jon: that was paul jacobson earlier today.y results but also uaw realities in focus right now. we just saw that expansion in the strike for the second time this week. 5000 members walking out of the gm plant producing some of the most profitable vehicles. yesterday we were talking with stellantis that lucrative truck plant. now we are talking about a facility in arlington, the kalanick escalade? >> that is correct. another cash cow plant the uaw is targeting. they started out taking hits, but now they are going for deeper hits, trying to move the automakers to give up even more. that is what shawn fain telegraphed last friday. he said we have seen a lot of progress, especially from stellantis. he wants to move gm further on economic issues. he said we will hit harder in a surprise attack and waving. that is what do these deeper hits mean for gm at the end of the day when it comes to their ability to operate with thousands walking out? gabrielle: they still have decent inventories of a lot of these vehicles. it is not like you

paul jacobson is the cfo of general motors. money and beat estimates the you withdrew your 14 lien dollar profit forecast because of the uncertainty due to the strikes. do you think it will materially affect the outlook given the con turns just the contours of the negotiations now? >> good morning and thanks for having me. before i start to my would like to give a big thank you to the entire gm team for an outstanding quarter across the board including the employees that are working every day in producing high-quality vehicles our customers love. it's a strong testament to everything we are going through now. when we made the decision to withdraw the guidance, it was based on not wanting to speculate on the length or scope of the strike. this is been a very different uaw leadership strategy. it's one we've adapted to but at the same time, given that we don't want to speculate where the next plant might be outcome we thought the prudent thing was to withdraw guidance despite the fact that the underlying business was performing a

hello, phil. >> yeah, let's bring in paul jacobson. mean to be rude here but i don't think anybody is focused on the third quarter and you had a great thursquarter, but where things stand right now in terms of the strike? >> good morning, phil. thanks for having us. first, i wanted to say thanks to the entire team for a terrific quarter, again. lots of uncertainty and lots of things going on but the team continues to execute based on the vehicles we are producing and the strong customer demand we see out there. we made the decision to pull the guidance mainly because of the uncertainty around the strike. we didn't want to speculate where the next plant might be hit or how long it might last and the best thing to do for investors was withdraw that guidance. the business was performing at the top end of the range and we felt that was the right thing to do in the short time remaining in the year. >> you offered cost of living adjustments and pay increases and a lot of things you believed would get the ball past the goal line, and shawn fa

shery: general motors paul jacobson on the possibility of striking a deal with uaw.o their six week. uaw expanded its walk out on tuesday targeting a plant in arlington. for more automotive reporter keith joins us from detroit. 5000 people walking out, what is the significance of this plan and how important will it be for gm? >> this is gm's most profitable plant. it makes big suvs, chevy tahoe, escalade, yukon. it is a money machine, so this will hurt gm, that's what the uaw has in mind because they are trying to squeeze more out of them at contract negotiations. paul: what's next in the strike? where are we in terms of negotiations? >> we are six weeks in. all companies are offering a 23% wage increase. the union started asking for 40% in the hope is they will meet in the middle. they are offering restoration of cost-of-living allowances. so they have come and long way but this last stretch is getting hard and the union is taking down at all three companies their biggest most profitable plants. paul: automotive reporter keith norton. let's have a check on asian mar

let's bring in paul jacobson, cfo of gm motors.ew $6 billion line of credit, essentially to give you a little more flexibility, financial flexibility, as the strike grinds on. is this a sign you expect the strike to continue for several weeks more? >> well, good afternoon, phil. thanks for taking the time to talk with us today. i think i wish i was here to talk about a settlement, we've put strong offers on the table, five offers, a record offer on the table before the strike happened, and we continue to believe we can find an agreement. the facility we announce today is a $6 billion line of credit i think is just prudent in line of some of the messages we've seen from some of the uaw leadership that they intend to drag this on for months, and we have to continue to fund the transformation and really position gm for the future for all of our people. >> your most recent offer, you guys made one on september 21st. you didn't hear anything back from the uaw in terms of a formal counteroffer until this past monday. i'm sure you're goin

here we are all pumped this morning whoo [ applause ] >> reporter: all right i'm here with coach paul jacobson that win tonight? >> we feel great, man. always coming down to four things first of all, community support. we can't do without our fan base we got to be good. we got to get a little luck in there. we got to stay healthy. >> reporter: what do you think about this this morning? >> it's incredible great opportunity for our school and everybody involved this is fantastic. >> reporter: all right i think we should end with a fight song here. let's have the band take it away thanks, paul [ applause ] ♪ ♪ >> that was awesome. what a great community to wake up and come on "the today show". >> i think the whole town is out there. >> they know how to do it. yes! >> love it special thanks to elizabeth. >> they're ready to roll >> elizabeth, amazing! >> i love it i love it. >> friday morning lights makes you smile every morning. >> yes go miners! up next, we talked about it all morning. it is about to happen. paul is about to perform that viral hit, "lil boo thang. you can bet hoda is going to lo

here is paul jacobson talking with us on squawk box. >> i would rather leave those in the room.he uaw where they are asking and where people can do that. >> that includes offering a 23 percent rate. since the beginning of the strike, to plans are down. that is taken out 22% of u.s. production. the ceo that we talked about sees the dealers impact. the parts and distribution centers are on strike right now. that inventory is a little bit lower. let's shift gears, let's talk about ge. better than expected earnings as a wide margin. shares are moving higher. they beat the top of the bottom line. orders are up 18% compared to a year ago. raising the guidance and free cash flow. we talked with larry earlier today. what we are noticing is the strength and demand are there. the challenge, the supply chain. they are noticing delays in terms of shipments from suppliers and they would be much stronger if they could get all the business that they were expecting. also the spinoff in renewable business, the energy business, that will happen in the second quarter of next year. david? maybe a f