and a first from vw.tery for eight years, meaning that if it loses more than a quarter of its full charge when new, they will replace it. audi hasn't done much in the way of electric for the past ten years either, although now they have this. sorry, that's another concept car. now, they have this. they have started with the popular style family suv, but at more than £70,000, can many families afford it? surely some things will never lose the roar of a combustion engine. when land tover decided to make the defender electric, you know there is a trend going on. it also updates its own software over the air. and then, there were the sports cars. the tycoon is porsche's first all—electric car and it shifts, ——tychan 0—62 in 3.2 seconds, with a range of up to 279 miles and a guarantee on that battery. ok, it's £115,000 but that's a 12k saving on its petrol performance equivalent, the 9/11 actual turbo. good value, maybe, but i have a feeling that it's that vw that will turn out to be super competitive is an en

and a first from vw — they will guarantee the battery for eight years, meaning that if it loses morearge when new, they will replace it. audi hasn't done much in the way of electric for the past ten years, either — although now they have this. sorry, that's another concept car. now, they have this. they have started with the popular style family suv. but at more than £70,000, can many families afford it? surely, some things will never lose the roar of a combustion engine. now, when land rover decide to make the defender electric, well, then you know there is a trend going on. it also updates its own software over the air. and then, there were the sports cars. the taycan is porsche‘s first all—electric car and it shifts — 0—62 in 3.2 seconds, with a range of up to 279 miles and a guarantee on that battery. ok, it's £115,000, but that's a 12k saving on its petrol performance equivalent, the 911 actual turbo. good value, maybe, but i have a feeling that it's that vw that will turn out to be super competitive as an entry model for most. that was dan playing with the everyday and the not—

electric may only represent less than 3% of all new car sales last year but vw have taken a close lookhem and reckons it's the future. well, it is obviously not real. these cool designs... each one brings out some concept ideas. interestingly on the volkswagen stand they were all electric. the real car they were launching was the ids. a sort of electric golf. with a 205 to 340 mile range, depending on the exact model. with prices starting from a competitive 30,000 euros. and a first from vw, they will guarantee the battery for eight years, meaning that if it loses more than a quarter of its full charge when new, they will replace it. audi hasn't done much in the way of electric for the past ten years either, although now they have this. sorry, that's another concept car. now, they have this. they've started with the popular style family suv but at more than £70,000, can many families afford it? yeah, i think there is this perception in the market that you have to pay more for the electric version of the same vehicle as you would for the gas or diesel. at least you can see that we are g

and a first from vw — they will guarantee the battery for eight years, meaning that if it loses moreit. audi hasn't done much in the way of electric for the past ten years, either — although now they have this. sorry, that's another concept car. now, they have this. they have started with the popular style family suv. but at more than £70,000, can many families afford it? surely, some things will never lose the roar of a combustion engine. now, when land rover decide to make the defender electric, well, then you know there is a trend going on. it also updates its own software over the air. and then, there were the sports cars. the taycan is porsche's first all—electric car and it shifts — 0—62 in 3.2 seconds, with a range of up to 279 miles and a guarantee on that battery. ok, it's £115,000, but that's a 12k saving on its petrol performance equivalent, the 911 actual turbo. good value, maybe, but i have a feeling that it's that vw that will turn out to be super competitive as an entry model for most. that was dan playing with the everyday and the not—so—everyday evs. last autumn, mar

and a first from vw.ntee the battery for eight years, meaning that if it loses more than a quarter of its full charge when new, they will replace it. audi hasn't done much in the way of electric for the last ten years either although now they have the. sorry, that's another concept because now, they have this. they have started with the popular stale family suv, but at more than £70,000, can many families afford it? i think there is this perception in the market that they have to pay more for the electric version of the same size vehicle than they would for gas or diesel. i think what you are going to see is at least at audi we are going into a lot lower segments in order to make electrification much more affordable. there are not many families that could afford 30,000 euros for a car. sure there are! but surely somethings will never lose the role of a combustion engine stopping when land rover decided to make the defendant electric, you know there is a trend going on. it also updates its own software ove

