you have to stories when it comes to daimler. the earnings as the black marker on the positive side you have the trump juncker trade truce. now, autos have had a really good day because of this trade truce between younger and trump. as the damage already been done? fromave poor auto earnings this month, from ford, from gm, even daimler warns today that had -- tariffs would hurt the city spends as of the weakness my continuing to next quarter. while there is optimism over this, in its early days, we are seeing the early pain slowdown into the bottom line. mark: daimler is interesting. achieved the middle of the world's biggest luxury carmaker. aging and itls are faces quite a few headwinds in various aspects of the business. heather: daimler also announced today it was streamlining its business model and it kind of shows also the challenges that faces with thery arrival of electric and driverless technologies and the changes they are supposed to make the business more nimble for this changes. autos have been one of the worst-perfo

daimler really stood out yesterday we got the numbers. down nearly 10%. there was a fire at a supplier plant in the u.s. where they make a lot of suvs. that had nothing to do with trade. trade is the big focus. friday, chinese tariffs are due to come in which will daimler exports from the u.s. to china. guy: we will keep an eye on that. sainsbury's numbers, first-quarter numbers this morning, are pretty much in line with expectations. there's some big news and some rather bad news. the big news is the general merchandise division. it follows three quarters of decline. it shows the progress they are making following their acquisitions of 2016. the bad news is the grocery numbers. mores the weakest gross in than a year and shows a struggle that they are having up against the discounters and revival of the other main brands. they're doing the merger they're proposing. reflecting maybe some consumer weakness. thank you very much. we are talking to tom mackenzie out in beijing. a nice little story about what happening with erickson. >> a nice win for erickson.

daimler off by 2.5%. chrysler off 3%. numbers at gm do not look good in terms of the trade tensions, how they are affecting that business. tuggedng talked lower -- lower as we expect tough talks between trump and juncker. we are seeing the dollar getting hit today as fitch says the united states will be hurt by trade tariffs. the canadian dollar, the yen up against it. euro trading in the red. we stall -- saw a little bit of stability earlier but we are on a three-day downward trajectory. the 50 day moving average is a bit of a technical looking at the upper bound for the euro. you might see some support if we get conciliar tory desk conciliatory tones coming -- conciliatory tones, but tomorrow ecb and theo the monetary policy differentiation between the u.s. and europe. here. i will take it from we are watching crude oil and we just got inventory numbers out. there was a broad drawdown across the different types of products. we saw a boost in oil prices and they have come off those highs, off 2/10 of 1%. one of the folks

enault and daimler certainly to watch at the open. vehicle checksd that did not comply with regulations and daimler is hoping deliveries for trucks, a precautionary measure, they found issues that could lead to a mission slightly exceeding limits under certain conditions. both of those stocks certainly to watch at the open especially after nissan took that hit. guy: some of the stocks we are watching. find all the stocks we are watching on first go on your bloomberg or mobile app. european features pointing higher as we head toward the open, which is now four minutes away. this is bloomberg. ♪ guy: minutes to go until the start of cash trade. let's look at the background stories. the pound barely budging. the david davis brexit exit doesn't have much of an effect. big week for the u.k. and sterling. chinese market rallying strongly. we're also seeing a decent move in the nikkei, the japanese on the move. 2762 right now, the u.s. economy humming along nicely. the s&p friday, payrolls doing well, up .8%. the trade story dominated the

daimler would be two of the biggest beneficiaries of the eu lifting tariffs on u.s. car imports. >> daimler and bmw would be big beneficiaries. because they produce so many cars. i have been in to the factory in spartanburg. they export something like tens of billions dollars -- $10 billion were the project -- products a year. ust is the likelihood of seeing no more auto tariffs between the u.s. and the united states? there is the idea that tariffs will not be increased. with that risk on the table, that is the positive news we could hear so far. matt: what about the rest of the world? there are still issues in with a number of automated -- automakers in the united states. does that figure for european carmakers as well? michael: part of daimler's profit warning was because they are going to have to face higher tariffs. that is the same for bmw. abouti am just thinking moving to the production of electric cars, the amount of investment it will take for a block of these companies. will that take a bite out of profits? michael: dialer was already warned today. signific

