we check out the mood at the new york auto show. and check out who's behind the wheels of these sleek, luxury cars on dubai's roads. and on the markets. a lot of markets are shut for the easter holiday. welcome to this slightly car focused edition of business briefing. to begin with, german carmaker mercedes benz is pushing ahead with its ambitious plans to grab a bigger share of the us car market. that's despite the threat of new tariffs being held over the international car industry by president donald trump. michelle fleury reports form the new york auto show which opens today. the global car business, setting out its store in the big apple. with lots of the usual glitz and polish. threatening to take the shine of proceedings is donald trump. hosting his resentment about the car companies in america. they barely ta ke companies in america. they barely take agricultural products but they can sell mercedes—benz and they can sell anything they want in our country. if it doesn't change, were going to tariff all of the cars and everyt

the cars of the future at the new york auto show. new york auto show. >>> just yesterday activists at the san francisco airport supporting the filipino youth activist. they were subjected to racial profiling and an example of poor treatment of immigrants at u.s. entry points. >> the u.s. government are the ones that have no business detaining, torturing, and deporting drones. >> detained for questioning by custom agents because of unspecified problems with a visa. he was placed on a flight to manila more than a day later. customs and border protection did not return calls to comment on this . >>> a sign of progress is a new terminal in san francisco where crews are about to remove a temporary system. fremont street will be closed between howard and mission each night for the next four weeks. the work begins tomorrow night. the entire transit center has been closed since september when workers discovered cracks and two beams i busted, the systems were installed to keep the deck stable, apparatus on first street said to be taken down ne

savin hopefully he'll get paid back. >> for "nightly business report" at the new york auto show in manhattanme look at the wall street. >> the nasdaq was up about 2 and the s&p 500 gained four and we're closed to t week and the averages moved slightly. todayte pst and zoom soared. thanks so much for watching and we will see you tomorrow for special edition of. >> reporter: nbr. hope you can join us. ♪ >>his is "bbc world news america." >> funding of this presentation is made possible by the freeman fouation, and judy and peter blum-kovler foundation, pursuing solutionsa' wow, that is unbelievable. ♪ >> i'm flying! ♪ >> stay curious. ♪

we check out the mood at the new york auto show. welcome to the programme, briefing you on all you need to know in global news, business and sport. forget the gym, your best personal trainer may come on four legs. new research shows dog owners in britain are four times more likely to be fit than those without a hound. but the link to health is far weaker in other countries. wherever you are, does your dog get you out and about? let me know — #bbcthebriefing. democrats in the united states say the mueller report on allegations of russian interference in the 2016 presidential election contains damning evidence about president trump's behaviour, in spite of clearing him of colluding with moscow. the report details ten seperate instances in which the president tried to obstructjustice, including attempts to fire the man conducting the investigation. however, robert mueller left open the issue of whether or not these actions constituted a crime. our north america correspondent david willis reports. leaving washington for his florida retr

, lamborghini's new car fresh from geneva and straight to bloomberg headquarters had of the new york auto showwe hear from the carmakers american ceo next. this is bloomberg. ♪ this is "bloomberg markets." i'm vonnie quinn at the new york auto show, lamborghini will show off its vo spider for the first time in north america. hannah elliott got a first look with a lamborghini ceo of the american region, alessandro farmeschi. alessandro: this is a beautiful huracon . the first time in the north american market that we represented a the new huracon evo which stands for evolution. if you consider what has been done, and in comparison to the previous predecessors, it was the huracon 6-4. first of all, the color is beautiful. green reminds us of the forest. i would say the majority of the entirely.ve been done basically we are speaking about a new car. we start with the engine. 640 horsepower, so 30 more than the predecessor. it takes the heritage from the previous one. our top car in the huracon family. that now feeds into this huracon evo. then we work a lot with the anodynamics, giving increased

this day at the 1964 flushing meadows world's fair the answer, the ford mustang >>> the big new york auto showks off in a couple of hours phil lebeau has a special guest. >> reporter: one i know you're interested to hearing from klaus zellmer. he runs porsche north america. we'll talk about the auto show overall. are you comfortable with what you're seeing for the luxury market in the united states? there was some concern things might be softening up. >> i think things are softening up we can't complain. we had our second consecutive year of record we're ahead of the previous year by 7.7%. so we're in a pretty good spot at the moment. >> reporter: what's driving that softening of the market, if you will >> we've seen a saturation of new car sales in the united states then, you know, the market gets tighter and you have to be better than your competitors >> reporter: you bring the 911 speedster. you believe the 911 is the flagship when you mention porsche to people immediately someone says 911. it still has areas where it can grow >> absolutely. if you look at our die -- in ne york our first im

