. >>> so you have the eggs, poultry, and vw. >>> we do. if you want help my city and you know desk i know you do, you go out and you buy a stockinette list because we are the only largest manufacturing home for vw. >>> what have you learned from that ecosystem. >>> first of all, it has been incredible having to deal with a german company and to spend so much time with them when i created the atlas to chattanooga. spending so much time learning about what was happening in germany negotiating that field was an extremely interesting and often difficult process. we have learned the importance of trade and things like that. we had previously been in the market for an audi car. but those cars get exported more often than things like the atlas. and because of our trade roles at the time, we really got knocked out fairly early from the audi process because the additional cost of trying to export that to south america made it unfeasible to build in chattanooga. so the amount and the attention that they paid to every single dollar to make sure that

when vw sells more atlases and chattanoogans have more jobs. it's easy for us. >> what can you tell others about how to learn from and benefit from massive and player if somebody is at your doorstep? >> i think for us it has been a change in our environment to figure out how do we work with someone who carries a pretty big stick now in pulling several thousand people. one line to give you an idea of when we did the atlas, the anticipation was that it would be 10,000 total jobs, roughly vw and then at another 8000 related including suppliers and everything else. so, for us we have to listen to them. by the same token, at least for me, chattanooga needs a vigorous economy. the city i grew up in was dying. it was a steel and foundry town that have become overly reliant on those issues. and so you have to definitely honor the big dogs that can't be your only animal. >> that is a tweet for axios. >> you need a whole bunch of people in your backyard and for us, i think a lot of what we've seen over the last several years is we need vw and we need to

. >> you have gigs, poultry and vw. >> we do. if you want to help my city, and a know that, you will go out this afternoon and you will buy a volkswagen. where the all u.s. manufacturing company for vw. >> how have they been as a neighbor and what if you learned from that big infusion into your local ecosystem? >> first of all it's just been incredible having to deal with a german company and to spend so much time with them when i recruited the atlas to chattanooga come spend so much time learning about what was happening in germany negotiating that deal was an extremely interesting and often difficult process. and we learn the importance of trade and things like that. we had previously been in the market for an audi car but those cars get exported more often than things like the atlas. and because of our trade rules at the time we really got knocked out fairly early from the audi process. because the additional cost of trying to export that to south america made it unfeasible to build in chattanooga. the amount, the attention th

you can see porsche is at the top of the list, and vw at 7.7%.are the parent company, like vw for example, what is the reaction function to potentially higher prices on supply and demand? from that perspective? kevin: part of that is to realize that you are talking about, especially with porsche, the ability to pass the increases on a little bit easier than you would for something like vw, or one of the volume brands, where the margins are very thin. vw moves to a full line manufacturing in the u.s., you can spur that to the consumer a little bit wider than you would in a volume brand. alix: is the demand going to be there? m, it will be at the higher end of the range. know, but again, some of those companies, especially the vw brand with atlas and pickup trucks and suvs trying to make gains in the united states, and if you increase the cost of those vehicles looking for a, that is where there will be a problem. alix: great stuff. thank you. now, what it all means for the broader markets has been a question we have been asking -- how do you hedge

the year the ad first appeared, vw sales spiked.ious convergence, that elusive jackpot of cool and timing hit big. ♪ >> just as the counterculture was starting to explode. >> you could feel like you were so different from your parents, with their loaded, oversized car, that you could feel free and independent and a little bit of a maverick by owning it, and yet, you could still be part of a massive community of people who felt exactly as you did. >> it is the extreme irony, really, that the car that was supposed to be the emblem of rebellion against the mass society came from the worst mass society of them all, the original totalitarian society. >> and they're not afraid of new ideas. >> vw didn't just transform their product, they sparked a revolution across the entire ad industry. >> you start seeing this idea of selling products not as a mode of conformity, but as a mode of resistance to the mass society. >> it was like our shackles had been taken off. we were free to do whatever we wanted. >> they would write articles in trade m

the year the ad first appeared, vw sales spiked.ious convergence, that elusive jackpot of cool and timing hit big. ♪ >> just as the counterculture was starting to explode. >> you could feel like you were so different from your parents, with their loaded, oversized car, that you could feel free and independent and a little bit of a maverick by owning it, and yet, you could still be part of a massive community of people who felt exactly as you did. >> it is the extreme irony, really, that the car that was supposed to be the emblem of rebellion against the mass society came from the worst mass society of them all, the original totalitarian society. >> and they're not afraid of new ideas. >> vw didn't just transform their product, they sparked a revolution across the entire ad industry. >> you start seeing this idea of selling products not as a mode of conformity, but as a mode of resistance to the mass society. >> it was like our shackles had been taken off. we were free to do whatever we wanted. >> they would write articles in trade m