automakers daimler is higher despite following u.s. rivals, warning earnings would be hit by tariffs on steel and aluminum. and maker of mercedes-benz predicting arise in costs a full year after sharp drop in profit this past quarter. the french oil giant raised production target over the second time this year, accelerating its emergence from years of cost cutting initiatives. those shares up a third of 1%. nestle had a 19% jump in profit. sales first half topped analyst forecasts and exceeded last year's numbers which were the weakest for the swiss vendor since the 1990s. nestle shares up by almost 2% for the european close back to you guys. >> thanks. >>> let's get to sue herrera for a news update. sue? >> thank you so much, jon. here's what's happening at this hour you saw carl read the president's tweets vice president pence is weighing in as well, speaking at a religious freedom conference in washington, the vice president also says the u.s. will impose sanctions on turkey unless detained american pastor andrew brunson is released

goods you can see the german dax at 1% we'll talk about the stocks on the move today german carmaker daimler is stepping up its autonomous driving partnership with china's badu they kicked off the collaboration in 2017 in an effort to eventually develop the automated driving platform shares down 2% for daimler let's also talk luxury shares are rising to a record high after reporting strong profits during the first half of the year they are easing fears on interest from china. currently the luxury's biggest market showing chinese shoppers showing strong demand of the major brands, including louis vuitton. that stock up 2% those strong numbers elevating shares of french luxury company caring and ermez as well >>> meantime, trade will be the primary focus of tomorrow's european central bank meeting where mario draghi will be pressed for answers on how a deterioration in u.s./traeurope trade relations are. currency has lost 4% over the past three months. john, sending it back to you >>> thank you, seema now to sue herrera for a news update. >> good morning, john. good morning, everyone here's wh

peerses this compare with such as daimler and bmw? >> the initial range of 30 billion was several multiples above. now that they have seemed to lower the price range there talking about, it is a slight premium to peers like bmw and daimler. tesla as well. what does this mean for the company's ipo here? >> if they're not getting the valuation date were originally the valuation could become it in hong kong. they were planning on listing in hong kong as well as sweden doing to do a listing. this hong kong has -- market has traded. do you have any other clues as to the tries for the valuation? >> i think it is the hong kong stock market trading down. also, the peers like bmw and i might have been down since may when the 30 billion valuation target was made. rishaad: let's move it onto what is happening elsewhere with the ipo bonuses gaining popularity among chinese companies. a billion dollars. there are no strings attached in some cases. let's go to our asian tech reporter. >> we are starting to see a pattern emerging among all these tec

thosed daimler, mercedes, will be hit harder by tariffs on u.s. made vehicles. they make some other best-selling suvs in the u.s. and sell them to china. the whiplash you are seeing -- just last week china opened up its industry and reduced a 25% y.port lev bmw and mercedes are among the best selling cars in the country. for companies like tesla, for example -- they just recently reduced their prices in line with the tax, but maybe they will have to eat this new tariff. ramy: these car companies are trying to make heads and tails of these tariffs.let's bring in founderso automobility and ceo joining us from shanghai. listening to our correspondent there, there is a lot of back and forth. there are really no issues of good or positivity in that. where do you see this from your perspective in shanghai? bill: the global automotive industry, both in terms of demand and supply. when you increase trade barriers, you decrease competitiveness to everybody. impact toan equal both sides. abouts. exports to china 280,000 cars out of a 28.8 million unit market, so less than

we heard from daimler in the past as well. the soybean importers have been given them subsidies or some help to offset the pain. it is starting to form out. the economists say the overall impact is going to be relatively marginal. manus: thank you very much. tom mackenzie with the latest on trade tariffs. alexis gray is senior economist at vanguard services. one of the stories that i put to our guest yesterday, donald trump talking about basically tariffs on everything from china , but mohamed el-erian made the point that we are almost facing a ragan era moment. china can't keep up with this level of tariffs and they will go into negotiations. we are near the end of this process. there will be substantive discussions because they just can't make up the good. this is the u.s. imports to china and u.s. exports to china in the white. they can't keep up. think we are still relatively early in the trade story. perhaps the u.s. economy has softened a little bit. when you think about the strategy of the trump administration, applying

