only one automaker has grown sales every year in the u.s. since 2008. can yo >>> at&t is phasing out coverage over its charges for wireless customers as part of its new mobile plan. customers who use all of their high-speed data will have their data speed reduced or can pay for extra data. at&t and its rivals are locked in an aggressive battle for subscribers. >>> demand nor mortgages hit a six-month low, despite historically low interest rates on fixed rate home loans. the mortgage bankers' association says total application volume fell 4% from a week earlier. mortgage applications are considered a leading gauge of home sales. applications to refinance existing mortgages also fell. >>> pop quiz for you. name the only automaker to grow sales in the u.s. every single year since 2008. tick, tick, tick. th answer is subaru. the japanese automaker's sales have been quietly growing for years and now the company plans to expand production and its presence in the u.s. phil lebeau reports from lafayette, indiana. >> reporter: subaru is on a role. it's doubled t

we're adopting with automakers -- developing with automakers, and there will be regulation. that's what we're doing, we're adopting this product in conjunction with automakers, but we want government entities to insure there's uniform legislation. not state by state, but at the federal level to unsure that vehicles all have the same standards. >> host: and that's why you're up here on capitol hill? >> guest: absolutely. we already have a lot of programs going on in other countries, and we'd love to see the same level of response from government agencies on the hill. >> host: so when you show this to members of congress, what's been their reaction? >> guest: people love it. the reality here is there are so many people that are injured or killed in traffic accidents every year. a big problem we have. this technology has the ability to dramatically reduce the number of accidents, injuries and fatalityies. the technology is coming very fast. >> host: all right. how long has this technology been worked on, and what's your role? what's your background? >> guest: i've been working

seen as a good sign for the japanese automakers.ve come back all the way, about 30% or so, since the jackson hole affect took effect. mark: where can we find this? v#3155. you can tell i have a lot of experience. i feel judging. >> it is a lot cooler than my topic. vonnie: this is true. mark: i love her chart. it is a progressive. you know what? goodnessiving enough to our friend oliver. i am going to give him today. >> this is like charity. mark: this is the story right now in the u.s. stock market. oliver, he does come out with some great pieces. armageddon's anniversary for s&p 500 with -- also gauges show the list posture on stocks before jackson hole. vonnie: ok. mark: oliver deserves the trophy. chart as love your well. coming up, why the brexit vote is blowing up currency derivatives. whose fault is it? this is. >> ♪\ ♪ live from new york and london, i am vonnie quinn. mark: this is the european close on "bloomberg." time for the bloomberg business flash. some of the biggest business stories in the news right now. otash and a

designers and engineers at automakers worldwide are hard at work on driverless technology. transport authorities are hofuful thnew w hi-tech vehicles will ease congestion d reredu accidents. gole has announclans to market its o driverles

in fact the automaker now expect a self driving vehicle by 2021. ford won't say exactly what the vehicle will look like but it won't have a steering wheel or pedals. and ford says it will be a commercial model being driven by raid share companies. it's part the ceo's push to transform the automake a mobility company driven by technology and new ways to look at cars and trucks. >> we view the next decade as being defined by the automation of the vehicle. our view is autonomous vehicles could have just as much significant impact on society as ford's moving assembly line did 100 years ago. >> reporter: unlike 100 years ago when henry ford moved faster than the rest of the auto industry ford finds itself fighting the perception that are the ones leading the push for self driving cars. fields says thre wrong. >> we've taken our time to talk about our autonomous vehicle plans because we are not in a race to make announcements, but we are in a race to do the right thing for our customers and our business. >> r that could include ford getting into ride sha

i think that automakers themselves individually are doing a lot to ensure the systems are safe.ld like to see the industry doing more together to make sure that across the system we're getting great safety. emily: we're seeing a lot of types between detroit and lyftt, valley, gm and google, fiat chrysler, do you have concerns about the company's coming together around regulation? beretary foxx: i have to careful not to put my thumb on the marketplace, it's an interesting convergence of the ological edge with conventional automakers. i think there are symmetries where on the technology side, buildingn't as used in cars and putting cars on the road which is accommodated business outside of leading-edge technology. on the conventional side, their ideas out here being harvested and incorporated into vehicles all the time to it is really not that surprising to see that trend occur. but i think you're going to continue to see a wide spectrum of entrance into the automobile market. emily: the federal government has focused on the safety of cars. states have focused on the safety of dri

