juliette: toyota and mazda are buildg a deal to jointly a u.s. factory.nt will have the capacity to reduce 300,000 toyota corolla cars and mazda crossovers per year. the facility will create 4000 jobs and be operational by 2021. shares in southeast asia's largest bank have fallen in singapore trading. it posted second-quarter profit that missed estimates. cross times legendary cost-cutting efforts. excluding some items, second-quarter profit amounted to $.98 per share beating estimates. despite another decline in sales. that is your bloomberg business flash. anna: thank you very much. is still with us here on set. we want to talk about what you do and do not like in europe. we are digesting a lot of results this week from financial services operations in europe. how do you feel about the banking sector in europe? it has been one of our preferred sector this year. starting in february. we still very much like it. -- thented to the ecb comfort we have is expectations and they have moved this year but we are still very cautious in our opinion. the market is

. >>> coming up, toyota announced a tie-up with mazda. we'll have details on the deal coming up next on "street signs. is this a phone? or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can save. choose by the gig or unlimited. call or go to xfinitymobile.com introducing xfinity mobile. a new kind of network designed to save you money. >>> welcome back allianz since pimco has become a performance engine again as the asset management business logged inflows of 52 billion euros in the second quarter helping the german insurer post an operating profit it also saw the solvency rating rise to 219% all segments of the business are doing well according to the cfo. >> we are in good shape in all segments 2 billion net income out of 2.9 billion profits, 30 billion revenues all great numbers,

a u.s.is investing in plan, $1.6 billion together with mazda.oint investment, toyota is going to buy a 5% stakes in mazda to tie up the two closer as far as capitalists concerned -- capital is concerned. we know this plan is going to at least plan to create 4000 jobs in the u.s.. that is very interesting. some real investment in the u.s.. the trump administration is going to like that. on $53 billiong so it is an interesting story we are going to continue to talk about in this program. we're talking about your dons role -- what do you expect to ?ear from mario draghi is there a risk that changes your outlook for the euro? >> the european central bank is watching the exchange rate. when was the last time the central bank did verbally? euro-dollar the around 117 that came in the light of the chinese capital flow rise in august. see markets getting into a deep recession. enough for verbal intervention. oil prices are roughly stable. commodity prices are going up. currently running at 4.3%, the best rate of the year. draghi's finding a different out

the focus is also on media reports that toyota and mazda will announce a$1.6 that toyota and mazda willa $1.6 billion assembly plant in the us later today according to the wall streetjournal. toyota us later today according to the wall street journal. toyota was us later today according to the wall streetjournal. toyota was the only japanese carmaker which saw its sales rise in the most important market, the united states, in the month ofjuly. its smaller rivals struggled in the us but honda posted strong results next with cheap japanese yen and solid demand in asia. not as good for nissan which reported a sharp drop in profit. one a nalyst told reported a sharp drop in profit. one analyst told me why honda is doing much better than the others. there are some earnings in the united states which have been very weak across—the—board states which have been very weak across—the—boa rd soap honda states which have been very weak across—the—board soap honda as well is nissan did seek a very weak market sales in the united states. the things which honda did well is the motorcycle business and

toyota and mazda are not doing this out of the goodness of their heart. yes, that may be part of the story, but there are financial incentives to doing so -- >> like what? >> well, first of all, if the current -- without getting too wonky about this, if you create cars in america, you don't have as many issues with foreign currency and that type of thing affecting your bottom lines so if you're toyota and mazda, having a plant making american cars for sale either here or elsewhere shields you from some of that financial roller coaster ride that comes as exchange rates change every day, every second. that's one of those reasons why. but if you talk about the reasons why car companies want to do this here, remember, bmw, mercedes, european car companies have big operations in parts of the southeast, alabama, south carolina. there's a reason why carmakers doing that here. not just because they want to create american jobs. that's big part of the story. also because it helps them financially in their bottom line. >> bottom line aside, good to hear more jobs b

mazda recalling more cars with takata air bags, certain mazda six models are effected by those. are already recalled once before but the replacement that was installed still had a faulty park. >> the words between president trump and north korea has turned into what you might call game of wait and see. >> today there were efforts by the president of south korea to get the conflict could reach a turning point next week. now here to talk about all of this is national security reporter. courtney. it's -- this late in the start with the latest from north korea's president. he said he's getting his military for that possible strike near guam, but he says he's waiting to see what the u.s. does next week. what does that mean. >> well, we saw, of course, that there was some photo that was really by kcna which was the north korean state television and news agency that seemed to show kim jong un looking at a battle plan that included missile strikes that will be is that -- whether this is propaganda as much of the information is or was this sort of a battle plan. we heard some harsh rheto

