phil lebeau, "on the money," chicago. >> the only car brand that has grown its u.s. sales every year for the last ten years is subaru. >>> up next, "on the money," a look at the news for the week ahead. and one very small and simple way to make a big impact on we'll tell you how, next its sleek design... is mold-breaking. its intelligent drive systems... paradigm-shifting. its technology-filled cabin...jaw-dropping. its performance...breathtaking. its self-parking...and self-braking...show-stopping. the all-new glc. mercedes-benz resets the bar for the luxury suv. starting at $38,950. jake reese, "day to feel alive" jake reese, "day to feel alive" >>> for more on our show and our guests, go to our website. follow us on twitter. >>> here are the stories coming up that may impact your money this week. on monday we'll get a look at the housing market with pending home sales for january. on tuesday, we'll see if the auto industry is driving up sales with the latest monthly report. >>> and it's super tuesday, when 12 states in one territory will hold primaries or caucuses

from safety handling to reliability to affordability, reporter phil lebeau has what you need to knowthe dealer for your next test drive. >> reporter: with americans buying a record number of new cars, trucks and suvs, consumer reports says testing of those new models shows a clear split between the best and worst brands. top picks this year include audi, subaru, lexus, porsche and bmw. when it comes to subaru, consumer reports says reliability makes it a top pick for buyers to consider. >> when you drive a subaru, they actually drive extremely well. they ride well, they handle well. they're reliable and do have a lot of the features, including a lot of advanced safety features that you normally only see in much higher priced cars. >> reporter: among the best individual models, the toyota camry is consumer reports' top mid-sized car, calling it a near perfect sedan. the kia sorrento was named best mid-sized suv. the ford f-150 was rated the best pickup truck in part because its cab is quiet and spacious. one reason some models got high marks is because they have collision avoidance sy

as phil lebeau reports this comes even as jet fuel prices have fallen almost 50% over the past year. >> reporter: it's getting costlier to take a flight. in fact, less than two months into this year, airlines have already raised fares more than they did all of last year. so far, airlines have succeeded in raising domestic airfares three times this year for a total increase of $22 round trip. well above the airfare hikes in 2015. what's behind the increase? strong demand. airlines are filling more seats on more flights. in fact, it's not uncommon to find many flights to be completely full. so the airlines have pricing power. and they're taking advantage of it. that may not sit well with passengers who see airlines paying far less for jet fuel. in fact, jet fuel prices are down 48% in the last year. if you think airlines will pass along those savings and cut ticket prices, think again. over the last 15 years, airfares, inflation adjusted, have been going down and hover around $375 round trip. some of that is because low-cost carriers have pushed down fares on many routes. how much high

phil lebeau reports. >> reporter: with the average gallon of gas selling for well under $2 in january, america's desires for trucks, suvs, and crossovers is running as strong as ever. overall, january sales for individual automakers met expectations. moving slightly hirgt or lower compared to last year. despite a massive snowstorm hurting sales for a week, in some east coast markets, sales rebounded at the end of the month. jeep in particular, remaining red-hot, with sales last month surging 15%. with cheap gas driving americans towards bigger vehicles, it's clear the traditional car is falling out of favor. at ford, car sales fell more than 12% last month. overall, prices keep rising, as buyers continue replacing old cars and trucks, with newer models. a trend auto executives expect to continue over the next several months. >> despite relatively strong sales in january, auto stocks remain stuck in neutral. a sign investors have little interest in the auto industry, even as it comes off of one of its strongest years ever. phil lebeau, "nightly business report," chicago. >>> still ahea

phil lebeau, "nightly business report," chicago. >>> coca-cola raises its quarterly dividend and that is where we begin "market focus." the sodamaker announced it would increase its dividend 6% to 35 cents which would be paid out to shareholders april 1. april fools day. it's no joke. this marks the 54th consecutive year the company has hiked its dividends. shares of coke up fractionally to 43.61. >>> caterpillar said its three-month machine sales fell sharply. the company's energy and transport retail sales down 39% while overall world retail sales fell 15% for the three months ending in january. an analyst from axiom capital predicts the company will cut earnings estimates several times this year. cat shares lost more than 1.5% to 66.12. >>> cabela's posted better than expected earnings in its latest quarter. thanks in part to a strong focus on core merchandise categories and an increase in online retail inventory visibility. revenue also beat, despite what the company calls a negative weather impact on fall and winter apparel. cabela's also said there's no decision on whether to se

