karen, what do you say i know you like gm >> i do. i like gm. but i'm happy to see another, you know, one of the old-school automakers, the kind that makes millions of cars and makes money, with that kind of thing, i'm into that. so good for them you know, it looks very exciting, the f-150. who would have thought people would get excited about an electric f-150 if you said that two or three years ago it would seem highly unlikely but to the extent had he help in the evolution to an all or mostly-ev world, i think it's going to help gm as well, certainly valuation-wise both of them when you compare them to tesla, it's, i know, people say tesla is not a car company, but it looks a lot like a car company, i mean, that the chasm of valuation is so wide, good for them, although i've chosen to play with gm i think they will move together and hopefully have very successful launches in the near future, a little later for new big products for gm next year. >> yeah we're showing forward valuations of major auto companies including tesla. ford trading a li

number but gm is going to have, what, 30 ev's by 2025 >> so, yeah, and i think gm has a head start inroader platform in ev, hydrogen fuel cell and autoous, gm has been working on automatous for a long time if we played would you rather, mel, sometimes we do this on this show, you'd rather gm from operational perspective over ford in the last 20 years. ford has cleaned up their act as profitable auto company by getting rid of unprofitable business to the point of tomorrow companies don't have investor days unless there's good news. there's a lot of excitement here the f-150 there's nothing close to it. when they bring this car around $40,000 there's nothing close to it so ford's focus on ev and some of the most sought-after cars in north america, first, i think that's an argument for ford maybe trading at a higher multiple, even though gm is the one i am longer, and the one i think with a lot more upside. >> certainly good point in terms of not having a investor day unless you have good news, typically stocks don't go into investor days up 12% the previous week. i will invoke would you

want to turn back to the gm numbers. gm is not ford. that's the take away.p more than 3%, unlike ford, which really had to pour some cold water over previous guidance. gm is reaffirming guidance. they say v-chip shortage won't impact growth. they do expected downturn at some point in the second quarter, but ford got absolutely hammered when it had to cut production for the second corder last week. that stock was down hard by more than 9%. that is the difference. execution within the sector, not just a broad sector story. tom: major shout out to citigroup. they absolutely nailed this distinction. we make a joke about it, but it is well said. it has been a huge polarity between ford motor and general motors. jonathan: i am really looking forward to the comments from mary barre on those production issues because the language in the statement is just a bit vague. it is not as upfront and out there may be as ford was last week. the chairman and ceo with david westin a little bit later this morning. from new york, this is bloomberg. ♪ ritika: with the first word n

a smart way to segment the market but i like them both i prefer gm and that's why i'm in gm.mous vehicle unit, by the way >> josh brown, you also prefer general motors over ford >> well, as a long-term investment i like gm better, but technically ford is a better setup. so ford is snapping adown tren that's been in place since the winter of 2013 that's a very long time for a stock to be gradually losing value and selling off and have that pattern of lower highs. but that is now over i don't think there's any real resistance here until at least 16, so i think this stock in the near term probably looks better as a trade than gm but there's no reason why both can't work this is not a winner-take-all market, the automotive market. so i think jim will make money i think i will make money, and, you know, we'll high five or something >> all right maybe that's the high of the day. i don't know if we're having trouble with the intraday chart or not in the back, but it is a pretty good day for shares of ford i think that's the high of the day as we just saw, a little bit off that actua

over gm, presuming you must if you own ford and not gm? and i know how much you like farley because you talk about him all the time. >> right now, farley is giving the word that the japanese plant that caused so much destruction, it is going to be about 50 person line it will be 100% online by july it is going to ease a lot of what has really, really hurt ford over gm but it is really, really difficult to take farley over barra. barra is extraordinary her letter was so fantastic. i don't know who else read her letter but she is talking about a battery company i think is worth half of this company when i speak to her i'm always blown away by how good she is. i even sold -- here is one for the book, judge. i sold half my ethereum in order to get the down payment for a hummer for my wife >> well, why don't you own gm? you just made a great case. >> you can't own both ford and gm, you know what am i going to do? >> let me add to this. let me add one thing the thing about the battery technology is they're going to -- their chassis and their dri

you want to buy gm car, if you speak to her, gm truck, and given the fact they've got best battery, veryeople will move back to cities i'm out west and you do that in a car. that's not going to change any time soon. >> her tremendous note she had this morning it doesn't take long their battery technology being used by honda, it makes me feel like, geez, maybe that's worth half the price i've said that to mary a couple of times just because it just bothers me immensely that here's a company that -- where there's no magic or alchemy. they've developed a fantastic battery and it matters tremendously it's backed up by actual technology >> it's good it's a good story. >> ford too, jim >> ford's got hurt more for chips than gm. >> unbelievable car, jim. >> unbelievable car. >> the technology, too, has come -- what i need to read is about this thick and i'm about halfway through it there's things that i'll never be able to use. >> my wife's on the list to get the hummer the fact is, they're all sold out. if they ever get through, she's got one. it's an amazing truck. >> 6 cylinders better than

