adam spiegel opened this distilling company in 2010 with one simple mission. >> we make two types of rye whiskey and two types of bar upon. >> when we first started, we were the first 200 disstellar rice in the united states. now 1600. >> reporter: industry experts don't see it slowing down. every state in the u.s. is home to one craft distillery with new permits issued daily. >> people are enjoying spirits much more than they once did. >> reporter: david says smaller distilleries are responding to the demand of consumers. most typically focused on vodka and begin, whiskey is fast becoming the drinking of choice. >> using new aging techniques, they are aging them in different barrels. it lead to a lot of variety in the spirit marketplace. >> super salty, different. >> reporter: spiegel says his product's popularity has him expanding the distillery. >> reporter: this is about how much? >> close to 80,000 gallons worth of product. >> reporter: allowing him to make more traditional whiskey in this untraditional place. chris martinez, cbs news, sonoma county, california. >>> most america

. >> reporter: adam spiegel opened the sonoma county distilling company in 2010 with one simple mission types of rye whiskey and three types of bourbon. >> reporter: he's since watched his industry surge -- both in california and across the country. >> when we first started, we were within the first 200 distilleries in the united states. now there are 1,600. >> reporter: industry experts don't see the trend slowing down. every state in the u.s. is now home to at least one craft distillery with new permits issued daily. >> people are enjoying spirits much more than they once did. >> reporter: david osgo with the distilled spirits council says smaller distilleries are responding to the demand of consumers. and while most have typically focused on making vodka and gin -- >> we're calling this our sonoma coast single malt -- >> reporter: whiskey is fast becoming the drink of choice. >> using new aging techniques, they're aging them in different kind of barrels. it's really led to a lot of variety in the spirits marketplace. >> wow. >> super salty. super different. >> reporter: spiegel says

we will have peter spiegel from "the financial times" joining us with the brilliance of satellite. >>and greece is the word at the imf. the big money baouthilt at wall street will be buzzing about today. ♪ (music plays throughout) ♪ ♪ ♪ ♪ ♪ >> welcome back to "worldwide exchange." let's get you up to speed on the market action. a slightly positive open yesterday we were basically flat the nasdaq was the only one that was positive another record all-time close. the other two were below flat. expecting a relatively flat open today. let's look at currencies that was a big mover yesterday the broader dollar index hit a fresh low not seen for 11 1/2 months the euro was a mover higher after mario draghi's comments were interpreted as hawkish. the euro hit a high yesterday not seen for almost two years. it is extending those gains today. 116.56, extraordinary to see it up at that level elsewhere we have a bit of dollar weakness. >> the imf agreeing in principle to approve a new greek bailout the group says it is prepared to back a new loan worth 1$1.8 billion if eu creditors can provide more

according to spiegel, these are only based on spiegel. volkswagon has issued a statement to the authorities as soon as july last year alerting them that there have been that potential collusion between the three big car makers daimler, according to the report follows suit so under european law, one has to know the first whistleblower may get no crime if that is the case, volkswagon could go without a fine. daimler is highly questionable whether bmw has done anything wrong, we don't know anything for now for sure, but bmw has issued a statement sunday afternoon that tells you also the story. tells you also how much pressure is on car makers that they have nothing to do with any collusion and that the only talk between the car maker which has taken place was about a fueling system for the tanks. >> and bmw is the only one you mentioned who issued some defensive statement so far, and bmw shares are being fpunished less than pierce do you think it is related >> yes, bmw made it clear in a statement that they have a different technology in pla

joined by a russian president putin those have a veto in the un security council bush was furious spiegel magazine quoted the us ambassador to germany. and. the christian democratic group in the bluntest on puts pressure on schroeder among germany's support the military incursion into iraq. still bleeding the opposition to the us. in the washington post. bush defiantly severed all ties with schroeder washington considered introducing sanctions against france and germany but what caused the greatest concern at washington was an emerging alliance between fronts germany and russia the well to frequent meetings between the three leaders along with the plans to create a consolidated eurasian space stretching from the atlantic to the pacific ocean this is i in the side i've come through with and i hope in the hope of the sale of the sponsor p. and even the us who was a good that's a good one but this is will smith for herself because it will smith. does he but he could have he didn't if if he'd never that involved and then she didn't bet on them while this goes europeans who lived through the t

