why gm and rivian could not make it work. this is bloomberg. ♪ vonnie: this is "bloomberg markets." vonnie quinn. amanda: i'm amanda lang into rondo. the international monetary fund spring meetings in washington are bringing together the world's top leaders, including the canadian finance minister bill morneau. one issue he addressed are pipelines, a hot topic of the alberta elections. crude has not had a major oil pipeline built in a decade. he says that needs to change. >> we need i plan capacity to get access to international markets. we have purpose a pipeline from the government to try to move forward in the right way. that we think is long-term going to be a positive if we can get through the approval assess. canada's pipeline problem is also on the mind of the nation's opposition leader. vancouver speaking in says he would invoke the constitution in order to force through construction of the controversial transmountain expansion. vonnie: bloomberg has learned the top three general motors and electric vehicle maker rivian have broken down. take an equityd stake, and that would

proponents of rivian seem equally keen.nts from the likes of pop singer rhianna, and investments from standard chartered and amazon. but can it live up to the hype and avoid the pitfalls facing tesla, which has struggled to meet production and profit targets. one of the reasons we we re profit targets. one of the reasons we were so profit targets. one of the reasons we were so quiet for so long was that we wanted to make sure we had all those ingredients, all those pieces arranged, so that when we showed the vehicles in los angeles, it was notjust showed the vehicles in los angeles, it was not just a show showed the vehicles in los angeles, it was notjust a show car, it was actually the real thing. it was notjust a show car, it was actually the real thinglj it was notjust a show car, it was actually the realthing. i want it was notjust a show car, it was actually the real thing. i want to talk to you about some of the backing you have received. in terms of the types of partners necessary to build this, it requires a long—te

if they can use a platform like rivian, that might be a jumping off point.alyst call underway. here's what we know. they've upped their bid for anadarko to $76 a share to produce 1.4 million barrels of oil a day. they see cost savings on the supply chain of $600 million, and in terms of supply and all of that, will it be enough? i don't know. david: delivered situation is really different for chevron than for occidental. alix: so is your share currency, but stay tuned. at noon we will speak with the occidental petroleum ceo. that is at noon and 5:00 p.m. london time. david: next is caterpillar. for more, brooke sutherland. good news for caterpillar, i guess. brooke: it is. the numbers are ok. we did see a weakness in the margins, so that is kind of troubling for me. they did get the price realization they were hoping for, but also saw increased material costs and logistics. that is not a total surprise given the bad weather we had in the first quarter. you would expect logistics costs to be up. a concern for investors, would they be able to make these price

and there's a -- >> rivian plan to have its suv and trucks on the market in the fall off the car of theear. >>> those in the tahoe -- most resorts had snow fall above average. among those closing for the season, north star, sugar bowl, soda springs, homewood, kirkwood and diamond pink. mount rose will end its season next weekend. >>> heavenly will be open through next weekend. then weekends only through may 27th. donner ski ranch will remain open through next weekend. then switch to weekend skiing for as long as conditions allow. alpine meadows and squaw valley plans to keep operations going until early july. sweat shirts. >> i was there. >> shorts too. >> i was there this weekend and they told me they're planning to stay open until july 7th. >> wow! >> skiing is going to be great. >> how was the snow? >> it was a little wet, but it was pretty awesome in the middle of april to be able to ski, right. >> lucky emily. >> lucky me. lucky drivers this morning. if you're headed on the roadway, nothing terrible for you to report. we have slowdowns, but only in the usual spots. let's get to con

the ceo of rivian.r company, as you know, front and center of the headlines are what will happen potentially with a partnering, whether it's with general motors or another automaker. what can you tell us about general motors discussions between rivian and general motors >> so we haven't discussed any partnership or strategic relationshi relationships. >> they said, look, we want to be a part of the future. that fuelled speculation that amazon will be a significant part of your future. whether it's building vehicles or their fleet as they flush that out, or in some other capacity what do you see that relationship with amazon looking like >> we're extremely excited about amazon as a partner. as you said, you know, the part that we've talked about publicly, their investment, is one element of the relationship. there's many other aspects in the relationship. >> our technology can be applied in unique ways we have what we call a battery and drive system and controlled system that could be applied to very dif

