northbound vw at 32. disabled vehicle there blocking the left lane if you are traveling to bwi, headed northbound, that could slow you down a bit. as far as travel times, 270 is looking good. no major problems in the inner loop or outer loop. 95 northbound in virginia, look at that. that looks good for a weekday. lots of people probably off this morning and that is enjoyable for those of us who have to work. listen to wcop 103.5 fm when you hop in your car this morning. good morning, chuck. >> good morning, melissa. cloudy and humid start to the day. if you haven't poked your head outside, know it's going to be the worst of all days today. it is going to be super humid al the outline, very low visibility. low clouds, fog and pockets of light rain across the area. 76 degrees at national airport. cooler in the shenandoah valley where temperatures are in the upper 60s to 70s. most of the d.c., metro area stuck in the fog and drizzle. temperatures won't move much today. 92 yesterday on the fourth. today, pock

now vw has pushed aside mercedes. with body dos -- adidas will continue, with the price rising to 50 million euros. vw was already the main sponsor of the german cup. that ties into why the figures have become so inflated. right now, there are different sponsors for the german cup and national team games, but soon one sponsor will be charged for everything. the current contract expires at the end of next year, so the germans will still be sporting the mercedes logo in russia at the world cup. then it is vw's turn. daniel: i will be passing the ball over to sarah now. sarah: thank you. euro 2017 kicking off on sunday for the women, with the netherlands and norway. germany hoping to defend the title. if they do, they will receive a record of 37,500 euros per player. it sounds like a lot, but still nine times less than the men's team. yet, it is worlds better than the set of coffee cuts -- cups they won in 1989. things are changing in the world of women's football. correspondent: and then i think 50's and 60's, g german

and, after "emmissionsgate" is a new scandal brewing or vw?so this time it's not alone, all the main german car—makers are accused of having operated a cartel. but did they? welcome to world business report. i'm rachel horne. also in the programme: will nintendo continue its comeback? sharanjit will tell us what to expect from the gamemaker‘s upcoming results. but first, later this morning the uk will unveil its latest growth numbers for the three months to the end ofjune. earlier this week, the international monetary fund warned that weaker economic activity means both the us and uk will expand more slowly than expected this year. however, in the numbers due out this morning, economists are expecting the uk's growth rate will have risen slightly in the last three months to 0.3%. following the brexit vote, the pound fell. this put pressure on prices — last month inflation stayed above the bank of england's 2% target rate. and higher prices, partly from imported goods, are having an impact on consumer spending. according to visa, household expe

and vw are still trying to come out on the other side of that.et to be seen whether the same reputational damage will happen. it is seen as the new norm, isn't it? it isn't the one naughty boy in the classroom. they are fiddung boy in the classroom. they are fiddling with emissions and everything will be ok. another death kneu everything will be ok. another death knell for the diesel. the times, rip—off fees for using credit cards to be banned. in the uk if you use a credit card to pay for something you are slapped with an extra charge. this was always the case, it would be said "yes, it cost the company that you are using a credit card with more to bank with them" and yet it is not the case any more. that is what has been brought to attention. you go to the retailer to use your credit card, or online, where the issues come in, and they say we are charged for you to pay with your credit card, when we bank it we will pass it on to you. that doesn't necessarily happen any more. retailers and other companies are passing that charge on to customers. t

it seems like there's something deeply wrong at vw.the reading of the admissions system so that these cars have to be recalled and set up again. there is something deeply wrong and i'm not sure what it is but corrections will have to be made at vw. this ongoing process sounds the deathknell for diesel and the uk government this week said they would ban diesel and petrol cars by 2040 and norway is doing it by 2025. yesterday i picked up my carfrom and norway is doing it by 2025. yesterday i picked up my car from a local mechanic, he said i've got a new carfor local mechanic, he said i've got a new car for you and don't worry, it won't be diesel. i've got one, we we re won't be diesel. i've got one, we were told to buy them! sky, the boss is still making quite a bit of money, but the company facing a fair bit of competition. it depends what you think about £ii.5 bit of competition. it depends what you think about £11.5 million! nothing compares 2 u a porsche cheyenne! —— nothing compared to. they decided to sell down some shares, worth a

