does manley spin it off?et that kind of monetization out of jeep as sergio did with the truck unit and with ferrari? >> the shoes of manley showing the jeep is not for sale. if anyone was interested in jeep, you can discuss. matt: all right, thanks for much. our reporter joining us from the lawn after years of covering sergio marchionne, he will be covering mike manley. time for battle of the charts. and reordered takes on maria tadeo. annmarie: i'm looking at foreign investment in iran, given the war of words between washington, d.c. and tehran. we had a huge inflow into the country. this is when iran made regulations more liberal in terms of companies being able to invest in the oil and gas industry, car manufacturing. you could see it's kept up the flows, but what will happen now as the november 4 deadline comes rapidly? we have the 90 days leading up to that in early august. this is not just about exports. total had to halt a project because global international companies cannot risk backlash in the unite

mike manley was sergio marchionne's right hand man.ed closely with him this is not somebody who was in charge of thecompany but he didn't do a whole lot and he's suddenly thrust into a position of power no he has been working closely with sergio marchionne and other executives at fiat chrysler for a number of years. this is not somebody stepping into the job who has no sense of what is going on or the enormity of the task at hand. >> but the market is reacting. the stock is down about 3% right now. phil, i know you have a long day. we appreciate you joining us on worldwide exchange thank you very much. >> you bet. >>> you're probably hearing more and more people talk about how this multiyear stock rally is finally over, it's done. your next guest says that's wrong on a couple of counts. joining us now is managing director at zor. the best named capital on the market. >> you question the basis that this is a multiyear bull market. how? >> my basic call is so far this year the market is doing what it should do after a big year i look at

reassured that manley has the skills to do that.i would think that someone like sergio marchionne has chosen mike manley carefully, you would have the skills to do that, as the market would be felt. francine: how difficult is it to fill the place, the space that marchionne had? field chrysler, and he is much more than a fixture of the auto industry. philippe: absolutely. we cannot overstate how important sergio marchionne has --n in lansing the way influencing the way the industry thinks. his discussion of the obsession of the capital junkie. out, he was definitely at the forefront of industry thinking. it is not clear to me along the current ceo's that i see in the auto industry who is going to pick up that position, leaving the industry thinking. we will see. who is going to replace sergio marchionne. withine: how do they deal the supply chain and the pricing crunches? on aluminum and steel that the white house said they will impose. philippe: it is an industry that the whole -- it is an issue that the whole industry has dealt wit

that led to a shift with mike manley becoming the ceo. i bring this up not only in terms of fiat, we're looking at risks for companies. you've got geopolitics and now a leadership change. >> investors are not pleased with this. investors in the equity market are not pleased with unforeseen change. this is an unexpected change. of a loton the heels of risk specific to the auto industry because of trade. you have this specific company risk to add to that pressure. it remains to be seen whether this is a material shift in strategy. investors are selling now, thinking later in the short term because they're worried about that risk. we do not know what this means for the long-term strategy. alix: some of the rhetoric was they are still going to do this switch and they have to wind up dealing with jeep. mike manley has no experience when it comes to geopolitical risk of that caliber. that was the rhetoric. marchionne rescue this company from the brink and he is a true visionary. when you have someone like that who is removed from the picture, i

will manley have less weight or power?finitely it's a different face in the room meeting with president trump if there are meetings or meeting with his staff as they're doing nafta negotiations and bear in mind fiat chrysler has a lot at stake in terms of their operations both in mexico and as well as in canada so this is critical for them that the nafta negotiations of which mike manley has been a key figure in working on that. that is important at least if you look in the near term for fiat chrysler. >> we'll leave you with the last word i have one question which goes to smart cars and just the investment in some of this new technology you know, sergio had a specific strategy which was effectively to partner with some of the companies opposed to doing it himself. do you see that changes in the future >> well, chrysler and fiat are going to have to do something in this regard. they already have this partnership with google and driverless cars. but it's kind of small so, look if they can't find the right partnerships, they

