the fans out there, the # #ripholden trending at the moment with fa ns trending at the moment with fans posting pictures and memories of their much loved iconic australian brand. thank you very much. now, let's brief you on some other business stories. tesla has been ordered to temporarily halt preparations for a car factory in germany after environmentalists won a court injunction on sunday. the electric carmaker had been clearing forest land near th

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gm is not. moody's was out today saying auto production globally down 2.5% everything we've heard from people like bw talking about supply chain and tech, supply chain and auto, this is a big deal this is an opportunity, maybe not tomorrow i do like gm >> i'm going to back you up on that i have the same view and partially this is a good value for gm but, also, if you look at the supply chain issues, you have manufacturing facilities idling and people waiting for things like car doors and other parts. >> the one name up there is harley-davidson that faces an existential crisis >> hog has been a dog. quicktrivia, looking at california auto dealers data from last year the other night, because i have no life, what was the third most registered car, what model -- what company and model in california? you know what it was tesla model 3. overall registered car in california behind the accord and camry. >>> coming up, the one sector that is a bright spot for the markets and maybe the entire american eco

gm is the largest automaker in china. they announced earnings.hey see robust growth in sales when it comes to suvs and trucks. they are assessing their supply team in china. some other factories will remain 9.t until february we are seeing some divergence in these auto stocks. that chinato say passenger car associations coming out with a new forecast saying they expect record slump in the first two months of this year given all of the disruption from the coronavirus. it could fall by as much as 30%. general motors adding its name general motors adding its name to the list of global corporations beginning to see the impact on their business from the coronavirus. it comes as retailers and manufacturers having to travel plans closing stores. the ceo told us that the company expects the first quarter to be weaker in china because of the virus. once we come out of it, we are expecting operations to recover. the team is working around-the-clock to make sure we are mitigating what we can. sophie, just in terms of what you are hearing on the ground, we c

. >> so at a trillion, essentially gm, ford, chrysler daimler currently do 600 billion.ou'd be talking 40% more than that. and they're 2% of the way there. >> i think you have to -- yeah. you take them with a grain of salt, but he's been saying for a long time this thing's going to go upwards. i think it's just a grain of salt. >> he's been right. >> he's been right. >> it takes big positions long term. he's got the luxury of long-term capital. >> i keep going back to the conference call, which was a choice conference call, where he's making a joke about april having battery debt. what is he going unleash on battery? >> the potential for a trillion in revenues in a decade. >> that's a got. >> you're not talking about selling cars. you're talking about autonomous robots, fleets of taxis, battery technology that's advancing in ways that we can't even imagine. we're talking about solar roofs, i guess, i don't know. you're talking -- what else do they have? >> do you have any -- >> space. >> yeah, space maybe. >> space. >> maybe the thing will take off and go to space. >> ve

today, the coach and gm spoke for the first time since super sunday.he sting of sunday's loss to the chiefs may never go away, but it's being used as fuel to the fire for the upcoming season. change sure to come this off-season with free agency and the draft. but both coach and gm believe this team is built for the long haul. >> so it is tough, but we do believe we're different. there's not many teams that go from four wins to 13 and dominate in the nfc and in the playoffs and get there. so we believe this team is different and we believe we're capable of doing that. >> we've got to deal with someu system. but i know it will fuel us more and we'll be able to get after it. >>> on the ice, sharks and oilers. if connor mcdavid scores, that kids get a puppy. someone is getting a puppy. but the sharks storm back and take the lead in the second. second career goal there from letinov. kevin he bank puts this in, and sharks win 6-3. >>> the warriors are going to look different this saturday night right here on nbc 7. gone are evans and spellman. and now de'ang

cole: gm is not thononly automaker fifighng headwininds. tesla most halt production in europe.leararingady began on the jobsite, but there is a risk to drinking water. tesla will have to wait for a final court decision before it can keep cutting down trees. they aim to complete the plant by the end o of next yeaear. finally, facebook's ceo is inn brussels today, meeting with top officials, including the eu commissioner and executive vice president. the eu is working on a new digital policy, including rules to govern artificial intelligence. the first draft is expected wednesday. it is a delicate subject and not in the lease because of privacy concerns. facebook h has come under fire r not doing enough to protect user data and it is safe to expect that issue will be broughtht abt this meeting. we will follow that over the coming months. haxie: ok, i would agree. thank you very much. that is all we have time for now. stay tuned. more news is coming up in just a few minutes on france 24. ♪ >> i remember reporting on a factory. i spoke to the people, and i learned there was a diffe

david: that was part of my interview with the gm cfo.e for the stock of the hour, it is tesla. we are looking at tesla having its worst day since 2012. shares are sinking more than 14 percent, snapping a record-breaking six day rally. what is this, what goes up must comes down? >> cooler heads may be prevailing. the close had doubled in 2020 which had only been a month. people are assessing, does the evaluation have -- that the company has can really be justified by the on the mentals. you are looking at analysts who say we do not see an upside, the average target is $470. we are trading around $780. there is a disconnect. if you look at it on a fundamental baseness, the nasdaq trades at about 28. if you would apply that to tesla, the company needs $5.5 billion. -- $700 last year. the average income is less than 1.5 billion dollars, and there is a disconnect. getting a downgrade today, and he said that the risk and reward is more balanced, and he noticed the coronavirus because tesla opened the factory in shanghai that could impact them

