. >> prosecutors are going to look to see if there were payoffs to the top leadership of the united auto workers, and if there were, that can be a disaster, not only for the uaw, but also for the automakers. >> reporter: in all, the fbi raided six locations in four states -- michigan, california, missouri, and wisconsin. operations that could undermine the confidence of nearly 160,000 uaw members in their negotiating team at the beginning of a new round of contract talks. >> obviously something's going on, and it needs to be cleaned up. it needs to be cleaned up, period. >> reporter: the today it is always fully cooperated with investigators and that there was no need for the fbi to use search warrants. meanwhile, fiat-chrysler had no comment. john? >> dean reynolds in chicago. >>> we have an important update related to a huge air bag recall we've been covering that involves 10s of millions of vehicles. it turns out some of the replacement air bags are now failing. today toyota announced it is recalling 135,000 cars in the u.s., including 2003 to 2008 corolla sedans and 2005 to 20ma tric

raids today ga the homes of gary jones, the urrrent president of the united auto workers; and dennis williams, his immediate predecessor, signaled a dramatic socalation of a four-year probe into illegal payments to union officials. the corruption investigation has so far led to the convictions of so f eight people linked to the u.a.w. and to fiat-chrysler, involving bribes and kickbacks designed to influence the nation's sixth largest union bargaining positions at contract talks with automakers. peter henning is a former federal prosecutor and law professor at wayne state university in detroit. >> prosecutors are going to look to see if there were payoffs to the top leadership of the united auto workers, and if there were, that could be a disaster, not only for the u.a.w., but also for the automakers. >> reporter: in all, the f.b.i. b.ided six locations in four atates: michigan, california, missouri, and wisconsin. operations that could undermine fhe confidence of nearly 160,000 u.a.w. members in their negotiating team at the tginning of a new round of contract talks. >> obviously, s

headquarters of the united auto workers. , every time iu come here to detroit, i think of that speech. i came here a lot because we did a lot of stuff together. and thank you for your leadership. [applause] >> i have read that speech 1000 times. that speech embodies the hopes and aspirations of a nation. it was about the intersection of labor and civil rights. the challenges of the time as , jobsng correctly said and justice. jobs and justice. the same challenges that we tackled today. jobs and justice. of tacklinghe honor those challenges as your labor secretary and the head of the civil rights division under barack obama. am i the only one who misses barack obama in this room? [cheers and applause] and his wife? [cheers and applause] i did not start at the labor department. i started out like so many people in this country. the child of immigrants. camefamily -- my family here from the dominican republic. they got kicked out because they spoke out against a brutal dictator in the 1930's. fortunately for us, there was no one here who said sorry we are full. instead, they said welcome

also want to let you know we're learning more about the uaw raid on the united auto workers, homes of some of the chiefs of auto workers including the head of it, the uaw is saying it is fully cooperating with investigators in this ongoing corruption probe and see absolutely no need for the search warrant that were issued today. now a lot of this we are told might be indirectly or right directly tied to negotiations that are going to be continuing right now with the automakers. as you know they pick one and launch negotiating or potential strike against one that will serve as a model for the industry. this suddenly got in the way of all of that, to put it mildly. more after this. re of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insura

. >> the mieb is searching the home of united auto workers presidents gary jones as well as a conference center used by union leaders and several other locations as well. today's raids oh curbed a total of six different locations in four states. this is the latest in an ongoing criminal investigation inning to corruption. but the distinction today is it's not just about the past leadership, it's about the current leadership. five people associated with the uaw have already been convicted. they are lookible top bribe, financial misappropriation in its dealings with major auto workers. it comes at a time when the union is bargaining for new four-year contracts. there is concern the raiding of jones' house could have a negative impact on these talks. they said the uaw and president gary jones have always fully cooperate with government investigators. as the leader of the uaw, president jones is determined to uncover wrongdoing wherever it might lead. liz: the dow jumping 250 points today. the blue chip index ending the day at 26,036. the nasdaq closing the day in the green. the border fight

united auto workers just started their big round of negotiation with automakers. the fbi went to the home of gary jones, the president of uaw, to execute a search warrant, and also his predecessor. this is part of a longtime investigation that seems to be ramping up, basically saying uaw officials were taking money from some of the carmakers to come as the prosecutors alleged, make them "fat, dumb and happy" when it came to negotiations. jewelry and trips and things like that. why don't we send you on a fishing trip? that's the allegation. alix: to get better deals for the carmakers, not for the actual worker. david: that's right. if you have these allegations and you are about to go negotiations, you're going to say, do i trust these guys? fbi,are criticizing the saying they didn't need to execute a search warrant, but they are taking it very seriously at a really important time for them. that is gary jones shaking hands with mary barro there. alix: that's interesting. journalists have very strict rules on compliance type things. david: they had joint training fa

