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Nov 18, 2013
11/13
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phil lebeau goes behind the wheel to find out. we'll take a first look at the electric caddy coming up. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> there is a battle brewing in the world of sports broadcasting. julia with details on this late-breaking story. >> traditional tv programmers fight with streaming video services, now the national football league and major league baseball are warning the supreme court that if aria wins legal battle, sports fans can say good-bye to free games on broadcast tv. the nfl and mlb filed a friend of the court brief urging the high court to take up the lawsuit. abc, cbs, nbc and fox, saying if area yeah was i will loued to keep operating without compensating t
phil lebeau goes behind the wheel to find out. we'll take a first look at the electric caddy coming up. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>>...
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Nov 13, 2013
11/13
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phil lebeau, mexico. >>> and for more on the rapidly growing auto manufacturing industry in mexico, head to our website, nbr.com. >>> finally tonight, tuesday is not usually a popular day to say i do but today's calendar date is 11/12/13, a highly lly desi day. according to davids bridle, 800% more than a year ago and next year maybe bigger, 12/13/14 will be the last calendar date this century with three sequence l numbers and that falls on a saturday. >> that will do it for "nightly business report", i'm sue herrera. >> i'm tyler mathisen, have a great night everyone and hope to see you back here tomorrow night. >>> "nightly business report" has been brought to you by -- >> thestreet.com, up to the minute stock market news and in depth analysis. our quant rating service provides objective independent ratings daily on over 4300 stocks, learn more at the street.com/nbr. >>> if you sit still, especially in technology, the ramifications are disastrous. >> people who tour these galleries often say, wow, i had no idea. many think it's about scientist, engineers, and mathematicians. but if you
phil lebeau, mexico. >>> and for more on the rapidly growing auto manufacturing industry in mexico, head to our website, nbr.com. >>> finally tonight, tuesday is not usually a popular day to say i do but today's calendar date is 11/12/13, a highly lly desi day. according to davids bridle, 800% more than a year ago and next year maybe bigger, 12/13/14 will be the last calendar date this century with three sequence l numbers and that falls on a saturday. >> that will do it...
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Nov 29, 2013
11/13
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phil lebeau, "nightly business report." >>> the box office is typically busy the last few weeks of the year with a slew of high-profile movies. so what is hitting the silver screen and how will ticket sales stack up? julia boorstin breaks down the expectation for the box office and studios. >> reporter: this holiday season box office could be bigger than ever thanks to lines gate "hunger games" with the biggest november opening weekend ever and a range of other promising slicks in the pipeline like warner brothers "hobbit" seek well and "anchor man 2." >> it's seven or eight weeks, dollar for dollar, just as important as the summer because it accounts for 20% of the box office compressed into the short time frame at the end of the year. it's extremely important. >> reporter: with a diverse mix of films from oscar fair like "mandela's long walk to freedom" and "frozen." films that appeal to critics like "hustle," visitors to universal city walk in los angeles are excited to head to theaters. >> hunger games, definitely. >> there is better stuff around the holiday season because they hol
phil lebeau, "nightly business report." >>> the box office is typically busy the last few weeks of the year with a slew of high-profile movies. so what is hitting the silver screen and how will ticket sales stack up? julia boorstin breaks down the expectation for the box office and studios. >> reporter: this holiday season box office could be bigger than ever thanks to lines gate "hunger games" with the biggest november opening weekend ever and a range of...
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Nov 29, 2013
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phil lebeau, can you hear me? i think we have -- >> reporter: simon, i'm down the street from a walmart anybo neighborhood market sheer in the lakeside avenue neighborhood of chicago. i can, simon. do you hear me? i'm not really sure what happened. >> okay. phil, we've got a terrible delay getting to you, phil. we'll come back to phil lebeau in a few moments' time. >>> meanwhile, we do want to talk about apple. a company that's not big on discounts or deals, but today, only, the tech giant is giving out store gift cards with certain purchases, including the i pad. will it be enough for tim cook to get an apple ipad christmas, or will the competition bridge that gap? we'll bring in a writer with the street.com. thank you guys for being with us on this busy black friday. >> good morning. >> rocco, we'll start with you, because the big question is whether apple can maintain its market share. it's been slipping in the last kwauf quarter. it was 29.5%. what do you see being the a risk here for apple? >> i see the futur
phil lebeau, can you hear me? i think we have -- >> reporter: simon, i'm down the street from a walmart anybo neighborhood market sheer in the lakeside avenue neighborhood of chicago. i can, simon. do you hear me? i'm not really sure what happened. >> okay. phil, we've got a terrible delay getting to you, phil. we'll come back to phil lebeau in a few moments' time. >>> meanwhile, we do want to talk about apple. a company that's not big on discounts or deals, but today,...
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Nov 1, 2013
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. >> we would like to bring in phil lebeau. lax is the sixth largest airport in the world and t3 where the shooting took place this morning houses lots of airlines, virgin america, virin australia, jetblue and others. have very heard any reaction from the airlines themselves to this incident? >> no, because they're taking a back seat, in terms of everything there is being controlled by the local authorities. we've heard of a few flights that landed, not heard of any going, airlines in terminal three, and if you think about it, it makes sense. they brought everybody out of the terminals. they have to screen everybody to get back in and that's just the passengers. you've also got the support personnel as well as the employees so it's going to take some time for those airlines in particular before we see any flights coming in, let alone taking off. >> and phil, give us more color on what this is going to do nationally for air traffic, third busiest airport in america, about 31 million passengers, roughly divided equally, about 85,
. >> we would like to bring in phil lebeau. lax is the sixth largest airport in the world and t3 where the shooting took place this morning houses lots of airlines, virgin america, virin australia, jetblue and others. have very heard any reaction from the airlines themselves to this incident? >> no, because they're taking a back seat, in terms of everything there is being controlled by the local authorities. we've heard of a few flights that landed, not heard of any going, airlines...
