martin winterkorn was a dominant figure in german industry, the chairman of volkswagen for seven yea years and the highest—paid ceo in a country. he blamed the emissions candle on the mistakes of a few people but the justice candle on the mistakes of a few people but thejustice department in america said that is not true. he was informed of the scandal and conspired with executives they say to perpetuate the fraud and keep on misleading us regulators. a tough worded statement from the us attorney general in the last few minutes. volkswagen's scheme to cheat requirements went to the top of the company. a brief look at some of the day's other other news stories. a former official at the houses of parliament has accused the commons speaker, john bercow, of behaviour "unworthy of someone in public office". david leakey — who retired as black rod last year — said he had experienced "intolerable" rudeness from mr bercow. he is the second person this week to make allegations against the speaker, who strongly denies the claims. more than 330 million twitter users worldwide have been urged to

faults of falsified emissions claims what specifically for what consequences that will have for martin winterkorn remains to be seen as far as we know he is in germany and the german government will not extradite him but that is so far the latest there's also a statement out from the folks saying that they will continue to cooperate with us regulators right now against them thinking of me for sounding a little bit cynical but was this really any kind of surprise. in one respect yes and to the other no in my twenty year career on wall street i do not really recall that such a high ranking former or current c.e.o. of a company of this size of folks bargain has been charged with any similar charges in that respect it is a surprise on the other side that's what u.s. prosecutors usually do they start with the lowering margin winter call is already the ninth executive. to be charged two executives have been sentenced to prison terms just end of last year and probably they have helped to build the case against marty going to court. to bring us up to date from new york thank you very much tracking that s

martin what are korn is normally at every match of german champions dire new nick but he didn't travel to the champions league game last week in madrid u.s. authorities have issued an arrest warrant for winterkorn for his role in the v.w. diesel emissions fraud. this is the village of munich where martin venter core has been living since he left fox in two thousand and fifteen as v.w. c.e.o. he was the highest paid executive in germany not only has he been indicted in the united states there's also a warrant out for his arrest now under german law however he can't be extradited still he is a risk. in. the u.s. he faces a rest before travelling to other countries he'd have to check carefully whether they could detain him and extradite him to the u.s. or. he's put the world's biggest carmaker back in the headlines car sales are strong despite the diesel emissions scandal p.w. has a large pile of cash despite billions in penalties but the risk is of intercon could drag down again american allegations of systematic deception at the highest level of g.w. have not gone unnoticed by politicians in germany. it's not for me to decide if he's guilty or not that's the job of the courts but it's interestin

prosecutors are doing what germans couldn't they have charged volkswagens former boss martin winterkorn for his part in a diesel get a mission scandal they say that winterkorn conspired to mislead regulators and violate the u.s. clean air act a federal grand jury indicted the former executive as part of a probe into the scandal which has haunted the company for nearly three years. it couldn't have come at a worse time for folks the announcement that it's four months old martin venter cohen was indicted by u.s. authorities it came soon after the shareholders meeting where its new c.e.o. spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. but is still vulnerable the indictment of venta core now has many asking whether the carmaker has done enough to investigate its senior executives according to u.s. authorities in two thousand and fourteen the former c.e.o. was informed v.w. cars produced lower emissions during tests than they did on roads but it is unlikely event of corn will face charge

volkswagen‘s former chief executive, martin winterkorn, has been charged with conspiracy to defraud thee diesel emissions scandal. prosecutors there claim he knew that his company‘s vehicles were cheating in emissions tests. mr winterkorn resigned from vw shortly after the scandal emerged in 2015 twitter has warned its 330 million users to change their passwords. the site said a technical glitch had led to some passwords being stored in plain text on an internal computer system. bill cosby and roman polanski have been expelled from the us academy of motion picture arts and sciences. the academy — which runs the oscars — said this was done in accordance with its standards of conduct. tv star cosby was convicted of sexual assault last month. oscar—winning director polanski admitted statutory rape troops fighting the taliban will be able to stay in the uk for free. more than 150 interpreters who were given five—year residency permits said they faced being sent back to afghanistan when they expire, unless they paid £2,400 for indefinite leave to remain. hawaii has passed a bill banning the