. >>> happening now on our home page mazda is recalling 80,000 cars to replace air bags. and the nfl pre season is in full swing. we got a sneak preview of what is new. we posted pictures of the new food coming to niner games. food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. we just want fast internet for one, simple rate. for all the streaming and the shopping and the newsing, but most of all... for the this. internet for one everyday simple price and no extra monthly fees. still missing after a fire in >>> i want to update you on our breaking news we told you about at the top of the news cast. two people are dead and a child still missing after a fire in san jose. inside a mobile home near 88 and oakland road. scott what is the latest. >> reporter: this is the search where a seen is going on. a crime scene. this is the golden wheel mobile home park looks like right now. i want to show you what it looked like earlier. one of those homes

. >> and toyota and mazda make a major announcement overnight. companies plan to build a new factory. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. margaret brennan joins us now from new york. good morning. >>> time now for a look at what's coming up later on "cbs this morning." margaret brennan joins us from new york. good morning. >> reporter: good morning to you, michelle. ahead, we have a cbs news investigation! kris van cleave has a new development on the problems of the police ford explorers. plus hear from a transamerica pyramid man who gave birth to a son. how transgender man gave birth to a son. >> people in rural areas don't have high-speed internet. we visit one town as the governme

the damage to the side on there was significant but not as much as the mazda. in this case, nobody was injured, as far as we know because they haven't caught up with the guy. the next one is from south korea. you're going on about your day, following the rules of the road and then suddenly -- >> oh. >> comes straight through this huge intersection, taking out the complete front of that car. what do you see glowing upon it? green lights. i'm not sure what happened to the truck, we don't know if it lost brakes, all we know is nobody was there. >>> she's about to do something big. >> today i'll be shaving my head. >> no turning back. it's time to get real. >> the story behind the big moment when she decides to take a lot off the top. >> this is so crazy. >>> and dad and daughter go fishing with the drone to find out if this is something you can do time and again. see if the machine helps them hook one. >>> brought to you by progressive's home insurance. get your quote at progressive.com today. home quot. where you can compare multiple quote options online and choo

good morning, the president is take an economic victory lap this morning but also announced a toyota mazda plant and confidence levels at a 16 year high this comes after a political rally in west virginia a state whose higher than average gdp he touted but a platform he used to call the russia investigation totally made up. >> it's a total fabrication. it's just an excuse for the greatest loss in the history of american politics. that's all it is. >> news that special council bob mueller is impanelling a grand jury a powerful tool for process cue tors that allows them to subpoena documents, witnesses and signals a criminal investigation is that intense fieg and potentially lengthening. subpoenas have been sent over john jr.'s meetings with a russian attorney last year the white house responded and said the white house favors anything that accelerates the conclusion of his work fairly. we should say previous white house investigations also used grand juries and inappropriate relations and dealings also used when asked into hillary clinton's e-mails but as this signals that this investigatio

. >> mazda and toyota have issued a statement saying that their new 1.6 billion there's facility is up and running by 2021. no word on the exact location. officials say this is expected to create 4,000 jobs in the u.s. mazda says it will create cost over vehicles at the new plant and toyota will build corolla models there. >>> shocking new data shows the suicide rate of older teenage girls hit a 40 year high. they looked at teens 15 to 19 years old increasing from 2.9 per 100 thundershowers in 1975 and waivered through the years and spiked to 5.1 in 205. experts say it's unlikely that it's due to any single factor and the same study found that teenage boys have the same rate but the highest numbers were in the mid-80s. >>> coconut water has spiked in popularity over the past decade but is the trendy beverage more hydrating? research say no. two studies show that coconut water on its own provided a minimal difference in humans compared to water and sports drinks and they do not recommend it to those trying to lose weight and it does not boost your metabolism. >>> "action news" is workin

