vw says it. making its much loved beetle next july. bug. vw says it.r has been through many incarnations through the years, with many modern designs replacing the iconic versions seen here. now, though, the company will stop producing the car altogether, it's company will stop producing the car altogether, its left car lovers heartbroken. the beetle makes me feel like i'm losing a little bit of myself. after an official speech from hitler... the car was originally created in 1938 on adolf hitler's orders. he wa nted 1938 on adolf hitler's orders. he wanted a cheap, reliable people ‘s car. but, by the freewheeling 60s, it found fame with the disney film, the love bug. it's funky designs and cheap price made it a firm favourite but, despite being one of the bestselling cars of all time, sales have fallen in recent years. the company is trying to move forward after the diesel emissions scandal and looking towards new technology. some argue any remaining beetle magic died 15 years ago when the rear engined models stopped being made. the world is changing v

vw has got to move into the future. new electric version might one day be made. so perhaps it's farewell rather than goodbye for this old friend. i'm certainly going to miss that one. we had an orange one, and i remember many happy holidays in that orange beetle. we've been asking you to talk to us about what you miss, your long—lost favourites. doesn't have to be cars but we had one tweet from john mcdonald in china saying, ca i’s from john mcdonald in china saying, cars from the past i miss, the ford capri, the ford cortina and the triumph spitfire. we've also heard from charles lloyd in derbyshire saying, maybe like rock stars, they'll make a comeback in the next decade, which, as luck would have it, is only two years away. plenty more in the business briefing. hello. well, before we go to the weather for the uk, an update on hurricane florence battering the east coast of the united states. and the worst of the weather is technically still out to sea. the storm's eye isn't expected to cross land, that is, make landfa

vw boardr joining the only just agreeing that the ipo.are the amazing -- the remaining issues to be resolved? >> i'm hardly understanding you. vonnie: the remaining issues for the vw board to resolve before you can ipo. i'm curious as to what they are. >> yes. indeed we made the decision to prepare the trade group for potential ipo. but that means not that we are doing an ipo but that we are preparing an ipo after we have finalized our project for capital market readiness. so the next step is now to prepare an ipo. not a decision for an ipo. vonnie: i'm curious as to what's left to decide upon. what are the remaining issues you need to resolve? >> i think it's important that we are increasing the performance. that we are trying to get all the mechanisms ready for such a potential ipo. look intoe have to the markets and into other things around and then volkswagen is the shareholder can make a decision if they want to or not. julie: i want to ask about your partnership with navistar and how that is progressing. >> i think as you know we ha

vw did not do that. the vw missions cheating scandal broke on september 18, 2015.the days that followed, the share price plummeted. on september 22, volkswagen issued a warning to its shareholders. they maintain that it acted according to its duties. >> from our point of view, this case is only about whether they met the obligation to inform shareholders in the markets. we are convinced this is the case. the court's ruling is not expected until the end of next year. brent: the ceo of cbs, leslie moonves as is resigning following allegations of sexual misconduct. they went public in a rece article in which several women accused him of sexual misconduct and droning their careers. he has denied the allegations. cbs has launched an order -- an investigation and says they will donate $20 million to me to organizations. -- #metoo organizations. spacex launched another rocket from florida. it was carrying a communications satellite. it was delayed. once in orbit, it will be bringing broadband services over the asia-pacific region. it returned to earth after stage separati

during proceedings tuesday, the presiding judge said vw's ceo had dragagged his feet when it cameme touic p pronouncementn. the carmaker faces a t total bil of only 9 billion -- of over 9 billion euros if it loses the case. tomorrow, pilots and flflight attendants plan a one-day strike. it is latest in a string of walkouts which are affecting tens of thousands of passengers the summer. the airline staff are to many better conditions and higher wages. ryanair has condemned the latest action, saying the walkouts would lead to job cuts in the german market this winter. that sounds like a threat. back to brent, and fresh tensions between russia and nato. brent: that's exactly right. russia has begun its biggest military exercises since the end of the cold war. hundreds of thousands of russian troops have been joined in eastern siberia by soldiers from china and mongolia. nato says the exercises show that russia preparing for a large-scale conflict.. reporter: military equipment from all over the country deploys for the largest drill since the fall of the soviet union. a demonstration of mi