liz: the new york international auto show, before we get to that, we have this breaking news, ahead ofer green new deal tour, democratic congresswoman alexandria ocasio cortez just launched a new video this afternoon on social media. she's apparently put it on the facebook page of a group called the sunrise movement. the tour hits more than 250 cities and towns, kicks off in boston tomorrow. here's a little bit of it. you can see, she calls it a message from the future with alexandria ocasio cortez. now, this as electric vehicle makers and buyers just got a power surge, not from her, but from a somewhat unlikely source. two months after aoc's green new deal got torched by critics, long time republican senator lamar alexander of tennessee has unveiled a bipartisan bill he calls a sort of manhattan project for clean energy. telling the "wall street journal," quote, there are a number of republicans who say climate change is real, and we have to do something about it. the driving america forward act extends while slightly cutting the soon to expire $7500 tax credit for those buying electr

coming up, we will speak with the lincoln president and discuss the new york auto show, the company's china, the future of electric vehicles, and more. that is next. this is bloomberg. ♪ david: you are watching balance of power. the new york auto show is underway which means we get to see the latest vehicles from car companies. lincoln introduced us to the corsair. here to tell us about is joy falotico, she is lincoln president. joy: thanks for having me. david: tell us about the corsair. suv.this is our all new it is a luxury suv. it is engineered from the ground up, all new. very happy to bring it to the market. david: where will you be selling this? the united states, principally? joy: it is built in louisville for the united states and will be built in china for the chinese market. will be selling it around the world. david: we have covered a lot that sedans are going away, diminishing and replaced by trucks and suvs. how does the compact or smaller suv fit into that growth of the suv in the united states? joy: you are right. suvs are hot and luxury suvs are doing well. we are ple

michelle fleury caught up with the american start—up‘s founder at the new york auto show.p truck. due for production in 2020, it has generated the kind of buzz normally associated with another electric vehicle maker. remember when consumers waited hours in mock -- in line when consumers waited hours in mock —— in line to put their name down for a tesla model three? proponents of rivian seem equally keen. it doesn't hurt when you have endorsements from the likes of pop singer rhianna, and investments from standard chartered and amazon. but can it live up to the hype and avoid the pitfalls facing tesla, which has struggled to meet production and profit targets. one of the reasons we we re profit targets. one of the reasons we were so profit targets. one of the reasons we were so quiet for so long was that we wanted to make sure we had all those ingredients, all those pieces arranged, so that when we showed the vehicles in los angeles, it was notjust showed the vehicles in los angeles, it was not just a show showed the vehicles in los angeles, it was notjust a show car, it wa

we are getting geared up for the new york auto show. ian: 2019 new york auto show is in full swing. you have been seeing it all week here. "fox & friends" sneak peek at rides promise not to tell anyone. steve: correspondent and auto expert.com mike caudill is live from the new york of the new york auto show in front of the lexus booth. >> well, good morning, guys, yes. we are here live at the new york auto show and this is like the super bowl, right? we always think about detroit. but new york is where it really happens. yesterday we showed you guys a bunch of great cars in the plaza. today we will show you. this it's the first time in the 1 rf has made its way to the east coast all electric. all about off road performance as well. you get more hundred miles of pure electric range with this go anywhere sport utility vehicle. they are already taking preorders for this vehicle right here. starting price under $70,000 for a pure electric off road vehicle. the interior is refined. i love the design of this vehicle. all right we have other th

eric: heavy duty trucks or sleek sports cars, the new york auto show has something for any car enthusiastive at the center in new york. it's an annual event, gives us a glimpse of the new wheels. hey, jacqui. >> reporter: we are here with more than a million people coming to see about a thousand cars on display. right now we're at the nissan exhibit. i'm speaking to angela fung. it's the a 50th anniversary of the 197 1970datsunz. tell me what they incorporate. >> we're excited because the d a atsun debuted at the 1969 new york auto show. we're celebrating with the 50th anniversary of the 370-z with a red and white stripe. we're making 50 of them. so they're super exclusive. >> reporter: and as i understand it, this car right here, the vintage version, that's a private owner vehicle. >> it is a private owner that we borrowed for the show. this is the car that put nissan on the map here in the u.s. nobody had seen anything like it before. even in 1970, this was a really good deal at $3,500. >> reporter: you are doing interesting things with electric vehicles. tell me about what's new with t

