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Mar 21, 2019
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the automaker's factory closed earlier this month and the town of lordstown is feeling the impact. here'srank. >> reporter: outside of this now closed factory where general motors made the chevy cruze, a shrine of hope left by some of the thousands of workers who made their living here. >> you just don't replacehese jobs. >> reporter: ryan mccabe, a husband and father of six w id off from the lordstown, la ohio, after 19 years. >> your family has worked at general motors, youras family retired from general motors, and you're the last one there. then all of a sudden it's all gone. >> rorter: gm closing this factory as it focuses more on trucks and suv sales of the cruze sedan falling by almost half over the past five years. mccabe took these pictures of thele last oning the assembly line. now he and thousands of other or jobs are searching at other gm factories. >> when general motors a mary barra tells us there's all these opportunities for us to transfer, it comes aoss aso cold and calculated because i know they have kids, i know they have families. how would they react in the sam
the automaker's factory closed earlier this month and the town of lordstown is feeling the impact. here'srank. >> reporter: outside of this now closed factory where general motors made the chevy cruze, a shrine of hope left by some of the thousands of workers who made their living here. >> you just don't replacehese jobs. >> reporter: ryan mccabe, a husband and father of six w id off from the lordstown, la ohio, after 19 years. >> your family has worked at general...
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Mar 18, 2019
03/19
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FBC
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just spoke to mary barra, ceo of general motors, about the lordstown, ohio plant.d her to sell it or do something quickly. she blamed the uaw union. i don't care. i just want it open. general motors responding with, quote, we remain open to talking with all the affected stakeholders but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities. here now, wall street journal tech and auto reporter tim
just spoke to mary barra, ceo of general motors, about the lordstown, ohio plant.d her to sell it or do something quickly. she blamed the uaw union. i don't care. i just want it open. general motors responding with, quote, we remain open to talking with all the affected stakeholders but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities. here now, wall street journal tech and auto reporter tim
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Mar 23, 2019
03/19
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recently tweeting just spoke to mary barra, ceo of general motors, about the lordstown, ohio, plant. am not happy that it is closed when everything else in our country is boomin i asked her to sell it or do something quickly. she blamed the uaw union. i don't care, i just wantifst w open. >> you're all focused on that relationship. he has an agenda, it's about job creation. i very much wanting the company to con to grow, continue to invest in the united states. we are committed. >> reporter: ultimately gm wants more efficient plants, something it struggled to do compared to ford and fiat chrysler. that means gm having fewer plants, being mor productive but more profitable. for gm workers at the lake orion plant, today's news is welcome. >> that's exciting. we had some doom and gloom there for a while, didn't know what was happening with our plant. >> i think it's a blessing. i thank god that we have it. it's been looking pretty gloome for utomotive companies, so we need this big time. >> reporter: with the uaw hintract expiring fall, gm's decision to end production in lordstown ohio
recently tweeting just spoke to mary barra, ceo of general motors, about the lordstown, ohio, plant. am not happy that it is closed when everything else in our country is boomin i asked her to sell it or do something quickly. she blamed the uaw union. i don't care, i just wantifst w open. >> you're all focused on that relationship. he has an agenda, it's about job creation. i very much wanting the company to con to grow, continue to invest in the united states. we are committed. >>...
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Mar 21, 2019
03/19
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this is the uaw plant as well as that plant in lordstown. the president said when it comes to the leadership of uaw, he has no use for them. he want to talk to the rank and file. >> i want to deal with the people in the union, not the heads of the union. [ cheering and applause ] >> because the heads of the union are not honest people and they ought to lower your dues by the way, they ought to stop with the dues, you're paying too much dues. they could have kept general motors n n., they could have ket and the gorgeous plant in lordstown. lower your dues. >> reporter: you can't always get what you want, from the rolling stones, president trump gave the folks here at the tank plant quite a bit of what they want. jeff flock in lima, ohio. cheryl: all right. lauren: not lima. cheryl: well, president trump making it clear that u.s. tariffs on $250 billion of chinese exports will remain in place for now. >> we're not talking about removing them. we're talking about leaving them and -- for a substantial period of time because we have to make sure
this is the uaw plant as well as that plant in lordstown. the president said when it comes to the leadership of uaw, he has no use for them. he want to talk to the rank and file. >> i want to deal with the people in the union, not the heads of the union. [ cheering and applause ] >> because the heads of the union are not honest people and they ought to lower your dues by the way, they ought to stop with the dues, you're paying too much dues. they could have kept general motors n n.,...
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lordstown here to keep these families here the last chevy cruze rules off the production line waiting as the wing its demise in part to a fall in demand for smaller cars g.m. says many workers have accepted jobs at plant elsewhere scant consolation for the rest of this tightly knit community i have faith that lordstown can rise again i have faith that we will come through for us that that family will matter and our community will matter and that they will they will get us a product without the savior large time becomes the first of five plants across north america to bear the brunt of systemic changes in the global car market. and over to asia where china says it will change a key policy to ease foreign investment in the country beijing will no longer force foreign companies to give up technology secrets in exchange for market access according to a top economic official complaints that beijing demands the disclosure of intellectual property for foreign investors have been at the heart of the u.s. china trade dispute the chinese provisions designed to clarify investment rules are expec
lordstown here to keep these families here the last chevy cruze rules off the production line waiting as the wing its demise in part to a fall in demand for smaller cars g.m. says many workers have accepted jobs at plant elsewhere scant consolation for the rest of this tightly knit community i have faith that lordstown can rise again i have faith that we will come through for us that that family will matter and our community will matter and that they will they will get us a product without the...
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Mar 7, 2019
03/19
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. >> today is the last day for workers at the general motors plant in lordstown. >> what's going to happent? what am i going to do? i don't know. >> "jeopardy!" host alex trebek has announced that he has stage- four pancreatic cancer. >> i'm going to fight this. keep the faith, and we'll win. >> glor: and stories of survival from the alabama tornado. >> we got god on our sid >> glor: good evening. i'm jeff glor. and this is our western edition. we are going to begin tonight with late news from chicago. r. kelly was taken into custody today. this was for failing to pay child support, but it comes after gayle king's interview, which we began showing you last night. in it, r. kelly denied all accusations that he faces. he has been charged with sexually abusing four women, three of them underage at the time. we have more of that interview tonight, including gayle's conversation with two women living with r. kelly, and gayle will join us here in studio. but first, jericka duncan is in chicago. >> anything you want people to know about your accusers? >> reporter: r. kelly was taken into custody
. >> today is the last day for workers at the general motors plant in lordstown. >> what's going to happent? what am i going to do? i don't know. >> "jeopardy!" host alex trebek has announced that he has stage- four pancreatic cancer. >> i'm going to fight this. keep the faith, and we'll win. >> glor: and stories of survival from the alabama tornado. >> we got god on our sid >> glor: good evening. i'm jeff glor. and this is our western...
