26 Burst results for "Cox automotive"
New vehicle sales dip as coronavirus continues to spread
"Tells us that we have been seeing some troubling sales trends. After two months of somewhat steady rises, New vehicle sales are dipping a bit while the use market is going great guns. COX Automotive chief economist Jonathan Smoke says. For last week use sales were up 4%. Well, new retail sales were down about 25%. Inventory is a problem, particularly in the new market. But judging by the activities so far in July, it looks like the use market has a bit more gas in the tank to deliver a more solid alive then, and we initially thought another concern, says smoke the rising number of covert cases, particularly in markets that had been seeing strong sales. Jeff Gilbert W W. J pretty Go night, 50 straight out of
Media Surprised by Tesla Registrations Despite Shutdown
"Everybody robbing our here today we were talking about a number of different reports on tests registrations in the united. States in the month of April and May tussle stock, despite some of these reports finished the day up one percent to nine hundred ninety one dollars, seventy nine cents that compared to the Nasdaq up zero point two percent all right so as much as I would love to skip this topic because I think a lot of us know where this is. Is Heading. Most of the Tesla headlines today are related to a Wall Street Journal article published this morning titled Quote Tessa Registrations Plunge in California data tracker, says and quote, then leading off the article with quote, registrations of newly purchased Tesla vehicles plunged critical California market over the past two months according to new data underlining the challenge chief executive Elon, Musk faces to keep investor enthusiasm that has helped propel the company's share price and quote the Wall Street Journal Journal cites data from Dominion Enterprises which apparently tracks registrations in twenty four states that make up about sixty five percents of the US market, and in those twenty four states they say that Tesla registrations declined thirty three percent to fourteen, thousand, one, hundred and fifty one vehicles during the first two months off cue to the media, then seemed to go full, shocked Pika Chew Mon and read a whole bunch of articles about this highlighting Tesla's quote, unquote plunging registrations so. So I thought had a little bit of fun with that with the today. Apologies for that, but the point here is that this should not be surprising at all. People seem to have forgotten that Tesla. Had Their factory shut down for seven weeks from late March to early May as we know. Tesla is somewhat unique in that their registration or sales, information correlates strongly to their production rather than simply being an indication of demand like we might see from. Cars we can easily see this in the inventory numbers. If we look at Tesla, they had twenty days of inventory at the end of Q. on of March that comes right from their shareholder letter, and if we look at a company like Ford, for example, they said that at the march they had one hundred days of inventory so twenty days of inventory doesn't get. Get you too far when you're factories, shut down for fifty days compared to if you had one hundred days of inventory in stock like four does according to Cox Automotive, many brands actually had more than one hundred days of inventory at the end of March including Honda, jeep, Cadillac, an Acura and many others, and then even on the low end. They have KIA as. As the lowest brand at forty three days, so Tesla's inventory is about twenty to twenty five percent of the average and half of that of the lowest other brand in the US. The other important consideration here when we look at April and May specifically for the United States is that because Tesla restarted production in early, may that only gave them a couple or A. A few weeks to be able to produce vehicles ship them over to Europe and have them delivered within Q. Two, so with that being the case, obviously a very small amount of vehicles produced in May are going to actually be allocated for the North American market, so yeah plenty of reasons for us to expect registrations to have been down year over year in April. April and May in the US definitely not shocked Pichu type of situation, even with all that being the case in the same article, The Wall Street Journal says that Dominion Research says that the industry fell forty three percent in April and may remember. They have tussled down thirty three percent, so even without much inventory, Tesla is still outperforming the broader industry. You actually interpret. Interpret this as relatively bullish report. The other thing that I want to talk about briefly is the actual number here. So they said that registrations were fourteen thousand, or so in the first two months of the quarter and remember that's four states that make up about sixty five percents of the total US auto market. Tesla probably penetrates a little bit higher in those markets. Markets, because it does include California, so if we assume that that's about seventy five percent, then that can point to a number of about eighteen thousand five hundred vehicles registered in the United States in April, and met now I'm not putting much weight into these numbers, but that number does seem extremely reasonable. We know that Tesla began the quarter with about thirty thousand vehicles. Vehicles in inventory, so if we assume about half of that inventory, or about fifteen thousand vehicles were in the United States at the end of March then for us to have eighteen thousand vehicles registered in the US in April, and may sounds like a pretty reasonable number, if tussle were to sell off some of that inventory mentor, and then we add in deliveries from. That are probably not entirely allocated for Europe as well as Mata. Why if anything I see this report? As a low weight indicator that things are roughly on track. One less thing. I wanted to point out on this. The street did run article separate from my page on this topic and I didn't really love the headline. They reach out me, gave me the opportunity to add some context, and then actually included all of my comments in the article on this
A Fiat Chrysler Merger With Renault Would Create 3rd Biggest Car Maker
"Support for this podcast and the following message come from American pest as the leading provider of safe, sustainable pest control solutions across the DMV. Let American past help you to take back your home or business from menacing pests visit them today at American pest dot net. Fiat Chrysler is proposing a merger with the French automaker Renault, Reynaud says it's considering it, this merger would be a big deal. It would create the world's third biggest car company after Toyota and Volkswagen. Here's NPR's Camilo domino, sqi, a merger this big would be striking, but not totally surprising. Fiat Chrysler has been looking for a partner for a while. And there, there are limited partners available. Michelle crabs is an analyst with auto trader and Cox automotive. She says, meanwhile, the French Renault had a long standing alliance with the Japanese automaker Nissan that was working. Well, and then things went awry, when former CEO Carlos gone was arrest. Sted in Japan for alleged financial misdeeds and things have just been unraveling now both fiancee's and Reynaud are eyeing their options when it comes to who though partner with as they prepare for big changes in the industry. Many major, automakers have already been partnering up over the last couple of years. There are two reasons first after years of record growth. The auto industry is starting to slow down and that decline is expected to continue. Meaning fewer car sales less revenue at the same time, automakers need to be making big investments in the future things like electric vehicles and self driving cars, and it's a tough one, because you're investing in something that isn't profitable today isn't going to be full tomorrow, but might be profitable might be essential in ten years time. Mark Wakefield is an automotive consultant at Alex, partner's upstart companies like tesla and even ride hailing services like Uber and lift. They're bringing new competition. In response established carmakers are closing ranks towards each other to be able to share costs and to be able to invest through this like on. That's really what's driving a lot of these merger discussions in partnership discussions to Reynaud has been making electric vehicles for years, while Fiat Chrysler, has been lagging behind its decided to focus on money-making brands like Jeep, and ram, big pickups, and SUV's. Plus, it has premium brands like Maserati Reynaud is pushing smaller low cost vehicles Fiat Chrysler thrives in the Americas. Particularly in the United States. Reynaud doesn't sell cars in North America at all. But it's a major player in Europe and Russia that also like a pretty good fit. One has small cars in the other big trucks, one offers luxury vehicles. The other goes down market, but they feel have problem which is trying to Felipe Munoz is an analyst at auto researcher Jada. Dynamics. He says, neither company has a foothold in the crucial Chinese market. Then there are the practical problems of merging and not in another culture. I know the more factories that's more people to teach to work together, which Fiat Chrysler, has to do already since the merger that made it back in two thousand fourteen Blyleven cries which are Italians on American that way only but he's not an easy thing. And it would be even harder if you try to preserve the French Renos alliance with Nissan of Japan, another complication Reynaud is part owned by the French government and has strong unions. The want to preserve local jobs, Fiat Chrysler says the deal if it happens would not result in any plant closures. Camilo dominancy, NPR news.
