plant in lordstown ohio as does his brother tommies always hoped his kids might one day find a job at the factory too so the news has devastated him you know i feel that. there's a good chance g.m. might literally shut its doors and if that happens i feel like you know our town is just going to be you know done just finished g.m. is the biggest employer in rural lordstown but the plan's only produces the chevy cruze off to rule small and compact cars are not that popular in the us anymore g.m. stock increased by about ten percent the day after they made the announcement so investors are happy with that because what serves the bottom line of g.e. and these companies is not necessarily what what is best for these communities and certainly what's not not what's best for the workers as chevrolet impala was the first cars have rolled off the assembly lines here hough a century ago sixty million cars later and the lordstown factory could face closure on march first next year there is definitely still hope because i think even even mary barra the c.e.o. of g.m. knows how important that lords

so general motors, when they announced that they are going to be closing the lordstown plant, in theohio, because you have so manyjobs that are not only directly impacted by that, by the people who work at lordstown, but on the people who work at lordstown, but also on the other companies in the supply chain that are dependent upon that plant and supplying parts for those cars. the economics of the automotive industry are complex, so how much responsibility can we put at the door of the white house and president trump's trade policies? certainly donald trump and white house policies are partially to blame — they're not completely to blame. part of the blame goes to the american consumer, whose tastes have changed over the years. and now two thirds of the cars that were sold in the united states last year were trucks and suvs and crossovers, as opposed to sedans. the lordstown plant produces the chevy cruz, which is a compact car, and so it's not that profitable a carfor gm to be making. however, you know, donald trump, when he was campaigning, and in office, has initiated a trade war

plant in lordstown ohio as does his brother tommies always hoped his kids might one day find a job at the factory too so the news has devastated him you know i feel that. there's a good chance. literally shut its doors and if that happens i feel like you know our town is just going to be you know done just finished g.m. is the biggest employer in rural lordstown but the plans only produces the chevy cruze after all small and compact cars are not that popular in the u.s. anymore g.m. stock increased by about ten percent the day after they made the announcement so investors are happy with that because what serves the bottom line of g.e. and these companies is not necessarily what what is best for these communities and certainly what's not not what's best for the workers a chevrolet impala was the first cops have rolled off the assembly nines here half a century ago sixteen million cars later and the lordstown factory could face closure on march first next year there is definitely still hope because i think even even mary barra the c.e.o. of g.m. knows how important mortality is told us

with me now the mayor of lordstown, ohio. mr. mayor, welcome sir., first just out of the gate, the president's tweet of we're looking at cutting all gm subsidies, what's your response to that threat? >> well, you know, you can't say that when he says he wants to do something he's going to go in at full force. i guess i can appreciate that, if he wants to keep general here. i've heard that many times. it was about six, eight months ago when they moved the hatchback production to mexico. he said something similar to that about tariffs. i'm hoping that we have something, a product here. they said they're ceasing production. they haven't said they're permanently shuttering the plant. i guess i feel we still have a pulse and a heartbeat and i would like to get another product here. >> do you then have faith in this president to fight and to keep those jobs where they are? >> yes, i do right now. the president has made his point perfectly clear. he feels that ohio is a very strong place where he wants to keep the manufacturing. he has said that from day o

let's be sure that lordstown has a shot at that and if they do choose lordstown, i know it's going touse they've proven that in the past the community is totally supportive we as federal and state and local lawmakers are interested in being helpful i think there's a recipe for success. >> senator, it's joe again do you think all subsidies should go? if you take it away from gm, you ought to take it away from everyone and let the marketplace decide what they want to drive >> i think electric cars are part of our future as well as other technologies and we've got to invest in that. the way to invest in that is do it through basic research to provide the appropriate subsidies to get that up and going. if you don't -- just as they try to do in steel you know, 15 years ago had 15% of the world's steel production. now they have half of it they're doing it with electric cars now more than half the electric cars that are being driven are being made where in china we've got to stay ahead of that. that is part of keeping america competitive. the government does have more there. it's more the ro

