roger alm, president, volvo trucks.ing, the market open for 40 minutes, it continues to selloff a lot of pain. i was just sent a chart of the dax reaching, a key technical indicator. it seems this might continue if we are losing support lines. tom: 1.72 is the loss on the dax. now below the 200 day moving average. more selling pressure building up for german equities. this is not just a german story, it is across the european space, and how policymakers address challenges around energy. and whether investors are pricing this in properly. if they were not before, they are now. what will that mean for central banks? dani: andrew bailey has been vocal saying raising rates will not bring more semiconductors into the industry. there are limits to monetary policy. we will discuss the clashes a business over supply chain issues ahead of the prime minister's conservative party conference. we will have all of that covered for you next. this is bloomberg. ♪ tom: welcome back to the open, 43 minutes into the european trading day.

volvo group releases the first fossil free vehicle.ll speak with the cheek -- chief technology officer, lars stenqvist. amanda: markets in positive territory. the s&p 500 doing well today, just merely positive but trading at high levels of the nasdaq is the weakest of the three but look at the 10 year yield, a bit of a m yields. u.s. five-year at levels not seen since february 2020. we will get the balance between rate expectations and the corporate earnings. we are seeing individual names suffering if they don't deliver what investors were matt: hoping to see. -- hoping to see. matt: bitcoin getting smashed after shooting well above 66,000. debbie someone -- maybe somebody will come in and buy the dip. volvo unveiling the world first vehicle using fossil free steel, with hydrogen being used as a fuel instead of carbon dioxide emissions and as well as being autonomous, at least it doesn't have a cab. it looks cool. joining us is the chief technology officer, lars stenqvist. a lot of people confused. you are at volvo group and you make

coming up, volvo cars making its debut.s is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the european trading day. here are your top stories. disappointing tech numbers. apple and amazon tumble, sparking fears of an unhappy holiday season. facebook announces a major rebrand. ecb high combats stay alive after mild -- hike bets stay alive. french gdp surprises to the upside. key interviews this hour. volvo cars rises on its first day of trading and we will speak to the chief executive. first things first, this is what the markets are telling us. a lot of these equities are being supported by some of the corporate news that was not bad at all. the other things we are watching out for, the european central bank renewing its pledge to conduct emergency bond buying at a moderately slower pace. christine lagarde acknowledged inflationary pressures that will last longer. we need to look at some of the industries and sectors that are moving the most and it is not only technology stocks, but a little bit of pressu

dan, i spoke to the ceo of volvo cars last week volvo has ambitious plans to go all electric in justew years, 2030. and they are focused not only on the changing car itself but the changing way consumers may own cars in the future they're putting a lot of emphasis on the subscription model. what do you think of a subscription model for electric vehicles is that the future >> i think when you look at subscription, i think it's more around the broader tesla model in terms of buying a vehicle and then ultimately the software subscription that comes with it. i think we're going to see all shapes and sizes in terms of evs. you'll see subscription, you'll see more and more of a software piece. and i think what companies like volvo, gm, and others are looking at, now it's the customer base and conversion to ev and software services subscription that's why i believe the stocks get rerated, traditional auto companies it's why our view could double in the next few years because of the shift in evs, not just the u.s. but across europe. vw is an example of that. >> clearly you're a bull of tesla

volvo is owned by a chinese automaker.ording to dow jones, the scottish eddie has 15,000 hotel rooms and expects 25,000 guests. airbnb is offering bonuses for those who list their homes during the summit. two cruise ships can accommodate several thousand people. it was bad enough when bars were closed for months. more bad news. the favorite drink may be more expensive. the ceo said the company must become more aggressive on prices going forward. they are feeling the heat of higher logistic costs. that your bloomberg is this flash. alix: i would be interested to see the price impact. if you are a can party lever, i can't imagine you would be upset by higher prices. demand is still going to be there. francine: we spoke to the chief executive earlier on. you been drinking at home moderately. then they say that across the drinks they have, they are going to increase prices. it's interesting that he did not pinpoint what he will increase prices on. maybe you will be spared. it's a more expensive third-year scotch that will incr

