that's not all hackett is doing. he's ramping up the investments in autonomous driving, technology, including with plant electric versions of the f series pickup and a mustang inspired crossover vehicle they have partnership to make new batteries using riveon's platform they're bringing in a former amazon guy, tim stone. he's going to replace bob shanks you puts it altogether you get a pretty clear picture six months ago everyone was worried about ford's future. you had analysts fretting about it and hitting their dividend with a 50% cut ford has put those worries to bed. jim hackett is creating a leaner, meaner, more focused company. ford no longer wants to make cars everywhere no matter what the cost it doesn't want a one-car fits all world by strategy. instead ford is only making the vehicles where it can turn a real profit or else there's nothing worth making that's why i think this stock is just ridiculously cheap at seven times earnings with a bountiful 7.5% yield ford's come back is the real deal, people, real

there were many men, such as david hackett, who did not. and perhaps because of that i have always felt compelled to try to give back in some way. and i have, indeed, been lucky to spend the betterer part of my professional life in public service and to benefit from the intangible rewards that come from such service. the lessons i learned as a marine have stayed with me for more than 40 years. value of teamwork, sacrifice, discipline, life lessons i could not have learned in quite the same way elsewhere. and when do i look back on my career, i think of having the opportunity to participate in major investigations such as pan am 103. work with homicide detect yifts shoulder to shoulderer in washington, d.c. and to be able to work with one of the finest institutions in the world for the last 11 years, the f.b.i. i will say that these opportunities would have been difficult to replicate in the private sector, and as for me i can say it has been time well spent. since its earlest days the college of william and mary has emphasized service over

the auto giant's ceo, jim hackett, breaking the news that 7,000 workers will be without a job in the news in a staff-wide email. hackett previously called 2018 a, quote, challenging year for the company while taking home $18 million for himself. the cuts are all for white-collar employees and similar to rival general motors' cuts which we saw back in november. 15% of salaried and contract workers lost their jobs in that case. >>> and in the world lead, prince charles has agreed to tea with president trump during the president's visit to the united kingdom next month. and it could make for a royally awkward exchange, given, of course, prince charles' outspoken fight against climate change and president trump's yanking the u.s. out of the paris climate accord. now, the meeting with the heir to the throne is part of trump's already controversial state visit. the president's last working visit caused quite the commotion, sparking protests across the uk, including that infamous 20-foot trump baby blimp floating above london. you can tweet the sho show @theleadcnn. our coverage on cnn cont

opposition leader jeremy corbyn that he said it's not really anything new it's just the old read hackett's and we know christian if from within she's amazing own party that members of her conservative party who have previously voted for her ideas are now saying that they will vote against it so it really looks very very dire for the prime minister at this point in time to morrow or britain votes in european parliament elections this obviously wasn't part of the original plan how is all the spreadsheet uncertainty playing into that. these elections are really all about bricks and a big winner from would we know so far is night a ferocious new party called the brakes of party and they're really a single issue party they are arguing that britain should just leave the european union he doesn't think that what people here in westminster are upset about pretensions loss of jobs if britain just leaves without any deal with the e.u. that's not his he is both a he things that is the main thing just to leave and i went to one of his rallies to see what the mood is like and also what his supporters a

al-jazeera paris well our white house correspondent kimberly hackett joins us live now kimberly in a way the european countries are caught between iran on one side and the u.s. on the other they've always been very clear that in the sara lee agree with donald trump approach to the nuclear deal and the. u.s. government has put a lot of pressure on them but in terms been speaking about iran as we've been mentioning any of this what's he been saying. yeah well certainly here in the united states there is also concern about the relationship with the allies particularly in europe. of some of the more aggressive approaches that have come out of the top administration with respect to iran in recent weeks that in fact there is outright concern among many democrats some republicans that donald trump's approach is pushing the united states on a path to war with iran and behind that is in terms of the architecture of that is the national security advisor john bolton so as the president was here at the white house speaking for another event he was asked about his national security adviser and hi

reporter: it was a bit of a surprise when the ceo jim hackett made this announcement, but it's been a long time coming. they were telegraphing that they were planning to make some big changes in restructuring, including some job cuts. they've identified this as the fourth and final phase of that. company is the trying to get its global act in order. it's gone through a series of restructurings in europe, china, south america, and here in the u.s.. management is hoping this puts it on more stable footing as it tries to grow both here and abroad. vonnie: chester, 14 layers of management does seem to be quite a few layers, and perhaps it would make sense for there to be fewer, but where would these job cuts take place? talking aboutare 7000 people globally, including hundreds of involuntary separations here in the u.s. it will bring ford's global workforce down to below 200,000, but it is part of a long-term process where auto companies like ford are really reassessing where they want to be with what kind of products, and whether they want to fight for market share or just go for better