in gm ford outperformed gm by about 36% since the bottom of the spread in january 19th this year, beforeford by 35% going back to last july. so i think, you've seen the sentiment go back and forth between these two names but either way the back drop for both companys profitability and then multiple enhancement. >> sometimes, guy, we play a game we show a chart and don't know what stock or asset it is and say would you buy this chart. if you saw ford's chart, not knowing it was ford, would you like that chart? >> yes but you got to go back eight, nine years, by to halloween, by the way, boo, when it was 13 a stock i know you're a fan of the show, one thing tim addressed you slap a multiple 1.75 on 1.50 stock -- guess what happened today, melissa lee, you don't have to guess, we don't have much time, rbc capital initiated the stock with $17-dollar price target funny how the math works i think it goes higher from here. >> what's the best ev play, steve grasso >> i don't know if you want to buy -- well, you definitely don't want to buy a ford as far as an ev play or gm on an ev play, you hav

and now, the gm workers say that with gm basking in the glow of all this public positive publicity for hoped that a lot of that money would be to bring jobs here to the u.s. they also say it's particularly egregious for gm to be shipping these jobs to mexico at the same time that the company is asking the biden administration to spend tens of billions of dollars to extend federal incentives for people to actually buy electric vehicles, as well as to build electric vehicle charging stations across the country. and i want you to hear from brett baker, who is a gm worker, also the local union president here in flint, and he told us he felt this decision was shameful. >> i have seen what product investment to mexico does to a community like flint, michigan, that we live in. and for general motors to ask for the bailout and for american taxpayers to be there for general motors in a time of need, it's a time of need for american workers. and to not get this investment is shameful. >> reporter: now, gm says this is just a small fraction of their overall investments in bringing jobs here to th

>> stock-wise, look, i think money's been allocated from gm to ford because i think gm was in front onhis one, but look, i think it's tesla the folks that own tesla that have been uninterested to paying attention to fundamentals are still holding on to that dynamic. i think the really competitive landscape that was still far out in the future is here now. again, look at the market caps look at the analyst community that actually are focused on the ev side of the auto business and i'll just leave it at that i think tesla has a lot to lose here if nothing else, it's clear, he said three times etienne, i mean, it's three times ebitda it's not even close in terms of valuation and most popular car in north america is f-150 and you're starting with that. >> that's your base, yeah, that's amazing coming up traders choice and how traders are trading them and more on gamestop when "fast more on gamestop when "fast money" returns hey, you wanna get out of here? ah ha. we've got you. during expedia travel week, save 20% or more on thousls. just book between june 8th and 12th to plan your escape w

stock didn't move much in the chp shortages beginning to him karmic earnings what you expect from gm's report nicely on the roundtable so ben, this flemish week in the market a heckuva nice month . >> is a fantastic month, the s&p 500 really hasn't done much under the last two weeks and what is interesting is that under the surface, there was a lot of movement this week. we saw the s&p 500 growth has big positions paypal tesla another hike find growth stocks dropped 2.2 percent. and per child pathway and others, they rose 1.4 percent. saloon we also saw signs of life in reopening trade with the s&p 500, it has big positions and things like royal caribbean cruises, gas storage and list of volatile stocks was up on the 2 percent. that seems an interesting side of them may be investors are heading in that direction. jack: so what is moving this, this is the great rotation that we've been talking about for a long time. >> i think it was a bit of a pause there as we saw things like yields pull back a little bit and we got signs that maybe that has changed, biden wants to spend more raise ta

but gm is going to mexico because it's cheaper and that wasn't the point of all of this. $174 billionpicking winners and losers but if you're gonna do it and i know mary, she's a smart woman, you cannot do that. the labor guy has that right. >> this is the folly of making a hard to do business and subsidize business. if you play the game is always going to end up like this andy keep ending upp like this. larry: i agree but it is a slap in the face. thank you very much, i appreciate it. final thoughts coming up on this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. my grandfather had an amazing life, but ancestry showed me so much more than i could have imagined. my grandfather was born in a shack in pennsylvania, his father was a miner, they were immigrants from italy and somewhere along the way that man changed his name and transformed himsel

