rupert stadler is the highest ranking official in the vw group to be detained for questioning.of the whole diesel emissions scandal. vw as a whole have sold and admitted to having sold 11 million vehicles fitted with so—called cheating software, the software that made cars seem a cleaner in testing than they were in reality when sent out on the road. the allegations around rupert stadler who is ceo of audi, one of the brands within the vw group, revolved around an e—mail back in 2015. this e—mail allegedly proves that mr stadler may have known about the cheating software and still let the cars be manufactured and sold. if this is true, that would be fraud and charges could well be made. right now, though, mr stadler is still nowjust being questioned and the rest of the vw group are in crisis talks. on the one hand, they're trying to sort out the leadership in general and trying to figure out where to go next at this next stage of the whole diesel emissions crisis. also, though, to find an interim leader, a backup boss who can step in that while mr stadler is being investigated.

the vw brands.rarily, daimler is in the naughty corner, but the market will get over that. consumers are very loyal to their brands. the quality of mercedes cars is unquestionably good. matt: i want to ask quickly about the specter of protectionism, of trade concerns. about donaldhink trump's trade tensions, especially after the last g7 meeting? look, he continues to threaten, especially german oems with significant tariffs. tariffsalk up to 25% shipping cars into the u.s. twogermans are shipping point 5%. if anything comes close to 25%, they wouldn't sell a single car with a profit into the united states. that is very clear. the final outcome will be a harmonization between tariffs andeen the eu and the u.s. with that, everyone could make a good living. mark: thanks for coming in, ardt core isi.st at ever next, the trump news conference, we are standing by. we will get reaction to today's summit. ,ore with the secretary-general who joins us 1:30 p.m. u.k. time. this is g. ♪ matt: very special bond.

a mint condition pink vw wor $150,0.urse, most hot wheels have a bit more wear and tear. >> that was awesome. >> reporter: a sign of kids' love for these pocket-sized cars that zoomed into play rooms 50 years ago and never left. anybody else want to be a kid again? >>> tomorrow at the end of the broadcast in our "those who serve" report, you'll meet parents who made a life-changing decision after being so touched by the care given to their sick baby in the hospital. that's "nightly news" for this tuesday night. i'm lester holt. for all of us at nbc news, thank you for watching and good night. now: good evening and thanks for joining us on this election night. i )m jess >>> the news at: 6:00 start the recei right now. thanks f thanks for joining us on this election night. >>> we've learned san francisco homici homicide detectives are looking into another miss tearous death. a woman was found dead in a hallway. she had been brought in on a psychiatric hold. she was being held in the hallway when she asked to use theathroo

vw says the chief executive of its audi unit has been taken into custody.tors say he was arrested because of concern he would tamper with evidence. bloomberg learned vw is preparing to name the audi sales interim executive. >> the rest puts them in a difficult situation. it provides fresh ammunition for many investors that have sued volkswagen over the suspicion they might have been too slow to inform the overall market about the magnitude of the cheating. so far, volkswagen's defense line was that the cheating on the diesel emissions has been restricted to a pretty small group of rogue engineers and with the arrest of one of the most high-profile executives who has been in charge of audi for almost 10 years, that really does paint a different picture from what the volkswagen defense line has suggested. >> volvo is opening a new plant in south carolina to build a s60 sedan for all over the world, including back in china. given all that is going on in the world with trade, why south carolina? >> first of all, with all the nervousness, we are very glad we are

. ♪ mark: getting some breaking news on vw.n automaker has excepted a one billion euro fine from german prosecutors in the diesel case. it has admitted responsibility after the market close. vw accepting this one billion euro fine from german prosecutors in the diesel case. we will bring you further details on that when we get them. vonnie: house speaker paul ry has brokered a deal on the -- some protection for immigrants brought to the u.s. as children. we are joined by a key lawmaker in the debate,epublica representative jeff denham from california. he comes to us live from capitol hill. thank you for joining. i'm curious as to how much you know about what is in the bills coming to the floor next week. rep. denham: we've been negotiating for the last several weeks. we are trying to close this out so we can bring it up for a vote next week. most essential piece of this, it protects dreamers from day one. re out tking a going to school. this protects them and allows them to serve in the military as well. we want to make sure th