phil lebeau in chick. let's bring in senior research analyst ben kallo. how does this feel to you, is it short covering or a change in sentiment about tesla's stock? >> thanks for having me on. i think it's short covering at this point. i mean, i think that the worst case scenario people thought they would lower their guidance. they did reitiate that they had given this range before. i think people are looking at the demand commentary for the "s" and the "x" and are positive on that. the cash flow positive commentary is interesting because if you look at the cadence that needs to occur for deliveries, they guide it to a down sequential quarter from 17,000 to 16,000 in q1 which means they need to make it up on about an average of 23,000 cars a quarter for the rest of the year which is a big number. >> ben, that's what struck me. net cash flow positive 2016 with spending $1.5 billion to ramp up production. i'm not mathematician clearly, but i don't know how they get there. they will have to sell clearly a lot of cars because margins seem to be compressing a

i'll phil lebeau with the consumer reports annual auto guide. the most heavily anticipated reports of the year in terms of ranking auto brands, predicted reliability, road tests done by consumer reports. let's look at the top five brands. audi number one, subaru number works followed by lexus, porsche, and bmw. the bottom three, this is interesting, fiat, jeep, and mitsubishi. by the way, none of the models that have been tested by consumer reports for any of these brands is recommended by consumer reports. and jeep in particular is interesting. consumer reports continues to question the reliability of jeep models n. fact, they haven't recommended a jeep model since 2013. and yet jeep sales continue to soar here in the united states. last year they were up 24%. here's jake fisher from consumer reports talking about jeep and its reliability questions. >> the reliability continues to not be very good. so lots of problems with these vehicles. trips to the dealership. trips to the mecke nichlk that's not good when you spend $30,000 for a new vehicle

and as phil lebeau reports, there are more loans going past due. >> with auto sales running at a record high, it's not surprising the amount of auto loans opened in the u.s. has soared. experian says americans now hold almost a trillion dollars in auto loans, with the biggest growth coming in the lower end of the market. , in inourth quarter of last loans to those with subprime credit ratings. the increase was even greater for deep subprime borrowers who have some of the worst credit records in the u.s. while there are more loans to those with poor credit histories, experian believes lenders are generally doing a good job managing the risk. but are loans being repaid on time? the data is mixed. late last year, there were fewer loans a month past due, but an increase in two month delean gwensies. especially if the u.s. slides into a recession and unemployment rate rises. historically, that's when people start defaulting on their auto loans and more cars and trucks are repo successed. >>> and to read more about rising loan auto loans, head to our website, nbr com. >>> in washington, the p

phil lebeau joins us with the results. um roll, please, phil. >> reporter: kelly, you mentioned earlier, audi is the number one brand according to "consumer reports." now, this is based on their road tests and their analysis of the latest vehicles from all the manufacturers. what stands out in this list is number two, subaru. that is the only non-luxury brand in the top five. when you look at the bottom three check who is out in the middle, jeep coming in along with fiat and mitsubishi as the three lowest-rated brands by "consumer reports." one key factor in these ratings, how do these vehicles stack up when it comes to safety, specifically do they have collision avoidance systems? that is a key feature that "consumer reports" now recommends and is looking for. those models that have it, those brands that push it, those are going to be rated higher than those that do not have it. quickly take a look at shares of fiat chrysler. we reached out to them for a comment regarding the ranking of jeep being among the bottom three, a

phil lebeau has details. >> dennis mullenberg who has been ceo since last july is now becoming chairmaning, effective march 1st. boeing just announced he'll move into the chairman's role. the current chairman and former ceo jim mcnernny is leaving the board after 14 years. not a huge surprise that mulenburg would be elevated to the chairman job in addition to ceo. current ceo of boeing is move into the chairman's role effective march 1st. >> but, phil, meanwhile, we're distracted by the maserati suv. what is going on here? i didn't know the luxury suv market was even a thing let alone so hot. >> it is red hot. if you've got $75,000 to spend, maserati has a suv you should be checking out. it's going to be in showrooms and pricing hasn't been announced but most i've talked to with are saying it's going to have a starting price of well over $80,000. at least that's the expectation. why at that price point is there so much demand. in the last four years because we've seen a increase in the number of models available and because of the market and look at the sales, almost 100,000 suvs starti

