i don't think mary barra is to blame.ary barra really got ceo job, ushered in the c-7, corvette stingray, came in remarkably on time, under budget, something almost unheard of in detroit and most manufacturers. she knows what she is doing. she wasn't in the charge of the cruz. she is making changes she needs to make in general motors. unfortunately closing this plant and in november closing four plants as part of that plant. hopefully they bring something to revitalize it. that is loss of 435 jobs. this is tremendous amount. they are from the area. grew up there. their families worked at general motors 53 years for some of them. that is unfortunate. hope mary barra who has her act together can revitalize and repurpose this plant. charles: right. the multiplier effect for the layoffs in the local community would be three to one. 4800 jobs lost. lordstown has only 3200 people that live there. rebecca, juxtapose this, toyota making huge, 14 billion-dollar commitment. with fiat spending 4 1/2 billion dollars including opening

reporter: if mary barra is congressry at presidenangryat te did not let on today.ome on what president said he would like gm to do, put another vehicle at that plant or selling. >> it is always difficult when you impact a plant, we have to make tough decision, it market reality, people are shifting from small cars, we have to make the decisions to maintain the jobs we have in this country and can continue to create more, i understand it tough, that is why we're focused on every employee we have. workforce we have. we want everyone of them to stay part of gm team, we had 500 move to other locations, we will have other opportunities including some in ohio, we'll continue to focus on that, i understand it a difficult message. reporter: gm making chevy volt and sonic, they will add the new all electric vehicle that was to be made in china now moved to be made here, mary barra said not this response to the president but that is where the future is. david: thank you very much joining us gary, auto editor at fox news. news. barra said it has nothing to do with what presid

mary barra needs a villain, too. it's the uaw. she's blaming the uaw, she says she's -- they are forcing her to do things she doesn't want to do to make it inefficient, she has to cut corners. we know the uaw has created all kinds of problems for the auto industry. some people blame the uaw for some of the closures of not just plants but entire companies. is there something there? >> well -- >> remembering back -- sorry, jonathan. go ahead. >> just look, uaw is the ones who got gm into the problem in the first place. yes, america bailed them out and violated the bondholders' rights, gave way too much power to the uaw, 10, 12 years ago now. but the answer isn't now to demand that gm act as some kind of wing of the u.s. government. let them fail. let them, as kristina said, have to readapt. no one wants these chevy cruzes. they have to adapt and produce or die. it's not the president's role to micromanage them and tell them what to do. >> i think that's true. i also would add that i think president trump feels that he has gone to so

it is almost an algorithm. >> mentioned mary barra, we'll talk to her later on this morning.ouncing $300 million investment in orien, assembly plant in michigan. president has been berating her and the company for lordstown. >> yeah, lordstown she's got -- the president's tough. it is almost like you want to say, okay, what do you want? i'll -- and then he becomes salesman in chief. he'll go buy and he'll buy an escalade if she opens up the -- he won't buy five give them to his family and stuff. >> we'll get cramer's mad dash, count down to the opening bell as we see weakness in futures. don't go anywhere. that rocking chair would look great in our new house. ahh, new house, eh? well, you should definitely see how geico could help you save on homeowners insurance. nice tip. i'll give you two bucks for the chair. two?! that's a victorian antique! all right, how much for the recliner, then? wait wait... how did that get out here? that is definitely not for sale! is this a yard sale? if it's in the yard then it's... for sale. oh, here we go. geico. it's easy to switch and save o

. >>> tonight general motors ceo mary barra speaking out in a rare in-depth interview after s nounced gm iif from president trump. this comes after the company closed four plants, eliminating 3,300 factory jobs in this our anne thompson has this report. >> reporter: today gm's mary barra with a message for america. >> general motors is committed to supporting u.s. manufacturing -- >> reporter: the ceo announcing a new electric vehicle, 400 jobs, and a $300 million investment for the orion facility near detroit. after a week of presidential pummeling for gm decision to close the lordstown plant this month. >> get that plant open or sell to it somebody and they'll open it. >> are you being bullied by president trump? >> no, not at all. i mean, i think, you know, we're having conversations. i think it's always important to understand different people's perspectives. >> reporter: the orion plant de reagan today builds three vehicles, including the all electric chevy bolt. originally gm planned to build a new vehicle outside the u.s. but barra says because of the workforce here and the rev