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Mar 23, 2019
03/19
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why didn't you move that new vehicle to lordstown? >> we look at where does it make sense because of the common base from an architecture perspective. and that made sense to build that vehicle here. >> reporter: barra says she wants all the 1,400 lordstown workers who used to build the chevy cruze to stay with gm, positioning gm for the future and not looking back. anne thompson, nbc news, orion township, michigan. >>> a lot more still ahead on a very busy night. the murder of a young woman unsolved for decades and the remarkable steps her family has taken to try and find her killer. >>> also, it was designed to save lives. now some teachers say their active shooter drill was just too realistic. stay with us. >>> in recent years roughly 40% of homicides in this country have gone unsolved according to the fbi. th, the 1996 murder of a young college student, is now back on the to wo the sign above baltimore's pulaski highway is hard to miss. "find my killer." the face belongs to jenny's identical twin jody. >> we were inseparable. from
why didn't you move that new vehicle to lordstown? >> we look at where does it make sense because of the common base from an architecture perspective. and that made sense to build that vehicle here. >> reporter: barra says she wants all the 1,400 lordstown workers who used to build the chevy cruze to stay with gm, positioning gm for the future and not looking back. anne thompson, nbc news, orion township, michigan. >>> a lot more still ahead on a very busy night. the murder...
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Mar 21, 2019
03/19
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telling people in ohio, don't sell your house, and now you know some of those plants, specifically in lordstown, are closing. is this a good strategy for democrats to go in, or does the president have these voters on lock? >> look, you never want to take any voters for granted, meaning you don't want to write them off and say we don't need them, especially in competitive states. wisconsin, pennsylvania, michigan, these are competitive states. it's a competitive part of the country. and if you look at how 2016 finished, what the president accomplished was pretty remarkable. no republican had won those states in about 30, 40 years, but they were very narrowly
telling people in ohio, don't sell your house, and now you know some of those plants, specifically in lordstown, are closing. is this a good strategy for democrats to go in, or does the president have these voters on lock? >> look, you never want to take any voters for granted, meaning you don't want to write them off and say we don't need them, especially in competitive states. wisconsin, pennsylvania, michigan, these are competitive states. it's a competitive part of the country. and if...
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Mar 22, 2019
03/19
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want everything remember of the lordstown, every member of the lordstown team to stay part of the gm family and we have already been able to successfully move about 500 of those employees to some of our other locations. we will continue to work with each and every one of those employees in hopes that they take one of the jobs we have a across the country, some even in ohio. i think there is more immediate term opportunities for all of those employees. david: as i understand, you have worked with the u.a.w. as well as michigan to develop this plan. you have labor negotiations coming up with the u.a.w. how does this fit with the upcoming negotiations with the u.a.w.? mary: i think one of the -- we're always aligned on creating jobs with the u.a.w. so being able to announce that we will create 400 jobs especially with a vehicle that will be a strong part of our future, i think it is a very positive thing for our workforce and something that will be noted as we go into those conversations. david: we talked before about the larger platform electric vehicle. i understand that this will be
want everything remember of the lordstown, every member of the lordstown team to stay part of the gm family and we have already been able to successfully move about 500 of those employees to some of our other locations. we will continue to work with each and every one of those employees in hopes that they take one of the jobs we have a across the country, some even in ohio. i think there is more immediate term opportunities for all of those employees. david: as i understand, you have worked...
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Mar 22, 2019
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why didn't you move that new hi e to lordstown? >> we look at where does it make sense because of the common base from an architecture perspective. and that made sense to build that vehicle here.ar >> reporter: says she wants all the 1,400 lordstown workers whused to build the uz chevy to stay with gm, positioning gm for the future and not looking back.bc anne thompson,ews, orion township, michigan. >>> a lot more still ahead on a very busy night. the murder of a young woman unsolved for decades and the remarkable steps her family has taken to try and find her killer. >>> also, it was designed to save lives now some teachers say their active shooter drill was just too realistic. stay with us. than rheumatoid arthritis. before you and your rheumatologist move to another treatment, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower
why didn't you move that new hi e to lordstown? >> we look at where does it make sense because of the common base from an architecture perspective. and that made sense to build that vehicle here.ar >> reporter: says she wants all the 1,400 lordstown workers whused to build the uz chevy to stay with gm, positioning gm for the future and not looking back.bc anne thompson,ews, orion township, michigan. >>> a lot more still ahead on a very busy night. the murder of a young...
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Mar 18, 2019
03/19
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lordstown ohio, sell the company.ack to the u.s., so is everyone else. we now have the best economy in the world. get that big beautiful plant in ohio open now. bring jobs home. ohio's a huge state for the president in the 2020 election year. if he goes into that campaign, it could give a democratic challenger an opening. kelly anne conway expressing an urgency to do something to save jobs. listen here. >> he wants them to come to the table before that. the urgency the president feels is that he wants the auto companies to continue to stay here and return here because he knows that that is a bedrock part of the u.s. economy and continues to be. so when you tell a business manon politician we're gonna meet seven months from now, hi thinks the meeting should happen sometime faster. >> reporter: the president is going to ohio, to lima, a plant that produces the abrams tank. while that's defense planning, that is still where autoworkers are employed. the lordstown plant didn't have anything to do with the tariffs the pres
lordstown ohio, sell the company.ack to the u.s., so is everyone else. we now have the best economy in the world. get that big beautiful plant in ohio open now. bring jobs home. ohio's a huge state for the president in the 2020 election year. if he goes into that campaign, it could give a democratic challenger an opening. kelly anne conway expressing an urgency to do something to save jobs. listen here. >> he wants them to come to the table before that. the urgency the president feels is...
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Mar 6, 2019
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. >>> is this the end of the line for the general motors plant in lordstown, ohio?heir last chevy cruze before closing their doors on friday. this is one of several plants they've idled leaving thousands of workers without a job. what are the workers there telling you? >> reporter: the first thing i should say, craig, is the fact that the last chevy cruze that will ever be made here in lordstown is somewhere on the assembly line right now. it's due to be finished today. we've already seen pictures of it going down the assembly line. what are workers saying? obviously they're very concerned. 1,400 people about to lose their jobs. many of them can transfer to other locations. they've built middle class lives in middle class communities in and around the lordstown area. they don't see anything coming down the road right now. >> this means a lot to me. this is my livelihood. and everybody else here in the community. i mean, you know, for them to leave us unallocated. restaurant owners, shops, you know, it's going to affect a lot of people. >> reporter: we've been talkin
. >>> is this the end of the line for the general motors plant in lordstown, ohio?heir last chevy cruze before closing their doors on friday. this is one of several plants they've idled leaving thousands of workers without a job. what are the workers there telling you? >> reporter: the first thing i should say, craig, is the fact that the last chevy cruze that will ever be made here in lordstown is somewhere on the assembly line right now. it's due to be finished today. we've...
