everything was gm. gm's hourly workhorses, in the '70s, i think i'd that in the book, in the 1980, flint at the highest salary for young workers of any city in the country. >> 1980? >> 1980, yeah. i think they had like 80,000 gm workers another have like x thousand. they only have come companywide you have 10% of what they did so it's pretty consistent with the decline of the hourly worker at gm. i am from lansing and we had gm plants and also had the state capital in michigan state university. we had a diverse economy which flint didn't andy think that's the real reason gm suffered. i think it is about, when you say one reason the country was so prosperous and a '50s and 60s is the rest of the world was still suffering the aftereffects of world war ii, and we had no competition. i don't think that's the reason to go back to some of the conditions we are seeing the workers like at amazon warehouse is complaining about. no job security, working people to exhaustion. as a uaw people would say the sitdown

investigation they're going into a market against tesla and ford and gm. lordstown had their first electric truck production going in september and rivian we'll hear more from throughout the year as you look at shares of lordstown going back to october 26th, that's the day it started publicly trading after the s&p spac ipo was completed it finished today at $13.01 a new low for lordstown. their first vehicle, endurance electric pick up truck will begin testing in the next couple weeks and plan to begin production by september. it's a tight time frame. morgan stanley today cutting the price target from $18 to $12 saying they will spend a lot more on capital expenditures. >> phil, thanks, hit it on the head with the graphic showing offthe competitors lordstown has. for all those people looking for the next tesla, the big difference when tesla was pre-revenue in beta, gearing up production, it didn't have this field of competitors it's a very different environment for the ev market. >> it's interesting, almost as if tesla went higher as the audience around th

he's a big gm guy. you have gm and ford jim, what do you think about his holding here >> well i like it a lot. one thing that we're talking about is this value or is this just people piling on the band wagon. i think it can be both i don't think this is something where gm gets looked at in same regard as tesla. they are very strong fundamental reasons to believe in gm both from the internal combustion engine point of view and electric vehicle point of view this is a winner on both front >> have you been a shareholder in gm and ford for a while now >> i have. i know like everyone talks about how gm and ford is going, you know, all electric in the near future but i've been a big believer in both those companies anyway plus i like all american stocks >> jim cramer was twisting and he said, i guess wanted to ask you if his eagles were a stock which would they be? i may be thinking because i'm a washington guy that they would be teledock. a lot of type and how 40% off the high i don't know you answer don't g

we bought gm i thought we own gm and exalta and mcor and maybe it's adding to gm or what's the story here i traded around gm and i went to the dotcom recall and i sold that for a bunch of different reasons, and not important to get into, but the future wasn't as bright as i thought there in terms of gm look, i want the cyclical exposure and i agree with dave's calls and as a matter of fact, we made it on friday during the show >> if you had as many zeros next to your name as tepper does, we'd pay more attention to you. >> hey i'm willing to trade my looks for his if he trades his wallet for mine so let's leave it that way >> i don't think he'll take that deal >> look -- i'll throw in my handicap >> let's go, exalta. >> although he tends to win. >> exalta. it's a coatings company and gives me lots of exposure to the consumer and it's cars, it's commercial transportation. i also bought some emcor again, emcor is like, these companies are sort of like parts of honeywell except a lot cheaper at 15 times earnings and so they did well in the pandemic trough and now they'll really explode.

and gm under wilson's leadership. as you probably know retooled his entire auto assembly line into weapons production. and if it hadn't been for all the weapons that gm produced during during the war the allies might well have not won have not been victorious. so he was an important guy who had been on the cover of time and newsweek by then. and so people had a fairly good idea of who wilson was now he was a very different kind of guy different kind of executive than george humphrey. he'd been trained as an engineer. and he kind of had an engineer's way of. of approaching problems. he was a data collector. a hard time making decisions until he knew all their list to know about the subject. he enjoyed immersing himself in details. and this tendencies were later proved to be a real liability in his next job. now, why was he selected mainly because eisenhower wanted the pentagon to be managed well and the thought was that wilson. managing the world's largest company would probably be a good choice and with this experienc

and i never told you to do that i told you to buy and hold gm, steve. >> you're a good sport, jimmy, thank you. >> coming up, the ten-year yield is up 1.5% and we have more on the tufures outlook. we have a trade coming at you next we've all felt this gap. the distance between what is, and what could be. while he's tapping into his passion, the u.s. bank mobile app can help you tap your way to your savings goals. without missing a beat. so, you can feed his passion. ear plugs not included. ♪♪ u.s. bank. we'll get there together. this is how you become the best! [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. so you're a small business, don't get mad. or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connec

