mark: breaking news, gm and persia set to discuss a $2 billion evaluation for gm opel unit as european business, a price that includes a billion dollars in cash, assuming $1 billion in liability, this is according to people familiar with the matter, we manufacture are targeting reaching a framework agreement as soon as reportinghen peugeot earnings. the transaction i should stress could still fall apart, the key sticking point it seems is identifying ways to cut costs with unions and government -- that unions and government would support, looking to make the sale financially feasible because they have overlapping model lines and industry overcapacity. developing news on the gm peugeot potential deal. this is bloomberg. ♪ ♪ from bloomberg world had quarters in new york, i am vonnie quinn. , the i am mark barton european close roughly 16 minutes away, precision on bloomberg, let's get back to the market, the bond market, the reflation policies of president trump and geopolitical risk in europe. -- $180us is the billion in assets under management. is the trump train running out of ste

but gm is a little different. it had planned factory it was upgrading in mexico, and is still going along with those plans. the head of gm is part of president trump's group of business leaders that he meets with regularly, once a month. he met them last week. it is interesting when you see gm's earnings and the fact they are still continuing with their plans of that factory in mexico, despite the fact that the boss is part of president trump's economic advisers. will become the director of in october, uber published a white paper outlining the potential outlining the potential for "on—demand aviation" to transform the daily commute. bp and the oil price — so profits fell 55% in 2016 compared to the previous year but remember injanuary last years oil price but those earnings were short of expectations causing that its share price to drop 3% in morning trade. a village in hungary which has introduced a bylaw aimed at making it difficult for muslims and gay people to live there — is being advertised in the uk

gm could be selling its main brand in europe, opel. here is why. in 2012, opel posted an operating loss of close to $2 billion. in 2014, losses amounted to over $1 billion. last year, opel promised to break even, but it couldn't. $300 million in losses reported. a lot of these loss on the balance setrehenc expes have pointed to the ntia for synergy between the two countries. for us, there is a strong existing cooperation that could be expanded. but that is not all. >> from the perspective of general motors, it is understandable that given opel's long history of lossmaking in europe, it would try to pull away from risk. from uncertainty. peugeot wants to build a big conglomerate. that is risky. daniel: the opel plant in the west german city of brussels, reactions were mixed. some are skeptical to deal with succeed while others expected both firms to put profit above all else, even at the worker's expense. >> i can't imagine it. general motors has always been concerned with maximizing profits. with peugeot, it won't be any different. daniel: the marr

so why is gm stock continuing on struggle? even as the automaker the had even greater profits for 2017. one reason is president trump. he's met him at the white house. he is threatening on slap a border tax on vehicles made in mexico and sold in the u.s. not only does the u.s. ill port more autos from mexico, a good part are profitable trucks. so when investors are worried they may have to raise prices pickups or cut into profits or perhaps pay hundreds of millions of dollars to move production to the u.s. they said gm is talking with the president and waiting to see what he ultimately does with the border. >> there are a lot of moving pieces right now. we're at the table and also working at all levels of the administration to make sure we're providing the input. >> while gm hobbied the trump administration, they do not see companies slowing down. especially in the united states. the average vehicle topped $35,000. more than $4,000 above the industry average. nbc business report. chicago. >>> the hand bags ask accessory says a

what is gm doing to prevent child heat deaths? >> these are tragic circumstance and gm has nouned we are implementing 2017, 2018 model remind you when rare door is open on the vehicle and the ignition is turned off, chime souped sound and message is put up reminding driver to check the rear seat. this has been effective system to implement and one i say is already in production on many models. >> dr. pratt and mr. karrberg, are your companies working on technology to prevent child heat death? >> first of all, consumer education is important. however, what we have recently introduced is emotion sensor. it can sense if a child or animal moves. it's a first step and i'll be happy to provide protocol later on how they are to protect our children. >> the problem the baby is sleeping so there's no movement. dr. pratt. >> i run the research lab, i done know that particular details of the implementation, i can speak to what we are doing research on. we are working on inside occupants in the car. there's research technology, i done don't k

detroit-based manufacturer, gm, maintains its business and focuses on the domestic and asian markets. profitsmotors reported last year and the european arm has been hemorrhaging money for the last decade. >> g.m. was not happy with the cleanup efforts. they have been operating since 1999 and this amounts to billions. gm is practically giving up because of this big number. >> one of the most important european markets has been the united kingdom. second-most the sold. it led to an unexpected $300 million loss for them and increased pressure on it to find a solution. >> expectations to raise the interest rates gradually this year. janet yellen testified and said that it would not be wise to leave rates at these record lows for too long and it would force monetary policy to change too quickly. changes could influence the federal reserve and their thinking. >> changes in fiscal or other economic policies could affect the economic outlook. it is too early to know the policy changes that would be put in place or how this will unfold. opinenot my intention to on specific proposals, but i wou

