Fiat Chrysler US Auto Gross sales Down 17.4% in Covid-ravaged 2020

The 2019 Jeep Gladiator

Mack Hogan | CNBC

Fiat Chrysler trimmed its fourth-quarter revenue loss, but not enough to avoid one of the auto industry’s worst declines likely for 2020.

The Italian-American automaker’s US sales fell 17.4% last year from 2019, the company said on Tuesday. Sales weren’t quite as bad in the fourth quarter, declining 7.9% year over year. This is worse than the rest of the industry, which is projected to see a 15% drop in sales due to the coronavirus pandemic last year, once all automakers release their sales results.

Fiat Chrysler’s biggest rival in Crosstown, General Motors, reported an 11.8% drop in sales for 2020 earlier in the day, while Ford Motor is expected to report its sales on Wednesday morning. Toyota Motor reported that its US sales were down 11.2% last year compared to 2019, while Nissan Motor said its sales were down 33.2%.

According to Fiat Chrysler, the decline in sales was mainly due to lower sales to commercial fleet customers. Revenue from private customers even rose slightly by 1% in the fourth quarter. The company declined to release its retail or fleet sales for the year.

There were few bright spots for Fiat Chrysler’s sales in 2020. Italian niche luxury brand Alfa Romeo was the only division to see a 1.6% increase for the year. Aside from an 8.9% increase for the Alfa Romeo Stelvio crossover and nearly doubling sales of the Jeep Gladiator pickup, every second vehicle in the automaker’s six-brand range was down for the year. Sales of its all-important Ram pickup were down 11.1% last year from 2019.

“The fourth quarter was a strong stepping stone into the year 2021. We expect an exciting year in the future with a multitude of new vehicles,” said Jeff Kommor, head of US sales for Fiat Chrysler, in a press release.

Congress ought to verify Joe Biden’s victory over Trump. Here is what to know

The U.S. Capitol Building is reflected in a puddle in Washington, United States, on November 10, 2020.

Hannah McKay | Reuters

Congress on Wednesday will count and confirm the votes cast by the electoral college, a process that will virtually finalize President-elect Joe Biden’s victory despite recent plans by some Republicans to question the election results.

The joint session will begin at 1:00 p.m. CET in the House Chamber, and Vice President Mike Pence is expected to chair.

In previous presidential cycles, the event was viewed as more of a formality than another battle in the White House war. After all, it comes more than three weeks after state voters have cast their votes and almost a month after what is known as the safe harbor to settle disputes over the results.

Yet more than a dozen GOP senators and dozens more in the House of Representatives have vowed to raise an unprecedented number of objections to electoral votes in key states despite Senate majority leader Mitch McConnell, R-Ky., And other Republicans abandoning the crusade . This could add hours or even days to the certification process, but experts say the final result will stay the same.

“The ultimate outcome, I think, is inevitable,” said Keith Whittington, policy professor at Princeton University, in an interview with CNBC. “It’s just a matter of how long it will be to get there and how many fireworks will be on the way.”

U.S. President-elect Joe Biden jokingly thanks voters for Georgia confirming its victory three times as he camped on behalf of Georgia Democratic U.S. Senate candidates Jon Ossoff and Raphael Warnock during a January 5 runoff during a car campaign rally in Atlanta, Georgia, Jan. 4, 2021.

Jonathan Ernst | Reuters

The objectors, some of whom are rumored to have presidential ambitions, reworded Wednesday’s joint session as a final opportunity to cast doubts on the electoral process and press for a 10-day review of the results in a number of battlefield states.

Senator Josh Hawley, R-Mo., Was the first in the chamber to announce appeal plans and eleven others, led by Senator Ted Cruz, R-Texas, argued in a later statement that “unprecedented allegations of electoral fraud” and “deep “Suspicion” of the results requires investigation.

None of these senators’ statements made any mention of President Donald Trump, who has a broad and dedicated base of Republican support, had been relentlessly promoting unsubstantiated and exposed fraud conspiracies since the November 3 elections. The president and his allies have also filed dozens of lawsuits aimed at overturning the election results, including in the Supreme Court, but almost all of them have been denied.

Trump refuses to admit Biden, falsely claiming he won the race while pressuring state officials to change the results of their elections and attack Republicans who refused to participate.

The President’s unsubstantiated claim that his election was stolen from him and that many votes for Biden should be rejected poses a threat to Republicans. McConnell reportedly warned his caucus that following Trump’s wishes by objecting to the election count would force a vote that would likely split the party.

