>> bisi, we heard mary barra in the package there, is it likely that any other executives will be taken to stand to testify about what they knew and when they knew it? >> del, i'm told it's very likely that ceo mary barra will be called to the stand as well as other executives. it's important to note that this trial is expected to last a month. the five remaining bell weather trials will take place over the course of this year. >> bisi onile-ere outside of the courthouse in new york. thank you very much. as many as 60 schools in detroit are closed this morning part of an organized teacher sick-out. the former strike is an effort by the treachers to show their frustration with the ongoing problems in that district. a group that calls itself "a group strikes to win" who say that they're unhappy with their pay and other schools closed friday because of similar sick sick-outs. >>> and ten california teachers are now suing the state's teachers association. they are argue that they shouldn't have to pay do yous to that union which bargains on behalf of all california public teachers. the grou

named mary barra was just chairman of the board. what do you make of that?uest: that is great news obviously and a statement about where the company is and a statement about her strong leadership over the last couple of years. emily: what specifically would you point to? guest: i think that we are here making the announcement and the fact that we are looking forward to the future of mobility and how that is changing and we want to be at the forefront of that instead of letting that happen away from us. we see more change in the next five years than the last 15. as you model out your 2016, what are your top priorities? what cities, what strategies are we going to see in 2016? we think about the business is we want to attract new users, drivers and passengers but expand the cases for existing users. the first time you use the service, maybe you are going out and having a drink. then you try it for your commute and care how affordable it is. now we have people using it between 80 and 100 times a month. we will be attracting new users and building products to in

bill gates will be there, as will mary barra, satya nadella, jack ma, eric schmidt, sheryl sandberg and dozens of other c-e-o's. presidents barack obama and vladimir putin will not be attending. tim: crude oil prices dive below 29- dollars a barrel. it's the first time that has happened since 2003. investors are bracing for iran's return to global oil markets. wi sanctions now lifted the opec member- nation will begin exporting oil. iran is expected to quickly boost oil exports by 500-thousand barrels per day immediately, and it could reach one million barrels per day within a year jenna: here in siouxland, poultry farms are starting to bounce back after the bird flu caused huges nebraska. now, farmers in indiana are getting concerned because they have recently seen an outbreak of a new strain of the avian flu in their flocks. we get more tonight from dennis ting. " "the campus of vincennes university in jasper... turned into a command post... working to combat a dangerous disease... for turkeys. tammy humbert-- "i would not classify this as an outbreak. i think right now we're at a pro

mary barra is chairman. berra took over as ceo just two years ago, becoming the first woman to lead a major global automaker. the 54-year-old started her career at gm at the age of 18. now ceo, she steered gm through a crisis of defective cars and pressure from activist hedge funds for increased stock buy backs. >> stock markets are poised to recover from yesterday's selloff. it was the biggest drop on a first day of trading year for the dow jones industrial average in eight years. both the dow and the s&p 500 were off about 1.5%. abc's rebecca jarvis has more. >> reporter: it was bad but it could have been so much worse. it started with a sharp selloff in china, very weak matching data indicating the world's second largest economy is slowing, the fears here there could be a ripple effect on the economy in the united states and around the world. second oil prices have been tanking since last year even, and now there are big concerns about what that means for the energy space. jobs here in the united states.

mary barra defended the decision to keep production in china rather than bring it to the u.s. >> there we sell, and so that is the general strategy. it was anse, economical tool to do it exceptionally well in china. michelle: how many cars do you intend to sell in the u.s. compared to how many you sell in china? >> china will be much more significant. michelle: for many here in the birthplace of america's car industry, it's a slap in the face. would you buy a chinese-made car? >> probably not. michelle: what if it is general motors? >> general motors is shipping the cheap cars from china to detroit. that is not right. they never should've been bailed out. >> chinese made? i don't see a problem. michelle: what is remarkable is that china is capable of building a car that could compete alongside those built here in motor city. the question is, how will that fit with americans, especially right here in the cradle of the u.s. auto industry? michelle fleury, bbc news in detroit. katty: joaquin guzman on, the infamous mexican drug lord, will be extradited to the u.s. to face trial, but exp