"cox automotive" Discussed on Newsradio 950 WWJ
"But Cox automotive chief economist Jonathan smoke says it's just a six-month reprieve on one part of a multi part trade issue that doesn't remove the lingering uncertainty that essentially causes manufacturers to struggle with making long-term investments. The White House today also ending tariffs on steel and aluminum from Canada and Mexico. Jeff Gilbert, w w j you Freddie go nine fifty. Meantime, Mexico's national chamber of the iron and steel industry. Congratulating the country's officials on the agreement reached with the US on ending steel and aluminum tariffs chamber says, in a statement posted online that it considers the deal a strong and very positive step for industry in the entire region. It also calls it a great advance toward ratifying, the new trade deal between Mexico and the United States, and Canada, the chamber says, free and fair trade in the region favors the competitiveness of North America on Wall Street markets closed lower Friday. Dow industrials falling ninety eight points. WW J business editor Murray Feldman says trade talks with China, have reportedly broken down. And the news sent stocks south footwear has been a big trade concern much of it comes from China, footwear company, wolverine worldwide of Michigan hit a new low today could be trade related the stock fell twenty seven cents one percent. Plymouth based perception hit a new low today. They have blamed weak financial results in part due to uncertainty over the trade issue. Companies holding their orders back perception is now sitting.
What if we just ... closed the border?
"Full disclosure, I suppose that whole close the southern border thing. Not my original idea. If we don't make a deal with congress the border is going to be closed under percent, President Trump obviously in the Oval Office today. White House aides had been hemming and Haworth all day about whether the president was really serious about his threat to close the border with Mexico security is his main concern, the president says, and as you just heard he is completely serious except the economy. Sure, there will be avacado shortages and whatnot. If the president goes through with his threat, but let's think really big here, shall we say the entire American automobile industry. Marketplace's Tracey Samuelson gets us gone. Let's start really small with a car seat the leather. Phone a little electric bit. That moves it forward and backward and changes the incline. Many of those bits were made or symbol in. Mexico says Keith head a professor at the university of British Columbia along the way, it may have gone back to three four times across the Texas border in Mexico. I'm back to the US and without a certain piece. You can't make a seat that seats can make a car like that story about the for the want of a nail. The battle was lost automakers. Simply don't stockpile their parts they have them delivered as they're needed. And there are lots of parts that can only be sourced in Mexico says Kristen g check with the center for automotive research. We would see a ripple effect pretty quickly. I think within a week. We would shut down almost all of the US auto motive industry. Yeah. Shut down within a week. Michelle Krebs is an analyst with auto. Trader we saw that with the earthquakes in Japan? There was one electric component. It's shut down a lot of plants not just Japanese but American ones because that's where they got that this. I would be much much bigger. In fact, Charles chess, bro and economist at Cox automotive says, the consequences would be so dramatic you the president do this for more than a day or two without we'll make no economic zone. So we something like this in place. The added supply chain between the US and Mexico is so integrated one simply can't function without the other.
"cox automotive" Discussed on News 96.5 WDBO
"I wanted to tell you about a vulnerability going on right now with the US mail and why you should really look at it walking mailbox and then later yet. The way you get glasses. Is starting to change. And I wanted to fill you in on the changes that are wallet friendly, and maybe fashion friendly too. So new Stetson from research done by a group called Cox automotive. Finds fifty average price people actually paid for a new vehicle last month was an all-time unbelievable record amount of money thirty-seven thousand oh, seven thirty seven thousand. Oh, oh, seven dollars. That is beyond my imagination. That's what kind of money people are paying because that is a frightening figure to deal with and. I I mean, you can't go back again because I can tell you the first property I ever bought was a foreclosure that. I bought for thirty six thousand dollars for a two bedroom. One and a half, bath condo. And I still own that all these years later. And now the average price of a new vehicle is exceeding that. So gosh, that's a problem. And so if you pay.
"cox automotive" Discussed on KNX 1070 NEWSRADIO
"You're listening to KNX in-depth with Mike Simpson. Charles Feldman about eight years ago. General Motors son of a resurgent American economy emerging from the government bailouts financial crisis. Put the automaker on the brink of bankruptcy today. GM entirely different different kinds of scientists sign of a possible. Sinking auto industry GM is killing production of several of its passenger car models, including the innovative plug in hybrid volt. It will also cut fifteen percent of its salaried workforce in North America. All part of a sweeping six billion dollar cost cutting plan. Joining us now is Michelle crabs who is an auto industry analyst for auto trader and Cox automotive. The president says, well, what GM should do is in effect? Just start selling better selling models that doesn't sound like it's that easy to do though. No. It's not what we have seen is a dramatic shift in consumer preference away from traditional cars like the Chevy Cruz that's made in Lordstown Ohio that was mentioned in your piece to utility vehicles. And now what what GM announced today is the plants the Lordstown Ohio plant a plant here in Detroit do not have their eliminating the products that they sell that they sell that come from those plants. There will be an opportunity for those plans to bid on some future models that we don't know what those are. But next year is a negotiations year with the UAW, and that's always one of the hot topics during those negotiations is who's going to get the future product this. Transformation as it's being called. What is it geared towards you mentioned models? It will sell a bit better. What about way into the future? I mean, if they're positioning themselves for self driving or more electric within the volts going away. So so what are they aiming to do with this? Well, there's the short term, and there's the long-term right now GM needs to make as much profit as a can and get rid of businesses and vehicles that don't make money replace them with a business that does make money because they are spending a tremendous amount of their resources on developing electric vehicles and autonomous vehicles for the future. And right now, there's those are not profitable businesses. So they they need to use today's money to finance the future business is there anything the president can do has the power to do to change this outcome in terms of GM. That's a bit out of my league. But certainly the tariffs have been an issue. They're costing Ford set a billion dollars a year that the aluminum and steel tariffs are costing them. And as well as other may there's I have to believe the GM is in the same boat and subtle trade issues. One of the things the auto industry is a very long lead business. It takes four years to develop a new vehicle, and they need some certainty into what what the gate rules of the game are things like tariffs and trade issues. What does this do down the line? I mean, other companies and manufacturers depend on these models being produced because they make a part Ford or something like that. Well, they'll they'll they won't have orders for those parts, but again, supplier companies certainly can bid on future product business. You know, we just they're very secretive about what future products are coming down the pipeline. So they will definitely have an opportunity to bid on that business to replace it. This is what happens all the time in the industry cars certain vehicles, go away new vehicles, replace them. And the, you know, the supply base gets to bid on those just as the the plants. Do you have your ear to the ground? So to speak on the auto industry. Are you picking up any anything sort of bad vibes that other companies US automotive companies may follow suit they already have? I mean, Fiat Chrysler a few years ago decided there was no future in the traditional car business. They got rid of most of their car lines Ford earlier this year. Announced that it was pretty much getting out of the traditional car business and focusing on SUV's and trucks, with the exception of the Mustang. Of course. And you know, they've got some new products in the pipeline that will fill in the gap that of course, they're keeping secret. What happened with the the volts to just never catch on the Chevy, volt was kind of an interim technology. It's a plug in hybrid bench GM came out with the Chevrolet volt with the b and that's a fully electric car. And so people what looks to me like having people that were buying the volt decided I want an all electric vehicle and move to the bold. There will be many more choices of electric vehicles going forward. One of the reasons I think they haven't caught on is. They don't make a sport utility. And that's what people want so make a sport utility electric vehicle. And I think we will see those in the future. All these articles are talking about how they've got an eye on the economists future. But nobody knows if that's going to be successful. Or how commonplace it's going to be. But they're not the. The only ones I mean, everybody's got one eye on that. If it's even five ten twenty years away five ten twenty thirty years away. Nobody knows exactly. And and it's not just auto companies that are in that business. Obviously Louisville is one of the leaders with its Waymo division. It's already got a Thomas vehicles out there. So it will be definitely part of our future. How quickly it rolls out. And then what form that remains to be seen? Michelle Krebs auto industry analyst for auto trader and Cox automotive KNX in-depth continues.
