a lot of news to get to on the busiest day of earnings. auto pressure, fiat and gmrading lower own weak guidance. boeing after guidance disappoints on a charge. they raised the revenue guidance facebook's moment of truth the social media giant reports after the bell we'll bring in the senior portfolio manager over at wells fargo asset management joining us onset, mike santoli got a busy day on ipos as the bloom energy comes to market ex-boeing, we are not far from unchanged. >> we are doing pretty well. there are early trends starting to emerge in earnings. number one, obviously some are getting caught in the cross hairs of tariffs we saw that with gm and are hearing it with whirlpool, kimberly clark, higher costs, higher dollar is generally an issue. number two, some have pricing power and some don't if you don't have pricing power, you're going to have lower margins. your stock will get hit. gm is the issue there. others like avery and dennison, they had highest costs but are able to pass them on pricing power really matters that's number two about boeing not all

at issue, the gm and the unio >> the poor treatment of our employees, of his employees, just downright bullying. we're tired of it. ng >> reporter: ahe latest issues, the treatment of custodians and their ability to choose their work locations based on seniority. union members say previous agreements. other issues at hand include the use of outside contractors. >> we're not going to let you bully us. you've got hard-working people that run this system. his goal is to contract every piece of work he can. >> reporter: last wk bus operators staged a sick out or action. work this prompted the general manager to pledge that such unauthorized action could get workersd.suspen >> individual work actions are not acceptable. >> reporter: this is about vote to authorize a strike. it doesn't necessarily mean there will be a strike. but whatever the outcome, this rnout sends a message. >> if they want things to run smooth, then you come to the table and bargain with us. >> reporter: this week the all-star game comes to d.c. large crowds are expected and they're being encouraged to take public trans

for the first time today on this issue saying the gm is trying to increase revenue and reduce costing the system. they say he's trying to protect worker jobs and their pensions. now we did speak to the mayor muirual bowser tod i who madet clear that a strike vote would be ille now the last strike was way back in 1978, so it' been a very long time since something like this has happened. now, metro also says that ere's continuous dialogue between metro and the union. they are trying to find common ground. if you want to read that entiren statement,ou go to my twitter feed @darcyspencer. >> all right, darcy. we'll continue following this story. thank you. >>> police in montgomery county need your help locating two young brothers from sver spring. detectives say 9-year-old chris wilson seen here on the left ann 14-year-old rd wilson jr. were last seen sunday afternoon at montgomery valley. the brothers are known to go to goshen plaza. oldest plazaas last seen wearing a red shirt with a picture of marilyn monroe on it. anyone with information should call the number on your screen. >>> let'

they are in the middle of contentious con.act talks metro says this was all a protest and the gm talkedbout suspensions or even possibly firing employees who repeatedly show up lateor work, but the unio says if the gm suspends anyone for showing up late, all 9,000 employees they represent will take a three-day suspension, essentially a strike. it's worth noting that none ofin this is comg at a good time because of major league baseball's all-star events unfolding in the city as we speak. >> mm-hmm. >> a lot of people are eited about the all-star events or oncerned about the weather, amelia. >> and i really don't think they need to be concerned, especially for the he run derby on new england. tuesday for the big all-star game i'm more concerned and more so for our t crew dore setting up and has to be there all evening long. on tuesday that game could see a delay and i think they will be able to get it in ultimately no roblem. if they can't, tkeup day is wednesday, so if you're heading there, start checking your calendar and clearing iff. currently our temperatures are in the mid-80s for

the made to move sales event. get 0% apr financing for 60 months, plus $2000 down payment assistance when financed through gm financial2018 escalade. a l of excitement for sports fans. dc getting ready to ht the midsummer classic. >> "uss military stars took the diamond at nats park. teams from the army and air orce played in the first ever armed services clack there. >> for woodbridge native army captain meredith pick rdca, it was an honor to take the field of herometown team. >> letting us do this, you think your dream is ton be ie army, no, my dream is to be in the army and play softball at nats park. we're doing that. >> you hope a lot of things for your kids but you never picture one of them playing on a professional baseball field at this level. it's great that the nationals and t-mobile sponsored this. i know these kids in the armed services and their families are psyched to be here tonight. >> nobody expects anything like this ever. it's nice when a little kid sayy than for your service. that makes my day. this is unreal. >> being here andpretting to ent the army in this capacity, i'm a 33-year-old lawyer and

the gm has talked about suspending or possibly firing employees who repeatedly show up late for work. e union says if the gp suspends anyone for showing up work, all the 9,000 employees they w representill take a three-day suspension. the head of the union has some sharp words. >> any smiles like he's doing us a he sends out letters calling us his co-wker. that's bull [ blxap ]. that's ely what it is. he's a bully. he's a bully. >> well, it's worth noting all of this is coming at a time when major league baseball all star events are happening in our area and a lot of us and fans depend metro to get around. >>> there is some roadwork that could change how you get around speaking of this weekend. let's get aoa check on the as you start your saturday. >> here's a look at your traffic and road closures for the weekend. outer loop the bridge over k connecticut avenue roads closed as fars an ternate, it's going to get busy. the icc university boulevard or ticut avenue would work for you. westbound 66th between 7 andhe beltway alternating left and right single lane closures overnight friday

