carol: do you think about the of volvo? a swedish brand, your now owned by a chinese company add manufacturing here in the united states. talk to me about this growing wave of protectionism. obviously, the trade talks going back and forth and the imposition of tarriffs between the united states and china and others, what does that mean for you folks? you are planning to export a lot from this facility in south carolina. >> that is, of course, very worrying. now however that we have the factory in the u.s., we have a good step forward. we believe in free trade. we also believe it should be fair trade in both ways. that is also what we brought here to demonstrate. this factory, when it is fully used here, and a few years time, we will export as many cars as we import into the u.s.. we will have a balanced trade in about three years. carol: give me an idea of how much will come out of the south carolina facility. know the s-60 you guys are to this week, today. how much do you plan to produce and how much do you plan to grow th

where do you see volvo in the next few years?uys have been pretty aggressive when it comes to driverless cars, electric cars. give me an idea where you see the company in two to three years. >> we will continue growing. we will be a major player. we are really going to focus on the challenges for our business. we need to do something about our carbon footprint. we have decided to look at electric and as a safety brand, we need also to the leaders in the autonomous side because that is the next step in safety. we are putting a lot of effort into those areas. i think that will make all of us stronger and more effective for consumers of the future. jason: just ahead, the ceo of airbus ventures talks about a $40 million investment. carol: plus, getting inside the nintendo headquarters in kyoto is not easy, but our reporter didn't and he has approached -- our reporter did it and he has a profile. jason: this is bloomberg businessweek. ♪ jason: welcome back. i am jason kelly. carol: i am carol massar. still ahead, artificial intelligen

where do you see volvo in the next few years?have been pretty aggressive when it comes to driverless car's, electric cars. give me an idea where you see the company in two to three years. >> we will continue growing. we will be a major player. focus onally going to the challenges for our business. we need to do something about our carbon footprint. as a safety brand, we need also to the leaders in the autonomous side because that is the next step. we are putting a lot of effort into those areas. perhaps, we will make volvo stronger for the future and march are active for consumers of the future. jason: just ahead, the ceo of airbus ventures. carol: plus, getting inside the nintendo headquarters in kyoto is not easy, but our order did it. jason: this is bloomberg businessweek. ♪ ♪ jason: welcome back. ahead, artificial intelligence to the rescue at hospitals. jason: we also go into the g league, which could be the salvation for college basketball. carroll column and a deep dive into nintendo. jason: one of our top reporters walked

for volvo.tial valuation, up to $30 billion. that will be a story we follow in the months to come. guys, back to you. >> that's a big story today. thank you very much, our phil lebeau back to the big story at m&a this morning, disney raising its bid for fox assets topping our parent company comcast but the bidding war may be far from over we're joined by "new york times" columnist jim stewart who knows a thing about disney himself good morning. >> good to see you what did you make of the move today some have called it a statement bid out of disney? >> well, i'm not surprised i think, you know, disney had been relying on regulatory hurdles to give themselves the edge here. that was the stated reason why murdoch accepted the disney offer. basically the rug was pulled out from under that with the time warner/at&t decision so they had to come up with a plan b, and i think the only plan b is money. who is going to pay more i felt this is going to turn into an old-fashioned bidding war. now i think th

>> and that volvo plant is a very big one.atie beck, thank you. >>> we'll turn back to the crisis at the border and go live to el salvador to see what happens to migrants after they're sent back from the united states. remember, many of these immigrants are coming from places like el salvador. when they return, what is in store for them? and one grandmother's prayers that her young granddaughter will be reunited with the mother, even if that's not in the united states. >>> and the president might preach america first, but that does not seem to apply to his hiring policy. a vox analysis of the hiring records for seasonal records at three properties reveals that only one out of 144 jobs -- that's a wow, went to the u.s. worker from 2016 to the end of 2017. foreign guest workers on h 2 visas got the rest of the jobs. e for loving you? you'll make my morning, but ruin my day. complicated relationship with milk? pour on the lactaid. it's delicious 100% real milk, just without that annoying lactose. mmm, that's good. lactaid. the re

