phil lebeau has experience actually with launching one? were you in the cia, phil?'t in the cia, but i have launched, still -- >> you have to tell us. >> the scan eagle drone, don't like to call at a drone at boeing, made by boeing, subsidiary in oregon make it unmanned aerial vehicle. essentially, the navy, the intelligence, military, they have been using the scan eagle for a number of year, ten years they have been use it. costs roughly $100,000. here is the deal with this scan eagle it stays aloft for about 24 hours, continually circling over, monitoring and feeding back thermal images and their mom. used successfully a number of times and a number of missions. the interesting thing about this drone, set it up and launch it in minutes did it when we were out in the high desert in oregon, weighs less than 50 pounds, chromed by a mobile control unit that is nearby. it always has contact. there you can see it looking down on us after we launched it there for boeing, this has been an incredibly successful drone or unmanned aerial vehicle and we are going back ten yea

phil lebeau in chicago with the story. phil?ing about business owners flat-out spooked about the economy, about the fiscal cliff and about whether or not there's going to be any certainty any time soon. we will explain and have the latest numbers coming up on "power lunch." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your l mercedes-benz dealer. >>> welcome back to "power lunch," comments from jpmorgan cfo doug bronstein presenting at the goldman sachs financial conference today, jpmorgan expects low rate ounce deposits to take $400 million out o

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phil lebeau knows. he's at a manufacturing flant wheelin plant in wheeling, illinois. >> this surprises a lot of people but at this company, they've got ten openings. i've heard this from other manufacturers as well. they can't fill the jobs. it is not a skills gap. it is because they can't find applicants willing to take the job. look at how many manufacturing openings have come up across the united states over the last couple of years. it's gone from roughly 90,000 up to a quarter million. that's how many manufacturing jobs are open right now. when you look at some of these companies, like here at afilion, they have jobs gone unfilled for months. what do they do here? they turn to lights-out manufacturing. essentially, they take these cnc machines, computer programmed machines, they will program them during the day, turn offer the lights, go home and they have product waiting for them in the morning. the ceo says he has no choice because he can't fill the second and third shifts. >> i sometimes wake u

let's bring in phil lebeau. all right, phil, prediction time, baby. can we hit 15 million cars and trucks sold this year? >> not for the year. monthly sales waist which we'll get later on this afternoon, yeah, i think we'll definitely hit 15 million. that's a pace for the month of november. each of the individual automakers all did probably better than expected. all except for general motors. when you look at these numbers, gm is the one that came in. that's the annual sales pace. as you go back to 2007, that's really the last time you were above 15 million for an entire year. for the individual automakers, again they're all positive for the month. gm the only one that does not meet expectations. what drove sales last month? an improving economy. sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws he

phil lebeau digging in on some new data. what have you found, phil?: and less expensive packages. what we're talk begun is the latest crash tests for highway safety, and these crash tests are measuring what they call the small overlap crash. essentially imagine a crash in the front quarter panel either on the driver's side or passenger's side. they have tested both moderate-priced mid-sized carses a well, 13 moderate sized were rated as good or acceptable and three luxury mid-sized cars had the same rating of good or acceptable. the small overlap crash test results, those cars, only four rated as good, meaning the top rating, honda accord, the suzuki kazashi which ironically will not be sold here in the u.s. in the new future and the luxury model volvo s60 and the acura tl. the head of the sstl says it's not always better to pay more. >> what we find good about this is that the public doesn't have to spend a lot of money to get state of the art crash protection. >> reporter: and in terms of the results, this is interesting. toyota had four models that

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phil lebeau in chicago. talk about the fiscal cliff.ing a little worse and worse for that holiday break for congress, at least, as the president says he will veto house speaker boehner's plan b. our john harwood is live in washington. as i said earlier in the show, still stubbornly optimistic this gets done. >> i am, even though the trash talk keeps on coming, carl. just a couple moments ago, we got an e-mail from the boehner communications office calling the white house veto threat bizarre and irrational. again, this is in response to the plan b that boehner unveiled. let's just replay the bidding for a second. the sound of stalemate. you had the white house giving an offer to boehner a couple days ago that offered to raise taxes on people with incomes over, families with incomes over $400,000. had some spending cuts. boehner said it was not sufficiently balanced with spending cuts. he rejected the offer. he's come out with plan b, which doesn't have any spending cuts at all but would only raise taxes among people with incomes over $1