it's never an easy thing to do and in the email today, ceo jim hackett said this. saying goodbye to colleagues is difficult and emotional. we also have a huge range of resources and services in place to support employees and matching this transition. they are trying to be sensitive to it. profit margins at fort have been struggling in terms of the competition and part of that is due to the tariffs. they import steel and aluminum. so taking those away from the canada and mexico products helped the rift with china and if it continues, we need to watch that. >> dana: at least the economy is so good that they can find something else quickly? >> these are, focusing on the part of them being more supportive and give them more time and packages as well. >> jackie, thank you so much. up next, elizabeth warren leaving no policy stone unturned. why her campaign slogan is making headlines. plus, justin amash is facing a new primary challenger. this after the backlash at the party. >> he has to understand, i think he's only ever asked one question. he works more with nancy pel

>> this is about the ceo jim hackett has he has been doing saying the company needs to be leaner and more efficient and that will drive greater profitability. of the job cuts announced, the 7,000. most telegraphed to wall street over the last several months and this will happen in waves by the end of august. most of the 7,000 jobs eliminated will be overseas. will be some jobs being cut in dearborn and southeastern michigan. in fact, this week, 900 jobs being cut worldwide. about 500 of those will be in the dearborn area, southeastern michigan. painful for the people at ford's headquarters at research and develop at the design studio there. ultimately, hallie, what you're looking at was a company that was not efficient enough and spread out too thin worldwide and trying to become a leaner, more efficient company and that is why you're seeing these job cuts take place. again, very painful week for the people in southeastern michigan where 500 people will be notified that their jobs are being eliminated. most of these cuts, most of them, will take place overseas. >> phil and anna are b

jim hackett accused -- zhang ming accused washington of blackmail. stephen engle has the details.othing,ill not do what will they do? phen: the chinese have been responseted in their to trade were tensions. when huawei starts coming into the picture, the commentary of the chinese gets a bit more the separatists -- vicious. this is where we are right now. we are getting comments as you rightly said from the chinese ambassador to the european union , zhang ming. wrong behavior. he is referring to president trump's recent blacklisting of huawei. he says this is wrong behavior and there will be a necessary response. businessights and interests are being undermined. he says it will not sit idly by. he says the u.s. government is trying to bring down huawei through administrative means. paul, you said it right, he used the term bullying and blackmail tactics. he urged the trump administration to not go further down the wrong path. we heard from the chinese foreign ministry spokesperson. he says we will have to wait and see in regards to countermeasures. state media highlighted that whet

jacqueline hackett. so in oklahoma, there are 18 residential drug treatment centers, about 550 beds. and i've read that you need about 250 more beds to meet kpaszity just for residential treatment in the state. how are you utilizing the settlement to ensure there are treatment beds and all levels of care available on demand? >> so the answer to the question is with regard to the purdue settlement, that had to be narrowly tailored as i've described to deal with the complexity of purdue's financial situation and their bankruptcy opportunity. with regard to the remaining defendants, any judgment or settlement, those funds are going to be deployed in connection with and with the decisions of the legislature. now, the legislature is going to have to act in concert with the judgment -- the consent decree or the judgment or the settlement with regard to the deployment of funds because they've got to be directed towards abating the epidemic. so in a perfect world, a significant portion of these funds would be ma

media a digital content company providing automotive news good to have you with us david so jim hackett's been talking about these cuts what since last or some other going to improve profits for ford and for the boost the price of chefs. well i think they will help shares along shares are actually up almost 20 percent in the last 3 months jim hackett's been kind of a slow walking this restructuring since last fall he doesn't like to spring anything suddenly on people but i think he's gotten some traction by talking about them since last fall as your reporter pointed out ford not only has to cut costs to make up for the trump tariffs that are costing them about a $1000000000.00 a year but they have found themselves kind of missile wind in staffed wrong for the changes that are that are coming with self driving cars with more electric cars and things like that you know don't forget that this is a company that has largely getting out of the said dan business all together so you've got layers of management and product areas that are superfluous now so this isn't going to affect blue collar jo

think they will help shares along shares are actually up almost 20 percent in the last 3 months jim hackett's been kind of a slow walking this restructuring since last fall he doesn't like to spring anything suddenly on people but i think he's gotten some traction by talking about them since last fall as your reporter pointed out ford not only has to cut costs to make up for the trump tariffs that are costing them about a $1000000000.00 a year but they have found themselves kind of missile wind in staffed wrong for the changes that are that are coming with self driving cars with more electric cars and things like that you know don't forget that this is a company that has largely getting out of the said dan business all together so you've got layers of management and product areas that are superfluous now so this isn't going to affect blue collar jobs that the men and women who work on the production line these are the office workers right and it is hiring in other parts of the business is that correct. yes this is this is salaried workers actually ford has done a very good job in the last 10