>> absolutely, but the answer doesn't have to come from the it should come from the automaker. >> is that passing the buck? >> no it's where it belongs. >> how can you sell a car that could potentially kill that customer? it has to be illegal. it has to be. >> one manufacturer association said automakers work with franchises to make sure the dealers are compensated. not selling the recalled cars >>> a daughter is out of control, drinking and doing drugs, her temper leaves them frightened and she says her parents push her buttons. >> i said i'm not -- if i make myself look like a rear end, that's fine. but if i can get you some help. >> we need help. >> we tried. >> how is sending me off going to get us help? >> what does dr. phil have to say to ashley's assessment of her family. new tonight on cbs4 news at 5:00. a denver police officer seriously injured when he was run down by a car. he's sharing his story of recovery. how he's doing now and his mission to help other first responders injured >>> and governor john hickenlooper talks about colorado's role in the november election. >>>

it's an interesting convergence of the technological edge with the conventional automakers.here are symmetries where folks are seeing on the technology side, folks out here aren't as used to building cars and putting cars on the road which is a very complicated business outside of the leading-edge technology. on the conventional side, there are ideas out here being harvested and incorporated into vehicles all the time. so it is really not that surprising to see that trend occur. but i think you're going to continue to see a wide spectrum of entrance into the automobile market. emily: up until now the federal , government has focused on the safety of cars whereas states have focused on the safety of drivers. how will that change in this new paradigm? secretary foxx: that is one of the questions that i hope our guidance speaks to. which now that you have the possibility of the car and the software working together to operate the vehicle, what should states, what should their role be in this new world? frankly, i think that we're trying to come up with a way for approvals to oc

the bad is automakers are spending more through incentives to win over buyers! we're going to settle into a more relaxed buyer attitude and it's going to be harder for car companies to pull buyers in. far, there have been no major production kuyts. and the inventory of new models is not bloated, but there's an uneasyness in the industry because traffic for some dealerships is down. so there appears to be fewer people lookingt now. perhaps an early indication the industry's run of rising sales is abouto run gas. these summer raditional ly t doldrums continue, automakers may face pressure to raise buyers report, n and buy a ne chicago. >>> there may be questions about th but the latest government report shows overall spendinging is still healthy. consumer spending, which accounts for more than two-thirds of economic activity rose .4% in june. the third straight month of fwans, so, what are some of the most consumer focused businesses saying about the health of the consumer? bob pi >> considering everyone is is talking about how well the consumer is doing, the news

other automakers around the world are targeting a similar delivery a new state-by-state study shows the impact of mileage on the cost of your car insurance. an auto police holder who drives 15-thousand miles a year pays a national average of nearly nine-percent more only drive five-thousand miles. wisconsin drivers paid just over five-and-a-half percent yesterday was partly cloudy, warm and humid with highs in the lower 80s, while the lakefront stayed in the 70s thanks to a light se breeze. scattered t'showers developed overnight with lows in the upper 60s and high humidity. thatn before 9am, then today is partly cloudy, warm and humid with highs in the mid 80s and an isolated late afternoon and early evening t'shower popping up. tonight is partly cloudy, warm and humid with lows near is sunny and very humid with highs in the mid to upper 80s, even in green bay for tailgating. at kickoff, temps will be in the lower 80s, and then drop into the 70s by the end of the me an isolated chance for a shower during the game. friday is sunny, hazy, hot and humid with highs near 90. isolated t'stor