heather: the united auto workers union criticizing federal agents for circling the detroit home connectedo union president gary jones was the uaw says it is cooperating with authorities. eight people have given convicted in an investigation of union officials, involving bribes and kickbacks. another mass shooting being planned, 19-year-old paul stabber in north carolina for allegedly plotting to shoot up the school. law enforcement releasing a photo of one of the two weapons allegedly in his position described as a shotgun. he reportedly had a 9 mm handgun. a possible new victim as investigators in west virginia try to figure out why 11 patients died under suspicious circumstances at the veterans hospital in that state. according to usa today retired air force veteran george case was ruled a homicide. officials say he did not dive natural causes as the family was originally told. doug mcelway has more. >> that the creditor -- first don't know harm but what someone did a va hospital was murder. suspicion arose when authorities asked the daughter of felix mcdermott if they could exhume his

> the fbi says federal agents have raided multiple locations including the detroit-area home of united auto workers union president gary jones it's part of a multi-year probe regarding alleged corruption within the u.s. auto industry. it has, quote, fully cooperated with investors and saw no need for the search warrants. toyota announcing it is recalling 191,000 cars in north america and japan. the automaker is saying the air bags in the vehicles affected may not inflate properly in a crash. the recall covers certain 2003 through 2008 corolla sedans as well as 2005 through 2008 matrix halfbacks. >>> and here's some good news for those of you who like wine a new study out of the u.k. says red wine in moderation could be good for your gut. a team of researchers from the kings college in london says it found drinkers of red wine saw a higher diversity of helpful bacteria in the gut thanks to the micro nutrients in the skin of red grapes. cheers that's the news update this hour kel, i'll send it back to you. >> sue, thanks very, very much here's what's still ahead on "the exchange. >> coming up

. >> shannon: the united auto workers union is criticizing federal agents for searching in suburban detroitjones. the uaw says it's insisting it's fully cooperating with authorities. eight people have been convicted in an investigation of union officials and fiat chrysler executives involving bribes and kickbacks. another student accused of planning a mass shooting. police arresting 19-year-old paul's temper at high point university in north carolina for allegedly plotting to shoot up the school. law enforcement releasing a photo of one of the two weapons allegedly in his possession. he also reportedly had a 9mm handgun. possible new victim as investigators in west virginia try to figure out why some 11 patience have died under suspicious circumstances at a veterans hospital in that state. according to "usa today," retired air force veteran george chasse case has been ruled a homicide. official saying he did not die of natural causes, as the family had originally been told. doug mckelway has more on the suspicious death. >> the hippocratic oath says first do no harm but investigators say wh

federal agents searching a home connected to united auto workers president gary jones, the home of theon's previous president according to an fbi spokeswoman. the raids are part of a probe into alleged corruption in the union's top ranks. the investigation already led to convictions of five people linked to the uaw and fiat chrysler executives. connell: quite a story. quite a story. bracing for dorian, meantime life-threatening flash flood situation as it takes aim at virgin islands and puerto rico. we are live, tracking the storm's path. is a stark reversal, the brazillian government will now accept for rip aid to fight fires raging in the amazon. there is a catch however, and that's coming up. ♪ we trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they

charles: folks, breaking right now, news here, top official at the united auto workers union reportedlyis home raided by the feds. the fbi executing a search warrant at the home believed to be of gary jones as well as a union retreat and multiple other locations. agents have been investigating allegations of corruption at the highest level of the union for years now. this comes as the uaw bargains for a new four-year contract with detroit automakers. huge news. we'll continue to follow it for you. >>> the u.s. government moving quickly to implement trump's tariffs on chinese consumer goods. interestingly the stock market gained momentum since the ustr said it is taking out the administration plan to for the new tariffs and evening existing tariffs. >>> they may be at loggerhead, this video proves that the chinese public still loves american products and it is not just the stuff from costco. >>> hurricane dorian is nearing puerto rico and could hit florida over the labor day weekend. ♪ do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-rec

