mary barra meeting with president trump at this very moment. we have live updates as they come in. that and so much more on "making money". ♪ charles: the united states and china they have agreed to return to the negotiating table next month in washington. that news has the market pointing up. will there be a break-through to end the stalemate? edward lawrence live at the white house with the very latest. reporter: reading the crystal ball, the last phone call was 23 days ago. they said they would set a meeting between the primary level, that timeline a little bit delayed. the call happened thursday nine cheese time. on the call it set a meeting for early october. leading that call there, are the four people on the screen there. u.s. trade representative, the treasury secretary, the chinese vice premier and chinese commerce minister. in a statement from the u.s. trade representatives office, they're saying deputy level meetings take place mid-september to lay ground work for meaningful progress. the statement says, the primary level meeting will happen at some point in a few weeks.

at the white house today, president trump will be meeting with general motors ceo mary barra.en the president's wrath by indicating that she wants to still expand globally. he says the cost of american jobs. she says no. >>> in the meantime, facebook is launching a new dating site. as some users tell the platform to lose their numbers. they don't like the idea, i guess. >>> meanwhile, stocks are soaring on the trade talks in october. and right now, it's affecting and helping virtually all the stocks save coca-cola and johnson & johnson, of the sectors we closely follow in the fortune 500. only the energy side is down just a teeny bit. let's get a lay of the land here where we stand with three hours to go of trading. will rind, lauren simonetti and mark adamo. let me get your take on today. a lot of expectations. they might have been buoyed by reports out of china or news sources sympathetic to china. what do you think? >> there's a lot of hope and a lot of money on the sidelines jumping in at any bit of news. right now, i don't see the chinese having changed their position. th

>> reporter: well, we had an , interesting visitor to the white house today, gm ceo mary barra was here. the white house not reading out what was in that conversation between the two leaders, but presumly, president trump a mary barra talked a little bit about china and trade, given that gm has such a big presence in china and a global supply chain. the president having the opportunity today now to hear from of america's biggest ceos. >> eamon javers at tte w house forte us. thanks. >> reporter: you bet. >> as we mentioned, the trade news lifard thet today, but can you trust the rally? we're joined right now by larry adam, chief investment officer at raymond james. larry, welcome. nice to have you here. >> thanks for having me, sue. >> that is the question. i mean, investorsave really been whip-sawed with every headline on trade. how do you feel broadly speaking abt the move that we saw in the market today and whether >> reporter: well, i do think it's sustainable because i think by the end of this ye, we'll be back at record highs, and i think that will continue into next year. but i t

jason: here is a look at gm and the ceo mary barra. >> what gm has been doing for the past five yearsere downsizing their core business, they sold european operations and led russia and southeast asian markets. they have downsized by getting rid of certain models and plants in the u.s. that make small cars or thinly profitable models. barra'sis doing, mary strategy is getting out of low-margin or money-losing businesses that other carmakers like gm have participated in for decades because of corporate inertia and car companies thought they had to sell every vehicle to everybody. she is getting out of that and she is putting the money she saves into electric cars and autonomous vehicles because she sees that as the future of the company. strategically and in terms of capital spending financially transformative for the company if she can pull this off. is to sell cars to individual owners where you make a lot of money. taxis, transportation with a self driving electric taxi at some point. gm will become part manufacturer and part service if all this happens. it will take time but if she

carol: coming up, general motors ceo mary barra is electrifying the carmaker.she's got to settle a strike. jason: and what was bayer thinking? as losses pile up, we look at the $63 billion purchase of monsanto. carol: this is bloomberg businessweek. ♪ ♪ ♪ ♪ carol: welcome back to "bloomberg businessweek." jason: still ahead, trumpcare. under the current administration, health insurance doesn't cover the bills has flooded the market. carol: and how trump's fda gave vaping room to breathe and grow. jason: we begin with the new stories this week. union workers walked off the general motors production line and shut down the automaker for the first time in a dozen years. carol: workers who had made concessions to get the company through bankruptcy now want a quid quo pro. near record profits for three straight years. jason: we have a look at the company and ceo. >> they have been downsizing things in the core business they sold the european operations. they fled russia and southeast asian markets. india. they have downsized by getting rid of certain models and plant