. ♪ emily: the race for driverless cars is heating up with automakers in detroit embracing innovativehnology from silicon valley including self driving cars, connected cars, smart sensors. what does autonomous driving regulation look like and when will it come? transportation secretary anthony foxx said we can expect it ahead. we sat down for an exclusive interview. piloting these automobiles in real time is going to be part of how we learn how to make them even safer overtime. we are working on guidance to our department that i think will help the industry understand what we expect from a safety standpoint. and we a burgeoning area are going to work to make sure everyone is safe. emily: you said you will be putting the guidelines out over the summer. any concrete things you can share? secretary foxx: what we are trying to do is to try to lay out a framework that will make sure the industry understands the department's point of view and what our expectations are. the states have played a significant role in operating cars and we will talk about that, and how our approach may or may no

ththe automaker will suspend sas of new units of eight models. follows reports by the mininist that it was lower than the firm claimed. among the eight arehe rvr and pajero. officials say they will pay about $300 to $100,000 per unit. major automakers in japan say their domestic product fell on the year. they say last year's tax increase on many vehicles led to a decrease in production. output at mitsubishi motors dropped after the company was found to have falsified mileage data. >>> this week we're bringing you a special feature on japanese summers focusing on tradition and highlight how people work and play at this time of year. our first installment looks at some towns and businesses using one of the icons to revive their fortunes. >> reporter: it's an aquarium with a difference. 3,000 goldfish swimming in a giant fish bowl. music, a light show. one of the attractions of the summer. the art aquarium has drawn more than 300,000 visitors this summer. it's located in tokyo. it's not the only place you'll find gololdfish theis summer. they're on

the automaker continued using unapproved testing meths even after the problems were disclosed. here's the details on this story. how far did the data rigging go? >> as we have reported, the ministry probe had showed that the car maker overstated fuel economy for eight models. it found mileage was as much as 9% lower than advertised. ministry officials also act becaused mitsubishi of using unaccused data to calculate mileage. the automaker earlier announced results of new tests saying what it claimed is an approved method. the ministry officials now doubt this claim. mitsubishi engineers said there was a roughly 3% difference between the falsifies fuel economy data and the newer results. the engineers in charge of mileage measurements said they did not know the results were wrong. >>> the european union has orderorder ed airland to connect -- the irish government's tax breaks for the american it giant were illegal under eu rules. the commission has ruled that the irish subsidiary paid less than 1% in taxes. the commission ordered the country to collect the money apple was suppos

>> that is something we are developing closely with the automakers. this seems to be a product that will have regulations. that is what we are doing; developing this product with automakers. what we want is government entities to make sure there is uniform legislation. not state by state but at the federal level to make sure the vehicles are all the same. >> that is why you are up here on capitol hill. >> we already have a lot of programs going on in other countries and we would love to see the same level of implemented here. >> so what has been the reaction when you show this? >> people love it. the reality is so many people are injured or killed in traffic accidents every day. this technology has the ability to dramatically reduce the number of accidents. the technology is coming fast and we want to be available for the market. >> how long has this technology been worked on? what is your background? >> i have been working in automotive for a decade. our technology is used to design cars nividia creates stimulator to figure out to help car crashes li

>> the next step forward is to portion of costs with automakers, because automakers have so far paidimportant for takata to find its bidders and come up with a restructure plan, which it aims to conclude by autumn this year. yvonne: well, seems like investors are shrugging off these latest reports now. thank you so much. next guestour remains cautiously optimistic on asian stocks, but where are the best opportunities? we will ask j.p. morgan asset management. this is bloomberg. ♪ ♪ yvonne: a quick check of business flash headlines. japan displays tumbling after an operating loss of 34 million dollars, shares down 6.5%. company guidance was for a $10 million profit. shipments, stronger yen, and price declines are blamed. it may seek financial support from a top shareholder, icj. denies reports it is making a play for intercontinental hotels. a spokesman denied a report, saying it is planning a bid of $9 billion. the owner of holiday in and crown plaza has been the subject of takeover speculation. anbang tried to buy starwood, but withdrew its offer in march. expectations low for a chi

