fiat calls the lawsuit astonishing. plus — pulling a sickie. more than half of young british workers say they would fake illness to avoid going to work. is it a sign of bigger problems with today's workplace? and on the markets, global shares stumble on renewed us china tensions — as the us congress passes a bill in support of the hong kong protestors — drawing condemnation from beijing. we start in the us where general motors has launched a legal onslaught against rival car giant fiat chrysler. gm is suing fiat for racketeering, alleging it bribed officials at the united auto workers union for years — and seeking substantial damages' fiat says it's astonished at the lawsuit — which comes as it tries to seal a merger with france's peugeot group. from new york — samira hussain has more. general motors says fiat chrysler spent millions bribing during the years of 2011 and 2015. gm asserts the union made concessions to fiat chrysler that were not afforded to general motors. such as hiring entry—level workers than gm was allowed to. the

fiat calls the lawsuit "astonishing." plus, serving this up, the zero waste menu, how trainee chefs in paris are being taught how to prepare eco—responsible meals. and we'll be getting the inside track on mental health. one in four of us will suffer from stress, depression and anxiety at some point in our lives and we'll be talking to the founder of a therapy app that aims to improve workplace well—being. today we want to know, what do you think about people faking a sickie if they needed to take a day off at short notice. is it everjustified? have you been caught out? tell us what you think — just use the hashtag bbcworklife. hello and welcome to worklife. a disturbing number of tweets asking already if i have ever pulled a sick day... you will have to stay tuned to find out! macro a warm welcome to our new business show. now, would you fake being ill to avoid going to work? over half of young adults here in britain would, according to a survey of moral attitudes by the bbc. many also feel under pressure from a "lo

it's accused that there were concessions to fiat chrysler that we re concessions to fiat chrysler that were not afforded to general motors. such as hiring entry—level workers than gm was allowed to. it is tied to an ongoing federal corruption investigation that has led to 11 guilty pleas. fiat chrysler has responded by saying it is astonished by the lawsuit and it believes that this is just by the lawsuit and it believes that this isjust a by the lawsuit and it believes that this is just a way for general motors to hamper ongoing contract negotiations between fiat and the union, and also destruct the proposed merger between it and french carmaker peugeot. india is reportedly set to offer more than 300 companies such as tesla a set of factories in the south asian economy. monica millerjoins us now from them by. monica, tell us about this plan? the indian government is asking themselves, if vietnam can benefit from the us—china trade war, why can't we? so now they are considering a proposal, according to the bloomberg that obtained a report, that says they have big proposals when it

shares of fiat chrysler are lower down about 2%. responding to the racketeering lawsuit filed by gm. gm alleging its rival bribed officials for years costing it billions of dollars. fiat says this is an attempt to create a diversion from gms own problems >>> pay pal is buying honey for about $4 billion they have several products and works across about 30,000 on line retailers completing the stock hat trick, a mixed quarter for l brands stories that victorias secret did fall lower the company gave a rather upbeat outlook for the holiday quarter. >> and looking at congress live in d.c >> google may be taking a page from the political out look. >> first, it is car versus train. we wouldn't show it to you if anybody got hurt you have to see the rest of that video. you are watching "worldwide exchange." . thank you. ah, you could say that. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. non

that it made sense for gm and fiat chrysler to come together. what gm is alleging is that he tried to use union negotiations and sort of, you know, really screw up the contracts and put david: and a weaker position. the markets are reacting. gmt chrysler stock is down, is up. interesting reaction. cragg, thank you. always turn to you on automobiles. the worst of socialism was seen by this man when he would did forced labor behind the iron curtain before president eisenhower arranged for him to be reunited with his parents as a part of a spy swap. ultimately he rose to the top of the advertising giant, young and rubicam. he is concerned that capitalism is not doing what i can for society and the government must be confined to the constructive but limited role it has to play. theovernment cannot provide rules, guidance, and entrepreneurial spirit. government, must -- government must, however, have the guideposts and the regulations. i am hundred percent behind that. in fact, it isn't -- the government cannot legislate justness. business must reall