in baltimore, detroit, ontario, canada and lordstown, ohio home to the chevy cruz. >> i felt like somebody kicked me in the stomach. >> reporter: tough news for president trump. . > not happy about it at all >> reporter: just last ioear, 15 miles from the lant, he promised a future with jobs. >> we're going to get those jobs coming back and we're going to fill up the factories or rip them down and build brand-new ones. >> rorter: now lordstown stands to lose 1600 jobs, losses the union vows to fight. >> we have the best ople and best location in the world to build products. >> reporter: already squeezed by the president's tariffs ll adding $1.4 n to the cost, g.m. says today's action are part of an overall effort to save $6 billion in turning aw from passenger cars, g.m. is following a road paved by fiat, chrysler and ford. lester? >> ann thompson tonight, thank you. >>> to the big storm socking thle of the country quickly asoving onto the northet, fueling frustration at the airport. nightmare delays and cancellations for families that want to get home. nbc's matt bradley is in chicago >>

knows how important lordstown is taught us. maybe you know why i'm doing this is just a reminder to let her know like there are people like me there are people like me that have children that depend we literally depend on being able to go to work and make good you know money and get our paycheck at the end of the week and if you take that away from us what are we going to do tell me while they carve and others know that they uni and the state government and president trump are on their side they just hope that they can keep their plans and their livelihoods going. i'll have more business news here at the top of the hour now it's back over to sara thank you so much al and i were heading out to the mexican side of the border with the united states where more than seven thousand central american migrants are waiting in the hope of escaping a miserable situation and authorities say that the camp is on the brink of a health crisis the migrants trying to get into the united states but with tight security on both sides their hopes for

in baltimore, the detroit area, ontario, canada, and lordstown, ohio, home to the chevy cruze. >> i felt like somebody kicked me in the stomach. >> reporter: tough news for president trump. >> not happy about it at all. >> reporter: just last year 15 miles from the ohio plant he promised a future with jobs. >> we're going to get those jobs coming back and we are going to fill up the factories or rip them down and build new ones. >> reporter: lordstown stands to lose 1600 jobs, losses the union vows to fight. >> we have the best location and the best people in the world to build products. >> reporter: already squeezed by the president's tariffs adding $1.4 billion to costs, gm said today's actions are part of an overall effort to save $6 billion. in turning away from passenger cars, gm is following a road already paved by fiat-chrysler and ford. lester? >>> thank you, anne. now to the big storm socking the middle of the country quickly moving to the northeast, fuelling frustration at the airport. nightmare delays and cancellations and a lot of families who just want to get home. nbc's mat

lordstown has been a critical part of that whole region up there. and it's a sad day. >> dana: mr. mayor, tell me about the importance of -- there's the plant, but there's the other jobs that are supported because of people working at the plant. they have to buy food. they go to restaurants, they want entertainment, things like that. >> the spin off is huge. not only do we have general motor, which we had three shifts two years ago. now we're down to one and now zero. the restaurants, the gas stations, car washes, department stores, grocery stores. i mean, for every job that gm provides we've been told is seven jobs which are spun off from that. we're thinking at the village about $1 million income tax hit per shift. that's about $3 million we've lost. we've tried to diversify. >> dana: i was just going to ask if you agreed with president trump, who tweeted this less than an hour ago, he's going to possibly take away the subsidies for gm for those electric vehicles. >> you know, i do support president trump. i feel most electric vehicles are going to be small. i don't think they de

look, the problem we have in lordstown with general motors is there's now a car there that has very thinrgins. people aren't driving these small cars. but when you add to that the question of tariffs, it means those profit margins are even shrinking even more and more so what we've seen in lordstown is a car that's not selling and there's no magic way to bring it back. what i hope will happen is that we can work with the people at general motors to see if there is another car we can put in there. we went through this with chrysler and we had long negotiations in toledo and things were better as a result of it. more employees. there was a gm plant that shut in dayton and our folks went to china and they brought a company, i think it's about 2400 workers there now with salaries that were greater than what they were doing in the old auto plant. so there's two ways to look at this. let's knock off the tariffs, they're not serving anybody's interest because they make the cost of the cars higher and companies have to either eat them or they pass the cost on to consumers who can't afford, peopl

