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the national automobile dealers association says problems with the government's computer application system means that many clunker deals can't be submitted on time. they say that the strap week gives them more flexibility and allows them to keep the program running through monday night. >>> -- japan agreed to make cuts to greenhouse gas emissions but instead the government says emotions have actually increased. morgan neill explains how they are taking action to make change in today's "eco solutions". >> reporter: when japan signed on to the kyoto protocols in 1997, it was with a sense of confidence. the country was seen as an environmental leader and few doubted it could meet its target, a 6% cut from greenhouse gas emissions, below 1990 levels, by 2012. but, emissions haven't fallen, they've risen. according to go. figures, by 9% since 1990. though industrial emissions have fallen, those from transportation, commerce, and people's homes, have risen. in an effort to change that, japan's ministry of the environment is leading a campaign it calls "team minus 6%." the main message, co
the national automobile dealers association says problems with the government's computer application system means that many clunker deals can't be submitted on time. they say that the strap week gives them more flexibility and allows them to keep the program running through monday night. >>> -- japan agreed to make cuts to greenhouse gas emissions but instead the government says emotions have actually increased. morgan neill explains how they are taking action to make change in today's...
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Aug 20, 2009
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the national automobile association said dealers have cut thousands of applications pending and millions of dollars hanging in the balance. until they get up, they will not write any more deals. there have been some delays, but they will be in first. a warning this morning, the next time you get a call offering help for foreclosure help or credit-card debt. there are more than 100,000a spokesperson said the calls are coming from that actors in the industry. using the information to extort money from relatives. and now we have the bloomberg business report. >> energy shares climbed on a rebound. with the real-estate bubble, the next bubble may be soon. according to tv and advertising executives, the related to television programs are attracting record audiences as viewers turn away from home- improvement shows. the food network and the travel channel are emerging at the start of this current level. one reason is that food can take away the pain a deep recession. when stock is benefiting from all of this. discovery communications. the tlc network is dropping home-improvement shows and turn
the national automobile association said dealers have cut thousands of applications pending and millions of dollars hanging in the balance. until they get up, they will not write any more deals. there have been some delays, but they will be in first. a warning this morning, the next time you get a call offering help for foreclosure help or credit-card debt. there are more than 100,000a spokesperson said the calls are coming from that actors in the industry. using the information to extort money...
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Aug 22, 2009
08/09
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the national automobile dealer's association says problems with computer system says that the paper work cannot be submitted on time. >>> unusual and often absurd, that is what a new report is calling millions of dollars in bonuses paid to some workers at the vet tan's administration. thousands of employees received $24 million in pay bonuses while thousands of disability -- the payments were not fiscally responsible and -- over a two-year period between 2007 and 2008. the pilot of the plane that was stranded for hours on a minnesota runway repeatedly begged to let the voice of the passengers off the plane. yesterday the transportation department released recordings between the pilot and rochester airline officials. the continue n-- they were forcd to stay on the plane for hours, no food and one toilet. >>> the islamic holy month of ramadan begins this weekend. and president obama is once again making good on a campaign promise to try to reach out to muslims. president obama said u.s. efforts to end the iraq war and isolated extremists in afghanistan and pakistan are aimed at builting a
the national automobile dealer's association says problems with computer system says that the paper work cannot be submitted on time. >>> unusual and often absurd, that is what a new report is calling millions of dollars in bonuses paid to some workers at the vet tan's administration. thousands of employees received $24 million in pay bonuses while thousands of disability -- the payments were not fiscally responsible and -- over a two-year period between 2007 and 2008. the pilot of the...
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that's what the national automobile association is telling dealers this weekend. the warning comes though the house has voted to put $2 billion into the program after it ran out. the senate is expected to vote next week. cash for clunkers lets americans trade in their gas-guzzling vehicles for more fuel-efficient ones. the federal government kicks in a rebate of up to $4,500. now some dealers are concerned they're not going to get their cut because it has been so hugely popular. well the white house says, don't worry, go ahead, cut the deals. the money will be there. >>> family's dream of moving on up, into a florida condo complex, is fading fast. they're the only residents in a 32-story, high-rise, thanks to the real estate boom that went bust. christina bailey of wftx, in fort myers, florida, explains. >> reporter: victor vangelakis and wife kathy dreamed of retiring in southwest florida and leaving this riverfront condo to their children. >> we sold a house up in new jersey and used that money as the downpayment for this building. this is everything we got we pu
that's what the national automobile association is telling dealers this weekend. the warning comes though the house has voted to put $2 billion into the program after it ran out. the senate is expected to vote next week. cash for clunkers lets americans trade in their gas-guzzling vehicles for more fuel-efficient ones. the federal government kicks in a rebate of up to $4,500. now some dealers are concerned they're not going to get their cut because it has been so hugely popular. well the white...