"cox automotive" Discussed on 760 KFMB Radio
"I wanted to tell you about a vulnerability going on right now with the US mail and why you should really look at walking mailbox and then later yet. The way you get eyeglasses is starting to change. And I wanted to fill you in on the changes that are wallet friendly, and maybe fashion friendly too. So new stats in. From research done by a group called Cox automotive finds that the average price people actually paid for a new vehicle last month. Was an all-time unbelievable record amount of money. Thirty seven thousand seven thirty seven thousand seven dollars. That is beyond my imagination. That's what kind of money people are paying. Because that is a frightening figure to deal with and. I. You can't go back again because I can tell you the first property I ever bought. Was a foreclosure that. I bought for thirty six thousand dollars for a two bedroom. One and a half, bath condo. And I still own that all these years later. And now the average price of a new vehicle is exceeding that. So gosh, that's a problem. And so if you pay the average price of.
"cox automotive" Discussed on 760 KFMB Radio
"I wanted to tell you about a vulnerability going on right now with the US mail and why you should really look at walking mailbox and then later yet. The way you get eyeglasses is starting to change. And I wanted to fill you in on the changes that are wallet friendly, and maybe fashion friendly too. So new stats in. From research done by a group called Cox automotive finds that the average price people actually paid for a new vehicle last month. Was an all-time unbelievable record amount of money thirty-seven thousand oh, seven thirty seven thousand. Oh, oh, seven dollars. That is beyond my imagination. That's what kind of money people are paying. Because that is a frightening figure to deal with and. I I mean, you can't go back again because I can tell you the first property I ever bought was foreclosure that. I bought for thirty six thousand dollars for a two bedroom. One and a half, bath condo. And I still own that all these years later. And now the average price of a new vehicle is exceeding that. So gosh, that's a problem. And so if you pay the average price of.
"cox automotive" Discussed on WTVN
"And Cox automotive says average prices are also up three percent to just over thirty seven thousand dollars mostly because people are buying pricier SUV's and crossovers, but all that is putting a damper on sales mixed October numbers from auto makers a Z breaks down the US big three. Fiat Chrysler sales were up by sixteen percent last month. When compared with the same month a year ago. This was pushed in part by thirty eight percent increase by the dodge brand Ford Motor Company on the other hand dipped by three point nine percent. Last month sales of the all new expedition, though, jumped by seventy four point seven percent, General Motors post sales numbers quarterly and last month's reported a decline of just over eleven. Percent yesterday, though GM announced during the third quarter. The company posted a profit of two point five billion dollars. A Lisa Z NBC News Radio. Meanwhile, October auto sales were down for Honda and Nissan, but up for Toyota, Subaru, VW and Kia despite GM's higher-than-expected profit. It's also announcing efforts to cut about six point five billion dollars in costs. And a big part of that is buyout offers. There are being extended to about eighteen thousand white collar workers in North America. That's four salaried workers with at least a dozen years of service. The company has about fifty thousand salaried workers in the US, Canada and Mexico workers have until November nineteenth to decide. Whether they want to take the offer now that halloween's over retailers rolling out their black Friday sales ads and looks like Kohl's was the first this year before all the candy was eaten calls at a sixty four page circular posted on its website. And for the second year in a row calls will be open on Thanksgiving Day at five pm, but JC Penney says it will be open three hours earlier. Black Friday will start at J C Penney at two in the afternoon on Thursday and run until ten. Cli- Friday night and penny. Also finished a close second to calls for.
Flu season is coming. Is your family prepared?
