let's talk about the lordstown issue. how much was automation versus unions and the industry itself? rep. ryan: it is kind of like the perfect storm. you have globalization, automation. i said don't get rid of the cafe standards. we are making a smaller more fuel-efficient vehicle and i knew once they got rid of fuel efficiency standards, that was going to put the plant in jeopardy. it was a matter of weeks after president trump got rid of those standards is that they closed the plant down. combination of everything that's happening. i don't blame donald trump for everything. i blame him for not having a plan to fix it. i think that has been the consensus. here we have the best jobs in the area. $31 an hour and even the jobs we are talking about replacing are $17 an hour for potential battery facility that goes into lordstown. so, it is the american story of the last 40 years, unfortunately. how do we go from very high paying jobs, globalization, automation, no industrial policy in the united states, no strategy here in t

that is far different than reopening the lordstown plant with a specific vehicle that would be built in that plant again, this is fluid, this is how it goes, but you gm shooting down this report from politico that the white house is getting involved in the talks. >> appreciate that, phil thanks for the update. tomorrow on halftime, it is decision day for the fed jeffrey gundlach joining us ahead of the decision. what he thinks the fed will do, what he thinks they should do and certainly what may happen next in the markets. and now options traders are gambling that two entertainment stocks continue to move higher >> and i'll start with mgm it hit buying the october 11th expiring on the 11th 31 calls for 35 cents very large, about 8,000 were bought when we first cited it. and another one real quick, drop box also going out just one week we talk about short term, this is very short term but they are buying the 21st, maybe up to 50 cents i like both these. i'll be in for a week on the drop box at least a couple weeks when you look at mgm. >> longer term -- >> and tweet those out too >> a

jobs we are talking about replacing are $17 an hour for potential battery facility that goes into lordstownand so it is the american story of the last 40 years, how do we go from very high paying jobs, globalization, automation, no industrial policy in the united states, no strategy in the united states and the worker takes it on the chin and it is a combination of all of those. >> the head of gm making $22 million a year. do you think there should be salary caps for ceos of these companies? >> you can have salary caps, increased taxes for the top marginal rate. the company made $35 billion in the last three years. they got a huge tax cut and the ceo making $281 million on the factory floor. there is a level of unfairness. when you walk the picket line after the strike happened and i went from youngstown outside cleveland to toledo in northwest ohio to detroit and flint, the stories you will hear, people driving two hours to get to work and driving two hours home because their family was in cleveland or somewhere a couple hours away and they didn't want to move the kids out of school and th

the lordstown and the warren transmission plant have already been idled. the question is can they put new product in there. so that's one of the big issues on the table. what gm did yesterday is so unusual. they actually made public the broad strokes of what they have proposed to the uaw. we can take a look at some of those i. what they have said is they are willing to invest $7 billion over the next four years. that's the length of the contract. they will invest in 5400 jobs. they will do something about the unallocated plants. they said they have a solution. and they have proposed wage increases, either to come on a yearly basis or in a lump sum basis. the uaw is not very pleased with the gm side, they say they don't play games and don't negotiate in the press. but they are back at the table today. but how long this will go on, no one is quite sure. >> that is for sure. ann thompson, i know i'll be checking back in with you throughout the morning. let me bring in a spokesperson for the united auto workers union, chuck brown. thank you for being on the sh

. >> talk about lordstown, this is the plant, the cruz plant that was shut down. do you want gm to reopen that plant? >> well, we are focused on job security for some 50,000 members and their families. there are several plants that are unallocated but the theme of job security and secured employment is what we have been talking about time and time again after and during these negotiations. one of the plants right behind me where you see the marching uaw members is the hamtramck plant. they are on that list to potentially not have product for years to come. so there are four and there may be additional, but in november 26, 2018, four of them were announced. specific details on each one, i will not get into. what i will tell you is that it has always within a priority for the uaw to sustain job security in any one of our agreements and we are going to continue to have those discussions. as far as specific details on lordstown or any of the others, i'm not at liberty to talk about them. we will continue to talk about job security as we get back to the bar beginning t