outer loop before vw parkway, a vehicle blocking two lanes., the ramp to independence avenue slowing things as well. back to the beltway. allentown road, a crash there southbound 295 near malcolm x avenue a crash there, blocking the right lane as well. 66 and 95 looking fine. northbound 95 as you approach quantico, you can see the slow down there. where we have rain across the area now. travel times coming up. >>> we are following breaking news concerning a new york city police officer. >> she was shot in the bronx. adam tuss is live at the live desk with the latest. >> unfortunately, we learned she died. this is video of the scene of she was shot. she was a 12-year veteran of the force. the suspect is alexander bonds of the bronx. police held a press conference overnight explaining how the officer was shot. it is extremely disturbing. >> well, she was sitting in the vehicle and he came up and fired arounn i don't know if anything else could be more unprovoked than that. >> terrible story. the suspect was shot and killed. another person, a bys

in a statement, vw told us...usly, and you know, i think people should be... you know, really look at what volkswagen are doing here. you know, their sense of corporate social responsibility is neil. you know, it is extraordinary. -- nil. with 9000 deaths in the capital linked each year to pollution, the battle for the mayor is farfrom pollution, the battle for the mayor is far from over. pollution, the battle for the mayor is farfrom over. he is calling for the government to hold volkswagen to account and secure proper compensation. now it is time for the weather. good evening. we are going to try to bring a brief improvement to the start of this week, but it is not going to last. it hasn't been a washout weekend for everyone. north—west scotland and northern ireland fared quite well, with some sunny spells, and there is a gorgeous view from cornwall this afternoon. of course, not everybody had weather like that, and it is raining out there now across much of northern england, parts of the midlands, north wales.

on there right now, vw a dime letterface online.t now, vw a dime letter face accusations of running a cartel. the two firms have denied, that's volkswagen and daimler denied the allegations. this plays into the diesel emissions scandal. you can read more about that online. has nintendo made a comeback? it's just announced a return to profit on strong demand for its switch console. mariko 0i is in singapore. give us the numbers. well, rachel the company has managed to make about $115 million in the three months between april and june and as you mentioned the company's basically back in the black after losing money last year. it is still nothing compared to its heyday though. about a decade ago when its very popular wii console was turning consumers into gamers. the company has been betting on this new console, switch, which was launched in march. in the first month the company managed to sell about three million units worldwide which is about the same as its rival xbox as well as playstation 4 and the company hopes to sell ten millio

vw, bmw, audi and others have been cooperating for years.respondent: 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, brent and crude falling 3 percent. the countries made a p

story footprint as the vw story.saying this morning if daimler has to recall all of these vehicles, it is going to cost the maybe $500 million. it is not the billions and billions that volkswagen had to pay. we are looking at something that nearly -- does not have nearly the scope of the vw scandal. daimler has already voluntarily recalled 250,000 vehicles in germany. that was an agreement they made with the transport ministry. beis something that would worth watching, but it doesn't appear at this point to have anything like the level that -- of the vw scandal. matt: we have seen the shares recover from the dip at the open. is tos new news, daimler nine it is not that much money. chad thomas, thank you for your time. appreciate your reporting on this. he's german bureau chief. coming up, in the middle -- man in the middle. meets donaldron trump today before hosting a joint cabinet meeting with chancellor merkel. it will be three of them. can he bridge the growing transatlantic divide? we will discuss next. this is b

today dozens of vintage vw's roll into half moon bay. news reporter has a look at this pop-up car show that happened when they stopped for lunch. >> reporter: there are buses and bugs as far as the eye can see, stretched out along highway 101. >> this is the 19th year of the cruz and essentially they drive from the canadian border to the mexican border. >> reporter: it's a german word for gathering, in this case a gathingering of vintage vw's and people who love them. >> it snarls and barks a little bit but it sure is a lot of fun. >> reporter: some are restored originals. >> it's been in my husband's family about 25 years. >> i cut the top off and 30 inches out of the middle and brought it back together and welded it all back together. >> reporter: what do you call this design? >> the short bug. >> we took two costco tables and put a tiny mattress on top. >> he can't wait to drive it once he's old enough. >> i own a volkswagen bus. >> and how did that happen? >> my dad found it on a hippy ranch. >> there's something some of the owners s

northbound vw parkway,that has cleared. so has 50 at 197. aaron? >> melissa, thank you. >>> a sitcom from the '80s and '90s that some are doing in real life. the golden girls trend taking hold for older women. >>> also ahead at 5:00, a warning for a lot of you before you hit the road for work. why you may want to stay out of the left lane. >>> we continue to follow the latest developments out of north korea. take a look at this video just in out of the fios is not cable. and we believe everyone deserves faster internet. so with fios gigabit connection, you get amazing download speeds up to 940 megs 20 times faster than most people have. and it's just $79.99 a month online for the first year. switch to fios gigabit connection with tv and phone for $79.99 a month. plus hbo for one year and multi-room dvr service for two years. all with a 2-year agreement. and switching has never been easier. to help cover your early termination fee. go to fiosgigabit.com. ♪ ♪ the day's looking new and bright, ♪ ♪ and you're gonna start it right, ♪ ♪ the best part of