andas german carmakers yesterday from bmw, daimler, and they clearly liked what they were hearing and investors liked what they were hearing. stocks are up a lot today. the complexity in this is, can he enforce this? does he have the clout to do this? issue. conjugated trade the german side cannot just do this single-handedly. they cannot do a separate agreement. they would have to offer something to all of the wto members that sort of cuts along the same lines, so this is difficult to enforce but at least the starting point. mark: there was another report that the eu is looking at other fromsals, cutting tariffs the biggest car exporting nations, the u.s., south korea, and japan. is that workable? well, that is probably what they would have to look at. if you cut a deal with one side within the wto framework, you have to offer something to everybody else, so that is what the eu seems to be working towards. officials traveling to the u.s. with a proposal and we know trump is coming over to europe in the next week, so there does seem to be movement on this front. certainly, for a long

german makers in particular, daimler, bmw, falling significantly lower today. green in health care and food and beverage but a down day for commodities and automobiles. volatility,ical check out how much we rise in yields, seven basis points on the 10 year appeared by -- 10 year. will the finance ministers day? there is a division in a tie in politics and -- i kind in politics and the voice of region -- italian politics, and the voice of reason, could be out, the finance minister. the impact of the trump tweet. no dollar king, fx versus -- higher versus the u.s. dollar british pound up 7/10 of 1%. an important speech from the prime minister in ireland and from the eu negotiator michel barnier. key concern ongoing with that blueprint. much negotiation to be had. abigail doolittle has the latest on the u.s. >> king dollar no more, bloomberg dollar index down 6/10 of 1% and lows down more than .7% at that point and on pace for its worst day since march since president trump is threatening future tariffs against china and blasting the fed. stock investors not carin

havingxx 600 autos index its best day in two years, so investors to the likes of daimler and bmw are breathing a sigh of relief today. we are looking at this stoxx 600 year-to-date at the auto index. it has gained over 5% today but still down 7%, over 7%, year to date and one of the worst performing industries within the stoxx 600. whileuld also note that this may be good news for in terms of trade talks between the europe is only, one of the smaller numbers or smaller regions in terms of car imports to the u.s., mexico and canada actually import more vehicles into the u.s. we are still looking at the rising tensions there. vonnie: thanks, emma chandra, with our stock of the hour, fiat chrysler. mark: more turbulence could be in store for chinese conglomerate hna group after the sudden death of its cochairman in southern france. the death comes as hna is in a major overhaul to shrink debt. we report from beijing. >> the fate of china's hna group, a conglomerate with and the in asia, china, u.s., is in focus following the death of its cofounder, who died from a fall in southern france

year-to-date also hugely down, volkswagen, daimler. these are the big german manufacturers that all americans know about and they buy. these are the ones that will get hit. it's not just german exports to the u.s. but german cars made in south carolina and exported. the volume of trade, the value of those exports, because a lot of trade from china to the u.s. is low value, but the value is much higher end, it's autos. the other thing which i think this has hit late in peoples consciousness is trump has touted this as the big trade war on china he talked about china. initially europe was almost an after-effect it was sort of like collateral damage he announced steele a d steel am tariffs, and then there are no steel and aluminum tariffs, then suddenly everyone in the u.s. woke up and said do we have an opportunity here to go after the europe europeans? he's obsessed with cars. i think you're right. the markets have paid attention to this and the reason the dax is down so much is because of this wakeup. >> that's why we took our show to