>> julie: volvo is opening a new plant in south carolina.dish automaker says they will build cars in the u.s. and then export them to countries all over the world, including sweden. jeff flock is in ridgeville, uth carolina. there's been a lot of talk about tariffs. is volvo worried about a trade war? >> everybody in the auto industry is worried. they have based their strategy on being able to build cars here in the u.s. and ship them elsewhere as well as make cars elsewhere and ship them here. this is the first look at the assembly plant in ridgeville. in terms of the vehicle made here, the s-60, just got revealed today. it's a sedan. they will make it only here eventually here and ship it to china and sweden, which is crazy. it's the latest foreign automaker to make cars here in the u.s. a lot of big companies do. toyota makes a lot of cars here. they say quite clearly, you put tariffs on cars going either way, essentially you put a tax on the cars. listen to the ceo of volvo today on fox business network. >> that would mean that we of cou

phil, the ironic part is that volvo is chinese owned >> that's true we talked with the ceo of volvoaving a chinese owner and expanding here in the u.s. they're just starting up preproduction here still relatively quiet inside the plant. here's the deal with this plant and why it's so important. this is volvo's final assembly plant in the united states they have been selling cars for decades and now start building them here. when they're fully up to capacity in a couple years, 4,000 workers at this facility when we talked to the ceo earlier today he made a point of saying not evenly are we building vehicles to be sold in the u.s., but a number of them will be exported >> we export from the u.s. as many cars as we will inport impo the u.s. it will have a new trade balance thanks to this factor. i think that's a good example of how jobs can be created with exports. >> for global automaker with big aspirations like volvo sweden remains the biggest market, but sales growing rapidly in china where 20% of the business comes from reco guys, sales up this year are up 40%. a lot of optimism f

volvo's ceo says more uniform auto tariffs would ease the trade tensions. china lowered their tariffs a week ago, now they're back up. european union also, i think,sh ould follow america on the lower level. so if we will do that, i think se whole busin would be more strong and thesu crs would have it. >> reporter: right now the majority of vehicles s volvols in the united states are imported from europe with a remainder in china. many of the vehicles it sells will be built and exported. in the process, the brand intends to make a bigger impression with americans will become the latest foreign automaker to put down roots in the deep south. phil lebeau, "nightly business report," ridgeville, south carolina. >>> coming inup, pla a trip for this summer? watch out for travel fraud. 's on the rise and it's costly. >>> sales ofomxisting fell for the second straight month thanks to a shortage of properties on the market. the lack of supply pushed thece median pf a home to an all-time high and while sales fell nationally last month, they are red hot on the tiny isla

now volvos being made there. mercedes made in alabama. these are good jobs for american workers in these states, in these red states. and they could be hurt by higher cost of aluminum and steel to make these cars. as the congressman said, higher export tariffs on them going into other markets. that means fewer jobs, less economic growth. these tariffs are not going to help this trump economy. as he said, i don't think there's any kind of macro economic strategy here. there's a rhetoric to get tough on our competitors but the follow through is not there. >> everybody gets further a trade war. our economy is doing really well. we rely on exports less than other countries do. we do have the upper hand. >> it's been doing well because of the 20 years legacy going back to a free trade agenda that as a country our political leaders in the '90s said we're willing to accept the economic disruption of moving to a freer trade economy for the long-term growth and that's what we see. remarkable thing politically what the president's doing. here you h

