that is explaining why the values are lower >> one stock we are watching is vw the stock hit by supplyhain issues with chipmakers it is affecting multiple industries is it fair to say when you think of the forecast for the german economy, the latest numbers show it will take a longer time for the german economy to get back to pre-covid levels now? >> i think this depends on how the delivery problems evolve over the coming weeks. if this continues to be a problem, yes, we may end up with slower growth. the other issue is the vaccines. if the progress with the vaccines continues currently the assumption in the forecast is it will be done in the summer if not, we have a problem and growth will, indeed, be significantly lower. i think we are not there yet >> sir, pretty staggering percentage there 45% of all manufacturing companies experiencing some kind of supply disruption what is the sense as to when the supply disruption will actually ease >> that's very difficult to predict. if the reason is that there is just strong demand worldwide as a result of the push into dig digit digit digita

they are threatening a $2 billion plant in georgia that sk is building to supply ford and vw with eves that is why they are breathing a sigh of relief >>> other top headlines outside of money and business. we have frances rivera with more on that. good morning >> good morning, brian we start with unrest on the streets of minnesota once again. the national guard is mobilized as protesters are out as tear gas is being used. the neighboring police department is reporting the front door was shattered by gunfire and businesses looted. this outrage erupted after a man was shot and killed ten miles from where george floyd died a driver was pulled over for a traffic violation and officers discovered an arrest warrant the man then reentered the car as they tried to arrest him. one officer filed their gun. >>> iran is calling a blackout at the atomic facility underground as nuclear terrorism. two officials said the explosion at the facility destroyed an internal power system. it appears to be sabotage. it could take up to nine months to get production back online. >>> history at augusta nation

one executive says the shortage is the biggest challenge that vw faces at the moment.ck down a bit >>> a new note from goldman sachs saying the uk is due to grow over the u.s. this year a striking 7.8% this year. above their expectations for the u.s. a lot of other firms have a higher number for america. of course, all this comes back to how the country is vaccinated and how much the cases decline naturally. >>> what will happen now we will go to break and come back and when we do, when it comes to a crowded trade, maybe forget tech. why it's crypto you might have to think about what does the founder of litecoin think about this? we'll ask him. >>> the new stock that cathie wood is buying up. >>> and it was streaming night at the oscars. the oscars were last night we will show you the big winners coming up. ♪ just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out.

>> well, they're>vw[h pretty mu would say here that we could go in to color this group on a friday. >mmissioner of health contact the representatives of all civic organizations inviting them to a mass meeting to discuss objectives of the program. the commissioner guided the meeting to a detailed discussion of the ideas of the community leaders. >> the object of this meeting this morning is to explain to you the various methods and techniques that will be used in putting on this vaccination program. we have a fairly good immunization rate among certain groups of the population, particularly the school group. due to the tact that we've had a vaccine program in the schools for the last two years, but there are certain groups in the community that haven't been vaccinated properly. and this program is designed to reach those. >> during our march of dimes campaign, our mothers march is one of our finer health organizations and i'm sure they could be a lot of help in this campaign, and if we get it cleared, i'm sure we could do it. there is one thing that i sincerely believe that if we could

is scale i keep hearing about these projects, 500 here, 1,000 there but if you develop something for vwey really are >> these guys are staggeringly big. they sell north of 10 million cars a year. they're consistently among the top two or three largest car companies in the world and their commitment to electrification is second to none they're going all in to electrified power trains there was some talk about them being renamed to voltswagen. i don't know if you saw their powered a, they outlined a very bill commitment. we're gratified they mentioned quantum scape, we can play a role there but really, if they achieve their goals of getting, say, a few million cars electrified by mid-decade, that would be on the order of a few tens of billions of sales of ours -- i'm sorry, a few billions of sales, few billion dollars in revenue so it's staggeringly big numbers to be candid, we're not going to be able to build factories fast enough to really address that entire demand that that one customer has, but i think what we're trying to do is build factories as fast as we can to address, really, a

i have to believe both vw and your new board member salina took a lot of time and made judgments andneed to be invested or join the board. >> 100%. salina is one of the world experts in not only battery technology but battery manufacturing and you were to get a tour of the factory, you get an amazing sense how deep she is and she's on the board, you know, we fully intend to leverage her with our execution team on the manufacturing front. so that is absolutely in our view a great, you know, confidence with somebody with that death ppth of knowledge and another manufacturing expert we have some great capitalists so i think there is a lot of people that have looked pretty deeply at what we have and we're pretty confident that the numbers that we have are pretty ground breaking. >> okay. so our viewers are of bviously t institutions and people that are afraid, afraid they have lost a lot of money on spacs and one of them asked me to say could you please ask is there another lockup coming that might be expiring before they decide you know what? the sotock is knocked down by short sellers.

