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President Trump's steel tariff could cost Ford and General Motors billion a year.That's the hit each company could take if the tariff translates into a similar increase in steel prices, according to a Goldman Sachs analysis. Trump has proposed a 25% tariff on imported steel, along with a 10% tariff on aluminum. billion represents 12% of Ford's profit last year and 7% of GM's, the analysis said.The report looked at Ford and GM's 2017 production mix to make its calculation.Ford said in a statement that the tariffs "could result in an increase in domestic commodity prices — harming the competitiveness of American manufacturers." GM said it supports trade policies "that enable U.S. manufacturers to win and grow jobs in the U.S."Both automakers say they use mostly American-made steel for vehicles they make in the United States.Trump argues that the tariffs will bolster US production of steel and aluminum and combat unfair trade practices. But businesses outside the steel and aluminum industries have warned that the tariffs will lead to higher prices and hurt the economy.The American International Automobile Dealers Association, which was formed to advocate free trade, said car prices could go up "substantially." The group also warned that retaliatory tariffs from other countries could drive up the price of US goods in general. 1366

President Donald Trump's former attorney and "fixer" Michael Cohen said he is "done being loyal" to his former boss and admitted that he knew what he was "doing was wrong" when he arranged payments during the 2016 election to silence women who claimed to have had affairs with Trump."I'm done with the lying," Cohen said in an interview with ABC News' George Stephanopoulos that aired Friday. "I'm done being loyal to President Trump. My first loyalty belongs to my wife, my daughter, my son and this country."Reiterating what he said in his guilty plea in August, Cohen told ABC News that Trump directed him to make the payments because Trump "was very concerned about how this would affect the election."Asked whether Trump knew it was wrong, Cohen replied, "Of course.""I knew what I was doing was wrong," Cohen said. "I stood up before the world (Wednesday) and I accepted the responsibility for my actions."Asked why he should be believed, Cohen replied, "Because the special counsel stated emphatically that the information that I gave to them is credible and helpful. There's a substantial amount of information that they possess that corroborates the fact that I am telling the truth."President Trump said in an interview with Fox News Thursday that he "never directed (Cohen) to do anything wrong.""I don't think there's anybody that believes that," Cohen told ABC News of Trump's denials. "First of all, nothing at the Trump organization was ever done unless it was run through Mr. Trump."The president's former fixer -- who once said he'd "take a bullet" for Trump -- told ABC he "gave loyalty to someone who truthfully does not deserve loyalty" and that he "should not be the only one taking responsibility for his actions.""So, (Trump's) still lying?" Stephanopoulos asked."Yes," Cohen responded.Cohen was sentenced to three years in prison Wednesday after pleading guilty to campaign finance violations, tax evasion, making a false statement to a bank, and making false statements to Congress.He had pleaded guilty in August in a Manhattan US attorney's case to two campaign-finance violations tied to payments he made or orchestrated to adult-film star Stormy Daniels and former Playboy model Karen McDougal to stay silent about alleged sexual encounters with Trump.Prosecutors have said that in executing the payments, Cohen "acted in coordination with and at the direction of" Trump, who has denied having the affairs with the two women.Cohen said Trump is a very different person than the man he used to work for."I think the pressure of the job is much more than what he thought it was going to be," Cohen said. "It's not like the Trump Organization where he would bark out orders, and people would blindly follow what he wanted done. There's a system here -- he doesn't understand the system." 2821

President Donald Trump’s physical Dr. Sean Conley confirmed Friday that the president is taking an experimental antibody treatment to help him fight the coronavirus following his diagnosis this morning.Dr. Conley said Friday afternoon that Trump is "fatigued."Trump is taking the Regeneron antibody cocktail, which is currently in a clinical trial. Conley said that Trump has been treated with a single 8 gram dose, which Conley said was infused "without incident."Trump is also said to be taking Vitamin D, zinc, famotidine, melatonin and daily aspirin. The Regeneron trial has only been tried on 275 patients as of this week, but the company said earlier this week that it has showed promising results.Regeneron confirmed that Trump was given the treatment under a "compassionate use request.""In the USA, this type of compassionate use program is also known as an Expanded Access Program (EAP) and is intended for patients with serious or life-threatening conditions, who do not have any viable or available treatment options, and are unable to participate in ongoing clinical trials," Regeneron said in a statement. The plan is to enroll 2,000 patients in early studies of the treatment."After months of incredibly hard work by our talented team, we are extremely gratified to see that Regeneron's antibody cocktail REGN-COV2 rapidly reduced viral load and associated symptoms in infected COVID-19 patients," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer of Regeneron. "The greatest treatment benefit was in patients who had not mounted their own effective immune response, suggesting that REGN-COV2 could provide a therapeutic substitute for the naturally-occurring immune response. These patients were less likely to clear the virus on their own, and were at greater risk for prolonged symptoms.The treatment is a combination of two monoclonal and was designed specifically to block infectivity of SARS-CoV-2, the virus that causes COVID-19, the company said.“The two potent, virus-neutralizing antibodies that form REGN-COV2 bind non-competitively to the critical receptor binding domain of the virus's spike protein, which diminishes the ability of mutant viruses to escape treatment and protects against spike variants that have arisen in the human population, as detailed in Science.” Regeneron said in a statement. “Preclinical studies have shown that REGN-COV2 reduced the amount of virus and associated damage in the lungs of non-human primates.”According to Regeneron, the treatment has been tried on hospitalized and non-hospitalized patients and as a preventative for those who have had close contact with coronavirus patients. So far, the drug has been particularly promising for non-hospitalized patients.Regeneron said the treatment reduces the viral load from the coronavirus, and boosts the body’s immune response to the virus. 2890