one of the causes for concern as fallout from trade disputes. gmst on sturgeon prices for steel and aluminum. joining us is bloomberg's david wilson. the man we turn for auto spare block. how bad is it for the automakers? david: pretty bad. shares are down 50% or 60%. gm was down about 7% last i looked. were not that bad. gm gained market share in the u.s. and the second quarter. they had record earnings in china. they had record financial earnings from their lending arm gm financial. all of that should be good. they were on pace with last year's record earnings. then we have a trade war. tariffs on steel pushes up the price of what gm buys. one thing i looked up this morning is nucor. a steelmaker in north carolina. were up -- are actually doubled second-quarter and the revenue was up 25%. gm is doubling the amount of money they think they will need to pay extra from steel this year. investors saw that and said, it is not going to be good the rest of the year. we will see what happens. they have been selling off. shery: what about u.s. demand? cou

in the meantime, auto is on a trade collision course. .isappointing earnings gm posted the first full-yearrecast citing rising prices. sales also slowed in china. these announcements are weighing on ford. is david welsh. that has some performance for gm. down 7%. when was the last time we saw that kind of draw down? time, old gm, pre-bankrupt company. they did have bad days after earnings but usually you are talking about 2% or 3%. yes. this is all about trade and commodity prices and they do matter even though gm gets more than 90% of its steel from u.s. mills. when they can raise prices because foreign competition has a 25% tariffs, it really does matter. they now say it will be $1 billion this year so they undercut the performance in the second quarter which is otherwise good. a big headwind for the rest of the year. vonnie: currencies other than metal are getting higher. this is a triple or quadruple where me for gm. what would change if the tariffs go into effect and stay in effect? is there anything gm could do to offset those negative effect? already trying to do things to mitigate

car owners60% of the money and the rest goes to gm. the company al provides insurance on the ntal. >>> recalls in packaged crackers like ritz andsh goldfi over salmonella concerns are causing a stir at the grocery store. food-related illnesses are more likely to occur in your very own kitchen. the majority of illnesses are caused by cross-contamination of raw meat. any bacteria on our hands can be transferred to countertops, utensils and other food. the best way to avoid rnfood-bo illnesses is to thoroughly wash your hands after handling r meat. >>> a new stud by sunscreen shows why many of you may still be getting burned. even so, you're usingon a lot with high spf. t's not that you're using the wrong kind of sunscreen. it's that you're not using enough of it. it's not a matter of applying it several times out in the sun. it'sbout using the right amount, too. here's a good rule of thumb. adults should use the equivalent of a shot glass full of sunscreen to expose areas on the face and body. >>> this morning, z burger is asking for forg

metro gearing up for many crowds, cancelling all track work and the gm has a message for all of those when it comes toscalators. >> hold the railing. >> not stand right, walk left? >> hold the railing. >> they will be here for the home run derby and all-star game respectively. mastercard picking up the tab for the service.be remember t patient and have fun. at nats park, news 4. >> the nats can win or lose their series with the pirates this afternoon, o but they lace you see the game is on facebook. it's one of 25 streaming broadcasts. all you need t do is logon to facebook live page. there will be pittsburghrs announ that start at 12:30. >> a good day to be a soccer fan. the world is headingo te world cup final. they are leaping foroy after they beatbe lgium, 1-0. the hero of the game and the ader is just enough to clinch the win. this will be france's first time in a world cup final in 12 years. the two teams will battle to keep the world cup teams alive. england squares off and the winner will play france on sunday. the nfl player's union filed a grievance over the new rules of hav

a big day for trade as the yield curve visits the white house gm cuts guidance on higher tariffs. europe is mixed. 10 year around 2.94. facebook's moment of truth social media giant set to report tonight after the bell capping off a big day of corporate earnings, including ups, and coke. >> speaking of coke, crow james quincey will be joining us. >> and stock futures, of course, in focus boeing is falling on weaker than expected guidance. gm cutting its full year profit forecast shares also sinking in the premarket. >> and president trump sets tense trade talks. we'll talk with the head of the world trade organization about that and more. >>> it's an important day in the auto sector. two auto giants reporting earnings both cutting their outlooks and sad news out of fiat chrysler. a lot to get to with phil who has been busy working early this morning in chicago good morning, phil. >> good morning. we start with the news from general motors the new guidance for a full year earnings coming in lower than previously expected. coming in at $6 a share. previously in the range of $6.30 to

lane joined the warriors three years ago brought in by the gm in atlanta. the head of physical performance in sports medicine, first woman to hold that position in the nba. her techniques, mental and physical helped curry come back from numerous ankle and knee injuries. remember, at one point the warriors had four all stars all out at the same time. went on to win the championship nonetheless. here is steve kerr on chelsea. >> chelsea lane runs our training staff. it hasn't happened an awful lot in this league, but it's worked beautifully because chelsea has a respect of the players and her bosses. >> chelsea unfortunately doesn't do interviews, despite repeated requests. i practically begged her. she says no. i'm told her decision to leave involved cost of living in the bay area. hard to imagine the warriors being outbid by the hawks. but maybe it's lifestyle. who knows. anyway, it's too bad because chelsea is moving on. >>> france won the world cup in 2000. they lost in the finals in '06. they will play for the cup again this year. the french beat belgium

