employee and a former leader of the united auto workers union he joins us live from madison heights in michigan frank umma g.m. is plans seem pretty drastic closing five north american plants laying off fifteen percent of its workforce what do you think g.m. is doing this now so we have to consider that in twenty nineteen there will be a negotiations between the u.a.w. and general motors and i believe that this is going to be considered as part of the opening salvo by general motors for those contract negotiations but clearly there are changes that general motors is making in they not they may not be considering the fate of the workers in this in this proud of the earth yeah and g.m. says part of its strategy is reinvesting money away from cars and putting it into technology as a form of jim employee what do you think of that strategy so i think the most important thing the general motors is doing is the electrifying its vehicles i do not know what the technology direction they're going in but the electrification of vehicles is a very good move but i think that it ought to be another t

had a multi-billion dollar bailout paid for taxpayers and the united auto workers pointing out look i mean you can't just now maximize shareholder value at the expense of workers we saved you the taxpayer save you there's a great really really strong statement from the u.a.w. james production decisions in light of employee concessions during the economic downturn and the taxpayer bailout from bankruptcy puts profits before the working families of this country whose personal sacrifices stood with g.m. during those dark days they say it's a slap in the face of the memory as we recall the historical american made bailout we must step away from the anti worker thinking of seeking simply the lowest labor costs on the planet but that is exactly what g.m. is doing it's a continuation of that race to the bottom which is a mark of capitalism globalization whatever you want to call it the shareholder value comes first the plight of workers is very distant second if it will be very interesting to see how president reacts to all of this when it she had given his talk about jobs jobs returning to

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days that these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeing simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a blow to don't trump he said his corporate tax cuts would help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in

the united auto workers reacted to the plan cuts in a video statement released late tuesday urging the company to invest in the u.s. >> it's as simple as this. when general motors needed us, we were there. now general motors needs to be there for us. >> reporter: gm says the moves are needed to position itself for a future that includes electric and driverless vehicles as well as suvs. the company says it remains committed to a strong manufacturing business in the u.s. kenneth craig, cbs news, new york. >>> the taliban claimed responsibility for a roadside bombing in afghanistan yesterday that killed three american soldiers. it follows the death of an army ranger in a firefight last weekend. charlie d'agata has more on yesterday's attack. >> reporter: u.s. forces have waged fierce battles against the taliban for months, a fight that cost the lives of more american soldiers. a defense official told cbs news a powerful roadside bomb struck a u.s. military convoy. attack helicopters flew in to support the evacuation of the wounded. the bombing happened where u.s. forces have been working

gm still has to work out a deal with the united auto workers union before it can formally close a plant and the uaw is vowing to fight. nikole killion, cbs news, the white house. >>> voters head to the polls in mississippi today for a hotly contested runoff election for the u.s. senate. president trump was back on the campaign trail yesterday holding rallies for the republican candidate. laura podesta is here in new york with more on that. good morning. >> reporter: good morning. the republican candidate who is white has come under fire for a recent remark about a public hanging. and an older photo where she's seen wearing a confederate hat. her democratic opponent who is black most recently tweeted that his campaign is about bridging divides and bringing people together. three weeks after the midterms, mississippi is holding a runoff election today for the final senate seat up for grabs. republican cindy hyde-smith, a senate appointee, is in a closer than expected battle with democrat mike espy. both hope to fill the final two years of retired senator thad cochran's term. >> for anyone

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said.

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dark days that these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeking simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a bloated all trump he said his corporate tax cuts will help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeking simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a bloated old trump he said his corporate tax cuts will help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g.m.'s

the united auto workers certainly wasn't pleased with that and that plant by the way i think i read that it was opened in one thousand nine hundred fifty three and for you those canada files let's get a lease birthday and for the auto guys that was the first year of the chevy corvette one nine hundred fifty three some weird knowledge i have but many are calling this news pretty devastating and our need to keep in playing the blame game what can you tell us about that alex well that you know we're talking about twenty five hundred jobs as you mentioned in this is the asha what plant nine hundred fifty three is a city outside of toronto which basically depends on auto market manufacturing this is devastating for the city so obviously the premier doug ford who is probably remember rob ford the mayor of toronto this is his brother he's the premier of ontario did everything that he possibly could to turn things around offering cheaper electricity offering tax incentives he said this is a no go these guys plant a year ago to come out when it comes to justin trudeau many people attack him but t