you know, mike manley is a brit.s with a different background in terms of just a quieter personality. not that he's not without a forceful personality, and again he's done a masterful job of bringing jeep from 300,000 units to over 2 million units of sales every year so i think there's, you know, incredible potential for mike manley, but it's definitely a difficult time he was one of the top three people that were up for this position it just wasn't supposed to happen until april and of course the tragic passing of sergio was really unforeseen just a couple of days ago. >> we have some steep declined in the auto sector today ford still yet to report rebecca, thank you and thank you to our own phil lebeau >>> separately, glaxosmithkline out with quarterly results beating estimates on both the top and bottom lines announcing a equity investment in 23 and me joining us now is hal barron and richard scheller meg tirrell is also with us this morning. we can talk about the earnings, but i want to talk about this deal real

you want to take the job they knew what they were doing mike manley, can't stress this enough, highlymuch of a workaholic as responsible as sergio marchionne was. not uncommon to hear from executives that mike manley would be holding meetings or sending memos or reaching out to executives on the weekend. so this is somebody who had been preparing for this job certainly did not want to come into it in these circumstances but this is somebody who he's ready for this job by all accounts by everybody that you talk to within fiat chrysler as well as outside of the company that deals with them. >> yeah. in that time -- phil, lebeau, thank you for joining us over the last four years, chrysler fiat stock up ford down. gm shares up about 20% the testament to mr. sergio marchionne's leadership as well as his vision for that company the success of the jeep brand as phil laid out. but there's the headline it's a sad one for the world of business sergio marchionne passed away, 66 years old thoughts to his wife and to his two sons as well >>> back now to the markets. let's bring in joe lavorgne. le

manley, head of the jeep division has been thrust into the limelight.e has been named ceo after sergio march he only step down due to ill health. manley is taking the wheel days before the company publishes results. earned the ted company into a global player over the course of a decade. manley has big shoes to fill and will be facing challenges in the years ahead. in particular, the rise of electric cars. more pursuits, canada is set to legalize cannabis in october. >> it is only the second country. entrepreneurs are racing to get a bite of what could become a multimillion dollar industry. there is a lot to take advantage of, from honeys and cocktails. we could be seeing the first cannabis brewery. >> i can only imagine. thank you very m much for our business roundup. it is time for our press review. we are here for a look at the main stories in the papers. let's start with the chinese president and his african tour. >> it began with senegal on the weekend. he met with the senegalese president with what was the to the countryit in nearly a decade, aimi

with sergio marchionne, expanding jeep sales remember, mike manley has been in charge of that brand, it had tremendous success that's key part of the growth. and then is there a sale or merger in the future sergio marchionne said for months if not the last couple years ultimately needs to be consolidation within the auto industry those are the challenges facing mike manley. we'll hear more thursday that's the first time people expect to hear him make comments about the transition at fiat >> robert frank, what does this mean for the ferrari brand >> this was a huge loss for ferrari. owners, dealers are asking the same question. how will he change the most storied brand in autos and racing stock down 5% after they named him, he is a board member as new ceo. he was chairman of philip morris, credited with expanding sales of marlboro cigarettes and other brands overseas. a lot of people question whether a noncar guy can run ferrari and top ferrari historian appraiser told me ferrari is all about emotion, style, success, drama. buyers want a leader to identify with and true passionate car

he will not be there to hold the hand of mike manley. our afraid oh out of the law is leaving as he was overlooked for the position. leavingdo altavilla is as he was overlooked for the position. technology is doing poorly in europe. rival is picking up 3.4%. this is one of the worst days 2016.os since picking up new consumers in the u.s. and cheaper labor in india. i bring you bonds, what a day for japan, what a day in terms of we might see a movement from the bank. that is what is happening in european bond trading. in -- yield drive higher spain, ireland, france. japanese investors look for yields. these key bond markets. will a change in the boj drive them away from the market and back domestically? vonnie: we will try and answer it eventually. weekend, trade tensions dominated discussions at a g20 summit. end, the top financial chiefs said global growth remain robust but risks have increase. joining us now to discuss this is the global head of asset allocation at janus capital management. when the president of the united states and h

manley.♪ ♪ francine: this is "bloomberg surveillance," from london and new york. theresa may stamping her authority on brexit. she says she is taking control of negotiations with brussels, directing strategy from her office. that after months of tension with the secretary and oliver robins. it reinforces her drive to keep close to the eu after leaving. anding us now, geoffrey yu david. first of all, is it as simple as, she is back in charge and we will get a softer deal? or it is never this easy? >> it is never this easy with brexit. i'm very low to stick my neck out on this. the process has been in that direction, getting a close relationship with the eu. quers, she said this is the offer. everyone fell in line. mr. davis walked through the door. now she has new people. , veryrd from mr. raab much proposing what the government has on the table, the practical solution. the europeans are saying, maybe this is something we can talk about. we heard from the irish foreign minister, from angela me