it is a new era for volvo.than $1 billion to open a plant in south carolina, the first in the united states for volvo. jeff flock is there with volvo's u.s. ceo with an interview. jeff. >> reporter: i'm here in south carolina, perhaps behind me you see some vehicles which we will see live later today. i think they're not toyotas back there, are they? >> absolutely not. >> reporter: could be the f60 back there. thanks for coming on. did you know when you planned this plant that we were going to be in the middle of what some would characterize already as a trade war? were you that smart? >> we are very smart but we're not smart. >> reporter: congratulations on the new plant. i'm sure americans would thank you for coming here to make cars. a lot of automakers overseas make cars here. how you do as well. why are you doing that? and what is this going to mean in the midst of this trade crisis a that we're in right now? >> our strategy is to build where we sell our cars. so of course that's the strategy of the compan

pointssdaq gained nearly 56 >>> volvo is opening a new bratt.dd swh branlece the opening of the $1.1 billion facility yesterday. the redesigned s60 sports sedan will start rolling off the line in the fall. 4,000 people when it's at full capacity. >>> tesla is sugar a former employee at its electric battery factory. martin tripp hacked into the system and said the company used punctured battery cells in their model 3 cars. tesla wants an orders to stop him from disclosing information. >>> there's another big player. the world's largest movie chain amc unveiled a $19.95 a month subscription service to competed against moviepass. it allows subscribers to see up to three movies a week. amc's plan providesing a says to premium format screenings like imax and 3-d. >> wow. diane king hall at the new york stock exchange. thank you, diane. >> thank you, anne-marie. >>> still to come, a sneak peek at christmas. the holidays come early for dozens of military children in texas. child: bye, grandpa! and if you have heart failure, entrusting your heart to ent

the volvo s60, a sedan, and volvo now joins multiple other foreign automakers that make cars here in the u.s. a lot of them already do, and the curious thing about this one, though, this is the only place the s60 is made. that means they will ship them from here, everywhere in the world, like to china, make them in the u.s., ship them to china and one other interesting place. listen. >> this area, the suppliers have a great port, that is important for us week export cars. reporter: you are going to make them in the u.s. and export them overseas to where? >> all over the world. reporter: not to sweden. >> to sweden too. reporter: you will export cars from the u.s. to sweden. why does it make sense? >> that's the strategy with our cycle plan. we're a global company, and global we are global. reporter: it shows, neil, i think, just how interrelated globally interrelated the auto industry is these days. by the way, i'm going to show you interesting numbers, if you look at cars in the u.s., about 17 million last year, about 7 1/2 million were made by american automakers. gm, ford, fiat ch

get the macro people were concerned about cardiff hosting the volvo and whether there would be enough groups taking part in the village. this weekend when we leave i'm sure there will be crowds in the bay. on sunday these boats head back into the ocean, first of all to gothenburg in sweden and then finishing in the hague in the netherlands. by then their 115,000 nautical milejourney netherlands. by then their 115,000 nautical mile journey will be complete. the finish line is almost in sight. let's bring you up to date with some of our other stories here at the bbc sport centre. max verstappen was fastest in first practice ahead of the canadian grand prix. the red bull driver edging out championship leader lewis hamilton. liverpool have confirmed midfielder emre can is leaving the club after his contract expired. the germany international is expected to join juventus after refusing a new deal at anfield. jonny brownlee is hoping to put a disappointing 18 months behind him on home soil on sunday. he'll race in the world triathlon leeds, and you can watch it too. brown he park, we are re

the welsh capitalcardiff is hosting the latest section of the volvo ocean race's ‘in port‘ series.st october, these birds have sailed around the entire world, stopping in southern africa, hong kong, braziland america, and for the first time here in wales. these seven teams in vendors and grueling conditions out at sea, sailing through the night with little sleep for weeks on end. but this afternoon, things were a little easier for them as a traditional import race was held off the south wales coast. this mini sprint series is stored separately from the round the world marathon, and it was the race team that came away with maximum points. of course, they raise previously has only visited some of them portsmouth when stopped in the uk, but he will say —— so stopped in the uk, but he will say —— so says he is an impressive about his homeland have taken on the task of hosting. they were concerned about card of hosting the volvo and we have people here to support, but it has been great and busy every day. there habit school groups down, taking part in all sorts of things in the village.

