reaching for help in a time of changing reality you have chrysler and peugeot one degree the world's 4th largest automaker to confront big shifts in the future of mobility also coming tanzanian farmers try swapping their crops with vanilla to cash in on task for long ago market prices but it's not an easy switch and dressing up yourself just isn't enough americans go on the hunt for the best halloween costumes providing a boon for regional. office called will go up into the program as the automotive world is going through profound changes. the response of some of the biggest name in the business is take the car pool lane chrysler and p.s.a. pujo have confirmed they intend to merge and tie up worth $50000000000.00 which would create the world's 4th largest automaker the move comes as car makers grapple with a downturn in demand price investments in electric and south driving vehicles the future looks bleak for the internal combustion engine car makers worry about getting left behind free at chrysler has failed to invest in new technologies such as all thomas driving and electric power

the french government itself a shareholder in peugeot has already given the green light and this is good news this is good news for europe because you know that we have to face the challenges of electric cars or. cars and to face that kind of challenges you need to have champions who will live. the combined company would have turnover of over $180000000000.00 euros and it would have around $410000.00 employees and making $9000000.00 cars each year would put it in a different league after folks. and the renault nissan alliance chrysler together with peugeot citroen would be the 4th largest car maker in the world. management hopes the merger will generate savings of more than 3 and a half 1000000000 euros but for employees hearing about cost savings sets off alarms many plants for example at fi at in italy are underutilized and peugeot's german subsidiary opel and british folk soul have been losing money for years even so the 2 sides say their merger should be completed without factory closures. well in the u.k. campaigning is underway for december snap general election and we already know

gm says that it french car—maker peugeot. gm says thatitis french car—maker peugeot.e amount. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is professor birgitte andersen, chief executive and co—creator, big innovation centre. tell us, we are looking at memory chips in china, huge increase in output. amazing story about china, memories chips, they expect to be self—sufficient in producing semi—this is interesting because china have kind of historically been very good on mobile communications, against all these new technologies, but not applications but not strong oi'i but not applications but not strong on things like really deep science, chips and pharmaceuticals. these areas they have imported, they have had lots of imports from south korea, from japan, united states, but now, actually, they are controlling 5% of the global market. they are almost self—sufficient. that is really important to china getting a foothold in being self—sufficient in all these areas, not depending on imports. yes, they are th

fiat says it's astonished at the lawsuit — which comes as it tries to seal a merger with france's peugeot new york — samira hussain has more. general motors says fiat chrysler spent millions bribing during the years of 2011 and 2015. gm asserts the union made concessions to fiat chrysler that were not afforded to general motors. such as hiring entry—level workers than gm was allowed to. the claims being made are tied to an ongoing federal corruption investigation that has led to 13 criminal charges investigation that has led to 13 criminal charges and 11 guilty pleas among former executives and union leaders. fiat chrysler has responded by saying it is astonished by the lawsuit and it believes that this is just a way for gm hamper ongoing contract negotiations between fiat and the union, and to also disrupt the proposed merger between it and french carmaker peugeot. gm said it is seeking substantial damages but did not specify the amount. shares in hong kong have fallen sharply leading the rest of asia lower — after the us congress passed bills supporting the city's rights. let's go to ou

how fear cries chrysler's earnings welfare in relation to a deal with peugeot.na rules outed superfast mobile network from today. —— rolls out it. we start with carmakers because fear chrysler has announced better than expected third—quarter results as it heads towards its merger with peugeot owner psa and despite a strong performance in north america, the company swung to a net loss of $200 million, due to the cost of shaking up its european operations. that highlights the thinking behind a plan to create the world's fourth—largest carmaker. i asked auto analyst han scrambled whether that was a good idea. —— hans greimel. coming together fills the company's greimel. coming together fills the compa ny‘s weak spots. greimel. coming together fills the company's weak spots. they are weak in europe and can combine together and become a real european superpower that can challenge volkswagen in europe. fear chrysler is weak in electric vehicles and high technology. meanwhile, psa has zero foot went in the united states and north america and that's in place where fca i

