romaine: that is the gm ceo. gm was kind of at the forefront of the electric car revolution in the 1990's. they pulled the plug on it, i guess they didn't feel like there was enough of a market for it but that has changed. you can take a look at the investments, ford, bmw, gm pledging to spend about 30 bit -- $30 billion. volkswagen says it will spend at $100 billion. we don't have tesla, which is already spending more than most of that combined on the screen. it gives you an idea of the commitment to see this through in a way we didn't see in the 1990's. taylor: let's talk about the ev transformation by legacy automakers. let's do all of this with ed ludlow, here with the story. is the key take away that tesla is no longer the only game in town? >> it is about who can catch up and play the game with tesla. we have been focused in the last 24 months or so on ford and general motors, because of the splashy announcement and the big spend they plan. but in the global auto industry, there are two names we have to tal

while gm is only about 6% of the market. tesla ceo elon musk recently troled gm on twitter saying "hypothetically, if they did make lots of america cars, then they would be the leader." so what do you mean by that when you say you are the leader? >> when you look at how many vehicles we're going to be able to launch across many segments, that's why by mid decade we think we'll be in a leadership position. >> so you think you can catch tesla by 2025, 2026? >> clearly that's what we're working from a north america perspective and we're just going to keep going until we have global leadership as well. >> general motors is issuing its second recall in less than a year for tens of thousands of chevy bolt electric cars. >> there have been setbacks. last summer gm was forced to recall all of its chevy bolt and boat euvs due to concerns over battery fires. the recall coupled with a shortage of critical computer chips sent gm's ev sales plummeting to just 26 vehicles in the fourth quarter of last year. how much of a gut punch was tha

yesterday, mary and a gm announced a $7 billion investment -- and gm announced a $7 billion investment in electric vehicles and that will create thousands of jobs. i went to go see the f-150, an electric vehicle, that will also create jobs. matt: that is president biden talking about his discussions with mary barra and jim farley, the ceos of gm and ford. we'll continue to bring you headlines from that conference as we get them. justice stephen breyer is retiring, giving the president a chance to fill his first vacancy on the u.s. supreme court and reinforce its outnumbered liberal wing. i'm not sure if it would reinforce, my guest strengthen -- i guess strengthen it in a way, but chuck schumer says of the nominee will receive a prompt hearing and will be considered and confirmed by the full u.s. senate with all delivered speed speed. -- speed. joining us to talk about it is josh wingrove. justice stephen breyer is 83. they want to make sure that they fill or replace one liberal with another while they have the chance. what's the timeline look like? josh: a big difference from 2020, wh

will that truck be delayed tesla hitting the skids but check out the moves in ford and gm ford stock hitting its highest level since july 2021, topping $100 billion in market value for the first time ever. guy, you have flagged this move. good call there. what is the trade? and by the way, do you think now is the time for ford to sell its stake in rivien, something jim cramer has talked about. >> karen and tim, tim without question for quite some time the market will finally reward ford and gm in terms of the valuation. you see it playing out over the last couple of months. i still think there's room to the upside in ford you put a 14 multiple-ish on a little more than $2, you get a stock that will approach $30, i think. and i'll stand by that in terms of selling their stake in rivien, if jim says they should do it, i'm not going to argue with jim my instinct is they should probably hold on a little longer >> karen, your thoughts. >> i think if what you're talking about tesla is true, that's clearly very good news for ford, right? i think the f-150 is available for deliveries this sp

how many vehicles compared to gm is astounding in and of itself. dan, i'm curious because you are known to put reservations down on new vehicles not yet produced are you inclined to do so? >> no. i got rid of my ford mustang mach a couple of weeks ago here's the thing about the electric, the standard battery pack has a 230-mile range and this is a big truck and users of those trucks might be hauling stuff and they're using air conditioning and they might be using the radio and when you take into account that will take up 10% to 20%. i think you will have a disappointing scenario in my personal opinion relative to where the stocks are you may have seen the activity with all of these orders and when the early reviews come out for people who are really using these trucks rather than guy going to the blockbuster or the grocery store, whatever the heck he's doing with his truck, you understand what i'm saying i just think it's not going to be the heavy truck that i think he is is my personal view. >> we are just getting started on fast money. here's wha

gm says, though, in 2022, they expect a lot to abate. they will recover. kfc looks like they're launching globally the plant-based fried chicken product with beyond meat their partner monday for a limited period, starting around $6 bucks you can order six or 12 pieces of fried chicken with dipping sauce $$6.99 as well they will roll out a substitute across the range as time goes on back to you. >> i want to try it with or without the dipping sauce. >>> next, the megaball jackpot are approaching a billion dollars combined and we'll tell you of a pizza shop delivering a supreme slice of kindness. of kindness. >> goodbye itchy squirm. hello clean bottom! we all go. why not enjoy the go with charmin. inner voice (kombucha brewer): as a new small business owner, i find it useful to dramatically stare out of the window... ...so that no one knows i'm secretly terrified inside. inner voice (sneaker shop owner): i'm using hand gestures and pointing... ...so no one can tell i'm unsure about my business finances. inner voice (furniture maker): i'm constantly nodding.

