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Oct 10, 2019
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just gave people at the top of the hour that it's been revealed there was a secret meeting between mary barrars to try and find a solution to this? >> what took mary and the board of directors to decide to do that? principals should meet with principals. there should be a monthly ongoing a rapport with your biggest source of work, and that's called your laborers. so this whole idea of this is a clandestine meeting? i say, why? liz: well, yeah. i mean, why haven't they been talking all of this time leading up to it in and you talk about short memories, going back to the financial crisis when gm had to get a bailout and who gaven concessions? >> the uaw did. listen, i don't want to sound like i'm pro-uaw, anti-gm. i'm pro-common sense. and general motors has not exhibited that, and it's happened not just in this, but it's happening with their marketing. there is a moat around the executive offices of general motors. i think ms. barra needs to tell people don't protect me from the outside, i've got to go on the outside. and it's not just cute or nice or a photographic photo opportunities. we nee
just gave people at the top of the hour that it's been revealed there was a secret meeting between mary barrars to try and find a solution to this? >> what took mary and the board of directors to decide to do that? principals should meet with principals. there should be a monthly ongoing a rapport with your biggest source of work, and that's called your laborers. so this whole idea of this is a clandestine meeting? i say, why? liz: well, yeah. i mean, why haven't they been talking all of...
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Oct 10, 2019
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it was mary barra herself, as well as two top negotiators from general motors and two top negotiators on the uaw side. uaw president gary jones and the vice president. as far as what was discussed in the meeting that depends which side you ask. the purpose i'm told to inject new life into the negotiations and get two sides to really get back together, to start taking contract talks seriously again. you remember over the weekend things hit a wall in terms of the contract negotiations. i'm told that kind of carried into the week but then, the meeting seems to have worked because after this meeting yesterday, talks continued late into the night on wednesday night and then actually into the morning until about 3:00 a.m. today. there is really growing pressure on both sides to reach a deal on this, the union workers, some of them getting frustrated because they're only making 50 bucks a day in strike pay. on the general motors side the stock has been slipping since the strike started. a lot of pressure. seems like the ceo getting involved to maybe put an end to all of this? melissa: grady,
it was mary barra herself, as well as two top negotiators from general motors and two top negotiators on the uaw side. uaw president gary jones and the vice president. as far as what was discussed in the meeting that depends which side you ask. the purpose i'm told to inject new life into the negotiations and get two sides to really get back together, to start taking contract talks seriously again. you remember over the weekend things hit a wall in terms of the contract negotiations. i'm told...
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Oct 15, 2019
10/19
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what do we know about what is happening with mary barra and the uaw?g with her bargaining team and a top leaders from the uaw, there until about 11:30. no word on what is coming out of it, but all the indications that i'm getting is they are moving closer to a deal. they made progress over the a lot of arms being exchanged, lots of blame for dragging feet, dragging negotiations, but they may progress on key issues like how to treat temporary workers. one open piece was investments. maybe they have a deal there. these things can always trip up at the last minute but it seems like they are making progress. there are reports that gm could be losing $100 million a day. interesting to me, the uaw workers may be on the same side of the deal in that they have profit-sharing, and they could be losing money themselves. >> that's right, they would lose about $2000 in profit sharing, 4000 overall in wages. they know they are making a sacrifice when they go to the bigger lines. as the strike wears on, you start to weigh whether staying out longer is really worth i
what do we know about what is happening with mary barra and the uaw?g with her bargaining team and a top leaders from the uaw, there until about 11:30. no word on what is coming out of it, but all the indications that i'm getting is they are moving closer to a deal. they made progress over the a lot of arms being exchanged, lots of blame for dragging feet, dragging negotiations, but they may progress on key issues like how to treat temporary workers. one open piece was investments. maybe they...
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Oct 29, 2019
10/19
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couple other tidbits out of the conference all with mary barra today, inventories low.adillac dealership here, new ones, the chevy dealer though down the block inventory is very low there. she also said that if she was asked, will gm spend more in the next five years on ezs or gas powered vehicles? she said gm would spend more on evs, like it or not, they don't pollute. liz: i have a hybrid. i love it. >> sure, no smog for you. liz: thanks, jeff, good to see you. jeff flock. from emissions road rage to sky high anger on capitol hill, the closing bell is ringing in 30 minutes. we have red on the screen. s&p down 1. the nasdaq lower by 41. tears, family photos, cover-up claims and accusations of flying coffins of death. just some of the verbal and visual bombs hurled at boeing's ceo dennis muilenberg. we are about to let you hear some of the congressional firing squad attacks on the ceo who appeared before congress for the first time since the deadly air crashes that grounded the entire 737 max fleet. former ntsb james hall is here and what he says about the hearings and
couple other tidbits out of the conference all with mary barra today, inventories low.adillac dealership here, new ones, the chevy dealer though down the block inventory is very low there. she also said that if she was asked, will gm spend more in the next five years on ezs or gas powered vehicles? she said gm would spend more on evs, like it or not, they don't pollute. liz: i have a hybrid. i love it. >> sure, no smog for you. liz: thanks, jeff, good to see you. jeff flock. from...
