the german government ordered daimler to retest. if the latest of several carmakers accused of cheating on omissions tests after full quicken admitted -- volkswagen admitted to installing cheating devices on 11 million cars. i'm going to discuss this with daniel winter in the studio on dw from our business desk in our financial correspondent in new york. daniel, i will start with you. and now, daimler said repeatedly they did not cheat on omissions, it's not part of the dieselgate scandal, but this doesn't sound that good. if i was a progress it is driver, should i be concerned the brand will be affected too? reporter: not just yet. dieselgate hasn't caught up with daimler at the moment. there's no sign they will be implicated just yet. if you do have worries that your karma might be affected by this recall, go to -- car by the affected by this recall, go to daimler's website. you don't have to take your car there. if you did, it would require about an hour update of your software, and that's it. what they are trying to do here is t

daimler ag is one of them in germany.fter the paper came out with a report saying there was a warrant issued for the to search the car maker's facilities because of allegedly using some cheap devices on one million diesel engines, two different engine very big deal for diesel today. guy: we will move from diesel to jet fuel. the president of the u.s. and the first lady departing air force one in paris. this the start of a two-day trip . we have meetings this afternoon between the two presidents. we will have a press conference later on today. in advance of the fireworks and pageantry of the bastille a celebrations. and the chancellor of germany will be in paris later on today as well. ongoing negotiations for the future of the european union create fascinating what they have to say. what is in the baggage hold? does the russia story remain with the president as he travels? the: i thought you meant baggage hold of the beast. what you are looking at is the president's limousine made to look like a cadillac limousine. it is

manus: mercedes is what proportion of daimler echo -- daimler?el: it is is a nifty part. .- it is a significant part anna: in terms of the anti-competitiveness and what the carmakers have told us so the i was reading that justice minister in germany seems that the carmakers understood what is at stake. others say germans compete with mobile car companies to some extent, some talking about some things used to be expected -- is to be expected. michael: there's a fine line between collaboration and collusion. i don't think we are going to hear too much from invested -- from the companies today. we have a journalist compass call this morning. -- journalist conference call this morning. manus: let's talk about the risk. this is a quick chart. these are the dividends. bmw, renault, porsche. the 2015 dividend was slashed from 4.8. we don't know. we don't know how big these issues might be for the automakers. out moreuntil we find from the authority, there are potential fines that can be levied against the car companies . we saw this with the truck maker

lows not seen since end of last year eu regulators investigate a cartel between volkswagon, bmw, and daimler. >>> 55% rise in first quarter profits, the low cost carrier could fall as much as 7 to 9% sending shares lower. >>> assets on demand management julius baer, best performance since 2008, sending shares to the swiss bank to the top of the 600. >>> and shares in b and m rise on a report as there could be a 4.4 billion pound bid for the discount retailer. good morning welcome to the show. looking at pmi data for euro area crossing the wires. seeing it was very much in line. pmi services was 55.4, estimated at 55.4. and then look at the manufacturing, came at 57.4, marginally ahead, 57.2 marginally ahead of estimates at 6.2. on france, mixed picture, weak when it came to services but strength when it came in it was traded marginally higher today. seeing a little of that received now. let's move on, talk about the top story today. looking at the auto sector reports the commission could be investigating collusion among germany top automakers, following a report that bmw, volkswagon, audi an

it's an accusation daimler strenuously denies.e asked our business correspondence if this is the dawn of daimler's own dieselgate. reporter: it certainly seemed that way to investors. at the start of the trading day, daimler shares jumped 2.5% as investors were spooked at the idea that the affected cars could lose market approval and be bad for the sale. for its part, daimler has said it sees little risk that will happen. as such, investors were relieved and a sharp price bounced back by close lower -- the share price bounced back by close lower. clouds over investor sentiment are bound to stay overhead. >> now for the greatest race on two wheels, back over to brent. brent: the tour de france has entered the mountain stages with the writers -- riders taking on long bursting climbs in the pyrenees. that means it's business time for the reigning champion and his rivals for the yellow jersey. he went into stage 12 at the top of the standings but his slender advantage could be wiped out in an instance. reporter: disaster struck 15 kil