ceo mary barra and other executives that had been deposed in that the jurors will likely hear those depositions. it's important to note that those patrols are expected to last for about a month and the remaining trials will take place over the course of the year. >> bisi onile-ere joining us from new york. bisi, thank you very much. >>> the white house said it is closely watching a water contamination crisis unfolding in flint, michigan. three fema officials now being sent there at the state's request. governor rick snyder declared a state of emergency there as to toxic levels of lady has been found in its drinking water. >>> as many as 60 schools in detroit are closed as part of an organized teacher sick out. the informal strike is an effort by the teachers to show their ongoing yo frustrations with the problems in the district. twthe supreme court hearing arguments in a case that could effect the future of public unions. ten california teachers suing the state's teachers association. they argue that they should not have to pay do yous to the union which bargains on behalf of all california pu

. >> the improved outlook comes two years after mary barra took over as ceo. shares of general motors rose today in the overall down market. >>> well, from one general to another, general electric, a longtime resident of fairfield, connecticut, and one of the nation's largest businesses, of course, will move its headquarters to boston. and the city's fast-growing south boston waterfront. state and local government officials offered the conglomerate $145 million in incentives to make the move, which will likely have little effect on the majority of its global workforce. following the announcement, connecticut's governor expressed his frustration. >> of course, i'm disappointed. i know many in connecticut share the disappointment and frustration. today's decision is a clear signal that connecticut must continue to adapt a changing business climate, actually, a subject that the president touched on extensively in his speech last night. so, i say continue, because connecticut is already in the process of changing dramatically. >> according to cnbc's top states for

the ceo of the nation's largest automaker, mary barra, will take on the additional role of board chairmanchange is effective immediately. the move considered a vote of confidence in her leadership of the economy. >>> and good news for drivers. gas prices will remain low this year. in fact, aaa is predicting that the price you pay at the pump may be even lower than last year. the organization says the average price of a gallon of regular unleaded will cost between $2.25 and $2.45. that compares to an average of $2.40 in 2015. >>> the new year kicks off with a reported health care deal, and that is where we begin tonight's market focus. according to bloomberg, shire is in advance talks to acquire becksalta for about $32 billion in cash and stock. reports say the two companies could announce a deal as soon as this week, though final details are still being discussed. shares of backsalta rose more than 5% to 41.17. shire down 3%, as you see there. >>> shares of two gun makers rose today as president obama considers an executive action on gun control. the president met today with attorney gene

mary barra becomes chairman at general motors.he automaker is investing $500 ft, the ridesharing started that competes against uber. justice isent of suing volkswagen over admissions cheating software founded more than six thousand vehicles sold in the u.s.. the civil complaint alleges that the german automaker illegally makeall the software to these religions pass emissions standards. they could still face separate criminal charges. they are cooperating with legislators. delaying thes reopening of its new york location, because of health violations. include failing to properly hydrate food. that is your bloomberg business flash update. kicking off 2016 deeply in the red. the dow having its worst opening day in 84 years, when the country was in the midst of a great depression. is this the beginning of a massive stock selloff? the beginning of a bear market? we now speak with a notorious inl, who called for 20,000 2012. he is the chief investment officer at bernstein private wealth management. couple of years ago, you said we could

general motors c-e-o mary barra is now adding "chairman of the board of directors" to her title. title.the u-s automaker's board says it unanimously chairman.she replaces outgoing chairman theodore solso.barra has served as g-m's c-e-o for almost two years.she began her career with g-m in 19-80. and g-m is making a half- a-million-dollar investment in ride-hailing company lyft. lyft.as part of the big investment -- g-m will work to develop an on-demand network for self-driving cars.the companies will also set up short-term car rental hubs across the u-s.at the hubs -- people who don't own cars can pick up a car so they can work as lyft drivers.as part of the investment -- g-m's president will become a lyft board member. the state of new york wants to help recent college graduates with their student loans.. loans..the state has launched a loan forgiveness program called "get on your feet".the program would pay up to two years of student loan bills for those struggling to pay down their debt.to be eligible, you must live in new york state, earn less than 50- thousand dollars a year