>> dinner spiegel says german carmakers may have collated to fix the prices of diesel omissions treatment, bmw, audi and others have been cooperating for years. correspondent: shady meetings behind closed doors, added the public eye germany's car industry has been coordinating entire markets since the 1990's. workers even manipululating exhaust treatment systems. the revelation following the dieselgate disaster. >> we at the german environmental organization has seen documents that amount to strong evidence that the similarity in exhaust for different producers is not a club students, it is coordinated. they first found evidence of collusion a after v vw and daimr offered up information to get ahead of the curve and avoid fines. political discussions have shifted, focusing on a possible ban onn diesel l cars in citiese to thehe high level of emission. audi is ofoffering 850,000 customers a free softwar updpdae toto reduce omissions. daimler has agreed to a similar update for 9 million cars. brent: on to another big question, is opec pumping more than planned? speculation over the oil glut

. >> reporter: adam spiegel opened up distilling company in 2010 with one simple mission. >> we makerye and three types of bourbon. >> reporter: he has since watched his industry surge both in california and across the country. >> when we first started we were within first 200 of the united states and now is there 1600. >> reporter: industry experts do see that trend slowing down , every state until the u.s. is home to one craft distillery with new permits issued daily. >> people are enjoying spirits much more then they once did. >> reporter: david ozgo with the distilled spirits council say smaller distilleries are responding to the demand of consumers and while most have focused on making vodka and gi n. >> we are calling this malt. >> reporter: whiskey is fast becoming drink of choice. >> using aging techniques they are aging them in different kind of barrels. it has led to variety in the spirits marketplace. >> super salty, super different. >> reporter: spiegel says his product's popularity has him expanding his distillery. >> this business how much? >> this is about somewhere cl

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. >>>

there spiegel has said they secretly work together on car development construction and logistics with buyers and suppliers suffering from under the table deals. another report says they partly withdrew from the cartel 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 wa

he was joined by a russian president those have a veto in the un security council bush was furious spiegel magazine quoted the us ambassador to germany. and. the christian democratic group in the bluntest on puts pressure on schroeder among germany support the military incursion into iraq. still leading the opposition flies to the us. in the washington post. bush defiantly severed all ties with schroeder washington said it introducing sanctions against france and germany but what caused the greatest concern at washington was an alliance between france germany and russia. to frequent meetings between the three leaders along with plans to create a consolidated eurasian space stretching from the actual to the pacific oceans. as i've come for you with. first. though this month's opinion didn't us who was good and that's if you can go on but this is phil smith for herself this is a school smit those who both he could have who didn't if if he didn't have it in both and then she didn't get on them this goes europeans who lived through the twentieth century a few years ago thirties former director

really, no one is going to have any kind of voting power or decision-making ability respond what spiegel and his small circle are able to do. some people will look at facebook and google and say they are doing the same thing but my response would be, they've proven it. we are not going to let the mob run this company snap came public with that already in place, which is, i would say, precocious at best and i don't think they've earned that right what is your take on that? >> i think that's a fair point and one that we didn't specifically address because it's so prominent throughout the industry now among a wider base of companies. >> not at the ipo stage, scott. >> there are, i think, structures put in place in many of these at which that happens now at the ipo and if you look through the broad list of internet companies or specifically what we cover, i would struggle to have a coverage if the coverage included companies -- >> has spiegel earned it, though, do you think has he done enough to deserve that >> yeah, i think it's a young company and that's a controversy that does expand beyo

