liz: here's mary barra. let's listen in. >> it was good for me to be able to go through everything that is going on as i said, our focus is on the workers. we made the announcement when we did to give them the maximum opportunity for other opportunities we have within the company. we are now working to make sure especially for our represented work force, we have a plant for every part and there's other services we provide to our salaried work force that is part of the transition that we are making. the industry is transforming. it's important for general motors to make necessary but incredibly difficult changes to make sure that we can be in a leadership position, so general motors is strong to provide jobs, provide manufacturing and provide leadership in the transportation industry as we move forward. again, appreciate your time. thank you. reporter: why did you use the taxpayer bailout? are you holding up your end of the bargain? >> in 2009, general motors invested $26 billion in the united states. quite a

are you going to ask mary barra to cut her salary instead of laying off thousands of workers? >> well, i don't know if i will go that far. i will ask them to reverse course and keep the workers on the job. if they invest in the american worker they will get paid back. that's the message i want to deliver to them. liz: congressman dan kildee, let us know how it goes. thank you very much. just over at the white house not far from capitol hill, trade negotiators are probably saying told you so after the chinese finally broke their silence to confirm several of the agreements team trump had said were struck during the g20 talks this past saturday. let me get to fox business's blake burman at the white house. they did come through and confirm some of what president trump and larry kudlow and robert lighthizer said had been dealt with. reporter: right. some of the items you will remember after the dinner that took place on saturday night between president trump and president xi of china, there had been a whole lot of comparative analysis back and forth. the u.s. statement, what did

ceo mary barra making the case on capitol hill for jobs. and we're live in texas as president george h.w. bush heads to his final resting place. why texas governor greg abbott made texas so much more. he's here and "your world" starts right now. >> welcome. i'm charles payne in for neil cavuto. fox on top, a russia president vladimir putin putting the world on edge. jennifer griffin is at the pentagon with the latest. jennifer? >> it's ironic that vladimir putin who has spent his entire presidency trying to resurrect the cold war would threaten to restart a nuclear arms race on the day that the american president that did all he could to not humiliate the russians in the rocky period after the cold war ended was being honored. putin said if the u.s. pulls out of the inf treaty and develops intermediate treaty, russia will do the same. he said the pentagon budgeted for new shorter range nukes. >> their next step is to see who they can put the blame on. the simplest explanation that western people used to is this is russia's fault. it's not t

mary barra, talking to reporters. listen. >> anytime we make decisions they are incredibly difficult because they impact the lives of general motors team members. our focus is on all of them. we're working to have a plan for every person of opportunities we have across the country for them to be able to transfer or consider. >> what if they want to stay in the places, what about my friend and family? >> use those plants for your new production line? >> what about this -- >> sir, we're asking questions on behalf of taxpayer. she is not able to answer. would you consider using plants for new production lines? >> we have many plants across the country. in fact we are launching five major new products next year of plants in the united states. one of the things we're working on, try to increase capacity utilization of each plants, to be efficient. that allows to us invest more in the company. these plants are unallocated. we'll work with our uaw partners to work through that process. as i said it is incredibly difficult to

general motors' ceo mary barra on capitol hill meeting with ohio congressmen under pressure for announcingns to close plants in the state the, this meeting following one with ohio senators. edward lawrence is standing by with all the details. what do we know about what was discussed? >> reporter: david, i can tell you nothing unifies both republicans and democrats like job cuts. gm has announced 15,000 jobs cut as well as four plants in the united states cut and one plant in canada. i can tell you that the two senators -- senator rob portman and senator sherrod brown -- pushed mary barra to try and get her to reverse her decision or at least try and maneuver her or in order to make those plants or at least the plant in ohio still workable and usable. now, i asked mary barra specifically about the president's comments, because the president also has spoken out against gm. i asked her if the president cutting the subsidies made her nervous at all, she ended up saying she was defending her company when she made her answer. listen. >> you know, right now we are in an industry that is transform

