saved general motors and this is the thanks that we get. we are looking at cutting all gm subsidies including for electric cars. general motors made a big china bet years ago when they built plants there in mexico. don't think that that is going to pay off. i'm here to protect america's workers." buyers of gm made electric cars get $7500 in tax credits, a subsidy that goes away after 200,000 are sold. if a provision general motors is lobbied to extend. as for moving production outside of the u.s. the automaker fired back saying gm is committed to maintaining a strong manufacturing presence in the u.s., adding many of the u.s. workers impacted by these actions will have the opportunity to shift to other gm plants. general motors announced plans to cut over 14,000 jobs in north america and that shut factories in three u.s. states including in ohio. job that president trump vowed to keep on that campaign trail. >> what we don't need is more rhetoric from the president who has made a whole lot of promises. but unfortunately failed to deliver fo

general motors had to take action. their sales was functioning, we were looking at the models here, the models that they selected in the plants have been slumping. they have excess capacity, their choice is either repeat the mistakes of the 80s and 90s and threaten themselves into bankruptcy again, or take action and i, even as someone that knows the pain that will happen in my home state of michigan over some of these, i would rather see them take action now then go bankrupt again. >> really the question here is, who is general motors accountable to? is general motors accountable to something that may look politically good or politically bad or are they accountable to shareholders? if general motors will do it's in the best interest of the shareholders it looks like this was the right move. and if they do is in the best interest of the shareholders, the company is more likely to prosper and be around which means jobs will not be lost. if they make decisions that are not honoring their fiduciary duty in the end, americ

general motors announces massive cuts in north america more than fourteen thousand jobs are set to be axed as the company seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and china needs europe at the hamburger summit here in germany china says it's increasingly open to european investors but they say they're having a harder time to do business there and it stinks all badly it's bad in many public places jury and it's also known as the king of fruits that the chinese are developing it takes. i'm christopher caldwell welcome to the program u.s. president trump is quote not happy with the announcement car giant general motors made earlier on monday g.m. said it plans to layoff more than fourteen thousand factory and white collar workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditional sedans no

consumers now speaking of an unfriendly sentiment general motors announced massive layoffs yesterday and now donald trump is threatening the company bring us up to date here. yet u.s. president is threatening to actually cut all subsidies including subsidies for electric vehicles to general motors and we did see an effect of the stock of g.m. traded down by a good two and a half percent so obviously the u.s. administration not happy it was the announced layoffs we will see how general motors responds but the threat of no more subsidies for the biggest u.s. car manufacturer that certainly also had an impact on wall street and hence do automotive sector players see these job cuts as science of worse things to come. it's certainly to early to tell but there is some uneasiness and we did not just see this talk of general motors under pressure but also of chrysler of ford. losing quite some valuation so yes that is the big debate here why is general motors doing those mess of layoffs might it be because g.m. sees a cooling of the u.s. car industry for next year so that's one of the big de

motors is also getting itself -- in the old days, this is not the old general motors, the old general motors would have raised incentives on cars and said oh, god, we can't close plants, we can't do this, what will the market say and so forth. nowadays gm looks at the hard reality, says we've got a demand problem on cars, what are we going to do about it we have to shut some facilities and move production to truck plants so i think what we are seeing is a fast acting and reality oriented gm management. >> bob, when you look at some locations where plants will be idled, i can't help but think it is a balancing act in terms of the new nafta deal, given some of the rules of origins in that deal and the fact it requires 40% of vehicle value made in high wage areas like the u.s. and canada how does that play out >> i don't think the -- that it has much to do with it at a time when everybody had hopes that passenger cars would sell again and so forth, i really don't think it has much to do with that because some of the plants in highest demand which will have work force added to them are in

saved general motors and this is the thanks we get. we are now looking at cutting all gm subsidies, including for electric cars. general motors made a big china bet years ago when they built plants there and in mexico. don't think that bet is going to

radical action on the part of general motors. but perhaps this is a company that is having to grasp the nettle. things are changing swiftly for the car industry. that is right. it is twofold. americans are changing the cars they buy as you said. 70% are biting bigger cars which isn't what gm makes. gm has said they are preparing for the future —— buying bigger. does it mean they think the us will slow down? the us economy has been motoring on for quite a few years now, the longest bull market since the global financial crisis. us consumers have been feeling good about the world. is it a signal that things are slowing down and it is the end of that? it is interesting because it is a big number ofjobs, 14,000 because it is a big number ofjobs, 111,000 jobs going across five factories in the united states. as we heard from president trump, he spoke with mary barra, the chief executive, that he was trying to say get back out there. make america great again, expand production and factories. but it is part these policies that have