once the ford deal is ratified, the union will turn to fiat. chrysl >>> and fiat chrysler ant european auto make are psa, the parent oft peu plan a mger. as philebeau tells us the deal a prod would create global autut giant with plenty f advantages and sizable challenges. eporter: at fiat chrysler u.s. headquarters outside detroit, it may be time to change the sign, again. the parent of classic american brands like jeep and ram trucks plans to merge with pair ohs based auto maker psa, which sells peugot appear citron with you popular brands inurope. a 50 merger creating the world's fourth largest auto maker 8.7 million ned wreak vehicles last year. for psa adding jeep and ram brand along withheir strong sales in the u.s. is attractivel meanwh fiat chrysler would move into a company with the size and scale to afford the massive costs of developing electric vehicles. after reporting better than expected tarnings in third quarter, fca ceo mike manly would not discuss the proposed merger. instead, he talked abo the opportunity to grow sales of eect

fiat chrysler plans to defend itself against the lawsuit. meanwhile, the president of the united auto workers resigned yesterday. >>> google is making it harder for political advertisers to target specific types of people. the company said starting next year advertisers will only be able to target u.s. political ads based on categories such as gender, age, and postal code. google's also requiring ad verification for a broader range of political messages. the move follows twitter's ban on political ads that goes into effect tomorrow. >>> for the first time the education department has released information allowing students to compare earnings and debt averages. the move gives students the opportunity to see averages from specific college programs rather than at the school as a whole. the department's updated college scorecard website lets students search individual majors at a school. it also lets students see how much graduates typically earned and owed a year after graduation. >>> and starting today, taco bell will be testing new crispy tor

fiat calls the lawsuit ‘astonishing'. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. as always on the programme, you can be part of the conversation: a new bbc survey suggests that 40% of adults in the uk would fake a sickie if they needed to take a day off at short notice. is it everjustified? have you been caught out? tell us what you think — just use the hashtag #bbcthebriefing. lawyers for alleged victims of the us sex offender, jeffrey epstein, have welcomed a statement from prince andrew that he will cooperate with law enforcement agencies. they say he should go to the states immediately to speak to police. the prince has stepped back from royal duties because of his links with epstein, who killed himself injail. our royal correspondent, nicholas witchell, reports. he and buckingham palace accepted his position had become unsustainable. in a statement, prince andrew said: and finally and significantly: the tone was notably contrite, something of a contr

of both gm and fiat chrysler with regard to a lawsuit that gm is filing against fee at chrysler. in it, fiat chrysler is alleged to have disadvantaged general motors with regard to union negotiations dates back as far as 2009. they allege that fiat chrysler colluded with and had corrupted practices with the uaw and that led to disadvantaged scenarios for general motors with regard to labor and other costs in it, they are seeking substantial damages but that is why the shares are moving to the do upside, nearly 3% you can see in the chart there back over to you >> appreciate that good segue to get to our next interview. phil lebeau is at the l.a. auto show with a special guest. phil, i don't know if you were listening to dom if you want to comment on the gm suit you are the guy who knows this industry better than everyone else >> not surprising. talking with people at general motors, this is something that they have talked about for some time so i'm not surprised to hear about the lawsuit. we'll learn more later on today as we hear more from the attorney representing january mo ge

gm says the alleged bribery was authorized at the highest levels at fiat chrysler. shares of both auto makers dropped more than 3% inoday's trade. >>> brit ol myers said a late stage trial test to forkin cancer drugs missed the main goal of preventing curens of in some patients.ed they recommeo kin the trial unchange. shares of bristol myers fell a fraction. pg&e started hut thing off power to 150,000 commerce? nearly 20 california counties to help reduce the risk of wildteres fro exp high winds. the utility says the goal to restore power to the customers is by the end of the day tomorrow. pg&e rose more th 4.5% to 7.15. >>> after thebell, la-z-boy posted earnings missing expect augustss. .if you were tur reiler beat comparable store sales estimates for the company-owned retail segment pmt la-z-boy also raised the quarterly dividend 8%. shares initially fell in after hours tradinghe closing regular session down a frederic shun to 36.18. >>> ao afterhe bell, l brands reported mixed results with earnings in line with estimates butissed on revenue. the retailer saw a d

