this is a ford escape i'm in this hour. this one of the fastest growing vehicles for ford. one of the best-selling ones. i want to take you right to the numbers. this was a great hour on fox business thaw put together on the industry. a perfect day to do it. take a look. ford is our focus today and ford is on top of the sales numbers for june. 13% up for the month. chrysler is up 8% for the month and gm a surprising up 6% for the month. other automakers did pretty well too. subaru had a great month. toyota was up more than anybody thought. it has been great. in the back seat is jeremy bloom who has been selling fords for three years now. you really feel like we're starting to get momentum now? >> absolutely. i think the market turned around. people are coming out and spending more money. with manufacturers like ford putting out a better and better product, people are really starting to buy cars again. >> we said that many times. there are really no bad cars out there today. look at the best of the best, the ford cars. these are the ones that grew the most in the last month.

laggers, marathon, mosaic, whirlpool and ford. goldman removing ford from its conviction buy list. though still rating ford a buy. the price target is 20 bucks. among the blue chips, laggers include coke, second quarter earnings drop. weak worldwide volume growth. the company talking about unusually poor weather in the quarter. we'll end on one high flyer that got crushed today. tesla, after goldman says the stock could be worth just 58. the analysts look at three different scenarios for the company in terms of total sales and operating margins, said the average price was 84 based on their models. maria, back to you. >> josh, thank you. >>> mean while, at&t taking a step to get market share from people who always want the newest phone. but there's always a catch. julia boylston with what's going on there. over to you, julia. >> reporter: maria, at&t is trying to make it easier for its subscribers to always have the latest smartphone or tablet. with the new service called at&t next, customers can skip the contract and upgrade their phones and tablets every single year. the catch is

mike is showing me how ford's new forward collision warning system works. and he's letting me experience it firsthand. >> so now we've switched seats, and you're in the driver's seat. we've turned the system off, so you can experience hitting the balloon car. so what i'm gonna do is i'm gonna have dale go ahead, and then we'll go right into him and see how it works. you ready? >> yep. >> okay, dale. go ahead. pull up a little bit. get up to about, oh, right around 40 miles an hour, give or take. perfect. we'll stay right in the center of the lane. and you're gonna be aiming straight center. keep your foot into it. foot right into it. >> aah! [ laughs ] >> good! very good. >> it wasn't so bad. >> [ chuckles ] we'll make a test engineer out of you yet. supposing that was a real vehicle, what would have happened? >> i would have totaled this car. >> right. and it would have been quite a collision. so that's what we're here to try and prevent. so then let's turn the system on and try it again. >> okay. >> so now go ahead and turn the system on. >> okay. [ beepi

pleasure to welcome donald rumsfeld to our program twice served the secretary of defense under presidents ford and george w. bush former u.s. congressman former ambassador served as a top aide to four united states presidents fortune magazine named him one of america's toughest c.e.o.'s for his work in the private sector a new york times best selling author and the latest book rumsfeld's rules leadership lessons in business politics war and life what a career do you miss washington no i don't love life i'm loved everything i've done i've been so fortunate we've had a lot of good times together indeed over the years second term presidents tough why i have no idea. i don't think it's hubris i think that maybe they get tired but clearly it's happened to a lot of presidents that they've had difficulties in their second term you think is because they don't have to worry about reelection and there's no way the post they going to i doubt. well but let's discuss some of the current that you what do you make of benghazi. well you begin at the beginning they knew that there were terrorist connected to a

wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah!

>> just to go back to ford and back to toyota, just on ford, sorry, but it's a great way to play the housing play on the trucks. we continue to see momentum with the sales we saw outcoming. on toyota, i don't know a lot about that one. >> okay. who does? >> i have been staying away from it because -- >> why? >> so much of the exposure here, scott, isn't yen denominated, it's dollar denominated in the united states and that's one of the dangers of putting the plants there. that's why they put them there. if they're not making them where it's cheaper, they're building them here, the cheaper yen for those kinds of exports isn't -- >> nobody owns toyota on the desk? >> no. >> no. but i think if the yen continues to be weak, they will continue to do well. if you believe in japan, which i do, i think that's a play, too. >> let's move on to an earnings loser. caterpillar is the worst performing stock in the dow after reporting weak revenue and profit margins. here is what the ceo had to say earlier about how the company is dealing with the down tourn in mining. >> our operational pull throu

wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah!