vw is now promising to refit 4 million cars, more than previously announced, in order to reduce harmfulmissions. >> the auto industry is a jojor turningg point. away from cars, and towards mobility. and we will continue to do everything we can to influence this transition and to win back the lost trust of our customers and citizens. the two sides will see each other again next week at an induststry government summit in berlin, where germany's major carmakers will have a lot of explaining to do. brent: it seems like this is a scandal that never stops is the german auto industry. is it out of control? >> it's fair to say the end isn't inside a at the moment. when the scandal first broke in 2015 it was only volkswagen that was involved, it seems on a monthly basis if not weekly we are learning about another carmaker, specifically under the vw group, which was involved, and that means that three years down the line they are still talking about it. that means that three years loan -- down the line as well, carmakers have continued to fit cars with ththis software devic, which means they have

and after "emmissionsgate" is a new scandal brewing for vw? if so this time it's not alone, all the main german car makers are accused of having operated a cartel. but did they? hello. thank you very much for being with us here on bbc news. just as president trump has been trying to improve relations with russia, the us house of representative has voted in new sanctions against moscow, and they've done so in a way which makes it very difficult for mr trump to do much about it. the sanctions target key russian officials in retaliation for interference in last year's us election and in eastern ukraine. they also target north korea and iran, as sarah corker reports. i, donald john trump do solemnly swear... throughout his first six months in office, president trump has been dogged by allegations that moscow interfered to help get him elected. this new bill is likely antagonise the kremlin and complicate mr trump's plans to improve relations with russia. on this vote, the yays are 419, the nays are three. these tougher sanctions passed overwhelmin

following an emergency board meeting, come after allegations in the german press that bmw, daimler and the vwemissions and other issues including pricing— claims they have dismissed as speculative. let's ta ke let's take a look at the markets. tokyo stocks and other markets in asia rose on thursday morning. that was back at optimism of the companies posting results better than expected. the dollar fell after federal reserve is kept interest rates on hold as expected but it has given expect is an appetite. the three main us markets moved higher as us stocks surged to a fresh record highs. the dow gaining almost half a percent, the most impressive, after boeing sought after a strong earnings report. you get in touch with me on twitter. we will be going to the papers injust with me on twitter. we will be going to the papers in just a with me on twitter. we will be going to the papers injust a moment. don't go away. new figures suggest there are inconsistencies in the way drug driving laws are being enforced in england and wales. her majesty's inspectorate of constabulary said data from a bbc inv

vw is expected to pay a total of $1.3 billion in fine for that scandal. >> tomorrow is a big day for tesla. coming up we'll talk with a car expert about what the event means for tesla. >> also ahead the 49ers will have new faces throughout the roster when the season begins later this year with the first practice set for tomorrow we thought it would be a good time to introduce you to the players fighting for the spot. that's coming up. >>> we are tracking the forecast which includes that heat inland. not just for today but for a couple to come. i'll talk more about that after the break. . >>> back to football around the country. the 49ers head coach talked to the media. he is here to introduce us to some of the new players and faces. >> it's hot, it's july, it must be football season. the players won't be on the field until tomorrow and they won't report today. the general manager and coach is very conscious offsetting a new tone on the team. all four past coaches count be different in their style. they have been introduced to their knew coaching staff. he has to bring order to a clim

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especially on the back of the vw emissions scandal and how diesel drivers could get punished, especiallyinue with those cars in big cities. the metro has the uk's first he had a jail but we don't think this is a very new story? -- jihadi jail. we have heard about it before but we understand it is the first one that people have been moved into, in the last week. they won't actually named the prisoners who have been moved in although it is understood that lee rigby‘s killer is among them and suggestions that others have gone in. the notion behind this is that you have a jail with those very extreme prisoners who are together so there is less chance of them radicalising other people. a prison within a prison, and this is in county durham. that's correct. suggestions, concerns from the prison officers association that it will make it like the situation in northern ireland, by segregating them, you glorify them to the other prisoners and it may backfire. we must tread carefully, we don't want that but it seems to make sense, if there is a danger of them radicalising others, to segregate them,

