so general motors and the uaw need to reach a deal and then wthe uaw needs to gkers to improve the deal. it is a bit sticky.ur general motors has experienced the ire of president trump for closing factor key political stakes. -- states. how much interest is the president taking in thistrike? micheline: well, it is very unusual for a car company have to manage a u.s. president. as we have seen with donald trump, he will tweet about just about anything that catches his attehaion. normally in labor negotiations you are just worrying about the union and the company. these days you wake up in the morning and see if donald trump has said anything. that is anlement that has not been part of previous negotiations. laura: is there some optimism around the talks when they resume tomorrow? micheline: i don't really know, to be honest.e i think the things that the strike does it lets workers get out into the street and wave picket signs and blow off steam. if there is something that is really bothering them, they will let locapresidents know about that. the local presidents go back to the bargainer

among other things, we have been talking about this uaw strike, first major uaw strike in 12 years at interestingly, the sunrise movement, well known for pushing the green new deal, sitting down at nancy pelosi's office right before she was named house speaker again. the executive director of the sunrise movement through her support behind the strike, tweeting "all workers deserve a ."ght talk about the green new deal and what this means for jobs today and how companies like gm are adapting and how environmentalists are working with unions now. >> i think the green new deal is a great idea. we face a global warming crisis. our leadership is going in the very wrong direction. and when the green new deal was first announced, it was leaked out pretty maturely some details were worked out. a lot of union folks got angry and uneasy because they worry that coal mines and coal-fired power plants would be closing very quickly and throw many, many people out of work. i think the plan was released before they had finished working through -- the phrase is ensuring a just transition. union leader

the uaw counters that gm has steadily increasedr the numf vehicles imported from mexico and believes some of them could have b beenlt in plants like the one in lordstown, ohio, which has been shuttered. it's all part of mary barra's plan to make gm lean and profitable. that has drawn the ire of president trump who wants gm to add more jobs in the u.s.e trike prompted him to tweet, here we go again withge ral motors and the united auto workers. deal.ogether and make a while it may take days or weeks for a deal to come together, general motors a the uaw still have a history of eventually hammering out agreements including a decade ago when the automaker was going through bankruptcy and everyone attached to it was forcedo make tou choices. >> we did what we had to do bacd in '09 to save o self and the company, and now we're asking the companyo save our jobs. >> reporter: phil lebeau,ig ly business report," detroit. >>> >> says, quote, we netiated in good faith and with a sense of urgency. our goal remains to build a strong future formp ouryees and business, end quote. >>> joining us to

uaw activated the emergency strike fund.or these workers who are on strike will continue through the end of the month. then after that the union will have to cover it. so that perhaps signals they're ready for this to go on for some time. david? david: grady, thank you very much. now take a look at a headline from the "detroit news" editorial board. they say, quote, blame the strike on uaw corruption. i think we can get that headline in. there it is. let's bring in judge andrew napolitano. he is the host of "the liberty file" on "fox nation." judge, 10 uaw officials have been charged with various crimes and corruption and so forth including vans pierson. he is sitting on the contract negotiations board? >> yes. david: he is one of the people negotiating this strike. the "detroit news" knows the uaw very well. they know detroit like the back of their hand. it is the back of their hand. are they right the uaw is using this strike to cover up their own corruption problems? >> it is certainly a legitimate argument to make. a cri

the stakes are very high uaw workers going forward.estigations fly very much in the face of what has stood for for so long. there is not a direct link to bargaining. becauseougher right now there are these allegations towards some leaders. it could influence the ratification vote but probably not that much. right now, gm workers feel the union has gone to the ultimate weapon and their choice of an is whether they want to stay out more days and lose more pay. romaine: thank you, professor. this week, bloomberg news is participating and covering climate now, an initiative led by the columbia journalism school on climate change. in april, renewable energy supplied more power to the u.s. grid than coal. it is a sign that solar and wind and go head-to-head with fossil fuels. joining to discuss, will wade, bloomberg news power and energy reporter. is this because we have all got religion and we somehow care about the environment? green tois about going save money. and two thirds of the world, if you are building a new power plant today, wind

the uaw and gm locked in intense negotiations.h union scandal cominicates as workers get ready to walk. >> bad news for borrows the mortgage rates the biggest rise in three years and maybe just the beginning. those stories and more tonight on "nightly business report" for friday, september 13th. >>> good evening, everyone and lcome. the dow's rice isn't flashy but it's there. the blue chip iex up eight straight sessions. investors have been in a better mood, pri orily because trade relations wh china and a exempt some u.s. agricultural products from additional tariffs. that lifted shares of trade sensitive names like caterpillar and bogey and put the dow in riking distance of new highs. at the close the dow gained 37 points to 27291 appear the s&p 500 down 2. all majorig indexes are the third straight week. bob pisani looks closer at what's driving the mechanic and why next week could be decisive for wall street. >> stakes made a m est run of record highs but fell short month friday the 13th. still riding the impressive eight-day

business since the last uaw strike and that was back in 2007.cant bankruptcy filing from purdue pharma, that is the drugmaker that makes oxycontin. it is the next step in a plan to pay billions of dollars in restitution over the accusations that company helped fuel the opioid crisis. in the settlement, though, purdue still maintains it did nothing wrong. >>> billions of barrels of oil up in smoke. this after a strike on a saudi arabian oil field. president trump says the u.s.