i own gm, i own porsche. i think those continue to go so some of them have just moved too much i was looking at commodity prices, freeport mac more an, not far off on an all-time high or at least a multi-year high. copper is up about 13%, stock is up about 30% year-to-date. that's too aggressive a move in my view when copper prices have come back a little bit so, yeah, you got to be taking some profits on the cyclical stocks also, what we're seeing now is that the high flyers in the technology world -- and i have made some mistakes in the portfolio, not taking profits on some of the real high flyers none of those, of course, but i'm talking about some of the others that are more reasonably priced, they're not going to come back any time soon. so i still think you can take profits there. >> you know, i am looking at general motors, and i want to focus on that for a moment because it has been recommend on this show more times than i can remember i'm trying to look up its historical pe ratio right now. maybe the

they know gm knows their chance, there may be some exceptions but are they investing gm if 90, 95% of gm's products are ice, no they want to skate to where the top is going it's a bet on the ceo and management team and the board breathing in that urgency and doing something about it any day we'll be on your program and judge not by one quarter, or the sa rp that doesn't get gm to 100, 150, it's major strategic change and that's what we're betting on if it doesn't happen it ain't going to work in our opinion >> adam jonas, good to talk to you. >> take care, be well. god bless. >> you, too. >>> we are getting some breaking news right now, more on treasury secretary janet yellen steve liesman with the details steve? >> thank you janet yellen in her initial role as the chair of the financial stability oversight council have an aggressive agenda, more needs to be done to address the vulnerables and as the vulnerabilities became clear with the crisis the pandemic and how markets react she's reestablishing the hedge fund working group allowed to lapse under treasury secretary ma miu chin, wa

bigger than ford and gm and bigger than ford and gm together and toyota the brains like cathie wood or ron baron, frequent "squawk box" contributor made a big show how they were being rigorous and baron and wood dreamers. i try to avoid talking to hedge fund managers but every time i said something positive about musk, i get a ton of blow back from them. i clearly too was a clown and couldn't read a balance sheet. what can i say once it became clear tesla could make money on cars which was last year this week and musk could raise the capital he needed, the deal was sealed and the stock was off to the races of course, we forget during that period the goalposts were shifted and pushed closer together, though, because tesla went from being a car company to a technology company hard to justify this valuation but if it's a tech stock that's a $674 billion market cap, that feels more reasonable. h hard to swallow. tech companies started being reclassified and crush hit without any profits. if door dash is a group of delivery people, it's worth very little but a tech company, 43 billion. if a

still no comparison between tesla and gm in terms of performance. one last thing to keep in mind, tyler. look at how many electric vehicles will be sold by 2030. it'll be more than one out of every three vehicles sold in the world. that is not the correct chart. the bottom line is this, guys. you will see massive growth in evs between now and 2030 guys, back to you. >> mr. lebeau, thank you very much we appreciate that let's look at the markets right now. look at the 500-point gain for the dow, vaulting it into all time high territories. nasdaq basically flat today but look at the russell up 2%. >> absolutely. i think we ought to continue to keep our eye on the small caps often seen as the proxy for the reopening. today up it has been a bit of a rocky ride for the last few weeks. >> what worked last year not working so much this year. what didn't is thanks for watching "power lunch" everybody "closing bell" starts right now. >> thank you, tyler and frank. welcome everyone to "closing bell." i'm sara eyesen with wilfred frost. another day of divergen

so gm, you have cyclicality and you have valuation and you have ev there you go gm. >> bono? >> i caution against fighting the trade momentum names and tesla holding up true on the way up and down. wait. >> karen >> apple, i don't think the bottom >>> good evening i'm scott wapner, jim cramer is off so we're trying to something different. all week long we'll bring fierce debates on the most provocative questions of the day, some of the most controversial characters finding the sharp pointy corners of the business world. this is "on the edge." ♪ ♪ >>> it is good to have you with us on this monday night. our top takes tonight, should

gm right now, i don't really want to buy more gm, but something like northrop or defense stocks that have gone nowhere in three years, i want to go there. i'm not guying gm, you have to be specific. >> paypal specifically because i think you own it, josh, do you agree with jim or is that one of the names you buy today because it got caught up to speak proper english. it's gotten caught up with some of these other stocks? >> yeah. yeah i just -- look, i look at things through a longer-term lens than february 16th through now. the stock spent all of 15 minutes of 300 just go look at a daily chart. as not as though this was a stock being valued at 300 for months and months and the bottom fell out it was trading at the price it is today it had a momentary spike because of how amazing their earnings report was and just as quickly as it got there, it gave it all back up. over five years of stock is annualizing at 45% a year. it's one of the biggest winners anyone on the panel has seen the question is from today's price, can i expect high returns and is this the type of stock that will work