daimler risks the dividend.hael: they have a dividend yield of over 5% and given that they have underperformed, it -- the dividend yields are underpinning the sector. if there is a risk of this that could be cap because of future finds impacting cash flow, this is a risk to the sector. matt: michael dean, thank you. joining us from bloomberg intelligence. we will be talking about this a lot through this program and throughout the next couple of months and years. we are minutes away from the open. we take a look at the movers in today's trading including itv as the broadcasters revenue misses estimates and it sees net ad revenue falling. the open eight minutes away. this is bloomberg. ♪ manus: welcome back to the market open. sentiments to go till the start of the trading day. a heap of stocks in focus, i will kick it off with itv. think corn eischen -- coronation street and love island. revenue is a shade below what the market had anticipated. they have a new ceo, carolyn mccaul coming in as the ceo. political u

ford, daimler, punlg yoe reporting. daimler down 14%, ford down 7% but punlg yoe had a really decent incline, up 16.7% 78 fr 7 is the pe ford trades at the same level, 7 is the handle. and that c ompares with the dow trailing or forward 18 to 20 times. so why is this sector under so much pressure? sales headwinds. you have all the lease cars coming off on the two year deals and prices are under pressure. second hand c secondcar market under secondhand car market is under pressure compact sales were down. this is first six months 18.4% decline in sub compact as well so the likes of gm are going we need to look at our portfolio. so looking at section cix cars review so all kinds of sales headwinds for this group of cars and this sector electric dreams. high point here is that as we heard on squawk box, they hooada fantastic debate, apparently we're all going electric so very interesting to see how the internal combustion engine is displayed and we have electric, hybrid, whatever the model is, leading the board as well who

a very it's an interesting pivot by daimler.d fight the accusations with all legal means , the accusations that were surfacing. in pivot it and said that there would voluntarily recall 3 million vehicles. last week the discussion was around one million vehicles and then daimler came forward and said 3 million. it seems they're trying to get in front of this and say we will do this voluntarily. prosecutorstion by does not end in germany. there is also an investigation going on in the u.s.. we will have to wait and see what happens but from a pr point of view, daimler wants to say we are taking action and will make decisions ourselves. what does this tell us about the future of diesel? european cities are rejigging their policies around this in some cases. what do we know about the future or diesel? diesel will be around for a while, but clearly all of the headlines move forward the end of diesel, if you will. you have so many cities talking about bands because of clean-air issues. stood guard is one of those cities talking about

folks like and daimler have declined to comment on the allegations. —— folks via and daimler.en taking an interest in? jeremy cook, chief economist, world first, isjoining us again to discuss. 0ne one of the big stories the financial times greece to raise euros of the first bomb selfie years but let's not breathe a sigh of relief? nobody should be popping such champagne corks over this. this is an incremental step awards greece being back. we are talking about uk gdp this morning, the q1 gdp increase was positive, we're starting to see green shoots of recovery, but when you look at the fundamentals of the economy, still very poor, 180%jet to gdp ratio. whilst this increases the amount of debt that greece eventually owes, it has been financed at a lesser interest rate than most of the other debt that it has. its last bond issue was three yea rs has. its last bond issue was three years ago and was about 4.9%, this is 4.5, 4.6. so incrementally getting a bit better. what is interesting is this bond sale to dublin was a kickback for some of the people buying the bonds. a lot of pe

daimler taking precautionary action recalling diesel vehicles .will see how that stock reacts to this news. keep an eye on that. clearly, the diesel story is not done yet. i talk about the impact on companies. diesel in the long-term, that is a different question. we talked about akzo. numbers out next week that this morning, tom bush and has stepped down for health reasons. will it have an impact on geople's thinking regarding pp and the road forward question mark we will be watching reckitt, selling its foot business. focusing much more on the future going forward on the baby care unit which it is bulking up in. keep an eye on what is happening with the mining sector, that is one to watch. we have seen a strong performance overnight for iron ore and that could feed back into the miners as we continue to watch what will happen. bp another stock to pay attention to. this deal price clearly front and happen -- front and center. operational factors coming through. the market open is four minutes away, plenty of stock stories going on. and whatare at