why you own gm and fnot ford why? >> i like the gm management team and i agree with jim the catalyst is a distribution of cash flow i hope it's a dividend they cancelled it. there's an investor base that likes dividend it's a value stock, and value base without a dividend doesn't have the value you need. by signaling to the market we're going to do well and we're initiating a dividend, you'll see a multiple expansion >> you don't like the f-150 and jim farley >> it's not that i don't like it i like gm better i think gm has got a better mouse trap, and ford is going to do just fine, but i'm going to allocate my capital more toward gm >> all right we'll do final trades next it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk o

gm, we will talk about this later in the show. shares are down 4.5% despite unveiling the electric silverado pickup. the omicron variant now accounts for 95% of new sequence cases in the united states. hospitals are facing their worst staffing shortages in a year. those seeing less severe death and illness on average. but omicron is so public that doctors and nurses are getting sick themselves. you can look how long we are supposed to isolate. quick that agency was about a week or so ago. they switched it down to about five days for a lot of people. the shrinking, a lot of people should isolate if they get sick. and they came to clarify. a lot of them expected people to say things more illiterate to test out and clarify more of the specifics after isolation. the white house, a lot of the good top public health officials have said we can't shut everything down at this point. they can get back to work sooner than they had previously. and that has really shaken up a lot of public health people. correct the u.k. just announced it is r

market we will get gm's fourth-quarter results next week and that's when we will hear from gm ceo mary barra speaking of evs tomorrow after the bell and it is when tesla will report fourth-quarter results and the product road map that elon musk may discuss or is expected to discuss during the company's conference call after the earnings come out. guys, back to you. >> phil, thanks so much. our phil lebeau. >> and finally, the volatility in thintech stocks in crypto has one prominent start-up founder i spoke with klarna ceo yesterday one-on-one he told me he's glad not to have the distraction. >> some people ask me, like, when are we going to ipo at the end of last year i said i think we're getting closer than what we have been, but i is also suggested i was slightly closer about the velocity in the markets and i feel slightly more confirmed in my worry, but i do also think to some degree we are one of a few thinteches that have not supported and i think if i look at some companies like square or paypal, it seems now that suddenly due to the massive exposure to bitcoin, there's a correl

this is not a knock against what gm has done. gm has made a great truck. i'm ready to buy an electric truck to compete in on the farm but an electric truck has a one ton battery grip definition the reduces eye one ton which could've done with a vehicle of gasoline. >> i'm out uptown -- i'm out of time and i will have to you back but the audacity to believe that we actually have control of this, you know, is mind-boggling to me and i thank you for -- >> the time of the gentleman has is expired. the gentleman from illinois, mse subcommittee on general farm commodities and risk management is recognized now for five minutes. >> thank you very much, mr. scott and want to thank our ranking member thompson for putting this together today. obviously the future of electric transportation is great, and certainly we appreciate all of the witnesses for their input today. especially how we can make sure that rural america is not left behind as we continue this conversation. so let me look at it this way. i know we talked about it a little bit but obviously went electri

the people to look at are not ford and gm. it is volkswagen. they sold have his many vehicles but they have in profits. they have massive electric vehicle presence. the other ones to look at are the chinese. they have three firms doing close to 100,000 vehicles a year with nio, xpeng and saic. don't forget. the chinese are well-known if not notorious for subsidizing both battery costs and the cost of their vehicles. the chinese are likely going to be landing chinese vehicles on our shores in 2023. they will be a tough competitor. it is all about getting the $25,000 vehicle market. that is the big story. emily: you were an early board member at tesla. you don't own tesla shares now or anymore. why is that? steve: if you are a venture capital firm and have liquidity for investors, they like you to give shares back. i will tell you we did extremely well at tesla. we did not keep our shares an extra week. emily: always appreciate your joining us. found her and managing partner of the wesley group. thank you for stopping by. coming up, it was libra,

emily: if not gm, can ford catch up with tesla? steve: ford produced 27,000 vehicles, tesla is producing one million. they will have a hard time catching up. i hate to say this, volkswagen has sold half as many vehicles but they have e profits, massive electric vehicle presence and they are taking battery production in-house. another want to look at is the chinese, they have three firms with close to 100,000 vehicles a year with neo, >> j and sai -- ne-yo, asked j and -- xj and saie. chinese will likely be landing chinese vehicles on our shores in 2023 and will be a tough competitor. it is all about the electric vehicle market. keep an eye on the chinese, big story. emily: as i understand, you don't own tesla shares anymore. why? steve: if you are a venture capital firm and have liquidity investors does liquidity for investors, they like to give you shares back. -- they like you to give shares back. emily: i always appreciate you joining us, steve wesley, founder and managing partner of the wesley group, thank you for stopping by.