this comes ahead of general motors ceo mary barra heading to capitol hill tomorrow.interesting time. the company announced as you may remember, massive layoffs and plant closures in the state. connell spoke to senator rob portman earlier on fbn. this is about the meeting with barra tomorrow. let's listen. >> bring in another product that can be made this specifically, general motors is making over 20 new electric vehicles over the next five years. connell: do you have any reason to believe she might be willing to bend on that? that you might be able to make progress on that front? >> we'll see, we'll see. as she told me she is es hesitant to raise expectations that can't be met. she said she will keep an open mind. that is it what i've been counting on. cheryl: morgan, gary, are back with us. i have to correct myself, markets are closed tomorrow in honor of george h.w. bush national day of morning. apology to the our viewers about that. gary, this will be an interesting meeting with mary barra with the two ohio senators. how much power and sway will they have with a

jason: will we see mary barra back on capitol hill?-i think mary understood and by the way, it's not just general motors. all of the companies, i spoke to the industry the night before to all the companies and told them that everybody after 2008 and and theyauto fatigue had avoided capitol hill to some extent and legislators did not want to talk about it. there are a lot of critical issues impacting the industry and we need to see all of them on the hill, relationships matter. legislators need to visit the plants and suppliers so that we are educated on what those issues are so that we are making smart decisions. jason: congresswoman debbie zynga joining us from just outside of detroit. thank you. we are following the markets on another down day. let's take a quick look, there's a lot of red on the screen. all of the majors are down more than 1%. the nasdaq down to tsipras -- at 2%. it looks like traders on investors minds. this is bloomberg. ♪ jason: you are watching balance of power on bloomberg television. i am jason kelly. let's ge

gm's ceo mary barra met again with lawmakers today.o upset with gm's tax breaks in light of their plant closures. let's bring in warren davidson. good to see you, sir. people are upset gm keeps coming with tin cup in hand and getting federal bailout and state bailouts. ohio gave gm a ton of tax breaks, now the factories are closing. >> it's disappointing. prior to that for 15 years i was in manufacturing. when i talk about the intersection of big tech and automotive, they are more closely connected than you would imagine. when mary barra came and talked to the delegation, one of the point i wanted to make is the good news is, unlike '08-'09, the economy is strong. i arounded to drive our economic development folks up to the plant for a job fair. liz: i have been watching gm for years. i have been doing business journalism for three decade. i was writing about gm for a long time. ohio in 2008 gave state income tax breaks to gm saying you don't have to pay 75% of your income taxes to the state of ohio for the next 15 years. should electe

. >>> in just a few hours, general motors' ceo mary barra will be on the hot seat c initol hill for a second day. just weeks ago, she announcedny the com will close four plants in the u.s. that possibly includes its maryland plant. much for live from capitol hill in a few moments. >>> a man in montgomery county opened a box and got quitehe surprise. he says stacks of other people's medical records were in a box of shirts he ordered from joseph a. bank. the records contain sensitive information that only a doctor should see. the records appear to be from the maryland physicians care manage care organization. >>> a comny wants to build the biggest solar farm on the ent coastspotsylvania county. proponents argue it will be good for spotsylvania county. opponents say it will crush property values and deplete the water supply. thear 6,000-acre would be located on three sites in western spotsylvania. right now the planning commission isreviewing the project. it will go in front of supervisors next march. >>> montgomery county wants to increase its a budget ut $55 million, all part of a prop

could mary barra say congress, i need help, we can't sell these cars at a profit, maybe if there weretion, already we are talking about incentivizing people to buy electric vehicles, why not incentivize them to buy cars? >> well, we could do that but what's the purpose? suvs get very fine gas mileage now. if we incentivize people, if we gave them money to buy sedans instead of suvs, they would turn around and buy toyota and nissan. if you look at the decline in the sale of cars, with the major ford and chevrolet vehicles, they are down about 45%. if you look at toyota and nissan, they are down about 22%. half as much. the reality is, consumers just have a preference. in fact, volkswagen, i never thought i would see the day, because 20 years ago, volkswagen sedans were just not that good, are looking to expand production in the united states. so what's clear here is that these guys have gotten a lot better at cars but are still not as good as the competition and after 20 years of patience and subsidies and all the rest -- charles: and bailouts, right? >> and bailouts. over $10 billion