cnbc's phil lebeau is back with us from chicago again. phil, what's in it for delta?it root structure? >> it is the root structure and gates at heathrow. singapore airlines wants to sell its stake in virgin atlantic. it has struggled for some time. they own 49% of virgin aen lick. the possible price here -- this is just an estimate at this point according to industry sources -- $1.1 billion to $1.3 billion. who owns the other 51%? we all know who it is. richard branson. for a couple of years now he has been weighing the future of virgin atlantic. this is an airline that despite all the publicity, it has struggled to really make a huge dent in terms of the bottom line for those shareholders. virgin atlantic has not made money for singapore airlines. that's why they want out. they want to focus more on asian reps. >> what are the odds it goes through? >> maybe. good chance that the 49% stake could be sold if delta could swing a deal because it wants these gates at heathrow. they might want to work with their partners over in europe. at the day of the day, this is all ab

phil lebeau and julia boorstin all over those big stories. phil, you first. >> sue, right now as we speak a technical team from boeing is in new orleans looking at that dreamliner after the emergency landing. we'll have the latest in just a bit. >>> but first out to julia in los angeles. >> netflix says the company is taking a big step forward. we'll tell you how and how much it is worth after the break. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of you

phil lebeau has the report. >>> how about housing? what a story housing has been this year. a milestone. home prices on track for their first year-over-year gain since 2006. is the worst finally over? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess

phil lebeau in new york. willy walsh making a bet with richard branson that the virgin airlines brand will not be around in five years. branson offered to bet 1 million pounds, walsh reportedly said, i don't have a million pounds. a knee in the groin maybe. that's as painful to him as it might be to me. why can't our executives be that creative. >> that's so colorful. >> a ceo challenging another one like that in this country? >> it would be rare. >> it's rare. usually they control the company. that is typically -- they have large shareholders, they're never going to say something like that. >> they don't often mention body parts. >> only a guy could really appreciate that story. >>> cramer's live in washington. six stocks in 60 seconds. >>> if lawmakers do not agree on a budget by january 1st, 2013, the expiration of the 2001, 2003 and 2009 tax cuts will generate $225 billion in revenue for the federal government. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewar

. >> on those ford numbers we'll go to phil lebeau who is watching all of the auto sales today. . >> month of november 6.5%. that's above the estimate that was out on the street of an increase of 3%. we're trying to see a breakdown in terms of trucks versus cars. remember, trucks is part of the story that we're looking at for the automakers. in the month of november coming off of october, increase in housing starts, increase of activity with contractors, construction firms, we're expecting to see trucks do better. we're waiting to see final numbers from ford. increase of 6.5% versus estimate of 3%. gm numbers top of the hour and we'll talk to the head of gm u.s. >> you can build a portfolio that had usgs and depots and some trucks, right? some autos. >> yes. look. this number is spectacular. if you had an inkling that europe was getting better a bit, ford is a $15 stock. >> funny you mention that. jim o'neil of goldman on "squawk" saying i know of investors in europe who haven't dreamt of that in years. you made a point to a large degree that's where some money is going quickly.

phil lebeau joins us again. 12 hours later, there you are, here i am. >> it's interesting what the exacts will be. we won't know until the government has fully unloaded its entire take in general motors the treasury department owns 500 million shares of general motors. today it is selling 200 million back to gm at 27.50 a share, that's an 8% premium compared to where the stock traded yet. 300 million shares remain. they'll be unloaded systematically by mid 2014. the treasury will not recover all the $49.5 billion that it put into general motors but it will lower its investment stake. this is a pie chart that really shows how much of a stake the different stake holders have here. the government will now have 2 -- 22% once it sells its shares back to general motors. they're going to have $38 billion in liquidity. the company will be underneath the t.a.r.p. pay restrictions. gm shares got a nice pop. they closed at 2718. that is the high going back to february of this year. we were wondering if they close over 27.50 that would have put them at a 52-week high. while gm is financially in a mu

