up next, my interview with ceo mary barra.e'll ask how she and team gm will handle the demand rash while ramping up production to meet the ev goals and match buyer's desire to get their hands on thou those new cars and what's on the re-instate of gm's dividend last friday that sent the stock into overdrive? gm ceo mary barra next here on the "claman countdown". 28 minutes till the closing bell. we are coming right back. liz: kind of stunning news for anyone expectiing a buy a new car. overwhelming demand for new vehicles this month will push car prices to record highs. that's what jd power and l.l.c., predict in their new report out today that shows the average transaction prices will smash through previous highs to a record $46,259. that's an 11.5% increase from just a year ago. horrible for car buyers, but great for auto companies if they can match that demand. if the wait list for gm's all electric hummer pickup that i got up close and personal with two weeks ago is any indication. gm, just last friday re-instated the quart

reduction act, the democrats bill addressing inflation -- hitting fluted general motors chair and ceo mary barra, greg adams, and fl cio president lizzie schumer, they spoke about job creation the cost of living. >> good afternoon folks, we have

, tomorrow, make sure to tune 234 for our exclusive interview in studio with general motors ceo mary barra we'll talk about the sales of ev hummer pick up. general motors re-instated dividends. not as much as before the pandemic and what was going on in mary baara's mind and she knows she would never put out that brand new dividend if she didn't believe things look strong even adds ford is laying off people right and left. the state of the vehicle industry including autonomous vehicles. on the topic of driverless technology, las vegas goes from sin city to take a spin city but with no driver. take a look at motional's robotaxi service hitting the vegas strip with a lyft service. we asked about the plan to scale beyond the glitter of las vegas to the rest of the u.s.. when? how much is it going to cost and when rivals should be threatened now? closing bell 38 minutes away. take a look at the s&p. are we about to see it turn positive? you got to stay with me the rest of the hour. nasdaq holding onto 34 points of gains. don't move, we've got all the stories and more right after this quick bre

mary barra said they would catch up with tesla by 2025. over at ford. they are not.hey have produced 8000 electric cars. they are way behind. struggling to get supply, struggling with manufacturing. ford appears to be rising from the ashes to sell 25,000 cars already this year with the new 150, a great car. and the mustang. they are rising from the ashes while general motors is literate he looked -- literally and figuratively trying to put out fires. much as i'm pulling for gm and ford it doesn't look like they will be a real challenge anytime soon. most likely a real head of steam out there for the first half of the year, year-over-year producing half of what tesla is, eight times more than ford and gm combined. vw is in a strong place. manufacturing facilities on every continent. deep pockets. if anyone has a shot to catch tesla short-term, it's volkswagen. and don't count out the chinese, the world's largest producer of batteries. the chinese government subsidizing the batteries and producing half of the's in the world. china -- ev's in the world. don't forget, 30

reduction act, the democrats bill addressing inflation -- hitting fluted general motors chair and ceo mary barra, greg adams, and fl cio president lizzie schumer, they spoke about job creation the cost of living. >> good afternoon folks, we have assembled leaders from america's largest companies and labor organizations. the united auto workers, the afl-cio, they're all here because they believe the inflation reduction act meets the needs of working families now. of what our economy needs now for stronger sustained economic growth in the years ahead. let me tell you a few things about what this bill does. first, it will lower health care costs are millions of americans who buy coverage from the affordable care act. locking in the health care premiums that saved 13 million people an average of $800 a year. this comes on top of the news that we have the lowest percentage of americans that are uninsured than ever before in our history. thanks to the affordable care act, as well as emergent rescue plan that i signed into law last year -- american rescue plan that i signed into law last year say famil

mary barra told me at the conference, no-knock to anybody.is easy to design and sell cars it's hard to make them some of the start-ups are figuring that out. >> and their customers >> bertha coombs, thank you. >> yeah. yeah see how much they can deal with. bertha, thank you. >>> let's talk now about semiconductors and american competitiveness in the industry. semiconductors are an issue of national security. washington just passed the chips act to try to bring more semiconductor industry back to the united states from china and taiwan let's talk about this with gene sheridan gallium. gene, i won't get into the periodic table because i'll get a d or f in that subject tell us about your specific segment of the semiconductor industry why it is important and what this chips act may do for you. >> great question. thanks for having me on, brian it makes gallium chips the last 30 years, the world used silicone chips. we use gallium which makes electricity cleaner and lower costs. the world is operating off fossil fuels and we need to convert from ca