in fact, gm's ceo mary barra just wrapped up a meeting with the president before 3 p.m. eastern.e had a productive and valuable meeting with the president as she departed the white house. but let's get to the floor of the new york stock exchange where we find gerri willis with more on all the news that's making headlines and powering this big rally, gerri. >> well, there is a big rally going on, and as i've been reporting all day, the stocks that are leading the way not necessarily the ones you would think of, right? ibm doing very well and a lot of old-fashioned technology the stocks. you're also seeing on a story you just reported, auto companies doing very well. ford up 2%, general motors up 3, bmw up almost 2%. this is because it has been a confusing world for the i automakers in which they basically had to pay attention to emissions standards in all 50 states. of course, california leading the way because they have 12 of the entire auto market. but that's going to change because the epa and the national highway traffic safety administration are saying, no, no, no, we want on

melissa: mary barra goes to washington. the general motors ceo meeting with president trump in the oval office less than a week after the president took to twitter to lament gm's significant races in china. blake burman live from the white house with details. blake? reporter: every now and then the president takes to twitter to give a an opinion on general motors. he got to sit down face-to-face in the office office to speak with chief executive mary barra. the white house not providing a readout what the two talked about citing private conversations. there are a host of issues for the automaker. among them negotiating a new contract from the uaw and the closure of plants. they stand as an interested party to the president's trade war with china, a battle over fuel efficiency standards for vehicles. you're looking of video of barra as she left the white house this afternoon, a very, very short comment from her as she faced the cameras after meeting with the president. listen. >> what did you hear from the president today? >

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

shery: gm ceo mary barra is betting big on the future of electric and self driving cars, but tens ofds of workers are on strike. we cover the story for this week's issue of bloomberg businessweek. david, let me get started by asking you if there is any progress in these negotiations? how long will the strike go on for? david: there is some progress. plodding along might be a way to put it, though. there are some big issues here. whatrary workers is one, will happen to the plant in lordstown, ohio that has been idled and pretty much is being sold by gm? that is the one in president does president trump has been so interested in seeing open, because that district in ohio was crucial in the election. temps, the union wants fewer of them. gm wants to get out, the union would like to see something built there. the other stuff, wages and benefits, they can usually come to an agreement on, but somebody will have to cave one way or the other. that is where we are right now and it could probably go on -- i would say for possibly the next week, but you never know. you hit a breakthrough in one

mary barra makes its way ok so will she is one of the top 20 highest paid c.e.o.'s and publicist let's just take a guess per year. 10000000. i'm going to go with a cool 30. all right so kind of right in between both of that she makes $21000000.00 she made 21000000 last year and 2 years ago before that she made another $21000000.00 that that now g.m. made 8000000000 dollars last year and that's kind of what's coming to a head with this so workers really want to piece of that pie especially since if you remember back in 2014 there was the major auto bailout where g.m. was given $11200000000.00 to fix itself those workers stayed and they helped that company come back up to where it is now and so again the talks were scheduled for today starting at 10 am everyone's been following this but this you know kind of workers are trying to really hope that this is going to help because the last time this ever happened it was a 2 day walkout 2007 that was like shooting darts at a tank really did not then and workers they are trying to they are planning to see this all the way t

we just had mary barra been using -- visiting.tainty of planning for five years out for it is difficult when you don't know the rules of the road. still ahead, a quarterbacks signal will not the only one you will be pay attention to mr.. boosting the game of wi-fi for fans next. this is bloomberg. ♪ >> on thursday, we work is tsgnificantly de-evaluating i ipo. the cofounder is feeling the heat, but one of the company's most powerful investors could be hit even harder. its affiliates own about 29% which means it is tied up in a big way. to discuss, i'm joined by sarah mcbride. i have to ask, how does sulfate valuationk respond to that is half of what it was? >> there is a lot of consternation about this, which was not nearly as enthusiastic about investing and we work as other parts of softbank and there is a lot of tension within the company over investment. a within that tension was meeting between softbank and we work? year, we weres told that the valuation would be at least $47 billion and the evaluation is going to be closer t

