united auto workers union and the chrysler have reached a tentative deal for about 40,000 u.s. s. sources told "the wall street journal" the agreement will remove a two-tier wage system for the new hires make less money than their more experienced coworkers. the proposed deal will serve as a template for general motors and ford. obviously they are bigger than fiat chrysler. 45% are making entry-level wages and that is something they been complaining about. w-whiskey was going on. asian stocks all out there is a 4.9%, hang seng 2.4%, became 1% of the costs via 2% on the heels of two days of selling the shanghai composite index. lauren: i love the word, nicole. ftse up two thirds of 1%. cac in paris gaining one and a 3% and attacks in germany have three quarters of 1%. nicole: became over 1%. we are seeing the unchanged way. the dow futures unchanged literally while the s&p is down one, gnostic apostle one point. this is what you usually see as we wait for the fed to state. commodities trading with the up arrow for oil. 45.44 and called at 11.07 announced. a strong dollar against

the united auto workers union chose fiat chrysler as a target for their contract negotiations.will tell you why the union made the unusual choice of picking the weakest of the big three automakers this year. sit it out, paying the highest rates in new york city history. what does it say about the commercial real estate market? coming up on "bloomberg market day." ♪ scarlet: welcome back to "bloomberg market day." breaking news, credit squeeze -- credit suisses in a settlement over dark will trading according to people familiar with the matter. few weeks toll a go before we get a number, but the number that is being negotiated right now is 80 million dollars. the fcc and new york attorney general are said to be in discussions with credit suisse. in the meantime, those shares have been down all day and currently are lower by 2%. betty: looks like near the session low. in the auto world a surprise in detroit as the united auto workers union chose fiat chrysler as the target for the contract negotiations. a choice that bucks tradition as they typically choose the strongest company

the fiat chrysler ceo buys a bit more time with the united auto workers union which says it will keep negotiating with the car maker. >> lift off for amazon's jeff besos as he brings his dream of launching rockets into outer space to florida's cape canaveral. >> we had the lowest volume session in a month's time. also the narrowest trading range that we have seen since august 18th. that tells us that everyone pretty much is on the sidelines right now awaiting that fed rate decision. let's check in on u.s. market futures. we're not going to see much movement at the open. the implied open. we're going to be down close to 3 points. dow jones industry looking for a decline of 20 points and nasdaq should be lower by 7 and a quarter points or so. >> let's also just quickly break the german numbers, current conditions came in at 67.5. the expectation was for 64. that's better than expected. expectations came in at 12.1. the expectation was for 18.5. euro is down by 10 basis points on the day. >> let's get back to the top story which is the rate debate and what central banks are doing this we

. >> the united auto workers union where ford and workers have beened a outside over a new collective bargaining agreement. if they don't reach a deal the kansas city plant will shut down and the end of the week, 7500 uaw workers would work off the job. the f 150 is the best selling truck in america. >>> tesla is putting a model x up for sale. they showed off the vehicle at the company's francisco factory on tuesday. it's billed as the fastest suv going from 0 to 60 mph in 3.2 seconds. the model x with be yours for $132,000. convincing children to learn a new language can be a struggle. with you native american but one native american group has done that to continue their heritage. >> deadly serious about her video games. >> nice, good job, team. >> hmm. >> but during these countless hours on her x-box she's not shooting anyone. she is he battling a blizzard. communicating with spirits. can you save me from a polar bear, duh. she's playing a game called "never alone" based on the legend of native alaskans who live above the arctic circle. in the game an orphaned girl must overcome a s

. >>> the united auto workers union and cf chrysler have reached a tentative agreement. it would affect about 40,000 workers and if finalized will likely set the pattern for similar deals with general motors and ford. no specifics as yet. but the union was seeking salary hikes, especially for long-time employees who haven't had a pay raise in nearly ten years. the company hoping to hold down those costs. >>> and classes are resuming tomorrow for more than 50,000 students in seattle after teachers were striking there and delayed the start of school this year. the teachers' union voted to suspend the strike after reaching a tentative agreement as well. >>> well, another example of the power of social media for you this morning. this time it's facebook helping reunite someone with their wedding ring. >> ring was found near a line of dumpsters at a landfill in iowa. inside the initials j.h.h. to w.w.s. >> there was also a wedding date listed for more than 30 years ago. our station in cedar rapids put the reng on theing on their fac and the owner has been located. nice to hea

