keep in mind, this is only one vw's emissions scandal. they still have to deal with that cheating software, about 11 million diesel cars, not to mention the art additional questionable software's. 11 million cars. it still could add up to billions of dollars in fines and losses. yvonne: not to mention the damage of a legacy brand. to investorsalking and reporters today. what should we expect that of them? is making ane ceo appearance. this is only the second time he will be talking to shareholders and the press since the scandal broke. people are very focused on what he has to say. this could be the first significant in-depth look at the scandal. so far, the company has provided little information on the people and processes involved in making this diesel vehicles, and providing inaccurate co2 data in europe. vw is expected to provide those of the internal investigation into the manipulation. yvonne: thank you so much. checking on some other stories, we are following. hope you electric has found a big spike -- tokyo electric has found a b

i: yesterday, vw eliminated the co2 part of the scandal.said there are far fewer cars effected by the co2 readings. only 36,000. irregularities were not discrepancies that would be illegal. that was good news yesterday for vw. guy: we still have to deal with anox. what are we going to find out today about that one? naomi: the biggest question about nox will remain unanswered until later this month when the epa will announce whether or not they are going to accept vw fix for diesel cars in the u.s. that will be big news. that is a major think they are waiting for. guy: i am looking for to hearing the questions on that subject. thank you very much, indeed. i am told berlin is watching this very carefully. so difficult to trade these stories. we are not going to make trading decisions on this program. nevertheless the less, communications remains the difficult part of how companies react. it is so volatile and difficult to make these take positions following these scandals. when you look at the kind of corporate governance, how is it possible

hans nichols with a great interview with the ceo of vw.et back to you and cameron watt. -- with ewen cameron watt. it probably more a repetition story. here is vw, they are going to be engulfed by this. , when the car industry is about to go through another major technology change as it moves toward driverless cars. i can't help wondering how much of vw's corporate attention is going to be sucked away from that important product of elements. to the ceo. speak he joins us live from switzerland. this is number experiments -- this is bloomberg surveillance. ♪ francine: this is bloomberg surveillance. i'm francine lacqua. tom keene in new york. we have been talking about china and the fed. this get back to our guest host, ewen cameron watt from lacqua -- from blackrock. i caught up on something about china. wanting to be normal. the basis for everything you have written is that china will not go through a hard landing. ewen: it is going to a different landing. the manufacturing and investment side of the economy is concerned. the consumption s

you have to dig into the vw results here. they're losing market share but it's positive they did manage to get a bit of an increase. >> that's right. so volkswagen shares grew by 3 to 4%. >> but we're looking at the market share prethe diesel crisis. what's interesting there is its 12.2% january through september and 12.2% in november. the brand has the same market share. the year on year share declines as part of the more broader trend we have seen over a longer period of time. >> some what extending a trend already in place but still when you look at their mass market, the likes of fiat, double digit percentage does that suggest that volkswagen will have to engage in the price war. >> that remains to be seen. historically they've had a pricing margin and we expect they'll look to maintain that. we think with diminishing headlines around the diesel scandal the company has con fireworks tense in it's product and will regain share at the moment vw is still losing market share. is it ford for example doing well or is it the fre

. >> vw declines to comment suggesting it reached an agreement to 13 banks to provide a bridge loan after suffering an s&p downgrade. >> hi, everybody, welcome back. yes, you are watching worldwide exchange. let me talk to you about the euro zone inflation. consumer pricing growing at a mere 0.1% in the month of november. that's according to the euro stats so inflation still very, very low. that of course being one of the issues that the ecb is dealing with. it came in a little bit shy of expectations. we're looking at a euro dollar a bit. that's pushed quite substantially in the last couple of sessions and just to mention as well, the yield reversing a slightly early rise that we were seeing after this week and anticipated euro zone inflation print. >> evi want to show you what u. futures look like early on this morning. we're a couple of hours away but we're looking at green across the charts. s&p 500 seen higher by 2.4 points or 0.1% and the same for the nasdaq 100. this was after yesterday. we saw a rally across the board. all sectors higher with health care leading the gains. why? no