This could also cause discomfort to the Vice President, an unwavering loyalist to Trump who is expected to lead the session and ultimately declare Biden the winner. Experts say Pence’s role in the process is largely ceremonial, but Trump has appeared to have been hanging hopes for the past few days on the Vice President, who “comes through” for him on Wednesday.

“If he doesn’t get through, I won’t like him that much, of course,” Trump said Monday night at a rally in Georgia.

Political experts have also warned that Trump’s efforts to undermine confidence in elections could dampen GOP turnout in Georgia’s key runoff races on Tuesday, the results of which will determine Senate party control. On Saturday, Trump pressed the Georgian Foreign Minister Brad Raffensperger in a one-hour phone call To “find” enough votes to undo Biden’s victory there.

After a replay of the call was leaked, Senator Kelly Loeffler, R-Ga., Said on the eve of her race against Democratic candidate Rev. Raphael Warnock that she, too, would appeal. David Perdue, who is running against Jon Ossoff and whose term as Senator in Georgia expired on Sunday, also called on Senate Republicans to raise objections.

Once Congress finishes counting, Biden’s final step is to take the oath of office on January 20th.

This is how the meeting in Congress on Wednesday is expected to go:

The electoral list

House Speaker Nancy Pelosi (D-CA) swears new members of Congress during the first session of the 117th Congress in the Chamber of the House in the U.S. Capitol in Washington, DC, United States, on January 3, 2021.

Thassos Catopodis Reuters

The procedure is scheduled to begin in the house at 1:00 p.m. ET.

Pence receives the electoral lists of the states in alphabetical order. The Republican and Democratic leaders of the House Administration Committee and Senate Rules Committee will receive and count these votes.

Once a state’s record is released, Pence will ask if there are any objections. If at least one member of the Senate and one member of the House objects in writing, the two chambers will be divided for up to two hours of debate. You will then vote on the objections separately.

Traditionally, everything is “pretty superficial,” Whittington said. “It doesn’t take long to open all of the envelopes, record the votes, and then make an announcement.”

All objections are expected to be denied – but the possibility of separate debates over the highlights of several states could mean that the process will drag on far longer than in previous elections. For the past three cycles, certification took less than an hour total, according to NBC News.

Once the votes are counted and the objections resolved, Pence will announce the election results.

Pence in the spotlight

Vice President Mike Pence finishes a swearing in ceremony for senators in the Old Senate Chamber on Capitol Hill on January 3, 2021 in Washington, DC. Both chambers hold rare Sunday events to open the new Congress on January 3rd, as the constitution dictates.

J. Scott Applewhite | Getty Images

Pence, believed to be weighing a 2024 presidential campaign, is likely eager to do whatever it takes to avoid a barrage of criticism from Trump. The president has repeatedly cracked down on other Republicans he previously supported, particularly Georgia Governor Brian Kemp, after they refused to sustain his election overthrow efforts.

Experts say Pence, in his narrow role at Wednesday’s joint session, can do little.

“He opens the ballot. That’s his job,” said Neil Kinkopf, law professor at Georgia State University.

In carefully worded remarks to Georgia voters on Monday, Pence telegraphed support for the president and suggested that he let the process go as expected.

“I know we all have our doubts about the last election. And I want to assure you that I share the concerns of millions of Americans about electoral irregularities,” he said. “And I promise you, come this Wednesday, we’ll have our day in Congress. We’ll hear the objections. We’ll hear the evidence.”

Even so, Trump and his allies have falsely claimed that Pence’s powers are far greater.

“The Vice President has the power to reject fraudulently elected voters,” Trump tweeted on Tuesday.

In late December, Texas Republican MP Louie Gohmert, along with a group of Arizona Republicans, urged a federal court to declare that Pence had a unilateral power to decide which votes to count.

The long-term offer, in which Pence himself was listed as a defendant, was severely pushed back by a Justice Department attorney who represented the vice president. The lawsuit was dismissed last week.

Tyrese denies locking out his estranged spouse, saying $ 20KA month is an excessive amount of baby assist

As many of you know, Tyrese and his wife Samantha Gibson announced last week that they were getting a divorce after three years of marriage. However, it looks like papers were filed a few months before their official announcement.

According to TMZ, Samantha filed for divorce back in September. In the petition, she claims Tyrese cut her financially a few weeks earlier and locked her and her 2-year-old daughter out of their Georgia home.

However, in the documents submitted by Tyrese, he denies these claims. However, he reportedly admitted having a problem with Samantha asking for $ 20,000 in child support for a month, calling it “unreasonably high.”

When it came to the reason for their split, Tyrese recalled returning home from a movie in August and being confronted by Samantha, resulting in a tense conversation in which she allegedly threatened to phone authorities.