he said he had to focus on reaching a new labor contract with the united auto workers union of detroit they are working on a new benefit system for the workers working at the so-called big three automakers factories in detroit. which event is planning to close 90% of its operations in -- deutsche bank is planning to close 90% of its operations in russia. the german bank said the chairman of its russian unit would be leaving moscow. arean and u.s. officials looking into claims of bribes. s plan to buy aa' french equipment maker has feared its final hurdle in the u.s. -- has cleared its final hurdle in the u.s. the takeover will create the of mobileggest buyer phone equipment. it is expected to close next month. in the run-up to the climate change summit we have been taking a look at how energy around the world. morocco is one of the few fossil fuelth no reserves, meaning it is largely dependent on in order to energy -- on imported energy. harnessing the power of desert winds. farmurbines at the wind doing their part to wean morocco off foreign energy. in 2014, the kingdom imported almos

the united auto workers union says the four-year agreement, workers will be paid more. it has to be voted on by the at suchembers who work factories in the united states. genie: an interesting story links to facebook, which has decided it will introduce a dislike button. stephen: the world's biggest social network says it is working on developing this feature. it is in response to demand. they have previously revisited the idea. let's listen. >> if you are sharing something that is sad, whether it is something in current events, like the refugee crisis that touches you, or a family member passed away, then it may not feel comfortable to like that post. but your friends and people want to be able to express that they understand and that they relate to you. i think it is important to give people more options than just like. stephen: currently what you like on facebook helps define what you see, but also influences the advertising that you see on your page. having a dislike button gives advertises -- gives advertisers more information. decide if you want to like or this li

auto workers running out. the united auto workers union will give an hour by hour extension of the contract as it expired at midnight. the issue is a two-tier classification of workers that was put in place when the industry was collapsing. veteran workers earn $28 an hour. they want a raise. recent hires can under maximum of $19.28 an hour. the union wants to close the gap. >>> deadly flash flooding out west. at least eight people dead. cars swept away in what is described is a war of water. details next. we stop arthritis pain, so you don't have to stop. tylenol® 8hr arthritis pain has two layers of pain relief. the first is fast. the second lasts all day. we give you your day back. what you do with it is up to you. tylenol®. i just want to take a vacation. redeem our hotel points. this seems crazy. tell us something we don't know, captain obvious. ok. with hotels.com, when you collect 10 nights you get one free. oh. and this room smells like cat food and sadness. i brought in some protein to help rearrange the fridge and get us energized! i'm new ensure active high protein. i help you recharge with nutritious ene

. >>> breaking news, the united auto workers union threatening strike that makes the ford f-150 it will affect more than 250,000 workers including the 7500 at the kansas city plant. the union has authorized the strikes to take place in five days unless an agreement can be reached. >>> be sure to vote in our poll tonight, the question -- . >>> a breathtaking rare phenomenon caught on video. bbc earth captured the moment that the supercharged volcanic ash cloud sparked lightning in the patagonia region of argentina. the rare phenomenon called a dirty thunderstorm is called by ash particles colliding during a volcanic ash eruption. there are 39 active volcanoes in the world, that is a reduction of 3 in the past month. >>> up next, a few thoughts on the president's empty threats, red lines and hollow promises. >>> and another criminal learns that leading police on a high-speed chase, well, you would think they would learn faster than this, isn't always a good idea. we'll show you the end to this pursuit. rather dramatic and fitting. stay with us. you do all this research on the perfect car.

meantime, the united auto workers union says we'll keep negotiating with fiat chrysler on a new contract delaying a possible strike at the auto makers profitable u.s. operations. the decides agreed to extend their current contract which expires at midnight eastern time on an hour by hour basis and the move is a sign they're making progress when it comes to wage and benefit issues. fiat chrysler seeing an advance here -- a rally of 2% or so. >> now the auto sector has been driving sales higher. it's compared to a 9.5% rise in july according to the association of european car makers. gm's european division lead the way with a 14.1% increase while volkswagen lagged the market expansion with a 5.7% sales increase. nancy is live for us. >> it's a real shift to emerging markets and china but the auto makers are getting a bit of a boost however there is a fear that this is as good as it gets which raises more concerns for growth outside even as the u.s. growth which pulled the sector along for so much time now is starting to slow the growth there. we just spoke to the ceo and asked him how he w

coming up the uaw, the united auto workers union, they've got a big voice in the up coming election alongat chrysler, makers of jeeps. they have agreed to a deal to keep the workers on the job. but what does that mean for negotiations with detroit's other automakers? does that set the tone, jeff flock is traction all the latest developments. next live on countdown. don't move we live in a world of mobile technology, but it is not the device that is mobile, it is you. hi mi'm raph. tom. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. you premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep l