an automakers is planning to roll out a new vehicle with no steering wheel required and soon. >> also a milestone for new york city where you can now shop again nearly 15 years after a terrorist attack ended that. >> ♪ >> ♪ >> welcome back. we're looking live on the at the mmodore barry bridge. we had storms move through in spots esp ially to the north yesterday. we're looking live right now. we just have some construction out here but it is blocking two lanes. you can see the flashing lights up ahead. this is 202 northbound at gulph road. traffic moving okay but watch for two lanes being blocked. an early morning accident just coming in to us. radnor township montgomery county on matsonford road at county line road. police are on the scene so they'll help up get around it. in norristown an issue here with a water main break. it's on elm street at dekalb. it's on the shoulder so traffic's getting by at this hour but we'll have to see what happens with that water main break. and the fire department is out here right now with some activity and they're blocking the lanes of broad street.

hitting the skids, the big three automakers down big on sales that suggest they may be plateauing. certainly not growing at the explosive rates of the past couple years. we're going to hit the car lot ahead. rough seas, royal caribbean shares plunging on earnings news. what will it take to right the ship? the ceo will talk to us exclusively. and e-mail exhaustion, the real cost of our out of office overload. buckle up, folks, busy two hours from power starts right now. >>> and welcome to "power lunch." i'm melissa lee. all three major averages at session lows right now. s&p 500 down almost 1%. the nasdaq the biggest loser of the three major indices. we're seeing the biggest one-day losses in fact in more than a month. and keeping an eye on the airlines, they are down big being led lower today by delta and that's airline index on pace for fifth straight down day. michelle. >>> i'm michelle caruso-cabrera. thanks, melissa. here's what else is happening at this hour. americans made more and spent more in june. the government reporting a 0.4% increase in consumer spending. that's the t

samsung see the opportunity to implement some of those technologies in cars and sell them to the automakersthe u.s. and asia and in europe and make additional money from this. samsung likes the idea of being able to use its components assets fromold in fiat chrysler, and try to make this into a bigger business for the kalama it as they go forward. they see a slowdown in the smartphone business, which has been profitable, but now slowing down quite a bit. out to: we will kick it some other stories we are watching. starting things off with hsbc, now another bank that makes most of its money outside of britain. juliette: that is right. we will be watching standard charters shares open after the ondon listed shares soared wednesday after the linda released first half earnings showing provisions for bad loans declined in a further sign that the new ceo is turning things around at the bank. totax profit was down 46% 994 million dollars, below estimates for $1.12 billion. avoided the plunge and's other banks have made great still, the stock has traded at less than book value for less than two year

automaker issues recalls for a variety of defects. 2013 to 2015 tours taurus? >> . they may have fuel pump problems to cause the it's pw-p it's been a rough year for them. parents file a child abuse report with aurora police. after their suffers a broken leg. while he was already a patient at children's hospital colorado. >> the parents are so serb certain of crime. they filed a police report. >> . we have the story you'll see only here. >> . the parents are frustrated. and really furious. their son never lived outside of a hospital. born in montana with a torn bowl. he was sent to children's hospital when 3 weeks into the stay the parents noticed his leg was bruised and cried when it was touched. >> . >> one month old wearing a splint on his right leg. from a spiral fracture. that his parents say happened after the one month old boy arrived at children's hospital. stpwhr you think a nurse or doctor accidently hands -ld your son too roughly. >> i think that's what happened. >> . >> even if it was an they could have reported it. >> . they say their two day old son wa