emily: the gm ceo there. the battle in the ev world heating up and tesla is still the biggest target. ed ludlow to talk about the latest bloomberg quicktake. the two automakers tried to take on tesla. >> the splashy announcement is made about ford and general motors but we have to talk about the two biggest in the world, volkswagen and toyota because they sell 10 million cars per year per piece. these two companies put their money where their mouth is and we need to learn what they are going to do to take on tesla. emily: what is volkswagen strategy -- volkswagen's strategy? what is tesla's strategy? >> he is going full spent on electrification, both on software development and on ev's and they went to electorally -- electrify the whole fleet. they may not have the technology but what they do have is a legacy and history of manufacturing and delivering vehicles at scale. emily: how much is elon musk care about this? >> he has this line, prototypes are easy, production is hard. a company sold just a little mor

here when you look at this chart gm is lagging both ford and tesla, when you talk to gm executives they kind of sit there and say we know there are a lot of headlines that are going to ford and tesla has been dominating evs we will be the number one ev automaker later on this decade they're adamant about that don't forget we'll be talking with mary barra. we'll talk about the claim that she has made before that they will be number one that's going to be part of the topic of the interview coming up at 2:15 on "power lunch. guys, let's see that silverado ev let's see what kind of buzz that generates. >> we'll see how hard she throws down that gauntlet >> if you missed part of the show, follow and subscribe to our podcast. listen any time, anywhere wherever you download podcasts "tech check" is back in a ment th you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love o

. >>> coming up, gm is no longer the best selling auto make america the united states. who stole the crown. >> and the great resignation is far from over. what new >>> let's give you a live look at wall street on this afternoon. let's see how it's looking now. the dow is up about 272 points. >>> new at noon toyota has over taken gm as the best selling car make america the united states. the move was largely spurred by the global chip shortage. last year toyota sold around $114 more vehicles than gm. >>> the united states economy is on the mend and entering the new year with significant momentum. average weekly jobless claims near historic lows. the unemployment rate was just 4.2% in november. economists say there are at least four risk factors to watch. covid could cause more damage limiting people's willingness to spend. inflation could stay hot keeping prices high for food, gas and housing. supply chains could stay scrambled with various goods difficult to get and then the potential for a fed policy mistake, especially when it comes to interest rates. >> the fed may d

that is not a knock against gm, gm is making a great truck. i've owned lots of suburbans and i'm ready to buy an electric truck to commute in on the farm, but electric truck has a one ton battery. by definition that reduces by one ton what you could have done with an identical volk of-- >> well, i'm out of town -- i'm out of time and have to yield back, but the audacity to believe that we actually have control of this, you know, is mind-boggling to me and i thank you for-- the time of the gentleman expired. the gentle woman of illinois, the subcommittee of commodities and risk management is recognized now for five minutes. thank you, mr. scott and i want to thank our ranking member thompson for putting this together today. obviously the future of electric transportation is bright and certainly we appreciate all of the witnesses for their input today and especially how we can make sure that rural america is not left behind as we continue this conversation. you know, so let me look at it this way and i know we've talked about it a little bit, bu

they used to be something called gm theory, which is that so money people were buying gm cars, and that ability to spend, gm stock reflected the ability of the economy. i wonder if the ev boom will show a similar idea. jon: good food for thought. a new era for ford. it is the end of an era for blackberry devices running the original operating system. we've been talking a lot about this in canada. services will not be supported after today. the company known as research in motion had the signature handset in the 1990's. many meme stock investors well know, it was hot in 2021, triggering a massive share price , but ultimately we saw a pretty sharp incline. i should give a shout out to to the bloomberg quick take team. remember when kim kardashian could not be seen anywhere without her blackberry? there was quite the pop culture phenomenon back then. alix: even i had a blackberry. i was one of those people --an iphone, what is that? this was like a staple for my career. jon: it's interesting. we have been exploring some stories of, there are still plenty of loyalists still out there. they