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Aug 22, 2009
08/09
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the national automobile dealers association says problems with the government's computer application system means many clunker deals cannot be submitted on time. they say the extra week gives them more flexibility and allows them to keep the program running through monday night. >>> unusual and often absurd. that is what a new report is calling millions of dollars in bonuses paid to some workers at the vet advance' administration. thousands of technology employees received $24 million in pay bonuses while thousands of disability claims remained backlogged at the department. the report calls the payments, "not fiscally responsible" and said some bonuses to high-level employees were not justified. the bonuses were paid over a two-year period between 2007 and 2008. >>> the pilot of the plane stranded for hours on a minnesota runway apparentedly repeatedly begged to let the 47 passengers off the plane. yesterday the transportation department released recordings between the pilot and rochester airport officials. the continental express flight was forced to stay on the tarmac more than six
the national automobile dealers association says problems with the government's computer application system means many clunker deals cannot be submitted on time. they say the extra week gives them more flexibility and allows them to keep the program running through monday night. >>> unusual and often absurd. that is what a new report is calling millions of dollars in bonuses paid to some workers at the vet advance' administration. thousands of technology employees received $24 million...
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Aug 22, 2009
08/09
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the national automobile dealers association says the problems with the government's computers applicationtem says many clunker dial deals can be submitted on time. they say that the extra week will allow them to keep the program running through monday night. so you still have until monday night to get a deal done. >>> four more u.s. banks went belly up including texas based guarantee bank making it the third largest of the year. the fdic says spain's secondest largest bank will buy guaranty, marking the third time that's happened this year. also shutting their door, capital south in alabama and in georgia, first coweta and ebank, bring the closures of this years total of failed banks to 81. >>> if you can't stop surfing the web, you may be one of a growing number of people addicted to the internet. susan west of cnn affiliate kcpq in seattle reports on a rehab program pour cyber junkies. >> reporter: do you spend countless hours surfing the net? would you rather send an e-mail or a text message than meet in person? do you sometimes fall asleep at your keyboard. if you answered yes to any
the national automobile dealers association says the problems with the government's computers applicationtem says many clunker dial deals can be submitted on time. they say that the extra week will allow them to keep the program running through monday night. so you still have until monday night to get a deal done. >>> four more u.s. banks went belly up including texas based guarantee bank making it the third largest of the year. the fdic says spain's secondest largest bank will buy...
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Aug 19, 2009
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. >> reporter:stimates from the national automobile dealers association show nationwide tens of thousands of clunkers' contracts are pending with millions of dollars hanging in the balance. >> the dealers have advanced this money object half of the customers. that's -- that's money out the door that the industry is now trying to collect from the u.s. government. >> reporter: today transportation secretary ray lahood aggressively defended the program. >> this program is working. >> reporter: he is urging frustrated dealers to tap the brakes when it comes to concerns about a payout. >> they will get their money. we have the money. congress provided the money. they are going to get their money. >> reporter: the ceo of america's largest auto retailer, auto nation, agrs and says part of the problem has been the overwhelming response. >> it is so successful beyond everyone's expectations that the department of transportation was not prepared to deal with this unbelievable surge. they are on it and adding more resources every day. >> reporter: the national highway traffic safety administration i
. >> reporter:stimates from the national automobile dealers association show nationwide tens of thousands of clunkers' contracts are pending with millions of dollars hanging in the balance. >> the dealers have advanced this money object half of the customers. that's -- that's money out the door that the industry is now trying to collect from the u.s. government. >> reporter: today transportation secretary ray lahood aggressively defended the program. >> this program is...
