for the owners of the vw cars at the time this scandal first emerged, vw did say we will fix your vehicles them out, at cetera. in many cases, i we will sort them out, at cetera. in many cases, i assume we will sort them out, at cetera. in many cases, i assume these german owners of vw cars have had that process put through, did they? yes, quite a lot have. you can never do a recall, as it's called, fast enough to keep everybody happy and a lot of the german owners have gone to no—win, no fee lawyers and started their own actions. this class action is quite in europe and could set a precedent. how do you think it will go? it's a little bit like politicians. if they would just confess quickly and pay up quickly they could obligated out of the way ina year. they could obligated out of the way in a year. so you think the courts will side with the class action? volkswagen have said they don't think there will be any conclusion that will cost them money but i think it's gone too far for that. this could take a long time, up to 2023 if all the appeals process is exhausted. given the cost of goin

emissions scandal — hundreds of thousands of customers are in court today to demand compensation from vwlive from london, that's our top story on monday 30th september. volkswagen face the anger of 450,000 german car owners today who are demanding compensation for the dieselgate sandal with many more lining up in the uk to follow suit. also in the programme — protests flare up in hong kong ahead of communist china's 70th anniversary. we look at the economic inequality fuelling the pro—democracy movement. european shares are struggling this monday morning. while in asia shares were little changed overnight — with no great reaction to the news that the us governemnt is considering delisting chinese companies from its stock exchanges. and we'll be getting the inside track on being a financial success in a newspaper industry that's increasingly digital. the boss of the financial times group will be here a little later. as forever 21 files for bankruptcy we want to know if this means our fast fashion tastes are changing? are consumers now opting to spend more on their clothes? 0r buy secondha

it isn'tjust exclusive to vw.fications and ripple effects throughout the automotive industry. thank you for now. you will be back later. we have all sorts to get our teeth stuck into in a news briefing. for now, let's bring you the latest in a situation in greece. a fire at an overcrowded refugee camp on the greek island of lesbos is reported to have killed two people. an angry crowd at the moria camp complained that firefighters had taken too long to tackle the blaze. extra police were sent to restore order. tim allman has the story. thick, billowing clouds of smoke as part of this camp burns. somehow, one of the giant shipping containers that house many of the refugees here had caught fire. people ran for their lives, men, women and children, eyes burning from the noxious fumes. afterwards, you could see the destroyed remains of the container. some voiced their anger, accusing fire crews of taking too long to respond, but mostly, there was despair. look at the people here, fighting — look at that. look, there's

drivers have teamed up to bring germany's first-ever class-action lawsuit, demanding lawsuit for the vw they bought. lawmakers paved the way for this claw -- this lawsuit after the diesel scandal broke in 2015. >> this could be a watershed moment for germany's legal system. for years after the mission scandal broke, hundreds of thousands of diesel drivevers nw have the chance t to hold the carmaker to account. it's the first-ever class-action lawsuit to take place in the cocotry. similar actions in the u.s. have seen consumers come away with billions of dollars in compensasation. >> we are confident about winning. the arguments speak for themselves. the leaders knew about things from the startrt. vw has not put forward a anythig substantial that could contradict that. >> volkswagen lawyers maintain the carmaker has removed the emissions cheating devices. they argue diesel owners cannot claim m for compensation while continuing to drive the offefending vehicleses. >> to thisis day, hundredd of thousands of vehicles are e in e by customers. for us this means thehere is no damage and no re

these people are saying we bought our vw is, ouraudis in people are saying we bought our vw is, our audis. but now we want some money, because following that in mission scandal, we think they are not worth as much as they once were. it's a legal first for germany, the law changed towards the end of last year to allow this kind of group lawsuit to go ahead. expect it to take a very long time. i got under way today, one of thejudges long time. i got under way today, one of the judges tried to plead to both sides to say, you know, let's come to some kind of settlement here. it's considered unlikely, cynics would say vw want to keep this going for as long as possible to try and avoid having to make any pay—outs if the court rules against them. i think central really to this particular case is going to be the question of whether vw can be said to have caused harm. —— to these customers. their lawyers argue that actually, that's not the case, because many of these vehicles are still being used and on the road. many of the consumers who have brought this case say, of course, that's not the case