general motors drives down jobs. the carmaker ‘s decision to slash its workforce by 40,000 draws criticism from donald trump. backing down on the illegal wildlife trade, free auction houses are banned from the sale of rhino worn artefacts. what other measures can be taken to protect the endangered species? —— rhino horn. good morning. it is tuesday, glad you could join us. we start off in general motors and the us carmaker plans to stop production at five factories in north america and cut more than 14,000 jobs. the us carmaker also announced it will also shut down three facilities outside north america by the end of next year. it north america by the end of next yea r. it follows north america by the end of next year. it follows rising costs and slower car sales, the decision has drawn criticism from politicians including donald trump. this country has done a lot for general motors, you better get back in there soon. we have a lot of pressure on them, senators and a lot of other people, lot of pressure. they s

general motors announces massive cuts in north america more than fourteen thousand jobs are set to be axed as the company seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meas europe at the hamburger summit here in germany trying to says it's increasingly open to european investors but they say they're having a harder time to do business there and it stinks so badly it's banned in many public places jury and it's also known as the king of fruits and the chinese are developing a taste. i'm christopher coble welcome to the program u.s. president trump is quote not happy with the announcement car giant general motors made earlier on monday g.m. said it plans to layoff more than fourteen thousand factory and white collar workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditional sedan

general motors for those contract negotiations but clearly there are changes that general motors is making in they not they may not be considering the fate of the workers in this in this proud of the earth yeah and g.m. says part of its strategy is reinvesting money away from cars and putting it into technology as a form of jim employee what do you think of that strategy so i think the most important thing the general motors is doing is the electrifying its vehicles i do not know what the technology direction they're going in but the electrification of vehicles is a very good move but i think that it ought to be another thing that will industries there will help a third driver thumb of the other crises that we're facing with the one that's been announced by the federal government regarding climate change and the climate catastrophe let's talk about the politics in this because president trump a surge to auto workers not to sell their homes and move out of detroit because car jobs are coming back but i mean this move by g.m. shows that jobs are actually being lost so what's your message to

general motors announces massive cuts in north america more than fourteen thousand jobs are set to be axed as the company seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meet europe at the hamburger summit here in germany china says it's increasingly open to european investors but they say they are having a hard time to do business there and it stinks so badly it's banned in many public places but the jury and its also known as the king of fruits and the chinese are developing it takes. i'm krista coble welcome to the program u.s. president trump is quote not happy with the announcement car giant general motors made earlier on monday g.m. said it plans to layoff more than fourteen thousand factory and white collar workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditional sedans

general motors announces massive cuts in north america more than fourteen thousand jobs are set to be axed as the company seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after a shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meet europe at the hamburg summit here in germany china says it's increasingly open to european investors but they say they are having a harder time to do business there and it stinks so badly it's bad in many public places but the jury and it's also known as the king of fruits that the chinese are developing it takes. i'm christopher caldwell welcome to the program u.s. president trump is quote not happy with the announcement car giant general motors made earlier on monday g.m. said it plans to layoff more than fourteen thousand factory and white collar workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditiona

big debate here why is general motors doing those mess of layoffs might it be because g.m. sees a cooling of the u.s. car industry for next year so that's one of the big debates here on wall street and scored in new york thank you so much. the chief economic advisor of european insurance giant ali and says crypto currencies are here to stay and according to news agency bloomberg nast act is moving ahead to list bitcoin futures as early as the first quarter of next year now these news may come somewhat as a surprise a script of currencies like that going have done little but tumbling lately some say they are facing an existential crisis with only the most hardened risk takers staring to touch them. this is why some on twitter have to pick to what's happening behind the scenes during the ongoing bitcoin crash although these images are not actually connected to bitcoin they nonetheless serve to illustrate how dramatic the new day is for some right now. across the board digital currencies are flailing big coin has lost seventy eight percent since the beginning of the year rippl

when general motors needed us, we were there. now general motors needs to be there for us. >> reporter: gm says the moves are needed to position itself for a future that includes electric and driverless vehicles as well as suvs. the company says it remains committed to a strong manufacturing business in the u.s. kenneth craig, cbs news, new york. >>> the taliban claimed responsibility for a roadside bombing in afghanistan yesterday that killed three american soldiers. it follows the death of an army ranger in a firefight last weekend. charlie d'agata has more on yesterday's attack. >> reporter: u.s. forces have waged fierce battles against the taliban for months, a fight that cost the lives of more american soldiers. a defense official told cbs news a powerful roadside bomb struck a u.s. military convoy. attack helicopters flew in to support the evacuation of the wounded. the bombing happened where u.s. forces have been working with afghan commandos against the taliban. last month we joined soldiers on the battlefield in nangarha