dagen: a major investigation expanding as members of the united auto workers union await contract negotiationsf gary jones. joinings us now, detroit free press autos and labor reporter, fibi wallhower. explain what is going on here. >> on wednesday morning at 7:30 a.m. a multiagency effort, approximately a dozen agents from the fbi, the irs and the lay r borlabordepartment arrivee of gary jones. it's auto workers, aerospace and a agriculture, so uaw. and they raided his home, served a search warrant and spent six hours removing boxes of goods, money, and no arrests were made, of course. this was gathering evidence. in addition, in three other states, in addition to michigan, california, wisconsin, and missouri, evidence was collected including at the home in southern california of the former uaw president, dennis williams. so this is a serious issue. it's an expanded effort. there have been eight -- nine charges, eight convictions and this is part of a multiyear sweep into bribery, corruption, graft. and this makes the auto companies very nervous. because of course the deadline is rapidly appr

plus federal officials rating the home of the president of the united auto workers union. more details next. right now a look at the biggest premarket winners and losers in the dow. devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. >>> just days before protestors had called or planned a march ca calling, a protest calling for democracy, police will ban that march citing safety concerns. >> federal agents from the fbi and irs raided the home of gary jones. he's the president of the united auto workers union agents began searching the property yesterday around 8:30 a.m. and continued throughout the day it's part of a

federal agents raiding home of united auto workers president gary jones. up to or maybe not up to? very confusing. the dow is up 187 points. a lot of factors gyrating wildly. optimism on the trade front, that might be a bit premature. this has more to do with energy, energy components

. >>> up next, find out how a corruption probe at the united auto workers union could impact contracte big three. >>> plus, president trump's fight with the fed is prompting former new york fed president bill dudley to call for the central bank to hurt trump's re-election bid. coming up, we'll get some reaction from somebody that used to work with dudley at the new york fed >>> we're going to take you now to the white house and hear from president trump scheduled to speak about space. >> the federal government are focused on the arriving storm. i have decided to send our vice president mike pence to poland this weekend in my place it's something very important for me to be here. the storm looks like it could be a very, very big one, indeed and mike will be going i have just spoken to president d you -- douda of poland and expressed the warmest wishes and wishes of the american people. our highest priority is safety and security of the people in the path of the hurricane. and i will be rescheduling my trip to poland in the near future we're gathered here in the rose garden to establish

electric vehicles we're not sure that things get a whole lot better from here look, the united states is the most lucrative autoarket in the world, general motors made a couple of billion dollars in the second quarter, in the united states, they're doing fantastic here how much better is it going to get? if you're an investor, you look at the united states auto market and say, not sure it gets a whole lot better for these guys from here. they have to make all these investments in the future. that's why auto stocks in general are not doing anything and in terms of the trade impact, that's the part suppliers. they feel an impact because of tier two, tier three components in china who ship over parts to larger components that go into vehicles those are being impacted. >> phil lebeau, phil, thank you. >> you bet >> never a dull moment joining us on the overall market take, brian jacobson and steve fultz. so what do you do? do you buy into the optimism on the u.s. china and the markets we have seen >> i can't believe any self-respecting deal maker would fold now for a multiyear truce or deal. you got china's economy

trading at ancial february 2019 hi as it plans to sell its canada mortgage unit. 1%.nce auto parts downwas down a lot more earlier in the session after it missed with its earnings. henkel, european consumer products company, also falling today. they said their shampoo business had been impacted by slowdown in china. one last chart for you, showing we are back in positive territory now, but earlier in the session, nestle came the first company to see its 10 year bond fall into negative territory. vonnie: thank you. let's check on some sector leaders now because of the trade news, was talking about -- trade news emma was talking about. 10% tariffs will not go on things like laptop computers, toys, and some apparel. that is helping the s&p 500 index. also, the consumer discretionary index, which holds names like amazon.com, nike, target, ford, dollar general, ebay. all of these companies will benefit vastly from this delay in tariffs. communication services also one of the better performers. it is up to percent. %. holds names -- it is up 2 it holds names like disney, google. this is bloom