phil lebeau spoke with mary barra earlier, ceo of gm and one of lyft's largest investors and joins ush more on that conversation with mary phil >> what's interesting is general motors is a significant investor in lyft, has been for some time. i had a chance to catch up with mary barra, ask her about some ride share challenges that were outlined in the lyft ipo filing. >> people are going to need from point a to point b that's why we made significant investments in cruise automation, we think that's the ultimate ride share 2.0, when you're able to use autonomous vehicles, that changes the cost structure, allows you to reduce the cost and access a lot more addressable miles. our focus is on autonomous technology we think that's going to be a significant impact in the future, but it is going to happen over a long period of time >> we talked with mary barra as she announced the company will be investing $1.8 billion, adding 700 jobs in the u.s., including another 400 here at the orion assembly plant the 1.8 billion investment to expand production in the u.s. is not a change for the compan

. >> reporter: our chairman and ceo, mary barra. gm's ceo calls it a major investment,is and it . gm will spending $1.8 billion, hire 700 worrs and build a new electric car here in the u.s. >> it's going to come out in a year or two. we haven't released a specific date yet. there will be a lot more to follow on e specifics of the product. today we're really focused on the workforce. >> reporter: unfortunately for barra, to focus on gm's decision to end production at its planned in lordstown, ohio.ma while , but not all of those workers have transferred to jobs at other gm facilities, the lordstown plant remains idled, d that's what bothers the president. recently tweeting just spoke to mary barra, ceo of general motors, about the lordstown, ohio, plant. am not happy that it is closed when everything else in our country is boomin i asked her to sell it or do something quickly. she blamed the uaw union. i don't care, i just wantifst w open. >> you're all focused on that relationship. he has an agenda, it's about job creation. i very much wanting the company to con to grow, continue

that was announced by gm ceo mary barra. whether this announcement was in response to the president's criticisms last week. we also talked about the new vehicle. you don't have a name for me, do you? >> we haven't released a lot of product details yet. i'm looking forward to it. reporter: this is something i'm planned i was told weeks or maybe months ago? >> it is something we've been working on quite a while. we're excited to be able to share with the team members at lake orion we're investing $300 million and we'll be creating 400 jobs here. it's a great workforce. they do a great job building the chevy let and sonic. we're very excited. reporter: some would say is this response what happened to the president and tweeting over the course of the pat week? >> i think you know it is complex to do everything to make announcement. make sure we get everybody aligned significant not only for the community but the state. this is something planned for a while. reporter: mary barra told me that she takes responsibility perhaps not c

meanwhile, the president is revving up pressure on general motors after speaking to gm ceo mary barra over the weekend. the president tweeting he hopes that gm will reopen its lordstown, ohio manufacturing plant that recently closed after decades and decades in business. it puts 1700 people out of work. shares of general motors are down half of 1%, $37.87 each. let's go to edward lawrence live at the white house covering all of this for us. good to see you. what's the latest? reporter: a big day at the white house. the president, the white house hoping to tweak a little bit the education -- or help students out with their student loan. the white house saying this plan will specifically target helping students pay back those loans, get debt-free. here are a couple bullet points we are pulling out from this plan. one big one is they want to take the five programs they have now to help with students and whittle that down to one payment program so students can pay student debt that would be no more than 12.5% of a student's income, paying back that debt. it would extend loan forgiveness t

and the details, you're going to hear from the gm ceo herself, mary barra coming up.e're all over the slide on wall street today. the market erasing the week's gains. we'll go more in depth with that. stay with us. ♪ (bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪) when it comes to reducing the evsugar in your family's diet,m. coke, dr pepper and pepsi hear you. we're working together to do just that. bringing you more great tasting beverages with less sugar or no sugar at all. smaller portion sizes, clear calorie labels and reminders to think balance. because we know mom wants what's best. more beverage choices, smaller portions, less sugar. balanceus.org wat t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe pr

vonnie: that was the gm ceo mary barra, speaking about 20 miles north of detroit. the company has just announced a 320 million in dollar investment in an electric car plant there. this coincides with criticism from president trump for gm closing and ohio factory. 1.7%.now down we just got some economic data a little while ago, existing home sales beat analyst estimates at 5.5 $1somely, million. this is after january saw them down 1.4%. quite the bounce back. effectt having a major on markets. let's look at markets. the s&p 500 down 1%. this is a continuation potentially of the fomc effect which we can see in treasuries. the 10 year yield at 2.4% right now. 2/10 curve is now beneath 10 basis points, and now are spread. the three-month tenure curve has inverted this morning, quite the shift in the treasury curve in the u.s.. pmi's in europe were week. this is also have an -- having an effect on banks. down 3.25ndex, percent today. 1% after beating estimates. about what isk happening on this side of the atlantic. we saw week german data, french data as well for german