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taking a look vw parkway, earlier crash all lanes blocked. th clear ted out. chevy chase outer loop right laneng getti by and inner loop in mclane getting by. taking a look at5 in virginia. quanticoe to th beltway on time. take you about 17 minutes. >> thank you. it's 4:02. 32 reportedornadoes in just one day. >> this morning we're seeing credible and chilling video. our chris lawrence is at the live desk. >> in some neighborhoods witnesses watched houses being torn to shreds. take a look at this. yesterday, a flury of tornadoes swept through central iowa bringing hail. flattened buildings in three cities. these storms even forced officialcu to ee patients from a local hospital. a tornado hit a farm equipment plant inpella, while the building was packed with dealers and customers celebrating the company's 70th anniversary, fortunately only seven injured. plant activated the torm warning syst so the workers were in shelters at the time. >> all right. thank you. 4:03. officials in missouri say at least 11 people are confirmed dead at this point. the tourist boat

that is the vw id, 23 or 24 grand. surely, because you can't just rely big problem, surely, because you can'tjust rely on wherever you go having points. it's better than some people think, there are 17,000 points in this country and it is growing and growing with more carmakers realising they need to invest to make sure that customers buy the cars and the electric cars. a lot of people we must remember charge at home and it is only the occasional journey where charge at home and it is only the occasionaljourney where it charge at home and it is only the occasional journey where it will be a problem and of course going to the comments about the mile range is, as they get better and better in distance, the infrastructure will become less relevant. interesting last week the report came out said more than half of young people are up more than half of young people are up to buying an electric car, so is ita up to buying an electric car, so is it a matter of time, with the mentality changes, so young people can mentality cha

the dax is being pushed higher by the likes of vw. this is bloomberg. ♪ . . jonathan: at 11:00 p.m.0 minutes left in the trading day. mark: i mark barton. -- vonnie: and i'm vonnie quinn. close onhe european "bloomberg daybreak." markets." mark: the easy be six to its policy path of the eu and the u.s. step back from the brickman trade war. and then facebook shares sharesg, the recent could be forced for the largest one-day loss in value ever for a mistreated company. your interview with the shelti executive on the company's buyback plan and the outlook for oil prices. check out what's happening to european stocks. we are 30 minutes away from the end of the thursday session and dr. rallying today. trade

vw has a ride sharing and car pooling service and the electric vehicles are being used by zip car.flix is testing a new ultra subscription tier.th one would cost about $16.99 a month versus $13.99 for the current premium plan. what do you get? ltiple 4k video streams simultaneously and also netflix is apparently testing outip mu investigations of that lineup. they could get hdr video. netflix confirmed the ultra price testing is real though they may never go anead with the >> to celebrate the fourth of july, hit show "house of cards" released a teaser for the sixth and final season featuring the new president clair underwood. >> happy independence day. to me. >> the 12 second ad closes with the #myturn. her character is taking over the lead role after kevin spacey was fired last fall over alluaations of s misconduct. production was temporarily stopped. th final season will be released on netflix later this year. it will only be eight episodes. >>> for kids july fourth is often about parades and fireworks. but for one boy in philadelphia, the fourth was more about the founding fathe

not bad for an industry trying to get operating profits up across the board when you consider vw band is struggling to get it to 6%. net income, revenue both beating. a lot of this is down to opel returning to profit here as you know, we've been talking a lot about sergio marconi, the newly exiting ceo at fiat chrysler i couldn't help but remember what he had to say about the ceo of psa i got to speak to him after this opel-vauxhall deal was announced. marconi said if anyone could pull this off, it was taveras, because he had a reputation for overpromising. >> michelin reported a jump in first half profit that was broadly in line with expectat n expectations lower borrowing costs and u.s. tax reforms helped the french tiremaker boost net income by 6% to 917 million euros a weaker u.s. dollar pushed revenues down. the results come as michelin pursues a series of acquisitions to fuel growth and value creation the firm sealed several recent deals including a joint venture with sumatomo. >>> let's check on shares of ubs which are rising after the second quarter earnings beat expectations