. >>> fbi raiding home of the united auto workers president, gary jones, this is part of a corruption jackie deangelis is with us. as i understand it mr. jones is not the only official? >> no. there was another raid in california. the former president. his name is dennis williams. he was involved. there were no arrests yesterday. this has been going on some time. nine people charged. eight convicted. three are fiat chrysler workers. the probe is expanded. this is up the stakes. there were bribes potentially, kickbacks in the top ranks of the uaw. this is one of the most powerful unions in this country. it is actually in the midst now negotiating new four-year contracts with detroit carmakers. they will be up in mid-september. a lot of folks, workers are worried about this. this reduces confidence in the leadership. stuart: if you have raids in the middle of contract negotiations which are due couple weeks, i would say that has to interfere with the negotiations. >> distracting if anything. it could also interfere. there is a lot at stake here. federal investigators are not let up. stu

united states. this year will be about 16.7 million that's down 500,000 we've hit peak auto in the united states is the thought. i know people got 2 cars to one 90 people come from one car to 0. it does say that lower prices should come the short term but longer term that's right a lot more safety features which cost lot more money interesting all right and then our final topic of conversation is kind of interesting one is going to more expensive or less expensive for people to get a spate. but nike getting into the shoe subscription service have and shares are expensive yes, they a lot of them all the time lot of them a lot between ages 3.10. so nike is getting something that they're super excited about they really are super excited. they've done a trial for about 2 years for 20 bucks a month it gets you 4 nation pairs of shoes a year for 30 bucks a month think you do the math that's $360 a year. it gets you 6 new sets of shoes a year for 50 bucks about to get to 12 news that she is here, i'm a new car smell junkie love the new car smell, same thing with the sneakers but i don't buy new cars. i do

united states. pres. trump: and for japan. >> are you still considering imposing section 232 tariffs on japan's auto exports to the united states on national secured grounds? pres. trump: not at this moment, no. it's one of the reasons we made the deal. not at this moment. it is something i could do at a later date if i wanted to come about we want to be fair. -- wanted to, but we want to be fair. i will tell you something, we are transforming our country. we are taking these horrible, dumb,ded, foolish, very stupid, if you would like to use that word because it is so descriptive, we are taking these deals that are so bad and making good, solid deals out of them. that is transforming our country. and will be transformative very exciting, i think, for our country. very exciting. go ahead. >> thank you you, mr. president. pres. trump: i said the woman behind you. why don't we do her first. you've been asking a lot of questions all day long. >> thanks, mr. president. pres. trump: they say i don't give you access, right? >> thanks, mr. president. why do you think it is appropriate to invite russia to the g7, given that they've medd

weaker than expected profits posted and sounding the alarm citing downturn in demand for energy and auto unit what that means for future financial results. francine: thank you. the from jean throughout hour, head of blackrock investment institute's. coming up next, a full brexit lowdown and we speak to a german chipmaker. ion,peak to the ceo of infin ben schneider. this is bloomberg. ♪ . francine: the fed cut rates for the first time since 2008 but jay powell messages about further easing roils the market. president trump continues his attacks on the fed chair after he says the cut is not big enough but -- the slumping pound and the specter of a hard exit looms large as mark carney faces a news conference. this is "bloomberg surveillance." u.k. manufacturing data, pmi for july is unchanged at 48, a cut above estimates. 47.6.cast of we will get back to brexit and the strength of the economy with the bank of england addressing it today after the fed first rate cut in more than a decade and attention moved to the bank of england as u.k. central bank is expected to keep rates unchanged at 0.75% b

united states. so -- >> and for japan, i would say. >> so are you still considering imposing section 232 tariffs on japan's auto exports to the united states on national security grounds? >> not at this moment, no, not at this moment. well, it's one of the reasons we made the deal. but no, not at this moment. it's something i could do at a later date if i wanted to. we're not looking at that. we just want to be treated fairly. you know, japan has had a tremendous trade surplus with the united states for many, many years. long before i came here. and i'll tell you something we're transforming our country, we're taking these horrible one-sided foolish, very dumb, stupid if you'd like to use that word because it's so descriptive, we're taking these trade deals that are so bad and we're making good, solid deals out of them. and that's transforming our country. that's -- that will be transformative and very exciting, i think, for our country. very, very exciting. please, go ahead. go ahead. >> thank you, mr. president. >> well, i didn't actually say you, i said the woman behind you. why don't we do her first? you've been asking a lot of

saturday tremendous trait bill for the united states so should you plan and you said oh wow so are you still considering imposing section 232 tariffs on her parents' auto exports to the united states on national security grounds not at this moment no not of this while it's one of the reasons we made the deal but no not at this moment it's something i could do a later date of i wanted to but we're not looking at that we just want to be treated fairly you know japan has had a tremendous trade surplus with the united states for many many years long before i came and i'll tell you something we're transforming our country we're taking this horrible one sided foolish very dumb stupid if you'd like to use that word because it's so descriptive we're taking these trade deals that are so bad and we're making good solid deal sentiment and that's transforming our country that's that will be transformative and very exciting i think for a country very very exciting please go. thank you mr president well i didn't actually say or said the woman behind you so what do we do her 1st you've been asking a lot of questions although i will. express surprise yummy stuff and t