new york's pricey plan other cities consider adding a similar tax. it is like the tariff battle. how it could impact you. connell: can only mean that jeff flock -- melissa: look at that. >> jeff is at the auto show in new york at the javits center. you don't want to miss that. melissa: i want to see that after work. connell: we'll have colin and missy fill in for us next time around. makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it starts acting in my body from the first dose and continues to work when i need it, 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple en

charles: coming up next, are we, we are heading in fact to the new york auto show where old is new againat out. ♪ of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast. yeah, i've had some prettyeer. prestigious jobs over the years. news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan. let's create a plan for what's next.

vehicle and that may explain why plug-in models have been grabb hg thedlines at this year's new york auto showat is where we find phil tonight. >> from electric pickups to luxury plug-ins like thegu jaar, automakers are embring evs like never before. >> the performance is. phenomen the driving dynamic is unlike any other car. the customers are starting toee reallyhe benefit of an electric vehicle as an everyday commuting vehicle and it's part of the conversation. >> the conversation was spark by elon musk and his company tesla cl started rolling out luxury electric models six years ago, now with the tesla model 3 starting at $35,000 and the base model chevy bolt selling for under $40, going green has become much more affordable. >> the entry-level cars are 30, grand when they used to be 60 and 70 and t , 40 grand cars are going twi as long on battery as the cars did 70s. >> while traditional audi makers are driving the discussion with nestart-ups turning heads with an all-electric pickup scheduled to go on sale in 2021. >> the vehicle has to give them a very strong reason to switch from an exi

their earnings.th major automakers will show off their high-tech vehicles a concept cars at the new york auto showa including retail b book is also due thand the out. 's what to watch f with just a few days until the tax filing deadline look at the da shows average bills are dropping.& block reports that its average customer paid $1200 or 25% less in federal tax in 201 compared to 2017. the report is based on returnsh filed throrch 31st and i provides a first look at how tes bichange to the tax code in 30 years is impacting filer ea> well, on a day that saw a $33 billion energyoil prices climbed to a five-month high settling at $63 a barrel. and as you're aware domestic crude has been risin start of the year up 40% and that also means it's costing y more to fi up your tank and rahel solomon is in new jersey tonigh ♪ ♪ feel like the cost to fill up is creeping you're right. >> i would normally spend on regular, like, $30. >> how much was it today? >> i drive uber and the time i checked in this particular gas station it was $2e 5 and all of a sudden i surprisingly enough it was ten cents more. >> i

dealers will fix the problem at no cost to owners next month. >>> the new york international auto show opens and we're looking at the cars on the market years ahead of their time. this is called the hob near row. and it's electric and includes butterflied doors. from the inside, it looks like a spaceship. not clear when you'll see this vehicle on the road. it's many of concept cars taking center stage today including infinities q inspiration. >> walk me through some of the features of this car. >> sure, one of the things is you can see there's no door handles. so if you wanted to get inside, you touch the button on the pillar and the door opens nice and wide. inseed, you're look-- inside, you're looking at -- >> 1,000 cars and truck will be on display at today's show. >>> we are minutes away from hopefully learning more about the events that led up to a deadly policeot involving three fremont police officers. did you know comcast business goes beyond fast with a gig-speed network. complete internet reliability. advanced voice solutions. wifi to keep everyone connected. video monitoring

. >> reporter: nowhere is the shape of things to come more clear than the new york auto show. suvs of all shapes and sizes. even new luxury electric models from jaguar, audi, and mercedes. >> i think there was a lot of concern when the electric vehicles came around about range. >> right. >> you could only go 70 80 miles and you had to charge up again. has that improved? >> tremendously. longer take ng these hours and hours. this actually gets from zero to 80% of battery needs in 30 minutes. >> reporter: it's a preview of what will be in driveways next year. safety and smartphone-like conveniences leading the way, like the 2020 hyundai sonata which doesn't require a key. you unlock it and start the engine all with your phone. >> there's a sensor in the door handle. get close enough to it, it unlocks and there you go. >> reporter: the new subaru outback has facial recognition, looking for tell-tale signs of a drowsy or distracted driver. even recognizing different drivers. >> it says "hello lester." the seat is moving where i like it. it looks like the mirrors have moved. >> repo