a plant nearby in lordstown closed in march.en the cruel reality of trump's empty promises came crashing down on the workers he promised to help, all trump could do was offer a useless tweet. and once again, he clearly had no idea how to deliver on his promise. >> "just spoke to mary barra, ceo of general motors, about the lordstown, ohio 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 uaw u i don't care i just want it open. >> seth: hey, ass[ bleep ] you told them not to sell their homes. a tweet whining that you're not happy isn't good enough. it's like if your buddy told you invest everything you have in bitcoin and then when it crashed sent you a text that was just a dollar emoji and a surprise face [ laughter ] also what do you mean, "i asked her to do something? do what? you're the guy who said you were going to save the jobs you're supposed to have the ideas. like a plumber who shows up and takes a look at your toilet then ju

more specifically, with gm deciding to build the blazer in mexico when it could easily build it in lordstowne is they areuildin the car in mexico and shipping the cars up here to sell. reporter: union workers also point out the record revenue and profits gm has been producing in recent years, including $11.8 billion in 2018, for its part, gm says that it's put forward a fair offer which as you mentioned includes billions of dollars in investment in u.s. plants as well as 5400 additional jobs here. this plant behind me here, a lot of these workers are set to lose their job come january of 2020, when the plant is set to close. they would like to see a deal in which this plant remains open but we will have to see as negotiations continue. liz? liz: maybe the stock price falling 4.5% might make management think twice about this. it's an interesting move here. we are watching it closely. grady, thank you very much. grady trimble. >>> from striking auto workers to a striking upgrade. the closing bell ringing in 17 minutes. the dow is still floundering, down about 153. the nasdaq down 27. but hsbc

. >> sullivan: in 2019, the gm plant in lordstown stopped producing cars.a major hit to auto workers. >> this s ant can't close. when it first opened, it was the largest plant under one roof in the world. >> (chanting) >> sullivan: with china aggressively pursuing next-generation technology, the talk in lordstown that day was how this plant could be transformed to keep the u.s. competitive. >> my personal hope e that general motors, which is ininsting billions of dollar all-electric, emission-free, green cars, will decide to build them right here. ar horn honking) >> we've got tfix our system to compete with china. we've got to internalize some of this blame and not spend a our time bming it on china. they've outsmarted us, they've done some things that we don't agree with, they've done some things against the agrs they've made, but they're focused and moving ahead. >> cna has a plan. th a 50-year plan., a 20-year, i mean, we really need to get serious about this in, in terms of electric cthicles, in terms of, of new technology, in terms of manufacturing, a

whatrary workers is one, will happen to the plant in lordstown, ohio that has been idled and pretty muchg sold by gm? that is the one in president does president trump has been so interested in seeing open, because that district in ohio was crucial in the election. temps, the union wants fewer of them. gm wants to get out, the union would like to see something built there. the other stuff, wages and benefits, they can usually come to an agreement on, but somebody will have to cave one way or the other. that is where we are right now and it could probably go on -- i would say for possibly the next week, but you never know. you hit a breakthrough in one place and suddenly everything can come together. one thing that is well-timed about your story, it gives the bigger picture for gm here. it has gone from a company that was everything to everyone to making a pivot that is big, risky, into the electric market and self driving cars. tie these things together. will we see a hard line for the itsany, because it knows future is not the same as it passed? david: there is a lot going on. if you lo

vehicles imported from mexico and believes some of them could have b beenlt in plants like the one in lordstown, ohio, which has been shuttered. it's all part of mary barra's plan to make gm lean and profitable. that has drawn the ire of president trump who wants gm to add more jobs in the u.s.e trike prompted him to tweet, here we go again withge ral motors and the united auto workers. deal.ogether and make a while it may take days or weeks for a deal to come together, general motors a the uaw still have a history of eventually hammering out agreements including a decade ago when the automaker was going through bankruptcy and everyone attached to it was forcedo make tou choices. >> we did what we had to do bacd in '09 to save o self and the company, and now we're asking the companyo save our jobs. >> reporter: phil lebeau,ig ly business report," detroit. >>> >> says, quote, we netiated in good faith and with a sense of urgency. our goal remains to build a strong future formp ouryees and business, end quote. >>> joining us to assess the impact the strike will have on gm and the ever changing au

