phil lebeau in chicago with the numbers. >> jon, these numbers are closer to what they expect boeing to deliver every month, still not at full delivery in august, they delivered 64 airplanes, improvement over what they delivered in july when they ran into the first of several production issues. the 737 is what everybody is focused on deliveries up to 48 in the month of august, big improvement from 29, a multi year low for boeing in jeweuly. supply chain snags, the fuselage from spirit aero systems or engines from ge satisffron dela, they're bringing in retired workers as they work through that backlog they were hired to help finish the planes you saw that aerial shot earlier. those are the 737s parked around

i'm phil lebeau outside of charleston.t story coming up on "nightly business report." ♪ ♪ >>> trade tensions between the u.s. and europe are far fromso ed and that's not stopping automakers from increasing their production here in the u.s. the latest, mercedes benz which is opening a final assembly plant for its popular sprinter brd of vans in south carolina. phil lebeau reports tonight from there. j j >> mercedes is in hiring mode, adding 400 workers in south carolina to build sprinter vans for u.s. customersow right n mercedes builds theseva in germany and ships them to the u.s. to be put back together and sold. that process helps mercedes avoid a 25% tax on imported vans, but it's also inefficient and time consuming. >> you can go here because of the stock market and the lead time to show up from six months to some weeks and that is very good for our customers because they would like to deliver on very short term. those customers include amazon, ordering 20,000 sprinters for its growing deliry network. the commercial va

phil lebeau, "nightly business report," chicago. >>> and it's not just about auto parts. new tariffs on chinese goods will also hit homeowners where they live in repairs and in r o rvation renovations. diana olick has that story from jesup,ry nd, tonight. >> reporter: demand for home renovations like this one is soaring, and s are the costs to do it thanks to a new round of tariffs onhinese goods. >> it might end up being that this is sort of in the short term the newmal for pricing. >> reporter: contractor justin sullivan said the costs are going up so much, he has to do something he's never done in over a decade in business. >> clients and contracts are having to set contracts with escalation clauses for projects that are beingul sch for 6 months largely because we're not sure how far prices go north.g to >> reporter: the latest round of tariffs hits about $10 billion worth of chinese products exclusive to home building and remodeling according to the national association of home builders. a 25% tariff would be equivalent to a $2.5 billionax increase on the industry. ta

phil lebeau, "nightly business report," chicago. >>> weight watchers i bulking up. that's where we begin tonight's market focus. the company is being added to the s&p midcap nd400 starting next tuesday. it will replace klx which is being acquired by boeing. its inclusion sent it u4% to $69.57. shares of accorda tanked after it lost a patent appeal. it invalidated four patents for the multiple sclerosis they lost a quarter of their value closing at $20.80. >>> snap's chief strategy officer is stepping down. following a controversial apphi redesign led to a drop in users. snap is the parent company of snap ch snap fell 2% to $9.74. shares also hit a 52-week low during the y. >>> and sonos came out with the first earnings report as abl company, and it was not music to investor's ears. the maker of smart speakers for the home lost 45 cents a thshar. 's about double what wall street was expecting. revenue was in line withte esti but down 6% from a year ago. sonos went public lt month a $16 a share. today they actually finished the regular day up 13% to $21.24. that was i

let's bring in our phil lebeau who follows tesla as closely as anybody. good to see you.of the story? >> reporter: not surprising, scott, and we don't have much more than these headlines which is basically bloomberg reporting there is reportedly a doj investigation into elon musk, a criminal probe, into elon musk's tweet taking the company private or the plan to take the company private. that was sent ou

so they're ready for anything. >>> it's been called the woodstock for porsche owners, phil lebeau is live in salinas, california with a look at what comes next for that luxury brand. good morning, phil. >> good morning, carl, i wish we had no fog here on the monterey peninsula, because the laguna seca racetrack is ready. this is rennsport reunion number 6 for porsche. people spend four days on the monterey peninsula showing their porsches, racing them. here's the reason why porsche puts this event together we had chance to see a wide variety of porsches yesterday. this is the second largest market in the world for porsche, china being number one in terms of the 9/11, the signature model for porsche, the u.s. is the number one market. speaking of sales and strong demand, that's what porsche is seeing this year, record sales for all of 2018 so far they expect that to continue for the remainder of the otherwhen you talk with porsche executives, they like where the company is positioned right now. >> we see a very strong demand i mean we have very, very large portfolio of models, the 9/1

