Page 47 - Auto Sector News Today

And disease is spread all over the country he will also face more international pressure from the community he has also been starting to be investigated by the international. courts so because they think that he has been committing crimes against humanity and this will be another challenge during the next term of figure harms with the very latest from bogota thank you. christopher back now with a surprise alliance in the auto sector and we are talking about two heavyweights. ford will join force...

Looking for is president trump to indicate that this is not the end of the line. this is not the deal that hes going to be satisfied with. we want to see president trump sharpen his pencil and do a better job at helping american manufacturing workers. the current deal doesnt do that maria: a couple of the changes, country of origin rules, automobiles must have 75% of their components manufactured in mexico, the u.s. or canada to get the free-trade zero tariff status, 40-45% of automobile parts h...

Lack of clarity with regard to what subsidies hes referring to, are these the tax credits for individuals purchasing electric vehicles? if so, i mean, these are possibly things that need legislative approval to go through. so as analysts right now, not just in the auto sector, but also just with regard to legislative policy, start to take note of this, a lot of parsing of details will come out about what the possibilities are that trump could actually take action on this from a unilateral standp...

Sale here in the u.s. that is a possible head wind. that specific tariff didnt impact this decision. but steel and aluminum tariffs have been also a big head wind and those are taking a bite out of profit of auto makers. gm didnt cite that specifically in the release yesterday or any of the messaging they put around this, but they probably dont want to anger the administration on top of what its already a contentious situation obviously between the administration and gm right now. >> let me just...

Point because we care deeply about it and deeply about what happens to these 15,000 gm workers and their families. you say congress has a role. what can they do? the auto sector is changing and changing quickly. >> sure. absolutely it is changing. and we need to make sure we respond to that. we should not be granting massive corporate tax cuts which are indicated they are going to be used for revitalizization of our manufacturing base, but instead arent used in that way whatsoever. >> id love to...

Last 12 recessions was started by federal reserve mismanagement. everyone is afraid the fed will mess it up. what i will say what ive seen from jay powell so far, the fed chairman, has been pretty good. the actions or idea that well automatically raise rates three or four times next year, maybe they shouldnt be telegraphing something like that until they get the actual data in. there is no signs of real inflation. the housing market looks weak. the auto sector has peaked. there are enough weak a...

Mexico canada agreement. nafta is gone. mike blakeman at the president. hey, blake. >> described this u.s. mexico canada agreement as historic. big win for auto sector and dairy farmers. return the u.s. back to a manufacturing power house. but the reality of this going forward is that the 2019 congress will have the ultimate say on this one as they will eventually give this a thumbs up or thumbs down vote. the president today in a rose garden press conference acknowledged on that end there is po...

Would ptd be talking about a deal. just for those babies out there that keep talking about tariffs. that includes congress. oh, please dont charge tariffs. >> all right. this new nafta will be known as a u.s.-mexico-canada agreement or usmca. it sets new rules on financial services, digital businesses and the auto sector. a car or truck must have 75% of its components manufactured within the three countries to qualify for zero tariffs, that is up from 62.5%. in addition, at least 30% of the labo...

U.s.-mexico-canada agreement. throughout the campaign, i promised to renegotiate nafta. it was we kept that promise. >> so good to see susan lee for the fox business network. president is talking about where we have been. we have seen tariffs so on and so forth. >> they have been negotiating this a year. you heard some of the rhetoric between trudeau and trump. no bromance happening. at the end, i think trump and administration got a pretty good deal. they didnt have to give up lots. they have a...

The jobs number better-than-expected 201,000 in august, jobless rate holding 3.9 percent and lots of sectors hiring last month. professional business services adding 52,000 jobs. trade related jobs might be surprising given the tariff battle went up 22,000 for transportation while housing also 20,000 for the month. most of the hiring when it comes to couriers and messengers, construction jobs trending higher up 23,000. manufacturing which has been a big focal point for the u.s. president, sheddi...