Tyrese also recalled leaving home in an Uber because he did not want to meet the police because of “the multiple public incidents of police brutality and racially motivated killings of unarmed African American people”.

As we previously reported, both Samantha and Tyrese posted a statement regarding their divorce, and Tyrese later stepped into The Shade Room’s comments section saying, “Black families and marriages are under attack. I wrestled with this question. How can we naturally know how to be something that we never raised? Most of us grew up in broken houses and have NO examples of what it means to be a husband, wife or FATHER … “

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Luxurious automaker Bentley had a report 12 months in 2020 when different automakers struggled

The 2020 Bentley Continental GT first edition

Mack Hogan | CNBC

Bentley Motors sold a record number of its luxury sedans and SUVs last year as the rest of the auto industry struggled to contain losses from the coronavirus pandemic, the 101-year-old automaker said Tuesday.

The Volkswagen-owned company sold 11,206 vehicles in 2020 – despite a seven-week closure of its plant in England during the height of the Covid-19 pandemic last spring. The company sold 11,006 cars in 2019.

Bentley sells some of the most expensive and rarest cars in the world. Its entry-level SUV, the Bentayga, starts at around $ 180,000 while its most exclusive model, the Mulliner Bacalar, sells for around $ 2 million.

Adrian Hallmark, Bentley CEO, said he was “cautiously optimistic” about business in 2021, “so much remains uncertain,” a press release said. He said last year’s sales record was a “strong gauge” of the company’s potential as it will evolve into an all-electric automaker by 2030.

Sales in America rose 4.2% and remained Bentley’s primary market in 2020. However, the growth resulted from a jump in sales of a whopping 48.5% in China. The two markets accounted for 53% of Bentley’s sales in 2020, according to the company. This offset the sales declines in the UK, Europe and the Middle East in 2020.

New York Governor Cuomo briefs the press on the Covid pandemic

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New York Governor Andrew Cuomo holds a press conference Tuesday on the coronavirus after it was announced that the state has identified its first Covid-19 case caused by a new, more contagious variant of the virus.

On Monday, Cuomo told reporters on a conference call that New York had confirmed its first Covid-19 case with the new strain B.1.1.7, originally discovered in the United Kingdom. The man, who is now recovering, lives in New York state with no travel history, the governor said.

The strain, which has also been found in California, Florida, and Colorado, is believed to be communicable but doesn’t appear to make people sicker or increase the risk of death from Covid-19, experts have said.

“If other states could test as much as we tested and tested on the British strain as much as we tested, they would find them,” Cuomo said.

During a press conference earlier Monday, the Democratic governor urged state hospitals to speed up their allocations of coronavirus vaccines and threatened fines of up to $ 10,000 if they fail to use the doses by the end of this week.

Read CNBC’s live updates for the latest news on the Covid-19 outbreak.

Amazon buys Delta, WestJet Boeing jets as airplane costs fall

A wide-body aircraft with the Amazon Prime logo lands at Lehigh Valley International Airport in Allentown, Pennsylvania, USA on December 20, 2016. The photo was taken on December 20, 2016. Suitable for Insight AMAZON.COM-SHIPPING / REUTERS / Mark Makela

REUTERS / Mark Makela

Amazon announced Tuesday that it is purchasing 11 used Boeing 767-300 jets from Delta and WestJet. This is the latest sign of how cargo companies are growing as passenger airlines shrink their fleets as Covid-19 hurts demand for travel.

The expansion is coming as Amazon continues to push for faster delivery as the number of online orders increases due to a pandemic. Staying home customers have turned to service for both essential and non-essential goods as the holiday shopping season created further demand for quick delivery.

The four WestJet aircraft will be converted into cargo jets and will join the Amazon Air fleet this year, while the seven Delta aircraft will be added after their conversion in 2022, Amazon said.

The company has steadily expanded the fleet of aircraft intended for its Amazon Air cargo operation through leasing contracts. However, Tuesday’s announcement marks the first direct plane purchase, Amazon said.

“With a mix of leased and owned aircraft in our growing fleet, we can better manage our operations, which in turn helps us keep up with our customers’ promises,” said Sarah Rhoads, vice president of Amazon Global Air in a statement.

Amazon said the Amazon Air fleet will have more than 85 leased and owned aircraft by the end of 2022. Amazon launched its air fleet in 2016, leading to speculation that it would reduce its reliance on UPS and FedEx. The company still relies on external carriers for some of its deliveries, but has rapidly accelerated its internal logistics activities, especially during the pandemic. The Amazon Air fleet is operated by Atlas Air Worldwide Holdings and the Air Transport Services Group.