dongfeng race team have won the volvo ocean race, after eight months of gruelling competition.om gothenburg to the hague to seal a narrow victory in the 115,000 mile round—the—world race. they had been in a three—way tie with mapfre and team brunel going into the final leg. you can get all the latest sports news at our website — that's bbc.com/sport. but from me and the rest of the sport today team, goodbye. hello. if you like your days sunny and your sunsets spectacular, this is the week for you. and your sunsets spectacular, a summery week ahead. and your sunsets spectacular, blue skies yesterday, almost uk wide. this is the scene in auburn. more of that to come this week. the sun will be a strong overhead, and for some of you, it will be pretty hot too. fluctuations in temperatures through the week. but essentially, high pressure has built in. if your garden is looking parched at the moment, that high pressure system will be with us all week long. that means it will be dry. but also, the high pressure is starting with dry air in it. the air is circulating around it through t

of car maker volvo is also worried it has a new factory in the united states and it says that if it doesn't pay off then there are jobs and danger and so there is a wave of concern going through the industry and it's all this concern also affected the market generally today and frankfurt and in europe and it's probably going to remain a concern considering the volume that's possibly at stake here well advance of frank thank you very much. bedridden greece has received around two hundred seventy four billion euros in three rounds of bailouts by the e.u. and the i.m.f. today eurozone finance ministers are discussing the terms of exit or greece's bailout program started organists twenty athens will be expected to stand on its own feet again and raise funds via the financial markets if you announce ministers will be deciding how to give greece some relief to pay back its debt that could be considering extending the loan repayment period in a strange greece will have to commit to further reforms which will be monitored by its creditors. our correspondent barbara visas covering the finance minist

we go to south carolina where we talk to the volvo ceo about the new plant there. wht

and we have the volvo ceo joining us to talk about the expansion of volvo in the united states a lotings coming up. >> a hugely packed show as always look forward to seeing you at 6:00 a.m >>> still to come on "worldwide exchange," the big battle for the cloud. up next, you'll hear from one of the fastest growing companies in this industry. we're speaking with mondo db when "worldwide exchange" returns. . >>> mongodb is one of the fastest growing companies in the cloud space. since going public last october the stock is up more than 80%. joining us now to talk about this is michael gordon, chief financial officer of money gogob let's talk about the data source business, what does mongodb do that's different than other companies? >> we're the leading modern database platform. the reason why that's interesting or relevant for investors, we're at the heart of a large and strategic market so many companies today are going after and competing on the basis of competition is software and technology, the heart of that software is the database. you see people like ge advertising for developer

>>> i'm phil lebeau in south carolina where volvo is opening its first u.s. final assembly plant. those details coming up. >>> and i'm kelly evans. amc is out with its own movie subscription service the ceo will join us in a cnbc exclusive. "the closing bell" starts right now. ♪ >> i had forgotten about this song that was a good thing. >> it's good to be reminded. >> no, it's not. >> it's fun. it was terrible. >> this is actually the perfect song for this story. >> i don't know if we could super-impose rupert murdoch's picture on >> welcome to "the closing bell," everybody we'll get to all of these stories in a moment. fox is the big news today. we'll show you what's happening with the shares. but here's a check on the broader markets. the dow which we'll be talking a lot about today swinging more than 170 points. down about 47. i'm going to keep going. >> let's get right to that top story. julia boorstin on the latest for the fight for fox. julia? >> that's right, wilf. fox and disney agreed to a new deal disney now paying $10 more per share which adds up to $71 billion for the f

of the volvo ocean race, thanks to partners helping us, volvo cars mainly, and we are thinking it isd number of goods, so we need to rethink the way we consume plastics. you will be addressing this summit today, what sorts of things will you be saying to them? how can we tackle this issue? we have created a series of seven ocean summit across the world, and the idea is not to be too doom and gloom about the subject, because everyone has a role to play, and these summits are gathering the influences, the private sectors, government and private sector, to showcase information and really inspire action. and you are looking to communities, governments, businesses, orders everybody need a sta ke businesses, orders everybody need a stake in it? well, everybody has a role to play, even the kids. we have launched an education programme for kids, and at school they have a role to play. the subject is for everyone but it is a platform for innovation and creativity and how you rethink your life, in fact. thank you very much indeed, good luck for later on today. it is a major issue, and we have