. >> well, vw is downgraded as sales fall in november. separately, the owner prepares to face workers for the first time since the scandal. >> shares in yahoo! spike on a report that they could spin off the internet business in growing pressure over lack of turn around progress. >> hello, good morning. good to see you back with us. here for another worldwide exchange. we have two hours together. a pretty packed show and a lot going on looking at politics as well as what the markets are doing. we have quite a lot going on. cop 21 already in paris. coverage from there and opec at the end of the week and squeezed in between janet yellen later today. everybody is looking to any hints she could give and the ecb is upon us as well tomorrow so markets may be repositioning ahead of this meeting. on friday wrapping up the week anticipated to see 200,000 jobs created during the month of november. the issue is whether we overshoot or undershoot or come in in line with the expectations. flat higher this morning so following on from the calls we were

or brand vw dealer.car dealer and now i'm stuck with some of these. i can't sell them. what do i do? they've got an interesting claim as well. >> they certainly do. phil lebeau, thank you very much. the breaking news, ken feinberg appointed by vw to dole out those claims. still to come on "power lunch," a bold sell call on the steel stocks. we'll speak with that analyst ahead. let's look at some of the big winners, yes, there are a few winners in the s&p right now. micron, we'll talk about that move in a second, fed ex, valero, and frontier communications they're up the most as most stocks are down. we are back right after this. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it u

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take a look at numbers on vw, the most egregious example. before the scandal, vw said or america said about two-thirds, more than two-thirds of the people had a favorable opinion. afterwards, less than a third of people had a favorable opinion. you know the companies take a stock hit also, you look at companies like gm which has done nothing forever. whole foods down 30% over the course of the year, chipotle down 30% in the last three months, these companies are taking a hit. deirdre: jeff, where are the consumer reports? where are groups of citizens who want to challenge these companies and hold them to their promises? >> well, you know, people have taken vw to court for example. there are a lot of class action lawsuits. company set aside over 7 billion dollars to make it right, and, you know, the city of new york half million-dollar settlement with whole foods. try to make that right. we're trying out there. deirdre: trying out there. which brands are most trustworthy? >> yeah, you know nielsen did a study, a survey, and the survey says, i

he is adays of running a red light and hitting a yellow vw beetle and the driver of that beat temperature was killed and the suspect is under arrest. matt keller will tell you how alcohol may have played into the investigation coming up at 6:30. >> check out this weather with treacherous conditions for drivers who dealt with scenes like this, the rain and, also, the wind moving across the bay area. our reporter is in novato for us where the weather now is bringing down trees. amy? >> it is very windy up here in marin county. not a big surprise to see this. a big tree came crashing down in novato and this call came in at 3:24 and they have been working on moving the tree an hour and a half and it is still here. that gives an idea how big it was blocking hill road and crews are just now saying they think they have another hour, or two, out here. until it is cleared and opened back up. no one was hurt is the good news when it came down the it is very windy in marin county. we have driven throughout the another bay this morning, making our way through several highways to here in novato and th

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in the case of some of these pretty blatant, for example, vw.e shrug line or tag line or audi? truth in engineering. liz: oy. >> turns out engineers were the ones at fault. the impact to this. take a look what it has done to say people's attitude about wv, for example? before the scandal, 2/3 of america had favorable view. after the scandal, less than a third. vw did at mitt to wrongdoing. whole foods has not for its part. put the quote from their statement yesterday. they said there was no evidence of systemic or intentional misconduct by anyone in northeast region anywhere in the rest of the country. they had $800,000 settlement in state of california over similar problem. it has hurt the stock. chipolte one example, down 30% in the last three months. i want to leave you something positive if i can. that is nielsen, did a study of merge's most trusted brands. what do you think? what would be your most trusted brand, liz? liz: oh, i like bandaid. oh, dawn, dawn dishwashing is my kind of dishwashing -- >> survey says. and yes, you are correct. l

this kara cording to the driver in the other car that was hit, he is driving a vw gulf. he said somebody hit me from behind, this appears to be a chevy impala that went out of control and when he says he hit him from behind the damage on the vw golf is on the driver's side, so this driver was in the one of the left lanes, he was left of that vw golf and still out of control, spinning and went off the road and flipped over in the marsh area and ended up, upside down and killed here. that is why we have a fatal scene and reason all four lanes were shut down for 20 minutes was that state police investigators recreating the scene here going back to the impact scene and taking lots of pictures. they will remove, both the car, once they get the the body out of there and you can see this crew here with the flatbed and tow truck they will use a wench and this cable they will pull it out of there and put it on the flood bed. it looks like 95 will be affected for a while because these days are still waiting to do their job once they get the the okay but they have not gotten the th