did you guys hear about the volvo recall it's not good.ing another 195,000 vehicles in the u.s. because the driver side airbag can explode [ laughter ] >> tariq: explode? ah, man, i just bought a volvo [ light laughter ] >> jimmy: geez, i'm sorry about that tariq >> tariq: it's okay. i still have my old ram truck. i've had it turned off for a a while, but it should be fine >> jimmy: oh >> tariq: what "oh?" oh, what >> jimmy: roll the clip. >> ram is recalling more than 130,000 trucks because they could catch fire even when turned off [ laughter ] >> tariq: what how am i supposed to take my kids trick-or-treating this weekend? >> jimmy: i don't know i'm sorry, tariq >> tariq: i guess i can give them some snacks from around the house. i mean, i just bought these really good citterio-branded premium italian- style salami sticks [ laughter ] >> the cdc is issuing a recall on the citterio-branded premium italian- style salami sticks >> tariq: oh, come on! [ laughter ] >> jimmy: i'm sure -- i'm sure you'll figure something out. >> tariq: what el

. ♪ emily: other headlines we are following, volvo says chip shortages and supply chains continued to making. the company says the disruptions and shortages in the production of trucks and other parts will continue, but volvo reported a third quarter adjusted operating profit of $1.1 billion, beating estimates. south korea successfully launched a home developed rocket. the 200 ton liquid fuel rocket lifting off the southern coast, then released a dummy satellite into orbit. south korea sees its rocket program as boosting competitiveness in six g communication while attracting attention from neighboring north korea adds to its missile arsenal. that does it for this edition of "bloomberg technology." tune in tomorrow, we are here with intel ceo pascal sutter to talk about -- i love talking to mark. i am emily chang in san francisco. this is bloomberg. ♪ >> the following is an important paid program by humana medicare

we will be getting volvo short league. we get sales from print elbow cars. the turn of the u.k.vyweights. we get results from barclays and a trading update from unilever. a lot of micro dominating the markets this morning with all these earnings. let's see what's happening in the broader picture and markets this morning. let's get to juliette saly in singapore. the corporate news coming fast and thick. is there any overall theme to the markets this morning? juliette: we are seeing a little bit of a risk off tone. still a lot of concerns about inflation, china's property sector. s&p futures dipping slightly after we saw more games -- gains coming through on the s&p 500. probably no surprise that there's a little bit of a potential fall back coming through on the wall street session. in a shirt, stronger yen. two days of gains. china's property sector. ever grand coming back online after they say it is scrapping the seller. the cash crunch weighing into its shares. more broadly, the property index in hong kong holding up quite well. comments coming through from the vice premier sa

i think he fixed more than 35 volvos for people. and it just speaks to the kind of person he was. he once said, let's everyone be kind to each other. so in addition to the extraordinary career, you just have quite a man there. >> one of the things he got such a kick out of was that he had come in third in the presidential race in 2016 because there was some errant electors who had voted for him and so he had framed a copy of that because he thought it was so amusing that somebody had written him in. sanjay, so obviously general powell's death is not any evidence of anything negative about the vaccines, but as you talked about how multiple myeloma, the blood cancer he suffered from, could compromise his immune system. his age, 84, that makes him more vulnerable. but what about the fact he was a survivor of prostate cancer and the fact he was somebody fighting parkinson's disease. would either of those compromise his immune system? >> i think there's less data on that. with parkinson's, it may sort of make recovery difficult if someone has covid but it's not as clear cut of an impac

by volvo about replacing the airbags. the skyrocketing cost of fuel is not just affecting cars, planes as well as jet fuel prices rise. is -- airfare is expected to increase as well. combine that with the travel surge airlines are currently experiencing, tickets are expected only to get more expensive. if you can, lock down your travel dates and consider booking sooner rather than later. and we are talking about december travel, get on it now, really. dan: time is getting short. thanks, mike. kristen: governor newsom's administration took another step to wind down oil production in california. the state's oil and gas rela proposed a ban on new oil drilling within 3200 feet of schools, homes, and hospitals. governor newsom says it is needed to protect public health, since studies show that living near a drooling site can elevate risks of birth defects, cancer, respiratory problems and other birth issues. >> this is about our kids and our grandkids and our future. a greener, cleaner, brighter, more resilient future is in ou