good value, maybe, but i have a feeling that it's that vw that will turn out to be super competitiveing with the everyday and the not—so—everyday. now, from electric to self—driving cars. for the past couple of years or so they have been tested on the roads of arizona, usa. but in 2018, things went badly wrong when one of them failed to stop and killed a pedestrian. last year, i visited the state to find out how the locals felt about living with autonomous vehicles. in chandler, there is the same mix of excitement and concern about self—driving cars that we have seen everywhere. the difference is, for these people, it is happening right in front of them, right now. it is big money saying, "hey, listen, this is cool, this is new, i'm sure you will like this because you see it and it's fascinating," but at the same time, you are costing people theirjobs and people who are taking care of their families. this is something you would see on tv when you were a kid in old 905 movies of self—driving cars and the fact that it is actually here at our fingertips, i think it is incredible. lyft d

and i am sure my friends at vw p will meet my other friends at their earliest convenience. >> thank you mr. speaker. >> mr. speaker i would like to start by paying tribbett to andrew muller the former who sadly died on christmas eve. he sadly lost to this house he spent over 20 years here, was an expert on science and technology, made in a norm's contribution to this house. our thoughts are with his family and friends and he is deeply lost and mourned on this side of the house for the great contribution he made. and i also joined the prime minister and sending sympathies and support to friends in australia where the fires havet claimed over 20 people along with the loss of human life hundreds of millions of animals have been destroyed as the results of this. this is a warning of what global warning does to all of us and we've got to take this very, very seriously. the threat of climate change. and i joined the prime minister also in their thoughts going to the friends and family of those who died in the ukrainian plane that crashed last night. >> mr. speaker, following last science atta

we're also using vw settlement funds and settlement grants to purchase more electric school and public transit buses. as we look even further ahead, i strongly believe it's incentives, not penalties, which will help us transition more quickly. i hear from vermonters across the state, those traveling long distances for work out of necessity, not choice, seniors and others living on fixed incomes who struggle to fill their gas tanks and heat their homes. i simply cannot support proposals that will make things more expensive for them. instead, my budget will propose more incentives and greater focus on affordable clean energy as well as restoring battery and renewable clean energy sector and the jobs it can create. i will propose giving small co-ops and municipal utilities more flexibilities in order to innovate. from clean energy to our 20 year $1 billion commitment to clean water we've shown protecting our environment can be done in ways that also strengthen the economy without making vermont less affordable for families and businesses. now, we're alsoth strengthening the health and saf

vw already owns about 50% of navistar.t is slightly less than the --pany's biggest investor shareholder. the architect of ibm's purchase of red hat, he replaces the longtime chief executive. she expanded ibm's reach in cloud computing and ai. since 2012, shares have lost a quarter of their value. that is where bloomberg business flash. alix: another thing we are all going to watch over the next 48 hours is the super bowl. it is a little event coming up this weekend. there is business involved. the super bowl is the most-watched program on tv almost every year. most experts actually think that gambling is a large part of that. legal wagers on the game are now expected to surge to 325 million this year. sports gambling is also booming in the u.s.. 21 states have now approved illegal sports betting. 14 of those will be active for sunday's game. another 14 states have asked state legislation to legalize gambling. the nfl profits from the super bowl as well. tv the driving force behind the league's revenue. at expects of 6% gro

it >> reporter: he got into a black car similar to a vw jetta. police stopped the wrong car. harris wasn't hurt but she'll have to get another door. it knocked a hole in the wall. two boards are a temporary fix, installed with the help of a city worker. the door was put in in 2017 after she interrupted another burglar at 1:00 am. >> when i was sleeping. so i heard this large crash. i jumped up. and i flipped on my hall light. and i peeked around the corner. someone had crashed in the front door. >> reporter: we asked why burglars seem to make a bee line for her house. >> i'd like to know that too. it's a very quiet street. and why they pick on this house, i don't know. >> i saw the cops and figured there was something going on on there. >> reporter: gary has lived on the street for 44 years. >> on the scary because i do have a grandson and i've got a daughter and son living with me. they're older. you're always worried about somebody breaking in. >> reporter: danville police tell me they're working a number of leads in this case. anyone with information is asked to call inves