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Mar 6, 2019
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but in lordstown, ohio, a general motors plant is closing. we'll take you there live.you're watching "velshi & ruhle." ♪ i can really move ♪ ♪ do you love me? ♪ i'm in the groove ♪ now do you love me? ♪ do you love me ♪ now that i can dance? ♪ watch me now! ♪ work, work, ah work it out baby ♪ applebee's 3 course meal starting at $11.99. now that's eatin' good in the neighborhood. their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company now or visit aarpmedicaresupplement.com
but in lordstown, ohio, a general motors plant is closing. we'll take you there live.you're watching "velshi & ruhle." ♪ i can really move ♪ ♪ do you love me? ♪ i'm in the groove ♪ now do you love me? ♪ do you love me ♪ now that i can dance? ♪ watch me now! ♪ work, work, ah work it out baby ♪ applebee's 3 course meal starting at $11.99. now that's eatin' good in the neighborhood. their medicare options... before they're on medicare. come on in. you're turning...
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Mar 20, 2019
03/19
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tell us why this is very much a tale of two factory towns, lordstown and lima.president trying to espouse that there is a political policy victory of sorts on the manufacturing level, but that said, just across the state in lordstown, ohio, general motors has decided to close down its plant. yesterday i spoke with dave green, a democrat and leader of the united auto workers union in that particular plant. he said he is encouraging president trump to take a drive through to see the thousands of workers that have been laid off their. the bottom line, as you alluded to, is this is battleground zero for the trade policy debate internationally that is playing out in the key political battleground state. the president later this afternoon anticipated to make those remarks following his tweets against general motors and its ceo and union leaders there as well. ohio is no question that is truly very much a part of the president's political coalition. i can tell you i've heard from staffers of several 2020 presidential candidates already planning stops to lordstown as a
tell us why this is very much a tale of two factory towns, lordstown and lima.president trying to espouse that there is a political policy victory of sorts on the manufacturing level, but that said, just across the state in lordstown, ohio, general motors has decided to close down its plant. yesterday i spoke with dave green, a democrat and leader of the united auto workers union in that particular plant. he said he is encouraging president trump to take a drive through to see the thousands of...
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Mar 18, 2019
03/19
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why wait, start them now i want jobs to stay in the usa and want lordstown, ohio, in one of the best history opened or sold to a company who will open it up fast the mayor of lordstown, joins us on the phone thanks for phoning in. mr. mayor. tell us about lordstown, ohio, and how important the gm plant is >> well, gm has been here for about 53 years and after 42 years ago, gm has been one of our pain stays provides -- one time had 12,000 jobs and down to 4500, down to 3,000, down to 14,050 or 1450. it's devastating it's going across the whole valley, not just lordstown, a key employer for many years. >> mr. mayor, who do you plame for this, as you say, devastating news for your town >> i blame the economy i mean, people aren't buying small cars this is probably the best, the chevy cruze is probably the best product they've put in the lordstown facility, quality, good money but with the cheap gas price, people are going to suvs, crossovers and pickup trucks and this wasn't what is selling and ford and fiat chrysler and all the other companies, they're being hit the same way so i'd hav
why wait, start them now i want jobs to stay in the usa and want lordstown, ohio, in one of the best history opened or sold to a company who will open it up fast the mayor of lordstown, joins us on the phone thanks for phoning in. mr. mayor. tell us about lordstown, ohio, and how important the gm plant is >> well, gm has been here for about 53 years and after 42 years ago, gm has been one of our pain stays provides -- one time had 12,000 jobs and down to 4500, down to 3,000, down to...
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Mar 18, 2019
03/19
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it's all over a plant that gm has closed in lordstown, ohio.k boxes from the ethiopian air crash show similarities with the lion air crash in october. this as the feds now probe the approval process for the boeing max jet. boeing is down this morning, dragging the dow along with it. >>> get this. beto o'rourke raising more than $6 million within 24 hours after
it's all over a plant that gm has closed in lordstown, ohio.k boxes from the ethiopian air crash show similarities with the lion air crash in october. this as the feds now probe the approval process for the boeing max jet. boeing is down this morning, dragging the dow along with it. >>> get this. beto o'rourke raising more than $6 million within 24 hours after
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Mar 18, 2019
03/19
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elevated and in lordstown in particular, i mean, this plant -- this town is built around the gm planty a devastating local story. but in the broader picture, you know, this is part of the five north american plants that gm is closing. americans are choosing suvs over sedans they're pure economics that are behind this decision as well which is part of the story which the president seems to be ignoring. >> yeah. i mean, obviously it is a pure bet on compact cars and probably -- a gesture in the direction of, look, we have done what we were supposed to do to get manufacturing to be more economical here, we did the deal with usmca, which maybe is not going to lead to a catalyst to have plants come back here so -- >> and a lot of discussion about the circular nature of some of the policies his tweet about keeping plants open is something you can arguably see from bernie sanders, elizabeth warren, someone -- >> not very capitalistic but keep in mind, ohio is a key state for him. it was in the last tlekelection it will be in 2020 he's in youngstown, the bigger town close to lordstown, during
elevated and in lordstown in particular, i mean, this plant -- this town is built around the gm planty a devastating local story. but in the broader picture, you know, this is part of the five north american plants that gm is closing. americans are choosing suvs over sedans they're pure economics that are behind this decision as well which is part of the story which the president seems to be ignoring. >> yeah. i mean, obviously it is a pure bet on compact cars and probably -- a gesture in...
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Mar 18, 2019
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. >> john, this lordstown plant is a political problem for the president.their job in america, specifically in ohio, and this rivals the gm plant closing in 2017. >> the jobs in ohio are all coming back. they're coming back. don't move. don't sell your house. >> those jobs coming back, he said, but the bully pulpit of the presidency and the twitter megaphone did not trump the realities of global business. the gas-powered sedan made there, the chevy cruz, wasn't a huge seller in the u.s. gas-powered sedans are less popular right now to trucks and suvs. the future as gm sees it is an expensive thing for the ohio plant closure. it was called right-sizing capacity for the realities of the marketplace. but the presidents of gm make a different statement in lordstown selling the facility. the president casting around for blame, even criticizing the local union president, telling him to get his act together and produce. now, these tactics may seem familiar. think ford, think carrier -- that's the air conditioner and furnace maker -- the president leaned hard on th
. >> john, this lordstown plant is a political problem for the president.their job in america, specifically in ohio, and this rivals the gm plant closing in 2017. >> the jobs in ohio are all coming back. they're coming back. don't move. don't sell your house. >> those jobs coming back, he said, but the bully pulpit of the presidency and the twitter megaphone did not trump the realities of global business. the gas-powered sedan made there, the chevy cruz, wasn't a huge seller...
