my grandparents and in the bayview hunters point and i moved out and worked for a company new united motors and around ten years ago. i was one of the displaced workers there. it was an excellent company to work for. a lot of bad things said about the company but i had a different view and allowed me to buy property in my property and travel the world and see things i never seen before. when i was let go i didn't know what i was going to do. i didn't have a degree and even though i worked with people with degrees and jumping into the layoff system but we had families and homes and different things we had to take care of too. coming back to san francisco being with my family i found myself in a different position and changing the career and it was recology. they gave me the opportunity of a lifetime to sustain my life and my family as well. with the benefits they had i have two new kids it's been awesome. if it wasn't for recology i couldn't say where i would be right now. i wanted to share that with you and thank you for your time. >> thank you. >> hello. my name is jesus torres and i have

french company that owns peugeot and citroen has agreed a £1.9 billion deal to buy general motors' european unitrance that existing production commitments would be honoured at ellesmere port till 2020 and luton for some years beyond that. but the combined company will have 211 factories in europe— some say that's too many. professor david bailey from the aston business school is a car industry expert. there is a guaranteed to a certain point. how secure do you feel the jobs are? i feel until 2021 at ellesmere port, thejobs are probably secured. that doesn't change this situation before the takeover. i think in the context of peugeot taking over, they are looking to make savings of 2 billion euros a year, including closing plant in europe, to three dandelion, not immediately but over time and it raises questions about the future —— down the line. it is bang in the middle of the article 50 negotiations. whether the car industry here will be in the single market. it is very easy to sack workers in the uk because of the flexible labour market. the business secretary greg clark says that context is n

professor krish bhaskar is founder of the miru, motor industry research unit, at the university of eastfirst. a line can be drawn underneath that? well, today, after the action in detroit, yes, we can draw a line under it. it is actually able great than $20 billion. the total possible liability is closer to $40 billion, which is much more than volkswagen had thought. will we find out the figure today? no, they will be court cases and settlements down the road. not everybody may claim a settlement. some settlements are our victory. so there is more to come in terms of the bill? $40 billion as the outside maximum. what about the eu? that the outside maximum. what about the eu ? that hasn't the outside maximum. what about the eu? that hasn't even really started. this is a new phase four volts wagon. before, they said we were guilty. now their attitude has changed. it is a new transformation, and new strategy, they are saying they are not guilty. they say they we re they are not guilty. they say they were within the european test parameters, they met official regulators. they are claiming t

the french company that owns peugeot and citroen struck a £1.9 billion deal to buy general motors' european unitch includes vauxhall. 11,500 workers are employed by the company in luton and ellesmere port. the unite union says its priority is to safeguard theirjobs. our business correspondent joe lynam is here. what other worries about jobs? what other worries aboutjobs? one half thousand people work for vauxhall. psa is notjust taking over boxall, it is taking over the german brand, opel. there are factories in germany and slovakia as well. there is a geopolitical play happening. the germans will pitch ha rd to happening. the germans will pitch hard to keep their factories open and the brits will pitch hard to keep their factories open. in the last few minutes, the boss of psa has been giving a press conference. he has said he wants to create a european automotive champion and unleash the potential of vauxhall and opel. he is committed to the iconic brands. but there is a but. they also want to increase profit margins. their future, these factories across europe, is in their hands and based on

the french company that owns peugeot and citroen has struck a £1.9bn deal to buy general motors' european unittive carlos tavares said that the future of vauxhall workers in the uk would depend on their performance. well general motors is an american company, joining me now from the new york stock exchange is michelle fleury. michelle, do you think gm will be pleased to have psa off their books? we're going to go to a clip now on an interview about general motors. i trust my vauxhall employees in the uk, and a. i trust that they will be ina very uk, and a. i trust that they will be in a very good position by working ina in a very good position by working in a constructive and open manner with the psa group colleagues to improve the performance. as long as we improve the performance and become the best, there is no risk they should feel. that is the chief executive of general motors. michelle, do you think gm will be pleased to have psa off their books? i think it will be a mixed feeling, on one hand the company has been a global fixture begins and years, on one hand the company has been a glob