a couple notes out today, morgan stanley writing we hold mike manley in high regard.has deep experience running fca's two most valuable businesses barclays writing the investment case for margin expansion and eventual strategic options remains intact so as you take a look at shares, which by the way it was down pretty heavily during the day, it has come back a little bit throughout the day remember, mike manley will be talking with analysts on wednesday when the company reports its second quarter earnings that is likely going to be the first time we hear from him about his vision so to speak for fiat chrysler. >> investors are certainly eager to hear it phil, thank you. joining us now to talk about it, former chrysler president. we understand when marchionne took over, you were the executive in charge of the transition tell us about that period and how you feel about the fact that he is no longer going to be ceo. >> well, obviously i'm saddened by that news sergio has done a tremendous job for the country and the industry he really brought business into the auto indus

boss announce that he will be stepping down because of health issues we are also learning that mike manley will be the new man in charge he is fifty four years old used to be in charge of the jeep car brand and according to media reports there is somebody in sight of the company who is very unhappy about this change we are talking about fredo i have to have villar he's the current chrysler european boss and i have been i was a very close aide to march only it was overseeing fears crys the operation across the globe and now we're learning that most likely he's also going to resign because he wanted the job and he's very unhappy he didn't get it. done yoko been fine thank you. china's second largest online retailer jadi dot com is looking to enter the european market c.e.o. richard lui told german business daily hundred splot that he will have a strategy in place by the end of the year that could potentially shake up europe's competitive e-commerce industry. jadi dot com wants to take on amazon and it plans to start with a european market the chinese e-commerce giant is said to be planning t

relinquish his duties at luxury carmaker ferrari where he was chief executive and to be replaced by mike manley head of the group's jeep grand. several japanese beaches have reopened for the first time since the earthquake and tsunami disaster of twenty leben locals held a ceremony to pray for safety before taking to the water fourteen beaches in total remain closed off after the fukushima nuclear accident and officials say some will stay permanently close to the public sweden is grappling to contain wildfires that are spreading across the country in a sign of how bad things are the civil defense chief has come out and said the fight has been lost against some of the biggest wildfires the country has seen in decades firefighters have put out a number of smaller fires but the largest blazes will only go out if the weather changes help is on its way from you countries including germany. it's terribly hot and terribly dry with hardly any rain for weeks across much of northern europe trees brush and grass are tinder dry and sweden has been hard hit it's struggling to contain dozens of forest fires.

this is the main challenge that mike manley has to face to implement and carry out such a plan but the main challenge is the -- one. marchionne was skeptical about -- outspoken against -- in the past three months he changed his ideas and decided to embrace this new technology. by 2021, fiat chrysler models and fleet will be with electric engines. so fiat chrysler is entering a new market stha they're deciding to challenge the best in class by manufacturing maserati, a car capable of reaching 130 meters per hour -- both on the commercial and industrial side the question is whether fiat chrysler is capable of implementing such a plan with the strength and discipline under sergio marchionne's tenure back to you. >> tank you so much. that is live in turin. >> i want a car that goes that fast in two seconds. sounds like a good challenge to tackle >> they announced five-year plan there were questions about i wonder, what does that mean for them coming into the roles. >> it certainly has come to the surprise of investors. we're seeing that reaction in the stock price today. i can think back w

mike manley will be the new ceo of fiat chrysler as sergio marchionne is unable to return to work forlth reasons. we will get to sergio marchionne 's legacy in a moment, but part of that is to continue the work he has been trying to do. dan, what will mike manley have to do to implement all the changes that sergio marchionne was trying to implement? dan: well, he has a lot on his plate right now. clearly, his first test came today, probably surprising management, that thing he has to resolve quickly which is the head of the european operations. altavilla resigned, so he will have to think about replacing him, a veteran executive. he obviously loses someone who had chest in the market. market. in the he will be talking with investors on wednesday, july 25, when they report earnings. sergio marchionne had a special relationship with a lot of investors and analysts. he did lots of conference calls, led those for almost 14 years. so i think that the investors and analysts will be looking for that same sort of dimon is him, that million day with the industry -- familiarity with the industr