governor john kasich talking about that lordstown plant closure.aying lordstown has been part of the gm family for more than 50 years. see if work with gm to anything can be done to preserve a future for the plant and in the meantime, we set up a job center to help employees find .ork as quickly as possible we will do everything we can to help the families affected have opportunities. bill johnson from ohio saying i am disappointed with gm's decision to close the plant. senator robm portman of ohio, imdb frustrated with gm's decision to shut down their plant in lordstown and disappointed with how the employees have been treated throughout this process. just some of the reaction to that announcement. 14,800 positions being eliminated by gm over the course of the next year. james in new jersey works in manufacturing. good morning. caller: thanks, c-span, for taking my call. i did it for many years manufacturing all types from textiles, whatever. this is the problem that i see. system.ed to the school i was taught different things in school -- when i

factories like this one in lordstown ohio were part of donald trump's plan to revive america's rusting industrial base. but now it and four other factories general motors plans to shutter won't be making anyone great again. since the announcement trump hasn't minced words when it came to g.m. taking to twitter he threatened to cut government subsidies for g.m. including support for their electric car program. g.m. does benefit from a tax credit for electric car manufacturers but it's already due to expire in the coming months and it's unclear what other subsidies if any trump could plan on cutting despite the presidential pressure g.m. isn't backing down industry experts expect car sales to slump in the coming years and the automotive giant says the closings are part of its plan to adapt to changing consumer demand. shutting down ports of entry at the u.s. mexican border near san diego is costing local businesses millions of dollars hotels shopping malls and street vendors are affected by the measures on both sides of the border the country's busiest border crossing temporarily. crossi

last night on this show we had on the mayor of lordstown, ohio.e said every job lost there at that gm factory causes numerous other jobs last that we pend on the factory. some say it could be as high as 7 jobs that are lost for each gm worker. that's a lot of jobs. >> it is. that's why obama and everybody wanted to save general motors and ford during the financial crisis. it wasn't just those jobs that were in peril. it's the suppliers and the community that's in jeopardy. right now there are a million more jobs available than there are workers to fill them. it's such an ebullient jobs market. there are a lot of manufacturing jobs. added 300,000 jobs in manufacturing the last two years. i'm unhappy as president trump is about what general motors is doing because it was their problem and they guessed wrong on the kinds of cars that americans are going to wants. everybody bought into the idea oil prices were never coming down again. liz: you wonder why they can't build factories that can be retooled when prices go down. >> i think we are overstocked

no plant will be closed and then we have lordstown being closed in michigan.he was making commitments he couldn't stand by and didn'tse that that equation doesn't follow that way. business leaders have to make judgment calls as they see them at the time. harley davidson repositioning what they had to do. they didn't want to get in a fight with the president on this, but to sell domestically, they manufacture domestically. to sell into europe and other places, they had to start to manufacture in thailand. that cost some jobs in kansas city but for harley and gm or for president trump to be attacking for that matter, for amazon and great iconic companies, that's no way to be a champion for private enterprise in this company. jack ma of alibaba doesn't need president trump to be his chief salesman and honda doesn't need president trump to be their champion he should be championing u.s. businesses that are making tough decisions to compete globally. that's what's happening here gm has pulled out of india and cut back in very difficult markets around the world they

lordstown is in his district. spoke with mary barra yesterday on the phone. obviously, you're not pleased at all with what is happening. and you say she was receptive. that's your word. what does receptive mean for the nearly 1,500 people in your district who will be without work in march? >> well, let's be clear, there were no promises made or any kind of innuendos that something was going to happen. there's a union contract that's moving forward in the next few months. that's going to have a lot to do with where the next products go. but we were talking about the future. i don't want this plant to lay there idle. they look lathey're making thei advancement in future cars. this has been a legacy plant since 1966. our community is tied with the general motors plant there, and we want their future to be in lordstown, ohio. >> i spent a good amount of time there, talked to the workers, reported around that plant. i get it. it is the lifeblood of that community in many respects. you tweeted last night that a path for