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ok, still had,rivian races to get ahead of trucks from rivals like gm or tesla. we will have the details next. plus, roadblock pricing at $45 a share of its you. catch my conversation 10:30 a.m. bad -- 10:30 a.m. in new york. this is bloomberg. ♪ emily: rivian, the electric truck start up backed by amazon, is running the automotive equivalent of a three ring circus. attempting to launch a trio of new vehicles in a factory that made its last car six years ago. ed ludlow is with us now, ed, what can you tell us? ed: according to sources, reviewed hopes to build 40,000 units in its first 12 months. what they have done is build out that old mitsubishi factory, was astonishing, it is not just one car they want to launch in 2021. it is three. a truck in june, suv in august and amazon delivery van in november. they are, on paper, going to deliver this factory electric pickup before tesla and gm. when you think that to tesla and wouldn't launch the model three in 2017, and only delivered around 1500 units by the end of that year. and the rest is history. elon musk has

so what she said about the companies that benefit most, look, gm, a name you know long, case in point, that stock did nothing for five-years, nothing. talk about reinvesting in their business talk about reinvesting in part of the infrastructure bill parts of this country like ev and efficiency and weather creating jobs. i think this is about multiple expansion. in terms of industrials and commodities i want to buy them when they're expense up so we're seeing them rerate, that's the time to own them as an investor. >> treasury secretary janet yellen speaking about vulnerabilities in the hedge fund world more on that. >> yeah the blowup of arkagos, fast -- got the attention of the financial stability oversight council. bringing together all regulators including yellen and fed chair jerome powell just releasing th statement saying this was discussed, no details provides but yellen signaling more aggressive stance on regulation saying need to do more with vulnerabilities she's reestablishing the reg fund working group and will look at how hedge funds will amplify stresses on the system an

they are, on paper, going to deliver this factory electric pickup before tesla and gm. if you think back to tesla and when it launched the model three in 2017, and only delivered around 1500 units by the end of that year. and the rest is history. elon musk has talked repeatedly about the production hell he went through in 2018. that is the story. the ambitious plan, and the sense they are not just going to the launch, they are going beyond that and hoping to get a lot of models out there in the real world in a short space of time. emily: tell us why rivian is such an anticipated name in electric cars? bill gates points out that there is an electric car for every carmaker that goes with every letter in the alphabet. ed: it is all around this spac driven frenzy with ev companies coming to public markets. not many have a real product yet. on paper, they will be the next to bring the car to american roads, where you can get behind the wheel. they have raised a ton of money, more than $8 billion for some big-name investors, including amazon and ford. what was interesting is

when you look at some of the traditional players like a gm and a ford, especially some european players, this is going to be what i believe is a renaissance, a growth for these automakers you'll see a rerating. i think this is important. the auto sector from an ev perspective, you'll see a rerating on names like gm, ford and others as they have success in ev. i think this is one ofthe most transformational growth trends in the last 20, 0 years in terms of ev, and many are going to play and win over the coming years. >> daniel, you mentioned -- i just want to wrap up the conversation on tesla and bitcoin because i think it's important when we think about with whether or not other companies in the u.s. will follow suit. you mentioned how tesla is on tra trajectory to make more from bitcoin profits than selling evs in all of 2020 but according to u.s. accounting rules they can't actually realize those gains. they can only realize the losses until they actually sell bitcoin. is that an impediment to more companies adopting this corporate strategy >> when i look at treasury perspective, i be