is what bothers the uaw.sler and ford but as they have right sized their capacity in the united states while ford and fiat chrysler have expanded producti production, general motors has the fewest number of workers in terms of the impact on gm shares, we're not seeing much of a movement in extended hours trading for general motors and that's because the impact, guys, is likely to be limited if this is a strike that only goes ten days or two weeks. it's about $50 million a day is the impact on general motors now if it extends, if you're talking three, four, maybe five weeks, that's when you would start to see an impact on general motors for its full-year earnings third quarter probably not going to be impacted much but full year could be impacted by an extended strike. guys, back to you. >> phil, anything else that you're hearing we heard the crowd behind you earlier this morning and it did sound like they were -- >> reporter: yeah. >> -- pretty set but what else are you hearing from the union rank and file th

and this is something that should not be taken lightly by my friends in the uaw.fact, i have friends and family members that are members of that -- leland: so you say, you say friends -- >> disagreement internally as well. leland: do you support the strike? >> no. there is, actually, disagreement among those folks. here's what i'm hearing though, is that they are very, very concerned about the leadership of the uaw which some of them are already in jail. making sure that is not for them, but it's for the members. yes. yes, there's a massive one going on. here's what we need to do, is pass the us or mca. that will -- usmca. leland: that's certainly something -- the redo of nafta. congressman, we appreciate you coming on, sir. there's a new barbecue place that's opening up in grand rapids, sparks barbecue. i suggest you check it out. [laughter] >> you got it. we'll do that. leland: kristin? >> all right, bye. kristin: another big story today, president trump sounding off on a piece in "the new york times" opinion section that claims there was the a second incident i

my parents are members of uaw. say i saw a report over the weekend that they are softening their expectations, the trump campaign, that is, for michigan. i think the fact that they've not brought home the bacon for the uaw workers -- cheryl: i will push back. unemployment is at record lows in michigan. final word? >> 800,000 manufacturing jobs left the united states through a democratic president and the reason why we need usmca is we will bring back those jobs to the united states. president bill clinton did that with nafta. we need those jobs back in the united states. cheryl: thank you so much for your time. lauren: coming up, after a whirl wind week for wework and the ceo, adam newman, reports now that the company is looking to make pretty big changes. and starbucks is known for instagram friendly drinks. now it's making waves with seriously strange flavors. you won't believe what the company has cooked up, coming up on "fbn: a.m." ♪ oh, i'm a rebel just for kicks now. ♪ i've been feeling it since 1966 now. ♪ m

the president's of the uaw have been linked to a corruption investigation. but given that there is an investigation going on, how does that change these negotiations in your mind? should they ask gm to negotiate with these leaders while it is happening? >> everybody is innocent until proven guilty. there is a lot of investigations that happen. i don't think it should have any affect on the goeses at all here. i don't think it will. i think they have really good arguments as to why it is out. so it is unfortunate, but it is only an investigation. nobody has been prosecuted yet or charged, especially at the higher levels. it is unfortunately, we need to move forward, but i have been calling my presidential campaign new and better. new and better unions, you and better private sector, new and better research and education. new and better everything. that includes the industry, too. it is 2019. they have a clear role and i'm supporting them in the role and we all have to be impeccable to the extent we can be moving forward as we move into, you know, 2020 and wha

the story like the uaw strike at gm. rimore important story in your state right now. >> i think anytime you have something that involves an impeachment with that word. it grabs people his attention but to be fair, the more than two years now there may be something about an impeachment decay. i would say there may be other things more important at the moment. were approaching the second week of the generating and talks have picked up. it has emerged in the presidential issue. we've had at least three candidates who come to michigan and visited. the picket lines here in michigan at the detroit assembly plant, we've got overture, elizabeth warren and then yesterday, bernie sanders who flew in for a quick 20 minute visit. are the others who on the picket lines, wisconsin, former vice president joe biden. they all came here staying we want to show ourselves here with the workers, they should be getting more. i'm not sure, impact this really having on this. thus their own continent dynamic. they felt the newly need to come her