high standard of work ethic, training and experience, that is in the dna of the people there at lordstownutside of youngstown. i'm very disappointed in gm's response to this i understand they have got, they have got market issues. they have got a product there that is manufactured in lordsdown no longer has consumer confidence. nobody wants to buy it. boy, gm is making a very, very flawed decision i believe in overlooking the value of that very, very capable, strong workforce that occurs there in youngstown. charles: if you had the opportunity to speak with gm ceo mary barra, what would be the compromise solution? >> well the compromise solution find a product to put in there. these people have been building automobiles since 1966. for the last 52 plus years, they turned out high-quality gm products. so they know how to do it. why would you throw that workforce away? gm is going to build automobiles somewhere. why not build it with people that know how to turn out a quality product? find another product to put a put in there. that is what i would tell gm to do. charles: there are worried

also you see said to as yet unnamed plants outside north america by the end of twenty nine teen lordstown ohio workers despaired not just for those being laid off but for the whole community for every one of our jobs they you know i've heard around seven jobs on the outside are. obviously impacted so you know not only not only the folks that are working in. the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sedans are down a sales of s.u.v.s and trucks grew the company also says it will focus more on autonomous and electric vehicles it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood wi

the closers will happen in places where president trump won in 2016, w places liren, michigan, and lordstown, two counties he won after president obama won them twice. it is swing territory, and if president trump promis would bring back the car jobs and was not able to do it, those voters might take it out on him in 2020. jane: you say "might." is there any evidence that the supporters will be persuaded by this, because they have not been over tariffs. reid: they haven't yet. there is pretty strong evence based on the midterm elections that suburban voters in a lot of these key states where republicans lost u.s. house seats have turned against president trump. his disapproval rating is 60% now. itot hasit that mark for more than a year. this is a president who begins his reelection fight in a tenuous position. let's not forget that he won a couple of key states -- pennsylvania, wisconsin, and ohio -- by 70,000 votes. jane: very briefly, on climatell rtange as he says he does not believe a rey his own administration that points to very serious economic impact. this is a bit of a pattern. he

lordstown was in many ways an iconic symbol of gm.e plant. 6 million square feet and, of course, it had been, you know, there were fewer and fewer jobs there over the years, and finally was down to, i think, just a couple thousand jobs. symbolic importance for the state of ohio, of the closing of the lordstown plant is huge. and it's something that better not escape president trump's notice. this is a very bad thing for him politically in ohio. >> first and foremost, it's devastating for these families. 14,000 to 15,000 families are going to have to wonder about their future right now and that can't get lost in this conversation. secondarily the context is important. people aren't buying these cars in the way gm thought they would be. gm had to make a free market decision about what to do about that. that's where you have a question what the government should do. first and foremost will the government come in and help these people out whether its through unemployment insurance or measured tax to get them on their feet again. we showed

factories like this one in lordstown ohio were part of donald trump's plan to revive america's rusting industrial base. but now it and four other factories general motors plans to shutter won't be making anyone great again. since the announcement trump hasn't minced words when it came to g.m. taking to twitter he threatened to cut government subsidies for g.m. including support for their electric car program. and g.m. does benefit from a tax credit for electric car manufacturers but it's already due to expire in the coming months and it's unclear what other subsidies if any could plan on cutting. despite the presidential pressure g.m. isn't backing down industry experts expect car sales to slump in the coming years and the automotive giant says the closings are part of its plan to adapt to changing consumer demand. will drop its plan to phase out nuclear power twenty twenty five in the referendum on saturday a clear majority voted to keep using nuclear energy while the new renewable sources are being developed nuclear energy is known to create less evolution a key concern in the refere