police say the suspects drove away in a black or green vw or volvo. they say the california plate is 5djk736. >> you think you live in a society and then you get a mile away from everyone in it is a >> reporter: the berkeley side reports at least four people have been robbed of their bikes. there are also a couple of failed attempts. >> like jacking. it becomes a lot more violent pick a lot more scary. >> reporter: she is on the board of grizzly peak cyclists. he has about 550 members. >> for now when i'm doing a solo ride i'm going to avoid grizzly peak and probably wildcat as well. >> reporter: they are doing weekly rides on grizzly peak. >> we are concerned, so it is today's ride we had a little pep talk to talk about what we can do to be safe. >> don't right along, try to ride with a large group, at least with one other person. in the oakland hills, i am da lin. kpix5. >>> want to check the weather now. a live look at pacifica. typical. typical pacifica in the springtime. pretty dreary looking. but we love it in pacifica. >> the surf is down right

and there was the previous president's vw, who signed the agreement with taliban to withdraw american may 1. so there will be a range of reactions, i am sure. after 20 years, those troops coming home, several thousand left in afghanistan, but there are a lot of questions about whether what has been achieved will be undone when american troops leave. the taliban is already on the rise again in afghanistan, taking territory, will it suddenly find itself back in as the government of afghanistan in time? and what would tt achieve? the esident also talked about disrupting and degrading al qaeda in afghanistan. most people would agree with that. but we saw in 2011 when america left iraq, that they believed the job had been done there. and it created a vacuum into which isis came to take over most of syria, most of iraq, and sparked another conflict which the u.s. had to get involved with, albeit without large numbers of troops on the ground, still had to get back involved. so all sorts of questions are raised by this. anchor: i have seen earlier that a cia report was out today, director wil

. >> reporterial vw spwlg complex thdel migrant yngs building primarily children and teens expected. the facility so crowded, children forced to take turns sleeping on the floor. this, after often harrowing trips to the u.s. these two young children dropped over the border wall near el paso. and this 6-month-old saved by a texas ranger after authorities say she was thrown into the rio grande river by smugglers. overnight, we joined texas rangers on patrol. a lot of children's socks here that they take off as they come out of the river and make their way up this embankment. and in our aerial survey with texas' governor abbott, we saw groups of families just smuggled onto u.s. soil. th area one tbridge area a iee,000 migrants come th from mexico just since january. a couple of hundred yards away under that bridge, a temporary border patrol camp. migrants huddled in foil blankets against the chill. we're learning that just in march, over 170,000 migrants were apprehended at the border. a 15-year high. and the numbers are only forecast to increase. linsey? >> matt, thank you. >>> there's

police say the suspects drove away in a black or green vw. the california plate is five dj k736. >> you get a mile from everyone, it is a wild west. >> at least four people have been robbed of their bikes in the area in recent weeks. there were also couple of failed attempts. >> what i'm referring to as bike jacking. becomes a lot more scary. >> reporter: she was on the board of grizzly peak cyclists. the bike club has about 550 members. >> for now what i'm doing a solo i'm going to avoid grizzly peak and probably wildcat as well. >> we are concerned, so with yesterday's ride, we had a little pep talk to talk about what we can do to be safe. >> reporter: many say they won't let them win. >> i need to exercise, something that mentally helps me as well, so i just need to be more cautious. >> i guess that's the key but i'm sure it is beyond that. would seek advice the police have for cyclists? right in groups or what can they do? >> right, that is the biggest one, don't write alone. police say try to ride in a large group if you can pick of not

you are talking about a company that has a $700 billion valuation that sold 184,000 cars versus vw thatughly 2.5 million cars. you need to see tremendous growth out of tesla. in q1, despite massive price cuts in china and across the world, their total delivery volumes were only up 4%. why do people like tesla? they say they are an innovator. car and driver ranked tesla second to last in reliability. when you look at the report done on their actual range, the range of their cars, every single one of their cars fell short of the stated range significantly. that shows you that not only from a technicalogical -- and you have competition entering. when you look at the second and third and fourth quarter, things get cloudy and the stock will start a trade-off. matt: this has been a dangerous game to play. people betting against tesla have been losing millions of dollars, even billions of dollars, for years and years and years. why does that change this year? gordon: the reason it changes this year -- and when you say years, that is not accurate. really, the stock took off last year. what happ