look at gm, a stock which i am long having a nice day today but really rallying back to what it lostews. this is a company that put up 225 on eps versus 104. i don't know how you price in an earnings beat of more than 100%. if that's the story for why gm is not the is 60s yet, i guess it is plausible i think bigger pictures there is a dawning realization among financial professionals and investment professionals that the federal reserve regardless of what they say had he they speak with the public, the federal reserve is inappropriately still buying $40 billion worth of mortgage bonds every month and $80 billion worth of treasuries. there is absolutely no justification whatsoever for that kind of behavior. the better the numbers get on everything from employment to industrial production to housing, the more ridiculous it is going to look so these 2023 taper calls, i would relax with that. i would say they are going to start hinting at tapering this summer and they are going to have to start tapering before this year is over. it makes absolutely no sense why anyone's expectations woul

>> i mean, mara bara has done a great job, gm had phenomenal numbers we still look for what's coming,ve two layers of discounts we look more to europe and asia, europe in particular, talked about renault, porsche, v wrks, really like that they're reliesening the technology to others you get a double discount on the geography and strong companies overall looking at uk numbers today, huge in terms of auto sales and i think you will continue to see that throughout the year, i think you can hit the good companies and hold on to these. >> karen, what was this crab-walking thing got you all excited mid-conference call? >> yeah, i just thought you guys should know that the hummer can crab walk which i don't know a daily use that that's necessary but that's a cool thing, thinking somewhat out of the box. but i, you know, really liked what they had to say today i thought there were a few things that really stood out to me one is about how they're going to run their inventory from no on, they talked about lots being depleted of cars and used to run with a lot more inventory but are never going

but you look at gm and ford. i think gm is a further rerating stock as they dive into the deep end of the pool. this is not a fad. i believe it's really the biggest transformation in the auto industry has seen since the 1950s. >> you're saying we're in the first inning of a $5 trillion market opportunity in electric vehicles in the next decades so, again, i think people are starting to reflect on what share of that is going to the incumbents to existing players whose equity has been traded pretty cheap because the new kids on the block seem to have all the excitement and buzz behind them. does lords town at $10 a share offer an intriguing opportunity or is ford the better bet? >> i think right now, first off a rise in tide is not going to lift all those you look at a ford, the $30 billion. that's a shot across the bow not just to tesla, but the broader ev landscape and ew and globally what you're starting to see niche players. but you're starting to see those incumbent vendors, tesla, some of the core ev names fr

as i'm sure you know, trade is an incredibly important issue for gm, vital to our success as a company and we believe is vital to every economy in the americas. over the past year and a half, having access to life saving health care equipment and the enormous contribution trade makes to our economies. given that experience it's more important than ever that we have a u.s. trade representative who will understand the power of trade and we've seeing ambassador tai for the key economies of north and south america, since since this is asian-american and pacific islander month, that the ambassador is the first of color to be in this position. we've been impressed with her commitment and finding solutions for all parties. based on that experience we know that she'll bring a wealth of experience and critical thinking to this role and excited to hear what future trade in the americas will look like. please join me in welcoming ambassador katherine tai. ambassador. >> let me start again. can you hear me? all of you? >> yes, thank you, ambassador. [laughter] >> well, thank you, liz, for the very

and to not get this investment is shameful. >> reporter: gm says that this is just a small sliver ofn electric vehicles, chris. they say that here in the u.s. they're spending $9 billion t tennessee. they say there will be about 9,000 jobs associated with that. a company spokesman telling me, look, we build autos around the world. if we're going to go all electric by 2035, it's only natural that some of those cars will be built outside the u.s. chris? >> we're going to hear more about this going forward. josh letterman, thank you for that. >>> up next, congressman of new york hakeem jeffries will join me on the ongoing threat to democracy in washington and across the country. you're watching msnbc. g msnbc. b! ♪“you're the best” by joe esposito♪ ♪ [triumphantly yells] [ding] don't get mad. get e*trade. ♪ look at what's happened to me.♪ ♪ i can't believe it myself.♪ maybe it is dirtier than it looks. it is dirtier than it looks. try tide hygienic clean. we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers

we are focused on gm.has been incredible is the work we are doing with our purchasing group, our manufacturing group, and sales and marketing. we have been working to build strong relationships with our suppliers for many years. there is a team looking to understand what chips will we have access to, how do we allocate those to our highest demand and products we have limited to no ability to recover , because there is such strong demand. we run those manufacturing operations around-the-clock. they are being creative and doing what engineers do of problem-solving and in some cases reengineering to get the chips to the right products and to find every opportunity we can to build a car, truck, or cross over and get to the customer. david: is a question of where you direct your chips. are you getting more chips than you would have expected because of your purchasing department? mary: there is not a lot of transparency to say more than. we were clear last year at what we thought the demand was going to be this