. >>> an admission from vw what scandal. you drive with uber to make money for the things you want, and the things you need. for the places you want to be, and the people you want to be with. helping people get rides around your city is easy. just tap, and go. and only you decide when to call it a day. start making money for the things that matter to you. sign up now at >>> the red sox are taking new balances and -- balls and shattered bats. encouraging teams to do something after several fans were badly hurt. >>> and we are going to talk about madonna actually she was out -- well there you hear madonna in paris right now. she was singing -- she was a companied by just a guitarist john lennon. madonna had just wrapped up a concert, fans to meet her in the famous paris square. >>> red sox are taking new steps to protect fans from foul balled and shattered bats encouraging teams to do something. the sox say the plan to extend the netting behind the home plate, one victim who was hit and badly hurt says it's about time. >> all

vw take center stage. has his first news conference since the scandal broke.g, this is bloomberg television. tom:

for example, vw, before the scandal, 2/3 of america had a favorable view of vw.e stocks have taken a hit too. vw is down. whole foods is down. chipolte down 30% in the last three months alone. i leave you perhaps though, with more positive news. who does america trust when it comes to brands? well, would it surprise you to know, bandaids are the most trusted brand. bandaid bandages. neospore ren anti-septic. ziploc food bags and dawn dish shope soap. those are the most trusted brands in america. neil: dawn dish soap. i could see that. hang around, buddy. i'm bringing lizzie macdonald back into the mix trying to bring back trust after you lost it. jeff had a good run down of those. you can win loyalty but it is tough. >> it is really tough. i think the brands of companies that do it success fully, ones that say immediately, we caught the problem, we're on it and fixing it and put the ceo out in front. you saw that, for example, with johnson & johnson 1982 tylenol crisis. neil: that wasn't his doing. someone tampered with those bottles. >> you see it in 2010 with j

vw takes center stage.t to hold his news conference since the emissions rigging scandal broke. .ight 7:30 in london. cash open. before here's caroline hyde. caroline: the reserve bank of new zealand has cut the cash rate to a record low at 2.5%. still bank says it's fourth class rate should be enough. the kiwi dollar jumped at the news. the aussie dollar surged after jobs data beat expectations. officials say more than 71,000 people found work in november. economists say they expected a drop of 10,000. rand plungedican after the south african president fired the finance minister yesterday. the outgoing minister clashed with government colleagues as the pay increase for workers and a proposal to build the nuclear power industry. the london financial industry fell about one third in november. that is according to a survey. banks from credit suisse are cutting themselves in london. guy? guy: thank you very much indeed, caroline hyde. us --s fair value tell what does their value tell us? all of the things you n

it includes skoda, al did, and vw. -- audi and vw. sales in the u.s. plunged by 25% in november.expected contraction in u.s. manufacturing as the fed meeting is coming up on the 16th of the month. meanwhile, chicago fed president said he would prefer high inflation before rates are lifted. off its morning session and tokyo, just a general flavor of what is happening out there. the general flavor as we head into midday, a little confused. the nikkei is lackluster. take a look at shanghai. we were down half an hour ago or 15 minutes ago. now up by almost 1%. hang seng coming off those session moses well. we did get a sense that perhaps the ramp up in some of those sectors in shanghai, property, industrial, may have been overdone and may require more easing from the pboc. volumes are still very low, 30% below the trading average. trade in the mainland markets. i want to talk about the worst performers in china, industrials and property developers, but also a number of environmental related companies trading down. industrial production, innovation, environmentally friendly technologi

next one vw, emissions regular intlaitor long before volkswagen . said it wasn't relevant to emissions. latest cyber threat. online records is helping deed fraud reach epidemic levels in manhattan and becoming also more common a deed to a property that you own, fraudulent activity and that's a whole other nightmare. >> nicole: indeed. this morning there's outrage of the short list, the leader of isis. they have made their pick. >> we are trying to run a people's campaign, we don't have a super pac, we don't want money from billionaires and millionaire. >> nicole: bernie sanders was the time reader's top pick. we will have the others on the short list. remain perfect on the season. in baseball, yankees have made a trade, find out who goes where, see all the highlights in sports. it's all coming up next. dow jones futures down 2. s&p down 2 and nasdaq down 10. you're watching fbn:am, first look at morning markets and breaks. ♪ ♪ but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the inf

