how come gm avoided that? david: while gm's ev business first half of the year stumbled and they worked to get through production issues investors lost interest in that. in a way it was a lucky time to be structuring -- struggling with that because the core gm business has done very well. aiding incentives and rebates. they have had to do a little bit of that but less than the market . the company has been a profit machine. they have been able to buy back $21 billion of shares over the past three years. it's a lot of money. the core business is throwing off tons of cash. they aren't having sales issues like stellantis has more jeep is -- where jeep is struggling. and ram. their core products. quality issues that have hurt the bottom line because they had warned the cost. gm doesn't have those. the core business is coming for them. that is what has their stock price up better than most of their peers. that is not to say investors love auto stocks these days. but in a sector that is not at the moment below, gm h

one, has gm already seen peak earnings? gm says no.hly the same earnings next year as this year, and they believe they can grow beyond that. what's the ev path to full profitability? they believe they will hit variable profitability by the end of this year, and then full profitability not too far into the future, and finally, what's happening with restructuring operations in china? where they lost $210 million in the first half of this year. now, there's a board meeting in about a month with their joint venture partner. that's where we'll learn about potentially cutting capacity. but mary barra says some of the steps have already been taken to improve operations in china. >> we're already starting to see an uptick from a sales perspective. so, we're looking across the business, how do we right-size it, restructure it, so we have a going profitable business as we go forward. >> the other question that got a lot of attention from analysts today, general motors' push to be fully profitable when it comes to electric vehicles. they had a hu

i would rather own gm. you didn't ask me. >> i think on a technical level, tesla is running into a couple of resistance points it can go higher, but sentiment was so poor. and whenever you bet against tesla, it winds up really spiking the way it has but gm is just crushing tesla and ford on a year-to-date performance. >>> there's a lot more "fast money" to come >> a sneaker showdown for the ages, is strength in upstarts like hoka proof that nike's problems are about to get much bigger a closer look at this footwear face off next. >>> plus, another dent in the housing trade. what results from mohawk industries and stubbornly high mortgage rates mean for the sector you're watching "fast money," live from the nasd mkeit tes square. we're back right after this. ♪♪ [inner monologue] this is going to sound crazy. but i know these attack vectors. oh, had a little upgrade have we? ♪♪ okay, so that's how you want to play. ♪♪ it all started with a small business idea. it's a pillow with a speaker in it! that's right

all the money gm makes was a lot of money of what gm makes with gas cost was red, internal combustion engine. costs goes into the legacy automotive industry is trying to be and to get where maybe others internationally the chinese, the korean. so japanese already r g m just recently analysis was delay electric vehicle built out and wants to instead launch plug in hybrid vehicles to meet emissions targets was fully electric, say, as hopefully ramp up. it is also cutting costs by some $2000000000.00 for it. also announced it is cutting $2000000000.00 in spending, and that it will shift focus from emphasizing electric su, reese in favor of smaller, more affordable ease. even tesla is feeding the heat dealer mosque is also scrambling to keep pace with low cost chart. any spin factors, test, let's say it is, will be slashing prices and doubling efforts to develop a cheaper e v by 2025. all debt plus washington's terrace on chinese east. just to buy time for us all to make us that protection comes at a cost. i think there, the, the interesting question is you have these big trade offs, righ

so gm booth and fluid the e. b one from 96 to 99. now seen as something of cause callbacks and rumors abound the gm, sabotage the easy ones, kansas in order to keep selling ease jumped ahead to 2012 and silicon valley was taken over with testimony. so it's still becoming the best selling american made easy, but it was a brand little car that will discount until then. this evening. vanguard, city can see by bought beaumont around 4500 of these cheese wedges, on wheels with only between 19741977. a change in ownership meant it was eventually the brand of the commune car and also came in a longer commute of end variant, its signal to slaughter the people wanted to drive at the time. and it was, we ahead of the electric quadrant cycles, like the old padded rock c or some actually known this desire for small practical electric cars made its presence felt around the world and the 2000 in india, the v vi electric company sold the viva. and even exported it to the u. k. as the g with the and to norway split on by some stop equal heroes. ha.