i can't believe i've missed both ford and gm. start in ev obviously and ford is following. but ford delivered the f-150 was so impressive in terms of their ev truck. it was so impressive in terms of style and pricing. they're going to get it out earlier than expected. so they're executing they have the product. they are part of an $800 billion total addressable market in ev by 2027 so they're in the game they needed to do it and so i get it the stock is up 70% though, right? that's year to date. so it trades at 13 times, it's not expensive, but it's had a nice, nice run and gm is up 44%. it's hard to chase them but i understand the enthusiasm for both companies going from being dinosaurs really to being cutting edge >> mike, interestingly tesla has done well during this latest leg higher for the traditional auto names as well. >> coming from a different spot obviously with months of pretty grinding pullback action in that stock. yes, it's participating. i do think you have o, when it comes to ford in particular, gm to a lesser de

i want you to look back on everything you've accomplished here at gm you especially in this last year. for some, that will be harder than for others but i do you to think about the moments that made you laugh out loud, when you felt deeply grateful for the people in your life, picture times when the beauty of the world stopped you in your tracks and -- an act of kindness that caught you off guard or a morning when the leaves glowed greener than you thought that they could and the sun glowed just right and you knew things would be okay. you see, trials like the last year can teach us a lot about ourselves, they can show us what matters most and strip away those things that only seemed important. we see joy can be found even in the worst of times. we see the strength that has always been in us and we realize our limitations as well. a few years ago i had to tell my class that i would miss the next session for personal reasons. now my students never suffered from lack of curiosity so they immediately began shouting where are you going? my sister was having the first of her cancer treatme

after what happened to gm, how could i not cut and run for ford i was momentarily stunned.complished at general motors they have a terrific lineup of cars, trucks, suvs, currently the envy of the industry my wife is in line about one of the vehicles gm's firing on all cylinders china to the u.s. to the finance business which is booming. i'm still sticking with ford the for one simple reason. the new ceo jim farley don't get me wrong ma mary barns is a fabulous pick and i love the new hummer that can crab walk. however, farley represents a radical departure for ford and what was needed. he decided, i'm not kidding. he decided to not lose money on cars all right. before you laugh at my executive producer just did, i'm serious in terms of management flaws, there is a lot more room to improve. the old way of business is just stupid the ford motor company that's a long history of trying to make vehicles everywhere in order to be the world's car that's a grandiose vision. there are whole continents where you rest assured that they can regularly lose money rather than focusing on

. >> because we're so small work force, we had the largest gm plant in the country, the largest chrysler plant, used to be a tank plant, and then mopar-- and anyway a total of 34,000uaw workers in a state of 110,000 people. none of it, don't have it left anymore, but spent a lot of time i thought-- by the way, i got through my dad, ran automobile dealership. >> really. >> i got through on cars. [laughter] >> pretty cool. >> pretty cool. >> so we have lots of new technologies coming up. that's a simulation to show you what we'll be doing at rouge electric center. >> thank you. thanks for what you're doing. >> you're welcome. thank you. >> one more inflection points in america, you're going to save it for real. we used to be engaged in more research and development in the country more than anyone in the world now we're number eight and china is number one and they'll-- thank you, guys. >> thank you. >> thank you. >> see you, boss. >> i'm the boss. >> all right. have a good business. the guys i grew up with that worked at auto plants. >> and now i want to introduce kumar-- and good afternoo

gm, as well. again, if you just play with the multiple a little bit and don't have to get out there in the strat stratosphere, these stocks could be significantly higher. >> i felt like i was up in the stratosphere in that f-150 i could barely see over the steering wheel. >> yeah. >> delano, what do you think nobody is questioning this is going to be a big important space to come in the auto industry but do you like tesla or is ford or gm the way to play it or maybe the etf phil was talking about, the lithium battery eft? what do you think about this space? >> the whole space has a big tail wind as mentioned by phil and tim. what you're seeing is regulation is behind the infrastructure, invest the is behind this space. so for the couple ways to play it, i like tesla the market leader that's one investors have been enjoying for awhile and you'll enjoy share performance from tesla and look at a broader etf so a space of infras infrastructure, batteries, other areas to get involved and ford is great