vw has got to move into the future.ting a new electric version might one day be made. so perhaps it's farewell rather than goodbye for this old friend. in a moment, we'll have all the business news, but first the headlines on bbc news. we have news from the prison officers association. we have reported on the protests taking place outside a large number of prisons across england and wales. we arejust prisons across england and wales. we are just hearing from the association that there has been as they describe it meaningful engagement with the prisons minister rory stewart and they, the union, has now instructed its members to return to work. thereafter the details which suggest there is perhaps an issue still to be resolved so it appears we will get more detail about this later in the afternoon but for now the prison officers association telling staff to go back to work. this was sparked by that particularly damning report about bedford prison, which really was grim reading. that is how this walk—out took place in the

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

investors are pursuing vw for about 9.2 billion euros in damages, claiming the company should have come data. vw shares crashed after disclosure in 2015 that its diesel technology emitted illegal levels of pollution. here in the uk, the police match commander on the day of the hillsborough football disaster in 1989 has denied multiple charges of manslaughter. david duckenfield appeared via videolink to face 95 counts following the tragedy at an fa cup semi—final. a provisional trial date has been set forjanuary. the white house national security adviser, a brexit deal on the first stage of the uk's withdrawal can be reached within a couple of months, according to the eu's chief negotiator michel barnier, but he said it was dependent on realistic negotiations. and he warned again that several issues remained unresolved. a special brexit summit of eu leaders is now expected in november. 0ur political editor laura kuenssberg has the latest. arriving at the office back door. work in the red box, tory woes splashed over the paper, the prime minister's clutching too. in 200 days, she's to be

investors are pursuing vw for about 9.2 billion euros in damages, claiming the company should have comessions data. vw shares crashed after disclosure in 2015 that its diesel technology emitted illegal levels of pollution. here in the uk the police match commander on the day of the hillsborough football disaster in 1989 has denied multiple charges of manslaughter. david duckenfield appeared via videolink to face 95 counts following the tragedy at an fa cup semi final. a provisional trial date has been set forjanuary. the white house national security adviser, john bolton, has set out a comprehesive list of objections the us administration has to the international criminal court. during the speechjohn bolton said the icc was unaccountable and dangerous — and that it posed a threat to american sovereignty. today, on the even september 11, i wa nt to today, on the even september 11, i want to deliver a clear and unambiguous message on behalf of the president of the united states. the united states will use any means necessary to protect our citizens and those of our allies from unjust pros

emma: exactly care he said he saw them as a serious competitor but was very confident in vw's abilityuce its own electrical vehicle. models coming up this year. we see the audi brand will be launching the each ron, that will be followed by something from porsche and vw will be producing something more aimed at the mass market. david: this started yesterday. when mercedes came on and said they would have a luxury all electric vehicle. i saw tesla's stock already started to go down. emma: yes. mercedes, owned by diamond, and that -- amounted to the eq line. invested more than $11 billion in developing this line. the first of the cars, all-wheel-drive car suv, is aimed at tesla. that is being blamed for tesla's stocks slump. the analyst at new street. and fair a called that slump puzzling. areays he didn't know we seeing new competitors for tesla coming up, they are still way whatd tesla in terms of they are producing, in terms of how good the vehicles are. he said they are substandard compared to the tesla vehicles. david: for good reason. they had so much investment in diesel. that was

he said, i shot him again and that shot killed him and they put david's body in the back of harry's vwhe site where they had already pre-dug the grave so all they had to do was lay his body in there and cover him up. >> but that wasn't the end of wolfe's tale. a year after the murder, they got a call from harry britton. >> he had learned that they were going to build a new wal-mart there at the corner of -- >> where the bones were. >> where the bones were. and harry told him, you have to come back down here and move the bones, almost as an order. >> wolfe came back to florida. >> he said he went out there in the middle of the night, collected what he could find, put them in a trash bag, and went back to barbara britton's family's house and put the bones out for the trash in a plastic bag. >> michael wolfe's story seemed to tell it all and to cast barbara britton in a leading role. and once she heard that story, detective velasquez was convinced, barbara, determined to keep david away from their son, was a full partner in his murder. >> what are the chances that either michael wolfe or