just spoke to mary barra, ceo of general motors, about the lordstown, ohio plant.d her to sell it or do something quickly. she blamed the uaw union. i don't care. i just want it open. general motors responding with, quote, we remain open to talking with all the affected stakeholders but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities. here now, wall street journal tech and auto reporter tim

mary barra made the point. i have to run the company way i see fit. we'll go down a bad road.e've been down the road before, we saw that movie. we don't want that again. neil: i'm so tempted to do the monty python thought bub, when she is answering a question, what she really thinks. we'll let that go. always a great job. reporter: obama anger translator, who used to say what obama was really thinking? she might need a anger translator. neil: what the heck. jeff, thank you very, very much. quickly go to florida right now. beautiful day there. president arrived at palm beach airport. spending the weekend at mar-a-lago. that was the same local -- locale, this was same weekend the president booked with xi xinping to sign off on a trade deal. that is not happening yet. it could still in the weeks, months ahead. go to chris bedford, if and when we might see it. chris, good to have you. so. >> good to see you. neil: what do you think? >> this is good message to the chinese, expanding their business in china wins around the caribbean. fon from small amount of investment 30 years, mas

he said he spoke to mary barra he wants them to re-open a particular plant in ohio and says he wants general motors and the uaw, united autoworkers to begin talks now and don't want them to wait till the fall gm putting out a statement of their own saying any resolution of the situation is going to be done between gm and uaw in due course and we see this tweet about google, the president tweeting out, google is helping china and their military but not the u.s. terrible google putting out for its part a reaction to that suggesting that they are not, in fact, working with the chinese military and when you talk to aides at the white house about these tweets today, you don't get a lot of sort of backing up of the president's statements, i asked aides for whatever evidence the president has that google is working with the chinese military and they simply said they couldn't provide it. i spoke to sarah sanders about that within the hour and she said she didn't have it and aides here don't seem like they're going to be going to a lot of effort to get that. they sort of say the trees stand f

far as saying, quote, gm let our country down late last night trump then tweeted just spoke to mary barrao of general motors about the lordstown, ohio, plant, i am not happy that it is closed when everything else in our country is booming i asked her to sell it or do something quickly. she blamed the uaw union i don't care i just want it open. gm shares moving at least a little bit to the upside right now, just about flat in trading $38.10 the last rate there in pre-market trade. >>> switching gears, one of russia's richest men is going on the defensive or offensive depending which way you want to look oleg dare pas ka is suing the u.s. government demanding, they lift sanctions against him jeff joins us live from moscow with more on this very big interview. jeff, how does hi feel about these sanctions? and what's he going to do about it >> reporter: well, he feels emotionally and financially which is why he's asking for $7.5 billion here. back in april, 2018, these sanctions were imposed the treasury then said he was part of a group of wealthy russians who had a malign influence on world

. >> when general motors a mary barra tells us there's all these opportunities for us to transfer, it comes aoss aso cold and calculated because i know they have kids, i know they have families. how would they react in the same situation as us?te >> rep lordstown is under reallocation and could reopen after september when gm and the unioer contract negotiations. but president trump, who visited ohio today, wantsnswers w. tweeting over the weekend, i want jobs to stay in the us want lordstown and one of the sst economies in our history opened ord to a company who will open it up fast. >> i'mlad he is supporting us and wants to help us. i just wishld he w come here and kind of see firsthand, random of just making tweets about it. >> reporter: the reaction from others in town is mixed, especially after a 2017 sech ere the president told local workers manufacturing jobs would be coming back. >> i think it's a little too late. i think he should have been on the bandwagonhen they first -- when they cut the other shifts and whe they announced that they were going to cut this shift. >> i feel

the president says he spoke with the company's ceo, mary barra, and wants the lordstown plant to reopennother owner. the closure of the plant put 1,700 people out of work. the company intends to close four other plants in north america by early next year. >>> new guidelines say low doses of aspirin should no longer be given on a routine basis to prevent heart attacks. the news comes from the american college of cardiology and the american heart association. they say the risk of serious bleeding outweighs the benefits. doctors started advising patients to take aspirin more often in the 1980s and 1990s after studies showed it could help prevent heart attacks. doctors may still prescribe aspirin for some older patients with increased risk for heart diseases. >>> it's finally legal to bet on march madness. in year, the expansion of legalized sports gambling shifted beyond nevada. new jersey, rhode island, and several other states have legalized sports betting following last year's u.s. supreme court ruling. >>> and "captain marvel" soared to the second weekend at the top of the box office.