vw's market share narrows to 24.5% from 26.8%.ng the struggles vw is having to try and retain market share in the wake of that emissions scandal that hit the business back in september. 4.2%wagen managed to gain in terms of its growth rate. that was less than one third of the industrywide increase. manus: that is beginning to nibble away at them. a quick line. metro is the german retailer, full-year earnings beat estimates. full-year 2016 profits up slightly. that is a bit of guidance from them. let's can your bloomberg's first word news. the iron ore collapse has put some producers to the brink of the survival. saysinto's chief executive many hanging on by finger nails. fell lastter aaron or week -- after i and or fell last week. >> they are still living in fantasyland. it won't physically work. $30, a need to take five dollars from still you. $15 from brazil. you're talking about a price from 25 -- of $25 from australia. there is a lot of high-cost producers. it is not sustainable. it is fantasyland at that level. anna: australi

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an inside swiped the whole driver side of the vw golf. i am pal will a went out of control, flipped over at least once, maybe several times, because he was in the left lanes of i9 five ended up past lanes off the shoulder and then well into the the marshes off i-95 and upside down and a fatal accident there we don't know for sure that it was fog caused or fog-related but vw golf driver told us he was taking it easy driving smartly on i-95. even going the speed limit we saw people going eight 590 miles an hour. you do not see what is in front of you or on top of it. chances are, this driver of the fatal car going too fast didn't see vw golf until it was too late an inside swiped that and went out of control. folks are, be careful, a guy before bridge street fixing a flat tire that people were narrowly missing. this guy could have gotten killed fixing a flat tire. if you have a flat tire drive with the flat, ruin the wheel rather than wrecking and killing yourself by trying to fix the tire on a road like i-95 in thick, dense fog just like t

quiet - let's move ahead in time by taking a look at the midwest surface mapa&- moving into a closer vw with our 'predictor' forecast we see mainly quiet conditions today with rain moving in overnight- tonight't'forecast features cloudy s ses & mild temperatures & s s. showers- our 7 day forecast does bring you can expect a rare sight in the sky this christmas. christmas.nasa says the last full moon of the year will appear on christmas day.its peak should occur just after five a-m central time.a full moon hasn't appeared on christmas day since 19-77.it won't happen again for another 19-years. still ahead on the cbs 2 news at noon - why there's more bad news today for one of america's favorite spots to get a burrito. heart disease. asthma. diabetes. 7 out of 10 americans take prescription drugs. but in the last 7 years hillary's going to take on the drug companies. require medicare to negotiate lower drug prices. let people buy their prescription drugs from countries like canada at half the price. and cap monthly prescription costs for every american. the drug companies have been over ch

. >>> we're learning more about the vw emissions cheating scandal. a company says a small group of workers began developing a software to cheat the system ten years ago. the chairman of the automaker says a whole chain of mistakes brought the company to where it is today. vw will be road testing all vehicle emissions with results verified by a third party. volkswagon admitted on cheating using software installed in 11 million cars. >>> are you planning to fly this holiday season? as always, get ready for crowds at the airport, but maybe more so than usual. experts say airline travel will be even busier this winter than it was last year. the industry group airlines for america says u.s. carriers expected to fly just over 38 million passengers worldwide from mid-december to the beginning of january, and that's up 3% from last year. the group says airlines will use larger planes to meet that demand. and the holidays are just a few weeks away, sure doesn't feel like it, though, outside. >> we're inching closer and closer to record warmth as the weekend a

vw of america sales dropped 20% in november.hey are offering large models.s on and shares were lower in the german trade. -- according to nikkei, nissan wants to weaken the french government's influence over the alliance. nissan is saying its board has taken up a number of issues, including a deal with renault. and sandwich chain jimmie johnson up the going public. the ceo says he spent two years speaking to bankers and they are not ready. you can always get more business news at bloomberg.com. mark, i know that you have big across the u.k., and that is stress test results. big: a big day for banks, a day for lenders. check out the chart. interestingly, standard dip right at the close. shares were up 8%, finished down. these twopanies -- companies were most at risk. they are off the hook on raising additional cash from investors. stephen morris joins us now. what does that tell us, the fact ast standard was up as much 2.8% and finished slightly lower? the others did rise on the day? guest: obviously it is a big relief rally as t