and gm and volkswagen are hoping to catch up and pass tesla in total electric car same, gm hopes to sell only electric vehicles by 2035. >>> and the first city to ban the acceleration of gas stations. moving away from the dependency of fossil fuels and embrace electric vehicles, california plans to ban the sale of fuel-based cars. >>> and the song of country music legend dolly parton gets a dose of her own medicine. ♪ vaccine vaccine vaccine vaccine ♪ i'm begging of you please don't hesitate ♪ ♪ vaccine vaccine vaccine vaccine ♪ ♪ 'cause once you're dead that's a bit too late ♪ >> she's, of course, dolly changing the lyrics to "jolene." she had fun with the song but said she's deadly serious about getting vaccinated. >> i wanted to encourage everybody, sooner we get to feeling better, the sooner we're going to be back to being normal. i just want to say to all of you cowards out there don't be such a chicken squat get out there and get a shot. >> don't be such a chicken squat. she did get her shot on tuesday. last year she made a $1 million donation to vaccine research. she

located in a resuscitated gm factory in lordstown, ohio when the ceo came on the show i was pumped what could be better than a mothballed gm plant being retooled into a factory for pickups and vans, new jobs, clean energy but you never want to let your enthusiasm obscure the facts which is why we brought burns on the show to find out how this great concept might also be a great investment i couldn't ask him how much money lordstown would make, because it's a long, long way from profitability i asked him about orders thought that was a good, tangible sign of early success, right? here's what he told me in response >> our average order size is about 500 trucks at a time and, you know, most of them by the ceos of these large firms. >> seems solid, right? orders for hundreds at a time, ceo check-offs in metro suspect, though, maybe it was all too good to be tree rigorous short selling firm, i know they put out a brutal report on lordstown. they question how the company is really doing alleging these orders might be borderline fraudulent. harsh words. it was incredibly negative this morning

>> gm is suspending production of the mid-size pickup that it builds down in missouri. and we've seen this with a number of plants with general motors for several weeks now at the end of the day, for all auto makers, they're dealing with this shortage that doesn't mean that you're going to show up at a dealership and there are no pickups or suvs it does mean if you are in the market for a new car or truck, you may need a little patience before you find exactly what you're looking for >> and i understand consumer reports is saying tesla's in-car cameras might have privacy issues? >> right the concern is that these in-car cap cameras, they're by default turned off but the driver can enable them, and tesla has said when drivers have enabled them and there have been accidents, they're reviewing the footage to see what was happening right before the accident consumer reports is saying this could be a privacy issue, these cameras should be used to alert drivers, not for tesla to quote-unquote spy on drivers there's no indication that tesla has done that or is doing that we di

. >> you've got gm >> i've got another quick one. yeah this is the one like you said that jim's going love. general motors they're buying the april 60 calls, jim with the stock at 54 bucks. that's an explosive upside move and they bought 18,000 of them which is a really big trade and 1.8 million share equivalent and now i just checked it moments ago. 37,000 of those have traded so they've doubled up on that huge volume already i'll be in those probably for four weeks and that bodes well for general motors and what mary barra is doing over there. >> good stuff, thank you >> josh owns it, too jimmy, you first you're as identified as any shareholder i can think of >> that's right. >> thank you for that. >> what i find interesting there is the april expiration because i don't think they'll be in time for the earnings you know what you need to see from gm is the next earnings report have a blowout and then estimate goes up because you haven't seen estimates going up in the last few months and that's what's missing from the stock. i think

. >>> that global computer chip shortage means some gm truck owners, you're going to pay more at the pump. gm will produce some 2021 pickups without a fuel management module giving drivers one less mile per gallon. the chip shortage has caused problems for auto makers who cut back on orders when the pandemic hit. >>> tesla has fared better than most over the past year. tucked in an sec filing monday two lines, ceo elon musk disclosed he now has a second title, tech know king of tesla and it's cfo is the master of coin, both will also, laura, keep their standard titles, laura, queen of the flash cam. >> okay. >>> yukon earns the top seed in the women's ncaa tournament but they will have to play without their head coach. coy wire has this morning's "bleacher report." >> hi, laura. gina isolating away from his number one seed huskies, he has tested positive for covid-19. uconn says the 66-year-old hall of fame coach received a second vaccine shot last wednesday, is currently not experiencing any symptoms. he will miss the first and second rounds of this tournament in san antonio. he has