you've seen a nice rebound, but mostly fiat chrysler there's big potential for synergies. i was reading a note by evercore, the research analyst, saying the 3.7 billion synergies the two companies have announced they expect to be on the lower part of estimates. in fact, they could achieve more of that, to the tune of perhaps 2% to 3% of their overall combined revenue so certainly makes a lot of sense from a geographic standpoint as well. >> sticking with m&a, charles schwab will acquire td ameritrade in an all-stock deal, creating a new giant in the brokerage space with some $5 trillion in assets under management it comes, of course, as retail brokers are being put under a lot of pressure from disruptors in that space that offer trading commissions of near 0% so, this, of course, one way that they can try and keep their costs lower. shares in td ameritrade jumped more than 7.5% on the new of the deal that's expected to close in the second half of next year charles schwab, meanwhile, closed more than 2% higher. >>> and one other big deal we've been watching this week. share

the american carmaker general motorsrs has filed a lawsuit against rival fiat chrysler. motion accuses fca of bribing us union officials for years allegedly corrupting the negotiation process and getting unfair advantages. costing gm billions of dollars. also directly implicates former boss sergio marchionne died in twenty eighteen general motors says it will seek substantial damages fiat chrysler meanwhile has rejected the lawsuit is without merit describing itself as astonished by the content and timing of the legal case. statements just a gm was trying to disrupt its efforts to merge with french automaker psa shares of general motors dropped 23% fiat chrysler down four on wednesday. let's check in on the rest o of the day's tradingg action losses across the board is global trade tensions appear to rise wall street close downwards the dow jones losing about a hundred points. s shares of retailer target bucked the trend they jumped 12% on strong results. accordining to details released from the federal reserve's meeting last month central bankers unanimously rejected th

fiat chrysler down 4% and gm down 3%. the asset they defend themselves that the lawsuit is to disrupt its post under proposed merger with psa. jingle bells ringing all the way to the cash register for retailer lows and target. look at target spiking 14 and a quarter percent, lowes is up 4%. both reported better than expected results. target shares are at a record after they retailed the full-year earnings forecast but shoppers are throwing the discount when it comes to urban outfitters, here's what happened, urban missed on earnings after women's apparel underperformed in the quarter causing a flurry of higher discounts of stores and online, the stock getting hammered 15%. let me get to chinese companies that are taking hit after phase one trade deal. it looks to be very much in jeopardy according to the report. even ali baba which just made a landmark hong kong stock listing is not immune, we haven't done one and two thirds percent and jd.com 2.5%. we need to get back to austin and apples big moment, the tech giant displ

peugot and fiat chrysler turn to small firms for their merger. split $90et to million in advisory fees. they are leaning on smaller firms for advice. a number of them would be considered mini-boutiques. is being accused of discrimination by the former chief of staff. she says she was demoted twice after giving birth and her maternity leave was described as vacation. a complaint of bias has been filed. rejects the allegations. inen light had a bad month october, losing 6%. the firm is in the midst of a resurgence, following its worst year on record last year. the main fund lost over a third of its value. to make fewer, more concentrated investments. that is your bloomberg business flash. matt: thank you very much. we are now minutes away from the open. up next, we will look at your stocks to watch. itsnish lender is cutting guidance as compliance costs and negative rates fight. this is bloomberg. ♪ anna: welcome back. bank. focused on danske and looking at nokia. the third-quarter report did not contain much new on the money laundering scandal.

meanwhile, general motors filed a racketeering lawsuit against fiat chrysler, claiming the automaker bribed uaw officials to get a competitive advantage. fiat chrysler said it will defend itself vigorously against the lawsuit and questions if it's a move to disrupt the proposed merger with peugeot. fallout continues with prince andrew. the prince asked to step down from public duties. he's also saying that he's willing to help with any appropriate law enforcement agency with their investigations and that is what's happening now. cheryl: that was quite the bombshell interview, certainly rocked england and the royal family. thanks, tracee. lauren: take a look at your money right now. the start of the show, the dow was down 50 points and now down just 7. s&p could turn positive right now. the wall street journal is reporting that china has invited u.s. trade negotiators for more talks as they try to seal phase one. as we saw from jonathan hunt in hong kong, if the president signs a deal to protect hong kong, what does that do to the trade negotiations. still ahead, elizabeth warren defe

fiat and peugeot. fiat and peugeot plan to merge. to $47cap of close billion. emerge as the may biggest winner in the deal, since the talks were revealed. the other winners are the small advisory firms being hired. , tomated by freeman and co. split as much as $90 million in advisory fees. let's bring in chris reiter who has been covering the auto industry for years. clearly anl, this is acquisition, right? we can call it a merger but you is buying fiat, which is good for john elcon. ands: the elcon family agnelli family have wanted to reduce their exposure to cars since they took over, and this is the deal that gets them to a manageable state and automaker without totally getting out. matt: anna? anna: what does this leave us with, the picture for the big automakers? how will this entity stack up against the competitors? we are not talking about the world's largest carmaker being created. peugeotiat chrysler and still have the same problems in that they are mass-market automakers largely exposed to mature markets. fiat chrysler is mainly in the u.s. and have g