it is also worth keeping in mind that gm has union labor it negotiations with united auto workers comingp next year. certainly the future looks weak. two of them are transmission plants. the other our assembly plants. sedan sales in the u.s. have been cratering for gm and the rest of the industry. part toplan on gm's make some drastic changes to its north american production footprint to make more as uv's and trucks and get right before a downturn. nowtalking about doing this while it is still a healthy potentiald avoiding a for a further slumping of sales in the u.s. and china, which we have seen in recent months. i was about to ask you that question about the economic cycle. is there a hint she believes this is as good as it gets in terms of demand stories. will demand get more difficult going forth? she is hinting at that. craig: the u.s., it is easy to say the facts are be -- the fact is behind us. in 2016 we saw sales peak. sales have been ok in the u.s. market, and historically speaking, very strong. they will finish the year north of 17 million. that is a strong showing for the ma

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days that these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeing simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a bloated old trump he said his corporate tax cuts would help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g.m.'s

the company still has to come to an agreement with the united auto workers union before it can closeny plants. the uaw is pledging to fight. >>> tens of thousands of thanksgiving travelers are still trying to get home after blizzard conditions grounded planes and m all that foul weather is now moving east. dean reynolds has the story. >> reporter: a driving snowstorm in exactly the wrong spot at precisely the wrong time put the brakes on weekend travel. chicago's o'hare international airport was in the middle of a post thanksgiving heartburn that left thousands waiting in vain for a way out of the whiteout. >> it's more than frustrating, actually. >> reporter: tracy falco tried and failed to reach florida. >> it's over an hour wait just to try to rebook your flight. >> reporter: stories of the ditched, dented and demoralized in the midwest were a good primer for what to expect as the storm lumbered east into new york and new england where inooding could become ianotstol in illinois, calls for h >> the flakes were as big as your hand. >> reporter: 45 to 50-mile-an-hour winds made inte

we are entering a contract negotiation hit with the united auto workers.he union was various and have signal -- furious and have signaled they are going to find new products for these plants. guy: is there a question as well about mary barrow's strategic plan for this business? essentially what she is doing is pointing gm to becoming a service company, a company that produces cars that basically makes its revenue stream from offering a service around them. how is the analyst community greeting this idea and is a completely on board? keith: investors love to this news yesterday and jeff that the stock. all the analyst reports today has been very positive. they feel what she is doing is creating a stronger cash flow that will fund this future of services built around self driving cars and electric vehicles. you need to sell a lot of pickup trucks and a lot of suvs today to make the billions required to develop those products for the future. guy: thank you very much. keith joining us on the latest surrounding gm. still ahead, where is mark zuckerberg? lawmake

the united auto worker's union vows to fight these cuts. now, cnn's richard quest, our business editor at large. and you were making -- not just shuttered, they've been unallocate e unallocated. >> this is the awful part of their announcement. it goes through the way that gm believes they'll need resources through the next 10, 15 years. it says, we allocate this and this. and then it says at the end, the following plants will be un-allocated. >> instead of being shut down, trying to soften the language. >> exactly. you've not been fired, you've been un-allocated. which i thought was an extraordinary way to put out such a strong announcement. but gm says these moves are necessary for the car company to remain competitive particularly as it moves to autonomous or semi-autonomous vehicles, and also as it moves towards suv. >> this has to be devastating for these communities, ohio, michigan. these are places that went for trump in 2016. and if he wants to win again in 2020, is that going to prove to be problematic? >> i think he's going to have

riverside who are being forced out with a new housing and the revamped housing as opposed to what the united auto workers did in memphis tennessee when they moved into, when they moved in a build housing. they built all the housing in west nashville, put together by ford, ford and uaw got together to build housing and they could afford to housing. the same thing happened in culver city, california,. >> what is the question? >> what can we do to stop people like oracle from coming in and usurping us and grooming are ethnic neighborhoods inner-city? >> just briefly, wonderful things we are just a lowly tech company seeks to the fire on is diversity of hiring, education, programs in the community and community integration. we are asking a series of questions that get directed properly at housing and don't ask for a suite of other things for them to do. there's absolutely no obligation to wire from the i community, actually an obligation to within the community and an obligation to build in a way that is respectful to what has existed prior to that and doesn't create a huge amount of displacement. th