. >> general motors chose its words carefully not saying they were closing the lordstown plant but they were not allocating product to the plant after march. >> trevor: thank god. i thought they were shutting down the plant. i wish i could use that language when i break up with someone. i'm not ending the relationship. i'm just not allocating any love for you after march. ( laughter ) basically, i'm relocate might go peen tois other locations. ( laughter ) that's right, g.m. is killing off six of their cars, like the chevy volt, the electric car that tells everyone, "the line at the tesla store was too long so i just said (bleep) it." or the chevy impala which looks a sports car made love to a station wagon and neither of them was satisfied. and of course the cadillac xts. it's as close as you can get to riding in a hearse without being dead. look at that thing. but honestly, the one car, the one car i'll be glad to never see again is the chevy cruze because every time i represent a car i somehow always end up with a chevy cruze. they trick you. they say, "bmw or similar." and when i ge

also you see said to as yet unnamed plants outside north america by the end of twenty nineteen in lordstown ohio workers despaired not just for those being laid off but for the whole community for every one of our jobs they you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working in. and the parts supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit downs are down as sales of s.u.v.s and trucks grow the company also says it will focus more on autonomous and electric vehicles it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrific

also you see said to as yet unnamed plants outside north america by the end of twenty nineteen in lordstown ohio workers despaired not just for those being laid off but for the whole community for every one of our jobs they you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working. in the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit downs are down as sales of s.u.v.s and trucks grow the company also says it will focus more on autonomous and electric vehicles it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices st

lordstown story. those reporters, not enemies of the people, these reporters who care about their community, don't make a lot of money are willing to comfort the afflicted, not millimeters enemies of the -- not enemies of the people. they understood what the job losses would mean not just to the workers but to the community. while people's lives were being upended in the community while parents were having painful conversations around kitchen tables, local businesses were nervously looking at their balance sheets. you know what happened? wall street traders were celebrating. as the announcement of workers happened, the stock prices went up. wall street and their cronies in washington don't value workers and they don't understand the dignity of work. they don't look at workers as vital to a company's success. they view the american worker as nothing more than a cost to be minimized. and they reward companies -- wall street rewards companies when they lay off workers. they reward companies when the work

will also see said to as yet unnamed plants outside north america by the end of twenty nineteen in lordstown ohio workers despaired not just for those being laid off but for the whole community for every one of our jobs they you know i've heard around seven jobs on the outside are. obviously impacted show you know not only not only the folks that are working in. the part supplying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit downs are down a sales of s.u.v.s and trucks grow the company also says it will focus more on autonomous and electric vehicles it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood wi

than 6,000 factory jobs as it stops production in five facilities in 2019 including the plant in lordstown, ohio. >> i felt like som kodyicked me in the stomach. i've been working here a long time. >> at the ontario factory in canada which will s more than 2,000 jobs eliminated. >> this wilbe devastating for our community. >> reporter: the chairman and ceo said in a statement, quote, thearctions w taking today continue our transformation to be highly agile, resilient anda prof while giving us the flexibility to invest in the future. >> argument will be i have to do what's best for my shareholders and my company. >> reporter: t first major steps not without some pain as they shift their focus to the future. nbc news.> ive u.s. plants are impacted including operations in white >>rsh. packed malls and lots of shoppers. you saw lots of shoppers if you were there,ut you may not have seen the thieves. >> reporter: they've been indeed busy already. among cases they've handled is four women from our area almost got away with thousands of dollars worth of merchandise. some troubling as foekts. this