gm is saying they did things like allow fiat chrysler to have more entry—level positions and that was something that was not afforded to gm. this is all coming from a big federal investigation that led to several criminal charges against people within their executive body and within their executive body and within members of the union. gm has said they will sue for damages but have not specified how much. fiat chrysler has responded saying they are astonished by the lawsuit and wait for that to say they think it's just a way for them to really interfere an ongoing contract negotiations. you covered all the bases, thank you very much. appreciate it. the next half of outside source we will turn back both to impeachment inquiry in washington and prince andrew stepping back from royal duties. good evening. it's time to take a look at the weather elsewhere around the world before we talk about the exceptional heat across australia and the catastrophic wildfire risk here we will talk about the usa were we've also had wildfires and strong and gusty winds across the north of california are no

no comment from fiat, chrysler, and toyota. meantime ford, honda, volkswagen, and bmw are siding with california in the emissions fight. >>> i'm ken bastida at the live news desk, the inquiry into impeachment, those hearings ending just a few minutes ago in washington d.c. today's hearings wrapping up with kurt volker, the former u.s. special envoy to ukraine, changing his testimony. the earlier closed door testimony saying that he did subsequently find out there was an act to hold up aid for an investigation on the bidens. he also discussed rudy giuliani's involvement with ukraine calling giuliani a problem. at the also talked to tim morrison who said he did not find the july call inappropriate, but did confirm other key instances at the heart of impeachment inquiry in his closed door tomorrow. the biggest witness of the week will be up tomorrow. that's when u.s. ambassador to the eu gordon sondland will be in the hot seat. they'll also hear from laura cooper and david hale. watch it all live right here on kpix 5 and streaming

fiat chrysler shares see red after they prepare for themes for a gm lawsuit welcome to the show, no deal this year. there are big barriers to a preliminary or phase one trade agreement which could push negotiations into 2020 talks have tumbled over beijing's demand over tariffs and the u.s. demanding over property rights. >> so i can tell you this. china would much rather make a trade deal than i would. >> why haven't they? >> because i haven't wanted to do it yet. >> why haven't you >> because i don't think they've stepped up to the level i want >> the president toured the apple facility in austin, texas with tim cook. we have this report. >> reporter: the unlikely alliance between tim cook of apple and president trump continued in austin as the president toured the facility where they manufacture apple mac pro computers. those are the high end $6,000 plus computers that apple doesn't sell a whole lot of but they are made in the united states in austin, texas. the president has been campaigning on the idea of bringing jobs back to the united states he told reporters what is going to hap

keep an eye on fiat. there is legal action being taken. the it is saying that gm's lawsuit is unfounded. on tobacco companies. they seem to be increasing their guidance. five minutes to go to the market open. we expect to be weak at the start of trade. this is bloomberg. ♪ anna: a minute to go before the start of cash equity trading. let's use this minute to see where we are. it is trade once again. we are off of those lows in the asian section. we had some more positive comments coming through. we had a pullback from those session lows. we are expecting some weakness. markets getting open for thursday's trading day. let's see if that extreme level is being led by the at inflow of the trade narrative. is it all about trade or is it about liquidity? this is the extent of the weakness. on a day like today where you have the trade story dominating, you expect to see much of the stocks working in one direction. all of the sectors have been in negative territory. it is certainly worth bearing in mind. this is similar to where we have been. le

fiat meantime is astonished by the lawsuit. obviously we'll continue to dig deeper and deeper into that. >>> meanwhile "the new york times," you might remember this, we kicked off the week with smear piece in fedex highlighting business investment in the country. you look at the hard data theopposite appears to be not true. since trump took office business investment surged no longer driven by old smoke stack factories. here to discuss, business forum president hadley heath manning. business is sideways third quarter, year-over-year. we had a chart, it surged dramatically after a couple of years of a lull. >> that's right f you look at for example the congressional research service gone back looked at the trend. there is a pretty strong tie between policy making out come between business investment. a as a result of business confidence, long-term interest rates and incentives that congress and other lawmakers at the state level can offer for business investment. there is a pretty clear trend there. we have seen heel really high