"Ninety near eighty in the mountains and deserts into the mid nineties not too much change as we head into your Wednesday. Then high pressure rebuilds over the area that means a warm up for the second part of the work week and into the weekend was on California's most accurate and dependable forecast. I'm CBS to meteorologist Danielle Gersh KNX ten seventy NewsRadio out sixty eight Pasadena sixty nine Lancaster this one against sixty six degrees. Seventeen Cal fire apparently has a pilot shortage and it's causing it to ground air tankers during the summer wildfire season. This is according to the Sacramento bee that says as many as six planes at a time, we're being affected because of staffing, they blame the shortage on a number of factors. We talked about staffing, including retirements private companies. Hiring Cal, fire pilots and the fires into lie. The kept pilots working nonstop the volcanic activity has he up on the big island of Hawaii. Hawaii volcanoes national park is on track to reopen several areas later this month after closing back in may because of the killer way of volcano eruption. The National Park Service is planning to reopen several trails roads and popular sites on September twenty second including the killer way of visitors center, the overlook at a stretch of the crater rim trail between volcano house and akilah way of military camp at the same time. Hawaii county officials say they need eight hundred million dollars to recover from the volcano disaster. Matt piper CBS news five eighteen can't actually gotten any emails or contact from European traditions office saying time to get the shot. I did doctors across the country encouraging patients or parents to take their kids in for flu shots. Get ready for the flu season. CBS news reporter, Laura Podesta says the American Academy of pediatrics recommends the shots over the nasal spray saying it has provided the best most consistent protection. Well, no vaccine offers one hundred percent protection. Dr Mahdavi Kapoor of NYU Langone health says symptoms can be less severe for people who get the shot. You're far less likely to have complications. And also be hospitalized. As a result of the flu so much better to have at least some protection than at all. Yeah. The last flu season ranked among the most severe on records. Former coastal your show star acting teacher, Geoffrey Owens responding to job shaming. He was outed as a trader Joe's cashiering some photos posted online then number stars look to us defense. But on ABC news this morning Owens worst to J badge with pride said, nobody should feel sorry for him. There's no job that's better than another job. It might pay better. It might have better benefits. It might look better on a resume and on paper. But it's not better every job is worthwhile. And valuable been working at trader Joe's for more than fifteen months up. Lamenting his income. It's an acting directing teacher says he feels he's more a celebrity now than when he was on the Cosby show Aretha Franklin's families upset over a eulogy given at her funeral. Where's the? Family. Members of Retha Franklin say, they believe the eulogy delivered. At her funeral was inappropriate calling. It distasteful. The eulogy was delivered. By the Reverend Jaspar Williams junior who described kids being in a home without a father as abortion after birth and said black lives do not matter unless black stop killing one another Franklin's family members say they expected a eulogy that concentrated on her life and legacy a spokesperson for Williams released a statement on Monday, saying he respects the families viewpoints. And that he's sorry. They feel that way. Ingrid Kelly four CBS news. Detroit's twenty. Well, if you're online video seem a little bit slower, it's not your imagination according to new research from north eastern university and the university of Massachusetts Amherst, the largest US telecom companies are slowing internet traffic to and from popular apps like Netflix and Amazon prime video. The researchers used a smartphone app called we heat attract the online speeds among US wireless carriers. Youtube is the top target of throttling. Now, car industry experts think we're gonna see a big jump in new car sales for August over last year's figures, but not necessarily because of a big boost in the momentum heading into the fall Cox automotive and Edmonds both agree if the numbers come out a lot higher than last August, it's likely because of hurricane Harvey which hurt August sales by about two percent. When it hit last year as far as Wall Street goes, oh, red arrows, s&p futures are down about four and a half points. Nasdaq down twenty down on the red now by seventy seven from the his Cox small business insurance money desk. I'm bloomberg. Steve. Potus KNX ten seventy NewsRadio five twenty one at KNX. And now the head of the state Democratic Party is saying forget that whole boycott thing of in and out. We'll tell you more in less than two minutes. It is five twenty one. We have in-depth team covers reporters covering more stories to Cal State LA Margaret Karan's now on the investigation KNX, ten seventy John. Thanks, more facts, Figaro IBM Santa Ana with striking news for southern California. Twenty four seven a story. This is next ten seventy NewsRadio. Depend on us. I'm Jay Farner, CEO of Quicken Loans. Buying a.
"cox automotive" Discussed on Newsradio 950 WWJ
"Company affiliates and other insurance discount not available in, all states or situations time five forty three are you thinking of, moving Aban a brand new AAA study, says twenty five percent of Michigan resonance twenty-five. Percent plan to move within the next year and most of those with moving on their minds are, planning at their move for spring and summer now do most of the people who are moving plan to. Stay in Michigan forty five percent say yet they're staying in Michigan thirty percents, say they're actually staying in the same. City Twenty percent say they're definitely moving out of state WWE news, time Kevin up on five forty four let's check in. Right now, with John McElroy for. Automotive insight, autonomous cars are, going to have a big impact on the automotive industry including car dealerships we're just not, going to need as many. Without, amount of insight I'm John McElroy less than a. Decade ago there were nearly nineteen thousand car, dealerships in the United, States today that's down to about seventeen thousand and that number could drop almost, in, half. That's according to a study from Cox automotive whose brands include auto trader and Kelley blue book and the drop all has to do with people buying. Fewer personal vehicles as more autonomous ridesharing services hit the road many people will find that cheaper than. Owning their own car the study predicts that's going to cause a drop to only, nine thousand dealerships by twenty thirty four and. The big dealer groups will buy out the small one There are nine thousand dealer owners today but that could drop to only. One thousand without a motive insight I'm John McElroy I'm good But I have a story and I, don't know. Where to start I'm? Good but I feel..
"cox automotive" Discussed on KCBS All News
"Of us have decided that only, a car isn't really all necessary anymore. People aren't abandoning the idea of personal vehicle ownership says Cox automotive analysts Michelle crabs but they are all in on. Ride, hailing in starting to embrace short term rentals and, that could chip away at ownership maybe people will give up, their, second, car or they'll use. A ride hailing is an alternative more than they are now if households rely on only one vehicle crab says it's, more likely. That vehicle will be. Larger or more upscale Jeff Gilbert four CBS. News Detroit the government will soon begin clearing a giant log jam that keeps a, threatened, fish, from, swimming upstream, also, gathered debris including, refrigerators, televisions, even, a houseboat the. Removal will protect habitat for Gulf sturgeon the big pile up is. On, the Mississippi side of the, Pearl River between Louisiana Mississippi Sam Litzinger CBS news It's three zero five at the bay area's. News station KCBS we have sunny skies in the forecast today more detail forecast coming. Up in just a few minutes good afternoon. I'm Jennifer, Hodges, here's what's, happening reaction, to the passing of Senator John McCain continues to come in from all quarters national, world leaders former US presidents one of. Those who worked closely with McCain even though she's a democrat is house mature minority leader and bay area congresswoman Nancy. Pelosi, KCBS as Jeffrey Shaab reports McCain was known of, course as a straight talker and a maverick but congresswoman Nancy, Pelosi, says, under day to day. Basis behind the scenes he often worked with members of both parties colleagues on both sides of the weather they were, in complete. Agreement with John McCain. At all then agreement that he was formidable. Had enormous integrity and was acting on behalf of our country and what he truly, delete, Pelosi appearing, on ABC Reed Galen was McCain's, deputy campaign manager during the senators two thousand eight presidential. Bid he says McCain could buck up under pressure hold true to his principles, he believes that goes back to the, days when he spent five and a half years tortured in Vietnamese concentration cat appeal w. And North Vietnam is father was the commander, in chief of the Pacific fleet and the Vietnamese said. If you. Want to go. Home because of who your dad is we'll send. You home and he said absolutely not we have, a way we're, going to do, this it doesn't matter if my dad is, a four star Admiral or you know works at a bakery in Pittsburgh this, is where I'm gonna stay and I. Think that that, is really a testament to the prepared person he. Was and, the kind of life he lived John McCain's body will lie. In repose at both the Arizona's state capital and the United States capitol Jeffrey Schaub. But KCBS it's too soon to talk impeachment. Bay area, congressman who is considering running for, president is keeping his eye on the ball winning back congress in the midterm elections KCBS a Scotla Terry has More as, the evidence mounts that President. Trump obstructed, Justice and broke campaign finance laws. Talk of impeachment abounds but. Says East Bay congressman Eric swale well when asked if there is enough evidence that the president conspired with his. Former attorney Michael Cohen for campaign finance violation would that be a high crime or misdemeanor the. Standard for peach mint, Democrats should not lead with impeachment tired I think we should lead, what the core issues. People care about, making sure. That healthcare costs go down that their paychecks go. Up and that we scrub out corruption but we shouldn't look, the other way, while while sits on the House. Judiciary committee where impeachment proceedings would. Begin he told ABC news at before thinking impeachment if the Democrats win back the house they will conduct the investigations the. Republicans are unwilling to conduct including this campaign finance violation including the questions around his contacts with the Russians and, including his tax returns impeachment is a heavy lift even. If the house brings charges the Senate would need a two-thirds majority to remove, the president from office scholar Terry KCBS, funeral services for. Molly Tibet's The college student who grew up in Oakland is being held later today. A is being held at the GM a high school in Brooklyn. Iowa where Tibbets graduated in two thousand seventeen she disappeared June eighteenth after going on her daily jog. And Brooklyn Iowa Tebbit's had been missing for more than a month before her body was discovered in a cornfield, her death received some politically charged attention after. Authorities charged twenty four year old a, twenty four year old man. Who is in the US illegally with her murder some tickets, family members have come forward to say they don't want her death to be. Politicized just ahead on KCBI. I'm gentlemen with an update on, San Francisco's city funded legal team working federal immigration cases having a lawyer by, your side means everything in the world Now,.