how many vw cars catch fire? we don't know! thank you so much for being in this morning.ur company, i will see you very soon. goodbye. well, after a fairly cloudy weekend, some of us will be waking up to some decent sunshine first thing on monday morning, but not absolutely everywhere. and as far as the weather goes for the week ahead, well, it looks like summer is going to return to southern and central part of the uk. certainly warming up by tuesday and wednesday. the north, however, unsettled with some rain. now, this is what's happening right now. there's still a lot of cloud there in the atlantic, and it is pushing in the direction of the uk. so during the course of this morning and this afternoon, the clouds in some areas will actually increase after that bright and sunny start. so this is what it looks like through the early hours. we still have cloud in south—eastern and southern areas. mist and murk as well. by the time we get to 6:00pm, largely clear skies in many western and northern areas. and then, through the morning, we will see a atlantic winds once again

unexpectedly arrested over his role in an emissions cheating scandal that has spread from its core vws sued the firm xerox for over $1 billion for breach of contract and estimated damages. the printer and photocopier company walked away from a planned merger earlier this year. the deal would have seen xerox merge its business with an asian joint venture. the company operates with fuji, handing fuji majority control. the auditing work of one of the world's big four accounting firms has been sharply criticised by the industry's watchdog in the uk. kpmg audits had shown an "unacceptable deterioration" and will be subject to closer supervision, the financial reporting council said. it added that all the big four, which also include pwc, ey and deloitte, needed to reverse a decline. that show you the markets once again. it has been pretty bad. that is the clothes in the united states late yesterday. the future looking ahead to the us open are all very negative. let's look at asia if we can. i don't know if we have those numbers... no. that is how europe close yesterday. europe will react t

vw said it did not plan to appeal — and had admitted "its responsibility for the diesel crisis".early last year. france's parliament has backed a bill to overhaul the country's heavily indebted state railway company, sncf. the vote is seen as a victory for president emmanuel macron and a blow to rail unions. they staged three months of rolling strikes over the bill, which scraps employee benefits such as early retirement and job for life guarantees. that's it for business briefing this hour. up next, newsbriefing. but first, the antarctic ice sheet has lost about three trillion tons of ice since 1992, according to the most complete, satellite study of the continent ever undertaken. an international team of polar scientists say antarctic ice losses have increased global sea levels by almost 8mm since 1992 — and the melting is speeding up. 0ur science correspondent victoria gill looks at the findings. up close, it's a pristine, frozen wilderness. but viewed from space, antarctica is changing rapidly. it revealed ice loss at the bottom of our planet is speeding up over time. the con

in march, vw announced it's planning to end production of the iconic model. >> that won't change they business at one of the few auto shops dedicated exclusively to repairing them. don dahler paid them a visit. ♪ >> reporter: they are the humblest of cars, designed in germany in the 1930s, they gained popularity as part of the '60s counter culture. volkswagen beetles a notoriously underpowered, re offered with no frills, a bas design that didn't markedly change for decades but they are arguably the most popular cars in history. once ubiquitous on america's highways, bug, now a cherished rarity. just ask these proud owners taking part in an annual fall foliage cruise on the east coast. organized by chris vallone. >> we had 50 cars and probably 85, 90 people showed up. people come from all over the country. evyey do o tbehaauty.ifornia >> 1962 convertible. >> reporter: vallone is himself a bug fanatic with his father, chris sr., he runs classic vw congers, new york, bugs pe irhaps the only shop in the world dedicated solely to the lowly beetle. what is it when you find the hidden treas

. >> bumbleb takes the form of this awesome vw hundreds of man hours and thousands of dollars went intolf as a driver. >> your driving is good. >> thanks. exactly a o confidence there. just to be clear, made the set visit before john and nicky called off their engagement. nice to see they're working on their relationship. >>> when we come back, the show you should be big >>> "e.t." brought to you by repatha. next on kron news at eight:eltion night! california voters will be deciding which two candidates will square off in the governor's race in november.we are live at election parties for the three top candidates.and san francisco is also voting on who will finish the remainder of the late mayor ed lee's are set to close in just minutes.our roundtable panel joins us live to break down all the bices, athe balancofpower in the nation's capitol. i'm ken wayne i'm pam moore. the news -- at eight -- is next. something incredible is coming to disney california adventure park. it must be epic! thg!...d come ride the incredicoaster. it's going to be simply exhilarating dahling! oh, look... anot