up next, phil lebeau wraps up the latest airline report cards, which carriers got passing and failingage. you might be surprised by some of the results. >>> the transportation department releasing its latest air travel report cards. last year turned out to be a mixed year for fliers. hi, phil. >> overall it was a pretty good year for the service provided by the airlines. last year, no surprise, month after month, hawaiian number one on time. followed by alaska and delta. when you look at the numbers within the numbers, some impressive things happened last year. airlines did a better job of handling baggage, fewer complaints per 1,000 passengers. fewer people were bumped from flights in 2015 despite the fact we had more seats filled on most airplanes. overall ontime arrival percentage is the best since 2012. there is the bottom of the list. these were the three worst airlines in terms of on-time arrival rates last year. number one with just 69% of its flights on time, spirit. they were right behind frontier. and they were right behind envoy. when you look at spirit, the complaint rate

phil lebeau. >> phil mentioned the cash burn will be closely watched.est thing the company has done in the last year is raised more than $700 millionle in a stock sale with the stock $240 a share last summer. that's going to keep it going for a while longer. the stock now down to about $140 and change is where it was two and a half years ago. ultimately it needs to raise more capital. >> musk bought some of the shares. kevin, do you like tesla? >> why isn't it like another car company but it's at a ridiculous multiple. g gravity is working now. >> kelly is back tomorrow. >> "fast money" is up now. they . cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. "fast money" starts now. live from times square i'm melissa lee. tim seymour, brian kelly and guy adami. if you are a value investor would you pick google over procter & gamble? the answer may surprise you and could explain what's going on in the market. plus, disney now l

phil lebeau is at one of those events and joins us now with a bit of a tour.rter: we're heading south on the eden here in chicago and ralph is our driver here in the tesla model x. you flew from florida to have a first crack at driving the model x, right? >> it's my wife's so -- >> she's right back there. >> she gets the back seat. >> reporter: a lot of people ask about the autopilot. show us how it works here. >> it's pretty easy. first thing you want to do, you tap it and put on -- >> no hands, right? >> reporter: you book tells you to use your hands but it handles real easy if you want to change lanes. the sensors, you hit the turn signal, there's a car next to me so the car won't go. as soon as the car gets past the safe zone, there's another one, there we go. it's a little hard to see at home but you're using no hands here. doing the legal limit, the 55, maybe a little bit more. just in case the state police are monitoring our progress here. >> reporter: that's this been worth the wait? a lot of people are saying they delayed the model x, $5,000 departmen

we go behind the wheel with phil lebeau. we'll stop by for that trade as well. >> hello everybody.ere is your cnbc news update this hour. president obama paying his first visit to u.s. mosque this morning working to confront bias increasing at an alarming rate. he's meeting with muslim american leaders from around the country. republican presidential candidate donald trump accusing ted cruz of stealing a victory in the iowa caucuses. cruz didn't win iowa. he stole it. that's why he got far more votes than anticipated and in another tweet trump wrote based on the fraud committed by cruz during the iowa caucus either a new election should take place or cruz results nullified. >> michigan stop environmental regulator saying his state should have required flint to treat it's water for corrosion causing elements after elevated lead levels were discovered a year ago. it was the first since they made news. >> and pope francis greeting member of the american circus which performed during his weekly general audience. it was the second performance by a circus troop two weeks at the vatican.

i'm phil lebeau. we have an interview with chuck stevens, cfo of general motors.ou just announced your fourth quarter. you just beat the street. chuck a lot of people are looking at your numbers and other auto earnings and saying is this as good as it gets for this sector and for gm right now? >> it's great to be here, phil. as we said before, no, this is not as good as it gets for general motors. we talked about 2016 having improved earnings, improved margins, improved cash flow and improved earnings per share. great year in 2015. but more to come in 2016. >> how much more can you grow margins especially in north america? look you're hitting the targets you set at greater than 10%. how much growth is there? >> we have significant opportunity looking across the rest of the business to grow margins. european broke even in 2015 versus a loss. we still need to continue our performance improvement in south america and gm international operations. we have significant growth opportunities in on star and gmac financial. with continued strength in north america and other

i was driving up the turnpike last year, just my commute, i look over and i see phil lebeau driving aess, you started razzing him. >> riding his bumper. doing this. >> i know how your mind works. >> i got problems. >> coming up, bank of america's ceo brian moynihan getting a pay rise. how much and how it stacks up to his rivals comps. [ male annous solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ bank of america is giving brian moynihan a pay raise. the company raising his compensation by more than 11% to $14.5 million for 2015. that includes a $13 million stock base award. moynihan did not get a cash bonus. that's also in contrast to moynihan's pay package. jamie dimon got a 35% raise to $27 million. bank of america was down about 4% in 2015. this year the stock is off nearly 30%, probably not a shock when you look at a lot of the financial stocks. >> very quickly, pfizer will pay 785 million to settle a long running dispute with the government. settlement does not include admission of