and the new york auto show will kick off nearly 1,000 cars and trucks will be on display on thursdayare doing with the march retail sales report. it's a four-day week for the markets. they will be closed for good friday and it's national garlic day good for your taste buds, not so much for your breath whether you like crooning along with frank sinatra or jamming out to the grateful dead, everybody has their own taste when it comes to muke and more and more people are using streaming services to access their favorite tunes how do you know which service is right for you? joining us is dan ackerman senior managing editor of c-net. this is the burning question in my life. now you can get free service, you can get streaming service. rather than owning music outright the way we used to do with cds, a lot of people join streaming services let's talk through this now. what are the biggest competitors in this space? >> right now it's spotify and apple music and there's also google play music and a few other guys, but most have spotify or apple music because they buy an iphone and it comes wit

have a monster electric engine and the company's latest offerings will star at this week's new york auto show completing a journey from the balkans to the big apple. it boasts twelve hundred horsepower and can excel or it from zero to one hundred kilometers an hour in a mere two and a half seconds and with the top speed of more than three hundred cam h. the electric hybrid cars parked through ation automaker remounts are among the fastest in the world there assembled by young croatians and marketed by a team headed by marta longin. the main difference between the mads and another manufacturer is that where still quite a small team we're still very quick to react and we. started with the electric car trains we didn't shift from one of the phonology to another so from combustion engine show electric but we this is this was our work from the beginning. we are still very much a rematch founded the company ten years ago when he was twenty one pounds back then he was an innovative thinker installing electric engines into all b.m.w. is. today remote so to believe headquartered near zagreb employs ne

jason: and lamborghini and bugatti both made a big splashes in new york at the auto show. : and in our features a section, the entrepreneurial success story behind hearing technology. jason: they have outfitted presidents and popes with hearing aid and are preparing a new product for people who don't even need hearing aids. carol: it is fascinating. we will lead reporter josh dean tell his story. josh: william austin started a hearing aid company in the 60's in his basement. he had this vision that he was making money helping a guy and watched what he did putting a hearing aid in someone's ear. he says that it transformed his life, and he thought, if i am a doctor, i can only change one life a day, if you're lucky. with hearing aids, i think it is a thousand times. literally, he has a vision, he sees this saying on the side of the side of a bus, i don't remember the exact saying. he goes home, sits on his bed and gives himself a pep talk. being a doctor is great, but if i want to change lives, i can bring hearing to the world. jason: they are rethinking the entire relations

to phil lebeau who joins us live from the new york auto show with a special guest.g, phil. >> good morning, carl. joe everhart, who runs jaguar land rover north america named world car of the year, how are you feeling about demand so far? >> it has been a great morning for us not only where we name world car of the year, we were world design car of the year and world green car of the year. the first time manufacturer has won the three major awards really incredible. demand, we just started going on sale, but clearly the interest in this car is phenomenal and for a small company like us to be leading the field really says a lot about our innovation and technology >> where are the buyers coming from coming from other electric cars they are trading in, are they coming from standard internal combusten models they said i don't want to drive that anymore, i want to go electric >> they come from everywhere there is not too many interest vehic electric vehicles. >> how much is brexit making it a bit of a halsle now trying to figure out world production as well as world supp

multimillion dollar price tag, but still sells out in less than a week robert frank is at the new york auto show reporter: this is the fastest production car in existence. it goes 300 miles an hour, costs $3 million, the best part is that it sold out in just five days it's made by koenigsegg. if you don't know the name, you're probably not alone. it's one of the ultra--exclusive brands in the car world known only to the super-rich most of the customers are young entrepreneurs, obvious in tech they probably won't drive it 300 miles an hour, but they like the status of knowing that they can. >> knowing that your car is the fasters in the world and if you put it in the hands of a professional driver on a safe place, that it can do that, that it can break those records and make history, that's a cool thing. >> reporter: very cool thing the other cool things is the name jesko is named after the founder's father who put his entire savings, when it was about to go under. hopefully he can pay his dad back. >> robert. thank you, sweet ride. expensive ride. >> but if the traffic is stuff on the cross-bron

