no i think you paid for it in the gm share price i'm excited for gm it's never been better run and is exposed to sexy parts of the auto space in ev driving other players. >> ford is down 5.5% right here right now, james, curious would you rather ford or gm ford knowing all of the wards so to speak since they reported. >> i like gm in those two names, gm has a broader technology set and more loyal customer base and gm has partnerships to extend their brand and obviously power that stock forward ford is also a great stock i like both names. these are two staal worths of the american economy and both will take advantage of the e v vrks play but i go with gm. >> grasso an oldie but goody for you. >> this chart is up 140% year-to-date, more impressive, june 2020 the stock was trading at $12.30 and closed in the after hours trading at $90 this stock when you couldn't get on a plane people rented a car now you can get on a plane people are still renting cars. going to be interesting to see whether this is the trade gone bad or the trade to fade right now. you get sort of recovery trade and t

assembly line at this gm plant outside detroit.again. internal combustion engines. this is where gm is making the chevy bolt. the company's only mass market fully electric vehicle. but that is about to change. it's not so much if, it's how fast. >> mark royce is president of general motors. he said that electric cars will no longer with a novelty for the rich it's now betting big on batteries. planning to lauaunch 30 new electric vehicles across a wide range of price points ns the next five years. >> do you feel that you are building a new company inside the old company? >> i do. it's the biggest thing that the industry has seen in a long, long time. >> gm is rebuilding this massive 4.5 million square foot plant in misch. now called factory zero. as in zero emissions. the name of the street out front, also got juiced. so the robots look ready to go. ours were the first network tv cameras let inside to see what plant manager jim quick says is the factory of the future. this body shop when complete will be the biggest body shop. >> t

gm up 44%.flat my next guest said the road is clear for even more upside for those two. collin langen is an analyst at wells fargo. thank you for joining us today what's the advantages that ford and gm respectively have in the marketplace right now that makes you confident that their stocks can move up? >> two slightly different stories. for gm they have been a pretty strong leader talking about electric vehicles, the hummer is an exciting ev launch. cruz is a leader in autonomous so they're just sort of hitting it on all strides. ford is more of a restructuring story. the turn around took an awful long time and i think they have the right leadership in place to get it off the ground. the mustang has great reviews, really something that's desirable for customers to come out and want to buy. it is not a compliance vehicle the way some others are. >> so the upside on gm which is trading in the low 60s is that right? >> yep. >> the price target there is what >> $67. >> what would be the disaster sc

just look at the gains of gm and tesla today. gm actually did better on the unveiling of its suv hummer. karen, what did you make of tesla's price action >> so i actually thought it was kind of underwhelming given what is a very big day in the market. and i understand it wasn't as big a day for stocks that are high flyers, but it sort of makes me think all right, if they put out delivery numbers, which are so crucial to this story, that were as big a beat as they did, i would have expected a lot more of a charge, no pun intended to the stock from that kind of number because that's been so important to the story you know, it started off higher and it just makes me think all right, what if they start to get -- what if they start to beatly bia little or what if they're just in line all right, expectations may be too high for them as we're starting to see as phil ben low talked about, competition is coming in. maybe not this year, but it's coming in now in short order and so i was sort of underwhelmed by it i have no position, not lo

>> yes, i'm long calls in gm, scott, and loving it quite frankly.lso thought that what phil talked about, about factory zero they're calling it or whatever, the fact that they're talking about 1 million evs delivered by 2025, that's an ambitious number obviously it took musk a long time to get to 750,000 vehicles. so if these guys can actually do that, get to a million vehicles between that silverado and the hummer, there's huge demand. and then, like josh said, the other 28 models that they're going to be bringing out, i think it is great news for general motors, great news for america. i love it is an american company. >> yeah. >> hey, judge, one more thing on this. >> yeah. >> jon, i'm sorry to step on the end of that, but i just want to point out -- >> no, that's okay. >> -- the ev stuff is not really moving the needle yet fundamentally. the rest of their business, their legacy business is absolutely on fire you can't get a truck. everybody wants larger, more spacious trucks. me and terranova go to the same dealership, both were up for a new tah

i mean gm is not even in the same ballpark. so that's why i like volkswagen.vs next year. >> gm has cruz. >> or the year after than tesla. >> hey, why is -- >> that's great, but don't listen in terms of -- >> hold on josh josh, go ahead, and then weiss. >> they're all electrifying but only one has an autonomous unit that is further advanced than google's waymo and further advanced than tesla's autopilot. cruise has the potential to be a bigger business in autonomous vehicles than the others i'm not saying it will shake out that way, but they have that lead i don't think shareholders are baking any of that in at an $82 million market cap volkswagen doesn't have that. >> we're going to disagree and they are baking in it, which is why a lot of people own it what gm doesn't have that porsche has, porsche has been killing it, selling more cars in the pandemic than anybody else look at the valuation that you have got on ferrari, race. if porsche spins out that subsidiary into a stand-alone and they've talked about it, there's been speculation of 25% coming out, that