let's bring in phil lebeau. phil?s interesting, michelle, i hear a lot of speculation about whether or not these two companies could put a deal together and david faber has been doing great reporting on this. how much overlap there is between the two companies. a lost people focusing on united technology and honeywell saying honey well makes the electronics. united technologies is in avionics. there is a number of fields within that. not like there is one component that goes into a commercial airplane. there is some overlap there, where wl or not that could require some divestiture, that's way down the line if the two are ever able to put some kind of deal together. the other thing to keep in mind, looking at united technologies and greg hayes, they unloaded sik sikorski, he made it clear he's not going to sit still in terms of streamlining operations at united technologies. they no longer felt that he was the right fit with them. and then sold it with middle of last year, toward the end of last year. i'm not surprise

this time it's on delta, and phil lebeau joins us. >> big news from delta air lines, ceo richard anderson says he will be resigning effective may 2nd, he will become executive chairman of delta air lines. it will be longtime president of delta. he's been richardson anderson's -- he'd be point president of delta, also effective on may 2nd yes, the shares are unpressure this year. the merger with delta air lines back in 2008, since then, delta shares have just done an incredible job under richard anderson, and he was in charge, a long and very successful tenure, but he will be stepping down, retiring from the ceo job and moving into the executive chairman job, effective may 2nd. kelly, back to you. >> wow. yeah, he is -- dennis, at least since i've been here, an executive extremely well respected. >> as phil, he's done extremely well. at these moments you write the professional obituary, even though he's very much alive. he's definitely one of the winitious during the wave of consolidation. it's interesting to see show airline stocks have suffered despite tremendous profits. >> i would say

phil lebeau has the earnings. >> this is a big miss nongaap basis, they lost 88 cents per share. 1.75lion was the revenue in the fourth quarter. the street was expecting 1.792. the company delivers 11,603 vehicles in the fourth quarter. the factory, to tesla, is on schedule. we're going to see if we have any guidance for deliveries. that's one of the key metrics that people -- say that again -- 50,000 and 52 though are,000 was the number of vehicles delivered, now the question is what do we expect in 2016? as we go through 9 letter, we'll see if we have an estimate on that. some people had been expecting anywhere from 65,000 up to 82,000. once we have that metric, we'll let you know. >>> phil, thank you so much. interesting to see tesla shares now in the green, up 2%. again, the revenue number a slight miss. >> i don't necessarily thing that anybody really cares about the number. they did miss big. it was 1.78, which was below the 1.79, but they missed that as well. i think the reason it's probably up is this is all about expectations of how many cars they can get out of the plant. an

phil lebeau joins us live from chicago with the numbers. why are they going up, phil? >> yeah. because they can, tyler. they're in the business to make money. they're not in the business to give you a cheap seat. take a look at the airfare increases that we have seen this year. this data comes to us from fair compare.com. so far this year, there have been three successful airfare hikes, a total of $22 round trip is the increase. that's exceeded what we saw all of last year. and it is on pace to outpace 2014. again, the airfares are going up because the airlines have pricing power. there is strong demand right now. fewer empty seats. i don't know last time you took a flight. every time i take a flight, nearly every seat is full. that demand is not slowing down and that's why fair compare points out these increases, you're primarily seeing it on the business fares, but ultimately we're all going to be paying more. however, when you look at airfares, this is the step and i love to show people, inflation adjusted, going back to 2000, airfares are actually down. hovering ar

phil lebeau is going ride shotgun for us. hi, phil. >> hey, guys. row are you doing? meet bob drucker. he is 91 years old and he is a model x reservation holder. he is going the take us for a drive, around you, bob? >> i hope so. yes. >> we'll see how it goes, guys. we'll talk to you in just a bit. hundreds of crash simulations. thousands of hours of painstaking craftsmanship. and an infinite reserve of patience... ...to create a vehicle that looks, drives and thinks like nothing else on the road. the all-new glc. the suv the world has been waiting for. starting at $38,950. >>> welcome back to "power lunc lunch". the oil marketing closing for day, posting a lost. wti finishing just before $29 a barrel. let's go to sharon epperson. >> here is your update at this hour. we are looking at gop presidential front-runner donald trump campaigning in south carolina this morning. he stopped offa for breakfast at a diner in greenville and posed for photos with diners. he visited his headquarters thanking the volunteers for all of their hard work. >>> rival marco rubio also in so