liz: mayor arno hill o -- much lordstown, ohio. we have a new show premiering on fox business.ere is a sneak peek with former stress require secretary larry summers. he said president trump is right about china. >> we in the united states need to be very clear. we are entitled and we are right, to reject chinese cheating. chinese violation of the rules, rules that don't cover up fair practices. we are right when we are against that. liz: the full interview will air tomorrow night right here on the fox business network. coming up, remember when facebook mark zuckerberg told congress facebook does not sell your data? well, not so fast. we'll detail for you your fastball. facebook was all about selling access to your data. the u.s. scouring through facebook's internal documents it seized last week. life expectancy for americans falling at a rate not seen in 100 years. that's back when there was world war i and a flu pandemic. president trump is fighting to help rural america where the health crisis is the worst. over 100 years ago, we were talking about the model t. now here we ar

talking about a plant in ontario where the impala is made detroit where the impala, the lacrosse and lordstowne chevy cruze is manufactured in addition, general motors will be closed down two plants, baltimore operations center as well as a warren transmission plant. those are the propulsion facilities that will be shut down they're cutting capital expenditures by $1.5 billion this will mean 15% fewer employees. what does this mean in terms of charges? the company will take between $3 billion and $3.8 billion in charges. most to be taken in the fourth quarter and in the first quarter. those will be non-cash charge fwlus will be some cash charges involved as well when you look at general motors in terms of why it's making this move, we've talked about this for some time. nobody is bauying cars anymore there's been a huge dropoff and these plants are affected. crossovers make up 45% of the company's sales, 31% are cars, that's down drama altically. pickups and suvs continue to grow we have shares of general motors halted as the company saying that it will be closing down these plants, though tec

lordstown is in the youngstown area.tween youngstown in pittsburgh and i can crush when still companies went away in the 70's and 80's. i think it is pretty hypocritical for gm to ask taxpayers for money and do this. i hope as soon as possible, trump gets to youngstown, looks these workers in the eye and says he will fight like hell for their jobs and take the plane to detroit and meets with executives of gm to put it -- apply pressure. josh, thank you for talking is through bitcoin and gm in this difficult context. coming up, we stick with autos. we had to the l.a. auto show to get one top executive's take on the abrupt exit of an official. this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. nancy pelosi clear the first hurdle by winning democrats nominations today. her detractors have one less opportunity to attempt a block on the entire chamber votes in january. 203 to nominate pelosi. the number a short of the 218 votes she eventually needs to prevail on the house floor january 3 if all me

the kreismt off every -- ceo ta the lordstown plant.here still could be room for that plant to come back, but the fact of the matter is, cars and trucks are being sold and purchased less and less across the world as folks shift to autonomous vehicles and ridesharing. applications for driver's licenses are way down. this is not just a trend in america, but a global trend. >> you're absolutely right, but it does go to the heart of the president's promises and claims about manufacturing, and the ability to bring back this kind of manufacturing back to the u.s. i wonder what he thinking. >> just on win point on that, this is 2017, since being in office, added about 500,000 manufacturing jobs to the economy. the economy continues to grow despite closures like this. there are roughly 7 million unfilled jobs in america right now, that are trying to match up skill sets with openings and workers. the unemployment is at all-time record lows. the economy is booming here, unfortunately not for those workers in the valley. >> you're right, the econo

there about no factories being closed mary barra karen ewarned over t summer, specifically about lordstownand others were brought into it when they had to shut down the second shift forever, at least for now. now also the first shift she explained in retrofitting to different vehicles -- there's been a huge tran fsformation i don't know who still drives a sedan. i do, it's an american-made sedan. but my wife and the rest of the world loves to drive these suvs and crossovers that's where the business has gone and this plant can't handle that she warned people. she is not trying to create a problem. you can look at the president's attack on her or gm or on ken frazier of merck or on harley davidson, or nordstroms or nike or amazon and trying to whip up a frenzy for the non-u.s. competitors like alibaba or honda, that's not what we need to be a champion of american free enterprise. we have to work with the companies in difficult situations they have >> jeffrey, before we let you go, i want to ask you to opine yesterday's headlines, powell blinks do you think jerome powell, do you think he bli