mary barra leaving the meeting with the maryland delegation.we'll meet with the michigan delegation. so a lot of news, lawmakers are trying to get her to possibly save some of these jobs and reallocate the technology into some of these plants that might be closed. but this seems to have united republicans and democrats who don't want to see job losses in their districts. liz: thank you so much. great reporting there. we'll be right back. stay right there. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. >> welcome back. you will not believe the story. massachusetts governor baker calling for a state judge to be

tom we haven't caught a glimpse of mary barra yet. don't expect to today, right is this. >> reporter: that's right. we do expect her to meet with wisconsin's delegation today. she met with ohio's delegation yesterday. why gm felt the need to lay off 15,000 workers and all the supply chain op as well at a time when the company is experiencing record profits. mary barra back on the hill. >> do workers deserve better after taxpayers bailed you out? >> reporter: facing questions from congress after the company announced they're laying off 15,000 workers and closing four plants in michigan, maryland and ohio. >> just as the workforce has helped general motors we expect general motors to stand with this workforce and give them a chance. >> reporter: in lordstown, ohio, where gm is closing its chevy cruze plant, this woman is worried how she'll support her family. >> it's going to be a struggle if they close this plant or we sit idle because there's no good-paying jobs around here. >> reporter: to focus on new electric vehicles. meanwhile it

hang said that, mary barra has been called to capitol hill in the past. sometimes she has done well, sometimesot done well. she realizes and generalotors realizes it needs to listen to the lawmakers where the plants are closing and idled. at a minimum they have to say we understand the cwhcerns. can we do in the future to make investments there? but i wouldn't expect a commitment out of the meetings. >> while we ha you here, let's talk about driverless cars for a 'smoment. goog company way mow is launching the driverless cars -- how soon do you think. >> it's a long ways off. i think what you see is a grdual onension of the waymo autonomous ride share service. gradual in phoenix tmaybe move o the silicon valley and then slowly showing up in other cities a the country. i have to be honest. i would not expect in to be replacing uber any time soon. we're many many years down the road before you and i h e in chicago or new york are call up and saying i need the car to pick me up. before we let you go, the hawaiians airlines cut revenue outlook. is it specific

. >>> meantime, on capitol hill this evening, general motors ceo mary barra facing outrage.rs of congress in the states where those plants will be closed are now asking, after taxpayers bailed out gm, and after the major tax break pushed by president trump, is there a way to protect any of those american jobs? mary bruce back on the hill tonight. >> reporter: earlier this year, gm ceo mary barra sat next to president trump as he promised to bring jobs back to the u.s. >> we're bringing manufacturing back to the united states bigly. >> reporter: but today, barra was on capitol hill to explain why gm is closing plants in michigan, maryland and ohio, slashing nearly 15,000 jobs. nanette donithan has worked at the lordstown, ohio, plant for 20 years. >> they are treating us like we're disposable. they haven't approached this restructuring with any kind of humanity or sensitivity at all. >> reporter: frustration that followed barra to washington this week. >> what about my friends and family? 1,500 workers are out of a job a month before christmas. >> reporter: in 2008, taxpayers

by 150 points this follows the nearly 800-point drop for the dow that happened on tuesday. >>> mary barraheaded to capitol hill again today she is meeting with lawmakers after the company announced a big round of layoffs and plant closures blayne alexander has more on that story. >> reporter: general motors is saying this is a tough decision but one that had to be made. lawmakers are not so forgiving and already are looking at ways to punish the company. >> so, one of the things -- >> i'm a taxpayer. >> sir, we're asking questions >> reporter: for mary barra, it's day two of a capitol hill grilling, meeting with lawmakers to defend the company's plans to close four plants in michigan, maryland and ohio leaving some 15,000 employees without jobs. >> any time we have to make the decisions like we did, they're incredibly difficult. >> reporter: the companying ending its sedan production saying demand is not there, instead focusing on electric cars and shifting production of trucks and suvs to mexico. >> this is a big issue in our community. we're trying to balance the fact that we have a lot