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Oct 11, 2019
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separately gm mary barra met with the united auto worker iesidentebout t str in heou 5% its1.s. legal challenge against t-mobile and sprint's proposed $26 billion merge ebber.tt the statesney general says the combined wireless company has agreed to bring the fiechg network to mississippi's rural areas.bi t-'s shares up a fraction to 78.30. while sprint was up more than 2% to 6.27. >>> chemical maker craten expects the ye forecast. citing weak demand in asia due to the trade war and sswing profn north america and europe and that stock plummeted about 32% today to $20.42. nd>n a bll wal-marthe announce t ds john fourni is nounsdsed the new the presidentde and ceo of the divisipl. es greg foreign as the air new zealand ceo. wal-martharesolatil in after showers trading tonight after the close of the regular session up a fraction to 119.61. >>> fid eliot now is the latest brokerage to eliminate trading commissions. in this c5e from $4 per online tra toero. fidelity andfiivals are working hard these days to lureore customers with lower cost pructs and services. and f felity also rec
separately gm mary barra met with the united auto worker iesidentebout t str in heou 5% its1.s. legal challenge against t-mobile and sprint's proposed $26 billion merge ebber.tt the statesney general says the combined wireless company has agreed to bring the fiechg network to mississippi's rural areas.bi t-'s shares up a fraction to 78.30. while sprint was up more than 2% to 6.27. >>> chemical maker craten expects the ye forecast. citing weak demand in asia due to the trade war and...
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Oct 18, 2019
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plants th they want to close to maintain profitability and maintntn kind of the lean appach that mary barraincreasingly taken over the last five plus years where she wants the compa to be profitable. both of them have moved and t gotten tos point where neck actually get a v e out there. >> right. but also as netted there is pushback on the plant in ohio. and theres pushback upon a plant in mexico that built the new blazer frinz. it'sot a done deal. >> and now ford and fiat chsler will use in i as a blueprint for thin their own negotiations. does in ctract as you kww about it p at this poipare the u.s. auto industry forhe transformation they're going through right now, fewer sedans ld a lot for suvs and the coming of electrified vehicles? >> you know i think this negotiation process andontract proves it's possible to get through these transition as they're happening but also proves how tough it can be. this was a long strike and cost gm a lot of money and production. and i don't think it's going to get easier. i don't think the deal snifies things are easter going forward necessarily. especi
plants th they want to close to maintain profitability and maintntn kind of the lean appach that mary barraincreasingly taken over the last five plus years where she wants the compa to be profitable. both of them have moved and t gotten tos point where neck actually get a v e out there. >> right. but also as netted there is pushback on the plant in ohio. and theres pushback upon a plant in mexico that built the new blazer frinz. it'sot a done deal. >> and now ford and fiat chsler...
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Oct 15, 2019
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and the ua warks leaders, they talked in the past but today mary barra and the president of uaw, theybargaining table. that's the latest sign that perhaps, perhaps they are close to a tentative agreement in fact, one source told me, he gets the feeling or they get the fe feeling, i should say, that they're in the home stretch of these negotiations the union leaders, by the way, they are going to be meeting in detroit on thursday. at a minimum, they'll get an update on where the talks stand, but there is the possibility that this is when a proposed tentative agreement will be laid out for those local union leaders. and they would, obviously, decide whether or not to take that to the rank and file. by the way, as you take a look at shares of general motors, up more than 2% today keep in mind that there are strike costs that continue to add up here. bank of america, out with a note today saying they estimate that this strike has now cost general motors $2 billion, as we roll into what will be the one-month mark of this strike tomorrow it will be exactly one month tomorrow guys >> phil, t
and the ua warks leaders, they talked in the past but today mary barra and the president of uaw, theybargaining table. that's the latest sign that perhaps, perhaps they are close to a tentative agreement in fact, one source told me, he gets the feeling or they get the fe feeling, i should say, that they're in the home stretch of these negotiations the union leaders, by the way, they are going to be meeting in detroit on thursday. at a minimum, they'll get an update on where the talks stand, but...