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companies invited to this meeting included samsung and gm. -- gm, according to our bloomberg sources. more headlines as we get them. still ahead, in a pandemic world where more transactions are occurring digitally, financial crimes have surged. we will talk to the head of a -- of the tech unicorn which fights financial crime using ai after an impressive new funding round. a reminder to stay with bloomberg for our special programming around the u.s. jobs report friday. mark walsh joins a panel of other economic experts friday morning. this is bloomberg. ♪ ♪ emily: as the world undergoes a massive wave of digitization accelerated by the pandemic, feedzai, a cloud-based risk management platform has seen a 660% increase in financial account takeover scams and 250% increase and online banking fraud attacks. joining us now to discuss solutions for the rampant financial crimes, feedzai's ceo, nuno sebastiao. talk to us about how much and what kind of activity you are seeing just heading into 2021. nuno: first of all, thank you for having me, emily. as you mentioned, we saw the impressive num

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but, degas, you own general motors, josh owns general motors, john is long gm calls. degas, give me something on maybe ford or why you choose gm over ford as you look at the stock slide today. >> yes so i choose gm over ford because of the ev, the electric vehicle investment by general motors they're making a $20 billion investment in this space, and that's the way forward so that's why i choose gm over ford. >> and that's why josh has talked about, too, the ev advantage that gm has had over ford >>> doc, give me something on merck. you own merck calls. that stock is on the move today, too. >> yes, and it is right in the middle of its range here, scott. it is just kind of dead money. you know, jenny talked about that top of the show, i'm going to say this one is kind of dead money, just not going anywhere, right in the middle of the range beginning of the year to here. it has had a couple of big peaks in the meantime, but, yeah, i'm just probably going to exit this trade and look for a better place to invest. >> okay. we started with jenny. we will end with jenny ther

i will go to the source of the quote, tim, gm is still the way?> yeah, i mean, call me the tortoise gm has doubled since october what do you call that? >> well, it's moving i agree. the re-rating has happened we talked about on the show, in terms of finally moving big like neo or tesla to fully give it credit for the ev-maker it now is does that happen >> sure. i think the reason you brought up the question to guy on tesla and he didn't answer you about the intra day chart is tesla reversed to finish lower on the day. the number one ev producer of the world people think of tesla whether it's accurate or not the point is tesla should be soaring on this. and the chart up 11.5% so the point's well taken. and to the chart's point, the company is growing the subscription revenue we just got their first quarter reporting this is a spac, a deal that's been a bit of a roller coaster, but if you're buying it, you're buying with $174 billion of ev incentives announced two days ago by biden for a company near the bottom of this range before this move when it

i was adding more gm and boeing and trimming some.ink you're going to have a cyclical bent although i do think the barbell approach has worked and will continue to work but right now i think the economy has opened much quicker than anybody thought i think there's a bit more to go here but i think we're getting near the end and the market is a great discounting mechanism, so the next step is to trim back even farther but not just yet. >> there's some suggestion that we're in for a month or a couple of months for maybe choppy trades, trying to figure out where we're going, a little direction, we've come a long way. a lot has to be baked in you still have tax policy perhaps to be worried about. >> no, exactly i think you've also got more inflation along the way. for now the treasury, the 10-year treasury has backed off and stabilize bid that may be temporary as we get more numbers in every data point, whether it's employment, consumer confidence, ism numbers, the economy is going to be running pretty hot we're also getting in earnings se

were now you will see tax credits are stored for tesla and gm.e believe that the 7500 goes to 10,000 or potentially more. this is the start of what i believe they a $5 trillion market with biden kicking off the green title wave in the u.s., which is underperformance when we compared it to china and europe. emily: so why this reaction in the shares today? they popped a bit about closing down about 1%, why did investors react that way? dan: if i look out, i think that ev stocks are up 30% to 40% from these levels. what we are seeing in china, you see around china's continuing to see skyrocketing growth. you combine that with what we are seeing in europe across the board and of course, now in the u.s., i think this is just the start. i believe that is near term and all of the good news starts as we see more deliveries and numbers over the coming weeks. emily: you cover uber as well and i am curious what trends you see post-pandemic for car ownership, car purchases versus ridesharing? dan: i think for now, the names like uber and lyft continue to be