united states. pres. trump: and for japan. >> yes. are you still considering imposing section 232 tariffs on japan's auto exports to the united states on national security grounds? pres. trump: not at this moment. no. that's one of the reasons we made this deal but not at this moment. it's something i could do at a later date but we're not looking at that, we just want to be treated fairly. japan has had a tremendous trade surplus for many years long before i came here. i'll tell you something, we are transforming our country. we're taking the horrible , one-sided, foolish, very dumb, stupid, if you would like to use that word, because it is so descriptive, we are taking these trade deals that are so bad and we're making good, solid deals out of them. and that is transforming our country. that will be transformative and very exciting i think for our country, very exciting. go ahead. >> thank you, mr. president. pres. trump: i didn't actually say yes, the one behind her. why don't we do her first, you have been asking questions all day long. >> thank you, mr. president. pres. trump: don't say i don't give you access. >> thank you. why d

united states >> and for japan. >> reporter: yes so are you still considering imposing section 232 tariffs on japan's auto exports to the united states on national security grounds >> not at this moment, no. not at this moment well, it's one of the reasons we made the deal. but, no, not at this moment. it's something i could do at a later date if i wanted to, but we are not looking at that we just want to be treated fairly you know, japan has had a tremendous trade surplus with the united states for many, many years, long before i came here and i will tell you something, we're transforming our country we're taking these horrible one-sided foolish very dumb, stupid if you'd like to use that word because it's so descriptive, we're taking these trade deals that are so bad and we're making good solid deals out of them. that's transforming our country. that will be transformative and very exciting, i think, for our country. very, very exciting. please, go ahead go ahead >> reporter: thank you, mr. president. >> well, i didn't actually say you, i said the woman behind you. why don't we do her first, you've been asking a

he was of course born outside the united states on a military base but given auto mattmatic citizenship because of that. it is just another example of what the trump administration is doing especially ever since they new top of the cis. >> seems like a running theme here. thank you. >>> still ahead, republican senator johnny isakson announces his resignation. >>> the president goes after his favorite cable channel. fox news and several others hit back. those stories and a check on the weather when we come back. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. making wrinkles look so last week. rapid wrinkle repair® pair with new retinol oil for 2x the wrinkle fighting power. neutrogena® so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. should always be working harder. that's why, your cash automatically goes into a money market f

auto burglary suspects. during that time they called for additional units. at that time a unmarked police car arrived on the scene. at which time the accident occurred. >> reporter: sfpd says that car hit one of the suspects and a officer. they were rushed to the hospital. the suspect has life- threatening injuries. the second car burglary suspect was taken into custody. >> these people are breaking into cars. this morning my car got broken broken into on geary boulevard nine times this year. he says it has cost him $7000 to replace his windows multiple times. >> right here is known for breaking into cars and we keep asking the cops, can you please hide out. catch them. >> in japan town we have tourists that come from out of town, they leave their stuff in the car. we have folks that come to the chinese consulate, they come on a daily basis. >> reporter: sfpd says the officer that was hit along with the suspect sustained non-life- threatening injuries. kpix 5. >> a liveross the bay area where the weekends tranquil weather will evolve into a sticky situation.

tariffs it's exports that are nearly half of gdp so four times exposes the united states for example and it's exposed in the auto sector and machinery and equipment so they're particularly cyclical and also worried about a no deal brexit. >> so even when we do see a thawing of relations between china and the u.s., the damage is done when you think about global trade volumes and because of that europe is at the heart of it. france is holding up quite well. they're more insulated from global trade we have a problem of italy, the biggest problem in euro zone and to have the european power house and germany which we saw in the data released today is a major issue. >> so we had the second quarter contraction minus 0.1% for gdp and looking at the recent numbers yesterday, pmi is pointing to q-3 as well. or are we on a sustained downturn in germany. >> we're now in the middle of a sustained slow down about to turn into a ecession plus it's worse and worse. >> there's a lot of pressure mounting from the international community and also some voices within germany as well on the government to do something if they do go do