automakers and tech companies are racing to get the vehicles going. is it safe? >> stick around. we'll be right back. >>> "world news now" continues ? ? ? ? >> drive my car, or not so much. if you live in pittsburgh it won't be long until you can order up a driverless car from uber. it's a pilot program that could eventually expand to about 100 vehicles across the city. >> plenty of other companies are also getting in on the driverless car game. >> reporter: the multimillion dollar race to turn your car into a robot accelerating. uber weeks away from releasing this fleet in pittsburgh. these ford fusions with high-tech trappings bringing self-driving technology to the average consumer. a trained human will be ready to take over the wheel. uber's test, the latest in the global push to get a self-driving car. it can gas are brake and steer on its own. it's suggested to keep your hands on the wheel. getting a test drive inside google's driverless type. >> there's no controls. >> reporter: and ford promising fully autonomous in five years. there are safety concerns. this year the fir

matt: that is all of the automakers that work with google.oogle more than google needs them. customers are clamoring for google technology. are now putting google maps in their car navigation systems. customers were demanding that technology. >> which makes perfect sense. my understanding is that hyundai has been trying to be much more technologically savvy, and they the been able to integrate apple system into their models could you can also retrofit their older ones quite easily and quickly and cheaply. matt: if only car play were more useful. apple car play only allows you to use apple maps in the navigation system. are used to the ze,lliance of google or wa than having to fall back on apple maps is a real bummer. does team upoogle with hyundai, does that mean it will limit whatever cooperation it has with a company like apple? it is a great question. i could not answer it at this point. matt: the ceo of fiat chrysler has said that we are happy to work with google, and it is a great partnership, but we are still open to our partnership wit

google is one of several automakers - rolling out self driving vehicles. the company - picked the chandler area as one of 4 testing sites. after finishing a map of the city - google's cars are already out cruising ahwatukee. google hasn't announced a day for when their self driving cars will be released to the mass market. tim tebow...and fat cats. welcome to your 5am morning juice...here's emma... with the here's emma... juice... here's emma... with the largest feline with the largest feline you are going to see for a long time.... if there is one thing about the internet... it's that cats.. and cat videos rule it. need proof?watch this.... samson the cat... also as in 28 pounds and... he boasts an incredible four feet of length.four feet of length. samson's owner's are constantly sharing his glory... through instagram... find him at catstradamus. plenty of pictures on there showing just how large and in charge he is.despite his gargantuan and impressive weight and length, samson is a perfectly healthy cat.maybe.. it's been less than a week since tim tebo

the detroit automakers are opening a new round of labor talks with canadian automakers.nt labor discussion for canadian automaking in a generation. the top reorders putting a stop to the flow of jobs and production out of canada and into mexico. jamie sturgeon joins us from tomato with more >> -- from toronto with more. >>these talk seven existential element to them. ownedl key assembly lines by gm, ford, and chrysler have limited production runs and face closure over the next two years if the unions cannot secure investment. theseannot comment on discussions until after they are over. they want wage and benefit concessions. workers are in conversation and are a touch more expensive than their u.s. counter parts. you have seen canada auto output fall to 13% of american production and mexico has climbed to 20%. the car makers are likely saying to secure future be on the next couple of years, they will have to take reduced pay and benefits and pension. it seems like there is a lot at stake here. how did these typically go, these kind of talks? the future of the canadian au

automakers flocking to mexico for cheaper labor. we will have the details. brio, american women held in medals yesterday by three women from team u.s.a. with gold, silver and bronze. we will have all of the olympic highlights. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ nicole: thursday morning. 5:15 a.m. in new york. if you caught up on what's happening now. two u.s. swimmers taken off the plane to the united states in question last night in rio. officials in brazil investigate claims by swimmer brian lochte said he and three other summers were robbed at gunpoint early sunday. authorities in brazil have doubts about the entire story. we will investigate. a report in "the wall street journal" says $409 sent to iran in january was not given to every man's until detained americans were released. president obama and u.s. officials insist the money was not grandson. and a hannity town hall last night, donald trump said he was swiftly and fishes they take out isis if he's the next president and he slammed hillary clinton and