it's not a knock against what gm has done.'m i'm ready to buy an electric truck to commute on the farm, but an electric truck has a 1 ton battery. byy. definition that reduces by1 ton what you could have done with the an identical vehicle glick. >> i'm out of time and i'm going to have to yield back, but the audacitye to believe that we ought to have control of this, you know, it's mind-boggling to me and i thank you for. >> the time of the gentle man has expired. >> the gentlewoman from illinois who is the chair of the subcommittee on the commodities and risk management is recognized now for five minutes. >> thank you veryy much mr. scot and i want to thank the ranking member for putting this together today. obviously the future of electric transportation is bright and we appreciate all the witnesses for their input today and especially how we can make sure that rural america isn't left behind as we continue this conversation. so, let me look at it this way and i know we've talked about it a littlet, bit but obviously as many

gm sold 2.2 million. analysts say toyota handled the supply chain issues better than gm. >>> and crystal pepsi is making a comeback to celebrate 30 years. you won't find it in stores. pepsi announced a contest on twitter. they want you to submit a photo of yourself from the '90s. better be a good one. there will be 300 winners. the deadline is tomorrow morning. crystal pepsi was announced in 1992. it had just a short run of two years, but the clear soda has returned since for several contests. it was also on the shelves for about two months back in 2016. the '90s were not a great time for me look-wise. so i don't know if i'll be submitting to this. i would love to taste it, though. >> yeah. i had to sort of google to find out what it tastes like. if it's any different. it says that it doesn't have caffeine, and they didn't use brown sugar so it tastes a little bit different. quickly, i checked on ebay to see if you really wanted to purchase, you know, some of this, if you could -- $67 per eight bottles. a

auto sales crown from gm. details ahead. this is bloomberg. ♪ paul: continuing to track the fallout of the global supply chain crunch. these are the top stories. a bigger than usual rush to stockpile products on retail shelves and warehouses ahead of the holidays my giveaway to an economic hangover of sorts. lisa is -- it is one of the interpretations from the managers index. it usually drops in december. in 2021, it stayed elevated. it can crowd the prices and growth. the ism manufacturing gauge in the u.s. fell more than expected. bloomberg intelligence says indications of reduced supply strains are emerging. they conjured up orders and aged down slightly while employment growth broadened. on the topic of jobs, the transport industry is -- another year of supply chain disruptions. labor strains persisting through the sector and the latest data showing a record of 4.5 million americans quitting jobs in november. shery: watching automakers getting back to back sales. the sector being hit hard from chips to logistics and to

m. gm's, vice president, head of security, safety and surveillance. none other then george toggling id. there is a conflict of interest there because her dad is the v p of security. miss tattle, adi, retired from the bench at 19 years. instead of going that one more year for retirement . judge cavelatti, i believe, was brought in to save m g m and her father. it's an incestuous thing that happened in vegas. they all protect each other like brothers and sisters. this case should have been in the billions. you have a case of someone trying to put on the illusion that everyone is happy when in reality, the only people to win in this case, where the lawyers and m g m. and that's it. the take was a $100000000.00 and divide it up with around $4500.00 people and it's not a lot of money. neither is a 49000000 that m g m a corporation. your gross is over $10000000000.00 a year has to actually pay out out of pocket. so m g m one. but the victims, in this case last i do love my town, but i'm starting to see the reality of things since october 1st on what vegas r

the electric 150 i think this is a great time that people should be looking to shift from ford into gm and nothing negative on ford, but it has three more multiple turns on gm and everything lines up great for gm and it's number four on the list >> we'll allow you the bonus pick by the way, lebeau has mary barra tomorrow on a first on cnbc interview don't miss that "power lunch," 2:15 eastern time materials is your sector play, jim. you said you really wanted to pick energy. it was your top play, but you wanted to differentiate yourself from the rest of the committee so you picked materials. >> yeah. everybody's got energy, but materials should perform well for the exact same reason. mainly demand, right whether it's infrastructure spending and supply chain onshoring and just regular capital expenditures and you'll see demand for steel, copper, aluminum, for concrete and for chemicals and for plastics and obviously, if my number one pick is chief laleveland picks maters would be my number one sector. >> josh brown, what do you make of farmer jim's picks? >> i'm in the same trade as him

m. gm's, vice president, head of security, safety and surveillance. none other than george toggling adi. there is a conflict of interest to her because her dad is the vp of security miss tattle. adi retired from the bench at 19 years. instead of going at one more year for retirement. judge cavelatti, i believe, was brought in to save m g m and her father. it's an incestuous thing that happens in vegas. they all protect deep shoulder, like brothers and sisters. this case should have been in the billions. you have a case of someone trying to put on the illusion that everyone is happy when in reality, the only people to win in this case, where the lawyers and m g m. and that's it. the take was a $100000000.00 and divide it up with around $4500.00 people and it's not a lot of money. neither is a 49000000 m g m a corporation. your gross is over $10000000000.00 a year has to actually pay out of pocket. so m g m one, but the victims in this case last i do love my town, but i'm starting to see the reality of things since october 1st on what vegas really is. i