mary barra, whose ordered cuts come in response to market demands for big trucks and s.u.v.s. >> for to think that she can play god and do whatever she wants to do with any g.m. family is wrong. i love living here. the friends, the neighbors, a community that i can call whenever anything goes on with that little boy, and they're here. and it is amazing, and i don't want to leave it. i don't want to. >> reporter: today at the plant, aaron was bolting brackets and finishing the trim, just like every other day, but this wasn't every other day. what was it like in there? >> very emotional. when that last car pulled up and i had to go do my job on that... >> reporter: tough. >> yeah, yeah. i mean, there's still hope that you're still going to see some of your coworkers. >> reporter: right, but the group as it was is probably going to split up now. >> yeah. it's hard to even fathom that i'm not going to be coming back tomorrow. >> reporter: dean reynolds, cbs news, lordstown, ohio. >> glor: our "eye on america" report tonight. coming up next on the "cbs evening news," alex trebek announces

mary barra has not responded to the latest wave of putting pressure.e powell, that our reserve chairman not expected to hike rates, but to telegraph what his thinking is for the rest of the year. dow jones chief editor going home and after the battle, cohost connell mcshane. guarantee you and what she wanted here. after that spirit! from the wall street tears i hear maybe one rate increase over the rest of the year. i want to see those changed, the forecasts and expectations changed and that we are hitting normalization more of a natural stance, that we are pretty much there and really doesn't feel the need to make any drastic changes the rest of the year. eliminate the uncertainty, and make it very clear what will happen the rest of the year and let us know that we are not going to see a big increase the rest of the year, that they really change their thinking. sure and do what you think? >> will have to talk about the $4 trillion in assets. are they going to so that down and allow a little bit of stimulus to remain in the economy? that's another thin

we put that question directly to mary barra.o asked her, what she thinks about the president's tweets. here is what she had to say. >> complex to do everything, make announcement. get everybody aligned, significant for the community, the state. this is something that is been planned for a while. reporter: bloomberg wrote it up you're throwing the president a bone. is that true? >> when we talk about jobs, investing in the u.s. workforce, american worker that and general motors are very aligned. we want to create jobs, good pay paying jobs. investing in the future with all new electric vehicle. reporter: pursuant to that you had to make a tough decision when it came to lords down and other plants you allocated that is the kind of decisions maybe didn't get made as well in the past. here you get criticized for it. doesn't seem fair in some way? >> it is always different result when you're impacting a plan because you're impacting the workforce there, you're impacting the communities but we do have to make tough decisions. it is ma

already are with everything we own so while they're thinking electric vehicles are the future is what mary barra said we're going to go all lecoq eventual eight i don't think we're there i think the future is going to be a combination of fossil fuels diesel natural gas and potentially bio diesel as well as electric cars everyone's going to be able to choose what you want but trying to make us all go electric with a grid that can't support it whether it be here or in europe or anywhere in this country is absolutely ridiculous we cannot produce enough electricity to charge vehicles and let our homes and everything else we need you know looking at the stock a while ago and it was hovering around down a little bit actually today on this announcement at thirty six bucks but do you think hard to figure out traders and prices but do you think that may be the reason it didn't go up on this announcement or as people were traders are thinking hey we sort of liked your cost cutting measures some before we're not so sure and maybe we're not so sure about some of the things that you just pointed out lauren.

past few days and he even went so far as to call the chief executive officer of general motors mary barra to tell her and we know this from his tweets that he wants her to either increase jobs at the lordstown plant or sell it to another company that will do so that is not the way things work in the vehicle making industry and general motors does not seem as if it is going to comply with there and that brings us to.