in terms of ford, they actually raised their price target on ford from 17 to 20. the next catalyst for ford comes in earnings release i think july 24th. i think there will be a couple days more pressure. you earn ford to whatever the week is. you get into it into that release. still the best place to be although it got beat up tomorrow is down treatment. >> let's get back to yahoo!. shares are actually down in extended trading. yahoo! is one of larry haferty's top earnings. he's the associate portfolio manager of the media trust. how do you size up the quarter? >> it's what you folks said earlier. the domestic business is unexciting but the real story here, melissa, is in asia and everything that i can find points to green lights on the alley bab ba. the thing that's interesting here is i think marissa's hall pass is very close to expiring. the third quarter outlook is not too exciting. that's not a big quarter for the internet. she's made close to $3 billion in deals and there better be domestic improvement or i think some of the shareholders will not be terribly

it is about trucks ford is no joke. people love ford because they didn't take a government handout. >> aren't they lower quality? >> i can't rember quality issues, but people love ford for a lot of reasons. the quality of the vehicles, they didn't take the bailout. >> gary, great seeing you. >> my pleasure. glad to be here. >> it is the place for business, fox. >>> a dial tone. that's right. that's all conservative groups are hearing from the fbi. the attorneys representing 41 of the organizations suing the irs for targeting them says he still has not heard a peep from the agency, even though the fbi claims it is investigating the irs. mind you, this story broke nearly two months ago. so is this proof that the administration is not taking the charges seriously? hi, everybody. lcome to "forbes on fox." happy fourth of july. let's go in focus with mr. steve forbes. steve is the fbi taking this seriously or

ford is no joke. people love ford because they didn't take a government handout. >> aren't they lower quality? >> i can't remember quality issues, but people love ford for a lot of reasons. the quality of the vehicles, they didn't take the bailout. >> gary, great seeing you. >> my pleasure. glad to be here. >> it is the place for business, fox. >>> a dial tone. that's right. that's all conservative groups are hearing from the fbi. the attorneys representing 41 of the organizations suing the irs for targeting them says he still has not heard a peep from the agency, even though the fbi claims it is investigating the irs. mind you, this story broke nearly two months ago. so is this proof that the administration is not taking the charges seriously? hi, everybody. welcome to "forbes on fox." happy fourth of july. let's go in focus with mr. steve forbes. steve is the fbi taking this seriously or

. >>> another new high more than two years for ford motor reporting a 15% jump on revenues on ford f-150 pickups. ford put polish on the full year outlook, as well. investors bought the news on volume as ford gained 2.5%. it closed at $17.37. ford, by the way, up more than 90% in a year. >>> the other way, caterpillar dragged down the dow as profits dropped 43%. jim chanos the noted short seller told a conference last week this cat may not have nine lives. >> we are short caterpillar ink. iconic american company, leader in the class but tied to the wrong products at the wrong time in the cycle. >> cat ceo douglas acknowledged the head winds as investors dropped the stock 2.5%. cat closed at $83.44. >>> payments and card transactions increase and the bored green lighted a 1.5 billion-dollar share buy back and the guidance for the rest of the year and 2014 shares of visa had been down during the reason session but they popped on the profit news after the bell. >>> baby boomers and retirees are laser focused on their investments these days. one big worry, they will out live their savings

ford is taking it. they are taking the bull by the horns. >> and that is amazing. >> and cummings on the conference call, and they have the best natural gas and they said nothing. and westport -- >> well, cramer's mad dash and then the opening bell after a break. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345

ford? >> no, did not know him. >> a different era. >> and things are filling in, broadcom is the biggest loser lowering the forecast for the biggest quarter and i have not touched on panera cut by three cents with the shortfall of some locations. >> they are talking about the blueprint not that good, but this is something that has best ed cha poelt lt la --chipotle, panera, this is a var miery rar miss. >> and is this a tell if they can hold on to modest losses a la apple last week, and so what dow think about caterpillar? >> well, they will do what other industrial companies have done, but they continue to be too rosie. as opposed to alan mulally, we have to be careful in china and latin america, and they did things carefully, and if you are careful, you are blowing it out now. >> and speaking of ford earlier, they are raising the forecast for the year. in china alone, first half sales are up 45%, and that is four times industry sales. >> wow. >> you talk about being able to be spotting ar