there is a major federal corruption code against the uaw and any leaders in the uaw, hurting their negotiatingi think they think that pre-authorizing this strike is a way to kind of level the playing field. david: what about the so-called union solidarity even that investigation? i understand there were some inappropriate activity between automakers and the uaw in prior negotiations that could undermine the loyalty of the union. is that much on the rank-and-file as mind? sandy: during the labor day parade, there were a lot of comments by the uaw rank-and-file saying that, i love my union, i'm supportive of my union, but i'm highly concerned about some of my leadership. i'm not sure they have represented me well. at the end of the day, the rank-and-file at auto companies will stick with their unions. they see this as an important set of negotiations. there is a reason why they stuck with gm as the first negotiating target. of the three, they are probably in the strongest position. they have made the most controversial moves so far in terms of plant idling's. that is what is most at stake at gen

earlier this month, uaw missouri regional director have been pearson charged with embezzlement. dozens and factories and warehouses are affected by this strike. analysts say it is estimated general motors could lose upwards of $90 million each day. lauren blanchard, fox news. >>> today the recreation and park commission in san francisco will vote on whether to rename the julia khan playground. last year, the board of supervisors voted to change that name because it is saw -- associated with supporting a controversial law that banned the immigration of chinese laborers. asian american groups pushed for a name change. community activists favor a geographical name for that playground. >>> 4:10 is the time children are ending up in the hospital. up next, the changes for cannibus and how it could keep kids safe. >>> the washington monumentclos >>> going to take a look at your commute in and traffic you make work toward the bay bridge toll plaza. >>> it looks like a nice day. temperatures are staying the same or warming up. we'll take a look. our time is 4:13. bay area religious leade

the uaw wants a whole lot of stuff.sinevelos has been following it very closely in arlington, texas, with what some of that stuff might be. reporter: so what we're seeing right now, this is the plant that makes large suvs. they are estimating right now that they could be potentially losing $1 million a day which is contributing to that stock loss. you have people picketing, they have been picketing over 4,000 employees just at this plant alone, spread all around this massive building. what are they demanding? what is the union demanding? fair wages, profit sharing, given that gm made $8 billion just last year alone. they don't want to see their health care go up because right now, they are paying about 4% of their health care costs, according to gm. it potentially could go higher. gm also announced four plants that were going to close across the united states. they obviously don't want to see that because that results in more job losses. you did have gm, they reached out and they commented saying that they have already

so if you're a uaw member you know that this contract was coming to an end. you knew that the possibility to strike was there. they can afford to a certain extent say we're going to try to put some pressure on general motors. from gm's perspective, craig, this is costing them $50 million a day. that's one estimate from one analyst but they've got plenty of inventory when it comes to high profit, high demand trucks and suvs. you're not going to notice an impact at dealerships, at least for four or five or six weeks. then you might see pressure being applied on both sides to reach a deal. >> so both sides. it sounds like you're saying that both sides have a little time? >> yes. >> okay. >> i think both sides look at this and say we'll wait and see. >> phil, stand by for me if you can. if you want to jump in at any point in this conversation feel free to. emily i know you mentioned you spoke with one of the striking workers this morning as well. what did he or she tell you? >> i spoke with a worker who had been on the line for their entire career, a union member

my nkle was in the cisicitsici uncle was in the sitdown strike that founded the uaw.as been part of this for a long time. >> you talked about the teachers. in 2018 there were 20 major work stop pages involving 485,000 workers. that's the highest number since 1986, in 22 years. this chart to me tells me a lot you need to know about the balance of power between owners and workers, right? >> right. >> those are strikes of more than 1,000 workers year by year by year. >> yes. >> what you see is this very powerful tool just falls off a cliff and then 2018 a little bit of an uptick. >> when it falls off the cliff, that's when people's wages stop going up, inflation. right there. i can see on that chart the various strikes my father was in at general motors. the first technicall one is whe health care was covered. the next one was dental, eye care in the next tall one. it just went on and on like that until all of a sudden every factory workers had four weeks' paid vacation just like the people with better jobs, the workers got to have that. it only came about because of tho

we don't need that in the uaw workers do not need it.president can pick off the labor union voting base pre-because we have elizabeth warren and bernie sanders saying they want to double the uaw membership but at the same time they want to take away their major thing, the reason the unions exist as for the health insurance. >> warren in sanders want to make private health insurance illegal. they want to prohibit any american from having not input everybody into a single government system. that applies whether working on fox, goldman sachs or general motors in putting together cars on the sub assembly line. liz: they warned that you better have a big carveout for union workers in the single player plan. >> it wouldn't be a single player plan it would be a double player plan. if you have uncle sam paying in the unions or the uaw and other unions, and will be single, it'll be government oriented systems and being two-tier or three-tier, multiple tier program other than one big system. i don't like that idea. liz: the immediate even claiming

