vw saw their registration at 11%. i cannot talk long enough to get renault open. the aussie rba acknowledged they have to do more with the rates but they did not. the need for patience. the dollar is a little skittish a little nervous. how desperate is the dollar? you have a couple of weak manufacturing numbers. the bloomberg surprise index is the lowest since 2009 at combined with the bart chart which is inflation expectations -10 year. ten-year inflation expectations, they are not negative, they are around 1%. desperate times for desperate measures. your fx trading. do you want to shave a little bit before the statement tomorrow night? jonathan: manus cranny. thank you. happy st. patrick's day. renault opened higher by a full 0.25%. japan keeping regular -- record stimulus unchanged. kuroda cannot rule out a dip in inflation below zero. from tokyo o'brien, great to have you with us. a lot of people will be asking is the bank of japan's 2% target lifting away? reporter: it seems to be going away. kuroda try to put the best face forward and saying oil prices will

vw's goal is to come in around 6%. sales were basically flat last month.ike an wants to take it to toyota -- volkswagen wants to take it to toyota. we will see what they have to say about currency. they have big operations in brazil and russia. lufthansa they did a little better than expected. they are giving forward guidance for 2015. when you look back at 2014, they announced that they weren't going to be doing a dividend use year and there isn't a lot of long-term optimism. they have some strength in their catering business. hugo boss, your favorite, their guidance is for 5% to 7% growth in 2015. that is disappointing analysts. that's why we are seeing hugo boss trade down a little bit. my advice go out and buy yourself a hugo boss or by your producer one. jonathan: do not blame me. you need to get out there in berlin and go shopping. thank you very much. coming up, the greek economy. it is sinking. but are the votes sinking as well? more on the safe havens for the world's most valuable fleet. ♪ jonathan: good morning and welcome back. the save haven in

in peninsula, where a vw plants was unionized and they went out of business. what you want. an interesting case study is that there are member only unions, there are two unions certified in chattanooga, and they act like associations where people join or don't. >> tom gagon, what do you make of what you heard from the institute. is it a better deal for a worker to head into the plant and not have a union card in his pocket. >> the koch brothers who funded the study poured millions in fighting unions and getting right o work. surprise, surprise, the koch brother study counselled out what they are doing increases wages. it's nonsense. lots of studies have been done, economic policy institute has one showing in right to work states the average wam is $6,000 less than in nonright to work states. and if you look at states with the highest unemployment. seven of those so are right to work states. if you look at a study by economic cooperation and develops, it's based in paris. fairly conservative. they found in terms of quality of life eight of the ten states were not right to wor

sam: vw built the first leed platinum plant. colleague matt miller went down to chattanooga check it out. matt: i am headed to the volkswagen factory in chattanooga, tennessee. it is a big one -- they produce more than 150,000 passats per year. the factory is really environmentally friendly. think blue, that is their big slogan here. >> think blue means sustainability. not just the vehicle, also the factory itself. when we designed the factory, we took the leed checklist to set up a platinum facility. assembling parts, paint job, body shop -- matt: bob, what do you do here? >> i am the welding specialist for the body shop. matt: that is a big deal. welding is a big part of the body shop. >> a lot of responsibility. what makes us different, it monitors the welding current and reacts in real time and inputs the exact amount of energy needed to make a good weld. normally, you will see a lot of expulsions of metal flying. matt: i like it when you see that. >> most people like it. but it is actually not a good thing. matt: look at al

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i were the landowner and came to granted any 17 thousand secret it would be in my best interest to vw's have signage when a car comes that shouldn't be an issue given the size of this project that was tech toxic i can't imagine that the owner wouldn't say okay. >> i have a question if i may through the president it is unclear for me when was stated and maybe the project sponsor has any control over and over the garage or the garage is part of the project because if it's not part of the scope of the project than the commission didn't have jurisdiction over the garage and it's not part of the leased area that we have we have rights to used the parking garage and under recent specified spaces for target but they have spate security within the garage that is owned and maintained and operated by the landlord not by target. >> deputy city attorney my advice to the commission if the commission were k4r50i7bd to have conditions they continue the matter so my office can research with whether the commission has jurisdiction over the garage space. >> may i suggest that instead of continuing it we