vw, winning a case in missouri case,he diesel cheating similar to what was going on in wyoming.you are going to see shares moving on this issue, but the market is on tenterhooks watching these stocks at the moment. decides the car market is going to be brought into it, you will see pressure on companies like vw. we will continue to cover that and all those other issues very closely. thank you for the scoop. continuewill watching on oil. you can get the top stories from the equities team on the bloomberg. type in first go on the terminal. subscribers can get first news the other t-mobile app. subscribers are not pointing anywhere this morning, but they move from green arrows to very little red arrows. we will watch what happens at the start of trade. this is bloomberg. ♪ to go until the start of cash trading in europe. euro-dollar currently trading 160. the crude market could set the pace, particularly for the ftse this morning. big move today as we heard from will kennedy of the team on crude. that is not probably priced into some of the european equities this morning. you will

. >> bumblebee takes the form of this awesome 1967 vw bug.housands of dollars went into building eight of these bay bees from the ground up. classify yourself as a driver. >> your driving is good. >> thanks. >> not exactly a vote of confidence there. just to be clear, i made the set visit before john and nicky called off their engagement. nice to see they're working on their relationship. >>> when we come back, the the show you should be binging right now. >>> "e.t." brought to you by repatha. your digestive system has billions of bacteria, but life can throw them off balance. try align, the #1 doctor recommended probiotic. with a unique strain that re-aligns your system. re-align yourself, with align. she pretty much lives in her favorite princess dress. but once a week i let her play sheriff so i can wash it. i use tide to get out those week old stains and downy to get it fresh and soft. you are free to go. tide and downy together. nata dog's big lifews is measured in wags. giant wags. tiny wags. long wags. wags that zig, and wags that zag.

group of which audi isa matter, the whole vw group of which audi is a part has been struggling withge scandal for three years now. as you remember that diesel emissions scandal first broke in 2015 when it was found that 11 million diesel ca rs was found that 11 million diesel cars worldwide had been fitted with what is called cheating software which made cars seem cleaner than they really were by fiddling the emissions tests effectively, and this is something that has now hit various brands in the vw group including audi and it is only really as far as investors and consumers 90, as far as investors and consumers go, once all these charges are clarified and the mess is cleared up that the company can really look forward , that the company can really look forward, because for years now they have been trying to sort out the manager structures of the news this morning that one of the ceos has been detained for questioning is really putting a spanner in the works for the whole group. how unusual is it that someone right at the top of an organisation like this is arrested for an issue wi

you can see vw 1% currently.eep on top of that decedent why he was arrested and whether he remains on bail or methinlike that. we will keep an eye on that. another question of want to ask you, we see a lot more activist shareholders. if this were to happen to a company that you were advising, what kind of advice would you give to the chief executive? stefano: activists have more and .ore important role not necessarily a negative role. activist many types of investors and private investors. they tend to challenge the company. sometimes actually bringing good ideas, sometimes not. the first advice with his do listen to them very carefully because they might have very interesting ideas to create for the company. planecond is to have a that is at least as good as they have because you need to convince investors that not only you are a good management and a good board but you have good ideas and know how to implement them. francine: thank you so much for coming on. i hope this is one of the first of many interviews. s

vw is still trying to do with the fallout. in may, former chief executive s charged by american prosec mislead regulars. to that regulators. -- mislead regulators. comcast halaunched a $65 llion bid for the media assets of 21st century fox. fer comes hot on the hee of a judge's ruling to allow the merger of at&t and time warner to go ahead. he all-cash offer fromd comcast woulclude fox's movie and tv studios, which includes titles leke the "x-men" franchise. in yemen, the saud coalition and forces loyal to the former president are attacking the country's main port they are trying to drive houthi rebels from the city. aid organizations say the attacks could cut off by the supplies to rebel-held areas. frank gardner has more. frank: trained and equipped by the uae and saudi arabia yemeni f, governmeces have been advancing on the red sea port of hodeidah. facing them are yemen's houthi rebels. mbdiplomats have been scng to prevent a bloodbath. e,e uae, which is leading much of the ground foays the patience with diplomacy has run