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Nov 26, 2013
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phil lebeau joins us from chicago, phil, let's talk about the icing problems, which planes are affected and will it be easy to fix it. >> well, they pretty much believe they can fix it with software, they believe they know what causes the ice to form, only in selecti cases where the ice forms, they say listen, we think we could have ice on particular routes. as a result, we won't fly the dreamliner on those routes, we'll put another plane on it. the engine facility engineers will figure out a fix. >> and any response from the airline companies how they feel about all of this? >> well, they're never happy, susie, they're never happy when they have to take a new plane out of service and substitute a different plane into that route. but having said that we're not looking at a widespread drop in service for the dreamliner. some of the airlines, the japanese airliners had had a few select routes where they have had to change out the plane. but it is nothing that will have a huge impact on the plane. >> tell me i'm wrong, phil, but is the dreamliner star-crossed? >> no, i don't think so. i kn
phil lebeau joins us from chicago, phil, let's talk about the icing problems, which planes are affected and will it be easy to fix it. >> well, they pretty much believe they can fix it with software, they believe they know what causes the ice to form, only in selecti cases where the ice forms, they say listen, we think we could have ice on particular routes. as a result, we won't fly the dreamliner on those routes, we'll put another plane on it. the engine facility engineers will figure...
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Nov 19, 2013
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phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those fires are the focus of the investigation. by the way, nobody was hurt or killed in either of those fires, of which elon musk referenced on twitter today, he's been tweeting out about the fact that they are now the focus of an investigati investigation. he writes what makes this incredibly unjust is that the model s to date has the best safety record of any car on the road an then puts in parentheses, no injuries or deaths ever. it is still unclear whether this investigation will actually lead to a recall. it's not uncommon that they will do an investigation and then at the end determine you know wh
phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those...
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Nov 5, 2013
11/13
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phil lebeau is behind the wheel in chicago for us. hey, phil. >> sue, you know with a stock like tesla and company like tesla a lot of people wait lot of crazy ideas about what's important behind the conference call. we've got the three numbers that you need to focus on and why they are the key to that conference call coming up on "power lunch." [ imitating car engine ] that's mine. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. get the best offers of the season now. lease this 2014 ats for around $299 a month with premium care maintenance included. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so
phil lebeau is behind the wheel in chicago for us. hey, phil. >> sue, you know with a stock like tesla and company like tesla a lot of people wait lot of crazy ideas about what's important behind the conference call. we've got the three numbers that you need to focus on and why they are the key to that conference call coming up on "power lunch." [ imitating car engine ] that's mine. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male...
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Nov 29, 2013
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phil lebeau is at a walmart in chicago. what's the story, phil? >> bill, a few protesters actually were walmart employees. it's quiet at this walmart on the north side of chicago but take a look at scene about an hour and a half ago. there were 75 protesters out in front of this walmart neighborhood market. and a dozen of them blocked off the street in front of the store. the police warned them to move. they didn't. they arrested ten of the protesters. two of them walmart employees. here's what one had to say as he was being led away by the police. >> i know i'm going to get retaliated tonight when i come in, but it doesn't matter. i'm 45 years old. and like i said, if everyone else had a living wage in chicago we need one too. we fight with everyone from cta to chicago police and fire departments, when they needed they raises they got them. we stood with them. we would love for them to stand with pus. this is working. it's not for me, it's for my workers. >> we reached out to walmart and walmart says, it does not retaliate. in fact, no associate
phil lebeau is at a walmart in chicago. what's the story, phil? >> bill, a few protesters actually were walmart employees. it's quiet at this walmart on the north side of chicago but take a look at scene about an hour and a half ago. there were 75 protesters out in front of this walmart neighborhood market. and a dozen of them blocked off the street in front of the store. the police warned them to move. they didn't. they arrested ten of the protesters. two of them walmart employees....
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Nov 12, 2013
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our phil lebeau is live in mexico with more on this. phil, good morning. >> good morning, becky, here at the new nissan plant, the second in this city this shows the kind of growth we are seeing in mexico when it comes to auto production, mainly for exports. take a look at the growth. not long ago, seen a million vehicles born in export out of next, who do year, 3 million. by 2017 it will be 4 million vehicles. mexico is now the eighth largest auto manufacturer, as far as a country, in the world, and quickly moving up the list, it will be in the top four by the end of this decade. this country is seeing an investment of $10 billion in new plants here coming in from mazda, honda, nissan, where we are at, audi and all because of the central location, low wages and perfect setup for exporting cars. >> mexico is really the crossroads of trade for the western hemisphere, if you think about it they have trade agreements with 44 countries. they are able to trade without tariffs, with the eu, with certainly the u.s. and canada. they have got an
our phil lebeau is live in mexico with more on this. phil, good morning. >> good morning, becky, here at the new nissan plant, the second in this city this shows the kind of growth we are seeing in mexico when it comes to auto production, mainly for exports. take a look at the growth. not long ago, seen a million vehicles born in export out of next, who do year, 3 million. by 2017 it will be 4 million vehicles. mexico is now the eighth largest auto manufacturer, as far as a country, in...