a particular sticking point, gm's idling of four plants including one in lordstown, ohio. drew the i of president trump who is pushing the company to add more jobs. overshadowing the foxx is the growing invtigation of w leaders either convicted or accused of spending millions of dollars on themselves. the recent criminal complaint in the case is raising fresh questions about uaw president ntry jones and former union boss dennis williams. how that investigation and file members is anyone's nk guess. if they vote to strike, gm dealers have plenty of inventory and sales are unlikely to be impacted. it's been more than 20 years since the last extended strike at a u.s.. auto maker. for now nobody expects another one. but that could change if auto workers walk off the job this ekend. phil lebeau, "nightly business report," chicago. >>> ford is recalling more than 300,000 of its 2017 ford explorer vehicles because of a sharp sea frame edge. the auto maker says there have been 31 reports of hand the vehicles were made at a chicago plant from february o 2016 to october of 2017. >>>

american workers and i've got a family and any time i drive out there it breaks my heart seeing the lordstownplant broken down. that's something the president said it was going out there and he was going to go ahead and help those people keep their jobs and those jobs are gone, they're not coming back. i wish he would go ahead and american jobs because i don't think he's fighting hard enough. >> he's got a good point, one thing i would say is some of the jobs in these old steel jobs and manufacturing jobs, through technology and through trade, some of those jobs are probably just going to go away but the fact is that we have steel mills and you mentioned youngstown ohio, steel mills are pretty open in youngstown and the reason that's happening, this is animportant point because i listen to the democrats talking about climate change .ey i think it was bernie sanders and a couple of others said that damn fracking, that's the stupidest idea i've ever heard. fracking is totally rejuvenated the ohio and pennsylvania and west d virginia economies, we're producing more natural gas asbecause of frack

so you wouldn't see as many people in lordstown, for example.a: yeah. >> there's discussion about the electric car or electric truck company, workhorse, trying to put together a new enterprise to buy part of the lordstown plant. so that seems to be factored in. maria: real quick, james. >> i'm just wondering, randy, we mentioned the corruption case is ongoing against uaw leadership. does that create a problem in terms of the incentive here that they have to prove they're doing an amazing job and not selling out their membership? >> yeah, we think that's a big factor in terms of ratification. so the -- we've been told and i think this is probably true, the workers tend to trust the layer down from the very top that is doing the negotiating. but when it comes to ratification, there's going to be some skepticism about whether they're getting the best deal that they can, which seems to be part of the reason that the union may be talking about leaving the workers out on strike after the tentative agreement is reached. maria: i see. >> by the way, i d

you talking about replacing her 17 bucks an hour for a potential battery facility the me going to lordstown it's the american story unfortunately. of the last 40 years. how we go from these very high-paying jobs globalization automation no industrial policy here in the united states, no strategy here in the united states, and the worker takes it on the chin. i think the combination of all of those. >> the head of gm made $22 million a year. do you think there should be salary caps for ceos of these companies. >> you have salary caps, increased taxes for the top marginal rate, there's a variety of ways to get there. again, the comedy made $35 million in the last three years, they closed facilities and or stock prices go up. they got a huge tax cut and then the ceo is making like $281 for every 1 dollar the person on the factory floor is making. there's a loophole of unfairness that is gross. and we do walk that picket line like i have, right after the strike happened and i went from youngstown and or simplot paramount which is outside of cleveland in toledo northwest ohio. detroit in the fli

