hackett, is he the right one to do. it >> he sold lines like jaguar and shutting down the mercury line and focusing on growing the forr d. that brand still has plenty of cache, especially when it comes to bg trucks. but in other parts of the eveloping ike electric cars or self-driving alhicles, ford is viewed by many onstreet to be struggling. changing that perception will depend on jim hackett's progm. phil lebeau, "nightly business report," chicago. >>> weight watchers i bulking up. that's where we begin tonight's market focus. the company is being added to the s&p midcap nd400 starting next tuesday. it will replace klx which is being acquired by boeing. its inclusion sent it u4% to $69.57. shares of accorda tanked after it lost a patent appeal. it invalidated four patents for the multiple sclerosis they lost a quarter of their value closing at $20.80. >>> snap's chief strategy officer is stepping down. following a controversial apphi redesign led to a drop in users. snap is the parent company of snap ch snap fell 2%

david westin is standing by with jim hackett, ford president and ceo.ou know how much i've been looking to this. whenever i get to speak to the ceo of ford, i'm a happy man. >> great to be here. one of the things that is being discussed front and center is innovation and technology, and transformation, and what it's doing for growth. auto industry is going through transformation, electric, autonomous vehicles. ford's perspective? with have new poll should ford electric vehicles, we have the robotic brains, and a third is the cloud technology that can orchestrate traffic. what is cool about this, the three of these things actually were not planned to come time, butt the same with because they are, we now have solutions for cities. david: you have a specific project outside of pittsburgh where you are investing a fair amount of money in, seeking investment for elsewhere. how can that help you catch up with waymo and others? >> the great story about argo, we invested in them about 360 days ago, a brand-new company, and now they have over 400 employees, a m

ford ceojim hackett, at the global business forum.nne: let's look at how china renaissance shares are doing on its debut. not pretty. losses around 15% this morning. this is a big investment bank in china. a lot of people saying they have been focusing on new economy types of focus, but he really understood scribed ipo not seeing a good day. we will have an interview with the founder and ceo next. rishaad: let's have a look before we go. we also have the lunch break coming up in tokyo. this is what it looks like at the moment, the imperial palace. a bit of rain. volumes are lower. nikkei moving to the upside the last i checked. it is flat. lunch take that break for tokyo is next. xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and as

extent of the hackett head not the one that you have a collective that extraordinary because the man on the unit. was. up above them a way to mount that one to. go bob the biggest that you saw because so many were one hundred and i look all of my you go off and we look at them and i'm. so cold a couple of them on the head of the hay and i look at me so i mean has or had no one is a nazi kind of forgotten. i'm not go how common are nationally doolittle sure the bullies can only. have done it airco how lucky i was to they literally you know for man or i don't have a gun. in or off i'm saying them call them the clear weather hasn't really washed i certainly how i should play in a while and i have some i like you're in a small group stand up. well you home a living wonder girl all. along to see the shape they took from. all of the comforter you're awesome making us feel very thick. when i bought a kick. in she. knew we were going to see it is what something is not a little bit of them. who buy one like dumbo and. go steps he's going to home ok. i think it was me who doesn't know how much

for being cerebral. >> somehow i'm not sure hackett is the key demographic they're looking for thereknow what? is there anything that would surprise you now when you come in in the morning that you have to talk about? that was something last week, wasn't it? >> no. i do know this find out what my schedule is and any time i'm scheduled to be on vacation, that's when elon musk makes news there's nothing like being on vacation and reading the early morning tweets and e-mails >> god almighty. the whole world is like that it's not just elon musk. but anyway >> phil, thank you very much if you thought that was a lot to talk about, guess what when we come back, cbs ousting les moonves immediately after allegations of sexual misconduct we're going to speak to eric dezenhall about the move after the break. maybe we have a lot to talk about with him also a little later this morning, back from the brink it has been ten years since the financial crisis we're going to look back with roger altman from evercore stay tuned you're watching "squawk box" on cnbc this wi-fi is fast. i know! i know! i kn

