renault nissan plans to put its first batch of self driving cars out later this year. a congresswoman is fighting to have female world war two pilots ashes lay to rest at arlington national cemetery yesterday arizona republican martha met sally. while the legislation for women airforce service pilots or wasps. congress granted veteran status in nineteen seventy seven and the women were allowed to have their ashes placed in arlington but last year the secretary of the army rescinded their eligibility. well you are not a fan of the cooler temperatures we do have some warmer air that will be heading our way especially as temperatures back into the sixties will talk about all of it coming up with a seven day forecast right now we've got temperatures in the forties and fifties were forty seven right now an orphan for joining us from chesapeake here in the low fifties fifty two also fifty one a hiking with the fifty four right now in williamsburg the high temperature in norfolk at the airport was fifty one degrees so yesterday our high was forty six were going to continue to

. >> reporter: i am joined by the chairman and ceo of renauflt nissc -- renault-nissan.bout the q60. >> it's our new coupe. it will come with a v6 three cylinder twin turbo. up to 400 horsepower. everything we know is in this car. >> reporter: starts this summer. infinity had a fantastic year last year. where is that demand coming from luxury. your taking it from other brands. >> the market is growing. the growth of the market has been strong in the u.s., has been strong also in china even though they have been up and down. there's demand for a premium car and it's gaining market share. so there's a kind of double digit growth. >> reporter: that brings up the question what happens with incentives and there's a lot of concerns that are out there that we're starting to see automakers say i need to get share because the market won't grow as much as it has in the past. are you worried we're starting to see incentive wars bubbling up? >> i don't think there's anything extraordinary taking place. we know this market. we've been in this market for a long time. i don't think we'

francine: nissan and renault shares announced it was recalling -- shares are down after it announcedl. renault is planning to recall several thousand vehicles. the company has lost 3 billion raud investigators search three sites in france. the ceo joins us. we have not heard such great news out of your company. should investors believe? you have not cheated categorically. one, butd it since day people are prudent because there have been precedents with other companies. we understand that. except that we need to establish the facts because investors decide on facts. we said from the beginning, no cheating. beinge norms are respected. there is an area that is not regulated, which is the real driving emission. and we are opening there will be a position from the european commission on that. so at the end of the day, we limit this confusion, are you in the norm, or in this area which is not normalized? all our cars follow these -- and cheating is a completely different issue. i understand investors' preoccupation with maybe there is that. we said no. francine: but you started an internal

we know from nissan renault that they do not do any sort of devices, have not installed any software.he stock has reacted, down almost 20%. we are looking for more information at this point. >> the report is from the union. we have not heard from renault. that seems strange. hans: unions sometimes -- and they know quite a bit because they have quite a bit more independent authority than the company. it is not analogous saying citing the united auto worker saying what is happening at ford. the question is, how many locations have been rated and why have these locations been rated -- raided. do withthey have to emissions standards and software and that is waiting is is is coming from but we have not heard from the french prosecutor or the french environmental and regulatory authority and/or the company itself. let's say the scandal has been going on about diesel for four months, there has been a lot of talk from analysts and independent best independent environment for groups that all auto companies are not entirely accurate on their statement emissions first what you actually get on th

mornings with maria" headed to davos for the economic foreman, we're joined by steve swartzman and nissan renaultkevin spacey will be joining. you do not want to miss that. please tune in. "varney & company" is next, ashley webster is in for stuart varney this morning. good morning. ashley: i am indeed. stu is out all week and here is the story. there isn't it. the markets are waking up from a three-day weekend, a much-needed breather with a vengeance. triple digit stock rally even though the news out of china isn't exactly great. oil is up as well, breaking above the $30 level earlier. right now at 29.52. we'll get into oil as well. linda tripp, remember her? a thorn in bill clinton's side. and her claim once again, bill had affairs with thousands of women while in the white house. and remember cnbc's failure of a debate, more fallout from it even months later. oh, yeah, we're not above a little bragging here on "varney

. >> it's interesting, when you look at the core, we had on sorenson, and carlos ghosn from nissan renaultr if the pendulum swings too far. if the market is seeing is right this moment after $2 trillion in wealth was wiped out in two and a half weeks? >> we have a very clear bifurcation right now. the chinese economy is slowing down and there are going to be consequences for that. it's going to hit commodity producing canada, brazil harder than the u.s. economy. we have a domestic economy that has more, i wouldn't call it strength, but fundamental underlying momentum or inertia which i think can help us weather this storm. we do benefit and americans do benefit from lower gasoline prices, so, i don't think this sends the u.s. economy back into the tank, but we can't forget, china is the world's second largest economy, there are going to be consequences from that when it goes through like it does. maria: it's a good point. don't forget about balance sheets and where they are now. and if we were to see a pickup in business, consumer balance sheets the best in some time. you're coming back at

the ceo of the largest hotel company, marriott in the midst of acquiring starwood to the ceo of nissan renaultwell, too stock strategist. i keep hearing the same thing that the world is coming to an end and it is just not that kind of doomsday scenario. of course we have seen a slowdown in china, but why the market is so focused on the happenings of china so much to this extent that we lost $2 trillion in market value in 2016 seems a mystery to me. most people did miss the story of 2015. they did miss that the economy was a lot weaker than people thought. but i don't think that it is as bad as the markets are indicating. that is what i'm hearing from most of my guests here. >> they want to hang out in way. i want to ask you about the issue of iran. the country now awash in cash after we gave them a bunch of money. they are really excited about the prospects of getting the money, buying products and doing infrastructure products in iran. what are folks talking about in europe? maria: for sure, heather. people are looking at iran as an opportunity from the corporate level. when i spoke with trea

renault has confirmed they are cooperating into an inquiry on emissions. nissans their premises have not been searched. automakers have been under increased scrutiny since the dw scandal broke. chrysler shares were suspended from trading and tanked after the american unit was sued for falsifying sales. i spoke to our auto reporter about the details and implications. >> this has to do with sales reporting. what the lawsuit alleges, it is filed by a dealership alleging chrysler has been offering some leslers money to falsify sa reports. there is typically a sales target the dealership has to hit. what this is alleging is there was extra incentive given for dealers to boost their numbers, essentially. this suit is alleging damages. a case in which they were cheated. chrysler is dismissing the suit. is this unusual for the auto industry? 69 monthrysler has a street. they have had a significant amount of momentum. a lot of been skepticism about how they have achieved this. unfortunately, this is not something uncommon for the industry. vanity.l about you have seen com

the largest hotel company, marriott, which is in the midst of acquiring starwood to the ceo of nissan renault i keep hearing the same things, that these markets are trading as if the world is coming to an end, and it's just not that kind of doomsday scenario. now, of course, we've seen a real slowdown in china but why the market is so focused on the happenings of china, so much, to this extent that we lost $2 trillion in market value in 2016, seems a mystery to me. i think most people did miss the macro story of 2016. think did miss that the economy was a lot weaker than people thought. but i don't think that it is as bad as these markets are indicating. and i think that's what i'm hearing from most of my guests here. >> they want to hang out and wait. i want to ask you about the issue of iran, and you know, that country now awash in cash after we gave them a bunch of money. >> and oil. >> so i've heard that a lot of european companies are really excited about the prospects of getting that money, buying products, and doing infrastructure projects in iran. what are folks talking about in europ