i spoke with the volkswagen trucks ceo. >> the most important point for us, is that volkswagen make the decision. i think it is a perfect combination. of course there on securities in the market, but they will always be there. we are happy we got the decision of volkswagen, and now we can go further and develop our strategy. matt: what are you going to do with the proceeds of this ipo? are you going to boost your stake in navistar, for example? are very know, we happy with our partnership at the moment, and there is no intention to change this. we have a very positive alliance, and we will go further in strengthening our overall partnerships with them and others. we are following our global champion strategy. the ipo was one part of that strategy. matt: what kind of growth do you expect, selling the case to investors? what will you tell them about growth in profits, in market share for traton? wethe last couple months, did a lot of investor education, and the feedback was pretty good. the equity story was really potential and our investors were convinced we will be able to meet our goal

how much headcount reduction to uc for volkswagen -- do you see for volkswagen? you have the future tech was determined a 23,000 reduction in headcount. drop in futureo fields of business. the transition to more electric vehicles would put pressure on the total number of people we need. sense. not make any we need to bring respective products to market. we will learn how much progress is to be made for the time being. they have a plan and are executing it. everything else is speculation. -- will impactof the entire business we are doing. i think we altogether share the view that we need to get our act together in terms of efficiency and productivity. that is what we are committed to. ont: in terms of executing planes, investors have been waiting for you to unlock value from the truck vision. when are we going to see that go forward? frank: the earlier the better. the market conditions have deteriorated the past couple weeks and months. the market did a little better. after the unfortunate decision we had to make, we are assessing the situation continually. but th

and former volkswagen workers in brazil have a beef with their one time employer it goes back to the country's military dictatorship will give you the details. welcome to the business of stephen beardsley good to have you with us german pharmaceuticals and chemicals giant buyer has lost yet another lawsuit related to the weak killer round up which is made by recently acquired company months. a jury awarded a retired american couple $2000000000.00 from buyers coffers and while any payout is likely to be far less than that it's another bad sign for a company facing plenty of litigation. and. a round up caused their cancer so they sued even though a lot of people believed they wouldn't stand a chance against by and court. we've been finding cancer for. 9 years now holly than me and it was caused by a round of. changed our lives forever. we can't do the things at least to be able to do and we really resent monsanto for that. their lawyer told the jury and turn over documents proved months until wasn't interested in determining how dangerous its product is now by a has been hit with $2000

one higher that is volkswagen. this is bloomberg. ♪ guy: 30 seconds to go until the end of trading in europe. europe retaining -- returning today. volume reasonably good. the dax is great but it is outperforming. elsewhere we are seeing weakness. a number of stocks like unilever on the ftse 100. what is weighing on the ftse is the mining sector under pressure. the dollar may be a factor. the dax is outperforming. i will show you would volkswagen looks like in a moment. the cac 40 is underperforming, down .8%. three mainre are ones on the cac 40. let's talk about where we are with some of the individual names and what is happening with the sector story. this is what the breakdown looks like in terms of the names. volkswagen trading strongly today. good numbers. we talked about the tesla affect a few moments ago. let's talk about what is happening -- another stock we are watching carefully. it has gone next dividend. we have what is happening with the bayer story. positively on good news coming out of the united st

volkswagen up more than 2.5%. first-quarter profit beat expectations and they will meet there go for the year. the cfo said the company is undervalued and metro bank, plunging this morning. more than 17%. two months of depositors pulling cash in the wake of misclassification. that really hurt the british lender last year. anna: those numbers, dropping for the end of the session yesterday but impacting today from metro bank. next, we speak with the banking sector and break down the numbers from bmp, ing, and lloyd's. many reporting in london and across europe. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: the european open." 20 minutes into the trading day with red arrows across the board after the dax falls from slight gains. we had a bank earnings from across europe. paribas -- bnp fixed-income posted a first quarter jump. efficiency was undermined in a surge in spending to prevent wonder -- money laundering. ford's missed estimates past misconduct and moving 12 business. barclays investors vot

and former volkswagen workers of brazil have a peace with their one time employer it goes back to the country's military dictatorship to keep the details. welcome to the business of stephen beardsley good to have you with us. german pharmaceuticals and chemicals giant buyer has lost yet another lawsuit related to the weak killer round up which is made by recently acquired company months. a jury awarded a retired american couple $2000000000.00 from buyer's coffers and while any payout is likely to be far less than that it's another bad sign for a company facing plenty of litigation. and alberta police say round up caused their cancer so they sued even though a lot of people believed they wouldn't stand a chance against buyer in court. we've been finding cancer for. 9 years now and in the knee and it was caused by a round of. changed our lives forever. we can't do the things that we used to be able to do and we really resent monsanto for that. their lawyer told the jury and turned all documents proved months until wasn't interested in determining how dangerous its product is now by a ha