ceo jim hackett said his company hasd suffe billion in lost profits thanks to tariffs on metals imported into the u.s. >>> the city of akron, ohio is cracking dn on pet owners whose dogs won't stop erking. city counselsale propocouncil proposing a $250 fine and a month in jail. rapid wrinkle rep® works in just one week. with the fastest retinol formula available. it's clinically proven to work on fine lines and wrinkles. one week? that definitely works! rapid wrinkle repair®. and for dark spots, rapid tone repair. neutrogena®. see what's possible. jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy. what does help for

go to the ceo of ford motor company, jim hackett. >> trade is a function of equilibrium. decisions because, sadly, a hurricane or some sort of fire can pitch you. you are used to dealing with that. trade is policy. i have two beliefs. it has to be updated. modernized. so many things have changed. it has to be resolved fairly quickly. what we are urging our administration to do and when we are in china and europe, we say, you need to come to agreement quickly. >> from fort perspective, them -- ford's perspective, the tariffs took about $1 billion from us. we source most of that in the u.s.. we are in a good place. if it goes on longer, there will be more damage. >> are you making changes in the way you produce vehicles? >> not really. the traded not change our thinking. we are more of an exporter and that regard. lincoln is a hot product in china. we make that in louisville, kentucky. has made the price of our lincoln not as attractive. we have had to move people in that factory to other operations because of that trade problem. there is a lot of support for the price of o

to be a really interesting book about leadership is a book called washington's crossing by david hackett fisher who's a phenomenal be historian. phenomenal be historian. and it takes washington's crossing of the delaware as really a jumping-off point for ad broader book not only about that event, but, you know, going into e dill about -- detail about what the different armies looked like and what you leave that book with is an appreciation for, how do i put this, contingency, right? so many things could have gone wrong both that night, but throughout that campaign. washington was losing the war at that point. and it is remarkable the way it turned around. so i always recommend that book as a good one to give you an appreciation for how lucky we are to be americans, but also to learn some lessons both from washington's early mistakes but also what made him great as a leader. >> booktv wants to know what you're reading. send us your summer reading list on twitter, instagram or facebook. booktv on c-span2, television for serious readers. >> good morning, everyone. i'm chris goodwin with the

shery: fort ceo jim hackett at bloomberg global business forum.iffs was of conversation with u.k. economic secretary john glenn to discuss why britain is seeking opportunities in japan after brexit. this is bloomberg. ♪ shery: this is "daybreak: asia." i'm shery on in new york. haidi: i'm haidi stroud-watts in sydney. let's go to tokyo, where the uk's economic secretary to the treasury is attending japan's largest syntax summit. we are joined by john glenn. let's start by talking about what you are doing in tokyo. what kind of opportunities and investment attractiveness do you see in asia? particularly as they face a period of economic uncertainty? andhe key point is japan the u.k. have a lot in common. they have strong syntax sectors. part of the reason i am here is to try to explore why there are greater opportunities for us to work together. theu.k. is the leader in ability. japan has the aspiration to grow. there is collaboration that can be made in london and vice versa. exploring those opportunities, meeting with banks, people in financial s

let's go to the ceo of ford motor company, jim hackett, who talked about trade with my colleague davidim: trade is a function of equilibrium. everything is kind of working, and business people can make acisions because yes, sadly, hurricane or some kind of fire like we had in the factory can hit you. you are used to dealing with that. but trade is policy, so i have two beliefs about it. first, it has to be updated. it has to be modernized, so many things have changed. but it has to be resolved fairly quickly. and so what we are urging our administration to do and when we are in china and europe, we say, you need to come to agreement quickly. david: from ford's perspective, the metals tariffs took about $1 billion from us. -- $1 billion of profit from us, but the irony is that we source most of that in the u.s. today anyways. we are in a good place. but if it goes on longer, there will be more damage. david: are you making changes in the way you produce vehicles? where you produce them, how many you produce, where your supplying chain is already? jim: no, really not. the trade did not c