and from the uaw's that doesn't make sense.gm's perspective they look at the taughe auto workers and you are paid far more in terms of health care and benefits than ford, chrysler and certainly well above what the foreign auto workers are paid. >> always a treat to have you on. thank you very much for that. i appreciate it. back in the world of politics, the president has got a you strategy for reelection and it's taking an interesting geographical twist. he hopes to expand the map not only sending money and resources into a traditionally blue state, but traveling there today for the first time ever as president. we're talking about new mexico and it's a state he lost in 2016 by 8 points, a state where the governor, the lieutenant governor, both senators, every member of congress are democrats. a republican hasn't carried new mexico in a presidential election since 2004. and even then just barely. look at the margins there for former president george w. bush. he beat john kerry by about 6,000 votes. so what is up? why is donald

there was an arrest that was made yesterday of another uaw officer.take a look at shares of general motor, keep in mind they have about 11 weeks worth of inventory. if there is a strike, it doesn't mean that sales stop many the showroom they have plenty of vehicles for the near term. >> it's been a long time thanks very much >>> next big decision on interest rates is less than a week away. this one coming with reports of fed infighting and a prominent official suggesting the fed should get political what can we expect that's next. every curve, every innovation, every feeling. a product of mastery. lease the 2019 es 350 for $379 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back the fed is heading into next week's meeting in a situation unlike any other we've seen. we know fed members tend to agree, in the past much of that is played out behind the scenes. this time it's happening very publ publ publicly at one point two members gave completely opposite views in terms o what to do the president lashed out against the group

. >> ongoing corruption scandal involving leaders at the uaw is raising questions. >> some top uaw officialsessentially embezzled money. >> reporter: the fbi raided the home of united auto workers home, gary jones weeks before the union announced they would be striking against gm. agents looking for evidence jones may have been involved in bribery and corruption, taking golf clubs and $30,000 in cash from his home. no charges filed against the union president. earlier this month, uaw missouri regional director, vance pearson charged with embezzlement. this on top of convictions over a period of two years in which five uaw members allegedly took over $1 million from a union training center. >> i've always been suspicious about the company, especially the amount of money that's been made. the union as well. >> some union members say the corruption allegations are causing them to question the motives behind talks between uaw officials and general motors. >> we don't know what is going on negotiating. >> dozens of factories and warehouses across the country are affected by this strike. analysts

but that's certainly not what they need uaw or any union dupght need to have this type of issue goinged to get rid of the corruption they have internally. >> especially when they're offering, you know, allergy testing chiropractor compare and giving them wage increases. you know, they have a strong offer like i said i thought it was interesting that they put that publicly out there. in the middle of all of this. lauren it is beginning to continue thank you for getting up early on this breaking news we do appreciate it. >> any time thank you. despite strike still planning to roll out the 2020 chevy corvette this fall and car generating a lot of buzz as it goes through most radical change ever like moving engine from behind hood from behind compartment compartment and go from 0 to 60 in under four seconds. gm promising car will be a p takenment base price under $60,000. >> how is 607 grand attainable? >> not a sports car price i suppose. but take a look at gm stock this morning. it is down -- 3%, 3770 a share and tack look at the broader market right here. sharp selloff dow down 107, s&

we had a source send us the uaw letter that was sent to all of the workers right now.the month of september, yes, they are covered for healthcare. we don't know yet for the month of october. every day that the strikers aren't working as well as the teamsters, gm loses millions of dollars. looks like they're not going anywhere. back to you guys. cheryl: kristina, thank you very much. well, president trump fired up a roaring crowd of supporters at a rally in new mexico last night, touting his accomplishments while slamming the democrats and the new york times for relentless attacks on supreme court justice brett kavanaugh. lauren: griff jenkins joins us live from washington this morning as democrats prepare to open an impeachment p inquiry into all this. how far can they actually get? griff, good morning. >> reporter: good morning. here we go. despite many democrats calling for kavanaugh's impeachment, jerry nadler made it clear in a radio interview yesterday that he's not moving in that direction. >> concentrating our resources on determining whether to impeach the pres

uaw members walking off the job at general motors. we've got a live report from detroit. up. >>> and it's official. oxycontin maker purdue pharma filed for bankruptcy protection. it's monday, september 16th, 2019 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange" i'm dominic chu in for brian sullivan. today, let's get right to today's breaking news. a series of attacks on the world's two biggest oil processing facilities in saudi arabia has energy prices soaring with brent crude that world benchmark coming off its biggest intraday move ever in history. prices right now well off of those session highs at one point brent futures were up around 20% right when they opened they're currently up around 10%. $66.05 wti crude, u.s.-based crude markets $59.68 that's up about 9% as well now, as the saudis aim to restore at least one third of their lost output capacity by early this week, that is the current state of play for energy markets. yemen's houthi rebels claimed responsibility for these attacks, saying it was one of