volkswagen, bmw, and mercy it is daimler -- and mercedes daimler said it will cause irreparable damage to global business. the new populist government in italy wants to show markets it is not backing away from its agenda. the finance minister told bloomberg its first budget will tackle tax cuts and universal basic income. italian markets were rocked when the populace coalition to power. the trump administration's point man on north korea wants details on how kim jong-un plans to give up his nuclear arsenal. makes his third trip to north korea tomorrow. there are concerns that since the summit with president trump, kim has not been serious about denuclearization. robert mueller getting hisforcements to expand investigation into russian election meddling. careeraking use of prosecutors from the justice department and fbi agents. that is the sign he may be leading the groundwork to handoff part of the probe. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. tom: ve

daimler still up there. i has been watching very closely even on vacation with a possible story surrounding the tariffs. take a look at the losers here. rolls-royce is among the losers there. we know they sold off at least a small slice of their business. we also see some of the bigger companies that are making smaller moves, holding the stoxx 600 down. hsbc only down .6%. bp only down .4%. let's talk about the trade story and how european markets are reacting to it. let's talk about what we are going to get from the payrolls later on. asia rallying. that does it actually happened, what we saw with the chinese markets coming into the close at not the kind of 2% or 3% higher that would have sent a strong signal. the u.s. has imposed tariffs and we're waiting for the chinese to respond. the trade story is a reality now. the chinese are going to respond. from a market point of view, we getting into a position where we , thatly get to understand way we can take the fear element out of the story and markets can a

volkswagon, bmw, daimler among the biggest losers on the dax. >>> now over to michelle caruso-cabrera for a news update. >> here is what's happening at this hour. russia's defense ministry broadcasting video showing what it says is a successful testing of modernized ballistic missile defense system the test a day after showed a series of videos showing a new generation of nuclear and conventional weapons. >>> russia's ambassador to the u.s. says the meeting between president trump and russian president putin was a pivotal event. also said there was concern among nato countries ahead of the meeting. he spoke at a round table discussion in moscow. >>> the wildfire known as ferguson fire has grown to 33 square miles most evacuations are lifted near the city of corona >>> and tense moments as a semi truck dangled from a bridge in florida. crews rushed to the scene, managing toget it back on the bridge in 90 minutes the driver made it safely out of the cab. cause of the accident is not known. back to "squawk alley. >> thank you, michelle. >>> coming up, a tale of two ceos mark zuckerberg r

daimler is down. what would it mean to go to zero in the trump tariff war on cars? u.s., if you look at the the u.s. is 4% of the world's population and 25% of level gdp. global trade,om 0% trumps on -- tariffs on everything. his ideal for them, it is ideal for the rest of the world. beat nevada and a lot of different ways. thank you for being with us. a quick snac snapshot of how the world looks. what happens next? bg.p an eye on j will the bank of japan move and equity markets [inaudible] this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this is the european open. we are live from our european headquarters. my cohost guy johnson is out this week. the cash trade is l

shares of bmw, daimler and bolt wagon -- and vw among those arising. jean-claude uecker agreed to put -- jean-paul uecker agreed to put off the trade war. president trump says they will work toward having zero trade barriers. and shares of facebook have taken a dive. the social network lost $151 billion in market value at one point after recording second earning sales and user growth that missed estimates. facebook warned revenue growth will keep slowing. the company has been hurt by its failure to safeguard data, its policies, and changing rules for advertisers. and european central bank president mario draghi is likely to confirm today that the eurozone is back in relative of -- relatively solid health. he and his colleagues are likely to confirm that -- will end in december in interest rates could start rising next summer. and as you mentioned, a radical option for breaking brexit deadlock in play. -- imposing market conditions a northern island, while the rest of the u.k. break so after brexit. the problem is the plan would probably embrace the nor