. >>> no time for >>> this morning, mazda is recalling more cars with takata air bags. several popular models are effected. we posted a complete list on our app. mazda says some cars were already recalled once, but the replacement that was installed still had a faulty part. >>> uber has agreed to third party audits after they were accused of mishandling privacy and security data. a breach resulted in names driver's license numbers being stolen and says uber stopped using automated system to monitor employee access to consumer data. as a result, they will undergo audits for the next 20 years. >>> they say breakfast is the most important meal of the day, now you have more choices to grab a quick bite on the way to work from your favorite fast food restaurants. chick-fil-a has a new hash brown scramble and taco bell is expanding naked food line to the morning deal with the naked egg taco. that launches across the country august 31st. >> someone explain that to me. >> naked egg taco. >> naked egg taco? maybe without the shell? >> definitely without the shell. can't eat that

mazda just announced a partnership with nissan.hey will be building a $1.6 billion facility in the united states. mississippi nissan plant just voted down unionization. , there is you look things happening that reflect the republican attitude toward business. regulation --ess i don't mean a new regulation. republicans don't want dirty or dirtyer the air -- air or anything we are accused of. that toyota deal this morning from "the financial times." the deal with toyota and mazda to build a plant. toyota and mazda will join the build a $1.6 billion simply plant in the u.s. it is part of a deeper partnership between the two japanese carmakers. patrick calling from salem, new hampshire. you are pessimistic. why is that? long-term, i've seen something that disturbs me. we have a new high in the stock market. people said the wealth of the stock market and all its companies is now $4 trillion. in comparison to a debt of $20 trillion, that is scary to me. i don't know what the crisis will be, but someday, there will be a crisis. sovereign

is the mazda deal, does it make strategic sense? why are they doing that?> yes, i think it makes strategic sense, we have been seeing over a number of years, a big industry trend where manufacturers are teaming up nd building alliances, basically because of surninging costs to meet stringent things across the globe. it enables them to share more costs, and make a wider range of vehicles. >> and looks -- it looks like an interesting time to invest in factories. why now? >> it is an interesting time, the market had been going down and i think they are just using the opportunity to prepare for a stronger market recovery, when demand starts to pick up again. that way, they will have additional manufacturing capacity in place. ♪ alex : welcome back to bloomberg best, i'm alex deal. some of europe's biggest banks reported earnings this week. we will have a round up of those results later in the show. we also sat down for exclusive conversations with several bank c.e.o.'s, including carlos from the c.e.o. of ociety generale. >> we have a strong presence in both co

is the mazda deal, does it make strategic sense? why are they doing that? think it makes strategic sense. we have been seeing over a number of years, a big industry trend where manufacturers are teaming up and building alliances, basically due to cost and due to stringent regulations across the globe. it enables them to share more costs, and make a wider range of vehicles. matt: it seems an interesting time to invest and build new factories. why now? >> it is an interesting time, the market had been going down and i think they are just using the opportunity now to prepare for a stronger market recovery, when demand starts to pick up again. they will have additional production capacity in place. ♪ ♪ alix: welcome back to bloomberg best. i am alix steel. they banks reported earnings this week and we'll have a roundup of the results later on in the show. we sat down for an exclusive conversations with several bank ceos, including one from intesa sanpaolo, and ceo of societe generale. is ceo told us how he positioning his bank for brexit. >> we have a strong pr

mazda previously operated with ford, toyota has worked in the past with subaru. somewhere over the white house appeared over 1600 pennsylvania avenue. the president wasn't there to enjoy it. he was in west virginia, boy, he missed something else and as renovations get underway at the white house, the colors are up above. maria: that's beautiful. you know what, i had a rainbow around my house the other day. it was just so beautiful. i've never seen that in person like that. that's gorgeous. dagen: sean spicer put a picture which i like that quite this early. it was a double rain dow. i don't know if you can see it in that photo. >> he didn't take it himself. >> you feel like it's a sign. optimistic. maria: we hope so. maria: when we come back, big story this morning, transcripts of president trump's phone calls with foreign leaders leaked, what one senator is saying should happen to fix the issue, leaks continuing in the white house. uber hit it is brakes after wall street journal reporting that the ride-hailing company knowingly released unsafe cars to drivers, b