. >>> members of the united auto workers say they will use every legal option to fight gm. this is after general motors announced plan to shut down five of its production plants including two in detroit and ohio. >> this country has done a lot for general motors. you better get back in there soon. >> during his campaign, president trump emphasized he would push for more auto jobs in ohio and michigan but the president of gm says americans are shifting their focus from cars to suvs and trucks. so there is less demand for cars including the chevy cruz, the vault and the apollo. general motors says it will cut 15% of its total workforce. that includes 8000 white-collar positions and 6000 factory jobs. >>> the reality is this is just a corporation, a greater corporation trying to make more money off the backs of employees >> some of the workers who have been laid off were given, or were offered buyout packages earlier this year. some production workers could be transferred to other factories. >>> a former state assemblyman is accused of fraud. 76 terrence patrick goggin has bee

. >>> members of the united auto workers' union will use everything it can to fight general motors to shut down two five of its production plans. >> this country did a lo>> pres will push for more auto jobs mo americans are shifting their focuses from cars to suvs and trucks. so there is less demand for cars, including the chevy cruze and the impala. they will cut 8,000 white color jobs and 6,000 employee jobs. some of the workers being layoff have been offered buyout package cans earlier this year. and some of the workers could be transferred to other factories. >>> apple trying to defend its title as the world's most valuable company. for a short time yesterday, mike shot of shares briefly passed apple as the two rivals competed for that top spot. but when the market closed. apple was back in the number one position. last time microsoft was worth more than that was in 2010. >>> does not only judge judy preside over her courtroom but also is very uninfluential. she is the highest paid than any other television show. judge judy is number one and then ellen degeneres and then dr. phil

the united auto workers has strong words for gm. in a statement the labor union says in part, quote, production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy puts profits before the working families of this country whose personal sacrifices stood with gm during those dark days. these decisions are a slap in the face to the memory and recall of that american made bailout, end quote. >>> happening now, we will soon learn more about an officer-involved shooting in san jose. chief eddie garcia is about to speak, this is a live look from the san jose police department where they are setting up for a news conference. now, the shooting itself happened on friday at a home on baro court, police say a man opened fire at officers, then barricaded himself inside a house. at least one officer fired back, hitting the suspect. officers arrested him and took him to the of the hospital with nonlife-threatening injuries. >>> we are just finding out a one-year-old richmond boy was killed

the affected plants could resume production but that depends on contract negotiations with the united auto workers union next year. investors welcomed the news of lower costs sending the company's shares hires. the five gm plants will help production next year. back to you. >> ed: thanks for that report. new numbers from the department of homeland security on the use of tear gas at the border. they say that during the obama administration it turns out they used tear gas a lot of times that a lot of folks have not told you about it. we have the facts, we will tell you all about it. meanwhile, trump officials are slamming russia tonight. now it's the secretary of state issuing harsh words for moscow in the wake of a dangerous escalation with ukraine. the president himself weighing in earlier. >> would let our position be known, and we are not happy about it. >> ed: what, if anything can the u.s. do to ease these tensions? we will ask cia station chief after the break. ♪ ahhh!! treat your cough seriously with robitussin cf max. nothing lasts longer and treats more symptoms for your cough, col

the united auto workers union is vowing to fight the chainges wih every collective bargaining avenue. general motors shares are up. trading was briefly halted before the announcement but closing the day up about 5%. let's go and see how the dow is doing. up about 1.4%. it's been up all day after a very tumultuous week last week. 342 points. we'll keep an eye on that and the moves in oil. that is something we're keeping a close eye on because oil is now pushing down toward $50 a barrel. that's a bit of an issue. it starts to put pressure on american oil producers. a lot of the added american oil production comes from fracking. and fracking is more expensive than drilling a hole into the ground and having oil come out. so while the president has been tweeting and talking about wanting lower prices for oil, it may not actually be the best thing. that wraps up this hour for me. i'll see you back here tonight at 9:00 p.m. eastern sitting in for racho olel on the rachel ma show. thank you for watching. "deadline white house" with nicolle wallace starts right now. >> it's 4:00 in new york. a

. >> reporter: being criticized by the united auto maker's union who says they will fight anyway possiblejobs eliminated. a bhauping 15% of the company's work force. five plants slated to shut down by next year. warren, ohio and detroit. >> we're going to come back hard and try to convince them that a modern plant is arch asset. >> reporter: gm siting a shift to focus more on automation. the company announcing they're eliminating the cruze, and cars. >> i am not happy with what she did. that car is not selling, the chevy cruze. but hopefully she's going to >>heredentru also posi asked if inkreetsed tear terrorffes are to blame. >>eporr:noed n was not sell la. quote increased import tariffffes could lead to a smaller gm and this has cost them $1.4 billion. they plan to expand operations. about 3,000 will be eligible for the new positions. >>> and president trump is hoping his laeskt hour wing will send enough enough enough enough hyde-smith to the senate. the president defended hyde-smith, despite her coms,co gh challespy who's trying to be the first black governor since reconstruction. >>

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeking simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a blow to don't trump he said his corporate tax cuts will help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g.m.'