coca-cola, ford ford, disney and amazon. >> weiss? >> it's steady, coca-cola, and the thing is if you like the market, and do i like the market, there's going to be volatility. this is a name that will par tis pay. not the best performance but nothing that you sell here, something that you hold on to. >> murph? >> ford motor? >> ford motor has performed phenomenally well over the course of this year and the back half of this year and this is a name you stick with here. you saw the auto numbers that came out. ford is hitting on all cylinders. the big gentleman on my right owns a couple of fords, and the ford is a stock we own and ride it into the 20s. >> doc, amazon? >> regulation and taxes are two risks going forward, judge, but i think they overcome both of those. i think this is a $300 number perhaps in the next two weeks. >> did you have something you wanted to rebut? >> no, i didn't want to rebutt. wanted to play him back a compliment for agreeing with me. rates coming down in europe and that being a trouble area another positive

pleasure to welcome donald rumsfeld to our program twice served the secretary of defense under presidents ford and george w. bush former u.s. congressman former ambassador served as a top aide to four united states presidents fortune magazine named him one of america's toughest c.e.o.'s for his work in the private sector a new york times best selling author and the latest book rumsfeld's rules leadership lessons in business politics war and life what a career do you miss washington no i don't love life i'm loved everything i've done i've been so fortunate we've had a lot of good times together indeed over the years second term presidents tough why i have no idea. i don't think it's hubris i think that maybe they get tired but clearly it's happened to a lot of presidents that they've had difficulties in their second term you think is because they don't have to worry about reelection and there's no way the post they going to. i doubt that i think most presidents want to serve the country well and want to go down in history as a good president but and when you look at what's going on in washingto

ford had solid numbers. - yeah, ford had a really great quarter. their earnings were up about 50% year-over-year. but gm here is a little bit of a different story. i think people are really expecting good things out of them based on what ford said about the u.s. auto industry, how their earnings were going. but i think a big key here is that gm's factories are running at about 80% capacity, and ford's are running closer to 100%. so, the big question is going to be, do people expect gm's earnings to blowout like ford, and i think that this could be a possibility where if they miss, the stock may get punished just because of the run that it's had. - where do you see the support or resistance here? - it's really a critical point. i think that we're right touching at resistance for them. support about $3 or $4 lower. so, it should be interesting to see what happens if they do miss. - good to have you on the show. thanks, matt. - thank you. that's it for now. in tomorrow's show, tips on how to get discounts on your car insurance. and friday is always a

and ford 13%, its best june since 2006. nnthony mason looks at what's driving those numbers. >> reporter: demand for ford pickup trucks is rising so hifckly the automaker plans to add a third shift to make its popular f-150 here at its kansas city assembly plant. >> can't get enough of those f- 150s. >> colleen taylor is a 19 year ayteran at ford. the new shift will mean another 900 jobs. >> it's amazing, amazing for me to think about. ut reporter: for terrell christian who had to transfer here when ford's st. louis plant closed in 2006, it's closmarkable turn around from the recession. ssio appreciate it because i inow that being out of work or oing fearful of being out of work is pretty hard on a person. pr reporter: sales of ford's f- series jumped 31% in may, and another 24% in june. >> june looks good. you know, it's like almost two years of growth reasons ford ree.o. alan mulally. >> but what do you attribute the surge in truck sales to. >> a number of things. .ne is the improving economy. the second is that the r:por

if i can do it living in a 1977 ford fairmont, you can put money away, too. right now i want to tell you how high got started in individual stock picking, something you know i still love. and still believe in. even after seemingly interminable period of pain and chaos and chicanery. it's worthwhile, if not lucrative, and, yes, is the reason i believe you watch certainly your inclination. unless you like the money outfits and the outrage sound board courtesy of when i used to have a radio show similar to "mad money." >> buy, buy, buy. sell, sell, sell. >> called "real money" if you're picking stocks playing with real money not just a ledger, or with a game of stocks and bonds, you need to open an account. when i got started in 1979 there was no such thing as online account. i mad money with fidelity. i chose to put money into an individual stock account. i didn't know where to look for ideas so i turned to forbes. people at forbes, do not take this personally, i read an article about american agronomics, terrific orange grower in florida. it seemed to be compe