. >> we believe that we presented a strong offer to the uaw. >> on strike more than 50,000 general motors workers are now on strike as of midnight economy, and what it means for you. >>> locked and loaded. president trump issues a stark military warning in response to the attacks on saudi oil facilities as prices spike right now. we're live in the region >>> new details in the brett kavanaugh controversy, but how much did authorities already know >>> and later today, the woman who alleges that she was raped by the informal's antonio brown will reportedly meet with league officials later today. >>> well, remember lead singer of the rock group the cars dead at the ageof 75 >>> and here comes humberto. the latest atlantic hurricane is churning big-time as we kick off your week. "early today" starts right now good monday morning. i'm frances rivera. >> and i'm gigi stone-woods. we begin with some breaking news one of the biggest union strikes in more than a decade has kicked off. members of the united auto workers union at general motors. the largest automaker in the u.s. walking off the job,

benefits and more job security, and now new concerns over how long the strike could last as gm , the uaw, and the white house all denying a report that the trump adminitration intervened in any way to help end it. we've got a live report coming up. welcome everybody. thanks for joining us this is bulls & bears i'm david asman. joining me on the panel today jonathan hoenig, carol ross, steve moore an let's get straight to the gm plant in detroit. where do negotiations stand now? reporter: david they're happening behind closed doors a few miles away from here in downtown detroit and we're not hearing much from them. perhaps that bodes well for gm stock it was down about 4% at the closing bell yesterday today back up about 3%. the strike now, seven hours from entering day three, picketers are right now making a strike salary of just $250 a week, they admit they can't keep this up forever, but they are trusting union leaders to negotiate a deal in their best interest. i don't know about everybody else, but i rely on my healthcare, and i need it. for people to think that we're overpaid, it on

shery: help us understand why the uaw is not taking gm's offer at this point?e way they see it, gm is coming off years of record profits. we just had record expansion in the u.s. auto industry over the past four years. the union's point of view is they helped gm survive they see in 2009 and now it is time for gm to return the favor. of course, gm is worried about the coming downturn in the u.s. we are seeing a slowdown in sales. they are spending billions on new technologies like self driving cars and electric vehicles so they are trying to balance that with the needs of the union. shery: will president trump's constant attacks on gm management sway the leadership at all at this point? keith: president trump had gm's ceo mary barra in for a visit to the white house the week before last. they talked about the negotiation. he has tweeted and commented on this impasse. he's encouraged both sides to get together. he has not been too harsh about either side. he says lots of auto workers voted for him and like him. he feels like he has a kinship to the labor vote. ho

business since the last uaw strike and that was back in 2007. meantime here in new york, a really significant bankruptcy filing from purdue pharma, that is the drugmaker that makes oxycontin. it is the next step in a plan to pay billions of dollars in restitution over the accusations that company helped fuel the opioid crisis. in the settlement, though, purdue still maintains it did nothing wrong. >>> billions of barrels of oil up in smoke. this after a strike on a saudi arabian oil field. president trump says the u.s. is, quote, locked and loaded, but waiting for further guidance from the saudi kingdom on what they want the u.s. to do next. let's begin in detroit with the latest on the strike against gm. tens of thousands of workers, business and politics reporter vanessa is there. what are union workers demanding and will they get it? >> well, that is the million dollar question. they've been here striking since midnight. almost 50,000 across the country, 31 factories in nine different states. if you take a look just behind me, at this plant h

it's disappointing that the uaw leadership has chosen to strike at midnight tonight.negotiated in good faith and with a sense of urgency. our goal is a strong future for our employees in our business. unless an agreement is reached they will join the 850 janitors employed at aramark who are on strike as of this morning. the contract with gm expired last year. eric: the clock is ticking. arthel: joe biden is back on the campaign trail in key states while fighting criticism about the age and the former vp is telling voters in the younger candidates are reacting. that is up next. ♪ yes ♪ hey sean hey dan ♪ my grandparents that i never knew.ch about i'm a lawyer now, but i had no idea that my grandfather was a federal judge in guatemala. my grandfather used his legal degree and his knowledge to help people that were voiceless in his country. that put a fire in my heart. it made me realize where i got my passion for social justice. bring your family history to life like never before. get started for free at ancestry.com wit looks like jill heading offe on an adventure. jil

amount of bipartisan support and if you are with me and tendency you got that uaw and teamsters farm bureau and chamber of commerce and everybody is saying put it on the board and call the vote but i've had democrats tell me they think it will get about 300 votes in the house and a very positive about it. i don't know if that's the right number or not but there's a lot of support in the senate but pelosi ought to put it on the . steve: what is she playing out? >> i think the challenge or the good news for americans right now is it would be a boost to the economy for like 160,000 jobs with a billion dollars permanent gross to the economy so it would be a win for americans but that's also why you could see nancy pelosi not wanting to move forward because it's a win for americans and if it's a win for americans is also a win for president trump and sadly that is what is at issue with democrats and nancy pelosi and that is the reason why nancy pelosi would want to spike it right now and wait for after 2020 tonight present from that victory. by denying americans that victory as well which