how is this hitting gm will we see shortages at dealerships? >> well, gm is adjusting its production, suspending production of the mid sized pickup that it builds in missouri we've seen this for several weeks now for general motors at the end of the day, all automakers are dealing with this shortage it doesn't mean you'll show up and no pickups or no suvs. it means if you're in the market for a new car or truck this summer you may have to have more patience before you find exactly what you're looking for. >> phil, i understand "consumer reports" is saying tesla's in-car cameras might have some privacy issues >> the concern is these in-car cameras looking at the driver, by default turned off but the driver can enable them and tesla has said that when drivers have enabled them and there have been accidents, they're reviewing the footage to see what was happening right before the accident "consumer reports" is saying this could be a privacy issue. these cameras should be used to alert drivers, not for tesla to potentially "spy on" drivers we shoul

new cars and passenger trucks in california the zero missions by 2035 and the company is led by ford, gm and others seized the opportunity to innovate and create jobs and dominate the industry of the future proving yet again protecting the planet and growing the economy are not conflicting goals we are mindful of the responsibility to do even more that defines california. we know there's no advancement without effort, no success of any type without sacrifice. to paraphrase the patron saint of my hometown now is the time to tell the world about the prior future the strength comes not from what we preach, but from what we do. from our people who get their hands dirty each and every day and come home tired to give their kids a better life. when we set our mind to it, california can truly reach the stars. just a few weeks ago a national rover landed safely on mars, 293 million miles away. it was a breakthrough achievement made possible by the engineers and scientists at our very own jet propulsion laboratory in part by the vision and drive of a lebanese immigrant who was educated in californ

how is this hitting gm will we see shortages at dealerships? >> well, gm is adjusting its production, suspending production of the mid sized pickup that it builds in missouri we've seen this for several weeks now for general motors all automakers are dealing with the shortage it doesn't mean you'll show up and no pickups or no suvs. it means if you're in the market for a new car or truck this summer you may have to have more patience before you find exactly what you're looking for. >> phil, i understand "consumer reports" is saying tesla's in-car cameras might have some privacy issues >> the concern is these if-n-ca cameras looking at the driver, by default turned off but the driver can enable them and tesla has said that when drivers have enabled them and there have been accidents, they're reviewing the footage to see what was happening right before the accident "consumer reports" is saying this could be a privacy issue. these cameras should be used to alert drivers, not for tesla to potentially "spy on" drivers we should point out there's no

the gm and kyle shanahan addressed the huge trade. they will take a quarterback but jimmy will likely be on the roster when the season kicks off in the fall. shanahan said that he broke the news to jimmy. >> i'm sure jimmy was a little off just like i would be too. you know -- he will be fired up and coming and work his butt off and knowing, jimmy, more mad he gets the better he gets. it's, you know jimmy gets madder and he stays healthy. this will be a r jimmy too. >>> to the ice. patty passing a mark -- [inaudible] for second on the nhl's all time games played list. just inside the line. second goal of the night. minnesota will later tie the game. went to shoot out in the 8th round.rlsothe sharks. they won 4-3. >>> can you smell the hot dogs? opening day just two days away at the oakland coliseum. that's the latest in sports. see you tonight. >> i can taste it. >> all right. some smell vision there. >>> time is now 4:57. still ahead in the next half hour, also streaming on cbsn bay area. >> though vaccine eligibility will be expandi

gm, toyota, target, macy's and others say their texas employees and customers will still have to wear a face mask. nba teams, the mavericks and spurs say they will continue to follow the league's protocols to limit attendance and require masks. that's your cbs money watch report. for more head to cbs money watch.com. at the cbs broadcast center. >>> it sounds like the plot of a science fiction film. >> the pentagon using a secret space plane to harn ess clean energy. the x37b launched a small test panel into orbit last year. it traps and transmits energy from sunlight down to earth. that test panel is only big enough to power a smart phone but if scaled up successfully a solar farm could power entire cities. california has plenty of sun. what about today? >>> we are looking at little bit of sun as we head through our day today. we are starting off the day with mostly cloudy skies. we will catch a bit of clearing through the afternoon. here is a live look at the sales force tower camera and the temperatures are in the 30's, who's and 450's. cold start in santa rosa down to 36 degrees.

gm volvos another seized opportunity innovate create jobs and dominate the industry the future proving yet again protecting our planet protecting and growing our economy not conflicting goals there one in the same. but there's no doubt there's no doubt the california is the pace center of environmental policy. yet we're also mindful responsibility to to do even more. you know it's really that restless spirit. but i think defines california. we know there's no advancement without effort. such success of any type that sacrifice. you know, paraphrase saint francis, the patron saint of my hometown. now is the time to tell the world about our brighter future and only if necessary. we use words. so we know that our strength comes not from what we preach but from what we do. from our people who get their hands dirty each and every day who come home tired and do it to give their kids a better life. you know when we set our minds to it california to truly reach the stars is just a few weeks ago a nasa rover appropriately named perseverance landed safely on mars 293 million miles away. it was a