we hear a lot about tesla, but of theere are the gm's world who have been making cars for many, many tesla has become the market leader. can the established automakers catch up? jamie: yes, i think so. when you are talking about google earnings on the news, you are buying a great company with google at this point. you probably get waymo for free and the cloud for free. emily: when i talked to ruth porat about that, she was very optimistic about waymo's prospects, but they have no idea when it will be a contributor to revenue. idea. they have no and look at baidu in china. it is the same thing. you just put a couple thousand dollars per car, multiplied by ae number of cars -- it is map for the market. i think you are getting that for free on the google side. some of the key components of automated vehicles, you see that manifest in the research coming out. you were doing this kind of statistics before most people . now there's a lot of competition. jamie: we are a moving target. we try to keep ahead of the competition. .i will be a big theme this is the fourth year we have had a large

we hear a lot about tesla, but incumbents,here are the gm's of the world who have been making cars forars. but tesla has sort of become a market leader. can the established automakers catch up? jamie: yes, i think so. you talk about google earnings today on the news, i think you are buying a great company with google at this price, you will probably get waymo for free and the cloud for free. there is still a lot of optionality with google. emily: when i talked to ruth porat about that, she was very optimistic about waymo's prospects, but analysts have no idea when it will actually be a revenue contributor. jamie: they have no idea. and look at baidu in china. it is the same thing. i talked to rob in the, and he , about when lee that will be come and he doesn't know, and he is the ceo. you just put a couple thousand dollars per car, multiplied by the number of cars, it is a huge market cap i think you are area i think you are getting that for free on the google side. some of the key components of automated vehicles, you see that manifest in the research coming out. coming out of compani

the big three automakers, just modestly down after they reported numbers for june sales and in the case of gm for the second quarter, and fiat chrysler beat it nicely, but investors looking past that to the potential of what tariffs on foreign cars could do to the companies. gm has said if it happens, they may have to lay off american workers. the airlines are also weak, downgraded, american airlines, delta, and united continental all lower on the downgrade from hold to buy with not a lot of near-term catalysts. oil earlier today was back above $75 a barrel. earlier today, we did meet that mark, the first time it has happened in four years, but around 11:00, we see a chart move lower. down more than 1%. this as iran's president said the u.s. will not be able to .top iranian oil exports it will be interesting to see how that plays out but volatility in that market. over the last eight sessions or the eight sessions since opec, we have seen a huge move up for oil. oil has moved up in a big way and we are looking at it on the year in blue and white are the prices of gasoline.into the end of apri

the gm reacted saying they are encouraged to see him take responsibility for his mistakes and hopefullym as well. >>> julie joining us live with a look at some of the stories we are working on for news at 5:00 and major developments in the fire case. >>> live team coverage of the plea deal this afternoon i guess to the ghost ship warehouse fire. we will have more from the father of one of the victims. >>> more on the housing market situation. >> the housing market delivers shock waves. a look at how fast prices are going up, especially in the south bay. >>> all that coming up at 5:00. >>> i'm looking to buy and i can't wait to hear that. >>> coming up next, cleveland officially saying goodbye to lebron james. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine tha

. >> the reason m gm hotels suing thousands of victims. >> facebook try to defend the news judgment. google hit with a record fine. >>> later, intent moments caught on camera. coming up at 5:24. a woman narrowly escaped death after an opening of the drawbridge. mike traffic tease happy wednesday - glad you )re >>> we are seeing more. partly cloudy skies through the day with temperatures reaching the upper 80s. it will be warmer than where we should be for this time in july. we'll talk about a chance of spotty rain, maybe some lightning. that's in the forecast coming up in less than five minutes. nasdaq will start at 55. it will lay off several hundred people in the bay area. netflix, much lower. we warned you this would happen. google will face a record fine from european, 5 billion dlarsz. they come preloaded with google software which gives an unfair advantage. the committee wants to understand how they decide what's news and what's trust worthy. >> there is no place for bias on facebook. >> the sprob one person's biassed is another person's legitimate news. >>> a number of people

you've got to tell all the gms that, right? >> yeah. hopefully they seen that. i know they seen it. it was the biggest stage in the nba right there. >> talk about the espys a little bit, because as an l.a. guy, you've been here before. but what do you like about the night? >> there is a chance to see all the great athletes and everybody in one, you know, building and celebrating just sports here from all sports. and just enjoying the moment. >> appreciate your time. it's good to see you dressed up! take care, man. >> appreciate it. >> that's right. dressed up sort of. >>> all right. the warriors are rolling out the welcome mat tomorrow. boogie cousins will be introduced to the bay area. the signing of boogie sent shockwaves throughout the nba. the move gives the dubs fife all-stars. today showtime released an exclusive clip of an upcoming documentary that chronicles his rehab from a torn achilles tendon and the wild ride through free agency that ended with the warriors. >> we reached out to the pelicans, there was no offer. i talked to draymond. i talked to k.d.,