you don't have to worry about that athi all ts morning.ou nort vw parkway, one right lane gets by thatork zone and eastbound 66 after 123, right lane blocked by the workzone there. >> the first ever cancer summit kicked off here in washington. they opened the event at the warf. they lost their son bo i2015. they have been working with several groups hopingo find a cure and that lead him to leading a white house effort to end cancer. >> whent the presi asked me to do it it went from an objective to a movement. it's a movement now. i've never seen so much gyen so much energy behind. i mean it. >> the event will focus on the journey cancer patients experience. hundreds will be hd around the world. >>> did you have help when it came to your education? perhaps a mentor or someone thad heou financially? >> not everybody has the same opportunities but n there's a program in montgomery county that's helping to put students on the path to a degree. >> adam explains who is behind this scholarship offer. >> i didn't even apply for college at t time so i was already behind the idrve. >> het know if h

he said, i shot him again and that shot killed him and they put david's body in the back of harry's vwnsported it to the site where they had already pre-dug the grave so all they had to do was lay his body in there and cover him up. >> but that wasn't the end of wolfe's tale. a year after the murder, they got a call from harry britton. >> he had learned that they were going to build a new wal-mart there at the corner of -- >> where the bones were. >> where the bones were. and harry told him, you have to come back down here and move the bones, almost as an order. >> wolfe came back to florida. >> he said he went out there in the middle of the night, collected what he could find, put them in a trash bag, and went back to barbara britton's family's house and put the bones out for the trash in a plastic bag. >> michael wolfe's story seemed to tell it all and to cast barbara britton in a leading role. and once she heard that story, detective velasquez was convinced, barbara, determined to keep david away from their son, was a full partner in his murder. >> what are the chances that either m

rpc, and matt, you are looking at vw.et's go first then to joe and find out what we are watching from rpc. >> they are in talks for bain capital. friday, they said they were in discussions over a sale. it is an industry seeing consolidation. there was a big deal in australia last year. the u.k. has done quite a bit of consolidation. they have benefited from the shift to -- companies need more packaging. rpc shares specifically are down 20% this year. the have high costs in their latest report. perhaps because of this d raising -- the rating in their shares. anna: we have heard a lot about private equity going shopping with the relative weaker band. what are you watching? ceo, the there's a new first time since 2016 the company is filling the position. the chairman said the company was too large for one person to oversee. there has been a lot of instability in management. this could be seen as a positive sign for shareholders. that there is more stability. they are like -- likely to lift prices are the revenue reports. rev

vw says it is not ruling out bringing the bug back again in the future. i have a feeling we haven't seen the last of this, jess. >> i'm a little sad with this. how do you play love bug when you're taking a road trip. >> just vintage from now on, baby. >>> this twist on a classic. this is one of the first all-electric drive-in movies. volt charging headquarters in san francisco was transformed for the event last night. people got snacks; drinks, and watched james bond moving casino royale. they are planning to host more drive-ins in the future. which is pretty cool. i love a drive-in movie theater, mike. >> they're fun. there is still one in concord we go to every once in a while. let's talk football. it is fall. aggies are in town to take on stanford. kickoff 11:00 a.m., 68. it will warm up to 73 under total sunshine. and cal playing at 3:00. 68 degrees. it will be cooler, 64, by the time the game ends. we are getting closer to sunset. and the lions in town to take on the niners down in santa clara at levis stadium. kickoff 1:05. 72 degrees. by the time t

basf has yet to respond, and neither has vw, at least a rookie. the carmaker says it is complying with relevant laws and regulations. one of these says that american comedies do not have to comply with u.s. sanctions on iran. more companies are choosing to play it safe. they fear that doing business with iran would hurt their business in the u.s. market. that is why daimler, deutsche bank, and deutsche telekom have ceased activities in iran. javier: over to our new york financial correspondent jens korte, joining us from wall street. good to see you. it looks like the eu companies are stuck between a rock and a hard place. 10 the eu rescue the iran nuclear deal while protecting company here? jens: there is only so much the european union can do, and that is mostly for two reasons. first of all, a company from europe has to think twice if they want to do business with the united states or with iran. usually the business deals with america are much greater than with iran. that is number one. even if the european union is kind of offering a european