m. gm's, vice president, head of security, safety and surveillance. none other than george toggling adi. there is a conflict of interest there because her dad is the vp of security miss tattle. adi retired from the bench at 19 years. instead of going at one more year for retirement. judge cavelatti, i believe, was brought in to save gm and her father's. it's an incestuous thing that happens in vegas. they all protect deep shoulder, like brothers and sisters. this case should have been in the billions you have a case of someone trying to put on the illusion that everyone is happy when in reality, the only people to win in this case, where the lawyers and m g m. and that's it. the take was a $100000000.00 and divide it up with around $4500.00 people and it's not a lot of money. neither is a 49000000 m g m. a corporation who grosses over $10000000000.00 a year has to actually pay out of pocket. so m g m one, but the victims in this case last i do love my town, but i'm starting to see the reality of things since october 1st on what vegas really is. i had

the strategy gm pursued there i like the strategy they are doing now. offer a variety of products with common underbidding and use that to go after the smaller players as well. it's just one vehicle in a much broader ev line up from gm >> what a well received announcement yesterday from ford they were upgrading the capacity which stock do you want to be in ford has so much out performed gm over the last 12 months but both have done quite well. >> we have over weights on both. the big question is where between the 8.5 and the p/e of ford and about 300 p/e of tesla is the right for an auto stock that's active in the evs the advantage ford has is it's a skunk work product it's not a scaleable platform. they made important progress in transitioning the broad from an ice brand that dates back nearly over a century into an ev brand. gm is a bit later but has a much more solid underpinning of flat form economics >> what is the p/e multiple on both of these companies, gm and ford now are they still relatively cheap but are they going kind of expensive compared

for first time since 1931, gm has been outsold in the u.s. by another carmaker. toyota edged out general motors with both selling over two million vehicles. analysts say toyota was better able to manage supply chain issues than gm. >>> okay. tonight an historic change of demand aboard the uss constitution. the world's oldest navy ship. commander billie farrell is set to become the first woman in charge of the constitution in its 224-year history. the warship known as old ironsides has a crew of 80, and more than a third of them are women. >>> all right, coming up next, when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right here. you are fully loaded and completely equipped for the race that's been designed for you. >>> so how do you bring people together when they seemingly disagree on just about everything? cbs news chief medical correspondent dr. jon lapook went

m. gm's, vice president, head of security, safety and surveillance. none other than george toggling adi. there is a conflict of interest there because her dad is the vp of security miss tattle. adi retired from the bench at 19 years. instead of going at one more year for retirement. judge cavelatti, i believe, was brought in to save m g m and her father's. it's an incestuous thing that happened in vegas. they all protect deep shoulder, like brothers and sisters. this case should have been in the billions. you have a case of someone trying to put on the illusion that everyone is happy when in reality, the only people to win in this case, where the lawyers and m g m. and that's it. the take was a $100000000.00 and divide it up with around $4500.00 people and it's not a lot of money. neither is the 49000000 that m g m a corporation. your gross is over $10000000000.00 a year has to actually pay out out of pocket. so m g m one, but the victims in this case last i do love my town, but i'm starting to see the reality of things since october 1st on what vegas

wellness, well done. >>> blinkcharging announcing a partnership with gm. they're out fronts for customers. joining us is blink charging ceo and founder. michael, what does this deal mean is it sniignificant importance n terms of sales for your company? >> yes, and validation in general. >> why >> having gm select blink cing o servicing the cars and they went through a vetting process. i think there's tremendous validation for blink charging as a company. >> what does it let you do in terms of the validation? again, for a company still in the early stages, what did you have last quarter? 6.4 million in revenue where is this going to lead? >> there's 4600 dealerships in the territories we're working with them on look at 10 charging stations and the numbers are astronomical and gets our charging stations out in front businesses not selling equipment where we generate our recurring revenue revenue through the sale of fuel, energy this allows us for more customers to know who we are, more dealership level face-to-face sales it works in our favor across the boar

overtaking gm. gm direct by sentiment by its pocket -- about its prospects in china and hong kong. and taiwan is getting by tech stocks. sticking to where we are in terms of those hong kong tech stocks, that index is currently down, under pressure from the hang seng. taking its holdings to 18% viewed as you can see from the screen, hang seng-related stocks were dragging down. meituan is lower by 8%. rishaad: turning to geopolitics, north korea appears to have launched its first ballistic missile in two months, just days after its leader kim jong-un signaled that returning to stalled nuclear talks with the u.s. would be a low priority this year. let's bring in our guest. john, they normally want something in return after a missile ballistic test. what is the game here? john:>> we are still trying to figure out what has been lost. to keep pressure on the biden administration, it comes as north korea is really bolstering its arsenal with new weapons. and we still have to see what this weapon was. initial indications were that it was a short range listed missile, but we don't have that