the third one is in the auto space and it volkswagen, vw ag why, not tesla which i heavily consideredere but volkswagen plans to design and develop its own high-powered tips for autonomous vehicles and again, with the big sell off like he saw last month, a great place to get in here, those three are focused, these are stocks that have pretty much blown up all-time highs, investors sold now down to reasonable, in my opinion, levels. liz: great time to about was november, definitely. great, thank you on this friday. we have about 53 minutes before the closing bell rings, got to get to pennsylvania, breaking news, the biden administration announced moments ago that it will restrict travel from india beginning may 4. the centers for disease control making recommendations to the white house due to the massive number of covid cases and multiple variance spreading throughout that country. the president begin right now in philadelphia to promote $2.3 trillion infrastructure plan, let's get live at the white house, lake, pennsylvania a key battleground state during the election, still a very i

tom: auto is the cash cow for the vw group. you are the most important market.u pick up the phone, what are you saying they should be prioritizing that investment? what do you want to see them focus on? >> first of all, i'm not saying everybody within porsche and the group is appreciating the performance the chinese market is delivering. we see our job in helping porsche to continue the growth path. when i pick up the phone, i tried to explain that we have a totally different customer base in china than the rest of the world. the customers are much more younger. they are more female. and technology lays an important -- plays an important role. we're investing in innovation and digitalization in our cars and services. and i feel like it's been very well heard and people are catering for that. tom: your views on the semiconductor shortage, the global shortage impacted a number of brands around the world. what has the impact been on porsche? >> thankfully until now, we didn't have much of an impact. our colleagues in germany have been able to kind of leverage and l

it makes batteries vw u.s.100 million in the company stock up 13% stock three is guess the company questions. the fashion brand is reporting better than expected fourth quarter earning. not providing guidance for the year you don't have to guess. the stock is up 7% year to date up 11%. >>> on deck, a story you have to hear us what us white house talking about raising taxes and now maybe raising $100 billion in unemployment fraud that story next. >> announcer: today's big number $140 trillion. that's how much ubs estimates will be spent on de-carbonizing the energy supply by 2050. are up from 15% today. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. in the romo househol

cracking a joke and having investors on the wrong side of the joke i think the highlight here is that vw. they are focused on it priced into their stock. yes, i think you have to be careful about the communication of the markets i'm all for clear communication. >> robert, to me, it's strange because i would imagine once it became clear this was a joke, the stock would have given back the gains. is the sec implying the 5%, is the issue the 5% that day or 5% permanently? you know what i'm saying i guess it's because people thought they were serious. >> it's confusing what they would charge them with this is a waste of sec time. the only thing they are guilt of is cal dendar abuse. i wasn't april 1st it was march 31st. it wasn't april fools. you got your calendar wrong. you should be ashamed. get better calendar maintenance. the sec especially is a time with so much froth and investor deception in the market, this is not where they should be spending their time. >> i'll counter that >> i think they should change their name to swvolkswagen i like the name. >> i hope the sec punishing here on

. >>> and check this out vw now under investigation by s.e.c.ound whether that prank impacted the stock price and whether it actually broke any securities laws remember, many news outlets, including us and the ap said the company lied to them about whether or not it was real is it real yeah, it's real. it wasn't real now they're getting investigated by the s.e.c you go, voltswagen "worldwide exchange" is back right after this did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. shiny coat, clear eyes, good energy. we handsome boys need high quality dog food to live to be old, distinguished boys. petco. the health and wellness company. the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. join the fight with the alzheimer's association. i really hope that this vaccine can get me one step closer to h

the crazy thing about oregon was a number stinky deadhead ticket fit into a vw bus.they had seen sasquatch. now state overrun the rational mood swings between permissive awoken us and incessant scientists from the masked bullies. let's look at texas which has had a far better couple of weeks. new cases are down to 56%, covid and deaths have dropped 64% since the beginning of march. they lift the mask mandate march 10 there reasonably partying, masking when necessarily good hospitalizations are way down. can far more stringent covid restrictions governor cuomo killed way more grandmas than ron desantis and the floridians who survived get to go to disney world and universal. in new york all that is get sucker punched on the bus are thrown up the subway platform, where would you whether live? a world where your grandparents can shoot shops are behind a molding mask for a decade calgon take me to it texas and take a hike from tech savvy states it will never let go of the pandemic. let's be paranoid german folks, increase restrictions while the tax receipts climb and that