you could say volvo would have a neutral trade balance.ctory i think that's a good example of how jobs can be created also with exports >> you get about 75% of the vehicles you sell in the u.s. right now from your facilities in europe. and obviously the trump administration has said, you know, we're not crazy about the fact that vehicles coming in from europe have a much lower tariff than what we send over there to europe. do you think the european union adjusts that and changes so there is a level, uniform auto tariff >> we believe in free trade. that's good for the consumer i think the harmonizization should be on a low level i don't understand why we need any duties so yes, i think it was very good china lowered their tariffs. now they are back up and the european union also i think should follow america on the low level. if we do that, i think the whole business would be more strong. and the consumers would have better products. >> there are a lot of people worried about what we call the trade tariff whiplash. china lowering and coming

they are going to make here the volvo s-60.eally back here. >> it's true. it's a beautiful piece. >> they say thank you, volvo for coming to the u.s. did you know something by the way? did you know donald trump was going to be elected? did you know there was going to be a trade spat and that's the whole reason did you this. >> no. we are smart but we are not so smart. >> you are bringing 4,000 jobs to america. >> great products. >> why did you do that before you knew we would be in this situation. >> we have a strategy to sell. building in the u.s. plus 41%. and then in this area you have the suppliers. have you great port and that is important for us because we go to export cars. >> you are going to export, make them in the u.s. and export them overseas to where? >> all over the world. >> sweden? >> to sweden, too. >> export cars from the townhouse sweden. why does that make sense? >> that's the strategy with our cycle plant. we are a global company and we are global. >> tell me that's news. i didn't know that until you actual

that is it, it is all over. 2—1 to england against tunisia and volvo grad. lively themm has been both in and outside of the stadium. in town today the tunisian fa ns were stadium. in town today the tunisian fans were the loudest. —— has the atmosphere been lively? they would not normally see the sort of a mr rennie carr this. it is not known for huge sports events like this. but the police were relaxed than letting the fans get on with it. many england fans were in town and wearing the shirts, they were keeping a low profile and keeping a wa ry keeping a low profile and keeping a wary presence throughout yesterday but today they came out and were wrapped in their flags, but today they came out and were wrapped in theirflags, too. they came to the stadium hoping that england would win. i think this is the first time england have won in the first time england have won in the opening match of the world cup for some time. hopefully this was the one that england could clinch and they have done that. we heard the roars of relief and the joy from england fans. we a

the threat comes just days after the swedish automaker volvo ened its first u.s. plant in south carolina. the ceo called for all countries to lower auto tariffs. >> we bel ve in freetrade. that's good for the consumer. i tnk the -- it could, of course, be at low level. i don't understand why we need it at all. >> the increased trade tensions are not stopping automakers like general motors from continuing other ease production in countries. in fact, the new chevy blazer will be built in mexico and imported to the u.s. gm's vehicle exports from mexico are up 39% this year with mmy of t winding up north of the border.ar a c indication automakers are not slowing down plans to build vehicles o iner countries despite threats from president trump to increase tariffs on those imported models. phil labeauic chago. >>> time to look at some of the today's upgrad and down grades in the market for a second day. nike was downgraded. this time at buckle ham research to neutral and brie buy. the analyst seesrganizational anges and inflation bringing in some risk, but overall rema

