parts move back and forth. you can have u.s. parts going to mexico and coming back. it s difficult to assess. if you look at some of the analysis done by independent organizations, if the tariffs get folded out. you get to 25%. you can see an increase of there are 1,300 of her automobile. you could see plants shutting down because sales could drop. in fact. she is also worried that you could see folks postponing car purchases, buying used cars or postponing them, that would have a big economic impact. not just for the auto industry it would ripple through the whole economy. is she making that case or asking you to? i think the folks from the auto industry has been making that case. i certainly hope they are talking directly to the president. so are you on the senate homeland security committee. so you know an awful lot and you know these new numbers that came out today, the highest monthly crossings and apprehensions in 13 years. up 32% from april.
you could see plants shutting down because sales could drop. in fact. she is also worried that you could see folks postponing car purchases, buying used cars or postponing them, that would have a big economic impact. not just for the auto industry it would ripple through the whole economy. is she making that case or asking you to? i think the folks from the auto industry has been making that case. i certainly hope they are talking directly to the president. so are you on the senate homeland security committee. so you know an awful lot and you know these new numbers that came out today, the highest monthly crossings and apprehensions in 13 years. up 32% from april. and you know there are supporters of the president who will point to this and say these numbers justify any tool available to get mexico maybe to do more on border security, even tariffs. what would you say to those people? i say we got to use a lot of tools. this is a very complex problem. i was just down at the bord
of porsche. was not among the ones they were looking for this was a big investigation more than one hundred sixty police officer and more than thirty federal prosecutors were part of the raid which was happening at different locations and bavaria and also in the federal state or by inverting back daniel when s this going to end when am i going to come into work and not see the word diesel gate you know run down. well i think there s yeah that s the big question here while investors here already used to rather bad news from the auto my the industry about this topic they finally once again good news from the company s headlines like this are extremely negative but they re also telling me they don t think that this is going to be the last rate it will be talking about or if it was daniel here s a related story for you that i want to ask you about last month so a drop in car sales across europe the first since twenty fourteen that has some economists worried you car purchases are an indica
for most of the last year. one of the big drivers of growth has been the car industry. u.s. carmaker sold 15.6 million cars last year. it was their best year since 2007. add 173,000 jobs in the last years. joining me from the wall street journal, good to see you. good to see you. good afternoon. why are auto sales the bright spot kind of revving the economy? one of the big things, have you to understand u.s. auto industry upd went massive restructure, able to close dozens of plants, union contracts rewritten. in the case of gm and chrysler, they were able to clean up their balance sheets during bankruptcy. all this helped them come out stronger on the other end. on the consumer demand side, during the downturn there was a lot of people who delayed new car purchases.
there is a tragedy going on. if you look deeper into the number over 43.6% of young americans have full-time work right now. so if you are in my generation you are not finding economic opportunity. reporter: the implications are ominous. working will need to foot the bill for retirement for baby boomers. obama care depends on the young to support the cost of the elderly. the average adult american pays ten percent of their income to pay for their adult children. a third of my peers 18 through 29 year olds are moving back in with their parents. reporter: research shows they are delaying marriage and putting off car purchases and home purchases. the president believes that is about to change. if you look at the numbers the amount of new family formation is going to be increasing fairly rapidly. there is going to be pent up demand. reporter: it all hinges of