think i've ever seen a short squeeze in a frenzy like that with the exception maybe of the porsche, vw fiasco ten years ago, the amount of volume and turnover on a low float. serves able to get a borrow hort it for a day trade make some money. and that was -- >> on tilray. >> that was just a. >> is that trade over at $130. >> it's probably not over. listen, the weed business has a great underlying story a lot like crypto. in five or six years we will have a monster weed business. >> how did you get the borrow? more importantly i've heard it's impossible. >> it's difficult it's difficult. >> beg borrow and steal, literally. are you out are you not short are you long any. >> i'm not i'm not. and i don't think -- listen, if that was my business i would be short. it's not i'm spending 90% of my time focusesed on crypto. i couldn't help myself because i saw the -- >> one last question before you go will you grace us with a forecast this time >> you know, i -- my lawyers told me i'm not allowed to give actual forecasts. >> they're not here. >> i do think bitcoin will be significantly higher

investors are pursuing vw for about 9.2 billion euros in damages, after it was revealed that its diesell levels of pollution. here in the uk, the police match commander at the hillsborough football disaster in 1989 has denied multiple charges of manslaughter. david duckenfield faces 95 counts following the tragedy. a provisional trial date has been set forjanuary. google is appealing against whether the european union's right to be forgotten should be extended beyond eu's borders, arguing that the order encourages countries to assert sovereignty beyond their own territory. the case has big implications not just for tech companies, but could also be a landmark to decide who has the legal right to regulate the internet from free speech and privacy to cybercrime and taxes. joseph sternberg, who is a columnist at the wall streetjournal, joins me now. nice to see you, joseph. this is a complicated one, isn't it? the devil is in the detail and it's all about the law. exactly. it's such an interesting business regulation issue because one might well ask, what can the eu do to google concerning

a vw bug was burnt to a shell and an rv was completely destroyed. the fire has damaged at least three buildings so far. the flames are threatening about 280 homes, mostly in rural areas. >>> a trial in the ghost ship warehouse fire is now set for april next year. 36 people died in th in december of 2016. derick almena and max harris both face 36 counts of involuntary manslaughter. last month a judge rejected their plea agreement saying almena did not show sufficient remorse. prosecutors say the two men knowingly created a fire trap at the converted warehouse without an adequate means of escape. >>> scaffolding is up around san francisco's sinking skyscraper tonight where a36th floor window cracked and it may be weeks before we know how that happened. an engineering firm working on behalf of the millennium tower window said it will take two to three weeks to examine both sides. the building has been tilting since 2009, but in an e-mail yesterday building management called the cracked window an isolated issue. >>> tonight a war of words between two pr

vw says it's focusing on family friendly models and electric power. here's simonjones. time, but now the end ofan era. after an official speech from hitler... it was originally the dream of a despised dictator that came to symbolise the freewheeling ‘60s, finding mass fame in the disney film, love bug, and capturing hearts with its cheap price and funky design. reliability, economy and the distinct look ensured its success, but now, as volkswagen looks towards mass—market electric cars, production is to cease. there will be two final edition models costing around $23,000. there is shock on social media. autonews europe announced... beatle fan deezus tweeted. .. drivergifts lamented... and hillary said... the company admitted the loss of the beetle after three generations and nearly seven decades would evoke a host of emotions from its many devoted fans, but the company has hinted the model could be revived at some point. never say never, it teased. just before we go, live pictures from wilmington north carolina. strong winds coming from hurricane lawrence there. it is b

vw shares crhed after the 2015 news that its diesel technolo emitted illegal levels of pollution. a female police officer who entered a dallas apartment and shot dead a man inside after mistaking his flat for hers has been charged with manslaughter. guygerolauthorities she mistakenly thought her m neighbor botan intruder in her flat. white house national security adviser john bolton has called international criminal court ineffective and downrigh speaking in washington, mr. bolton said the united states or to the closure of the palestine liberation organization's offics in washingtoing the palestinians were not supporting peace talks with israel. mr. bolton: the uted states will always stand with our friends and ally israel, and today, reflecting congressional n ncern with palestinian attempts to promptc investigion of israel, the department of state will announce the closure of the palestine liberation organization office in washington, dc. laura: a brief time ago i spoke about this with our state department correspetdent barbara usher. by closing the palestinians' office in wash