companies are opening plants and expanding plants and big things are happening in ohio including with lordstownry positive things are happening. we have many plants that are either being renovated or expanded or built new now in the united states. many more than we've had for decades so nobody has been better to the auto workers than me. would you like to see it work out but i don't want general motors building plants in china and mexico, this is before my watch and i don't think they'll be doing that. i think -- i had meetings with mary berea, the head of gm and i don't want them leaving our country, i don't want them building in china or other countries, i don't want these big massive auto plants built in other countries. and i don't think they'll be doing that any more. you know general motors makes most of its money in the united states. and it's too bad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the usmca which we have to have approved not only for the union, for the auto workers but for the farmers and fo

i covered the lordstown assembly plant for four years. i talk to those people all the time.hey still have homes in the youngstown area and they're renting apartments where they're at, whether that's bowling green, kentucky, lansing, michigan or flint, michigan. these people are upset. they feel like gm breached a contract with them, and they want gm to hurt, i think. i think the union leadership recognized that, recognized how frustrated the workers are over that situation. but on top of that, john, you have this ongoing uaw federal investigation into corruption, and really, i think the union leaders recognize that they need to show their members that they have gone to fight for them with a contract with this ongoing federal investigation. they want them to know they have fought for everything they could and going on strike was a last resort. >> kalea, appreciate it. you're on the ground. we'll keep in touch in the days and hours ahead if necessary. >>> the president has to make war and peace decisions about iran but also has to worry about the economy here at home because o

among those factories now idle plants in lordstown, ohio, and warren, michigan, and the detroit plant slated to close. president trump who criticized the shuttering of the lordstown plant tweeting sunday, here we go again, calling on gm and the uaw to get together and make a deal but union leadership says the current offer doesn't do enough for its workers. >> we are standing up for our share of the profits. >> reporter: the strike comes as the union faces troubles of its own, a federal corruption probe ensnaring some current and former leaders, the justice department investigating alleged embezzling of hundreds of thousands of union dollars that includes a nearly $6,600 steak dinner, complete with four bottles of cristal, the champagne alone totaling more than 1,700 bucks. >> anne, as this strike gets underway there, how much could it end up costing general motors, do we know? >> reporter: craig, this could be a very expensive strike for gm. last time when the uaw struck in 2007, it cost gm then an estimated $300 million a day. now, that strike only lasted two days. the two sides are

there's one in lordstown, ohio that's gotten attention. the plan is to shut the plants down, that's in negotiation between the uaw and general motors. the flipside of that, though, craig, is the uaw says fine you want to curb production here, close plants here, why are you increasing imports from mexico? which is what general motors has been doing. it's been a big part of their profit drive in north america. that is at the heart of the issue between the uaw and general motors. >> phil, you've covered these labor disputes, labor disputes like this for some time. how would you surmise this is going to play out? >> i think this is going to last at least a couple of weeks, maybe two or three or four weeks. i don't get a sense they're going to reach an agreement anytime soon. in part because, look, times are good. so if you're a uaw member you know that this contract was coming to an end. you knew that the possibility to strike was there. they can afford to a certain extent say we're going to try to put some pressure on general motors. from gm'

big things are happening in ohio, including with lordstown. very positive things are happening. >> so he doesn't say he supports the workers in the strike, but i couldn't believe the hubris saying very positive things are happening. >> yeah, it's looking up there. >> they just closed a plant. >> yeah, but of course we don't have to get into this. if he says it, he believes it. he knows maybe 60 million people are going to believe it's true because he said it's true. here's the truth. the auto workers in michigan where the gm plant is, in genesee county, wayne, oakland, lancing, all of these counties except for one over on the west side that have a gm factory voted for hillary clinton. they didn't vote for him. >> that's interesting. >> the auto workers did not vote for him. this is a real thing. when you think working class, pundant class and joe biden talk about it. like it's lunch bucket joe and that's who's got to win but the majority of the working class are women of color. they are young. they earn the lowest wages in our economy. when yo