gm ceo mary barra joined "squawk box" to talk about trying to meet customer demand take a listen. >>veraging all of our creativity and ingenuity to understand what chips are we going to have access to and maximize those when you look at how strong demand is in the united states, i think opportunities, we're going to build every vehicle we can. whether we can make up every single vehicle will depend on, you know, the whole chip supply. >> you've got the u.s. commerce department this morning pressing taiwan semiconductor to prioritize the needs of u.s. automakers during this period. tsmc announcing new fabs, a lot of companies announcing that boom/bust cycles here. it could be an issue >> i'm looking at, jon and carl, china's chip making progress they have so much ground to make up here, but the export ban under the trump administration really had the effect of creating this unprecedented drive by the chinese government and their chip makers and as we've seen with evs, ground can be made up when the chinese government supports it and puts the money behind certain industries >> yeah. i

joining us is the vice president and gm of google work space.otable that you had top billing. you were the first speaker after sundya today what do investors need to know about what the changes are >> first of all, i'm flattered that i had the opportunity to follow sundar as such an important conference the most important part to get from this, i guess, is the fact that there's a lot of interest in the return to office and the future of collaboration as we evolve into what's next, you know, in terms of how do we communicate and collaborate at work and other facets of our lives. it's super, super important for google to continue to lead the way there and it also in a way reflects our own priorities. we're a very large company that has innovated in our own practices and google work space plays a critical part in making google do the kind of innovative work that it does across so many areas. so i guess it's a reflection of the importance of this space in general for the world and for the company. >> so what does that mean as far as your enterprise

amazon prime video streaming business to compete with rivals, netflix, and disney plus the julian m. gm's portfolio is james bond franchise. amazon will get access to more than 20000 films and tv shows from the historic metro goldwyn minus judy on this, let's cross to our financial correspondent in new york yen quarter. we were talking a just a day ago about i was being criticized for being too dominant when it comes to online shopping, but it's also getting bigger and bigger when it comes to streaming. we have no idea what she's going to do with this new portfolio for m g m. now, well, i mean there is content on one side, but then also the film studio, so the production site them on the other. if you look at content, they're adding title, like you already mentioned james bond, but also a robot called rocky. i believe even the lord of the rings, the silence of the lambs. so that is one side, but to really get your customers engaged, what you really need to do. it's not just showing old content but actually producing you modern and serious. and that's what they probably might do. maybe the

. >> gm is going to be competing in the space. teslas that cyber truck coming. a new electric start up, has a cool looking ev coming. >> now, ford hopes the lightning's price point will stand out. the baseline model will go for $40,000. now, it's not available until next spring. you can reserve one now for $100. and there's no trunk, so this trunk is up front like other evs. you have special compartment, they wanted to make the electric truck functional for folks out there. >>> the base model f-150 lightning can a0 without havingo ge. and thepgradedel up t bu will also get a $7500 federal tax credit and in some states they are >>> it could be luck or it could be fate. sometimes the the right person suddenly appears in your life, right when you need them most. steve hartman found this story of a chance meeting "on the road." >>> yeah. >> reporter: according to her mother, lacy. 6-year-old rae lynn has always been a daddy's girl. >> she was proud of her dad. she always wanted to introduce her dad to just about anybody. >> reporter: until a couple of weeks ago when

it's one of the companies that's riding on the over burden coat tails of tesla they took an old gm plant and converted it to light duty electric trucks, right now this market despises the spac plays because they burned people so badly. it's down 70% from the highs i don't know how they can get the mojo back. maybe it will surprise the lucrative auto parts chain addicted to buying back stock. it's reliable. you can get in the zone before and after earnings after the close, we get results from a company that's one of the greatest stories out there called intuit. this is $118 billion company and creates the best software for business accounting that i know from my experience which i'm grateful to say are back in business intuit stock hit an all-time high the great reopening is upon us, will people keep fleeing the cities for new houses in the suburbs or country that's the high end home builder but the stock hit a wall this is really important expanding gross margins. the stock can get its groove back but everything has to be perfect that lumber and appliance costs are under control. we have

in january came on and said i'm going to come out and say it what mary barr and gm are doing may endp being one of the most profound strategic turnaround the not only in the auto industry but in business my question for you today, is ford catching up >> yeah. definitely hats off to ford i mean, that lightning thing -- the home charging thing. that's -- you talk to people in texas, who didn't have power wishing there were coal plants down there oh, my lord. that's pretty cool now, that will end up being starnt standardized, but, yes catching up? yes. behind still behind, yes, we think. we have questions around governance at ford still have questions around their access to battery supply over the next few years, although the mou with sx innovations is an important step in the right direction look, we don't want to write them off we're underweight. an $18 bull case i would say the things that ford would do, and could do, to get there, gm is in many ways further down the road. in some ways ford has some advances, too, but more of a track record of consistency, i'm a huge jim farley fan,