the big debate here why is general motors doing those mess of layoffs might it be because g.m. sees a cooling of the u.s. car industry for next year so that's one of the big debates here on wall street corner in new york thank you so much. the chief economic advisor of european insurance giant alliums says crypto currencies are here to stay and according to news agency bloomberg mastic is moving ahead to this bitcoin futures as early as the first quarter of next year now these news may come somewhat as a surprise a script of currencies like that going have done little but tumbling lately some say they are facing an existential crisis with only the most hardened risk takers staring to touch them. he says has some on twitter have to pick to what's happening behind the scenes during the ongoing bitcoin crash although these images are not actually connected to bitcoin they nonetheless serve to illustrate how dramatic the new day is for some right now. across the board digital currencies are flailing big coin has lost seventy eight percent since the beginning of the year ripple has

big debate here why is general motors doing those mess of layoffs might it be because g.m. sees a cooling of the u.s. car industry for next year so that's one of the big debates here on wall street and scored in new york thank you so much. the chief economic advisor of european insurance giant alliums says crypto currencies are here to stay and according to news agency bloomberg nast act is moving ahead to this bitcoin futures as early as the first quarter of next year now these news may come somewhat as a surprise a script of currencies like that going have done little but tumbling lately some say they are facing an existential crisis with only the most hardened risk takers staring to touch the. pieces has some on twitter have to pick to what's happening behind the scenes during the ongoing bitcoin crash although these images are not actually connected to bitcoin they nonetheless serve to illustrate how dramatic the new dates for some right now. across the board digital currencies are flailing big coin has lost seventy eight percent since the beginning of the year ripple h

shares in general motors soared when it announced the plan. donald trump's threats were enough to send the stock lower after his tweets. when it comes to brexit, the economic impact of leaving the eu has been one of the most fiercely contested issues. brexiteers argue that the uk will be more prosperous outside the eu, while remainers contend the opposite is true. and today the bank of england weighs in with its view, when it reveals the strength of the uk's biggest banks ahead of brexit. the last time the bank published its financial stability report was six months ago, and it gave the uk's financial instiutions a positive review, saying that apart from those related to brexit, domestic risks remain standard overall. the pound has fluctuated in that time against the us dollar as investors try to work out what brexit will mean for the future of the british economy. meanwhile, the last report in may warned of growing international risks for the uk economy, some of which have increased in the intervening period, such as high levels of chinese de

today general motors press release said trade costs are among the head winds general motors is facing, echoing a dire warning from the car company this summer, that if the president had read it, foreshadowed today's bad news. increased import tariffs could lead to a smaller gm p.m. a reduced prerns at home and abroad and risk less, not more american jobs. well, that was -- it looked like a foreshadowing of where we are, that is tonight, mass layoffs announced and a president who at the same time is bragging that he has a magic wand that has fixed american manufacturing. pamela brown is live outside the white house tonight. pamela, the president is in mississippi tonight. that's where he's bragging about his so-called magic wand. >> yeah, that's right, erin. the president responding to this announcement from gm that it will be slashing jobs and closing plants by first criticizing mary barra, and then touting just moments ago at this rally in mississippi, that the trade deals he's been making will lead to more companies coming to the u.s. the president didn't specify which companies he'

vÍa tweet dijo: estados unidos algo a general motors y estas son las gracias que recibimos. ahora estamos viendo si le cortamos todos los subsidios. el presidente estÁ furioso porque ni bien empezÓ su mandato, se reuniÓ con la ejecutiva de general motors, marie/y promotor que los trabajos regresarÁn al paÍs, promesa que para muchos ahora no estÁn cumpliendo. claudia uceda, univisiÓn. ilia: la ciudad de baltimore demando hoy a la filtraciÓn trump por sus prÁcticas migratorias afirmando que esas polÍticas estÁn impidiendo a los inmigrantes recibe la asistencia pÚblica la cual tienen derecho . la querella plantea que la definiciÓn de usarÉ pÚblico que el departamento de estado ha usado con el propÓsito de excluir a los migrantes. el consejo de la ciudad de los Ángeles, california aprobÓ la ordenanza que legalice las ventas ambulantesen las calles y en losarpara los vendedores. la dida beneficiarÍa a decenas de nuestra person nancy pelÓ si fue nominada o para la presidencia de la cÁmara de representantescon un apoyo abrumador de la bancada demÓcrata. alguno

