cfo paul jacobson making comments just now to credit suisse fire side chat. phil lebeau has the story. >> paul jacobson in that fireside chat has raised general motors' full-year earnings guidance previously 11.5 to $13.5 billion. now he says it will be in the range of $14 billion above the top end of what was previously expected. what changed the chip outlook it hasn't been as bad as initially feared just a month or two ago from general motors' perspective. in addition, the outlook is starting to improve in terms of supply put those together and now you have gm motors raising full year guidance to $14 billion. again, the previous guidance was 11.5 to $13.5 billion. guys, back to you. >> shares of gm up almost 3% right now on this news. >>> coming up, we have more on the market's pullback due to the omicron variant here in the u.s. d will check more on equities ancommodities. the dow is basically flat right now. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to

cfo paul jacobson says sales have been strong.been able to mitigate mass production caused by the chip shortage. he says the semiconductor crunch has stabilized but does not expect a normal infantry level until at least 2023. disney has named board member susan arnold as its next chairman. she will succeed bob iger, who stepped down last year. arnold has been on the company board for 14 years and has served as independent lead director since 2014. unicredit is planning around 3000 more job cuts, doubling down on profit after an error of restructuring. sources tell bloomberg many of the cuts will come from the italian lender's corporate center. it is up to focus more on look at of products. shery: we are counting down to the start of trading. south korea has confirmed its first case of the omicron variant in five people. it is introducing a mandatory 10-day quarantine for incoming travelers from friday. also, we had eco-data out today for november. consumer inflation prices coming in at the highest in the past decade. also gdp came