last year mary and gm announced a $7 billion investment to the electric vehicles in michigan to create 4000 new jobs. last year i was up at ford's plant in dearborn, michigan to see all electric 150 as part of ford's $11 billion investment in electric vehicles that will create 1000 new jobs and is part of the over $100 billion committed over the past year. american auto manufacturing will build electric vehicles and batteries in the u.s.. we all know how important it is to manufacture the necessary component parts here in america, made in america. last week intel announced day -- announced a $20 billion plan to build a semiconductor manufacturing facility in ohio, one of the largest of its kind in our nations history that will create 10,000 jobs area -- jobs. one of the reasons for inflation being high as it is is the cost of vehicles. the reason the cost of vehicles is up is they do not have the component parts, specifically, the semiconductors. last year other top manufacturers committed $80 billion in new semiconductor facilities across the nation beyond what intel just announced. t

gm, ford and toyota, let's see what the reaction is tomorrow. but today clearly tesla's day with far better than expected numbers for the fourth quarter and for all of 2021. >> that is some forecast from adam jonas i know there are a lot of conditions surrounding that statement, phil, but to say is that even doubling its production next year or i should say this year we're in this year, we're in next year. >> right. >> it is pretty bold i'm wondering from your stand point, if terms of chip shortages and supply chain issues, tesla was able to navigate them completely and deliver more than what they thought. how did that happen? >> yes well a lot of this has -- elon musk talked about this after the third quarter and that was the surprise quarter that i think a lot of people said, wait a second we thought operations would be the weakness for tesla as they continue to grow as an automaker. and they showed that they could handle the chip crisis they've done a number of things to make it so they do not have as much reliance on certain chips and as wel

gm rolls out its new chevy silverado ev. the starting price and how much the truck can power a second electric vehicle. ♪ ♪ my name's caleb. what's yours? i'm grace! did you just move here? yeah! cool! yourur shipping g manager left to "“find thehemself.” leavaving you lolost. you needed to hire.. i need i indeed. inindeed you d do. indeeded instant m match instay dedelivers quauality candidids matchihing your jojob descript. visit indeed.com/hire evenen after youou sanitize, everery touch cacan leave new bactcteria behinind? matchihing your jojob descript. microbanan 24 keeps s killing 9% ofof bacteriaa touch afteter touch fofor up t4 hohours. use e the sanititizer 4 out t5 doctctors would use e in their o own hom. microban 24. wet disheses? resisidue? spots? it's s not your d dishwashe's fafault. simpmply add fininish jetdryry1 to r rinse, dry y and shine er didishes. solve e 3 problemsms at once wh fifinish jetdrdry 3in1. >>> here's a look at the forecast in some cities around the country. ♪ >>> check your numbe

look for gm to be able to be better than adam jonas' downgrade today. he stuck by his $12 target on ford. >> top auto pick of the year is ferrari. you got to love the guy. you have to. i don't know he's like belichick, right good defense, i guess. i don't know >> we'll get cramer's mad dash. take one more look at futures. we'll get the opening llbe in about 7 minutes. don't go anywhere. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire you could be working with someone outside your company and wait for back and forth e-mail, or a call to be rescheduled for the third time. orrr... you could use slack. and work faster with everyone you work with, together in one place. slack. where the future works. >>> as far as the gainers go, we mentioned ford, followed by under armour we'll get through some of the other upgrades as well and all of the calls including pinterest, coke, the opening b

some think gm can retake toyota maybe next year, but it is a big shift. first time in 100 years. >> christine romans, thank you very much. >> you're welcome. >>> new york's new mayor starting the year in a standoff over schools. mayor eric adams will join us live. >>> next, disturbing denials about the insurrection one year after it happened. >> it was the democrats were behind it all. they're the ones that caused it all. >> you really believe that? >> i know it. (kate) this holiday, verizon has the deal that gets better and better and better. get iphone 13 pro, on us, when you trade in your old or damaged phone. here, the phone everyone wants, on america's most reliable network. better? (guy) better. (kate) that's not all. the new iphone, and up to 7 entertainment subscriptions for your family. like apple music, apple arcade, and more. better? (family) better. (kate) not done. the new iphone, the entertainment, and up to $1,000 when you switch. (carolers) ♪better♪ (kate) this year, holiday better, with verizon. because everyone deserves better. my nu