charles: of course economic purists are cheering the news by general motors. again considering what the congressman said, 51 billion-dollar bailout, more recently billions of dollars in profits lower corporate taxes, many say general motors should be more grateful. it should not be disingenuous on this the whole thing doesn't help the image of capitalism in a country fed up with billionaire ceos buying back their own stock while firing hard-working americans. i brought back douglas holtz-eakin. i like your work and i read it every day. i know you're a economic purist. i don't know what i am at that to be frankly these days. i'm afraid the headlines will get american public to vote in people in power at some point to disrupt this whole thing. i think capitalism is on trial. often they fail. >> i think we have a couple lessons in this. first and foremost we should be concerned about the workers of ohio. this is a labor force that has skills. other companies may come in to take advantage of that. that is what you would hope would happen in a dynamic economy. this

general motors is breaking hobbs despite being on solid financial footing g.m. is cutting fifteen percent off its global workforce and closing up to five factories workers are outraged as is president trump. germany remains in digital no man's land and the new ultra high speed mobile service is not going to change that leaving ten percent of the country uncovered. general motors plans to layoff up to fourteen thousand factory and white collar workers in north america and possibly close five plants fifteen percent of germs entire workforce are affected by the plants the carmaker owning iconic brands like chevrolet and cadillac says it wants to focus more on autonomous and electric vehicles the move has drawn ire from washington. g.m. said waning demand for traditional sedans and rising costs prompted the massive cuts and the steel tariffs introduced by the u.s. this year haven't helped president donald trump was quick to say g.m.'s decision to cut its american workforce. well we don't like it i believe they'll be opening up shop they go to where i was very tough

general motors is breaking the hamas despite being on solid financial ground g.m. announces it's set to cut fifteen percent of its global workforce and close up to five factories workers are outraged and so was president donald trump also coming up a year off to big oil was promising the sky's the limit the cryptocurrency has led all the sector to plumb new depths of. face is your business update on how the home for him by led. glad you could join me. general motors plans to layoff over fourteen and a half thousand factory and white collar workers in north america and possibly close five plants now fifteen percent of gems entire workforce is affected by the plants they call make a owns iconic brands like chevrolet and cadillac but says it now wants to focus more on autonomous electric vehicles and the move has sparked anger from washington . g.m. said waning demand for traditional sedans and rising costs prompted the massive cuts and the steel tariffs introduced by the u.s. this year haven't helped either president donald trump was quick to slam g.m.'s decision to

motors, it's also to not lose money for general motors and if they were to keep those jobs and factories open they could lose money and conceivably need tarp money down the road again, right? >> building cars that don't get sold doesn't do anyone any good, workers or the company so i think that's certainly correct. however, a couple of the things that have been driving this is that, for example, the trump administration has significantly cut back on cafe regulations and we can debate that one way or the other but that's certainly disincentivized the building and the purchase of smaller cars as opposed to suvs and trucks. >> let me ask you this if gm spent money in such a way that it believes it puts its at a competitive advantage and it spent, spent, spent, kept these plants opened that manufactured cars that people don't necessarily want, built more evs, et cetera, and it was on the brink of bankruptcy again, would the government have to bail it out? if the company does everything the administration wants it to do and it goes bankrupt, is there an implicit backstop always to the company

plus, general motor put a prophet over livelihood. i'll share my thoughts with you insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement, we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty. ♪ talk with your doctor to create a plan that works for you. go to loweryourhbp.org if i would've followed a treatment plan, i would not be in this situation. ♪yea, you can be the greatest ♪you can be the best ♪you can be the king kong ♪bangin on your chest ♪you can beat the world you can beat the war♪ ♪you can talk to god while bangin on his door♪ ♪you can throw your hands up you can beat the clock♪ ♪you can move a mountain you can break rocks♪ ♪you can be a master don't wait for luck♪ ♪dedicate yourself and you can find yourself♪ ♪standin in the hall of fame ♪yea ♪and the world's gonna know your name, yea♪ ♪and you'll be on the walls of the ha

general motors, it's not just the least-popular transformers character. it's also one of america's biggist car manufacturers. but now, they're in the news for what cars they're not going to be making. >> thousands of general motors workers will have little reason to celebrate this holiday season. >> facing slumping sales, general motors will stort making six under-performing sedans by the end of next year, idling plants in ohio, michigan, marilyn, and ontario, canada. >> six-passenger cars reaching the end of the road: the cadillac xts, and ct6, the buick lacrosse and chevy's impala, cruze, and hybrid volt. >> general motors chose its words carefully not saying they were closing the lordstown plant but they were not allocating product to the plant after march. >> trevor: thank god. i thought they were shutting down the plant. i wish i could use that language when i break up with someone. i'm not ending the relationship. i'm just not allocating any love for you after march. ( laughter ) basically, i'm relocate might go peen tois other locations. ( laughter

