werethis is what investors hoping would happen with vw.here is a corporate obstacle for them to really break up and sell assets, especially a luxury standard, the sale of brands like that. it is difficult for them to do this battleship. that said, they are doing stuff with commercial trucks. maybe they could sell some of that stick down -- stake down a little more, but i would not hold my breath for them to break up anytime soon. this is an execution story, an ev execution story, and they have to scale to do it. they are selling these kits to oem's.otentially other they may come out the other end of this benefiting from the scale and not breaking up after all. alix: the euro recovery fund, a large part will be a green initiative, a large part will be to phase out the combustion engine. .2one point -- what combustion engines die out? in reality, with the big push and a stimulus coming down? tom: if you look at europe, 2030 to be 100%, that is doable. the other issue is everybody is concerned about ev's, but you have to make these things and

a very didifferent point of v vw coming from netflix.d hastings has been talking to the wall street journal and says his workforce will be back in the office as soon they can be vaccinated. debating ideas is more difficult when people are working from home. he said he doesn't see anany posisitive of not beenen able tt together in person, particularly internationally. he's been impressed by sacrcrifices. netflix was one of the big owners of the pandemic as they had record subscriptions. anchor:: thank you. thank you very much. it is time for a quick break. i am back in just a few moments with some more world news. stay tuned france 24. -- two france 24. to frae 24. >> fake news. job is to24, our provide you with information that has been verified. we check sources and facts. we sort what i is true f from wt is fake. verify videos circulating online. if they are fake, we let you know and tell you how we spotted them. viral stories to shake out the truth from the trash. day, we scour social networks to find f fake newews t migration. news b

we have the trucking company unit spun out of vw saying they are going to up their goal by producing fully electric vehicle by 2025. so clearly the incumbents across the space are not resting on their lurrels here they are working on a battery that will result in a $25,000 ev fully autonomous in three years. how significant is this? >> i was a bit surprised in the autonomous futures yes, we are working more on the vehicle. the other thing, the big thing here is that this driving technology will be available within the next three years. i'm sure the oems will work on that and those big challenges in terms of the legal issues and convenience. the way he's said that is a big thing. we have to take into account this there was a bit of negotiation in their meeting we have to take the announcement on a very good way and understand that it will take longer than what you said. >> one of the major contributions tesla made is bringing electric vehicles into the mainstream and part of that initiative even more to cut the price of the vehicles, to 25,000 makes these more accessible to a wider po

china accounts f for arouound 40% of f vw sales and s become the world's largest car market in recent years. electric motors are in the spotlight is beijing's twenty twenty motor show takes place this week the first and likely only such showcase for the industry this year. james wilson has the story. it's the event they thought might never happen. the beijing auto show is likely to be the world's only top military expo in twenty twenty. i made one of the most turbulent years for the cocoal industry on record. s long damages brought their economy to a standstill sales plummeted on chinese consumers bought only three hundred thousand vehicles in february. a drop of over 80% on the previous month figures. however the industry has quickly bounced back last month two point two million vehicles was sold. and industry insiders say they are cautiously optimistic about the future. i think glglobally we still facee a lotf challenges due to hold nineteenth. in china i think with a a very quick containment. health off and damaged by the chinese government i think- all we have seen lots of promisi

more than the obama biden administration on criminal enforcement dollars, i was not counting the vw settlement which was the first year the administration or the work in the obama administration or the dialer settlement, once the dimer settlement is finalized we will have collected twice as much enforcement as the obama biden administration did in the first four years. >> the clean energy will and waters rule, the climate rule in the dc circuit will be argued in october. that is in the dc circuit out west, in a nutshell how would you describe what has been achieved and why should the court sustain them? >> we replace the clean flower -- clean power -- i'm criticized for that. people need to remember the supreme court issued a stay on the clean power plants, never took affect. they've never done that for and financial regulation. i look at that as the supreme court saying the obama administration went outside the bounds. what we did, the cleaner act formulated the ace will wish follows the law and would be upheld by the dc circuit and the supreme court if it goes to the supreme court. as soon a