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Nov 5, 2013
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phil lebeau has been looking at that. this has been the momentum stock of the year. what did they deliver on earnings? >> it was better than what the street was expecting. 12 cents per share versus the street expecting 11 cents a share. there was a whisper number of 17 cents a share. some will be disappointed. when you look at revenues, light of what many of expecting coming into $431 million -- excuse me, a little above. $603 million versus $553 million. then the question of deliveries of the model s. this was the crucial number, maria. for the third quarter, tesla delivering 5500 model s vehicles. many on wall street were expecting closer to 5700 or 5750. keep in mind, tesla's own guidance was for 5,000 deliveries so they'll say, listen, we exceeded it by 500. again, it's all about expectations. 5,500 model s delivered last quarter. they did beat the street by a penny, earning 12 cents a share. back to you. >> the stock is -- well, initially traded down. looks like it's bouncing on that, on the chart. really an active chart tonight on tesla. want to get straight to
phil lebeau has been looking at that. this has been the momentum stock of the year. what did they deliver on earnings? >> it was better than what the street was expecting. 12 cents per share versus the street expecting 11 cents a share. there was a whisper number of 17 cents a share. some will be disappointed. when you look at revenues, light of what many of expecting coming into $431 million -- excuse me, a little above. $603 million versus $553 million. then the question of deliveries...
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Nov 19, 2013
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phil lebeau is following the story from the l.a. auto show. musk is saying why is my company getting so much attention over a few fires when normal gas powered cars have thousands of fires per year. is that a fair criticism? >> from his perspective it's fair. have you been following his tweets today? the most entertaining part of the auto industry today. back and forth between elon musk and the national highway traffic safety administration rebutting some of what his points are. start first off the question of this investigation, let's be clear, and the launch of the investigation. earlier today, elon musk put out a tweet saying on friday last week, tesla vp of regulatory affairs jim chen invited nhtsa senior staff to conduct a review of the model s, saying we invited the investigation. well nhtsa came out later in the morning and said nhtit i nhtsa' decision to open any formal investigation is an independent process. in regards to tesla the agency notified the automaker of its plan to open a formal investigation and requested their cooperatio
phil lebeau is following the story from the l.a. auto show. musk is saying why is my company getting so much attention over a few fires when normal gas powered cars have thousands of fires per year. is that a fair criticism? >> from his perspective it's fair. have you been following his tweets today? the most entertaining part of the auto industry today. back and forth between elon musk and the national highway traffic safety administration rebutting some of what his points are. start...
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Nov 7, 2013
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phil lebeau has details on that one. phil? >> and, bill, we're still trying to get exact details about what happened with this tesla model s fire. take a look at these pictures provided to us by the tennessee highway patrol. these are shots of the model s after the fire was put out. the driver was uninjured. got out of the car. he apparently drove over a tow hitch in the road. that punctured the battery compartment. by the way, as you're looking at this, this is the third model s fire in the last six weeks. and for tesla shares, it has added to what has been a terrible couple of days. in fact, this is the worst two day drop for tesla shares in more than three years. tesla says it is sending a team of investigators to tennessee to investigate what happened. as for the federal government, the national highway traffic safety administration tells us that it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. tesla has sold more than 19
phil lebeau has details on that one. phil? >> and, bill, we're still trying to get exact details about what happened with this tesla model s fire. take a look at these pictures provided to us by the tennessee highway patrol. these are shots of the model s after the fire was put out. the driver was uninjured. got out of the car. he apparently drove over a tow hitch in the road. that punctured the battery compartment. by the way, as you're looking at this, this is the third model s fire in...
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Nov 25, 2013
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thank you very much for that, phil lebeau. seems interesting when you lay it out like that in terms of the timeline. the question is, though, how long can the stock prove to be teflon going to the future? joining us from barclays, carter copeland making the bull case for boeing, and carter worth from oppenheimer who just added boeing to his sell list last week based on the technicals. i'm going to stare with the bear case, carter worth, why is this a sell? >> sure. it has to do with mechanical glitches. there's always mechanical glitches in a mechanical enterprise. we know a stock in a big ee lib yum, all of '10, '11, '12 range bound which has doubled moving from 60, 70, to 130, 140, the stock has everything in it that lies ahead. it's discounting now the very good backlog, robust sales, et cetera, so forth. it's not so much a question of the day-to-day headline as it is the stock has come a long way. we think it's a case for trimming longs, taking profits, writing calls, doing something. >> carter copeland, you beg to differ.
thank you very much for that, phil lebeau. seems interesting when you lay it out like that in terms of the timeline. the question is, though, how long can the stock prove to be teflon going to the future? joining us from barclays, carter copeland making the bull case for boeing, and carter worth from oppenheimer who just added boeing to his sell list last week based on the technicals. i'm going to stare with the bear case, carter worth, why is this a sell? >> sure. it has to do with...
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Nov 19, 2013
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phil lebeau joins us with more on that. good morning, phil. >> reporter: good morning, carl. have you seen the tweet from elon musk, about an hour ago he tweeted out the following, in regards to the safety of the model s. he said, why does a tesla fire with no injury get more media headlines than 100,000 gas car fires that kill hundreds of people per year? the reason he sent out that tweet is because the national highway traffic safety administration, due to a couple of battery fires, including this one outside of seattle, in the beginning of october, they're looking at the safety of these battery systems. now, nobody was injured in either of the two tesla model s fires. tesla, by the way, said it asked nhtsa to launch the investigation, which is interesting, because there are reports this morning that says, huh-uh, they did not ask for the investigation. at this point, it's unclear whether this investigation will lead to a recall of the model s, though when we talked with elon musk last week at the dealbook conference, here's what he had to say when that question. >> there's
phil lebeau joins us with more on that. good morning, phil. >> reporter: good morning, carl. have you seen the tweet from elon musk, about an hour ago he tweeted out the following, in regards to the safety of the model s. he said, why does a tesla fire with no injury get more media headlines than 100,000 gas car fires that kill hundreds of people per year? the reason he sent out that tweet is because the national highway traffic safety administration, due to a couple of battery fires,...