mary barra said i was here when gm went bankrupt.en the lines she said we have got to do what we have got to do. i'll leave you with this, i was there at the lowerstown plant in ohio when they started making the shavie cruz. they don't like it so much in the u.s. and it's more popular in south america where they are still making it. the chevy vega which was noted for unreliability and crust. the chevy monza and the astre and the cavalier with one of the highest death rates of every car on the market. maybe it's not a bad idea to shut the plants down. bring them on, i'm ready. liz: retool the place and make other cars. come back soon. we love having you on. now, lots of talk today about beto o'rourke beating bernie sanders in the money raising derby. the big news is this. beto is walk away from single payer. he doesn't like it. this is contrary to what kamala harris and elizabeth warren and cory booker are saying. beto is saying i want to give people the option to buy into medicare. we want to remind you about the kaiser foundation fi

president is still contending with, verb in midwest places like ohio, the car manufacturers, you know, mary barra said it united oddo workers are making it give cullt to keep the faithrie factories open, that is true. >> here problem. i want president to to well in china, but he uses tariff as his only tool, if the chinese walk away from the table, you have is a situation where our farmers get hurt, our automakers get hurt, there is nothing you can do to roll it back. and i think that this economy is worse than people think, which is why white house predicted numbers that other economists are saying this could only get worse, remember we at a 22 trillion deficit, on top of that -- >> yeah, debt load that president obama doubled. >> but under president trump it has gone up more, we are 243 -- >> stop you there, there is a difference between gee metric and exponential growth, this is not exponential. >> the fact that deficit has exploded. >> use the right term. >> hold, kennedy. >> forget. that there is 7 million americans, that are 90 days behind in their car payment, that is a leading indicator t

president trump's anger over their closing of the lordstown ohio plant, he has gone after gm ceo mary barraant or sell it which lead me to ask her this question today. >> are you being bullied by president trump? >> not at all, we're having conversations, i know it is important to understand other people's perspectives, i think when you look at job creation in the u.s. we're aligned. today's announcement is one example of that. >> he said he had a conversation with you over the weekend about lordstown, can you describe it? >> i view the conversations with our elected officials, those are private conversations -- >> but he is not keeping it private. >> i think you know me, that's what i think it appropriate, and we had a conversation, and i understand his perspectives, and i think we had an opportunity to share ours. >> now she is a very disciplined ceo and she is clearly not going to engage the president publicly. i also asked her about why they made a decision to build this new vehicle here just north of detroit, and she said originally gm blanplanned to build it outs of the u.s. two thing

. >> reporter: we wanted to know what they would tell gm's ceo, mary barra, whose ordered cuts come in response to market mand >> for her to think that she can play god and do whatever they wants to do within the gm family i loveiving here. the friends, the neighbors, a community that i can call whenever anything goes on with that little boy, and they're here. and it is amazing. and i don't want to leave it. i don't want to. >> reporter: today at the plant aaron was bolting brackets and finishing the trim, just like every other day. but this wasn't every other day. what was it like in there? >> very emotional. when that last car pulled up and i had to go do my job on that -- >> job. >> yeah. >> there's still hope you're going to still see some of your co-workers but the group is probably going to split up now. it's hard to fathom i'm not going to be coming back tomorrow. >>> coming up next, alex trebek announces a difficult diagnosis. i can't believe it. that we just hit the motherlode of soft-serve ice cream? i got cones, anybody wants one! oh, yeah! get ya some! no, i can't believe h

he's talked to ceo mary barra about keeping the plant open. she's closing it.street journal" says he's talking to donors. he wants big money to roll in just as he declares

he's talked to ceo mary barra about keeping the plant open. she's closing it. expect him to follow up today. forcefully. >>> joe biden has told a small group of supporters that yes, he's running. the "wall street journal" says he's talking to donors. he wants big money to roll in just as he declares his candidacy. bernie and beto quickly raised $5 million or $6 million each when they entered the raisce. biden wants a lot more than that. looks like he's in. >>> fed ex issues a warning. they don't expect much growth in their global business and looking back, they say the holiday season was weak. looks like they didn't do well against amazon in the holiday delivery business. the stock is down 6%. that's a drop and a half. >>> it is a flat market overall, slight uptick maybe at the opening bell. slight downtick now. that may change this afternoon when fed chair powell reports. big question, will the fed take money out of the economy or put money in? this is all about the so-called balance sheet. more important than interest rate movements these days. >>> and just w

