companies volkswagen that we cheated when it comes to evolution are part of the maze of course so this is that he wants to act quickly but he doesn't want to have its water industry but i guess the exactly the comic is won't be too happy about people leaving their cars at home. at the same time the whole diesel thing has been great in the people have started thinking about this sort of thing and politicians are being forced into actually making changes the germans of course love to test everything and love to plan everything so there are going to be so cities that are going to be tested to see if this actually does work or if it sufficient well i'm glad you can see the bright side of the diesel scandal here. really this this is something that has been tried and tested in other cities around the world melbourne for instance but also in talent and then sometimes there. was the hope that more people would basically leave their car at home because also what some of those examples did so is that people are also reluctant to leave that comfort zone of their own car behind but if it's for fre

companies like volkswagen that we cheated when it comes to evolution are part of the maze of course so this is that he wants to act quickly but it doesn't want to harm its water industry but i guess the exactly the comic is won't be too happy about people leaving their cars at home. at the same time the whole diesel thing has been great in the people have started thinking about this sort of thing and politicians are being forced into actually making changes the germans of course love to test everything and love to plan everything so there are going to be so cities that are going to be tested to see if this actually does work or if it's a vision well i'm glad you can see the bright side of the diesel scandal here. really this this is something that has been tried and tested in other cities around the world melbourne for instance but also in tallinn and there's sometimes there was hope that more people would basically leave their card home because also what some of those examples did so is that people. also reluctance to leave that comfort zone of their own car behind but if it's for fre

company. if a volkswagen was an american company, it would certainly be split up in different units. structure because they understand that they are not fast enough nowadays in a world is moving faster and faster, where you need to have the ability to form partnerships on different levels, with different players, and different use of your brand. guy: always good to see you. thank you so much for coming to see us. , the head oforst global automated -- automotive research. >> stuart gulliver's seven-year reign at hsbc is coming to an end. thising to bloomberg about impairment, ian mckay said the bank goes in with a clean slate. >> with have always taken a somewhat conservative stance in always with -- we have taken is somewhat conservative stance in dealing with troublesome credit. expect to go into 2018 with a fairly clean slate with respect to those exposures. affected -- has rejected a new activist call. higher commodity prices saw first cap profits rise to a three-year high. bhp raised interim dividend payments by 39%. the world's largest money management -- manager has turned bull

companies like volkswagen are committed. a change for some of the industries that are going through this phase the longest, which is the airline industry and the car industry as well. guy: we will talk a little more about what is going on in these markets. steen jakobsen, we are going to dig in on what the fed has later on. we are also going to be talking , this is how the market is interpreting the numbers. it has a big investment in digital, but is returning money to shareholders. the numbers weren't exactly great. estimates.yst the stock is up by 1.58%. this is bloomberg. ♪ ♪ nearly 14 minutes into the market session. let's talk about which stock stories we need to focus on. >> good morning. it start with lloyd's. they missed profit estimates. the stock is driving higher today on a report that the bank is investing 3 billion pounds in technology. more customers are increasingly going to their accounts online than the branches. i can vouch for that. another key takeaway, they are buying back one billion pounds of their own

major manufacturers committed to steep productions in damaging emissions to the environment a volkswagen company video shows actions taken to remedy what many considered to be a public relations disaster. the also most of industry is very important to germany creating many jobs and export revenue helping to make it the motor economy of europe which explains why the ethical questions now being asked of b.m.w. daimler and v.w. have such potentially profound implications dominic kane. berlin the u.s. environmental protection agency says it won't in falls regulations issued under the obama administration to combat water pollution the e.p.a. says is suspending the rules for two years while sick and says well there's a keep them at all the clean morse's policy focuses on smaller rivers and streams the trumpet ministration wants to kill off regulations it believes are too broad and harm economic growth it says the suspension of the a bomb or administration water policy will offer more economic security to farmers a major highway in brazil has been shut down because of shootouts between police and suspe

