. >>> it is time to get down to business with cnbc's jackie deangeles. d morning, dara. gm is recalling another 3.4 million cars for faulty ignition switches. a company will replace keys that could move it out of the run position. the recall is seven models from 2000 to 2014. gm has recalled 20 million cars so far this year. >>> meantime, americans are donating more to charity. a new report shows that charitable giving hit an all-time record of $335 billion last year. still lagging gains in the stock market. siri meet dom. dominos has a version of its mobile app. it lets consumers speak to a computer generated voice called dom. dara, back to you. >> thanks, jackie. >>> just ahead, a big city mayor breaks two cardinal rules that every politician fights to avoid. we'll show you them next. sfleerchlgts plus, the fourth grader recruited by colleges. that's your sports coming up next. >>> now let's get the latest in sports from my friend betty nguyen. >>> in soccer the u.s. faces portugal next. germany up 2-0. portugal was a man down after a red card was issue

jackie deangeles has more from one of the company's biggest solar plants in california's mohave desert reporter: deep in the desert, a solar revolution, attracting billions in investment. with the u.s. the world's third largest market for solar and the obama administration trying to curb climate change, solar plants are spreading like wildfire. there is the solar star projects, a facility designed by sun power and owned by mid-america solar whose parent is owned by berkshire hathaway. they are designed to serve a city the size of rochester, new york. this $2.2 billion project is a clablation of bright source. it couldn't have been completed without a 6% government loan and a 20% investment from google. while the industry has seen hockey stick growth there is still more to come. billion industry, not 10 or0 on, it is $100 billion per year and growing quickly, more than 20% per year. >> and it is an industry that doesn't just generate energy, it generates jobs. >> in the facility, we'll have 65 own personnel, over the life of the the project we'll generate almost $650 million in salary a

let's go to jackie deangeles. >> good afternoon, scott. we've got oil up more than one percent today, trading around $106 a barrel. gasoline is making a bigger percentage move. scott nations, i want to go to you and talk about prices at the pump. did consumers just get sort of a crimp in their summer driving season here? >> they absolutely did. unfortunately, over $3 a barrel wholesale for gasoline is going to be the level. we're headed above that level. the important thing here is that refiners aren't going to have a tremendous amount of excess capacity, so we are going to see some supply constraints in gasoline this summer. >> jim, when it comes to the consumer and they're paying for at the pump, do consumers stop spending on other things? >> yes. it's going to be a big hit, too. by some measures it even started to go down in 2011. to say that the average consumer is suffering from high gas prices is probably a little bit of an understatement. this last five percent move in a week could be a kick in the pants. >> for more on what the sit

jackie deangeles has more. >> crude went to the 105 level and stopped dead in its tracks about you thisorning we did get over that level. now, we are trading slightly lower. i want to get your take on what's happening in oil now. the momentum we saw earlier, what's driving it, do you think more upside of that? >> jackie, geopolitical situations are driving it. right now today, iraq is the biggest situation, they declared a state of emergency, where rebels have taken over the city of mosul and threatened oil production. you have the chinese filling up their vering of the svr, their reserves so their imports up 9% last month. you also have curbing stocks at the very lowest levels since 2008. so yes, i do think there's room on the upside. >> rich, what do you think, what does the chart show you, how high can we go? >> technical levels firing an overbought situation, look at your trend line, 105, 10550, you pointed out, haven't closed above the trend line a few times the last few years, each time, an event it is a brent story, i would be a searle in the wti oil here that the 105 level. clos

. >>> welcome back to "squawk on the street," i'm jackie deangeles reporting, pressure at the open hereing at wti, just around $106 a barrel, brent crude falling under 114, and the spread is now shrinking. concerns, of course, owner iraqi supply on the forefront here, but in libya, a port was reopened over the weekend. that's closed, and now traders are worried about that country's output, so, of course, geopolitical issues a concern, but at the same time, the prices are supported and profit taking is definitely coming into play. traders also expecting tomorrow's crude inventory report to show a draw down of 2 million barrels, tightening supplies in the u.s. keeping domestic crude price supported as well. carl, back to you. >> jackie, thank you so much. >>> when we come back, rosenberg, and what he's seen in the environment. the dow now down nine. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your cu