betty: still to come, we have an interview with the vw ceo in the wake of the massive in missions -- emissions scandal. and glencore. coming up on "bloomberg markets." ♪ mark: welcome back to "bloomberg york and live from new london. ."is is "the european close markets closed ever so slightly lower -- betty: i was so wrong. mark: time for the betty: battle of the charts. time for the bloomberg business flash. first time unemployment benefits ms ofd last week, clai 15%. even with the increase, applications are holding to the lowest level in 40 years. and shoppers will be paying with .heir smartphones the retailer will offer these service at its headquarters in arkansas. an international rollout is next year. that could make walmart arrival to apple pay another digital wallet apps. and automakers are required to report to tell the, injury, and warranty repairs. chrysler says it is revising procedures to make sure it is in complaints. you can always get more business news at bloomberg.com. staying on auto news, volkswagen revealing details on its massive issions scandal. the ceo spoke e

believe they deserve some form of compensation, keep in mind there are a number of dealers not only vw dealers but also used car and independent dealers who are saying, wait a second, i'm sitting on a diesel model that i can't sell? i deserve some compensation as well and, again, we're waiting to hear full details on how this program will be set up. guys. >> all right. phil lebeau, thank you very much. he has this down to a science, ken feinberg does, the ignition switch project, the bp coil, the bernie madoff fund and volkswagen fund. >> the dow now down up to lows of the session for the day, down 201 points, that's a key level for the s&p at 2048 which we will talk about in a few minutes. >>> more big names coming up from the yale ceo summit with kelly, we have the ceo of fannie mae, also noted short seller jim chanos both weighing in on the game changing potential of a rising rate environment. >>> apple moments a long time executive to the c suite, jon fortt has that story and the impact on the company when when come back. e come back. dow coming off the lows now down 170 points at

. >> stunning numbers from vw. an interesting number all through the day. phil, thank you for that. phil lebeau in chicago. >>> next up, a record day for on-line shopping. adobe is now projecting that cyber monday sales just shy of $3 billion. that's up 12% year-on-year making it the largest on-line sales day in 2015. wal-mart says 70% now of its on-line traffic coming from smartphones and tablets. meantime, am sflons the record weekend for its devices, sales up more than three times year-on-year. however, according to idc worldwide, tablet sales are down over 8% versus 2014. the category has been troubled of late. pretty encouraging news on cyber monday overall. >> it is. i think it's more encouraging that it might seem on its face, of course, yesterday we had the ceo of fanatics, the sports retailer, saying that his audience over indexes toward mobile, more than 60% of buyers there were on mobile devices. the retailer that is are able to figure that out and get a bigger basket, a bigger share of wallet from that growth consumer on mobile is doing better than that 12%. i also think

saudi has appointed the vw ceo as it's chairman.y revealed the three liter v-6 diesel engine was fitted with rigging software. vw is willing to start selling it's assets should it be unable to repay a loan of up to $20 billion. they're set to fork out billions of euro zone fines, lawsuits and repairs after it emerged the rigged emissions tests. u.s. new registrations have fallen 20% on the year. >> well, honda and takata reached a settlement. it's been rejected by a u.s. judge as well. 1900 honda vehicles have been recalled since the scandal erupted in 2008. >> with the slow down in chinese growth sales in one of the largest car markets started to falter. eunice headed to find out how it's impacting china's dealerships. >> she's on the front line in the battle for car buyers. at her dealership the 25-year-old sales agent is under pressure to move 12 cars by the end of the year. it's very difficult for us to sale cars. in the past customers would always come after us but now we have to chase the customers. she competes in the world's

he then reportedly hit several other cars before running a red light and crashing into a vw beetle. the driver of the vw was killed. >>> a woman due in court today after police say she intentionally plowed her car into crowds of pedestrians along the vegas strip. one person was killed, more than 30 others injured on sunday night. lakisha holloway faces murder and several other charges. >> we will also be filing additional charges as the information comes to us. >> they are trying to determine motive and waiting on results from toxicology tests. a few years ago she was apparently praised for her progress in an oregon program that helps at-risk youth with education and job training. >>> well, the state is reporting on the feds and it doesn't look good. solano state prison hasn't been providing adequate healthcare despite a decade of federal control. that's according to a new report. the state inspectors general describes unsanitary conditions, repeated lapses in patient care and poor recordkeeping at the prison. the facility in vacaville houses more than 3800 inmates. the inspector-ge