let's bring in phil lebeau and tesla watcher gene munster phil to you first. what was your reaction about the s.e.c. and what they said? >> well, there is no ambiguity they believe this is a cut and dried case and the fact that they moved as quickly as they have, the fact that they have laid this case out in what they believe is very clear terms -- now whether or not it gets resolved rather quickly by elon musk and the legal team that remains to be seen what struck me is the tenor of that press conference is very clear. the s.e.c. thinks this is a black and white issue here and they're -- it's a case that they -- they feel confident about. one other thing, melissa you guys were having a discussion earlier about if elon musk -- let's say he steps aside several months while it's under investigation or that he is removed as ceo, what kind of a bench strength does tesla have they have talented people at tesla. that is true but aside from chief technical officer jb strable and the cfo, name anybody else at the company right now? we know a lot of people who have lef

phil lebeau is next with the story. >> a little more than a week after tesla said it would no longerr going private, a possibility that goldman sachs had been advising tesla about, well, goldman sachs has resumed coverage on tesla and david tamborino is the analyst there and he researched coverage of tesla with a sell rating and a six-month price target of $210 a share and he's got concerns about tesla's margins being under pressure and the capital position of the company and about increasing competition and tamborino writes in a note with clients today and we believe companies will have a pressure on the lead in evs as competition catches up some of the competition will be coming from europe specifically mercedes benz and the company unveiled the new electric suv and it's called the eqc and it will go on sale next year. you combine the eqc with the e-tron and the next couple of years and that's some of the competition that wall street is talking about as you take a look at tesla, and that was a stock that's under $300 for much of the day. and under pressure as wall street and invest

phil lebeau, nightly business report, chicago. >>> forbes magazine is out with most nual list of the valuable franchises in the nfl. by the way, the lying itself is l the most earning sports league in thehe world. in in the top spot the dallas cowboys. theirst team to reach that valuation. new england patriots at 4.8 billion. the new york giants round out the top three. >>> and that' nightly business report. i'm sue hera thanks for joining us. >> i'm bill griffeth. have a great evening. we'll see you again tomorrow. t s is "bbc world news america." f ding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorrow? it stas with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip ay everything that stands in the way to reveal new possibilities. at purepoint finanal, we have designed our modern approach to banking arou y

phil lebeau is in salinas, california, where the snd and speed of porsche is on display. >> reporter: it's music to the ears of porsche fans. the roar of porsche race cars turning lap after lap at the famed laguna racetrack. this is porsche's sixth reunion, the four-day celebration celebrating the feel and handling of pushing a performance car to thet,li in self-driving car, the people still here want to control the driving exsrience. >> i homecoming for an aspect of porsche, which is racing, which is the company's whole heritage. and every porsche race car is represented here. >> is kind of a slogan. but it's -- porsche -- it's about the people, not necessarily really the cars. and the community and -- i've got friends i've known for 40 yearri that have beenng porsches. and it's just a thing. >> and you love it. >> oh, yeah. >> it's great. i mean,yo where du find so many beautiful cars likehis except that at ren sport. >> while porsche is developing a electric car it plans to roll out next year, this isra b where fuel injection and horse power still attractuyers. nask the company enj

phil lebeau h more on the legal side facing musk and his company. >> reporter: elon musk finds himself in a fight with the s.e.c. that could cost him had his job runni >> the securities exchange accuses musk of making false anl ding statements when we o he tweeted about taking tesla private with funding secured. he never had a deal locked up. >> we allege that musk statements were false and misleading because any lacked any basis in fact. >> musk calls the charge unjustified andays he is always acted in the best interests of investo. now knows investors are wondering about musk's future. since he reportedly balked at a settlement with the s.e.c. that would have allowed him to stay on as ceo. with that deal dead, the s.e.c. wants to ban musk from running any publicly traded company. >> if the s.e.c. is willing to agree to something less, the case is probably resolvable. but if he walked away from that youre probabl right he might not be willing to agree to anything reasonable. >> for ilts part the board of directors including musk's brother says it supports the embattled ceo. >> this pu