the move comes as gm tries to develop more electric and self-driving vehicles in the near future. >>> and no more spoilers if you play wordle. twitter has removed a bot that revealed the next day's answer. it would only appear if users posted their scores on the social media platform. a spokesperson said twitter removed the bot for violating automation rules. wordle has exploded in popularity on the web. users are given six tries to guess a five-letter word. >>> the newest chef at mcdonald's is you. the customer. the fast food chain is rolling out mchack starting on monday. there will be four items made popular by fans of the restaurant. one of them is the surf and turf which combines a double cheeseburger with a filet o' fish. another is the crunchy double. this has six chicken nuggets stuffed into a double cheeseburger. there's also the hash brown mcmuffin which combines a sausage mcmuffin and hash brown. people can also get the land, air, and sea, that combines a big mac, filet o' fish and chicken sandwich in one bun. it's a lot -- >> did we talk about calories and sodium or is thi

gm hired tesla and negative by 4% ford best performing auto stock in 2021 outpacing gm and tesla again. tesla only up half percent so far this year. legacy names also outperforming in the payment stays look at mastercard and visa versus paypal, block/square and affirm, green and red rest of the names mentioned. aferrelfirm down 5%. >>> and quick programming next, "power lunch." >>> rahel solomon with a cnbc news updays. >>> happening this hour, prince andrew stripped of many honors the queen has taken back all military affiliations. prince andrew no longer referred to as his royal highness and in any official capacity. buckingham palace saying the prince will defend himself as a private citizen against a sexual abuse lawsuit. >>> and responding to calls from the republican national committee for candidates who avoid the traditional election debate the commission says it deals directly with candidates who qualify for debates and that its plans for 2024 base onds fairness and neutrality. >>> arizona senator kristen senma will now support voting legislation moving forward her opposition d

mr. indian brewer gms. russia has the largest number of preserve forest in the world. however, illegal deforestation, contraband forest product, export and wildfires of all cost the country up to $13000000000.00 a year. and even worse, the loss of unique natural resources, old growth forest. ok, yes. latin euclid i will be at the menu, usually bar, which messed up. he has been just a little custody to the local, not number. which is why natural, you no longer able to not hold, i will go, critics will need to double because i'll say and up to the school to with new lana, it's nicole by and they're going to use your voice mail if you really vehicle personable, molecular progress, you not florida about how to conduct records, so we did, i will put you up. are her when i mean plugin with michelle only punk, i don't want that as a by the it's been on the by using by still didn't you both your, some up. i don't recall it's got that when you were here with you, mr. buena, phil nipple dish, did you buy it with just the p here? little w rather than sit on the point of getting v

gm trailed toyota over the first three quarters. its fourth corner results are expected to fall short. as a whole, u.s. automakers account for 40% of american vehicle sales. president biden meeting virtually with farmers and ranchers to talk about the rising meat prices across the country. he is pushing for more competition in the industry, saying that is what is needed to bring prices down. industry groups are pushing back, blaming higher energy prices and the effect of the coronavirus. now a live look at the new york stock exchange as trading gets underway this morning. you can see we are up 218 points. kumasi: at&t and verizon have now agreed to delay the rollout of new 5g wireless technology for another two weeks. there are concerned it could interfere with safety systems on planes around airports. both wireless companies say 5g is safe but airlines, playmakers, and federal regulators are not convinced. starbucks is telling its employees they have to be fully vaccinated by february 9 or face covid testing. the policy syncs up wi

i think the incredible gap up 71%, gm down 44% in terms of delivery in the december quarter. that gap is going to close at some level it will narrow i don't think it will close. but the profit analytics but the profitability piece is critical, for tesla to have market cap relative to other car makers they need to have outside profitability and i think that piece is under appreciated about what they're building. and i would put this last piece in here, the numbers were good, they were actually better at first glance better than as you normalize some of the numbers for one-time effects like ceo compensation, the numbers were probably better because you can look at things like fsd and some of the revenue despite all of this controversy they are recognizing a very little piece of that. that's something other car makers don't have and will be creative to margin long-term >> tesla had a line in its release that caught my eye, it had highest quarter operating margin above all volume oem demonstrating ev can be more profitable than engine combustion vehicles -- elon musk will be on t

haslinda: that was the gm president speaking with bloomberg. let's check the latest business flash headlines. credit suisse morning -- warning of a loss as business lows at its two biggest units. the vendor said its investment banking business will post a loss. it also warns that client outflows in a significant slowdown in its wealth unit. it is setting aside more than $540 million towards mitigation. korean shares around a record low amid a tumble and crash morning about revenue in the largest u.s. crypto exchanged on 50% from the november peak he says the exchange is likely heading for first quarter sales misses. >> coinbase is in deep trouble. let me tell you why. they are charging too much money. they are overly profitable now in commission for crypto trading. it will become zero at the end of the day. rishaad: let's look at one company soaring and shanghai, the second biggest solar module manufacturer. i'm not sure what that is. it is up 130%. it already trades in the u.s., a massive premium to that. this is bloomberg. ♪ every day in bu