. >> reporter: within the past couple of minutes we saw gm ceo mary barra departing her meeting withresident trump in the oval office no indication yet what was discussed during the course of that meeting we believe that china was among the topics likely to hit on during the face to face session. mary barra telling reporters which was a productive and valuable session as she walked out and meanwhile a story that's now on cnbc.com focused on those chinese media outlets and blogs seen as a mouthpiece directly for the chinese government and possibly a bit of an attitude change on these china talks from some of those outlets. global times saying there's more possibility of a break through with the new round of talk that is a blog saying it's very likely of new developments in the china trade talks so that's an indication of optimism coming directly from some of those media outlets that are seen as speaking directly for the chinese government not clear what's driving the change in tone at the white house they say they're taking a wait and see approach on those talks. >> eamon, either way,

i wasn't at the discussions and, you know, neither president trump nor mary barra shared the contextculation i think president trump probably told her i don't appreciate general motors having all these factories in china and mary barra probably then turned around and explained to the president that general motors has had these factories in china since the early '90s or even before and that chinese production is not -- doesn't get exported to the united states, it's for the chinese market. at that point i hope, you know, mary barra probably understood better where the president's frustration is coming from and the president probably understood, i hope, that he was mistaken about gm's intentions on production in china >> hey, bob, do you have a twitter account? >> no, i don't i do emails. >> you do email. >> yeah. and text. >> i was just wondering. last time you were on you always have some interesting things to say about tesla. reonse you would have gotten on twitter as an aside, a lot has happened with tesla, elon musk, everything else since the last time you were on you weren't that

keith: president trump had gm's ceo mary barra in for a visit to the white house the week before lastked about the negotiation. he has tweeted and commented on this impasse. he's encouraged both sides to get together. he has not been too harsh about either side. he says lots of auto workers voted for him and like him. he feels like he has a kinship to the labor vote. how's the issue with temporary workers? keith: that is a big one for the union. they feel like auto companies, all three of them, overuse temporary workers and those workers are paid less, have fewer benefits, and fewer protections against dismissal. they would like to see less use of those low-cost workers. they also want workers who are new to the company to grow into the top rate quicker. right now, it takes eight years to grow to the $30 an hour rate that you get at the top of the uaw scale. they would like that reduced to four years. shery: we have seen the uaw distracted by a federal corruption case against its leaders. how has that played into the negotiations, if at all? keith: it really looms over the negotiation

out that the ceo of gm made $22 million last year, 281 times the median gm worker so going after mary barra and someone who has steered this company through treacherous, treacherous times. but you're starting to see sort of a populous play here that these are real workers. don't pay fat cats and executives. >> it's bigger than gm. that julio castro tweet to the point of seeing more democrats favor socialism versus capitalism in the gallup polling, whether they mean what it means in practical terms but what's a fair and just capitalist system? we'll keep following it. >> fascinating stuff. >> the multiples with the ceo makes versus the assembly line worker growing for decades and another broader issue. >> these are some of the highest paid assembly line workers in the world and a global marketplace and trade policies raising costs for the parts and raw materials so you have got an auto industry that's facing declining global car purchases and probably continues and focusing heavily on suvs and trucks. we have gas prices go up because of the middle east and then in a tough situation there, to

and guys, on a separate font we heard the president there talking about ceo mary barra of gm who he's now know that a number of ceos will be taking part in a meeting at camp david tomorrow with the vice president mike pence and ivanka trump this is going to be a meeting of the american workforce policy advisory board it's the third meeting of that group. they're going to be having a dinner at camp david tomorrow and a tour of the facility by mike pence that's a rare thing. we went back to look to see if we have found anytime. it will be an unusual setting for the ceos to hash out some of their issues about the economy and talk with ivanka trump and mike pence tomorrow ahead of the third formal meeting of the board on wednesday >> quickly eamon, can i just ask you about this comment and this little question that trump started answering about the fact that we were low on ammunition what was he talking about? >> reporter: well, you know, i don't know specifically. he says general mattis told him that they were having issues with ammunition in the u.s. military and we're going to have to