jonathan: gm and the premarket up 1%.ts food -- m aersk raising its guidance, citing higher freight demand. it expects the red sea to remain safe well into next year. annmarie: we are a year into this conflict and still you do not see the regular flow of trade going through the red sea. now they are going around africa and that is why it is so expensive. maersk does not have a timeline because the u.s. government does not have a timeline of when they are potentially not going to have vessels hit by houthis in the red sea. that is an underappreciated story for this global economy and the impact of what that story means for inflation. jonathan: this is not something you can provide a timeline for. this comes down to policy. you are provide appropriate deterrence in the region or not. annmarie: the deterrence is there right now. it means basically u.s. men and women are predicting what kind -- are protecting what kind of vessels are able to go through the red sea, russian and chinese. not western vessels. they are too concer

the gm also try the hand is moving and electrified ship. it called the electromagnet in the late 19 seventies. they will confident that the battery technology had significantly improved by then. this is isaac nichol oxide battery, which has about $2.00 to $2.00 and a half times the energy storage capability. some of the lead acid batteries, which were formerly the only ones available. so this really is the, is the breakthrough that makes possible and electric car like this. but this by testing model to go back to you can see the electromagnet simply been delivered on its promises of the experimental american need. these are fed and i'm through general electric data and fords commute, our prototype with perhaps a genuine load of easy from that era that can be considered something of a success. wasn't even an easy they did. most of it's more thing on the surface appear. moving vehicles so a lot of these will battery powered 4 wheelers use during the less feet. apollo emissions a joint efforts by boeing and general motors. the 1st l r b was de

announcement may be welcome news the guidance on evs has been a moving target, gm's goal for evs was2024, by the summer, target had become, 200 to 300,000 vehicles few weeks ago company said 200,000 evs previously announced that it would not, hit one million capacity goal for 2025 with that said gm has become number two ev automaker in the united states behind tesla, ford and stellantis struggled to make progress ev sales nine percent overall auto sales market. maria: that is interesting number one above tesla. >> number two. maria: behind tesla tesla number one thank you madison alworth, joining me to talk more about the investment angle around that you will laffer tengler investment ceo nancy tengler your reaction to the gm quarter. >> maria thanks for having me it was great a great quarter. i think you can't debate that revenue i agree margins expand dividend expected to continue to grow returning capital to investors but that said it is up 36% madison raises the right point projections on evs have come down many said tesla deteriorated tesla has done i think you are seeing compan

that is what was there when gm moved in. so that plant ran for about 50 years, 50 plus years, before gm decided it was no longer economically viable or efficient. for me, it is a symbol of this postwar move of manufacturing out of urban areas and into rural areas. peter: militization, industrialization, corporatization, a, corporations control theeed that goes into the ground, the chemicals that saturate the soil, the appointment used two plants, spray, harvest, the trucks that haul the product away, and the processing operations that turn the raw material into something profitable. what is the impact of corporatization on rural america? steven: i think there were a couple of things at work, the first of which, and this speaks the agricultural economy. we have this notion of a farmer. let's go back to grant wood for a moment, he has his pitchfork and bib overalls, the american farmer. but in fact, the american farmer is and always has been deeply tangled up with large-scale corporations which make his or her livelihood possi

the improvement we expect in ev losses at gm will probably be executed between 24 and 25 at gm, overse are the major differences. mid to long term on the autonomous future, tesla is making a lot of noise about this. we think gm will on a cruise in the coming quarters. there is still a void that need to be filled. there are a number of deltas but the truck franchise is still very strong at ford. jonathan: can we talk about the difficulties in the ev business? gm was more reluctant to lean in. ford was less so. where are they placing the emphasis on the company on where they want to be several years out? john: we have a much heavier lean at gm with their platform. ford is working on a platform out of california by mostly non-auto folks, mostly in the tech world, which will address the small and mid crossover segments, car segments to some degree. ford will continue to use a multi-propulsion strategy for trucks and large crossovers. that puts them in the near term in a pretty good position in blue, but a little bit behind on the model e. lisa: reaction we have seen in shares, really und