well,-term chart of vw as the move down for some 10%.uring back three plus years. francine: coming up later today, a conversation with christine lagarde on whether she will have a thing or two to say about europe, and maybe brexit. that conversation later today. this is bloomberg. ♪ ♪ you are watching bloomberg "surveillance." bloomberg news has learned donald trump is ordering his acting chief of staff to avoid sending $400 million in military aid to ukraine. democrats are investigating whether he used the withholding -- the chinese government gave new waivers to several domestic state and private companies to soybeans without being subject to retaliatory tariffs, after the u.s. government canceled the visitation of the chinese delegation to the u.s. prime minister boris johnson's suspension of parliament was unlawful. that is the opinion of the supreme court. his advice to the queen is null and void, and parliament should meet as soon as possible. the decision was unanimous. global news 24 hours a day, on air and @tictoc on twitter, po

with germany's economy now shrinking, the likes of bmw, vw and daimler will hope that the showcase event give their brands a much needed turbocharge. according to the european automobile manufacturers association, the auto industry provides jobs to 13.8 million europeans. however, during the first half of 2019, demand for cars across the eu fell by 3.1% to 8.2 million. and there are fears that the eu could be dragged into a trade war with the us, after president trump repeated his threat that auto tariffs are never off the table as he pressures the eu for better trading terms. however, there is one bright spot, because 1 million electric cars are expected to be sold in europe over the next year, according to ihs markit. that is a 300% increase on 2018. at the show, our reporter theo leggett met with bmw's chief financial officer, nicolas peter, and asked him first about the chinese situation. definitely we are, if you look, probably more exposed than other manufacturers. having said this, we have — and this is what is making me optimistic, the most flexible production network in the indu

in 2016, the epa sent a notice to vw and charged the auto maker rigging their cars to pass emissions tests. >>> san francisco mayor london says the city has a suer system that runs effectively. last night, she tweeted, quote, the president is r standards restricting the ability to regulate car emissions and denying climate change exists. in san francisco, we're meeting the challenges on our street. if the president wants to talk about homelessness, we are permitted to talk about actual solutions like adding 1000 new shelter beds by next year and working to pass a $600 million affordable housing bond to create more badly needed housing. >>> time is now 4:36. this morning, more details about how california will fight the trump administration after president trump revoked california's authority to set emission standards which are tougher than federal levels. as ktvu reports the move could overturn 50 years of efforts to fight pollution. >>> president trump granting permission to wipe out permission granted by congress in the clean air act that has more than half a cers may emit. because

officials disclosed that vw rigged millions of diesel powers vehicles to cheat emissions tests for aolkswagen is the world's largest auto maker. 1.3 million more workers will be able to r over-the-pay. the labor departmentep finalizea rule expanding eligibility which is effective january 1st. under that rule, most salaries workers who earn less than $35,000 per yea will b religion. and that's up from the current threold of about $23,000. and we finish the program tonight with a different kind of story. one that takes us farrom politics. and to the space race. there is a big push become to the moon and nasa is leading lockheed martin lead wait awarding a major contract that could create a lot of jobs process. morgan brennan has more. >> 3, 2, 1. >> another step closer to>> the moon nasa awarding lockheed martin a contract a deal valued at 4.6 billion to put orion into production. the buy six space craft to t option to up t that 12. >> this is with the lack heed's ace segment accounting for 20% of earnings and this is in the satellite subsession zbloomt orion was designed for deep spac

what little we know about robert o'brien's global vw is he is also -- in his book, he said iran isrn s enemy of the united states. but he's probably much more moderate than john bolton was. and so it will be interesting to see what he does. the question is, where does president trump go from here? in termsin of we're going to the u.n. next wee he wants to form a coalition. he's been skeptical about the u.n. he's condemned the e.u. and he's not meeting with any gcc leaders. the russians are not there, the israelis are not there. the french are noteeng with him. who is left? >> the architect of his previous iran strateg n is also there. >> he is meeting with the ukrainian president, zelensky. >> and boris, who has his own problems. >> the question i heard is not whw do we k about o'brien but who is he going to choose for his staff. that will send theat clearest signal about t direction of this recalibration, if we should call it that, on iran and who he chooses to essentially signal where his policy is>> going. s part of it, the rest of the world is enging with iran. china has its own