and former volkswagen workers in brazil have a beef with their one time employer it goes back to the country's military dictatorship you details. welcome to your business i'm stephen beardsley good to have you with us german pharmaceuticals and chemicals giant buyer has lost yet another lawsuit related to the wheat killer round up which is made by recently acquired company monsanto a jury awarded a retired american couple $2000000000.00 from buyer's coffers and while any payout is likely to be far less than that it's another bad sign for a company facing plenty of litigation. elva and alberto pilly od say round up caused their cancer so they sued even though a lot of people believed they wouldn't stand a chance against by and court. we've been finding cancer for. 9 years now to the knee and it was caused by round of. our lives forever. we can't do the things that we used to be able to do and we really resent monsanto for that. their lawyer told the jury and turned all documents prove to months until wasn't interested in determining how dangerous its product is now by a has been hit w

maybe you could tell the listeners about what recently happened in tennessee at the volkswagen plant, where actually the republican governor -- and remember, the republicans say that the government has to stay out of private business -- where the governor actually shut down the production line at the volkswagen plant and had a captive audience of the workers there because they're going to have a vote on whether they want to join the united autoworkers union, and the governor actually threatened them that if they did vote for a union, he would pull -- i think it's approximately a $900 million tax giveaway to volkswagen. keep in mind that volkswagen and germany has a working relationship with their union members over there, and i think it's pretty outrageous that a governor would come in and they actually shut down their production line and closed the doors and all the workers had to attend this anti-union diatribe and actually be threatened. host: wok, we will let our guest respond. guest: mike from ohio, i would say that's a classic example of the captive audience problem we are tryin

he explains that the cooperage take his engine actually comes from the volkswagen. that's part of o. swags much of their design concept and puts out 300 horsepower more than you generally need on country routes but then it's always nice to have some power in reserve he says for example when you need to pass quickly. close finds nothing to complain about he really likes the driveability though the car under steers a little time to see what it can do on the track its it. on the majorca circuit close is able to push the and take it to its limits. but 1st here's a summary of the model specs. close thinks the 400 meters of torque from the turbo charged engine is more than enough to exit tight curves at a good clip he points out that the all wheel drive also provides the traction needed to accelerate out of curves and get up to speed fast on straight away. chanelle to get. the thrust is put through a newly developed 7 speed d.s.t. dual clutch automatic transmission and being close confirms that the car waffles a little when turning through a series of back and forth tight

and former volkswagen workers in brazil have a beef with their one time employer it goes back to the country's military dictatorship to keep the details. welcome to the business of stephen beardsley good to have you with us german pharmaceuticals and chemicals giant buyer has lost yet another lawsuit related to the weed killer round up which is made by recently acquired company months to a jury awarded a retired american couple $2000000000.00 from buyer's coffers and while any payout is likely to be far less than that it's another bad side for a company facing plenty of litigation. and alberta pilly odds say round up caused their cancer so they sued even though a lot of people believed they wouldn't stand a chance against by and court. we've been finding cancer for. 9 years now holly than me and it was caused by a round of. our lives for ever. we can't do the things at least to be able to do and we really resent monsanto for that. their lawyer told the jury and turned all documents proved months until wasn't interested in determining how dangerous its product is now by a has been hit

how does the volkswagen product stack up compared to what tesla offers? benedikt: we don't know that much about the car yet. we've seen it, but haven't been able to look inside, so we don't have a proper look and feel of the car. to 450ise, probably 350 mile and, so close to tesla and what they can deliver. one of the key things that concern people in the market, do we have enough range with this car? that is something people here in germany are afraid of, being stuck on the audubon without fuel. that is something that companies want to avoid. over time, we will probably see this car get more range, but this is the opening salvo from the company. they want to get into the higher end, bigger cars, but say this is a sweet spot where they want andest the market, eventually more than 20 cars will doing this initial id3. taylor: geographically, we know within the auto sector it is all about china and meeting the demand there that is growing. tesla is building a gige factory in shanghai. what are vw's ambitions to take on china? benedikt: they certainly want to

he explains that the cooperage take is engine actually comes from the volkswagen g.t. i that's part of both wagons modular design concept and puts out $300.00 horsepower more than you generally need on country roads but then it's always nice to have some power in reserve he says for example when you need to pass quickly. close finds nothing to complain about he thoroughly lacks the drive ability though the car understeers a little time to see what it can do on the track. on the majorca circuit klaus is able to push the intake into its limits. but 1st here's a summary of the model specs. that close thinks the 400 meters of torque from the turbo charged engine is more than enough to exit tight curves at a good clip he points out that the all wheel drive also provides the traction needed to accelerate out of curves and get up to speed fast on straight away talk to chanel to get. the thrust is put through a newly developed 7 speed d.s.t. dual kludged automatic transmission and being close confirms of the car waffles a little when turning through a series of back and forth