built somebody's moving in there that would not be in the non- luxury unit with that land-use planning so if you want to build an auto dealership i have a dozen cities that will give you healing end and the mayor will come not just cut the ribbon but help you build. on the other hand, if you want to build housing you get the impact counties charge high fees. so what do we do that we finance government on ability to pay the state income tax is a good way to measure that instead we finance based upon whether you are building something the city government has to provide fire protection. >> leading on tax policy that's a great question. a couple of things but between impact fees i do believe we pass that the fee that does allow housing you do have to put money aside for affordable housing as much as $100 million of support of subsidized housing out of that but you are right we cannot keep putting everything on the developers we get nothing done by having no fees but enough cities don't use the power of zoning it can produce more housing. >> i hope that you would join me to get the sales tax that is generated by buildings

auto burglary suspects. during that time additional units. at that time an unmarked police car on the scene. >> reporter: a plain clothed officer chasing the man on foot. >> that vehicle struck a police officer and the suspect. those two were taken to the hospital. the suspect was in life threatening condition and the officer is nonlife threatening condition. >> hours after the collision the unmarked police car was removed from the scene with a smashed hood. >> now geary boulevard is a well-known area for barakins in san francisco. it's still not know if the suspect was committing a crime before the chase. liz pena, abc 7 news. >>> the search is on for whoever shot at a motorist in antioch yesterday afternoon. this could be a case of road rage. the gunshot went to the outside of the car d valley road. neither he nor his passenger was hurt. the driver wanted to stay anonymous but shared what he saw. >> first thing i could say was one-handed, he was aiming the gun at me. i sped up and weaved and heard a shot. >> he said the suspect's car was a

united. never before spirits so high. hillpassing over the walls we instill as i wandered ♪ >> all here. communications, steel, coal, home, auto radio, maritime, clothing, packinghouse, building trades, textiles. all here. common problems, common action. it's simple. you've got to eat. even western union cannot tell us that. ♪ coat donated by a local merchant. it made all the boys a little warmer. but, picketing is no bed of roses. weeks dragged on. newspapers looking for signs of a crackup. they did not have much to report along those lines. plants were shut tighter than a bullseye in flight time. we did not shut them, the owners did. but they didn't seem to mind. could it be because the government guaranteed them there come hellar profits or high water? that did not make things easier for us, but we never expected it to be easy. if you want to learn what makes , theck take on time is th best place to find out is that headquarters. men are showing up fine. because the union is there baby. you have a chance with a union. men and women banded together for bargaining power. a voice. the rules and conditions of the working day. t

auto trade which of course imports a lot of cars into the united states and he's also presenting it as a big win for farmers they've struggled in the trade war with china and so he sees them as a key part of his base and he says he is doing his best for them don't trump also says he's going to continue to press ahead with a bringing in 10 percent tariffs on around 300000000000 dollars all of the chinese imports that is to add to the existing talents that are already in place he continues to see that it's china that will pay those tariffs but of course it is u.s. businesses and u.s. consumers that b. of the cost for example apple which develops the i phone in the i pod but those are built in china when they come back to the u.s. to be sold they will cost more and the americans consumers will pick up the tab for that no donald trump you'll remember said that trade wars are cheap and easy to when but world markets do not like the fact that the world's 2 biggest economies are at loggerheads they're hoping for some sort of solution china is struggling too with the trade war and american con

consideration when he decides whether or not he wants to stay on the european auto industry remember this and a lot of cars over to the united states and it's a big win politically for him as well no farmers ranchers they've been struggling with a trade war with china the fact that they now have this new market opening up to them that story will trump appealing to his base essentially he says he sees farmers and ranchers as very much part of his base and he will be able to say look i'm working for you trade deals are good i'm helping the u.s. economy at the most basic level certainly when he was speaking in the white house just a couple of hours ago surrounded by men in big it's essentially saw this as a big when the agreement today will lower trade barriers in europe and expand access for american farmers and ranchers in year one duty free american beef exports to the e.u. will increase by 46 percent over 7 years they will increase by another 90 percent so a bit of a boost that with a potential deal in the making with his european partners but the tensions continue to escalate with china. and you remember the donald trump s