investors are pursuing vw for about £8.2 billion in damages, claiming the company should have come clean store chain debenhams fell more than 17% at one point this morning, after reports this weekend that it's called in accountants to advise it over future options. it's thought the store could be looking at a company voluntary arrangement which would see it close stores and look to renegotiate rents at others. debenhams has issued three profit warnings so far this year. good news for the economy last month — it got a boost from the warm weather and the world cup. in the three months tojuly, the economy expanded by 0.6%, the fastest pace in almost a year. services — which account for around three quarters of our economy — grew particularly strongly, with retail sales performing well, boosted by warm weather and world cup fever. banks and restaurants and hotels, for example. the construction sector expanded too. earlier we spoke to yael selfin, chief economist at kpmg these are only monthly figures for july and therefore we cannot read too much into them and as you said we had strong, very

one analyst from stanford bernstein -- his thing is vw.aking private, making fun of elon musk. he is saying given what has gone on with vw shares, they are undervalued, and they should think about taking this company private. i look at the market cap. $69 billion. l went out at $25 billion. out at $.5 billion. alix: private markets are really good. you can actually do things without the pressure and transparency, in certain ways. david: and great assets. porsche and things like that. maybe it is not so far-fetched. our third story is cbs. the departure of les moonves raises a host of questions for the company. analyst,nfield, media on the phone that she has a buy rating on viacom. welcome. great to have you here. rich: thanks for having me. david: before we get to viacom, what is next for cbs? does this put cbs in play to be an acquisition target? , what is mostf next is getting the house in order. number one, they need a real ceo, a full-time, permanent ceo. be joet think it will i think there will be a full break between old and new year

demand for the beetle and cars like the vw golf have fallen.ent bankers at goldman sachs have completed their takeover of the firm. john solomon has named david waldron to the company. goldman's outgoing ceo lloyd blankfein steps down at the end of the month. that is your business flash. alix: this is no surprise. we all knew it was coming. eat or be eaten. at the end of the day, it is the end of an era for goldman sachs. david: there were reports that david solomon would be elevated. now we have to investment bankers at the top of this bank that is known for trading. is that a shift in strategic direction? alix: in some ways, lloyd blankfein did not hold any grudges on that. -- punches on that. you want to lead them over to the training unit. that is kind of a red flag. they have been letting people go. they have been trying to revamp it. in the case, they have already been going in that direction. david: lloyd blankfein made no secret of the fact that you needed to get trading fixed. it will be interesting to see if they have the same commitm

. -- vw. why s&p says economy is on the right track.is bloomberg. ♪ ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. sydneyit is 8:30 a.m. in . markets open for trading. future is looking cap it, and it graypid, and it is a day. we will start off with weakness. a number of closed markets including chinese markets, japan, taiwan, south korea, sri lanka. i am haidi stroud-watts in sydney. shery: i am shery ahn. you are watching daybreak australia. let's get to first word news. china has called off proposed trade talks for the new round of tit-fo

vw makes vehicles in the u.s.o they began by discussing the uncertain future of nafta. ♪ >> i think having an agreement in place is important. we need reliable conditions. unfortunately we don't know yet all the details of the agreement. we know that canada is supposedly coming to terms. so for the time being, it is a work in progress, but stability is what our industry needs. we appreciate any move toward an agreement, which is the basis and foundation for our business in the region. >> there was a report that you were approached or part of the tesla go private plan. is there a truth to that? were you approached? were you in any way involved? >> no, i heard about the rumors too, there was no discussion on our part. >> tesla has been an amazing story. it quite literally has electrified. i remember talking to elon musk a while ago. he told me his whole emphasis was on getting german engineers, the best in the world, to get their act together when it comes to electrification. have we now achieved that? it feels like

vw premium brands is unveiling the first of several that are a powered models due out by 2020.e are joined by bloomberg's david westin who is joined by a top audi executive. david: we are joined by scott keogh. you got your first all electric vehicle. why now? i think we've hit the perfect time. the market acceptance is building each and every day. the second thing of course, we want it to launch with what we call a proper audi. not a quirky car. a full stop audi that is electric. and with the cost of batteries and the technology we can put ourselves in a position to make a profit as well. those three things came together that's when we want to hit the markets. what's the price roughly on this vehicle and why did you pick that price point? >> because we want to sell this vehicle. we want to make a little bit of profit. the car is $74,800. that is where the market is. it's the largest chunk of vehicles and we wanted to make sure we put one right in the sweet spot of where the consumer is. david code this isn't the last -- you have a plan to ramp up over the next several years. a