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meanwhile, the national automobile dealers association says that thousands of clunker contracts are still pending with millions of dollars hanging in the balance. >> we have well over a quarter million dollars right now invested. so we are -- we think that hopefully soon, you know, we will start to get more of that money. >> reporter: they are going to get their money. we have the money and congress provided the money and they are going to get their money. >> federal officials say part of the problem in the program has been so wildly popular. national highway traffic safety administration is in the process of tripling the number of employees available to process claims. secretary lahood also said today that thousands of claims have been sent back because the dealers didn't properly fill out the paperwork. >>> tonight some ghost hunters will be haunting our territory. >> they have been investigating claims of strange happenings at the princeville historic center in prince william county. the crew from sci-fi visited the pre-civil war landmark. the complex includes a jailhouse, school, chur
meanwhile, the national automobile dealers association says that thousands of clunker contracts are still pending with millions of dollars hanging in the balance. >> we have well over a quarter million dollars right now invested. so we are -- we think that hopefully soon, you know, we will start to get more of that money. >> reporter: they are going to get their money. we have the money and congress provided the money and they are going to get their money. >> federal officials...
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Aug 19, 2009
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the national automobile dealers association estimates dealers have hundreds in some cases thousands of applications pending and millions of dollars hanging in the balance. some say they will not write more deals until they catch up. >> the dealers have advanced this money on behalf of the customers. that's money out the door that the industry is now trying to collect from the u.s. government. >> transportation secretary ray lahood today assured car dealers that, while there have been delays, the program is working and they will be reimbursed. they're just wondering when. >> exactly. still ahead at 5:00, milwaukee's mayor is physically assaulted. at any time he's speaking out about the ordeal. >> could 40% of the children in greater baltimore get the h1n1 virus this flu season? >> we have sad news to pass along tonight. cbs news has confirmed that "60 minutes" creator don hewitt has passed away. he joined cbs in 1948 and produce today first televised presidential debate between kennedy and nixon in 1960. don hewitt was 86 years old. >> tonight we're hearing the first public comments fro
the national automobile dealers association estimates dealers have hundreds in some cases thousands of applications pending and millions of dollars hanging in the balance. some say they will not write more deals until they catch up. >> the dealers have advanced this money on behalf of the customers. that's money out the door that the industry is now trying to collect from the u.s. government. >> transportation secretary ray lahood today assured car dealers that, while there have...
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. >> reporter: estimates from the national automobile dealers association show that nationwide tens of thousands of clunkers' contracts are still pending with millions of dollars hanging in the balance. >> the dealers have advanced this money on be half of the customers. that's money out the door that the industry is now trying to collect from the u.s. government. >> reporter: today transportation secretary ray lahood aggressively defended the program. >> this program is working. >> reporter: he is urging frustrated dealers to test the brakes when it comes to their concerns about a pay out. >> they will get their money. we have the money. congress provided the money. and they are going to get their money. >> reporter: the ceo of america's largest auto retailer, auto nation, agrees and says part of the problem has been the overwhelming response. >> it is so successful beyond everyone's expectations that the department of transportation was not prepared to deal with the unbelievable surge. they are on it and adding more resources every day. >> reporter: the national highway traffic safet
. >> reporter: estimates from the national automobile dealers association show that nationwide tens of thousands of clunkers' contracts are still pending with millions of dollars hanging in the balance. >> the dealers have advanced this money on be half of the customers. that's money out the door that the industry is now trying to collect from the u.s. government. >> reporter: today transportation secretary ray lahood aggressively defended the program. >> this program is...
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the president of the village auto group and the massachusetts state director for the national automobile dealers associationof cars, how does this look to you. >> this stimulus package is moving very, very well and we hope to keep it going. >> a lot of people are saying that the government should not be taking responsibility for gas guzzlers and rewarding people with new cars. >> i think this cash for clunkers bill goes beyond the automobile industry. this is broader and has a whole lot of repercussions for whole country. >> like what? >> i think the country is looking for some positive news especially from the automobile sector. and once they hear that car sales are beginning to rise and factories are beginning to open and starting to make cars again, putting people back to work, all is all very, very positive news for the country. >> ray, i'm trying to quantify exactly what this means. we had a high envoy from ford who said that they have not reopened any factories as a result of this. it's difficult to quantitify what it really means. j.d. powers said that we're real talking about 110,000 new cars sold f
the president of the village auto group and the massachusetts state director for the national automobile dealers associationof cars, how does this look to you. >> this stimulus package is moving very, very well and we hope to keep it going. >> a lot of people are saying that the government should not be taking responsibility for gas guzzlers and rewarding people with new cars. >> i think this cash for clunkers bill goes beyond the automobile industry. this is broader and has a...