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Oct 15, 2019
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general motors ceo mary barra is in the room right now with union leaders.ly people think this is a good sign. how is it going? reporter: i would think so as well. what we do know the meeting has been going on since 9:30 eastern time this morning. what they're talking about, what they're discussing at this meeting we're trying to work it out. this is the second positive sign that a tentative agreement might be near just in the last 12 hours. yesterday the union sent a letter to its local leaders calling them to detroit, summoning them to detroit for a meeting. typically this would be indication that an agreement is near because the leaders have to vote on the agreement before the rank-and-file typical union members workers would vote on an agreement and a contract. so it looks like things are moving in the direction of an agreement. that meeting is taking place on thursday. the meeting with ceo mary barra and union leaders and top general motors negotiators. that is happening right now. if we get anymore details on that meeting, whether there is actually a s
general motors ceo mary barra is in the room right now with union leaders.ly people think this is a good sign. how is it going? reporter: i would think so as well. what we do know the meeting has been going on since 9:30 eastern time this morning. what they're talking about, what they're discussing at this meeting we're trying to work it out. this is the second positive sign that a tentative agreement might be near just in the last 12 hours. yesterday the union sent a letter to its local...
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Oct 29, 2019
10/19
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there you have it, headlines from mary barra. neil: it just drags on. thank you very, very much. meanwhile, senator ted cruz calling for boeing ceo dennis muilenburg to take responsibility for the 737 max crisis. take a look. >> mr. muilenburg, how in the hell did nobody bring this to your attention in february, when you produced this to department of justice? how did you just read this a couple weeks ago? >> senator, again to clarify my earlier comments, i was made aware of the existence of this kind of document, this issue, as part of that discovery process in the investigation, early in the year, as you pointed out. at that point, i counted on my counsel to handle that appropriately. and -- >> did you read this exchange? look, i was made aware documents were being produced. that is passive voice, and disclaiming responsibility. you're the ceo, the buck stops with you. neil: i'm sorry. anyway, that back-and-forth did not go well. let's go to "making money" host charles payne, what he makes of this. you know, you had been mentioning earlier that it doesn't give a great lift to c
there you have it, headlines from mary barra. neil: it just drags on. thank you very, very much. meanwhile, senator ted cruz calling for boeing ceo dennis muilenburg to take responsibility for the 737 max crisis. take a look. >> mr. muilenburg, how in the hell did nobody bring this to your attention in february, when you produced this to department of justice? how did you just read this a couple weeks ago? >> senator, again to clarify my earlier comments, i was made aware of the...
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Oct 29, 2019
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david: i know you have a long-term strategic plan with mary barra. does this strike affect that? it is basically a break even -- you make of an increase cost by increased utility. or does it but general motors ahead of where was before? >> david, i would say we are executing our plan. we made up the plant in terms of strengthening the core business and investing in the future of mobility and making sure we're driving an appropriate array of return in every business we participate in. that is what we are doing today, and this is not going to change that. we are aware of the fact that this is a cyclical business. we ensure that we make the appropriate break-even. the focus we had today going forward is to maintain all of that and execute our plan. david: you need that flex ability because of downturns. need it because you are going through a major transmission of the entire auto industry into electric vehicles, for example. does this allow you the flex ability unique to make electric vehicles, which require former workers than the traditional control c
david: i know you have a long-term strategic plan with mary barra. does this strike affect that? it is basically a break even -- you make of an increase cost by increased utility. or does it but general motors ahead of where was before? >> david, i would say we are executing our plan. we made up the plant in terms of strengthening the core business and investing in the future of mobility and making sure we're driving an appropriate array of return in every business we participate in. that...
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Oct 15, 2019
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thas is a major test of mary barra who has been a phenomenal ceo.bor doesn't deserve more shares. if we go back to what was 20 years ago where labor kept taking and kept taking and management kept giving, you'll find gm in a bad place. the outcome of this negotiation is crucial to what comes next for gm. >> lastly, jon from john in ohio. pinterest. >> i think it is. three months ago it peaked, and it's traded down, this ipo has traded down about 37%. anytime i see a stock bleed off that much into a lockup, it's usually folks trying to get ahead of it and they're trying to game that thinking that when people can get out of that lockup and sell, these folks will be buying back much cheaper. now, if they violate the greater pig theory which is they stay too long on that chart, i think they will be chasing this one back up. dan lobe did a nice job trading this one earlier this year. i would not be shorting it. >> thank you for your questions, as always. shares of roku are soaring. someone on the desk is thinking about getting in. is it who we think is i
thas is a major test of mary barra who has been a phenomenal ceo.bor doesn't deserve more shares. if we go back to what was 20 years ago where labor kept taking and kept taking and management kept giving, you'll find gm in a bad place. the outcome of this negotiation is crucial to what comes next for gm. >> lastly, jon from john in ohio. pinterest. >> i think it is. three months ago it peaked, and it's traded down, this ipo has traded down about 37%. anytime i see a stock bleed off...