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Nov 20, 2013
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auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term planning we're only assuming 3% of our total sales by 2018 will be electric, still a small minority. >> let's show everybody the e-gulf here. you get 70 to 90 miles the first 70 to 90 in terms of the range there, electric. is the market right now saying, i need more range? do you still see the range anxiety question out there. >> that's certainly an issue but the role for this is specifically in terms of a commuting vehicle and people who know roughly their travel patterns and this is a vehicle that you can adj
auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the...
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Nov 5, 2013
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phil lebeau joins us from chicago with more on that. hey, phil. >> hey, scott. really three numbers we'll focus on. the main one that you alluded to, that comes down to model s deliveries. when you're looking at the trio of three numbers, they'll come out after the deliveries that will get the attention. key on whether or not it is above or below 5700 vehicles. above it see a lot of optimism, below that, say 5400 people saying should have done a little more, gross margins they're all over the place on wall street in terms of expectations. 16 to 20% generally speaking and will tesla raise its 2013 model prediction above 21,000. officially the expectation on wall street is for tesla to report q3 earnings of 11 cents a share, come up since a month ago at 9 cents a share. analysts expect tesla's third quarter revenues to come in at $553 million. then there's the wild card after the bell, and that comes down to elon musk, the ceo of the company. what comments will he be making on the conference call. for example, will he say something about when they are going to beg
phil lebeau joins us from chicago with more on that. hey, phil. >> hey, scott. really three numbers we'll focus on. the main one that you alluded to, that comes down to model s deliveries. when you're looking at the trio of three numbers, they'll come out after the deliveries that will get the attention. key on whether or not it is above or below 5700 vehicles. above it see a lot of optimism, below that, say 5400 people saying should have done a little more, gross margins they're all over...
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Nov 8, 2013
11/13
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phil lebeau is, in fact, on the gogo test flight right now. thousands of feet up in the air to see how all of it works. you making calls, phil? >> i am. i'm calming you guys, kelly. we're about 25,000 feet above connecticut right now. from newark. and this essentially the new gogo text and talk service. it's brought to the airlines in the u.s. in the first quarter of next year. now, they believe that most airlines in the u.s. will say, you know what, we don't want people talking on phones. so that's likely not going to happen. but you will be able to text, and that's a feature that gogo thinks will be very attractive to people who want to use their own phones to stay connected with family, friends, or to the office. and this text-and-talk feature, which they are rolling out in the u.s. is already being used on corporate jets throughout the world, and gogo has had a big response from the corporate market, because people are saying, i want to stay connected when i'm in the air, and this is proof you can do that. >> i wonder, phil, if you can giv
phil lebeau is, in fact, on the gogo test flight right now. thousands of feet up in the air to see how all of it works. you making calls, phil? >> i am. i'm calming you guys, kelly. we're about 25,000 feet above connecticut right now. from newark. and this essentially the new gogo text and talk service. it's brought to the airlines in the u.s. in the first quarter of next year. now, they believe that most airlines in the u.s. will say, you know what, we don't want people talking on...
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Nov 13, 2013
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. >> phil lebeau, thanks so much for that. we were talking about this just yesterday. how the stock was setting up and you get a snip of another fire. >> tim has been spot on. what's the trade here against yesterday's low and i don't have it in front of me. 140 was online. you hope you get the bounce. the mistake most people make, don't be disciplined. >> let the today's top trades here battle in the cloud. a preview of a new product called warp space. parts of a new service could potentially compete. >> that's the problem here. they also dro deuce a product called the app stream. here is the problem with amazon. they compete on price. they want to take market share and it is going right after their competitors. so to me, this is is a company that they missed when they reported a quarter ago. i thought they had a great trade in here and i'm out. no touch. >> facebook getting rejected today. >> i think snapchat was valued at a third of that. at a certain point i think this deal gets done. this is tl is is a price for everything. 46.5 we said it had a hold. >> it's ironi
. >> phil lebeau, thanks so much for that. we were talking about this just yesterday. how the stock was setting up and you get a snip of another fire. >> tim has been spot on. what's the trade here against yesterday's low and i don't have it in front of me. 140 was online. you hope you get the bounce. the mistake most people make, don't be disciplined. >> let the today's top trades here battle in the cloud. a preview of a new product called warp space. parts of a new service...
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Nov 29, 2013
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phil lebeau with some workers protesting low wages. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more important. energy lives here. ♪ >>> welcome back, everybody. it is black friday. and we're watching what's happeni
phil lebeau with some workers protesting low wages. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get...
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Nov 25, 2013
11/13
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phil lebeau joining us. forced to choose, dr. j., chrysler, ford, gm? >> ford every time. >> that chrysler deal will not happen. it's a bluff. >> you said first quarter 2014. >> it's not feasible. >> why? >> they're trying to extract more money from the ceo of fiat, the majority owner. this is the unions looking for a bigger share of what they end up getting for their stake. >> ford, i would choose ford every time. if someone asked you whether ford or gm was up. you would think that ford grossly outperformed gm. they are both up. >> investors betting it will need to lose service restrictions in iran's oil export, increasing global supplies, crude oil down, how much further could it fall? dennis garmin, joins us now on the fast line, dennis, great to have you with us. >> good to be heard, not seen this time. >> what is your take on the decline, in wti, a knee-jerk reaction? the reality of the situation is that iran would not be able to really get back online a lot of the production. >> well, it will be some while. they are not going to come online tomorr
phil lebeau joining us. forced to choose, dr. j., chrysler, ford, gm? >> ford every time. >> that chrysler deal will not happen. it's a bluff. >> you said first quarter 2014. >> it's not feasible. >> why? >> they're trying to extract more money from the ceo of fiat, the majority owner. this is the unions looking for a bigger share of what they end up getting for their stake. >> ford, i would choose ford every time. if someone asked you whether ford or...
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Nov 14, 2013
11/13
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our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay more for th
our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i...
