that this is not siemens, and that is not what this stands for.aeser made the statement days after taking over as chief executive, after his predecessor was removed. it said a lot about his appeal as a leader, providing clarity during confusion, and stability in unrest. he spent the last four years trying to simplify the complex structure of the company. you have overhauled siemens. are you pretty happy with the structure now? >> i am happy, i am happy with what i see in terms of how our people get into it, how they take ownership in what they do. responsibility, my job which i own. it takes a lot of confidence. francine: do you think investors ever get confused, because you are such a big group? >> they only get confused if i try to explain it in to much detail. then i always know i better shut up, because i got to deep. don't confuse them with the details, just tell them the way they wanted to be. francine: so what exactly drives you? >> at the end of the day, business is there for society. business which does not create benefits for society sho

what will siemens look like in 170 years? how much do you have to innovate, and how much you have -- do you have to stay close to your roots? joe in the next 170 years, the change will be about 170 times likely to accelerate products and solutions and will likely become more intangible. there will be much more integration, more bits and pieces and products together with platforms and solutions. so i hope the world will have become a much, much better world than today. francine: few companies have gone through as many technological and industrial revolutions as siemens, but rather than just survive then, it has helped lead them, with the advent of electricity to jet engines to -- to jet wireless communications. now siemens is investing billions in making sure its future of digital. from giant gas turbines in asia that use artificial intelligence to reduce emissions, to train carriages in the u.s. that harness big data to find problems before they occur. are you concerned or worried about the pace of change? if you look at the

what will siemens look like in 170 years? how much do you have to innovate, and how much do you have to stay close to your roots? joe: in the next 170 years, the change will be about 170 times likely to accelerate products and solutions and will likely become more intangible. there will be much more integration, more bits and pieces and products together with platforms and solutions. so i hope the world will have become a much, much better world than today. francine: few companies have gone through as many technological and industrial revolutions as siemens, but rather than just survive then, it has helped lead them, with the advent of electricity to jet engines to wireless communications. now siemens is investing billions in making sure its future of digital. from giant gas turbines in asia that use artificial intelligence to reduce emissions, to train carriages in the u.s. that harness big data to find problems before they occur. are you concerned or worried about the pace of change? if you look at the last 10 years, innova

can you tell bus that first day started at siemens? intoremember i was coming siemens. i said oh my god. appreciationsd for everything. anymore.now nothing i got the experience. >> do you remember going into it. you think? >> there was opportunities. i was interviewing at different places. time.siemens at that it was still including semiconductor business. >> how has the country changed? >> it's like day and night. it was about production and efficiency.cost there was focus company. markets andabout customers. inside and out. rather than outside in. lot as changed. favorite days?r team comes up great, that's the day. thing that cant happen to you. people are happy and they to getate what they do the reward. >> how do you measure success? ways to are several measure success. you promise something and you make good on what you said you will do. that's accountability. floor.the ground the icing on the cake about success is what people talk to you. about you to different people. what really's matters. orther you make the numbers or bad.will be good after generation, people

let me share a little bit of what we've done as siemens and the siemens foundation, so we can hope that states can learn from each other, and we can do more than just share the demand signal and what skills are needed. we can share what's worked successfully over seas as well. we're working with the nga, because we find that is the best way to proliferate best practices. we've chosen six states that we're already working with to are able to deal with skills and training. we're working with 12 states on apprentice registrations and how we can make that happen quicker and more efficiently. we had the opportunity to share what works over in europe. we had the opportunity to join governors. you got an opportunity with your staffs to see what works in germany and switzerland firsthand more importantly, how can we taylor that when that comes back to the states. i don't want to forget governor hickenlooperer. what you're doing in colorado is amazing, and we want to take those lessons as well. today we're facing some challenges. here we've been in the u.s. for 160 years and we've had to reinven

forrter: robinson works siemens. at the and that he will have a salary of at least $50,000 and skills crucial for the economy. >> if we do not have a labor force that can fill that work, technology, foreign companies outsourcing are going to replace the opportunity to earn your living in those occupations. reporter: taking a page from successful apprentice programs in europe, siemens has similar training at three more u.s. factories. ms. marks: it is an investment. reporter: benefiting the company and the economy. nbc news, charlotte. ms. marks: thank you. >> thank you.e -- very impressive. thank you for your commitment to this work. i would like to introduce zoe and under her leadership, reallyndation has focused considerably on this exact issue, and i know she has partnered with governor hickenlooper and other governors here in public-private partnerships to create privateul public partnerships. before that she had a successful career as a lawyer and in governor. a lawyer and in government. she is a friend. i think

joining me, chief executive officer of siemens joe kaeser.ch for speaking to bloomberg.