high withfirmed its mazda. earningsse -- isuzu's have beat the pack.in over a year. we do have pacific metals on the back foot, down over 6% this morning. forecast byir nearly 20% and widened the operating loss by over 100%. check out retailers. family mart and the back foot as well. it will also -- the fourth quarter profit rose, but bloomberg intelligence does see sluggish sales for the retailer, given concerns. yvonne: thank you. the annual dealers event in western australia, among the delegates, northern star resources. they are a strongly as third-largest gold producer -- they are australia's third largest gold producer. they have announced a major upgrade to its gold reserves. joining us now is the executive chairman. think for joining us here this morning. so ironicays been about diggers and dealers when all the nations top miners are gathering to celebrate the industry at the time when it has been hit hard by the downturn of the mining boom. what is it like this year? >> it is definitely positive. gas prices are up, oil prices are up. it is a g

lou: president's jobs agenda a boost a big one from toyota and mazda, carmakers announcing a plan tolion dollar plant in america, creating 4,000 more american jobs, that job manufacture toyota corollas and a new mazda cross over to open in 2021, location yet to be decided. for more now on booming trump economy and possibility of tax cuts, we're joined by steve forbes. editor in chief, yesterday, in west virginia, the president was sensational. the crowd is in love with the president. and his agenda. it continues. he is he gets stronger and stronger as his term in office extends. >> well, that is why he has to next few weeks, after this recess, after labor day, make a nationwide address as reagan did, and emphasis need to get a big tax cut done right away. make is retro active. and wire and e-mail your congress people to do it. reagan won public opinion, reagan said the way you change mind or move things on capitol hill is heat of public opinion, not sweet the reasons saying please mr. o speaker move on th, say now, get it on my desk. lou: reagan saying, make them feel the heat if the

toyota will take a stake of about 5% in mazda. the location has not been picked yet, but it is expected to have capacity to build 300,000 cars a year and employ 4,000 workers. the company is hoping to open the plant in 2021. >>> toyota reporting a rise in quarterly net profit despite seeing a slip in operating income and raising its full year guidance >>> rbs reporting a huge beat. net profits for the quarter tripled expectations coming in at 8$894 million despite the beat rbs is on track for a tenth straight year without an annual profit the bank's cfo saying that has to do in part with a fine u.s. regulators slapped on the company last month of toxic mortgage securities. >> ten years without a profit, wow. >>> the investigation into russian election meddling is heating up kayla tausche has more. >> reporter: the "wall street journal" is reporting that bob mueller is empanelling a grand jury, this is a tool that would allow him to subpoena documents and receive testimony under oath if there are persons of interest in the russian

toota and mazda have agreed join forces to build a $1.6 billion factory in the u.s..kes in each other as part of the deal, we had a acquiring about 5% of the, which will in turn hold about a quarter of a percent of the bigger company. corollaplan to produce compact cars and mazda crossovers in the shared facility from 2021. the shiite -- the fight between the sheep and western digital has escalated. toshiba says they have no right to the plant, thing they are building the facility without participation of western digital. western digital maintains it has the right to get supply under agreement it inherited. whereturn to the gulf, toe are -- namar's transfer paris center man is a milestone for the soccer club but also a political statement by its wealthy owner, qatar. it is the latest in a series of headline grabbing deals by qatar. more from alice shaheen. walk us through the numbers to begin with. we have the headline numbers, something like 260 million. that is just the buyout clause. >> that is the clause so nobody can approach your player. in seeing, a need that -

foxconn, toyota, mazda, these are meaningful jobs.d paying jobs that are coming back because of this president leaning on companies to manufacture in the united states, and his reduction in regulations in the u.s. which has been tremendous. he wanted, like, two down -- you had to delete two if you added one. well, they've deleted 16 for every one they've added. not bad at all. neil: andy, thank you, my friend. >> good seeing you, neil. neil: all right. a first, the west virginia governor, jim justice, he was a big rock star with the president last night in west virginia. why he switched parties, and even now with the "newsweek" cover and all this, he doesn't regret it one bit. ♪ ♪ you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on thr

mazda will have the other half of the vehicles manufactured there.e this announcement this morning in japan akio toyota and the c oe o of mazda said they're developing electric vehicles future technologies. that's part of the joint venture. the two companies are taking a stake in each other. at least a little bit of a stake to mention the commitment to each other you mentioned the trump tweets he was out tweeting this morning, remember what he tweeted oh, not too long ago when he was first elected. toyota motor said it will build new plant in baja, mexico. they're not building in baja, mexico, to build corolla cars for the u.s. no way, build plant in u.s.or pay a big border tax well, what's he tweeting today a far different tone from the president saying toyota and mazda to build a new $1.6 billion plant here in the u.s.a. and create 4,000 new american jobs a great investment in american manufacturing. for both of these companies, it probably gets them off the president's radar if he continues to go after manufacturers who are building in mexico and