wilson was known at gm for his very leisurely style. he never seemed to be in a hurry, whether it was getting somewhere or ending a meeting or making a decision. now he was in charge of an organization with a very different culture. and coming up soon is a picture of wilson with his military staff. on the left, chairman of the joint chiefs of staff, william radford. and then eisenhower and wilson and omar bradley, general bradley, on the right. so these were wilson's new subordinates. and unfortunately, the pentagon is a top-down bureaucracy comprised primarily of army, navy, and air force officers who are used to specific orders, not endless bull sessions. so to be effective, it seemed that wilson would have to adapt to that culture. but he didn't. in fact, the service chief quickly learned to dread a meeting with him late in the day because wilson had no sense of time, and they would probably be there all night. they wanted him to be more crisp and decisive. army officers in particular complained that he didn't really understand the a

and gm under wilson's leadership. as you probably know retooled his entire auto assembly line into weapons production. and if it hadn't been for all the weapons that gm produced during during the war the allies might well have not won have not been victorious. so he was an important guy who had been on the cover of time and newsweek by then. and so people had a fairly good idea of who wilson was now he was a very different kind of guy different kind of executive than george humphrey. he'd been trained as an engineer. and he kind of had an engineer's way of. of approaching problems. he was a data collector. a hard time making decisions until he knew all their list to know about the subject. he enjoyed immersing himself in details. and this tendencies were later proved to be a real liability in his next job. now, why was he selected mainly because eisenhower wanted the pentagon to be managed well and the thought was that wilson. managing the world's largest company would probably be a good choice and with this experienc

gm has had success with its super cheap $5,000 model gm made this mini ev with its chinese partners andic vehicle in china for the past eight months, beating tesla's model 3. all these moves cramming an already crowded field, those established chinese ev maker byd says it welcomes them. the chinese market is so big, he says, the more brands that participate the more we can learn and push each other to achieve more, or out of the business for the news, i'm eunice yoon in shanghai. >>> well, it lasted less than a minute, got about as high as a christmas tree, as tall, but that was enough for human history to be written on mars today. the flight of helicopter ingenuity is next. the bennetts really know how to put their wifi to work. whether it's work work... works for me. school work... it worked! or a work out... oh i'm working... they've got xfinity, which delivers wifi faster than a gig for all their devices. it's more than enough to keep everyone working. can your internet do that? this is work! this is hard! now xfinity delivers wifi speed faster than a gig. that means you'll have gig

upheaval in a mid-term elections and while president biden was pitching green jobs to the american people, gm was agreeing to make more electric vehicles, in mexico. why the so-called union president will he ever step up to help the american workers, this is his first big test. all that and so much more on making money. all right, so the market began this session at an all-time high but the under current of anxiety that's actually been lingering for weeks has reared its ugly head once again and now is it just profit-taking? is there concern sort of reflecting uncertainty about inflation, the federal reserve or is this really about high valuations and finding opportunities which really does feel more like proverbial needle in a haystack each day. or it could just be a combination of all of the above or could it actually be something else? also with $6 trillion in savings a lot of that cash will find it's way into the corporate coffers, but what about going directly into stock market accounts? what's next for the markets? well i've got some of the best including former chief equity strategist b

his annual salary and gm was 600,000 dollars or more. he was a bit nervous about giving up his money. in the process, he upset many congressmen with his stubbornness, and sometimes his unfortunate choice of words. the other problem with wilsons unorthodox approached management, which became a problem with pentagon right through the beginning. wilson was noted gm -- you never seemed to be in a hurry. he had a leisurely style. whether it was getting somewhere, getting to a meeting, making a decision. now he was in charge of an organization of a very different culture. coming up, here is a picture of wilson with his military staff. on the left, chairman of the joint chiefs of staff, william redford. eisenhower and wilson and omar bradley, general bradley on the right. these were wilson's new subordinates. and unfortunately the pentagon is a top down bureaucracy comprised primarily of army, navy and air force officers who are used to specific orders, not endless bull sessions. to be effective, it seemed that wilson would have to adapt to tha