we were able to talk to the driver who is very upset but he is in his vw gulf. he had has damage on the rear end all the way to the front end. he a said somebody hit me from behind in the thick fog just past 3:00 o'clock and then that car went out of control and flipped over and then went into the marshy area which we will walk back to our viewers just joining us, we will walk and show you this car that is all the way in the chevy impala here in the marshy area as people try to get them to go out of the scene here. so, is there the upside down car for you people just watching us, abe we will let you know when lanes open. i'll tweet it right away. right now all four lanes southbound on i9 are shut down. sue, chris, lauren? >> thanks, steve. >>> fog is causing restrictions throughout the the a area this morning. it is bad out there, folks so you have to leave very early. latest is on the new jersey turnpike in both directions from 195 to the delaware memorial bridge, 45 miles an hour speed limit on the turnpike in new jersey. travel times as we take a a look, stil

vw says it's not on the agenda.nwhile, vw is expected to release results from it's missions probe on thursday. shares in the company currently off by 1.8% in german trade. >>> renault is drafting a proposal to reduce its power over nissan in the future in a move that could put it on a collision course with the french government. so the two car makers and the french states have been in a power struggle since economy minister used public cash to increase its stake. this would end the tieup if the french government holds too much sway and influence. the standoff is set to come to a head this friday when renault's board is supposed to decide on a response to the french government. checking in on renault's shares, we are up close to 2%. >> the french shipping company cma cgm has $1.61 billion. the privately held firm is an investment company 67% stake. the deal values it at $2.4 billion. nol shares have risen by more than 45% this year. they're up 1.6% to date. >>> there is an uneasy calm in financial markets according t

there is more trouble ahead and we will have the latest on vw. ♪ back.welcome we are to live from londonnew york. this is the european close. european stocks today, becky, added 253 billion euros of value. i will not neglect to type that before today, 600 billion euros of value with top european equity, so we have almost clear that path. betty: almost. try tocertainly going to fall back as well from our losses and quite a rally today based on the fed's move tomorrow. have a lot of corporate news going on, so it is time for the bloomberg business flash for some of the biggest business stories. homebuilders are growing less confident about prospects. the national association of home builders fell for the second month in a row. they had hit a 10 month high in october. they're concerned about the rising cost of labor. calls tohas rejected break up. they decided to keep the semiconductor and technology licensing arms together following a strategic review. shares of qualcomm has fallen 37% this year. radio star howard stern is staying with serious xm. he said today on his show that he has sign

crashing into a yellow vw beetle. >> that causeed the folks to be pushed northward. the suspect vehicle impacted directly with the driver's side door and we believe that killed the diver of the volkswagen. >> reporter: the suspect's car was disabled after it hit another car at another intersection. he was booked for felony drunk driving, hit and run and two warrants. amazingly no one else was injured. seven cars wrecked in total, but the most heartbreaking damage was done to the family and friends of the victim killed by an alleged drunk driver. this has been a deadly year on san jose roads. this one makes it 56 people who have been hit and killed in traffic collisions this year. reporting live in san jose, matt keller, abc 7 news. >> thank you matt. >>> happening now, police are investigating the death of a man at golden gate park. 53-year-old ronald hanson was found monday afternoon at lincoln way and third avenue. a passerby found his body. police confirmed he was shot to death but haven't released any other details about what may have happened. >>> san jose polic

this crash happened just after 8:00 this morning on the vw parkway in maryland. 65-year-old of centreville died at the scene. he was taken to shock trauma in serious condition known as the passengers and they were not hurt. >>> mother nature packing the wall up on the midsection this weekend. at least 11 people have died as tornadoes and heavy rain swept through the dallas texas area. search and rescue teams spent the day looking for victims. hundreds of homes were damaged as well. in the meantime heavy snow blanketed the texas panhandle, causing hazardous road conditions stranding drivers. they're being urged to stay off the road as they were shut down all the way to new mexico. >>> snow drifted as high as 10 feet tall and reported on some of those roads. while the weather around here, they believe that it will be great with some rain that could be headed our way. howard has your full forecast when we ♪ who's the rebel now? no way. yes way! savor an egg mcmuffin any time you like. a fresh cracked egg, melty cheese, canadian bacon and an english muffin with real