they will be working more with automakers.e the beginning of a deeper relationship with fiat in particular which is trying to build up its carmaking business and clean up its balance sheet at the same time. they would like to build on their momentum and success in the u.s. with jeep. cory: it gives them more distance from their partner, the cooperation and competition with google. are there others? peter: we have not heard of other bidders in the process. the reporters were able to break this news exclusively. a "for sale" flag on this and if there were other bidders interested, they can still come forward. the deal is not quite complete at this point. cory: the t is not crossed. an interesting acquisition target for samsung, to be sure. from the bloomberg tokyo office is our tech editor. right now, to a story that is trending. pokemon go -- characters showing up in real-world situations. a researcher from m.i.t. has taken this one step further. an interactive dynamic video which it actually enables you, the viewer, to reach i

the automaker said profit will probably drop to $14.3 billion for the year ending in march as cheap fuelushed u.s. demand away from its car lineup, toward trucks. raised its full-year earnings forecast as it beat analyst estimates. earnings before interest, taxes, depreciation, and x putting some costs -- excluding some costs, rose. london stock exchange has said the u.k.'s decision to leave the eu may damage investor confidence. sanofi is pursuing a tire, a transaction that has been shaken by the brexit fallout. officials have threatened to clawback, clearing operations central to the acquisition. francine: thank you so much. in a world of cheap money, how can we be sure assets are priced correctly? take a look at stocks and bonds have performed so far. the s&p 500 more than 5%. bond yields have continued to fall as bond prices have risen. my guest is the portfolio biggestfor the world's managed fund, geraldine sundstrom from pimco. when you look at assets, it has been going not as smoothly as it used to. are we pricing things wrong? geraldine: that is the big question and a complicated

federal prosecutors are working with the automaker to reach a settlement before the end of the year. >>> audi has plans to communicate with traffic signals electronically. it would display a red turns green. it helps cars that communicate with the signals travel safer. certain infrastructure technology will be on the showroom later this year. >>> and other local election sport holds a meeting. >> the issues that needs to be aren't out before early voting begins. >>> plus, the tasty new fall treats that will be a weak institutions in their school >>> lena tillett with your top stories. a pitt county man is accused of killing a mother and her three small children in their greenville home. dibon toone was charged with murder. there will be a news conference at 11 a.m. today with an update in our new newscast. >>> the chandler can you trial was to keep his cell phone down i-84 and killing three people. >>> heat advisories posted for part of the viewing area. take a look at our skycam. lots of sunshine with a hazy sun and temperatures warming up quickly. this is a look over at centennial

both supply automakers for sensors and software for self trimming vehicles.look at shares about good both stocks struggling in the past year. nicole: a company that helps to build document medical records. apple bought this company at the three euros start up months ago just confirmed a deal yesterday. apple says smaller tech companies from time to time and it's not always discuss them. he makes money from health care providers and software developers who pay for services. apple allows users to store electronic health records within the iphone to help out. yesterday apple close to one away 51 and the tech talk is that september 7. learn more about the iphone southend available pre-sale of the ninth and then you go then you could store the 16th to get the new iphone. lauren: everyone saying that she is iphone on the 10th anniversary is going to be the phone to get good best buy reports its latest quarterly earnings before the opening bell today. analysts expect earnings to fall 13% and revenues are split by 2%. best buy has taken a hit from him and competition

the automakers themselves are doing a lot to make sure the systems are safe. would like to see the industry do even more together, to make sure that across the system we are getting great safety. emily: but are they doing enough? joining us now from seattle, an withience hd researcher experience in car hacking, craig smith. thank you so much for joining us. your expertise here goes way back. you wrote a car hacker's handbook and you run the car hacking village at defcon. i would like to start, how big is the risk of a malicious hack on cars, and give me some specific examples of how this can happen? of malicioussk attacks vary. the more connected your car is, the more capabilities you have. you can have things where they are controlling steering columns, something of that nature. the realistic risk is probably more data-driven. an attacker is usually not trying to control your car, as much as they may try to get information from your car. emily: so, how common are security vulnerabilities in cars, in general? i realize as we move to a more connected car world,