i think that is why i ended up daimler drawn to politics. if i had grown up in d.c., i would not have liked it so much. i really appreciate the normal child of my parents gave me. mark: when he threw his hat in the presidency in 2000, he pose you out of school? he takes you on that remarkable experience. i don't think it is an appropriate environment for a 14-year-old or a. i think you knew that it was such an incredible experience. it shipped the foundation of my childhood and my youth. it was a fundamental experience in my life. weirdly, it is like all of these journalists have gone on to be so relevant now. john dickerson, jake tapper. these guys were young and up-and-coming journalists that are now on television every day. it really made me understand binary politics and the media. it fostered my love for politics. mark: what do you remember about john mccain had a bus called the straight talk express. it was an open at acceptable environment for a politician. >> it is a famous campaign. when he called me to recruit his campaign he said

daimler way up, but they actually missed, to your point. you might get lost in the shuffle a little bit. isx: what is interesting caterpillar comes out on monday as well, to talk about trade affects. that will be front and center. ofing up, matt hornbeck morgan stanley interest rate strategies will be joining us. ♪ s. ♪ alex: deciphering draghi. ecb leaves rates unchanged. investors search for clues on rate hike timing and qe reinvestment. more clarity. limits to growth. .nalysts hit hard at facebook zuckerberg loses 16 billion in stock in freefall. jean-claude juncker declares cease-fire on tariffs. >> welcome to bloomberg daybreak. it is earnings season. mcdonald's is out. mcdonald's beat on earnings per , a slight be on revenue. this is what i found interesting. comparable sales. it is a different story between the united states and overseas. in the u.s. they missed on comparable sales. overseas they beat. people were focused on how they were going to do. alex: mastercard is out. i want to pay that to that. talking about the consumer

. >> the big one is daimler, the german automaker gives you the option when you go on vacation your out of office auto reply can say, by the way, i'm on vacation. your e-mail will be deleted. if it's important, e-mail me after august 15th or send -- if it's really important send it to my colleague anthony mason. and my point is there's nothing to stop anyone -- boy. >> that all the time. >> please don't send your e-mail to me. >> but what's interesting here, that's a work problem. but we spend so much time on our phones not just because we're inundated with work e-mails but because of all these social apps we're connected to too. i mean, i love the idea of endlessly being sucked in as this guy on the bbc report says. it is a problem. how do you -- you have to disconnect your social life as well. >> you do. we are literally addicted in the medical sense. we get a little dopa mean kick every time we check every time someone likes us and so on. but you can fight apps with apps. there are these apps for android, there's one called offline. it's like a do not disturb on steroids. it blocks a

they've had a tough time so volkswagen, daimler, bmw, they're all doing well porsche is on the up side. here in the u.s., ford and gm are on the up side that's nice to see gm was $45 two weeks ago look at it it's now $39 even with a modest rally again, bit of a laggard for a while. china tariffs are obviously still looming, so there's concerns about slower global growth in general. but let me show you the banks. we had a great rally, still have it over in europe, all the big banks are up santander, all up 2 where %, 3%. but jpmorgan, very marginal. a lot of big banks have gone negative they were up first three minutes, then went negative right now. keep an eye on that. where are we the last two weeks it's been very, very defensive we're in a trading range 2,700 to 2,750 right now smack in the middle of 2,727 but the strength is coming from all those defensive groups that we really do not like to see as market leadership. we notably oversold industrials, semi-conductors and banks. when i say oversold, i watch short term trading, relative strength indicators. when you are below 30, you'r

the introduction, he was also in charge of the international separatio international operations what daimler left was nothing and has built it into their biggest growth portion of the company today. so he has a perspective both of being european, having been in international business and i think that he can add to that discussion in measurable ways. >> a lot will depend on that meeting between 2ru6r78 atrump european commission president. jim press, thanks. >>> when we come back, papa john's board of direct are tors ta taking new measures making sure its controversial founder does not gain much control of the company. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with a

but if you look at alabama south carolina two examples where daimler bmw have u.s. production facilities saying they are looking to potential job cuts i think one of the reasons the president treading lightly because we've had so many foreign car producers coming to united states, production facilities hire american workers so, again, this is very tenuous territory, that he is over right now and we hope that he doesn't overreach, american house holes people voted for trump extremely happy last thing he has done is back down. but i would say that he needs to really be careful here. >> you know, sometimes, sounds like -- me offering dietary advice i wouldn't go there with president was talking about i want fair some countries at a loss i discovery when it comes to light trucks we slap 20% tariffs on those that come from abroad we are not exactly saints on this issue i have to rely on averages that are put out by various countries the average tariffs if you will, how they all factor in together, we have among the world's lowest 3 1/2%, but canada, we are going after li