the gm estimates there was about $5,000 in the safe.considered going cashless but san francisco banned cashless stores and restaurants last year. >>> jennifer lopez and shakira made history at the super bowl in a halftime show that's also sparking debate. ♪ the singers are the first latinas to headline the show. j. lo's outfits included a cape with a puerto rican flag on one side and the american flag on the other. ♪ ♪ born in the usa ♪ i was born in the usa >> i don't think a lot of people realized that was j. lo's daughter. the performance was an apparent political message. j. lo's daughter emerged from what appeared to be a cage with other kids in similar cages. people in social media fer pretpret interpreted that to be a stand on trump's immigration policy. >> she did say they would have messaging in their performace, i don't think that was a surprising route. provoking this conversation. >> yes. mm-hmm. that's what art is supposed to do. the form man was fire. >> it sure was. >> it did not disappoint. exceeded my expectations. >> r

the answer is that gm has growth as a matter of fact, they're down a lot of regions.ngs are bad about europe and there's elon musk doing a jig that he's opening a big plant in berlin. you've got on the one hand electric vehicle growth, on the other hand the companies are all claiming growth at the top of the gm release but you know what it doesn't matter if they're not buying it. >> ford is having a very tough go of things, as they continue to try to cut costs and adjust and putting up numbers obviously that we're not particularly strong china is still a challenging market for them. >> they talked about poor execution. >> yes >> take a look at the execution of musk. it's great execution >> you know, they made that unexpected leadership change at ford a number of years ago at this point >> yes >> i'm not sure, certainly hasn't shown up on the stock price yet. >> not yet not yet. >> is that implied that it will? >> trying to be a gentleman. >> you were, jimmy chill >> jimmy chill it should have happened, but jimmy chill says not yet >> does tesla, we always, people want

today, the coach and gm spoke for the first time since super sunday.sunday's loss to the chiefs may never go away, but it's being used as fuel to the fire for the upcoming season. change sure to come this off-season with free agency and the draft. but both coach and gm believe this team is built for the long haul. >> so it is tough, but we do believe we're different. there's not many teams that go from four wins to 13 and dominate in the nfc and in the playoffs and get there. so we believe this team is different and we believe we're capable of doing that. >> we've got to deal with some of this and get it out of our system. but i know it will fuel us more and we'll be able to get after it. >>> on the ice, sharks and oilers. if connor mcdavid scores, that kids get a puppy. someone is getting a puppy. but the sharks storm back and take the lead in the second. second career goal there from letinov. kevin he bank puts this in, and sharks win 6-3. >>> the warriors are going to look different this saturday night right here on nbc 7. gone are evans and spellma

in the wake of the recession, a factory which served as a gm plant, shutdown.out the means to support themselves. for a year and half, i didn't have anything. we lost our home, we lost our vehicle. american factory picks up in 2015 when hope arrives to the heartland of america in an unexpected way. a chinese billionaire came along and bought a gm plant that had been abandoned by general motors. he bought it. we were all very excited and we thought, well. this has never happened in our hometown. we are not even sure if it has happened in the us. there was so much hope. they were so much excitement for jobs finally coming back to our little town, and then it got really complicated. when i started out fuyao i was thankful, i was blessed, i wasjust on my knees thanking god that i had something. this former factory for american cars was transformed into a leading windshield manufacturer called fga, or fuyao glass america. though the workers were first happy to have employment, obstacles abound. the chief among them seemed to be the culture clash of a chinese company

i'll be back at the stock exchange tonight with general motors gm has a capital markets day tomorrowe dominated by tesla and even auto companies massively respect musk and the product. they do. >>> back to more broad di what autonomous looks like, what this future looks like, especially if you're not getting autonomous vehicles in a significant, meaningful way until potentially 2030 >> that's -- >> where are we seeing it? we're starting to see the adoption experimentally when it comes to things like trucking, rail, some of these other areas. faa publishing its latest proposal on package delivery by drone. what is what does it look like >> you need a lot of trial and error, fail fast you'll see cars going up and down the streets without left-hand turns and as the algorithm learns and communicates, it can make a left-hand turn it might make a city council or mta to make it happen. this is of a very important nature and there's no substituts you'll see pockets of geo application bus to fully remove driver en masse is something very different one client said waymo, the tech is ready, the