tesla has a huge lead on gm and electric cars in general. neo shares also rising.is bloomberg. ♪ ♪ emily: the spac craze continues. the number of spacs an amount to raised has exceeded the numbers in 2020 just three months into the year. with almost 300 new spac ipo's, the performance of these companies has lagged over the last couple of months. the big question is, are we in a spac bubble? is this all just type? joining me now, the cofounder and chair and backer of spac one, which debuted last summer. in spac two, filed for a $200 million debut. great to have you on the show. you have been investing in tech for a long time, you started a bunch of companies. what do you think of the spac craze? is this a bubble or not? kevin: there are two sides to this. first of all, this is an amazing vehicle to get a company into the public market. the second side is that it has gone a little wacky. we've got an incredible amount of volume. all of a sudden, last week it came to a skidding halt. we were one of two spacs to go out last week. a lot of times, and there has been a fe

it has its cyber truck, gm has the battery electric pickup. the chevy, then you have them coming in the background. look at the story year to date. it's interesting. tesla was the story of 2020. as the year has gone on -- i will go with it -- final one, applied materials. the chip sector. when we are talking about semis to fix the supply issues, supply materials, these are the companies that build the machines in semiconductors. during an analyst event today, whoosh, the stock dropped. they did not give us any clues about what's to come. they just gave us the outlook for 2024. there is such a microscopic on this start. analysts were looking for more. lots of action in the markets and story names. i know you are looking at crypto as well, emily. emily: indeed, i am. bloomberg's ed ludlow. just a week before they go public. third-quarter numbers. they expect to report 730 million to 800 million profit in the first quarter of the year. they are also saying it likely generated $1.8 million in revenue in that time. 56 million verified users. for mo

>> beating up ford means beating up gm, i don't think that's fair and a lot has been priced into their it the other night as my final trade, like it here now down 10% still, i think it has more room on the down side in the next couple days to buy. >> unpick stock in the stock draft. karen? >> yeah, beating up gm, that was my trade today but that's not my final trade, my final trade is another beaten up stock, bristol myers i thought was an excessive beating given what was bad performance. so bristol myers. >> guy adami. >> don't tell ups but fd x going higher. >> you're betraying watching "f" "mad money" starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica others want to make friends, i'm just tryingto make you some money. my job is not just to entertain, but to educate and teach call me at 1-800-cnbc, or tweet me @jimcramer. it's all about the chips on the one hand,

. >>> gm firing its first shot across the bow as it enters the ev battlefield. our floor show traders are here to talk about the supercharged sector and the stocks packing the most juice for your portfolio. as we head to the brach, let's take a look at the big bore. we have been up across the board. the dow right now up just about a tenth of a percent. "the claman countdown" is coming right back. ♪ ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪♪ (car horn) ♪♪ (splash) ♪♪ turn today's dreams into tomorrow's trips... with millions of flexible booking options. all in one place. expedia. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa not everybody wants the same thing. usathat's why i go withof, wliberty mutual — they cu

new entrants, the teslas of the world are going, you know, are all plug-in to begin with, but ford, gm, you know, gm aspirationally wants to not sell internal combustion engines, so the plug-in for charging is huge. and for charging in public, it's even faster growing. because, you know, not everyone in america lives in a single family, detached home in the suburbs and do the charging in their garage. and so this is a huge market. i think president biden talked about 500,000 public chargers, and these are very fast chargers now. so this is a huge area of technological innovation, a huge area of job creation. and really the companies, the car companies and the oil and gas companies that don't get involved in this do so at their own peril. you mentioned shell is embracing this. i mean, you probably covered exxonmobil, what's going on at the board level there, and, you know, they went from about the most valuable company in the world in 2016 to kicked out of the dow jones 30 by 2020. i mean, so they need to embrace this, and i think the whole sector will do that. liz: got it. andrew, chin

speaking of gm, this is the hummer ev suv.t be saying, wait a second, didn't they already show us the hummer? that was an sut, a short bed in the back think about a pickup truck this is an all-electric suv. first edition starts at $110,000 deliveries start in 2023, but gm continuing to push the message that it will have a wide range of ev vehicles coming out over the next couple of years. >> ford too, right >> oh, yeah. >> ford is not sitting idle. >> no. >> i've been in the new ev mustang. it's sweet. >> the question becomes how quickly can they get all of these models, all of the ones that they're showing right now a lot of them are not coming out until later this year or next year or 2023 that's when people are saying we need them sooner. >> yeah. all right, phil, thank you >> you bet. >> that's phil lebeau. >>> straight ahead, could google be the best way to play the rebound in travel? we'll discuss next in the market zone you can always watch or listen p. us live on the go on the cnbc ap "the closing bell" will be back ri