ambassador to germany has said to have told ceos of vw will stop tariffs on cars imported from the euf they stop tariffs german chancellor angela merkel said she's open to the lowering of eu tariffs on u.s. car imports but added the eu would have to lower tariffs on cars imported from other countries as well in order for the plan to conform to world trade organization rules. there you go the auto parts index up 3.5% steel companies rallying today eu countries have voted in favor of measures to curb steel imports in to the bloc, especially since the u.s. decided to slap tariffs on steel and aluminum take a look. german companies seeing gains today. speaking of germany factory orders rose in may up 2.6%. more than doubling economists forecast and that news helping to lift the euro today almost to 117 against the u.s. dollar. we finish with a big laggard on the tse. british foods down sharply, it's prime mark fashion chain was off in a slump by its sugar business jon fortt, back to you >>> now against the backdrop of tariffs set to go into effect in only a few hours the world's third lar

vw comes to mind. you will see that the boards of these companies are male-dominated.diversity is so important. diversity is an interesting concept. a company can say, look at how diverse our board is, but even though your top management and senior management looks gender,t in terms of say, are they really thinking differently? that is much harder. it is much harder to measure that. it comes down to leadership. are you getting a diverse group of people in that situation? does that mean i am less interested in thyssenkrupp? there is a new ceo. where do i make judgment? way the business changed the strategy, you look at a chief of an arline. most of the pilots in this air line are men. men are usually paid more. a lot of air hostesses are still women. if you are investing in a company, i would always look for diversity. it? where is is it at the ceo level or further down? which metric do i look at? i am trying to figure out whether i will get a better rate of return based on the gender story. , with theargue issues michael kobe reach has faced that ryanair -- michael o'l

a vw of this weekend's total lunar eclipse and the blood moon as seen from athens, greece, with the greek o goddepeace and justice in the foreground. january 21st is squirrel appreciation day. an entire day dedicated to squirrels. that's nuts! at aarp, we think you deserve your own day. yeah, you! after all, you're the one working. and saving for the future. so let aarp help. from planning and budgeting, to getting a deal on your next trip. aarp is here to help you stretch your dollar further. our furry friends will have their day, but today is all yours. take on today and every day with aarp. why lenscrafters? personalized service is why. clarifye, no other eye exam is more precise is why. and because style? your style is why. lensafters is why. book an eye exam today. ♪ ♪ the best way to get together is with a treat you make together. ♪ ♪ overwhelming air fresheners can send you running... so try febreze one. with no aerosols and no heavy perfumes. so you can spray and stay. febreze one. -i think it'll look really: goodithout the stripes.l. whatever your home may hand you, behr through

. >> even though this movie takes place in the '80s, bumblebee takes the form of this awesome 1967 vwrs, thousands of dollars went into building eight of these babies from the ground up. >> how would you glassify yourself as a driver? >> what would you rank? i'm pretty -- >> yes. >> your driving's good. >> thanks. >> coming up -- ♪ don't walk away from me >> whitney houston's sister-in-law on whitney's fatal drug addiction. who pat houston blames for keeping the star from rehab. >> and robin williams remembered in a new documentary. >> we were the best of >>> welcome back, everybody, to our summer movie preview. now, it has been six years since whitney houston's tragic passing. and now a new documentary out this weekend and produced in part by the houston family promises to show an intimate and unflinching port rit of whitney that goes beyond the headline. >> kevin frazier talked to whitney's sister-in-law all about the project. ♪ >> everyone that has a life has a story. and hers was magnificent. full of triumphs and tragedies. full of laughter and tears. >> this documentary is comple

president johnson imposed what we call the chicken tax in retaliation saying vw, you can't sell trucks here anymore. we've had the ban on trucks. in the meantime, detroit has built a huge cash machine, basically all of the profits coming from selling full size pickups. ford f series, chevy silverado. that's where so much comes from. enough to subsidize losses in car lines that are starting to be phased out. so, it's been a really huge protected market for the u.s., and if we drop them on both sides, it would expose detroit to some competition. maybe others can make a truck that farmers or contractors want as much as a ford if-150. other big winner would be the european auto makers who make a lot of cars and suv's here in the u.s. and export them to europe and china and other places. >> my goodness, very, very complicated when you're dealing with a complicated situation. it's not always a good idea to bring a sledgehammer. thanks so much. >>> next, fire and fury, a secretary of state mike pompeo defends president trump's talks with russian president putin. here are the most conit enshus