lock up mineral supplies between gadget manufacturers like apple and samsung and car companies like b.m.w. volkswagen and others and finally smart phones use about eight grams of cobalt for their lithium batteries by comparison electric car batteries require over one thousand times more of the minerals. toyota which is the largest car manufacturer in the world is teaming up with over the number one right hailing company in an effort to stay ahead of the future as relates to self driving cars toyota body portion of twenty sixteen the over c.e.o. said in an effort the effort was intended to be a continuation of a company's desire to build their own autonomous technology with partnering with important players in the sector while in japan for meetings with thai ota it became clear that goober is not retreating from the asian markets as some have expected for example is embarking on co-operative deals with japanese taxi companies in order to succeed currently has. less however than one percent of the market share in japan with very limited service. the national association of realtors has come out with it

companies? much beleaguered or maligned volkswagen is one of them. ational equity and global equity, this company has been used to crisis, affecting significant change, cost-cutting, being much more efficient. gulf, one ofe their vehicles, to go from 117 steering wheels the 40? 40 still sounds like a lot. let's listen to the hbb executive who spoke to us here. i know that abb is one of your holdings. >> first, we take any shareholder very serious. we are looking to have a .onstructive dialogue we've got a good, constructive relationship. talking about the activist investors that want to break up the company. he raise the profitability of a troubled power grid division to ensure that he doesn't need to break up the company? or will he have to succumb to their wishes? what side are you on? are always on the side of shareholders and what is best for shareholders. that should be were companies are heading. in the case of abb, we think they have done a good job and will continue to do well for shareholders. the thing about this company being such a leader

but the dax which mirrors the developed and in the thirty top equities and germany companies like siemens or volkswagen deutsche bank as a p. it's going up by about two percent and that's pinching basically on the kind of performance that wall street delivered on friday the dow going up but how unlike a roller coaster and really making nerves raw on the friday but deciding on a positive close and that's the sign that people are following up on. is this a sustainable recovery we don't know that yet much will depend on how wall street develops also in this coming week but when you listen to economists they don't really see a reason why markets should be going down in any any long way because they see economic fundamentals in place in order to support the financial markets and the financial markets really with the valuations here also supporting economic development which certainly amid all the volatility that we've seen and probably see a little bit more this also some very solid data it is earning season of course and there certainly is good news for shareholders of puma. yeah that sports article manufa

we have the scandals over car companies trying to alter diesel emissions, like volkswagen, what is goingworry with this is if you are a diesel owner 01’ with this is if you are a diesel owner or car manufacturer, what sta rts owner or car manufacturer, what starts in germany could easily ripple out across european cities outside germany. there will be other cities and other environmental campaigning groups who say that they wa nt to ta ke campaigning groups who say that they want to take the same measure and one cities to ban these diesels. i think the day of diesel is clearly on its way. we have been talking about the weather, the beast from the east, as it has been labelled. the guardian front—page tries to explain it and where it is coming from and why. there is not necessarily a causal link between what is happening in the arctic but a suggestion as to what there may be. i read this article with fascination, about two weeks ago there was a story in the times, in there was a story in the times, in the weather section that said something strange is happening in the polar vortex and thi

volkswagen. uber eats says the company is working with atlanta police. >>> a pilot is feeling lucky to be alive aftere was forced to land his plane on a northern california highway. he was reporting engine trouble and brought the plane down on route 01 by san jose. >>> an original pablo pee picao print is missing it was painted an signed in 1949. police have notified museums around the country in case it turns up. >>> a story you cannot afford to miss. we reveal which local companies offer the best perks and benefits for employees, here's nydia han with the preview. >> reporter: forget straight upsalry and health insurance if you're looking for a job listen up. some companies provide free meals and continuous education and nap rooms and drawnly facilities and open bar. how about a company that offers unlimited time off and flexible schedule and free tips to cool places. we'll show you who's offering what in the tri-state area and beyond. work perks on "action news" at 11:00 p.m. you wouldn't accept an incomplete job from any one else. so why accept it from your allergy pills? most pills don't finish