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ask from a company which has been a behemoth in the auto space why do you think this will happen >> vw is too big it's a company with more than 600,000 employees, more than 200 billion revenue, they've been moving from problem to problem, scandal after scandal. in order to protect the business, to be more flexible in funding, to be more flexible in m&a, different brands to react to the disruption in the market, i think volkswagen would be better set up with separate units that are being controlled by a holding company, that would make volkswagen quicker, more modern, and certainly a better company at a better structure for the future >> you have a buy rating on the stock, price target of 190 euros, would you still have a buy rating if the breakup doesn't go ahead >> i'm not sure the breakup will go ahead in six different parts. the company is reviewing the structure, whether they go for passenger car business, truck business, mobility business, that's a good thing. would i have a target of 190 without a breakup? yes. my equity story is based on the earnings potential that volkswagen ha

border down to the mexican border. >> reporter: it's a german word for gathering. >> i'm a confirmed vw nut, and i'm incurable. it's just the way it is. >> reporter: andrew's bus has nearly 500,000 miles on it. >> it's a lot of fun to drive. >> it's been in my husband's family for about 25 years. >> reporter: some are totally reimagined. >> i cut the top off and i cut 30 inches out of the middle and welded it back together. >> reporter: what do you call this design? >> the short bug. >> we just took two costco tables, set it up, and put a mattress on top. i'm 15 years old, and i own a volkswagen bus. >> reporter: how did that happen? >> my dad found it on a hippie rampbl ranch he grew up on. >> reporter: but some i say they love working on them. >> these are simple. if anything breaks, all you need is a hair pin and some duct tape. >> they were meant to be repaired by a german soldier in the field. so they're very user friendly. >> reporter: so whether for weekend getaways or week-long camping trips -- >> it's the only car that has the life span of infinity. >> reporter: it's still grow

border down to the mexican border. >> reporter: it's a german word for gathering. >> i'm a confirmed vw nut, and i'm incurable. it's just the way it is. >> reporter: andrew's bus has nearly 500,000 miles on it. >> it's a lot of fun to drive. >> it's been in my husband's family for about 25 years. >> reporter: some are totally reimagined. >> i cut the top off and i cut 30 inches out of the middle and welded it back together. >> reporter: what do you call this design? >> the short bug. >> we just took two costco tables, set it up, and put a mattress on top. i'm 15 years old, and i own a volkswagen bus. >> reporter: how did that happen? >> my dad found it on a hippie rampbl ranch he grew up on. >> reporter: but some i say they love working on them. >> these are simple. if anything breaks, all you need is a hair pin and some duct tape. >> they were meant to be repaired by a german soldier in the field. so they're very user friendly. >> reporter: so whether for weekend getaways or week-long camping trips -- >> it's the only car that has the life span of infinity. >> reporter: it's still grow

california's air resources board says the increase brings vw's total settlement in california to $1.3 billion. the automaker acknowledged rigging 11 million of its vehicles with software used to cheat on vehicle emissions tests. environmental regulators say some of the vw vehicles emitted up to 40 times the allowed levels of unhealthy nitrous oxide on the roads. >>> today some san mateo firefighters were deployed to the detwiler fire in the sierra. they will be teaming up with other units as well as a fleet of aircraft. tom vacar spent some time at santa rosa to look at the team effort. >> reporter: more than smarts. more than dead indication. more than courage. firefighters need stamina when they're sent out on huge fires. last week some santa rosa firefighters were deployed to another major fire. >> when i was there last weekend we were expecting temperatures upwards of 112 to 115 degrees on sunday. that's hot. >> reporter: because they are in full turnout gear the chance for life-threatening overheating is definitely present. >> crews are making sure that they're watching out for o

they say some of the vw vehicles emitted up to who time it is allowed levels of nitroxide. >>> the time is 5:40 legal recreational pot goes on sell january 1st nut san francisco, city leaders are talking about a marijuana moratorium. >> the push to stop more shops from opening. >>> and lincoln -- an apparent suicide. up next his battle with depression and substance abuse. . >> we're off to a good start mr. east bay commute. take a life look at the mcarthur maze around the corner to bay bridge. not bad here. we will tell you what the bay bridge is doing and how long you're likely to wait at the toll plaza. >> outside the doors this morning. i will have a look at what to expect for today and your bay area weekend coming up. summer things are heating up on the wta time to play when the us open series hits stanford... for the bank of the west classic, join the celebration of summer. where the action off the court, is just as hot as the action on it. july 31st through august 6th join us monday, july 31st for net generation kids' day. the ultimate family tennis experience! don't miss the wta