a second default for vw. marking world aids day, an update on the fight against miv is coming up in the next hour. >>> when we hear about climate change we think about polar bears stranded on iceburgs. one less seen is more in the oceans. in america tonight lisa has found it is threaten in the pacific e >>> this is where we grow under controlled condition our lavae >> reporter: this man over sees what may be the world's most prolific nursery. on any given day hundreds of millions of sea creatures begin life under his watchful eye. 20 million larvae per tank? <> reporter: he raises i sisters for the tailor shell fish company. it is the largest producer of shell fish in the united states. processing some 16 million oysteres evidence year. they begin life in tanks filled with sea water. the larvae so small they can only be seen by a microscope. they have little shells on them already when they leave here >>> yeah. >> reporter: now

vw's chairman and ceo have been seeking about the scandal at a press briefing. a small it looks as if group of employees were responsible for rigging 11 million diesel vehicles to cheat on commission tests. they say the investigation -- on a mission -- on emission tests. they say the investigation could still take months. reporter: volkswagen's ceo and chairman provided updates into how thestigation of carmaker rigged 11 million vehicles to cheat emissions tests. chain ofted to a c -- mistakes. >> individual misconduct and neglect by employees in an individual segment of our company. weak points in some of our processes. thattitude in some area the company could tolerate a violation of rules. the chairman says that the scandal began in 2005, when engineers were unable to find a technical solution for strict u.s. regulations within the allotted time and budget. so far, the investigation shows no board members were directly involved. more than 1500 laptops, phones, and other devices belonging to close to 400 workers have been confiscated. >> i'm not saying that al

the man driving that vw died. he was arrested for felony drunk driving, hit and run and two previous warrants. >>> and strange sights set social media abuzz. what is it? >>> a grieving widow gets answers after her husband died at a postal facility in the bay area. >>> and google's bizarre high-tech take on a santa sleigh. >>> misty skies in a few spots as we await the next storm arriving for christmas eve bringing rain and a chance of snow to parts of the bay area. we'll talk about that when we come back. >>> did you see it in the sky and what was it? a mysterious streak lighting up parts of the west coast from las vegas to sacramento to the bay area and down in l.a. the u.s. defense department confirming late tonight it's debris from a russian rocket that reentered the atmosphere somewhere above arizona. vanderberg air force base had been tracking the rocket. >>> nasa's mission to mars is delayed. the program is suspended for at least two years. it is not launching the aviation as originally planned because of an

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. >>> that crash happened on the vw parkway just after 8:00 this morning. 55-year-old of centreville died at the scene. he was taken in to shock trauma in serious condition. none of the 18 megabus passengers were hurt. >>> family and friends of the chicago woman who was accidentally shot and killed by police held a vigil today to remember the mother of five and to call for answers. police are releasing no new details about the shooting, which left 55-year-old betty jones and 19-year-old laguerrer dead. jones was accidentally shot and killed by police officers while responding to a domestic disturbance. in that apartment the father had called police about their son. while today their family called for answers and for calm. right now, i know that this is a difficult time that we need to get past in our city. that we need to show the families a lot of compassion. not the time for -- not the time for hatred or violence, but time for compliance. >> and what they show with that, why do you need to shoot somebody and ask questions later? it's ridiculous. somebody needs to do something about

two men in the vw were kid. eight students and one adult on the bus suffered non life threatening injuries. police are searching for a driver who abandoned a car after crashing it into a store. the car crashed into a building in west brighton. the driver took off on foot after the crash. apartments above the store were evacuated for several hours. one resident who was home at the time described the crash. >> all i hear is like a boom, like the whole floor shake. and i was like, what happened? then i hear that screeching. i tell my mom, and my little brother, they all got scared. >> it's not clear if the driver was injured in the crash. residents above the store are back home. >>> did the chicago police department mishandle their investigation into that racially charged deadly police shooting of a black teenager? tonight that city's top congress, a veteran of the newark and new york police department, fired, amid growing questions about this case. photos from inside a burger king obtained by abc news show an offi