as ceo of volkswagen he's grown annual sales to more than 10 million vehicles and has positioned vw to pass toyota for number one worldwide. >> i don't know whether we'll spasz toyota this year but we try to achieve other targets. >> reporter: those include boosting profit margins after spending billions to expand assembly lines worldwide, including in the u.s. where sales have lagged. in part because the company has been slow to build suvs. >> yes. we did procrastinate and wait too long. of course near small end, we have to close a factory so we were reticent and now going into the offensive in the states. >> reporter: bmw starts building a new suv with more to follow. meanwhile, its biggest luxury brand, audi is cashing in on america's growing demand for high end cars. >> audi's got a tremendous amount and they're expanding their portfolio, but it really comes down to capacity and their capacity doesn't really expand until 2017 when they open up next facility. >> reporter: if volkswagen is able to reach its potential in the united states it could be poised for an extended run as the

a sinkhole opened under right under this vw beetle. crew husband to safely get the car out of the way so they could fix the broken water main. neighbors told us water was floating down the street like a river. >>> something else could ruin your day. it's called a pothole and the pothole patrolling has already begun. we spotted a few craters today in northwest. cars were dodging this one. the pothole at hawthorne so big they got cones around it. now we reported these problems. the city has three business days to fix them unless there's bad weather in the forecast which of course you've got a pothole bugging you head to tellwusa9.com. fill out the form. >>> don't let tomorrow's spring-like weather fool you. it's going to be nice tomorrow. >> it's going to be showery and rainy and cloudy but near 50. >> so you with wear your rain slicker that doesn't have the lining in it. >> i'd keep the lining in it tomorrow. [ laughter ] but thursday a different story. right back to wintertime with pretty good snow heading our way. let's start with a l

she's like oh yeah, this is really what i wanted, a little vw bug. >> that's like the perfect car for a 16-year-old too because they're adorably cute. >> yeah, it's awesome. >> and then a car alarm starts sounding outside. she's really not picking up on the hints at all. she's just being goofy. like oh, is that my car? she pretend she's going to run outside being funny. everybody's like, hint two. down the drain. and finally, they get her to look out the window and she sees her car. >> it's a vehicle! >> turns around she's in shock because she just got a 2002 yellow very cool volkswagen beetle. >> happy birthday congratulations. >> thanks. >> there's some old wives tales about diesel engine cars that volkswagen is setting out the dispel. they're stinky they're smelly. this includes youtube stars we may recognize. >> something stinks, i'm telling you. >> oh! >> from golden sisters, josie, mary and teresa. huge internet hits. >> must be the diesel. >> they're dispelling the myth that diesel engines are stinky. >> it's not the diesel, josie. >> oh, my goodness it smells like marinated ca

a big for vw and bmw. the growth of the sectors continues.uest thinks they are trading at a discount. let's bring in tim. hi, temp. had an astonishing year. vw, daimler. -- they have had an astonishing year. that is incredible. a twist on it the other day. 18 billion euros, it is phenomenal. can they continue? tim: we have to look at evaluations and it comes down to the fact that if you look at the big auto names you mentioned some, they are trading in line with historical values and if you look at the sector as a whole, 11 times earnings. 16 times earnings. very good value to us. what is more important is not just they have very strong tailwinds coming from europe but also been part of a larger change. you are seeing companies transform their businesses. businesses which can have long-term structural and much better margins and much better operational leverage. anna: the business is doing that you said are in -- have done the hard work during the downturn. tim crockford: you are right. not just the yen. valet is a good example. we on the sto

vw is also apologizing to consumers for any inconveniences.re allegations that cctv does not necessarily give companies the chance to rebut. but basically they are alleging that the dealers reportedly overstated problems with cars and overcharged for simple fixes. rishaad: we talked earlier this morning -- it seems like it is all foreign brands. but then how come people involved with foreign brands -- that is my argument. >> they are a higher profile name in the automobile industry. they are the ones that did the most complaints. by simple mathematics. but there are big chinese brands like china mobile -- they have also been singled out for allowing fraudsters to use their services for various scams. china mobile is one of the biggest chinese state-run companies. rishaad: clothing brands. why have they been also mentioned? >> these are foreign brands>>. you are probably wearing some of them. h&m, gap, american apparel. forever 21. rishaad: that is me. [laughter] >> apparently 23,000 batches of clothing didn't me to guidelines, so you better ta