toyota and mazda hope to open the plant in 2021. >>>google may be trying to buy snapchat.gle reportedly offered $30 billion to buy snapchat and first floated the idea last year and then again in may before snapchat's ipo. the offer was still on the table after the ipo but snapchat ceo reportedly is showing no interest in selling to google or anybody else. >>>uber is accused of renting out recalled vehicles to drivers in singapore. according to the wall street journal, uber knowingly rented more than a hundred suvs recalled for a faulty electrical component. one of those suvs did catch fire and the person inside that car did escape unharmed. >>>time is 6:45. the casino industry released new rules for promoting responsible gambling. the american gaming association wants casino owners to explain the outs of win -- odds of winning or losing to consumers and says casino's should not make claims in ads that say gambling ensures financial success. >>>dunkin donuts may be dumping donuts from its name. there are reports the company wants customers to think of it as a coffee house,

. >>> mazda is recalling more cars with those takata air bags, several popular models are effected and we've posted a complete list on our app. mazda says some of the cars were already recalled once, but the replacement that was installed >>> and still ahead tonight, new clues about what happened inside a d.c. hospital forcing regulators to stop it from delivering babies. >>> it moves in high speeds with no engine or motor. and it could be the future of transportation. university of maryland students built this hyperloop for a big competition. on news 4, how they did it and their big plans for the future. >>> continuing to track the rain moving away from our region, but there's another chance of some stronger storms later this week. i'll bre itak >>> breaking news, another resignation for president trump's manufacturing council, moments ago aflcio president richard trumka said he's leaving the council immediately. he said, i council for a president who tolerates bigotry and domestic terrorism. the ceo from under armour, intel, america amerk, also step from that same council. >>> and no

mazda moved for a tie up. beer makers karen and sapporo are leading.ng despite of strong outlook. yvonne: a quick gauge in the markets, as well. aberdeen asset management is due to be completed on august 14 and nity, and thee ceo martin gilbert is joining us now. welcome to hong kong, glad to have you here. i want to focus on what people are talking about in the markets it hasn't fascinating. the beginning of the year was a stronger dollar. it was u.s. fiscal policy dropping the markets. change.as complete we have no fiscal policy in the u.s., weaker dollar, lower bond yield. how is your read on all of that? >> clearly people think trump is good for markets in the u.s.. rest of.s. booms, the the world grows. i do think it is good for em. yvonne: d.c. anything in the space? >> i'm not in em space. i'm more in development market bonds. that summer like india, local currency is good there. tohink em is ok, relative develop markets. is it because the holden amex of em has changed so much now? it's more about commodities and iron ores. is that what will be

toyota and mazda i building a new $1.6 billion plant here in u.s., creating 4,000 american jobs. great investment in american manufacturing. carol, we should mention this is just two of the latest companies that have done this in reference to what donald trump has been suggesting they do. is there direct effect or not? >> actually, this is one where i challenge anybody to find something wrong with this. this is a greenfield project. [laughter] let me finish. let me finish. david: go ahead. >> green field project. haven't said what any state, if you say state net taxpayers not just jobs, but what it brings to the local economies in term of restaurants et cetera, it is good news. david: jack, i believe it was you, go ahead. >> i love these 4,000 jobs. automotive manufacturing employment in america is up 45% over the past eight years. it is actually down just slightly since trump took office. that is not his fault. he just went on vacation. i want to leave on good note. congratulations on 4,000 jobs. david: he is moving the white house. he is not going on vacation. go ahead, paul. >

. >>> mazda making major moves. it's ambitious technological goal by the year 2025. >>> and airbnb is pulling no punch when's it comes to fighting racism, the specific accounts being deactivated and why. >>> it's 6:06 in the morning, thanks for joining you. thanks for joining you. a live look at the bay bridge ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. >>> now your accuweather forecast with mike nicco. >> let's talk temperatures. about 61 to 64 in the south bay where are san jose 63, up in the hills 54 in los gatos, you can see mid-50s to low 60s just about everywhere this morning. here's your small craft advisory, same area, same time frame as yesterday, 1:00 this afternoon to 110 this evening. breezy and shoppy. morning so watch out for the his drizzle. on the bay it's bree