because that will be coming soon. gm promise for the starting price of $105000.00. that is sort of it's excitement might be dead. some american automakers have tends to own the 21st century market again by shifting to electrical vehicles. the presidents nationally be golds that more than half of new cost a. it's be electric vehicles by 2030 to remain lofty and probably on the chief of the big 3 are far away from selling enough eaves and owning significantly the market share. instead, they are in dire need of protect them from potential chinese competition on their own turf. washington to answer closing the door to the chinese imports with terrace new hire terrace that now stand at a whopping 100 percent. yes, 100 percent. many countries are introducing terrace right now and chinese exports of electric vehicles, brazil, turkey, european union, united states, etc. if you take the european union, it is clear that a tariff of between 17 to 48 percent is not going to stop the existing flow of exports from china. but it may slow it down and it may provide more incentives

that is what was there when gm moved in.o that plant ran for about 50 years, 50 plus years, before gm decided it was no longer economically viable or efficient. for me, it is a symbol of this postwar move of manufacturing out of urban areas and into rural areas. peter: militarization, industrialization, corporatization, and, corporations control the seed that goes into the ground, the chemicals that saturate the soil, the appointment used two plants, spray, harvest, the trucks that haul the product away, and the processing operations that turn the raw material into something profitable. what is the impact of corporatization on rural america? steven: i think there were a couple of things at work, the first of which, and this speaks to the agricultural economy. we have this notion of a farmer. let's go back to grant wood for a moment, he has his pitchfork and bib overalls, the american farmer. but in fact, the american farmer is and always has been deeply tangled up with large-scale corporations which make his or her livelihoo

once representing american industrial trowers, and innovative manufacturing might for gm and chrysler steel from the back phone of the us auto industry. today. however, the form of glory and power of america's comic royalty. aside these days, the big 3 are shaking in their bows, revelled by fear of what the ceo of select disclose the china offensive. detroit claims shine as affordable electric vehicles. suppose an x has tensional threats like dinosaurs getting wiped over a scenario for gm and price lives. it's a situation in which the big 3 found themselves once before, almost just a few decades ago. to meet station much you're welcome to detroit in detroit historical society the, the venue that we're about to step into now is called america's motor city, which was the, which would, was detroit was and really still is dave had a successful engineering, korea, spending decades in the automotive industry over now he's looking at what is and what will be in the us auto market through the lenses of a story. the threat cheap chinese tvs post to us automakers reminds them of a time with jap

>> well, gm has a breakout, so -- >> oh. >> as long as gm holds above that 50 level, i you this it'sinteresting and you just follow where the momentum is tesla has a big prove point, i would say. it does have the shape of a long-term turnaround, if you zoom out, but near-term, it has an overbought downturn it has to contend with >> they have to deliver on a lot when it comes to the expectations -- >> yeah. >> of the lower priced vehicle, for one. >> it really comes down to margins. we've been talking about, where do they bottom if you look at the gm number, they are in line with gross margins and automotive gross mar ji margins. they need some clarity about what a low-end model 2 looks like, when it's going to come. >> it is about margins a year ago, if not five, six quarters ago, they said that was going to be trough margins, it wasn't and they haven't gotten better. >>> coming up, a consumer call from the charts. why katie says one side of the trade that could start to lag. that one is next f more "fast money" in two let's go boys. the way that i approach work, post fatherhood, has

a morning that gm beat on the top and bottom line.n with lockheed market results. >> 680 per share but revenue up 17.1 billion dollars and missing the mark defense contract is impacted by a lack of funding by fighter jets as it negotiates lots 18 and 19 with the defense department that is expected to be resolved this quarter according to the their cfo. segment operating profit and eps and recash flow and raising the dividend and raising the stock they post 166 billion dollar backlog and led by missiles and fire control 2.7 was strong lockheed cfo telling me demand is, quote, very, very strong and pointing to gmors, the artillery rockets that are used in ukraine and other places and missiles are produced for the air force and navy and they make a missile defense system which is what the u.s. is supplying to israeli along with troops and he notes that is already in israeli on election and defense spending currently set to grow 1% due to budget gaps our base forward is no supplemental you but if there are that would represent upside to t