mary barra works for shareholders.cused every down and reaching shareholders, there will be no company no jobs to begin with. if disappointing. their job is not to please presidents. it is to please their owners. >> neil: the point that she moved too quickly and use the tariff issue as an excuse. what do you think about? >> again, imaginative hillary clinton said that about a company, that they didn't wait for me or they made this decision without my permission. it's a very dangerous process. let's face it. the tariffs would be one factor in a company shutting down plants. they are once again in the business of profits. the tariffs necessarily or going to negatively impact gm simply because the cars are built with inputs from around the world. is it no surprise that companies might want to slim down their operations amidst higher manufacturing costs? >> neil: to say, the fact that gm was a bailed out company after the meltdown, you would hope they would be aware of these issues as to not repeat the sin. >> it's interes

he told us what he's looking for from mary barra. is a huge plant that produces the cruz vehicle. i understand the cruz is not selling well. that's a market condition. what i don't understand, why this plant, an award-winning plant, got a j.d. power award this year for being effective, competitive, why they can't be used for other products. that's what i'm talking to them about. let's not save the cruz. that's up to the consumer. let's bring in another product that can be made there. >> the retooled plant, do something different. that's what he's asking for. sherrod brown, the democratic senator from ohio tweeting a video that g.m. had of a plant in mexico they're building. he said instead of celebrating the ground breaking of their new plant, g.m. should use the tax break to retool their lordstown plant in ohio and save the jobs of 4,500 workers. now that he wrote would be worth celebrating. >> shepard: anything new from g.m.? >> they said they would lay off 14,500 folks. they said many of the u.s. workers impacted will have the opp

you have the ceo of gm, mary barra, wants to explain why she needs to cut 15,000 jobs and close fourhave lawmakers on the other side pressuring here to reconsider that structuring plan or bring more work back to the plants losing work, from say mexico. well today michigan lawmakers had their crack at this. this was the longest meeting by far, lasting more than an hour, and they didn't hold back. listen. >> we are watching the decisions that they're making. where they are placing the jobs, not only did they get a bailout from taxpayers, they also received a recent tax cut. and they're having record profits. reporter: and the gm ceo said that she would not say, first of all, she is saying she is working with employees going to be affected by this, she would not say if what she heard over the last few days caused her to reconsider? >> we have had really, really productive discussions and i think they have a better understanding of what we're doing and why, and how we're making sure that we're supporting the displaced workers especially plants that are impacted. i have a much, an underst

ohio jobs but mary barra defended her decision to slash 15% of salaried workers. >> there's definitelyopportunity for many of the represented workers to work in other factories around the country that are growing and that is our focus right now. we understand that it's a very difficult time, it's a very difficult announcement to make and so we are focused on making sure they understand the situation, they know the options open to them and that's where our focus is right now and i really was pleased to have an opportunity to speak with many of the representatives from maryland to be able to understand their issues and move forward and move to have good connection. >> could use some of the money to save some of the jobs, was there one thing that said to you we have to make changes? >> this industry is transforming and we need to make sure that general motors is around for several decades, i have responsibilities to stakeholders, employees, folks who have retired the company, investors, we are trying to make sure that we have a strong general motors that's going to be ready and lead in a

you ♪yeah, i'd die for you ♪you know it's true ♪everything i do ♪i do it for you >> the gm ceo mary barrat keeping production jobs that she says are being unallocated. although she does not want to raise expectations either. she was on capitol hill today talking about the announcement last week. announcing that gm would cut 15,000 jobs. a decision strongly criticized by president trump. the radical dimms are often out of touch with real american voters. one liberal luminary claims that is not why the parties having trouble winning over voters. >> one of the things that we democrats have a really hard time is connecting two people -- one of the reasons it was told to marriage retreat that we democrats know so much that it's true. and we have kind of tell everyone how smart we are. >> i don't -- [laughter] i think she should probably keep it a secret how smart she is. apparently the usnca out of touch with reality period. it is hard to believe but their three midterm mazes to be called yet. think of that, still! election officials claim they are still counting ballots be north carolina's ni