others setting ambitious goals, ford, niecean, honda and volvo tesla is still tops in ev markets.t is predicted it will fall to 20% by 2025 let's bring in michael ward, he has a buy rating on gm and ford. michelle krebs is executive analyst at cox automotive. michael, do those market share numbers for tesla seem credible, that they would fall from the 70% neighborhood rather quickly to 25% or so >> absolutely. it is a numbers things two things favor general motors and ford on the electric vehicle side in the u.s. first thing is capacity. gm is going to be converting three current assembly plants for electric vehicle production. the second thing is the commercial segment of the market they are dominated by general motors and ford. when you look at the electrification of vehicles in the united states the total cost of ownership, new product and the social pressures and functionality for electric to the commercial side of the mark all favor general motors and ford >> so, michelle, if tesla can continue to hold on to a number one or number two position, who is going to be the next one

and i think of him tinkering with his volvo for years. there are so many ways to think of this man.or going on for so long, but this is very personal. >> no apology needed. it's rare when you have covered someone for years and years and look up go him as you do. dan, how is the pentagon looking at this this morning? >> very closely. he was a role model for american and african troops in particular. he was there at the table when the u.s. was really at its most successful and powerful. that was during the gulf war, during h.w. bush's administration. he was believing the reporters and public about the course of the were and the gulf, and there was this quiet confidence and gravitas. i think for the military he represented humility, quiet confidence, and not haphazard interventions. he opposed using the military as a first resort. his notion was you use it as a last resort, and you'd better know how to get out. the iraq war was a painful experience for him, and he had the wellingness to admit it was a blot on his record, the speech he had to make at the unsecurity council making the ar

she built all lucre a shorter, more coverage of a volvo, vol. gosh cooper, keshawn audrey a regular vancouver. it was for doug celebrities, layla to see she sung in, erica, she daveille, fletcher brought bob jarvis put really there a don't yell the french army knew it could behave, however, it light because it would be supported by the french authorities. regardless, the number of epolina attacks decreased and its leadership was gradually eliminated . among the arrests was the milk bard bomber. zora address is a tell they p. bullshit, the from behaviors who he pre asia feel super high. these are the paulette paul de la. dr. winful deal. okay. any deal on it? is that through math and english, more soberly. book a very good me call. no as quick, so cook up on it. the other thing, if i did wanted the 20th to let dr. pond on caesar, maxima, basketball, nauseous, talkative, peers, shashi to clear class. he proceed door. yes. earlier he, we are mon pu or monte left but the crackdown in algiers also triggered a french crisis of conscience. intellectual

she built all lucre a shorter, more coverage of a volvo, vol. gosh cooper, keshawn all re a regular vancouver. it was for doug celebrities. layla to see she sung in erica, she daveille, fletcher, broadcom generated pin really 0 to audio. the french army knew it could behave, however, it light because it would be supported by the french authorities. regardless, the number of ethylene attacks decreased and its leadership was gradually eliminated. among the arrests was the milk bard bomber. zer, address is a tell they p bullshit. the if from behaviors he p asia feel super high. these are the paulette paul de la. dr. early for deal. okay. any tilden it is a premier and english more soberly book a very good me call no as quick so cook up on it. the other thing, if elliot prompted the 20th to let dr. palm, now caesar maxima, basketball, marcia talkative, tis the shashi to clear class if i see a door. yes, earlier he were mon pu, all normally left. but the crack down in algiers also triggered a french crisis of conscience. intellectuals like false why