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Mar 18, 2019
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lordstown has only 3200 people that live there.ebecca, juxtapose this, toyota making huge, 14 billion-dollar commitment. with fiat spending 4 1/2 billion dollars including opening up a brandt new plant in detroit. are you comfortable saying general motors can't do more or could they do more? >> i think general motors is actually doing a lot. they have invested about $20 billion in u.s. manufacturing, in the last 10 years really since the bailout. the industry itself has invested about 100, almost $130 billion. gm is a good percentage of the investment that the auto manufacturers have made in the u.s. charles: do you think they should bring jobs from mexico or other places back to the united states? >> you know i think it is important to remember this is about jobs. this is about preserving jobs this is about doing some painful, painful things that will actually set gm up for sustainable future. so these are some of the decisions. as shah indicated mary barra has made some really hard decisions. that's why they're doing these kinds
lordstown has only 3200 people that live there.ebecca, juxtapose this, toyota making huge, 14 billion-dollar commitment. with fiat spending 4 1/2 billion dollars including opening up a brandt new plant in detroit. are you comfortable saying general motors can't do more or could they do more? >> i think general motors is actually doing a lot. they have invested about $20 billion in u.s. manufacturing, in the last 10 years really since the bailout. the industry itself has invested about...
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Mar 20, 2019
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remember, he wants the general motors lordstown plant reopened. the strategic communications director for trump 2020 is with us. the president is going to lay down the law to general motors. he's going to go right after them. should a president be taking on a private company like that? >> i think it's about the workers and the president has been absolutely clear he's going to fight for american workers. while private business decisions are going to be made and the president has the right to say i disagree with that, i want you to think about these workers, it's something he's going to talk about today. he's actually going to another factory, a tank factory in lima, ohio that is actually benefiting from the president's reinvestment in our military, creating jobs, but i would be shocked if he didn't also talk about the workers over in lordstown. stuart: if it were president obama going after a private company, you and i would be up at arms, wouldn't we? >> i think what we would normally see is a president of either party traditionally when something
remember, he wants the general motors lordstown plant reopened. the strategic communications director for trump 2020 is with us. the president is going to lay down the law to general motors. he's going to go right after them. should a president be taking on a private company like that? >> i think it's about the workers and the president has been absolutely clear he's going to fight for american workers. while private business decisions are going to be made and the president has the right...
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Mar 18, 2019
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the president tweeted that he spoke to mary barra about lordstown and he said he asked her to sell itthat barra blamed the uaw. the tweet was the third time president trump took to twitter to voice his frustrations about gm's plans to cut thousands of jobs and close factories. saturday suggested a new owner could manage the plant but time is of the essence. production at the ohio plant ended earlier this month. and he also criticized the local union president david green telling him to get his act together and produce. green did not respond to a request for comment. gm said sunday its main focus is offering jobs in other plants. and remember the president some months ago had told those workers don't sell your house, i'm going to make sure you keep your job. so this is a political moment for him. >>> global stocks beginning the week a little higher after a good week for u.s. markets. futures are slightly higher. the dow friday up 139 points. for the week, look at this, the dow rose 1.6%, s&p 500 almost 3%, nasdaq up 3.8%. and now the s&p and nasdaq are at the highest since early octobe
the president tweeted that he spoke to mary barra about lordstown and he said he asked her to sell itthat barra blamed the uaw. the tweet was the third time president trump took to twitter to voice his frustrations about gm's plans to cut thousands of jobs and close factories. saturday suggested a new owner could manage the plant but time is of the essence. production at the ohio plant ended earlier this month. and he also criticized the local union president david green telling him to get his...
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Mar 19, 2019
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cnn business spoke to green in lordstown yesterday. >> a lot of people here about reform.me here and told folks don't sell your house, those jobs are coming back. >> through the president said don't sell your house, jobs will come back under trump. green said many gm employees who worked at that lordstown plant frustrated, they say it is not clear what the company means by unallocated plants. >> there are some opportunities to transfer, but not everybody can do that. some people are taking care of an elderly parent or have children with special needs. so they can't just pack up and leave. they are not sure if they should. >> beto o'rourke made an unannounced stop at a young hall near the closed plant. he said workers feel forgotten. >> you see a homemade sign that says bring the gm plant back. to me that speaks of a level of frustration and desperation. a community that has hosted the success of one of the world's biggest corporations that has been left behind by that corporation. >> so this lordstown plant is kind of a political symbol for the president, right? he vowed t
cnn business spoke to green in lordstown yesterday. >> a lot of people here about reform.me here and told folks don't sell your house, those jobs are coming back. >> through the president said don't sell your house, jobs will come back under trump. green said many gm employees who worked at that lordstown plant frustrated, they say it is not clear what the company means by unallocated plants. >> there are some opportunities to transfer, but not everybody can do that. some...
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beto o'rourke was in lordstown.esident's comments there in terms of the g.m. plant there. take a listen to this. i'm sorry. the one thing i wouldn't do is what we just saw the president of the united states do, to add insult to injury, demean those workers, insult the union president at the time that they're losing 14,000 jobs. he's laying the blame at their feet. counter productive and insulting to me. do you hear that from union representatives and workers? >> yeah. it's insulting and not true. g.m. didn't blame the union for this plant shut down. what they blamed was the tariffs that are caused -- >> dana: mary barra told the president the union was the problem. >> g.m. has denied that. maybe but that's not what they're saying publicly. and you know, the tariffs -- you can argue for or against them on trade. there's no question, we have to be honest, the short run, tariffs have hurt. the president wants to argue for his tariffs, he ought to at least acknowledge the short term harm. >> dana: you think you have the
beto o'rourke was in lordstown.esident's comments there in terms of the g.m. plant there. take a listen to this. i'm sorry. the one thing i wouldn't do is what we just saw the president of the united states do, to add insult to injury, demean those workers, insult the union president at the time that they're losing 14,000 jobs. he's laying the blame at their feet. counter productive and insulting to me. do you hear that from union representatives and workers? >> yeah. it's insulting and...
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gm closes plants in lordstown, ohio, after more than half a century.his is the "cbs morning news." than half a century. this is the "cbs morning news." ...sore throat, fever, cough, sinus pressure, chest congestion, headache, nasal congestion, body pain... all in one. did you really need the caps lock? get tough on cold and flu symptoms. mucinex cold and flu all-in-one. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. making wrinkles look lasek rapid wrinkle repair® pair with new retinol oil for 2x the wrinkle fighting power. neutrogena® did you know you can save money by using dish soap to clean grease on more than dishes? try dawn ultra. dawn is fore just dishes. with 3x more grease cleaning power per drop, it tackles tough grease on a variety of surfaces. try dawn ultra. we really pride ourselvesglass, on making it easy to get your windshield fixed. with safelite, you can see exactly when we'll be there. saving you time fo
gm closes plants in lordstown, ohio, after more than half a century.his is the "cbs morning news." than half a century. this is the "cbs morning news." ...sore throat, fever, cough, sinus pressure, chest congestion, headache, nasal congestion, body pain... all in one. did you really need the caps lock? get tough on cold and flu symptoms. mucinex cold and flu all-in-one. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven...