gm with the electric hummer.a look at shares of tesla up more than 7% pre-market after the company on friday, while the market was closed, reported better than expected deliveries for the first quarter. as you look at the full year delivery over the last five years. we have not gotten full guidance the first quarter, the company reported 148,000 vehicles delivered. almost all were model 3 and model y. dan ives will be on shortly. he says the deliveries now puts musk and company to exceed 850,000 vehicles delivered for the year which is well ahead of whisper expectations close to 8:30 this morning it moves around a bit. that is what most on the street are expecting right now. by the way, as i said earlier, look at tesla shares the delivery guidance has been vague. they expect a 50% increase in deliveries annually. give or take some years will be more and some years a little less we have not had a definitive number so far. >>> did you see this i want to talk about general motors and the gmc hummer suv. wait a secon

speaking of gm this morning, gm is among hundreds of companies including google, amazon and netflix who would make it harder for people in america to vote, the biggest show of solidarity yet on this issue. we've seen a lot of companies speak out, sign on to statement, but we've not seen many take it a step further. one new initiative is taking it a step further, coined 90 to zero, the group of businesses, universities and non-profits have pledged to take specific actions that they believe will narrow this urgent gap. joining me to discuss, two of the people behind this initiative wes moore, ceo of the robinhood foundation dedicated to fighting poverty here in new york and across the country, and erica james, dean of the wharton school. we've seen companies make big statements when it comes to voting right, but those are just words. how is this initiative different? >> this initiative is different because we are focused not just on boards and apologizing saying we feel so badly that this is happening, but really focusing on what can we do? this is an action-oriented approach and we are f

biden has leverage gm and ford may not. to be able to say that the president of the united states does, given the fact that the united states is depending that whole country so i think this is a question of why doesn't the president speak up and call them and say you know what, we're putting a lot of people to work, we're putting gm and ford to work, and i know that mr. gelsinger, it's great that intel is talking, its tell's not the problem, the problem is taiwan semi and being able to get those chips and nxp, i want to know how much nxp is supplying to china versus us it's geo capitol hill. and the company that has leverage is the white house. i don't think it is a company, but i think that's what has to happen. >> carl, it's -- >> we can't wait to hear more from them. >> complex to say the least. >> as we said a moment ago, later on, microsoft making a big bet on ai, by agreeing to acquire nuance communications. as you can see, nadella and benjamin with us exclusively later this hour. we're back in a minute did you know t

most recently gm also acquired a company called voyage. it acted as if they were close to commercializing. an acquisition would seem to say they are not so close if they have to integrate a whole new technology and team into their team. i think it's a tough problem in technology itself. i don't think every company will be successful. we think the auto industry will consolidate significantly. over the next decade, we are going to see that in autonomous and electric vehicles. you will continue to see more shakeups and clever lunches. -- launches. caroline: of course, there are plenty of other reasons as the basis of the valuation and the view you think it will get to annual revenue of $700 billion. what did you make of how cash placement is and what it is doing with bitcoin and how it is driving down the costs of making each car? >> yes, we have done a lot of work on this space. my partner analyst has modeled the cost decline of electric vehicle batteries. it says for every two or doubling, you get a corresponding reduction in demand. if you

they will lose market share as more come in, gm, ford, and others.he market, we think it goes from 3% automobiles that are ev to 10% in the next years. that is not in china and europe but also in the u.s.. this is a company i believe we looked out the next few years. they will be doing multiple millions. 2 million per year in terms of vehicles. the profitability will then start to step up where they can get 50 and $20 long-term earning power. that is what is happening. investors are looking for symmetry. the bears continue to describe stocks higher. when it comes to the ev segment, it is being billed out in front of our eyes. the system, especially in the u.s. in terms of the green tidal wave. guy: one of the key differentiators at the moment is what is happening on software. i want to talk about what is happening with autopilot, which feeds into that narrative. how do they manage the safety message on autopilot? there is a series of headlines that keep coming through that are proving problematic. how do they deal with that on the call? dan: that has

gm announced by 2035 they will not make any other car other than an electric car.hat is the future. the countries that get their first will have market share, you grab the early market share and you have something that could last if you are smart for a long time. i think the president wants to make sure america is grabbing its share of the new technologies of the innovations, and of this future. it is not unlike other transitions we have been through. go back to the 1990's, when we had computer technology, online. we had portable telephones, it was a big market, and a lot of people got rich. this is seven times the size of that market and it is going to feel remarkable increase in different products, and and work , that needs to be done, to make this transition. the building of an american grid. laying the transmission lines, that is work for all kinds of different disciplines, within our economy. i think the reason the banks and asset managers are pledging to net zero, is because they know this is an area where the demand is going to be there, and they believe the