gm is suing fiat over this. is the uaw helping or hurting the auto industry? kristina you have been looking at this. >> this is a huge image crisis for the uaw. let's focus on gary jones and vance pearson. pearson was actually charged and arrested for embezzlement of funds, money laundering, they are both being accused of work together and stealing 1 million dollars of member union fees to spend on fancy cars and other things. you have this situation. about two weeks or so to vote and remove them from their roles. then like you mentioned you have gm going after fiat for bribing uaw members and them taking it to get more favorable terms in the labor negotiation contract. so right now you saw -- maybe we could bring it up the share price of both of those companies dropped dramatically. but wow for uaw today. david: carol, you had the union workers out on strike getting $250 a week barely enough to cover food expenses for a week. >> this is a challenge. when anybody has a criticism of the free market and they say sometimes there's fraud, there's bad actors in any

one measure but pricing is far from the only challenge the summit comes as europe's biggest carmaker fiat spong begins production of its big bet in the mobility the idea the idea $3.00 is the company's 1st purely electric mass market model but infrastructure remains a major issue germany doesn't have enough charging stations to accommodate a large scale adoption of electric vehicles. our reporter was on site for us earlier she called the idea 3 thought songs do or die bad for its future they're planning to make respondents because the biggest plant in europe for electric cars which is huge and they're planning to actually produce 330000 cars a year and if you think about it in the 1st half of 295-0000 cars round about when you leave registered in germany so it does show about a lot of v.w. future is riding on the electric car and it's a very very big to make basically. now after that journey into the future of mobility how about a brief glance at the rearview mirror it's because our thought song is churning out its ultramodern e-cards as we heard there was once the production site of the

. ♪ caroline: general motors has hit fiat chrysler. it has to do with a bribery scheme that has sent united auto workers and officials to jail. gm says it cost $1 billion. gm alleges the late fiat chrysler ceo used bribes to corrupt the bargaining process. they had denied that executives -- amazon preparing to open stores. expansion could include licensing technology to other retailers. the new store format could launch as soon as october next year. uber reportedly will allow audio recordings of rides in the u.s. it is part of a new safety push. the feature will be piloted in some latin american cities next month. users will be able to report an incident and submit recordings to uber. that is your business flash update. joe: u.s. ambassador to the eu gordhan sondland testified today in front of the house intelligence committee on the hill, saying the president and really giuliani -- and rudy giuliani's dealings with ukraine constipated quid pro quo. >> mr. giuliani demanded that ukraine make a public statement announcing the investigat

the french carmaker peugeot and the italian american rival fiat chrysler have approved a preliminary plan to combine. the resulting company would rank among the world's largest automakers with a potential $50 billion market cap. out of the proposal, shareholders of each company would receive 50% of the combined entity. >> at the end of the day, you look at the details of the deal, it seems like fiat investors are gaining from the deal. peugeot shareholders are taking a higher risk. the deal is very preliminary. they have to complete it. it makes a lot of sense. more, and didg on a tremendous job of returning peugeot with profits that we have not seen for a long time. >> bloomberg has learned that chase morgan is considering relocating several thousand employees out of the area to help rein in costs out of a possible economic downturn. they said they are committed to the new york area. >> last year, they announced this huge headquarters they will be building at 270 park. they said we are recommitting ourselves to new york city. they have quietly been building up locations in lower-cos

fiat chrysler has denied the allegations. we should mention that it would implicate the late ceo, sergio marchionne. losses will significantly worsen, so they are set to scrap their dividend payments. the ceo was talking about the performance of a number of businesses just not being satisfying, what they said the company would press ahead with the sale of its elevator unit. francine: thank you so much, annmarie hordern. extremely ins hel-positioned right now and told bloomberg exclusively that there is no need to change. toward ourhe center position as the leading wealth manager in the world, leading asset gatherer in the world. -- the need of an individual investor to save money and invest money is something that plays very well to who we are. so we are extremely well-positioned to capture growth in that sense. so you have all the chess pieces on the board. the more exacting question is, are you at the right scale? is it the right scale to take it forward? >> we are the largest wealth manager in the world, not only because o