see you around, giulia ♪ >>> the motorized units are swift and deadly.s no massive modern equipment to meet this onset. >>> following the 1939 invasion of poland, britain, france, australia, new zealand declared war on germany. across the atlantic, america officially remained neutral. >> american foreign policy throughout the period was a constant bone of contention for most brits. they felt they would be left to fight. that was pretty much the truth. >> desperate for pilots, the raf would have a little help. despite just 90 hours of solo flight billy pulled a few strings and got himself in the raf. he was training for the day he would take a hurricane into combat. it was a very sternly built preacher. i appreciate that. you have a very solid punch. >> in 1940 military historian experienced the battle of britain as a schoolboy living outside london. he would grow up to be a royal air force fighter pilot. >> they were sure they would be able to push the raf out of the way. the first phase of the battle was started on the 10th of july when they started att

my grandparents and in the bayview hunters point and i moved out and worked for a company new united motors and around ten years ago. i was one of the displaced workers there. it was an excellent company to work for. a lot of bad things said about the company but i had a different view and allowed me to buy property in my property and travel the world and see things i never seen before. when i was let go i didn't know what i was going to do. i didn't have a degree and even though i worked with people with degrees and jumping into the layoff system but we had families and homes and different things we had to take care of too. coming back to san francisco being with my family i found myself in a different position and changing the career and it was recology. they gave me the opportunity of a lifetime to sustain my life and my family as well. with the benefits they had i have two new kids it's been awesome. if it wasn't for recology i couldn't say where i would be right now. i wanted to share that with you and thank you for your time. >> thank you. >> hello. my name is jesus torres and i have

the stock in focus, looking to perhaps split units into operating companies and holding companies. , extendingndai motorday. it is halting operations in china at a plan. a unit of hyundai motor would develop its own automobile chips under the deal. three chipmakers will design and produce those chips, so we will see if that has any spillover affect into chip stocks today. >> let's get to first word news with paul allen in sydney. president trump has slashed out at republican beaters for the failure of the bill to repeal and replace obamacare. the legislation was scrapped on friday after some conservatives said it did not go far enough. the president initially blame democrats for the failure, but of the tweeted criticism freedom caucus and right groups that oppose the bill. an independent oil producers are considering an extension of output curbs with six nations saying time is needed to trim the global glut. the five members of the cartel support the extension. kuwait saying it should be six months after june. the talks in kuwait ensure the level of compliance is high. >> at the moment in russia among o

my grandparents and in the bayview hunters point and i moved out and worked for a company new united motors and around ten years ago. i was one of the displaced workers there. it was an excellent company to work for. a lot of bad things said about the company but i had a different view and allowed me to buy property in my property and travel the world and see things i never seen before. when i was let go i didn't know what i was going to do. i didn't have a degree and even though i worked with people with degrees and jumping into the layoff system but we had families and homes and different things we had to take care of too. coming back to san francisco being with my family i found myself in a different position and changing the career and it was recology. they gave me the opportunity of a lifetime to sustain my life and my family as well. with the benefits they had i have two new kids it's been awesome. if it wasn't for recology i couldn't say where i would be right now. i wanted to share that with you and thank you for your time. >> thank you. >> hello. my name is jesus torres and i have

united states. details will be unveiled at 11:30 a.m. eastern time. general motorslling it unit to the parent company for $2.3 billion. the deal creates a new european regional card giant with volkswagen. the money list and ask a premier appeared money list in its different era. that's a big u.s. stock market futures. for weeks and will write schemas for 900 points. s&p up six weeks in a row. this morning we start to send down aeros. now down 37 in future s&p down seven will watch for your support on friday. lauren: present trends by american mandate on the oil pipelines will be required to steal swords from within the united states. many praised the mandate for the jobs of the crew gave but others ask if it's legal in raise concerns over possible trade work. adam shapiro with details. >> or an income of lauren and nicole. this is a copy of the memorandum president trumps signage in the 24th, which says on a pipeline as well as retrograde at them repaired or expanded pipelines in the united states have to use american products like american-made steel. the ceo of un

. >>> moving markets, a major deal is in the works for general motors and a bird flu scare here in the united states. we have it from cnbc. kate, good morning. >> reporter: good morning to you. general motors strikes a deal to sell the european operations for more than $2 billion. the business includes the opel brand. the europe division lost billions of dollars the past two decades. the deal raises questions about the fate of thousands of jobs in europe. they have 22,000 workers in the uk and germany. >>> a deadly form of bird flu has been found in tennessee. it's the first this year. they have been quarantined and the flock destroyed. tennessee borders several large chicken producing states. south korea banned impart ports from the united states. >>> the federal reserve hikes interest rates when they meet next week. janet yellin all but confirmed an increase is coming. the markets will get several reports topped by the big news on friday, the monthly jobs report. back to you. >> kate rogers for us on this monday morning. thank you. >>> just ahead, a huge night for justin timberlake and wolv

motor city. and may god bless the united states of america. thank you. thank you.cheers and applause] ♪ >> later, donald trump held a second rally in nashville. there he reacted to a federal judge blocking his latest executive order on immigration. here is that part of the event. pres. trump: let me give you the bad, the sad news.