att was a bit of a dig volkswagen's troubles and daimler as well.o remove themselves from the situation. everybody was involved in these things. manus: they're a good morning to you. it is election year in germany. angela merkel is at the polls. how is this playing out politically? is it precedent in the press? precient in the press? chris: it is difficult for one party or the other to claim ownership of the issue. people are trying to get political mileage out of it, but for the spd, the main opposition party, is they have been part of the government as well for most tenure.l's it will be difficult to get political -- ri merkel is very close to the auto industryder. -- merkel is very close to the auto industry. manus: we saw the sox get a bit of a smack on friday, a double punch yesterday. there is a moderately small movement today. what is it that moves this story forward. is it a concrete piece of evidence? is it something which validates the der spiegel article? chris: right now, the automakers have not come out really strongly. volkswagen, daim

big manufacturers, volkswagen, daimler, they all have a footprint there.hey see turkey as a place, a launchpad for the rest of the region. ultimately, if things were to go sour but you have to wonder about their operations. we are a long ways from that point in now, but one of the warming -- warnings that came from germany to businesses. nejra: bloomberg has written a great story outlining the many businesses that could be impacted but who is most at risk? chad thomas: most at risk is it the automobile industry because they have significant manufacturing footprints in the country. volkswagen, daimler and a lot of suppliers like robert bosch, the biggest auto parts supplier, the german company, they are the ones at risk because volkswagen, for example, they are one of their subsidiaries making the buses. there may manufacturing plant is in turkey. if there were to be a disruption of the service, that would eventually for them in terms of operation for delivering the buses they built. nejra: it all circles back to the automakers. in q2 chad thomas -- thank y

daimler saying they've been incorporating since 201 1. volkswagen stopped some of their practices beginning of 2016. they reported themselves to the german and european authorities middle of 2016 i would have said they would have had no announce something >> or is this before the epa said look what you have been doing, and enthis, of course, the whole apple cart was thrown up as well -- or thrown over as well is this once again being not giving the shareholders as much information as they possibly should have had in early stage >> i think this is a completely different situation. they have reported themselves. they're cooperating with the authorities, as i said earlier on in this case. this is potentially dragged into the year because some were -- i still don't see major global legal threat here. >> where is the line here? look, you look we see the industry commissioned as well. to move to pricing to say we're going to have smaller emissions systems because that was one of the big headlines as well, and then do that in concert with each o

daimler has unveiled plans to cut vehicle emissions.llion mercedes—benz diesel cars, and installing a software fix on the vehicles. daimler has been under pressure from police and prosecutors, who are investigating the possible manipulation of diesel exhaust emissions. the voluntary fix will cost the company $250 million, and will begin over the next few weeks. don't forget you can get in touch with me and some of the team on twitter, i'm @bbcrachelhorne. people living in a village on the lizard peninsula, in cornwall, will this morning be assessing the damage left by flash flooding. heavy rain and large hailstones bore down on coverack yesterday afternoon. at one point the village was spilt in two by the flood waters. a big clean—up operation is now underway, as our correspondent jon kay reports. how is this for the start of the summer how is this for the start of the summer holidays? a coastguard helicopter winching people to safety in the cornish village of coverack. howells and massive hailstones, wind and thunder, then hours of tor

>> it seems daimler may have let itself off a fine worth billions of euros because it is a cartel caseorities significantly earlier than its rivals, and that could see it let off the hook. the main auto manufacturers had been allegedly holding secret meetings since the 1990's, colluding on technology and prices, on -- and revelations have sparked fierce debate. . reporter: eu and german antitrust authorities are now investigating whether his company colluded bmw, porsche, audi, and daimler to disadvantage foreign carmakers. companies found guilty of breaching eu cartetel bills face times as much as 10% of their global revenue. >> if these cartel a accusations proved to be true, it could cost the carmakers aliens --- billions. ththese are ontitime pmements tt will certainly hurt, but at least they are bearable. much worse is the loss of trust. after all, who would buy a car for 100,000 euros from someone they don't trust? that queuestion is likely to ben the minds of german auto executives as they daimler supervisory board meets to discuss the allegations on wednesday. helena: 10 to go