"cox automotive" Discussed on Bloomberg Radio New York
"The source has Elon Musk is hard. Morgan Stanley to assist, him in his potential bit. Take tesla private musk Shocked the financial world earlier this month when CEO tweeted that he wanted to take the electric car maker private and had quote funding secured tesla shares. Down now by about one tenth of one percent. Tenure yield two point eight one percent gold is down seven tenths, of one percent west Texas intermediate crude right now sixty seven eighty. Five for a barrel of TI, recapping equities mix the s&p down to down about one tenth of. One percent I'm Charlie pelletan DAT is Bloomberg business flash thanks charleen you're listening to Bloomberg. Markets on, Bloomberg radio Hitching a ride is one all turn it into owning a car but we're going to go a little bit deeper and figure. Out how people are in fact shifting their, driving habits away from car, ownership and. To help us understand this Michelle crabs she's, executive analyst, at auto trader dot com joining us on the phone from Detroit Michelle, great to be with you so this is a pretty significant trend and you're. Seeing it. Happen right there in front of. You and. The implications of it tells what's going on Right so Cox automotive which is the, parent, company of auto trader and. Kelley blue book recently did a study we did a mobility study that looks at autonomous vehicles and alternative ownership because the two go hand in hand I mean what we found is private ownership Dominates the automotive landscape but new options like ride hailing and subscription programs. Are becoming. More popular with the particularly young, urban dwellers and when you talk about subscriptions you're. Talking. About zipcar. And those types of services right not really we're, talking about subscription services are things like you you pay a monthly. Fee and you get access to a car. You may be able, to, trade out cars there are a BMW Porsche. Mercedes. Are. All starting, to put their right okay sorry Interesting so you you pay a subscription fee and. You can see the good, thing about it is you unlike, a lease you can cancel it and you can swap out different cars, you wanna convertible for the weekend you can do. That and get a utility the next week and so that's very attractive to people and Michelle. I wonder how much of this study that you looked at for, two thousand eighteen is really dependent upon geography and demographics you know we keep hearing that millennials want to, be an urban areas they don't want a car but then on. The other, hand I do hear that as people, grow up, and start to form, families they're going out into more of these suburban areas how much of that is a factor while we're. Actually and that is where it, all started we did see in our last study. A. Couple of. Years ago it was much more focused on young, and urban dwellers who were who were more open to these ideas. But we're seeing it across the spectrum of. Age groups and regions, I, mean we're even seeing Lubar in rural areas. For. Example So it is gaining. Traction it is concentrated with young urban dwellers more because there. Are disadvantages particularly in cities for owning. A vehicle, but the other thing affordability is become the big issue you know the cost of vehicles has gone way up and people. Tell us, they need mobility more than ever but they don't necessarily feel. They need to own a, vehicle and when you see the, sort of broader shift to electric vehicles and whatnot does that shift maybe, people's interest in owning a car or is this. A secular change in the way that people feel about a car in their life as as. An ongoing or a permanent investment well I think that that the, second is to to some extent but what we are seeing as these alternative ownership models are going to, lay the groundwork for one we have autonomous vehicles because certainly autonomous. Vehicles will, be will have them available in a. Different way Way than personal ownership Jason is you mentioned in your intro Michelle is in Detroit she's witnessing this all firsthand Michelle I? Ask, you Howard the company's reacting does this mean that they have. To bring the cost of a lease down to even get people in the door well the automakers, are also rethinking their business models and they are looking at it for example I mentioned Porsche Mercedes BMW are offering subscription services General Motors has. Made in which is their umbrella for all kinds? Of, new, mobility services, so they are definitely they know, if they want a business in. The future they have to change their business models as, well to accommodate consumers and you've talked, a lot, about some of the subscription services as. Well I wonder how much do Uber left and some of the models that we don't even know yet how much does, that have, an impact on this well certainly you know when we look at ride hailing but that. Has really become mainstream and if you look at the when. You ask consumers who are the leaders, and ride hailing they. Say older and less to. By. And large there's hardly, anybody else that, compares so that we are seeing a tremendous amount of growth in that we were surprised at you know even urban? Rural, areas in the last two years have the usage has gone way up so. That's all, it's getting towards, ubiqu- Notice regard Michelle Krebs executive, analysts auto, trader dot com joining us on the. Phone from Detroit the report from Cox automotive is called evolution of mobility say alternative ownership very interesting thanks for being with, us Taylor, there's a there's a lot of trends underneath this megatrend it feels I in some people. Could consider me a millennial I guess I think you're either. A millennial or you're not but we'll go, talked? A lot about, affordability and. Jason I, will say no New York City is total. Totally an anomaly but I had a. Great lease on a car is a couple hundred dollars. A month but. To park. It four to five hundred dollars. In New, York City so I.
"cox automotive" Discussed on WNYC 93.9 FM
"Trading involves significant risk of loss from, marketplace in New York I'm Sabrina short in for David Brancaccio. In an interview with Reuters Monday the president criticized. Well he criticized a lot of different things China the European. Union and not for the first time the Federal Reserve. Chair that he appointed Jerome Powell marketplace's Nancy Marshall genzer joins me now live from Washington Nancy what exactly did Trump say about Powell Well the president told Reuters he's quote not. Thrilled with the fed for raising interest rates Trump is afraid, that interest rate hikes will choke off growth but Powell says. He'll act independently. In an interview with marketplace just last month. Powell said he's not worried about political pressure I'm not, concerned. About it and I'll tell you why We, have a long tradition here of. Conducting policy in a particular way and that way is Independent of all political concerns now I is, it just me or do I not remember during the campaign President Trump criticized former. Fed chair Janet Yellen for for just this for keeping. Interest rates low you are right sobriety the. President accused Yellen of, creating a risky economic bubble here's, Trump in, a debate with Hillary Clinton during the presidential campaign we are in a big fat. Ugly bubble and we'd better be. Awfully careful and we have a fed that's doing political things this Janet Yellen of the fed but now Trump. Says he likes low interest rates and he's criticizing Powell for raising them. And. Just refreshes white why doesn't the fed just do what the president says in keep, rates low one of the. Fed's jobs is to keep inflation under control and the president's policies things, like the tax cuts Risk causing inflation. Plus. If interest rates fell again it would be easier to borrow money and people would, spend more driving up prices Marketplace's Nancy Marshall genzer thank you And you know when we talk actually about an economy, that's heating up or. Even overheating it may seem abstract but eventually these big trends do start to trickle down into. Reality and show up pretty, clearly and here is an. Example the price of used cars it. Hit a, record high, this summer in fact by July which is. Usually a slow month used, car prices had grown five point one percent from the previous year that's, according to recent data from Cox automotive marketplace's were not a sago. Has more on that at MC j. auto sales in Orlando salesman Pierre Augusto tells customers they've got more options. Than just new vehicles gently used, it's a, lot easier to finance I guess does used car sales peak and spring during tax season ended, the fall for back to school but June July, usually slow have, been busy to. According to Cox automotive chief economist Jonathan, smoke says in the car world the strong economy means. Higher interest rates and higher prices so more.