the deal between california and ford, honda, bmw and vw was announced in july.ompanies agreed to reduce emissions by 3.7% per year starting with 2022 models. the issues are the standards are more stringent than what president trump wants. all four automakers are reportedly cooperating with investigators. >>> a live look at sfo where repair work is about to begin on one of the runways. starting tomorrow one of the two main runways will be closed for almost three weeks. travelers are warned to expect delays and cancellations. the airport says the delays will begin after 9:00 a.m., so you might want to choose an early morning flight. nbc bay area's investigative unit first reported that the runway were cracking and sinking in february. unsettled ground at sfo and increased runway traffic are to blame. >>> coming up after the break, the oakland raiders saga just got weirder. we're going to show you the video antonio brown dropped on social media tonight that has raider nation talking. my experience with usaa has been excellent. they really appreciate the military fa

with germany's economy now shrinking the likes of bmw, vw and daimler will hope that the showcase eventtheir brands a much needed turbo—charge. according to the european automobile manufacturers association the auto industry provides jobs to 13.8 million europeans. however during the first half of 2019, demand for cars across the eu fell by 3.1% to 8.2 million. and there are fears that the eu could be dragged into a trade war with the us after president trump repeated his threat that "auto tariffs are never off the table" as he pressures the eu for better trading terms. however there is one bright spot, because one million electric cars are expected to be sold in europe over the next year according to ihs markit. that's a 300% increase on 2018. our business correspondent and resident petrol—head theo leggett is in frankfurt. what are people getting excited about and worried about there too? well, there's a lot of excitement as you would expect. this is a massive event. you can see the crowds behind me, the press presentations are under way at the moment and we could hear a few of them.

of the few western countries to run a trade surplus with china, as you can see from the chart, with vwore on sales to china than the u.s.. complicating everything is the ongoing protests in hong kong. you have pro-democracy activists calling for angela merkel to intervene and support them. we have seen angela merkel take a delicate, careful line, urging beijing to engage in discussions that follow the rule of law, but did decline an invitation from protesters to meet them in person. for more on the implications of the trade war, our next guest is ryand port founder and ceo peterson. flexed port ships by air, ocean, rail and truck and helps companies manage supply trains. your customers have been dealing with tariffs were more than a year -- tariffs for more than a year. how are they reacting to the latest escalations? it is difficult to be a u.s. importer. you see your costs going up dramatically. 60% of our customers are impacted by the tariffs already, and it is not a small impact. these are not high-margin software businesses. these are companies buying products and selling them wit

vw in particular made a splash. people are hesitant at this point, particularly here in germany.aw drops in markets like france and spain where people are in a wait-and-see mode. the general environment does not help. people are concerned about the economic outlook. all of that feeds into a negative sentiment that is weighing on the sector and the industry itself does not see a recovery by the end of the year. it will remain in negative territory. guy: the united kingdom and united states have a close defense relationship. why is the u.k. voicing concerns about a takeover by a bunch of u.s. private equity guys? >> that is a good question. you would have thought that is nothing to worry about. there is not chinese involvement where you might be concerned about some kind of infiltration. it is probably a formality. if i were a betting man i would shareholders did in fact vote overwhelmingly to back this, a bit of noise coming out of the family that is not in favor of this. the u.k. political sphere tends to sign off on these deals. we have not seen the u.k. establishment not throw

vw will provide the t batteries and powertrain. no word on how much it will cost.olving one of the greatest mysteries, how to get the ketchup out of a bottle. they show the perfect pouring angle that won't drench your fries. just tilt the bottle so the label is straight, simple as that. heinz ketchup was launched nearly 1508 year 150 years ago. cheryl: i don't buy that. because if the ketchup is struck in there, you've got to shake that thing. upside down. it's a sport. lauren: call heinz right now. tracee: you guys are right. cheryl: we have a lot more coming up. a big problem for some big cities. why workers are starting to flee in droves. forget retirement and who needs to pay that rent after all. you won't believe what millennials say they would rather spend their money on. hopefully it's helping with their -- seriously -- quarter life crisis. we'll be back. ♪ i want to dance with subpoena. ♪ i want to feel the heat with somebody. ♪ yeah, i want to dance with somebody. r instance, r instance, we know how your customers shop. and what they've already purchased.