everybody understands that in a place like lordstown that plant, for every job -- for every gm employeeking there there's something like five, six, seven jobs created in that -- in sustaining that local economy. everyone who's talked about this since the announcement that's local has admitted that this will be just devastating. so president trump is very politically intuitive, and he knows this is an incredible potential hit politically to him in ohio in 2020, particularly because of all his promises that he made in that area, in youngstown, around that area, he has spoken to those very people and said we're going to fill these factories back up and if not we're going to knock them down and build new ones. and so this is a huge challenge, though, by trying to retaliate against gm. i don't know -- first of all, he can't take away those tax credits for fully electric cars without the congress. maybe he's gotten on the phone with them today. he said we're bringing a lot of pressure. but the idea that -- what he always likes to do is tell his voters that he can control everything. i alone c

you look at the factories they are closing in ohio, lordstown factory a few years ago was running onpumping out chevy cruze, the car that would compete against the toyota corolla. sales have plummeted on that vehicle down to one shift which really isn't sustainable. for them it was a business decision that they are getting out of small cars in the u.s. susan: yeah, because the economy is slowing down, people are not buying small cars anymore, cody. >> well, they are, but they weren't buying general motors small cars. that's something that's happened over the last two decades. they really haven't been competitive in the sedan segment in a long time. that's a segment that's been dominated by honda, toyota. frankly, they are committed to that segment moving forward, but there's no question that we have seen the sales market turned on its head a little bit with 70% light truck sales and suvs and 30% small cars. so it's a very tough segment to compete in. susan: it is. i would push back a little bit, because i don't think small cars are selling. they only make up less than 30% of the mark

people thought that line should go to the very plant that president trump was talking about, the lordstown plant in ohio you know, gm has not been forthcoming about what models they're going to launch, for obvious competitive reasons, but as soon as they do there's going to be a fight about this what president trump does in this fight in a sustained way, it's not about what you say in 30 seconds in front of a camera, but what he does in a sustained way is going to matter but there is a deeper issue here among the plants that are being closed are plants -- the one not very far from where i am in maryland are plants that make drive trains and they make transmissions and they make drive trains for electric vehicles that's the future of the auto industry if that gets moved offshore you're talking about a strategic catastrophe from the perspective of the u.s. economy and u.s. auto industry. the trump administration has done everything it can to discourage the manufacture of alternative technology vehicles in this country. the very thing president trump is talking about, the attack on the cafÉ s

about ohio, this is what's called a segue, trumbull county which trump won and flipped where the lordstownust closed, things like that make a real difference. trump's inability to build out the base which we've seen day after day, this election on the house level crystallized the head winds that republicans -- >> let me head to that. number one, the gallup approval poll showing the president's disapproval number at 60%, which is higher than it's of been. >> up 10% since last month. >> it's a big deal. the approval is right around where it's always been, but for some reason after the election more people coming up and saying they disapprove of the president. it's not because of the gm news, i want to make that clear, but it came out the same day as the gm news did. i think this is incredibly dangerous potentially for the president. what's happening in manufacturing, in the auto industry, it's happening for a lot of reasons having to do with electric cars and automation and people not driving small cars anymore, but the president promised ohio, he promised michigan, he promised the rust belt

out his displeasure saying "i am deeply frustrated with gm's decision to shut down its plants in lordstownisappointed with how the hardworking employees have been treated throughout this process." the auto workers union that represents auto workers at gm u.s. factory says that the uaw and the members will confront the decision through every legal contractual and collective bargaining avenue. as for gm stock, it has had the best rally in a month, saving the company over $4 billion over the next two years, cash that gm needs as u.s. car sales fell for the first time in seven years last year and a forecast to shrink again this year. in the meantime, gm cars are not selling, americans are spending online, cyber monday is expected to break records in 2018 with 18% more being bought online at the sales forecast coming in at $8 billion. bret, back to you. >> bret: susan, thank you. peter theresa may met with her cabinet and spoke to lawmakers today to push for segments of the separation agreement, agreeing with the european union, and the deal needs to be approved by parliament first, but scores