fiat chrysler and peugeot announcing a merger this week. by aot is 12% owned chinese motor corporation. has the united states taken a look at that deal? mr. kudlow: not yet. we will, obviously, look at it very carefully, but not yet. jonathan: but has the president said? mr. kudlow: the president has not commented on that deal. jonathan: do you think it is worth having a look because of the sensitivity around chinese owned companies? this is one of the big detroit car companies in the united states, part owned by a chinese motor corporation, because of its ownership of peugeot. mr. kudlow: we will take a careful look at it. we want to do business around that it isproviding to our benefit, the united states' benefit, and i presume the other country, too, but president trump is here to defend the u.s. economy and the american workforce. with respect to the chinese story, we obviously are alert and on guard. we have to make sure that whatever china business develop its occur do not occur to the detriment of not only our economy, but our own na

>> the fbi was created through executive fiat the attorney general at the time charles bonaparte wanted the just a part justice department to have its own investigators to work cases and went to congress to seek the authority to get these investigators in congress said no for go they were afraid of having a federal police agencies spying on average citizens so they rejected the proposal echo when congress adjourned prose that roosevelt gave the attorney general the authority to just hire the agents. and by the time congress came back the agents were already hired and there was a story in the newspaper about the leaked documents of congressional corruption and he said is it they are trying to protect themselves and change that and a drastic way so with the attorney general's promise he would keep this agency in check they let it go forward. >> an early lesson how fbi manipulates washington politics. >> so with the radicalization and violence so what do you mean? >> when teddy roosevelt started the fbi his argument was this was an agency to hold the most powerful to account businesses peo

fiat chrysler is the last company to settle on a new contract with the union. leland: new information in the collapse of part of that hard rock hotel. watching the crane come down, why i.c.e. agents are now involved. ♪ ♪ ♪ may your holidays glow bright and all your dreams take flight. lease the c 300 sedan for just $399 a month at the mercedes-benz winter event. hurry in today. this is the epson no more buying cartridges.. big ink tanks. lots of ink. print about... this many pages. the epson ecotank. just fill and chill. what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app makes today's xfinity customer service simple, easy, awesome. not my thing. laura: nfl wide receiver terrell pryors reportedly in critical condition after being stabbed at his p

no timetable has been announunce >> the ceo of psa group says the planned merger with fiat chrysler should not result in the scrapping of any brands. carlos tavarez said while cost savings are projected to be miminimal, management plans s to increase s savings over time wih an annual target. it would create the fourth largest car company. takesill do whatever it to get a green light from eu regulators.. juul will stopop selling mint flavored vape e pods. it comes on the heels of two studies released shohowing the flavors high population among teen vapors. it is likely to have an effect on their bottom liline. u.s.counts for 70% of sales. regulators are getting ready to unveil their plan to remove nearly all flavovored vape juice from the market. some young people see it as a necessary step. a college student, i -- it is such a prevalent issue. i have seen people in my higigh schoololnd college getting addicted to it so young. it is a good thingng. >> france has scrapped plans to build a shopping and leisure center outside paris. envivironmentatal issu a are the main reasosons cited. o ofcs

look at fiat remember when they got the deal and they said, we're going to sell a lot of fiats in the u.s look around. how many do you see right now? they're slowly just kind of fading away. it's really tough to sbroointro new brand. >> it's a shame. the 206 was a pretty hot sports car back in the day. phil lebeau, thanks very much. appreciate that. speaking of hot, starbucks ceo kevin johnson appearing on "squawk on the street" earlier today. he hit on a lot of things with jim and carl and growth in china. one of the big topics. he also talked about the u.s. food delivery business following grubhub's disappointing earnings earlier this week. listen to this >> i think delivery will evolve in the u.s., but right now, unless you have a very high ticket, the delivery costs are prohibitive to the consumer. so people have to invest delivery companies will have to figure out a different model that enables thatprice to be a lower price to the consumer. >> delivery continues to be a battleground let's send it over to rick santelli with a check on the bond market in chicago hi, rick >> hi. wha

fiat chrysler denies those allegations. still, a stunning develop that shows just how hard it is for car companies out there right now. coming up on the program, more highlights from the new economy forum in beijing. lots of headlines, some confusion about trade, some optimism on trade, and the market really goes nowhere. this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. alix: this is "bloomberg daybreak." the market is pretty calm today. s&p futures pretty much going nowhere. president trump last night blaming everything on china, but then we have a more off a bit of stick -- have a more optimistic outlook from china's vice premier. i did want to highlight banks in europe. the bunde