they are intherese intrigueed by it, i think that issue is you have likes of vw, bmw porsche with a newcle. the competition is lining up. neil: they have to get on the range. the problem with the car is the range, tesla talks about a model closer to 800 to 1,000 miles on a single charge. it worries them they get range anxiety. >> sure with lower oil prices you lose your marginal buyer you always get your limousine green car. they wanted to seen driving that green sexy car you lose our marginal buyers for reason, it does not become has sexy to the nongreen concerned person. you have to find out how far they can go, where a charging station would be and with oil prices going down, does not cost as much to drive the other sexy cars whether a maserati or a porsche. and how to do an electric car big car companies with a lot bigger pockets are coming in with competition. one final point. tesla selling at outrageous multiple. times their earning look at 400% growth rate next year that is great until you see it purts company at 254 times earning still. neil: wow maybe this is why people don't t

the southbound side of the vw parkway shut down because of a crash. this happened at the exit for green belt road. we can show you a look from the scene. three cars involved. two seemed to have gone off the road. one appears to be a snow plow. we are looking to find out more but no one was seriously hurt. the george washington parkway back open after another crash. chopper 4 was over the scene. two cars collided in arlington. the southbound side was shut down while police had to clear the road. no one seriously hurt. >> i police officer shot a man after a car pursuit and foot chase. they witnessed the man involved in a criminal activity at comfort inn drive. he lost control of his car. the chase continued on foot and a canine team hid behind a house. the suspect is being treated at the hospital. >> prince george's county police have taken a predator off the streets. he is charged with first degree rape in one case and is implicated in two others. >>> you innocent? >> yep. >> police arrested the 48-year-old in cottage city maryland. he grabbed a woman

i heard you guys sold your own calculators and vw buses just to keep this thing going. >> well, my jobas actually to keep a little peace between steve and steve. they had minor difficulties, which i had no adul difficulty in resolving between them. and providing the technical background i had as a result of 30 years of engineering. and some personal experience in corporate enterprises. >> yeah, you were the adult supervisor brought in from atari. great to hear from you. you have written a book about apple. wrote it in 2011. it's just fascinating to see. but one thing, apple unveils the iwatch on monday, supposedly. that's the big expectation. >> right. liz: will you be buying one? >> i have to admit, i've never owned an apple product. but i may very well buy one of those. >> somebody gave you an apple product. >> an ipod. i gave it to my boy to have him show me how it works. my chances of getting it back are between slim to none. >> one just left town. it's great that you're in town to talk to us. thank you so much. wishing you the best. ronald wan wayne the original cofounder of apple

if you're vw these companies, peso, 15.59.tate that i -- i have a house in, say it -- >> many states. >> yes yes. >> it's -- when i first started going there, it was like there was no one on the plane. now it's all german and japanese. why? they that's where they put all of the plants. making luxury cars in pueblo amazing places that's where the money's being made. send them up union pacific, no different than making them in detroit exist costs are nothing. $5 a day cheaper than china. cheaper to build in mexico than china, $5 a day new york pollution controls. >> and closer. >> no boats. >>> banks are in focus today. final result of the fed's annual stress test due after the closing bell. jpmorgan, citi group among the big u.s. banks expected to win fed backing to buy back additional shares. odds on who does best who does worst? >> the market's placed a bet that bank of america, made a mistake last time is going to be good. i thought peter, i worked with him for a long time in "new york times," an interesting piece about the

the driver of this vw tried hurling a bag of heroin only to end up dusting his interior. there were the san diego suspects who flung thousands of dollars in cash after a drug deal went wrong. motorists tried scooping up the bills. one even stopped in the middle of the freeway. >> how much you get, man? >> i don't know. >> are you going to keep it? >> i don't know. >> reporter: that's not what they mean by throwing money at infrastructure. and this isn't what causes potholes. jeanne moos cnn, new york. >> she stole my pothole joke. i had that earlier. thank you so much for joining us. "ac360" starts right now. >>> hey, good evening. thanks for joining us. a very full night ahead starting with four words: secret service and not again. yep. another embarrassing incident from the outfit that let the guy jump the fence and allow someone else to take shots and someone else fly a drone on the grounds of the white house. another incident from the agency that just replaced its director and appeared to be cleaning house. this latest chapter involves two agents their car wreck at th