the uaw can penalize them if they cross the picket lines. that and they can contact us about what their rights are crossing the picket line if they want to work for gm. heather: hopefully they're listening to you this morning. mark, thank you so much. we appreciate your time. >> my pleasure. thank you. heather: the time now is about 15 minutes until the top of the hour and it's no super bowl ring but colin kaepernick just won another major award. we'll have details. bernie sanders feeling burned out, why the vermont senator is taking some time off from the campaign trail. ♪ born to be wild. ♪ we can ride so high, never want to die. ♪ worn to be wild. heather: welcome back. a fox business alert t attack on a saudi oil facility could have you paying more at the pump. tracee carrasco is here to explain the 'we are seeing stock index futures pointing to a lower open this monday morning as crude pricing surging at overnight highs of about 15.5%, this following an attack on the state-owned producer, saudi aramco's crude processing facility. saudi

breaking news from the uaw.e had been discussing the fact that contracts were set to expire on saturday with the potential first strike at general motors in a dozen years. contracts have been extended indefinitely. this affects general motors, ford, and feel chrysler. the extension can be removed ith three days notice, but is now being extended ahead of the satellite deadline, so presumably talks continue, and it looks like a strike this week and maybe averted. we work is not backing down from its ipo plans. a look at some of the changes the company is making to counter the doubters. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn in new york. amanda: i'm amanda lang in toronto. is moving ahead with its ipo but making a number of moves anxiety herestor in the office leasing company is revamping its stock structure, announcing a lead director by the end of the year, and will bar ceo family members from sitting on the yours. with us with some of the details are our reporter. the obvious

i think the biggest impact of that is does the rank and file really trust its uaw leadership. >> reporter: gm took the unusual step this weekend of publishing its offer to the union, in effect, going over the heads of the uaw negotiators. more than $7 billion in investments, creating more than 5,400 new jobs, boosting pay, lump sum bonuses, and improved benefits. now without an agreement, workers are looking at strike pay of just $250 a week, far less than what they've made on the job. >> how long have you worked at gm? >> i've had 34 years at gm. >> it's come to this. >> it's come to this. >> kind of disappointing. >> sure is. >> reporter: while gm may hold the upper hand in this, a strike is not painless. various estimates peg gm losses at $350 million per day until the strike is over. dean reynolds, cbs news, detroit. >>> well, president trump went on the attack against "the new york times" after it published a new allegation of sexual misconduct against supreme court justice brett kavanaugh. over the weekend the "times" ran an excerpt from a new book written by two of its reporters. i

the uaw releasing its own statement, any white house intervention is news to uaw. meanwhile people here on the picket lines say they're not asking for much. >> we should be fair about it. how about come to reasonable compromise, how about that, instead of give or take, pull and take and give. let's come to a reasonable compromise. that is the only thing that we're fighting for. we're not trying to get rich. we're not. we're middle-class americans trying to take care of our families. that's it. reporter: what will it take to get that compromise? we're told one thorny issue is gm's presence in mexico. gm pushing back on that today, pointing out jobs at three u.s. plants grown much faster than the three sites in mexico. as for talks going on just a few miles from here. no major developments we're aware of. they do happen behind closed doors. it looks like we'll see more of this in the days ahead. melissa. melissa: grady, thank you? connell: more on gm now. years ago general motors would go on strike we would talk about the economic impact of it. i saw numbers in 1998,

this is what they had to say. >> the uaw is looking for leverage. of issues obviously with the plant closings, or idling, i should say, at general motors. they are looking at general motors' profits. i think they think that pre-authorizing this strike is a way to kind of level the playing field. david: part of the reason they need to level that playing field, as you may recall, there is criminal investigation into the uaw that included the fbi rating the home of the leader of the uaw and a former leader. surveyors -- so there's a lot of rank-and-file saying they are not sure we can trust the union in their discussions with automakers. coming up, we are minutes away from the latest u.s. retail sales. bonds are continuing to selloff in the wake of the news about trade and the hopes which are springing eternal. live from new york, this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there i

after uaw struck back in 2007. workers said they made sacrifices when the company needed it. they're seeking better pay and better health care, among other things. gm posted about $8 billion in profit last year. vanessa kavich is in new york. you are following this. tell us about the talks and how they're going at this time, vanessa. >> reporter: hi, brianna. these talks are happening about ten minutes down the road from where i'm standing and a source close to the negotiations saying a meeting is very tense. very tense were the words that this individual used. and as negotiations are going on today, in the meeting they've already set future negotiations dates suggesting this will probably drag on a little bit longer, and this comes after uaw and gm did not reach a deal to extend many of these workers' contracts behind me. gm saying they put together a really fair and strong deal, but uaw saying it's not good enough. i spoke to a gentleman earlier who talked about the stresses that he has of working in this job and also the financial stresses as well. take a listen to what he