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vw down .5%. a little move. mrr on your dax. , red shoes on the bottom.out there, 230 pence, a hefty bit. the stock traded 227. the bid comes in from michael cores. stock trading just below the bid size, 800 96 million pounds. $1.2 billion. looking to buy the shoemaker, jimmy choo. the deal, $1.2 billion. i have been looking at recent fun acquisitions and know that jimmy choo floats in the middle of valuations. cass amigos tequila went for $1 billion. the shoes are worth slightly more. --ks about to copy going just a couple of interesting smaller mid-cap level. bikes,shoes, tequila, the way you role in this show? matt: don't use them altogether. something moret serious and close to home. the u.k. trade secretary acknowledged it would be a stretch for britain to negotiate a trading relationship with the eu by the time of their divorce in 2019. another sunday u.k. government will seek a post brexit transitional period, he said "it will be nice to think we could get a full trade agreement by march of 2019, but that would be an optimistic view of recent free-

vw parkway, 197 here this morning, a crash at this point. the left side of the roadway is blocked.t of yellow this morning showing us what we are seeing or starting to see a bit of a slowdown. westbound 50 at 197, a crash reported there. as we widen that, you can see the rain off to the west, looking, though, at the beltway. everything is actually looking good. we have a new problem in lauden county. we'll talk about that in a minute. >>> new developments from the korean peninsula. you are looking at new footage. north korea state broadcaster aired today. it shows the leader of north korea, kim jong-un inspecting a ballistic missile. we'll have some of those images for you in a few moments. we have the preparations for the launch. >>> we have adam t on what we have been watching overnight. hey, adam. >> the united nation's security council is set to hold a meeting on how to respond to this. look at this map. it shows north korea and alaska. north korea's latest missile launch was an itbm, as it's known, capable of reaching the united states and more specifically, alaska. here is an

find out just how far these vintage vws are going. that's coming up at half an hour on abc 7 news at 6:00. >>> finally tonight, a little boy from north bay received a second chance at life. >> one thing you can say, he is sure made the most of it. he received a liver transplant when he was only eight months oel old. today he's age 6. >> annual event began 20 years ago in partnership with donor network west to raise awareness ant organ donation. he traveled with his family from napa to open the game with a spirited shout. >> one, two, three. >> play ball. >> this is amazing. it's 20 years that the giants have been supporting donor network west. there's so many people that wouldn't be alive if not for them actively promoting people signing up. >> good stuff right there. the organization presented donate network west with a check for $10,000. that's courtesy giants community fund. >> great. world news tonight is next. >> thanks for joining us. we'll see you at 6:00. >>> tonight, president trump's sudden and controversial ban. the preside

. >> sacramento reports vw will spend $44 million over the next 30 months. agreement to spend $800 million in california as a penalty for its emissions cheating scandal. the company was caught using software to hide how much their cars were actually polluting. >>> a live look right now at the bay bridge toll plaza. you are okay this morning with a fast track but there are more and more commuters on the roads this morning earlier and yeearlr and the facts absolutely backing that up. new findings indicate that traffic volume in a commute direction on all bay area bridges has increased in the early morning hours. that means any time before 6:00 a.m. drivers we spoke with aren't surprised, especially those who have to drive further than that to go through the teeth of bay area traffic. >> and at the bay bridge in particular, during that -- the first of these three years, 4:00 traffic was up by 22% year to year, and then up another 11% from last year to this year. >> as for the reasons why people are leaving earlier, it may have to do with driving ahead of mornin

they may have been driving a white four-door vw passat. >>> a family is grieving tonight after a gas station attendant was shot and killed. mohammed ataie was working at a valero gas station when a man walked in looking for cigarettes. police say he was carrying a semiautomatic pistol and the two men struggled. the gunman pistol whipped ataie and he was shot twice in the back. his wife and children are devastated by the loss. >> i don't believe that he's gone. he left me here. he left me here alone. he didn't tell me he was leaving me. >> ataie leaves behind three children along with his wife. two of his kids are in college. they say for the past five years he worked nine hours a day to support them. the suspect escaped but had been shot by an officer and later died. >>> police in santa rosa are asking for the public's help to find a missing man considered at risk. 95-year-old albert vanderer suffers from dementia and may have been heading to the fairgrounds. he's white, 5'10", and weighs about 180 pounds. he was last seen wearing a blue shirt and jean and driving a white toyota. any