threats our nation's capitaluring altar week and metro is gearing up for manyf days large crowds and the gm a messa for all of those out of town when it comes to escalators. what should weell everybody? >> hold the railing. >> reporter: sand left and walk right. >> hold the railing. >> reporter: metro will be here tuesday and wednesday night and mastercard issicsing up the tab for that service. >> now let's see what the weather is going to be like for next week. doug is in north potomac t. toni he kicked off backyard weather for the season. how is it going, doug? >> reporter: oh, it's been going hert out now we've got shade the entire a d so everybody is feeling lot better now. definitely a little hotter earlier and still quite nice. i'm here with miss sharon. >> sharon fraszer we've got a loof phrase remembers and we've got some colemans here and that's why i brought you over so you can say yes. >> yeah, yeah, okay. and i'm not sure how it fits in, but it fits in, i just want to say thank you so much for having the pam list and brought out the booed. the copler you liked the most. i got th

what bryce harper and the nats gm mike rizzo arein sayg about th this is customizable streaming tv for your family... whatever size. it's saving money with flexible channel packs. live tv and the latest shows to stream. and all your streaming apps in one place -- even netflix. this is how xfinity makes life... simple. easy. awesome. introducing new packages with customizable streaming tv options. enjoy more choice and faster speeds-- giving you the ultimate value. click, call or visit a store today. you have a new job now, i do. it's a busy, busy place. whenever you're ready. it happens every time. i've got it. and every time, she wins. you always do this. no, no. i insist. it's on me. alright. but you have the bb&t app with zelle who are you texting? oh, uh no one. i really should go back. and can pay the bill before she even leaves the restaurant. beth! ah... the taste of victory! bb&t. all we see is you. >>> hey. at 4:00, we're all still here. >> all still here. i know how passionate. >> you wanted him to stay. >> yes, i wanted him to stay. >> knowing you're on the anchor desk i'm g

the owners get 60% of the revenue, gm gets the rest. >> a little extra cash. not bad. iane kin g hall of "cbsmoneywatch," thank dee ng mad. that's yes for less. ross has the brands you want for back to school. and it fn better when you find them for less. at ross. and it fn better when you find them for less. ...and you suddenly realizes you're really into art? that's yes for less. every trend. every room. on any budget. it feels even better when you find it for less. at ross. yes for less. >>> check out this live view. right by the embarcadero there, the ferry building across the street, you have to wonder are people working already? or do they leave the lights on from last night? you will see drizzle across parts of the bay and the coast. temperatures will be on the rise especially inland. we'll have more in your full forecast. >>> fire officials in greece now confirming that at least 79 deaths are linked to the wildfires that have burned seaside communities near athens. rescue workers continue to search areas northeast of the city that are mostly affected by the fir

one of the people on there was th the gm ceo -- >> disbanded or walked away? , however you want to spin it, these ceos were the ones who were trying to advise president trump on some of the business implications here. when gm comes out and says if you have trade and tariff policy as it stands right now or going forward, you will see a smaller general motors in america. and we're talking about a company that has 47 plants and 110,000 employees in america. that's a big deal. then you got the business roundtable, right. all those groups speaking out. the u.s. chamber of commerce today is unveiling a new campaign to go after president trump's trade policies. in the end, they say it will cost u.s. consumers and that's going to be something that it's really strange to see groups like the chamber of commerce at odds with the president with the republican party because they are seen as business friendly. to see that kind of thing happen really does evoke some kind of an interesting response from a lot of people out there. >> you got a president who's still going after

ex-warriors executive travis schlenk is the gm. alled her family hand leaves after three years with golden state. left off the american league roster on sunday, today a's second baseman jed lowrie was added to the team as an injury replacement for yankees injured torres. he'll join blake finen in the nation's capital. this is jed's all-star appearance in his 11-year career. >> let just say it was a roller coaster. i was a little surprise i had didn't get it at first and then just happy to -- to be a part of it now. >> the fact that you've been around for a while. >> yeah. >> do you think you'll appreciate it more? >> yeah, certainly. i feel like i had -- had a couple of good opportunities earlier in my career and it didn't happen, so, you know, showed some perseverance and worked hard to get to this point, so -- i think any all-star game would have l of meaning, but i think for, you know, first time as a 34-year-old, pretty special. >> yeah. pretty cool. lowrie and the a's are in houston for game two after taking the series opener a

metro gearing up for many days of large crowdsll cang all track work during normal hours and the gm hasessage for all of those from out of town when it comes to escalators. what should we tell everybody? >> hold the railing. >> reporter: hold the railing. isn't it stand left, walk right. >> mastercard is paying for tra vending service. >>> talking to all the extra officials today, they learned so much from the caps recent activities when it comes to hosting big sportin evenchts. meantime, i'm going to go inside and take some bp and get ready for the home run derby. i think can i hit it a couple hundred feet as well. >> i would pay to see you take bp. >> $ what? >> $5 maybe. >> about that much, exactly. >> all right. good deal, buddy. see you in a bit. >> o no one likes a sbby wine drinker, but thereere some buzzwords that may help you find a better pour. susan hogan breaks down some of the words for you a little bit ter on. >> and it's a cold vermontino kind of a night. i love a snob if think bring in a good bottle of wine. doug w is backith the >>> all right. did they start eating, dou

t the union says if they suspe suspend --he head of the union has sharp words for the gm. >> any smiles like he's doing us a favor, he sends out letters calling us his co-worker. that's].ull [ bleep that's exactly what. it is it's bull [ bleep ]. he's a bully. he's a bully. >> thll, it is wor noting this is all coming at a time when major league baseball all-star events are happening in our area. lot of people depend on metro. >>> while there is road work at could change how you get around this weekend, we want to get a check on the roads as you start your sat hday ande's melissa. >>> here's a loo at your traffic and some road closuens for the we outer loop the bridge over connecticut avenue, three lcles ed friday night until saturday afternoon around 5:00 p.m. as far as an alternate re, it's going to get busy. the icc university boulevard or connecticut avenue would work forweyou. bound 66th between 7 and the beltway alternating left and right single lane closures overnight friday and saturday this weekend. westbound 66, the ramp to the eltway temporary closures between 11 and 5:00 a.m