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days that these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeking simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a bloated old trump he said his corporate tax cuts would help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g.m.'s

it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this country whose personal sacrifices stood with g.m. during those dog days that these decisions are a slap in the face to the memory and recall of that historical american made bailout we must step away from the empty work of thinking of seeking simply the lowest labor cost on the planet g.m. exceeded expectations with better than expected third quarter earnings of two point five billion dollars boosting shareholder value and monday's announcement led to a further rise in its share price g.m. says it will save six billion dollars in cash as a result of the restructuring this is a bloated old trump he said his corporate tax cuts would help save the u.s. as manufacturing industry the president has repeatedly boasted about his role in g

. >> now not surprisingly, the united auto workers union is not happy with gm's decision. uaw president gary jones urged the automaker to quote invest in the american citizens who invested in you. >> dean reynolds, thank you. >>> former trump campaign % chairman paul manafort is strongly denying any connection with wikileaks founder julian assan assange. a british newspaper reports manafort had secret meetings with assange before his website published emails from hillary clinton's campaign. wikileaks is also denying the story. paula reid is at the white house. is special counsel robert mueller zeroing in on this idea that somebody in the trump campaign had contacts with wikileaks? >> he is indeed, overnight we got new details about exactly how and why mueller is honing in on wikileaks. we've learned that the special counsel is looking closely at whether or not any of the president's associates had advance knowledge or coordinated with wikileaks on its release of hacked emails during the 2016 campaign. specifically, the special counsel is looking at email exchange between t

coupon off their taxes, and it provides incentives to hire american workers in the united states"the united auto u-a-w group posted this video on facebook monday. "it's time to tell general motors they need to build product where they sell product. "the white house says it spoke with g-m's ceo about the decision and discussions remain ongoing.in washington, i'm mark meredith. let's take a look outside right now... chief meteorologist lawrence karnow joins us now with the four zone forecast. lawrence karnow: another storm brought more rain to the bay area today. rain will turn to showers overnight. on the radar you can see the storm moving through the bay area. snow will be heavy over the sierra through friday. winter storm warnings and winter weather advisories are up for the western slopes of the sierra and the greater lake tahoe area. showers will continue tomorrow but a strong storm will bring heavy rain and gusty winds tomorrow night and into thursday. more rain is likely this weekend. in sports... we look back in sports... weekend.likely this more rain is thursday. night and into thursday.

members of the united auto workers union believe companies will continue to move manufacturing to mexicocheaper. general motors announced to close plants in michigan, ohio and canada. taking a look at the numbers this morning, they have been up and down. no big moves today but throughout the week as you know, there's been some big swings for stocks. here's a live look at the big board. dow jones just slightly 15 15 points. the nasdaq and the snp 500 both still hanging on to gains which the nasdaq is up about a third of a%. at&t is getting into the streaming video business. the company planning to launch a new streaming service next year coming in three versions and feature original movies, television series and hbo. at&t wants to compete directly with netflix and hulu. the pricing has not been announced. >>> uber is changing the way it calculates rates for drivers. the new rates will factor in time and distance instead of just distance. the change is to discourage drivers from cancelling short trips. some drivers cancel because they don't make as much money but they still have to spend t

auto industry. where are we today? we have been at or near record levels here in the united states auto industry for sales and manufacturing, and for exports. it has been a great run since the financial crisis, but there is probably some headwinds here. we are seeing the interest rates start to creep up, and we are probably at a point in the automobile cycle where we are fairly mature. but i do have to observe that the uncertainty in the current trade environment create some significant headwinds for the u.s. auto industry. senator portman talked about a couple of them, and let me just talk a little bit. terrace on steel and aluminum as a result of the -- tariffs on steel and aluminum have increased the cost of automobiles in the united states, making us less competitive to other automobile sectors around the world, and yes it is a competition and we want to win that competition. not only is the cost of production going up, but that means the cost of vehicles will also go up. this is already, and we are seeing the challenges of misapplied 232 tariffs and their impact on the automobile industry. senator portman talked about