authorities have filed criminal charges against former volkswagen boss martin winterkorn our business desk we'll have that story in just a moment but for now we leave you with a little something which star wars fans are sure to enjoy need the fourth be with you. what does a football loving country to reach its goals. will tell a german soccer made it back to the top. in our web special. dot com. football made in germany. time for an upgrade.

department of justice has issued an arrest warrant for books wagons former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal winterkorn lawyer has said he will respond to quote in due course. voters in lebanon are gearing up for their first problem terry election in almost a decade on sunday there are hopes that it will end prolonged political gridlock and vote postponements of forming a government could take months or longer due in part to the country's complex party system. more than eighty palestinians have been injured amid fresh protests at gaza's border with israel israeli troops fired live any mission and tear gas at the palestinian protesters as they approached the border fence it's now the sixth week of demonstrations held at the border with palestinians demanding the return of lands they fled or were expelled from in present day israel. six smoke billows from burning tires palestinian protesters use the cloud as cover to fling rocks across the israeli border. then met by rounds of

department of justice has issued an arrest warrant for volkswagen's former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal when their corns lawyer has said he will respond quote in due course. voters in lebanon are gearing up for their first problem terry election and almost a decade on sunday there are hopes that it will end prolonged political gridlock and three boat was thrown ments a form of the government could take months or longer due in part to the country's complex party system. united states president donald trump has made a fresh bow to protect gun ownership rights in his country he was speaking at a convention of the national rifle association the most powerful pro-gun lobby in the u.s. trumps comments calm despite his suggestion that he would take on the lobby group after a florida school shooting in february. i. president trump knew he was playing in front of a home crowd as he addressed cheering gun enthusiasts in dallas he called again for arming teachers to head off future

martin winterkorn charged with conspiracy and fraud for emissions cheating organized by the carmaker until the scandal was uncovered in 2015. indictment shows that th decision to cheat went to the top of the company. therter: mtin winterkorn 11th executive to be charged in cheating scandal. it is unlike he will be extradited. folks wagon realized it could aeat tests by installing device. he ordered that they continue the practice and keep selling models of violate regulaons. >> the u.s. attorney's office is committed to pursuing accountability corporate crimes. he says he only learned about the coverup in 2015, shortly before the scandal was revealed. hasotal, folks like and agreed to spend $25 billion u.s. car owners and regulators in the night in states and has agreed to pull back half a million vehicles. next, i day of reckoning for france after staff strikes on pay. employees have been voting on a referendum about whether to accept management's offer of a 2% raise. most unions have rejected it, but the result of the referendum could override that when announced later today. howev

. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the scandal. symbolic. as a german citizen, he's expected to seek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching into the northeast. but as abc's rob marciano explains, the worst of the severe weather is heading out. >> you see it stretching across the hudson and into connecticut. luckily, this is a weakening phase. we will have storms but not as severe as they have been the past couple days. and another day of peak temperatures near 90. that would be the first official heat wave. rob marciano, new york. >>> and anybody debating whether dogs are clever is going to want to take a look at this next video. >> this dog is very good at hide-and-seek, shall we say? >> tasha, where are you? tasha? [ laughter ] >> tasha, tasha