luke or latasha from gemalto. luke, on your leave, she built all lucre a shorter, more coverage of a volvo, vol. gosh cooper, keshawn audrey a regular vancouver. it wishes fit dog celebrities have ada. to see, she sung in, erica, she daveille fletcher brought on genevieve, priscilla don't yell the french army knew it could behave however it light because it would be supported by the french authorities. regardless, the number of epolina attacks decreased and its leadership was gradually eliminated . among the arrests was the milk bard bomber. zuraw dress is he tells a p bullshit the if from behaviors who he pre asia feel super high. these are the paulette paul de la dr. winful deal. okay. any deal? it is a rumor and english more soberly book a very good me call. no as twixt all cook up on it. the other thing. if elliot prompted the 20th to let dr. pond on caesar, maxima, basketball, marcia talked to tim shashi to clear class. he proceed door. yes. earlier he there mom pu hormonally left but the crack down in algiers also triggered a french crisis of conscience. intellectuals like pulse why

aside from his serious side, he loved to laugh and actually rebuild old volvo cars. >>> former secretary of defense leon panetta is among those remembering colin powell tonight. i spoke with mr. panetta earlier this afternoon about powell's legacy. >> i think of colin powell as really one of the finest military leaders in the post world war ii era, because he was totally dedicated to men and women in uniform. he was dedicated to protecting our national security. and he was dedicated to our country. >> you can watch more of my conversation with mr. panetta in our 7:00 p.m. newscast including what he thinks is general powell's lasting impact on our country. >>> former president trump is suing the committee investigating the january 6th insurrection and the national archives. his lawsuit seeks to block any handover of documents to investigators claiming they're protected by executive privilege. and today in new york city the former president is seen leaving trump tower after a four-hour deposition. he was questioned under oath for a lawsuit stemming from a 2015 protest three months after an

were worried about their legacy and how that would affect him, but his greatest hobby was to fix volvose had gotten well beyond his expectation from youth. i think he was a happy man. every time you would see him in a public event, he seemed to be positive. sure, we call that an asterisk on the season, that in his entire career, there was that one error in his mind, but i think he was mature enough and had to get enough self—conscious not to worry about that. get enough self-conscious not to worry about that.— to worry about that. retired brigadier — to worry about that. retired brigadier general _ to worry about that. retired brigadier general speaking l brigadier general speaking there to me a little earlier about collin powell's legacy. in other stories, china has denied a report that it has tested a nuclear capable hypersonic missile. china has denied a report that it's tested a nuclear capable hypersonic missile. china's foreign ministry spokesman acknowledged that a test had been carried out, but he said it had just been a routine spacecraft check. but there are concerns in washin

but colin powell's greatest hobby was to fix volvos. it was a very humble man.d his expectations from his youth. i think it was a happy man. every time you would see him in a public event he seemed to be positive. so, sure, we call that an pass trick on the season that his entire career, there was that one error in his mind but i think he was mature enough and self—conscious enough and self—conscious enough not to worry about that thing. china has denied a report that it is test a nuclear capable hypersonic missile. a spokesman acknowledged the test had been carried out but he said had just been a routine spacecraft attack. but there are concerns in washington that the new technology could undermine us defences. from beijing, he was our correspondent. initially the financial times newspaper reported that it had several sources saying that china had tested a hypersonic live vehicle — in fact, a nuclear—capable hypersonic live vehicle — and that this had taken the us intelligence agencies completely by surprise. now a hypersonic missile would travel around the glo

worried about their legacy and how it would affect them, but colin powell's greatest happy was to fix volvosy humble man. he felt that he had gotten well beyond his expectations. i think he was a happy man, every time you would see him in a public event, he seemed to be positive, so sure, we called an abstract on the season, that in his entire career, there was that one error in his mind, but i think he was mature enough and how to get enough self—conscious to not worry about that. enough self-conscious to not worry about that. �* ., enough self-conscious to not worry about that-— about that. brigadier general mark kenneth, thank— about that. brigadier general mark kenneth, thank you _ about that. brigadier general mark kenneth, thank you for _ about that. brigadier general mark kenneth, thank you forjoining - about that. brigadier general mark kenneth, thank you forjoining us | about that. brigadier general markl kenneth, thank you forjoining us to discuss the legacy of colin powell. meanwhile, british prime minister, borisjohnson, has led tributes in parliament to the conservative mp sir d