when some of the money comes out of the tesla maybe to gm or ford >> maybe that goes to gm. >> that makes sense. that holder would be the same holder tesla seems a different holder. >> i mean coming out of tesla into ford. you know what i mean. >> go ahead. >> i think rule of thumb in the full bkts markets don't own bear markets. ford is a bear market. opening below 8.40 >> no incentive on the clarities. >> zero, none. >> i don't expect to you watch the show every night, brian. however for years now we've been saying if ford can't get it right in the environment we find ourselves with the s&p at all-time high and arguably the best auto market -- maybe the last 50 years, when does it happen if they want it turn something around turn around the chart and maybe it looks good because it's grim death the way i look at it. the 7.40 level from december of 2019 is right in the cross hairs now that you have nesting eps growth >> okay. nothing in the charts. i mean, ford was what an $18 stock about five years ago all right. moving to snap and it's cracked tp down big after hours. that conference ca

gm, porsche, audi and ford. get this.n of its classic mustang that's 100% electric. we sent harry smith out onto the open load for one of them in our "sunday spotlight." >> that is ridiculous. >> we are tooling around the streets of deerborn, michigan, with dave of the ford motor company. the car, unusual. for this ford's motor is electric. >> oh, she takes the curve. >> like she's on rails. is that not phenomenal? >> reporter: later this year ford says he'll be able to take delivery on the new mustang. >> you could do a boring compliant safe product or do something only really ford can uniquely do, which is to do an electric one. >> reporter: ford has reason to accelerate into the ev or electric market. last year 2 million evs were sold, 21 million more expected to be sold in the u.s. yet in the u.s. evs account for 1.8% of all cars sold and that market is dominated by tesla. tesla owners post videos claiming the car's superiority. >> it looks so futuristic. >> reporter: and the company led by the ever-exuberant elon mus

in the wake of the recession, a factory which served as a gm plant shutdown.aving many without the means to support themselves. for a year and heart, i didn't have anything. we lost our home, we lost our vehicle. american factory picks up in 2015 when hope arrives to the heartland of america in an unexpected way. a chinese billionaire came along and bought a gm plant that had been abandoned by general motors. he bought it. we we re general motors. he bought it. we were all very excited and we thought, well. this has never happened in our hometown. we are not even sure if it has happened in the us. that was so much hope. they were so us. that was so much hope. they were so much excitement forjobs finally coming back to our little town, and thenit coming back to our little town, and then it got really compensated. when i started out fuyao i was thankful, i was blessed, i wasjust on my knees thanking god that i had something. this former factory for american cars was transformed into a leading windshield manufacturer called fga, or fuyao glass america. though the

as we speak, we've got gm vehicles parked outside of the new york stock exchange.ings here as well and we've been very focused on the electric vehicle movement and how that's been powering tesla. i think gm would like to be a part of that conversation. >> they're trying to be. i think the street was okay with what they had to say stocks bouncing. in fact, all of the auto related stocks except for ford bouncing today. we have kind of an industrial value lift in the market today but you have a situation where you have gm and ford traded at six times earnings and tesla sex tim -- six times revenues >> the stock has been going down for decades literally. >> what do they do right they just came out last night and said they're having problems with the flag ship, the f-150. they botched the rollout of the new explorers. the market cap shrinks every month. literally what are you doing so they don't deserve to be part of this conversation. >> down today is ford. we've got 6.5 minutes left of the session. shares of biogen soaring >> they won a major patent decision for the m

i am here because i am the gm of cloud kitchens. i don't speak on behalf of that company. we let success of 23 small businesses. they are permanent and licensed they are loved brands you know. we let the success of the operators speak. we don't talk to the media. we are doing something interesting and creating a lot of opportunity for small business. that is all i will say about that. i am here with my american grilled cheese kitchen. i love the employees that are part of the community. i am the last business standing on second street. whatever you think might be the right thing, whatever the bless press says, look at the numbers, what it costs to invest in the businesses. there is nothing you guys can do. it is the entrepreneurs that need to see a return for their risk because right now the risk. this is basic economics. >> thank you. next speaker. do we have speakers? okay. i will start the conversation here with a couple observations. it is probably not a surprise. i have been fired from every job i ever had. the only way to stay gainfully employed was starting a busine

tom: the last five years, gm up 2% per year. tesla up 26% per year.lls, lebron's hummer, and electric,. huymmer.ctric today ceo in conversation and will join us at 9:00. this is bloomberg. ♪ tom: a precious minute with david bloom of hsbc. the chart is simple, a brexit chart. what is the hsbc call for pound sterling? 1.45 for the end of the year, so if you have to go back to the beginning of the redline saying that sterling will go to the bottom of fair value, it should not be cheap. we don't see why it should be that cheap. we should get back to that count of range -- kind of range. if you are looking for a big alternative to the dollar and things are not great, we have found something that is cheap and the markets dislike for the wrong reason so we are bullish on sterling. francine: what happens if the u.k. leaves under wto terms? david: that is a different story. that would be poor for the u.k. obviously. we will find that out in october. sterling. until then, i believe it has value, and i do not believe we are just walking out without a deal and i