gm is in discussions about a sale to ps oh -- psa group. people are calling it a win-win, is it really? we are waiting for the european markets to open. this is bloomberg. ♪ guy: equities open in 15 minutes. european futures are bid. let's talk about what happened yesterday with the fed. going for spring hike? janet yellen says it would be unwise to wait to raise rates and the u.s. bank stocks, the dollar, bank stocks went higher. the dollar impacted by this but less so. treasury yields did not move as much as i would have thought. the march hike rose on the comments of a probability of a hike in may. let's begin to all of this with bloomberg macro strategist. let's talk about march. his may the new march? -- is may the new march? so in terms of pricing. we are earning enough is early enough in the cycle that they want to hike in a meeting where they explain their decision. every meeting is live and that is one of the takeaways from last night that march is still possible but in reality, march is unlikely still. is that because there is n

but gm has not done the same thing. in fa ct, gm has not done the same thing. in fact, they already had a plan in place to build a factory in mexico, and it hasn't really changed that plan. it seems they have been able to avoid some of that pressure. other automobile makers have been feeling it. going forward it will be really interesting to watch, the relationship between the big three auto—makers in the united states, and mrtrump, and how that relationship bills. thank you. we have a switch from new york to israel. on monday, the israeli parliament passed a law which retroactively legalises almost 4000 settlements. these are different pictures we have of settlements being built and areas being cleared as they go about the construction process. the palestinian president has called this an act of aggression. the un france, britain, is really opposition parties and the israeli attorney general have condemned it. america says it will hold —— will withhold comment until the bill has been reviewed by the israeli court. the settlements were built on privately

the gm says he needs help and he needs our region to pitch in. metro's gm says he's looked under every rock to find savings at the transit agency, from slashing jobs to potentially cutting service. but a breaking point is fast approaching. >> i've used up just about every tool i have. i can continue to press. i will. on absenteeism and those things, but the big numbers just aren't there. >> reporter: what the gm is talking about isn't exactly new, but as metro tackled a nearly $300 million budget gap this year, it's clear they're going to need help. >> one of this i things i've he repeatedly is -- >> reporter: while the gm has not called for a dedicated source of funding for the region specifically, others have said something like a sales tax needs to be set up that would specifically fund metro. >> it does have its issues but still so does 270, so does 495. >> reporter: do you feel like you're getting what you pay for? >> yeah. >> reporter: for now, metro's leader putting the region on notice that something financially is going to have to change

gm just out with its earnings. cfo chuck stevens will join us to talk about the company's latest quarter, plus his response to president trump's border tax threat. stay tuned. "squawk box" will be right back. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back, everybody. retailer michael kors out with earnings. courtney reagan joins us to break down the quarter. >> good morning. watch for shares of kors to be under pressure this morning. posting $1.64 per share, beating con sensensus by a penny. revenue down from the year prior and shy of consensus. analyst wering look for a drop of 5.1%. fourth quarter and full-year earnings forecast falling short of analyst expectations. fourth quarter forecasting by the company to fall between 68 cents and 72 cents. comp sales are projected to fall in the lo

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer.

what is gm doing to prevent child heat deaths? >> as you said, these are tragic circumstances, and gm has already announced that we are implementing on the 2017, and 2018 models a rear seat reminder system that through monitoring when a rear door is open on the vehicle, then when the ignition is turned off at the end of the journey, chimes sound and a message is put up on the instrument cluster reminding the driver to check the rear seat. this is an effective system to implement, and one that i would say is already in production on many models. >> dr. pratt and mr. carberg, are your companies already working on child heat prevention. >> first of all, consumer education is important. however, what we have recently introduced is emotion sensor. it can sense if a child or animal moves. it's a first step for this and i would be happy to provide for the protocol later on exactly how efficient these technologies are to protect our children. >> and the problem of course is that often the baby is sleeping, and so there is no movement. dr.