the public prosecutor found vw sold more than ten million cars with emissions—test—cheating software.sts are warning that antarctica is shedding ice at an accelerating rate. now on bbc news it's time for hardtalk. welcome to hardtalk, i'm stephen sackur. rodrigo duterte has been president of the philippines for two years. his war on drugs has cost thousands of lives. his human rights record has attracted international condemnation and prompted charges of authoritarianism. and yet he has an approval rating unheard of in most democracies. my guest today was, until last month, chiefjustice of the philippines. maria lourdes sereno was removed from the supreme court by her fellow justices. was that a victory against corruption, or a devastating, duterte—inspired blow to democracy? maria lourdes sereno, in manila, welcome to hardtalk. hello. hi, stephen. i'm glad to be with you. well, it is a pleasure to have you on the programme. i'm mindful that, just a month or so ago, you were the chief justice of the philippines supreme court. now, you are removed from the court, and you are perhaps th

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the public prosecutor found vw had sold more than ten million cars with emissions—test—cheating softwaredulthood down from 20 to 18. eighteen—year—olds will be able to marry and obtain passports without parental consent. the move, that'll take effect in 2022, aims to revitalise an ageing society. the uk space industry has suffered a blow in negotiations concerning the european satellite navigation system, galileo because of brexit. british companies have, in effect, been excluded from working on future satellite contracts. that's because other members of the european space agency have refused to delay their next order. the uk has spent more than a billion pounds helping to develop the technology. look closely and you'll see a racoon climbing up the edge of this building in minnesota. it caused quite a star in the city of st paul by climbing up — and up — a 25 storey building. crowds watched anxiously, and local media even streamed his perilous climb. after a short break on the 17th floor, the raccoon reached the roof, where a trap of tempting cat—food had been set. let's return to our to

in the same situation in, say, automobiles, if i don't like the air conditioning offered by vw, i can go and look at what's being offered by ford, and i can switch. so, obviously, the issue with monopolist is there is less choice for the consumer, and less competition for the consumer's preferences, which otherwise you would get in a more competitive market. so, you know, maybe if a dominant platform is selling ads that allow the coding jobs to be shown to men only, you know, if women figure this out, they don't have any where else to go. and so they can't even vote with their feet and look at some different ads. so i think that's the sense in which they are related. and then we have to consider if we want to fix those problems, what can we fix with competition policy and what do we need other regulatory tools to address. >> so we talked about how you agreed that microsoft is relevant today. and i'm curious you think whether microsoft time bun link leverage, i asked this of the last panel, working with the tools if you had to rank what the europeans refer to as gafa, google, amusan, f

the public prosecutor found vw sold more than ten million cars with emissions—test—cheating software.

vw, on the other hand, adui is audi by vw, but the ceo of is under investigation, they raided his houseion. alix: you have that and also potential tariffs coming from the u.s. on car imports, so how does angela merkel deal with that? david: a lot of cars today. suisseoming up, credit chief equity strategist will be joining jonathan ferro. that wraps it up for bloomberg daybreak america's. this is bloomberg. ♪ from new york city, i am jonathan ferro, this is the countdown to the open. coming up, investors shrugging off the foreign-policy and looking ahead to a string of macro events, u.s. inflation as the a six-year high beginning of the two-day policy meeting starts. the merger between at&t and time warner. about 30 minutes away from the opening bell. we are up about three points on s&p 500 index teachers and the euro dollar down to 1.18 and yields higher back to 3%. president donald trump and the north korean leader signing an agreement, seeking complete do legalization of the korean peninsula. investors shrugging off the theatrics. >> the market cannot even make up its mind whether th

mark the diesel cheating scandal : at vw has reached the executive level.hief executive of its audi unit has been taken into custody game of chicken. >> it is not my style, but if -- what you want to show is if you want to give someone incentive to see the world from your point of view, it does not help to remind them of your negotiating position. the fact is we go tit-for-tat. by the time you get to 100, they run out of things to apply a tariff to, and we do not. that is what you would do if you were crazy and really wanted to end free trade. that is what you would do if it was a negotiating position, you want to remind your negotiating counterparty of just how much firepower you had to bring to the negotiation. which one is it? john: do you think donald trump is a protectionist? he dislikes nafta. "rosenkrantzmember and i don't know what i would do in not sure, and i'm certainly not sure what he would do in his place, but if you ask me, can i give a narrative about how this is a useful thing to do , i can't say as a lot of people do with respect almost ev