after a french car company which produces usual vehicles reaches deal buy general motors' european operations. the uniteds, 15,000 children have been forced out of the iraqi city of mosul, where a mass exodus of civilians is happening. iraqi government forces are pressing into the western side of the city, but are facing fierce resistance from so—called islamic state. the un says it has seen a significant increase in displacement in recent days. as david campanale now reports, the hamam al alil refugee camp is approaching maximum capacity. the desperate escape from fierce fighting in western mosul. an endless stream of thousands of people. these residents of iraq's second city have nothing on their feet. and un aid coordinators say they've escaped with nothing, no luggage and the bare minimum of clothes. inside the city, islamic state are using car bombs, suicide attackers and snipers to resist the iraqi army's advance. as battles rage in these residential areas, civilians are being forced out from their homes. but as they run, they must first evade the merciless tactics of islamic state fighters, who op

the maker is buying general motors open unit.ld be an agreement early next week and acquisition could create europe's second-largest automaker. among the points are cost cuts and will cover unfunded pension liability. caterpillar has gone from a presidential favor to the target of a federal raid in the course of the week. agents of rated the headquarters into your -- p doria illinois. -- peoria, illinois. last week, president trump praised the maker of farm equipment saying i love caterpillar. companyest advertising has a slow start this year and does not expect things to get at her. shares are falling in london by the most in your. low inflation,ys technological disruption, and a focus on costs are have an impact on ad spending. to grow 2% revenue in 2017. that is your bloomberg is this flash. tom? francine? haveine: the troubles deepened after a stream of elected officials from his own party disowned his campaign. more than 60 politicians said the could no longer support a candidate facing charges for the embezzlement public fu

my election, ford, chrysler, general motors, sprint, intel, walmart and many others have announced that they will invest billions and billions of dollars in the united states and will create

group is said to be closing in on a deal to buy general motors opel unit.oth companies are planning to continue intense negotiations through the weekend with the aim of announcing a deal on monday. it would create europe's second largest automaker. pimco's new bond chief has hit an important milestone. his income fund has overtaken the fund that was run by bill gross, who left in 2014. according to data compiled by bloomberg and morning star, it is 75.4 billion, larger than the pimco total return fund which was once the world's largest. that is your bloomberg business flash. guy? guy: thank you very much, juliette. housands of lawmakers in beijing getting ready for the people's congress. that starts sunday. the focus is on ping who wants no surprises. tom mckenzie joins us now from beijing. is the economy the top of the agenda here, tom? tom: it is, guy. and there is a debate that is going on amongst lawmakers here. particularly around the question of just how much to rein in the credit that has done so much for the stabilization of the economy here and tac

my grandparents and in the bayview hunters point and i moved out and worked for a company new united motors and around ten years ago. i was one of the displaced workers there. it was an excellent company to work for. a lot of bad things said about the company but i had a different view and allowed me to buy property in my property and travel the world and see things i never seen before. when i was let go i didn't know what i was going to do. i didn't have a degree and even though i worked with people with degrees and jumping into the layoff system but we had families and homes and different things we had to take care of too. coming back to san francisco being with my family i found myself in a different position and changing the career and it was recology. they gave me the opportunity of a lifetime to sustain my life and my family as well. with the benefits they had i have two new kids it's been awesome. if it wasn't for recology i couldn't say where i would be right now. i wanted to share that with you and thank you for your time. >> thank you. >> hello. my name is jesus torres and i have

discuss his america first policy, push to bring more manufacturing jobs back to the united states, as general motorses a major announcement this morning. for all of that, we'll turn to phil lebeau, who is in michigan. good morning, phil. >> reporter: good morning, carl. we'll talk about that gm announcement in just a little bit, but you're right, president trump -- you can see the banner behind me -- it's "buy american, hire american." that's the theme he'll be hitting today. but he'll also be talking about his administration moving to change the fuel economy standards law for the rules going into effect for the future. let me show you this wall, which shows where fuel economy is h d headed between 2022 and 2025. now, these standards were locked in by the obama administration back in 2011. you see the dramatic increase between 2022 and 2025, when the industry is expected to hit an average of 54 1/2 miles per gallon. well, now president trump has eventually said, look, we're going to revisit these rules with a review in 2018. at the end of the obama administration, they pushed through locking in thos