manley is not.y with serious earnings call wednesday where he will have to face the media. charles: jeff, real quick, before i let you to, is chrysler still going to be a big part of this company? >> it's a increasingly small are part of the company. charles: right. all about jeep. >> you call it jeep, right? that is where the growth is. growth all over the world. charles: appreciate it. folks, thank you very much. a big day coming up. here to take you for the next hour, trish regan. here she is. trish: thank you so much, charles. president trump issuing a very stern warning to iran today after iran's president says trump's policies could lead to, quote the mother of all wars. president trump firing back saying, quote, you better not threaten the united states again because if you do, you will suffer consequences. all right. we'll talk about that. just a few minutes we do expect to hear more about the president's america first foreign policy that is when we hear from white house press secretary sara

mike manley, a 54-year-old briton, takes over. >> he was expecting to retire from fiat chrysler in aprile months from now. fiat chrysler, there were three top candidates. marley, who was picked. the cfo will stay and work with him. investors were expecting marchionne to leave. this comes as a surprise because marchionne was meant to stay another five years. this is why the reaction is much bigger for ferrari. >> the architect of the fiat chrysler's dramatic turnaround has died. sergio marchionne was 66. he took over in 2004. he spearheaded the purchase of chrysler. he was a bit of a turnaround king. >> he refered to himself several times as the fixer and hit quite a job to do at fiat. rescuing the company, arguably the most important emblem of italian industry for decades. he managed to start this turnaround by extracting about $2 billion from general motors that gave him some financial leverage to start his turnaround plan. from there he took the bet on chrysler, created at that time the world's number seven carmaker. and off he went. >> qualcomm say its ready to abandon its pursuit of

fiat chrysler has a new boss — mike manley. marchionne. here's the view of one analyst on his legacy. he saved fiat and chrysler through taking a strategy that others didn't wa nt to taking a strategy that others didn't want to take. he didn't invest in electrification and technology that others were spending on and focussed on turning around the core business of both companies. these are big issues, arguably in the history of the industry. sergio was due to retire, but this has taken place faster than expected. manly has a big target to hit the targets. it has not helped when senior members of management team are also resigning. but manley has been ceo since 2009 and he is very experienced. there is a reasonable chance he can deliver. he took the view, we don't make money on small ca rs view, we don't make money on small cars in the united states or sedans and the consumer wants cross overs in suv. so he short cycled the dodge dart and focussed on the us market. a new drug which can cure the recurring form of malaria has been

nathan manley of the office of human resources and administration. mr. orourke, you are recognized. >> ranking member, distinguished members of the committee, i'm pleased to be here with nathan manly for the office of human resource administration, and kirk nicholas, executive director of the office of accountability and whistleblower protection. let me get right to the point. retaliation against employees who identify a legitimate problem or report there may be a violation of law, rule, or regulation is absolutely unacceptable. i will not tolerate it. protecting employees from retaliation is a moral obligation of va leaders, statutory obligation and a priority for this department. we will take action to hold accountable those individuals engaged in a whistle blower retaliation, and that includes disciplinary action. i'm confident that the overwelming majority of our employees are here to do the right thing. our best employees own accountability, because they are here to make a positive difference. congress and va leadership spent years addressing accoun

mike manley i know extremely well. very confident. he's a strong leader browning was there. i think he's going to do just fine. obviously he'll have a transitional period to picking up the fiat portion. he knows the chrysler business like the back of his hand. train to earnings in the spotlight as well. >> jenkins about sergio marchionne. workaholic saved chrysler. some terrific and it doesn't demand the bitterly divided 24 hours a day of his life every day of per week every month to saving and revitalizing chrysler. in particular caffeine the jeep grand. one of the quotes in the article is the nationalities do matter to car buyers. he tapped a great potential of the jeep brand. >> when we extracted chrysler in 07, we said seven, we said all of that up again and the team did an effective job in repositioning jeep. the challenger charger. the team did a heckuva job in repositioning. >> what i've read is 80% of the operating profits for fiat chrysler is cheap in the ram 1500. >> this talks about domain name mike manley as the processor. it is a testament to the leadership, the