former san antonio mayor and hud secretary julian castro -- who noted in a tweet that gm's ceo mary barra made nearly $22 million last year, which amounts to 281 times the median gm worker. varshini prakash, executive director of the sunrise movement, also threw her support behind the strike, tweeting -- "all workers deserve a right to fair wages, guaranteed healthcare, job security and basic dignity." manhattan district attorney cyrus vance has subpoenaed president trump's accounting firm mazars usa for eight years of trump's personal and corporate tax returns. new york city prosecutors are investigating hush money payments made to stormy daniels during the 2016 presidential campaign and whether the reimbursements made to michael cohen, trump's former lawyer and fixer, were illegally accounted for as a legal expense. trump has refused to release his tax records, claiming for years he is under audit. house democrats have attempted to obtain his tax returns via subpoena from the treasury department and irs, but have so far been unsuccessful. house intelligence chair adam schiff has accused

mary barra has been very disciplined, wanting a company that's efficiently run. >> support for unions in this country, apparently on the rise, a gallup poll came out not too long ago. 64% of americans now approve of unions. that's a number that's apparently up from 50%, a decade ago. to what do you attribute the rise? >> i think it's people understanding that when -- even when people are employed they are underemployed. their wages aren't helping them make what they need to make to cover the kitchen table issues. they're seeing that when they're employed they have to hold two or three jobs, particularly in a gig economy. the only reason a lot of people are able to afford insurance now is because of the obamacare open market which is being continuously gutted by the trump administration. i think people understanding all of that and looking back and saying -- looking at our history and saying what actually got us to this point, a lot of it is unions, 40 hour workweek, paid vacation and paid overtime. people understanding that. but also looking at where unions are growing, private sector

charles: president trump called out general motors specifically and mary barra at the white house recentlyk if you're watching from the outside, you're a union member, you might think the president is on your side in this one. hadley, thank you very much, appreciate it. >> thank you. charles: bernie sanders unveiling the new 2 1/2 trillion dollar affordable housing plan. add that to "green new deal," "medicare for all," forgiving student debt, we'll do the math during the commercial break. our political panel will weigh in. despite a down day on the markets we're still hovering near all-time highs. what will it take to push us over the threshold? ♪ charles: investor waiting for the political fall rout from the saudi oil strikes. china's economic data was terrible. they weaken on several fronts as the trade war weighs on. i can't r want to bring in katherine rooney vera. great to have you in studio new york stock exchange thanks, charles. charles: you're one of the best tying in geopolitical risk and the stock market. the big news are attacks on auto fields. everyone is bracing for what the

i had meetings with mary barra, the head of gm. and i don't want them leaving our country.em building in china. i don't want to build them in other countries. i don't want these big, massive auto plants built in other countries. and i don't think they will be doing that anymore. you know, general motors makes most of its money in the united states. and it is too bad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the u.s. embassy, which we have to have approved, not only for the unions, but for the auto workers, the farmers and that manufactures and everybody. everybody wants mca, more important, but people wanted, i'm sad to see the strike, hopefully it is a quick one. > >> president trump: it's never exhausted. in fact, the crown prince can tell you especially in your part of the world it's never exhausted until the final 12

again, ceo mary barra of general motors making the way to the car leaving the white house after meetingident this afternoon. >> this, of course, days after trump dug in to gm. >> again. >> in a couple of tweets saying that perhaps they should move jobs back to the u.s. with a government handout and now one of the smallest automakers in detroit. >> she didn't just get into a ford, did she? >> can you imagine rewind the tape. >> a jeep? gm. >> all right we have news out of the fintech world. stripe is expanding the empire the company is launching stripe capital a lending service to offer loans the help small businesses grow. joining us is cnbc.com markets reporter kate rooney joining us from san francisco when i read the story i thought immediately they're taking a package out of square's play book in terms of offering loans to some of their customers. >> they are indeed stripe as you know competitor to square they have customers of uber, lyft and target. they're getting into a completely new line of business which is lending so as you know square, paypal and amazon are already doing lend