, there are a few stand out stocks today we want to see if you liked them 2345i78s like john deere, gm, goldman sachs. which these stocks gotten ahead of themselves? >> never gets old. trade it or foid it. let's start out 37%. trade it or fade it, nadine? >> i think you trade it on an intermediate term but you fade it today weir looking at a risk range of five to one to the down side soed you obviously don't want to buy into that. but you want to hold it from intermediate term trade if you can get it >> all right bonawyn, what do you say >> i think you've got to fade this thing it's up about 40% since january. it's up above its prepandemic high it's price to earnings are above its prepandemic highs. this to me is an example of lack of value within value. >> all right let's move on to draftkings, up 54% this year. steve grasso >> i'm going to say fade this one. now, i get the whole idea of why it's been popular, and i do understand that we're starting to see sports open back up and that's seen as a tail wind i think the biggest tail wind for the stock has probably lost its steam. i'd ra

. >> not like gm has been a slouch by any stretch short looks similar. your point well-taken. >>> coming up march madness, hitting the betting market in a big way. there's some stocks making big moves it is gambling on later, options action team knocking on the door with a new way to play ups. stick with us, "fast money" back in two we see access to fresh food being the global norm, not the exception. at emerson, our cold chain software and technology keep perishable food at proper temperatures, to assure its safety and quality. emerson. consider it solved. walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center! >>hey, thanks martins! yeah, you're welcome. geico. switch today and see all the ways you could save. when you buy this plant at walmart, they can buy more plants from metrolina greenho

after his playing days were over baylor served as gm of the clippers for over two decades. he was 86. >>> the warriors host the 76ers tomorrow at chase center. they will be without seth curry who will miss his third straight game with a bruised tailbone. steve ke rr is upset about how he was portrayed in a recent podcast where he compared last year's team to the 2019 team which lost in the nba finals. it was also durant's final year in golden state. kerr said a member of the media took his statements out of context. >> that is the hest thing from the truth. it was an unfair shot, completely taking something out of context to the point where people are going to read it and think that was my quote. to take that comment and put it into a tweet and send it out was so irresponsible and damaging and i'm angry. >>> sharks and kings. duking out at the tank, title 1. third period, skates behind the net. san jose takes the lead on that shot. final seconds, drew dowdy shot is blocked by martin jones and then there's a wide open net. couldn't get the stick on the puck and the sharks ha

there is almost no countervailing power left and so, you it's not that the gm worker was that much more brilliant or productive or the gm worker was so, much, better prepared than the walmart worker no, the the difference really was that the gm worker had a union behind him or her and the walmart worker does not. sen. sanders: all right with that i'm gonna have to interrupt you and i apologize but i want to ask some of the other panelists the question. let me go to, jennifer bates, ms. bates, let me ask you a very simple question and, why do you believe it is. so, important for you and your co-workers to have a union at bessemer, alabama, why is that so, important? >> it's important because we need a level playing field. for so long people have been , walking away from jobs because of the disrespect and equality and nobody has actually stood up to say you know what it's time for someone to be held accountable. for what they're doing amazon has a sign that sits outside and says us if you see something say something. so, we decided to stand up and say something. we need better work condit

you describe your woman - bit of an open question. gm. describe your woman as a pragmatist. you're one of the, frankly the only democrat who flipped a republican seat. how do you see yourself trying to bridge this gap between your republican colleagues who continue to insist that there was widespread electoral fraud without evidence and then yourselves the democrats last night pass this important bill and expansion of the voting rights acts, which will allow more early vote and among other things was and how you can bridge that gap between the two sides which is so difficult was that several pieces to that. fin sides which is so difficult was that several pieces to that.— several pieces to that. on the votin: several pieces to that. on the voting right — several pieces to that. on the voting right side, _ several pieces to that. on the voting right side, that - several pieces to that. on the i voting right side, that something it'sjust _ voting right side, that something it'sjust patient voting right side, that something it's just patient communication voting right side