later today, volvo will ipo on the nasdaq.slashed the public offering by a fifth, making it the latest a pullback from equity markets roiled by energy costs and supply chain issues. just to illustrate moves we are seeing come of the overall picture through asia is a weaker one, down 0.4%. in the middle column, sovereign bonds showing the australian 10 year with a jump in yields. another day where the rba did not come to defend the yield targets it has on government debt, and as a result the market is asking if we see a change in policy, will it come next week? in the context of conversations we were having about energy, some of the energy -- looking at natural gas, it is trading weaker as of late. a fairly mixed picture with energy. other assets, msci asia showing weakness. european futures are pointing to the downside. ftse futures down a similar margin. nasdaq futures, because we have so much news around tech overnight from amazon, apple, leading to concerns around supply chains. just as we heard from companies that deliver

was a very long way of saying later this week i will be speaking to the chief technology officer of volvout those efforts. we continue to follow the apple event. apple stock has risen. we will bring you all the breaking news after this break. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes yo

volvo says chip shortages and supply chain disruptions will continue to cap its stock making, forcingfacturer to turn away from customers. the company says the disruption in the production of trucks and other parts will continue. the company reported a third quarter adjusted operating profit of $1.1 billion, beating average analyst estimates. new south wales jumped 89 for the day before to hit 370 inspections. is the biggest daily increase since mid-september and comes 10 days after the state issued a widespread lockdown that lasted -- following a flare up in northwestern provinces. cases are spreading across the country to beijing. eight provinces have reported infections in the last week, fearing concerns china could see another widespread outbreak. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. ♪ >> we have given people a lot of time, first of the voluntary phase and then in the vaccinate or test phase. it is time to keep moving. for the vast ma

there is a difference between the boe taking back some of the punch volvo versus slamming on the brakes the economy. they are not looking to do that. look at the longer-term. we have seen this 50 basis point spike in yields just in two months, up 100 basis points since last year. oil we have not seen this high since 2018. on the interest rate front, we have barely seen a move if you look over a 10 year. . we are at historically low levels. if we go through our quantitative valuation work, even if we saw gilts jump to 2%, which we are not anticipating, we get a half-point, half multiple point on valuation. it is not that big of a deal at this point given hello they are. -- given how low they are. dani: you have this u.s. private equity funds linked to pay 40 u.k. groceries, and we did not see those prices in u.k. markets. i wonder if the u.k. audience, if there is a sentiment issue. you can have international companies happy to pay valuations on u.k. markets, but the u.k. markets themselves do not see able -- do not seem able to live up to those. tim: there is no doubt there are points o

volvo rising, after raising $2.3 billion in an ipo.rs are buying into the company's turnaround and the promise of an electronic future. and leon black has escalated his conflict with a former russian model who has accused him of sexual assault. he has sued her, her law firm and others, saying they are behind a conspiracy theory to destroy him professionally and personally. black said he had a consensual affair with her. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm john hyland. this is. bloomberg -- is bloomberg. ♪ >> it is time for us to adopt a new company brand, to encompass everything that we do, to reflect who we are and what we hope to build, i am proud to announce that starting today our company is now meta. tom: kailey leinz, help. lisa: [laughter] he is unimpressed. tom: please explain this. kailey: i wish i could. we have to think about this conceptually, it is moving toward a cloud performing platform and it does not want to be

california and china and tesla is building a new factory in texas geely auto plunged 30% from a year ago volvo warned sales for the second half of this year may extend the fall due to material shortages. the global component shortage has caused major manufacturing delays and pushed several car makers to scale back output. >> reporter: as expected third quarter sales in the united states were lackluster for auto makers, they were down right ugly because the chip crisis has hurt the supply of new vehicles, there's not enough vehicles at dealerships for people to buy. gm stands out with sales dropping by almost a third compared to a year ago honda and nissan down 10%. toyota, it did not release third quarter sales numbers on friday but said in the month of september, sales dropped more than 22% and again, toyota in the same boat with all other automakers hurt by the chip shortage, are things going to improve for automakers maybe. but they expect the chip shortage to improve in the fourth quarter they have all plants operating in some capacity here in the united states. maybe not in full operation