pricing has not yet been announced you will see this at new york auto show.s is 50th anniversary edition. special leather features and colors. nissan 50th anniversary design. 19-inch wheel. average 370 starts at $30,000. expect to see this one close to 40. lots of stuff. >> all right, the toyota supra. we've been wanting to get this here to the plaza, janice. janice: almost fits my hair. >> two-seater, nice performance car. this is the toyota super gr. this was developed by the president of toyota. 335-horsepower under the shoed. zero to six, sub four seconds. >> this has been off the market. >> it has been off the market for 21 years. they brought it back. why? because it one of the most iconic sportscaster. >> it fits my hair. jillian: this is carbon fiberrer is amazing. >> rcf track edition, which means this thing is fast. 472-horsepower. massive five liter under the hood. beautiful red interior. carbon fiber hood, carbon fiber roof, carbon fiber spoiler. titanium tips on the back. starting price, $64,000. everybody wants this car, right. steve: afraid to

be showing your latest vision of the future when it comes to electric vehicles over at the new york auto showla has certainly shown success in the luxury electric vehicle market are you worried about the growth of tesla >> tesla is a competitor like every other competitor if we view it like the other competitors, we take them serious but the strengths in our product line, you know, the best line-up in the whole industry. i'm not worried particularly about any of them. i just know the strengths of mercedes is the best deal and that's where the customer experience and line-up in the industry >> one question about the strength of the market especially the luxury market there is a feeling that we are a little oversaturated overall in the united states. are you looking for a soft spring for summer when it comes to luxury demand >> it depends. there's certain segments, the suv segments that are doing incredibly well and like the performance car that does well but overall, expect very, very little growth year over year >> little growth in the suvs >> overall, very, very little. probably the same lev

. >>> the new york international auto show opens today and auto makers can unveil cars on the maker and some are years ahead of their time. tom gives us a sneak peek. >>reporter: the habarnero was real car. >> istric wh butterfly door low says >> t concept, but when do you think we would see a car like this on the road? >> i think you could see elements of what's here very soon. 2, 3, four years, something like this could hit the road. >> it's one of many concept cars taken center stage. and giving us a glimpse into the future. including infinities q inspiration. >> walk me through some of the features of this car. >> sure. one of the things is you can see there's no door handles. so if you wanted to get inside, you touch the button right up here on the pillar and the door opens nice and wide open and you're looking at advanced technologies that could make it into our future products as we move forward. >> it uses cameras instead of rearview mirrors and a reflection of how infinity builds cars. >> manufacturers are working four, five to maybe 8 years out on concepts so it takes time for

new york. >>> the cdc estimates as many as 57,000 people died of flu this season. that includes 91 children. >>> the new york international auto show opened up today. it's an opportunity for automakers to unveil their new cars, market, and some that are years ahead of their time. the concept cars right kia motors unveiled its hot new ride called habanero. the modern small car crossover is already a everything car they tell us the car may seem straight out of the future, and they may soon be a reality. >> usually manufactures are working 4-5 maybe eight years out on concepts. so it takes a lot of time for these things to gestate, and come into fruition. after they show the initial concept. >>>unfortunately they don't always look like the concept cars they were patterned after. nearly 1000 cars and trucks will be on display at the show. >>>it is a adorable moment. a bear cub caught on camera making fast friends with a group of snow borders in truckee . >> experts say this is what you do not want to do with wildlife. reporter tells us why it's so dangerous for the bear. >> reporter: it's only a matter of time, it before it got worse.

auto show as it revs up to open to the public this saturday. previews for the annual extravaganza for the latest and greatest vehicles are on display at the new york of eye candy and a glimpse into the future of what cars may look like in the years ahead from concepts to the latest models. major carmakers will roll out more than 1,000 cars and trucks during the ten-day event. >>> on "cbs moneywatch," facebook may have uploaded the email contacts of millions of users, and possible problems with the new samsung foldable phone. diane king hall is at the new york stock exchange with that and more. good morning, diane. >> good morning, anne-marie. pinterest and zoom will make their public market debuts today. yesterday pinterest price's shars at $19, valleying the company at around $10 billion. it will trade on the new york stock exchange. video conferencing company zoom is at $36 per share valued at $9 billion. it will trade at the nasdaq. notable earnings include american express, bb & t. stocks closed lower. the dow shed 3 points. the s&p 500 lost 6 points. the nasdaq fell 4 points. >>> facebook says it may have, quote, unintentionally uploaded emai