he explains that the cooperage take his engine actually comes from the volkswagen g.t. i that's part of most wagons much of our design concept and put some 300 horsepower more than you generally need on country roads but then it's always nice to have some power in reserve he says for example when you need to pass quickly. died and close finds nothing to complain about he thoroughly likes the driveability though the car under steers a little time to see what it can do on the track. on the majorca circuit klaus is able to push the a taken to its limits. but 1st here's a summary of the model specs. close thinks the 400 meters of torque from the turbo charged engine is more than enough to exit tight curves at a good clip he points out that the all wheel drive also provides the traction needed to accelerate out of curves and get up to speed fast on straight away. the threshed is put through a newly developed 7 speed d.s.t. dual kludged automatic transmission that made being close confirms of the car waffles a little when turning through a series of back and forth tight curve

he explains that the cooper a take his engine actually comes from the volkswagen g t i that's part of o. swags modular design concept and puts out 300 horsepower more than you generally need on country roads but then it's always nice to have some power in reserve he says for example when you need to pass quickly. died in the clouds finds nothing to complain about he thoroughly likes the driveability though the current or steers a little time to see what it can do on the track. on the majorca circuit close is able to push the intake and to its limits. but 1st here's a summary of the model specs. close thinks the 400 meters of torque from the turbo charged engine is more than enough to exit type curves at a good clip he points out that the all wheel drive also provides the traction needed to accelerate out of curves and get up to speed fast on straight away. chanelle out. to get out of. the throws to put through a newly developed 7 speed d.s.t. dual clutch automatic transmission time and being close confirms of the car waffles a little when turning through a series of back and forth tig

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don't miss the volkswagen sign then drive event. there's nothing more important than the education of a young mind. let's go. let's go. let's go. except maybe being first in line to the grand opening of the world's largest rollercoaster. [ cheering ] the volkswagen atlas. more room means more fun. another wireless ad. great. so many of them are full of this complicated, tricky language about their network and offers and blah blah blah. look. sprint's going to do things differently. and let you decide for yourself. they're offering a new 100% total satisfaction guarantee. try it out and see the savings. if you don't love it, get your money back. see? simple. now sprint's unlimited plan comes with one of the newest phones included for just $35 a month. so switch now. for people with hearing loss, visit sprintrelay.com (woman) (man) have you smeno.d this litter? (woman) nobody has! it's unscented! (vo) tidy cats free & clean unscented. powerful odor control with activated charcoal. free of dyes. free of fragrances. unscented odor contr

he explains that the cooper and take his engine actually comes from the volkswagen g t i that's part of o. swagger as much of their design concept input sound 300 horsepower more than you generally need on country roads but then it's always nice to have some power in reserve he says for example when you need to pass quickly. died in the clouds finds nothing to complain about he thoroughly lacks the drive ability though the car understeers a little time to see what it can do on the track. on the majorca circuit close is able to push the intake into its limits. but 1st here's a summary of the model specs. that close thinks the 400 meters of torque from the turbo charged engine is more than enough to exit tight curves at a good clip he points out that the all wheel drive also provides the traction needed to accelerate out of curves and get up to speed fast on straight away. chanelle to get. the thrust is put through a newly developed 7 speed d.s.t. dual clutch automatic transmission time and being close confirms of the car waffles a little when turning through a series of back and forth

fold the rear seat bench forward creating story space for evening wear or what have you it said that volkswagen later patent this feature. i'm going to have the folksongs beat on. the stone ku pays front section is identical to the production model beetle. it's stylish head like covers and folding canvas some proof were available at the time as optional accessories everything else though was custom built. i was high i think as heat and bigger stuff things these indicators on the b. pillar and these air vents so-called rheumatism flaps look pretty peculiar about today's standards this feature was installed only in 1051 models but the still kootenay also has a special silhouette with beautiful wheel covers and is striking notch back and says christophe here you can tell it's all been built by hand truly one of a kind i will copy it. underneath the hood is the granddaddy of all v.w. and shoots a 4 cylinder boxer engine with 1 point one leadership displacement and 24.5 horsepower. i look up put the crystal says it takes about 50 seconds to accelerate from 0 to 100 kilometers an hour the car's top s

andreas: the most important point for us is that volkswagen made the decision. to ipo now, the e shares. i think it is a perfect combination, but they will be always there. we are very happy that we have the decision of volkswagen, and now we can go further and develop our strategy further. anna: volvo cars has signed a multibillion-dollar electric battery deal with two leading asian manufacturers, one in china and one in south korea, who agreed to supply the carmaker. volvo cars want half sales to be fully electric by the middle of the next decade. hakan: we are not alone going electric. so, of course, this is the main thing with the dealer. we need to secure that. i think we have been discussing and negotiating for a long time, of course, but we have been very clear in our strategy. i think it has helped us. i think we are good partners to them. they know we are serious. we are going to go electric, and we need them not just to get the , volume, but to have them as development partners, because there's a lot of things going on in the chemistry to have the next