vw trading up by 0.7%. vonnie: all right, guy, thank you. we want to get to the special conversation before fed chairman jay powell's rate decision next week. tom keene joins us now. tom: it is always a special moment to speak to glenn hubbard of columbia business school. columbia has become far more visible. , wonderful to have you with us. i want to talk about your school, your criticism and acute comments on tariffs, but first any to talk to about the certitude of supply-side economics. you have always been a growth optimist. lawrence kudlow at the economic hub of new york made it very clear that we are on a path where growth will pay for these new $1 trillion deficits. do you agree or is there too much confidence within the trump administration over the efficacy of supplies economics -- supply-side economics? >> i think there are two parts to the question. i do think we are seeing a pickup in growth. we are seeing wage growth rebound. we will see the possibility of close to 3% growth over the medium run. tax cuts don't pay for themselves

they have struck a deal with vw but were sort of rejected by mercedes and bmw. where do you stand on this? we know buffett doesn't think it's a good idea to go into an entire car company. you see anything about apple? >> apple, if they were to go into a car company, the best one would be bmw, that actually has great technology and they are trading at a discount to a tesla but they will be doing well in autonomous regardless. the important thing to note is apple was talking back in 2012 about an i-tv. we haven't really seen anything come in that regard. they are behind the curve when it comes to voice assistance so think about how alexa is now dominating inside the home when it comes to voice search as opposed to siri when they were supposed to be at the forefront. this goes back to what our other guest was discussing, how garmin had better features on their watches. apple is really needing to catch up with their features to compete against their competitors. on the autonomous driving, no, i don't think they should go into tesla. liz: let me just for the last sec

is driving a mac truck and the chinese are driving a vw beetle and eventually they're going to get crusheds they turn off and become more reasonable and stop stealing our technology, which is in the long term the crown jewels of the u.s. economy. trish: i like that analogy. >> it's a crown jewel. trish: how long does this go on? is this a tit-for-tat that just kind of continues and continues? and hey, look, i don't, i should have found out exactly what those tariffs would have meant on my furniture, i don't think it was wild. if anything i work well under a deadline. it incentivized me to actually make the purchase. >> yeah, right. trish: i think we can handle a lot, adam. we're doing well. >> okay, so look at it this way, trish. the chinese yuan has fallen 10% since this whole thing started. actually if the tariffs are 10 to 25% the yuan already fallen 10, it blend it to even. trish: are they doing that deliberately? devaluating their currency so they can actually continue selling just as much here? >> they are claim they are not. and they specifically, this is actually a good sign, trish

connection with the diesel emissions scandal the announcement is expected to come after a meeting of vwors later today. >>> tesla shares plummeted in after-hours trading after the s.e.c. announced it is suing ceo elon musk for fraud. the s.e.c. alleges that musk made false and misleading statements about taking the electric carmaker private in august the regulators are also looking to remove musk as chief executive. the tesla ceo rejected the claims and stressed the facts will show his integrity. the s.e.c. outlined why it found him to be reckless, particularly in referencing a specific price the company would be valued at >> we allege that musk had arrived at the price of $420 by assuming a 20% premium over tesla's then existing share price and rounding up to $420 because of the significance of that number in marijuana culture and his belief that his girlfriend would be amused by it >> it's entertaining and bizarre that that has come up in an s.e.c. statement arjun kharpal joins me with more the stakes are extremely high for elon musk here >> yeah, very high the path that could be foll

that old vw, the one that alleged allegedly carried's david's body the night he was killed still parked outside. >> thank you for watching. >>> due to mature subject matter viewer discretion is advised. >>> why did you hit an officer? >> we have now been dispatched. to go in the dorm and restore order. >> the jail responds with force after an officer is assaulted, and inmates attempt to escape. >> how many times did you shoot him? >> ten, 12 times, you know. it is horrifying. it is very traumatic. >> a 18-year-old shoots her father to death and finds a surrogate mother on the inside. >> when she walks in, she was scared, shaken, i took care of her, showed her the ropes. >> let's get you ready for a shower. >> okay. you just got to take my word for it. >> another inmate not normally known for trouble issues a vile threat. and two other inmates provide a cautionary tale for fathers and sons everywhere. >> i was out when youfs 7. >> you called another man daddy so i'm saying who's supposed to be the one getting mad? ♪ >> in downtown louisville, kentucky, two adjoining buildings serve as th

