a auto ceo these days phil lebeau.un. >> that's for sure. >> take a look at the auto. >> stocks today. scott pretty. much on the lower side for almost all of them. although you see. >> general. >> motors the one lone exception here up a little bit today. >> the suppliers. >> they're probably in a worse position than the auto makers because they're in a far more precarious position financially. and that's. >> why all of the auto. >> suppliers, if you will, were under pressure today. >> and finally. because it wouldn't be a. >> market zone hit. >> without a. >> check. >> on tesla. hey guys. they moved. >> higher today. >> up ten. >> bucks, but it's still an ugly chart. if you go back. >> over the last. three months. scott back. >> to you. >> don't rip on the market zone. phil i feel like that was kind of a backhanded comment at us, but that's okay. that's phil lebeau. mike santoli is here now. we try to balance. i mean we kind of are. but this market still feels guilty until it's proven innocent. >> yeah that was. >> sor

now let's turn to the car side and phil lebeau. phil, how many people are really starting to fall behind on car payments? >> it's at a record level when it comes to 60 day delinquencies. this is fresh data from experian. it's for the fourth quarter. that's the most recent data as they analyze about 81 million open auto loans. and it shows that when it comes to 60 day delinquencies, the delinquency rate of 0.99%, that's a new record high. they've never seen it that high. 30 day delinquency rate of 3.17. that is the highest since the recession back in 2009. a big part of what's happening here is that the higher priced vehicles, and we've talked about this for some time in terms of average transaction prices for many people, they're increasingly struggle to make these payments. the average auto loan right now, according to experian, a little over $41,700, the average monthly payment is now 742. by the way, both of those are close to the all time high. they're not all time highs, but they're darn close to it. as you take a look at the

our phil lebeau joins us now with much more on this story. phil good morning.>> tomorrow will be. >> the day when the auto industry finds out just what the impact is going to be in terms of components, parts and final vehicles going back and forth across the borders to the north and to the south. about three quarters of the vehicles sold in this country are made in either the us, canada or mexico. >> the bulk. >> of the production is here in the united states, but there you see mexico at 16.2%, canada at 7.2%. and for the big three, because they have the most exposure here, talking about gm, ford and stellantis, what they've done as much as possible is they've tried to build their inventories, for example, bring vehicles across the border if possible, when they are finished, or stockpile components if possible, at plants that are north or south of the border. ford is a good example. here you take a look at their mexican production. it's 15% of their u.s. sales, so they're not as exposed as gm and stellantis yet. they've got some very popular vehicles that are b

phil lebeau has got the details. this is a piece of news that skated under everybody's eyes. it was filed thursday afternoon. american airlines asking the u.s. supreme court to reverse an appellate court decision that essentially, you know, it dissolved the northeast alliance. that alliance was dissolved in 2023 between american and jetblue. now, american is asking the supreme court to reverse that decision, saying that the judge misapplied the law that this alliance between jetblue and american delivered consumer benefits, and therefore it should be reinstated. we should point out, melissa, this was filed by american by itself. this was not filed by american and jetblue. we have reached out to jetblue waiting to hear if they have a comment on this. but again, american asking the u.s. supreme court to reverse the decision to dissolve the northeast alliance. melissa, back to you. >> phil. thank you. phil lebeau. coming up, a brutal day on wall street with the major indices all selling off. but will the carnage continue

cnbc's phil lebeau joins us now for the very latest on this. phil. >> and melissa, we'll talk about. >> that. in a little bit. >> let me give you some perspective, because everybody is saying, well, what are the automakers going to do? we haven't heard. >> from on. >> any auto executives. >> they're not stupid. >> they don't want to poke the bear. they want to see where this ultimately. >> plays out over the. >> next week before they make any comments that might perhaps aggravate the trump administration. >> so what you're. >> looking at right now for the auto industry is that if the costs were. >> were. >> were put into every vehicle. >> the estimate. >> is that it would cost. the tariffs would cost about $6,200. >> incentives are likely to drop. that's the first. >> thing that the automakers will do. >> and then they may have to. >> eat some of the. >> costs they are aware of that that will likely be reflected in. >> lower margins. >> if these tariffs stay in place. in terms. >> of daily production. >> yes, this. >> is. >> a. >> projection by