if i can do it living in a 1977 ford fairmont you can put money away, too. right now i want to tell you how high got started in individual stock picking, something you know i still love. and still believe in. even after seemingly interminal period of pain and chaos and chicanery. it's worthwhile if not lucrative and yes is the reason i believe you watch certainly your inclinati inclination. unless you like the money outfits and the outrage sound board courtesy of when i used to have a radio show similar to "mad money." >> buy, buy, buy, sell, sell, sell. >> called "real money" if you're picking stocks playing with real money not just a ledger, or with a game of stocks and bonds, you need to open an account. when i got started in 1979 there was no such thing as online account. i mad money with fidelity. i chose to put money into an individual stock account. i didn't know where to look for ideas so i turned to fors. people at forbes do not take this personally i read an article about americaning agrow nomics, terrific orange grower in florida. it seemed to be

ford also a winner. we have had deals that we have been watching from maidenform brands and also michael dell's team beefing up their offer over at dell. those are names that we are watching very closely. oil and gold are pulling back. dagen: we will talk about ford and general motors. connell: president obama addressing the economy. the first of speeches he gives this afternoon. dagen: it is always how you spend it. rich edson kendig through all the verbiage and tell you what is really at play here. rich: one of the preview messages that the white house gave, the president will talk about an economy where everyone has a shot and opportunity. not when our economy is winner take all. the administration not really previewing anything new. we spoke to a senior advisor, she says, when it comes to an action in washington, basically printed on congress. >> these are critical for business. they are ones that the republican party has traditionally supported. when will they get back to what they have traditionall

i know that is another story charles: but let me just ask , the thing with ford and general motors or government voters to think they were hampered because they took marching orders from the white house? >> officially they have denied it the with the twinkling can then lead to the edge we know about those electric projects llord you would agree? >> absolutely they've got all their money in one basket with the chevy volta we have discussed this multiple times in the past. i was against "cash for clunkers" but it seems they take on everything whenever the government told them to do with the ned geometrically they will say no not at all but many on 62 represented your company it will make an impact to make good efficient cars with a hybrid cars and people said we don't want them. charles: how will this continue? >>. >> i would disagree. >> that we will get close at the 60 million cars and i think ford will take the market share but they do is think we will have some growth but not over 16,000,003. >> a point i would make unless we get a real growth strategy after people go through replac

. >>> if you drive a ford or an s- uv, listen to this. you want to keep your eyes on the mailbox because you could get a notice that your car is being recalled. >> what the ought mow maker says could -- automaker says could put you and your child in danger. >> we will take you outside live at the inner harbor. the sun is out and it will be out owl day as well as the temperatures many we will find out how hot it will get. >> yes. and a mid-summer head wave is here. i will tell you how long it will linger and how hot it will get today and how hot it will feel. that's coming up. >> reporter: heading out to 695, leave yourself extra times. these are delays at interstate 70. i will have more on the drive times coming up on good morning maryland. >>> thanks for joining us i am megan pringle. >> i am charley crowson. let's get to lynette charles with a look at how hot and dangerous things could be today. >> you are right. it's going to be hot and dangerous. therefore we have a heat advisory in effect at lunchtime today and it will linger until 7

ford is doing very well in china. so they are really hitting on all cylinders and i think there is more upside for the stock. >> margaret in redwood city, california. she's interested in 3 d printing. she says i work at stanford and surrounded by people inviting including 3 d imaging for healthcare. what do you think of this? >> there is no doubt the 3 d group has been one of the most exciting things to come along in technology or in the economy. there -- it's just potentially a game changer and like all groups that catch the imagination of the public, it becomes highly valued. so i view all of these stocks -- there's three others along with ddd. there is prlb and ssys, i view them all as trading stocks until this becomes a more mature industry where we can see a little further down the road. but it's definitely a very exciting space to be in. >> wayne, do you have any disclosures to tell you about, whether you own any of these or your funds do? >> no, i do not and rock well does not own any, either. >> thank you, chi