mary barra knows there are a lot of concerns.e's what she said about the outlook in china. >> last year when the team saw the volatility and the changes coming, they quickly looked at how to optimize revenue. it will be across the board. there are many enablers we can seize from a china perspective. >> that's the story with general motors. new let's talk about ford. shares of ford under pressure today. the company yesterday afternoon issuing a special one-time $1 billion dividend. that supplemental dividend comes out to 25 cents a share. be i the way, it's 2016, profit outlook, expected to come in the high end between 10 and $11 billion. guys, the reason the shares are under pressure today is because some analysts looked at that said that's nice. we should point out we seen a couple analyst notes saying hold on. don't get ahead of ourselves. nonetheless, shares are under pressure today. definitely the tale of two auto makers going in different directions this morning. back to you. >> all right. thank you very much. our phil lebea

mary barra made history as the auto industry first female ceo.he is believed to be the first female chairperson of an automaker. interesting. >>> "star wars: the force awakens" will not stop setting records, that's right, that's a good thing! raked in $88.3 million, over the weekend topping box office for the third week. it has become second highest earner of all time with $740.3 million in 19 days. that is amazing. top movie of all time "avatar," took 72 days to reach to 700 million mark. "star wars" did that in 16 days t was awesome! i've seen it twice! time is now to play power pool. the lottery jackpot climbing to $400 million. powerball estimates the odds of winning one of the biggest earnings of all time are about one in 300 million. good luck. david. david: from powerball to football the quarterback controversy in denver taken yet another turn. midway through the broncos chargers game, peyton manning stepped in after a six-week absence coming in for the struggling brock osweiler. manning led us to a win and number one seed in the afc. join

ceo mary barra at general motors, a good example of that. she's one of those fortune 500 ceos.e the give and take is going to be, what this is going to cost women. this friedman study that was done using wharton business school graduates in 2012 showed that 42% of the graduating class there said they intended to have children. back in 1992, 80% of those women said they intended to have children. so are women seeing that they have to give up having families in order to thrive in the business world? >> what do you think? kennedy: i think they're making that compromise, i really do. not to speak for you, but i think at that age, yeah, when you're graduating business school, you're conceivably in your late 20s, you probably had some business experience before college, and you're thinkiing yes, if i have to forgo that, and medical technology has allowed people to put off the reproductive process until years later. if you're in your mid 40s and you decide you want to have a kid, you can pull the trigger in. harris: i think it's what it really looks like -- kennedy: not every woman is

mary barra is chairman as well as ceo of the company.t woman to lead a major automaker in january of 2014. samsung is showing off a supersmart refrigerator. that a 21-inch screen shows recipes and orders takeout. why do you even need a fridge? tom: that is the most important thing you have learned on "bloomberg surveillance" today. let's do better with a single best chart. michael purves with a victory sdxy.n asia the down we go with weaker asian currencies. we come back over. are we going back to the trendline? are we going to take asia dxy back down to that weakness? the answer comes down to china. 41% of that. the other currencies are heavily tied to the economic radius of china. the china economic data is the giant unknown, and it is an unknown that our fed and the ecb does not have the ability to backstop. is it the data, or the reaction? we got some pmi's over the weekend, and they were not disastrous but it was showing signs that it is bottoming and the chinese getting --sort of has sort of gotten a new stability. services makette

mary barra. this case is expected to last about a month.maining bellwether trials will take course over the course of this year. >> bisi onile-ere, thank you very much. >>> it will be months before the trial for the one of the baltimore police officers accused in the death of freddie gray gets underway. jury selection in the trial of van driver goodson was supposed to begin monday but an appeals court delayed proceedings while it considers whether another baltimore police officer, william porter, can be forced to testify. >> officer porter is the only state's witness that connects the dots, that proves that officer goodson was aware that freddie gray needed emergency medical assistance, so, without officer porter testifying, the state may not be able to prove that good sunni was aware that freddie gray needed emergency medical help. >> porter also faces charges in the case, his first trial ended in a hung jury last month. trials for the other four officers are expected within the next few months. >>> new york fans of detail lip fantasy site