this is after reports that said vw was rate for gasoline, along with porsche and audi.ut the german transport ministry says so far, no evidence of fraud for the gasoline engine. guy: thank you very much. let's get back to the turkey story. 17.9%, the cpi read. the ppi has come through at north of 30%. justin carrigan is our managing editor out of dubai. peter is still with us. justin, the cpi number out of turkey not as bad as some have feared it might be. we are seeing strength creep back into the turkish lira. how much should we be focusing on the factory gate inflation, which is really roaring high at this point? justin: i think we should be very focused on it, and we should be mindful to what extent that will feed into inflation at the cpi level. you think about it on the way the central bank has been perceived to behave in this environment, is that it's been behind the curve, it's been too slow. in a sense, this is a reality check for policymakers in turkey. they will be mindful of the ppi reading and what that means for inflation in the months ahead, and how that

sales peaked in the 1950s and it accounted for 5% of vw's sales in this country last year. scott and laura, i may be dating myself but i remember when they called them bugs volkswagen bugs. as a kid my favorite movie was "herbie the love bug." >> used to play slug bug. >> yes, i had forgotten about that. speaking of movies "herby the love bug" time for a box office preview. "white boy rick." >> a true fbi story of a teenager walking a live between a life of crime and being an fbi informant. matthew mcconaughey stars. >> "lizzie" is based on the lizzie borden murders. >> sterling k. brown, "the predator" is a reboot of the 1980s original where you can spend some time perhaps outdoors. >> "predator" really? no! you know the first one had two governors in it. >> it's true. >> arnold schwarzenegger and jesse ventura. >> the rumor was later carl weathers was going to run as well because they wanted to get the entire cast. >> spend time outdoors possibly. >> there will be a drive-in movie theater tonight so we'll have a look at the forecast for that. let's get out the door this m

the first vw beetle rolled off the production line in 1938, and the company says it will now focus onuite nippy in space — well, in zero gravity. the olympic champion got to experience it as part of an advert he's filming in france in an airbus normally used for scientific experiments. he called the experience "mindblowing". looks about right. now it's time for a look at the weather with sarah keith—lucas. it is all lies on the atlantic, with a very busy spell of weather terms of hurricanes and tropical storms, and the main troublemaker over the next 24 hours is the zurich and florence. it is still a category two hurricane and it is quick to bring flash flooding. the storm surge and very heavy rainfall. winds cussing in excess of 100 km/h on the coast of the carolinas. closer to home, a bit of a mixed story for us. this was this evening in devin... we will continue to seek cloud across the day. drier and warmer weather to be found further south. this is the satellite and the radar. patchy rain across northern ireland. as we look towards the evening hours and overnight, it remains most

vw shares crashed after the disclosure in 2015 that its diesel technology emitted illegal levels of pollutionany should have come clean sooner about falsifying emissions data. 20—year—old naomi osaka might have won the us open final — but that's not what anyone is talking about nearly 48 hours later. debate continues over an on—court outburst by serena williams — she was docked a game for launching a verbal tirade against the umpire carlos ramos. she claims a man would have got away with it. the women's tennis association agrees. but others say she's conflated her own on—court problems with a wider issue. let's have a look at the official rules the umpire said she broke. "players shall not receive coaching during a match. "players shall not violently... "hit, kick or throw a racquet. players shall not directly or indirectly verbally abuse any official. richard conway has more on this story. a moment of madness, or fighting back against unequal standards in tennis? serena williams was warned for receiving instructions from her coach, and she then lost a point for smashing her racquet. incensed

vw says it will stop production of third beetle next year, closing the door on one of the most iconic don't despair if you are a beetle fan, vw has stopped production several times before, i think that all is right, and then they revived it, and they say that they revived it, and they say that the car could be resurrected again in the future. i think they are. two thoughts on the russian story with the guys who said they were tourists. david has sent an e—mail. he said if the russians were tourists, where are their photos? they always take photos. that is a point. and i have learnt something else. i didn't know it was the old est else. i didn't know it was the oldest working clock in the world. it was around in the 1ath century. the oldest working clock in the world. in the cathedral. yes, because that is what one of the guys said. salisbury is worth a visit, it's true. good morning. what a summer it has been for the brits. victory in italy, they had a dance in france after thomas won and now on the verge of winning in spain with simon yates heading up to andorra today. he could clinc