we had a guest on in the last hour who said gm is one of them. >> yep. >> i assume audi may be another car makers as well. >> volkswagen. tyler, what you're looking at in terms of let's just look at the top three in terms of pure electric vehicle sales last year i'm not talking about hybrids or gas/electric hybrid vehicles, i'm talking about pure electric vehicles number two on the list is scic out of china and number three is volkswagen and volkswagen has already laid out their plans and they're rolling out the id-4, new models their sales in europe are increasing substantially so you've got those two along with general motors. the issue with general motors is that they have invested a lot, they have laid out a game plan but you're not going to see a big increase in the number of models from general motors for a couple of years yet. you've got to wait before you really start to see the big push in terms of the number of evs coming to market but those are the four that people are looking at right now and saying they stand head and shoulders above everybody else at this point. >> you kn

gm and ford, despite being traditional automakers, have been beneficiaries as well.erials going to have their investor day-to-day. look person, nearly on r&d spit -- look for some commentary on r&d spending. and illumina, you see these machines out there, that company came out with preliminary results for q1, 20% growth for the quarter. they are now guiding at about 25% for the full year. we have to talk about what is going on with credit suisse and archegos. the interesting thing is not just that credit suisse finally put a firm number own what they expect the right down to be -- the right down -- the write-down to be. what i thought was interesting, we are a week and i have removed from that. the fact that they are still trying to unload these holdings shows how deeply it runs. tom: do we know it is credit suisse, or could this be a mop up from others as well? romaine: bloomberg is reporting that it is credit suisse. the fact that they were still holding the bag on this this late in development really says a lot about how much they got stuck with this. now a lot of

as a comparison, gm—owned cruise reported to california regulators that they went more than 1,200 milesn average of nearly 5,600 miles before driver intervention. reports said that the uber vehicle actually detected elaine herzberg six seconds before the crash, but the perception system got confused, classifying her as first an unknown object, then as a vehicle, and finally as a bicycle. those volvos came from the factory with an accident avoidance system, one of these new set autonomous features that a lot of the new cars have. 1.3 seconds before impact, the self—driving system realised emergency braking was needed. however, uber had disabled the emergency braking system on the volvo to prevent conflict with the self—driving system. nevertheless, prosecutors have determined that uber were not criminally liable in the death. if uber hadn't have disabled that technology, then potentially the vehicle would have detected the pedestrian, even without the uber autonomous technology, just with the volvo technology, and stopped the vehicle. but uber disconnected that, because apparently the ve

these are gms. very excited about that, and, you know, the idea is for gm to have an all-electric future by 2035. no more gas-powered cars. you know, the question is, is that really good for the environment? and recently "the wall street journal" and university of toronto did a deep dive on this and studied it. take a look at these interesting findings. if you build a car, either an electric or a gas-powered car, it actually puts out more co2 to build the electric car. that's because of the batteries. more co2 there. now, once the car gets on the road, and they're comparing, by the way, a tesla modeling 4 -- model 3 with a toyota rav4, if you drive about 20,000 miles, it begins to even up. if you drive the car for its full length of life, which is about 200,000 miles, then, yeah, the electric car wins big for the environment. the gas-powered car dumps out a lot more co2. the question though is, is america going to buy electric cars? and for that answer we go -- [laughter] to our old pal, woody woodr

. >> gm as rival is also here. >> ford has been around for 118 years.gh a pivot now. we feel that we are going to be as relevant in the future as we have been in the past. >> china's ev market has grown exponentially powered mainly by startups encouraged by the government's supportive policies now that the ev market is bigger and policy pressure is mounting, more international brands are jumping in that could reshape the market here china hayes ordered most cars need to be electric by 2035. ford plans to target high-end and middle-income customers with its evs. gm made this mini hev with its chinese partners it turns out it's the best-selling electric vehicle in china for the past eight months. all these moments cramming an already crowded field. the establish leader welcome them the chinese market is so big, he says, the more brands participate, the more we learn and push each other to achieve more or out of the business for the news, i'm eunice yoon. >>> that was enough for human history to be written on mars today. the flight of lipthecoer ingenuity