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some of the questions surrounding it, we turn to: ed tonkin, the vice chairman of the national automobile dealers association, a trade group. his company has 14 dealerships in oregon that sell domestic and foreign models. he joins us from portland this evening. and bruce belzowski of the university of michigan's transportation research institute. gentlemen, thank you both for being with us. i'm going to start to you, ed tonkin. how well do you think this cash for clunkers program has done? >> i think it's been terrific, judy. even better than anyone expected. it's interesting because as you see in the media, in some of the publications, people are wondering is the stimulus program working, the government stimulus program. here you have probably the most successful. you have action and then reaction. the program came into effect on july 1, the regulations were promulgated, produced on july 24 and that's when it really took hold, it there's been an explosion in business. it's been terrifically successful for not only auto dealers but automakers, but the country as a whole because this will keep the plants goin
some of the questions surrounding it, we turn to: ed tonkin, the vice chairman of the national automobile dealers association, a trade group. his company has 14 dealerships in oregon that sell domestic and foreign models. he joins us from portland this evening. and bruce belzowski of the university of michigan's transportation research institute. gentlemen, thank you both for being with us. i'm going to start to you, ed tonkin. how well do you think this cash for clunkers program has done?...
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here to discuss the program, chairman of the national automobile dealers association. >> good to be with you. >> so, first of all, jim lentz was just on the program with phil lebeau, head of toyota usa. he was saying he anticipates a recovery in the auto sector in the near future. my question to you is how does that fit in with the cash for clunkers program. >> because, yes, in the here and now, it's good, but what happens two years down the road, three years down the road? suddenly you don't need to buy a new carn anymore because you traded yours in. >> i think that the auto industry was starting to solidified over the last several week and this program has given is a kick start. there's been a tremendous apen-up demand. and inwe are bringing a lot of people into the market that are not traditional new car buyers. they typically bought used. that i think's good for the industry and good for the consumers. they're buying more fuel efficient cars and their cost of operation will be considerably less going forward. >> i've come around on this program and i want to ask you about this. for s
here to discuss the program, chairman of the national automobile dealers association. >> good to be with you. >> so, first of all, jim lentz was just on the program with phil lebeau, head of toyota usa. he was saying he anticipates a recovery in the auto sector in the near future. my question to you is how does that fit in with the cash for clunkers program. >> because, yes, in the here and now, it's good, but what happens two years down the road, three years down the road?...
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Aug 24, 2009
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. >> reporter: the national automobile dealers association asked for a filing extension until august st. this afternoon the department of transportation did extend the deadline but just to noon tomorrow. despite the bureaucratic gridlock and other concerns, pohenka says the program has helped the bottom line. >> for the consumer it has been a great program. they were probably going to see perhaps some record sales through this, sales, new car sales throughout the united states will be up substantially. and what's interesting to this, it stirred up the market. >> reporter: also pleased with the program, the owners of auto junkyards, for many of those clunkers will end up. >> business is great. i mean you can look around this, there is plenty of people. >> reporter: at crazy ray's used auto parts in baltimore, sales are up. clunker car parts are big. >> cars come in in a lot better cosmetic condition. and i need a front bumper. >> and what can't be resol sold is scraped and recycled. scrap sales are a leading economic indicator. >> when they see the economy starting to turn, they place
. >> reporter: the national automobile dealers association asked for a filing extension until august st. this afternoon the department of transportation did extend the deadline but just to noon tomorrow. despite the bureaucratic gridlock and other concerns, pohenka says the program has helped the bottom line. >> for the consumer it has been a great program. they were probably going to see perhaps some record sales through this, sales, new car sales throughout the united states will...