a number of groups also joined the call, including the united auto workers union, unitarian universalist association, physicians for social responsibility, the indigenous environmental network, 350.org . more than 67 million acres of public land and ocean are already leased to the fossil fuel industry. the coalition says that declaring unleased oil, gas and coal on public lands as "unburnable" would accomplish more in the global fight against climate change than any other single action taken by the obama administration. meanwhile, in canada, a group of more than 100 leading activist, writers, musicians have released a wide-ranging call for economic and environmental change to address "the deepest crisis in recent memory" -- i'm a change. the leap manifesto calls for to build energy efficient homes, ending fossil feel subsidies, and cutting of a terry spending. signatories include musicians neil young, leonard cohen, actors ellen page, donald sutherland and many more. unveiled the manifesto on tuesday. >> all share believe that it is possible for canada to fight climate change in a way th

a number of groups also joined the call, including the united auto workers union, unitarian universalist association, physicians for social responsibility, the indigenous environmental network, 350.org . more than 67 million acres of public land and ocean are already leased to the fossil fuel industry. the coalition says that declaring unleased oil, gas and coal on public lands as "unburnable" would accomplish more in the global fight against climate change than any other single action taken by the obama administration. meanwhile, in canada, a group of more than 100 leading activist, writers, musicians have released a wide-ranging call for economic and environmental change to address "the deepest crisis in recent memory" -- i'm a change. the leap manifesto calls for to build energy efficient homes, ending fossil feel subsidies, and cutting of a terry spending. signatories include musicians neil young, leonard cohen, actors ellen page, donald sutherland and many more. unveiled the manifesto on tuesday. >> all share believe that it is possible for canada to fight climate change in a way th

. >>> the united auto workers union is prepared to strike at ford's f-150 plant. ford and workers have been at odds over details of a new collective bargaining agreement. if they don't reach a deal, the kansas city plant will shut down by the end of the week. around 7500 uaw workers would walk off the job. the f-150 is the best selling truck in america. >>> for the second time this year, dutch investigators have raided uber's european headquarters in amsterdam as part of a criminal investigation into whether the company is offering illegal taxi services. the dutch have fined uber more than $500,000 for using unlicensed drivers for the low-cost service. in paris the trial began today for two twitter executives -- excuse me. uber executives accused on similar charges. >>> officials in new york are searching for the source of a new legionnaires outbreak. they confirmed three more cases in the bronx. seven cooling towers ♪ same neighborhood test positive for the bacteria. it's not clear if the latest cases are connected to an outbreak in july that led to 16 deaths. >>

your chrysler has reached a tentative agreement on a new contract with the united auto workers union.wo sides elevated last night, but revealed little about the bill. it eventually does away with the two-tiered wage structure. the union will try to reach similar agreements with ford and general motors. fewerr" us will hire holiday employees this year. the company is taking on 40,000 temporary workers, 5000 fewer than a year ago. toys "r" us will rely more on existing workers. the chain is in a missed of a turnaround plan after three years of falling sales. target once its employees to shape up. the discount retailer's ac offering fitbit trackers to its employees in u.s.. the idea is to improve worker fitness and improve health care costs. bug is taking longer to fix than expected. the new operating system is supposed to let third-party apps run more quickly on the apple watch. and facebook is looking to change its like it or not approach. the company plans to add a button letting users show sympathy when hitting like wouldn't be appropriate for something sad or upsetting. says it will

union auto workers want a piece of that prosperity. >> here in the united auto workers say they have not had a pay race. >> the unions top priority is to eliminate a two-tiered wage system introduced in desperate times as general motors and chrysler faced bankruptcy. >> we were on the left side of the car making $28 an hour. on the right side of the car they're making half. you know that's something that is unacceptable. >> the union officials acknowledge that they have a problem. their numbers have shrunk from a peak of 1.5 million works in 1979 to 400,000 now. >> well, you know, power in numbers. when the numbers go down, your problems go down. >> in a statement to al jazeera ford said: >> industry analysts say that the two-tiered system will likely merge as it has in the airlines and food industries. >> people wait it out until everyone is retired and gone or they have a long grow in for the entry level to reach the top wage tier of the workers. >> how that is resolved could determine whether the automakers continue to compete to automakers around the globe or if they go to past pr

united states. are things getting better for workers in? the united states? no they're not. these big union jobs, unions like the united autoworkers or steel workers were largely moved everseas or sometimes to the south where you have strong antiunion regime, what has then happened is that workers have lost voice in the arena, and so what happens? cuirpciÓns again, retake over the nation setting the agenda, fighting against union, fighting against workplace safety so that the regimes we do create la osha. they become underfunded. you have states fully committed, you have states such as wichciÓn -- wisconsin and michigan, you have the citizens united decision, 125 years ago corporations are able to control the agenda and workers can't, unless you have income inequality and you have the beginning of social movement to fight b that. [laughs] >> it's a story with solutions. we can recreate stable good work for people, but what we have to do is hold corporations legally accountable no matter where they go. and they have to be accountable no matter who they sub contract to andsu no matter where they pt their countries. companies