still gm still reported earning of $6.7 billion after taxes for the year.witching gears, one thing came up during the earnings call today, how coronavirus is affecting the business. gm already had to close down factories in china. it also gets a lot of parts in china from u.s.-built cars. gm ceo says it is a fluid situation but they are monitoring it and adds it is an integrated supply chain. you do have charts floating from china to around the world. we're looking at all that. the country's largest automaker by sales, general motors also says it continues to invest heavily in lech trick. tesla has a head start. even though its shares are down today, tesla is still doing quite well. its market cap is actually larger than general motors and ford combined. general motors is looking forward to an all electric future t has plans for that electric hummer as well as electric suvs and trucks in the years ahead. neil? neil: grady, thank you very much. grady was mentioning tesla. it has great days and a day like today where it has off day. one of the biggest single

gm initially invested $500 million in lyft in january 2016.yft is not getting a good move on that. it's down 4%. while gm is gaining one and a quarter%. from general motors to two other u.s. auto joints addressing coronavirus concerns in the earnings report first, let's talk about ford. he reported $1.7 billion quarterly loss in a disappointing 2020 outlook. excluding any potential impact from the coronavirus. the u.s. auto giant said it was too early to make any sort of investment and it is hoping to resume large parts of its operations in china next week which has been shattered. in the meantime, inventors pumping the brakes on tesla, he knew this would happen. the stock has been spiking day after day. now it sing its worst tumble and more than six years, down 15%, earlier done more than 20%. that would be its worst percentage drop in the history of the publicly traded stock. the easy giant warning there will be one to 1.5 weeks away and the ramping up of the production of its model three cars felt that the shanghai tesla factory and that co

and he said gm? i said, no, gm. i he said gm lehrer. that's how i met him.eakers who preceded me. he cried easily. he said i cry at a bad commercial. as for his relationship with kate, it survived jim's discovery when helping kate move out of her apartment that she liked gerard manley hawkins andk jim nosaid, you like this? and she said, yes, and don't you know, i hate it.hat they got along very well after that. that was the beginning for me in nashville of 48 years i make it during which he became my much-amired professional colleague, my business partner. we knew all about each other's finances and everything, and, ao many of you said, my closest friend. i got to know about jim's hard times when growing up. with the humor and pathos that y went with them. instance, with my children in london, we had christmas with jamie a few years ago. and jim suggested, why don't we talk -- tell stories about our most meaningful christmases. jim and when it came to jim, he said there was one christmas when fred and i discovered the presents that our parents had uf bought

a techucid company/competitor to tesla or will it want to be a car company like ford or gm?i guess all of those things. first of all, we are a tech company. this is a technology lay and that is not sufficiently recognized but there is room for lucid. we have a world of luxury products which are dominated by the german automakers like gm and vw. lucid is a luxury ev company and will compete with core competitors, which are the german companies, the cities s class is our core competitor -- mercedes s class is our core competitor car. there is room to just decide tesla. alix: part of the issue with the transition has been money. automakers are pouring money into this, billions. it is not yet profitable for them, even though battery prices are coming down. are you going to need more money to make all of this happen? peter: well, we've got great funding in place. we are in a healthy financial place for the start of production. to accelerateunds the growth of the company because we have a window of opportunity for the next few years. we want to accelerate our growth. we will need

. >> 32 and a gm job >> love me some cleveland. >>> and guy fieri is here. bacon. it has to be yours >>> i don't know if you know, but it is -- >> mardi gras. fat tuesday. >> mardi gras in the house hi, guys happy mardi gras >> engagement ring >> oh, my god. y'all are sweet. where are you from >> new orleans >> where are you from? >> new orleans >> where are you from? >> new orleans >> are you bummed you're missing mardi gras what do you say when you're trying to catch a bead >> throw me something, mister. >> i love it, mardi gras >>> al, you want some sunscreen? >> put these in there. thank you very much. let's check your weather see what we have going on. for today, showers and mild in the northeast. heavy rain in florida. snowshowers and cold in the plains and the rockies look for warm and windy conditions, santa ana conditions, continuing through california storms continue through florida. but it should end by the time we're down there snowy conditions through the midwest into northern new england. and some wet weather making its >>> good morning. i am m

raiders when asked abut whether they are shopping for new quarterback, their gm basically said honey i love you, but of somebody better comes along it's over. >>dek carr played at a high level, i'm very happy withour car. what i've told everybody ve been in touch with since the day i took this job is we're going evaluate ery position every year. and if we caget better we will th's my monitor all i can tell you about free agency because m allowed to talk about any of them anyy is that i've watched a but just about evry guy out there at every position and all that does is a pole what i'telling you is that every position gets evaluated every year and if we can upgrade we will. >>well cars t to keep looking over his shoulder. jimmy g doesn't have to worry e 40 niners gm says he thinks go rob is only gog to get better and 's their guy for the foreseeable future. it's not till death do us part, buit's as good as football did the super bowl halftime show show too much. the fcc has gotten 1300 complaints about j lo and shakira's hips shaking and pole dancing extravaganza saying it was inappr