person to take the production of batteries in-house, lowering their cost structure dramatically over vwther major competitors. but here's the part most people aren't focusing on we're heading into a new phase globally, which is the electrification of everything. cars, buses, airplanes, everything there is going to be a large global dearth of lithium ion batteries. so he's not only bringing the cost in-house, he wants to make sure he has production when others don't two or three years from now, people will say, that guy was absolutely on the cutting edge >> yeah, and i know his former colleague is also trying to recycle batteries, even cell phone batteries, to address this issue. we look forward to hearing what's going to be announced today and the changes it could portend. joseph osha and michael, thank you. >>> plus carvana is going the other direction and soaring as they give a very rosy outlook. we have stock at 32% today >>> temployees are working in a pretty unexpected place. we'll show you that after this you can't predict the future. but a resilient business can be ready for it.

stay saf >> woodruff: and for the republicans' vw on the supreme urt nomination fight, tomorrow i'lltalk to senator john barrasso of wyoming. >> woodruff: in the day's other news, the nation neared a somber new milestone in the covid-1 pandemic: 200,000 deaths. that count comes from johns hopkins university, which also says the global death count is closing in on one million. we'll return to this, right after the news summary. >> to count absentee ballots up to six days after election day. meanwhile, campaigns officiid joe biden and his campaign officials say the biden september with $466 million. that compares with $325 million for the president and his allies. a former topeputy to special counsel robert mueller says the evidence was there that president trump obstructed justice, in the russia investigation. but andrew weissmann says mueller would not say that, explicitly, because mr. trump could not be charged while in office. weissmann spoke to "the atlantic," ahead of publishingsi his r account. the u.s. jtice department reatened today to cut federal and portland, oregrk, seattle

this is former vw employee expedito batista. after thegen chased workers. they incarcerated us inside the factory. workers were handed over to the political authority at the time. timewagen's conduct at the was willful. the settlement does not completely satisfy us. we deserve more given our rights, but this is better than nothing. amy: the settlement will compensate victims who were arrested, beaten, fired from their jobs and then blacklisted, unable to find employment for years. brazazil's fafar-right presesid, former army captain ja bolsonaro, has prais b brazil'ss mimitary dictotorshiand hahas called for the rtorationf manyf its pocies. and those are some of the headlines.s. this is democracy now!, democracynow.org, the ququarante report. i'm amy goodman. when we come back, we look at president trump's statement saying he refuses to commit to accecepting the results of the upcoming election if his rival joe biden wins. stay witith us. ♪ [music break] amy: "people have the power" -- audio of a virtual gathehering y patti smith with michael stipe, joan ba

these companies can give their cars away, vw, porsche. [ speaking simultaneously ] >> $40 billion inenue, how is it worth $20 billion? it's got to be worth some multiple in revenue. your numbers are absurd. liz: okay. let me just -- >> i get it. but it's absurd. liz: okay. we are going to jump in here because we are running up against the clock. i'm going to have you both back throughout certain periods of this. >> i think what he's doing is very disingenuous. liz: all right. >> it gets old. it gets old. liz: gordon, thank you very much. this is a bull/bear debate. great to have you both. we will have you back. i know you want to go at it again. of course, 5:30 p.m., tesla battery day. ross and gordon, thanks. >>> charlie breaks it on tiktok. we are at session highs with the dow up 148 points. first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loa

think ordinarily if a company is a few years away from revenue, that implies there's technical risk vwse batteries in their labs in germany at automotive rates of power that is key. a lot of solid state batteries don't work at high rates of power which is required for all the tuomotive. more importantly the reason why the revenue is out has to do with the automotive qualification process. it just takes time to go through the process of getting technology into cars as it should human beings are sitting in cars you don't want the technology like batteries, for example, to not be fully vetted. relative to market risk given the science risk and vw's commitment to the technology, we feel good that this is going to be real. >> jagdeep, how much more real will this be take the standard, i know there's nothing standard, how much greater will the range be with your batteries? >> depending on what you compare it to? between 50 and 100% greater range for the same size of pack which is substantial as importantly as the range is the fact that you will be able to fast charge these batteries with our