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

. >> reporter: adam spiegel opened up the distilling company in 2010 with one simple mission. >> we makeng of rye whiskey and three types of bourbon. >> reporter: has watched his industry surge both in california and across the country. >> when we first started, first 200 distilleries in the united states. now is there 1600. >> reporter: industry experts don't see that slowing down. every state is now home to one craft distillery with new permits issued daily. >> people are enjoying spirits once more than they did. >> reporter: david osgo with the spirits council says smaller distilleries are responding to demand of the consumers and while most focused on making vodka, jin. >> thinks our sonoma coast malt. >> reporter: whiskey is fast growing choice. >> they are aging them this different barrels. it is leading to a lot of variety in the spirits marketplace. >> reporter: oh, wow. >> super salty and different. >> reporter: spiegel's says his products popularity has him expanding his distillery. >> this is about how much? >> so, this is about somewhere close to 80,000 gallons worth of produ

adam spiegel opened the sonoma county distillery company in 2010. >> we make two rye and one bourbonskey. >> reporter: he watched the industry surge in the state and across the country. >> when we first started we were the one of the first 200 in the united states, now 1600. >> reporter: industry experts don't see the trend slowing down, every state in the u.s. is home to at least one craft dist ilry with permits daily issued. >> people are enjoying spirits more than they once did. >> reporter: david with the dist iled spirits council says smaller distilleries are responding to the demand of consumers, most typically focus on making vodka and gin, whiskey fast becoming the drink of choice. >> using new aging technique, aging in different barrels, so it is really, has led to a lot of variety in the spirits markplace. >> wow. super salty, super different. >> reporter: adam says his product's surging popularity has him expanding the distillery. >> how much? >> this is about somewhere close to $80,000 worth of product. >> reporter: allowing him to make more whiskey. >> you don't are to g

the german magazine der spiegel is reporting that she was captured along with three other suspected isiseapons and explosive belts were discovered. let's move to poland — where the conservative government has dismissed criticism that a law reforming the supreme court would undermine the independence of the judiciary. protests are taking place now in the capital, warsaw. the new law, gives the polish government the right to replace supreme courtjudges, now needs presidential approval. well, hungary's prime minister viktor 0rban has also weighed in. he says he will use all legal options — to support poland — if the european union attempted to penalise them. here's what he had to say. translation: concerning the polish judicial reform, here we face case of double standards. the polish did not do anything. they did not change anything on theirjustice system that does not fit the mutually accepted and shared the spoils and ideas of the european union. this is unfair. and just on principle. this is what the principles are doing today. that's why an honourable person not only because real hunga

you know what monique spiegel street looks like the real trick would be analyzed to keep the bottom. line with me like you know i'm not i got. a pretty. cool off.

millions of their vehicles on the road with full use of the fuel according to german magazine der spiegel it may have gone on for decades and what began two years ago as an accusation against volkswagen emissions test cheating has spread now to die more b.m.w. . audi and porsche brands the german cartel office has said in a statement that it can't actually comment on ongoing investigations like this the industry is one of germany's largest employers and it's a representative of the country's impeccable engineering shares of b.m.w. v.w. and fell on this news billions have been paid in fines to the u.s. and european authorities for this scandal and last week audi voluntarily recalled eight hundred fifty thousand of its models which carried that software used in the cheating. canada's economic growth will surpass that of the u.s. this year and it will top all other g seven nations this is the prediction from the international monetary fund according to its latest world economic outlook artie's allison heil which is center on to with the story to talk about this this outlook alex but the down

daimler for allegedly colluding over pricing and technology according to the german magazine der spiegel. this report follows announce am that three carmaker are recalling their vehicles due to insufficient diesel emissions software that does not meet government standard. next up this story, president trump renewing his push to investigate hillary clinton's private e-mail server. >> next a man who said, it is about time, she judicial watch president john fitten he is here next. help stop the journey of gum disease. try new parodontax toothpaste. ♪ we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is ev

evan spiegel is a billionaire who is married to miranda kerr. . .an ex victoria's secret angel.s probably the best thing going on in his life right now because investors are pretty angry at him. snap's big problem in my opinion is that it's geared toward young people. danon: okay, and then a consumer credit. so north american's are opening up new credit cards, charging a lot more than they were a few months ago. this is good news/ bad news. it's good news for the economy which is good news for the stock market. it's bad news because our neighbors are borrowing way too much money. consumer credit is up 18.4 billion in the month of may. that's the most in six months. consumer borrowing is closely watched because it is tied to the economy when people feel good about the stock market. when people feel good about the job market, they go and borrow. then they go out and boost the economy by spending. spending by consumers is about 70-percent of our economic activity. credit cards were up 7.4 billion. . . .much stronger than the 1.2 billion-dollar increase just last month. auto loans a