. >> reporter: n union says if the gm suspends anyone all of the 9,000 employees they three-day will take a suspension and in essence a strike. >> one for all and all for t'on >> i actually against the law for metro's largest union to strike but the smaller action like showing up late are putting riders like joe hunter in the middle. he says his bus didn't show up wasterday. >> i thought it s a traffic >> it's also worth notice that none of this is coming at a good ntme with major league baseball all-star e taking place. >> as of today, no reported delays and no reported issues with train and bus operators showing up onown and, again, this is an ugly dispute right now and could carry on. back to you. >> don't drink the wer. that's the warning tonight for tens of thousands of us who live and work in d.c. or have children at summer camps day cares. people are being told to a bndo their water before cooking or even brushing their teeth over contamination.le >> d.c. water says 34,000 customers are impacted but remeer that the utility is counting an apartment building, a home, aau rant, a

brought in by assistant general manager, the gm in atlanta. see that connection makes sense. sea was head of sports medicine. first woman to hold the position in the nba. her techniques, mental, physical helped curry come back from numerous, ankle, knee injuries. one point warriors had all four all stars, hurt at the same time this past season. ended up winning a championship. and chelsea has a respect for the players. she didn't want to do it. no matter how many times, any of us asked. she just does not, is not into that at all. told, chelsea's decision to leave really involved cost of living here. versus atlanta. hard to imagine the warriors being outbid by the hawks. in any case, a great person. chelsea lane is moving on to atlanta. >> a push to change the name for street right by the warriors new arena. three supervisors want to call it warriors way. ulevard. a tis etch of southre. >> vote for alliteration. i've am in. a record, the beatles held for half century is no more. drake's new album, scorpion posted seven singles on the billboard top ten, beating the beatles recor

the plan is seen as a backstop, but it would avoid a hard border with ireland. gm chrysler reporting earnings with growing concern that terrorists are wreaking havoc on the auto industry. areven -- that tariffs wreaking havoc on the auto injury. they cut earnings forecasts and warned of an $11 billion restructuring. former chrysler boss has died at the age of 66. he had surgery on his shoulder three weeks ago but suffered complications and his health rapidly declined. twos credited with building dysfunctional car companies into the seventh largest manufacturer in the world. 24 hours on air and on tictoc on twitter. this is bloomberg. ramy: thank you. we're going to do and earnings check right now. second-quarter operating profits slightly missed estimates. billionmate was for 268 yuan or so. second-quarter income did beat estimates. the most important thing is that naver's second-quarter operating profits missed the estimates. thel ahead, why two of world's biggest money managers are split on whether the bank of japan will tweak its policy next week. more on the vi

you seen the worst by the in the and the gm auto sectors. >> look at the market we andinue to favor the.s. equity market. asia.is shares, emerging we stay over china, india and singapore. rishaad: you're not looking at any industry groups? >> industry group, it would be consumer it. consumer demand will continue to our robust earnings growth believe the, we do transformation, .t will bring us continue sub -- this going to catalyst. key at tha rishaad: that may be reflective housing. problems in that will be massive head wind. not any news. is the economic nation wade, serviceoften off the sector and consumption. on the other hand, the will continue to try adopt a an investment in they, procession spot.y rishaad: let's look at how liquidities coming out the system now. that in u.s. which is well on the way in this program. an impact onving third >> sure. investors was concerned bond.the would-- in sector, which is deliver more metrics. have turned more cautious about local government funding vehicles. fragile. the more rising of local opportunitying vehicle. pays the investigate opportun

government's exhibit m provides the insurance. gm will take care of it. you do split the profit. you get 60, gm gets 40%. if it's a situation where i don't drive after 6:00 p.m. because i'm in bed. if someone want today borrow my car every flight and return it. >> that's the thing. you see the bikes or scooters around but what happens when they come out? >> i don't know. >> as long as there is gas in there when you come pick it up, right? >>> this morning questions surrounding a man. was he spying for china? we are talking to his former professor. >> they took pictures. >> they did take pictures. >> then what did they do? >> we have a certain apparatus that allows us to measure the cloak. they came in and took pictures and measurements of the equipment that was used to fabricate that and sent it back to china as well. >> is that ethical? >> we'll have more later on on our web site. >>> yelpers have a way to weigh where they eat. the new health score sits in the same area where you find business hours. you're thinking already did this. it does. it is for areas including san francis