joining me, chief executive officer of siemens joe kaeser.

siemens truly powers modern life, making everything from turbines and cameras to ovens and factories.ng me, chief executive officer joe

joining me, chief executive officer of siemens joe kaeser. thank you so

he was a young business graduate when he joined siemens in 1980, moving up the ranks and around the worldpany described by angela merkel as a flagship of the german economy. siemens truly powers modern life, making everything from turbines and health scanners to ovens and factories. joining me, chief executive

siemens truly powers modern life, making everything from turbines and cameras to ovens and factories. me, chief executive officer joe kaeser.

the second day of their session, that evening session was the hardest i have had against siemens.t of credit has to go to england and the way they bowled. if you compare was on day one and a two there was not many freebies from them and that palin says people truly well and that is why they put is under so much pressure. what england would like after this is the next test match coming up injust a number of days, and that is exactly what is happening, too— one of they had to 0ld happening, too— one of they had to old trafford. ...and this evening england named their squad for the old trafford test — just the one change with stephen finn replacing the injured mark wood. the three debutants all retain their places in the 13. los angeles have confirmed that a deal has been agreed to host the 2028 olympics and paralympics. they were also in the running for the 2024 games with paris and that was their first choice but the french capital will now stage those. both games will be ratified by the ioc in september without the need for a vote it will be the third time that la and paris have h

. >>> stocks to watch, siemens setting up a task force to investigate reports that its turbines had beenelivered to crimea for use in russian-built power plants reuters reporting three separate sources had knowledge of the delivery shares of siemens are down about a quarter percent. >>> tesla is building the world's largest lithium-ion battery in southern australia, this is part of a bid to solve an energy crisis that led to ongoing blackouts across the region tesla stock slipping yesterday with the market value falling behind general motors and ford shares are up 2% after it did hit bear market territory yesterday. >>> mondelez saying haven't sret cyberattack will cut into its growth there will be a 3% slice off its revenue growth rate for the quarter. a cyberattack in late june impacted that company's ability to ship and invoice during the last four days of the second quarter. multiple companies around the world have reported being attacked on the same day a number of them, maersk, fedex are saying it's too early to tell the financial impact. >>> qualcomm is asking u.s. trade regulator

. >> german engineering conglomerate siemens says it has set up a task force to investigate why -- russiannexed crimea from ukraine in 2014 and the reason is subject to european union sections, preventing eu firms from providing crimea with energy technology. now for some pricey fruit, high integrates has set record prices -- high grapes have set record prices. ruby roman grapes, it took 14 years to develop this variety. producers plan to ship about 26,000 bunches of the great before the season ends -- grapes before the season ends in late september. >> to german politics, 11 more weeks to go before people here in germany go to the polls. it is time to catch up with the latest leg of our election vote trip. we are taking a look at the big election issues ahead of september's vote. they are on a road trip visiting cities and towns across the country. this week they have been to the western city of cologne to find out how islam is changing the country. cologne situated in the state of north wind risk failure --north rhine-westphalia which is home to germany 3 million muslim. >>>> he says it

again, i want to thank nga and the merkel foundation and siemens and j. morgan chase to this eye opening experience to me. >> thank you governor. i'm going to give the last word to governor bullock. >> very much appreciate your all's commitment, from my perspective as governor that's how we're going to meet work force stoert image needs. we've race raised the number of apprenticeship program in the last four years. i followed from 2000 to today, 90% of those are still working in our state which is so important for every parent. average salary of a graduate is about $60,000 which is significant. i think we need to educate goegt the employers, government institutions and the students. at the end of the day, so many people think of apprentices as the trade. there's 1,000 different apprentice fields. we have them in februaphlebotom it. last legislative session said if you higher a apprentice we'll pay you 700 tax credit, if it's a veteran, we'll pay 1500. i had to work a lot with my two year colleges to say rethink their role. it isn't always about a two year

now siemens is suing. the debacle shows a significant breakdown in trust for industrial relations between germany and russia. >> these gas turbines can produce electricity. four of them were ordered by a subsidiary of a russian state owned company. they are allegedly destined for a power plant in russia. that is not where they were headed. >> they say they have received information from reliable sources for at least two of the four gas turbines -- they have been sent to crimea against their will. this procedure was a clear breach of contracts. >> they say they were lied to by their russian business partners. it is now pressing criminal charges against them. not everyone was to let them off the hook. there was critic -- prism of the turbine deal even before it took place. now there is a lack of trust on both sides. >> russia could have seriously damaged its prospects for attracting investments because breach of contract affect credibility, i think it is good to have consequences for the national business op