is suing elon musk phil lebeau joins us now with his take on the whole story. t it played out yesterday afternoon. and what we're looking at now is the s.e.c. and elon musk heading to court at some point because they could not agree to a settlement which andrew and i know other outlets who have been reporting over the last 24 hours that they were close to a deal but in the end the s.e.c. has filed charges against elon musk saying, look he issued false and misleading comments when he -- or statements when he sent out the tweet saying he had funding secured to take the company private at $420. the s.e.c. say that tweet caused market chaos and the s.e.c. wants to ban elon musk from serving as an officer at tesla we'll talk more about that in a little bit and why that would be problematic for many tesla investors. in a statement after the charges were filed, elon musk denied that this was the case here's the s.e.c. talking about elon musk issuing the tweet and their position about whether or not he should have done it. >> whether those statements are made in a press

phil lebeau who knows a thing or two about the company and mr. musk joins with us more. , phil. >> if you look at shares of tesla, they are currently on pace for their worst day, right now down more than 12%, the worst day for tesla shares since 2013 david, your reporting earlier today lays it out clearly in terms of a settlement offer that elon musk himself rejected that's why this stock is under pressure today the key point in that settlement offer would have require ed lon musk to neither admit nor deny culpability. he would have denied being chairman but he could have remained as ceo. he would have paid a fine as would have tesla and tesla would have been required to add two new independent directors. elon musk rejected that offer and once that happened, well, it wasn't long before, as somebody said in your --in a meeting that i was listening two into, this is like ants at the picnic analysts are saying stay away from this stock right now. out with a number of notes today, citi downgrading the stocks to sell, barclay's says what's the musk premium? could be as much as

keeping their eyes on the road ahead mercedes-benz is opening a new plant in the united states phil lebeauith us more hi, phil. >> hello this is actually an expansion of an existing plant. the plant was a finishing plant. so what is mercedes doing? why is it important, especially today, given everything that's been focused on trade and international automakers, foreign automakers this plant is going from 900 jobs they are adding another 400 jobs and turning it into a final assembly plant for the sprinter commercial vans that mercedes-benz sells here in the united states. by the way, today in announcing this, they also announced that amazon is ordering 20,000 of those sprinter vans. that's an order placed today they will be filling that order all the way through the end of 2019 originally, sprinter vans -- that's still going on now until the final assembly plant is up and rolling. they are built in germany. they are completely assembled, then taken apart, then shipped over here where they are put together finished here in the u.s. that's so they can get around the chicken tax and not pay a

i need phil lebeau to stop blaming trade tariffs and start talking about a secular change in auto buy guyguys, before we get to otr people here. facebook is down on a little 2% on the departure of two founders of instagram, concerns of what it is going to mean for others at the company and creativity. as jim referenced that stock is down and sonic, we are still waiting for an open on that news that we got during the show that's going to be acquired of a $43 billion deal that does include debts. this is by inspired brand that's apart of roark they already owned buffalo wild wings and something called rusty taco hopefully there is no rusty nails in the taco. it is a weird name, what can i tell you >> david, can i say something? >> yes, jim. >> if tacos are not rusty, we go for fresh and natural. maybe we are throw backs >> maybe so. >> given all the roll ups that's happening in food and coffee, the starbucks memo by kevin johnson talking about reordering potential layoffs and having to move faster makes a lot of sense. >> my background check with starbuck starbucks, this is about innova

phil lebeau in chicago with the numbers. >> jon, these numbers are closer to what they expect boeing to deliver every month, still not at full delivery in august, they delivered 64 airplanes, improvement over what they delivered in july when they ran into the first of several production issues. the 737 is what everybody is focused on deliveries up to 48 in the month of august, big improvement from 29, a multi year low for boeing in jeweuly. supply chain snags, the fuselage from spirit aero systems or engines from ge satisffron dela, they're bringing in retired workers as they work through that backlog they were hired to help finish the planes you saw that aerial shot earlier. those are the 737s parked around the facility out in renton keep in mind this is a company that's expecting lower q3 deliveries, expect to makeup any deliveries they're not making this quarter in the fourth quarter. also, boeing is shutting down its plant in charleston, south carolina ahead of hurricane florence they have about 6,000 introduce east there the company will shutdown today, wait for the storm to com

phil lebeau joining with us developments a busy couple of days for you. >> it's been a busy couple of days this is the worst day for tesla shareholders in at least five years. and part of the reason this stock is down so much today is because of reporting earlier done by our david faber. and there have been others talking about the fact that elon musk decided to reject a potential settlement with the s.e.c. and those terms would have included requiring musk neither to admit nor deny culpability, the main sticking point according david faber faber, would have barred musk as chairman for two years but remain as ceo. musk and tesla pay a fine and would have required tesla to add two new independent directors. after being charged elon musk issued a statement saying the unjustified action by the s.e.c. leaves me saddensed and disappointed i've always acted in truth and integrity and integrity is an important value inmy life and the fact will show i never compromise this in any which. former s.e.c. attorneys say if this goes to trial expect it to drag on several months. >> phil, stick aroun