gm is going to produce 10 million cars. i'm not going to do -- >> it's profit. >> i'm not going to do what you expect me to do and highlight six times earnings versus 150 times or 8 billion in free cash flow versus negative free cash flow. i'm going to give you a new way of looking at it. for every car sold the market cap in gm is $5600. you know what it is for tesla? $336,000. that's what the market cap is. 60 times more valuable per car produced. that better be one heck of a car. i'm going the tell you it's not. as greats a elon musk is, he has 10% of the electric vehicle market. the traditionals have the rest of it including gm, including bmw, including honda. i just don't see -- >> i like the volt. i like the bolt a lot better than if volt, judge. and it is "b" bolt, right? versus "v" volt. neither one of them can compare with the tesla. when the model three comes out, judge, at around that $30,000 price point, even better. >> what was that? come on. it's you and me. >> he's the judge. >> volt and bolt. >> i love what h

think of gm and ford. downgraded in 2005 but we've upgraded since. smaller cap issuers so there's not a ton of overlap. >> great to see you. guy adami, what would you glean? i think it is interesting that small cams widely seem to be huge beneficiaries. they pay the most tax to the highest rates. >> what i gleaned from this, it was february 11th, a 84 ago when the s&p 500 traded to 1810. we were talking about the potential for high yield to blow up. not only our markets but markets across the world and how quickly they seemingly heal themselves. and they've been on it by the way as well. i think in small caps, the stocks, and i'll say the again. everything second accurate. iwm, as long as it is above 130, i think you're fine. >> let talk about where you can go. outside the bond markets. >> it is a new stock for me, in 2017, but gm. when you look at the valuation it's trading at, you look at the january numbers from gm, the transaction numbers were gaining. they're selling the right vehicles. it seems to me they were focusing far board profit rather t

automotive performance, ford, fiat chrysler and gm, the context being that gm is in negotiations with psa to purchase gm's european operations and today a u.k. minister meeting with the chief executive of psa to determine the pension liability that may prevent or may help the deal actually be consummated. let's look at the pie chart, key business metrics, if you want to look at where gm operations, you take a look at international operations, take a look in south america, european operations, let's make it happen. --a: getting breaking news carry on. pimm: there it is. opel, the continental rent for gm, and the bread in the united kingdom, have not been a moneymaker for general motors and about 12% as a result of their sales. hp enterprise reporting earnings fourth quarter -- this quarter earnings per share at $.45, versus estimated $.44, it beat their first quarter net revenue, $11.4 billion, this was a miss versus the estimated $12.1 billion. hpe sees euro had adjusted earnings per share at $1.88 to $1.98. pimm: not good and the shares down nearly 5%. joe: the stock tumbling. what d

move to vote until the ranking member answers to invest satisfaction and that was ignored as it was gm through and finally after was splashed through with questions about rules being banned or ignored this nomination is rushed to move the floor and the republicans will gm it through here as well. the more people learn aboutschos devos then the more they hear about background and the more reggae's see her then president trump hasas broken the promise to drain the swamp. red her failed to record squinting gold finances and complex interest and lack of understanding or experience them were the of pressure increases to provide their allegiance to stand with their constituents. leander's the and why someone to rash i think it is wrong and i know people they're paying attention. and to make one final pointte the senior senator from tent product the idea of fairness when it comes to how we should approach this nomination.s brough saying they should be treated fairly but defining fairness and uninteresting way to say if they didn't scrutinize the nominees or do their due diligence it would be

we will hear from the gm and what the season might hold and the flyers, well, they laid way too late for morning crew to watched and if you missed it, we will get you caught up with their games with the trading-in or selling your car, truck or suv? webuyanycar.com takes the hassle out of selling in just 3 easy steps. one, get your free online valuation. two, drive to your local car buying center. and three, walk out with your check in as little as 30 minutes ! so don't wait...get your free online valuation now at webuyanycar.com. ♪find out how much your car is worth at webuyanycar.com♪ very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. >>> welcome back. thanks for waking up with us here on cbs-3 "eyewitness news". >> pat's here with sports. flyers played late on the road this calgary. >> we cannot get any winning teams in this town. >> bad night. >> it was, yeah. >> well, scoring has been a big issue as ovulate for flyers and that was no different last night. they were out west playing late and they took on calg

the growth is gone and gm has been the best of the u.s. automakers. showu are starting to lower margins, maybe it is time to move on somewhere else. vonnie: thank you. let's head over to bloomberg's abigail. >> we are saying a little bit of intraday volatility. the s&p 500 is slipping between small gains and losses. biggest reversal is for the 10 year yield. row, the firsta time it has happened this time as year. say this is setting up for higher socks and a lower vix. jim sugar is making the point that this chart of risk is at low, suggesting we could see a massive move higher of risk in the financial market which there ,ould be a shock time pullback there could be some moves down in socks in march. lots of volatility perhaps the head. magnus, professor , coming up a secret alliance between two very old enemies in the middle east. this is bloomberg. hisie: sean spicer holding daily press briefing. trump was talking about reform agenda. we are also getting some other headlines. requests forroved assistance in mississippi. sunday river and may not seem