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must still be negotiated with the union, so some workers at gm's lordstown plant are hoping it can stille saved. anne-marie. >> diane king hall at the new york stock exchange. >>> still ahead, milking a rescue, a cow stuck in a ravine gets a lift from the fire brigade. on the fire brigade. rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. making wrinkles look sot .pa to reveal younger looking skin. pair with new retinol oil for 2x the wrinkle fighting power. neutrogena® you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. are confusing quilted northern for robes. they're both cushiony, comforting, and add elegance to your home. but quilted northern is not a robe. >>> protests erupt in sacramento with dozens arrested. >>> oakland teachers strike arrays, but what cost will it be? >>> dozens of cars have been broken in
must still be negotiated with the union, so some workers at gm's lordstown plant are hoping it can stille saved. anne-marie. >> diane king hall at the new york stock exchange. >>> still ahead, milking a rescue, a cow stuck in a ravine gets a lift from the fire brigade. on the fire brigade. rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. making wrinkles look sot .pa to reveal younger looking skin. pair with new...
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. >>> coming up, gm says it's relocating at least 500 workers from its lordstown, ohio plant. after the president insulted the leader. >>> president trump and the brazilian leader will hold a news conference regarding his weekend tweet storm. essential for pine trees, but maybe not for people with rheumatoid arthritis. because there are options. like an "unjection™". xeljanz xr. a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma have happened. as have tears in the stomach or intestines, serious allergic reactions, low blood cell counts, higher liver tests and cholesterol levels. don't start xeljanz xr if you have an infection. your doctor should perform blood tests before and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you've been somewhere fungal infections
. >>> coming up, gm says it's relocating at least 500 workers from its lordstown, ohio plant. after the president insulted the leader. >>> president trump and the brazilian leader will hold a news conference regarding his weekend tweet storm. essential for pine trees, but maybe not for people with rheumatoid arthritis. because there are options. like an "unjection™". xeljanz xr. a once-daily pill for adults with moderate to severe ra for whom methotrexate did not...
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lauren: could you make it in lordstown, ohio? >> i think it could be made everywhere in the u.s. it all depends on if the condition is right. that particular plant has a lot of liabilities, environmental and there's a lot of old machinery. the plant is very old. it definitely has to come with some sort of incentives, whether from ohio or general motors. it's obviously a big liability as it is. lauren: have you spoken to the company or the state? >> well, we have talked to a lot of states. we are talking to eight different states right now and there's a lot of states that has very interesting incentive proposals and interesting buildings with infrastructure so there's many aspects to consider. we hope to make a decision within the next six or eight weeks. lauren: have you spoken with tim ryan, the representative from that area in ohio? >> we have actually talked to quite a few different groups. i don't want to mention anybody specifically. lauren: i'm pressing. >> yeah, you are. you are grilling me but we will talk to a lot of different groups because obviously, it's a very sensit
lauren: could you make it in lordstown, ohio? >> i think it could be made everywhere in the u.s. it all depends on if the condition is right. that particular plant has a lot of liabilities, environmental and there's a lot of old machinery. the plant is very old. it definitely has to come with some sort of incentives, whether from ohio or general motors. it's obviously a big liability as it is. lauren: have you spoken to the company or the state? >> well, we have talked to a lot of...
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will he again turn up the heat on general motors to reopen its lordstown plant? u.s. trade talks with china reportedly in the final stages. key negotiators are expected back in beijing next week. can we get a deal with china that we can trust? the f aa in the spotlight, more questions over its relationship with boeing as we're learning about the frantic scene inside the cockpit of the deadly lion air crash last year. and the teases keep coming from joe biden. how he's now asking rich backers for big bucks so he can go head to head with beto and person east it ibernie.it is wednesdayf march. "fbn: a.m." starts right now. cheryl: here is how your money is moving today at 5:00 a.m. eastern tile. the china chill affecting tuesday's early rally. this morning, seeing optimism on the u.s.-china meeting. the s&p is up 5, nasdaq up 14. over to europe, looks like theresa may is going to write to the e.u. president with a plan to delay brexit beyond march 29th. right now th ftse is slightly higher. now to asia, investors there in wait and see mode overnight as mixed signals on t
will he again turn up the heat on general motors to reopen its lordstown plant? u.s. trade talks with china reportedly in the final stages. key negotiators are expected back in beijing next week. can we get a deal with china that we can trust? the f aa in the spotlight, more questions over its relationship with boeing as we're learning about the frantic scene inside the cockpit of the deadly lion air crash last year. and the teases keep coming from joe biden. how he's now asking rich backers...
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you were talking about people losing jobs at the lordstown plant. there were job losses. you said people were quote starting to wake up. you were referring to the president. what do you think about the fact he would watch that and get your local union number. he would take the time to call you out by name so personally and negatively? >> well, he's the president of the united states. i guess he's kind of been accustom accustomed. i think we can do a lot more here. this area has struggled with job loss and the unemployment rate is extremely high. this is kind of unique to maybe other parts of the country. i just want to make sure he recognizes and understands how important this general motors plant is to the community. >> you have written him two letters about the plant. you reached out to him last summer. you reached out to him before the state of the union. i know he's coming the ohio this week. his rally will be about an hour away from where you're standing. has he responded the you in any way? >> i have not received any kind of response from the
you were talking about people losing jobs at the lordstown plant. there were job losses. you said people were quote starting to wake up. you were referring to the president. what do you think about the fact he would watch that and get your local union number. he would take the time to call you out by name so personally and negatively? >> well, he's the president of the united states. i guess he's kind of been accustom accustomed. i think we can do a lot more here. this area has struggled...
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let's bring in the mayor of lordstown, ohio, thanks for being with us. your town. what are the prospects of something happening like with the president is outlining there, another company buying that plant perhaps? >> our ultimate goal is we would like to have general motors bring product in, they had the best product they could have had in the last 50 years, however people quit buying cars. not just a general motors problem, it is ford and chrysler, everyone wants crossovers and suvs with cheap gas. >> jon: this is the last month that they're going to be building the taurus. the consumer tastes are changing and this chevy cruze they were building there in lordstown just wasn't selling. >> it wasn't selling and we can hope we can get another product. if i tell people analysis the plant is shut down, it'll be much easier to retool when you don't have to work around production. if we are still hoping they bring in another product or if they don't come i can agree with the president wanting to push forward with repurchasing the plant and we like to know and
let's bring in the mayor of lordstown, ohio, thanks for being with us. your town. what are the prospects of something happening like with the president is outlining there, another company buying that plant perhaps? >> our ultimate goal is we would like to have general motors bring product in, they had the best product they could have had in the last 50 years, however people quit buying cars. not just a general motors problem, it is ford and chrysler, everyone wants crossovers and suvs...