why is the market giving so little credit to the porsches and vws of the world even if they are a coupleehind >> the reality is they're more than a couple years behind, call it three to five year, and tesla is moving at a speed that no one else is matching in these legacy automotive businesses. so it's not just trying to catch a moving target, we're trying to catch a moving autonomous target here the amount of skills they need to add in electric vehicle batteries, drivetrain, data, autonomous software, user interface, and all this will get more and more complicated and more network effects will be created around the data advantage that the early mover has such as with tesla with the supercharger network who knows how far -- how much further ahead they'll be five years from now >> to that point, paul, i realize that you can talk about it first, mover advantage with tesla, but we have something like ten different eb models poised to launch this year i wonder at what point does the competition -- the fact there's more on the market and is more competition, when that becomes a bigger piece o

and a first from vw — they will guarantee the battery for eight years, meaning that if it loses moreat more than £70,000, can many families afford it? surely, some things will never lose the roar of a combustion engine. now, when land rover decide to make the defender electric, well, then you know there is a trend going on. it also updates its own software over the air. and then there were the sports cars. the taycan is porsche's first all—electric car and it shifts — 0—62 in 3.2 seconds, with a range of up to 279 miles and a guarantee on that battery. ok, it's £115,000, but that's a 12k saving on its petrol performance equivalent, the 911 actual turbo. good value, maybe, but i have a feeling that it's that vw that will turn out to be super competitive as an entry model for most. that was dan playing with the everyday and the not—so—everyday evs. last autumn, marc cieslak was invited to new mexico in the states to see the world's first commercial spaceport. fire, fire! it's a little after 7am and i'm heading into the desert in new mexico, about 20 miles past a place called truth or c

just ask her boyfriend, tim permentor who was smitten right away when he met her at the vw dealershiphere he worked. >> what are did you think? >> she was gorgeous. beautiful. >> you were pinching yourself. >> oh, yeah. karen was one of the best women i have ever known. i thought she was the one. i thought she was a person i could settle down with. >> settling down hadn't been part of karen's growing up. she and her five brothers had been raised as military brats and moved bases a lot. now that family was gathering from far flung parts of the country for her funeral. shocked and in mourning for the lost sister who had been their glue. >> all the boys got involved in their own stuff, but then there was karen. she was really what connected all of us to the family unit. >> what does that tell us about her? >> um, she was a lot more important to us than we knew. um, i think she was always more interested in family as a whole than she was in herself. >> brother mike wasn't alone in thinking his kid sister could have been a sky is the limit person. >> she could have been anything she wanted

jeff: let's go back to vw. to switch out of diesel cars.primary auto catalyst in diesel cars. palladium is the primary one in gasoline. we have an increase in palladium. problems and another thing. that is the genesis of the issue. think about what has to happen they cause them to -- happen to cause them to switch. it is still such a small proportion of the overall cost. you need to have physical disruptions that are so large it starts to disrupt the ability to produce these. we are not there yet, which is one of the things we saw on friday. we rallied 10%. different group of metals, more focused on batteries, on electricity like copper and the electrical part. stephen: substitutions into platinum? jeff: absolutely. rhodium is another one that rallies. rush, itf the new gold is the new precious metals rush. one of the key reasons is that they are all critical in terms of thinking about these industrial applications more youdly, but second of all, have the monetary demand for gold and platinum, which is helping. stephen: copper is the most -