anbang insurance saying it was in illegal operations that could endanger the company's chances of staying in buness. >> volkswagen saw its profits double despite the fallout from ssions scl e the automaker benefitted from strong sales and cost cutting at its flagship vw brand. the ceo did warn of challenges, including more competition and big bets on electric vehicles and self drivingrs >>> speaking of which, ever since the jetsons were on televisionn the 1960s, people thought it would be cool to some day zpip around in a flying car. now some companies and tech firms are racing to make that a reality. how close are they to talking off? phil lebeau takes a look for us tonight. >> reporter: this is the vahana air taxi a prototype built by airbus which made a bef b successful first flight last month in oregon. after years of building traditional planes airbus is exploring the idea s ofll aircraft carrying one or two people short di iances. boei doing the same thing though its prototypes are not ready for humans to climb on board. that's not the case for hitty hawk. last year a video showed a man flying it over a lak

company. it is astonishing that volkswagen, the chairman joins us now. wonderful to have you here with us. mobile conference. who are you talking to? we want to be a champion in the field. reason. is the this is why we are here. this is what everybody comes here. caroline: what about acquisitions? m i saying this correctly -- [pronunciation] spanish twist. it is of course, a ridesharing company. i think the idea of engaging within the car sharing and ridesharing company is a way to learn how the mobility platform will work. economicnow, the fundamentals have the potential to grow the company. with the music that is enjoyable. that is that is the idea. but we need the strength to open the company. withve a lot of experience banks. caroline: why banks? luca: yeah, because it is the same thing, for example. some of the problems, or the challenges of the future, and to do that, you need to look back to those you have. that is our philosophy. is that a really for you? , my job is to watch the company. i think we have had two of the best years of sales. then onl;y tell you that closing is exciti

the cost in part goes on to the big brand car manufacturers, many of them asian companies but also the likes of volkswagenden here in australia. so we heard from new fed chair jerome powell yesterday and he was pretty optimistic about the state of the us economy. that being seen as a sign that the fed could raise rates more than three times this year which pushed up treasury yields and the dollar rallied against all major currencies. it appears he's firmly of the thinking that rates need to gradually increase to prevent the us economy from overheating. there is a concern that if they raise rates to quickly, it could not enough, but more than that and could overheat. we will assess all of the indications of that and that new fed chairand indications of that and that new fed chair and what that could mean for the economy. but first the details from wall street. new fed chairjerome powell's comments to congress on tuesday seemed to drive stocks lower. investors now have to wait a day for his next appearance in congress which will be on thursday. in the meantime, they'll have plenty of other news to contempla

volkswagen. if true, it would join other leading companies like toyota rev re faded -- started phasing out there diesel vehicles. phone makers try to win over customers with their new as models. with declining smartphone sales, that has become increasingly difficult. there is no revolution in the smartphone market for companies like samsung are trying to sell is one. reporter: samsung is focusing on cameras. it's new galaxy x nine and the slightly larger one may not look a whole a different but the pictures they take are less grainy. and, there is a new super slow-motion feature. it takes 960 images per second and is able to capture even these fesses moving objects. samsung -- fastest moving objects. samsung admits that most of its improvements are under the hood. >> there is a huge amount of innovation that you do not see because we have kept the best design of a phone out there appeared we have designed around the best looking designs. reporter: users can create three-dimensional avatars that match their loathing and facial expressions. -- clothing and facial expressions. they cost about 950 e

have actually recovered diameter shares are actually slightly volkswagen shares down at the moment with about one percent walks like a company that has been producing a lot of diesel cars but when you put this into perspective this is not as much as some investors were actually expecting a buyer to we also have to remember how many billions of dollars and euros were already lost in the equity market because of all this these gains gandel now this was the investor reaction what about the reactions from the car industry. yeah very interesting we have not received any kind of statements so far from the big car makers here in germany i was also looking at their social media feed there is simply ignoring the topic at the moment trying to avoid to talk about it but yes we're getting lots of negative comments from the german industry as this month former traffic minister now number one a lobbyist of the auto industry is saying that it will be very important to have the same rules for all germany and that it's very important that also small businesses won't be too much affected by this because we have to remember that also lots of s