. >>> for the is becoming the latest automaker to jump on a driverless car bandwagon. the president and ceo announced he plans to put mast produced fully autonomous cars on the road in five years. they won't be marketed towards drivers, they are intended for ride sharing and ride services. a pretty tall order so the automaker says it will double its workforce in california by the end of the year. >>> get ready for crowds if you're planning to fly out of town over labor day weekend. us airlines is expecting nearly 16,000,000 passengers. that is 4% more than last year. airlines are adding extra seats on jets for the uptick in staying in business despite being forced to file for bankruptcy. univision just purchased the website for $135 million in an auction. gawker became available after losing a $140 million judgment in the hulk hogan invasion of privacy lawsuit. who are they giving money to? pinnacle west which is the parent company of aps has been issued subpoenas by a grand jury. we have confirmed it is in relation to the 2014 elections which the fbi is currently inve

the american automaker is planning to roll out a fleet of self- driving cars in five years. the company says it wants to mass produce the driver-less cars for a ride-hailing service. ford is alre in three states. the goal is to eliminate the steering wheel and pedals. casino billionaire steve wynn is weighing in on the presidential race coming up -- hear who he is supporting and why. you're watching 13 action news, where you get breaking news fast and first. stay with us. sv the democrat and c-e-o of wynn resorts says he hasn't decided yet who to vote for in november... mallika kapur/cnn) "president trump or president clinton?" donald trump's. either one of them. and i haven't decided who to vote for because i'm waiting for someone to have a responsible conversation. one of wynn's biggest complaints.... he says...is the absence of serious discussion about the economy. 1:32"nats of music" 1:36 strip headliner britney spears will grace the stage at this year's m-t-v video music the show in nearly ten years. britney spears will perform the single "make me" from her new album "g

. >>> the automaker plans to have a car without any steering wheel or pedals on the road in five years. it was be used by ridesharing companies and would be able very people to buy. some companies are adding the capabilities to their cars but ford says they will afford the steppingstone approach. >>> well, two workers were left on scaffolding here that collapsed. the two workers able to climb off and on to a lower builder. and the sheriff is calling it inexplicable, a person stabs a couple to death and then eats their face. the student had no criminal record and may have been on drugs when he attacked the couple. a person that tried to save him, was also hurt. he's being guarded at the hospital >>> we're getting an inside look at the wildfire that wiped out blocks in california. evacuation orders were lifted and one man is arrested for setting the fire on purpose. the 41-year-old construction fire last year as well. >>> the flames engulfed across the hillside. the brush fire went from 50 acres to 1000 in an hour and burned more than 9000 acres now and0% contained. >>> the louisiana is

the automaker is in talks of companies outside japan, including chinese firms. spokesperson says the reports are speculation. terms for a first timeshare sale they plan to offer 680 million shares at a price range of 11 hong kong dollars $.87. they will use the proceeds to fund overseas businesses and develop wealth management. shares will start trading on august 18. we have had the latest trade deals from china with a surplus of $52.3 billion. great tos is khiem do, have you. we just got these figures fresh off the press. change.nues to dollar terms-wise, trade still very sluggish. importantespecially numbers, i would like to see the important numbers actually rising to really project the image that the chinese domestic economy is doing better. so the export numbers come i think, look fine. but i think if the imports numbers, those are an issue. the reserves showing up in stabilization when we saw that in july. i was talking to someone from nab and they said if you boosted the valuation by the u.s. dollar, we are seeing an intervention by the pboc. underlying p