it's a vw beetle made out of snow. this guy is amazing. he's been doing this since 1996. all winter long, too. if you want to read how he does it and what tools he uses, pick up a couple of tips go to our nbc washington facebook page and read my full interview with mr. walter crain. we've had nothing but rain. charlottesville fredericksburg richmond still getting a lot of rain today. it's sliding right along that weather boundary that at least moved south of our area. showers right now coming into manassas, falls church, pax river, cambridge was earlier today. now it's all southbound with even moderate rain around richmond, virginia. for us i do think areas north of us areas like northern maryland around frederick, hagerstown, would see clearing by sunset. we're at 66 agree sdegrees, really mild. we won't see fog overnight a clear sky for us. we'll turn chilly once we clear out, learn:00 p.m. 49 degrees, tomorrow morning we'll be starting out in the 30s so it will be a cold start tomorrow. sunshine for the day all through. here's early tomorrow morning and here's the afte

he and his two buddies sold their vw buses and their personal calculators to found the company. man who designed apple's first logo with us exclusively. wait until you hear his reaction. i woke him up on the west coast when he called. he has heard about it just yet. there will be a price on apple's iwatch. guess what, a guy not looking at that price because his pebble watch is less expensive. eric says, mine is better anyway. he is here. right here in the studio in a fox business exclusive in advance of monday's big apple announcement. and we'll let him do a few bragging rights. we'll ask him about his brand-new pebble feel and pebble time and how he plans to spend monday. will he be asking that news report? he's sold a million of these. we'll see you at the top of the hour. >> the ringling brothers phasing out elephants in their shows because of, quote, a mood shift among consumers. will quaisms follow suit? your move, sea world. at the end of the day it's all about money. melissa: now for something that you just have to see. celebrity canine chef crusoe docson from ottawa cana

and i had about -- remember the vws that mike d used to wear? i used to pull them off of cars. i was a punk. i had like 20 of them around my neck. and my friend was like, maybe take it down. like maybe take ten off or something -- i go, yeah, yeah. they were on like rope, like string. and so i went up to, and i'm like, "what am i going to say? oh, my god." so i'm trying to be all cool. and i go up to them and yauch's skating around. he's got green hair. he looks so rad. the check your head tour. and i'm like, "hey, what's up, yauch? and he's just skating around. he's just cool. and i go, "so what time's the show?" [ laughter ] he goes, "what?" i go, "what time's the show?" he goes, "i don't know, 8:00." "cool, man." then i walk back. i'm like, oh, my god! that's the lamest thing. what time's the show? but he was really nice. [ applause ] anyway, ad-rock's here. i'm going to talk to him. i'm cool now. i've grown up. i'm going ask him what time the show is. also here tonight -- i'm excited about this. from the hit show "river monsters" on animal planet, fish expert jeremy wade is

vw has a relationship with both companies, android auto and apple car play.king regarding those products. i ask do you think either apple or google will eventually build a car and sell a car? here's what he had to say. >> well, i believe that for city traffic with small cars and low speeds, they are well placed. i feel confident of them managing. but combustion engines not so much. >> he believes that both apple and google have a long ways to go in terms of the auto industry but make no mistake, they do believe there is the possibility of apple and google doing much more than what they're currently doing in the auto industry. back to you. >> great story, phil. if you're not careful they might put you on the euro boat. phil lebeau in berlin. >>> also in the car business, formula e continuing its inaugural season with its first u.s. race set to take place in miami on saturday. joining us this morning from miami is formula e ceo. alejandro good to have you back, had you on last april and here we are, can you believe we're finally here? >> yes, i know. thank you

names like jaguar and land rover and nissan and vw and daimler dealerships and china mobile and h&m and navy and even our miami -- armani. this exposes consumer complaints and china. the show criticized not giving the accused a chance to rebut but volkswagen has come up quickly to apologize for any inconveniences caused by consumers that its various dealerships that are again with joint venture partners. g was nissan says it takes allegations seriously. it is not just naming and shaming, they could face fines and reputation damage in china. rishaad: thank you for that. 30 look at the other stories we are watching for you, you won't with the roundup. -- take a look at the other stories we're working with you, up. lawn -- the wrap yvonne: we are seeing photos of the worst natural disaster some people have seen, cyclone pam. flattens 23 thousand homes and they took a direct hit. with as strong as 270 kilometers an hour tour through the island, severing communications with remote islands. that you look at the damage. -- take a look at the damage. australia and new zealand have aid and other