general motors flatly refused to move from their bargaining position. when that happened, walter reuther of the united auto workers called on management to open the books, open up their accounts, their accounting books for inspection by the union. proved to be what reuther's said, you cannot pay us as much. let the unions look at your books and we will figure out how to make this race worked. -- raise work. he is asking for much more than just a little bit more money. managerial authority, power of -- power to control production, to control how the company prioritizes its spending, and also making a claim as nelson lichtenstein points out, it harkens back to that area of world war ii cooperation and planning, right? he is saying come let's let -- he is saying, let's let labor have a role. general motors did not want to do that. after 113 days, the union finally retreats on some of their more aggressive demands and is forced to accept an 18 cent increase and no expansion for the union to help run the company. other questions? before we move on? >> what about the cost of living? when they put that in, t

to the french company that owns peugeot and citroen has struck a £1.9bn deal to buy general motors' european unithe uk will be in a very good position if they work in a constructive manage dee manner. as long we improve the employment and become the best they should be a no risk. let's check in with the markets, but c has edged down as weakness in mining stocks outweigh the positive impact of that potential merger. the dax in frankfurt opened logo, shared in blue—chip banks during the market after it announced it shares in deutsche bank ‘s fell 6% this morning which will weigh down on the backs. that is it from me i will be back in an hour's time. thank very much. britain's worst peacetime incident at tea since the titanic 193 people died when the herald of free enterprise capsized within minutes of setting sail for dover in 1987 — all because the ship's staff had failed to close the bow doors. today events are being held in the uk and in belgium to mark the thirtieth anniversary, and this morning some of the survivors, rescuers, and victims' families went out to sea to drop flowers where the fer

if you are in a motor transport unit or convoy or something like that and you come into an area where you're under fire, the idea is to get out as quickly as possible it. that's why the distinction is between being in a combat zone and being in a combat unit. the purpose is to close and destroy the enemy. if you're a paratrooper, that was your job. and by the way, amin the combat service support and combat support, combat engineers all these sorts of folks, clearly, come under fire. i mean, they are subject to being killed or wounded. and that's not what we're talking about here. the issue is women in these combat units. and i, myself, was the marine corps -- did what they were supposed to do in the sense of saying, okay we're going to try to test this. we're going to have some sexually integrated units here and have some all-male units and we will basically compare their performance and as elaine said about 65% of the time, the all-male units did better. that's the difference between being in a combat unit and being in a combat zone. and i think that distinction is the most important

united states. google, general ford and motors are all self test driving cars and california.e registered to test their cars. uber, the ridesharing company was taken on regulators trying to get cities to allow public testing for self driving cars and that is a big reason why the company started testing self driving cars in arizona where the governor is a big proponent of futuristic technology. uber is that a number of other controversies involving questions about his workplace environment and business practices. the difficult thing about self driving cars is that the cars not only have to drive safely, but they also have to predict drivers unpredictable. arthel: they can't do driving. will car, got to go. talk to you soon. eric: i want to drive. we are back at 4:00 and 6:00 eastern. please join us. lift the burden of getting a home loan with rocket mortgage by quicken loans. [whisper: rocket] there'try phillips' fiberway to ggood gummies.. they're delicious... and a good source of fiber to help support regularity. mmm. these are good. nice work, phillips'! try phillips' fiber

psa group sealed a deal for general motors business, they agreed to pay $2.2 for opal unit in a deal that will create a new european car giant and see gm's exit from the region. we spoke to the ceo of general motors mary barra and asked her whether threat of u.s. border tacks might have played a role in the carmaker getting rid of its european units. >> we still have cadillac and we have chevrolet iconic brands in europe and we will continue to do so. we'll also be participating with psa through the warren ownership. we're looking for future collaboration in europe, so i don't see it that way at all. i see huge opportunity as we continue to work together and also very importantly for the iconic chevrolet brand products as well as cadillac. >> how did you make sure psa and opal are not going to be competitors on u.s. and chinese market, for example. >> we compete in some markets today already. this is really focused on synergies we found in europe, across the board. they were really the two companies fit together quite nicely. we understand there will be a pint that may occur. we're al