"cox automotive" Discussed on Marketplace All-in-One
"Once again, the president criticizes the fed and China India up from marketplace in New York. I'm Sabrina short in for David Brancaccio President Trump had fresh criticism for Federal Reserve chair. Jerome Powell this time. It was in an interview with Reuters in which the president also bashed China a few days before trade talks are resuming in Washington, marketplace's, Nancy, Marshall genzer joins me now live from Washington. Let's start with the children Powell. What exactly did Trump have to say about the chair of the Federal Reserve. The president told Reuters, he's quote not thrilled with the fed for raising interest rates. He said, fed chair, Powell should do more to help him grow. The economy Trump is afraid that interest rate hikes from the federal choke off growth. Powell has clearly said he will act independently and in an interview with marketplace just last month. Powell said he's quote not concerned about political pressure. He said he's focused on carrying out the feds mandate from congress on inflation. And unemployment. Later this week, the US and China are gonna begin trade talks, how is the president setting up expectations? For those talks, the president said he didn't think much would come out of this week's talks. So he's setting expectations very low. The president also said he doesn't have a timeframe for ending the trade conflict with China and the president also talked about currency manipulation. That's right. He accused China and the European Union of manipulating their currencies, lowering them to make their exports cheaper. The dollar fell after Trump's remarks. Now it's important to remember the treasury department has not officially labelled either the e u or China as a currency. Manipulator treasury uses a three part test to determine if a country's manipulating it's currency. The test looks at how much of a trade surplus a country has with the US and the world, and whether countries persistently intervening in markets to drive down its currency, the EU and China just don't meet those criteria. All right. Marketplace's Nancy, Marshall, genzer. Thank you so much, and let's take a look. The numbers. The footsie in London is down two tenths of a percent. Dow s and NASDAQ futures are up in the two to three tenths percent range of the Dow future up sixty points. The ten year treasury yield is at two point eight, four percent. You know, when we talk about an economy that's heating or overheating, it may seem abstract, but eventually these big trends do start to trickle down into reality. Then show pretty clearly in here is an example. The price of used cars hit a record high this summer. In fact, by July, which is usually a slow month used car. Prices had grown five point, one percent from the previous year that's according to recent data from Cox automotive marketplace's..
Americans distrust self-driving cars more than they used to
"Two years ago about thirty percent of us said we would never buy a fully. Autonomous car now that number is up to fifty, percent according to new data from Cox automotive most of us say we are interested now in. A lesser level of self driving a reflection of recent high profile crashes by self-driving Uber's and Tesla's this opens the. Near-term. Door driver assistance technologies that are hitting the market in volume typically called. Level three Cadillac super cruise Audi traffic jam pilot are examples that. Can drive while you oversee them not check out the largest group of people in the. Survey said that. No matter what comes down the road in the future cars should always have the option of being human driven but remember. That many, new technologies have followed a pattern of unreasonable public exuberance followed, by unreasonable public scepticism and then a. Reality somewhere in the
Cutting Carbs Could Cut Years off Your Life
"Somebody diets call for you to cut out certain, foods or food groups a new study Lancet public health says don't be. So quick to make cuts in your carbs to few can be risky to your life KRLD David Rankin asked registered. Dietitian Amy Goodson went carbs. Get a bad rap know back in the day right so we have like the no carb diet but if you remember that before that we had the eat all carts like in the nineties we're always talking about eating heart because we didn't, want to eat fat Atkins diet that kind of when that really surface back, in the early two thousand carbs got a bad rap carbonite youth that, are in your life clause implemention etc The truth is carbohydrates. In themselves do not make you fat, they don't make you gain weight it's the excess of eating carbohydrates and what type of CRA hydrates. That you're eating that can really, cause trouble long-term in, your eating habits are there good carbs and bad, carbs? Let's definitely stuff so we talk good car. Relative term so good is meaning more, coke rain in nature so west, processed so that's gonna, be a food at that is higher in fiber it's something like oh they're out. Meal Brown rice Qinhua some of those really whole grain whole wheat Bulger brand things of that nature those are hiring cyber typically also higher intrigued, by, them So those are going to be a better. Choice do I recall though the carp that of course I, would also call. Pop tarts and cookies and very sugary cereal the car. Many, of those are going to have no. Fiber or very little added sugar and be lower nutrients so those are really alas, nutrient rich, choice yet really they're all considered carbohydrates shouldn't there be, a different name for those. One would be typically like in. The nutrition world has a dietitian. Holiday whole grain carbohydrates and yeah that can be very confusing for people because whole grain can be used? Loosely in marketing, on, packages so? Ryan? Courage consumers to. Do is to flip the package over. And look at the ingredients it's the first ingredient. Is whole grain. Whole wheat whole oat whatever it is that's your security that that. Is a whole, grain, products typically that's, gonna, be a. Less processed product the key with that is that fiber helps digestion if you're. Just sitting there eating you know chips all day or Crackers or even you know some. Type, of popcorn or something you're going to. Remain a lot how this that's registered dietitian Amy
"cox automotive" Discussed on KCBS All News
"Wheel new survey by Cox, automotive the company behind Kelley blue book and auto trader, says people are still apprehensive about self driving, cars especially in the wake of recent deadly crashes involving tesla and Uber to discuss it. More we are joined live on the KCBS, ring central Newsline by Jeff Gilbert reporter at our sister station in. Detroit, WW. Jay thanks for being with us this afternoon Sure thanks. For calling what are the results of this latest survey and how does it compare to previous surveys two years. Ago about a third of, people were saying they would never buy a level five, of fully automated vehicle and they did the, survey again this year and now that's up to fifty percents some of that is just. What you venture Guber crash the tesla accidents, some of that I think is also reality setting in you know. Two, years. Ago people thought of self driving cars Now they're starting to think about the more seriously and wondering about. What can go wrong boy you anticipated by next question, Jeff that was. Written that out right in front of me here isn't, there a, reality factor that, seeping in because as you're right When you start talking about these things conceptually who doesn't wanna drive in car, but now. We're hitting that reality of there are some, downsides to this yeah exactly it's like the, thought of a flying? Carbon you're watching, on the Jetsons when you think of. That, car going above your house in the middle of a thunderstorm we go maybe not so same thing with, the self driving car you're thinking. About what what may go wrong what what could, happen and you know it's come a little closer to reality, now these. Numbers are just a moving target as people learn more, about maybe the safety of self, driving cars maybe more people will embrace them I know a lot of people who, have said, never about things ended up. Doing that never is a long long time and I guess the truth of the matter I