. >> well in addition to china, the president also slamming general motors. trump say he is upset with the the company for closing several plants and cutting thousands of job if. trump had tough words for geo mary barra. >> i am not happy with what she it. you know the united states saved general motors for her to take that company out of ohio, is not good. >> well four factorieses in u.s. and one in canada are to be closed by end of next year but trump expects to open a newen play to ohio in not too disangt future by buying sughs and luxury cars that was her reasoning behind that move. >> gm might have to rethink their vehicle strategy too. this as well supreme court may allow a lawsuit to go forward that claims apple has unfairly monopolized market for its apps. >> edward lawrence is in washington he's got details. >> well good morning lauren and cheryl this could be a big case for share holders of a l the supreme court could decide that the iowa phone apps stores and customers could sue for damages based on paying more for apps because of monopoly but the

saved general motors and this is the thanks we get. we're looking at cutting all gm subsidies including electric cars." he goes onto to say that he is here to protect america's workers. micheline maynard has written multipleks boo on the auto industry. i spoke to her earlier. eare th threats going to make tany differen what gm is doing? micheline: general motors is a publicly held company and it has to operate in e best interest all of its shareholders, its constituents, the communities where it does business. we have never had an american president dictate how a public company does business. i really don't think it will make that much differee this time. jane: what is causing these factory closures? micheline: general motors, like other carmakers, has decided to focuon big vehicles -- suvs and pickup trucks. these factories make cars. cars are not selng in as large si numbers as they used to come and gm made the de that they have to close the assembly plants and others that support them. jane: is this an inevitable thing, or is there

plus, general motor put a prophet over livelihood. i'll share my thoughts with you we continue we're about to move. karate helps... relieve some of the house-buying... stress. at least you don't have to worry about homeowners insurance. call geico. geico... helps with... homeowners insurance? been doing it for years. i'm calling geico right now. good idea! get to know geico. and see how easy homeowners and renters insurance can be. but in my mind i'm still 35. that's why i take osteo bi-flex to keep me moving the way i was made to. it nourishes and strengthens my joints for the long-term. osteo bi-flex because i'm made to move. ♪ the greatest wish of all... is one that brings us together. the lincoln wish list event is here. sign and drive off in a new lincoln with $0 down, $0 due at signing, and a complimentary first month's payment. only at your lincoln dealer. and a complimentary first month's payment. ...that's why i've got the power of 1-2-3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the p

plus, general motor put a prophet over livelihood. i know you want to leave me for schwab, but before you do that, you should meet our newest team member, tecky. i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning wealth management with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca... are you getting low costs and award-winning wealth management? if not, talk to schwab. and award-winning wealth management? if his denture can cope with... a steak. luckily for him, he uses super poligrip. it helps give him 65% more chewing power. leaving brad to dig in and enjoy. super poligrip. >> 's after a six-month 300 million-mile journey, nasa landed at smarts inside lander on the surface of mars. the probe will dig into the planets to measure heat and seismic activity within the planet. trying to determine why mars is so different from earth, and whether there are simila

motors to back ---er with spade general motors -- persuade general motors to back down on its plans. your insurance rates skyrocket after a scratch so small you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ the zip code you're born into can determine your future. your school. your job. your dreams. your problems. (indistinct shouting) but at the y, we create opportunities for everyone, no matter who you are or where you're from. for a better us, donate to your local y today. hi, kids! i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question. see, for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. man: (scoffing) what are

tonight on "fast," general motors surging as it announces a major restructuring plan the stock is up 15% in the last month as the rest of the market struggles, does it have more room to run? plus a record-breaking run for retail is the retail rally back on? and it was a major rally on wall street stocks snapping back with the dow surging 300 points consumer discretionary and financials leading the way the s&p 500 emerging from correction territory while the nasdaq jumped 2% we start with apple falling in afterhours as president trump pounds the table on more chinese transfers. let's go to eamon javers. >> the president gave an interview to the "wall street journal" that was published this afternoon and in that interview he talked about the possibility of adding additional tariffs on chinese products coming into the united states if he doesn't get a deal with the chinese which is what he's said in the past but he talked about imported iphones and laptops from china and this is the quote he gave saying it depends on whether he's going to put additional tariffs on, it depends on what th

saved general motors, and this is the thanks we get. we are now looking at cutting all gm subsidies including for electric cars, but that might be a hollow threat. the president needs congress to pass new legislation to end those tax credits, and gm is preparing to phase out of the electric vehicle credits already. some workers are frustrated with all the finger-pointing, the white house and gm. >> we voted for president trump, and it now feels like, you know, those promises were made, and those promises were broken. >> the writing has been on the wall and his -- he was told not to impose tariffs. he was told not to rip apart trade deals. it's cost general motors a lot of money, and they always take it out on the backs of the workers and the consumers. >> reporter: and president trump is also blaming some of his frustrations with the economy on the chairman of the federal reserve, the person he appointed to that position, telling "the washington post," quote, i'm doing deals, and i'm not being accommodated by the fed. kendis, janai. >>