. >> e.o., mary barra, will she survive?she would be stepping down now if she hasn't already stepped down. >> g.m. has already paid out $600 million. are they going to be asked to pay more? >> i think very easily they could be asked to pay more. it depends on the punitive damages. it is much more than compensatory damages. those payments were mostly for compensatory purposes. punitive damages, again is for the company to feel the pinch and g.m. is a big company, so they're going to be looking at their assets and what they will feel. that's for each case going forward. it's not just a one time thing. >> it used to be said that when g.m. caught a cold, the rest of the world caught the flu. how closely are other automakers watching? >> i think everyone is going to be watching what happens in these bellwhether case. >> there was that time less than a decade ago when g.m. and the other big three came to washington saying we need a bailout. does the fact that these companies almost fded pay any role in whether or not the public gi

general motors elevating ceo mary barra to chairman on the same day they announced a big investment in lyft. tesla falling after the company met the low end of its delivery target. we have a top auto analyst on both coming up. >>> much to get to. let's start with full team coverage of this selloff today, seema mody is at cnbc global headquarters covering china's route, where today's events all began. bob pisani is with us on the floor of the stock exchange, bertha coombs is at the nasdaq. let's do this chronologically and start with that selloff overnight. >> absolutely. it started with disappointing data, chinese manufacturing contracted for the tenth straight month, escalating fears over the health of the world's second largest economy suggesting to some that the proactive approach used by the chinese central bank has been ineffective in kick starting growth and leaders will have to fine tune their macro economic policies going forward. investors are also worried about a ban that is going to be lifted on large shareholders that was introduced last summer at the height of china's mark

gm ceo mary barra and sheyrl sandberg. i got a chance to catch up with them as part of the collaboration with facebook. it features conversation of a wide range of influential thinkers that might not otherwise share the same stage. >> we're optimists about technology. technology has come with challenges but improved lives and life styles and health and education for billions of people around the world and we think that trajectory will continue. >> what do you say to someone like elon musk worried about what could happen with ai down the road if machines take over at some point. do we ever worry about that? >> every new technology comes with challenging. one of my favorite stories is in the u.k. they passed a law saying in order to operate a motor vehicle you needed two people. one behind the wheel and one walking in front of the car with a red flag. >> i never heard that. >> there's another one, in california when caller i.d. came out they tried to pass a law prohibiting it on the grounds of privacy. they thought it was a

mary barra, you're well aware of her. it just came out with a nine-page report it's on the web.d that. it puts everything in perspective about flint. the current crisis, the history, the demography of flint. the questions of when the alleged poisoning, if that's the word we want to use, have occurred in flint. and what's being done to rectify it. people have got to stop pointing fingers ablame. and assigning culpability to public figures and concentrate on solving the problem. >> well, i'm with you on that. i think there's way too much energy on the politicizing of it because that's easier. frankly, it's easier for politicians to deal with even if it's pointing the fingers at them than fixing it. i'm with you that. you get an amen. gm stopped used the water because it was rusting their parts. and they got put on a different water line while the rest of the population was told was safe. what do you say to those families as a forerepresentative who is saying my kid's been poisoned. my water, i can feel it, i can see it, i can taste it. you're telling them they're wrong? >> i'm not

be in davos, switzerland, it is a who's who in power, and we got jpmorgan, coca-cola, and gm's mary barrarandall stevenson from at&t, and cisco's chuck robins. can't think of a better time to talk to all the leaders. we are live from the world economic forum wednesday. a lot s you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. iall across the state belthe economy is growing,day. with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in the hudson valley, with world class biotech. and on long island, where great universities are creating next generation technologies. let us help grow your company's tomorrow, today at business.ny.gov >>> welcome back, everybody. we've been watching the futures, and this is more of the same of

and mutar kent from coca-cola, and mary barra, at&t, and hp, and cisco's chuck robins, and a number ofvesting world. larry fink from blackrock, and on the other side, ray dalio joining us. a lot to talk about where the market is going, what it means, and also, a number of geopolitical issues. north korea, which was invited here for the first time in 18 years, they got their invitation, and then got disinvited in the beginning of january. that's become a bit of a scuffle here in terms of bringing the global community together, but, apparently, a number of the members of the community including the united states, and david cameron's here, would not necessarily be here if north korea would be here as well. a lot of to talk about and bringing that to you throughout the rest of the week, michelle. >> i guess that's something they don't like about bragging about hydrogen bombs, amazing. thank you, adrew. will be great. see you tomorrow. >> thank you. >>> coming up, gas prices below a buck. how about 50 cents a gallon? find out where you can fill up for that cheap. up next. as we head to brea