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Oct 15, 2019
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it's about fairness, and my message, respectfully, to our gm ceo mary barra is simple.our workforce had your back and they made sack ri feces when you were on life support and now you need to have their back and that's what you're doing. i am so inspired by the work that you're doing. and i have to tell you, i can't help, but wonder about this president who talks about the forgotten man. he can walk 18 holes. why can't he walk a picket line? or maybe his feet are too sore from the bone spurs. so mr. president, you know, actions speak louder than words, and your actions have demonstrated time and time again that you're no friend to the american workers. and now you compare that to the democratic party. don't forget, democrats led by barack obama saved the auto industry! republicans said let them die. democrats created medicare, medicaid, social security, the affordable care act, democrats are leading the fight against climate change, democrats are protecting a woman's right to choose, democrats are fighting for civil rights, immigrant rights, and they're fighting in shor
it's about fairness, and my message, respectfully, to our gm ceo mary barra is simple.our workforce had your back and they made sack ri feces when you were on life support and now you need to have their back and that's what you're doing. i am so inspired by the work that you're doing. and i have to tell you, i can't help, but wonder about this president who talks about the forgotten man. he can walk 18 holes. why can't he walk a picket line? or maybe his feet are too sore from the bone spurs....
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Oct 14, 2019
10/19
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but this is really an example how we move toward electric vehicles that is what mary barra said, we'ren, we can't get angry with fact that company wants to move on. if i were a worker i would be upset that the ceo took that long to meet with reps. >> i would be upset with union management too. >> they are picketing gm dealerships, that does not make sense they are neutral. top fire up your early retirement goal, an aggressive saving plan for millennial, heating up, claim its could do, that some wonder if they will just get burned in the end, we have details on that, and unique retirement investing advice from our own panel here. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. at fidelity you'll pay no commission i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i retu
but this is really an example how we move toward electric vehicles that is what mary barra said, we'ren, we can't get angry with fact that company wants to move on. if i were a worker i would be upset that the ceo took that long to meet with reps. >> i would be upset with union management too. >> they are picketing gm dealerships, that does not make sense they are neutral. top fire up your early retirement goal, an aggressive saving plan for millennial, heating up, claim its could...
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Oct 11, 2019
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. >>> and general motors c etch o mary barra joined talks aimed at ending the month-long strike. she held a top secret meeting with representatives from the united autoworkers union. reports say she intervened after negotiates broke down. associated priss says she sent a letter to the uaw asking for quick answer to the latest contract offer. weare hearing more astronauts could be headed into space very son what's upwith that? >> reporter: i know. getting it ready for us. nasa says spacex could employ the first you as soon as early 2020. the space agency made the announcement in a joint news conference with elon mosqueyesterday. the node for more testing was emphasized and timeline could be changed depend on what will be found. they will oval wait parachute design and they could be ready in the first quarter of 20 a for a test flight. >> that's around the corner. all right. diane king hall. >> reporter: i know. >> we will see what happens. >> reporter: crawsy. >> have a great weekend. . >>> time is 5:40. >> quick thinking from a hotel clerk. coming up, the last-minute decision thi
. >>> and general motors c etch o mary barra joined talks aimed at ending the month-long strike. she held a top secret meeting with representatives from the united autoworkers union. reports say she intervened after negotiates broke down. associated priss says she sent a letter to the uaw asking for quick answer to the latest contract offer. weare hearing more astronauts could be headed into space very son what's upwith that? >> reporter: i know. getting it ready for us. nasa...
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Oct 10, 2019
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. >> cnbc has learned that mary barra had a meeting with uaw's top brass president gary jones and a negotiatorwednesday. she was told the meeting lasted about an hour. and this was the first face-to-face meeting with bar are a oig and the uac leaders. back over to you >>> and to the bond market now rick santelli is tracking the action hi, rick >> and there is a lot of action. and not all of it starts here. we're used to being the center of the universe when it comes to interest rates, maybe that is changing look at the 24 hours of 2s and 10s, we're seeing significant gains and steepening of the curve. ten year up basically a half dozen basis points let's talk 30 year bond. completion of 78 billion in supply, 16 billion was 30 year bounds a c-plus what was noteworthy, the direct bidding best since 2014. look at a chart starting in june, what is notable? it is now above 209. left of the chart, that was the all-time low markets don't forget these important features the fact that we are back above it is significant. finally, let's look at what is going on the other side of the world. let's look at
. >> cnbc has learned that mary barra had a meeting with uaw's top brass president gary jones and a negotiatorwednesday. she was told the meeting lasted about an hour. and this was the first face-to-face meeting with bar are a oig and the uac leaders. back over to you >>> and to the bond market now rick santelli is tracking the action hi, rick >> and there is a lot of action. and not all of it starts here. we're used to being the center of the universe when it comes to...