i'm not sure why these senators are trying to man-splain to mary barra.lord, man, they got all kinds of tax breaks from ohio and federal government. >> we want cheap oil, cheap gas in this country. that is driving demand for big suvs, the smaller sedans, people are not buying them anymore. she doesn't want gm making them because they're not profitable. she has a fiduciary responsible to maximize profitability of her company to shareholders would jack hough buy general motors of 35, dividend yield of 4% at $35 a share? >> answer is yes? you know what the best thing for gm? the next recession. wait a second you mean to tell me the profits aren't disappearing? the profits come down but company continues to make money through recessions because it has been transformed financially? yes. the stock resets at higher valuation after that recession. you will have to wait a while for price appreciation but it does look cheap here. stuart: that is quite a performance from jack hough. facebook, apple, general motors. liz: and he pounded the table. stuart: what i alway

plus, general motors ceo mary barra back at it for two day on capitol hill.is facing how she might curb it by curbing the plant closings. herman

what did ceo mary barra expect, applause? could general motors keep 15,000 jobs in mexico while killing jobs in america and still expecting americans to buy their cars and their trucks? do they really believe americans will buy products from any company that closes four plants in the united states, keeps five open in mention co, maintaining largest number of factories in mexico of any u.s. carmaker with more employees in mexico than any other carmaker? what about the huge tax break that president trump gave corporate america? you can think you can tell american workers to go to hell, take advantage of american tax breaks for business, not so much as a faint, faint thank you? any sign of contrition? okay, no contrition. how about investing many of those millions of dollars in this country, in america? don't you feel any sense of obligation to what u.s. multinationals like to call, the home market? it's america, not simply the home market. it's america. and because we have a president who has made it official and done so withou

mary barra is trying to put them in a position where they can take advantage of autonomous driving andctric vehicles. things that will be more on the future. jason: and they have elon musk in the rearview mirror. >> a good metaphor. next, the farm bill clears congress and heads to president trump's desk. what this means for the industry. we will speak to a member of the agriculture committee coming up next. this is bloomberg. ♪ ♪ there's no place like home ♪ argh! i'm trying... ♪ yippiekiyay. ♪ mom. ♪ >> this is balance of power on bloomberg television. i am jason kelly. >> thank you very much. bloomberg has learned former lieutenant governor chris christie is president trump's top choice to be the next chief of staff. sources tell bloomberg president trump has not made a final decision on who will replace john kelly and could still change his mind. he is said to have lunch today with another candidate for the job, david bossi. china is making efforts to trade -- these trade tensions -- to ease trade tensions. the next move may come from the white house. the trump administration is exp

david: president trump still railing against gm ceo mary barra plan to layoff workers before christmase is with fox's harris faulkner. >> the nation saw you, as gm said we'll wipe away 15 percent of workforce before christmas, you said, i want to talk. >> i called her, i don't like what she did, it is nasty, it does not matter, ohio is under my leadership from national stand point, ohio will replace the jobs in two minutes, but i don't like general motors does, that then go to mexico to make cars. now the new deal, usmcarc makes is uncom fo uncomfortable for po go out, i think she is making a mistake, they changed model of gm, all electric, that not going to work, i don't run a car company but all electric is not going to work, isa great to have a percentage of your car, but this model is a mace mistake, to tell me a couple weeks before christmas, closing ohio and misch americamichigan that not , general motors is not going to be treat lead. david: president may be right about electric cars, do we want a president micromanages a private company. >> absolutely not. at least not in my op

plus, general motors ceo mary barra back at it for two day on capitol hill. the political challenges she is facing how she might curb it by curbing the plant closings. herman cain here with the war on capitalism reaching new levels. how do we stop the socialist resurgence. that and much more on "making money." ♪ charles: all right, back-to-back trading days and the market getting shellacked for lack of a better word. the main issue, china, the narrowing yield curve and uncertainties with the federal reserve and all important economic reports will be released tomorrow. maybe we get answers. we have jim awad, bahnsen group managing founder david bahnsen and fox business's susan li. talk with the news that hit yesterday but ironically the arrest of the huawei ceo happened on sunday. give us the news how this events. >> december the 1st. huawei has a strained relationship with the u.s. government. there are accusations that huawei is a conduit for chinese spying in the country. they had contracts with questionable governments including syria and now iran. this is