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sector is down about 2% yet again on the joke, or perhaps the threat, that auto tariffs could be imminent, coming from the united states. we're also seeing a big reaction in european yields, as well. i want to take you to what has been happening there the ten-year bund, minus 52 basis points, another three basis points italian yields trading sub 150 now. really big reaction in fixed income across the board. u.s. treasuries obviously leading the declines in yields by about 10 basis points let's get back out to peter westaway, chief economist at vanguard asset management. the odds of a recession in the region are around 35%. just looking at your global outlook, would you say odds of a recession are highest in the euro zone compared to the u.s. and china. >> i'd say they're roughly equal now. the u.s., we were talking 30%, 35%. for a long time, we've always been saying europe is well below that i think the data we've opinion been seeing out of germany, the sequence of numbers, the latest news, all that will hit confidence it is a toss-up, which falls, if either. >> what's the cure we talked about the ecb and the fa

auto burglary suspects. during that time they called for additional units. at that time an unmarked police reporter: according to sfpd, a plain closes officer was chasing the suspect on foot before they were both struck by an unmarked vehicle on geary boulevard. >> that vehicle struck a police officer and the suspect. those two were taken to the hospital. the suspect was in life-threatening condition. and the officer is in nonlife-threatening condition. collision, the unmarked police car was removed from the scene with a smashed hood. >> now geary boulevard is a well-known area for car break-ins in san francisco. but it's still unknown if the suspect was caught committing a crime prior to the chase. in the newsroom, abc7 news. >>> neighbors helping neighbors. that's the message the city of santa rosa is stressing tonight after the devastating north b fires, a new program pushes people towards each other in case of an emergency. here's abc7 news reporter lisa. >> reporter: they share smiles, stories, and experiences at neighbor fest in santa rosa's historic r

auto burglary suspects. during that time they called for additional units. at that time, an unmarked police car arrived on the scene. >> reporter: according to sfpd a plain clothed officer was chasing the suspect on foot before they were struck by an unmarked police vehicle on geary boulevard. >> those two were taken to the hospital. the suspect was in life threatening condition. and the officer is in non-life threatening condition. >> reporter: hours later the unmarked police car was removed from the scene with a smashed hood. geary boulevard is a well-known area for car break-ins in knn where the suspect was caught in the act before the chase. >>> authorities say a gun shot went through the outside of a victim's car as he drove along the free near deer valley road. neither he nor his passenger was hurt. the driver shared what he saw when the gunman began chasing him. >> he is driving one handed with a gun. i could see the gun aimed at me. i sped up and weaved and i heard the shot. >> it was a newer model silver mercedes sedan with two young men inside. the

autos. that's not going to happen so that's a victory certainly for the united states and keeping the auto tariffsther agricultural products which is very good for the u.s. farmers. the underlying real positive here really in my view is the fact that the president is gaining allies, when it comes to the fight against china. this is really important, because china has massive ambitions to take over the united states, as the largest super power as well as economic ally and the moral lies the u.s. has in its corner the more likely it is that china will not win and take over the united states. it's harder to beat two-thirds of the world than it is to beat just the united states, so it's important that the president is announcing the plan today, at the g7. it's important that he's making allies in the pacific region because china has been a bully when it comes to the south china sea, and everybody is worried about china. not just south korea, but japan, as well as countries like vietnam, et cetera. you're already seeing companies move out of china take their manufacturing to places like vietnam, becaus

auto burglary suspects. during that time, they called for additional units. at that time an unmarked police car arrived on the scene. >> reporter: korld to sffd a plain clothed officer was chasing him on foot. >> that vehicle struck a police officer and the suspect. those two were taken to the hospital. the suspect was in life threatening condition and the officer is nonlife threatening condition. >> hours after the collision the unmarked police car was removed from the scene with a smashed hood. >> now geary boulevard is a well-known area for came break-ins in san francisco. it's still not know if the suspect was committing a crime before the chase. in the newsroom, liz pena, abc 7 news. >>> the search is on for whoever shot at a motor along highway 4 in antioch yesterday afternoon. authorities say it could be a case of road rage. ceer valley . neither he nor his passenger was hurt. the driver wanted to stay anonymous but shared a terrifying account of what he saw when the gunman began chasing him on highway 4. >> first thing i could say was he was driving o

problematic especially in this context and especially given the vision that both the auto has for the amazon i don't think the united states should be involved in that vision farnan you were nodding vigorously at the mention of course of the people that you come into contact with and work with a lot of the indigenous peoples who protect their lands you understand the patterns of the ecology and the nature and how important it is and then you will someone like me who had you know soya milk in their coffee this morning and i have every morning and i have hardwood furniture and to some degree i am a consumer like many of us are responsible partly for what's happening in the amazon but i wonder how do we focus people on this idea that we're all complicit when it feels like a personal level it's very hard to do anything when these big corporations and banks and hedge funds are involved so much further up the chain so far and what can we do to to focus people. well i think this this is the kind of heart of the matter if we're talking about the rain forest which is a natural phenomenon now the natural world is created by 2