of this news. >> yeah, i don't think hurting general motors is part of the path ford wr. i'm going to work with the president. i had a five-minute conversation the other day with the vice president. i have been playing phone tag with the incoming republican governor in ohio, mike dewine. we're all going to work together to make this happen, but look, we need general motors to be a successful company. we have thousands and thousands of people getting general motors pensions in our community. so to hurt them, to potentially hurt their company, is foolish because now we're going to lose 1600 jobs and then we're going to damage and maybe bankrupt the pension. we don't want to do that. we want to work with general motors, as upset as we all are. >> let's play this out, because as you know, the president of ye general motors said a matter of months ago, talked about the future in many respects being in driverless cars and also in driving services. right? that they can make multiples by selling rides versus selling cars. so if that's the future, and you have, you know, thousands

saved general motors and this is the thanks we get. we are now looking at cutting all gm subsidies, including for electric cars. general motors made a big china bet years ago when they built plants there and in mexico. don't think that bet is going to pay off. i am here to protect american workers. joining me to take a closer look at the fallout from gm's announcement is the staff writer from "the new yorker" who focuses on economic issues. good to see you, sheila. you have written a piece that was interesting, not directly about this, but about who bears responsibility. you saw hamtramck, a place where under protest, this plant was brought in. it did create prosperity. it did create a dependency on general motors and now it's gone. and it's not the 1,500 workers there. it's pizza parlors, it's schools, it's all sorts of parts of this community, it's people who want to move and can't sell their homes because everybody else is trying to. whose responsibility is it? who's supposed to help the worker? >> well, it's a complicated answer. i

saved general motors and this is the thanks we get. we're looking at cutting all gm subsidies including for electric cars. general motors made a big china bet years ago when they built plants there and in mexico. don't think that bet is going to pay off. i'm here to protect america's workers. shares of general motors just slightly lower right now, down more than a dollar. but the market is turning positive. in fact, gaining momentum during the white house press briefing at the top of the hour. here to discuss, monday morning.com, chief technical strategist, dr barton. what i like about the session so far, we had three attempts to turn around. a nice rally into the close yesterday. none of this stuff happened last week. pretty obvious the first couple days and this week, buyers are emerging if not nibbling. what do you make of that? >> you're right, the exact opposite what we saw thanksgiving week, right? every buying rally was met with a wave of sellers. the fact we overcame china troubles, gm troubles, china tariff troubles, gm troubl

saved general motors an this is the thanks we get. we're looking at cutting all gm subsidies including electric cars." he goes onto to say that he is here to protect america's workers. micheline maynard has written multiple binks on the auto stry. i spoke to her earlier. are thes threats going to make any differenceo what gm is doing? micheline: general motors is a publicly held company and it has to operate in the best interest of all of its shareholders, its constituts, the communities where it does business. we have never had an american president dicte how a public company does business. i really don't think it will make that much difference this time. jane: what is causing these factory closures? micheline: general motors, like her carmakers, has decided to focus on big vehicles -- suvs and pickup trucks. these factories make cars. cars are not selling in as large of numbers as they used to come and gm made the de hsion that the to close the assembly plants and others that support them. jane: is this an inevitable thing, or is th

general motors blames $1 billion lost in revenue because of the trade war. so how will that affect president trump in ohio, which of course is such a crucial state in the presidential elections? well, ohio is not only a crucial state, it is a must win state. no republican has ever won the presidency without winning the state of ohio. so i think this is very damaging, especially if indeed gm does go ahead and shutdown that plant in 2019 like they are promised. ohio is crucial, michigan is crucial, michigan is also going to be losing one plant from gm, wisconsin, you know, other industrial midwest states that are crucial to donald trump's real action cannot afford to have these large plants going out of business and tens of thousands of workers losing theirjobs. if i were donald trump and white house staff, i would give them some free advice — you'd better be on the phone 24/7 with the head of gm and other american auto pla nts to head of gm and other american auto plants to make sure that they don't go ahead with the threats and close that plant. ok, we wil