ninety platform it will go on the market with gasoline and diesel engines and volvo plans to add plug in hybrid engines as well the the sixty will be the last will vote to offer a diesel option the plug in hybrids provide between two hundred fifty and two hundred eighty seven kilowatts and are likely to put further pressure on diesel sales to. be at the ts journalist in his patriots in the german city of cologne today we're going to show us its new test center. forwards cutting edge whether factories designed to test vehicles and all kinds of conditions we start out and the high altitude lab it can create wind speeds of up to two hundred fifty kilometers an hour it can also simulate the air pressure founded altitude of up to five thousand two hundred meters higher than western europe's highest mountain. it's a global. first for the industry. here the engineers can test how brake fluids and other liquids stand up to the extreme conditions. the next room is not a wind tunnel but a multi-purpose test chamber equipped with wind generators a roller and dynamometer and temperature control.

what it means for that state's economy and for volvo's chinese owner. we start with the big story of

even volvo is opening a plant in south carolina and wednesday and so everyone's going to build here in the u.s. and that's what's going to cause more products being used here to be built here and until that tariff balances out and we don't know what the results of that are going to be right now it's you know they're playing this negotiation game back and forth we're all in limbo every manufacturer just going to try and build as much as they can here for this industry for this area for north america and we'll see what the results are not in the end but right now the red ford does not surprise me it's a very popular crossover lauren were fresh out of time but thank you so much for being with us lauren fix the car coach and the president of the north american car utility and truck of the year old ward thanks for being with us lauren. thank you and that's it for now catch us at boom bust slash r t we'll see you next time. i'll see you. yes phone no i don't have what was the last time that you went on the internet no i am not using to meet these village is it safe to go from. a sure there i

reporter: plenty of swedes still involved in the volvo corporation or company, however.ing a live exclusive look inside where they unveil the vehicle they will make at this plant. that is the s-60. it is under wraps. unveiled in the next hour. that will eventually be made here exclusively in the u.s. and shipped all over the world. what does it get them? a billion dollars worth of investment in south carolina and 4,000 jobs potentially to make that car and eventually the xc-90, the big suv i asked the global ceo of volvo why the u.s., why south carolina? >> we need to make a sign of commitment to the u.s. consumers and to our partners here, the retailers, i think if we want them to expect, invest in a brand, we need to invest in a brand. we need to be locally here to continue growing, and then of course we think we have to be in the u.s. reporter: i, i asked him, mr. samuelson, were you smart enough to know that donald trump was going to be elected and demand companies open more factories in this country? he says we're smart, but we're not that smart. stuart: okay, jeff,

what it means for that state's economy and for volvo's chinese owner.

build a planto that volvo announced in south carolina early today was probably made many years ago.ncertaintyus surrounding the trade environment is concerning to our members. and concerning to car companies across the country. the certainty of understanding what the rules are. maintaine can set and a long supply chains that as you observed earlier, are important to keep manufacturing in the u.s. competitive. thank you so much. president and ceo, john bozzella , appreciate it. we will be talking about trade further. speakn david westin will with u.s. commerce secretary wilbur ross on bloomberg daybreak: americas tomorrow at 7:00 a.m. new york time. this is bloomberg. ♪ this is bloomberg. ♪ ♪ shery: this is "bloomberg markets." y i'n in new york. amanda: i'm amanda lang in toronto. cb insights is holding the future of thin tech event in new york. erik schatzker is therefore an interview with director of the u.s. office of management and budget as well is the acting director of the consumer financial protection bureau, mick mulvaney. let's listen in. pleasantlyas surprised by when i g

parts for cars that go into bmw's and volvos and the same thing with boeing. so it affects the cost and you just can't start a factory up overnight and produce something that we're not making. the pricing. these companies have prices out for months. that's why we hope it will be phased in and, you know, we import over $630 million in aluminum and steel. so it's a big deal for south carolina, as it is for all over the country. elizabeth: you talked about car parts and there are sort of two competing story lines here because we talked about wilbur ross, the commerce secretary being in china. there was an announcement that there may be some lowering tariffs from chinese goods. so do you have expectations out of this weekend? could those items be replaced? how does that work? >> well, it takes time to replace items. and as you know, canada, mexico, the 27th countries in the eu, they're friends of ours. china is a different story. but, you know, our -- we hope that the countries that are friendly with the united states, that they will be given some latitude on the