mark: coming up, general motors -- selling itsopel its opel unit. we will tell you why.is bloomberg. ♪ vonnie: you are watching bloomberg. i'm vonnie quinn. mark: and i'm mark barton. here's your global business report. the deutsche bank chief executive is pairing up his own turnaround plan after less than a year and half. find out what he told bloomberg about his new strategy. official, gmt is is selling its opel unit. mark: and the affordable care act -- president trump vowed to repeal and replace it. could he really undo one of president obama possible to's legacies. vonnie: the deutsche bank ceo has torn up his own turnaround plan, reuniting the investment and trading units one year after splitting them up. plus, deutsche bank was to raise $8.5 billion a share sale. been shrinking, reconstructing, we have been changing the bank a lot in the past two years. we want to move back into modest growth mode and we just got to do that, it would be helpful to add capital. europe todayin largestke the second automotive company in europe. the deal is valued at $2.3 billion. blo

in some ways think of the united states as being like the automobile industry. general motorse point appeared all powerful. the concern was that it was too powerful and needed to be broken up by anti-trust and all of that. ut then mismanagement, lack of functionality of the organization, you had the japanese threat and all that meant, and then you had the bankruptcy that basically wiped out what had been there before, and it needed to be renewed. charlie: and now a general motors that is more competitive, better run than it has been in a long time. >> i think one of the things, having served in the obama administration that i am very proud of is the way we managed that situation. but i think the general motors of several decades ago is something we need to think about as we think about what in the united states. as i look at what is happening politically, i think there were storm clouds that have been forming for a long time, but the directions that we seem to be taking in the last few moments, particularly as regards our approach to the global economy, particularly as regards

nejra: psa group has agreed to ' unit in a motors transaction valued at 2.2 billion euros. it is expected to generate annual savings of 1.7 billion euros. gm is cutting ties after the division missed a target to breakeven last year. the deal creates europe's second-largest carmaker in a bid to better compete in the saturated market. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm nejra cehic. this is bloomberg. francine: thank you. deutsche bank's ceo is ripping up his own turnaround plan in admission that the 17 --month-old effort has flopped. that change includes offering 8 billion euros in stock, selling part of the asset management business. earlier i spoke to john cryan about his new strategy. john: in order to retain postbank, i described it as a capital raising. we needed to finance it. it would have ago been much more difficult for us. i personally feel much more comfortable sitting in the seat i sit this time, this year, then i would have last year. we are feeling much more positive. the environment is g

motor city. and may god bless the united states of america. thank you. thank you. [ cheers and applause ] >> president trump in ypsilanti, michigan, talking to autoworkers, touting his unique ability to keep auto jobs in the united states. also talked about how he's basically tapping the brake on some of president obama's emission limits. it's basically another one of the ongoing, oncoming hits to climate and environmental policies that donald trump is doing, undoing regulations put in place by the obama administration. before we went to donald trump, we were taking a look at the hearing. the hearing to examine russian efforts. that was in the subcommittee of crime and terrorism of the senate judiciary committee. you can see that hearing is ongoing right now. led by sheldon whitehouse, democrat from rhode island, and lindsey graham, the republican from south carolina. let's take a listen to lindsey graham just a moment ago. >> we gave the director until today to answer that question. and all i can say is i still don't have the answer to those questions.

there are just 32 motor vehicles per 1000 people in india. in the united states, there are 797.ll you a secret, it is not going down. look at these roads. that is a scary thought. one solution could be to make better use of the cars that are already on the road. enter india's biggest taxi hailing app, the uber of india. or as they say, uber is the ola of india. founded back in 2010, three years before uber launched in india, they have taken full advantage of their head start. they have historically been number one in india but uber has said that that is changing. it looks like the battle for india's cab cash is onlyjust beginning. these are the head offices in the silicon valley of india, bangalore. this is employee number one. india is not designed to have many cars, 10% ownership. what are the specific needs of your customers and drivers? we made a platform that is notjust about cabs but about many other things in india. supporting bikes, electricit rickshaws... different transport options. it is an inclusive platform from ability where you have different transport options. so