the wine industry facing major volvo next.s bottles and wood barrels are very scarce at the supply chain crunch has reached the vineyards in napa valley. we are at a winery in california. >> california that the perfect storm, the demand is certainly there we saw how the pandemic increase consumption as we dealt with it that way. not only is wine country dealing with the supply chain it's in the midst of a severe drought after a very dry 2020, it is expensive the worst year on record, production averages down 20% some arsine 60% but droughts are not new to the small business that defined the wine industry, the supply chain crisis is. >> that is difficult to come by, fertilizer prices are through the roof. we have a shortage of bottles as simple as that might sound. we have a shortage of bottles. millions of dollars of investments that these folks made over many generations. hopefully it'll be resolved soon. >> you mentioned how the port shortage are leaving many venues without crucial materials add in the rising cost of fuel an

we only have about 20 seconds, but volvo, also now, maybe ipoing? dave: absolute.are talking about a potential $2.9 billion share sale. it is coming at a time when sales are going up. 40% profit -- plus in the u.s. and globally relative in the -- in the first half relative to the year before. they want to be fully electric and sell to consumers. they are transferring their business and hoping to go public to help do that. alix: good stuff. thanks a lot. oil prices hitting their highest level since 2014 after opec plus maintains its gradual monthly oil production increase. it is a bullish outlook could we will talk to goldman sachs. this is bloomberg. ♪ line -- mohammed: the recovery will continue. it may be slow, it might be bumpy, but we are part of this positive trajectory. francisco: demand for jet fuel will pick up and at the same time we are heading into winter and we don't have enough gas to keep the world warm, and that will lead to a surge demand. it could potentially happen sooner. jason, we still have a long way to go, but next you will probably be a lot

kumasi: if you own a volvo the company issued a voluntary recall of 460,000 callers -- cars because of an airbag defect. the recall impacts older sedans. applies to your car and the dealership will of replace the airbag for free. reggie: amazon is working on a smart refrigerator. it can predict your food preferences and order groceries on your behalf. it uses similar technology found in amazon go stores. it can also track grocery expiration dates and suggest recipes based on what is inside your fridge. on top of all of that they can provide health and nutrition advice. mind your own business, refrigerator. leave me alone. kumasi: let us talk about adele, because she is giving us a glimpse of her new song and music video. ♪ reggie::::::: kumasi: that is all we got? we did not get one note? the grammy winner released a short snippet, real short, of the upcoming song called easy on me. the full song will be released on october 15th. her last album, 25 came out in 2015. fans have been speculating that her next album will be called 30. reggie: i am into it. did you see the nails? kumasi: th

first complicates and is a troubling contradiction of the stories that we like to tell and then wait a volvo some new storytelling mechanism a new way of thinking about things that accommodates that and then goes back and forth like that. what i think that whether you approach nature as a list, an ecologist, noted relationships between species somebody like to go out and walk around. there's always these two things present their there is that. isn't that neat and sort of a physical tangible level. in their there is this higher order, what does this all mean man. and in 19th century version of that and the language has changed. the participants in the conversation has changed. but i do think that basic internal dialogue is still going on. they has been for a long time. >> it reminds me a little bit about the idea of the lily. in his idea that lily is a beautiful flower but is more beautiful to botanist and even more beautiful to somebody of studies and more beautiful to somebody is specializes in eight lily and there is no way to approach a full understanding of anything but her understanding