some vw models but they are down in chattanooga and in mexico. this would have an impact on the high-end. perhaps not kidding his base -- hitting his base. you have a commerce department investigation going on, the same one used to justify the steel and aluminum tariffs. the suggestion at this point is that there is no look into narrowing which country we would limit the investigation to in terms of which auto imports are posing a risk to the u.s. goes thenvestigation way the steel and aluminum investigation went, where everybody is subject to tariffs, that would hit trump's base where you would see widespread increasing prices and challenging the detroit automakers that make a substantial number of vehicles all over the place, mexico, canada. ford is bringing vehicles from india and has plans to bring them from china. they: is the reason president says he is doing this is because he wants more automakers to build in the united states, but i was surprised to hear that bmw is the u.s. top auto exporter. how much is being built in the united states

vw also coming on the resumption of talks annette is in frankfurt covering this this seems like all of companies expressing regret, but share prices have not been badly impacted >> that's true i think a lot of that has already been factored in to the share price. when you look at the carmakers, they have been under water quite a bit. anticipation that such a move could come the big risk is that donald trump will impose a 25% import tax on european cars which would hurt the german carmakers. there are estimates up to additional costs of 4.5 billion euros, that would -- they're saying that every single car, which then would be imported to the united states is a lossmaking investment from the side of the german carmaker. we're nowhere close to that scenario, but it could happen. that risk is, of course, a major concern to the german carmakers. if we talk about steel, aluminum, we don't have a lot of aluminum producers in energy it's too energy intense, that business, but the steelmakers, they don't -- they're not overly concerned about that tariff. what should concern them and what i'm he

you're going to pay 25% tariff in terms of volkswagen, their brands, 12% of audi sold in the u.s. 5% of vwnd mercedes-benz, bmw i'll view you one other number you can be 100% certain trade will be the top of that agenda. >> a long agenda, a long weekend. willem marx in brussels. thank you. >>> speaking of autos, after decades of a policy to confuse the world that angered many, saudis finally lifted their ban on women drivers hadley gamble is live in riyadh, saudi arabia, with more. hadley >> reporter: hey, good morning, brian. women in saudi arabia finally in the driver's seat. we had the chance to catch up with several of them who are taking the wheel for the very first time let's listen in to what they had to say >> just moments ago saudi women finally taking the wheel you've made history. how does it feel today women in saudi arabia can finally drive. >> reporter: is this exciting to be able to drive >> yes i am very, very happy. >> reporter: it's just the latest move by the country's crown prince to transform a traditional society into a 21st century economy. >> saudi arabia had to com

in laurel, southbound vw parkway, the right side blocked by a crash there.hat is a new pro popped up.st the beltway looks good, though. ke earlier w zones are now gone. northbound 95, the ramp westbound prince william parkway, disabled vehicle there. rest of 95 vnginia looks okay. 66 inn dans an idiot too. >>>. t>> a little more volumn the northbound lanes. overall both sides rolling along one. >> lliott. >> he probably think bananas would be part of a balanced breakfast, but there are some should think twice before you buy them. susan reporter susan hog celebrate dad this father's day. from gifts that fit his style from ross, to gifts ting a smile. happy father's day begins at ross. ♪ you gotta go to ross where are mom and dad? 'saved money on motorcycle insurance with geico! goin' up the country. love mom and dad' i'm takin' a nap.de du, you just woke up! ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle,r great rates eat rides. if you're looking for anor incredible selection of

julie: vw has failed to pick a new leader. former leader was detained, because prosecutors say he may tamper with evidence in the investigation into the diesel cheating scandal. a german is the process is fun was wiretapped. the shares extended declines to ask percent. -- 6%. haidi: of that gaining after google announces a $550 million cash investment in the chinese online retailer, jd. the company wants to explore opportunities, including in regions like southeast asia, europe and the u.s. last week, google struck an alliance with a company to sell groceries in france. ocbe aims toore's double profits to around $740 million by 2023. the bank was to boost technology spending and a staff in the area. are expanding their presence under the greater bay area plan. beijing wants economic output from the region to exceed that of greater tokyo, new york and san francisco. haidi: coming up, we will go to the tokyo stock exchange. we will be live where the marketplace is set to make a debut today. they questions on whether mercari can