and if you look at vw, bmw, et cetera, in the early stages of developing different sources, assuringy be problems but we are certifying our cobalt to make sure that it is coming from reputable and sustainable sources. carol: smart, but i do wonder about this. i am thinking about people listening, we all know that with batteries everywhere, especially with electric vehicles. are they easier to make, are they able to be recycled? i think we need to think more about the environment. i know that you dig into some of that, where are we going when it comes to that? mark: if you look at the demand projections for electric vehicles, people expect them to take off in the way mobile phones did, in the way microwaves or fridges did. so the question now is, considering the size of the batteries that go into these vehicles, the industry as a whole and consumers, too, are looking with greater focus at what kind of told that would take on the resources that go into these cars. for instance, looking at lithium, for instance, it is perhaps very beneficial to be using it, because it can be recycled, t

while california, which has a legal right to set its own, reached and agreement with ford, honda and vwaying we have a standard we're going to agree to for future vehicles. the trump mrs wants one national standard it's not one california. we have its own. this all reviola involves around the miles per gallon and fuel efficiency standards this dotted line, these are the standards that were set in place by the obama administration in 2011 and it was supposed to go up to 54.5 miles per gallon. if you look at shares of ford, honda, bmw, volkswagen, all the companies that agree, they all have said we received notice from the department of justice we will be cooperating with this investigation and what you're seeing here, guys is a fight, basely between the trump administration and the state of california and it all comes down to who should set fuel economy standards. the automakers who agreed with california, they went that route in large part because they believe they're ultimately california will prevail and if you're going to build vehicles to the most stringent standards, go there then

in 2015, the epa sent a notice to vw and charged the auto maker with rigging their cars to pass emissions test. >>> san francisco mayor says the city has a suer systethat runs effectively and keeps debris from reaching the ocean or the bay. last night, she tweeted, quote, the president is cutting clean air and clean water standards, restricting our ability to regulate car emissions, and denying climate change even exists. he's cut funding r homelessness and affordable housing. in san francisco, we're meeting the challenges on our street. if the president wants to talk about homelessness, we are committed to working on actual solutions like adding 1000 new shelter beds by next year and working to pass a $600 million affordable housing bond to create more badly-needed housing. again, that is from mayor. >>> time is 5:36. happening today, 12 democratic presidential candidates will take part in a climate change town hall meeting in washington d.c. bernie sanders were among the candidates who will be at that event at georgetown university. but some of the other prominent democratic presidentia

you might remember in 2015, the epa sent a notice to vw and charged the auto maker with rigging their cars to pass emissions tests u. >>> san francisco mayor london breed fired back. she says the city has a suer system that runs effectively and keeps debris from reaching the ocean or the bay. last night, she tweeted, quote, the president is cutting clean air and clean water second degree standards restricting our ability to regulate car emissions and denying climate change even exists. he's cut funding for homelessness and affordable housing. in san francisco, we are meeting the challenges on our streets. if the president wants to talk about homelessness, we are committed to working on actual solutions like adding 1000 new shelter beds by next year and working to pass a ever hundred million thatters affordable housing bond to create more badly needed housing u. >>> san jose could become the third city in the nation to adopt a privacy policy for information collected from residents. the city is considering how and what information is collected and says officials want to reasure residen