gary, in one of his tweets, president trump says mary barra is blaming general motors. i have been in touch with one of their senior folks. he's saying it's not necessarily that but obviously it's a very complicated situation. >> they are in discussions with the union, they are going to be, there are contracts coming up this year, they have to decide. the problem is general motors has nothing to build in this factory. the vehicle that it recently added to its lineup, the chevy blazer, is being built in mexico. that decision was previously made. cars that people are buying instead of the cruze, they are making in mexico and canada. to bring any of these back to the united states, simply the act of moving the tooling would be incredibly expensive and to be able to build them here profitably would be difficult these days. charles: although this is where president trump is frustrated. toyota just announcing $750 million investment in five u.s. plants, creating 600 jobs. not too long ago, last month, fiat said they will open up a new plant, retrofit a plant and reopen one, 6

susan, separately on the gm story, president says mary barra think about the plant you want to close in ohio, don't wait until the fall or december to talk it over with the union. no response yet from her but what do you make of it? >> do you think this is more of a political dialogue or is it business related? because, 14,000 restructuring those job losses that gm announced just end of last year, gm they say they will redistribute the jobs. we'll see where they actually go. gm is benefiting from talk of more import tariffs from autos outside the u.s. that hurts competitors around the world. japanese carmakers and german carmakers as well. i would say gm is benefiting from this. they made $8 billion in profit. if they're selling 3 million vehicles here in the u.s. and 17 million environment. neil: selling into that market, right? >> selling into that market -- neil: asia period? >> they're not. china has been very difficult for them. that is something they put a lot of investment into. so i think the u.s. is where they want to play. neil: what you do you think, john? >> i think anoth

we continue to talk to mary barra, and we know the president lied about what mary said when the presidentid she blamed it on the workers. the workers are efficient. necessary it's a management this issue and tax issue by the president of the united states who betrayed workers throughout the industrial midwest. >> do you trust the workers on this issue? >> not especially. i don't think he follows it much. his judgment has been so bad. he's only now getting engaged when he thinks he has to. it's a matter of getting him to focus and do the right things. he should go to congress and say, pass the american jobs act. it works this way, buy a car mostly american made in the united states, you buy one of those, you get a $3500 off rebate at the dealership. that's paid for by eliminating this trump tax benefit with a 50% off benefit. we will encourage that and american workers. that's what david green talked about yesterday when he said in the first interview, pass the american jobs act, that would fix a lot of this. whether the president wants to do that, says he does, he has to push the mitch mc

the president tweeted that he spoke with mary barra about the lordstown trump and he asked her to doomething quickly, but that barra blamed the uaw union. the tweet was the third time trump took to twitter to voice husband fr his frustrations. he suggested a new owner could manage the plant but that time is of the essence. production at the ohio plant ended earlier this month. the president also criticized a local union president, the local union guy david green, telling him to get his act together and produce. green hasn't responded to a request for comments. gm added in a statement its main focus was offering employees jobs in other plants where they have growth opportunities. >>> well, did joe biden tip his hand or was it just another of those infamous gaffes? speaking to an encouraging home state crowd in delaware saturday, the former vice president was defending his record when he said, or almost said, this -- >> i'm the most progressive record of anybody running for -- anybody who would run. >> standing ovation as you can see there went on a bit. biden has indicated to friends

reporter: president not saying what the uawtold him, he tweeted that last week that mary barra blamed the uaw for closing of that plant. she denied that. on subject of uaw leadership about kissing and hugging i will let you hear that yourself. >> how good it was for this, that they said thank you, sir, thank you. this is unbelievable. thank you, sir. then i see one of the guys next day on the television show. the i think de"face the nation." and ladies and gentlemen, de"face the nation," he says, how -- he a democrat. and he wants democrat policies, which were putting of i everyone in the poor house, i left him, he was hugging me, kissing me, telling me it was unbelievable nobody el could do it next day he was the on there talking about stuff, i want to deal with people in union note the heads of the -- not the heads of the union, the heads of the union are not honest people. they are not honest. they are not honest, and a ought to lower your dues by the way, you pay too much dues. reporter: you heard, president rare form, to a number of topics, and listen to that. abrams tanks, reall

jason: that was gm ceo mary barra speaking to david westin.y moment, like, robert mueller could releases probe into the 2016 election. we will get into that next. this is bloomberg. ♪ jason: this is "balance of power" on bloomberg television. i am jason kelly. it is the sound of silence in washington. the capital is bracing for special counsel robert mueller to conclude his investigation into russian interference in the 2016 election. most people are aware this is going on but we are waiting. president trump has frequently denied any collusion, calling the investigation a witchhunt. for more, let's welcome a former andassistant director homeland security program director. great be with you. thanks for joining. you and i were talking before we came on air about how much oxygen this has taken up. , much less thene two years we have been watching robert mueller work from arm's-length. why has this captured our attention so much? >> it is a significant issue. you wonder if people in iowa are is glued to the tv and news media as we are in washingto