we'll keep an eye on gm to start. we should mention record pre-tax profit in north america. 18% share in north america. >> gm, one of those things where it is almost boilerplate caution we're getting from a lot of companies. it's what they have to do. the world is an uncertain place. i see a lot of stocks that, you know, there is an upgrade of caterpillar today by barclays. saying, look, you have to get in now. things are going to get better. i don't think -- but, remember, how many times has cat told you it is not getting better? you have to go against sometimes. you have to go against what the companies are saying. that makes it really tough. tough to say on a cyclical, listen, we don't see the world better. the analysts say, wait a second, you're too negative tif. that's the story of the caterpillar. >> this back and forth with arconic, which you've been over, continues. pacific advisers is in favor of the elliott. >> is that early that someone is siding with elliott? >> maybe a little. arconic itself coming out wi

there are over 40,000 people employed directly by gm or in vauxhall‘s retail or supply chain in this country. last tuesday, news emerged that gm were in discussions with the french company psa about the future of gm‘s european operations. i spoke to the president of gm by telephone that afternoon and communicated the importance we attach to vauxhall‘s presence in the uk and to its workforce. i‘m grateful to him for travelling to meet me last thursday. he told me no agreement with ph a had been reached. he shared my assessment of the success of the vauxhall plants in britain and of the vauxhall brand and gm‘s intention was any deal should be about building on the success of these operations rather than seeking to rationalise them. following on from my meeting with gm, i travelled to paris to meet my counterpart in the french government, the industry minister, and following these discussions, i met with psa board members for two hours later on thursday night. i emphasised once again the importance attach to the continuing success of vauxhall in britain and the recognition of it

fiat chrysler and gm. as for the 10 year yield ahead of yellen, we do have a bit of a rally in rates. isds are trading lower, that why we have eight basis points represented in red. the 10 year yield is up. the first time that has happened since the middle of december. a little bit of expectation here on that perhaps she will speak about rates rising. she could be talking about moderate or gradual hiking. in white we have the personal consumption index. that is the fed preferred rate of inflation. here we have the 10 year yield. 1.7 while the 10 year yield is up. a big gap suggesting that you could actually see the 10 year yield dropped back down. perhaps investors are little bit ahead of themselves in the bond. check out what is happening. we await janet yellen's approach. yesterday we finished at the highest level since december 7. you referred to auto and they are leading the advance. up by .9%. a busy day today. credit suisse is in the news. a greater than estimated fourth-quarter loss. to settle aharg

like the head chrysler investing a billion dollars, gm investing a billion dollars. 7,000 jobs, indel, $7 billion adding 10,000 jobs when it's all said and done. you get the idea, to charles payne, charlie gasparina, charles, thank you for hosting last week. [laughter] neil: what do you make of this? donald trump, the good, the bad, get it all out there. the president did have a point that a disproportion amount of focus on my failures. >> you're being diplomatic, let's face it. the media went to war with donald trump, the candidate. they really did. neil: do you not like him? charles: they are treating him like a clown and wouldn't cover him as a true politician. hey, they really beat him up over and over again. he had to get a lot of stuff off his chest and i think the american public enjoyed it as well because the media has put themselves above everyone. they never look at mirror and look at themselves. i understand that most of the ideology are most left-leaning. they've lost a lot of credibility. neil: i wonder if you can risk going too far. some do soul searching. donald trump d

abelson, gm? >> i think it's an important question, and i would say at general motors, we intend to roll out autonomous vehicles first in ride sharing fleets. >> in ride sharing did you say. >> ride sharing, yes. similar to a lyft fleet. one of the advantages is that it gives the public the opportunity to experience the technology without having to necessarily buy and own an autonomous vehicle. it also gives you the opportunity to book the ride, to provide the user the information they need on the autonomous vehicle. >> when do you estimate that this might be in use in gm's vehicles? >> as i said, we're doing testing on public roads right now. but to be honest, the exact date is going to depend on how quickly the data can be gathered, and we have to prove po both ourselves and our regulators that we're ready to go driverless. >> to the distinguished panel, do you believe that these automobiles will be used on all of our roads, or will they first be used on limited access highways, the interstate h