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the president, of course, recently attacking general motors for closing a plant in lordstown, ohio.in today reiterating his call for general motors or someone else to reopen it. >> what's going on with general motors? we have the best economy we have ever had. we have the lowest employment unemployment we had in 51 years. soon it will be the record all time. and what's going on with general motors? get that plant open or sell it to somebody and they'll open it. everybody wants it. sell it to somebody or open it yourselves. get it going now. >> all right, the president spending time on this because where lordstown is matters. trumble county voted for trump in 2016. that is the first time that county has voted for a republican since the 1970s. a lot is at stake. "outfront" now, kevin hassett, chairman of the white house council of economic advisers. so the president today having that fund-raiser, only an hour away from lordstown where that general motors factory is closing. i spoke the other day to the uaw union leader, david greene, who president trump of course had personally attack
the president, of course, recently attacking general motors for closing a plant in lordstown, ohio.in today reiterating his call for general motors or someone else to reopen it. >> what's going on with general motors? we have the best economy we have ever had. we have the lowest employment unemployment we had in 51 years. soon it will be the record all time. and what's going on with general motors? get that plant open or sell it to somebody and they'll open it. everybody wants it. sell it...
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lordstown is a great area. i guess i like it because i won so big there. but we're doing a job, and this state has been -- we're very proud of what's happened in ohio under our federal auspices. we've gotten so many things done, and this plant is one of our great achievements. to all of our active-duty service members and our wonderful veterans, thank you for serving your country -- -- with such tremendous distinction and honor. and to every welder, and machinist, and assembler, and mechanic, and engineer, and electrician, and carpenter, and every patriot here at the joint systems manufacturing center, thank you for pouring out your heart and your sweat and your soul to help restore the might of the american military, which very soon will be stronger than it ever was. we've bought billions and billions of dollars' worth of new planes and tanks and many other things. so, thank you all. great job. and the fact is we have the best tanks driven by the best soldiers, made by the best workers anywhere in the world. and that's true. a lot of people are asking, be
lordstown is a great area. i guess i like it because i won so big there. but we're doing a job, and this state has been -- we're very proud of what's happened in ohio under our federal auspices. we've gotten so many things done, and this plant is one of our great achievements. to all of our active-duty service members and our wonderful veterans, thank you for serving your country -- -- with such tremendous distinction and honor. and to every welder, and machinist, and assembler, and mechanic,...
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the president keeps calling for company to reopen the plant in lordstown. what he doesn't acknowledge the cost in tariffs he promised to keep in place has cost that company, general motors over a billion dollars, the president's tariffs made u.s. steel among the most expensive in the world. that is one of the reasons, and my opinion opinion that companies had sufficient a difficult time doing something with the lordstown plant. can't reopen it. can't change it. can't sell it. that is causing the president a lot of frustrations. causing the market a lot of frustrations. you want to reopen the plant yet the tariffs the president promised to keep, cost the same company general motors heck of a lot of money putting new capital to work and putting new people to work as well. >> hadley, over and over people say general motors is well-run company because of mary barra as ceo and general motors selling a lot of vehicles. they sold 3 million of them, other places like china are a big headache for them since sales are sliding, so if you're gm, what do you do? >> i th
the president keeps calling for company to reopen the plant in lordstown. what he doesn't acknowledge the cost in tariffs he promised to keep in place has cost that company, general motors over a billion dollars, the president's tariffs made u.s. steel among the most expensive in the world. that is one of the reasons, and my opinion opinion that companies had sufficient a difficult time doing something with the lordstown plant. can't reopen it. can't change it. can't sell it. that is causing...
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down late last night trump then tweeted just spoke to mary barra, ceo of general motors about the lordstownio, plant, i am not happy that it is closed when everything else in our country is booming i asked her to sell it or do something quickly. she blamed the uaw union i don't care i just want it open. gm shares moving at least a little bit to the upside right now, just about flat in trading $38.10 the last rate there in pre-market trade. >>> switching gears, one of russia's richest men is going on the defensive or offensive depending which way you want to look oleg dare pas ka is suing the u.s. government demanding, they lift sanctions against him jeff joins us live from moscow with more on this very big interview. jeff, how does hi feel about these sanctions? and what's he going to do about it >> reporter: well, he feels emotionally and financially which is why he's asking for $7.5 billion here. back in april, 2018, these sanctions were imposed the treasury then said he was part of a group of wealthy russians who had a malign influence on world business affairs. he hit back saying the tr
down late last night trump then tweeted just spoke to mary barra, ceo of general motors about the lordstownio, plant, i am not happy that it is closed when everything else in our country is booming i asked her to sell it or do something quickly. she blamed the uaw union i don't care i just want it open. gm shares moving at least a little bit to the upside right now, just about flat in trading $38.10 the last rate there in pre-market trade. >>> switching gears, one of russia's richest...
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they made small cars of the lordstown plant. the union's turn to come up with excuses because they are on the hook for these job losses. >> katie: let's switch to another topic that certainly is being discussed on the campaign trail. no supreme court makeover on his watch. president trump guarantees the supreme court will stay at nine justices as a growing number of democratic white house contenders suggest changes like adding justices or imposing term limits. watch. >> i wouldn't entertain that. the only reason they are doing that as they want to try and catch up, so that they can't can the bell box of them want to do it a different way. it will never happen. i guarantee it won't happen for six years. >> katie: meantime, republican mark to my congressman mark green of tennessee tweeted he's introducing a constitutional amendment to limit the number of justices to nine. marco rubio doing the same. he tweeted, "we must prevent further destabilization of essential institutions. court-packing is queenie becoming a litmus test. i wa
they made small cars of the lordstown plant. the union's turn to come up with excuses because they are on the hook for these job losses. >> katie: let's switch to another topic that certainly is being discussed on the campaign trail. no supreme court makeover on his watch. president trump guarantees the supreme court will stay at nine justices as a growing number of democratic white house contenders suggest changes like adding justices or imposing term limits. watch. >> i wouldn't...
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if you look at two counties, this one here, then the lordstown county, trumbull county, fairly close, sort of mirror the president did in ohio over all. alan county, big one, big popularity for the president. a big win here. we'll see whether or not gm change its mind in face of presidential pressure. charles? charles: jeff, appreciate it. fed reiterating plans to be quote, patient about future rate hike increases. not even looking at this year anymore. some folks thought they would be at two. they're at zero. for now the market loves what it is seeing and what it is hearing. we're still awaiting fed chairman jerome powell. as we await i want to bring in the panel what we might discuss and hear how the market might react. danielle dimartino booth. eddie ga power, key advisor group, timothy chubb, cio of gerard partners. eddie, congratulate on the book. give the full title. the keys to the good life before and during retirement. what is the key to the good life? >> the fed gave us a nice boost as a bull, no rate hikes i'm honestly shocked they made such a bold statement, not only rate
if you look at two counties, this one here, then the lordstown county, trumbull county, fairly close, sort of mirror the president did in ohio over all. alan county, big one, big popularity for the president. a big win here. we'll see whether or not gm change its mind in face of presidential pressure. charles? charles: jeff, appreciate it. fed reiterating plans to be quote, patient about future rate hike increases. not even looking at this year anymore. some folks thought they would be at two....