. >> thanks very much, phil lebeau, c nrlebea lebeau. >>> just moments ago the family of botham genen apartment. >>> harriet ann jacobs was the first woman to talk about -- hid in a crawl space for seven years. >> jacobs escaped in 1842 and went north to join her daughter, a servant whose father was a u.s. congressman, samuel sawyer. in 1853, jacobs began sending anonymous letters to the new york tribune discussing the widespread abuse of enslaved women and women's attempts to protect one another. >> her auto biography was published under a pseudonym in 1891. >> if you have a monumental american, you can tweet us at velshi & reuhl. complicated relationship with milk? pour on the lactaid, 100% real milk, just without that annoying lactose. mmm, that's good. the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms an

. >> phil lebeau did the impact of tariffs on things like auto retailers. he held up a windshield brush. i think it was $19 or something like that now. but with tariffs they said this retailer said it goes up to $25. >> wow, the windshield brush. >> it was a car wash brush that's a big. >> something i haven't used in a long time. >> look at your car. >> yes. >> 25% increase if you sort of replicate up i'm not saying 25% per se but you extrapolate that with different goods. maybe somebody will think twice before picking up the car wash brush or fill in the blancs. >> you had louvers on the back of the kmar o so you didn't need that brush. >> louver. that's the first time quickly make comments from wilbur ross so ridiculous. he said. >> the one cent. >> it's a wide swath of items. you won't feel it. yeah you won't feel it. >> you won't feel it if you are which will luer burr ross. >> but you will feel it without question it's a a series of things. his comments about it a week and a half, two weeks ago were ridiculous. >> i o we mentioned the rise in rates. th

let's bring in our phil lebeau who follows tesla as closely as anybody. good to see you. what do you make of the story? >> reporter: not surprising, scott, and we don't have much more than these headlines which is basically bloomberg reporting there is reportedly a doj investigation into elon musk, a criminal probe, into elon musk's tweet taking the company private or the plan to take the company private. that was sent out in early august now whether or not this actually leads to criminal charges, you know it's a long ways from an investigation into charges actually being filed but it does raise one question that is front and center and has been for some time what will the tesla board of directors say if, in fact, there is a doj criminal probe? will we hear more from them than we have heard so far either as this entire situation plays out over the last month and a half or as the s.e.c. launched its civil investigation. really we have not heard much from the tesla board kimball musk shed no light into terms of what the board might be doing to change the governance at tesla

what's weighing on the stock to phil lebeau in chicago. >> we are not far from nine-year lows talking a price they haven't seen since 2009. down under 9.23 a share that's where it will be i get the question, what's wrong with ford? why has it within so miserable. >> a couple of things weigh on the company right now. you have lower profits in a number of areas not only here in the united states but also overseas you have eye got a slow reaction to changing markets, whether in china, whether south america, whether it's in europe people are saying, you should be moving quicker to react to some of the changing forces and then finally what's the autonomous vehicle strategy? it's unclear to the folks on wall street. we know ford is vechgt a fair amount in trying to develop the electric and autonomous vehicles testing them in a number of areas. some tested down in miami. also being tested in michigan and elsewhere around the country. but we're all waiting for jim hack et's turn around plan they were supposed to give details in september they postponed that meeting with analysts unclear when

new plant in south carolina despite trade disputes with the white house and the european union phil lebeau south carolina. good morning. >> reporter: good morning, andrew this is an interesting plan. it was initially a finisher plan for sprinter vans but they have decided to make it a final assembly plant so they are building the sprinter vans here in south carolina, expanding this plant's employment from 900 to 1,300 employees. look at the growth in sprinter van sales in the united states if you go back over the last eight to nine years, the growth has been steady, especially as the commercial van market and the demand there has increased that has been part of what mercedes has been able to capitalize on. in the past, they would build these vehicles in dusseldorf, germany, make them complete, then strip them down, take them apart, ship all the parts over here to south carolina where they would reassemble it that's how they were getting around the chicken tax, a tax on any vans built overseas and sent to the united states they made the decision that it would make more sense and cost less t

phil lebeau, the microphone earnings call is getting under way.he stock and president headlines so far next when my hot water heater failed it rocked our world. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they took care of everything a to z. having insurance is something everyone needs, but having usaa- now that's a privilege. >>> welcome become let's check on the headlines making news. micron shares higher after the chip maker reported higher than expected profit and revenue estimates. it was higher now flat. >> texas instruments popping after the company announced a $12 billion share buyback plan hiked dividend by 24%. up 1.6%. and united national foods plunging after missing the earnings estimates down almost 11%. what stands out as we look at tomorrow and the record run see it continues. >> treasury yields stopped going up after today and i wonder if we are getting up the levels. bank stocks closed off the highs again. foam is the test of whether there is willingness to have momentum into the weekend whe