general motors flatly refused to move from their bargaining position and when that happened walter reuther of the united auto workers called on management to open the books. for their accounts inspection by the union. that you can't actually pay us this much. let the union look at your books and we will figure out how to make this worries -- ray's work. he is asking for much more than a little bit more money. managerial authority. power to control production and how the company prioritizes spending. the -- itg a claim on also harkens back to that area cooperation and planning. he is saying let's let labor have a role. general motors really didn't want to do that. after 113 days union finally retrieved on some of their more aggressive demands. and it is forced to accept an no5 cent increase and expansion of the union's right to help run the company which is how they would have framed it. we're going to? move on. corrects what about the cost of ?iving can you explain why? is goingst of living up everywhere. because of the reconversion to a peacetime economy. there's housing shortages and most of the major

united states. >> just today, breaking news, general motors announced adding and keeping 900 jobs right here in michiga and that's just the binning. >> very important. everybody saying what is it? let's keep them. lerts keep them guessing back there. >> not mentioned by the president, something he is expected to talk about at his next event. that's going to be tonight in tennessee. the issue, health care. and on health care, there are ominous signs for that republican replacement plan currently making it's way through congress. a vote is expected in the house next week. republican party leaders say, they are going to pass it without the support of any democrats, but now, more republicans are speaking out against it. some conservatives call it obamacare-lite. they stay doesn't go nearly far enough. some moderates say it goes too far and it cuts too much. and now, some pro-trump voices all but pleading with the president to just walk away from it. christopher rudy from news max, he is a friend of the president calling the plan the work of establishment republicans and urging trump no break with them. >>

motor vehicles. the only thing they do really well is the united states military.ause] jamie: so collaboration works. if you go around the country, it works and all of these cities, all of these states. here for some reason we just get bogged down and maybe it is just too complicated for mankind. david: what is the greatest pleasure of running a bank? artist, tennisan player, politician -- this is my contribution. ♪ david: so you'd think the country is better off for having dodd-frank now or not? systemlook, the banking , j.p. banking system morgan. we do the stress test. j.p. morgan has $500 billion in capital today. -- the enough capital whole banking system in america has recovered. part of that is dodd-frank. i don't know anyone who would agree with dodd-frank. of theed that some things put in there after the fact should not have been put in, but it is what it is. unfortunately because dodd-frank , it is what it is. i have to deal with it. that is the law of the lamb. land. it basically says make the system better, so the regulators have a huge amount of author

the biggest and most influential of these many strikes was in the united auto days theyherefore 113 strict general motors. in this strike, they demanded a -- wage increase increase with no price increase being passed to the consumer. they understood the connection, you cannot get higher wages and charge more for cars because that will cost them more, drive up the price of everything. hurt themit would political, other working people would be upset that they drove up the price of automobiles. the media -- that connection and said we want wages but no price increase. they had huge pickets, successful rallies, they were playing by the rules, they were orderly. it was by all measures, it should have been a successful strike. refused toors flatly move from their bargaining position. when that happened, walter reuther of the united auto workers called on management to open the books, open up their accounts, their accounting books for inspection by the union. proved to be what reuther's said, you cannot pay us as much. let the unions look at your books and we will figure out how to make this race worked. he is

may god bless the american worker, my god bless the motor city, and may god bless the united states of america. thank you. thank you. thank you. [ applause ] >>> president trump standing there in michigan outside a state he won. he talked to auto workers, bottom aero fuel, but also key is what was not mentioned he is traveling down to nashville tonight. he will talk health care. he will be traveling with friendly conservative press, the question will be what and how he talks about it as he's been so so quiet on that specifically and of course not answering any questions on the wiretap allegations from his tweet two saturdays ago, pretty typical president trump talking to auto workers. it's just sort of what he didn't say that struck me. >> right. it wasn't one of his sort of usual campaign style rallies. i think he was a little bit -- he's reading off a prompter, a little bit more subdued. it's clearly a difference here. and i think that's on purpose. i think there's a lot going on and i think he didn't want to talk about any of it. and he didn't. so he talked about reducing standards

motor city. and may god bless the united states of america! thank you.use ] >> melissa: that was president donald trump in east lansing, michigan, talking about the auto industry there, announcing that gm is adding or keeping 900 jobs here in the u.s. talking a lot about the great american auto industry and the american worker. also saying that they welcome foreign companies that want to come here in order to build their cars and sell them. talked about a new industrial revolution that he sees kicking off here in the united states to provide high quality jobs. chris plan is a syndicated radio talk show host, richard fowler is a fox news contributor and radio talk show host. what did you hear there? >> a classic campaign speech. talking about very real issues that affect very real americans. talking about jobs, talking about industry. talking about some of deals we've cut, nafta. talking about bad deals for americans and american employers. honestly, given the audience, hitting all the right notes i think. >> melissa: yeah. richard fowler, this was back t