he has big changes in the company we're learning that mike manley will be the new man in charge he is fifty four years old used to be in charge of the jeep car brand according to media reports there is somebody inside of the company who is very unhappy about this change we're talking about i have three do i have to have vilar he is the current fear and chrysler european was i would have you know was also a very close aide to. overseeing fiat's chrysler operation across the globe he was also considered among other leading candidates to be the one for the dog no we're hearing he's most likely also going to step down here skilling happy that he didn't get the job right so lots of changes that he had chrysler done here cope in frankfurt thank you so much. iraq to now brace yourself to news is getting very very serious now a dangerous situation is brewing germany's breweries are running out of bottles and that means a b. a drink as in germany might be facing dry times. a brewery in both just ask its customers for help they should bring back their empty beer bottles before they go on vacati

he has been succeeded by briton mike manley, head of the italian american firm's jeep division.he year boosted by the world cup and love island. at the same time they defended advertising around the reality tv programme. although chief executive carolyn mccall, told the bbc that a "tiny number" of adverts during love island were "not quite right". and they revelaed plans to launch a netflix style streaming business. and american airlines and cathay pacific have become the latest carriers to change how they refer to taiwan online, bowing to pressure from china. beijing set 25july as a deadline for companies and airlines to remove references to taiwan as anything but a chinese territory on their websites. ‘s taiwan has been self—ruling since 19a9 but china regards it as a breakaway province to be one day reunited. before we go, what are the markets thinking about today? top level talks between the usa and the european union on resolving the trade dispute, that's got the intention of the investors. brent crude oil prices up, following results showing a decline in us crude inventori

the surviving rhinos are being closely watched and further reductions have been suspended or above manley has more. just two weeks after eleven black rhinos were moved to a new reserve in kenya three quarters of them have died early investigations indicate they were poisoned by the high level of salt in the water and then you know we've been doing this for decades moving rhinos in order to manage the populations because they are all isolated you want to prevent any inbreeding but this was a new sanctuary in south east we used to have rhinos there they were all put out and now we're bringing them back to that area so it's a very exciting possibility for kenya but it's ended in tragedy this is actually a national disaster kenya's tourism and wildlife minister has ordered the wildlife service to suspend the relocation of black rhinos while investigations continue. moving rhinos can be a risky process it involves putting endangered animals to sleep for the journey and then reviving them but the loss of so many in one go is unprecedented. in the past twelve years about one hundred fifty rhinos

data is causing added stress for yemeni teenagers who are studying for school exams laura burton manley has this report. it's exam season a stressful time for many but these children and her data a studying in the middle of the biggest battle in yemen's three year war. they have little electricity suffer scorching temperatures and are at risk of being killed on their way to school. and yet many is suffering under very difficult conditions it's hard we have power cuts and as a result many students struggle to study we're nearing the end of the tests but the good news is there's been a large turnout of students that will see a lot of this war has caused huge frustrations for many students only one third of my students are present the other two thirds have fled. about thirty five thousand families have fled who died as war but most internally displaced people are living in such tough conditions many children simply drop out school others have escaped from being recruited by the warring sides. they sent us to sanaa taking the back roads they captured us in a checkpoint they took us into tun

fighting on her day to many yemeni teenagers also have high school exams to contend with laura burton manleyhas. its exam season a stressful time for many but these children and her date or a studying in the middle of the biggest battle in yemen three year war. they have little electricity suffer scorching temperatures and are at risk of being killed on their way to school. and yet many are suffering under very difficult conditions it's hard we have power cuts and as a result many students struggle to study we're nearing the end of the tests but the good news is there's been a large turnout of students. this war has caused huge frustrations for many students only one third of my students are present the other two thirds have left. about thirty five thousand families have fled who died with war but most internally displaced people are living in such tough conditions many children simply drop out school others have escaped from being recruited by the warring sides so. they sent us to sanaa taking the back roads they captured us in a checkpoint they took us into tunnels and asked us to stay the

major victory for president bashar al assad whose forces have retaken much of the south floor but manley reports a month of intense government bombardment from southwest syria and the devastation it's clear. the military offensive started by government forces backed by the russian ally a trying to recapture dura in the neighboring province of can a drum surrendering control of droste city one of the last remaining rebel strongholds would be a major defeat for the opposition. the birthplace of the syrian uprising seven years ago from where protests against regime's torture of teenagers spread nationwide. in some areas near syria's border with the israeli occupied golan heights government bombs have been replaced by passes in deal struck last month between the syrian government and rebel fighters anyone who refuses to live under the rule of president bashar assad so we move to the eclipse province in the north the displaced populations which i think this time it's around two hundred thousand people are unfortunately going to face the same. of. the same conditions faced by other communities