that is the gm chief financial officer. reconstituting the board with five new independent directors -- star board owns and 6.7% of para go shares. -- perrigo shares. coming up, the chairman of the house ways and means committee. from new york, this is bloomberg. ♪ jon: this is "bloomberg daybreak ." three-day winning streak, we broke that yesterday on the s&p 500. a marshall moved to the downside. we have snapped back, maybe. -- a marginal moved to the downside. risk in the driving seat is peripheral yields. that gave a haven bid to treasuries. on theup a basis point u.s. 10 year. euro-dollar comes in almost .75%. dollar-yen about .5%. will volatility ever picke up? this is the volatility for fx, the white line. stocks in the u.s. the blue line. a purple line is volatility for the treasury market. all pointing lower. the treasury index volatility has moved much lower. joining us, bob michele. where is the risk under priced? bob: when you look at what is under priced, it is hard to know march should be live. we have to st

nicole: disney come up america and the gm trying to find direction. it's worth noting our editor that has been moved 1% since december 7th. those 40 days. looking for clarity. looking for clarity in the new administration. maria bartiromo through the next couple hours of trading. >> good morning. thanks for being with us. i maria bartiromo. happy tuesday. it is tuesday february 7th. 6:00 a.m. on the east coast. defending the so-called travel ban and defy them last night, the president has the broad authority to decide who can and cannot come into the united states. president trump telling our troops yesterday by this kind of policy is needed.

you want to talk gm, jim. >> yeah. there is a valentine's day present for gm. when i went over the gm quarter, it was 37, looked terrific on the surface. then you started hearing about how bad opal is. these have been loss makers for ages. what if you could off load them? that's the talk of what is driving gm's stock today. it is like, let's do a do over if we didn't have the horrible european operation. there are confirmed talks. david, why would they want the two brands? >> i don't know. tell me. why? >> because they are not that smart about their own business. i don't know. i mean, honestly, you can't really rationalize in europe the way you can -- i don't know if you can rationalize in this country anymore. the idea would be, obviously, you put 2 plus 2 together, and you get, i don't know, 5. i think you might get 3. then again, i'm not in the auto business, thank heavens. >> they do share production in a number of locations, don't they, j jim? that could help in synergies. >> if i were gm, i'd pay them to take it. i'm not being facetious. david, this is a

. >> reporter: the gm admits we may never get back to a spot where metro was carrying 750,000 riders a day. metro is looking everywhere for savings right now from slashing yobs to potentially cutting service and the money is tight. >> i used up just about every tool i have. i can continue to press, i will, absent absenteeism, workers' comp, overtime, those things. the big numbers aren't there and that's where we find ourselves. >> reporter: the gm has call for a dedicated source of funding for the region specifically, others have said something like a sales tax needs to be set metro. riders we talked to said they'd be on board. >> rail line does have its issues. so does 270. so does 495. so i'm going to count on the metro. >> do you feel like you're getting what you paid for? >> i do. >> you do, actually? >> yeah. >> reporter: for now, metro's leader putting the region on notice something financially is going to have to change. >>> police watch your step and keep moving upon exiting the escalator. >> metro is testing some new audible escalator warnings at some stations. it comes afte

and gm workers are getting a $12 million profit sharing, and that's a big gm story, and that's interesting in the world of the president criticizing for their overseas expansion and the like. >> it's also interesting how the tariff tax flip-flop, and it's hard to know. he said every variation of it over time. yes, he will issue a tariff -- >> he has been using those words in my view, it is almost interchangeably, and a border tax is different than a tariff. >> if there is any tariff or tax, it's not mexico paying for the wall. remember that. >> all right, remember that. >>> still to come, president trump's travel ban face a big test today as attorneys general come up. >>> the future of your health care with bernie sanders and ted cruz, a heated debate no doubt tonight at 9:00 p.m. eastern, right here. >> maybe they can do something for my throat to give me my throat back. dr. cruz. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a veste

gm europe could well become part of the psa group. do you think these changes are for the better and that the oems in europe will make more money and cut the problem of overcapacity? >> i think we have two separate problems. we are in a time where both our customers and suppliers are making quite a lot of money. europe is getting betterment that's for sure. you have seen the results disclosed by peugeot, renault recently, they're in improvement. so the opel deal or gm deal in europe is one of them. the question is why is gm stepping out of the european market? european market is second biggest market in the world. it's a great market and a growing market. >> i think the answer is the historic lack of profitability. you have given us targets out to 2021, will you stay independent for that period? >> we will? >> stay independent? >> i hope so. we are the fastest growing automotive supplier in the world, and probably one with increasing profitability the quickest. we have to find the difference between growth and profitability. >> thank

