. -- remember the ford pinto? joe: i don't. . recall reading about it >> somebody in the u.s. was indicted for selling food knowingly contaminated with salmonella. story, whyteresting is it that we hold individuals to a high moral standard? if the banks, car companies, food companies, we are finding violations. it undermines people's trust in authority. alix: nevertheless, we have seen volatility across the currency markets. you can see what it has done to emerging-market currencies. this is starting volatility for the last week. boom, that is no joke. >> i do not think it has anything to do with volkswagen. i think it has to do with the federal reserve and with china. the fascination lasted about a decade, that it is over. -- but it is over. we need to have the federal reserve easing. we need to see a weaker dollar. and you need to see higher commodity prices. currency,ing market they have not done well since we got this dovish hold. >> most people agree with what the federal reserve said. 13 out of 17 fed officials expect a hike this year. does it really matter so much wheth

. >> think about, remember the ford pinto? joe: i don't. i recall reading about it. >> and just yesterday somebody was indicted for selling food, knowingly contaminated with salmonella. i think that the more interesting story is why is it that we hope that cold --individuals to a moral standard, but we are finding with companies that are violations, it undermines trust in authority, whether it is the bank, the government, and companies. alix: we have seen volatility across the currency markets and if you look at the terminal, you can see what has done to currency. this is turning volatility for the last week between emerging market currencies and the dollar, this is serious volatility. >> i don't think that it had to do with full wagon, it had to do with china. emerging markets, that fascination last a decade. there are four things, you need to have strong world growth, you have had easing, a weaker dollar, trending higher and you need to see higher commodity prices. fed you need to see the easing, the emerging market currency, if you look

we are talking previous scandals from ford pinto to toyota, injuries and fatalities, and no one has died here. perhaps a little lung congestion, and that is not a good thing. but right, it's a bad scandal. it is corrupt. and unseemliness is driving it home for a company, a studious company -- you picture of volkswagen, an intelligent german company with the following of educated car nerds. it is like a frat boy move, cheating on the test is the last thing you would've expected from volkswagen. erik: jeffrey, lawrence is right, nobody has died and nobody will die as a result of this scandal, at least not directly because volkswagen cheated on its emissions test. at the same time, we are talking about tens of billions of dollars in potential penalties. we are talking currently about 11 million cars, but that is 11 million cars and volkswagen only. we have no idea which other carmakers may ultimately become embroiled. jeffrey: that's right. we can already see from the movement of stock prices of other automotive makers that there is some concern. until investigations, internal investigation

we're talking about previous scandals from ford pinto to toyota, general motors, injuries, fatalities. no one has died here. perhaps a little lung congestion, and that's not a good thing, but, right, this is a -- it's a bad scandal. it's corrupt. it's the unseemliness that's driving it home, for a company to -- you know, a studious company, you picture volkswagon as this intelligent, german company, educated car in other words, it's almost like a frat boy cheating on a test. it's the last thing you would have expected from volkswagon. >> shatzker: jeffrey, lawrence is absolutely right, nobody's died or will die as a result of the scandal, at least not directly because volkswagon cheated on its emissions tests, but we're talking tens of billions of dollars in potential penalties and currently about $11 billion cars at volkswagon only. we have no idea which other carmakers may ultimately become embroiled. >> well, that's right. we can already see from the movement of stock prices of other automotivemakers that there is some concern. until, you know, internal investigations are conducted

neil: the other is the cheaper ford pinto. >> that is their baseline one.t would worry me. >> they tested already in april actually. they said they will do it more over the -- neil: why can't these guys get together? obviously very hard for even billionaires to compete with the money nasa used to get in the heyday of space in inflation adjusted terms. if all the billionaires came together to combine resources? >> if think all came together you can imagine what spaceflight they con put together. they want their own kind of profit margin. >> i understand. we're still hitching rides to get into the space we conquered with the russians. any of these guys helping in that regard? >> boeing and spacex and elon musk they have plans in place to do that. just -- neil: got to get it right. >> exactly. last week spacex unveiled glitzy interior what the new seven-man rocket spaceship will look like. the new shepherd vehicle, the passenger, orbit tall one blue origin is doing. has some of the same amenities. guy and wint dose. it will launch up and come back down. they w

because he lives through it, the first corporate criminal case is brought against ford motor in modern times for the pinto which you may remember had a gas tank in the back when it was rare-ended at low speeds, it turned into a fire ball and killed everybody inside it. it was the county prosecutor, prosecutor in indiana who brought the charges. unfortunately he lost. didn't have a great job. ford motor company paid $2 million for defense, he had $20,000 available to him, but he's craj -- courageous. i still tip my hat to him. the briefly idea of telling some of these stories, i mentioned a few of the details, but i thought that would be sort of tiddous, where you manage to convince yourself to read these thousands of pages of very boring reports, and i'm not suggesting that you would, you should, you would be really surprised by some of the things that go on and how obvious it should be that people's lives are endangered. i want to say that we already gun work in the would recollecter safety areas things to the public welfare foundation, we actually are working on trying to make coikses with state and loc

because he lived through it is that the first criminal case was brought against ford motor in the modern times for the pinto, which you may never have a gas tank in the back when it was i was rear-ended at a relatively low speeds it turned into a fireball and killed everybody in sight of it and it was a county prosecutor. he covered the case. the county prosecutor in elkhart indiana who brought the charge. unfortunately he lost, ford motor company paid $2 million through its defense. i don't take my hat to him whenever i think about it. so this won't be easy and i don't want to pretend that it will. i toyed around with the stories and i mentioned the details but i thought it would be sort of tedious. just take my word for the fact that if you are able to manage or to convince yourself to read these thousands of pages of the very boring reports, and i'm not suggesting that you would, you should be surprised by some of the things and how obvious it should be that people's lives are in danger. i want to say that we have already begun work in the workers safety area thanks to the public welfare foundation we ac