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Nov 7, 2013
11/13
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cnbc's phil lebeau is following this story. hi, phil. >> reporter: hi, tyler. this is one that's still under investigation. we want to show you some pictures from the tennessee highway patrol. this is of the model "s" after the fire was extinguished. it happened yesterday, yesterday afternoon, in murfreesboro, tennessee. the driver, by the way, escaped this without any injury. the model "s" did not hit another car in this incident. instead is drove over a trailer hitch. that hitch that apparently punctured the battery compartment underneath the model "s." and again, the driver escaped without injury. this is the third model "s" fire in the last six weeks. remember there was one in suburban seattle, then one in mexico and now this one. tesla is sending investigators to tennessee to look into what's happened. what about the federal government? will it now investigate the model "s"? the ntsb says it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. keep in mind, tesl
cnbc's phil lebeau is following this story. hi, phil. >> reporter: hi, tyler. this is one that's still under investigation. we want to show you some pictures from the tennessee highway patrol. this is of the model "s" after the fire was extinguished. it happened yesterday, yesterday afternoon, in murfreesboro, tennessee. the driver, by the way, escaped this without any injury. the model "s" did not hit another car in this incident. instead is drove over a trailer...
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Nov 11, 2013
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phil lebeau is live in mexico with the latest. hi, phil. >> reporter: hi, maria. this is one of the hottest areas in the world when it comes to expanding and manufacturing. the reason why? more companies are pumping money into this country. in fact, when you look at foreign direct investment into the country of mexico, it will top $35 billion this year. much of that coming from the auto and aerospace sectors. and here's the reason why. they used to be putting most of it into china. but look at the difference in cost when you factor in wages and shipping, et cetera. the manufacturing outsourcing index makes it clear that mexico is a much more competitive place for many companies, including the ford motor company. >> mexico has proven to be a great source for our products, obviously, great high quality, the team members are very motivated. and there's a great, healthy supply base. >> reporter: there's another company that is benefiting from the boom in manufacturing here in mexico. kansas city southern, they control all of the rail lines up to laredo and into housto
phil lebeau is live in mexico with the latest. hi, phil. >> reporter: hi, maria. this is one of the hottest areas in the world when it comes to expanding and manufacturing. the reason why? more companies are pumping money into this country. in fact, when you look at foreign direct investment into the country of mexico, it will top $35 billion this year. much of that coming from the auto and aerospace sectors. and here's the reason why. they used to be putting most of it into china. but...
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Nov 5, 2013
11/13
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to phil lebeau from what we can expect from this market darling, phil? >> i think the three things that people need to focus on are deliveries, margins and maults italy what happens with production. let's start first off with deliveries. the key number to the model s, 5700 vehicle. if it's above that people will be excited. closer to 52 or 5,000 people will be a bit disappointed. gross margins expected to come in between 16 and 20% and the 21,000 for the production rate, the current production rate for this year, many believe that tesla may raise that to maybe 22 or 23,000. officially, the estimate from wall street is that tesla will earn 11 cents a share for the third quarter with revenue coming in around $553 million. but the wild card in all of this is what ceo elon musk says during the conference call. for example, is he going to talk about sales in china. will they begin by the end of this year as many are anticipating. what's he going to say about the model x or third generation vehicle. the conference call is almost more interesting than the numbe
to phil lebeau from what we can expect from this market darling, phil? >> i think the three things that people need to focus on are deliveries, margins and maults italy what happens with production. let's start first off with deliveries. the key number to the model s, 5700 vehicle. if it's above that people will be excited. closer to 52 or 5,000 people will be a bit disappointed. gross margins expected to come in between 16 and 20% and the 21,000 for the production rate, the current...
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Nov 26, 2013
11/13
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phil lebeau joins us from chicago. phil, what are the airlines doing to brace for the storm that's tracking up the east coast? >> there's not a whole lot they can do, scott. they're trying to remove aircraft from certain airports that are going to be in the direct hit of that storm, and whenever possible get the flights off. although there have been a number of delays today. take a look at the weather map. you can see exactly the problem here. you have a storm that is moving from the southeast up to the northeast, and right along the spine of the appalachian mountains. and in the path of that storm, a number of hubs for the airlines. when you look at shoum flights have been cancelled so far, according to flightaware, about 332 flights have been cancelled today, more than 600 were cancelled yesterday. and several of the east coast hubs, as i mentioned, they're right in the path of where this storm is going. fortunately, the storm seems to have dispated a little bit. still, you'll see pressure on the airlines stocks, and
phil lebeau joins us from chicago. phil, what are the airlines doing to brace for the storm that's tracking up the east coast? >> there's not a whole lot they can do, scott. they're trying to remove aircraft from certain airports that are going to be in the direct hit of that storm, and whenever possible get the flights off. although there have been a number of delays today. take a look at the weather map. you can see exactly the problem here. you have a storm that is moving from the...
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Nov 21, 2013
11/13
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phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties sign off. authorities say yes, we believe we have enough room for taking off. that's the takeoff we may see relatively soon. as for how it got here, the dreamlifter was carrying 787 dreamliner parts from italy, stopped in new york and was on its way to the facility in wichita, spirit air systems where it was going to be dropping off parts, picking up others. as the pilots were coming in on approach late last night, listen to the exchange between the dreamlifter pilot and the air traffic control tower. >> 4241 heavy, do you know which airport you're at? >> well, we think we have
phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties...