a wine industry town that has suffered from mobilization and suburbanization and about cuts to the gm plant so that is certainly that detroit is unique on the other end because of the car industry , it is a place where philanthropic foundations because of the historic american spirit is also a place people read about and care about to see as a reflection of america so they don't have as much austerity as other municipal bankruptcies have seen in its wake. >> i am a long time detroiter. five years ago i purchased a house from a land bank. two months after i purchased the house, i got a tax bill for back taxes $3500. i was not told by the city there would be any additional taxes. fortunately i was able to pay i it. a lot of times people have to walk away even if they paid cash for a house. i also attempted to get a four bedroom four bathroom house with a 25000-dollar loan from the bank, i'm blessed at that time i was making six figures of the irs. these are the things that happen to people of color every single day if you have a high income or low income it does not matter. auto insuran

. >> gm sold 8 million cars in 2018 ford sold 6 million.esla is just getting to 600,000 and yet it is bigger than ford and gm combined. >> clearly people have huge expectations where this is going. >> he's weathered some down turn right now, the bulls are winning. this has taken off >>> meantime, we have some drama in iowa. if you were thinking you'd wake up and we'd have some results for you, the results have been delayed after the party said it found inconsistencies with the return and then manually verify. now blaming a reporting issue and said results will be released later today verifying the digital results, two sets of hard-copy backups. saying they had a heated could be conference call >> i guess there isn't an app for that >> there is not an app for that. we have numbers across our screen all the time. results. real time. nothing. we have nothing to show. >> apparently this was an app just put together. >> a group called shadow >> pushed by the national party when they said you have to find a better way to come up with this it was

. >> gm is leaving australia, new zealand and thailand.ny says it plans to wind down operations in those countries by the end of the year. gm's ceo says it is part of a plan to focus on markets that are profitable. >>> in the north bay bring cash with you if you are planning to visit point reyes today or tomorrow. the only gas station in town can't accept credit cards now. it's not clear what caused the problem but it may not be fixed until tomorrow. visitors are advised to fill up before making the trip or have enough cash to fill up on the station on highway 1. >>> the nba all-star game always gives the internet an endless amount of online jokes to work with. >> last night did not disappoint when chaka khan sang the national anthem. ♪ and the rockets red glare ♪ >> we knew it was live. >> it was. >> it was live. >> mm-hmm. >> yep. >> as you would expect, twitter went a little wild. the average anthem lent is short of two minutes. this was two and a half. >> you were going to say ten minutes. >> it was two and a half minutes. so, she was

reporter: gm will take a $1.1 billion charge. restructuring will allow gm to focus on new technologies such as self driving cars and electric vehicles. ceo mary barra is shrinking gm to the point where it gets almost all of its profit from the americas and china. hasch train maker elstrom confirmed it is in talks to buy bombardier's real business. it would make them a stronger rival in the business. the coronavirus may make it harder to find nintendo switch consoles in the u.s. and europe. bloomberg has learned that because of a production bottleneck, there has been a shut in china. -- a shutdown in china. that is your bloomberg business flash. nejra: thank you so much. coming up, we will hear from the imf managing director on the outlook of the global economy and the impact that the coronavirus. what would investors make of a synchronized and coordinated global response? that is next, as we see a bit of response comes into markets across asset. this is bloomberg. ♪ when it comes to using data, everyone is different. which is why

raiders when asked about whether they are shopping for new quarterback, their gm basicay said honey ie you, but of somebody better comes along it's er. >>there are car play at a high level, i'm very happy wi our car. what i've to everybody i've been in touch job is we're going evaluate is every position every year. and ifwe can get better we will that'smy monitor all i can tell you about free agency becse i'm allowed to talk about any of them anyway is about every guy out there at every position and all that does a pole what i'm telling gets evaluated every year and ifwe can upgrade we will. >>o well cars got to keep lookg over his shoulder. jimmy g doesn't have to worry the 40 niners gm says he inks go rop is only going to get better and he's their guy for e foreseeable ture. it's not till death do us part, but it's as good as footbalgets. did the super bowl halftime show show too much. the fcc has gotten 1300 complaints about j lo and shakira is hip shaking and pole dancing extraganza saying it was inappropriate offensive and sent the wrong message to young girlsstill 1300 complaint

this company will get bought by -- some day by a massive data could be apple, google. >> not gm. >> or tesla. if you looking for vertical integration. this market cap if they can accelerate profitability at some point this is not a $13 billion enterprise company. >> brian i'm not sure if you're aware that guy adami was working for lyft with the talk about employees being drivers. >> i did and. >> have you thought about come back to the squad. >> they called me a number of times. i was an early driver. hopeful the crack staff back in dak searching for the footage because it's wonderful there you go look at me with my -- look at the white gloves that's what we call white glove service, brian look at that watch. >> sounds like you just. >> genius. >> at the end of the day and lyft pr is on the phone in 30 seconds. >> why, why. >> do you invest in a taxi company. >> i don't necessarily. >> i know -- >> you're being difficult for the sake of being difficult. think about. >> i'm being difficult for the sake of think about it. >> think about how disruptive these companies that didn't exist tw