the one unique one that they've never had is a widening corruption investigation for the uaw.nd that's really important because the oems, when you reach a tentative deal the oems are relying on the union leadership to sell that to their rank and file and so i don't think with that corruption probe, it doesn't weaken the uaw's negotiating power but what it does do is weaken the loyalty and the trust that the rank and file have in the leadership so this is going to be really interesting because gm has taken a bit of a hardball approach and at a minimum it doesn't build goodwill with the rank and file and at worst it angers them and makes them dig their heels in. >> so do you think this is going to go on for quite a lot longer then >> well, it could go on. gm took a very -- they broke protocol in which they talked about the proposal that they put on the table and that's important maybe they were frustrated because of the strike or maybe because their message wasn't getting out. but the question is where do you walk back from there and that's i think a bit of the corner that they'

. >> reporter: however, uaw leaders argue workers helped save the company when it filed for bankruptcy protection in 2009 and now want that loyalty to be reciprocated. >> they stood up for that company. and now they want that company to stand up for them at the table. >> reporter: the nation's largest automaker now brought to a standstill dan schenamen, nbc news. >>> supreme court justice brett kavanaugh facing new scrutiny this morning over allegations of sexual misconduct from his time at yale. nbc news has confirmed there was another alleged incident reported to the fbi last year but that it was not investigated now several democratic presidential candidates are calling for his removal from the bench. nbc's tracie potts joins us from d.c. with the latest tracie, good morning. >> gigi, good morning. kavanaugh isn't talking about this president trump is he's defending cavanaugh the book that brought it to light is coming out this week. the book summarized in an op-ed says kavanaugh exposed himself to the woman 30 years ago. the woman declined to be interviewed, and friends say she doe

the uaw also representing workers at ford and fiat chrysler, the uaw's deal with gm will likely serves the model for the uaw's future negotiations with the other carmakers. >>> up next, will the likes of james comey and andy mccabe ever ever be brought to justice? they say no. the justice department, well, they're not so clear on it. let's find out what's going on. i will be talking with congressman gomer next, right after these quick messages. stay with us. every cookie sold in the girl scout cookie program helps girls learn life long lessons in people skills, decision making, money management, goal setting and business ethics. its amazing how much you can learn from a cookie. the girl scout cookie program. think outside the box. lou: justice department inspector general michael horowitz is on capitol hill today. horowitz says house democrats have yet to ask him to testify about his report on james comey. they haven't asked him about the up coming report on fisa abuse. fired former fbi director andrew mccabe he settled things for everybody. he told cnn last night he won't make a plea

meg oliver, cbs news, new york. >> the last uaw national strike was in 2007. >>> could a smart phonepp help reduce gun violence? that's one of the options on the table tonight as the white house hammers out its proposal to address the gun violence problem. senate source familiar with talks say the app would allow private sellers to connect to the criminal background check system. as it stands now, there are no federaly mandated background checks for sales, most of the options considered involve beefing up background checks. there's also been talk of applying bigger penalties when somebody buys a gun for somebody else. at one point this summer president trump said he's open to expanding background checks but later he backed off of that under pressure from the nra. >>> meanwhile, a new video from the nra is calling out san francisco for labelling the group a terrorist organization. the nra has sued the city in federal court but one city supervisor tells kpix 5 political reporter melissa caen, it's all worth it to make a statement on gun control. >> dear san francisco. >> dear san franc

they're here in protest because uaw and gm failed to come to aagreement. they joined 50,000 gm workers a cross the country. gm said they made a strong and fair offer but uaw saying that is not enough. they're asking for better health benefits, a higher starting salary for their employees, and they're asking for more job security including at this plant just behind me slated to go out of production in 2020. that's part of the contract to get a vehicle for work earls to work on. i spoke to a gentleman whose father worked here, whose daughter also works here and he says, hey, we are not asking for millions of dollars but just asking for decent pay. >> once you get in here, it's pretty hard to leave. i mean, it is a good paying job and good benefits and we'd like to keep it that way. and i think that one of the main reasons is if you pay the people good money this is what's going to grow an economy. not paying the rich guy, making the big companies richer. that's not going to grow an economy. you have to pay the people. pay them decent. that's all. decent. >>