volkswagen. especially after the scandal regarding dieselgate. and, the weinstein companyply for bankruptcy following the scandal surrounding its ceo, harvey weinstein. from new york's attorney general torpedoed their deal for merger and the company will now go into liquidation. >> can't say that it comes as much as a surprise, brian. let us finish with this planned revolution in a bike-sharing in france? reporter: the wheels have come off. -- in this system of sharing bicycles were customers rent a bike and then leave it wherever they would like, is taking a big blow. due to vandalism. some 3200 bikes were damaged, with over 1000 of them stolen, not the most flattering result for france, but we can take comfort that we are not alone. bijke quit the italian market last week for the same reason. >> i was enjoying seeing the yellow bikes around the city. that is sad. .ime now for our press review dheepthika laurent joins me for a look at headlines across the globe. hello there? you have seen reaction to china 's decision to remove its two-term limit for presidents? guest: ye

volkswagen is asking for cooling-off period saying the comments good sway jurors against the company. the trial is set to start on february 26. that is just one of the many legal battles that they have faced. >>> the city council is debating whether to install 13 license meet readers at entry and exit points of the alameda to help reduce crime. crime is rising by people using stolen cars. some critics worry this could invade people's privacy. tomorrow the city council will vote on whether or not to spend $500,000 to buy those readers. that leads us to the question of the day. are you concerned about license plate scanning cameras invading your privacy? let us know what you think. you can vote on our twitter page. >>> police have made another rest after high school student was injured in a street racing crash last month. police had been looking for the driver of the subaru since the collision on january 25. officers arrested juan guzman garcia last friday. someone saw the crash and saw the subaru in a parking lot and called them. he admitted he had been racing but was scared to talk to

company. competition with rival foreigners there is hopping up. is also expanding into rwanda. it looks like volkswagenone german carmaker that is starting to take the continent seriously. reporter: the folks i can factory -- volkswagen factory. it is assembled from preassembled parts. if all goes well, kenya's government says the plan is to expand manufacturing here dramatically. there are risks involved for germany's volkswagen. first, japanese brands are already very popular in kenya. while it is true that the middle class is growing, many of the countries 4500 people still do not earn enough to afford a new car. brent: vw operations are small in africa but the company is looking for growth potential. catherine has this from -- katheryn:. and as just expanded its operations in now be -- now, the german automaker seems to think that africa has a lot of potential. out of the four plants in south africa, it is two golly that has the smallest play -- plant. it is looking at skill transfer and local employment. now, volkswagen is seeking to fight for the limelight with the likes of toyota, peugeot, and c

. >> that's what union workers at volkswagen plants in germany will soon get. the company the union representing some 120,000 employees have just agreed to a deal that gives the workers a significant pay bump, added benefits and more time off. some workers will be entitled to 45 paid days off each year. that includes public holidays. the volkswagen group also owns audi and porsche. how are your skills on the assembly line? good? >> not good enough, i'm afraid. although i may need to employ them soon. time now for ask finney. michael finney is answering questions sent in by facebook, twitter and e-mail. anita from san jose asks, how do i find a new certified public accountant. my cpa retired. >> i would ask your former cpa if they have recommendations. if they don't, ask friends, business associates. you need to compare prices. i'll post two websites. all that of will be on abc7news.com. it's like a doctor and any other professional. it's kind of tough. look for the right fit. don't just say i pick them and that's the end of it. >> susan from the east bay asks, how do i dea

actually recovered dime their shares are actually slightly volkswagen shares down at the moment with about a one percent walks like a company that has been producing a lot of these cars but when you put this into perspective this is not as much as some investors were actually expecting virus but we also have to remember how many billions of do you as dollars and euros were already lost in the equity market because of all this these gains again go now this was the investor reaction what about the reactions from the car industry. yeah very interesting we have not received any kind of statements so far from the big car makers here in germany i was also looking at their social media feed there simply ignoring the topic at the moment trying to avoid to talk about it but yes we're getting lots of negative comments from the german industry as this month for my traffic minister now a number one a lobbyist of the other industry is saying that it will be very important to have the same rules for all germany and that it's very important that also small businesses won't be too much affected by us because we have to remember that also l