found fascinating, his concurrence, o maybe it was a dissent in bays,o the lethal injection case in vw which he wrote separately to indicate his view that he felt that the death penalty was unconstitutional. very striking part of that iencn opinion, and i'll read it again. i'll read it here. i have relied on my own experience in reaching the conclusion that the imposition of the death penalty represents the pointless and needless extinction of life with only marginal contributions to social or public purposes. the thing i respect a good deall about justice t stevens' opinios were they were quite candid.at y and the candor h in the opinion is very helpful to get at what are the real issues people arer focused on and what may have been motivating him in any given case. at the end of the day, when you look at the disagreements between the two, the disagreements were quite for fundamental, and i think both of them did a very able job in laying out for the resh of the courtwh and for the law consumio public what theirme views were f sort of some of the top issues of the day. when it comes t

first off, farm broadcaster with wi vw radio and the kansas agriculture network in topeka.ext is jennifer lasky, associate editor with the high plains journal in dodge city. next up is tim carpenter, reporter with the kansas reflector in topeka. anchor and, michael, fact finder 12 investigator in wichita. and finally, let's go over the rules for today's debate. each candidate will have three minutes for an opening statement. when questions are asked to the candidate, they were alternate in who will answer the question first throughout the days debate. willxample, candidate a have one minute to respond. that will be followed by candidate b, who will also have one minute to respond. then candidate a will have 30 seconds for rebuttal. each candidate will have two minutes 30 seconds for their closing statements. serving as our timekeeper for today's debate is dan johnson, farm broadcaster with the kansas agriculture network and wibw radio in topeka. a blind draw was done friday afternoon to determine the order for opening and closing statements. the opening statement will be st

to settle a variety of lawsuits compared to the 4.3 billion vw paid over there emissions scandal.want to see this put in the past for fiat and they probably like the price tag. anna: i still cannot get used to the name. i'm sure i will warm to it. dani burger with the latest on your stocks to watch. coming up, the market open. update. an greg's could be on the move. futures suggest downside. u.s. futures fairly flat after strong gains yesterday. ♪ ♪ on till thete to go start of cash equities trading this tuesday morning. topirmed coronavirus deaths one million, but some ask spreads -- some experts estimate the figures could be far more than that. numbers spike in germany. the equity rally calls in asia. assessors are -- investors are assessing the democrat's stimulus proposal. later on, donald trump goes head to head with joe biden tonight in the first presidential debate. uber scopes out free now. the ride-hailing giant considers the purchase of daimler and bmw's joint venture. point in uber gain three -- 3.3% to the u.s. close. matt? matt: take a look at futures this morning. we

the auto company, vw, just unveiling its new electric suv. it will be assembled right here in tennessee, usa. volkswagen of america president and ceo, scott keough will give us all the details a very busy hour coming up. johnson & johnson is beginning a late-stage trial of the one-shot coronavirus vaccine. jackie deangelis with all the details. hi, jackie. reporter: good afternoon to you, david, that is really important. late-stage testing will get to us the vaccine this is phase three for johnson & johnson. administration operation warp speed has four candidates now, this is the fourth one to get the late-stage testing phase. phase three for johnson & johnson will be 60,000 people across the country and abroad. moderna, pfizer, astrazeneca, they are the other ones right now in the late-stages this is coming as the department of health and human services just announced $200 million as well to try to get certain jurisdictions ready to administer the vaccine. it will help them to distribute it and put infrastructure in place. but it is importan

statistic to drive home how wacky this is, those top five auto makers we are talking about toyota, vwrenault, mitsubishi along with gm and hyundai, you add up all of their sales last year, they cold over 33 million vehicles. how many did tesla sell last ye year 360,000. >> certainly the price action is no longer related to unit sales but it was night to see us get to 15 million run rate for the year yesterday phil lebeau on ford, we will talk to you a little bit later on. >>> mike, we haven't touched on macy's, but narrower than expected loss, e com up 53, gross margin 23.6, we were looking for something more like 20 so the battle continues to pivot and adapt to a model that obviously is a much different one than the classic department store model we are used to. >> for sure. no surprise really to see that kind of year on year gain in e-commerce, almost every chain has been reporting that. we don't have the absolute numbers. what's interesting is how the market treats macy's, you know, it's trading at 7 and change, bottomed below 5 in the spring, it still was at 17 before this whole c