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in lordstown, this plant has been here for over 50 years. made a huge impact on this community. many generations of families have worked here behind me. when they leave for the last time today, they are going to be leaving behind many decades of work experience. we spoke to one of those employees whose last day it is today. >> stabbed us in the back. we do a lot for the community. it's hurting right now saying we might have to leave ohio to go somewhere else. but we'll get through this. rough times. >> reporter: according to gm, they will be saving about $6 billion by 2020 for the closing of these five plants. they were able to relocate about 400 people from this lordstown plant to other facilities across the united states. i spoke to the mayor last night and the economic impact of this plant closing here for this community is pretty dire. businesses here in town are down 50%. when people don't show up for work tomorrow, that percentage is going to drop even more. finally, the mayor and many of the people who are still hanging out here in to
in lordstown, this plant has been here for over 50 years. made a huge impact on this community. many generations of families have worked here behind me. when they leave for the last time today, they are going to be leaving behind many decades of work experience. we spoke to one of those employees whose last day it is today. >> stabbed us in the back. we do a lot for the community. it's hurting right now saying we might have to leave ohio to go somewhere else. but we'll get through this....
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but this week dprks m has been the target of president trump's anger over their closing of the lordstownas gone after gm ceo mary barra to reopen the plant or sell it which lead me to ask her this question today. >> are you being bullied by president trump? >> not at all, we're having conversations, i know it is important to understand other people's perspectives, i think when you look at job creation in the u.s. we're aligned. today's announcement is one example of that. >> he said he had a conversation with you over the weekend about lordstown, can you describe it? >> i view the conversations with our elected officials, those are private conversations -- >> but he is not keeping it private. >> i think you know me, that's what i think it appropriate, and we had a conversation, and i understand his perspectives, and i think we had an opportunity to share ours. >> now she is a very disciplined ceo and she is clearly not going to engage the president publicly. i also asked her about why they made a decision to build this new vehicle here just north of detroit, and she said originally gm bl
but this week dprks m has been the target of president trump's anger over their closing of the lordstownas gone after gm ceo mary barra to reopen the plant or sell it which lead me to ask her this question today. >> are you being bullied by president trump? >> not at all, we're having conversations, i know it is important to understand other people's perspectives, i think when you look at job creation in the u.s. we're aligned. today's announcement is one example of that. >>...
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this is our second day in lordstown, ohio, where people are holding out hope this will remain open.io today visiting inin ining k manufacturing site tweeted about this factory over the weekend. i want jobs to stay in the usa and lordstown opened or sold to a company who will open it up fast it closed on march 6th although it could open back up in december gm made the decision as part of an effort to focus more on trucks and suvs. chevy cruze sales in the u.s. have fallen by more than half over the past five years now hundreds are in limbo. many here say it is especially heart breaking after 2017 when the president said these jobs would come back. >> i don't think he lied to us i don't. i just don't think he fully understands the situation. it's just not as simple as calling someone out on twitter that he needs to, you know, be serious. >> i think it's a little too late i think he should have been on the bandwagon when they first -- when they cut the other shifts and when they announced they were going to cut the shift. >> i feel like it's the company's fault. not the president's fau
this is our second day in lordstown, ohio, where people are holding out hope this will remain open.io today visiting inin ining k manufacturing site tweeted about this factory over the weekend. i want jobs to stay in the usa and lordstown opened or sold to a company who will open it up fast it closed on march 6th although it could open back up in december gm made the decision as part of an effort to focus more on trucks and suvs. chevy cruze sales in the u.s. have fallen by more than half over...
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liz: trump's fight with gm is escalating over the lordstown, factory.he tweet attacks on gmc and mary barr. the president wants gm to retool the factory to make electric cars. ohio not on a list of key 020 states to get super pac money from certain super packs. this has nancy pelosi is headlining a democratic fundraising dinner. ernie, good to see you. what democrat policies do you see out there that will create jobs and economic growth? >> i think the growth is happening. the democrats have a different picture of what's happening with the economy. the wages are up, unemployment is down, 401ks are performing at the highest level and they are not seeing any of this. i don't understand it. >> setting aside trump's tweets and his style. the american people see him working and trying to do this job, trying to get job growth. mix that with the tweets and the media reaction. is he effective? >> i think he's very effective. i think this whole tweeting thing, the people who don't support president trump hate him. and the people who do support him, they love it.
liz: trump's fight with gm is escalating over the lordstown, factory.he tweet attacks on gmc and mary barr. the president wants gm to retool the factory to make electric cars. ohio not on a list of key 020 states to get super pac money from certain super packs. this has nancy pelosi is headlining a democratic fundraising dinner. ernie, good to see you. what democrat policies do you see out there that will create jobs and economic growth? >> i think the growth is happening. the democrats...
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. >> when we come back, a general motors plant in lordstown, ohio has been the focus of president trump'sshutting it down for good trump says he wants it open or sold fast. we will take you there live. plus, a big interview you will not want to miss the carlisle group co-founder david rubenstein is with us exclusively. "squawk on the street" will be right back r for people who don't play golf? hey mercedes! mix it up a little. how about something for a guy who doesn't want a corner office? hey mercedes, i don't even own a tie. do you think i need a mahogany dashboard? hey mercedes, can you make it a little cooler in here? [ a-class ] i am setting the temperature [ a-class ] to 68 degrees. we hear you. we made a car that does, too. the all-new a-class. all-new thinking starting at $32,500. down two runs in the bottom of the ninth. because there's always another game on deck. with mlb extra innings on xfinity x1, you'll get up to 90 out of market games per week. and all of the body sacrificing catches, home plate heroics, and 6-4-3 double plays. plus, with x1 you can get every stat and ever
. >> when we come back, a general motors plant in lordstown, ohio has been the focus of president trump'sshutting it down for good trump says he wants it open or sold fast. we will take you there live. plus, a big interview you will not want to miss the carlisle group co-founder david rubenstein is with us exclusively. "squawk on the street" will be right back r for people who don't play golf? hey mercedes! mix it up a little. how about something for a guy who doesn't want a...