. -- gm -- jim mattis. a very smart move at a time when some world leaders may be an easy because he is such an unconventional politician, sending leaders from the administration over to reaffirm the relationships and to outline the goals going forward is absolutely a good way to manage expectations. brian, we should mark the day, one month since donald trump walked into the white house. i was looking back to see what president obama had achieved by this point, he and signed into law a stimulus package, expanded health ca re stimulus package, expanded health care for children, and they bill on equal pay for women. donald trump has signed 23 executive orders, but it doesn't feel as if an awful lot is happening. well, that is odd, because it has been a fire hose at the white house, just generating i'iews the white house, just generating news and information and plans. he has rolled back a number of regulations related to the coal industry, he has rolled out a new supreme court justice nominee, industry, he ha

i mentioned how important that would be in my discussions both with gm and with psa. no deal has been concluded yet. both organisations are well aware of the importance that i, as well as my honourable friend, attach. i do not think we can ignore the impact that brexit may have in this going forward. if it is a direct competition between a german plant and a uk plant, regardless of the undoubted strength of the uk plant, when they have 75% of their components and 80% of their exports going to the single market, they will be at a disadvantage with european counterparts. can i take this opportunity to ask the secretary of state, given he has said he will do everything he can at all times, to to rule out the hard brexit that is being proposed, reassess the single market membership? we can leave the eu but we do not have to leave the single market and doing so will protect employees at vauxhall and right across the economy. we are all, as local mps, justifiably proud of the work that they have done which has kept this production as one of the most efficient in the world.

nick bar owe is gm here, good morning. >> if morning. >> it the has license a weird winter but for you, it has been awesome because you have been able to golf. >> yes, we cannot ask for better weather. you don't expect rot this time of the year. i have been here 10 years. we have had winters where entire months have been snow covered and then winters like this, it the is 70 degrees and days where it end up being 50 and in the same week don't tend to be as good as they usually are. so we are ready to rock. it will be busy for next three days. we are excitedy asked you what the book looked like, normally you were telling me you start at 9:00, today you are starting at 7:30. you are booked next couple days. >> today we don't have open t time left this time of the year, you get days like this. i'm sure there is a lot of call out toss work. sorry if i got new trouble for saying that. >> you cannot blame people. >> last year we had a couple snowstorms that ruined your winter. this test was a little will chilly but overall you just don't see things like this. >> consistency of having three or

gm is trading up nearly 5%. peugeot was one of my very first cars. i had a diesel that chugged out black smoke. >>> self-driving cars the attention of capitol hill today. two senators, republican chairman of the senate commerce committee, john thune, and gary peters said they plan to work together to lower the hurdles for the entire auto industry as we create autonomous vehicles, hoping to put forth legislation this year. as experts advised a house subcommittee, how soon cars without drivers could really hit the road. jeff flock has been watching all the developments. i would rather leave it to the car guys versus congress. they don't have to be involved. reporter: could this be the thing that unites republicans and democrats, the one thing that could, self-driving cars? as you point out, liz, republican senator and a democratic senator, on the same page. flexibility they want to give in the house. we heard about the virtues of autonomous vehicles. have we got a parent or grandparent got too old, lost their license. wouldn't it be great to get in a c

next, we are going to get back to matt to talk about this gm story. this is bloomberg. ♪ matt: marching towards a height. the odds of tightening rises as janet yellen strikes a hawkish tone in u.s. inflation -- and u.s. inflation sees the biggest monthly jump in almost four years, so why did the dollar decline? nestle crunch, the world 's largest -- efforts to restructure the company. will it be enough to reignite growth? opel to psa, britain's biggest union says it will not support a single job loss. we speak to his head, len mccluskey, next. welcome to bloomberg markets, the european open. i am matt miller in germany at the opel headquarters. guy johnson, alongside me, in london. guy. guy: we are 30 minutes into equity trading. let us take a quick look at how things are shaping up here. the one thing you need to be aware of, it is thursday. dividend on a ex thursday. bp shall going ex dividend -- bp shell going ex dividend. 600 is the biggest loser .own by 1.44% the other thing i want to make everybody aware of, matt, is, and i guess this is a rel