get that messaging across to show long term this will be an effective strategy for the united states and the autondustry. liz: you guys are terrific. the ukraine says it fears a land invasion by russia. russia claims the showdown at sea is nothing but a stunt by ukraine to get the message out. liz: the president of ukraine warning his country is under extremely serious threat. that's a quote. of a land invasion by russia. that's yes says he had to declare martial law for 30 days in regions adjacent to russia. put requires accusing ukraine of playing a quote dirty game. he's claiming the sue crane staged and faked the naval incident that led to the seize our of three ukrainian ships with the crew taken prisoner. >> we have to go back to when vladimir putin enabled those russian separatists who are paramilitary to go in and take over crimea. that caused concern for the ukrainian government. now' with the incident this week we have a dream of navigation issue and their ability to get their experts or imports in. vladimir putin said his greatest disappointment in the 20th century isn't. we have to ta

i'm upset at why they're still in business, vicky: back in july, the investigative unit first uncovered that irvine autoch also goes by the names stride, pride, and modestow, was operating without a permit the day lilianna was killed, which is illegal, according to the chp. two months earlier, state regulators had already suspended irvine's permit after finding a string of safety problems, including hiring unlicensed drivers, towing cars without safety restraints, and failing to have insurance. the preciado family has now filed a lawsuit against the towing company and state farm insurance, accusing state farm of negligence for hiring irvine to tow for its customers. vicky: do you think state farm put public safety at risk by hiring this company? vicky: attorney chuck geerheart represents the preciado family. chuck: insurance companies like state farm have access to all kinds of sophisticated databases. they can tell you in a minute whether an individual driver has any blemishes on their record. they would certainly know whether modestow, dba pride towing, had performance problems. vicky: we reached out

unit. he apologizes for not being here today. i want to echo some of the themes of the chief and deputy chief's presentation. in order to address major crime problems like auto burglary and property crime, we need to be data driven and collaborative in our problem-solving approach. to that end, the district attorney created the crime strategies unit in 2014 to use data and technology to identify crime drivers and get to the root of crime problems. csu is a multidisciplinary team of neighborhood prosecutors, analysts, like me, and investigators that use data technology and collaboration to find out what is driving crime, who is driving crime and develop innovative strategies to address the root causes of criminal activity. c.s.u. chief likes to say that the neighborhood prosecutors are the general contractors of the unit. they determine which resources, partners and strategies to deploy in order to address crime problems. the neighborhood prosecutors predate the implementation some of you may remember. they were one of the first initiatives when diego came to office in 2011 with the objective to get prosecutors out from behind their desks and into the communi

we have the auto sector trading down as the report talking about the idea that the united states may look to impose auto tariffs on europe. that decision could come as early as next week. the mining stocks trading low. some of the apple suppliers trading down. there are plenty of idiosyncratic corporate stories. the euro-dollar is trading down. rally, the btb market is not convinced on whether italy will deliver on promises being made. cable prices also trading down. earlieroster telling us on, we are not convinced that she will be going anywhere near theresa may's deal. we will talk about that in a moment. abigail: we are looking at choppy trading. , s&p 500ok at the dow and the nasdaq. andre seeing small gains losses, but earlier we had nice gains. the dow down .9%. this is after the rally. not a lot of conviction on the part of investors. we see some underperformance in the commodity index. down .4%. let us hopped into the bloomberg and use the global commodity function. on the screen,ed helping to explain the overall decline. it is down almost 1%. a bit of a recovery, some of it h

unit of blackstone. a financial company. it does have some stake in subprime auto loans. potentially fiat chrysler may bid for that company. there's also a lot of news in point is there is. trade takes the spotlight. for more on what's happening we are joined by michael mckee, bloomberg's international policy and economics correspondent. so far we had most if not all the leaders, with the exception of one join. merkel cominga late because she had airplane problems. got on a commercial flight from the dreaded to buenos aires. president trump was supposed to meet with her this afternoon and said they would meet tomorrow. it has been a day to talk about trade. the potential for a trade deal with china is on everyone's mind. this morning the president joined with the prime minister of canada, justin trudeau, and the president of mexico, at least for the next 12 hours, and they signed the nafta accord. setup up to be signed by their trade ministers. nafta 2.0 is now not effective because it has to be ratified, but the beginning of the end is insight. always a story that goes o

auto tariffs. she has threatened that if the united states goes forward with auto tariffs on the eu, the eu would fire back at the u.s. what i would say to you is right now, the sides are talking. remember, there was a big trade meeting over here at the white house yesterday, it was characterized to me the status quo with all of this remains the same considering that the discussions are ongoing. liz: threats can work both ways. blake, interrupt us if you get anything else. thank you so much. the trump trade wars not leaving everyone hanging, that's for sure. with the closing bell ringing in 45 minutes and the dow down 45, one company is speeding past the trade winds. advance auto parts ringing up a third quarter win and raising yearly guidance yesterday, but how are they doing it when the trump administration has slapped tariffs on more than 100 china-made car parts? tom greco is the ceo and we will ask him, because he's here joining us exclusively next. i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own in