the suspects may have been driving a white four-door vw. if you have any information or if you have security camera video in the lafayette area, call lafayette police. >>> san francisco police found a fire drug that was a long way from where it belonged. it was reported stolen monday morning by the oxnard fire department in -- it was found abandoned on tennessee street near caesar chavez. no one was in the truck, police aren't sure how long it had been in san francisco. officials of oxnard are arranging to get their fire truck back now. they're relieved it had been found because they were worried somebody may try to use that fire truck to get into a secured location like a military base. >>> it's 4:08. we'll have more on that busy night for bay area firefighters. in a couple of minutes we're going to show you what firefighters did in one neighborhood in vallejo. >>> first, thousands gathered along the water front there in san francisco. why people say this fire work show was remarkable despite there being a lot of fog out there. >>> as you'

we have seen statements from vw in the wake of diesel problems. chinese company is not an accident. china has seen an enormous uptick in the number of electric vehicles in the past few yea rs. electric vehicles in the past few years. we have just been electric vehicles in the past few years. we havejust been hearing that sales fall to native engines still dwarfed by traditional engines. —— sales are still dwarfed. costs will be a factor but also charging facilities. there are systematic efforts going on by a number of countries and in the us individual states they will look to build the charging infrastructure. it is starting to pay off. we have seen the first million plug—in vehicles in the world sold by 2015 and the second this year. although it is and the second this year. although itis— and the second this year. although it is — you are right — a small percentage of worldwide sales, the marketplace is taking off, technology is getting better, the ride is longer, so it is going to be... it won't be tomorrow but it is going to continue to grow.

the other wipay for past and future costs of the vw investigation. this comes on top of the $15 billion volkswagen has already agreed to pay agencies and consumers. the company admitted rigging hundreds of thousands of cars to cheat california's air pollution regulations. >>> if you need a new wardrobe, listen up because next week, mcdonald's will be giving away a new limited edition clothing line that includes an adult sized big mac onesie. >> stop it. >> i'm not making it up. celebrating global delivery day on july 26th by giving customers from the mcdelivery collection. also includes world famous fries jogging suits and sandals. hamburger pillowcases. and a picnic blanket dotted with mcdonald's items. customers will be able to get the items for free while supplies last by ordering meals using the uber eats app. the cities, though, will only be unveiled on tuesday. so we don't know if reggie or mike will show up with a big mac onesie. we'll have to wait and see. >> i like the irony of a jogging suit that's about french fries. ain't no jogging going

and after "emmissionsgate" is a new scandal brewing for vw?

european commission has opened an investigation into vw audi porsche mercedes and b. w. w.. after a tipoff that the industry been running a cartel to discuss the pricing of new technology and components. shares dropped as much as five percent as the industry faces what could be another brewing scandal. memories of the emissions of cheating trauma still very fresh. allure for both consumers i think on those companies alike that we have in this doesn't turn into a similar mess absolutely kate thanks very much of a cat may do that with the business was taking a 07/24/17 07/24/17 [captioning made possible by democracy now!] amy: from pacifica, this is democracy nonow! >> we don't want you as our mayor of minneapolis anymore. your leadership has been very ineffective. amy: as protesters shout down the mayor of minneapolis following the recent fatal police shooting of an australian woman who called

the demand for oil is not going to be helped by big car companies like volvo and vw saying they are going try and get rid of their internal combustion engines and go electric. tesla today were unveiling their mass—market model. this is the big threat for oil. the electrification of transport. it is exciting because it is new technology and it is very good for the climate. but within that, you need to have low carbon fuels generating a lot of electricity. gas plays into that because it is a lot less carbon intensive than oil or coal. so when you look ahead as a transition fuel, gas has a big role to play. that is why it is so high on the agenda. trevor, good to talk to you. let's take a look at some of the other stories making the news... tobacco giant philip morris has been ordered to pay millions of dollars in legal fees after unsuccessfully suing the australian government over its plain—packaging law. in 2012, australia legislated that cigarettes must be sold in unappealing packets with graphic health warnings. the international permanent court of arbitration hasn't published the amount