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Oct 28, 2019
10/19
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and when mary barra came back the second time, guys, much different tenor and tone from her than the first time around so it will be interesting to see how dennis muilenburg handles this, not only tomorrow with the senate, but wednesday with the white house. >> phil, thank you very much we look forward to your coverage of that. phil lebeau. stai still ahead here on "closing bell," the busiest week of earnings season, with google, beyond meat, t-mobile coming up. >> plus, we're looking beyond the bundle this week on "closing bell" with a deep dive on the recently changing media sector ahead, we'll take a closer look at the lucrative sports media market with monumental sports ceo and nba, wnba and nhl team owner, ted lye leonsis is the monolithic view of emerging markets obsolete? at pgim, we see alpha in the trends driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investm
and when mary barra came back the second time, guys, much different tenor and tone from her than the first time around so it will be interesting to see how dennis muilenburg handles this, not only tomorrow with the senate, but wednesday with the white house. >> phil, thank you very much we look forward to your coverage of that. phil lebeau. stai still ahead here on "closing bell," the busiest week of earnings season, with google, beyond meat, t-mobile coming up. >> plus,...
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Oct 15, 2019
10/19
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mary barra is sitting down with union leaders today, ahead after meeting thursday that will take place in detroit. sources told our own grady trimble, the uaw has negotiated a pathway to full-time employment for temporary workers. two sides are still working out the details from what we understand. this issue has been a key sticking point during the talks. melissa: happening right now, president trump meeting with secretary of defense mark esper at the white house. the president just announcing that vice president pence along with secretary pompeo will be heading to turkey tomorrow. blake burman is here with the details. blake? reporter: fairly sizable delegation, vice president, secretary of state, his national security advisor will be leaving for turkey tomorrow. the vice president's schedule shows that he will be sitting down with the turkish president erdogan the following day on thursday. president trump, who of course pulled out u.s. troops from northern syria and received bipartisan pushback for that decision, continues to threaten further sanctions against turkey and says this
mary barra is sitting down with union leaders today, ahead after meeting thursday that will take place in detroit. sources told our own grady trimble, the uaw has negotiated a pathway to full-time employment for temporary workers. two sides are still working out the details from what we understand. this issue has been a key sticking point during the talks. melissa: happening right now, president trump meeting with secretary of defense mark esper at the white house. the president just announcing...
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Oct 17, 2019
10/19
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>> melissa, couple things, i said the other day they wouldn't have bought mary barra and gary jones toey doesn't think they were getting close. seems to me there is a lot of negotiations, a lot of give-and-take. i think this is a very attractive offer on the part of general motors to the uaw. when you think about health care at 3%. they tried to get it to 15. 15 is still half of the u.s. average. if you look at pay scale from, you know, opening at $17 a path now to $30 an hour. if you look at the temporary workers, i mean there is a lot of richness to this opportunity. 3% bonus. the first two years. another 4% the second two years of a 4 year contract. melissa: okay. >> this is i think a very fair give-and-take, what the plants for gm and the financials for the union. now -- melissa: what about gm shareholders then? >> so here is the interesting thing. i want to comment. first of all the fact that the leadership is in conference this long is not a good sign. even if they agree i had experience where they take it to the workforce and they disagree. so the pressure is really on gary jone
>> melissa, couple things, i said the other day they wouldn't have bought mary barra and gary jones toey doesn't think they were getting close. seems to me there is a lot of negotiations, a lot of give-and-take. i think this is a very attractive offer on the part of general motors to the uaw. when you think about health care at 3%. they tried to get it to 15. 15 is still half of the u.s. average. if you look at pay scale from, you know, opening at $17 a path now to $30 an hour. if you...
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Oct 16, 2019
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as soon as the gm ceo mary barra got into the room with union negotiators this week, it started to movedeal forward. we know the union had said in the past they would not sign any deal unless a couple things were in there. one, they wanted to make sure their temporary union workers with gm would become full-time employees. we know that has been wrapped up. also, the issue of mexico. they've wanted to make sure that gm would commit to moving some of their product lines back from mexico to the united states. we don't know specifics, but we know that the union has been insistent on that and said they would not sign anything that didn't include some kind of movement back from mexico to the united states. next steps now, the union's top officials have flown in here to detroit and they will be voting on this tentative agreement here tomorrow. once that vote happens and it's approved, they will then take it back to their members across the country. people that are standing here behind me on this picket line and around the country hoping to ratify this agreement and make it final. >> thank you
as soon as the gm ceo mary barra got into the room with union negotiators this week, it started to movedeal forward. we know the union had said in the past they would not sign any deal unless a couple things were in there. one, they wanted to make sure their temporary union workers with gm would become full-time employees. we know that has been wrapped up. also, the issue of mexico. they've wanted to make sure that gm would commit to moving some of their product lines back from mexico to the...