he was not the only -- gm for the new york yankees came out on the same letter and said we agree withharacter, coming out and making a statement on behalf of somebody's character is far from campaigning or stumping for someone. heather: kathy, the nfl will still be making political statement by allowing players to stay in the locker room in terms of the national anthem. that's still a political statement. >> which the players union is not happy about, which trump seems to agree with, so the players and trump agree on this one. they're not happy with this kneeling for the anthem or staying in the player's room, so no one seems to like roger gadell on this one, i don't think either side is happy with that. i think everyone can agree that no one wants to see politics on the field. heather: what type of society is it, michael, when you can't support one side or the other, when you can't just publicly come out and say, hey, i support this, or i support that because of fear of the backlash that you'll get? >> oh, yeah, absolutely. i think that vÍctor cruz is perfectly entitled to be in a ca

average trans action price also up in the month of june. gme average price people pay at the dealership, $35,500. speaking of general motors, it released its second quarter sales today. up 4.6%. the chevy bolt, its sales were down 22%, but keep in mind this is a vehicle that gm is selling fwloeblly and the company says globally the demand, especially when you factor in south korea and canada, globally the demand is increasing. so the company says today it will increase chevy bolt production in the fourth quarter. guys, back to you. >> great setup, phil please stick around for the conversation we want to bring in carl broward, auto trader and kelly blue book executive publisher to discuss the june numbers along with his take on the threat of global auto tariff welcome, carl. how do you read today's number as phil outlined looked pretty good. >> looked great. even as car sales have collapsed, truck and suv sales more than made up for it the overall impact is still growth, and truthfully growth in higher profit vehicles so it is still great news

ahead, how the auto giant gm is paving the way for them allowing you to rent out your own personal carht back. ♪ are you ready are you ready ♪ >>> you're looking at an amazing moment right there. the first all black youths baseball team has won the little league championship game. they bead the capitol hill little league 14r, 14-7 last kn. they're headed to connecticut for the regionals next month. many picked up baseball four years ago when the washington youth baseball camp opened. >> i'm deciding who to root for. >> there hasn't been a baseball team until five years ago. already they're going to regionals and maybe the world series. >> there's been a concerted effort to resolve it, and, boy, have they had good results. >>> a florida officer intervenes to help a homeless man find a job. ahead how a simple gesture caug county is still threatening about 100 homes. the so-called 'marsh fire destroyed at least 1 h >>> it is 8:25. i'm kenny choi. this wildfire in contra costa county is still threatening about 100 homes. the so-called marsh fire destroyed at least one home in the clayton a

starting with the trade fight that need to be paid. >> with the car manufacturing talking about gm ford and yet christ to delay in earnings because of this. tariffs is one of them, but the other one is flowing car demand. they are starting to come down right now. as the price of cars go up, and i can only exacerbate the problem further. we have to get an indication on how it will impact earnings. it's not the import tariffs which every single manufacturers opposed to. the fact that steel and aluminum enough for all the automakers. >> putting tough tariffs on auto or auto components. some manufacturers on the auto will export component manufacturing so you're not paying 125 and deal. they'll bring in lower costo components into assembly. going to be very intricate and delicate decision. >> what we hear from the impacts of tariffs. cultural secretary sonny perdue about the foreign aid at 6:30 a.m. eastern. talking with u.s. farmers and producers about the impact of tariffs on their bottom line. the big show at 7:00 a.m. eastern. they with us. extreme weather from coast-to-coast. the very

the most interesting parts is the re-scaling section section and her survey of workers laid off on the gm victory -- factory. in her book, those who did not go through training were a much ander percentage employed comparing those employees who had scaled -- skilled were earning a lot more. her answer to that is that reskilling is not an answer in of itself. there have to be jobs too. it lines with 50 years of research. need topoint that you get these guys back to work is an essential point. it is also true in terms of teaching. successful teaching is about inspiring kids about going to do work themselves, that is how you learn. even more so for a 50-year-old. get peoplehard to with demographics like mind to learn new tricks. and it is helpful if you're in a structured job environment. >> all right, so much to talk about. to get to the skill saturation point. to know that a huge part of our response to the industrial revolution was to increase education. at the start, most could not read or write, and by the end, the vast majority of the working age population at a secondary school degree

putting the biggest dent in the outlook for this year. in gmhalf a ford buy $600 billion here in. if there are further tariffs.com, you have problems there again. a lot of uncertainty in the auto space right now. we would be on hold for that reason. yvonne: who stands to lose out more? you talk about where we go and nafta talks and that will be a big question mark as well. a lot of these makers build cars in canada. could u.s. car companies be the worst hit? >> i don't think they will be the worst hit. i think that in terms of who loses, everyone loses. a lot of the car companies lose as car prices across the board go higher. contentnt of imported in u.s. vehicles will impact u.s. sales. deal are vehicles, a great of canadian imported or exported autos go right to the u.s. if you look at the trade balance between the u.s. and the rest of the world, we are talking about the eu, asia, canada, mexico. driver's seat the here. i don't want to say that a trade were is winnable, but other countries and regions have more anyose by a trade were or escal