what they blamed was the tariffs that are caused -- >> dana: mary barra told the president the unions denied that. maybe but that's not what they're saying publicly. and you know, the tariffs -- you can argue for or against them on trade. there's no question, we have to be honest, the short run, tariffs have hurt. the president wants to argue for his tariffs, he ought to at least acknowledge the short term harm. >> dana: you think you have the ability to get around -- the fire brands of the freshmen class of the democrats. they're there, getting attention. you're making good reasonable arguments, common sense. is there a way to break out of that? >> well, by doing things. the legislative agenda where we're going to do on the floor of the house of representatives it's going to be infrastructure, lowering the cost of prescription drugs -- >> dana: that might be somebody to do bipartisan. >> we have republican support for all of those things i mentioned. >> dana: if you get infrastructure week going, you have to come back. i've been tweeting about it for three years. i'm ready for it. >

. >> and we know what he told mary barra, the ceo of gm when they had that phone call a few days ago.ying it is between us and the uaw what we do with our plants. >>> thank you all for joining me today. i'm poppy harlow. i'll see you back here tomorrow morning. "at this hour" starts right now. >>> hello, i'm ryan nobles in today. we are learning more about what led to the dramatic fbi raid of president trump's former personal attorney. this morning prosecutors released the search warrant documents from michael cohen's home, office and hotel room almost a year ago. the big headlines from the hundreds of pages released. the special counsel was investigating cohen far longer than previously known and investigators were able to reveal years of e-mails from the time that cohen worked for president trump. kara, what are you learning from these documents? >> reporter: we are scouring through these nearly 900 pages of documents. a couple of things that really jump out is that the special counsel's investigation began in may of 2017. just two months after that they had already applied and been

the president tweeted that he spoke to mary barra about lordstown and he said he asked her to sell itthat barra blamed the uaw. the tweet was the third time president trump took to twitter to voice his frustrations about gm's plans to cut thousands of jobs and close factories. saturday suggested a new owner could manage the plant but time is of the essence. production at the ohio plant ended earlier this month. and he also criticized the local union president david green telling him to get his act together and produce. green did not respond to a request for comment. gm said sunday its main focus is offering jobs in other plants. and remember the president some months ago had told those workers don't sell your house, i'm going to make sure you keep your job. so this is a political moment for him. >>> global stocks beginning the week a little higher after a good week for u.s. markets. futures are slightly higher. the dow friday up 139 points. for the week, look at this, the dow rose 1.6%, s&p 500 almost 3%, nasdaq up 3.8%. and now the s&p and nasdaq are at the highest since early octobe

the president tweeted that he asked ceo mary barra to sell the plant. democratic leader of a local union. lyft is hoping to raise more than $2 billion in its ipo. the second largest ride-hailing service coming out with offering today. raise 31 million shares at a price of $62 to $68 per share. businesshe bloomberg flash. taylor: thanks. time for the single best chart, -- in line to my chart, lyft has the ipo news, but comes on the heels of that 2019 has been a very low year. basicallyhis has been pure demand side. i remember the snap ipo a few years ago. the has not gone well. talk to me about lyft. to $68uation between $62 a share we are seeing this morning. here.nks for having me when i was speaking to tom two weeks ago on the radio, i was putting the valuation between $20 billion and $25 billion. this is my rationale. when i look at this company, it is a platform company. sales for a typical u.s. company, it is between 2, 2.5 times revenue. 7 andplatform has between 10 times revenue. if you take current revenue for lyft and take it its current growth

time is of the essence the president added he spoke with gm's mary barra regarding the plant closure.he military and not the u.s., terrible the good news is they helped crooked hillary clinton and not trump and how did that turn out. both companies issued statements regarding the president's comments american good morning, guys good to see you all. >> jimmy, your quote toad out this morning on twitter. essential lit comments he is making on gm are in their own way more socialist than anything that the gop has accused the dems of, right >> i think it is -- it is highly inappropriate, and if we want a dynamic economy we can't have the president trying to micromanage the business decisions of american corporations now, companies spend a lot of money on brand-building, and they have the president on twitter repeatedly, particularly in the case of gm, sort of saying, you know, suggesting the company dobbs doesn't have the interest of americans at heart, and then it previously actually a sort of threat at gm executives that they need to build cars in the united states. i mean, that's bad ec