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Nov 25, 2013
11/13
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cnbc's phil lebeau joins us from chicago. three big stories that fall in your area, phil. first boeing soliciting bids for its new 77 x production site. who's in contention sp. >> it's too early to say any one location has an edge over others, although there are natural advantage certain locations have. here are a few of the cities we've confirmed independently as well talking with sources in the running for the landing the 777 x location. seattle, washington, because of the facilities there, long beach, salt lake city, huntsville, alabama, and the boeing facility in charleston. keep this in mind, boeing says it will not negotiate with the machinist union out there in seattle which is interesting because if they were to work out a deal at the last second, you wouldn't see anything develop, sue. but as it is right now boeing says it is moving forward and will make a decision some time early next year about a 777 location. i know that you asked the ceo about that last time you talked to him. very interesting. boeing advising airline about the risk of engine icing problems on
cnbc's phil lebeau joins us from chicago. three big stories that fall in your area, phil. first boeing soliciting bids for its new 77 x production site. who's in contention sp. >> it's too early to say any one location has an edge over others, although there are natural advantage certain locations have. here are a few of the cities we've confirmed independently as well talking with sources in the running for the landing the 777 x location. seattle, washington, because of the facilities...
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Nov 21, 2013
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phil lebeau, i've got it tell you what, i don't know who those pilots were, but tip of the hat to them because that was a short runway for a very large plane. >> reporter: you bet that they were all the way backed up to the end of the runway. i can't hell from here, but you've got to think that they were. that was a crew they brought in, the other crew getting its rest after landing last night. what they're going to do now, brian, they're going to circle around a couple times and then land at mcconnell air force base which, yes, it's only nine or ten miles away. but they'll land there, then they'll taxi over to spirit air where they're going to unload the parts that they have brought from italy for the dreamliner, pick up other parts and then go off on their destination. >> do we have any clear idea of how exactly the pilots got off course in the first place? >> other than the air traffic control tape, and if you listen to that, it's clear that they confused the runway at jabara with the runway at mcconnell air force base. they're nine miles apart, but they are lined up in the same dir
phil lebeau, i've got it tell you what, i don't know who those pilots were, but tip of the hat to them because that was a short runway for a very large plane. >> reporter: you bet that they were all the way backed up to the end of the runway. i can't hell from here, but you've got to think that they were. that was a crew they brought in, the other crew getting its rest after landing last night. what they're going to do now, brian, they're going to circle around a couple times and then...
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Nov 11, 2013
11/13
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phil lebeau is covering the story at a manufacturing plant in mexico where they have fair to say a new boom going on. >> they do, brian. a lot of people want to compare mexico with china and i've got four reasons why mexico's manufacturing base is not only catching china but in many cases passing it up. first off with shipping costs. we're talking about a 40 foot container going to the east coast of the united states, three days, $3500 from mexico, compare that now with 21 days and almost $4700 from china. that's reason number one. the second reason, and they're seeing it here at the auto parts plant, trade agreements with 45 countries, including brazil, as well as the united states, maybes it more effective shipping out of here and then you have the third reason, mexico has cheaper natural gas and electricity costs than in china. and finally, the labor force here is paid a significantly lower wage rate and it's also a youthful wage or utahful labor force here. >> mexico is not competing within mexico. mexico is competing with the rest of of the world. if you want to compete with china
phil lebeau is covering the story at a manufacturing plant in mexico where they have fair to say a new boom going on. >> they do, brian. a lot of people want to compare mexico with china and i've got four reasons why mexico's manufacturing base is not only catching china but in many cases passing it up. first off with shipping costs. we're talking about a 40 foot container going to the east coast of the united states, three days, $3500 from mexico, compare that now with 21 days and almost...
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Nov 14, 2013
11/13
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phil lebeau. >> both sides today are digging in. saying they do not plan ongoing back to the negotiating table. here's the contract that the machinists union, about 31,000 members, rejected. 67% voted no to a new eight year contract. the members unwilling to change the pension. again, that deal would have stretched through 2024. after the vote, here's what one union member said when asked about the possibility that this no could send the 77x somewhere else. >> if they choose to take the 777x down the path they take the 787 and commit corporate suicide, it's their business, not ours. >> boeing is actively talking with citying around the country about the 777x plant. it expects to bring several thousand jobs to where the plane is built. they would last well past 2030. five cities to think about. there are a number of other cities that aren't being mentioned. salt lake city, huntsville, long beach. they've all been mentioned as potential sites. real quick, maria, if you take a look at shares of boeing, they surged to an all time high t
phil lebeau. >> both sides today are digging in. saying they do not plan ongoing back to the negotiating table. here's the contract that the machinists union, about 31,000 members, rejected. 67% voted no to a new eight year contract. the members unwilling to change the pension. again, that deal would have stretched through 2024. after the vote, here's what one union member said when asked about the possibility that this no could send the 77x somewhere else. >> if they choose to take...
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Nov 5, 2013
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. >> tesla, phil lebeau has been saying it's all about the numbers beyond headline profits and sales figures. investors will be looking at three big things. model s delivery, 5700 of them. gross margins, look between 16% and 20%. anything higher, the stock will take off. anything lower, we could see a bit of a selloff there. then 21st century fox, reporting earnings as well. look for earnings of 37 cents a share on sales of $6.7 billion. they'll be looking to see how the cable television and movie business is for them and what it says about the rest of the business. back to you. >> media stocks in general have been red hot this year. my next guest says there's significant upside for select companies. the cable entry is undervalued. she joins me, bank of america jessica reef cohen, one of the top media consultants. and today she's naming names. good to see you. >> good to see you. >> you've been a student and leader in this industry for so long. >> thank you so much. >> what's behind the big rally in the stocks? >> the stocks have been on fire, it's true. a part of the reason for the
. >> tesla, phil lebeau has been saying it's all about the numbers beyond headline profits and sales figures. investors will be looking at three big things. model s delivery, 5700 of them. gross margins, look between 16% and 20%. anything higher, the stock will take off. anything lower, we could see a bit of a selloff there. then 21st century fox, reporting earnings as well. look for earnings of 37 cents a share on sales of $6.7 billion. they'll be looking to see how the cable television...