shares for bmw and daimler dropped more than 3%. german cartel office have not yet launched an official probe, but are looking into the allegations. if true, this would open upa the allegations. if true, this would open up a whole new chapter in the diesel emissions scandal. that is because engine exhaust technology is also allegedly involved in the cartel. vw and other german brands are only now starting to recover from the emissions row. so another scandal would be a blow to the industry's reputation. damian maginnis, bbc news, berlin. in other news, britain is hitting the breaks on new petrol and diesel vehicles. the government plans to ban new cars and vans powered by fossil fuels by 2040. government officials are expected to unveil a $332 million fund to help cut down on pollution to improve the air quality. the money could go towards retrofitting buses and other transport. the reported move follows a similar announcement earlier this month by the french government. president trump says apple's chief executive, tim cook, is com

the german car make daimler has sold more than 1 million cars with excessive emissions this according to a report citing a search warrant issued. it says models with excessive emissions were sold from 2008 to 2016 in both europe and the united states. a spokesman declined to comment on the investigation, but said that it planned to cooperate fully with the authorities >>> and casino has beaten second quarter sales estimates. the french from spr market retailer reaffirmed it's 2017 profit targets adding that the and i would of its unit in brazil was progressing shares up nicely this morning up by 4.3% >>> and european union top brexit gosh great tore says tno to make. and says it's inconceivable for talks to continue without settling initial issues like citizens rights. he fired bake at boris johnson who says the eu can go whis he would over brexit's exit bill. >> i'm not hearing any whistling. just the clock ticking >> no whistling, just the clock ticking. i like one it is one year to the day since theresa may became prime minister and it has been an eventful year. may announced artic

also in the programme: cutting diesel emissions, car—maker daimler says it will recall three millioncedes—benz cars to install a software fix. here is how the european markets look at the start of the trading day. we will take a look at what moved the asian markets and how the american markets closed. some of them at all—time highs. imagine a sports star and you're probably thinking of someone at the peak of their physical fitness — not necessarily. we're looking at the lucrative world of e—sports. today, as the uk government bans businesses from imposing extra charges for paying by card we want to know, when have you been surprised by a surcharge and what was it for? just use the hashtag bbcbizlive. hello and welcome to business live. we begin with talks between china and the united states. president trump's 100—day deadline for boosting trade with china has come and gone and officials from both countries are about to meet in washington to assess what's actually been achieved. mr trump hopes the talks will tackle what he says is an unfair deal. it all boils down to this — the us buy

daimler has agreed to a similar update for 9 million cars. to another big question, is opec pumping more than planned? speculation over the oil glut, brent and crude falling 3 percent. the countries made a pact to slow down production but instead produced 145 million more barrels in july been agreed. opec countries are set to meet again on monday. for more on that let's talk to our financial correspondent on wall street. jens, good to see you again. opec output seems to be a big mystery sometimes. we hear it is higher and been lower. how confusing is this for investors? >> we have heard this week is that opec member ecuador is pumping more. it is a smaller producer of oil but still out of economic despair, they are not holding to the quote is opec decided on a month ago and talking about monday, that is when opec will review how the production cuts worked out. will prices on wall street traded sharply lower, losing a good 2.2 percent --2.5%. oil stocks coming under quite some pressure but overall it was a quiet trading day. brent: it was not

daimler announces a voluntary recall, 3 million diesels in europe will be recalled.adevesting diesel cars. daimler recalling 3 million diesel cars across europe to fix the mission problems -- emission problems. they are down 1.32%. health second-quarter earnings adding close to one million people in the retirement and medicare unit. it was calling it a quick in the affordable care act, was there a reason for success? we will find out. this is bloomberg. ♪ ♪ live from london and new york, i am nejra cehic. vonnie: and i am vonnie quinn. switching to health care, maine senator susan collins say she is a big no on the health care repeal vote. -- says she has serious concerns about how to continue to provide affordable care after medicaid expansion. the bloomberg health care reporter for more on how all this talk impacts the business world. the 3.0moved on from version of the gop bill to the repeal, which is now also failing potentially. we need three senators to say no and two have come out and said absolute no. >> that is right and you have seen the gop which -- switch