siemen say they were locally modified.his is news and france hopping a wood of the most watched sports events in the world, the tour de france and one of their main ways -- this is news and france is hopping a one of the most watched sports events in the world, the tour reference to what of their main ways -- in the tour de france. >> every so often, that tranquility is disturbed by the tour de france. ahead of it is a convoy that throws out food and trinkets to the dedicated fans that line the roadsides. they call it the publicity caravan. 170 vehicles take part in the procession. brandsr half an hour, 35 throw goodies into the crowd. aso group to organizes the tour, the commercial benefits of the caravan are obvious. >> it is the biggest direct marketing operation and the world. samples are handed out directly and we reach the customer straightaway and we have the audience. hundreds of people stand by the road so it is impressive. >> would've the most successful is a french breakthrough parent holes -- will rebrand is th

the team at cardiff worked with engineers from siemens in germany and the us to create the 3d images.t exciting development in my personal research career of 22 years in mri. it's similar to being handed a hubble telescope when you have only had binoculars. in other words, we can look in far more details than ever before. we can get measures that for the first time will help us address what i call the missing link between structure and function. sian rowlands is one of the research volunteers in cardiff. she has multiple sclerosis, which causes neurological damage. the relapses, attack of symptoms, can come on suddenly. it's devastating, it really is scary. you can go from being absolutely normal one day to not being able to walk or move, in a wheelchair and having to go through a recovery process that can take anywhere from three months to a year. one of the areas of damage we can see here... this is a conventional scan image showing a lesion, an area of damage in sian's brain. just to contrast with that... but the new scan reveals another level of detail, including the density of th

the team at cardiff worked with engineers from siemens in germany and the u. s.. create the three d. images we go up you can actually see this as being the most exciting development in my personal research committee of twenty two years and i'm alright. it similar to being handed there hubble telescope when you've only had binoculars. in other words we can looking far more detailed than ever before. and we can get messages that for the very first time will allow us to address what i've called the missing link between structure and function. sean rowlands is one of the research volunteers in cardiff. she has multiple sclerosis which causes neurological damage. relapse isometric of symptoms can come on suddenly it stops a semi. okay we go from the. the normal wednesday to be noticeable. so. in a wheelchair. and having to go through. the recovery process that can take anywhere from three months to two years. one of the irises. damage we can see here. this is a conventional scion image showing a lesion an area of damage in sean's brain. and just the contrast without th

the team at cardiff worked with engineers from siemens in germany and the us to create the 3d images. the most exciting development in my personal research career of 22 years in mri. it's similar to being handed a hubble telescope when you have only had binoculars. in other words, we can look in far more details than ever before. we can get measures that for the first time will help us address what i call the missing link between structure and function. sian rowlands is one of the research volunteers in cardiff. she has multiple sclerosis, which causes neurological damage. the relapses, attack of symptoms, can come on suddenly. it's devastating, it really is scary. you can go from being absolutely normal one day to not being able to walk or move, in a wheelchair and having to go through a recovery process that can take anywhere from three months to a year. one of the areas of damage we can see here... this is a conventional scan image showing a lesion, an area of damage in sian's brain. just to contrast with that... but the new scan reveals another level of detail, including the densi

because in viet there with that report next to german engineering firm siemens is trying to distance itself from a crimean sanctions scandal. on friday the company halted deliveries. should the state control customize the group says it now has hard evidence for gas turbines it supplied for project in southern russia. were moved illegally to crimea simmons says it hasn't found prove it violated any sanctions because the turbines were moved against their well. next audi says it will be recalling up to eight hundred and fifty thousand diesel vehicles they will be fitted with new software to improve their missions for months. the german automaker says it believes the voluntary retrofitting program will counteract possible bands on vehicles with diesel engines. earlier this week daimler announced it would be cool three eight million mercedes benz cars with diesel engines in europe. to improve emission performance. next french banks decision hall has pledged one th of one thousand jobs in paris post break says i now bank of america has announced its picking at dublin as its base for europe