let's talk about vw. in terms ofne what the market was anticipating? >> i think so.fine is one billion euros with regard to the diesel rigging. it comes on top of provisions the company has made about 25.8 billion euros. the fine is not too much in that context. shares are not moving a lot above 0.2%. up this morning in the german premarket. one analyst said while paying is a painful thing, the number is not a material thing. guy: let's talk about what is going on with the media bidding story. it did not take long for comcast thatwould have to thinkpond? bob iger is cooking up a plan for a counter bid. they need ts asset. there is a buying frenzy going on for media properties and this is something that disney is going to need going further. it looks like it will be offering espn on its own the same withnd its programming, offering separately to subscribers. the name of the game is amassing content. they have a formidable opponent in comcast. guy: absolutely. it will be interesting to see what impact this has on sky in europe. a minute to go until the start of cash tr

prosecutors found vw sold over 10 million cars with a cheating software that understated diesel emissions. volkswagen accepted the verdict. this is one of the highest ever fines imposed by german authorities on a company >>> renault's chief executive, carlos ghosn will step down before his term ends in 2022 he said he would step down but stay chairman and chief executive of the renault/nissan/mitsubishi alliance. >>> and rolls royce is trading higher as they plan to slash 4,6 00 jobs to streamline the business the company says the cuts, which represent about 9% of the work force, will help the enginemaker meet its free cash flow target of 400 million pounds. >>> elsewhere, unilever shares are slumping after warning first half sales will come in below the 3% to 5% full-year target. the firm also said it is extremely unlikely to remain listed in the ftse after consolidating its headquarters in the netherlands the stock is down about 3% or so >>> coming up, uk international trade secretary liam fox on brexit, china and donald trump - i love my grandma. - anncr: as you grow older, your brain

the arrest is the latest development in the emissions tampering scandal that has a rocked vw.kswagen has paid billions of dollars in fines and executives have been arrested. we will be right back. if you have moderate to severe plaque psoriasis, or psoriatic arthritis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, 75% clearer skin is achievable with reduced redness, thickness, and scaliness of plaques. and for psoriatic arthritis, otezla is proven to reduce joint swelling, tenderness, and pain. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. otezla may cause severe diarrhea, nausea, or vomiting. tell your doctor if these occur. otezla is associated with an increased risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. some people taking otezla reported weight loss. your doctor should monitor your weight and may stop treatment.

this is the software that was installed in millions of vw cars, including it seems some audi cars, whichk as if cars were cleaner than they were by faking emissions tests in the lab. it meant they were dirtier on the road than they were in the lab. it seems that he allegedly was told about this back in the end of 2015, autumn 2015, in an e—mail. he knew about this software, allegedly. he thenis about this software, allegedly. he then is suspected of having allowed then is suspected of having allowed the cars to still be made and still be sold. if this is true, that would mean he would be guilty of customer fraud. also that he would be guilty of. testimony under oath because so far he has said he didn't know about the cheating software. google is investing more than half a billion dollars in the chinese online retailerjd.com. it's part of google's efforts to beef up its challenge to amazon's growing power. tech industry expert susan standiford explains the move. google itself is not usually that consumer branded. they are tech brand. and a pretty impressive one as well. with the relations

his arrest in the scandal is the first among vw group's board members.cari has a sword on its first day of trading in tokyo. it raised $1.2 billion, japan's biggest for a technology company since lion debuted in 2016. it has become the default market for buying and selling goods on smartphone. downloads of the app has reached 75 million in the five years since its debut. thank you. monetary tightening will be in focus at the ecb forum in sentra and portugal this week. investors are monitoring closely the event for potential guidance on poetry actions -- monetary actions. you can watch mario draghi at 9:00 a.m. on bloomberg tv. everyone are members the central spike. thent expectations, monetary policy pardon. he kind of did something similar in reverse last week. to know is difficult how much he can add after last week. no interest rate moves until the summer of 2019. what can he add to that? blur.s not much around the edges of that thing with the market will he wants to know is is that something the ecb is going to stick to? guidance? give that that was