ipo in a little over an hour and speak of autonomy, i'm sure you noticed walmart, taking a stake in gmonomous efforts, self-driving car company, way-mo, and so forth, and a big boat of confidence, and a signal, domino's delivering pizza, chick-fil-a testing delivery, through autonomy, picking up steam >> the nvidia conference call, the analyst day, jensen wong, the da vinci of our time, i was going to say michelangelo, he feels like he has cracked the code of autonomous when i visited out there, they still hadn't been able to figure out black ice. black ice is the biggest problem. i think they solved everything and autonomous is finally here and david, it makes me want to own uber because they become less of a taxi service and more of a tech company, which makes it so that uber's the big winner of the mary barra and general motors what do you think of that thesis, david? >> i like it. >> you do? >> at some point we will have fleets of autonomous taxys or autonomous cars being used of course to the full extent of their economic value as opposed to what is sitting on the street or the pa

for them, it means more competition and not just from tesla, from those automakers and the likes of gmford. both getting overweight from wells fargo. and over in europe, competition from vw as well. these stocks may have rallied last week on this infrastructure plan, hitting a bit of a snag on this news today. kailey: they've got to compete with the hummer ev suv we were talking about. on the subject of infrastructure, president biden has set aside money to grow the ev industry in the u.s. how big could the use of ev's become an eventuality? ritika: $174 billion grown in the ev space, in this infrastructure plan. if we look at it in the broad context, ev sales as a percentage of u.s. car sales just 2%. that is expected to grow to 25% by 2030. if you compare that to china, if these estimates are anything to go by, that would be half of what they are producing. in the broader context, u.s. still has a long way to go to catch up and get parity. kailey: thank you so much for that great report. on a programming note, tune in later this week for a special on the chip crunch. that is at 5:00

visit indeed.com/hire and get started today. . >>> gm making a big vimts to produce evs.l motors leaderbo will be making in its plants that builds the blazer and equinox. this $1 billion investment there means gm will have five plants in north america that they are converting either partially or fully into the -- to make electric vehicles. this does not sit well with the uaw and it blasted general motors once the news came out yesterday. in a statement the uaw says at a time when general motors is asking for a significant investment by the u.s. government in subsidizing electric vehicles, this is a slap in the face for not only uaw members and their families, but also for u.s. taxpayers and the american workforce keep in mind gm is doing what all automakers are doing, heavy investments in evs in anticipation of a surge in demand look it's supposed to be up to 25 million in annual sales for the auto industry worldwide by 2030 speaking of electric vehicles, neo out with its q1 results yesterday and the stock under a little bit of pressure after it said it's going to see a s

the head of gm and ford, for example, along with the heads of google and dell and 15 other companies meeting with the president. is so that clearly one reason. but also, the president used this meeting with the ceos to tout his $2.25 trillion american jobs plan. in it, it calls for $50 billion for manufacturing and research and development of semiconductors. here was the president earlier this afternoon. >> chips like the one i have here, these chips, these wafers are batteries, broadband, it's all infrastructure. this is infrastructure. so look, we need to build the infrastructure of today, not repair the one of yesterday. >> reporter: liz, when you talk about semiconductors, chips, this is actually one of those issues here in washington, d.c. where republicans and democrats agree that something needs to be done. there is legislation that has been cosponsored on both sides of the aisle. one of the questions going forward is how exactly could it get to some sort of bill to the president's desk, would it be in a massive spending package or maybe something else more targeted. liz? liz:

they announced a huge collaboration with general motors but gm wasn't committed to doing anything andhey backed away from most of it the former ceo was incredibly promotional and claimed nikola had trucks quote coming off the line end quote in germany. maybe the most ridiculous was when nikola doctored a video to make it look like the truck was moving under its own power when it was rolling downhill. one thing i'll say, they must be strong to push an 18 wheeler enough to get it rolling downhill impressive feat. now that nikola has new management and the stock plunged to $12, there is case to be made for owning it for speculation. the point, though, is that when these spac plays say something that sounds too good to be true, it's probably too good to be true honestly, it's hard to stop at just five of these because there are so many other examples of spac so i'm putting everyone involved in this process on notice right here right now. we are bringing back the wall of shame and spacs provide a lot of shame mill the spac managers who orchestrated these deals should be embarrassed the ban

in on demand and i don't see that getting better gm had hope but i droon't thinki will make that much difference you can't throw up new factories. it can take years. the semi conductor capitol equipment companies are working around the clock to make more machines that's why applied materials, they keep hitting new highs. nvidia can't be the only stock to rally it a software, hardware stock. we have shortages throughout the system because years ago our companies decided to handle inventory in a just in time manner you can blame the business schools for that if there is any disruption, the whole system breaks down and you can't make anything. you know, i got to tell you, china, they operate on adjusting case basis so they're in a much better situation to cope with the disruptions. finally, concern number seven, this one has me the most concern because it's beyond foreign policy we have the new president and it feels like everyone from iran to north korea and russia, even china once a test is resolved, i'm the most worried about china that seems determined to show biden doesn't want to h