automakers have indicated in the past they're open to this that's the reason you see shares of bmw, daimler, volkswagen. they're all sharply higher and want to protect the trade surplus, guys f there's no tariff, they don't mind that they just don't want to hurt their imports coming into the united states. >> while we have you, phil, let's talk tesla we have breaking news -- meaning b-r-a-k-e, brake. >> it's not allegedly. the company has confirmed they have eliminated the brake and roll test as they were ramping up production of the model 3 the brake and roll test is a test that's done at the end of the assembly line by all the auto manufacturers where they are essentially check alignments of the wheels, vehicles are put up on a dimamometer. they believe that the test is redundant with the test they do on the braking and those features when they drive the vehicles before delivery and from tesla's perspective, it's redundant if we can speed up the manufacturing process, we're not compromising safety. that's why we made this decision there was never anything in what we reported and what othe

daimler facing higher cost is a import luxury models from china. trump is showing up in europe and nato. germany has been asking for more defense spending. trevor: i cannot see that. have no idea. people who follow trump in great detail don't see a pattern in the things that happen. francine: do you own german carmakers? a strong business there and has a value. the trade tensions are another wildcard to try to digest. i view it a bit like a central bank raising interest rates. effectnot have a straight away but will have an effect. the usual things like general economy confidence. but i think the economy is quite strong globally. intrigued on what you said about merkel praising the chinese. i have a growing feel that vision the past 20 years where i think the u.s. is making a major strategic mistake. even if you assume that this would bear fruit, 30 years ago it might have been clever but today, more south/south trade has been bigger the north/north trade. you see someone like merkel saying that, china has become germany's number one trade partner.

we heard from daimler. let's get some views from bangkok. we are joined by stephen olson at the hinrich foundation, and also the u.s. trade negotiator on nafta. how damaging is this sentiment? you can clearly see the businesses that are affected scrambling to make adjustments. at the same time, we don't know if these tariffs will stay, if they will be extended, if they will be doubled down. stephen: exactly. whether we call this a trade war, skirmish, or something else, we've moved into a new phase of this process. one thing to keep in mind is that although $34 billion in tariffs is a very significant number in its own right, as a percentage of the overall size of the u.s. and chinese economy, it is still a very miniscule percentage, really just a rounding error. the real dangers are the direct impacts on the economy. it is more the threat of escalating tariffs and the damage that might be done to business confidence and market sentiment. haidi: do you believe there are negotiations going on? the chinese toughened their stance recently, sayi

we've heard from a number of ceos the leader of daimler said the auto industry has lost a real giant. many of us have lost a very dear frejd. marry barra, general motors ceo, sergio created a remarkable legacy in the automotive industry and bill ford, chairman of the ford motor company, says his extraordinary leadership, candor and passion for the industry will be missed by everyone who knew him guys, i know we say this every once in a while that somebody is a giant of a particular industry in this case, it was not hyperbo hyperbole, it really is true about sergio marchionne and the legacy he leaves behind. >> he was so young. >> thanks, phil. >>> we're just past the halfway mark on earnings the biggest week this season the numbers have been strong, but rising costs have some market watchers concerned. >>> and this liquor store in san jose, california, just made one lucky customer a multimillionaire last night. does the liquor store get a percentage or just $100,000 flat that's not fair. we'll talk about that half a billion dollar mega millions lotto and tell you how much the winner i