mary barra is in pickle. what happens? >> this pushes trump right where it hurts.upposed to happen with him. and once he has been president. his jawboning hasn't worked. i think trump will not let up on this. and, you know, gm should have talked to him beforehand. they shouldn't have just dropped the bomb, then things would be a lot better off if they had done it differently. charles: there is no doubt about that, anytime you announce a massive layoff it is bad. a few weeks before christmas is worse. politically swing state is even more awful than that for me someone who watches the company very closely, it is very clear that they have products people don't want. not just cars. they're losing market share in crossovers. they're losing market share in trucks. they're losing market shear everywhere else. do you lay off americans keep the mexican factories going to protect margins, ultimately you need americans to buy the car? remember lee iacocca made a pitch to save his company. >> doesn't look like gm following the lee iacocca model. there is a financial reason sti

he just called ceo mary barra's decision to shut down plants quote, nasty. just before this meeting on your screen with new governors at the white house, he spoke one-on-one to fox news, attacked the fed again, took credit for the improving economy and said the trade war with china is working. we are about to take you live to the white house for reaction. you know what, the president made no secret of the enemy he sees in the opioid epidemic. now a new poll shows it's even more important to you than the economy. we've got the ceo of the company that makes that life-saving drug narcan. it completely reverses overdose experience. he's here exclusively to reveal his battle plan in the war on opioids. >>> this is interesting. national security chief, yeah, national security chief john bolton fronted a new announcement just a couple of hours ago about u.s. economic strategy in africa. is this less about dollars and more about defense? former u.s. trade representative and mastercard vice chair michael froeman here exclusively on the tug of war with china and rush

. >> all right still ahead, ceo general motors mary barra meeting on the hill what does this mean for the stock? we'll explain and as the s&p 500 sits more than 8% off its highs had, where should investors go to hide how the in the trade verse four safety plays for you and later the "new york times" is out with a new bombshell report about oustled cbs ceo les moonves. we'll talk with the man behind the story. much more "fast money" still ahead. [woman 1] this... [woman 2] ..this... [man 1] ...this is my body of proof. [man 2] proof of less joint pain... [woman 3] ...and clearer skin. [man 3] proof that i can fight psoriatic arthritis... [woman 4] ...with humira. [woman 5] humira targets and blocks a specific source of inflammation that contributes to both joint and skin symptoms. it's proven to help relieve pain, stop further irreversible joint damage, and clear skin in many adults. humira is the number one prescribed biologic for psoriatic arthritis. [avo] humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, i

fire, gm's ceo mary barra making the rounds on capitol hill today, defending her decision to lay off thousands of workers and close plants in ohio, michigan, and maryland, but making no promises. would you consider using those plants for new production lines? >> it's incredibly difficult to make these types of discussions. our focus is on the gm team members that are impacted. >> reporter: gm is shifting truck and suv production in mexico, focusing on production of new vehicles and ending production on the chevy volt and cruz. >> we were really blindsided by this. we didn't expect it at all. >> reporter: it comes the same year that gm benefitted from president trump's corporate tax cut. congress now considering new laws that would remove corporate tax incentives for moving jobs overseas. >> we're asking for the opportunity to once again let our workforce shoha >> reporter: many analysts say gm's decision has provided some rare bipartisanship in washington. widespread condemnation with both republicans and democrats considering ways to punish the company. tom costello, nbc news, capit

. >>> general motors ceo mary barra spoke moments ago.ant gm to explain why it is laying off 15,000 workers, closing plants across the u.s. and canada at a time of year record profits for the company and after taxpayers bailed out the company just 8 years ago. now gm is under pressure from president trump and congress to find jobs for the workers being laid off. talked to one worker in lordstown, ohio who is worried how she will support the family. >> we close the plant or sit idle, it will be a struggle because there's no paying jobs around here. >> joining me, garrett hague. >> reporter: this has been a series of difficult meetings for the gm ceo the last couple of days. she met with delegations from ohio, maryland, and just now finally michigan. three states where the company announced it is closing plants in the next year or so. and the delegations primarily democrats in these states but not entirely have been very unhappy with her, also defending the company. it is a delicate balance for the lawmakers to strike saying they want to se

mary barra will talk with congress a second straight day. here's tom costello. >> reporter: good morning from the capitol hill where the ceo of gm is in full damage control. mary barra going from congressional delegation to congressional delegation explaining why they're closing four plants. >> we're looking at opportunities across the country for them to be able to transfer. >> reporter: taxpayers bailed out gm to the tune of $14 billion only eight years ago. her answer to that question and what the hope is for those people who are being laid off just before christmas coming up on towed. >>> while we track that story, we feel for those people, still not going to inc. cha the number of cars we see on the roadways, which right now manageable. south bay shows your northbound push. coming out of the tri-valley we have typical slowing. south 680 and 84 as well, just heading down from sunol. a crash before the castro valley "y" slows down. that makes things lighter on the transition towards the nimitz. the middle of your screen there, west 80 aro