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but the national automobile dealers' association is urging the government to shut down the program now. lahood says the obama administration is developing plans to do that, and could announce something by tomorrow. so heads up. i guess you've got to move fast if you want to get in on that, perhaps. >>> new this morning, a poignant letter from senator ted kennedy, asking massachusetts leaders to change a law to allow a speedy replacement of him in congress. it comes amid growing concerns about his battle with brain cancer. kennedy wants the governor to be able to temporarily appoint someone to the seat. >> current state law requires a special election be held. >>> we just learned that people in afghanistan are getting some extra time to vote in today's country -- in the country's presidential election today. that's according to the country's election commission. the country's former finance minister, abdullah abdullah voted this morning. he is the top competitor to karz karzai. much this afghanistan's second ever election. this is reporter ivan watson, and says it's crucial for the elec
but the national automobile dealers' association is urging the government to shut down the program now. lahood says the obama administration is developing plans to do that, and could announce something by tomorrow. so heads up. i guess you've got to move fast if you want to get in on that, perhaps. >>> new this morning, a poignant letter from senator ted kennedy, asking massachusetts leaders to change a law to allow a speedy replacement of him in congress. it comes amid growing...
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host: our guest is a member of the board of directors of the national automobile association and is chairf an association in washington, d.c., and the vice president of her own darcars group. good morning ,larry. caller: i would like to take a moment to wish president obama happy birthday as i share his birth. i hope that he is listening. host: happy birthday to you. i would suspect he is not listening. caller: my opinion on these cars is that looks more like a disaster to me. let me explain. my local cbs affiliate did a story on a dealership here in columbus last night. when they were showing the cars that were coming in and what they did to disabled and disarm them -- they don't something into the engine -- i expected to see a bunch of broken-down clunkers. that is not what i saw. i saw 1990's model cadillac, lincoln town cars, ford explorers, pickup trucks for all perfectly good. there is an enormous market for those. one market is for people who cannot afford to spend $30,000 on a new vehicle. and the the people are cut out of this loop. it is only good for cars that get certain gas m
host: our guest is a member of the board of directors of the national automobile association and is chairf an association in washington, d.c., and the vice president of her own darcars group. good morning ,larry. caller: i would like to take a moment to wish president obama happy birthday as i share his birth. i hope that he is listening. host: happy birthday to you. i would suspect he is not listening. caller: my opinion on these cars is that looks more like a disaster to me. let me explain....
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the national automobile dealers association says problems with the government's computer applicationm means many clunker deals cannot be submitted on time. they say the extra week will allow them time to keep the program running through monday night. >> they say it takes forever, it's taking up so much time to file all this paperwork. >> some of it is getting rejected. you have to wait and re-file it. >> some of the dealers saying even the overtime you have to pay to get it done is eating up the profits. >> and if they don't qualify, these are people who have already taken off in the vehicle. they're driving them right now. say they don't qualify, they're going to have to bring that vehicle back and it has miles on it. what does a dealer do? >> the dealer is on the hook for the cash as well. it's got the sales up, but, you know, a few problems with the program. a time for a look at what's coming up on "your bottom line." we have a look at what's coming up. >> the downward spiral of america's housing market hasn't been easy on anyone. for bravo tv's jeff lewis, frustration with his ho
the national automobile dealers association says problems with the government's computer applicationm means many clunker deals cannot be submitted on time. they say the extra week will allow them time to keep the program running through monday night. >> they say it takes forever, it's taking up so much time to file all this paperwork. >> some of it is getting rejected. you have to wait and re-file it. >> some of the dealers saying even the overtime you have to pay to get it...
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the national automobile dealers association says problems with the government's computer application system means many clunker deals cannot be submitted on time. they say the extra week gives them more flexibility and allows them to keep the program running through monday night. >>> a new budget forecast to be released next week could mean more debt piled on our kids and grandkids. the obama administration is expected to project the u.s. deficit will reach $9 trillions over the next ten years. that is a significant jump from the $7 trillion predicted at the beginning of the year. now, obama officials blame the economy. they say the government isn't taking in nearly enough tax revenue while it continues to keep spending too stimulate the economy out of this recession. >>> and got to look at this. there is new video this morning of a dramatic helicopter rescue in utah. take a look. now, that takes some skill to be able to land on such a small space right next to that mountain right there. you can see just the top of that helicopter come so very close to almost hitting it. this incident
the national automobile dealers association says problems with the government's computer application system means many clunker deals cannot be submitted on time. they say the extra week gives them more flexibility and allows them to keep the program running through monday night. >>> a new budget forecast to be released next week could mean more debt piled on our kids and grandkids. the obama administration is expected to project the u.s. deficit will reach $9 trillions over the next...