-- at that time she rebuffed the offer saying it was not in gm's interest october of 2015, ferrari listed on the stock exchange as well. as chairman of ferrari, he led the spinoff and all the way to the listing which has been a success, in fact fast forward to a few weeks ago in early june. in fact, sergio leading the presentation as an ambitious five-year plan to move the company forward. perhaps no surprise, a big focus on the jeep and the other brand which are most profitable by far. this is why the new ceo who is head of the jeep and ram division >> thank you >> we're joined live with the latest details what can you tell us about the new leadership >> reporter: yeah, good morning. live from the iconic headquarter. as we're talking, the top 20 managers of chrysler have convened how to implement the plan you were mentioning from the studio. a very, very ambitious plan. sergio march ki own i explained on the first of june one of his last public appearances. the goals are very high reaching jeep chrysler wants to get $16 billion profit before interest and taxation by 2022 and comprises 45

bmw's trade warning, the carmaker joins gm in a lobby against auto tariffs, while chinese pmi's signal weaker exports. and judgment day, the german chancellor holds migration talks with her coalition partner. can't she swerved a government crisis? -- can she swerved government crisis? anna: good morning. 9:00 6:00 here in london, if you are in dubai with manus. let's talk about asian equities. it has been a fairly negative one. we have hong kong out of action, but generally we are weaker, down 0.3 percent. this has been the story of the second quarter. we have voices joining the trade conversation, it in particular from the very networked car industry. we have the g.m. ceo speaking out, bmw, plenty of voices. mean rise, the chinese currency continues to weaken. the dollar is stronger. we are seeing asian fx weakening, in general it many voices say they are not seeing signs of the chinese weakening their currency. %,at euro is weaker, down 0.3 dealing with the headline around angela merkel. the csu leader threatens to resign. where do these conversations go throughout the morning? we ha

in the second quarter, gm has been able to push the average transaction price to a record high. the big question weighing on the auto industry t what impact will president trump's push for higher tariffs on steel, aluminum, and potentially imported vehicles have on demand? for no germany's most popular brands are still seeing solid sales, but if u the. puts a 25% tariff on imported bmws, audis, or mercedes-benz, will buyers walaway instead of paying several thousand dollars more for a particular model? overall, auto tariffs would d c the biggest threat to one of the best runs of strong sales the auto industry has evereen. but t second half of this year could be a bumpy one for the auto instry, especially if new tariffs are put in place for imported vehicles, which could drive up prices in the showroom. phil lebeau, "nightly business report," chicago. > let's turn now to jeremy for more on the potential auto tariffs andhat it might mea for the auto industry and of course for you. he's an auto industry analyst at edmonds. good to see you, jeremy. welcome back. >> hello. thank you

say they are all going to play by the rules and it's counterintuitive, one way we create the jobs, and i love gm, the jobs that people are anxious about, sell more of our stuff around the world. and people embrace that. i had to get our team to get off of our sort of intellectual commitment to trade and understand that we still had to make a case that made to the american public. >>> mr. ambassador, what is the biggest mistake that hometown to make in an effort to bring prosperity to the main streets of america. >>> forgive me, i was kidding with the mayor chattanooga my wife says i am still suffering from an acute case of mayor -itis. i say our cities are getting a lot more right than washington does. yet the play to your strength. if you are in the middle the country you cannot decide you know what were going to be the next biotech center because you have to have someplace like in mind to you like california chief of staff. i am speaking to the young people about how you can make the change. he was chief of staff to a young lawyer, state legislator name sarah wellington. at 28 years old he arg

interesting parts is the rescaling section and her survey of these workers who have been laid off from the gm factory, and after six years, those who went through rescaling and those who did not, and those who did not were on a much higher percentage employed and comparing those employed with skills and did not rescale, they were earning a lot more. and her answer to that is that rescaling is not an answer totally in itself, there also has to be jobs to go into. do you have any sort of observation there? >> it aligns with 50 years of research with reskilling programs. it is in line with what we have. the point that you need to get these guys back to work is a central point. most of us , it is also true in terms of teaching. the most successful teaching is learning by doing. most of it is inspiring kids to go into work themselves and that is how you learn. it is even more so for a 50- year-old. and it is very hard to get people with demographics like mine to learn new tricks, and it is helpful if you are in a structured job environment to do that. >> i think to get to the skilled saturation po

these workers who had been laid off from the gm factory. and after six years, though who went through rescheduling and those who did not. and those who did not were a much higher percentage employed, and comparing those employees who had skills and did not re-skill, they were earning a lot more. and her answer to that is that re-skilling is not an answer totally in itself. there also has to be jobs, too. do you have any sort of observation there? >> it lies with 50 years of research on failed re-skilling programs. the point you need to get these guys back to work is essential point. it is also true in terms of teaching. most teaching is learning by doing. most of it is inspiring kids to tell them to go into work themselves and that is how you learn. it is even more so for 50-year-olds. it is very hard to get people with demographics like mine to learn new tricks. it is helpful if you are any structural job environment to do so. >> so much to talk about. to get to this skill saturation point, it is important to know -- to note that a huge pa

the nasdaq up by 4/10 of 1%. joe: what'd you miss? scarlet: bmw and hyundai joined gm in pushing back against president trump's terror of threats. and tesla's 11th hour production push comes up short. the latest figures and not enough to disprove doubters. president of as mexico, the swing to the left sparking concerns the days of market friendly policies are over. u.s. exporters want congress to rein in president trump on tariffs. national security hawks want congress to force him to put cte out of business. trade experts are saying good luck with that as the indicate congress is unlikely to stop to turkey -- deferring to trump any time soon. a sea there seems to be change in the psychology of markets. many people have said the president was just threatening tariffs, he would never let the situation get to a point where actual tariffs would be imposed, but perhaps that was a miscalculation. >> it is incredible how the mindset has shifted in washington and across the 'suntry about donald trump tariffs. it felt like the worst case scenario, it would just domino and have