but it looks like 60% another trade ends for these new evs are coming from nadh gm vehicles. so people are excited about the lineup. so only the new agreement when i believe will be in about 3.5 years. only time will tell tony totty, we very much appreciate the update. we look forward to catching up with you again soon. thanks for joining us thank you. of course with just two weeks left before the election, the harris campaign is bringing out the big guns president obama, and the real slim shady himself much more to come and another hour of cnn news central before we condemn vice president harris basis voters and takes the pressing questions, lie. anderson cooper moderates a cnn presidential town hall kamala harris tomorrow nine eastern on cnn allergic edge, giving dogs pills was a battle of wits. oh, maria, i'm wants to your foolish game. >> he's had gone totally gone its relief just got easier. >> apa quell the trusted number one treatment for allergic, which is now available in a tasty chewable that works in a day. do not use in dogs with serious infections may cause wars

me i want to see a stock that sees price outperformance versus s&p 500 and we see that with ge and gme see earnings growing the last couple of quarters maybe it can keep that up but that's what we see in the last couple quarters. >> the thing about gm were no best friends because you pick car stocks is become a financial engineering not a car story they're buying back stock, they spent $16 billion buying back stock, shares outstanding have gone 1.3 billion early next year and they will be sub 1 billion when you put that much capital back to investors it is going to show up and result. jack: do i understand your taken walgreens? >> it is a hated stock right now it got booted out of the dow earlier this year in favor of amazon. it still on the s&p 500 but is one of the lower market value stocks in the index, could get thrown out of there, i don't know, that would be pretty bad. i'm thinking that walgreens is making the painful but necessary steps with the new ceo tim wentworth that came along in october of last year. they are cutting in closing where the thousands stores. >> drugstores

so gm booth and fluid the, the one from $96.00 to $99.00. now seen as something of cause callbacks and rumors about and the gm sabotage the easy ones. kansas in order to keep selling is jump ahead to 2012 and silicon valley was taken over with testimony. so it's still becoming the best selling american made easy, but it was a brand little car that will discount until then. the c ping vanguard city can see by bought beaumont around 4500 of these cheese wedges, on wheels with fluid between 19741977. a change in ownership meant it was eventually the brand of the commune are. and also came in a long commute have and very, and it's signal to sort of tv people wanted to drive at the time. and it was way ahead of electric for just cycles like the old palate, roxy. or some actually know this desire for small practical electric cars. me this presence voted on the wood and the 2000 in india, the v vi electric car company sold the viva. machines like the crew, the bizarre carbon sparrow, which quite frankly looked like a giant tool are the same class c

gm has agreed to a joint venture with canadian mining company lithium american corporation. it states gm will pay about $625 million to develop a lithium mining project in humboldt county, nevada. lithium is a key material in ev batteries, and gm has been working to grow its electric car business. company leaders say it plans to manage battery cell costs by sourcing lithium from here in the united states. amazon is coming out with a new version of its kindle e-reader, with an exciting enhancement for the first time since its launch back in 2007. the new kindle will have a color display screen called kindle color soft. the device will retail for $279. the e-commerce giant announced the new kindle today, along with a few other refreshed items from its e-reader lineup, including a new scribe with note taking and an updated kindle paperwhite for 159 bucks. all right, all you disney fans, do you have an extra $400 to spare? disneyland certainly think so. with its latest offer to skip the line on its popular rides, disney is unveiling its lightning lane premier pass. it's similar

that's not a mistake for gm and still and to slash chrysler content to make you guess chinese if he produces pushing for entry into the us market. but detroit nose right now, it can compete with china. so overwhelming strength and the low cost electrically, you called 2nd for now us call make us have nothing to offer that could compete against these like this one here. be why the see go with the starting price of under $11000.00. time for an expert to chime in on why and how china became so powerful in the fields of ease and how it's managed to become such a threat to us comic lobby. i myself goal is a senior fellow with a trustee, chair in chinese business and economics. at the center for strategic and international studies, or c s i s in washington dc. well, we've seen this remarkable growth of the industry in china. chinese, these, you know, they, they have been developing for quite a while. the industry has been growing in china for quite a while, but i think outside of china, it's been quite a surprise over in the past couple of years we've just seen, you know, the rapid growth of expor

