News@noon: Trump vs Mexico; sex sting
Today is Thursday, Jan. 26, 2017, and the automakers are reporting their financial results for last year.
So far we know that Fiat Chrysler Automobiles reported “record results” in 2016, with adjusted earnings of 6.1 billion euros (about $6.5 billion). Revenue for the company increased slightly in 2016 to more than 111 billion euro ($119.1 billion).
Ford Motor Co. reported 2016 net income of $4.6 billion that dropped by about 38 percent from 2015, largely due to a $2 billion impact because of an accounting change involving the way the company now measures pension obligations.
General Motors' results aren't coming out until next week.
Today, we also learned what kind of profit shares autoworkers will be getting. About 40,000 United Auto Workers with FCA next month will receive average profit-sharing payments of $5,000, according to the company. And Ford's profit sharing? A whopping $9,000 on average for 56,000 UAW workers.
Here's what else we are following today:
More lawsuits against doctor
- The lawsuit against Dr. Larry Nassar started with 18 women and girls two weeks ago. The case now involves 22 after a new filing Wednesday in federal court.
- Separately, Nassar is charged with sexually assaulting a girl at his Lansing-area home. He also is charged in federal court with possessing child pornography. He’s locked up without bond.
- A 39-year-old Trenton man faces up to 20 years in prison after he allegedly tried to arrange a meeting with an underage girl but instead met up with a Macomb County Sheriff's deputy.
The border wall
- President Donald Trump moved aggressively to tighten the nation’s immigration controls Wednesday, signing executive actions to jump-start construction of his promised U.S.-Mexico border wall and cut federal grants for immigrant-protecting “sanctuary cities.” As early as today, he is expected to pause the flow of all refugees to the U.S. and indefinitely bar those fleeing war-torn Syria.
- President Trump’s border wall plan has blown up into a showdown with Mexican President Enrique Pena Nieto just days before the Mexican leader and Trump are scheduled to meet face-to-face in Washington.
- Trump blasted Pena Nieto today for saying Mexico would refuse to pay for a barrier on the U.S. southern border, saying in a tweet that trade has been a “one-sided deal” for Mexico’s benefit and that “If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.”
- A reality check: U.S. taxpayers will foot the bill, starting with money already in the Department of Homeland Security account that amounts to a small down payment. Then it’s up to the Republican-led Congress to come up with $12 billion to $15 billion more, according to an estimate offered by Senate Majority Leader Mitch McConnell, R-Ky., today from a GOP issues retreat in Philadelphia. Even Paul Ryan said today the U.S. will be paying billions for the wall.
What are the odds?
- Serena Williams is one win away from a record 23rd Grand Slam title after setting up an all-Williams final at the Australian Open. Now the only person standing in her way is her older sister, Venus.
- "She's my toughest opponent — nobody has ever beaten me as much as Venus has," Serena Williams said. "I just feel like no matter what happens, we've won.
A 10-year-old surfer has had a close encounter with a photo-bombing shark that shared a wave with him off an Australian beach. Chris Hasson said he was taking photos of his son Eden riding a wave off Samurai Beach at Port Stephens, 110 miles north of Sydney, on Tuesday when something unexpected and indistinct caught his eye. He discovered he had photographed the face of a twisting shark just below the surface with his son on an apparent collision course.
Celebrating Black History
- Here is a partial list of activities and events honoring Black History Month in Metro Detroit
A record on Wall Street
- A Dutch satirical show’s video introducing the Netherlands to the new Trump administration now has the ministerial seal of approval. Not to mention a viral following.
- In China, Twitter is blocked but fake tweets by @realdonaldtrump look set to become the latest internet sensation.
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