and over in europe, competition from vw as well.hese stocks may have rallied last week on this infrastructure plan, hitting a bit of a snag on this news today. kailey: they've got to compete with the hummer ev suv we were talking about. on the subject of infrastructure, president biden has set aside money to grow the ev industry in the u.s. how big could the use of ev's become an eventuality? ritika: $174 billion grown in the ev space, in this infrastructure plan. if we look at it in the broad context, ev sales as a percentage of u.s. car sales just 2%. that is expected to grow to 25% by 2030. if you compare that to china, if these estimates are anything to go by, that would be half of what they are producing. in the broader context, u.s. still has a long way to go to catch up and get parity. kailey: thank you so much for that great report. on a programming note, tune in later this week for a special on the chip crunch. that is at 5:00 p.m. eastern time this wednesday. still ahead, we will discuss the u.k. prime minister boris johns

it was like having to stuff 100 clowns back into the vw beetle. went online and bought a rainbow face mask to wear. it means having the freedom to embrace your true self. now to finally find that husband. we are so humbled by your stories. thank you for trusting us with them. hey, we'll see you next friday night at 7:00 eastern on the choice, the channel with the peacock app. download it from the app store or sign up for free at peacock tv.com. we're back on saturdays 8 to 10:00 and sundays 8:00 to 9:00. until we meet again, i'm joshua johnson. make it a wonderful week. good night. and long-lasting gain scent beads. part of the irresistible scent collection from gain! ♪ ♪ ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪ so you want to make the best burger ever? then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking. ♪♪ >>> thank you for joining us tonight for this special live coverage of the pivotal closing

gm putting a stake in the ground all electric by 2035 i think vw is toughest competitor and then theing quickly don't forget they've got a huge cost advantage in labor and battery costs and you have the chinese government thepg them out to boot so tesla is doing a great job and about to see a tidal wave of competition. >> you led me perfectly to china which seems to me to be a major wild card for this whole industry in part because asyou say they have 70% of the batteries and don't they also have most of the rare earth metals needed to make the batteries? they're in the cat bird's seat, aren't they? >> they are in a lot of ways tesla's really been number one ev auto company in china they got there first chinese love a powerful brand but it is about to get tougher there's a tesla knockoff on the market at roughly half the price. china has an advantage on rare earth metals but tesla finds them in other places i think the real issue is the chinese government is going to have a real cost advantage china's the biggest auto market in the world and chinese companies will dominate the chines

vw is the third pick. great, great thesis on those three names in consumer spending.bell, we're not seeing any records for the dow, and s&p. we're very close to all-time records. ♪ larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. great to be with it you. to keep the idea we're in a economic crisis alive. he is wrong and "the wall street journal"'s editorial is right. they say today, quote, sorry, the economic crisis is over. we just had a booming $1.1 million jobs report with upward revisions. we had the best ism manufacturing survey since reagan's 1983. and the best ism purchasing manager's service survey in the history of that survey which

tom: it is almost an equivalent to what vw and porsche have done.: now everyone is saying if you look at the proposals on the table, unfortunately, some of these smaller company's don't have the capacity. tom: i have no clue what i am talking about. i am just trying to pretend i'm matt miller. [laughter] romaine: you are doing a fantastic job here. how about one of the european once before i leave? all tricks -- four tricks -- qualtrics one of the biggest movers in the premarket come up about 13% -- in the premarket, up about 13% on its earnings. tom: can you -- jonathan: can you promote "the close?" that's the fee we have to pay. that's it. tom: how my doing? lisa: you're doing great. tom: peter westaway with us. this is important. a really interesting pedigree out of cambridge in operational research and economics, advance guard asset management now as their chief economist. i am thrilled to have you on today about the complexities of the moment for the ecb. to me it goes back to the heart of the matter, the almost bipolar ecb of years, going back

everyone is late on this the issue, as he pointed out is, you know, just in the past quarter you have wean vw, ford, you have seen gm really coming into the market. it is kind of the empire strike back moment in evs where all of the eo merkss are finally releasing evs everyone thought they would release years ago to catch up to tesla. product quality. lordstown, they stock was down 10% because they entered their endurance truck in this baja race and the truck basically stopped after 40 miles the range is supposed to be over 200 miles. but the truck stops after 40 that didn't give people reassurance about the endurance truck. so i think a lot of these companies that were good at raising money but not at building product and delivering it, you for example it's all coming home to roost. >> cema, final word? >> time line is key. excitement around electric vehicles is great. but we need to see products come to market. >> exactly it is all fun and games when you can talk about how great it is going to be. it is more difficult to engineer. >>> appliances are doing well. working really well for whirl

would be too much of an advantage for tesla and elon musk, because it looks like the folks at ford and vwthey'll prioritize those in the marketplace. because what it means for their brand and their business >> good morning, mark. i understand you've got to take many of the things that musk says with a grain of salt. but at the same time, tesla did seat record deliveries last quarter despite the shortage what does that say about tesla's supply chain versus some of the other automakers does elon musk have a better grasp of it? have there been blind spots when it comes to some of the other competitors? >> clearly, when covid hit last year, all of the automakers, including tesla, brought down their production and their production forecast, because they just didn't know what the visibility would be in the market from a marketplace demand standpoint but, you know, keep in mind, tesla has much less volumes than the traditional oems so clearly, they may have some kind of advantage where they ordered these semiconductors and kept those shipments coming to them during the shutdown period and covid.