between 6 and $7.5 billion we're going to talk about these results and also the 2020 guidance with gmara that's coming up later. >> thank you very much now let's get to julia in l.a. for more on disney's first quarter and also your excellent interview with bob iger. >> thanks so much. that's right disney beating expectations but the key surprise here from disney is that disney plus grew faster than expected more than 2 million subscribers signed on this year after the conclusion of the mandalorian and announcing that hulu will launchinternationally next year here's what i said if he was threatened by the coming launch of peacock and hbo max. >> these companies that are launching all recognize what we recognized some years back and that is that the multichannel ecosystem is being disrupted and people are turning to more direct to consumer over the top services more program driven than anything else which is why we have done what we have done. i think as we view it, more competition, yes i use the word threat. i wouldn't say that we're threatened by it we feel with disney plus in partic

allowance. plus current eligible gm owners hey hey!uys man, i'm thinklook like foodies. would you like to try our trashy back ribs? oh, that sounds great... everything is locally harvested, farm to dumpster to table. uhhh, what do you... what else do you got? (stammering) w-we have a melon rind stew. comes with a pork and bean reduction. yeah, we're going to just do a lap and we'll come back. okay. well, we'll be here. man! why isn't this working? my mouth is watering. i think that's just your rabies flaring up. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. we got gristle pot pies! vo:for president.ver that's mike bloomberg. a middle class kid who built a global company from scratch. mayor of new york, rebuilding the city after the 9-11 terrorist attack, creating 450,000 jobs. running for president - and on a roll. workable plans to deliver on better health care. affordable college. job creation. common sense plans to beat trump, fix the chaos in washington, and ge

throughout the week, we will have disney, gm, ford, twitter, uber.ulsen is still with us. what are your expectations on what they can bring to the table and what that means as we close out the faang's? don't follow individual companies real closely in the reports, but you look at this group, and certainly for overall so far, they've been posting up pretty impressive results. i guess i've been most drawn by the faang sales growth that's been going on. topline growth continues to be really strong. there's every indication that google alphabet is going to continue to come through with some pretty decent numbers again. as i say, i think these companies, i realize the values are high. sometimes you've got to hold your nose if you're in them. certainly, the growth in the economy is becoming more and more driven by these areas. they are just hitting this sweet spot where more and more activity is coming, and there's little sign that that is easing up. i expect fairly good results. romaine: when you talk about holding your nose with regards to valuations, a

gm is of the past no matter what they do, they try to close plants, try to rationalize. up, and it's value, it's going to go up over time but not great i think it's going to perform less in the market let's go to samir in florida samir? >> caller: boo-yah. >> cramer. how are you? a follower since 1999. there. >> you go. >> caller: and i have my son over here, devon he is 14 years old he has a question for you. >> sure. >> caller: hi, jim i wanted to know what you think about the stock okta and wish me luck on my future investments. >> that's a cramer family fave, okta it is what i call, young man, it is a highflier todd mckinny is doing a great job. i would not buy it at once zscaler is down. that could make okta go lower. maybe you pick it at that way and thank you for watching [ buzzer ] no, no, no i'm going douglas in new jersey, douglas? >> jimmy chill >> the chill is in the house >> caller: big boo-yah from the chilly jersey shore. >> man, i'm an asbury guy myself what's going on? >> caller: let's go to work, shall we jim, what are your thoughts on fran franco nevad

was no other company can match us when it comes to technology, sustainability and electric vehicles gms much a player in electric vehicles as tesla but i asked coo and she said we are there, we're a player they're getting no credit at all. investors, when you mention electric vehicles, they give gm no credit at all it will be interesting to see how much more aggressive they become now, not that tesla had this run-up but the perception is, when it's electric vehicles it's tesla and, yeah, other people working on it but nothing to match. >> and up with the stock and then back down a little bit. we've been seeing wild gyrations. keep coming back to the same question, how much of this is fundamental? >> the fundamental big-picture story i think has the entrenched real true believers on both sides of it in place but what's been going on the last few weeks has been a complete fever that broke out in terms of momentum, in terms of real aggressive pushing of the stock. also from some mechanical courses, not just a short squeeze but stuff related to these options hedging and convertibles in oth

you know, i would kind of say us s gm on dihe tus tw that don' line up eir values, the hu to the 2010 reunion. buster posey was a rookie on that team. >> he was definitely prone to being a jokester at times. i feel like we're talking about like he died or something, he didn't die. >> reporter: pablo sandoval was much more critical in his opinion of huff telling the chronicle quote it doesn't surprise me, sometimes you have to be polite, and you're going to get in trouble for what you post. huff claims he's being punished for supporting donald trump, but his twitter page tells a story. he's been xenophobic remarks along with mysogynistic posts about the female coach alyssa nakken. >> i don't believe a woman should be in pro sports. but i also don't believe men should be involved with women college sports. >> he's exactly the turd he make himself out to be on social media. hang up on him, we're done. >> reporter: ken, elizabeth, i've been down here for 4 days and seen giants coach alyssa nakkes. she's fitting in well with the coaching staff and players. words matterand that's e reason a