also want to ask you, i believe mari barra is headed to meet with the president any moment. >> she's going to be here within the hour so we expect to see that that meeting has happened we don't expect to see that meeting, though, because they're not opening it up to cameras as of right now, talking to folks in the west wing asking if we can bring our camera in we'll let you know if we're successful with that i'm told it's going to be a wide-ranging conversation between the gm ceo and the president of the united states not one specific item but you can imagine the china trade and tariffs are all going to be in the mix in the oval office this afternoon. >> oh, yeah. they've had a lot of criticism from the president, of course. a lot to talk about today and maybe they'll open it up for us. eamon, thanks very much. >>> let's dive deeper into today's market action with seema mody on the floor of the new york stock exchange. we've made up a lot of ground since the first tweet about those new tariffs. >> yeah, that's exactly right. stocks once again getting excited about a meeting between u

eastern time mary barra set to meet with president trump at the white house today. a variety of issues are on the trade including trade, contract talks and revising fuel efficiency standards a couple of analyst notes, calls to note this morning comcast, you heard of them, upgraded to outperform from perform at oppenheim with a $50 price target among the catalysts, they point to the broadband strength, secular improvements in cable and comcast is our parent company. lyft initiated with deutsche bank as a buy rating and get this, a $70 price target the analyst thinks the stock may be bottoming out has four reasons why they're optimistic on lyft 70 is a price we saw for a day directly after the ipo the stock is at $47. a tough ride as a public company for lyft now back to the macro markets and your money stock futures, they continue to gain strength up about 245 points right now optimism that trade talks may resume we have been here before joining us now is dan brew of palisade capital management. we have been here before we have to stop meeting like this, dan. in 20 y

. >> "just spoke to mary barra, ceo of general motors, about the lordstown, ohio plant.t happy that it is closed when everything else in our country is booming i asked her to sell it or do something quickly. she blamed uaw u i don't care i just want it open. >> seth: hey, ass[ bleep ] you told them not to sell their homes. a tweet whining that you're not happy isn't good enough. it's like if your buddy told you invest everything you have in bitcoin and then when it crashed sent you a text that was just a dollar emoji and a surprise face [ laughter ] also what do you mean, "i asked her to do something? do what? you're the guy who said you were going to save the jobs you're supposed to have the ideas. like a plumber who shows up and takes a look at your toilet then just screams, "unclog! [ laughter ] and by the way, that plant in ohio is far from alone in fact, just two weeks ago, gm idled another plant in michigan, which might come as a shock to people who were at these trump rallies in michigan in 2016. >> i've been saying your car industry is being sucked away from mich

i think i had meetings with mary barra, head of gm. and i don't want them leaving our country.ant them building in china. i don't want to build them in other countries. i don't want these big, massive auto plants built in other countries and i don't think they will be doing that anymore. general motors makes most of its money in the united states and too bad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the usmca which we have to have approved for, not only for the unions but for the auto workers but for the farmers and for the manufacturers, everybody, everybody wants usmca. it is very important even more so now than it was two weeks ago but people really want it. i'm sad to see the strike. hopefully it will be a quick one. reporter: [inaudible] >> no. it is never exhausting. in fact the crown prince can tell you, especially in your part of the world it is never exhausted until the final 12 seconds