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Oct 11, 2019
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effort to jump start stalled contract talks between gm and the united autoworkers union the ceo mary barra met with president gary jones on wednesday. the first barra attended with union leaders. union workers have been on strike for nearly one month, halting all production at gm factories. wall street analysts estimate gm is losing roughly $50 million to $100 million per day in lost production. workers living off about $250 a week. >>> it's official, social security checks are going to get a boost next year, albeit a modest one. the social security administration announcing checks will increase 1.6% in 2020, while that's good news for retirees, it's still less than what they've gotten in the past. in 2019 the checks got a nearly 3% bump. i'm frank holland, those are your cnbc business headlines. >> thank you, frank. >>> back to breaking news in southern california, a brush fire exploding overnight, destroying homes and threatening cities. this is the saddleridge fire, already burned 4600 acres near interstate 5 south of the grapevine. there is no containment. we've been watching the winds
effort to jump start stalled contract talks between gm and the united autoworkers union the ceo mary barra met with president gary jones on wednesday. the first barra attended with union leaders. union workers have been on strike for nearly one month, halting all production at gm factories. wall street analysts estimate gm is losing roughly $50 million to $100 million per day in lost production. workers living off about $250 a week. >>> it's official, social security checks are going...
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Oct 15, 2019
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ceo mary barra rather met with the top negotiators for the uaw and general motors.he was basically at the main table where these conversations are happening. we aren't sure exactly what the details of the conversations are, but again, it seems like things are getting closer. maybe she was possibly ceiling the deal. we'll see. finally uaw leaders called for all of their local leaders to meet in detroit. typically this type of thing would precede a vote on a tentative agreement. again, charles, i should say there is no tentative agreement right now but all signs pointing towards it. as a result general motors stock spiking. you see right around 10:00 when the meeting happened with the ceo. a lot of optimism for traders today. neil. charles, rather. charles: no problem, grady. appreciate it. great news. i want to get back to the markets. joining me point view management investment and david dietze and moody's managing director john lonski. john, let me start with you maybe we get something on general motors, maybe boeing is in the final stretches of 737 if he aco, bob
ceo mary barra rather met with the top negotiators for the uaw and general motors.he was basically at the main table where these conversations are happening. we aren't sure exactly what the details of the conversations are, but again, it seems like things are getting closer. maybe she was possibly ceiling the deal. we'll see. finally uaw leaders called for all of their local leaders to meet in detroit. typically this type of thing would precede a vote on a tentative agreement. again, charles, i...
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Oct 10, 2019
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charles: fox business learning general motors ceo mary barra has met with the united auto workers unions the ongoing strike. workers have been protesting gm for 25 days now. both sides appear to be far apart on an agreement. talks intensified as of late. the most recent round of talks going into the early hours of this morning. >>> president trump adding fuel to the market. this taking on feeling of make it or break it with enormous ramifications. limits to what consumers are willing to pay as consumers will pay for just right before christmas. are you list i'ming, washingt? principal. we can help you plan for that. start today at principal.com. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) gold in 2005 quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning. recently, gold passed $1,500 per ounce. now that's up mo
charles: fox business learning general motors ceo mary barra has met with the united auto workers unions the ongoing strike. workers have been protesting gm for 25 days now. both sides appear to be far apart on an agreement. talks intensified as of late. the most recent round of talks going into the early hours of this morning. >>> president trump adding fuel to the market. this taking on feeling of make it or break it with enormous ramifications. limits to what consumers are willing...
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so the whole idea of this meeting with ceo mary barra is to kind of push things along and get the sidesack together, back at the main table to keep things going and try to reach a deal in this long strike. ashley? ashley: you were saying 25 days. great stuff, grady, thank you very much. appreciate it for the very latest on the gm strike. >>> to the new fox news national poll now, just out on the democrats race. together joe biden and elizabeth warren capturing the support of more than half of the democratic primary voters. mr. biden stays on top in the race with 32% support. that is up 3 points since september. he's followed by warren at 22%. and that by the way up 6 points and a new high for warr the campaign trail since suffering a heart attack october 3rd, 31% say they are less likely to vote for sanders because of his health concerns. he's 78 years old. joe biden is 76. president trump 73. elizabeth warren is 70. >>> coming up, it is day two of lights out for 600,000 pg&e customers in california. the state's largest utility facing a huge backlash for cutting power over fears of wind
so the whole idea of this meeting with ceo mary barra is to kind of push things along and get the sidesack together, back at the main table to keep things going and try to reach a deal in this long strike. ashley? ashley: you were saying 25 days. great stuff, grady, thank you very much. appreciate it for the very latest on the gm strike. >>> to the new fox news national poll now, just out on the democrats race. together joe biden and elizabeth warren capturing the support of more than...