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. >> reporter: the national automobile dealers association is urging the government to give them an additionalk to process all the deals they expect in the twilight hours. transportation secretary ray lahood assures the money is on the way. >> they're going to get their money. we have the money to provide to them. >> reporter: as for customers like sarah nesbitt, she's rushing to cash in on a deal she just couldn't pass up. >> with all the dings and dents and scratches and dog hair and all that, into one of those. >> reporter: so what are people buying? this dealer says nearly 80% of all their clunker customers are buying foreign brands and about 80% of what people are turning in are domestic vehicles. kate bolduan, cnn, silver spring, maryland. >>> now recent numbers. as of this morning, cash for clunkers is credited for 625,000 deals, with nearly $2.6 billion in rebate vouchers handed out. if you missed out, here's some consolation. you can still get a $600 tax credit for buying a new car. we are continuing our coverage of the health care systems around the world and what we can actually lea
. >> reporter: the national automobile dealers association is urging the government to give them an additionalk to process all the deals they expect in the twilight hours. transportation secretary ray lahood assures the money is on the way. >> they're going to get their money. we have the money to provide to them. >> reporter: as for customers like sarah nesbitt, she's rushing to cash in on a deal she just couldn't pass up. >> with all the dings and dents and scratches...
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we'll talk live with the head of the national automobile dealers association. can guess he's happy and guess what? i am now in favor of cash if clunkers. i've changed my view. >> it's going to be a crazy show. the head of toyota usa jim lentz will join us live. the company announcing it will build and affordable sports car within the nest couple of years. this is "the call" on cnbc. >>> stocks moving low other some weaker than expected economic data. job losses in the private sector fell in july. and ism nonmanufacturing index came in weak than expected. all that weighing on the market. the dow down 82 points. almost a full percentage point. the s&p trading the down side also. it's down about the same, we're below
we'll talk live with the head of the national automobile dealers association. can guess he's happy and guess what? i am now in favor of cash if clunkers. i've changed my view. >> it's going to be a crazy show. the head of toyota usa jim lentz will join us live. the company announcing it will build and affordable sports car within the nest couple of years. this is "the call" on cnbc. >>> stocks moving low other some weaker than expected economic data. job losses in the...
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this, according to the national automobile dealers association.r who is never bought a car are doing so now a. new car, that is. so almost without exception they are reporting significant sales. what is happening at ford is also happening to its competitors. i think what everyone needs to see is more than a one-hit wonder. we need more evidence. but what we've been hearing, all of this stuff with a better than expected gdp, with the existing and new home sales and home price, it's encouraging and it's welcome news. that's just for about everyone. >> susan, thanks so much. >> you're welcome. >> the senate may not reach any inquiry as they begin on friday. they made some moves, setting up a vote on the reform plan in september. >>> at least 75 coalition troops were killed in afghanistan in july. making it the deadliest month of the eight-year long conflict. that's the latest series of attacks. august is not off to a good start either. >>> nine coalition troops killed over the weekend in afghanistan. in a deadly attack on police this morning. all of
this, according to the national automobile dealers association.r who is never bought a car are doing so now a. new car, that is. so almost without exception they are reporting significant sales. what is happening at ford is also happening to its competitors. i think what everyone needs to see is more than a one-hit wonder. we need more evidence. but what we've been hearing, all of this stuff with a better than expected gdp, with the existing and new home sales and home price, it's encouraging...
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nasdaq last night the national automobile dealers association started a privately funded new program. the group launched the venture because dealers veer the $3 billion clunkers program will run out of money before they get reimbursement for the discount. it allows the trade-in value of up to $4500. all working vehicles older than 2007 models are eligible, regardless of few efficiency, which is key. purchased or leased cars with two miles per gallon higher economy. which links to what the government program had as well. one note, chief website says that buyer intent is down more than 30% from the peak and they think we're going back to normal automobile purchases. not much of this is staying around to increase buying. in washington, the obama administration is going to trim that budget deficit forecast. we're tell you a bit about that, we thought it was important. they now say the fiscal deficit for '09, the year we're in, is $1.58 trillion. $262 billion lower than predicted in may. official says that drop is due to the elimination of that $250 billion they set aside, i believe it's p
nasdaq last night the national automobile dealers association started a privately funded new program. the group launched the venture because dealers veer the $3 billion clunkers program will run out of money before they get reimbursement for the discount. it allows the trade-in value of up to $4500. all working vehicles older than 2007 models are eligible, regardless of few efficiency, which is key. purchased or leased cars with two miles per gallon higher economy. which links to what the...