. >>> general motors chief mary barra heads to the white house. pretty sure trade's going to be on the top of her agenda. susan: trade, jobs. stuart: plant closures. bringing back production to america. that's going to come up. look at that. gm is now at $39 a share. languished in the mid 30s for some time. mary barra goes to the white house, upside market and gm gets to $39. how about that. >>> oh, by the way, we get the latest read on mortgage rates coming up at the top of the hour. ashley lives for this. ashley: i do. stuart: scott, if we get lower rates, as ashley and i have been confidently predicting for a long time, we haven't got them yet, will that boost the housing market? >> well, don't sell yourself short. i think you have been constantly correct on a lot of those. we are starting to see rates finally catch up. i was talking to a couple mortgage guys yesterday. they said rates are coming down sooner than later. that's a good thing. i think it will be good but i tell you what's interesting. for the last six to 12 months, the housing mar

. >> mary barra's says she wants them to be selling one million electric vehicles within a few years.. they are really moving into that space. they've made a lot of acquisitions and they are in the middle of a huge strike. alix: they also have automation and a really big timeline for that. can they do this? lvia: it is pulling the plug on gas powered vehicles into electrics. it will be important to watch. sherri: new york city, although it only accounts for 1% of the global revenue, it is whether a city has really typed tenants laws, so whether they will be successful for the future. alix: so new york is the only selling block, or will other states follow? sylvia: it is a real point of interest right now. if new york pulls back on those, perhaps others could. how to makeea is any worker more productive and make better products, and that applies to bees. sherri: exactly. they start with a solution that makes bees more productive. energyet be five hour energy.l it bee ok.: silvia killingsworth, thanks very much. you can read all of these stories in the latest edition of "bloomberg busin

president trump meets today with the general motors ceo mary barra just days after he blasted the companye. the ceo is hoping to discuss jobs, trade, and fuel economy standards. the president has criticized gm plans to close factories in michigan and ohio, states crucial to his reelection hopes. ing will consider keeping cuts in its trading division if the market environment does not improve according to the chief executive officer. he spoke to bloomberg in frankfurt. >> we have decided in some countries to pull back. we have just guided on the equity site -- we have decided on the equity side already to pull back. this is a continuous process. where you see there is opportunity in line with your clients, for example we are going fast on the commodity side. ritika: the nfl season gets underway tonight and begins as the league confronts a hard to believe economic truth. just being a billionaire is not enough to afford a pro football team. the league is thinking of changing ownership rules to attract buyers outside the richest of the rich. the average nfl team is worth $2.9 billion. limits

mary barra, talk to phil. >> talk to phil. >> talk to phil. >> dr.l. >> doctor of automobiles, anything that moves, he's the doctor of. >> like the best there is. ive with we have to move on i'm going to praise phil again >> a strike goes on. thank you, nike. dow up 58. to bob pisani. >> thank you very much for nike. dow is up. almost half of that is due to nike about 30 points. mixed trading, very indeterminate day here this is one of the days you can't mca lot ake a lot of concs banks up a little bit, utilities unchanged. healthcare unchanged the trend really in last couple of weeks has been away from the value stocks, names we had, remember the big rally we saw a few weeks ago in retail and banks and industrials? that's faded in the last couple of weeks these had a great start to the month of september instead we have more defensive, not so much today, utilities, for example, are back essentially at historic highs. now it is essentially back to historic highs you see looking at that. elsewhere, the thing alarming to me, ipo market got slammed in t

this boss is not doing as well so the question is there might be a limit to what mary barra, the board> yes. you would think we would have learned this lesson. i mean, the company went through bankruptcy because of the commitments they made that they couldn't keep to pensioners and union demands over a generation. that's exactly what happened economically. it's indisputable. right now, for julian castro to jump in with that kind of class warfare is so unreasonable. neil: to be fair, a lot of those candidates are doing it. >> that's right. that's right. i think that it will be a campaign issue but i'm not convinced it's a winning one for the democrats this time around. neil: the president kind of sounds like he backs this. >> there's two issues. number one, you have to make sure we are taking care of american workers. that should go without saying. number two, to your point, we have julian castro talking about $22 million salary for a ceo. let's be very clear. that's not even a freedom dividend level of payout if you want to take all that money and give it to those 40,000, close to 50,0