. >> reporter: however, uaw leaders argue workers helped save the company when it filed for bankruptcy protection in 2009, and now want that loyalty to be reciprocated >> they stood up for that company. and now they want that company to stand up for them at the table. >> reporter: the nation's largest automaker now brought to a stand still. dan sheneman, nbc news >>> energy prices spiked after drones strike the heart of saudi arabia's oil industry. president trump responded to the attack saying the u.s. is locked and loaded, claiming they know who the culprit is secretary of state mike pompeo blamed iran, but they're denying any responsibility instead, yemen's houthi rebels are taking credit for the strike say thanksgiving launched the attack with ten drones this escalates tensions with iran even more >> good morning, frances well, it certainly does raise the stay, doesn't it a series of azen attacks on the beating heart of saudi arabia's oil production, hitting the world's largest petroleum processing plant and disrupting over half of saudi's oil outpit. you know surprisingly, the att

workers who rely on the uaw's strike and defense fund will only receive benefits including medical anddrugs. the fund does not cover dental, vision, hearing, and sick and accident benefits. lauren blanchard, fox news. lauren: investigating the investigators. the senate judiciary committee panel grilling top officials from the justice department and the federal trade commission over their anti-trust probe intuse the nation's largest tech companies. cheryl: edward lawrence has the latest from washington. edward, good morning. >> reporter: good morning, lauren and cheryl. senators talking big tech but also mergers that have been approved as well as if the white house influenced any investigations and the answer from the justice department head of anti-trust is they've had no contact with the white house on their anti-trust investigations. the ftc chairman says his agency formed an anti-trust task force that is focusing on the big tech firms. he says that task force is the one that built the case leading to the record $5 billion fine against facebook for misleading users over privacy. he c

it is the largest strike by any union against any american business since the last uaw strike that was in 2007. our business and politics reporter vanessa joins us again this hour live from detroit. i mean, this is intense and it is significant that these workers have all come together to take this move. >> reporter: yeah. good morning to you, poppy. just as uaw and gm are meeting behind closed doors this hour, we are seeing tens of thousands of gm workers out on the picket lines this morning, about 50,000 across 9 different states. now, this issue is really because of a contract negotiation that they cannot come to an agreement on. gm saying that they provided a fair and strong contract. but uaw saying this is not going far enough, they want better health benefits, a better starting salary for their employees and they want job security. now, this plan is particularly interesting because this is one of a couple that are slated to close at the end of 2020. part of this contract negotiation is trying to get another vehicle inside this plant for workers to work on. we have also heard from

susan: uaw auto workers are reaching their 11th day.rs across the country are running out of repair parts. grady trimble live in detroit with the very latest. reporter: anyone who drives a general motors vehicle if they take it in for service they might have to wait a little bit longer because we talked to dealerships that tell us they don't have the parts. the plants where at the get part from typically, have them delivered to dealerships they're idled while the striking workers are on the picket line. in other news we first told you last week that general motors said it was going to stop paying for health insurance coverage for the striking employees. we learned today it is reversing course. the reason gm did that it seemed was to kind of squeeze the union to pores them to pick up the tab. it also caused the workers to lose their vision and dental insurance and it caused a lot of confusion. today general motors says it is keeping all the benefit fully in place. now the uaw wasn't exactly thankful for gm's recent decision. they put out

the uaw vice president says their demands need to be met during these negotiations.er: we don't have that sound bite. the important part from all of this is that the workers that are here behind me, there's about five of them at this location, there's 11 gates all around. so they're disbursed right now. it's very, very early in the morning. you're having a shift-over, some work the 4:00 a.m. to 8:00 a.m. shift. they have said they're going to stand here until this is over. negotiations are set to resume at 10:00 a.m. eastern time in detroit. should this continue for weeks, which we haven't seen in 12 years, they would get paid about $250 u.s. a week from the union. that's it. back to you. maria: thanks very much. kristina partsinevolos this morning. turning to the saudi oil attacks, the twin drone strikes happened saturday. it's sending oil prices soaring this morning, intensifying mideast tensions. houthi rebels claimed responsibility for the attack. the u.s. is saying iran is behind it. the u.s. released satellite photos, take a look at the photos showing points of

the uaw was the same. any white house intervention the spokesperson says is news to the uaw.he port is watching as negotiations are ongoing. he chimed in yesterday. he didn't pick a side. he suggested federal mediation or intervention is always possible. as for the status of those negotiations, charles, there is still no end in sight. charles: grady, thank you very much. of course we'll have much more on the market as we do look ahead to the federal reserve tomorrow. plus investors reacting to the latest update on oil out put. president trump seemed to back away from the lock and loaded statement. so stay with us. we'll be right back. tv announcer: it's just as powerful as the lexus rx... as many safety features as the rx, the new... the lexus rx has met its match. if they're talking about you... you must be doing something right. experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. lease the 2019 rx 350 for $399 a month for 36 months. experience amazing at your lexus dealer. doprevagen is the number oneild mempharmacis