psa is said to be closing in on a deal to require general motors mobile unit, recordings of people familiare table as early as next week. it would create europe's second-largest automaker. both companies are said to be planning on continuing intense negotiations through the weekend with the aim of announcing the deal on monday. what's corp. is drawing bids from apollo global management and kkr, according to people with the knowledge of the manner, who also say that a decision could be made as early as next month. the telecom company said in november it was exploring strategic options. the company has a market value of about $2 billion. amazon says human error at its sweepinginess led to outages on wednesday. it actually switched off more servers than intended, causing errors that cascaded throughout its service, which is used to house data and manage apps and software downloads by nearly 150,000 websites. that is your "bloomberg business flash" update. scarlet: mike mayo has been one of the most vocal critics on wall street. he lost his job when clsa shut down its equity research unit. in h

. >> general motors has agreed to sell its long struggling european opel units to france's psa group,ued at 2.2 billion euros. the second-largest carmaker. >> a lot of discussion with the unions and government. this is mary from gm. exiting europe, finally. this puts them at number two. that is what he gets. scale, size, and brand. he will deliver synergies at 2 billion euros in 2026. what about gm? share buybacks are on the agenda. that is what gm plans to do. >> being that europe is from a regulatory perspective and customer preference perspective, has diverged from our global operations. as a result we need to find a way to get more scale locally here to make investments necessary to be successful. >> having the opportunity to is aage two iconic brands big opportunity for a company like ours. to a larger group of customers. if we have brexit, it is much better the source from inside. let's turn to the latest on a brexit. sterling falling to a seven-week low against the dollar. theresa may faces a new setback in the house of lords. what happens today? what amendments will be added?

we see he is working with ford motor company to build three plants in the united states and major leaguen the united states. as opposed to moving jobs or keeping the jobs in mexico. that's huge. >> i give him a "b." >> what? >> i don't give anybody an "a." business negotiators bring opposing parties together. that's what he is attempting to do. >> why wasn't he able to close the deal? >> because politicians are dividers. >> isn't trump the master deal maker? >> if you are are talking to an empty chair. there is nothing, no bridge. >> i'm surprised at how much opposition he is getting from the right as well. i'm very dispiappointed. >> you mean the freedom caucus? >> yes. absolutely. >> they should get on board? >> without a doubt. >> how has your life changed in the past 60 plus days since president trump was electlected? >> there was a quiet restoration of law and order and security. we are addressing illegal immigration. we are starting to do deportation. we are not doing a shell game with radical islamic terrorism. there is something in the oval office. >> what has he done to fight is

general motors separately even with their expansion in the united states, announced they're laying off 1,500 people. still hiring more than they're laying off. and the president says this is stuff i'm doing that i get zero credit. does he have a point? >> to some extent. the tax cuts, the regulatory environment is a positive for big businesses. they want to invest and expand within the context of less taxes and less regulations which we know, the corporate taxes, one reason why they offshore money and don't bring back cash and why they try to do business overseas. it cost too much to do business here. i'll say this. we as journalists have to parse through this and figure out what was already baked in the cake. we shouldn't point out that mary barra said a lot of these job creations plans were baked in under president obama. the exxon mobil expansion that the trump administration is trying to take credit for. that happened in -- >> neil: what they're pointing to is the job commitment was bigger than originally telegraphed. who knows. >> who knows. i don't know that. we're getting number

we see he's working with ford motor company to build three plants in the united states and a major leaguet in the united states, as opposed to moving those jobs or keeping those jobs in mexico. all right. that's huge. >> i give him a big -- >> what? >> i don't give anybody an a. i am looking for him, which is why i voted for him, to point out in this country what needs to be pointed out that i think politicians in general, the media in particular has kind of covered up. >> such as? >> the way he's changed the debate on things like illegal immigration. >> i think the last 70 days or whatever it has been now has been positive because we have started to learn a lot more things. we have started to see -- >> such as? >> just how -- how the process works in washington. the fact that health care failed i think shows business and politics are not always the same thing because if they were i think that deal would have gotten done and gotten done a lot more quickly. maybe what that tells us is politics needs to change. >> business leaders and negotiators are by nature people that bring opposing par