sciringe, the ceo of rivian, at the auto show last week and he was coy about discussing investment froming from r.j. as well as executives from ford in a conference call coming up in about a half hour $500 million investment from ford into rivian guys, back to you. >> all right, phil, thanks >>> big news out from boeing in the last half hour the company suspending its repurchase program and pulling its 2019 guidance due to uncertainty over the 737 max boeing is also reporting earnings this morning, adjusted $3.16 a share for the first quarter. that was in line with expectations revenue was slightly below the stock had been on a real roller coaster this morning, down four at $7.70 on first blush after the results came out. now indicated up 1.7%, over $5 and the dow has responded as you would know that it will, because it's a simple divider that we're using. >>> also news breaking on "squawk box" just ashort time ago. occidental petroleum bidding $76 a share for oil and gas driller anadarko that tops a previous offer from chevron announced about two weeks ago. that valued anadarko at $65

american automaker rivian plans to roll out its r 1 t truck and r 1 ssuv by 2020.about 400 miles on a charge. >>> coming up on "cbs this morning," we'll have a special broadcast of "earth matters," including a liven brazil on the effects of climate change. i'm brook silva-braga. this is the "cbs morning news." and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. ♪ the beat goes on that was great! hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. ♪ living well do you often wake up with chest congestion? or suffer excess mucus? try mucinex 12 hour. the bio layer tablet immediately r

. >>> meantime ford is investing $500 million in electric pickup truck maker rivian.nies will work together to develop a new battery plug-in vehicle for ford. ford does ently sell any pure electric vehicles, although, it does sell in some hybrid plug-in cars. >>> legos is developing bricks that help children with braille. it also has printed characters allowing sighted people to read the bricks. the new bricks will be, quote, fully compatible with existing lego bricks. it will be available next year. kenneth? is >> diane king hall at the new york stock exchange. diane, thank you. >> you've got it. >>> still ahead, madona's got it. the material girl has released a new single from her upcoming album "madame x." upcoming single "madame x." no matter what life throws down roomba is up for the challenge. only roomba uses 2 multi-surface rubber brushes that powerfully clean up debris on all your floors. and only the (new) roomba i7+ empties its own bin into a disposable bag. so you can forget about vacuuming for weeks. if it's not from irobot, it's not a roomba. 72 pounds!

how does that play out in terms of down the road how does rivian help the bottom line at ford when itlectrical vehicles >> with the, it doesn't change the plans we've already announced to spend $11 billion on electrification through 2022. so that plan progresses. but working with a fantastic startup like this that is looking at electrification and that whole part of the business with fresh eyes, we're going to learn a lot from it. we're going to take one of our new future products off their skateboard there's other opportunities we think they can leverage and of course they can benefit from working with us because we know how to scale up. so i think it's a win-win for both and we think it's part of the overall approach we're taking to partnerships more broadly including volkswagen and mahendra and other parts of the business >> bob, you guys spent $289 million on mobility services, basically our autonomous vehicles and our autonomous technology that's what you spent last year. but then you hear elon musk saying we're going to have self-driving robo taxis out on the road last year waym

this car the rivian has never been seen on tv. >> never.uv that seats seven. ed: amazing. >> this will take the show by storm. called a frunk. ed: the frunk. a front trunk. >> quad motor in it, 0 to 60 in three seconds, 705 horsepower. ed: i can't see the motor. >> because it's four quad motors motors. it goes 400 miles on one charge. ed: each wheel has a motor? >> yes. all wheel drive. you can go off record. ed: you can use this for storage storage? >> use this for storage, it's called a frunk. goes 400 miles. i got an opportunity to drive this in abu dhabi. did you look at the navigation system on this? you can see everything you want to see. this vehicle is really cool. it's right size, right tech. typically what happens when you buy an electric vehicle, people say i have to give up something. you don't have to give up something, all the luxury, comes with heated seats, air-cooled seats. pete: i saw fastest charging. >> fastest charging suv. ed: what's that mean? >> fastest charging suv, charge the whole vehicle from top to bottom in 30