evan spiegel is a billionaire who is married to miranda kerr. . .an ex victoria's secret angel.at's probably the best thing going on in his life right now because investors are pretty angry at him. snap's big problem in my opinion is that it's geared toward young people. danon: okay, and then a consumer credit. so north american's are opening up new credit cards, charging a lot more than they were a few months ago. this is good news/ bad news. it's good news for the economy which is good news for the stock market. it's bad news because our neighbors are borrowing way too much money. consumer credit is up 18.4 billion in the month of may. that's the most in six months. consumer borrowing is closely watched because it is tied to the economy when people feel good about the stock market. when people feel good about the job market, they go and borrow. then they go out and boost the economy by spending. spending by consumers is about 70-percent of our economic activity. credit cards were up 7.4 billion. . . .much stronger than the 1.2 billion-dollar increase just last month. auto loan

joining us to discuss what is next for britain is peter spiegel. she shed a tear. i suppose that's not a surprise. the low point was that election result >> and if you remember back, she ghaf this very proud proud speech on the steps of downing street she was a singular figure in british politics and herr agend was pretty aggressive, particularly anti-business, things like employees on corporate board, caps on energy prices she talked about raising -- going after self-employed taxes. so suddenly this election happens and almost entire agenda has now been pushed off the table. so this is a woman who came in with a real proper agenda to change not only britain, but change the tory party which was a pro london david cameron to get back to the countryside, the middle england and champion working class britons in those areas. and that is all off the table. so the vision won't happen now she has a minority government and no wonder she shed a tear. >> and before we transition specifically too trump and macron, still sticking with the expectations compared to a year ago, t

but to your point, melissa, that's a good one and you have 700 million shares between evan spiegel, his co-founders, imran khan, as well as big holdings from the initial d.c.-backed companies -- backers that we think may be stickier than some people expect. i think the pressure that we are inclined to see, if so, would come more from former and lower rank and file. >> don, your company advertises, right? >> yes >> would you as an advertiser buy time on snap >> it doesn't hit my demographic. but as we get into more rental apartments, yeah, we would >> you would >> absolutely. >> how do you look at that because isn't that the ultimate answer are advertisers going to go -- we know they're going to go to facebook >> yes >> they're going to instagram. to a point are they going to snapchat would you? >> as snapchat matures because their customer base and their client base is younger >> do you think the people will age up with snap or they will age out of snap? >> i think there's a danger that they age out but you know, look, i think there's some that will age up with it. the concept -- facebo

. >> i can tell you it is fake news on the speaker because evan spiegel hasn't launched a speaker yetit's impossible facebook would it makes no sense for them to have a speaker because the component parts of the speaker would be having a.i., it would be having surge, having hardware dexterity. it's not the components they have and there's no natural connection to facebook at all, except maybe listening to your conversations, finding key words to retarget you on edge, which seems crazy, but something people are working on in the technology industry. so i don't think it would be an interesting product for them, nor do i think it's happening. the background on this is, all the labs spit out stuff. then something leaks and a blog, like a tech blog just says, oh, my god, or a gadget blog says, this is going to get us pay juice. it could be happening in a lab somewhere but not going to move the stock in any way >> bob, the message for so long has been facebook, alphabet, there's room for everybody but i look at the numbers and it looks to me like two years ago google's revenue was five time

emily: very positive about evan spiegel but cautious about competition from facebook.his whole story that we would be the product innovators and we will have to keep updating to stay ahead of facebook and it clearly hasn't sort of reuven true yet. we will need to see a facebook is just a really good copycat and they are not too embarrassed to say it. their stock price took an even worse beating when they first went public. you come out, you have a lot of shares tied up. time we'vee first seen it. emily: uber backing out of the russian market. it will still have a stake in this company, but the market leader in russia, basically the google of russia, essentially, has one. >> uber is ready for a profitability story. and the losses in russia compared to china weren't as big. it was like 150 million dollars over three years compared to $2 billion in china. it did not look like either business was going to turn a profit. the index was way ahead. uber's $500red to million. over got more than one third of the company. uber sees this as an opportunity. and let a local leader r