carmakers general motors has reported better than expected third quarter results earnings stood at two point five billion dollars up from a loss of three billion dollars a year ago g.m. sold fewer cars in north america than in the previous year but benefited from sales of higher priced s.u.v.s and trucks in china and north america companies also increasing its cost cutting efforts by offering buyouts to eight hundred thousand white collar. let's bring in our wall street correspondent yes quarter here yes g.m. is ramping up its cost cutting efforts it's reporting high profits wall street is very excited i assume. yeah the stock of g.m. popped up by a good nine percent just here in the wednesday's session and the us car industry in general actually did face some major headwinds with tariffs on steel and other minium costs increase for comic or silver all that was also true for general motors and then we are in an environment of rising interest rates meaning if. consumers want to finance their new vehicles that becomes more expensive but still general motors was able to actually achieve t

on the board of general motors you're your primary focus should be on on the business of general motors and if you have. plants that aren't are not productive and money losing and you reach you decide that they have to be closed that's probably what you should do but you do understand that particularly with this president that you know he's going to challenge you because he thinks it's negative for what he's trying to accomplish you know on the broader scale spectrum of you know middle american jobs. and you saw that yesterday i mean you know the g.m. announced the closures and fifteen minutes later there were tweets all over threatening general motors with you know. having certain subsidies for electric cars being rescinded and then what you know even broader. challenges to what's been provided you know on the other side it's hard to argue with the president when he said g.m. was basically insolvent in the crisis in the united states bailed them out. they did yes they did the federal reserve is expected to raise interest rates next month do you agree did they should the president disso

general motors is shutting down. across north america fourteen thousand jobs have been lost as president donald trump says he's not happy. about the saudi crown prince on his first tour overseas since the jamal khashoggi case mohamed bin sound man has visited the nation's egypt on the u.a.e. is next stop is to musea where activists are trying to mount a legal challenge to stop the visit. reports in the capital tunis. first stop him have been some man's regional tour was to his closest ally mohammed bin zayed crown prince of the united arab emirates his saudi counterpart eager to show that it's business as usual for him and that he hasn't been affected by the fallout from the murder of jamal khashoggi bin sandman is also visiting behind in egypt as part of his trip both countries have close ties with riyadh so close they are seen by many to be excessively controlled by the saudis no surprise then that he was welcomed with open arms but in tunisia the birthplace of the so-called arab spring a different type of welcome

general motors blames $1 billion lost in revenue because of the trade war. so how will that affect president trump in ohio, which of course is such a crucial state in the presidential elections? well, ohio is not only a crucial state, it's a must—win state. no republican has ever won the presidency without winning the state of ohio. so i think this is very damaging, especially if indeed gm does go ahead and shutdown that plant in 2019 like they have promised. ohio is crucial, michigan is crucial, michigan is also going to be losing one plant from gm, wisconsin, you know, other industrial midwest states that are crucial to donald trump's re—election cannot afford to have these large plants going out of business and tens of thousands of workers losing theirjobs. stay with us on bbc news, still to come: he directed iconic films like the ‘last emperor', we look back on the life of bernardo bertolucci. president kennedy was shot down and died almost immediately. the murder ofjohn kennedy is a disaster for the whole free world. he caught the imagination of t

i said, you know, this country has done a lot for general motors you. better get back in there soon. >> reporter: facing slumping sales, general motors will stop making six underperforming said dance by the end of next year, idling plants in michigan, maryland, and ontario, canada, costing nearly 6,000 factory employees and 8,000 salaried workers their jobs. more than 300 could be laid off from this gm plant in white marsh, maryland. josiah fowler got his job through his grandfather, who worked at the plant for 50 years. >> the bad thing is to get this news on the day after we come back from thanksgiving. so being with our family and our friends, and then come back to work or wake up in the morning and hear this news. it's not easy for everybody. >> the cuts are the largest since gm was build a out by taxpayers during 2008 financial crisis. they come as steel tariffs administration have cost the automaker a billion dollars. the marketplace is also changing. >> more and more people are buying these taller crossover suvs. so general motors needs to make s

general motors blames $1 billion lost in revenue because of the trade war. so how will that affect president trump in ohio, which of course is such a crucial state in the presidential elections? well, ohio is not only a crucial state, it is a must—win state. no republican has ever won the presidency without winning the state of ohio. so i think this is very damaging, especially if indeed gm does go ahead and shutdown that plant in 2019 like they have promised. the italian film director, bernardo bertolucci, widely regarded as one of the giants of world cinema has died after a long illness. he was 77. his career spanned more than half a century and his films included the iconic last tango in paris and the last emperor. lizo mzimba looks back on his life and achievements. look! this was perhaps bernardo bertolucci's masterpiece. the last emperor, the true story of pu yi, only a small child when he became china's last imperial ruler. it swept the oscars, winning nine academy awards, including best film and best firector for bertolucci himself. the historical