general motors is not named in this report, but ford, bmw, vw, and honda are. back to jobs.ry kudlow -- back to jobs, larry kudlow's comments, and lots more. the jobless rate held steady, 3.7%. average hourly earnings were up 3.2% year-over-year, topping forecasts. larry kudlow stressing the positive data. he also had a lot to say about federal reserve chair and former fed officials. riccadonnaed by carl of bloomberg, and susan schmidt, aviva investors head of u.s. equities. carl, there were a lot of positives. just summarize for us the consensus view of this jobs report, given that we know august is generally revised higher. we can look at what treasury yields have done in response to this report. this was a weak report. you take out that when he 5000 incenses hiring, and we are talking about -- that 25,000 in census hiring, and we are less hiring. to be sure, the economy is resilient. the beleaguered manufacturing sector is still leaking out some job gains, while the ism sunk below 50 this week. the u.s. economy is resilient, but nonetheless, it is showing signs of strain

said that was a vw van and we started it with a screwdriver. we didn't consider ourselves homeless. we felt like we had a roof over our head and we lived there a couple times for a couple months while my mother had gotten the next apartment. this is personal but using my personal experience and then everyone coming together and also with the mayor trusting us saying i'll give you a million dollars, shows if we work together and we really say this is the right thing, and we can see -- we can get things done. i want to thank everyone. i also, looking at state land, because i think we have, we do have state land and my district and other places that if we can get the permission to use, we can open more of these bays think we're going to have to open more of these unfortunately. you can't get many vehicles in these lots. for the the amount of people living in vehicles, i don't want to call them homeless, that we could really be creative of where we can actually open them. so, thank you. >> supervisor yee: supervisor ronen. >> i would be remiss if i didn't chime in as well. i remember wh

same time, it's going to hurt our competitiveness globally because companies like ford and honda and vw the consumers are going and they acknowledge where the rest of the world is going, where china is going, india is going, where japan is going. and that's away from the internal combustion engine. >> what have you heard from the auto manufacturers on this? they have been in favor of these higher standards. >> yeah, that's the great irony. who is he helping? who is donald trump actually helping? he's not helping those four companies that have voluntarily agreed to california's higher standard. by the way, there would be more than four companies, don, had he not now used the department of justice to do an inquiry as it relates to antitrust. that has chilled the other companies from joining california's standards. that's the nature of the reality we're living in. you have a president of the united states is in a party that feigns that they support free enterprise, and they're calling ceos to the mat and threatening them and using the department of justice to go after them to keep them fro

it is about the same size as the vw golf but has more interior space. sale in europe next year with an expected price of about $33,000. >>> new at 6:00, could a nap save your life? researchers say it could. >> i believe this. >>> first, though, a diagnosis hits close to home for dr. oz. the warning signs he says he missed about a family ...6, 7, 8 ♪ ♪ ♪ big dreams start with small steps... ...but dedication can get you there. so just start small... start saving. easily set, track and control your goals right from the chase mobile® app. ♪ ♪ chase. make more of what's yours®. still nervous about buying uh-oh, la new house.meone's is it that obvious? yes it is. you know, maybe you'd worry less if you got geico to help with your homeowners insurance. i didn't know geico could helps with homeowners insurance. yep, they've been doing it for years. what are you doing? big steve? thanks, man. there he is. get to know geico and see how much you could save on homeowners and renters insurance. this fall, book two, separate qualifying stays at choicehotels.com... .

anna: matt miller speaking to the vw ceo.tanding by for a second day of coverage at the auto show. normally when you see an auto reveal. is about the why do you appear to be standing in front of a covered car? the productionom side, this is all about electrification and the trade war, concerns about global recession. from the gearhead side of it, this show is all about this product. we have been waiting for years to see the new land rover defender. it is especially popular in england, but also america, where we have not been able to get our hands on them for 25 years. everyone is waiting to see this vehicle. it is sure to be the hit or miss of this show. >> note taking a sneak peek. how are carmakers responding to threats they face? there are plenty of threats. we heard one from psa about isxit and how management refusing to accept no zeal can take place. >> absolutely. carlos tavares said, we paid these politicians with our tax receipts. they cannot allow no deal brexit. it is the one outcome that is simply not acceptable. o