daimler had to recall 3 million vehicles in europe in an attempt to reduce pollutants. audi and bmw are planning to modify their engines. >> we are totally against a driving ban. we believe there are more intelligent ways to solve the problem of urban air-quality. traffic flow is very important. better traffic is able to flow, the lower levels of nitrogen oxide in the air. reporter: car industry insiders will keep a close eye on what happens in stuttgart. after all, the outcome of the case could shape future policy in germany. javier: time now for a check on the financial markets on a special day in the u.s. and on wall street. but do not take it from me. take it from our financial correspondent in new york. what is cooking? jens: well, we are celebrating national hot dog day. americans probably this summer -- between memorial day and the end of may, labor day at the beginning of september -- americans probably will it around 7 billion of those hotdogs. overall, the market probably got some strengths from national hot dog day. we had new records on wednesday. the nasdaq

volkswagen, bmw, daimler, audi, portia. all german car brands clues of collusion.parts or talks to agree cost5, either for part5 orfor talks to agree cost5, either for parts or for technology. the news has rattled investors. when german media first published the reports, shares in volkswagen fell by 4.9% and shares in bmw and daimler dropped by more than 3%. the european commission and the german cartel office haven‘t yet launched an official probe but they are looking into the allegations. if true, this would open up a whole new chapter in the diesel emissions scandal. that‘5 chapter in the diesel emissions scandal. that‘s because engine exhaust technology was also allegedly involved in the cartel. volkswagen and other german brands are only now starting to recover from the emissions row. so another scandal would be a blow to the industry‘5 reputation. let‘5 cross over to the us now— earlier cnbc tweeted this: "trump to announce later today that apple—supplier foxconn will build manufacturing plant in wisconsin." let‘s get more on this with samira hu55ain in new y

the german manufacturer mercedes benz daimler is bucking the trends. and it's got to fight for the so called new generation diesel technology. which it says can help reduce co two emissions. but with the uk representing the largest single export market for john the manufacturers. dina may be fighting a losing battle. german carmaker's a volkswagen and daimler convened emergency board meetings this wednesday. they're facing allegations that they participated in a price fixing cartel to limit competition over the past two decades. bmw audi and porsche are also implicated. european commission said it had opened an investigation this weekend. volkswagen and said it was not taking an official position after that meeting. but that exchanges between manufacturers on technical issues were not abnormal. let's check in on the day's trading action now the major european indices closed upwards. tech council meeting with gains of about half a percentage point frankfort docks about a third. on wall street we've seen at new record highs for the dow jones s. and p. an

francine: chris, what is daimler trying to accomplish here?hris: well, they are trying to get out in front of this. basically, they have been pretty adamant, fighting these allegations that they have cheated, that there is anything wrong with their vehicles. what they are trying to do is to become good with the german government and say, we are going to get out ahead of this thing. we're going to recall every single modern mercedes diesel on the road in europe. to wipe this thing under the rug. it is a relatively cheap fix. it is like 70 euros per car, 20 million eurs. if this fixes the problem, they get away pretty cheaply. francine: will they? is it too soon to say they do get away with it? are there wider concerns about diesel cars in general? >> there is still wider concerns about diesel. diesel is under pressure, regardless of this recall. this underscores the issues with diesel in general. the fact that it is efficient technology in terms of fuel burn, but it creates these gases that cause smog, and could cause cancer. these issues persi

comments, following an emergency board meeting, come after allegations in the german press that bmw, daimlerver diesel emissions and other issues including pricing— claims they have dismissed as speculative. let's ta ke let's take a look at the markets. tokyo stocks and other markets in asia rose on thursday morning. that was back at optimism of the companies posting results better than expected. the dollar fell after federal reserve is kept interest rates on hold as expected but it has given expect is an appetite. the three main us markets moved higher as us stocks surged to a fresh record highs. the dow gaining almost half a percent, the most impressive, after boeing sought after a strong earnings report. you get in touch with me on twitter. we will be going to the papers injust with me on twitter. we will be going to the papers in just a with me on twitter. we will be going to the papers injust a moment. don't go away. new figures suggest there are inconsistencies in the way drug driving laws are being enforced in england and wales. her majesty's inspectorate of constabulary said data fro