to you outside on the plaza at fox headquarters to show you the luxury crossover, lincoln is revealing its brand-new 2020 corsair suv at the new york autothe ford escape series. we're getting a first look right now. joining me right now is the president and cmo of ford, joy falatico. great to see you. thank you for joinings us. >> thank you for having us back here. we're really excited to share with you all new suv from lincoln, new he' newest edition. what i would like to do is get you inside and show you some of the incredible -- maria: tell me about the front of the car and the design of this before we go in. >> absolutely. this is consistent with our brand dna that you see in the navigator, the nautilus, the off yateser coming -- aviator coming out this summer. you can see the grill and the design features on the side of the vehicle. maria: what are you seeing in terms of reception so far? how is the consumer doing out there in the a auto market? how is the order book looking? >> we're pleased with our first quarter. sales are up 11%. a lot of it had to do with the suvs. suvs are hot in the march he get right now. consumers are resp

leland: the 2019 new york city international auto show is open, i draws folks from around the world including hey, there. there are more than 1,000 cars here to see and more than a million people coming to see them. we're showcasing concepts like a.i. and futuristic vehicles, and we'll tell you why the industry is seeing the biggest boom in nearly two decades. ♪ ♪ drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? leland: well, the oldest operational shn the u.s. navy, the uss blue ridge, got to hong kong on saturday. it sailed through the south china sea, and as we have reported, china has long been wary of the u.s. presence in the hotly-contested waters. the u.s. says those patrols are just routine to maintain stability. now we're told the ship's crew will experience the city through community relations projects a

new black" and the new show "family," taylor schilling. and, tracy pollan. check out the latest green cars courtesy of the new york auto show. are you?

. >> new york international auto show is in town. and jackie heinrich is there. jackie?were in the don't touch anything section. elegance represented here, would say but the trends in luxury vehicles known for what impact it's having on the industry. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. travel and dining now kayak and opentable let you earn travel rewards every time you dine. earn points with each restaurant reservation on opentable and redeem them for hotel discounts on kayak. get started at kayak.com/diningrewards. you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar cert

plus, we wrap our new york auto show week with a look at rugged yet refined vehicles. are

jeff flock is hearing about that at the new york auto show. hey, jeff.ter: i will get to that in a moment. first, i come to you from the forest. you know, the forest, the one that's just north of lower manhattan? it's actually the javitz center. this is the subaru exhibit where they unveiled the new outback. it sits atop what looks like a smoldering volcano in new york. speaking of hot, subaru, 88 straight months of sales increases. it's all about the suv at this show, not just this outback but take a look at this. toyota with an unveil of its highlander, that's a big seller for toyota, has been for some time but it needed a refresh. they got a whole new one out there that unveiled today. also, lincoln getting into the suv new unveil brigade. that was something called the corsair, smaller suv, the smallest lincoln has ever built, built here in the u.s. in kentucky. it's a focus on luxury and comfort and quiet and if you like matthew mcconaughey, get used to him. the folks at lincoln said he's going to do more commercials so get used to that. hyundai also

. >> new york international auto show is in town. and jackie heinrich is there. jackie?hing section. elegance represented here, would say but the trends in luxury vehicles known for what impact it's having on we got no free pass. everything we have, we've earned. the unmistakable lexus is. lease the 2019 is 300 for $329 a month for 36 months. experience amazing at your lexus dealer. scar levers in new york city ♪ ♪ are getting a first glance a ♪ very exciting vehicles hitting the market soon.♪ ♪ all part of the auto show. ♪ jackie heinrich has the ♪ newest from the javits ♪ center. ♪ reporter: i am in the eye candy section. this is a -- price tag is 3.2 million dollars. everyone here makes their way to this luxury area. over $15 million worth of automotive elegance represented in this exhibit. and with the industry experiencing economic boom, more and more the people can dream of driving off one of these vehicles. in 2017 national auto sales reached an all-time high but it plateaued in 2018 and it fell in the first quarter of this year. except some automakers concerned a

plus check out the hottest new sedans as we continue our new york auto show week.