but also another big loser would have to be the fiat chrysler workers. the unions are supposed to be trying to get them the best deal. you know, if they did indeed line their pockets at expense of their workers, it could be the worst thing for the union movement in a long time, a long time. reporter: people are already mad at them. if this comes to fruition, you could get, you think membership is down now? get a lot worse. charles: jeff, thank you very much, my friend. thankthank you. reporter: good to see you, charles. charles: president trump tweeting recently bringing the word nationalism back into the mainstream. great job, rich lowery important book. he is here. why nationalism should not be a dirty word. most of the democrat took the stage last night and duked it out. who won the messaging war? didn't seem like it persuaded mike bloomberg just moments ago he made a major move. we'll tell you about it when we come back. imagine a disease is caused by too much of a bad protein, but a company develops a way to actually attack it. what drew me to capit

represents not just in the minds of many colleagues but huge numbers of people outside, an active executive fiat. i completely understand why very large numbers of members are much more comfortable staying where they are. mr. stewart, if you don't like it, you are perfectly entitled to your view. i couldn't give a flying flamingo what your view is. thank you very much. david: mp's who followed the speaker to the lords were booed. [shouting] [booing] david: two weeks later, they were back after the supreme court agreed with the speaker, who seemed even more emboldened by his impending departure. >> welcome back to our place of work. david: welcome back, if not for long. the break did not appear to have calmed things. >> calm yourself, man. i am very concerned for you. i am telling the honorable gentleman what the position is. don't mix it with the chair. i am on my last day. the best thing about switzerland is not its chocolate or watches. it is not its financial services. the best thing about switzerland is roger federer. i want to thank my wife and my three children. for the support, stoicism,

on the one hand, you have general motors, toyota, fiat chrysler siding with the trump administration against california. but then youou had this slew of other totomakers including ford, honda, and volkswagen which have sided with california's right to set pollution limits. why this division? whot pretty much reflects is most scared of trump and who is furthest along in coming up with cars that can meet emission requirirements. all of the automakers know better. they all embarked on a course of lower emissions since the obama administration. general motors, toyota, those people are just trying to suck up some more gravy for a few more years. it is a disgrace. the same disgrace is happening in the utility industry, happening in agribusiness, happening everywhere where everyone is trying to maintain their business model just a little while longer. those are the years that will break the climate system. amy: let's stiti with california. on sunday, trump threatened d to pull federal fununding for the wildfires ragiging across california. in a twitter exchange with governor newsom, trump t

early this year he persuaded fiat chrysler to build a new plant. that would mean 5,000 new jobs. the mayor needed to assure those companies that detroit could supply well-trained workers. but: >> duggan: our residents didn't have the skills to meet many of those jobs. and jamie dimon had j.p. morgan chase do a whole analysis. and it led to the program we have today, what we called detroit at work, one of the largest employment agencies in the country, where we now get detroiters, line them up for jobs at fiat chrysler, line the areas. >> stahl: from here they're sent to job training programs, which, based on j.p. morgan's analysis, have redesigned their approach. >> duggan: we took all of the training programs in the city, and they now only train for jobs people are hiring for. which may seem obvious, but it wasn't before. >> stahl: many of the training programs are run by non-profit groups like focus hope. so this kind of thing might be at the chrysler plant, for instance. >> dimon: yeah. >> stahl: that got a $1.3 million grant from j.p. morgan chase. he's just trying to control

first up, look at fiat chrysler. nice move here along with peugeot. both looking to get their mergers signed, sealed and delivered as early as december. or by december 25th, the very latest. that according to sources. the merger will create the fourth largest automaker by sales. shares of fiat up 3%. peugeot better by 3.25%. >>> racing to new all-time highs. it's ferrari. ticker symbol race. the luxury automaker beating on third quarter earnings estimates, thanks to strong sales in the v-8 and v-12 models which were 9% and 8% higher respectively. the prancing horse also looking to enhance its brand through new apparel, entertainment offerings and luxury products which include an agreement with armani and a new restaurant in northern italy. shares of ferrari, better by 5% right now, $169.42. >>> auto makers of course heavily reliant on robotics to put together their cars and assemble them and while many fear the robot will one day take their human jobs, automation is not a dirty word at one robotics plant in the swing state of pennsylvania. that's wher