phil lebeau. >> you bet. >>> coming up, a two-state edition of street talk.calls you need to know about. and we are all over today's market slide. check now. the dow is down less than 1%. nasdaq is down by more than 1%. we'll be right back. >>> welcome back to "power lunch." i'm brian sullivan in houston text. just because i'm at a conference, didn't mean we will put street talk aside. are you ready? i have a piece of paper here with my stocks on it. stock number one. if you are carl icon this is not what you want to hear. citicorp says sell freeport. analysts there today mine by mine analysis. said yeah the mines may be worked $10 a share in a good market. but if you want to sell assets into this kind of a market you are going to get a huge discount on your net asset value. he does say if copper prices go up, he might be wrong. still, $4.50 is share is not what carl icon wants to hear. >> freeport mcmoran shares are up 80% in the last monday. >>> next stock, twitter, upgrade, raymond james raising it to market perform. the analysts expect an improved user in

phil lebeau checking in on boeing. >> time for a cnbc news update. >> here's what's happening this hourcretary of state john kerry is in munich where key talks involving syria's civil war are under way. russia yesterday proposed a march 1st cease-fire in connection to its role in the conflict. two uber executives getting ready for a battle in french criminal court, accused of violating privacy laws and commercial deception. they have been highly critical of uber saying it doesn't pay taxes and drivers are not properly insured. >>> a phoenix bound american airlines flight made an emergency landing at lax after smoke was detected in the cabin. the flight did land safely but a fire official says two passengers complain of respiratory irritation. >>> the senate giving final approval to a bill which permanently bars state and local governments from taxing access to the internet. president obama is expected to sign it. that is the cnbc news update. see you in an hour. >> if you're just joining us, what a crazy day. it just is part of this whole story that we've been telling since the beginnin

phil lebeau joins us with the story. good morning, phil. >> good morning, becky. to lease a vehicle you would lease it with 12,000 miles per year being the allowance. that's starting to change because of greater interest in luxury auto leases. luxury overall continues to be a big part of the market. overall, 27% of the vehicles financed are through leases. the remainder are financed, people are buying them with auto loans. 63% of the luxury vehicles sold every month are through leases. and the new push is to keep the monthly payments under $400, if at all possible. here is the reason why. if you can get a lease right now on average, it's about $95 cheaper than if you were to finance the monthly payment through an auto loan. here is what we're seeing more often these days. average monthly payment for a luxury lease, or what's being offered when you see it in showrooms, under $400. there are 24 different luxury models right now being offered with a luxury lease under $400. it was just eight three years ago. why are they able to do this? why did they offer the leases

phil lebeau has been reporting the gas guzzlers are being bought.o this market. every time we get something going, oil goes down and kills it. >> we were so willing -- $200 a barrel. it's probably worth that. we were so quick to believe the super cycle crap at $120 and now quick to believe it can be $12. we are like sheep sometimes. >> you've got a beat on this market. i listen to you every morning. i've been spot on in all your comments from 6:00 a.m. today. it's fantastic. >> you didn't teach me everything you know, but you taught me everything i know. thank you. >> spot on. people should listen. >>> today's big stock movers when we come back. your path to retirement... may not always be clear. but at t. rowe price, we can help guide your retirement savings. for over 75 years, investors have relied on our disciplined approach to find long term value. so wherever your retirement journey takes you, we can help you reach your goals. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement s

phil lebeau joins us now. >> we're talking about delinquencies of more than 60 days.ople haven't paid their auto loan for two months and subprime borrowing. take a look at growth of subprime loans. in the fourth quarter percentage of open loans going to those with a subprime score between 500 and 600 on the credit rating was up 9.3%. and when you look at the market overall keep in mind that subprime and deep subprime now make up basically one out of every five open auto loans that are out there, about the same as the super prime the highest end of the market with regard to delinquencies, 60 day delinquencies in the fourth quarter were up half a percent. now 0.77% of all auto loans. they are 60 days past due. those are the most severe past due loans that are out there. and keep in mind when you look at those the average balance about $3042 for those 60 days past due. two earnings i want to focus on. group one, importantly when you look at the dealership stocks those earnings are coming out on thursday. and then the other one that really everybody is talking about, it h