the team at cardiff worked with engineers from siemens in germany and the us to create the 3—d imagesn my career in mri. it's similarto exciting development in my career in mri. it's similar to being handed a hubble telescope when you have only had binoculars. we can look in far more details than ever before. we can get measures that for the first time will help us address what i call the missing link between structure and function. this woman is one of the research volunteers. she has multiple sclerosis which causes neurological damage will stop rela pses causes neurological damage will stop relapses and attack of symptoms can come on suddenly. it's scary. you can go from being absolutely normal one day to not being able to walk or move, being in a wheelchair and having to go through a recovery process that can take anywhere from three months to a year. one of the areas of damage we can see here. this is a conventional scan image showing a lesion, an area of damage in her brain. just a contrast with that... but the new scan reveals another level of detail, including the density of th

we have worked with companies like siemens and case studies we have done together shows drastic reductionsit takes for workers to learn activities that may have taken four 01’ activities that may have taken four or five hours to learn in the past can be done in less than 40 minutes. so you know that? we have a study that we published with multiple workers specifically in the context ofa workers specifically in the context of a power plan. other companies and universities like iowa state have published independent research that shows that workers can learn faster, retain more and reduce the time it ta kes to retain more and reduce the time it takes to learn by over 90% and... 90%? that's right. and have a significant impact on the way that workers can move throughout their career. it's a very competitive market place isn't it. you have google and other big tech firms launching all of their own brands. won't you get swallowed up? it's a competitive space. we see augmented reality is not a one—size—fits—all application. a loft what we do, whether in a helmet or in your glasses, is about helpi

the exxon posting europe and examples of either a forced and nice including australia canada new siemens and and a couple of other countries where trans people are welcome in the military and bear. no cost of medical anoint recent medical costs have been cited for its and. technology issues being reported entrance people being part. of the force that lies. you wanna vanderhoof intel thank you very much for speaking to us here in france twenty four the bele. cool workers to embark on a two day general strike. it's their latest effort in a bid to pressure majuro. into abandoning weekend elections for a super conquest they say it will undermine the country's democracy. we're seeing them all images from caracas very recent machines off protest as. closely as you can see that with police sean gaffney tells us more. the streets of caracas a quieter than usual. as many venezuelans stay home in support of two days of strike action. makeshift roadblocks of been constructed from string and tape. by locals angry at president maduro's plans to form a new assembly and rewrite the call. shin. the band

the team at cardiff worked with engineers from siemens in germany and the us to create the 3d images.r of 22 years in mri. it's similar to being handed a hubble telescope when you have only had binoculars. in other words, we can look in far more details than ever before. we can get measures that for the first time will help us address what i call the missing link between structure and function. sian rowlands is one of the research volunteers in cardiff. she has multiple sclerosis, which causes neurological damage. the relapses, attack of symptoms, can come on suddenly. it's devastating, it really is scary. you can go from being absolutely normal one day to not being able to walk or move, in a wheelchair and having to go through a recovery process that can take anywhere from three months to a year. one of the areas of damage we can see here... this is a conventional scan image showing a lesion, an area of damage in sian‘s brain. just to contrast with that... but the new scan reveals another level of detail, including the density of the brain's wiring, which scientists have colour—coded

a lot of them are bellwethers for the economy, berkshire, siemens, ing, pfizer. haidi: of course.ng about apple, that is the big one we are focusing on as well as berkshire. what is the expectations? numbers,dition to the the numbers as always on the launch of the iphone 8, and there are not many rivals. let's go into the video if we can. netflix and facebook have been surging. we look at the bank stocks on the numbers they delivered, you have to crash them because google have been floundering -- google and amazon have been floundering. how they say they are doing were approaching iphones will or iphone 8, very important. going into the earnings, apple has reported they will expand in australia. they are looking at investments in solar and wind energy, the project there. that is interesting. we don't know if they will be bringing that up as well. and we will be getting the latest statistics from other data. how will that affect the market? .u: that will be a big number expansion is expected, 180,000 jobs. the jobless rate could be at a 16 year low, then in terms of other numbers,

deutsche bank, siemens, volkswagen.iggest companies, german companies in the world have a huge presence in turkey. germans for a long time made of the biggest tourist block in turkey. and turks are one of germany's biggest ethnic minorities. the ties are complex and deep and substantial. carol: we know they have had a great relationship. it has become strained. >> so last week, turkey detained a few human rights workers, including a german national. angela merkel, the chancellor, uncharacteristically denounced this. the last year and a half, she has been treading very likely on turkey's detentions of journalists and whatnot because of a deal that she brokered last year in which turkey agreed to accept a lot of refugees coming out of syria. so that has caused her to want to not offend, let's say, turkey, who she relies on as a partner to keep these refugees out of germany. oliver: and the politics section, donald trump is a candidate spent a lot of time -- as a candidate spent a lot of time trying to creamy favor of -- t