what winds up happening, these ford,ies like tesla, gm, they end up partnering with battery companiesostly in china, japan. tesla just made a partnership with panasonic, and another battery maker in china. that is the partnership that we are seeing now. it is the battery companies that are securing their supply chain for lithium. partnershipssee is we see takeovers between car companies because they need each other to basically have distribution and money, to move into this space, where tesla is so dominant. amanda: thank you so much for that. newcan tune into alix's special, "ev's: on the brink of change" tonight at 9:00 eastern. it will be airing all weekend. from toronto and new york, this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. turkey's president is urging russia's president to restrain the syrian government and halt the humanitarian crisis unfolding in northwestern syria. in a phone call today, erdogan asked vladimir putin to fully implement a 2018 turkish-russian cease-fire agreement. the conversation comes as tensions between the countries esc

we have gm at the close on friday, 1 1/2 percentage point lower. here in the united states, it is a great time to buy a car, as president's day brings big sales. we take you straight to the lots when "the claman countdown" comes right back. stay tuned. tude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. 1 in 3 deaths is caused by cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing busine

gm expected to discuss how the coronavirus could hit its sales in china.es there are still being counted. so far, it appears pete buttigieg has a slight lead over bernie sanders. still only 71% of precincts reporting. cheryl: as all eyes turn to the new hampshire primary, one issue on the minds of people in that state, the issue of student debt. lauren: hillary vaughn takes a look at that issue that is stopping some from attaining their american dream. >> reporter: the first in the nation primary state of new hampshire is first in the nation for the highest percentage of college students with debt. >> i moved back home with my parents to be able to make payments and to pay it off more quickly. >> reporter: 76% of the class 8 graduated with student loans. >> i took not my dream job because i knew it would pay the bills and they were coming. >> i took a little bit out when i was in undergrad. >> reporter: new hampshire students on average have $36,000 in debt. some 2020 democrats are making a campaign promise to make that debt disappear. >> we could cancel s

he and the gm met one last time today and had a chance to fully digest what went wrong sunday. shanahan said he wouldn't do anything different and now he has lost two leads in super bowls but doesn't hear any of that noise. >> i don't feel not on twitter or whatever all that stuff is. i would never do that to myself anyways. >> for all of the negativity or perceived negativity i also know i got off the plane and went to my daughter's basketball game and i can't tell you how many people came up and said thank you. >> good for him. they were never supposed to get to that super bowl and they did. >>ul. accept the fact it was a great season. >> we will be right back. obama: he's been a leader throughout the country for the past twelve years, mr. michael bloomberg is here. vo: leadership in action. mayor bloomberg and president obama worked together in the fight for gun safety laws, to improve education, and to develop innovative ways to help teens gain the skills needed to find good jobs. obama: at a time when washington is divided in old ideological battles he shows us what can be

>>tess has a bigger market cap and ford and gm for better times till. there's only 98% of cars out there are combustible engine car so it's a pretty big market of future cars. tesla's margins in china for their vehicles are as fast as porsche us. see them kind of like it is the palo alto pre us we kind of to you because we so many see many of so but one analyst said today because i can't fricking believe these numbers. so even the analysts can't figure out of the car company with a tech company. and then one analyst said you know he thinks it could be worth $6,000 a share keep in mind. it's at $900 a share. but they're building a lot of that future from tv's up to 1015 2025 and a lot of mutual funds if you're over the age of 35 try it nvironment friendly. and millennials care more about that in their brands than anyt spend so much money on advertising. >>tesla doesn't advertise so that's a huge chunk of change right there is and put it we're a senior had okay, this is a financial i mean i mean your habits my imus could buy gm and ford shutdown companies

pay no interest for 72 months on most buick suv models plus current eligible gm owners get 7-50 purchaseers t-mobile's new offer on iphone 11 is even better on our newest most powerful signal. switch to t-mobile now, and get 2 lines of unlimited for only $90 and 2 iphone 11s on us. only at t-mobile. did you know that febreze air effects uses 100% natural propellant? cheaper aerosols use artificial propellants. that's why febreze works differently. plus, it eliminates odors with a water-based formula and no dyes. for freshness you'll enjoy. tomorrow 9:00 p.m. eastern, my usual time slot, i will not be here. instead you will be watching the democratic debate in the nevada caucuses. i will be here early. chris mathews will kickoff "hardball" live from las vegas at 7:00. i am going to anchor our live special coverage starting at 8:00 as we head into the debate, which again starts at 9:00. and then brian williams and company will be here after the debate to help make sense of all of it. so it's going to be a good big night at a very exciting time in the democratic primary. set your dvr's, get

boeing and gm strike and others.sident has been very focused on delivering for working people and we see it in the numbers. maria: is it fair to say expect to see that continue through 2020? >> absolutely 2020 and into 2021 as well as the president continues his economic agenda. maria: are you still looking at a 3% economic growth for 2020? >> i think our productions have been reduced because of boeing and other impacts. so it will be lower, i think we would've had 3%, but again boeing has had a big impact on our exports being the largest exporter that could be a 50 basis points or more. there is no question that the virus will have some impact on global growth and some impact on the u.s. but again we are very focused on the president who is delivering jobs and delivering wage growth. maria: you said you have some confidence that you could work on infrastructure and i know you have had talks with house ways and means chair, do you think you can get an infrastructure plan together and perhaps talked about, and a legis