nava star is up big this morning as vw this unit boosts its bid for the company from 35, they're going43. this is a storied name, been around an awful long time. >> yeah, i mean, look, construction company whether it be cat, whether it be volvo, seeing a lot of business ag by the way i know that stephanie link has been saying deere, deere, she's right. i think that this is a sustainable turn i think that people are very reluctant to buy cyclicals because they think how does it possibly happen, but the numbers are the numbers and trucking has been -- the makers of trucks, they're doing quite well yesterday caterpillar hit a high nobody could figure it out it could very well be this last night we had 7% plus in rails. we have had negative, negative, 7% carloads up, that's intermodal, that's truck that's a win >> jim, here come the cruise lines, some of the retailers, kohl's, gap, carnival, norweigian, royal. so that trade is rearing its head again. >> that trade is back. gap stores it's so funny people talking about@let at that having ooth 6% growth versus lulu, that is back. the robin h

but i think there's been a lot of work done, you know, as they talk about here, i wouldn't discount vwrs i wouldn't discount some of these others that are working on this technology. so as it develops, they're not out on the bleeding edge, right, so they're going to be able to learn from some of these technologies that have been developed and they'll be able to catch up pretty quickly. they have tremendous resources to be able to pour into this thing, certainly gm has done it, they've switched from the traditional combustion brands and certainly said we're focused on electric vehicles and also trucks so i think the competition in my opinion is going to get much more aggressive, much more competitive than having the single product out there with tesla. that's my opinion going forward, as people start, but again the big challenge is they got to be able to, with gasoline prices where they are today and the u.s. market, where we were at energy independence until the pandemic, people still love these big combustion engine vehicles >> yep >> no question about it. >> i guess final question th

. >> whether any american vws in either city? >> yes. there were american p.o.w.'s in the area of both hiroshima and nagasaki. a number of personal accounts came out after the war about their having witnessed the bombings. i believe there were even pwc believed that they had heard or seen a flash for both hiroshima and nagasaki, which gives you some idea of how far away it was possible to see and hear these explosions. >> next up, frank in lexington, north carolina. good morning. >> good morning. i'm calling from my father. i have his testament that he carried, and he made notes in this during his service. he was a navy courts men, and i'd like to share. this is the aftermath of the dropping of the bomb. japan, september 60, 1945. he had been training for the invasion. he arrived in japan september 22nd, 1945. that is the seaport next to inland nagasaki. two weeks after being there, and he was on both sides, at least from the veterans administration, he was all around nagasaki. he talked to me about treating the people that had been survivors, but within two weeks,

you can see folks like vw that are introducing a model in europe that's having a lot of problems they'regineering company. finally the c o2 regulations, even during the covid downturn, no country whether it's china or europe, they haven't backed off one inch on their c o2 reduction targets, and that's going to go well before electrification. i think a lot of investors are looking at that. you have lots of millennials who are on robin hood, other platforms, staying home saying, hey, this is a little bit like fantasy football and i think that's a little bit driving t. you're going to see a lot of volatility over the next couple of months with this company because they have proven, listen, they can successfully raise money literally on the backs of their shareholders, but they have yet to prove they can generate a huge return and that's decently important in the automotive business. >> there's a lot to unpack in what you said. first to market, they have a lot of advantages with the battery, but you wonder -- and with technology that's what we talk about when we have some of the old car guys

the issue is, all the big boys, ford, gm, vw, they brought out battery power. you look at tesla r&d, that has dropped. they are not even investing. you look at his missed promises. you have to be very skeptical. next year, i think they'll go back to losses as that credit revenue falls. >> in terms of the fact for batteries, you don't believe what elon says he's going to be able to do in terms of what the battery will be capable off or the number they'll be able to buy from existing suppliers. it had been pushed out a little bit. you don't think those are realistic projections mr. musk is making. you don't expect those to come true either. there is math you can do 65 gigawat hours on top of the cyber truck, and giga factory in texas and germany. they need to raise billions more and invest significantly in r&d which they are not doing there is massive competition coming this reminds me of ford versus ferrari. every automaker in the world is coming for tesla's neck. 46 new evs are coming. >> the move in the stock in terms of raising capital, they are in a better p