>> if you're mary barra, number one, you can use it to deploy, keep doing this stuff. the big consumer packaged goods companies, tech companies, had they want to place bets out there. they can't assume all the innovation will come within. i think it's a nice return on investment. you might want to keep deploying it in other things that are going to help take gm to where they need to go. lauren: ian wishinggrad, it will be exciteing to see where the stock opens and -- ashley: where it closes. exactly right. let's check in with futures. they're pointing slightly higher, the dow up 37 points, s&p and nasdaq up about a tenth or two. all right, coming up next, president trump lashing out at democrats. >> the democrats have to now decide whether they will continue defrauding the company with ridiculous bull [bleep] ashley: we needed a beep. the president doing a victory lap. we'll have more details on the rally coming up. outrage over the mouse house, the changes at disney parks that might have parents thinking very unhappy thoughts. hmmm. you're watching "fbn: a.m." ♪ rhyth

and when mary barra, the ceo of gm came out and made that announcement in november that they were shuttingthe president responded right away saying, he was very disappointed, even threatening to cut some subsidies for the company, but we spoke to the local union leader here in town and he said that promise that the president made to them of bringing autoworkers >> this was a blue county before president trump came through here and promised to, you know, don't sell your houses. all of these jobs are going to come back. we haven't seen that here. have only seen jobs leave. my dad worked there. he came here when the plant started. i got a job here. yeah. a generational thing in some aspects. i think that the corporation is dropping the ball on its numbers right now. it feels like they are dropping the ball. like they are offering these jobs. there's not enough jobs for people and some people have children with special needs. they have parents they are taking care of. whatever it is everybody has a different situation. not everybody, it's not easy to pack up and move your stuff. >> gm this mor

cheryl: it's interesting too, because mary barra has basically -- she talked about those steel and aluminume this announcement but still that's something that has not changed. steel and aluminum prices, that's cost gm and ford about $1 billion each. do you think that that's something that could be changed, in particular this heated this environment where you've got ohio, the president's going down there and the auto making industry is very important to him and its survival. >> certainly. trump requires the rust belt and keeping the formerly blue wall in order to win re-election. so as long as this trade war keeps on going, the costs will keep going up. one quarter of last year, gm saw a commodities cost increase of $300 million. these are not cheap. each quarter g only profits -- not only, about $2.4 billion a quarter, per quarter, so if these costs are now racking up into the billions of dollars, something's got to give. trump those make a deal. cheryl: he's been really blaming as well local union leadership, david greene, who is the local president there. but at the same time, gm and this

he said yesterday, just spoke to mary barra about the lordstown ohio plant.ed when everything else in our country is booming. i asked her to sell it or do something quickly. she played the uaw union. the president also didn't like what the head of the union local in ohio david green had to say when asked on fox if union workers were going to stick with the president in next year's election. green said the gm closing but losing a kmart distribution center and hospital closed as well. listen here. >> you know, i think that's really just a matter of opinion. some folks i know have switched gears, right, and thought when he came here and said all these great things that they were on board with that. people are starting to wake up. part of it's ego, too. if that's your guy, you're gonna stick with him. >> reporter: president then lashed out green on twitter. also lashed out against fox news which had him on. then took on gm and the union for waiting until october to decide the final status of the lor lordstown plants. the president tweeted they are going to start

. >> hadley, over and over people say general motors is well-run company because of mary barra as ceo and general motors selling a lot of vehicles. they sold 3 million of them, other places like china are a big headache for them since sales are sliding, so if you're gm, what do you do? >> i think that is a great question. but i want to respond to something jonathan said in terms of tariffs. i know there are people within the trump administration who believe we should have free trade and that tariffs have a cost for the economy, certainly for producers like gm. i think a question is whether we're using these tariffs as a trade policy or whether we're using them as a trade negotiation tactic. of course if the president is signaling that we'll keep the tariffs in place even after a deal is reached you know, it's a good question. do we trust china? can we have a trust an verify for the policy with china when it comes to trade deal. my hope the tariffs would roll back after a deal was verified with china. susan: todd, also we had jerome powell, federal reserve chairman bringing tariffs bec