. >> volvo is opening a new plant in south carolina to build a s60 sedan for all over the world, includingack in china. given all that is going on in the world with trade, why south carolina? >> first of all, with all the nervousness, we are very glad we are here with the local factory. without that, we would be more worried about the future. we looked into various alternatives and we came to the conclusion that it is important for us to be local in the u.s. >> could china impose tariffs on you exporting cars back to china? >> it could very well be. right now, there are important -- import tariffs to china. i think it was a good move some weeks ago when they lowered that to 15 from 25. we believe in open trade and two it should be in two ways, and i hope we can meet on the low level, not on the high level. that would be for the consumer'' beneficial solution. >> sources telling us an ipo is up to three times its forecasted 2019 profit. the largest public offering in two years, though valuations of the company could be as little as half its initial goal. >> there are a lot of questions abou

it's b, volvo. held by a american urban gordon and his 1966 p1800. ♪ >> sherri anderson and her four siblings are putting their strange inheritance up for auction, 59 classic cars lovingly restored by their late father, cal phillips. steering the process, brittney edward at dealers auctions of idaho. what's your first reaction when you walk on somebody's property, and you see how many cars? >> my jaw hit the ground. i couldn't believe what we were looking at. in one barn, there was a model t, the rolls-royce, the bentley. it was crazy. i couldn't believe what we saw. >> would one of the determining factors in this auction being a success be the diversity of the collection? >> i think that definitely is the case because it'll bring in a whole variety of car buyers. >> was his goal to make it up to factory standards or something less? >> i think he wanted to be to cal's standards. a collector who wants a museum-quality car, that's probably not what's in this collection. >> brittney tells me cal's coll

what it means for that state's economy and for volvo's chinese owner. we start with the big

volvo or some of the suppliers or the big manufacturers that have a global footprint, they will be lookingely. daimler might be the first, but i imagine not the last. bmw makes a lot of cars in spartanburg. new site down the road from bmw yesterday. the car industry is built on this premise of free trade, open borders. this is the question that is now being asked. builde have to everything, everywhere, to keep manufacturing local? matt: you typically mentioned free trade is the way of the car industry. charged on0% tariffs u.s. cars sold in europe. will we see daimler push to get that changed at the european union level? because it is the european union, you can't have a single country rolule. there will have to be some initiatives. we know the u.s. ambassador to shuffling playing, back and forth, trying to sort this out. german carmakers have said they would not mind seeing the terrorist import help, but this has to be a european initiative. there are talks going on, but nothing concrete at this point. guy: are managing editor for global business, and it it, thank you very much. you can i

it's a niche he claimed for himself when he arrived from the mainland with his wife and this aging volvor years ago. plenty of time to get the feel of the place. you know everybody on the island? >> galli: i know them and their shoe sizes. and like i say, there's no secrets on an island, so... >> kroft: so what are they talking about this week? >> galli: mainly you. ( bagpipes ) >> kroft: it's not like they don't get visitors. 12,000 tourists came here last year, most of them to spend only a few hours. there are very few places to stay. we were going to be here for days, asking questions about eigg's quirky history, and everyone directed us to maggie fyffe, the island secretary, who landed here 41 years ago, after touring afghanistan in a camper. >> maggie fyffe: i never imagined that i would spend the rest of my life here. >> kroft: does that mean you like it? >> fyffe: i think so, yeah. ( laughs ) >> kroft: it was 1976, just after the entire island had been purchased by a wealthy english toff named keith schellenberg, who became the seventh laird of eigg. >> keith schellenberg: welcome