vw moreld just bring into the u.s. truck maker. we will see how they react at the open.ani, you aret, covering bbva. i'm not sure i can do the rest of it. what is the story with the bank? [laughter] dani: i thought that was a great pronunciation, matt. in the fourth quarter, they swung to losses. the culprit was a $1.5 billion write down in the u.s. unit. strategists did expect to this, so the loss is narrower than the median estimate. this really makes clear the struggle they are going to have. they are trying to look outside of their home market because interest rates are so low set by the ecb right now. other units like the u.s. are showing financial struggles in their own right. talk to phil about aston martin and the battle for appropriate funding for the business. what is the latest? right.hat's aston martin has signed an agreement to raise about 500 million pounds. they are getting 180 two million pounds from a canadian investor, lawrence stroll. this is really crucial for aston martin. they are in a tough spot. it has been one of the worst ipo flops we have seen

i thought it was interesting ceo of vw in an internal meeting said, listen, we're far behind on software our game that's a really interesting comment coming as they are launching id 3, are they having issues as they ramp and master the software skills necessary? who knows. >>> speaking of software, autonomous is also again part of the investment case for tesla where a lot of people who are positive on the company's prospects believe it has an opportunity to dominate. when you're at ford we are talking about autonomous that's starting to rearview mirror, be in the rearview mirror how many years before we're starting to see these vehicles why is it more difficult than some optimists thought >> initially there was a lot of optimism around this clearly you have to, whenever you're introducing new technology, you can get 90, 95% of mastery of what you need. it's the last 5% that's really hard in the case of autonomous vehicles, your designing for rules of the road but then you also have to design for unwritten rules of the road. so i think that is pushing out some of the time lines in the cas

over navistar, company is offering $2.9 billion, combining two of the world's largest truck makers vwng more than 50% on that news >>> some other stocks to watch, visa reporting record profit in the first quarter as it processed more than $3 trillion in transactions but revenue did fall short of estimates and the company says revenue will be hit this year by incentives it provides to banking clients. visa is spending more on rewards and perks pushing up operating costs by 14% this quarter. visa is taking about 40 points off the dow, the stock is down by 2.7%. ibm is basically adding back that same amount >> 2013. >> 2013, sorry >> ravens/49ers. >>> quick final check on markets, before we say good-bye and tell you have to a great weekend. a quick look at futures, the dow off about 155 points, nasdaq up about 43 points. s&p 500 looking to open off six points enjoy the super bowl, folks. we'll see who the winner is and have a great weekend and don't call in sick on monday "squawk on the street" begins right now. ♪ ♪ and i want to say all right, and i want to say all right ♪ >>> good frid

stuart: who knew that volkswagen was the parent company these days of porsche, that's why we are quoting vw in our homes, we have all devices, all of us have devices, most of us do to help us keep tuned in what's going on at home when we are out, ring, you get the point, how do you make sure that the device is working for you and not for the hackers, good story and we are on it, our next guest says that the 2010's, that was a decade of real estate recovery, i want to know the housing market in the so-called 20's, jerry howard is next. lauren: i like that house. ♪ ♪ stuart: well, well, we just hit 29,000 again, we backed off a tad, we are at 28,899 point 2, got it, president trump china's vice prime ire are at the white house, you can watch it live, history being made, watch it here, varney & company, now this, do you remember this awful video, the man who hacked into a home and told the kids he was santa claus, awful stuff, watch it, please. >> who is that? >> i'm your best friend. i'm santa claus. i'm santa claus. don't you want to be my best friend? stuart: any parent would find that hard

. >> why >> what we're looking at from a technology perspective, bit's nt comparable vw is having troubles are late. look at what's going on with the id4 platform, they're actually at least two if not three, four years behind where tesla is at from a powertrain design as we go into the second quarter when we get this analyst and battery technology, i think what's going to come to light is the tesla's expertise around material science in terms of bringing technology into the commercial realm that really functions through the power train effectively will become a lot clearer and that lead will be a lot better understood by investors across the board. >> having said that, the enthusiasm is well past your price target as well you have a price target of $612, stock is $636. >> we raised it last night. >> to 684. >> based on what you heard on the call last night? >> yeah. there's two elements that are going on here for us the lease accounting they're giving better lease rates than we expected and better margins on that profile. we were asking about the pricing power on the call last night they