pero sabía que el descenso del precio del crudo influyó en esto en general motors. además esta mañana subieron las acciones de general motors. >>> el inversionista considera que una decisión adecuada. >>> lamentable por los empleados que perdieron sus trabajos. >>> vamos a una pausa ya regresamos ---como si fuera una accin... un helicptero se estrellan en una zona residencial y qued captado en cmara. ---ademas....tragedia familiar! >>> esta tarde a las cinco, esto quedó captado en cámaras y una tragedia familiar, autoridades todo mar una decisión en cuanto al caso de los hermanos atropellados mientras cruzaban la calle. una familia hispana exige justicialuego del asesinato de un hombre que era pacífico y no tenía enemigos. >>> revisamos la respuesta de la pregunta de día (información en pantalla). si pasa aquí en el área de la bahía que nos informen para ver dónde está ocurriendo. >>> chat gracias nos vemos maÑana . . . . >>> hoy martes 27 de noviembre en noticias telemundo mediodÍa. sola espera se hace difÍcil para la caravana, migrantes han decid

many of them, going after general motors. ripping plan to shut production at several plants in north america. i have a question here. what will the judge say about that? he is a libertarian kind of guy. does he approve the president jawboning private enterprise. i suspect not. on the show to tell us himself. >>> this got our attention. how american fracking changes the world. about american energy dominance. very important stuff. we're on it. i am not for colds. i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. let's talk about thisd when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. ♪ stuart: oh, okay. love my do is the first single that came out. this is the first beatles song i heard. they were playing it in gymnasium at my high sc

liz: look what president trump just is now doing with general motors. that's a bernie sanders playbook sheet, attacking a business for laying off people and spending their money in a different way, paying ceos too much, all of these accusations, that is very, very democratic. >> it was striking watching a free market evangelist like larry kudlow, who's a good friend of mine, discussing that. i just never thought larry kudlow would be up there telling businesses what to do. now, this is a different type of administration. he works for a president who is more populist than past presidents. he's not like, you know, adam smith invisible hand rules the day. this is a president that really fights in many ways for what he believes. i'm not saying i agree with all those fights. but part of that you can see turn up in his trade stuff. what we have right now is doj continuing to monitor comcast, looking at just not complaints from aca, other complaints. no decision made on whether to launch an investigation. big day, december 7th, when the at & t/time warner oral

david: i want to turn to general motors. there was a big development yesterday in the corporate world and the political world. this is something president trump has talked about a lot, returning jobs to auto workers. let me play a little of what he said. trump had i saw -- president trump: i saw the shuttered factories and laid off factory workers. i promised them action and a solution. all over america, you are seeing that solution take place. take a look at what is going on in michigan with ford and general motors. ofid: that was back in march 2017 after he had been in office for three months. if you look at michigan and ohio now, it does not look so good. >> i might take issue with that. you saw president trump chastise the ceo of general motors openly yesterday. that is something previous republican presidents would not have done. the republican party before this populist realignment, we talk about that in the book a great deal. before that, the republican laissez-faire, chamber of commerce party. president trump's voter

>> well, for general motors the issue is they weren't selling cars here in the states. you look at the factories they are closing in ohio, lordstown factory a few years ago was running on three shifts pumping out chevy cruze, the car that would compete against the toyota corolla. sales have plummeted on that vehicle down to one shift which really isn't sustainable. for them it was a business decision that they are getting out of small cars in the u.s. susan: yeah, because the economy is slowing down, people are not buying small cars anymore, cody. >> well, they are, but they weren't buying general motors small cars. that's something that's happened over the last two decades. they really haven't been competitive in the sedan segment in a long time. that's a segment that's been dominated by honda, toyota. frankly, they are committed to that segment moving forward, but there's no question that we have seen the sales market turned on its head a little bit with 70% light truck sales and suvs and 30% small cars. so it's a very tough segment to compete in. susan: it is. i woul

saved general motors and this is the thanks we get. we are now looking at cutting all at gm subsidies including for electric cars. i am here to protect america's workers. cristina alesci, when you hear $ preside -- the president is going to cut all subsidies, what does that mean for people in the town where you are? >> reporter: cutting subsidies distracts from the fact that the president made a promise to keep the jobs here and he's failed to deliver on that promise so far. you know what else this tweet does is it distracts from the actual story, which is the pain this town is now feeling, the shock and frustration it is feeling after it learns it might learn 1,500 jobs from the factory behind me. people are worried about local businesses here, they're worried about schools. i spoke to one mother who was worried about the fact that her daughter's class might shrink and that might impact federal funding. all of these are issues that the community here is dealing with, and that's really the story, brooke. not to mention the fact that pe