is it something which validates the der spiegel article? the automakers have not come out really strongly. volkswagen, daimler, are the next ones that have to comment on the reports. we will hear something from them. volkswagen hold a supervisory board meeting and reports earnings on thursday. those are the next sort of calendar items that we should hear from them in a little more detail about how they react to this and see it. so that is the next point in time. whether the regulators go more formal in their investigation and beyond the studying phase come and go into formal raids, they do that quite often in germany. steelid that with the probe. those are the next events that will really show to what extent and how much -- obviously, if these allegations are proven, would be very costly, especially if the european commission weighs in. to me, the bigger problem looks like the possibility of cities banning diesel and the possibility of diesel not being allowed at all. diesel makes up 46% of bmw's total global sales. how serious is this issu

sorel can get together with them and try to school them on what would work or not work that being spiegelt there. i think it wraps up. >> i believe it does wrap up later this weekend >> snap did get an emmy nomination for innovation and some of the work they did with "the voice" for our parent nbcu. so a little by little, i guess we'll watch and see what the earnings look like on the 10th >>> when we come back, a lot more on the big banks and the rare drama on the earnings call with, which else, jamie dimon of jpmorgan.summer, so does the lobst lobster. fishermen with record catches. we'll check in with contessa brewer ♪ no, please, please, oh! ♪ (shrieks in terror) (heavy breathing and snorting) no, no. the running of the bulldogs? surprising. what's not surprising? how much money aleia saved by switching to geico. fifteen minutes could save you fifteen percent or more. >>> 10:45, let's get out to rick santelli and the santelli exchange >> remember, if it's earnings season, it's rebecca corbing this is going to be the most fun spot we've ever done because there's one universal question i

. >> who is short facebook what, someone -- evan spiegel?> i don't think einhorn is, but he certainly isn't doing particularly well, in his latest story. >> you have to just talk about the negative people. >> yeah, i talk about the negative >> i feel bad for him like i feel bad -- >> you've got the nasdaq comp up 25% over the last area what's wrong with that >> it's broad -- no, look, please, i'm positive i just want to see the -- i like the jpmorgan-led rally more than i like the netflix-led rally i care about who's the generals. >> i know you do >> i know. >> i want eisenhower in there. i don't necessarily want mcarthur or certainly not westmoreland. >> understood. by the way, nasdaq's 52-year low set yesterday today. >> i looked at all the tweets this morning and that was the most cogent tweet, because what that said was, look out, because we've. straight for a year. that's really impressive really impressive. i mean, too good to be true. >> the s&p is up 13.5% over that time the nasdaq is up from the s&p by 12%. >> but people -- now i ha

attention to all these new rollouts, and in theory the ar kit from apple, this is a dream for evan spiegelhe'll been playing with this for a long time, and the rollout is not that far away. doesn't take a lot to go viral these days >> all right gentlemen, again, truncated segment because of the breaking news and we appreciate your thoughts on the snap and ipo lockout. we'll take a quick break >> look at la live shot of the white house press room where we're set to get a briefing. it should begin momentarily from sarah huckabee sanders, the white house press secretary. of course, we'll take you to the bensig he n sn iooast gi rhterho"closing bell." [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a

der spiegel alleging that bmw, daimler and volkswagen may have worked together to fix prices and designems. the report says that the european commission could step in to investigate possible collusion among the automakers bmw issuing a statement today saying its vehicles comply with all legal requirements >>> separately it is official. big deal of the american webmd being acquired by kkr's internet brands for $66.56 a share in cash. that transaction valued at 2.8 billion dollars. and newly unsealed documents could be a game changer in the litigation involving fannie mae and freddie mac as details in "the new york times" this morning, if you haven't seen this story you've got to, the documents show that high level treasury officials knew as early as december 2011 that fannie and freddie would soon become profitable again you have to remember in 2012 the government changed the terms to begin seizing all of the profits both companies generated every quarter and has become one of the most profitable investments, if you will, that the government has ever made as a result of that restructurin