whether you book >> when do you estimate that this might be in use in gm's vehicles? >> so as i said we are doing testing on public roads but to be honest pics exact date is going to pin on how quickly that data can be gathered. we have to, as i said to both ourselves and the regulators that we are ready before we go driverless. >> to the distinguished panel, do you believe that these automobiles will be used on all of our roads, or will they first be used on limited access highways, the interstate highway system, for example, or other similar roads? dr. pratt. >> first let me add on to the last question with regard to driver education. i think education is absolutely key. some of the issues are having to do with how much trust the driver puts in the system and learning up to either under trust are over trust the autonomy that is in there. whether or not it will need changes to the requirements for a license we don't know yet. we will still learn but also keep in mind we need to educate the public in terms of how to interact with his car to think of a pedestrian choos

what you need to do to get the coveted millennials and the story of a nigerian immigrant who works for gm by day and a fashion designer and entrepreneur at night. those stories and much more kochling up next on "your business." >>> will your business will ready when growth presents itself. american express open cards help you take on a new job. or fill a big order. or expand your office and take on whatever comes next. for those who always find new ways to grow their business, american express open proudly presents "your business" on msnbc. >>> hi, everyone. i'm j.j. ramberg. welcome to "your business," the show dedicated to help your growing business. it started with one guy who wanted to find funding for a concert. years later, crowd funding platform, kickstarter helped raise money for everything from a souped up cooler to a movie. we caught up with the co-founder and ceo, yancey strickler to get tips on how to grow a successful business. >> harry chan, the creator of starter and i wanted to throw a concert. he had this idea, what if instead of funding the money, i put the idea online a

just 7 years ago, gm declared bankruptcy and was bailed out by the federal government. gm by the way is the third largest automaker in the world behind volkswagen and toyota. >>> from zero to 60, tesla's model s is officially the world's fastest car. motor trend put the car to the test with electric engines, it jumped from a dead stop to 60 miles an hour in 2.28 seconds. that's faster than any other street legal car including ferraris, lamborghini, bugatti and any other exotic cars that you can name. >>> it is 4:57. the approval process for president trump's cabinet nominees gets more heated. one senator silenced. the drama unfolding on the senate floor this morning. >> reporter: a warning to driver's this morning. a major highway shut down because of a monster mudslide. ,,,,,,,,,,,,,, and i'm kenny choi. let's get a look at weather and morning. >>> good morning, everyone. it's wednesday, february 8. i'm michelle griego. >> i'm kenny choi. let's head outside take a look at the conditions this morning on a wednesday morning. a live look at the bay bridge. we are going to

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. [ alarm weather.eping ] ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] ♪ john: how is obama care like dating a controlling and intrusive guy. so you go to the dr. and in the office is your boyfriend got of. >> this seems a little intrusive. >> just making sure you get the healthcare you deserve is intrusive, then i we will be constantly intrusive for the rest of your life, and it will be impossible to get rid of me. john: a pretty good description of obama care, care, constantly intrusive for the rest of your life and impossible to stop. first of all, government controls mean fewer choices. >> this is a big part of what i do, protect people from sources. anyway, this is a great plan. i don't have kids. that is just giving my money to the insurance company.

at yas per and tioga, it is first big rush hour take for septa, let's roll video yesterday, septa's gm showed us the track, that was found in the bent box adjacent to the main support beam underneath 60 of market frankford line cars. they have pulled all 60 out of the service loop to take, and let's come back to the maps. we will get ready for longer gaps between the trains. the platforms will be overcrowded. they have shuttle bus services which work well. everything went well yesterday to take though i think everyone is heading back to work. we got lucky yesterday was that super bowl holiday. folks took the day off maybe went in later. today will be that first crunch day. be ready give yourself extra time. one tip if you are taking a short trip the shuttle bus service will be great for you. but if you are going from 69th all the way up into northeast philadelphia, wait it out and wait for a train, the shuttle buses will take you forever to ride from one end of the line to the other. regional rail lines are off to a good start. karen and thomas, back to you. >>> we want to get to this

cfoaad: that was the gm speaking to david westin. but we look at volkswagen's $2 billion electric avenue. maker ist how the car trying to make amends for its diesel emissions scandal. this is bloomberg. ♪ rishaad: you are watching "bloomberg markets: asia". i am rishaad salamat. making headlines after forming a new subsidiary to manage its $2 billion investment in the electric cars. be called electrify and america, and they will invest in the construction and maintenance of vehicle charging stations and will fund advertising campaigns to promote awareness. volkswagen's investment is part of this legal settlement and down to that company being caught cheating on emissions tests for diesel powered cars. , not backing down in its legal fight with fitbit. it ise is saying fit under investigation by a ofminal grand jury for theft trade secrets. they have been in these legal battles since 2015, when jawbone accused fit it. -- fitbit. saying goes trade secret claims have been analyzed and rejected. industry, shares of singapore airlines o