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Oct 14, 2019
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last week there were revelations and the stock popped on this of a secret meeting between ceo mary barra the uaw, now what? >> that's right. i don't know how secret it was. it became very public. it caused the stock to move up. now it seems like things are kind of at a stand still again in detroit as the talks continue. you can see out here, these are actual postal workers who have the day off because it is columbus day and they decided to join the uaw members that work at this parts distribution center. it's day 29 of the strike. it is starting to wear for some workers their bills are piling up, just like anyone who has to pay bills, things like mortgages, rent, insurance. who is losing more as this strike drags on? if you look at the numbers, it is gm. they have lost more than a billion dollars since the strike started according to analyst. the workers have foregone 624 million dollars in wages. a dollar means quite a bit more to a worker than it does to a multibillion dollars company. and some analysts say gm may actually be able to recoup what it has lost since the strike started. th
last week there were revelations and the stock popped on this of a secret meeting between ceo mary barra the uaw, now what? >> that's right. i don't know how secret it was. it became very public. it caused the stock to move up. now it seems like things are kind of at a stand still again in detroit as the talks continue. you can see out here, these are actual postal workers who have the day off because it is columbus day and they decided to join the uaw members that work at this parts...
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they even want to do a no-confidence vote for mary barra which is absurd because it's not going to cause, we all envy you driving the sting ray tomorrow. that's an incredible -- i would love that opportunity. lauren, thanks. great to see you. thank you very much for being here. appreciate it. >>> president trump just days ago signing an executive order on medicare. so how does it stack up to what the democrats are proposing? we will ask centers for medicare and medicaid services administrator seema verma in a fox business exclusive, coming next. >> almost every major democrat in washington has backed a massive government health care takeover that would totally obliterate medicare. they want to raid medicare to fund a thing called socialism. announcer: fidelity is redefining value with zero account fees for brokerage accounts. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero i wanted more that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3. ♪ t
they even want to do a no-confidence vote for mary barra which is absurd because it's not going to cause, we all envy you driving the sting ray tomorrow. that's an incredible -- i would love that opportunity. lauren, thanks. great to see you. thank you very much for being here. appreciate it. >>> president trump just days ago signing an executive order on medicare. so how does it stack up to what the democrats are proposing? we will ask centers for medicare and medicaid services...
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Oct 11, 2019
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next kick-starting talks, gm ceo marie barra, back in a minute right here.s cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. at fidelity you'll pay no commission performance comes in lots of flavors. ♪ (dramatic orchestra) there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind. and then there's performance that just leaves you feeling better as a result. that's the kind lincoln's about. ♪ we're changing what's possible every single day. but what does "changing what's possible" mean anyway? ♪ well... if you run a business, it means a lot. for starters, we provide you with financing options for your customers. that way, you can help them buy the things they love instantly and pay over time. and that turns them into serious fans. hang on, there's more. want customer insights? we've got those, too. we use data to show you what your shoppers have already bought so we can tell you what they might consider buying ne
next kick-starting talks, gm ceo marie barra, back in a minute right here.s cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. at fidelity you'll pay no commission performance comes in lots of flavors. ♪ (dramatic orchestra) there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind. and then there's performance that just leaves you feeling better...
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Oct 15, 2019
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they may be in the home stretch of reaching a tentative agreement with the united auto workers mary barra the president of the company were at the main bargaining table this morning along with negotiators and the leadership of the united auto workers they're not to the point yet where they're going to say we think we have a deal locked in, things can always change, but we can tell you there is progress here and as one person said to me we think we're in the home stretch to getting this deal done the uaw leadership will be meet with the leaders of the locations of the uaw around the country, the local leaders, in detroit on thursday. that may be if there's a tentative agreement where they brief the local leaders. back to you. >> phil, that's big news we're already in what, day 23, 24 i mean -- >> 30. >> day 30. >> hours lost. one of the biggest industrial work actions in the last few decades. >> yeah. john murphy, one of the lead analysts who covers general motors, he was out with a note today saying look, by his calculation, they probably lost about $2 billion so the impact here is substa
they may be in the home stretch of reaching a tentative agreement with the united auto workers mary barra the president of the company were at the main bargaining table this morning along with negotiators and the leadership of the united auto workers they're not to the point yet where they're going to say we think we have a deal locked in, things can always change, but we can tell you there is progress here and as one person said to me we think we're in the home stretch to getting this deal...
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Oct 28, 2019
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and mary barra may do whatever she wants and good luck to her the way the companies were making theirthat's over under president trump. it is just over. you can't do it. >> likely over no matter who is president next >> doesn't matter. yes. that's a really point. there is no democrat who favors the migration of capital that is over both parties have come to believe and i'm going to use this term and i know it is going to shock people, globalization is over. the notion of globalization is over and those who continue to seek it are really living in yesterday's world. so then you say, well, wait a second, apple is about to report, aren't they the king of globalization? i would say what apple has been able to localize everywhere. >> jeffries, they got a bunch of price target increases on apple today. jeffrey goes to 285. >> yeah, that's -- >> new high. >> a lot of the price targets are still well below where the stock is which gives them ample opportunity to raise their price target i don't know i don't like it when apple has run so much. you just don't -- may not have the horses to take
and mary barra may do whatever she wants and good luck to her the way the companies were making theirthat's over under president trump. it is just over. you can't do it. >> likely over no matter who is president next >> doesn't matter. yes. that's a really point. there is no democrat who favors the migration of capital that is over both parties have come to believe and i'm going to use this term and i know it is going to shock people, globalization is over. the notion of...