check it for example, last year gm sold more cars in china than it sold in the united states so if mary barragood information, we can double check that against the chinese data this is, i think, the best consumer story in the world right now. >> larry, we saw the u.s. dollar, the dxy close above 99 for the week, not a huge gain as a whole, but nonetheless, quite near highs of the year what's your take on that and whether it will weigh on earnings in the quarters ahead >> i think you bring up a great point. with earnings season, i think that will be a big story, but i think it is a two and a half year highs when you look at the dollar if you look year over year, which is what earnings are calculated off of, the dxy, the trade-weighted dollar is up about 4% and if you look versus currencies like the euro, it's up like 6% i think you'll see a lot of commentary out there about how some of this strength in the dollar is starting to hamper earnings >> pretty disappointing report, barbara, from carnival yesterday. it closed down, i believe, about 9% and again lower today. next week, we hear fromb be

maria: totally agree, let's turn to gm, president trump confirming will meet with ceo mary barra.r thoughts on this as we know over the last couple of weeks the president has basically asked the u.s. companies to move out and take their supply chains elsewhere, not an easy thing to do. >> not at all, would be in president trump's interest to look like he's having conversations and look like he's getting wins, big moment for him, if he can come away out of this morning, you can see how it can help president trump. dagen: he was tweeting last week, when he start to tweet about something you wonder what was the trigger, what caused him -- [laughter] dagen: exactly, i will point out something that general motors employees more people in china now than it does in the united states and the united auto workers union according to website, 58,000 workers in china, 20% more than its domestic u.s. force. we lost $11 billion on the bailout, it always goes back when you get a bailout, you basically, you're on the hook for greater government intervention as far as the -- >> we don't want the go

everybody wants to be the fly on the while, the meeting that he had with mary barra, we would like tohat happened there. david: thank you very much for being here, great to see you. >> thank you. david: journal reporting that uaw cost could a hundred million dollars a day. you don't live too far from the wilmington, delaware plant. >> in fairness the plant has closed. i live about 10 miles from there, 3 miles from chrysler closed in the last 10 years and that has -- >> how many people lost their jobs? >> 3500 and 2800 in the other. there's so many things going on and so many moving parts in this particular -- in this particular standoff and a few of them i think are interesting that gm was planning on this, 77 days worth of cars in inventory sales where the average dealer or car maker has about 61. they also have 17 and a half billion dollars in cash, 16 and a half billion dollar credit line, so they are ready to do this and the uaw, i think, to your point earlier in the corruption with what's going on there, i think it's coming in more willy nilly, we want a fair settlement and not t

the ceo there mary barra at the white house.nd fuel efficiency standards. president trump criticized g.m. last week for moving several american manufacturing plants over to china. steve: meanwhile will and grace star debra messing that woman right there walking back her comments after demanding release of president trump supporters a list of them. she said i never nor why ever call for a blacklist of anyone for any reason. info is publicly available. i, as a consumer, want to know where my money is going when i pay for entertainment. just as you would have the right to not watch will and grace because i don't support trump. i have the right to not go see and pay for a movie with somebody supporting babies in cages. it's first amendment. information, knowledge. that is how we make decision. ainsley: nobody supports babies in cages. brian: this comes a day after co-star eric mccormack there seen smiling also reverses course. where do we go from here? ainsley: comedian michael loftus. >> this is hilarious. it's really the awkwardne

world having been in the old days having been one of the worst managed companies in the world with mary barratimate gm and whole auto business i think, and gm thinks they are ahead of that. whether it is electric or autonomous. i think it is focus. part of the thing with auto companies they have to focus what they do best. gm led the way in terms of withdrawing from certain countries rand withdrawing from certain brands. that is the reason. i think it is much more after high-tech company that people understand. david: the proof is in the pudding. they have a 6% profit margin. if you look at ford they're under 2%. >> not only that they have abundant free cash flow. one of the great surprises will be when we go through slowdowns or recession right now we're not expecting but we think the that gm will continue to generate free cash flow and come through it far, far differently than it ever has in its past. david: very good. china, finally let's talk about that a little positive movement in there, we have released 500 products from the tariffs, coming here. is, is this a truce or, at least it mea