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. >>> new york international auto show under way i used to take my son every year it was a blast phil and joins us for the first interview with hyundai's ceo brian smith. >> tyler says he brings his son to the show, this is the kind of car that a teenager or a young adultwould look at and say, this is an suv but it's pretty darn small. >> you're right,it is. it's pretty darn small but it's perfect entry level vehicle for someone who might have in the past only had sedans to choose from so we now have a full suv offering at that entry point. >> you're going to bring this in under the kona in terms of pricing. we're looking at sub $20,000 on the base. >> absolutely. in fact, as the vehicles move up in trim levels, venue is always going to be a little bit under kona we'll keep separation that way. >> you mentioned the sedan buyer. who are you targeting, you mentioned used car drivers who might be interested. why? >> there's many used car buyers who are only used car buyers and half of them thought about buying new first for whatever reason wound up buying new we'll give them a chance to

. >>> this year's new york international auto show begins its final weekend here in the city today andvative models are on display. but car lovers have yet to see one particular variety of vehicle, here or anywhere else -- a production automobile with a top speed of over 300 miles per hour. don dahler is here with the intense race to make it happen. i hope you have your seatbelt. don, good morning. >> good morning. to give you a little perspective, 300 miles per hour is approaching half the speed of sound it. may be hard to imagine what that would feel like behind the wreel of a car. there are three companies on the road closer to finding that out. we visited one headquarters in texas. this is what hennessey performance engineers is known for, obscene speed, turning hot cars into super cars, and the exorcist is one of their most popular, a modified camaro that goes from zero to sixty in less than three seconds. its top speed, 217 miles per hour. but that's not the texas-based company's fastest model. five years ago founder and ceo john hennessey set a new record for speed in a producti

and nowhere is this more evident than at the new york international auto show where more than 1000 of on display. we are live on the test track at the javits center in manhattan. hi jackie! reporter: hi arthel! we are at the rav4, the new model, and a professional driver is here to give us a spin. right! >> we are going for a spin. >> let's check it out show me what is copier. >> 203 horsepower. are you ready? >> i'm ready, i think! you feel it. you totally feel it! okay this is a lot of fun. [laughter] my goodness! >> the acceleration is plenty for getting on new york for freeway on ramps. and the breaking. it is 2.0and we have antilock braking. a longer wheelbase and lower center of gravity. you can go on a side tilt here. >> look at the camera. i feel a sideways. >> were kind of tilting over. there's a lot of good stuff on board. it's probably not dissimilar from the aggressive potholes you get in the city. >> we have plenty of those. >> indeed. overhears a patch of ice. i live in california as you know, >> you don't deal with ice out there.>> not nearly as much. but a lot of featu

plus all this week, looking at the hottest new cars courtesy of the new york international auto show.

we get a look at it before it drives off to the new york international auto show on thursday.. tell me what's special about the aventador. >> this is the -- it is the aventador svg. sv stands for super velotios. j is for the cars that are purely performance oriented. in fact, the car at the moment has the record in germany, one of the most difficult racetracks where we're number one with six minutes and 44 seconds. maria: look at these wheels. this is so cool. tell me about these wheels. >> this is a 21-inch rim where you see very, very thin tire to maintain the best direction performance in the cornering. but this car, the full package of technology, has a brand-new aerodynamic system called ala that stands for aerodynamic lamb borlamborghini. maria: it's the most powerful series production v-12 engine car produced to date by lamborghini. >> it is the most successful. we have already produced almost 8,000 units worldwide. and this is a limited edition. just 900 worldwide because it's a very, very special. maria: how does the door open here? the shape of the car is so beautifu

. >>> news coming from the auto dealer show in new york.traight to phil lebeau who is with volkswagen's ceo, phil? >> thank you very much scott who runs volkswagen usa, thank you for taking a few minutes to talk with us. we're going to talk a little bit about what volkswagen is right now. you know a lot of investors right now, they are worried especially with the european automakers, the potential of a tariff on imported vooex, even though you build most of what you sell in the u.s., you build in north america, how much would it hurt volkswagen >> look, i think you said it first and foremost, boy this is an awful lot of speculation. you and i have been in the speculation game for years we think it's bad for business, american dealers, bad for american customers and raise pricing. i think we're hedged 96% of our products are made in this market. all this uneasiness and tension is not necessary. >> are you confident from talking to your colleagues in germany and europe that this will not happen? what's your outlook? >> i can't speculate again