these are your headlines this thursday morning from london volkswagen shares rise after the german car maker backs its 2014 outlook and surpass expectations they tell cnbc challenges remain while the company moves toward an electric car. >> cost per kilo per hour is severe zidecisive factor. we knew it was hard work and have to find offsets >>> shell jumps after they beat first quarter profit estimates strong quarter trading offset falling oil prices meanwhile out of fashion german fashion house misses first quarter earnings forecast on higher costs and a strong dollar. >>> the fed holds steady u.s. stocks drop fed chairman powell dampens the prospect of a rate cut. >> the committee would be concerned if inflation would be running persistently above or below 2% we do see good reasons to think that some or all of the unexpected decrease may wind up being transient. >>> welcome to the program we've got some final manufacturering numbers out from across the euro zone i'll bring those to you quickly now. final manufacturing pmi was 47.9 versus 47.8 and slightly higher than the march number

hey it's sunday, everybody where you can get her >>brought to you by your northern california volkswagen dealers visit dw dealer dot com. >>what a night for bay area sports rockets warriors at oracle will have an update in a bit but first we begin in san jose sharks avalanche game 7 for a trip to the western conference finals and look who's back on the ice like captain. joe pavelski back from a serious head injury that kept him out of the series thus far 6 minutes into the game ready shot tempted to the goal, i guess who else key. >>right there. what a start for san jose sharks up one nothing second period to one what is lawful coming at risk and what appeared to be the tying goal but wait difficult to see here you're going to see far side gabriel land to scott comes off the ice with a skate just over the blue light size color goal disallowed still 2 one sharks later in the second donskoy around the back of the net rescinded 3, one san jose. the abs don't given tyson yost cleans up the rebound in front of the net colorado cut it to 3 to it. so here we go 3rd period still sharks up one un

not some washed-up bearded comedian. [ laughter ] i mean, i drove a volkswagen golf here. [ laughter ] [ applause ] but i can't wait to hear what fancy pelosi has to say. [ laughter ] >> jimmy: you know the best part of the volkswagen golf is i know that there's an 85% you really did drive a volkswagen golf here. >> i'd say it's a 100% chance. [ laughter ] 100%. >> jimmy: last week i got to see you and david letterman. you sat down for an interview with david letterman. it was kind of a -- it was just like an industry event. and it was a lot of -- did you have fun with that? >> i did. he interviewed me for something. and still i don't even know what it is. but -- >> jimmy: well, his netflix show -- >> i hear he has a show on netflix. >> jimmy: he does, yes. >> but somehow -- anyway, he interviewed me. you were there. it was a long -- it was like an hour and 20 minutes. you know, i never know what to talk about. after the interview he handed you an envelope. >> jimmy: well -- >> right? >> jimmy: no. he handed you an envelope. >> i thought -- >> jimmy: he showed it to me first. >> okay

,e see national grid down volkswagen down 2%. volkswagen is ex dividend today. there are five or six companies that are ex dividend today. , afteragricole investment banking and profits , actually i think the income was down 11% at credit agricole, and the stock is down 2.5%. anna: let's talk about these markets with our guest in london. asian stocks and u.s. futures higher. this comes on expectation that beijing might add economic stimulus after data showed china's economy lost steam in april. inging us is the cio at investment management. seems like expectations of rate cuts have been once again getting momentum. >> he would love to see that. maybe his pressure in the end will play a role. i don't think the fed is bending to this pressure. the fed has made very clear at the start of the year, we hear markets loud and clear. if the market continues to behave this way, which means there would not be a trade deal, which puts the growth substantially weaker for the second half of the year, then they cut. that's not our base case. i think the risks are clearly risi

volkswagen is reportedly making changes to its battery purchasing plan worth about 50 billion euros, over concerns one of its supply deals might unravel. samsung had agreed to deliver enough that race to power 200,000 cars, but we have learned that differing views have seen them/it to less than a quarter of the original amount. alibaba is considering raising $20 billion via a second listing in hong kong. it would bring china's largest company close to investors in its home country. file a could confidential listing application in hong kong as early as the second half of this year. deutsche bank is considering options, including a capital increase, as part of a wider overhaul. the lender plans to unveil its options over the next two months, but tapping investors for fresh cash is the least favored option. management is aware it could trigger a backlash in light of deutsche's low stock price. manus: the u.s. cash market reopens today after the memorial day holiday, but the derivatives market has been awake, facing off the wall of worry. investors are now flocking to trade war hedges, b

holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. and american lawmakers want to know what the 737 max sailed through certification despite issues now being connected to 2 fatal crashes we'll give you the details. welcome to your business i'm stephen beers in berlin thanks for joining us before we get to those stories some breaking news 1st u.s. president donald trump declaring a national emergency that is widely expected to pave the way for his prohibition of chinese telecoms giant huawei from the u.s. market the order is designed to formally protect u.s. networks from foreign espionage but is widely seen as a path to excluding the telecoms giant from the u.s. market the u.s. already barred government agencies from using while way products. now tech savvy san francisco of all places is banning facial recognition technology the new measure will make the bay city the 1st in the u.s. to prohibit local government agencies from obtaining retaining accessing or using the surveillance but it doesn't limit commercial appli

i urge the board to expand the scooter program, raise the number of volkswagen because i honestly believe this is a future. if you excuse me, i have to jump start my car. >> do we have another comment. come forward, please. >> good afternoon, my name is charles whitfield. i'm a mobility member and sf bike coalition member. i live and work in soma and i've come here to urge you to expand the scooter program and improve and expand the protected bike lanes in the city. the scooter program would benefit greatly. it womb prove the safety of riders of the scooters. something the mta staff presentation and the community discussion did not address. i'm a regular scooter and bicycle share users. i've been knocked off my rented bike once and in the hospital. it was described as being an outstanding protected bike lane. as soma riders know. second street bicycle lane is not protected or much of a bike lane. neither collision however was the fault of a single negligent driver who should have just paid mor attention. personal responsibility is never a solution. the fault was with the transit system th

maybe being first in line to the grand opening of the world's largest rollercoaster. [ cheering ] the volkswagen atlas. more room means more fun. hy-a-it's in here. new from revitalift: derm intensives hyaluronic acid serum with our highest concentration of hyaluronic acid visibly plumps skin and reduces wrinkles. bounce back! new revitalift hyaluronic acid serum from l'oreal. we've transformed this home to show the keurig k-cafÉ brewer makes any house a coffee house. just pop that in for a coffee or brew a shot and froth milk for a latte or cappuccino. easy peasy. now she's a barista! it's so frothy. a little piece of heaven. thank you. but how's the coffee? it's the idea that if our mothers were diagnosed with cancer, how would we want them to be treated? that's exactly how we care for you. with answers and actions. to hear your concerns, quiet your fears, lift your spirits. that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now. you can't buy family bonding moments like this.rica. actually, you can

recaudar 1.3 millones de dÓlares vehÍculos muy interesantes porque son de colecciÓn hay un mustang 76, un volkswagen 56 que valen mucho la pena. destaca esta camioneta 2016 con precio de 70.000 $ que se cree perteneciÓ a uno de los hijos de joaquÍn el chapo guzmÁn serÁn las primeras acciones que realizarÁ el reciÉn creado instituto para devolverle al pueblo lo robado tiene un costo de 75.000 $ y a partir de ahÍ comenzarÁ las uvas dinero con lo que alcanzarÍa para edificar una escuela en la zona pobre de oaxaca. >>el lÍder opositor o venezolano calificÓ de cÍnica la apuesta del gobernante nicolÁs maduro para realizar elecciones legislativas para la asamblea nacional liderada por el presidente y comenzÓ formalmente el primer juicio oral contra la ex presidenta de argentina por corrupciÓn y en esa audiencia sÓlo se leyeron 100 de las 584 pÁginas de acusaciones que incluye entre otros delitos la asignaciÓn de contratos presuntamente irregular tres dÍas despuÉs de anunciar que serÁ candidata a la vicepresidencia cristina se presentÓ en corte para su primer juicio oral por presunta c

bring in at least 15 $1000000.00 at auction the type $64.00 was built by the original government owned volkswagen in 1939 and it belonged to the company founder faired ned porsche it was built for race between berlin and rome never took place through the outbreak of world war 2 it goes on auction in california in august. and that's it for the me and for me and the business team here berlin i'm stephen beardsley as always thanks for watching. the show. first clueless i'm. sure is grand moment to run and join during a tank on her journey. you know we're mean to return to. returns home. every room and every man knows that a child needs food isn't food cannot be for newbies who knows him that a lot of problems drop out of his food because the way he did nothing when coming from him that could have easily been us. at any one of us. lately. oh. this is state of the news africa coming up in the next 15 minutes the votes are in and counting is underway in malawi's election the people came out in droves to choose a new president we know this is a nation hungry for change bold and why it's one of the world

holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. and american lawmakers want to know why the 737 max sailed through certification despite issues now being connected to 2 fatal crashes we'll give you the details. welcome to your business i'm stephen beers in berlin thanks for joining us before we get to those stories some breaking news 1st u.s. president donald trump declaring a national emergency that is widely expected to pave the way for his prohibition of chinese telecoms giant while way from the u.s. market the order is designed to formally protect u.s. networks from foreign espionage but is widely seen as a path to excluding the telecoms giant from the u.s. market the u.s. already barred government agencies from using while way products. now tech savvy san francisco of all places is banning facial recognition technology the new measure will make the bay city the 1st in the u.s. to prohibit local government agencies from obtaining retaining accessing or using the surveillance but it doesn't limit commercial app