peugeot shareholders are taking a higher risk. the deal is very preliminary. to complete it. it makes a lot of sense. more, and didg on a tremendous job of returning peugeot with profits that we have not seen for a long time. >> bloomberg has learned that chase morgan is considering relocating several thousand employees out of the area to help rein in costs out of a possible economic downturn. they said they are committed to the new york area. >> last year, they announced this huge headquarters they will be building at 270 park. they said we are recommitting ourselves to new york city. they have quietly been building up locations in lower-cost areas like plano, texas, where they have this huge campus. this summer, they actually started work on a new tower in plano. what i am hearing is they are at some point in the future, it seems like they will have the same amount of employees in texas as they do in new york. >> now to bank of america, which is planning to pay its employees special bonuses. it is the third straight year after recording record earnings in fo

fiat and peugeot. fiat and peugeot plan to merge. to $47cap of close billion.he may biggest winner in the deal, since the talks were revealed. the other winners are the small advisory firms being hired. , tomated by freeman and co. split as much as $90 million in advisory fees. let's bring in chris reiter who has been covering the auto industry for years. clearly anl, this is acquisition, right? we can call it a merger but you is buying fiat, which is good for john elcon. ands: the elcon family agnelli family have wanted to reduce their exposure to cars since they took over, and this is the deal that gets them to a manageable state and automaker without totally getting out. matt: anna? anna: what does this leave us with, the picture for the big automakers? how will this entity stack up against the competitors? we are not talking about the world's largest carmaker being created. peugeotiat chrysler and still have the same problems in that they are mass-market automakers largely exposed to mature markets. fiat chrysler is mainly in the u.s. and have given up a lo

and look at peugeot is new to a. artist a young baby.

between fiat and the union, and also destruct the proposed merger between it and french carmaker peugeotdia is reportedly set to offer more than 300 companies such as tesla a set of factories in the south asian economy. monica millerjoins us now from them by. monica, tell us about this plan? the indian government is asking themselves, if vietnam can benefit from the us—china trade war, why can't we? so now they are considering a proposal, according to the bloomberg that obtained a report, that says they have big proposals when it comes to land, electricity, water and road access. one of the reasons that india is overlooked for places to build factories is that they have a huge amount of regulations. to what this proposal is saying is that they may lessen the red tape so that these companies can come in and do business, and it really needs to do all it can do. they have made big promises on the economic front, but its gdp has shrunk to its lowest degree in six years, so this is the type of investment that they need in orderfor them to type of investment that they need in order for them to

peugeot has seen its sales drop drastically. >> they are not that competitive compared to chinese brandsi drive a chinese cacar. it i is cheaper. are lookingmpanieies to cover the chinese markets. often required to share knowledge and technonolog. losinge is a risk of your technology. sometimes it is a requirement. france retains a competitive advancement in some sectors. with european constructor airbus having opening a factory, china has begun to build its own air raft. the continued unrest could be hurting the economy. clients reportedly asked bankers and wealth managers to move their funds. it is a growing topic of concern. secretary called for everyone to work together to keep the city friendly for busisiness. is sparing noent effort. we hope all of society can join favorablereate a environment. shown the dooras to steve easterbrook after he had a consensual relationship with an employee. revitalizingd with mcdonald's and has come under fire for the low pay and labor policy. he will be replaced. lots of challenges facing the new ceo. mcdonald's hoping to rebound from this. coming up

and look at peugeot is new to it.

fiat chrysler and peugeot announcing a merger this week. by aot is 12% owned chinese motor corporation. has the united states taken a look at that deal? mr. kudlow: not yet. we will, obviously, look at it very carefully, but not yet. jonathan: but has the president said? mr. kudlow: the president has not commented on that deal. jonathan: do you think it is worth having a look because of the sensitivity around chinese owned companies? this is one of the big detroit car companies in the united states, part owned by a chinese motor corporation, because of its ownership of peugeot. mr. kudlow: we will take a careful look at it. we want to do business around that it isproviding to our benefit, the united states' benefit, and i presume the other country, too, but president trump is here to defend the u.s. economy and the american workforce. with respect to the chinese story, we obviously are alert and on guard. we have to make sure that whatever china business develop its occur do not occur to the detriment of not only our economy, but our own na