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Aug 4, 2009
08/09
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daughter visual as we talk about the cash for clunkers program, she is a member of the national automobile dealers' associationhe's also the chair of the twa area new auto dealers association and the vice president of her own automotive group. next is larry joining us from columbus, ohio, good morning. >> caller: i'd like to take a moment to wish president obama happy birthday as i schaffer his birth -- share his birthday, and i hope he's listening. >> host: happy birthday to you. i would suspect he's probably not listening, but thank you. [laughter] >> caller: but my opinion on this cars is it really looks more like a disaster to me. and let me explain why. my local cbs affiliate did a story on a dealership here in columbus last night, and they were showing the cars that were coming in into what they did to disable and disarm them, how they dump some kind of gunk in the engine to make it seize. i was expecting to see a bunch of broken-down, old beat-up clunkers. well, that's not what i saw in this commercial. i was seeing '90s model cadillac devilles, lincoln town cars, ford explorers, pickup trucks that were
daughter visual as we talk about the cash for clunkers program, she is a member of the national automobile dealers' associationhe's also the chair of the twa area new auto dealers association and the vice president of her own automotive group. next is larry joining us from columbus, ohio, good morning. >> caller: i'd like to take a moment to wish president obama happy birthday as i schaffer his birth -- share his birthday, and i hope he's listening. >> host: happy birthday to you. i...
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Aug 2, 2009
08/09
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in is survey done by the national automobile dealer association this week suggest that at least 200,000ve been completed but not yet officially submitted. if that's true and we're being told that it probably is, then the entire $1 billion is just about exhausted, so we have before us a bill to provide stopgap funding for cash for clunkers by allowing the administration to transfer up to $2 billion from the department of energy innovative technology loan guarantee program which doesn't expect to award funding until late next year. some would call this letting the markets work. consumers have spoken with thei
in is survey done by the national automobile dealer association this week suggest that at least 200,000ve been completed but not yet officially submitted. if that's true and we're being told that it probably is, then the entire $1 billion is just about exhausted, so we have before us a bill to provide stopgap funding for cash for clunkers by allowing the administration to transfer up to $2 billion from the department of energy innovative technology loan guarantee program which doesn't expect to...
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Aug 20, 2009
08/09
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the nation's fastest 3g network. only from at&t. >>> transportation secretary ray lahood says cash for clunker will be wound down soon. last night the national automobile dealers associationdealers fear $3 billion clunkers program will run out of money before they get reimbursements for discounts they've given consumers. the auto stimulus plan allows trade-in value of up to $4500, all working vehicles older than '07 models are eligible, regardless of fuel efficiency. the only requirement is consumers purchase or lease cars that have two miles per gallon higher fuel economy. so if you couldn't get in under clunkers, joe -- >> hold onto your clunker. might still get in. >> yes. you've got to get used to starting after that music. i was doing a little music before you, the nightly news, and you look like a 3-year-old a little bit. >> i see what you're talking about. >>> let's get to economy, economy taking a toll on commercial real estate, particularly the hotel industry. we're taking the pulse of the luxury hotel market with john ueberroth. mr. ueberroth, famous name, that's your brother, right? not that you're not famous, but mr. ueberroth, famous from the olympics and sel
the nation's fastest 3g network. only from at&t. >>> transportation secretary ray lahood says cash for clunker will be wound down soon. last night the national automobile dealers associationdealers fear $3 billion clunkers program will run out of money before they get reimbursements for discounts they've given consumers. the auto stimulus plan allows trade-in value of up to $4500, all working vehicles older than '07 models are eligible, regardless of fuel efficiency. the only...