briton mike manley, head of the firm's jeep division.ince 19a9 but china regards it as a breakaway province to be one day reunited. so no great for kit kat? we have been talking about this all afternoon. nestle who make kit kat, they have been fighting to trademark the shape. back in 2002, they applied for a trademark with the shape of the bar when it had the kit kat logo on it, that's fine, they got that, also the show to the bar when it did not have kit kat written on it and they called it the four couples are little bars aligned on a rectangle of those. this is important, all about the shape of it. that is the legal term. initially you're as trademark accepted it, unsurprisingly lots of other chocolate companies who have similar shaped this is not fair, you can't trademark the shape of it. there has been a back and forth, various court rulings, various appeals. it has culminated with the european court ofjustice, they culminated with the european court of justice, they have culminated with the european court ofjustice, they have throw

let's discuss this further joining us is matt manley, the equity strategist over at miller taback matt, we talk about all of this happening. the nato summit, trade in tariffs, brexit taking another kind of hurdle for theresa may and her cabinets what exactly is the market not getting? why is it not reacting to what's happening geo politically and political politically? >> part of it has to do with the fact that here domestically we've had great earnings growth. people are expecting another one in the 20% range gdp growth poor people and expecting it to be 4% or higher. however, i do worry. some of the things that you've mentioned are definitely things that could create common point for it everybody is focusing a lot on the trade issue. there are other issues as well we're seeing, first of all, what the fed thinks they're shrinking a balance sheet. we see what's going on in emerging markets which are deep in correction territory. same with the european banks china's already in bear market territory. i guess my point is we've already seen people say geez, the u.s. market something going

gerri: brings to mind michael manley the fella taking his place. we know him as the head of jeep.> that's a big question at the moment. i think investors are still absorbing the news. the big question is whether or not they will delay the announcement put in some form of succession plan. with respect to the management progression from here. the next 24 hours, 40 hour should be a better idea. >> will they delay their earnings out of respect for sergio. thank you for being with us this morning. >> now over to maria bartiromo for mornings with maria. good morning to you. >> kader, ladies. import reaction. i maria bartiromo and happy wednesday. your top stories right now 6:00 a.m. on the east coast. breaking news this morning. fiat chrysler, former ceo of sergio marchionne has died yet he was a place over the weekend amid complication from a recent shoulder surgery. this morning will be one of the biggest so far for second-quarter earnings. boeing, coca-cola put it ahead of the open this morning. facebook will drive the action in import markets tomorrow. meanwhile, rising trade tensio

fiat chrysler, difficult start for mike manley.y also cited issues in china as one of the reasons. >> right. chrysler and ford are in a tough position. chinese brands have actually taken off in that market. that was not the case for a long time. you saw international carmakers were having a heck of a time in that market year after year. they could count on massive growth. gm, you see a little bit insulated because they have a local chinese budget brand. even they have had a hard time with the buick brand and chevrolet with the rise of domestic chinese brands. it is surprising to see fiat chrysler have trouble with the jeep brand in that market. jeepare very hot there and push inly making a china and has run into resistance. the new compass has not been received well. they have talked about not hitting the mark with their marketing. the trade all down to tariffs. thank you for that, craig trudell in detroit. guidance outnting of the automakers. facebook faltering. is this a turning point for the social network? is it an overreaction

. >> mike manley who runs the division of fiat chrysler has just been named the new ceo. replacing automotive legend sergio marconi who is suffering from complications following the recent shoulder surgery. he steps into the new world a full plate late catching up their brand with new electric and self turning technologies. also the effects of the trump administration's tariffs. cheryl: he's been an amazing later that company. tesla asking for cash. >> "the wall street journal" reported in tesla has asked the players to return part of what they paid them since 2016 including password printed journal reviewed a memo sent to a supplier for refunds to help it reach profitability. they declined to comment on the menu but told the journal wants price reductions on some projects including several dating back to 2016 and some which haven't been completed. >> that is something you don't see very often where suppliers and manufacturers have a very close relationship pretty much shocking to most everybody. but you have some movie news. >> we do have a new box office winner. new rec