gm has said, listen, by 2035 all of their vehicles will be electrified. i think the market if you look at the market caps of these companies, the legacy oems, the market is getting the fact that you know what, they're going to produce good electrified vehicles and they know how to do it at scale and with quality you're going to see a lot of winners and companies that will get into operational problems, particularly those that are just targeting the very high iend of the market because that's only so big, becky. >> mark, we just saw this week we've been following the shortage of semiconductors and how it's impacted the auto industry gm says it's looking at extending some shutdowns because they can't get their hands on chips. how big of a problem is this what's the solution? >> well, this is a big problem you've seen the down times the oems or automakers have announced. to put it into perspective, some plants have been down the month of february. some oems say they'll be down through april and mid may. that's almost as much as the plants were down last year

because she knows baseball and finally, derek jeter did that think about that, she applied for the gm job 15 times. >> wow. >> 15. >> didn't she, at some point, i kind of remember talking, like, she was, like, it's not going to happen. >> not in the cards for me. >> then jeter called. >> isn't that right? they reached out to her. everyone keeps saying, "it's about time." >> her mother's response was the best, "long overdue. >> long overdue. >> cheering her on, man. >> that was really awesome >>> just ahead, guys, if you're feeling sleepy this morning, this one is for you. we are talking coronasomnia. yes, it's a thing. >> we brought in an expert who said the hands you picked up during the pandemic -- i'm marcus washington. one of the bay area's most popular tourist investigations reopens today. san francisco's famed alcatraz welcomes back visitors. because the city is out of the red, it allows museums to operate 25% capacity. indoor tours have been closed just about a year now. some parts of the old prison including the iconic cell house will open again. of course, masks are required.

and passenger trucks sold in california the zero emissions by 2035 and the car companies led by ford, gm, volvo and others see the opportunity to innovate, create jobs and dominate the industry of the future proving yet again protecting our planet, protecting and growing our economy are not conflicting goals. they are one in the same says california is a center of environmental positives and yet weremindful of our responsibility to do even more . it's in that spirit that i think defines. we know there's no advancement without effort. no success of any type without sacrifice and to paraphrase st. francis the patron saint of my hometown, now is the time to tell the world about our brighter future and only if necessary will use words. our strength comes not from what we preach from what we do. from our people who get their hands dirty each and every day, who come home tired and do it all to get their kids a better life. when we set our minds to it, california can truly reach the stars. it's just a few weeks ago a nassar rover appropriately named perseverance landed safely on mars 293 millio

how gm plans to break out of the rearview. >> we are accelerating our ev's. annmarie: in china, one company wants to be tesla's killer. >> it has been established for 16 years. this has only been established for four years. annmarie: some are still betting on a different technology.

coming up on the "today" show, hoda talks to the first ever female gm in major league baseball, and also talks to the boss who hired her derek jeter. for now keep it right here more news is straight ♪ >>> winter is going out with a bang a snowstorm barrels toward the midwest after slamming the rockies and high plains. >>> selling the stimulus plan. president biden sets off on a how the covid relegal bill will help the average american. >>> the royal rift the buckingham palace brings in an investigators in the wake of harry and meghan's interview >>> a high note at the

i like -- i've liked gm. we've played the do-the-yourself market with autozone which we moved out of recently. but what i will say, i like the alliance with ford and vw. i think the increase in competition is a good thing. and i think there's obviously a lot of like upward trend and movement here. i think it's an opportunity to jump in and be a part of it. >> mike, these guys have performed very well as well. there's very few groups left out that haven't. >> that's true, absolutely in fact the only thing you could point to to say has really been left behind or nobody has an interest in are the truly lower growth defensive ends of the market, like staples, like utilities, some parts of health care definitely have been sitting this out but yeah, things like gm and ford, it's followed along this theme where older economy legacy companies are getting credit for being participants in the new emerging big picture growth story. for her it's electric vehicles for disney it's streaming. even for other media companies

so it is and that the worker was that much more brilliant or productive or the gm worker was so much better prepared than the walmart worker. the difference was the gm worker had a union behind him or her and walmart worker does not. >> i will have to interrupt you and i apologize but i want to ask some of the other panelists a question. let me go to jennifer. let me ask you a very simple question. why do you believe it is so important for you and your coworkers to have a union at the amazon facility in alabama. why is that so important? >> it's important because we need and even playing field. people have been walking away from jobs because of the disrespect and inequality and nobody has actually stood up to say you know what, it's time for someone to be held accountable for what they are doing. amazon has decided if you see something say something. so we decided to stand up and say something. we need a better working conditions, we need better wages for living. we need job security, so it is important for us the you union come in so that amazon will have the opportunity then to sit