yesterday liz claman asked the general motor ceo mary barra when the type will hit both parodies. >> as battery powered comes online, we have a strong partnership with lg energy solution, so as we do that, that's going to be a opportunity, the scale that we have from altium because in 2018, we started working on a dedicated ev platform that can scale from a chevrolet equinox to a super truck like the hummer or bright drop, the electric light vehicle. looking at that scale, we believe we'll get to parody in the latter part of this decade. lauren: joining us now from los angeles, is fox weather's max gorman. max, good to see you. when the rubber meets the road, what does this mean you can't buy a gas powered car in 2035 in california? >> yeah, first we're going to talk about what it doesn't mean. this new rule won't mean you can't drive gas powered cars or buy used ones. just the sale of new trucks, cars and suvs that only run on gas no longer allowed in the state past 2035. one fifth of the vehicles allowed to be plug in hybrids that run on gas and electric. electric vehicle sales are

mary barra is doing a tech equivalent.uch smaller size because the tech firms are doing it at a bigger level. they have rallied hard off the lows. we start to fade, down .8% on the s&p. the nasdaq down one full percentage point. the -- tom: we do it within a market that is challenging. can we jump to fx? let's talk about the import on a summer friday. these are markets on the foreign-exchange move. kailey: this is super defensive end we have seen the dollar rip into g10. we've seen that and it happened this morning. sterling weakness. euro-dollar -3%. what we are all bracing for is not pretty at all. tom: kailey leinz is all in. i looked at the emerging market index and em enjoys strong dollar as well. kailey: or it is getting brutalized by it. every asian currency is weaker against the dollar. the south korean won hit a 13 year low relative to the u.s. dollar. a lot of it has to do with not just a haven demand for the dollar but the weakness potentially coming from china. the chinese yuan offshore weakest levels since 202

>> mary barra clearly has it at general motors she took a bankrupt company and is turning it around,ark ers out there of saying we're going to be zero congestion, zero pollution, very bold and then said we're going to get rid of all of our fossil fuel cars, oil and gas cars. another one is is a cha knew bella, a great company ken frazier did that at merck. there's some great leaders out there. >> does musk have that or not? >> elon musk is the greatest inventor of our time earlier generations steve jobs was. he's brilliant, and it's amazin what he's done with tesla and spacex and other things. frankly i think he's getting caught in the celebrity trap right now, a little caught one his own amount of money he's worth and all that game with twitter. i wish he'd go back to inventing things he's a great inventor, and i think that's where he's really good and shouldn't worry so much about being a celebrity. >> the book is called "true north: emerging leader edition" bill north, great to talk to you. we could have gone what, another half hour or so. >> i didn't even get to ask the reques te

look, there have been decades of bad management at general m motors i mary barra is not cut from that cloth she has gotten in front of the ev space and she knows what she's doing along with her management team. she would not reinstate that dividend if she felt a recession were near-term 2023, mid-2023, maybe, i don't know, but right now you have the fundamentals supporting economic growth in excess of what the market thinks. i think that's what will get you that uptrend developing. i'd love for you to be sitting here telling me that technicals are supportive i feel really good i think you're going to get there in a week or two. >> let's do this, let's take a quick break. go ahead, finish up real quick. >> let me finish up on autos just because auto companies are producing, doesn't mean they're going to be able to sell them. >> yes, it does. >> as a matter of fact, they've got to produce now because those are their schedules so the worst-case scenario is that you'll see what's happening in housing, and that will be replicated in autos as it so often is, and you'll be able to buy cars a

. >> don't you think the people are good mary barra, amy chang joined us, mark parker.ays a visionary i'm not -- i don't know -- now some of these, romans very smart. katz, i've always been awe calvin mcdonald. >> recent -- >> how great is it -- >> he's executed really well. >> what are we going to do who are we going to get rid of here i just think that this board seems very good to me. francis desue sa. >> think of his proposal the espn proposal resonates because that's been a source of weakness and why they pivoted towards disney plus to begin with. >> cash flow >> leveraged though. >> when espn hit 100 million subscribers they thought it would go to 110, and it goes to 80 they have -- it's -- there is a way to be able to say this is not the right time i don't know what you need why don't you give the guy a chance. >> the board is giving him a chance and renewed him. >> why should they fire him? the theme parks are doing extraordinarily well why should -- what's the bear case for this guy? what did he do >> i think the -- >> other than the florida gaffe. >> it's a cr

given the kind of conversations from the white house at least early on where they would praise mary barraxcept for tesla. how do you think, though, taking that ego piece of it out, how do you think he squares the circle around this issue around climate which i think has been his life's work, i think, with these shifting political views >> his political views are as eclecticas many of his other personal atrubts, attributes gm has created like i don't know, 25 or 26, that's it. so that hurt i also think that he got some what turned off by the overregulation but also what he called the woke mind virus that he thought was infecting society. so right when he twoepwent to k mccarthy's retreat that you rive referred to, he said i'm for the left wing of the republican party and the right wing of the democratic party he's trying to be eclectic in his politics, not be, extremely ideological, and he went to kevin mccarthy's retreat but kifevin mccarthy is a congressman for where spacex has its head quarters in california. i know last night he was back working on the raptor engines and boosters he wa