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. kennedy: if you think you have a tough month coming up, try being a republican lawmaker. march could be the most important month for republican lawmakers in a decade. republicans control the white house and the house and senate for the first time since 2006. and some big ticket items. they have to pass a budget. they plan to overhaul the entire tax code and repeal and replace obamacare. each those would be very difficult alone. but can republicans tackle all three at once? let me ask tom cone. why is march the most important month in 10 years? >> congress is back in session. they have a six-week period where they will try to get all this stuff done. it's not just little stuff, it's big stuff. think about it as a tube. only so much can fit through the tube after the one time. when you have giant things that are being forced through the tube, oftentimes they get rejected because they are too buying. thanks reform and obamacare are hu

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. ♪ john: how is obama care like dating a controlling and intrusive guy. so you go to the dr. and in the office is your boyfriend got of. >> this seems a little intrusive. >> just making sure you get the healthcare you deserve is intrusive, then i we will be constantly intrusive for the rest of your life, and it will be impossible to get rid of me. john: a pretty good description of obama care, care, constantly intrusive for the rest of your life and impossible to stop. first of all, government controls mean fewer choices. >> this is a big part of what i do, protect people from sources. anyway, this is a great plan. i don't have kids. that is just giving my money to the insurance company. john: yes, insurance companies are happy about it. then they became big backers of obama care because they learned that this gives us captive customers. the video suggests obama care would raise costs. i'm just wrong. the affordable care act, we h

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. >> welcome back. we're liveith breaking news on u.s. president donald trump's travel ban. now the u.s. justice department is set to appeal a judge's decision that has frozen mr. trump's immigration order. as protests continue in cities right across the country against the president's policies. >> demonstrators turning out as you see there on your screen in west palm beach, florida near to where mr. trump is spending the weekend. now there are also a handful of trump supporters demonstrating there as well we should say and in a string of tweets on saturday, the president blasting the judge who suspended the ban. >> now at a red cross gala he predicted his administration will win this legal battle. cnn contributor joins us from pittsburgh, pennsylvania, via skype. good to have you with us. mr. trump had expected a quiet sort of a weekend. he certainly didn't expect this the unraveling this legal wrangling as we've seen. >> i think on

they officially introduce their newest head coach and gm. that's coming up. >>> plus, a tragedy reported in the santa cruz mountains. a worker clearing that massive mudslide there on highway 17 has been killed. we will have much more on this developing news when we come right back. the price you see is the price you pay, unlike cable. we're southwest, and we have one word for you... yes. ♪ yes to flying further for less. and yes to new international nonstops. that's just one more reason we're the official airline of the "yes" coast. and yes you can now fly to more of your favorite places from right here. that's transfarency. (sfx: clap, clap, ding) [crying] ahhhhhhhhhh! the price you see is the price you pay, unlike cable. >>> more developing news. a tragic story coming out of the santa cruz mountains. >> a worker cleaning up debris from a mudslide along highway 17 was killed by a dump truck as the driver had that vehicle in reverse. >> ktvu's south bay reporter jesse gary son highway 17 and joins us live with the latest on this accident.

for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. companies across the state are york sgrowing the economy,otion. with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov kennedy: what do you think about this? in an interview with bill o'reilly president trump admitted tearing count aca and installing a new plan could take at least a year. last month president trump declared the new law would be place as soon as tom price was approved at health and human services secretary. price reportedly champing at the bit like an angry stallion to break out the jackhammer. joining me to answer some of those questions. pete -- peter suterman. the president laid out a new timeline for repealing and replacing barack obama. what do you think of this timeline. >> rep

gm needs to make fewer vehicles, not more. where do they get the lithium for the volts and bolts? tesla has a massive giga factory sitting in nevada. i would encourage you to visit. the vertical integration here is what gm and ford were 100 years ago and why they worked 100 years ago. that's why the model s is the apple iphone to everybody else's competitive dynamic here on the luxury vehicle front. talk about competition and residual values. three years ago all the bears were saying they wouldn't hit their targets. we're trading well above the residual value valuation. >> have you looked at ebay for used teslas? >> i look at it every day. cars.com, ebay, tesla motors.com. i talk to penske and auto nation, the dealers and manufacturers. i know the competition. i know where you're going with this, you're wrong. my friend. i apologize. >> with all due respect, i'm happy to show you the numbers. back to s and x. you said they guided to 100,000. 20,000 in q 3. that's the run rate from last year at the end of the year. there is no growth in s and x. alternatives facts are for kristian,