. >> so ford has experimented. they've got, what, transit connect? is that right, transit connect? and they've got an e series van. how have those sales done? >> they've actually done very well. they redid the whole van setup for -- a lot of people, all the manufacturers starting to revamp these vehicles so they're more fuel efficient, they're lighter, they can haul more cargo. they've done really well. as you can see, ford f series has been the top-selling vehicle for 46 years in a row. nobody can outsell them. and i think this just helps propel them further forward. >> who wins this race, lauren? natural gas or battery powered? who wins? >> natural gas will win in the end, i believe. i know all those ev people love it, but the truth is when you drive them you have range anxiety and unless you've got a gasoline engine backing it up it makes it very concerning. >> all right. got to get out of here. i happen to agree with you. i'm rooting for the natural gas anyway. >> me too. >> lauren fix, thanks very much. that's

that's how much ford made. so very strong numbers with ford beating the street by a wide margin, 45 cents versus 37 cents. back to you. >> it's not trucks, right? even lincoln, i see a up canal of those go by, mq something or other, sedans with the full sun roof. >> yeah, lincoln is not part of this. this is trucks in north america. it is trucks in north america. they're strong in cars, but you cannot deny the fact that what we've seen with demand for pickup trucks is a big part of this. the f series dominates that market. >> the reason i'm saying that is what we seem to lose and a lot of others have said that the impulse buy for like a camaro or something, and even the -- there's another model of a ford. pretty cool looking. you need to get that so that people say i like the looks of that car and it looks like it's a good car. >> they clearly have the portfolio where you want it to be right now. it's not just utilitarian. there is definitely a wow factor and that's showing through both in terms of sales, picki

ford, but you know, this is the modern age. ford sat him down and said, young man, don't talk to me about the modern age. i invented the modern age. >> and there you have a title. >> and there i had a title. i thought when i read it, this is crazy, but in a way, the more i thought about it, if any one american can claim authorship of our national for tunes in the 20th century, i think it's henry ford. i don't think he was wrong. >> i think it's a fair argument. joe, jump in. >> not only is it a fair argument, that's been one of my favorite stories about henry ford for a long time. i love that, son, basically says, whipper snapper, don't tell me about the modern age, i invented the modern age. who can say that? henry ford can say that because again, you know, what he did -- and let's talk about first of all how radical it was for him to create the assembly line and to have one man at the time mainly man, doing the same monotonous job over and over and over again, but in so doing, he created an extraordinary operation and he chan

which cop do you think is better positioned, ford or gm? >> gm a little better positioned globally because of where it is in china, but when you look at china, keep in mind that ford is growing very quickly there. year to date, sales are up 47%. both adding a number of plants, and think expect to pick up sales rapidly over the next couple of years, sue, but an edge right now to gm because it is number one in that market. >> phil, thanks so much. appreciate it. michelle, over to you. >> sue, two more archrivals now, coke versus pepsi. coke's second-quarter profit falling. they blame the weather this. while pepsi bubbles up to all-time highs, so which drink-maker is a better investment right now? a senior analyst with jpmorgan joins us now. good to see you. >> good to see you as well. >> investors with a choice between the two. which would you tell them to buy? >> we'd stick with pepsi here. recommending it for a while. outperformed coke year to date as well as over the past couple of years. we still think there's a lack of appreciation for t

the ford fusion, owbt that? -- how about that? a lot bitter complaining from the big banks about more regulation. in a moment, check this out. we have got a box business exclusive with a major bank ceo who is not worried about one of the biggest challenges facing the nation's largest financial institutions, and that is higher capital requirements. and a moment of truth in the dramatic shutdown between michael dell and carl icahn as the clock counted down in the bitter fight over the pc maker's future. we will bring you the very latest on what shareholders who have so far been undecided are really thinking. ♪ ♪ she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your

. >>> a downgrade for ford in tonight's market focus. goldman sachs took ford off the list pointing to a lack of near term catalyst to drive gains. investors agree ford dropped more than 3% closing at 16. 60 on heavy volume. growth in merchandise and volumes more than offset declines in cole shipments. csx expects profit growth of 10 to 15% through 2015. shares of csx had risen more than 1% in anticipation of that report and popped in after hours trade. csx closed at $24.64. >>> a shot in the arm for investors in hca holdings. this hospital operator issued a strong preview of the second quarter based on increased hospital admissions. it reports results on august 1st. hca's news spread to other operators. hca gained more than 4.5% in heavy trading today closing at $38.86 and tenant up 3.5%. >>> take over talk boosted onyx pharmacy today. they expect $130 a share. onyx rejected a $120 offer two weeks ago. they are among firms interested in buying onyx. shares rose more than 1% and have surged 50% in the past two weeks. >>> profits at disco

