matthias muller is taking the top job at volkswagen.e will have to clean up the mess left by the worldwide emissions scandal. years of corruption allegations have finally caught up with sepp blatter. swiss prosecutors have opened criminal proceedings against the fee for president for mismanagement and misappropriation. that is your "dw news" at this hour. i'm sarah harman in berlin. thanks for watching. see you again in 30 minutes. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] 8úxúÑ÷p÷999Ñówçç >> 9:00 p.m. in the french capital. i'm tom bergeron watson. these of the top stories. the was authorities begin proceedings against the fifa as adent sepp blatter probe into the corruption in football. productive -- that is how president obama describes talks with chinese president xi jinping. strictesting thef standards following revelations of cheating

matthias muller is taking the top job at volkswagen.e will have to clean up the mess left by the worldwide emissions scandal. years of corruption allegations have finally caught up with sepp blatter. swiss prosecutors have opened criminal proceedings against the fee for president for mismanagement and misappropriation. that is your "dw news" at this hour. i'm sarah harman in berlin. thanks for watching. see you again in 30 minutes. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> this program is brought to you in part by c-i-e tours international; for over 80 years featuring all inclusive tours and go as you please value vacations throughout ireland and britain, cietours.com. ♪ ♪ >> patricia: hello and welcome. i'm patricia o'reilly and i'm delighted you could join us for another edition of "out of ireland," your weekly half hour

pimm: we will have to see if indeed matthias muller is going to be ceo -- none of thet: porsche cars ith this kind of diesel engine, so he did not have the issue. journal"e wall street mullerng that matthias -- a reminder that bloomberg will have live coverage of janet yellen from massachusetts. the speech is titled "inflation dynamics and monetary policy." we will bring it to you live. ♪ ramy: welcome back to the bloomberg market day. in new york.encio we are at the session lows for the third straight session. investors waiting to see what fitch or janet yellen has to say during a speech at 5:00 p.m. that bloomberg will be carrying. many investors are nervous that rate hikes could happen before the end of the year so they are in watch and wait mode. joining me for options inside, our guest from kkm financials. x, the volatility is the highest since september 9. how do you feel about that? are seeing, you basically a shift now. we are now back below the deployment when you look at the spx of 1944. closing below that 1930 level. i think you are seeing the vix elevated as we are at a cr

the company will name matthias muller, the head of the porsche sports car brand and new chief executivers old. the volkswagen advisory board meets today. expected to announce the change officially then. they're expected to demand resignations from several top engineers. shares of v. w are on the rise since the ceo announced his resignation. they are looking better after being crushed monday and tuesday. nicole: absolutely. a new poll says hillary clinton trails bernie sanders in new hampshire. according to the cnn/wmur poll, sanders gets 41%. look at that! hillary clinton 30% and followed by vice president joe biden who has nod decided whether to run. he has got 14%. many presidential candidates including marco rubio, ted cruz, ben carson, bernie sanders took time from the campaign to attend the pope's speech to congress yesterday. jeb bush was on "special report" talking about one of the topics of the speech. that was climate change. >> the pope is a religious leader. he is not a political figure. he never said he is political figure. look the climate is changing and it's a creation of

. >> pelley: today, volkswagen introduced its new c.e.o., matthias muller, the former head of porschekes the wheel after v.w. admitted rigging 11 million cars to cheat on emissions tests. here's transportation correspondent kris van cleave. >> we're angry. >> reporter: scott bahr and wife suja thomas bought this 2015 diesel volkswagen golf because it was billed as echo friendly, but the e.p.a. now says that's not case. >> i felt ill. it's really made us feel very bad about what ourselves are now doing to the environment. >> reporter: bahr is one of a growing number of consumers suing volkswagen for using software to cheat emissions tests. today, the e.p.a. notified carmakers it's beginning additional testing of all diesel vehicles under more real-world conditions. previously emissions tests were conducted in a lab. when other car makers say we don't use defeat devices do you believe them? >> i think trust but verify would be the way to go. >> reporter: drew kodjak sponsored the organization. is clean diesel just a myth? >> no, clean diesel is not a myth. it is absolutely possible with

vw tapping porsche's matthias muller to be the new ceo.ut what's been happening to pa laid yum. we don't just randomly bring these two things together. we talk about palladium because it's tied to the story because it's used in gasoline engine cat latic converters. it's up 9%. it's on the optimism more people who were thinking going diesel will go to gas. platinum is down 3% because that's the metal used no catalytic converters for diesel converters. stillwater mining mine platinum and palladium. the palladium story is winning up more than 12% since that emissions scandal broke last week. >>> time for "street talk" on "power lunch." five analyst recommendations that you need to know about. at least we think you do. first stock, intel. jmp securities upgrading it to a neutral. melissa, normally i hate neutrals. >> why? >> well, it's just like neither here nor there. admit to something. it's a widely owned stock, had a lot of problems. maybe it's the beginning of something more positive. jmp notes industry checks suggest intel pros jekts ape

at that meeting this gentleman, matthias muller is expected to be the named the new ceo of volkswagen. he comes with a long track record at volkswagen. he's been in charge of the porsche division since 2010. they've had record profits, record profit margins in term of profit margin per vehicle and he's been with the company 31 years. also has strong support not only with the board but with the labor unions and that's a big component of the ownership stake within that company. one other note, when you look at the impact of this scandal and what it's doing to business at vw dealerships, new information within the last hour, true car estimates that vw september u.s. sales fell 5.2%, but here is what's really startling. vw is the only major brand according to true car that saw sales drop in the month of september. take a look at shares of volkswagen. we should also point out true car is saying september sales for the industry expected to come in at a pace of 17.7 million, very strong month with the exception of volkswagen where true car says sales were down. >> do you think people who are

matthias muller is considered to be the favorite to be the next ceo but also you can't count out ruperte ceo of audi. audi sales have been growing incredibly fast over the last couple years. his success there is getting a lot of attention. and one last name and i have talked with a couple people within the last hour who have said look at this guy. herbert diess. he came over from bmw within the last year. he's new to the company. he would fill the role of being an outsider yet familiar with volkswagen. so keep an eye on those three. we should hear from the board of directors by friday on who the new ceo is. take a look at shares of volkswagen versus toyota over the last year. wow, look at that drop at the very end. these shares have been hammered over the last week and that's why you see volkswagen down 36% in the last year. brian? >> phil, i got a question for you actually. defending who they choose as ceo, can we read the tea leaves and try to figure out if vw might actually be an acquisition target of some sort? >> not based on who they choose for ceo. and melissa, i know they've los

volkswagen set to name matthias muller as the new ceo. muller serves as chief of porsche.e will have to navigate the fallout from the crisis which wiped out nearly a third of volkswagen's market value. >>> fed chair janet yellen, talking about this a few moments ago, making a case for rate increase this year. she made comments but they were overshadowed after she struggled to finish the speech. she received. scheduled as plan. people want to see the pope, maria? iphone 6s and plus hitting store shelves today. lines already forming around the world and here in new york. people are braving rough weather. in australia by the way to get their hand on newest devices, maria. analysts expect 13 million phones to be sold over weekend. ton of new features on the thing someone will have to explain to me at some point. back to you. maria: like the camera. thanks so much, cheryl. coming up president obama and vice president biden not faring well in recent poll. we have poll numbers. back in a moment as we navigate rallying markets stay with us. maria: good morning. happy friday. welco