gm. have to be realistic. all those involved will be realistic. that is for this social media.hreatening fines on the social media companies if they do not act quickly enough. we have also seen many people within the game and it adds to the spray pressure on the social media companies. in how they would deal with this issue. instagram adding new features to weed out this online abuse and the slow pace of this change is what people want to target and this just adds to the pressure. a quick look at some of the day's other stories. dragons won theirfirst match of the inaugural proi4 rainbow cup with a 52—32 derby win against 0spreys. jonah holmes scoring two of their seven tries. tour de france champion tadej pogacar has added the li ge—bastogne—li ge race to an increasingly impressive list of victories — the slovenian managed to out—sprint world championjulian alaphilippe by a matter of centimetres to win his first one—day classic race. at the world snooker, shaun murphy is 10—6 up against chinese youngster yan bingtao after the afternoon session — on the other table mark selby l

that these smaller companies like fisk or and others are going to be left in the dust now that ford, gme other automakers have caught up here. goldman is saying that this is now i competition between gm, ford, tesla, and a couple other automakers. tom: it is almost an equivalent to what vw and porsche have done. romaine: now everyone is saying if you look at the proposals on the table, unfortunately, some of these smaller company's don't have the capacity. tom: i have no clue what i am talking about. i am just trying to pretend i'm matt miller. [laughter] romaine: you are doing a fantastic job here. how about one of the european once before i leave? all tricks -- four tricks -- qualtrics one of the biggest movers in the premarket come up about 13% -- in the premarket, up about 13% on its earnings. tom: can you -- jonathan: can you promote "the close?" that's the fee we have to pay. that's it. tom: how my doing? lisa: you're doing great. tom: peter westaway with us. this is important. a really interesting pedigree out of cambridge in operational research and economics, advance guard asse

i'm excited about ford and ge -- gm, excuse me. the valuations have to go higher based on the ev businesses and what they're putting on outside of those two american oems. i think that demand is there and they'll wait. >> looks like the biggest hit is going to be in the second quarter. and then taper off so with that, guy, could this be the time to get in >> yes i mean, kudos to kim and karen and i'm sure jeff as well. you see what's possible for ford, it's a ridiculous quarter, i don't know if tim agrees or disagrees. broke out of the seven-year down trend and traded up and failed on the high. i think you say they'll figure this out tim is right on valuation. i think this sell-off makes sense to buy it here in my opinion. >> all right. >> jim farley, by the way, is a georgetown grad. which is another reason. >> the more you know the calls are under way and we'll bring you the biggest headlines, plus we're watching qualcomm all the details, plus the other big story of the day the fed, we'll tell you what the traders are doinonheg t

gm issued a service bulletin that there has not been a recall.gs failing to inflate due to the problem. >>> facebook's oversight board will now allow users to file appeals over post photos videos that they think the company shouldn't have allowed to stay on its platform. until now, users can only appeal to the board when their own content was taken down. facebook set up the oversight board last year and could make rulings on whether posts or ads violate facebook roles. i will be following this one closely. we received complaints about ab this. it. it. it this. it. it. it police this. ♪ ♪ are you ready to join the duers? those who du more with less asthma. thanks to dupixent. the add-on treatment for specific types of moderate-to-severe asthma. dupixent isn't for sudden breathing problems. it can improve lung function for better breathing in as little as 2 weeks and help prevent severe asthma attacks. it's not a steroid but can help reduce or eliminate oral steroids. dupixent can cause serious allergic reactions including anaphylaxis. get help rig

, you get into gm. tells you to get into vike au c viacom viacom cbs and you get into it >> well, look -- i like adding some humility to my portfolio which is why i include some of jim's names. viacom, i waited until jim bought it. of course, i'm buying it lower than he bought it. look, to me it is a trade and it is a grade trade over a billion shares traded since we had the unwinding of a family office. there's only a float to 550 million. if i were still on the trading desk of lehman and solomon, a prop desk and bought the shares, i would say, you know what, i'm going to wait. i have taken my market where it is, i'm going to wait, and i will get rid of everything i have left as the stock rises i think when you take it in conjunction with valuation, which is about eight times ebada, you have a low risk stock. could it go up 10%, 20%, 30% absolutely that's a trade in terms of agcaltimeter there are rumors to what he is going to buy, but the spac space overall is a trading space i like brad. if he declar