this follows the launch of the chevrolet equinox, and gm plans additional new ev vehicles in 2025.id bailey is professor of business economics at birmingham university. were you surprised by how strongly the results came in? they are certainly very strong, in line with what we expected given that they said they were doing very well, but they beat market expectations pretty handsomely. on target this year for a $15 billion pre—tax profit and what is happening essentially, the company is trying to make money out of combustion vehicles to find the shift into electric and autonomous vehicles, and it is doing that pretty well, the share price is up by a third. deliveries were down but profits were up on the back of strong pricing and managing the inventory is very well. how does it compare _ inventory is very well. how does it compare to - inventory is very well. how does it compare to its - inventory is very well. howl does it compare to its peers especially in detroit? it is doinu especially in detroit? it is doing very _ especially in detroit? it is doing very well, - especially in d

so, what i make of it is, gm's actually operating better and ford not so much. you know, ford's been stuck in the mud now and gm is breaking out, so, that's how i read this entire thing. >> i tell you what, i think that decoupling has been all year. 51% performance year to date. and some of this is -- ford continues to tell us they need to restructure their business, there's a lot of things that have been wrong about how they have been set up. and we're still waiting for more of that. but back in july, $10 to $12 billion was the guide. so, from that, you were expecting $2.5 billion in the fourth quarter, now $1.9 billion. these are big, big changes from a time, if the problem is the company hasn't been able to forecast their business, this sounds like the same old story. i love gm here and i think it's going higher. >> phil just mentioned that the loss per vehicle ev has gotten below $40,000. inventories are too high. you watch the football, right? >> all the time. >> i saw these ford commercials where they're talking about evs, talking about free installation a

gm's initial goal is $400,000 by mid-by mid-2024.y summer the target had become 200,000, to 300,000 evs. the company said 200,000. they previously announced they would not hit their one million ev capacity goal by 2025. all that said, gm has become the number 2 ev automaker behind tesla while ford and stellantis, ev sales are 9% of the overall auto sales market. stuart: thank you very much. ben stiller and andy cohen to promote girl dad's voting for kamala harris. >> this is the time to show your support for your daughter's. >> my vote for kamala is an investment in my daughter's future. blue and house that going down with male voters? trump joined the undertaker on his podcast. >> never thought he liked me. i felt badly because he's a terrific guy and they -- dana white said he considered it bravery. stuart: we will tell you which big celebrity donald trump was talking about. biden deeply concerned about the release of secret documents on israel's plan strikes against iran. a major breach. who did it? we want to know. that's next. w

gm: never gonna happen!) i want my baby back, baby back, baby back, baby back gm: he doesn't work here. pepper: (singing) chiiiiiliiiiis! baby back riiiiibs! vo: 3-for-me means more for you. get a bottomless drink, bottomless chips and salsa, and the all-new big smasher burger with fries for just $10.99. only at chili's. (♪♪) how you choose to power up is up to you. but if you want the horizon chasing rubber-burning, dream-building, adrenaline-pumping power to do, ford® is your starting line. gas, hybrid, or all-electric the power is yours (♪♪) you've been accused of plagiarizing your master's thesis. you tell the truth, you can have this bucket of bud lights. i'll go first. no. professor wilkins has been taking karate classes ever since that saxophone girl put him in a headlock. that was a secret! now it's a beer. everybody, let's focus please. >> mike: next sunday night, the giants go to seattle. joe burrow for five touchdowns. cincinnati and the bengals, next sunday. the cowboys down a couple of linemen n

in michigan alone they promised $500 million to gm motors. you have unionized workers saying if we don't get that handout from the ira, if that goes under a trump presidency, jobs are going to be lost. it's like waving this shiny thing in front of voters think that you need to vote for this or lose jobs tomorrow. it's so shortsighted. they are not looking at the long term. with the kamala harris presidency will come these ev mandates and it will be the long-term demise of the auto industry. >> kayleigh: we will see if that happens. going back to democrats in panic, i wanted to put up the national numbers for you. real clear politics, average of polling. what you see nationally is kamala harris with a 1.6% lead. okay, you say. biden ended a .9% lead in 2020 and clinton, who went on to lose, i would remind our viewers, had a 7.1% lead. have they recalibrated goals? bob casey with an ad that says casey supports trump's trade order. what is that say? >> patrick: bob casey is a great american who supported kamala harris. >> kayleigh: for a policy,