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Nov 21, 2013
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phil lebeau has more. >> a statement from the fcc and commissioner tom wheeler in regards to the possibility of allowing phone calls to be made on airplanes if they change the rules. he essentially says, modern technologies can deliver mobile services in the air safely and reliably. and the time is right to review our outdated and restrictive rules. technologically speaking, it may be time to review those rules. i should point this out, bill and maria. when they change the rules within the last month in terms of allowing people to use their devices below 10,000 feet, there was overwhelming evidence that people do not want other people to use cell phones on the planes. in fact, in one survey, people were more opposed to allows cell phone use than they were to allows passengers to be overintoxicated on flights. that gives you some indication of just how much people are against the idea of cell phone calls being allowed on commercial air flights. >> how would you like to be the guy that's sitting with everybody around you, using their cell phone at that time. i mean, they're making the change b
phil lebeau has more. >> a statement from the fcc and commissioner tom wheeler in regards to the possibility of allowing phone calls to be made on airplanes if they change the rules. he essentially says, modern technologies can deliver mobile services in the air safely and reliably. and the time is right to review our outdated and restrictive rules. technologically speaking, it may be time to review those rules. i should point this out, bill and maria. when they change the rules within...
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Nov 1, 2013
11/13
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phil lebeau is taking a look at the story. >> you're talking about the third largest airport in the u.s. for the most part, as we start to see airlines bring back flights, we've heard from different airlines around the country. out of dallas/ft. worth, american is telling people, wire in a hold, whether or not we bring back flights two, three hours from now. you're starting to see airlines away from terminal 3, they'll bring back flights first. the ones in terminal 3, it will be longer pp 37 you're talking about aljetblue, frontier, american. it will be a little longer. people are saying f they cleared the scene, we don't they start opening this up for flights again. it's not that simple. they want to make sure, a, they can get everybody back through security not only at that terminal but the other terminals as well. b, they'll be cautious and slow bringing flights back to los angeles. >> if memory serves me, there were new regulations put in a few years ago about how long a jet could stay on the tarmac before it had to be taken back to the terminal. but i sges those are suspended. we'r
phil lebeau is taking a look at the story. >> you're talking about the third largest airport in the u.s. for the most part, as we start to see airlines bring back flights, we've heard from different airlines around the country. out of dallas/ft. worth, american is telling people, wire in a hold, whether or not we bring back flights two, three hours from now. you're starting to see airlines away from terminal 3, they'll bring back flights first. the ones in terminal 3, it will be longer pp...
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Nov 20, 2013
11/13
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phil lebeau with the ceo of toyota north america. >> thank you, brian. joined by jim lens. as brian said a big day out here not only for you but for all the automakers. he touched on the question of fuel cell vehicles and the development there. how close are we to seeing more of a reality across america? >> i think you're going to see it a reality in 2015, some manufacturers in 2014. our first fuel cell available to the public in '15. >> the question the fin fa structure. john -- infrastructure. jonathan browning from volkswagen said there's a socket everywhere but not a hydrogen fuel pump everywhere. let's not get ahead of ourselves when it comes to fuel cells. >> the difference is in the case of a fuel cell our fuel cell as an example can refuel in three to four minutes as opposed to hours for a plug-in. in the range on our cell somewhere around 300 miles. so there's a big difference in the need for multiple infrastructure stations relative to electric. >> one of the stories getting a lot of attention out here and you're familiar with it is what's happening between tesla
phil lebeau with the ceo of toyota north america. >> thank you, brian. joined by jim lens. as brian said a big day out here not only for you but for all the automakers. he touched on the question of fuel cell vehicles and the development there. how close are we to seeing more of a reality across america? >> i think you're going to see it a reality in 2015, some manufacturers in 2014. our first fuel cell available to the public in '15. >> the question the fin fa structure. john...
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Nov 12, 2013
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our phil lebeau just talked with u.s. air ceo doug parker and amr ceo tom horton about the settlement. u.s. air ceo's tell cnbc that synergies will be greater than $1 billion which is what we said it will be. amr ceo horton telling cnbc with the divestitures of slots, u.s. air will be larger at reagan than before the merger. they have not decided what routes to cut but smaller planes into smaller communities. they expect the merger to close in the first half of december. the latest we have on this story. back to you. >> thank you very much for that, jackie deangelis. i would like to show you a chart of what crude oil is doing. below $93 for a barrel and this is the first time since june. sharon epperson a moment ago was telling us about where we can find the cheapest gasoline around. i think it was $2.66 in oklahoma. a function of what's going on with crude as we can see it's been dropping for the last couple months and now below $93 a barrel. >>> twitter hype losing steam, two analysts initiate coverage with a neutral ra
our phil lebeau just talked with u.s. air ceo doug parker and amr ceo tom horton about the settlement. u.s. air ceo's tell cnbc that synergies will be greater than $1 billion which is what we said it will be. amr ceo horton telling cnbc with the divestitures of slots, u.s. air will be larger at reagan than before the merger. they have not decided what routes to cut but smaller planes into smaller communities. they expect the merger to close in the first half of december. the latest we have on...