daimler and chinese partner are investing some of the $35 million in electric medical -- battery vehiclesall aging bend. a daimler spokesperson said the company expects the chinese market to have a substantial share of electric vehicle sales by 2025. amazon will create 1500 full-time jobs with a new salt lake city center. the a 55 square foot space will ,llow workers to package books electronics and toys. this is amazon's first facility in utah. virgin branson's galactic is set to relaunch trips. \ she hopes to be on the first trip to spain -- he hopes to build the first chapter 2018. the company experimented with the rocket plane broke apart due to cope all it malfunction -- copilot malfunction that is your latest bloomberg/. tesla shares are tumbling as the models disappoint. will the model 3 be able to rev up energy in the company? this is bloomberg ♪ -- this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. , ata shares are tumbling the lowest point in a month before the introduction of is a model three sedan. joining us is jamie. i cannot really keep track of th

report alleges bmw, daimler, volkswagon may have worked together to fix prices and designs of dieselmission systems. the report says the european commission could step in to investigate this possible collusion. they say vehicles comply with all legal requirements bmw, daimler, volkswagon, that's what's weighing on markets in europe, that's causing some weakness, especially in germany. continental markets taking a hit as well. >>> other stocks to watch, ryan air. second quarter profit rose the carrier says timing of easter resulted in a rare annual increase in average fares. ryanair warned they could cut late summer fares as much as 9% as competition heats up. european trading up 2.5%. >>> american, delta, frontier airlines agreed to pay hundreds of thousands of dollars in fines to settle government claims they violated rules aimed at protecting consumers they found they failed to make timely refunds, delta underreported mishandled bags, frontier involuntary bumped passengers from overbooked flights. the airline story resonates with many viewers. >> we all have our stories, don't we >

daimler under pressure, a new report says that the carmaker possibly sold more than a million cars with excess emissions throughout europe and the united states. >>> maker of havaiana being sold for $1.1 billion it was owned by jnf group which manages the fortune of the about a batista family and the center of the country's corruption scandal. the maker is being bought by three brazilian banking groups >> everyone from blake lively to january fer jennifer aniston wears these green flip-flops and it urge issed on t esed sur expectation of the sale. so it was more about the brand itself that resonates with a lot of people. why? well,ing they are cool and they are green and they are comfortable. >> but flip-flops. it's a piece of rubber >> the power of branding and marketing. >> i know. there we go. i go for cheap flip-flops personally >> that is actually surprising a compliment, though >>> kid can rock sbher takening that he will run for u.s. senate the outspoken supporter of president trump drew attention to a kid rock '18 for u.s. senate website saying that it is absolutely real. he als

they partly withdrew from the cartrtel meetings due to concerns about european competition law and daimler revealed the existence of a cartel giving the carmaker a chance to escape fines. bmw responded by temporarily suspending cooperation. >> maybe it is time to return to horsepower. strong as a horse doesn't mean anything until you can back it up with metrics. that is where course analytics is ahead of the race. it has developed a fitness tracking at four horses. they can monitor how the horse has galloped after each training session. it can be used to improve the training regime or to find up whether the horse is sick or injured as well. over to brad. >> that is right. to even know what horsepower means? >> you were enjoying that story, weren't you? >> we now have a story who can tell you a thing or two about horsepower. known for not competing in the berlin olympics, she has died at the age of 103. she was kept off of the german team because she was jewish. today there are stadiums and streets named after her here in germany and her adopted home, the united states. >> detailed in book

daimler says it is fully cooperating with authorities.he royal bank of scotland is to pay $5.5 billion to resolve the second of three major u.s. fact mortgage security investigations. the federal housing agency has set of claims that rbs. the mortgage bonds -- that rbs sold faulty mortgage bonds. the after the negative ceo -- the aztrazeneco was given the top spot. the report suggest he would get double the salary of the current ceo. mark: shares began trading in frankfurt this morning in two ne wlistiw listings, following thet of metro. let's speak to the chief , joining us now on the phone from the frankfurt stock exchange. good morning and thank you for joining us. what sort of value is going to be unleashed for shareholders as a result of this demerger? >> good morning. i think that the main value is clarity. we are going to dismantle a conglomerate that has been in place for quite a number of years, diversified in retail and fulfill performance. -- and wholesale performance. it is a business for business platform. the consumer busine