and the minnesota vikings head coach and gm fired, too. reminder, tonight, the college football national championship game between georgia and alabama, espn tonight, 8:00 p.m. eastern. >>> when we come back here tonight, bob saget and the tonight, bob saget and the lesson from his father. for what's next, even with higher stroke risk due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin i'll go after that. eliquis. eliquis reduces stroke risk better than warfarin and has less major bleeding than warfarin. eliquis has both. don't stop taking eliquis without talking to your doctor as this may increase your risk of stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking, you may bruise more easily or take longer for bleeding to stop. get help right away for unexpected bleeding, or unusual bruising. it may increase your bleeding risk if you take certain medicines. tell your doctor about all planned m

. >>> and chevy turning its best seller electric, the different models for different needs as gm works to keep up with the competition. >> announcer: the facts. the truth. the news with shepard smith, back in 60 seconds >>> tomorrow marks one year since the deadly january 6th insurrection when the pro-trump mob stormed the capitol and ransacked halls of congress. as of today,the justice department has arrested and charged more than 725 defendants in nearly all 50 states and the district of columbia that's new info from the attorney general, merrick garland. in his speech today, he pledged to prosecute everyone responsible for the riot the doj calling it the largest investigation in the department's history >> the actions we have taken thus far will not be our last. the justice department remains committed to holding all january 6th perpetrators at any level accountable under law, whether they were present that day or were otherwise criminally responsible for the assault on our democracy. >> meantime, congress is looking at new laws to prevent and protect against election coups with les

the chicago bears firing gm ryan pace and coach matt nagy. the miami dolphins firing their head coach brian flores. and the minnesota vikings head coach mike zimmer along with gm rick spielman fired, too. reminder, tonight, the college football national championship game between georgia and alabama, espn tonight, 8:00 p.m. eastern. >>> when we come back here tonight, bob saget and the lesson from his father. ib not cy a heart valve problem. so if there's a better treatment than warfarin i'll go after that. eliquis. eliquis reduces stroke risk better than warfarin and has less major bleeding than warfarin. eliquis has both. don't stop taking eliquis without talking to your doctor as this may increase your risk of stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking, you may bruise more easily or take longer for bleeding to stop. get help right away for unexpected bleeding, or unusual bruising. it may increase your bleeding risk if you tak

that's a slap on the wrist when gm has done here to use process. and through this mediation, reference is the highest standard of corporate citizenship i have ever seen. last year. i was the loudest voice in the country and saying negative things about indian when they sued a number of the victims robert eg attorney for over 2500 claimants. in this case stated that the $800000000.00 settlement would be good for everyone. but what he didn't say is that he stands to get over a $100000000.00, in this case, making him the true winner is a lifelong exam and i cannot tell you how crowd i am n g and just say, you know that a company, they have maybe the last loyal. ready customer the other half and now they are the most wonderful corporation he's ever seen. and he went from their largest critic to becoming their biggest kisser. is he there lawyer? ours? because he sure as i was an act like it, keeping this out of the courts by settling with the victims allows m g m to hide the fact that their greed and incompetence may be part of why this happened. they w

hey, gm as well. phil lebeau bringing us that >>> speaking of auto tech, not just kwaulcome, it will be an exciting week. >> jon, remind me about the big conferences that you normally hit during the course of the year barcelona, for example are those still on >> so sad. i do not expect to be at mobile world congress this year, carl, in barcelona especially with omicron. you have to make travel arrangements for these things pretty early it's tough to do when you don't know what the protocols are going to be. certainly gathering in a place where people are coming from all over the world, you know, and piling into indoor spaces, doesn't quite feel -- it's not that it's completely a safety issue, but what are the protocols and testing and how do you test in order to get back home and what does that do to the rest of your plans even if you're willing to -- if you're vaxed and boosted like i am and more willing to mingle and deal with the implications. international travel really can throw a monkey wrench i

. >> finally, what about the legacy auto makers as we learn that toyota out sold gm last year >> that was an impressive feat that toyota outsold gm, it was historic for a nondomestic to reach that spot. even toyota today said that they don't think it is necessarily sustainable and it is not necessarily their goal, but i think they're happy to take the "w" for 2021 >> what would you say we should watch for on gm's stock front? a lot of the movement currently has also been around the success of cruz, and that's sort of a different story. it implies evs but taking them autonomous >> autonomous and evs have kind of gone hand in hand in cyclical nature for the past ten years or so it has been hot button issues that continued to progress for general motors tomorrow will be an important day. you have the ceo giving the keynote at the technology show where they last year announced the bright job business and announced a bunch of other ev initiatives. this year they are going to unveil the chevy silverado ev which is a huge product that should be coming in the years to come i expect other news