phil lebeau, this is a really, really big issue.ind of feels like big brother in the car seat with you. right? >> reporter: well, i can understand that, but think about this. most vehicles already have a black box, if you will, in the vehicle. this was at the heart of the toyota recalls a few years ago. almost all manufacturers here in the united states have some sort of device which is recording the final few seconds before an accident, before a major incident. it's not like it is constantly going. it is triggered by certain events. and so i understand people's concerns about privacy but the fact of the matter is this is already in most of our vehicles. >> does it also make it safer? does it make these cars safer essentially if you can gather that information and it helps them make better safer cars in the future? maybe it is a good thing. >> reporter: in theory, yes. obviously the automakers do study these when there have been accidents. toyota looked at a number of these black boxes. remember right after all of this happened ther

we want to bring in and get your reaction to this rather surprising story that our phil lebeau has from illinois. you're finding a company that can't find people to apply for jobs out there. are people refusing jobs in this economy? >> it's happening, bill. listen, it's not just here. we're seeing it with a ton of manufacturers. take a look at how many manufacturing jobs have opened up in the u.s. over the last three years. it's gone from 90,000 to 247,000 in october. we went down to bloomfield, indiana, just south of bloomington. we talked to the folks there at an auto parts supplier. they cannot find people for job openings, particularly for the second and third shift. some of it's a skills gap. some of it is a lack of applicants. some of it is because they've had people, brought them in, hired them, and those people have said, you know what, i'd rather stay on unemployment. >> we've had people that we've interviewed that we've agreed to hire, and at the end of the day, they've turned around and said, we're not going to take that job. we just found out that unemployment benefits have

let's bring in our phil lebeau. we'll be talking about this.s speculation and where there is smoke, there is fire. >> a lot of people are sitting here saying, what's in this for delta. is this a smart move? almost everybody when you look at what delta is getting here, for $363 million it is a smart move, 49% stake in virgin atlantic, the stake singapore airline held, they expect approval by mid 2013. when we talked to the ceo of delta earlier today, he made it clear this is all about greater access to the uk market. >> traffic flows between the u.s. and uk for business travelers represents $2 billion in revenues. massive. >> when you look at star, skyteam, what delta is part of, versus oneworld, they are all joking to increase their market share. no word on whether this will be the case with virgin atlantic joining skyteam. don't be surprised if that ultimately happens. take a look at shares of delta enjoying a nice day today. you mentioned airline index, yes, it is trading at a one-year high. a heck of a chart up 20%. not just on the delta new

. >> we will have more on southwest in just a few moments by the way when we check in with phil lebeauyla is on duty at the nasdaq. hi, kayla. >> hi, taylor. the nasdaq has been range bound as well. currently down 15 points. it means it's just wiped out its gains for the week hovering at the flat line. you need to go to 13 points to be positive territory. triggers are finding some respite in a adobe systems. they have a cloud product that's hitting a three-year high there. let's take a look at some of the other movers here at the nasdaq. sales force.com, another high for crm. we are seeing weakness in facebook with the lockup coming. 150 shares. that is obviously a big story as far as apple. that's dragging down the overall tech factor. >> let's go out to chicago and check on the bond market now. rick santelli is tracking the action. hi, rick. >> hi, tyler. we're up 8 basis points on the week even though we're down three basis points from yesterday. if you look at a 30 year bond, on the week it's up five basis points. on the day it's down five. but open the chart up going to early octo

phil lebeau joining us here. what is the news?y we're talking about the ford fusion hybrid and the ford c-max hybrid. both of those models claim, according to ford, they are believed to get 47 miles per hour. that's how ford advertises them. that's on the sticker eer on t windows. consumer reports brought them in, did the testing. according to consumer reports, the fusion and c-max hybrids do not get 47 miles per hour. the c-max gets 37 miles per gallon. those are dramatically lower than 47 miles per gallon. just for some point of reference, these are important vehicles for ford because as ford develops that hybrid platform, the fusion, they've sold more than 10,000 this year. they've sold almost 9,000 of the c-max hybrid. that's pretty decent numbers considering ford was nowhere when it came to hybrids a couple years ago. big claims coming from consumer reports. >> okay. i'm not going to pile on to ford because we've seen this with other car companies. so in your long experience, phil, has there ever been a car that has really li