you have companies on their own, ford leading the efort with honda and vw, bmw, who says that's nonsense, because they voluntarily agreed to californi standards becaey recognize where threst to have the world, china, india and jan are going. they're moving away from the internal combungs engine and moving away from where the customer is going, ask g.m. ando where they're going,re making commitments and plans to get to more zerioo emi vehicles regardless of what the trump administration is doing, but what they did is traordinary. they can't lay claim to supporting free enterprise when they have an antitrust againstmp these ies, threatened the c.e.o.s of the company andth atening those who did not join california. you can't make this up. it's 2019, and you have the president of the united states attacking the private sector ant telling them w in their best interests as opposed to them determining their best interest which also happens to be the best interest of mother nature and low carbon green growth. >> woodruff: governor, a different subject, theg california islature passed legislation

ask the folks at vw and honda, ask in a privacy in the off-the-record conversation the vast majority of the other automobile manufacturers. 17 representing 97% of the market that wrote a public letter to donald trump and to me saying compromise on this. we don't want to abandon the obama-era rules. >> reporter: undeterred trump's justice department turned up the heat in august, suddenly launching an inquiry into the four automakers for antitrust. the justice department confirmed the antitrust letters were sent but wouldn't comment on the ongoing investigation. >> it's honestly laughable. they're desperate. these four companies voluntarily agree to higher standards and they are somehow claiming they have no right to voluntarily agree to higher standards. >> reporter: so you think it's a doj investigation into antitrust regarding this? >> purely political, pure politics and it's disgraceful politics. and unless he can get them to back off on the voluntary agreements, then they're going to go with the higher standards. trump will lose. there's no way out for him. so he has to beat them

you have vw, sales dropped by 8% year on year. line downng my eye the numbers.% year on year. date.7.5% year to the pain is for the german producers and likewise on some of the japanese. let's check in on the rest of the markets from around the world. we have the bond futures there. talking about that volatility in the bond market. we've had the worst month since november 2016. the bloomberg bond index is down 82%. the question is this. long treasuries. 1.5 to 1.8. that's the right one. juliette saly standing by in singapore. juliette: nissan numbers not adding to the already downed mood we are seeing in japan. the topics lower for the first session in nine. we see a lot of those exports took a heat -- it today. commodity currencies being sold off ahead of the fed as well. you have the asx 200 closing lower. its first loss in six sections. pretty flat on the hong kong market. we have been watching what is happening in the one-month. a little bit of a squeeze coming through in hong kong today as well. in china, consumer stocks lifting the csi 100. data has once a

germany is one of the few western companies to have a trade surplus with china, with automakers like vwmw now more dependent on china sales than those in the u.s. on top of that challenging picture, you have the ongoing hong kong protest. there have been pro-democracy activists in hong kong that urged merkel to intervene and she has taken a very careful approach to this matter, urging beijing to engage in discussions, to follow the rule of law, but she has declined invitations to meet with the protesters. shery: where do bilateral relations stand at the moment? selina: we have seen an increasing view from berlin in viewing china as a competitor. there has been this switch when berlin was very pro-china to being one of the leading advocates in the e.u. for taking a harder stance on the country. one of the turning points that has been noted is the 2016 takeover of a german robot maker by china's midea group. backlash toong that deal. we have seen germany taking a stronger stance when it comes to pushing back against intellectual property theft and investment. we saw germany block the deal

francine: matt miller speaking to the vw chief executive.k to matt miller standing by at the frankfurt auto show. hi. matt: i am here with someone from -- i am here with matthias zentgraf from catl. they make batteries in china and germany. you plan to invest up to 1.8 billion euros in a factory here. what has brought you to germany? matthias: customer requests, the rollout of electric mobility. we are producing locally. we made a valuation of different potential locations and came to the conclusion that the best --ation is matt: i know that bmw wants to purchase up to 4 billion euros worth of batteries from you over the next four years. daimler is also a shareholder in catl. you are a major player here. what is it like in this industry? how competitive is it? you make a different type of cell technology than byd or lg chem. matthias: we are pretty dedicated to lithium-ion batteries. meanwhile, two years in a row we are the market leader in lithium-ion batteries. first sure, we are ready to do everything to further strengthen that. matt: wha