. >> does gm understand this, she says gm is going all electric by 2035 did she understand the t in feasibilitymore mining in america ever since i immigrated here decades ago. but i don't know that they understand this may be the not been told and maybe they believe the magical thinking your point on commodity in human history this is economics 101 you learn this stuff copper is a commodity were gonna triple the demand for copper wind in all human history has a triply demand for economy and short-term led to lower prices, you have to have lower prices to make it cheaper. larry: that is a very good point of market oriented point. were gonna revisit this, thank you for the op-ed great to see you again very, very important stuff.ov moving along incentivizing work by just incentivizing welfare iowa governor kim reynolds joins us on her a fight of central planning and overly generous compensation for healthy economy compensation for healthy economy next up sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx. get 0.9% apr financing on the 2021 gx 460. exper

i think, you know, in terms of this case involving the gm plant in sila let me say i'm encouraged by the fact that the mexican government stepped in and intervened when there were reports of irregularities at this plant. i think it's using this mechanism as creatively as we brought that spirit to devising the mechanism, working with mexico because they are mexico's own labor reforms that this mechanism is intended to support and reinforce. there is a huge cultural change that needs to happen in mexico in terms of companies that operate there and we all are going to need to exercise our leadership. we've seen a lot of it from this committee. the administration is committed to it. mexico's government, we've seen leadership from them. frankly the companies themselves have to step up and be a part of that change. >> i agree with that for sure. >> on solar, part of our assessment of the agreement is how the performance has gone and then what are options are going to be in terms of enforcement. let's continue to talk about your concerns on poly silicone. >> do you imagine a scenario with s

bart gm bob powers extended his heartfelt condolences. steadfast support and in grief shock and sadness. caltrans shared this and they offer condolences as well. they said our hearts are with you. >> unfortunately the bay area no stranger to mass shootings in public places. that have been five in the last 10 years. 2008 11 a man killed three coworkers during a safety meeting at lehigh cement in cupertino. there was a shooting in oakland in march 2012 that left seven people dead. in 2017 a ups worker shot and killed three coworkers at a company facility in san francisco. the last attack two years ago a gunman killing the gilroy garlic festival. as we touched on earlier, a majority of californians want stronger gun control. a new study released showing 63% of those surveyed say they think laws covering gun sales should be stricter. that goes up to 86% of people in the bay area. the public policy institute of california survey says people in the bay area and l.a. favor stricter gun selloffs. 22% of people in the bay area say they are very co

gm is going to have an electric pickup truck.eyond what tesla has done with a small model three, and the suv and the sports car, you are going to start to see more electric cars proliferate among bigger cars, family cars, and that is why president biden went to dearborn to make the case as part of this american infrastructure plan he wants $174 billion to dramatically boost ev sales, production, and add 500,000 charging stations. that is caught up in the infrastructure debate, because a lot of democrats and president biden want to use this moment start to wean americans off internal combustion engines and move toward electric cars. host: during our lifetime we have seen all of the conspiracy theories about the oil industry holding the electric car industry back and the resistance in legislatures around the country and here in washington to moving away from oil and gas. is that resistance gone or is that still something that the electric car industry has to deal with? guest: no question lawmakers from oil and gas estates have rais

i happen to think each of the stocks works as a longer term investment right now gm, tesla, newel brandsld, visa. you don't need to trade in and out of them. i don't like that when you do. you can buy them now, park your money there, as long as you keep up with the homework to make sure the fundamental story sticks out but the bottom line, the chart is interpreted by the legendary larry williams as we approach memorial day weekend, you have an incredible trading opportunity in thesummertime stocks if you pull off the trades and do calls, i bless it. these tend to be moneymakers let's go to nicholas in south carolina nicholas >> caller: how are you doing i'm talking about ely, callaway. they own top golf with everyone coming out of the lockdown during the pandemic and summer approaching, calloway looks strong to me what do you think -- >> i totally agree with you. i think the world of callaway. this is exactly the kind of stock you want to be in. it a really good call. our viewers are incredibly start. let go to kevin in florida, kevin? >> caller: boo-yah, jim. >> boo-yah. >> caller: i wa

same for gm. right. they have supply chain issues. i look through that. it wouldn't make me sell my gm. >> all right we're just getting started on "fast money. here's what's coming up next. >> announcer: a rough day on wall street has investors running for safety but chartmaster has you covered. carter worth joins next to make sense of it all. plus we've got a fast pitch coming your way, this one has the potential to go sky-high 'vgothnd a lot more when "fast money" returns. so we get to work. we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united. (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities. like our new work from anywhere solutions, so your teams can collaborate almost anywhere. plus customer experience that finds solutions in the mo