. >>> happening today, general motors ceo mary barra will be on the hot seat o capitol hill for a second straight day. the issue, gm's plan to cut nearly 15,000 jobs. gm will close four plants in the lau.s., possibly one in ma as well. this comes months after gm benefitted from pres trump's corporate tax cuts and eight years after american taxpayers funded a $13 billion omilout of the auto industry. we'll have more apitol hill coming up in our next half hour. >>> it's 6:08. toesy the united st surgeon general will address america's ongoing opioid crisis during a speech in boston. dr. jerome adams will explain how new police tactics are being used to fight the epidemic. his speech is part of a law enforcemt summit organized specifically to deal with drug addiction. >>> meanwhile, new reports suedest that creating superv heroin injection sites may reduce the risk of overdoses f people addicted to the drug. this comes from the rand corporation, a nonprofit research institute. the report claims that safe heroin injection sites have been a success in other countries and should be tried here i

listen to what ceo mary barra said about this.nt to give them maximum opportunity for other opportunities within the company. we're working to make sure, for our representative workforce we have a plan for every car and there are other services to provide to our salaried workers part of transition we're making. the industry is transforming. it is important for general motors ma make necessary but incredibly different changes to make in a leadership position. general motors is strong, provide manufacturing, provide leadership in the transportation industry as we move forward. stuart: difficult changes she says. joining us michigan congressman tim wahlberg. congressman, you were in the meeting with mary barra. did she make any pledge to keep those plants open or keep the workers working? >> stuart, good to be with you. she made no pledge specifically to keep those plants open, though she did say, she intended to make sure that all the workers that could be employed who had lost jobs would be employed somewhere in general motors or s

so this new gm under mary barra is very future-focused.really working very hard to see and cement their place in the future, you know, that's coming. these are things that are coming no matter what. tariffs are not. and the company is making some big changes to fit those future realities. i can't stress to you enough just how much of a behavior change this is for gm, to make very painful decisions now to ensure that they really have a place in tomorrow's future. kristina: at $33 right now, is it one of your picks for 2019? >> well, i guess i'm more optimistic about general motors than i am, say, for ford, who the difference between gm and ford in my head is that gm has really laid out a very clear road map of where they want to be in the future. ford is talking about the same things, electrification and autonomy but they haven't really been able to communicate what their future focus is going to be on how they will get there in the same way gm has. to the investment community, the more forthcoming plans laid out by gm i think sound better

gm ceo mary barra met with lawmakers to explain why the automaker was laying off workers at their plant she spoke with "fox business" exclusively and said the move was required to ensure the company evolved and survived. president trump said publicly he is disappointed with her decision. maria back to you. maria: thank you deirdre. the november jobs report was released friday and while the unemployment rate held steady at 3.7% 155,000 jobs were added to the economy in november. that was lower than expected number of 200,000. what is a show is about growth and should we be concerned? the head of investment for city private bank david bailey joins me to talk more about that. david it's that. david's good to see you thanks for joining us this weekend with your reaction to the november jobs report. >> it was a decent jobs report and had certain advantages that things are going crazy. he looked beyond the number that jobs growth was good but also people were returning to the workforce was good and we were modestly up consistently at 3% year-over-year which is the wage growth that is in every