now, the fee a, chrysler, and the united auto workers, say they'll extend the contract talks on hour to hour basis. contract expired at midnight. union wants pay raises for long time workers. they haven't had one in a decade. and also want to close the wage gap for entry level workers, erika? >> jill, also hearing of course we know apple founder steve jobs, he was great at redesigning computers. now his widow want to redesign education. what's she going after here? >> reporter: yes, that's right, lorene powell jobs want to revolutionize the american high school. asking educators, designers to smith ideas on how it rebuild schools that could better prepare student for the 21st century. any ideas they are looking for could include changes schedules, curriculums, technology, and she will be giving $50 million to the five winning schools. so this is really interesting. i'm curious to see what they come up with. >> i agree, we'll see what happens. jill, thanks so much. >> coming up after the break, a check on traffic and weather together. we'll be right back. >> checking the roads with meisha a. >> good morning, just waking up with us, go

union auto workers now negotiating with general motors, fiat chrysler and ford want a piece of that prosperity. >> here in the united auto worker headquarters where negotiations are taking place, they say some workers haven't seen a pay raise in the decade and the company has been profit annual for five years. it might be harder for them to argue that now isn't the time for a wage increase. >> the unions top priority is to dismiss a two teared wage system introduced when the companies faced bankruptcy. >> you have a guy working on this side of the car, making $28 an hour, you got the guy on the right side of the car performing the same task as his buddies making half. so, you know, that's something that is unacceptable. >> union officials acknowledge they have a problem. their numbers have shrunk from a peak of 1.5 million workers in 1979 to about 400,000 now. >> well, you know, powers in numbers, and when numbers go down, your power go down. >> in a statement to al jazeera. ford said it wants a fair and competitive labor agreement that enables us to continue to provide jobs and investment and insurance a prosperous

united auto workers. they celebrated last night but revealed little about the deal. they did say it eventually does away with the two-tiered structure. the uniontry to reach similar agreements with or and general motors. news corp. is diving deeper into web advertising. 86 -- up to 86 million more if they meet performance objectives. anp in talks to buy stars controlled by john malone. the talks may not result in an acquisition. would aned, they leverage on negotiating fees from pay-tv carriers. those are your top stories. nhlays to go before the new season begins. for women that love hockey, this is a big year. the national women hockey league kicks off the inaugural season. the first to pay its players a salary. jointly is the league commissioner and founder, danny riley. u.s., and4 across the more than 70 players under contract. there is a minimum salary, free agency, right? >> yes. everything the men's professional team has, we have as well. the final four teams will play. and 18 game season. october.cking off in we are so excited. there has been a lot of hard work that goes into it. seeing it all come to reality as then such an exciting m

a agreementr gets with united auto workers, they celebrated last night but revealed little about terms, they said it will eventually end the wage structure. the union similar agreements with ford and general motors. more job cuts at hewlett-packard as the company is ready to split into, it says it will eliminate 33,000 jobs and become to businesses in november. one dealing and high-end technology and the other in arsenal computers and printers. -- personal computers and printers. tom: is that additional layoffs and i best teachers, sales of businesses from what we have seen previously. only one number matters. a two-year yield, the 10 year 2.28% and the two-year a .8067%, extra ordinary to signal the meeting. it is the most important fed meeting cents time began. with the senior vice president of the schwab center and carl riccadonna is with us. we agree in the grand scheme of things, maybe a decision does not matter but it does, why are we so wound up about this meeting versus a council of people like you who say look at the further trajectory? carl: because it can be significant implications if they make a policy mistake, arguably the most import

united auto workers. familiar with this case. host: next caller is george from ocala ocala, florida. go ahead. caller: happy labor day. host: happy labor day. caller: the problem i have with trade unions especially and i come from philadelphia, so this large cities, to i don't know about small towns. boy growing up, all of us guys tried desperately into trade unions and i never found any of one of my who got in without a sponsorship. it was completely tphep 'tis tick. hey talk about unions wanting everyone to become unions but in there unless you had an uncle or brother or in.eone to who got you after vietnam i had a friend of mine who went to every union in city and they laughed at us. we put the application go in and feel it go into the trash can. would like to know how you gentlemen feel about that and if and you're going to tell me i'm will be ll then you telling the truth because that's the way it was in those days anyway. i'm 65 now. i don't know how it is now. completely tphep 'tis tick. thank you so much for your time. host: we hear you. gary, what do you think? does this relate to the challenges that unions have had f organizing workers in other industries? kind hink the part