operations obviously small in africa but the company is looking for growth potential catherine i wonder has this analysis for us from nairobi volkswagen has just expanded its operations in their o.b. and the ones in capital kigali now the german car maker seems to think that africa has a lot of potential now the nairobi plant alone seeks to see the logic east and central africa now out of the four plants in south africa and nigeria and kenya it's kid godly that has the smallest plant but one day is looking more to see what volkswagen has to offer in terms of its economic growth so it's looking at skilled trades and local employment now folks like and is seeking to fight for the limelight with the likes of toyota persia oh isuzu and kenyan brand mobius which is also fighting for recognition. catherine and wonder that now this next story really brings a new meaning to doing your shopping on the fly and indianapolis hoping to cash in on passengers it get to skip an extra trip to the supermarket after a long flight it sells and even grows its own vegetables. okra beans ash gourd all freshly picked the vegetables are grown and harvested by

volkswagen agreed to settle a lawsuit over marketing and clean emissions. claims the companyeceived for him to read as differently than when they perform on the road. worth about $9 billion. and giving up control of the management business which looks following6 million allegations of money and the health care fund has been misused. halting commitments for capital organization complete. that is your bloomberg business flash. let's talk about saudi arabia. they will find out next month if it will be included in the index for emerging-market countries. they said back in september they would soon meet the criteria to be promoted from unclassified to a secondary market. inclusion would help saudi arabia attract more money from foreign investment. we will bring in someone from the gulf research center. what is your assessment as to whether or saudi arabia will be able to lock in progress over the next few months. >> that is a good question. i think this is the year of saudi arabia for the stock market. this is the year everybody has been waiting a for. i think they will be include

germany's scandal-plated volkswagen doubled profits last year to 11.4 billion euros. vw revenues were up by 6% to 230.7 billion euros. the company ranks as one of the world's largest automakers from selling 10.7 million vehicles worldwide last year, despite a company admitting many leading software on 11 million vehicles worldwide. it has had to pay billions in fines and compensation and is still under investigation. this report from the frankfurt stock exchange. reporter -- >> this was a strong year for volkswagen despite the diesel scandal. never before has the carmaker sold as many cars. the dividend will be doubled. still, the show price of four is one of the weaker ones here in frankfurt this friday. the outlook for the profit margin was not according to the tastes of investors. >> speaking of investors, a chinese investor has become the largest shareholder in's germany time where company -- germany's daimler company. he is the chairman of a multinational automotive company based in china. the billionaire already is a -- already has holdings in europe. the international agriculture show begins this weekend in paris. however

company breaches are trust. equifax, that paradise papers, the news corp. phone hacking,, the volkswagen emissions of scandal. what's interesting is when you look at the scandals, abuse in the catholic church, you see a same pattern in the breakdown of trust. and one of the root causes of this i think is lack of accountability. so this feeling that people can do terrible things, you know, the ceo of volkswagen, he knew about this and when he left he got a multimillion dollar payout. what does that signal to that organization? that you can behave like this and it's okay. one of the things that is a dangerous to trust is when leaders and organizations know about something and keep it hidden. if you think about equifax data breach, they knew about that for six weeks before the told anyone. executives sold their shares when he found out about it and they are still there. one of the things that's been interesting to me is watching not just the breach of trust by how companies respond. it's a little painful because every time you see him get it wrong. it's actually not that hard to respond to a trust breach and to

ptcy company has already filed for bankruptcy but this will mean the cost in pa rt bankruptcy but this will mean the cost in part goes on to big brand car manufacturers. also the likes of volkswagenhere in australia. thank you. now let's brief you some other business stories... the us commerce department is slapping steep tariffs of as much as 106% on chinese imports of aluminium foil. it claims that imports of aluminum foil products are being dumped in the us market at below price and that chinese producers are benefiting unfairly from government subsidies. oil prices have continued to fall — as industry numbers show an increase in us crude stockpiles amid surging production in the country. 0il stockpiles in the us have reached 421—million barrels — and rising output in the country is hampering 0pec‘s efforts to end the global glut — in a bid to raise prices. amazon has agreed to buy the video doorbell maker ring in a deal reportedly worth more than 1—billion dollars. it's set to be one of amazon's most expensive takeovers — after its almost 1a—billion dollar deal last yearfor whole foods market. here in the uk, toys r us and the electronics chain maplin are on the brink of coll