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Aug 20, 2009
08/09
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according to the national automobile dealers association, they have done in an informal poll. money. according to their members, they have already spent $3.2 billion already. even though they say it will go through september, where's the money coming from? brian: the diller's in pennsylvania are not doing it. -- half but car dealers in pennsylvania are not doing it. continue president obama in to sell his health care proposal. he did it on a conference call with thousands of religious leaders of all the abominations. an-- he did this with thousands of religious leaders of all denominations. gretchen: is really the moral obligation of a religious person to believe in health care reform? for the obama plan of health care? that was the message he seemed to be stating to these people on the phone call yesterday. gretchen: there are so many unanswered questions, like mixing the separation of church and state. i thought people on the left seem to cry wolf on president bush when he did that. now we are mixing religion back into the discussion of health care reform. i'm not sure every
according to the national automobile dealers association, they have done in an informal poll. money. according to their members, they have already spent $3.2 billion already. even though they say it will go through september, where's the money coming from? brian: the diller's in pennsylvania are not doing it. -- half but car dealers in pennsylvania are not doing it. continue president obama in to sell his health care proposal. he did it on a conference call with thousands of religious leaders...
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Aug 1, 2009
08/09
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in is survey done by the national automobile dealer association this week suggest that at least 200,000eals have been completed but not yet officially submitted. if that's true and we're being told that it probably is, then the entire $1 billion is just about exhausted, so we have before us a bill to provide stopgap funding for cash for clunkers by allowing the administration to transfer up to $2 billion from the department of energy innovative technology loan guarantee program which doesn't expect to award funding until late next year. some would call this letting the markets work. consumers have spoken with their wallets and they are saying they like this program and clearly it was intended to do what it was supposed to do, spur car sales in this sluggish economy. this will keep it going, hopefully. i'd urge support for the bill and i reserve the balance of my time. the speaker pro tempore: the gentleman from wisconsin reserves the balance of his time. the gentleman from california. mr. lewis: thank you, mr. speaker. mr. chairman, i rise to point out the absurdity of the situation we
in is survey done by the national automobile dealer association this week suggest that at least 200,000eals have been completed but not yet officially submitted. if that's true and we're being told that it probably is, then the entire $1 billion is just about exhausted, so we have before us a bill to provide stopgap funding for cash for clunkers by allowing the administration to transfer up to $2 billion from the department of energy innovative technology loan guarantee program which doesn't...
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Aug 24, 2009
08/09
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. >> reporter: the national automobile dealers association is urging the government to give them an additional week to process the deals they expect in the twilight hours. >> they're going to get their money. we have the money to provide. >> reporter: as for other customers, rushing to cash in on a deal she just couldn't pass up. >> with all the dings and dents and scratches and dog hair and all that into one of those. >> so what are people buying? well, this dealer says nearly 80% of all their clunker customers are buying foreign brands and about 80% of what people are turning in are domestic vehicles. >>> gerri willis is going to be here giving us tips on how to take advantage of the final hours of cash for clunkers. >>> police are looking into a breakin at actor lindsay lohan's house. she wasn't home at the time. investigators were given surveillance video from the house. a safe was ripped out of the wall. police were also called to the house in may to investigate an attempted break-in. >>> a model and mother was spared six lashes of the cane for now. her crime was drinking beer in public.
. >> reporter: the national automobile dealers association is urging the government to give them an additional week to process the deals they expect in the twilight hours. >> they're going to get their money. we have the money to provide. >> reporter: as for other customers, rushing to cash in on a deal she just couldn't pass up. >> with all the dings and dents and scratches and dog hair and all that into one of those. >> so what are people buying? well, this...
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the national american deerls association, automobile dealers association said the most in july, a huge demand because of this deal. now, the people on the other side will say, come on. this is just -- no one has been buying a car for the past year. they have just been afraid. another $2 billion. >> republicans are quick to point out a billion, now $2 billion, $3 billion program, who is going to pay for it. >> we borrow money to pay for it as i like to point out always. in wisconsin and new hampshire i want to point out until now you had to prove you have insurance on this vehicle for the last year. have you don't have to have insurance in wisconsin and new hampshire. that was a problem for people who wanted cash for clunkers. now it's okay. you can go take your clunker in if you don't have proof of insurance. >> if it's monday, it's roman numeral day. 200,000 is the numeral today. 200,000. what do you think? >> the number of cars sold in the month of july. >> the number of cars cash for clunker will do in the first billion. if you have another $2 billion think how many cars will move o
the national american deerls association, automobile dealers association said the most in july, a huge demand because of this deal. now, the people on the other side will say, come on. this is just -- no one has been buying a car for the past year. they have just been afraid. another $2 billion. >> republicans are quick to point out a billion, now $2 billion, $3 billion program, who is going to pay for it. >> we borrow money to pay for it as i like to point out always. in wisconsin...