phil lebeau is in chicago. y, phil, the europeans are taking a leap out of the americans' book. they used to scoff that the american automakers would offer. now it's par for the course. >> especially in december. it used to be lexus, but mercedes-benz was looking for offers in november. this is an increase compared to october, up 42% for bmw, 26% for mercedes, lexus up 3%. what's going on here? let's start with bmw. their holiday deals now include up to five months of no payments. that's the kind of stuff you used to hear from chevy or from ford. by the way, bmw sales surged 45% last month. mercedes leads bmw year-to-date by just under 1,900 vehicles. it last led the u.s. luxury sales in '99. it really wants the title again. at the core of what's happening between these two german automakers, they need strong sufficient sales to offset the weakness they're seeing in europe. that's why their production has been ramped up here at their facilities in the u.s. bmw announced it's on pace to set global sales of more t

our phil lebeau is live to tell us why this is happening. phil?ut uncertainty, carl. this is a troubling statistic. i want to show you a chart we received which monitors 20 million small business loans with 17 million businesses around the country. look at the falloff here in terms of the amount of investment made by small manufacturers. what you want to look at is towards the end in the third quarter. it fell off dramatically. well, according to pay net, small manufacturers cut their investments in plant, in equipment by 50% in the second quarter. one of the troubling sectors transportation equipment, the investment there for those manufacturers fell off by 33% and according to the folks at pay net this comes down to manufacturers pulling back because of uncertainty. >> there was certainly a lot of uncertainty about how to implement affordable health care. how to react to the tax rates that were coming down pike, whether or not the deficit problem was going to be addressed. >> reporter: bottom line, uncertainty about the economy. we're seeing tro

phil lebeau in illinois. thank you. >>> homebuilders are desperate for workers.ects because thap they don't have the crew. diana olick is in washington with more on that. diana? >> that's right, carl. construction has been bumpy to say the least. the problem is they need really skilled workers and that's why the students are feeling new power in the power tools. why? because from here to texas all they're hearing from builders is we need workers like you. >> about two weeks ago we started getting calls like maybe seven or eight a day and we were asked to bring students to work sites. >> a far cry from a few months ago when linda was begging homebuilders to hire sfrunlts the job corps program. >> there was nothing going on. >> now they're in high demand and they know it. >> there's a resurgence in construction, so i know this is the place to be. >> housing starts climb to an annualized rate after falling to a low of just around half a million in 2009 when the industry and the trade were decimated. >> over 2 million workers left the construction industry, and most

cnbc's phil lebeau going to join us next with president of gm north america.om of the hour, the government's latest read on employment, inflation, and the consumer. we're going to get jobless claims, ppi and retail sales numbers. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] i have obligations. cutestress. tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "squawk box" this morning. it's a big day for general motors as it takes the wra

i'm phil lebeau with breaking news regarding boeing and the 787 dreamliner.liner that has run into problems, once delivered into service, this one solving a cutter airway 787 on delivery from the united states to london. just a few days ago. it has been grounded in london. according to the ceo of cutter qatar airways, he says that the airplane developed a generator failure while in flight. now, it was not an emergency landing but a generator failure is what he says. we've talked with boeing this morning. they say they are aware of the issue. they're not sure it was a generator that failed on the qatar airways 787, but the significance of this is remember on december 4th, it was a united 787 that had to make an emergency landing in new orleans because one of the generators failed on that airplane. there are six on these airplanes. and remember, the 787 was designed to use six generators, electric power so that near nth not using power from the engines, part of the fuel efficiency that goes into the planes. the question is there a problem with the 787s? we have

phil lebeau has more on this story. >> a rough day yesterday if you are tracking what's happening withliner. one of two important stories that broke yesterday. the first one involving a dreamliner that had to make an emergency landing. it was flying from houston to newark, new jersey. it had to turn and it had to make an emergency landing in new orleans and united crew reporting mechanical problem. they delivered the dreamliner two weeks ago. boeing technical team is right now in new orleans investigating the problem along with united teams. they'll have an update later today hopefully. boeing coming out and saying that it expects faa to mandate what it's been pushing its customers to do for some time requiring fuel line checks for the dreamliner. checking the installation of two connectors and half of the dreamliners have already been inspected according to boeing. we expect the faa to make this a mandatory requirement later on today. by the way, almost 40 dreamliners have been put in service in the last year. boeing recently increased dreamliner production from 3.5 to 5 per month. pr