what's the future for ford it hovers around what ceo jim hackett plans to do.urn around plan? we're putting question marks because nobody is sure what will happen will they exit major markets europe and south america are mentioned most frequently. cut 10% to 15% of the work force? then there's the the autonomous vehicle strategy ford is investing heavily in autonomous vehicles but nobody is sure where it will pay off, how it will pay off and what's the strategy ever all and analysts are saying not sure you should touch shares of ford. that's why these shares are close to a 52-week low and analysts are waiting for when ford reschedules its analyst day. it was supposed to be this month. they postponed it, nobody is sure when it will happen and one other note regarding postponements. look at shares of geely, the chinese auto maker that is the parent of volvo. we were talking about geely planning an ipo of volvo they have said we're not going to do it because of trade uncertainties. that's made it difficult for volvo which has manufacturing presence in china to kno

jim hackett is the ceo of ford in the middle of

. >> if you look back at corporate monica and buddy hackett and checky green, the carson shows, showseople grew up watching, that's a set he's doing. that's a set piece. that's boarder line stand-up. >> yeah. what he's doing is the sorts of people he watched on tv starting in in the late '50s into the early '70s. really, although technically he doesn't drink, he is your uncle sit big the pool with a beer. that beer is likely a budweiser and he is kind of running his mouth in a colorful way and enjoying the attention of his little nieces and the teenager from next door. the problem with this is it shows something more general about him. this goes beyond language. i can not think of a president in the grand succession we've had who w.h.o. has spent so little effort in trying to be something larger than than swimming pool budweiser basic. he never tries you. think of an awrist cat like franklin d. roosevelt who actually forged something like the new deal. he wasn't thinking about that when he was a kid. john f. kennedy, to tell the truth, there wasn't a lot of things he had his mind on u

i mean gm has the ceo in marchy barra versus jim hackett who has no plan yet? >> i think, in sentiment on the autos is as negative as i have seen the sentiment on autos right now. >> but the economic back drop should be the best for autos >> they still have -- the stocks are overreacting to what the trade concerns are i think this is more a secular issue for the autos than just all of the headlines that we currently see. but i had said on august 28th i need ford trading above $10 on a couple of days before i try to buy it using that as support it was a one-day event. >> it's been 50/50 five years you've had low interest rates. you have had a growing economy you have tax cuts now. i mean what more do you want and the stock can't get out of its way? now to their defense, the industry o stwree is drupted the autonomous cars, the uber ride sharing, that type of thing five years you should do something. >> gm and ford each will have $145 billion in sales this year. gm has 8.5 billion in net income and ford has 5.5 billion the profitability that phil just alluded to

if you look back at buddy hackett and schecky green, the carson shows. >> the people he grew up watchingthat's a set he's doing. that's a set piece. that's borderline standup. >> yeah, i mean what he's doing is the sorts of people that he watched on tv starting in the late 50s into the early '70s and really although i mean technically he doesn't drink, is he your uncle sitting by the pool with a beer, that beer is likely a budweiser and he's just kind of running his mouth in a colorful way and enjoying the attention of his little nieces and the teenager from next door. but the problem with this is, that it shows something more general about him. this goes beyond language. i cannot think of a president in the grand success we've had who has spent so little effort in trying to be something larger than that swimming pool budweiser bake. he never tries. so you think of say aristocrat like franklin d. roosevelt who forged the new deal. he wasn't thinking about that when he was a kid. john f. kennedy, to tell the truth, there weren't a lot of things will he his mind on till he became president

her e-mail hackett and she's been impersonated online." quoting again, while dr. ford's life was being turned upside down you and your staff scheduled for her to testify at the same table as judge kavanaugh on national television to relive this traumatic incident. the hear would go include interrogation bay senator who's appear to have made up their minds she is mixed up. dr. ford wants to cooperate with the the committee and law enforcement officials. as the judiciary committee has recognized and done before, an fbi investigation of the incident should be the first step in addressing her allegations, a full investigation by law enforcement officials insure the empty crucial facts are assessed in a nonpartisan matter and that the committee is fully informed before making any decisions. again, we've just gotten this letter. so has senator grassley. we're seeking reaction from him if and when they come in during the hour. first one of the attorneys representing christine blasey ford, lisa banks. i want to repeat this line. as the judiciary committee has recognized a