vw up daimler 31% higher bmw surged by 30%.billion euros in value to the dax this year. only nine companies in the dax are worth more than 69 billion euros. how is it looking on the valuation basis? given the gains this year, it is trading on almost 20 times earnings. that is the highest since 2009. it is on 15.2 times projected earnings, also the highest since 2009. the 10-year average for projected earnings is 12.35. it is well above the average. one final point, the dax has added the most in valuation terms. in percentage terms, it is number three in europe this year. number one denmark's copenhagen 20 index. it has risen more than the dax. number two portugal's psi 20. both have gains of 22% in 2015. germany's dax, the stock market, taking europe back to y2k. caroline: amazing points with euro being week. does help those german exports. manus: where were you in 2000? mark: right here. manus: no champagne for me. let's look at some of the big headlines on bloomberg. holcim and lafarge have reached an agreement to salvage the

anna: vw said basically good luck with the physics. ♪ manus: google says it plans to offer wireless phonevices on a small scale in the u.s.. the fed could raise rates in june, according to janus capital. >> what has been promoted has the potential for bubbles in the stock and bond markets. i think the fed is willing to it knowledge that by raising interest rates at least 25 basis point in june. manus: and saturday night live is heading east. the u.s. comedy show is starting a chinese version. they will have comedians from across china performing sketches and live music. everyone has cracked a screen at one point or another. a japanese company is bringing the latest ultra rugged smartphones to europe. >> nearly everyone has a smart phone these days, and everyone has probably broken their screen at one point. but that is where this phone comes in. i have made langston -- i am nate langston. this japanese company has produced a phone they describe as rugged. it is fairly standard of a device like this. the company also says the phone can withstand being underwater. ♪ ok, well that did more d

>>reporter: with my website at this action called the vw it's time to tell somebody that, i have a coupleeo talking about my story and i'm selling my church on a website and having a barbecue from survivors to come out all my supporters sought to meet everyone her brother came forward and that made her realize that she was not alone she says talking about her past is still painful to pretty emotional thing a lot of people try to suppress would happen but acid talking about and bring it up after feels good she has another reason to be strong her daughter me stop of her from getting arrested i will have to work the cycle and that is was all about breaking the cycle she says the status bar q just the beginning of many that she plans to orchestrate.. >>reporter: because we are survivors were warriors and we are all strong not just make everyone a strong carrier >>reporter: is another story you like to submit it could hit to our web site and click on the my kron 4 story tab coming up if you're planning on getting to the movies this weekend will let you know what is not the box office that is c

for vw when "power lunch" returns. hello. i am technology that is changing investing forever. i am a fully automated investment advisory service. i can help you choose the right portfolio. monitor it. and even rebalance it. i've been called innovative. revolutionary. and just plain smart. i'd blush at the compliment if i could. but i can't. so. i won't. say hello at intelligent.schwab.com now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. summit materials up 13 %, the cement maker made 22.2 shares, 18 bucks a piece, and summit itself sold all the shares in the offering, and those shares are higher a smaller cap company sill a big ipo today for the market. back to you. >> dom, thank you very much. >>> voke volkswagen cannot get tract

most of those going to german citizens who decide they will take delivery here at the vw headquarters. in terms of when you look at the dollar versus the euro and as we move closer to parody, the question has come up what does this mean for those european brand automobiles that are sold in the united states? well, keep in mind the vast majority of those vehicles whether it's bmw, mercedes volkswagen or any of the volkswagen brands -- porsche, audi, a couple of examples -- the vast majority are built in the united states and sold in the united states but there are about a million, about 6% of all vehicles in the u.s. that are built here in europe. obviously, at a much lower cost because of the euro and then sold in the united states. there is some benefit. not a huge benefit when are you talking about companies like volkswagen that sell more than 10 million vehicles worldwide in a year. is there a little benefit? yes. is it a huge one? no. it's not something they expect to expect for long. speaking of executives tomorrow morning on "squawk box" you do not want to miss this interview be

phil lebeau joins us now from the vw annual meeting and that is in berlin germany, with more.f news coming out of the meeting this morning and from our interview with dr. martin vinterkorn. let's start off with the primary driver of growth for this country. it remains china. that's part of the focus. when they factor in their equity holdings with their joint ventures, their annual profit last year was a record 17.9 billion euros. that was the record annual profit for volkswagen last year and in china they continue to invest. their current production of 3.7 million vehicles remember volkswagen is number one in china. thap that is expected to grow to 5 million in annual production by 2019. here's part of our interview earlier this morning. >> translator: if we had 1/3 in western europe 1/3 in china, and 1/3 in the u.s. we would be well balanced. which is why our growth plans go to the u.s. >> and the u.s. remains the one area where volkswagen continues to struggle because they have not made enough of an investment in suvs. that's going to change next year and in the future they