. >>> trade wars hurting the bottom line of bmw phil lebeau joining us. >> it has been more than a decade since we have had a profit warning from bmw. you don't see it very often. they have conservative with their guidance, but now they are joining daimler in terms of issuing a profit warning expecting a lower profit for all of 2018. slower revenue growth. and profit margin, it will be about 7% instead of the previous guide aunance of 8% to 10%. this is video of bmws being built in south carolina. a lot are shipped to china china is weighing on the bottom line for bmw, but there are other issues as well including new regulations over in europe bottom line, they are cutting their profit outlook in part because of the trade tensions and that is tightening the business not only in china, but seeing a tighter business in europe and the u.s. market is not great. take a look at the projected imports into china bmw and there you have mercedes. and we put tesla up there because people say isn't tesla sinding a lot sending a lot over to china. expected to send about 14,000, but that could be highe

and who better to discuss it than phil lebeau, from chicago hi, phil >> and tyler, we'll talk about thattle bit. by the way, 923. once it drops below that or closes below that, then we will see shares at a nine-year low. but the question is, what's in ford's future? because everybody on wall street is wondering when they'll finally hear about the turnaround plan for the company. really, a number of expectations have come up and the expectations among analysts, and these are just expectations, because they're not getting a lot of information from ford that they exit major markets, south america and america are being mentioned most prominently, that they cut 10 to 14% of their workforce, and what's the strategy when it comes to autonomous vehicles they're testing them in a number of markets, most notably down in the miami area but we're waiting to hear from jim hackett. he has said that he's working on a earestructuring plan to dramatically remake the automaker. but what that plan is, the details of that plan, are unclear. he keeps say we want the company to be financially fit. everybody l

department investigating tesla over elon musk's going private tweet shares are up fractionally phil lebeau >> they seem to have settled out after taking a hit in the middle of the day yesterday and trading down 3.5%. here is the latest in terms of the doj probe of tesla you saw kate kelly on about 15, 20 minutes ago talking about the fact that goldman and silver lake have been subpoenaed. the focus is on elon musk's tweet in august when he said thinking about taking the company private, funding secured. tesla said yesterday it has provided documents and went out of its way to say we don't believe this is a formal investigation, all by saying we haven't received a subpoena, elts but financial institutions dealing with elon musk are being questioned as well so when you look back to august 7, look how the stock has reacted since then and i've had a number of people who said how come this stock isn't further under pressure keep in mind, we're a week and a half out before we get the q 3 delivery numbers and early indications is that they're likely to be better than people originally forecast so

we'll talk to you in a while phil lebeau, always good to have him at work. >>> as we go to break, lookerforming stocks on the s&p. foot locker is in the mix. best day for fl since april as wells ups its price target nike has recovered almost all of its post-kaepernick losses, we're back in a minute and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. >>> shares of

our phil lebeau has confirmed this it's justin mcinier, the vice president for world finance.several weeks ago i announced to my team i would be leaving tesla because i had the chance to take a cfo role at another company. i've truly loved my time at tesla and have great respect for my colleagues and the work that they do, and this was simply an opportunity i could not pass up. any other speculation as to why i have left is simply inaccurate i've been working with the team to ensure a smooth transition prior to my last day which will be october 7 a number of team members are stepping up for him and we should note that tesla has had a pretty good week so far after being hit the previous week because of high level departures so it's another high level departure but apparently but he says it was pre-arranged he announced it to the team several weeks ago. >> sue, thanks very much for that we did have a number of analysts on here and he's cut his target price from 400 to 300 and one of the reasons was lack of clear leadership at the top, partly eamon luc elon musk. he has another j