>> phil, thank you, phil lebeau. and of course, this after our slide is a continuation of the slide that we've already seen with the markets going down overall, julie, there are real questions about whether or not people take cruises with book. you know, hotels and airplane tickets. et cetera. >> yeah, i think it's really an indication that when you have this level of uncertainty, kinds of future planning like trips and things suddenly gets really put on hold. and, you know, we all learn that we can do a lot of our business online via zoom. and i think there's a real recognition by a lot of companies, hey, let's just let's just pump the brakes because we're really not sure what the world looks like. and let's conserve a little bit of cash. and that's fine for that company that really preserves its earnings power. the problem is, is that just ripples through the rest of the economy. and it has long term impacts on business confidence and just the willingness to put capital out. and i just i worry a lot because that be

phil lebeau has the details. phil. >> kelly. the ntsb. >> investigation has come up with. >> what it believes. >> is a. >> couple. >> of solutions that should prevent anything like this happening again at reagan national. the head of the ntsb, jennifer homendy. >> just. >> gave a. briefing with reporters, essentially saying. >> look, we went back and looked at all. >> the data and the. number of. >> close calls. >> where proximity. >> between a commercial aircraft and a helicopter. >> was far too close. >> there were. >> far too many of these incidents. and as a result, they are calling for a ban on helicopter flights while there are. >> commercial aircraft taking off. >> and landing. >> here's what. >> the head of the ntsb had to say just a few minutes ago. >> our recommendations are focused on runway one. five and runway three three and prohibiting that helicopter traffic when those are in operation. we did not address runway one. that can continu >> and again, these are. >> recommendations from the ntsb. >> we will be hearing

phil lebeau as well. megan, let's start with you on again. off again. what is the latest that we are hearing. and what do we know about potential tariffs slash non tariffs. >> a little bit of firmer. >> news now brian. >> just a few. >> minutes ago we heard from white house press secretary caroline leavitt. she's the one who confirmed that rumor. >> that we've been. >> talking about for about 24 hours, saying there would be this one. month reprieve for the automakers. she worded it as cars that are associated with the usmca would not see tariffs for another month. she also said. >> the president. >> is open to hearing more about exemptions. she said this exemption came about because ford, gm and stellantis asked for it when the president spoke with them yesterday, and that he's open to hearing. >> from other industries. >> that's the good news. >> the bad news is. >> that she says it's only one month because these reciprocal tariffs, which they call the big. >> ones, those are the. >> ones set to take effect on april 2nd, and that the president is very

phil lebeau on tesla's historic losing streak. steve kovach on what's eating apple yet again today. christina partsinevelos on nvidia's drop and the chip wreck. and seema mody on the continued momentum misery. phil, though we do begin with you today, this is the worst day in some four and a half years for tesla. >> and remember all those gains after the election. >> that tesla was racking. >> up and. >> people were. >> like. >> wow, it's going to the moon. >> no, all of those have been erased. >> they're completely. >> gone now. >> take a look at. >> shares of tesla down more than 15% today. >> look at this. >> if you go back to december 17th down 51% that they're down with the entire market. but if you had to point to a catalyst today, you might look at the ubs note that came out. joe spak is the analyst there. reiterating a sell rating. cutting the 25 eps estimate from ubs. >> from ubs to. >> 202 was 316. that's what they were previously expecting or 3.15 from tesla. also lowering the q1 delivery estimate. ubs now believes that. >> for all. >> of 2025, tesla deliveries. >> globally

we have phil lebeau talking. i don't think he's that opposed to what my view is, but i can tell you that someone has to be sacrificed. and it's the margins of ford and gm and the shareholders until pangloss breaks out and we realize that canada wasn't cheap and we're cheaper, but it was also a way to get away from the unions. i mean, i think we look what i worked, i was a shop steward. i worked and led a wildcat strike fired immediately. not so great. >> uaw did not criticize tariffs yesterday. well, they they they they don't mind this at all. >> no, they're a winner. >> yeah. by the way jim. >> they're big winners. >> the broader the broader scope. is this piece in the journal today. stagflation has entered the chat. adp today our data suggests a hiring hesitancy among employers. right. that's the that's the bigger picture. >> well look the president did say listen the tax cuts are coming. and don't worry about it. i don't think this is permanent, but i, i look when i hear the bullishness, i just say those peopl

phil lebeau joins us right now with more on this. will not be penalized for having followed usmca. >> and we. >> know that the trump administration said yesterday that there were number of phone calls between trump administration officials. and auto executives for the big three, no doubt not just with the big three, but for the other auto industry players. a lot of suppliers are going to be massively impacted by these tariffs. if there's not some type of an exemption there. take a look at what we're looking at in terms of auto production. >> on a daily. >> basis between the us, canada. and mexico. this is according to s&p global mobility comes out to just. under 70,000 vehicles. >> yesterday. >> s&p global mobility put. >> out a forecast saying we. >> think that if these. >> tariffs stay in place. >> you're looking at 30% daily production going away in some fashion. >> and that's the that's the expectation. >> about 20,000 vehicles would not be produced. and it's understandable why the choices for the big three. they're not real good