they were seen driving a four door silver vw jetta.olice were able to come up with this composite sketch of one of the thieves. cops say the group hit multiple towns in delco and also in new castle, delaware. so there's a warning for area residents now. >> we want them to take all the precautions. you know, locking doors, keeping garage doors down. and being vigilant. >> fortunately, none of the victims has encounter the the thieves. the thieves who have ransacked many of the homes in search of valuables and now those thieves have guns so police are telling residents to be extra vigilant and on the look out for anything strange in their neighborhood. for now we're live in bethel township, joanne pileggi fox 29 news. back to you dawn. >> thank you joanne. >>> with temperatures falling police need your help finding an elderly man whose been missing for more than 12 hours now. west town east goshen regional police say 86-year-old man left his home around 10:00 this morning heading to a doctor's appointment. he never showed up. he was last

. >> the driver of the vw was kill is described as a man about 30 years old. the hit-and-run driver, 19, was taken to the hospital he was intoxicated and is on the way to jail and backed on felony d.u.i. more charges including vehicular manslaughter and multiple hit-and-run charges could be added. this area is closed at singleton and the vehicles involved have been towed and they will open that shortly. this is the 56th fatal traffic accident here in san jose this year. >> thank you, matt. >> now, the roads in san jose may is led to a crash. a car belonging to a private security company ended up in a dish at highway 87 and highway 101. the driver got out okay. >> in marin county, crews cleared away a tree that fell on the electric lines. the power was knocked out to two dozen pg&e customers in kentfield and pg&e expects to see more of this administration the ground is saturated and trees are uprooted. >> a tough day for travelers yesterday, but is far so good at san francisco international airport. 8 threats were canceled yesterday due to weather and most them

witnesses described the car as a black four-door sedan, possibly a vw passat. the car struck a man at mission and 26th streets last friday and then took off. the man later died at san francisco general hospital. >>> well, friends and family are in mourning after he was hit and killed by a truck while crossing the street. ernie glave had been in the jewelry business for 45 years. he was a world war ii veteran and a leader of veteran's events. some say they were deeply saddened by his passing. hi can't believe he's gone. i used to see him every day when i would come to the office. he always in a good mood. >> blade was hit in san jose. police say the truck's driver stopped and is cooperating with investigators. the death is the 57th traffic fatality in san jose this year. that is the highest number in the past 20 years. >>> time now is 4:34. you only have a four more -- a few more hours to get that last-minute shopping for christmas gifts which could make you a target for thieves. ktvu has more on what police say you should not do if you are buying presents in th

only vw turned in a bad month, down 25%. hurt no doubt by the scandal involving the diesel models designed to cheat emissions tests. overall, record sales, lower gasoline prices help and improving jobs market given consumers confidence to replace their cars that they may have kept longer because of the great recession. let me tell you about the new rules designed to make it harder steal your money. the ftc now banned three different ways of making payments to all telemarketers. not just the fraudulent ones. no longer use western union or money gram methods of transferring funds. no more reload car cards like money pack or reloaded, and no longer allowed to give any telemarketer the numbers at the bottom of your person checks so that they can make a money transfer. as one official said, con artists like payments that are tough to trace, and hard for people to reverse. so these new ftc rules prohibit all of that. and, i don't know why you'd give your mown to a stranger calling you in the first place. some people do that, i gue

. >> the driver of the vw was kill is described as a man about 30 years old.hit-and-run driver, 19, was taken to the hospital he was intoxicated and is on the way to jail and backed on felony d.u.i. more charges including vehicular manslaughter and multiple hit-and-run charges could be added. this area is closed at singleton and the vehicles involved have been towed and they will open that shortly. this is the 56th

they don't just become percentages, they become real human faces and when you deal om that point of vw, then you go to the point, okay, the gaga needs to be changed, how can we do that to make it safer. we offer up a possibly solution or something that's going to take a myriad of changes. technique. they don't believe tackling technique and i don't think anybody in the game, pros think taught. and that was a groundbreakiki technique developed out in california and it was the nfl taking on that they also believe in and are promoting. that's one facet, but it's going to take a whole mindset that we love the game. is game is for the players, it's something that people forget. i think that's so important. most of these people playing football are 18 and under and the guys in college arar also collegiate athletes and we're trying to give them a great experience too. that's the first and foremost they're playing. in the pros, it's a completely different thing, but it's a population. this is a game that's supposed to teach young men to grow d have life skills and it needsto effective way. eve

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