vw fined $1.1 million for the emissions cheating scandal.ny. vw says it will not appeal that penalty. stock's up 34 cents. go figure. [laughter] next, bret baer, following his interview with president trump onboard air force one. we'll play you more of it. great interview. we'll be back. ♪ ♪ i feel a great deal of urgency... i think, keep going, and make a difference. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. crowne plaza. (indistthat was awful.tering) why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curr

the audi ceo being arrested as part of the vw scandal.y. >> how you digest all of that. down 19 points around the lows of the session. writes that the market for quick they are in denial, they know their job is to go up with a look ill without looking bad. e best quote of torning for me. the euro-dollar gaining a little more. the dollar seems confused as to whether it is a risk off or risk on currency. a to at 35 basis points as a continues to grind flatter. oil getting a nice bite, up by over 1%. >> i love the idea of a confused dollar. i am picturing a little dollar bill running around bumping into things. >> bitcoin deficits, safe haven, i don't know where to go. >> it is time for your morning breeze. a busy week ahead starting today. central banks are meeting for the ecb annual forum in central portugal. we are watching decisions from the supreme court as the high court in the united states racist to rule on some of the biggest cases this term before the end of june. board meets, fox's to discuss the comcast offer. disney still in the

vw has little u.s. china exposure although they both export suv's to china from the u.s..urprised shakeup at the top of the world's largest maker of semiconductors. intel has lived therceaft they learned he previously had a consensual relationship with an employee. that is a violation of intel policies. he was the ceo for five years. internet retail stocks are trending lower today after a 1992 decision was overturned. justices decided state and local goves collect sales tax from internet real tellers that don't charge tax to their customers. had protected retailers from collecting taxes if they did not have a physical presence in the state. that is your business flash update. we saw strong reactions. amazon the largest. thishad been preparing for and collecting the sales tax and getting its systems ready to do so. others have been less prepared. they will have to be a process. i am curious to see wha consumers do. will there be a decline once the prices go up next to taxes? >> will we have to pay more? for smaller companies, they will need to spend more trying to deal with

see that vw bug flushed down the street there.the rain chances are going to move and i'll show you where. look at weslaco. mercedes, texas, also seeing -- parts of southeast, texas have had more than 15 inches of rain in 72 hours. a lot of water falling, making its way east. that low and attached cold front will give one bull's-eye in mississippi and alabama and then look at this. westchester, virginia, in a bull's-eye back through northern virginia and southern ohio so you've seen it happen this week. it will happen again. just watching these areas. guys. >> will do, ginger, thank you. >>> coming up, instagram making a major announcement this morning. how it's changing for users what parents should know. >>> and it's national selfie day. we have some of our favorites. my sister sally-ann and that's from earlier. >> at the desk. >> you took that shot. >> what's wrong with my face there. you notice how we all go to our own faces. anyway. >> the whole gang is there. >>> and tory is back with "deals & steals." styles starting at just

but his point of vw ieis nuanced. lots of big interviews cup shortly. let's begin. yes or no?o you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twieáing cards >>> let's get back out to bob pisani at the global exchange conference with another guest. >> and we're here of course talking to heads of all the exchanges and some of the big trading firms. here is one of them, ceo of virtu. and now that you bought night trading, you own a big retail operation. 60% your stock up, and you were languishing going nowhere for years and suddenly the stock has popped up. >> not that we were going nowhere. nd suddenlyou're up 60%. what is going on >> one as you mentioned, we made the acquisition and i think we showed investors that

vw is saying it doesn‘t have enough testing equipment to cope and fears it could end up with a backlog? let's do that. pithy, punchy. thank you very much. let‘s talk more about that fire in london, nearly 100 firefighters are tackling what was a very large fire at the mandarin oriental hotel in knightsbridge. the huge plumes of smoke could be seen rising into the sky earlier, just an hour or so ago. the london fire brigade said the blaze was very visible, 100 firefighters, 15 appliances at the scene, london ambulance and the metropolitan police also attending. this is the scene live, just a few moments ago, rather, that was the scene, thick black smoke going into the sky. mandarin oriental group has completed what it described as the most expensive restoration in its history. it no idea if it was related to the restoration. that would suggest that the hotel was not in any way fully occupied with guests. we are not hearing so far of any casualties as a result of what has been a very large blaze. vanessa was at the scene large blaze. vanessa was at the scene when the emergency services a