attention will be on the new ceo mike manley. tuned, an exclusive interview with the wto director general, robert azevedo. and also we'll have an interview with the telecom italia ceo tomorrow i'm nancy hungerford, "worldwide exchange" is coming up next. are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> it's 5:00 a.m. here, 11:00 a.m. in germany. europe breathing a sigh of relief as its biggest bank reports better than expected results. >>> facebook's top lawyer calling it quits. >>> president trump striking a downbeat town ahead of a crucial meeting with the e ushg today. >>> millions across the east under a flood watch, record highs temperatures scorch the southwest. >>> and we have a winner one lucky person likely to be calling out sick t

ahead of the upcoming summit and athe nato summit, unprecedented attacks on our closest ally and the manley city of the president's tea with the queen overshadowed by the presence of thousands of protesters. chuck todd is nbc's new political director and also the moderator of "meet the press." let start with the putin summit and the -- and the interesting timing of these indictments in the russianvestigation. a lot of pressure, a lot of questions. le want to think that the president should cancel the summit. >> i just got finished with an interview with -- talked to both former cia director and attorney general coleman and asked them about the timing of this, obviously not a coincidence. both of them believe this is the justice department basically saying, wanting to make sur that this is in the public record, put more pressure on putin andur make that the president has the evidence he needs to confront putin if heto chooseo so, but history -- the history, it's interest, you know, when edward snowden got offered asylum in russia after the dustup of allhe stolen material, intelligence materi

manley. we started a program in 2016. we have been going over what we need to make it more robust program. are there needs for more training? we have a strong policy. we have done strong updates to our handbook. at the prompting of the oc, although they like what they saw they gave us suggestions which were implemented an hour handbook. strictlyrt training with an active component by employees? are they engaged with the trainer? trainerve a train the program so we can do in person training. >> i think it is much more effective in person. we have also tried to make changes here on capitol hill. sorry, my time is up but knowing this is from the top-down down and there is a policy of dealt tolerance. i apologize to the chair, i yield back. >> med behavior is bad behavior. ofcan very to the amount categories. but the reporting system in this case needs to be standardized. if we do not have a standardized way of reporting all the way up the chain, you will have variances. we went to standardize outcomes. if you've done somethi

but in terms of challenges, what are the challenges facing manley and fiat chrysler?of turbulence. not just for mike, but for everybody else. obviously, there's a lot of rumbling around the trade war, and mike's going to have to deal with that, and the investors will likely asking to address that. a bigope, emissions is topic especially with the volkswagen diesel scandal a few years ago. that leads to the electrification of vehicles, to long-term plans for fiat chrysler. fiat chrysler has been less aggressive compared to the other automakers in that area, so what is mike going to do to take this company forward over the next few years as it relates to electrification of vehicles? david: in terms of the focus on which business segment geographically might be most in focus in terms of plans, is it north america? steve: it will be a combination of north america and definitely china. jeep has been doing well in china. they started localizing more vehicle production in china, so we are looking to see more things from that business. that also brings up an interesting point.

>> manley. irene manley. 1406, lee jackson memorial highway. >> hi.m "the washington post." we'd like to speak to you. we understand your daughter works for the committee to re-elect. it wouldn't be anything embarrassing. would you object to just -- >> yes. miss milland? >> yes. >> i'm bob woodward. >> i'm carl bernstein. we're from "the washington post." >> i know you're trying to do your job. you don't understand the pressure we're under. >> no, we understand that there was some documents that were shredded at the committee. >> well, they -- there's often shredding. we do that a lot. >> were you there during the shredding? >> yes, i was. >> were there any department heads from the committee who were also present? >> yes. mr. mitchell came in one night. >> john mitchell? >> yes. >> the attorney general. >> he was caring a raincoat over his head, you know, because it was -- i thought he was going to go -- woo-hoo. >> did he supervise the shredding? >> can i not answer any more questions? i'd just soon as not. maybe i could call you. >> are you being t

mike manley joined chrysler well before fiat owned them in the year 2000 and has led the jeep brand since 2009 when chrysler exited bankruptcy through the fiat deal. shares fell nearly 3% in trading and now are down about 2% today and at the moment down about 41 pennies too much $81. fiat chrysler is not the only one making headlines. tesla taking a temple on news the electric vehicle makers asking some suppliers for partial refunds on payments going on the way back to 2016. that sounds strange and is also disturbing for shareholders that say wait a minute, is it really that bad and according to a memo reviewed by the "wall street journal" tesla asking for cash back that it already played-- paid some of its sorcerers to help become profitable. the question is considered essential to the vehicle makers continued operation. a spokesperson for tesla put out a statement saying the company asked few with antenna suppliers for reduction in capital expenditures spending for long-term projects so the company is focused on pretty much reaching more sustainable long-term cost basis. either way, sha