that's impacted revenues >> this is ryan from ohio should i invest in gm? innovation, design they got a great partnership i'd be owning gm >> we'll take a quick break. we'll come back and do final trades, next today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq it's time to switch to t-mobile. right now, pay zero costs when you do! does this come in blue? keep your number and keep your phone -- we'll even pay it off! only at t-mobile. the leader in 5g. >>> let's go tienls. liz start us off please. >> people will buy food and beverages. >> shan. >> sales force probably heard it was down this week that's great huge total addressable market. s >> eog resources we like the fact go 2% outstanding company. >> pete. what do you you have >> one of the area a lot of activities. sgla you want to give

you not only have ford, you have gm, you have hyundai.going to capture these markets. it's also important to understand that in the american jobs plan, there are consumers who can help americans afford these vehicles. we know soon they will have the parody of the cost of combustion engines, but we want them to have parody now. we want consumers to have opportunities for rebids. we want to provide benefits to companies that have union workers and that actually manufacture these batteries. we want to have opportunities for our manufacturing upstream in the entire supply chain. so we're talking about grants and loans and other opportunities that we can bring to the table. the american jobs plan will accelerate everything we're doing, everything from electric vehicles to transit to buses. i mean, we are talking about transforming our transportation sector so that we're ready to build the future, not just rely on what we had in the past. that's what president biden means about build back better. and it's just a start. because we're looking at

the names of everyone who was killed include alex ward i just mentionee paul de la a gm. taj a deep saying adrian jose de jesus hernandez. the 3rd timothy michael romo. michael joseph, rob can and a bit of a hob. a lot of mud on and lars kepler lane. >> this morning we're also hearing from the san jose mayor sam liccardo. he tweeted this this morning saying, quote, alas grim toll of yesterday's shooting has extinguished are desperate hope that perhaps the final shooting victim might survive. now all we can do is what we must support our families and co-workers in pain and assist their journey to healing. >> this morning. the families of those victims are has we know grieving. they're waiting answers. they want to know more about what happened. kron 4. sarah stinson is live for us now from the scene of the shooting with some of the new developments that we've learned here this morning. sarah. >> james. i'm live here at the vta railyard where this mass shooting took place. you can see there are still yellow tape surrounding the entire facility as investigators continue to c

. >> alex ward fritsch paul de la a gm top to keep saying adrian jose de jesus hernandez. the 3rd timothy michael romo, michael joseph met can up to have a lot of a lot of mud on lars kepler lane. >> this is a tragedy this morning as we're learning more information about what happened. we're also hearing from mayor sam liccardo. he tweeted this morning saying, quote, the last grim toll of yesterday's shooting has extinguished are desperate hope that perhaps the final shooting victim might survive. now all we can do is what us support our families and co-workers in pain and assist their journey to healing. >> this morning. the families of the victims are grieving as they wait for answers about what happened. kron 4, sarah stinson joining us live at the scene out of that shooting this morning with the latest on what we know so far about the investigation. sarah. >> james, this scene. here is a stark difference from yesterday. it's a lot calmer. we're a lot closer to the scene. we know 57 cassidy. he killed 9 of his co-workers. he went into the scene here to his workplace and

. >> gm's going to be competing in this space. obviously has the cyber truck coming. >> reporter: the lightning's baseline model is priced at $40,000. production begins next year. errol barnett, cbs news, bruce township, michigan. >> diaz: next on the "cbs weekend news," a billionaire's art collection goes on display in a new home. we'll visit. >> diaz: the mona lisa has something new to smile about-- a museum opening in paris this weekend after a long pandemic wait. and as cbs's elaine cobbe shows us, not everything is as it appears. >> reporter: this is a dream come true for french billionaire franÇois pinault. paris' landmark commodities exchange, the bourse du commerce, transformed into a new museum displaying pinault's collection of contempoary art. inside, old meets new. the space re-imagined by japanese architect tadao ando. the exhibit's centerpiece is a replica of giambologna's "abduction of the sabine women," by new-york based swiss artist urs fischer. it appears to be marble, but it's really sculpted wax. the entire ins