auto show this week. carol: welcome back to "bloomberg: businessweek." jason: you can also listen to us on the radio on sirius xm channel 119, and on a.m. 1130 in new york, in boston, 99.1 f.m. in washington, d.c. carol: a.m. 960 in the bay area, london on dab digital, and through the bloomberg business app. about features a section the next global big thing is made in china. jason: it is fun, reverend, and it is called tiktok. tiktok, no relation to bloomberg's tictoc service, is an app that was a little bit like fine, little bit like snapchat. it basically lets kids to do live streams and music videos. screens the teens and -- tweens. what is interesting is it is the first time one of these chinese internet companies has had a hit. jason: that is an important point. alibaba, but about those are essentially as big as they are. domestic chinese companies. >> and of the chinese market is so huge company just on the backs of those users. but what is interesting here is k, which grew out of a chinese app, was grown through the acquisition of another kind any -- company called music.ly. and if you are a social media user you have seen a day deluge -- seen a

auto show, he wanted to leave fiat chrysler strong enough to survive. guy: looking forward to reading the book. chieferg's milan bureau on sergio marchionne. this is bloomberg. ♪ ♪ vonnie: live from new york quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: we are getting oil inventories and just a moment. as we know, oil has been rising. at crude right now is $76.17, down $0.13. we got a build of 5.4 8 million barrels, a massive build. the market was looking it hundred thousand barrels of a bid and got 4.5 8 million. distillate saw a drawdown. --oline into stories gasoline inventories drawdown 2.1 3 million barrels. let's take a quick look of what that is doing to oil. time now for muni moment. with a rally and credit, all eyes are now on lower rated credit, particularly illinois. the market has seem to turn or positive on the state, with aaalds trading above munis. as you heard, the market appears to be a little more positive on illinois. you have a great report highlighting some of the concerns, particularly with some structural issues within the budget. what is the biggest concern when it comes to illinois? guest: anchor: these -- guest: i would say it is

new york, i'm vonnie quinn. this is "bloomberg markets." guy: let's talk about volkswagen. says he is diess quite optimistic about china's car market despite facing more uncertainty than usual. he spoke to bluebird at the shanghai auto show at the shanghai auto show. >> china has become a key market driving performance because of the government policies, but also because the society really is asking for it. you she does much more in china than in other parts of the world , so china is driving electric cars. we really want to use the momentum of china. presumably part of that is deepening partnerships with your partners here. we've reported you are looking at a stake in your smaller partner jac. are you able to update us on those conversations? guest: it is too early to talk. we are very happy with our here in china. [indiscernible] -- very international company already. we just opened up a new venture with jac, which is dedicated to electric cars, and we are reorganizing because china is changing for us. so far [no audio] developed ourave technology in china and put it into the market. this is changing, and this is why we are rearranging and exploring a little bit. reporter: you are also exploring a tentative partnership

new york. rio tinto in focus as sydney opens. missing shipments estimates. trade back in the headline. -- to allow president trump to claim a win ahead of the elections. tom: i am tom mackenzie at the shanghai auto show. bewon't be speaking -- will speaking to the ceo's of lamborghini, bentley, audi, and mclaren. stay with us. shery: a quick check of our markets. goldman sachs was the biggest loser on the dow after missing estimates on sales and trading revenue. 1.1%.w fell it did not help that energy shares were dragged down as the vti felt towards $63 a barrel. the s&p 500 did manage to stay above that 2900 level, which it lastd last week -- topped week. u.s. futures unchanged. let's see how we are shaping up for the asian markets. sophie: kicking it off, we have kiwi stocks looking to extend gains for a fourth session, but we are seeing the potential advance in tokyo take a breather after the topix closed at a december high as trade talks continue in d.c. aussie futures pointing to a soft start as we wait on the rba to release its april meeting minutes this morning. later new home prices today from china. flip in the board, it has been a busy morning. rio in focus. the miner did cut guidance. push

ed: this week the auto show is rolling into new york city, and here with a preview of some cars and suvsis real. warren to fix, editor-in-chief of the car coach reports, our old friend. this car the rivian has never been seen on tv. >> never. this is the world's first adventure electric view and it's an suv that seats seven. ed: amazing. >> this will take the show by storm. called a frunk. ed: the frunk. a front trunk. >> quad motor in it, 0 to 60 in three seconds, 705 horsepower. ed: i can't see the motor. >> because it's four quad motors motors. it goes 400 miles on one charge. ed: each wheel has a motor? >> yes. all wheel drive. you can go off record. ed: you can use this for storage storage? >> use this for storage, it's called a frunk. goes 400 miles. i got an opportunity to drive this in abu dhabi. did you look at the navigation system on this? you can see everything you want to see. this vehicle is really cool. it's right size, right tech. typically what happens when you buy an electric vehicle, people say i have to give up something. you don't have to give up something, all the l