vw will remain a player in the electric car market starting later this year.n's busiest airports is closed indefinitely after being flooded by a-. -- a typhoon. they suffered widespread damage storm tomost powerful hit japan and 25 years. it killed 11 people and cut powered to half a million homes. the airport was further isolated by winds that drove a tanker into the bridge to the mainland. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jenna dagenhart. this is bloomberg. yvonne: thanks. sharp escalation in the u.s.-china trade war appears imminent with trump threatening to like new tariffs on thousands of chinese goods before the end of the week. let's get to tom mackenzie joining us from beijing where officials appear to be playing the waiting game. we have had a deutsche bank report put out that is raking down the scenarios on this, and it echoes the conversations we have had with chinese officials. deutsche bank says essentially the beijing policymakers are d

and the vw after the wall was built around the idea of a people‘s car which could be cheap, effectiveick to the order of the questions! time to look at the weather forecast. seems like the one behind me here are part of our weekend weather story. there will be wet and breezy weather at times but very little of the rain is expected to reach the south—east. some parts of england will stage i. you can see bands of rain that had been sinking south—eastwards but the south—eastern corner holding onto some sunshine. we have also had brightness across northern scotland with a scattering of heavy showers. in the evening most of that will clear away, and notice these green and blue colours on the chart, temperatures in the centre of aberdeen getting down to around four degrees. in the countryside temperatures dipped lower than that. not especially cold further south. we start tomorrow on a final note for most, keeping some sunshine across north—eastern scotland and also for central and eastern parts of scotland, although cloud will be streaming in from the west through the day. for northern ire

this story about bmw, vw and down like could be serious. if they are found to be colluding.g to car manufacturers about creating an industry which britain leads on things like technology to reduce emissions. they've responded saying, they are worried about brexit, come polling is, how much of british components versus global components are allowed to be used in the manufacturing of cars. that flow of components across borders. a lot of components across borders. a lot of question marks up for an industry that employs a lot of people. you say download! dimer is the german company. it does not make german ca rs company. it does not make german cars “— company. it does not make german cars —— daimler cars. they are now made byjaguar. we all know about unexpected guest at weddings but one newlywed couple from the isle of wight was in for a bill surprise when the prime minister turned up. theresa may arrived on a motor cruiser while the couple was being photographed for their big day. mrs may apologised for not being dressed for the occasion before posing between the happy couple

adding, do not appropriate mollie's soul in advancing vws she believes were strongly drong words in responseso jr., who recently used mollie's death to bash what heal cd democrats' open borders agenda. mollie was found dead a in iowa cornfield nearly two weeks ago after a search that capturedhe nation's attention. authorities say her acous killer is an undocumented immigrant from mexico. in the days following the suspect's arrest, president trump and his allies were quick to use it as a rallying cry for stronger immigration laws. >> mollie tibbet, an incredible young woman, is now permanently separated from her family. a person came in fro mexico ilillegally andd her. >> mollie's father, just the latest family member to speak out. others writing on social media, please remember evil comes in ery color. andre we aim our mollie. the small town of brooklyn, iowa, reeling first from the murder and now from being thrust into the center of a polarizing litical debate. people in i centralowa reportedly receiving racist robocalls likene this given to the iowa starting line. >> if after her life has

investors are pursuing vw for about £82 billion in damages, claiming the company should have come clean called in accountants to advise it over future options. it's thought the store could be looking at a company voluntary arrangement which would see it close stores and look to renegotiate rents at others. debenhams has issued three profit warnings so far this year. let's talk nike. last week nike announced it was using the controversial american football player colin kaepernick in its ad campaign. has the gamble paid off? interestingly, yes, it has. surprise, surprise. unsurprising that a company as big as nike would ta ke that a company as big as nike would take a punt like this and get it wrong. the research that went into this... talking about the age group, younger people... element what are people talking about and thinking of? younger people want a bigger social conscience. young people. nike has tapped into young people in a massive way. the latest figures show that online sales at nike grew by 31% in the bank holiday weekend after that advert. any kind of publicity is good publ