is the headline gm or not? >> i think it might be ge. i will take the other side larry koch delivered once again. people don't understand, if there's any slowdown at all, there was one bit, because of boeing, there's some issues, but i think i see right through them defense was not as strong as i like down 11, come on this is like an insult to what larry has built here i want to take the other side and trade on that one. verizon, no. verizon is just too hard for me. i don't know this has now become a serial let's just sell it, whatever they say it is hard to find anything that's really glorious today other than 3m. which really bill brown is energizing that company like you can't believe. beautiful, beautiful quarter and rtx, i like the rtx defense and the aerospace. we have a mixed bag as opposed to the futures which just indicate we have a bad bag >> which has a lot to do with what bonds have done >> yes, it does, and interest rates coming down. there's these apple -- i mean, oh, my god, the guide up, the guide down, enough, enough let

electric vehicles. suppose an x has tensional threats like dinosaurs getting wiped over scenarios for gm and price lives. it's a situation in which the big 3 found themselves once before, almost just a few decades of the meat station much you're welcome to detroit in detroit historical society. the venue that we're about to step into now is called america's motor city, which was the, which would, was detroit was and, and really still is. dave had a successful engineering, korea, spending decades in the automotive industry. now he's looking at what is and what will be in the us auto market through the lenses of a story or the threat cheap chinese tvs post us automakers reminds them of a time with japanese comic as calls have for the us automotive industry. the so in the sixties and seventies, you know, we had toyotas and, but they weren't really what we, what detroit automakers consider. competitor you ask for your money for them on a toyota celica. if you can find the front of the toyota, and we bet you can, as those cars got better in the eighty's and ninety's, it became much more of a

that was their when gm moved in.plant ran for about 50 years, 50+ years before gm decided it was no longer economically viable or efficient but lordstown, for me, a symbol of the postwar move of manufacturing out of urban areas and into rural areas. >> militarization, industrialization, corporatization, quote from the book, corporations control the seed that goes into the ground, the chemicals that saturate the soil, the equipment used to plant, spray, and harvest, the trucks that haul the product away and the processing operations that turn it into something profitable and what is the impact of corporatization on rural america? >> well, i think there are a couple of things at work, speaking to the agricultural economy, we have this notion of a farmworker, let's go back to grant wood, with his pitchfork and overalls, but the american farmer is and always has been deeply tangled up with these large-scale corporations which make his or her livelihood possible in the first place. the first big ones, mccormick, the first

of automotive gross margins and trading off a low-end ev $700 billion market cap, just look at what gm, you know, it's a $60 billion market cap, there's a lot of debt there, so, higher enterprise value, but at the end of the day, it's just not that compelling as an auto company, until they can actually more clearly lay out this vision for autonomy until they can get full self-driving, not supervised those are the things that i think that a lot of folks are valuing it right here, and i don't know if it deserves to be that, robotics and all this other -- >> does it deserve a premium because it is in the lead -- >> premium premium? i mean, like -- here's a stock that trades, like, all the other auto market caps combined in the world are less than this one, and then you think about it, it's still down 50% or so. >> should it trade at the same multiple as gm >> no, of course not >> should it trade where it is trading here >> ah -- i think it's expensive, but i mean, this is -- valuations never really come into play in anything you do with this stock. again, you got to give them something. i

phil lebeau on gm, seema mody on 3m and pulte and the trade from chad the first stock up, phil, is gmthe company easily beat wall street expectations for the third quarter. shares surging today let's get to phil for more >> they're surging because this was not just a beat on the top and bottom line, this was a beat by a wide margin they came in with earnings that were 53 cents better than the analysts consensus so the top line, bottom line estimates were blown away. solid sales and strong pricing especially in north america. their profit in north america up 13% compared to the third quarter of last year and it's one reason why they lifted their eps guidance on the lower end. brought up the lower end of what the minimum will be. also raising their 2024 profit guidance as well look at the stock there. up almost 10% on the day if there is one area that people might sit there and say, i'm not real crazy about this. what's going to happen it's china which used to be a big profit driver for the company not the case anymore look, they lost $137 million in china in the third quarter they are