President Donald Trump's former attorney and "fixer" Michael Cohen said he is "done being loyal" to his former boss and admitted that he knew what he was "doing was wrong" when he arranged payments during the 2016 election to silence women who claimed to have had affairs with Trump."I'm done with the lying," Cohen said in an interview with ABC News' George Stephanopoulos that aired Friday. "I'm done being loyal to President Trump. My first loyalty belongs to my wife, my daughter, my son and this country."Reiterating what he said in his guilty plea in August, Cohen told ABC News that Trump directed him to make the payments because Trump "was very concerned about how this would affect the election."Asked whether Trump knew it was wrong, Cohen replied, "Of course.""I knew what I was doing was wrong," Cohen said. "I stood up before the world (Wednesday) and I accepted the responsibility for my actions."Asked why he should be believed, Cohen replied, "Because the special counsel stated emphatically that the information that I gave to them is credible and helpful. There's a substantial amount of information that they possess that corroborates the fact that I am telling the truth."President Trump said in an interview with Fox News Thursday that he "never directed (Cohen) to do anything wrong.""I don't think there's anybody that believes that," Cohen told ABC News of Trump's denials. "First of all, nothing at the Trump organization was ever done unless it was run through Mr. Trump."The president's former fixer -- who once said he'd "take a bullet" for Trump -- told ABC he "gave loyalty to someone who truthfully does not deserve loyalty" and that he "should not be the only one taking responsibility for his actions.""So, (Trump's) still lying?" Stephanopoulos asked."Yes," Cohen responded.Cohen was sentenced to three years in prison Wednesday after pleading guilty to campaign finance violations, tax evasion, making a false statement to a bank, and making false statements to Congress.He had pleaded guilty in August in a Manhattan US attorney's case to two campaign-finance violations tied to payments he made or orchestrated to adult-film star Stormy Daniels and former Playboy model Karen McDougal to stay silent about alleged sexual encounters with Trump.Prosecutors have said that in executing the payments, Cohen "acted in coordination with and at the direction of" Trump, who has denied having the affairs with the two women.Cohen said Trump is a very different person than the man he used to work for."I think the pressure of the job is much more than what he thought it was going to be," Cohen said. "It's not like the Trump Organization where he would bark out orders, and people would blindly follow what he wanted done. There's a system here -- he doesn't understand the system." 2821

RAMONA (KGTV) - Seven acres burned in a brush fire near downtown Ramona Saturday, according to CalFire. At 6 p.m. Cal Fire PIO Issac Sanchez said the fire was 20% contained.The fire burned near Montecito Road and North Ramona Street.Hundreds of neighbors were evacuated from the Ramona Mountain Valley Apartments, where the fire burned right up to their fence. Juliette Farey, a mother and resident at the complex said she was coming back from her son's birthday party and when she saw the smoke, she knew her home was at risk."We were scared for our lives," she said.Farey said the unruly gold bushes on the other side of the fence were out of control, and wished they would be better maintained to keep a fire from happening in the future.Sanchez said the fire started with a pile of debris in the riverbed then spread to nearby grass. Sixty-five fire fighters responded, working to protect neighbors, two planes and a helicopter also jumped into action to help. Farey believes homeless who live in the riverbed started the fire, saying the high rent is to blame. "They probably lit a fire in the river bottom to stay warm," she said.Other residents were terrified, saying they've never experienced a scare like this."There was just this wall of smoke. I grabbed our animals and my daughters," Angelina Rios said police banged on their door urging them to get out and that's when they saw the wall of smoke steps away.Her daughter Destiny Minjares described the fear gripping her and her neighbors, that turned to excitement as a helicopter soared just over their heads dropping water.Destiny said they got splashed and everyone cheered after the successful maneuver, a feeling that quickly faded as they saw the fire was still raging nearby.Firefighters got a handle on the fire around 6 p.m. The evacuations have been lifted. All road closures have been lifted as well. Firefighters are expected to be at the scene for several hours.This is a developing story. 10News will update as details become available.  2101