mean especially being here in Silicon Valley we got few accidents, compared to the number of accidents, that occur every day with you know human drivers at the, wheel so how do you think it's best to instill the confidence You know the society of automotive, engineers for example is going around the country getting people demonstrations, at this. Technology and it's like anything else people have to get, an accident and it has to, establish a track record I mean you're in San Francisco which is in the heart, of work, General Motors is doing its. Research you may be going past the self driving car everything So as we see, more of these people aren't going to make more of, an opinion they deploy safely and there no problems they think. This is, cool that's great if there's an, accident they could get more nervous are you surprised that there really weren't a lot, of demographic, differences when they looked at, these data, around all this the even the younger folks were concerned about, some of these issues but. If you take a really deep dive into it you see that there is. More concern, among baby boomers millennials, I mean there's concern all across the board but if you take a. Look at some of the statistics and they're not. Readily The difference between baby boomers and millennials millennials. Are a, little more eager to adopted but, even they're starting to have a few questions did they break it down by geography You know what was really funny is they did, break it, down by geography and there wasn't that, much of a difference. Geographically it's pretty much spread across the country there is some eagerness, on people on the part of you know getting rid of the mundane commuting tours but there also services. Do you see a tipping point in the that in other words we're all going to sort of sit on the sidelines. And sort of point and say this and that and then all of a sudden it's just going to happen in. Sort of just taking this part of our new, world you see that tipping point a little bit further in the future than most people do mean next couple of years we're going to see some of, these robotic taxis but nobody. Can tell you when you would I ever going. To be able to go to art, dealer and buy a car that will. Completely drive itself so we can totally disengaged so there's. Still a lot of. Questions out there so there will be a tipping point but. It's not like down the road it's going, to be probably a decade or more future thank, you so much we've been joined on KCBS. Ring central Newsline by Jeff Gilbert he's a reporter at. Our sister station w.. W j in Detroit Facebook's, has the business money news. Update he checks in from the KCBS super micro Intel muddy desk You're talking Cisco Cisco. Was cheered by. Investors after reporting its, third straight quarterly revenue, increase, of six percent to twelve point eight billion dollars the San Jose firms biggest business infrastructure platforms rose seven percent while the strongest rate of growth was insecurity software CEO Chuck Robbins told the earnings call that he's increasingly concerned about the trade, war between the US and China with, a third, round of proposed US tariffs covering switches and routers which would impact Cisco WalMart's revenue rose three point eight percent to, one hundred twenty eight billion dollars in the second quarter with its Sam's Club stores blowing away expectations the nation's biggest brick and. Mortar chain enjoyed its fastest rate of sales over a decade while offering a strong forecast going forward CEO Doug McMillan says WalMart is aggressively rolling. Out grocery pickup and delivery in. The US as well as expanding online options in Canada and Mexico. WalMart was up nine percent today Cisco up by three percent of big help for the Dow rose three hundred ninety. Six points to twenty five thousand five hundred fifty, eight NASDAQ Up thirty two points at seventy eight oh six as a p...
Study: More US Adults Nervous About Riding in Self-driving Cars
"New study shows drivers becoming more nervous, about the prospect of self driving cars a lot more aware of self driving. Vehicles on all the research being done but there are. Also a lot more aware. Of incidents Uber crash happened in Arizona we definitely, saw, of the shifting. Consumer thinking that whoa wait, a minute let's think about this again Will Smith Michelle Krebs says. Half of all drivers told Cox automotive they would never buy a, self driving vehicle that is, a significant jump from their last survey two years
"cox automotive" Discussed on 860AM The Answer
"Neither higher gas prices are rising interest rates could put a damper on us auto sales during the first half of the year sales rose one point eight percent in the first six months of two thousand eighteen analysts attributed to strong consumer confidence and low unemployment but experts at cox automotive issue a cautionary note saying that much of the increase was due to low profit sales to fleet buyers like rental car companies and retail sales to individual buyers were propped up by rising incentives like rebates and subsidized leases rich thomasson reporting black oregon lawmaker says one of her constituents call police on her while she was canvassing a portland area neighborhood they've represents her state representative jail bind them is running for reelection this fall she said the deputy told her a woman call police because the lawmaker appeared to be casing the neighborhood this is townhall dot com a us senator visiting russia suggest moscow could improve ties with washington by not meddling in november's elections senator john thune who's part of congressional delegation visiting russia moscow could help improve ties by not meddling in the midterm us election this november the south dakota republican says that russia's changing behavior is essential for better relations adding in his words the best way to demonstrate this as we head into the twentieth eighteen election is the show the american people in our congress and our administration that the russians have no intention of messing playing with the american election russia us ties have been strained by the fighting in ukraine syrian war and allegations of russian meddling in the two thousand sixteen us election matt small wash a sixteen year old in southwestern minnesota who drove his car into a sinkhole following heavy rains escaped by climbing out the back window the teen who.
"cox automotive" Discussed on WAFS Biz 1190
"Neither higher gas prices are rising interest rates could put a damper on us auto sales during the first half of the year rails rose one point eight percent in the first six months of two eighteen analysts attributed to strong consumer confidence and low unemployment but experts at cox automotive issue a cautionary note saying that much of the increase was due to low profit sales to fleet buyers like rental car companies and retail sales to individual buyers were propped up i rising incentives like rebates and subsidized leases rich thomasson reporting a black oregon lawmaker says one of her constituents call police on her while she was canvassing a portland area neighborhood that represents her state representative to dale bynum is running for reelection this fall she said the deputy told her a woman call police because the bombmaker appeared to be casing the neighborhood this is townhall dot com a us senator visiting russia suggests moscow could improve ties with washington by not meddling in november's elections senator john thune who's part of congressional delegation visiting russia moscow could help improve ties not meddling in the midterm us election this november the south dakota republican says russia's changing behavior is essential for better relations adding in his words the best way to demonstrate this as we head into the two thousand eighteen election is the show the american people in our congress and our administration that the russians have no intention of messing or playing with the american election russia us ties have been strained by the fighting in ukraine syrian war and allegations of russian meddling in the twenty sixteen us election matt small washington sixteen year old in southwestern minnesota who drove his car into a sinkhole following heavy rains escaped by climbing out the back window the teen who just.