the announcement that the former ceo martin winterkorn was indicted, it came soon after their shareholdersding where the new ceo spoke about regaining confidence. >> volkswagen must become more honest, more open, more truthful , so that we don't make ourselves more vulnerable again. reporter: but volkswagen is still vulnerable. the indictment of winterkorn has many asking whether the carmaker has done enough to investigate its senior executives. according to u.s. authorities, a former ceo was informed vw cars performed lower emissions during tests than they did on roads. but it is unlikely winterkorn will face charges in u.s. courts. germany doesn't extradite its citizens. the former ceo could be implicated in ongoing investigations in his home country. german prosecutors are looking into the involvement of the scene at management in cheating -- that senior management in cheating, and there are -- helena: u.s. unemployment figures are out, and they are good but not quite as good as some had expected. the jobless rate fell to 3.9% in april, the lowest since the year 2000. new jobs were crea

prosecutors have filed charges against former volkswagen chairman and ceo martin winterkorn and fivether executives charged with conspireing to mislead regulators having to do with the allegation that they violated the clean air act as part volkswagen rigging the emissions of diesel vehicles between 2009 and 2015 remember, it was just last year, a former volkswagen executive on trial for these charges, similar charges, was convicted, and is now serving seven years in prison this was a grand jury indictment that was served up in march, unsealed today, and, again, martin winterkorn, former ceo of volkswagen has been charged by u.s. prosecutors as well as five other volkswagen executives with conspireing to mislead regulators, by the way, guys, martin winterkorn stepped down, was fired as ceo of volkswagen a year after, two years ago, and he is in germany, he's not in custody. i'll be interested to see if he ever comes here to the united states extraditing him would be very, very difficult guys, back to you. >> absolutely, phil, and i remember watching the story closely as it unfolded y

. >>> the volkswagen's martin winterkorn has been indicted in detroit.company's plan was to cheat and achieve the highest level. they admit to turning the engines off on the road. winterkorn has been charged with three counts of wire fraud and one of conspireing with other executives to violate the clean air act. >>> 35,000 pounds of ground beef is being recalled by a north carolina processing plant because they may be contaminated with bits of plastic. the meat was sold in indiana and virginia and sold under the packaging label ground beef. consumers are urged to either throw the meat out or return it to the store. >>> and if you're a twitter user, change your password. that is the urging from twitter after recently discovering a bug that stores passwords on an internal log in an unprotected form. twitter claims there's no indication of a breach or that passwords were misused. twitter says you should change that password if you use it elsewhere. anne-marie. >>> diane king hall at the new york stock exchange. thank you so much. >> thank you. >>> still to

means for them i would guess it is rather unlikely that the german government will extradite martin winterkorn, but to a certain degree it is not surprising that this happens because that is usually the way -- start with lower ranks and work your way up, and actually, u.s. authorities have reached the top. helena: to stay with us, jens. we will be coming back to you in a moment. we all know conference calls can sometimes be a little bit awkward, but when sometimes they go disastrously wrong -- here's a cautionary tale. american carmaker tesla continues to burn through more cash than it is running, ceo elon musk has done little to ease investors' fear. instead, during a call with shareholders and he refused to answer analysts' questions, calling them "so dry and so not cool." the tesla share price plunge, the company losing $2 billion in market capitalization in just one phone call. the episode shouldn't put a dent in sales. there are over 450,000 people waiting for a tesla. back over to jens. did you on must -- did elon musk's brash manner backfire on the company? jens: it's it -- it certainly

prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on diesel engines of so-called defeat devices those are illegal software that kept emissions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of balts wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by boats wagon on charges of conspiring to violate the flagship u.s. air quality law the clean air act winterkorn personal legal troubles could have a heavy implications for a volkswagen which is still efficient which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean about executi

prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on diesel engines of so-called defeat devices those are illegal software that kept the missions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of balts wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by both wagon on charges of conspiring to violate the flagship u.s. air quality law the clean air act what your current personal legal troubles could have a heavy implications for a bolt weygand which is still official which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking b.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean abo

prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on b. double use diesel engines of so-called defeat devices those are illegal software that kept emissions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of vaults wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by both wagon on charges of conspiring to violate the flagship us air quality law the clean air act what your current personal legal troubles could have a heavy implications for a bolt way which is still official which they still officially blame the emissions a separation on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come