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holds off on even more tariffs this time against overseas car makers so should volkswagen and honda breathe a sigh of relief. and american lawmakers want to know why the 737 max sailed through certification despite issues now being connected to 2 fatal crashes we'll give you the details. welcome to your business i'm stephen beers in berlin thanks for joining us before we get to those stories some breaking news 1st u.s. president donald trump declaring a national emergency that is widely expected to pave the way for his probation of chinese telecoms giant huawei from the u.s. market the order is designed to formally protect u.s. networks from foreign espionage but is widely seen as a path to excluding the telecoms giant from the u.s. market the u.s. already barred government agencies from using while way products. now tech savvy san francisco of all places is banning facial recognition technology the new measure will make the bay city the 1st in the u.s. to prohibit local government agencies from obtaining retaining accessing or using the surveillance but it doesn't limit commercial applicat

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holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. and american lawmakers want to know what the 737 max sailed through certification despite issues now being connected to 2 fatal crashes we'll give you the details. welcome to your business i'm stephen beers in berlin thanks for joining us before we get to those stories the breaking news 1st u.s. president donald trump declaring a national emergency that is widely expected to pave the way for his prohibition of chinese telecoms giant while way from the u.s. market the order is designed to formally protect u.s. networks from foreign espionage but is widely seen as a path to excluding the telecoms giant from the u.s. market the u.s. already barred government agencies from using while way products. now tech savvy san francisco of all places is banning facial recognition technology the new measure will make the bay city the 1st in the u.s. to prohibit local government agencies from obtaining retaining accessing or using the surveillance but it doesn't limit commercial app

in at least 15000000 dollars at auction the type $64.00 was built by the original government owned volkswagen in 1939 and it belonged to the company founder ferdinand porsche it was built for race between berlin and rome never took place through the outbreak of world war 2 it goes on auction in california in august. and that's it for the me and for me and the business team here but i'm stephen beard as always thanks for watching. every journey begins with the 1st step and every language with the 1st word clues from the. recoat is in germany to learn german why not simple online on your mobile and free to send w z e learning course nikos free german made. you've been our constitution 17. you've served as an oath already for germany hands. down. are seems to be $61017.00 this. shifting powers the old order is history the world is reorganizing itself and the media's role is keep the topic in focus at the global media forum 29 teams today one out of 2 people is online who are we following the we trust debate and shape the future at the georgia dome of global media forum 2019. march 7th 201740 kil

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volkswagen shares on the rise as it takes in truck subsidiary public. tough times for nissan as carlos ghosn remains in lelegal trtrouble. >> the annual profit for the fiscal year that ended in march was less than half of the previous year. they are forecasting the current year will be worse as earnings are hit by restructuring and development costs. thecle sales were down, but scandal has weighed heavily. rebuild itsmust management team after many left. step back from apple. alleges the 30% commissionon on paidid apps in s app store unfairly drives up consumer prices. the outcome could h have a major effect on how apple handles t te 2 millionn apps available for iphones and other devices. it is confronting a complaint that is expressed by apple developers. >> regardless of what we are doing and whether it violalates antitrust laws, if f we are cler about howw we construct this, consumers cannot sue us. the app developers are scared to sue apple because apple can cut them o off. consumers are ththe only ones wo consider. -- who can sue. someone gets to

presidential election 2020 but it truly put the markets into a shock mode chairs tumbling chairs like volkswagen unfit for ice or automakers likely to be affected by this kind of policy between 4 and 5 percent in the red and perhaps losses not being greater than that because people immediately suspect that central banks will step in and things get out of fan too much economically and of course we still have to somehow deal with china and also ramping up its retaliatory measures reportedly setting up a blacklist for unreliable foreign firms do we know which firms. no we don't know that yet a list has to be published shortly the commerce ministry says but it's spokesman golfing gave us some details on know what they mean by unreliable sources under unreliable enterprises namely those that do not comply with market rules deviate from a contract spirits or impose blockades or stop supplies to chinese enterprises for noncommercial purposes and seriously damage rights and interests of chinese enterprises so that's a heavy order and you can imagine that the chinese will be able to find companies of com