itself vigorously against the lawsuit and questions if it's a move to disrupt the proposed merger with peugeotntinues with prince andrew. the prince asked to step down from public duties. he's also saying that he's willing to help with any appropriate law enforcement agency with their investigations and that is what's happening now. cheryl: that was quite the bombshell interview, certainly rocked england and the royal family. thanks, tracee. lauren: take a look at your money right now. the start of the show, the dow was down 50 points and now down just 7. s&p could turn positive right now. the wall street journal is reporting that china has invited u.s. trade negotiators for more talks as they try to seal phase one. as we saw from jonathan hunt in hong kong, if the president signs a deal to protect hong kong, what does that do to the trade negotiations. still ahead, elizabeth warren defends her wealth tax plan by attacking the american dream. >> it's not about punishing anyone. it's about saying you built something great in this country, good for you, but you did it using workers all of us hel

and look at peugeot his new tool which. artist a young banker sees the technology and is a line of who shows new to a way as the french car makers bid to shake up the subcompact classic buyers have a choice of gasoline or diesel engines or electric drive it would like to find out which drives system suits on this one for many and what puts it ahead of the v.w. polo bore no creo and other competitors so much. the brake colors are the only thing that make this little runabout look fresh and modern the daytime running lights do their part as does the big air intake with fine chrome detail. part of the g.t. line is a big rear spoiler that lends the tooling quite a sporty look a glossy black rear l.e.d. clusters strip connex the tail lights. to show off or since choice of a one point to leave again so. an engine a diesel and an electric drive for its new 208 we tested the most powerful gasoline version 1st it has an output of $96.00 kilowatts that's $131.00 horsepower. this version comes with an 8 speed automatic transmission in

nice move here along with peugeot. both looking to get their mergers signed, sealed and delivered as early as december. or by december 25th, the very latest. that according to sources. the merger will create the fourth largest automaker by sales. shares of fiat up 3%. peugeot better by 3.25%. >>> racing to new all-time highs. it's ferrari. ticker symbol race. the luxury automaker beating on third quarter earnings estimates, thanks to strong sales in the v-8 and v-12 models which were 9% and 8% higher respectively. the prancing horse also looking to enhance its brand through new apparel, entertainment offerings and luxury products which include an agreement with armani and a new restaurant in northern italy. shares of ferrari, better by 5% right now, $169.42. >>> auto makers of course heavily reliant on robotics to put together their cars and assemble them and while many fear the robot will one day take their human jobs, automation is not a dirty word at one robotics plant in the swing state of pennsylvania. that's wher

and look at peugeot his new tool which. artist a young banker sees the technology and design a pushover new tool as the french car makers bid to shake up the subcompact classic buyers have a choice of again saline or diesel engines or electric drive if god would like to find out which drive system suits on this suit for many and what puts it ahead of the v.w. polo you know camille and other competitors so much. the brake colors are the only thing that make this little runabout look fresh and modern the daytime running lights do their part does the big gear intake with fine chrome details. part of the g.t. line is a big rear spoiler that lens has to only quietus 40 look a glossy black rear wheel we'd be clusters strip connex the tail light. offers a choice of a $1.00 lever gasoline engine a diesel and an electric drive for its new 208 we tested the most powerful gasoline version 1st it has an output of $96.00 kilowatts that's 131 horsepower. this version comes with an 8 speed automatic transmission and accelerate from 0 to 1

the peugeot 508 is among the most elegant of the midsize sedan is on the market but it's not only an eye catcher on the outside the interior is also impressive those thing fine materials like piano lacquer finish real wood and synthetic sway. the ergonomic driver's seat is plausibly comfortable to. in front of it there's a compact steering wheel. a configurable 12.3 inch display instrument panel and 10 inch h.d.t.v. screen. as suits the modern look there's also a whole array of assist systems to help drivers on long hauls these include a driver attention alert system programmable cruise control emergency brake assist and many more. to says the fibroid has a system that will park the car for you so say you drive 800 kilometers to your destination and you just don't have any desire to park your car you can let the car park itself and. the push pull parkas has parts of the car and reverses out again automatically. he controls the steering acceleration and braking on its own modest wants to find out just how well the 5 away gets the job done. he's going to let the car find a suitable par

and look at peugeot his new tool which. artist to.