automakers, you know, gm, of course the first to say, i notice the president didn't cite them like he did harley-davidson, said it would move some jobs overseas but gm has a legitimate beef here and i'm wondering if others start echoing that and risk the rage of a presidential tweet because it might not register now, right? >> yes. neil, you know there are 13 car companies building cars and trucks here in the united states of america. gm is certainly one of them. it has been here for 100 some odd years. a lot of car companies are building here. all are saying the same thing. which this will raise prices on consumers these taxes. it will make it more expensive to build cars and trucks in the united states. all not for nothing, we'll invite retaliation which means we can't export as many cars, it is a lose, lose, lose proposition. why you hear gm, toyota, honda, ford, everybody talking about this. the risks are significant. and certainly the uncertainty in the near term is already creating problems. neil: what is interesting, so many of these companies, foreign companies as well that ha

if the gms and the boeings and the deltas are hurt because of steel prices going up or oil prices goingood. speaking more broadly, i think today's number was a good number, there's a lot of the -- employment numbers are good. short to midterm, you want to be bullish on the stock market, you want to stay away from the bear plays like a long-term bond because we if we have a strengthening economy, possible boost in inflation, then the long-term bonds are not going to look good. short-term bonds yielding something, that's a nice place to height. neil: people don't think in terms of commodities. stocks should be in the portfolio versus bonds and cash and that sort of thing, but it's like a blind spot for a lot of people. should it be? >> i know financial advisers who don't mess with commodities either, they will tell you there's no earnings, no yield. it really is a trade more than an investment, and i get that. so i don't think you have to have commodities in your portfolio but for people who are a little more trade oriented, who are willing to take the right moment to maybe pare back your

the numbers are so strong. alix: that's not pricing yet. mr. doll: i'll think so. gmwhen they knew they were going to have problems with info costs with the stock down 4%. david: is the market property -- properly valuing equities it's come down. the remainder of the cycle, it will keep coming down. he saw the peak in january. that was the peak for pes. night of this race between advancing earnings and pressure on pes and earnings are modestly winning the war so far, that's going to be a dance we place a lien of the cycle. alix: is this the defensive call? mr. doll: just be cognizant of prices. we have this nice run to 2800 yet again, for the fourth time we run to 2800 and age time we have found a reason to move back. i don't think we are plunging ofough, towards the high-end the trading range, i get a little more cautious. david: fiat has gone through a with the ceome stepping down. and then passing away. they are down like 10% right now in milan. that has him challenges and they have some of the geopolitical issues you just talked about. buy?at point is fiat an mr.

the trade group representing gm and ford and fiat saying a 25% import tariff would increase the imported00 joining us now with his take, vice chair bob lutz, give me your take here 20% tariff on autos coming from eu, what'sing that go to do? >> this is president trump correcting something that's been out of whack for the last 30 or 40 years europe has four times the automotive tariff that we have they have 10%, we had 2.5. china had 25%. other countries have been basically plunderring the american market and making it impossible to sell overseas. the 25% in the $6,000 that's all scarce stuff and i could see where gm and ford have joined in the protest against the 25% because at this point it also covers nafta and canada and mexico and all of the domestic companies have very heavy manufacturing facility, especially in mexico but also in canada but my guess is 25% is never going to happen. it's just the big stick to threaten everybody with and what the president is really after and god bless him, is to get a level playing field so that american products aren't disadvantaged. >> bob, i thin

the gm ceo talking about how this could lead to job losses. s there been any response in the illustration? -- administration? ros: executives from auto companies across the board from hyundai to south korea to bmw have been reading some of the letters to wilbur loss and they are not mincing words about the impact this will have on their companies, on the auto industry, totality, auto-parts makers. so far, the trump administration publicly isn't caving in. they're not buying this. donald trump said in an interview on fox, this is not going to be negative for the u.s. because companies will make more cars here. we've got bmw saying in its submission to the congress department, we make millions of 4 millione states, since 1994, they said. asit remains to be seen comments continued to roll in and a process by the commerce department and as secretary wilbur ross and other members of the trump team get together to talk about what the companies have said, if there will be any backing down. we also heard president trump today indicating as he looks to

and the rest will go to gm. the company also provides insurance on the rental. >>> recall of packaged crackers like ritz and goldfish over salmonella concerns are causing a stir at the grocery store. the food safety experts say that food-related illnesses are more likely to occur in your own kitchen. they're caused by cross-contamination of raw meat. any bacteria on your hands can be transmitted to countertops, utensils. the best way to avoid illnesses, thoroughly wash yourands after handling raw meat. >>> z burger is asking for forgiveness. the apology comes after a tweetc from theiunt created a backlash over the weekend. the now deleted tweet had a photo of james foley murdered by isis with the image of a hamburger. the caption say s when you you want a burger, someone says let's hit mcdonald's. it was created a by media company hired to do social media for the burger company. z burger posted this ssage. our design team fut this up not knowing what the cut-out image i was. ocent mistake. >>> 5:18 now. not the o