cnbc's phil lebeau joins us with more on that story. phil, good morning. >> good morning.start of the first shift here. this is where they make components like this that will go to the aerospace and electronics industries. they have 10 to 12 openings here and this is a story that we're hearing throughout the manufacturing base in the united states. take a look at how many manufacturing openings have been created over the last three years. it's gone from essentially 90,000 up to 247,000. some of those openings they seem like they're permanently open. we went down to metal technologies an auto parts supplier just out of bloomington, indiana, they have five to seven jobs they're ready to fill but they can't fill. in fact, they've had situations where they've had applicants come in, they've hired them and then the people who have been hired have said, do you know what, no thanks, i'd rather stay unemployed. >> we've had people that we've interviewed, that we've agreed to hire, and at the end of the day, they've turned around and said we're not going to take that job. we just f

i don't know if we'll hear from phil lebeau later this morning, but a fine for allegedly failing to report safety defects in a timely manner required by law. not the first time this has happened. it's the fourth fine in the past two years. automaker does not admit or deny guilt. but there's a look at shares a little bit higher this morning. >> let's check with bob pisani on the floor with more. good morning, bob. >> hello, guys. happy tuesday. of course, we saw a little bit of the drop in futures when corker came out and said we're not close to a deal. by and large, we're still positive here today. that's because everybody knows that a deal of some kind is coming. the president's offer is getting closer to the gop offer. the republicans are meeting this morning, no doubt they'll squawk and scream. ultimately the street believes some kind of deal is coming here. the big issue is the post-fiscal cliff trade. that's what everybody's trying to figure out. that's where there's a lot of differences of opinion. by and large it's been a strong argument to buy going into the fiscal cliff and sell a

sheetz phil lebeau with a look at the airline sector in 2013. >> in 2013, the merger dance between us airlines will finally play out with a decision by the amr board and the creditors committee early in the year. if the two airlines merge, they would challenge united for the title of largest airline in the u.s. but a merger may also signal a top for the airline stocks that have been steadily rising in 2012, in part due to speculation of consolidation in the industry. next year expect to pay a little bit more when you fly as airfares are projected to move slightly higher. but the biggest increase is the fees we'll be paying for everything from checked bags to services on the flights. speaking of being on board flights, 2013 may be the year we finally keep cell phones, and electronic devices, on while taking off and landing. increasingly leaders in the aviation industry, and in washington, are saying there's little evidence phones, ipads and computers will interfere with a plane taking off for landing. even if that changes, don't expect the faa to decide it's okay to call and talk on yo

we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking newsed we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking with delta ceo richard anderson, and "squawk on the street" a little later on this morning. but this is a big deal in terms of what's happening with the airlines, and that international consolidation that we've all been expecting. guys, back to you. >> before you go, real quick. how much is this going to really impact delta, singapore air, which had this stake, was unhappy ultimately, because they didn't have the control

first here's phil lebeau with what to expect from the auto sector in the new year. >> in 2013 look forghest level since 2007. most on wall street believe the sales pace for the year will surge above 15 million vehicles. a healthy increase of a 10% over the 2012 sales rate. the average car on the road at least ten years old, the need and desire of americans to replace their old car with a new one will be strong. in 2013 look for the truck market to pick up. as the housing market recovers, look for contractors to replace their aging work vehicles with a fresh fleet of pickup trucks. finally 2013 is the year tesla believes it will put to rest all doubts about whether it can become a mass market automaker. the company is on track to be cash flow positive in 2013. and that it will meet its goal of delivering 20,000 model-s sedans next year. if that happens, focus for tesla and its investors will be the development of the company's next vehicle. the model-x. >>> today 'tis the seasons for profits what makes one kings lane the hottest site for home decor. "squawk on the street" all i want for

in light of phil lebeau's report -- >> people not finding jobs. >> yeah.ooking for people to work for $16 an hour and a lot of people are choosing not to. $16 an hour because they can make -- >> you sent me a good piece on that. >> right. the "journal's" point was, okay, we have a participation rate when the recession ended it was 65.7. we've been adding jobs ever since, it's gone from 65.7 to 63.6. that, unless you really assign a lot to baby boomers retiring that doesn't -- it's illogical that as jobs are being added -- the jrnlg points out if you add up food stamps, unemployment insurance, and you've seen the studies that even romer and others did about extending -- >> alan krueger. >> about extending unemployment and how that is detrimental to the jobless rate, if you add food stamps, which are way out -- you add unemployment insurance and disability which has skyrocketed, disability payments and then you take, you got a job offering you $16 an hour, and you got this social safety net paying you $30,000 a year, if you decide to work you got to drive to