the volkswagen atlas. more room means more fun. when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? ♪ ♪ discover new san pellegrino essenza. a twist of mediterranean flavors, with the gentle bubbles of san pellegrino. add a twist of flavor. san pellegrino essenza. tastefully italian. another wireless ad. great. so many of them are full of this complicated, tricky language about their network and offers and blah blah blah. look. sprint's going to do things differently. and let you decide for yourself. they're offering a new 100% total satisfaction guarantee. try it out and see the savings. if you don't love it, get your money back. see? simple. now sprint's unlimited plan comes with one of the newest phones included for just $35 a month. so switch now. for peo

what would your advice be to volkswagen? >> my advice would be that the ipos are adding to the excess supply situation in equities. if you already have downward pressure on equities, new ipos coming into the market at the same time added to the pressure. time to be a great in the macro situation. it suggests this is not great to be an ipo. without looking at the merits of the individual company. from the market viewpoint, it is very untimely to be in the market with an ipo. >> he is staying with us. we have to get to the fed and other stimulus countries like china. that will be in a moment. let's check in on the uber first word news. >> president trump calling on the federal reserve to copy central banks. the president wrote that china will be pumping money into a six to him -- into its system. he added that if the federal reserve today match, it would be game over. u.s. big terry of state mike pompeo has arrived in russia for talks with but a mere prudent. discuss expected to arms-control. the talks are taking place in soch

and volkswagen over the last couple of years and what we best is make of his success . yes a pretty confident they're of course then you as has been with time off for a long time almost 25 years has been working directly with the church over the last years as designated successor and so there is a lot of trust i think but of course everybody is very much aware of the fact leggo ginnell said to the concepts of changing for the business and for a dime or 2 this is not only about building cars anymore we're looking at a whole new industry where we're talking about mobility concepts the sharing economy technologies like autonomous driving so it is absolutely clear that the new guy has his work cut out for him and we will have to share all of his. what is the road ahead going to bring to record well 1st is going to be busy with this massive restructure it's the biggest one in the company's 130 year history so that's going to combine the car than businesses and the bus and truck business into 2 independents then also the amount of task involving $800.00 subsidiaries in 60 cou

and volkswagen over the last couple of years and what we best is make of his success. yes that pretty confident they are of course then yours has been with time off for a long time almost 25 years has been working directly with the church over the last years as designated successor and there is a lot of trust i think but of course everybody is very much aware of the fact leg said to the concept of changing for the business and for a dime or 2 this is not only about building cars anymore we're looking at a whole new industry where we're talking about mobility concepts the sharing economy technologies like autonomous driving so it is absolutely clear that the new guy has his work cut out for him and we will have to share all of his. what is the road ahead going to bring to record well 1st cullen yes is going to be busy with this massive restructure it's the biggest one in the company's 130 year history so that's going to combine the car than businesses and the bus and truck business into 2 independent spent also the amount of task involving 800 subsidiaries in 60 countri

colluded with and volkswagen to avoid competing on emissions control technology. let's talk more about this with our financial correspondent conrad who joins us now from frankfurt conrad at the center of this is cartel law which could be sort of complicated can you explain how is it being applied to german carmakers like b.m.w. well stephen the e.u. commission the n.t. trust watchdogs of the european commission saying that the comic has formed a cartel by discussing industry standards for diesel and petrol engines and that they that way agreed on what kind of industry standards they want to promote that's way the card the cartel authorities a say the comic has prevented innovation and that's how they formed a cartel now margaret vest the competition commission off the european union herself admits that this is kind of stretching it that this of course does not fit the traditional perception of a price cartel still best doctor is convinced that this was a cartel and that's why the car makers b.m.d. b.m.w. among them have to pay those significant fines so a cartel t

searches have been carried out at the volkswagen offices in stuttgart and a nearby germantown. it is part ofa and a nearby germantown. it is part of a probe involving 176 police officers and tax inspectors. shares in canada goose have taken a nosedive after posting its lowest growth in years. shares in the high—end winter clothing brand went down 26%. earlier this year it faced protests diplomatic spat between china canada and calls for a boycott of the brand. with that, we end this edition of asia business report. this is bbc news — our main headline: at least seven people have been killed, after a cruise boat capsized on the river danube in hungary. borisjohnson, the bookies' favourite to become britain's next prime minister, is to face trial over allegations he lied to the british public during the brexit referendum campaign in twenty sixteen.john pienaar has the latest. he has always loved attention — just not this kind. borisjohnson, the official leave campaign's far—from—secret weapon, is being hauled into court to face accusations that he lied to the public, in