. >> as you look at the shares of bmw, daimler, volkswagen, we know the story there they have all been moving lower on concerns about a tariff being slapped on european exported vehicles coming into the united states i asked andy palmer, i said, are you worried that if you add on tens of thousands of dollars to the price of a $150,000 or $200,000 aston martin vehicle that it will spook buyers and make them not want to buy the car? he said no he said anybody who has the means to afford an aston martin will continue to buy an aston martin even if there's a tariff. but he's hoping like many others here in europe that there is not an escalation of the trade tensions guys, back to you. >> before you go, i want to ask you about the other end of the spectrum when it comes to transportation, that would be the harleys. harley davidson on the hot seat with the president talking about moving production overseas to side step tariffs. according to a report in germany, that company has been invited to open a factory in berlin now. >> reporter: yeah, i don't make a whole lot out of there because i th

. >> daimler >> a few vehicles from china coming in here like the buick and vision, but that's really small volume relative to everything the bigger concern is if we see tariffs implemented on vehicles from germany or from europe, because that's higher, higher volume than china. >> right and all those parts, would be very expensive for the u.s. automakers >> yeah, the parts is everywhere the parts is everywhere. everybody is going to get hit with that. >> phil, thank you >> you bet >> we'll see what happens on that front a few key deadlines. the public comments end this week and then -- >> i thought you could just put a tent up and have new production it's not that easy come on, in the parking lot. >> maybe for elon musk >> when we come back, facebook is under new pressure. the social network's investigation into handling of edata see data seems to be widening. remember, a shortened session this day before the holiday tomorrow the employee of the year, anna. [music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer

we think the potential implications for daimler would the around $1.5 billion to $2 billion, but it remains to be seen if they still choose to shift those models to the u.s. clearly, there are economic choices that need to be made. they could be about redistributing the projects. china is one obvious example, particularly in light of the fact that the reese only dropped their vehicles. tom: i want to switch to fiat. your work on fiat is extraordinary. you have a free cash flow yield of 18%, which is off the chart. did they get put out of their misery? who was going to buy fiat? >> well, that's a question we get from a large number of investors, and i think for the sad and unfortunate circumstances over the weekend, many people saw him as the person to make one final deal before his retirement at the end of the year. theerms of who might potential, the names that come up are usually fairly consistent. been cited. that cited theer potential alliance of fiat chrysler and justin they might be open to do that alliance. historically it has always been volkswagen group but the weight of looks like

. >> if you look at european names, bmw, daimlerchrysler, daimler mercedes, all that, it is looking pretty good if we're on hold with these auto tariffs. stuart: i'm happy to say we got it right. if you get good trade news the market will stop itself. the market popped as we said it would. individual companies reporting earnings, starting with mcdonald's. better sales. do you know the value menu apparently is doing well. >> yes. stuart: you know that, do you? minor blip for the stock, down 60 cents. 158 the price. >>> parent company of dunkin' donuts, dunkin' brands, not such a rosy forecast. that is taking them down 1%. >>> under armour, strong sales internationally outside the u.s. nice bounce back, up 2.75%. under armour at 21. >>> better profits and sales at maker of tomahawk missiles. that would be raytheon. it lowered forecast because of annual cash flow going into the pension contribution, pension fund at raytheon. the stock only down 1.56. it is at $196 per share. >>> check the futures market. we'll be up 50 to 60 points at the opening bell. big drop though for nasdaq. >>> this is

it is a deal between n have you had yaw and also daimler and auto parts giant bosch. they're testing robot taxi projects happening in california. tests happen within a year, less than a year. they will use a.i. chips to power the fleet level 4, aand level 5, that would be fully autonomous. you may see the shuttle services in san francisco, in silicon valley area. watch for those. back to you. stuart: nicole, i will call that gee whiz. i call this gee whiz stuff as well. facebook, they're testing what's called augmented reality ads in their news feed. ash? ashley: look, there is the example on the screen for you. you can try on sunglasses, your virtual sunglasses, see what shapes look good on you, so on. means you don't have to do it in the store. figure out what you like, what looks good for you, order online. you don't have to leave the house. >> can i see what varney would look like? ashley: stu, try your makeup online like that. that would be good. a diet company say by using augmented reality, moving as opposed to static commercials, their sales go up by 77%. ther