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Oct 11, 2019
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mary barra and the union head had a sit-down face-to-face to try to resolve these differences. they don't appear to be making progress. the stock is up but i should point out the one-month this has dragged on the stock barely moved. we started this around $38 a share for gm. who have he hovering 35. not a huge hit one way or the other. we'll have more after this. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you ca
mary barra and the union head had a sit-down face-to-face to try to resolve these differences. they don't appear to be making progress. the stock is up but i should point out the one-month this has dragged on the stock barely moved. we started this around $38 a share for gm. who have he hovering 35. not a huge hit one way or the other. we'll have more after this. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic....
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Oct 29, 2019
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we do sometimes see that web the ceos of companies come to capitol hill, look at the first time mary barrare for the gm ignition switch, that was a disaster, when that happens that does not help had the ceo in the hot seat and dennis muilenburg in the hot seat. do i expect that at the end of the next couple days if it's really bad they would pull the trigger and say you're not ceo anymore, i don't think so. clearly they want to get through this certification, that's the many focus for the company, to remove the ceo right now would just add more turmoil. >> phil, sounds like you think the important questions will focus more on the process than on muilenburg's tenure. >> yes the process and the culture at boeing yesterday we talked to representative peter deface yo and he will lead the hearing tomorrow on the congress side, representative side, and he basically said, it goes all the way to the top i think the pressure to get this plane done and cut costs goes all the way to the top he wasn't saying, you know, vice president level, he was saying right up all the way up to dennis muilenburg. t
we do sometimes see that web the ceos of companies come to capitol hill, look at the first time mary barrare for the gm ignition switch, that was a disaster, when that happens that does not help had the ceo in the hot seat and dennis muilenburg in the hot seat. do i expect that at the end of the next couple days if it's really bad they would pull the trigger and say you're not ceo anymore, i don't think so. clearly they want to get through this certification, that's the many focus for the...
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Oct 16, 2019
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yesterday the ceo of general motors mary barra, she met with the top negotiate -- negotiators we're toldced as soon as today. we'll keep you posted once is officially is announced. stuart: general motors recovering to 36.63. at the top of the hour we were running through an editorial about the debate but concentrated on the market. we got homebuilder confidence numbers i don't follow that closely. it's a big number? susan: a big number, hit a 20-month high. highest read since 2018. so the index rose three points. one in the month of october. housing accounts for 1/5 of the u.s. economy and the strengths are in the western part of the country and southern parts of the country. this goes against, remember what we saw with retail sales in september? but if you have lower interest rates, buying mortgages, actually issuing mortgages and buying homes. that is pretty good. stuart: we would like to see a turnaround. stuart: that could lead the overall economy. that is early good sign there. happening this hour, by the way. president trump will welcome the italian president to the white house. if
yesterday the ceo of general motors mary barra, she met with the top negotiate -- negotiators we're toldced as soon as today. we'll keep you posted once is officially is announced. stuart: general motors recovering to 36.63. at the top of the hour we were running through an editorial about the debate but concentrated on the market. we got homebuilder confidence numbers i don't follow that closely. it's a big number? susan: a big number, hit a 20-month high. highest read since 2018. so the index...
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Oct 11, 2019
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put forward on monday but what we do know, according to multiple sources, general motors' ceo, mary barra meeting with the top negotiators on her team as well as the top negotiators on the uaw side, and the whole idea of that was to kind of inject new life into these conversations, and it seems to have worked as the sides have kind of gotten back together. again, it just doesn't look like there's an end in sight based on this letter and based on what we're hearing out of detroit this morning. stuart: i think she's calling for non-stop negotiations and i think that may have helped the stock because it has gone back up to $35 a share. thank you very much indeed. >>> now, there's a lot of backlash over the support for hong kong protesters. i'm going to start with the video game maker activision blizzard, which sided with china. that company suspended a professional gamer who wore a gas mask to support the hong kong protesters. well, now the company faces an internal revolt. tell me. susan: yesterday we also had a few dozen of their employees walking out in protest of this in california, and
put forward on monday but what we do know, according to multiple sources, general motors' ceo, mary barra meeting with the top negotiators on her team as well as the top negotiators on the uaw side, and the whole idea of that was to kind of inject new life into these conversations, and it seems to have worked as the sides have kind of gotten back together. again, it just doesn't look like there's an end in sight based on this letter and based on what we're hearing out of detroit this morning....