>> caterpillar, boeing, ford. >> 4.6%. >> pepsi, delta, ford. a lot happening. make sure you join us tomorrow. that does it for us today. right now it's time for "squawk on the street." >>> good tuesday morning, welcome to "squawk on the street." we are awash in earnings from some of the biggest companies in the world. utx, dupont, travelers, ups, all sharing the stage as we look at futures this morning. a lot more to come tonight with apple, panera and at&t. our road map begins with earning season in full force. dupont, ups, travelers all on deck. >> netflix getting hit. a bit short of what wall street was expecting and exclusive comments from reid hastings. >> i hope you're hungry news on dominos, wendy's a bunch of food companies and throw dupont in there, if you wanted. >> that's what they want you to say. sorry, kids, no more kids' meals at taco bell. will other fast food chains follow? >> we'll start with dupont. shares on the rise this morning. the dow component beating the street with $1.28 and revenues coming in a bit shy of consensus. dupont considerin

introducing the ford c-max hybrid and the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> 26 past the hour. joining us now from washington, executive editor of the national journal, adam kushner. the latest issue features a special report on 250 top officials steering the obama administration's second term. adam, take us through it. you're looking at 250. how senior do they go and what are you looking for? >> all the way. we start with we want to know who are the most important people running the government and we start with all of the senate confirmed positions, cabinet secretaries, assistant secretaries. we subtract the ambassadors, add some important people like chiefs of staff, and the white house is a little more subjective. we asked our readers and editors who's important. we profile all of them and find interesting things. one thing we found this year for the first time, that we've been doing this survey which is every four years, now white men represent a minority of people in top administration posts. they're just under half. befor

ford, the whole ford thing became very bizarre because when he tripped coming off the plane, and i was there and ron denied the president tripped. then we had videotape. we played the videotape back. we thought he had been shot. suddenly, the president disappeared from view. we were very frightened. it turned out he tripped. then mrs. ford talked about it. there was a coffee table. [laughter] >> she had a wonderful way with the press. when they would ask the really tough questions, he would say, joe, i cannot believe you asked me that, then he would go, right over there and another reporter would ask the next question. i could not believe my ears when president clinton answered the young 16-year-old girl about underwear. >> you are exactly right on television, people say anything, then you feel you have no privacy. you have to answer the question that somebody asked you. >> i want to let people in the audience know we will start taking some audience questions if you come to the microphone. go ahead. >> in jackie kennedy's tour of the white house, i think it was charles -- asked her, th

before ford went out of business, ford had 30 pages on seniority. that really took away management's decision to who could work in what job and could the most effective people and efficient people be working in certain jobs. you had the general motors contract where the union dictated which cars could be made in which plants for how many years. that's the kind of thing that destroyed the industry and when the auto industry went down and the supplier industry went down and service the supplies, and you had detroit as well as michigan in a death spiral. >> it looks like this federal judge says, yes, you can declare bankruptcy and who gets what in detroit. odds are strong, the union guys, 20,000 retirees will not get what they have been promis promised, no matter what the state constitution says. that sends a message to union retirees, they may not get what they've been promised. you may say that this is the union's fault, but when all settles down-- >> half of the shortfall in the michigan financial or the detroit financials is money owed to retirees.

now playing at a ford dealer near you. combine to make the perfect breakfast. like kneading dough only she could make from scratch. so after 65 years of baking, marie callender's new sausage, egg, and cheese breakfast sandwich starts with a golden cheddar biscuit that's light and fluffy. finally, a breakfast sandwich that toasts warm and flaky right from the microwave. never rock hard, never soggy. with better bread, for a sandwich worthy of your morning. marie callender's. it's time to savor. >>> "20/20" continues. once again, deborah roberts. >> this woman was just 8, kirsten myers ruggiano was just 8 years old when her father eric, a devout christian and heir to a real estate fortune, disappeared without a trace. for years she blamed herself. so as you grew older, did you feel that dad just doesn't want to be with us, he left us? >> yeah. maybe i wasn't a good enough kid. >> reporter: with no father, she says her mother, anne became her world. >> my mother is one of the most selfless people i've ever met. if either my sister or i called her and said, "i need