big things are happening in ohio, including lordstown, a very positive thing that is happening.ants that are even being renovated or expanded or built new right now in the united states. many more that we have had for decades and decades though nobody's been better to the autoworkers to me. i would like to see it work out, but i don't want general motors building plants in china, mexico. this is before my watch. and i don't think they will be doing that. i had meetings with mary barra, the head of gm. and i don't want them leaving our country. i don't want them building in china. i don't want to build them in other countries. i don't want these big, massive auto plants built in other countries. and i don't think they will be doing that anymore. you know, general motors makes most of its money in the united states. and it is too bad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the u.s. embassy, which we have to have approved, not only for the unions, but for the auto workers, the farmers and that m

strike with an agreement and part of that agreement according to this article would reopen a plant in lordstownohio, that gm shut down earlier this year. the effort would put the white house on the side of united auto workers union and could boost the president's re-election chances next year in michigan and ohio but all three sides involved in this saying that is simply not true. this statement from the white house. this story is false. the trump administration including larry kudlow and peter navarro named in the powe lit call article are not involved with the negotiations between the uaw and gm. as president trump said we would like to see a fair and speedy conclusion to the talks. gm was short in its statement. the white house has no involvement in the negotiations. the uaw was the same. any white house intervention the spokesperson says is news to the uaw. the port is watching as negotiations are ongoing. he chimed in yesterday. he didn't pick a side. he suggested federal mediation or intervention is always possible. as for the status of those negotiations, charles, there is still no end i

>> billion with a "b," and tons move work away from american factories like in lordstown or in warren, michigan. south of the border to mexico. what the workers are saying is we were there, not the mexican workers are the mexican government. the american people were there when the company needed them in order to stay alive. now, you know, all of a sudden the stock holders are making money hand over fist, the executives are taking in big bonuses and great salaries. and the workers are just saying we should have our fair share of that incredible profit you're not generating, and i think that's a reasonable argument. i stand with those workers. >> congressman dan killdee, thanks for being with us. >>> 2020 cds flocking to the hawk eye state, including gartu gabbard. we'll talk with the hawaii congresswoman about how she plans to qualify for the next debate. >>> up next, canada's prime minister justin trudeau if fess up to wearing black face 20 years ago after unearthed beyond the arc photos caught him red handed. is his apology too little too late? my take next. plants capture co2. what

(chanting) >> sullivan: with china aggressively pursuingen next-gation technology, thene talk in lordstownbe transformed to keep the u.s. competitive. my personal hope e that general motors, which is investing billions odollars in all-electric, emission-free, green cars, will decide to build (car horn honking) to compete with china.r system we've got to internalize some of this blame and not spend all our time bming it on china. they've outsmarted us, they've done some things that we don't agree with, they've done some things against the agreements they've made, but they'red focused ving ahead. >> cna has a plan. th got a ten-year, a 20-year,an a 50-year i mean, we really need to get serious about this in, in terms of electric cthicles, in terms of, of new technology, in terms of manufacturing, and make sure that our government is supportive.ti >> we didn't do what china's doing. we didn't look at,t,where are the industries of the future? where do... what kind of training do we need? what kind of peopldo we need? what kind of incentives do business need to do this?" this is where, actually

mention that, you know, at issue are wages, health care, use of temporary workers, they shuttered lordstownrkers are not happy. of course, the company for its part says that among all auto workers, gm believes its uaw workers do quite well. >>> there's not a lot that brings republicans and democrats together these days but one topic uniting both sides of the aisle is really turning out to be anger against big tech's alleged overreach. what are bankers and legislators from both parties saying about the tech crackdown? charlie gasparino. >> financial advisers, what they are telling their clients. the sheldon adelson story is interesting. i had the tip on that last week. white house denied it. here's the interesting thing. sheldon raises a lot of money for trump. that's why he can make that call. that's why trump will back off. liz: why deny it? >> listen, why do theyeny anything? i'm just telling you, they did. i chose, sometimes when people deny stories, i go for it anyway because i feel more confident. i chose not to run that. but you know, whatever. i pick my ballotttle. i picked this batt