filed charges against the former ceo, martin winterkorn.most since 2002. the french government warning if airline will disappear it strikes continue. fridaynce's ceo quit after failing to reach a wage agreement with employees. an international flavors and -- forces agreed to buy $7.1 billion. that is your bloomberg business flash. david? david: for those of you who may know have seen it, that was from "avengers: infinity war," number one at the box office for the second week in a row. it has sold over $1 billion in tickets worldwide, which sets up disney's announcement of earnings tomorrow. shaw and paul sweeney. barton, are you with us? >> i am. david: you told me -- they told me you were not here. he has a neutral rating on disney. i start with lucas. i understand it is not this quarter, but it indicates the extent to which these blockbuster movies have become so important. >> one movie that will be is "black panther." disney rules the box office on most every month. thany has more grosses warner bros., paramount, and one other company at

has charged martin winterkorn with conspiracy over -- d soel the michelin emissions scandal. they admitted they outfitted cars worldwide with a device to test.laboratory emissions he is the highest-ranking employee to face charges. inflation could give the ecb another reason to put off a decision on ending its bond buying program. consumer growth weakened to 1.2% last month and the rate was the lowest in more than a year. a statistical blip would usually be ignored but combined with risks like as trade protectionism could damage confidence. argentine has tumbled to a new record low after interest rates failed. a recent downward drift is accelerating to a selloff as concern grows disjointed policies allowing for excess government spending. investors thought the president election would be a turning point. global news 24 hours a day powered by more than 2700 in 120 countries. i am courtney collins. this is bloomberg. all right, thanks. as the world waits to see what comes out of trade talks between the u.s. and china, the word from washington is they have been positive. our edi

martin winterkorn is now the highest ranking former v.w. official accused of a crime in the emissions scandal in the us going to corn the former chief executive officer of the w. was accused of four counts of federal crimes in the united states one of conspiring to cheat the u.s. emissions system and three counts of wire fraud that he's using e-mail in order to achieve that he faces the big ten years in prison but he could avoid prosecution entirely simply by remaining in germany that is because germany does not extradite for crimes outside of the european union so he could simply remain in germany and that is what five lower ranking officials did when they were indicted they remain in germany indicted by the u.s. but eluding prosecution two officials who did plead guilty in the united states from v.w. are facing hefty prison terms one of seven years one of three years the u.s. attorney general jeff sessions says this shows that the emissions cheating scandal in the u.s. occurred at the highest levels of the w. and he says it will be prosec

a federal grand jury indictment unsealed in detroit says ceo martin winterkorn knew in 2014 that his company's cars contained software that lowere carbon dioxide emissions under testing conditions, even though the cars' emissions rose dramatically under real-world conditions. volkswagen has admitted to rigging some 11 million vehicles worldwide. the auto maker has already paid $26 billion in fines and civil damages, and faces a $10 billion lawsuit by shareholders. in arizona, tens of thousands of publicchl employees have ended a week-long strike after republican governor doug ducey signed a budget bill that will grant teachers and school staffers a 20% raise by 2020. the bill will also raise spending on education by another $138 million. the teachers had beedending the restoration of $1 billion in funding cuts to arizona's public schools since the 2008 recession. "the new york times" reports teacher pay in arizona is so low that administrators have in recent years recruited teachers from the philippines to work in public schools under the u.s. j-1 visa program. the winner of the nati

the former boss of volkswagen, martin winterkorn, has been charged by us prosecutors in detroit overerson to be hit with us criminal charges connected to the scandal. a bounce back for car sales. after months of falling sales the industry has finally reported a rise in new car registrations of 10% in april. however, that should be put in context. it is 10% up on last april when sales saw a massive 20% collapse in sales on the introduction of new tax rules. let's look at those new car sales numbers in a bit more detail. there was a strong 10% recovery in the single month of april compared with april last year. but car sales have been struggling for around a year now and taken together over the 12 month period they have fallen almost 9%. added to that are two distinct trends — the continuing rise in a alternately fueled cars — up about 50% over the whole year and the steady decline of diesel. i'm joined now by the smmt‘s emma butcher. emma, april is always a bit of an odd month, the start of the new financial year with new taxes. just explain what happened ? financial year with new tax