. >> it's a hackett of mine. hannah thomas -- >> you're with who? >> sky news. >> sky news. congratulations on the purchase. >> nothing to do with me. >> i hope you benefited. go ahead. >> are you at all concerned at the message that is being sent to the women who are watching this when you use language like con job in relation to allegations of sexual assault? >> i've used worse language in my life. that's probably the nicest phrase i've ever used. it is, it's a con job. you know, confidence. it's a con job by the democrats and they know it. >> what about the message that's being sent to women who are watching. >> with regard to the russia investigation, they tried to convince people that i had something to do with russia. there was no collusion. think of it. i'm in wisconsin. i'm in michigan. i say, gee, we're not doing well. i won both those states. we're not doing well. let me call the russians to help. does anybody really believe that? it's a con job. and i watch these guys, little adam schiff and all of the guys, he takes a call from a russian who turned out to be a fa

as far as calling canadian car tariffs the mother lode, i know gm was at a 52-week low yesterday, hackettm ford saying that tariffs cost them a billion dollars in metal and they buy mostly domestically. >> there's also a problem with mexico different parts come back and forth and back and forth and the idea of unwinding -- really, i don't know even how you go about it. i think one of the things that's happened that we forget is that it is totally seamless how parts go back and forth and some parts are made there and here. it's not practical it does say, you can't on the auto stocks. all they do is get hurt no matter what. >> yeah. today, s&p, jim, global ratings has a report that says that the risk from u.s. china tariffs devolving into an all out trade war outweighs the threats by monetary policy normalization. you go along with that >> no. i think that's too extreme i think that you can -- there are a lot of different ways that those costs could be passed on there is just a -- from all the companies i talked to, everyone is trying to figure out how to not make it in china you'll be able

them in a number of markets, most notably down in the miami area but we're waiting to hear from jim hackette's working on a earestructuring plan to dramatically remake the automaker. but what that plan is, the details of that plan, are unclear. he keeps say we want the company to be financially fit. everybody likes fitness, but they want to know how you're going to get to that fitness there was an analyst's day scheduled for this september they have delayed it they will reschedule it at some point, potentially before the end of the year. and as you take a look at shares of ford, again, 9.23 is the level. if they have a close below that, you're looking at levels last seen back in 2009. >> let's talk about the presidential tweet to bring that, what is it, the active, a version of the focus >> the focus active. that's the next version of the focus, the focus active. the plan from ford was to build it in china, where it is sold, in larger numbers, because it makes sense to manufacture it there. and then import a small number here, like 50,000. relatively low volume and sell it in the u.s. well,

her momer ladies and gentlemen hackett, a dear friend of mine ' grand mom -- mom of misties and a genuine great mom. misty, if we could please open with prayer? thank you. >> please bow your heads. almighty god and father, we are gathered here today from areas far and wide brought together by single commonality that being griefing families of dear loved once that were taken far too soon and without what we continually question a conceivable reason, reasons that we cannot fathom. but reasons that overmem -- overwhelm us with sadness. because the sheer pain of a loved ones loss is far too much for our human hearts to bear. we ask in prayerful unison that you bestow on each of us a multitude of graces. graces that will greatly suffice on those days when all our strength is tested, all our hope is lost and our intense anger an that suffocating hurt we feel ravage us from within. on the days when our faith is tested beyond measure, fill us. when we want to hate remind us of your endless infinite love. when we ache and our hearts feel as if they can't hurt anymore, remind us that each day we fe

have are potentially impeachment proceedings that would be very damaging for the president's family hackett with the latest there from michigan kimberly thank you. for weeks the main opposition labor party in the u.k. has been embroiled in a row over anti semitism at a crucial meeting on tuesday the party's executive will be under pressure to draw a line under the issue the party is increasingly divided with some high profile m.p.'s calling for the party's leader the veteran left winger joe jeremy corbyn to resign lawrence leave reports. who is jeremy colby is he as his fervent supporters believe the most moral politician in generations a man who spent his entire life complaining to political justice for palestine or receive equally fervent opponents allege a close it racist and anti semites who says there's a difference between criticizing israel and criticizing jews but he blows the lines between the two. there's always been a split in the labor party on israel with one wing supportive of the palestinian struggle and another wing including many jewish labor party members who actively acce