der spiegel reported friday that bmw, volkswagen, and daimler may have fixed it.td regulators are investigating the allegations. >>> "dunkirk" topped the box office over the weekend. >> there are over 400,000 men on this beach. >> the movie sold an estimated $60.5 million in ticket its debut weekend. audiences were 60% male. second place was "buddy." >> 76% men that. doesn't shock me. >> i still want to see it. >> i do too. it's getting great reviews. roxana is live at the new york stock exchange. thank you. >>> still ahead, tears of joy. a little boy's overcome with emotion as his step mom reads her vows. our best bandage yet! it dries almost instantly. better? yeah. good thing because stopping never crosses your mind. band-aid® brand. stick with it™ if you've got a life, you gotta swiffer >>> here's a look at today's forecast in some cities around the country. >>> alligators usually turn up only as shoes among the stylish visitors to miami's glitzy south beach. so yesterday a 6-footer turned up near a jetty. he was captured and taken to a more fitting home. >>>

c motor shares and focus after daimler said it is 655nering to invest solion euros in a factory, shares of 3% there. great wall motor in hong kong, h-shares upgraded to overweight, and morgan stanley, popping 6.9% there. rishaad: thank you for that. some of the first word news headlines. saudi arabia and its allies says qatar's responses negative, showing complacency to do with the problem, but decided not to impose any new measures. qatar denies charges it is destabilizing the middle east. >> we cannot have a country like qatar that is an ally militarily in the gcc and the league and that hosts an airbase from which planes take off to fight isis and al qaeda and turns a blind eye to financiers who operate openly in qatar. >> we must discuss the claims and allegations while presenting evidence and engaging in a constructive dialogue. qatar stands ready to engage in negotiations with a clear ourework that guarantees sovereignty is not infringed upon. israel and india have launched a new tech fund. camennovation initiative as narendra modi looks to boost triesonomy and his host to boost h

volkswagen owns porsche and down 1% this week daimler is not doing any better.itto, down roughly 1%, 4.5% in the last week. and bmw lower by 1%, also nearing 5% declines for the week worthy of note, the decline in the swiss frank against the euro here i believe we're showing -- this is daimler. we're showing it against the swiss frank. it is weaker against the dollar but particularly against the euro the swiss frank is still overvalued they're sticking with negative rates. also currency interventions. so they're even more ultra easy than the ecb mike, back to you. >> all right michelle, thank you very much. >>> as we've been talking about of, amazon reporting a second quarter miss continuing to push ahead into invest ment. s in video is it time for investors to pull back an analyst joins us. we'll talk about it with these guys john, you know, you obviously have a little bit of a pullback in the stock i wonder if you characterize this as really a disappointment in terms of what was expected in the general tone of what amazon does as i mentioned, the stock is back

german carmaker daimler says it will build car batteries in china with both sides coughing up 650 billion euros. that as volvo announced the end of the combustion engine starting as early as 2019. new models will be eitherr electric or hybrid. >> the combustion engine's days are numbered, at least at volvo. step by step, the swedish carmaker wants to make a break with purely combustion engines in coming years. the company says starting in 2019, every new volvo will be powered by an electric or hybrid engine. it says the move is in reaction to customer demand. the company has invested heavily in the new technhnology since 2010, and there is a reason for it. china is leading the pack in electro-mobility with 40% of global production. germany produces 23%, while the usa is at 17%. nowhere on earth are there more electric cars on the road than in china. the government is applying pressure. beijing wants to impose a quota, demanding that foreign companies increase the percentage of electric cars they produce for the chinese market. that is also putting pressure on german carmakers. >> as for a

it reportedly included daimler. industry has been told they are not probing the companies and german police were sent a list by accident. the poland, where the president in a surprise move maybe rescuing the independence of the nation's courts. he will veto controversial legislation which would sharply curtail the independence of the judiciary. the surprise move defies the efforts of the party to control the appointment of supreme court justices. protest seven taking place across the country against the reforms. reporter: a heavy setback for the leader of poland's most powerful party. as he arrived for an emergency meeting at party headquarters, legislation continues outside. the president earlier french -- pledged to veto two of the three bills. >> it was never part of our tradition that the attorney general fear the work of the supreme court. not to mention the work of the judges. reporter: the report would give prosecutor general department -- power -- thousands took to the streets across poland and they are stil