starting to see it happen across the board, whether it's with car makers like cadillac, poresche or volvoody will be doing it we're entering a new era where the car will be a service. >> what does that mean in a country like saudi arabia, where you have women driving for the first time we have reports out there that ride sharing and new tech start-ups focused around the car industry could really have a big impact. >> i don't think it matters where you're talking about around the world the concept is a huge issue. 1.5 billion on planet earth carrying nearly 70% of that would be classically be defined as subprime automotive debt. are we forcing people who are getting started in life or financially in the most vulnerable spot to take on crushing debt in order to get the basic access to transportation that they need to get a job or to feed their families and so this idea that there's a new way to access mobility and get a vehicle is a big idea and will apply everywhere around the worl world. >> we're showing a stock board of tesla as you're tal with us production numbers, whether they'll hit

this is a lakota volvo. all it took were some branches from a willow tree and one hide from a buffalo bull to construct a bobo. they could be built very quickly and they enabled the lakota or sometimes two people at once to cross rivers with such strong currents that, in many instances the american calvary thought , they were uncrossable. and for me, this is an image that speaks to the continuities i have found between the sea and plains to the west when it comes to the story of america. because you know, colonialism , was a process going on all over the world in the 19th century. wars like the little bighorn were being fought in africa, india and the middle east. there's something different about the american version of this process. we are living with the legacy every day. and in many ways nothing ended at the battle of the little bighorn. and the lakota had billy garnett, who was a lakota interpreter claim that the lakota believe that the first white man came from the sea and garnet said the sea was also

republicans looking to energize conservatives over a volvo to replace justice kennedy on the supreme. conservatives like rush limbaugh think this tilt is in the president's favor. >> let's review. supreme court has been climb back freedom for the american people at breakneck speed." but it doesn't matter. a win is a win and the guard. trump endorsed candidates winning on the republican side. bernie sanders socialist communist winning in key places on the democrat side. >> shannon: let's talk about it with the panel. fox news contributor leslie marshall and radio host larry o'connor. you are both in the same studio. we have bouncers standing by. let's talk about this win last night, this very young upstart challenger in new york taking down the number four democrat in the house. she's a former bernie sanders organizer. she's a socialist at least in part, describes yourself that way. larry, the democrats going to embrace? is this the wing of the party? >> i think they have to. i think it's bernie sanders party. we opposed trump, there have been there any other ideas. 2016, we like to t

volvo are worried if tariffs go down 4,000 workers in south carolina could be out of a job so the hurtting american workers, and our that is -- >> i would say a time of 3.8% unemployment does not a lot of hurt, i mean we have -- we are dealing with. >> south carolina -- >> that is the pain. dagen: one thing i don't understand, with the european automakers 4% of cars sold in united states, are made in germany every year. these are companies that employ thousands american workers in fact foreign automakers will sit this year, will build more cars and trucks in america, than the detroit three. . >> i agree. dagen: they are incredible employers in united states couldn't we figure something out i want to get to president trump tweet i have tried to stay uninvolved, with the department of justice, and fbi. although i do not legal have to because of totally discreditors very expensive witch hunt currently going on, but you do have to ask why the doj and fbi are not giving over requested documents. question mark. judge napolitano talks about that very thing, coming up, aiming to appease apple

could you see a volvo eight? higher rate?see a a 10 year yield. five-year a little bit less.better than zero. it is not exactly the financial repression we nuclear four years ago. it is getting better. still, we're in for a long time thatnancial repression should be around 2% real. or 75 basis points. >> i wanted to talk about performance. it has been a week in which everyone has reported on your fund's performance. you the right to respond to what has been criticism. can you talk about how you have set up. inthere has been a strategy the german bund. between the two is historically high. for instance, on the 10 year u.s. treasury is 250 basis points. it is never been at that level. theuld say in terms of labor market, for the u.s., on , 220 basis points, higher than in germany. i would suggest at some point this has got to reverse. states are the night equal credits. what is the difference except fed inction and the terms of their monetary policy. that was the basis for the bad day and bad trade that not the basis for the negative publicity from the new york times. , i think