that's why ford and gm, the two biggest auto makers in the united states, are preparing for that possibility for both companies say they are stashing away cash in the event of a recession. ford putting away $20 billion as a buffer. gm, $18 billion. as you know, gm benefited from a government bailout during the 2008 recession. they have changed their business model since then and that was a unique situation, but this time around, they are also planning for a downturn. the cfo saying at a conference yesterday it's something we continually keep watching and updating to make sure that we are all set for when the downturn does come. notice she says when the downturn does come. in other words, they are expecting it. we know it's coming. just when that is, is the question. sales for both car makers have already been slipping. ford, you see, down about 4%. gm down 1.5% compared to this time last year. then industry-wide auto sales have been going downward as well. down about 3.5% since the peak back in 2015. here's a look at what both of the companies are doing on the stock market today. both of the

auto industry. the former head of volkswagen has died at the age of 82. i'm brent goff. two viewers on pbs in the united states and around the world, welcome. turkey's president is in russia for talks with vladimir putin. relations between the countries are improving. >> celebrating cooperation by eating ice cream together. russian president vladimir putin paid for his turkish counterpart's treat, offering up a sweetener before talks. >> we will talk about the directions and where cooperation can go as well as some delicate issues in the region that are on the agenda. >> the venue -- and aviation show -- reflects increasing military cooperation between russia and turkey, which is a neutral country. turkey has bought russian antiaircraft systems, irritating nato, and is now looking at purchasing russian fighter js as well. cooperation has limits. troops are in syria on opposite sides. russia backs the syrian government while turkey supports the remaining rebel forces in idlib province. recently, russi-backed syrian forces have stepped up their campaign against rebels there. >> we cannot tolerate the syri

united states. >> and for japan. i must say. reporter: so are you still considering imposing section 232 tariffs on japan's auto exports to the unitedot at this moment. no. not at this moment. it's one of the reasons we made the deal but no, not at this moment. it's something i could do at a later date if i wanted to but we're not looking at that. we just want to be treated fairly. japan has had a tremendous trade surplus with the united states for many many years. long before i came here. i'll tell you something, we are transforming our country. we are taking these horrible one-sided foolish very dumb stupid, if you like to use that word because it's so descriptive, we are taking these trade deals that are so bad and making good solid deals out of them, and that's transforming our country. that will be transformative and very exciting, i think, for our country. very very exciting. please, go ahead. reporter: thank you, mr. president. >> well, i didn't actually say -- i took the woman behind you. why don't we do her first. you have been asking a lot of questions all day long. reporter: thanks, mr. president. >> don't say i don't giv

auto insurance quote today. . >>> new important health guidelines for the millions of breast or ovarian cancer survivors here in the unitedtates. it used to be women who had a family history of breast and ovarian cancers were encouraged to test to see if they carried a gene mutation called brca. now doctors say more women should be taking that test. they're suggesting that all survivors of breast and ovarian cancer talk to their doctor about getting tested as well as women from certain ancestries associated with the gene mutation, such as eastern european jews. >>> well, ever shop online and have the same items pop up on your facebook page? it happens all the time. facebook says it's now trying to fix that by rolling out a new tool that limits what it can gather about users on other sites. now, we should note anything you search on facebook is fair game for advertisers. right now the tool's only available in south korea, spain and ireland. once in the u.s., you'll be able to sign up for the tool in your settings feature. >>> up next, we're to check in with the a's again the yankees. it could be a preview of this season's

number one auto market in the world while this trade dispute only has a tangential effect in terms of vehicles built here shipped there, there aren't many that come from china to the united concern for the auto makers is what's happening as this trade war drags on and the chinese economy slows down that's why general motors this stock is really under pressure when ever you see the trade tensions increase because the concern is number one market for gm, you'll see that market slow down even more for general motors tesla, news out today that tesla on friday -- these are according to wire reports -- on friday will raise prices in china that was expected to happen in september and perhaps again in december the stock moving higher along with the rest of the market. we have not been able to get a comment from tesla confirming that is, in fact, the case look at the parts suppliers. we'll show these in succession, what you're looking at are two part suppliers that are dramatically impacted because of the potential for tariffs from sub suppliers out of china and that's why you see close to a ten-year low, ten koe is under pressure toyota and honda the reason we're showing you the