i think halliburton may be a buyer and i would think siemens would be a buyer and baker hughes ge, you, i am going to bring up a chart from ge. the is going back to ml -- old ceo's tenure. is the nick heymann world undervalued after what you saw the take out of french's mustard this week? we are taking up consumer companies, seven times sales. do we understand the valuation of some of these core companies? nick: right now, i think the most important thing is 1, to remove the over tank -- overhang of the specter of the reset. there is some folks talking about $1.25 in earnings instead of two dollars. we think it is in the neighborhood of $10 -- 10% or 15%. can see anf you opportunity for $20 billion on how you plug these holes, then in the cash flow, you know beidend can grow and 19 will a second issue. can you grow the company and the dividend at double digits? i think once john is out this fall, i think they will certainly be a lot more interest in the name. right now the interest we get from calls talking to clients is, how much overdone are all the naysayers? the biggest noise and t

before we had the siemens grounds -- that is a very good point -- the rivers were dredged. waterways were dredged out so that it widened. that hadn't been done. i don't know whose fault that is. part parish, part federal, part state. everybody has a piece of this high -- this pie. rivers dredged out and widened and deepened to a comedy the change in the sea flow and every thing else. it is up to us, as well. i can't tell you how many people in my subdivision cut the grass and then put the trash in the drain. that's got to go somewhere. if you are living with two drains, that means everybody around you is putting that trash or that weeds or whatever. we have got to start living like a community again. we have got to start living like a community. the last part, how do we stop building out into our how pastors and land? out into stop building our farmland to save it to be the area where water can go? that has got to be a federal, state something. [applause] thiscassidy: one aspect of is, for example, one thing i is going to do, the reason why wasn't flowing rapidly enough tha

first story is interesting stocks to watch, siemens is setting up a task force to investigate reports that some of the turbines that it had delivered to crimea for use in russian-built power plants could be a violation of eu sanctions against russia that's interesting the report says it is unclear whether siemens knew about the delivery if a third party bought the turbines and sold them to russia the company could be accused of indirect sanctions busting this one i don't get tesla is building the world's largest lithium ion battery pla plant. elon musk says if the plant is not completed within 100 days, it's free. >> free to who you won't charge australia anything -- maybe they got some big tax credits. >> tesla has other problems. just the volvo news has people thinking, wow, there's other car companies in the world because -- >> that will do electric cars. >> tesla stock slipped yesterday. >>> mondelez, that name is still around says a recent -- a recent cyberattack will cut in growth there will be a 3% slice off of its revenue growth rate for the quarter. the attack happened in lat

fe,ave berkshire, santa siemens, ing, toyota, pfizer, and apple, a very robust week ahead.ore about apple, apple, berkshire hathaway, apple on august first, so what is the expectation? >> when the most viable company reports it is of the wherefore the economy and tech. fangve seen with the stocks that if they don't crush it as netflix and facebook did come a can flounder as amazon has, so will they hit the numbers? hear what they have to say about the iphone 8 and expanding into australia to do green projects, solar, wind. china has a company that is posing arrival to iphone sales. is that causing a dent? again, expectations for eps, anything under and you can see the stock punished because investors have priced in strong earnings. hathaway,f berkshire what is interesting is what they have to say about the railroad and manufacturing units. it is also a bellwether for the economy. company and how his outlook is for the economy and how it is impacting his company as a clue as to how to proceed. >> we will also get the latest labor statistics. will it is positive, it shore up

. >> with iran sanctioning companies from o germany or china or answer from siemens, makes surveillanceis that all of the national security risks all national security interests in north korea concentrated in a single country, right? iran has a few different enablers, china north korea just has one that means that china is more likely to push back as hard as it can. >> against us. >> against us right. >> what you are the pros and cons of hitting china where it really hurts china's economy is driven by its ability to export goods that it asemblz in united states economic point of view this country is trade of large trade deficits why not economic tool but diplomatic tool punch chinese until they do something on north korea. >> i that i about terrific idea i think that chinese political leadership relies on two things, it relies on functioning economy, and high 8% growth year on year, and security apparatus to stay in power. if you takeaway economic growth and seriously start to redress trade balance of china you might actually begin to see some kind of behavioral change now flip side, of