ford's, fiats, ferraris, some of the manufacturers try to put their best foot forward and catch your eye, hoping you will notice. this year's a star of the show is a chevy? >> there's some really neat cars. we got the new corvette. >> reporter: for the first time in the long history of the corvette the engine is long no longer in the front, it is now a mid-engine sports car. the body is radically different than anything chevy has ever produced. this is not a prototype. it is the final production model. the one that you can buy. >> that the bugle car. >> reporter: are you a sports car guy? >> i am now. >> reporter: are you a chevy person? >> not overall but i do like corvettes. i like corvettes a lot, i like the body, but not thrilled with the color, not the color. >> reporter: you can pick your own color. the aston martin club is here and you'll find a collection of cars identical to the ones in various james bond films. like this 2005 vanquish . >> had the opportunity to pick one up used a few years ago. and, i thought, you know, midlife crisis, go for it. >> there are historic cars

spread to fans and slicing machines as well as the phone's fault and after world war 2 the beetle the fiat's $500.00 as mr bubble color gave western europeans mobility helped lay the foundation for tourism. relatively affordable as they could travel by long distances so people could could use them to go away on holidays where people can drive to places that they wouldn't have been otherwise been able to visit and kind of you know suddenly experience a whole other world. in the 960 s. many cars and just began to customize their wheels as with this american low rider . bumps the problems course began mounting congested roads and negative effects on the environment now more and more developers began dreaming of sikkim and attacks. that could be again a scene bold freedom again because you don't. get stuck in traffic we can design a better world. anyways to do that but i think we can draw a lot of lessons from the changes and the impact the car has had on the past 130 years of history both for good and for bad to understand how we might think again the future of mobility watch when i am ability

what you plan to do next are we going for example to see the joint patrols moving closer to teller a fiat and then bitch for example. or the. issue of. the 100 and the start of the. problem i'm very attracted to that i've taken because of this was a brand that almost was it was. very the cauldron of the internet was the only way out almost a distinction that it. took a broadcast from the regular progress to english when the boom of what. we did. so to be clear from your perspective as turkey's minister of defense as the fighters are still present in the state so. the other. kind of call on. us it was when i was a busy. woman. called mr o'connor the visit. to another church that i come to. as of this show is the united thank you videos. probably a test of us will not touch the indomethacin any that will get every seconds when called into their lenders bulletin that i'm going to tell my children who stole it was recorded so i'm sure they will know them because when the one i got the optimus . was committed alienated holland on the bus or that it was a terrorist it. was those. ships all over

a chance to check out the latest and for the fiat, and roary's. even feast your eyes on the new corvette c 8. >> that's a beautiful car. >> are you a sports car kind of guy? >> i am now. >> are you if chevy person? >> not overall but i do like corvettes. >> that show runs through monday. >>> yikes, down she goes. a marcher they're not to the ground after being hit by a nutcracker balloon during the macy's thanksgiving day parade. they were struggling there to control the giant inflatable balloon due to the strong winds. officials considered grounding the balloons, but they do decided to allow them to fly lower than their usual height. apparently, it caused some problems. >> thanks veronica. >>> of next the new addition in the broadcast booth for the golden state warriors. so that early retirement we planned. it's going ok? great. now i'm spending more time with the kids. i'm introducing them to crab. crab!? they love it. so, you mentioned that that money we set aside. yeah. the kids and i want to build our own crab shack. ♪ ♪ ahhh, you're fina

peat buyers are a primary reason ford, gm and fiat chrysler dominate the pickup market. but they're also working to develop their own electric pickups. nothe big three start-ups like lordstown motors and ribeon will soon come out with ev trucks of their own. which is whyieany bve tesla, sswith so much suc building electric cars, could break the big three's stranglehold on pickups, but after seeing the cybertruck, some analysts think it will be no moreic than a model. >> this is more of a brand-building event than anythi else. elon has played way too much minecraft over the last several that's what allows him to connect with the kids out there. tesla plans to start selling the cybertruck in late 2021. with models priced between 40 and $70,000. as elon musk rolls out a new image for theri an pickup truck. report,chicago.ghtly business >>> still ahead, an investigation into a brazen ticrime that's h retailers' profits. ♪ ♪ >>> the fcc vote dodd blockel americanom companies from using federal funds to buy huawei equipment. the cmission designated huawei as a national sec