The expansion builds on the ramp-up of Amazon’s air freight fleet last year. The company’s $ 1.5 billion air hub in Kentucky is scheduled to open this year. It has capacity for 100 Amazon-branded aircraft and is expected to handle 200 daily flights.

Amazon and Delta declined to disclose the price of the planes, but the value of many planes has plummeted this year as the coronavirus decimated demand for travel. According to Ascend by Cirium, an aviation consultancy, the Boeing 767-300ER readings were around 15% lower in mid-December compared to early 2020. Rob Morris, a consultant at Ascend, said the Delta aircraft are roughly 20 years old and valued at nearly $ 13 million to nearly $ 14 million between major maintenance cycles.

Delta and other airlines have hastened aircraft shutdowns to cut costs as the virus and a web of travel restrictions and quarantine requirements designed to help slow the spread of the disease have kept many potential customers at home.

Delta announced in June that it would retire seven of its Boeing 767-300ER jets by the end of 2020 and announced in October that it would retire the remaining 49 of its 767-300ER aircraft by the end of 2025.

Gary Cohn joins IBM as Vice Chairman

Gary Cohn, former President of Goldman Sachs and economic advisor to President Donald Trump, joins IBM as vice chairman.

Cohn announced the move in a tweet Tuesday morning in which he said it was “an honor” to be a member of the company’s board of directors.

IBM shares rose around 1.2% after the news.

CNBC’s Jim Cramer said the announcement was “an exciting move for IBM. Gary can be a change agent.”

In the new role, Cohn will act as advisor to IBM CEO Arvind Krishna, who took over the company in April with a promise to expand its reach into artificial intelligence and cloud computing.

That could make Cohn an unusual choice, given that his experience is mostly in finance and economics. He served Goldman as chairman and chief operating officer for nearly 11 years before accepting Trump’s appointment as director of the National Economic Council.

While at the White House, he helped Shepherds through the record tax cut package in 2017, but later ran into conflict with the president. He left the advisory position in April 2018 and was replaced by former CNBC host Larry Kudlow.

After returning to the private sector, Cohn soon entered the venture capital space and co-founded Cohn Robbins Holding Corp. with Cliff Robbins. Despite accepting the position at IBM, Cohn said he would continue to work with Robbins.

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RHOD’s Tiffany Moon ends in Brandi Redmond’s racist video

Turn controversy into a “teachable moment”.

The real housewives of Dallas’ Dr. Tiffany Moon ends on co-star Brandi RedmondThe past offensive video of the past showed the reality star as an “Asian” woman because she has “screwed up” eyes. The 2017 video reappeared on social media in January 2019 after the fourth season of RHOD. This led to fan allegations of insensitivity and racism, and prompted Brandi to check into a wellness center to “reflect and improve” himself and to apologize publicly.

Now RHOD’s newest housewife reveals how she felt about Brandi’s actions.

“The video came out after last season was over,” Tiffany told E! News exclusively ahead of today’s season five premiere. “It really had nothing to do with me, but I felt responsible for bringing up Brandi about it because I think when she did it meant no harm to her and she didn’t know how her words and actions could be interpreted by many people like me being hurtful or bringing back memories of certain names and saying that I have slim eyes and things like that. So I wanted to address her personally. We only did it for her and me because I wanted her to know. Sometimes you mean not that your actions and words do harm, that they can be hurtful. “

UK Delays Second Pfizer / BioNTech Admission: This is What We Know

The medical staff will receive the Pfizer-Biontech Covid-19 coronavirus vaccine in the Favoriten Clinic in Vienna on December 27, 2020 on the occasion of the launch of the Pfizer-BioNTech Covid-19 coronavirus vaccine.

Georg Hochmuth | AFP | Getty Images

The UK’s decision to delay the administration of the second dose of a coronavirus vaccine is controversial as experts, advisors and vaccine manufacturers weigh the strategy.

The UK was one of the first countries in the world to launch a mass vaccination campaign against the coronavirus after approving the Covid-19 vaccine developed by Pfizer and BioNTech in early December. Oxford University and AstraZeneca began rolling out the vaccine on Monday of this week after it was approved for use just before the New Year.

As both vaccines require two doses per person, the UK government initially said that a second dose would be given either three or four weeks after the first dose, depending on which vaccine was given and in line with the dosage regimens tested in clinical trials.

However, a break of up to 12 weeks is now recommended to give more people an initial dose – and initial protection against Covid-19.

Concerns from the vaccine manufacturer

BioNTech and Pfizer have responded to the decision, saying there is no evidence that their vaccine will continue to protect against Covid-19 if the second shot is given more than 21 days after the starting dose.