well, speaking of gas, ford is launching a natural gas version of its bestselling ford f-150 truck. let's bring in phil. is this a gimmick or is this the real thing with ford? >> reporter: no, it's the real thing. i think ford realizes, because there have been enough people asked about getting a nat gas version of the f-150, they said, listen, let's make it available for people who want this version. the appeal is out there in certain select markets. but when you look nationwide, i think mass adoption runs into the problem with infrastructure, brian. you've only got something, like, 1,328 nat gas refuelling stations around the country, and they're pretty much isolated to certain pockets. so as a result, ford is expecting there's going to be some takers on this, but don't expect huge sales, because naturally, the infrastructure is not there nationwide. >> a personal question about the power of these things. if you have a truck, does nat gas give you the same torque? if you had a boat, trailer, working -- >> reporter: i haven't looked at the specific numbers, but they already offer it

introducing the ford c-max hybrid and the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> i'm mary thompson with your cnbc market wrap. records marked again a wall street as the dow hits a new high. the s&p climbing 8 to have hid a report of its own. the nasdaq finishes up a point. >>> in a huge sign of confidence, moody's just upgr e upgraded the outlook on the u.s. credit rating. >>> in the meantime detroit just became the largest city in u.s. history to file for bankruptcy after a dead kay of declining population. now back to "hardball." >>> we're back. think about this. the republicans were convinced that obamacare will be as unpopular as they say they will be, would they be trying so desperately to scuttle it. told you so. instead you had the gop today actively rooting for it to go badly at the outset. you had them making purely symbolic -- yesterday marked the 38th and 39th attempt by the house of representatives to repeal the measure. maybe what they're afraid of is the law will succeed and become popular. as paul krugman wrote, cons

>> i can't believe we're talking about ford. unless the market gets creamed, this thing looks good. >> got to run. have a great rest of the day. "power" starts now. >>> "halftime" is over. "power lunch" and the second half of the trading day start right now. >> scott, thank you very much. have they got a deal for you. big auto sales coming in today from the big three. it's a sign detroit is driving in the right direction. our auto man phil lebeau has the details in 20 seconds. jobs in the u.s., we get the june report on friday, but there are already some whispers in us warning us all to lock out. the picture may turn sour fast, and a controversial new way to pay employees. several big-name franchises and companies are doing it. mcdonald's, taco bell, walgreens, walmart and the big banks support it, but it may be costing those who can least afford it far too much in fees. we start as always with sue at the nyse. hey, sue. >> hey, ty, good to see you. stocks are off of their highs but we are in the green. here's a look at where we

ford was born 100 years ago today as leslie lynch king jr. three years later the future president's mother married gerald rudolph ford and began calling her son gerald r. ford jr. his name wasn't officially changed until he was 22 years old. thanks to awful you for being part of my program this week. i will see you next week. stay tuned for "reliable stay tuned for "reliable sources." -- captions by vitac -- www.vitac.com >>> in the circuit court of the 18th judicial circuit, seminole county, florida, state of florida versus george zimmerman, verdict, we the jury find george zimmerman not guilty. so say we all, foreperson? >> good morning, everyone. i'm kate bolduan. it is 11:00 in the east. thank you for joining us this sunday. >> and i'm chris cuomo. welcome to this special edition of "cnn newsroom." from potential life imprisonment to free man, george zimmerman found not guilty. you just heard it. in the death of trayvon martin. jurors deliberated for 16 1/2 hours before clearing zimmerman of all wrongdoing, rejecting both the second-degre

and ford is making a real nice move there. we're less than 24 hours away from the deadline egypt gave mohammad morsi. meet the demands of demonstrators or the military will take action. and here is the thing, the big question, who is the egyptian military? who are the guys who get to dictate who is going to be the president of egypt? this is the untold story revolution. certainly we saw masses put mubarak into the history books and now we're seeing ten times larger masses come out and revolting against the brotherhood against islamist rule and sharia. and the problem is there is he' always been a state within a state. since 1952, the supreme council forces basically have run egypt. the late 90's they start today pull back and even though they came out of their ranks and basical basically idealogs, and they have their own businesses and et cetera, they're extremely -- they have not transformed into had a military of the people. in late 2012 morsi tried to shuffle the leadership and tried it put in younger folks, it's a secular-