if true, the reports would be a further blow to vw, which is trying to recover from its recent emissionse allegation is that since the 19905 they regularly held talks to agree cost5, either for pa rt5 talks to agree cost5, either for parts or talks to agree cost5, either for part5 orfor talks to agree cost5, either for parts or for technology. the news has rattled investors. when german media first published the reports, shares in volkswagen fell by 4.9% and shares in bmw and daimler dropped by more than 3%. the european commission and the german cartel office haven‘t yet launched an official probe but they are looking into the allegations. if true, this would open up a whole new chapter in the diesel emissions scandal. that‘5 chapter in the diesel emissions scandal. that‘s because engine exhaust technology was also allegedly involved in the cartel. volkswagen and other german brands are only now starting to recover from the emissions row. so another scandal would be a blow to the industry‘5 reputation. let‘5 cross over to the us now— earlier cnbc tweeted this: "trump to announce later t

jonathan: very quickly, whenever we hear emissions scandal's, we do think about vw.ot any idea the magnitude of this investigation or is it too early to make any conclusions? >> it is very early and very opaque but the implications can be huge. volkswagen, despite the scandal, is the world's largest automaker. they also own porsche and audi. jonathan: great to have you with us on the program. from detroit. up next on bloomberg daybreak, we are moments away from the trading week with the cash open right here in the united states. futures treading water. this is bloomberg. ♪ jonathan: from new york city to our viewers worldwide, this is bloomberg daybreak. moments away from the opening bell. .et's get you up to speed futures are negative on the s&p 500 by pretty much nothing. the dow by about eight points. a flat open, potentially, around the corner with 10 seconds to go. as you hear the opening bell in new york city we have a series of all-time highs just last week. we have another week of gains for a third straight week. even if we have a couple of days behind, this

they are going fully electric by 2019 and every single car, vw saying they can push in competitive markets. emily: interestingly, gene munster, who long covered apple says he thinks the model three big asmodel 3 will be as the iphone. he says that apple should buy tesla. take a listen. should buy tesla. elon musk probably is not going to let it happen, but that could transform apple. emily: alex, what do you make of it? alex: i think a lot of people would be impressed. apple has yet to make any advisable deals -- beats -- emily: which for them was a huge leap. of thehey love the idea visionary ceo. and of course, apple has a track .ecord of visionary ceo's the big question is about the fundamentals. apple is a company that does a 20% net margin. the margins for the automotive industry are dreadfully weak in comparison. be luxury carmakers do a 12% to 15% net margin on a good year and that's a big hurdle to bridge that. emily: carl, what will the biggest challenges before the model 3? >> i think getting the car out there at the rate he is talking about and finding that audience, we know he

they worked summers at the vw we. i think -- at wwe. i think stephanie worked as a receptionist and other areas. shane was on the road. he became a performer, did referee work. when he first started he was traveling in one of the crew one of the crew trucks taking down the rain and putting it up. is very first job was working in the warehouse where all the t-shirts and all that were stocked. he had to sweep floors and keep things clean and t-shirts folded. each of them really learned the business from the ground up. steve: early in your career, did your parents ever say, what kind of business model is this? linda: no, they were just very happy that we were happy and that we were growing. and i wentince bankrupt. it wasn't as a result of the banking and -- of the wrestling industry. it was a result of us investing with a couple of partners who turned out not to be quite what we thought. and were on some notes the only ones left holding the note. we try for a long time to pay it off, and finally we just couldn't do it anymore. we declared

yellow is tesla, oranges gm, blue is vw. in 2018, tesla is expected to take the lead into 2021. and finally let's take a look at the another big story on the day. inetheless a big spike yields are presented in red. areells us these bonds happening red across the world as we see more hawkish talk from the global central banks. funny: -- vonnie: now where the g-20 summit kicks off in the morning, though back channel talks have already begun, i'm sure. donald trump is expected to hold his first meeting with vladimir putin tomorrow. joining us now cannot live from hamburg germany is matt miller. done how much is typically in official g-20 spaces and how much is done in high laterals and behind-the-scenes talks? >> a lot of it is done in bilateral and behind-the-scenes talks that they then bring to the open meetings and put into the statement that they release. one of the interesting things about this year's statement in this could be one of the most turbulent meetings of global leaders we have seen in recent years is angela merkel will try to appease donald trump in one sense leavin

the report from a german magazine says bmw, vw, including audi and porsche and they learn mercedes discussarious technologies and pricing of components or german auto industry committees. the european highs data backs the 90s to determine whether they amount to antitrust violations. automakers have coordinated to limit the size of the tank with a solution of diesel emissions of harmful nature cannot decide. it freed up space in the vehicles according to a report, reuters reported monday the w. had a schedule of an extraordinary supervisor with to discuss the controversy. that's an interesting meeting. >> sam sun is now mature business. this is very interesting. americans with arthritis will now find relief from unexpected flair the pharmaceutical market according to reporting "the wall street journal," samsung best known for his smartphone television will make available lower right copy of johnson & johnson rheumatoid arthritis drugs remicade. it is beyond alike tronics and will be sold for about 35% cheaper than the list price. and as it expires, get into the business. a new report out ab