in lordstown from three to one shift and people's livelihoods. >> the value of the homes. >> try to sell a house. the job's gone and need to move and sell your house and everybody else is selling their house. >> what is mary barra's job then? to support the cities or optimize the company? >> arguably these blue collar workers who built cars for the last 100 years have been supporting their cities, their companies, they have helped to build america and there's some degree of obligation that we have to these workers who built our country. >> but then the question is, when does that obligation become a priority for those ceos? we have been on countless analyst coulds. when those companies report earnings and the analysts are asking about customers, on behalf of shareholders. they're not talking about the towns those factories are located in. >> we have got more open jobs than we have workers. what we never do ahead of time is think about how to retrain them. right? what if everybody that got a pink slip today, they didn't get a pink slip but a plan. >> retraining program. >> what that will

how do you think the president responds to this, especially how it is playing at the lordstown plant,aw say they'll challenge through every legal, contractual, collective bargaining avenue open to membership do they have a shot? >> i don't think so because when this contract runs out, general motors is free to close plants and i think that's brave talk on the part of the uaw, they've got to show their members they're out there fighting for them, but in reality i'm convinced the uaw realizes just like everybody else that if there's no demand for a certain car, no demand for that plant, the plant closes down because you can't have workers show up every day and get paid and not produce anything that's just economic reality and the union knows it >> the more things change. bob lutz thanks for being with us >> thank you bye-bye. >> we got that halt on gm earlier this morning and now a halt on campbell's david faber is here with that. >> it is news we have been reporting on, not sure if campbell has been unhalted yet, ready to trade, it is in agreement, they have been waging a proxy fight i

. >> we have the mayor of lordstown on next hour. we'll put the president's comments straight to him. david, i want to pivot to climate change. here's part of the exchange. >> you have to look at the fact that this report is based on the most extreme model scenario, which contradicts long-established trends. modelling the climate extremely complicated science that is never exact. the biggest thing we can do is make sure we have the cleanest air, cleanest water and the president is certainly doing that and leaning on that front. >> on this climate report, david, fact -- the report four years in the making involved 300 leading climate change scientists and 13 federal agencies. that is the president's own federal government. fact -- it is false of anyone to suggest the report was only based on extreme scenarios. it was based on both best and worst-case scenarios. also the white house suggests it's never an exact science -- fact, scientists say if anything climate models have historically underpredicted the climate change on ice melt and

one in lordstown, ohio outside of youngstown, and then a plant in the city of detroit.nts each have between 1300 and 2200 workers, and while general motors is saying officially they're not closing these plants, they're unallocating future models there. it basically means they're not bidding any vehicles by the end of 2019. they're doing this because you are looking at plants where they primarily build sedans, small cars that are not selling anymore. you've got plants that are under used. they're wasteful plants even though they employ workers. as a result, general motors is saying we're going to get rid of these plants and consolidate. that's not good news for workers in those cities. >> phil, thank you for helping us break it down. >>> rising tension. the u.n. security counsel meeting to talk about the bold and aggressive move in ukraine just wrapped up moments ago. that emergency meeting happening days before president trump's sit-down with vladimir putin. we'll dig into that and take a look at the shocking new report on climate change released over the thanksgiving h

. >> i had students -- i know people who worked at the lordstown plant, which has now been shut down,t off of 422 in ohio. a lot of regular people, they blame gm. they blame china. they agree with the president. even as they are suffering, they believed in the grand scheme of things this is the president standing up to china and this is gm screwing us over again and we finally have a president who is fighting on our behalf. that may not make sense logically. but i'm telling you there are people out there who believe it. >> except he's not fighting on their bav. the president didn't put anything in place when he gave, for example, the extraordinary tax cuts that said we're going to get these tax cuts but you need to do x, y and z. >> the president, depending on -- >> -- you look at the language, many manufacturing companies are more incentivized. >> companies brought back a trillion in stock. >> that's great for shareholders. >> did not go into wages. it's not gone into capital expenditures which was part of the incentive program that was written into the tax code. he's not helped the