back in june we had vw saying that audi ceo had been taken into german custody over the diesel probe.rstand there was an interim ceo. latest news, there is a new ceo, the former purchasing chief. we also understand there is some -- well, there could be a delay because of contractual clauses. it's is going to be important in terms of providing clarity. a fresh page and a fresh start after the diesel scandal over the last few months. absolutely.: earnings news does not stop there. coming up we have exclusive interviews with the ceo of anglo american. we will be speaking with the ceo of shell. ♪ nejra: it is just about 7:16 in london. we are 45 minutes away from the equity market open. we could see equities rebound from losses we saw on the stoxx 600 yesterday. euro stocks pointing higher, the same for u.s. futures. we saw u.s. stocks close higher yesterday led by financials. we are also seeing risk on in the asian session. china leading those gains with policy. the 10 year yield, study after gaining six basis points yesterday. let's get the bloomberg business flash. ubs has posted secon

your vw? well, listen, i would categorize this nomination differently, which is that this is one of thst important positions on the united states supreme court because, of urse, replacing kennedy is about the swing vote on the united states supreme court, and we need to look at what that means in terms of the replement of kennedy issues like choice, affordable carex act, same-rriage, knowing that knedy voted one which, but given kavanaugh's track record, we have reason to believe he would votetl differif these cases and types of cases were presented to him. so i look at it more as the significance of thisioomin for this particular person on that seat and, on that basis, i am opposed to hisan nominatio i am very concerned about what his nomination will mean for future generations on these issues and so many more. >> woodruff: so you've alrdy decided you will vote against him before any hearing begins? >> you know, listen, i'm going to listen to what he has to say, i am in the possess of reviewi

little bit different message because of the time differences, but the upper water, the white and blue is vw the german guys. they were going down, and then they came up at the bottom of the trade deal. at the bottom is ford and gm. they went down, but they did not come back up again. very different stories because they were so worried about european tariffs. gina: it just so happens that ford and gm both missed expectations. beat expectations, but they cut down their forecast. down their, they cut guidance. trade improve the outlook, but at the same time, you have companies coming out with information that says the outlook is not looking so great in the u.s., so that creates a diversion. also, the general view this week was the european auto dealers, automakers would suffer more as a result of the tariffs. certainly they are very sensitive to the tariffs, but frankly, u.s. auto sales kicked two years ago. we have some degree of weakness in the auto sector in the u.s. european autos were doing relatively well, the luxury sector in particular. there was a little more optimism coming into this

northbound vw park way between 193 and 197 with the right lan blocked. belt way looks okay. stay with us. you know when you're at ross shopping for backpacks... ...and mom also gets a back-to-school bag? that's yes for less. ross has the brands you want for back to school. and it feels even better when you find them for less. at ross. yes for less. ♪ ♪ start the day with the chicken you love. get the feeling of chick-fil-a, for breakfast. ♪ ...and you suddenly realizes you're really into art? that's yes for less. every trend. every room. on any budget. it feels even better when you find it for less. at ross. yes for less. . >>> good thursday morning. a nice break from the rain go through the day today. 77 in washington. 78 annapolis. 72 in lease buesburg. more sunshine by lunchtime. 88 by theafternoon. it will be humid, but we have a chance for a stray shower. definitely not everybody. tomorrow chance for some afternoon strong storms. weekend looks good, but the rainy pattern returns. >>> good morning, everyone. welcome to theprogram. i'm megyn kelly. there's a lot to get to

shares of bmw, daimler and bolt wagon -- and vw among those arising.ed to put -- jean-paul uecker agreed to put off the trade war. president trump says they will work toward having zero trade barriers. and shares of facebook have taken a dive. the social network lost $151 billion in market value at one point after recording second earning sales and user growth that missed estimates. facebook warned revenue growth will keep slowing. the company has been hurt by its failure to safeguard data, its policies, and changing rules for advertisers. and european central bank president mario draghi is likely to confirm today that the eurozone is back in relative of -- relatively solid health. he and his colleagues are likely to confirm that -- will end in december in interest rates could start rising next summer. and as you mentioned, a radical option for breaking brexit deadlock in play. -- imposing market conditions a northern island, while the rest of the u.k. break so after brexit. the problem is the plan would probably embrace the northern irish party. y tha