whether the united states should slap auto tariffs on automakers.resident trump taking up the issue with advisers after side studying the impact they have on national security. he previously cited concerns to justify tariffs on other foreign goods. the trade war said to brace yourself. they can more than double the tariffs imposed as they make major concessions on an array of economic and trade issues. they said the current first lady seems content of going it alone. they said help was just a phone call away if she needed it, extending a courtesy. laura bush offered her the same during the transition. she said mrs. trump has not called or reached out. she asked who she would like on the democratic ticket in 2020. >> i think at this point everybody is qualified and everybody should run. i might even tap sasha. sasha, you got some free time? i will be looking closely at who handles themselves with dignity and respect so by the time people get to the general people are not beat up and battered. >> i don't have my obama birthday book, but i believe sash

pushing in the same direction to make sure we're making and manufacturing things in the united states. not just in autoaving a robust and kind of a targeted training program that are modern. our training programs aren't modern. we need to engage these workers and bring them through a training process. i also think we need wage insurance while they're going through that process so they're not taking a big hit. but we need to be innovating on the governmental side to be able to create the public/private partnerships. >> you could also argue there's an onus on the corporate side to do it themselves. big telecom companies have retrained their workers realizing the future is different. there's an onus on the private sector. before you go, i have to ask you about nancy pelosi and the future of the leadership. you're the one who ran against her in 2016 and got 63 votes. your fellow member of congress kathleen rice said you and she and other members of congress were in a meeting with pelosi on wednesday and you brought up to her, the group, the importance of the transition. what is her plan for transitioning o

are 3 million units of underutilized capacity in the auto assembly sector in the united states and ars. they had to do something. david: does this take care of the problem if they get this done for the future? given the capacity is taken off-line and give the projection what the sales would be, does this get up to the 80% number? kristin: i do not think so. because they planned has been unallocated, necessary language with -- under the contract, does not mean they will not find it way to place investment and the new product. the last time we saw a competition for general motors' investment there was three plants in the running. only one closed and the other two got product. spring hill -- james hill closed. the others remain to make product. those allegations were made at the beginning of the upswing in the cycle. we are at a plateau is not a softening in the market. it depends on what other products general motors has to make. alix: president trump was not a fan of this, threatening to withhold subsidies. what is the likelihood this decision can be reversed? houston -- weekly -- how

auto will make a huge different. >> while we don't see any immediate impact, we do think long term it would encourage greater investment in the unitedtes. >> out of the hearing lobby groups say any new tariffs on autos like the 25% the president proposed would slow down sales globally as well as cause decline in sales 1.2 million units in the u.s. alone adding $2,500 to the price of a new car 232 tariffs could come any moment. the european union has been vocal against them. gerri: zuckerberg pushing back against bombshell report in new york times. lauren: hillary vaughn joins us with that. how is zuckerberg responding here? >> good morning, lauren and gerri, facebook ceo mark zuckerberg says it's unfair after his company is being treated after they struggled russian activity and timely manner. >> i said before that we were too slow to stop russian interference and slow to get on top of it. we stumbled along the way but to suggest that we weren't interested in knowing the truth or we we wanted to hide what we knew or try to prevent investigations is simplien -- simply untrue. >> tried to hide and down play the scoab of russian interf

that this is a public health problem and just like doctors and scientists in the united states spoke out against the auto industry when they refused to put in seat belts, doctors can also speak out against the nra. many of my colleagues, many of my fellow forensic pathologists are gun owners, we want to see less death and that can be studied. >> they have an issue with the study, as you saw, because they think it's stacked against them, which is fascinating. but you also responded. you said do you have any idea how many bullets i pull out of corpses weekly? this isn't just my lane, it's my effing highway. you were incensed and i can kind of understand it. >> i was angry. >> just give a description of what happens when you're performing an autopsy or as you say in the trenches in gun wounding situation. >> i've performed over 300 autopsies to date on gunshot victims. those include both homicides and suicide suicides. that's the other thing people don't recognize. suicides have to be part of the debate. risk protection orders can be used to take guns away from people who are actively speaking about harming

united states. jason: the shocking downfall of auto executive ghosn.cks have lost over $800 billion since the end of august. jason: that is amazing.