twenty alba's it tugs at a story center for votes cast in last month's general election seduce me manley recounted in the coming days that follows a supreme court ruling that votes by certain group including kurdish peshmerga fighters should not be excluded from the results previously deemed invalid cause a large kurdish population or the leading kurdish political parties has called for a full rather than partial recount akhmed rushdie is director of the house of iraqi expertise foundation a resident of baghdad and he joins us live from amman in jordan you've got this partial recount chew to start on choose day do you think it's going to come up with a very different result. well actually laura will make some sort of different results especially in kurdistan encourage cook in number and also a name because all those provinces actually suffered from. a long long period of of the most haitians against the results because it shows the choices that there are major for a great help in special interest groups and also in solo money beyond hope now the recount will have to it will happen in tue

park the surviving rhinos are on the watch and further relocations have been suspended lower burden manley reports just two weeks after eleven black rhinos were moved to a new reserve in kenya three quarters of them have died. early investigations indicate they were poisoned by the high level of salt in the water in their new home we have been doing this for decades moving rhinos in order to manage the populations because they are all isolated you want to prevent any inbreeding but this was a new sanctuary in south east we used to have rhinos there they were kicked out and now we're bringing them back to that area so it's a very exciting fos ability for kenya but it's ended in tragedy this is actually a national disaster kenya's tourism and wildlife minister has ordered the wildlife service to suspend the relocation of black rhinos while investigations continue. moving rhinos can be a risky process it involves putting endangered animals to sleep for the journey and the reviving them but the loss of so many in one go is unprecedented. in the past twelve years about one hundred fifty rhinos

share price off the company was really tumbling throughout the day and now we are learning that mike manley will be the new man in charge he's fifty four years old used to be in charge of the car brand but that's not the only big news coming from today also i have three two i'll have villa he is the current european field boss he has announced that he will because he will be stepping down as well he was very close to marchione also a possible top candidate for the job it seems that he is very frustrated that he was not chosen and because of that he is now also resigning. frankfurt thank you so. china's second largest online retailer j. d. dot com is looking to enter the european market c.e.o. richard lui told german business daily hundred plus that he will have a strategy in place by the end of the year that could potentially shake up europe's competitive e-commerce industry. jadi dot com wants to take on amazon and it plans to start with a european market the chinese e-commerce giant is said to be planning to build logistic centers in germany and france as part of a strategy to help it sel

that deal follows intense fighting in the southern provinces of connecticut and laura burton manley has more a month of intense government bombardments in southwest syria and the devastation is clear the military offensive started by government forces backed by russia have recaptured dura in the neighboring province of canapes surrendering control of tourist city is a major defeat for the opposition. drop the birthplace of the syrian uprising seven years ago from where protests against regimes torture of teenagers spread nationwide. i in some areas near syria's border with the israeli occupied golan heights government bombs have been replaced by passes in deal struck last month between the syrian government and rebel fighters anyone who refuses to live under the rule of president bashar assad so we move to the italy province in the north the displaced populations which i think this time it's around two hundred thousand people are unfortunately going to face the same. the same conditions faced by other communities who have left. and in homs before and most likely to be taken to. dozens o

manley is a strong player. he has the same work ethic.vehicle he touched has worked. stuart: you're on tape. you're on record. it will be played back endlessly to you. thanks for being with us, keith. good stuff indeed. >> thank you, stuart. stuart: see you soon. a big hour coming up for you this monday. president trump threatening iran's president hassan rouhani, warning consequences few ever suffered before if he has war talk with america again. walid phares advised president on foreign policy. would he have advised president trump to tweet in the extreme manner that he did tweet? he is with us in a moment. >>> alexandria ocasio-cortez on the road with bernie sanders this weekend. socialists are splitting the democrat party. later this hour we'll speak with doug schoen, a reasonable democrat. let's see what he says about the socialists. >>> the nfl delaying enforcement of the new anthem policy president trump calling out commissioner goodell. later this hour we'll talk with former super bowl champ burgess owens. you're watching second h