the gm make his case to free agents. >> we were in second place with quite a few guys that i think were veteran. could have helped. but they chose to go to a team after clay's injury. they thought they could win more. that is fair to them. some even said hey clade not gotten hurt i would have come. who knows if that is true or not. it is the thing we hope we have accomplished is proving to some of those kind of guys i think the warriors can win. >>> the giants were feeling thi friday night they were in first place. by sunday and third place. after being swept by the dodgers. >> we are acknowledging the fact that we got beat every which way in the series.>> you went into a team that is hot. that is what happens. >> this series cannot take away from what we have done so far. >> not a good a spot as the a's who remain in first place. they are home tonight. the question is for how long. officials will tour portland next month as a possible new home. if they can't get that park at terminal. >>> rachel will be at olympic club next week. for the women's u.s. open. how is this for a tuneup. sco

during the quarter now all three names, chevron, wells fargo and gm had been huge winner this is yearkshire had indicated this month that it was a net seller of equities during the quarter. >> leslie, thank you with the latest on that. wells fargo, that move was very big. and just last week, tim, as guy pointed out on our conference call, you and karen talked about trimming your positions in bank of america >> yeah, and, look, the banks have been such big winners and if you look at the performance from the s&p since november it is north of 60%. so if you look at wells fargo, the interesting thing is this is really maybe the quarter that you started to see wells fargo closing the gap on a relative basis to some of the other banks. so our -- maybe slightly tactical cal in bank of america i think may be different than buffet who is not terribly tactical to his credit, i think. it is interesting if you look at the stock, since the close of march 31, we don't know whether they were selling most the shares, but the stock is up 21% quarter to date. so it tells you, you get a big seller out o

here is gm john the new niner. >> you tired?y to go. >> the niners select aaron banks from alameda. banks was a teammate of niner tackle mike mcglinchie. he's a massive human. 6'5" and 330 pounds. >>> in round three. they picked trey sermon. this guy had 331-yard rushing in the big 10 title game. gives the niners two trade. thomas opted out of this past season but is good in man to man coverage. >>> giants took the field tonight in a place few expected they would be. first place in the nl west. 19-9 record opening up a series with the padres and their star, fernando tatis. buster posey clubbing his sixth homer of the season to give the giants the lead in the first. the benefit of a year off is very clear. in the 6th profar and it is 3-1 padres. high anxiety for the giants as they would load the bases in the 7th. darren ruff pinch hitting. grand slam? upon further review a foul ball. but stay in first because la lost. >>> also in first place, the a east hosting cotton candy seller sweet one hand grab. trouble for mike fires back

you don't just have ford and gm but you have volkswagon, you have bobo.'re talking about hyundai. i mean, everybody is going electric and the question is who's going to win in that race and who is going to caption these markets. but it's also important to recognize that in the american jobs plan, there are incentives that will help consumers be able to afford these vehicles. we know that soon, they're going to have parity with the cost of combustion engines but we want them to have parity now. we want consumers to have opportunities for rebates. we want to actually provide benefits to companies that have union workers and actually manufacture these batteries. we want to have opportunities. for our manufacturing upstream and the entire supply chain. so we're talking about grants and loans and other opportunities that we can bring to the table. and the american jobs plan will accelerate everything we're doing. everything from electric vehicles to transit to buses. i mean we are talking about transforming our transportation sector. so that we're ready to bui

i'm a big time gm bull and i appreciate your insight on the stock.g to get our dividend back thanks and be well >> good question i'm going to glblow your mind when they put the dividend back it they might be looked at as an old company. they might be looked at a value stock like a tobacco company i want to there to be looked at at the electric vehicle company of the future. if they generate so much cash flow, buy back shares, not a dividend >> okay. thank for if questio natres are coming up next on halftime. e many forms of energy to meet the world's needs while creating a cleaner future for all. at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. woo! you are busy... working, parenting, problem solving. we work hard to care for the homes we love. at new chapter vitamins we've been busy too... innovating, sourcing organic ingredients, testing them

. >> gm says it is key to check the website for any changes on the rides. a new water park calls south bay shore opens in great america that's coming up in two weeks. >>> a live look at the south bay, more thane in vaccinated, in santa clara alone, 1 million people vaccinated. this comes as cases of covid-19 and santa clara reached an all time low. >>> the cdc is investigating a possible link between the coronavirus vaccine and a specific heart problem in teenagers. a small number of teenagers in younger adults experienced something called mild carditis. the condition is an inflammation of the heart muscles that can lead to fatigue and heart rhythm. >> at any given time throughout the year, there are cases of myocarditis are happening. now a large number of teenagers being vaccinated. what we are seeing is the usual number of myocarditis of some of them being reported in the days following the vaccinations. we don't know the linkages. >> the cdc says they are still in the early cases of investigations and cases linked to pfizer and moderna and slightly more