groups supported by a ron mo, most route because we were left with no choice but to respond to the gm. if israel decides to retaliate, then it will face harsher reactions. you slow me this, paul, you button the in the occupied westbank, a funeral has been held, so the only person killed and a ron smith, silas salt, a palestinian man, hit 5 parts of a rough hit that fell from the sky in the city of jericho. israel's former prime minister, enough tale bennett, has explicitly called for an attack on around new care facilities. posting on x. we must act now to destroy around some nuclear program. it's central energy facilities and to faithfully crippled this terrorist regime. a flurry or i spoke to gerald fire stein from the middle east institute. think tank. i asked him if he thought the is ready. government agreed with bennett. well, i can't speak for the as really government, but i can say that the us government is very clearly opposed to anything like uh, what mr. bennett has suggested and president by and has said very clearly that the was, has no interest in supporting an intro here

gm shares having the best day since november 2022 up a healthy 9.4%.its grew year-over-year by more than 30%. sales better than 10%. evs grew 60% year-over-year. the high prices and there, we have been hearing so many reports of weak credit around car sales. that doesn't seem to be affecting gm at all. the best day going back to november 2022. jeanne: -- sonali: abigail, thank you. we will turn to the deal market. it has been driving the market forward. let's get insight with rob brown the ceo of lincoln international. great to talk to you, by the way. all of the major investment banks said the pipeline is really starting to build around the corner. but, this year has been choppy. you look at companies don't have a getting. you heard about supply chain, for example, becoming a problem. what was the last time you heard that? how do you see the next couple months moving forward in the deal market when there are still uncertainties about the economy and the direction of u.s. politics that could drive the economy? rob: a lot to unpack their sonali and it's

and analysts point out to us the fact gm is doing a much better job than competitors in terms of keeping discounts down, which is not great for consumers but is obviously very good for the company's bottom line. so we saw that pop in the share price up by 10%, should be one of the outperformers again today. >> we will indeed be looking for those tesla numbers later on. thank you as always. >>> next up here back to politics. vice president kamala harris says she is prepared if donald trump tries to declare victy before the final election results are released. we'll play for you those important comments when we come right back. you those important comments when we come right back and keeping it off? same. discover the power of wegovy®. ♪ ♪ with wegovy®, i lost 35 pounds. and some lost over 46 pounds. ♪ ♪ and i'm keeping the weight off. wegovy® helps you lose weight and keep it off. i'm reducing my risk. wegovy® is the only fda-approved weight-management medicine that's proven to reduce risk of major cardiovascular events in adults with known heart disease and with either obesity or overwei

you cannot sell a ford or gm in europe. go to europe, you got to sell a ford or gm, why? how about japan? 100% tariff spook if you said that we will tariff you the way you tariff us, do you think they will allow mercedes and all of these japanese companies, porsches and bmws, 100% tariffs in america? they will come a negotiated end and they will come down. >> jesse: the chairman and shark tank investor kevin all really, are you tariff man? >> i am actually in the case of china. i don't like tariffs generally but china, we are in an economic war, 100% that is the case spook we don't play on a level playing field, i do business there is so it's not echo -- academic study. have been screwed by the chinese for 20 years now, just one investor, one player they. they don't allow you to use your ip. i will make a point about one situation every american nose, everybody loves tiktok right? you declare it to chinese spyware in the congress, genuine 19th, it has to be shut down. the supreme leader himself is using our court system to see was in the united states to stop that from ha

gm hello from the bbc sport centre. i'm hugh ferris.pakistan have won a home test match, and it was a pretty big one too. they beat england by 152 runs in the second test in multan to level the three—match series. left with the monumental task of chasing 297 on a dusty multan pitch re—used from the first test, england were dismissed for 144 before lunch on day four, with noman ali doing the bulk of the damage on the final day, taking seven of the eight wickets to fall. it is pakistan's first test win on home soil since 2021 and sets up a series decider in rawalpindi, which starts next thursday. i think pakistan cricket needed it. ,., ., i think pakistan cricket needed it. ., , ., , i think pakistan cricket needed it. personal milestones or personal— it. personal milestones or personal statistics - it. personal milestones or personal statistics can - it. personal milestones or personal statistics can go | it. personal milestones or l personal statistics can go to one side, even if it is captaincy, but i think pakistan cricket needed this