first ever union representative battery plant in lordstown, ohio, where the plant is being closed. 5400s. 8,000-dollar signing bonus. you're taking people out on the street, people making $1200 a week base, now will be getting strike pay of $250 a week. i guess they wanted the membership to know what they were sacrificing that grand a week for. neil: how long do you think this drags on? if i'm ford, am i worried what i see going on if the arrow turns to me? >> i don't think ford would be worried. we don't know how long it will drag on. depends whether gm is willing to sweeten the offer enough for uaw president doug jones to save face, get support back from the membership or let him dangle. he is named, doug jones is named, believed to be the unidentified uaw official named in this federal investigation into the misuse of funds. he and former president dennis williams for whom the uaw built a vacation home at the resort in black lake, michigan, are both unnamed, briefed to be unnamed conspirators here. it depend how much leverage gm thinks it has from this corruption poll. neil: always a

companies in and building plants and expanding plants and many things are happening in ohio, including lordstownive things are happening. we have many plants that are being expanded or built new here in the united states, many more than we've had for decades and decades. so nobody's been better to the autoworkers than me. i would like to see it work out, but i don't want general motors building plants in china and this was before my watch i don't think they'll be doing that i had meetings with mary barra, the head of gm, and i don't want them leaving our country, i don't want them building in china, i don't want to build them in other countries. i don't want these big massive plants built in other countries and i don't think they'll be doing that anymore you know, general motors makes most of its money in the united states and and too bad they spent billions and billions of dollars outside of the united states before i got here unof the things that's very important in the usmca, for the farmers, and for the manufacturers, everybody everybody wants usmca. it's very important. more so now than it

terms of medical and in terms of increased investment for the potential battery and ev production at lordstownlion to get 5400 jobs brought back even though they are closing other plants. they've come to the table and offered up a lot of details on what they are offering because they feel it's a good deal and when people see it they are going to agree but there was -- i think this was almost like a required strike because of the corruption at the top of the uaw, a lot of the ranking file members were feeling unhappy about whether they were really looking out for them, so i think uaw almost felt compel today strike, they were going to strike no matter what, now on what it takes to resolve it, whether a lot of theater or bargaining ready to be done on uaw side. maria: auto sales worldwide will take a hit this year, down by 3%, what's your take in terms of business over the next year? >> i think it's likely we will see some contraction but i also think like so many things in our economy it's riding on the china tariff situation, if we get confidence back in the markets and the tariffs are resolve

those workers are saying enough in lordstown. the workers whose jobs g.m. took are picketing in solidarity with other u.a.w. workers at the empty plant. reporters asked them why and they answered brotherhood, brother and sister support. workers who transferred to other plants in michigan and missouri and kentucky and indiana are coming back to join them. that's what the labor movement is all about, brotherhood, sisterhood, solidarity. the recognition that workers should have a voice and should have a share in the profits that they create for their companies. g.m. made more than $10 billion. that's 10 billion. $10 billion in north america in 2018. it's u.a.w. workers who made that money for the company, but what's g.m. do? they shut down plants. now they have thrown striking workers off of their health insurance. we heard one worker at local 14 in toledo who said his 4-year-old daughter chesney had a doctor's appointment scheduled for next week to check on the tubes in her ears to help her hear, but g.m. canceled that family's insurance, so they had to cance

look at what they did in lordstown, ohio. the company shut down its most productive plant in north america. by g.m.'s own measurements, the lordstown plant near youngstown, ohio, where as recently as two and a half years ago back during the obama administration, two and a half years ago, 4,500 workers were working there, and even though president trump said don't sell your homes, these jobs are coming back, they have been laid off. hundreds of workers, 4,500 over the last couple of years. at the same time, g.m. announced they were going to build the chevy blazer in mexico. g.m. could retool that lordstown plant. they could build the blazer in ohio. they could put some of their electrical vehicles at the lordstown plant in ohio. we know they have plenty of money to work with. they earned higher than expected profits in the first quarter of this year, and president trump in his tax cuts for the rich gave huge amounts of tax breaks to general motors. much of that money went to general motors executives. all these workers are ask