presidential election 2020 but it truly puts markets into a shock mode chairs tumbling chairs like volkswagen and fia frizer auto makers likely to be affected by this kind of policy between 4 and 5 percent in the red and perhaps losses not being greater than that because people immediately suspect that central banks will step in the things get out of fan too much economic and of course we still have to somehow deal with china and also ramping up its retaliatory measures reportedly setting up a blacklist for unreliable foreign firms do we know which firms. no we don't know that yet a list has to be published shortly the commerce ministry says but it's spokesman golfing gave us some details on what they mean by unreliable sources under unreliable enterprises namely those that do not comply with market rules deviate from a contract spirits or impose blockades or stop supplies to chinese enterprises for noncommercial purposes and seriously damage rights and interests of chinese enterprises so that's a heady order and you can imagine that the chinese will be able to find companies that comply with

in at least 15000000 dollars at auction the type $64.00 was built by the original government owned volkswagen in 1939 and it belonged to the company founder ferdinand porsche it was built for race between berlin and rome never took place through the outbreak of world war 2 it goes on auction in california in august. and that's it for the me and for me and the business team here berlin i'm stephen beardsley as always thanks for watching. the reason we women of sudan. against the corrupt elite and standing up to freedom democracy women's rights. defined on the front. of the cheetos. they break down to steal time. 3 times in 60 minutes. we'll move to something tarnish the empire's came from jurors or dealing with a new unit that i killed many civilians in the irish come including my father one thing just as i was a student i wanted to build a life for myself. but suddenly life became mellish took on sob. providing insights global news that matters d. w. made for mines. earth. home to lose of species. a home worth saving. given those are big changes and most start with small steps but the idea is

presidential election 2020 but it surely put the markets into a shock mode chairs tumbling chairs like volkswagen and fee at fry's are auto makers likely to be affected by this kind of policy between 4 and 5 percent in the red and perhaps losses not being greater than that because people immediately suspect that central banks will step in the things get out of fan too much economically and of course we still have to somehow deal with china and also ramping up its retaliatory measures reportedly setting up a blacklist for unreliable foreign firms do we know which firms. no we don't know that yet a list has to be published shortly the commerce ministry says but its spokesman golfing gave us some details on what they mean by unreliable sources under unreliable enterprises namely those that do not comply with market rules deviate from a contract spirits or impose blockades or stop supplies to chinese enterprises for noncommercial purposes and seriously damage rights and interests of chinese enterprises so that's a heavy order and you can imagine that the chinese will be able to find companies that co

bring in at least $15000000.00 at auction the type $64.00 was built by the original government owned volkswagen in 1939 and it belonged to the company founder 3rd ned porsche it was built for race between berlin and rome never took place during the outbreak of world war 2 it goes on auction in california in august. and that's it for the me and for me and the business team here but i'm stephen beard as always thanks for watching. the sex phone operator through her masters thesis on the potato. on the turn on well if it's more residuals from. i was issued when i arrived here i slept with. 6 people in a room. it was hard i was fair. i even got white hair from. the gym language me a lot this gets me and could help push mccain to in truck loads of say you want to know their story my friends her fighting and reliable information for margaret. cho many's. the non-constitutional the 17. doesn't all foraging for germany and the. problems. are seen is basically the whole 10 seconds of this. planet earth live local tourist guide for germany's booming travel i love berlin. 15 inches 50 story and 15 very pe

the volkswagen atlas. more room means more fun. iand i don't add up the years. but what i do count on... is staying happy and healthy. so, i add protein, vitamins and minerals to my diet with boost®. boost® high protein nutritional drink has 20 grams of protein, along with 26 essential vitamins and minerals your body needs. all with guaranteed great taste. and now try new boost® peaches and creme natural flavor. with 27 vitamins and minerals and 10 grams of protein. boost®. be up for life™. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >>> the following is a cnn special presentation. >>> every journalist has that story. the one they just can't forget. it usually involves someone who broke the mold, who left a mark on their community, on humanity, and on all of us. the reporters telling their story. over the last several months my colleagues and i decided to once again track down the remarkable individuals behind those stories. and tonight we're going to take you along for the ride. tonight we want to introduce you to our champions for change. ♪ i a

and volkswagen over the last couple of years and what we best is make of his success. yes they're pretty confident they are of course killin us has been with for a long time almost 25 years has been working directly with the church over the last years as designated successor and so there is a lot of trust i think but of course everybody is very much aware of the fact like john ellis said to the concept of changing for the business and for a dime or 2 this is not only involved building cars anymore we're looking at a whole new industry where we're talking about mobility concepts the sharing economy technologies like autonomous driving so it is absolutely clear that the new guy has his work cut out for him and we all have to share all of his. what is the road ahead going to bring to record well 1st is going to be busy with this massive restructure it's the biggest one in the company's 130 year history so that's going to combine the current than businesses and the bus and truck business into 2 independent spent also that is amount of task involving $800.00 subsidiaries in