. >>> toyota and mazda are teaming up to build a new $1.6 billion plant here in the u.s. the plant is going to be able to produce about 300,000 cars a year and create up to 4,000 jobs. you may remember president trump criticized toyota for building a plant in mexico to make corollas. well, the company now says it will produce them at the u.s. plant and will, instead, make their tacoma pickups in mexico. >>> a traffic alert for people living near the delta this weekend. kpix 5's jaclyn dunn reports. >> reporter: if you plan to go to i-5, do keep in mind that caltrans has a 55-hour closure and they are setting up for that tonight at 10:00. highway 12 will be shut down between i-5 and flag city and highway 160 in rio vista. they will have a detour set up. traffic can continue northbound 160 to walnut grove and reconnect with i-5 on that route. use 5 or 80. this will add about 45 minutes to your drive. that closure will remain in effect until sunday at 5 a.m. safe travels! >>> new in sports, the u.s. open champion will not be defending his title later this morning. he will mi

toyota and mazda announced today they will build a factory in the u.s. that could create 4,000 jobs. location of the plan has not been decided. could be operational by 2021. produce 300,000 cars a year. half will be toyota corolla. >> let's talk about amazon alexa. >> this could totally change your morning route teen. new set of skills. now play music from amazon music. range from things like meditation and falling asleep to working out and getting pumped up and users will also be able to ask for specific genera so if you like working out to beethoven versus say tailor swift. say alexa, play classical music for my running. >>> let's get a quick check of the markets. july jobs report out before the opening bell. analysts expect another strong month of hiring with employering forecast to have added about 180,000 jobs. also key here to watch. wages growing and whether they are and if they continue. back over to you. >> see what happens today. thanks. >>> 5:25. two local universities make a list of students will love. parents, not so much. and they rank rath

already, the president is commenting, sending out a tweet saying toyota and mazda to build a new $1.6ion plant in the usa and create 4,0 thou,000 amen jobs. he's been pushing automakers to make new cars in the u.s. the two automakers say it will produce nearly 300,000 cars a year when it opens in 2021. >> new developments surroundi google's plan. google's development partner has scooped up another property. the vacant lot is in san jose. this could be just the beginning for the mountain view based tech giant. multiple property owners tell the mercury news more deals are in the works to sell parcels to google. >> if you are like me and sadly missed this, turn around, look alt the tv right now, the tablet, whatevr you have, and check out the lightning, the cloud to ground lightning, the cloud to cloud lightning. the forked lightning, the awesomeness of mother nature over concord last night. this is when this video was taken. several lightning strikes. thankfully, no reports of damage. and no fires were started. but man, that's a show that i love to watch. oh, wow. i hope you enjoyed it

we are expecting that toyota and mazda to announce a joint venture and plans to build a $1.6 billionn a u.s. state, we don't know which one to build cars by the year 2021 and that would create like i said 4,000 manufacturing jobs. >> hard to believe but the holidays at least in december under five months away now and we're talking shipping already. >> reporter: well, this is when and actually before now, this and the other shippers look at the infrastructure and say how are we going to handle all of these customers buying stuff on amazon and everywhere else. let's make sure we have plans in place. we earned -- learned earlier this year that ups said we're going to charge a surcharge on ground items that are shipped during certain days that are going to be our busiest. now fed ex is saying, yeah, we're not doing that. we're not going to charge a surcharge. however, and this is where i think it's all going to equal out, if your item needs additional handling or if it's oversized there will be a surcharge. >> right. >> reporter: so. >> okay. >> reporter: nothing is free any. >> nothing

mazda and toyota say they will build a manufacturing planter in this country. not released details on the exact location. the joint statement says the $1.6 billion facility should be up and running by 2021. when it's all said and done the project will create about 4,000 jobs. mazda will build crossover vehicles at the new plant while toyota will build corollas. >>> president trump is celebrating the news of that factory and the latest monthly jobs report. employers added 209,000 jobs in the month of july. the labor department says those positions put the unemployment rate at 4.3 percent and that matches a 15 year low that was first reached back in may. >>> and here's a look at the day's closing numbers and it was an up day on wall street. all three indices doing pretty good the dow up 66 and change nasdaq 11 and change the s & p 500 up almost five points to end your friday. >> nice day to round out the week on wall street and our forecast looking better as we head into the weekend i'm hearing. >> you're going to like it as we get into saturday afternoon and int