." >>> and we're tracking a road trip that's taking a parade of vintage vws from the you don't let anything keep you sidelined. that's why you drink ensure. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. we just want fast internet for one, simple rate. for all the streaming and the shopping and the newsing, but most of all... for the this. internet for one everyday simple price and no extra monthly fees. >>> live where you live. this is "abc7 news." >>> we've had a roller coaster ride, and knowing or not knowing are we going to be on the plane or not. >> a drama teacher at skyline high school has come to the rescue of her students on the eve of their trip to perform in scotland. the teacher and the principal are willing to take on the $24,000 that are still owed. >> they're committed, obviously. they've been fu

." >>> and we're tracking a road trip that's taking a parade of vintage vws from the >>> live where you live. this is "abc7 news." >>> we've had a roller coaster ride, and knowing or not knowing are we going to be on the plane or not. >> a drama teacher at skyline high school has come to the rescue of her students on the eve of their trip to perform in scotland. the teacher and the principal are willing to take on the $24,000 that are still owed. >> they're committed, obviously. they've been fund-raising, but as leslie brinkley explains, they haven't brought in enough to cover the costs. >> he was looking for you earlier. >> didn't find me. >> reporter: eight skyline high school students rehearsed on the shoreline of lake merritt today. tomorrow is the big day. they board a plane bound for london and perform at the american high school theater festival in scotland. >> oh, my gosh, the opportunity of a lifetime. >> reporter: fund-raising for the school netted the students $42,000. but they're still $24,000 short. they may be leaving tomorrow, but they're going to come home in debt. >> we

likes of lamborghini, bogati, porsche, and that would trade at a completely different multiple than the vw group today, maybe closer to ferrari. you could mass market this you could have a list of trucks. the volkswagen holding on top of it, and the porsche families that control volkswagen would merge their entity with volkswagen and invest in where they were originally worth >> there lies the tension as well you just came upon another issue where the families controlling volkswagen, porsche, got themselves in a bit of a pickle with some regulators sellers got themselves wrong on this one acouple of years ago as well. are those families willing to break up this enormous structure they created >> they have a current steak in the porsche holding company, and that's not liquid. i see only benefits, and the brands can continue to cooperate with each other, but you can really measure the management teams and give them stock in their own companies. >> we're looking for oem's that have a 21st century -- especially with great concerns about auto sales, especially in the united states. i saw some h

you can see some activity, mainly passing over 95, passing over parts of vw parkway continuing on intois is one area of ra right here that i'm looking at and then you look back to the west, broken line of rain, that's the severe thunderstorm warning as it continues to move towards the southeast. i see it fizzling out within the next couple of hours. still heavy rain around the first area i was talking about, impacting parts of savage maryland. good news there. and still seeing some light showers in parts of upper marl boro, those are slowly continuing to push out and, of course, it's all about the fireworks at the national mall tonight. here you can see in the clear there, kristin wright saying, on facebook, on twitter, the sunshine is back out, fireworks looking good and i do have to agree. take a look at the planner. 9:00, 82 degrees. isolated showers at that point. we'll see the activity fizzle out by 11:00 p.m. mild, 80 degrees. future weather starting off at 6:00, still tracking batches of rain, moving towards sun set, pretty much die out. here is 9:00, fireworks die, just about e

this one is from a 58 caddy 268 vw. claustrophobia. when you think about it, and makes perfect sense. i'm afraid of clusters of people. claustrophobia comes from a latin word that's. [inaudible] in a sense, claustrophobia is about fear of being locked into a small place but claustrophobia is your locked into a cluster of people and that makes sense to.o that's a great example of an egg corn.one beca this one, if you're a word nerd, you'll like this one because tho oxford, is a very controversial subject and people have had long lectures on oxford, and after hearing of several of these long lectures you fall into an oxford coma. so, i particularly appreciate this one. a french color. dunkin' donuts offers a french color and the actual their square and german. it comes from curled but the dunkin' donuts offers looks like tractor tires, i think. this is a french example of a french collar. [laughter] here is one that makes perfect nonsense. a courtesy call. this is mixes up several different worms like a courtesy call and a curtain call w