phil lebeau has a preview. >> it may seem odd to some people you would sign up for a new car loan oree or five years. why not do it month to month why more people are looking at that option, coming up on "squawk box. your muscles look good, but we should be seeing more range of motion. i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh...am i covered for that? yep. look. grandpa catch! grandpa duck! woah! ha! there you go grandpa. keep doing that. get ready, because we're helping leading companies lead with digital. this is moving day with the best hin-home wifi experiences and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. ea

phil lebeau, thank you we'll see you later. morgan >> well, to this point economists were saying the tariffs put in place so far weren't enough to hurt the u.s. economy, but that's not necessarily the case now an additional $200 billion worth of tariffs threatened against china. steve is here with a closer look at what economists are now saying >> the latest round are probably reactions from economists that range from the effects will be eligible to we can handle it, and the chance of recession it is now greater wells fargo writes the u.s. economy will be able to continue weathering trade related uncertainties so long as business investment and consumer sentiment remain positive. this outcome would be supportive of risk assets just to note that these tariffs are now large enough that consumers will see the effects of these tariffs higher will hurt the economydy distorting prices and creating inefficiencies globally. companies that rely on global supply hold off investment decisions given the uncertainty around tariffs in stress

to check out the dolphins they're looking good >>> audi unveiling its first all electric model phil lebeaut. hey, phil. >> hey, joe. let me bring in scott keo. behind us is the etr o rkson you unveiled it last night you believe this is going to hit the sweet spot of the market >> if the reaction from our dealers across america -- >> you opened it up for reservations last night. >> we did a special edition. that special edition is already sold out the reaction is quite strong >> the luxury ev market is poised to explode right now. which brings up the question, is there enough demand there? obviously tesla is the 800 pound gorilla right now when it comes to luxury evs. you think there's enough for you there? >> there's enough room for us. i'm not sure there's enough room for everybody, through there is for us we project in the next couple of years ev premium sales up to 350,000 units. so i think there's good room for growth but frankly to me it's simple. launch a really cool car that's what they want in the luxury market. this a super cool car. i'm convinced we're going to see the growth the

their site so we'll be watching these shares >>> automakers will release their sales numbers and phil lebeauhis, just ready made news for you every time it happens. >> yeah, and it is interesting as watch it over several months, you see he whether the market is slowing down or remaining relatively strong. when you look at the august number, overall the expectation is that we'll see a sales rate of about $16.8 million that is a strong sales rate. steady demand is what we're hearing from dealers there are targeted incentives, primarily looking at cars that are seeing most of that, but overall the stating rates when you look at the last five years and we've been up over 17 million the last three years, this year we're at about 17.1 million vehicles not close to the record high of 17.5 a but not bad. it would be the fourth straight year with sales at a pace of greater than 17 million. take a look at shares of ford. friday they said that it would scrap plans to import from china the focus active automobile starting late next year. we'll be watching ford sales today, there is some expectation that

>>> all right, porsche fanatics are gathering in salinas, california, for the rensport reunion, phil lebeaubehind you. good morning the. >> reporter: good morning, joe i have a plethora of vintage porsche models behind me the 934 with the jagermeister, we picked that out for you when you come out here, we're at the laguna racetrack this is woodstock for porsche fans, fanatics about 2,000 different porsche models at some point will be involved in a race on the track here the racing, by the way, start, up at 11:00 a.m. eastern time. cannot wait for that we got a little taste of that yesterday. a lot of people are saying, well, look, in this day and age of electronic or electric vehicles and atop muss drive vehicles coming out, does porsche, does it have relevance? oh, yeah, they believe they have relevance. >> of course, porsche is embracing the future we're looking for innovation what is new for the future what we continue to develop in 9/11, in the last years. people are asking for true value, authentic things. >> reporter: and the fact that you can still get in one of these and it's about

the autoparts suppliers are grappling with how to handle higher costs phil lebeau joins us with thatps includes g i -- including this snow brush here we'll talk about hope the price of this will go up we went to hopkins manufacturing in emporia, kansas we went there on friday. this is a facility there are five plants that hopkins has. they have a plant in china they have one in mexico. they have gotten one in emporia, kansas and basically the reason we went to these guys is because they're going to be hit by these latest rounds of tariffs because so many of the autoparts suppliers. these guys are supplying to the automotive aftermarket they get a lot of their components and raw materials from chinese companies and when you look at the chinese autoparts, remember so much of what goes into our vehicles or what we buy for our vehicles is actually manufactured in china more than a thousand chinese companies export parts to the united states. imports, $10 billion in autoparts from china annually. and again, most of these will be hit by this latest round of tariffs that go into effect toda