the last thing is terry mcauliffe has sort of become that old volvo in the driveway. you know?'t looking at them anymore. so you know, you put all that together and this vitriolic, you know, political climate we are in and with the democrats are doing in washington and all of a sudden now glenn youngkin could pull off an upset. >> bret: yeah, and it is tight, mo, i want you to take a listen to the sound bite about that issue of education and how it's playing in this race. >> you believe school systems should tell children what to do. i believe parents should be in charge of their kids' education. >> i don't think parents should be telling schools what they can teach. i get really tired of everybody running down teachers. >> bret: so we ask that question in our newest poll, parents telling schools what to teach, should they or should they not, that was the question. you see all 50% should to 40% should not, and then parents it obviously takes up, should, to 57%. how big an issue do you think this is, mo, and is it affecting this race directly do you think? >> well, despite all o

the pandemic especially for those treating covid pashtsd that's tonight at 7:00 eastern >>> also, volvo000 older vehicles for airbags that can explode and send shrapnel into the car it recalls vehicles from 2001 through 2009 >>> one lucky person in california bought the only winning ticket in last night's $700 million powerball drawing the ticket was sold in a small coastal town in central california, just about halfway between l.a. and san fran. kelly, i might have a cousin there. i've been checking really closely. back to you. >> i mean it seems like they should say, all right, if there was only one winner maybe we will give you half and run it again. isn't $350 million enough, frank? >> i totally agree, unless i bought the ticket and i want it all. >> we'll see you again soon. thank you, sir >>> the facebook whistle-blower testifying in front of the senate today her warnings for congress next >>> yesterday's facebook outage may have been unfortunate timing for the social media giant, but for small businesses reliant on the company it cost them money >>> let's do some show and tell. s

noted he loved cars and was willing to talk about cars for hours at a time and was easily the best volvo restorer in all of northern virginia. certainly the most passionate. on the political front, he endorsed barack obama. not just a drive-by, it was thorough. it was sincere. he meant it. and he cut any remaining ties with the republican party after 1/6. talk for a moment, peter, about the giant of public life that's just left us. >> well, brian, that's exactly right. the word "giant" is the one to use about general powell, because he was a giant in washington and a real powerful way, not just his military service, not just his service to his country, but his mastery of a capital where it was easy to get lost, it was easy to get overpowered or to fall into ideological tracks. that wasn't him. he was a republican, but then he endorsed, as you point out, a couple of democratic presidents now, he worked for republican presidency. he worked for democratic presidents. it was not for him about partisanship. it was about his version and his vision of integrity and service to the country. and i

the chinese competitors are really the only real competitor and one that is stack ing now, which is volvoa pretty good vehicle, and they've been able to build a decent amount of them, nothing in the scale of a tesla, but like certainly it's a decent car , but what we're talking about is tesla doesn't really compete against other ev's because consumers want electric vehicles and they'll buy any electric vehicle that's good, that's for sale. the real destruction is in the ice vehicle sales and we're seeing horrendous numbers from the ice vehicle sales, ford and gm, because people just don't want those cars any more and they want ev's so any car company that makes an ev will be successful. we're seeing this with the porsche, turbo everywhere around la, it's a beautiful car, very expensive and not great specs, but people want ev's and porsche drivers are buying them just like ford drivers will buy ford ev's so you know, i think the big challenge for all the companies is can they get these vehicles made in scale and we still have yet to see anybody do this. lauren: the only, my remaining quest

--volvo trucks. the plant director there said i could add hundreds more people right now, i want to hire hundreds more people right now, i cannot. i can advertise everywhere, i can do creative things, offer incentives, but i cannot get people to come and apply for these jobs. i was digging into him, what is the challenge. use the phrase, he said you are in manufacturing, you want to share -- so that manufacturing, not in the warehouse. i think there is a real need, particularly in part commonwealth empire the country where we need good jobs for people. there is a need to get to our guidance counselors, into the schools, earlier than high school, we need to start doing early in middle school as students are thinking about prayer paths, explain the options are available to make the livings doing cool things. most young people do not know much about the workplace. they know what their parents do, they knew would teachers do, they may not know what the spectrum of opportunities are, yet we expect them as