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Nov 27, 2013
11/13
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straight to phil lebeau. this is getting interesting, isn't it? >> it is. it's unclear whether this will impact any commercial airlines that are flying into china which is a booming market and have been for some time for airlines. let's look at the area that's in question right now. whether you call it the sea of japan or east china sea they are calling it the chinese air defense identification zone and the state department saying airlines need to be taking precautions to make sure they're safe flying this area and a statement saying we're attempting to determine whether the new rules apply to civil aviation and commercial air flight. we should point out as you take a look at the airline index we have reached out to a few airlines. they have not indicated change in their operations or making their flight plans going into china. clearly we'll be watching this over the next few days to see if that changes. what is interesting when you're talking about this dispute between china and japan is the potential impact this is going to have on japanese automakers. in
straight to phil lebeau. this is getting interesting, isn't it? >> it is. it's unclear whether this will impact any commercial airlines that are flying into china which is a booming market and have been for some time for airlines. let's look at the area that's in question right now. whether you call it the sea of japan or east china sea they are calling it the chinese air defense identification zone and the state department saying airlines need to be taking precautions to make sure...
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Nov 1, 2013
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phil lebeau joins us with the ripple effects that this incident is likely and is already having on eyre travel, certainly in the western part of the united states. with a ground hold if you're in atlanta and bound for los angeles your plane doesn't leave. >> no, you're sitting there. interesting note here is take a look at those flights that are already in the los angeles area. they've been essentially as they're brought in there in a holding pattern. few flights have landed. it's a matter of how much fuel do you have before they say we can bring new here and land you, and then we're going to keep you parked to the side or if they have to move them over to let's say john wayne airport out in orange county or one of the other airports out there in california. keep in mind it wasn't just the terminal where there were evacuati evacuations. it was the others as well. yes there will likely be rescreenings taking place because the concern from the tsa is was this just an isolated incident or is this one incident part of something larger, and that's why they're probably going to be doing some
phil lebeau joins us with the ripple effects that this incident is likely and is already having on eyre travel, certainly in the western part of the united states. with a ground hold if you're in atlanta and bound for los angeles your plane doesn't leave. >> no, you're sitting there. interesting note here is take a look at those flights that are already in the los angeles area. they've been essentially as they're brought in there in a holding pattern. few flights have landed. it's a...
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Nov 27, 2013
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robert frank is here, phil lebeau is there. some of the states, folks, with the highest taxes also have the highest populations of millionaires. rob, you run the numbers on this. >> yeah. >> what did you find? >> big debate whether high taxes chase out the rich. i took a state by state millionaire count and overlaid the tax rates on those. some of the highest taxed states had the most growth in mull it ty millionaires, california number one in glowing multimillionaire population over the past year. the number one state on a percentage growth basis was massachusetts, that's also a pretty high taxed state and number one city for growing millionaires was new york city. with a 12 plus percent tax rate. so again, this could be despite the tax hikes in these places, not because of them. but basically this shows little correlation in how many millionaires a state can grow with the tax rates. >> really speaks, i guess, phil, more to the vibrancy of the economy. sometimes the sheer scale of the economy. i guess it should be no surprise
robert frank is here, phil lebeau is there. some of the states, folks, with the highest taxes also have the highest populations of millionaires. rob, you run the numbers on this. >> yeah. >> what did you find? >> big debate whether high taxes chase out the rich. i took a state by state millionaire count and overlaid the tax rates on those. some of the highest taxed states had the most growth in mull it ty millionaires, california number one in glowing multimillionaire...
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Nov 21, 2013
11/13
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phil lebeau has been following the story, and he
phil lebeau has been following the story, and he
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Nov 20, 2013
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. >> our phil lebeau has been at the l.a. auto show today checking out the hottest new cars. he joins us with mercedes benz ceo steve cannon. >> thank you. we're in front of the cla because this has been red hot. tell us the type of buyer you're bringing in with the cla. >> all new buyers, conquest buyers. 80% of the those buying the cla are brand new to mercedes. trading in bmws, honda, toyotas -- >> mass market. >> that's what we were hoping for. those that sold in the 30,000 to $50,000 price point is significant. what's going on in the marketplace is you have luxury folks moving toward that point. and you have the mass manufacturers moving up. that's a battleground that's very significant. >> which brings up what happened in december, which is always huge for the luxury automakers. i was talking with one of your dealers yesterday and he said, boy, december is going to be a great month for the deals when it comes to luxury. how much more will we see this year compared to past years? >> for us it's going to be business as usual. fortunately, we have hot new products like the
. >> our phil lebeau has been at the l.a. auto show today checking out the hottest new cars. he joins us with mercedes benz ceo steve cannon. >> thank you. we're in front of the cla because this has been red hot. tell us the type of buyer you're bringing in with the cla. >> all new buyers, conquest buyers. 80% of the those buying the cla are brand new to mercedes. trading in bmws, honda, toyotas -- >> mass market. >> that's what we were hoping for. those that sold...
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Nov 13, 2013
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our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim
our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all,...
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Nov 21, 2013
11/13
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phil lebeau caught up with the head of the national highway traffic safety administration late yesterday about its investigation into tesla. >> once we made that decision and talked to tesla about that decision, they were more than open about saying we want the highest level of scrutiny, we want to cooperate with you at every level of this investigation. they feel strongly about the quality and safety of their vehicles. we have a lot of questions to have answered and the fact they're willing to step forward to the plate and be collaborative is a very positive thing. >> and tesla shares are well off their highs. but you really, you know, andrew you interviewed this dude. >> yep. >> you see an s. and i used to think, wow, is that a jaguar? what is that thing? >> it's an incredible car. >> it's not just the shape of the car. they did things like steve jobs. you know, form follows function or whatever the old, you know, architectural strategy. the guy is like jobs to come out of nowhere. gm and ford and all the others they've been trying to come up with this for so long. i see what he's sayi
phil lebeau caught up with the head of the national highway traffic safety administration late yesterday about its investigation into tesla. >> once we made that decision and talked to tesla about that decision, they were more than open about saying we want the highest level of scrutiny, we want to cooperate with you at every level of this investigation. they feel strongly about the quality and safety of their vehicles. we have a lot of questions to have answered and the fact they're...