folks wagon, gm, so we hope it will be easy to source a replacement as well as finding capacity. haidi: you have your second factory under construction with production of about 100,000 units. you are expecting that to go into operation in about 2022, i believe. do you think at that point there will be enough market demand to cover the cost of two factories? >> i think given the growth and increasing of our portfolio, the plant will complete fill its capacity. much by the end of this year. heavenly second plant up and running by next year is the priority for it. haidi: and you also have just delivered 100 cars in norway last december. what has been the reaction so far and what are your plans? we have delivered two batches, about 200-plus g3's to the norwegian market. this is a very small step for us to market in europe. we have plans this year to expand our presence in continental europe including additional countries where we can build offices. i think we want to spend the next 12-18 months relate to build out the infrastructure, allow us to sell our future products there haidi:

more progress with ford and gm taking ev market space. look at tesla's performance over 30 days. it has lost a lot of market cap, down 30% over the 30 day time. we got some breaking news after the bell. robinhood, which has dominated so much of the news flow in recent weeks, has apparently chosen the nasdaq for a listing later this year. according to sources who say of course no decision is final. that situation could change. but according to those sources, last week robinhood was targeting a listing i the end of this year potentially. it has been the center of the market volatility. all of the meme and reddit traders. one to watch. emily: absolutely. interesting to note robinhood is still on track for going public despite the controversy earlier this year. we see a light at the end of the tunnel, with the stimulus plan. why is tech feeling this pain? >> the darlings of the pandemic are out. jump with me into my bloomberg and look at this chart. it shows the percentage decline of the nasdaq since the february 12 record. a technical correction is when an index. percent. you see th

carmakers moving on the back of concerns about a worsening shortage of chips for cars, tesla, neo, gm, ford, amid the expanding shortage of chips for automakers and u.s. automakers extending production cuts as a result. we will continue to follow. tencent, american depositories, received lower after reporting quarterly revenue that barely met expectations. uncertainty remaining about what a beijing crackdown on tech companies mean. david ingles took a look at what is next. david: tencent is china's most valuable company with more than 2.3 billion accounts over its platforms. to understand how it got here, a quick glance at its past. founded in 1998, it turned profitable in three years and by its ipo in 2004, had 19 million users on its messaging service. the biggest turning point was the introduction of wechat 10 years ago, which coincided with the explosion of adoption across the country. the app was in the hands of hundreds of millions of chinese people, with many active users, to more than 1.2 billion people. shares are up over 80,000% and revenues have grown a staggering 400 times

gm. have to see the circumstance. this is in the 70s thousand 2a years old and i was fed up with the relation to the performance art, this kind of performance art, this kind of performance art was ridiculed by the large critics and also the public and i wanted to do something really radical. if i am there and all objects you can use on me and i'm taking responsibility, what is going to happen. and i remember on this performance only once and at the end of this exercise, under the public could kill you. it is not me who is going to kill myself because i don't want to. it is the public who can kill you in the public who can kill you in the 25 years later, i make different performers present with different rules that you consider the front of me as long as you want to, stare into my eyes and just be there in the present. and then a miracle happened. the public wait for hours and hours and sit at the front of me and there photographed. they are filmed, they are watched by the other audience and there's nowhere to go excep

gm. do get people like that who still think it is a conspiracy theory or still think it's, you know, something like that, which is quite scary. do you feel like _ feel like you have even more of a responsibility now to make people who are emerging from the lockdown feel good and positive about life as matt well, i'm in, there is the old saying that your hair is your crowning glory and if your hair looks good you feel good. so crowning glory and if your hair looks good you feel good. sui looks good you feel good. so i think is a _ looks good you feel good. so i think is a huge _ looks good you feel good. so i think is a huge role _ looks good you feel good. sr i think is a huge role us looks good you feel good. 5r i think is a huge role us as hairdressers to help our clients feel good about themselves again again. they have it, anna _ themselves again again. they have it, anna holligan - themselves again again. they have it, anna holligan having a haircut. i am jealous. have it, anna holligan having a haircut. iamjealous. —— have it, anna holligan having a haircut. i am jealous. �