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they have been encouraging president trump to swing through lordstown, to talk to the folks who have been laid off by general motors and impacted by plant.osing down of the the president taking to twitter earlier this week, criticizing general motors and the union leader. meet the other 27 leaders and tries to get them to agree to her request to extend brexit to june 30. david: the extension depends in part on what happens during those 90 days, what will change. they say they will not change their position, but she cannot take the old deal back. who is going to give? reporter: french president emmanuel macron has said he doesn't feel like he can back the extension without guarantees. could it be a second referendum, something may has repeatedly ruled out? a neutral issued most eu leaders feel they haven't had any clarity from the u.k. for the last few years. david: now we will go to brussels on google's big fines. this is not the first time they have been in the crosshairs. reporter: no it is not, it is the third. it is 1.5 billion euros. over the past 10 years we've seen google face
they have been encouraging president trump to swing through lordstown, to talk to the folks who have been laid off by general motors and impacted by plant.osing down of the the president taking to twitter earlier this week, criticizing general motors and the union leader. meet the other 27 leaders and tries to get them to agree to her request to extend brexit to june 30. david: the extension depends in part on what happens during those 90 days, what will change. they say they will not change...
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Mar 22, 2019
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president has been berating her and the company for lordstown. >> yeah, lordstown she's got -- the president'sgh. it is almost like you want to say, okay, what do you want? i'll -- and then he becomes salesman in chief. he'll go buy and he'll buy an escalade if she opens up the -- he won't buy five give them to his family and stuff. >> we'll get cramer's mad dash, count down to the opening bell as we see weakness in futures. don't go anywhere. that rocking chair would look great in our new house. ahh, new house, eh? well, you should definitely see how geico could help you save on homeowners insurance. nice tip. i'll give you two bucks for the chair. two?! that's a victorian antique! all right, how much for the recliner, then? wait wait... how did that get out here? that is definitely not for sale! is this a yard sale? if it's in the yard then it's... for sale. oh, here we go. geico. it's easy to switch and save on homeowners and renters insurance. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time..
president has been berating her and the company for lordstown. >> yeah, lordstown she's got -- the president'sgh. it is almost like you want to say, okay, what do you want? i'll -- and then he becomes salesman in chief. he'll go buy and he'll buy an escalade if she opens up the -- he won't buy five give them to his family and stuff. >> we'll get cramer's mad dash, count down to the opening bell as we see weakness in futures. don't go anywhere. that rocking chair would look great in...
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Mar 20, 2019
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looking at the situation particularly around lordstown, the trump team is saying this plant on the other of the state has been brought back from almost extinction. is that true? and is that an economic story of success across ohio? >> so that plant that president trump is visiting today where they build military equipment has benefitted from president trump pumping a lot more money, building that defense budget, no doubt about that. while the job picture looks very good across the nation, there are pockets of pain. in particular in places where the president has specifically said he will personally intervene, places like the carrier factory in indiana and the gm lordstown factory on the other side of ohio. it hasn't gone very well. his track record is not very good at saving those jobs in the places that he personally has said he will help. >> i was also just in ohio. i was in the cleveland area recently. look, i think ohio is really the showcase state for donald trump in terms of the economic revival. there are some plants that are closing. that's what we call creative destruction. the
looking at the situation particularly around lordstown, the trump team is saying this plant on the other of the state has been brought back from almost extinction. is that true? and is that an economic story of success across ohio? >> so that plant that president trump is visiting today where they build military equipment has benefitted from president trump pumping a lot more money, building that defense budget, no doubt about that. while the job picture looks very good across the nation,...
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Mar 19, 2019
03/19
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getting news that cadillac is going to be coming out with a new ct-5 sedan but the chevy cruz in lordstown seem to sell the car. is that just a car problem and not a general motors versus president trump problem? >> that's exactly right. we're looking at a situation where in this country people just are not buying sedans the way they did a generation ago, even five years ago, with oil prices being what they are, the preference is for suvs and frankly the larger the better. that's where the industry's going. so we're seeing this sort of rationalization which general motors announced last fall closing five factories and ford and the other automakers are all p kind of in the same boat on this. focusing on suvs and away from he sedans. cheryl: that's certainly true. people want bigger and better, they want electric, maybe go to texas, all you can see is big trucks all over the road. at the same time, the president did make an interesting point yesterday in his twitter attacks against gm or on sunday, excuse me. he said, look, why don't we set up negotiations sooner rather than later with the u
getting news that cadillac is going to be coming out with a new ct-5 sedan but the chevy cruz in lordstown seem to sell the car. is that just a car problem and not a general motors versus president trump problem? >> that's exactly right. we're looking at a situation where in this country people just are not buying sedans the way they did a generation ago, even five years ago, with oil prices being what they are, the preference is for suvs and frankly the larger the better. that's where...
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Mar 6, 2019
03/19
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let's make sure one of them at least is in lordstown. this would be the first time in almost 100 years that general motors was not assembling vehicles in ohio. think about that. they have other plants in ohio. they make transmissions in ohio, but this would be the differefie we don't have an assembly plant in the second biggest auto state in the country. i think it's about 10% of the payroll in the youngstown area. this is a big deal. >> when the president down plays the impact and he says the jobs are going to be replaced in ohio in something like two minutes, i venture to guess you don't see it that way? >> well, certainly not for that valley. there's no replacement because there's no employer that pays those kind of wages and has those kind of benefits that's that large. it is impossible to replace that particular plant. i will say that our economy in ohio is generally good. unemployment is relatively low. we're seeing wages going up for the first time in about a decade and a half in ohio. even in youngstown there are some interesting
let's make sure one of them at least is in lordstown. this would be the first time in almost 100 years that general motors was not assembling vehicles in ohio. think about that. they have other plants in ohio. they make transmissions in ohio, but this would be the differefie we don't have an assembly plant in the second biggest auto state in the country. i think it's about 10% of the payroll in the youngstown area. this is a big deal. >> when the president down plays the impact and he...
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tesla is considering taking over the lordstown plant.ee says it is closing nearly 400 of its family dollar stores and will convert another 200 into dollar tree locations. there are several dollar tree stores in the bay area but only one family dollar. that one is in rio vista. it's struggled to kueep up with its main competitor which is dollar general. >>> amazon says it's going to close 87 of its pop-up stores in the united states. the closures will start next month. the stores are found inside whole foods stores, kohl's and some malls. they let people try amazon's various devices and services. the company does plan to open more of its four star stores, however. >>> not the best day on wall street as investors continued to worry about ongoing trade talks with china. bloomberg reports president trump is pushing to get a deal done soon with the goal of fueling a rally. now, all three markets finished in the red. the dow jones dropped 133 points. the nasdaq fell by 70. the s&p 500, that one was off by 18. >>> in the east bay a developer is
tesla is considering taking over the lordstown plant.ee says it is closing nearly 400 of its family dollar stores and will convert another 200 into dollar tree locations. there are several dollar tree stores in the bay area but only one family dollar. that one is in rio vista. it's struggled to kueep up with its main competitor which is dollar general. >>> amazon says it's going to close 87 of its pop-up stores in the united states. the closures will start next month. the stores are...