for people buying a used car that is generally something you look for but, a vote could allow one automakerertified preowned cars even though they have outstanding recall notices. tom bay car is in the newsroom with the details. >> reporter: this is a new one. when you buy a preowned car it is supposed to be almost as good and safe is brand-new. but after all such vehicles are supposed to have gone through inspections to justify the strong warranty that comes with them. now consumer advocates are fuming because he trade commission has granted general motors, makers a chevy, bjork and cadillac, special dispensation. they say general motors can sell preowned cars even if they have open outstanding and uncorrected federal recalls on them. >> the single most important a safety concern in the vehicle is whether there is an outstanding safety recall and that is not part of the certification program. >> reporter: one major example, defective takata airbags, tens of millions of them. >> the problem is you may be looking at two years before you can get a safe airbag. >> reporter: the center for auto

to fix more than 113,000 vehicles, the first one according to the automaker affects 88,000. the cars are the taurus, flex, lincoln mk x and lincoln and katie. they were all made between 2013 and 2015. also being re-card try recalled are -- may between 2014 and 2015. the 3rd recall is for 23,000 of it's 2017 utility vehicles so dealers can recalibrate the power window software is. owners of the recalled vehicles should take them to dealers for repairs. owners should be notified by mail. >> ? ? >>> this new teacher is trending online for all of the right reasons. the viral video that is letting his students get to know the teacher even before the class >>> let's take a look right now . 82 degrees and it is only getting hotter. we talk about the potential for thunderstorms this afternoon coming up in >>> a 6-year-old wayne county girl is fighting for her life. she has a rare form of cancer that affects the brain and spinal cord. the sheriffs department is taking to social media asking the community to rally around her. >> reporter: the wayne county sheriffs office is using face

apple and tesla who are tech companies getting into all the business and then you have other nine automakers wanting to get into the tech business so these cars are computer controlled. imagine just on your hands held using google maps or whatever we use then. glasses special tattoo, however, five years out you tell the car and go. and now ford guys are thinking about fleets only. first time that drive thelses won't be for us to buy but sell them to ?ber to ride sharing services to reduce costs to make those ride sharing services for efficient but that's ford's idea not necessarily everybody else's. everybody else is competing to sell you a driverless car. >> i've been told i have a led foot safely but fast will these little units be fast? so i guess the speeds? >> i would argue they're going to drive the speed limit because that's what they're going to do which might mac a led footed driver who is safe but ledded depressed. good news is there's more room on the road. you start, stop -- a computer controlled car especially one that's aware of its surroundings will be exactly right distance a

the automaker is recalling to fix a defect the part that could keep the windshield wipers from using -- from working. it includes chevy equinox and gmc terrain. chevy plans to cover the cost of those repairs. >>> now to an emergency in kansas they got nearly 7 inches of rain and the city shut down in some areas. roads were impassable and lakes were created in parking lots. they were roaring rapids it ri hour. rescuers stranded residents. some even from the roofs of their cars. >>> back here at home it was a steamy day. he said there was some severe weather that could be moving into our area. >> we are seeing much lighter rain as of now on the west side but it's prompting severe thunderstorm warnings. i will show you what's happening and interrupting some saturday this storm line is on the southwest of us. it's moving to the north and east. here is your severe thunderstorm warning for richland and ashland county's going until 7:00 pm tonight. it is mainly affecting richland county and very heavy rainfall in belleville. as we dive deeper i want to show you where the thunderstorm is lik

the deal is likely going to cost the automaker tens of millions of dollars. it was revealed last year that millions of diesel volkswagen cars worldwide had been fixed to beat emissions tests. the news isn't good for uber. the ride-sharing company posted second-quarter losses exceeding 750-million dollars. this comes after losing 520-million in the first quarter. that puts uber on track to lose half of 2016. financial experts say there's no need for customers to worry. the seven year- old company is still showing large growth. the lucky dragon hotel and casino is on track to open just off the strip later in the year. we know about the dining options you'll find inside. there's "dragon's alley"... a lantern-lit space offering asian street food. "pearl ocean" - will feature live seafood and dim sum. "phoenix" will sh dining trends. "cha garden" will be an indoor and outdoor lounge and tea area near the pool. and... "bao nao" will have quick food and snacks near the casino floor 24-hours a day. the asian- themedresort is near las vegas boulevard and sahara. an ex