martin winterkorn is being charged by the u.s.missions scandal, the cheating scandal. these sales in the united states -- they suppressed the levels of emissions of so-called clean diesel vehicles. huge questions was whether or not the execs were to face charges, and it seems they will. this is bloomberg. ♪ >> 30 minutes dedicated to fixed income, this is bloomberg "real yield." retail.

. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the stroke volkswagen scandalek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching into the northeast. but as abc's rob marciano explains, the worst of the severe weather is heading out. >> you see it stretching across the hudson and into connecticut. luckily, this is a weakening phase. we will have storms but not as severe as they have been the past couple days. and another day of peak temperatures near 90. that would be the first official heat wave. rob marciano, new york. >>> and anybody debating whether dogs are clever is going to want to take a look at this next video. >> this dog is very good at hide-and-seek, shall we say? >> tasha, where are you? tasha? [ laughter ] >> tasha, tasha, where are you, tasha? tasha. >> wait for it. >> t

has filed charges against vw's former ceo, martin winterkorn.any, i agreed to purchase frutarom for $7.1 billion in stock. china is trying to put a positive spin on trade talks with the u.s. negotiations continue, but it conceded that the government's position did not make unreasonable demands. according to one report, china is now studying ways to lower import tariffs on some products. the u.s. has threatened to propose tariffs on $350 billion of chinese goods. that is your bloomberg business flash. nejra, tom? tom: taylor, thank you so much. let me show you a chart right now, folks, which will get your attention. this is the bloomberg dollar index, which is really good math, and it is a trick chart. i have it off to the right to what we have is a weak dollar policy. this is where we were three months ago, and that if you just drag the chart over, there is the surge in the dollar. one of the great thinkers on his denmark, jens nordvig, and also on the strong dollar. is it a strong dollar reality? will we get used to this? well, we certainly hav

"wall street journal" reports volkswagen's ceo martin winterkorn has been indicted in the emissions probee faces possible jail time. last year the company agreed to pay more than $4 billion to settle criminal charges. >>> the "miami herald" reports a police officer was relieved from duty after he was caught on video kicking a man handcuffed on the ground in the head. that's mario figueroa giving the suspect a running kick yesterday. the video was posted on facebook and widely circulated. the officer was immediately suspended. an investigation is now under way. >>> t"the kansas city star" say missouri lawmakers agree to call a special session to consider agr greit greiten's agreement. >> george h.w. bush says he is eager for the doctor's okay to leave. yesterday the 93-year-old former president tweeted that everyone at the hospital is so nice, but the second i get the green light, i'm out of here. mr. bush was admitted to the hospital on april 22nd, suffering from an infection that spread to his bloodstream. it was a day after he attended his wife's funeral. that's a very good sign he can

martin winterkorn is unlikely to face charges because of the extradition situation.t's still an astonishing fall from grace, isn't it? it is. this is what we know so far. we know that volkswagen has admitted systematically deceiving consumers and covering things up. if there is any way in which these allegations can be substantiated, that takes it even further. thank you. let's take a look at some of the other stories making the news. twitter has warned its 330 million users to change their passwords after a glitch exposed some in plain text on its internal network. the social network said an internal investigation had found no indication passwords were stolen or misused by insiders. british airways owner iag has posted a big jump in operating profiits for the first quarter of 2018 thanks in part to strong demand over easter. underlying earnings were $335 million, up from $192 million last year. revenue climbed 2.1% to $6 billion. banking giant hsbc says pre—tax profit dipped 4% to $4.76 billion in the first three months of the year, adding that it would buy back $2