let's get to phil lebeau with the numbers. . >> hi, sarah. >> for the. >> month of february, ford sales falling 8.9%. ice vehicles, internal combustion engine vehicles. still the predominant vehicle that ford sells, down 12.7% ev sales, though up 15%. and as we've talked about for some time, ford has really been pushing hybrids, gas electric hybrids. those vehicle sales were up 27.5%. but again, guys, for the month of february, ford sales down 8.9%. >> phil, we're just. >> getting a thank you for that. we're just getting some comments. >> from on. >> the wires from the mexican president, claudia sheinbaum, who is saying whatever the decision is from the us. again, this is regarding the tariffs set to take effect 25% from mexico. we will make our own decisions, she says. we have a plan b, c, d, whatever the decision is, we'll we'll talk more about it tomorrow. and i do wonder what sort of reaction, what you're hearing from the auto industry, with so much at stake here when it comes to the disruption going over the border, when i

our phil lebeau joins us this morning to talk about whether phil.l? the answer to that question is. >> theoretically, yes, they. >> could be. will it happen tomorrow? no. because you've got to change your tooling. you've got to find the. capacity in order to move those vehicles that are built in canada down to the united states. and by the way, talking with executives in the auto industry, there's paralysis amongst the auto industry in the c-suites. why, yes, they understand that the administration wants production brought back to. >> the united. >> states, but the production for vehicles is set up by region, and north america is a region, and you just can't move a plant from one country to another and have it done overnight. i've done some game planning, you know, or asking for a. game plan from people who work with the automakers. minimum, minimum to set up a new plant three and a half to. >> four years. >> minimum cost, 3.5. >> billion, maybe. >> $4 billion. if you are an executive and you know that the administration wants you to move production

but first we start with phil lebeau and a look at the automakers. >> phil and melissa.regional. >> industry, north america as a whole, as opposed to canada, the us and mexico. but if you break down production by those three countries in terms of vehicles. >> sold. >> in the united states, yes, the vast majority are built here in the us. but look, 16% come from mexico, 7% come from canada. so what are the automakers and more importantly, the suppliers done to ensure that they can mitigate the impact of tariffs if they're put in place? one thing they're doing is they're adjusting production by either moving parts and components over the last month, month and a half into locations. >> so that they. >> can do manufacturing as much ahead of time. in some cases, it means bringing more vehicles, maybe from mexico into the united states. >> so that. >> you already have them here before tariffs go into effect. but look, if. >> this. >> goes beyond 2 or 3 weeks, as you take a look at shares of gm, ford and stellantis, the real question is how much of this will be passed along to

>> nothing versus what phil lebeau said this morning, which is the delinquencies on auto are just the highest they've been, what, since 2007? i mean, 3%. the fed has to wake up and recognize they may cut because the forces are aligning carl to be one of the more negative periods. and if you're the president, there's going to come a moment where here's what's going. president is going to say, get me that german thing. what's the how's germany doing? how's france doing? they're doing great. yeah. how's we doing? not doing well at all. what do you think? i mean. >> it is interesting to note. >> the german. >> market, european markets overall, by the way, the. >> hang. >> seng china all doing really well. >> well, how about us? >> not good. we can we. >> can eat. >> i think. >> we can even show. >> that chart. we're trying to spend less. >> i can. >> think well i mean i wouldn't sure that the german numbers are so, so in other words. well, yeah, we've become a giant of a stock market. we are the walmart white house guys. >> that's this morning. can we see it does put it does put it in. >>

phil lebeau joins us with the latest on what is going on.ct on a lot of the american companies that have the bigger issues in mexico and the like, what's going on? >> absolutely. it's been a brutal week. we'll talk about tesla in a little bit. let me run through what these stocks have done not only over the last week, but over the last month, starting first off with the auto makers. and we're looking here at gm, ford, stellantis, you know, the story that the 25% tariff, it's on hold for usmca compliant vehicles. basically no tariffs for these guys at least through april 2nd in terms of the auto dealers. look, 23% of their sales come from vehicles that were built in mexico or canada so far. i should point out, we've checked with the industry. we have not seen an adjustment either in terms of pricing or incentives, though that is expected to change in terms of the auto suppliers. yesterday afternoon, they started to come back a little bit. first time we've seen a little bit of life for these stocks over the last week, week and a half. remember