. >>> plus, perhaps the best weekend ever for the 49ers gm live from miami. >>> and the bay area's super bowl creations. >>> the patient arrived through sandal jose international airport. our case would make the seventh case in the entire country. >> breaking news, santa clara county confirms the bay area's first case of coronavirus. and at the white house today. >> i have today declared that the coronavirus presents a public health emergency, temporarily suspendng the entry into the united states of foreign national who's pose a risk of transmitting the coronavirus. >> good evening. >> thanks for joining us. major new developments on the coronavirus. >> let's begin with abc7 news reporter david louie live in san jose. >> well, the county health officer in santa clara county said she's been preparing for this day because santa clara county is the most populous county. the county's two top health officials said the santa clara man arrived a week ago. he developed symptoms of a returning. >> he's been self-isolating at home and didn't leave home at all except to seek medical care. >> the p

then, you are also could terry and gm. >> this company reported earnings this week and did well. it's also the sweet spot here. it's not as overpriced as tesla comment traded just six times the earnings so it's cheap. also has a lot of money going into electric vehicles and autonomous driving. it has its crude division which is $19 billion in the private market. you look at it it's just really well position. he can go up a lot from here. jack: it six times earnings compared to tesla's 85 in the markets three times. to read more check out this week's edition of barron's.com indefinite follows on twitter at barron's online. that's all for us, see you next week on barron's roundtable.than 5-foot nine sin. very special show coming from new hampshire and i'm a very special guest. >> from the fox studios in your city this is maria bartiromo's wall street. maria: hello happy weekend and betty will come to the program that analyze the week that was in position for the week ahead. i am maria anil coming up at my exclusive interviews with two titans in the world of business and politics. m

we have heard from gm korea that they may have to halt the plant because they cannot get the parts from china. yet chrysler also looking at possibly idling a few of their plants in europe because they don't have enough materials. tesla has a different story right now. they have already reopened in shanghai but there are also selling about $2 billion of common stock, and that is being reflected in the market. it is all about car sales, down by the most in a year. we are talking about sales to dealerships falling 20%. the passenger association car forecasted a february plunge of 30%. this would be the biggest fall in eight years. for more details on the spread of the coronavirus, we are joined in hong kong by sophie kamaruddin. explain to us this change in hubei provincet adopted here, and give us the latest numbers. >> the revised methodology includes the category of patients that have been diagnosed with clinical symptoms. that will allow for further detecting. but this has done is increase the number of total cases by 45% , to nearly 50,000. as amanda noted, the who clarifying, the lio

gm has a long history in australia building cars under the holden brand for decades. fighting climate change isn't just about polar bears. we're fighting for our lives, we're fighting for clean air and clean water. that's why i wrote the law to send billions from polluters to communities suffering the most. and only one candidate for president was with us back then, tom steyer. anhe pledging to make clean air and clean water a gh that's tom steyer. i'm tom steyer and i approve this message. milpitas family that )s supposed to be in asia right now. >>> 4:55 and nbc bay area responds to a milpitas family at canceled and so they contacted chris chmura and his team for help. >> good morning. we've been fielding questions from airline and cruise passengers concerned aboutm. he expected to visit vietnam this week but when the coronavirus started to spread he decided it was too risky to go. >> the disease and i'm afraid we'll we'll be quarantined for two weeks. >> you're atrade of getting stuck over there. >> absolutely. >> the unexpected results when he asked for a refund a

then, you are also could terry and gm. >> this company reported earnings this week and did well.. it's not as overpriced as tesla comment traded just six times the earnings so it's cheap. also has a lot of money going into electric vehicles and autonomous driving. it has its crude division which is $19 billion in the private market. you look at it it's just really well position. he can go up a lot from here. jack: it six times earnings compared to tesla's 85 in the markets three times. to read more check out this week's edition of barron's.com indefinite follows on twitter at barron's online. that's all for us, see you next week on barron's roundtable. paul: welcome to "the journal editorial report." i'm paul gigot. all eyes are on new hampshire this weekend as democrats make the closing arguments to voters there ahead of tuesday's primary. seven candidates squared off in manchester friday night in theth democratic presidential debate and pete buttigieg received the frontrunner treatment following the strong finish in iowa with amy klobuchar targeting the former south bend mayor