“Pfizer and BioNTech’s Phase 3 study of the COVID-19 vaccine was designed to evaluate the safety and efficacy of the vaccine on a 2-dose regimen separated by 21 days. The safety and efficacy The majority of study participants received the second dose within the window specified in the study design, “the companies said in a statement to CNBC on Tuesday.

“Although data from the Phase 3 study showed partial protection from the vaccine as early as 12 days after the first dose, there is no data to show that protection is maintained after 21 days after the first dose.”

The companies said it was now “critical to conduct surveillance efforts” with alternative dosing schedules in place.

The final analysis of data from the Pfizer / BioNTech clinical trials found the vaccine to be 95% effective given seven days after the second dose in preventing Covid-19.

For the Oxford University / AstraZeneca candidate, the interim analysis of the late-stage study results was somewhat more nuanced, as the vaccine doses to the study participants showed an anomaly. When the vaccine was given in two full doses, it was found to be 62.1% effective, but when some study participants received half a dose followed by a full dose of 90%. In both dosing regimens, the two shots were given one month apart. AstraZeneca was not immediately available for comment on the UK’s decision to postpone the second dose.

Reasons for the decision

The decision to extend the dosage window is made as UK hospitals struggle with increasing admissions. The coronavirus is running amok in the UK, with a new, transmissible strain of the virus spreading exponentially in London and the South East, and now appearing in other parts of the country.

To date, the country has recorded over 2.6 million cases of coronavirus and more than 75,000 deaths, according to Johns Hopkins University. The UK recorded 58,784 new cases on Monday and has now reported more than 50,000 new coronavirus cases for seven days in a row. On Monday, British Prime Minister Boris Johnson announced a third nationwide lockdown for England.

Against this dire backdrop, the UK Medicines Agency, Joint Vaccination and Immunization Committee and the UK’s four chief medical officers agreed to move the gap between the first and second vaccine dose to “protect the greatest number of people in India” the shortest Time. “

There are signs that other Britain may follow suit. The German Ministry of Health is now asking an independent vaccination commission for advice on whether the British strategy on dose delay should be adhered to. Denmark has reportedly already approved a delay of up to six weeks between the first and second vaccinations.

‘Finely balanced’

So far, more than a million people in the UK have been vaccinated with the Pfizer / BioNTech vaccine, according to government figures, and some, like the first recipient of this vaccine outside of a clinical trial, have received their second dose.

But now, thousands of others in the top priority category are being told to wait up to 12 weeks for their second dose.

The British Medical Association described the move as “grossly unfair” to thousands of high-risk patients in England, but the UK’s Independent Scientific Advisory Group on Emergencies (SAGE) said in a statement released on Sunday that it was a “very difficult and finely balanced” move be decision. “

In response to the BMA’s concerns, SAGE said, “Under normal circumstances, we would advocate continuing our previous plans to give two doses of the Pfizer BioNTech vaccine 21 days apart. However, these are not normal circumstances, and so it is are other important public health considerations. “

The UK is prioritizing vaccination of elderly care home residents, their carers, people over 80, and frontline health and social workers.

The country has pre-ordered 40 million doses of the Pfizer / BioNTech vaccine, enough for 20 million people, and signed a contract with AstraZeneca for 100 million doses, enough for 50 million people. There are around 66 million people in Great Britain.

VMware is dedicated to closing the gender hole by 2030

VMware is committed to achieving gender equality as part of its list of goals to achieve this decade, COO Sanjay Poonen told CNBC’s Jim Cramer on Monday.

The cloud computing and virtualization software company has set 30 goals to be met by 2030 and it is one of the most important initiatives to address workforce composition.

“We want more diversity in the workplace. We are committed to ensuring that 50% of our managers are women,” he said in an interview with “Mad Money”.

VMware, a global company that offers services to connect apps to data from anywhere, employs 31,000 people, according to FactSet. According to the most recent figures released in January 2020, 74% of VMware’s workforce is male and nearly 26% female. The leadership roles in the company reflect the gender gap. Around 24% of these positions go to women and almost 76% to men.

The racial split of VMware’s US workforce is even worse: only 3% of roles are occupied by African Americans, 5.8% by Hispanic or Latin American workers, and 31% by Asians. The figures for management positions are 1.5%, 3.8% and 26%, respectively.

Workforce diversity became a hot topic again in 2020 following protests against the widespread murders of black Americans like George Floyd and Breonna Taylor, which rocked the nation amid a global pandemic.

“We want to hire a woman for every man we hire and really see a more diverse workforce with underrepresented minorities and women,” Poonen said.

VMware stock was down 1.1% on Monday, the first day of trading of the new year, to $ 138.68. Shares were down 7.6% in 2020, ending the year at $ 140.26.