toyota and mazda plan to build a car factory together in the united states. the companies say they will invest $1.6 billion in the plant which will employ 4,000 people. production is expected to begin in 2021. >>> and finally, a monster deal for a soccer star. france's top soccer team is paying $262 million to acquire the brazilian soccer star neymar. the money goes to neymar's old team fc barcelona to gain permission for the transfer. big bucks. i'm contessa brewer. get all your business news on cnbc. >>> and right back to our first alert radar, we are tracking a morning round of storms going through, but here is the good news. by the time you're up and out, most of this should be gone. so we're looking at two bands really of heavy rain. one just arching now right through parts of ocean county, and then another that just slicing through northeast philadelphia. notice areas like the upper suburbs, chester county, berks, lehigh valley, these areas just have spotty showers left behind and the clouds. so already some of us are seeing the heaviest rain move on ou

. >>> mazda recalling nearly suvs to replace dangerous takata airbag inflaters. the recall 2009 cars. takata inflaters can explode with too much force and hurl shrapnel into drivers and passengers. as many as 19 people have been killed, more than 180 hurt. >>> victims families will receive money donated after the deadlyer an ariana grande attack in manchester england. a suicide bomber killed 22 people in may. each victim's family will receive $323,000. the emergency fund has raised more than $23 million in total. money has also gone to support people who were hurt. >>> an orange county man doesn't want a good deed to go unnoticed. >> dave frazier returned home to find the flag posted on theidf houswre.gon the flag fell down somehow, and frazier watched a stranger stop his car, get out, and put the flag back on display. it's not a big deal, but it left a lasting impression on him. >> in this day and age when there's so much strife, i think to see somebody like this showing respect for you know, understand we're all on the same team. and so it's pretty heartwarming

. >>> also in the news this idea of cars, toyota and mazda announcing they'll build a factory in the u.s. to create 4,000 jobs. it could be operational by the year 2021. atmakers say the factory will produce 300,000 cars a year, half of which will be the toyota corolla. back over to you, scott and laura. >> tdominic, thanks. jobs at 5:30, we'll bring it to you. >>> 4:42, we have another check of weather. >> we have plenty of monsoonal moisture lighting up the radar. how long will the rain be sticking around and can it carry over into your weekend? >>> and over here, 880 we're seeing if this construction carries over into the bulk of the commute. you see the flashing lights. we'll talk about what's north of the coliseum. take a moment and look at this -- it )s timelapse video of lightning at discovery bay. >>> welcome back, everybody. take a moment to look at this, a time lapse video that's lightning at discovery bay. we shot that last night. quite extraordinary to watch. let's watch that all morning. it's friday. going to make it through, right? >> big question is, do we have any mor

. >>> meanwhile, toyota and mazda plan to build a u.s. plant that could create 4,000 jobs.cation is unclear but it could be operational by 2021. they will create three and a half thousand cars a year, one which will also be the new corrolla. >>> alexa can now play music from amazon's library. they range from meditation to falling asleep to getting pumped. users will also be able to ask for specific genres, so if you like working out from beethoven to taylor swift, you can say, play me something classical. >> i could do something from ice cube, it is a friday. >>> straight ahead, the town pushing to be the nation's first marijuana mecca. >>> plus, the first one to jump into the tour de france race. could increase, isn making tomorrow uncertain. but entresto is a medicine that was proven, in the largest heart failure study ever, to help more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you'v

toyota and mazda partnering nerving to build a plant in the u.s.ion has not yet been announced, the plant would produce to up 300,000 cars a year, employ about 4,000 people when it opens. the two companies working to develop electric cars. jim, jan? >> and a new deal for boeing watch are the new detail on this one, roxanna? >> yes, boeing has land add major government contract, to help push the airport into the future. the seattle based company says the air force want time proof technology with aircraft controls. and in other areas. pentagon awarded woke bart of $9 million for research and development. jim, jan? >> teaming up. thank you, we'll check in with you in the next hour. meanwhile coming up after the break, another check on traffic. >> that's right. plus, the class of 2017, phillies music walk of fame. katie? >> and, jan, looking ahead to the upcoming weekend planning to see a nice transition taking place, how long the sun is expected to last in the low humidity, this time to for years, men have enjoyed their man caves without guilt. now, i