vw's audi brand unveiling its challenge to the tesla model y.uv of packing the same 323-mile battery range as tesla's model y. analysts predict it could drive right past tesla's delivery, also from its all-electric version of the porsche. wv up 1.5%, tesla flat to slightly high higher on the session. well, new cars, got 'em in the garage. how about lumber prices? lumber prices are continuing to climb, and the price of lumber, by the way, seen as a proxy for home and commercial construction, has sailed 93% higher this year as more and more americans spend time there freshening up their homes with new prompts, new decks and, of course, as they look to fill those new spaces with chairs and couches and furniture, they have major demand from the manufacturers who are falling behind. far behind. let's get to grady trimble live in hickory, north carolina, known as the furniture capital of the world. grady. >> reporter: hey, liz. and they are working as fast as they can to keep up with that surge in demand, but it's been going on since last fall, and it

witnesses say they were driving either a vw or a volvo. now. just last week, we told you about three people who say their bikes were stolen at gunpoint in the east bay hills during the past month and that there were several other bike robbery attempts in that same area during the past few weeks, the armed robbers appeared to know which bikes are the most valuable. in monterey county. authorities continue to investigate a deadly crash that left two women dead. sheriff's officials responded to highway one at dolan road yesterday afternoon to assist this chp with an investigation of a car that was found submerged in the moss landing harbor. both the driver and the passenger were pulled from that car and pronounced dead at the scene. they ran through the stop sign. they were still accelerating a time when they struck, the gate continued to accelerate toward the harbor and went through the fence, ultimately landing in the harbor down here behind us, the passenger was identified as a 28 year old woman from selina's. woman driving the car still has no

look, these guys are valued at $100 billion vw sales about 2.5 million cars a quarter.his is transformational growth 2% is not transformational when you have 52,000 more cars >> gene, just to dig into that a little bit more. you do have that sunsetting tax credit at least for now. we'll see what this proposed infrastructure plan actually -- you know, brings to the table and manifests as reality but the production numbers, do you expect those to ramp up? and when you do look at other emerging competitors like gm, are they going to cut into market share >> morgan, if it's okay, i'd like to talk about the 2% comment. >> okay. >> let me back up one step there. it's true, it grew 2%. the challenge with that, my challenge with that logic is it's a seasonally light quarter, typically, auto sales in first quarter are down from december so, i think that that is a curley positive. and then i want to jump to the substance of your question around competition is that this is ultimately the biggest risk to tesla is that the traditional cast of characters, traditional oems get their a

think about tesla could maintain his competitive edge with new battery electrics coming from audi, vwt from the up starts and the fact they're growing sales more than 100 percent year-over-year but only grew the mobile service lead and service centers by like 20 to -- 22 to 28%. it is a sign that they have a lot of cars out there but the customers who remain frustrated with long wait times for service, that is a sort of a attack vector for competitors and i always notice that in operational details. >> should we expect any comments on the recent crash in texas or not? >> i wouldn't expect them to comment on an ongoing investigation during the earnings call but they might speak to progress on and hurdles with developing the automated driving systems which are not autonomous but are level two automated drivers so driver assist. >> are they still making money on the credit as the other automakers ramp up the competition. >> they are. and it is very important source of earnings, not only revenue but earnings because you think of it, there is basically no cost associated with that revenue

joke i could pull on you i knew you would be wise to the ways of this something better than the stupid vwe. >> i read it i'll take everything with a grain of salt. i like what i said at the top of the show we will talk about the stock futures like we do every stay. this time it will be interesting. i like that. >> you know, i say the same thing every morning. this morning, we get right to the stock futures which we do every morning for the last 15 or 16 years i don't know >> andrew, does "the new york times" think of anything foolishly? did you know it was april 1st? >> i was going to do this later. i don't know if she is watching the show i think you may know this. today is my mother's birthday. always been the case >> happy birthday, mrs. sorkin >> both of you have met my mother happy birthday, mom. we love you. this is not an april fool's joke happy birthday >> andrew, my mom's birthday is tomorrow >> don't you have a grandmother? >> i do. she turned 103 years old two months ago >> that is awesome >> very lucky duck i am to still have a grandmother >> that is great you will read a stor