"cox automotive" Discussed on 860AM The Answer
"The us auto sales during the first half of the year we'll look at the numbers from correspondent rich thomasson sales rose one point eight percent in the first six months of twenty analysts attributed to strong consumer confidence and low unemployment but experts at cox automotive issue a cautionary note saying that much of the increase was due to low profit sales to freak buyers like rental car companies and retail sales to individual buyers were propped up by rising incentives like rebates and subsidized leases rich thomasson reporting colleges now have the go ahead from the federal government to leave race out of their decisions on admissions and enrollment the trump administration reversing guidance from the obama era urging schools to take race into account those memos were among twenty four policy documents the justice department says are unnecessary and outdated more of these stories from townhall dot com germany's chancellor angela merkel says the eu will make every effort to avoid a trade war with the us mackel has told us lawmakers that is worth every effort to try to defuse trade conflict with washington so that it doesn't turn into a real wall she says while stressing the punt this of course they're two sides to it she added that the good functioning of the world economy depends on countries working together as partners as well as imposing tariffs on steel and aluminum the trump administration is mulling over with its we include cars trucks and auto parts charlton desma president trump celebrated active duty service members and.
Trump demands NATO allies boost defense spending
"America's first news good wednesday morning america's first news continues on this independence day it's the fourth of july of course the markets are closed today but world shares were mostly lower as european shares tracked losses in asia and on wall street that's where tech shares were hit by worries over trade tensions between beijing and washington a speaking of which it's friday that's the day the us is set to impose that twenty five percent tariff on thirty four billion worth of chinese imports china's expected to hit back hit back with a similar amount on us exports the big question is how far the two countries will go in their dispute over trade as i mentioned stocks closed lower tuesday following a swift selloff in the final minutes of a shortened trading session ahead of independence day the loss of snapped a three day winning streak for the market wiping out modest gains from date earlier tech companies and banks led the slide outweighing gains healthcare and energy president trump says the administration's in talks with motorcycle companies that want to move to the us this after a harley davidson said it will move some assembly overseas harley davidson drew trump's wrath after it announced the move and blamed it on tariffs imposed by the european union to retaliate for tariffs imposed by trump meanwhile german chancellor angela merkel says the european union will make every effort to avoid a trade war with the us but washington needs to join in that effort of president trump's as administration imposing those tariffs on eu steel and aluminum he's also mulling on whether to add tariffs on cars trucks autoparts markle told the german parliament wednesday quote it's worth every effort to try to defuse this conflict so it doesn't turn into a real war but of course there are two sides to that she added that the good functioning of the world economy depends on countries working together as partners now the us is also pressing germany over what it considers insufficient defense spending merckel said that germany quote is reliable partner in nato more on that in just a bit of the state department this week spelled out its campaign of maximum pressure drive iran toward the negotiating table the announcement came of course after president trump said the us would withdraw from the iran nuclear deal the secretary outlined a clear and compelling vision for a better future for the iranian people this future can only be realized though if iran meets twelve demands to become a normal country normal countries don't terrorize other nations proliferate mitchell missiles and impoverish their own people a key part of our strategy is a campaign of maximum economic and diplomatic pressure the first part of our sanctions will snap back on august fourth these sanctions will include targeting iran's automotive sector trade in gold and other key medals or remaining sanctions will snap back on number six these sanctions will include targeting iran's energy sector and petroleum related transactions and transactions with the central bank of iran many bound the world share our interests in countering terrorism faulting the flip and promoting peace and stability in the middle east we want to work with these countries to build a strong global effort more than fifty international firms have already announced their intent to leave the iranian market particularly in the energy and financial sectors we have been clear with countries in companies around the world that we are bringing severe economic pressure on iran until the regime changes it's to stabilizing policy the us began to dismantle sanctions relief for iran after pulling out of that landmark nuclear accord in may but it's faced pushback from key european allies over the us planned imposition of secondary sanctions that target countries who continue to do business with iran's speaking of iran rans issued a new warning over mideast oil supplies meanwhile the united arab emirates said tuesday that it could increase its own production now these are the latest remarks to follow president trump's demand for lower global energy prices from opec us benchmark crude trading around seventy five bucks a barrel neither higher gas prices are rising interest rates at put a damper on us auto sales during the first half of the year sales rose one point eight percent while june sales up about five percent compared to a year ago that according to edmunds analysts said the boost was fueled by strong consumer confidence and low unemployment but analysts at cox automotive which includes kelley blue book said that much of the increase was actually due to low profit sales to fleet buyers such as rental car companies and rental sales to.
"cox automotive" Discussed on Newsradio 950 WWJ
"That we are just hours away from seeing played new york democrat chuck schumer did spend an hour and a half with the president at the white house said there were good discussions but there's no deal yet majority leader mitch mcconnell slowed should be a nobrainer and it would be except the democratic leader has convinced his members the filibuster any funding build a dozen include legislation they are demanding for people who came into the united states illegally cbs contributor eto keep says if there is a shutdown thousands of employees that the cdc with me for a while at a time when we're in the midst of a historic fluoutbreak cbs news update i'm dave barrett this is newsradio nine fifty w wjr news time now four thirty two would start to get a little bit more crowded here at cobo center ahead of the charity preview at the north american international auto show some call it an auto show prom were because role word and the taxes and dress don't say i will now it's a running joke the the ballgowns are it's running joke pre20 greg w w j to be reporter jeff gilbert we do see some more people milling about i guess the the thing actually gets underway officially around six o'clock put there is already some people here all dressed up in and ready to help children's charities jeff and more importantly for the automakers get a sneak peak of all these cars and trucks yeah exactly for for people like me who have done the charity preview or rather the press previews in industry previews we've been around for awhile but for a lot of people this is really their first chance to like take a look at these vehicles and even more will get their first chance over this weekend but what's really important to the dealers is selling these vehicles and it was sales slipping a little bit last year that's only going to make things a bit more competitive says charlie chess boro who is a senior analyst at cox automotive china.
"cox automotive" Discussed on KBNP AM 1410
"Doing what word that it eighth at noon on am 1410 the money facing and now back to body like as conclave and your host body like it's okay the starter this hour aaa car clinic is the number forty two dial miss jan will take a call act i think hannah i think they're both in there i can see him from here they're they're both anxiously awaiting and it'll be interesting to see who answers the phone i would imagine hannah i would be the one for you but but mr sanz right they're not sharing the same seat are you folks no oh you are well you're right there right osce jan asi hannah asi fabrio then jonathan drought around the corner what let her say something uh uh all that's great thank you male aaa car clinic aaa two two seven 25 six you you know that there have been a lot of cars that were damaged by the hurricanes uh erma according to a report by cox automotive people are gonna have to replace up to like four hundred thousand vehicles and that's an analysis arming armor ripthrough florida with the high winds and a storm surge and extensive damage i mean obviously to homes and businesses we are all aware of that but a cox automotive the the parent company of kelley blue book and auto trader estimated that south florida residents loft between one hundred thirty thousand and two hundred thousand vehicles including the entire sunshine state and neighboring states to the north armagh took out approximately two hundred two four hundred thousand vehicles not including new vehicles waiting to be so now by comparison hurricane harvey destroyed three hundred to five hundred thousand vehicles in the houston market and this is based on the cox automotive estimates the damage caused by harvey and armagh is expected to hurt new vehicle sales in the short run and dealers in texas and florida a working with fewer selling days after closing during the storms automation for example the largest card either in the country closed nearly all of its stores in the florida and a spokesperson told fox business that automation planned to reopen no stores in osun i got i share that would you because uh the.