the company's design studio has a big gulp cup to show the importance of the feature. in volkswagensustomer. >> they're an asset. >> you know what happens to my cup holders is my kids put their ice cream cone in them and leave them. that create as problem. >> it does. >> thank you, children. >>> in a split second everything changed for students at stoneman high. we'll have more. we'll be right back. there are ordinary eggs... and the best. we like cage free, and which ones are more flavorful? only eggland's best. we prefer organic, and which have more vitamins and less saturated fat? only eggland's best. better taste, better nutrition, better eggs. are cream conditioners bringing your hair down? from the world's number one conditioner brand... new pantene light-as-air foam conditioner full of rich pro-v nutrients... ...and infused with air. for 100% conditioning, with 0% weight. strong is beautiful. new pantene. foam conditioner. ♪ life goes on, yes, life goes on... ♪ i've always wanted to share a special moment with my mom. i think surprising her with a night ski trip would just be

company, has gone missing. french rescuers deploying boats and helicopters. this speedboat washed up on shore empty. we've been told the french have called off the search. in germany, volkswagen, monkeys exposed to diesel exhaust. vw says no monkeys died in the experiment which do not yield definitive results. judicial watch president tom fitton's state ahead. he has a document from president obama state department and looking into the reporting on peter strzok who sent his anti-trump texts alisa page >> shannon: this is a fox news alert. a lot of late breaking developments on the memo at the house intelligence committee. republicans are responding to the democrats claim a little over an hour ago that they did not get the chance to review the latest memo sent to the white house, that it was tweaked and substantively change before it went to the white house. we've been talking about the memo reportedly involving surveillance of the term campaign. here's what we are hearing. "the committee minority is now complaining about minor edits to the memo including grammatical fixes and edits requested by the fbi and by the minority. the vote to release the memo was procedurally sound a

not only volkswagen and audi, it is bmw and others, using devices to fulfil the regulation only in the tested area. having six or seven times more emissions in reality. of course those companies there to have their say or put their prospective but i wonder how much of a spotlight the emissions candle put on diesel in the first place? cashback with the emissions scandal. —— the emissions scandal. the diesel companies they lost all credibility and it is a fault by our government who predicted for years that diesel technology —— who protected the diesel technology. this is the reason why we have this bad situation in air quality because no one was controlling and now there is a flashback, european standards for air quality have to be fulfilled and it is higher and more important than the question of mobility. what does this mean for the individuals, the individuals who perhaps are rich enough to buy a new car with the cleaner technology? the people who thought that they were doing the right thing by doing —— by buying a diesel car a few years ago, this is surely not fair on them? it is not fairand we are surely not fair on them? it is not fair and we are fighting as a consumer o

more than 1% past year check out, the concept car volkswagen a self-driving electric car id viseon unveiled next month, the a better powered car part 6 company year, and, finally, this, a series backlash a new york times peace about yoga pants, editor says women only wearing he pants because sexy not because comfortable, women over 30 should stick to classic sweatpants twitter hates this one user my favorite anybody one no one is requiring anyone to wear yoga pants, two, a lot of women bike wearing yoga pants three yes, they allow for flexibility to see if posed correctly four do better "new york times" oh, my god, headlines. >> [laughter], what aned idion. >> give me a break. >> all right. >> want my to weigh in on this? >> no, we are getting on ratings -- >> all right, be right back. sw lovpz team usa won 12 metals ratings to sink from games lauren simonetti with details. >> you know the olympics have not been that he entertaining not a lot of interest they wrap up this weekend, team usa could faithful the lowest metal count, trailing norway, trailing germany, canada as well as the netherlands, we have less than haef metals as in sochi in