dodge and jeep and ram trucks so that merger together that makes for a very strong situation bring peugeot vehicles maybe not under the name brand but that product into the marketplace for some of the older models like the course or $300.00 that's been sitting there forever and never got enough face to it charger and challenger and maybe some s.u.v.s bringing in that vehicle will be great and will also allow for electric vehicles to merge in with the at chrysler to help them with some government regulations this will go through even though general motors has accused them of record tiering which i think is a bit far but they claim they actually have a reason to believe that this is true and they're going to take it to court i don't think it's going to impact the merger whatsoever and i think it's probably not a bad idea some of the on in india the auto economy now has been slowing for the last few years but new numbers from the federation of automobile dealers association shows that during this year's 42 day festival season retail sales actually fell 2 percent the worst sparing our motorcyc

was last seen alive on the morning of tuesday april the 2nd, driving out of the complex in his grey peugeoticially, spanish police have yet to find the hire car but a source have told us that the police did find it abundant on a street near the town. why have the police kept it secret that the car was found backin it secret that the car was found back in may? i do not know. we only found... the police told my daughter only about two or three weeks ago. that they had had the car and find it? yes. what have they done with the car? speak about do not know, it was just being forensically looked at. the police do not know that the demand for £100,000 was received by the family that all we were told was morocco and we got a phone message to say there was a run some come through for 100,000 within about three hours, we had raised the 100,000. nothing materialised. sussex police are resisting the spanish police in the case of the disappearance of daniel and liam poole. but neitherforce, when disappearance of daniel and liam poole. but neither force, when we asked, would take part in this programme.

french and italian unions are everythi everythi everything peugeot and chrysler in a merger of equals. psa said they did not contact them before the negotiation began. interesting conversation as you expect the market to be informed first fiat chris lore tracking down 1.2% double digits. look at the rest of the space for other automakers in the green, you can see the contrast the chinese very supportive for this volkswagen is up ferrari is up. they've had a strong run this year .8 higher in this session. looking at steel companies in europe u.s. steel posted a smaller boost. saying results were boosted with higher than anticipated flat road shipments you can see they are trading up as well. i want to take you to danske bank the stock continues to slide 3.2% it has narrowed the profit outlook. under pressure from lower interest rates and increased cost unveiling plans for the scandal that stemmed from the astonia branch with that scandal still unfolding. three-month picture has been weaker by 7.7% the czech investor has boosted his stake in metro the fund failed to take over the german

chrysler and peugeot owner p.s.a. will sign a merger agreement in the coming weeks according to a communication sent to employees of both groups obtained by reuters once the deal is finalized the resulting company will be the world's 4th largest automaker chrysler chairman john oakman commented on the situation last week see expected a binding merger deal with the french automaker by the end of the year. now meanwhile in the other auto related news south korea's hyundai said tuesday it has signed a preliminary agreement to build a new factory in indonesia the automaker is planning to invest $1550000000.00 in the indonesia facility from now until 2030 with the funds going to produce product development and operational costs the factory which will be the 1st for hyundai in southeast asia will start production in 2021 plans and to manufacture 150000 vehicles yearly with ambitions to grow that number to $250000.00 per year. and has been a crazy year for tech companies in silicon valley and some of the most impressive and

. >> reporter: a peugeot lucky at the start of crab season. that means crab cakes are on the menu tonight for the mcdougals. >> she caught it. my wife. first time here. >> i like rainy weather. >> reporter: the warning is to stay away but plenty chose to brave the wind and drizzle for a look at the waves and maybe a seaside snack. >> we've been selling a lot of chowder. i'm starting a new pot. we sold out of the first pot today. >> reporter: back out here live the waves are getting more and ggressive as the winds pick up the waves could get topped over 25 feet over night. reporting live, sonya shin, nbc bay area news. >> you know it's raining when you see it going sideways on the camera lens. >> the question is how long is it going to be raining like that? >> probably the next three hours. she's going to get hit really hard over the next 35 to 45 minutes. ee worst of the storm system right now. you can see in the microclimate weather. as we get you a wider overall expansive view, the heaviest of the downpours with the storm front, it is quickl