. >>> fiat chrysler will build a new factory, ceo mary barra was meeting with lawmakers who were angry with the company's decision to close five north american plants and cut up to 15,000 jobs due to weak demand for passenger cars. >>> facebook is testing a new feature to let mer nt chas show off their wares in live videos. products and live videos and take payments or reservations through facebook messenger. the feature could help facebook gra grab more revenue outside of the ads in the news feed. >> think of something to create and celebrate on facebook. >> make it and sell it. frank, you can help brainstorm. >> always with the ideas. >>> coming up on "today in the bay," kari hall is tracking your weekend weather. >> as we start out today with sunshine and cool temperatures around the bay area. toward fremont, we'll be in the mid-40s. up to about 56 degrees at noon today. it will be a nice afternoon. we'll look at that forecast, and when our next rain arrives, coming up next. >>> and we have one person who has not yet opened their cash lane, that's why there's a little backup at the

. >> repornder fire, mary barra making the rounds on capitol hill today defending her decision to layff thousands of workers and clo plants in ohio, michigan and maryland but making no promises. >> would you use those plants for new producti lines? >> it's iredibly difficult to make these decisions so our focus is on t g.m. team members impacted. >> reporter: g.m. is shifting truck and suv production to mexico focussing on new electric vehicle and ending production of sedans, the volt and cruz. >> we're reably dsided by this. we didn't expect it at all. >> reporter: g.m.'s decision comes the same year ter it benefitted from the tax cut and u.s. taxpayers spent 13,000 -- $13 billion bailing them out.$13 billion bailing them out.>> e're not asking for charity, what we're asking for is to give the community and work force the portunity to once again show what they can do. >> reporter: many analysts insist g.m. is making the tough decisions to compete in a cutthroat industry. provided rare n bipartisanship in washington. wide spread condemnation with repuicans and democrats considering wa

these 25 women, whether it is ginni at ibm, or indra who ran an extraordinary job at pepsi, or mary barra, these are predominantly male industries, many of them, and the fact that women have broken through gives me optimism. having said all of that, i think it is up to the pipeline, so it is an even playing field, but every slate has to be filled with women, so if you are promoting somebody, if you are hiring and using an outside search firm, i think you have to refuse it if the slate is not equally balanced. it doesn't mean the woman has to get the job, but if you're bringing me a slate that is not half women, don't look at it. i think that is true for a board member, outside hire, promotion, a simple but critical discipline, because the outcome will never it there if the input is wrong, and the input is still wrong. david: has the paradigm for ceo shifted towards you? in the sense that you go back a generation, the brash, bold, typically male ceo is what is brought to mind. has that paradigm shifted? andrea: i think the paradigm is shifting as we speak. i think that the new competencies

mary barra testified before lawmakers yesterday and today she will meet with both ohio senators to hear proposed solutions to save the automaker's plant in lordstown. gm is shifting truck and suv production to mexico and focusing on new electri vehicles while ending production the cuts come just eight years after taxpayers gave the company a multibillion-dollar bailout. congress is considering a plan that would remove corporate tax incentives for moving jobs overseas. >>> leading the news this morning the bombshell new allegations againstor not just shocking claims of sexual misconduct with more than a dozen women but now reports he may have lied to investigators for cbs, destroying key evidence. let's turn to nbc's gadi schwartz. >> reporter: it's an explosive report detailing not just a pattern of sexual misconduct but an elaborate cover-up. the leaked draft investigation into former cbs chief les moonves obtained by the "new york times" reveals the disgraced mogul may not get millions because he misled investigators. the report saying he was evasive and untruthful and deliberately li

. >>> happening today, general ceo mary barr are wil be -- mary barra will be on apitol hill for a secon straight day. the issue, gm's plan to cut nearly 15,000 jobs. gm will close four plants in the u.s., possibly one in maryland as well. thism comes months after benefitted from president trump's corporate tax cuts and eight years after taxpayers funded a $13 billion bailout of the auto industry. we'll have more from capitol hill coming np in ourt half hour. >>> it's now 4:06. today the uurted stateson general will address america's ongoing opioid crisis during a in boston. dr. jerome adams will explain how new policeei tactics are used to fight the epidemic. his speech is part of aem law enforct summit organized specifically to deal with drug addiction. >>> meanwhile, new reports suggest that creating supervined henjection sites may reduce the risk of overdoses for people addicted to the drug. this comes from the rand corporation, a nochrofit resear institute. the report claims that safe hero s injectiones have been a success in other countries and should be tried here in the u.s. the