toyota and mazda will build a new plan in the u.s. to create as many as 4,000 jobs. the japanese automakers will spend $1.6 billion and split the costs equally. >>> president trump tweeted, quote, excellent jobs numbers just released and i have only just begun. many jobs stifling regulations continue to fall. movement back to usa. >>> today former president obama turned 56. his first birthday since leaving the white house. he is on martha's vineyard on vacation. michelle obama tweeted this birthday message: >>> coming up, the san francisco mom accusing disney of spying on her daughter. >> plus, a popular bay area park that's getting round-the- clock security after a triple shooting in the middle of the afternoon. >> from "pharma bro" to federal felon, the guy who jacked up the price on prescription drugs now on his way to prison. why he is calling the verdict a victory. >> we're here in hayward where steph curry is playing in the second round of the ellie mae classic. will he make the cut and continue on to the final rounds this weekend? we'll show you how he is play

toyota and mazda are cree iting a $1.6 billion plant in the un it's a joint project to benefit both companies and it will create 4,000 jobs. not said exactly where the plant will be built. something that we'll keep our eyes on. eun and aaron, back to you. >> thank you. >>> the kids don't want to hear it. i don't want to hear it, frankly. but it will be time to head back to school before you know it. it is important to make sure they don't suffer from summer slide. >> educators say it usually takes weeks or months to get students refocused on schoolwork. molette green has advice to make sure they are ready for school. >> inside charles flowers high school in prince george's county. a summer robotics class keeps the learning process fresh. >> well, it's really cool because i need it over the summer. if i don't stay on top of my education over the summer, it will go down and when school comes, i will be all frantic when it comes to learning everything all over again. >> when you don't have a summer bridge program, >> attending museums, getting kids having learning experiences over the summer. >>

there definitely seems to be a tie—up looming between mazda and toyota, probably to build a new factoryar companies are having to tie up with each other to try to get ahead of their competitors. so that is the way the industry is going, these alliances between like we have with nissan and renault? absolutely, that is the only way a lot of car companies can spread cost in terms of platforms and new technology. 0k, we will cover that when we hear what happens with that press conference. james, thank you very much indeed. let's take a look at some of the other stories making the news... the royal bank of scotland has made its first half—year profit in three yea rs. its first half—year profit in three years. the bank, which is majority owned by the british taxpayer, made $1.23 billion in the period. it has said it will relocate some stuff to amsterdam after brexit as it looks to maintain european operations. the cost of damage from a cyclone which hit australia in march is one of the main reasons profits are down at swiss re. it cost the world's second largest re—insurer $360 million. the c

. >>> japanese auto makers toe owe th dosh toyota and mazda said they will spent about $1.5 billion ont been decided but it could be operational by 2021. they say it will produce 300,000 cars a year. >>> trending this morning, the reboot of will and grace hasn't even aired yet but nbc already renewed it for a second season. it made the decision based on an outpouring of love from fans. nbc increased its order requesting 16 episodes instead of 12. it returns with new episodes beginning thursday, september 28th. >>> it's a move that wowed at -- a movie that wowed the sun dance film festival. coming up the star of the film and the director of the highly anticipated movie patty cakes. >>> and a great weekend all around chb though we do have showers early on saturday. we'll see lots of sunshine. temperatures will be comfortable. it won't be muggy. totally ideal. i'll have more details coming up on the other side of the break. hello, peco. hi. can you help me save on my energy bill? old appliances. like a hot water heater? it's around here somewhere. nope. nope. what is this thing? sir, have

mazda is hailing technology breakthrough for the engine.says it is designed a vehicle that doesn't always need spark plugs in a gasoline engine, kind of interesting. and finally this, i find this interesting, we all know dinosaurs were really big but the largest ever has now been found in argentina. this vegetarian it weighed 65 tons, heavy as boeing 737 and scientists are saying that this was still growing when it died. 16 months to excavating, 150 bones. scientist say there could be even bigger species they could still discover, they are still digging, maria. maria: wow, that's so interesting. coming up flights gets less bumpy, the possible reasons behind that decline. controversy over foxconn, now report suggest it is 10 billion-dollar wisconsin deal may not pay off for 25 years. we are talking to the governor of wisconsin, scott walker joins us. stay with us today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does