so porsche is in, vw is in. >> i saw -- >> one reason why they're supportive of california's efforts,milar to what is worthy of the obama regs rolled back by the trump administration, leading to the big fight. they have the doj. >> you were correct. >> investigating investigating. >> very direct last week from -- to larry kudlow about how businesses actually fighting this idea you can have one set of standards and california is not -- california won fifth in the country it costing an outfit like ford, costing billions. >> fascinating story always worth pointing out, ford didn't declare bankruptcy. only u.s. automaker. they were left with more debt. >> they never crunched the debt. >> don't actually crunch the debt you still have the debt. well done, avoiding bankruptcy >> people don't remember that stuff now. the f-150 is a great seller. >> as someone pointed out, worth more than the ev of the whole company. >> they spent -- they put -- claus klinefeld was running alcoa. i have -- they're really -- talk about america. the president doesn't seem to care as much about -- wants to roll b

. >> between the gm strike news, ghosn and his settlement yesterday, today, the ceo of vw is indictedon diseaesel-ga. >> the biggest auto company in the world. that was dramatic and underreported on there has been so much shenanigans in the european and japanese companies, meanwhile, i thought they had a deal with japan. >> looks like complicated by a lack of guarantees on auto tariffs. >> that's negative the president is counting on that to be able to say, listen, stop focusing on -- there is other things going on. president needs a win here. >> opening belg. ubs global, celebrating climate week down here at the nasdaq, mgm biopharma -- how do you say it, bye fa biopharmaceuticals pharma is hard. >> there is a lot of pharma companies that have been really the place to be. if it is oncology. almost all the oncology companies have been on fire here overtime workers. >> i saw that. >> new overtime rules. >> the journal today doing a take on where things stand right now. and how they're trying to beat back any efforts in the current congress to initiate price -- i don't -- price controls

vw has already had to pay compensation to car owners here in the u.s >>> you're up to date, that is thean, i'll send it back downtown to you. >> sue herrera, thank you. still ahead, the vaping epidemic we'll hear from former fda commissioner mark mcclellan with his take on what he thinks lies ahead amid a slew of new reported illnesses and later, we're looking ahead stit stitchfix set to report results tomorrow what to watch for when the "closing bell" comes right back. - [spokesman] if you've tried college but never finished, (group cheering) snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu >>> welcome back let's send it over to mike for the final installment of the dashboard. >> a muddled position. that is what hedge funds collectively have assumed right now. take a look at this chart of net hedge fund positioning, the leverage that's being employed by long/short hedge funds. right now, it's very neutral it's been going sideways actually for som

however, vw will be required to install a second u.s. its german headquarters as another monitor of those activities >>> and rbc capital markets has raised its price target amazon shares to $2600 a share from $2200. that will be -- that would be a big market cap company that would be a so-called big cap. well over a trillion dollars at $2600. rbc bases the call on optimism surrounding amazon's new prime one day shipping initiatives shares are down this morning, but up almost 18% this year. and a long way from where some people want to be short at $1,000 because of government regulations. >> and steve liesman is here so welcome to september, folks otherwise known as a huge month for some of the biggest central banks around the world and 34r leamr. liesman is joini with the latest. >> it is a global downdraft in interest rates expected to pick up speed this month. september 12th european central bank meets their expected to ease in one way or another and followed by the fed, followed by doj and bank of england, bank of japan with the europ

emissions scandal — hundreds of thousands of customers are in court today to demand compensation from vw

girga had only bought his vw golf the day before and was driving aggresively and overtaking lines oftoday who said they could never recall a circumstance where the president himself was the subject of this kind of scrutiny. he has a track record that is working against him, if he is trying to make the case that he is careful in these circumstances. i have written stories about his disclosure of classified information to russian officials in the oval office, and he has repeatedly gotten into fights with his intelligence agencies, he is often siding with autocrats, including vladimir putin, the saudi crown prince, and the leader of north korea, over what his spy agencies are telling him. bird populations in asia and the us are "in crisis", according to two major studies. the first says there are three billion fewer birds in the us and canada today, than there were in 1970. the second claims that on the island of java in indonesia, more birds now live in cages than in the wild. 0ur science correspondent victoria gill has been to java find out more. sold in their thousands every day — in