. >> and then you have volvo, gm saying they're going to launch 20 new evs, but early 2028 david, ijver this engine one. >> i was listening, like a lot of people, "squawk box" that had a great group of guests. mobile e. of course they're sup supportive making the point that this company is going through a radical transformation so that by 2030, gm will largely be an electric vehicle company i met with the sustainable officer last week, they're not just taking it seriously, this is their imperative. don't you think if you were -- look at that they had big numbers, tesla. >> your point is good, though we hope to have enough grid remember last week in germany, they were running out of coal. we talked about natural gas. do you know what's going on in cole the price of coal has gone through the room >> hey, listen the investment club that owns union pacific, this company is a clean coal company. that seems oxymoronic, but they have the cold is -- >> back better than ever. >> can you believe what david just said. >> the reason it's going up so much, because there's so little of it, there a

one of the most notable employers in appalachian is volvo truck. over the road truck, it's made in appalachia. the plant director said to me, i could hire hundreds more people right now. i want to hire hundreds more people right now. i can't. i can't. i can advertise everywhere. i can do creative things i. can offer incentives. i can't get people to come and apply for these jobs. i was digging in, what is the challenge? mr. ginsburg, you said you are in manufacturing. you want to solve it in the school system. there's a real need. particularly in the part of my commonwealth and my part of the country where we need good jobs for people, there's a need to get to our guidance counselors and into the schools really earlier than high school. we need to start doing it early in middle school and students are starting to think about career paths. to explain the options to do really cool things. most young people, they don't know much about the workplace. they know what their parents do. they know what teachers because because they are with teachers. they m

volvo recalling more than 460,000 vehicles because of a risk that a component in air bags could rupturerice to the s-80 produced between 2001 and 200 of 6 and s-60 vehicles. those were produced between 2001 and 2009. car dealers are going to replace the faulty air bags for free. well, target rewarding its workers as the holiday season approaches, the company announcing they are going to pay store and service center employees an extra $2 an hour during peak shopping days. workers can expect a pay bump on weekends and final days before christmas. they will offer more hours to current employees. there's target in the premarket and like the markets, it is lower, down more than three quarters of a percent. one of babe ruth's baseball bats is about to go up for auction. it was part of a private collection. it has eight home run notches. it is expected to sell for as much as $1 million at the christie's auction, set to kick off tomorrow. well, president biden attempting to sell his build back better plan in michigan yesterday, making a bold claim about anyone who opposes his tax and spend agen

daughters were linda powell whose an actress and ann marie powell and as a hobby it says he restored old volvo'stions about need to go into iraq. brian: it's always important ainsley as you're doing to remember this is a human being who has a family as well. the family, by the way, has post ed on to facebook, where they revealed that collin powell was fully vaccinated and was treated at walter reed, so they are appreciated. ainsley: wow, fully vaccinated. will: this is what the family posted on facebook we can give it to you in their own words. former u.s. secretary of state and chairman of the joint chiefs of staff passed away this morning due to complications from covid-19. he was fully vaccinated. we want to thank the medical staff at walter reed national medical center for their caring treatment. we have lost a remarkable and loving husband, father, grandfather and great american signed from the powell family. ainsley: thoughts and prayers are with his children, and his wife. they got married in 1962. brian: the one thing is collin powell wrote a best selling book , his opinion was always so

that's before we get into heavy trucks, a volvo truck for medium-weight load is about 800,000 pounds more than a diesel truck. that means you have two options, 1/7, less weight, more deliveries, higher prices, and in places like mine, which means more roads are going to get beat up, dealt with. how about 90 minutes to charge a truck. what does that do to hours of service, what does that do to cost of delivery. these are all real things that exist, and we have to talk about them because i agree to some degree or another, electric vehicles are coming and that's before we talk about, if we're going to expand the grid on resiliency, and reliability, we have had numerous other hearings on, how do you deal with people plugging in their car at night when the sun isn't shining and the wind isn't blowing. these are real consequential things, and i appreciate when my friend congressman mckinley, outsourcing our guilt. we have lithium deposits here, and we talk about the streamlining, permitting and developing like we're going to snap our fingers and do that. that's ignoring 50 years of permitt

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