, fiat chrysler is reportedly looking to finalize its merger agreement with its parent company of peugeotding to reuters. they are hoping to sign a binding memorandum of understanding in three to four weeks. then warren buffett's berkshire hathaway was out with its quarterly results reporting its operating profit rose more than analysts expected. they say they ended the quart we are a record 128 billion dollars worth of cash on hand in those berkshire shares just about flat in the extended trade. >>> coming up on the show, the on going demonstrations in hong kong take a violent turn after a knife attack amid all those protests details on that and your morning's other top stories that's coming up straighahd.t ea high protein. low sugar. tastes great! high protein. low sugar. so good! high protein. low sugar. mmmm, birthday cake! pure protein. the best combination for every fitness routine. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because y

we can only conclude this was tended to disrupt the merger with the peugeot folks psa.e will vigorously defend this meritless lawsuit. when you start blaming the dead guy, that is to say sergio marchionne, i don't know. certainly some lawyers will make some money on this deal. not a pretty deal. charles: not pretty. but also another big loser would have to be the fiat chrysler workers. the unions are supposed to be trying to get them the best deal. you know, if they did indeed line their pockets at expense of their workers, it could be the worst thing for the union movement in a long time, a long time. reporter: people are already mad at them. if this comes to fruition, you could get, you think membership is down now? get a lot worse. charles: jeff, thank you very much, my friend. thankthank you. reporter: good to see you, charles. charles: president trump tweeting recently bringing the word nationalism back into the mainstream. great job, rich lowery important book. he is here. why nationalism should not be a dirty word. most of the democrat took the stage last night a

you think about the peugeot deal. more difficult and buy going into 2020. a redhead line on that. headline on a red that. i want to talk to about turkish inflation. the lira is strengthening. october inflation 8558 doubt from 9.26%. the estimate was for a .6% which validates the rate cut you have seen, the gargantuan rate cuts you have seen from the turkish side. view onhalf-full emerging markets. trial by data is the headline. there you go, strengthening and the layer this morning, down goes the dollar. let me take you to futures. there's a consensus about a possibility of a trade deal phase i. london, into futures in paris and berlin. you are seeing that sentiment on a phase i. my guess are skeptical on a phase i and suggest there's a lot more work to be done in phase two. take your bid wherever it comes. 7301 on the u.k. futures. roll it over and have a look at the bonds. i want to focus on bonds because i love when people talk about the 1990's. at with a whole different era than. jp morgan have reflected on the bond market. it reflects the 1990, the fed

stuart: fiat chrysler merger with peugeot to close as early as december, question mark. probably. the stock, fiat chrysler's stock up nearly 3% on that. $16 a share. >>> colorado's governor giving the okay to digital driver's licenses that you can access through an app on your smartphone. andre duran is with us. he's with ping identity. that company helped colorado with the software to get this done. what's the advantage here? so i get the app, my driver's license goes on this thing. what's the advantage? >> well, thank you, stuart. so the advantage is that we are going to be able to provide a better experience to all coloradons as well as improve the security of presenting your identity to the state and businesses. stuart: i could lose my iphone, couldn't i? >> you could lose your iphone and all of us have done that. takes a little bit of time to reload the applications and our payment mechanisms into the phone. but the phone is becoming really the center of all of our digital experiences, and americans are in love with our phones. we are already today putting our credi

peugeot and fiat chrysler turns to small advisory firms for their megamerger, ditching the big banks.re set to split as much as $90 million in advisory fees. it underlines an increasing trend of big companies leaning on smaller firms for advice. firm only has five partners. saudi arabia is concerned mms aramco ipo could drain liquidity in its financial sector. some lenders want permission to offer greater leverage. the kingdom is looking at increasing the amount banks can lend to local investors to buy shares. isork -- wework is being accused of discrimination. a complaint of anti-pregnancy buys has been filed. wework rejects the allegations, saying it has a policy of zero tolerance to bias. and that is your bloomberg business flash. nejra: thank you so much. let's check in on the markets in asia. rishaad salamat in hong kong has more. we are ending the week on a headline level. you can say we are adding to six months highs at the moment. a bit of a mixed bag earlier but we did turn around. let's have a look at shenzhen shanghai. a manufacturing service, pmi coming in stronger than ex

neil: by the way, real quick note on, you know, the peugeot fiat merger with chrysler, all of that. had been raised especially in europe, are you shutting down factories, will people lose jobs? both companies are pledging not to close factories if they merge under heavy constrain the combined group with excess capacity. they're telling regulators. you're worried you will get a lot of people. , very nice way to deliver. making sure the merger happens. better than 50 billion-dollar merger. it would create the world's fourth largest auto giant. tariffs could be rolled back. are we about to get rolled over? after this. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ ♪. >> the cat is in the cdw red zone. people who get it