, including 2 in particular, german chemical giant basf, and the parent company of mercedes-benz, daimlerthose two are on a list the turkish government handed to germany, saying they support terrorism. berlin could react by scrapping a program that offers guarantees to german firms in turkey. it could now be dropped completely. last year there was already a 20% drop in such government guarantees. that is just one of many pressure tactics germany can use against turkey, but what would that mean for the country? here's how these programs work? reporter: by exchanging verbal blows, the foreign ministers have got companies on the back foot. the threat from the german government is clear, we will stop supporting exports to turkey is antidemocratic behavior continues. while it doesn't amount to a ban on trade, able me for more risks for german firms. some doubt it will help sway turkey despite the economic impact. >> there is no doubt that economic consequences and damages can be created. the core question will be whether the policy will change. here i'm very pessimistic. we are pushing for fin

the german magazine "der spie l spiegel" reported friday that bmw, voeks wag wagon, and daimler may have anti-trust regulators are investigating the allegations. >>> "dunkirk" topped the box office over the weekend. >> there are over 400,000 men on this beach. >> the movie sold an estimated $60.5 million in ticket its debut weekend. audiences were 60% male. and 76% over the age of 25. the buddy comedy "girls trip" debuted in second followed by "spider-man." >> 76% men that. doesn't shock me. >> i still want to see it. >> i do too. it's getting great reviews. roxana is live at the new york stock exchange. thank you. >>> still ahead, tears of joy. a little boy's overcome with emotion as his step mom reads her vows. it dries almost instantly. mom reads her vows. mom reads her vows. good thing because stopping never crosses your mind. band-aid® brand. stick with it™ if you've got a life, you gotta swiffer from a couple of cattle ranches. president trump's son-in-law is set to testify before lawmakers looking into russian interference in the 2016 election -- as the president steps up the pres

the chemical giant the largest chemical producer in the world and daimler of course make automobiles including miss eighty s benz that had put them on a list of having supported the movement which the earth one government in turkey says was behind an attempted coup last year so this then prompted the question of did these allegations actually happen while turkey said no on thursday they issued a statement through their deputy prime minister met says the sec some second beg your pardon saying that these were completely false and that germany on the turkey welcomed german in vestment investment so we contacted the german interior ministry and asked what exactly happened did you receive any list from turkey while they got back to us and said this they said the turkey did send material to the police here in germany that there was no concrete allegations made or no concrete details there and they decided not to follow it up well this is the latest in a litany of scandals between turkey and germany diplomatically it also follows on from the arrest of a german human rights activist in turke

like fiat chrysler like daimler as well obviously the level two investigations going out so. you know companies are moving away from diesel but in the short term they are. pushing election vehicles you know to only to a certain extent equally tesla's by far leading the the push ahead back consumers they was going to be like for us driving electric because right broaden the traditional gas guzzler will see. experience going to be like i mean do people are you make one the actual performance of lecture cars is better faster zero to sixty time. ideas can be like give getting used to plugging your cell phones everywhere right i mean what you get you into that habit into action being behind the wheel. is really no difference the question is will there be enough places to charge will be easy enough remember with fast charging. you could basing it almost a full charge in about you know the eighty fe thousand vehicles sold this year. to millions of vehicles and and what happens if they you know we have serious grip problem s. no i it's gonna require more money more infrastructure mor

but the german automaker daimler is recalling three million diesel cars across europe. parent company of the mercedes benz and smart brands said it will invest two hundred and twenty million euros. prepare those vehicles to reduce their pollution. regulators are reportedly looking into whether the company violated emission standards. nigeria's government is trying to crackdown on tax evasion entries desperately needed public funds. africa's largest economy is a major oil producer and a suffered from a slump in global prices. it's also among the lowest tax collectors in the world just six percent of its gdp. but many nigerians admit they don't trust the government to make good use of their tax money. making the task harder still alexander hurst has the story. nigeria's government is caught in a catch twenty tw. tax collection means it doesn't have enough money to provide the public services its citizens want. but average people see little point of paying taxe. when they get so little in return. well it's when it's wet wet wet it's great to sit there waiting for. death bu