quarter, gm had a very solid quarter because there was incredibly high demand for their higher margin vehicles. there wasn't as much demand for the more economical vehicles. so they saw most of their demand come from the silverado and gmc yukon, big, gas yo you. yoguzz lingtrucks. people will want to buy evs. we have to let the market decide. maria: that's the issue that i have, the mandate. buy whatever you want. we shouldn't be forced to buy a certain kind we've been talking about interest rates. ever since the federal reserve cut rates by 50 basis points rates have been going up. the yield is pulling back. down 5 and-a-half basis points on the 10 year. this is around 4.2%. economic activity was flat in most parts of the u.s. since early september, more than half of the central bank's 12 districts reported slight or modest growth on unemployment and prices. what's your take? >> don't fight the fed. they said they would lower rates. the second one, don't assume the fed has any idea what they're doing. they're probably making is up as they go along. i think that's what the bond market

gm and ford, are they going to follow suit?s, they have diverged meaningfully because they have a solid plan base in the u.s., don't have chinese cars coming into the states. sales in china are not as big of a component as they are for european manufacturers. also, gm has done well with hybrids and combustible cars and trucks, which seems to be a mainstay for americans. jonathan: they're very different auto markets. we have talked about this, this is the direction of travel, three separate islands that don't really interact with each other. all plants producing for a one, auto plants producing for another. lisa: maybe it is geographic. europe has not come up with that framework preferably yet for how that will look. annmarie: long-term question for the auto industry, if the world really does move to ev's tangibly in the future, what does china do next? they have the raw materials and the processing. at what point does china say, you want the electric vehicle or the battery? you cannot just buy the battery, you have to buy the c

and shares of gm higher on the back of yesterday's analyst meeting.bullish on their future ev plans. what do we think here? >> i'll go to delta first, we talk about this. this has been in a very defined range the last couple years, between 35 on the low end, 52, which is where we are on the higher end. you have to trade the stock. he talks about it being a trading sector, that's exactly right. so, at these levels, despite the fact that it's the best airline out there, these are -- last two years, this is where you take profits, not to add to longs. >>> coming up, a look at my new cnbc investigative documentary, the black market of obesity drugs. an in depth look into the counterfeiting of the widely popular weight loss drugs is next. >>> plus, china stocks dropping again. but options traders could be betting on a big move higher in one levered etf. the details on that trade, when "fast money" returns. >>> missed a moment of "fast?" catch us any time on the go. follow the "fast money" podcast. we're back right after this. >>> welcome back to "fast mone

the giants are expected to formally announce minasian as the new gm soon. oh, by the way, zach happens to be married to our karina nova, abc seven news anchor. so congratulations to you all. all in the family here. >> caught on camera, a postal truck slams into a car. what happens next? shock the car owner. a bay area refinery told to pay up over bad air, and it's one of the biggest fines ever in california. and it's your job. at risk hi, my name is damian clark. if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. most plans include the humana healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. plus, your doctor, hospital and pharmacy may a

ralph nader took on general motors back when general motors where the phrase was what was good for gm was good for the country. he took them on and beat them for auto safety regulations. that shows how intellectual ralph neighbor was but how influential was gm at the time. >> i didn't know that about ralph nader either. i was struck by the fact that he was able to do that on a consumer campaign which i feel would not happen today. >> the founder of the country envisioned that lobbyists or what they called factions would have influence or try to influence legislation. they foresaw there would be a faction of consumers or workers and then a faction of industrialists or creative companies and they would fight and influence legislation. they thought there would be equal sides and equal strength to battle each other out to equilibrium and for the most part, that happened until the 1970s when companies put so much money into washington they tipped the scales. consumer groups and ralph nader is gone and the environmental groups do not have the power they had. right now in washington only cor